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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