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Hello Traders,
Forex Signals & Daily Analysis for 25th August 2011:
Short Term Signals:
Usd/Chf Buy 0.7880/85 then 0.7845/50 then 0.7815/20, sell 0.7995/00 then 0.8015/20 then 0.8070/75
Usd/Jpy Buy 76.45/50 then 76.20/25 then 75.95/00, sell 77.25/30 then 77.45 then 77.80/85
Euro/Usd Buy 1.4350/55 then 1.4320/25 then 1.4260/65, sell 1.4490/95 then 1.4525/30 then 1.4570/75
Gbp/Usd Buy 1.6285/90 then 1.1.6250/55 then 1.6140/45, sell 1.6515/20 then 1.6590/95
Euro/Jpy Buy 110.10/15 then 109.70/75 then 109.30/35, sell 111.45/50 then 111.70/75 then 112.35/40
Gbp/Jpy Buy 125.25/30 then 124.90/95 then 124.30/35, sell 126.85/90 then 127.25/30 then 127.80/85
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.7920, break is to 0.7900, below is to target 0.7740/50, while on the upside to target our short term sell signals.
Usd/Jpy This pair is still moving sideways with uptrend basis, above retracement at 76.80 break is to 76.70, below would target our short term buy signals while above resistance at 77.05/10 would target our short term sell signals for this pair.
Euro/Usd This pair is still moving sideways, below 1.4410/15 is to target 1.4380/85 then 1.4360/65, break here is to 1.4310/20, below would extend weakness toward 1.4260/70 while high is at 1.4520/30
Gbp/Usd This pair is basing on downtrend today, below retracement at 1.6420/30 and 1.6370/75 that can turn later on to be low resistance if market price for this pair kept collapsing downward(or support if based above later on) to target 1.6320 then 1.6290 and probably toward 1.6210/20, while above retracement at 1.6420/30 might target 1.6510/20 then probably high at 1.6570/80
Usd/Cad This pair is still moving sideways, a base above 0.9870 is to target 0.9915/20 then 0.9935/40 and possibly 0.9970/75, while below 0.9860 might target 0.9800/10
Nzd/Usd This pair is still moving sideways, a base above 0.8290 is to target 0.8360/70 while below 0.8280 is to target 0.8170/80 and possibly toward 0.8010/20
Euro/Chf This pair is still on uptrend, retracement at 1.1410/20, break is to 1.1360/70 then 1.1260/70, below might target 1.1090/00, while on the upside might target 1.1515/20 then 1.1540/45 then possibly toward 1.1605/10
Gbp/Chf This pair is still on uptrend, retracement at 1.3000/10 break is to 1.2980, below here is to target 1.2850/60, while on the upside to target 1.3130/40 then 1.3180/90, above might extend gains toward 1.3260/70
Euro/Gbp This pair is on uptrend basis today with an overall sideways movement, retracement at 0.8770/75, break is to 0.8740/50, below would extend weakness, while on the upside would face resistance at 0.8820/30, a base above is not in the picture but if happens would extend gains..
Aud/Usd This pair still moving sideways, resistance at 1.0500/10, above is to target 1.0620 then hold at 1.0640/50, while below 1.0450 is to target 1.0420/25 then 1.0395/00 and possibly toward 1.0350
Euro/Jpy This pair is still basing on uptrend, retracement at 110.70 break is to 110.30/40 below here is to our short term buy signals, while high is at 111.70/80
Gbp/Jpy This pair is still moving sideways, above 126.20 is to target oiur short term sell signals for this pair, while a base below 126.00 might target our short term buy signals.
Gold is basing on downtrend today after a very successful breakout strategy yesterday exactly targetting our low price after 2 breakouts(read previous post) despite "so-called experts" talked about strong support at 1758(I do not know from where they found or analyzed this support level) anyway, today retracement is at 1792/93 break is to 1799/00, while 1741/42(yesterday breakout take profit target) might turn to be low resistance if market price kept collapsing downward or a support price level if based above, below would target 1706/07 then 1683/84 and possibly toward 1616/17
Oil is still on uptrend basis but facing resistance, above 85.30 is to target 86.60/70 if broke above here would target 87.40/45 then 88.25/30, while below 84.90 is to target 83.90/95 then 83.30/35 then 82.15/20
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 26th August 2011:
Short Term Signals:
Usd/Chf Buy 0.7880/85 then 0.7860/65 then 0.7815/20, sell 0.7990/95 then 0.8020/25 then 0.8050/55
Usd/Jpy Buy 76.75/80 then 76.45/50 then 76.05/10, sell 77.95/00 then 78.15/20 then 78.65/70
Gbp/Usd Buy 1.6205/10 then 1.6170/75 then 1.6085/90, sell 1.6395/00 then 1.6450/55 then 1.6500/05
Euro/Usd Buy 1.4285/90 then 1.4245/50 then 1.4160/65, sell 1.4485/90 then 1.4535/40 then 1.4605/10
Euro/Jpy Buy 110.50/55 then 110.15/20 then 109.70/75, sell 111.95/00 then 112.20/25 then 112.80/85
Gbp/Jpy Buy 125.50/55 then 125.25/30 then 124.85/90, sell 126.60/65 then 126.90/95 then 127.25/30
Usd/Cad Buy 0.9795/00 then 0.9755/60 then 0.9720/25, sell 0.9925/30 then 0.9945/50 then 1.0010/15
Aud/Usd Buy 1.0380/85 then 1.0360/65 then 1.0300/05, sell 1.0505/10 then 1.0540/45 then 1.0575/80
Nzd/Usd Buy 0.8225/30 then 0.8210/15 then 0.8165/70, sell 0.8325/30 then 0.8355/60 then 0.8385/90
Euro/Gbp Buy 0.8790/95 then 0.8775/80 then 0.8760/65, sell 0.8845/50 then 0.8860 then 0.8885/90
Euro/Chf Buy 1.1340/45 then 1.1315/20 then 1.1235/40, sell 1.1505/10 then 1.1555/60 then 1.1600/05
Gbp/Chf Buy 1.2835/40 then 1.2805/10 then 1.2710/15, sell 1.3035/40 then 1.3100/05 then 1.3150/55
Oil Buy 82.45/50 then 81.20/25 then 79.50/55, sell 87.25/30 then 88.40/45 then 90.20/25
Gold Buy 1709/10 then 1678/69 then 1654/55, sell 1808/09 then 1823/24 then 1871/72
Medium Term Daily Analysis:
Usd/chf This pair is still on uptrend, retracement at 0.7920 break is to 0.7900, below here would target our short term buy signals and probably toward 0.7745/50, while on the upside to target our short term sell signals for this pair.
