Hello Traders,
Forex Signals & Analysis for 31st January 2012:
Short Term Signals:
Usd/Chf Buy at 0.9100/05 then 0.9070/75 then 0.9025/30, sell at 0.9225/30 then 0.9255/60 then 0.9300/05
Usd/Jpy Buy at 76.00/05 then 75.85/90 then 75.50/55(Buy), sell at 76.75/80 then 77.00/05 then 77.20/25
Euro/Usd Buy at 1.3040/45 then 1.2995/00 then 1.2915/20, sell at 1.3245/50 then 1.3295/00 then 1.3365/70
Gbp/Usd Buy at 1.5645/50 then 1.5615/20 then 1.5580/85, sell at 1.5755/60 then 1.5775/80 then 1.5825/30
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, retracement at 0.9180/90 & low at 0.9090/95. As breakout trading buy at 0.9180/90 with Tp1 0.9225/30 Tp2 0.9255/60 Tp3 0.9300/05,
while as swing sell at 0.9180/90 with Tp1 0.9100/05 then 0.9070/75 then 0.9025/30
Usd/Jpy This pair is still on downtrend, retracement at 76.65/70 & low at 76.20/25. As swing sell at 76.65/70 with Tp1 low at 76.20/25 Tp2 76.00/05 Tp3 75.85/90 Tp4 75.50/55(Buy),
while as breakout buy at 76.65/70 with Tp1 76.75/80 Tp2 77.00/05 Tp3 77.20/25 Tp4 77.45/50
Euro/Usd This pair is still on uptrend, retracement at 1.3120/30. As swing buy at 1.3120/30 with Tp1 High at 1.3245/50 Tp2 1.3295/00 Tp3 1.3365/70, while as breakout sell at 1.3120/30 with Tp1 1.3040/45 Tp2 1.2995/00 Tp3 1.2915/20
Gbp/Usd This pair is still on uptrend, retracement at 1.5680/90 & high at 1.5790/00. As swing buy at 1.5680/90 with Tp1 1.5755/60 Tp2 1.5775/80 Tp3 1.5795/00 High Tp4 1.5825/30, while as breakout sell at 1.5680/90 with Tp1 1.5645/50 Tp2 1.5615/20 Tp3 1.5580/85
Usd/Cad This pair is still on downtrend, retracement at 1.0030/40 & low at 0.9970/75. As swing sell at 1.0030/40 with Tp1 0.9980/85 Tp2 low at 0.9970/75 Tp3 0.9930/35, while as breakout buy at 1.0030/40 with Tp1 1.0065/70 Tp2 1.0090/95 Tp3 1.0110/15 Tp4 1.0145/50
Nzd/Usd This pair is still on uptrend, retracement at 0.8180/85. As breakout sell at 0.8180/85 with Tp1 0.8130/40 Tp2 0.8105/10 Tp3 0.8060/65, while as swing buy at 0.8180/85 with Tp1 0.8250/55 Tp2 high at 0.8275/85 Tp3 0.8315/20
Euro/Chf This pair is still on downtrend, retracement at 1.2055/60 & low at 1.2020/25(Buy). As swing sell at 1.2055/60 with Tp1 1.2030/35 Tp2 low at 1.2020/30 Tp3 1.2010/15, while as breakout buy at 1.2055/60 with Tp1 1.2065/70 Tp2 1.2075/80 Tp3 1.2090/95
Gbp/Chf This pair is still on downtrend, retracement at 1.4405/10 & low at 1.4295/05. As swing sell at 1.4405/10 with Tp1 1.4335/40 Tp2 1.4310/15 Tp3 low at 1.4290/00 Tp4 1.4275/80, while as breakout buy at 1.4405/10 with Tp1 1.4445/50 Tp2 1.4465/70 Tp3 1.4510/15
Euro/Gbp This pair is still on uptrend but squeezed bt. resistance & support so we’ll trade it as breakout strategy. Buy at 0.8365/70 with Tp1 high at 0.8405/15 Tp2 0.8425/30 Tp3 0.8450/55, while sell at 0.8350/55 with Tp1 0.8330/35 Tp2 0.8315/20 Tp3 0.8285/90
Aud/Usd This pair is still on uptrend, retracement at 1.0585/95. As breakout sell at 1.0585/95 with Tp1 1.0505/10 Tp2 1.0465/70 Tp3 1.0400/05, while as swing buy at 1.0585/95 with Tp1 high at 1.0680/90 Tp2 1.0715/20 Tp3 1.0780/85
Euro/Jpy This pair is trying to base on downtrend, below 100.55/65 to target as sell order swing trading Tp1 99.45/50 Tp2 99.10/15 Tp3 98.25/30 while as breakout buy 100.55/65 with Tp1 101.45/50 Tp2 102.00/05 Tp3 High at 102.15/20 Tp4 102.60/65
Gbp/Jpy This pair is also trying to base on downtrend today, below 120.25/35 as swing trading sell order targetting Tp1 119.20/25 Tp2 118.90/95 Tp3 118.25/30, while as brekout buy at 120/25/35 with Tp1 120.75/80 Tp2 121.15/20 Tp3 121.65/70
Gold is still on uptrend, retracement at 1724/25 & high at 1744/45. As swing buy at 1724/25 with Tp1 high at 1744/45 Tp2 1752/52 Tp3 1764/65, while as breakout sell at 1724/25 with Tp1 1712/13 Tp2 1704/05 Tp3 1693/94
Oil is still on downtrend basis, retracement at 99.25/30 & low at 97.85/95. As swing trading sell at 99.25/30 with Tp1 low at 97.85/95 Tp2 97.45/50 Tp3 96.55/60, while as breakout buy at 99.25/30 with Tp1 100.10/15 Tp2 100.75/80 Tp3 101.45/50
We have 2 Important News Releases today for the Canadian Dollar & Dollar Currencies:
*** As I had expected for yesterday, a War at retracement levels for all pairs then choppy market movement occured to then the war not finish but carried to today as most if not all pairs kept current trend movement after moving from the reversal yesterday early hours movements to close/Open above or around retracement levels today.
Best Example was maybe Aud/Usd fall to 1.0525 to then close/open today candle around 1.06
Have A Great Trading Day