Forex Buy & Sell Trading Signals - page 5
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Hello Traders,
Forex Signals & Anaylis for 8th July 2011:
Short Term Signals:
Usd/Jpy Buy 80.75/80 then 80.50/55 then 80.25/30, sell 81.60/65 then 81.75/80 then 82.10/15
Euro/Usd Buy 1.4225/30 then 1.4165/70 then 1.4110/15, sell 1.4435/40 then 1.4470/75 then 1.4565/70
Gbp/Usd Buy 1.5925/30 then 1.5900/05 then 1.5860/65, sell 1.6025/30 then 1.6050/55 then 1.6085/90
Usd/Chf Buy 0.8360/65 then 0.8325/30 then 0.8270/75, sell 0.8520/25 then 0.8555/60 then 0.8615/20
Medium Term Daily Strategy:
Nzd/Usd This pair is still on uptrend, retracement is at 0.8300, break is to 0.8270/75 then break here is to 0.8180/85 that must mainly hold, high is at 0.8390/00
Usd/Cad This pair is still on downtrend, after failuer of breaking our yesterday resistance at 0.9670 and collapsing down to close below today retracement at 0.9610, break is to 0.9635/40 then 0.9690/00 and 0.9720/30 would hold if reachable, while low is at 0.9510/20
Euro/Gbp This pair made a hude collapse as a result of downtrend movement but retraced up later to close above, today squeezed bt. resistance at 0.9000/10 break is to 0.9040/50 and high is at 0.9090/00 that would hold, and support 0.8980/85, break is to 0.8930/40 then 0.8900/10, closing around this price would contune downtrend movement.
Aud/Usd This pair is still on uptrend, targetting high at 1.0840/50, break above mustn't occur but if happens and abses then above, more highs would continue later on, retracement is at 1.0740, break is to 1.0710/20 then break here would change direction targetting 1.0620/25 that must hold.
Euro/Chf This pair made a big fall to previous day low price then retraced to close above, squeezed today bt. support at 1.2080/90, break is to retest 1.1970/80(1.2000 support level on the way), and resistance at 1.2160/70, break is to 1.2210/20 and a base around here would change trend direction then high is at 1.2360/70 if reachable today.
Euro/Jpy This pair also had same scenario big fall then retracing up, support at 116.50/60 break is to good support at 155.80, break here would extend weakness, and good resistance at 116.90/00, break here would change direction to target 117.50/60 and high is at 118.20 if reachable today.
Gbp/Jpy This pair also with similar scenario like many other pairs after mixed news releases yesterday, support at 129.50/55, break is to 129.00/10 then low at 128.40/50 must hold, and resistance at 130.00, break the base above is to target high at 130.60/70 then 131.00/10 must mainly hold.
Gbp/Chf This pair is kept on downtrend, after being rejected from retracment at 1.3490/00, break is to 1.3520/30 then 1.3590/00, break here would extend gains to 1.3650/60, while below said retracement is to 1.3360/70 and low is at 1.3240/50 if reachable with a crazy friday..
Usd/Chf This pair reversed after having good support at 0.8380, today basing above 0.8430/40 targetting high at 0.8520/30, a base above here would extend gains by next week with new cycle formation, while below 0.8410/20 is to retest 0.8380 then low at 0.8300/10 must hold.
Euro/Usd This pair is still on downtrend after being rejected near today retracment 1.4370/75, break is to 1.4395/00, a base above here is to 1.4440 then break would target 1.4460/70 but 1.4500 would hold, while break of 1.4330 is to retest 1.4220/25 yesterday low price and perfect buy price for our yesterday short term first buy signal for this pair.
Usd/Jpy This pair is still on uptrend, but would face resistance at 81.40/50, a break then base above here would form a new cycle to target as high as 82.00/10 if not today then by next week, retracement is at 81.10, break is to 80.90 then break here would change direction by targetting 80.60/70
Gbp/Usd This pair is still on downtrend, targetting low at 1.5890, retracement is at 1.5990/00, break is to 1.6030 then 1.6060/70 must mainly hold
Gold is still on uptrend, finding resistance at 1535, and would also face resistance at 1539/40, break is to 1544/45 then high is at 1555/56, retracement is at 1522/23 break is to 1517/18 then break here is to 1508/09, but only break here to target 1495/96 would change direction.
Oil is still on uptrend, broke above more than expected, and above our yesterday take profit but that's okay, maybe can buy again after retracing, today retracement is at 97.50/60, break is to 95.90/00 then break would target 94.20/30 that must hold, on the upside would face resistance at 98.95/00, break is to retest 99.40/50, basing above 100 would form new cycle by next week
We have 2 Very Important News Releases for the Dollar, & Canadian Dollar Currencies today:
- CAD Employment Change & UnEmployment Rate: Buy Usd/Cad if 5K or below while Sell if 30K or above, both if UnEmployment rate is kept at 7.4%.
- US Non-Farm Employment Change & Unemployment Rate: Buy Usd/Chf & Usd/Jpy if above 100K for the first and kept at 9.1% for the second while Buy Euro/Usd & Gbp/Usd if 30K or below, and/or above 9.1% for the second.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 11th July 2011:
Short Term Signals:
Usd/Chf Buy 0.8285/90 then 0.8255/60 then 0.8150/55, sell 0.8505/10 then 0.8570/75 then 0.8625/30
Euro/Usd Buy 1.4165/70 then 1.4120/25 then 1.4035/40, sell 1.4375/80 then 1.4435/40 then 1.4500/05
Usd/Jpy Buy 80.10/15 then 79.85/90 then 79.25/30, sell 81.40/45 then 81.80/85 then 82.15/20
Gbp/Usd Buy 1.5925/30 then 1.5870/75 then 1.5810/15, sell 1.6125/30 then 1.6160/65 then 1.6250/55
Medium Term Daily Analysis:
Usd/Chf This pair reversed to downtrend channel after a super bad NFP News Release on friday, today basing below retracement at0.8395/00 targetting low at 0.8300/10, while a base above 0.8405 is to target 0.8425/30 then break & base above here is to as high as 0.8510/20.
I believe this pair might move with tight price range today waiting for tommorow FOMC Meeting Minutes that would decide what direction should this pair be moving toward in coming days..