Usd/Jpy This pair still on uptrend, above retracement at 77.10/15, break is to 76.80/85, below would target our short term buy signals and probably toward low at 75.90/00, while on the upside to target our short term sell signals.
Euro/Usd This pair is on downtrend today, below retracement at 1.4390/00, break might target high at 1.4510/20, while on the downside, below 1.4365 is to target 1.4310/20, below would extend weakness toward our short term buy signals
Gbp/Usd This pair is still on downtrend from yesterday, retracement at 1.6350/60, low resistance at 1.6320/30, on the downside toward 1.6210/20, below would extend weakness toward 1.6140/50, while above retracement is toward 1.6420/30
Usd/Cad This pair still moving sideways, above 0.9870 is toward our short term sell signals, while below 0.9820 is toward 0.9820, below would target our short term buy signals.
Nzd/Usd This pair is still moving sideways but with downtrend basis, below 0.8280 targetting 0.8180/85, below would extend weakness toward low at 0.8030/40, while above 0.8180 is to target 0.8350/60
Euro/Chf This pair is still on uptrend, retracement at 1.1390/00, break is to our short term buy signals and probably toward 1.1090/00, while above kept basing retracement is toward our short term sell signals.
Gbp/Chf This pair is basing on downtrend today, below retracement at 1.2960, break is to 1.2990/00 then possibly toward 1.3080/90, while on the downside to target our short term buy signals
Euro/Gbp This pair is still on uptrend basis, above retracement at 0.8790/00, targetting 0.8840/50 then break is to target 0.8880/90, while below retracement is to 0.8760/65 then 0.8740/50 must mainly hold.
Aud/Usd This pair is still moving sideways but with downtrend basis, below 1.0450/60 is to target our short term buy signals while above 1.0470 is to target 1.0605/10 then toward 1.0640/50
Euro/Jpy This pair is still on uptrend, retracement at 110.90/00, break is to 110.60/65 then 110.30/40, below is to our short term buy signals, while high is at 111.90/00, above is to our short term sell signals.
Gbp/Jpy This pair is still moving sideways but with downtrend basis today, below 126.20/30 to target our short term buy signals, while a base above is to target our short term sell signals.
Gold is stil on downtrend rrom yesterday, after another collapse retraced upward but still below today retracement at 1784/85, break is to 1804/05 then above here would target our short term sell signals, while a break of 1752/53 would target our short term buy signals for Gold.
Oil is moving sideways, below 84.80/85 is to target our short term buy signals while above 85.20/25 would find resistance at 86.10, above here would target our short term sell signals for Oil.
***All traders had been waiting this day from around 2 past weeks till now & market had been moving sideways, all this simply because they are waiting for Fed Chairman Ben Bernanke talks in Jackson Hole, waiting for the possibility of announcing QE3 or at least saying something important or good news which is surely not one of his habits..
My personal opinion about Bernanke possible talks is that the Fed Chairman would not announce QE3 especially after 3 Members dissents in last FOMC Meeting Minutes, and there's no real reason for QE3 but anything is expected from Mr. Ben Genius
I do not see that the forex market especially in terms of the dollar currency would face worse situation than what happened after Bernanke announced low rates till Mid-2013, because most if not all pairs are currently far away from their historic lows or highs. Like Usd/Chf is around 1000 pips far of its historic low and traders are still scratching well their skins before selling this pair since SNB clear warning of intervention, the same can be said for Euro/Chf & Gbp/Chf.
Usd/Jpy is not far from historic low but also all traders know well that BOJ is always ready for intervention, if they like to gain big money, it would be great to sell yen pairs to then buy them at dips to gain big big money after intervention & I'll surely be ready to buy at dips.
Euro/Usd & Gbp/Usd are still each effected by the Euro/Zone debt problems from country to the other.., and the UK bad economical data numbers that had been seen clearly recently with also the MPC Meeting Minutes showing 9 members voting all for rates hold after 2 were voting for hike at past with also unemployment bad news release number.
Briefly, 2 Options are possible after Ben Genius talks, first the dollar powers leading to big fall of other currencies against, or market prices keeps moving sideways or keep moving normally relying on future(next week and further on..) economical new releases simply because the Big Countries Central Banks with also their politicians are weaker than taking a clear right decision to solve their ecomomical problems that is also effecting all other categories..
We have 2 Important News Release for today:
- UK Revised GDP: Buy Gbp/Usd if 0.4% or above while sell if 0.1% or below
- US Prelim GDP: Buy Usd/Chf & Usd/Jpy if above 2% while Buy Euro/Usd & Gbp/Usd if below 0%
*** The Main focus would be at Jackson Hole Ben Bernanke Talks but the UK News Release might effect(at least for some good pips move) the sterling currency because it comes out many hours before the Fed Chairman talk, while the US News comes out only before 1 and half an hour from Bernanke talks, so not expected to have that big impact on the makret but certainly good to focus at outcoming number.
Try to play it safe traders, take your profits if you would not like to gamble wating for Bernanke talks to act, or at least lock your profits as setting Good SL target so you still get out with Good pips gains if market reverse toward your order.
Today is a very important day for not only the forex market but also other markets starting with the stock market.
I would expect the dollar to power especially against the Euro & Sterling and maybe also against the commodity currencies(Aud/Usd, Nzd/Usd..), Chf must also weaken with the yen for lesser degree but still would be cautious since they are still named "safe havens", but I would surely not bet on dollar currency powering(as a blind decision) even for my pants..LOL with Bernanke possible continuation of madness with a new created surprise decision maybe..
