Featured Post from forexheatmapby, 04-13-2015 at 01:00 PM
Today in forex trading the AUD was weak on all pairs. The movements started in the Asian session. THe AUD/CHF dropped and could continue down to the 0.7275 support and the GBP/AUD could continue up to the 1.9600 resistance. Both pairs are ranging on the H4 time frame. See the live trading signal below from The Forex Heatmap®.
Good Trading Forexearlywarning.com
Featured Post from Alejandro Zambranoby, 02-17-2015 at 06:29 AM
Ranges for selected FX pairs this morning
Charts are from our Bulls vs. Bears - The FX Briefing webinar. Click on link to see presentation.
As the markets are now choppy and correlations are not that strong as they used to be I am presenting a limited amount of charts. Short term trading in the current conditions will be much harder than usual as the market will be prone to more false breakouts.
Please note that trading short term is a high risk investment and you can lose all of your invested capital.
Featured Post from Alejandro Zambranoby, 02-16-2015 at 06:04 PM
- Medium term trends and technical levels that are dominating the markets
- Most markets are flat given January's strong declines, this is fully normal
- The overall fundamental themes which have been driving the markets remain intact
Price is trapped between 1.1250 and 1.1530, if we get a breakout below 1.1250 then this should mark the resumption of the bearish trend. If we get a breakout below 1.1250 then traders are expected to target 1.10 and 1.08.
The short term trend is bullish as long as we trade above 1.5170 which are the lows from last week. The 20 period moving average is also bullish indicating further GBPUSD gains. ...