Gbp/Usd This pair is still on downtrend, basing below 1.6020 targetting as low as 1.5900/10 with support 1.5930 on the way down, while above 1.6020 is to 1.6040/50, basing above here is to target our short term sell signals for this pair/
Euro/Usd This pair is still on downtrend, targetting low at 1.4100/10, retracement is at 1.4250/60, break is to 1.4330/40 then 1.4375/80 must hold.
Usd/Jpy This pair reversed to open on downtrend channel today after targetting high price on friday but failing to continue above for a new cycle formation after a dissappointing NFP, today basing below retracement at 80.80/85 break is to 81.20/30, while below 80.50 is to target 80.00/10
Usd/Cad This pair is basing on uptrend today, above retracement at 0.9620 targetting 0.9690/00 then 0.9730/40, while below 0.9715 then 0.9700 is to target 0.9560
Nzd/Usd This pair is still on uptrend, targetting new historic highs as 0.8420/30, retracement is at 0.8330, break is to 0.8300/10, then break here would target 0.8210/20 low
Euro/Gbp This pair is on downtrend after another big collapse, basing below retracement at 0.8900 targetting 0.8820/30 then low at 0.8790/00 must hold, while above retracment is to target 0.8940 then 0.8970/80 must hold
Euro/Chf This pair is on downtrend, after a big fall, basing below retracement at 1.1960/70 targetting 1.1750/60, while above retracement is to 1.2050/60 then 1.2120/30 must hold.
Aud/Usd This pair reversed, basing today on downtrend channel below retracement at 1.0730/40 targetting 1.0640/50, while a base above retracement is to target 1.0790/00
Euro/Jpy This pair is basing today on downtrend channel, below retracement at 115.20 targetting low at 113.30/40, while above said retracement is to target 115.80/90 then 116.30/40 must hold.
Gbp/Chf This pair is still on downtrend, basing below retracement at 1.3440 targetting 1.3230/40, while above said retracement is to target 1.3490/00 then 1.3580/90 must hold
Gbp/Jpy This pair is on downtrend channel, basing below retracement at 129.40/50 targetting low at 128.40/50 while above said retracement is to target 129.70 then 130.00/10
Gold is still on uptrend, targetting high at 1559/60, retracement is at 1537 break is to 1519/20
Oil reversed to downtrend, basing below retracement at 96.20 targetting 94.40/50 then a break then base below here would extend weakness to 93.40/50 then 92.00/10, while above said retracement is to target 97.20/30 then 98.60/70 must hold.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 12 July 2011:
Short Term Signals:
Usd/Chf Buy 0.8315/20 then 0.8300 then 0.8270/75, sell 0.8395/00 then 0.8415/20 then 0.8440
Usd/Jpy Buy 79.85/90 then 79.65/70 then 79.20/25, sell 80.80/85 then 81.10/15 then 81.40/45
Gbp/Usd Buy 1.5820/25 then 1.5780/85 then 1.5680/85, sell 1.6040 then 1.6100/05 then 1.6160/65
Euro/Usd Buy 1.3900/05 then 1.3840 then 1.3690/95, sell 1.4230/35 then 1.4320/25 then 1.4420
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, retracement is at 0.8380, break is to 0.8400 then 0.8420, break above here would power upward movement to target 0.8490/00, while low is at 0.8300/10, if broke would target 0.8270/80.
Usd/Jpy This pair still on downtrend from yesterday, would face support around the 80 level but if broken then would target our short term buy signals for this pair, retracement is at 80.45/50, break is to 80.65 then 80.75/80, break then base above here would change direction targetting 81.20/30.
Gbp/Usd This pair is still on downtrend, collapsed more than expected yesterday but as much as you are following the trend you are in more benefit.., today would face support at 1.5850/60, break below would extend weakeness to our short term buy signals, retracement at 1.5945/50, break is to 1.6010/15 then 1.6040 must hold.
Euro/Usd This pair is still on downtrend, also collapsed more than expected with a powerful downtrend, retracement is at 1.4120, break is to hold at 1.4320/30, while on the downside would target our short term buy signals for this pair.., and take note that 1.4000 would be forming a low resistance later on if prices kept collpasing down..
Usd/Cad This pair is still on uptrend started yesterday, targetting as high as 0.9820/30 if broke then base above 0.9740 first, retracement is at 0.9660/70, break is to 0.9620
Nzd/Usd This pair reversed yesterday and you had a clear breakout strategy from retracement at 0.8330 and downward to 0.8210/20.., today on downtrend targetting 0.8100/10, retracement is at 0.8270/75 break is to 0.8295/00
Euro/Gbp This pair is still on downtrend, targetted our yesterday low, today would face support at 0.8770/80, break then base below would extend weakness to 0.8740 then 0.8690/00, retracement is at 0.8840/50, break is to hold at 0.8940/50
Euro/Chf This pair is still on downtrend, would face support at 1.1660, break then base below would extend weakness to target 1.1590/00 then 1.1520/30, retracement is at 1.1820/30, break is to hold at 1.2030/40(if reachable)
Aud/Usd This pair is still on downtrend, targetting 1.0510/20, retracement is at 1.0665/70 break is to hold at 1.0720, and take note that 1.0640/45 formed a low resistance
Euro/Jpy This pair is still on downtrend, collapsed more than expected and still.., targetting 117.40/50 then 110.85/90 then 109.40/50, retracement is at 113.70/80 break is to hold at 115.50/60
Gbp/Jpy This pair is still on downtrend, targetting 126.60/70 then 126.10/20 then 125.00, retracement is at 128.25/30 break is to hold at 129.25/30.
Gbp/Chf This pair is still on downtrend targetting 1.3200/10, below would extend weakness to 1.3185/90 then 1.3140/50, retracement is at 1.3350/60 break is to 1.3470/80 that would hold.
Oil is still on downtrend, targetting 93.40/50 then 93.10/15 then 92.10/15 then break here must hold at 90.30/40, retracement is at 95.40/50 break is to 95.95/00, break then base above would change direction to target 97.20/30 then hold at 98.60/70
Gold is still on uptrend, targetting high at 1563/64, retracement is at 1544/45, break is to 1523/24 then 1520 must hold but if broken change of direction would occur..
