Keep Visiting Forexlearner for Latest Forex Daily Levels, Forex Live Rates, Forex Recommendations, Forex News*** "Headline News" October 05, 2007--- JAPAN ECON: Leading Index m/m 30.0% As Expected----

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FOREX SYGNALS SYSTEM

EURO

Latest trading recommendations 08.00 BST, 03.00 EST)  23-05-08 

Currency Date Time Strategy First Target Second target
EUR/US$ (buy) 22-05-08 13.00 Short term buy at 1.5635 1.5655 1.5675
EUR/US$ (sell) 23-05-08 08.00 Short-term, sell at 1.5810 1.5780 1.5750
US$/CHF (buy) 23-05-08 08.00 Short term, buy at 1.0255 1.0275 1.0295
US$/CHF (sell) 22-05-08 13.00 Short term, sell at 1.0395 1.0375 1.0355
AUD/US$ 21-05-08 13.00 Short term, sell at 0.9650 0.9620 0.9590
US$/CAD 21-05-08 13.00 Short term, buy at 0.9830 0.9850 0.9870
EUR/CHF 19-05-08 13.00 Short term, sell at 1.6350 1.6330 1.6310

(We suggest investors make their own stop-loss decisions. We will, however, assume that all trades have stop losses at 30 pips from entry unless we advise otherwise)

Pound

Latest short-term trading recommendations 08.00 BST, (03.00 EST)  23-05-08

Currency Date Time Strategy First target Second target
GBP/US$ (buy) 23-05-08 08.00 Short term buy at 1.9550 1.9580 1.9610
GBP/US$ (sell) 23-05-08 08.00 Short term sell at 1.9840 1.9815 1.9790
EUR/GBP (buy) 06-05-08 13.00 Short term, buy at 0.7810 0.7830 0.7850
EUR/GBP (sell) 23-05-08 08.00 Short term, sell at 0.8000 0.7980 0.7960
           

(We suggest investors make their own decisions on stop-loss positions. We will, however assume that all trades have stop losses at 30 points unless we advise otherwise)

Friday, May 23, 2008

Asian Market Update

The dollar steadied on Friday as oil prices eased on profit-taking after hitting fresh record highs, but the currency stayed in sight of a one-month low against the euro on worries that inflation could lead to a deeper U.S. slowdown.

The dollar tends to move in the opposite direction to oil, and it took a hit on Thursday as oil jumped above $135 for the first time, fuelling concerns about the U.S. economy just as the Federal Reserve is expected to halt its run of interest rate cuts to bolster the country's growth.

The euro held its ground, partly because recent solid data from the euro zone's largest economy, Germany, nurtured speculation that the European Central Bank was more likely to raise rates than cut after keeping them at 4 percent this week.

The yen came under pressure as rising energy prices would also hurt Japan's growth, which is showing signs of softening.

The euro was little changed from late U.S. trade at $1.5731, after rising to a one-month high above $1.5800 on Thursday.

Solid stock markets may spur risk-taking and prompt investors into carry trades, where they use low-yielding currencies such as the yen to buy higher-yielding assets and currencies, undermining the yen, traders said.

The dollar was up nearly 0.1 percent at 104.14 yen, after slipping below 103 yen the previous day. Traders said the dollar was supported by buying from Japanese retail investors and importers but resistance was firm around 105 yen due to Japanese exporter selling.

The single currency was up 0.1 percent against the yen at 163.80 yen.

The rise in bond yields around the globe on inflation concerns also highlights how low Japanese interest rates are, further reducing incentives to buy yen, a dealer at a U.S. securities firm said.

The Bank of Japan kept interest rates steady at 0.5 percent earlier this week and is expected to hold them until global economic prospects become clearer. BOJ Governor Masaaki Shirakawa said the downside risks to the global economy remained high.

U.S. crude ended Thursday down $2.36 at $130.81 after soaring to a record high of $135.09.

Earlier this week, the Fed downgraded its 2008 U.S. economic growth forecast and raised its inflation outlook.

The Fed has cut interest rates to 2 percent from 5.25 percent since September, but markets now expect the central bank to hold steady and possibly raise rates by the end of the year.

Traders said they were waiting for a U.S. report on existing home sales due on Friday for clues on the dollar's direction.



Technicals



EUR/USD


Eased back from 1.5800/14 high as daily tools unwind overbought readings. Pullback has since found support at the 1.5681/1.5700 area though scope is seen for deeper drop. Below to see additional support at 1.5600/30 area, expected to hold for renewed upside test.

GBP/USD


Resistance at 1.9890/00, 1.9850 and 1.9900. Support at 1.9770 and 1.9730/40.

USD/JPY

Trade confined within a 3-week triangle pattern with rebound from 102.73 low back to test the 100-day MA, currently at 104.40. Break over this will see scope for return to 104.69 then the 105.25, triangle top. Support now at 103.64 and 103.45, hold above the latter to keep bull bias in play.

