Mastercharts EURUSD - forex broker for news trading

Mastercharts EURUSD ~ forex broker for news trading

The major support/resistance areas for EURUSD are situated on the yellow lines and the blue/red lines are the minor areas. Here are the levels.


1.60500
1.52000
1.41000
1.16600
1.07100
0.83300
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Medium Term View on some of the majors - online forex trading news

Medium Term View on some of the majors ~ online forex trading news

USDCAD Daily chart is currently close to a resistance that has failed to give way since June 2010. It is being tested for the third time this month. If the resistance hold then the current bullish trend could be reversed. If the resistance is eventually broken, the next resistance is at 1.08584 area. The best option for medium term trade is to monitor the pair and wait for the sigal

AUDUSAD Dily chart is currently in the middle of channel. It can go either way. The current position is not ideal for any medium term trade.


GBPUSD is on its way down, but it has not reached its destination. The current position is not ideal for medium term trade. For medium term trade, the best option to wait for the time when the current trend will reverse.

GBPJPY is getting close the end of the channel. Being a volatile pair, it is not advisable to go long yet. The last signal was given on 28 of this month and it retraced by almost 500 pips and back to the spot in 5 days. That is about 1000 pips both ways. The signal to sell was given around 137 area. If you miss either of the two the best option is to wait.
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BOJ Intervention JPY - forex flash news trader.mq4

BOJ Intervention JPY ~ forex flash news trader.mq4

The intervention by the Japenese Government was an extra-ordinary event. However, if your look closely at the two H4 charts below for GBBJPY and USDJPY you will clearly see that the H4 was on a bullish move, when the intervention occurred. H4 clearly explose the move so also the current retrace. USDJPY was even more exact to the point at the point of intervention and the retrace.
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GBPUSD Daily 170 Pip Flag - forex trading on news releases

GBPUSD Daily 170 Pip Flag ~ forex trading on news releases

The cable has now formed another 170 pips flat on the daily. It has been trading within the range for the past 5 days. A break out of the curren box will determine the next direction. The advantage of this is to The three charts below give idea on the trading opportunities within this range. 1.54198 and 1.53274 are the major areas to watch out for a break upside and downside respectively. If you want to trade this wait for the next H4 candle.
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THE MASTERTRADER E BOOK SERIES IS OUT - forex news trader ea

THE MASTERTRADER E BOOK SERIES IS OUT ~ forex news trader ea

It is my pleasure to to inform my visitors that my online-foreign exchange (forex) e-books are out.  The books come with live training sessions via Skype.  These books contain high-quality trading techniques and do not come cheap.  Only serious traders are advised to express interest.

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Cable out of 200 pips box - forex market monitor news

Cable out of 200 pips box ~ forex market monitor news

Cable has broken out of the 200 pips box and appears to be heading toward the next box. Price movement is simply a matter of habits. History keeps repeating itself over and over again.



Look at the candle between between 1.57147 and 1.58534 both on the way up and down. I single H4 candle. Also look at the candle on the way down from 1.60000 which closed on 1.56396 and the current candle which took which close outside the box.



If we break the resistance at 1.58535 our next destination is most likely the next zone between 1.58535 - 1.60000. If the resistance hold however, we have landing where the candle took of from i.e. 1.57000 - 1-55000
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Bigger Picture for AUDUSD - forex news.gci trading

Bigger Picture for AUDUSD ~ forex news.gci trading

Audusd is currently trying to move back to the top of the weekly trendline from 0.80634, when the took off to the currently high. The trendline is what it holding the pair from rising higher for now. If the weekly successful opened and closed above the trendline, then the trend will resume on the higher time frame. If the trendline holds, the a fall to 1.02500 which is the base for the current move is possible. A fall below will drop the pair back to its concrete zone 1.02500 - 0.95000 where it traded for the past 6 months.

My view is that a big reverse is in the horizon, the monthly, weekly, daily are all dangerously close to the overbought zone. A touch of 50 point mark is due on the daily RSI.

Recommendation: short whenever H4 enters the yellow zone and take profit if it drops back to the 50 point mark on H4 RSI

This is the bigger picture.
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Mastercharts EURUSD Monthly and weekly charts - forex fundamental news trading

Mastercharts EURUSD Monthly and weekly charts ~ forex fundamental news trading

More info for Mastercharts EURUSD Monthly and weekly charts ~ forex fundamental news trading:

Cable still respecting the the concrete zone - forex news gun trading

Cable still respecting the the concrete zone ~ forex news gun trading

Cable is still respecting the concrete zone and the pressure is to the downside. For any move to the upside to be valid, the pin on H4 will have to be neutralised by another H4 candle above the pin.
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MONTHLY OUTLOOK GBPJPY - forex news trader ea free download

MONTHLY OUTLOOK GBPJPY ~ forex news trader ea free download

THE YEN OUTLOOK FOR APRIL 2013

The Yen pairs having reach their highest price so far in 2013 have been consolidating within a concrete zones ranging between 700-1000 points since February 2013.  These ranges have now been narrowed down to about 500 pip each as follows:

GBPJPY   -  140-145
EURJPY   -  120-125
USDJPY    -  90-95
AUDJPY   - 95-100
NZDJPY   -  75-80

The range could be seen clearly in the Monthly and weekly charts attached.

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GBPUSD(updated) Outlook - free forex news trading ea

GBPUSD(updated) Outlook ~ free forex news trading ea

The Cable effectively traded between the Masterchart level 1.5300 and 1.6300 for most of 2012.  The bullish run which began since June 2012 is technical still intact.  The monthly candle has been consolidating between 1.6000 and 1.6300 for the last 4 months.   The monthly candle needs to close out of this 300 pips range in order to determine the long-term   direction.  Based on the fundamentals the presure appear to be to the upside. However,  the big players are capable of draging the pair back to 1.5300 to maintain the ping-pong game from between 1.5300-1.6300

If you want additional information on how to take advantage the scenerios send an e-mail to diamondstrategiks@gmail.com for a copy of the 2013 GBPUSD Strategic Trading Plan.

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Is USDCAD ripe for short - forex news trading pdf

Is USDCAD ripe for short ~ forex news trading pdf

I am currently watching USCAD for short. For the other majors that I dont trade regularly, I look for set-ups in the daily chart. The daily is getting ripe for short, but the signal is not there yet. The next 2-4 candles will determine the direction. The two major resistance areas on the daily chart will give the signal to sell for an appreciable drop. I attach two charts to clearly illustrate the point.



Enjoy your trading!
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Everything is in the chart - forex news trading plan

Everything is in the chart ~ forex news trading plan

Look at where price is at the moment, over 40 pips in the bag already! If you follow this advise the horizontal line on the RSI is the place to watch out for. If you miss the train, wait for the next set-up.
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GBPUSD End of 1st Quarter (updated) - forex trading gold news

GBPUSD End of 1st Quarter (updated) ~ forex trading gold news

The cable broke out of the concrete zone and the pullback currently sits pretty well on the concrete zone both on the daily and weekly charts. The target appears to be 1.70000 to retest the highest point in August 2009. This will then create a new range of 1.64000 to 1.70000. The weekly candle will confirm a breakout from any range.



I attach the weekly, daily and H4 charts in support of the above analysis



Enjoy your trading for the rest of the week!
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