We have 2 Very Important News Releases today for the Sterling & Dollar Currencies:
- UK CPI: Buy Gbp/Usd if 4.7% or above while sell if 4.3% or below
- US FOMC Meeting Minutes: There would be focus on this FED meeting to look closely at the Fed reaction after the super bad NFP Numbers, and if there's be any hint at possible QE3 or would be kept far away at least for now as Bernanke confirmed in previous press conference after rate decision, also talks about inflation, umemployment, interest rates would all decide direction of Usd/Jpy & Usd/Chf at least for coming days of this week.
Lets see if Bernanke & his buddies have something positive to say this time or at least keep some positivity in the markets from past 2-3 weeks good press conference especially regarding keeping QE3 far way..
* I believe that Chf pairs are more driven by MiddleEast and North Africa political problems more than any other influence, same for Yen pairs influenced by Japan earthquake, tsunami, nuclear problems more than anything else and the market is reacting in this procedure..
But mainly Usd/chf & Usd/Jpy would be safe to buy at least for this period of time as much as FOMC Meeting Minutes comes out as normal or good.., because risk aversion is controlling the market recently with a powerful Dollar & Yen.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 13 July 2011:
Short Term Signals:
Usd/Chf Buy 0.8245/50 then 0.8215/20 then 0.8145/50, sell 0.8405/10 then 0.8445/50 then 0.8500/05
Gbp/Usd Buy 1.5780/85 then 1.5710/15 then 1.5650/55, sell 1.6010/15 then 1.6050/55 then 1.6155/60
Euro/Usd Buy 1.3820/25 then 1.3740/45 then 1.3645/50, sell 1.4115/20 then 1.4175/80 then 1.4295/00
Usd/Jpy Buy 78.15/20 then 77.50/55 then 76.60/65, sell 80.70/75 then 81.30/35 then 82.25/30
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, after failing to break above our first short term sell signal for yesterday & collapsing again, retracement is at 0.8345/50, break is to 0.8390/00, break then base above here might target high at 0.8490/00, while on the downward is for a retest of 0.8280 that must mainly hold but if broken would target our short term buy signals for this pair.
Euro/Usd This pair is still on downtrend, despite powering up after hitting our second short term buy signals for this pair(1.3840), but kept below retracement for today at 1.4060/70, break is to 1.4270/80 then 1.4300/10 must mainly hold, while basing below 1.3950/60 low price where this pair is trying to base to target retracement then break upward would target our short term buy signals for this pair
Gbp/Usd This pair is still on downtrend, despite reversing from the second short term signal for this pair yesterday, but faced strong resistance at our yesterday retracement 1.5945/50 and couldn't break above, today a break above if occured would target 1.6010/20, then break here is to hold at 1.6150/60, while to the downside would face support at 1.5880 but if broken then would target our short term buy signals for this pair.
Usd/Jpy This pair is still on downtrend, targetting our short term buy signals for this pair if broke below yesterday late hours low price good support at 78.40/50, retracement is at 79.85/90(79.65/70 forming a low resistance), break is to 80.60/70 that must mainly hold.
Usd/Cad This pair moved up and down yesterday, didn't continue upward to our targetted high price then performed a successful breakout strategy, today facing support at 0.9620 break is to 0.9560 then possibly low at 0.9490/00, and resistance at 0.9650 break is to 0.9690/00 then 0.9730/40
Nzd/Usd This pair is still on downtrend, after hitting our specific low price for yesterday, retracement at 0.8240/50, break is to 0.8290/00 that must hold but if broken would change direction and target 0.8350/60, while low is at 0.8020/30 if yesterday low at 0.8100/10 is broken first, take note that 0.8220 is starting to form a low resistacne if market price kept collpasing down and isn't able to base above this price..
Euro/Gbp This pair still on downtrend targetted our yesterday price, retracement is at 0.8820/30 break is to hold at 0.8910/20, while below support at 0.8760 would extend weakness to target 0.8720/30 then 0.8700 then as low as 0.8650/60
Euro/Chf This pair is still on downtrend, trying to base above low price 1.1600 to target retracement at 1.1740/50 then break is to hold at 1.1990/00, while below said low would extend weakness to target new historic lows as 1.1510/15 then 1.1455/60.
Aud/Usd This pair is still on downtrend, targetted yesterday low price, today trying to break above retracement at 1.0640/50 to target 1.0700/10 then above here would change direction, while low is at 1.0440/50 as a continuation of downtrend movement..
Euro/Jpy This pair is still on downtrend, retracement is at 112.40/50 with 111.90 forming a low resistance, break is to 114.90/00, while kept on the downside is to target 108.95/00 then 107.90/00 if yesterday low at 109.50/60 is broken at first.
Gbp/Jpy This pair is still on downtrend, retracment is at 127.40/50, break is to hold at 128.90/00, while low resistance is forming at 126.95/00, continuation of downtrend movement is to target 124.40/50 then 123.40/50.
Oil reversed after hitting one of yesterday support prices at 93.50 then succeeded in a breakout strategy to base above 96.30 today targetting 99.10/20 with resistance at 97.40/50 on the way upward, while a base below 96.30 is to target 94.70/80 then retest 93.50, below would extend weakness and might taregt 90.30/40
Gold is still on uptrend targetted more than expected historic highs after FOMC Meeting Miuntes QE3 Debate bt. Fed Members, today would face resistance at 1571/72, retracement is at 1555 break is to 1532 then 1522 must mainly hold.
* As you realize all above pairs are in downtrend movements with collapse of prices yesterday, only Gold & Oil spiked above, this is occuring in a mixed market but a good opportunity when direction is set because correlation isn't found currently and market prices must fix itself for pairs to start correlating normally again, since as you realize Euro/Usd & Usd/Chf are moving in a downtrend movement and the opposite must be as one going up and the other down.
Well all this mixture is provided by the said safe haven currency Swiss Franc besides other factors as EuroZone problems that are looking not to end soon beside Fed that looks with no clear decision to take, do not want to anger the market by talking clearly about QE3 and on the other side do not want to remove the idea at all, and yesterday FOMC Meeting Minutes proved that with debate about QE3, some with while some against and the market reacted shyly with a retest of 0.8280 after traders hearing QE3 possibility but then price failed to continue downward also with Chf not powering enough and Swiss Natinal Bank thoughts seeing Chf as currently "overvalued"
*No Important News Releases for today to directly shake the market but UK Claimant Count Change might effect the sterling currency, and Fed Chairman Ben Bernanke Testifies might come up with something important..
