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Forex Trading - Daily Alerts

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If you want to profit on forex trading, you've come to the right place. Daily Trading Alerts for Forex Traders with additional intra-day alerts whenever the situation requires it. The service covers the following currency pairs: EUR/USD, GBP/USD, USD/JPY, USD/CAD, USD/CHF, and USD/AUD. As Forex Trading Alerts subscriber you will remain up-to-date at all times - you will receive daily e-mail messages from Nadia Simmons with the most important trading details: latest price changes, support & resistance levels, buy & sell signals and early heads-up about the potential trading opportunities. If you''re trading currencies or would like to optimize your cash holdings (when holding cash, own the right form of cash), Forex Trading Alerts are perfect for you. 1-2 alerts per week are posted also in our Articles section, so you can review these real-time samples before you subscribe.

Whether you already subscribed or not, we encourage you to find out how to make the most of our alerts and read our replies to the most common alert-and-forex-trading-related-questions.

  • In the Battle of Two Dollars, the Loonie Seems to Be on the Defensive

    November 8, 2019, 7:39 AM

    USD/CAD

    Since rising from its lows in late October, the pair has been consolidating with a downward bias. Attempts to push higher were rejected, but in recent days, the exchange rate spiked higher. Can the bulls sustain their gains?

    On Tuesday, we wrote that USD/CAD:

    (...) remains trading inside the very short-term declining purple trend channel. It suggests that the next target for the sellers may be the lower border of the formation and the 50% Fibonacci retracement slightly below.

    As long as there is no daily close below these supports, a reversal and another attempt to move higher should not surprise us.

    The situation developed in tune with the above, and the exchange rate sharply erased almost the entire preceding decline. Yesterday brought us verification of the breakout above the declining purple trend channel, suggesting that higher values of USD/CAD are just around the corner.

    Should we see the pair rise from here, the first target for the bulls will be the last week's peak and then the 61.8% Fibonacci retracement (at around 1.3232).

    We hope you enjoyed reading the above free analysis, and we encourage you to read today's Forex Trading Alert - this analysis' full version. There, we discuss also the current situation in EUR/USD and GBP/USD. The full Alert includes more details about our current positions and levels to watch before deciding to open any new ones. There's no risk in subscribing right away, because there's a 30-day money back guarantee for all our products, so we encourage you to subscribe today.

  • Will the USD Leave Swiss Franc in the Dust?

    November 7, 2019, 10:27 AM

    USD/CHF

    Since October, USD/CHF has been mostly trading within the declining red trend channel. No breakdown or breakout attempt has made it far. The pair is now bumping into the upper border of the said trend channel. Time for a breakout, or is downside action more likely?

    Let's dive right into the chart below (chart courtesy of www.stooq.com ).

    Recently, USD/CHF bounced off the green support zone once again, and came back to the upper border of the declining red trend channel on Tuesday.

    While this is a bullish development, the bulls couldn't break above this resistance in any of the following days, similarly to the end of October.

    We saw another attempt to move higher earlier today, but the 50% Fibonacci retracement stopped the buyers for the second time in a row. It suggests that another reversal in the very near future should not surprise us.

    Therefore, should we see another daily close inside the trend channel, we'll consider opening short positions.

    We hope you enjoyed reading the above free analysis, and we encourage you to read today's Forex Trading Alert - this analysis' full version. There, we discuss also the current situation in EUR/USD and USD/JPY. The full Alert includes more details about our current positions and levels to watch before deciding to open any new ones. There's no risk in subscribing right away, because there's a 30-day money back guarantee for all our products, so we encourage you to subscribe today.

  • British Pounds' Consolidation: Calm Before the Storm

    November 6, 2019, 10:04 AM

    GBP/USD

    The combination of the previous peaks and the upper border of the purple consolidation triggered a pullback, taking GBP/USD below the previously broken upper border of the rising green trend channel.

    While this is a bearish sign, the overall situation in the short term remains almost unchanged as the pair is still trading inside the purple consolidation and well above the Oct. 24 low.

    Therefore, one more attempt to move higher may be just around the corner - especially when we take into account the short-term situation in the USD Index, as discussed further on.

    We hope you enjoyed reading the above free analysis, and we encourage you to read today's Forex Trading Alert - this analysis' full version. There, we discuss also the current situation in EUR/USD, AUD/USD and the USD Index. The full Alert includes more details about our current positions and levels to watch before deciding to open any new ones. There's no risk in subscribing right away, because there's a 30-day money back guarantee for all our products, so we encourage you to subscribe today.

  • Japanese Yen Is Bumping Against Resistance Again. Breakout Imminent?

