I have been a pro forex trader for 10 years. Trading all asset classes, from forex, equities, futures, currency and options. In this account I will try to capitalize on short term opportunities that arise in global currency markets. I use all kind of forex strategies, trend following, trend reversals, scalping, depending on current situation every time.
Monday, 30 October 2017
EUR/US Trading
Move over 1.1610 will indicate the presence of buyers. If this creates enough upside momentum then we could see a rally into the 50% level at 1.1702. Since the main trend is down, we could see sellers come in on a test of this level to stop.
Friday, 13 October 2017
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Thursday, 12 October 2017
EUR/US - Forecast
A sustained move under 1.1850 will indicate the presence of sellers. This could lead to a quick break into a steep uptrending angle at 1.1828. This angle has guided the market higher since October 6.
Tuesday, 26 September 2017
EUR/US forcast
With current price at 1.1783 and the earlier price action, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the uptrending angle at 1.1801.
Move under 1.1801 will indicate the presence of sellers. The daily chart indicates the next target angle comes in at 1.1731. This is the last potential support angle before the 1.1661 main bottom. Happy Forex Trading
Monday, 11 September 2017
EUR/US - Forex Trading
This EUR/US pullback should be healthy for the longer-term buying opportunity. I still have a longer-term target of 1.25, but it may take some time to get there. happy Forex Trading
Thursday, 7 September 2017
EUR/US Trading
A sustained move over 1.1947 will indicate the presence of buyers. This could create enough upside momentum to challenge 1.2070 then 1.2166. Happy Forex trading.
Thursday, 24 August 2017
EUR/USD - Trading
Sustained move under 1.1786 could trigger an acceleration to the downside if selling volume increases on the move.
Wednesday, 9 August 2017
EUR/US - Forex Trading
ased on the current price at 1.1737, the direction of the EUR/USD is going to be determined by trader reaction to yesterday’s low at 1.1714.
Friday, 28 July 2017
EUR/USD - Forex Trading
Based on the current price at 1.1711 and the earlier price action, the direction of the EUR/USD will be determined by trader reaction to the uptrending angle at 1.1678. Happy Forex Trading
Monday, 10 July 2017
Friday, 7 July 2017
EUR/US: Forex Trading
A sustained move under 1.1415 will signal the presence of sellers. This could lead to a quick break into the steep uptrending angle at 1.1392. Happy Forex Trading
Wednesday, 31 May 2017
Forex Trading - EUR/US
Sustained move over 1.1188 will signal the presence of buyers. This could trigger a rally into a resistance area at 1.1208. This price is also the trigger point for an acceleration to the upside with the next target angle coming in at 1.1238. This is the last potential resistance angle before the 1.1268 main top. Happy Forex Trading
Friday, 19 May 2017
Forex Trading - EUR/US Forcast
The EUR/USD is currently trading at 1.1177. The upside momentum suggests traders are likely to make a run at the next long-term downtrending angle at 1.1212. We could see a technical bounce on the first test of this angle, but it is also the trigger point for another acceleration into the main top at 1.1299. Happy Trading
Thursday, 11 May 2017
Forex Trading - EUR/USD
If EUR/US sellers can drive the market through yesterday’s low at 1.0853 then this may create enough downside momentum to challenge the initial downside target at 1.0819. This is followed by 1.0781 and 1.0762.
Look for an upside bias today on a sustained move over 1.0902 and a downside bias to develop on a sustained move under 1.0853. Happy Forex Trading
Wednesday, 3 May 2017
Monday, 1 May 2017
Forex Trading - EUR/USD Higher Before Pullback
The daily EUR/USD Forex chart has been in a tight range for 6 days. T this is a weak breakout above a 6-month range. Furthermore, most breakouts fail. Therefore, this breakout will probably fail and the trading range will continue on.
If the bulls get a measured move up on EUR from their head and shoulders bottom, the rally would still be a bull leg in a 2-year range. Hence, there is no sign that there will be a breakout of the 2-year range. Because it is below the monthly moving average, the odds still favor a bear breakout and a test of par within a year or two. Happy Forex Trading
Wednesday, 26 April 2017
Monday, 24 April 2017
Forex - EUR/USD Technical Analysis
The main trend is up according to the daily swing chart. A trade though 1.0906 will reaffirm the uptrend.
