Forex Buy & Sell Trading Signals - page 3
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Hello Traders,
Forex Signals & Analysis for 5th June 2011:
Short Term Signals:
Usd/Chf Buy 0.8450/55 then 0.8435/40 then 0.8415/20, sell 0.8520/25 then 0.8535/40
Usd/Jpy Buy 80.50/55 then 80.35/40 then 80.20/25, sell 81.10/15 then 81.30/35
Euro/Usd Buy 1.4455 then 1.4415/20, sell 1.4590/95 then 1.4620/25 then 1.4660/65
Gbp/Usd Buy 1.6025/30 then 1.6000/05 then 1.5950/55, sell 1.6140/45 then 1.6175/80 then 1.6210/15
Medium Term Daily Strategy:
Usd/Chf This pair is still on uptrend, basing above retracement at 0.8460 targetting 0.8550/60, below retracement is to target 0.8420/25 then 0.8400/10 must hold.
Usd/Jpy This pair is still on uptrend, targetting 81.15/20, basing above here would extend gains and the latter price would form a front support in coming days, retracement at 80.70/80, break is to 80.50/55 must hold
Euro/Usd This pair is on the glimpse of breaking out of uptrend targetting downtrend channel with a breakout price(as said yesterday) at 1.4500 targetting 1.4400/10, then break here would confirm downtrend movement to target 1.4350/60 then 1.4330/35(if not today then by tommorow), while on the upside, only a base again above 1.4500 would target 1.4560/70 then 1.4600/05 high
Gbp/Usd This pair is also breaking to downtrend, if bases below 1.6020(then mainly 1.6000 would be also better for psycological level reasons), targetting 1.5960/70 then 1.5920/30, while only a pullup to base above 1.6070 would target 1.6110/20 and keep it on uptrend channel.
Euro/Chf This pair still on uptrend, had hit retracement at 1.2270/80 in early today hours, break is to as low as 1.2110/20(closing around this price can lead to a start of downtrend by tommorow), while on the upside would face resistance at 1.2390/00(if had the chance to go there)
Usd/Cad This pair is still on downtrend, trying to break to the upside, retracement at 0.9620, break is to 0.9695/00 then 0.9710/20, while low is at 0.9550/55
Nzd/Usd This pair still on uptrend, but had face resistance above and trying to break to the downside which can be succeeded if bases below 0.8280 to then target 0.8195/00(closing today daily candle around this price could lead to a start of downtrend by tommorow), while high is at 0.8320/30
Euro/Gbp This pair still on uptrend, but trying to break out from 0.9030 targetting 0.8980/90 then break here is to 0.8910/20, while high is at 0.9100/05 that would hold(if reached)
Gbp/Chf This pair is still on uptrend, retracement at 1.3595/00, break is to 1.3570/75 then below here is to target as low as 1.3470/80( a base around here might lead to a start of downtrend by tommorow), while on the upside is to target 1.3695/00, and a break above is to 1.3740/50, another break above here is to 1.3840(might not be affordable today but as always to let you be ready for any possibility)
Aud/Usd This pair breaking uptrend channel from 1.0710/20 targetting 1.0630/40 then good support at 1.0610/15( basing below or around both prices might lead to a start of downtrend by tommorow), on the upside high is at 1.0795/00(meaning sell order)
Euro/Jpy This pair still on uptrend, retracement is at 117.20 break then base below is to target 116.80/90 then as low as 116.30/40, while high is at 118.00/10
Gbp/Jpy This pair is still on uptrend, retracement at 129.80 break is to 129.40/50 then 129.00/10, high is at 131.40/50
Gold is still on downtrend, holding below retracement at 1498/99, while a base below 1494 then 1492 is to lead to 1477 low
Oil still on uptrend, retracement is at 94.70 break is to 94.10/15 then 93.60(a close of today daily candle around here might lead to a start of downtrend by tommorow targetting low at 90.00/10, while high is at 98.10/20 with some resistance levels on the road up as 96.40 then 97.60
We have an Important News Release for the Sterling Currency today:
- UK Services PMI: Sell Gbp/Usd if 52 or below while Buy if 55 or above
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 6th July 2011:
Short Term Signals:
Usd/Chf Buy 0.8340 then 0.8310 then 0.8235/40, sell 0.8505/10 then 0.8550/55 then 0.8600/05
Usd/Jpy Buy 80.65/70 then 80.50 then 80.30, sell 81.30/35 then 81.45/50 then 81.70/75
Gbp/Usd Buy 1.5965/70 then 1.5920/25 then 1.5850/55, sell 1.6150/55 then 1.6195/00 then 1.6265/70
Euro/Usd Buy 1.4340/45 then 1.4300/05 then 1.4205/10, sell 1.4555/60 then 1.4615/20 then 1.4675/80
Medium Term Daily Strategy:
Usd/Chf This pair reversed to the downside, traders had a good breakout strategy yesterday for this possibility and succeeded, today basing below 0.8400 would target 0.8340 then 0.8300/10 must hold, while a reverse and base above 0.8400 is to 0.8420/30, then a base above here might retest 0.8500/10
Usd/Jpy This pair still on uptrend, despite retracing down to yesterday and today retracement at 80.80, break is to 80.50/60 then 80.20 and would change the upside view while on the upside is to target 81.15/20
Gbp/Usd This pair still on uptrend, after a successful breakout strategy yesterday 1.6070 to 1.6110/20(take note that you must had entered a buy trade at second attempt after price went to around 1.6086 then back down to around 1.6065 maybe, so you enter at this moment when it continued up again by buying at 1.6070, by this you are safe and you entered after price retracing not at the first attempt when market price was affected by sterling news release because sometimes it can keep going down after spiking, just a forex hint..),
Today a base above 1.6100 is necessary to keep a powerful trend, targetting 1.6120/30 then basing above 1.6140 is to target 1.6260/70, while below 1.6035/40 might target 1.6000 then 1.5960/70, take note that tommorow there's sterling BOE Rate Decision news release, so this pair might not really spike or collpase or take a clear trend decision before tommorow news but mainly would keep moving sideways as had been doing from last week till now.
