Forex Trade Alert for - Symbol = AUDNZD.

<Forex Trade Alert for Tuesday Sep 16, 2008>

A forex sell signal was confirmed when this currency pair aud/nzd closed below 1.2101 on Sep-16-2008. 4xGenie Action: ==> Sell this pair aud/nzd at 1.1.1976. Stop at 1.2356. Wave 3 could drop down to 1.1736 or to 1.1446. The market closed below the middle fibonacci fan line. Prices should find support on the bottom fan line. This could signal the end to the temporary consolidation period. The CCI isbelow -100. This currency pair is oversold at this time.

Next Day Trading Ranges for Tuesday Sep 16, 2008.

The 20 day moving average of the daily trading range is 140 Pips and the 60 day moving average of the daily trading range is 115 Pips. This shows that volatility has increased in the short term. The percentage of downdays when the open/high ratio is less than 25% is 46.15 percent. This means that if this currency pair does not rise more than 35 Pips from the opening price then there is a 46.15 percent chance that this will be an downday.

Monthly Pivots.

The [R3] or the most extreme high trading range is 1.2423.

The [R2] or the extreme high trading range is 1.2328.

The [R1] or the high trading range is 1.2201.

The [P] or pivot point is 1.2106.

The [S1] or the low trading range is 1.1979.

The [S2] or the extreme low trading range is 1.1884.

The [S3] or the most extreme low trading range is 1.1757.

Next Day Alternate Stops for Tuesday Sep 16, 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 rises above 1.2328 then that would show momentum against 4Xgenie’s short position and that would be a break out to the upside.

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: 1.2100.

Current Day Trading Session:

No signs of downward momentum at this time.

Next Day Trading Session:

If the next day’s close is below 1.21533 then that could be a sign that new downward momentum is beginning.

Forex Genie