Forex Genie Trade Alerts » FOREX TRADE ALERT EUR/USD

Forex Summary Report for EUR Currency Pairs

4xgenie — Thu, 05 Aug 2010 08:08:18 +0000

Forex Summary Report for EUR Currency Pairs

5th Wave Dn    EURAUD1440   Symbol: EURAUD1440   As of Aug-05-2010

Stop of 1.4435 was reached on May-19-2010. 4xGenie Action: ==> Remain out of this market! 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 downward trend may soon correct or end. This trade gained 0.12630 Next Day Trading Range.. High: 1.4371 Low: 1.4366 Next Day Breakout Points High: 1.4372 Low: 1.4362 Price Projections……. 1st: 1.5050 2nd: 1.4708 Current Price Activity.. Open: 1.4369 High: 1.4369 Low: 1.4364 Close: 1.4369

3rd Wave Up   EURCAD1440   Symbol: EURCAD1440   As of Aug-05-2010

There has been no signal to enter the market at this time. The market closed below the middle fibonacci fan line. Prices could retrace down to the bottom fan line before finding support. TRENDLINE ALERT: Support level of 1.3438 was broken today. Look for a possible drop to the next support level. Next Day Trading Range.. High: 1.3383 Low: 1.3380 Next Day Breakout Points High: 1.3385 Low: 1.3379 Price Projections……. 1st: 1.3924 2nd: 1.4294 Current Price Activity.. Open: 1.3383 High: 1.3383 Low: 1.3380 Close: 1.3382

EURCHF1440 Symbol: EURCHF1440 As of Aug-05-2010

TRENDLINE ALERT: Resistance level of 1.3774 was broken today. Look for a possible rise to the next resistance level. Next Day Trading Range.. High: 1.3864 Low: 1.3861 Next Day Breakout Points High: 1.3865 Low: 1.3859 Price Projections……. 1st: 0.0000 2nd: 0.0000 Current Price Activity.. Open: 1.3863 High: 1.3864 Low: 1.3861 Close: 1.3862

2nd Wave Up EURGBP1440 Symbol: EURGBP1440 As of Aug-05-2010

There has been no signal to enter the market at this time. The CCI is below -100. This currency pair is oversold at this time. Next Day Trading Range.. High: 0.8288 Low: 0.8278 Next Day Breakout Points High: 0.8292 Low: 0.8272 Price Projections……. 1st: 0.8717 2nd: 0.8893 Current Price Activity.. Open: 0.8284 High: 0.8285 Low: 0.8275 Close: 0.8285

2nd Wave Up    EURJPY1440   Symbol: EURJPY1440   As of Aug-05-2010

There has been no signal to enter the market at this time. Next Day Trading Range.. High: 113.7400 Low: 113.3600 Next Day Breakout Points High: 113.9800 Low: 113.2200 Price Projections……. 1st: 116.0500 2nd: 118.3490 Current Price Activity.. Open: 113.5200 High: 113.8400 Low: 113.4600 Close: 113.5000

2nd Wave Dn Short   EURNZD1440   Symbol: EURNZD1440   As of Aug-05-2010

On Jul-20-2010 a candlestick formation confirmed a sell signal. A sell signal was also confirmed when this contract closed below 1.8022 on Jul-20-2010. 4xGenie Action: ==> Maintain short position. Stop at 1.8158. Wave 3 could drop down to 1.6757 or to 1.5716. The resistance level of 1.8008 was broken when prices closed above the top pitchfork line. The market has surged out of the current trading channel. Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here! TRENDLINE ALERT: Resistance level of 1.8034 was broken today. Look for a possible rise to the next resistance level. Next Day Trading Range.. High: 1.8072 Low: 1.8062 Next Day Breakout Points High: 1.8076 Low: 1.8056 Price Projections……. 1st: 1.6757 2nd: 1.6119 Current Price Activity.. Open: 1.8066 High: 1.8070 Low: 1.8060 Close: 1.8068

3rd Wave Up Long   EURUSD1440 Symbol: EURUSD1440   As of Aug-04-2010

The Momentum Indicator and ( Harami ) candlestick pattern indicate a reversal may be coming. It may be wise to exit this trade. Market is holding above the 1.2465 level. 4xGenie Action: ==> Maintain long position. Price projection of 1.2964 has been reached. Stop at 1.2794. NOTE: The width of the Bollinger Bands has started to expand which indicates that prices are beginning to trend. The CCI is above 100. This currency pair is overbought at this time. Next Day Trading Range.. High: 1.3229 Low: 1.3214 Next Day Breakout Points High: 1.3238 Low: 1.3208 Price Projections……. 1st: 1.2740 2nd: 1.2964 Current Price Activity.. Open: 1.3229 High: 1.3232 Low: 1.3217 Close: 1.3220

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Forex Summary Report for EUR Currency Pairs

Forex Trade Alert EUR/USD.

