Forex Trade Alert

4xGenie Summary Report for EUR Currency Pairs

4th Wave Up Symbol: EUR/AUD As of Nov-13-2008

Buy at 1.9686 Stop at 1.8792 Limit at 2.0619 . Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!

Next Day Trading Range.. High: 1.9510 Low: 1.9340

Next Day Breakout Points High: 1.9621 Low: 1.9281

Price Projections……. 1st: 2.3464 2nd: 2.5354

2nd Wave Up Long Symbol: EUR/CAD As of Nov-13-2008

On Nov-12-2008 a candlestick formation confirmed a buy signal. A buy signal was also confirmed when this pair closed above 1.5345 on Nov-12-2008. 4xgenie Action: ==> Buy at 1.5499. Stop at 1.4944. Wave 3 could rise up to 1.5979 or to 1.6471. NOTE: A consolidation of price movement or a price correction may be underway.

Next Day Trading Range.. High: 1.5458 Low: 1.5363

Next Day Breakout Points High: 1.5514 Low: 1.5324

Price Projections……. 1st: 1.6475 2nd: 1.7104

2nd Wave Dn Short Symbol: EUR/CHF As of Nov-13-2008

On Nov-11-2008 a candlestick formation confirmed a sell signal. A sell signal was also confirmed when this currency pair below 1.4913 on Nov-13-2008. 4xGenie Action: ==> Sell at 1.4713. Stop at 1.5200. Wave 3 could drop down to 1.4420 or to 1.3852. Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!

Next Day Trading Range.. High: 1.4834 Low: 1.4787

Next Day Breakout Points High: 1.4855 Low: 1.4761

Price Projections……. 1st: 1.3852 2nd: 1.3350

1st Wave Up Symbol: EUR/GBP As of Nov-13-2008

Next Day Trading Range.. High: 0.8375 Low: 0.8334

Next Day Breakout Points High: 0.8400 Low: 0.8318

Price Projections……. 1st: 0.0000 2nd: 0.0000

A Wave Dn Symbol: EUR/JPY As of Nov-13-2008

Remain out of the market at the present time. QUARTERLY PIVOT ALERT: May be finding support here at the Quarterly S3. This bounce back above the support level of 118.1567 may lead us up to the Quarterly S2 ( support level 2).

Next Day Trading Range.. High: 119.9933 Low: 117.9833

Next Day Breakout Points High: 120.8667 Low: 116.8467

Price Projections……. 1st: 165.3300 2nd: 167.8874

C Wave Up Short Symbol: EUR/USD As of Nov-13-2008

Market is holding below the 1.3882 level. 4xGenie Action: ==> Maintain short position.

Or Sell at 1.2436. Limit at 1.2000 Price projection of 1.2711 has been reached. Stop at 1.3116. Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here! The CCI is below -100. This currency pair is oversold at this time.

Next Day Trading Range.. High: 1.2492 Low: 1.2443

Next Day Breakout Points High: 1.2516 Low: 1.2418

Price Projections……. 1st: 1.2711 2nd: 1.1892

4xGenie Support Team

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Forex Trade Alert.

Forex Market Overview for Thursday Oct. 30. 2008.

We have a nice forex trends yesterday, but we decide not to trade because US interest rates announcement. Federal Reserve Chairman, cut interest rates 50 points and we’re seeing a reverse in every single currency pair. Question now, did JPY and USD run are over? We have to be patient couple more days to confirm that trend is changing. Markets around the world are still very volatile. Every single government around the world trying to stabilize their markets. We’re very concerned about USA election to.
We believe and many others on a wall street that Obama is going to win election, and he’s the only candidate in history who saying he’s going to raise taxes on people who making more than $250,000 a year. Most of those people invest their money in stocks, and they pulling it out now before Mr. Obama have a chance to tax them. This is why we still believe market in United States cannot recover yet but in any case if U.S. stock market goes up we going to sell the USD and JPY ( BUY EUR/USD, GBP/USD, EUR/JPY, GBP/JPY, AUD/USD, NZD/USD .. SELL USD/CAD, USD/CHF ….) If U.S. market go down We going to buy USD and JPY (SELL EUR/USD, GBP/USD, EUR/JPY, GBP/JPY, AUD/USD, NZD/USD……SELL USD/CAD, USD/CHF….). We have to be patient and wait and see. You can take some of the TRADES in the direction of the arow, but be careful if you in the winning position and something unexpected come out, You don’t have to wait to sell or buy back your position.

REMEMBER: NEWS OVERRIDES TECHNICAL ANALYSES !!!!!!!!
http://www.4xgenie.com/News_Charts.html

FOREX TRADE ALERT

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Trade Alert for - Symbol  EUR/CHF.

