Forex Buy & Sell Trading Signals - page 11
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Hello Traders,
Forex Signals & Analysis for 3rd October 2011:
Short Term Signals:
Usd/Chf Buy at 0.8970/75 then 0.8915/20, sell at 0.9135/40 then 0.9160/65 then 0.9240/45
Usd/Jpy Buy at 76.45/50 then 76.15/20 then 75.85/90, sell at 77.40/45 then 77.60/65 then 78.00/05
Euro/Usd Buy at 1.3280/85 then 1.3235/40, sell at 1.3580/85 then 1.3670/75
Gbp/Usd Buy at 1.5495/00 then 1.5455/60, sell at 1.5680/85 then 1.5725/30
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.9040/45, break is to 0.9010/15, below would target our short term buy signals while above is toward our short term sell signals and high is at 0.9180/90
Usd/Jpy This pair is still basing on uptrend, retracement at 76.85/90, break is to 76.60/65, below here is toward our short term buy signals, while on the upside toward our short term sell signals and high at 76.65/70
Euro/Usd This pair is still on donwtrend, retracement at 1.3455/60, break is to 1.3520/30, above here to target our short term sell signals and 1.3665/75 must hold, while low is at 1.3280/90, below would extend weakness to 1.3230/40
Gbp/Usd This pair is still moving sideways, below 1.5550 is toward our short term buy signals, while above 1.5580/85 is toward our short term sell signals
Usd/Cad This pair is stil on uptrend, retracement at 1.0400/05, break is to 1.0360/65 then 1.0295/00, while high is at 1.0535/45, above here would more power the trend toward 1.0570/75 then 1.0600/05
Nzd/Usd This pair is still on downtrend, retracement at 0.7690/00, break is to 0.7745/50 then 0.7780/85 and 0.7820/30 must hold, while low is at 0.7530/40
Euro/Chf This pair is moving sideways, below support at 1.2130 is toward 1.2100/05 then 1.2080/85, while above resistance at 1.2165/70 is to 1.2185/90, above here would target 1.2205/10 then 1.2235/40 and possibly 1.2270/75
Gbp/Chf This pair is still on uptrend, retracement at 1.4090/95, break is to 1.4015/20, while above resistance at 1.4180/90 would more power the trend toward 1.4230/35 then 1.4270/75 and possibly 1.4380/85
Euro/Gbp This pair is still on downtrend, retracement at 0.8630/40, break is to 0.8685/95 that must hold, while a base below low at 0.8570 would extend weakness targetting 0.8520/25 then possibly 0.8490/95
Aud/Usd This pair is still on downtrend, retracement at 0.9735/45, break is 0.9795/00 then to 0.9845/55, while low is at 0.9480/90 with supports on the way as 0.9585/90 then 0.9555/60
Euro/Jpy This pair is back to downtrend with an overall sideways movement, retracement at 103.45/50 break is to 103.65/70, above here is toward 104.95/00 then 105.45/50 must hold, while on the downside to target 102.35/40 then 102.05/10
Gbp/Jpy This pair is still moving sideways with uptrend basis, retracement at 119.80/85, break is to 119.20/25, below here to target 118.80/85 then possibly 118.25/30, while on the upsdie toward 120.65/70, above here would power the trend to target 121.10/15 then 121.60/65 and possibly 122.50/55
Oil is still on downtrend, targetting low at 77.20/30, below here would extend weakness to 76.40/45 then 75.35/40, while retracement at 80.10/20, break is to 81.70/80
Gold is still on downtrend, retracement at 1628/29, break is to 1644/45, above here would target 1657/58 then 1673/74
We have 2 Important nNews Releases today for the Sterling & Dollar Currencies:
- UK Manufacturing PMI: Buy Gbp/Usd if 51 or above while sell if 47 or below
- US ISM Manufacturing PMI: Buy Usd/Chf & Usd/Jpy if 53 or above while Buy Euro/Usd & Gbp/Usd if 48 or below
* I would also keep close look at Chf retail sales and SVME PMI numbers that must effect this currency.
**Traders, do not take the forex market too seriously, as if there's something logic going there. Nothing is logical, just enjoy trading according what my daily analysis tell you and minimize risk in such mad market situations that even charts get crazy with such moves.
We currently have Euro/Usd at 1.33, despite all EuroZone problems but what about the US debt problem that is just postponed not solved.
If this pair is at this level with low rates till mid-2013 by Bernanke Fed then what would it be if bernanke decide to raise rates, we'll get Euro/Usd at 1.000 or below. I am telling you, for each situation its time, now the momentum is downward for this pair, maybe today or tomorrow it would start upward for another nonsense reason like markets and all forex tv stations heading to talk & remind about the US debt problem or they'll create any story to start a Euro upward movement.
Germany and its merkel who i do not know if she's the real president..lol is the main problem of the Eurozone besides some countries as Greece which must be removed from this zone to a better Euro future and GDP would improve fast.
Hitler must be crazy in his grave seeing germany led by such lady(this word just for respect..lol).
