Cable

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Only back from Rome last night, apologise for no blog due to lack of sleep.

Cable has broken out of our trading channel this morning, please use the relevant tool at your disposal to enter trade.

I am away till Sunday at a football reunion and will not post till Monday.

Left you something to giggle at. Have a great week end.



















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
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http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

Review of the Aussie Dollar.

Good morning Dynamic Traders,

Today I am going to review yesterdays blog of the AUDUSD.

After dropping about 80 pips from when mentioned it has since recovered about 50 pips to the time of writting.
Nothing has canged from yesterday in that the divergence and other confluences are still there but I am uncertain of this for a swing trade fall from here although the lower timeframe is showing support off the trendline which could mean that a further move north may happen.

As said yesterday my confluences for a short opportunity are not there yet and so for me I am awaiting the push up to the figure and clustering fibonacci areas before committing.

With trading the markets you will know nothing is certain and so this course of price action may not even happen but in accordance with my plan I have not got enough odds in my favour for this trade at the moment.

I shall not be posting tomorrow and so as usual please do analysis of your own before taking any trades.

Charts courtesy of TradeStation.

Good luck and have a great weekend.

Clayton Farnworth.

The Australian Dollar daily.

Good afternoon Dynamic Traders,

As mentioned yesterday the possible quick short could have given about 60 pips to previous resistance which then became support, and price promptly reversed back up.

If you now go to the daily chart below, you will see that action yesterday gave us a spinning top candle which to me appears to be in no mans land and therefore could be the start of a possible breather as price has come down slightly today.

On further analysis there is a good cluster north with the figure and various fibonacci extensions and so the present pulback could possibly be just a flag on the lower timeframes, but we shall have to wait and see as there is good divergence present on the MACD.

As things stand I am waiting to see if the cluster is reached before taking action unless more conluences build now for the short trade.

As always please do your own analysis.

Charts courtesy of TradeStation.

Have fun with your trading.

Clayton Farnworth.

Cable

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = GBP : Day Chart (Posted Below)

Bank holiday weekend and no time to do an update last night or this morning.

I had to bring to your attention the Cable after seeing the chart over the weekend.

As usual drilling down from the top, the "Monthly shows we are now in an up trend since March, which could be a recovery but be aware it could also be a retracement before heading back down as price is currently at a breather level.

The weekly shows price rising, between a nice trading channel and price currently at the top line, which co-ensides with the Advanced Get "Elipse" of the 4th wave. Stochastics are very high at 94.63 which could signal a change of direction soon.

The Day chart as illustrated shows the price moving between the trend channel much clearer, it also points out that not only have we hit the top of the channel, but we have met the VI and a major RN at the same time. If we take the time price pierced the channel previous and recently we will see signs of "Divergence". RSI has not been at it's current levels for some time and stochastics also is high at 96.65 even though it is giving a false reading.

In summary the Long term trend is up and a BOB of the RN would be an ideal entry using ESLT, however short term, price reversing could lead to price moving towards the lower trendline.

Please ensure you carry out your own analysis before placing a trade and always use a stop.

I will be unable to update tomorrow due to leaving for Rome in 3hours for the Final vs Barcelona, Com'on United. I will return on Thursday.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
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http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

The Australian Dollar.

Good morning Dynamic Traders,

Todays chart is of the AUDUSD.

The weekly timeframe is currently standing around the V.I. and the daily is showing divergences on the MACD.

If you now look at the four hour chart below you will see that both longer and shorter term divergences are in evidence.

After breaking the figure and coming back down, price action is currently approaching former resistance which could now act as support.

A possible shorting opportunity could be available now for the more aggressive trader with a view to quicker term pips or depending on your stance wait and see if the confluences build for the more conservative approach.

As always please do your own analysis before taking any trades.

Charts courtesy of TradeStation.

Good luck with your trading.

Clayton Farnworth.

The Euro Dollar.

Good morning Dynamic Traders,

Todays blog well worth a look at is the EURUSD on the sixty minute timeframe which could turn out to be a good shorting opportunity.

As can be seen from the image below, it is currently tagging the AdvancedGet MOB which as you all know has two outcomes as suggested by its name,
However to add a few confluences for you I have noted a very strong figure on the horizon which could or could not be hit very soon.

