New EURAUD Signal

As of 09/10/2015 at 9:00 EST

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

As you can see this pair is forming a triangle pattern on the 4 hour timeframe.  With the long-term trend on the daily being to the upside we will be looking to trade this pair with that in mind.  Although we won't be afraid to take a short position, current trends tell us to lean towards the long side.  When looking at the hourly chart you can see this triangle forming on the 4 hour and that the pair has recently traded down towards the lower end of that triangle.  With a short-term down trendline drawn in red we will be looking for a close above this short-term trendlind before initiating a long position.

Once our long position is initiated this pair could very easily make a run back up towards the top of the triangle on the 4 hour.  Our profit targets will be 1.60340, 1.61200 and 1.63700 if the top trendline of the triangle is taken out with conviction.  Our stop will be placed at 1.57700, possibly as low as 1.57400.

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 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 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 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

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 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 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.

New Correlation Signal EUR/GBP & EUR/JPY

As of 06/02/2015 @ 18:02 EST:

The Global Currency Scalper will be taking the following trade:  Long EUR/GBP & Short EUR/JPY.

A nice correlation trade is setting up between EUR/GBP & EUR/JPY.  The spread in the correlation is currently 400 Pips, over the past year the max spread has been approximately 500 Pips.  This pair has a correlation of 70% over the past year and 88% over the past 6 months.

We will be taking 1/2 our intended position size, if the spread continues to widen we will slowly add to our position.  There is a good chance we see that happen over the next few days as the Great Britain, Eurozone & Japan all have economic news scheduled this week.  If our timing happens to be accurate and the spread begins to narrow before that data is released we will book our profit.

*Remember 1 Pip move EUR/GBP is equivalent to 1.5 Pips so you must reduce your size in EUR/GBP.

New Correlation Between GBP/USD & AUD/USD

*Position Update:  The Global Currency Scalper closed this correlation trade with a profit of 196.7 Pips.

As of 05/19/2015 @ 19:35 EST:

The Global Currency Scalper will be placing the following trade: Short GBP/USD & Long AUD/USD.

A nice correlation trade is setting up between GBP/USD & AUD/USD.  The spread in the correlation is currently 450 Pips, over the past year the max spread has been approximately 500 Pips.

We will be taking 1/2 our intended position size, if the spread continues to widen we will slowly add to our position.  There is a good chance we see that happen over the next few days as the US, Great Britain & Australia all have economic news scheduled for release.  If our timing happens to be accurate and the spread begins to narrow before that data is released we will book our profit.

New Correlation CAD/JPY & GBP/JPY

*Position Update:  As of 05/19/2015 @ 7:33 EST The Global Currency Scalper closed out both sides of this correlation trade with 112.2 Pips.

As of 05/18/2015 @ 8:55 EST:

The Global Currency Scalper will be taking the following trade:  Long CAD/JPY & Short GBP/JPY

The correlation between these two pairs is 77% over the past year.  The widest the spread has got over that time is about 800 Pips.  Currently these two pairs are 600 Pips apart.  The GBP/JPY has enjoyed a nice run-up lately which may be stretched, bumping up against some near term resistance.

With that said we will be entering 1/2 our intended position size with the intentions of easing into the second half if the spread widens significantly.  We expect to see this spread narrow over the coming days/weeks.  If it happens before we can put our entire position on we will feel comfortable closing out the position with a profit of any amount.  Keep in mind there is a national holiday in Canada today with its banks closed.

New Correlation Trade EUR/USD & GBP/USD

*Position Update:  As of 05/15/2015 @ 7:41 EST The Global Currency Scalper liquidated both sides of this correlation trade with a profit of 28.6 Pips.

As of 05/14/2015 @ 12:03 EST:

The Trade: Long EUR/USD & Short GBP/USD

The correlation between these two pairs is 96% over the past year.  The widest the spread has got over that time is about 700 Pips.  Over the past 18 months we saw the spread widen to approximately 800 Pips.  Currently these two pairs are 700 Pips apart.

With that said we will be entering 1/2 our intended position size with the intentions of easing into the second half if the spread widens significantly.  We expect to see this spread narrow over the coming days/weeks.  If it happens before we can put our entire position on we will feel comfortable closing out the position with a profit of any amount.

New Signal AUD/USD

As of 05/13/2015 @ 20:53 EST:

The trade Buy AUD/USD @ 0.80750

AUD/USD is sharply higher breaking the 0.80760 top from April 29th and extends the recovery from the lows set last week and during the month of April.  Since mid April this pair has been putting in higher lows and we believe this trend will continue.

We are looking for AUD/USD to test the top trend line of the reverse triangle and will be buyers ahead of this level.  Bidding 0.80750 with a targets of the figure 0.82000 and ultimately 0.82950 which is the YTD high set in January.  A stop will be placed at 0.78400 which will be raised as the days go by and the higher lows trend-line is followed.

Our Unique Forex algorithm is making the same prediction with a probability of 93%.

New Correlation Trade AUD/USD & AUD/NZD

*Position Update:  As of 05/13/2015 @ 23:38 The Global Currency Scalper liquidated its position with a gain of 28.0 Pips.

As of 05/06/2015 @ 18:50 EST:

The trade:  Long AUD/USD & Short AUD/NZD.

The Global Currency Scalper is seeing a nice correlation trade setting up between AUD/USD & AUD/NZD.  The spread in the correlation is currently 300 Pips, over the past year the max spread has been approximately 600 Pips.

We will be taking 1/2 our intended position size, if the spread continues to widen we will slowly add to our position.  There is a good chance we see that happen over the next few days as the US & Australia both have unemployment numbers scheduled for release, with Australia's in the next few hours.  If our timing happens to be accurate today and the spread begins to narrow before that data is released we will book our profit.

New Correlation Signal USD/CAD & USD/JPY

*Position Update:  On 05/06/2015 @ 14:58 The Global Currency Scalper liquidated both sides of the correlation trade with a profit of 79.1 Pips. 

As of 05/06/2015 @ 11:36 EST:

The trade:  Long USD/CAD & Short USD/JPY.

A nice correlation trade is setting up between USD/CAD & USD/JPY.  The spread in the correlation is currently 600 Pips, over the past year the max spread has been approximately 1,200 Pips.

We will be taking 1/4 our intended position size, if the spread continues to widen we will slowly add to our position.  There is a good chance we see that happen over the next few days as the US & Canada both have unemployment numbers scheduled for release.  If our timing happens to be accurate today and the spread begins to narrow before that data is released we will book our profit.

New Correlation Trade AUD/JPY & CAD/JPY

*Position Update:  As of 05/05/2015 at 00:36 EST The Global Currency Scalper liquidated both sides of the correlation trade with a profit of 73.1 Pips.

As of 05/04/2015 at 21:42 EST:

A nice correlation trade is setting up between AUD/JPY & CAD/JPY.  The spread in the correlation is currently 200 Pips, over the past year the max spread has been approximately 400 - 450 Pips.

We will be taking 1/2 our intended position size, if the spread widens to that max spread mentioned above we will add the second 1/2.  Australia is announcing interest rates in 3 hours which could provide that opportunity or present us with a profit.  The trade is Long AUD/JPY & Short CAD/JPY.