Forex Buy & Sell Trading Signals - page 8
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Hello Traders,
Forex Signals & Analysis for the 13th September 2011:
Short Term Signals:
Usd/Chf Buy 0.8735/40 then 0.8710/15 then 0.8625/30, sell 0.8915/20 then 0.8970/75 then 0.9010/15
Usd/Jpy Buy 76.60/65 then 76.30/35 then 75.90/95, sell 77.75/80 then 78.00/05 then 78.45/50
Euro/Usd Buy 1.3500/05 then 1.3420/25, sell 1.3775/80 then 1.3820/25 then 1.3945/50
Gbp/Usd Buy 1.5765/70 then 1.5725/30 then 1.5675/80, sell 1.5920/25 then 1.5950/55 then 1.6015/20
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.8730/40 break is to our other 2 short term buy signals, while high is at 0.8920/30, above is toward the other short term sell signals & powering the uptrend
Usd/Jpy This pair is stuck today bt. resistance at 77.25 break is toward high at 77.65/70 above here is to our short term sell signals for this pair, and support at 77.15 break is to 76.95 then below here would target our short term buy signals with low at 76.20/30
Euro/Usd This pair is still on downtrend, but might had formed a reversal point at 1.3495/00 which was our first short term buy signal for yesterday with a nice hammer bullish daily candle closed, today low is at 1.3640/50 break is toward our short term buy signals while retracement is at 1.3750/60 break is toward 1.3990/00
Gbp/Usd This pair is still on downtrend, with same scenario, today low is at 1.5760/65, retracement at 1.5895/00 break is toward 1.6020/30
Usd/Cad This pair is still on uptrend but with a bearish daily candle closed would wait and see what would happen later on, retracement at 0.9920 break is toward 0.9860/70 while high is at 0.9975/80 above here is again to target 1.0020/25
Nzd/Usd this pair is still on downtrend with possible reversal appearing after hitting yesterday low price level(Good buy) and spiking up, but must break today retracement at 0.8250/55 to confirm a reversal targetting 0.8335/40, while low is at 0.8100/10
Euro/Chf This pair is still on uptrend, nearing SNB pegging price level at 1.2000 so start buying at current price or at today retracement 1.2010/20, break is to 1.1900/10, while high is at 1.2300/10
Gbp/Chf This pair is still on uptrend, retracement at 1.3880/90, high is at 1.4150/60
Euro/Gbp This pair is still on downtrend with possible reversal point being marked & a hammer bullish daily candle formed, low is at 0.8595/00 break is to 0.8530/35, retracement at 0.8645/50 break is toward 0.8725/30 then possibly 0.8750/60
Aud/Usd This pair still on downtrend, low at 1.0290/00 break is toward 1.0250/60 then 1.0215/20, while retracement at 1.0420/30 break is to target 1.0490 then 1.0525/30 and 1.0545/50 must hold
Euro/Jpy This pair is still on downtrend, might had formed a reversal point with also a bullish hammer daily candle formed, but must break about low resistance at 105.65 to target retracement at 106.15/20 for us to start talking of possible confirmation of reversal point, then targetting 107.90/00, above here is toward 109.30/40, while on the downside to target 103.95/00 then possibly 103.20/25
Gbp/Jpy This pair is still on downtrend, with same scenarion after hitting our yesterday lowest possible price level at 121.35/40(Good Buy), today low is at 122.10/15, a base below is toward 121.10/15 then possibly 120.50/55, while retracement at 122.75/80 break is to 123.60/70, above here would target 124.80/90
Oil is kept moving sideways, above 88.20 is toward high is at 91.10/20 while below is to 87.75/80 break is toward 86.55/60 then possibly to target 85.30/35
Gold is on downtrend today, below retracement at 1832/33, break is to 1848/49, above here is to 1863/64, while on the downside to target low at 1757 with support on the way as 1780 and 1764/65
We have an Important News Release for the Sterling Currency today:
- UK CPI: Buy Gbp/Usd if 4.7 or above while sell if 4.3 or below
*** As you traders realize that Euro pairs had formed a possible reversal, lets see if that would turn into confirmation today for them ride on the uptrend for the coming days of this week.
