Forex Trading Strategies News
- FX Solutions Offers Traders Greater Flexibility With the MetaTrader 4 Trading Platform Tuesday, July 19, 2011 @ 6:37AMNEW YORK, July 19, 2011 /PRNewswire/ Online forex trading broker FX Solutions ( http://www.fxsolutions.com/) offers the MetaTrader 4 trading platform, giving traders a high level of flexibility and the ability to analyse the forex markets with …
http://www.wallstreet-online.de/nachricht/3197296-fx-solutions-offers-traders-greater-flexibility-with-the-metatrader-4-trading-platform
- EURUSD: Bounce Sought to Enter Short Tuesday, July 12, 2011 @ 11:18PMEURUSD broke below the psychologically critical 1.40 figure having pierced the underside of a Triangle chart formation carved out since late April.
http://www.dailyfx.com/forex/technical/candlesticks/eur-usd/2011/07/13/EURUSD_Bounce_Sought_to_Enter_Short.html
- USDCAD: Long Trade Triggered on Fib Break Tuesday, July 12, 2011 @ 8:33PMUSDCAD broke above resistance at 0.9668, the 23.6% Fibonacci extension level and a familiar pivot level that has acted as both significant support and resistance since early March.
http://www.dailyfx.com/forex/technical/candlesticks/usd-cad/2011/07/13/USDCAD_Long_Trade_Triggered_on_Fib_Break.html
- GBPUSD: Standstill Continues, Bias Bearish Friday, July 8, 2011 @ 4:33AMPositioning is little changed from last week, with prices wedged between Fibonacci extension resistance at 1.6120 and a familiar pivot at 1.5935. The break below medium-term trend line support in mid-June argues for a bearish bias but with prices squarely at support, entering short is unattractive from a risk/reward perspective.
http://www.dailyfx.com/forex/technical/candlesticks/gbp-usd/2011/07/08/GBPUSD_Standstill_Continues_Bias_Bearish.html
- EURUSD: Triangle Setup Argues for Gains Friday, July 8, 2011 @ 4:18AMEURUSD put in a bullish Hammer candlestick above support at 1.4281, the 50% Fibonacci extension level, hinting an upswing is ahead. Furthermore, prices are carving out a symmetric triangle formation, which is typically indicative of continuation.
http://www.dailyfx.com/forex/technical/candlesticks/eur-usd/2011/07/08/EURUSD_Triangle_Setup_Argues_for_Gains.html
- USDCAD: Rebound Cut Short Below 0.97 Friday, July 8, 2011 @ 4:18AMUSDCAD found support at 0.9586 – the 61.8% Fibonacci extension level – with a brief bounce cut short by a familiar pivot at 0.9667. Early signs of positive RSI divergence hint another attempt at a run higher may be in the works, but no confirmation is available at the moment, making entering long here premature.
http://www.dailyfx.com/forex/technical/candlesticks/usd-cad/2011/07/08/USDCAD_Rebound_Cut_Short_Below_0.97.html
- NZDUSD: Short Trade Stopped Above 0.83 Friday, July 8, 2011 @ 4:18AMWe sold NZDUSD at 0.8260 as prices put in a Bearish Engulfing candlestick below the 0.83 figure.
http://www.dailyfx.com/forex/technical/candlesticks/nzd-usd/2011/07/08/NZDUSD_Short_Trade_Stopped_Above_0.83.html
- AUDUSD: Setup Cautiously Bearish Sub-1.08 Friday, July 8, 2011 @ 4:11AMStrategy : Pending Short AUDUSD rebounded from support at 1.0695 the 23.6% Fibonacci retracement level but the bearish implications of near-term positioning established with the formation of a Dark Cloud Cover candlestick pattern at the beginning of the week remain intact absent a daily close above 1.0789. A compelling entry point is lacking however and we will stand aside for now. To discuss ...
http://biz.yahoo.com/fxcm/110708/1058998221.html?.v=1
- Fading the US Dollar Decline- USD/CAD Topside Scalp Tuesday, July 5, 2011 @ 3:48PMWith this week’s economic docket packed with key data and central bank rate decisions, we will attempt to remain rather quarantined form such event risk which could easily upset our scalp strategy.
