GBP/USD 4-Hour — Notice how the price has remained bouyant above the blue 100 EMA. I see the 100 EMA and the .382 Fibonacci retracement as support. I'm going to buy market price at 1.8870. My stop will be 1.8830 which is right below both ...

USD/JPY 4-Hour — Based on the shooting star formation at the height of today's rally which was also near its last recent highs, I believe this move has peaked. I'm shorting market at 116.50. My stop will be 116.75 and profit target will be ...

Trading is all about probabilities my friend. I identified my edge (identifying strong support at 116.00, hidden bullish divergence, etc.) and I placed my bet. If I win, I win. If I lose, I lose. It's only one trade and I will still have lots of ...

USD/JPY 4-Hour — Check out the hidden bullish divergence here. Price has made a higher low while the oscillator has made a lower low. I'm going to buy at 116.00. My stop will be 115.70 which is below the recent spike low. My profit target will ...

EUR/USD 1-Hour — Notice how the pair has been trading in 60 pip wide horizontal channels. I believe this pair is a little overbought at the moment and will probably weaken before resuming its uptrend. I'm going to buy at 1.2780. My stop loss ...

USD/JPY 1-Hour — I’m going short at market price at 115.50. My stop loss will be above resistance (marked in purple) at 115.85. My profit target will be 115.00.

USD/JPY 4-Hour — If this pair closes below 115.50, I’m going to sell. My stop will be placed 1 pip above the high of the breakout candle. For example, if this current candle closes below 115.00, its high is 115.72, so my stop loss will be ...

GBP/USD 4-Hour — We have a breakout here! The pair has managed to close below its support. I’m going to wait for the pair to pull back up to test resistance and short at 1.8370. My stop will be placed above the high of the breakout candle at ...

EUR/USD 4-Hour — On this chart, the pair managed to close below its purple 200 EMA and its old support at 1.2690. Price looks to have consolidated at the moment. I think a short rally occur before the pair continues it trip downward to 1.2500. ...

EUR/USD 4-Hour — The .618 Fibonacci retracement seems to be a strong support level. I also see hidden bullish divergence. Notice how price has made a higher low while the oscillator has made a lower low. This usually means the pair will head ...

EUR/USD 4-Hour — Last week, I had predicted that this pair would fall down to its blue 100 EMA and then bounce back up. Well I was wrong. Price fell to the 1.2720s level before bouncing back up. Looking at this chart, I have a feeling this ...

USD/JPY 4-Hour — Still bouncing around. Last night, I said I would sell this pair if it closed below 112.00 and target 111.50. While it did manage to close below 112.00, I did not take the trade due to the shape of the trigger candle ...

AUD/USD 4-Hour — I’m very bullish on this pair. Support on this cart is found on its pink 50 EMA, purple 200 EMA, as well its blue ascending trendline. It looks like its battling with its blue 100 EMA right now. If the pair can rise above its ...

USD/JPY 4-Hour — Here's something pretty interesting. I’ve drawn thick black horizontal lines to mark the round “00” numbers such as 109.00, 110.00, etc. I’ve also drawn thin gray dashed lines to mark the “50” numbers such as 109.50, 110.50, ...

EUR/USD 4-Hour — Check out how the pair was able to close below its pink 50 EMA which had been acting as support. The red descending trendline is its immediate resistance. If resistance can hold, I see a good trade setup. I will sell this pair ...

EUR/USD and USD/CHF Daily — EUR/USD This pair is still showing bearish divergence. This seemed like a perfect setup today with the pair expected to weaken due to strong expected U.S. retail sales. Apparently that didn’t work out as the market ...

USD/JPY 1-Hour — Japan’s Ministry of Finance issue warnings today that they might be “intervene in the yen”. This is Ministry of Finance talk for “buy a gazillion dollars to purposely depreciate their yen”. In the past, the Japanese has ...

EUR/USD 1-Hour — Bearish divergence seems to be everywhere! Support is its red trendline for now. If the pair can manage to break below support, I see it falling at least to its previous low of 1.2660. If the candle does close below the ...

The main focus will be on the language in the accompanying statement. Look for small changes aimed at providing a somewhat greater degree of policy flexibility going forward. For example, in its March 28 policy statement, the FOMC said it believed ...

EUR/USD 4-Hour — The 1.2690 level looks to be acting as good support for this pair on this chart. The ascending blue dashed trendline is also providing nice support. If this pair can manage to break through this support, I’m going to sell this ...