Forex Buy & Sell Trading Signals - page 6
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Hello Traders,
Forex Signals & Daily Analysis for 11th August 2011:
Short Term Signals:
Usd/Chf Buy 0.7155/60 then 0.7105/10 then 0.7030/35, sell 0.7360/65 then 0.7405/10 then 0.7485/90
Usd/Jpy Buy 76.15/20 then 75.85/90 then 75.35/40, sell 77.45/50 then 77.75/80 then 78.25/30
Euro/Usd Buy 1.4055/60 then 1.4005/10, sell 1.4385/90 then 1.4485/90
Gbp/Usd Buy 1.6025/30 then 1.5980/85, sell 1.6320 then 1.6405/10
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, low is at 0.7180/85 break would extend weakness to our short term buy signals for this pair, retracement at 0.7350, break is to 0.7550/60, above would target 0.7840/50
Usd/Jpy This pair is still on downtrend, low is at 76.20/30, break is to our short term buy signals, retracement is at 77.10/20, break is to 77.40 then 77.90/00 then 78.40/50
Euro/Usd This pair is on downtrend, low is at 1.4030/40, retracement is at 1.4210/20 break is to 1.4240/50 then 1.4270/80, above would target 1.4340/50
Gbp/Usd This pair is on downtrend, targetting low at 1.6050, below is to our short term buy signals, retracement at 1.6210/20, break is to 1.6270/75 then 1.6295/00
Usd/Cad This pair is still on uptrend, high is at 0.9970/80 above would extend gains while retracement is at 0.9880/85, break is to 0.9750/60
Nzd/Usd This pair is still on downtrend, forming low resistance at 0.8120/30, retracement at 0.8210/20, break is to target 0.8330/40 then possibly 0.8440/50(if reachable), while on the downside as continuation of downtrend would target 0.7920/30 then possibly 0.7840/50
Euro/Chf This pair is still on downtrend, low is at 1.0200/10 break would extend weakness but would filter above 1.0000 psycological level(if reachable), retracement at 1.0450/60, break is to 1.0760/70
Euro/Gbp This pair is still moving sideways but on uptrend basis, retracement is at 0.8760/70, break is to 0.8730/40, below might target low at 0.8760/70 while above is to face resistance at 0.8820/30 then 0.8840/45 then 0.8860/70
Gbp/Chf This pair is still on downtrend, 1.1690/00 would form a low resistance if price kept collpasing below here or would become low price level support if kept basing above, retracement is at 1.1920/30, break is to 1.2320/30
Aud/Usd This pair is still on downtrend, low price level is at 1.0110/20, below would turn this level to low resistance if price collapsed below, retracement at 1.0250/60, break is to 1.0520/30
Gbp/Jpy This pair is still on downtrend, low resistance formed at 124.40/50, break is to retracement at 125.00/10, break is to 126.10/20 then 126.80/90 must mainly hold
Euro/Jpy This pair is still on downtrend, low resistance is forming at 108.70 that would turn to low support if price based above, break is to retracement at 109.50/60, break is to 110.10/20 then above here must hold at 111.20/30
Oil is still on downtrend, low is at 79.50/60 below would target 79.15/20 then 77.85/90 then 76.25/30, while retracement is at 82.40/50 break is to 87.60/70
Gold is still on powerful uptrend with always new historic highs, high support is at 1775/76, break is to target retracement at 1760/61, break is to 1693/94, while more historic high are at 1822/23 then 1835/36 then possibly 1874/75
We have 2 News Releases today for the Loonie & Dollar Currencies that do not have such big impact but might somehow effect the market movement & good to at least focus at:
- Cad Trade Balance: Buy Usd/Cad if -0.10B or more worse while sell if better than -0.8B
- US Trade Balance: Buy Usd/Chf & Usd/Jpy if better than -47B while Buy Euro/Usd & Gbp/Usd if more worse than -49B
- Unemployment Claims: Buy Usd/Chf & Usd/Jpy if below 400K while Buy Euro/Usd & Gbp/Usd if above 410K
*** The Market is now at standby regarding the Chf pairs after Swiss National Bank Intervention to stop its currency from more powering- which leads to increase in prices of Swiss products meaning decrease of sales leading to a weaker economy...
Besides, Traders are somehow confused about the FOMC Statement that kept rates low till Mid-2013 but at same instant didn't mention QE3 despite other words in statement might lead to such conclusion but still not clear language besides 3 Fed Members: Fisher, Plosser & Kocherlakota dissented themselves from this FOMC Statement decision which is the the highest number of dissents since November 1992 and is worth to focus at the background or coming effects of such action.
The Yen Currency is kept powering then weakening with consistent pull & push bt. the BOJ and traders who are finding it exciting to gain quick money by buying on dips then selling at top after Intervention, nothing would change this but a clear economical step or decision by the big countries.
