Hello Traders,
Forex Signals & Analysis for 10th February 2012:
Short Term Signals:
Usd/Chf Buy at 0.9075/80 then 0.9055/60 then 0.9020/25, sell at 0.9160/65 then 0.9180/85 then 0.9210/15
Usd/Jpy Buy at 77.00/05 then 76.70/75 then 76.45/50, sell at 78.00/05 then 78.15/20 then 78.60/65
Euro/Usd Buy at 1.3200/05 then 1.3165/70 then 1.3115/20, sell at 1.3345/50 then 1.3375/80 then 1.3435/40
Gbp/Usd Buy at 1.5760/65 then 1.5735/40 then 1.5680/85, sell at 1.5885/90 then 1.5920/25 then 1.5960/65
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, retracement at 0.9130/40. As Swing sell at 0.9130/40 with Tp1 0.9075/80 Tp2 0.9055/60 Tp3 0.9020/25 Tp4 low at 0.8990/00, while as breakout buy at 0.9130/40 with Tp1 0.9160/65 Tp2 0.9180/85 Tp3 0.9210/15 Tp4 0.9235/45
Usd/Jpy This pair is still on uptrend basis, retracement at 77.25/30. As Swing buy at 77.25/30 with Tp1 High at 78.00/05 Tp2 78.15/20 Tp3 78.60/65 while as breakout sell at 77.25/30 with Tp1 77.00/05 Tp2 76.70/75 Tp3 76.45/50
Euro/Usd This pair is still on uptrend, retracement at 1.3245/55. As Swing Buy at 1.3245/55 with Tp1 1.3345/50 Tp2 1.3375/80 Tp3 High at 1.3435/40 while as breakout sell at 1.3245/55 with Tp1 1.3200/05 Tp2 1.3165/70 Tp2 1.3115/20
Gbp/Usd This pair is still on uptrend but might again change this view today if bases below retracement at 1.5800/10. As Swing Buy at 1.5800/10 with Tp1 1.5885/90 Tp2 1.5920/25 Tp3 1.5960/65 Tp4 High at 1.5995/05, while as breakout sell at 1.5800/10 with Tp1 1.5760/65 Tp2 1.5735/40 Tp3 1.5680/85
Usd/Cad This pair is still on downtrend, retracement at 0.9955/60. As Swing sell at 0.9955/60 with Tp1 0.9910/15 Tp2 0.9895/00 Tp3 low at 0.9880 Tp4 0.9865/70 while as breakout buy at 0.9955/60 with Tp1 0.9985/90 Tp2 1.0000/05 Tp3 1.0025/30 Tp4 1.0065/70
Nzd/Usd This pair is still on uptrend, retracement at 0.8315/25, As Swing buy at 0.8315/25 with Tp1 0.8380/85 Tp2 0.8400/05 Tp3 0.8425/30 Tp4 0.8470/75 while as breakout sell at 0.8315/25 with Tp1 0.8300/05 Tp2 0.8285/90 Tp3 0.8255/60 Tp4 0.8200/10
Euro/Chf This pair is still on uptrend, retracement at 1.2095/00. As Swing buy at 1.2095/00 with Tp1 High at 1.2115/20 Tp2 1.2125/30 Tp3 1.2140/45 while as breakout sell at 1.2095/00 with Tp1 1.2090 Tp2 1.2080/85 Tp3 1.2075/80 Tp4 1.2055/60
Gbp/Chf This pair is still on downtrend, retracement at 1.4450/60. As breakout buy at 1.4450/60 with Tp1 1.4510/15 Tp2 1.4555/60 Tp3 High at 1.4595/00 while as Swing sell at 1.4450/60 with Tp1 1.4360/65 Tp2 low at 1.4330/40 Tp3 1.4265/70
Euro/Gbp This pair is still on uptrend, retracement at 0.8370/75. As Swing buy at 0.8370/75 with Tp1 High at 0.8415/20 Tp2 0.8430/35 Tp3 0.8440/45 Tp4 0.8485/90 while as breakout sell at 0.8370/75 with Tp1 0.8340/45 Tp2 0.8310/15 Tp3 0.8290/95 Tp4 0.8260/65
Aud/Usd This pair is still on uptrend, retracement at 1.0775/80, as Swing buy at 1.0775/80 with Tp1 1.0840/45 Tp2 1.0865/70 Tp3 High at 1.0905/15 while as breakout sell at 1.0775/80 with Tp1 1.0720/25 Tp2 1.0695/00 Tp3 1.0650/55 Tp4 1.0610/20
Euro/Jpy This pair is still on uptrend, retracement at 102.35/45. As Swing buy at 102.35/45 with Tp1 High at 103.55/60 Tp2 103.85/90 Tp3 104.20/25 Tp4 105.10/15 while as breakout sell at 102.35/45 with Tp1 101.90/95 Tp2 101.30/40 Tp3 100.80/85
Gbp/Jpy This pair is still on uptrend, retracement at 122.20/30, as Swing buy at 122.20/30 with Tp1 High at 123.40/50 Tp2 123.75/80 Tp3 124.55/60 while as breakout sell at 122.20/30 with Tp1 121.70/75 Tp2 121.20/25 Tp3 120.75/80
Gold is still on downtrend, retracement at 1731/32. As Swing sell at 1731/32 with Tp1 1715/16 Tp2 1709/10 Tp3 1692/93 while as breakout buy at 1731/32 with Tp1 1751/52 Tp2 1762/63 Tp3 1772/73
Oil is still on uptrend, retracement at 99.15/20. As Swing buy at 99.15/20 with Tp1 100.60/65 Tp2 101.05/10 Tp2 101.65/70 Tp4 101.90/95 while as breakout sell at 99.15/20 with Tp1 98.55/60 Tp2 97.95/00 Tp3 97.30/35 Tp4 low at 96.60/65
We have Important News Releases today for the Swiss Franc, Sterling, Canadian Dollar, & Dollar Currencies:
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CHF CPI: Buy Usd/chf Euro/Chf Gbp/Chf if -0.5% or much worse while sell if 0% or above
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UK PPI Input: Buy Gbp/Usd if 0.6% or above while sell if 0.2% or below
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CAD Trade Balance: Buy Usd/Cad if 0.5B or below while sell if 0.9B or above
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US Trade Balance: Buy Usd/Chf & Usd/Jpy if -46B or better while Buy Euro/Usd & Gbp/Usd if -50B or worse
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US Prelim Consumer Sentiment: Buy Usd/Chf & Usd/Jpy if 76 or above while Buy Euro/Usd & Gbp/Usd if 72 or below
Also, We have Fed Chairman Bernanke who’ll talk and as usual must have a Good Impact at the market.
Have A Great Trading Day & An Exciting Weekend