EUR/JPY

Clearance over the 163.00/10 resistance extends the recovery from the 158.60 low and target 163.90 next. Beyond this eye retest of the trendline from the Jul 07 high, now at 164.50, then the 164.98 Apr peak. The 163.00/10 area now initial support ahead of 162.26/50 area seen sustaining the bull tone.


AUD/USD


Bulls on hold as setback from the .9651/55 high see bear engulfing candle weighing. Resistance now at .9615/20 area and unless regained see risk for a deeper drop ahead. Below the .9544 low see support coming in at the .9510 to .9480 area.

Friday, December 7, 2007

OUR RECOMMENDATION

GBP / USD
7 December 2007 05:45:00
Closed: 2.0274
Secara Teknikal Bullish Pattern GBP/USD belum berubah sebelum mencapai next target 1.99 (Macro), Micro-term Sterling rentan akan Reversal. Pada Interval (H1) Indikator RSI (Neutral) dan Oscilator Stochastic cenderung lemah.
Jika Key Resistance 2.0393 berhasil ditembus, membuka peluang bagi Sterling mencapai resistance berikutnya. Key Support 2.0160 berhasil ditembus Sterling berpeluang terkoreksi turun menuju zona support.

Expected Range : 2.0156 - 2.0380
Support : 2.0245 / 2.0156 / 2.0085
Resistance : 2.0350 / 2.0450 / 2.0516
Recommendation : Buy 2.0309 TP 2.0368 SL 2.0271
Sell 2.0239 TP 2.0177 SL 2.0273

EUR/USD
7 December 2007 05:22:26
Closed: 1.4627
Secara Teknikal EUR/USD menunjukan Down-trend dan Micro-Term Euro menunjukkan Bullish Reversal Pada Interval (H1) Indikator RSI dan Oscilator Stochastic cenderung lemah, Euro berpeluang Bullish jika level 1.4680 berhasil di lewati jika gagal Euro berpeluang turun
Key Resistance1.4768 berhasil dilewati membuka peluang bagi pair ini untuk menuju Resistance berikutnya. Key Support di 1.4500 di tembus Euro mampu terstimulasi turun.

Expected Range : 1.4550 - 1.4714
Support : 1.4586 / 1.4520 / 1.4444
Resistance : 1.4670 / 1.4694 / 1.4769
Recommendation : Buy 1.4653 TP 1.4712 SL 1.4632
Sell 1.4586 TP 1.4528 SL 1.4618

USD / JPY
7 December 2007 05:40:03
Closed: 111.26
Secara Teknikal USD/JPY menunjukkan Down-Trend dan Micro-term mengarah pada arah Recovery Indikator RSI dan Oscilator Stcohastic pada Interval (H1) cenderung Sideways (lemah), Jika level 111.29 (0.00% Fibonacci Retracement) berhasil di tembus, JPY berpotensi naik namun peluang turun terbuka jika gagal test level tsb.
Key Resistance 111.30/60 berhasil ditembus Yen berpotensi untuk naik dan Key Support 109.30 berhasil di lewati JPY mampu menyentuh Zona Support berikutnya.

Expected Range : 110.32 - 112.78
Support : 110.84 / 110.30 / 109.55
Resistance : 111.74 / 112.88 / 113.46
Recommendation : Buy 111.37 TP 111.92 SL 111.00
Sell 111.12 TP 110.56 SL 111.45

USD/CHF
7 December 2007 05:53:53
Closed: 1.1299
Secara Teknikal USD/CHF membentuk Trend Bearish (Macro), Micro-term Franc masih bergerak dalam Bullish Reversal, Pada Interval (H1) Indikator RSI dan Oscilator Stochastic cenderung Neutral. Franc mampu mencapai next target berikutnya Jika resistance 1.1352 berhasil di tembus peluang turun masih ada jika MA 9 X MA 18 dengan level tahanan 1.1260
Jika Key Resistance 1.1390 berhasil di break, Franc berpeluang naik. Jika Key Support 1.1120 berhasil di Break Franc mampu terstimulasi turun.


Expected Range : 1.1175- 1.1380
Support : 1.1245 / 1.1214 / 1.1159
Resistance : 1.1324 / 1.1350 / 1.1421
Recommendation : Buy 1.1340 TP 1.1396 SL 1.1309
Sell 1.1272 TP 1.1219 SL 1.1305

Thursday, November 29, 2007

OUR RECOMMENDATION

GBP / USD
29 November 2007 05:20:37
Closed: 2.0813

Expected Range : 2.0694 - 2.0908
Support : 2.0784 / 2.0725 / 2.0684
Resistance : 2.0844 / 2.0882 / 2.0944
Recommendation : Buy 2.0766 TP 2.0816 SL 2.0736
Sell 2.0868 TP 2.0818 SL 2.0898

EUR/USD
29 November 2007 05:02:23
Closed:1.4830

Expected Range : 1.4848 - 1.4636
Support : 1.4776 / 1.4732 / 1.4681
Resistance : 1.4858 / 1.4908 / 1.4967
Recommendation : Buy 1.4856 TP 1.4906 SL 1.4826
Sell 1.4902 TP 1.4852 SL 1.4932

