Forex Buy & Sell Trading Signals

ForexMoneyMaker · August 4, 2011, 2:07am

Hello Traders,

Forex Signals & Daily Analysis for 4th August 2011:

Short Term Signals:

Usd/Chf Buy 0.7575/80 then 0.7515/20, sell 0.7820/25 then 0.7875/80 then 0.7970/75

Usd/Jpy Well, after Intervention there would not be sell signals for today but only buy signals that might or not be targetted, Buy 78.00 then 77.70 then 77.45/50

Gbp/Usd Buy 1.6265/70 then 1.6185/90 then 1.6125/30, sell 1.6510/15 then 1.6550/55

Euro/Usd Buy 1.4145/50 then 1.4065/70 then 1.3990/95, sell 1.4420/25 then 1.4470/75

Medium Term Daily Analysis:

Usd/Chf It seem that the SNB was well reading my post yesterday and had cut rates to weaken the Swissie which led to a big spike in all chf pairs as Gbp/Chf & Euro/Chf around 300 pips while 100 for Usd/Chf and others…
This pair is trying to break upward to base on uptrend, if bases above 0.7780 targetting 0.7900/10 then 0.8060/70, while low is at 0.7650/60

Usd/Jpy I provided traders yesterday with a clear helpful advice to keep buying yen pairs at low levels, Hopefully all or some traders took the advice seriously and bought this and other yen pairs to wake up today at intervention with big money gains.
This pair certainly based on uptrend, above retracement at 77.70/80, targetted 78.60 then might target as high as 80.50/60 but must hold at 80.90/00 while do not seem to have lower price than retracement at least for today.

Euro/Usd This pair is still on downtrend despite again retracing upward but collapsing down again from expected price level at around 1.4340 that was a successful breakout stratgey for yesterday, would find support at 1.4250 today, break would extend weakness to 1.4140/50, break here would target our short term buy signals for this pair, while on the upside might retest 1.4360/70 if bases aagin above 1.4280 then 1.4340, above said retest is to our short term sell signals.

Gbp/Usd This pair is moving sideways waiting for Crucial news release that I’ll talk about later on(at the end), below 1.6350/60 would fast collapse targetting our short term buy signals, while high is at 1.6540/50 despite that I do not see sterling can power to reach there but everything is possible espeiclaly with crucial news releases.

Usd/Cad This pair still on uptrend, targetting high at 0.9700/10, retracement is at 0.9600/10, break is to 0.9540/50

Nzd/Usd This pair still on downtrend, targetting 0.8430 then 0.8310/20, retracement is at 0.8670/80

Euro/Gbp This pair is still on downtrend, but low is highering to 0.8700 below would extend weakness, retracement is at 0.8740, break is to 0.8770/80, a base above here would target 0.8850/60

Gbp/Chf This pair is looking to break to the upside if bases above 1.2710 targetting 1.2920/30 then 1.3080/90, while low is at 1.2570/80

Aud/Usd This pair is still on downtrend, targetting 1.0610/20 then possibly 1.0530/40, retracement is at 1.0790/00, break is to 1.0880/90

Euro/Chf This pair is looking to break to the upside today, if bases above 1.1120 targetting 1.1340/50, break is to 1.1490/00, while low is at 1.0950/60

Euro/Jpy This pair is certainly on uptrend after intervention, based above retracement at 111.50 and front support at 112.00/10 targetting 114.30/40 then possibly high at 116.00/10

Gbp/Jpy This pair with same scenario, based above retracement at 127.00 and front support at 127.30/40 possibly targetting high at 131.50/60

Gold is still on uptrend, hit another new historic high but I’ll not target new highs for today other than 1669/70, retracement is at 1650, break is to 1629/30 then if possibly broke below would target 1605/06

Oil is still on downtrend, targetting 90.40/50 then 89.70/80 then 88.20/30, low resistance might be forming at 92.00/10 if price kept falling down, retracement is at 93.30/40, break above would hold at 96.00/10

We have 3 Crucial News Releases today for the Sterling & Euro Currencies:

UK BOE Rate Decision: Buy Gbp/Usd if 0.75% while sell if 0.25%, if kept the same at 0.50% would focus at MPC Statement.
ECB Rate Decision & Press Conference: Interest rate is expected to stay at 1.5%, ofcourse if increased to 1.75% then you buy Euro/Usd while if decreased to 1.25% then you sell this pair, but Trichet talks would have more influence to decide Euro Currency Strength or weakness

Have A Great Trading Day

ForexMoneyMaker · August 4, 2011, 8:13pm

Hello Traders,

Forex Signals & Daily Analysis for 5th August 2011:

Short Term Signals:

Usd/Chf Buy 0.7545/50 then 0.7510/15 then 0.7395/00, sell 0.7785/90 then 0.7860/65 then 0.7920/25

Usd/Jpy Buy 76.50/55 then 75.40/45, sell 80.95/00 then 81.95/00 then 83.70/75

Gbp/Usd Buy 1.6160/65 then 1.6115/20 then 1.5990/95, sell 1.6425/30 then 1.6505/10 then 1.6575/80

Euro/Usd Buy 1.3955/60 then 1.3900 then 1.3710/15, sell 1.4345/50 then 1.4465/70 then 1.4560/65

Medium Term Daily Analysis:

Usd/Chf This pair is still on downtrend after a false breakout & unability to base on uptrend, retracement is at 0.7710/20, break is to 0.7840/50, above here would target 0.8020/30, while low is at 0.7570/80. below is to our short term buy signals

Usd/Jpy This pair is still on uptrend from yesterday intervention, targetting a retest of 80.20/30, break is to 80.90/00, while retracement is at 78.30/40 break is to 77.80

Euro/Usd This pair is still on downtrend, targetting 1.3940/50 low price level, below would extend weakness fast to target our short term buy signals, retracement is at 1.4170/80, break is to 1.4230/40 then 1.4290/00

Gbp/Usd This pair is on downtrend, targetting our short term buy signals(if broke 1.6220 would go there fast), retracement is at 1.6295/00, break is to 1.6330/40

Usd/Cad This pair is still on uptrend, The Looney or Canadian dollar currency effected by Oil weakness, retracement is at 0.9700/10, break is to 0.9660/70, while powerful uptrend contiuation is to 0.9910/15 then 0.9955/60 but must mainly filter below 1.0000

Nzd/Usd This pair is still on downtrend, targetting 0.8190/00, break would target 0.8070/80, retracement is at 0.8470/80, break is to 0.8530/40 then 0.8620/30 would hold(if reached)

Euro/Chf This pair failed to breakout and kept on downtrend, retracement is at 1.0920/30, break is to 1.1200/10, above would target 1.1420/30, while would not target new historic lows.

Euro/Gbp This pair is still on downtrend that is more powerful now by basing below low resistance at 0.8670/80, targetting 0.8620/25 then 0.8595/00 then 0.8530/40, retracement is at 0.8695/00, break is to 0.8745/50 then 0.8770/80

Gbp/Chf This pair failed to base on uptrend, would not target more new historic lows, retracement is at 1.2560/70 break is to 1.2800/10 then 1.3010/20

Aud/Usd This pair is still on downtrend, below 1.0420 would extend weakness fast to target 1.0300/10 then 1.0240 then possibly 1.0020/30, retracement is at 1.0610/20, break is to 1.0760/70

Euro/Jpy This pair is still on uptrend from yesterday intervention, targetting 113.50/60, above here is to 116.00/10(if reached but anything is possible), while low price level is at 109.70/80(buy order if reached).

Gbp/Jpy This pair is still on uptrend after yesterday intervention, above 128.90/00 would more power the trend to target 130.80/90 and then possibly 131.50/60, retracement is at 127.70/80, break is to 127.30/30 then above 127.00/10

Gold is still on uptrend but might change this view if bases below retracement at 1645 targetting 1632/33, below would target 1609/10

Oil is still on downtrend that is more powerful now wioth low resistance at 88.50, retracement is at 89.70, break above 90 is to 94.10/20, while more collpase is to low support levels at 83.20/30 then 81.70/80 then as low as 77.50/60

***There is a big War not battle bt. Big Central Banks and some trader, investors…people who still searching for a safe currency with consistent worries of EuroZone & US Debt Problems, so heading to buying Swissie, yen & Gold, especially the latter now after fears of another intervention on yen pairs, besides an intervention by Swiss National Bank and others on Chf pairs would put this currency on fears to keep buying as fears with yen currency now, so people who are afraid of a disaster or weakening of basic currencies are heading to basically buy Gold which isn’t Money as Mr. Ben Genius Said in a previous Testify, but it’s still “something” that can be exchanged for money or kepy for safe when needed Mr. Ben Genius.
What is obvious & clear now is that the dollar currency is trying to return its basic situation as the world’s safe haven currency(that was at past), powering against all currencies except the Swissie for now but further intervention might let people who are buying the Swissie understand once and for all to stop that habit and rely on the dollar again.
Ofcourse, all that also depends on Mr. Bernanke & his Fed Buddies coming talks as today’s Crucial News Release the NFP, if he wants to return to same boring talks of quantitative easing with QE3 then better for all of us to find ourselves a new job…LOL till this Mad Genius & his buddies are isolated once and foreever from their jobs…besides you can make the first step Timmothy Geithner by retiring from your treasury secretary job as you said you’ll do when the Debt deal is reached so what’s going on dude…still here…lol

We have 2 Very Important News Releases for today for the Canadian Dollar & the Dollar Currency:

CAD Employment Change: Buy Usd/Cad if below 0K while Sell if 40K or above
NFP: Buy Usd/Chf & Usd/Jpy if above 120K while Buy Euro/Usd & Gbp/Usd if below 30K
UnEmployment Rate would also have big impact on this news release that is expected to stay at 9.2% but if more than this number comes out as actual then weakness would be for dollar currency, ofcourse if also the NFP number comes weak, while if Rate comes out as below 9.2% then the dollar must power fast.

