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The Eur/Usd has been in a tight trading range since yesterday the pair has challenged the 1.3930 resistance level 3 times. The pair has challenged the support level of 1.3800 twice.

Watch those levels in your trading, if the resistance level of 1.3930 gets broken look for a target of 1.4100. If the support level of 1.3800 gets broken look for a target of 1.3750.

The news to watch is the unemployment claims report coming out tomorrow. If none of these levels are broken by then that could be a good time to find an entry point. Remember that risk aversion is not strength for the dollar anymore so a bad report should be positive for the Euro. However we never know how the pair will react so watch what the pair does ...

Forex Traders Take Advantage of Forex Signal Amidst Market Chaos

The past few trading days we saw the market as rather confused and a bit imbalanced. My last forecast suggested I was focused on a bear cycle of which one of our Trade Alerts offered at least 35 pips before settling for a 10 pip stop.

Subsequently, today’s early afternoon Market Timing Alert precisely coincided with a bull entry at 3881 with a defined target at 3979; it’s not always as easy as that but all of us experienced a handsome thrust. It’s no fun to be wrong, even for a stop loss under 20 pips or less but it surely is delightful to reverse my focus and capture a great opportunity.

Current EUR/USD Structure Still Carries A Blush ...

INTRADAY TRADING SIGNAL BY ACETRADER.COM :
AUD/USD: 0.7970

Last Update At 18 Jun 2009 01:14 GMT

http://www.acetraderfx.com

As aussie has rebounded after meeting renewed
buying at 0.7926 (Aust.), suggesting consolidation
with upside bias remains n abv 0.7985 (o/n NY high)
wud signal rise fm y'day's 0.7850 low to retrace
recent decline has resumed, 0.7997, then 0.8020/25.

Buy on dips with stop as indicated, below wud
prolong choppy trading n risk 0.7890/00...

Range Forecast
0.7940 / 0.7980

Resistance/Support
R: 0.7997/0.8068/0.8153
S: 0.7926/0.7905/0.7850

[B]Bias: [/B] I feel a test of 0.8010-23 is possible but expect losses from there - or directly below 0.7921

Overall I feel today will be bearish but we have to be mindful of the risk of an earlier retest higher. If the 0.8010-23 area is seen look for bearish reversal patterns - and at most 0.8067-90. From there, or an earlier break below 0.7921 we can push down to 0.7870-91. Take care here - while we are in a sideways consolidation this could hold. Thus any stronger bearish stance (and the risk is raised if price does reach 0.8010-23) a break below 0.7849-70 would signal stronger losses to the 0.7826 low and possibly even the 0.7782 area. Loss implies the MT downtrend is possibly resuming.

Please view the complete ...

Attached Files

• The Brief Daily Forecaster.pdf (23.2 KB, 105 次查看)