Wednesday, November 12, 2014

FOREX Trade of the Day: Sell EUR/NZD

Our YouTube video illustrates today's FOREX Trade of the Day and identifies downside price objectives.

Today's FOREX Trade of the Day was a short EUR/NZD position.

Entry Sell:       1.5986
Exit   Buy:       1.5887

Notional Intraday Profit: +99 pips



Today's intraday High of 1.5988 was above the 38.2% retracement of yesterday's Daily range, rendering the retracement level a profitable Entry Sell level.

Today's intraday Low of 1.5875 was below the 76.4% retracement level of the September Monthly range, rendering the retracement level a profitable Exit Buy level.

Looking at the Monthly chart below, we can see the market may test the 1.5848 level, representing the 61.8% retracement of the Low from August 2012 through the High of August 2013.





Downside price objectives include 1.5848, 1.5654, and 1.5510.


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Tuesday, November 11, 2014

FOREX Trade of the Day: Buy USD/JPY

Our YouTube video illustrates today's FOREX Trade of the Day and identifies upside price objectives.

Today's FOREX Trade of the Day was a long USD/JPY position.

Entry Buy:     114.65
Exit   Sell:      115.16

Notional Intraday Profit: +51 pips



Today's intraday Low of 114.62 was below the 23.6% retracement of Friday's Daily range, rendering the retracement level a profitable Entry Buy level.

Today's intraday High of 116.00 was above the 76.4% retracement level of the range from last Thursday's High through last Friday's Low, rendering the retracement level a profitable Exit Sell level.

Looking at the Monthly chart below, we can see the Weekly Open from last week gapped and opened above the 112.37 and 112.66 levels, representing key retracement levels related to the High from January 2002 and the High from June 2007, respectively.




Upside price objectives include 120.11 and 121.07.


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Wednesday, November 5, 2014

APPLE: Reached Our $108 Target and Eyes New Upside Price Objectives

Our YouTube video illustrates Apple's (AAPL) move through our $108 price objective this week. Our video from 27 October identified the $108 upside target and our video from 30 September discussed Apple's upside price potential.  Our recent blog post from 27 October also identified this.

Looking at the Daily chart below, we can see the $108 upside price objective. After Apple reached our previous upside price objective of $103.74 on 22 October, we identified the $108 handle.


Looking at the Weekly chart below, we see the $111 and $119 levels as new upside price objectives.




Looking at the Monthly chart below, we can see the $116 and $120 levels as additional upside price objectives.





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FOREX Trade of the Day: Buy EUR/GBP

Our YouTube video illustrates today's FOREX Trade of the Day and identifies upside price objectives.

Today's FOREX Trade of the Day was a long EUR/GBP position.

Entry Buy:     0.7836
Exit   Sell:      0.7856

Notional Intraday Profit: +20 pips




Today's intraday Low of 0.7836 was right around the 38.2% retracement of yesterday's Daily range, rendering the retracement level a profitable Entry Buy level.

Today's intraday High of 0.7858 was above the 23.6% retracement level of the range from the October High through the November intramonth Low, rendering the retracement level a profitable Exit Sell level.

Looking at the Monthly chart below, we can see recent tests of the 0.7783 level, relating to the 61.8% retracement of the January 2007 Low through the December 2008 High. We can also see cross holding above the 0.7740 level, representing the 50% retracement of the May 2000 Low through the December 2008 High - representing the Lifetime historical range of the Euro.





Downside price objectives include 0.7740, 0.7500, and 0.7315.


Trade Market Options
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Tuesday, November 4, 2014

FOREX Trade of the Day: Sell AUD/USD

Our YouTube video illustrates today's FOREX Trade of the Day and identifies downside price objectives.

Today's FOREX Trade of the Day was a short AUD/USD position.

Entry Sell:     0.8708
Exit   Buy:     0.8671

Notional Intraday Profit: +37 pips




Today's intraday High of 0.8708 (at the time) was right around the 38.2% retracement of yesterday's Daily range, rendering the retracement level a profitable Entry Sell level.

Today's intraday Low of 0.8644 was below the 38.2% retracement level of the range from April 2001 through July 2011, rendering the retracement level a profitable Exit Buy level.

Looking at the Monthly chart below, we can see why we chose today's Exit Buy level of 0.8671, observing that it is the 38.2% retracement of the 2001 - 2011 range.




Downside price objectives include 0.8543 and 0.7945.


Trade Market Options
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Monday, November 3, 2014

FOREX Trade of the Day: Buy USD/CHF

Our YouTube video illustrates today's FOREX Trade of the Day and identifies further upside price objectives.

Today's FOREX Trade of the Day was a long USD/CHF position.

Entry Buy:    0.9636
Exit   Sell:     0.9682

Notional Intraday Profit: +46 pips




Today's intraday Low of 0.9635 was above 23.6% retracement of Friday's Daily range, rendering the retracement level a profitable Entry Buy level.

Today's intraday High of 0.9690 was above the 50% retracement level of the range from November 2008 through August 2011, rendering the retracement level a profitable Exit Sell level.

Looking at the Monthly chart below, we can see that today's intraday High was just below the 23.6% retracement of the range from October 2000 through August 2011. This range coincides with the pair's relative High and Low during the lifetime of the Euro.





Upside price objectives include 0.9720, 1.0175, and 1.0299.


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Thursday, October 30, 2014

FOREX Trade of the Day: Sell EUR/JPY

Our YouTube video illustrates today's FOREX Trade of the Day and identifies further upside and downside price objectives.

Today's FOREX Trade of the Day was a short EUR/JPY position.

Entry Sell:    137.63
Exit   Buy:    137.35

Notional Intraday Profit: +28 pips



Today's intraday High of 137.71 was above 38.2% retracement of yesterday's Daily range, rendering the retracement level a profitable Entry Sell level.

Today's intraday Low of 137.27 was below the 23.6% retracement level of the range from the Low on 23 October through the High on 29 October, rendering the retracement level a profitable Exit Buy level.

Looking at the Monthly chart below, we can see how the October intramonth High was just below the 38.2% retracement of the cross rate's Lifetime range, from the Low in October 2000 through the High in July 2008.




Downside price objectives include 136.94, 135.86, 133.50, and. 132.03,


Trade Market Options
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