Larger Picture for AUDUSD - forex market news trading

Larger Picture for AUDUSD ~ forex market news trading

This is the larger picture for AUDUSD. The next target for the bull is 0.98400 before a retrace is expected.

I dont trade AUDUSD regularly, but that is where I am watching for a long term trade. As you can see, I have a sell order waiting at 0.99990. This is not recommended for short-term traders. This is purely a long term trade and I am willing to wait for over 500 pips or more. This can take weeks of even months to happen so be warned.

I dont expect it to get there, but would be a pleasant surprise if it does. 0.98400 - 0.99000 is the area I will be willing to pull the trigger manually, if I see a sell signal on the weekly. At that point AUD will damn too expensive against the dollars.

These areas are obvious in the daily and weekly charts attached.

Happy trading!
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The Secret Weapons 147 50 157 50 1000 PPPA - forex trading economic news

The Secret Weapons 147 50 157 50 1000 PPPA ~ forex trading economic news

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THE MASTERTRADER E BOOK SERIES IS OUT - forex news trader ea

THE MASTERTRADER E BOOK SERIES IS OUT ~ forex news trader ea

It is my pleasure to to inform my visitors that my online-foreign exchange (forex) e-books are out.  The books come with live training sessions via Skype.  These books contain high-quality trading techniques and do not come cheap.  Only serious traders are advised to express interest.

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Cable out of 200 pips box - forex market monitor news

Cable out of 200 pips box ~ forex market monitor news

Cable has broken out of the 200 pips box and appears to be heading toward the next box. Price movement is simply a matter of habits. History keeps repeating itself over and over again.



Look at the candle between between 1.57147 and 1.58534 both on the way up and down. I single H4 candle. Also look at the candle on the way down from 1.60000 which closed on 1.56396 and the current candle which took which close outside the box.



If we break the resistance at 1.58535 our next destination is most likely the next zone between 1.58535 - 1.60000. If the resistance hold however, we have landing where the candle took of from i.e. 1.57000 - 1-55000
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MONTHLY OUTLOOK GBPJPY - forex news trader ea free download

MONTHLY OUTLOOK GBPJPY ~ forex news trader ea free download

THE YEN OUTLOOK FOR APRIL 2013

The Yen pairs having reach their highest price so far in 2013 have been consolidating within a concrete zones ranging between 700-1000 points since February 2013.  These ranges have now been narrowed down to about 500 pip each as follows:

GBPJPY   -  140-145
EURJPY   -  120-125
USDJPY    -  90-95
AUDJPY   - 95-100
NZDJPY   -  75-80

The range could be seen clearly in the Monthly and weekly charts attached.

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USDCHF Analysis - forex market moving news

USDCHF Analysis ~ forex market moving news

USDCHF is currently close to its historical low level of 0.96360 recorded in March 2008. The monthly and weekly candles however show that the pair is still descending. This could be attributable to the general weakness of USD against most major currencies. I must admit however, the pair is very tempting for long. The best option if you are trading this currency long-term is to wait for the trend reverse and follow it. A weekly candle close above 0.98963, which is a very strong support will confirm the reversal. This is an area I will be watching


For a short term trade the sell signal was given by M15 on 0.97161. The best option for short term trading is to wait for another signal sell signal on M15.

The points are clearly indicated in the charts below
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