http://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/scalping_report/2011/07/05/Fading_the_US_Dollar_Decline-_USDCAD_Topside_Scalp.html
- Stupid central banker tricks Tuesday, July 5, 2011 @ 1:43PMGreek debt crisis? What Greek debt crisis?
http://money.cnn.com/2011/07/05/markets/thebuzz/index.htm
- EURUSD: Looking to Sell Below 1.47 Level Friday, July 1, 2011 @ 7:18AMStrategy : Pending Short As we expected , EURUSD bounced higher after Greece voted to implement a new austerity plan , paving the way for additional EU/IMF aid. Prices are testing key resistance at 1.4553 the meeting point of a downward-sloping trend line set from the May 4 wick high and the 14.6% Fibonacci extension level and we will look for signs of reversal here to establish short ...
http://biz.yahoo.com/fxcm/110701/1198122686.html?.v=2
- AUDUSD: Near-Term Weakness Neutralized Friday, July 1, 2011 @ 7:04AMAUDUSD is stalling ahead of resistance at 1.0725, the 50% Fibonacci retracement of the 5/2-5/25 decline. The near-term down trend has been violated with a break above falling channel resistance but we continue to expect US Dollar strength ahead and will monitor the current upswing for signs of exhaustion to establish selling opportunities in the days ahead.
http://www.dailyfx.com/forex/technical/candlesticks/aud-usd/2011/07/01/AUDUSD_Near-Term_Weakness_Neutralized.html
- USDCAD: Sellers Stall at Fibonacci Barrier Friday, July 1, 2011 @ 7:04AMUSDCAD dropped to support at 0.9622 – the 61.8% Fibonacci retracement of the 5/2-6/27 ascent – having taken out the familiar barrier at 0.9667.The selloff appears to be showing signs of stalling but no concrete long entry signal has materialized.
http://www.dailyfx.com/forex/technical/candlesticks/usd-cad/2011/07/01/USDCAD_Sellers_Stall_at_Fibonacci_Barrier.html
- USDJPY: Trend Line Broken - Now What? Friday, July 1, 2011 @ 6:48AMUSDJPY has taken out falling trend line resistance and seems to be starting to establish an upward-bound trajectory. With that in mind, we suspect a bout of risk aversion is ahead , making us wary of selling the Japanese currency given its tendency to trade with safe-haven assets.
http://www.dailyfx.com/forex/technical/candlesticks/usd-jpy/2011/07/01/USDJPY_Trend_Line_Broken_-_Now_What.html
- GBPUSD: Down Move Stalls Near 1.60 Friday, July 1, 2011 @ 6:39AMStrategy : Pending Short As we suspected last week , prices found support at 1.5962 and bounced higher, finding initial resistance at the 23.6% Fibonacci retracement of the 5/31-6/28 decline (1.6081). Current positioning does not offer an attractive entry point and we will remain on the sidelines until something more compelling materializes. To discuss these strategies with other traders, please ...
http://biz.yahoo.com/fxcm/110701/576690268.html?.v=1
- NZDUSD: Double Top Forming Near 0.83? Friday, July 1, 2011 @ 6:33AMNZDUSD is retesting support-turned-resistance at a rising trend line set from the March 17 low, a level reinforced by the June 9 high at 0.8296. Signs of reversal have started to emerge, hinting a double top may be in the works, but confirmation is needed to make the setup actionable.
http://www.dailyfx.com/forex/technical/candlesticks/nzd-usd/2011/07/01/NZDUSD_Double_Top_Forming_Near_0.83.html
- Forex Flash: Big picture outlook Euro, Sterling, Yen - Brown Brothers Monday, June 27, 2011 @ 5:42PMFXstreet.com (Barcelona) - Mark Chandler, global head of currency strategy at Brown Brothers Harriman, remarks three important points investors should be taking into consideration on their
http://community.nasdaq.com/News/2011-06/forex-flash-big-picture-outlook-euro-sterling-yen-brown-brothers.aspx?storyid=82657
- USDJPY: Long Trade Trigger Identified Sunday, June 26, 2011 @ 9:48PMLast week we identified a bullish Inverted Hammer on the USDJPY weekly chart. The candle appeared just above the 80.00 figure, the bottom of the range that has confined prices since early October 2010, and we suggested confirmation was needed on a convincing bullish close to reinforce the signal.