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 4th October 2011:
Short Term Signals:
Usd/Chf Buy at 0.9085/90 then 0.9030/35, sell at 0.9280/85 then 0.9305/10 then 0.9400/05
Usd/Jpy Buy at 76.20/25 then 76.00/05, sell at 77.20/25 then 77.50/55 then 77.80/85
Euro/Usd Buy at 1.3070/75 then 1.3020/25, sell at 1.3365/70 then 1.3455/60
Gbp/Usd Buy at 1.5350/55 then 1.5320/25, sell at 1.5570/75 then 1.5640/45
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.9120/25, break is to 0.9050/60, while high is at 0.9245/50, break would more power the trend toward our short term sell signals
Usd/Jpy This pair is still moving sideways, below 76.55/60 is to target our short term buy signals and low is at 76.00/10, while above 76.70 is to 76.80, a base above is toward our short term sell signals
Euro/Usd This pair is still on downtrend, below 1.3160/70 is toward our short term buy signals, while retracement at 1.3320/30, break is to 1.3450/60
Gbp/Usd This pair reversed again to downtrend, affected by Euro weakness, retracement at 1.5510/20, break is to our short term sell signals, while on the downside to our short term buy signals and low price level is at 1.5300/10
Usd/Cad This pair is still on uptrend, retracement at 1.0460/65, break is to 1.0440/45 then 1.0390/95 then 1.0350/55, while high is at 1.0610/20 with also resistance at 1.0595/00
Nzd/Usd This pair is still on downtrend, retracement at 0.7600/10, break is to 0.7630/35 then 0.7680/85 and possibly 0.7720/25, while low is at 0.7435/40 with support at 0.7465/70 on the way, below would extend weakness toward 0.7365/70
Euro/Chf This pair is still moving sideways, below 1.2120/25 is to target 1.2105/10 then 1.2090/95 and possibly 1.2065/70, while above 1.2155 is to 1.2170/75 then 1.2185/90, break is to 1.2205/10
Gbp/Chf This pair is still on uptrend, retracement at 1.4140/45, break is to 1.4080/85 then 1.40445/50 and 1.4020/25 must hold, while high is at 1.4225/30, break would more power the trend toward 1.4290/95 then possibly 1.4320/25
Euro/Gbp This pair is still on downtrend, below 0.8530/35 would extend weakness toward 0.8485/90 then 0.8460/65, while retracement at 0.8595/00, break is to 0.8625/30 then 0.8670/75
Aud/Usd This pair is still on downtrend, low at 0.9380/85 with supports on the way at 0.9440/45 and 0.9405/10, while retracement at 0.9630/40, break is to 0.9680/85 then 0.9755/60
Euro/Jpy This pair is still on downtrend, low is at 100.70/75, below would extend weakness toward psycological level at 100 and increase possibility of intervention or a big spike, retracement at 102.15/20 break is to 103.00/10 then possibly 103.95/00
Gbp/Jpy This pair is back to downtrend, retracement at 118.85/95, break is to 120.15/25, while on the downside to target 117.15/20 then 116.70/75
Oil is still on downtrend, low at 75.50/60, below would extend weakness to 74.75 then 74.00, while retracement at 78.35/45, break is to 79.30/40 then 80.50/60
Gold is trying to break downtrend to uptrend, above 1670 is to 1681/82 then 1692/93 and possibly toward 1719/20, while below support at 1648/49 is keeping downtrend momentum toward 1620/21 then 1603
We have Very Important News Releases today:
- UK Construction PMI: Buy Gbp/Usd if 53 or above while sell if 49 or below
- AUD RBA Rate Statement: Buy Aud/Usd if rate is increased from current 4.75% while sell if decreased, expectation that current rate would be kept, so would focus on RBA statement if dovish or not
Also, ECB President Trichet would speak & Fed Chairman Bernanke would Testify, so traders must keep close look at what they would say because that must surely effect the markets.
I am seeing some kind of unusual market movement happening especially for yen pairs that might lead to intervention if market price for those pairs do not retrace to the upward fast but kept collapsing especially Euro/Jpy that is dragging the other yen pairs downward with it
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 5th October 2011:
Short Term Signals:
Usd/Chf Buy at 0.9100/05 then 0.9070/75 then 0.9000/05, sell at 0.9255/60 then 0.9305/10 then 0.9345/50
Usd/Jpy Buy at 76.45/50 then 76.30/35 then 76.05/10, sell at 77.05/10 then 77.20/25 then 77.45/50
Euro/Usd Buy at 1.3150/55 then 1.3060/65, sell at 1.3460/65 then 1.3510/15 then 1.3650/55
Gbp/Usd Buy at 1.5345/50 then 1.5280/85, sell at 1.5560/65 then 1.5595/00 then 1.5695/00
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.9130/35, break is to our short term buy signals and good support at 0.9060/70, while high is at 0.9245/55, break is to our other 2 short term sell signals
Usd/Jpy This pair is still moving sideways, above 76.75/80 is to target our short term sell signals while below is to 76.65/70, below here would target our short term buy signals
Euro/Usd This pair is still on downtrend, currently held at retracement 1.3355/60, break is to 1.3445/55, above here would possibly target good resistance at 1.3585/95, while low is at 1.3230/40, below here is to our short term buy signals
Gbp/Usd This pair is still on downtrend, currently held at retracement 1.5495/00, break is to 1.5515/20, above would target our short term sell signals with good resistance at 1.5645/55
Usd/Cad This pair is still on uptrend, but in past 2 hours collpased powerfully downward, today retracement at 1.0480/90, break is to 1.0440/45 then 1.0410/15 and possibly toward 1.0370/80, while high is at 1.0650/60, break is to more power the trend toward 1.0705/10 then possibly 1.0755/60
Nzd/Usd This pair is still on downtrend, retracement at 0.7620, break is to 0.7685/90 then 0.7705/10 & 0.7725/30, while low is at 0.7410/20 with support on the way at 0.7460/65
Gbp/Chf This pair is still on uptrend, retracement at 1.4150/55, break is to 1.4110/15 then possibly 1.4070/80 good support that must hold, while high is at 1.4235/45, break is to more power the trend toward 1.4255/60 then 1.4290/95 and possibly 1.4345/50
Euro/Chf This pair is again on uptrend after sideways movement, retracement at 1.2195/05, break is to good support at 1.2140/50 that must hold, while high is at 1.2280/90, above would more power the trend targetting 1.2320/25 then 1.2365/70 and possibly toward 1.2455/60
Euro/Gbp This pair still on downtrend, despite trying to base above retracement at 0.8615/20 targetting 0.8660/65 then 0.8680/85, above here might be hard but if occur would more power the breakout to 0.8710/15, while low is at 0.8550/60, break is to 0.8520/30
Aud/Usd This pair is still on downtrend, retracement at 0.9600/10, break is to 0.9675/80 then 0.9715/25, while low is at 0.9350/60 with support on the way at 0.9390/95
Euro/Jpy This pair is still on downtrend, retracement at 102.55/65, break is to 103.05/10, above here would target 103.55/60 then 104.00/05 and possibly 105.25/30, while low is at 101.10/20
Gbp/Jpy This pair is still on downtrend, retracement at 119.00/10, break is to 119.60/65 then 119.95/05 that must mainly hold but if broken is to target 120.80/90
Oil is still on downtrend, retracement at 78.55/60, break is to 79.65/70 then 80.10, above is toward 80.50/55 and possibly 82.60/65, while low is at 75.35/40, below would target 75.05/10 then possibly 73.65/70
Gold is still on downtrend, retracement at 1631/32, break is to 1642/43 then good resistance at 1648/49, above here would possibly target 1686/87, while low is at 1544/45 with support on the way at 1573 then 1549/50
We have 3 Important News Releases today for the Sterling & Dollar Currencies:
- UK Services PMI: Buy Gbp/Usd if 52 or above while sell if 49 or below
- ADP Non-Farm Payroll Change: Buy Usd/Chf & Usd/Jpy if above 100K while Buy Euro/Usd & Gbp/Usd if below 30K
- US ISM Non-Manufacturing PMI: Buy Usd/Chf & Usd/Jpy if 55 or above while Buy Euro/Usd & Gbp/Usd if 50 or below
*** The market is facing a decisive day with Important news releases coming on.., the huge spike movement and powering for the Euro & most major currencies against the dollar & yen weakness would have 2 explanations and possible options.
