http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-10-21.htmlEUR/USD seems to have got into a medium term sideways range between 1.3900 and 1.3600 level and this seems to give the medium term, short term and Intra-day traders some very good trading opportunities with some decent profit targets. Although the long term trend still is there so the long term traders and other traders will be looking to mostly sell EUR/USD so that whenever the EUR/USD resumes long term downwards trend, it can provider them some extended profits especially a trailing stop isFri, 21 Oct 2011 11:01:39 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-10-21.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-10-20.htmlUSD/JPY is moving a tight sideways trend which is giving short term traders some good traders but still USD/JPY is looking to break into a long term dip. The long term trader might not be focusing too much at USD/JPY at the moment but still there might be some looking to sell USD/JPY around some reasonable levels and hope it will resume its long term downwards trend sooner or later. Currently one level can be seen around 77.00 level and above that we can see 77.45 as the next potential levelThu, 20 Oct 2011 00:42:16 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-10-20.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-10-07.htmlGBP/USD seems to be setting itself up for a nice dip in the long term trend towards 1.5300 level which can be further extended towards 1.5200 level. The traders will mainly be looking to sell GBP/USD on rise to take retracement. Currently the first retracement level for entry can be seen at 1.5460 level and both intra-day and aggressive traders will look to sell GBP/USD around that level. If GBP/USD breaks above the 1.5460 level, then the next level that will come into consideration to sellFri, 07 Oct 2011 02:53:11 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-10-07.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-08-23.htmlGbpusd is currently trading just above its 4hr range resistance line at 1.6460. This level is important also because of the fact that additional support is offered by daily highs that were breached at that level. As is indicated in the charts below though, resistance is just ahead at the underside of the 4-hour trendline at 1.6505, and further, at daily trendline and horizontal resistance line at 1.6530s. The levels mentioned above are important in determining further direction going forward.Tue, 23 Aug 2011 10:49:01 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-08-23.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-08-08.htmlThe recent downgrade of the US is sure to have ripple effects in the market, and the Usdcad, which is trading at a critical level, is a good candidate to measure just how consequential its effects will be. Last week saw a rally off weekly .9440 low and trendline support. This is potentially a significant development, as double bottoms are usually a strong reversal signal.   A look at the daily chart reveals a key resistance at .9800 down trendline, which is just below .9920 horizontalMon, 08 Aug 2011 08:23:04 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-08-08.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-07-10.htmlWe could get into a TON of fundamentals with this pair considering all of the economic calamities that both the Euro Zone and the US are constantly going through. Those economic struggles are what makes this pair rather difficult to predict, but it also makes it rather fun to trade. So instead of giving you six thousand statistics on interest rates, bailouts, and unemployment numbers; let’s take a look at price action and let it be our guide. Here is the Daily Chart of the EUR/USD: click toSun, 10 Jul 2011 16:15:09 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-07-10.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-07-07.htmlSince bouncing from the weekly down trendline, 1.4570 has proven to be a tough resistance as it tried, and failed to breach the daily .618% fibonnacci retracement level of the 1.4940-1.3969 down swing on the daily timeframe. Currently, the .50% level is being tested, just above previous resistance and also just below the 4hr trendline. This trendline has little influence, and simply stands between the significant levels on the daily chart. As a result, although breached to the downside,Thu, 07 Jul 2011 01:59:39 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-07-07.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-06-05.htmlFollowing up on last week’s article on the Eurusd currency pair, we saw a monthly breach and retest of the long-term trendline. The retest and subsequent bounce suggests the completion of a new ‘C’ retracement at the .382 fibonnacci level. Having only put in such a shallow retracement, I am expecting a fast and aggressive run to higher levels. The underside of breached channel support line on the daily chart represents immediate resistance at the 1.4700 level. A breach of this line andSun, 05 Jun 2011 12:53:57 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-06-05.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-05-27.htmlThe Eurusd is currently retesting the previously broken neckline on the daily chart, which also converges with the underside of the down trendline on the weekly. In most cases this would have been a straight-forward setup for a short trade. However, this is not true in this situation, as the bullish candle which breached the trendline could be getting retested for a push higher. As a result there are conflicting signals and the fact that they appear on the leading timeframes poses difficultiesFri, 27 May 2011 17:18:45 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-05-27.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-05-10.htmlThe Euro/Jpy has had a massive drop in the past week and is now approaching a power support  area at 115.00. The negative sentiment in the euro is very strong right now and with this change in thinking for traders it could very well push right through the strong support level. So that means that I will be watching that level closely and you should watch that level as well because the price will make a sharp move from that area which we can profit from. Daily Chart Now what I am going toTue, 10 May 2011 02:48:51 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-05-10.