Forex Buy & Sell Trading Signals - page 7
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Hello Traders,
Forex Signals & Daily Analysis for 5th August 2011:
Short Term Signals:
Usd/Chf Buy 0.7545/50 then 0.7510/15 then 0.7395/00, sell 0.7785/90 then 0.7860/65 then 0.7920/25
Usd/Jpy Buy 76.50/55 then 75.40/45, sell 80.95/00 then 81.95/00 then 83.70/75
Gbp/Usd Buy 1.6160/65 then 1.6115/20 then 1.5990/95, sell 1.6425/30 then 1.6505/10 then 1.6575/80
Euro/Usd Buy 1.3955/60 then 1.3900 then 1.3710/15, sell 1.4345/50 then 1.4465/70 then 1.4560/65
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend after a false breakout & unability to base on uptrend, retracement is at 0.7710/20, break is to 0.7840/50, above here would target 0.8020/30, while low is at 0.7570/80. below is to our short term buy signals
Usd/Jpy This pair is still on uptrend from yesterday intervention, targetting a retest of 80.20/30, break is to 80.90/00, while retracement is at 78.30/40 break is to 77.80
Euro/Usd This pair is still on downtrend, targetting 1.3940/50 low price level, below would extend weakness fast to target our short term buy signals, retracement is at 1.4170/80, break is to 1.4230/40 then 1.4290/00
Gbp/Usd This pair is on downtrend, targetting our short term buy signals(if broke 1.6220 would go there fast), retracement is at 1.6295/00, break is to 1.6330/40
Usd/Cad This pair is still on uptrend, The Looney or Canadian dollar currency effected by Oil weakness, retracement is at 0.9700/10, break is to 0.9660/70, while powerful uptrend contiuation is to 0.9910/15 then 0.9955/60 but must mainly filter below 1.0000
Nzd/Usd This pair is still on downtrend, targetting 0.8190/00, break would target 0.8070/80, retracement is at 0.8470/80, break is to 0.8530/40 then 0.8620/30 would hold(if reached)
Euro/Chf This pair failed to breakout and kept on downtrend, retracement is at 1.0920/30, break is to 1.1200/10, above would target 1.1420/30, while would not target new historic lows.
Euro/Gbp This pair is still on downtrend that is more powerful now by basing below low resistance at 0.8670/80, targetting 0.8620/25 then 0.8595/00 then 0.8530/40, retracement is at 0.8695/00, break is to 0.8745/50 then 0.8770/80
Gbp/Chf This pair failed to base on uptrend, would not target more new historic lows, retracement is at 1.2560/70 break is to 1.2800/10 then 1.3010/20
Aud/Usd This pair is still on downtrend, below 1.0420 would extend weakness fast to target 1.0300/10 then 1.0240 then possibly 1.0020/30, retracement is at 1.0610/20, break is to 1.0760/70
Euro/Jpy This pair is still on uptrend from yesterday intervention, targetting 113.50/60, above here is to 116.00/10(if reached but anything is possible), while low price level is at 109.70/80(buy order if reached).
Gbp/Jpy This pair is still on uptrend after yesterday intervention, above 128.90/00 would more power the trend to target 130.80/90 and then possibly 131.50/60, retracement is at 127.70/80, break is to 127.30/30 then above 127.00/10
Gold is still on uptrend but might change this view if bases below retracement at 1645 targetting 1632/33, below would target 1609/10
Oil is still on downtrend that is more powerful now wioth low resistance at 88.50, retracement is at 89.70, break above 90 is to 94.10/20, while more collpase is to low support levels at 83.20/30 then 81.70/80 then as low as 77.50/60
***There is a big War not battle bt. Big Central Banks and some trader, investors..people who still searching for a safe currency with consistent worries of EuroZone & US Debt Problems, so heading to buying Swissie, yen & Gold, especially the latter now after fears of another intervention on yen pairs, besides an intervention by Swiss National Bank and others on Chf pairs would put this currency on fears to keep buying as fears with yen currency now, so people who are afraid of a disaster or weakening of basic currencies are heading to basically buy Gold which isn't Money as Mr. Ben Genius Said in a previous Testify, but it's still "something" that can be exchanged for money or kepy for safe when needed Mr. Ben Genius.
