Hello Traders,
Forex Signals for 14th June 2011:
Short Term Signals:
Usd/Chf Buy 0.8305/10 then 0.8280 then 0.8205/10, sell 0.8465/70 then 0.8510/15 then 0.8555/60
Usd/Jpy Buy 79.90 then 79.75 then 79.40/45, sell 80.70 then 80.90/95 then 81.15/20
Gbp/Usd Buy 1.6220/25 then 1.6150/55, sell 1.6460/65 then 1.6500/05
Euro/Usd Buy 1.4320 then 1.4275/80 then 1.4230/35, sell 1.4470/75 then 1.4495/00 then 1.4560/65
Euro/Jpy Buy 114.95/00 then 114.65/70 then 114.35/40, sell 116.00/05 then 116.20/25 then 116.65/70
Gbp/Jpy Buy 130.30/35 then 129.80/85 then 129.35/40, sell 131.95/00 then 132.20/25 then 132.95/00
Usd/Cad Buy 0.9720/25 then 0.9695/00, sell 0.9795/00 then 0.9815/20 then 0.9830/35
Nzd/Usd Buy 0.8085/90 then 0.8055/60 then 0.8000, sell 0.8225/30 then 0.8265/70 then 0.8310/15
Euro/chf Buy 1.1970/75 then 1.1930/35, sell 1.2155/60 then 1.2200/05 then 1.2265/70
Euro/Gbp Buy 0.8775 then 0.8760/65 then 0.8730/35, sell 0.8840 then 0.8860 then 0.8875/80
Aud/Usd Buy 1.0510/15 then 1.0470/75 then 1.0420/25, sell 1.0665/70 then 1.0700/05 then 1.0760/65
Gbp/Chf Buy 1.3600/05 then 1.3555/60 then 1.3500/05, sell 1.3780/85 then 1.3815/20 then 1.3890/95
Oil Buy 95.10/15 then 94.20/25 then 92.35/40, sell 99.40/45 then 100.65/70 then 101.95/00
Gold Buy 1503/25/30 then 1497.60/70 then 1484.70/80, sell 1533.10/20 then 1541.40/50 then 1550
Medium Term strategy:
Usd/Chf This pair reversed again to downtrend, but as always we’re ready for all probabilities and a breakout strategy was successful, sold 0.8410 closed 0.8355(review previous post to know how & why)
Today retracement is at 0.8385/90 break and base above is to retest 0.8465/70 break here mioght target high at 0.8540(with good spike following crucial news release), while low is to our short term buy signals
Usd/Jpy This pair is still on downtrend after failure again to base above 80.50, today retracement is at 80.35 break and base above is to retest 80.70, break here is to 80.90/00 and would start an uptrend by tommorow if closes around there…
Euro/Usd This pair is still on downtrend despite spiking up yesterday and going to our yesterday & today retracement(good sell) at 1.4440 in early hours today, break and base above here is to 1.4500 while failure would take it back to crucial support now at 1.4350/55, break here is to retest 1.4320 then below is to our short term buy signals.
Gbp/Usd This pair reversed in late hours yesterday after “MPC Member Weale talks”, today on uptrend high is at 1.6550/55 while retracement is at 1.6360 but break and base below 1.6340 would take it back to downtrend targetting previous crucial support at 1.6215
Euro/Chf This pair is still on downtrend, retracement is at 1.2100/05 break and base above is to 1.2150/60 while low is at 1.1950
Gbp/Chf This pair is tring to break to the upside but a base above 1.3730 is necessary to continue targetting 1.3780 then 1.3820 and if there’s good buying power and sterling keeps powering might target 1.3950(not an always daily average price range(around 300 pips H/L) but had done it many times before).
Euro/Jpy This pair is still on downtrend, retracement is at 115.90 break and base above is to 116.20 and break here is to 116.40/50 while low is at 114.50/60
Gbp/Jpy This pair broke today to the upside but must base above 131.50 today to confirm an uptrend movement, targetting high at 132.20 first while below 131.20 is to low at 130.30/40
Euro/Gbp This pair is continuing its yesterday start of downtrend, targetted our said support ay 0.8780, break and base below here today might would target 0.8760 then 0.8640, a break here might extend weakness fast to 0.8660/70 later on or in coming days, retracement is at 0.8830 break is to 0.8850/60
Usd/Cad This pair is on downtrend today after breaking and basing below 0.9750 targetting today 0.9710, break & base below here would target 0.9680/85, while only base above 0.9770 would change my downside view for this pair and would target 0.9795/00
Aud/Usd This pair is trying to break to the upside but would face a crucial resistance at 1.0650, only basing above here would put it on uptrend and gain would extend fast to target 1.0720/30 while below is to 1.0610, and base below here is to target 1.0520 low
Nzd/Usd This pair also reversed after the fall yesterday on earthquake news but must base today above 0.8180 to target 0.8120 and confirm uptrend then targetting 0.8280 later on while below is to 0.8100 and break here would extend weakness to our short term buy signals
Gold is still on downtrend, retracement is at 1525/26 break here is to target 1535 and must hold there while low is at 1497/98
Oil is still on downtrend with another big fall yesterday even below our yesterday low and targettted the short term buy signal before going up again, today retracement is at 98.20/30, break and base above is to 99.50 then 99.80 must hold while low is to our short term buy signals
We have 2 Important news release for the Sterling & Dollar currencies today:
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UK CPI: Sell Gbp/Usd if 4.3% or below while Buy if 4.7% or above
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US Core Retail Sales: Buy Usd/Chf & Usd/Jpy if 0.7% or above while Buy Euro/Usd & Gbp/Usd if below 0%
Have A Great Trading Day