Have A Great Trading Day
Hello Traders,
Forex Signals & Daily Analysis for 12th August 2011:
Short Term Signals:
Usd/Chf Buy 0.7235/40 then 0.7060/65, sell 0.7850/55 then 0.7960/65
Usd/Jpy Buy 76.15/20 then 75.80/85 then 75.40/45, sell 77.40/45 then 77.70/75 then 78.15/20
Gbp/Usd Buy 1.6120/25 then 1.6065/70 then 1.6020/25, sell 1.6295/00 then 1.6320/25
Euro/Usd Buy 1.4090/95 then 1.4020, sell 1.4350/55 then 1.4400/05
Medium Term daily Analysis:
Usd/Chf This pair is starting today a base on uptrend if kept the base above retracement at 0.7570, break is to 0.7510/20, while on the upside is to target 0.7830/40 then possibly 0.8020/30
Usd/Jpy This pair is still on downtrend, retracement is at 77.00/05, break is to 77.40 then 77.80/90 then 78.50/60, while low is at 76.20
Gbp/Usd This pair is still on downtrend, retracement is at 1.6240/50, break is to 1.6280/90, above here would target 1.6330/40, while low price level is at 1.6070/80
Euro/Usd This pair is still on downtrend, below retracement at 1.4240/50 targetting low at 1.4050/60, while above retracement is to 1.4270/80 then above here is to 1.4340/50
Usd/Cad This pair is still on uptrend but might change this view if bases below retracement at 0.9860, targetting 0.9780 then possibly to 0.9660/70, while high is at 0.9980/90
Nzd/Usd This pair is still on downtrend, trying to base above but failing, retracement at 0.8270, break is to 0.8410/20 then possibly 0.8520/30, while low is at 0.8120/30
Euro/Chf This pair is trying to base on uptrend if kept the base above retracement at 1.0770/80, break is to 1.0690/00, while on the upside to target 1.1180/90 then possibly to 1.1400/10
Euro/Gbp This pair is moving sideways after failing to keep the uptrend base, below retracement at 0.8770 to target 0.8730/40 then break here might target 0.8670/80, while above retracement is to target 0.8800/05 then 0.8820 then 0.8840/50 and possibly 0.8860/70
Gbp/Chf This pair is trying to base on uptrend if kept a base above retracement at 1.2330 break is to 1.2200/10, while on the upside would be targetting 1.2740/50 then possibly 1.2940/50
Aud/Usd This pair is still on downtrend, trying to base above but failing, retracement at 1.0310/20 if bases above would target 1.0470/80 then possibly 1.0630/40, while below might target low price level at 1.0110/20
Gbp/Jpy This pair is still on downtrend, retracement at 125.00/10, break is to 126.00/10 then 126.60/70 then possibly 127.20/30, while low is at 124.10/20, below might retest 123.40/50
Euro/Jpy This pair is still on downtrend, retracement at 109.50/60, break is to 110.10/20 then 111.00/10, while low is at 108.50/60
Oil is trying to base on uptrend, would succeed if kept the base above 84.20/30 targetting 86.95/00, a break above here might target 92.50/60, while would target low at 79.50 if broke below 84.20/30
Gold is still on uptrend, retracement at 1750/51, break is to 1702/03 and base on downtrend, high is at 1780/81
*** It seem that Swiss National Bank had set a low price level limit for Chf pairs by intervention then the fear surrounding the idea as Bank Of Japan had done.
For example: above 0.70 for the Usd/chf, Above 1.000 for Euro/Chf & Above 1.1500 for the Gbp/Chf. How much market prices for those pairs would keep spiking upward as had done yesterday is not yet clear, especially with talks that G7 might consider intervention by many Big Central Banks as had done after Japan Big Crisis(tsunami, earthquakes, nuclear problem..), if market prices are kept at low price levels..
This movement might also be as a breath before a new collpasing cycle but what I believe is that those pairs had made its historic lows and price might keep playing in this range or spike to the upward later on as the Global Economy recover slowly in coming months, ofcourse with the help of big countries officials nad their coming economical decisons, but ofcourse not as the Fed and its Ben Genius mad decisions but as some say "maybe after anything bad there's something good"
Maybe after Fed Chairman threw his keep low rates till Mid-2013 & unclear about QE3 besides 3 Fed Members dissents, ofcourse with SNB clear warning of low price levels and stepping in by intervention, the market had absorbed the big shock of the Fed Decision by seeing it as the worst that could happen later on.. Well, maybe the wrong decision(might be seen as clever and smart later on) by the Fed Chairman showing the market the worst decision, he might have ended such collapses in the forex market and based a new era of low limit levels and a further long term uptrend basis.
Lets wait and see what coming weeks and months are hiding for us, then we'll judge if this decison was right or not, ofcourse in terms of the long term forex market view..
