This pair continued to fall today pretty much in tune with the stock market but not at the same rate. Todays signal is to look for shorts on rallies , if we have come to the end of the 5th wave on the 4hr chart then place to look is either 1.41 but preferably 1.42. […]
Looking like 5 waves down on the 4hr chart . If we have finished the 5th wave between here and 1.41 look for a rally then a short down from the 1.42 to 1.4250 zone. Which would be following the 4hr downward trend. We seemingly have also broken the longer term uptrend marked B on […]
After a year in development The Traders Edge is released. This is an advanced candlestick analysis tool which is to be used in conjunction with the daily technical analysis we provide here or your own. It is a great system enabling you to make solid trading decisions .
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 […]