Uncategorized

[B]Bias: [/B] I feel the upside is limited by 0.8225 and should see losses from there

Price has rallied to 0.8796 thus far and we still appear to have one more leg higher to go but I look for the 0.8825 resistance to cap and cause a reversal lower. Thus, watch for a bearish trade set up at this point. I look for this decline to approach the 0.8700 area again.

Please view the complete analysis in the attached PDF file.

For a full description of how to use the analysis please see the Analysis page of my website. The prior day's set ups for potential trading levels highlighted in the report are now available on the Daily Forecast page of my web site.

[IMG] http://www.fx-forecaster. ...

Attached Files

• The Brief Daily Forecaster.pdf (23.5 KB, 109 次查看)

[B]Bias: [/B] Mixed - waiting for breaks

[There seems to be a mildly positive potential today with the 78.49-68 area likely to cap - otherwise, yesterday's comments continue to apply] Friday's gains stalled at 78.12 and this can be considered the lowest area to confirm a reversal higher. I'd still be a bit cautious until the 78.68 area is also broken. Until then there remains risk of sideways consolidation at least and I still can't rule out a break below 76.23...

Please view the complete analysis in the attached PDF file.

For a full description of how to use the analysis please see the Analysis page of my website. The prior day's set ups for potential trading levels highlighted in the report ...

Attached Files

• The Brief Daily Forecaster.pdf (24.2 KB, 107 次查看)

[B]Bias:[/B] The move higher does not yet look complete and while 1.0664-79 supports I look for 1.0857-03

The bearish divergence still remains present in the 8-hour chart but has not been supported by the lower time frames yet. Therefore I feel we are due one more rally. However, early trading could well remain in a range between
1.0664-79 and 1.0767-79 before seeing the last leg higher. Thus a break above 1.0779 would extend gains through to 1.0857-66 at least and potentially 1.0903. I feel this will complete the rally. However, do also keep in mind the 1.0946 resistance...

Please view the complete analysis in the attached PDF file.

For a full description of how to use the analysis please ...

Attached Files

• The Brief Daily Forecaster.pdf (25.1 KB, 112 次查看)

[B]Bias:[/B] Cautiously I feel we have seen the low and should see gains

The range dramatically broke and extend losses to the 139.30-35 lows. Although I can't see anything to suggest a reversal I feel we should be aware of the risk of a push higher. Wait for break above 141.36 and if seen it should extend the gains to 141.87 and 142.08. Again, this higher resistance at 142.08 looks important if there is a direct test as it should then hold. If we see earlier corrections then it may not have the same power. Above 142.08 would extend gains to 142.47, 143.00-05 and then the stronger 143.45-55 pivot resistance which I feel would hold.

Please view the complete analysis in the attached PDF file.

...

Attached Files

• The Brief Daily Forecaster.pdf (23.4 KB, 116 次查看)