Euro/Usd This pair collapsed from uptrend after a successful breakout strategy yesterday from around 1.4500 to 1.4400/10(traders had the chance to easily sell again & again from above before the big collapse occured), today squeezed bt. support at 1.4420, break then base below is to 1.4350/60 then break below here is to our short term buy signals confirming downtrend, and resistance 1.4470, break is to 1.4500/10 then 1.4540, above here do not seem possible but would confirm uptrend continuation and down move would be seen as a correction.
Euro/Chf This pair collpased from uptrend after a successful breakout strategy yesterday 1.2270/80 to 1.2110/20, but still must confirm downtrend start if bases below 1.2120 to target 1.2095 then a base below here is to 1.2000/10 and would confirm downtrend by this movement, while kept above 1.2120 is to 1.2190/00 then 1.2240/50 must hold.
Usd/Cad This pair is still on downtrend, low is at 0.9540/50, while a base above 0.9630 is to 0.9690/00 then 0.9730/40 must hold
Nzd/Usd This pair held on uptrend after unability to base below, high is at 0.8350/60, while a bse below 0.8270 is to 0.8210/20 then 0.8160/70 must hold.
Euro/Gbp This pair collapsed down from uptrend to downtrend after a successful breakout strategy 0.9030 to 0.8980/90, basing today below 0.8995/00 to target 0.8910/20, while above 0.9000/05 is to 0.9040/50(I do not cheer this possibility but everything is possible in forex).
Gbp/Chf This pair collpased from uptrend yesterday after a successful breakout strategy from 1.3570/75 to 1.3470/80, but must base below 1.3470 to target as low as 1.3320 with support levels as 1.3440 then 1.3375 on the road down, while kept above 1.3470 is to target 1.3540 then 1.3560 then 1.3620 must mainly hold
Aud/Usd This pair is still on uptrend, after a pull up to base above 1.0700/10 targetting high at 1.0800/10, while basing below 1.0700 might target 1.0650/60 then 1.0620 must mainly hold.
Euro/Jpy This pair fell from uptrend but squeezed bt. resistance at 117.00 break is to 117.60 then 117.90/00 must mainly hold, and support at 116.50/60, break is to as low as 115.70/80 with support level 116.00 on the way down.
Gbp/Jpy This pair is still on uptrend, basing above 129.70/75 targetting 131.40/50, while below 129.50/60 is to target 129.00/10 and by this changing trend direction
Oil is still on uptrend, targetting 98.50/60, break then base above would more power uptrend later on, retracement is at 96.10/20, break is to 94.40/50 then a base below 94.20 would change trend direction to target 93.25 then 92.40 later on..
Gold broke to the upside, but would face good resistance at 1516/17, breaking above here would more power uptrend move to target 1519/20 then 1523/24 but 1527 must mainly hold for today, while retracement is at 1505/06, break is to 1501/02 then base below here is to target 1493/94 that must mainly hold
We have an Important News Release for the Dollar currency Today:
- ISM Non-Manufacturing PMI: Buy Usd/Chf & Usd/Jpy if 55 or above while Buy Euro/Usd & Gbp/Usd if 52 or below
Have A Great Trading Day
I invite all traders reading and using my Forex Signals & Analysis to share in this thread poll with an Honest Straight Foward opinion(Yes, No, or Sometimes..). I'll not take the World's Best Forex Trader for this...lol but just for a feedback that could be helpful for other traders later on.
Best Luck
Hello Traders,
Forex Signals & Analysis for 7th July 2011:
Short Term Signals:
Usd/Chf Buy 0.8340/45 then 0.8320/25 then 0.8275/80, sell 0.8450/55 then 0.8475/80 then 0.8510/15
Euro/Usd 1.4220/25 then 1.4175/80 then 1.4065/70, sell 1.4465/70 then 1.4535/40 then 1.4605/10
Usd/Jpy Buy 80.65/70 then 80.55/60 then 80.35/40, sell 81.15/20 then 81.25/30 then 81.45/50
Gbp/Usd Buy 1.5910/15 then 1.5865/70 then 1.5790/95, sell 1.6105/10 then 1.6155/60 then 1.6220/25
Medium Term Daily Strategy:
Usd/Chf This pair is still basing on downtrend from yesterrday, despite not big fall but as you realized even after going up, filtering later on and closing daily candle below 0.8400, retracement is at 0.8405, break is to 0.8415/20 then basing above here is to target 0.8440/50 then 0.8500/10 and high at 0.8540/50 must hold, while kept basing below 0.8400/05 is to as low as 0.8300/10
Usd/Jpy This pair is still on uptrend after many tests of retracement at 80.80 and failure to base below that would target 80.60 then 80.25/30 and low as 80.00/05, while high is at 81.20/30
Gbp/Usd This pair basing on downtrend, below 1.6020/30 targetting as low as 1.5900/10, break then base below here would extend weakness to our short term buy signals for this pair, while a base above 1.6030 is to target 1.6075/80 then break here would power upward movement to target our short term signals(take note that there's an important news release today for the sterling currency that would effect this & other GBP Pairs)
Euro/Usd This pair is on downtrend from yesterday after confirmation(basically traders reading my posts were ready for this collapse journey from 1.4500(you remember)), retracement is at 1.4390/00, break is to 1.4430/40 then a base above would change direction and target 1.4465/70 then break is to 1.4530 then 1.4585/90 would hold, while kept below retracement then low resistance that is at 1.4350 is to target as low as 1.4100/10
Euro/Chf This pair is basing on downtrend from yesterday after confirmation, targetting as low as 1.1800/10, retracement is at 1.2100/10, break is to 1.2130/40, basing above here would change direction and target 1.2240/50
Usd/Cad This pair left downtrend after a successful breakout strategy yesterday 0.9630 to 0.9690/00, today squeezed bt. support at 0.9640 break then base below is to 0.9540/50, and resistance at 0.9670 break is to 0.9690/00, a base above here would change direction and target 0.9740/50 then 0.9820/30 would hold.
