Daily Analysis on 17th July 2008
EUR/USD
Analysis
in daily chart, it already test 1.6018 line and it's fail to break the line. and we have reversal pattern. it's also confirm by 4h chart that already break the 1.5841 and we have very strong bearish here.
Forecast:
Day Trader : down
Swing Trader :down
Recommendation :
Day Trader :Sell, TP: 1.5650, SL: 1.6050
Swing Trader :Sell, TP:15350, SL:1.5865
USD/CHF
Analysis
based on 4h chart, it already break 1.0112 line and it's show strong bullish and it's confirmed by daily chart that support line in downtrend channel still show as strong support.
Forecast
Day Trader : Up
Swing Trader : Up
Recommendation
Day Trader : Buy, TP:1.0290, SL:1.0075
Swing Trader : Buy, TP:1.0400, SL: 1.0000
GBP/JPY
Analysis
Based on 4h Chart, 208.50 is become strong support and it bounce in this line, it's also showing strong bullish.
Forecast
Day Trader: Up
Recommendation
Day Trader: Buy, TP: 211.90 SL:207.85
Last edited by PipDiddy; 07-16-2008 at 09:25 PM.
Reason: Link Violation
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