First, just a normal(but fast) movement toward retracement then back down for downtrend pairs, second is new trend might be starting to appear after a possible reversal price level been confirmed.
So we'll wait as usual for clear confirmation to see where the market is heading.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 6th October 2011:
Short Term Signals:
Usd/Chf Buy at 0.9145/50 then 0.9110/15 then 0.9070/75, sell at 0.9280/85 then 0.9305/10 then 0.9365/70
Usd/Jpy Buy at 76.45/50 then 76.30/35 then 76.05/10, sell at 77.10/15 then 77.25/30 then 77.50/55
Euro/Usd Buy at 1.3250/55 then 1.3205/10 then 1.3150/55, sell at 1.3415/20 then 1.3450/55 then 1.3520/25
Gbp/Usd Buy at 1.5380/85 then 1.5345/50 then 1.5305/10, sell at 1.5515/20 then 1.5545/50 then 1.5600/05
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.9180/90, break is to our short term buy signals while high is at 0.9295/05, break would more power the trend toward 0.9360/70
Usd/Jpy This pair is still moving sidways, above 76.80 might target our short term sell signals while below 76.70 might target our short term buy signals
Euro/Usd This pair is still on downtrend, retracement at 1.3345/50, break is to 1.3435/40, above here is toward our other short term sell signals and 1.3555/60 must hold, while low is at 1.3210/20
Gbp/Usd This pair is still on downtrend, retracement at 1.5470/80, break is to 1.5520/30, above here is toward our other 2 short term sell signals and good resistance at 1.5620/30, while low is at 1.5310/20
Usd/Cad This pair is squeezed today bt. resistance at 1.0435/45, break is to 1.0555/60 then 1.0630/35 and high is at 1.0655/60, and support at 1.0370/80, break is to 1.0315/20 then 1.0275/80 and possibly to strong support at 1.0160/70
Nzd/Usd This pair is still on downtrend, above resistance at 0.7695/00 is to target 0.7715/20 then 0.7740/45 and possibly 0.7815/20, while below support at 0.7640/50 is to 0.7555/60 then 0.7510/15 and possibly 0.7470/75
Euro/Chf This pair is still on uptrend, retracement at 1.2260/70, break is to 1.2210/20 while high is at 1.2330/35, a base above would more power the trend to target 1.2395/00 then 1.2435/40 and possibly toward 1.2515/20
Gbp/Chf This pair is still on uptrend, retracement at 1.4210/20, break is to 1.4155/65 and possibly to 1.4110/20, while high is at 1.4290/00, above here is to more power the trend targetting 1.4340/45 then 1.4375/80 and possibly 1.4450/60
Euro/Gbp This pair is squeezed bt, resistance at 0.8650 break is to 0.8675/80, above would target 0.8710/15 changing trend direction, while support at 0.8620, break is toward 0.8585/90 keeping downtrend then 0.8565/70 and possibly 0.8540/45
Aud/Usd This pair is also squeezed bt. resistance at 0.9710/20, break is to 0.9740/45 then 0.9780/85 and possibly 0.9895/00 changing trend direction, while support at 0.9640/50, break is to 0.9500 then keeping trend direction toward 0.9425/30 and possibly 0.9360/70
Euro/Jpy This pair is still on downtrend, retracement at 102.45/55, break is to 103.05/10 then 103.35/40 and 104.00/10, while low is at 101.10/20 with support on the way at 101.55/60
Gbp/Jpy This pair still on downtrend, retracement at 118.80/85, break is to 119.00/10, above here is to taregt 109.35/40 then 119.65/70 then 120.20/25, while on the downside toward 117.90/00 then 117.55/60 and possibly 117.10/15
Oil is squeezed today bt. resistance at 80.10/20, break is to 81.20/25 then 81.85/90 and possibly towrd 83.80/90, while support at 79.10/20, break is toward 77.10/20 then 75.80/90 and possibly 74.80/90
Gold is also squeezed bt. resistance at 1648/49 break is toward 1666/67 then 1677/78 and possibly toward 1708/09, while support at 1634/35 break is to 1598/99 then 1579/80 then possinly to 1560/61
We have Very Crucial News Releases today for the Sterling and Euro Currencies:
- UK BOE Interest Rate: Buy Gbp/Usd if 0.75% while sell if 0.25%
Would also Keep close look at MPC Rate Statement if dovish or hawkish, BOE might decrease rates so sterling might weaken but if no decrease occur the statement would be a must to decide the sterling pairs near future direction
_ Euro ECB Interest Rate: Buy Euro/Usd if 1.75% while sell if 1.25%
Would keep close look at ECB Press conference to see what would be the language if strong or not regarding current Euro countries debt problems.
*** I can't understand what the heck Bank Of Japan is doing?!! Maybe collecting the Charity Foundation moneyin the name of "BOJ CF" to later on intervene in the markets..lol
Exports are on the ground effecting many big japanese companies, so instead of providing them with the money, why don't BOJ intervene and save them from yen powering that is leading to their problems.
On the other hand, help us traders gain big quick money from such intervention.
Usd/Jpy is marking daily higher lows, meaning each day low is higher than the previous one, it is like increasing 10 pips each day, but if this rythym continues we might not find this pair boosting to the upward with no intervention but an ant upward movement with also the possibility of downward breakout if such higher lows is broken later on
This pair current situation with also other yen pairs is showing a possible intervention status, becasue no better situation than the current for intervention, so buy orders can be triggered for this pair if yet traders do not have any order at below prices from past days, with open Take profit or you might set it at 79.40 or below 80 a little if you are not around
Traders didn't expect SNB to intervene powerfully as had done so far, on the other hand thinking that BOJ would always step to defend the yen from rising, but it seem BOJ is just for talks no actions, while SNB pegging Euro/Chf with warning language from time to time and you are realizing how Chf pairs are in stable upward movement..
