GBP/USD
Pivot : 1.9576
Our preference : Short @ 1.9566 with targets @ 1.951 & 1.95 in extension.
Alternative scenario : Above 1.9576 look for further upside with 1.9602 & 1.964 as targets.
Comment : intraday technical indicators are calling for further weakness. A down move is expected with the 1.95 key support in sight (a bounce should then, shape off this area).
Trend: ST Ltd upside; MT Bullish
Key levels Comment
1.97** Fib projection
1.9679** Fib projection
1.9655*** Intraday pivot point
1.9621 Last
1.9601* Fib retracement (50%)
1.9585** Fib retracement (61.8%)
1.9562** Fib retracement (50%)
EUR/USD
Pivot : 1.321
Our preference : Short @ 1.32 with targets @ 1.317 & 1.3149 in extension.
Alternative scenario : Above 1.321 look for further upside with 1.3227 & 1.326 as targets.
Comments : the 30-min RSIU has broken below a rising trend line.
Trend: ST Ltd upside; MT Bullish
Key levels Comment
1.3272** Fib projection
1.326** Intraday resistance
1.323*** Intraday pivot point
1.3219 Last
1.3192** Fib retracement (38.2%)
1.3171** Fib retracement (50%)
1.3149*** Fib retracement (61.8%)
USD/JPY
Pivot : 118
Our preference : Long @ 118.1 with targets @ 118.75 & 119.09 in extension.
Alternative scenario : Below 118 look for further downside with 117.5 & 117.4 as targets.
Comment : the 30-min RSI validated a bullish divergence calling for an upturn.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
120.86** Fib retracement (50%)
120.79** Intraday resistance
120.67* Fib retracement (38.2%)
120.19 Last
120*** Intraday pivot point
119.7** Intraday support
119.5** Intraday support
USD/CHF
Pivot : 1.22
Our preference : Long @ 1.221 with targets @ 1.2246 & 1.2279 in extension.
Alternative scenario : Below 1.22 look for further downside with 1.2163 & 1.2145 as targets.
Comment : the 30-min RSI has broken above a resistance area. This calls for a further rise.
Currency |
Long/Buy |
Short/Sell |
Target |
Stop |
Date |
Remarks |
GBP/JPY |
- |
228.15 |
225.90 |
229.05 |
19-11-2007 |
- |
GBP/USD |
2.0430 |
- |
2.0620 |
2.0355 |
16-11-2007 |
Profit booked of 120 pips |
GBP/JPY |
- |
225.90 |
222.80 |
226.85 |
16-11-2007 |
Stop hit of 95 pips |
GBP/JPY |
- |
231.95 |
227.30 |
232.75 |
14-11-2007 |
Profit booked of 465 pips |
EUR/JPY |
- |
161.25 |
158.00 |
162.05 |
13-11-2007 |
Stop hit of 80 pips |
GBP/USD |
- |
2.01060 |
2.0810 |
2.01165 |
07-11-2007 |
Profit booked of 250 pips |
GBP/JPY |
238.35 |
- |
241.00 |
237.75 |
31-10-2007 |
Profit booked of 265 pips |
GBP/JPY |
- |
237.55 |
234.50 |
238.25 |
30-10-2007 |
Stop hit of 70 pips |
GBP/USD |
2.0430 |
- |
2.0600 |
2.0375 |
24-10-2007 |
Profit booked of 170 pips |
GBP/JPY |
- |
236.85 |
234.50 |
237.55 |
19-10-2007 |
Profit booked of 235 pips |
USD/JPY |
- |
115.30 |
114.10 |
115.90 |
19-10-2007 |
Profit booked of 120 pips |
EUR/JPY |
- |
165.70 |
164.50 |
166.35 |
17-10-2007 |
Profit booked of 120 pips |
EUR/JPY |
164.70 |
- |
166.50 |
164.25 |
17-10-2007 |
Profit booked of 120 pips |
GBP/USD |
- |
2.0430 |
2.0250 |
2.0475 |
15-10-2007 |
Profit booked of 135 pips |
GBP/USD |
2.0250 |
- |
2.0420 |
2.0185 |
12-10-2007 |
Profit booked of 110 pips |
GBP/JPY |
- |
239.40 |
237.00 |
240.25 |
11-10-2007 |
Profit booked of 190 pips |
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)
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