Forex Trade Alert for – Symbol EUR/GBP.

Trade Alert for Tuesday Dec 16, 2008.

On Dec-16-2008 a candlestick formation confirmed a sell signal. 4xGenie Action: ==> Sell EUR/GBP @ 0.8869. Stop at 0.9036. Wave 1 or A could drop down to 0.8720 or to 0.8253.

The CCI is above 100. This currency pair is overbought at this time.

Next Day Trading Ranges for Tuesday Dec 16, 2008.

The 20 day moving average of the daily trading range is 130 Pips and the 60 day moving average of the daily trading range is 136 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 83.78 percent. This means that if this currency pair does not drop more than 33 pips from the opening price then there is a 83.78 percent chance that this will be an upday.

The [R3] or the most extreme high trading range is 0.8979.

The [R2] or the extreme high trading range is 0.8970.

The [R1] or the high trading range is 0.8962.

The [P] or pivot point is 0.8953.

The [S1] or the low trading range is 0.8945.

The [S2] or the extreme low trading range is 0.8936.

The [S3] or the most extreme low trading range is 0.8928.

Next Day Alternate Stops for Tuesday Dec 16, 2008

4xGENIE is not currently in a trade.

Current Day Trading Session:

Momentum is continuing upward at the present time.

Next Day Trading Session:

If the next day’s close is below 0.87470 then that could be a sign that the current upward momentum is reversing.

ForexGenie – Forex Trade Alerts

EUR/GBP Weekly Outlook – Forex Trading, Currency Forecast, FX … – Above 0.9416 will flip bias back to the upside for testing 0.9494/9518 resistance zone., Forex, Forex Portal, Forex Trading. Forex Trading Recommendation, Forecast, Trading Signal, Forex Training Course, Education, Tutorial, FX Book, …

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