Resistance and divergence

Good morning all.

AUDUSD is close to a previous resitance with multiple divergences. Look for a reversal or breakout soon and use the techniques shown to you in the last couple of weeks for entering this.

NFP this week so we are likely to see consolidation nearer the time.


Chart courtesy of Advanced Get. Data supplied by eSignal.

Good trading.

Forex Analysts
Anne Chapman & Javid Shaik

Divergence and resistance

The CADJPY has multiple divergences and is close to a resistance. Shorting this now is aggressive but low risk as the stop would not be too far away. Alternatively, a more conservative procedure would be to follow a set up from yesterdays webinar.

Please ensure you do your own analysis.


Chart courtesy of Advanced GET. Datat provided by eSignal.

Good trading.

Forex Analysts
Javid Shaik & Anne Chapman

Divergence

The EURJPY has multiple divergences and has reached a resistance zone. Proximity to the figure and walking away from BB shows this maybe reaching an end.

We need to wait for a setup before entering this cross. This will be shown on tonights webinar.
Click here to view chart.

Good trading.

Forex Analysts
Javid Shaik & Anne Chapman

200 moving average

Great to have another trading week ahead of us.

Below is the daily CADJPY. Not sure if we have a 123 but that will become aparent when or if we will need to use the ESLT on this pair. However, we are coming into a squeeze formation so a breakout will be likely soon.


Chart courtesy of Advanced GET. Data source eSignal.

Good trading.

Forex Analysts
Anne Chapman & Javid Shaik

Yen downside

Good morning.

Previously we mentioned about the shorting possibility on the USDJPY. You can read the forex analysis here. If the pair continues it path down then we could see another 100-200 pip move down.

For those that are familiar with our trading methods then please apply the relevant templates to identify the opportunity. Note the chart formation.


Chart courtesy of Advanced GET. Data provided by eSignal.

Please enter your details on the right if you would like to be kept informed when this website is updated.

Good trading.

Forex Analysts
Javid Shaik & Anne Chapman

Yen downside

Good morning.

Previously we mentioned about the shorting possibility on the USDJPY. You can read the forex analysis here. If the pair continues it path down then we could see another 100-200 pip move down.

For those that are familiar with my trading methods then please apply the relevant templates to identify the opportunity. Note the chart is giving us a triangle formation.


Chart courtesy of Advanced GET. Data provided by eSignal.

Please enter your details on the right if you would like to be kept informed when this website is updated.

Good trading.

Forex Analysts
Javid Shaik & Anne Chapman

Pound Dollar

The Pound Dollar will see some volatility today so unless you are using the correct vehicle for trading this you should stay out.

Almost all of the other majors have a quiet day as far as news is concerned.

The USDCHF is still looking weak as per our previous forex analysis. We are still in this trade with locked in profit.

Good trading.

Forex Analysts
Anne Chapman & Javid Shaik

Resistance zone

Good morning everyone.

Below is the 4 hour Swiss Franc Japanese Yen chart which shows resistance and the figure and divergence.

As always, please do your own analysis prior to taking any trades.


Chart courtesy of Advanced GET. Data provided by eSignal.

Good trading.

Forex Analysts
Anne Chapman & Javid Shaik



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Yen hitting resistance

Good morning.

The USD/JPY is hitting the moving average now with divergence still in place.


Chart courtesy of Advanced GET. Data provided by eSignal.

The USD/CHF has a triple top formation so once again it is best to wait for a reversal or BoB. You can read the Swissy forex analysis from 13 days ago here.

The Euro halted it's downtrend at the trendline with a spike to the previous support. We may have a reversal at this point but it is too early to identify that with clarity. However, aggressive traders may find an opportunity here but we would wait to be able to use our ESLT.

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Forex Analysts
Javid Shaik & Anne Chapman

Resistance ahead

The USD/JPY seems to be having a divergence and resistance from a previous top and the instituional moving average. Worth considering this one.


