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

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

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

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

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 ]

DAILY TECHNICAL OUTLOOK ON EUR/USD

EUR/USD - 1.4426...The single currency declined in European morning y'day
to 1.4404 due to cross selling in euro esp vs sterling n chf b4 briefly recover-
ing to 1.4479 in U.S. session, however, unwinding in eur/jpy on risk aversion
due to the selloff in U.S. stocks pressured price again in NY afternoon.

Read More ....

[ Source : Ace Trader ]

Stock prices plunge causing risk aversion. High Yielder's head lower

U.S. Dollar Trading (USD) rebounded against a number of currencies as investors took a risk aversion approach to the market. A sharp plunge in stock prices prompted investors to unwind risky trades on a rebounding Japanese yen, relieving the USD against a number of currencies. Many of the moves were prompted by another two earnings downgrade by Citigroup, pushing share prices lower by 6.6%. In other data news, releases were mixed on Thursday, with positive readings in Durable Goods, whilst ISM manufacturing failed to provide any further support coming in softer than expected at 50.9, it lowest level since March. In U.S. share markets the NASDAQ was down 64.29 points (-2.25%) whilst the Dow Jones plummeted 362.14 points (-2.6%). Crude oil traded at another record high of US$96.24 a barrel to before closing lower by US$1.04 a barrel to US$93.49. Looking ahead, plenty of emphasis will be placed on Non Farm Payrolls. Payrolls will be supported by other jobs data in Unemployment rate for the month of October.

Read More .....

[ Source : Easy Forex]

EURUSD, GBPUSD. Yesterday US Federal Reserve reduced the rate by 25 basic points again …

Yesterday the Federal Reserve once again reduced the rate by 25 basic points. That caused the bear impulse on dollar on forex and the bull impulse at stock exchange.

The dollar tested the next price low on euro in spite of the fact that decrease in the rate was expected by the market. The overwhelming majority of analysts did not doubt that FRS would again dip the rate after a series of negative news on the market of the real estate and industry. However, what is bad for dollar is good for the financial markets of the USA


Read More...

[Source:OpenForex Forex Forecast]

OUR RECOMMENDATION

GBP / USD
2 November 2007 06:38:53
Closed; 2.0787

Expected Range : 2.0680 - 2.0830
Support : 2.0744 / 2.0687 / 2.0617
Resistance : 2.0835 / 2.0876 / 2.0925
Recommendation : buy 2.0808 tp 2.0858 sl 2.0778
sell 2.0846 tp 2.0796 sl 2.0876


EUR/USD
2 November 2007 06:39:03
Closed: 1.4486

Expected Range : 1.4370 - 1.4500
Support : 1.4395 / 1.4355 / 1.4306
Resistance : 1.4502 / 1.4531 / 1.4567
Recommendation : buy 1.4437 tp 1.4487 sl 1.4407
sell 1.4480 tp 1.4430 sl 1.4510

USD / JPY
2 November 2007 06:30:56
Closed: 114.59

Expected Range : 114.00 - 115.35
Support : 114.25 / 113.89 / 113.37
Resistance : 115.02 / 115.55 / 116.17
Recommendation : buy 115.14 tp 115.64 sl 114.86
sell 115.67 tp 115.17 sl 115.97


USD/CHF
2 November 2007 06:39:49
Closed : 1.1582

Expected Range : 1.1669 - 1.1554
Support : 1.1545 / 1.1516 / 1.1472
Resistance : 1.1630 / 1.1669 / 1.1691
Recommendation : buy 1.1590 tp 1.1640 sl 1.1560
sell 1.1620 tp 1.1570 sl 1.1650

OUR RECOMMENDATION

GBP / USD
25 October 2007 14:05:14
price ; 2.047

Expected Range : 2.0549 - 2.0257
Support : 2.0424 / 2.0323 / 2.0257
Resistance : 2.0516 / 2.0549 / 2.0652
Recommendation : Sell 2.0420, SL 2.0470, TP 2.0370
Sell 2.0535-45, SL 2.0585, TP 2.0485

EUR/USD
25 October 2007 14:35:21
price ; 1.4255

Expected Range : 1.4300 - 1.4100
Support : 1.4188 / 1.4126 / 1.4071
Resistance : 1.4289 / 1.4338 / 1.4400
Recommendation : Sell 1.4245, SL 1.4295, TP 1.4195

USD / JPY
25 October 2007 14:53:37
price ; 114.17

Expected Range : 115.87 - 112.60
Support : 113.80 / 113.25 / 112.60
Resistance : 115.02 / 115.71-87 / 116.17
Recommendation : Sell 113.75, SL 114.25, TP 113.25
Buy 114.35, SL 113.85, TP 114.85


USD/CHF
25 October 2007 15:42:21
price ; 1.1713

Expected Range : 1.1785 - 1.1601
Support : 1.1684 / 1.1601 / 1.1564
Resistance : 1.1734 / 1.1785 / 1.1844
Recommendation : Buy 1.1735, SL 1.1685, TP 1.1785
Sell 1.1680, SL 1.1730, TP 1.1630

WINNING SOLUTION SIGNAL

By: Winning Solution System V.9.4.3 Vinal Version

(Time Frame 30M)
Use 5-10% margin only! no more!
Valid Time 00.00 - 17.00 London Time

GBP/USD

Buy Stop : @2.0500 | TP @2.0544 | SL @2.0470
Sell Stop : @2.0460 | TP @2.0428 | SL @2.0490

GBP/JPY

Buy Stop : @234.44 | TP @236.08 | SL @234.14
Sell Limit : @234.04 | TP @232.36 | SL @234.34

EUR/JPY

Buy Stop : @163.06 | TP @164.33 | SL @162.76
Sell Stop : @162.66 | TP @161.49 | SL @162.96

OUR RECOMMENDATION

GBP / USD
25 October 2007 05:50:51
Closed: 2.0511

Expected Range : 2.0380-2.0630
Support : 2.0450 / 2.0398 / 2.0257
Resistance : 2.0516 / 2.0558 / 2.0652
Recommendation : buy 2.0517 tp 2.0567 sl 2.0487
sell 2.0440 tp 2.0390 sl 2.0470


EUR/USD
25 October 2007 05:51:11
Closed: 1.4262

Expected Range : 1.4150 - 1.4305
Support : 1.4212 / 1.4182 / 1.4122
Resistance : 1.4285 / 1.4310 / 1.4349
Recommendation : buy 1.4280 tp 1.4330 sl 1.4250
sell 1.4230 tp 1.4180 sl 1.4280

USD / JPY
25 October 2007 05:51:32
Closed: 114.86

Expected Range : 112.50 - 115.02
Support : 114.16 / 113.25 / 112.60
Resistance : 114.80 / 115.35/ 115.87
Recommendation : buy 114.80 tp 115.30 sl 114.50
sell 113.60 tp 113.10 sl 113.90

USD/CHF
25 October 2007 05:51:43
Closed : 1.1732

Expected Range : 1.1670 - 1.1863
Support : 1.1656 / 1.1601 / 1.1585
Resistance : 1.1785 / 1.1844 / 1.1893
Recommendation : buy 1.1754 tp 1.1804 sl 1.1624
sell 1.1700 tp 1.1650 sl 1.1730

WINNING SOLUTION SIGNAL

By: Winning Solution System V.9.4.3 Vinal Version

(Time Frame 30M)
Use 5-10% margin only! no more!
Valid Time 00.00 - 17.00 London Time

GBP/USD

Buy Limit : @2.0464 | TP @2.0603 | SL @2.0434

Sell Stop : @2.0424 | TP @2.0329 | SL @2.0454


GBP/JPY

Buy Limit : @234.71 | TP @237.04 | SL @234.41

Sell Stop : @234.31 | TP @232.57 | SL @234.61


EUR/JPY

Buy Stop : @163.43 | TP @164.61 | SL @163.13

Sell Stop : @163.03 | TP @162.15 | SL @163.33

WINNING SOLUTION SIGNAL

By: Winning Solution System V.9.4.3 Vinal Version

(Time Frame 30M)
Use 5-10% margin only! no more!
Valid Time 00.00 - 17.00 London Time

GBP/USD

Buy Limit : @2.0360 | TP @2.0436 | SL @2.0330

Sell Stop : @2.0320 | TP @2.0269 | SL @2.0350


GBP/JPY

Buy Limit : @238.53 | TP @239.98 | SL @238.23

Sell Stop : @238.13 | TP @236.91 | SL @238.43


EUR/JPY

Buy Limit : @165.12 | TP @165.83 | SL @164.82

Sell Stop : @164.72 | TP @164.22 | SL @165.02

WINNING SOLUTION SIGNAL

By: Winning Solution System V.9.4.3 Vinal Version

(Time Frame 30M)
Use 5-10% margin only! no more!
Valid Time 00.00 - 17.00 London Time


GBP/USD

Buy Stop : @2.0393 | TP @2.0430 | SL @2.0363

Sell Limit : @2.0353 | TP @2.0308 | SL @2.0383

GBP/JPY

Buy Stop : @239.30 | TP @239.81 | SL @239.00

Sell Limit : @238.90 | TP @238.34 | SL @239.20


EUR/JPY

Buy Stop : @165.32 | TP @165.78 | SL @165.02

Sell Limit : @164.92 | TP @164.34 | SL @165.22

WINNING SOLUTION SIGNAL

TIME FRAME 30M
VALID TIME 00.00 - 17.00 LONDON TIME

GBP / USD

Buy Limit : @2.0385 | TP @2.0471 | SL @2.0355

Sell Stop : @2.0345 | TP @2.0274 | SL @2.0375

GBP/JPY

Buy Limit : @237.32 | TP @238.30 | SL @237.02

Sell Stop : @236.92 | TP @236.11 | SL @237.22

EUR/JPY

Buy Stop : @164.68 | TP @165.16 | SL @164.38

Sell Stop : @164.28 | TP @163.91 | SL @164.58

OUR RECOMMENDATIONS

GBP / USD
5 October 2007 15:26:11
price ; 2.0342

Expected Range : 2.0493 - 2.0084
Support : 2.0277 / 2.0195 / 2.0084
Resistance : 2.0427 / 2.0445 / 2.0493
Recommendation : sell 2.0275, SL 2.0325, TP 2.0225
sell 2.0480/500, SL 2.0550, TP 2.0430

EUR/USD
5 October 2007 15:42:37
price ; 1.4112

Expected Range : 1.4200 - 1.4000
Support : 1.4067 / 1.4042 / 1.3988
Resistance : 1.4149 / 1.4200 / 1.4281
Recommendation : sell 1.4125-45, Sl 1.4205, TP 1.4075

USD / JPY
5 October 2007 15:54:47
price ; 116.55

Expected Range : 118.00 - 115.57
Support : 116.26 / 115.57 / 114.66
Resistance : 116.77 / 117.13 / 118.74
Recommendation : buy 116.80, SL 116.30, TP 117.30
sell 116.25, SL 116.75, TP 115.75