The solution is not only intervention since this pair might fast go downward again as had done that so far, but strong language is necessary and best is set floor level for this pair that would also rise the other yen pairs with it as done by SNB for Chf pairs.
I think that the Central Banks can't cheat all traders even the newbies, because it's not a secret that they control the forex market, as Swiss National Bank(SNB) had been manipulating prices by keeping Euro/Chf in tight range then powering it upward, the same can be down for Usd/Jpy. But it seem that the decision hadn't yet been taken by major Central Banks for such Crucial Step.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 7th October 2011:
Short Term Signals:
Usd/Chf Buy at 0.9130/35 then 0.9100/05 then 0.9020/25, sell at 0.9310/15 then 0.9360/65 then 0.9410/15
Usd/Jpy Buy at 76.50/55 then 76.40/45 then 76.25/30, sell at 76.85/90 then 76.95/00 then 77.10/15
Gbp/Usd Buy at 1.5260/65 then 1.5170/75, sell at 1.5575/80 then 1.5635/40
Euro/Usd Buy at 1.3250/55 then 1.3165/70, sell at 1.3535/40 then 1.3585/90
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.9190/00, break is to our short term buy signals and good support at 0.9100/10, while high is at 0.9310/20, above would more power the trend toward our other 2 short term sell signals
Usd/Jpy This pair is still moving sideways, above 76.70/75 is to target our short term signals while below 76.65 is to our short term buy signals.
Gbp/Usd This pair is still on downtrend, retracement at 1.5445/55, break is to 1.5520/30, above here would target 1.5595/00 then a base above would change trend direction toward 1.5635/40 and possibly 1.5770/80, while low is at 1.5290/00
Euro/Usd This pair is still on downtrend, retracement at 1.3435/45, break is toward our short term sell signals and good resistance is at 1.3550/60, above would change trend direction possibly toward 1.3715/20, while below 1.3380/90 is to target our short term buy signals and low is at 1.3210/20
Usd/Cad This pair is trying to base on downtrend today after a succcessful breakout yesterday, below 1.0385/95 is to target 1.0315/20 then 1.0290/95 and possibly 1.0215/20, while above 1.0415/20 is toward 1.0470/75 then 1.0515/20 and possibly 1.0555/60
Nzd/Usd This pair is trying to base on uptrend, if bases above 0.7690/95 targetting 0.7765/70 then 0.7785/90 and possibly toward 0.7850/60, while below 0.7670/75 is toward 0.7625/30 then 0.7585/90 and possibly 0.7545/50
Euro/Chf This pair is still on uptrend, retracement at 1.2310/20, break is to 1.2265/70 then 1.2220/25 and possibly 1.2155/60, while high is at 1.2370/80, break would more power the trend toward 1.2455/60 then 1.2495/00 and possibly 1.2570/80
Gbp/Chf This pair is still on uptrend, retracement at 1.4200/10, break is to good support at 1.4120/30, break is to target 1.4045/50, while high is at 1.4300/10, break is to 1.4405/10 then 1.4500/10 and possibly 1.4615/20
Euro/Gbp This pair changed trend direction basing on uptrend today after a succssful breakout of yesterday resistance(review previous post), high support at 0.86/85, break is to retracement at 0.8665/70, break is to 0.8650/55, below here is toward 0.8610/15 then possibly 0.8570/75, while on the upside toward 0.8765/70 then 0.8795/00
Aud/Usd This pair is trying to base on uptrend today. above 0.9710/20 targetting 0.9820/25 then 0.9855/60, while below 0.9680/85 is to target 0.9620/25 then 0.9565/70
Euro/Jpy This pair is still on downtrend, retracement at 103.05/10, break is to 103.70/75 then good resistance at 103.90/00, a base above would target 104.95/00, while below 102.70/75 is to target 101.75/80 then possibly low at 101.20/25
Gbp/Jpy This pair is stil on downtrend, retracement at 118.45/50, break is to 119.00/10 then 119.55/60, above here would change trend direction toward 119.95/00 and possibly all the way toward 121.00/10, while low is at 116.90/00
Oil is on uptrend today, retracement at 80.85/90 break is to 80.65.70, below is toward 79.20/25 then 77.60/65, while on the upside targetting 83.45/50, break owuld more power the trend toward 84.40/45 then 85.30/35
Gold is on uptrend today, retracement at 1643 break is to 1634/35, below would target 1631/31 then 1622/23 and possibly 1613/14, while on the upside toward 1663/64 then 1669/70 and possibly 1683/84
We have 2 Important News Releases today for the Canadian Dollar & the Dollar Currencies;
- CAD Employment Change: Buy Usd/Cad if below 0K while sell if 30K or above
- NFP Employment Change: Buy Usd/Chf & Usd/Jpy if 100K or above while Buy Euro/Usd & Gbp/Usd if 0K or below
***As I prepared traders yesterday, with an advice to Buy yen pairs especially Usd/Jpy and this pair gave traders another great opportunity to buy in the range of 76.55/65(good buy) or even higher, so hopefully you had entered a buy order and hold on it with open take profit but a range of 79-80 would be reasonable TP and not greedy waiting for few hours from now Bank Of Japan rate decision and press conference that might walk with intervention so stay tuned.
Intervention might also appear in 2 hours time from now as past August intervention happened at such time, but as BOJ News Release appear Intervention might follow.
In worst case, even if BOJ do not interfere current price level is a good buy. If nothing happens today then this pair might continue sideways movement and would be good for scalping as Euro/Chf had been for many past days with tight daily range movement before broke to the upside and keeping this momentum.
