CHF Currently S1 On Our Live Forex Tables
https://www.charlesclifton.co.uk/daily-forex-price-action-usdchf-12-10-23/
Thurs 12th October 2023 : Daily Forex Price Action
Today we’re looking at Trading Setups in:
USDCHF (Primary Focus Pair)
EURAUD (Covered In Video)
GBPUSD (Covered In Video)
The Swiss Franc (CHF) is the strongest currency on both of our live forex strength and weakness tables.
Opposing the CHF is the JPY and USD, however the JPY could be a tricky market to trade currently as fear of intervention makes it more unpredictable.
USD weakness seems to be persistent despite a recent uptick in Core PPI data.
Continued >>>
GBPUSD Sellers Could Target Key Swing Lows
https://www.charlesclifton.co.uk/daily-forex-price-action-16-10-23/
Daily Forex Price Action : Mon 16th October 2023
Today we’re looking at Trading Setups in:
GBPUSD (Primary Focus Pair)
AUDUSD (Covered In Video)
AUDCHF (Covered In Video)
Cable (GBPUSD) is in focus for us today after the market reversed its bullish sentiment from last week.
Last week’s close was bearish below the key Weekly (W1) resistance of 1.2325.
This could see sellers target the key Weekly (W1) swing lows at 1.2050.
GBP is W2 on our trend traders table and USD is S2.
On the slate throughout today we do have speeches from Bank of England members which will impact the price of cable today, so we could trade this at a reduced risk.
Continued >>>https://www.charlesclifton.co.uk/daily-forex-price-action-16-10-23
Wed 18th October 2023 : Daily Forex Strength Analysis
Today we’re looking at Trading Setups in:
GBPAUD (Primary Focus Pair)
NZDCHF (Covered In Video)
GBPUSD (Covered In Video)
Our live forex strength vs weakness tables continue to show GBP as a weaker currency.
AUD has come onto the day traders table as the second strongest currency.
This means GBPAUD could continue to trend lower.
On the D1 chart price has traded through key trend line support which originates from the lows on Friday 29th September.
Price breaching this trend line to the down side shows the momentum is with the sellers.
Continued >>>
GBPUSD & NZDCHF In Profit : NZDUSD To Trade Lower
Thurs 19th October 2023 : Daily Forex Price Action
Today we’re looking at Trading Setups in:
NZDUSD (Primary Focus Pair)
NZDCHF (Covered In Video)
GBPUSD (Covered In Video)
NZD remains the weakest currency on both our trend traders and day traders tables.
We recently shorted NZDCHF and price has continued lower heading towards our targets.
This has been helped by NZDUSD price breaking through a range low, seen on the daily (D1) chart, between the levels of 0.5875 lows and 0.6050 highs.
Continued >>>
NZD Weakness Offers Opportunities On EURNZD
https://www.charlesclifton.co.uk/daily-forex-strength-eurnzd-23-10-23/
Mon 23rd October 2023 : Daily Forex Strength Analysis
Today we’re looking at Trading Setups in:
EURNZD (Primary Focus Pair)
NZDCHF (Covered In Video)
AUDCHF (Covered In Video)
EURNZD becomes our primary focus pair today as the NZD weakness remains.
EUR has appeared on the live forex strength vs weakness tables at S2 and NZD remains W1.
This means we can look for opportunities to buy EURNZD, in line with our technical analysis.
EURNZD weekly (W1) chart shows price closed as a strong bullish candle last week.
Continued >>>
GBPAUD Hits Lows : Could GBPUSD Remain Bearish ?
Mon 30th October 2023 : Daily Forex Price Action
Today we’re looking at Trading Setups in:
GBPUSD (Primary Focus Pair)
GBPAUD (Covered In Video)
AUDCHF (Covered In Video)
GBPUSD has been highlighted by our live forex strength vs weakness tables for a short opportunity as USD is S3 and GBP is W3 on both tables.
When the currencies are positioned here we need to make sure the technical analysis aligns with the tables bias.
GBPUSD is in a strong downward trend on the Daily chart.
Price of GBPUSD has remained below a Daily (D1) chart trend line which was formed at the high on 17th July 23.
Continued >>>
AUDCHF Forms Bullish Trading Opportunity
Tues 31st October 2023 : Daily Forex Strength Analysis
Today we’re looking at Trading Setups in:
AUDCHF (Primary Focus Pair)
EURCHF (Covered In Video)
EURCAD (Covered In Video)
Our live forex strength and weakness tables highlight AUD as a strong currency and CHF as weak. The day traders table shows AUD as S2 and CHF as W1.
Looking at AUDCHF weekly (W1) chart, we can see price recently formed a double bottom at key support of 0.5625.
We also noticed on the W1 stochastic indicator that it formed a higher low compared to price which formed a lower low. This is classed as bullish divergence.
Continued >>>
Why GBPJPY & EURJPY Should Be On Your Trading Watch-list
Tues 7th November 2023 : Daily Forex Price Action
Today we’re looking at Trading Setups in:
GBPJPY (Primary Focus Pair)
EURJPY (Covered In Video)
EURCHF (Covered In Video)
GBPJPY remains atop of the live forex strength vs weakness tables, GBP as S1 and JPY has W1.
GBPJPY has been our primary focus pair for this week, and price has recently started to pull back.
On the daily (d1) chart we can see the price has closed bullish as we target the key resistance of 186.50.
Continued >>>
Indeed, the AUD complex is looking quite bearish today.
EURCAD Hits Targets : EURJPY Still In Focus
Thurs 9th November 2023 : Daily Forex Price Action
Today we’re looking at Trading Setups in:
EURJPY (Primary Focus Pair)
EURCAD (Covered In Video)
GBPJPY (Covered In Video)
We featured EURJPY in yesterday’s video and identified a long idea that formed after the price traded above the H1 50MA - That position is +57 Pips in profit at time of writing this post.
EUR is S1 on our live forex strength vs weakness tables, JPY is W1 on the trend traders table.
A long position we posted yesterday is still open, but there may be opportunities to add into the trend.
Continued >>>
EURJPY Hits +200 Pip Profit: NZDJPY Long Idea
Wed 15th November 2023 : Daily Forex Price Action
Today we’re looking at Trading Setups in:
NZDJPY (Primary Focus Pair)
NZDCAD (Covered In Video)
EURJPY (Covered In Video)
We have Hit targets and taken profits on our EURNZD and EURJPY trades for a combined 4.9R or +338 Pips.
Today we focus on NZDJPY as NZD rises to the top of our live forex strength vs weakness tables as the strongest currency.
JPY remains weak and highlights NZDJPY as a currency pair to watch for long ideas.
NZDJPY price on the Daily (D1) chart has breached previous D1 highs at 90.20.
Continued >>>
