Forex Peace Army|Sive Morten EURUSD Daily 06.06.11

Professional Forex Trading analysis by Sive Morten with Forex Peace Army. Videos are recorded fresh daily to help forex traders stay profitable.

Forex Trading Daily Video - June 1

The euro rebounds on expectations for further aid for Greece.

Ichimoku Online Currency Forex Trading Strategies For Day Traders

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Ichimoku Kinko Hyo (Pronounced: Ichiii...Mooooo...Kuuuu) is a technical trend based system that powerfully illustrates support and resistance values in a simplified form and is considered an extension of the very popular candlestick charting system. In fact, this system was built on the idea that at "one glance" you should be able to easily determine whether an instrument is in equilibrium (consolidation) or out of equilibrium (trending).

Forex Video Technical Update 5/14/2011 - Scenarios in the AUD/USD, AUD/JPY and AUD/NZD

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original article: http://www.fxtimes.com/?p=38898

The Australian Dollar has been dominating the currency markets with its correlation to gold as well as support from a relatively sound economy. Against the USD, the Aussie has been consolidating since the start of May, and is on a 3-wave decline. The AUD/JPY has been consolidating since April 10, after a rally form Mid-March. It is in medium-term ranging mode with some short-term bearish bias. Meanwhile, the AUD/NZD has been consolidating since March 7, and is in a short-term bearish attempt. Lets take a look at these charts.
AUD/USD
- The AUD/USD was turned from 1.07 after a initially rallying from support factors. The failed rally attempt represents the intent of the market to hammer at the current support cluster right above 1.0500.
- The strong bearish candle suggests the bearish continuation through the 1.0500 level. If this materializes, the next support cluster is right above 1.0400. A wave equality projection targets 1.0415.
- Looking at the daily chart shows that the 50% retracement of the March rally is near 1.0350. If the market is bullish from either 1.0415 or 1.0350, the bearish scenario will be tested with resistance near 1.06. If the market remains below 1.06, the next support is near the 1.020 (61.8% retracement) level.

AUD/JPY
- The AUD/JPY is heading back towards 84.30, the May low. We see that the 4H RSI remains below 60, and is attempting to break below 40 towards 30. This is a sign of bearish continuation.
- IF the market breaks below 84.30, a wave equality projection targets 82.88, which is where the 200SMA reside in the daily chart.
- The market is in medium term consolidation, but can turn bearish if the 80.00 level (near 61.8% retracement) does not hold. We can then targets 75.00.
- Note that the market is ranging. A concept of the ranging mode is that the further the market is from mean price action, the more likely it will reverse back towards it. Right now, the mean price action represented by the 200SMA in the daily is near 82.88.

AUD/NZD
- The AUD/NZD pair broke below a rising trendline this past week, stalling an attempt to retest the 1.38 high. The RSI reading in the daily chart shows maintenance of the bearish momentum. A swing projection targets 1.3090. also a pivot back in January and February.
- Although the daily candles represent a bearish dominance at least in the short-term, a full swing projection might not materialize as there is a support cluster at 1.32. This is near 61.8% retracement and the 200SMA in the daily chart. If the market is able to reach the 1.3090 projection and subsequently remains below 1.32, it can slide towards 1.28.
- On the upside, if the market breaks back above 1.3520, there is a chance the market is simply flattening with support at 1.34 and resistance at 1.37. A break above 1.37 eyes 1.38, above which, the market eyes 1.42 in the medium term.

Fan Yang CMT
Chief Technical Strategist
FXTimes

Information and opinions contained in this report are for educational purposes only and do not constitute an investment advice. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness. FXTimes will not accept liability for any loss of profit or damage which may arise directly, indirectly or consequently from use of or reliance on the trading set-ups or any accompanying chart analysis.

Online Currency Forex Trading with the Ichimoku Trend Based System

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Ichimoku Kinko Hyo (Pronounced: Ichiii...Mooooo...Kuuuu) is a technical trend based system that powerfully illustrates support and resistance values in a simplified form and is considered an extension of the very popular candlestick charting system. In fact, this system was built on the idea that at "one glance" you should be able to easily determine whether an instrument is in equilibrium (consolidation) or out of equilibrium (trending).

Forex Trading Daily Video - May 9th

US dollar recovers supported by solid Non-Farm Payrolls

Forex Peace Army|Sive Morten EURUSD Daily 05.02.11

Professional Forex Trading analysis by Sive Morten with Forex Peace Army. Videos are recorded fresh daily to help forex traders stay profitable.

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Forex Video Technical Update 4/22/2011 - Consolidation Setups (EUR/USD, GBP/USD, EUR/JPY, GBP/JPY)

http://www.fxtimes.com - Forex News, Analysis, Commentaries, Education, Webinars, Live Events and more

Original Article with images: http://www.fxtimes.com/?p=35992

EUR/USD
- The correction to this weeks rally started in yesterdays European session, bringing the EUR/USD from 1.4650 to 1.4531.
- Then the market started to congest further below 1.4590. If the 1.4530 level breaks, a swing projection targets 1.4465. This would complete an abc correction and will be testing the 38.2% retracement level as well as the 200SMA, which is near 1.4450 at the moment.
- If the market can rally back above 1.4590 after that, it would suggest a bullish continuation scenario. This scenario targets 1.4650-1.4675(a previous target) in the short-term and the 1.5140 2009 high in the medium term.


