Forex Buy & Sell Trading Signals - page 6
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Hello Traders,
Forex Signals & Daily Analysis for 22nd July 2011:
Short Term Signals:
Usd/Chf Buy 0.8110/15 then 0.8080/85 then 0.8025/30, sell 0.8245/50 then 0.8280/85 then 0.8330/35
Usd/Jpy Buy 78.00/05 then 77.75/80 then 77.35/40, sell 79.10/15 then 79.40/45 then 79.75/80
Euro/Usd Buy 1.4150/55 then 1.4030, sell 1.4555/60 then 1.4625/30
Gbp/Usd Buy 1.6130/35 then 1.6040/45, sell 1.6430/35 then 1.6475/80
*About how to gain more than 10-30 pips from this strategy for traders who like to do that..
As you remember that I mentioned to gain more big pips, the short term signal must be compatible with the Medium Term Daily Analysis for the pair.
For example: the Euro/Usd pair yesterday, first signal was 1.4135/40 and in the analysis for this pair you realized that above 1.4140 is to stay on uptrend while below is to downtrend movement.
So this price level is surely a good support at least for bounce trading as my short term strategy rule. Traders who gained 10-30 pips and rest for the day because they do not like to stay in the market too much then good for them, while others who like to target huge pips it was good opportunity to keep the trade for sometime and follow price action & EU Economic Summit that was clearly having big impact on Euro currency as I said would do yesterday..
Most Importantly is to follow your personal trading rule, you like to take safe 10-30 pips as each time you trigger one of the short term signals then great, if you like to look at compatibility bt. both strategies to gain more big money then also good for you.
About the Usd/Jpy 2 Targetted signals, market price came near the first signal 78.45/50 but didn't hit it but 78.52 then spiked around 20 pips then came back to test it which led to go directly to our second signals 78.30/35, this is what I say do not enter a buy at a retest as this example show you,
but fortunatly in this case you are safe because you are dealing with the Usd/Jpy pair that's always going to spike up from this level, reached 78.65 later before targetting 78.20(our medium term low price(78.10/20) for yesterday in late hours of course perfect buy, and was no problem if you didn't trade accuratly but entered an order for the first signal to reenter at second signal too(just in this case)
Both signals prices were close to each other which is normal with this pair due to short daily price range, besides price was stuck in tight range for some days..
Medium Term Daily Analysis:
Usd/Chf This pair is moving sideways after breaking yesterday retracement, good breakout strategy for yesterday targetted our first short term signal then went up then targetted our second buy signal then again spiked up, each signal around 30 pips gain at least for short term strategy and around 60 pips for medium term breakout strategy.
Today movement would be a base above 0.8185 is to target 0.8300 then break is to 0.8330/40, while basing below 0.8185 is to target our short term buy signals for this pair.
Usd/Jpy This pair faced an intervention yesterday(short one with 30 pips range) but held exactly at yesterday retracement 78.95/00 then collpased, the same as what had done from a week ago but with bigger pips gain after an intervention from 78.60 to 79.55/60 and the later was that day retracement and also held at it to collapse later on..
Conclusion is that you can use my daily analyis accuratly even in intervention time to set your take profit, with total honesty my take profit for this pair yesterday was exactly at 79.00, well I know that I milked the pips till the end..lol but was sure of that level(retracement).
Another conclusion is traders, investors are still testing Bank Of Japan readiness for intervention and this time it came with small pips range(only 30) which led to a thinking that fuel might had been ending with the BOJ and might keep this pair collpase more to then intervene, when and at what price? this is a question with no clear answer but intervention is always ready.
As I mentioned in past post that this pair would have buy order at 78.80/90 then 78.45/50 then 78.00/20 and so far had moved accordingly.
Feel safe to always buy this pair on specfic prices as yesterday low 78.10/20 and the short term signal prices too and take a crucial note that you might not know when intervention would occur but be with high % sure that it would be during tokyo session(nearly the last quarter of the session) you can expect that at any day, time would be around yesterday and previous week intervention time, so look at your chart to know at hwat time that is according to your local time..
Remember that BOJ would not admit intervention for many reasons..but be sure that it's always ready especially that big japanese companies(sony. toyota..) are always in a pressure on BOJ to intervene becasue the last thing they want is a powerful yen since that would effect there sales especially to the USA.
Today retracement is at 78.75/80, break is to 79.00/05, a base above here is to target 79.85/90 and must filter below 80.00, while low is at 77.95/00, below if happens would target our other 2 short term buy signals.
Euro/Usd This pair had many scenarios and you must had been ready for all with my accurate daily analysis, started with a reverse from resistance at 1.4290/00 many times before collapsing down to perform a very sucessful breakout stratgey targetting short term first signal and medium term important support 1.4135/40, to then boost upward toward 1.4290/00 then breaking it(for sure you mustn't keep selling for million times at this same level but wait for the other short term sell signals).
Today retracement is at 1.4290/00, break is to 1.4200, below is to target our short term buy signals, while high as a contiuation of uptrend movement is at 1.4620/30
Traders who are only focusing on trading this pair have no reason not to have gainecbig pips yesterday with accurate daily analysis as usual..
Gbp/Usd This pair still on uptrend, retracement is at 1.6220/30, break is to 1.6140/50 then 1.6080/90 must hold, take note that front support is forming at 1.6290/00, while continuation of the trend is to target our short term sell signals for this pair..
Usd/Cad This pair is still on downtrend, well liked to upset me yesterday by a low price under my expected one at 0.9460, Honestly I knew about the possibility of targetting 0.9420/25 if broke below but didn't expect that additional fall, anyway pradon me for being short in details on the downside movement, most had gave you all possibility as I always do..
Anyway, this pair tried spiked above 0.9460 many times before falling below and you surely mustn't enter a trade after many tests but keep your profits from 1 trade at this level(reached around 0.9490 before collapsing down).
Retracement is at 0.9475/80, break is to 0.9530/40 then 0.9570/80 must hold while on the downside if wouldn't keep the base above 0.9440 but based below later then it would target 0.9400/05 then 0.9380/85 then 0.9340/45(look how much Generous I AM...LOL)
Nzd/Usd This pair still on uptrend, powering it after breaking above 0.8590/00 which held at first hit and went down then retested it after bad US employment claims, breaking above..
