Hello Traders,
Forex Signals & Analysis for the 23rd of April 2012:
Short Term Signals:
Usd/Chf Buy 0.9050/55 then 0.9035/40 then 0.8985/90, sell at 0.9150/55 then 0.9180/85 then 0.9205/10
Usd/Jpy Buy at 81.30/35 then 81.25/30 then 81.05/10, sell at 81.75/80 then 81.85/90 then 82.00/05
Euro/Usd Buy at 1.3130/35 then 1.3090/95 then 1.3055/60, sell at 1.3265/70 then 1.3285/90 then 1.3350/55
Gbp/Usd Buy at 1.6030/35 then 1.5990/95 then 1.5945/50, sell at 1.6180/85 then 1.6210/15 then 1.6275/80
Medium Term Daily Analysis:
Usd/Chf This pair is on downtrend, retracement at 0.9125/30, as swing sell with Tp1 0.9050/55 Tp2 0.9035/40 Tp3 low at 0.9010/15 Tp4 0.8985/90 while as breakout buy at 0.9125/30 with Tp1 0.9150/55 Tp2 0.9180/85 Tp3 0.9205/10
Usd/Jpy This pair is on uptrend, retracement at 81.35/40, as swing buy with Tp1 High at 81.75/80 Tp2 81.85/90 Tp3 82.00/05 while as breakout sell at 81.35/40 with Tp1 81.25/30 Tp2 81.05/10 Tp3 80.80/85
Euro/Usd This pair is on uptrend, retracement at 1.3160/70, as swing buy with Tp1 1.3265/70 Tp2 1.3285/90 Tp3 High at 1.3350/60 while as breakout sell at 1.3160/70 with Tp1 1.3130/35 Tp2 1.3090/95 Tp3 1.3050/55
Gbp/Usd This pair is on uptrend, high support at 1.6110/15, break is to retracement at 1.6060/70, as swing buy with Tp1 High at 1.6110/15 Tp2 1.6180/85 Tp3 1.6210/15 Tp4 1.6275/80 while as breakout sell at 1.6060/70 with Tp1 1.6030/35 Tp2 1.5990/95 Tp3 1.5945/50
Usd/Cad This pair is moving sideways with downtrend basis, retracement at 0.9925/30, as swing sell with Tp1 low at 0.9875/85 Tp2 0.9860/65 Tp3 0.9825/30 while as breakout buy at 0.9925/30 with Tp1 0.9865/70 Tp2 0.9985/90 Tp3 1.0015/20
Euro/Cad This pair is trying to base on uptrend, above retracement at 1.3070/75, as swing buy with Tp1 1.3140/45 Tp2 1.3160/65 Tp3 1.3195/00 while as breakout sell at 1.3070/75 with Tp1 1.3035/40 Tp2 1.3010/15 Tp3 1.2985/95
Gbp/Cad This pair is on uptrend, retracement at 1.5965/70, as swing buy with Tp1 High at 1.6035/40 Tp2 1.6060/65 Tp3 1.6100/05 while as breakout sell at 1.5965/70 with Tp1 1.5940/45 Tp2 1.5910/15 Tp3 1.5875/85
Aud/Usd This pair is moving sideways with uptrend basis, retracement at 1.0350/60, as swing buy with Tp1 1.0415/20 Tp2 1.0430/35 Tp3 1.0480/85 while as breakout sell at 1.0350/60 with Tp1 1.0310/15 Tp2 1.0280/85 Tp3 1.0255/60
Aud/Jpy This pair is on uptrend but facing some resistance at 84.60/65(base above will free it upwardā¦), retracement at 84.35/40, as swing buy with Tp1 84.90/95 Tp2 85.10/15 Tp3 85.45/50 while as breakout sell at 84.35/40 with Tp1 84.10/15 Tp2 83.80/85 Tp3 83.55/60
Nzd/Usd This pair is moving sideways with downtrend basis, retracement at 0.8175/85, as swing sell with Tp1 low at 0.8120/25 Tp2 0.8090/95 Tp3 0.8065/70 while as breakout buy at 0.8175/85 with Tp1 0.8215/20 Tp2 0.8230/35 Tp3 0.8275/80
Euro/Jpy This pair is on uptrend, retracement at 107.20/25, as swing buy with Tp1 108.25/30 Tp2 108.50/55 Tp3 109.00/05 while as breakout sell at 107.20/25 with Tp1 107.00/05 Tp2 106.70/75 Tp3 106.30/35
Gbp/Jpy This pair is on uptrend, retracement at 130.75/85, as swing buy with Tp1 131.95/00 Tp2 132.25/30 Tp3 132.75/80 while as breakout sell at 130.75/85 with Tp1 130.35/40 Tp2 129.90/95 Tp3 129.40/50
Chf/Jpy This pair is uptrend but facing some resistance at 89.55/60(base above will power upward movementā¦), retracement at 89.15/20, as swing buy with Tp1 89.95/05 Tp2 90.35/40 Tp3 90.80/85 while as breakout sell at 89.15/20 with Tp1 89.00/05 Tp2 88.65/70 Tp3 88.30/35
Gold is on downtrend, retracement at 1643/44, as swing sell with Tp1 1636/37 Tp2 1634 Tp3 1629/30 Tp4 1620/21 while as breakout buy at 1643/44 with Tp1 1648/49 Tp2 1651/52 Tp3 1655/56
Oil is trying to base on uptrend, above retracement at 103.65/70, as swing buy with Tp1 105.15/20 Tp2 105.70/75 Tp3 106.70/75 while as breakout sell at 103.65/70 with Tp1 102.65/70 Tp2 101.95/00 Tp3 101.15/20
We have an Important news Release today for Aussie Traders:
- Aud PPI: Buy Aud/Usd if 0.7% or better while sell if 0.3% or worse
***Also, there are many Manufacturing PMIās coming out from several countries today starting with China, France, German & the EuroZone which will effect the currencies said respectivelyā¦
Besides, The Market looks at crucial point today which might lead to powerful contunation of current trends or if not then reversals appearing in the picture.
This week is full of Very Important News releases as G7 Meetings, ECB President Mario Draghi & BOC Governor Mark Carney talks, FOMC Statement, NZD RBNZ Statement, BOJ Monetary Policyā¦
So, be well prepared for some nice suspense & actionā¦lol
Have A Great Trading Day