Besides, keep focus at Euro/Chf pair nearing SNB 1.2000 price level, buy from now or at today retracement price level because you are just now 30 to 40 pips far of 1.2000 which is a very small SL looking at 1.2000 would not be penetrated or if some traders liked to test the SNB will, going to test that level, it would be tested many many times before a possible penetration occur if it does occur later on and SNB would act too to such penetration, so you would have bought many times around 1.2000 price level if it satys long there as doing currently around the 1.2030/40 price
Also, BOJ might have a word due to yen pairs currently at historic low prices, and also an intervention by SNB would help yen pairs directly boost upward especially Euro/Jpy because SNB would mainly be buying Euro to boost Euro againt the Chf Currency.
Have A Great Trading Day
Hi Traders,
Forex Signals & Analysis for the 14th September 2011:
Short Term Signals:
Usd/Chf Buy 0.8725/30 then 0.8680/85 then 0.8625/30, sell 0.8890/95 then 0.8930/35 then 0.8985/90
Usd/Jpy Buy 76.65/70 tahen 76.50/55 then 76.25/30, sell 77.25/30 then 77.40/45 then 77.60/65
Euro/Usd Buy 1.3540/45 then 1.3475/00, sell 1.3785/90 then 1.3835/40 then 1.3935/40
Gbp/Usd Buy 1.5715/20 then 1.5690/95 then 1.5625/30, sell 1.5865/70 then 1.5905/10 then 1.5950/55
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.8760/65, break is to 0.8480/90, while high is at 0.9000
Usd/Jpy This pair is on downtrend basis today but Generally moving sideways, low is at 76.20/30, above 76.95/00 is to target 77.10/15, above is toward high at 77.60/70
Euro/Usd This pair is still on downtrend, low is at 1.3570/80, retracement at 1.3720/30, break is to target 1.3920/30
Gbp/Usd This pair is still on downtrend, low is at 1.5690/00, retracement at 1.5835/40, break is to 1.5965/70
Usd/Cad This pair is on downtrend basis today after past 2 days big bearish candles, below 0.9880/90 targetting 0.9790/95 then 0.9765/70 then 0.9680/85, while above would target high at 0.9970/80
Nzd/Usd This pair is still on downtrend, low is at 0.8090/00, retracement 0.8235/40, break is toward 0.8300/10 then 0.8335/40 must hold
Euro/Chf This pair is still on uptrend, retracement is at 1.2020/25, break is to 1.1900/05, while high is at 1.2350/60
Gbp/Chf This pair is still on uptrend, retracement at 1.3870/80, break is to 1.3550/60 while high is at 1.4210/20
Euro/Gbp This pair is trying ot break upward, retracement at 0.8660/65 a base above is to target 0.8710/20 then 0.8750/60, while low is at 0.8590/00
Aud/Usd This pair is still on downtrend, low is at 1.0250/60, retracement at 1.0370/80 break is to 1.0470/80
Euro/Jpy This pair is still on downtrend, low is at 104.95/00, break is toward 104.25/30 then possibly 103.80/85, while retracement is at 105.70/80 break is to 107.40/50
Gbp/Jpy This pair is still on downtrend, low is at 121.30/35, break is toward 120.75/80 then possibly 120.45/50, retracement is at 122.00/10 break is to target 123.20/25 then possibly toward 124.50/60
Oil is still moving sideways with uptrend basis, targetting high at 91.60/70 break would power an uptrend toward 92.10/15, while retracement at 88.95/00 break is to 87.95/00 then 86.70/75, below here would change trend direction
Gold is still on downtrend, below retracement at 1835 break is to 1851 above would change trend direction toward 1860/61 then 1873/74, while kept below would target 1793/94 then 1774/75 and possibly 1754/55
We have an Important news release today for the Dollar Currency:
- US Core Retail Sales: Buy Usd/Chf & Usd/Jpy if 0.4 or above while Buy Euro/Usd & Gbp/Usd if 0% or below
***The risk aversion game is still played with powerful yen and dollar currencies while CHf had been removed of named safe haven currency after SNB previous action.
What is now happening is yen is still powerful but the other play is occuring bt. the Dollar and Euro whihc would take the powerful side with the yen.
Besides, as the yen is lessening power from time to time the money is going again to the Chf and this is giving some breath for yen pairs making them retrace from current historic lows with the help of Euro/Usd recovery after had hit possible reversal price level at 1.3490/00.
Euro currently powering or at least back to normal or sideways movement due to talks of China buying Italian bonds, besides Sarkozy & Merkel possible statement that might anounce the support for Greece and refusing the idea of Greece quiting from the Euro-Zone.
