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Free Technical Analysis Reports

Daily free technical analysis reports with trade signals.

Reports for
07/12/2018
  • Daily Forex trade idea
    07/12/18
    No Trade today due to NFP, but we will be back on Monday with a new trade idea. Over the past 7 trade ideas, we have provided some great analysis, 4 worked (the USDCHF was tough to trade but the analysis played out) with good potential profit and 3 did not trigger. So 237 pips in profit!! Happy Trading!
Reports for
06/12/2018
  • Daily Forex trade idea
    06/12/18
    Market View and Analysis Today we will be looking at the USDJPY, decent US economic data, combined with continued BoJ's easing policy pushed USDJPY higher from 2012-2016 but it's now balanced as the Fed slowly reaches the end of its hiking cycle. 4 Hour Overview As we come into NFP day tomorrow, we will look for a short term trade, off the 4 hour chart, we note price moving up with trendline support from the lows in March 2018 of 104.63, then getting too strong resistance in the 114.39 area, and in recent days we have made some lower highs around this area, and now are back to trendline support of 112.65. We produced on the daily chart an inside day bar which is neutral, but with price having a stronger battle in this area, price may fall through the trendline. Trade Idea We will be looking for a Sell trade on the USDJPY We will be trading a move below a trendline. We are trading off the 4 Hour Chart. We will have an appropriate trade size for our account! Our entry will be ideally below 112.80 area. Our trade will be invalidated with a 4 hour close above 113.70 Our stop loss will be 40 pips from entry. Our target will be 112.00 area Happy Trading!
Reports for
05/12/2018
  • Daily Forex trade idea
    05/12/18
    Market View and Analysis Today we will take a look at the EURNZD, with the ECB turns more hawkish while the Kiwi is somewhat helped by rising commodity prices. The RBNZ remains dovish but Italy could potentially be a bigger problem for the Eurozone. 4 Hour Overview After another spinning top candle on the daily chart (It is hard to glean significant direction information form this candle as promotes indecision) but on the 4 hour chart we have traded lower than Friday's closes, and have consolidated around the 1.6370 area. We have unwound the stochastics and would see if the 1.6330 area breaks or holds. Trade Idea We will be looking for a Sell trade on the EURNZD We will be working from the 4 hour chart. We will have an appropriate trade size for your account! We will trade a break of support. We will look to sell below 1.6330 Our stop loss will be above 1.6426 Our target will be 1.6212 area. Happy Trading!
Reports for
04/12/2018
  • Daily Forex trade idea
    04/12/18
    Market View and Analysis Today we will be looking at the USDCAD, the Fed is nearing the end of its hiking cycle and the Canadian economy is showing some worrying signs. 4 Hour Overview The chart provides some important pointers to our trade idea, we note price has made a steady move up over October & November and rejected the 1.335 area, which was previous resistance in summer 2018. At the start of the month we have come down to test the trendline, but we have broken through and had a retest of the trendline. We will now see if price moves lower and holds below the 4 hour 200 MA to see if the trend is for now broken. Trade Idea We will be looking for a Sell trade on the USDCAD We will be trading a move below a support line We will have an appropriate trade size for our account! Our entry will be ideally below 1.3158 Our trade will be invalidated with a 4 hour close above 1.32 Our stop loss will be 30 pips from entry. Our target will be 1.31 Happy Trading!
Reports for
03/12/2018
  • Daily Forex trade idea
    03/12/18
    Market View and Analysis Today we will be looking again at the NZDCAD, both pairs are heavily linked to commodity prices. There are lots of gaps this morning and not many trade ideas. 4 Hour Overview But looking back at the 4 hour chart on the NZDCAD, we note our previous trade idea of price moving up to the 0.9101 area and beyond to 0.9150. But we have now seen a large negative engulfing candle at the new higher high as we move up the trendline, so as we have seen this previously then the retested of the trendline, we may see another fall back to the trendline before continuing up, into the 0.9214 area. We have to be careful as this is counter to the trend, but some retracement back to support can sometimes be expected. Trade Idea We will be looking for a Sell trade on the NZDCAD. We will be trading a break of support. We will trade off the 4 hour chart. Our entry will be below 0.9101 Our trade will be invalidated with a 4 hour close above 0.9165 Our stop loss will be 30 pips from entry. Our target will be the 0.9061 area Happy Trading!