Archive for October, 2009
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 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 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

- 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










