Introduction To Free Trading Video
Please watch this video to fully understand the free trading videos. I talk you through an overview of what you are getting here in this section:
The analysis that we do over here at The FX Edge is presented by one of my FX Edge team members: Alex Kazmarck.
He is a great trader and is a valued member of my FX Edge Team.
Enjoy the daily trading videos!
Regards,
Kumar Kaushal
Free Daily Forex Video April 6, 2010
April 5, 2010 by KumarKaushal
Filed under FREE DAILY FX VIDEO
Here is your free trading video for 6th April 2010:
With no major news in the markets today, we are looking towards the European session to drive price action.
KEY SUPPORT AND RESISTANCE LEVELS:
| LEVEL | EURUSD | GBPUSD | USDCHF | USDJPY |
| Resistance Level 5 | $1.3700 | |||
| Resistance Level 4 | $1.3630 | $1.0750 | ||
| Resistance Level 3 | $1.3600 | $1.5550 | $1.0720 | ¥98.000 |
| Resistance Level 2 | $1.3550 | $1.5400 | $1.0680 | ¥95.400 |
| Resistance Level 1 | $1.3500 | $1.5320 | $1.0620 | ¥94.600 |
| Current Price | $1.3494 | $1.5301 | $1.0610 | ¥94.340 |
| Support Level 1 | $1.3400 | $1.5250 | $1.0580 | ¥94.000 |
| Support Level 2 | $1.3280 | $1.5200 | $1.0550 | ¥93.600 |
| Support Level 3 | $1.3250 | $1.5120 | $1.0500 | ¥93.000 |
| Support Level 4 | $1.5050 | $1.0440 | ¥92.000 | |
| Support Level 5 | $1.5000 | $1.0370 | ¥91.000 | |
Free Daily Forex Video April 5, 2010
April 4, 2010 by KumarKaushal
Filed under FREE DAILY FX VIDEO
Here is your free trading video for 5th April 2010:
With Europe still closed for the long weekend, we expect little movement. We’d like to see their reaction to dollar strength following the NFP release. We think it will be short lived.
KEY SUPPORT AND RESISTANCE LEVELS:
| LEVEL | EURUSD | GBPUSD | USDCHF | USDJPY |
| Resistance Level 5 | $1.3700 | |||
| Resistance Level 4 | $1.3630 | $1.0750 | ||
| Resistance Level 3 | $1.3600 | $1.5550 | $1.0720 | ¥98.000 |
| Resistance Level 2 | $1.3550 | $1.5400 | $1.0680 | ¥95.400 |
| Resistance Level 1 | $1.3500 | $1.5320 | $1.0620 | ¥94.600 |
| Current Price | $1.3494 | $1.5250 | $1.0610 | ¥94.600 |
| Support Level 1 | $1.3400 | $1.5200 | $1.0580 | ¥94.000 |
| Support Level 2 | $1.3280 | $1.5120 | $1.0500 | ¥93.600 |
| Support Level 3 | $1.3250 | $1.5050 | $1.0550 | ¥93.000 |
| Support Level 4 | $1.5000 | $1.0440 | ¥92.000 | |
| Support Level 5 | $1.0370 | ¥91.000 | ||
Free Daily Forex Video April 2, 2010
April 1, 2010 by KumarKaushal
Filed under FREE DAILY FX VIDEO
Here is your free trading video for 2nd April 2010:
With Europe done for the week, we’re looking for an exciting NY trading session as the release of Non-Farm Payrolls will be our last chance to see volatility. The last few days of trading have been filled with risk appetite and we’ve seen the dollar continue giving up ground to the majors. The biggest news release of the last 24 hours was the SNB intervention that gave the euro a run of nearly 350 pips in less than 10 minutes. We were expecting such a move, but weren’t able to catch it ourselves. We still think the CHF will continue strengthening despite SNB’s efforts, just as it had in the past year. Our goal in the next 24 hours is to find an opportunity for a trade during the NFP release.
