Tuesday, December 30, 2014

GBPUSD - Trading Signal - December 30th 2014


GBPUSD has traded below its support level before rallying higher and I decided to add to my long positions from December 22nd. I think we will see this currency pair trend higher and I will enter more long positions every 20 pips lower from here until we reach 1.5670. I expect traders will seek good long entry opportunities in this currency pair and should have more than one entry in this trade in order to reduce risk.

Tuesday, December 23, 2014

GBPCHF - Trading Signal - December 23rd 2014


GBPCHF rallied into its resistance level which is why I entered my first short position in this currency pair. I think resistance is strong enough for this currency pair to sell back down to its next support level. I will enter more short positions every 50 pips higher from here until we reach 1.8810. I expect forex traders will seek good short entry opportunities in this currency pair and should have more than one entry in this trade in order to reduce risk.

Monday, December 22, 2014

GBPUSD - Trading Signal - December 22nd 2014


GBPUSD sold off into its support level and I took a long position. I will continue to look for long positions in this currency pair as I  think we could see a rebound over the next few trading sessions. I will enter more long positions every 100 pips lower from here until we reach 1.5110. I expect traders will seek good long entry opportunities in this currency pair and should have more than one entry in this trade in order to reduce risk.

Thursday, December 18, 2014

AUDUSD - Trading Signal - December 18th 2014


AUDUSD continued its sell-off and I added to my trades from December 16th 2014. I will continue to look for long positions in this currency pair as I still think we could see a rebound over the next few trading sessions. I will enter more long positions every 25 points lower from here until we reach 0.8000. I expect traders will seek good long entry opportunities in this currency pair and should have more than one entry in this trade in order to reduce risk.

Wednesday, December 17, 2014

CADJPY - Trading Signal - December 17th 2014


CADJPY has corrected into its support level. I am looking for long positions in this currency pair as I expect a rebound over the next few days. I will enter more long positions every 25 points lower from here until we reach 99.45. I expect traders will seek good long entry opportunities in this currency pair and should have more than one entry in this trade in order to reduce risk.

Tuesday, December 16, 2014

AUDUSD - Trading Signal - December 16th 2014


AUDUSD has sold-off down into its next support level. I am looking for long positions in this currency pair as I think we could see a rebound over the next few trading sessions. I will enter more long positions every 25 points lower from here until we reach 0.8115. I expect traders will seek good long entry opportunities in this currency pair and should have more than one entry in this trade in order to reduce risk.

Thursday, December 11, 2014

CADCHF - Trading Signal - December 11th 2014


CADCHF has dropped back down into its support level. I am looking for long positions in this currency pair as I expect a rebound over the next few days. I will enter more long positions every 20 points lower from here until we reach 0.8380. I expect traders will seek good long entry opportunities in this currency pair and should have more than one entry in this trade in order to reduce risk.

Tuesday, December 9, 2014

EURUSD - Trading Signal - December 9th 2014


EURUSD has rallied into its resistance level during a strong bullish move which is why I am looking for shorts in this currency pair. The rally was powerful as forex traders covered their short positions and I think it we will see a correction from the double top formation. I will enter more short positions every 20 pips higher from here until we reach 1.2380. I expect forex traders will seek good short entry opportunities in this currency pair and should have more than one entry in this trade in order to reduce risk.

Monday, December 8, 2014

EURAUD - Trading Signal - December 8th 2014


EURAUD has rallied into its resistance level during a strong bullish which is why I am looking for shorts in this currency pair. The rally was powerful and I think it will not hold before a correction takes place. I will enter more short positions every 50 pips higher from here until we reach 1.5000. I expect forex traders will seek good short entry opportunities in this currency pair and should have more than one entry in this trade in order to reduce risk.

Thursday, December 4, 2014

Silver - Trading Signal - December 4th 2014


Silver has rallied from its support level and has now entered its resistance level from where I do not think it will be able to continue its advance. The rally was very volatile and I am looking for a reversal. I will enter more short positions every 25 points higher from here until we reach 17.00. I expect traders will seek good short entry opportunities in this commodity and should have more than one entry in this trade in order to reduce risk.

Tuesday, December 2, 2014

EURUSD - Trading Signal - December 2nd 2014


EURUSD has dropped significantly today and is trading below its support level. I am looking for long positions in this currency pair as I expect a sharp rebound tomorrow. I will enter more long positions every 25 points lower from here until we reach 1.2330. I expect traders will seek good long entry opportunities in this currency pair and should have more than one entry in this trade in order to reduce risk.

Monday, December 1, 2014

GBPJPY - Trading Signal - December 1st 2014


GBPJPY continued  rally since my last look and extended its resistance level which is why I am looking to add to my short positions in this currency pair. The rally was greater than 1,000 pips and continues to increase, but at a much slower pace. I will enter more short positions every 50 pips higher from here until we reach 1.8810. I expect forex traders will seek good short entry opportunities in this currency pair and should have more than one entry in this trade in order to reduce risk.