Hopefully, BOJ would release this pair from current tight trading range with intervention and strong language to keep it above 80 or 85, becasue I see current market situation is good for intervention with ECB & BOE announced yesterday their New Monetary policy with ECB defending the Euro & keeping rates at 1.5%, BOE Starting QE by purchasing bonds, and the Fed with Mr. Ben Genius with already known clear Monetary Policy which means No Policy..lol but lets be good by naming it manipulating policy or no way policy.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 10th October 2011:
Short Term Signals:
Usd/Chf Buy at 0.9145/50 then 0.9090/95 then 0.9035/40, sell at 0.9340/45 then 0.9370/75
Usd/Jpy Buy at 76.45/50 then 76.35/40 then 76.20/25, sell at 76.90/95 then 77.05/10 then 77.20/25
Euro/Usd Buy at 1.3290/95 then 1.3255/60, sell at 1.3515/20 then 1.3580/85
Gbp/Usd Buy at 1.5395/00 then 1.5315/20, sell at 1.5700/05 then 1.5765/70
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.9230/35, break is to good support at 0.9130/40 while high is at 0.9360/70
Usd/Jpy This pair is still moving sideways, above 76.75 is to target our short term sell signals and good resistance is at 77.05/10, while below 76.75 is to target 76.65, break is toward our short term buy signals
Euro/Usd This pair is still on downtrend, below 1.3385/90 is to target our short term buy signals and low is at 1.3190/00, while above 1.3415/20 is to target 1.3535/45
Gbp/Usd This pair is trying to base on uptrend today, but with tight range bt. resistance and support as squeeze movement, above 1.5530/35 is to target 1.5585/95, above here is to target our short term sell signals and confirm uptrend, while below 1.5510/15 is toward our short term buy signals and low is at 1.5320/25
Usd/Cad This pair is still on downtrend, despite a strong retracement after a successful downward movement toward our friday low targets, still held below today retracement at 1.0395/00, break is to 1.0485/90 then 1.0530/40, while on the downside targetting 1.0235/40 then 1.0160/65
Nzd/Usd This pair is still on downtrend, retracement at 0.7680/90, break is toward 0.7795/00 then 0.7845/50, while on the downside toward 0.7630/35 then 0.7600/05 and possibly all the way toward 0.7520/30
Euro/Chf This pair is still on uptrend, retracement at 1.2350/60, break is to 1.2330/35 then 1.2300 then possibly toward 1.2260/70, while high support is at 1.2400/10, basing above would more power the trend toward 1.2450/55 then 1.2470/75 and possibly all the way toward 1.2520/30
Gbp/Chf This pair is still on uptrend, retracement at 1.4320/25, break is toward 1.4190/00, while basing above high support at 1.4410/20 would more power the trend toward 1.4545/50 then 1.4605/10
Euro/Gbp This pair is still on downtrend, retracement at 0.8625/35, break is to 0.8680/85 then 0.8695/00, above would target 0.8740/45, while low is at 0.8550/60, break is to extend weakness targetting 0.8515/20
Aud/Usd This pair is still on uptrend, despite a strong retracement after big upward move to our targets on friday but kept basing above retracement today at 0.9715/25, break is to 0.9675/80 then 0.9635/40, while on the upside toward 0.9885/90 then 0.9940/45
Euro/Jpy This pair is still on downtrend, above 103.00/05 is toward good resistacne at 103.75/80, above would target 104.30/35 and possibly 104.75/80, while below 102.70/75 is toward 102.00/05 then 101.70/75(Good Buy), and low is at 101.10/20(Great Buy with bigger lot size).
Gbp/Jpy This pair is trying to base on uptrend, but would face good resistance at 119.50/55, a base above would confirm uptrend targetting 120.45/50( if broke at first above 119.95/00) then 120.90/00, while below 119.20 is to 119.00/05, break here is toward 118.05/10 then possibly 117.40/50
Oil is still on uptrend, targetting 83.15/20, above would more power the trend to 84.45/50 then 85.30/40 then possibly 86.60/70, retracement at 81.70/75 break is to 80.80/90, below would target 80.00/05 then possibly 78.70/80
Gold is squeezed today between resistacne & support, above 1639/40 is toward 1651/52, break is to 1668/69 then 1683/84, while below 1634/35 is toward 1614/15 then 1603/04 and possibly all the way toward 1580/81
*** No Important News Releases for today with also several Bank Holiday, so main focus would be at any new coming news from the Euro-Zone and any further info about Sarkozy-Merkel yesterday meeting.
The Forex market learnt me not to underestimate any certain day even Bank Holidays as today, because market might move with normal daily range as any other day or even more volatile depending on news coming out during the day.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 11th October 2011:
Short Term Signals:
Usd/Chf Buy at 0.8895/00 then 0.8830/35, sell at 0.9260/65 then 0.9370/75
Usd/Jpy Buy at 76.45/50 then 76.40/45 then 76.25/30, sell at 76.85/90 then 76.95/00 then 77.05/10
Euro/Usd Buy at 1.3375/80 then 1.3250/55, sell at 1.3810/15 then 1.3890/95
Gbp/Usd Buy at 1.5525/30 then 1.5465/70, sell at 1.5750/55 then 1.5785/90 then 1.5885/90
Medium Term Daily Analysis:
Usd/Chf This pair is on downtrend today, below retracement at 0.9110/20, break is to our short term sell signals, while on the downside would find support at 0.9000/10, below would extend weakness to our short term buy signals confirming a good downtrend momentum..
Usd/Jpy This pair is still moving sideways with a boring tight range but surely Great for scalpers to gain lot of quick pips. Maybe I musn't use any supports and resistances anymore but just say buy bt. 76.55/60 and sell bt. 76.90/00 which even a newbie can gain quick money by doing so or traders who are bulls and afraid of intervention just buy..
Anyway, below 76.65 is to target our short term buy signals while above 76.73/75 is to target our short term sell signals.
