FOREX TRADE ALERT AND GOLD OUTLOOK.

GOLD AND EUR/USD OUTLOOK

GOLD AND EURO HAVE MOVED IN SYNK. FAILURE OF GOLD SUPPORT AT $860 WOULD

SIGNAL DOLLAR STRENGHT AGAINST THE EURO AND OTHER CURRENCIES.

SPOT GOLD PENETRATED SUPPORT AT $900 AND $860 AND IS HEDET FOR A TEST OF PRIMARY SUPPORT AT $770.

RECOVERY ABOVE THE RECENT HIGH AT $950 WOULD COMPLATE A DOUBLE BOTTOM,

REVERSAL WITH A TARGET OF $1020.

THE EURO CAUGHT MANY BULLS OFF-GUARD, WITH A SECOND FAILD BREAK ABOVE $1.59 FOLLOW BY REVERSAL

TO TEST SUPPORT AT $1.55. FAILURE OF SUPPORT WOULD SIGNAL AT TEST OF $1.50.

REVERSAL ABOVE $1.60, WHIILE OFFER A TARGET OF $1.65.

FOREX TRADE ALERT FOR EURO.

4xGenie Action: ==> Remain out of this market, for now! Today’s candlestick has broken out of the yellow shaded area of the chart and below the lower pivot band. This is very bearish! A divergence in the MACD indicator has been found.

MONTHLY PIVOT ALERT: Support level of 1.5604 was broken today. When the monthly pivot point is broken - we can look for a possible drop to the monthly S1 ( support level 1).

Next Day Trading Ranges for Tuesday Apr 29, 2008

The 20 day moving average of the daily trading range is 169 pips and the 60 day moving average of the daily trading range is 151 pips. This shows that volatility has increased in the short term. The percentage of updays when the open/low ratio is less than 25% is 89.74 percent. This means that if this par does not drop more than 42 from the opening price then there is a 89.74 percent chance that this will be an upday.

The [R3] or the most extreme high trading range is 1.5761.

The [R2] or the extreme high trading range is 1.5711.

The [R1] or the high trading range is 1.5641.

The [P] or pivot point is 1.5591.

The [S1] or the low trading range is 1.5521.

The [S2] or the extreme low trading range is 1.5471.

The [S3] or the most extreme low trading range is 1.5401.

Next Day Alternate Stops for Tuesday Apr 29, 2008

4xGenie is not currently in a trade.

Current Day Trading Session:

No signs of upward momentum at this time.

Next Day Trading Session: