Forex Signals and Professional Market Commentary Since 2008

daily forex signals

Free Forex Signals – Threatening Downside Correction

Free Forex Signals – Threatening Downside Correction

EURUSD Daily Analysis: Fiber (E$ nickname) has jutted below 1.3800 in the early morning hours but is currently being bid back up above 1.3810. Despite the topside breakout of the bullish flag pattern (two blue lines on 4h chart) earlier … Continue reading

Free Forex Signals – Bulls Break Flag Pattern

Free Forex Signals – Bulls Break Flag Pattern

EURUSD Daily Analysis: We saw a hard bounce off of 1.3780 support yesterday, sending the pair up over 70 pips to challenge 1.3850 a few hours ago. After that bounce (off of the 50% retracement of the 1.3670-1.3910 rally), which … Continue reading

Free Forex Signals – Scalping the Walls

Free Forex Signals – Scalping the Walls

EURUSD Daily Analysis: Yesterday’s upper resistance held, lower resistance did not, creating a bearish channel on the 4h chart for the week (blue lines on 4h chart). We are near the top of that channel now (around 1.3830) and expect … Continue reading

Free Forex Signals – Consolidation Breakout Approaching

Free Forex Signals – Consolidation Breakout Approaching

EURUSD Daily Analysis: Euro barely moved last week, instead consolidating into a tightening pennant triangle on the 4h charts which is matched by a triangle on the RSI. This consolidation most likely will lead to a breakout, and the shape … Continue reading

Free Forex Signals – Trend Remains Bullish For Now

Free Forex Signals – Trend Remains Bullish For Now

EURUSD Daily Analysis: Euro dropped into our buy limit yesterday, triggering our long at 3825. It has met with support above 3800, as expected, but has yet to rebound back toward 3850. The pairs movement has slowed to a crawl, … Continue reading

Free Forex Signals – Doing a Rain (Movement) Dance

Free Forex Signals – Doing a Rain (Movement) Dance

EURUSD Daily Analysis: In ancient North America then Native Americans would do something called a rain dance to dry and bring about rain during seasons of drought. We are strongly considering doing a “movement dance” to bring about any movement … Continue reading

Free Forex Signals – Euro Treading Water

Free Forex Signals – Euro Treading Water

EURUSD Daily Analysis: Euro market players seem hesitant to commit to any one direction as we once again are right back where we started yesterday – 1.3820, with volatility down to month lows on the pair. Euro zone inflation came … Continue reading

Free Forex Signals – Daily Trend Remains Bullish

Free Forex Signals – Daily Trend Remains Bullish

EURUSD Daily Analysis: Currency pairs consolidated sideways for most of the day yesterday, the Euro included, though it did find support above our 1.3780 “buy zone.” We remain long-term bullish on the pair (daily and weekly charts show a clear … Continue reading

Free Forex Signals – 1.3760 Holding Bulls Up

Free Forex Signals – 1.3760 Holding Bulls Up

EURUSD Daily Analysis: The Euro gapped downward this morning after strong “forward guidance” by Draghi (ECB) that if the Euro strengthened much more then central bank intervention may be needed. The threat alone was enough to scare the pair downward … Continue reading

Free Forex Signals – Trend is King, Strength is Queen

Free Forex Signals – Trend is King, Strength is Queen

EURUSD Daily Analysis: 1.39 limited the upside yesterday, as expected, though we still have not seen a meaningful bearish signal, meaning that this uptrend could continue at least until 1.3965 (March high) and possibly even 1.40. We do not expect … Continue reading