Hello Traders,
Forex Signals & Analysis for 3rd April 2012:
Short Term Signals:
Usd/Chf Buy at 0.8985/90 then 0.8965/70 then 0.8930/35, sell at 0.9080/85 then 0.9105/10 then 0.9140/45
Usd/Jpy Buy at 81.30/35 then 80.95/00 then 80.05/10, sell at 83.25/30 then 83.80/85 then 84.35/40
Euro/Usd Buy at 1.3250/55 then 1.3220/25 then 1.3165/70, sell at 1.3390/95 then 1.3425/30 then 1.3475/80
Gbp/Usd Buy at 1.5960/65 then 1.5935/40 then 1.5895/00, sell at 1.6075/80 then 1.6100/05 then 1.6145/50
Medium Term Daily Analysis:
Usd/Chf This pair is on downtrend, retracement at 0.9040/50, as swing sell with Tp1 0.8985/90 Tp2 low at 0.8965/70 Tp3 0.8930/35 while as breakout buy at 0.9040/50 with Tp1 0.9080/85 Tp2 0.9105/10 Tp3 0.9140/45
Usd/Jpy This pair is on downtrend, retracement at 82.35/40, as swing sell with Tp1 low at 81.30/35 Tp2 80.95/00 Tp3 80.05/10 while as breakout buy at 82.35/40 with Tp1 83.25/30 Tp2 83.80/85 Tp3 84.35/40
Euro/Usd This pair is on uptrend, retracement at 1.3310/20, as swing buy with Tp1 1.3390/95 Tp2 High at 1.3425/30 Tp3 1.3475/80, while as breakout sell at 1.3310/20 with Tp1 1.3250/55 Tp2 1.3220/25 Tp3 1.3165/70
Gbp/Usd This pair is on uptrend, retracement at 1.5990/00, as swing buy with Tp1 1.6075/80 Tp2 High at 1.6100/05 Tp3 1.6145/50 while as breakout sell at 1.5990/00 with Tp1 1.5960/65 Tp2 1.5935/40 Tp3 1.5895/00
Euro/Gbp This pair is on downtrend, retracement at 0.8325/30, as swing sell with Tp1 low at 0.8290/95 Tp2 0.8275/80 Tp3 0.8260/65 Tp4 0.8230/35 while as breakout buy at 0.8325/30 with Tp1 0.8350/55 Tp2 0.8370/75 Tp3 0.8395/00
Usd/Cad This pair is on downtrend, retracement at 0.9930/40, as swing sell with Tp1 low at 0.9850/60 Tp2 0.9820/25 Tp3 0.9760/65 while as breakout buy at 0.9930/40 with Tp1 0.9985/90 Tp2 1.0025/30 Tp3 1.0065/70
Aud/Usd This pair is mixed, will trade as breakout as an important news release is awiating us today, sell at 1.0400/05 with Tp1 1.0355/60 Tp2 low at 1.0325/30 Tp3 1.0285/90 while buy at 1.0420/25 with Tp1 1.0470/75 Tp2 1.0495/00 Tp3 1.0540/45
Nzd/Usd This pair is on uptrend, retracement at 0.8310/15, as swing buy with Tp1 0.8275/80 Tp2 0.8295/00 Tp3 0.8335/40 while as breakout sell at 0.8310/15 with Tp1 0.8175/80 Tp2 0.8150/55 Tp3 0.8120/25
Euro/Chf This pair is moving sideways, buy at 1.2045 with Tp1 1.2050/55 Tp2 1.2065/70 while sell at 1.2045 with Tp1 1.2030/35(Buy) Tp2 1.2025/30(Buy) Tp3 low at 1.2020/25(Buy)
Gbp/Chf This pair is on uptrend, retracement at 1.4460/65, as swing buy with Tp1 1.4535/40 Tp2 1.4565/70 Tp3 1.4615/20 while as breakout sell at 1.4460/65 with Tp1 1.4405/10 Tp2 1.4375/80 Tp3 1.4330/35
Euro/Jpy This pair is on downtrend, retracement at 109.60/70, as swing sell with Tp1 108.40/45 Tp2 107.60/65 Tp3 106.25/30 while as breakout buy at 109.60/70 with Tp1 111.10/15 Tp2 111.95/00 Tp3 112.80/85
Gbp/Jpy This pair is on downtrend, retracement at 131.70/80, as swing sell with Tp1 130.40/45 Tp2 129.90/95 Tp3 128.60/65 while as breakout buy at 131.70/80 with Tp1 133.20/25 Tp2 134.00/05 Tp3 134.80/85
Gold is still on a successful uptrend started yesterday, retracement at 1673/74, as swing buy with Tp1 1689/90 Tp2 1695/96 Tp3 1706/07 while as breakout sell at 1673/74 with Tp1 1661/62 Tp2 1653/54 Tp3 1645/46
Oil is mixed, buy at 105.45/50 with Tp1 106.80/85 Tp2 107.65/70 Tp3 109.80/85 while sell at 104.60/65 with Tp1 102.15/20 Tp2 100.75/80 Tp3 99.45/50
We have Crucial News Releases today for the Aussie, Sterling, & Dollar Currency:
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AUD RBA Rate Decision & Statement: Buy Aud/Usd if rate is raised to 4.50% or/& statement is Hawkish while sell if rate is cut to 4.00% or/& statement is Dovish
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UK Construction PMI: Buy Gbp/Usd if 55 or better while sell if 51 or less
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US FOMC Meeting Minutes: Buy Usd/Chf & Usd/Jpy if Statement is Hawkish while Buy Euro/Usd & Gbp/Usd if Statement is Dovish
For Traders or Newbies who do not well know how to trade news releases as Central Banks Statements and who ask how to know if statement is Hawkish or Dovish, I’ll tell you:
Briefly, First Clues for a Hawkish Statement is Central Bank hints or mentions in its statement about possible raise in interest rates and that must have a big % of vote by most if not all members, ofcourse there are also other factors that can be mentioned as tackling controlling inflation, its targets… while a Dovish Statement will mention or hint at possible quantitative easing or purchasing bonds program(most members vote will give bigger indication…), besides determination of weaker(rising) inflation % targets annually…
Certainly, there are also other factors as talking about Employment and Unemployment numbers, targets…
Have A Great Trading Day