Considering the pip range, I never trade EURCHF and EURGBP, they might be profitable though. I’d rather trade yen pairs such as CHFJPY, AUDJPY.
Hello Traders,
Forex Signals & Analysis for 16th April 2012:
Short Term Signals:
Usd/Chf Buy at 0.9105/10 then 0.9065/70 then 0.9025/30, sell at 0.9240/45 then 0.9260/65 then 0.9325/30
Usd/Jpy Buy at 80.65/70 then 80.55/60 then 80.35/40, sell at 81.20/25 then 81.35/40 then 81.50/55
Euro/Usd Buy at 1.3010/15 then 1.2980/85 then 1.2895/00, sell at 1.3190/95 then 1.3245/50 then 1.3290/95
Gbp/Usd Buy at 1.5780/85 then 1.5755/60 then 1.5670/75, sell at 1.5955/60 then 1.6010/15 then 1.6055/60
Medium Term Daily Analysis:
Usd/Chf This pair is on uptrend, retracement at 0.9170/80, as swing buy with Tp1 High at 0.9240/45 Tp2 0.9260/65 Tp3 0.9325/30 while as breakout sell at 0.9170/80 with Tp1 0.9105/10 Tp2 0.9065/70 Tp3 0.9025/30
Usd/Jpy This pair is on downtrend, retracement at 80.95/00, as swing sell with Tp1 80.65/70 Tp2 80.65/70 Tp3 low at 80.35/40 while as breakout buy with Tp1 81.20/25 Tp2 81.35/40 Tp3 81.50/55
Euro/Usd This pair is on downtrend, retracement at 1.3100/10, as swing sell with Tp1 1.3010/15 Tp2 1.2980/85 Tp3 1.2895/00 while as breakout buy at 1.3100/10 with Tp1 1.3190/95 Tp2 1.3245/50 Tp3 1.3290/95
Gbp/Usd This pair is on downtrend, retracement at 1.5880/90, as swing sell with Tp1 low at 1.5780/85 Tp2 1.5755/60 Tp3 1.5670/75 while as breakout buy at 1.5880/90 with Tp1 1.5955/60 Tp2 1.6010/15 Tp3 1.6055/60
Euro/Gbp This pair is on downtrend, retracement at 0.8245/50, as swing sell with Tp1 0.8220/25 Tp2 low at 0.8200/10 Tp3 0.8185/90 while as breakout buy at 0.8245/50 with Tp1 0.8275/80 Tp2 0.8285/90 Tp3 0.8305/10
Usd/Cad This pair is moving sideways with uptrend basis, buy at 0.9980/85 with Tp1 1.0025/30 Tp2 High at 1.0040/45 Tp3 1.0085/90 while sell at 0.9970/75 with Tp1 0.9930/35 Tp2 0.9900/05 Tp3 low at 0.9880/85
Aud/Usd This pair is on uptrend basis, retracement at 1.0360/70, as swing buy with Tp1 1.0450/55 Tp2 1.0485/90 Tp3 1.0525/30 while as breakout sell at 1.0360/70 with Tp1 1.0320/25 Tp2 1.0295/00 Tp3 1.0235/40
Nzd/Usd This pair is on uptrend basis, retracement at 0.8230/35, as swing sell with Tp1 0.8305/10 Tp2 0.8345/50 Tp3 0.8380/85 while as breakout sell at 0.8230/35 with Tp1 0.8180/85 Tp2 0.8165/70 Tp3 0.8100/05
Euro/Chf This pair is moving sideways, buy at 1.2020 with Tp1 1.2030/35 Tp2 1.2040 Tp3 1.2045/50 while sell at 1.2020 with Tp1 1.2005/10 Tp2 1.2000/05 Tp3 1.1995/00
Gbp/Chf This pair is on uptrend, retracement at 1.4570/75, as swing buy with Tp1 High at 1.4615/25 Tp2 1.4640/45 Tp3 1.4675/80 while as breakout sell at 1.4570/75 with Tp1 1.4515/20 Tp2 1.4490/95 Tp3 1.4450/55
Euro/Jpy This pair is on downtrend, retracement at 106.10/20, as swing sell with Tp1 105.10/15 Tp2 low at 104.75/85 Tp3 103.95/00 while as breakout buy at 106.10/20 with Tp1 107.00/05 Tp2 107.55/60 Tp3 108.05/10
Gbp/Jpy This pair is on downtrend, retracement at 128.60/70, as swing sell with Tp1 low at 127.45/50 Tp2 127.15/20 Tp3 126.20/25 while as breakout sell at 128.60/70 with Tp1 129.45/50 Tp2 130.05/10 Tp3 130.60/65
Gold is on downtrend, retracement at 1656/57, as swing sell with TP1 1640/41 TP2 1632/33 TP3 1616/17, while as breakout buy at 1656/57 with TP1 1679/80 TP2 1690/91 TP3 1702/03
Oil is on downtrend retracement at 102.80/85, as swing sell with TP1 102.10/15 TP2 101.75/80 TP3 100.95/00 TP4 low at 100.30/35 while as breeakout buy at 102.80/85 with TP1 103.85/90 TP2 104.40/45 TP3 104.90/95
We have an Important News Release today for the Dollar Currency:
- US Core Retail Sales & Retail Sales: Buy Usd/Chf & Usd/Jpy if 0.8% or above for the first or/& 0.6% or above for the second while Buy Euro/Usd & Gbp/Usd if 0.4% or less for the first or/& 0.2% or less for the second
Have A Great Trading Day
How about signal for EUR/CAD?.. 