http://www.dailyfx.com/forex/technical/candlesticks/usd-jpy/2011/06/27/USDJPY_Long_Trade_Trigger_Identified.html
- AUDUSD: Bears Meet Critical Fib Support Friday, June 24, 2011 @ 12:33AMAUDUSD continues to drift lower along support at the midline of a downward-sloping channel set from early May, with the bears positioned ahead of key support in the 1.0421-1.0488 region between the 61.8% and 50% Fibonacci extension levels, respectively.
http://www.dailyfx.com/forex/technical/candlesticks/aud-usd/2011/06/24/AUDUSD_Bears_Meet_Critical_Fib_Support.html
- EURUSD: Looking for Bounce to Short Friday, June 24, 2011 @ 12:31AMS TRATEGY : Pending Short EURUSD put in a bearish Dark Cloud Cover candlestick pattern below resistance at 1.4466 the 23.6% Fibonacci extension level and dropped through support at the 38.2% mark (1.4324). Current positioning does not offer an attractive entry point from a risk/reward perspective with the pair squarely between the 38.2% and 50% levels and we will look for either a pop higher ...
http://biz.yahoo.com/fxcm/110624/895012767.html?.v=1
- 3 Things Investors Must Know About the Gold Bull Market Wednesday, June 22, 2011 @ 11:02AMInvestors want to know whether the Gold (NYSE:GLD) rally can continue. I caught up with John Jagerson and Wade Hansen, authors of the new book All About Investing in Gold , to ask some of the most frequently asked questions about investing in Gold now …
http://www.kitco.com/ind/McWhinnie/jun222011.html
- Tradency's Mirror Trader Forex Trading Platform Now Available to Currenex Clients Tuesday, June 21, 2011 @ 9:19AMNEW YORK, June 21, 2011 /PRNewswire/ -- Tradency BVI, developer of the industry-leading foreign exchange trading platform Mirror Trader, has announced an alliance with Currenex, a wholly owned subsidiary of State Street Corporation, to make Tradency's Mirror Trader available to all Currenex clients without additional development costs. Mirror trading is a rapidly growing trend in the retail ...
http://www.redorbit.com/news/technology/2067547/tradencys_mirror_trader_forex_trading_platform_now_available_to_currenex/index.html?source=r_technology
- NZDUSD: Candles Hint Upswing Ahead Friday, June 17, 2011 @ 6:48AMNZDUSD put in a bullish Hammer candlestick above support at 0.8026 – the 50% Fibonacci retracement level – hinting an upswing is ahead.
http://www.dailyfx.com/forex/technical/candlesticks/nzd-usd/2011/06/17/NZDUSD_Candles_Hint_Upswing_Ahead.html
- USDCAD: Book Profits on Long Trade Friday, June 17, 2011 @ 6:33AMWe entered long USDCAD at 0.9735 last week. The pair tested through our soft target level at 0.9818 but upside momentum was cut short by Fibonacci expansion resistance at 0.9830, with an Inverted Hammer candlestick hinting a pullback is ahead. Negative RSI divergence also gives us cause for concern.
http://www.dailyfx.com/forex/technical/candlesticks/usd-cad/2011/06/17/USDCAD_Book_Profits_on_Long_Trade.html
- AUDUSD: Selling Opportunities Sought Friday, June 17, 2011 @ 6:27AMStrategy: Pending Short AUDUSD is bouncing from support at the midline of a downward-sloping channel set from early May eyeing resistance at the formations top (1.0695), a level reinforced by a Fibonacci barrier at 1.0747. We will look for the bounce to yield a selling opportunity to trade with the emerging down trend in the days ahead. To discuss these strategies with other traders, please ...
