Hello Traders,
Forex Signals & Analysis for 21st June 2012:
Short Term Signals:
Usd/Chf Buy at 0.9400/05 then 0.9380/85 then 0.9335/40, sell at 0.9505/10 then 0.9535/40 then 0.9570/75
Usd/Jpy Buy at 78.75/80 then 78.40/45 then 78.05/10, sell at 80.00/05 then 80.25/30 then 80.80/85
Euro/Usd Buy at 1.2625/30 then 1.2590/95 then 1.2540/45, sell at 1.2770/75 then 1.2800/05 then 1.2855/60
Gbp/Usd Buy at 1.5625/30 then 1.5585/90 then 1.5520/25, sell at 1.5800/05 then 1.5840/45 then 1.5900/05
Medium Term Daily Analysis:
Usd/Chf is on downtrend, retracement at 0.9470/80, as swing sell with Tp1 0.9400/05 Tp2 0.9380/85 Tp3 0.9335/40 while as breakout buy with Tp1 0.9505/10 Tp2 0.9535/40 Tp3 0.9570/75
Usd/Jpy is trying to base on uptrend, above 79.30/35, as swing buy with Tp1 80.00/05 Tp2 80.25/30 Tp3 80.80/85 while as breakout sell with Tp1 78.75/80 Tp2 78.40/45 Tp3 78.05/10
Euro/Usd is on uptrend, retracement at 1.2670/80, as swing buy with Tp1 1.2770/75 Tp2 1.2800/05 Tp3 1.2855/60 while as breakout sell with Tp1 1.2725/30 Tp2 1.2590/95 Tp3 1.2540/45
Gbp/Usd is on uptrend, retracement at 1.5685/95, as swing buy with Tp1 1.5800/05 Tp2 1.5840/45 Tp2 1.5900/05 while as breakout sell with Tp1 1.5625/30 Tp2 1.5585/90 Tp3 1.5520/25
Usd/Cad is on downtrend, retracement at 1.0195/05, as swing sell with Tp1 1.0135/40 Tp2 1.0115/20 Tp3 1.0075/80 while as breakout buy with Tp1 1.0235/40 Tp2 1.0260/65 Tp3 1.0290/95
Euro/Cad is on uptrend, retracement at 1.2920/30, as swing buy with Tp1 1.2975/80 Tp2 1.2995/00 Tp3 1.3030/35 while as breakout sell with Tp1 1.2890/95 Tp2 1.2860/65 Tp3 1.2830/35
Gbp/Cad is on uptrend, retracement at 1.5980/90, as swing buy with Tp1 1.6075/80 Tp2 1.6115/20 Tp3 1.6165/70 while as breakout sell with Tp1 1.5925/30 Tp2 1.5885/90 Tp3 1.5830/35
Aud/Usd is on uptrend, retracement at 1.0150/60, as swing buy with Tp1 1.0245/50 Tp2 1.0270/75 Tp3 1.0320/25 while as breakout sell with Tp1 1.0120/25 Tp2 1.0090/95 Tp3 1.0045/50
Aud/Jpy is on uptrend, retracement at 80.50/55, as swing buy with Tp1 81.80/85 Tp2 82.15/20 Tp3 82.85/90 while as breakout sell with Tp1 80.05/10 Tp2 79.55/60 Tp3 79.05/10
Nzd/Usd is on uptrend, retracement at 0.7930/40, as swing buy with Tp1 0.8000/05 Tp2 0.8020/25 Tp3 0.8060/65 while as breakout sell with Tp1 0.7905/10 Tp2 0.7880/85 Tp3 0.7850/55
Euro/Jpy is on uptrend, retracement at 100.50/60, as swing buy with Tp1 101.90/95 Tp2 102.30/35 Tp3 103.25/30 while as breakout sell with Tp1 99.75/80 Tp2 99.15/20 Tp3 98.50/55
Gbp/Jpy is on uptrend, retracement at 124.40/50, as swing buy with Tp1 126.00/05 Tp2 126.45/50 Tp3 127.60/65 while as breakout sell with Tp1 123.40/45 Tp2 122.70/75 Tp3 121.95/00
Chf/Jpy is on uptrend, retracement at 83.65/70, as swing buy with Tp1 84.85/90 Tp2 85.20/25 Tp3 85.95/00 while as breakout sell with Tp1 83.05/10 Tp2 82.50/55 Tp3 81.95/00
Gbp/Chf is moving sideways, buy at 1.4870/80 with Tp1 1.4910/15 tp2 1.4940/45 Tp3 1.4975/80 while sell at 1.4870/80 with Tp1 1.4800/05 Tp2 1.4775/80 Tp3 1.4730/35
Usd/Try is on downtrend, retracement at 1.7990/00, as swing sell with Tp1 1.7835/40 Tp2 1.7795/00 Tp3 1.7725/30 while as breakout buy with Tp1 1.8010/15 Tp2 1.8060/65 Tp3 1.8120/25
Gold is trying to base on downtrend, below retracement at 1609/10, as swing sell with Tp1 1584/85 Tp2 1574/75 Tp3 1558/59 while as breakout buy with Tp1 12629/30 Tp2 1639/40 Tp3 1655/56
Oil is on downtrend, retracement at 82.35/40, as swing sell with Tp1 79.80/85 Tp2 78.85/90 Tp3 76.85/90 while as breakout buy with Tp1 84.55/60 Tp2 85.85/90 Tp3 87.30/35
We have Very Important News Releases Today for the Kiwi, Euro, Sterling, Loonie, & Dollar Currency;
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NZD GDP: Buy Nzd/Usd if 0.7% or better while sell if 0.3% or worse
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Euro German Manufacturing PMI: Buy Euro/Usd if 47 or better while sell if 43 or worse
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UK Retail Sales: Buy Gbp/Usd if 1.5% or better while sell if 0.5% or worse
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CAD Core Retail Sales: Buy Usd/Cad if -0.1% or worse while sell if 0.4% or better
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US Unemployment Claims: Buy Usd/chf & Usd/Jpy if 360K or better while sell if 395K or worse
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US Existing Home Sales & Phily Fed Index: Buy Usd/Chf & Usd/Jpy if 4.60M or better for the first or/& 3 or better for the second while sell if 4.56M or worse for the first or/& -3 or worse for the second
*Market looking at crucial moments today after FOMC & Bernanke who mixed cards without giving clear direction despite pairs closed higher(Vs Dollar) just to keep its current trends until some serious news comes out from EuroZone Countries regarding bailout programs.
As usual try not to hurry things, wait for the good opportunity at retracement to trade or if market kept going higher sell from above because of very possible reversal since market is nearing an overbought zone if not within already while buy the dollar on dips.
Have A Great Trading Day