Hello Traders,
Forex Signals & Analysis for 20th February 2012:
Short Term Signals:
Usd/Chf Buy at 0.9140/45 then 0.9120/25 then 0.9100/05, sell at 0.9220/25 then 0.9235/40 then 0.9260/65
Usd/Jpy Buy at 78.80/85 then 78.45/50 then 78.15/20, sell at 79.90/95 then 80.10/15 then 80.65/70
Euro/Usd Buy at 1.3085/90 then 1.3065/70 then 1.3020/25, sell at 1.3235/40 then 1.3265/70 then 1.3295/00
Gbp/Usd Buy at 1.5775/80 then 1.5750/55 then 1.5715/20, sell at 1.5870/75 then 1.5895/00 then 1.5930/35
Medium Term Daily Analysis:
Usd/Chf This pair is on downtrend, retracement at 0.9180/90 as Swing sell with Tp1 0.9140/45 Tp2 0.9120/25 Tp3 0.9100/05 while as breakout buy at 0.9180/90 with Tp1 0.9220/25 Tp2 0.9235/40 Tp3 0.9260/65
Usd/Jpy This pair is on uptrend, high support at 79.50/55, break is to retracement at 79.00/10, as Swing buy at 79.00/10 with Tp1 79.50/55 Tp2 79.90/95 Tp3 80.10/15 Tp4 80.65/70 while as breakout sell at 79.00/10 with Tp1 78.80/85 Tp2 78.45/50 Tp3 78.15/20
Euro/Usd This pair is on uptrend, retracement at 1.3150/55 as Swing buy with Tp1 1.3235/40 Tp2 1.3265/70 Tp3 High at 1.3295/00, while as breakout sell at 1.3150/55 with Tp1 1.3085/90 Tp2 1.3065/70 Tp3 low at 1.3020/25
Gbp/Usd This pair is on uptrend, retracement at 1.5790/00 as Swing buy with Tp1 1.5870/75 Tp2 1.5895/00 Tp3 high at 1.5930/35 while as breakout sell at 1.5790/00 with Tp1 1.5775/80 Tp2 1.5750/55 Tp3 1.5715/20
Usd/Cad This pair is on downtrend, retracement at 0.9955/60, as Swing sell at 0.9955/60 with Tp1 0.9920/25 Tp2 low at 0.9900/05 while as breakout buy at 0.9955/60 with Tp1 0.9990/95 Tp2 1.0005/10 Tp3 1.0030/35
Nzd/Usd This pair is on uptrend, retracement at 0.8350/60, as swing buy with Tp1 0.8405/10 Tp2 0.8425/30 Tp3 High at 0.8445/50 while as breakout sell at 0.8350/60 with Tp1 0.8285/90 Tp2 0.8270/75 Tp3 0.8230/35
Euro/Chf This pair is on uptrend, retracement at 1.2080/85, as Swing buy with Tp1 1.2100/05 Tp2 High at 1.2110/15 Tp3 1.2120/25 while as breakout sell at 1.2080/85 with Tp1 1.2060/65 Tp2 1.2050/55 Tp3 low at 1.2040/45
Gbp/Chf This pair is on uptrend, retracement at 1.4510/15 with Tp1 High at 1.4565/70 Tp2 1.4585/90 Tp3 1.4605/10 Tp4 1.4645/50 while as breakout sell at 1.4510/15 wih Tp1 1.4495/00 Tp2 1.4465/70 Tp3 1.4440/45
Euro/Gbp This pair is on downtrend, retracement at 0.8330/40 with Tp1 low at 0.8270/75 Tp2 0.8255/60 Tp3 0.8230/35 while as breakout buy at 0.8330/40 with Tp1 0.8355/60 Tp2 0.8375/80 Tp3 High at 0.8405/10
Aud/Usd This pair is on uptrend, retracement at 1.0740/50, as Swing with Tp1 1.0795/00 Tp2 High at 1.0840/50 Tp3 1.0880/85, while as breakout sell at 1.0740/50 with Tp1 1.0645/50 Tp2 1.0615/20 Tp3 1.0550/55
Euro/Jpy This pair is on uptrend, High support 104.80/90, break is to retracement at 104.10/20, as Swing buy with Tp1 104.80/90 Tp2 105.15/20 Tp3 105.40/45 Tp4 106.20/25 while as breakout sell at 104.10/20 with Tp1 103.45/50 Tp2 102.95/00 Tp3 102.45/50
Gbp/Jpy This pair is on uptrend, High support at 125.70/75, break is to retracement at 125.00/10, as Swing buy with Tp1 125.70/75 Tp2 127.00/05 Tp3 127.95/00 while as breakout sell at 125.00/10 with Tp1 124.50/55 Tp2 123.90/95 Tp3 123.30/35
Gold is on uptrend, retracement at 1725/26, as Swing buy with Tp1 1737/38 Tp2 1744/45 Tp3 1752/53 Tp4 High at 1761/62 while as breakout sell at 1725/26 with Tp1 1711/12 Tp2 1706/07 Tp3 1696/97
Oil is on uptrend, High Support at 104.05/10, break is to retracement at 103.15/20, as Swing buy with Tp1 104.05/10 Tp2 104.70/75 Tp3 105.10/15 Tp4 106.20/25, while as breakout sell at 103.15/20 with Tp1 102.35/40 Tp2 101.60/65 Tp3 101.00/05
*** No Tradable News Releases today but market will keep effect by rumors from here & there of possible Greece Bailout or Failure to reach agreement.
Have A Great Trading Day