We have an Important News Release today for the Dollar Currency:
- US Core Retail Sales: Buy Usd/Chf & Usd/Jpy if 0.3% or above while Buy Euro/Usd & Gbp/Usd if below -0.1%
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 15th August 2011:
Short Term Signals:
Usd/Chf Buy 0.7560/65, sell 0.7885/90 then 0.7910/15 then 0.8095/00
Usd/Jpy Buy 76.35/40 then 76.20/25 then 75.95/00, sell 77.05/10 then 77.25/30 then 77.45/50
Euro/Usd Buy 1.4135/40 then 1.4085/90 then 1.4020/25, sell 1.4330/35 then 1.4370/75 then 1.4445/50
Gbp/Usd Buy 1.6160/65 then 1.6105/10, sell 1.6360/65 then 1.6395/00
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend started past friday, targetting 0.8000 then possibly 0.8160/70, front support( or could turn to resistance if price based below) is at 0.7820, retracement is at 0.7660, break is to 0.7580/85
Usd/Jpy This pair is still on downtrend, low is at 76.20, retracement at 76.90/00, break is to 77.30/40 then 77.70, above here is to target 78.50/60
Gbp/Usd This pair is moving sideways but with downtrend basis, moving bt. resistance at 1.6290/00 break might target our short term sell signals, and support at 1.6260 break is to around 1.6200, a base below would target 1.6120/30
Euro/Usd This pair is moving sideways with downtrend basis, moving bt. resistance 1.4290/00 break is to 1.4340/50, then to our shoert term other 2 sell signals, and support at 1.4230/40 break is to our short term buy signals and low is at 1.4080/90
Usd/Cad This pair is still on uptrend, retracement at 0.9860/70, break is to 0.9810/15, high is at 1.0010/20
Nzd/Usd This pair is still on downtrend, but would move today bt. resistance at 0.8370/80 break is to 0.8450/60 then 0.8520/30, and support at 0.8290/00 break is to 0.8130/40 low price level
Euro/Chf This pair is still on uptrend started past friday, front support (or could turn to resistance if price based below) at 1.1170/80, retracement at 1.0910/20 break is to 1.1800/10, on the upside to target 1.1370/80 then possibly 1.1410/20
Euro/Gbp This pair is moving sideways, bt, resistance at 0.8770 break is to 0.8790/00 then 0.8820, and support at 0.8730/40 break might target low price level at 0.8770/80
Gbp/Chf This pair is still on uptrend started past friday, front support formed at 1.2740/50, above is to target 1.2920/30 then 1.2950/60, retracement at 1.2460/70 break is to 1.2360/70
Aud/Usd This pair is still on downtrend, but would move bt. resistance at 1.0420/30, break is to 1.0630/40, and support at 1.0330/40, break might target low price level at 1.0090/00
Gbp/Jpy This pair is still on downtrend, would move bt. resistance at 126.00 break is to 126.60/70 then possibly 127.10/20, and support at 125.00/10 break might target low at 124.00/10
Euro/Jpy This pair is still on downtrend, would move bt. resistance at 110.10/20 break is to 111.00/10, and support at 109.50, break might target low at 108.40/50
Gold is still on uptrend, but might change this view if based below retracement at 1745 targetting 1713/14, while high is at 1787/88
Oil is still on downtrend, would move bt. resistance at 86.00/10 break might target 91.90/00, and support at 84.70/80, break might target low at 78.70/80
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 16th August 2011:
Short Term Signals:
Usd/Chf Buy 0.7720/25 then 0.7665/70 then 0.7540/45, sell 0.80005/10 then 0.8080/85 then 0.8170/75
Euro/Usd Buy 1.4250/55 then 1.4160/65 then 1.4075/80, sell 1.4560/65 then 1.4615/20
Gbp/Usd Buy 1.6255/60 then 1.6195/00 then 1.6135/40. sell 1.6465/70 then 1.6505/10
Usd/Jpy Buy 76.45/50 then 76.30/35 then 76.05/10, sell 77.15/20 then 77.35/40 then 77.60/65
Euro/Jpy Buy 109.55/60 then 108.90/95, sell 111.65/70 then 112.00/05 then 112.95/00
Gbp/Jpy Buy 125.00/05 then 124.55/60, sell 126.40/45 then 126.60/65 then 127.25/30
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend despite many sell orders triggered around psycological resistance 0.8000 price level that needs something(as intervention) more than only talks or verbal warnings by SNB to be broken then based above,
but still basing above front support at 0.7800 today, retracement at 0.7740/50, break is to 0.7600/10, while high is found at retest of 0.80000 break is to our other 2 sell signals for this pair.
Usd/Jpy This pair is still stuck in downtrend in tight price range with talks that BOJ might not intervene until below or around the 76.00 is hit, especially that other yen pairs had boosted & based above low price levels.
retraceemnt is at 76.90, break is to 77.30/40 ten 77.55/60, above is to target 78.30/40, while low is at 76.10/15
Gbp/Usd This pair is still moving sideways, opened on uptrend channel today after yesterday boost by Bad US Data News Release that was more bad than expected or forecasted, could had been a 2 sword market reaction as dollar powering(due to more bad than expected) as had been in some other situations but the market decided to weaken the dollar maybe due to big shock that economy is still in weakness in many categories.
According to my Analysis, market is just keeping this pair in recent sideways price movements with Crucial UK News Releases coming out today & tommorow, so this is just a defensive move for this pair to not collapse too much after expected bad coming UK News, meaning selling near 1.6400 would not lead this pair to dramatic weakness as selling around 1.6200 price level, with around 200 pips defensive price range had been formed.
So next fall if occured could be to the 1.6100 or little above level instead of 1.6000 or much below..
Today Retracement is at 1.6310/20, break is to 1.6260/70 then possibly 1.6210/20, while high is at 1.6470/80
Euro/Usd This pair is also on uptrend with overall sideways movement, with same scenario of defensive high price level before another disssapointment appear in the EuroZone if oocur and lead to another fall again, since US Data for yesterday was bad but not that crucial news release as others(NFP, CPI..) to lead to such huge boost of 200 pips for this pair.
