EURUSD Market Pivot Point On April 30 (updated) - mb trading forex reviews

EURUSD Market Pivot Point On April 30 (updated) ~ mb trading forex reviews

EURUSD market Pivot Point results On April 30, 2015. This results was generated by using our HotForex tools. And this tool has been generated from the Floor Pivot points , Woodie Pivot Points, Camarilla Pivot Points, Demarks Pivot Points.

For other Currency market pivot points, please to use our tool here : Forex Pivot Point Tool Gerenator. I Hope it will be useful for you. Thanks for visiting my blog. Good luck in your trading Forex. Regard, Tom Berlino.

Auto generate pivot point tool for currency market of EURUSD.

More info for EURUSD Market Pivot Point On April 30 (updated) ~ mb trading forex reviews:

Read more

Will Gold hit 1000 before the year runs out - forex live trading room reviews

Will Gold hit 1000 before the year runs out ~ forex live trading room reviews

In recent weeks, Gold has been trending down rapidly breaking barriers along the way. Will this dip continue? Well its just a matter of time.

Going by the weekly chart,price broke out of a triangle in high momentum after 14 months of formation. This triangle marked the successful completion of wave 4 .

 Price is running down to complete this impulsive move which could end at 1000 ( the next support) before the year runs out

The intra day (H4) chart is not contradicting the bearish move. The bearish move that happened immediately after the triangle formation has successfully completed three waves.

 Presently, its enclaved in the triangle of its own which will be completed at the successful break of the lower boundary of the triangle.

In the other way, price might break the upper boundary of the H4 triangle to test the resistance at 1240 thereby forming a zigzag corrective pattern instead of the current triangle before resuming the bearish move.

The breakout of the H4 triangle is very important to what corrective pattern we could have. A break below it will make gold dip and head to 1000 while a break above it will test 1240.

As price moves further, i will keep an update. Dont be far.

Let me add you to my mailing list to alert you of my latest findings.Send your e-mail to forexmaster05@yahoo.com

More info for Will Gold hit 1000 before the year runs out ~ forex live trading room reviews:

Read more

Ending diagonal on Gbpchf - forex trading mentor reviews

Ending diagonal on Gbpchf ~ forex trading mentor reviews

I have some good runs on this pair and its stance to form patterns that I vividly understand makes me stay close to it.

Price is presently resuming the general bullish run which started in 2013. The general trend is Up! 

We saw the end of the 2nd wave zigzag corrective pattern and the resultant up move which broke  the resistance zone (indicated by the blue rectangle) showed that the correction is over and the trend has resumed upside.

Price is showing the end of wave 3 of the motive wave 3 with an ending diagonal which would make us expect a sharp corrective move downside. This resultant corrective move should end between 1.5430 and the support zone (1.5314-1.5280) before the bullish trend resumes.

Any dip below the support zone indicated will be a threat to the bullish trend.
I am expecting more price data/candles to ascertain the next big move
I will keep an update.

More info for Ending diagonal on Gbpchf ~ forex trading mentor reviews:

Read more

Cadchf In a Triangle - forex trading machine review

Cadchf In a Triangle ~ forex trading machine review

On 23rd of september, I posted my view on this pair based on elliot wave analysis, you can read here.

Price has not been moving downwards as i forecast. With more price candles formed especially on the 4H chart, I have now come with an alternative wave count. Let me stress it that the two wave counts are still valid until price proves one correct and the other incorrect.

Price presently is consolidating in a triangle pattern and a break below it will support the bears and the first wave count will thereby be valid.

Going by the alternate wave count, the 5-wave bullish impulsive move explained in the first analysis might not be ended yet, It could be the wave 1 of the 5th wave of the impulsive move which started from 0.8400 support level and the present triangle could be wave 2 of 5.

 If the triangle is broken upside, price should continue the upside move to 0.8690-0.8700 which is a strong resistance.

Breakout of the triangle should decide the next medium term movement of this currency pair and I will watch out closely to be part of the move.

I am presently out of my bear position. I want to be sure of the next move before I join again.
I will keep an update of this pair as price movement unfolds

More info for Cadchf In a Triangle ~ forex trading machine review:

Read more

EURUSD Market Pivot Point On April 28 (updated) - new science of forex trading reviews

EURUSD Market Pivot Point On April 28 (updated) ~ new science of forex trading reviews

EURUSD market Pivot Point results On April 28, 2015. This results was generated by using our HotForex tools. And this tool has been generated from the Floor Pivot points , Woodie Pivot Points, Camarilla Pivot Points, Demarks Pivot Points.

For other Currency market pivot points, please to use our tool here : Forex Pivot Point Tool Gerenator. I Hope it will be useful for you. Thanks for visiting my blog. Good luck in your trading Forex. Regard, Tom Berlino.

Auto generate pivot point tool for currency market of EURUSD.

More info for EURUSD Market Pivot Point On April 28 (updated) ~ new science of forex trading reviews:

Read more

A new look at Cadchf - day trading forex live reviews

A new look at Cadchf ~ day trading forex live reviews

Before I start,please take time to read my last post on this pair (click here).

Price broke the triangle I talked about and went back immediately giving me no real chance of buying.

The congestion is not looking over yet as we have price moving up and down to form a larger triangle.

As price adds up to itself, we ask ourselves, are we still in line?. Being able to follow price and allowing it to connect with us is very important. Thats why I chose elliot waves analysis as my primary tool.

With what price came up with of recent, it shows clearly that the first corrective wave ( wave 2) of wave 5 of the impulsive moves ( in blue) is about to be completed as a triangle corrective pattern. 