There is also the shorter term divergence and together with an AdvancedGet Elliott Wave count of wave 5 in progress.
These are just some of the indicadtions that are present but before taking any trade ensure you trading plan rules are met.

As always please do your own analysis before taking any trade, and give it room to breath as this was a common failing of mine and sometimes still is.

Charts courtesy of AdvancedGet.

Good luck and have a great weekend.

Clayton Farnworth.

AUD, Tickets Please

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = AUD : 60min Chart (Posted Below)

Read our review from Monday's blog Click here It would have been worth it.

Despite early trading been bearish, price picked up on the UK market open and restored the cross back into our short term trading channel.

Those of you who "swing trade" will still be in this trade, since entering Monday and should be to the tune of 250 pips in profit. More if you use your "Dynamic Trader" toolbox.

Those not so patient may have been in and out and back in the trade over the week and also well in profit. If you refer to last nights blog, we placed short term trend lines on the 60 min chart with indicators possibly saying a "Bear" movement likely. If you used your ESLT, you would have had easy pickings of 50 pips before price headed back up.

With the longer time frames indicating an uptrend, this cross could continue in its rise to possible targets on the day chart of 0.7850 and then 0.8450.

In the UK we have a "Bank Holiday" so I will not be posting till Tuesday, I hope you all enjoy the break and pray we get some nice weather.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
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http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

The Euro Japanese Yen intraday review.

Good morning Dynamic Traders,

Today I am going to review the intraday trade from yesterday's blog as hopefully you will have managed well and had a profitable trade if taken.

From the image below you will see that the trade was mentioned on the 8 o'clock bar at 130.60. By six bars later, the 2 o'clock bar, there was a possible one hundred pips offered and as mentioned I had just taken that trade.

Through close management I ended with 81 pips out of this by fibonacci analysis due to the cluster and hopefully you will have had a winning trade too.

Price at present has come down since and will need re analysing for any of you wishing to trade this intraday.

Charts courtesy of AdvancedGet.

Good luck today.

Clayton Farnworth.

AUD Doji

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = AUD : 60min Chart (Posted Below)

Read our review from Monday's blog Click here It would have been worth it.

Our Day chart finished the day with a doji, which could be a breather in the move or a possible sign that the trend will reverse ? Swing traders amongst you will now look to tighten your stops whilst monitoring the appropriate charts.

Moving to our 60mins chart, we put in the higher high at 1500hrs this afternoon (Wednesday), retested at 1900hrs and have not as yet retested this area. I have established a further support trend line as seen on the chart and copied it to give short term resistance as shown. We have several touches of the support and three of the resistance.

We have 100 pips on offer if we move up to our new resistance level.

Let's see what tomorrow brings ?















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
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http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

The Euro Japanese Yen intraday.

Good morning Dynamic Traders,

Today I thought I would get an earlier posting with a possible opportunity on the EURJPY on the hourly timeframe for you intraday traders.

This is looking like a good long position for an intraday trade.

Price has recently risen through and fallen back to a strong figure.Although it did come back through this area it fell to inbetween breathers and an extension cluster although another cluster does lie south, and it is currently tackling the V.I.

I have just entered this with an aggressive stance and will manage accordingly.
Hopefully it will prove profitable and AdvancedGet is showing a Wave 4 count which does comply.

As always please do your own analysis before trading.

Charts courtesy of AdvancedGet.

Hope you have fun today and good luck.

Clayton Farnworth.

AUD Beware

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = AUD : 60min Chart (Posted Below)

Read our review from Monday's blog Click here It would have been worth it.

If you have been with us since the start of the week and took the trade you would have been 200 pips to the better over the two days, with today's candle giving a new higher high on the day chart. Now that the historic key support / resistance of 0.7700 has been breached today we could get a bounce from it towards RN 0.8000.

On the day chart the larger wick at the top of the candle may give a concern so moving to the 60min would be recommendable to manage the trade.

Lets look at the 60min, Stochastics is giving a false reading, RSI is moving down from it's recent peaks and MACD signal line is above it's line and there is signs of recent divergence. These confluence of events point to a change in the recent move up.

Will it be a correction before continuing it's upward move ? or something more robust ? Advanced Get's elliot wave count points towards a wave 4, back towards the VI ?