Besides, I do not know why traders take Ben Genius talks seriously anymore, just ignore him as if he's not there...LOL
market waiting for 2 weeks for this day, even the US President Barack Obama speech do not take this importance, maybe all the secret is behind the Fed Chairman Nice Beard..
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 29th August 2011:
Short Term Signals:
Usd/Chf Buy 0.7860/65 then 0.7765/70 then 0.7645/50, sell 0.8225/30 then 0.8300/05 then 0.8445/50
Euro/Usd Buy 1.4340/45 then 1.4265/70 then 1.4210/15, sell 1.4575/80 then 1.4610/15
Gbp/Usd Buy 1.6215/20 then 1.6145/50 then 1.6085/90, sell 1.6450/55 then 1.6485/90
Usd/Jpy Buy 76.10/15 then 75.85/90 then 75.20/25, sell 77.50/55 then 77.90/95 then 78.30/35
Euro/Jpy Buy 109.95/00 then 109.40/45, sell 111.95/00 then 112.40/45
Gbp/Jpy Buy 124.15/20 then 123.60/65, sell 126.55/60 then 127.10/15
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.8000/10, break is to 0.7940/50, below here might target our short term buy signals, while high is at 0.8230/40, above would extend trend power
Usd/Jpy This pair opned today on downtrend below 76.80, targetting our short term buy signals and low is at 75.80/85, while above 76.85 is to target 77.05/10 then above to target our short term sell signals
Euro/Usd This pair reversed & opened on uptrend today after collapsing down on friday but spiking up again, generally keeping sideways movement, retracement at 1.4440/50, break is to 1.4410/20 then possibly toward 1.4360/70 and 1.4330/40 must hold, while high is at 1.4550/60
Gbp/Usd This pair is still on downtrend, retracement at 1.6350/60, break is to 1.6420/30, while on the downside is to target 1.6290/95 then toward 1.6220/25 and low is at 1.6150/60
Usd/Cad This pair is still moving sideways but with downtrend basis today, below 0.9830/40 targetting 0.9755/60 then 0.9730/35 then low is at 0.9700, while above 0.9840 is to 0.9860, above here would target 0.9910/15 then 0.9960/65
Nzd/Usd This pair is still moving sideways but with uptrend basis today, above retracement at 0.8340/50, targetting 0.8475/80 then 0.8505/10, while 0.8340 is to target 0.8300/10 below here is to 0.8270/75 then 0.8210/15
Euro/Chf This pair is still on uptrend, retracement is at 1.1570/80, break is to 1.1450/60, high is at 1.1920/30 with resistance at 1.1860/70 on the way upward
Gbp/Chf This pair is still on uptrend, retracement at 1.3090/00, break is to 1.3050/60, while on the upside to target 1.3380/85 then 1.3465/70
Euro/Gbp This pair is still on uptrend, retracement at 0.8830/35, break is to 0.8815/20 then 0.8800/05 then toward 0.8780/90, while on the upside to target 0.8880 then 0.8890/95 and toward 0.8915/20
Aud/Usd This pair is still moving sideways but with uptrend basis today, but would face resistance at 1.0640/45, break is to 1.0660, a base above would target 1.0700/05, retracement at 1.0520/25, break is to 1.0475/80 then toward 1.0450/60
Euro/Jpy This pair is still on uptrend, retracement at 110.90/00, break is to 110.60/65 then to 110.40/45, below would target our short term buy signals while would face resistance at 111.90/00
Gbp/Jpy This pair is still on downtrend basis with overall sideways movement, retracement at 125.60/70, break is to 126.00/10, qbove would target our short term sell signals, while low is at 124.00/10
Gold reversed and opened on uptrend today, support at 1816/17 then 1810/11, break is to 1766/67, while on the upside to target 1860/61 then 1874/75
Oil is still moving sideways, would face resistance at 85.65/70, break is to target 86.40 then 86.70/80 then 87.35/40 and possibly toward 89.10/15, while below 85.00/05 is to target 83.70/75 then 83.10 then 81.95/00 and possibly toward 81.00/05
***LOL(No other word to explain what happened on friday). The 2 options not 1 of them I mentioned that the market would move accordingly on friday had been achieved. First option was the dollar powering against all other currencies and that happened then the second option was market keeping again the sideways movement and that is what again happened after Bernanke talks.
Honestly and to be Straight Forward, what happened is briefly "Nonsense", the first option must had been the market movement ruler because Bernanke didn't mention QE3 despite keeping options opened till September FOMC but that mustn't had reflect what happened of reversal for all pairs against the dollar after the big collapse especially that the other currencies aren't at better postion economically as the Euro-Zone lifelong problems for the Euro and no reason for example the Euro/Usd pair to make a high around 1.4500.
Anyway, I still favor selling at high and if you want buy at low or one of both if you are a bullish or bearish trader of any pair.
Generally, I'll still expect the market to keep moving sideways till next FOMC & this week economical news releases would be very crucial especially for the dollar currency. It seem that traders, investors... still dreaming of QE3 especially in the stock markets so a real decision by the Fed would still be necessary for a clear direction of market movement.
We have 2 Important News Releases today for the Euro & Dollar Currencies:
- ECB President Trichet would talk, so it would be very important to listen well to what he'll say, he might probably mention interest rate would be kept hold till february 2012 or more worse might come out by mentioning rate cuts..