Today is Very Important for coming days overall market direction, would NFP keep the dollar powering or would it as mostly weaken the dollar as with last NFP dragging down the Usd/Chf pair from 0.8300 to current low price levels and mixing the whole global economy by more powering the CHf & Gold then possibly the Yen, for us to face more fight of power bt. the Big Central Banks decision that the Swissie & Yen pairs are very overvalued and their economy is loosing moneyin this situation so intervention would be the only always answer till traders, investors & people undertsandt hat clearly once & forever…

Have A Great Trading Day

ForexMoneyMaker · August 8, 2011, 7:52pm

Hello Traders,

Forex Signals & Daily Analysis for 9th August 2011:

Short Term Signals:

Usd/Chf Buy 0.7440/45 then 0.7390/95 then 0.7300/05, sell 0.7670/75 then 0.7730/35 then 0.7805/10

Euro/Usd Buy 1.4015/20 then 1.3945/50, sell 1.4420/25 then 1.4540/45

Usd/Jpy Buy 77.15/20 then 76.90/95 then 76.35/40, sell 78.50/55 then 78.85/90 then 79.25/30

Gbp/Usd Buy 1.6225/30 then 1.6180/85 then 1.6070/75, sell 1.6465/70 then 1.6540/45

Medium Term Daily Analysis:

Usd/Chf This pair is still on downtrend, low is at 0.7460/70, break would target our short term buy signals, retracement is at 0.7600/10, break is to 0.7740/50 then above here would target 0.7940/50

Euro/Usd This pair is moving sideways but with downtrend basis, below retracement at 1.4200/10 targetting 1.4020/30, below would extend weakness, while above retracement is to 1.4350/60 good resistance then if broken to 1.4340/50

Gbp/Usd This pair is moving sideways but with downtrend basis, retracement is at 1.6340/50, break might target 1.6470/80 but would filter below 1.6500(around 1.6495/00), while on the downside would target 1.6260/70 then break is to 1.6170/80, break would extend weakness…

Usd/Jpy This pair is moving sideways after intervention had lost most of gains, today moving bt. 77.50/60 break is to 76.60/70 low price level, and 77.90/00 break is to 78.20, above would extend gains to our short term sell signals.

Usd/Cad This pair is still on uptrend, high support is at 0.9900, retracement at 0.9830/40, break would hold at 0.9680/90, while high price levels are around 1.0000 then 1.0015/20 and 1.0050/60

Nzd/Usd This pair is still on downtrend, low resistance is forming at 0.8200 if price kept collapsing downward to target 0.8100 then 0.8050 and possibly 0.7900 if broke below 0.8000, retracement at 0.8320/30 break is to 0.8540/50

Euro/Chf This pair is still on downtrend, low price level at 1.0600/10 below would extend weakness, retracement at 1.0810/20 break is to 1.1040/50 then above here might target 1.1330/40

Euro/Gbp This pair is still on downtrend, low price level is at 0.8660/70 below would extend weakness, retracement is at 0.8695/00, break is to 0.8720/30 then 0.8760/70

Gbp/Chf This pair is still on downtrend, low price level at 1.2230/40, below would extend weakness, retracement is at 1.2420/30 break is to 1.2650/60, above here might target 1.2920/30

Aud/Usd This pair is still on powerful downtrend, low resistance at 1.0240/50, retracement at 1.0350/60, above here might target 1.0620/30(if possible), while more low price levels are at 1.0050/60 then 1.0000

Gbp/Jpy This pair is moving sideways after intervention but on downtrend basis now, below retracement at 126.90/00 targetting low at 125.70/80, while above retracement is to 127.20/30 then as high as 128.70/80

Euro/Jpy This pair is with same scenario, below retracement at 110.60/70 targetting low at 109.40/50 while above retracement is to 111.40/50, above might target 112.60/70

Gold is still on uptrend, high support at 1705, retracement at 1692/93, break is to 1654/55, while more historic highs can be at 1537/38 then 1745/46 and possibly 1770/71

Oil is still on powerful downtrend, low resistance at 82.90/00, retracement at 84.30/40, break is to 90.50/60, while more lows are at 78.00/10 then 76.80/90 and possibly 73.50/60

We have Very Important News Releases for the Sterling, Canadian Dollar & Dollar Currencies:

UK Manufacturing Production: Buy Gbp/Usd if 1.5% or above while sell if below 0%
CAD Housing Starts: Buy Usd/Cad if 180K or below while sell if 210K or above
US FOMC Statement & Federal Funds Rate: Buy Usd/Chf & Usd/Jpy if rate is increased(surprisly) while Buy Euro/Usd & Gbp/Usd if rate is decreased.
Main focus would be at FOMC Statement if would hint at QE3 or keep optimism about somehow good NFP numbers & UnEmployment rate %(last friday news release)…
Lets see what Fed Chairman Ben Bernanke & his buddies are hiding for us from a gift surprise which is usually a bad one…I do not remember a near date that a FOMC Statement had powerded the Dollar Currecny, always upset to more upset statements…but lets wait and see…

***Bernanke & his dudes well know what they say would mainly decide the dollar power or weaknes and the market overall movement which lead to a more power Yen and Chf also Gold when the Dollar is weak, so I can’t understand why do they have to fight and offend Standard & Poor’s rating downgrade(to double A from triple A), and why should they force Swiss National Bank & Bank of Japan with consistent actions as interventions and more interest rates cuts, while the FED does nothing and the magic stick is in the Fed’s hands.
Simply, as being optimistic about coming economical data, hinting QE3 is not a possible option and far wawy from consideration, giving some dates of possible rate hike, saying that Current market movements are hurting the golbal econiomy and that they are ready for action if prices kept in current state or drove more down, instead of talking of possible QE3 that they well know that would more damage the dollar.
Fed must act to prevent more collapsing of global economy but if they instead decide to madly act as had been with QE2 then we do not want any new QE(QE3), simply Go Home Guys…you are not in right place nor time for this crucial market crisis situation…Enough said for now

Have A Great Trading Day

ForexMoneyMaker · August 9, 2011, 6:44pm

Hello Traders,

Forex Signals & Daily Analysis for 10th August 2011:

Short Term Signals:

Usd/Chf Buy 0.6900/05 then 0.6760/65, sell 0.7615/20 then 0.7810/15

Usd/Jpy Buy 76.30/35 then 76.00/05, sell 77.85/90 then 78.30/35 then 78.80/85

Gbp/Usd Buy 1.6140/45 then 1.6065/70, sell 1.6465/70 then 1.6535/40

Euro/Usd Buy 1.4170/75 then 1.4075/80 then 1.4000/05, sell 1.4475/80 then 1.4525/30

Medium Term Daily Analysis:

Usd/Chf This pair is still on downtrend, low resistance at 0.7260/70, break is to retracement at 0.7390/00, above would target 0.7630/40, while more new historic lows is our short term buy signals.

Usd/Jpy This pair is still on downtrend, retracement at 77.40/50, break is to 78.00/10, above here would target 79.50/60, while low is at 76.40/50

Gbp/Usd This pair is still moving sideways with downtrend basis, retracement at 1.6320, break is to 1.6340/50, above here would target 1.6400/10 then to our short term sell signals, while support is at 1.6280 break is to 1.6190/00

Euro/Usd This pair is still moving sideways on uptrend today, above retracement at 1.4300/10, break is to 1.4270/80, below is to our short term buy signals, while on the upside is to our sort term sell signals if broke above 1.4420/30

Usd/Cad This pair is still on uptrend, despite huge fall(effected with Oil upward retracement and Fed Madness) after hitting our yesterday first target at 1.0000, retracement is at 0.9700, break is to 0.9600/10, high is at 0.9890/00, break might retest 1.0000

Nzd/Usd This pair is still on downtrend, trying to break to the upside by basing above retracement at 0.8360/70 targetting 0.8540/50, while below is to target 0.8240/50 then possibly as low as 0.8100/10

Euro/Chf This pair is still on downtrend, low resistance might be forming at 1.0390/00, break is to retracement at 1.0570/80, above is to 1.0890/00(if possible), while on the downside might retest 1.0060/70, but must filter above 1.0000

Euro/Gbp This pair is moving sideways but on uptrend basis today, retracement at 0.8760/70, break is to 0.8730/40 then to as low as 0.8670/80(if possible), while on the upside 0.8820/30 would form resistance above is to hold at 0.8860/70

Gbp/Chf This pair is still on downtrend, low resistance at 1.1890/00, break is to retracement at 1.2060/70, above here is to 1.2460/70(if reachable), while would not target new historic lows.