Today retracement is at 0.8560/70, break is to 0.8480/90 but 0.8390/00 would hold while high is at 0.8640/50, break if happens is to target 0.8680/90
Euro/Gbp This pair broke above to base on uptrend, basing above 0.8800/10 targetting 0.8880/90 while below 0.9790/95 is to target 0.8760 then 0.8730
Euro/Chf This pair still on uptrend targetting 1.1860/70, break is to 1.1920/30, retracement is at 1.1700 break is to 1.1610/20, below would change trend direction
Gbp/Chf This pair still on uptrend, targetted our resistance then fell down, retracement is at 1.3280 break is to 1.3200/10, below would change trend direction
Gbp/Jpy This pair still on uptrend, was also effected by intervention with around 50 pips spike, then based above 127.60 and targetted our high price around 128.50 that this pair would face resistance at today, break is to 128.80/90 then 129.00/10 then possibly 129.90/00 that would hold, while retracement is at 127.80 break is to 127.50, below would change direction to target 127.00/10 then 126.50/60 then 126.20/25 low price level must hold
Euro/Jpy This pair still on uptrend, targetting 114.10/20 then 114.40/50, retracement is at 112.50/60 break is to 112.10/20, below would change trend direction to target 111.50/60
Aud/Usd This pair still on uptrend, facing resistance at 1.0850/60, break is to 1.0920/25 then 1.0960 must hold, retracement is at 1.0770/80 then 1.0720 must hold
Oil is still on uptrend, powering it after basing above 99.30/40, today retracement is at 98.60/70, break is to 97.70/80 then 96.90 must hold, while high is at 99.90/00, a base above would more power uptrend to target 101/00/10 then 101.90/00
Gold is looking to start a downtrend movement today, basing below 1591/92 to target as low as 1554/55 if not today then in coming days, with support price levels at 1579 then 1573 then 1562, while above 1591/92 is to target 1604 then 1606/07 must hold
We have 2 Important News Releases today for the Canadian Dollar Currency:
- CAD Core CPI: Buy Usd/Cad if below 0% while sell if 0.2% or above
- Core Retail Sales: Buy Usd/Cad if below 0% while Sell if 0.5% or above
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 25th July 2011:
Short Term Signals:
Usd/Chf Buy 0.8090/95 then 0.8040/45, sell 0.8265/70 then 0.8295/00 then 0.8345/50
Usd/Jpy Buy 78.10/15 then 77.95/00 then 77.70/75, sell 78.85/90 then 79.00/05 then 79.25/30
Euro/Usd Buy 1.4285/90 then 1.4255/60 then 1.4190/95, sell 1.4440/45 then 1.4485/90 then 1.4535/40
Gbp/Usd Buy 1.6245/50 then 1.6220/25 then 1.6185/90, sell 1.6345/50 then 1.6375/80 then 1.6410/15
Medium Term Daily Analysis:
Usd/Chf This pair returned to downtrend after moving sideways in previous days, worries about the US Debt Ceiling led to selling this pair at the open of today's daily candle, retracement is at 0.8170 break is to 0.8190/00,
break above here is to target 0.8290/00, while low is at 0.8060
Usd/Jpy This pair is still on downtrend, retracement is at 78.55/60, break is to 78.85/90 then a base above 79.00 would target 79.80/90, while low is at 78.70/80
Euro/Usd This pair is still on uptrend, retracement is at 1.4320/25, break is to 1.4290/00, then break here would target 1.4200/10, below would change trend direction, while resistance is found at 1.4440/50, a base above would power the trend to target our other 2 short term sell signals
Gbp/Usd This pair is still on uptrend, looking to target retracement at 1.6250/60, a base below is to target 1.6150/60 then 1.6090/00 must hold, while a base above 1.6350 would power the trend to target our other 2 short term sell signals.
Aud/Usd This pair is still on uptrend, retracement is at 1.0800, break is to target 1.0720/30, while high is at 1.0870/80
Usd/Cad This pair failed to base above on friday despite performing a successful breakout strategy from retracement to 0.9530/40 but reversed from there closing below 0.9500 after contradicting news release, the first came as bad which led to a buy of this pair then the second came out as good which led to selling this pair.
Ofcourse, traders who trade the news must had gained good money from both news releases by following my news release friday signals for this pair that felected what occured in the market..
Looking today to retest resistance at 0.9540/50, a base above would change direction to target 0.9590/00, while below support at 0.9480/90 is to target 0.9420/30
Nzd/Usd This pair is still on uptrend taregetting high price level at 0.8690/00, break is to power the trend targetting 0.8720/25 then possibly 0.8770/80, while retracement is at 0.8600/10, break below might target as low as 0.8490/00 if not today then in coming days..
Euro/Chf This pair still on uptrend, but might change this view today if kept falling to support at 1.1620/30 then 1.1600/05 and closing today's candle near or below there, while a base again above 1.1700 is to target 1.1750/60 then 1.1920/30 must hold.
Euro/Gbp This pair is still on uptrend, but faced difficulty on friday to continue towards 0.8890/00(stopped midway at 0.8853) but kept the base above 0.8800 today but failed to continue above 0.8830, leading to 2 possible options or scenarios: first is a base above 0.8810 to taregt 0.8880/90 while below 0.8790 is to target 0.8760
Euro/Jpy This pair is still on uptrend, after holding on fridat at retracement 112.50 which is also today's retracement, a break is to 112.00/05, below here would change direction targetting 111.40/50, while kept basing above retracement might target 114.00/10
Gbp/Jpy This pair is still on uptrend, despite facing resistance at 128.50 as was expected on friday then falling to retracement and performing a breakout to said support at 127.50 but then filtered above, a base today below 127.40/50 would change direction to target 127.00 then 126.70, if broke below here would hold at 126.00/10, while a base above 126.70/75 is to target 128.40/50, a break above would power the trend targetting 129.00/10
Gbp/Chf This pair targetted friday retracement after finding resistance at 1.3440, but opened today below retracement but above 1.3200/10 which led to a mixed view,
a base below 1.3230 is to target 1.3200 but a break then base below here is necessary to change direction targetting as low as 1.3100
Oil is still on uptrend, wasn't able to base above 99.90/00 but barely hit 100.15 then went downward, opening today lower, targetted retracement at 98.80, a base below is to target 98.00/10 then 97.30/40 that must hold but if broken would chnage direction while high is at 100.30/40
Gold faced 2 scenarios on friday, first based below 1591/92 looking to base on downtrend but failed to continue the collapse but stopped at 1583 and reversed after talks increased about US Debt Ceiling no solution yet, targetted again 1591/92 then broke and target our said friday resistance at 1506/7 and held there as expected,
today boosted to the upward with a weak dollar and the same problem is Debt Ceiling conflict in the Congress, retracement is at 1603/4, break is to 1592/93, a base below would target 1554/55 with support levels at 1582 then 1573/74 then 1563, while high is at 1538, if broke might target 1644/45 that must hold.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 26th July 2011:
Short Term Signals:
Usd/Chf Buy 0.7975/80 then 0.7940/45 then 0.7865/70, sell 0.8160/65 then 0.8210/15 then 0.8265/70
Usd/Jpy Buy 77.75/80 then 77.50/55, sell 78.75/80 then 79.00/05
Gbp/Usd Buy 1.6230/35 then 1.6210/15 then 1.6155/60, sell 1.6370/75 then 1.6405/10
Euro/Usd Buy 1.4310/15 then 1.4280/85 then 1.4235/40, sell 1.4510/15
Medium Term Daily Analysis:
Usd/Chf This pair still on downtrend, would face strong support at psycological price level 0.8000, if this level holds then this pair should retrace to 0.8090/00,
then break is to 0.8150/60, break here would target 0.8270/80 that must hold, while below 0.8000 is to target our short term buy signals.
