4Xlounge Techincal Review – CAD/JPY – March 14, 2012
The 4Xlounge Technical Review is designed to provide a comprehensive analysis of the most actively traded currency pairs through the use of many of our custom technical indicators available only at 4Xlounge.com. Here we hope to identify the strongest trend in the market, and in turn allow us to profit on the flow of capital in the Forex market. Today we will focus our attention to the very strong trend that currently exists in the CAD/JPY.
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4Xlounge Round Table – JPY Reversals (Coming Soon)
All of the JPy crosses have make massive moves to the upside over the past few weeks. The X Meter Daily data is currently showing 2 JPY pairs as "over-extended". This is extremely rare. Our Bigger Picture Market Barometer can help us pin-point the turn. The Bigger Picture Barometer is already showing signs of a consolidation.
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4Xlounge Technical Review – AUD/JPY – February 28, 2012
The 4Xlounge Technical Review is designed to provide a concise analysis of the most actively traded currency pairs, as we continue to search for the true strongest trends in the Forex market and the highest probability trade scenarios. Today we will focus our attention to a pair that has enjoyed a remarkable trend to the upside for quite a long time, and now shows some signs of weakness.
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4Xlounge Round Table – Market Barometers (Scale)
Understanding our Market Barometers - Our Market Barometers, in addition to providing valuable trend data, can also spot key turning points or break-out levels in the market. Understanding the relationship between the various Market Barometers is critical. Once you can get your head around the concept of "trends within trends", our Market Barometers will provide some critical market data. Whenever you see a Market Barometer with all 8 lines in between the 55 and 45, you know that the market is about to make a very large move.
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4Xlounge Technical Review – NZD/USD – February 1, 2012
The 4Xlounge Technical Review discusses the most commonly traded currency pairs from a technical point of view specifically considering a number of the 4Xlounge custom indicators. Here we aim to identify the strongest current trends in the Forex market and the most logical possible trade set-ups. Although normally uncommon, today we will consider a possible reversal scenario in the NZD/USD.
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4Xlounge Weekly Review Special – January 20, 2012
This week a slew of economic data was released in the G-8 currencies including interest rate decisions, inflation reports, and housing data. Next week may prove to be very interesting as we expect a great deal of important economic data. Join us for our next Live Trading Session on Monday at 8:00 am EST. Have a great weekend.
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4Xlounge Technical Review – EUR/USD – January 12, 2012
The 4Xlounge Technical Review is designed to examine a number of our custom indicators and systems in order to identify new and unique trade scenarios every day. The active Forex trader can apply these lessons and principals to an array of currency pairs in the search additional trading signals. We will begin with the 4Xlounge Technical Dashboard Console, which displays 17 of the most actively, traded pairs and is updated on a real-time basis. The Global Trend Value found to the left hand side of each pair shows the relative strength on a scale of 0-99. Green numbers indicate an up-trend, where as red numbers show a trend to the downside. Generally speaking indications greater than ‘30’ reveals that a ‘significant’ trend exists. In today’s US session the EUR/USD enjoyed a healthy rally to the upside as the Global Trend Value currently registers a reading of ‘47’, which tells us at least for the time being, the EUR/USD has begun to move higher.
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4Xlounge Technical Review – USD/CAD – January 11, 2012
We are pleased to welcome you to the brand new 4Xlounge Technical Review where we strive to apply our customized trading indicators and systems to the current market conditions in our efforts to identify new and exciting ideas in the Forex market. Shown below, the 4Xlounge Technical Dashboard Console features the 17-most actively traded currency pairs, displaying each pair’s relative strength on a scale of 0-99. Those pairs with a trend to the upside are painted green, and those to the downside are red. ‘Significant’ trends are found with a ‘Global Trend Value’ of 30 or higher. The Technical Dashboard Console currently shows the USD/CAD with a Global Trend Value of 10. This tells us that both the USD & CAD currencies have recently behaved in a similar fashion, creating a ‘range-bound’ trading pattern in the USD/CAD currency pair that has so far failed to ‘breakout’ to the upside or downside. In other words, a Global Trend Value of 10 indicates the currency pair does not have a strong trend or direction. We will discuss a particular strategy that can be applied to these range-bound patterns.
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4Xlounge Technical Review – GBP/AUD – January 10, 2012
The 4Xlounge Technical Dashboard Console is used to allow the trader to quickly assess the current state of each of the 17-most actively traded currency pairs, in particular calculating the strength of their trend. Each currency pair’s Global Trend Value displays how strong or weak its trend is on a scale of 0-99. Trends to the upside are painted green, while those with a trend to the downside are painted red. Generally speaking ‘strong’ trends exist when the Global Trend Value is greater than ‘30’, and the higher the figure, the stronger the trend. Below the Technical Dashboard Console shows the GBP/AUD with a ‘significant’ trend to the downside as its Global Trend Value currently registers a minus (-) 53. When a strong trend does exist, traders should make every attempt to only trade in the same direction of its trend, in this case to the downside.
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Weekly Review Special – December 23, 2011
This week provided us with a number of quite significant ecnonomic developments including in the UK Home Prices, Bank of England minutes, and Gross Domestic Product figures. Please note we expect very light trading activity next week due to the holiday season, and trends are unlikly to develop or progress. We wish everyone a Happy Holiday Season and great New Year.
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