Aud/Usd This pair is still on downtrend, trying to break to the upside by basing above 1.0380 targetting 1.0630/40 then would hold at 1.0710/20, while low is at 1.0240/50, below would extend weakness

Gbp/Jpy This pair is still on downtrend, retracement at 126.30/40, break is to 126.60/70 then 127.00/10and possibly 127.80/90 while low is at 125.30/40

Euro/Jpy This pair on uptrend, above retracement at 110.30/40, targetting 111.10/20, above would extend gains, while below retracement is to 110.00/10, below might target 109.30/40

Gold is still on uptrend, high support at 1730, retracement at 1718/19, break is to 1669/70, while more hsitoric highs can be at 1787/88 then 1809/10 then 1839/40

Oil is still on downtrend, retracement at 83.30/40, break is to 89.20, while low is at 81.20/30, below is to 75.70/75 then 72.80/85 then possibly 70.00

***It seems that Mr. Ben Genius & his buddies got Crazy Mad… to the maximum extent by not only announcing “extended period” but also setting a date for kept low interest rate till mid-2013 with foolish words as exceptionally & at least.
Are you joking me Fed Chairman?!! Till 2013?! Do you guarantee yourself or your president at your current posts or jobs till that date?! Ofcourse not. Is that weak the US Economy to follow such procedure?! Maybe, but not to this extent measurement.
But is this the only option that the Fed can act accordingly?! I say No, but simply you have no decision, you do not know what to do, at least the BOJ or even the SNB can intervene to stop this crazy market movements which is leading to powering their currencies and weakening their economies, while what you do FED but damage the whole global economy with your consistent bad steps from worse to more worse.
What did your QE2 do but higher prices in different categories starting with food… And, I would not be surprise after this FOMC Statement for you to announce QE3 in next meeting.
The somehow joke about seeing Usd/Chf at 0.80 then 0.75 then 0.70 is now becoming more reality and 0.50 might not be too far anymore.
Besides, I believe the buying of Chf Currency is somehow becoming a habit more than actual traders who know what they are doing especially that there are many outsiders in the forex & other markets in recent years who do not really know how to trade or really what’s forex or stocks or futures but only riding the momentum that says everybody is selling this or that chf pair so lets join the game and gain quick money which is effecting the markets on the long run with no logical fundamental or technical movements for certain pairs.
Anyway, I believe that the only answer for this is Intervention which is succeeding greatly with yen pairs that are stopping at certain low price levels without further declines due to huge fear of Intervention. That fear must start to appear in Chf pairs if same procedure of consistent intervention occurs to at least put low price levels limits for Chf pairs crazy collapse movements.

Have A Great Trading Day

ForexMoneyMaker · August 10, 2011, 8:18pm

Hello Traders,

Forex Signals & Daily Analysis for 11th August 2011:

Short Term Signals:

Usd/Chf Buy 0.7155/60 then 0.7105/10 then 0.7030/35, sell 0.7360/65 then 0.7405/10 then 0.7485/90

Usd/Jpy Buy 76.15/20 then 75.85/90 then 75.35/40, sell 77.45/50 then 77.75/80 then 78.25/30

Euro/Usd Buy 1.4055/60 then 1.4005/10, sell 1.4385/90 then 1.4485/90

Gbp/Usd Buy 1.6025/30 then 1.5980/85, sell 1.6320 then 1.6405/10

Medium Term Daily Analysis:

Usd/Chf This pair is still on downtrend, low is at 0.7180/85 break would extend weakness to our short term buy signals for this pair, retracement at 0.7350, break is to 0.7550/60, above would target 0.7840/50

Usd/Jpy This pair is still on downtrend, low is at 76.20/30, break is to our short term buy signals, retracement is at 77.10/20, break is to 77.40 then 77.90/00 then 78.40/50

Euro/Usd This pair is on downtrend, low is at 1.4030/40, retracement is at 1.4210/20 break is to 1.4240/50 then 1.4270/80, above would target 1.4340/50

Gbp/Usd This pair is on downtrend, targetting low at 1.6050, below is to our short term buy signals, retracement at 1.6210/20, break is to 1.6270/75 then 1.6295/00

Usd/Cad This pair is still on uptrend, high is at 0.9970/80 above would extend gains while retracement is at 0.9880/85, break is to 0.9750/60

Nzd/Usd This pair is still on downtrend, forming low resistance at 0.8120/30, retracement at 0.8210/20, break is to target 0.8330/40 then possibly 0.8440/50(if reachable), while on the downside as continuation of downtrend would target 0.7920/30 then possibly 0.7840/50

Euro/Chf This pair is still on downtrend, low is at 1.0200/10 break would extend weakness but would filter above 1.0000 psycological level(if reachable), retracement at 1.0450/60, break is to 1.0760/70

Euro/Gbp This pair is still moving sideways but on uptrend basis, retracement is at 0.8760/70, break is to 0.8730/40, below might target low at 0.8760/70 while above is to face resistance at 0.8820/30 then 0.8840/45 then 0.8860/70

Gbp/Chf This pair is still on downtrend, 1.1690/00 would form a low resistance if price kept collpasing below here or would become low price level support if kept basing above, retracement is at 1.1920/30, break is to 1.2320/30

Aud/Usd This pair is still on downtrend, low price level is at 1.0110/20, below would turn this level to low resistance if price collapsed below, retracement at 1.0250/60, break is to 1.0520/30

Gbp/Jpy This pair is still on downtrend, low resistance formed at 124.40/50, break is to retracement at 125.00/10, break is to 126.10/20 then 126.80/90 must mainly hold

Euro/Jpy This pair is still on downtrend, low resistance is forming at 108.70 that would turn to low support if price based above, break is to retracement at 109.50/60, break is to 110.10/20 then above here must hold at 111.20/30

Oil is still on downtrend, low is at 79.50/60 below would target 79.15/20 then 77.85/90 then 76.25/30, while retracement is at 82.40/50 break is to 87.60/70

Gold is still on powerful uptrend with always new historic highs, high support is at 1775/76, break is to target retracement at 1760/61, break is to 1693/94, while more historic high are at 1822/23 then 1835/36 then possibly 1874/75

We have 2 News Releases today for the Loonie & Dollar Currencies that do not have such big impact but might somehow effect the market movement & good to at least focus at:

Cad Trade Balance: Buy Usd/Cad if -0.10B or more worse while sell if better than -0.8B
US Trade Balance: Buy Usd/Chf & Usd/Jpy if better than -47B while Buy Euro/Usd & Gbp/Usd if more worse than -49B
Unemployment Claims: Buy Usd/Chf & Usd/Jpy if below 400K while Buy Euro/Usd & Gbp/Usd if above 410K

*** The Market is now at standby regarding the Chf pairs after Swiss National Bank Intervention to stop its currency from more powering- which leads to increase in prices of Swiss products meaning decrease of sales leading to a weaker economy…
Besides, Traders are somehow confused about the FOMC Statement that kept rates low till Mid-2013 but at same instant didn’t mention QE3 despite other words in statement might lead to such conclusion but still not clear language besides 3 Fed Members: Fisher, Plosser & Kocherlakota dissented themselves from this FOMC Statement decision which is the the highest number of dissents since November 1992 and is worth to focus at the background or coming effects of such action.
The Yen Currency is kept powering then weakening with consistent pull & push bt. the BOJ and traders who are finding it exciting to gain quick money by buying on dips then selling at top after Intervention, nothing would change this but a clear economical step or decision by the big countries.

Have A Great Trading Day

ForexMoneyMaker · August 12, 2011, 12:48am

Hello Traders,

Forex Signals & Daily Analysis for 12th August 2011:

Short Term Signals:

Usd/Chf Buy 0.7235/40 then 0.7060/65, sell 0.7850/55 then 0.7960/65

Usd/Jpy Buy 76.15/20 then 75.80/85 then 75.40/45, sell 77.40/45 then 77.70/75 then 78.15/20

Gbp/Usd Buy 1.6120/25 then 1.6065/70 then 1.6020/25, sell 1.6295/00 then 1.6320/25

Euro/Usd Buy 1.4090/95 then 1.4020, sell 1.4350/55 then 1.4400/05

Medium Term daily Analysis:

Usd/Chf This pair is starting today a base on uptrend if kept the base above retracement at 0.7570, break is to 0.7510/20, while on the upside is to target 0.7830/40 then possibly 0.8020/30

Usd/Jpy This pair is still on downtrend, retracement is at 77.00/05, break is to 77.40 then 77.80/90 then 78.50/60, while low is at 76.20

Gbp/Usd This pair is still on downtrend, retracement is at 1.6240/50, break is to 1.6280/90, above here would target 1.6330/40, while low price level is at 1.6070/80

Euro/Usd This pair is still on downtrend, below retracement at 1.4240/50 targetting low at 1.4050/60, while above retracement is to 1.4270/80 then above here is to 1.4340/50