Usd/Jpy This pair still on downtrend, faced intervention from few hours(around 80 pips), retracement is at 78.40/50, break is to 78.70/80 which had been performed by intervention but could be repeated later on, break above is to target 79.65/70 that must hold, while low is at 77.50/60
Gbp/Usd This pair is still on uptrend, retraced yesterday to said retracement at 1.6260(which is also today retracement) before going up again to keep uptrend movement, but looking to face good resistance at 1.6350, above would more power the trend and target our short term sell signals. while below retracement is to target 1.6190/00 then break is to hold at 1.6100/10
Euro/Usd This pair is still on downtrend, retraced to yesterday said retracement at 1.4320/25 then kept continuing upward to keep trend direction, today would try targetting 1.4550/60 then high is at 1.4620/30, while retracement is at 1.4350/60, break is to 1.4250/60
Aud/Usd This pair is still on uptrend, retracement at 1.0820/30, break is to 1.0760/70 then 1.0730/40 must hold, while high is at 1.0950/60 and front support might be forming at 1.0890, today closing below here might lead to retracement later on..
Usd/Cad This pair still on downtrend, successful breakout strategy for yesterday, today retracement is at 0.9475/80, break is to 0.9500/10 then 0.9570/80 must hold while low is at 0.9400/10 if broken then would target 0.9380/85 then 0.9330/40 must hold.
Nzd/Usd This pair is still on uptrend, retracement is at 0.8620/30, break is to 0.8530/40 then break here would hold at 0.8400/10, while high is at 0.8720/30
Euro/Chf This pair reversed to downtrend, basing below 1.1630/40, break is to target 1.1820/30 that must hold, while on the downside would target 1.1510/20 below would target 1.1460/70 but 1.1400/10 must hold.
Euro/Gbp This pair is still on uptrend, targetting 0.8870/80 above here would power the trend to target 0.8895/00, retracement is at 0.8820/30, break is to 0.8800 that must hold but if broken then trend direction would change.
Euro/Jpy This pair performed a successful breakout strategy, but then went up again to keep uptrend with intervention help too, retracement is at 112.10/20, break is to 111.40/50, while on the upside would target 113.80/90 then 114.40/50
Gbp/Jpy This pair also performed a successful breakout strategy but again intervention helped in keeping it up and targetted today resistance at 128.30/40 before going down again, below 127.40/50 is to target 127.00 that must hold but if broken then would target 126.50/60 then 126.00/10 must hold
Gbp/Chf This pair reversed to downtrend, targetting our low price and even more weakned later on, today retracement is at 1.3180/90, break is to 1.3320/30, while low is at 1.3000
Gold is still on uptrend, after holding on yesterday retracement and going up, today retracement is at 1606/07, break is to 1597/98, below is to target 1583/84 while more collpase would hold at 1560, high is at 1643/44
Oil is still on uptrend, despite unability or no decision to base above 100, high is at 100.30/40 above would power the trend, while retracement is at 98.80 break is to 98.10/20 and 97.00/10 must hold.
We have 2 Important News Releases today for the sterling & Dollar Currencies:
- UK Prelim GDP: Buy Gbp/Usd if 0.4% or above while sell if 0% or below
- US New Home Sales: Buy Usd/Chf & Usd/Jpy if 350K or above while Buy Euro/Usd & Gbp/Usd if 280K or below
*** Traders must keep a close look at US Debt Ceiling News because that would surely effect the market. It seems that not only Fed Chairman Bernanke would continue ruining the Global Economy after damaging the Dollar Currency but also differences bt. Congress Republicans and Democrats is contuing this dangerous job.
It's really astonishing how the Congress of one Country can't solve their debt problems while the whole EuroZone sat down and solved many European countries debt problems in short time and as consistent action from country to another providing support.
Even if it looks that US Debt Ceiling problem would be solved even if at last day but till that time Global Economy is in lot of pressure, besides forex market & Certain pairs as Usd/chf, Usd/Jpy and Chf & yen pairs in General that are facing huge challenge even Bank of Japan always Intervention isn't helping much but yen is powering again while Chf is kept for God..LOL(No Intervention), due to people searching for safe haven currencies in this Dollar tragedy situation.
Let's wait and see if the Congress would solve their debt problem soon or drag it to the last day or maybe minutes or seconds..
A small joke I heard from a middleastern friend that if this debt problem was in any dictatorial country as was in Iraq or Egypt or Libya the problem would had been solved from long ago just with a finger wave by the Dictator leader or President with no talking, no discussion with anyone whatsoever, while President of the Mighty USA Barack Obama needs to urge & maybe near deadline would *** the Congress to act fast to solve this Debt Ceiling problem before deadline, really LOL.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 27th July 2011:
Usd/Chf Buy 0.7970/75 then 0.7950/55 then 0.7910/15, sell 0.8065/70 then 0.8095/00 then 0.8120/25
Usd/Jpy Buy 77.40/45 then 77.20/25 then 76.65/70, sell 78.60/65 then 78.00/05 then 79.30/35
Euro/Usd Buy 1.4360/65 then 1.4295/00 then 1.4230/35, sell 1.4590/95 then 1.4630/35 then 1.4735/40
Gbp/Usd Buy 1.6265/70 then 1.6200/05 then 1.6140/45, sell 1.6490/95 then 1.6525/30 then 1.6630/35
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, as expected psycological level 0.8000 formed a strong support(Good Buy), today retracement is at 0.8065/70, break is to 0.8135/40 then break here would target 0.8250/60 that must hold, while below 0.8000 is to target our short term buy signals.
Usd/Jpy This pair is still on downtrend, retracement is at 78.20, break is to 78.60, above here is to target 79.50/60 and hold there, while low is at 77.20/30.
Euro/Usd This pair is still on uptrend(pardon me for yesterday mistake "downtrend" but surely you undertood that it was a typing mistake as the followed content shows the uptrend direction..),
today retracement is at 1.4430/40, break is to 1.4300, a base below here would change direction but must hold at 1.4230/40, while high is at 1.4640/50.
