New EURNZD Signal

As of 09/24/2015 at 8:20 EST

The Global Currency Scalper has identified a possible Short trade in EURNZD.

EURNZD is setting up for a possible bearish move down to any of the 3 targets listed below.  Although this pair has been in a beautiful uptrend over the past 5 months, it will end sooner or later.  RSI has been flashing some negative divergence for 3 months, that alone is not enough to act upon.  We will be waiting to see a daily close below the lower uptrend line by more than 50 Pips before initiating our swing position.

Targets are listed in blue at 1.67852, 1.63632, 1.60116 and 1.54088.  Stop can be placed with a daily close above 1.80070 or if you'd like to risk more, a daily close above the upper trendline.

New GBPUSD Signal

As of 09/09/2015 at 14:00 EST

The Global Currency Scalper has identified a possible Long trade in GBPUSD.

GBPUSD is forming a nice triangle on the 30 min chart.  With a close above the top trendline and our algorithm confirming a run higher we will be taking a long position.  If this pair closes below the lower trendline of the triangle the signal will be null and void.

We suggest waiting for our algorithm to give the green light, as of this writing it's showing a consolidation towards the triangle's apex.

New GBPUSD Signal

As of 09/03/2015 at 16:00 EST

The Global Currency Scalper has identified a possible short trade in GBPUSD.

GBPUSD has been in a downtrend over the past few days and clearly the hourly chart is following suit.  As you can see there have been  three corrective moves over the course of this downtrend.  Each of these three corrective moves spanned 51 - 102 Pips.

When corrective moves are limited to less than 20% of the total move it is showing that sellers are in control.  Again as you can see the biggest corrective move of 102 pips was 17% of the total move while the other two ranged from 8.5% - 11.3%.  Sellers are obviously in control.

We will be waiting for another corrective move of between 51 - 102 Pips, currently having a short entry target of 1.52900 - 1.53250.  This can very easily change if this pair sets a new low before giving us the corrective move we're looking for, with that said we are willing to adjust our short entry target if needed.

Targets will be 1.51750, 1.51000 and 1.50300.  Our stop will be 1.54500.

New EURUSD Signal

As of 09/01/2015 at 13:55 EST:

The Global Currency Scalper has identified a possible Short trade in EURUSD.

We will be watching EURUSD for a breakout of this Triangle pattern to the downside.   This is an emerging pattern with high probability.  Wait for a close on the 30 minute chart below the lower trendline of this triangle pattern before initiating a position.  Targets of 1.11500 - 1.11700 and 1.11000.

If this pair breaks up through the upper trendline this signal will be null and void.

New Signal USDCHF

As of 08/25/2015 at 16:20 EST:

The Global Currency Scalper has identified a possible Short trade in USDCHF.

We will be watching USDCHF for a breakout of this Rising Wedge to the downside.   This is an emerging pattern with high probability.  Wait for a close on the 30 minute chart below the lower trendline of this rising wedge pattern before initiating a position.  Targets of 0.93300, 0.93000 and 0.92500.

If this pair breaks up through the upper trendline this signal will be null and void.

New Signal EUR/USD

As of 08/25/2015 at 10:25 EST:

The Global Currency Scalper has identified a possible Long trade on EURUSD.

We will be watching EURUSD for a breakout of this flag to the upside.   This is an emerging pattern with high probability.  Wait for a close on the 30 minute chart for a close above the top trendline of this flag pattern before initiating a position.  Targets of 1.15750, the figure of 1.16000 and 1.16200.

If this pair breaks down through the lower trendline this signal will be null and void.

EURUSD May Still Have Room To Run

EURUSD formed a solid ABCD pattern which is overlaid with a Fibonacci Extension.  This pair could have room to run if it can get through the 76.4% Fib level followed by the 85.4% level.  We should see EURUSD run to at least 100% Fib level which would bring this pair to the 1.13736 level.  Considering the move from point B to point C was shallow at 54.4% compared to the expected 61.8% level shows that buyers we eager to resume the uptrend.

If you're still long we would recommend lightening up on your position at bare minimum around this 76.4% level.  With the remaining position you could place your stop between break-even and just below point B depending on your aggressiveness.

New Signal AUD/NZD

As of 08/19/2015 @ 23:25 EST:

The Global Currency Scalper has identified a Long opportunity in AUDNZD.

The AUDNZD pair is forming a solid Gartley pattern on the 4H chart.  It's in the process of forming a bullish formation which we will be able to initiate a long trade at or near point D.  This could take a day or two to unfold, if the pair decides to rally without coming down close to point D the order will be cancelled.

We will be looking to take this pair long at 1.10600 which also coincides to a congestion area from the end of July which should act as support along with the Gartley.  Our stop will be on a break of point X by 10 - 20 Pips.  With that said our stop will be 1.1000 which is also a big figure.  Profit target will be 1.11200 - 1.11500.

New Signal AUD/JPY

As of 08/19/2015 @ 23:05 EST:

The Global Currency Scalper has identified a possible Long trade in AUD/JPY

The AUDJPY is forming a solid Gartley pattern on the 4H chart.  It's in the process of forming a bullish formation which we will be able to initiate a long trade at or near point D.  This could take a day or two to unfold, if the pair decides to rally without coming down close to point D the order will be cancelled.