The EUR/USD pair fell hard during the session on Friday as Spanish bond yields spiked yet again. The cost of insuring those bonds is also rising, and as a result people are dumping the Euro.
However, the 1.30 level just below is massive support, and we need to see it broken on the downside with a daily close under it in order to sell at this point.
Me:
EUR/USD
GBP/USD
USD/CHF
USD/CAD
GOLD
Hello Traders,
Forex Signals & Analysis for 17th April 2012:
Short Term Signals:
Usd/Chf Buy at 0.9090/95 then 0.9065/70 then 0.8990/95, sell at 0.9240/45 then 0.9285/90 then 0.9325/30
Usd/Jpy Buy at 80.00/05 then 79.85/90 then 79.40/45, sell at 80.95/00 then 81.25/30 then 81.50/55
Euro/Usd Buy at 1.3005/10 then 1.2940/45 then 1.2885/90, sell at 1.3210/15 then 1.3245/50 then 1.3345/50
Gbp/Usd Buy at 1.5820/25 then 1.5780/85 then 1.5745/50, sell at 1.5945/50 then 1.5965/70 then 1.6025/30
Medium Term Daily Signals:
Usd/Chf This pair is mixed with uptrend basis, sell at 0.9155/65 with Tp1 0.9090/95 Tp2 0.9065/70 Tp3 0.8990/95 while buy at 0.9155/65 with Tp1 0.9240/45 Tp2 0.9285/90 Tp3 0.9325/30
Usd/Jpy This pair is on downtrend, retracement at 80.65/70, as swing sell with Tp1 low at 80.00/05 Tp2 79.85/90 Tp3 79.40/45 while as breakout buy with Tp1 80.95/00 Tp2 81.25/30 Tp3 81.50/55
Euro/Usd This pair is mixed with downtrend basis, buy at 1.3110/20 with Tp1 1.3210/15 Tp2 1.3245/50 Tp3 1.3345/50 while sell at 1.3110/20 with Tp1 low at 1.3005/10 Tp2 1.2940/45 Tp3 1.2885/90
Gbp/Usd This pair is mixed with downtrend basis, buy at 1.5880/90 with Tp1 1.5945/50 Tp2 1.5965/70 Tp3 1.6025/30 while sell at 1.5880/90 with Tp1 1.5820/25 Tp2 low at 1.5780/85 Tp3 1.5745/50
Euro/Gbp This pair is moving sideways, buy at 0.8250/55 with Tp1 0.8290/95 Tp2 0.8305/10 Tp3 0.8345/50 while sell at 0.8250/55 with Tp1 0.8210/15 Tp2 0.8185/90 Tp3 0.8165/70
Usd/Cad This pair is on uptrend, retracement at 0.9980/90, as swing buy with Tp1 High at 1.0035/45 Tp2 1.0055/60 Tp3 1.0080/85 while as breakout sell at 0.9980/90 with Tp1 0.9955/60 Tp2 0.9940/45 Tp3 0.9905/10
Aud/Usd This pair is mixed with uptrend basis, retracement at 1.0325/35, as swing buy with Tp1 1.0395/00 Tp2 1.0415/20 Tp3 1.0450/55 while as breakout sell at 1.0325/35 with Tp1 1.0300/05 Tp2 1.0275/80 Tp3 low at 1.0245/50
Nzd/Usd This pair is mixed, Buy at 0.8200/10 with Tp1 0.8255/60 Tp2 0.8280/85 Tp3 0.8315/20 while sell at 0.8190/00 with Tp1 0.8145/50 Tp2 0.8125/30 Tp3 0.8080/85
Euro/Chf This pair is moving sideways, Buy at 1.2020 with Tp1 1.2025/30 Tp2 1.2035/40 Tp3 1.2055/60 while sell at 1.2020 with Tp1 1.2005/10 Tp2 low at 1.1995/00
