Forex Buy & Sell Trading Signals - page 4
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Hey Verbum,
Well, if you mean forex market price movement, then I'll tell you that there are many factors that lead to certain direction movement for each forex pair, Gold, Oil, futures.. from fundamental to technical to news releases to political...
You can find full explaination for these factors on reputable forex websites as fxfisherman
Good Luck
Hello Traders,
Forex Signals & Analysis for 18 July 2011:
Short Term Signals:
Usd/Chf Buy 0.800/85 then 0.8040/45, sell 0.8185/90 then 0.8310/15 then 0.8235/40
Usd/Jpy 78.85/90 then 78.80/85 then 78.65/70, sell 79.25/30 then 79.40 then 79.50/55
Euro/Usd Buy 1.4040/45 then 1.3995/00, sell 1.4210/15 then 1.4240/45 then 1.4295/00
Gbp/Usd Buy 1.6030/35 then 1.5990/95, sell 1.6190/95 then 1.6220/25 then 1.6270/75
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, retracement is at 0.8145/50, break is to 0.8245/50 then 0.8320/30 must hold, while low is at 0.8040/50 if broke below 0.8080
Usd/Jpy This pair is still on downtrend, retracement at 79.20 break is to 79.70/80 then 80.20/30 must hold, while low is at 78.60/70
Euro/Usd This pair is kept on downtrend after sideways movement on friday and unability to base above which lead to base below, retracement is at 1.4120, break is to 1.4160/70, break here would target 1.4290/00, while low is at 1.3940/50
Gbp/Usd This pair still holding on uptrend despite several retracements, retracement is at 1.6100 break is to 1.6040, then below here might extend weakness to 1.5940/50 if based below 1.6000 but would hold above 1.5900,
while would face resistance at 1.6190/00, above would power uptrend..
Usd/Cad This pair is still on downtrend, retracement is at 0.9570/75, break is to 0.9595/00, break here would target 0.9645/50 then break would hold at 0.9690/00, while low is at 0.9450/60
Nzd/Usd this pair still on uptrend, retracement at 0.8420, break is to 0.8370/80 then break here would hold at 0.8300, while high is at 0.8550/60
Euro/Gbp This pair is still on downtrend, low is at 0.8690/00, retracement is at 0.8770, break is to 0.8820, break above here would hold at 0.8900/05
Euro/Chf This pair is still on downtrend, retracement at 1.1495/00, break is to 1.1680, low is at 1.1300/10
Aud/Usd This pair reversed to downtrend after talks of lowering Aussie interest rates, targetting low at 1.0480/90, retracement is at 1.0650, break is to 1.0690/00
Euro/Jpy This pair is still on downtrend, low is at 110.00/10, retracement is at 111.70/75, break is to 112.90/00
Gbp/Jpy This pair is still on downtrend, low is at 126.50/60, retracement is at 127.50, break here is to target 128.20/30, then 128.70/80 must hold
Gbp/Chf This pair is still on downtrend, low is at 1.2990/00, retracement at 1.3100/10, break is to 1.3240/50
Oil is moving sideways, support is at 96.85/90 break is to 95.60/70 then break here woud target 93.50/60, while kept basing above 97.00 would target 97.70, break here is to 98.85/90 and high at 99.80/90 would hold.
Gold is still on uptrend, targetting new historic high at 1613/14, retracement is at 1589, break is to 1569/70 then 1535/36 would hold.
Have A Great Trading Day
Hello Traders,
Forex Signals for 19 July 2011:
Short Term Signals:
Usd/Chf Buy 0.8095/00 then 0.8065/70 then 0.8025/30, sell 0.8215/20 then 0.8240/45 then 0.8290/95
Gbp/Usd Buy 1.5980/85 then 1.5940/45 then 1.5880/85, sell 1.6150/55 then 1.6190/95 then 1.6250/55
Euro/Usd Buy 1.4010/15 then 1.3965/70 then 1.3920/25, sell 1.4175/80 then 1.4205/10 then 1.4275/80
Usd/Jpy Buy 78.85/90 then 78.80/85 then 78.65/70, sell 79.15/20 then 79.25/30 then 79.40
* Pardon Me for some typing mistake for this strategy yesterday, hopefully you understood the doubt numbers. Anyway, mustn't had effected results because of tight price range for pairs yesterday.
Yesterday achievements for these signals were first signals for Usd/Chf sell 0.8185/90, Euro/Usd Buy 1.4040/45, Gbp/Usd Buy 1.6030/35
Remember that TP is 10-30 pips, if you want to target more than 30 pips then the signal must be compatible with the Medium Term Daily Analyis for the certain pair as retracement or high or low or breakout price level,
or as your forex knowledge(if Good) tells you.., while stop loss is at 30-50 pips. Mainly you'll be trading against the daily trend as a bouncing trading strategy especially when a pair is trending but sometimes you might buy or sell at a reversal signal price which would lead to a huge pips gain, or you might be trading in other times in a sideways market where you would trigger a sell order then later on a buy signal.
