FOREX Trade Signal for – Symbol = AUDNZD.

FOREX Trade Alert for Tuesday Jul 29, 2008.

Market is holding above the 1.2414 level. 4xgenie Action: ==> Sell aud/nzd at 1.2816. Stop at 1.2986. Elloitt Wave 5 could drop down to 1.2648 or 1.2487. NOTE: The width of the Bollinger Bands is expanding which indicates that prices are trending. A divergence in the MACD indicator has been found. The current upward trend may soon correct or end. The CCI is above 100. This currency pair AUD/NZD is overbought at this time.

Sorry I Can Not DROW for nothing. Ijus whant to show you DIVERGENCE is like a SHARK in the woter.

Someting is fishy in this currency pair AUD/NZD.

Next Day Trading Ranges for Tuesday Jul 29, 2008.

The 20 day moving average of the daily trading range is 101 Pips, and the 60 day moving average of the daily trading range is 100 Pips. This shows that volatility has increased in the short term. The percentage of updays when the open/low ratio is less than 25% is 74.36 percent. This means that if this currency pair AUD/NZD does not drop more than 25 Pips from the opening price then there is a 74.36 percent chance that this will be an upday.

Monthly Pivots Points.

The [R3] or the most extreme high trading range is 1.3040.

The [R2] or the extreme high trading range is 1.2991.

The [R1] or the high trading range is 1.2932.

The [P] or pivot point is 1.2883.

The [S1] or the low trading range is 1.2824.

The [S2] or the extreme low trading range is 1.2775.

The [S3] or the most extreme low trading range is 1.2716.

Current Day Trading Session:

Momentum is continuing upward at the present time.

Next Day Trading Session:

If the next day’s close is below 1.2906 then that could be a sign that the current upward momentum is reversing.

4xGenie Support Team

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Forex Straddle

FOREX TRADE ALERT for Symbol EUR/USD.

FOREX TRADE ALERT FOR TUESDAY Jul. 29. 2008.

Forex Trading Strategy to trade Forex when you don’t know
which way the currency pair (eur/usd) will head, but you know it will big move in one direction.
And, you place TWO LIMIT ORDERS.

FOREX GENIE

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Forex Trade Alert for – Symbol  USD/CAD.

Forex Trade Alert for Wednesday Jul 23, 2008.

July 23.2008 : The Currency pair USD/CAD (Canadian Dollar) is setting up in a nice Triangle Pattern. This Would be a long above the upper trendline or short below the lower trendline. The best thing you can do it set price alerts within your real time quotes so that you can be alerted to a breakout without being forced to follow price every hour. These set ups are nice because we can use tight stops, which allow for maximum RISK : REWARD. RISK : REWARD is a basic measure of treading success which measures the difference between a potential loss and gain, or a potential gain against a loss. If we risk 162 pips, like we would with the USD/CAD, and make 333 pips, then our RISK : REWARD is 2:1, because our gain would be 2 times that of our potential loss. THESE ARE JUST OK. TRADES !  RISK : REWARD 2:1, WE PREFER 3:1 OR MORE ! Elliott Wave: The second Elliott Wave may be near completion. Look for a third wave to form soon. The market closed above the middle Fibonacci fan line. Prices could rise up to the top fan line before finding resistance.

Monthly Pivots:

The [R3] or the most extreme high trading range is 1.0195.

The [R2] or the extreme high trading range is 1.0157.

The [R1] or the high trading range is 1.0135.

The [P] or pivot point is 1.0097.

The [S1] or the low trading range is 1.0075.

The [S2] or the extreme low trading range is 1.0037.

The [S3] or the most extreme low trading range is 1.0015.

Current Day Trading Session:

No signs of downward momentum at this time.

Next Day Trading Session:

If the next day’s close is below 1.0031 then that could be a sign that new downward momentum is beginning.

4xGenie Support Team

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Forex Trade Alert for GBP/USD.

Forex Trade Alert for Monday Jul 21, 2008.

On Jul-21-2008 a candlestick formation confirmed a buy signal. 4xgenie Action: ==> Buy this currency pair GBP/USD at 2.0064. Stop at 1.9907. Wave 3 could rise up to 2.0198 or to 2.0468. Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!

TRENDLINE ALERT: Resistance level of 2.0003 was broken today. Look for a possible rise to the next resistance level.

Next Day Trading Ranges for Monday Jul 21, 2008.

The 20 day moving average of the daily trading range is 136 pips and the 60 day moving average of the daily trading range is 153 pips. This shows that volatility has decreased in the short term. The percentage of updays when the open/low ratio is less than 25% is 50.00 percent. This means that if this currency pair does not drop more than 34 pips from the opening price then there is a 50.00 percent chance that this will be an upday.

Monthly Pivots.

The [R3] or the most extreme high trading range is 2.0209.

The [R2] or the extreme high trading range is 2.0124.

The [R1] or the high trading range is 2.0077.

The [P] or pivot point is 1.9992.

The [S1] or the low trading range is 1.9945.

The [S2] or the extreme low trading range is 1.9860.

The [S3] or the most extreme low trading range is 1.9813.

Next Day Alternate Stops for Monday Jul 21, 2008.

The red line to the right on your chart is an extreme support or resistence level for the next trading day.

A good alternative stop is one which is placed just beyond this extreme support/resistance level.

In this particular case if the price drops below 1.9860 then that would show momentum against 4xgenie’s long position and that would be a break out to the downside.

Please Note: These support/resistance levels are calculated by using the previous day’s trading range. Normal volatility may cause a breakout of this value once every 4 or 5 days when prices consolidate.

Current Day Trading Session:

Momentum is continuing upward at the present time.

Next Day Trading Session:

If the next day’s close is below 2.0033 then that could be a sign that the current upward momentum is reversing.

FOREX GENIE

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