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EURUSD Forecast:
The EURUSD attempted to push higher yesterday, topped at 1.3045 but again, failed to consistently move above 1.3000 so far. The bias is neutral in nearest term but I believe we are still in strong upside phase unless price break below 1.2735 region. Immediate support at 1.2950 followed by 1.2880. On the upside, 1.3120 remains the nearest bullish target.



GBPUSD Forecast:
The GBPUSD continued its bullish momentum yesterday, topped at 1.5600 and closed at 1.5594. The bias remains bullish in nearest term targeting 1.5685. Break above that area could trigger further upside pressure testing 1.5815. Immediate support at 1.5470 (former resistance). ...

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.2990

Late Update At 28 Jul 2010 02:36 GMT

Euro has moved sideways in Asian morning after
y'day's retreat fm a 10-week high of 1.3047 to 1.2952 (NY) n further consolidation is expected to continue b4 prospect of a resumption of recent upmove 'later' today to re-test said res, abv, 1.3060/70.


Incline to sell on recovery for pullback to 1.29
75 or buy if euro falls back to 1.2965 for 1.3000.


Range Forecast
1.2975 / 1.3010


Resistance/Support
R: 1.3009/1.3047/1.3095
S: 1.2952/1.2921/1.2889

http://www.acetraderfx.com

Another trade I wanted to share with everyone. I like to check the 8 hr charts when I am looking for some good swing trades. I have found another opportunity with the Aud/Jpy. I posted one last night on the Gbp/Usd which ended up with a loss for me. If you want to read my analysis on that one here.

So lets hope that this Aud/Jpy Trade will work out much more in our favor.
July 27

By the way there is going to be a free forex webinar coming up this week that I will be attending and you can sign up at this link. I am going to be writing a detailed post about this webinar tomorrow that will answer all of your questions.

[B]Bias: [/B] I prefer a more bullish scenario looking for 113.60 to support and for follow-through to 115.66-116.10 at least

The rally developed after a very shallow pullback and still appears to have further to go. This should see the 113.60 support hold and for extension back above the 114.41-68 area towards 115.23 and the next larger resistance at 115.66-85 (max 116.06-16.) Take care in this broad resistance area. Depending on how it arrives at this point will define whether we see a total reversal or just a correction. Only directly above 116.20 would extend gains to 116.98.

Only below 113.50 would concern and suggest a more messy pattern that could see a pullback through to 113.20-30 followed by the 112.78 ...

Attached Files

• The Brief Daily Forecaster.pdf (27.9 KB, 90 次查看)