Gbp/Usd This pair is still on ptrend, retracement is at 1.6340/50, break is to 1.6230/40, break here would target 1.6120/30 and change trend direction, while on the upward movement would target our short term sell signals.
Aud/Usd This pair is still on uptrend, boosted today another big bullish candle after AUssie CPI News Release came out as good, better than forecast by 0.2% (forecast was 0.7%, actual came out as 0.9%).
In bt., I have doubts about the forecast numbers of some news releases, for example: the previous Aussie CPI number was 1.6%, so it was clear that the new(released today) CPI number would not be worse than 0.7%(forecast), it would not drop more than 1% especially with recent good situation of the Aussie. So sometimes the forecast number is clearly favoring some currencies, because if it was reasonably at 1.1% and actual came out as now 0.9% then it was a bad news and the Aussie could had weakened fast.
Ofcourse, nothing against the Aussie..LOL, other currencies also have same doubting forecast scenario sometimes.
Anyway, today retracement is at 1.0910/20, break is to 1.0795/00 then 1.0750/60 must hold and 1.0960/70 is forming a front support, on the upside must hold at 1.1060/70, above here if liked to target a very overbought area then it would be 1.1100 then 1.1150/60 would surely hold to make a correction later on with a collapse from this level.
Usd/Cad This pair kept on downtrend, targetted our yesterday low price 0.9400/10 then retraced upward, today low price level is at 0.9390/00, break is to 0.9370/75 then 0.9340 must hold, while retracement is at 0.9455/60 break is to 0.9495/00 then break above here must hold at 0.9560.
Nzd/Usd This pair is still on uptrend, targetted today high price at 0.8760/70, break above if occured is to target 0.8780/90, above is not in the picture but if occured then 0.8815/20 would be next target, retracement is at 0.8670/80, break is to 0.8570/80, below here not in the picture but if happens to be would target 0.8430/40 and hold there.
Euro/chf This pair have 2 Scenarios or options for today, a base above 1.1640/50 is to target 1.1810/20 while a base below 1.1620 is to target 1.1530/40 then 1.1470/80 must hold
Euro/Gbp This pair is still on uptrend, targetted yesterday our high price level at 0.8870/80 then fell down, today retracement is at 0.8820, break is to target 0.8800, a base below would change direction and target 0.8750/60 then 0.8700/10 must hold while high is at 0.8870/75
Euro/Jpy This pair is kept on uptrend, targetting 113.70/80, above is to target 114.20/25 but 114.90/00 must hold, while retracement is at 112.70/80, break is to 112.30/40, a base below would target 111.70/80
Gbp/Jpy This pair is kept on uptrend, retracement is at 127.70/75, break is to 127.50/60, below would target 127.00/10, if breaks below here would target 126.60/70, while resistance is found at 128.20/30, a base above is to target 128.60/70 then 129.00/05 must hold
Gbp/Chf This pair kept on downtrend from yesterday, retracement is at 1.3180/90, break is to 1.3200/05, then a base above would target 1.3310/20 that must mainly hold.
Oil is still on uptrend despite having each day many scenarios from down to up then always being rejected from above at our high prices and opening a new candle below 100, as I said yesterday it seems that there's no clear decision yet for Oil to base above 100 and target higher prices, today retracement is at 99.00, break is to 98.10/20 then 97.20/30, a base below is to target 96.20/30 then possibly 94.80/90 that must hold, while high is at 100.40/50, above is to target 101.10/20 then 102.00/10 then possibly 103.40/50
Gold is still on uptrend, held above yesterday retracement at 1506/07 to keep upward momentum, targetting as high as 1636 with resistance on the way as 1625 then 1628, while retracement is at 1612/13, break is to 1601/02, a base below might target as low as 1565/66 that must hold
***Keep Close look at US Debt Ceiling News because any new optimisim or default would direcrly reflect at and effect the markets. It is clear that no decision to let Usd/Chf collapse below psycological level 0.8000, nothing would lead to that but a clear US Debt Default news, and I'll also look closely at CHF Barometer News Release that might give some breath for the CHf pairs weakening the Chf currency if number came out as bad but also might lead Usd/chf to break below 0.8000 but there's still doubt that this level would break easily unless crucial news lead to that.
Also, a positive news about Debt Ceiling Solution would quick powering the Dollar Currency against all other currencies, so take care of that scenario too.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 28th July 2011:
Short Term Signals:
Usd/Chf Buy 0.7980/85 then 0.7965/70 then 0.7940/45, sell 0.8050/55 then 0.8070 then 0.8090/95
Usd/Jpy Buy 77.50/55 then 77.25/30 then 77.00/05, sell 78.30/35 then 78.45/50 then 78.80/85
Gbp/Usd Buy 1.6260/65 then 1.6230/35 then 1.6150/55, sell 1.6435/40 then 1.6485/90 then 1.6535/40
Euro/Usd Buy 1.4260/65 then 1.4215/20 then 1.4095/00, sell 1.4530/35 then 1.4610/15 then 1.4685/90
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, retracement is at 0.8050, break is to 0.8120 then a break above here would target 0.8235/40 that must hold, while low price level is at 0.7930/40 only if price bases below 0.8000 which wasn't the case from some days till now, actually 0.8000 was broken but shyly to only hit 0.7995 which is only seen as a false breakout.
Take Note that buyers are now found near the 0.8000 price level and current low price might be found later on as the reversal of this pair to keep going up later on after the debt problem is solved. The clock is ticking, lets see what would be the case in few coming days and remember that heavy buying for the dollar currency would occur when the news of debt ceiling solution would be spread out so take care of that, start buying the dollar from the ground price before seeing it on the roof later on..
Ofcourse, if the congress didn't like to upset us with Mr. Presient Obama, & Mr. Ben Genius(Bernanke) don't come out with some foolish remarks as reviving QE3 idea, stay at home Mr. Ben Genius do not come out we do not want to see your nice beard..LOL
Anyway, it is clear that default isn't an option, there's no option but success in this debt ceiling problem, but maybe..
Usd/Jpy This pair is still on downtrend, went up to yesterday retracement as fears of intervention controlled traders(sellers of this pair), today retracement is at 78.00/05, break is to target 78.45/50 then above here is to target 79.35/40, while low is at 77.10/20(Buy Buy Buy)
As I explained in previous posts, BOJ would not intervene every day, would only do that surprisly as had done till now, maybe once or maximum twice a week or at low price level as 77.50 or around 77.00/20, so keep focus at that. Mainly, it look as if intervention would be hand to hand with debt ceiling solution date.