Gbp/Chf This pair is trying to base on downtrend, if bases below retracement at 1.4555/60, as swing sell with Tp1 1.4480/85 Tp2 1.4455/60 Tp3 1.4385/90 while as breakout buy at 1.4555/60 with Tp1 1.4635/40 Tp2 1.4680/85 Tp3 1.4720/25
Euro/Jpy This pair is on downtrend, retracement at 105.80/90, as swing sell with Tp1 low at 104.55/65 Tp2 104.15/20 Tp3 103.70/75 while as breakout buy at 105.80/90 with Tp1 106.25/30 Tp2 106.55/60 Tp3 107.30/35
Gbp/Jpy This pair is on downtrend, retracement at 128.15/25, as swing sell with Tp1 low at 126.90/00 Tp2 126.50/55 Tp3 125.90/00 while as breakout buy at 128.15/25 with Tp1 128.60/65 Tp2 129.00/05 Tp3 129.65/70
Gold is mixed with downtrend basis, sell at 1654/55 with Tp1 1639/40 Tp2 1633/34 Tp3 low at 1625/26 buy at 1654/55 with Tp1 1661/62 Tp2 1666/67 Tp3 1675/76
Oil is mixed, buy at 102.75/85 with Tp1 103.90/95 Tp2 104.35/40 Tp3 105.30/35 while sell at 101.80/85 Tp2 101.10/15 Tp3 100.55/60
We have Important News Releases for the Aussie, Sterling, Euro, Dollar, & Loonie Currency:
-
Aud Monetary Policy Minutes: Buy Aud/Usd if statement of meeting minutes is Hawkish while sell if Dovish statement
-
UK CPI: Buy Gbp/Usd id 3.7% or more while sell if 3.3% or below
-
Euro German Economic Sentiment: Buy Euro/Usd if 22 or better while sell if 15 or worse
-
US Building Permits: Buy Usd/Chf & Usd/Jpy if 0.72M or better while Buy Euro/Usd & Gbp/Usd if 0.69M or worse
-
CAD BOC Rate Decision & Statement: Buy Usd/Cad if cut to 0.75% or/& statement is Dovish while sell if raised to 1.25% or/& statement is Hawkish
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 18th April 2012:
Short Term Signals:
Usd/Chf Buy at 0.9110/15 then 0.9090/95 then 0.9065/70, sell at 0.9190/95 then 0.9205/10 then 0.9235/40
Usd/Jpy Buy at 80.30/35 then 80.10/15 then 79.85/90, sell at 81.10/15 then 81.25/30 then 81.65/70
Euro/Usd Buy at 1.3070/75 then 1.3045/50 then 1.3000/05, sell at 1.3180/85 then 1.3210/15 then 1.3250/55
Gbp/Usd Buy at 1.5845/50 then 1.5805/10 then 1.5755/60, sell at 1.5990/95 then 1.6025/30 then 1.6080/85
Medium Term Daily Analysis:
Usd/Chf This pair is moving sideways, Buy at 0.9155/65 with Tp1 0.9190/95 Tp2 0.9205/10 Tp3 0.9235/40 while sell at 0.9155/65 with Tp1 0.9110/15 Tp2 0.9090/95 Tp3 0.9065/70
Usd/Jpy This pair is on downtrend, retracement at 81.05/10, as swing sell with Tp1 80.30/35 Tp2 low at 80.10/15 Tp3 79.85/90 while as breakout buy at 81.05/10 with Tp1 81.25/30 Tp2 81.65/70 Tp3 81.85/90
Euro/Usd This pair is moving sideways, Buy at 1.3110/20 with Tp1 1.3180/85 Tp2 1.3210/15 Tp3 1.3250/55 while sell at 1.3110/20 with Tp1 1.3070/75 Tp2 1.3045/50 Tp3 low at 1.2995/05