http://biz.yahoo.com/fxcm/110617/892961465.html?.v=1
- EURUSD: Bounce to Yield Sell Trade Friday, June 17, 2011 @ 4:58AMStrategy: Pending Short EURUSD put in a Hammer candlestick above Fibonacci expansion support at 1.4095, with prices edging through near-term resistance at 1.4209. Overall positioning remains overtly bearish and we will look for the upswing to produce a selling opportunity in the days ahead, with a break above current resistance exposing 1.4324. To discuss these strategies with other traders ...
http://biz.yahoo.com/fxcm/110617/1976164262.html?.v=1
- What’s the Story with False Breakouts? Wednesday, June 15, 2011 @ 9:48PMIn our live webinars in the Trading Room, one of the strategies that we cover is trading with the Donchian Channels…Price Channels.
http://www.dailyfx.com/forex/education/trading_tips/post_of_the_day/2011/06/16/Whats_the_Story_with_False_Breakouts.html
- Simple Moving Average vs Exponential Moving Average Monday, June 13, 2011 @ 5:18PMStudent’s Question: What’s the difference between a Simple Moving Average and an Exponential Moving Average? Thanks! Instructor’s Response: A Simple Moving Average (SMA) weights each candle and its corresponding closing data equally .
http://www.dailyfx.com/forex/education/trading_tips/post_of_the_day/2011/06/13/Simple_Moving_Average_vs_Exponential_Moving_Average.html
- Risk Correlated Currencies Most At Risk on Renewed Fears of Global Downturn Monday, June 13, 2011 @ 12:07AMA number of major negative developments over the past several days have forced global investors to seriously reconsider their portfolios and move towards more risk averse strategies…
http://biz.yahoo.com/fxcm/110613/814156592.html?.v=1
- EURUSD: Bulls Fail to Overcome 1.47 Friday, June 10, 2011 @ 6:03AMAs we suspected , EURUSD found resistance near the 1.47 figure and turned lower, with prices carving out a bearish Dark Cloud Cover candlestick pattern and testing through support at the 23.6% Fibonacci expansion level (1.4468). Unfortunately, positioning has not yielded at attractive entry point from a risk/reward perspective and we are relegated to the sidelines for the time being until a ...
http://www.dailyfx.com/forex/technical/candlesticks/eur-usd/2011/06/10/EURUSD_Bulls_Fail_to_Overcome_1.47.html
- USDCAD: Entered Long at Channel Support Thursday, June 9, 2011 @ 9:48PMAs we suspected , a bearish Inverted Hammer candlestick below support-turned-resistance at 0.9818 preceded a USDCAD pullback to support at the bottom of a rising channel set from the 5/2 swing low.
http://www.dailyfx.com/forex/technical/candlesticks/usd-cad/2011/06/10/USDCAD_Entered_Long_at_Channel_Support.html
- GBPUSD: Foothold Above 1.64 Reclaimed Sunday, June 5, 2011 @ 10:33PMGBPUSD found support at 1.6320, the 38.2% Fibonacci retracement of the 4/28-5/24 decline, and bounced higher to clear the 50% retracement level and thereby reclaim a foothold above the 1.64 figure.
http://www.dailyfx.com/forex/technical/candlesticks/gbp-usd/2011/06/06/GBPUSD_Foothold_Above_1.64_Reclaimed.html
- New Book by FXDD Chief Currency Strategist, Greg Michalowski Teaches Traders How to Successfully Attack Currency Trends Wednesday, June 1, 2011 @ 8:00AMFXDD, a leader in online forex trading, today announced chief currency strategist, Greg Michalowski's first book, Attacking Currency Trends: How to Anticipate and Trade Big Moves in the Forex Markets.
http://biz.yahoo.com/prnews/110601/ny11310.html?.v=1
- EURUSD: Bulls Take Out Channel Resistance Tuesday, May 31, 2011 @ 11:18PMAs we suspected , EURUSD bounced higher having put in a bullish Harami candlestick pattern above the 1.40 figure.