Gbp/Jpy This pair is basing on downtrend today after a successful breakout strategy yesterday 129.50/60 to 129.00/10, today basing below 129.70 targetting as low as 128.10/20, while only a base above 129.70 would change direction and target 130.90/00(after breaking above 130.20).
Nzd/Usd This pair is still holding on uptrend after being rejected from below for 3 days now, a base above 0.8270 is to target high at 0.8350/60, while a base below support 0.8240 is to 0.8160/70 then if broke would hold at 0.8100
Euro/Gbp This pair is still on downtrend from yesterday confirmation, targetting 0.8920 break is to 0.8810/20, retracement is at 0.8980/85, break is to 0.9000, while a base above here would change direction to target 0.9020 then 0.9050/60 then if broken high at 0.9090/00 would hold
Gbp/Chf This pair is on downtrend from yesterday confirmation, basing below 1.3480/90 targetting as low as 1.3230/40, while above retracement is to 1.3540, breal then base above is to target 1.3650/60 then 1.3690/00 must mainly hold.
Aud/Usd This pair is still on uptrend, despite successful downward breakout strategy 1.0700 to 1.0650/60 but again pulled up to open above 1.0700/10 targetting high at 1.0810/20, while below 1.0680 is to target 1.0620 then 1.0550/60 would hold(if price would reach there)
Euro/Jpy This pair is on downtrend after yesterday confirmation, with successful breakout strategy 116.50/60 to 115.70/80(some bonus for traders is that market price fell a little more to 115.55 but mainly better close is at 115.70/80, no greedy always follow the rules for TP or SL), retracement is at 116.40, break is to 116.70, above here would chnage direction & target 116.90/00 then basing above is to 117.60/70.
Gold is still on uptrend, powered more than expected yesterday but as much as you are following the trend(started from 2 past days) you have no problem, targetting as high as 1555/56(take profit for traders who started the trend with me 2 days before), retracement is at 1517, break is to 1505 then 1493/94 would hold
Oil is still on uptrend targetting 97.95/00(take profit for traders that started the trend with me from many past days), retracement is at 96.50, break is to 95.00/10, then 94.10/20 must mainly hold but if broken and based below a downtrend would be confirmed.
* Maybe My Analysis for today are with many scenarios & too much talk..lol but traders must really be ready for an Important day with many crucial news releases for many currencies.
We have Very Important News Releases today for the Dollar, Sterling, Euro, Canadian Dollar Currencies:
- BOE Rate Decision & Asset Purchasing Facility: Buy Gbp/Usd if rate 0.75%(current 0.50%), while sell if Asset Purchasing Facility 220 Billion or above(Current 200 Billion), mainly both numbers are expected to stay as current unless a big surprise occur but the BOE Statement would be decisive for traders, GBP pairs look collpasing as Gbp/Usd & Gbp/Jpy are on downtrend movements but everything is possible.
- ECB Rate Decision then Trichet Press conference: Buy if 1.50% while Sell if kept at 1.25%. It is more clear that rates would be raised to 1.50% as recent ECB talks confirm but Trichet talks would be vitale to decide were the Euro Currency would be going especially if hints at more rate hikes for coming months.
- ADP Non-Farm Employment Change: Buy Usd/Chf & Usd/Jpy if above 100K while Buy Euro/Usd & Gbp/Usd if below 30K or stay out of the market if no clear numbers are hit, and wait for Tricher Press Conference that would be after 15 Minutes of this news release.
- CAD IVEY PMI: Buy Usd/Cad if 63 or below while sell if 68 or above, Generally the Canadian Dollar seem to be in a good situation for a clear trade especially that all crucial news releases would be before this news release, so market would be more clear at what direction it would be moving.
Have A Great Trading Day
Hello Traders,
Forex Signals & Anaylis for 8th July 2011:
Short Term Signals:
Usd/Jpy Buy 80.75/80 then 80.50/55 then 80.25/30, sell 81.60/65 then 81.75/80 then 82.10/15
Euro/Usd Buy 1.4225/30 then 1.4165/70 then 1.4110/15, sell 1.4435/40 then 1.4470/75 then 1.4565/70
Gbp/Usd Buy 1.5925/30 then 1.5900/05 then 1.5860/65, sell 1.6025/30 then 1.6050/55 then 1.6085/90
Usd/Chf Buy 0.8360/65 then 0.8325/30 then 0.8270/75, sell 0.8520/25 then 0.8555/60 then 0.8615/20
Medium Term Daily Strategy:
Nzd/Usd This pair is still on uptrend, retracement is at 0.8300, break is to 0.8270/75 then break here is to 0.8180/85 that must mainly hold, high is at 0.8390/00
Usd/Cad This pair is still on downtrend, after failuer of breaking our yesterday resistance at 0.9670 and collapsing down to close below today retracement at 0.9610, break is to 0.9635/40 then 0.9690/00 and 0.9720/30 would hold if reachable, while low is at 0.9510/20
Euro/Gbp This pair made a hude collapse as a result of downtrend movement but retraced up later to close above, today squeezed bt. resistance at 0.9000/10 break is to 0.9040/50 and high is at 0.9090/00 that would hold, and support 0.8980/85, break is to 0.8930/40 then 0.8900/10, closing around this price would contune downtrend movement.