USD/CHF
5 October 2007 16:10:15
price ; 1.1772

Expected Range : 1.1846 - 1.1712
Support : 1.1737 / 1.1712 / 1.1658
Resistance : 1.1813 / 1.1846 / 1.1878
Recommendation : buy 1.11750-35, Sl 1.1700, TP 1.1800
sell 1.1800-10, SL 1.1850, TP 1.1750

OUR RECOMMENDATION

GBP / USD
4 October 2007 14:08:28
price ; 2.0305

Expected Range : 2.0368 - 2.0195
Support : 2.0195 / 2.0084 / 1.9950
Resistance : 2.0330 / 2.0368 / 2.0405
Recommendation : Sell 2.0280, SL 2.0330, TP 2.0230
Buy 2.0335, SL 2.0285, TP 2.0385


EUR/USD
4 October 2007 14:33:46
price ; 1.4096

Expected Range : 1.4200 - 1.3936
Support : 1.4060 / 1.4023 / 1.3936
Resistance : 1.4138 / 1.4200 / 1.4247
Recommendation : Sell 1.4075, SL 1.4125, TP 1.4025
Buy 1.4115, SL 1.4065, TP 1.4165

USD / JPY
4 October 2007 14:51:16
price ; 116.59

Expected Range : 117.58 - 115.57
Support : 116.36 / 115.57 / 115.27
Resistance : 116.77 / 117.13 / 117.58
Recommendation : Buy 116.80, SL 116.30, TP 117.30
Sell 116.30, SL 116.80, TP 115.80


USD/CHF
4 October 2007 15:10:40
price ; 1.1790

Expected Range : 1.1846 - 1.1712
Support : 1.1778 / 1.1712 / 1.1658
Resistance : 1.1808 / 1.1846 / 1.1894
Recommendation : Sell 1.1770, SL 1.1820, TP 1.1720
Buy 1.1810, SL 1.1760, TP 1.1860

OUR RECOMMENDATION

GBP / USD
20 September 2007 04:49:24
Closed:2.0006

Expected Range : 1.9921 - 2.0150
Support : 1.9996 / 1.9945 / 1.9893
Resistance : 2.0050 / 2.0091 / 2.0141
Recommendation : Sell 2.0050 TP 1.9987 SL 2.0096
Buy 2.0030 TP 2.0080 SL 1.9980

EUR/USD
20 September 2007 04:26:11
Closed:1.3961

Expected Range : 1.3850 - 1.4020
Support : 1.3903 / 1.3875 / 1.3832
Resistance : 1.3996 / 1.4035 / 1.4082
Recommendation : Buy 1.3950 TP 1.3996 SL 1.3900
Sell 1.3980 TP 1.3900 SL 1.4020

USD / JPY
20 September 2007 04:47:54
Closed:116.07

Expected Range : 115,66 - 117.00
Support : 115.83 / 115.41 / 114.74
Resistance : 116.55 / 117.02 / 117.61
Recommendation : Buy 115.80 TP 116.50 SL 115.50
Sell 116.70 TP 115.76 SL 117.05

USD/CHF
20 September 2007 04:50:37
Closed;1.1833

Expected Range : 1.1780 - 1894
Support : 1.1800 / 1.1773 / 1.1751
Resistance : 1.1854 / 1.1884 / 1.1940
Recommendation : Buy 1.1820 TP 1.1880 SL 1.1780
Sell 1.1880 TP 1.1780 SL 1.1900

OUR RECOMMENDATION

GBP / USD
19 September 2007 15:07:31
price ; 2.0131

Expected Range : 2.0224 - 2.0027
Support : 2.0108 / 2.0027 / 1.9878
Resistance : 2.0142 / 2.0224 / 2.0345
Recommendation : sell 2.0100-90, SL 2.0150, TP 2.0050

OUR RECOMMENDATION

GBP / USD
19 September 2007 03:45:07
Closed:2.0130

Expected Range : 2.0050 - 2.0220
Support : 2.0092 / 2.0057 / 2.0017
Resistance : 2.0145 / 2.0181 / 2.0225
Recommendation : Buy 2.0080 TP 2.0178 SL 2.0010
Sell 2.0150 TP 2.0100 SL 2.0200

EUR/USD
19 September 2007 03:35:46
Closed:1.3978

Expected Range : 1.3850 - 1.4025
Support : 1.3904 / 1.3856 / 1.3817
Resistance : 1.3992 / 1.4025 / 1.4052
Recommendation : Buy 1.3935 TP 1.3992 SL 1.3880
Sell 1.3997 TP 1.3910 SL.1.4020

USD / JPY
19 September 2007 03:38:48
Closed:116.16

Expected Range : 115.35 - 117.05
Support : 115.94 / 115.48 / 115.06
Resistance : 116.47 / 116.88 / 117.26
Recommendation : Buy 115.80 TP 116.78 SL 115.50
Sell 116.50 TP 115.67 SL 116.89

USD/CHF
19 September 2007 03:48:05
Closed:1.1816

Expected Range : 1.1758 - 1.1885
Support : 1.1794 / 1.1745 / 1.1710
Resistance : 1.1868 / 1.1918 / 1.1949
Recommendation : Sell 1.1850 TP 1.1800 SL 1.1880
Buy 1.1780 TP 1.1867 SL 1.1750

OUR RECOMMENDATION

EUR/USD
7 September 2007 14:53:15
price ; 1.3664

Expected Range : 1.3719 - 1.3551
Support : 1.3635 / 1.3551 / 1.3506
Resistance : 1.3709 / 1.3719 / 1.3817
Recommendation : sell 1.3710-20, SL 1.3760, TP 1.3660
sell 1.3630, SL 1.3680, TP 1.3580

OUR RECOMMENDATION

GBP / USD
7 September 2007 14:35:00
price ; 2.0176

Expected Range : 2.0268 - 2.0042
Support : 2.0140 / 2.0042 / 1.9959
Resistance : 2.0212 / 2.0264 / 2.0333
Recommendation : sell 2.0135, SL 2.0185, TP 2.0085

OUR RECOMMENDATION

GBP / USD
7 September 2007 04:19:27
Closed:2.0236

Expected Range : 2.0150 - 2.0315
Support : 2.0202 / 2.0182 / 2.0135
Resistance : 2.0260 / 2.0330 / 2.0357
Recommendation : Buy 2.0250 TP 2.0287 SL 2.0200
Sell 2.0280 TP 2.0180 SL 2.0350

EUR/USD
7 September 2007 04:06:06
Closed:1.3688

Expected Range : 1.3625 - 1.3750
Support : 1.3645 / 1.3590 / 1.3546
Resistance : 1.3750 / 1.3793 / 1.3835
Recommendation : Buy 1.3665 TP 1.3730 SL 1.3630
Sell 1.3696 SL 1.3655 SL 1.3720

USD / JPY
7 September 2007 04:10:10
Closed:115.36

Expected Range : 114.85 - 116.35
Support : 115.09 / 114.79 / 114.50
Resistance : 115.51 / 116.11 / 116.77
Recommendation : Buy 115.10 TP 115.89 SL 114.80
Sell 115.50 TP 114.90 SL 116.00

USD/CHF
7 September 2007 04:24:19
Closed:1.2010

Expected Range : 1.1958
Support : 1.1998 / 1.1986 / 1.1958
Resistance : 1.2038 / 1.2057 / 1.2092
Recommendation : Sell 1.2050 TP 1.1987 SL 1.2096
Buy 1.1990 TP 1.2062 SL 1.1950

FOREX SIGNALS

Available for Asia Market Open

GBP/USD
BUY @ 2.0254 - 2.0274
SELL @ 2.0214 - 2.0194

USD/JPY
BUY @ 115.54 - 115.74
SELL @ 115.14 - 114.94

GBP/JPY
BUY @ 233.60 - 233.80
SELL @ 233.20 - 233.00

EUR/USD
BUY @ 1.3713 - 1.3733
SELL @ 1.3673 - 1.3653

EUR/JPY
BUY @ 158.13 - 158.33
SELL @ 157.73 - 157.53

ALL TP @ 10 - 50 Pips, SL @ 40Pips

OUR RECOMMENDATION

USD / JPY
6 September 2007 14:47:50 GMT +7
price ; 115.43

Belum ada perubahan pada kondisi USD/JPY. Pergerakan yang terjadi saat ini masih berada dalam konsolidasi di range 117.13 dan 113.85. Intraday bias naik dengan dukungan suport di 114.82. Sedangkan jika USD/JPY break di bawah 114.82 akan mengembalikan fokus pada harga low 113.85 dan 111.58.

Expected Range : 116.60 - 113.85
Support : 114.82 / 113.85 / 111.58
Resistance : 115.95 / 116.60 / 117.13
Recommendation : buy 115.60, SL 115.10, TP 116.10
sell 114.80, SL 115.30, TP 114.30

USD/CHF
6 September 2007 15:07:57
price ; 1.2056

Expected Range : 1.2100 - 1.1988
Support : 1.2020 / 1.1988 / 1.1960
Resistance : 1.2074 / 1.2100 / 1.2150
Recommendation : sell 1.2040, SL 1.2090, TP 1.1990
buy 1.2065, SL 1.2015, TP 1.2115

OUR RECOMMENDATION

GBP / USD
6 September 2007 14:11:46 GMT +7
price ; 2.0223

Expected Range : 2.0268 - 2.0041
Support : 2.0185 / 2.0042 / 1.9959
Resistance : 2.0231 / 2.0268 / 2.0395
Recommendation : sell 2.0180, SL 2.0230, TP 2.0130
sell 2.0265, SL 2.0315, TP 2.0215

EUR/USD
6 September 2007 14:35:20
price ; 1.3640

Expected Range : 1.3719 - 1.3551
Support : 1.3627 / 1.3585 / 1.3551
Resistance : 1.3671 / 1.3719 / 1.3780
Recommendation : buy 1.3660, SL 1.3610, TP 1.3710
sell 1.3700-20, SL 1.3750, TP 1.3650

OUR RECOMMENDATION

GBP / USD
6 September 2007 03:34:31
Closed: 2.0204

Pergerakan mata uang Sterling pada Chart Hourly sampai dengan penutupan market US berada pada RSI 67 (Neutral). Stochastic 85 (Down-Side). Daily trend menunjukkan Strong Bullish, dilihat dari Grafik Intraday berpeluang untuk koreksi kebawah.
Key Resistance di level 2.0230 membuka peluang bagi pair ini untuk menyentuh ke level 2.0265. Value Bolinger Band berada di kisaran level 2.0020 (Neutral) GBP berpeluang bergerak konsolidasi untuk menemukan titik Equilibrium selanjutnya.
Excpected Range: 2.0030-2.0230

Expected Range : 2.0030 - 2.0230
Support : 2.0040 / 2.0000 / 1.9960
Resistance : 2.0230 / 2.0265 / 2.0320
Recommendation : buy 2.0230, TP 2.0280, SL 2.0200
sell 2.0180, TP 2.0120, SL 2.0210

