Posts by Charles_Clifton

EURJPY Hits +200 Pip Profit: NZDJPY Long Idea https://www.charlesclifton.co.uk/daily-forex-price-action-nzdjpy-15-11-23/ Wed 15th November 2023 : Daily Forex Price Action Today we’re looking at Trading Setups in: NZDJPY (Primary Focus Pair) NZDCAD (Covered In Video) EURJPY (Covered In Video) We have Hit targets and taken profits on our EURNZD and EURJPY trades for a combined 4.9R or +338 Pips. Today we focus on NZDJPY as NZD rises to the top of our live forex strength vs weakness tables as the strongest currency.  JPY remains weak and highlights NZDJPY as a currency pair to watch for long ideas. Price of NZDJPY on the Daily (D1) chart has breached previous D1 highs at 90.20. Continued >>>

EURCAD Hits Targets : EURJPY Still In Focus https://www.charlesclifton.co.uk/daily-forex-price-action-eurjpy-09-11-23/ Thurs 9th November 2023 : Daily Forex Price Action Today we’re looking at Trading Setups in: EURJPY (Primary Focus Pair) EURCAD (Covered In Video) GBPJPY (Covered In Video) We featured EURJPY in yesterday's video and identified a long idea that formed after the price traded above the H1 50MA - That position is +57 Pips in profit at time of writing this post.  EUR is S1 on our live forex strength vs weakness tables, JPY is W1 on the trend traders table.  A long position we posted yesterday is still open, but there may be opportunities to add into the trend.  Continued >>>

AUDCHF Forms Bullish Trading Opportunity https://www.charlesclifton.co.uk/daily-forex-price-action-31-10-23/ Tues 31st October 2023 : Daily Forex Strength Analysis Today we’re looking at Trading Setups in: AUDCHF (Primary Focus Pair) EURCHF (Covered In Video) EURCAD (Covered In Video) Our live forex strength and weakness tables highlight AUD as a strong currency and CHF as weak. The day traders table shows AUD as S2 and CHF as W1.  Looking at AUDCHF weekly (W1) chart, we can see price recently formed a double bottom at key support of 0.5625. We also noticed on the W1 stochastic indicator that it formed a higher low compared to price which formed a lower low. This is classed as bullish divergence. Continued >>>

GBPAUD Hits Lows : Could GBPUSD Remain Bearish ? Mon 30th October 2023 : Daily Forex Price Action Today we’re looking at Trading Setups in: GBPUSD (Primary Focus Pair) GBPAUD (Covered In Video) AUDCHF (Covered In Video) GBPUSD has been highlighted by our live forex strength vs weakness tables for a short opportunity as USD is S3 and GBP is W3 on both tables. When the currencies are positioned here we need to make sure the technical analysis aligns with the tables bias. GBPUSD is in a strong downward trend on the Daily chart.  Price of GBPUSD has remained below a Daily (D1) chart trend line which was formed at the high on 17th July 23. Continued >>>

GBPUSD & NZDCHF In Profit : NZDUSD To Trade Lower https://www.charlesclifton.co.uk/daily-forex-price-action-19-10-23/ Thurs 19th October 2023 : Daily Forex Price Action Today we’re looking at Trading Setups in: NZDUSD (Primary Focus Pair) NZDCHF (Covered In Video) GBPUSD (Covered In Video) NZD remains the weakest currency on both our trend traders and day traders tables. We recently shorted NZDCHF and price has continued lower heading towards our targets. This has been helped by NZDUSD price breaking through a range low, seen on the daily (D1)  chart, between the levels of 0.5875 lows and 0.6050 highs.  Continued >>>

Don’t Trade GBPAUD Until You See This ! https://www.charlesclifton.co.uk/daily-forex-price-action-18-10-23/ Wed 18th October 2023 : Daily Forex Strength Analysis Today we’re looking at Trading Setups in: GBPAUD (Primary Focus Pair) NZDCHF (Covered In Video) GBPUSD (Covered In Video) Our live forex strength vs weakness tables continue to show GBP as a weaker currency. AUD has come onto the day traders table as the second strongest currency. This means GBPAUD could continue to trend lower. On the D1 chart price has traded through key trend line support which originates from the lows on Friday 29th September. Price breaching this trend line to the down side shows the momentum is with the sellers. Continued >>>

GBPUSD Sellers Could Target Key Swing Lows https://www.charlesclifton.co.uk/daily-forex-price-action-16-10-23/ Daily Forex Price Action : Mon 16th October 2023 Today we’re looking at Trading Setups in: GBPUSD (Primary Focus Pair) AUDUSD (Covered In Video) AUDCHF (Covered In Video) Cable (GBPUSD) is in focus for us today after the market reversed its bullish sentiment from last week. Last week’s close was bearish below the key Weekly (W1) resistance of 1.2325. This could see sellers target the key Weekly (W1) swing lows at 1.2050. GBP is W2 on our trend traders table and USD is S2. On the slate throughout today we do have speeches from Bank of England members which will impact the price of cable today, so we could trade this at a reduced risk. Continued >>>

