Hello Traders,
Forex Signals & Analysis for 24th February 2012:
Short Term Signals:
Usd/Chf Buy at 0.8960/65 then 0.8940/45 then 0.8870/75, sell at 0.9105/10 then 0.9145/50 then 0.9185/90
Usd/Jpy Buy at 79.70/75 then 79.55/60 then 79.25/30, sell at 80.35/40 then 80.55/60 then 80.75/80
Euro/Usd Buy at 1.3240/45 then 1.3180/85 then 1.3125/30, sell at 1.3440/45 then 1.3470/75 then 1.3570/75
Gbp/Usd Buy at 1.5655/60 then 1.5615/20 then 1.5580/85, sell at 1.5785/90 then 1.5810/15 then 1.5870/75
Medium Term Daily Analysis:
Usd/Chf This pair is on downtrend, low resistance at 0.9030/35 break is to retracement at 0.9060/65, as Swing sell with Tp1 low at 0.9030/35 Tp2 0.8960/65 Tp3 0.8940/45 Tp4 0.8870/75, as breakout buy at 0.9060/65 with Tp1 0.9105/10 Tp2 0.9145/50 Tp3 0.9185/90
Usd/Jpy This pair is on uptrend, retracement at 79.85/90, as swing buy with Tp1 80.35/40 Tp2 80.55/60 Tp3 High at 80.75/80, while as breakout sell at 79.85/90 with Tp1 79.70/75 Tp2 79.55/60 Tp3 79.25/30
Euro/Usd This pair is on uptrend, high support at 1.3360/65 break is to retracement at 1.3300/10, as Swing buy with Tp1 high at 1.3360/65 Tp2 1.3440/45 Tp3 1.3470/75 Tp4 1.3570/75 while as breakout sell at 1.3300/10 with Tp1 1.3240/45 Tp2 1.3180/85 Tp3 1.3125/30
Gbp/Usd This pair is on downtrend, retracement at 1.5745/50, as Swing sell with Tp1 low at 1.5655/60 Tp2 1.5615/20 Tp3 1.5580/85 while as breakout buy at 1.5745/50 with Tp1 1.5785/90 Tp2 1.5810/15 Tp3 High at 1.5870/75
Usd/Cad This pair is on downtrend, retracement at 0.9970/80, as swing sell at 0.9970/80 with Tp1 0.9935/40 Tp2 low at 0.9920/25 Tp3 0.9890/95 while as breakout buy at 0.9970/80 with Tp1 1.0015/20 Tp2 1.0035/40 Tp3 1.0060/65
Nzd/Usd This pair is on uptrend, retracement at 0.8340/45, as swing buy with Tp1 High at 0.8405/15 Tp2 0.8430/35 Tp3 0.8495/00 while as breakout sell at 0.8340/45 with Tp1 0.8270/75 Tp2 0.8225/30 Tp3 0.8190/95
Euro/Chf This pair is on downtrend, retracement at 1.2055/60, as swing sell with Tp1 1.2035/40 Tp2 low at 1.2030/35 Tp3 1.2020/25 while as breakout buy at 1.2060 Tp1 1.2065/70 Tp2 1.2075/80 Tp3 1.2080/85
Gbp/Chf This pair is on downtrend, low resistance at 1.4225/30 break is to retracement at 1.4260/70, as swing sell with Tp1 low at 1.4225/30 Tp2 1.4140/45 Tp3 1.4120/25 Tp3 1.4065/70 while as breakout buy at 1.4260/70 with Tp1 1.4300/05 Tp2 1.4330/35
Euro/Gbp This pair is on uptrend, high support at 0.8475/80 break is to retracement at 0.8450/55 Tp1 High at 0.8475/80 Tp2 0.8515/20 Tp3 0.8525/30 Tp4 0.8555/60 while as breakout sell at 0.8450/55 with Tp1 0.8430/35 Tp2 0.8415/20 Tp3 0.8380/85
Aud/Usd This pair is on uptrend, retracement at 1.0700/10, as swing buy with Tp1 1.0770/75 Tp2 1.0795/00 Tp3 High at 1.0820/30 Tp4 1.0875/80 while as breakout sell at 1.0700/10 with Tp1 low at 1.0600/10 Tp2 1.0555/60 Tp3 1.0510/15
Euro/Jpy This pair is on uptrend, retracement at 106.20/30, as swing buy with Tp1 107.35/40 Tp2 high at 107.50/55 Tp3 108.10/15 while as breakout sell at 106.20/30 with Tp1 105.80/85 Tp2 105.50/55
Gbp/Jpy This pair is on uptrend, retracement at 125.70/80, as swing buy with Tp1 at 126.35/40 Tp2 126.55/60 Tp3 127.00/05 Tp4 High at 127.35/40, while as breakout sell at 125.70/80 with Tp1 125.35/40 Tp2 125.10/15 Tp3 124.75/80
Gold is on uptrend, high support at 1778/79 break is to retracement at 1770/71 with Tp1 High at 1778/79 Tp2 1790/91 Tp3 1794/95 Tp4 1802/03 while as breakout sell at 1770/71 with Tp1 1764/65 Tp2 1757/58 Tp3 1749/50
Oil is on uptrend, retracement at 107.05/10, as swing buy with Tp1 High at 108.85/90 Tp2 110.10/15 Tp2 110.80/85 Tp3 112.95/00 while as breakout sell at 107.05/10 with Tp1 105.65/70 Tp2 104.30/35 Tp3 103.15/20
We have Important News Releases today for the Sterling & Dollar Currencies:
*** The market looking to be on a turning point today which is coincidentally a Friday when anything might happen. A Power of current trend might occur and on the other hand reversal also have Big Effect & found in the picture, so Traders Take Notice & Trade Safe.
Have A Great Trading Day & An Entertaining Weekend