Gbp/Usd This pair is moving sideways, Buy at 1.5900/10 with Tp1 1.5990/95 Tp2 High at 1.6020/30 Tp3 1.6080/85 while sell at 1.5890/00 with Tp1 1.5845/50 Tp2 1.5805/10 Tp3 1.5755/60
Euro/Gbp This pair is on downtrend, retracement at 0.8245/50, as swing sell with Tp1 0.8220/25 Tp2 0.8210/15 Tp3 low at 0.8190/95 while as breakout buy at 0.8245/50 with Tp1 0.8265/70 Tp2 0.8275/80 Tp3 0.8290/95
Usd/Cad This pair is on downtrend after forming a reversal yesterday by Hawkish BOC News release statement, today crucial news awaited too, retracement at 0.9935/45, as swing sell with Tp1 low at 0.9875/80 Tp2 0.9815/20 Tp3 0.9775/80 Tp4 0.9690/95 while as breakout buy at 0.9935/45 with Tp1 1.0015/20 Tp2 1.0070/75 Tp3 1.0130/35
Aud/Usd This pair is on uptrend, retracement at 1.0365/75, as swing buy with Tp1 1.0450/55 Tp2 1.0480/85 Tp3 1.0545/50 while as breakout sell at 1.0365/75 with Tp1 1.0295/00 Tp2 1.0255/60 Tp3 1.0205/10
Nzd/Usd This pair is on uptrend basis, retracement at 0.8200/10, as swing buy with Tp1 High at 0.8255/65 Tp2 0.8280/85 Tp3 0.8325/30 while as breakout sell at 0.8200/10 with Tp1 0.8140/45 Tp2 0.8110/15 Tp3 0.8070/75
Euro/Chf This pair is movign sideways, buy at 1.2020 with Tp1 1.2030/35 Tp2 1.2050/55 while sell at 1.2020 with Tp1 1.2005/10 Tp2 low at 1.1995/00
Gbp/Chf This pair is moving sideways with uptrend basis, retracement at 1.4560/70, as swing buy with Tp1 1.4610/15 Tp2 High at 1.4630/40 Tp3 1.4660/65 while as breakout sell at 1.4560/70 with Tp1 1.4525/30 Tp2 1.4505/10 Tp3 1.4480/85
Euro/Jpy This pair is on downtrend, retracement at 106.30/40, as swing sell with Tp1 105.25/30 Tp2 104.85/90 Tp3 low at 104.40/45 while as breakout buy at 106.30/40 with Tp1 106.65/70 Tp2 106.90/95 Tp3 107.50/55
Gbp/Jpy This pair is on downtrend, retracement at 128.80/90, as swing sell with Tp1 127.55/60 Tp2 low at 127.00/10 Tp3 126.45/50 while as breakout buy at 128.80/90 with Tp1 129.45/50 Tp2 129.80/85 Tp3 130.65/70
Gold is mixed with downtrend basis, retracement at 1652/53, as swing sell with Tp1 1632/33 Tp2 low at 1624/25 Tp3 1614/15 while as breakout buy at 1652/53 with Tp1 1663/64 Tp2 1669/70 Tp3 1682/83
Oil is on uptrend, retracement at 103.65/70, as swing buy with Tp1 105.70/75 Tp2 106.40/45 Tp3 107.75/80 while as breakout sell at 103.65/70 with Tp1 102.40/45 Tp2 101.50/55 Tp3 low at 100.50/60
We have Important News Releases today for the Sterling & Loonie Currency:
-
UK Claimant Count Change: Buy Gbp/Usd if 4K or below while sell if 8K or more
-
UK MPC Meeting Minutes: Buy Gbp/Usd if 2 Vote for Hike while sell if 2 Vote for QE
-
CAD BOC Monetary Policy & Press Conference: Buy Usd/Cad if report or/& BOC Governor Mark Carney talks are Dovish while sell if report or/& Carney talks are Hawkish.