KEY SUPPORT AND RESISTANCE LEVELS:
| LEVEL | EURUSD | GBPUSD | USDCHF | USDJPY |
| Resistance Level 5 | $1.3800 | |||
| Resistance Level 4 | $1.3750 | $1.0680 | ||
| Resistance Level 3 | $1.3700 | $1.5550 | $1.0620 | |
| Resistance Level 2 | $1.3630 | $1.5400 | $1.0580 | ¥94.600 |
| Resistance Level 1 | $1.3600 | $1.5320 | $1.0550 | ¥94.000 |
| Current Price | $1.3580 | $1.5292 | $1.0540 | ¥93.850 |
| Support Level 1 | $1.3550 | $1.5250 | $1.0500 | ¥96.600 |
| Support Level 2 | $1.3500 | $1.5200 | $1.0440 | ¥93.000 |
| Support Level 3 | $1.3400 | $1.5120 | $1.0370 | ¥92.000 |
| Support Level 4 | $1.3280 | $1.5050 | ¥91.000 | |
| Support Level 5 | $1.3250 | $1.5000 | ¥90.800 | |
Free Daily Forex Video April 1, 2010
March 31, 2010 by KumarKaushal
Filed under FREE DAILY FX VIDEO
Here is your free trading video for 1st April 2010:
Dollar continued to see volatility all over the place, giving up ground to the majors except for the JPY, AUD, and NZD. We continue to take a cautious stance on the market as the lack of correlation between the majors puzzles us. Recent breaks below/above support and resistance levels haven’t been met with a lot of resistance but the lack of follow through is what’s concerning. These large pull backs are most likely retracements, and at this time, we’re looking for confirmation.
KEY SUPPORT AND RESISTANCE LEVELS:
| LEVEL | EURUSD | GBPUSD | USDCHF | USDJPY |
| Resistance Level 5 | ||||
| Resistance Level 4 | $1.3630 | $1.5400 | $1.0800 | |
| Resistance Level 3 | $1.3600 | $1.5250 | $1.0750 | |
| Resistance Level 2 | $1.3550 | $1.5200 | $1.0720 | ¥93.600 |
| Resistance Level 1 | $1.3500 | $1.5120 | $1.0680 | ¥93.000 |
| Current Price | $1.3422 | $1.5070 | $1.0658 | ¥92.820 |
| Support Level 1 | $1.3400 | $1.5050 | $1.0650 | ¥92.000 |
| Support Level 2 | $1.3280 | $1.5000 | $1.0620 | ¥91.000 |
| Support Level 3 | $1.3250 | $1.4780 | $1.0580 | ¥90.800 |
| Support Level 4 | $1.3180 | $1.4600 | $1.0550 | ¥90.500 |
| Support Level 5 | $1.0500 | |||
Free Daily Forex Video March 31, 2010
March 30, 2010 by KumarKaushal
Filed under FREE DAILY FX VIDEO
Here is your free trading video for 31st March 2010:
A bit of consolidation yesterday as markets are gearing up for economic data releases, specifically this Friday’s NFP release. The commodity currencies, specifically the Aussie has done extremely well and is now testing the upper limits; with Retail Sales coming out within just one hour, we’ll be looking for either a continuation higher above .92 or a failure and a move lower behind worse than expected numbers. We should continue to see extreme volatility and are focused on the longer term picture rather than the short term; it’s becoming very dangerous and we are opting out of using stops that are further away than we prefer, hence the lack of direction and the frequency of trades.