- US Pending Home Sales: Buy Usd/Chf & Usd/Jpy if 1.0 or above while Buy Euro/Usd & Gbp/Usd if below -0.5
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 31st August 2011:
Short Term Signals:
Usd/Chf Buy 0.8110/15 then 0.8070/75 then 0.8020/25, sell 0.8265/70 then 0.8295/00 then 0.8355/60
Usd/Jpy Buy 76.50/55 then 76.35/40 then 76.15/20, sell 77.00/05 then 77.10/15 then 77.30/35
Euro/Usd Buy 1.4345/50 then 1.4300/05 then 1/4220/25, sell 1.4550/55 then 1.4600/05
Euro/Jpy Buy 110.00/05 then 109.60/65, sell 111.85/90 then 112.35/40
Euro/Chf Buy 1.1730/35 then 1.1685/90 then 1.1620/25, sell 1.1930/35 then 1.1970/75 then 1.2045/50
Gbp/Usd Buy 1.6200/05 then 1.6155/60 then 1.6055/10, sell 1.6430/35 then 1.6490/95
Gbp/Chf Buy 1.3245/50 then 1.3190/95 then 1.3110/15, sell 1.3470/75 then 1.3520/25 then 1.3600/05
Gbp/Jpy Buy 124.05/10 then 123.65/70, sell 126.35/40 then 127.00/05
Euro/Gbp Buy 0.8810/15 then 0.8785/90 then 0.8760/65, sell 0.8890/95 then 0.8910/15 then 0.8945/50
Usd/Cad Buy 0.9740/45 then 0.9720/25 then 0.9690/95, sell 0.9820/25 then 0.9840/45 then 0.9870/75
Nzd/Usd Buy 0.8450/55 then 0.8410/15 then 0.8370/75, sell 0.8585/90 then 0.8610/15 then 0.8665/70
Aud/Usd Buy 1.0605/10 then 1.0575/80 then 1.0525/30, sell 1.0740/45 then 1.0770/75 then 1.0825/30
Gold Buy 1785/86 then 1762/63 then 1742/43, sell 1863/64 then 1876/77 then 1912/13
Oil Buy 86.45/50 then 85.35/40 then 84.30/35, sell 90.20/25 then 90.90/95 then 92.55/60
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement is at 0.8130/40, break is to our short term buy signals and good support at 0.8010/20, while high and good resistance at 0.8355/60
Usd/Jpy This pair is still moving sideways with downtrend basis, below 76.75/80 targetting our short term buy signals while above is to target our short term sell signals.
Euro/Usd This pair is still moving sideways, would face resistance at 1.4450, break might target our short term sell signals while a base below would target 1.4420 then below here might confirm a downtrend start extending weakness to 1.4360/70 then good support at 1.4340/50 but a base below 1.4320 would more power the new trend if confirmed
Gbp/Usd This pair is still on downtrend, below retracement at 1.6330/35, break is to 1.6355/65 then toward 1.6390/00, while below 1.6290 would power the trend to target 1.6220/30 then possibly toward good support at 1.6150/60
Usd/Cad This pair is still on downtrend, retracement at 0.9795/00, break is to 0.9840/50, low is at 0.9730/40
Nzd/Usd This pair is on uptrend basis but would face resistance at 0.8540/50, retracement at 0.8460/70 break is to 0.8340/50
Euro/Chf This pair is still on uptrend, high at 1.2010/20, retracement at 1.1750/60, break is to 1.1550/60
Gbp/Chf This pair is still on uptrend, high at 1.3620/30, retracement at 1.3290/00, break is to 1.3130/40
Euro/Gbp This pair is still on uptrend, high at 0.8890/00, retracement at 0.8840/50, break is to 0.8810/20, below would target 0.8790 then possibly toward good support at 0.8760/70
Aud/Usd This pair is still on uptrend, high is at 1.0720/30, above would more power the trend, retracement at 1.0620/30, a base below 1.0600/10 would target 1.0520/30
Euro/Jpy This pair is moving sideways, between resistance at 110.90/00, break is to our short term sell signals and high is at 112.00/10, and support at 110.50/60 break is to our short term buy signals and low is at 109.00/10
Gbp/Jpy This pair is still on downtrend, retracement at 125.40/50, break is to 125.90/00, while low is at 123.80/90
Gold is on uptrend, retracement at 1821, break is to 1816, below would target 1781/82, while above 1839/40 is to target our short term sell signals for Gold.
Oil is on uptrend, retracement at 87.40 break is to 85.35/40 good support, while high is at 90.00/10 above would more power the trend.
We have 2 Important News Releases today for the Dollar & Canadian Dollar Currencies:
- ADP Nonfarm Employment Change: Buy Usd/Chf & Usd/Jpy if 110 or above while Buy Euro/Usd & Gbp/Usd if 90 or below
- CAD GDP: Buy Usd/Cad if 0.0% or below while sell if 0.5% or above
*** The forex market is still moving in an overall sideways movement. With no clear direction for all pairs but only rare ones as the Chf pairs still effected by SNB warnings and some new actions as charging money on Chf currency deposits(meaning, you pay the bank for your Chf account deposit, meaning instead of the bank paying you money as interest rates for your money, you pay them because Chf interest rates might become negative with SNB possible new action), all these and possible kind of such actions is to keep weakening the Chf currency by the SNB after this currency pairs had hit historic lows.
On the other side, the Yen currency is still powerful & its pairs moving sideways and to the downside despite Yoshihiko Noda being set to become Japan's New Prime Minister(in bt., from 5 years till now Japan had 6 Prime Ministers, so it's like a habit to change the PM at around or below 1 year period of time, they feel it boring to keep him more than that..LOL)
Who is the Man?! He is the Finance Minister of the previous Japan Government, he is a very well known politician with his famous sentence "Always ready & monitoring the markets" for possible intervention as long as the yen currency keep powering to new historic lows especially against the dollar. Still monitoring from above 80.00 till now..LOL, No the Man had stepped with the BOJ at many times with intervention to stop the yen from keep on powering..,but simply nowadays an always intervention isn't the only solution for today's markets collapses, but surely around the 76.00 then bt. 75 and 76 price level for the Usd/Jpy pair you must expect a good intervention to occur if didn't happen in a soon time at current levels..
The Dollar, Euro, Sterling are expected to keep powering then softening as a cycle(according to coming economical news releases) till next September FOMC Meeting Minutes unless a surprise news hit the markets before that date, despite that I still favor a downside movement for the Euro/Usd & Gbp/Usd below current levels, but a daily trading is the best weapon for now till something new appear in the big picture..
