theforexportal

theforexportal Updated 

My specialist indicator was giving a 3 star BUY trade this morning. We have a clear break of resistance (green trend line) as the price pushes through on an ascending triangle to higher ground. First obvious target is WR1 resistance at 1.2580. Looks a good thing this with Dollar Index under 100 and a fair bit of GBP strength about.

theforexportal

SELL USD/CHF Dollar index remain under 100 and the USD is weak across the board. I already have a SHORT USD/CHF trade but I'm adding to it as my in house indicator is flagging a STRONG SELL. This pair looks to be returning to .95 support. WS1 is the first target - expect a bounce there and then further USD weakness.

theforexportal

Not much dollar strength about but the NZD, one of my favourite SELLING currencies seems to be faltering. For several sessions the BULLS have struggled to force the price past recent highs at .6102 and my specialist indicator is flagging a moderate SELL on this pair. For a risk of 36 pips and a target of 146 pips - this looks a reasonable trade in the current thin...

theforexportal

With GBP strengthening across the board, this looks a banker SELL trade. With WS1 just below this will be a magnet for EUR/GBP BEARS. I'm LONG GBP/USD (already analysed and posted) and am looking to see a similar move in the opposite direction on this pair. WS1 will offer support but I'm targeting WS2 at .8640 so IO'm in at .8753 with a STOP at .8788 and a...

theforexportal

GBP is strengthening across the board this bank holiday Monday and GBPUSD LONG is looking good (i've already analysed this) and EURGBP looks a standout SHORT trade. My specialist indicator is strongly suggesting a SHORT/SELL trade on this pair with S1 resistance below which will be a target for BEARS. I think this level may go so I'm targeting .8640. I'm in at...

theforexportal

My specialist indicator is flagging this pair as a SHORT trade. With the Dollar Index under 100 and falling , USD SHORTS are worth exploring. On the daily chart the BEARS look to be well in control of this pair and with WS1 pivot below current price and under WPP Mid-Pivot, a run towards WS1 and the bottom of the shown channel is favourite. I'm in at .9448 (green...

theforexportal Updated 

EUR/AUD looks like its falling off a cliff. My indicators are telling me there's more downside to come. I'm in at 1.7432 with a STOP at 1.7798 and a TAKE PROFIT at 1.6557. I expect some big swings so a large STOP is necessary but I expect this trade to make progress quite quickly and I can get a B/E STOP before too long.

theforexportal

EUR under more pressure this morning and I'm in SELLING EUR/GBP at .8753. All my charts are flagging this a good thing. I've a STOP at .8805 and a TAKE PROFIT at .8592 which is just above the WS2 pivot.

theforexportal

EUR continue to come under pressure and all my indicators are flagging this as a SELL trade. I'm in at .8748 with a STOP at .8800 and a take profit at WS2 pivot at .8592

theforexportal

My indicators are suggesting we could be in the process of a BIG move south on this pair - potentially over 1200 pips. We already moved down 2000 pips from the last high back in the middle of May and I believe we could go lower. Maybe big swings though so I've taken a smaller position to accommodate a larger stop. In at 1.8052 STOP at 1.8317 and TAKE PROFIT at 1.7314

theforexportal

EUR looks weak across the board and my indicators are telling me we could see a long term move on EURNZD to much lower groud.

theforexportal

Higher time frames are moving into overbought territory and resistance at WR1 pivot suggests a move lower is brewing. I'm short with a mid sized position ($90,000 - $9 per pip) with a risk of 22 pips ($206) at .6039 and a take profit at 74 pips at .5941 for a gain of $672

theforexportal

The USD Index has retreated from recent highs and is weakening. This should support USD SHORTS.

theforexportal Updated 

As the BITCOIN plummets from its 20,000 peak we have to ask is this a major retrace or a collapse? We have no answers only opinions. The 200 day SMA on the Daily time frame comes in at 7890. If the BULLS are still interested then they are likely to come in here. I'll be watching this level and any signs of a bounce I may go long. With no technical history though...

theforexportal

BITCOIN plummets further from its 20,000 highs and is now fast approaching a make or break level. 7890 area is the 200 day simple moving average on the daily time frame. If we are to see a bounce in BITCOIN's fortunes it will surely come here or not at all. With no history - its a guess but if there are BITCOIN buyers out there then this could be where they enter...

theforexportal

FX:EURUSD EUR/USD remains in a 500 pip channel extending from 1.2093 down to 1.1548. T.D.I. (Traders Dynamic Index) on the higher time frames suggest we are moving lower and a re-test of the 1.1548 low is a possibility. As the 200 day simple moving average rises to meet the price, the more price is drawn to it. A projection of 200 sma meets the bottom of the...

theforexportal

I make use of the TDI indicator on my charts and look for when the price has extended through the lower or upper price bands and is turning either south (short trade) or north (long trade). Gold is sat nicely on a rising trend line and the TDI is favourable for a LONG trade. Gold has been under pressure for some weeks and although we can't rule out a move lower a...

theforexportal

Where is BITCOIN headed? Some of the forecast are suggesting that 10,000 might be just a dim and distant level looking back in a couple of years with the price heading to 100,000 and beyond. No-one knows of course and everyone has an option. Is it here to stay? Is it in a bubble? How far can it go from current levels? The answer to the first two questions is yes....