GBP/USD made an attempt to recover and is now sliding once again. UK PM Theresa May and Labour leader Jeremy Corbyn both gave lengthy interviews to Jeremy Paxman. The formidable interviewer clashed with both of them. Some analysts suggest that Corbyn “beat expectations”, yet these expectations were set quite low. The debates usually fail to make [...]
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EUR/USD is clinging to support at 1.1120, but only just. This is one leg lower from the previous support line of 1.1160 and almost 150 lows from the cycle of 1.1266. 1.1120 worked as support back in October 2016 and returns to its old role. Further support awaits at 1.1050, followed by 1.0950, which was the initial [...]
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Before you continue, we want to make sure you understand that this is a past trade idea found inside The Price Action Club which is a premium Price Action trade signal service. This post is 1 week delayed and this idea is no longer valid but the lesson is still valid. We post this to show you what is inside the Price Action Club. It would be awesome if you join us to learn and to trade our trade ideas. We hope to see you inside the Price Action Club soon. Click here to join us…
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EURGBP has been bullish on the H4 and the H1 chart. The price has kept going up and continued to make new higher high. Moreover, today the price has made another H4 breakout at an important level of resistance. This means the pair might offer us a long entry if things go according to the trade setup that has been shared below. Let us have a look at the H4 chart of EURGBP…
Here we have used the H4 chart to spot out our trade setup, but we are going to wait for an H1 reversal candle at the breakout level. Since today’s price action has been bullish from the first hour of the trading day, so this is actually a trade based on H1 confirmation. That is why stop loss is set below today’s lower low as well. If we wait for an H4 reversal candle here, we might get too late to take the entry.
You can also take a look at our previous (and most likely profitable) Free Forex Trading Signals Here.
We hope that you enjoy our Free Forex Trading Signal today: EURGBP Price Action Analysis – 26th May 2017
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The post EURGBP Price Action Analysis – 26th May 2017 appeared first on Advanced Forex Strategies.
Before you continue, we want to make sure you understand that this is a past trade idea found inside The Price Action Club which is a premium Price Action trade signal service. This post is 1 week delayed and this idea is no longer valid but the lesson is still valid. We post this to show you what is inside the Price Action Club. It would be awesome if you join us to learn and to trade our trade ideas. We hope to see you inside the Price Action Club soon. Click here to join us…
NZDUSD had been bearish two weeks ago. However, the last two weeks have been bullish with the pair. The pair breached an important level of resistance on its bull journey as well. As things stand with NZDUSD, the price might come back to that level to confirm the level of flip over support. If it really happens then buyers will jump into the pair to drive the price towards the North again. Let us have a look at the H4 chart of NZDUSD…
NZDUSD Price Action Analysis – 24th May 2017
As we see that, the pair has been bullish on the H4 chart. The level of 0.69475 got breached, which was a massive level of resistance earlier. The price went up to 0.70450 after the breakout and then started having correction. If the price comes back at the level of 0.69475, and produces a Daily reversal candle right at that level, then buying NZDUSD would get some green pips for the buyers. Let us have a look at the summary of the trade
The chart that we have used here for the trade setup is an H4 chart, but the reversal candle should be a Daily candle. This is because that the level of resistance was actually a daily resistance, where the price got rejected twice on the H4 chart recently (see the marks on the chart). Thus, taking the entry after a Daily reversal candle would be more rewarding.
You can also take a look at our previous (and most likely profitable) Free Forex Trading Signals Here.
We hope that you enjoy our Free Forex Trading Signal today: NZDUSD Price Action Analysis – 24th May 2017
The post NZDUSD Price Action Analysis – 24th May 2017 appeared first on Advanced Forex Strategies.
Mario Draghi is not a drag on the euro today. He leans towards the glass half full by saying that downside risks are diminishing. Speaking against a backdrop of thin volume, markets are moving. At least not yet. EUR/USD is trading around 1.1186, up from support at around 1.1160 seen earlier in the day. However, the pair [...]
The post Draghi sounds optimistic – will EUR/USD rise? appeared first on Forex Crunch.
Weekly Forex News Events for EURUSD – 29th May to 2nd June 2017
EURUSD had a slightly bearish week. However, if we consider the week one before that, then EURUSD is still in the bullish mode. Next week there are some high impact news events that will create volatility on the pair. Let us have a look at the schedule of those news events.
Although, this Monday is going to be a bank holiday in the US, but Draghi’s speech might create volatility on EURUSD. EURUSD traders might as well use this news event as an opportunity once the market is settled after his speech.
A news event, which creates spikes and sweep off Intraday stop losses.
Usually this is one of the massive news events for EUROUSD of a trading week. Traders should be more careful to deal with this news event since the next Thursday is the first day of the month.
EURUSD traders must be careful about these news events next week. Three of them are high impact news events, but Non Farm employment change is the event, which normally creates extreme volatility. The data of this news event often set the tone of EURUSD for the rest of the month. No way Intraday traders should take any entry just before this news hour. However, big time frame traders might use it as a huge opportunity if they know which page they are on.
The post Weekly Forex News Events for EURUSD – 29th May to 2nd June 2017 appeared first on Advanced Forex Strategies.
Before you continue, we want to make sure you understand that this is a past trade idea found inside The Price Action Club which is a premium Price Action trade signal service. This post is 1 week delayed and this idea is no longer valid but the lesson is still valid. We post this to show you what is inside the Price Action Club. It would be awesome if you join us to learn and to trade our trade ideas. We hope to see you inside the Price Action Club soon. Click here to join us…
Join The Price Action Club Here…
XAUUSD or Gold had been choppy for the last 5/6 trading days. However, last Friday the price took a move towards the upside and made a new higher high. The price now has been on correction. There is a good chance that XAUUSD/Gold would offer a long entry once the correction is completed at the right level. Let us have a look at the H4 XAUUSD/Gold chart….
As the chart shows that, there is another level above the recommended level, which has the potential to be a flip over support as well. The price might start reacting from there. However, it is best to wait for the price to come at the recommended level shown on this trade setup. This is when buyers will get more reward than the risk. Moreover, the chance of winning the trade gets much higher as well.
You can also take a look at our previous (and most likely profitable) Free Forex Trading Signals Here.
We hope that you enjoy our Free Forex Trading Signal today: EURGBP Price Action Analysis – 26th May 2017
Join The Price Action Club Here…
The post XAUUSD Price Action Analysis – 29th May 2017 appeared first on Advanced Forex Strategies.
Pound/dollar is trading around 1.2825 after dipping under 1.28 and hitting a new low of 1.2775 on Friday. Before the weekend, we discussed the three reasons for the fall of the pound. Cable had reached the lowest in a montn. One of the drivers was the tightening of opinion polls in the UK. Quite a few [...]
The post GBP/USD recovers from lows amid 6 new opinion polls appeared first on Forex Crunch.