Take close focus at Euro/Chf nearing the SNB pegging 1.2000 price level so a Buy would be a Great opportunity.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 15th September 2011:
Short Term Signals:
Usd/Chf Buy 0.8685/90 then 0.8650/55 then 0.8580/85, sell 0.8855/60 then 0.8905/10 then 0.8955/60
Usd/Jpy Buy 76.35/40 then 76.25/30 then 75.95/00, sell 77.00/05 then 77.20/25 then 77.35/40
Euro/Usd Buy 1.3590/95 then 1.3515/20 then 1.3440/45, se;; 1.3855/60 then 1.3900/05 then 1.4020/25
Gbp/Usd Buy 1.5690 then 1.5650/55 then 1.5600/05, sell 1.5835/40 then 1.5870/75 then 1.5925/30
Medium Term Daily Analysis:
Usd/Chf This pair is stil on uptrend, retracement at 0.8750/55, break is to 0.8560/70, while high is at 0.9050/60
Usd/Jpy This pair is still on downtrend basis with an overall sideways movement, below retracement at 76.90/95, break is to 77.10/15, above is to target 77.60/70, while low is at 76.20/30
Euro/Usd This pair is still on downtrend, low is at 1.3530/40, retracement at 1.3730, break is to 1.3870/80, above is toward our other 2 short term sell signals
Gbp/Usd This pair is still on downtrend, low is at 1.5640/50, retracement is at 1.5800, break is to 1.5920/30
Usd/Cad This pair reversed from a possible downtrend start opening above today, above 0.9900 to target 0.9975/85 break is possibly to target 1.0030/40, while below 0.9890 is toward 0.9860/65 then 0.9820/30
Nzd/Usd This pair is still on downtrend, low is at 0.8080/90, retracement is at 0.8235/45 break is to 0.8270/75 then 0.8320/25
Euro/Chf This pair is still on uptrend, yesterday was good opportunity to buy at retracement 1.2020/25, despite market price didn't move a lot upward afterward but good price to hold a buy order at before today very important Chf News Release, today retracement is at 1.2030/35, break is to 1.1880/90 if broke below 1.2000 first, while high is at 1.2390/00
Gbp/Chf This pair is still on uptrend, but stuck today bt. resistance at 1.3840/50 break is toward 1.4250/60, and support at 1.3630/40 break is to 1.3500/05
Euro/Gbp This pair kept retracing upward, holding today above 0.8700/10 targetting 0.8755/60 above would target 0.8780/85 above here is possibly to taregt 0.8835/40
Aud/Usd This pair is still on downtrend, low is at 1.0210/20, below would extend weakness to 1.0140/50 then possibly toward 1.0080/90, while retracement at 1.0310/20 break is to 1.0450/60
Euro/Jpy This pair is still on downtrend, with 3 previous days hammer daily candles closing, breakout to the upside might be in the picture, low is at 104.40/50, break is toward 104.10/15 then possibly 103.70/80, retracement at 105.50/60, break is to 107.00/05 then possibly toward 108.80/90
Gbp/Jpy This pair is still on downtrend, low is at 120.70, a base below would extend 120.30/35 then 120.10/15 and possibly 119.55/60, while retracement at 121.45/50 break is to 122.75/80 then possibly toward 124.20/25
Gold is still on downtrend, retracement at 1826/27 break is toward 1834/35 then 1848/49, above here would change trend direction targetting 1860 then possibly toward 1875/76, while on the downside is toward 1797/98 then 1788 then possibly to target 1767/68
Oil is still moving sideways with uptrend basis, retracement at 88.30 break is to 87.80/85 then 86.90/00, below would target 85.65/70, while kept basing above retracement would target 91.15/20 then toward 91.85/90
We have 2 Important News Releases today for the Sterling & Dollar Currencies:
- UK Retail Sales: Buy Gbp/Usd if 0.2% or above while sell if 0.4% or below
- US Core CPI: Buy Usd/Chf & Usd/Jpy if 0.4% or above while Buy Euro/Usd & Gbp/Usd if 0% or below
***There's a very crucial news release today for the Chf Currency, SNB would be announcing its Monetary policy besides rate decision. Further measurements to more weaken the Chf might be seen which must result in high volatility movements for the Chf pairs especially the Euro/Chf pair that had been moving with low volatility from many past days till now waiting for this crucial day that might also see a New Intervention by SNB after pegging the Euro/Chf above 1.2000 but this price level is overvaluing the Chf Currency and SNB would not be happy for that..this pair holding a lot near the 1.2000 price level with a clear decision by traders to test SNB readiness if reached near this level or especially if broke below
On the other hand, The Euro Currency had been powering after hitting reversal price level at 1.3490/00 but still not making the additional step to the upward and SNB action would surely help Euro/Usd and Euro pairs in General break toward & base on uptrend, while the Dollar Currency is doing the opposite by weakening, so it would be interesting to see what would be seen next if same scenario resulting in a breakout for Euro or again collapsing downward.