Usd/Cad This pair is still on uptrend but might change this view if bases below retracement at 0.9860, targetting 0.9780 then possibly to 0.9660/70, while high is at 0.9980/90

Nzd/Usd This pair is still on downtrend, trying to base above but failing, retracement at 0.8270, break is to 0.8410/20 then possibly 0.8520/30, while low is at 0.8120/30

Euro/Chf This pair is trying to base on uptrend if kept the base above retracement at 1.0770/80, break is to 1.0690/00, while on the upside to target 1.1180/90 then possibly to 1.1400/10

Euro/Gbp This pair is moving sideways after failing to keep the uptrend base, below retracement at 0.8770 to target 0.8730/40 then break here might target 0.8670/80, while above retracement is to target 0.8800/05 then 0.8820 then 0.8840/50 and possibly 0.8860/70

Gbp/Chf This pair is trying to base on uptrend if kept a base above retracement at 1.2330 break is to 1.2200/10, while on the upside would be targetting 1.2740/50 then possibly 1.2940/50

Aud/Usd This pair is still on downtrend, trying to base above but failing, retracement at 1.0310/20 if bases above would target 1.0470/80 then possibly 1.0630/40, while below might target low price level at 1.0110/20

Gbp/Jpy This pair is still on downtrend, retracement at 125.00/10, break is to 126.00/10 then 126.60/70 then possibly 127.20/30, while low is at 124.10/20, below might retest 123.40/50

Euro/Jpy This pair is still on downtrend, retracement at 109.50/60, break is to 110.10/20 then 111.00/10, while low is at 108.50/60

Oil is trying to base on uptrend, would succeed if kept the base above 84.20/30 targetting 86.95/00, a break above here might target 92.50/60, while would target low at 79.50 if broke below 84.20/30

Gold is still on uptrend, retracement at 1750/51, break is to 1702/03 and base on downtrend, high is at 1780/81

*** It seem that Swiss National Bank had set a low price level limit for Chf pairs by intervention then the fear surrounding the idea as Bank Of Japan had done.
For example: above 0.70 for the Usd/chf, Above 1.000 for Euro/Chf & Above 1.1500 for the Gbp/Chf. How much market prices for those pairs would keep spiking upward as had done yesterday is not yet clear, especially with talks that G7 might consider intervention by many Big Central Banks as had done after Japan Big Crisis(tsunami, earthquakes, nuclear problem…), if market prices are kept at low price levels…
This movement might also be as a breath before a new collpasing cycle but what I believe is that those pairs had made its historic lows and price might keep playing in this range or spike to the upward later on as the Global Economy recover slowly in coming months, ofcourse with the help of big countries officials nad their coming economical decisons, but ofcourse not as the Fed and its Ben Genius mad decisions but as some say "maybe after anything bad there’s something good"
Maybe after Fed Chairman threw his keep low rates till Mid-2013 & unclear about QE3 besides 3 Fed Members dissents, ofcourse with SNB clear warning of low price levels and stepping in by intervention, the market had absorbed the big shock of the Fed Decision by seeing it as the worst that could happen later on… Well, maybe the wrong decision(might be seen as clever and smart later on) by the Fed Chairman showing the market the worst decision, he might have ended such collapses in the forex market and based a new era of low limit levels and a further long term uptrend basis.
Lets wait and see what coming weeks and months are hiding for us, then we’ll judge if this decison was right or not, ofcourse in terms of the long term forex market view…

We have an Important News Release today for the Dollar Currency:

US Core Retail Sales: Buy Usd/Chf & Usd/Jpy if 0.3% or above while Buy Euro/Usd & Gbp/Usd if below -0.1%

Have A Great Trading Day

wealth1on1 · August 12, 2011, 6:45pm

Hello sir, thanks for your great work, i want to ask you that can someone place a pending order at all ur short signal position, both on buy and sell position?, i also realised that you don’t talk about eur/jpy in your short signal, please try to include it.Thanks.

ForexMoneyMaker · August 13, 2011, 4:44pm

Hi Wealth,

Thank You for your compliment. Hopefuly my posts would always please all traders.

About Pending Orders for Short Term Signals, I explained this point in past posts about the very high probability % of market price hitting my Buy & Sell signals for each pair and directly reverse for 10 to 30 in few minutes and much more pips later on.
So, You can set pending orders if you can’t always or from time to time watch the market (work time or busy…) for you not to miss the opportunity but also remember to set take profit & stop loss in such case.

But there’s also a rule for this short term strategy that I advice traders using my signals to apply, which is to do not enter the market(buy or sell) if market price came close to my signal but didn’t directly hit it but few pips around then bounced down or up(if sell or buy) then retested my signal. Because at retest it might be a breakout which is the last thing that we need or it could be a false breakout which would be good or a retest of exactly my signal price which would also be good.

In general, for you to not get headeche with many possible scenarios if you didn’t follow the rule, since my signals work perfectly at first hit of market price my signal price for any pair I post, despite that it can work in the last 2 conditions I explained but this would need some cautious to not be caught in breakout situation especially in high volatility powerful 1 direction trend movements & remember that we are mostly trading against the trend, meaning we are using countertrend strategy or bounce trading strategy.

About Euro/Jpy, for lack of time I post Short term signals for the 4 major pairs(Usd/Chf, Gbp/Usd, Euro/Usd, Usd/Jpy).
But if some traders would like me to post some other pairs short term signals which they really like to trade or trade frequently then I’ll be more than happy to more help with additional info.
In Between, You can always use My Medium Term Daily Analysis for Euro/Jpy to buy or sell according to my Analysis info, as this pair low price level at … which means you buy, or high at… means you sell or as breakout stratgey or retracement…

Especially recently, you could had gained big money(after quick spike or intervention that occured many times) by always buying this pair and other yen pairs several times on dips(low price levels) or even sell at high prices.

Briefly, The following is what you like to read without further talking…lol:

I’ll post Euro/Jpy pair Short Term Signals for you & other traders who are interested in this pair trading starting from Monday.

Hopefully, You & all traders find them helpful and profitable as the others…

Enjoy your day

ForexMoneyMaker · August 14, 2011, 6:43pm

Hello Traders,

Forex Signals & Analysis for 15th August 2011:

Short Term Signals:

Usd/Chf Buy 0.7560/65, sell 0.7885/90 then 0.7910/15 then 0.8095/00

Usd/Jpy Buy 76.35/40 then 76.20/25 then 75.95/00, sell 77.05/10 then 77.25/30 then 77.45/50

Euro/Usd Buy 1.4135/40 then 1.4085/90 then 1.4020/25, sell 1.4330/35 then 1.4370/75 then 1.4445/50

Gbp/Usd Buy 1.6160/65 then 1.6105/10, sell 1.6360/65 then 1.6395/00

Euro/Jpy Buy 108.40/45 then 108.00/05 then 107.55/60, sell 109.90/95 then 110.20/25 then 110.80/85

Medium Term Daily Analysis:

Usd/Chf This pair is still on uptrend started past friday, targetting 0.8000 then possibly 0.8160/70, front support( or could turn to resistance if price based below) is at 0.7820, retracement is at 0.7660, break is to 0.7580/85

Usd/Jpy This pair is still on downtrend, low is at 76.20, retracement at 76.90/00, break is to 77.30/40 then 77.70, above here is to target 78.50/60

Gbp/Usd This pair is moving sideways but with downtrend basis, moving bt. resistance at 1.6290/00 break might target our short term sell signals, and support at 1.6260 break is to around 1.6200, a base below would target 1.6120/30

Euro/Usd This pair is moving sideways with downtrend basis, moving bt. resistance 1.4290/00 break is to 1.4340/50, then to our shoert term other 2 sell signals, and support at 1.4230/40 break is to our short term buy signals and low is at 1.4080/90

Usd/Cad This pair is still on uptrend, retracement at 0.9860/70, break is to 0.9810/15, high is at 1.0010/20

Nzd/Usd This pair is still on downtrend, but would move today bt. resistance at 0.8370/80 break is to 0.8450/60 then 0.8520/30, and support at 0.8290/00 break is to 0.8130/40 low price level

Euro/Chf This pair is still on uptrend started past friday, front support (or could turn to resistance if price based below) at 1.1170/80, retracement at 1.0910/20 break is to 1.1800/10, on the upside to target 1.1370/80 then possibly 1.1410/20

Euro/Gbp This pair is moving sideways, bt, resistance at 0.8770 break is to 0.8790/00 then 0.8820, and support at 0.8730/40 break might target low price level at 0.8770/80

Gbp/Chf This pair is still on uptrend started past friday, front support formed at 1.2740/50, above is to target 1.2920/30 then 1.2950/60, retracement at 1.2460/70 break is to 1.2360/70

Aud/Usd This pair is still on downtrend, but would move bt. resistance at 1.0420/30, break is to 1.0630/40, and support at 1.0330/40, break might target low price level at 1.0090/00

Gbp/Jpy This pair is still on downtrend, would move bt. resistance at 126.00 break is to 126.60/70 then possibly 127.10/20, and support at 125.00/10 break might target low at 124.00/10