KEY SUPPORT AND RESISTANCE LEVELS:
| LEVEL | EURUSD | GBPUSD | USDCHF | USDJPY |
| Resistance Level 5 | ||||
| Resistance Level 4 | $1.3630 | $1.5400 | $1.0800 | |
| Resistance Level 3 | $1.3600 | $1.5250 | $1.0750 | |
| Resistance Level 2 | $1.3550 | $1.5200 | $1.0720 | ¥93.600 |
| Resistance Level 1 | $1.3500 | $1.5120 | $1.0680 | ¥93.000 |
| Current Price | $1.3422 | $1.5070 | $1.0658 | ¥92.820 |
| Support Level 1 | $1.3400 | $1.5050 | $1.0650 | ¥92.000 |
| Support Level 2 | $1.3280 | $1.5000 | $1.0620 | ¥91.000 |
| Support Level 3 | $1.3250 | $1.4780 | $1.0580 | ¥90.800 |
| Support Level 4 | $1.3180 | $1.4600 | $1.0550 | ¥90.500 |
| Support Level 5 | $1.0500 | |||
Free Daily Forex Video March 30, 2010
March 29, 2010 by KumarKaushal
Filed under FREE DAILY FX VIDEO
Here is your free trading video for 30th March 2010:
Markets are puzzled by the lack of follow through from dollar bulls, especially on the commodity pairs, which are seeing a big divergence from the rest of the majors. Sometimes it’s better to sit on the sidelines and not participate in this type of action. We haven’t had a serious trade in almost 2 weeks and just when we want to step in, something out there is telling us to stop and wait. It seems the last few weeks have given us more opportunities during our Live! Trading sessions than the daily setups. The daily setups are warranting stops that are a bit higher than what we’d like to see; that’s expected during such conditions, but we’re going to remain patient and wait for the opportune time.
KEY SUPPORT AND RESISTANCE LEVELS:
| LEVEL | EURUSD | GBPUSD | USDCHF | USDJPY |
| Resistance Level 5 | $1.5250 | |||
| Resistance Level 4 | $1.3630 | $1.5200 | $1.0750 | |
| Resistance Level 3 | $1.3600 | $1.5120 | $1.0720 | |
| Resistance Level 2 | $1.3550 | $1.5050 | $1.0680 | ¥93.600 |
| Resistance Level 1 | $1.3500 | $1.5000 | $1.0650 | ¥93.000 |
| Current Price | $1.3476 | $1.4976 | $1.0625 | ¥92.500 |
| Support Level 1 | $1.3430 | $1.4780 | $1.0620 | ¥92.000 |
| Support Level 2 | $1.3280 | $1.4600 | $1.0580 | ¥91.000 |
| Support Level 3 | $1.3250 | $1.0550 | ¥90.800 | |
| Support Level 4 | $1.3180 | $1.0500 | ¥90.500 | |
| Support Level 5 | ||||
Free Daily Forex Video March 29, 2010
March 28, 2010 by KumarKaushal
Filed under FREE DAILY FX VIDEO
Here is your free trading video for 29th March 2010:
Happy Monday Traders,
Recent volatility remains our number one concern. While providing opportunities, this type of volatility is unwelcome. The current theme remains to be of risk appetite/aversion as bulls and bears continue to fight out for direction. The trend remains in favor of the buck and we are once again looking to enter the market long dollar positions. The dollar weakness we saw on Friday and on today’s open is most likely the retracement from the recent rally. We’re looking forward to trading the NFP live this Friday; looking for further dollar strength throughout the week.
KEY SUPPORT AND RESISTANCE LEVELS:
| LEVEL | EURUSD | GBPUSD | USDCHF | USDJPY |
| Resistance Level 5 | $1.5250 | |||
| Resistance Level 4 | $1.3630 | $1.5200 | $1.0800 | |
| Resistance Level 3 | $1.3600 | $1.5120 | $1.0750 | |
| Resistance Level 2 | $1.3550 | $1.5050 | $1.0720 | ¥93.600 |
| Resistance Level 1 | $1.3500 | $1.4950 | $1.0680 | ¥93.000 |
| Current Price | $1.3460 | $1.4934 | $1.0625 | ¥92.500 |
| Support Level 1 | $1.3430 | $1.4780 | $1.0620 | ¥92.000 |
| Support Level 2 | $1.3280 | $1.4600 | $1.0580 | ¥91.000 |
| Support Level 3 | $1.3250 | $1.0550 | ¥90.800 | |
| Support Level 4 | $1.3180 | $1.0500 | ¥90.500 | |
| Support Level 5 | ||||
Free Daily Forex Video March 26, 2010
March 25, 2010 by KumarKaushal
Filed under FREE DAILY FX VIDEO
The dollar continued with the recent rally even in the wake of better than expected UK Retail Sales. We are looking for a continuation into the next 24 hours, setting up a nice finish to this week’s rally. We still see risk ahead of the weekend as we’re sure to hear more about Greece and the IMF. We are looking for good entry levels to long the buck. With the euro setting a lower daily low, we are now looking at 1.3400 as the main level of resistance, followed by 1.3450. Plenty of important people speaking throughout the day and we will have some data out of the US to help with the price action.
