cfdtrading_news

cfdtrading_news

GBPJPY has broken out to the upside, one of the first JPY pairs to establish a clear upwards trend on the daily chart. Now, though, it has pulled back to the area it broke out from, and more over, candlesticks are showing signs of reversal there. As such, I've set an order to go long at 173.15, with my st op at 172.60 and my target profit at 175.25....

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This might be seen as a distribution pattern going back to late February of this year, in the eyes of some. Since then, we've seen price form lower highs. Now, we've pulled back to the 50% Fibonacci retracement level from the recent swing low to swing high, which intersects with a natural horizontal resistance level. As such, I placed an order to short at...

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GBPCHF is clearly in an uptrend, as the channel on the chart illustrates. We've pulled back 50% from the recent swing low to swing high, and are consolidating at a support level here. This consolidation after a pullback is what intrigues me, and led me to go long at 5245 with my stop at 5200. I'm targeting 5380, the top of the price channel, as the point to take...

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A classic setup here, in which price is clearly in an uptrend -- market is establishing higher highs and is above the 50 SMA and the 200 EMA -- and has pulled back 50% from its recent swing low to swing high. This is a swing nice buying opportunity, as the 50% pullback coincides with support, and as yesterday's candle formed a long wick off this support --...

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I've put some orders in to go long AUD over the past couple trading sessions, but those orders didn't get filled; the market ran off without me. I do think there may still be an opportunity on AUDJPY, though. If price can pullback about 25 pips (at the time of this writing) from 95.60 to 95.35, it will fall back to a key support level. I have an entry placed...

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Technically we have seen volatility contract and a tight range form on many AUD currencies. I've already got an order to go long AUDUSD based on a very similar technical setup to what we're currently seeing on AUDCHF, so I added an order on this pair also. My stop is at 8306, my entry is setup for 8356, and my target profit is 8506. www.informedtrades.com

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This is the exact same trade I put on several weeks ago, which benefited from the RBA decision to keep rates the same and the Fed's more dovish comments. That allowed its profit target to be hit relatively quickly, though recent comments from Glenn Stevens of the RBA caused price to fall right back to support. As such, I'm putting on the same trade again....

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Glenn Stevens of the Reserve Bank of Australia made some comments favoring a weaker Australian dollar that presumably contributed to a decline in AUDUSD. Of course, central banks talking down their own currencies in the wake of the 2008 financial crisis is nothing new. And while it may have created a noticeable short-term effect, I think it will hardly be...

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I had put on the exact same order last week, only to cancel it yesterday as I did not find the price action favorable. Today we have a solid up day, though, so I am putting the same exact order back on as bulls have put up some strength and shown themselves to be interested in defending this level. In hindsight, if I had not cancelled my order from yesterday I...

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AUDCHF has pulled back to a key level that was established in May of this year. Back then it was a resistance level; today it is a support level. It also coincides with the 61.8% Fibonacci retracement level of the recent swing low to swing high. Price is also above the 50 SMA and 200 EMA. In light of all these factors, I'm set to go long at 8356. My stop is at...

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GBPAUD pulls back to the 50 SMA, and to the 50% Fibonacci retracement from a recent swing low to swing high. Price is also above the 200 EMA. I found these factors, as well as the general behavior of the candlesticks on the daily and 4 hour timeframes, enough to warrant taking the risk here to put on a trade. I'm set to go long at 8020, with my stop at 7970 and my...

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I'm short EURUSD, and seeing weakness on other Euro pairs -- namely EURJPY. At the same time, a reversal candlestick has formed on virtually all yen pairs that suggests the yen may be due for a rally on the daily chart. Here we see EURJPY in a downtrend, with price pulling back to the 50% Fibonacci retracement level of the recent leg down that coincides with a...

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Unfortunately it might be, and I'm certainly disappointed I missed a trade I should have put on yesterday. But nonetheless I've put my order on to short at 3610, with my stop at 3650 and my target profit at 3485. We're in a clear downtrend, price has pulled back to the 200 EMA (which is also the 61.8% Fibonacci retracement) and we are seeing shooting star...

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NZD is showing some signs of weakness, and the technical setup I liked best was long AUDNZD. Here we see price fall to support, which is also near a 61.8% Fibonacci retracement level, and the bottom of an upwards price channel as well. The 50 SMA is not far off above. These factors, as well as yesterday's doji-like candle, led me to place an order to go long at...

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AUD is showing some signs of strength on other pairs -- I just entered a long AUDUSD order -- and so I was especially encouraged to see price retrace to support in an uptrend on AUDCAD, and then to see bulls step into defend that level a bit more. We are also at the 50% Fibonacci retracement from the recent swing low to swing high. This setup involves entering...

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Today is a big FOMC meeting, in which the US Federal Reserve is expected to announce a continuation of tapering as well as additional potential hints as to when a rate hike might come. Technically, I'm seeing some signs of AUD strength across the board, and on AUDUSD, we see price at a trendline, at horizontal support, and right above the 50 SMA and 50% Fibonacci...

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I shorted this pair based on the rallying I'm seeing on NZDJPY across the board, and based on the triple doji that is information at resistance as well. Price is below the 50 SMA and we do have a pattern of lower highs. I had placed a similar order yesterday that had not gotten filled; in light of the candlesticks, though, I revised this order to enter at a lower...

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A nice setup on GBPCAD, in which price is stalling at resistance -- i.e. the daily range is getting narrower, volatility is contracting -- which is coinciding with a 50% Fibonacci retracement as well as the 50 simple moving average. With these signs in place, as well as signs of CAD strength across the board, I'm shorting GBPCAD at 8390. My stop is at 8495, with...