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