Hello everyone.

The EUR/USD bounced back up from hitting a low of 1.2817 on the EUR/USD and has settled around the 38.2 Fibonacci level of the shorter-term down trend.

If you’ve looked at the EUR/USD Daily chart recently, you may have noticed a nice pattern forming. The graph shows our count of the movement. But, if this count is indeed correct, are we done with Wave 4? The yellow shaded box is broken down in our next chart in an hourly time frame.

We then focus in on the highlighted region and look at it more closely.

Here we have labelled potential break points. Because of the US Thanksgiving holiday, watch for low volume and potential erratic movements.

From everyone at Pro Pipper Trading, we’d like to wish everyone in the US a happy and safe Thanksgiving holiday. We’ll be back with our first outlook on the weeks ahead and the next US employment data.

Hello everyone.

Let’s go back to some basics with our friend - trendlines. Let’s take a look at the hourly chart on the USD/JPY.

Although you can’t see it, we had a triangle forming and you saw that once it broke the bottom triangle trendline, it went down, came back up to almost the same level and then dropped.

Now, we are approaching another area of indecision. We’ll watch this pair as it approaches the trendline in the yellow shaded area.

The pair may go up to the trendline and keep going, it may hit the trend line and reverse back down or it may not hit the line at all. This gives us a potential area where the currency may hit so we know what to potentially watch for.

Remember, when you are trading to always apply your own money management and risk vs. reward ratios.

Heading into a short week for the U.S. markets due to the Thanksgiving holiday, there will be less volume and you may witness more volatile movements.

Good luck and if we want to wish everyone a happy and safe weekend.

Hello.

Today will be a busy day as we have the CoE, CPI and FOMC Minutes coming out.

Let’s take a look at the EUR/USD. As you can see, the pair has been pretty stagnant right before the opening hours of the European session.

We drew in a couple trend lines and we will wait and see what unfolds from the day’s trading and the reports coming out later on today.

Initially, it shows that the EUR/USD will potentially  continue its downtrend, however, we’ll need to wait and see what unfolds. A strong break of either line may indicate a short-term breakout.

Good luck and remember to use your own money management and Risk vs. Reward ratio when placing any trade.

If you’d like more detailed analysis on the reports coming out, be sure to visit FXStreet.com.

Hello everyone.

Let’s take a look at the EUR/AUD. As you can see, we drew a Fibo line for the larger trend high from October 27. As you can see, the pair tested the 50% Fibo line numerous times, giving indcations the bears may be gaining some steam back.

It is also our opinion that the November 12 high was the completion of a Wave 2, meaning a 3 wave movement down on the EUR/AUD.

Look for a potential downturn from the current market position. If the pair breaks the 50% Fibo barrier moving up, then look for the next Fibo line.

Good luck with your trading and alwys be sure to apply your own money management to each and every trade you may potentially trade.

Hello. We hope everyone had a nice and restfull weekend.

This is our wave count for the USD/CAD. As you can see, our count shows we are on the 3rd wave of a Zig Zag (ZZ) movement down. We completed the first wave (of the ZZ Wave 3) as denoted by the “1″. After that, we saw the pair go back up to the 61.8 Fibonacci level from the high at Wave 2 and the low of Wave 1.

Have we completed Wave 2?

Right now, we’re in a watch zone. If the pair breaks the top of the highlighted box, we potentially look for a buy. If the pair breaks the bottom of the box (equal to the low of Wave 1), then we potentially look for a sell.

Remember to always consider your own personal risk and apply your money management techniques when trading.

Good luck and we’ll see everyone shortly.

Hello everyone! It’s great to see everyone again!

Let’s ease back into the swing of things and take a look at the GBP/JPY - 30 minute chart.

Just a  a little shorter time frame then what we’re used to dealing with but it’ll be fine. As you can see from our drawing, we have a strong barrier. Our analysis actually shows the pair potentially testing this barrier again. If it breaks the barrier and closes well above the line, then look for an increased move up.

Be sure to always use your money managemnt techniques when trading and we’ll see everyone again shortly.