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FOREXEL

1. watching current price level/support to see if one can enter a quick short down to 1.4075-73 area. 2. At the 1.4075-73 area I will look for a bounce with a target up to 1.42 NB. It migth continue to range a little before a breakout so be open to trade a breakout in either direction but these price levels should be useful for guidance

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The EURAUD is now at an interesting price level where the price have turned to the upside lately, but I am going to keep an eye on it and place a limit order should the Aussie manage to keep the Euro under pressure and possibly even break the 1.42 handle. if so I aim fo about 400 pips. Will take a few for this trade to trigger but worth the wait. Since I only...

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Will check to see if what we now see on the chart is a fakeout or if it manage to stay over 1.1250 and continue to climb. If not I expect it to drop way below 1.11 and thats where I would be interested to buy in again with a new target close to 1.1850

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maybe it finally just got triggered to go north but there is still a risk for some more downside pressure. Anyway I like to trade A-class divergencies and seldom loose on them so I will go for it. Happy trading

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I have seen many trade ideas about the Pound should bounce back and should climb much higher any minute now (week after week) I dont see that. Sure there will be pullbacks but there is still a lot of room to the downside - so I see no reason to go counter trend just yet. What I can see happen though is that the Bears get exhaused and we get more of a range trade...

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I will trade this on the Daily chart and time my entry on the 240. It might bounce from the current level or try break the current handle which I wont mind - then I just get an even better price. We will see shortly. Have 2 profit targets to the upside.

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The pair is testing a significant resistance level at the 101.00 major psychological mark as the week closed. This is an interesting level with good proift targets either way. Will watch a lower time frame and see how it develops and see on which side I will jump in.

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Right now I am sitting this one out. Sure there have been a lot of action on this pair lately but I just dont trust it and I wont go long at this current price level. The reason for this is that price action tells me that once a more serious pullback kicks in it is fast and brutal. It is difficult to tell at what level the bulls will be exhausted but I will wait...

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We might be near a bottom for now even though I think 1.20 is the next target south, even the 1.1750 area. But for now I will put in a Limit order to go short around 1.29 and the add on to my trades once I see that a pullback is to completed once again. I think caution is needed with this pair right now.

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DXY went up and tested the resistance at 88.50 but didnt manage to break that level before the market close. Based on the most current price action we might see a pullback and still see this index to continue to range a little...or we will see an attempt for another breakout higher shortly. I keep my options open

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Will see if there will be an opening gap once the markets open again. Think it will push a bit more to the upside but aim for a good price to go short on this one

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Just jumped in going short on this one since it looks like the sellers are in control of price action and hopefully they will be strong enough to push GBPCAD back down to its previous lows. I have set my target to support level often reached.

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Awesome price to go short. The BOJ managed to pull a good one last Friday, but even though BOJ wants to weaken its currency (like every other country out there) and the Pound will strengthen some more over time - this price is not sustaineable for the Pound right now. With a crazy market this pair might move a bit more up but the price is too good for sellers not...

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The Euro might still climb some but I dont think the Euro has so much going for it to maintain a high price or to start a strong uptrend VS the yen right now. As I see the Euro drop under 140 and have a good confirmation of a correction then I will sell this sucker all the down ) I will keep an eye out though for yet some more unusual volatility around the Yen...

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This is one tricky pair that challenge my trading skills big time right now. This since it is not often one gets a really good price to enter a trade for a long haul (at least not for me) I wish I would have caugth this one earlier in the year when the Kiwi was at its peak. and it would have been a done deal to sell. But now... well if the Loonie breaks the...

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Trading this pair is a bit like flipping a coin to go either short or long but once it moves it provides a lot of pips. Right now I wont enter since I cant yet tell if it will break or or bounce. Probably best to trade it on the 240 or wait until it reach a real supply or demand zone. Worth watching though.

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The Aussie keeps on with its strong downtrend and broke the 1.43 handle. Not entirely sure yet of course if this is a real breakout or a fakeout but worth keeping an eye on with possible good targets below.

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The GBPUSD is testing 1.6152 Resistance area. As of now it looks like it is going to bounce and go down to the 1.60 support area. However, a break and a close above 1.62 opens for 1.6272 as the next resistance and from there possibly all the way up to 1.67 again. My opinion is that we will see more range trades with a few fakeouts before the Pound will break...