EUR/USD
6 September 2007 03:36:03
Closed: 1.3655

Expected Range : 1.3550 - 1.3680
Support : 1.3573 / 1.3500 / 1.3460
Resistance : 1.3670 / 1.3696 / 1.3718
Recommendation : buy 1.3710, TP 1.3760, SL 1.3680
sell 1.3585, TP 1.3520, SL 1.3615

USD / JPY
6 September 2007 03:37:06
Closed: 115.26

Expected Range : 114.80 - 116.30
Support : 114.50 / 114.30 / 114.00
Resistance : 116.00 / 116.70 / 117.10
Recommendation : sell 116.60, TP 117.10, SL 116.30
buy 114.90, TP 114.40, SL 115.20

USD/CHF
6 September 2007 03:37:51
Closed: 1.2037

Expected Range : 1.2010 - 1.2150
Support : 1.1990 / 1.1958 / 1.1910
Resistance : 1.2118 / 1.2150 / 1.2200
Recommendation : buy 1.2165, TP 1.2220, SL 1.2135
sell 1.2085, TP 1.2025, SL 1.2120

OUR RECOMMENDATION

USD/CHF
5 September 2007 16:20:11 GMT +7
price ; 1.2123

Expected Range : 1.2191 - 1.2074
Support : 1.2093 / 1.2074 / 1.2048
Resistance1.2150 / 1.2191 / 1.2214
Recommendation : buy 1.2105-10, SL 1.2060, TP 1.2160

OUR RECOMMENDATION

USD / JPY
5 September 2007 15:52:07 GMT +7
price ; 115.87

Expected Range : 116.46 - 114.65
Support : 115.32 / 114.65 / 113.85
Resistance : 116.46 / 116.74 / 117.13
Recommendation : sell 115.30, SL 115.80, TP 114.80
buy 116.05, SL 116.55, TP 115.55

OUR RECOMMENDATION

EUR/USD
5 September 2007 15:10:36 GMT +7
price ; 1.3574

Expected Range : 1.3600 - 1.3500
Support : 1.3551 / 1.3520 / 1.3449
Resistance : 1.3627 / 1.3654 / 1.3719
Recommendation : sell 1.3565, SL 1.3615, TP 1.3515
sell on bounce 1.3590, SL 1.3640, TP 1.3540

OUR RECOMMENDATION

GBP / USD
5 September 2007 14:36:47 GMT +7
price ; 2.0072

Expected Range : 2.0125 - 1.9959
Support : 2.0042 / 1.9959 / 1.9906
Resistance : 2.0125 / 2.0161 / 2.0193
Recommendation : sell 2.0065-75, SL 2.0115, TP 2.0015
sell on bounce 2.0120-25, SL 2.0170, TP 2.0070

FOREX SIGNALS

Available for Europe Market Open

GBP/USD
BUY @ 2.0151, TP @ 10 - 100 Pips
SELL @ 2.0111, TP @ 10 - 100 Pips

USD/JPY
BUY @ 116.21, TP @ 10 - 100 Pips
SELL @ 115.81, TP @ 10 - 100 Pips

GBP/JPY
BUY @ 233.69, TP @ 10 - 100 Pips
SELL @ 233.29, TP @ 10 - 100 Pips

EUR/JPY
BUY @ 157.93, TP @ 10 - 100 Pips
SELL @ 157.53, TP @ 10 - 100 Pips

EUR/USD
BUY @ 1.3613, TP @ 10 - 100 Pips
SELL @ 1.3573, TP @ 10 - 100 Pips

We suggest investors make their own decisions on stop-loss positions. We will, however assume that all trades have stop losses at 40 Pips

OUR RECOMMENDATION

GBP / USD
5 September 2007 03:39:38
Closed:2.0133

Expected Range : 2.0041 - 2.0231
Support : 2.0102 / 2.0062/ 2.0014
Resistance : 2.0203 / 2.0244 / 2.0295
Recommendation : sell 2.0150 TP 2.0080 Sl 2.0200
Buy 2.0090 TP 2.0180 SL 2.0050

EUR/USD
5 September 2007 03:41:59
Closed:1.3606

Expected Range : 1.3647 - 1.3680
Support : 1.3581 / 1.3502 / 1.3471
Resistance : 1.3650 / 1.3701 / 1.3755
Recommendation : Sell 1.3635 TP 1.3550 SL 1.3680
Buy 1.3580 TP 1.3659 SL 1.3540

USD / JPY
5 September 2007 03:44:01
Closed:116.34

Expected Range : 115.50 - 117.05
Support : 115.70 / 115.21 / 114.81
Resistance : 116.60 / 117.06 / 117.75
Recommendation : Sell 116.50 TP 115.80 SL 117.00
Buy 115.90 TP 116.76 SL 115.50

USD/CHF
5 September 2007 03:46:21
Closed:1.2116

Expected Range : 1.2050 - 1.2215
Support : 1.2085 / 1.2036 / 1.1984
Resistance : 1.2150 / 1.2213 / 1.2257
Recommendation : Buy 1.2110 TP 1.2189 SL 1.2080
Sell 1.2150 TP 1.2076 SL 1.2200

FOREX SIGNALS

Available from 00.00 GMT to 21:00 GMT

GBP/USD
BUY @ 2.0215 - 2.0235, TP @ 10 - 100 Pips, SL @ 40 Pips
SELL @ 2.0175 - 2.0155, TP @ 10 - 100 Pips, SL @ 40 Pips

USD/JPY
BUY @ 116.10 - 116.30, TP @ 10 - 100 Pips, SL @ 40 Pips
SELL @ 115.70 - 115.50, TP @ 10 - 100 Pips, SL @ 40 Pips

GBP/JPY
BUY @ 234.26 - 234.46, TP @ 10 - 100 Pips, SL @ 40 Pips
SELL @ 233.86 - 233.66, TP @ 10 - 100 Pips, SL @ 40 Pips

EUR/USD
BUY @ 1.3644 - 1.3654, TP @ 10 - 100 Pips, SL @ 40 Pips
SELL @ 1.3604 - 1.3594, TP @ 10 - 100 Pips, SL @ 40 Pips

OUR RECOMMENDATION

GBP / USD
3 September 2007 22:08:47
Closed:2.0179

Expected Range : 2.0120 - 2.0250
Support : 2.0130/ 2.0092 / 2.0050
Resistance : 2.0205 / 2.0254 / 2.0310
Recommendation : Sell 2.0180 TP 2.0120 SL 2.0230
Buy 2.0120 TP 2.0196 SL 2.0080

EUR/USD
3 September 2007 22:08:40
Closed:1.3608

Expected Range : 1.3550 - 1.3720
Support : 1.3590 / 1.3530 / 1.3486
Resistance : 1.3657 / 1.3701 / 1.3750
Recommendation : Sell 1.3650 TP 1.3580 SL 1.3684
Buy 1.3586 TP 1.3645 SL 1.3550


USD / JPY
3 September 2007 22:08:55
Closed:115.85

Expected Range : 115.45 - 116.80
Support : 115.69 / 115.20 / 114.81
Resistance : 116.31 / 116.80 / 117.57
Recommendation : Sell 116.00 TP 115.58 SL 116.50


USD/CHF
3 September 2007 22:08:21
Closed:1.2089

Expected Range : 1.2020 - 1.2215
Support : 1.2035 / 1.1982 / 1.1957
Resistance : 1.2106 / 1.2165 / 1.2215
Recommendation : Buy 1.2050 TP 1.2105 SL 1.2000
Sell 1.2096 TP 1.2040 SL 1.2035

OUR RECOMMENDATION

GBP / USD
28 August 2007 14:07:00
price ; 2.0040

Expected Range : 2.0191 - 1.9955
Support : 1.9978 / 1.9955 / 1.9741
Resistance : 2.0138 / 2.0191 / 2.0257
Recommendation : sell 2.0020, SL 2.0070, TP 1.9970

EUR/USD
28 August 2007 14:27:30
price ; 1.3635

Expected Range : 1.3683 - 1.3550
Support : 1.3618 / 1.3550 / 1.3449
Resistance : 1.3659 / 1.3683 / 1.3707
Recommendation : sell 1.3615, SL 1.3665, TP 1.3565

USD / JPY
28 August 2007 14:58:55
price ; 115.52

Expected Range : 117.13 - 113.99
Support : 115.33 / 113.99 / 111.58
Resistance : 116.24 / 117.13 / 117.58
Recommendation : sell 115.30, SL 115.80, TP 114.80
buy 117.15, SL 116.65, TP 117.65

USD/CHF
28 August 2007 15:18:29
price ; 1.2007

Expected Range : 1.2110 - 1.1992
Support : 1.1992 / 1.1929 / 1.1893
Resistance : 1.2046 / 1.2077 / 1.2110
Recommendation : sell 1.1990, SL 1.2040, TP 1.1940
buy 1.2050, SL 1.2000, TP 1.2100

OUR RECOMMENDATION

GBP / USD
28 August 2007 05:48:31
Closed:2.0122

Expected Range : 2.0050 - 2.0220
Support : 2.0084 / 2.0017 / 1.9970
Resistance : 2.0152 / 2.0217 / 2.0242
Recommendation : Sell 2.0159 TP 2.0085 SL 2.0200
Buy 2.0080 TP 2.0175 SL 2.0050

EUR/USD
28 August 2007 05:47:39
Closed:1.3644

Expected Range : 1.3576 - 1.3750
Support : 1.3609 / 1.3565 / 1.3537
Resistance : 1.3682 / 1.3708 / 1.3773
Recommendation : Sell 1.3693 TP 1.3635 SL 1.3715
Buy 1.3590 TP 1.3678 SL 1.3550

USD / JPY
28 August 2007 05:48:04
Closed:115.92

Expected Range : 115.52 - 117.15
Support : 115.89 / 115.55 / 114.81
Resistance : 116.52 / 116.74 / 117.20
Recommendation : Buy 116.50 TP 116.93 SL 116.00
Sell 116.96 TP 115.90 SL 117.20

USD/CHF
28 August 2007 05:48:55
Closed:1.2030

Expected Range : 1.1950 - 1.2105
Support : 1.1998 / 1.1981 / 1.1906
Resistance : 1.2047 / 1.2092 / 1.2110
Recommendation : Buy 1.1990 TP 1.2080 SL 1.1950
Sell 1.2050 TP 1.1986 SL 1.2100

OUR RECOMMENDATION

GBP / USD
24 August 2007 13:52:55
price ; 2.0005

Expected Range : 2.0155 - 1.9741
Support : 1.9935 / 1.9741 / 1.9651
Resistance : 2.0092 / 2.0155 / 2.0268
Recommendation : sell 1.9995-2.0000, SL 2.0050, TP 1.9945

EUR/USD
24 August 2007 14:09:48
price ; 1.3557

Expected Range : 1.3610 - 1.3449
Support : 1.3534 / 1.3449 / 1.3359
Resistance : 1.3595 / 1.3610 / 1.3641
Recommendation : sell 1.3530, SL 1.3580, TP 1.3480

