forexTrdr

forexTrdr Updated 

Afternoon traders, After a big number on US Non farm payroll data surprised the market on Friday and threw the market into doubt over whether the US central bank, the fed, will cut rates at the next meeting giving the US dollar a bounce in strength into the weekend against market expectations. We are looking at a long setup in USD versus Canadian dollar with the...

forexTrdr Updated 

Morning traders, Looking at fibonacci supports on New Zealand dollar versus US dollar after a perfect wave pattern formed and pulled back to fibonacci support around 0.6672. The pair have broken below and look set to make a move lower towards low 0.66. Our trading view chart is hopefully self explanatory. Additionally we had the Australian central bank cut...

forexTrdr Updated 

Morning traders British Pound versus US dollar looks set for a break lower to low to mid 1.25s over the next week. The just announced PMI data coming in below expectations and a hardening of stance from Jeremy Hunt on EU trade deal where he suggested he may withhold some of the £38 billion funds that the EU is looking for is bearish for British Pound. The...

forexTrdr

Afternoon traders, Looking at another great setup this time in Aussie Dollar versus New Zealand dollar which spiked overnight as the Aussie central bank cut rates but then indicated that was them finished cutting rates causing a short squeeze in this pair up towards the 100 day moving average around 1.05 where it has lost steam in moving higher. Having watched...

forexTrdr

Afternoon traders, Smashing the trades out today with G20 out of the way and the start of a new month there is some great setups lining up. Euro versus British Pound being one of those with a bearish divergence forming on RSI. As you can see in our trading view chart RSI has been forming lower highs at the same time as price action was forming higher highs. This...

forexTrdr

Morning traders With the Aussie rate cut out of the way and having very limited impact on the market given how well flagged it had been the setup on Euro versus Aussie Dollar is looking interesting. The pair are trading close to oversold levels on multiple metrics and at decent support level as highlighted on our trading view chart. There is also an up sloping...

forexTrdr Updated 

Afternoon traders, Monday afternoon and we are looking at the 130 pip run up in Euro versus Japanese Yen since early morning Friday taking this pair up to resistance around 122.4 area where the pair are running out of steam and turning over on stochastic indicators. Our trading view chart highlights the relevant support and resistance levels for this pair which...

forexTrdr Updated 

Afternoon traders, Today we are taking a look at Aussie Dollar versus US dollar which is finding substantial selling at resistance levels just short of 0.6970. The pair appear to be at the latest lower high of its lower highs, lower low patterns and looks set to turn lower back towards mid 0.68. The touching of resistance levels is being met at the same time as...

forexTrdr

Morning again traders, Looking at a short term trade on Gold versus US dollar after formation of a bearish candle pattern on the 2 hourly Advance and a Bearish Harami on the 4 hourly both of which point to price action moving lower over the remainder of today. Looking for a move back down to support levels around 1389 over the coming hours as per our hourly...

forexTrdr

Morning traders, We are looking at the setup on Euro versus US dollar with the pair having run up over 200 pips since last Tuesday and now looking overbought short term as it reaches resistance levels just short of 1.14. We are therefore looking for Euro to pull back lower and retest support levels in low 1.13 area We have highlighted both overbought levels...

forexTrdr Updated 

Morning traders Another start to the week. Monday 17th of June lets go. Following a very successful short on Gold on Friday from 1354 down to current market at 1333 for our team we are looking for our next winning trade. Today we are taking a look at a bullish setup on New Zealand dollar versus US dollar following the formation of a Tweezer Bottom candle...

forexTrdr

Morning traders, Looking to take advantage of the weakness in Aussie dollar overnight which took GBP AUD higher providing a great entry point for shorting British Pound against Aussie dollar. Our chart on trading view highlights the levels of overbought status on both RSI and Stochastics which have previously led to a move lower and the chart work also highlights...

forexTrdr

Morning traders, Similar to our Euro versus Japanese Yen trade we are looking to get short US dollar against Swiss Franc on expectation of a risk off tone into next week from a combination of price action on equity indexes as well as what we have highlighted here on our trading view chart work. A combination of price action and trendlines is coming together to...

forexTrdr Updated 

Afternoon traders, US dollar versus Japanese Yen flagging a bearish pattern with the formation of a Bearish Harami as RSI hits resistance level and Stochastics trade in extreme overbought territory on 4 hourly. Looking for this pair to head lower from here back to 108 levels then a potential break down to 107.5 Follow us on tradingview under forexTrdr to get...

forexTrdr

Morning traders, Nice short setup on Euro versus Japanese Yen on our trading view chart with the pair running up to resistance levels around 123 and at the same time trading volumes are heading south just as the overall market goes risk off again. Using this as the perfect opportunity to position for more risk off headlines from China trade talks after the...

forexTrdr

Morning traders, Looking at the setup on British Pound versus Aussie dollar which we played from long side last week and are now looking to play from the short side with British Pound running out of upward momentum back at the resistance area highlighted in our trading view chart and looking likely to head lower again. The price action also shows up on the...

forexTrdr Updated 

Morning traders, On back of Aussie central bank again we have another interesting opportunity- this time in British Pound versus Aussie dollar with the pair forming a double bottom. The pair has fallen to current support levels as per our trading view chart and is allowing for a good risk to reward setup should the pair bounce and remain in the current trend...

forexTrdr

Morning traders, Overnight we had the Australian central bank cut interest rates as expected by the market and they also indicated that they were "one and done" for the time being which lead to Aussie dollar rallying overnight to the top of the descending channel highlighted in our tradingview chart. At the same time we have the spike higher meeting an area of...