Trade Opportunity EURUSD
Posted on Wednesday, April 13th, 2011 at 9:45 am.
The Euro is currently range bounce between 1.4510 and 1.4453. Most other currencies traded against the USD have seen some losses over the last 2 days except the EUR and CHF. I think this presents a great opportunity to get in on a EURUSD trade. Look for a break of 1.4453 on the 1 hr chart. Preferrably during the London session and the look to ride it down to 1.4400 or beyond.
Commodity Currencies!!!
Posted on Thursday, April 8th, 2010 at 9:35 am.
The NzdUsd had a very pressurized white candle on this week on the daily chart. This move looks to be ready to continue given the current candlesticks on the hourly time frame. Also the UsdCad hit the hourly gap it really bounced off, now has broken the 13 ma. AudUsd also had a very solid break of the 13 ma. I really like these setups right now for a long term continuation of this swing. Overall we should have a lot of easy pips to pick up on.
NFP
Posted on Monday, March 29th, 2010 at 3:36 pm.
Dr. Blythe here,
Watch for the Non-Farm Payroll on friday in the morning. This news announcement usually has a large impact on the US Dollar related currency pairs. This is a friday that i generally take off, so i like to have my positions closed by New York open on friday morning. Good Luck and Happy Trading.
Usd Jpy
Posted on Monday, March 29th, 2010 at 1:56 pm.
Major consolidation. Just waiting for a breakout either way. If the move is Long, taking it near the WR1 for my tp. It is in a one trend two trend so if it breakouts short, going to the original trend. Every hour I will be looking at it until liftoff!
Non Farm EGG ROLL
Posted on Friday, March 5th, 2010 at 7:48 am.
The Non farm pay roll announcement came out and had a big effect in the currency market. As you can see the JPY markets really took off. When you learn that news can either be a spike in the market or temperal with the Non Farm pay roll today it was some big pushes to the markets. We project that the market will continue the upward movement with the GBPJPY for seversal days. Understand that when 1 YEN pair starts to move all of them run together. Look for more buy positions in the GBPJPY market it’s going up up up.
The Trend is your Friend
Posted on Friday, February 5th, 2010 at 3:32 pm.
The market from the begin of next week should be continuing the major trend. The NFA Reports acted really different this time. If you are looking for safe trades with the Forex during news there are time when it looks like its going to go one direction then it is easily to get in the wrong direction with the currency because it’s like a head fake.
With the Non farm pay roll reports it’s always good to sit on the side line and let the market settle down then make your trade with the trend. I would believe alot of the pair will go too some extreme levels so if you see it pop up don’t get faked out and don’t chase the candle a good chance it will come back into the original trend.
NFP This Friday
Posted on Monday, February 1st, 2010 at 8:33 pm.
Dr. Blythe here,
Watch this week for the Non-Farm Payroll announcement to come out. This news announcement can have a lot of impact on the market and is one of the biggest to watch for each month especially with this economy there is a lot of speculation on employment.
Forex News
Posted on Thursday, January 28th, 2010 at 1:20 pm.
The website i look at for News is forexfactory.com, forexnews.com, forexpeacearmy.com, dailyfx.com, bloomingberg.com, and there are other but i mainly get my news information from forexfactory.com. It’s important to keep things as simple as possible. We know that forex news is like the weather channel so don’t jump the gun on your trades but if you understand how the news is going to effect the forex market take advantage of the situation. Today you would see that the GBPUSD has dropped like a rock but after news you will see either a consolidation or retracement but in this case a range. You could expect a break out and see alot of the markets start a range so look for current highs and lows using support and resistance and look for better direction before getting in a trade. Happy trading in the Forex market.
U.S. markets taking control
Posted on Wednesday, January 20th, 2010 at 11:03 am.
For this week in the Forex market you will expect some of the markets to trend. Looking at any pairs that are trading against the USD as you can see there has been some big moves in the market yesturday and today and probably more to come in the future. In my last blog with the GBPUSD trade went very good.
Hope everyone got a piece of that trade. AUDUSD it may be the end of the trend and looking to trade back downward but beaware at the end of this week or the begin of this week there is either going to be a retracement or a range for the market because of the big moves that happened in the forex this week.
Also it’s little brother the NZDUSD will also follow the AUDUSD with some of it’s behaviors in the market. So if you see a short position on the NZDUSD usually you will see some of the same trades with the AUDUSD.
Again remember the new law with the insurance that is coming will have a big impact with the USD markets So watch for that when they announce any news on that topic.