Euro/Jpy This pair is still on downtrend, would move bt. resistance at 110.10/20 break is to 111.00/10, and support at 109.50, break might target low at 108.40/50

Gold is still on uptrend, but might change this view if based below retracement at 1745 targetting 1713/14, while high is at 1787/88

Oil is still on downtrend, would move bt. resistance at 86.00/10 break might target 91.90/00, and support at 84.70/80, break might target low at 78.70/80

Have A Great Trading Day

ForexMoneyMaker · August 15, 2011, 6:45pm

Hello Traders,

Forex Signals & Analysis for 16th August 2011:

Short Term Signals:

Usd/Chf Buy 0.7720/25 then 0.7665/70 then 0.7540/45, sell 0.80005/10 then 0.8080/85 then 0.8170/75

Euro/Usd Buy 1.4250/55 then 1.4160/65 then 1.4075/80, sell 1.4560/65 then 1.4615/20

Gbp/Usd Buy 1.6255/60 then 1.6195/00 then 1.6135/40. sell 1.6465/70 then 1.6505/10

Usd/Jpy Buy 76.45/50 then 76.30/35 then 76.05/10, sell 77.15/20 then 77.35/40 then 77.60/65

Euro/Jpy Buy 109.55/60 then 108.90/95, sell 111.65/70 then 112.00/05 then 112.95/00

Gbp/Jpy Buy 125.00/05 then 124.55/60, sell 126.40/45 then 126.60/65 then 127.25/30

Medium Term Daily Analysis:

Usd/Chf This pair is still on uptrend despite many sell orders triggered around psycological resistance 0.8000 price level that needs something(as intervention) more than only talks or verbal warnings by SNB to be broken then based above,
but still basing above front support at 0.7800 today, retracement at 0.7740/50, break is to 0.7600/10, while high is found at retest of 0.80000 break is to our other 2 sell signals for this pair.

Usd/Jpy This pair is still stuck in downtrend in tight price range with talks that BOJ might not intervene until below or around the 76.00 is hit, especially that other yen pairs had boosted & based above low price levels.
retraceemnt is at 76.90, break is to 77.30/40 ten 77.55/60, above is to target 78.30/40, while low is at 76.10/15

Gbp/Usd This pair is still moving sideways, opened on uptrend channel today after yesterday boost by Bad US Data News Release that was more bad than expected or forecasted, could had been a 2 sword market reaction as dollar powering(due to more bad than expected) as had been in some other situations but the market decided to weaken the dollar maybe due to big shock that economy is still in weakness in many categories.
According to my Analysis, market is just keeping this pair in recent sideways price movements with Crucial UK News Releases coming out today & tommorow, so this is just a defensive move for this pair to not collapse too much after expected bad coming UK News, meaning selling near 1.6400 would not lead this pair to dramatic weakness as selling around 1.6200 price level, with around 200 pips defensive price range had been formed.
So next fall if occured could be to the 1.6100 or little above level instead of 1.6000 or much below…
Today Retracement is at 1.6310/20, break is to 1.6260/70 then possibly 1.6210/20, while high is at 1.6470/80

Euro/Usd This pair is also on uptrend with overall sideways movement, with same scenario of defensive high price level before another disssapointment appear in the EuroZone if oocur and lead to another fall again, since US Data for yesterday was bad but not that crucial news release as others(NFP, CPI…) to lead to such huge boost of 200 pips for this pair.
Today high is at 1.4520/30, retracement at 1.4350/60 break is to 1.4310/20 then possibly 1.4270/80

Usd/Cad This pair is moving sideways, with possibility of downtrend start if based below 0.9820/30 targetting trio strong support levels at 0.9680/85 then 0.9660/65 then 0.9630/40, while on upside is to target 0.9890/00 then 0.9940/50

Nzd/Usd This pair moving sideways, below 0.8310/20 is to target 0.8240/50 then 0.8210/20 then possibly toward 0.8150/60, while above 0.8340/50 is to 0.8390/00 then 0.8440/50

Euro/Chf This pair is still on uptrend, front support at 1.1160/70, retracement at 1.1110/20, break is to 1.0860/70, while on the upside is to target 1.1520/30 then 1.1620/30 and possibly 1.1780/90

Euro/Gbp This pair is still moving sideways, but with uptrend channel basis above retracement at 0.8790 break is to 0.8770 then 0.8750, would face resistance at 0.8820, break is to 0.8835/40 then must hold at 0.8860/70

Gbp/Chf This pair is still on uptrend, front support at 1.2720/30, retracement at 1.2640/50 break is to possibly target 1.2410/20, while on the upside might target 1.3060/70 then 1.3160/70 then possibly 1.3300/10

GbpJpy This pair is moving sideways, above resistance at 126.00/10 is to target 126.50/60 then possibly 127.20/30, and support at 125.50 below might target low at 124.00/10

Euro/Jpy This pair is moving sideways, bt. resistance at 111.00/05 break is to 111.60/70 then 112.00/05 and possibly 112.95/00, and support at 110.30/40 break might target low at 109.50 then possibly low at 108.50/60

Aud/Usd This pair is basing on uptrend above retracement at 1.0400/10 targetting strong resistance starting with 1.0635/40 ending at 1.0670/80, while below retracement is to target 1.0360/65 then 1.0290/00 and possibly 1.0230/40
Take Close focus at Aussie “Monetary Policy Meeting Minutes” that would surely mainly effect the currency and this pair.

Gold is still on uptrend, high is at 1804/05, retracement at 1755/56, break is to 1725/26

Oil is basing on uptrend, above retracement at 86.10/20 targetting 91.20/50 while below retracement is to target 0.8560/70 then break is to 84.30/40 then 84.00 must mainly hold

We have an Important News Release today for the Sterling Currency:

UK CPI: Buy Gbp/Usd if 4.5% or above while sell if 4.1% or below

Have A Great Trading Day

ForexMoneyMaker · August 16, 2011, 6:08pm

Hello Traders,

Forex Signals & Analysis for 17th August 2011:

Short Term Signals:

Usd/Chf Buy 0.7785/90 then 0.7700/05, sell 0.8045/50 then 0.8085/90

Usd/Jpy Buy 76.60 then 76.50 then 76.35/40, sell 76.95/00 then 77.05/10 then 77.20/25

Euro/Usd Buy 1.4325/30 then 1.4290/95 then 1.4230, sell 1.4485/90 then 1.4525/30 then 1.4585/90

Gbp/Usd Buy 1.6320/25 then 1.6260/65 then 1.6200/05, sell 1.6535/40 then 1.6570/75 then 1.6665/70

Medium Term Daily Analysis:

Usd/Chf This pair is still on uptrend, retracement at 0.7840/50, break is to 0.7790/00, below would target 0.7640/50, while on the upside would target our short term sell signals

Usd/Jpy This pair is still on downtrend, very tight daily price range for this pair, retracement at 76.80/90, break is to 77.25/30 then 77.45/50, above is to target 78.10/20, on the downside low is at 76.00/10

Gbp/Usd This pair is still moving sidways but with uptrend basis, exactly had hit retracement at 1.6310/20 then boosted to the upward to target exactly our high price level for yesterday at 1.6470/80, this level is a very crucial resistance that had been formed in previous 2 months and within many days.
Just some hours from UK MPC Meeting Minutes, there’s a possibility of again collapsing from this level or breaking this level according to this news release.
Retracement is at 1.6380/85, break is to 1.6320/30, then below would target 1.6220/30 and low is at 1.6170/80, while hihg is at 1.6490/00, above is to our short term sell signals

Euro/Usd This pair is still moving sideways but with uptrend basis, retracement is at 1.4360/70 break is to 1.4310/20 then 1.4280/85 then 1.4260, below here would extend weakness, while high is at 1.4520/30

Usd/Cad This pair based again on downtrend below 0.9830/40, targetting 0.9680 then 0.9660 then 0.9640/50, while above 0.9850 is to target 0.9880/90 then 0.9910/20 then 0.9950/60

Nzd/Usd This pair is moving sideways, above 0.8320 might target 0.8500, while below might target 0.8140/50 then possibly 0.8100/10

Euro/Chf this pair is still on uptrend, retracement is at 1.1260/70, break is to 1.1160/70, below is to target 1.0920/30, while on the upside would target 1.1620 then 1.1690 then possibly 1.1890/00

Euro/Gbp This pair is still moving sideways, bt. resistance at 0.8760/70 break is to 0.8785/90 then 0.8820 then 0.8860 must hold, and support at 0.8750 break is to 0.8700/10 then 0.8670/80

Gbp/Chf This pair is still on uptrend, retracement is at 1.2840/50, break is to 1.2730/40 then possibly 1.2470/80, while on the upside would target 1.3280/90 then 1.3360/70 and possibly 1.3630/40

Aud/Usd This pair is still moving sdieways but on uptrend basis, after holding above yesterday retracement at 1.0400/10, basing today above retracement at 1.0430/40 break is to 1.0370/80, below is to target 1.0310/20

Gbp/Jpy This pair is trying to base on uptrend, above 126.00/10 to target 126.50/60 above here is to target 126.90 then 127.10/20 then possibly 127.90/00, while below 126.00/10 is to target 125.80/85 then below is to target 125.30/40 then 124.80/90 and possibly 124.40/50

Euro/Jpy This pair have same scenario, above 110.30/40 to target 110.90/00, break is to 111.20/30 then 111.50/60 then possibly 112.00/05, while below 110.30/40 is to target 109.90/00 then 109.60/70 and possibly 109.10/20

Oil is still basing on uptrend above retracement at 86.40 targetting 90.90/00, below retracement is to target 85.10/20 then 84.50/60 then 83.50/55

Gold is still on uptrend, high is at 1822/23, retracement at 1770/71, break is to 1740/41

We have a Very Important News Release today for the Sterling Currency:

UK MPC Meeting Minutes: Buy Gbp/Usd if 3 Vote for Hike, while sell if 2 Vote for QE

Have A Great Trading Day

ForexMoneyMaker · August 17, 2011, 8:01pm

Hello Traders,

Forex Signals & Analysis for 18th August 2011:

Short Term Signals:

Usd/Chf Buy 0.7775/80 then 0.7715/20 then 0.7615/20, sell 0.8040/45 then 0.8105/10 then 0.8195/00

Usd/Jpy Buy 76.30 then 76.15/20 then 75.90/95, sell 76.85/90 then 77.00/05 then 77.20/25

Euro/Usd Buy 1.4290/95 then 1.4225/30 then 1.4130/35, sell 1.4550/55 then 1.4610/15

Gbp/Usd Buy 1.6340/45 then 1.6245/50 then 1.6150, sell 1.6675/90 then 1.6735/40

Euro/Jpy Buy 109.60/65 then 109.20/25, sell 111.25/30 then 111.60/65

Gbp/Jpy Buy 125.25/30 then 124.55/60, sell 127.60/65 then 128.00/05

Medium Term Daily Analysis:

Usd/chf This pair is still on uptrend, retracement at 0.7850/55 break is to 0.7770/80, below would target 0.7660/70, while on the upside would target our short term sell signals

Usd/Jpy This pair is still on downtrend, retracement is at 76.70, break is to 77.00/05 then 77.35/40 above would target 78.00, while low is at 75.90/00

Euro/Usd This pair still moving sideways with uptrend basis, high is at 1.4530/40, retracement at 1.4390/00, break is to 1.4310/20 then 1.4260/70, below here would extend weakness

Gbp/Usd This pair still moving sideways with uptrend basis, looking to reverse filtering below 1.6550, but if broke above might target our short term sell signals, retracement at 1.6450/60, break is to 1.6350/60 then below here would target 1.6260/70

Usd/Cad This pair is still moving sideways but with downtrend basis, below retracement at 0.9820 targetting 0.9690/00 then 0.9640/50, break above retracment is to 0.9840/50, above is to target 0.9880 then 0.9910/20

Nzd/Usd This pair still moving sideways with uptrend basis, above retracement at 0.8340/50 targetting 0.8490/00, while below retracement would target 0.8310/20 then a base below is to 0.8290/95 then 0.8250/60 nad possibly 0.8200

Euro/Chf This pair is still on uptrend, retracement at 1.1290/00, break is to 1.1140/50, below would target 1.0980/90, while on the upside is to target 1.1620 then 1.1720/30 and possibly 1.1890/00

Euro/Gbp This pair still moving sideways with downtrend basis, retracment at 0.8740/50 break is to 0.8770/80, above would target 0.8810/20, while low is at 0.8660/70

Gbp/Chf This pair is still on uptrend, retracement at 1.2910/20, break is to 1.2710/20 then below would target 1.2540/50, while on the upside to target 1.3320/30 then 1.3440/50 then possibly 1.3660/70(possible if intervention occur by SNB)

Aud/Usd This pair still moving sideways with uptrend basis, retracement at 1.0480/90, break is to 1.0390/00, while on the upside to taregt 1.0650/60, a base above would extend gains

Gbp/Jpy This pair still moving sideways with uptrend basis, above front support at 126.50 to target our short term sell signals, while retracement at 126.00/10. break is to our short term buy signals

Euro/Jpy This pair is still moving sideways, between resistance at 110.80/90, a base above is to our short term sell signals while below support at 110.30/40 is to target our short term buy signals

Oil still on uptrend, above rertacement at 86.90/00 targetting 90.40/50, while below is to target 85.20/30 and low is at 78.20/30

Gold is still on uptrend, retracement at 1778/79, break is to 1755, while high is at 1833/34

*** The Sterling Currency moved crazily yesterday, started normally with a collapse of around 100 pips after UK MPC Meeting Minutes bad data(from previously 2 voting for hike and 7 for hold current rates at 0.5%, to now 9 voting for hold at 0.5%), besides superbad Claimant Count Change & Unemployment news releases that came out as very bad from 7.7% to 7.9%.
But with all this bad picture of news releases for the sterling, this currency and mainly the Gbp/Usd surprisly boosted up around 200 pips, instead of normally with such bad conditions collapsing down as no pair have ever collapsed before…LOL
Even if some traders are waiting for today Retail News Release, dreaming of good data as also had been happening in past months for every MPC Meeting Minutes, the sterling powers in advance before data comes out due to illussions that MPC would raise rates and still nothing is becoming reality but only fantasies by some traders. Gbp/Usd spikes up to a degree that even any collapse that would occur afterwards with bad data release would not really drag this pair too much downward.

A clear Question to be asked, even if in best cases retail sales data today came out as good or even best, what about MPC 9 voting for Hold from 7 voting for hold and 2 for hike previously that might lead in next MPC Meeting Minutes to some voting for QE, with also bad unemployment badly at 7.9% from 7.7%, all these are not important but the nonsense retail sales(compared to the other 2 news releases), is this logical ?!! can someone help me understand…LOL

As I explained in previous posts that this pair is playing a defensive game, raising to the upward so any collapse later on would not drag it too much down, also being helped by a weak dollar and Chf weak situation(possible intervention by SNB who would mainly target a higher price for Euro/Chf in such movement), so some traders prefer turning from buying the Swissie to buying the Sterling & Euro with fears of weak US economic continuation and the Fed’s Madness with possible QE3.

Anyway, these are such non understanding factors, unrealistic moves that occur sometimes in the forex market and we must always be ready for by protecting our take profit without being greedy and cutting our losses according to the situation we face as quick reversal appearing.

We have Important News Releases today for the Sterling & Dollar Currencies:

UK Retail Sales: Buy Gbp/Usd if 0.5% or above while sell if 0.1% or below
US Core CPI: Buy Usd/Chf & Usd/Jpy if 0.3% or above while Buy Euro/Usd & Gbp/Usd if 0% or below
US Existing Home Sales: Buy Usd/Chf & Usd/Jpy if 5.10M or above while Buy Euro/Usd & Gbp/Usd if 4.70M or below

Have A Great Trading Day

ForexMoneyMaker · August 19, 2011, 12:45am

Hello Traders,

Forex Signals & Analysis for 19th August 2011:

Short Term Signals:

Usd/Chf Buy 0.7840/45 then 0.7795/00 then 0.7735/40, sell 0.8020/25 then 0.8060/65 then 0.8130/35

Usd/Jpy Buy 76.35/40 then 76.30 then 76.15/20, sell 76.95/00

Gbp/Usd Buy 1.6405/10 then 1.6360 then 1.6300/05, sell 1.659/95 then 1.6630/35

Euro/Usd Buy 1.4220/25 then 1.4170/75 then 1.4070/75, sell 1.4465/70 then 1.4530/35

Euro/Jpy Buy 108.80/85 then 108.40/45 then 107.55/60, sell 110.80/85 then 111.35/40

Gbp/Jpy Buy 125.50/55 then 125.10/15 then 124.60/65, sell 127.10/15 then 127.40/45

Medium Term Daily Analysis:

Usd/Chf This pair is still on uptrend, retracement at 0.7890/00, break is to 0.7760/70 then 0.7690/00, on the upside would target our short term sell signals

Usd/Jpy This pair is still on downtrend, low is at 75.90/00, retracment at 76.70, break is to 76.85/95, then to 77.25/30, above is to target 77.85/90

Euro/Usd This pair might start downtrend if bases below 1.4310 to target 1.4260/70, break here would extend weakness to our short term buy signals, while a base above 1.4310 is to taregt 1.4345/50, then a break above 1.4360 might target our short term sell signals and high is at 1.4520/30

Gbp/Usd This pair is still on uptrend basis, retracment at 1.6460 break is to 1.6360 then below would target 1.6260/70, while high is at 1.6550/60

Usd/Cad This pair is still moving sideways but based on uptrend, above retracement at 0.9860/70, targetting 1.0000 then possibly 1.00060, while a break below retracement would target 0.9720/30

Nzd/Usd This pair is on downtrend basis, retracement at 0.8270/80, break is to 0.8340/50 and high is at 0.8460, on the downside is to taregt 0.8150/60, below would extend weakness and might target low at 0.8030/40

Euro/Chf This pair is still on uptrend, retracement at 1.1320/30, break is to 1.1120/30the possibly toward 1.1020/25 while on the upside might target 1.1600/10 then possibly 1.1885/90

