Currencies (FOREX)

The Foreign Exchange market is one of the most popular ones and it’s growing rapidly every year. Before electronic trading became commonplace currency trading was accessible only to large financial institutions, corporations, banks, hedge funds and extremely wealthy individuals. The Internet changed all that and now it’s possible for anyone to trade Forex with one mouse click through online brokerage accounts. Online forex trading never sleeps and goes on all around the world 24 hours per day, 5 days a week.

Forex market is more of a speculative market, with no physical exchange of currencies ever taking place, unlike for stocks or futures. All members trade based on credit agreements without clearing houses to guarantee the trades or arbitration panels to adjudicate disputes. The purpose of Forex trading is to buy or sell some currency with the goal of making profits through future purchases or sales. Forex traders analyze charts thoroughly in order to catch the right moment for a deal. Technical analysis of historical data is done with the help of popular analytical indicators and drawing tools, which are available directly from TradingView charts.
AUDUSD, 240 Neutral
13 2127
Hi Guys , the AUDUSD is at the bottom of the up trend. Wait for a flag before any sell. It could still make another high based on the type of structure it's making.

Remember trading is forecasting , you first make a forecast as to the direction of the market then you take a trade in that direction , so if you can't forecast you can't trade.

Trade with care
Thank you for your support.
1 1208
Next month, the BoJ will announce a fiscal expansion, they also announce a new QE?

Hello Traders! We hope that our analysis can help you in your trading and if you are interested to receive real-time updates about this analysis, click on "I Like" BUTTON on the chart.
... thank you very much!!

USDJPY, 240 Long
57 9960

Looking to buy the bottom of this
u can buy the break out.

SL should be below 99.50
USDJPY, 60 Neutral
7 429
Like, Follow and share

After a strong upward move. it might be possible that USDJPY will retrace till then given level. what I suggest is to take a long position after retracement as the over all trend of USDJPY is upward
XAUUSD, 60 Neutral
1 752
It's only supposed movement.
Think of the potential risk of loss in advance,when you choosed to follow this plan.
USDCAD, 240 Short
5 497
Hey, mates. Gartley pattern is completed. Cheers
USDCAD, 60 Long
11 311
Trading above 1.3025 will Trigger the Long-flag --> TP 1.3125
The flag-consolidation can reach down to the 38,2 fibo @ 1.2926 without threatening he flag . The RSI signs a weak selling-Signal
Regards Mary

Dear followers -i miss you and your comments!
5 340
The Pair USDCHF is near to critical zone. It can drop from here! and will have a nice trade after that!

Trade according to your own Strategy.
Comment your views below.
EURUSD, D Neutral
53 3994
A single Trend continuation Triangle Pattern Forms in four different formations. Please look at the chart for Further details.
AUDJPY, 240 Long
2 421
Price has broken above a three wave correction, after an impulsive upmove. We should wait for a buy setup to complete ideally after price consolidates above the broken level.
USDJPY, 30 Short
13 156
Keeping a close eye on USDJPY at these levels and watching for a break of descending triangle pattern support for a short entry.
EURUSD, 15 Long
8 363
If we get down to 1,1182 before breaking the point of C we have a completed Cypher and we may go long.

Check you data from your broker since the C-leg is barley valid.

This is not a signal, nor should you take this idea for anything but an idea. I am in no position to tell anyone what to do. I only want to create discussion, and to train my eye.. Good luck to everybody in the markets.
XAUUSD, 60 Neutral
6 384
Hello, guys.

So here wa start, let's see is it a good idea. :)

If you have any questions let me know.
USDJPY, 240 Long
4 407
Ok, first. I'll describe what is going on now and then I'll let you know what I think is going to happen longer term.

What you are seeing is the move up from the lows set on 8/16. My members were alerted to go LONG on this pair back then expecting this move higher and have already banked +183 pips (+366 pips actual) on this move up by closing half our positions and leaving another half to keep running (let winners RUN!) for more profits. But the reason I had advised to close 50% of the positions and go ahead and put that money in their pockets is because prices have now complete the crab/bat combo patterns here and I expect that prices will now pullback before moving higher again. I'll be alerting my members as to when is a good time to again BUY for another push higher. Are you LONG yet? Do you want to be alerted?

I published this MONTHLY CHART to my members back on July 31st alerting my members to the STRONG possibility that we may get a nice reversal coming and to prepare for that. This chart shows that prices were hitting the LT DT and bouncing off of it. ...

Here's the updated MONTHLY CHART. showing that the TL is still holding and rejecting any price declines from heading lower.....

As you can also see on my MONTHLY charts here that this move down I have labeled as the wave A of a MUCH larger wave (B) decline. That means that the next move up would be the wave B of (B). Hardly the "exciting wave" we are looking for. No, that will have to wait for later and that would be the wave C of (B) down. Won't happen for a few months at the very least. BUT we can trade this wave B which we are doing. My members and I WILL be banking hundred and hundreds if not THOUSANDS of pips on these upcoming moves. What will you do? You can struggle on your own or join us and make BANK!

Here's the updated WEEKLY chart showing prices dancing and being rejected by that DT TL....

And here's the DAILY chart I published back a week ago forewarning that we were to see a bullish move upcoming and to hold on to the BUY trade I issued on 8/16. In fact, I am so sure of it that I closed my previous 2 SHORT trades that I had held for almost 12 MONTHS and banked over +13,000 pips on them!

Here's the updated DAILY CHART showing what I think is possible for this move up. There are 2 POTENTIAL patterns that are relevant here. A Gartley and a Bat:

So you see that overall, I am now QUITE BULLISH on USDJPY for the next few months at least.

We've already banked (NOT paper profits! REAL MONEY!) over +366 pips on this move up that we predicted to happen 2 weeks ago. We're going to be banking A LOT MORE! Will you? Or are you letting penny-pinching get in your way? This month alone in August, we've already BANKED over +3700 pips in our trades. And we have some more open trades we have not even closed yet! Those profits are not even included yet (since they are only paper profits). Wanna join us and cash in? It's easy. Just CLICK HERE.
9 512
The monthly downtrend appears to be about to end. After the month closes, I expect gbpjpy to head back to the 160 handle over time at least. You can go long risking a decline below 132.233 once the market opens today.

Good luck!

Ivan Labrie
USDCAD, 120 Long
0 257
Took a long trade on USDCAD from 1.3008 hoping for move up to continue after bulls are looking like they took control of 1.30 area.
NZDUSD, 60 Neutral
0 287
One of my favorite pairs for a trade set-up is NZDUSD as price action suggests that ending diagonal is finished at 0.7380 mark. As such weakness with sharp moves may continue this week but after a corrective set-back that may retrace up to 0.7270-0.7290 resistance region as red wave (2).
18 3022
Hello friends, sorry been busy recently haven't had a chance to post. (I post quick ideas on twitter while being away here, you can follow me there @thefxchannel).

This is my trade on the EURAUD, looking for bullish resumption for the latest bullish wave after the recent pause and pullback. I have three targets, first aiming to get a quick trade. Second for more potential and Third for a great risk-reward.

All my ideas are just my personal view. Trade Your own view.

Likes and comments are appreciated and would keep me going ..
If you a question or would like to talk you can SKYPE me at : Technician - The Forex Channel
My Regards,