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EUR/USD Technical Analysis – Squeeze Play!

EUR/USD Technical Analysis – Squeeze Play!

It looks like a squeeze play is developing on the EUR/USD 60M charts. It is on the daily charts as well but is obviously not as pronounced. RSI shows a definite uptrend since early May and a definite downtrend for … Continue reading

NZD/USD Free Forex Signal – Breakout Trade

NZD/USD Free Forex Signal – Breakout Trade

23:42p GMT – Placed breakout flagpole entry above current NZD/USD consolidation and trend channel resistance. RSI shows positive trend but Slow SS shows mixed signals on the 60M charts. Buy – 0.7655 Stop – 0.7630 (25 pips) L1 – 0.7680 … Continue reading

EUR/USD 5-15-08 Bullish Doji

EUR/USD 5-15-08 Bullish Doji

EUR/USD appears to be bouncing off trendline support at 1.53450. This is confirmed with a possible doji and a bullish close to the 18:00 candle. See below. UPDATE – Pair rose over 70 pips from doji to 1.550 resistance!

NZD/USD Free Forex Signal – Signal cancelled.

NZD/USD Free Forex Signal – Signal cancelled.

NZD/USD signal from 4:26 GMT 5-15-08 has been cancelled due to a break to the upside. Good no trade.

USD/CAD 5-15-08 Monthly Support

USD/CAD 5-15-08 Monthly Support

USD/CAD is for the third time in three days meeting support around 1.000. Though this against the downtrend aggressive traders might look for a candlestick entry point or a possible head and shoulders reversal formation. UPDATE: 19:14 GMT: USD/CAD did … Continue reading

USD/CAD 5-15-08 Bearish Doji

USD/CAD 5-15-08 Bearish Doji

2:00am GMT USD/CAD formed a bearish doji on the 60M charts near trendline resistance which has been tested 3 times already. I expect the pair to continue downward.

Free Forex Signals – 5/15/08 NZD/USD

Free Forex Signals – 5/15/08 NZD/USD

Breakout/flagpole entry order placed below current NU consolidation after flagpole. Entry placed 5 pips below large round # .7550. Small flagpole, only 60 pips. Possible negatives include an RSI divergence on the 60M and strong support at 0.7500 scaring off … Continue reading

Free Forex Signals 5/14/08 USD/CHF

Free Forex Signals 5/14/08 USD/CHF

Buy – 1.05675 Stop – 1.05425 (raise to break even on L1) L1 – 1.05925 L2 – 1.06100 Breakout entry placed above 1.065 resistance. Positives include wicks that have been horizontal in their display of resistance, RSI shows a definite … Continue reading

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