Archive for September, 2008
Forex Trade Alert for – Symbol NZD/USD SELL.
<FOREX Trade Signal for Monday Sep 29, 2008. Sell>
On Sep-29-2008 a candlestick formation confirmed a sell FOREX signal. 4xGenie Action: ==> Sell at 0.6682. Stop at 0.6940. Wave 5 could drop down to 0.6518 or to 0.6176. The support level of 0.6837 was broken when prices closed below the top pitchfork line. The market has moved back into the trading channel. Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!
MONTHLY PIVOT ALERT: Support level of 0.6783 was broken today. When the monthly S1 ( support level 1 ) is broken – we can look for a possible drop to the monthly S2 ( support level 2).
Next Day Trading Ranges for Monday Sep 29, 2008.
The 20 day moving average of the daily trading range is 161 pips and the 60 day moving average of the daily trading range is 118 pips. This shows that volatility has increased in the short term. The percentage of downdays when the open/high ratio is less than 25% is 74.07 percent. This means that if this currency pair nzd/usd does not rise more than 40 pips from the opening price then there is a 74.07 percent chance that this will be an downday.
Monthly Forex Pivots for NZD/USD.
The [R3] or the most extreme high trading range is 0.7024.
The [R2] or the extreme high trading range is 0.6956.
The [R1] or the high trading range is 0.6826.
The [P] or pivot point is 0.6758.
The [S1] or the low trading range is 0.6628.
The [S2] or the extreme low trading range is 0.6560.
The [S3] or the most extreme low trading range is 0.6430.
Next Day Alternate Stops for Monday Sep 29, 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 rises above 0.6956 then that would show momentum against 4xGenie‘s short position and that would be a break out to the upside.
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.
Alternate stop: 0.68.
Current Day Trading Session:
Momentum is continuing downward at the present time.
Next Day Trading Session:
If the next day’s close is above 0.6931 then that could be a sign that the current downward momentum is reversing.
FOREX GENIE
4xGenie Support Team click here...
Forex Trade Alert for – Symbol GBP/USD.
<Forex Trade Alert for Monday Sep 29, 2008>
On Sep-29-2008 a candlestick formation confirmed a sell signal. A sell signal was also confirmed when this currency pair gbp/usd closed below 1.8279 on Sep-29-2008. 4xGenie Action: ==> Sell this pair at 1.7943. Stop at 1.8705. Wave 5 could drop down to 1.7540 or to 1.6645. The market closed below the middle fibonacci fan line. Prices should find support on the bottom fan line. Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!
Next Day Trading Ranges for Monday Sep 29, 2008
The 20 day moving average of the daily trading range is 290 pips and the 60 day moving average of the daily trading range is 208 pips. This shows that volatility has increased in the short term. The percentage of downdays when the open/high ratio is less than 25% is 82.01 percent. This means that if this currency pair does not rise more than 72 pips from the opening price then there is a 82.01 percent chance that this will be an downday.
Monthly Pivots.
The [R3] or the most extreme high trading range is 1.8827.
The [R2] or the extreme high trading range is 1.8636.
The [R1] or the high trading range is 1.8340.
The [P] or pivot point is 1.8149.
The [S1] or the low trading range is 1.7853.
The [S2] or the extreme low trading range is 1.7662.
The [S3] or the most extreme low trading range is 1.7366.
Next Day Alternate Stops for Monday Sep 29, 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 rises above 1.8636 then that would show momentum against 4xGenie‘s short position and that would be a break out to the upside.
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.
Alternate stop: 1.81
Current Day Trading Session:
New momentum to the downside has just started.
Next Day Trading Session:
If the next day’s close is above 1.8749 then that could be a sign that the current downward momentum is reversing.
4xGenie Support Team click here...
Forex Trade Alert for – Symbol = AUDNZD.
<Forex Trade Alert for Tuesday Sep 16, 2008>
A forex sell signal was confirmed when this currency pair aud/nzd closed below 1.2101 on Sep-16-2008. 4xGenie Action: ==> Sell this pair aud/nzd at 1.1.1976. Stop at 1.2356. Wave 3 could drop down to 1.1736 or to 1.1446. The market closed below the middle fibonacci fan line. Prices should find support on the bottom fan line. This could signal the end to the temporary consolidation period. The CCI isbelow -100. This currency pair is oversold at this time.
Next Day Trading Ranges for Tuesday Sep 16, 2008.
The 20 day moving average of the daily trading range is 140 Pips and the 60 day moving average of the daily trading range is 115 Pips. This shows that volatility has increased in the short term. The percentage of downdays when the open/high ratio is less than 25% is 46.15 percent. This means that if this currency pair does not rise more than 35 Pips from the opening price then there is a 46.15 percent chance that this will be an downday.
Monthly Pivots.
The [R3] or the most extreme high trading range is 1.2423.
The [R2] or the extreme high trading range is 1.2328.
The [R1] or the high trading range is 1.2201.
The [P] or pivot point is 1.2106.
The [S1] or the low trading range is 1.1979.
The [S2] or the extreme low trading range is 1.1884.
The [S3] or the most extreme low trading range is 1.1757.
Next Day Alternate Stops for Tuesday Sep 16, 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 rises above 1.2328 then that would show momentum against 4Xgenie‘s short position and that would be a break out to the upside.
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.
Alternate stop: 1.2100.
Current Day Trading Session:
No signs of downward momentum at this time.
Next Day Trading Session:
If the next day’s close is below 1.21533 then that could be a sign that new downward momentum is beginning.
4xGenie Support Team click here...
At 2:15 p.m. we will have U.S. Interest Rate Statement. It is expected
it will comes out at 2.00% a lot of people expects them to cut the rates.
If they leave the rates unchanged, sell EUR/USD.
If they cut the rates by 0.25, probably buying EUR/USD would be a good idea.
If they cut the rates by 0.50, buy EUR/USD and look for 110 to 160 pips move.
Important Notice.
When trading Forex it is important to know your risks. If you have only been trading for a short time it is highly recommended that you start with a demo account first. Forex trading is highly risky and normally it takes 3 – 5 years to become a successful forex trader. Only risk that which you can easily afford to lose. Forex trading is not a get rich quick scheme, but if managed carefully, it is an excellent investment.
4xGenie Support Team click here...
Forex Trade Alert for GBP/CHF.
< Forex Trade Alert for Friday Sep 12, 2008>
On Sep-12-2008 a candlestick formation confirmed a buy signal. ForexGenie Action: ==> BUY this currency pair gbp/chf 2.0037. Stop at 1.9775. Wave 4 could go up to 2.0257 or to 2.0607.
Important Notice :
When trading Forex it is important to know your risks. If you have only been trading for a short time it is highly recommended that you start with a demo account first. Forex trading is highly risky and normally it takes 3 – 5 years to become a successful forex trader. Only risk that which you can easily afford to lose. Forex trading is not a get rich quick scheme, but if managed carefully, it is an excellent investment.
ForexGenie
4xGenie Support Team click here...
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