Have A Great Trading Day
Hi FM,
There are ample of trading opportunities & making profits with your signals but in between I come across a couple of times, news releases which makes me a bit nervous to continue or put a trade. Can you please advise on some best principles on how to trade news releases. This happened today in the case of GBP news release which caused a lot of Market movement but I could not take up those trades. More over my broker is AvaFX who is a market maker. I have read a lot of articles that when we trade during news release spreads widen & too much slippage is there & I shall not be able to enter trade with exact pricing & some brokers do manipulate pricing,
Please guide me on this,
Regards,
Krishna
So many times, if you are subscribed to FxStreet and Bloomberg news, you will see the line “Despite the … pair moved in the opposite direction”,…Maybe FMM could point us to what FX Calendar he uses and in what way in order to best suit his method?!
thx!
Hello Traders,
Forex Signals & Analysis for 19th April 2012:
Short Term Signals:
Usd/Chf Buy at 0.9120/25 then 0.9100/05 then 0.9060/65, sell at 0.9210/15 then 0.9235/40 then 0.9260/65
Usd/Jpy Buy at 80.70/75 then 80.45/50 then 80.10/15, sell at 81.70/75 then 81.90/95 then 82.30/35
Euro/Usd Buy at 1.3050/55 then 1.3020/25 then 1.2985/90, sell at 1.3165/70 then 1.3185/90 then 1.3235/40
Gbp/Usd Buy at 1.5895/00 then 1.5835/40 then 1.5780/85, sell at 1.6095/00 then 1.6130/35 then 1.6225/30
Medium Term Daily Analysis:
Usd/Chf This pair is moving sideways, Buy at 0.9155/65 with Tp1 0.9210/15 Tp2 0.9235/40 Tp3 0.9260/65 while sell at 0.9155/65 with Tp1 0.9120/25 Tp2 0.9100/05 Tp3 0.9060/65
Usd/Jpy This pair is trying to form a reversal move basing on uptrend, above retracement at 81.05/10, as swing buy with Tp1 81.70/75 Tp2 81.90/95 Tp3 82.30/35 while as breakout sell at 81.00/05 with Tp1 80.70/75 Tp2 80.45/50 Tp3 low at 80.10/15
Euro/Usd This pair is moving sideways, buy at 1.3125/30 with Tp1 1.3165/70 Tp2 1.3185/90 Tp3 1.3235/40 while sell at 1.3110/15 with Tp1 1.3050/55 Tp2 1.3020/25 Tp3 low at 1.2985/90
Gbp/Usd This pair is on uptrend, retracement at 1.5965/75, as swing buy with Tp1 High at 1.6040/50 Tp2 1.6095/00 Tp3 1.6130/35 Tp4 1.6225/30 while as breakout sell at 1.5965/75 with Tp1 1.5895/00 Tp2 1.5835/40 Tp3 low at 1.5780/85
Euro/Gbp This pair is on downtrend, retracement at 0.8210/15, as swing sell with Tp1 low at 0.8170/75 Tp2 0.8145/50 Tp3 0.8130/35 Tp4 0.8090/95 while as breakout buy at 0.8210/15 with Tp1 0.8245/50 Tp2 0.8270/75 Tp3 0.8300/05
Usd/Cad This pair is on downtrend, retracement at 0.9925/35, as swing sell with Tp1 low at 0.9870/80 Tp2 0.9860/65 Tp3 0.9845/50 while as breakout buy at 0.9925/35 with Tp1 0.9945/50 Tp2 0.9970/75 Tp3 0.9995/00
Aud/Usd This pair is on uptrend basis, retracement at 1.0340/50, as swing buy with Tp1 1.0415/20 Tp2 1.0440/45 Tp3 1.0470/75 while as breakout sell at 1.0340/50 with Tp1 1.0310/15 Tp2 1.0295/00 Tp3 low at 1.0250/55
Nzd/Usd This pair is on downtrend basis, retracement at 0.8180/90, as swing sell with Tp1 low at 0.8110/20 Tp2 0.8095/00 Tp3 0.8045/50 while as breakout buy at 0.8180/90 with Tp1 0.8225/30 Tp2 0.8255/60 Tp3 0.8285/90
Euro/Chf This pair is moving sideways, buy at 1.2020/25 with Tp1 1.2030/35 Tp2 1.2040/45 Tp3 1.2050/55 while sell at 1.2020/25 with Tp1 1.2005/10 Tp2 1.1995/00
Gbp/Chf This pair is on uptrend, retracement at 1.4625/35, as swing buy with Tp1 1.4755/60 Tp2 High at 1.4790/95 Tp3 1.4875/80 while as breakout sell at 1.4625/35 with Tp1 1.4555/60 Tp2 1.4505/10 Tp3 1.4440/45
Euro/Jpy This pair is trying to base on uptrend, above retracement at 106.25/35, as swing buy with Tp1 107.05/10 Tp2 107.30/35 Tp3 107.75/80, while as breakout sell at 106.25/35 with Tp1 106.00/05 Tp2 105.70/75 Tp3 105.35/40
Gbp/Jpy This pair is on uptrend basis, retracement at 129.45/55, as swing buy with Tp1 131.05/10 Tp2 131.45/50 Tp3 132.55/60 while as breakout sell at 129.45/55 with Tp1 128.70/75 Tp2 128.00/05 Tp3 127.35/40