Free Daily Forex Video March 24, 2010
March 23, 2010 by KumarKaushal
Filed under FREE DAILY FX VIDEO
Here is your free trading video for 24th March 2010:
We seem to be stuck in some mud. We continue to talk about the uncertainty of the market, the lack of direction, and the lack of correlation between the majors. The commodity pairs are very stubborn and don’t seem to turn over with the rest of the majors when the dollar strengthens. The EUR/USD will once again be testing 1.3430, currently trading at 1.3475; will a break lower make a larget posting to 1.33 and change or will we see another bounce into the recent range? We are anticipating the buck to continue strengthening but the problem with this is timing. How many times will we bounce before we see a definitive trend? We’ll see what the next 24 hours
bring us.
KEY SUPPORT AND RESISTANCE LEVELS:
| LEVEL | EURUSD | GBPUSD | USDCHF | USDJPY |
| Resistance Level 5 | $1.5400 | $1.0750 | ||
| Resistance Level 4 | $1.3630 | $1.5250 | $1.0720 | |
| Resistance Level 3 | $1.3600 | $1.5200 | $1.0680 | ¥92.000 |
| Resistance Level 2 | $1.3550 | $1.5120 | $1.0650 | ¥91.000 |
| Resistance Level 1 | $1.3500 | $1.5050 | $1.0620 | ¥90.800 |
| Current Price | $1.3480 | $1.5020 | $1.0583 | ¥90.400 |
| Support Level 1 | $1.3460 | $1.4950 | $1.0580 | ¥90.000 |
| Support Level 2 | $1.3430 | $1.4780 | $1.0550 | ¥89.800 |
| Support Level 3 | $1.3280 | $1.4600 | $1.0500 | ¥89.500 |
| Support Level 4 | $1.3250 | $1.0440 | ¥89.000 | |
| Support Level 5 | $1.0370 | ¥88.500 | ||
Free Daily Forex Video March 23, 2010
March 22, 2010 by KumarKaushal
Filed under FREE DAILY FX VIDEO
Here is your free trading video for 23rd March 2010:
Following another drop below 1.3500 for the EUR/USD, the market found a bottom at 1.3460 before bouncing back 100 pips to close the day at 1.3660. We’ve been expecting a retracement but wanted to see 1.3500 hold. Still not a good picture of what’s happening. We are still not certain about Greece and their outcome, as well as how the US healthcare bill will affect the dollar. Still very little correlation between some of the majors so we are going to look at the market with caution.
KEY SUPPORT AND RESISTANCE LEVELS:
| LEVEL | EURUSD | GBPUSD | USDCHF | USDJPY |
| Resistance Level 5 | $1.0750 | |||
| Resistance Level 4 | $1.3750 | $1.5550 | $1.0720 | |
| Resistance Level 3 | $1.3700 | $1.5400 | $1.0680 | ¥92.000 |
| Resistance Level 2 | $1.3630 | $1.5250 | $1.0650 | ¥91.000 |
| Resistance Level 1 | $1.3600 | $1.5200 | $1.0620 | ¥90.800 |
| Current Price | $1.3557 | $1.5100 | $1.0580 | ¥90.280 |
| Support Level 1 | $1.3550 | $1.5050 | $1.0580 | ¥90.000 |
| Support Level 2 | $1.3500 | $1.4950 | $1.0550 | ¥89.800 |
| Support Level 3 | $1.3430 | $1.4780 | $1.0500 | ¥89.500 |
| Support Level 4 | $1.3280 | $1.4600 | $1.0440 | ¥89.000 |
| Support Level 5 | $1.3200 | $1.0370 | ¥88.500 | |
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