Today high is at 1.4520/30, retracement at 1.4350/60 break is to 1.4310/20 then possibly 1.4270/80
Usd/Cad This pair is moving sideways, with possibility of downtrend start if based below 0.9820/30 targetting trio strong support levels at 0.9680/85 then 0.9660/65 then 0.9630/40, while on upside is to target 0.9890/00 then 0.9940/50
Nzd/Usd This pair moving sideways, below 0.8310/20 is to target 0.8240/50 then 0.8210/20 then possibly toward 0.8150/60, while above 0.8340/50 is to 0.8390/00 then 0.8440/50
Euro/Chf This pair is still on uptrend, front support at 1.1160/70, retracement at 1.1110/20, break is to 1.0860/70, while on the upside is to target 1.1520/30 then 1.1620/30 and possibly 1.1780/90
Euro/Gbp This pair is still moving sideways, but with uptrend channel basis above retracement at 0.8790 break is to 0.8770 then 0.8750, would face resistance at 0.8820, break is to 0.8835/40 then must hold at 0.8860/70
Gbp/Chf This pair is still on uptrend, front support at 1.2720/30, retracement at 1.2640/50 break is to possibly target 1.2410/20, while on the upside might target 1.3060/70 then 1.3160/70 then possibly 1.3300/10
Gbp/Jpy This pair is moving sideways, above resistance at 126.00/10 is to target 126.50/60 then possibly 127.20/30, and support at 125.50 below might target low at 124.00/10
Euro/Jpy This pair is moving sideways, bt. resistance at 111.00/05 break is to 111.60/70 then 112.00/05 and possibly 112.95/00, and support at 110.30/40 break might target low at 109.50 then possibly low at 108.50/60
Aud/Usd This pair is basing on uptrend above retracement at 1.0400/10 targetting strong resistance starting with 1.0635/40 ending at 1.0670/80, while below retracement is to target 1.0360/65 then 1.0290/00 and possibly 1.0230/40
Take Close focus at Aussie "Monetary Policy Meeting Minutes" that would surely mainly effect the currency and this pair.
Gold is still on uptrend, high is at 1804/05, retracement at 1755/56, break is to 1725/26
Oil is basing on uptrend, above retracement at 86.10/20 targetting 91.20/50 while below retracement is to target 0.8560/70 then break is to 84.30/40 then 84.00 must mainly hold
We have an Important News Release today for the Sterling Currency:
- UK CPI: Buy Gbp/Usd if 4.5% or above while sell if 4.1% or below
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 17th August 2011:
Short Term Signals:
Usd/Chf Buy 0.7785/90 then 0.7700/05, sell 0.8045/50 then 0.8085/90
Usd/Jpy Buy 76.60 then 76.50 then 76.35/40, sell 76.95/00 then 77.05/10 then 77.20/25
Euro/Usd Buy 1.4325/30 then 1.4290/95 then 1.4230, sell 1.4485/90 then 1.4525/30 then 1.4585/90
Gbp/Usd Buy 1.6320/25 then 1.6260/65 then 1.6200/05, sell 1.6535/40 then 1.6570/75 then 1.6665/70
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.7840/50, break is to 0.7790/00, below would target 0.7640/50, while on the upside would target our short term sell signals
Usd/Jpy This pair is still on downtrend, very tight daily price range for this pair, retracement at 76.80/90, break is to 77.25/30 then 77.45/50, above is to target 78.10/20, on the downside low is at 76.00/10
Gbp/Usd This pair is still moving sidways but with uptrend basis, exactly had hit retracement at 1.6310/20 then boosted to the upward to target exactly our high price level for yesterday at 1.6470/80, this level is a very crucial resistance that had been formed in previous 2 months and within many days.
Just some hours from UK MPC Meeting Minutes, there's a possibility of again collapsing from this level or breaking this level according to this news release.
Retracement is at 1.6380/85, break is to 1.6320/30, then below would target 1.6220/30 and low is at 1.6170/80, while hihg is at 1.6490/00, above is to our short term sell signals
Euro/Usd This pair is still moving sideways but with uptrend basis, retracement is at 1.4360/70 break is to 1.4310/20 then 1.4280/85 then 1.4260, below here would extend weakness, while high is at 1.4520/30
Usd/Cad This pair based again on downtrend below 0.9830/40, targetting 0.9680 then 0.9660 then 0.9640/50, while above 0.9850 is to target 0.9880/90 then 0.9910/20 then 0.9950/60
Nzd/Usd This pair is moving sideways, above 0.8320 might target 0.8500, while below might target 0.8140/50 then possibly 0.8100/10
Euro/Chf this pair is still on uptrend, retracement is at 1.1260/70, break is to 1.1160/70, below is to target 1.0920/30, while on the upside would target 1.1620 then 1.1690 then possibly 1.1890/00
Euro/Gbp This pair is still moving sideways, bt. resistance at 0.8760/70 break is to 0.8785/90 then 0.8820 then 0.8860 must hold, and support at 0.8750 break is to 0.8700/10 then 0.8670/80
Gbp/Chf This pair is still on uptrend, retracement is at 1.2840/50, break is to 1.2730/40 then possibly 1.2470/80, while on the upside would target 1.3280/90 then 1.3360/70 and possibly 1.3630/40
Aud/Usd This pair is still moving sdieways but on uptrend basis, after holding above yesterday retracement at 1.0400/10, basing today above retracement at 1.0430/40 break is to 1.0370/80, below is to target 1.0310/20
Gbp/Jpy This pair is trying to base on uptrend, above 126.00/10 to target 126.50/60 above here is to target 126.90 then 127.10/20 then possibly 127.90/00, while below 126.00/10 is to target 125.80/85 then below is to target 125.30/40 then 124.80/90 and possibly 124.40/50
Euro/Jpy This pair have same scenario, above 110.30/40 to target 110.90/00, break is to 111.20/30 then 111.50/60 then possibly 112.00/05, while below 110.30/40 is to target 109.90/00 then 109.60/70 and possibly 109.10/20
Oil is still basing on uptrend above retracement at 86.40 targetting 90.90/00, below retracement is to target 85.10/20 then 84.50/60 then 83.50/55
