It seems that 1.4460 – 1.4480 has been holding resistance last couple of days . So the call for today will be a short down from that area with the correct candlestick alert. Stop above 1.45. Right now we are hovering around support as shown on the chart , I sould consider a long from […]

I didnt send out a signal today as I am busy setting the website up for the release of The Traders Edge. Quite a lot is going to change on the site, both the graphics and content are being rejigged / changed. Anyway I thought I would just put a chart up as I just […]

Looking to get short under the sloping downtrend line A  or around the 1.4450 level . Stops above 1.4450 targetting the sloping trendline B  zone. Look for a nice  candlestick alert to signal entry. Alternatively look at a sustained break of 1.4450 for longs to 1.45. If we shoot through up to 1.45 then watch […]

Time for caution here . Its also Friday which can sometimes be a real pain for trading as you can sometimes get stuck in trades over the weekend. So looking at the chart we can right now see the price respecting the bottom trendline B . So some might say why not take a long […]

Hopefully you all got in on yesterdays analysis, should have given some pips 🙂 So onto today , and a look at channels and 200 EMA. Ive marked up the chart to show whats going on here especially the fact that sometimes the price action has absolutely no respect for these EMA’s. However if you […]

Some fast moves down today from the 1.4450 level as per yesterdays forecast , so onto today and we can look at 2 or 3  places for trades . A long at resistance (1.43 area with a stop under 1.4250 or a short down from the 1.4450 area with stops above 1.45. Additionaly  a long […]

So we broke through the sloping down trendline today with pretty much no resistance . This puts us up near 1.45 with an interesting looking shooting star bouncing off what is maybe a new downtrend line ? For today look for resistance at this point and a possible short with a stop above 1.45. Just […]

So we have had 3 bites of the top sloping trend line and are on our way back to there as we speak , the 1.4350 area. If we break through here look for a sustained break to enter, in other words we break through and then do a retest back down. A failure to […]

For 12th August EURUSD Not that much movement yesterday in terms of hitting trendlines however if you took a long from yesterdays signal then you could have banked a few pips. Onto today. Wait until a trendline is hit either top or bottom one . At the top look for good resistance here to come […]