CHF Currently S1 On Our Live Forex Tables https://www.charlesclifton.co.uk/daily-forex-price-action-usdchf-12-10-23/ Thurs 12th October 2023 : Daily Forex Price Action Today we’re looking at Trading Setups in: USDCHF (Primary Focus Pair) EURAUD (Covered In Video) GBPUSD (Covered In Video) The Swiss Franc (CHF) is the strongest currency on both of our live forex strength and weakness tables. Opposing the CHF is the JPY and USD, however the JPY could be a tricky market to trade currently as fear of intervention makes it more unpredictable. USD weakness seems to be persistent despite a recent uptick in Core PPI data. Continued >>>

NZD & AUD Strengthen : JPY Appears Weak Again https://www.charlesclifton.co.uk/daily-forex-price-action-10-10-23/ Tues 10th October 2023 : Daily Forex Price Action Today we’re looking at Trading Setups in: EURAUD (Primary Focus Pair) EURNZD (Covered In Video) NZDJPY (Covered In Video) AUD and NZD remain the strongest currencies on our live forex strength vs weakness tables. EUR and JPY appear on the weak side offering us opportunities on EURNZD, EURAUD, AUDJPY and NZDJPY. Looking at the JPY pairs both AUDJPY and NZDJPY are close to key resistance levels, removing our opportunity to trade these pairs for the time being, so we turn our attention to EURAUD since we featured EURNZD in yesterday’s analysis. Continued >>>

Weak CHF Offers Opportunities Ahead Of FOMC Volatility https://www.charlesclifton.co.uk/daily-forex-price-action-20-09-23/ Wed 20th September 2023 : Daily Forex Price Action https://www.charlesclifton.co.uk/daily-forex-price-action-20-09-23/ Today we’re looking at Trading Setups in: AUDCHF (Primary Focus Pair) CADCHF (Covered In Video) Today’s slate sees the FOMC Federal Funds Rate decision. This highly anticipated event will cause volatility in the markets especially those pairs surrounding the USD. Looking at our live proprietary forex strength vs weakness tables, CHF remains a weaker currency at Weak 3 (W3). AUD is Strong 3 (S3) on the tables which keeps AUDCHF on our watchlist. Continued >>>

CHF Pairs In Focus : High Volatility News Week https://www.charlesclifton.co.uk/daily-forex-price-action-19-09-23/ Tues 19th September 2023 : Daily Currency Strength Analysis Today we’re looking at Trading Setups in: AUDCHF (Primary Focus Pair) NZDCHF (Covered In Video) CADCHF (Covered In Video) This week is filled with high impact data, including announcements from four central banks. When this happens it can be very difficult to see true direction in the markets. When trading this week it may be wise to consider using lower risk to avoid being aggressive with our stop losses. AUDCHF on the weekly (W1) time frame is in a strong downward trend but in a secondary phase meaning price is going against the overall downward trend. The previous weekly (W1) swing lows of April 2023 are at 0.5850 and could be targets for this secondary wave buyers. Continued >>>

Our Tables Continue To Highlight GBP Weakness https://www.charlesclifton.co.uk/daily-forex-price-action-18-09-23/ Mon 18th September 2023 : Daily Forex Price Action Today we’re looking at Trading Setups in: GBPCAD (Primary Focus Pair) EURUSD (Covered In Video) EURCAD (Covered In Video) Our live proprietary forex strength vs weakness tables continue to highlight the GBP as a weak currency. It tops both the day traders and trend trades table being weak 1 (W1). Whether this stays that way is a different question as there are high impact news events this week. Wednesday 20th September 7am BST- Consumer Price Index, Thursday 1st September 12pm BST- Bank Of England Rate Announcement. These types of data announcements can create a change in direction, so they will need to be monitored appropriately. Continued >>>

EURUSD Profit Taken : AUDUSD Trade Idea https://www.charlesclifton.co.uk/daily-forex-price-action-06-09-23/ Wed 6th September 2023 : Daily Forex Price Action Today we’re looking at Trading Setups in: AUDUSD (Primary Focus Pair) EURUSD (Covered In Video) NZDUSD (Covered In Video) We have taken profits on our EURUSD trade, details can be found in today’s video. Our attention now turns to AUDUSD as yesterday we discussed the potential for AUDUSD to trade lower. Today we have been presented with a trading idea after our confluences have been tested. First our live propriety strength vs weakness tables show us that AUD is W1 and USD is S1; this could see AUDUSD momentum continue lower. Continued >>>

