Hi Traders,
Forex Signals & Analysis for the 14th September 2011:
Short Term Signals:
Usd/Chf Buy 0.8725/30 then 0.8680/85 then 0.8625/30, sell 0.8890/95 then 0.8930/35 then 0.8985/90
Usd/Jpy Buy 76.65/70 tahen 76.50/55 then 76.25/30, sell 77.25/30 then 77.40/45 then 77.60/65
Euro/Usd Buy 1.3540/45 then 1.3475/00, sell 1.3785/90 then 1.3835/40 then 1.3935/40
Gbp/Usd Buy 1.5715/20 then 1.5690/95 then 1.5625/30, sell 1.5865/70 then 1.5905/10 then 1.5950/55
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.8760/65, break is to 0.8480/90, while high is at 0.9000
Usd/Jpy This pair is on downtrend basis today but Generally moving sideways, low is at 76.20/30, above 76.95/00 is to target 77.10/15, above is toward high at 77.60/70
Euro/Usd This pair is still on downtrend, low is at 1.3570/80, retracement at 1.3720/30, break is to target 1.3920/30
Gbp/Usd This pair is still on downtrend, low is at 1.5690/00, retracement at 1.5835/40, break is to 1.5965/70
Usd/Cad This pair is on downtrend basis today after past 2 days big bearish candles, below 0.9880/90 targetting 0.9790/95 then 0.9765/70 then 0.9680/85, while above would target high at 0.9970/80
Nzd/Usd This pair is still on downtrend, low is at 0.8090/00, retracement 0.8235/40, break is toward 0.8300/10 then 0.8335/40 must hold
Euro/Chf This pair is still on uptrend, retracement is at 1.2020/25, break is to 1.1900/05, while high is at 1.2350/60
Gbp/Chf This pair is still on uptrend, retracement at 1.3870/80, break is to 1.3550/60 while high is at 1.4210/20
Euro/Gbp This pair is trying ot break upward, retracement at 0.8660/65 a base above is to target 0.8710/20 then 0.8750/60, while low is at 0.8590//0
Aud/Usd This pair is still on downtrend, low is at 1.0250/60, retracement at 1.0370/80 break is to 1.0470/80
Euro/Jpy This pair is still on downtrend, low is at 104.95/00, break is toward 104.25/30 then possibly 103.80/85, while retracement is at 105.70/80 break is to 107.40/50
Gbp/Jpy This pair is still on downtrend, low is at 121.30/35, break is toward 120.75/80 then possibly 120.45/50, retracement is at 122.00/10 break is to target 123.20/25 then possibly toward 124.50/60
Oil is still moving sideways with uptrend basis, targetting high at 91.60/70 break would power an uptrend toward 92.10/15, while retracement at 88.95/00 break is to 87.95/00 then 86.70/75, below here would change trend direction
Gold is still on downtrend, below retracement at 1835 break is to 1851 above would change trend direction toward 1860/61 then 1873/74, while kept below would target 1793/94 then 1774/75 and possibly 1754/55
We have an Important news release today for the Dollar Currency:
- US Core Retail Sales: Buy Usd/Chf & Usd/Jpy if 0.4 or above while Buy Euro/Usd & Gbp/Usd if 0% or below
***The risk aversion game is still played with powerful yen and dollar currencies while CHf had been removed of named safe haven currency after SNB previous action.
What is now happening is yen is still powerful but the other play is occuring bt. the Dollar and Euro whihc would take the powerful side with the yen.
Besides, as the yen is lessening power from time to time the money is going again to the Chf and this is giving some breath for yen pairs making them retrace from current historic lows with the help of Euro/Usd recovery after had hit possible reversal price level at 1.3490/00.
Euro currently powering or at least back to normal or sideways movement due to talks of China buying Italian bonds, besides Sarkozy & Merkel possible statement that might anounce the support for Greece and refusing the idea of Greece quiting from the Euro-Zone.
Take close focus at Euro/Chf nearing the SNB pegging 1.2000 price level so a Buy would be a Great opportunity.
Have A Great Trading Day