GBP/USD
- Cable is consolidating below 1.6600. A swing projection targeted 1.6660. The current correction does not invalidate that projection as well as the bullish outlook towards 1.69, and the 2009 high of 1.7040.
- The current consolidation has support at 1.65. A break below has a swing projection target at 1.6470. An important support resides at the 1.6424 pivot just below the 38.2% retracement level.
- The 200SMA and 61.8% just below 1.6350 serve as a support cluster. A break below this is a hint of a complex consolidation at hand.
- However, if the market stays above 1.6424, and returns above the declining resistance and 1.6570 pivot, we are likely to first see a test of 1.6600. A break above 1.66 puts the 1.69 and 1.7040 targets back in sight.


EUR/JPY
- The EUR/JPY has been in a correction mode since the beginning of the April, sliding from 123.30 to 117.
- The market this week is challenging the correction, attempting to revive the prevailing bullish trend.
- At mid-week however the market started to consolidate before testing an important pivot at 120.75. The correction could be extended to 118.00, 61.8% retracement level. If the market remains above 118.00 during the current correction, it has a chance to retest 120.75. A break above 120.75 would likely bring back the 123.30 high in sight. Above this, the medium term target of 125.75-126.00 would return to sight as well.
EUR/JPY 4/22/2011


GBP/JPY
- The GBP/JPY has been consolidating since 4/8, sliding from 140.00 to 133.00. The market this week rebounded but found resistance right under 136.00.
- It is now much like the EUR/JPY, challenging this correction, and attempting to revive the uptrend.
- If that is so, the market should stay above the 134.10, 61.8% retracement level of this weeks rally. Then, a break above 136.10 is the first clue of continuation. A break above 138.00 would be strong evidence of bullish continuation.
- The bullish outlook first eyes the 140.00 high, then the 146-147 area in the medium term.
- The bearish scenario, below 133.83, is an extension of the correction to 131.70. Although the bearish scenario in the medium term would still be premature, the bullish scenario would become highly unlikely with a break below 132.50. the 130.12 pivot would then be the next bearish target, below which, the 125.50-126 January lows would be in sight.
GBP/JPY 4/22/2011 4H Chart

Will these currency pairs continue their prevailing trends or buck them after the Easter break? Subscribe and become a member to share your views and join live discussions as well as webinars about the markets.

Fan Yang CMT
Chief Technical Strategist
FXTimes

Information and opinions contained in this report are for educational purposes only and do not constitute an investment advice. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness. FXTimes will not accept liability for any loss of profit or damage which may arise directly, indirectly or consequently from use of or reliance on the trading set-ups or any accompanying chart analysis.

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FOREX trading example with Vic Noble - April 22, 2011

Trend vs Counter-Trend? Which One is Best?

Weve all heard the expression, "the trend is your friend". And its true, trend trading is very powerful, and obviously a good approach to trading. (For day traders, thats what the "vic" trade is that I teach).

So does that mean that counter-trend trading is no good? Absolutely not! There are some extremely good counter-trend trading techniques that are quite simple to learn, and that can generate very nice profits consistently. The main strategies I teach for these trades are divergence and of course the London Close strategy.

Some people prefer one over the other, which is fine, but they definitely both have merit, and todays video will show an example of each type of trade:

Forex Trading Daily Video - April 14

Euro above the 1.45 again as more rate hikes are expected

Forex Peace Army|Sive Morten EURUSD Daily 04.18.11

Professional Forex Trading analysis by Sive Morten with Forex Peace Army. Videos are recorded fresh daily to help forex traders stay profitable.

Forex trading example with Vic Noble - April 15, 2011

Candles and Patterns and Snakes and Ladders!


Do you sometimes find yourself just staring at a chart and not really knowing what youre looking at or how or where to make a trade? This weeks video is about putting very simple things together so you can make intelligent trading decisions, and Ill show you an example of doing just that.

You want to do some basic fundamental analysis, with an awareness of the trading environment, recognize a few chart patterns, together with appropriate candle action, and then apply the actual trading methodology that you like. It then boils down to consistency in 3 main areas: Risk/trade management, trading approach, and trade execution. And what you dont want to do is land on the head of a snake! Youll see what I mean by that in this weeks video:

Forex Peace Army|Sive Morten EURUSD Daily 04.11.11

Professional Forex Trading analysis by Sive Morten with Forex Peace Army. Videos are recorded fresh daily to help forex traders stay profitable.

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FOREX VIDEO - ASIAN OUTLOOK MARCH 23 2011

Hi Folks

Amid everything going on in the world, the EUR/GBP is trading like a technicians dream. While it continues to do so, I believe we need to make the most of the situation and capitalize.

Have a great day everyone.

Regards

Rob Helean

Forex Peace Army|Sive Morten EURUSD Daily 03.14.11

Professional Forex Trading analysis by Sive Morten with Forex Peace Army. Videos are recorded fresh daily to help forex traders stay profitable.

ForexPeaceArmy | Sive Morten EURUSD Daily 03.10.11

Professional Forex Trading analysis by Sive Morten with Forex Peace Army. Videos are recorded fresh daily to help forex traders stay profitable.