    November 5, 2019, 6:42 AM

    USD/JPY

    In our Thursday's analysis, we noted the reversal at the upper border of the green rising wedge. The pair ended sharply lower that day but has been rising since. What is going on?

    Thursday's decline reached the lower border of the green rising wedge. This has stopped the sellers, and a rebound followed. At the moment of writing these words, the exchange rate is back at the orange resistance zone, which has been strong enough to stop the buyers a few times in the recent past.

    Additionally, the pair remains below the upper border of the green wedge that serves as an additional resistance. All in all, it means that as long as there is no breakout above these resistances, another reversal may be just around the corner.

    We hope you enjoyed reading the above free analysis, and we encourage you to read today's Forex Trading Alert - this analysis' full version. There, we discuss also the current situation in EUR/USD and USD/CAD. The full Alert includes more details about our current positions and levels to watch before deciding to open any new ones. There's no risk in subscribing right away, because there's a 30-day money back guarantee for all our products, so we encourage you to subscribe today.

  • What's Up, Euro Bulls? Taking a Breather Prior to Powering to New Highs?

    November 4, 2019, 11:34 AM

    EUR/USD

    Our Thursday's commentary notes the bulls' gains and the open path to the recent peaks. At the same time, we've raised the question how high can the pair go, providing several handy answers.

    What happened in the market since our Forex Trading Alert was posted? Let's see the chart below to find out.

    For now, EUR/USD remains stuck in the blue consolidation, which leaves the very short-term picture unchanged. Let's quote our Thursday's observations:

    (...) considering the breakout above the upper border of the declining yellow trend channel, EUR/USD could hit a fresh monthly high in the following day(s).

    How high could the pair go?

    In our opinion, the first upside target could be the 61.8% Fibonacci retracement or even the red resistance area created by the August peaks. This is where the size of the upward move will correspond to the height of the mentioned yellow channel (as marked with blue rectangle).

    We hope you enjoyed reading the above free analysis, and we encourage you to read today's Forex Trading Alert - this analysis' full version. There, we discuss also the current situation in USD/CHF and AUD/USD. The full Alert includes more details about our current positions and levels to watch before deciding to open any new ones. There's no risk in subscribing right away, because there's a 30-day money back guarantee for all our products, so we encourage you to subscribe today.

  • Two New Positions As the British Pound's Rise Delights Us

    October 31, 2019, 9:37 AM

    In our last commentary on GBP/USD, we noticed that the sellers had problems breaking below the upper border of the short-term rising green trend channel. Their visible difficulties encouraged us to open long positions.

    What happened after our Alert was posted?

    The daily chart show that despite several attempts to go south, the buyers didn't just give up - they pushed the pair higher and higher from session to session, making our long positions profitable.

    As a result, GBP/USD approached the previous peaks and the upper border of the purple consolidation earlier today, highlighting the key question: will we see further improvement?

    Taking into account the invalidation of the sell signal generated by the Stochastic Oscillator and the sellers' weakness in recent days, we think that a fresh peak is just around the corner.

    We hope you enjoyed reading the above free analysis, and we encourage you to read today's Forex Trading Alert - this analysis' full version. There, we discuss also the current situation in EUR/USD, USD/JPY and USD/CAD. The full Alert includes more details about our current positions and levels to watch before deciding to open any new ones. There's no risk in subscribing right away, because there's a 30-day money back guarantee for all our products, so we encourage you to subscribe today.

  • About to Break Higher from the Current Euro Consolidation?

    October 30, 2019, 10:03 AM

    EUR/USD

    Our yesterday's commentary on this currency pair mentions the bears' problems with breaking below the orange support zone. It also notes the potential implications of this situation.

    What happened after our Forex Trading Alert was posted? Let's focus on the chart below to find out.

    We see that EUR/USD closed Tuesday above the green horizontal line based on the mid-September peak. Earlier today, the bears attempted another downswing, but the bulls successfully stepped in, pushing the exchange rate above yesterday's high. This has made our open long positions profitable.

    Taking all the above into account, we continue to think that higher values of EUR/USD could be just around the corner - especially if the exchange rate closes today's session above the peak of Friday's candlestick. This candlestick we be considered as the upper border of the very short-term consolidation.

    What could happen if the bulls show more strength?

    Let's quote from our yesterday's Alert:

    (...) In our opinion, EUR/USD will likely test the upper border of the declining purple trend channel or even the recent peaks.

    We hope you enjoyed reading the above free analysis, and we encourage you to read today's Forex Trading Alert - this analysis' full version. There, we discuss also the current situation in USD/JPY and USD/CAD. The full Alert includes more details about our current positions and levels to watch before deciding to open any new ones. There's no risk in subscribing right away, because there's a 30-day money back guarantee for all our products, so we encourage you to subscribe today.