USD / JPY
24 August 2007 14:29:44
price ; 115.77

Expected Range : 117.13 - 113.99
Support : 114.80 / 113.99 / 111.58
Resistance : 117.13 / 117.58 / 118.51
Recommendation : sell 115.50, SL 116.00, TP 115.00

USD/CHF
24 August 2007 14:45:53
price ; 1.2053


Expected Range : 1.2110 - 1.1994
Support : 1.2041 / 1.1994 / 1.1929
Resistance : 1.2110 / 1.2131 / 1.2214
Recommendation : sell 1.2040, SL 1.2090, TP 1.1990
buy 1.1990-95, SL 1.1940, TP 1.2040

OUR RECOMMENDATION

GBP / USD
22 August 2007 13:48:02
price ; 1.9842

Expected Range : 1.9935 - 1.9651
Support : 1.9741 / 1.9651 / 1.9544
Resistance : 1.9906 / 1.9935 / 2.0027
Recommendation : sell 1.9935, SL 1.9985, TP 1.9885
sell 1.9800, SL 1.9850, TP 1.9750

EUR/USD
22 August 2007 14:19:05
price ; 1.3488

Expected Range : 1.3546 / 1.3359
Support : 1.3449 / 1.3359 / 1.3275
Resistance : 1.3520 / 1.3546 / 1.3625
Recommendation : sell 1.3545-50, SL 1.3500, TP 1.3495
sell 1.3445, SL 1.3495, TP 1.3395

USD / JPY
22 August 2007 14:24:54

Expected Range : 115.69 - 112
Support : 113.99 / 112.77 / 111.58
Resistance : 115.69 / 116.73 / 117.15

Forex Daily Technical Report

The forex market is generally quiet as the week starts. Strong rebound is seen in Asian stock markets which is triggered by Fed's surprise discount rate cut last Friday. Yen crosses continues to rebound further but dollar majors continue to stuck in tight range only. As discussed before, the massive carry trade unwinding is not considered to be completed yet. Fed's discount rate cut, and even Fed Fund rate cut, could halt the current liquidation of riskier assets but the trend will likely continue. But still, with a light economic calendar, and probably support from further rebound in the stock markets, Forex markets will likely continue to consolidate today and this week first.

Data released overnight saw UK Rightmove house prices index rose 0.6% mom, 12.8% yoy. Swiss combined PPI rose 0.1% mom, 2.8% yoy, missing expectation of 0.3% mom, 2.9% yoy. US Leading indicators will be featured in the coming US session and is expected to rebound by rising 0.3% in Jul.

EUR/USD

Daily Pivots: (S1) 1.3381; (P) 1.3463; (R1) 1.3557; More

EUR/USD engages in choppy sideway trading in tight range below 1.3545 today. Intraday bias remains mildly on the upside as long as 1.3482 minor support holds and further rebound to 4 hours 55 EMA (now at 1.3567) could be seen. But upside is expected to be limited below 1.3642 support turned resistance. Below 1.3431 minor support will turn intraday bias back to the downside for 1.3360 low and then a retest of 1.3328/29 cluster support.

In the bigger picture, rise from 1.2483 has completed at 1.3851 already, with bearish divergence conditions in daily MACD and RSI. The current development is reviving the case that whole up trend from 1.1639 (05 low) has completed after three waves up to 1.3851. That is, first move completed at 1.2978, subsequent consolidation completed at 1.2483 and rise from 1.3483 ended with five waves up to 1.3851. Also, 100% projection of 1.1639 to 1.2978 from 1.2483 at 1.3822 is just met.

Having said that, sustained break of 1.3328/29 cluster support (38.2% of 1.2483 to 1.3851 at 1.3328 and 23.6% retracement of 1.1639 to 1.3851 at 1.3329) will add much credence to such case. The current fall from 1.3851 is not expected to stop here and instead it's expected to extend further to support zone between 1.2978 (medium term resistance turned support) and above mentioned 1.3006 cluster support (61.8% of 1.2483 to 1.3851 at 1.3006 and 38.2% retracement of 1.1639 to 1.3851 at 1.3006) before turning into lengthier consolidation. However strong rebound from 1.3328/29 cluster support and a break above 1.3642 will dampen the above view.



GBP/USD

Daily Pivots: (S1) 1.9663; (P) 1.9799; (R1) 1.9947; More

Cable continues to consolidate in tight range below 1.9935 today. At this point, intraday bias remains mildly on the upside as long as 1.9737 minor support holds. Further recovery could be seen towards 4 hours 55 EMA (now at 2.0025). But upside should be limited below 2.0156 support turned resistance and bring another fall. Below 1.9737 will bring a test of 1.952 low and probably 1.9621 support too.

In the bigger picture, break of rising trend line support (1.9183, 1.9621) indicates that a medium term top should be in place at 2.0652 already, after failing to break through important 2.0677 target (61.8% projection of 1.3680 (01 low) to 1.9554 (05 high) from 1.7047 (05 low) at 2.0677). Bearish divergence condition is seen in both daily and weekly MACD too. Initial support could be found at between 55 weeks EMA (now at 1.9524) and 1.9621 low. However, sustained trading below this level will encourage add more credence to the case that whole up rally from 1.7047 has completed too and bring deeper decline to next support zone of 1.9183 and 38.2% retracement of 1.7047 to 2.0652 at 1.9275 first. Meanwhile, a break above 2.0156 support turned resistance will dampen the above view.

Also, note that regardless of the internal structure, the whole rally from 1.7047 represents resumption of the long term up trend from 1.3680. Even though much deeper correction could be seen, the trend will still remain intact as long as long term rising trend line support (1.3680, 1.7047, now at 1.8327) holds.

OUR RECOMMENDATION

GBP / USD
20 August 2007 14:03:09
price ; 1.9849

Expected Range : 1.9935 - 1.9600
Support : 1.9770 / 1.9651 / 1.9544
Resistance : 1.9935 / 2.0027 / 2.0083
Recommendation : sell 1.9765, SL 1.9815, TP 1.9715
sell 1.9930-35, SL 1.9980, TP 1.9880

EUR/USD
20 August 2007 14:23:40
price ; 1.3489

Expected Range : 1.3546 - 1.3359
Support : 1.3465 / 1.3359 / 1.3263
Resistance : 1.3546 / 1.3625 / 1.3714
Recommendation : sell 1.3460, SL 1.3510, TP 1.3410
sell 1.3540-45, SL 1.3590, TP 1.3490

USD / JPY
20 August 2007 15:00:33
price ; 115.33

Expected Range : 115.69 - 111.58
Support : 113.67 / 111.58 / 108.98
Resistance : 115.69 / 117.58 / 118.51
Recommendation : sell 115.65, SL 116.15, TP 115.15
sell 113.65, SL 114.15, TP 113.15

OUR RECOMMENDATION

USD/CHF
16 August 2007 03:50:39
Closed:1.2185

Pergerakan mata uang Swiss pada Chart Hourly sampai dengan penutupan market US berada pada RSI 69 (Neutral). Stochastic 73 (Down-Side). Daily menunjukkan kondisi Trend Bullish, dilihat dari grafik Intraday menunjukkan Strong Bullish.
Key Resistance di level 1.2208, berhasil ditembus Swiss Franc berpeluang Buy baru sampai level 1.2259. Key Support di level 1.2150. Momentum trend turun dimulai kembali jika Swiss Franc break di Support tersebut hingga mencapai key Support berikutnya.

Expected Range : 1.2096 - 1.2250
Support : 1.2150 / 1.2096 / 1.2052
Resistance : 1.2208/ 1.2259 / 1.2306
Recommendation : buy 1.2155, TP 1.2208 SL 1.2105
Sell 1.2198 TP 1.2146 SL 1.2220

OUR RECOMMENDATION

USD / JPY
16 August 2007 14:39:10
price ; 116.07

USD/JPY melanjutkan trend turunya setelah membentuk rebound ke 117.58 hingga mencapai harga low 115.69. Target turun berikutnya ada di 115.14. Sedangkan jika hari ini USD/JPY berhasil bertahan di support 115.69 maka akan membuka peluang konsolidasi menuju 116.73 dan 117.58.

Expected Range : 117.58 - 115.14
Support : 115.69 / 115.14 / 114.43
Resistance : 116.73 / 117.58 / 118.51
Recommendation : buy 116.20, SL 115.70, TP 116.70
sell 116.70-75, SL 117.20, TP 116.20

OUR RECOMMENDATION

GBP / USD
16 August 2007 13:44:42
price ; 1.9823

Sterling membentuk konfigurasi bearishnya setelah sempat rebound ke 1.9958 dan turun mencapai harga low di 1.9805. Pada level ini, penurunan lebih lanjut masih bisa diharapkan selama sterling bertahan di bawah resist 1.9958. Target support terdekat ada di 1.9781. Sedangkan jika hari ini sterling break di atas 1.9958 akan membawa sterling pada kondisi konsolidasi menuju 2.0027. Namun dengan melihat trend bearish yang sangat kuat, resiko untuk turun masih besar bahkan jika sterling melakukan rebound yang kuat ke 2.0156.

Expected Range : 2.0027 - 1.9781
Support : 1.9805 / 1.9781 / 1.9732
Resistance : 1.9958 / 2.0027 / 2.0071
Recommendation : buy 1.9785, SL 1.9735, TP 1.9835
sell 1.9910, SL 1.9960, TP 1.9860


EUR/USD
16 August 2007 14:20:23
price ; 1.3421

Trend turun euro dari 1.3839 terus berlanjut hingga melewati garis retrace 61.8% dari 1.3262 ke 1.3851 yang ada di 1.3487. Saat ini euro berada dalam range trading yang sempit di atas support 1.3373. Outlook untuk jangka pendek euro memasuki kondisi oversold. Break di atas 1.3436 akan membuka ruang konsolidasi ke 1.3504 dengan resiko masih turun.

Expected Range : 1.3504 - 1.3373
Support : 1.3407 / 1.3373 / 1.3307
Resistance : 1.3504 / 1.3573 / 1.3607
Recommendation : sell 1.3500-05, SL 1.3550, TP 1.3450
buy 1.3440, SL 1.3390, TP 1.3490

OUR RECOMMENDATION

GBP / USD
14 August 2007 05:33:30
Closed:2.0121

Pergerakan mata uang Sterling pada Chart Hourly sampai dengan penutupan market US berada pada RSI 36 (Down-Side). Stochastic 34 (Down-Side). Daily trend menunjukkan Konsolidasi, dilihat dari Grafik Intraday menunjukkan kondisi Bearish.
Key Resistance di level 2.0165 membuka peluang bagi pair ini untuk menyentuh ke level 2.0219. Key Support di level 2.0108. Jika berhasil ditembus akan membuka peluang Sell baru bagi pair ini menuju Support 2.0093, Sterling berpeluang Rebound jika secara technical pair ini gagal menembus Support kuat tersebut.