4xgenie — Mon, 19 Jul 2010 07:12:33 +0000

Forex Trade Alert for Symbol EUR/USD

Euro.

The euro penetrated resistance at $1.25 and the descending trendline. It is too early to call this a reversal, but the primary down-trend is weakening.

Expect retracement to test the new support level at $1.25. Failure of the rising trendline would warn of a primary down-swing with a target of parity — confirmed if support at $1.19 is broken. Respect of support would suggest a reversal, but confirmation would only come from a higher trough followed by a new high. Momentum crossed to above zero but must rise further (say 5%) if it is to provide evidence of an up-trend.

Forex Trade Alert for EUR/USD Monday Jul 19, 2010.

Market is holding above the 1.2465 level. 4xGenie Action: Maintain long position. Price projection of 1.2964 has been reached. Stop at 1.2523. NOTE: The width of the Bollinger Bands is expanding which indicates that prices are trending. The CCI is above 100. This currency pair is overbought at this time.

Next Day Trading Ranges for Monday Jul 19, 2010.

The [R3] or the most extreme high trading range is 1.2959.

The [R2] or the extreme high trading range is 1.2939.

The [R1] or the high trading range is 1.2922.

The [P] or pivot point is 1.2902.

The [S1] or the low trading range is 1.2885.

The [S2] or the extreme low trading range is 1.2865.

The [S3] or the most extreme low trading range is 1.2848.

Next Day Alternate Stops for Monday Jul 19, 2010.

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 1.2865 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.

Current Day Trading Session:

Momentum is continuing upward at the present time.

Next Day Trading Session:

If the next day’s close is below 1.25873 then that could be a sign that the current upward momentum is reversing.

4xGenie Support Team.

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Forex Trade Alert EUR/USD.

Forex Trade Alert EUR/USD

4xgenie — Mon, 07 Jun 2010 04:03:45 +0000

Forex Trade Alert EUR/USD

Trade Alert for Friday Jun 04, 2010

EUR/USD

The CCI is below -100. This currency pair is oversold at this time.

Next Day Trading Ranges for Friday Jun 04, 2010.

The 20 day moving average of the daily trading range is 206 pips and the 60 day moving average of the daily trading range is 160 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 74.00 percent. This means that if EUR/USD does not rise more than 52 PIPS from the opening price then there is a 74.00 percent chance that this will be an downday.

The [R3] or the most extreme high trading range is 1.2393.

The [R2] or the extreme high trading range is 1.2304.

The [R1] or the high trading range is 1.2134.

The [P] or pivot point is 1.2045.

The [S1] or the low trading range is 1.1875.

The [S2] or the extreme low trading range is 1.1786.

The [S3] or the most extreme low trading range is 1.1616.

Current Day Trading Session:

Momentum is continuing downward at the present time.

Next Day Trading Session:

If the next day’s close is above 1.2417 then that could be a sign that the current downward momentum is reversing.

4xGenie Support Team.

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Forex Trade Alert EUR/USD

Forex Trade Alert for EUR/USD | Sell Signal

4xgenie — Wed, 12 May 2010 06:32:53 +0000

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Forex Trade Alert for EUR/USD | Sell Signal

Forex Trade Alert for Tuesday May 11, 2010

4xgenie Action: ==> Remain out of this market! The CCI is below -100. This Pair EUR/USD is oversold at this time. This trade gained 658 PIPS.

Euro The euro is headed for a test of long-term support at $1.25, but we could see retracement to resistance at $1.30 in the short term. Declining momentum below zero confirms strong selling pressure. In the long term, failure of support at $1.25 would offer a target of parity.

Next Day Trading Ranges for Tuesday May 11, 2010 The 20 day moving average of the daily trading range is 164 PIPS and the 60 day moving average of the daily trading range is 141 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 65.10 percent. This means that if this Pair not rise more than 41 Pips from the opening price then there is a 65.10 percent chance that this will be an downday.