Euro/Usd This pair is on uptrend today, above retracement at 1.3530/35 and high support at 1.3545/50 targetting our short term sell signals and good resistance at 1.3885/95, while break of retracement is to target 1.3440/50, below would target our short term buy signals
Gbp/Usd This pair confirmed a base on uptrend yesterday, today above retracement at 1.5590/95 targetting our short term sell signals and good resistance at 1.5840/50, while break of retracement is to 1.5540/50, below would target our short term buy signals
Usd/Cad This pair still on downtrend, retracement at 1.0320/30, break is to 1.0390/00, above would target 1.0440/50 and possibly 1.0490/00, while good support is at 1.0210/20 break is to 1.0185/90 then 1.0165/70 and possibly toward 1.0060/70
Nzd/Usd This pair is on uptrend today after a successful breakout, retracement at 0.7770/75, break is to 0.7685/95, while good resistance is at 0.7870/80, a base above would more power the trend toward 0.7925/30 then 0.7970/75
Euro/Chf This pair is still on uptrend but moving around retracement at 1.2330/40, above is toward 1.2435/40 then 1.2485/90 and possibly 1.2535/40, while a base below retracement is to 1.2250/60 then 1.2220/25
Gbp/Chf This pair is on downtrend today, below retracement at 1.4180, break is to 1.4210/20, above here would possibly target 1.4415/20, while kept basing below retracement is toward support at 1.4040/50, break is to 1.3995/00 then possibly 1.3920/30
Euro/Gbp This pair reversed to base on uptrend today after a successful breakout strategy, with an overall sideways movement, high support at 0.8685/90, retracement at 0.8675/80, break is to 0.8640/50, below would target 0.8595/00, while on the upside toward 0.8775/80 then 0.8805/10
Aud/Usd This pair is still on uptrend, high support at 0.9910/15, retracement at 0.9870/75, break is to 0.9745/50, while on the upside to target 1.0120/25 then then 1.0180/85
Euro/Jpy This pair is on uptrend today afetr a succssful breakout strategy, above retracement at 103.80/85, break is to 103.20/25, below would hold at 102.65/75, while on the upside targetting 105.75/80 then 106.30/40 good resistance but if broke possibly on the way toward 107.65/70
Gbp/Jpy This pair confirmed the base yesterday on uptrend, above retracement at 119.45/55, break is to 119.30/35, below would target 119.10/15 and possibly 118.65/70, while on the upside targetting 120.65/70 then 120.95/00, and possibly all the way toward 121.65/70
Oil is still on uptrend, retracement at 83.70/75 break is to 83.10, below would target 82.90/95 then 81.45/50, while on the upside toward 87.45/50 then 88.25/30
Gold is on uptrend today, retracement at 1661/62, break is to 1652/53, then to target 1641/42, below is to 1624/25 then possibly 1610/11, while on the upside toward good resistance at 1694/95, above is to target 1703/04 then possibly 1729/30
We have Important News Releases today for the Euro, Sterling & Canadian Dollar Currencies:
_ ECB President Trichet Talks: Trichet talks would have good influence on the market movement, if coontinues for same current new trend direction or becomes sideways or possible reversal, so keep close look at what he have to say.
_ GBP Manufacturing Production: Buy Gbp/Usd if 1.0% or above while sell if -0.3% or more bad
- CAD Housing Starts: Buy Usd/Cad if 180K or below while sell if 195K or above
** As I adviced traders yesterday to not underestimate any trading day, the answer was seen quickly by the market with outstanding movement for all pairs. Honestly, didn't expect Euro/Usd to boost that upward despite Good outcome of sarkozy- merkel sunday meeting, I didn't even set a third target for this pair short term sell signals that was 1.3635/40(market price bounced around 30 pips after hitting here).
Same for some other pairs as Aud/Usd, expected to not reach third target that was at 1.0005/10 but only hold at 0.9940/50(mentioned in yesterday analysis), marker price had hit 1.0014 then went down around 50 pips.
Briefly, No trader can expect what Huge movements are prepared for us by the markets but what we can all do is prepare our homeworks very well for the day from early hours. Yesterday main successful strategy was breakout for mostly all pairs I post here. Today, might continue the same or those same pairs might retrace before continuing their new trends or might also breakout again to their previous trend, so my Analysis for all resistances, supports price levels...are found for you to trade accordingly picking the best strategy for the day according to price action taking in consideration news releases.
For news releases traders, You can set pending orders for the currency pair you want to trade before the news at last or third short term buy or sell signal if you are not that fast trading the news or do not want to miss the big opportunity, so instead of following the news trend you be buying at lowest or selling at highest possible price after the big spike occur, this strategy mostly work for Gbp/Usd pair that collapse or spike fast after its news release.
Surely, I prefer you trading the news trend as my daily news release info content inform you at what news release number to buy or sell but the other strategy I explained above is like an alternative solution if you can not find yourself in the quick news release trading due to many reasons as no wick thinking then action or simply you can't get the news releases numbers fast to then act accordingly.
One of the easiest & cheapest ways is hearing the news directly from the Forex TV channels as CNBC, Bloomberg.., but ofcourse those do not live announce all news releases numbers but only the crucial ones.
So, it's up to you to decide what way you want to use, or simply sit aside or on the safe side by not trading the news but wait for clear signal later on..
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 12th October 2011:
Short Term Signals:
Usd/Chf Buy at 0.9010/15 then 0.8975/80 then 0.8930/35, sell at 0.9145/50 then 0.9170/75 then 0.9225/30
Usd/Jpy Buy at 76.55 then 76.50 then 76.40, sell at 76.75 then 76.80/82 then 76.88/90
Euro/Usd Buy at 1.3550/55 then 1.3510/15 then 1.3455/60, sell at 1.3710/15 then 1.3745/50 then 1.3810/15
Gbp/Usd Buy at 1.5530/35 then 1.5510/15 then 1.5445/50, sell at 1.5660/65 then 1.5700/05 then 1.5730/35
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, retracement at 0.9115/25, break is to our short term sell signals while support is at 0.9025/30, break is to our short term buy signals
Usd/Jpy This pair is still moving sideways, FOMC Meeting Minutes at late hours today might change this status, below 76.63 is toward our short term buy signals while above 76.68 is to our short term sell signals
Euro/Usd This pair is still on uptrend, retracement at 1.3570/75, break is to 1.3540/50, below would taregt our other short term buy signals and good support at 1.3450/60, while on the upside to target our short term sell signals
Gbp/Usd This pair is still on uptrend, retracement at 1.5565/70, break is to 1.5535/40, below would target our short term buy signals, while on the upside is to target our short term sell signals
Usd/Cad This pair is still on downtrend, retracement at 1.0315/20, break is to 1.0350/55 then 1.0380/90 and possibly 1.0420/25, while on the downside is to target 1.0240/45 then 1.0210/15 then 1.0170/75
Nzd/Usd This pair is still on uptrend, retracement at 0.7770/75, break is to 0.7735/40 then 0.7710/15 and support at 0.7690/00, while on the upsdie to target 0.7855/60 then 0.7885/90 then 0.7925/30
Euro/Chf This pair is still on uptrend, retracement at 1.2360/65, break is to 1.2305/10 then 1.2270/75, while high is at 1.2435/45, above would more power the trend toward 1.2475/80 and possibly 1.2535/40
Gbp/Chf This pair is still on downtrend, below retracement at 1.4190/00, break is to 1.4275/80 then 1.4335/40 and high is at 1.4385/95, while on the downside support at 1.4050/60, below would target 1.4015/20
Euro/Gbp This pair is still on uptrend, retracement at 0.8710/15, break is to 0.8685/95, below would target 0.8655/60(Good Buy), while on the upside to target 0.8790/95 then 0.8810/20(Good Resistance) and possibly 0.8855/60
Aud/Usd This pair is still on uptrend, retracement at 0.9885/95, break is to 0.9850/60 and possibly 0.9800/10, while on the upside toward 1.0015/20 then 1.0050/60 and possibly 1.0095/00
Euro/Jpy This pair is still on uptrend, retracement at 104.00/10, break is to 103.70/80, below would target 103.20/30, while on the upside to target 105.05/10 then 105.35/40 and possibly 105.80/90
Gbp/Jpy This pair is still on uptrend, retracement at 119.20/25, break is to 118.95/00 then 118.75/80 and possibly 118.15/20 while on the upsdie toward 120.10/20 then 120.45/50 then and possibly 120.75/80
Gold is still on uptrend, retracement at 1658/59, break is to 1654/55 then 1644/45, below would target 1636/37 and possibly 1618/19 while on the upside Good Resistance at 1684/85, above would more power the trend toward 1697/98 and possibly 1709/10
Oil is still on uptrend, retracement at 84.20/30, break is to 82.90/95, below would target 81.75, while on the upsdie targetting 87.05/10 then 87.95/00
*** I like to talk today about successful retracement strategy and false breakout, because we had several trading examples for that yesterday, starting with the Aud/Usd, Nzd/Usd, Gbp/Usd, Gbp/Jpy, Usd/Cad & Usd/Chf, each pair of those bounced around 50 pips after hitting retracement, except the Sterling pairs that bounced around 30 pips(not bad).