Gold is still on uptrend, high is at 1822/23, retracement at 1770/71, break is to 1740/41
We have a Very Important News Release today for the Sterling Currency:
- UK MPC Meeting Minutes: Buy Gbp/Usd if 3 Vote for Hike, while sell if 2 Vote for QE
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 18th August 2011:
Short Term Signals:
Usd/Chf Buy 0.7775/80 then 0.7715/20 then 0.7615/20, sell 0.8040/45 then 0.8105/10 then 0.8195/00
Usd/Jpy Buy 76.30 then 76.15/20 then 75.90/95, sell 76.85/90 then 77.00/05 then 77.20/25
Euro/Usd Buy 1.4290/95 then 1.4225/30 then 1.4130/35, sell 1.4550/55 then 1.4610/15
Gbp/Usd Buy 1.6340/45 then 1.6245/50 then 1.6150, sell 1.6675/90 then 1.6735/40
Euro/Jpy Buy 109.60/65 then 109.20/25, sell 111.25/30 then 111.60/65
Gbp/Jpy Buy 125.25/30 then 124.55/60, sell 127.60/65 then 128.00/05
Medium Term Daily Analysis:
Usd/chf This pair is still on uptrend, retracement at 0.7850/55 break is to 0.7770/80, below would target 0.7660/70, while on the upside would target our short term sell signals
Usd/Jpy This pair is still on downtrend, retracement is at 76.70, break is to 77.00/05 then 77.35/40 above would target 78.00, while low is at 75.90/00
Euro/Usd This pair still moving sideways with uptrend basis, high is at 1.4530/40, retracement at 1.4390/00, break is to 1.4310/20 then 1.4260/70, below here would extend weakness
Gbp/Usd This pair still moving sideways with uptrend basis, looking to reverse filtering below 1.6550, but if broke above might target our short term sell signals, retracement at 1.6450/60, break is to 1.6350/60 then below here would target 1.6260/70
Usd/Cad This pair is still moving sideways but with downtrend basis, below retracement at 0.9820 targetting 0.9690/00 then 0.9640/50, break above retracment is to 0.9840/50, above is to target 0.9880 then 0.9910/20
Nzd/Usd This pair still moving sideways with uptrend basis, above retracement at 0.8340/50 targetting 0.8490/00, while below retracement would target 0.8310/20 then a base below is to 0.8290/95 then 0.8250/60 nad possibly 0.8200
Euro/Chf This pair is still on uptrend, retracement at 1.1290/00, break is to 1.1140/50, below would target 1.0980/90, while on the upside is to target 1.1620 then 1.1720/30 and possibly 1.1890/00
Euro/Gbp This pair still moving sideways with downtrend basis, retracment at 0.8740/50 break is to 0.8770/80, above would target 0.8810/20, while low is at 0.8660/70
Gbp/Chf This pair is still on uptrend, retracement at 1.2910/20, break is to 1.2710/20 then below would target 1.2540/50, while on the upside to target 1.3320/30 then 1.3440/50 then possibly 1.3660/70(possible if intervention occur by SNB)
Aud/Usd This pair still moving sideways with uptrend basis, retracement at 1.0480/90, break is to 1.0390/00, while on the upside to taregt 1.0650/60, a base above would extend gains
Gbp/Jpy This pair still moving sideways with uptrend basis, above front support at 126.50 to target our short term sell signals, while retracement at 126.00/10. break is to our short term buy signals
Euro/Jpy This pair is still moving sideways, between resistance at 110.80/90, a base above is to our short term sell signals while below support at 110.30/40 is to target our short term buy signals
Oil still on uptrend, above rertacement at 86.90/00 targetting 90.40/50, while below is to target 85.20/30 and low is at 78.20/30
Gold is still on uptrend, retracement at 1778/79, break is to 1755, while high is at 1833/34
*** The Sterling Currency moved crazily yesterday, started normally with a collapse of around 100 pips after UK MPC Meeting Minutes bad data(from previously 2 voting for hike and 7 for hold current rates at 0.5%, to now 9 voting for hold at 0.5%), besides superbad Claimant Count Change & Unemployment news releases that came out as very bad from 7.7% to 7.9%.
But with all this bad picture of news releases for the sterling, this currency and mainly the Gbp/Usd surprisly boosted up around 200 pips, instead of normally with such bad conditions collapsing down as no pair have ever collapsed before...LOL
Even if some traders are waiting for today Retail News Release, dreaming of good data as also had been happening in past months for every MPC Meeting Minutes, the sterling powers in advance before data comes out due to illussions that MPC would raise rates and still nothing is becoming reality but only fantasies by some traders. Gbp/Usd spikes up to a degree that even any collapse that would occur afterwards with bad data release would not really drag this pair too much downward.
A clear Question to be asked, even if in best cases retail sales data today came out as good or even best, what about MPC 9 voting for Hold from 7 voting for hold and 2 for hike previously that might lead in next MPC Meeting Minutes to some voting for QE, with also bad unemployment badly at 7.9% from 7.7%, all these are not important but the nonsense retail sales(compared to the other 2 news releases), is this logical ?!! can someone help me understand..LOL
As I explained in previous posts that this pair is playing a defensive game, raising to the upward so any collapse later on would not drag it too much down, also being helped by a weak dollar and Chf weak situation(possible intervention by SNB who would mainly target a higher price for Euro/Chf in such movement), so some traders prefer turning from buying the Swissie to buying the Sterling & Euro with fears of weak US economic continuation and the Fed's Madness with possible QE3.
Anyway, these are such non understanding factors, unrealistic moves that occur sometimes in the forex market and we must always be ready for by protecting our take profit without being greedy and cutting our losses according to the situation we face as quick reversal appearing.