All depends on market price movement for the certain pair but you'll always be ready for good profits with my signals if you want to keep them running more than 30 or stick to the rule 10-30 and also to SL if you find yourself facing sometime if you didn't adapt the basic rule for this strategy..
Medium Term Daily Analysis:
Usd/Chf This pair is performing a breakout strategy from support 0.8160 to target resistance 0.8220/30, break of support might target low at 0.8050/60 while break of resistance is to target 0.8310/20
Gbp/Usd This pair is squeezed bt. resistance at 1.6080 break is to hold at 1.6190/00, and support at 1.6050/60 break is to target 1.6000 and break here might extend weakness to 1.5900/10
Usd/Jpy This pair is still on downtrend, retracement is at 79.10/20 break is to target 79.50/60 then if breaks above here would hold at 80.20, while low is at 78.50
Euro/Usd This pair is still on downtrend, retracement is at 1.4140/50, break is to hold at 1.4290/00, while basing below 1.4120 is to target low at 1.3950
Usd/Cad This pair is still on downtrend, despite successful breakout strategy yesterday but based below again, resistance at 0.9595/00, break is to 0.9630/40 then 0.9670 then 0.9690/00 must hold, while below support at 0.9570 is to target 0.9520, break here might extend weakness to low at 0.9470/75
Nzd/Usd This pair is still on uptrend but mainly had been moving sideways for some days, today retracement is at 0.8430/40 break is to 0.8390/95 then break is to target 0.8310/20 that must hold, while high is at 0.8550/60
Euro/Gbp This pair still on downtrend, despite hitting very near to yesterday low price then retracing upward, today retracement is at 0.8800/05 break is to hold at 0.8900/10 with some resistance on the way as 0.8830/40 then 0.8850/60, while a base below support at 0.8770 is mgiht target as low as 0.8690/00
Euro/chf This pair is performing a breakout strategy from support 1.1520 to target resistance at 1.1630/40, break above is to target 1.1890/00 while below support is to target 1.1400/10, break here would extend weakness
Gbp/Chf This pair is also performing a breakout strategy from support at 1.3120 to resistance at 1.3200/10, break above is to 1.3340/50 while below support is to 1.3030/40, break here would extend weakness to 1.2970/80
Mainly the Chf pairs look as if would cover the past days weakness with a weak chf currency started from yesterday but lets wait and see if the breakpout strategies would end successfully..
Gbp/Jpy This pair is still on downtrend, basing below retracement at 127.20/25 to target low at 126.30/40, while break above retracement is to 127.70/80 then break here would extend gains to 128.70/80
Euro/Jpy This pair basing below retracement at 111.70/80 targetting low at 109.80/90, while break of retracement is to target 112.50/60, break here would extend gains ot 114.60/70 that would hold.
Gold is still on uptrend, targetting high at 1623/24, retracement is at 1595/96, break is to 1577/78 then break here would hold at 1540/41
Oil is still moving sideways, basing above 96.60 is to target 97.50/60 break here would target 98.80/90 but high at 99.30/40 would hold, while basing below 96.60 is to target 95.90 then 95.00/10, below must hold at 94.60/70, break here would extend weakness to 93.50/60
We have an Important News Release today for the Canadian Dollar:
- CAD BOC Rate Decision: Buy Usd/cad if 0.75% while sell if 1.25%, current rate is 1 % and is expected to be kept as it, so BOC statement would be the measure for direction of this pair, wait for marlet to decide direction if rate is kept the same, then trade according to this pair daily analysis contents..
* Well, Some traders blame me for not talking much about News Releases achievements which are very effective with big number of pips gains and high % of accuracy.
I'll go back to a recent news release which was on friday for the Dollar Currency """US Core CPI: Buy Usd/Chf & Usd/Jpy if 0.3% or above..."
The number came out exactly at 0.3% and as you remember both pairs spiked up..
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 20 July 2011:
Short Term Signals:
Usd/Chf Buy 0.8140/45 then 0.8095/00 then 0.8040/45, sell 0.8315/20 then 0.8350/55 then 0.8420/25
Usd/Jpy Buy 78.80/85 then 78.60/65 then 78.40/45, sell 79.40/45 then 79.50/55 then 79.80/85
Gbp/Usd Buy 1.6035/40 then 1.5995/00 then 1.5935/40, sell 1.6200/05 then 1.6240/45 then 1.6305/10
Euro/Usd Buy 1.4055/60 then 1.4000/05 then 1.3935/40, sell 1.4255/60 then 1.4295/00 then 1.4380/85
Medium Term Daily Analysis:
Usd/Chf This pair is trying to base on uptrend today after a successful breakout strategy yesterday, with optimisim about US Debt Ceiling solution.., basing above 0.8200/10 to target 0.8310/20, break here would extend gains to our other 2 short term sell signals, while below 0.8200 is to target our short term buy signals.