What is obvious & clear now is that the dollar currency is trying to return its basic situation as the world's safe haven currency(that was at past), powering against all currencies except the Swissie for now but further intervention might let people who are buying the Swissie understand once and for all to stop that habit and rely on the dollar again.
Ofcourse, all that also depends on Mr. Bernanke & his Fed Buddies coming talks as today's Crucial News Release the NFP, if he wants to return to same boring talks of quantitative easing with QE3 then better for all of us to find ourselves a new job...LOL till this Mad Genius & his buddies are isolated once and foreever from their jobs...besides you can make the first step Timmothy Geithner by retiring from your treasury secretary job as you said you'll do when the Debt deal is reached so what's going on dude..still here..lol
We have 2 Very Important News Releases for today for the Canadian Dollar & the Dollar Currency:
- CAD Employment Change: Buy Usd/Cad if below 0K while Sell if 40K or above
- NFP: Buy Usd/Chf & Usd/Jpy if above 120K while Buy Euro/Usd & Gbp/Usd if below 30K
UnEmployment Rate would also have big impact on this news release that is expected to stay at 9.2% but if more than this number comes out as actual then weakness would be for dollar currency, ofcourse if also the NFP number comes weak, while if Rate comes out as below 9.2% then the dollar must power fast.
Today is Very Important for coming days overall market direction, would NFP keep the dollar powering or would it as mostly weaken the dollar as with last NFP dragging down the Usd/Chf pair from 0.8300 to current low price levels and mixing the whole global economy by more powering the CHf & Gold then possibly the Yen, for us to face more fight of power bt. the Big Central Banks decision that the Swissie & Yen pairs are very overvalued and their economy is loosing moneyin this situation so intervention would be the only always answer till traders, investors & people undertsandt hat clearly once & forever..
Have A Great Trading Day
Hello Traders,
Forex Signals & Daily Analysis for 9th August 2011:
Short Term Signals:
Usd/Chf Buy 0.7440/45 then 0.7390/95 then 0.7300/05, sell 0.7670/75 then 0.7730/35 then 0.7805/10
Euro/Usd Buy 1.4015/20 then 1.3945/50, sell 1.4420/25 then 1.4540/45
Usd/Jpy Buy 77.15/20 then 76.90/95 then 76.35/40, sell 78.50/55 then 78.85/90 then 79.25/30
Gbp/Usd Buy 1.6225/30 then 1.6180/85 then 1.6070/75, sell 1.6465/70 then 1.6540/45
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, low is at 0.7460/70, break would target our short term buy signals, retracement is at 0.7600/10, break is to 0.7740/50 then above here would target 0.7940/50
Euro/Usd This pair is moving sideways but with downtrend basis, below retracement at 1.4200/10 targetting 1.4020/30, below would extend weakness, while above retracement is to 1.4350/60 good resistance then if broken to 1.4340/50
Gbp/Usd This pair is moving sideways but with downtrend basis, retracement is at 1.6340/50, break might target 1.6470/80 but would filter below 1.6500(around 1.6495/00), while on the downside would target 1.6260/70 then break is to 1.6170/80, break would extend weakness..
Usd/Jpy This pair is moving sideways after intervention had lost most of gains, today moving bt. 77.50/60 break is to 76.60/70 low price level, and 77.90/00 break is to 78.20, above would extend gains to our short term sell signals.
