FreeForexSignals4u

FreeForexSignals4u Updated  Oct 29, 2015

The fundamentals on this currency pair are strong with the USD being the strongest currency at the moment and the JPY being one of the weakest. It is looking likely that the BoJ will add further stimulus to the economy at the end of this month and with the FED still looking to raise rates in the US albeit a little later than first anticipated we are destined to...

FreeForexSignals4u Updated  Oct 29, 2015

The BoC rate statement is due out tomorrow and although we are not expecting the rates to change we are expecting the BoC to be slightly dovish in their speech. The oil price keeps falling and the data between this rate decision and the last has not really improved in fact unemployment got worse. I am expecting to see the USD stregthen against the Canadian in the...

FreeForexSignals4u Updated  Oct 29, 2015

After the poor CPI reading from Australia through the night it has added pressure for the RBA to cut interest rates in the next meeting. the pattern break out gives us a target of just above 7000 but the FOMC could cause a pull back this evening if they keep rates on hold which is likely. This pull back will hopefull find resistance at the breakout point and we...

FreeForexSignals4u Updated  Oct 28, 2015

Still looking for a continued rally on the GBPJPY. Hoping to see a pull back during the GDP figure which will give us an entry around the 18400 area - I would be happy to have a bigger stop loss below 18200 on this with the BoJ likely to increase QE we should see the currency weaken further against the sronger currencies such as the GBP and USD. Learn 2 trade like...

FreeForexSignals4u Updated  Oct 22, 2015

The NZD has been rallying lately and part of the reason for this has been the increase in the Dairy Auction prices that have had 5 consecutive good readings. Today the GDT showed that the price increase could just be temporary and the NZD is still a much weaker currency compared to the USD. I would have liked to have taken this on the break of the support at...

FreeForexSignals4u Updated  Oct 22, 2015

After the weaker than expected dairy auction yesturday and the UK being likely to raise interest rates in the near future I am expecting to see a correction on the recent drop. This does have a fairly large stop loss but it is also relative to the take profit but be aware of your lot size when placing the trade. learn 2 trade like a pro boafx.com

FreeForexSignals4u Oct 15, 2015

After the strength we had in the GBP yesturday with regards to the employment and wage figures and the possibility of the FED pushing the rate hike further back I would value the GBP back up at the 15650 level. So I am looking for a quick 1:1 risk reward on this trade by the end of the week boafx.com

FreeForexSignals4u Oct 14, 2015

We have a clear inverted head and shoulders pattern forming on the USDCAD which would indicate a further move back to previous sresistance. You can play it safe and wait until the price breaks the neckline or like me you could take entry where the second shoulder is forming at the current price with stops below the head

FreeForexSignals4u Oct 13, 2015

This is an opprtunity to get in on an existing trade that has had a sizable pullback on the breakout of the channel. We are looking to trade this one down to 15000 with a stop above 15840

FreeForexSignals4u Oct 12, 2015

We are expecting a sustained rally on Oil that should lead us into 2016 with a range between 60 - 80 $ However in the short term I would expect to see resistance at 5200 the previous support

FreeForexSignals4u Oct 12, 2015

Although we are currently in a downward correction from the June rally I expect this to be limited to the 50% fib which is 12800. The Oil price is helping the CAD hold onto its gains at the moment but the upside in Oil should be limited you can see the analysis on Oil in the linked charts. From the 12800 I would expect the USDCAD to post another rally back to...

FreeForexSignals4u Oct 7, 2015

With the technical breakout of the head and shoulders pattern on the daily and the GBP not really performing to its fundamentals at the moment we should see the pattern complete before a move back to its highs. Also the reduced rig count in the US has caused the price of US light crude to start a move up which will help the Canadian GDP the balance on this trade...

FreeForexSignals4u Oct 6, 2015

Over the last few weeks we have seen the GBP weaken considerably against most major currencies even though I would consider the GBP to be the second strongest currency at the moment. This gives us opportunities to get the GBP at great prices against some of these currencies and the JPY is my top priority at present. The BoJ are likely to add further stimulus by...

FreeForexSignals4u Oct 6, 2015

Analysts are expecting US equities to drop a further 10% which could drag the GER30 lower but I carn't ignore the price action at the moment and the PinBar on the weakly and the recent breakout of a consolidation on the 4hour chart leads me to think we are on the way back to 10000 posibly 11000

FreeForexSignals4u Oct 6, 2015

The futures market is showing a forcast of a huge increase in price over the next 12 months in the dairy prices which make up 7% of the New Zealands GDP. I am expecting to see an increase in the strength of the NZD over the coming months as it has been the weakest currrency for some time and dropped considerably against most major currencies. I am looking at the...

FreeForexSignals4u Oct 5, 2015

Although we are still bullish on this currency pair in the long term, the recent GDP data and Non Farm Payrole suggest a bigger pull back to previous support levels and resistance levels around 13000

FreeForexSignals4u Oct 4, 2015

After the weak Non Farm Payrole figures and positive comments from Mario Draghi last week I favour the upside for the EUR/USD. there is a nice rising channel formation on the 4 hour chart so I will be looking for a higher low and candlestick pattern to suggest a turnaround in the correction after the NFP on Friday. This is an early entry to the breakout of the...

FreeForexSignals4u Updated  Oct 1, 2015

Learn 2 trade FX like a pro - take the FREE course boafx.com - We spotted the pin bar within the channel last week and the analysis to break out completed yesturday - We now expect this to continue through to the previous high of 13350 and possibly 13450 in extension.