Archive for October, 2009


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Forex Trade Alert for GBP/USD | Forex OutLook for Pound Sterling

Thursday 22 October 2009 @ 10:33 pm

 GBP USD 10.22.2009 DAYLY

 

 

Forex Trade Alert for GBP/USD

Pound Sterling 10.23.2009.

The pound is strengthening as a result of efforts being made to reduce government debt. Breakout above $1.66 would offer a medium-term target of $1.70.

 

4xGenie’s Members Receve Alert to Buy GBP/USD @ 1.6117

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Trading Ranges.

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Forex Trade Alert for GBP/USD | Forex OutLook for Pound Sterling

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Forex Market Outlook | Forex Market Recap for USD/JPY, Gold and Dollar Index

Tuesday 20 October 2009 @ 4:12 am

FOREX MARKET RECAP 10-19-2009 | Gold, USD/JPY, Dollar Index

Forex Trade Alert.

Gold Rise As Dollar Falls

Gold,  USD/JPY,  Dollar Index

Gold

Spot gold shows signs of an accelerating up-trend, after three trendlines of increasing slope. Retracement respected support at $1040 and breakout above $1070 would indicate an advance to $1100. Reversal below $1040 is unlikely, but would test $1000. In the long term, the break above $1000 offers a target of $1300; failure of support at $985 is unlikely, but would warn of a primary trend reversal.

The only bearish sign is a divergence on Momentum Indicator (14-day), warning that the Market Vectors Gold Miners Index [GDX] has encountered selling pressure. Breakout above $50 would confirm the rise in spot gold, while reversal below $43 would signal a secondary correction (and bearish sign for gold). Divergences between gold miners and physical gold often forewarn of changes in the spot price.

Dollar Fall Continues

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Forex Market Outlook | Forex Market Recap for USD/JPY, Gold and Dollar Index

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FOREX TRADE ALERT EUR/JPY | SELL SIGNAL

Wednesday 14 October 2009 @ 4:18 am

EURJPY 10.14.2009 

 

Forex Trade Alert for – Symbol EURJPY Daily

Forex Trade Alert for Wednesday Oct 14, 2009.

On Oct-14-2009 a candlestick formation confirmed a sell signal. 4xGenie Action: ==> Sell this Currency Pair EUP/JPY at 132.59. Stop at 133.89. Wave 5 could drop down to 131.20 or to 129.15. The market closed below the middle fibonacci fan line. Prices should find support on the bottom fan line.

Next Day Trading Ranges for Wednesday Oct 14, 2009.

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FOREX TRADE ALERT EUR/JPY | SELL SIGNAL

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FOREX TRADE ALERT for AUD/USD | BUY SIGNAL

Thursday 8 October 2009 @ 3:43 am

Forex Chart Alert AUD/USD
Forex Chart Alert AUD/USD

 

FOREX TRADE ALERT for AUD/USD

Australian Dollar

The Aussie dollar broke out of its widening formation against the Dollar, penetrating the key resistance level of $0.9000. Expect a retracement to test the new support level, but the long term target is parity.

Next Day Trading Ranges for Thursday Oct 08, 2009

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FOREX TRADE ALERT for AUD/USD | BUY SIGNAL

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