Usd/Jpy This pair couldn't keep the power of a powerful upward movement after a solution for the US debt ceiling appeared, and filtered below today retracement at 79.40, break is to target 80.10/20 while a base below 79.10 would target our short term buy signals for this pair
Gbp/Usd This pair nearly completed a successful breakout strategy yesterday started from resistance 1.6080 to target 1.6190/00(market price held at 1.6178), trying to base today on uptrend above 1.6100/10 to target 1.6200/05, break is to the other 2 short term sell signals, while below 1.6100 is to target our short term buy signals.
Euro/Usd This pair also had a good breakout strategy but failed to continue to kept moving up and down waiting for a clear decision & solution for Greece debt problem besides many other problems that the Euro-Zone might keep facing..
I believe that a reach to 1.4220 was very optimistic, also taking in consideration German Zew Sentiment very bad news release that was expected before number came out as more bad than expected but Euro kept optimism about a solution for Greece bebt with Euro Summit..
Today trying to base above 1.4140 to target 1.4290/00 while below is to target our short term buy signals.
Usd/Cad This pair kept downtrend and came shy of our yesterday low price 0.9470/75(had held at 0.9482) but ofcourse you enjoyed a very successful breakout strategy from 0.9570 support level, today low price is at 0.9470/75, retracement is at 0.9540, break is to 0.9580 then 0.9600/10
Nzd/Usd This pair still on uptrend, targetted our high 0.8550/60 with a little boost to 0.8570, today high is at 0.8575/80, retracement is more favoured to target at 0.8495/00, break is to 0.8420 then 0.8340/50 must hold if a powerful bearish candle occur.
Euro/Gbp This pair held at yesterday retracement at 0.8800/05 and kept on downtrend, today retracement is at 0.8795/00, break is to target 0.8895/00 high price, while basing below 0.8770/80 would target as low as 0.8670/80 low price
Euro/Chf This pair covering past days of weakness as other chf pairs had done yesterday with a successful breakout strategy, trying to base on uptrend today above 1.1600/10 targetting 1.1880/90 while below 1.1600 is to target 1.1520/30, break here is to as low as 1.1450/60
Gbp/Chf This pair in same scenario with successful breakout stratgey, basing on uptrend above 1.3200/10 targetting 1.3350/60, break would extend weakness to 1.3420/30 then 1.3480/90 must hold while below 1.3200/10 would target 1.3090/00 then 1.3000/10 must hold
Aud/Usd This pair basing on uptrend, above retracement 1.0690/00 targetting high at 1.0820/30 while below retracement would target 1.0620 then 1.0570/80 must hold
Euro/Jpy This pair is squeezed bt. resistance at 112.20/30 break is to 114.40/50 and support at 111.90/95, break might target low at 109.80/90 with supports on the way as 111.20 then 110.70/75 then 110.30/40
Gbp/Jpy This pair is also in same scenario.., trying to base on uptrend above 127.60 to target 128.60/70 while below 127.50 might target low price at 126.30/40
Oil with a successful breakout strategy yesterday started from 96.60 targetted 98.80/90 to base it on uptrend today, above retracement at 97.70 break is to 97.00 then break here would target 96.30/40, below would extend weakness to possibly 95.00/10 while high is at 99.40/50
Gold is looking to leave uptrend after long days(around 14 days) on uptrend, basing below 1591/92 to target 1580/81, break here would extend weakness and confirm downtrend to target as low as 1545/46, while a comeback & base above 1591/92 might target 1610 then a break here would target high at 1625/26
We have 2 Important News Releases today for the Sterling & Dollar Currencies:
- UK MPC Meeting Minutes: Buy Gbp/Usd if 3 Vote for Hike while Sell if 2 Vote for Quantitative Easing or if Asset Purchasing facility is raised above 200 Billion.
Mainly, the sterling is facing a bad overall situation, look to blindly sell this pair if numbers get compatible because this currency looks to weaken, but on the other hand wait for a clear market direction movement if numbers are kept as forecasted..
- US Existing Home Sales: BUY Usd/Chf & Usd/Jpy if 5.10M or above while Buy Euro/Usd & Gbp/Usd if 4.60 M or below
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 21st July 2011:
Short Term Signals:
Usd/Chf Buy 0.8165/70 then 0.8140/45 then 0.8105/10, sell 0.8270/75 then 0.8295/00 then 0.8335/40
Usd/Jpy Buy 78.45/50 then 78.30/35 then 77.95/00, sell 79.30/35 then 79.55/60 then 79.75/80
Gbp/Usd Buy 1.6070/75 then 1.6030/35 then 1.5990/95, sell 1.6215/20 then 1.6240/45 then 1.6305/10
Euro/Usd Buy 1.4135/40 then 1.4080/85 then 1.4025/30, sell 1.4330/35 then 1.4360/65 then 1.4450/55
Medium Term Daily Analysis:
Usd/Chf This pair kept on uptrend started yesterday after basing again above 0.8200/10 retracement level, break is to our short term buy signals while above is to target 0.8310/20 then a base above here would power the trend..