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 14 July 2011:
Short Term Signals:
Usd/Chf Buy 0.7975/80 then 0.7915/20 then 0.7755/60, sell 0.8315/20 then 0.8420/25 then 0.8510/15
Usd/Jpy Buy 78.30/35 then 78.05/10 then 77.50/55, sell 79.60/65 then 79.95/00 then 80.30/35
Gbp/Usd Buy 1.5930/35 then 1.5810/15 then 1.5710/15, sell 1.6315/20 then 1.6375/80
Euro/Usd Buy 1.3980/85 then 1.3850/55 then 1.3740/45, sell 1.4420/25 then 1.4490/95
Medium Term Daily Analysis:
Usd/Chf Bernanke damaged the dollar currency and specifically this pair. Fed Chairman yesterday talks about being ready with his buddies to act with QE3 if economical numbers keep weakening, marked new historic lows for this pair.
Only Intervention by the Swiss National Bank might save this pair & also Euro/Chf Gbp/Chf from more collapsing, and this idea is among SNB thoughts recently..
This pair is still on downtrend, low resistance formed at 0.8160/70, retracement at 0.8220, break is to 0.8330/40 then 0.8360/70 must mainly hold, while on the downside would target our short term buy signals..
Usd/Jpy This pair had nearly same scenario, sent to low levels but kept in reasonable price range due to fears of intervention that appeared as reality & a fast hint on wednesday daily open candle in first minutes when this pair collapsed to 78.50 then spiked up again, and was more effective with the Euro/Jpy & Gbp/Jpy with around 200 pips spike upward.
Today, still on downtrend, low resistance is at 79.10/15, retracement is at 79.30, break is to 80.25/30 then 80.50 must hold, while on the downside would target our short term buy signals if passed yesterday said goos support at 78.40/50(was a good buy again for today early hours but might not hold much with many tests).
Gbp/Usd This pair reversed to uptrend today after a successful breakout strategy powered by Bernanke talks, today looking to possibly retrace to 1.6060/70, break is to 1.6030/35 and below would return it to downtrend channel and this upward move would be seen as a correction of recent collapse, while on the upside is to target our short term sell signals and by this powering this trend movement and forming a front support around 1.6200
Euro/Usd This pair also ended yesterday with a successful breakout strategy(review previous post), but was not enough to base it on uptrend today, instead moving bt.support at 1.4170/80 break is to 1.4000/10, and resistance at 1.4270/80 break is to 1.4320/30 then 1.4350/60, a base above here would confirm upward movement and power it to target our short term sell signals for this pair
Usd/Cad This pair with a successful breakout strategy ended yesterday daily candle, to base on downtrend, retracement at 0.9610/20 break is to 0.9680/90 then 0.9720 must hold, while on the downside would target 0.9470/80 if yesterday low price at 0.9560 is penetrated.
Nzd/Usd This pair spiked up like many others pairs after Bernanke talks of possible QE3, basing on uptrend with new historic high around 0.8500 before retracing possibly to continue to retracement at 0.8360/70, break is to 0.8320/30 then 0.8240/50 must hold while more historic highs are not seen in the picture for today but if occured then new cycle of more historic highs would form.
Euro/Gbp This pair still on downtrend, targetting 0.8755/60 break would extend weakness to 0.8720/30 then 0.8685/90 must hold, retracement is at 0.8820/30 break is to 0.8890/00 then 0.8930/40 must hold
Euro/Chf This pair is still on downtrend, trying to base above low price level at 1.1500/10 to target retracement at 1.1650/60, break is to 1.1890/00 that must hold while new historic lows can be targetted as 1.1420/30 then 1.1360 if low price is penetrated..
Aud/Usd This pair reversed to uptrend, basing above retracement at 1.0710/20 to target high at 1.0870/80 while a base below retracement would target 1.0650/60 but 1.0600 must mainly hold.
Euro/Jpy This pair is still on downtrend, trying to base above 111.30/40 but also finding difficulty to break above retracment at 111.90/00, break is to 114.50/60 then 115.20 must mainly hold while below 111.30/40 might target 110.95/00 then 110.20/25 then 109.60/70 must hold.
Gbp/Jpy This pair is still on downtrend, trying to base above 126.80 low level to target retracement at 127.60/70, break above is to target 128.90/00 that must mainly hold, while below said low price level is to target 126.00/10 then 125.30/35 then 124.60/70 would hold.
Gbp/Chf This pair is still on downtrend, trying to base above low resistance at 1.3120 to target retracement at 1.3200/10 then break is to 1.3360/70 then 1.3400/10 must mainly hold, while new historic lows can be targetted as 1.2975/80 then 1.2915/20 if 1.3040/50 is penetrated first.
Gold is still on powerful uptrend, formed new historic highs after Bernanke Talks.., today retracement is at 1570 break is to 1544/45 then 1525 must hold, while new historic highs might be as 1600 then 1606/07 then 1622/23.
Oil is still on uptrend, targetting high at 99.60/70, retracement is at 97.10/20, break is to 96.80 then 95.00/10 must mainly hold.
*** As traders using my short term signals realized yesterday that you can still gain good pips(10-30) even in dangerous market as news releases and Bernanke Testify yesterday was an example, but you do not need to hold your order for much but Take Profit(10-30) or at worst you could close your order at small gain or loss if you didn't trade accurately by not using the signal if market price is retesting it not directly hit it..
As I gave traders a hint yesterday about correlation, market had done as expected back to correlation rule as Euro/Usd up and Usd/Chf down, hopefully many used this trading tip.
We have an Important News Release today for the Dollar Currency:
- US Core Retail Sales: Buy Usd/Chf & Usd/Jpy if 0.5% or above while Buy Euro/Usd & Gbp/Usd if below 0%
**This news release & other coming crucial ones till next month would be important for traders because good numbers would make traders optimistic about the Fed not going to QE3 and vice versa if numbers kept weakening, since as Bernanke announced QE3 is ready only if numbers kept weakening..