Ensure your stops are ideally placed and manage your trade.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
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http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

The Australian Dollar Japanese Yen.

Good afternoon Dynamic Traders,

Todays chart is of the AUDJPY on the daily timeframe.

This could be one to keep a close eye on as we are currently entering the buy zone of DD after making a breather level on the last retreat.

Although the V.I. was breached at the beggining of May, we have since fallen back to retest it i.e. the afore mentioned breather, and now it is currently trying to advance again, but former support now acting as resistance clustering with the figure is causing the barrier.

Depending on your stance and entry criteria you still need to keep a close eye on this pair for possible pips.

Remember to do your own analysis before taking any trade, and use fibonacci as this can give you a possible target zone which clusters with other confluences you know.

Charts courtesy of AdvancedGet.

Good luck with your analysis and trading.

Clayton Farnworth.

Fistful of AUD

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = AUD : 60min Chart (Posted Below)

Bonanza ! is the word that comes into mind, as we high lighted this move on this mornings blog and entry would have been in the region of 0.7548 giving you some 120 pips profit. The reversal candle as price touched our trend line would have signalled to you to tighten stops and safeguard your gains. How did you do, or did you miss the boat.

Read our thoughts on our previous blog Click here

Remember we have our previous resistance at 0.7700 just above our current resistance and a further attack on that after a recent breather could still be in play and would provide the next higher high on the day chart.

Sticking with the 60min chart, price has pulled back for a breather, stochastics are showing a false reading so my advice would be to sit and watch developments. A BOB of the current resistance trend line would be likely choice, a BOB of our historic 0.7700 would be more conservative remembering the bigger picture is saying UP.

Make sure you do your own analysis of your trades before entering and we will speak tomorrow.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
http://www.fxcps.eu/
http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

The AA for Aussie Canadian from the 12th.

Good afternoon Dynamic Traders,

Today I am reviewing the AA trade of the AUDCAD mentioned last Tuesday.

Price action has been holding in the consolidation range since bringing this to your attention with resistance just north clustering at the DT formation and figure with no BOB.

All the criteria were in place but a possible slight pause for breath has occurred before the move I was expecting could happen.
Perhaps this will still occur but a more conservative approach could be use of the ESLT on the BOB should this happen.

Depending on your stance you are either in this trade with some profit depending on management or awaiting an entry.
If it is the second option put this on your watchlist as further upside is available and entry off your lower timeframes could be fruitful.

As always please ensure to do your own analysis.

Charts courtesy of TradeStation.

Good trading.

Clayton Farnworth.

AUD Update

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = AUD : Day Chart (Posted Below)

Apart from the weather in UK, what a great week end. Man Utd winning the title again which gives the players a weeks rest before we tackle Barcelona in Roma on 27th May. I can't wait.

It's always great to have that winning feeling inside you no matter how many times you do it. Think what you feel like when you lose on your trade compared to when you win ! Let's keep that winning mentality going in our day to day lifestyle. Believe and you will achieve.

I believe I might have found a nice little earner for you this week in the AUD. Lets start with a clean sheet and see what has been happening.

On the monthly chart we were in a up trend from April 2001 until the credit crunch took effect in July 2008. Since then we had a 5 month pullback till November 2008, the last 3 months being an uptrend and price recently breaking through the VI. Is price heading back to pre credit crunch position ? Look at RSI and Stochastics, what do you think ?

Our weekly chart shows the pullback / correction in more detail and a double bottom "W" pattern in price is clear to see. 0.7700 has played a key support and resistance over time and price has recently hit this mark again before reversing down. Interesting the VI sits slightly above this point and RN 0.8000 is also in our proximity. A strong move up will be needed to break through this confluence of events.


Looking at the Day chart, with trend lines drawn and also the key 0.7700 Support / Resistance line. We see price has been sqeezed almost to the point of erruption. We have cleared the VI and have attacked the resistance recently, is it time to try again ? Higher highs and lows since March would have us believe so. Stochastics are showing a false reading on "Advanced Get".














With the long term trend looking Bullish then a BOB of the trend line and confirmed by the breaking of the resistance line looks the suitable plan for those that are patient. With some 150 pips available for that to happen the more aggressive may move to the 60 Min chart.