EURUSD +50 Pips : AUDUSD Falls After Key Data https://www.charlesclifton.co.uk/daily-forex-price-action-05-09-23/ Tues 5th September 2023 : Daily Forex Price Action Today we’re looking at Trading Setups in: AUDUSD (Primary Focus Pair) EURUSD (Covered In Video) AUDCHF(Covered In Video) Yesterday’s Video featured EURUSD as our Primary Focus Pair which gave us an entry and is currently in profit with stops moved to breakeven. AUD and NZD weakened overnight; this was down to a RBA interest rate decision in which the central bank held interest rates at 4.1% as expected. USD being a stronger currency helped AUDUSD break down and fall. AUDUSD has traded down through the key level of support of 0.6400. The weekly chart shows us that the AUDUSD could trade down to the next level of support which is 0.6300. Continued >>> https://www.charlesclifton.co.uk/daily-forex-price-action-05-09-23/

Our Tables Helped Us Gain +300 Pips : GBP Strength Returns https://www.charlesclifton.co.uk/daily-forex-price-action-16-08-23/ Wed 16th August 2023 : Daily Forex Price Action Today we’re looking at Trading Setups in: GBPNZD (Primary Focus Pair) GBPJPY (Covered In Video) AUDCHF (Covered In Video) Our live forex strength vs weakness tables are full once again, highlighting 9 forex pairs of interest, out of a possible 28 pairs that we trade. Our actionable currency pairs have not changed much from yesterday, but the order of the currencies has changed. GBP is now the strongest currency overall after yesterday’s strong earnings data followed by todays encouraging CPI data. Comparing this to the weaker currencies, we can see a potential opportunity forming on GBPNZD. Continued >>> https://www.charlesclifton.co.uk/daily-forex-price-action-16-08-23/

+200 Pips In Open Positions: AUDUSD Stands Out https://www.charlesclifton.co.uk/daily-forex-price-action-15-08-23/ Tues 15th August 2023 : Daily Forex Price Action Today we’re looking at Trading Setups in: AUDUSD (Primary Focus Pair) EURJPY (Covered In Video) AUDCHF (Covered In Video) The markets have continued in our favour this week; we currently sit in +200 pips profit combined across the pairs we’ve discussed in our market commentary. GBPJPY, EURJPY and AUDCHF all in profit currently, but where are the tables pointing to now? AUDUSD stands out to us, mainly due to the potential for price to reach a key support point that has not been tested for a long time. Continued >>> https://www.charlesclifton.co.uk/daily-forex-price-action-15-08-23/

EURNZD +200 Pips : Can We Catch Another Ride ? https://www.charlesclifton.co.uk/daily-forex-price-action-11-08-23/ Fri 11th August 2023 : Daily Currency Strength Analysis Today we’re looking at Trading Setups in: EURNZD (Primary Focus Pair) EURCAD (Covered In Video) EURJPY (Covered In Video) EURNZD was our top trade this week with price rallying over 200+ pips from our entry. This combined with our EURCAD trade would make a +300 pips week if we closed out at the time this video was filmed. EUR remains atop of the day traders table as the strongest currency and has moved up to S2 on the trend traders table. NZD has moved from W2 on both tables to now W1 highlighting the weakness in that market. Continued >>> https://www.charlesclifton.co.uk/daily-forex-price-action-11-08-23/

EUR Tops Our Tables As The Strongest Currency https://www.charlesclifton.co.uk/daily-forex-price-action-09-08-23/ Wed 9th August 2023 : Daily Forex Price Action Today we’re looking at Trading Setups in: EURNZD (Primary Focus Pair) EURJPY (Covered In Video) NZDCHF (Covered In Video) A slight change from yesterday’s tables as AUD and USD falls away from the day traders table. Instead our attention turns to EUR as this has appeared as the strongest currency on the day traders table. NZD is the third weakest currency on the day traders tables, which could see EURNZD move higher. Continued >>>

Is AUDCHF Heading Back To All Time Lows? https://www.charlesclifton.co.uk/daily-forex-price-action-08-08-23/ Tues 8th August 2023 : Daily Forex Price Action Today we’re looking at Trading Setups in: AUDCHF (Primary Focus Pair) NZDUSD (Covered In Video) AUDUSD (Covered In Video) We have a full board today on our live forex strength vs weakness tables, this shows 9 potential pairs of interest for us. One for us to focus on today is AUDCHF. AUD is the weakest currency on both of our tables still, and CHF is the weakest on our day traders table. The weekly chart shows price in a strong downward trend, heading towards the all time lows around 0.5500. This could be targets for traders in the long term. Continued >>>

+200 Pips On GBPAUD: AUDUSD Next? https://www.charlesclifton.co.uk/daily-forex-price-action-02-08-23/ Wed 2nd August 2023 Today we’re looking at Trading Setups in: AUDUSD (Primary Focus Pair) GBPAUD (Covered In Video) NZDUSD (Covered In Video) Our GBPAUD idea has seen the market rally over +200 pips in profit now offering traders an option to bank some of their positions or reduce risk. AUD weakness has been the main driver behind that market moving higher and is in focus again today. AUD is W1 on our day traders tables and USD is S1, making AUDUSD a chart to watch. When viewing the price charts we can see this forex pair has been in a downward trend within a larger time frame range. If price is going to trade towards the lower support of the range, we should expect the lower time frame downward trend to continue. Cont >>>