Greetings.

It’s already our 2nd NFP for 2011 and time is just flying by.

As always, here are the numbers for the Non-Farm Payroll announcements for the EUR/USD.

Depending on the actuals that come out, look for these potential price levels:

EUR/USD
Upside: 1.3711
Downside: 1.3551

Good luck with trading - remember, if you’re in profit be sure to protect some profit.

Also, I have been nominated in the 1st Annual FX Street Awards for Best Blogger. Voting will take place shortly so please be sure to vote for me.

Have a nice weekend.

Hello.

Let’s take a look at the shorter term GBP/USD hourly chart.

Look for a cautious continuation of the uptrend to potentially the 1.6250 area and above.

With Non-Farm Payroll coming up in a couple days we may see some whip saws so be sure to protect your profits.

Good luck and don’t forget the C2FX Forex Trade Sheet is now offering a one month subscription to test drive our trade sheet for only $150. This special subscription is for the first 100 traders only. Your one month subscription will apply towards your annual subscription price so you only pay the difference.

Also, while we’re running our one month subscription, those who want to take their trading to the next level will receive 1 FREE month on our yearly subscription.

For more information, log onto www.c2fx.com or email ross@c2fx.com.

Greetings.

Let’s take a look at another one of our favorites - the NZD/JPY. We haven’t touched on this pair in a while but we’ve been in a sideways channel since early 2010.

When we see a sideways channel like this, it appears to be potentially forming a loose Contracting Triangle and once complete, will potentially continue the previous bullish trend.

Also, the longer it channels, the bigger the breakout will be most likely be.

This is also a time for people that like to trade sideways channels to apply their methodologies and techniques of trading them.

Also, don’t forget the C2FX Forex Trade Sheet is now offering a one month subscription to test drive our trade sheet for only $150. This special subscription is for the first 100 traders only. Your one month subscription will apply towards your annual subscription price so you only pay the difference.

Also, while we’re running our one month subscription, those who want to take their trading to the next level will receive 1 FREE month on our yearly subscription.

For more information, log onto www.c2fx.com or email ross@c2fx.com.

Greetings.

We had a request for the EUR/USD as we have seen some major moves recently.

It seems the bullish sentiment we saw earlier this month may potentially lead to a 3 wave correction.

Look for a little more continuation down - watch your Fibonacci levels. Depending on how you lay your Fibonacci lines, we’re right around the 38.2% retracement. Watch for the 50% and 61.8% levels.

After it completes, look for another potential move back up - potentially to the 1.3550 - 1.3600 area and above.

For any trader, hedge fund, developer, programmer or IT personnel who is interested in learning about Fix Protocol, there will be a 1 day training course on May 12, 2011 in Las Vegas, NV. You also get $50 off your registration if you mention “ROSS”. There is a minimum amount of attendees required to hold this seminar so please pass it on to your colleagues.

Here is a link to the event:  http://guest.cvent.com/d/9dqt7k

Hello everyone.

We hope everyone had a great holidays and new year. It’s hard to imagine here we are in a new year and it seems like only a little while ago we were writing our first post in 2010.

A lot has happened in the past month and it took us some time to digest it all and get back on track.

Let’s take a look at the GBP/USD hourly chart. It seems there is more potential downward pressure to come - potentially to the 1.5300 area.

We may see a move up to test the trend line and don’t be surprised if it pierces the trend line as well - but watch for the break and break away, which could signal more upward movement.

It’s nice to see everyone again and we look forward to happy, safe and profitable 2011 with all of you.

Greetings.

The EUR/JPY has been playing out over the past month or so and it seems we’re in for a breakout in the near feature.

The overall sentiment seems to be bullish and once we start breaking to the upside, look for the pair to potentially continue strongly to the upside.

Look for a longer term price point of 117.00 and above.

We may see a slight move down to test the bottom trend line but look for potential move to the upside. Use the upper trend line as resistance and once the pair breaks above it, look for that line as potential support.

Also, Don’t forget that Pro Pipper Trading is offering a $50 discount for the C2FX Forex Trade Sheet. This year (2010), our trade sheet is up more than 15,150 pips in long term trades and 1,300 pips in short term (or posted trades). We also have an educated scalping method we call Quick Trading. To get the discount or if you have any questions, please email tradesheet@propipper.com and put ‘Trade Sheet’ in the Subject Line.

Greetings.

Throwing everyone a curve ball today and posting before the New York open.

Let’s update everyone on the EUR/USD.

The bearish sentiment will potentially remain in place and look for a potential break towards the downside shortly within the next couple of days.

In the longer term, the pair may have enough steam to hit the 1.2800 area and below. If you’re already short this pair, be sure to lock in some profit as the currency pair moves in your favor.

Good luck and happy trading.

Greetings.

Let’s take a look at the GBP/USD.

The underlying trend does appear to be up (both shorter and longer term) so look for more potential upward movement.

Our last upward movement pierced the 50% Fibonacci level of the previous downtrend and with the sentiment remaining bullish, our analysis is showing a potential price target of 1.6000 area, which is very close to the 61.8% Fibonacci line so look for a potential price target in that area.

Also, don’t forget that Pro Pipper Trading is offering a $50 discount for the C2FX Forex Trade Sheet. This year (2010), our trade sheet is up more than 15,150 pips in long term trades and 1,300 pips in short term (or posted trades). We also have an educated scalping method we call Quick Trading. To get the discount or if you have any questions, please email tradesheet@propipper.com and put
‘Trade Sheet’ in the Subject Line.

Greetings. We hope everyone did well for NFP.

Let’s take a look at the crowd favorite - the EUR/USD hourly chart.

It seems the low from late November is holding and we’re going to see a 3 wave correction back up.

It’s still a little too early to tell if we’re in a Zig Zag (ZZ) or a Flat (FL) retracement. The key difference between the two formations is the retracement level of Wave 2.

Look for a retracement back down for a Wave 2 and then back up to complete Wave 3.

Don’t forget that Pro Pipper Trading is offering a $50 discount for the C2FX Forex Trade Sheet. This year (2010), our trade sheet is up more than 15,150 pips in long term trades and 1,300 pips in short term (or posted trades). We also have an educated scalping method we call Quick Trading. To get the discount or if you have any questions, please email tradesheet@propipper.com and put ‘Trade Sheet’ in the Subject Line.

Hello and welcome back to another NFP - the last of the year. I remember writing the first NFP of 2010 and time has just flown by.

Looking at the EUR/USD, technically, it appears we still may see some more bullish movement as we’re just on the 23.6% retracement level from the previous move up.

Here are your NFP numbers to potentially watch for, depending on how traders react to the announcement:

Up: 1.3337
Down: 1.3141

We hope you have a great NFP trading day and to use caution when trading this announcement.

Good luck.