Maybe traders have no faith in the Fed from long time, so any QE3 hint would weaken the dollar but if we keep a close focus at what Fed Chairman said, traders could had realized that QE3 is an option among other 2 options for the Fed next step, not the only one, also just if economical numbers kept weakening..
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 15 July 2011:
Short Term Signals:
Usd/Chf Buy 0.8075/80 then 0.8045/50 then 0.7990/95, sell 0.8210/15 then 0.8245/50 then 0.8290/95
Usd/Jpy Buy 78.20/25 then 77.85/90 then 77.30/35, sell 79.75/80 then 80.10/15 then 80.70/75
Euro/Usd Buy 1.4065/70 then 1.4025/30 then 1.3935/40, sell 1.4280/85 then 1.4335/40 then 1.4405/10
Gbp/Usd Buy 1.6080/85 then 1.6050/55 then 1.6010/15, sell 1.6205/10 then 1.6235/40 then 1.6285/90
Medium Term Daily Analysis:
Usd/Chf This pair still on downtrend, faced good resistance with many tests of yesterday low resistance 0.8160/70 before breaking to around 0.8200 after Bernanke talks in his second testify that Qe3 is possible but not probable(well some mind games from the FED chairman, but as I mentioned yesterday QE3 is an option among other 2 and isn't a definite step by the Fed) but collapsed fast from there after Moody's and S&P warnings about risk of credit rating downgrade,
today trying to base above 0.8130 targetting 0.8195/00, break then base is to target 0.8300/10 then 0.8350/60 must hold, while on the downside to target our short term buy signals.
This pair looks to be moving sideways bt. current prices until a clear decision is seen, besides the US Debt Deal is still a problem trying to be solved by the US President Barack Obama with a pressure on solution by deadline date..
Usd/Jpy This pair is still on downtrend, trying to base above 79.00 to 79.30 break is to target 80.10/20 then 80.40/50 must hold, after yesterday intervention by BOJ(wouldn't admit that for many reasons..) around 100 pips from yesterday said good support at 78.40/50 to around 79.60, looks to be kept in this range and to the upward with buyers around 78.80/90, who would increase around 78.40/50 then 78.00/20 would trigger many buy orders, fear of intervention is still controlling this pair and traders are from one side trying to pressure BOJ by moving prices lower to test BOJ intervention probability because some traders believe that BOJ might find it difficult to always successfully intervene since they'll need someexplaination for that among other economical global countries,
but do not test the BOJ because as Japan Finance Minister said they are always ready with no previous warning.. I believe they'll keep intervening if price drop down to said low range, ofcourse without admitting that, till traders who are selling this pair and powering the yen understand that they'll loose money by doing that..
Gbp/Usd This pair still on uptrend but facing resistance at 1.6180 and below 1.6200, break is to our short term sell signals, while retracement is at 1.6090/00, break is to 1.6040/50 then must hold above 1.6000
Euro/Usd This pair kept moving sideways after finding resistance at 1.4270/80 and not continuing breakout from 1.4170/80 to 1.4000/10 but holding above 1.4100, today resistance at 1.4220/30 break is to 1.4300/10 then 1.4350/60, and support at 1.4150 break is to 1.3980/90
Usd/Cad This pair still on downtrend, below retracement at 0.9600/10 to target 0.9540/50 break would extend weakness to as low as 0.9460/70 while above 0.9620 is to target 0.9670/80 then 0.9700/10 must hold
Nzd/Usd This pair is still on uptrend, kept retracing to target 0.8380/90, break is to 0.8330/40 then break here must hold at 0.8260/70 while on the upside to retest 0.8500/10
Euro/Gbp This pair is still on downtrend, retracement at 0.8795/00, break is to 0.8860/70 then 0.8920 must hold, while low is at 0.8730/40, below would extend weakness to 0.8680
Euro/Chf This pair is still on downtrend, low at 1.1440/50, retracement at 1.1610/20, break is to 1.1810/20 must hold
Aud/Usd This pair is still on uptrend, retracement at 1.0710/15, break is to 1.0660/70 then 1.0630/40 and 1.0600 must hold while high is at 1.0870/80 if first broke above 1.0800
Euro/Jpy This pair is still on downtrend, retracement at 113.40/50 break is to 113.95/00 then break here is to target 115.00/10 that must hold, while low is at 111.00
Gbp/Jpy This pair is still on downtrend, trying to base above 127.50/60 to target 128.50/60 then 128.90/00 must hold while low is at 126.90/00
Gbp/Chf this pair is still on downtrend, retracement is at 1.3195/00 break is to 1.3320/30 then 1.3390/00 must hold, while low is at 1.3080/90
Oil reversed to downtrend, retracement at 96.30/40 break is to 96.60/70 then high is at 99.50/60, below retracement is to target 95.00, below here would extend weakness possibly to 93.50/60
Gold is still on uptrend, retracement is at 1575/76 break is to 1533 then 1527 would hold if reached here with a big collapse.., while high is at 1591/92
We have an Important News Release today for the Dollar Currency:
- US Core CPI: Buy Usd/Chf & Usd/Jpy if 0.3% or above while Buy Euro/Usd & Gbp/Usd if 0 % or below
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 18 July 2011:
Short Term Signals:
Usd/Chf Buy 0.800/85 then 0.8040/45, sell 0.8185/90 then 0.8310/15 then 0.8235/40
Usd/Jpy 78.85/90 then 78.80/85 then 78.65/70, sell 79.25/30 then 79.40 then 79.50/55
Euro/Usd Buy 1.4040/45 then 1.3995/00, sell 1.4210/15 then 1.4240/45 then 1.4295/00
Gbp/Usd Buy 1.6030/35 then 1.5990/95, sell 1.6190/95 then 1.6220/25 then 1.6270/75
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, retracement is at 0.8145/50, break is to 0.8245/50 then 0.8320/30 must hold, while low is at 0.8040/50 if broke below 0.8080
Usd/Jpy This pair is still on downtrend, retracement at 79.20 break is to 79.70/80 then 80.20/30 must hold, while low is at 78.60/70
Euro/Usd This pair is kept on downtrend after sideways movement on friday and unability to base above which lead to base below, retracement is at 1.4120, break is to 1.4160/70, break here would target 1.4290/00, while low is at 1.3940/50
Gbp/Usd This pair still holding on uptrend despite several retracements, retracement is at 1.6100 break is to 1.6040, then below here might extend weakness to 1.5940/50 if based below 1.6000 but would hold above 1.5900,
while would face resistance at 1.6190/00, above would power uptrend..
