Important Forex Notice:

When trading it is important to know your risks. If you have only been trading for a short time it is highly recommended that you start with a Forex demo account first. Forex trading is highly risky and normally it takes 3 – 5 years to become a successful forex trader. Only risk that which you can easily afford to lose. Forex trading is not a get rich quick scheme, but if managed carefully, it is an excellent investment.

REMEMBER: FOREX NEWS OVERRIDES TECHNICAL ANALYSES !!!!!!!! http://www.4xgenie.com/News_Charts.html

Forex Trade Alert for – Symbol EUR/CHF.

Forex Trade Alert for Thursday Jun 12, 2008.

On Jun-12-2008 a candlestick formation confirmed a buy signal. 4xgenie Action: ==> Buy this currency pair at 1.6159. Stop at 1.6007. Wave 3 could rise up to 1.6600 or to 1.7082. NOTE: The width of the Bollinger Bands is expanding which indicates that prices are trending. The CCI has crossed above -100. Look for rising prices soon.

TRENDLINE ALERT for CURRENCY PAIR EUR/CHF: Resistance level of 1.6055 was broken today. Look for a possible rise to the next resistance level.

Next Day Trading Ranges for Thursday Jun 12, 2008.

The 20 day moving average of the daily trading range is 103 pips, and the 60 day moving average of the daily trading range is 106 pips. This shows that volatility has decreased in the short term. The percentage of updays when the open/low ratio is less than 25% is 68.92 percent. This means that if this currency pair does not drop more than 26 from the opening price then there is a 68.92 percent chance that this will be an upday.

The [R3] or the most extreme high trading range is 1.6253. The [R2] or the extreme high trading range is 1.6196. The [R1] or the high trading range is 1.6135. The [P] or pivot point is 1.6078. The [S1] or the low trading range is 1.6017. The [S2] or the extreme low trading range is 1.5960. The [S3] or the most extreme low trading range is 1.5899.

Next Day Alternate Stops for Thursday Jun 12, 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 drops below 1.5960 then that would show momentum against Forexgenie‘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 Forex Trading Session:

No signs of upward momentum at this time.

Next Day Trading Session:

If the next day’s close is above 1.6159 then that could be a sign that new upward momentum is beginning.

4xGenie Support Team