Euro/Usd This pair is today squeezed bt. resistance and support after leaving uptrend with a successful big pips breakout strategy yesterday, above resistance at 1.4380 is to target 1.4435/40, above would might lead to cover most of yesterday down movement with resistance at 1.4500, while below support at 1.4320 would target 1.4300 then below to our short term buy signals.
Gbp/Usd This pair is still uptrend, kept basing above 1.6320 is to target 1.6420/30, while a base below 1.6320 might lead to target 1.6240/50 changing trend direction, below would target 1.6130/40 that must hold.
Usd/Cad This pair is looking to leave downtrend to base on uptrend, if keeps the base above 0.9470 targetting 0.9550/60 then a break would target 0.9635/40 that must hold, while low is at 0.9400/10
Nzd/Usd This pair is still on uptrend, retracement is at 0.8670/75, break is to 0.8600/10, then below here if a collapse occur would target 0.8440/50 that must hold, while high is at 0.8790/00
Euro/Chf This pair performed a successful breakout strategy yesterday, basing on downtrend again but mainly moving sideways even if on downtrend channel since current price level had been a rejection in past days, retracement is at 1.1570, break is to 1.1610/20, above would target 1.1770/75 that must hold, while low is at 1.1430/40 must hold.
Euro/Gbp This pair is on downtrend today after a successful breakout strategy, basing below retracement at 0.8800/10 targetting 0.8770 first then a break would extend weakness to 0.8750 then 0.8725/30 then below 0.8700 would hold at 0.8680/90, while above retracement is to 0.8840/50
Aud/Usd This pair is still on uptrend, held on front support today at 1.1000/10 to keep a powerful uptrend, retracement is at 1.0960 break is to 1.0820/30 then below must hold at 1.0770, while new historic hihs might be 1.1110/15 if breaks above 1.1080 then 1.1100
Euro/Jpy This pair reversed yesterday with a successful breakout strategy to base on downtrend but mainly moving sideways, retracement is at 112.20/30 break is to target 113.40/50, while low is at 111.00/10 that must hold
Gbp/Jpy This pair also reversed to downtrend with a successful breakout, but mainly moving sideways, retracement at 127.40/50 break is to target 128.00/10, while low is at 126.50/60 then 126.10/20 must hold
Gbp/Chf This pair is still on downtrend, retracement is at 1.3130/40 break is to 1.3190/00, above here would target 1.3290/00, while low is at 1.3050/60 that had been forming good support in past days, so a break below is forbidden but if occur would target 1.3000 psycological level then 1.2950/60 would hold.
Oil performed a successful breakout strategy yesterday, today basing on downtrend, below 98.20 targetting as low as 94.40/50 and low resistance is forming at 97.30/40, above retracement might target high at 100.10/20
Gold is still on uptrend holding at today retracement 1612, break is to 1603, below might target as low as 1571 with support levels on the way bt. 1580 and 1583.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 29th July 2011:
Short Term Signals:
Usd/Chf Buy 0.7970/75 then 0.7955/60 then 0.7925/30, sell 0.8050/55 then 0.8070/75 then 0.8095/00
Usd/Jpy Buy 77.45/50 then 77.35/40 then 77.10/15, sell 77.95/00 then 78.15/20 then 78.30/35
Gbp/Usd Buy 1.6295/00 then 1.6255/60 then 1.6225/30, sell 1.6415/20 then 1.6435/40 then 1.6490/95
Euro/Usd Buy 1.4225/30 then 1.4180/85 then 1.4110/15, sell 1.4430/35 then 1.4475/80 then 1.4550/55
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, targetted new historic low yesterday at 0.7990, again moving shyly below 0.8000 before spiking up to 0.8050 as if the markets are giving warnings that a quick collpase is in the hand if US Debt Ceiling problems ends with no solution.
Today retracement is at 0.8030/40, break is to 0.8100/10, above here would target 0.8210/20, while low is at 0.7910/20
Usd/Jpy This pair is still on downtrend, retracement is at 77.85/90, break is to 78.30/40 then above here would target 79.20/30, while low is at 77.00
Euro/Usd This pair is again squeezed bt. resistance at 1.4355/60 break is to 1.4400 then might target 1.4500, and support at 1.4375/80, break is to as low as 1.4130/40 and confirming downtrend movement with support levels at the way down as our short term buy signals..
Gbp/Usd This pair is still on uptrend, holding above retracement at 1.6330/40 targetting 1.6450/60, while below retracement is to target 1.6260/70, break here must hold at 1.6150/60
Usd/Cad This pair is basing on uptrend today, above 0.9480 targetting 0.9550/60 then 0.9610/20 while below 0.9480 might target 0.9400
Nzd/Usd This pair is looking to leave uptrend after many many days basing above, below 0.8685/90 targetting 0.8620/30, break below is to target 0.8470/80 that must hold, while a base above 0.8685/90 is to target high at 0.8815/20 that must hold
Euro/Chf This pair is still on downtrend, targetting 1.1420/30 below 1.1400 would extend weakness fast with a new historic low, while retracement is at 1.1520/30, break is to 1.1600/10, above here would target 1.1720/30
Euro/Gbp This pair still on downtrend from yesterday, targetted our yesterday low price, today retracement is at 0.8780/90 break is to 0.8795/00, above would target 0.8835/40 then 0.8870/80 must hold, while low price level is at 0.8670/80
Aud/Usd This pair is still on uptrend, but might be on the verge of changing this view if breaks belwo retracement at 1.0960 targetting 1.0850/60, break below must hold at 1.0770/80, while holding above retracement might target 1.1020/30
Euro/Jpy This pair is still on downtrend, retracement is at 111.70/80, break is to 112.10/20, a break above here would target 113.10/20, while low price level is at 110.40/50, below might extend weakness to as low as 109.00/10
Gbp/Jpy This pair is still on downtrend, retracement is at 127.40, a base above would target 127.90/00 then 128.40, above here would extend gains to 129.40, while low is at 125.60/70
Gbp/Chf This pair is still on downtrend, retracement is at 1.3125/30, break is to 1.3180/90, above here would target 1.3260/70 then 1.3290/00, while low price level is at 1.2950/60 if broke below 1.3000 psycological level..