Euro/Gbp This pair is on downtrend basis, had hit our low target at 0.8660/70 for yesterday then moved upward, today retracement is at 0.8710/20 break is to 0.8740/50 then 0.8770, low is at 0.8640/50

Gbp/Chf This pair is still on uptrend, retracement at 1.2990/00, break is to 1.2700/10 then if breaks possibly toward 1.2600, while on the upside would target 1.3285/90 then 1.3360/70 if broke above 1.3160 then 1.3200/10

Aud/Usd This is still moving sideways but on the verge of basing on downtrendm if bases below 1.0380 targetting 1.0270/80 then 1.0220/30 then possibly 1.0100, while above resistance at 1.0400/10 would target 1.0590/00

Gbp/Jpy This pair is still moving sideways, but might base on downtrend if bases below 125.70 targetting 124.10/20, while above 126.00/10 is to target 126.40 then 126.70/80, above here is possibly to target 128.00/10

Euro/Jpy This pair moving sideways but based on downtrend, below 109.95/00, targetting low at 108.40/50, while above 110.00 is to target 110.60/70 above is to 111.00/10

Gold is still on uptrend, high is at 1859/60, retracement at 1806/07, break is to 1776/77

Oil reversed to downtrend, below retracment at 84.00/10, possibly targetting low at 76.70/80, while above retracement is to 87.10/20

We have an Important News Release today for the Canadian Dollar Currency:

CAD Core CPI: Buy Usd/Cad if 0% or below while sell if 0.4% or above

Have A Great Trading Day

ForexMoneyMaker · August 21, 2011, 8:43pm

Hello Traders,

Forex Signals & Daily Analysis for 22nd August 2011:

Usd/Chf Buy 0.7755/60 then 0.7715/20 then 0.7625/30, sell 0.7965/70 then 0.8020/25 then 0.8085/90

Euro/Usd Buy 1.4240/45 then 1.4170/75 then 1.4090/95, sell 1.4505/10 then 1.4560/65

Usd/Jpy Buy 75.75/80 then 75.45/50, sell 77.15/20 then 77.50/55 then 78.00/05

Gbp/Usd Buy 1.6370/75 then 1.6330/35 then 1.6220/25, sell 1.6610/15 then 1.6680/85

Gbp/Jpy Buy 125.35/40 then 125.05/10, sell 126.85/90 then 127.25/30 then 127.70/75

Euro/Jpy Buy 109.05/10 then 108.55/60, sell 110.75/80 then 111.05/10 then 111.85/90

Medium Term Daily Analysis:

Usd/Chf This pair is still on uptrend, retracement at 0.7860/70, break is to 0.7750/60 then 0.7720, while on the upside would target our short term sell signals

Usd/Jpy This pair is trying to reverse and base above 76.70 targetting 77.20, above would confirm the uptrend targetting oour other 2 short term sell signals, while below 76.70 is to retest friday & today’s low price level at 75.90/00

Euro/Usd This pair is still moving sideways with uptrend basis, high is at 1.4520/30, break of 1.4360 is to 1.4340 then 1.4310/20, below is to target 1.4260/70, below here would extend weakness to our short term buy signals

Gbp/Usd This pair is still moving sideways with uptrend basis, high is at 1.6560/70, a base below 1.6460 is to target 1.6370/80, break is to 1.6280/90

Usd/Cad This pair is on uptrend basis, above retracement at 0.9880 targetting 1.000 then to as high as 1.0070/80, while break of retracement is to 0.9850/60 then below might target 0.9740/50

Nzd/Usd This pair is on downtrend, retracement at 0.8230/40 break is to 0.8270/80 then to 0.8340/50, while a base below 0.8160 might target as low as 0.8000

Euro/Chf This pair is still on uptrend, retracement at 1.1290, break is to 1.1100/10 then 1.1070/80, while on the upside is to target 1.1400/10 then 1.1450/60 then 1.1510/20

Euro/Gbp This pair is still on downtrend basis, retracement at 0.8725, break is to 0.8745/50 then 0.8765/70, abive might target 0.8810/20, while low is at 0.8650/60

Gbp/Chf This pair is still on uptrend, retracement is at 1.2950/60, break is to target 1.2870/80, below is to 1.2690/00 then 1.2640/50, while on the upside to target 1.3100/10 then 1.3190

Aud/Usd This pair is on downtrend basis, retracement at 1.0390/00, break might target 1.0570/80 then to hiold at 1.0630/40, while on the downside to target 1.0280/90 then 1.0230/40 then possibly toward 1.0150/60

Euro/Jpy This pair is still moving sideways, with uptrend basis above retracmeent at 111.00/10 but would face resistance at 111.50/60 break is to our short term sell signals, while below retracement might target our short term buy signals

Gbp/Jpy This pair is still moving sideways but with uptrend basis, above retracement at 126.20/25 targetting our short term sell signals while below might target our short term buy signals

Oil is still on downtrend, retracement at 83.00/10 break is to 84.20/30 above here might target as high as 88.30/40, while low is at 76.50/60

Gold is still on uptrend, high is at 1883/84 above would extend trend power toward 1889/90 then 1906/07 & possibly to 1934/35, retracement is at 1833/34 break is to 1792/93

*** This week would mainly start with continuation of sideways market movement(unless big shock or crucial news comes out as a suprise) as had been for past week with all waiting for “Jackson Hole Symposium” starting on thursday and most importantly is on friday Fed Chairman Bernanke(Mr. Ben Genius as you know) talks who all traders are waiting to see if he’ll announce QE3 or not and what the dollar currency destiny would be after that date?!!

Have A Great Trading Day

ForexMoneyMaker · August 22, 2011, 6:42pm

Hello Traders,

Forex Signals & Analysis for 23rd August 2011:

Short Term Signals:

Usd/Chf Buy 0.7840/45 then 0.7810/15 then 0.7785/90, sell 0.7930/35 then 0.7945/50 then 0.7990/95

Usd/Jpy Buy 76.35/40 then 76.15/20 then 75.80/85, sell 77.25/30 then 77.50/55 then 77.80/85

Euro/Usd Buy 1.4310/15 then 1.4290/95 then 1.4235/40, sell 1.4430/35 then 1.4465/70 then 1.4495/00

Gbp/Usd Buy 1.6400/05 then 1.6380/85 then 1.6330/35, sell 1.6520/25 then 1.6550/55 then 1.6585/90

Euro/Jpy Buy 109.70/75 then 109.45/50 then 108.90/95, sell 110.95/00 then 111.30/35 then 111.65/70

Gbp/Jpy Buy 125.65/70 then 125.35/40, sell 127.30/35 then 127.75/80

Medium Term Daily Analysis:

Usd/Chf This pair is still on uptrend, retracement is at 0.7880, break is to 0.7790/00 then 0.7750/60, while on the upside to target our short term sell signals

Usd/Jpy This pair is still basing on uptrend from yesterday after again opening today above 76.70, targetting 77.15/20, above would target our short term sell signals, while below might target low at 75.80/90

Euro/Usd This pair is still moving sideways, bt. resistance at 1.4370 break might target high at 1.4490/00, and support at 1.4330, break might target 1.4300 then 1.4280/90, below would extend weakness

Gbp/Usd This pair is still moving sideways, bt. resistance at 1.6470, break might target high at 1.6560/70, and support at 1.6390, break is to 1.6360/70 then 1.6300/10

Usd/Cad This pair is still basing on uptrend, above retracement at 0.9880 break is to 0.9860, a base below might target 0.9760/70, while on the upside to target 0.9950/55 then 0.9970/75 then if broke above 1.0000 to possibly target 1.0025/30

Nzd/Usd This pair is still on downtrend, retracement at 0.8245/50, break is to 0.8270 then above would target 0.8345/50 then possibly toward 0.8410/20, while low is at 0.8000 if first broke 0.8160/70 price level

Euro/Chf This pair is still on uptrend, retracement at 1.1320, break is to 1.1170/80 then possibly toward 1.1090/00, while on the upside to target 1.1415/20 then 1.1445/50 then possibly toward 1.1510/15

Euro/Gbp This pair is still on downtrend, retracement at 0.8730, break is to 0.8745/50, then 0.8760/70, a base above here might target 0.8810/20, while low is at 0.8660/70

Gbp/Chf This pair is still on uptrend, retracement at 1.2970/80, break is to 1.2770/80 then possibly toward 1.2680/90, while on the upside to target 1.3065/70 then 1.3100/05 then possibly toward 1.3170/75

Aud/Usd This pair is still basing on downtrend below retracement at 1.0410/20, break is to 1.0540/50 then a break above is to possibly target 1.0630/40, while on the downside to target 1.0335/40 then 1.0300/05 then possibly toward 1.0240/45

Euro/Jpy This pair is still moving sideways with uptrend basis, resistance is at 110.40/50, break is to our shirt term sell signals, and support at 111.00, break might target low at 108.80/90

Gbp/Jpy This pair is still moving sideways with uptrend basis, above retracement at 126.30 targetting our short term sell signlas while below would target support at 125.70/80, break is to target 125.30/40

Gold is still on uptrend, high is at 1916/17, above would target 1926/27 then possibly toward 1954/55, retracement at 1866/67, break is to target 1811/12

