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Forex Blog Market Analysis - Forexmospherians.com

forexmospherians (52)

USDCAD | Daily Market Technical Analysis

Current UCAD Trade 838 Pips Short

USDCAD Basic Chart Patterns, Line Patterns, Support and Resistance, SMA and what they mean to the Technical Trader.

UCAD Daily Chart Patterns

Head and Shoulders sighted = Bear

Rising Channel Sighted = Non Trading Zone…

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We have witness a really strong bull market for EURUSD so far this year. So in my view, the market has just reached the 1st half of a bigger move upwards. The market currently refused 1.2 with Head and Shoulders chart pattern, so it is more than likely that some shorting EURUSD is ahead, but caution is required as all market sentiment can revert back to the bull market at anytime.

A strong argument for EURUSD long as described in my comments to Pixta's photo post is also supported from the idea that Trump with Mnuchin want to see weaker USD, because of the US based companies' competitiveness. US Treasury Secretary Steven Mnuchin said moments ago on CNBC that "having a weaker dollar is somewhat better for trade".

In this context Trump said to Germany in May: "If you want to build cars in the world, then I wish you…

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EURCZK Daily Forex Technical Analysis

Daily EURCZK

The Basic Forex Technical Analysis:

Narrow Sideways Channel and entry strategy thinking along the lines that the market will eventually breakout.

Channel Breaks = Bear Market

Price Action held under 200 MA = Bear

Declining Channel Identified

Current Price Action at Horizontal Support.

NB and some Forex tips for the note book:

The Daily is the Driver. 

The Market Breaking out of the channel will have an anticipated target of the length of the original channel formed before breaking out.

50% Retracement Rule will tend apply to this strategy and pattern.

Mid time frame to correlate to the daily. M15 and below for entry/exit.

Follow the Trading Rules set out in the …

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GBPAUD | Foreign Exchange Markets

GBPAUD Technical Market Analysis:

Main Trend broke the downtrend to begin a bull market.

Currently held at support and resistance which is identified on the Forex chart above.

Smaller timeframes required to day trade or scalp.

Looking for a break of s/r. Will keep a close eye for either direction breakout. 

It is possible that a great swing trade maybe setting up. These tend to be the stronger signal for position trades for a conservative trader and larger pip profits involved.

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Synchronicity in philosophy is regarded as experiencing two or more events that are causally unrelated but are experienced as occurring together in a meaningful manner. It was first described by Carl Jung in the 1920s. There are various definitions and interpretations of the theory and in places opposed or dismissed but as usual it is best to let the reader decide if and when the theory is applicable or not, naturally based upon their own experiences and lines of thought.

For me at least, Synchronicity does occur if a person was to learn to look for it and directly linking to Forex, the specifics and the importance of targeting this in Price action pattern trading for the Foreign Exchange Markets is a given, i.e A reversal followed by another reversal and a…

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EURUSD Forex Chart Patterns Long

Forex Technical Analysis with Chart Patterns, Support and Resistance, Multiple Time Frame Analysis.

EURUSD Daily and M15 Foreign Exchange Charts

EURUSD break long Daily Rising Wedge Pattern - Support 123b 1.0400, plus support 123b plus support 123b, soon after patterns for flat line = NSC in minor TF and breaks long again. Looking for scalp entry long in the minor frames and found through horizontal resistance on daily along with M15 entry pattern.

Current PA breaks the Daily wedge to indicate…

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GBP-JPY Forex Chart Patterns Long

Forex Technical Analysis with Chart Patterns, Support and Resistance, Multiple Time Frame Analysis

GBPJPY break long 1 Hour Channel - Support INV, MC plus MC PLUS DC and support from 139.00 entry on the bounce. Soon After Pattern Ascending Triangle breaks Long again and considered as Long continue.

Patterned for potential Bull Horns at resistance, Support found off previous resistance for Ascending Triangle.

Breach Bull horns = Continue Long

Current hold 300 pips long.

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AUDJPY shorted this Forex currency pair twice @85.27 on 31st April and @83.56 6th April and holding.

Strategy to trade with the H1 Market Trend. Sell on break of swing.

Market Analysis is most Aussie pairs are in a down trend and holding both trades at 305 pips and 134 pips.

Thanks to Sir Gissachance who gave the heads up to short Aussie pairs in his last video. Anyone who pays attention to the detail in these secret Forex coded videos will know what to look for once…

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Forexmospherians Set Fire to the Rain

Foreign Exchange Markets Technical Analysis, Support Breached with the Trend, Entry and Hold. Stop Loss at ISSL. Target set to Normal Settings.

Best regards,

Sir Gissachance…

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GBPAUD watched it Burn

Foreign Exchange Markets Trend Trading GBPAUD through Technical Analysis.

3 Hour Dynamic Support and Horizontal Resistance identified. EPR trading the break out. Dynamic Support Breaches and the short trade is on. Minor Frame Entry. Scalped Short and held another Short trade in the direction of the trend. Stop Loss…

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Forex Blog Market Analysis - Forexmospherians.com

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