With time on your hands to follow your trade the 60 mins is showing price coming off the bottom trend line and into an uptrend. We have broken through the VI and a ESLT out of your "Dynamic Traders toolbox" may get you into the trade.

Please check your News items for the week and do your own analysis before entering any trade. Enjoy your learning and I will speak to you soon.

Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
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http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

EURGBP

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = EURGBP : 60mins Chart (Posted Below)

Well another week almost over and we never quite had the moves in the cross this week, which i thought may have happened when i viewed my charts last week. This cross is still worthy of a place on your watchlist as it will soon decide to make a BIG move.

The day chart shows we are still in the small area between our RN and the 100 EMA, with the RN defences breached 4 times in the last 4 days. Will we break to the upside ?

Our 60mins chart shows a great example of the liquidity within the market between 0700hrs- 1700hrs GMT. (Look for the larger candles) It also shows on stochastics that we are OS, which could tie in with a bounce or reversal from the VI.

Thank you for your following of the blog and I hope it is a benefit to your training, have a great week end and I hope to speak to you soon.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
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http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

The Aussie intraday review.

Good morning Dynamic Traders,

Today I thought I would review yesterdays post, on the intraday AUDUSD.

The chart was of the one hour timescale and nearly as soon after posting price came down.

This is the potential of the 123 scenario's should they be analysed correctly.
As can be seen the rules were in place and consequently around a two hundred pip gain upto press was available.

Managing this according to my plan I did manage about three quarters of this possible bag on offer which should be what you could have had unless your management rules are more conservative or aggressive.

Whatever way this was an good trade to take in accordance with the rules and shows that removing emotions and trading with a set of rules that you apply to the letter can offer fantastic gains.

Charts courtesy of TradeStation.

Good luck for today.

Clayton Farnworth.

EURGBP

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = EURGBP : Day Chart (Posted Below)

As we mentioned last night, the news today from the BOE certainly had a movement on price. We were presented with a 94 pip candle on the 60min chart at 1000-1100 hrs GMT. Price has retraced since then and is back to the support of the 100 EMA as mentioned in last nights blog.

Our DAILY chart is still showing some strength to the top side with MACD line above the signal line, the histogram is above the zero line and stochastics are at 60 pointing upwards.

Price has been consolidating over the last 6 hours on the 15min chart since 1830hrs so a move / BOB will be soon on the cards. EUR or GBP opening could be that timing ?

RN .9000 remains a major factor in our destination.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
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http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

EURGBP Update

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = EURGBP : Day Chart (Posted Below)

Our move upwards in price was halted yesterday with the red candle and the key bfactor being the RN .9000. If you look back on your day chart you will see this RN having been a key factor on support and resistance.

I have placed the 100 EMA on our chart which in general shows us support on this cross. This is currently the case at present and we currently have price sat on this EMA with the RN above. Dynamaic Traders not yet in this trade would do well to WAIT for a BOB and use their ESLT to enter when ready.

Make sure you read our previous post wher we established the trend overall was down, however short term was indicating up, which if we break the RN we have the trend line as a target.

Beaware of the BOE announcement today on the economy, which could lead to a rapid move on price. If in the trade tighten your stops and manage your position.

Note the recent convergence showing on this DAY chart.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
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The Aussie intraday.

Good morning Dynamic Traders,

Today I am showing a chart of the AUDUSD intraday on the one hour timeframe.
This is a trade that I have just entered and am now managing.

By looking at the various timeframes I entered this by using 'The Dynamic Trader' rules for a possible 123.

As can be seen from the image below there was short term divergence here and the figure was in close proximity.

The confluences that are appropriate came together and therefore I took the trade and as usual I did my analysis across the relevant timeframes.

Please do your own analysis and whilst doing so find the confluences that should be occurring.

This is an intraday trade and so I am going to manage it accordingly, and being intraday it is not for great profits but to take some pips from the market.

Charts courtesy of AdvancedGet.

Always enjoy your trading.

Clayton Farnworth.

Possible AA for Aussie Canadian.

Good afternoon Dynamic Traders,

Today I want to bring your attention to the possible long trade developing on the AUDCAD daily timeframe.

This is nearly in the position to trade and whilst doing your own analysis you will find the missing criteria.
As such you will have to be patient and wait for this but if and when it happens a long trade could be triggered.
Reading alittle more into this we could be starting W5 and please be aware of resistance just north in the form of the fibonacci figure, the figure itself and previous resistance, all clustering together, therefore after doing your own analysis if you decide to take the trade manage it accordingly.