Usd/Cad This pair is still on downtrend, retracement is at 0.9570/75, break is to 0.9595/00, break here would target 0.9645/50 then break would hold at 0.9690/00, while low is at 0.9450/60
Nzd/Usd this pair still on uptrend, retracement at 0.8420, break is to 0.8370/80 then break here would hold at 0.8300, while high is at 0.8550/60
Euro/Gbp This pair is still on downtrend, low is at 0.8690/00, retracement is at 0.8770, break is to 0.8820, break above here would hold at 0.8900/05
Euro/Chf This pair is still on downtrend, retracement at 1.1495/00, break is to 1.1680, low is at 1.1300/10
Aud/Usd This pair reversed to downtrend after talks of lowering Aussie interest rates, targetting low at 1.0480/90, retracement is at 1.0650, break is to 1.0690/00
Euro/Jpy This pair is still on downtrend, low is at 110.00/10, retracement is at 111.70/75, break is to 112.90/00
Gbp/Jpy This pair is still on downtrend, low is at 126.50/60, retracement is at 127.50, break here is to target 128.20/30, then 128.70/80 must hold
Gbp/Chf This pair is still on downtrend, low is at 1.2990/00, retracement at 1.3100/10, break is to 1.3240/50
Oil is moving sideways, support is at 96.85/90 break is to 95.60/70 then break here woud target 93.50/60, while kept basing above 97.00 would target 97.70, break here is to 98.85/90 and high at 99.80/90 would hold.
Gold is still on uptrend, targetting new historic high at 1613/14, retracement is at 1589, break is to 1569/70 then 1535/36 would hold.
Have A Great Trading Day
Hello Traders,
Forex Signals for 19 July 2011:
Short Term Signals:
Usd/Chf Buy 0.8095/00 then 0.8065/70 then 0.8025/30, sell 0.8215/20 then 0.8240/45 then 0.8290/95
Gbp/Usd Buy 1.5980/85 then 1.5940/45 then 1.5880/85, sell 1.6150/55 then 1.6190/95 then 1.6250/55
Euro/Usd Buy 1.4010/15 then 1.3965/70 then 1.3920/25, sell 1.4175/80 then 1.4205/10 then 1.4275/80
Usd/Jpy Buy 78.85/90 then 78.80/85 then 78.65/70, sell 79.15/20 then 79.25/30 then 79.40
* Pardon Me for some typing mistake for this strategy yesterday, hopefully you understood the doubt numbers. Anyway, mustn't had effected results because of tight price range for pairs yesterday.
Yesterday achievements for these signals were first signals for Usd/Chf sell 0.8185/90, Euro/Usd Buy 1.4040/45, Gbp/Usd Buy 1.6030/35
Remember that TP is 10-30 pips, if you want to target more than 30 pips then the signal must be compatible with the Medium Term Daily Analyis for the certain pair as retracement or high or low or breakout price level,
or as your forex knowledge(if Good) tells you.., while stop loss is at 30-50 pips. Mainly you'll be trading against the daily trend as a bouncing trading strategy especially when a pair is trending but sometimes you might buy or sell at a reversal signal price which would lead to a huge pips gain, or you might be trading in other times in a sideways market where you would trigger a sell order then later on a buy signal.
All depends on market price movement for the certain pair but you'll always be ready for good profits with my signals if you want to keep them running more than 30 or stick to the rule 10-30 and also to SL if you find yourself facing sometime if you didn't adapt the basic rule for this strategy..
Medium Term Daily Analysis:
Usd/Chf This pair is performing a breakout strategy from support 0.8160 to target resistance 0.8220/30, break of support might target low at 0.8050/60 while break of resistance is to target 0.8310/20
Gbp/Usd This pair is squeezed bt. resistance at 1.6080 break is to hold at 1.6190/00, and support at 1.6050/60 break is to target 1.6000 and break here might extend weakness to 1.5900/10
Usd/Jpy This pair is still on downtrend, retracement is at 79.10/20 break is to target 79.50/60 then if breaks above here would hold at 80.20, while low is at 78.50
Euro/Usd This pair is still on downtrend, retracement is at 1.4140/50, break is to hold at 1.4290/00, while basing below 1.4120 is to target low at 1.3950
Usd/Cad This pair is still on downtrend, despite successful breakout strategy yesterday but based below again, resistance at 0.9595/00, break is to 0.9630/40 then 0.9670 then 0.9690/00 must hold, while below support at 0.9570 is to target 0.9520, break here might extend weakness to low at 0.9470/75
Nzd/Usd This pair is still on uptrend but mainly had been moving sideways for some days, today retracement is at 0.8430/40 break is to 0.8390/95 then break is to target 0.8310/20 that must hold, while high is at 0.8550/60
Euro/Gbp This pair still on downtrend, despite hitting very near to yesterday low price then retracing upward, today retracement is at 0.8800/05 break is to hold at 0.8900/10 with some resistance on the way as 0.8830/40 then 0.8850/60, while a base below support at 0.8770 is mgiht target as low as 0.8690/00
Euro/chf This pair is performing a breakout strategy from support 1.1520 to target resistance at 1.1630/40, break above is to target 1.1890/00 while below support is to target 1.1400/10, break here would extend weakness
Gbp/Chf This pair is also performing a breakout strategy from support at 1.3120 to resistance at 1.3200/10, break above is to 1.3340/50 while below support is to 1.3030/40, break here would extend weakness to 1.2970/80
Mainly the Chf pairs look as if would cover the past days weakness with a weak chf currency started from yesterday but lets wait and see if the breakpout strategies would end successfully..
Gbp/Jpy This pair is still on downtrend, basing below retracement at 127.20/25 to target low at 126.30/40, while break above retracement is to 127.70/80 then break here would extend gains to 128.70/80
Euro/Jpy This pair basing below retracement at 111.70/80 targetting low at 109.80/90, while break of retracement is to target 112.50/60, break here would extend gains ot 114.60/70 that would hold.