Aud/Usd This pair is still on uptrend, targetting high at 1.0840/50, break above mustn't occur but if happens and abses then above, more highs would continue later on, retracement is at 1.0740, break is to 1.0710/20 then break here would change direction targetting 1.0620/25 that must hold.
Euro/Chf This pair made a big fall to previous day low price then retraced to close above, squeezed today bt. support at 1.2080/90, break is to retest 1.1970/80(1.2000 support level on the way), and resistance at 1.2160/70, break is to 1.2210/20 and a base around here would change trend direction then high is at 1.2360/70 if reachable today.
Euro/Jpy This pair also had same scenario big fall then retracing up, support at 116.50/60 break is to good support at 155.80, break here would extend weakness, and good resistance at 116.90/00, break here would change direction to target 117.50/60 and high is at 118.20 if reachable today.
Gbp/Jpy This pair also with similar scenario like many other pairs after mixed news releases yesterday, support at 129.50/55, break is to 129.00/10 then low at 128.40/50 must hold, and resistance at 130.00, break the base above is to target high at 130.60/70 then 131.00/10 must mainly hold.
Gbp/Chf This pair is kept on downtrend, after being rejected from retracment at 1.3490/00, break is to 1.3520/30 then 1.3590/00, break here would extend gains to 1.3650/60, while below said retracement is to 1.3360/70 and low is at 1.3240/50 if reachable with a crazy friday..
Usd/Chf This pair reversed after having good support at 0.8380, today basing above 0.8430/40 targetting high at 0.8520/30, a base above here would extend gains by next week with new cycle formation, while below 0.8410/20 is to retest 0.8380 then low at 0.8300/10 must hold.
Euro/Usd This pair is still on downtrend after being rejected near today retracment 1.4370/75, break is to 1.4395/00, a base above here is to 1.4440 then break would target 1.4460/70 but 1.4500 would hold, while break of 1.4330 is to retest 1.4220/25 yesterday low price and perfect buy price for our yesterday short term first buy signal for this pair.
Usd/Jpy This pair is still on uptrend, but would face resistance at 81.40/50, a break then base above here would form a new cycle to target as high as 82.00/10 if not today then by next week, retracement is at 81.10, break is to 80.90 then break here would change direction by targetting 80.60/70
Gbp/Usd This pair is still on downtrend, targetting low at 1.5890, retracement is at 1.5990/00, break is to 1.6030 then 1.6060/70 must mainly hold
Gold is still on uptrend, finding resistance at 1535, and would also face resistance at 1539/40, break is to 1544/45 then high is at 1555/56, retracement is at 1522/23 break is to 1517/18 then break here is to 1508/09, but only break here to target 1495/96 would change direction.
Oil is still on uptrend, broke above more than expected, and above our yesterday take profit but that's okay, maybe can buy again after retracing, today retracement is at 97.50/60, break is to 95.90/00 then break would target 94.20/30 that must hold, on the upside would face resistance at 98.95/00, break is to retest 99.40/50, basing above 100 would form new cycle by next week
We have 2 Very Important News Releases for the Dollar, & Canadian Dollar Currencies today:
- CAD Employment Change & UnEmployment Rate: Buy Usd/Cad if 5K or below while Sell if 30K or above, both if UnEmployment rate is kept at 7.4%.
- US Non-Farm Employment Change & Unemployment Rate: Buy Usd/Chf & Usd/Jpy if above 100K for the first and kept at 9.1% for the second while Buy Euro/Usd & Gbp/Usd if 30K or below, and/or above 9.1% for the second.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 11th July 2011:
Short Term Signals:
Usd/Chf Buy 0.8285/90 then 0.8255/60 then 0.8150/55, sell 0.8505/10 then 0.8570/75 then 0.8625/30
Euro/Usd Buy 1.4165/70 then 1.4120/25 then 1.4035/40, sell 1.4375/80 then 1.4435/40 then 1.4500/05
Usd/Jpy Buy 80.10/15 then 79.85/90 then 79.25/30, sell 81.40/45 then 81.80/85 then 82.15/20
Gbp/Usd Buy 1.5925/30 then 1.5870/75 then 1.5810/15, sell 1.6125/30 then 1.6160/65 then 1.6250/55
Medium Term Daily Analysis:
Usd/Chf This pair reversed to downtrend channel after a super bad NFP News Release on friday, today basing below retracement at0.8395/00 targetting low at 0.8300/10, while a base above 0.8405 is to target 0.8425/30 then break & base above here is to as high as 0.8510/20.
I believe this pair might move with tight price range today waiting for tommorow FOMC Meeting Minutes that would decide what direction should this pair be moving toward in coming days..
Gbp/Usd This pair is still on downtrend, basing below 1.6020 targetting as low as 1.5900/10 with support 1.5930 on the way down, while above 1.6020 is to 1.6040/50, basing above here is to target our short term sell signals for this pair/
Euro/Usd This pair is still on downtrend, targetting low at 1.4100/10, retracement is at 1.4250/60, break is to 1.4330/40 then 1.4375/80 must hold.
Usd/Jpy This pair reversed to open on downtrend channel today after targetting high price on friday but failing to continue above for a new cycle formation after a dissappointing NFP, today basing below retracement at 80.80/85 break is to 81.20/30, while below 80.50 is to target 80.00/10
Usd/Cad This pair is basing on uptrend today, above retracement at 0.9620 targetting 0.9690/00 then 0.9730/40, while below 0.9715 then 0.9700 is to target 0.9560
Nzd/Usd This pair is still on uptrend, targetting new historic highs as 0.8420/30, retracement is at 0.8330, break is to 0.8300/10, then break here would target 0.8210/20 low
Euro/Gbp This pair is on downtrend after another big collapse, basing below retracement at 0.8900 targetting 0.8820/30 then low at 0.8790/00 must hold, while above retracment is to target 0.8940 then 0.8970/80 must hold
Euro/Chf This pair is on downtrend, after a big fall, basing below retracement at 1.1960/70 targetting 1.1750/60, while above retracement is to 1.2050/60 then 1.2120/30 must hold.