My opinion is that Euro/Usd had reached current price level that is not expected to break below till end of year as many Big Banking Investment firms as the Goldman Sachs had expected from past months Euro/Usd being in the range of 1.36 to 1.38 at end of this year. So it might be somehow hard for Euro to weaken more than current levels unless ofcoure some big news about debt problems keep hitting the Euro-Zone and in front is the Greece debt problem, with no clear decision by the Euro leaders to solve it and prevent Greece from quiting the Euro-Zone, despite that I personally see it better for the ECB to "let go" Greece especially that a good % of Euro-Zone GDP deficit is affected by Greece Debt Problems from many months till now.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 16th September 2011:
Short Term Signals:
Usd/Chf Buy 0.8600/05 then 0.8560/65 then 0.8475/80, sell 0.8805/10 then 0.8860/65 then 0.8925/30
Usd/Jpy Buy 76.35/40 then 76.20/25 then 75.90/95, sell 77.10/15 then 77.30/35 then 77.55/60
Euro/Usd Buy 1.3690/95 then 1.3600/05, sell 1.4010/15 then 1.4070/75 then 1.4205/10
Gbp/Usd Buy 1.5700/05 then 1.5560/65 then 1.5590/95, sell 1.5890/95 then 1.5935/40 then 1.6005/10
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend but squeezed today bt. resistance at 0.8720/25 break is toward our short term sell signals, and support at 0.8635/40 break is to our short term buy signals
Usd/Jpy This pair is still on downtrend, low is at 76.30, retracement at 76.85 break is to 76.95/00 then 77.10/15, above here would target high at 77.60/65
Euro/Usd This pair is trying to base on uptrend today, above 1.3850/55 to target our short term sell signals and high is at 1.4120/30, while below is to target 1.3810, a base below would take this pair back to downtrend.
Gbp/Usd This pair is still on downtrend, retracement at 1.5805/10 break is to 1.5890/00, a base above here would set this pair on uptrend, while low is at 1.5610/20
Usd/Cad This pair is back on downtrend with an overall sideways movement, below retracement at 0.9870/80 and low resistance at 0.9855/60, targetting 0.9775/80 then 0.9750/55, while a break of retracement would target 0.9940/45 then 0.9990/95
Nzd/Usd This pair is still on downtrend, but squeezed today bt. support at 0.8220/25 break is to low at 0.8100/10, and resistance at 0.8255/60 break is to 0.8320/30
Euro/Chf This pair is still on uptrend after staying again above retracement, today retracement is at 1.2050/55, break is to 1.1970/75 if broke below 1.2000 first, while on the upside to target 1.2100/05 then 1.2120 and possibly 1.2145/50
Gbp/Chf This pair is still on uptrend but squeezed today bt. resistance at 1.3790/00 break is to 1.3865/70 then 1.3925/30 and possibly 1.3985/90, and support at 1.3720/25 break is to 1.3645/50 then 1.3605/10
Euro/Gbp This pair is on uptrend from yesterday, above retracement at 0.8735/40, break is to 0.8715/20, below would change trend direction toward 0.8695/00 then possibly 0.8660, while on the upside to target 0.8800/05, above here is toward 0.8825/30 then 0.8845/50 and possibly 0.8905/10
Aud/Usd This pair is still on downtrend, but might change this view with a hammer bullish daily candle closed yesterday, retracement at 1.0330/40, break is to 1.0430/40, while low is at 1.0225/30
Euro/Jpy This pair is trying to break to the upside, squeezed today bt. resistance at 106.85/90, a base above here would change trend direction to target 107.50/55 then 108.05/10 and possibly 108.70, and support at 106.00/10 break is to target 104.90/95
Gbp/Jpy This pair is stil on downtrend, retracement at 121.45/50 break is to 122.45/50, above here would change trend direction to target 123.20/25 then possibly 123.95/00
Gold is still on downtrend, retracement at low at 1752/53, below would extend weakness toward 1741/42 then possibly 1711/12, retracement at 1805/06, break is to 1830/31 then 1836/37
Oil is still moving sideways with uptrend basis, retracement at 88.95 break is to 88.10/15 then possibly 87.30/40, while high is at 91.10/20 with resistance at 90.55/60 on the way
***I expected SNB to take action to power the Euro/Chf meaning buying & powering the Euro Currency but after SNB reassured that rates would be kept low and action is ready to be taken at 1.2000 or "above"(take note about this important word by SNB), the action came as joint intervention from ECB, Fed, BOE, BOJ, & SNB by offering EuroZone banks loans till end of this year that resulted in powering the Euro Currency and Euro/Usd spiking upward 200 pips.
