Price Forecast: EUR/USD & GBP/USD

EUR/USD Daily Chart

Yesterday's several tests of 1.2885 area failed and current intraday bias is positive above 1.2916 support, struggling below 1.2950 dynamic resistance. I expect a break through the descending trend line to initiate a rise for through 1.3022 crucial level, en route to 1.3170 high.

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GBP/USD Daily Chart

Yesterday's slide below 1.6050 was limited above 1.5997 support area and current intraday bias is already positive above 1.6040 minor support, so my outlook is bullish, for a rise through 1.6145, towards 1.6308 high. 

London & US Session Trend Forecast: FX, OIL, GOLD, S&P500

HURRICANE SANDY UPDATE: U.S. MARKETS TO REMAIN CLOSED TUESDAY

London & US Session Trend Forecast: FX, OIL, GOLD, S&P500

London & US Session Trend Forecast: FX, OIL, GOLD, S&P500

UPDATE: Yen Profits +200 Pips

The system made the right selection on Yen Pairs and advised a "Buy on Dip" strategy. We will now lock-in existing profits and buy on pullbacks.

S&P 500: Dragging the Market Lower!

S&P500: Daily Chart

The S&P 500 broke support at 1420, following a trend channel breakout, both signaling a correction. Breach of 1400 would further strengthen the signal.

London & US Session Trend Forecast: FX, OIL, GOLD, S&P500

GOLD - Targets

London & US Session Trend Forecast: FX, OIL, GOLD, S&P500

Update: CRUDE OIL: 180+ pips: Lock your Profits

Crude Oil Strategy: SELL on Strength

London & US Session Trend Forecast: FX, OIL, GOLD, S&P500

UPDATE ALERT from 19th Oct: JPY Pairs: 0700-0800 GMT

ALERT: CRUDE OIL - SELL Confirmed

The system has generated a CRUDE OIL signal as SELL on DAILY and INTRADAY around 1600 GMT. Bank Level has been breached at 91.85. Stops should now be raised on swing high.

ALERT: JPY Pairs: 0700-0800 GMT

Our system just posted the following confirmations for YEN pairs:

- USD/JPY: Daily & Intraday Trend Confirmed: BUY on dips
- AUD/JPY: Daily & Intraday Trend Confirmed: BUY on dips
- EUR/JPY: Daily & Intraday Trend Confirmed: BUY on dips

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USD/JPY Daily Chart

London & US Session Trend Forecast: FX, OIL, GOLD, S&P500

Update: CRUDE OIL

Bank Level currently stands at 91.85, so your stop loss for a Short position should be around 92.00. We will exit at this point should price hit our Stop Loss and wait for a New Signal Setup.

A 1H chart shows a Triangle pattern with possible upside breakout. Brown Line on the chart is the Bank Level.

ALERT: CRUDE OIL - SELL Signal Confirmed

Crude Oil just confirmed its trend on Daily and Intraday as SELL. Bank Level is also breached at 91.85. Strategy in US session and otherwise will now be SELL ON STRENGTH.

EUR/USD - BUY Trend Intact - Weekly Chart w/Targets

AUD/USD - BUY Trend Generated - Weekly Chart w/Targets

London & US Session Trend Forecast: FX, OIL, GOLD, S&P500

ALERT: NZD/USD - BUY Signal Confirmed

NZD/USD has just confirmed a BUY signal on DAILY and INTRADAY Trend. Bank Level will act as a Stop Loss at 0.81500. Strategy from now at 1400 GMT will be to Buy the dips.

Update: 140+ pips, Lock your profits.

Trend Forecast

Analysis: Technical Daily Charts

Update: Trade Forecast

A wonderful day today. All pairs performing as per Trade Bias posted today around London Open and currently each pair is around 100+ pips. Book profits for now and wait for a dip of 40-50 pips to re-enter.

Trade Forecast

Market is not giving us a chance to enter at our target prices as of now (London Open) so we will wait until its appropriate to jump in.

TREND BIAS

EUR/USD  - UP - Buy the dips
GBP/USD  - UP - Buy the dips
EUR/JPY   - UP - Buy the dips
GBP/JPY   - UP - Buy the dips
USD/CHF  - Down - Sell on Strength
GOLD        - Sideways
OIL            - Sideways
SP500        - UP

Update: Trade Forecast

We have closed NZD/USD with -39 pips as trend seems to be reversing. OIL was around 100 pip + after our signal to short and have closed it. GBP/USD have decided to take a Bullish Trend reversal.

Current Open Trades:

Update: Trade Forecast

All pending orders have been filled except for AUD/JPY. Continue to hold ur positions.

Trade Forecast

Note: GOLD & SP500 looks bearish short term but the trend is still bullish. We will wait for the right patterns.

Update: Daily Forecast: Friday, 12th Oct (-50 pips)

All pending orders have been triggered. Market is still range bound. We will not carry any position over the weekend and therefore book a loss of -50 pips.