http://www.dailyfx.com/forex/technical/candlesticks/eur-usd/2011/06/01/EURUSD_Bulls_Take_Out_Channel_Resistance.html
- Leading Global Banks Goldman Sachs and BNP Paribas Join ADS Securities Platform as Prime Brokers Tuesday, May 31, 2011 @ 5:08AMABU DHABI: 31 May 2011 - ADS Securities, the Abu Dhabi-based brokerage and trade services provider, announced today that global banking leaders Goldman Sachs and BNP Paribas BNP Paribas will provide foreign exchange (FX) prime brokerage solutions on its trading platform.
http://www.zawya.com/story.cfm/sidZAWYA20110531095140/Leading_Global_Banks_Goldman_Sachs_and_BNP_Paribas_Join_ADS_Securities_Platform_as_Prime_Brokers
- GBPUSD: Rally Threatens Key 1.64 Level Friday, May 27, 2011 @ 2:04AMGBPUSD completed a bullish Three Inside Up candlestick pattern at rising trend line support connecting major lows since late January, taking out the top of a falling channel established from this month’s swing high as well as the 38.2% Fibonacci retracement of the 4/28-5/24 decline (1.6320). Current positioning doesn’t offer an actionable trading opportunity and we will remain on the sidelines ...
http://www.dailyfx.com/forex/technical/candlesticks/gbp-usd/2011/05/27/GBPUSD_Rally_Threatens_Key_1.64_Level.html
- NZDUSD: Bulls Challenge the 0.82 Figure Friday, May 27, 2011 @ 12:03AMNZDUSD put in a Bullish Engulfing candlestick above support at the 0.78 figure and bounced higher, meeting resistance at the 123.6% Fibonacci extension of the drop from the November 2010 high at 0.8179. Overall positioning appears to favor the downside, with prices showing the outlines of a bearish Rising Wedge chart formation coupled with negative RSI divergence.
http://www.dailyfx.com/forex/technical/candlesticks/nzd-usd/2011/05/27/NZDUSD_Bulls_Challenge_the_0.82_Figure.html
- USDCAD: Enter Long on Trend Line Break Thursday, May 26, 2011 @ 10:18PMUSDCAD carved out a n inverted Head and Shoulders bullish reversal chart pattern and t ook out the formation’s neckline at 0.96 67 to stall ahead of trend line resistance set from November . We will look for confirmation on a daily close above said trend line to enter long.
http://www.dailyfx.com/forex/technical/candlesticks/usd-cad/2011/05/27/USDCAD_Enter_Long_on_Trend_Line_Break.html
- USDJPY: Stay Long Through Pullback Thursday, May 26, 2011 @ 8:48PMWe initially entered long USDJPY at 81.09 and revised our stop-loss and target higher after prices met their initial objective.
http://www.dailyfx.com/forex/technical/candlesticks/usd-jpy/2011/05/27/USDJPY_Stay_Long_Through_Pullback.html
- Guest Commentary: Dollar Index On the Technical Cusp Thursday, May 26, 2011 @ 1:48PMYesterday the dollar index was pushing at it's downtrend resistance level; it has pulled back today in early trading. The trendline currently crosses at very close to 77, the index currently trades at 75.73, down from 76.01 close yesterday.
http://www.dailyfx.com/forex/technical/article/guest_commentary/2011/05/26/guest_commentary_dollar_index_on_technical_cusp.html
- Guest Commentary: Developing Excellence in Trading through Deep Practice Wednesday, May 25, 2011 @ 10:18PMMany traders may believe that the reason success eludes them is due to their natural talents. They may think that their level of intelligence is not quite adequate, or their personality makeup, perceptual ability, temperament or other inborn traits are somehow lacking.
http://www.dailyfx.com/forex/fundamental/article/guest_commentary/2011/05/26/Guest_Commentary_Developing_Excellence_In_Trading.html
- Guest Commentary: Forex Chart Patterns Currently In Play Wednesday, May 25, 2011 @ 2:33PMIt has been a while since I posted on chart patterns. So here are a couple chart patterns in the forex market which can be watched and may provide good trading opportunities. I have elaborated on each to make it informative and educational as well. My own notes and thoughts are included for each.
