Introduction To Daily FX Profit Signals

Please watch this video to fully understand the Daily FX Profit Signals. 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 FX Profit Signal videos!

Regards,

Kumar Kaushal

Daily FX Profit Signal April 2nd, 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.

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Daily FX Profit Signal April 1st, 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.
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Daily FX Profit Signal March 31st, 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.
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Daily FX Profit Signal March 30th, 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.
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Daily FX Profit Signal March 29th, 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.
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Daily FX Profit Signal March 24th, 2010

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

Daily FX Profit Signal March 24th, 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.
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Daily FX Profit Signal March 23rd, 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.
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Daily FX Profit Signal March 22nd, 2010

A big move towards the end of last week is now signaling a reversal in the EUR/USD pair and a drop below 1.3500 will open another test of 1.3430. If that level is broken we will look forward to a continued move to 1.30 and then 1.25 over the next few months. Unfortunately, we expected the retracement to move much higher than the 1.3800 level, but at this point, we have to keep our eyes on the move lower. We are looking for consolidation on Monday and Tuesday before another big break lower occurs. There is quite a bit of news spread out throughout the week so we’ll be looking for a trigger for the next move in favor of the dollar.
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Daily FX Profit Signal March 17th, 2010

Another interesting day as the market continues to offer uncertainty. There isn’t much correlation between some of the majors and this is keeping us cautious. We’re seeing the commodity currencies continue to rally along with the sterling, but the USD/CHF and EUR/USD are lagging behind. We must be vigilant as any news can quickly spark the market to go in a different direction. The EUR/USD is on a very clear path to further uncertainty and volatility as the EU continues to go back and forth with the future of Greece’s bailout as well as future plans on how to handle those types of situations. As of now, the outlook for the EU continues to cloud any
direction for the EUR/USD. 
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