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Trade Example: Support and Resistance Double

Mark — Fri, 08 Oct 2010 05:24:05 +0000

Here is a great example I wanted to share with you from yesterday that combined a) Support and Resistance with the b) Double Detection feature of CandlePro that would have netted you up to 56 pips within 2.5 hours. First off, we always look at the charts and determine where our S/R levels are. In this example I actually did this for you in the free daily signal (October 7th, 2010) when I wrote: “A [ continue reading ]

Source: Trade Example: Support and Resistance Double
Forex signals from: PipHut.com

Technical Analysis – EUR/USD Buying Around 1.4600

Mark — Tue, 23 Sep 2008 03:54:17 +0000

9-23-08 3:26a GMT – EUR/USD remains bullish, with strong support between 1.4600-1.4500. I will be looking for a dip and then bullish reversal signals in this area, with a mid-term challenge of 1.4900 as my target. (click to enlarge) Click here to receive my free forex signals via email Click here for more info on how to use my free forex signals Click here to learn how much you can earn with our Forex Income [ continue reading ]

Source: Technical Analysis – EUR/USD Buying Around 1.4600
Forex signals from: PipHut.com

Technical Analysis – EUR/USD Buying Dips

Mark — Fri, 19 Sep 2008 03:22:23 +0000

9-19-08 3:26a GMT – The USD is giving off mixed signals but I’m looking to buy dips as other currencies gain back some losses they suffered in the past month. Trading Idea: Support is at 1.4100 and I am looking for bullish reversal signals at this area. Long targets at 1.4225, 1.4280 and 1.4400. (click to enlarge) Click here to receive my free forex signals via email Click here for more info on how to [ continue reading ]

Source: Technical Analysis – EUR/USD Buying Dips
Forex signals from: PipHut.com

Technical Analysis – EUR/USD Room to Fall

Mark — Fri, 05 Sep 2008 03:34:14 +0000

9-5-08 3:26a GMT – As the EUR/USD broke through strong support once again, we need to back out all the way to a monthly chart to take a look at where this might go next. The answer: the EUR/USD has more room to fall with the next major support at 1.4000 at the intersection of the 50% Fibonacci level (from the July 2005-March 2008 rise), the monthly trend support and a large round number. Trading [ continue reading ]

Source: Technical Analysis – EUR/USD Room to Fall
Forex signals from: PipHut.com

Technical Analysis – EUR/USD Caution; Sell Rallies

Mark — Thu, 04 Sep 2008 03:27:33 +0000

9-4-08 3:19a GMT – EUR/USD is very bearish on all but the weekly and monthly charts (where solid support has yet to be broken) and I am looking to sell rallies. In the short term, however, caution is advised as a bullish reversal hammer formed yesterday on the daily charts right on strong daily support (right above 1.4475). On top of that a bullish RSI divergence has appeared on the daily charts. Trading Idea: look [ continue reading ]

Source: Technical Analysis – EUR/USD Caution; Sell Rallies
Forex signals from: PipHut.com

Technical Analysis – EUR/USD More Losses

Mark — Tue, 02 Sep 2008 02:25:11 +0000

9-2-08 4:21a GMT – After our last successful short trade on the EU pair we are again looking to sell for another retreat down to 1.4475. Threats to trade are a very oversold level and the weekly/monthly support the pair is currently resting on. Down to 1.4450 would complete a nice double-top reversal and signal further EU losses. Trading Idea: shorts favored down to 1.4475. (click to enlarge) Click here to receive my free forex [ continue reading ]

Source: Technical Analysis – EUR/USD More Losses
Forex signals from: PipHut.com

Technical Analysis – EUR/USD Bearish Charts

Mark — Fri, 15 Aug 2008 04:53:32 +0000

8-15-08 6:00a GMT – EUR/USD remains bearish on the charts with a sustained break below 1.5000. Pair is stilling heavily oversold but a few more days of sideways movement should ease that. For those doubting which direction the trend is in the shorter term: the pair has dropped 1300 pips in the past 30 days. Remember – it is easier to ride the trend then to bet against it. Trading Idea: As long as the [ continue reading ]

Source: Technical Analysis – EUR/USD Bearish Charts
Forex signals from: PipHut.com

Technical Analysis – GBP/USD Approaching Strong Support

Mark — Wed, 13 Aug 2008 23:32:41 +0000

8-13-08 22:21 GMT – GU remains bearish on all time frames but is approaching strong weekly support just as the pair is reaching highly oversold levels on the weekly chart as well (it is also oversold on everything from 1h-weekly). On signs of bouncing off the support at 1.8500 this might be a good opportunity to hedge your shorts on a bounce back to 1.9000. Trading Idea: Look for stalling and candlestick signals on the [ continue reading ]

Source: Technical Analysis – GBP/USD Approaching Strong Support
Forex signals from: PipHut.com

Technical Analysis – AUD/USD Bearish but Strong Support

Mark — Wed, 30 Jul 2008 04:28:00 +0000

7-30-08 3:18a GMT – AUD/USD pair remains bearish on both the daily, 4H and 60M price charts. However there is strong intraday support at 0.9575 that I expect to stall a drop below. 60M RSI is heavily oversold and has just crossed above 30 indicating a bounce and the RSI on the 4H charts is showing a bullish divergence as well. Depending on how strong resistance is above we may see a return immediately to [ continue reading ]

Source: Technical Analysis – AUD/USD Bearish but Strong Support
Forex signals from: PipHut.com

Technical Analysis – EUR/USD At Strong Weekly Support

Mark — Wed, 30 Jul 2008 02:49:24 +0000

7-30-08 1:44a GMT – EU has touched and bounced off of strong daily and weekly support after yesterdays retreat downward found no buyers willing to support the pair. Support can be found between yellow and purple lines on chart below, currently between 1.5585-1.5525. Pair also just crossed above 30 on the 60M RSI, a buy signal. Trading Idea: Look for buying opportunities between these support levels as pair looks ready to rebound. I expect the [ continue reading ]

Source: Technical Analysis – EUR/USD At Strong Weekly Support
Forex signals from: PipHut.com