Aud/Usd This pair reversed, basing today on downtrend channel below retracement at 1.0730/40 targetting 1.0640/50, while a base above retracement is to target 1.0790/00
Euro/Jpy This pair is basing today on downtrend channel, below retracement at 115.20 targetting low at 113.30/40, while above said retracement is to target 115.80/90 then 116.30/40 must hold.
Gbp/Chf This pair is still on downtrend, basing below retracement at 1.3440 targetting 1.3230/40, while above said retracement is to target 1.3490/00 then 1.3580/90 must hold
Gbp/Jpy This pair is on downtrend channel, basing below retracement at 129.40/50 targetting low at 128.40/50 while above said retracement is to target 129.70 then 130.00/10
Gold is still on uptrend, targetting high at 1559/60, retracement is at 1537 break is to 1519/20
Oil reversed to downtrend, basing below retracement at 96.20 targetting 94.40/50 then a break then base below here would extend weakness to 93.40/50 then 92.00/10, while above said retracement is to target 97.20/30 then 98.60/70 must hold.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 12 July 2011:
Short Term Signals:
Usd/Chf Buy 0.8315/20 then 0.8300 then 0.8270/75, sell 0.8395/00 then 0.8415/20 then 0.8440
Usd/Jpy Buy 79.85/90 then 79.65/70 then 79.20/25, sell 80.80/85 then 81.10/15 then 81.40/45
Gbp/Usd Buy 1.5820/25 then 1.5780/85 then 1.5680/85, sell 1.6040 then 1.6100/05 then 1.6160/65
Euro/Usd Buy 1.3900/05 then 1.3840 then 1.3690/95, sell 1.4230/35 then 1.4320/25 then 1.4420
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, retracement is at 0.8380, break is to 0.8400 then 0.8420, break above here would power upward movement to target 0.8490/00, while low is at 0.8300/10, if broke would target 0.8270/80.
Usd/Jpy This pair still on downtrend from yesterday, would face support around the 80 level but if broken then would target our short term buy signals for this pair, retracement is at 80.45/50, break is to 80.65 then 80.75/80, break then base above here would change direction targetting 81.20/30.
Gbp/Usd This pair is still on downtrend, collapsed more than expected yesterday but as much as you are following the trend you are in more benefit.., today would face support at 1.5850/60, break below would extend weakeness to our short term buy signals, retracement at 1.5945/50, break is to 1.6010/15 then 1.6040 must hold.
Euro/Usd This pair is still on downtrend, also collapsed more than expected with a powerful downtrend, retracement is at 1.4120, break is to hold at 1.4320/30, while on the downside would target our short term buy signals for this pair.., and take note that 1.4000 would be forming a low resistance later on if prices kept collpasing down..
Usd/Cad This pair is still on uptrend started yesterday, targetting as high as 0.9820/30 if broke then base above 0.9740 first, retracement is at 0.9660/70, break is to 0.9620
Nzd/Usd This pair reversed yesterday and you had a clear breakout strategy from retracement at 0.8330 and downward to 0.8210/20.., today on downtrend targetting 0.8100/10, retracement is at 0.8270/75 break is to 0.8295/00
Euro/Gbp This pair is still on downtrend, targetted our yesterday low, today would face support at 0.8770/80, break then base below would extend weakness to 0.8740 then 0.8690/00, retracement is at 0.8840/50, break is to hold at 0.8940/50
Euro/Chf This pair is still on downtrend, would face support at 1.1660, break then base below would extend weakness to target 1.1590/00 then 1.1520/30, retracement is at 1.1820/30, break is to hold at 1.2030/40(if reachable)
Aud/Usd This pair is still on downtrend, targetting 1.0510/20, retracement is at 1.0665/70 break is to hold at 1.0720, and take note that 1.0640/45 formed a low resistance
Euro/Jpy This pair is still on downtrend, collapsed more than expected and still.., targetting 117.40/50 then 110.85/90 then 109.40/50, retracement is at 113.70/80 break is to hold at 115.50/60
Gbp/Jpy This pair is still on downtrend, targetting 126.60/70 then 126.10/20 then 125.00, retracement is at 128.25/30 break is to hold at 129.25/30.
Gbp/Chf This pair is still on downtrend targetting 1.3200/10, below would extend weakness to 1.3185/90 then 1.3140/50, retracement is at 1.3350/60 break is to 1.3470/80 that would hold.
Oil is still on downtrend, targetting 93.40/50 then 93.10/15 then 92.10/15 then break here must hold at 90.30/40, retracement is at 95.40/50 break is to 95.95/00, break then base above would change direction to target 97.20/30 then hold at 98.60/70
Gold is still on uptrend, targetting high at 1563/64, retracement is at 1544/45, break is to 1523/24 then 1520 must hold but if broken change of direction would occur..
We have 2 Very Important News Releases today for the Sterling & Dollar Currencies:
- UK CPI: Buy Gbp/Usd if 4.7% or above while sell if 4.3% or below
- US FOMC Meeting Minutes: There would be focus on this FED meeting to look closely at the Fed reaction after the super bad NFP Numbers, and if there's be any hint at possible QE3 or would be kept far away at least for now as Bernanke confirmed in previous press conference after rate decision, also talks about inflation, umemployment, interest rates would all decide direction of Usd/Jpy & Usd/Chf at least for coming days of this week.
