Hello Traders,
Forex Signals & Analysis for 5th June 2012:
Short Term Signals:
Usd/Chf Buy at 0.9555/60 then 0.9530/35 then 0.9470/75, sell at 0.9690/95 then 0.9730/35 then 0.9765/70
Usd/Jpy Buy at 77.95/00 then 77.75/80 then 77.55/60, sell at 78.60/65 then 78.70/75 then 79.00/05
Euro/Usd Buy at 1.2390/95 then 1.2340/45 then 1.2295/00, sell at 1.2560/65 then 1.2585/90 then 1.2665/70
Gbp/Usd Buy at 1.5330/35 then 1.5305/10 then 1.5265/70, sell at 1.5430/35 then 1.5450/55 then 1.5490/95
Medium Term Daily Analysis:
Usd/Chf This pair is trying to base on downtrend, below retracement at 0.9625/35, as swing sell with Tp1 0.9555/60 Tp2 0.9530/35 Tp3 0.9470/75 while as breakout buy with Tp1 0.9690/95 Tp2 0.9730/35 Tp3 0.9765/70
Usd/Jpy This pair is on downtrend, retracement at 78.40/45, as swing sell with Tp1 77.95/00 Tp2 77.75/80 Tp3 77.55/60, while as breakout buy with Tp1 78.60/65 Tp2 78.70/75 Tp379.00/05
Euro/Usd This pair is trying to base on uptrend, above retracement at 1.2465/75, as swing buy with Tp1 1.2560/65 Tp2 1.2585/90 Tp3 1.2665/70 while as breakout sell with Tp1 1.2390/95 Tp2 1.2340/45 Tp3 1.2295/00
Gbp/Usd This pair is on downtrend, retracement at 1.5410/15, as swing sell with Tp1 1.5330/35 Tp2 1.5205/10 Tp3 1.5265/70 while as breakout buy with Tp1 1.5430/35 Tp2 1.5450/55 Tp3 1.5490/95
Usd/Cad This pair is on uptrend, retracement at 1.0365/75, as swing buy with Tp1 1.0450/55 Tp2 1.0475/80 Tp3 1.0510/15 while as breakout sell with Tp1 1.0340/45 Tp2 1.0320/25 Tp3 1.0275/80
Euro/Cad This pair is on uptrend, retracement at 1.2920/30, as swing buy with Tp1 1.3070/75 Tp2 1.3110/15 Tp3 1.3190/95 while as breakout sell with Tp1 1.2880/85 Tp2 1.2825/30 Tp3 1.2765/70
Gbp/Cad This pair is on downtrend, retracement at 1.6010/20, as swing sell with Tp1 1.5920/25 Tp2 1.5890/95 Tp3 1.5835/40 while as breakout buy with Tp1 1.6050/55 Tp2 1.6090/95 Tp3 1.6135/40
Aud/Usd This pair is on downtrend, retracement at 0.9750/60, as swing sell with Tp1 0.9625/30 Tp2 0.9580/85 Tp3 0.9535/40 while as breakout buy with Tp1 0.9790/95 Tp2 0.9815/20 Tp3 0.9890/95
Aud/Jpy This pair is on downtrend, retracement at 76.15/25, as swing sell with Tp1 75.25/30 Tp2 74.75/80 Tp3 74.35/40 while as breakout buy with Tp1 76.75/80 Tp2 77.00/05 Tp3 77.70/75
Nzd/Usd This pair is trying to base on uptrend, above retracement at 0.7550/55, as swing buy with Tp1 0.7615/20 Tp2 0.7645/50 Tp3 0.7695/00, as breakout sell with Tp1 0.7490/95 Tp2 0.7455/60 Tp3 0.7415/20
Euro/Jpy This pair is downtrend, retracement at 98.50/60, as swing sell with Tp1 96.80/85 Tp2 96.25/30 Tp3 95.85/90, while as breakout buy with Tp1 98.80/85 Tp2 99.60/65 Tp3 99.95/00 Tp4 100.30/35
Gbp/Jpy This pair is on downtrend, retracement at 120.85/95, as swing sell with Tp1 119.75/80 Tp2 119.35/40 Tp3 119.00/05 while as breakout buy with Tp1 120.95/00 Tp2 121.20/25 Tp3 121.75/80
Chf/Jpy This pair is on downtrend, retracement at 82.00/10, as swing sell with Tp1 80.55/60 Tp2 80.10/15 Tp3 79.70/75 while as breakout buy with Tp1 82.30/35 Tp2 82.95/00 Tp3 83.50/55
Gbp/Chf This pair is on downtrend, retracement at 1.4845/55, as swing sell with Tp1 1.4720/25 Tp2 1.4695/00 Tp3 1.4620/25 while as breakout buy with Tp1 1.4875/80 Tp2 1.4920/25 Tp3 1.4960/65
Oil is on downtrend, retracement at 84.85/90, as swing sell with Tp1 low at 83.15/20 Tp2 81.35/40 Tp3 80.00/05 Tp4 78.90/95 while as breakout buy with Tp1 85.70/75 Tp2 86.45/50 Tp3 88.50/55
Gold is on uptrend, retracement at 1603/04, as swing buy with Tp1 1632/33 Tp2 1638/39 Tp3 1648/49 while as breakout sell with Tp1 1598/99 Tp2 1588/89 Tp3 1576/77
We have Important News Releases today for the Aussie, Loonie & the Dollar Currency:
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Aud RBA Rate Decision & Statement: Buy Aud/Usd if rate kept at 3.75% or/& statement is Hawkish while sell if rate cut to 3.5% or lower or/& statement is Dovish
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Cad BOC Rate Decision and Statement: Buy Usd/cad if rate is cut to 0.75% or/& statement is Dovish while sell if rate is kept at 1% or raised or/& statement is Hawkish
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US ISM PMI: Buy Usd/Chf & Usd/Jpy if 55 or better while Buy Euro/Usd & Gbp/Usd if 51 or worse
*Take Note Traders, as said yesterday A Medium Term Reversal is trying to be set by many pairs, yesterday was the initial move while today might be the confirmation especially if a clear big movement is marked by the market or might those pairs consolidate waiting for coming days crucial news releases for the Euro, Sterling & Dollar Currency.
Aud/Usd and Usd/Cad(basically and those currency pairs generally) will be highly affected by their news releases that will decide direction for coming days and weeks.
Also, G7 Meetings will be at spotlight today especially for the Euro currency with current European Debt Crisis
Have A Great Trading Day