The major range is 1.1299 to 1.0339. Its retracement zone is 1.0819 to 1.0932. The Euro is currently trading inside this range zone. Trader reaction to this zone will determine the longer-term trend of the market. A sustained move over the Fibonacci level at 1.0932 will indicate the presence of strong buying. A sustained move under the 50% at 1.0819 will signal that sellers are still running the show. Happy Forex Trading
Monday, 17 April 2017
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Forex Trading - USD/JPY Fundamental Forecast
Over the week-end, U.S. navy ships remained near the Korean Peninsula in a show of force. Also, North Korea attempted to launch a test missile, but the move failed when the missile exploded about 5 seconds after launch.
We expect to continue to see pressure on the USD/JPY because of the uncertainty over whether the situation in North Korea will escalate into military action. If this uncertainty continues to grow then look for increased demand for the Japanese Yen. Happy Forex Trading
Friday, 7 April 2017
Forex - EUR/USD Daily Technical Analysis
The EURUSD exchange rate is testing support seen near an upward sloping trend line that connects the lows in January to the lows in March and comes in near 1.0595. A close below this level would see a test of the March lows at 1.0545. A break through this level would target the January lows at 1.0340. Resistance is seen near the 10-day moving average at 1.0702.
Happy forex trading
Happy forex trading
Tuesday, 4 April 2017
Forex Strategy - EUR/USD Technical Analysis
Based on the current price at 1.0646, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the longer-term Fibonacci level at 1.0651. The current set up suggests any rallies are likely to be difficult and labored and that the way of least resistance is down.
A sustained move under 1.0651 will indicate the presence of sellers. The first target is an uptrending angle at 1.0614. If this angle fails then look for an acceleration into the next uptrending angle at 1.0569. This is the last potential support angle before the 1.0524 main bottom.
Overcoming and sustaining a move over 1.0651 will signal the presence of buyers/suport. This could lead to a quick rally into a steep downtrending angle at 1.0668.
Overtaking 1.0668 could trigger a jump into 1.0700, 1.0704 and 1.0715.
The 50% level at 1.0715 is the trigger point for an acceleration to the upside. If the buying is strong enough then we could see a rally into the next downtrending angle at 1.0788.
Watch the price action an read the order flow at 1.0651 all session. Trader reaction to this level will tell us if the buyers are stepping in to stop the price slide.
Happy forex trading
Monday, 27 March 2017
Forex Strategy - USD/JPY (Dollar to Japanese Yen) Week Forecast
Flight to safety buying is helping to drive down the USD/JPY early Monday. Investors are reacting to lower equity prices in the U.S., a weaker dollar and lower Treasury yields.
Investors are reducing their risk exposure in higher risk assets due to doubts over President Trump’s ability to push through his economic policy plans in a timely manner after his defeat on Friday over his health care reform.
Wednesday, 22 March 2017
Forex Trading
The EUR/USD Forex is trading lower at the mid-session but inside yesterday’s range. This typically indicates investor indecision and more volatility.
The main trend is up according to the daily swing chart. A trade through 1.0819 will signal a resumption of the uptrend. This could fuel a rally into the December 8, 2016 main top at 1.0872. A trade through 1.0718 will turn the main trend to down.
If 1.0718 fails as support then look for a further break into the retracement zone at 1.0700 to 1.0660.
Overcoming the steep uptrending angle at 1.0798 will put the EUR/USD in a very bullish position.
Happy Forex trading
Monday, 20 March 2017
Forex Trading
The main trend is up according to the daily swing chart. A trade through 1.0782 will negate the closing price reversal top and signal a resumption of the uptrend. This could create enough upside momentum to challenge the February 2 main top at 1.0828.
A trade through 1.0726 will confirm the closing price reversal top. This could trigger the start of a 2 to 3 day correction. It may not lead to a change in trend, but it may just indicate that the selling is greater than the buying at current price levels. Happy Currency Trading
Thursday, 2 March 2017
Forex Trading
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Tuesday, 28 February 2017
Forex Trading Strategy
EUR/USD Monthly forecast for March 2017
EURUSD currencies has been trading within a tight range over the month of February with not much of a breakout in either direction. The range for the entire month turned out to be only around 400 pips which, considering that its daily range is 100 pips on an average, indicates some very tight trading from the bulls and the bears. But, this is something that has to be be expected from the pair in recent times as there is not much news from the Eurozone or the ECB on the currency front.
The ECB had made it very clear, towards the end of the last year, that it would continue to be in the market for the whole of this year and probably for some part of next year as well. With the ECB having shown its hand for the entire year, there is not much to expect or anticipate as far as the euro is concerned, not only for February but for the rest of the year as well. So, the moves in this pair will be dominated by the strength and weakness of the dollar alone with the euro having little or no say. Trading EUR/US pair at the support region around 1.05. is for the short term and may not last long.
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