Usd/Jpy This pair is kept on downtrend after breaking below 79.10 targetted our short term buy signals, today retracement lowered to 79.95/00, break is to 79.10/20, abpve here would target our short term sell signals for this pair and possibily near 80.00 level, while low is at 78.10/20
Gbp/Usd This pair kept uptrend after reversing from 1.6068 yesterday low, retracement is at 1.6130/35, break is to 1.6090/00 then 1.6060/70 must hold but if broken and based below trend direction would change and target our other 2 short term buy signals for this pair while high is at 1.6220, a base above would power the trend
Euro/Usd This pair kept on uptrend from yesterday after basing above 1.4140, but looking to face resistance today at 1.4290/00, above would power trend to our short term sell signals, retracement is at 1.4200/05, break is to 1.4150/60 then a base below 1.4140 would change direction to target our short term buy signals for this pair
Usd/Cad This pair still on downtrend, broke below our yesterday low price by around 13 pips(to 0.9457) then filtered at that low level retracing up again, targetting today retracement at 0.9500/10, break is to 0.9560 then 0.9590/00 and 0.9660/70 must hold if reached, while I do not see any further low price than 0.9460 at least for today.
Nzd/Usd This pair still on uptrend, targetted our high price for yesterday then retraced downward, today retracement is at 0.8520/30, break is to 0.8440/50 then a break here if occured would target 0.8370/80 that must hold, while another high price is at 0.8590/00 that must hold but if based above then more power for the trend would continue in coming days..
Euro/Gbp This pair is basing on uptrend today, above 0.8800/05 targetting 0.8890/00 with resistance on the way at 0.8850, a base above 0.8900 would power the trend, while below 0.8800 is to target 0.8750/60 then break is to 0.8700/10 but low price level at 0.8670/80 must hold
Euro/Chf This pair is still on uptrend started yesterday, targetting 1.1870/80, above here would more power the trend, while retracement is at 1.1650/55 break is to 1.1600/05, a base below would change direction to target 1.1510/20
Gbp/Chf This pair is still on uptrend started yesterday, targetting 1.3350/60 that would be a good resistance, if broken would extend gains and power the trend, retracement is at 1.3230/40, break is to 1.3190/00, a base below would target 1.3100/10
Gbp/Jpy This pair kept downtrend after being rejected from above and basing below 127.60 targetting low level at 126.10/20, while above 126.60 is to target 128.50/60
Euro/Jpy This pair is in a better situation after basing above 112.00/10 targetting 114.20/30, while a base below would target 111.10/20 then possibly 110.60/70
Aud/Usd This pair is stull on uptrend, retracement is at 1.0700/10, break below 1.0690 is to low price level at 1.0600/10, while high is at 1.0810/20
Gold is kept on uptrend after retracing to said yesterday price at 1581 then basing above retracement for today at 1595 targetting as high as 1632/33 if broke above 1610 at first, while break of today retracement is to target 1587/88 then break here would extend weakness to 1550/51
Oil is still on uptrend, despite filtering at our yesterday said high price level but based today above retracement at 97.80/90 break is to 97.10/20 then a break here would target 96.60/70, below must hold at 0.9510/20 but if broken 93.90/00 is the low level for today, while high resistance price is at 99.20/30, a base above if happens would power the trend.
We have 2 Important News Releases today for the Sterling & Dollar Currencies:
- UK Retail Sales: Buy Gbp/Usd if 0.8% or above while Sell if below 0%
- US Unempolyment Claims: Buy Usd/Chf & Usd/Jpy if below 380K while Buy Euro/Usd & Gbp/Usd if above 420K
Also Forex News to closely look at today is the EU Economic Summit that would directly effect the Euro Currency, while on the other hand there's Fed Chairman Ben Bernanke Testify, I believe that if Mr. Ben comes out with rubbish talks as usual and the dollar especially Usd/Chf & Usd/Jpy pairs collapse again to low price levels than better from Mr. Obama to eliminate Mr. Ben from the Fed Job,
and I am sure that both pairs would spike up only after the Fed Chairman leaves with no comeback because no trader would imagine that there would exist a more bad policy than Bernanke's Fed Policy that had only favoured his and Dudley's(Fed Vice President) partner & friend the "Goldman Sachs", keeping the US Economy at the most dangerous situation in its history, besides other factors as bad political actions if I want to talk Generally..
It is really funny but also painful for some traders that rely on the dollar power especially for Usd/Chf & Usd/Jpy pairs that at any new news release for the dollar currency or specifically a press conference for Fed Chairman, both pairs start to weaken before few hours then few minutes from Mr.Bernanke talking, while on the other hand the Euro powers when ECB President Trichet have a press conference.