Usd/Cad This pair is still on uptrend, high support is at 0.9900, retracement at 0.9830/40, break would hold at 0.9680/90, while high price levels are around 1.0000 then 1.0015/20 and 1.0050/60
Nzd/Usd This pair is still on downtrend, low resistance is forming at 0.8200 if price kept collapsing downward to target 0.8100 then 0.8050 and possibly 0.7900 if broke below 0.8000, retracement at 0.8320/30 break is to 0.8540/50
Euro/Chf This pair is still on downtrend, low price level at 1.0600/10 below would extend weakness, retracement at 1.0810/20 break is to 1.1040/50 then above here might target 1.1330/40
Euro/Gbp This pair is still on downtrend, low price level is at 0.8660/70 below would extend weakness, retracement is at 0.8695/00, break is to 0.8720/30 then 0.8760/70
Gbp/Chf This pair is still on downtrend, low price level at 1.2230/40, below would extend weakness, retracement is at 1.2420/30 break is to 1.2650/60, above here might target 1.2920/30
Aud/Usd This pair is still on powerful downtrend, low resistance at 1.0240/50, retracement at 1.0350/60, above here might target 1.0620/30(if possible), while more low price levels are at 1.0050/60 then 1.0000
Gbp/Jpy This pair is moving sideways after intervention but on downtrend basis now, below retracement at 126.90/00 targetting low at 125.70/80, while above retracement is to 127.20/30 then as high as 128.70/80
Euro/Jpy This pair is with same scenario, below retracement at 110.60/70 targetting low at 109.40/50 while above retracement is to 111.40/50, above might target 112.60/70
Gold is still on uptrend, high support at 1705, retracement at 1692/93, break is to 1654/55, while more historic highs can be at 1537/38 then 1745/46 and possibly 1770/71
Oil is still on powerful downtrend, low resistance at 82.90/00, retracement at 84.30/40, break is to 90.50/60, while more lows are at 78.00/10 then 76.80/90 and possibly 73.50/60
We have Very Important News Releases for the Sterling, Canadian Dollar & Dollar Currencies:
- UK Manufacturing Production: Buy Gbp/Usd if 1.5% or above while sell if below 0%
- CAD Housing Starts: Buy Usd/Cad if 180K or below while sell if 210K or above
- US FOMC Statement & Federal Funds Rate: Buy Usd/Chf & Usd/Jpy if rate is increased(surprisly) while Buy Euro/Usd & Gbp/Usd if rate is decreased.
Main focus would be at FOMC Statement if would hint at QE3 or keep optimism about somehow good NFP numbers & UnEmployment rate %(last friday news release)...
Lets see what Fed Chairman Ben Bernanke & his buddies are hiding for us from a gift surprise which is usually a bad one..I do not remember a near date that a FOMC Statement had powerded the Dollar Currecny, always upset to more upset statements...but lets wait and see..
***Bernanke & his dudes well know what they say would mainly decide the dollar power or weaknes and the market overall movement which lead to a more power Yen and Chf also Gold when the Dollar is weak, so I can't understand why do they have to fight and offend Standard & Poor's rating downgrade(to double A from triple A), and why should they force Swiss National Bank & Bank of Japan with consistent actions as interventions and more interest rates cuts, while the FED does nothing and the magic stick is in the Fed's hands.
Simply, as being optimistic about coming economical data, hinting QE3 is not a possible option and far wawy from consideration, giving some dates of possible rate hike, saying that Current market movements are hurting the golbal econiomy and that they are ready for action if prices kept in current state or drove more down, instead of talking of possible QE3 that they well know that would more damage the dollar.
Fed must act to prevent more collapsing of global economy but if they instead decide to madly act as had been with QE2 then we do not want any new QE(QE3), simply Go Home Guys..you are not in right place nor time for this crucial market crisis situation...Enough said for now
Have A Great Trading Day
Hello Traders,
Forex Signals & Daily Analysis for 10th August 2011:
Short Term Signals:
Usd/Chf Buy 0.6900/05 then 0.6760/65, sell 0.7615/20 then 0.7810/15
Usd/Jpy Buy 76.30/35 then 76.00/05, sell 77.85/90 then 78.30/35 then 78.80/85
Gbp/Usd Buy 1.6140/45 then 1.6065/70, sell 1.6465/70 then 1.6535/40
Euro/Usd Buy 1.4170/75 then 1.4075/80 then 1.4000/05, sell 1.4475/80 then 1.4525/30
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, low resistance at 0.7260/70, break is to retracement at 0.7390/00, above would target 0.7630/40, while more new historic lows is our short term buy signals.