http://www.dailyfx.com/forex/fundamental/article/guest_commentary/2011/05/25/Guest_Commentary_Forex_Chart_Patterns_Currently_In_Play.html
- Harmonic Patterns In The Currency Markets Wednesday, May 25, 2011 @ 2:32PMLearn how to take geometric price patterns to the next level by using Fibonacci numbers to predict movements in the forex market.
http://biz.yahoo.com/investopedia/110525/6443.html?.v=1
- FXIT Engages BUYINS.NET to Monitor Market Maker’s Compliance with SEC’s Fair Market-Making Requirements Tuesday, May 24, 2011 @ 10:58AMNEW YORK--(BUSINESS WIRE)--FXIT (OTCBB: FXIT) (OTCQB: FXIT), a leading online provider of foreign exchange, or FX, trading and related services, announced today that the company has engaged BUYINS.NET to monitor compliance with SEC’s Fair Market-Making Requirements. Recent activity in the stock has prompted the company on behalf of shareholders to look into potential violations of FINRA’s Fair ...
http://www.businesswire.com/news/home/20110524006596/en/FXIT-Engages-BUYINS.NET-Monitor-Market-Maker%E2%80%99s-Compliance
- FXIT Engages BUYINS.NET to Monitor Market Makers Compliance with SECs Fair Market-Making Requirements Tuesday, May 24, 2011 @ 10:58AMFXIT (OTCBB: FXIT) (OTCQB: FXIT), a leading online provider of foreign exchange, or FX, trading and related services, announced today that ...
http://www.finanzen.net/nachricht/FXIT-Engages-BUYINS-NET-to-Monitor-Market-Maker-s-Compliance-with-SEC-s-Fair-Market-Making-Requirements-1139375
- GAIN Capital Launches GTX Direct, an FX Prime Brokerage Service for Professional Traders Monday, May 23, 2011 @ 6:10AMBEDMINSTER, New Jersey, May 23, 2011 /PRNewswire/ GAIN Capital Holdings, Inc. , a global provider of online trading services, announced today the launch of GTX Direct, the new prime brokerage service offering for its electronic …
http://www.wallstreet-online.de/nachricht/3157288-gain-capital-launches-gtx-direct-an-fx-prime-brokerage-service-for-professional-traders
- FOREX-Euro slumps vs dollar on negative Greece news Friday, May 20, 2011 @ 1:43PM* Fitch downgrades Greece rating * Norway suspends grant payment to Greece * Euro/Swiss franc down; Hungary fixes franc rate (Updates prices, adds quotes, changes byline) NEW YORK, May 20 (Reuters) - The ...
http://uk.finance.yahoo.com/news/FOREX-Euro-slumps-vs-dollar-targetukfocus-703132686.html?x=0
- USDCAD: Head and Shoulders Confirmed Thursday, May 19, 2011 @ 4:41AMUSDCAD has carved out a clear-cut Head and Shoulders Bottom bullish reversal chart pattern, taking out the formation’s neckline at 0.9682 and pushing higher through the first layer of falling trend line resistance set from late December 2010. Prices stalled and pulled back from a longer trend line dating back a month prior to November, but an Inverted Hammer candlestick hints the bulls are ready ...
http://www.dailyfx.com/forex/technical/candlesticks/usd-cad/2011/05/19/USDCAD_Head_and_Shoulders_Confirmed.html
- GBPUSD: Short on Wedge Support Break Thursday, May 19, 2011 @ 4:12AMGBPUSD completed a Bearish Engulfing candlestick pattern belo w familiar resistance at 1.6744 and sank to support at the bottom of a Rising Wedge chart pattern car ved out over the past 12 months.
http://www.dailyfx.com/forex/technical/candlesticks/gbp-usd/2011/05/19/GBPUSD_Short_on_Wedge_Support_Break.html
- NZDUSD: Bulls Meet Channel Resistance Wednesday, May 18, 2011 @ 10:11PMNZDUSD found support at the 0.78 figure – a former resistance bolstered by the bottom of a falling channel – and bounced higher completing a bullish Three Inside Up candlestick pattern.
http://www.dailyfx.com/forex/technical/candlesticks/nzd-usd/2011/05/19/NZDUSD_Bulls_Meet_Channel_Resistance.html
