Hello Traders,
Forex Signals & Analysis for 8th March 2012:
Short Term Signals:
Usd/Chf Buy at 0.9140/45 then 0.9125/30 then 0.9100/05, sell at 0.9200/05 then 0.9215/20 then 0.9235/40
Usd/Jpy Buy at 80.55/60 then 80.30/35 then 80.05/10, sell at 81.40/45 then 81.60/65 then 81.95/00
Euro/Usd Buy at 1.3090/95 then 1.3065/70 then 1.3040/45, sell at 1.3185/90 then 1.3200/05 then 1.3240/45
Gbp/Usd Buy at 1.5690/95 then 1.5670/75 then 1.5640/45, sell at 1.5775/80 then 1.5790/95 then 1.5825/30
Medium Term Daily Analysis:
Usd/Chf This pair is on uptrend, retracement at 0.9145/55, as swing buy with Tp1 0.9200/05 Tp2 0.9215/20 Tp3 0.9235/40 Tp4 High at 0.9275/80,
while as breakout sell at 0.9145/55 with Tp1 0.9125/30 Tp2 0.9125/30 Tp3 0.9100/05 Tp4 0.9075/80
Usd/Jpy This pair is too mixed, I’ll trade it today as breakout, buy at 81.05/10 with Tp1 81.40/45 Tp2 81.60/65 Tp3 81.95/00 Tp4 High at 82.50/55,
while sell at 81.05/10 with Tp1 80.55/60 Tp2 80.30/35 Tp3 80.05/10
Euro/Usd This pair is on downtrend, retracement at 1.3170/80, as swing sell with Tp1 1.3090/95 Tp2 1.3065/70 Tp3 1.3040/45 Tp4 low at 1.3010/15,
while as breakout buy at 1.3170/80 with Tp1 1.3200/05 Tp2 1.3240/45 Tp3 1.3270/80
Gbp/Usd This pair is on downtrend, retracement at 1.5765/75, as swing sell with Tp1 1.5690/95 Tp2 1.5670/75 Tp3 low at 1.5640/45 while as breakout buy at 1.5765/75 with Tp1 1.5790/95 Tp2 1.5825/30 Tp3 1.5870/80
Usd/Cad This pair is on uptrend, retracement at 0.9965/75, as swing buy with Tp1 1.0015/20 Tp2 1.0040/45 Tp3 High at 1.0055/60 while as breakout sell at 0.9965/75 with Tp1 0.9945/50 Tp2 0.9935/40 Tp3 0.9900/05
Nzd/Usd This pair is on downtrend, retracement at 0.8190/00, as swing sell with Tp1 low at 0.8145/50 Tp2 0.8100/05 Tp3 0.8070/75 Tp4 0.8030/35 while as breakout buy at 0.8190/00 with Tp1 0.8215/20 Tp2 0.8245/50 Tp3 0.8290/95
Euro/Chf This pair is moving sideways, buy at 1.2055 with Tp1 1.2060/65 Tp2 1.2070/75 Tp3 1.2085/90 while sell at 1.2050 with Tp1 1.2040/45 Tp2 low at 1.2030/35
Gbp/Chf This pair is on uptrend, retracement at 1.4410/20, as swing buy with Tp1 1.4455/60 Tp2 1.4465/70 Tp3 1.4485/90 Tp4 High at 1.4600/10 while as breakout sell at 1.4410/20 with Tp1 1.4400 Tp2 1.4385/90 Tp3 1.4365/70 Tp4 1.4335/45
Euro/Gbp This pair is on downtrend, retracement at 0.8375/80, as swing sell with Tp1 0.8335/45 Tp2 0.8325/30 Tp3 0.8315/20 Tp4 low at 0.8360/70 while as breakout buy at 0.8375/80 with Tp1 0.8390 Tp2 0.8435/40 Tp3 High at 0.8490/95
Aud/Usd This pair is on downtrend, retracement at 1.0605/10, as swing sell with Tp1 low at 1.0560/70 Tp2 1.0510/15 Tp3 1.0475/80 Tp4 1.0445/50 while as breakout buy at 1.0605/10 with Tp1 1.0625/30 Tp2 1.0645/50 Tp3 1.0695/00
Euro/Jpy This pair is on downtrend, retracement at 106.80/90, as swing sell with Tp1 105.70/75 Tp2 105.25/30 Tp3 104.85/90 while as breakout buy at 106.80/90 with Tp1 107.15/20 Tp2 107.45/50 Tp3 108.10/15
Gbp/Jpy This pair is on downtrend, retracement at 127.85/95, as swing sell with Tp1 126.60/65 Tp2 126.10/15 Tp3 125.65/70 while as breakout buy at 127.85/95 with Tp1 128.25/30 Tp2 128.55/60 Tp3 129.30/35
Gold is on downtrend, retracement at 1690/91, as swing sell with Tp1 1670/71 Tp2 low at 1664/65 Tp3 1657/58 while as breakout buy at 1690/91 Tp1 1693/94 Tp2 1698/99 Tp3 1708/09 Tp4 1719/20
Oil is on downtrend, retracement at 106.15/20, as swing sell with Tp1 105.30/35 Tp2 104.30/35 Tp3 103.40/45 Tp4 102.55/60 while as breakout buy at 106.15/20 with Tp1 107.30/35 Tp2 107.90/95 Tp3 109.25/30
We have many Crucial news releases today for the Aussie, Swiss Franc, Sterling, Euro, Dollar & Loonie Currencies:
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AUD Employment Change & Unemployment Rate(Around 1 & a half hour from now): Buy Aud/Usd if 10K or higher or/& 5.0% or better(Lower) while sell if below 5K or/& 5.2% or worse(Higher)
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CHF CPI: Buy Euro/chf Usd/Chf Gbp/Chf if 0% or lower while sell if 0.4% or more
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UK MPC Statement, Rate Decision & APF: Buy if rate is raised to 0.75%, APF is lowered to 300B or below, or/& statement is Hawkish while sell if rate is decreased to 0.25%, AFP increased to 350B, or higher or/& statement is Dovish
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Euro ECB Rate Decion & Press Conference: Buy Euro/Usd if rate is increased to 1.25% or/& ECB President Mario Draghi talks are Hawkish while sell if rate is decreased to 0.75% or/& ECB President Mario Draghi talks are Dovish.
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CAD BOC Rate Decision & Statement: Buy Usd/cad if rate is decreased to 0.75% or/& statement is Dovish while sell if rate is increased to 1.25% or/& statement is Hawkish
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US Unemployment Claims: Buy Usd/Chf & Usd/Jpy if 330K or below while Buy Euro/Usd & Gbp/Usd if 370K or higher
Have A Great Trading Day