Weekly Video Analysis UsdJpy AudJpy GbpJpy CadChf EurGbp - forex trading signals indicators

Weekly Video Analysis UsdJpy AudJpy GbpJpy CadChf EurGbp ~ forex trading signals indicators

Yen may continue its weakness against major currencies especially the dollar. Currency pairs like Audjpy and Gbpjpy are also set for a long term further bearish move.
The technical chart of Eurgbp shows how Elliott wave theory can consolidate the formation of chart patterns.
The technical chart of Cadchf also indicates how Elliott wave can confirm harmonic patterns.
 When all these technical tools are combined, there is more clarity of what the market could do.

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UsdJpy Intra day Update - forex trading reviews philippines

UsdJpy Intra day Update ~ forex trading reviews philippines

Earlier today, we posted of how our elliot wave analysis could mean a turn around for Yen pairs. After a very impressive bearish strenght of the Yen, we expect a reversal of trend or at least a retracement. 

UsdJpy made a sharp turn around slightly below 126, typical of an impulsive move and now moving back in what looks like a corrective move.

We thought the correction will be shallow as it resisted around 124 (38.2-50% retracement of the intra day bearish move).

 

The market opened today with a gap down and since then, intra day price has adjusted and gone into a triangle congestion making room for a deeper correction upward to the region of 124.7. 

 

 

 

If price breaks above the triangle upside, the next level to watch out for is 124.7

If price breaks to the south of the triangle, that means we will retain the shallow correction and ride down.

We dont expect price to break above 126 unless there is still room for more bullish move and if it happens, so be it. 

 

We re-analyse and check the position of price in the long term view.

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Is Cadjpy ready to go down - forex trading with signals

Is Cadjpy ready to go down ~ forex trading with signals

On 15th June, we forecast a real strength in Yen. Yen pairs were expected to start falling according to the analysis titled Yen is expected to strengthen acrross board.

After a while, UsdJpy started falling but the Cadyen moved within a range.

We have been watching cadjpy for some time . The completion of the recent medium term bullish move could mean the completion of the long term zig zag correction which started in february.

The chart below shows the intra day wave count. A break below 99.45 could mean the continuation of the bearishness that paused before february.

 

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How Longer Will The Bull Rule UsdJpy - forex trading signals sites

How Longer Will The Bull Rule UsdJpy ~ forex trading signals sites

Usdjpy broke 13 year high with a long term impulse primary wave which started from 75.045 in late 2011. The primary impulse is presently at an advance stage which could probably extend to 135-136.

I believed the dip from 126 would be the beginning of a primary correction in what was expected to be a motive wave but a double zigzag corrective pattern was formed instead which suggested to me that the primary bullish wave should still continue and the next long term price levels to watch out for are 135-136 (2002 high was at 135.798).

Follow the intraday analysis here

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SOME MORE STRATEGIES ~ how to understand forex trading signals

Bounce Back Strategy

3.77/5 (143 votes)

Learn to trade Forex using Bounce Back Strategy

This strategy can be used as a scalping method as well as for long term trades. It uses 24 ema to look for bouncing back of the price and enter the market with a buy limit order. It is not 100% accurate but it has consistently been profitable and anyone can adapt the strategy to his or her preference.

Crystal Time Frame Switcher

4.56/5 (137 votes)

Learn to trade Forex using Crystal Time Frame Switcher

The major problems of most strategies are entry and exit. A lot of trend trading techniques are out there but there are a few ways to filter entries and exits. In this strategy, the trend is determined by the direction of the BBands_Stop. After the trend is determined, we then move on to find a good entry and a good exit using the Fisher indicator and the Stochastic indicator with multi-timeframe analysis. It can be profitable if one can follow the rules of this trading strategy.

The Pouria Method

3.43/5 (142 votes)

Learn to trade the trend using the Pouria Method

The Pouria Method is a low risk and has a good risk-to-reward ratio. It capture only 15 pips of profit regardless of how big the trend. The reason is to avoid high risk. To have a good risk-to-reward ratio, the stoploss is set to 14. Due to the above two reason, the success rate can be as high as 90%

The Bible Forex System

4.62/5 (133 votes)

Learn to trade the trend using the Bible Forex System

This strategy should work well long term with this system and does bring in a good amount of pips per month. One can start trading at 6 am EST and wait till the trades are found. Usually within 3 hours, you are done.  At all times, one should follow the trading rules as a trader that is consistent in his rules is a successful trader.

Forex Trading Made Simple

3.30/5 (142 votes)

Learn to trade Forex using the TDI indicator

In this strategy, the TDI (Traders Dynamic Index) is used as it uses some of the most powerful indicators such as the RSI as well as other types of calculations to determine the trend and momentum of the pairs. The trade is then confirmed with the combination of the Synergy APB (Average Price Bar) Candle indicator and the Simple Moving Average.

VMA Trend Trading

3.20/5 (144 votes)

Learn to trade the trend using VMA

In this strategy, we are using the VMA indicator that is different from a regular SMA or EMA in that the VMA indicator have a variable of ADX worked into them. ADX measures the strength of trend, so basically we have a moving average that will move when prices are trending. When things are consolidating, the VMA will not move and may even go flat. This helps to solve the major problem of MA with its whipsaw nature. This strategy uses VMA 1 and VMA 4 in which VMA 1 uses ma length of 1 and adx length of 8 whereas VMA4 uses ma length of 4 and adx length of 8. Both indicators of VMA 1 and VMA 4 can go flat without crossing during sideway market and cross when the market is trending.

Price Action Scalper

3.91/5 (249 votes)
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GbpJpy When Will The Bears Take Over - real forex trading signals

GbpJpy When Will The Bears Take Over ~ real forex trading signals

The weekly chart above shows the sell off from 252.167 to 118.161 in a supercycle bearish impulsive journey. After such an impulse wave, a correction would be expected. The correction started from 118.161 in a zigzag pattern.


The last leg of the zigzag (an impulsive cycle wave from 116.325) is close to termination (presently at a very strong resistive zone) and the long term bearish trend will be expected to resume.
All focus now on the terminus pattern of the 5th wave of this cycle impulse wave.

The daily chart above shows that the terminus pattern is an ending diagonal with a wide base contrasting to a thin mouth. When the expected sell off starts, its going to be of high momentum.

The 5th of this diagonal might not get to the terminus of the 3rd wave at 197 and price could rally a bit to 195.75 before a fast fall as the hourly chart below shows.

The hourly chart above shows that the 5th wave of the ending diagonal could be an ending diagonal which further gives confidence for a bearish outlook.

If price is contained below 195.755 and breaks 193.34, price could start a big fall to 190.863 (in the short term) and 173.553 as the final after-diagonal price reaction target.

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