Gold is on downtrend, retracement at 1645/46, as swing sell with Tp1 1632/33 Tp2 1628/29 Tp3 low at 1622/23 Tp4 1618/19 while as breakout buy at 1645/46 with Tp1 1654/55 Tp2 1661/62 Tp3 1668/69
Oil is moving sideways, sell at 102.80/85 with Tp1 101.40/45 Tp2 100.75/80 Tp3 low at 100.45/50 Tp4 99.40/45 while buy at 103.00/05 with Tp1 104.55/60 Tp2 105.45/50 Tp3 106.40/45
We have Important News Releases today for the Dollar Currency:
-
US Unemployment Claims: Buy Usd/Chf & Usd/Jpy if 355K or lower while Buy Euro/Usd & Gbp/Usd if 385K or higher
-
US Existing Home Sales & Phily Index: Buy Usd/Chf & Usd/Jpy if 4.65M or better for the first or/& if 13 or better for the second while Buy Euro/Usd & Gbp/Usd if 4.58M or worse for the first or/& 10 or worse for the second
** Also, Keep Focus at Euro Spain 10 Year Bond Auction that will surely effect the Euro Currency and basically the Euro/Usd pair, besides G-20 Meetings that will start as first day is today.
Have A Great Trading Day
Hi Krishna,
Having an account with brokers as market makers who widen the spread too much during news releases makes trading at that time too difficult especially that some keep spreads too wide for few minutes after news release so the whole story would have finished by time they return spreads to normal while others(Good Brokers with no price manipulation at time of news release ) will little bit widen spreads few seconds before and after news releases. Here you can trade news releases in a good way without being effected by wide spreads.
Particularly as example of UK news releases, Thomson Reuters clients receive numbers around 2 minutes earlier, so you realize sometimes that before actual time of certain news releases market price started to move in good pips.
As a brief to how to trade news releases is Good numbers feed or program…, trade the retracement of the first spike as after market react to the news release number, by that short time whatever your reader of news is to know the news release number if Bloomberg or CNBC or Fxstreet or any reputabe forex sites or you’re a Thomson Reuters or other company client, you quickly match my and actual market numbers then after the first spike, price will retrace some good pips, there is when to enter a trade.
Besides, it’s necessary for such method to have resistance and support lines drawn as my daily analysis retracement & TP targets and short signals(for majors) so you know where market price might stop advancing or retreating and if price base above first line then where it is going but possibly to next line or target…
Try to trade such news releases at your broker demo account to have a feeling and experience in such situation and only after that you might be able to start trading live in such market conditions…
Also, you must be sure at first that you can trade news releases with your broker(if widens spreads too much and for what period of time after numbers come out).
If you see the news release trading too difficult then simply to not trade it, wait for market reaction of such releases and trade accordingly afterwards relying on my Daily Signals & Analysis.
Best Luck
Hi Konan,
What do you mean by “moved in opposite direction” ? About FX Calender I use, you can find the FX Calender for a full month and quarter at any Good Forex Website or even broker, it’s no secret but available for all Traders.
About the method, Read the above post of reply to Krishna…
*** Remember Traders that tomorrow will be last day to leave a comment about what pairs from the 12 current forex pairs you see as not mostly traded(to be removed) and what new pairs as replacement you’ll like to have as daily analysis…
Good Luck to all
Hai FMM,
In my opinion we can remove EUR/CHF and EUR/GBP. Because First mentioned pair is a dead pair manipulated by SNB and the later one has a very tight daily movement.
