Hello Traders,
Forex Signals & Analysis for 1st June 2012:
Short Term Signals:
Usd/Chf Buy at 0.9655/60 then 0.9630/35 then 0.9600/05, sell at 0.9750/55 then 0.9770/75 then 0.9810/15
Usd/Jpy Buy at 77.80/85 then 77.60/65 then 77.00/05, sell at 79.05/10 then 79.45/50 then 79.80/85
Euro/Usd Buy at 1.2305/10 then 1.2280/85 then 1.2230/35, sell at 1.2435/40 then 1.2465/70 then 1.2505/10
Gbp/Usd Buy at 1.5305/10 then 1.5260/65 then 1.5165/70, sell at 1.5530/35 then 1.5595/00 then 1.5665/70
Medium Term Daily Analysis:
Usd/Chf This pair is on uptrend, retracement at 0.9670/80, as swing buy with Tp1 0.9750/55 Tp2 High at 0.9770/75 Tp3 0.9810/15 while as breakout sell with Tp1 0.9655/60 Tp2 0.9630/35 Tp3 0.9600/05
Usd/Jpy This pair is on downtrend, low resistance at 78.45/50, break to retracement at 78.75/80, as swing sell with Tp1 low at 78.35/40 Tp2 77.80/85 Tp3 77.60/65 Tp4 77.00/05 while as breakout buy with Tp1 79.05/10 Tp2 79.45/50 Tp3 79.80/85
Euro/Usd This pair is on downtrend, retracement at 1.2410/20, as swing sell with Tp1 1.2305/10 Tp2 low at 1.2275/85 Tp3 1.2230/35 while as breakout buy with Tp1 1.2435/40 Tp2 1.2465/70 Tp3 1.2505/10
Gbp/Usd This pair is on downtrend, retracement at 1.5485/95, as swing sell with Tp1 1.5305/10 Tp2 1.5260/65 Tp3 1.5165/70 while as breakout buy with Tp1 1.5530/35 Tp2 1.5595/00 Tp3 1.5665/70
Usd/Cad This pair is on uptrend, retracement at 1.0290/00, as swing buy with Tp1 1.0390/95 Tp2 1.0420/25 Tp3 1.0475/80 while as breakout sell with Tp1 1.0245/50 Tp2 1.0210/15 Tp3 1.0165/70
Euro/Cad This pair is on downtrend, retracement at 1.2780/90, as swing sell with Tp1 low at 1.2715/20 Tp2 1.2685/90 Tp3 1.2645/50 while as breakout buy with Tp1 1.2820/25 Tp2 1.2850/55 Tp3 1.2885/90
Gbp/Cad This pair is on downtrend, low resistance at 1.5915/20, break to retracement at 1.5840/50, as swing sell with Tp1 1.5915/20 Tp2 1.5865/70 Tp3 1.5845/50 Tp4 1.5800/05 while as breakout buy with Tp1 1.5970/75 Tp2 1.6000/05 Tp3 1.6030/35
Aud/Usd This pair is on downtrend, retracement at 0.9760/70, as swing sell with Tp1 0.9660/65 Tp2 0.9625/30 Tp3 0.9580/85 while as breakout buy with Tp1 0.9790/5 Tp2 0.9820/25 Tp3 0.9870/75
Aud/Jpy This pair is on downtrend, retracement at 76.75/80, as swing sell with Tp1 75.45/50 Tp2 75.00/05 Tp3 74.35/40 while as breakout buy with Tp1 77.10/15 Tp2 77.55/60 Tp3 78.10/15
Nzd/Usd This pair is on downtrend, retracement at 0.7550/60, as swing sell with Tp1 0.7480/85 Tp2 0.7455/60 Tp3 0.7415/20 while as breakout buy with Tp1 0.7580/85 Tp2 0.7610/15 Tp3 0.7640/45
Euro/Jpy This pair is on downtrend, retracement at 97.75/80, as swing sell with Tp1 low at 96.65/75 Tp2 95.95/00 Tp3 95.55/60 Tp4 94.65/70 while as breakout buy with Tp1 98.05/10 Tp2 98.60/65 Tp3 99.25/30
Gbp/Jpy This pair is on downtrend, retracement at 121.95/00, as swing sell with Tp1 low at 120.55/65 Tp2 119.30/35 Tp3 118.70/75 Tp4 117.30/35 while as breakout buy with Tp1 122.50/55 Tp2 123.40/45 Tp3 124.35/40
Chf/Jpy This pair is on downtrend, retracement at 81.35/40, as swing sell with Tp1 low at 80.45/50 Tp2 79.90/95 Tp3 79.50/55 Tp4 78.75/80 while as breakout buy with Tp1 81.60/65 Tp2 82.10/15 Tp3 82.60/65
Gbp/Chf This pair is trying to base on downtrend, below retracement at 1.4970/80, as swing sell with Tp1 1.4905/10 Tp2 1.4885/90 Tp3 1.4830/35 while as breakout buy with Tp1 1.5025/30 Tp2 1.5065/70 Tp3 1.5095/00
Gold is on downtrend, retracement at 1566/67, as swing sell with Tp1 1547/48 Tp2 1541/42 Tp3 low at 1530/31 while as breakout buy with Tp1 1575/76 Tp2 1582/83 Tp3 1591/92
Oil is on downtrend, retracement at 87.60/65, as swing sell with Tp1 low at 85.85/90 Tp2 85.10/15 Tp3 84.40/45 Tp4 83.00/05 while as breakout buy with Tp1 88.35/40 Tp2 89.30/35 Tp3 90.30/35
We have Crucial News Releases today for the Swiss Franc, Sterling, Loonie, & Dollar Currency:
-
CHF Retail Sales: Buy Usd/Chf, Euro/Chf, Gbp/Chf if 3% or lower while sell if 4% or higher
-
UK Manufacturing PMI: Buy Gbp/Usd if 51 or better while sell if 47 or lower
-
CAD GDP: Buy Usd/Cad if 0.2% or lower while sell if 0.6% or higher
-
US NFP: Buy Usd/Chf & Usd/Jpy if 170K or better or/& 8.0%(or better like 7.9%) or 8.1% while Buy Euro/Usd & Gbp/Usd if 130K or worse or/& 8.2% or worse(like 8.3%)
-
US ISM Manufacturing PMI: Buy Usd/Chf & Usd/Jpy if56 or better while Buy Euro/Usd & Gbp/Usd if 52 or worse
Have A Great Trading Day & A Lovely Weekend