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 5th August 2011:
Short Term Signals:
Usd/Chf Buy 0.7685/90 then 0.7600/05, sell 0.8030/35 then 0.8995/00 then 0.8235/40
Usd/Jpy Buy 76.45/50 then 76.30/35 then 76.10/15, sell 77.05/10 then 77.20 then 77.40/45
Euro/Usd Buy 1.4115/20 then 1.4055/60, sell 1.4285/90 then 1.4325/30 then 1.4365/70
Gbp/Usd Buy 1.6130/35 then 1.6090/95, sell 1.6265/70 then 1.6295/00 then 1.6335/40
Euro/Chf Buy 1.0945/50, sell 1.1425/30
Gbp/Chf Buy 1.2495/00, sell 1.2990/95
Euro/Jpy Buy 108.45/50 then 108.20/25, sell 109.90/95 then 110.30/35 then 110.70/75
Gbp/Jpy Buy 124.05/10 then 123.85/90 then 123.55/60, sell 124.90/95 then 125.10/15 then 125.40/45
Euro/Gbp Buy 0.8715/20 then 0.8700/05 then 0.8650/55, sell 0.8820/25 then 0.8845/50 then 0.8875/80
Usd/Cad Buy 0.9755/60 then 0.9715/20, sell 0.9900/05 then 0.9920/25 then 0.9990/95
Aud/Usd Buy 1.0580/85 then 1.0555/60 then 1.0490/95, sell 1.0730/35 then 1.0770/75 then 1.0815/20
Nzd/Usd Buy 0.8405/10 then 0.8370/75 then 0.8310/15, sell 0.8555/60 then 0.8590/95 then 0.8640/45
Gold Buy 1823/24 then 1803/04 then 1782/83, sell 1911/12 then 1924/25 then 1963/64
Oil Buy 84.40/45 then 83.35/40 then 81.35/40, sell 89.25/30 then 90.55/60 then 92.15/20
Medium Term Daily Analysis:
Usd/Chf Buy This pair is stuck today bt. support and resistance on downtrend basis, below retracement(resistance) at 0.7940/50, break is to 0.8000, above here would target our short term sell signals, and support at 0.7860/70 a base below might target our short term buy signals
Usd/Jpy This pair is still moving sideways, support at 76.80 below would target our short term buy signals, while above 76.85/90 would target our short term sell signals
Euro/Usd This pair is still on downtrend from past wednesday after confirming the trend by breaking below 1.4420, retracement today is at 1.4240/50, break is to 1.4320 while a base below 1.4130/40 would turn this support to resistance later on if market price kept collapsing downward toward our short term buy signals
Gbp/Usd This pair is still on downtrend, low is at 1.6090/00, retracement at 1.6200/10 break is to 1.6240 then 1.6290/00 must hold
Usd/Cad This pair is on uptrend, high support at 0.9840, retracement at 0.9820/25 break is to our short term buy signals while on the upside is toward our short term sell signals with good resistance at 0.9940/50
Nzd/Usd This pair is moving sideways bt. support at 0.8420, break is to 0.8350/60 and resistance at 0.8460/70, break is to target our short term sell signals
Euro/Chf This pair is on downtrend, low resistance at 1.1285/90, retracement at 1.1320 break is toward 1.1420/30, while on the downside as trend continuation might target 1.0940/50
Gbp/Chf This pair is on downtrend, low resistance at 1.2840/50, retracement at 1.2865/70, break is toward 1.2990/00, while trend continuation is toward 1.2490/00
Euro/Gbp This pair is on downtrend, retracement at 0.8780/90, break is to 0.8810/20 above is toward ourshort term sell signals, while trend continuation is toward our short term buy signals
Aud/Usd This pair is moving sideways, bt. resistance at 1.0640/50 break is toward our short term sell signals, and support at 1.0600, break is to our short term buy signals
Euro/Jpy This pair is still on downtrend, low is at 108.60/70, below would extend weakness and target our short term buy signals, retracement at 109.50/60 break is to 110.20/25 then 110.40/50 must mainly hold.
Gbp/Jpy This pair is still on downtrend, low is at 123.70/80, retracement at 124.50/60, break is toward 125.20/30 then 125.40/50 must mainly hold
Gold is still on uptrend, high is at 1900/01, above would target our short term sell signals, while retracement at 1855/56, break is to 1823/24 then 1809/10 must hold
Oil is moving today sideways bt. support at 85.70/75, break is toward our short term buy signals, and resistance at 86.75/80 then 87.00/05 break is toward our short term sell signals
We have an Important News Release today for the Sterling currency:
- UK Services PMI: Buy Gbp/Usd if 56 or above while sell if 52 or below
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 6th September 2011:
Short Term Signals:
Usd/Chf Buy 0.7800/05 then 0.7775/80 then 0.7730/35, sell 0.7930/35 then 0.7955/60 then 0.8005/10
Usd/Jpy Buy 76.65/70 then 76.55 then 76.40/45, sell 77.00/05 then 77.15 then 77.25/30
Euro/Usd Buy 1.4025/30 then 1.3995/00 then 1.3930/35, sell 1.4180/85 then 1.4220/25 then 1.4270/75
Gbp/Usd Buy 1.6030/35 then 1.5995/00 then 1.5930/35, sell 1.6200/05 then 1.6245/50 then 1.6300/05
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend basis, retracement at 0.7900/10, break is to 0.7990/00 while on the downside to target our short term buy signals with support at 0.7830/40 on the way
Usd/Jpy This pair is still moving sideways, above 76.80/85 is to target our short term sell signals while below toward our short term buy signals, no real movement for this pair currenctly but good for scalping traders to gain quick money and maybe buy & forget for medium and long term traders.