Gold still on uptrend after targetting yesterday retracement then going up again, today retracement is at 1613, break is to 1605/06, below 1600 would target as low as 1577/78, while basing above retracement would target 1620 then 1628/29, above here would extend gains fast to 1640
Oil is still on downtrend from yesterday targetting 94.80/90, below would extend gains fast, retracement is at 97.70, break is to 98.20, above here might target 100.10/20
We have an Important news release today for the Dollar Currency:
- US Advance GDP: Buy Usd/Chf & Usd/Jpy if 1.8% or above while Buy Euro/Usd & Gbp/Usd if 1.3% or below
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 1st August 2011:
Short Term Signals:
Usd/Chf Buy 0.7765/70 then 0.7725/30 then 0.7605/10, sell 0.8015/20 then 0.8090/95 then 0.8155/60
Usd/Jpy Buy 76.15/20 then 75.95/00 then 75.15/20, sell 78.25/30 then 78.60/65
Euro/Usd Buy 1.4235/40 then 1.4160/65 then 1.4095/00, sell 1.4485/90 then 1.4525/30
Gbp/Usd Buy 1.6250/55 then 1.6170/75 then 1.6090/95, sell 1.6540/45 then 1.6595/00
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, retracement is at 0.7965/70, break is to 0.8060/70, then above here would change trend direction to target 0.8170/80, while low is at 0.7850/60
Usd/Jpy This pair is still on downtrend, retracement is at 77.60, break is to 78.00/10(this breakout strategy had been performed in today early hours but might be repeated later), above would change trend direction targetting 79.00/05, while low is at 76.50/60
Euro/Usd This pair is still movign sideways despite market price now basing on uptrend channel, above 1.4360 targetting high at 1.4550/60, while below 1.4350 might target 1.4270 then 1.4220/30, below would base this pair on downtrend, possibly targetting 1.4130/40
Gbp/Usd This pair is still on uptrend, targetting high at 1.6510/20, retracement is at 1.6380/85, break is to 1.6310/20 then 1.6250/60, below would change trend direction targetting 1.6170/80
Usd/Cad This pair is still on uptrend, retracement is at 0.9500/10, break is to 0.9480, a base below would change trend direction to target 0.9450/60 then low at 0.9400/10, while kept basing above retracmeent is to target 0.9620 then 0.9660/70 but 0.9700/05 must hold.
Nzd/Usd This pair is still on uptrend, targetting high at 0.8880/90, retracement is at 0.8740/50, break is to 0.8670/80, below would change trend direction targetting 0.8500/10 that must hold
Euro/Chf This pair is still on downtrend, retracement is at 1.1440/50, break is to 1.1570/80 then 1.1670/80 must hold, while low is at 1.1230/40
Euro/Gbp This pair is still on downtrend, retracement is at 0.8765/70, break is to 0.8790/00, above would chnange trend direction to target 0.8820/30 then 0.8860/70 must hold, while low is at 0.8680
Aud/Usd This pair kept uptrend, after a huge fall but held above 1.0900 and retraced upward, opening today daily candle above retracement at 1.0980, break is to 1.0900/10, below here would change trend direction targetting 1.08000, while high is at 1.1070/80
Euro/Jpy This pair is still on downtrend, retracement is at 111.50 break is to 112.00/10(had been performed in early hours today but might be repeated later), above would change trend direction targetting 112.75/80, above would power upward movement targetting 113.90/00 then possibly 114.70/80, while low is at 109.10/20
Gbp/Jpy This pair is looking to base on uptrend today, above 127.30/40 targetting 129.40/50 but might filter below 130.00 for today, while below 127.00 might target low at 125.60/70 with support level on the way at 126.00.
Gbp/Chf This pair is still on downtrend, retracement is at 1.30/50/60, break is to 1.3150/60, above would change trend direction to target 1.3220/30, a base above here would more boost gains, while low is at 1.2910/20
Oil is still on downtrend, targetted our low price on friday, retracement is at 97.20/30, break is to 98.00/10, above would chnage trend direction to target 99.90/00 that must hold, while low is at 95.00, below would more extend weakness to target 94.30/40 then 93.60 and possibly 92.30
Gold fell from uptrend, but today squeezed bt, resistance at 1615 break is to 1632/33, above is to target high at 1649/50 that must hold, and support at 1607 below would target 1584/85 changing trend direction, break below would target 1560
We have 2 Important News Releases today for the Sterling & Dollar Currencies:
- UK Manufacturing PMI: Buy Gbp/Usd if 53 or above while sell if below 50
- US ISM Manufacturing PMI: Buy Usd/Chf & Usd/Jpy if 57 or above while Buy Euro/Usd & Gbp/Usd if 53 or below
*** To keep enlightening from time to time at this news release stratgey, friday great success was the "US Advance GDP", as you remember well the signal was Buy Euro/Usd & Gbp/Usd if 1.3% or below(or vice versa by selling Usd/Chf & Usd/Jpy), and the news release number came out exactly at 1.3% and all traders remember how both pairs spiked up while Usd/Chf & Usd/Jpy collapsed down..
**The market seem to be kidding me.., after Debt Ceiling deal had been announced by US President Obama, a shy power had been realized for the dollar currency especially for Usd/Jpy & Usd/Chf pairs with also Gold collapsing but then market retraced to be currenctly in a moderate status after traders & investors are waiting for a more serious clear end of this saga with a vote...
Honestly, the dollar must keep powering as started at today market open, called safe haven currencies as Chf, Jpy & also Gold might start loosing strength but maybe not dramatically till the US leaders stop playing this chicken game, playing with the whole global economy and acting as kids that can't union to solve their problem.
I believe that trust isn't found yet in a dollar keep powering until US Leaders act seriously with definite actions that must be appearing soon..
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 2nd August 2011:
Short Term Signals:
Usd/Chf Buy 0.7680/85 then 0.7610/15 then 0.7500/05, sell 0.7985/90 then 0.8060/65 then 0.8170/75
Usd/Jpy Buy 75.95/00 then 75.40/45 then 74.55/60, sell 78.35/40 then 78.90/95 then 79.80/85
Gbp/Usd Buy 1.6155/60 then 1.6095/00 then 1.5955/60, sell 1.6480/85 then 1.6570/75
Euro/Usd Buy 1.4095/00 then 1.4025/30 then 1.3865/70, sell 1.4460/65 then 1.4560/65
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, new hsitoric low that was compatible with our yesterday short term buy signals for this pair, today low is at 0.7790 below would target yesterday low price then if breaks might target today short term buy signals, retracement is at 0.7890/00, break is to 0.8010/20, above here would target 0.8140/50
Usd/Jpy This pair is still on downtrend, retracement is at 77.45/50, break is to 77.85/90, a base above here would target 78.80/90 then 79.30/40, while low is at 76.30/40, below might target our short term buy signals.