Expected Range 2.0050 - 2.0235
Support 2.0108 / 2.0093 / 2.0050
Resistance 2.0165 / 2.0219 / 2.0252
Recommendation Sell 2.0182 TP 2.0094 TP 2.0220

Buy 2.0100 SL 2.0152 TP 2.0050
EUR/USD
14 August 2007 05:32:33
Closed:1.3609

Pergerakan mata uang Euro pada Chart Hourly sampai dengan penutupan market US berada pada RSI 18 (Down-Side). Stochastic 9 (Down-Side). Daily trend menunjukkan Neutral, dilihat dari Grafik Intraday masih menunjukkan Sideway trading.
Key Resistance 1.3684 akan menstimulasi kenaikkan Euro jika berhasil break di atas Resistance kuat tersebut menuju level berikutnya. Key Support 1.3591 Momentum turun akan dimulai lagi jika Euro berhasil break dibawah Support kuat tsb untuk mencapai target Support dilevel 1.8550.

Expected Range 1.3550 - 1.3703
Support 1.3591 / 1.3550 / 1.3505
Resistance 1.3684 / 1.3724 / 1.3771
Recommendation Sell 1.3650 TP 1.3567 SL 1.3700
Buy 1.3580 TP 1.3646 SL 1.3550

USD / JPY
14 August 2007 05:33:03
Closed:118.24

Pergerakan mata uang Yen pada Chart Hourly sampai dengan penutupan market US berada pada RSI 48 (Up-Side). Stochastic 44 (Down-Side). Daily trend menunjukkan trend Bearish, dilihat dari Grafik Intraday menunjukkan Sideway trading.
Key Resistance di level 118.53 jika berhasil ditembus membuka peluang Buy baru bagi pair ini untuk menyentuh level 119.20. Key Support di 118.08, berpeluang untuk Sell baru hingga mencapai target Support berikut di level 117.84. Momentum untuk trend turun terjadi jika Support tsb berhasil ditembus.

Expected Range 117.63 - 118.96
Support 118.08 / 117.84 / 117.52
Resistance 118.53 / 118.73 / 119.20
Recommendation Sell 118.50 TP 118.02 SL 119.00
Buy 118.00 TP 118.67 SL 117.50

USD/CHF
14 August 2007 05:34:08
Closed:1.2056

Pergerakan mata uang Swiss pada Chart Hourly sampai dengan penutupan market US berada pada RSI 79 (Down-Side). Stochastic 88 (Down-Side). Daily trend menunjukkan Sideway trading, dilihat dari grafik Intraday menunjukkan Bullish terbatas.
Key Resistance di level 1.2099, berhasil ditembus Swiss Franc berpeluang Buy baru sampai level 1.2130. Key Support di level 1.2006. Momentum trend turun dimulai kembali jika Swiss Franc break di Support tersebut hingga mencapai key Support berikutnya.


Expected Range 1.1997 - 1.2150
Support 1.2006 / 1.1991 / 1.1959
Resistance 1.2099 / 1.2130 / 1.2193
Recommendation Buy 1.2020 TP 1.2098 SL 1.1996
Sell 1.2087 TP 1.2008 SL 1.2130

OUR RECCOMENDATION

GBP / USD
9 August 2007 14:17:03
Price ; 2.0364

GBP/USD yang sempat turun ke 2.0156 diikuti dengan rebound yang kuat ke 2.0397 dan didukung dengan kondisi bullish divergen pada grafik hourly di indikator MACD dan RSI. Hal ini membuat outlook GBP/USD menjadi netral dengan kecenderungan konsolidasi di dalam range 2.0461 dan 2.0156. Volatilitas saat ini masih rendah. Break di bawah 2.0278 akan membawa fokus kembali pada harga low 2.0156. Sedangkan peluang rebound akan terbatas pada resist 2.0461.

Expected Range : 2.0461 - 2.0156
Support : 2.0278 / 2.0156 / 2.0056
Resistance : 2.0397 / 2.0461 / 2.0561
Recommendation : sell 2.0275, SL 2.0325, TP 2.0225
buy 2.0400, SL 2.0350, TP 2.0450

EUR/USD
9 August 2007 14:31:06
Price ; 1.3780

Penurunan euro yang terjadi ke level 1.3721 diikuti dengan rebound yang kuat hingga 1.3825. Swing yang terjadi kemarin seakan ingin mencoba menembus kembali harga high 1.3851, namun euro akan berhadapan dengan resist kuat 1.3839. Outlook masih bias untuk konsolidasi di dalam range 1.3839 dan 1.3725 dengan kecenderungan turun kembali selama resist 1.3839 mampu bertahan.

Expected Range : 1.3839 - 1.3683
Support : 1.3725 / 1.3683 / 1.3637
Resistance : 1.3817 / 1.3839 / 1.3851
Recommendation : sell on rally 1.3770-80, SL 1.3820, TP 1.2720

USD / JPY
9 August 2007 14:40:18
Price ; 119.04

Sepeti yang disampaikan kemarin, meskipun USD/JPY berhasil melanjutkan reboundnya dari harga low 117.18, namun USD/JPY masih beresiko untuk turun kembali di kisaran resist 119.80. Break di bawah 118.70 akan membawa USD/JPY kembali fokus pada harga low 117.18. Sebaliknya USD/JPY akan melakukan konsolidasi di dalam range 119.80 dan 117.18.

Expected Range : 119.80 - 117.18
Support : 118.70 / 117.97 / 117.18
Resistance : 119.82 / 120.73 / 120.95
Recommendation : sell on rally 119.00-10, SL 119.50, TP 118.50

USD/CHF
9 August 2007 14:59:17
Price ; 1.1943

USD/CHF masih konsolidasi di atas harga low 1.1815 dan resist 1.1994. Kami melihat proses konsolidasi ini masih akan berlanjut hingga akhir minggu ini. USD/CHF belum memasuki kondisi oversold, dan momentum untuk turun masih terbuka selama resist 1.1994 mampu bertahan. Break di bawah 1.1907 akan membawa fokus kembali pada harga low 1.1815.

Expected Range : 1.2026 - 1.1815
Support : 1.1907 / 1.1815 / 1.1750
Resistance : 1.1994 / 1.2026 / 1.2083
Recommendation : sell 1.1905, SL 1.2055, TP 1.1855
buy 1.1995, SL 1.1945, TP 1.2045

OUR RECCOMENDATION

GBP / USD
8 August 2007 13:46:20
price ; 2.0163

Expected Range : 2.0315 - 2.0091
Support : 2.0135 / 2.0096 / 2.0005
Resistance : 2.0256 / 2.0315 / 2.0461
Recommendation : sell 2.0160-65, SL 2.0210, TP 2.0110

EUR/USD
8 August 2007 14:02:51
Price ; 1.3727

Expected Range : 1.3772 - 1.3680
Support : 1.3700 / 1.3680 / 1.3635
Resistance : 1.3772 / 1.3816 / 1.3839
Recommendation : sell 1.3725-30, Sl 1.3775, TP 1.3675

USD / JPY
8 August 2007 14:16:10
Price ; 119.05

Expected Range : 119.80 - 117.97
Support : 118.73 / 117.97 / 117.18
Resistance : 119.36 / 119.80 / 120.53
Recommendation : buy 119.40, SL 118.90, TP 119.90
sell 118.70, SL 119.20, TP 118.20

USD/CHF
8 August 2007 14:40:39
price ; 1.1992

Expected Range : 1.2083 - 1.1907
Support : 1.1952 / 1.1907 / 1.1815
Resistance : 1.2030 / 1.2083 / 1.2132
Recommendation : buy 1.1985-95, SL 1.1935, TP 1.2035

OUR RECCOMENDATION

GBP / USD
7 August 2007 13:49:20
Price ; 2.0307

Outlook sterling berada dalam konsolidasi setelah pergerakan trend turun yang terakhir. Saat ini sterling bergerak tanpa trend dan kondisi swing di bawah exponential moving averages (EMA 21 and 34). Volatilitas berkurang. Support terdekat ada di 2.0278. Jika hari ini sterling break di bawah 2.0278 maka fokus akan kembali pada harga low 2.0181. Sedangkan di atas 2.0335, outlook menjadi netral.

Expected Range : 2.0461 - 2.0202
Support : 2.0278 / 2.0181 / 2.0157
Resistance : 2.0377 / 2.0461 / 2.0561
Recommendation : sell 2.0275, SL 2.0325, TP 2.0225
buy 2.0340, SL 2.0290, TP 2.0390

EUR/USD
7 August 2007 14:09:21
Price ; 1.3794

Euro berada dalam sideway trade yang ketat setelah pergerakan bullish terakhir. Saat ini euro masih bergerak tanpa trend dan kondisi swings di sekitar exponential moving averages (EMA 21 dan 34). Volatilitas harga masih rendah. Resist kuat ada di 1.3839. Untuk jangka pendek harga masih akan melanjutkan konsolidasinya dikisaran 1.3839 dan 1.3780. Jika euro berhasil break di bawah 1.3780 maka fokus target terletak di support 1.3727.

Expected Range : 1.3839 - 1.3727
Support : 1.3780 / 1.3727 / 1.3683
Resistance : 1.3816 / 1.3839 / 1.3890
Recommendation : sell 1.3775, SL 1.3825, TP 1.3725
sell 1.3835-40, SL 1.3885, TP 1.3785

USD / JPY
7 August 2007 14:23:57
Price ; 118.71

USD/JPY berada dalam kondisi konsolidasi setelah pergerakan bearish yang terakhir. Range trading hari ini ada dikisaran 119.80 dan 118.15. Volatilitas harga masih rendah. Support terdekat ada di 118.15. Break di atas 119.36 akan membuka peluang rebound ke 119.80 dengan resiko masih turun di kisaran resist tersebut.

Expected Range : 119.80 - 118.15
Support : 118.52 / 118.15 / 117.18
Resistance : 119.36 / 120.29 / 120.73
Recommendation : sell 118.50, SL 119.00, TP 118.00
sell 119.80, SL 120.30, TP 119.30

USD/CHF
7 August 2007 14:41:56
Price ; 1.1901

USD/CHF berada dalam kondisi konsolidasi setelah pergerakan turun yang terakhir ke 1.1815. Saat ini volatilitas masih rendah. Konfigurasi masih bearish, meskipun USD/CHF mengalami rebound akan tertahan di resist 1.1981. Trend bearish sepertinya masih akan menunggu momentum. Target turun di harapkan bisa mencapai 1.1700.

