Forextrening Live signals

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XAUUSD – GOLD
Gold is at the support for upside momentum to hold. SL on longs should be below 1290

XAGUSD – SILVER
Silver has to break 200 SMA at 205. Long should be initiated above this level.

 

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Live trading session
Market overview 15/07/2016

 

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Potential trade set-ups for the week

USDCAD short set up
Triangle is squeezing and is preparing for a breakout. Last week candle close is indicating bearish move and below 1.2840 we expect a test of 1.2541.

NZDUSD long and short set up
If we get a bounce from 0.7114 we will go long. With a break lower of this level short opportunity is coming up.

EURJPY long and short set up
Going long from a H4 signal in support area 114.090-115.401 for a move into 120-121 and then covering it with short.

 

[Lukas Schmidt]

which software do you use for your charts? Not MT4 right?

 

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which software do you use for your charts? Not MT4 right?

We are using Trade Navigator

 

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NZDUSD Potential long set up:

 

[Lukas Schmidt]

We are using Trade Navigator

Thanks. I will try it..

 

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Market update EURUSD 07/21/2016. See what could happen with EURUSD tomorrow

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Potential trade set ups for next week
USDCAD short set up
Triangle is squeezing and we had another false upside break of triangle so we see another move down in triangle for a test of 1.2870. We will watch price action for shorts.

Gold long set up
If we get another bullish candle from this levels we could go long for new highs 1430$

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$USDZAR pitchfork tool practical application
On a USDZAR chart we have identified two Pitchfork channels red colored and blue colored. Now we have a daily close below lower trend line of the red one which is clear bearish sign, after the median line rejection.

On the blue one we have a break of median line and a move towards lower trend line where is an intersection with 38.2% Fibbo of a 2003-2013 uptrend.
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$USDNOK pitchfork tool trading strategy
USDNOK is breaking to downside Pitchfork channel giving us an opportunity for a good RR short trade. Selling is preferred on market before today (Friday 12/08/2016) close. When this kind of a Pitchfork channel occurs either upside or downside we have high probability trading opportunities.

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Weekend trading video $DAX

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We cover all Majors, Crosses, Indices and Commodities. You will get Live trading signals real time on email, skype, viber, twitter private feed, NY session analysis of all major asset classes, Live trading sessions, Video analysis, Traders chat room, Trade Navigator free trial.

 

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Two JPY pairs on crossroads
NZDJPY and USDJPY pairs are positioned like on a crossroads bullish break or a bearish range with possible extended weakness. USDJPY as to be seen on chart is at the top of Pitchfork channel which is driving the pair lower. Also this could be H&S pattern below broken resistance of 105.500. We could see either a break of 104 which could lead to upside extension into 105106 zone or a bearish reversal from here to a H&S lower range 100 level.

NZDJPY is in a falling wedge and inside is broadening wedge. Te same potential is like USDJPY. It is touching the top of the wedge and 200 SMA hard resistance 75.200-75.800 zone. So either it will break this upper level or it will range down to 70 again for another inside wedge leg.

The resolution of this is expected near term and price action at this levels would give us fantastic trading opportunities.

 

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AUD/CHF is positioned for a range trade
On the AUD CHF chart we see that the pair is positioned for a range trade as many other pairs in the market. Difference here is that we have combination and confluence of uptrend line from January 2016 and 200 SMA 0.7252 level and a bullish candle formations just above the confluence. Enough reasons to expect a move up to at least 34 SMA 0.7393 level and possible extension higher into 0.7549 level which is an upper trend line of the wedge. Stop losses should be below 0.7240.

 

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Hello traders, in this article we will take a look at the USDCAD for the clues is the long term uptrend broken and where are the levels which would indicate this change in a trend from long term uptrend to medium trade downtrend.

On the weekly line chart we have marked the last higher low in an uptrend 1.2874 level which was broken to the downside in April 2016 and has now become the main resistance level for the long term uptrend breaking and acceleration to the new lows 1.1875-1.2000 zone. With a clear break of this level we would have new medium term downtrend established.

Additionally, on a daily chart the rising wedge (The Rising Wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. In contrast to symmetrical triangle, which have no definitive slope and no bullish or bearish bias, rising wedges definitely slope up and have a bearish bias), has been formed and the wedge had the three drives higher now rejected from 200 SMA (Blue line) 1.3227 level and also 38.2% Fibonacci retracement of the swing low Feb-Apr. 2016. This swing low has broken the 1.2874 level which we indicated as a last higher low in the long term uptrend. This level needs to be watched closely next days and weeks for a possible break out and a definite shift in the long term trend.

Medium term recommendations, technical analysis visit forextrening.

 

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Market watch – $USDNOK 10-12-2016
Every week a new trading opportunity !

On our market watch today is the USDNOK. After a huge break downside of important levels 8.0300 and 7.9670 the pair is making a retrace, and if we look at the swing down July-Oct 2016 38.2% is sitting just at 8.2403 and is lined up with broken wedge trend line and a falling LT trend line. Invalidation of this downtrend would be only in a case of 200 SMA break 8.3720 level.

Recommended trade size 10.000 units 0.1 mini lot, or adjusted to your risk profile and money management.

Preferred trading strategy along with the trend is selling at the end of the day with SL at 8.34000 targeting 8.0300 or lower with a trailing stop.

Medium term recommendations, technical analysis visit forextrening.

 

[Doan Ngoc]

Is there any Individual trader willing to share trading decisions with me. You can send me by email. I will pay for that. But you must show your myfxbook record.

 

[Abhi_Trivedi]

i want personal call

what about GBPUSD?

GBPUSD index touch 1.27913-1.30560 levels.

 

[Abhi_Trivedi]

Is there any Individual trader willing to share trading decisions with me. You can send me by email. I will pay for that. But you must show your myfxbook record.

I show your record but i think you have to check [URL Removed] records

personal suggestion