We have Important News Releases today for the Sterling & Dollar Currencies:
- UK Retail Sales: Buy Gbp/Usd if 0.5% or above while sell if 0.1% or below
- US Core CPI: Buy Usd/Chf & Usd/Jpy if 0.3% or above while Buy Euro/Usd & Gbp/Usd if 0% or below
- US Existing Home Sales: Buy Usd/Chf & Usd/Jpy if 5.10M or above while Buy Euro/Usd & Gbp/Usd if 4.70M or below
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 19th August 2011:
Short Term Signals:
Usd/Chf Buy 0.7840/45 then 0.7795/00 then 0.7735/40, sell 0.8020/25 then 0.8060/65 then 0.8130/35
Usd/Jpy Buy 76.35/40 then 76.30 then 76.15/20, sell 76.95/00
Gbp/Usd Buy 1.6405/10 then 1.6360 then 1.6300/05, sell 1.659/95 then 1.6630/35
Euro/Usd Buy 1.4220/25 then 1.4170/75 then 1.4070/75, sell 1.4465/70 then 1.4530/35
Euro/Jpy Buy 108.80/85 then 108.40/45 then 107.55/60, sell 110.80/85 then 111.35/40
Gbp/Jpy Buy 125.50/55 then 125.10/15 then 124.60/65, sell 127.10/15 then 127.40/45
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.7890/00, break is to 0.7760/70 then 0.7690/00, on the upside would target our short term sell signals
Usd/Jpy This pair is still on downtrend, low is at 75.90/00, retracment at 76.70, break is to 76.85/95, then to 77.25/30, above is to target 77.85/90
Euro/Usd This pair might start downtrend if bases below 1.4310 to target 1.4260/70, break here would extend weakness to our short term buy signals, while a base above 1.4310 is to taregt 1.4345/50, then a break above 1.4360 might target our short term sell signals and high is at 1.4520/30
Gbp/Usd This pair is still on uptrend basis, retracment at 1.6460 break is to 1.6360 then below would target 1.6260/70, while high is at 1.6550/60
Usd/Cad This pair is still moving sideways but based on uptrend, above retracement at 0.9860/70, targetting 1.0000 then possibly 1.00060, while a break below retracement would target 0.9720/30
Nzd/Usd This pair is on downtrend basis, retracement at 0.8270/80, break is to 0.8340/50 and high is at 0.8460, on the downside is to taregt 0.8150/60, below would extend weakness and might target low at 0.8030/40
Euro/Chf This pair is still on uptrend, retracement at 1.1320/30, break is to 1.1120/30the possibly toward 1.1020/25 while on the upside might target 1.1600/10 then possibly 1.1885/90
Euro/Gbp This pair is on downtrend basis, had hit our low target at 0.8660/70 for yesterday then moved upward, today retracement is at 0.8710/20 break is to 0.8740/50 then 0.8770, low is at 0.8640/50
Gbp/Chf This pair is still on uptrend, retracement at 1.2990/00, break is to 1.2700/10 then if breaks possibly toward 1.2600, while on the upside would target 1.3285/90 then 1.3360/70 if broke above 1.3160 then 1.3200/10
Aud/Usd This is still moving sideways but on the verge of basing on downtrendm if bases below 1.0380 targetting 1.0270/80 then 1.0220/30 then possibly 1.0100, while above resistance at 1.0400/10 would target 1.0590/00
Gbp/Jpy This pair is still moving sideways, but might base on downtrend if bases below 125.70 targetting 124.10/20, while above 126.00/10 is to target 126.40 then 126.70/80, above here is possibly to target 128.00/10
Euro/Jpy This pair moving sideways but based on downtrend, below 109.95/00, targetting low at 108.40/50, while above 110.00 is to target 110.60/70 above is to 111.00/10
Gold is still on uptrend, high is at 1859/60, retracement at 1806/07, break is to 1776/77
Oil reversed to downtrend, below retracment at 84.00/10, possibly targetting low at 76.70/80, while above retracement is to 87.10/20
We have an Important News Release today for the Canadian Dollar Currency:
- CAD Core CPI: Buy Usd/Cad if 0% or below while sell if 0.4% or above
Have A Great Trading Day
Hello Traders,
Forex Signals & Daily Analysis for 22nd August 2011:
Usd/Chf Buy 0.7755/60 then 0.7715/20 then 0.7625/30, sell 0.7965/70 then 0.8020/25 then 0.8085/90
Euro/Usd Buy 1.4240/45 then 1.4170/75 then 1.4090/95, sell 1.4505/10 then 1.4560/65
Usd/Jpy Buy 75.75/80 then 75.45/50, sell 77.15/20 then 77.50/55 then 78.00/05
Gbp/Usd Buy 1.6370/75 then 1.6330/35 then 1.6220/25, sell 1.6610/15 then 1.6680/85
Gbp/Jpy Buy 125.35/40 then 125.05/10, sell 126.85/90 then 127.25/30 then 127.70/75
Euro/Jpy Buy 109.05/10 then 108.55/60, sell 110.75/80 then 111.05/10 then 111.85/90
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.7860/70, break is to 0.7750/60 then 0.7720, while on the upside would target our short term sell signals
Usd/Jpy This pair is trying to reverse and base above 76.70 targetting 77.20, above would confirm the uptrend targetting oour other 2 short term sell signals, while below 76.70 is to retest friday & today's low price level at 75.90/00
Euro/Usd This pair is still moving sideways with uptrend basis, high is at 1.4520/30, break of 1.4360 is to 1.4340 then 1.4310/20, below is to target 1.4260/70, below here would extend weakness to our short term buy signals
Gbp/Usd This pair is still moving sideways with uptrend basis, high is at 1.6560/70, a base below 1.6460 is to target 1.6370/80, break is to 1.6280/90
Usd/Cad This pair is on uptrend basis, above retracement at 0.9880 targetting 1.000 then to as high as 1.0070/80, while break of retracement is to 0.9850/60 then below might target 0.9740/50