Expected Range : 1.1981 - 1.1815
Support : 1.1893 / 1.1815 / 1.1760
Resistance : 1.1925 / 1.1981 / 1.2050
Recommendation : sell 1.1890, SL 1.1940, TP 1.1840
buy 1.1815-20, SL 1.1765, TP 1.1865

UK Service Activity Hits 11-Month Low

UK Purchasing Managers Index - Services (JUL)

Actual: 57.0
Expected: 57.5
Previous: 57.7

After unexpected improvements in manufacturing and construction activity, the service sector report crossed the wires below the market's concensus. Economists had projected a modest cooling for the July purchasing managers index from 57.7 to 57.5. However, a drop in nearly all of the indicator's components pushed the headline number down to 57.0, matching its lowest print since August. The breakdown provided a disappointing checklist. Employment and outstanding business marked a three months low, prices received hit cooled to its lowest levels in at least six months, while the important new business sub-gauge stepped own from June's high. The only notable improvement came from the expectations gauge which climbed for the second consecutive month to 74.5 despite the level of interest rates, the currency and the threat that recent floods may weigh on consumer sentiment and therefore spending.

In the minutes after the indicator was absorbed, GBPUSD was littled moved in its 10 point range above 2.0350 as traders wait for US event risk due later in the morning.

European Retail Sales Increase For First Time In 3 Months

Euro Zone Retail Sales (JUN)
(MoM) (YoY)
Actual: 0.4% 0.9%
Expected: 0.8% 1.4%
Previous: -0.7% (-R) 0.1% (-R)

Like the German figure before it, the Euro Zone's June retail sales report missed the market's projected increase. According to Eurostat's numbers, the total value of reciepts grew 0.4 percent over the month and 0.9 percent from the same period a year ago. Economists forecast a 0.8 percent increase for June, and a 1.4 percent pick up through the year. Adding to the disappointment, the previous month's data was revised lower on both time frames. On the other hand, sentiment was supported by the fact that June's improvement in sales was the first positive number in three months.

In the minutes after the release, EURUSD was barely moved around its 1.37 epicenter.

DailyFX

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OUR RECCOMENDATION

GBP / USD
3 August 2007 14:36:04
Price ; 2.0360

Sterling masih tetap berada dalam range trading stabilnya di 2.0376 dan 2.0181. Outlook masih bias untuk turun selama resist 2.0376 mampu menahannya. Diperlukan break di bawah 2.0181 untuk dimulainya kembali trend turun sterling menuju target retrace 50% dari 1.9622 ke 2.0652 yang ada di 2.0137. Break di atas 2.0376 akan membuka ruang bagi sterling untuk melanjutkan reboundnya ke resist 2.0424.

Expected Range : 2.0424 - 2.0181
Support : 2.0268 / 2.0181 / 2.0137
Resistance : 2.0377 / 2.0424 / 2.0561
Recommendation : sell 2.0345, SL 2.0495, TP 2.0395
buy 2.0380, SL 2.0330, TP 2.0430

EUR/USD
3 August 2007 14:36:13
Price : 1.3701

Euro masih melanjutkan konsolidasinya di dalam range stabilnya 1.3727 dan 1.3611. Untuk jangka pendek outlook masih bias untuk turun selama resist 1.3771 mampu bertahan. Euro berpeluang untuk menguji harga low 1.3611 jika hari ini berhasil break di bawah support 1.3687.

Expected Range : 1.3771 - 1.3611
Support : 1.3687 / 1.3650 / 1.3611
Resistance : 1.3727 / 1.3741 / 1.3777
Recommendation : sell 1.3685, SL 1.3735, TP 1.3635
buy 1.3715, SL 1.3665, TP 1.3765

USD / JPY
3 August 2007 14:52:47
Price ; 119.09

Meskipun USD/JPY mengalami rebound namun masih tetap berada di dalam range konsolidasinya di 119.48 dan 117.59. Dengan kondisi divergen bearish yang terlihat pada grafik hourly, USD/JPY masih berpeluang untuk melanjutkan reboundnya jika berhasil break di atas 119.48 untuk mencapai target resist 119.80. Sedangkan jika hari ini USD/JPY kembali berada di bawah 118.32 maka fokus akan tertuju pada level low 117.59.

Expected Range : 119.80 - 118.32
Support : 118.89 / 118.32 / 117.59
Resistance : 119.48 / 119.80 / 120.73
Recommendation : buy 119.50, SL 119.00, TP 120.00
sell 118.85, SL 119.35, TP 118.35

USD/CHF
3 August 2007 15:27:40
Price ; 1.2062

Meskipun sempat menguat, USD/CHF kembali turun dan tetap berada di dalam range konsolidasinya di 1.2164 dan 1.1979. Outlook masih terlihat netral selama USD/CHF masih berada di dalam range stabil tersebut.

Expected Range : 1.2132 - 1.1979
Support : 1.2026 / 1.1979 / 1.1961
Resistance : 1.2083 / 1.2132 / 1.2164
Recommendation :
sell 1.2025, SL 1.2075, TP 1.1975
buy 1.2085, SL 1.2035, TP 1.2132

Forex Market Issues and Risks

ECB and BoE rates decisions today, both seen unchanged

News and Events:

The dollar rose against the yen for a second straight day on Thursday as traders took advantage of a rebound in US blue-chip stocks to adjust positions before Friday's closely-watched payrolls report.

The Euro and Sterling traded higher even as the European Central Bank and the Bank of England left rates on hold at 4 percent and 5.75 percent, respectively.

Traders said the respite from the recent sharp swings in financial markets prompted a return to selling low-yielding currencies such as the yen and Swiss franc to buy higher-yielding but riskier assets.

Traders said 'The trade this week has been simple: if stocks rise, you short the yen, if they fall, you buy back yen; but the payrolls report today may break this pattern, making the Forex Market less dependent on stocks to asses risk.'

Yesterday, the Dollar was up 0.24% against the yen at 119.16, recovering from four-month 117.61 lows the previous day. The Euro also rose 0.54% to 163.31.

ECB President Jean-Claude Trichet said after the bank's policy meeting that 'strong vigilance' was needed to stem inflation risks, signaling a possible September rate hike. The ECB's Trichet weighed in on the recent volatility in financial markets. He said the central bank was closely monitoring shifts in sentiment and the price movements that were part of a 'normalization of pricing risk.' Analysts said, his remarks on 'normalization of risk' implies that the current volatility will not affect the ECB's tightening campaign.

The EurUsd hit session highs yesterday around 1.3708 after Bundesbank President Axel Weber said fears of a German banking crisis were unfounded following problems at IKB. In a statement, Weber said problems at IKB, which specializes in lending to small- and mid-sized companies, were of an 'institution-specific nature.' IKB has become Europe's most high-profile casualty so far of the crisis in the US sub-prime mortgage market. Its problems have fueled concerns that other German banks might be in trouble. 'Risk aversion is going to remain high. Because people have lost a lot of money and they're not going to put a lot of risk back into the market,' said analyst.


UsdChf was little changed at 1.2034 after having touched 1.2085 high.

Last week's sell-off in the stock market and a slide in corporate bond prices over the past few weeks caused hefty losses for some banks and hedge funds. For currency traders, this has sparked a reversal of risky carry trades where cheap borrowing in the yen is used to fund purchases of high-yielding currencies such as the Australian dollar. The unwinding of carry trades has come in fits and starts, reflecting the market's heightened nervousness about the extent of problems in the U.S. housing and credit sectors.

Yesterday, the high-yielding New Zealand dollar was up 0.69% at 91.48 against the Yen, while the Australian dollar was up 0.84% at 102.23 against the Yen.

Today Key Issues:

* 08.00 EUR July Euro zone PMI Services final 58.1 vs 58.1
* 08.00 EUR July Euro zone PMI Composite final 57.3 vs 57.3
* 09.00 EUR June Euro Retail Sales +0.5% vs -0.5%
* 12.30 US July Non-Farm Payrolls 160k vs 132k
* 12.30 US July Unemployment Rate 4.5% vs 4.5%
* 14.00 US July ISM Non-Manufacturing Index 59 vs 60.7

The Risk Today:

EurUsd consolidated in recent markets low-high range 1.3610 - 1.3728. The break below 1.3750 from last week marks the initial resistance and put 1.3659 former resistances in sight. Initial minor support holds 1.3750 former support. Renewed uptrend may refocus the way upward 1.3925 and 1.3986 resistances.

GbpUsd also consolidated after touching 2.0182 Monday low. Sterling was little up yesterday at 2.0356 in recent trading range 2.0204 - 2.0378. Renewed weakness below 2.0200 will put 2.0100 support (former trend resistance) in sight. A break there will open the door back down to 2.0000 pivot point. Initial resistance holds 2.0378 Tuesday high before 2.0494 Friday high.

UsdJpy touched a new 3-months low at 117.61 on Wednesday before rebounding up to 119.38 yesterday. The risk of further downtrend remains; a clear break of 118.50 pivot point may accelerate the slide to 116.58. Minor resistance holds 120.78 pivot hit last week. Initial resistance holds 119.50 Tuesday high.

UsdChf tested 1.1980 low on Wednesday before rebounding up to 1.2085 yesterday. Pressure remains below 1.2082 (23.6% retracement of 1.2470 - 1.1962 decline). A break there will open the door for further advance toward 1.2217 (50% retracement). But renewed down trend, may shift on 1.1881 early December low and 1.1739 April 2005 trend supports.
EURUSD GBPUSD USDJPY USDCHF
1.3986 S 2.0706 T 124.15 T 1.2217 S
1.3925 S 2.0683 S 120.78 P 1.2157 S
1.3750 M 2.0378 M 119.50 M 1.2082 M
1.3710 2.0365 119.15 1.2030
1.3659 S 2.0182 M 118.50 P 1.1962 S
1.3610 M 2.0100 S 118.01 M 1.1881 K
1.3550 P 2.0000 P 116.58 T 1.1739 T
S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot

OUR RECCOMENDATION

GBP / USD
3 August 2007 05:15:08
Closed:2.0368

Pergerakan mata uang Sterling pada Chart Hourly sampai dengan penutupan market US berada pada RSI 71 (Neutral). Stochastic 42 (Down-Oversold). Daily trend menunjukkan Strong Bearish dilihat dari Grafik Intraday menunjukkan Bullish terbatas.
Key Resistance di level 2.0403 membuka peluang bagi pair ini untuk menyentuh ke level 2.0453. Key Support di level 2.0342. Jika berhasil ditembus akan membuka peluang Sell baru bagi pair ini menuju Support 2.0304, Sterling berpeluang Rebound jika secara technical pair ini gagal menembus Support kuat tersebut.

Expected Range : 2.0275 - 2.0403
Support : 2.0342/ 2.0304 / 2.0287
Resistance : 2.0403 / 2.0453 / 2.0491
Recommendation : Sell 2.0386 TP 2.0320 SL 2.0430

EUR/USD
3 August 2007 05:16:14
Closed:1.3700

Pergerakan mata uang Euro pada Chart Hourly sampai dengan penutupan market US berada pada RSI 74(Neutral). Stochastic 93 (Oversold). Daily menunjukkan Neutral, dilihat dari Grafik Intraday masih menunjukkan sideway trading.
Key Resistence 1.3750 akan mulai lagi jika Euro berhasil break di atas resistence kuat tersebut menuju level berikutnya. key Support 1.3651 namun jika gagal Euro berpeluang untuk Rebound.

