New GBPUSD Signal

After a series of bullish breakouts, the GBPUSD closed the week with the creation of an inside bar. If currency price action closes “inside” of the reference candles high and low, traders may begin looking for a breakout at the start of next week’s trading. Resistance is market with Thursday high at 1.5476, and a breakout above this value would be considered a bullish on the creation of a new higher high. Conversely bearish breakouts begin below support found at 1.53370. A move below this point suggests that the pair may be developing a new bearish bias. In the event of either a bullish or bearish breakout, ATR can be used to project potential profit targets. Current daily ATR equals 117 pips and can be added to an entry in either scenario.

In the event that prices fail to breakout above or below the high and low set by the reference candle, this suggests that the GBPUSD will continue to consolidate inside of support and resistance. In this instance, it would tentatively delay the execution of any breakout based entry orders.

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 USDCAD Signal

As of 09/08/2015 at 18:30 EST:

The Global Currency Scalper is looking to Buy USDCAD

We are looking for the USDCAD to continue it's recent uptrend.  On the 4 hour chart it's forming a nice triangle pattern, we would like to see a close above this triangle before initiating our long position.

Targets will be the figure of 1.34000, 1.34500 and the figure of 1.35000.  Our stop will be placed with a break of the lower trendline of this triangle.  If this pair closes below the lower trendline of the triangle the signal will be 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 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 EUR/CHF Signal

This pair is forming a very solid ABCD pattern as point C was put in place very decisively.  The chart is showing the ABCD pattern overlaid with a Fibonacci Extension.  Our projection is for this pair to make a run towards the 61.8% to 76.4% Fib extensions but we wouldn't be surprised if it made a run to the 100% level as the pullback was shallow.  Pullbacks that do not retrace the entire 61.8% show that buyers are eager to resume the uptrend.  As you can see the C retracement was only 56.9%.  As long as the bulls stay in the Euro camp our projection could be met but as we all know the Euro has been in a long-term bear trend.

Set your stops just below point A, we will be willing to risk down to the 1.06900 level as our algorithm is calculating 90% odds of a run higher on the daily chart.  www.unique4xpro.com

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 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 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.