Tag Archives: FOREX

Forex: Ideas You Can Trade – GBPUSD Tests 23% Fibonacci Retracement

GBPUSD:  Correction from high of last week as Pair attempts to pivot on Support line The daily candle chart below shows the price history of the Great British Pound (GBP) versus the United States Dollar (USD). This pair is known as GBPUSD, and is trading near 1.6994 around time of publication today. Earlier this month,

Forex: Ideas You Can Trade – EURUSD Pullback Target Reached

EURUSD:  Pair Succumbs to Long Term Bearish Resistance The medium term daily candle chart below shows the price history of the Euro currency (EUR) versus the United States Dollar (USD). This currency pair is known as EURUSD, and is trading near 1.3476 around time of publication today. Over the last three trading days the pair pushed back

Forex: Ideas You Can Trade – USDCHF Imminent Resistance on .9035

USDCHF: Triple Top Approaching As February and June High’s Near The medium term daily candle chart below shows the price history of United States Dollars (USD) against the Swiss Franc (CHF), known as USDCHF, and trading at .9028 around time of publication today. The pair reached a high of .9030 earlier, and is still just

Forex: Ideas You Can Trade – USDCAD Faces Resistance in Downtrend

USDCAD: Upper line of Bearish Channel Provides Barrier to an Upside Breakout The daily candle chart below shows the price history of United States Dollar (USD) against the Canadian Dollar (CAD). This currency pair is known as USDCAD, and is trading near 1.0734 around time of publication today. Last time this pair was reviewed in the

Forex: Ideas You Can Trade – CHFJPY Downtrend Fails to Find Support

CHFJPY: Bearish Channel Pushing Prices Lower With Support on 113.00 Faltering The medium term daily candle chart below show the price history of the Swiss Franc (CHF) versus the Japanese Yen (JPY), known as CHFJPY, and trading near 112.70 around time of publication today. Over the past few months CHFJPY has been caught in bearish channel

Forex: Ideas You Can Trade – EURAUD Downtrend Seems To be Resuming

EURAUD:  1.4355 Nearing with ongoing Bearish Momentum Building The medium term daily candle chart below shows the price history of the Euro Currency (EUR) versus the Australian Dollar (AUD). This currency pair is known as EURAUD, and trading near 1.4412 around time of publication today.  Earlier this month when the EURAUD was last reviewed in the

Forex: Ideas You Can Trade – EURUSD Pullback Nearing 1.3500

EURUSD:  1.3500 likely to be tested as pullback doesn’t appear to be over yet The medium term daily candle chart below shows the price history of the Euro currency (EUR) versus the United States Dollar (USD), known as EURUSD, and trading near 1.3522 around time of publication today. Over the last three days the pair has traded
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Forex News: What to look for today

EDT Currency Event Actual  Forecast Previous 8:30am CAD Manufacturing Sales m/m 1.60% 1.30% -0.20%   USD PPI m/m 0.40% 0.20% -0.20%   USD Core PPI m/m 0.20% 0.20% -0.10%  9:00am USD TIC Long-Term Purchases   27.4B -24.2B 9:15am USD Capacity Utilization Rate   79.40% 79.10%   USD Industrial Production m/m   0.40% 0.60% 10:00am CAD

Forex: Ideas You Can Trade – EURGBP Pushed Lower as .7900 Breached

EURGBP:  Recovery Thwarted As Pair Hits New Multi-Year Low Today The daily candle chart below shows the price history of the Euro currency (EUR) versus the Great British pound (GBP), known as EURGBP, and trading near .7902 around time of publication today. Last time EURGBP was reviewed in the Ideas You Can Trade series, the bearish
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