The [R3] or the most extreme high trading range is 1.2910. The [R2] or the extreme high trading range is 1.2855. The [R1] or the high trading range is 1.2775. The [P] or pivot point is 1.2720. The [S1] or the low trading range is 1.2640. The [S2] or the extreme low trading range is 1.2585. The [S3] or the most extreme low trading range is 1.2505.

Current Day Trading Session: Momentum is continuing downward at the present time.

Next Day Trading Session: If the next day’s close is above 1.3011 then that could be a sign that the current downward momentum is reversing.

4xGenie Support Team

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Forex Trade Alert for EUR/USD | Sell Signal

Forex Trade Alert for EUR/USD

4xgenie — Fri, 26 Mar 2010 08:53:21 +0000

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Forex Trade Alert for EUR/USD

The euro plunged through support at $1.34 after the Fitch downgrade of Portugal’s sovereign debt rating. The European Monetary Union faces significant instability in the months ahead. Assisting Greece (2.6% of EMU GDP) or Portugal (1.8%) may buy some time, but does not solve the debt issues facing the far larger economies of Italy (17% of EMU GDP) and Spain (11.7%). The current decline of the euro will test $1.30, but the longer term target is the 2009 low of $1.25.

Euro Tremors Weaken Gold

Next Day Trading Ranges for EUR/USD Friday Mar 26, 2010.

The 20 day moving average of the daily trading range is 126 Pips and the 60 day moving average of the daily trading range is 134 Pips. This shows that volatility has decreased in the short term

The [R3] or the most extreme high trading range is 1.3436.

The [R2] or the extreme high trading range is 1.3389.

The [R1] or the high trading range is 1.3361.

The [P] or pivot point is 1.3314.

The [S1] or the low trading range is 1.3286.

The [S2] or the extreme low trading range is 1.3239.

The [S3] or the most extreme low trading range is 1.3211.

4xGenie Support Team

Fitch Downgrades Portugal’s Debt (online.wsj.com)

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Forex Trade Alert for EUR/USD

Forex Trade Alert EUR/USD

4xgenie — Mon, 22 Feb 2010 08:51:13 +0000

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Forex Trade Alert EUR/USD.

Monday Feb 22, 2010.

The Momentum Indicator and ( Harami ) candlestick pattern indicate a reversal may be coming (D). It may be wise to exit this

trade. Market is holding below the 1.4218 level. 4xGENIE Action: ==> Maintain short position. Price projection of 1.3652 has been reached. Stop at 1.3838. 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 EUR/USD is oversold at this time.

The euro broke through the $1.36 support level, signaling a further decline to test support at $1.29. Recovery above the declining (orange) trendline is now unlikely — as is breakout above the declining trendline on Momentum Oscillator (63-day).

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The market is obviously unhappy with the rate of progress in resolving the Greek debt crisis and is voting with its money.

Current Day Trading Session:

Momentum is continuing downward at the present time.

Next Day Trading Session:

If the next day’s close is above 1.35920 then that could be a sign that the current downward momentum is reversing.

US Dollar Index

The US Dollar Index is in a primary up-trend, breaking through short-term resistance at 80.5 as the euro weakened. The short consolidation indicates trend strength, with buyers preventing a stronger retracement. Reversal below the rising trendline is now most unlikely.

4xGenie Support Team

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Forex Trade Alert EUR/USD

Forex Trade Alert EUR/USD and USD/JPY

4xgenie — Mon, 15 Feb 2010 08:03:33 +0000

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Forex Trade Alert EUR/USD and USD/JPY

Euro

The euro is in a strong primary down-trend. Talk of Greece being rescued by France and Germany may help to stem the decline at the $1.36 support level. Expect a test of the declining (orange) trendline. Breakout above the declining trendline on Momentum Oscillator (63-day) may provide advance warning of a trend change.

MONTHLY PIVOT ALERT: Support level of 1.3624 was broken today. When the monthly S1 is broken – we can look for a possible drop to the monthly S2 @ 1.3385.

The [R3] or the most extreme high trading range is 1.3860.

The [R2] or the extreme high trading range is 1.3777.

The [R1] or the high trading range is 1.3697.

The [P] or pivot point is 1.3614.

The [S1] or the low trading range is 1.3534.

The [S2] or the extreme low trading range is 1.3451.

The [S3] or the most extreme low trading range is 1.3371.

Japanese Yen

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The Dollar is undergoing a correction against the yen, after making a new high in early January. Recovery above 93.00 would confirm a primary up-trend. Look for early warning from

Momentum Oscillator (63-day) crossing above the declining (purple) trendline.

The [R3] or the most extreme high trading range is 91.22.