USD / JPY
29 November 2007 05:19:18
Closed: 110.10

Expected Range : 109.20 - 111.25
Support : 109.41 / 108.54 / 107.96
Resistance : 110.83 / 111.32 / 111.89
Recommendation : Buy 109.26 TP 109.76 SL 108.96
Sell 110.68 TP 110.18 SL 110.98

USD/CHF
29 November 2007 05:30:42
Closed: 1.1115

Expected Range : 1.1050 - 1.1259
Support : 1.1071 / 1.1030 / 1.0954
Resistance : 1.1207 / 1.1242 / 1.1298
Recommendation : Buy 1.1063 TP 1.1113 SL 1.1033
Sell 1.1146 TP 1.1096 SL 1.1176

Wednesday, November 28, 2007

OUR RECOMMENDATION

GBP / USD
28 November 2007 06:16:38
Closed: 2.0684

Expected Range : 2.0583 - 2.0800
Support : 2.0636 / 2.0569 / 2.0514
Resistance : 2.0718 / 2.0756 / 2.0845
Recommendation : Buy 2.0768 TP 2.0818 SL 2.0738
Sell 2.0633 TP 2.0583 SL 2.0663


EUR/USD
28 November 2007 05:43:07
Closed:1.4820

Expected Range : 1.4700 - 1.4900
Support : 1.4804 / 1.4769 / 1.4737
Resistance : 1.4846 / 1.4878 / 1.4920
Recommendation : Buy 1.4861 TP 1.4911 SL 1.4831
Sell 1.4807 TP 1.4757 SL 1.4837


USD / JPY
28 November 2007 06:13:02
Closed: 108.95

Expected Range : 107.00 - 109.00
Support : 108.63 / 108.30 / 107.89
Resistance : 109.14 / 109.49 / 109.92
Recommendation : Buy 109.00 TP 109.50 SL 108.70
Sell 109.67 TP 109.17 SL 109.97


USD/CHF
28 November 2007 06:21:32
Closed: 1.1052

Expected Range : 1.0900 - 1.1100
Support : 1.1030 / 1.1009 / 1.0962
Resistance : 1.1080 / 1.1120 / 1.1171
Recommendation : Buy 1.1069 TP 1.1119 SL 1.1039
Sell 1.1137 TP 1.1087 SL 1.1167

Thursday, November 8, 2007

OUR RECOMMENDATION

GBP / USD
8 November 2007 05:51:08
Closed: 2.1022

Expected Range : 2.0950 - 2.1110
Support : 2.0985 / 2.0905 / 2.0865
Resistance : 2.1060 / 2.1106 / 2.1155
Recommendation : Buy 2.0880, TP 2.0930, SL 2.0850
Sell 2.0990, TP 2.0940, SL 2.1020

EUR/USD
8 November 2007 05:42:03
Closed: 1.4641

Expected Range : 1.4550 - 1.4750
Support : 1.4605 / 1.4555 / 1.4485
Resistance : 1.4697 / 1.4735 / 1.4789
Recommendation : Buy 1.4702, TP 1.4752, SL 1.4672
Sell 1.4652, TP 1.4602, SL 1.4682

USD / JPY
8 November 2007 05:38:13
Closed: 112.83

Expected Range : 112.10 - 114.35
Support : 112.57 / 112.02 / 111.77
Resistance : 113.02 / 113.77 / 114.01
Recommendation : Buy 113.37, TP 113.87, SL 113.07
Sell 114.57, TP 114.07, SL 114.87

USD/CHF
8 November 2007 05:51:27
Closed: 1.1330

Expected Range : 1.1250 - 1.1465
Support : 1.1287 / 1.1235 / 1.1175
Resistance : 1.1393 / 1.1460 / 1.1543
Recommendation : Buy 1.1355, TP 1.1405, SL 1.1325
Sell 1.1423, TP 1.1373, SL 1.1453

Monday, November 5, 2007

UPDATE: BOJ Minutes Show External Factors Made BOJ Hold

TOKYO -(Dow Jones)- Minutes of the Bank of Japan's September policy board meeting show how negative external factors made it all but impossible for the central bank to lift interest rates.

Those factors haven't ebbed, suggesting that the BOJ likely won't be able to tighten monetary policy for the rest of the year.

The minutes for the BOJ policy-setting meeting Sept. 18-19 meeting released Monday said board members think Japan's economy and prices will likely move in line with the bank's forecasts.

However, "global financial markets continue to be unstable and uncertainty regarding global economic developments was heightening, mainly due to increasing downside risks to the U.S. economy," the minutes said.

Read More ....

[ Source : Dow Jones News Wire ]

NFP Beat Expectations But Will It Be Enough to Save The Dollar?

Non Farm payrolls for October printed much better than expected at 166,000 jobs versus 85,000 forecast, confirming earlier reports in the week that pointed to a rebound in the US labor markets. The unemployment rate remained the same at 4.7% as did the average weekly hours at 33.8. However, the one dark cloud in the report was the weaker than expected rise in average hourly earnings which increased only 3.8% versus 4.0% projected.

Read More ....

[ Source : Daily FX ]

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