Hello Traders,
Forex Signals & Analysis for 17th November 2011:
Short Term Signals:
Usd/Chf Buy at 0.9125/30 then 0.9095/00 then 0.9060/65, sell at 0.9240/45 then 0.9265/70 then 0.9310/15
Usd/Jpy Buy at 76.80/85 then 76.70/75 then 76.55/60, sell at 77.20/25 then 77.30/35 then 77.45/50
Euro/Usd Buy at 1.3385/90 then 1.3350/55 then 1.3275/80, sell at 1.3560/65 then 1.3610/15 then 1.3660/65
Gbp/Usd Buy at 1.5675/80 then 1.5650/55 then 1.5585/90, sell at 1.5820/25 then 1.5860/65 then 1.5900/05
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.9140/50, break is to our short term buy signals while on the upside is to our short term sell signals and high is at 0.9255/65
Usd/Jpy This pair is still on downtrend, retracement at 77.10/15, break is to our short term sell signals and good resistance 77.45/50, while on the downside toward our short term buy signals
Euro/Usd This pair is still on downtrend, retracement at 1.3525/35, break is to our shrot term sell signals while on the downside toward our short term buy signals and low is at 1.3380/90
Gbp/Usd This pair is still on downtrend, low resistance at 1.5750/60, break is to retracement at 1.5805/15, break is to our short term sell signals while on the downside toward our short term buy signals
Usd/Cad This pair is still on uptrend, retracement at 1.0210/20, break is to 1.0155/60 then 1.0115/20 then 1.0065/70, while on the upside toward 1.0285/90 then 1.0315/20 then 1.0345/50 and possibly 1.0410/15
Nzd/Usd This pair is still on downtrend, retracement at 0.7710/20, break is to 0.7730/35 then 0.7765/70 then 0.7805/10, while on the downside toward low at 0.7610/15, below would power the trend toward 0.7595/90 then 0.7565/70 and possibly 0.7510/15
Euro/Chf This pair is still on uptrend, retracement at 1.2345/50, break is to 1.2330/35 and possibly toward 1.2300/05, while on the upside toward 1.2410/15 then 1.2430/35 then 1.2450/55
Gbp/Chf This pair is still on uptrend, retracement at 1.4420/25, break is to 1.4390/95 then 1.4355/60, while on the upside toward 1.4550/55 then 1.4595/00 and possibly 1.4650/55
Euro/Gbp This pair is still on downtrend, retracement at 0.8560/65, break is to 0.8595/00 then 0.8615/20 and possibly 0.8650/55, while on the downside toward 0.8510/15 then 0.8485/90 and low is at 0.8455/65
Aud/Usd This pair is still on downtrend, retracement at 1.0135/45, break is to 1.0180/85 then 1.0230/35 and possibly 1.0280/85, while on the downside toward 1.0010/15 then low at 0.9995/00, below would power the trend toward 0.9980/85 then possibly to target 0.9905/10
Euro/Jpy This pair is still on downtrend, retracement at 104.35/45, break is to 104.80/85 then possibly 105.20/25, while on the downside low is at 103.50/55, below would power the trend toward 103.10/15 then 102.80/85 and possibly 102.25/30
Gbp/Jpy This pair is still on downtrend, low resistance at 121.40/50, break is to retracement at 121.85/95, break would target 122.25/30 and 122.60/65, while on the downside toward 120.75/80 then 120.55/60 and low is at 120.00/10
Gold is on downtrend today, retraceemnt at 1769/70, break is to 1773/74, above would target 1786 then 1796/97 and possibly 1810 while on the downside toward 1744/45 then 1736/37 and possibly 1719/20
Oil is still on uptrend, retracement at 100.20/25, break is to 98.20/25 then 96.45/50, while on the upside toward high at 102.30/40, above would power the trend toward 104.30/35 then 105.50/55
We have an Important News Release today for the Sterling Currency:
- UK Retail Sales: Buy Gbp/Usd if 0.2% or above while sell if -0.5% or below(much worse)
Have A Great Trading Day