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-05-06.htmlEurusd is currently sitting atop a broken channel resistance line on the daily chart. However, having failed to breach 1.4900, settled in a 100-piphorizontal range with the base at the 1.4760 daily support. Yesterday, an attempt was made to breach the range resistance, but the strong one hour close above the range support, was followed by an equally strong bearish bar that brought it right back inside the range. The major resistance above at 1.5100 remains a  coveted target for the bulls.Fri, 06 May 2011 05:21:33 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-05-06.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-04-15.htmlThe Nzdusd is not a pair that I trade much, however, it certainly deserve some attention for its recent performance. The monthly chart below presents an image that reminds me of a very similar setup on cable’s weekly timeframe. In breaching 1.6000, the Gbpusd invalidated what could have been the right shoulder of a head and shoulders reversal pattern. In the case of Nzdusd, the long-term up trendline was breached and retested. There was some pullback, but instead of following through with aFri, 15 Apr 2011 18:24:01 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-04-15.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-04-06.htmlThe Jpy pairs have come a long way since the incredible drop that took place weeks ago, following the Japan disaster. The Usdjpy in particular breached significant resistance to close above the pennant range resistance line on the weekly chart at the 86.60 level. In my opinion, there is now real potential for significant follow-through from here. I will be watching for retracements towards the broken resistance at 83.60 for a long entry. 82.80 also represent mid-range support that could alsoWed, 06 Apr 2011 06:28:47 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-04-06.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-04-02.htmlThe first thing we must acknowledge with this pair is that we are in a stong uptrend and also that the dollar is in trouble.  I will be including some charts with the Dollar index to help us get a better idea of the big picture. Dollar Index The reason I say the dollar is in trouble is because the dollar index tried to rebound on Thursday and Friday and we had a failed rebound.  Some people were beginning to get optimistic on the Dollar and some positive articles wereSat, 02 Apr 2011 03:16:15 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-04-02.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-03-29.htmlIt is still early to say that Gbpusd weekly support at 1.5990 is breached. However, signs of increased weakness are becoming evident. For instance, a look at the 4hr chart will reveal a strong bearish close below 1.5990 for the first time since the weekly right shoulder was breached back in early February. We are now seeing a tentative retest of this broken support on the 4hr timeframe. 1.6000 (4-hour tweezer tops), and 1.6060 (broken support line on daily) have now become major levels thatTue, 29 Mar 2011 16:28:39 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-03-29.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-03-22.htmlGbpchf fell to 1.4220 weekly support, thereby completing a daily head and shoulders pattern. The 1.4220 level is of significance, as it represents support from a weekly trading channel that forms when the major support points at 1.7594 and 1.5118 are connected (marked in with red line on wkly chart below). Although the weekly chart now bears a long wick, there was a partial close of last week’s bearish candle below this channel support. A move back up to that area will bring it back intoTue, 22 Mar 2011 03:11:32 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-03-22.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-03-09.v02.htmlCable has acted greatly to the four hour rhythm which I mentioned three weeks ago in the weekly report. Yesterday we had a long signal on GBPUSD from 1.6148 and now we are currently +90pips in profit. Let’s see the H4 chart: We can see the behaviour of the price with 200EMA/High and again it bounced off this moving average with so many shadows around it. Also we have got a channel in that timeframe and it would be good to pay attention on 1.6300 and upper bond of the channel for our profitWed, 09 Mar 2011 13:06:03 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-03-09.v02.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-03-09.htmlThe Audusd currency pair has been ranging inside a daily pennant for several weeks. The chart below also shows some mid-range support at parity level (1.0000) Based on my usual method of trading pennants, I require the triangle to narrow down towards the tip of the range, where a resulting breakout would be higher- probability, with less chance of being a fake breakout. I will also look at the alternative. Due to the choppiness of the smaller timeframes, I have decided to concentrate on theWed, 09 Mar 2011 02:43:40 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-03-09.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-03-08.html1.0070ish has acted as a great S/R level recently and if you have a look at the H4 chart of AUDUSD you will see this level is very important now. After a sharp decline today from 1.0187, price tested 1.0090 and formed a nice hammer on the hourly chart: Let’s have a short analysis on USD Index chart. Price is already in the daily support zone between 75.60 and 76.30 which you can see in the chart below: If we have a look at the hourly chart, we can see price has bounced off this support areaTue, 08 Mar 2011 03:32:23 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-03-08.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-03-01.htmlGbpusd has been able to maintain the bullish momentum that resulted from a test of, and bounce off its daily support line at the 1.6070 area. This momentum pushed it to 1.6328,  thereby exceeding the previous weekly high at 1.6299. Of importance is the fact that the weekly trendline is being tested at current level (1.6300…see chart below). This resistance can, in no way be considered minor, however, I am extremely reluctant to consider shorts in spite of the resistance. I favour buyingTue, 01 Mar 2011 16:35:58 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-03-01.