Nzd/Usd This pair is on downtrend, retracement at 0.8230/40 break is to 0.8270/80 then to 0.8340/50, while a base below 0.8160 might target as low as 0.8000
Euro/Chf This pair is still on uptrend, retracement at 1.1290, break is to 1.1100/10 then 1.1070/80, while on the upside is to target 1.1400/10 then 1.1450/60 then 1.1510/20
Euro/Gbp This pair is still on downtrend basis, retracement at 0.8725, break is to 0.8745/50 then 0.8765/70, abive might target 0.8810/20, while low is at 0.8650/60
Gbp/Chf This pair is still on uptrend, retracement is at 1.2950/60, break is to target 1.2870/80, below is to 1.2690/00 then 1.2640/50, while on the upside to target 1.3100/10 then 1.3190
Aud/Usd This pair is on downtrend basis, retracement at 1.0390/00, break might target 1.0570/80 then to hiold at 1.0630/40, while on the downside to target 1.0280/90 then 1.0230/40 then possibly toward 1.0150/60
Euro/Jpy This pair is still moving sideways, with uptrend basis above retracmeent at 111.00/10 but would face resistance at 111.50/60 break is to our short term sell signals, while below retracement might target our short term buy signals
Gbp/Jpy This pair is still moving sideways but with uptrend basis, above retracement at 126.20/25 targetting our short term sell signals while below might target our short term buy signals
Oil is still on downtrend, retracement at 83.00/10 break is to 84.20/30 above here might target as high as 88.30/40, while low is at 76.50/60
Gold is still on uptrend, high is at 1883/84 above would extend trend power toward 1889/90 then 1906/07 & possibly to 1934/35, retracement is at 1833/34 break is to 1792/93
*** This week would mainly start with continuation of sideways market movement(unless big shock or crucial news comes out as a suprise) as had been for past week with all waiting for "Jackson Hole Symposium" starting on thursday and most importantly is on friday Fed Chairman Bernanke(Mr. Ben Genius as you know) talks who all traders are waiting to see if he'll announce QE3 or not and what the dollar currency destiny would be after that date?!!
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 23rd August 2011:
Short Term Signals:
Usd/Chf Buy 0.7840/45 then 0.7810/15 then 0.7785/90, sell 0.7930/35 then 0.7945/50 then 0.7990/95
Usd/Jpy Buy 76.35/40 then 76.15/20 then 75.80/85, sell 77.25/30 then 77.50/55 then 77.80/85
Euro/Usd Buy 1.4310/15 then 1.4290/95 then 1.4235/40, sell 1.4430/35 then 1.4465/70 then 1.4495/00
Gbp/Usd Buy 1.6400/05 then 1.6380/85 then 1.6330/35, sell 1.6520/25 then 1.6550/55 then 1.6585/90
Euro/Jpy Buy 109.70/75 then 109.45/50 then 108.90/95, sell 110.95/00 then 111.30/35 then 111.65/70
Gbp/Jpy Buy 125.65/70 then 125.35/40, sell 127.30/35 then 127.75/80
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement is at 0.7880, break is to 0.7790/00 then 0.7750/60, while on the upside to target our short term sell signals
Usd/Jpy This pair is still basing on uptrend from yesterday after again opening today above 76.70, targetting 77.15/20, above would target our short term sell signals, while below might target low at 75.80/90
Euro/Usd This pair is still moving sideways, bt. resistance at 1.4370 break might target high at 1.4490/00, and support at 1.4330, break might target 1.4300 then 1.4280/90, below would extend weakness
Gbp/Usd This pair is still moving sideways, bt. resistance at 1.6470, break might target high at 1.6560/70, and support at 1.6390, break is to 1.6360/70 then 1.6300/10
Usd/Cad This pair is still basing on uptrend, above retracement at 0.9880 break is to 0.9860, a base below might target 0.9760/70, while on the upside to target 0.9950/55 then 0.9970/75 then if broke above 1.0000 to possibly target 1.0025/30
Nzd/Usd This pair is still on downtrend, retracement at 0.8245/50, break is to 0.8270 then above would target 0.8345/50 then possibly toward 0.8410/20, while low is at 0.8000 if first broke 0.8160/70 price level
Euro/Chf This pair is still on uptrend, retracement at 1.1320, break is to 1.1170/80 then possibly toward 1.1090/00, while on the upside to target 1.1415/20 then 1.1445/50 then possibly toward 1.1510/15
Euro/Gbp This pair is still on downtrend, retracement at 0.8730, break is to 0.8745/50, then 0.8760/70, a base above here might target 0.8810/20, while low is at 0.8660/70
Gbp/Chf This pair is still on uptrend, retracement at 1.2970/80, break is to 1.2770/80 then possibly toward 1.2680/90, while on the upside to target 1.3065/70 then 1.3100/05 then possibly toward 1.3170/75
Aud/Usd This pair is still basing on downtrend below retracement at 1.0410/20, break is to 1.0540/50 then a break above is to possibly target 1.0630/40, while on the downside to target 1.0335/40 then 1.0300/05 then possibly toward 1.0240/45
Euro/Jpy This pair is still moving sideways with uptrend basis, resistance is at 110.40/50, break is to our shirt term sell signals, and support at 111.00, break might target low at 108.80/90
Gbp/Jpy This pair is still moving sideways with uptrend basis, above retracement at 126.30 targetting our short term sell signlas while below would target support at 125.70/80, break is to target 125.30/40
Gold is still on uptrend, high is at 1916/17, above would target 1926/27 then possibly toward 1954/55, retracement at 1866/67, break is to target 1811/12