Euro/Usd This pair is still on downtrend, below support at 1.4090 would extend weakness toward our short term buy signals, while a base above might target retracement at 1.4170/80, break is toward our other 2 short term sell signals
Gbp/Usd This pair is still on downtrend, low is at 1.6050/60, retracement at 1.6160/70, break is to 1.6250/60
Usd/Cad This pair is still on uptrend, retracement at 0.9860/70 break is to 0.9845/50 then 0.9830, while high is at 0.9950/60
Nzd/Usd This pair is on downtrend today targetting 0.8220/30, low resistance is at 0.8340/50, retracement at 0.8390/00 break is to 0.8440/50
Euro/Chf This pair is still on downtrend, retracement at 1.1200/10, break is to 1.1320 then 1.1450 would hold, while trend continuation is toward 1.0970/80 then possibly 1.0910/20
Gbp/Chf This pair is still on downtrend, retracement at 1.2770/80 break is to 1.2890/00 then 1.2990/00 would hold, while trend continuation is toward 1.2630/40 then possibly 1.2460/70
Euro/Gbp This pair is still on downtrend, retracement at 0.8770/80 break is to 0.8800/10, while low is at strong support 0.8670/80
Aud/Usd This pair is on downtrend today, retracement at 1.0590/00, break is to 1.0650/60, while on the downside targetting support at 1.0500/10, a base below would extend weakness toward 1.0480/90 then 1.0450/60
Euro/Jpy This pair is still on downtrend, low is at 108.10/20, a base below would extend weakness toward 107.80/90 then 107.60/65 while retracement at 108.90/00 break is toward 110.00/10
Gbp/Jpy This pair is still on downtrend, low is at 123.50/55, a base below would extend weakness toward 123.30/35 then 123.00/05, while retracement is at 124.20/30 break is toward 124.90/00 then possibly 125.30/40
Gold is still on uptrend, high is at 1914/15, above would more power the trend toward 1921/22 and possibly 1940, retracement at 1876 break is to 1832/33 and 1818/19 would hold
Oil is on downtrend today, retracement at 85.30 break is to 85.65/70 then toward 86.30/40 while low is at 81.30/40
We have an Important News Release today for the Dollar Currency:
- US ISM Non-Manufacturing PMI: Buy Usd/Chf & Usd/Jpy if 53 or above while Buy Euro/Usd & Gbp/Usd if 49 or below
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 7th September 2011:
Short Term Signals:
Usd/Chf Buy 0.7905/10, sell 0.8980/85 then 0.9145/50
Usd/Jpy Buy 76.75/80 then 76.30/35 then 75.95/00, sell 78.10/15 then 78.35/40 then 79.00/05
Euro/Usd Buy 1.3855/60 then 1.3795/00, sell 1.4220/25 then 1.4345/50
Gbp/Usd Buy 1.5815/20 then 1.5760/65, sell 1.6155/60 then 1.6255/60
Medium Term Daily Analysis:
Usd/Chf This pair is on powerful uptrend start today after yesterday Swiss National Bank Intervention which main purpose was to set Euro/Chf pair above 1.2000, high support is at 0.8480, retracement is at 0.8310/20, break is to 0.8130/40, while on the upside to target our short term sell signals
Usd/Jpy This pair is basing on uptrend today, high support is at 77.50, retracement at 77.20/25 break is to 77.00/05 then toward 76.85, below here is to our short term buy signals and low is at 76.20/25, while on the upside to target our short term sell signals
Euro/Usd This pair is still on downtrend despite big spike helped by SNB Intervention but had big selling near yesterday retracement price level, low resistance is at 1.4020/30, retracement is at 1.4100 break is to 1.4270/80, while on the downside to target our short term buy signals
Gbp/Usd This pair is still on downtrend with same scenario had big selling exactly at yesterday retracement price level, low resistance is at 1.5970/80, retracement at 1.6040/50 break is to 1.6195/00
Usd/Cad this pair is still on uptrend, retracement at 0.9880, break is to 0.9845/50 then 0.9830/35, below here is toward 0.9810/15 then possibly 0.9760/65, high is at 0.9945/50 above here would more power the trend toward 0.9970/75 then 1.0000/10 then 1.0050/60. I am providing many options today for this pair because of important news release for the Cad Currency.
Nzd/Usd This pair is still on downtrend, retracement at 0.8310 break is to 0.8340/50 then possibly toward good resistance at 0.8390/00, while support at 0.8230 would turn to low resistance if price kept collapsing toward low at 0.8130/40
Euro/Chf This pair is on uptrend start today after SNB Pegging, high is at 1.2070/80, a base above here would more power the trend toward 1.2190/00, a base above might extend gains toward 1.2660/70, while high support is at 1.1940/50, retracement at 1.1710/20
Gbp/Chf This pair is on uptrend start today, high support is at 1.3690/00 break is toward 1.3540/50, retracement is at 1.3330/40, while kept basing above 1.3700 might extend gains toward 1.4360/65
Euro/Gbp This pair is still on downtrend despite successful breakout strategy but retraced later on opening today below retracement at 0.8780/85, break is toward 0.8810/20, above here is to 0.8835/40 and possibly 0.8860/65, while on the downside is to target 0.8715/20 then possibly 0.8685/90
Aud/Usd This pair is still on downtrend, low resistance at 1.0515/20, retracement at 1.0545/50 break is to 1.0590/00, while on the downside to target 1.0415/20 then 1.0390 and possibly toward 1.0300
Euro/Jpy This pair is still on downtrend despite spike effected by SNB Intervention and fear of Bank Of Japan doing the same soon, but retraced later on, retracement at 108.95/00, break is to 109.90/00, a base above 110.10 would change trend direction, while low is at 108.30/40
Gbp/Jpy This pair is still on downtrend & had same scenario as Euro/Jpy, low is at 123.40/50, retracement at 124.00/10 break is to 124.70/80 and possibly toward 125.30/40
Gold is still on uptrend, but might change this trend direction today if based below retracement at 1869/70 targetting 1840/41 then break would target 1820/21 confirming downtrend start if closed today daily candle around or below this price level, while trend continuation is to target high at 1914/15
Oil is stuck today bt. resistance at 86.70/80 break is to target 88.00/10 then 88.80/90 and possibly toward 91.00/05, and support at 86.00/05 break is toward 83.40/45 then low at 82.10/20
We have 2 Important News Reease today for the Cad Currency:
- BOC Rate Statement: Buy Usd/Cad if rate is decreased to 0.75% from the current 1% while sell if increased to 1.25%, while if kept the same at 1% must look to BOC Statement if dovish or not
- CAD IVEY PMI: Buy Usd/Cad if 44 or below while sell if 48 or above
*** I would also look closely to BOJ Statement( Monetary policy & Rate Decision) News release few hours from now, because an Intervention might occur or at least some high volatility might effect yen pairs so take crucial note of that.