All performed a false breakout before bouncing from rertacement, and this false breakout was in the range of 10 pips as I had explained many times about this exact 10 pips secret between a successful & false breakout, and how to trade the breakout without falling into a false breakout movement. So traders who would like to perfect the retracement and breakout strategies can see clear examples yesterday for those pairs and focus at what resulted in a false breakout and successful retracement strategy or how they were performed.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 13th October 2011:
Short Term Signals:
Usd/Chf Buy at 0.8840/45 then 0.8995/00, sell at 0.9105/10 then 0.9180/85 then 0.9255/60
Usd/Jpy Buy at 76.25/30, sell at 77.85/90 then 78.15/20 then 78.85/90
Euro/Usd Buy at 1.3580/85 then 1.3480/85, sell at 1.3925/30 then 1.3985/90
Gbp/Usd Buy at 1.5535/40 then 1.5440/45, sell at 1.5885/90 then 1.5950/55
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, retracement at 0.9020/30, break is to 0.9110/20, above would target the other short term sell signals, while on the downside to target our short term buy signals
Usd/Jpy This pair is on uptrend today, above high support at 77.20 targetting our short term sell signals, while break is to retracement at 76.95/00, break is to 76.80/85, below here to target 76.65/70 then to our short term buy signals
Euro/Usd This pair is still on uptrend, retracement at 1.3680/85, break is to our short term buy signals with in between support at 1.3540/50, while high is found at 1.3870/80, above would extend power toward our short term sell signals
Gbp/Usd This pair is still on uptrend, retracement at 1.5665/75, break is to 1.5570/80 good support, below would target our short term buy signals, while high is at 1.5820/30, above would power the trend targetting our short term sell signals
Usd/Cad This pair is still on downtrend, retracement at 1.0240/50, break is to 1.0325/35, above would target Good Resistance at 1.0360/70, while on the downside to target 1.0060/70 then 1.0010/20
Nzd/Usd this pair is still on uptrend, retracement at 0.7860/70, break is to 0.7840/45, below would target 0.7740/45, while on the upsdie to target 0.7990/00, above would more power the trend toward 0.8085/90 and possibly 0.8150/55
Euro/Chf This pair is still on uptrend, but must keep base above retracement at 1.2350 to keep current trend movement targetting 1.2415/20 then 1.2455/60 and possibly 1.2490/00, while on the downside to target 1.2300/05, below is toward 1.2285/90 then 1.2260/70
Gbp/Chf This pair is still on downtrend, retracement at 1.4140/50, break is to 1.4190/00 Good Resistance, above here would target 1.4240/45 and possibly 1.4290/00, while support is at 1.4070/80, break is toward 1.4015/20 and possibly toward 1.3980/85
Euro/Gbp This pair is still on uptrend, retracement at 0.8730/35, break is to 0.8720 then 0.8700/05 nad possibly toward 0.8670/80, while on the upsdie toward 0.8785/95 then 0.8810/15 then 0.8830/40
Aud/Usd This pair is still on uptrend, retracement at 1.0020/30, break is possibly toward Good Support at 0.9860/70, while on the upside toward 1.0335/40 then high at 1.0355/60, above would power the trend toward 1.0415/20
Euro/Jpy This pair is still on uptrend, retracement at 105.35/40, break is to 104.15/20 Good Support, while on the upside would find resistance at 106.65/70, above would more power the trend toward 107.20/30, above here would extend gains to target 108.00/10 then 108.75/80
Gbp/Jpy This pair is still on uptrend, retracement at 120.60/70, break is to Good Support at 119.50/60, while on the upside would face resistance at 121.85/95, above would more power the trend to target 123.40/45 then 124.20/25
Oil is still on uptrend, retracemnt at 84.45/50, break is to 83.75/80 then 83.20/25 then 82.00/10, while on the upsdie toward 86.55/60 then
Gold is stil on uptrend, retracement at 1668, break is to 1655/56 then 1652/53, below would target 1644/45 and possibly 1628/29, while would face resistance at 1679/80, above would power the trend toward 1697/98 then 1707/08 and possibly 1723/24
*** Japan Finance Minister Jun Azumi previous 2 days talks about consulting the US to consider buying Euro zone Bonds, and looking at G20 Finance Leaders Meeting on friday to stabilize the market leading to weaken the yen which effects helping in the Japan Economy Growth, came to fast results yesterday because this idea of Euro Powering would always weaken the yen as I explained in past posts.
Some traders might see that this would prove that there's no necessary for Intervention by BOJ at such fast weakening of the yen, but we can never say Intervetion have ended because currently might be a 2 sword weapon, since Intervention would have Great Benefit as giving the last hit or punch of death for the yen by setting it at high levels far of historic lows as above 112 for Euro/Jpy, above 125 for Gbp/Jpy and Above 80 for Usd/Jpy in no time and with market stability added to the equation by EuroZone Debt finalize solution such price levels would be defended for the future from any downward movement that had been occuring like after August Intervention market price for yen pairs collapsing again in few days..
