Last week I published the setup for EURUSD http://forexsignalservices.co.uk/forexblog/forex-fx-daily-chart-on-eurusd-are-we-approaching-a-long-trade-setup/ Here is the setup right now : We can see that the price has moved into the reversal zone but we have yet to see evidence from the current price action that any reversal is taking place. Will keep an eye over the next few days […]
On the daily chart of EURUSD we can see that a nice drop out out of previous resistance / supply zone and are getting back down to the 50 % fib retracement of the previous move up, which also corresponds to a resistance level formed back in March this could switch from resistance into support. […]
Lots of news driven events this morning in the markets triggered off ECB talking: ECB Coeure says due to seasonal factors QE will be front loaded to May and June, hypothetically deposit rates could be even more negative ECB’s Noyer says that the ECB are prepared to continue QE to September 2016 EU’s Juncker expects […]
Last week we saw this harmonic bullish shark pattern appear on the 4 hour chart. Here is the harmonic alert from the members section of the website. So here is the pattern as alerted by the system Notice that as with all harmonic patterns they are trying to get you to trade in the […]
Last monday we were alerted to a 5-0 pattern on the EURCAD pair, here is the alert shown in our alerts module: So on the chart it showed up like this: It ended up like this : Notice how the price dropped out of the harmonic pattern completion zone right off the trendline with pivot […]
Here is a look at EURUSD as we go into next week . You can see that we are into an area of resistance and the last 24 days the price has been in an uptrend. Everyone who is already short keeps talking about how Greece is going to make the euro tank , […]
Moving on from the post earlier we see that the pair has continued to drop down further and has now morphed into a bullish crab pattern here is the alert: and here is the pattern: I am waiting for some sign that the price is turning , it is however very weighed down right now.
We had this alert this morning on NZDJPY: The chart is below , notice how the lack or price action to the upside and the price not bouncing out of the support area was telling to not trade this pattern If we had taken this trade we would have been stopped out as it has […]
Here is the daily chart on EURUSD. You can see that the price seems to be getting held up here right now , but on the daily chart a long position at this point would be too close to the resistance zone above. If you are a daily chart trader then you should pay attention […]
Next week we have on Monday a bank holiday in the UK celbrating Mayday and a pretty quiet day , only tier one news is from Australia and then China , early in the morning. Things start to get a bit busier on Tuesday with some US tier one data releases. On Wednesday we have […]