Daily Forecast: Update from yesterday

Open Trades:
Ticket	Open T	Type	Size	Item	Price	S / L	T / P		Price				Profit
17684	12.10.11	buy	0.10	eurusd	1.29391	1.28369	1.30369		1.29311			-0.15	-8.00
17684	12.10.11	buy	1.00	s&p	1434.50	1424.00	1444.00		1431.00			0.00	-3.50
17684	12.10.11	sell	0.10	usdchf	0.93426	0.94439	0.92439		0.93499			-0.16	-7.81
										0.00	0.00	-0.31	-19.31
										Floating P/L:		-19.62
Working Orders:
Ticket	Open Time	Type	Size	Item	Price	S / L	T / P	Market Price
17685386	2012.10.11	sell stop	0.10	audjpy	80.000	80.800	0.000		80.489
17685650	2012.10.11	sell stop	0.10	audusd	1.02150	1.02980	0.00000		1.02734
17685389	2012.10.11	buy stop	0.10	euraud	1.26700	1.25700	0.00000		1.25879
17685391	2012.10.11	buy stop	0.10	gbpjpy	126.160	125.160	0.000		125.621

Daily Forecast

Note: OIL and GOLD are range bound so we will leave them for a day to see if there is a continuation of the previous trend or not. Open Trades:
Ticket	Open Time	Type	Size	Item	Price	S / L	T / P		Price	Com	Taxes	Swap	Profit
17684	12.10.11	buy	0.10	eurusd	1.29391	1.28369	1.30369		1.29376	0.00	0.00	0.00	-1.50
17684	12.10.11	sell	0.10	usdchf	0.93426	0.94439	0.92439		0.93453	0.00	0.00	0.00	-2.89
17684	12.10.11	buy	1.00	s&p	1434.50	1424.00	1444.00		1433.00	0.00	0.00	0.00	-1.50
										0.00	0.00	0.00	-5.89
										Floating P/L:		-5.89

 

Update: Trend Bias Working!

Note: Gold & Oil are stuck in a range and we will join the trend as and when confirmed. Open Trades:
Ticket	Open Time	Type	Size	Item	Price	S / L	T / P		Price	Com		Swap	Profit
939	12.10.10 19:19	sell	0.10	eurusd	1.28923	1.29634	1.27934		1.28525	0.00		0.21	39.80
959	12.10.10 19:22	sell	0.10	gbpusd	1.60063	1.60781	1.59081		1.60051	0.00		-0.33	1.20
943	12.10.10 19:21	buy	0.10	usdchf	0.93885	0.93178	0.94877		0.94003	0.00		0.22	12.55
951	12.10.10 21:01	sell	0.10	usdjpy	78.162	0.000	0.000		77.957	0.00		-0.38	26.30
										0.00		-0.28	79.85
										Floating P/L:		79.57

Update: Trade Setups

The time now is around 1800 GMT and FX pairs have taken much needed retracement and now looks ready to move into our TREND BIAS as indicated in the previous post.

Trade Setups-Trend Change or Continuation?

Since the start of the week, market is not giving much opportunities to trend traders like us. The reason is simple, Monday and Tuesday we had retracement but Wednesday looks to provide a clear trend by US open. Please note that we donot trade unless the trend is confirmed. So today it looks like a trend transition phase.

Trend Bias:
Eur/Usd-    Down
Gbp/Usd-   Down
Usd/Chf-    UP
Oil-             UP
Gold-          Down
 

Gold Survery: Participants See Higher Prices Next Week For Gold

Update: Lock in your profits: Today 185+ pips

Update: NFP in about 2 Hours from now! Be careful.

Although we are not much concerned about News but to be on the safe side, reduce your lot size to enter at better levels if market allowed. Please remember to TRADE IN THE DIRECTION OF MAIN TREND ONLY. Main Trend is visible from the BUY/SELL signals of each Instrument posted.

Alternately, if we see any Trade Opportunity, we will immediately post on the Blog. There is no lag.

Daily Forecast

Note: All trades are Market Orders except for last two ones. SP500 and GOLD are pending Orders. There is no trade in OIL today.

Update: Over 150 PIPS Now, Lock Your profits

Daily Forecast

Get Ready for some Big Moves!

Declining ATR across the spectrum of asset classes suggest end to consolidation thus indicating a massive trendy move ahead! 

OIL Trade: Over 300+ pips

SAMPLE: Daily Technical Forecast

FOREX

EUR/USD: Trend is Up/Down/NA. Buy/Sell@  Stop Loss@  Target Profit: 40/70/90 pips              

GBP/USD: Trend is Up/Down/NA. Buy/Sell@  Stop Loss@  Target Profit: 40/70/90 pips 

AUD/USD: Trend is Up/Down/NA. Buy/Sell@  Stop Loss@  Target Profit: 40/70/90 pips 

NZD/USD: Trend is Up/Down/NA. Buy/Sell@  Stop Loss@  Target Profit: 40/70/90 pips 

EUR/JPY: Trend is Up/Down/NA. Buy/Sell@  Stop Loss@  Target Profit: 40/70/90 pips 

GBP/JPY: Trend is Up/Down/NA. Buy/Sell@  Stop Loss@  Target Profit: 40/70/90 pips 

AUD/JPY: Trend is Up/Down/NA. Buy/Sell@  Stop Loss@  Target Profit: 40/70/90 pips 

USD/JPY: Trend is Up/Down/NA. Buy/Sell@  Stop Loss@  Target Profit: 40/70/90 pips 

USD/CHF: Trend is Up/Down/NA. Buy/Sell@  Stop Loss@  Target Profit: 40/70/90 pips 

EUR/AUD: Trend is Up/Down/NA. Buy/Sell@  Stop Loss@  Target Profit: 40/70/90 pips 

EUR/CAD: Trend is Up/Down/NA. Buy/Sell@  Stop Loss@  Target Profit: 40/70/90 pips 

COMMODITIES

OIL: Trend is Up/Down/NA. Buy/Sell@  Stop Loss@  Target Profit: 40/70/90 pips

GOLD:  Trend is Up/Down/NA. Buy/Sell@  Stop Loss@  Target Profit: 10/20/30 points

US INDEX

SP500: Trend is Up/Down/NA. Buy/Sell@  Stop Loss@  Target Profit: 10/20/30 points

Note: All positions are liquidated at the end of the day, unless otherwise indicated.