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GRaB | Daily Forex Trading Edge

GRaB

Trending Chart Patterns

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Learn Trending Chart Patterns and the Three Entry Strategies you can use to trade them. Understand the sentiment, momentum, and trend with GRaB candles and the 34EMA Wave.

Off the Chart: EUR/USD Swing Buy

Thursday, Apr 7, 2011

The not-so-surprising 25 basis point rate hike came through today courtesy of the ECB however it must be considered that traders were slightly disappointed initially by the lack of any statement leading into a possible second rate hike later this year. The EUR/USD is widely believed to have discounted to a small degree a 1.50% rate by the end of the year.

IBFX-PRS with Rising Wedge, 34EMA Wave, and green GRaB candles all point to a resumption of the uptrend.

Posted By: 

Raghee Horner

Raghee Horner, chief currency analyst for IBFX, provides her personal daily trading tips and insights through Dailyforextradingedge.com. An experienced trader with over fifteen years in the markets, Raghee is the co-founder of EZ2Trade Software and has taught her brand of technical analysis and charting strategies to students all over the world. She is an international author and has taught currencies, futures, and equities trading for over a decade.
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Crude Above $105/barrel and Intraday USD/CAD Swing Considerations

Thursday, Mar 24, 2011

The crude oil market has once again rallied higher towards the previous resistance waiting at 106.95. The push comes after nearly a week of lower lows as crude corrected to 96.22 and a quick dip below the 100.00 psychological level. This move in crude has been accompanied by a resurgent U.S. equities market - that I must also mention - is still within a distribution market trend. The footing above 12,100 in the Dow Jones Industrial Average is a very strong confirmation of the recent bullish momentum.

Posted By: 

Raghee Horner

Raghee Horner, chief currency analyst for IBFX, provides her personal daily trading tips and insights through Dailyforextradingedge.com. An experienced trader with over fifteen years in the markets, Raghee is the co-founder of EZ2Trade Software and has taught her brand of technical analysis and charting strategies to students all over the world. She is an international author and has taught currencies, futures, and equities trading for over a decade.
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Off the Chart: USD/CHF Rally into Possible Swing Short

Friday, Mar 25, 2011

The USD/CHF is once again on the move higher as has been the near-term price movement since the 0.8921 low hit on March 16. The USD/CHF is rallying on the dollar’s push back above 76.00 and the persistent sovereign debt concerns in Europe.

Posted By: 

Raghee Horner

Raghee Horner, chief currency analyst for IBFX, provides her personal daily trading tips and insights through Dailyforextradingedge.com. An experienced trader with over fifteen years in the markets, Raghee is the co-founder of EZ2Trade Software and has taught her brand of technical analysis and charting strategies to students all over the world. She is an international author and has taught currencies, futures, and equities trading for over a decade.
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Playing the U.S. Dollar’s Current Rally

Wednesday, Mar 30, 2011

After hawkish talk from Fed officials Plosser, Fisher, and Bullard, the dollar has taken a fresh new stab at the resistance along 76.60 to 76.70 on the U.S. Dollar Index. This is important to consider when the bearish Directional Bias on the USD/CHF is possibly transitioning and the EUR/USD is testing uptrend line support.

Posted By: 

Raghee Horner

Raghee Horner, chief currency analyst for IBFX, provides her personal daily trading tips and insights through Dailyforextradingedge.com. An experienced trader with over fifteen years in the markets, Raghee is the co-founder of EZ2Trade Software and has taught her brand of technical analysis and charting strategies to students all over the world. She is an international author and has taught currencies, futures, and equities trading for over a decade.
Related Terms:

Cable back to its winning ways, but for how long?

Tuesday, Apr 5, 2011

While the 15, 30, and 60-minute time frames are in mark up trends, the GBP/USD’s daily Directional Bias is still in distribution. This increases the likelihood that the pair will exhaust between the area of recent highs below 1.6300. Today’s (current) 1.6297 high shows the selling pressure waiting to step in front of the major psychological level. Previous highs include a “tweezers’ top” at 1.6295 and 1.6299 back in early November ’10, 1.6278,

Posted By: 

Raghee Horner

Raghee Horner, chief currency analyst for IBFX, provides her personal daily trading tips and insights through Dailyforextradingedge.com. An experienced trader with over fifteen years in the markets, Raghee is the co-founder of EZ2Trade Software and has taught her brand of technical analysis and charting strategies to students all over the world. She is an international author and has taught currencies, futures, and equities trading for over a decade.

The EUR/USD Price Squeeze is On

Thursday, Mar 31, 2011

The current uptrend on the daily chart of the EUR/USD is meeting with the resistance from what is turning out to be a formidable, potential triple top along highs at 1.4282, 1.4250, and today’s current high at 1.4234. As the support of the 34EMA Wave and four-month uptrend line are climbing higher towards the ceiling between 1.4234 and 1.4282 one of these level will have to give. Using the Directional Bias of the daily does give a clue to which way it will potentially be.

Posted By: 

Raghee Horner

Raghee Horner, chief currency analyst for IBFX, provides her personal daily trading tips and insights through Dailyforextradingedge.com. An experienced trader with over fifteen years in the markets, Raghee is the co-founder of EZ2Trade Software and has taught her brand of technical analysis and charting strategies to students all over the world. She is an international author and has taught currencies, futures, and equities trading for over a decade.
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