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AUD/USD Forecast May 2, 2013, Technical Analysis

Coach Wayne — Sun, 05 May 2013 22:44:11 +0000

Latest Forex News Summary:

http://fxbootcamp.com/forex-blog/ AUD/USD Forecast May 2, 2013, Technical Analysis The AUD/USD pair fell during the session on Wednesday, showing an extreme amount of weakness as we crashed during most of the session and closed near the lows. However, we are approaching an area that should provide quite a bit of support based … Read more on FX Empire

Forex – AUD/USD higher on Italy boost, gains capped … new government in Italy boosted sentiment, but gains were capped by downbeat Australian private sector credit data. AUD/USD hit 1.0373 during late Asian trade, the pair's highest since April 16; the pair subsequently consolidated at 1.0362, adding … Read more on Investing.com

Forex – Chart AUD/USD Update: Reversal weighs, pressure on 1.0263 support Sharp reversal from the 1.0385 high to break the 1.0300 level see pressure returning to the 1.0263 support. Break here will expose the 1.0230/21 lows to retest. Below this is the 1.0200 level then 1.0115, Mar low. Resistance now at 1.0300/10 and1.0330 … Read more on FXstreet.com

AUD/USD 1.0400 Could be a Turning Point FOREXAnalysis: “The slow arduous rally from just above the trendline that extends off of the 2012 and 2013 lows may be the beginning of a move back into 1.0400. In fact, the AUDUSD might be lagging the NZDUSD. The sharp declines from the highs may be … Read more on DailyFX

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EUR/JPY Forecast April 29, 2013, Technical Analysis

Coach Wayne — Sat, 04 May 2013 20:58:23 +0000

Latest Forex News Summary:

http://fxbootcamp.com/forex-blog/ EUR/JPY Forecast April 29, 2013, Technical Analysis The EUR/JPY pair fell during the session on Friday, but bounced off of the 127 vicinity in order to gain back some of the losses. However, this market looks much like the rest of the yen related ones, as we simply see a potential for a double top at a … Read more on FX Empire

EUR/JPY Forecast April 26, 2013, Technical Analysis The EUR/JPY pair went back and forth during the session on Thursday, eventually losing ground at the end of the day. The resulting candle is a little bit of a shooting star, but it is far too short for us to be concerned about it. This simply confirms … Read more on FX Empire

EUR/JPY Forecast April 24, 2013, Technical Analysis The EUR/JPY pair fell during the session on Tuesday, but found enough support near the 127.50 handle to bounce and form a hammer. This hammer looks very supportive, and as a result we think that this market will clear the 130 level fairly soon. In fact … Read more on FX Empire

EUR/JPY's 12-Big Figure Move Dominates EUR Demand This month's EUR/JPY 12-big figure move beckoned long positions to take some profit off the table — with JGB yields rising instead of falling post-BoJ, undermining this one directional trade. A healthy trade requires some breathing space. By booking … Read more on Seeking Alpha

Forex: EUR/JPY winning streak ends, closes down 176 pips at 129.03 FXstreet.com (Barcelona) – The EUR/JPY traded sharply lower on Friday, closing down 176 pips at 129.03. Previously, the pair had traded higher the last 6 days and still closed the week +1.69%. Market participants will be awaiting Bank of Japan Governor … Read more on NASDAQ

EUR/JPY Elliott Wave Analysis EUR/JPY: First leg of wave v as well as larger degree wave (C) ended at 94.12 and upmove to 130.00 and later 139.26 would be seen. Despite this week's initial rise to 130.73, as the single currency has retreated after faltering below recent high of 131 … Read more on Action Forex

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MNI FX Technical Analysis

Coach Wayne — Sat, 04 May 2013 05:07:18 +0000

Latest Forex News Summary:

http://fxbootcamp.com/forex-blog/ MNI FX Technical Analysis … SUP 2: Jpy96.95 – Low Apr 2 SUP 3: Jpy96.18 – 100 day moving average SUP 4: Jpy94.45 – Low Mar 1 COMMENTARY: After failing to recapture the 21-DMA the AUD/JPY dipped below the Jpy100.00 level overnight before managing to close just above. Read more on MNI News