I always try to write hints for traders when any possible important market move might occur and what I said yesterday came quickly to reality about Euro/Usd had set reversal price level at 1.3490/00 looking for more upward movement for Euro pairs..and this price would be hard to get penetrate because many expactations(as by Goldman Sachs) for Euro/Usd bt. 1.36 & 1.38 by end of year and the ECB joint action with other Central Banks being valid till end of year proved these talks or expectations.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 19th September 2011:
Short Term Signals:
Usd/Chf Buy at 0.8680/85 then 0.8645/50 then 0.8605/10, sell at 0.8825/30 then 0.8880/85
Usd/Jpy Buy at 76.55/60 then 76.45/50 then 76.30/35, sell at 77.00/05 then 77.10/15 then 77.25/30
Euro/Usd Buy at 1.3660/65 then 1.3590/95, sell at 1.3900/05 then 1.3950/55
Gbp/Usd Buy at 1.5615/20 then 1.5690/95 then 1.5640/45, sell at 1.5855/60 then 1.5885/90 then 1.5930/35
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.8760, break is to 0.8730/40, below is to our short term buy signals, while kept basing above retracement is toward our short term sell signals
Usd/Jpy This pair is squeezed today bt. support at 76.85 break is to our short term buy signals & low at 76.30/35, and resistance at 77.00 break is to 77.10/15, a base above is to target high price level at 77.60/65 if broke above 77.25/30
Euro/Usd This pair is still on downtrend, retracement at 1.3740/50, break is to 1.3800/10, a base above would change tren direction, while on the downside toward our short term buy signals.
Gbp/Usd This pair is still on downtrend, retracement at 1.5775/80, break is to 1.5845/50, above would change trend direction toward our short term sell signals
Usd/Cad This pair is still on downtrend, retracement at 0.9840/50, break is to 0.9865/70, a base above would change trend direction targetting 0.9890 then 0.9915/20, while low is at 0.9735/40
Nzd/Usd This pair is still on downtrend, retracement at 0.8250/60, break is to 0.8330/40 then possibly 0.8400/10, hile kept below retracement might target low at 0.8110/20 with support in the way as 0.8185/90 and 0.8140/45
Euro/Chf This pair is still on uptrend, retracement at 1.2055/60, break is toward 1.2045/50 then 1.2030/35 then 1.2010/15, while on the upside to taregt 1.2105/10 then 1.2120 then 1.2140/45
Gbp/Chf This pair is still on uptrend, retracement at 1.3830/40, break is to 1.3715/20, while a base above retracement might target 1.3900/05 then 1.3940/45
Euro/Gbp This pair reversed to downtrend, below retracement at 0.8710/15 targetting low at 0.8610/20 while above would target 0.8750/60, break is to 0.8800/05
Aud/Usd This pair is still on downtrend, retracement at 1.0320/30, break is to 1.0410/20, while low is at 1.0210/20
Euro/Jpy This pair failed to base on uptrend and kept on downtrend, retracement at 105.65/70, break is to 106.45/50, above is toward 108.40/50, while low is at 103.90/00
Gbp/Jpy This pair is still on downtrend, retracement at 121.30/40, break is to 122.20/30, then toward 123.70/80, low is at 120.00/10
Gold is squeezed today bt. support at 1812/13, break is to 1762/63 and low price level is at 1757/58, and resistance at 1830/31, break is toward 1843 then 1857/58
Oil is on downtrend basis today, retracement at 88.05/10, break is to 88.35/40, above is toward 89.95/00, while on the downisde to target 86.20/25 then 85.40/45
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 20th September 2011:
Short Term Signals:
Usd/Chf Buy at 0.8765/70 then 0.8745/50 then 0.8700/05, sell at 0.8880/85 then 0.8910/15 then 0.8945/50
Usd/Jpy Buy at 76.15/20 then 75.95/00 then 75.60/65, sell at 77.05/10 then 77.25/30 then 77.55/60