Lets see if Bernanke & his buddies have something positive to say this time or at least keep some positivity in the markets from past 2-3 weeks good press conference especially regarding keeping QE3 far way..
* I believe that Chf pairs are more driven by MiddleEast and North Africa political problems more than any other influence, same for Yen pairs influenced by Japan earthquake, tsunami, nuclear problems more than anything else and the market is reacting in this procedure..
But mainly Usd/chf & Usd/Jpy would be safe to buy at least for this period of time as much as FOMC Meeting Minutes comes out as normal or good.., because risk aversion is controlling the market recently with a powerful Dollar & Yen.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 13 July 2011:
Short Term Signals:
Usd/Chf Buy 0.8245/50 then 0.8215/20 then 0.8145/50, sell 0.8405/10 then 0.8445/50 then 0.8500/05
Gbp/Usd Buy 1.5780/85 then 1.5710/15 then 1.5650/55, sell 1.6010/15 then 1.6050/55 then 1.6155/60
Euro/Usd Buy 1.3820/25 then 1.3740/45 then 1.3645/50, sell 1.4115/20 then 1.4175/80 then 1.4295/00
Usd/Jpy Buy 78.15/20 then 77.50/55 then 76.60/65, sell 80.70/75 then 81.30/35 then 82.25/30
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, after failing to break above our first short term sell signal for yesterday & collapsing again, retracement is at 0.8345/50, break is to 0.8390/00, break then base above here might target high at 0.8490/00, while on the downward is for a retest of 0.8280 that must mainly hold but if broken would target our short term buy signals for this pair.
Euro/Usd This pair is still on downtrend, despite powering up after hitting our second short term buy signals for this pair(1.3840), but kept below retracement for today at 1.4060/70, break is to 1.4270/80 then 1.4300/10 must mainly hold, while basing below 1.3950/60 low price where this pair is trying to base to target retracement then break upward would target our short term buy signals for this pair
Gbp/Usd This pair is still on downtrend, despite reversing from the second short term signal for this pair yesterday, but faced strong resistance at our yesterday retracement 1.5945/50 and couldn't break above, today a break above if occured would target 1.6010/20, then break here is to hold at 1.6150/60, while to the downside would face support at 1.5880 but if broken then would target our short term buy signals for this pair.
Usd/Jpy This pair is still on downtrend, targetting our short term buy signals for this pair if broke below yesterday late hours low price good support at 78.40/50, retracement is at 79.85/90(79.65/70 forming a low resistance), break is to 80.60/70 that must mainly hold.
Usd/Cad This pair moved up and down yesterday, didn't continue upward to our targetted high price then performed a successful breakout strategy, today facing support at 0.9620 break is to 0.9560 then possibly low at 0.9490/00, and resistance at 0.9650 break is to 0.9690/00 then 0.9730/40
Nzd/Usd This pair is still on downtrend, after hitting our specific low price for yesterday, retracement at 0.8240/50, break is to 0.8290/00 that must hold but if broken would change direction and target 0.8350/60, while low is at 0.8020/30 if yesterday low at 0.8100/10 is broken first, take note that 0.8220 is starting to form a low resistacne if market price kept collpasing down and isn't able to base above this price..
Euro/Gbp This pair still on downtrend targetted our yesterday price, retracement is at 0.8820/30 break is to hold at 0.8910/20, while below support at 0.8760 would extend weakness to target 0.8720/30 then 0.8700 then as low as 0.8650/60
Euro/Chf This pair is still on downtrend, trying to base above low price 1.1600 to target retracement at 1.1740/50 then break is to hold at 1.1990/00, while below said low would extend weakness to target new historic lows as 1.1510/15 then 1.1455/60.
Aud/Usd This pair is still on downtrend, targetted yesterday low price, today trying to break above retracement at 1.0640/50 to target 1.0700/10 then above here would change direction, while low is at 1.0440/50 as a continuation of downtrend movement..
Euro/Jpy This pair is still on downtrend, retracement is at 112.40/50 with 111.90 forming a low resistance, break is to 114.90/00, while kept on the downside is to target 108.95/00 then 107.90/00 if yesterday low at 109.50/60 is broken at first.
Gbp/Jpy This pair is still on downtrend, retracment is at 127.40/50, break is to hold at 128.90/00, while low resistance is forming at 126.95/00, continuation of downtrend movement is to target 124.40/50 then 123.40/50.
Oil reversed after hitting one of yesterday support prices at 93.50 then succeeded in a breakout strategy to base above 96.30 today targetting 99.10/20 with resistance at 97.40/50 on the way upward, while a base below 96.30 is to target 94.70/80 then retest 93.50, below would extend weakness and might taregt 90.30/40
Gold is still on uptrend targetted more than expected historic highs after FOMC Meeting Miuntes QE3 Debate bt. Fed Members, today would face resistance at 1571/72, retracement is at 1555 break is to 1532 then 1522 must mainly hold.
* As you realize all above pairs are in downtrend movements with collapse of prices yesterday, only Gold & Oil spiked above, this is occuring in a mixed market but a good opportunity when direction is set because correlation isn't found currently and market prices must fix itself for pairs to start correlating normally again, since as you realize Euro/Usd & Usd/Chf are moving in a downtrend movement and the opposite must be as one going up and the other down.
Well all this mixture is provided by the said safe haven currency Swiss Franc besides other factors as EuroZone problems that are looking not to end soon beside Fed that looks with no clear decision to take, do not want to anger the market by talking clearly about QE3 and on the other side do not want to remove the idea at all, and yesterday FOMC Meeting Minutes proved that with debate about QE3, some with while some against and the market reacted shyly with a retest of 0.8280 after traders hearing QE3 possibility but then price failed to continue downward also with Chf not powering enough and Swiss Natinal Bank thoughts seeing Chf as currently "overvalued"
*No Important News Releases for today to directly shake the market but UK Claimant Count Change might effect the sterling currency, and Fed Chairman Ben Bernanke Testifies might come up with something important..
