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 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 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 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 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 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.