Forex – AUD/USD hits session low after Chinese data The Aussie was lower against the New Zealand dollar and the yen, with AUD/NZD sliding 0.23% to 1.2079 and AUD/JPY down 0.19% to 100.82. The U.S. was to data on ADP nonfarm payrolls report later in the trading day, while the Institute of Supply … Read more on Investing.com

Australian Dollar Outlook – 05 April 2013 along for this ride, to now be over AUD/JPY 100.00 this morning. The Bank of England did not ease policy as expected, seeing the GBP rally hard from 1.5040 to ahead of 1.5230, possibly assisted by flow in the EUR running in the same direction. Today in … Read more on International Business Times AU

Forex: EUR/JPY closes slightly higher as recent trading range continues From a pattern perspective, it appears there is a large "pennant" pattern forming on the daily chart (similar to the other yen crosses such as AUD/JPY). This is a continuation pattern which should eventually resolve itself to the upside (although … Read more on NASDAQ

Identifying the winners from Bank of Japan easing moves An investor that buys the 'leakage' hypothesis on BoJ quantitative easing should therefore be long AUD/JPY, BRL/JPY, NOK/JPY or TRY/JPY, and not necessarily long USD/JPY or EUR/JPY. Adam Cole is global head of FX strategy at RBC Capital Markets in … Read more on FX Week (subscription)

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AUD/USD Forecast May 3, 2013, Technical Analysis

Coach Wayne — Fri, 03 May 2013 20:12:25 +0000

Latest Forex News Summary:

http://fxbootcamp.com/forex-blog/ AUD/USD Forecast May 3, 2013, Technical Analysis The AUD/USD pair fell during the session on Thursday, but as you can see the 1.02 Regent continues to offer support. The bounce during the end of the session wasn't exactly strong, but it was enough to form what looks a bit like a hammer. The 1.02 … Read more on FX Empire

AUD/USD – Slow Down Seen In Chinese Manufacturing Sector Chinese Manufacturing sector is indeed slowing down, if recent PMIs have us believe. Official Manufacturing PMI for April released yesterday came in at 50.6 versus 50.7 expected, lower than previous month's 50.9. Today's HSBC numbers agree with the … Read more on OANDA Forex (blog)

AUD/USD: Australia's PPI Records A Rise In Q12013 AUD/USD: Australia's PPI Records A Rise In Q12013. For the 24 hours to 23:00 GMT, AUD weakened 0.28% against the USD to close at 1.0253, after building approvals in Australia slumped 5.5% in March. LME Copper prices declined 0.1% or $ 4.50/MT to … Read more on Action Forex

A New Strong Sell Signal For AUD/USD – SEB A New Strong Sell Signal For AUD/USD – SEB. From efxnews.com · Read Full Story at efxnews.com. With AUSD/USD final push higher early this week, the market met the ideal target for the correction, 1.0380/0400, says SEB Group. "The following impulsive … Read more on Forex Factory

Forex: AUD/USD in lows after RBA data Forex: AUD/USD in lows after RBA data. Wed, May 01 2013, 06:57 GMT | FXstreet.com. Related News. AUD/USD holding above initial support ahead of FOMC · AUD/USD support and resistance levels · Forex: AUD/USD falls 100 pips and erases weekly … Read more on FXstreet.com

Forex: AUD/USD awaits Aus PPI Q1 below 1.0260 FXstreet.com (Barcelona) – AUD/USD is currently at 1.0256 bids, pressing against session highs at 1.0260 following the AIG Services index for Australia that showed the worst result in last 4 months at 44.1, easing from previous at 49.6. With China and … Read more on FXstreet.com

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GBP/JPY Elliott Wave Analysis

Coach Wayne — Fri, 03 May 2013 02:22:21 +0000

Latest Forex News Summary:

http://fxbootcamp.com/forex-blog/ GBP/JPY Elliott Wave Analysis Despite retreating from 153.85 to 146.50, the British pound found renewed buying interest there and has rebounded in line with our expectations (we recommended in our previous update made on 10 Apr to buy at 147.00 and we are exiting this long at … Read more on Action Forex

