FOREX.TODAY

Tag: trend

AUDUSD Ascending Trend Line (Dec 3, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
Screen Shot 2015-12-02 at 2.47.11 PM
AUDUSD has been moving in a steady uptrend, trading above an ascending trend line connecting the latest lows of price action. Price recently made a swing high near the .7350 minor psychological level before showing signs of a pullback. A correction could take the pair back down to the rising trend line support, which is…
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EURAUD Trend Retracement (Oct 28, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
151028_euraud
EURAUD has been trending lower on its 1-hour chart, moving below a falling trend line connecting the latest highs of price action. The pair just recently sold off upon hitting the trend line resistance then dipped to the 1.5150 minor psychological support before pulling back up. Using the Fibonacci retracement tool on the latest swing…
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The strength of a Trend
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-10-15_00-39-15 eurusd 1h
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Trading Power Charts
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-10-08_00-25-15eurjpy forex.today
Some examples of trading in direction of the trend. See below another chart example: Wait for price to be below major moving averages and take trades in direction of the trend.   BEST OF PIPS
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EURJPY Currency
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-10-05_21-08-58eurjpy
In very simplistic terms if we use moving averages then we really might be willing to use them. They represent: 200 MA = Trend 21 and 55 MA = Market Direction 5 and 8 MA = Momentum of price So let us allign all the moving averages to profit from high probability moves trading short…
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Understanding Price Action
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-09-28_22-13-05eurusdforex.today
Let us start with the eurusd 5 min chart and exploit it to the best of our means. Number one on the chart for the uk traders provided us with a double top. The psyche number 1.12000 is in control. We can also see that MACD is showing a bearish divergence. The 200 and 55…
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Price Action alligned with technical indicators
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-09-25_00-26-16eurusdforex.today
On this chart you may see that the 200 day moving average is below price. Therefore we will only trade bullish setups. What I will add today is that we confirm our entry besides using the 5/8 cross  with price action. As long as we are given higher highs and lows we continue to buy…
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Trading made Easy
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-09-24_00-54-34eurjpy
This chart is a second example for the previous chart explanation in how to take away doubt and stick to a logical trading plan. All the green arrows would provide you with an entry. The long bias and long only is established with the purple moving average. The crossing of the black and green moving…
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The euro pair of the day
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-09-22_19-39-54eurjpy4 forex.today
This was definitely the best euro pair to trade today. We were given seven possible short opportunities which could have resulted in some nice profit. When scanning the charts before we trade it is always good to see the angle and seperation of the two bigger moving averages. If the first move of the day…
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Setting up a Chart to Trade
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-08-17_20-21-34eurusd1
We will be staying on the EURUSD 5 min Chart for explanations on how the movements of price can be explained for activ trade entries and management. It is important as price developes during the trade session that active action is taken by the trader. Price reversal patterns have to be acknowledged and a risk…
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GBPCAD Trend Line Bounce (Aug 14, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
150814_gbpcad
GBPCAD is currently on a strong uptrend and has just pulled back to the rising trend line support visible on the 4-hour time frame. The pair seems ready to bounce and resume the climb, as the 100 SMA and trend line are holding as support. The pair could move back up to the previous highs…
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Going with the Trend
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-08-10_20-53-23eurusd2
Whenever some opinions are asked about a certain currency pair or its direction several answers are given that might contradict themselves. The successful trader is normaly the person that uses a trading plan, trade management and does not risk to much on a individual trade. If an overall daily trading loss is reached the clever…
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EURGBP Chart
2015-07-31_02-06-50eurgbp
Quite a similar chart compared to the previous eurusd chart. Now since this pair is also trending we can easily see that the gbp and the usd are our strong pairs and the euro the weak one. For us to have an understanding why these pairs move like this is quite simply the front running…
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EURUSD CURRENCY PAIR
2015-07-31_01-18-47
Here we go again for another analysis for this eurusd pair. Price has been behaving bearish and has been coming down nicely. The best short opportunity would have been at the number 1 to the right of this chart. It was the first lower high provided after a series of higher highs. Now since this…
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EURGBP Trend Line Pullback (July 24, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
150724_eurgbp
EURGBP has been trending lower on its 4-hour forex chart, with price moving below a descending trend line connecting the highs since May. Price looks ready to pull back to the trend line, which is in line with the 200 SMA. For now, the 100 SMA is below this longer-term moving average, confirming that the…
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Possible Change of Trend
2015-07-10_14-15-09audusd
On this AudUsd chart the purpose is to see a possible change of trend. Starting with the number 1 we are provided with the low point. We move to number 2 wich provides us with a high. It is on number 3 with a higher high that an entry should be taken. On number 6…
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GBPUSD Trend Line (July 2, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
150702_gbpusd
GBPUSD is currently testing the rising trend line connecting the recent lows of price action on the 4-hour time frame. The pair is also drawing support at the 50% Fibonacci retracement level and the 100 SMA. Stochastic is indicating oversold conditions, which means that a bounce might take place and lead to a move towards…
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