Euro/Usd Buy at 1.3575/80 then 1.3525/30 then 1.3470/75, sell at 1.3760/65 then 1.3795/00 then 1.3875/00
Gbp/Usd Buy at 1.5610/15 then 1.5570/75 then 1.5510/15, sell 1.5780/85 then 1.5820/25 then 1.5880/85
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.8790, break is to 0.8760/65, below is to the other 2 short term buy signals, while on the upside is toward our short term sell signals
Usd/Jpy This pair is still on downtrend, had hit yesterday low at 76.30/35(Good buy) after a successful breakout strategy started from yesterday support at 76.85, today retracement at 76.70, break is to good resistance at 76.95/00, above here is toward our short term sell signals, while low is at 76.25/30, below would extend weakness to our short term buy signals
Euro/Usd This pair is still on downtrend, retracement at 1.3715/20, break is to 1.3770/80, a base above would change trend direction to our short term sell signals, while on the downside is to target our short term buy signals.
Gbp/Usd This pair is still on downtrend, low is at 1.5550/55, retracement at 1.5735/40, break is to 1.5820/25, above would chnage trend direction toward 1.5880/90
Usd/Cad This pair reversed, basing on uptrend today with an overall sideways movement, retracement at 0.9875/80 break is to 0.9850/55, below is toward 0.9800/10, while on the upside is toward high at 0.9965/70
Nzd/Usd This pair is still on downtrend, low at 0.8100/10, retracement at 0.8250/60, break is to 0.8320/30
Euro/Chf This pair is still on uptrend, retracement at 1.2055, break is toward 1.2040/45 then 1.2030/35 then 1.2015/20, while on the upside is toward 1.2085/90 then 1.2095/00 and possibly 1.2110/15
Gbp/Chf This pair is still on uptrend, retracement at 1.3830 break is to 1.3790/95 then 1.3765/70, while on the upside is toward 1.3925/30 then 1.3965/70
Euro/Gbp This pair is still on downtrend, low is at 0.8600/10, retracement at 0.8710/20, break is toward 0.8755/60 and possibly to 0.8795/00
Aud/Usd This pair is still on downtrend, low is at 1.0145/50, break is toward 1.0125/30 then 1.0085/90 and possibly 1.0000/10, while retracement at 1.0250/55, break is to 1.0370/75
Euro/Jpy This pair is still on downtrend, low is at 103.20/30, retracement at 105.00/10, break is to 106.00
Gbp/Jpy This pair is still on downtrend, low at 119.40/50, retracement at 120.60/70, break is to 121.70/80
Gold is on downtrend, retracement at 1793/94, break is to 1816/17 then 1823/24, while low is at 1747/48
Oil is on downtrend, retracement at 86.80 break is to 87.35/40 then 88.10/20, while low is at 83.80/85
***The market was not expected to have a high volatility as happened yesterday due to no news releases, but it seem that traders are more volatile than the markets and getting over hyper..lol watching forex tvs as CNBC, Bloomberg.. that I believe they are playing a somehow important role in market movements by focusing at some news and repeating, repeating it all day & night.
You all remember how much they kept focusing at the US Debt, QE.., & the dollar kept weakening, recently they had been focusing at the EuroZone debt problems especially at Greece, but for God Sake don't we all know from many months about EuroZone debt problems especially Greece, even if it got financial help by the ECB but real traders knew well that Euro/Usd around 1.4500 would not last because debt problems would still be seen from a Eurozone country to other country.
And, I informed you traders at that time that Euro/Usd & Gbp/Usd destiny is downtrend at least for the medium term. But Honestly this huge weakness toward 1.3500 was not expected and really nonsense(1000pips in no time), but this prove how much market momentum is crucial, and when the rythym start all would ride the trend and Forex Tv's would add the Oil to the Fire to complete the film.
