Forex Trade Alert for  – Symbol =  EURAUD

SELL FOREX SIGNAL

<Forex Trade Alert for Wednesday Jun 24, 2009>

On Jun-24-2009 a candlestick formation confirmed a sell signal. A sell signal was also confirmed when this CURRENCY PAIR EUR/AUD  closed below 1.7488 on Jun-24-2009. 4xGENIE Action: ==> Sell this currency pair at 1.7401. Stop at 1.7830. Wave 3 could drop down to 1.7233 or to 1.67380. The market closed below the top fibonacci fan line. Prices should find support on the middle fan line. NOTE: A consolidation of price movement or a price correction may be underway.

TRENDLINE ALERT: Support level of 1.7526 was broken today. Look for a possible drop to the next support level.

Next Day Trading Ranges for Wednesday Jun 24, 2009

The 20 day moving average of the daily trading range is 239 pips and the 60 day moving average of the daily trading range is 251 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 47.92 percent. This means that if this currency pair EUR/AUD does not rise more than 60 pips from the opening price then there is a 47.92 percent chance that this will be an downday.

The [R3] or the most extreme high trading range is 1.8065.

The [R2] or the extreme high trading range is 1.7917.

The [R1] or the high trading range is 1.7697.

The [P] or pivot point is 1.7549.

The [S1] or the low trading range is 1.7329.

The [S2] or the extreme low trading range is 1.7181.

The [S3] or the most extreme low trading range is 1.6962.

Next Day Alternate Stops for Wednesday Jun 24, 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 1.7830 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: 1.7300

Current Day Trading Session:

No signs of downward momentum at this time.

Next Day Trading Session:

If the next day’s close is below 1.7406 then that could be a sign that new downward momentum is beginning.

4xGenie Support Team

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Forex Trade Alert for  Symbol  GBP/USD

Forex Trade Alert for Symbol GBP/USD

<Forex Trade Alert for Monday Jun 22, 2009>

On Jun-22-2009 a candlestick formation confirmed a sell signal. 4xGenie Action: ==> Sell at 1.6478 Stop at 1.6685. Wave C could drop down to 1.6317 or to 1.5628.

Next Day Trading Ranges for Monday Jun 22, 2009.

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Forex Trade Alert for Symbol GBP/USD | Sell Signal

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Forex Trade Alert for – Symbol = EURCHF

<Forex Trade Alert for Friday Jun 12, 2009>

On Jun-12-2009 a candlestick formation confirmed a buy signal. 4xGenie Action: ==> Buy this Currency Pair EUR/CHF at 1.5153 or better. Stop at 1.5063. Wave 3 could rise up to 1.5310 or to 1.5395. Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!

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FOREX TRADE ALERT for EUR/CHF | BUY SIGNAL

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FOREX TRADE ALERT and OUTLOOK for USD/JPY, EUR/USD, AUD/USD

and UD DOLLAR INDEX

FOREX TRADE ALERT: DOLLAR STRENGTHENS.

US DOLLAR INDEX.

The US Dollar Index is testing short-term resistance at 81. Breakout would signal a secondary reaction to test resistance at 83, while respect of resistance would warn of a primary down-swing with a target of 76.

Euro

The primary trend of the euro is upwards and likely to continue. If we had to invert the euro/usd chart it would paint a similar picture to the US Dollar Index. Breakout from the rising trend channel warns of a secondary correction to test support at $1.37 [green]. Respect of the 100-Day moving average would be a bullish sign, while failure of primary support at $1.29 [red] would signal a trend reversal.
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FOREX TRADE ALERT for USD/JPY, EUR/USD, AUD/USD and US DOLLAR INDEX

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FOREX OUTLOOK ON EUR/USD, USD/JPY, AUD/USD

AND DOLLAR INDEX.

FOREX TRADE ALERT

for

EUR/USD, JPY/USD, AUD/USD and US Dollar Index.

June.04.2009.

Euro

The euro is retracing to test the lower trend channel at $1.40 against the greenback. Respect would indicate a swing to the upper trend channel – and test of the December high of $1.44. Breakout below $1.40 would signal a reaction to test support at $1.37 [green].

Japanese Yen

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FOREX OUTLOOK | FOREX TRADE ALERT for EUR/USD, JPY/USD, AUD/USD and US Dollar Index

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