ForexTradingRoom

ForexTradingRoom

NZDCAD looks to be at the bottom of the rising trendline (taken from 2015/16 area). Wait for confirmation on daily candle to enter. Break below key wedge to enter long short. Happy trading

ForexTradingRoom

Gold has had a great rally, a retracement is now in place prior to the continuation to the upside. Either wait to enter at key level to go long or sell up to the turn. God luck trading

ForexTradingRoom

Observing the 1Hr chart we can see a clear break down on the DXY falling below the rising uptrend and forming a retest of the key support/resistance trendline. If we do not see a correction to the upside we anticipate a long term bearish momentum to the downside. GBPUSD (weighted average) Potential retracement prior to a strong move to the upside? (Await...

ForexTradingRoom

Quick trade setup looking to short the USDCHF. USD looking to weaken potentially we could see a rejection on the USDCHF to the downside USD Weighted CHF Weighted average Look for a turn to the upside Happy trading

ForexTradingRoom Updated 

Its been a long day but it looks like now is the time to short this pair. As we all know the Euro has started to weaken and looks likely to fall 1-1.3% over the coming weeks. Short until change of direction confirmed. Happy trading!

ForexTradingRoom

Wait for entry above daily candle to go long. Were looking at a long term long setup with an increase in position with strength. Happy Trading

ForexTradingRoom

Simple entry on the US30 all the way up, we shall be incrementing our position on the way up. Start small i.e. 1 lot building up your position size as we build in strength.

ForexTradingRoom Updated 

Hi All, Looking at the EUR weighted average chart, were looking to short once a confirmed break of the support area. Ideally we would like to see a break retest (return to support/resistance) to confirm our short positions. Confirmation will confirm a short across most EUR pairs. Good luck :)

ForexTradingRoom

Morning All, Great opportunity on the NZDUSD to short further. Happy trading

ForexTradingRoom

Morning ALL, Quick trade setup on the AUDNZD long position. Take a look at the AUD weighted average for a great long opportunity. The below chat highlights the entry Happy Trading

ForexTradingRoom

Hi ALL, Were looking at the GBPUSD this is a pair we do not like to trade at present due to the current climate and uncertainty that consistently surrounds this pair. GBPUSD can be so volatile and unpredictable that even technically with indicators and market sentiment a sudden news flash or tweet sends this market into 100 pip chaos. Here we take a look at...

ForexTradingRoom

Looking at the AXY there appears to be further decline due to key global and economic issues surrounding the USA, china and UK markets. Here we take a further look at shorting the AUDCHF pair and our reasons why. Australian weighted average 4Hr The Australian weighted average looks to have hit a key resistance level. Were looking for a bunce to the...

ForexTradingRoom

Trade entered were looking for a strong move to the downside on poor NZD data released this week. Short term 1-3 days Good luck traders :)

ForexTradingRoom

Here we can see the latest GBP weighted alongside the USDGBP and DXY, note the USD is strong are we looking at a false break to the highs on the GBP prior to a sudden fall to the downside? Were looking to short this pair on clear confirmation of a breakdown within the two keys areas on the chart Good luck :)

ForexTradingRoom

Hi All, We have been trading the EURUSD all year with a strong bias towards the downside. Looking at the monthly "EXY" Euro currency index we can clearly see a strong momentum building to the downside (falling wedge cycle). Observing the latest economic climate highlights the worsening slump within the EU bloc. With the ongoing Brexit and Germany looking...