Well, because it's not a secret that most traders hadn't and aren't trusting the Fed policy decisions so far, and the same guy is kept at top of the Fed ruining the US Economy from Bush Presidency era till President Obama era that was a surprise to keep Bernanke at his Fed Job, maybe because after destroying the dollar currency Mr. Bernanke is heading to destroy the global economy to finsih his job perfectly before the US Government realize that his not the man for the Fed Job, with no solution but to always "print more money".., but maybe kept to get pictured for his "Nice Beard", but also my Uncle has a better Nice Beard, so he is surely also qualified for a Fed Job if bernake is...
Have A Great Trading Day Traders
Hello Traders,
Forex Signals & Daily Analysis for 22nd July 2011:
Short Term Signals:
Usd/Chf Buy 0.8110/15 then 0.8080/85 then 0.8025/30, sell 0.8245/50 then 0.8280/85 then 0.8330/35
Usd/Jpy Buy 78.00/05 then 77.75/80 then 77.35/40, sell 79.10/15 then 79.40/45 then 79.75/80
Euro/Usd Buy 1.4150/55 then 1.4030, sell 1.4555/60 then 1.4625/30
Gbp/Usd Buy 1.6130/35 then 1.6040/45, sell 1.6430/35 then 1.6475/80
*About how to gain more than 10-30 pips from this strategy for traders who like to do that..
As you remember that I mentioned to gain more big pips, the short term signal must be compatible with the Medium Term Daily Analysis for the pair.
For example: the Euro/Usd pair yesterday, first signal was 1.4135/40 and in the analysis for this pair you realized that above 1.4140 is to stay on uptrend while below is to downtrend movement.
So this price level is surely a good support at least for bounce trading as my short term strategy rule. Traders who gained 10-30 pips and rest for the day because they do not like to stay in the market too much then good for them, while others who like to target huge pips it was good opportunity to keep the trade for sometime and follow price action & EU Economic Summit that was clearly having big impact on Euro currency as I said would do yesterday..
Most Importantly is to follow your personal trading rule, you like to take safe 10-30 pips as each time you trigger one of the short term signals then great, if you like to look at compatibility bt. both strategies to gain more big money then also good for you.
About the Usd/Jpy 2 Targetted signals, market price came near the first signal 78.45/50 but didn't hit it but 78.52 then spiked around 20 pips then came back to test it which led to go directly to our second signals 78.30/35, this is what I say do not enter a buy at a retest as this example show you,
but fortunatly in this case you are safe because you are dealing with the Usd/Jpy pair that's always going to spike up from this level, reached 78.65 later before targetting 78.20(our medium term low price(78.10/20) for yesterday in late hours of course perfect buy, and was no problem if you didn't trade accuratly but entered an order for the first signal to reenter at second signal too(just in this case)
Both signals prices were close to each other which is normal with this pair due to short daily price range, besides price was stuck in tight range for some days..
Medium Term Daily Analysis:
Usd/Chf This pair is moving sideways after breaking yesterday retracement, good breakout strategy for yesterday targetted our first short term signal then went up then targetted our second buy signal then again spiked up, each signal around 30 pips gain at least for short term strategy and around 60 pips for medium term breakout strategy.
Today movement would be a base above 0.8185 is to target 0.8300 then break is to 0.8330/40, while basing below 0.8185 is to target our short term buy signals for this pair.
Usd/Jpy This pair faced an intervention yesterday(short one with 30 pips range) but held exactly at yesterday retracement 78.95/00 then collpased, the same as what had done from a week ago but with bigger pips gain after an intervention from 78.60 to 79.55/60 and the later was that day retracement and also held at it to collapse later on..
Conclusion is that you can use my daily analyis accuratly even in intervention time to set your take profit, with total honesty my take profit for this pair yesterday was exactly at 79.00, well I know that I milked the pips till the end..lol but was sure of that level(retracement).
Another conclusion is traders, investors are still testing Bank Of Japan readiness for intervention and this time it came with small pips range(only 30) which led to a thinking that fuel might had been ending with the BOJ and might keep this pair collpase more to then intervene, when and at what price? this is a question with no clear answer but intervention is always ready.
As I mentioned in past post that this pair would have buy order at 78.80/90 then 78.45/50 then 78.00/20 and so far had moved accordingly.
Feel safe to always buy this pair on specfic prices as yesterday low 78.10/20 and the short term signal prices too and take a crucial note that you might not know when intervention would occur but be with high % sure that it would be during tokyo session(nearly the last quarter of the session) you can expect that at any day, time would be around yesterday and previous week intervention time, so look at your chart to know at hwat time that is according to your local time..
Remember that BOJ would not admit intervention for many reasons..but be sure that it's always ready especially that big japanese companies(sony. toyota..) are always in a pressure on BOJ to intervene becasue the last thing they want is a powerful yen since that would effect there sales especially to the USA.