Gold is still on uptrend, targetting high at 1623/24, retracement is at 1595/96, break is to 1577/78 then break here would hold at 1540/41
Oil is still moving sideways, basing above 96.60 is to target 97.50/60 break here would target 98.80/90 but high at 99.30/40 would hold, while basing below 96.60 is to target 95.90 then 95.00/10, below must hold at 94.60/70, break here would extend weakness to 93.50/60
We have an Important News Release today for the Canadian Dollar:
- CAD BOC Rate Decision: Buy Usd/cad if 0.75% while sell if 1.25%, current rate is 1 % and is expected to be kept as it, so BOC statement would be the measure for direction of this pair, wait for marlet to decide direction if rate is kept the same, then trade according to this pair daily analysis contents..
* Well, Some traders blame me for not talking much about News Releases achievements which are very effective with big number of pips gains and high % of accuracy.
I'll go back to a recent news release which was on friday for the Dollar Currency """US Core CPI: Buy Usd/Chf & Usd/Jpy if 0.3% or above..."
The number came out exactly at 0.3% and as you remember both pairs spiked up..
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 20 July 2011:
Short Term Signals:
Usd/Chf Buy 0.8140/45 then 0.8095/00 then 0.8040/45, sell 0.8315/20 then 0.8350/55 then 0.8420/25
Usd/Jpy Buy 78.80/85 then 78.60/65 then 78.40/45, sell 79.40/45 then 79.50/55 then 79.80/85
Gbp/Usd Buy 1.6035/40 then 1.5995/00 then 1.5935/40, sell 1.6200/05 then 1.6240/45 then 1.6305/10
Euro/Usd Buy 1.4055/60 then 1.4000/05 then 1.3935/40, sell 1.4255/60 then 1.4295/00 then 1.4380/85
Medium Term Daily Analysis:
Usd/Chf This pair is trying to base on uptrend today after a successful breakout strategy yesterday, with optimisim about US Debt Ceiling solution.., basing above 0.8200/10 to target 0.8310/20, break here would extend gains to our other 2 short term sell signals, while below 0.8200 is to target our short term buy signals.
Usd/Jpy This pair couldn't keep the power of a powerful upward movement after a solution for the US debt ceiling appeared, and filtered below today retracement at 79.40, break is to target 80.10/20 while a base below 79.10 would target our short term buy signals for this pair
Gbp/Usd This pair nearly completed a successful breakout strategy yesterday started from resistance 1.6080 to target 1.6190/00(market price held at 1.6178), trying to base today on uptrend above 1.6100/10 to target 1.6200/05, break is to the other 2 short term sell signals, while below 1.6100 is to target our short term buy signals.
Euro/Usd This pair also had a good breakout strategy but failed to continue to kept moving up and down waiting for a clear decision & solution for Greece debt problem besides many other problems that the Euro-Zone might keep facing..
I believe that a reach to 1.4220 was very optimistic, also taking in consideration German Zew Sentiment very bad news release that was expected before number came out as more bad than expected but Euro kept optimism about a solution for Greece bebt with Euro Summit..
Today trying to base above 1.4140 to target 1.4290/00 while below is to target our short term buy signals.
Usd/Cad This pair kept downtrend and came shy of our yesterday low price 0.9470/75(had held at 0.9482) but ofcourse you enjoyed a very successful breakout strategy from 0.9570 support level, today low price is at 0.9470/75, retracement is at 0.9540, break is to 0.9580 then 0.9600/10
Nzd/Usd This pair still on uptrend, targetted our high 0.8550/60 with a little boost to 0.8570, today high is at 0.8575/80, retracement is more favoured to target at 0.8495/00, break is to 0.8420 then 0.8340/50 must hold if a powerful bearish candle occur.
Euro/Gbp This pair held at yesterday retracement at 0.8800/05 and kept on downtrend, today retracement is at 0.8795/00, break is to target 0.8895/00 high price, while basing below 0.8770/80 would target as low as 0.8670/80 low price
Euro/Chf This pair covering past days of weakness as other chf pairs had done yesterday with a successful breakout strategy, trying to base on uptrend today above 1.1600/10 targetting 1.1880/90 while below 1.1600 is to target 1.1520/30, break here is to as low as 1.1450/60
Gbp/Chf This pair in same scenario with successful breakout stratgey, basing on uptrend above 1.3200/10 targetting 1.3350/60, break would extend weakness to 1.3420/30 then 1.3480/90 must hold while below 1.3200/10 would target 1.3090/00 then 1.3000/10 must hold
Aud/Usd This pair basing on uptrend, above retracement 1.0690/00 targetting high at 1.0820/30 while below retracement would target 1.0620 then 1.0570/80 must hold
Euro/Jpy This pair is squeezed bt. resistance at 112.20/30 break is to 114.40/50 and support at 111.90/95, break might target low at 109.80/90 with supports on the way as 111.20 then 110.70/75 then 110.30/40
Gbp/Jpy This pair is also in same scenario.., trying to base on uptrend above 127.60 to target 128.60/70 while below 127.50 might target low price at 126.30/40
Oil with a successful breakout strategy yesterday started from 96.60 targetted 98.80/90 to base it on uptrend today, above retracement at 97.70 break is to 97.00 then break here would target 96.30/40, below would extend weakness to possibly 95.00/10 while high is at 99.40/50
Gold is looking to leave uptrend after long days(around 14 days) on uptrend, basing below 1591/92 to target 1580/81, break here would extend weakness and confirm downtrend to target as low as 1545/46, while a comeback & base above 1591/92 might target 1610 then a break here would target high at 1625/26
We have 2 Important News Releases today for the Sterling & Dollar Currencies:
- UK MPC Meeting Minutes: Buy Gbp/Usd if 3 Vote for Hike while Sell if 2 Vote for Quantitative Easing or if Asset Purchasing facility is raised above 200 Billion.
Mainly, the sterling is facing a bad overall situation, look to blindly sell this pair if numbers get compatible because this currency looks to weaken, but on the other hand wait for a clear market direction movement if numbers are kept as forecasted..