If this is anything to go by, we expect the price to break the upper line of the triangle for an explosive move upside. I will wait for a chance to buy at the break to target 0.8810.

Conversely, if price breaks the triangle downwards, what we will be having is a complex correction or temporary change in trend which requires more studies and patience.

Either way, price determines where it goes and we just have to understand him and follow. We should see a real action next week.

Connect with me on whatsapp: 2348134820569

Facebook: Sanmi Adeagbo

Twitter: @Forexelyte

BB Pin: 7FF79963

Let me also add you to my mailing list to alert you of my new post...                                                  E-mail: forexmaster05@yahoo.com

More info for A new look at Cadchf ~ day trading forex live reviews:

Read more

Weekly Support and Resistance - forex signals trading systems to autotrade for free

Weekly Support and Resistance ~ forex signals trading systems to autotrade for free

EUR USD Weekly Chart Analysis

Support and Resistance levels

Daily EURUSD Support Resistance in Forex

The EUR/USD High of 2012

acted as resistance before this chart price level got broken (see red circle = breakout timing) and the yearly high acted as support in the beginning of February.

However, this important chart level got broken to the downside again with the second test on the 7th of February (First test was the green candle on the 5th of February).

The Chart illustrates the changing role of major support and resistance depending on price action.

The green ellipses on these charts show consolidation patterns, which most often act as continuation pattern like bear/ bull flags or pennants.


In addition, the orange arrows on the chart below illustrate the importance of these consolidation price zones as potential Support and Resistance levels. Furthermore, the charts also show the importance of Pivot Points, which often act as Support/ Resistance too. Another important tool of the chart analysis is the 61 % and 100 % Fibonacci Extension, which shows potential hidden Support and Resistance levels (see last chart).

4 hour Consolidation patterns, S/R, Pivot Point

1 hour Weekly Chart Update EUR/USD Technical Analysis

5 min Head and Shoulders pattern, Neckline, EURUSD

More info for Weekly Support and Resistance ~ forex signals trading systems to autotrade for free:

Read more

EURUSD Market Pivot Point On April 29 (updated) - forex trading for newbies review

EURUSD Market Pivot Point On April 29 (updated) ~ forex trading for newbies review

EURUSD market Pivot Point results On April 29, 2015. This results was generated by using our HotForex tools. And this tool has been generated from the Floor Pivot points , Woodie Pivot Points, Camarilla Pivot Points, Demarks Pivot Points.

For other Currency market pivot points, please to use our tool here : Forex Pivot Point Tool Gerenator. I Hope it will be useful for you. Thanks for visiting my blog. Good luck in your trading Forex. Regard, Tom Berlino.

Auto generate pivot point tool for currency market of EURUSD.

More info for EURUSD Market Pivot Point On April 29 (updated) ~ forex trading for newbies review:

Read more

Pivot Point Trading - forex forecasts and trading signals

Pivot Point Trading ~ forex forecasts and trading signals

Daily and Weekly Pivots

Pivot Analysis

The hourly and the 5 min EUR/USD Chart below illustrates the importance of Pivot Points. The Euro traded between the weekly Pivot and the weekly Support 1. The weekly S1 provided support and the weekly Pivot acted as resistance.

Furthermore, the hourly Euro Chart shows a Continuation pattern (green ellipse - kind of Bear Flag). After market touched the 10 SMA  price went down, triggered the Continuation pattern and market price moved to the lower boundary of the trading range - weekly S1, whereby the Euro temporarily consolidated at the hourly 200 SMA (black dotted line).

The orange arrow shows that the consolidation price zone of the prior continuation chart pattern acted as resistance after the Euro temporarily breached the daily Pivot point and tested the consolidation price zone for the fist time. The second  test of the daily Pivot and the Consolidation price zone could not held the Euro (second test during a short time) and the market price moved further north to the upper boundary- the weekly Pivot point.

The 5 min chart below shows how the EUR/USD repeatedly failed to break the upper boundary (weekly Pivot). The lower boundary - weekly S1 - held after the unconfirmed break of the weekly S1, which created a kind of Hammer or Doji candlestick pattern on the chart. Another Continuation pattern and the 61.80 %  Fibonacci extension level are illustrated on the 5 min EUR/USD chart below.

1 hour Chart Analysis EURUSD - Pivot Points

5 min Candle Hammer, Doji and Pivot Points

Another Intraday example of the importance of the Pivot points on the 5 min EUR/USD Chart below

Trading Pivot Points in EURUSD

Pivot Point Support/ Resistance

The Pivot Points (Daily Pivot, Daily S1 and Daily R1) were important intraday Support and Resistance levels.


At 10:45 a.m. GMT market tested the daily Support 1. With the beginning of the new hourly candle at 11 a.m. the Euro tested the daily S1 again and market closed at this support level before breaking it for a short shakeout (Breakout Trading/ Timing with new candle-red circle). The same pattern approached at 4:25 p.m. at the daily R1.

The Euro formed a Continuation Chart Pattern at the daily Pivot Point before 2 p.m. (green ellipse) and market broke it with the new hourly candle. The breakout candle at 2:10 p.m. got confirmed due to the higher close of the succeeding candle above the high of the breakout candle.

The EUR/USD touched and successfully broke the daily R1 intraday Resistance. The confirmation of the breakout through the daily R1 led to a change from its role of resistance to support. The changing role from  resistance to support of the daily R1 can be seen after 3 p.m..


The continuation pattern at 4 p.m.(green circle) led to an unconfirmed breakout through the daily R1 after the 5 min candle at 4:25 p.m. closed at the daily R1 (red circle).

5 min Euro Pivot Trading Levels

More info for Pivot Point Trading ~ forex forecasts and trading signals:

Read more