Today retracement is at 78.75/80, break is to 79.00/05, a base above here is to target 79.85/90 and must filter below 80.00, while low is at 77.95/00, below if happens would target our other 2 short term buy signals.
Euro/Usd This pair had many scenarios and you must had been ready for all with my accurate daily analysis, started with a reverse from resistance at 1.4290/00 many times before collapsing down to perform a very sucessful breakout stratgey targetting short term first signal and medium term important support 1.4135/40, to then boost upward toward 1.4290/00 then breaking it(for sure you mustn't keep selling for million times at this same level but wait for the other short term sell signals).
Today retracement is at 1.4290/00, break is to 1.4200, below is to target our short term buy signals, while high as a contiuation of uptrend movement is at 1.4620/30
Traders who are only focusing on trading this pair have no reason not to have gainecbig pips yesterday with accurate daily analysis as usual..
Gbp/Usd This pair still on uptrend, retracement is at 1.6220/30, break is to 1.6140/50 then 1.6080/90 must hold, take note that front support is forming at 1.6290/00, while continuation of the trend is to target our short term sell signals for this pair..
Usd/Cad This pair is still on downtrend, well liked to upset me yesterday by a low price under my expected one at 0.9460, Honestly I knew about the possibility of targetting 0.9420/25 if broke below but didn't expect that additional fall, anyway pradon me for being short in details on the downside movement, most had gave you all possibility as I always do..
Anyway, this pair tried spiked above 0.9460 many times before falling below and you surely mustn't enter a trade after many tests but keep your profits from 1 trade at this level(reached around 0.9490 before collapsing down).
Retracement is at 0.9475/80, break is to 0.9530/40 then 0.9570/80 must hold while on the downside if wouldn't keep the base above 0.9440 but based below later then it would target 0.9400/05 then 0.9380/85 then 0.9340/45(look how much Generous I AM...LOL)
Nzd/Usd This pair still on uptrend, powering it after breaking above 0.8590/00 which held at first hit and went down then retested it after bad US employment claims, breaking above..
Today retracement is at 0.8560/70, break is to 0.8480/90 but 0.8390/00 would hold while high is at 0.8640/50, break if happens is to target 0.8680/90
Euro/Gbp This pair broke above to base on uptrend, basing above 0.8800/10 targetting 0.8880/90 while below 0.9790/95 is to target 0.8760 then 0.8730
Euro/Chf This pair still on uptrend targetting 1.1860/70, break is to 1.1920/30, retracement is at 1.1700 break is to 1.1610/20, below would change trend direction
Gbp/Chf This pair still on uptrend, targetted our resistance then fell down, retracement is at 1.3280 break is to 1.3200/10, below would change trend direction
Gbp/Jpy This pair still on uptrend, was also effected by intervention with around 50 pips spike, then based above 127.60 and targetted our high price around 128.50 that this pair would face resistance at today, break is to 128.80/90 then 129.00/10 then possibly 129.90/00 that would hold, while retracement is at 127.80 break is to 127.50, below would change direction to target 127.00/10 then 126.50/60 then 126.20/25 low price level must hold
Euro/Jpy This pair still on uptrend, targetting 114.10/20 then 114.40/50, retracement is at 112.50/60 break is to 112.10/20, below would change trend direction to target 111.50/60
Aud/Usd This pair still on uptrend, facing resistance at 1.0850/60, break is to 1.0920/25 then 1.0960 must hold, retracement is at 1.0770/80 then 1.0720 must hold
Oil is still on uptrend, powering it after basing above 99.30/40, today retracement is at 98.60/70, break is to 97.70/80 then 96.90 must hold, while high is at 99.90/00, a base above would more power uptrend to target 101/00/10 then 101.90/00
Gold is looking to start a downtrend movement today, basing below 1591/92 to target as low as 1554/55 if not today then in coming days, with support price levels at 1579 then 1573 then 1562, while above 1591/92 is to target 1604 then 1606/07 must hold
We have 2 Important News Releases today for the Canadian Dollar Currency:
- CAD Core CPI: Buy Usd/Cad if below 0% while sell if 0.2% or above
- Core Retail Sales: Buy Usd/Cad if below 0% while Sell if 0.5% or above
Have A Great Trading Day
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Hello Traders,
Forex Signals & Analysis for 25th July 2011:
Short Term Signals:
Usd/Chf Buy 0.8090/95 then 0.8040/45, sell 0.8265/70 then 0.8295/00 then 0.8345/50
Usd/Jpy Buy 78.10/15 then 77.95/00 then 77.70/75, sell 78.85/90 then 79.00/05 then 79.25/30
Euro/Usd Buy 1.4285/90 then 1.4255/60 then 1.4190/95, sell 1.4440/45 then 1.4485/90 then 1.4535/40
Gbp/Usd Buy 1.6245/50 then 1.6220/25 then 1.6185/90, sell 1.6345/50 then 1.6375/80 then 1.6410/15
Medium Term Daily Analysis:
Usd/Chf This pair returned to downtrend after moving sideways in previous days, worries about the US Debt Ceiling led to selling this pair at the open of today's daily candle, retracement is at 0.8170 break is to 0.8190/00,
break above here is to target 0.8290/00, while low is at 0.8060
Usd/Jpy This pair is still on downtrend, retracement is at 78.55/60, break is to 78.85/90 then a base above 79.00 would target 79.80/90, while low is at 78.70/80
Euro/Usd This pair is still on uptrend, retracement is at 1.4320/25, break is to 1.4290/00, then break here would target 1.4200/10, below would change trend direction, while resistance is found at 1.4440/50, a base above would power the trend to target our other 2 short term sell signals
Gbp/Usd This pair is still on uptrend, looking to target retracement at 1.6250/60, a base below is to target 1.6150/60 then 1.6090/00 must hold, while a base above 1.6350 would power the trend to target our other 2 short term sell signals.