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 14 July 2011:
Short Term Signals:
Usd/Chf Buy 0.7975/80 then 0.7915/20 then 0.7755/60, sell 0.8315/20 then 0.8420/25 then 0.8510/15
Usd/Jpy Buy 78.30/35 then 78.05/10 then 77.50/55, sell 79.60/65 then 79.95/00 then 80.30/35
Gbp/Usd Buy 1.5930/35 then 1.5810/15 then 1.5710/15, sell 1.6315/20 then 1.6375/80
Euro/Usd Buy 1.3980/85 then 1.3850/55 then 1.3740/45, sell 1.4420/25 then 1.4490/95
Medium Term Daily Analysis:
Usd/Chf Bernanke damaged the dollar currency and specifically this pair. Fed Chairman yesterday talks about being ready with his buddies to act with QE3 if economical numbers keep weakening, marked new historic lows for this pair.
Only Intervention by the Swiss National Bank might save this pair & also Euro/Chf Gbp/Chf from more collapsing, and this idea is among SNB thoughts recently..
This pair is still on downtrend, low resistance formed at 0.8160/70, retracement at 0.8220, break is to 0.8330/40 then 0.8360/70 must mainly hold, while on the downside would target our short term buy signals..
Usd/Jpy This pair had nearly same scenario, sent to low levels but kept in reasonable price range due to fears of intervention that appeared as reality & a fast hint on wednesday daily open candle in first minutes when this pair collapsed to 78.50 then spiked up again, and was more effective with the Euro/Jpy & Gbp/Jpy with around 200 pips spike upward.
Today, still on downtrend, low resistance is at 79.10/15, retracement is at 79.30, break is to 80.25/30 then 80.50 must hold, while on the downside would target our short term buy signals if passed yesterday said goos support at 78.40/50(was a good buy again for today early hours but might not hold much with many tests).
Gbp/Usd This pair reversed to uptrend today after a successful breakout strategy powered by Bernanke talks, today looking to possibly retrace to 1.6060/70, break is to 1.6030/35 and below would return it to downtrend channel and this upward move would be seen as a correction of recent collapse, while on the upside is to target our short term sell signals and by this powering this trend movement and forming a front support around 1.6200
Euro/Usd This pair also ended yesterday with a successful breakout strategy(review previous post), but was not enough to base it on uptrend today, instead moving bt.support at 1.4170/80 break is to 1.4000/10, and resistance at 1.4270/80 break is to 1.4320/30 then 1.4350/60, a base above here would confirm upward movement and power it to target our short term sell signals for this pair
Usd/Cad This pair with a successful breakout strategy ended yesterday daily candle, to base on downtrend, retracement at 0.9610/20 break is to 0.9680/90 then 0.9720 must hold, while on the downside would target 0.9470/80 if yesterday low price at 0.9560 is penetrated.
Nzd/Usd This pair spiked up like many others pairs after Bernanke talks of possible QE3, basing on uptrend with new historic high around 0.8500 before retracing possibly to continue to retracement at 0.8360/70, break is to 0.8320/30 then 0.8240/50 must hold while more historic highs are not seen in the picture for today but if occured then new cycle of more historic highs would form.
Euro/Gbp This pair still on downtrend, targetting 0.8755/60 break would extend weakness to 0.8720/30 then 0.8685/90 must hold, retracement is at 0.8820/30 break is to 0.8890/00 then 0.8930/40 must hold
Euro/Chf This pair is still on downtrend, trying to base above low price level at 1.1500/10 to target retracement at 1.1650/60, break is to 1.1890/00 that must hold while new historic lows can be targetted as 1.1420/30 then 1.1360 if low price is penetrated..
Aud/Usd This pair reversed to uptrend, basing above retracement at 1.0710/20 to target high at 1.0870/80 while a base below retracement would target 1.0650/60 but 1.0600 must mainly hold.
Euro/Jpy This pair is still on downtrend, trying to base above 111.30/40 but also finding difficulty to break above retracment at 111.90/00, break is to 114.50/60 then 115.20 must mainly hold while below 111.30/40 might target 110.95/00 then 110.20/25 then 109.60/70 must hold.
Gbp/Jpy This pair is still on downtrend, trying to base above 126.80 low level to target retracement at 127.60/70, break above is to target 128.90/00 that must mainly hold, while below said low price level is to target 126.00/10 then 125.30/35 then 124.60/70 would hold.
Gbp/Chf This pair is still on downtrend, trying to base above low resistance at 1.3120 to target retracement at 1.3200/10 then break is to 1.3360/70 then 1.3400/10 must mainly hold, while new historic lows can be targetted as 1.2975/80 then 1.2915/20 if 1.3040/50 is penetrated first.
Gold is still on powerful uptrend, formed new historic highs after Bernanke Talks.., today retracement is at 1570 break is to 1544/45 then 1525 must hold, while new historic highs might be as 1600 then 1606/07 then 1622/23.
Oil is still on uptrend, targetting high at 99.60/70, retracement is at 97.10/20, break is to 96.80 then 95.00/10 must mainly hold.
*** As traders using my short term signals realized yesterday that you can still gain good pips(10-30) even in dangerous market as news releases and Bernanke Testify yesterday was an example, but you do not need to hold your order for much but Take Profit(10-30) or at worst you could close your order at small gain or loss if you didn't trade accurately by not using the signal if market price is retesting it not directly hit it..
