Tag Archives: trendline-trades

$AUDUSD hits key level of resistance; closed position with 255 pips profit; chart review #forex

The AUDUSD position has now been closed with 255 pips profit, by the alert based trade that was set up on timetotrade, to sell when the price hit the resistance trend line as discussed in the original AUDUSD trade strategy … Continue reading

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$GBPUSD broken through resistance at 1.6000 – chart review of key levels of support & resistance #forex

GBPUSD has managed to break through a key level of resistance at 1.6000. From a short term perspective the outlook is bullish, with the next key level of resistance being the downward trending resistance trend line: Click here to set … Continue reading

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$USDJPY is starting to weaken; still bearish; chart update #forex

The USDJPY made a small attempt to rally yesterday but it now looks set to continue in its downward trend, if it can make a clean break through the 76 support level: The USDJPY trade strategy discussed in a previous … Continue reading

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$AUDUSD continues its upward move; now overbought; next chart target 1.0700

The AUDUSD has made a big move to the upside over the last 12 hours and is now at the next point of weekly resistance and very overbought: It would be reasonable to expect some consolidation and profit taking at … Continue reading

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$AUDUSD #forex rate cut fear versus bullish China numbers

The AUDUSD pulled back to test support today after lower than expected Australian CPI figures fuelled fears of Interest Rate cuts. The weekly support trend line held and is now being helped by bullish news coming out of China. It … Continue reading

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$USDJPY #forex trade strategy

From a long term perspective the USDJPY is in a downward trend: and today it broke through a support level that has held for the last few months: A sell trade was posted on twitter @ 75.8545 and the following … Continue reading

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$EURUSD #forex chart review – testing key point of resistance

The EURUSD is testing a key point of resistance at approximately 1.3970: From a technical perspective the EURUSD has been in a downward trend since the start of May, 2011. It has rallied from lows in October to now test … Continue reading

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$AUDUSD #forex trading strategy

The AUDUSD has been in a well defined upward trend for a number of years now. It is currently making a bullish move and looks set to continue until it hits the next level of resistance at approximately 1.0700: The … Continue reading

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Hansen Natural – when is a good time to sell?

I was just looking through the Sensatus Investment Club portfolio and one of the investments that stands out is Hansen Natural (HANS). They are a US company that are probably better known for producing the Monster energy drink and sponsoring … Continue reading

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Break out trade setup on $GBPUSD #forex

After a big upward move over the last 6 months, the GBPUSD has reached a long term area of resistance. The longer term trend is still bearish, therefore a break out trade has been set up to sell to open … Continue reading

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