Oil is still on downtrend, but today squeezed bt. resistance at 84.90 break is to 87.80/90 then possibly toward 89.40/50, and support at 83.90/00, break is to target 81.30/40 then 79.80/90 then possibly toward 78.50/60

We have 2 Important News Releases today for the Canadian Dollar & the Dollar Currencies:

CAD Core Retail Sales: Buy Usd/Cad if 0.1% or below while sell if 0.5% or above
US New Home Sales: Buy Usd/Chf & Usd/Jpy if 320K or above while Buy Euro/Usd & Gbp/Usd if 300K or below

Have A Great Trading Day

ForexMoneyMaker · August 23, 2011, 7:22pm

Hello Traders,

Forex Signals & Daily Analysis for 24th August 2011:

Short Term Signals:

Usd/Chf Buy 0.7850/55 then 0.7820/25 then 0.7790/95, sell 0.7960/65 then 0.7980/85 then 0.8030/35

Euro/Usd Buy 1.4330/35 then 1.4280/85 then 1.4215/20, sell 1.4530/35 then 1.4575/80

Usd/Jpy Buy 76.30/35 then 76.20/25 then 75.95/00, sell 76.95/00 then 77.10/15 then 77.35/40

Gbp/Usd Buy 1.6410/15 then 1.6375/80 then 1.6305/10, sell 1.6585/90 then 1.6630/35

Gbp/Jpy Buy 125.85/90 then 125.65/70 then 125.20/25, sell 127.00/05 then 127.30/35 then 127.65/70

Euro/Jpy Buy 109.90/95 then 109.55/60 then 109.10/15, sell 111.30/35 then 111.60/65 then 112.15/20

Medium Term Daily Analysis:

Usd/Chf This pair is still on uptrend, retracement at 0.7900, break is to 0.7860 then below to target 0.7740/50, while on the upside to target our short term sell signals

Gbp/Usd This pair is still moving sideways, below 1.6480/85 is to target 1.6430/35 then 1.6370/80 and possibly toward 1.6310/20, while high is at 1.6580/90

Usd/Jpy This pair is moving sideways, below 76.70 might target low at 75.80/90 with support of our short term buy signals on the way down, while above 76.70 is to target 77.05/10, above is to 77.40

Euro/Usd This pair is still moving sideways, below 1.4410 is to target 1.4370/75 then below is to 1.4300/10, while high is at 1.4510/20

Usd/Cad This pair is still moving sideways but with uptrend basis, above retracement at 0.9875 break is to 0.9850/60, below might target 0.9780/90, while on the upside to target 0.9915/20 then 0.9935/40 then 0.9965/70

Nzd/Usd This pair still moving sideways but with uptrend basis today, above retracement at 0.8300 break is to 0.8170/80, high is at 0.8400/10, if broke above might target 0.8460 and hold.

Euro/Chf This pair is still on uptrend, retracement at 1.1380 break is to 1.1300 then below is to target 1.1090/00, while on the upside to target 1.1505/10 then 1.1540/45 and possibly toward 1.1625/30

Euro/Gbp This pair is moving sideways, above 0.8760/70 might target 0.8810/20, while below is to target 0.8740, break is to 0.8700, below here would target 0.8660/70

Gbp/Chf This pair is still on uptrend, retracement at 1.3020, break is to 1.2910/20, below is to possibly target 1.2680/90, while on the upside to target 1.2120/25 then 1.3150/55 and possibly toward 1.3215/20

Aud/Usd This pair is moving sideways, above 1.0530 is to target 1.0630/40, while below is to target 1.0470/80 then 1.0440/50 then possibly toward 1.0380/90

Euro/Jpy This pair is still on uptrend basis, retracement at 110.35/45, break is to 110.20 below might target low at 108.90/00, while high is at 111.70/80

Gbp/Jpy This pair is still on uptrend basis, retracement at 126.30 break is to 126.00, below might target our short term buy signals for this pair

Gold collapsed down from uptrend with some buyers taking profit at reasonable very overbought price level, today facing resistance at 1841/41, break might again rise it to high at 1908/09, while kept below resistance is to target 1808/09, a base below might target another collapse toward 1741/42

Oil reversed to uptrend basis targetting 87.20/30, above is to 87.45 then 88.20/25 and possibly toward 90.00/05, retracement at 85.30/40 break is to 84.80/90, below would target 83.35/40 then 82.15/20 then 81.00/05

*** For new traders introduced to my Forex Signals & Analysis, who would like to discover the profitability of the Short & Medium Term Daily Signals & Analysis, simply compare market prices at end of day or next day to my post info, because of lack of time for me to always give light to each pair successful gains of my previous day posts contents.
Always look for breakout, retracement, low, high price levels opportunities with my Medium Term Daily Analysis if you hadn’t start the trend from the beggining or in current sideways market price movements. And much easier for my Short Term Signals to buy or sell according to my signal prices taking in consideration my rule for this stratgey(Read first posts).

I am recently posting my Forex Signals & Analysis Info in first few hours of a new day(around 2 to 3 hours after a new daily candle open), for daily traders who rely on bigger profits mainly using retracement, breakout, trend or even low & high (if market price is near there at open of new daily candle) strategies to better execute their orders at best prices(start of trend, breakout or bounce from retracement) at low volatility market before volatility becomes much high in later hours which results after in successful breakout, retracement… strategy results

Hopefully that is helping traders by giving them much more time to prepare their strategies & executions for the day.

Have A Great Trading Day

gtjy1982 · August 24, 2011, 8:23am

Sir I am just new into forex and i am only considering majors and oil … Ur posts are really helpful thanks for that… will really be greatful if u express the post as when to buy and when to sell particularly for oil and gold

ForexMoneyMaker · August 24, 2011, 7:58pm

Hi gtjy1982(didn’t find another respective name to call you…LOL),

First of all, Thank You for the Nice Compliment.

About Oil & Gold trading, you use same Medium Term Strategy as with the 12 forex pairs I post.

For Example: if any pair or Gold & Oil is on uptrend, you buy at retracement while sell at retracement if on downtrend, you buy at low price level and sell at high price level. While for breakout you buy or sell according to the price signal I give for each pair or Oil & Gold.
But you might take in consideration not to be caught in false breakout or even break of retracement, for the first you must wait for market price to base below breakout price by some pips as 10 pips to enter the market while mainly in retracement situation market price would directly bounce at least 10 pips after hitting retracement price level for any pair or Gold or Oil, so you’ll have much time to judge the situation.

For trend traders, you wait for any pair or Gold or Oil to start a trend movement(I mention in my daily posts) to enter a buy or sell order according to an up or downtrend start…
A small tip is to not directly enter a sell or buy order after a start of new trend(new daily candle open if a huge bearish or bullish candle had been formed from the previous day because mainly market price would retrace a little before continuing the trend movement, so you might save some good pips lets say as 20 pips or sometimes more which is done by entering a sell order at a higher price for downtrend or buying lower for uptrend, or simply enter at start of new daily candle if you find yourself can’t judge the situation.

Some traders play the breakout strategy rule wrongly as they directly enter an order once the breakout price level is hit and set stop loss as 50pips, but this is surely a gambling trading, because after market price hit a breakout price level which is also a resistance or support level, market price would directly bounce before retesting this level again, so if in worst case a trader want to gamble with breakout strategy, he or she can sell or buy after the bounce which would put them in a around 20 pips area above resistance or support level so more minimizing risk and SL pips if breakout didn’t succeed later on.
For example: if support(also can turn out to be a breakout level later on) is at 1.4200 for Euro/Usd pair, you do not enter a sell at that price once market hit that level(first contact) but wait for a bounce for around 20 pips(as sell at 1.4220) to enter a trade if you see that the downtrend is powerful or simply wait market price to break that level(1.4200) then enter a sell once the market price bases below(around 10 pips).
You’ll know well if it’s basing below when you well learn price action strategy. Many times it’s not that a headeche, easily you enter a trade after a breakout of that level, same is used for resistance level but ofcourse a buy order is set in such case…

Example of breakout strategy for Gold was just proved yesterday(read previous post), like Gold facing resistance at 1841 so you can sell at this price, also I said if kept below resistance would target 1808/09, you can take profit here if sold at 1841, or keep order open till the other take profit target at 1741/42, or if hadn’t sell at 1841 you can still sell at 1808/09 taking profit at 1741/42.

Some traders do not like to wait long till exact take profit price levels and prefer to TP at their preplanned strategy TP as 30 or 50 or ?? pips…
This is up to the trader desire and plan, ofcourse to be a real trader you must adapt to fixed TP as well as SL(according to price levels not number of pips) but some traders see good money running in their accounts,
so they prefer taking it instead of waiting longer with fear of reversal happening…this is mainly a forex begginer thinking but some few times they might appear be right.

***This post is also directed to all traders not only the person asking the question, so all traders must take these info as a lesson for better overall trading decisions.

Good Luck & Enjoy your day

ForexMoneyMaker · August 24, 2011, 8:04pm

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

ForexMoneyMaker · August 25, 2011, 7:22pm

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 keot 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