Expected Range : 1.3630 - 1.3746
Support : 1.3651 / 1.3628 / 1.3586
Resistance : 1.3716 / 1.3746 / 1.3771
Recommendation : Sell 1.3700 TP 1.3650 SL 1.3750
Buy 1.3680 TP 1.3710 SL 1.3640

USD / JPY
3 August 2007 05:15:43
Closed:119.25

Pergerakan mata uang Yen pada Chart Hourly sampai dengan penutupan market US berada pada RSI 56 (Down-Side). Stochastic 6 (Up-Side). Daily trend menunjukkan Bullish terbatas, dilihat dari Grafik Intraday menunjukkan strong Bearish.
Key Resistance di level 119.58 jika berhasil ditembus membuka peluang Buy baru bagi pair ini untuk menyentuh level 119.92. Key Support di 118.80, berpeluang untuk Sell baru hingga mencapai target Support berikut di level 118.41 momentum untuk trend turun terjadi jika Support tsb berhasil ditembus.

Expected Range : 118.30 - 120.5
Support : 118.80 / 118.41 / 117.96
Resistance : 119.50 / 119.92 / 120.50
Recommendation : Sell 119.58 TP 118.67 SL 120.00
Buy 118.80 TP 119.87 SL 118.50

USD/CHF
3 August 2007 05:14:41
Closed:1.2039

Pergerakan mata uang Swiss pada Chart Hourly sampai dengan penutupan market US berada pada RSI 45 (Neutral). Stochastic 27 (Up-Side). Daily trend menunjukkan Neutral, dilihat dari grafik Intraday menunjukkan Konsolidasi dalam range stabil.
Key Resistance di level 1.2068, berhasil ditembus Swiss Franc berpeluang Buy baru sampai level 1.2096. Key Support di level 1.2009. Momentum trend turun dimulai kembali jika swiss Franc break disupport tersebut untuk menuju support berikutnya.

Expected Range : 1.1970 - 1.2096
Support : 1.2009 / 1.1984 / 1.1972
Resistance : 1.2068 / 1.2096 / 1.2132
Recommendation : Buy 1.2050 TP 1.2089 SL 1.2000
Sell 1.2082 TP 1.2006 SL 1.2130

European Market Update

UK Halifax House Prices Unexpectedly Rise in July

The European indices are currently trading positive territory following a series of strong earnings reports ahead of the open.

European government bonds are currently trading slightly lower in the session following a reversal in Treasuries after US equities made a comeback late yesterday. Similarly, over in the UK, gilts are trading slightly lower as well.

In the UK overnight, Halifax house prices for the month of July, which were expected to decline from June's readings, rose to 0.7% m/m and 11.2% y/y, the highest y/y reading since February of 2005. Despite the unexpected rise, Halifax noted that the data confirmed that growth in house prices is slowing down as the readings continue to rise at a decreasing pace. Despite this, Halifax revised its 2007 price inflation forecast to 6% from the previous forecast of 4%.

The net change in Spanish unemployment for the month of July was 4.5K, below estimates of 6.8K. This is the first time that registered unemployment rose in six months. The number of those claiming unemployment benefits rose by approximately 4,469 or 0.2% according to the Labor Ministry. Do recall, however, that on July 27, the release of second-quarter unemployment came in at 7.95%, the lowest in 29 years.

Swedish preliminary second-quarter GDP rose by more than expected to 1.0% m/m and 3.6% y/y, from first-quarter readings of 0.6% q/q and 3.0% y/y respectively.

The Swiss SVME PMI for the month of July, which was expected to decline, rose to 63.0 from 62.8 in June. The reading was the highest in five months as companies increased output in an attempt to keep pace with demand.

Construction PMI in the UK, which was expected to decline, rose to 61.8 in July from 60.1 in June.

Euro-Zone producer prices for the month of June, which were expected to remain unchanged m/m at 0.3%, declined to 0.1%m/m and remained unchanged y/y at 2.3%. The m/m followed weak intermediate and energy goods prices.

Trade The News Staff
Trade The News, Inc.

OUR RECCOMENDATION

GBP / USD
2 August 2007 13:46:32
Price ; 2.0311

Sterling masih berada dalam range stabilnya dari 2.0376 dan 2.0181. Outlook masih bias untuk turun selama resist 2.0376 mampu menahannya. Momentum trend turun dimulai lagi jika sterling break di bawah low 2.0181 untuk menuju target retrace 50% dari 1.9622 ke 2.0652 yang ada di 2.0137.Sedangkan peluang terjadinya rebound masih terbatas di 2.0424 dengan resiko turun lagi.

Expected Range : 2.0424 - 2.0137
Support : 2.0268 / 2.0181 / 2.0137
Resistance : 2.0376 / 2.0424 / 2.0563
Recommendation : sell 2.0265, SL 2.0315, TP 2.0215
sell 2.0420-25, SL 2.0470, TP 2.0370

EUR/USD
2 August 2007 14:03:05
Price ; 1.3672

Sama dengan sterling, euro masih berada dalam range stabilnya dari 1.3727 dan 1.3611. Outlook saat ini masih netral dengan kecenderungan melanjutkan konsolidasinya di dalam range tersebut. Diperlukan break di atas resist 1.3727 untuk menandakan koreksi dari penurunan 1.3851 telah selesai. Jika tidak maka outlook masih beresiko untuk turun. Trend turun akan dimulai kembali jika euro break di bawah 1.3611 untuk mencapai target zona support 1.3558.

Expected Range : 1.3737 - 1.3558
Support : 1.3637 / 1.3611 / 1.3558
Resistance : 1.3709 / 1.3727 / 1.3771
Recommendation : sell 1.3650, SL 1.3700, TP 1.3600

USD / JPY
2 August 2007 14:27:37
Price ; 118.72

Meskipun sempat turun ke 117.59, USD/JPY tidak mampu bertahan lama di bawah support 118.01 sehingga kembali rebound pada sesi pasar Amerika tadi malam ke 119.14. Intraday masih bias untuk turun selama tertahan di bawah resist 119.48. Sedangkan jika break di atas 119.48 akan mengkonfirmasi telah terbentuknya formasi bottom untuk jangka pendek di 117.59.

Expected Range : 120.48 - 117.59
Support : 118.32 / 117.59 / 117.28
Resistance : 119.14 / 119.48 / 120.73
Recommendation : sell 119.45, SL 119.95, TP 118.95

USD/CHF
2 August 2007 14:55:22
Price ; 1.2032

Selama resist minor 1.2064 masih bertahan, peluang turun USD/CHF dari 1.2164 masih dalam progres untuk menguji harga low 1.1961. Diperlukan break di bawah 1.1961 untuk menandakan dimulainya kembali trend turun dari 1.2467. Sebaliknya, konsolidasi di dalam range stabil ini masih akan berlanjut.

Expected Range : 1.2132 - 1.1961
Support : 1.2023 / 1.1979 / 1.1961
Resistance : 1.2050 / 1.2064 / 1.2132
Recommendation : buy 1.2050, SL 1.2000, TP 1.2100
sell 1.2020, SL 1.2070, TP 1.1970

OUR RECCOMENDATION

GBP / USD
1 August 2007 03:57:31
price ; 2.0311

Expected Range : 2.0480 - 2.0253
Support : 2.0262 / 2.0222 / 2.0174
Resistance : 2.0370 / 2.0420 / 2.0487
Recommendation : buy 2.0288, SL 2.0189, TP 2.0340
sell 2.0470-25, SL 2.0520, TP 2.0357

EUR/USD
1 August 2007 03:57:22
Price ; 1.3679

Expected Range : 1.3770 - 1.3665
Support : 1.3670/ 1.3640 / 1.3606
Resistance : 1.3740 / 1.3770 / 1.3823
Recommendation : sell 1.3740, SL 1.3790, TP 1.3650

USD / JPY
1 August 2007 04:16:23
Price ; 118.61

Expected Range : 118.20 - 119.74
Support : 118.44 / 118.17 / 117.90
Resistance : 119.51 / 119.78 / 120.05
Recommendation : buy 118.70, SL 118.18, TP 119.35
sell 119.05, SL 119.62, TP 118.66

USD/CHF
1 August 2007 03:55:43
price ; 1.2016

Expected Range : 1.1978 - 1.2128
Support : 1.1996 / 1.1974 / 1.1953
Resistance : 1.2082 / 1.2104 / 1.2125
Recommendation : buy 1.2060, SL 1.2010, TP 1.2110

OUR RECOMMENDATION

HANGSENG
31 July 2007 13:09:50

Expected Range : 22900 - 23100
Support : 22900 / 22850 / 22800
Resistance : 23100 / 23150 / 23200
Recommendation : Sell 23080
TP 22980, SL 23130

GBP / USD
31 July 2007 14:19:00
price ; 2.0290

Expected Range : 2.0424 - 2.0181
Support : 2.0224 / 2.0181 / 2.0130
Resistance : 2.0295 / 2.0344 / 2.0424
Recommendation : buy 2.0345, SL 2.0295, TP 2.0395
sell 2.0420-25, SL 2.0470, TP 2.0370

EUR/USD
31 July 2007 14:32:24
Price ; 1.3703

Expected Range : 1.3727 - 1.3611
Support : 1.3667 / 1.3611 / 1.3576
Resistance : 1.3727 / 1.3771 / 1.3824
Recommendation :
sell 1.3690, SL 1.3740, TP 1.3640

USD / JPY
31 July 2007 14:42:00
Price ; 118.94

Expected Range : 119.79 - 117.87
Support : 118.01 / 117.87 / 117.07
Resistance : 119.28 / 119.79 / 120.73
Recommendation : buy 119.30, SL 118.80, TP 119.80
sell 118.75, SL 118.25, TP 119.25

USD/CHF
31 July 2007 15:02:56
price ; 1.2039

Expected Range : 1.2099 - 1.1981
Support : 1.2006 / 1.1981 / 1.1961
Resistance : 1.2099 / 1.2132 / 1.2164
Recommendation : buy 1.2060, SL 1.2010, TP 1.2110

Forex Fundamental Analysis Reports |

FX Awaits Barrage of Data

At 1:00 AM Japan June Housing Starts y/y (exp -3.2%, prev -10.7%)
At 2:00 AM Germany June Retail Sales m/m (exp 1.0%, prev -1.8%)
Germany June Retail Sales y/y (exp -1.7%, prev -3.7%)
At 4:00 AM Germany July Unemployment Rate (exp 9.0%, prev 9.1%)
At 5:00 AM Eurozone July Business Climate (exp 1.46, prev 1.54)
Eurozone July HICP flash y/y (exp 1.9%, prev 1.9%)
Eurozone June Unemployment Rate (exp 7.0%, prev 7.0%)
At 5:30 AM UK July GfK Survey (exp -4.0, prev -3.0)
At 8:30 AM US June core PCE m/m (exp 0.2%, prev 0.1%)
US June core PCE y/y (exp n/f, prev 1.9%)
US June PCE index m/m (exp n/f, prev 0.5%)
US June PCE index y/y (exp n/f, prev 2.3%)
US June Consumption (exp 0.2%, prev 0.5%)
US June Personal Income (exp 0.5%, prev 0.4%)
US Q2 Employment Cost Index (exp 0.9%, prev 0.8%)
Canada May GDP m/m (exp 0.4%, prev 0.3%)
At 9:45 AM US July Chicago PMI (exp 58.0, prev 60.2)
At 10:00 AM US July Consumer Confidence (exp 105.0, prev 103.9)

The dollar continued to give back gains in early Tuesday trading, slipping through 1.37 against the euro and falling beneath 2.03 versus the sterling. The coming session will see a barrage of economic reports for traders to assess the strength of the economies in the Eurozone, US and Canada. The greenback's rebound from last week may be coming to an end, as traders are poised to resume the currency's downtrend against the majors.

