On Feb-25-2009 a candlestick formation confirmed a sell signal. 4xGenie Action:  Sell this currency pair GBP/JPY at 137.46. Stop at 142.22. Wave 5 could drop down to 134.22 or to 120.55. NOTE: The width of the Bollinger Bands has started to expand which indicates that prices are beginning to trend. The CCI is above 100. This currency pair is overbought at this time.

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FOREX TRADE ALERT for GBP/JPY SELL

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FOREX OUTLOOK ON THREE CURRENCY PAIRS

AUD/NZD, EUR/JPY, EUR/CHF.

FOREX TRADE ALERT

AUD/NZD
Produced: Tuesday, February 17, 2009

Place a buy stop to buy 1 unit if price rises to 1.2747.
Red Line Long Exit Strategy: Close all long positions on close if close is 1.2521.
Place a sell stop to sell 1 unit if price falls to 1.2418.
Red Line Short Exit Strategy: Close all short positions on close if price rises to 1.2522.

EUR/CHF
Produced: Tuesday, February 17, 2009
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FOREX OUTLOOK ON AUD/NZD, EUR/JPY, EUR/CHF | FOTRX TRADE ALERT

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FOREX Trade Alert for – Symbol = GBP/JPY.

<FOREX Trade Alert for Thursday Feb 12, 2009>

On Feb-12-2009 a candlestick formation confirmed a sell signal. A sell signal was also confirmed when this Pair closed below 132.03 on Feb-10-2009. 4xGenie Action: Sell GBP/JPY @ 128.78. Stop at 137.31. Wave 5 could drop down to 125.30 or to 118.83. Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!

Next Day Trading Ranges for Thursday Feb 12, 2009.
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FOREX TRADE ALERT for GBP/JPY | SELL SIGNAL

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FOREX TRADE ALERTS and FOREX MARKET DIRECTION

for SEVEN CURRENCY PAIRS.

EUR/JPY
Produced: Friday, February 06, 2009.

Place a buy stop to buy 1 unit if price rises to 119.556 or higher.
Place a sell stop to sell 1 unit if price falls to 113.131 or lower.
Green Line Short Exit Strategy: Close all short positions on close if price rises to 116.23.

AUD/NZD
Produced: Friday, February 06, 2009.

Place a buy stop to buy 1 unit if price rises to 1.2799.
Green Line Long Exit Strategy: Close all long positions on close if price falls to 1.255.
(No Short orders.)

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FOREX TREADE ALERTS | FOREX MARKET OUTLOOK

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Forex Trade Alert for – Symbol  EUR/USD.

Forex Trade Alert for Wednesday Feb 04, 2009.

Next Day Trading Ranges for Wednesday Feb 04, 2009.

The 20 day moving average of the daily trading range is 234 Pips and the 60 day moving average of the daily trading range is 256 Pips. This shows that volatility has decreased in the short term. The percentage of downdays when the open/high ratio is less than 25% is 73.03 percent. This means that if this Currency Pair EUR/USD does not rise more than 59 Pips from the opening price then there is a 73.03 percent chance that this will be an downday.

The [R3] or the most extreme high trading range is 1.3135.

The [R2] or the extreme high trading range is 1.3091.

The [R1] or the high trading range is 1.3042.

The [P] or pivot point is 1.2998.

The [S1] or the low trading range is 1.2950.

The [S2] or the extreme low trading range is 1.2906.

The [S3] or the most extreme low trading range is 1.2857.

Next Day Alternate Stops for Wednesday Feb 04, 2009.

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 1.3091 then that would show momentum whith 4xGenie’s Long 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.

Current Day Trading Session:

Momentum is continuing downward at the present time.

Next Day Trading Session:

If the next day’s close is above 1.2968 then that could be a sign that the current downward momentum is reversing.

4xGenie Support Team
For Alerts on ALL SEVEN SYSTEMS Please Sighn Up:
http://www.4xgenie.com/New_Members.html

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