Besides I would like to remind traders of my past tip on this thread about the magic new relation or if you can name it new correlation bt. the Swiss France & the Yen Currency.
As you had realized, as much as the yen weaken as much as the Chf powers(And vice versa) becasue the money removed from the yen is added or transfered to the Chf in the name of safe haven currency. Ofcourse, this is happening as the Rat and Cat game, since traders are still afraid of SNB more intervention especially that Euro/Chf is yet not that far of the 1.2000 peg level set my SNB with also talks about new peg at 1.25 or even 1.30
So, the time of both Chf & yen weakening together would be very important & a turning point for a new formula for this ridiculous named safe haven bt. Yen & Chf. This can be achieved only by traders renewing confidence in the Dollar & Euro Currencies, so money is back added there instead of safe haven currency,
Certainly, this is more complicated formula to be understood and become reality becasue as correlation also prove the life long(till now) formula of Euro/Usd up then Usd/Chf down & Vice Versa, but will see what the near future is hiding for us from new formula.
I know that traders might be saying: "Enough, you are making us too much headeche with your complicated forex philosohpy" So better keep your headeche for today trading and Good Luck.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 14th October 2011:
Short Term Signals:
Usd/Chf Buy at 0.8900/05 then 0.8865/70 then 0.8810/15, sell at 0.9055/60 then 0.9090/95 then 0.9145/50
Usd/Jpy Buy at 76.50/55 then 76.30/35 then 75.95/00, sell at 77.30/35 then 77.55/60 then 77.80/85
Euro/Usd Buy at 1.3670/75 then 1.3620/25 then 1.3555/60, sell at 1.3860/65 then 1.3900/05 then 1.3980/85
Gbp/Usd Buy at 1.5665/70 then 1.5615/20 then 1.5570/75, sell at 1.5825/30 then 1.5855/60 then 1.5930/35
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, retracement at 0.9010/15, break is to 0.9045/50, above here would target 0.9110/15, break would change trend direction targetting 0.9140/50, whileon the downside to our short term buy signals and low is at 0.8810/20(Buy)
Usd/Jpy This pair is still on uptrend, retracement at 76.78/80, break is to 76.65/70, below is to our short term buy signals, while high is at 77.10/15, above would extend gains to target our short term sell signals
Euro/Usd This pair is still on uptrend, retracement at 1.3710/15, break is to to our short term buy signals and good support at 1.3540/50, while high is at 1.3860/70, above would extend gains amd trend power to our short term sell signals
Gbp/Usd This pair is still on uptrend, retracement at 1.5700/10, break is to our short term buy signals and good support at 1.5580/90, while high is at 1.5820/30, above would extend gains & trend power toward our short term sell signals
Usd/Cad This pair is still on downtrend, retracement at 1.0235/45, break is to 1.0270/80, above would target 1.0320/30 then possibly 1.0370/80, while on the downside to target 1.0135/40 then 1.0100/10 then possibly 1.0040/50
Nzd/Usd This pair is still on uptrend, retracement at 0.7885/95, break is to 0.7855/60 then 0.7820/30, below here would target 0.7760/70, while on the upside to target 0.7990/00 then 0.8010/15 then possibly 0.8055/60
Euro/Chf This pair is still on uptrend, retracement at 1.2250/60, break is to 1.2320/30, below here would target 1.2310 then 1.2290/95, I think a good buy would be at this latter prices because of increasing talks of 1.2300 level being defended, while on the upside to target 1.2395/00 then 1.2405/10 then high at 1.2435/45
Gbp/Chf This pair is still on downtrend, retracement at 1.4155/60, break is to 1.4200, above here would change trend direction toward 1.4235/40 then 1.4275/80 and possibly toward high at 1.4355/65, while on the downside support is at 1.4090/95, break is toward 1.4040/50 then 1.3990/00
Euro/Gbp This pair is still on uptrend, retracement at 0.8730/35, break is to 0.8685/95, then 0.8665/70 then possibly toward 0.8620/30(buy)
Aud/Usd This pair is still on uptrend, retracement at 1.0085.95, break is to 1.0040/50 then possibly 0.9985/95, while on the upside toward 1.0265/70 then 1.0300/05 then high at 1.0330/40, above would more power the trend toward 1.0375/80
Euro/Jpy This pair is still on uptrend, retracement at 105.40/45, break is toward 10485/90 then 104.40/45, while high is at 106.50/60, above here would more power the trend toward 106.85/90 then 107.30/35 and possibly 108.00/10
Gbp/Jpy This pair is still on uptrend, retracement at 120.70/75, break is to 120.10/20 then 119.65/75(Buy), while high is at 121.70/80, above here would power the trend toward 122.05/10 then 122.45/50 and possibly 123.20/30
Gold is still on uptrend, despite tight daily range that present today an opportunity for a boost upward or downward to break this tight range status, retracement at 1666/67, break is to 1656/57, below here would target 1646/47 then 1636/37 and possibly 1620/21, while would face resistance at 1672/73, above here would target 1689/90 then 1699/00 and possibly 1715/16
Oil is still on uptrend, retracement at 84.30/35, break is to 82.80/85 then good support at 82.40/50, below would target 82.001/0 then possibly 81.00/05, while on the upside toward 85.85/95 then 86.60/70 then 87.75/85
We have an Important News Release today for the Dollar Currency:
- US Core Retail Sales: Buy Usd/Chf & Usd/Jpy if 0.4 or above while Buy Euro/Usd & Gbp/Usd if 0% or below
*** Besides, Traders must keep close look at the G20 Finance Leaders Meeting Today(First day, Tomorrow second day) for Crucial Coming News.
I would like to assure traders on the importance of not rushing and entering an order just to have a market order open or being afraid of missing an opportunity because market price for any pair would certainly reach the targets(retracement, low, high, specific price levels..) I mention in my daily post, so no need to enter for ecample at 65 or 70 if my target to enter is at 50/55, wait till target is hit by market price then enter a trade accordingly, in worst case if target isn't hit then you do not enter, it is easy as this, you would always have many other opportunities, remember you have 12 pairs that you can trade.
Also, Do not be lazy but try to be ready to set your trading entry targets at soon as I post my daily signal & analysis post on this thread even if at that time it's your sleep hour, you can wake up then have all hours or full day to sleep..lol
Personally, I do not sleep more than 5 hours per day at least for the 5 Forex Days per week, cutting myself into pieces..lol for many responsibilities bt. Personal business, Forex trading & Entertainment purposes..
Have A Great Trading Day