On the other hand, wait for Chf pairs to hit high support price level or/& then retracement to buy if you hadn't bought yesterday before SNB Intervention at low prices.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 8th September 2011:
Short Term Signals:
Usd/Chf Buy 0.8515/20 then 0.8490/95 then 0.8440/45, sell 0.8635/40 then 0.8665/70 then 0.8705/10
Usd/Jpy Buy 76.80/85 then 76.65/70 then 76.25/30, sell 77.70/75 then 77.95/00 then 78.25/30
Gbp/Usd Buy 1.5900/05 then 1.5860/65 then 1.5800/05. sell 1.6065/70 then 1.6100/05 then 1.6165/70
Euro/Usd Buy 1.3975/80 then 1.3920/25 then 1.3850/55, sell 1.4190/95 then 1.4235/40 then 1.4320/25
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, high support is at 0.8540/50, break is to retracement at 0.8400/05, below is to target 0.8310/20, while on the upside to our short term sell signals
Usd/Jpy This pair is still on uptrend, retracement at 77.15/20, break is to 76.95/00 then 76.85, below might target low at 76.25/30, while would face resistance at 77.45/50, a base above would more power the trend toward our short term sell signals
Gbp/Usd This pair is still on downtrend, low is at 1.5940/50, retracement at 1.6030/40, break is to 1.6170/80
Euro/Usd This pair is still on downtrend, low is at 1.4020/30, retracement at 1.4110/20 break is to 1.4250/60
Usd/Cad This pair collpased from uptrend, today stuck bt. resistance at 0.9850/60 break is to 0.9900/10 then 0.9935/40 and possibly 0.9965/70, and support at 0.9820 break is to 0.9790/95 then 0.9775 then possibly toward 0.9720/25
Nzd/Usd This pair is still on downtrend, retracement at 0.8335/40, break is to 0.8410/20, a base above would change trend direction, while support at 0.8230 a base below is to target low at 0.8140/50
Euro/Chf This pair is still on uptrend, high is at 1.2130/40, break above would more power the trend targetting 1.2190/00, high support at 1.1930/40 break is to retracement at 1.1860/70
Gbp/Chf This pair is still on uptrend, high is at 1.3740/50, a base above would power the trend targetting 1.3770/75 then 1.3800/05 then toward 1.3845/50, high support at 1.3530/40, retracement at 1.3480/85
Euro/Gbp This pair would move sideways today, resistance at 0.8820 a base above would confirm uptrend start targetting 0.8845/50 then 0.8860/65 & possibly 0.8890/95, and support at 0.8800 break is to return to downtrend to 0.8770/80 then 0.8745/50 and possibly 0.8725/30
Aud/Usd This pair is on uptrend today, above retracement at 1.0620/30 break is to 1.0540/50, while kept a base above high support at 1.0640/45 would target 1.0740/45 then high at 1.0770/80
Euro/Jpy This pair is still on downtrend, retracement at 108.95/00, break is toward 109.70 then 110.00/10, while low is at 108.20/25
Gbp/Jpy This pair is still on downtrend, retracement at 123.75/80 break is to 124.45/50 then toward 125.25/30, while low is at 123.10/20
Oil is on uptrend after successful breakout strategy of yesterday resistance, retracement at 88.20/25 break is to 87.50/60 then 86.40/50, while high is at 90.95/00, a base above would more power the trend toward 92.20 then 93.15/20 and possibly 95.90/00
Gold is on downtrend today after changing trend direction as expected yesterday(read previous post), low resistance at 1820/21, retracement at 1839/40, break might target 1885/86, while on the downside toward 1765/66 then 1742/43
We have 3 Very Important News Releases today for the Sterling, Euro & Dollar Currencies:
- BOE Interest Rate & MPC Statement: Buy Gbp/Usd if raised from current 0.50% to 0.75%(not expected to happen), while sell if decreased to 0.25% or/& Asset Purchasing Facility is increased to 225B, also must take close look at MPC Statement if number of votes would be kept as 9-0-0 for hold of current rate or a change of some members votes for hike might occur as 2 members changed from hike to hold in past meeting.
- ECB Interest Rate & Trichet Press Conference: Buy Euro/Usd if raised to 1.75% from current 1.50%, while sell if decreased to 1.25%, also must listen to Trichet press conference that would mainly effect the Euro Currency. He might mention hints if rate hike might be possible at October ECB Rate Decision which would surely power the Euro while any mention of rates kept as current till 2012 or decreased would weaken the Euro fast.
- Fed Chairman Ben Bernanke talks: We'll see what New News Ben Genius have for us today, but mainly focus would be kept till coming FOMC. Dollar was helped recently by SNB actions and the CHF no longer being a safe haven as the SNB is targetting with its actions, besides Euro Zone debt problems that is leading investors and traders to go back and buy again the dollar seeing it again as a safe haven currency,
but maybe Bernanke would not like this situation as he had been weakening the dollar so far with his mad monetary policy that is looking to be right only in terms of the best bad had happened and nothing more bad would be seen at least for many months coming(as I expected in past month) because Ben Madness to keep rates low till Mid-2013 led the SNB to intervene(Wise decision by SNB that the Fed Chariman would never act like or even think ot care about doing the same..) and pegging the Euro/Chf above 1.20 which also weakned the Chf against most currencies and powered the Usd/Chf pair but ofcourse Ben Genius have no credibility for this result but the SNB as mentioned before...