The market yesterday rally and maybe would continue today wasn't expected(as this strong) because we have tommorow a very important news release which is the FOMC Statement and Bernanke possibly announcing QE3 or not. So as I mentioned in past posts that sometimes the market act defensively before going forward to lessen the spike movement later on, such action occur for all pairs & had happened to Euro/Usd & Gbp/Usd always powering after retracement to high level for nonsense reasons but all that was to lessen the big fall time, then the funny part is that the big fall came fast in no time for no real reason as I mentioned previously because we all knew those Euro debt problems & UK possible cut of rates and even in a previous 2 month MPC Meeting and after votes for hike had become at 0(members) the Gbp/Usd collapsed 100 pips and then spiked 200 to 300 pips at same then second day as I well remember and focused at this point in that dae post.
Conclusion, look at the market momentum and trade accordingly, and not hard to find it but just follow my daily analysis looking at start of trend to follow the journey..
Have A Great Trading Day
thanks but what is the time we trade ....?
Hello Traders,
Forex Signals & Analysis for 21st September 2011:
Short Term Signals:
Usd/Chf Buy at 0.8775 then 0.8725/30 then 0.8665/70, sell at 0.8950/55 then 0.8990/95 then 0.9060/65
Usd/Jpy Buy at 76.20/25 then 76.05/10 then 75.85/90, sell at 76.75/80 then 76.90/95 then 77.05/10
Euro/Usd Buy at 1.3580/85 then 1.3525/30, sell at 1.3790 then 1.3830/35 then 1.3915/20
Gbp/Usd Buy at 1.5655/60 then 1.5615/20, sell at 1.5780/85 then 1.5800/05 then 1.5860/65
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement is at 0.8790/00, break is to target our short term buy signals while as continuation of trend is to target our short term sell signals
Usd/Jpy This pair is still on downtrend, retracement at 76.55/60, break is to 76.85/95, above would change trend direction, while low is at 76.15/20, below is to extend weakness to our short term buy signals
Euro/Usd This pair is still on downtrend, retracement at 1.3710, break is to 1.3740, above would target our short term sell signals changing trend direction, while on the downside is toward our short term buy signals
Gbp/Usd This pair is still on downtrend, retracement at 1.5740/50, break is to 1.5795/00, above would target 1.5860/70 changing trend direction, while on the downside toward our short term buy signals
Usd/Cad This pair is still on uptrend, retracement at 0.9890/00 break is to 0.9850/60, while high is at 0.9980/85
Nzd/Usd This pair is still on downtrend, retracement at 0.8350/60, break is to 0.8315/25 then possibly to 0.8400/10, while low is at 0.8090/00
Euro/Chf This pair is still on uptrend, retracement at 1.2110/15, break is to 1.2080/85, below is toward 1.2030/40, while on the upside is toward 1.2255/60
Gbp/Chf This pair is still on uptrend, retracement at 1.3870/80, break is to 1.3805/10, wile on the upside to target 1.4075/80
Euro/Gbp This pair is still on downtrend but might change this view today if based above retracement at 0.8710 targetting 0.8750/60, above is toward 0.8790/00, while low is at 0.8600/10
Aud/Usd This pair is still on downtrend, retracement at 1.0270/80, break is to 1.0340/50 then possibly toward 1.0405/10, while low is at 1.0140/50
Euro/Jpy This pair is still on downtrend, retracement at 104.95/00, break is to 105.60/70, above would change trend direction toward 107.75/80, while low is at 103.00/10
Gbp/Jpy This pair is still on downtrend, retracement at 120.50/60, break is to 121.45/50, above is to target 123.00/10 changing trend direction, while low is at 119.20/30
Gold is still on downtrend, retracement at 1800 break is to 1817/18 then 1826/27, above here would chnage trend direction toward 1836/37, while low is at 1757/58 below is toward 1752/53 then 1735/36
Oil is still on downtrend, retracement at 86.85/90, break is to 87.55 then 87.90/00, above would change trend direction toward 88.90/95 then 90.15/20, while low is at 84.10/20
We have 4 Crucial news releases today for the Sterling, Canadian Dollar, & Dollar Currencies:
- UK MPC Meeting Minutes: Buy if 2 Members Vote for Hike while sell if 2 Members Vote for Quantitative Easing or if the Asset Purchasing Facility increase to above 200B
- CAD Core CPI: Buy Usd/Cad if below 0% while sell if 0.3% or above
- US Existing Home Sales: Buy Usd/Chf & Usd/Jpy if 5.10M or above, while Buy Euro/Usd & Gbp/Usd if 4.40M or below
- US FOMC Rate & Statement: Main Focus would be at Bernanke talks wiht mnay possibilities for Mr. Ben Genius to announce today, and this day would be very important for all pairs as a turning point or a contiuation of current trend movements.