Forex: GBP/JPY trading range continues, resistance at 150.60 still looms overhead FXstreet.com (Barcelona) – The GBP/JPY closed the NY session up 30 pips at 150.07. The pair continues to find support from the short term uptrend line connecting the lows of the last 4 sessions, while resistance at 150.60 continues to cap advances. All … Read more on NASDAQ

GBP/JPY – Technical Conditions and Levels Consolidation: The GBP/JPY in the 1H chart shows a market that is consolidating after a rally. This is shown by a 200-SMA which has flattened after having a rising slope. Price has also been whipping up and the 200-hour SMA as well as other lower … Read more on Action Forex

Forex: GBP/JPY support holds at 151.00 as dip buyers remain active Forex: GBP/JPY rejects 152.15 again · Forex: GBP/JPY extends recovery above 152.00 · Forex: GBP/JPY finds support at 151.10, back above 151.50. FXstreet.com (Barcelona) – The GBP/JPY finished the day 16 pips lower at 151.79. The pair traded as low as … Read more on FXstreet.com

Forex: GBP/JPY testing the 150.00 level FXstreet.com (Barcelona) – The GBP/JPY continues to trace lower, establishing fresh session lows in these moments as the downside appears to be clearly favored during European trading Tuesday. Following economic data in the United Kingdom, the cross … Read more on FXstreet.com

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Macro and Micro Economics for FOREX Traders Part 1

Coach Wayne — Tue, 29 May 2012 21:53:57 +0000

Extreme fundamental analysis is examined in this video. It explores why money flows around the world, how inflation is created and why a central banker would want to adjust interest rates... and what impact that move would have on a currency. We also dig deep into economic reports just as GDP, CPI, PPI, NFP, Housing data, retail sales, etc.

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Turning Analysis into Profitable Trades

Coach Wayne — Fri, 20 Jan 2012 19:21:44 +0000

View full webinar at http://www.fxstreet.com/webinars/sessions/session.aspx?id=5abf17ca-6890-4a29-810d-b70c28639ea4 Expert: Rob Helean, Currency Coach & Technical Analyst at FxBootcamp Summary: One of the biggest frustrations as a trader is putting a lot of effort in to analysis and trade planning, being right about the market direction, and not having anything to show for it. In some cases a losing day when in fact you had direction right. Sick of this happening to you? This webinar will discuss the trading tips and tricks you can apply so when you have direction right, there is a higher chance you are also in the trade.

Watch Full Video in High Quality. Upgrade your membership to access full length videos.

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Macro and Micro Economics for FOREX Traders Part 1

Coach Wayne — Tue, 19 Jul 2011 08:14:20 +0000

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Putt for Dough with OCO

Coach Wayne — Mon, 11 Jul 2011 08:55:23 +0000

The OCO, or one cancels other order, gives the trader an opportunity to measure themselves, and progress in developing their trade plans. The premise of the exercise is as follows: one takes a trade, with a 25 pip take profit, and a 25 pip stop loss. There is no touching or adjustments made upon execution of the trade. The word “putt” is a golf analogy from pro golfer Phil Nicholson. He stated as part of his daily practice, he would take 100 six foot putts in a row, with the intent of making all 100. The idea for him was to make this so routine, he could do it with his “eyes closed” so during a tournament, he was merely executing the same ritual he had done thousands of times before. As traders, we should be able to execute our 25/25 OCO over and over again with a level of consistency of a near 75% win ratio, in letting us know our trade plans over a long string of trades (100 plus) are effective. This exercise can also help the trader who is perpetually break even discover what his real issues are. If he is hitting that 75% level on the 25/25 basis; he now knows his issue is stop management or issues with entries, that are either too early or too late. Either way, there is now a foundation to which base improvement on. Another experienced trader might use this exercise as a simple confidence gainer when having been away for an extended period of time. In using the 25/25; if his track record has been near the 75% level, he can work out some of the “rust” off his trading. The novice trader should use the 25/25 as a way to judge themselves in the beginning. This way they can learn to refine their entries and if the trade plans are flawed. The biggest key to the success with this plan is to journal and document all the success and weaknesses. There must be 100% diligence and fortitude in doing this, and at minimum 100 plans must be documented.

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