Usd/Jpy This pair is still on downtrend, retracement at 77.40/50, break is to 78.00/10, above here would target 79.50/60, while low is at 76.40/50
Gbp/Usd This pair is still moving sideways with downtrend basis, retracement at 1.6320, break is to 1.6340/50, above here would target 1.6400/10 then to our short term sell signals, while support is at 1.6280 break is to 1.6190/00
Euro/Usd This pair is still moving sideways on uptrend today, above retracement at 1.4300/10, break is to 1.4270/80, below is to our short term buy signals, while on the upside is to our sort term sell signals if broke above 1.4420/30
Usd/Cad This pair is still on uptrend, despite huge fall(effected with Oil upward retracement and Fed Madness) after hitting our yesterday first target at 1.0000, retracement is at 0.9700, break is to 0.9600/10, high is at 0.9890/00, break might retest 1.0000
Nzd/Usd This pair is still on downtrend, trying to break to the upside by basing above retracement at 0.8360/70 targetting 0.8540/50, while below is to target 0.8240/50 then possibly as low as 0.8100/10
Euro/Chf This pair is still on downtrend, low resistance might be forming at 1.0390/00, break is to retracement at 1.0570/80, above is to 1.0890/00(if possible), while on the downside might retest 1.0060/70, but must filter above 1.0000
Euro/Gbp This pair is moving sideways but on uptrend basis today, retracement at 0.8760/70, break is to 0.8730/40 then to as low as 0.8670/80(if possible), while on the upside 0.8820/30 would form resistance above is to hold at 0.8860/70
Gbp/Chf This pair is still on downtrend, low resistance at 1.1890/00, break is to retracement at 1.2060/70, above here is to 1.2460/70(if reachable), while would not target new historic lows.
Aud/Usd This pair is still on downtrend, trying to break to the upside by basing above 1.0380 targetting 1.0630/40 then would hold at 1.0710/20, while low is at 1.0240/50, below would extend weakness
Gbp/Jpy This pair is still on downtrend, retracement at 126.30/40, break is to 126.60/70 then 127.00/10and possibly 127.80/90 while low is at 125.30/40
Euro/Jpy This pair on uptrend, above retracement at 110.30/40, targetting 111.10/20, above would extend gains, while below retracement is to 110.00/10, below might target 109.30/40
Gold is still on uptrend, high support at 1730, retracement at 1718/19, break is to 1669/70, while more hsitoric highs can be at 1787/88 then 1809/10 then 1839/40
Oil is still on downtrend, retracement at 83.30/40, break is to 89.20, while low is at 81.20/30, below is to 75.70/75 then 72.80/85 then possibly 70.00
***It seems that Mr. Ben Genius & his buddies got Crazy Mad.. to the maximum extent by not only announcing "extended period" but also setting a date for kept low interest rate till mid-2013 with foolish words as exceptionally & at least.
Are you joking me Fed Chairman?!! Till 2013?! Do you guarantee yourself or your president at your current posts or jobs till that date?! Ofcourse not. Is that weak the US Economy to follow such procedure?! Maybe, but not to this extent measurement.
But is this the only option that the Fed can act accordingly?! I say No, but simply you have no decision, you do not know what to do, at least the BOJ or even the SNB can intervene to stop this crazy market movements which is leading to powering their currencies and weakening their economies, while what you do FED but damage the whole global economy with your consistent bad steps from worse to more worse.
What did your QE2 do but higher prices in different categories starting with food... And, I would not be surprise after this FOMC Statement for you to announce QE3 in next meeting.
The somehow joke about seeing Usd/Chf at 0.80 then 0.75 then 0.70 is now becoming more reality and 0.50 might not be too far anymore.
Besides, I believe the buying of Chf Currency is somehow becoming a habit more than actual traders who know what they are doing especially that there are many outsiders in the forex & other markets in recent years who do not really know how to trade or really what's forex or stocks or futures but only riding the momentum that says everybody is selling this or that chf pair so lets join the game and gain quick money which is effecting the markets on the long run with no logical fundamental or technical movements for certain pairs.
Anyway, I believe that the only answer for this is Intervention which is succeeding greatly with yen pairs that are stopping at certain low price levels without further declines due to huge fear of Intervention. That fear must start to appear in Chf pairs if same procedure of consistent intervention occurs to at least put low price levels limits for Chf pairs crazy collapse movements.
Have A Great Trading Day
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
GbpJpy 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