We will be looking to take this pair long at 89.960 which also coincides close to the figure.  You may want to consider placing an order to buy just ahead of the figure just in-case it bounces off the figure.  Our stop will be on a break of point X by 10 - 20 Pips.  With that said our stop will be 89.100.  Profit target will be 91.200 - 91.500

Possible Long Setup In GBPNZD

As of 08/18/2015 at 20:55 EST:

The Global Currency Scalper has identified a possible Long trade in GBPNZD.

GBPNZD is in the midst of forming a Gartley pattern on the 1H chart.  Keep an eye to see if this pair approaches point D, if so and can hold with a close near point D it may present a solid long opportunity.  We would like to see our algorithm confirm a possible bounce off the D level before initiating a position.

Possible Long Trade In GBP/CAD

As of 08/18/2015 at 20:45 EST:

The Global Currency Scalper has identified a possible Long trade in GBPCAD.

GBPCAD is in the midst of forming a Gartley pattern on the 1H chart.  Keep an eye to see if this pair approaches point D, if so and can hold with a close near point D it may present a solid long opportunity.  We would like to see our algorithm confirm a possible bounce off the D level before initiating a position.

New EURUSD Signal

As of 08/04/2015 @ 16:45 EST:

The Global Currency Scalper has recognized a descending triangle pattern on EURUSD.

The EURUSD is in the process of forming a descending triangle which we will be looking to short about 20 pips below the bottom of the triangle.  According to our algorithm this pair has a 76% success rate on the daily chart when it recognizes a pattern.  This pattern has a 76% success rate for all currency pairs which we monitor.

Our profit target will be 200-220 pips while our stop will be 180-200 pips.

New Signal EURNZD

As of 08/03/2015 at 21:20 EST:

The Global Currency Scalper has identified a possible long trade in EURNZD.

The EURNZD is in the process of forming an ascending triangle on the 1H chart.  This pair has a 69% success rate on the 1H chart and this ascending triangle pattern has a 80% success rate on all currency pairs our algorithm trades.

We will be buyers of this pair approximately 20 pips above the top line of the triangle.  Our profit target will be 250-300 pips while our stop will be 140-180 pips.

New Signal NZD/JPY

As of 08/03/2015 @ 20:55 EST:

The Global Currency Scalper has identified a short trade in NZD/JPY.

NZDJPY is in the process of forming a descending triangle.  This pair has a success rate of 71% on the 1H chart when identified by our algorithm.  The descending triangle pattern has a success rate 74% on the 1H chart for all pairs generated by our algorithm.

We will be shorting this pair approximately 20 pips below the bottom of the triangle.  Our profit target will be 150-180 Pips.  Stops will be placed 60-100 Pips.

New GBPJPY Signal

As of 08/02/2015 @ 20:30 EST:

The Global Currency Scalper has identified a long opportunity in GBPJPY.

We will be buying some GBPJPY at market with a price target of 194.700 while risking 100 Pips. This pair is forming an Ascending Triangle which on the 4H chart has produced 75% chance of hitting our projection.  Our algorithm has produced 69% odds on GBPJPY when giving a signal. Total odds for this trade will be approximately 72% odds of hitting the target.

New Signal Buy EUR/JPY

As of 07/13/2015 @ 10:35 EST:

The Global Currency Scalper has identified a Gartley pattern in the process of being formed in EUR/JPY pair.  Gartley patterns are to be traded at point D but with the Greek deal and our algorithm giving a buy signal we will trade this pair from the long side while the Gartley is being formed.

We will be going long at market or any price under 136.400, our stop will be 134.600 and our forecast will be 139.900.

New Signal USD/JPY

As of 06/22/2015 @ 22:20 EST:

USD/JPY is an uptrend over the past year and although we expect a period of consolidation this pair is one to watch.  A breakout of this consolidation period, one way or the other will warrant action.

We will be taking a long position with a break of 124.170 or a short position with a break of 122.330.  Either position will have a risk of approximately 180 Pips.  Targets will be 150 - 200 Pips.

New Signal AUD/USD

As of 06/22/2015 @ 21:54 EST:

The Australian Dollar may be readying to turn lower against its US counterpart after prices put in a bearish Three Inside Down candlestick pattern. A daily close below 23.6% Fibonacci expansion at 0.7715 exposes the 38.2% level at 0.7632. Alternatively, a reversal above the 14.6% Fib at 0.7766 clears the way for a test of the 0.7813-18 area.

We will be taking a short position with a break of 0.76900 or conversely taking a long position with a break of 0.77760.  Both will have a stop of approximately 85 Pips.

New Signal GBP/USD

As of 06/22/2015 @ 21:15 EST:

The British Pound advanced against the US Dollar as expected but a bearish Evening Star candlestick pattern hints a turn lower may now be ahead. Near-term support is at 1.5794, the 50% Fibonacci expansion, with a break below that on a daily closing basis exposing the 38.2% level at 1.5647. Alternatively, a turn above the 61.8% Fib at 1.5941 clears the way for a test of the 76.4% expansion at 1.6124.

We will be taking a short position with a break below 1.57800 with a stop of 1.59400, conversely we will be taking a long position with a break of 1.59500 with a stop of 1.57830.

New Signal USD/CAD

As of 06/18/2015 @ 22:30 EST:

The Global Currency Scalper has identified that USD/CAD is forming nice Gartley pattern on the 4H chart.

This pair is setting up nicely for a Gartley pattern which may complete down at level D.  Since level C was somewhat shallow we have increased the D level as sellers may have more control over buyers in the short-term.  We will be buyers around 1.20400 with a stop-loss of 140-150 Pips.  If level D holds true to form we could see a bounce of 200-300 Pips.