  • Two New Positions Just Opened As Australian Dollar Bulls Catch Second Breath

    October 29, 2019, 12:49 PM

    AUD/USD

    The most important event that we noticed in our last commentary on this pair, was the breakdown below the lower border of the very short-term purple consolidation. How did the fate of AUD/USD unfold in the days following this bearish development?

    Let's examine the daily chart to find out.

    From today's point of view, we see that although the sellers were strong enough to push the pair below the above-mentioned consolidation, they didn't succeed in taking the exchange rate to the 38.2% Fibonacci retracement in the following days.

    This is certainly a sign of their weakness. Combined with the black horizontal line based on the mid-October peak, it encouraged the buyers to take over. AUD/USD reversed and moved quite sharply higher earlier today, invalidating the earlier breakdown below the above-mentioned consolidation. Additionally, the Stochastic Oscillator invalidated its sell signal, giving the bulls another reason to act.

    What does it mean for AUD/USD?

    The bulls will likely test not only the previous peaks and the upper line of the formation, but also the mid-September highs or even the 38.2% Fibonacci retracement based on the entire 2019 decline in the very near future.

    Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective. Nevertheless, should we see the reliable signs of the buyers' weakness around the above-mentioned resistances, we'll consider opening short positions.

    We hope you enjoyed reading the above free analysis, and we encourage you to read today's Forex Trading Alert - this analysis' full version. There, we discuss also the current situation in EUR/USD and GBP/USD. The full Alert includes more details about our current positions and levels to watch before deciding to open any new ones. There's no risk in subscribing right away, because there's a 30-day money back guarantee for all our products, so we encourage you to subscribe today.

  • Can the Euro Bulls Overcome the Array of Bearish Signs?

    October 28, 2019, 9:28 AM

    EUR/USD

    In our Friday's EUR/USD commentary, we highlighted the bulls' problems with breaking the 50% Fibonacci retracement. What happened with EUR/USD in the hours following the Alert's publication? Let's check the chart below.

    On Friday, we also wrote that even if the exchange rate manages to move lower from current levels, the bears would have to overcome two supports: the lower border of the potential purple trend channel and the previously-broken orange area that serves as support now.

    Today's chart reveals that the sellers pushed the exchange rate below the green horizontal support line during Friday's session. This is certainly a bearish development. It triggered further deterioration, translating into the breakdown below the lower line of the declining purple trend channel.

    Additionally, the pair closed the day below both supports, and both the CCI and Stochastic Oscillator generated their sell signals. EUR/USD slipped to the orange support zone, which encouraged the bulls to fight for higher values earlier today.

    The pair rebounded and came back into the purple channel, which suggests that we could see an invalidation of Friday's breakdown in the following hours. If it happens, we could also see an attempt to move above the green line or even higher.

    Regardless of the many bearish omens, it is therefore not justified from the risk/reward perspective to open short positions at the moment of writing these words.

    Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective. However, we will carefully observe the actions of both, bulls and bears, in the areas discussed today, waiting for more clear clues as to the direction of the next bigger move.

    We hope you enjoyed reading the above free analysis, and we encourage you to read today's Forex Trading Alert - this analysis' full version. There, we discuss also the current situation in USD/JPY and USD/CAD. The full Alert includes more details about our current positions and levels to watch before deciding to open any new ones. There's no risk in subscribing right away, because there's a 30-day money back guarantee for all our products, so we encourage you to subscribe today.

  • Will the British Pound Bulls Prove Their Mettle?

    October 25, 2019, 12:04 PM

    GBP/USD

    In yesterday's alert we also discussed recent developments in this currency pair. We focused on the breakout above the upper border of the green rising trend channel and its implications, as well as the bulls' struggles with the psychological barrier of 1.300.

    How did the buyers deal with this resistance? Let's take a look at the chart below.

    We see that the bulls failed and didn't manage to break above the mentioned psychologically important level. This caused a downside move during recent sessions.

    Thanks to yesterday's drop, the pair tested the previously-broken upper border of the rising green trend channel. The pair rebounded and closed the day still above the channel.

    Despite this positive event, the bears moved once again earlier today, and GBP/USD slipped to the upper border of the channel for the second time in a row. Additionally, the CCI and the Stochastic Oscillator generated sell signals increasing the probability of further deterioration.

    But will we see such price action? In our opinion, as long as there is no daily close back inside the channel (in other words, as long as the pair doesn't invalidate last week's breakout above the channel), another rebound from here can't be ruled out and opening short positions is not yet justified from the risk/reward point of view.