For those of you who know this way of trading, you will see that one essential criteria is not occuring as yet and with the 'Dynamic Trader' rules should know to wait for everything to be in place before analysing again to make the decision taking into account the previous R/S/T factors.

Charts courtesy of AdvancedGet.

Have fun trading.

Clayton Farnworth.

EURGBP Double Bottom ?

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = EURGBP : Day Chart (Posted Below)

I do hope most of you followers made plenty of pips on last weeks cross of the NZD, There was an easy 200 pips for your gathering if you had followed the blog and only today have we seen a turn in price.

On looking through my charts at the week end I noticed the EURGBP as been in an interesting phase and thought it would be a good one to share with you for the week ahead. So as normal lets start from the top.

The Monthly chart shows from 1996 - 2003 we were in a cup and handle pattern before consolidating from 2003 - 2007. Since then we have been in an uptrend taking price not quite to the BIG RN 1.0000. Since then we are in a pendant chart pattern awaiting a breakout. RSI has been over 70 and has recently returned under this level. Stochastics are pointing down and crossed below the 80 line in January this year.

The Weekly chart shows the pennant in greater detail and the Advanced Get "Elipse" indicates a deeper pullback towards the VI. For this to happen we would like to see price fall below our trend line and support.

Our Daily chart offers a shorter term offering of an upwards move, having given us a double bottom on the trend line. With the VI trailing below to catch us, we currently are locked into a dog fight with the RN 0.90000. Winning this fight could see our target of the resistance trend line, remembering the longer term trend was DOWN.

Our 60 mins chart shows the current dogfight in full detail and also divergence between price and the MACD signal line.

I will leave you with the DAY chart, feel free to refer to the other timeframes as indicated and see what you can see.

Now LOOK again and What can you NOT see ?
















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
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Down Under smaller timeframe.

Good morning Dynamic Traders,

Due to the price action overnight, I am keeping an eye on the AUDNZD on the four hour timeframe.

At present it is being halted by the V.I. on this timescale and the lowest point was at a weaker figure area.
Because of this and other confluences which you should find including the low RSI as shown, I am putting this on my watchlist for a further move down in time, but am expecting a bounce up/retracement first.

I am not trading this at present but shall await further outcomes to see if I want to trade this northward on my lower timeframes with good management before taking a shorting stance later should this scenario arise.
The shorter term long, is riskier but could prove fruitful if managed well for lesser profits but for the more conservative trader wait to see if your confluences grow for the short trade later.

Charts courtesy of TradeStation.

Enjoy your trading.

Clayton Farnworth.

The Aussie Dollar Swiss Franc review.

Good afternoon Dynamic Traders,

Due to NFP change and other high impact news I have not traded today but thought I would review yesterdays blog.
As can be seen from the image below price action did indeed move up to the area written about at the fibonacci extension, and other confluences and since has retraced offering over one hundred and fifty pips if taken from this area using an aggressive stance with small stops.

The retracement thus far is looking just that, a retracement. I am in this trade with profits locked in and am not expecting too much more with price now in the breather zone and therefore have got a tight stop using my lower timeframe with a view to entering a long position should the opportunity arise.

Charts courtesy of AdvancedGet.

Have a great weekend.

Clayton Farnworth.

NZD Summary

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = NZD : Day Chart (Posted Below)

The end of another week in the markets and the end of the first third of the year (Already)
How is your trading plan going ? What do you measure your self with or against ? Do you analyse your day, week or month ? If not why not ?

Over the last 2 weeks we have been following the NZD and as I write we have seen, followed or traded over 400 pips of profit. You will not have got all of them and may of had a few scares along the way. Trading is a learning curve and a journey, you will not get there over night. If you stop you will never get there, so keep going and keep learning.

How do you eat an elephant ? One bit at a time.

Our NZD trade still has some strength left in its move upwards and you will see from MACD, that since the crossover of the signal line we are still increasing the gap between the lines, showing more momentum. Our RSI has not yet reached the 70 line where it has been previously, along side stochastics which has suppassed the 80 line, but still pointing upwards. Stochastics has not usually gone greater than 95, so a change of direction could be around the corner. As mentioned earlier in the week we have VI, RN and MOB above providing stiff resistance, the RN is at a breather level on the weekly chart.

