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Showing posts from November, 2010

Forex Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . There are 2 reports of HIGH importance due out today, the euro-zone CPI at 10am and the USD Consumer Confidence at 3pm. . The market is currently trending sideways. A pending Buy order has been placed just above the Pivot point at 15576. A pending Sell order has been placed just below S1 at 15500.

Forex Day Trading - EUR/USD

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This is the 2Day 5Min Chart for EUR/USD . There are 2 reports of HIGH importance due out today, the euro-zone CPI at 10am and the USD Consumer Confidence at 3pm. . The market is currently trending sideways. A pending Buy order has been placed just above the Pivot point at 13158. A pending Sell order can be placed either at the 38.30% Fibonacci retracement at 13056 or just below S1 at 13007.

Swing Trade Opportunities on EUR/USD

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This is the 1year Daily Chart for EUR/USD . The market is currently trending downwards and it is below the MA50. There are also a lot of concerns in Europe following the Irish bailout and worries over the economies of other european countries such as Portugal and Spain. . I have placed a pending Sell swing trade order at the 38.20% Fibonacci Retracement at 13056.

Forex Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . Currently in a BUY trade and Stop loss moved to opening level. . A pending SELL order has been placed just below the Pivot point at 16043 which is also now below the MA50. . No change in Pending Orders position for EUR/USD.

Forex Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . There is a report of HIGH importance due out at 10.30am. Trade cautiously before 10.30am. . The market is currently trending sideways. A pending BUY order has been placed just above the Pivot point at 16047 and a pending SELL order just below S1 at 15904.

Forex Day Trading - EUR/USD

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This is the 2Day 5Min Chart for EUR/USD . There is a report of HIGH importance due out at 10.30am. Trade cautiously before 10.30am. . The market is currently trending sideways. A pending BUY order has been placed just above the Pivot point at 13832 and a pending SELL order just below the Support of the Market at 13733.

Forex Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD. . The Bank of England Rate decision is due to be announced at 12noon and the European Central Bank Rate decision at 12.45pm. Trade extremely cautiously before these times. . The market is currently trending sideways between R1 and the Pivot point. A pending Buy order has been placed just above R1 at 16175 and a pending Sell order just below the Pivot point at 16088.

Forex Day Trading - EUR/USD

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This is the 2Day 5Min Chart for EUR/USD. . The Bank of England Rate decision is due to be announced at 12noon and the European Central Bank Rate decision at 12.45pm. Trade extremely cautiously before these times. . The market is currently trending sideways between R1 and the Pivot point. A pending Buy order has been placed just above R1 at 14190 and a pending Sell order just below the Pivot point at 14088.

Forex Swing Trading - EUR/USD

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This is the 1year Daily chart for EUR/USD . The market is approaching the 23.60% Fibonacci Retracement. . A pending swing trade buy order has been placed at 14196.