Aud/Usd This pair is still on uptrend, retracement is at 1.0800, break is to target 1.0720/30, while high is at 1.0870/80
Usd/Cad This pair failed to base above on friday despite performing a successful breakout strategy from retracement to 0.9530/40 but reversed from there closing below 0.9500 after contradicting news release, the first came as bad which led to a buy of this pair then the second came out as good which led to selling this pair.
Ofcourse, traders who trade the news must had gained good money from both news releases by following my news release friday signals for this pair that felected what occured in the market..
Looking today to retest resistance at 0.9540/50, a base above would change direction to target 0.9590/00, while below support at 0.9480/90 is to target 0.9420/30
Nzd/Usd This pair is still on uptrend taregetting high price level at 0.8690/00, break is to power the trend targetting 0.8720/25 then possibly 0.8770/80, while retracement is at 0.8600/10, break below might target as low as 0.8490/00 if not today then in coming days..
Euro/Chf This pair still on uptrend, but might change this view today if kept falling to support at 1.1620/30 then 1.1600/05 and closing today's candle near or below there, while a base again above 1.1700 is to target 1.1750/60 then 1.1920/30 must hold.
Euro/Gbp This pair is still on uptrend, but faced difficulty on friday to continue towards 0.8890/00(stopped midway at 0.8853) but kept the base above 0.8800 today but failed to continue above 0.8830, leading to 2 possible options or scenarios: first is a base above 0.8810 to taregt 0.8880/90 while below 0.8790 is to target 0.8760
Euro/Jpy This pair is still on uptrend, after holding on fridat at retracement 112.50 which is also today's retracement, a break is to 112.00/05, below here would change direction targetting 111.40/50, while kept basing above retracement might target 114.00/10
Gbp/Jpy This pair is still on uptrend, despite facing resistance at 128.50 as was expected on friday then falling to retracement and performing a breakout to said support at 127.50 but then filtered above, a base today below 127.40/50 would change direction to target 127.00 then 126.70, if broke below here would hold at 126.00/10, while a base above 126.70/75 is to target 128.40/50, a break above would power the trend targetting 129.00/10
Gbp/Chf This pair targetted friday retracement after finding resistance at 1.3440, but opened today below retracement but above 1.3200/10 which led to a mixed view,
a base below 1.3230 is to target 1.3200 but a break then base below here is necessary to change direction targetting as low as 1.3100
Oil is still on uptrend, wasn't able to base above 99.90/00 but barely hit 100.15 then went downward, opening today lower, targetted retracement at 98.80, a base below is to target 98.00/10 then 97.30/40 that must hold but if broken would chnage direction while high is at 100.30/40
Gold faced 2 scenarios on friday, first based below 1591/92 looking to base on downtrend but failed to continue the collapse but stopped at 1583 and reversed after talks increased about US Debt Ceiling no solution yet, targetted again 1591/92 then broke and target our said friday resistance at 1506/7 and held there as expected,
today boosted to the upward with a weak dollar and the same problem is Debt Ceiling conflict in the Congress, retracement is at 1603/4, break is to 1592/93, a base below would target 1554/55 with support levels at 1582 then 1573/74 then 1563, while high is at 1538, if broke might target 1644/45 that must hold.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 26th July 2011:
Short Term Signals:
Usd/Chf Buy 0.7975/80 then 0.7940/45 then 0.7865/70, sell 0.8160/65 then 0.8210/15 then 0.8265/70
Usd/Jpy Buy 77.75/80 then 77.50/55, sell 78.75/80 then 79.00/05
Gbp/Usd Buy 1.6230/35 then 1.6210/15 then 1.6155/60, sell 1.6370/75 then 1.6405/10
Euro/Usd Buy 1.4310/15 then 1.4280/85 then 1.4235/40, sell 1.4510/15
Medium Term Daily Analysis:
Usd/Chf This pair still on downtrend, would face strong support at psycological price level 0.8000, if this level holds then this pair should retrace to 0.8090/00,
then break is to 0.8150/60, break here would target 0.8270/80 that must hold, while below 0.8000 is to target our short term buy signals.
