Monday, August 6, 2012

Sell GBY/JPY

Sell Limit GBP/JPY 123.00 Stop @ 124.50 Target: 121.50

Sell Crude Oil

Sell Crude Oil around $ 91.55 SL above $92.10 TGT: $ 90.30-$90-$89.50

Sunday, August 5, 2012

USA Traders! Email Me

If you are from USA, email me at shah.ashok@live.com . I will provide email signals on major currency for free. Even Traders from Germany, Belgium, Canada also email me for free email alert.

Friday, August 3, 2012

EUR/USD intraday: turning up.

Pivot: 1.218 
Our preference: Long positions above 1.218 with targets @ 1.229 & 1.233 in extension.
 Alternative scenario: Below 1.218 look for further downside with 1.213 & 1.2115 as targets.
 Comment: the immediate trend remains up and the momentum is strong.

Thursday, August 2, 2012

EUR/USD intraday: under pressure.

Pivot: 1.2330.
Our Preference: SHORT positions below 1.233 with 1.222 & 1.217 as next targets.
Alternative scenario: The upside penetration of 1.233 will call for 1.239 & 1.244.
Comment: as long as the resistance at 1.233 is not surpassed, the risk of the break below 1.222 remains high.

GOLD‏ (Spot) intraday: key ST resistance at 1607

GOLD‏ (Spot) intraday: key ST resistance at 1607

Pivot: 1607.00
Our Preference: SHORT positions below 1607 with 1592 & 1589 as next targets.

Alternative scenario: The upside penetration of 1607 will call for 1611 & 1619.
Comment: the RSI is bearish and calls for further downside.

EUR/CHF intraday: bullish bias above 1.2.

EUR/CHF intraday: bullish bias above 1.2.
Pivot: 1.2
Our preference: Long positions above 1.2 with targets @ 1.203 & 1.205 in extension.
Alternative scenario: Below 1.2 look for further downside with 1.199 & 1.198 as targets.
Comment: a support base at 1.2 has formed and has allowed for a temporary stabilisation.

Wednesday, August 1, 2012

USD/CAD intraday: key ST resistance at 1.005.

Pivot: 1.005
Our preference: Short positions below 1.005 with targets @ 0.997 & 0.9925 in extension.
Alternative scenario: Above 1.005 look for further upside with 1.011 & 1.0165 as targets.
Comment: as long as 1.005 is resistance, likely decline to 0.997.

USD/JPY Intraday: the downside prevails


Pivot: 78.4

Our preference: Short positions below 78.4 with targets @ 78 & 77.90

Alternative scenario: Above 78.4 look for further upside with 78.65 & 78.8 as targets.

Comment: as long as 78.4 is resistance, look for choppy price action with bearish bias

USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...