- US Existing Home Sales: BUY Usd/Chf & Usd/Jpy if 5.10M or above while Buy Euro/Usd & Gbp/Usd if 4.60 M or below
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 21st July 2011:
Short Term Signals:
Usd/Chf Buy 0.8165/70 then 0.8140/45 then 0.8105/10, sell 0.8270/75 then 0.8295/00 then 0.8335/40
Usd/Jpy Buy 78.45/50 then 78.30/35 then 77.95/00, sell 79.30/35 then 79.55/60 then 79.75/80
Gbp/Usd Buy 1.6070/75 then 1.6030/35 then 1.5990/95, sell 1.6215/20 then 1.6240/45 then 1.6305/10
Euro/Usd Buy 1.4135/40 then 1.4080/85 then 1.4025/30, sell 1.4330/35 then 1.4360/65 then 1.4450/55
Medium Term Daily Analysis:
Usd/Chf This pair kept on uptrend started yesterday after basing again above 0.8200/10 retracement level, break is to our short term buy signals while above is to target 0.8310/20 then a base above here would power the trend..
Usd/Jpy This pair is kept on downtrend after breaking below 79.10 targetted our short term buy signals, today retracement lowered to 79.95/00, break is to 79.10/20, abpve here would target our short term sell signals for this pair and possibily near 80.00 level, while low is at 78.10/20
Gbp/Usd This pair kept uptrend after reversing from 1.6068 yesterday low, retracement is at 1.6130/35, break is to 1.6090/00 then 1.6060/70 must hold but if broken and based below trend direction would change and target our other 2 short term buy signals for this pair while high is at 1.6220, a base above would power the trend
Euro/Usd This pair kept on uptrend from yesterday after basing above 1.4140, but looking to face resistance today at 1.4290/00, above would power trend to our short term sell signals, retracement is at 1.4200/05, break is to 1.4150/60 then a base below 1.4140 would change direction to target our short term buy signals for this pair
Usd/Cad This pair still on downtrend, broke below our yesterday low price by around 13 pips(to 0.9457) then filtered at that low level retracing up again, targetting today retracement at 0.9500/10, break is to 0.9560 then 0.9590/00 and 0.9660/70 must hold if reached, while I do not see any further low price than 0.9460 at least for today.
Nzd/Usd This pair still on uptrend, targetted our high price for yesterday then retraced downward, today retracement is at 0.8520/30, break is to 0.8440/50 then a break here if occured would target 0.8370/80 that must hold, while another high price is at 0.8590/00 that must hold but if based above then more power for the trend would continue in coming days..
Euro/Gbp This pair is basing on uptrend today, above 0.8800/05 targetting 0.8890/00 with resistance on the way at 0.8850, a base above 0.8900 would power the trend, while below 0.8800 is to target 0.8750/60 then break is to 0.8700/10 but low price level at 0.8670/80 must hold
Euro/Chf This pair is still on uptrend started yesterday, targetting 1.1870/80, above here would more power the trend, while retracement is at 1.1650/55 break is to 1.1600/05, a base below would change direction to target 1.1510/20
Gbp/Chf This pair is still on uptrend started yesterday, targetting 1.3350/60 that would be a good resistance, if broken would extend gains and power the trend, retracement is at 1.3230/40, break is to 1.3190/00, a base below would target 1.3100/10
Gbp/Jpy This pair kept downtrend after being rejected from above and basing below 127.60 targetting low level at 126.10/20, while above 126.60 is to target 128.50/60
Euro/Jpy This pair is in a better situation after basing above 112.00/10 targetting 114.20/30, while a base below would target 111.10/20 then possibly 110.60/70
Aud/Usd This pair is stull on uptrend, retracement is at 1.0700/10, break below 1.0690 is to low price level at 1.0600/10, while high is at 1.0810/20
Gold is kept on uptrend after retracing to said yesterday price at 1581 then basing above retracement for today at 1595 targetting as high as 1632/33 if broke above 1610 at first, while break of today retracement is to target 1587/88 then break here would extend weakness to 1550/51
Oil is still on uptrend, despite filtering at our yesterday said high price level but based today above retracement at 97.80/90 break is to 97.10/20 then a break here would target 96.60/70, below must hold at 0.9510/20 but if broken 93.90/00 is the low level for today, while high resistance price is at 99.20/30, a base above if happens would power the trend.
We have 2 Important News Releases today for the Sterling & Dollar Currencies:
- UK Retail Sales: Buy Gbp/Usd if 0.8% or above while Sell if below 0%
- US Unempolyment Claims: Buy Usd/Chf & Usd/Jpy if below 380K while Buy Euro/Usd & Gbp/Usd if above 420K
Also Forex News to closely look at today is the EU Economic Summit that would directly effect the Euro Currency, while on the other hand there's Fed Chairman Ben Bernanke Testify, I believe that if Mr. Ben comes out with rubbish talks as usual and the dollar especially Usd/Chf & Usd/Jpy pairs collapse again to low price levels than better from Mr. Obama to eliminate Mr. Ben from the Fed Job,
and I am sure that both pairs would spike up only after the Fed Chairman leaves with no comeback because no trader would imagine that there would exist a more bad policy than Bernanke's Fed Policy that had only favoured his and Dudley's(Fed Vice President) partner & friend the "Goldman Sachs", keeping the US Economy at the most dangerous situation in its history, besides other factors as bad political actions if I want to talk Generally..
It is really funny but also painful for some traders that rely on the dollar power especially for Usd/Chf & Usd/Jpy pairs that at any new news release for the dollar currency or specifically a press conference for Fed Chairman, both pairs start to weaken before few hours then few minutes from Mr.Bernanke talking, while on the other hand the Euro powers when ECB President Trichet have a press conference.
Well, because it's not a secret that most traders hadn't and aren't trusting the Fed policy decisions so far, and the same guy is kept at top of the Fed ruining the US Economy from Bush Presidency era till President Obama era that was a surprise to keep Bernanke at his Fed Job, maybe because after destroying the dollar currency Mr. Bernanke is heading to destroy the global economy to finsih his job perfectly before the US Government realize that his not the man for the Fed Job, with no solution but to always "print more money".., but maybe kept to get pictured for his "Nice Beard", but also my Uncle has a better Nice Beard, so he is surely also qualified for a Fed Job if bernake is...
Have A Great Trading Day Traders