Usd/Jpy This pair still on downtrend, faced intervention from few hours(around 80 pips), retracement is at 78.40/50, break is to 78.70/80 which had been performed by intervention but could be repeated later on, break above is to target 79.65/70 that must hold, while low is at 77.50/60
Gbp/Usd This pair is still on uptrend, retraced yesterday to said retracement at 1.6260(which is also today retracement) before going up again to keep uptrend movement, but looking to face good resistance at 1.6350, above would more power the trend and target our short term sell signals. while below retracement is to target 1.6190/00 then break is to hold at 1.6100/10
Euro/Usd This pair is still on downtrend, retraced to yesterday said retracement at 1.4320/25 then kept continuing upward to keep trend direction, today would try targetting 1.4550/60 then high is at 1.4620/30, while retracement is at 1.4350/60, break is to 1.4250/60
Aud/Usd This pair is still on uptrend, retracement at 1.0820/30, break is to 1.0760/70 then 1.0730/40 must hold, while high is at 1.0950/60 and front support might be forming at 1.0890, today closing below here might lead to retracement later on..
Usd/Cad This pair still on downtrend, successful breakout strategy for yesterday, today retracement is at 0.9475/80, break is to 0.9500/10 then 0.9570/80 must hold while low is at 0.9400/10 if broken then would target 0.9380/85 then 0.9330/40 must hold.
Nzd/Usd This pair is still on uptrend, retracement is at 0.8620/30, break is to 0.8530/40 then break here would hold at 0.8400/10, while high is at 0.8720/30
Euro/Chf This pair reversed to downtrend, basing below 1.1630/40, break is to target 1.1820/30 that must hold, while on the downside would target 1.1510/20 below would target 1.1460/70 but 1.1400/10 must hold.
Euro/Gbp This pair is still on uptrend, targetting 0.8870/80 above here would power the trend to target 0.8895/00, retracement is at 0.8820/30, break is to 0.8800 that must hold but if broken then trend direction would change.
Euro/Jpy This pair performed a successful breakout strategy, but then went up again to keep uptrend with intervention help too, retracement is at 112.10/20, break is to 111.40/50, while on the upside would target 113.80/90 then 114.40/50
Gbp/Jpy This pair also performed a successful breakout strategy but again intervention helped in keeping it up and targetted today resistance at 128.30/40 before going down again, below 127.40/50 is to target 127.00 that must hold but if broken then would target 126.50/60 then 126.00/10 must hold
Gbp/Chf This pair reversed to downtrend, targetting our low price and even more weakned later on, today retracement is at 1.3180/90, break is to 1.3320/30, while low is at 1.3000
Gold is still on uptrend, after holding on yesterday retracement and going up, today retracement is at 1606/07, break is to 1597/98, below is to target 1583/84 while more collpase would hold at 1560, high is at 1643/44
Oil is still on uptrend, despite unability or no decision to base above 100, high is at 100.30/40 above would power the trend, while retracement is at 98.80 break is to 98.10/20 and 97.00/10 must hold.
We have 2 Important News Releases today for the sterling & Dollar Currencies:
- UK Prelim GDP: Buy Gbp/Usd if 0.4% or above while sell if 0% or below
- US New Home Sales: Buy Usd/Chf & Usd/Jpy if 350K or above while Buy Euro/Usd & Gbp/Usd if 280K or below
*** Traders must keep a close look at US Debt Ceiling News because that would surely effect the market. It seems that not only Fed Chairman Bernanke would continue ruining the Global Economy after damaging the Dollar Currency but also differences bt. Congress Republicans and Democrats is contuing this dangerous job.
It's really astonishing how the Congress of one Country can't solve their debt problems while the whole EuroZone sat down and solved many European countries debt problems in short time and as consistent action from country to another providing support.
Even if it looks that US Debt Ceiling problem would be solved even if at last day but till that time Global Economy is in lot of pressure, besides forex market & Certain pairs as Usd/chf, Usd/Jpy and Chf & yen pairs in General that are facing huge challenge even Bank of Japan always Intervention isn't helping much but yen is powering again while Chf is kept for God..LOL(No Intervention), due to people searching for safe haven currencies in this Dollar tragedy situation.
Let's wait and see if the Congress would solve their debt problem soon or drag it to the last day or maybe minutes or seconds..
A small joke I heard from a middleastern friend that if this debt problem was in any dictatorial country as was in Iraq or Egypt or Libya the problem would had been solved from long ago just with a finger wave by the Dictator leader or President with no talking, no discussion with anyone whatsoever, while President of the Mighty USA Barack Obama needs to urge & maybe near deadline would *** the Congress to act fast to solve this Debt Ceiling problem before deadline, really LOL.
Have A Great Trading Day