CURRENCYCURRENT BIASPOTENTIAL STRATEGY
EUR/USD (Short Term)
Waiting for new pattern to emerge
GBP/USD (Short Term)
Waiting for new pattern to emerge.
USD/JPY (Short Term)
Room up to 89.37-89.84 on off 88.60 support and bullish butterfly pattern completion...
USD/CHF (Short Term)
Sell USD/CHF at 1.0238. Stop at 1.0283. Profit targets at 1.0171, 1.0119.
USD/CAD (Short Term)
Trade in progress...Short USD/CAD from 1.0702. Stop at 1.0758. Profit targets at 1.0618, 1.0555.
AUD/USD (Short Term)
Waiting for new pattern to emerge
NZD/USD (Short Term)
Waiting for new pattern to emerge
  • EUR/USD
  • GBP/USD
  • USD/JPY
  • USD/CHF
  • USD/CAD
  • AUD/USD
  • NZD/USD
EUR/USD (Intraday Forecast)
Potential Strategy
Waiting for new pattern to emerge
What is the trend?Neutral
What is this pattern?No pattern present - See all chart patterns
Why is this significant?
What other indicators or Fib Levels support this thesis?
Reason for Strategy
Support & Resistance Levels
Resistance 31.489938.2%
Resistance 21.494650%
Resistance 161.8%1.4934
Current Price1.4885
Support 11.484778.6%
Support 21.4768-58127.2%
Support 31.4701-1.4695161.8%
DISCLAIMER: This forum and the information provided here should not be relied on as a substitute for extensive independent research before making your investment decisions. Global Forex Trading is merely providing this column for your general information. The views of the authors are not necessarily those of Global Forex Trading, its owners, officers, agents or other employees. In addition, any projections or views of the market provided by the authors may not prove to be accurate. Global Forex Trading and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained in this column. Global Forex Trading and the currency research team do not render investment, legal, accounting, tax, or other professional advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be sought.

This website is not intended for residents of the United Kingdom.

GBP/USD (Intraday Forecast)
Potential Strategy
Waiting for new pattern to emerge.
What is the trend?Neutral
What is this pattern?No pattern present - See all chart patterns
Why is this significant?
What other indicators or Fib Levels support this thesis?
Reason for Strategy
Support & Resistance Levels
Resistance 31.6812-15127.2% of XA, 161.8% of BC, 161.8% ABCD extension pattern
Resistance 21.6966161.8% of XA
Resistance 11.7045previous top (point A on daily)
Current Price1.6772
Support 11.662138.2%
Support 21.655250%
Support 31.648461.8%
DISCLAIMER: This forum and the information provided here should not be relied on as a substitute for extensive independent research before making your investment decisions. Global Forex Trading is merely providing this column for your general information. The views of the authors are not necessarily those of Global Forex Trading, its owners, officers, agents or other employees. In addition, any projections or views of the market provided by the authors may not prove to be accurate. Global Forex Trading and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained in this column. Global Forex Trading and the currency research team do not render investment, legal, accounting, tax, or other professional advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be sought.

This website is not intended for residents of the United Kingdom.

USD/JPY (Intraday Forecast)
Potential Strategy
Room up to 89.37-89.84 on off 88.60 support and bullish butterfly pattern completion...
What is the trend?Up
What is this pattern?Bullish Butterfly - See all chart patterns
Why is this significant?Converging fib support at point D increases odds of temporary market reversal.
What other indicators or Fib Levels support this thesis?
Reason for Strategy
Support & Resistance Levels
Resistance 389.3738.2%
Resistance 289.6150
Resistance 189.9461.8%
Current Price88.74
Support 188.60167.2% of XA, AB=CD
Support 287.87161.8% of XA
Support 386.83127.2% on daily
DISCLAIMER: This forum and the information provided here should not be relied on as a substitute for extensive independent research before making your investment decisions. Global Forex Trading is merely providing this column for your general information. The views of the authors are not necessarily those of Global Forex Trading, its owners, officers, agents or other employees. In addition, any projections or views of the market provided by the authors may not prove to be accurate. Global Forex Trading and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained in this column. Global Forex Trading and the currency research team do not render investment, legal, accounting, tax, or other professional advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be sought.

