FXCPS

Forex Chart Pattern Signals

Friday, April 13, 2007

EURCHF

Euro Swissy Day Chart
Chart courtesy of Advanced Get. Data provided by ESignal.

The Euro Swiss Franc above shows a reversal. I shorted early this morning on the basis of the candle reversal and a stop should you decide to take up this trade should be placed above the high of yesterdays candle. Use swing low to swing high fib to analyse potential support levels or if you are intrested in day trading this only then look for the low of the previous day candle prior to yesterdays reversal for support.

Please do your own analysis prior to taking this or any other trade mentioned on this site.

God luck and have a great weekend.

Thursday, April 12, 2007

Euro Dollar


Chart courtesy of Advanced Get. Data provided by eSignal.

The weekly Euro Dollar shows particular signs of possible change of direction based on certain factors as shown above. If the Euro does weaken then watch other pairs where the Euro is the base to possibly weaken slightly too. It is worth keeping tap on this pair for the near future.

Have a great weekend, I believe the weather is meant to be nice and warm.

Good luck.

Wednesday, April 11, 2007

USDCAD

Daily USDCAD pair
Chart courtesy of Advanced Get. Data provided by Esignal.

Sorry for the lack of post this morning. I am updating in advance for tomorrow.
The EURCHF after having being sold off yesterday has today started some buying. I have been stopped out on this cross so am awaiting to see what direction it is now taking.
The EURSEK today has still continued a downtrend but at snail pace. I have locked in profits and and move my stop suitably down.
The chart above is the daily USDCAD pair. We have now gone beyond the 50% line and it is likely we are making a daily close below what looked like a wave 1. I am not in this pair at all and I am going to wait for any decent entry for a long or a short. In truth, this is an ugly looking chart right now.
This is Thursday's post and the next update will be on Friday.
For those who have tried to get hold of me, I am not around at present and will be available again from Monday.

Tuesday, April 10, 2007

USDCAD

USDCAD Daily Pair
Chart courtesy of Advanced Get. Data provided by ESignal.

Keep an eye on this for possible support.

EURCHF Chart

EURCHF Hourly Chart
Chart courtesy of Metastock. Data provided by Quote Centre.

I was asked if I could upload a chart to help with todays analysis. The hourly chart above shows a short from the figure 16400. The cross was overbought at the most recent short indication which helped in the shorting decision.

Good luck today.

Euro Swiss Franc

I have been unable to find a good set up this morning. The EURSEK cross has dipped in and out of profit since yersterday and is range bound at present. I still have my short open on that.
I have a very tight stop on my EURJPY now and expect it will stop me out soon as it looks like it maybe running out of momentum.
I have opened up a short on the EURCHF because we hit the figure earlier today.

Monday, April 09, 2007

Happy Easter

EURSEK Daily
Chart courtesy of Advanced Get 10. Data provided by Esignal.

I hope you are all having a good Easter break. Unusualy the weather has been very nice so I suggest you all make the most of it while it lasts.

The daily EURSEK cross above shows divergence with both MACD's and Friday produced an inside bar. A break above or below Thursdays bar could see further movement in that direction.

If this cross continues downwards then we could look for the 92100 as a possible target.

Enjoy the day.