Chart courtesy of Advanced GET. Data provided by eSignal.

Have a good weekend.

Forex Analysts
Javid Shaik & Anne Chapman


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Support level

The Euro Dollar is having quite a bearish day. It does have a trend line support (as shown on chart) so watch for a break or bounce from here.


Chart courtesy of Advanced GET. Data provided by eSignal.

The Euro Swiss Franc seems to have a bullish flag pattern going on. Add that with a slight MACD convergence and the figure and we may see a reversal. Watch for a bounce on this pair too otherwise further weakness.


Chart courtesy of Advanced GET. Data provided by eSignal.

Good trading.

Forex Analysts
Javid Shaik & Anne Chapman

Taking profits

We are managing the USD/CAD positions by scaling out as we have a proximity to a support level provided by a trend line. We may have a bounce but if we break through then we could see further weakness.

Good trading.

FX Analyst
Javid Shaik

Fake out

So, the Swissy gave us a fakeout yesterday. At least we were not part of the dumb money and got sucked into that trade - assuming you all used the ESLT.

Today we have been keeping an eye on the USD/CAD and have been triggered short. The chart is below and we have used the RST on this pair.


Chart courtesy of Advanced GET. Data provided by eSignal.

Good Trading.

Forex Analysts
Anne Chapman & Javid Shaik

Triangle breakout

Good morning and welcome to another trading week.

Unemployment in the US has reached it's highest level in 20 years. This should not be news to readers of FXCPS.com as we have been mentioning the US would be having a slow down and dropping it's interest rates since the beginning of this year and still we hear a few voices suggesting it is still not the case. Now that NFP has come and gone we can concentrate on technical trading again.

A previous forex analysis stated the USD/CHF is in a triangle formation and we were waiting for a breakout. We have now had a breakout and are awaiting confirmation just in case of a fakeout situation. Apply the ESLT and be patient. However, beware this may take some of you over the risk management level.


Chart courtesy of Advanced GET. Data provided by eSignal.

Crude oil has been in the news all week and all weekend. Comments of prices set to reach the $150 and $200 are worrying people. Those who have had training/mentoring from us will know how to handle this situation.

Good trading.

Forex Analysts
Anne Chapman & Javid Shaik

Yen meets the MOB

The USD/JPY has been in a channel soon after the bullish engulfing reversal at the figure. For this to be a long term reversal we will need to see a pullback and a retest of the low for a double bottom or a breather.

Today we have hit the MOB and retraced intra day. Above the MOB is a resistance provided by a previous high and the moving average.

Click here to view the forex analysis chart.

Good trading.

Forex Analysts
Anne Chapman & Javid Shaik

Waiting for a breakout

The USD/CHF is in a triangle formation and looks like reaching the end of it soon so we could witness a breakout.

The longer term trend is down so the downward pressure may provide the breakout direction but for Dynamic Traders we do not need to be concerned what the direction is going to be. We need to apply our ESLT technique along with our confluence and we can take a trade.

Remember the key is patience so let's stand aside until we have an entry signal.

You can view the forex chart analysis here.

Forex Analysts
Anne Chapman & Javid Shaik

Loonie takes a breather

The USD/CAD continued it's uptrend from last week to the figure. We are short on this pair due to the breather level tagged, the figure, resistance and flag formation. Our stop is tight and few pips above high.

The GBP/USD is in profits so managing this trade now.


Forex Analysts
Anne Chapman & Javid Shaik

Supporting the Sterling

The Pound Dollar has had a bearish morning mainly due to news out from Bradford and Bingley. From the chart the pair has support from the figure, previous low and trend line.

The trend is down but the support may stop that. A breakdown could be further weakness and a bounce up would be further range bound activity. Use ESLT to identify entry either way. Until then we have put this on our watch list.


Chart courtesy of Advanced GET. Data provided by eSignal.

Forex Analysts
Anne Chapman & Javid Shaik