All said we need to manage the trade closely and keep hold of the pips we have gained. As the steam moves out of the move, look for a shorting position to enter.

Have a great week end, get away from your screens for a day or so and come back fresh for the next week ahead, speak to you all Sunday night.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
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http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

NZD Breakout

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = NZD : Day Chart (Posted Below)

Well we get the Hollywood final, Barcelona vs Man Utd in Rome at end of the month. When things do not seem to be going your way, keep going to the end and who knows what will happen, unlucky Chelsea.

I mentioned that earlier in the week we had a false break out on the Daily and we must be patient to wait for a candle to close outside our trendlines. We got that yesterday, and those "Dynamic Traders" who have done the webinars training with Javid and Anne, would have applied their ESLT.

This would have taken you into the trade at 2300hrs GMT last night and as I write 90 pips for the better. If following your "Dynamic Trader", trading handbook then possibly double that pip count.

Points to note, we have a major RN .6000 and VI above us which will provide resistance. Our "Advanced Get" MOB is indicating a target of the VI area.















Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
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http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

The Aussie Dollar Swiss Franc.

Good morning Dynamic Traders,

Well after just over a week my internet is nearly there although not quite, but should be very soon and I will then be updating in TradeStation again, however until that point it will be in AdvancedGet.

Today I thought I would show the chart of the AUDCHF on the four hour timeframe.

This is showing signs of weakening as the strength is getting to a possible extreme level as can be seen by the OB RSI which is also diverging from a previous high.

This should be kept on your watchlist as at present it is not showing signs of a retracement, and as can be seen from the image below has got two MOB areas that do cluster around the figure together with a fib extension. I have also left the AdvanceGet Elliot Wave on which also indicates a possible projection around the same level.

I am putting this up in advance so as you have got time to prepare yourselves for the possible upcoming retracement so please ensure to do your own analysis before taking any trades.

Charts courtesy of AdvancedGet.

Enjoy your trading.

Clayton Farnworth.

Reflectionzd

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = NZD : Day Chart (Posted Below)

No I have not gone on holiday and I am still very much here, with all the bank holiday running around and the sad news of my dear army footballing friend passing away on Monday morning, I apologise for not posting the last couple of days.

I never finished to summarise on last weeks cross "NZD", so i will continue with it as it is at an exciting time like a couple of others crosses.

I have put the day chart below for you to look over, where you will see the squeeze is all but to happen and today (Tuesday) we were presented nearly with the breakout candle, however in retraced to the safety of the triangle. We need the candle to CLOSE outside our lines, so lets see what tomorrow brings.

Note we have the 200 & 100 EMA 400pips apart providing support and resistance, along with RN .6000 above and the divergence as mentioned previous.















Trade with Passion

John Maher
Forex Analyst

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Back in Time

Good evening dynamic traders. I was listening to the radio today and heard a debate regarding the direction of the Pound Dollar for the next 5 and 10 years. I must say the debate was more in the realms of an argument but was non the less interesting. My conclusion was it showed how desperate people are to always predict, to always be right and to be recognized as always being right. It made me want to phone in and suggest they both attend a Robbins event.

Moving on from prediction to technical analysis, the GBPUSD chart I had put up on FXCPS.com on Friday shows we are trading in a range and the market is finding resistance at the 1.5000 level from the beginning of this year. The last time Cable saw these prices was back in June 2002. From the recent low of January this year, the last time Cable saw 1.3500 was way back in September 1985. The GBPUSD has reached lows from 24 years ago which shows how badly the GBP has performed against it's counter part since reaching the highs of 2.1000 in November 2007.

So where next for this pair? The medium and long term trend is down and short term is up. After that massive downtrend the pair is now in consolidation and what we should be awaiting is a breakout for either a reversal or consolidation. This could happen in a matter of weeks or even months. If a reversal is in place then the next figure could be the resistance level. If we break our support and continue the trend down and if the lows of 1985 are in sight, then we would see prices at 1.0500.

Unlike the experts on the radio, I am not going to make any predictions. However, I will say if we want to know what is going to happen we will all just have to be patient!

Good trading.

Javid Shaik
Forex Analyst