This website is not intended for residents of the United Kingdom.

USD/CHF (Intraday Forecast)
Potential Strategy
Sell USD/CHF at 1.0238. Stop at 1.0283. Profit targets at 1.0171, 1.0119.
What is the trend?Down
What is this pattern?No pattern present - See all chart patterns
Why is this significant?
What other indicators or Fib Levels support this thesis?
Reason for Strategy

see Brad's original write up here

Support & Resistance Levels
Resistance 3
Resistance 2
Resistance 1
Current Price
Support 1
Support 2
Support 3
DISCLAIMER: This forum and the information provided here should not be relied on as a substitute for extensive independent research before making your investment decisions. Global Forex Trading is merely providing this column for your general information. The views of the authors are not necessarily those of Global Forex Trading, its owners, officers, agents or other employees. In addition, any projections or views of the market provided by the authors may not prove to be accurate. Global Forex Trading and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained in this column. Global Forex Trading and the currency research team do not render investment, legal, accounting, tax, or other professional advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be sought.

This website is not intended for residents of the United Kingdom.

USD/CAD (Intraday Forecast)
Potential Strategy
Trade in progress...Short USD/CAD from 1.0702. Stop at 1.0758. Profit targets at 1.0618, 1.0555.
What is the trend?Down
What is this pattern?No pattern present - See all chart patterns
Why is this significant?
What other indicators or Fib Levels support this thesis?
Reason for Strategy
see Brad's original write up here
Support & Resistance Levels
Resistance 3
Resistance 2
Resistance 1
Current Price
Support 1
Support 2
Support 3
DISCLAIMER: This forum and the information provided here should not be relied on as a substitute for extensive independent research before making your investment decisions. Global Forex Trading is merely providing this column for your general information. The views of the authors are not necessarily those of Global Forex Trading, its owners, officers, agents or other employees. In addition, any projections or views of the market provided by the authors may not prove to be accurate. Global Forex Trading and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained in this column. Global Forex Trading and the currency research team do not render investment, legal, accounting, tax, or other professional advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be sought.

This website is not intended for residents of the United Kingdom.

AUD/USD (Intraday Forecast)
Potential Strategy
Waiting for new pattern to emerge
What is the trend?Neutral
What is this pattern?No pattern present - See all chart patterns
Why is this significant?
What other indicators or Fib Levels support this thesis?
Reason for Strategy
Support & Resistance Levels
Resistance 3.916561.8%
Resistance 2.923578.6%
Resistance 1.9327previous top
Current Price.9144
Support 1.911550%
Support 2.906638.2%
Support 3.900861.8% (not shown)
DISCLAIMER: This forum and the information provided here should not be relied on as a substitute for extensive independent research before making your investment decisions. Global Forex Trading is merely providing this column for your general information. The views of the authors are not necessarily those of Global Forex Trading, its owners, officers, agents or other employees. In addition, any projections or views of the market provided by the authors may not prove to be accurate. Global Forex Trading and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained in this column. Global Forex Trading and the currency research team do not render investment, legal, accounting, tax, or other professional advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be sought.

This website is not intended for residents of the United Kingdom.

NZD/USD (Intraday Forecast)
Potential Strategy
Waiting for new pattern to emerge
What is the trend?Neutral
What is this pattern?No pattern present - See all chart patterns
Why is this significant?
What other indicators or Fib Levels support this thesis?
Reason for Strategy
Support & Resistance Levels
Resistance 3.729138.2% of current daily down swing
Resistance 2.735650% of current daily down swing
Resistance 1.742261.8% of current daily down swing
Current Price.7226
Support 1.724961.8%
Support 2.717478.6%
Support 3.6958127.2%
DISCLAIMER: This forum and the information provided here should not be relied on as a substitute for extensive independent research before making your investment decisions. Global Forex Trading is merely providing this column for your general information. The views of the authors are not necessarily those of Global Forex Trading, its owners, officers, agents or other employees. In addition, any projections or views of the market provided by the authors may not prove to be accurate. Global Forex Trading and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained in this column. Global Forex Trading and the currency research team do not render investment, legal, accounting, tax, or other professional advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be sought.

