New AUDNZD Signal

As of 09/21/2015 at 08:34 EST:

The Global Currency Trader has identified a possible Long trade in AUDNZD.

AUDNZD is forming a solid triangle pattern on the hourly chart.  If you back out and look at the daily chart you find this pair is in a long-term uptrend which will favor a move out of this triangle pattern to the upside.  We will be looking for a close above the upper trendline before initiating our position.

Targets will be 1.13700 and the figure of 1.14000.  Our stop will be place with a break of the lower trendline which at this time is approximately 90 Pips.  If this pair closes below the lower trendline before we can initiate our position the signal will be null and void.

New EURGBP Signal

EURGBP is forming a nice falling wedge pattern on the 4 hour.  This should lead to a breakout to the upside and continue it's short-term trend higher.

We will be waiting for a close above the top trendline, assuming we get that close we will then initiate our long position.  Targets will be 0.7400, 0.74500 and 0.75000.  A close below the lower trendline will make the signal null and void.

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 EURGBP Signal

As of 08/31/2015 at 19:00 EST:

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

We will be watching EURGBP for a breakout of this Flag 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 flag pattern before initiating a position.  Targets of 0.72400 - 0.72500 and 0.72000.

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

New Signal USD/JPY

As of 08/27/2015 at 13:15 the Global Currency Scalper has recognized a possible short trade in USD/JPY on the 1H chart.  It is forming a rising wedge pattern with a high probability trade if it can get triggered.

We will be waiting for a close below the lower trendline of this rising wedge before initiating a position.  Targets will be 119.750, 119.500 and the figure of 119.000.  If this pair trades above the upper trendline before initiating a position the signals becomes null and void.

New Signal EUR/USD

As of 08/26/2015 at 21:30 EST:

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

We will be watching EURUSD for a breakout of this Flag pattern to the upside.   This is an emerging pattern with high probability.  Wait for a close on the 60 minute chart above the upper trendline of this flag pattern before initiating a position.  Targets of 1.15200, 1.15600 and 1.16100.

If this pair breaks down through the lower 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 CADCHF

As of 08/25/2015 at 12:35 EST:

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

We will be watching CADCHF for a breakout of this Triangle 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 0.7000, 0.69850 and 0.69600.

If this pair breaks down through the lower 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.

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 USDJPY Signal

As of 08/04/2015 @ 22:30 EST:

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

USDJPY is forming an ascending triangle on the 4H chart.  Although our algorithm only gives a 61% success rate for this pair on the 4H chart the pattern gives 75% success rate on all pairs monitored.  Also with a close above the 38.2% Fibonacci extension coinciding with a breakout of the ascending triangle we will be looking to take a long position.

If this breakout occurs we will be long above 124.520 with targets of the figure 125.000, 125.400 and 126.000.  We will be risking 100-150 pips at max.

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.

New GBP/USD Signal

As of 06/15/2015 @ 21:53 EST:

The Global Currency Scalper has recognized GBP/USD is forming nice AB=CD pattern on the 4H chart.

This pair has exceeded its C target setting the stage for a move to point D which will at least 100% of the A-B move.  The B-C move should never exceed 78.6% of A-B, with that said we will set a stop of 100 Pips which will be slightly more than the 78.6% threshold.  It's very well possible point D stretches to 1.272%, 1.382%, 1.618%, or even 2.618% of the A-B move.  We will trade it conservatively and exit near the 100% level of 1.51700.