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Candlesticks and Ichimoku Intraday Trade Ideas

Candlesticks and the Ichimoku Kinko Hyo, when combined with traditional technical analysis methods, for example, trend analysis, pattern recognition and Fibonacci retracements and projections, work amazingly well in forecasting the market movements, especially in very volatile market conditions.

  • The intraday trade ideas section provides trading strategies for traders to profit from fast moving markets.
  • The weekly analysis section provides analysis from a short to medium time frame for position traders.

Candlesticks Intraday Trade Ideas Update Schedule:

  • 1st Update: 0630 - 0700 GMT
  • 2nd Update: 0930 - 1000 GMT
  • 3rd Update: 1230 - 1300 GMT
  • 4th Update: 1500 - 1530 GMT
  • Pairs Covered: EUR/USD, USD/JPY, GBP/USD, USD/CHF


Trade Idea Wrap-up: USD/CHF - Sell at 0.9680 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Mar 26 15 15:46 GMT

As the greenback has rebounded after intra-day fall to 0.9491, suggesting a minor low has been formed there and consolidation with mild upside bias is seen for retracement to 0.9620 resistance, however, reckon upside would be limited to 0.9650 and 0.9675-80 (38.2% Fibonacci retracement of 0.9984-0.9491) should attract renewed selling interest, bring another decline. A break of said support would extend recent decline to 0.9480-85

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Trade Idea Wrap-up: GBP/USD - Stand aside Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Mar 26 15 15:40 GMT

Despite intra-day breach of previous support at 1.4831, lack of follow through selling and current rebound from 1.4807 suggest further choppy trading would be seen and recovery to the Tenkan-Sen (now at 1.4901) cannot be ruled out, however, reckon upside would be limited to 1.4940-50 and price should falter below intra-day high of 1.4994, bring further sideways consolidation.

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Trade Idea Wrap-up: EUR/USD - Hold long entered at 1.0910 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Mar 26 15 15:34 GMT

As the single currency has retreated after intra-day brief rise to 1.1052, suggesting consolidation would be seen but pullback should be limited to 1.0900, bring another rise later, above the Kijun-Sen (now at 1.0979) would bring rebound to 1.1000-10, however, only break of said resistance at 1.1052 would extend recent upmove from 1.0462 low for retracement of early decline towards 1.1090-00.

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Trade Idea Wrap-up: USD/JPY - Sell at 119.65 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Mar 26 15 15:27 GMT

As the greenback has rebounded after intra-day fall to 118.33, suggesting consolidation above this level would be seen and corrective bounce to 119.30 (previous support now resistance) cannot be ruled out, however, resistance at 119.66 would limit upside and bring another decline later, a break of said support at 118.33 would extend recent decline from 122.03 top for retracement of early upmove towards 118.00

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Trade Idea Update: USD/CHF - Sell at 0.9670 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Mar 26 15 13:55 GMT

As the greenback has rebounded after intra-day fall to 0.9491, suggesting a minor low has been formed there and consolidation with mild upside bias is seen for retracement to 0.9620 resistance, however, reckon upside would be limited to 0.9650 and the upper Kumo (now at 0.9675) should attract renewed selling interest, bring another decline. A break of said support would extend recent decline to 0.9480-85

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Trade Idea Update: GBP/USD - Sell on break of 1.4830 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Mar 26 15 13:52 GMT

Despite intra-day brief rise to 1.4994, lack of follow through buying on break of 1.4990 resistance and current retreat has retained our view that further consolidation is in store and test of support at 1.4831 cannot be ruled out, however, break there is needed to signal the rebound from 1.4689 has ended, bring weakness to 1.4800 and possibly 1.4770 but downside should be limited to 1.4722 and said support at 1.4689 should remain intact.

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Trade Idea Update: EUR/USD - Buy at 1.0910 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Mar 26 15 13:34 GMT

As the single currency has retreated after intra-day brief rise to 1.1052, suggesting consolidation would be seen and pullback to 1.0940 cannot be ruled out, however, reckon the lower Kumo (now at 1.0900) would limit downside and bring another rise later, above said resistance would extend recent upmove from 1.0462 low for retracement of early decline towards 1.1090-00

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Trade Idea Update: USD/JPY - Sell at 119.50 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Mar 26 15 13:28 GMT

As the greenback has rebounded after intra-day fall to 118.33, suggesting consolidation above this level would be seen and corrective bounce to 119.22-30 (previous support now resistance) cannot be ruled out, however, reckon the lower Kumo (now at 119.61) would limit upside and bring another decline later, a break of said support at 118.33 would extend recent decline from 122.03 top for retracement of early upmove towards 118.00

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Trade Idea Update: USD/CHF - Sell at 0.9620 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Mar 26 15 11:15 GMT

The greenback has fallen again after meeting resistance at 0.9620, suggesting recent decline is still in progress and may extend weakness to 0.9480-85 (100% projection of 1.0129-0.9629 measuring from 0.9984), however, weakening of downward momentum should prevent sharp fall below 0.9450 support and price should stay well above 0.9400, bring rebound later.