This website is not intended for residents of the United Kingdom.

Forex Trading involves high risks, with the potential for substantial losses and is not suitable for all persons. Past performance is not necessarily indicative of futures results.

TRADE RECOMMENDATIONS

  • Trades to Watch
  • Trades in Progress
currency recommendation
USD/CHF
Medium term



Sell Sell at 1.0238
Stop at 1.0283
Target 1 at 1.0171
Target 2 at 1.0119
NZD/CAD
Medium term



Sell Sell at .7942
Stop at 0.7992
Target 1 at 0.7867
Target 2 at 0.7805
currency recommendation
USD/CAD
Medium term
Opened 11/20/2009
Sell Short from 1.0702
Stop at 1.0758
Target 1 at 1.0618
Target 2 at 1.0555

QUOTEBOARD

  • Key Quotes
  • Currencies
  • Markets
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • up
  • 1.4860
  • 1.4935
  • 1.4800
EUR/USD
5 min chart
  • GBP/USD
  • up
  • 1.6497
  • 1.6675
  • 1.6459
GBP/USD
5 min chart
  • USD/JPY
  • down
  • 88.88
  • 89.12
  • 88.67
USD/JPY
5 min chart
  • OIL
  • up
  • 77.46
  • 79.83
  • 77.03
CLZ9
5 min chart
  • GOLD
  • down
  • 1150.3
  • 1151.1
  • 1132.3
.GOLD
5 min chart
  • US Stocks
  • down
  • 10321
  • 10348
  • 10255
.US30
5 min chart
  • UK Stocks
  • down
  • 5269.4
  • 5310.3
  • 5221.8
.UK100
5 min chart
  • DEM Stocks
  • down
  • 5673.3
  • 5743.3
  • 5635.8
.DE30
5 min chart
  • JP Stocks
  • up
  • 9470
  • 9507
  • 9358
.JP225
5 min chart
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • up
  • 1.4860
  • 1.4935
  • 1.4800
5 min chart
  • GBP/USD
  • up
  • 1.6497
  • 1.6675
  • 1.6459
  • USD/JPY
  • down
  • 88.88
  • 89.12
  • 88.67
  • USD/CHF
  • up
  • 1.0178
  • 1.0222
  • 1.0122
  • USD/CAD
  • down
  • 1.0703
  • 1.0731
  • 1.0614
  • AUD/USD
  • down
  • 0.9144
  • 0.9215
  • 0.9060
  • NZD/USD
  • down
  • 0.7240
  • 0.7326
  • 0.7199
  • USD/MXN
  • up
  • 13.0598
  • 13.1193
  • 13.0345
  • EUR/JPY
  • up
  • 132.10
  • 132.94
  • 131.79
  • GBP/JPY
  • down
  • 146.63
  • 148.40
  • 146.43
  •  
  • current
  • high
  • low
 
  • OIL
  • up
  • 77.46
  • 79.83
  • 77.03
5 min chart
  • GOLD
  • down
  • 1150.3
  • 1151.1
  • 1132.3
5 min chart
  • SILVER
  • up
  • 18.485
  • 18.573
  • 18.026
5 min chart
  • US500
  • down
  • 1091.1
  • 1096.6
  • 1085.4
5 min chart
  • UK Stocks
  • down
  • 5269.4
  • 5310.3
  • 5221.8
5 min chart
  • DEM Stocks
  • down
  • 5673.3
  • 5743.3
  • 5635.8
5 min chart
  • JP Stocks
  • up
  • 9470
  • 9507
  • 9358
5 min chart
  • AU Stocks
  • up
  • 4681.0
  • 4697.0
  • 4631.0
5 min chart
  • 10 yr Bond
  • down
  • 119.45
  • 119.95
  • 119.43
5 min chart
  • Bund
  • up
  • 122.58
  • 122.68
  • 122.20
5 min chart
Data source: GFT

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