Hello Traders,
Forex Signals & Analysis for 8th December 2011:
Short Term Signals:
Usd/Chf Buy at 0.9200/05 then 0.9185/90 then 0.9150/55, sell at 0.9285/90 then 0.9310/15 then 0.9330/35
Usd/Jpy Buy at 77.55/60 then 77.50/55 then 77.40/45, sell at 77.75/80 then 77.85/90 then 77.90/95
Euro/Usd Buy at 1.3335/40 then 1.3300/05 then 1.3250/55, sell at 1.3475/80 then 1.3505/10 then 1.3560/65
Gbp/Usd Buy at 1.5595/00 then 1.5545/50 then 1.5495/00, sell at 1.5770/75 then 1.5800/05 then 1.5800/05
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.9230/35, break is to our short term buy signals while on the upside toward high at 0.9310/15, above would power the trend toward 0.9335/45
Usd/Jpy This pair is on downtrend basis today with overall sideways movement, retracement at 77.70, break is to our short term sel signals, while on the downside toward our short term buy signals
Euro/Usd This pair is still neutral, moving sideways bt. resistance at 1.3440/50, break is to our short term sell signals and support at 1.3375/80, break is to our short term buy signals
Gbp/Usd This pair is still neutral, moving sideways bt. resistacne at 1.5720/30, break is to our short term sell signals and support at 1.5670/75, break is to our short term buy signals
Usd/Cad This pair is still on downtrend, retracement at 1.0120/30, break is to 1.0140/45 then 1.0165/70 then 1.0195/00, while on the downside toward 1.0050/55 then 1.0030/35 and possibly 0.9995/00
Nzd/Usd This pair is still on uptrend, retracement at 0.7780/85, break is to 0.7735/40 then 0.7710/15 then 0.7675/80, while on the upside toward 0.7845/50 then 0.7865/70 then 0.7910/15
Euro/Chf This pair is still on uptrend, retracement at 1.2375/80, break is to 1.2345/50 then 1.2330/35 and possibly 1.2290/95, while on the upside toward high at 1.2440/45, break is to power the trend toward 1.2465/70 then 1.2490/95
Gbp/Chf This pair is still on uptrend, retracement at 1.4460/70, break is to 1.4400/05 then 1.4350/55 and possibly 1.4290/95, while on the upside toward high at 1.4560/70, break is to power the trend toward 1.4585/90 then 1.4625/30 and possibly 1.4705/10
Euro/Gbp This pair is still moving sideways with downtrend basis today, kept basing below 0.8550/60 is to target low at 0.8510/15, below would power the trend toward 0.8475/80 then 0.8445/50 and possibly extending trend power toward 0.8385/90, while on the upside toward 0.8615/20 then 0.8655/60 then possibly 0.8695/00
Aud/Usd This pair is still on uptrend, retracement at 1.0230/35, break is toward 1.0200/05 then 1.0175/80, while on the upside toward 1.0330/35 then 1.0345/50 and possibly 1.0390/95
Euro/Jpy This pair is still neutral, moving today bt. resistance at 104.15/25, break is to 104.65/70 then 104.85/90 then 105.25/30, and support at 104.00/05, break is toward 103.60/65 then 103.40/45 and possibly 103.30/35
Gbp/Jpy This pair is still neutral, moving today bt. resistance at 122.15/25, break is to 122.60/65 then 122.85/90 and possibly 123.55/60, and support at 121.65/75, break is toward 121.05/10 then 120.65/70 then possibly 120.20/25
Oil This pair is still on uptrend, retracement at 99.90/95, break is to 99.10/15 then 98.40/45 then 97.20/25, while on the upside toward high at 102.20/25, above would power the trend toward 103.00/05 then 104.10/15
Gold This pair is still neutral, movign today bt. resistance at 1742/43, break is to 1752/53 then 1757/58 and possibly 1772/73, and support at 1734/35, break is toward 1721/22 then 1712/13 then 1704/05
We have Important News Releases today for the Sterling, Euro & Dollar Currencies:
-
UK ASF, Bank Rate, MPC Statement: Buy Gbp/Usd if 0.75% or/& ASF is decreased to 250B or below or/& MPC Statement is Hawkish, while sell if 0.25% or/& ASF is increased to 300B or more or/& MPC Statement is Dovish
-
ECB Rate Decision & Press Conference: Buy Euro/Usd if 1.50% or/& Draghi sounds Hawkish toward Euro Economy, while sell if 1.00% or/& Draghi sounds dovish(more coming future Monetray Easing)
-
US Unemployment Claims: Buy Usd/Chf & Usd/Jpy if 380K or below while sell if 410K or above
Have A Great Trading Day