Daily Analysis on 16th July 2008
EUR/USD
Analysis
4 Hour Chart
Daily Chart
Based on this 4 hours chart, it will go down to test 1.5841 line and there will be 2 possibility, if it can break the line then it will go down to 1.5635 but if it cannot break that line it will go up to 1.6010 as you can see in daily chart.
Forecast
Day Trader:it will go down to 1.5841 then if it can break that it will go down if not it will go up
Swing Trader:-
Recommendation
Day Trader:wait until it break or rebound from 1.5841
Swing Trader:wait until today candle form completely
USD/CHF
Analisys
4 Hour Chart
Daily Chart
on 4 hour chart, it will go up to test 1.0112 line then if it can break the line then it will go up to channel resistance line in daily chart at 1.0448 but if it cannot, it will go down to 0.9642 then to 0.9925.
Forecast
Day Trader : it will go up to test 1.0112
Swing Trader :-
Recommendation
Day Trader : wait for testing the 1.0112 line
Swing Trader :wait for today candle
Happy Trading
Last edited by PipDiddy; 07-15-2008 at 10:07 PM.
Reason: Link Violation
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