The [R2] or the extreme high trading range is 90.81.

The [R1] or the high trading range is 90.39.

The [P] or pivot point is 89.98.

The [S1] or the low trading range is 89.56.

The [S2] or the extreme low trading range is 89.15.

The [S3] or the most extreme low trading range is 88.73.

4xGenie Support Team

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Forex Trade Alert EUR/USD and USD/JPY

FOREX OUTLOOK for EUR/USD, AUD/USD, GOLD, CRUDE OIL and US DOLLAR INDEX

4xgenie — Sun, 24 Jan 2010 05:43:46 +0000

FOREX OUTLOOK for EUR/USD, AUD/USD, GOLD, CRUDE OIL and US DOLLAR INDEX.

Gold

Gold retreated below short-term support at $1120 after breaking the rising trendline on the price chart and on Momentum Oscillator (5-day). Expect a test of primary support at $1080. Reversal above $1140 is unlikely, but would signal an advance to $1220.

Crude Oil

Crude retreated below the rising (green) trendline, signaling trend weakness. Also, the long-term Momentum Oscillator (13-week) displays a large bearish divergence, warning of a reversal. Failure of primary support at $72 would confirm.

Euro – EUR/USD

The primary cause of dollar strength is the euro, which broke through support at $1.42 — signaling the start of a primary down-trend. The Momentum strengthens the reversal signal. The initial target for the decline is $1.38.

Current Day Trading Session:

Momentum is continuing downward at the present time.

Next Day Trading Session:

If the next day’s close is above 1.4449 then that could be a sign that the current downward momentum is reversing.

Australian Dollar – AUD/USD.

The Aussie dollar is also weakening against the greenback after respecting resistance at $0.93. It is too early to tell whether this will resolve into a test of primary support at $0.875 or a re-test of resistance at $0.93. Upward breakout now appears unlikely, but would signal an advance to $0.98.

Current Day Trading Session:

Momentum is continuing downward at the present time.

Next Day Trading Session:

If the next day’s close is above 0.9340 then that could be a sign that the current downward momentum is reversing.

US Dollar Index

The US Dollar Index is testing resistance at 78.5. Breakout would signal reversal to a primary up-trend — and advance to 80. Momentum Oscillator (5-day) also favors an up-trend. Reversal below support at 76.6 is unlikely, but would warn of test of primary support at 74.

4xGenie Support Team

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FOREX OUTLOOK for EUR/USD, AUD/USD, GOLD, CRUDE OIL and US DOLLAR INDEX

Forex Trade Alert for EUR/USD

4xgenie — Fri, 04 Dec 2009 07:59:02 +0000

: The euro broke through resistance at 1.50

Forex Trade Alert For EUR/USD

5th Wave Up EUR/USD As of Dec-04-2009.

The euro broke through resistance at $1.50 before retracing to test the new support level. Respect would offer a short-term target of $1.53. Momentum holding above zero confirms a strong up-trend; the bearish divergence so far indicates consolidation, but reversal below zero (while unlikely) would signal a correction. Expect a test of $1.60 in the medium to long-term.

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. The CCI has crossed below 100. Look for falling prices soon.

Next Day Trading Range.. High: 1.5070 Low: 1.5041

Next Day Breakout Points High: 1.5083 Low: 1.5025

Current Day Trading Session:

Momentum is continuing upward at the present time.

Next Day Trading Session:

If the next day’s close is below 1.5033 then that could be a sign that the current upward momentum is reversing.

4xGenie Suport Team.

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Forex Trade Alert for EUR/USD

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

4xgenie — Thu, 12 Nov 2009 08:15:55 +0000

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

4xGenie Support Team.

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

Forex Genie Trade Alerts » FOREX TRADE ALERT EUR/USD

Forex Summary Report for EUR Currency Pairs

Forex Summary Report for EUR Currency Pairs

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The euro broke through the $1.36 support level, signaling a further decline to test support at $1.29. Recovery above the declining (orange) trendline is now unlikely — as is breakout above the declining trendline on Momentum Oscillator (63-day).

Current Day Trading Session:

Next Day Trading Session:

US Dollar Index

The US Dollar Index is in a primary up-trend, breaking through short-term resistance at 80.5 as the euro weakened. The short consolidation indicates trend strength, with buyers preventing a stronger retracement. Reversal below the rising trendline is now most unlikely.

Forex Trade Alert EUR/USD and USD/JPY

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Summary Report As of Nov-12-2009.

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4xGenie Support Team.