EUR/USD made a move above 1.19 but failed to stabilize on higher ground. It then made a significant correction. What’s next? Here are two opinions Here is their view, courtesy of eFXnews: USD: Weakness To Get Deeper; EUR/USD To Break 1.20 By September – BTMU BTMU FX Strategy Research predicts the EUR/USD rate could break the [...]
The post EUR/USD – rally not over, but could slow down appeared first on Forex Crunch.
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 This post is 1 week delayed and this idea is no longer valid but the lesson is still valid.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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GBPJPY has been choppy on the H4 chart. However, the pair made a huge bearish H4 candle yesterday, which might give the pair a bearish momentum. Moreover, the pair might even offer us a short entry today. Let us have a look at the H4 GBPJPY chart…
GBPJPY Price Action Analysis – 4th Aug 2017
then continued to go down up to 144.345. It seems that the pair might be in consolidation right now. If this really is the case, then the level of 144.865 might become the level of resistance. If the level is held as an H4 resistance and produced an H4 bearish Engulfing candle, then selling the pair would get us some green pips. Let us have a look at the summary of the trade…
GBP’s high impact news event yesterday made the pair move like this. Today NFP is going to release “Unemployment data”, which is considered one of the biggest news events. Thus, we should wait for the H4 candle (one that includes NFP) to be finished to take the short entry on this trade setup. The best would be if that H4 candle comes out as an Engulfing bearish candle. That would be an excellent signal since after that traders would have less doubt to go short on this pair. The liquidity will be good as well for sure. Thus, I assume it would take less time to hit the take profit level.
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The post GBPJPY Price Action Analysis – 4th Aug 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…
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EURJPY offered us an entry, which was recommended 01.08.2017 by us. The pair seems to be strong enough to go further up. The H4 chart suggests that if we get a breakout, then the pair would offer us another long entry later today or tomorrow. Let us have a look at the H4 EURJPY chart…
As we see on the chart that the pair went up to 131.380. Then, it has been having consolidation. The level of 131.020 has been acting as support so far. If this level is held and produces an H4 Engulfing candle, then we would have to wait for a breakout at 131.380 to take a long entry. It is important that the H4 reversal candle (H4 Engulfing candle) makes the breakout.
Let us have a look at the summary of the trade
It might take time for the breakout to take place here since tomorrow NFP-Unemployment data is going to be released. That is why we need to have a strong breakout here. Although, NFP is directly related to the USD, but EURO and JPY both have a strong relation with the USD. Thus, EURJPY might start reacting from today. If the pair gets sluggish which is more likely, then the best thing would be if the signal on this trade setup comes after NFP’s declaration. I assume that the market will be hot again after this NFP release.
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The post EURJPY Price Action Analysis – 3rd Aug 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…
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AUDUSD had a strong bull trend on the Daily chart. The pair has been on consolidation. However, the bullish trend line is intact and I assume that the pair might offer us a long entry today as far as today’s price action is concerned. Let us have a look at the H1 AUDUSD chart…
AUDUSD Price Action Analysis – 2nd Aug 2017
The level of 0.79400 seems to be the level of support. The price had a bounce from this level earlier as well. Now the price has to make a breakout at 0.79730 and then come for a correction right at the breakout level. It means we are hoping an ABC pattern to take the entry. Let us have a look at the summary of the trade…
As we normally see that, the price continues towards the trend for at least one more candle sometimes even more after the breakout. We need to get that kind of price action here as well. Another thing, today the USD has a high impact news event at 12.15 GMT. I assume the signal would come after the news event. In fact, that would be the safest option for us. By any chance, the signal comes before the news event; I mean to say if the London open makes the breakout, then the reversal candle has to take place at least 2 hours before than the USD’s high impact news event.
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We hope that you enjoy our Free Forex Trading Signal today: AUDUSD Price Action Analysis – 2nd Aug 2017
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The post AUDUSD Price Action Analysis – 2nd Aug 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…
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EURJPY has been on a strong bull trend on the Daily chart. Moreover, according to the H4 chart, the pair produced a huge H4 bullish candle after making a Double bottom. It seems that the price has found its resistance at 130.575. If we get a breakout at that level, then buying the pair would get us some green pips.
EURJPY Price Action Analysis – 1st Aug 2017
See the H4 chart produced a Double bottom at the level of 129.620. Then, the price went up to 130.575 and started having consolidation. The level of 130.220 seems to be a level, which has the potential to be a good level of support. If this level produces an Engulfing H4 candle and breaks out the level of 130.575, then buying the pair would get us some green pips. Let us have a look at the summary of the trade…
Last two months the Forex market has been very sluggish. Today is the first day of August. It means we are in the last quarter of the year. I hope that the market will come back to its usual mode from this month. The market would be hot until November as it normally goes every year. The last FOMC, which took place on the last Thursday, and the next NFP, which will take place on the next Friday might play a significant role in the market for the next coming four months.
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We hope that you enjoy our Free Forex Trading Signal today: EURJPY Price Action Analysis – 1st Aug 2017
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The post EURJPY Price Action Analysis – 1st Aug 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…
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GBPCHF has been bullish on the H4 chart. The price has kept making higher highs. As things stand with the pair, there is a lot of room for the price to go towards the North. Thus, eying on the pair to take a long entry would be a good idea. Let us have a look at the H4 GBPCHF chart…
GBPCHF Price Action Analysis – 31st July 2017
Have a look at the chart and the price action. The H4 candles kept going towards the upside. On its way, it broke some important levels of resistance as well. The level of 1.26330 is a level, which might become the level of flip over support. If it does and produces an H4 bullish reversal candle, then the price would go towards the North and make a new higher high by offering us a long entry.
Let us have a look at the summary of the trade
Since this trade setup is on the H4 chart. Thus, it might take time for the price to produce the signal. Moreover, it is the last day of the month and tomorrow is going to be the first day of August. Thus, the market might experience less liquidity today and tomorrow, which would make the pair sluggish. Nevertheless, keep your eyes on the chart, especially after every H4 candle. Do not be surprised if the signal comes after 8-10 H4 candles.
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: AUDJPY Price Action Analysis – 28th July 2017
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The post GBPCHF Price Action Analysis – 31st July 2017 appeared first on Advanced Forex Strategies.