My opinions is we can remove those two from our list and add EUR/AUD and CAD/JPY or EUR/CAD and AUD/JPY.
Salim
Just one example of such contradictions in this market was yesterday under the title “Aud/Usd up despite Leading Index” by FxStreet.com…Too many of those “despite the news” news , lol. And, in “opposite direction”, ofcourse, means in other direction then expected, long instead of short or vice versa.
This is also why I asked you, in a way, do you heed news when trading and in which extent.
Thank you sir for your patience, have a good trading day!
Hi FMM,
you can remove EUR/CHF and EUR/GBP.
I would try EUR/JPY.
Traderharry
Hi FMM,
I’m actually happy with how it is.
Thanks and take care,
Canialegui
Well, I understand that…lol but going too deep into why this pair/currency or that moved in this way not that due to a certain crucial news release will leave you with lot of headache because nobody can guarantee that this pair or currency will power or weaken since the news number came out as good or bad as expected or not because other factors can influence pair direction and currency strength too.
Not all traders read the news numbers the same way, even if before the news release it can be said that this number is good to buy while other is to sell but at news release time everything can change as the reading can be manipulated like “number is good but it may effect on the other hand growth or inflation…”
You understand the idea Konan.
And, never underestimate the correlation formula that can highly effect too as when Euro/Usd is falling, it will surely effect Gbp/Usd movement as correcting itself to fall if not as Euro/Usd but to some good degree to keep on correlating correctly.
Certainly, there are exceptions(this is why Euro/Gbp moves higher or lower) but sooner or later one of both must correct it self back to the equation…
Fundamentals are with no doubt very important in trading and any trader must keep focus at but never addict to it only or think that it’s the only way to trading right because when fundamentals look contradicting then technically there’s something going on, so both walk together…
Hello Traders,
Forex Signals & Analysis for 20th April 2012:
Short Term Signals:
Usd/Chf Buy at 0.9105/10 then 0.9085/90 then 0.9050/55, sell at 0.9200/05 then 0.9225/30 then 0.9255/60
Usd/Jpy Buy at 81.10/15 then 80.90/95 then 80.65/70, sell at 81.90/95 then 82.05/10 then 82.35/40
Euro/Usd Buy at 1.3060/65 then 1.3025/30 then 1.2985/90, sell at 1.3190/95 then 1.3215/20 then 1.3270/75
Gbp/Usd Buy at 1.6000/05 then 1.5975/80 then 1.5945/50, sell at 1.6090/95 then 1.6110/15 then 1.6150/55
Medium Term Daily Analysis:
Usd/Chf This pair is moving sideways, Buy at 0.9155/65 with Tp1 0.9200/05 Tp2 0.9225/30 Tp3 0.9255/60 while sell at 0.9155/65 with Tp1 0.9105/10 Tp2 0.9085/90 Tp3 0.9050/55
Usd/Jpy This pair is on uptrend basis, retracement at 81.35/40, as swing buy with Tp1 81.90/95 Tp2 82.05/10 Tp3 82.35/40 while as breakout sell at 81.35/40 with Tp1 81.10/15 Tp2 80.90/95 Tp3 80.65/70
Euro/Usd This pair is moving sideways, buy at 1.3120/25 with Tp1 1.3190/95 Tp2 1.3215/20 Tp3 1.3270/75 while sell at 1.3120/25 with Tp1 1.3060/65 Tp2 1.3025/30 Tp3 1.2985/90
Gbp/Usd This pair is on uptrend, retracement at 1.6000/10, as swing buy with Tp1 1.6090/95 Tp2 1.6110/15 Tp3 1.6150/55 while as breakout sell at 1.6000/10 with Tp1 1.5975/80 Tp2 1.5945/50 Tp3 1.5900/10
Euro/Gbp This pair is on downtrend, retracement at 0.8195/00, as swing sell with Tp1 low at 0.8155/60 Tp2 0.8145/50 Tp3 0.8130/35 while as breakout buy at 0.8195/00 with Tp1 0.8210/15 Tp2 0.8225/30 Tp3 0.8270/75