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 9th September 2011:
Short Term Signals:
Usd/Chf Buy 0.8580/85 then 0.8495/00 then 0.8425/30, sell 0.8850/55 then 0.8895/00 then 0.9020/25
Usd/Jpy Buy 77.10/15 then 76.90/95 then 76.75/80, sell 77.70/75 then 77.85/90 then 78.10/15
Gbp/Usd Buy 1.5855/60 then 1.5810/15 then 1.5715/20, sell 1.6090/95 then 1.6150/55 then 1.6225/30
Euro/Usd Buy 1.3770/75 then 1.3720/25, sell 1.4080/85 then 1.4175/80
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, high support at 0.8700/10, break is to retracement at 0.8570/80, break here is toward 0.8310/20, while on the upside is to target our short term sell signals
Usd/Jpy This pair is still on uptrend, high is at 77.60/65 above here would target our short term sell signals, while retracement at 77.30/40, break is to 77.05/10 then 76.90/95
Gbp/Usd This pair is still on downtrend, low is at 1.5890/00, retracement at 1.6000/10, break is to 1.6130/40
Euro/Usd This pair is still on downtrend, low resistance at 1.3905/15, break is to retracement at 1.3990/00 above here is to our short term sell signals while on the downside to target our short term buy signals
Usd/Cad This pair returned to uptrend basis, retracement at 0.9870/80, break is to 0.9835/45, while high is at 0.9940/50
Nzd/Usd This pair is still on downtrend, retracement at 0.8330, break is to 0.8400/10, a base above here would change trend direction, while support at 0.8230/40 break is toward low at 0.8140/50
Euro/Chf This pair is still on uptrend, high is at 1.2220, above here would more power the trend toward 1.2240/50 then 1.2300/10, retracement at 1.1990/00, break is to 1.1910/20
Gbp/Chf This pair is still on uptrend, high support at 1.3930 break is toward retracement at 1.3710/20 while a base above high support would more power the trend toward 1.4120/25
Euro/Gbp This pair decided to return to downtrend, low at 0.8660/70, retracement at 0.8740/50 break is toward 0.8775/85
Aud/Usd This pair is moving sideways again, resistance at 1.0625/30 break is to 1.0645/55 then toward 1.0695/00 while support at 1.0550 break is to 1.0525/30 then 1.0500/05
Euro/Jpy This pair is still on downtrend, low at 107.60 a base below is to extend weakness toward 106.85/90, while retracement at 108.20/30 break is to target 109.20/30
Gbp/Jpy This pair is still on downtrend, low is at 123.00/10, retracement is at 123.85/90 break is toward 124.30/40 above here would target 125.20/30 changing trend direction
Gold is moving sideways, support at 1857/58 break is to 1848/49 then toward 1829/30 below would extend weakness while high is at 1913/14
Oil is still on uptrend, retracement at 88.20 break is to 87.75/80 then toward 86.50/60, a base below would extend weakness while high is at 91.00/10
We have an Important News Release today for the Canadian Dollar Currency:
_ CAD Employment Change: Buy Usd/Cad if below 20 while sell if 30 or above
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 12th September 2011:
Short Term Signals:
Usd/chf Buy 0.8700/05 then 0.8640/45, sell 0.8920/25 then 0.8955/60 then 0.9055/60
Usd/Jpy Buy 77.00/05 then 76.70/75 then 76.35/40, sell 78.05/10 then 78.25/30 then 78.65/70
Euro/Usd Buy 1.3495/00 then 1.3425/30, sell 1.3920/25 then 1.4045/50
Gbp/Usd Buy 1.5795/00 then 1.5755/60 then 1.5670/75, sell 1.5995/00 then 1.6050/55
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, high support at 0.8850 break is to retracement at 0.8700/10, while on the upside to our short term sell signals
Usd/Jpy This pair is still on uptrend, retracement at 77.40 break is to 77.10/15 then 76.95/00 below is to the other 2 short term buy signals while resistance is at 77.65/70 above here would target our short term sell signals
Euro/Usd This pair is still on downtrend, low resistance at 1.3700/10, break is to retracement at 1.3790/00, while on the downside to target our short term buy signals.
Gbp/Usd This pair is still on downtrend, low is at 1.5800/05 break is to our short term buy signals while retracement at 1.5920/25 break is toward 1.6060/70
Usd/Cad This pair is still on uptrend, retracement at 0.9920/30 break is to 0.9860/70 while high is at 0.9980, a base above is toward 1.0020/25 then 1.0045/50 and possibly 1.0115/20
Nzd/Usd This pair is still on downtrend, low resistance at 0.8235/40, retracement at 0.8265/70 break is to 0.8335/40 then 0.8360/70, while low is at 0.8110/20
Euro/Chf This pair is still on uptrend, retracement at 1.2000/10 break(not expected due to SNB 1.2000 set price level but maybe...) is to 1.1910/20, while high is at 1.2260/70
Gbp/Chf This pair is still on uptrend, retracement at 1.3860/70, while on the upside to target 1.4135/40 then 1.4180/85 if broke above resistance 1.4080/90
Euro/Gbp This pair is still on downtrend, low resistance at 0.8600, break is to retracement at 0.8655/60 break is to 0.8745/50, while on the donwside more weakness is toward 0.8535/40 then 0.8510/15
Aud/Usd This pair is on downtrend, low at 1.0320/30, retracement at 1.0500/10, break is to 1.0540, a base above is toward 1.0590/00
Euro/Jpy This pair is still on downtrend, low resistance at 106.20/30, break is to retracement at 106.70/80, a base above is toward 108.40/50 then 109.50/60(possible intervention), while on the downside is to target 104.40/45 then 103.65/70
Gbp/Jpy This pair is still on downtrend, low is at 122.45/50, break is to extend weakness toward 121.90/95 then 121.35/40, retracement at 123.20/30 break is to 123.90/00 and break is possibly toward 125.00/10
Oil is moving sideways but might confirm downtrend if kept basing below 86.35/40 targetting 84.60/65 then 83.45/50 then possibly toward 81.35/40 if broke below low at 82.00/10, while might target high at 90.65/70 if based above 87.50
Gold is still moving sideways, below support at 1854/55 is toward 1833/34 break is to target 1812 then 1792, while high is at 1913/14
Have A Great Trading Day