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Trade Idea Update: GBP/USD - Sell on break of 1.4830 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Mar 26 15 11:13 GMT

Although cable has rebounded again in London morning and gain to 1.4995-00 cannot be ruled out, break of 1.5010 resistance is needed to retain bullishness and extend the rebound from 1.4689 to 1.5040-50, then towards 1.5070, however, as broad outlook remains consolidative, reckon upside would be limited to and price should falter below 1.5100.

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Trade Idea Update: EUR/USD - Buy at 1.0940 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Mar 26 15 11:08 GMT

As the single currency has continued to trade with a firm undertone and price broke above previous resistance at 1.1029 and 1.1046, adding credence to our view that the rise from 1.0462 low has resumed for retracement of early decline is under way for further gain towards 1.1090-00, however, near term overbought condition should prevent sharp move beyond 1.1150.

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Trade Idea Update: USD/JPY - Sell at 119.20 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Mar 26 15 11:05 GMT

Dollar's selloff after breaking indicated support at 119.22 (now turned into resistance) signals the decline from 122.03 top is still in progress and bearishness is seen for this fall to bring retracement of early upmove, hence weakness to 118.20-25 and then 118.00 would be seen, however, oversold condition should limit downside to 117.70 and reckon 117.50 would hold from here, bring rebound later.

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Trade Idea : USD/CHF - Sell at 0.9620 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Mar 26 15 08:29 GMT

The greenback has fallen again after meeting resistance at 0.9620, suggesting recent decline is still in progress and may extend weakness to 0.9500, then 0.9480-85 (100% projection of 1.0129-0.9629 measuring from 0.9984), however, weakening of downward momentum should prevent sharp fall below 0.9450 support and price should stay well above 0.9400, bring rebound later.

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Trade Idea: GBP/USD - Sell on break of 1.4830 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Mar 26 15 08:18 GMT

Although cable has rebounded again in London morning and test of yesterday's high of 1.4954 cannot be ruled out, break of 1.4990 resistance is needed to retain bullishness and extend the rebound from 1.4689 to 1.5010, then towards 1.5050, however, as broad outlook remains consolidative, reckon upside would be limited to 1.5070 and price should falter below 1.5100.

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Trade Idea: EUR/USD - Buy at 1.0940 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Mar 26 15 07:57 GMT

As the single currency has continued to trade witha firm undertone, suggesting a retets of this week's high at 1.1029 would be seen, however, break there is needed to signal the rise from 1.0462 low has resumed for retracement of early decline to previous resistance at 1.1046, then towards 1.1090-00, otherwise, further consolidation is in store.

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Trade Idea: USD/JPY - Sell at 119.20 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Mar 26 15 07:49 GMT

Dollar's selloff after breaking indicated support at 119.22 (now turned into resistance) signals the decline from 122.03 top is still in progress and bearishness is seen for this fall to bring retracement of early upmove, hence weakness to 118.20-25 and then 118.00 would be seen, however, oversold condition should limit downside to 117.70 and reckon 117.50 would hold from here, bring rebound later.

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Trade Idea Wrap-up: USD/CHF - Stand aside Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Mar 25 15 16:10 GMT

The greenback has continued to trade narrowly in part due to cross-trading in Swiss franc and further sideways trading is in store, still reckon previous support area at 0.9629-41 would limit upside and bring another decline, break of support at 0.9537 would extend recent decline from 1.0129 top for retracement of early upmove towards 0.9500 but still reckon downside would be limited and price should stay above 0.9470

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Trade Idea Wrap-up: GBP/USD - Stand aside Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Mar 25 15 16:05 GMT

Cable's retreat after intra-day bounce to 1.4954 has retained our view that further consolidation is in store and reckon 1.4850-55 would limit downside, bring another rebound, above said resistance would bring test of 1.4990 resistance but break there is needed to retain bullishness and extend the rebound from 1.4689 to 1.5010, then towards 1.5050.

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Trade Idea Wrap-up: EUR/USD - Stand aside Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Mar 25 15 16:01 GMT

Although euro's rebound after finding support at 1.0890 yesterday suggests near term upside risk remains for gain towards this week's high of 1.1029, break there is needed to signal the rise from 1.0462 low has resumed for retracement of early decline to previous resistance at 1.1046, then towards 1.1090-00. If said resistance at 1.1029 continues to hold, then further choppy trading is in store.

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Trade Idea Wrap-up: USD/JPY - Hold long entered at 119.60 Print E-mail
Candlesticks and Ichimoku Intraday | Written by Action Forex | Mar 25 15 15:56 GMT

As the greenback has retreated after meeting resistance at 119.98 (exactly 38.2% Fibonacci retracement of 121.20-119.22), suggesting consolidation would be seen but as long as yesterday's low at 119.22 holds, mild upside bias remains for another rebound later, above 119.98 would bring test of resistance at 120.17 but break there is needed to add credence to our view that low has been formed

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Advanced Candlesticks and Ichimoku Strategies for Forex Trading

For the first time, our Action Forex analysts are revealing the strategies they use in formulating the trading ideas in our popular Candlesticks and Ichimoku Analysis section. These strategies are presented in our newly released ebook "Advanced Candlesticks and Ichimoku Strategies for Forex Trading." Don't miss this opportunity in learning these techniques that professional traders use. Download both Part I and Part II NOW!

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