Usd/Cad This pair is on downtrend, retracement at 0.9965/70, as swing sell with Tp1 low at 0.9875/85 Tp2 0.9845/50 Tp3 0.9815/20, while as breakout buy at 0.9965/70 with Tp1 0.9995/00 Tp2 1.0015/20 Tp3 1.0065/70
Aud/Usd This pair is moving sideways with downtrend basis, sell at 1.0340/50 with Tp1 1.0285/90 Tp2 1.0265/70 Tp3 low at 1.0220/25 while buy at 1.0340/50 with Tp1 1.0390/95 Tp2 1.0420/25 Tp3 1.0450/55
Nzd/Usd This pair is on downtrend basis, retracement at 0.8160/65, as swing sell with Tp1 low at 0.8110/20 Tp2 0.8090/95 Tp3 0.8075/80 Tp4 0.8030/35 while as breakout buy at 0.8160/65 with Tp1 0.8195/00 Tp2 0.8225/30 Tp3 High at 0.8255/60
Euro/Chf This pair is moving sideways, buy at 1.2015/20 with Tp1 1.2030/35 Tp2 1.2040/45 while sell at 1.2015/20 with Tp1 1.2005/10 Tp2 1.2000
Gbp/Chf This pair is on uptrend, retracement at 1.4650/60, as swing buy with Tp1 High at 1.4705/10 Tp2 1.4730/35 Tp3 1.4750/55 Tp4 1.4775/80 while as breakout sell at 1.4650/60 with Tp1 1.4630/35 Tp2 1.4595/00 Tp3 1.4535/45
Euro/Jpy This pair is on uptrend basis, retracement at 106.75/85, as swing buy with Tp1 107.65/70 Tp2 107.85/90 Tp3 108.35/40 while as breakout sell at 106.75/85 with Tp1 106.45/50 Tp2 106.15/20 Tp3 105.80/85
Gbp/Jpy This pair is on uptrend basis, retracement at 130.20/30, as swing buy with Tp1 131.45/50 Tp2 131.70/75 Tp3 132.35/40 while as breakout sell at 130.20/30 with Tp1 130.05/10 Tp2 129.65/70 Tp3 129.30/35
Gold is on downtrend, retracement at 1644/45, as swing sell with Tp1 1626/27 Tp2 low at 1620/21 Tp3 1608/09 while as breakout buy at 1644/45 with Tp1 1657/58 Tp2 1665/66 Tp3 1676/77
Oil is moving sideways with downtrend basis, as swing sell with Tp1 101.45/50 Tp2 100.85/90 Tp3 low at 100.15/20 while as breakout buy at 102.80/85 with Tp1 103.55/60 Tp2 104.05/10 Tp3 104.85/90
We have Important News Releases today for the Euro, Sterling & Loonie Currency:
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Euro German Business Climate: Buy Euro/Usd if 109.8 or better while sell if 108.00 or worse
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UK Retail Sales: Buy Gbp/Usd if 0.6% or better while sell if 0.1% or worse
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CAD Core CPI: Buy Usd/Cad if 0.1% or worse while sell if 0.5% or better
Have A Great Trading Day & An Entertaining Weekend
Hi FMM,
This is a great thread that I feel proud of really but unfortunately this Week is surely bad week for traders like Me. I stared at my PC atleast for 2 Hours after the news releases on Thursday & Friday afternoon my local time without gaining a single PIP. This week there was not a single trend in any currency pair I observed. Only trend was after the news release on Tuesday & wednesday. What could be reason for this unusual price action behavior of the Forex market. Let us hope that we compensate for the pip gain from next week.
Regarding new pairs please give provide signals for CHF/JPY & AUD/JPY instead of EUR/GBP & EUR/CHF which are dead pairs according to me as well,
Thanks & Regards,
Krishna
We are all proud of this thread. Actually, Personally I am very proud of myself at first…lol
You seem to be very concerned of trading news releases which is not a big positiveness because it consists of big risk as well.
There was no clear trend movement last week as many weeks before but I believe that yen pairs had beautiful downward movements for nice amount of pips gain besides some nice movements by other pairs from time to time but mainly market is in consolidation which is not best trading opportunity for strategies like ours that depend on smooth market movement but maybe for traders who prefer sideways movements to scalp some pips at up and down movements with no clear direction.
Good Luck Krishna