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-25.htmlEurjpy is once again backing away from a critical resistance level at 114.00. This seemingly impenetrable resistance is the result of a support that was breached on the weekly chart. As we know, once a support level is breached, it turns into resistance when retested. This area is labeled on the chart below. The weekly chart also boasts a prominent set of double bottoms, and, based on my experience, this is a powerful reversal pattern. Since we were at resistance, I took the opportunity toFri, 25 Feb 2011 13:44:24 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-25.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-18.v02.htmlEurusd is currently trading in a 70-pip range between the new down sloping trendline on the 4hr, and the daily neckline resistance that was breached on close of yesterday’s bullish bar. Since having pushed down to 1.3420 for a retest of the broken range resistance on the daily, it appears that the move might have been just that…a retest. In terms of direction from here, I am watching the 4hr down trendline for clues. If it price closes strongly above the line, in the 1.3640 region, the bias,Fri, 18 Feb 2011 13:51:12 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-18.v02.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-18.htmlIn the four hour chart after launching off 1.6072, price moved down sharply and reached 1.5760 and then it started to correct some of this bearish move. We can see lower highs in this timeframe that is showing that trend is still bearish. Here we have got a good hourly trendline: And there is also a Bearish Bat formation: So short positions here is good below the hourly shelf at 1.5912 and stop losses should be above that hourly trendline or above the previous high at around 1.5980. If hourlyFri, 18 Feb 2011 01:09:36 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-18.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-17.v02.htmlEurgbp has been ranging in a monthly pennant for several months now. The chart below shows a strong support line, as well as an outer resistance line and an inner one that formed as the characteristic narrowing effect intensified. Resistance from the inner line is seen at around .8500, with the longer-term resistance at .8700s. On Tuesday, price moved back towards the pennant support at .8350s, and bounced as though on cue before pulling back to a broken trendline on the hourly chart. At thisThu, 17 Feb 2011 15:58:36 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-17.v02.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-17.htmlAfter breaking the upper bond of the daily triangle I mentioned two weeks ago now price is moving beyond 83.00 level. As you can see in the chart below we have got an hourly trendline which has held the price nicely: Blue moving average is 50EMA applied to low and it shows that price has got a rhythm with it in the hourly timeframe. 84.30-84.50 is a great resistant level which I expect price will reach it soon. Break above this level would be a great signal of going long and upside pressureThu, 17 Feb 2011 15:56:08 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-17.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-16.htmlThe Eur/Usd is currently testing the downward trendline at the 1.3500 price area. If this area breaks we could see a target and support area of 1.3425/1.3400 area. If the price bounces off of the trend line to the upside we could see the price go to the 1.3600/13650 area. There is going to be some important housing data being released today that may help determine which way this trend is going to continue.Wed, 16 Feb 2011 14:56:57 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-16.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-15.htmlAfter breaking an important H4 trendline, bulls appeared heavily and pushed the price to reach higher at around 0.9770. Now according to my rhythmic price action method and an hourly trendline I expect price might start to resume its bullish trend. Currently an hourly trendline has held the price: H4 bars have got a rhythm with 20EMA applied to close: Long Opportunity: Wait for a bounce off the 20EMA and hourly trendline, price could break 0.9770 resistant level and go further up and reachTue, 15 Feb 2011 01:45:43 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-15.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-14.htmlGbpusd is currently trading just above the up sloping daily trendline at 1.5990s after having been rejected at test of 1.6270s resistance . Although my outlook on the pair is bearish, the trendline has to be considered as support until it is breached. Should the daily trendline hold, we should see a retest of the resistance line, and price would, in effect be ranging inside a triangle resulting from these two lines. We would then need to watch out for the eventual breakout that would takeMon, 14 Feb 2011 13:15:16 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-14.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-10.v02.htmlCable is still struggling at 1.6000 level and it seems that this level is acting as a strong support area now. There is a possible H4 channel and price is near to the beneath bond now indicating it could start to resume its bullish trend after touching it. Also there is short-term down-sloping trendline and we can see it better on the hourly chart: So in order to go short it’s better to wait for a break below the beneath bond of the channel which will confirm a breakout of 1.6000 support levelThu, 10 Feb 2011 13:48:12 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-10.v02.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-10.htmlAt first glance, the Gbpjpy chart appears to be a choppy mess. However, a closer look will show that the pair has gradually been making higher lows, with 133.00 resistance holding for the most part, as spikes into that region result in pull-backs. The higher lows being made is of significance because this is often a first clue that points to a breakout. Since closing outside of the weekly down trendline into the buy zone, a further channel has been in play (see lines drawn in pink on chartThu, 10 Feb 2011 12:43:35 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-10.