    Should we see an invalidation of the breakout above this important support, we'll consider going short.

    What could happen if the bulls do not manage to hold these levels? Comeback into the channel could translate into a drop to around 1.2500 or even lower, where the previously-broken red declining line currently is, serving as an additional support.

    Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective.

    We hope you enjoyed reading the above free analysis, and we encourage you to read today's Forex Trading Alert - this analysis' full version. There, we discuss also the current situation in EUR/USD and AUD/USD. The full Alert includes more details about our current positions and levels to watch before deciding to open any new ones. There's no risk in subscribing right away, because there's a 30-day money back guarantee for all our products, so we encourage you to subscribe today.

    Thank you.

  • Green Shoots of Canadian Dollar Turnaround?

    October 24, 2019, 11:09 AM

    USD/CAD

    The first thing catching our eyes on Tuesday's USD/CAD chart, was the invalidation of the earlier breakdown below the lower border of the short-term trend channel. Additionally, the exchange rate came back above the green horizontal line based on the late-July low that day, which gave the bulls another reason to act.

    While these are positive developments for the bulls, and the daily indicators show oversold readings, we decided to focus on the buyers' behavior around the mentioned green line instead of opening positions based on unconfirmed signals.

    Was that a good decision? Let's take a closer look at the chart below to find out.

    While the buyers overcame two previously-broken lines, they didn't manage to close recently above the green line, which caused a pullback on Tuesday.

    On the following day, the bulls tried to go north once again, but they failed for the second time in a row, and their weakness encouraged the bears to act.

    As a result, USD/CAD slipped below the declining red trend channel, invalidating the prior positive developments. Earlier today, we noticed one more attempt to move higher, but the bulls disappointed just as previously, and the pair remains trading below the lower border of the formation.

    What does it mean for the exchange rate?

    If the buyers do not manage to come back into the channel later in the day, we should treat today's upswing as nothing more than verification of yesterday's breakdown. If the situation develops in line with the above, we'll likely see further deterioration and a test of the green support area created by the July lows in the very near future.

    Finishing today's USD/CAD commentary, we would like to add that the CCI and the Stochastic Oscillator are very close to generating their buy signals, increasing the probability of reversal in the coming day(s).

    Should we see reliable signs of the bulls' strength, we'll consider opening long positions.

    Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective.

    We hope you enjoyed reading the above free analysis, and we encourage you to read today's Forex Trading Alert - this analysis' full version. There, we discuss also the current situation in EUR/USD and USD/JPY. The full Alert includes more details about our current positions and levels to watch before deciding to open any new ones. There's no risk in subscribing right away, because there's a 30-day money back guarantee for all our products, so we encourage you to subscribe today.

  • About Those Keenly Watched Opportunities

    October 23, 2019, 9:33 AM

    EUR/USD

    In our yesterday's commentary on this currency pair, we wrote that EUR/USD climbed slightly above the late August peak and the 50% Fibonacci retracement, but then the bulls lost strength. This translated into a pullback at the beginning of this week.

    Additionally, we assumed that if the bears take over the market, the exchange rate could test the previously-broken green horizontal line based on the last month's peak.

    What happened after our Alert was posted? Let's check.

    From today's point of view, we see that the pair extended losses and reached our first downside target. The sell signal generated by the Stochastic Oscillator remains on the cards, giving support to the bears.

    Nevertheless, we think that as long as there is no daily close below the above-mentioned line, a reversal from here and a test of the 50% Fibonacci retracement or even the recent high can't be ruled out. Therefore, we decided to keep our cool and refrain from opening short positions.

    Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective. However, we will carefully observe the actions of both the bulls and bears, in the areas discussed today, waiting for more clear clues as to the direction of the next bigger move.

    We hope you enjoyed reading the above free analysis, and we encourage you to read today's Forex Trading Alert - this analysis' full version. In the full version we discuss also the current situation in GBP/USD and USD/CHF. The full Alert includes more details about levels to watch before deciding to open next positions. There's no risk in subscribing right away, because there's a 30-day money back guarantee for all our products, so we encourage you to subscribe today.

  • Oil and Forex Trading Alert - The USD Index Sliced Through Double Support While Oil Bulls Prevailed in the End

    October 18, 2019, 7:32 AM

    The USD Index breached two important supports yesterday: the declining support line and mid-September low. And that is influencing the short-term outlook - so, what are the scenarios for the upcoming moves exactly?

    Over in crude oil, black gold took more than its fair share of time before responding to the USD weakness with an upswing in the end. And as yesterday's USDX downswing has left a mark on the greenback's short-term outlook, the oil bulls are striving to add to their gains also today. What are their prospects?

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