Trade Alert for Monday.  Jul 07, 2008.

On Jul-07-2008 a candlestick formation confirmed a buy signal. 4xGenie Action: ==> Buy this currency pair eur/chf at 1.6180. Stop at 1.6008. Wave 3 could rise up to 1.6776 or to 1.7076. Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!

MONTHLY PIVOT ALERT: Resistance level of 1.6118 was broken today. When the monthly pivot point is broken - we can look for a possible rise to the monthly R1 ( resistance level 1).

Next Day Trading Ranges for Monday Jul 07, 2008.

The 20 day moving average of the daily trading range is 94 pips and the 60 day moving average of the daily trading range is 100 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 64.38 percent. This means that if this currency pair EUR/CHF does not drop more than 24 PIPS from the opening price then there is a 64.38 percent chance that this will be an upday.

Monthly Pivots.

The [R3] or the most extreme high trading range is 1.6267.

The [R2] or the extreme high trading range is 1.6217.

The [R1] or the high trading range is 1.6178.

The [P] or pivot point is 1.6128.

The [S1] or the low trading range is 1.6089.

The [S2] or the extreme low trading range is 1.6039.

The [S3] or the most extreme low trading range is 1.6000.

Next Day Alternate Stops for Monday Jul 07, 2008.

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 drops below 1.6039 then that would show momentum against 4XGENIE‘S long position and that would be a break out to the downside.

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: 1.6100.

Current Day Trading Session:

Momentum is continuing upward at the present time.

Next Day Trading Session:

If the next day’s close is below 1.6060 then that could be a sign that the current upward momentum is reversing.

Important Notice:

When trading it is important to know your risks. If you have only been trading for a short time it is highly recommended that you start with a demo account first. Forex trading is highly risky and normally it takes 3 - 5 years to become a successful forex trader. Only risk that which you can easily afford to lose. Forex trading is not a get rich quick scheme, but if managed carefully, it is an excellent investment

4XGENIE.COM

Important Forex Notice:

When trading it is important to know your risks. If you have only been trading for a short time it is highly recommended that you start with a Forex demo account first. Forex trading is highly risky and normally it takes 3 - 5 years to become a successful forex trader. Only risk that which you can easily afford to lose. Forex trading is not a get rich quick scheme, but if managed carefully, it is an excellent investment.

REMEMBER: FOREX NEWS OVERRIDES TECHNICAL ANALYSES !!!!!!!!
http://www.4xgenie.com/News_Charts.html

Forex Trade Alert for - Symbol EUR/CHF.

Forex Trade Alert for Thursday Jun 12, 2008.

On Jun-12-2008 a candlestick formation confirmed a buy signal. 4xgenie Action: ==> Buy this currency pair at 1.6159. Stop at 1.6007. Wave 3 could rise up to 1.6600 or to 1.7082. NOTE: The width of the Bollinger Bands is expanding which indicates that prices are trending. The CCI has crossed above -100. Look for rising prices soon.

TRENDLINE ALERT for CURRENCY PAIR EUR/CHF: Resistance level of 1.6055 was broken today. Look for a possible rise to the next resistance level.

Next Day Trading Ranges for Thursday Jun 12, 2008.

The 20 day moving average of the daily trading range is 103 pips, and the 60 day moving average of the daily trading range is 106 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 68.92 percent. This means that if this currency pair does not drop more than 26 from the opening price then there is a 68.92 percent chance that this will be an upday.

The [R3] or the most extreme high trading range is 1.6253.
The [R2] or the extreme high trading range is 1.6196.
The [R1] or the high trading range is 1.6135.
The [P] or pivot point is 1.6078.
The [S1] or the low trading range is 1.6017.
The [S2] or the extreme low trading range is 1.5960.
The [S3] or the most extreme low trading range is 1.5899.

Next Day Alternate Stops for Thursday Jun 12, 2008.
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 drops below 1.5960 then that would show momentum against Forexgenie’s long position and that would be a break out to the downside.

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.

Current Day Forex Trading Session:

No signs of upward momentum at this time.

Next Day Trading Session:

If the next day’s close is above 1.6159 then that could be a sign that new upward momentum is beginning.

4xGenie Support Team

Trade Alert for - Symbol  EUR/CHF.

Trade Alert for Tuesday  May 27, 2008.

On May-27-2008 a candlestick formation confirmed a buy signal. 4XGENIE Action: ==> Buy this PAR at 1.6236. Stop at 1.6115. Wave 3 could rise up to 1.6309 or to 1.6694. Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!