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-09.v02.htmlUSDCHF has completely closed above its daily trendline and after 5 consecutive daily bullish candles it’s likely to form another one today. Breaking that trendline with huge order flows has confirmed that overall trend has reversed. Now if you want to board on the bust to the north just have a look at the hourly rhythm of this pair with 40EMA: As you can see in the blue square we have got a false move in our rhythm and price went below 40EMA around 30pips and then jumped back above. So theWed, 09 Feb 2011 16:10:03 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-09.v02.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-09.htmlAfter rejection from the daily trendline I mentioned before now it seems that price is correcting some of its bearish moves and an hourly trendline has held the price nicely. Now until the price is below 112.90 I expect this bullish move is a retracement. You can see it in the H4 chart below: So that would be a good short signal if an hourly candle closed below this trendline and if price went above 112.90 then a new bullish trend will be established as well.Wed, 09 Feb 2011 02:05:42 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-09.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-08.htmlPrice sharply plunged after Chinese rate hike today but it rejected from 1.0110-1.0120 shadow zone. I like these areas as they show us there is a great rhythm in the price action and we can find great support/resistant areas based on this method of trading. In order to trade based on this shadow zone, we have got two possibilities: If an H4 candle closed below that zone we can go short and also if price bounced off this area then we can go long. Current H4 candle is going to form another niceTue, 08 Feb 2011 14:07:32 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-08.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-07.v02.htmlEURJPY price action is really simple to read these days as it’s forming lower highs and lower lows in a downtrend after launching off its important daily trendline I mentioned before. You can see these lower highs and lows in the four hour chart and I took a short based on the bouncing off the previous high as I said in my weekly report. As you can see H4 200EMA has held the price nicely and the best way to go short would be a break below this moving average and also previous low at 111.80. AndMon, 07 Feb 2011 16:18:21 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-07.v02.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-07.htmlEuraud appears to be setting up a bullish reversal after having closed last month with an engulfing bullish bar which found resistance below a shelf of past support at 1.3800s. The daily chart below shows the daily trendline retested at 1.3300, and the subsequent bullish pinbar just above the trendline. Price is currently hovering at the 50% fibonnacci retracement level. I initiated a long trade based on this support, and would like to see some follow-through price action. 1.3600 is likely toMon, 07 Feb 2011 12:29:54 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-07.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-04.htmlUsdcad has started showing some bottoming action after having fallen back to .9860 lows from the down-sloping trendline on the daily chart. If this support holds, there is potential for double- bottoms on the daily. In the meantime, I am on the look-out for a 4-hour reversal bar to signal a long towards .9940 broken support on the 4hr chart, and then the daily trendline at .9990. Once there, the shelf of support that was breached to the downside will also offer resistance, so it is a criticalFri, 04 Feb 2011 02:14:11 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-04.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-02.v02.htmlI mentioned a daily triangle in this pair a week ago and now price is going up and down at the beneath bond of this triangle which is around 81.30 price level. Now let’s zoom into the H4 chart as we have got a Bullish Bat formation there: And the best entry point for going long would be a break above the hourly trendline which can be seen in the figure below: USD Weakness is really clear to everybody so keep it tight and if price went below the beneath bond of the triangle then 81.00 and 80.23Wed, 02 Feb 2011 14:34:38 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-02.v02.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-02.htmlAfter rejection from 0.8650 resistant level price went down and reached near 0.8500 round level. Building lower highs and lower lows in shorter timeframes could be an indication of more falls as Cable is pretty strong these days. Rejection from 0.8650 can be found clearly in the chart above and this could be a double top pattern as well. In the hourly chart we can see that there is a trendline in conjunction with 61.8 Fibonacci retracement of last huge bearish move in this pair. Adding 200smaWed, 02 Feb 2011 01:36:10 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-02-02.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-01-31.htmlSwissie is in the ping pong zone after bouncing off 78.6% Fibonacci retracement level. This range zone is between 0.9400 and 0.9470 and price went up and down so many times in this rectangle. You can see the range zone in the four hour chart below: I like long tails to the downside and below 0.9400 price level. So after a close above 0.9770 level we can go long and this would be a good swing trade with targets at 0.9800 and 1.0000.Mon, 31 Jan 2011 12:13:55 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-01-31.htmlhttp://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-01-28.htmlWe had got a good long signal on this pair three days ago with 100pips profit as Euro strength and Aussie weakness is clear to the market participants these days. A daily trendline resides around 1.3900 round level and price is near to reach it. Also if you see the chart below you will see that price level has acted as a resistant before. It also serves to note that we have  got a bearish butterfly on the hourly chart and the PRZ zone is extended to 1.3900 too. The only confirmation forFri, 28 Jan 2011 01:41:49 GMThttp://www.fxstreet.com/technical/forex-forecasts/caseystubbs@winnersedgetrading.com (Winners Edge Trading)http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2011-01-28.html