US economic reports due out include the Fed's preferred gauge of inflation, the PCE index, June consumption, personal income, Q2 employment cost index, July Chicago PMI and July consumer confidence. The monthly core PCE figure is seen edging up slightly to 0.2% from 0.1%. Consumption for June is forecasted to slip to 0.2%, down from 0.5%, while personal income is expected to edge up slightly to 0.5% versus 0.4%. The Chicago PMI report is seen falling to 58.0, down from June at 60.2. Meanwhile, the Conference Board's index of consumer confidence is expected to improve to 105.0, down from 103.9.

Yen Falls on Mixed Data

The yen relinquished some of its recent gains against the majors, falling to 119 versus the dollar and 163.64 against the euro. Japan's June unemployment rate unexpectedly fell to its lowest level in 9-years at 3.7% while the jobs-to-applicants ratio improved to 1.07, from 1.06. However, the June all-households spending were up by just 0.1%, falling short of estimates for a 0.7% annualized improvement and the monthly figure fell by 0.2%. The wage earner household spending fell by 0.4%. Japan's manufacturing PMI fell beneath the key 50-level for the first time in 4-years, dipping into the territory of contraction at 49.0. The PMI output index also fell to 48.1 while output prices climbed to its highest reading ever at 52.6.

Euro Firms Ahead of Data

The euro recovered ahead of several key reports due out from the Eurozone later in the session. Germany's retail sales are seen improving in June, rising on a monthly basis to 1.0% and reversing the previous month's 1.8% decline and improving to a 1.8% decline versus a 3.7% drop a year earlier. The unemployment rate in Germany is also forecasted to fall to 9.0% from 9.1% in June.

Eurozone reports will also see unemployment for July, seen unchanged at 7.0%. The HICP flash is forecasted to hold steady at 1.9%, while the business climate is seen slipping to 1.46 from 1.54.

We continue to see further euro strength, with the recent drop viewed as a retracement prior to a resumption of its uptrend toward the 1.40-mark against the dollar

MG Financial Group

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OUR RECOMMENDATION

NIKKEI
31 July 2007 06:42:42

Expected Range : 17250 - 17425
Support : 17250 / 17200 / 17150
Resistance : 17425 / 17470 / 17535
Recommendation : Buy 17280
TP 17380, SL 17230

KOSPI
31 July 2007 06:46:56

Expected Range : 241.90 - 246.70
Support : 241.90 / 241.20 / 240.50
Resistance : 246.70 / 247.50 / 248.15
Recommendation : Buy 243.00
TP 244.00 / SL 242.50

HANGSENG
31 July 2007 08:43:46

Expected Range : 22700 - 22900
Support : 22700 / 22650 / 22600
Resistance : 22900 / 22950 / 23000
Recommendation : Sell 22880
TP 22780, SL 22930


GBP / USD
31 July 2007 04:18:43
Closed:2.0243

Expected Range : 2.0158 - 2.0350
Support : 2.0203 / 2.0180 / 2.0141
Resistance : 2.0287 / 2.0303 / 2.0360
Recommendation : Sell 2.0287 TP 2.0210 SL 2.0320

EUR/USD
31 July 2007 04:09:20
Closed:1.3691

Expected Range : 1.3620 - 1.3750
Support : 1.3665/ 1.3631 / 1.3592
Resistance : 1.3735 / 1.3771/ 1.3813
Recommendation : Sell 1.3720 TP 1.3650 SL 1.3750

USD / JPY
31 July 2007 04:19:04
Closed:119.09

Expected Range : 118.50 - 119.80
Support : 118.72 / 118.34 / 117.94
Resistance : 119.50 / 119.87/ 120.37
Recommendation : Buy 118.80 TP 119.50 SL 118.50
Sell 119.47 TP 118.75 SL 119.87

USD/CHF
31 July 2007 04:23:57
Closed:1.2038

Expected Range : 1.1996 - 1.2095
Support : 1.2002 / 1.1982 / 1.1958
Resistance : 1.2073 / 1.2098 / 1.2132
Recommendation : Buy 1.2050 TP 1.2096 SL 1.2000
Sell 1.2080 TP 1.2002 SL 1.2120

OUR RECOMMENDATION

GBP / USD
30 July 2007 14:07:54
Price ; 2.0251

Expected Range : 2.0344 - 2.0120
Support : 2.0181 / 2.0120 / 2.0056
Resistance : 2.0260 / 2.0344 / 2.0424
Recommendation : sell 2.0340-45, SL 2.0390, TP 2.0290
sell 2.0180, SL 2.0230, TP 2.0130

EUR/USD
30 July 2007 14:26:04
Price ; 1.3647

Expected Range : 1.3691 - 1.3576
Support : 1.3611 / 1.3576 / 1.3478
Resistance : 1.3667 / 1.3691 / 1.3771
Recommendation : sell 1.3690, SL 1.3740, TP 1.3640
sell 1.3610, SL 1.3660, TP 1.3560

USD / JPY
30 July 2007 14:51:44
Price ; 118.75

Expected Range : 119.79 - 117.87
Support : 118.01 / 117.87 / 117.07
Resistance : 119.28 / 119.79 / 120.73
Recommendation : sell 119.75-80, SL 120.25, TP 119.25

USD/CHF
30 July 2007 15:14:38
Price ; 1.2062

Expected Range : 1.2132 - 1.2011
Support : 1.2021 / 1.1981 / 1.1961
Resistance : 1.2099 / 1.2132 / 1.2164
Recommendation : buy 1.2080, SL 1.2030, TP 1.2130

Forex Market Summary

U.S. Dollar Trading (USD) continued its recent rallies on the back of other majors. The U.S. dollar was also aided by a technical rebound and a tumble in stick prices. In data news, the GDP for the second quarter was released at a better figure than expectations, with a reading of 3.4% (Forecast: 3.2%), the fastest rate since the first quarter of 2006. Core PCE suggested inflation was moderating, gaining at a surprisingly low 1.4 percent annual rate, within the presumed comfort range of monetary policymakers and the lowest since the second quarter of 2003. In U.S. share markets, further drop in stock prices ensured that the NASDAQ continued to fall, down by 37.10 points (-1.43%) whilst the Dow Jones also tumbled by -208.10 points (-1.54%). Crude Oil rose on Friday by US$2.07 a barrel to US$77.02 as investors remained concerned about recent U.S. economic growth and its effect on near term supplies.

The Euro (EUR) continued to ease on the back of the USD rally. Added to this was a sharp decline in the EURJPY cross with investors taking a risk aversion point of view. Overall the EURUSD traded with a low of 1.3630 and a high of 1.3753 before closing the day at 1.3641 in the New York session.

The Japanese Yen (JPY) continued to rally on unwinding of JPY crosses. Overall the USDJPY traded with a range of a low 118.02 and a high of 119.29 before closing the day at 118.81 in the New York session.

The Sterling (GBP) dropped sharply against the dollar simultaneously reaching a six week low versus the Japanese Yen as high yielder's were sold off across the board. Overall the GBPUSD traded with a range of a low 2.0251 and a high of 2.0493 before closing the day at 2.0259 in the New York session.

The Australian Dollar (AUD) was the biggest mover on Friday easing almost 200 points in the early part of the European Session. The Aussie Dollar moved on the back of the selling off of Japanese crosses which also eased substantially. Overall the AUDUSD traded with a range of a low 0.8520 and a high of 0.8768 before closing the day at 0.8535 in the New York session.

Gold (XAU) fell by US$2.70 an ounce to US$660.10
CURRENCY PAIR IN FOCUS

AUD/JPY The rise in risk aversion originally sent the low-yielding yen to a three-month high against the dollar and a six-week high versus the Euro. However, the Japanese currency's gains versus the dollar proved fleeting, with the greenback boosted by investors repatriating cash out of riskier investments. After an overnight sell-off in credit and stock markets investors continued to pare risky positions such as carry trades, in which they borrow in low yielding currencies to invest in higher-yielding assets. That punished carry-trade favorites such as the New Zealand and Australian dollars.

OUR RECOMMENDATION

NIKKEI
30 July 2007 06:35:47

Expected Range : 17000 - 17150
Support : 17000 / 16950 / 16900
Resistance : 17150 / 17200 / 17250
Recommendation : Buy 17000
TP 17100, SL 16950

KOSPI
30 July 2007 06:39:19

Expected Range : 234.40 - 239.60
Support : 234.40 / 234.00 / 233.50
Resistance : 239.60 / 240.00 / 240.50
Recommendation : Buy 234.40
TP 235.40 / SL 233.90

HANGSENG
30 July 2007 08:40:12

Expected Range : 22425 - 22750
Support : 22425 / 22350 / 22300
Resistance : 22750 / 22800 / 22850
Recommendation : Buy 22470
TP 22570, SL 22420

GBP / USD
28 July 2007 03:24:07
Closed:2.0267

Expected Range : 2.0173 - 2.0358
Support : 2.0223 / 2.0197 / 2.0156
Resistance : 2.0310 / 2.0356 / 2.0402
Recommendation : Sell 2.0300 TP 2.0223 SL 2.0350
Buy 2.0220 TP 2.0320 SL 2.0190

EUR/USD
28 July 2007 03:17:14
Closed;1.3647

Expected Range : 1.3590 - 1.3750
Support : 1.3611 /1.3587 / 1.3535
Resistance : 1.3690 / 1.3726 / 1.3781
Recommendation : Sell 1.3680 TP 1.3590 SL 1.3720
Buy 1.3620 SL 1.3690 SL 1.3580

USD / JPY
28 July 2007 03:20:31
Closed:118.77

Expected Range : 117.90 - 119.65
Support : 118.46 / 118.06 / 117.90
Resistance : 119.79 / 120.73 / 121.53
Recommendation : Buy 118.20 TP 118.90 SL 117.80
Sell 118.96 TP 118.08 SL 119.16

USD/CHF
28 July 2007 03:27:37
Closed:1.2086

Expected Range : 1.2010 - 1.2168
Support : 1.2045 / 1.2007 / 1.1993
Resistance : 1.2092 / 1.2135 / 1.2167
Recommendation : Buy 1.2030 SL 1.2116 SL 1.2000
Sell 1.2093 TP 1.2024 SL 1.2116