As I gave traders a hint yesterday about correlation, market had done as expected back to correlation rule as Euro/Usd up and Usd/Chf down, hopefully many used this trading tip.
We have an Important News Release today for the Dollar Currency:
- US Core Retail Sales: Buy Usd/Chf & Usd/Jpy if 0.5% or above while Buy Euro/Usd & Gbp/Usd if below 0%
**This news release & other coming crucial ones till next month would be important for traders because good numbers would make traders optimistic about the Fed not going to QE3 and vice versa if numbers kept weakening, since as Bernanke announced QE3 is ready only if numbers kept weakening..
Maybe traders have no faith in the Fed from long time, so any QE3 hint would weaken the dollar but if we keep a close focus at what Fed Chairman said, traders could had realized that QE3 is an option among other 2 options for the Fed next step, not the only one, also just if economical numbers kept weakening..
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 15 July 2011:
Short Term Signals:
Usd/Chf Buy 0.8075/80 then 0.8045/50 then 0.7990/95, sell 0.8210/15 then 0.8245/50 then 0.8290/95
Usd/Jpy Buy 78.20/25 then 77.85/90 then 77.30/35, sell 79.75/80 then 80.10/15 then 80.70/75
Euro/Usd Buy 1.4065/70 then 1.4025/30 then 1.3935/40, sell 1.4280/85 then 1.4335/40 then 1.4405/10
Gbp/Usd Buy 1.6080/85 then 1.6050/55 then 1.6010/15, sell 1.6205/10 then 1.6235/40 then 1.6285/90
Medium Term Daily Analysis:
Usd/Chf This pair still on downtrend, faced good resistance with many tests of yesterday low resistance 0.8160/70 before breaking to around 0.8200 after Bernanke talks in his second testify that Qe3 is possible but not probable(well some mind games from the FED chairman, but as I mentioned yesterday QE3 is an option among other 2 and isn't a definite step by the Fed) but collapsed fast from there after Moody's and S&P warnings about risk of credit rating downgrade,
today trying to base above 0.8130 targetting 0.8195/00, break then base is to target 0.8300/10 then 0.8350/60 must hold, while on the downside to target our short term buy signals.
This pair looks to be moving sideways bt. current prices until a clear decision is seen, besides the US Debt Deal is still a problem trying to be solved by the US President Barack Obama with a pressure on solution by deadline date..
Usd/Jpy This pair is still on downtrend, trying to base above 79.00 to 79.30 break is to target 80.10/20 then 80.40/50 must hold, after yesterday intervention by BOJ(wouldn't admit that for many reasons..) around 100 pips from yesterday said good support at 78.40/50 to around 79.60, looks to be kept in this range and to the upward with buyers around 78.80/90, who would increase around 78.40/50 then 78.00/20 would trigger many buy orders, fear of intervention is still controlling this pair and traders are from one side trying to pressure BOJ by moving prices lower to test BOJ intervention probability because some traders believe that BOJ might find it difficult to always successfully intervene since they'll need someexplaination for that among other economical global countries,
but do not test the BOJ because as Japan Finance Minister said they are always ready with no previous warning.. I believe they'll keep intervening if price drop down to said low range, ofcourse without admitting that, till traders who are selling this pair and powering the yen understand that they'll loose money by doing that..
Gbp/Usd This pair still on uptrend but facing resistance at 1.6180 and below 1.6200, break is to our short term sell signals, while retracement is at 1.6090/00, break is to 1.6040/50 then must hold above 1.6000
Euro/Usd This pair kept moving sideways after finding resistance at 1.4270/80 and not continuing breakout from 1.4170/80 to 1.4000/10 but holding above 1.4100, today resistance at 1.4220/30 break is to 1.4300/10 then 1.4350/60, and support at 1.4150 break is to 1.3980/90
Usd/Cad This pair still on downtrend, below retracement at 0.9600/10 to target 0.9540/50 break would extend weakness to as low as 0.9460/70 while above 0.9620 is to target 0.9670/80 then 0.9700/10 must hold
Nzd/Usd This pair is still on uptrend, kept retracing to target 0.8380/90, break is to 0.8330/40 then break here must hold at 0.8260/70 while on the upside to retest 0.8500/10
Euro/Gbp This pair is still on downtrend, retracement at 0.8795/00, break is to 0.8860/70 then 0.8920 must hold, while low is at 0.8730/40, below would extend weakness to 0.8680
Euro/Chf This pair is still on downtrend, low at 1.1440/50, retracement at 1.1610/20, break is to 1.1810/20 must hold
Aud/Usd This pair is still on uptrend, retracement at 1.0710/15, break is to 1.0660/70 then 1.0630/40 and 1.0600 must hold while high is at 1.0870/80 if first broke above 1.0800
Euro/Jpy This pair is still on downtrend, retracement at 113.40/50 break is to 113.95/00 then break here is to target 115.00/10 that must hold, while low is at 111.00
Gbp/Jpy This pair is still on downtrend, trying to base above 127.50/60 to target 128.50/60 then 128.90/00 must hold while low is at 126.90/00
Gbp/Chf this pair is still on downtrend, retracement is at 1.3195/00 break is to 1.3320/30 then 1.3390/00 must hold, while low is at 1.3080/90
Oil reversed to downtrend, retracement at 96.30/40 break is to 96.60/70 then high is at 99.50/60, below retracement is to target 95.00, below here would extend weakness possibly to 93.50/60
Gold is still on uptrend, retracement is at 1575/76 break is to 1533 then 1527 would hold if reached here with a big collapse.., while high is at 1591/92
We have an Important News Release today for the Dollar Currency:
- US Core CPI: Buy Usd/Chf & Usd/Jpy if 0.3% or above while Buy Euro/Usd & Gbp/Usd if 0 % or below
Have A Great Trading Day