Euro/Usd This pair based on downtrend today, below retracement at 1.4300/10, with low resistance might be forming at 1.4260, targetting as low as 1.3980/90, while above retracement is to 1.4345/50 then 1.4450/60
Gbp/Usd This pair is looking to base on downtrend today, if keeps the base below 1.6320/30, targetting 1.6170/80, below here would more power the new trend to target our short term buy signals, while above 1.6320/30 that would form retracement later on if kept holding now, might target high at 1.6490/00
Usd/Cad This pair is still on uptrend, retracement is at 0.9530/40, break is to 0.9490/00, below here might target low price level at 0.9400/10 while front support forming at 0.9550, above is to 0.9600/10, break here would more power the trend targetting 0.9660/70 then 0.9700/10
Nzd/Usd This pair is still on uptrend, but with bearish daily candle formed might lead to change of direction, retracement is at 0.8740, break is to 0.8680/90, below would change trend direction by targetting 0.8520/30, while kept above retracement mgiht target 0.8890/00
Euro/chf This pair is still on downtrend, low is at 1.1130/40, below might retest yesterday low at 1.1020/30 but must hold above 1.1000 psycological level, retracement is at 1.1290/00, break is to 1.4490/00 then 1.1610/20
Euro/Gbp This pair is still on downtrend, targetting low at 0.8680/90, retraceemnt at 0.8760, break is to 0.8790 then 0.8810/20 but 0.8860/70 must hold.
Aud/Usd This pair is still on uptrend but might change this view today, retracement is at 1.0970, break is to 1.0910/20, below here would target 1.0800/10, while high is at 1.1070/80
Gbp/Chf This pair is still on downtrend, retracement is at 1.2890/00, break is to 1.3070/80, above is to target 1.3170/80, while 1.790/00 might be forming a low resistance, kept basing below might retest yesterday low at 1.2580 but must filter holding above 1.2500 psycological level.
Euro/Jpy This pair is still on downtrend, low is at 109.00/05, retracement at 110.90, break is to 111.70/80 then 112.40/50 and possibly 113.20/30 & 113.50/60
Gbp/Jpy This pair is still on downtrend, low at 125.40/50, retracement at 126.50/60, break is to 127.00/10 then 127.50/60 and possibly 128.40/50
Gold fell down then came up to open today daily candle & base above today retracement at 1618, to target 1631/32, above would more power uptrend to target 1649/50, while below retracement is to target 1612, below here would target as low as 1590.
Oil is still on downtrend, low is at 93.50/60, retracement is at 95.00, break is to 95.20, above would target 95.50/60, a base above here would chnage trend direction to possibly target 96.10/20
***House Approved the US Debt Ceiling Deal but it seems that traders & investors still not optimistic about this deal to be US solution of a bigger consistent problem, and after this saga ended there would be focus at crucial coming news releases for the dollar currency as the US NFP on friday, after bad numbers for yesterday "US ISM Manufacturing PMI" which came out as compatible with yesterday news release signal for this news, more weakening the dollar & directly effected Usd/Jpy & Usd/Chf pairs with new historic low for the later and a retest near previous historic low for the first.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 3rd August 2011:
Short Term Signals:
Usd/Chf Buy 0.7510/15 then 0.7460/65 then 0.7300/05, sell 0.7830/35 then 0.7935/40 then 0.8010/15
Usd/Jpy Buy 76.65/70 then 76.40/45 then 75.90/95, sell 77.80/85 then 78.15/20 then 78.50/55
Gbp/Usd Buy 1.6215/20 then 1.6175/80 then 1.6130/35, sell 1.6360 then 1.6385/90 then 1.6445/50
Euro/Usd Buy 1.4115/20 then 1.4080 then 1.4005/10, sell 1.4295/00 then 1.4340/45 then 1.4405/10
Medium Term Daily Strategy:
Usd/Chf This pair is still on downtrend, low resistance is at 0.7670, retracement is at 0.7760/70, break is to 0.7940/50 then 0.8095/00 must hold and change trend direction, while below yesterday historic low is to our short term buy signals for this pair.
Usd/Jpy This pair is still on downtrend, retracement is at 77.35/40, break is to 77.70, a base above here would target 78.60/70, while low is at 78.30/40
Gbp/Usd This pair is still on downtrend after holding yesterday as expected at 1.6320/30, retracement is at 1.6300/05, break is to 1.6330 above here might target 1.6470/80, while continuation of trend is to 1.6190/00 then 1.6130, below would extend weakness and more power the trend.
Euro/Usd This pair is still on downtrend despite going upward due to bad US News Release Data after a big fall to the downside, but then collpased down again closing lower, below retracement at 1.4245/50, break is to 1.4335/40 then 1.4450/60 must hold while continuation of new trend might target as low as 1.3970/80 with some support around 1.4000/10
Usd/Cad This pair is still on uptrend, retracement is at 0.9570/75, break is to 0.9550 then 0.9510/15, below might target 0.9480/90, while high is at 0.9690/00
Nzd/Usd This pair is on downtrend today as expected yesterday with breakouts & bearish daily candle formed, retracement is at 0.8680/90, break is to 0.8780/90, while continuation of new trend is to target 0.8540/50 then 0.8410/20.
Euro/Chf This pair is still on downtrend, low resistance is at 1.0940/50, retracement is at 1.1060/70, break is to 1.1390/00 then 1.1540 must hold(if reached), while I'll not target new historic lows.
Euro/Gbp This pair is still on downtrend, retracement is at 0.8740, break is to 0.8780 then 0.8795/00 must hold while low is at 0.8680 below here would extend weakness possibly to target 0.8650/60 then 0.8610/20 must hold.
Gbp/Chf This pair is still on downtrend, low resistance is at 1.2560/70, retracement is at 1.2660/70, break is to 1.2960/70 but 1.3110/20 would hold (if reached), while I'll not target new historic lows.
Aud/Usd This pair is on downtrend as expected yesterday with successful breakout strategy, today retracement is at 1.0845/50, break is to 1.0900, low resistance is at 1.08000, low support price level is at 1.0540/50 with support at 1.0610/20 on the down way.
Euro/Jpy This pair is still on downtrend, retracement is at 110.20/30 break is to 111.40/50 then 112.00/10, while low is at 108.70/80
Gbp/Jpy This pair is still on downtrend, retracement is at 126.10/20, break is to 126.90/00 then 127.30, while low is at 125.30 below is to 124.10/20
Oil is still on downtrend, retracement at 94.70, break is to 97.00/10, while low resistance is at 93.50, and low support price level is at 92.00/05, below here is to 91.40/50 then must filter around 90
Gold is still on uptrend with new historic high, but must find resistance today at 1662/63, above here would more power the trend but I'll not target any new historic high for today as I see it unexpected, retracement at 1640, break is to 1621/22 then below must hold around 1600.
*** The forex market had been hit hard by the Safe Haven trading by traders & investors seraching for a safe currency which is Chf, and also Gold with Yen too but fears of intervention due to Japanese Finance officials warnings is keeping yen pairs at reasonable price levels with no further collapse as Chf pairs are madly moving with around 1000 pips in few days for Euro/Chf & Gbp/Chf and Usd/Chf around 500 pips that mainly have lower daily price range. Anyway, no logical daily price range movement for Chf pairs recently.
