Forex Genie Trade Alerts

FOREX TRADE ALERT for AUD/USD

Australian Dollar

The Aussie dollar broke out of its widening formation against the Dollar, penetrating the key resistance level of $0.9000. Expect a retracement to test the new support level, but the long term target is parity.

Next Day Trading Ranges for Thursday Oct 08, 2009

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FOREX TRADE ALERT for AUD/USD | BUY SIGNAL

FOREX MARKET OUTLOOK.

FOREX MARKET RECAP for EURO, DOLLAR INDEX and GOLD.

EURO

The euro is testing short-term resistance at $1.48; breakout is likely and would signal an advance to $1.50. Reversal below $1.44 is unlikely, but would warn of trend weakness — as would penetration of the rising trendline. In the long term, breakout above $1.50 would signal an advance to the 2008 high of $1.60.

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FOREX MARKET OUTLOOK | FOREX MARKET RECAP for EURO, DOLLAR INDEX and GOLD

Forex News To Watch 09.25.2009 8:30am EST – Durable Goods.

The value of orders placed for relatively long lasting goods. Durable Goods are expected to last more than three years. Such products often require large investments and usually reflect optimism on the part of the buyer that their expenditure will be worthwhile.

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FOREX TRADE ALERT NEWS TRADING | Durable Goods

Forex Trade Alert for AUD/JPY

Alert for Thursday Sep 17, 2009.

TRENDLINE ALERT: Resistance level of 79.50 was broken today. Look for a possible rise to the next resistance level.

Next Day Trading Ranges for Thursday Sep 17, 2009

The [R3] or the most extreme high trading range is 80.2837.
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FOREX TRADE ALERT for AUD/JPY | BUY SIGNAL

FOREX TRADE ALERT and OUTLOOK for EUR/USD, USD/JPY, AUD/USD

CURRENCIES CONSOLIDATE

Forex Trade Alert Signal for 08.21.2009

Euro

The euro has been edging upwards since early June, but this is more consolidation than trend, with the currency slipping below the new support level of $1.43. Recovery (above $1.43) would signal that the gradual up-trend is likely to continue, while breakout below the trend channel would warn of reversal to a primary down-trend. Penetration of support at $1.38 would confirm the down-trend and target the April low of $1.29.

British Pound

The pound is consolidating in a narrow band between $1.60 and $1.66 against the greenback. The failed breakout in early August indicates weakness and failure of support at $1.60 would confirm reversal to a primary down-trend. Continued currency debasement by the Bank of England should ensure that the pound weakens against major trading partners.

Japanese Yen

The dollar is testing support at ¥94 after retreating from the upper trend channel. Penetration of support would indicate a test of the lower channel around ¥90. Again, the trend is gradual, edging lower rather than a strong decline, possibly due to BOJ support for the dollar.

Australian Dollar

The Aussie dollar is testing the new support level at $0.82 against the greenback. Respect of support would indicate a primary advance with a target of $0.90*, while failure would test primary support around $0.7650. Recent commodity price weakness, as indicated by the decline of the CRB Commodities Index, is likely to prevent further advance of the little battler — unless we see recovery above the August peak at 269.

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