*** Take Note traders that at those price levels for all yen pairs, Intervention is seen in the picture especially with the Fed Statement today and most possible high volatility in the markets movement which would be a perfect time for BOJ to react if yen pairs collapse to new historic lows.
Have A Great Trading Day
Hello mahesh119,
You can start trading after I post my daily forex information which is after market daily candle open by 2 to 3 hours time. So you have all day to trade at the appropriate time for any pair/s you like after market reach my signals & analysis targets so you open an order/s accordingly.
Best Luck
Hello Traders,
Forex Signals & Analysis for 22nd September 2011:
Short Term Signals:
Usd/Chf Buy 0.8720/25 then 0.8595/00, sell 0.9140/45 then 0.9205/10
Usd/Jpy Buy 76.00/05 then 75.75/80 then 75.45/50, sell 76.85/90 then 77.05/10 then 77.35/40
Euro/Usd Buy 1.3455/60 then 1.3405/10, sell 1.3775/80 then 1.3875/80
Gbp/Usd Buy 1.5370/75 then 1.5310/15, sell 1.5725/30 then 1.5835/40
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.8900/10, break is to 0.8830/40, below here is to our short term buy signals, while on the upside is to target our short term sell signals
Usd/Jpy This pair is still on downtrend, retracement 76.55/60, break is to 76.75/80 then 76.85/90, a base above would change trend direction, while low is at 76.15/20
Euro/Usd This pair is still on downtrend, retracement at 1.3640/50, break is to 1.3695/00, above is to our short term sell signals, while on the downside toward our short term buy signals
Gbp/Usd This pair is still on downtrend, retracement at 1.5600/10, break is to 1.5730/40, while low is at 1.5420/30, a break would extend weakness toward our short term buy signals
Usd/Cad This pair is still on uptrend, high support at 1.0040/50, break is toward retracement at 0.9990/00, below here is to target 0.9920/25, while kept basing above high support would target 1.0160/70
Nzd/Usd This pair is still on downtrend, retracement at 0.8110/20, break is to 0.8190/00, while a base below low resistance at 0.8000/10 would target 0.7880/90 then possibly 0.7830/40
Euro/Chf This pair is still on uptrend, retracement at 1.2170/80, break is to 1.2090/00, while on the upside is toward 1.2345/50 then 1.2410/15
Gbp/Chf This pair is still on uptrend, retracement at 1.3910/20, break is to 1.3700/10, while on the upsdie toward 1.4135/40 then possibly 1.4225/30
Euro/Gbp This pair changed the downtrend view yesterday as expected & based on uptrend today, targetting 0.8790/00, a base above would extend power to 0.8820/30 then 0.8850/60, retracement at 0.8730/40 break is to 0.8700/10, below here is to target 0.8670/80 then possibly 0.8630/40
Aud/Usd This pair is still on uptrend, retracement at 1.0150/60, break is to 1.0260/70, while low is at 1.0030/40, a base below would extend weakness turning this price level to low resistance targetting 0.9915/20
Euro/Jpy This pair is still on downtrend, retracement at 104.40/50, break is to 105.10/20, above is to target 105.90/95 then 106.50/55, while on the downside to target 102.95/00 then possibly 102.55/60 if broke below 103.60/70
Gbp/Jpy This pair is still on downtrend, retracement at 119.45/50, break is to 120.75/80, while low is at 118.30/40, a base below here would turn this price level to low resistance extending weakness toward 117.35/40
Oil is still on downtrend, low is at 83.80/85, break below would extend weakness to 83.15/20 then 82.40/45, retracement at 85.90/95, break is to good resistance at 87.40/50, a base above here would change trend direction
Gold is still on downtrend, retracement at 1791/92 break is to 1807, then possibly to target 1825/26, while low is at 1756/57
We have an Important news release for the Canadian Dollar:
- CAD Core Retail Sales: Buy Usd/Cad if 0% or below while sell if 0.4% or above
Have A Great Trading Day