This situation for Chf pairs isn't looking to finish soon, Swiss National Bank is waving with some warnings from time to time to not say more than that..or you know I'll say it, they are like a dog that keeps barking with no action because they can do nothing no weapon as intervention.
We have important news releases for the dollar today and at friday but as always I am not optimistic of the US Growing Economy but maybe.. Usd/Chf & Usd/Jpy are mainly leading other chf and yen pairs direction, powering the yen and chf when dollar weaken, so any spike for both pairs would take the others with it weakening yen and chf currencies to favor the dollar currency that was named as a safe haven currency not a far time backward but now it's named a *** enoguh for today.
I advice traders to bet on buying yen pairs at good low prices because intervention is always a BOJ weapon that was succesfully always used previously, and stay away of chf pairs for now unless Usd/Chf targetted low levels as our short term buy signals. Until the US Economical news releases as ADP & NFP today & friday power the dollar or the US Leaders find a clear solution for their country long problems, instead of Treasury Secretary Timmothy Geithner thinking how he can do his job well, he's now thinking about if now is the right decision to retire or not, well nobody would cry if you retire Geithner becasue there's not a worse person for this job as you and Bernanke for the Fed's Job.
Despite Moody & Fitch rating agencies maintaining the US Rating for now after a debt deal had been reached but it seem that it not enough to power the dollar despite there were talks about possible powering for this currency if rating is maintained but it seem economical news releases would be seen and focused at as crcial in these end days of this week for clear decision, or there would not be other solution but intervention by the Big Countries Central Banks to stabilize the forex market prices as had been done after Japan Earthquake with above 500 pips spiking. On the other hand, Mr. Ben Genius must not talk for a while and keep his QE3 remarks for himself & in his shelf.
We have 3 Crucial News Releases today for the Sterling & Dollar Currencies:
- UK Services PMI: Buy Gbp/Usd if 55 or above while sell if 51 or below
- ADP Non-Farm Employment Change: Buy Usd/chf & Usd/Jpy if 150K or above while Buy Euro/Usd & Gbp/Usd if 70K or below
- US ISM PMI: Buy Usd/Chf & Usd/Jpy if 55 or above while Buy Euro/Usd & Gbp/Usd if 51 or below
Have A Great Trading Day
Hello Traders,
Forex Signals & Daily Analysis for 4th August 2011:
Short Term Signals:
Usd/Chf Buy 0.7575/80 then 0.7515/20, sell 0.7820/25 then 0.7875/80 then 0.7970/75
Usd/Jpy Well, after Intervention there would not be sell signals for today but only buy signals that might or not be targetted, Buy 78.00 then 77.70 then 77.45/50
Gbp/Usd Buy 1.6265/70 then 1.6185/90 then 1.6125/30, sell 1.6510/15 then 1.6550/55
Euro/Usd Buy 1.4145/50 then 1.4065/70 then 1.3990/95, sell 1.4420/25 then 1.4470/75
Medium Term Daily Analysis:
Usd/Chf It seem that the SNB was well reading my post yesterday and had cut rates to weaken the Swissie which led to a big spike in all chf pairs as Gbp/Chf & Euro/Chf around 300 pips while 100 for Usd/Chf and others..
This pair is trying to break upward to base on uptrend, if bases above 0.7780 targetting 0.7900/10 then 0.8060/70, while low is at 0.7650/60
Usd/Jpy I provided traders yesterday with a clear helpful advice to keep buying yen pairs at low levels, Hopefully all or some traders took the advice seriously and bought this and other yen pairs to wake up today at intervention with big money gains.
This pair certainly based on uptrend, above retracement at 77.70/80, targetted 78.60 then might target as high as 80.50/60 but must hold at 80.90/00 while do not seem to have lower price than retracement at least for today.
Euro/Usd This pair is still on downtrend despite again retracing upward but collapsing down again from expected price level at around 1.4340 that was a successful breakout stratgey for yesterday, would find support at 1.4250 today, break would extend weakness to 1.4140/50, break here would target our short term buy signals for this pair, while on the upside might retest 1.4360/70 if bases aagin above 1.4280 then 1.4340, above said retest is to our short term sell signals.
Gbp/Usd This pair is moving sideways waiting for Crucial news release that I'll talk about later on(at the end), below 1.6350/60 would fast collapse targetting our short term buy signals, while high is at 1.6540/50 despite that I do not see sterling can power to reach there but everything is possible espeiclaly with crucial news releases.
Usd/Cad This pair still on uptrend, targetting high at 0.9700/10, retracement is at 0.9600/10, break is to 0.9540/50
Nzd/Usd This pair still on downtrend, targetting 0.8430 then 0.8310/20, retracement is at 0.8670/80
Euro/Gbp This pair is still on downtrend, but low is highering to 0.8700 below would extend weakness, retracement is at 0.8740, break is to 0.8770/80, a base above here would target 0.8850/60
Gbp/Chf This pair is looking to break to the upside if bases above 1.2710 targetting 1.2920/30 then 1.3080/90, while low is at 1.2570/80
Aud/Usd This pair is still on downtrend, targetting 1.0610/20 then possibly 1.0530/40, retracement is at 1.0790/00, break is to 1.0880/90
Euro/Chf This pair is looking to break to the upside today, if bases above 1.1120 targetting 1.1340/50, break is to 1.1490/00, while low is at 1.0950/60
Euro/Jpy This pair is certainly on uptrend after intervention, based above retracement at 111.50 and front support at 112.00/10 targetting 114.30/40 then possibly high at 116.00/10
Gbp/Jpy This pair with same scenario, based above retracement at 127.00 and front support at 127.30/40 possibly targetting high at 131.50/60
Gold is still on uptrend, hit another new historic high but I'll not target new highs for today other than 1669/70, retracement is at 1650, break is to 1629/30 then if possibly broke below would target 1605/06
Oil is still on downtrend, targetting 90.40/50 then 89.70/80 then 88.20/30, low resistance might be forming at 92.00/10 if price kept falling down, retracement is at 93.30/40, break above would hold at 96.00/10
We have 3 Crucial News Releases today for the Sterling & Euro Currencies:
- UK BOE Rate Decision: Buy Gbp/Usd if 0.75% while sell if 0.25%, if kept the same at 0.50% would focus at MPC Statement.
- ECB Rate Decision & Press Conference: Interest rate is expected to stay at 1.5%, ofcourse if increased to 1.75% then you buy Euro/Usd while if decreased to 1.25% then you sell this pair, but Trichet talks would have more influence to decide Euro Currency Strength or weakness
Have A Great Trading Day