Archive for November, 2009

Forex Trade Alert EUR/CAD | Sell Signal

Tuesday 17 November 2009 @ 4:27 am

Forex Trade Alert EUR/CAD

Tuesday Nov 17, 2009

There has been no signal to enter the market at this time. The support level of 1.5686 was broken when prices closed below the bottom pitchfork line. The currency pair has dropped out of the current trading channel. Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!

Next Day Trading Ranges for Tuesday Nov 17, 2009

The 20 day moving average of the daily trading range is 146 Pips and the 60 day moving average of the daily trading range is 153 Pips. This shows that volatility has decreased in the short term. The percentage of updays when the open/low ratio is less than 25% is 38.57 percent. This means that if this Currency Pair does not drop more than 37 Pips from the opening price then there is a 38.57 percent chance that this will be an upday.

The [R3] or the most extreme high trading range is 1.5726.

The [R2] or the extreme high trading range is 1.5712.

The [R1] or the high trading range is 1.5694.

The [P] or pivot point is 1.5680.

The [S1] or the low trading range is 1.5662.

The [S2] or the extreme low trading range is 1.5648.

The [S3] or the most extreme low trading range is 1.5630.

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Forex Trade Alert EUR/CAD | Sell Signal

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Forex Trade Alert EUR/USD | Elliot Wave 5th Up.

Thursday 12 November 2009 @ 4:15 am

Forex Trade Alert for EUR/USD.

Summary Report As of Nov-12-2009.

Elliot Wave 5th Up, Symbol EUR/USD Daily.

Stop of 1.4207 was reached on Sep-01-2009. 4xGenie Action: ==> Remain out of this market! Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here! A divergence in the MACD indicator has been found. When this appears on a 5th wave this could be a sign of exhaustion. The current upward trend may soon correct or end. This trade gained 73 Pips.

Next Day Trading Range.. High: 1.5010 Low: 1.4986

Next Day Breakout Points High: 1.5018 Low: 1.4970

Price Projections……. 1st: 1.4661 2nd: 1.4894

Current Price Activity.. Open: 1.4984 High: 1.5002

Low: 1.4978 Close: 1.5002

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US Dollar Index and Spot Gold Outlook

Wednesday 4 November 2009 @ 5:51 am

(Click to Enlarge)

US Dollar index and Gold

US Dollar Index and Spot Gold Outlook.

Gold Rallies As Dollar Declines.

US Dollar Index

The US Dollar Index broke through resistance at 76 before consolidating in a narrow band. Consolidation above the new support level is a continuation signal, indicating a test of 77.50, but the index is once again testing support at 76 after a false breakout. Respect of support would signal that the primary down-trend is weakening, while failure would again test support at 75. In the longer term, breakout above 77.50 would indicate that the down-trend has ended. Reversal below 75, on the other hand, would offer a target of 74.