PipHolic.Com

Mizuho’s technical analysis:
Market is sideways. Suggested strategy is to attempt long (buy) at 1.5700; stop below 1.5400. First target 1.6000. Points to watch: 3rd support (1.5535) and 3rd resistance (1.6200)
Danske’s technical analysis:
Market is in a downtrend. Suggested strategy is to attempt long (buy) if price breaks 1.6201 with first profit target at 1.7235. Place the [...]

I finally closed this trade with +200 pips. The target wasn’t reached and price rebounded to north hitting my trailling stops. Below is the new trading idea based on today’s data.
Mizuho’s technical analysis:
Market is sideways. Suggested strategy is to attempt long (buy) at 1.5880; stop below 1.5400. First target 1.6000.
Danske’s technical analysis:
Market is sideways. Suggested [...]

I’m currently having a floating sell on gbp/usd. As I wrote in previous intraday trading idea, I would open a sell trade if gbp/usd price broke 1.5989. It happened yesterday, so that I opened sell at 1.5989. It’s currently floating on 204+ pips. Below is the chart with a little explanation.
Before you continue reading, please [...]

Nicole Elliot of Mizuho Bank wrote,”Stalling against the 38% Fibonacci retracement of the third leg lower and well below immediate trendline resistance with a ‘doji’ candle yesterday. Relief, but still well below last week’s high at 1.7518 which just goes to show what massive moves we have seen over the last four months.Expect a cautious [...]

This is my gbp/usd intraday trading idea based on data from technical analysis resources I mentioned before. I make use the daily pivot data which is written in today’s signal post. However this is different with the free forex signal. So please, don’t confuse both of them.
Mizuho technical analysis:
Market is sideways. Suggested strategy is [...]

There are many free forex technical analysis distributed over the internet. Be it in a one-man’s blog, corporate’s website, forex forum, mailing-lists or even in your trading platform. I had observed many of those technical analysis and found out that most of them are actually worthless. Some of them are even written to cheat readers.
IMHO, [...]