theforexportal

theforexportal

There's quite a nice Fibonacci setup on the charts that suggest the SPX500 top could be at 2486. Should we make it up here it will be interesting to see what happens

theforexportal

The S&P 500 is going to fall and we at theforexportal are calling a top. Its now a question of when this market reverses not if. Currently we sit at the top of one channel and the bottom of another. With RSI overbought on all the higher time frames this looks a good opportunity to SHORT with a STOP above the recent high. We are SHORT from 2344 with a STOP at...

theforexportal

Following Trump's inauguration last Friday the BEARISH tone to the USD looks certain to remain and we've been SHORT SPX500 from 2264 in the belief that this market is overbought and due a correction. With the USD declining and the Dollar Index heading south, we are expecting more dollar weakness which should boost all USD pairs although not at the same rate. With...

theforexportal

Every sign the SPX500 has pushed as high as its going for now and may need to return to lower ground to build momentum. 9 inside days at the end of a strong BULL run suggests the BEARS are gathering. I'm looking to SHORT from these levels.

theforexportal Updated 

At the beginning of December it looked as if the reversal in this pair from mid October would accelerate as it dipped below the 200 on the H4 TF. Unfortunately for all BEARS the 200 held and has acted as support ever since. I still believe that this relief rally by the BULLS has limited scope and we shall soon see a move back south. I'm already in this trade but...

theforexportal

From the middle of November GOLD has been in a well defined channel and the pattern has been consistent. Price has moved from the top of the channel rapidly down and then moved sideways and up back to the top of the channel and then fallen sharply. Currently price has broken through this channel and has returned to it. If it maintains the pattern, price will drop...

theforexportal Updated 

theforexportal is LONG this morning from 1.04444. The blue support line on the daily time frame appears to be holding again and price is climbing up the rising trendline shown. This trade has huge potential as this pair remain in the lower fib area under the 23.6 level so the scope for a move north is massive. I have a STOP under S61 support at 1.0400. Lots of...

theforexportal

theforexportal is LONG this morning from 1.04444. The blue support line on the daily time frame appears to be holding again and price is climbing up the rising trendline shown. This trade has huge potential as this pair remain in the lower fib area under the 23.6 level so the scope for a move north is massive. I have a STOP under S61 support at 1.0400. Lots of...

theforexportal

theforexportal is LONG this morning from 1.0440. On the daily we can see that the support area shown is potentially holding again and the rising trend line may support this pair as it advances. This is quite an exciting looking trade as this pair trade in the lower fib zone (under 23.6 fib) and therefore has a long way to go north (potentially). Considerable...

theforexportal

USD/CHF has ripped higher on a wave of Trump euphoria (somewhat against popular expectation) and the critical parity level has been taken out. In the immediate aftermath of the US Elections this pair fell to .9551 but since then has channeled higher and hit 1.0117 overnight. Prices are now looking extremely overstretched and with RSI weakening particularly on H4...

theforexportal

Carleton Capital are LONG this morning AUD/USD from .7568. STOP .7520

theforexportal

The EUR is falling across the board so we at Carleton Capital expect to see EUR/CAD reach these levels sometime this week. We shall go LONG from double pivot support and fib level from 1.4360 area. With support coming in anywhere between 1.4342 and 1.4390 we cannot be too precise about our entry until we get down to these levels and see whats happening but we...

theforexportal

On the 25th October USD/CHF almost touched parity but ultimatley failed and fell away 500 pips. We feel that with conditions moving into overbought, there is a high probability that we may see the BEARS enter the market in sufficient numbers to drive the price down should we hit parity this week. The area 30 pips around parity is heavy with resistance coming in...

theforexportal

Carleton Capital are recommending SELLING the buck against the Japanese yen this morning. The post Trump USD rally appears to be weakening and this pair has tried and failed to take out 107 on numerous occasions. We are SHORT from 106.38 with a STOP at 107.00 Target is open but 104.32 is possible

theforexportal Updated 

Carleton Capital are LONG this morning from 1.6022. Our GBP algorithm has identified a possible LONG from support at 1.6007 and we have entered the market on confirmation of the signal. STOP is 1.5995 for a 27 pip risk trade. Initial target is 1.6100 (200sma on M1) and then we will evaluate the price action.

theforexportal

USD/CAD was drifting lower throughout the night then got a huge boost when it began to look like Donald Trump had a chance of winning the Presidential Election. Since then we've seen USD/CAD decline from the high at 1.3525, pullback and decline further. We believe this decline may accelerate so we are SHORT this market from 1.3420. Our STOP is at 1.3446 for a...

theforexportal

NZD/USD is looking ever more stretched and has failed 3 times to take out .7347. With a likely USD boosting victory for Hillary Clinton and a likely rate cut from the RBNZD tomorrow, going SHORT here makes sense. We at Carleton Capital are SHORT NZD/USD from .7323 with a reasonable STOP at .7350 for a 27 pip risk. Our RVI algo is expecting a cross over south on...

theforexportal Updated 

With price reaching support , we have a signal LONG on this pair. LONG EUR/AUD from 1.4323 STOP 1.4304 (19 pip risk)