Oil is still on downtrend, but today squeezed bt. resistance at 84.90 break is to 87.80/90 then possibly toward 89.40/50, and support at 83.90/00, break is to target 81.30/40 then 79.80/90 then possibly toward 78.50/60
We have 2 Important News Releases today for the Canadian Dollar & the Dollar Currencies:
- CAD Core Retail Sales: Buy Usd/Cad if 0.1% or below while sell if 0.5% or above
- US New Home Sales: Buy Usd/Chf & Usd/Jpy if 320K or above while Buy Euro/Usd & Gbp/Usd if 300K or below
Have A Great Trading Day
Hello Traders,
Forex Signals & Daily Analysis for 24th August 2011:
Short Term Signals:
Usd/Chf Buy 0.7850/55 then 0.7820/25 then 0.7790/95, sell 0.7960/65 then 0.7980/85 then 0.8030/35
Euro/Usd Buy 1.4330/35 then 1.4280/85 then 1.4215/20, sell 1.4530/35 then 1.4575/80
Usd/Jpy Buy 76.30/35 then 76.20/25 then 75.95/00, sell 76.95/00 then 77.10/15 then 77.35/40
Gbp/Usd Buy 1.6410/15 then 1.6375/80 then 1.6305/10, sell 1.6585/90 then 1.6630/35
Gbp/Jpy Buy 125.85/90 then 125.65/70 then 125.20/25, sell 127.00/05 then 127.30/35 then 127.65/70
Euro/Jpy Buy 109.90/95 then 109.55/60 then 109.10/15, sell 111.30/35 then 111.60/65 then 112.15/20
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.7900, break is to 0.7860 then below to target 0.7740/50, while on the upside to target our short term sell signals
Gbp/Usd This pair is still moving sideways, below 1.6480/85 is to target 1.6430/35 then 1.6370/80 and possibly toward 1.6310/20, while high is at 1.6580/90
Usd/Jpy This pair is moving sideways, below 76.70 might target low at 75.80/90 with support of our short term buy signals on the way down, while above 76.70 is to target 77.05/10, above is to 77.40
Euro/Usd This pair is still moving sideways, below 1.4410 is to target 1.4370/75 then below is to 1.4300/10, while high is at 1.4510/20
Usd/Cad This pair is still moving sideways but with uptrend basis, above retracement at 0.9875 break is to 0.9850/60, below might target 0.9780/90, while on the upside to target 0.9915/20 then 0.9935/40 then 0.9965/70
Nzd/Usd This pair still moving sideways but with uptrend basis today, above retracement at 0.8300 break is to 0.8170/80, high is at 0.8400/10, if broke above might target 0.8460 and hold.
Euro/Chf This pair is still on uptrend, retracement at 1.1380 break is to 1.1300 then below is to target 1.1090/00, while on the upside to target 1.1505/10 then 1.1540/45 and possibly toward 1.1625/30
Euro/Gbp This pair is moving sideways, above 0.8760/70 might target 0.8810/20, while below is to target 0.8740, break is to 0.8700, below here would target 0.8660/70
Gbp/Chf This pair is still on uptrend, retracement at 1.3020, break is to 1.2910/20, below is to possibly target 1.2680/90, while on the upside to target 1.2120/25 then 1.3150/55 and possibly toward 1.3215/20
Aud/Usd This pair is moving sideways, above 1.0530 is to target 1.0630/40, while below is to target 1.0470/80 then 1.0440/50 then possibly toward 1.0380/90
Euro/Jpy This pair is still on uptrend basis, retracement at 110.35/45, break is to 110.20 below might target low at 108.90/00, while high is at 111.70/80
Gbp/Jpy This pair is still on uptrend basis, retracement at 126.30 break is to 126.00, below might target our short term buy signals for this pair
Gold collapsed down from uptrend with some buyers taking profit at reasonable very overbought price level, today facing resistance at 1841/41, break might again rise it to high at 1908/09, while kept below resistance is to target 1808/09, a base below might target another collapse toward 1741/42
Oil reversed to uptrend basis targetting 87.20/30, above is to 87.45 then 88.20/25 and possibly toward 90.00/05, retracement at 85.30/40 break is to 84.80/90, below would target 83.35/40 then 82.15/20 then 81.00/05
*** For new traders introduced to my Forex Signals & Analysis, who would like to discover the profitability of the Short & Medium Term Daily Signals & Analysis, simply compare market prices at end of day or next day to my post info, because of lack of time for me to always give light to each pair successful gains of my previous day posts contents.
Always look for breakout, retracement, low, high price levels opportunities with my Medium Term Daily Analysis if you hadn't start the trend from the beggining or in current sideways market price movements. And much easier for my Short Term Signals to buy or sell according to my signal prices taking in consideration my rule for this stratgey(Read first posts).
I am recently posting my Forex Signals & Analysis Info in first few hours of a new day(around 2 to 3 hours after a new daily candle open), for daily traders who rely on bigger profits mainly using retracement, breakout, trend or even low & high (if market price is near there at open of new daily candle) strategies to better execute their orders at best prices(start of trend, breakout or bounce from retracement) at low volatility market before volatility becomes much high in later hours which results after in successful breakout, retracement... strategy results
Hopefully that is helping traders by giving them much more time to prepare their strategies & executions for the day.
Have A Great Trading Day