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)
Waiting for new pattern to emerge
USD/CHF (Short Term)
Waiting for intraday pattern to emerge
USD/CAD (Short Term)
Waiting for new pattern to emerge
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

Prices did find resistance near 1.42 on the bearish butterfly pattern we've been highlightingh having now dropped off significantly.

Support & Resistance Levels
Resistance 31.42127.2%, 78.6%, AB=CD, bearish butterfly on 4hr
Resistance 21.43127.2%, 161.8% on 4hr
Resistance 1
Current Price1.4041
Support 11.3975-1.393761.8%-78.6%
Support 21.3825-1.3800127.2%
Support 31.3750161.8%
  • 4hr Chart - Early stages of emerging bearish butterfly projected to complete near 1.42 resistance
  • 4hr Chart - Bearish butterfly complete near 1.42 resistance and prices have dropped

DISCLAIMER: The information provided below should not be relied upon as a substitute for extensive independent research before making your investment decisions. FX360 .com is merely providing these views for your general information. The information presented in the views below does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. In addition, any projections or views of the market provided by the authors may not prove to be accurate.

FX360.com 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 on FX360.com

NOTE: All trade ideas on FX360.com are hypothetical. FX360.com has not placed these ideas in a live trading environment. Forex Trading involves high risks, with the potential for substantial losses that exceed your initial deposit and is not suitable for all persons. Past performance is not necessarily indicative of future results.

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
Same story...Even though there has been some wicked volatility/spikes the GBP/USD is still unable to establish medium-term trend as prices are yet unable to achieve new significant highs or lows (see 8hr).
Support & Resistance Levels
Resistance 31.6761.8%, 141.4% on daily
Resistance 21.71161.8% on daily
Resistance 11.756178.6% on daily
Current Price1.6355
Support 11.621050%
Support 21.611461.8%
Support 31.597678.6%

DISCLAIMER: The information provided below should not be relied upon as a substitute for extensive independent research before making your investment decisions. FX360 .com is merely providing these views for your general information. The information presented in the views below does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. In addition, any projections or views of the market provided by the authors may not prove to be accurate.

FX360.com 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 on FX360.com

NOTE: All trade ideas on FX360.com are hypothetical. FX360.com has not placed these ideas in a live trading environment. Forex Trading involves high risks, with the potential for substantial losses that exceed your initial deposit and is not suitable for all persons. Past performance is not necessarily indicative of future results.

USD/JPY (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

The previously emerging bullish butterfly pattern in no longer valid as prices have moved above point C. We're on the sidlines for now looking for a new pattern to emerge.

Support & Resistance Levels
Resistance 397.3561.8%
Resistance 298.0278.6%
Resistance 198.88previously established resitstance/top
Current Price95.99
Support 196.3438.2%
Support 295.9461.8%
Support 395.30recently established bottom/support

DISCLAIMER: The information provided below should not be relied upon as a substitute for extensive independent research before making your investment decisions. FX360 .com is merely providing these views for your general information. The information presented in the views below does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. In addition, any projections or views of the market provided by the authors may not prove to be accurate.

FX360.com 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 on FX360.com

NOTE: All trade ideas on FX360.com are hypothetical. FX360.com has not placed these ideas in a live trading environment. Forex Trading involves high risks, with the potential for substantial losses that exceed your initial deposit and is not suitable for all persons. Past performance is not necessarily indicative of future results.

USD/CHF (Intraday Forecast)
Potential Strategy
Waiting for intraday 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
Same old, same old. Prices have been drifting lower after the approx 500 pip spike we saw late last week, but still have been unable to reach any new significant highs/lows in terms of trend (see 8hr). 
Support & Resistance Levels
Resistance 31.0950%
Resistance 21.093561.8%
Resistance 11.097378.6%
Current Price1.0845
Support 11.078061.8%
Support 21.071478.6%
Support 31.0631recently established low/bottom
  • 8hr Chart - Consolidation/congestion after bear trend violation
  • 1hr Chart -

DISCLAIMER: The information provided below should not be relied upon as a substitute for extensive independent research before making your investment decisions. FX360 .com is merely providing these views for your general information. The information presented in the views below does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. In addition, any projections or views of the market provided by the authors may not prove to be accurate.

FX360.com 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 on FX360.com

NOTE: All trade ideas on FX360.com are hypothetical. FX360.com has not placed these ideas in a live trading environment. Forex Trading involves high risks, with the potential for substantial losses that exceed your initial deposit and is not suitable for all persons. Past performance is not necessarily indicative of future results.

USD/CAD (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 31.165438.2%
Resistance 21.192350%
Resistance 11.219161.8%
Current Price1.1556
Support 11.15 (not shown)intraday support (61.8% of most recent rally)
Support 21.14 (not shown)127.2% of most recent rally
Support 31.1350 (not shown)161.8% of most recent rally

DISCLAIMER: The information provided below should not be relied upon as a substitute for extensive independent research before making your investment decisions. FX360 .com is merely providing these views for your general information. The information presented in the views below does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. In addition, any projections or views of the market provided by the authors may not prove to be accurate.

FX360.com 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 on FX360.com

NOTE: All trade ideas on FX360.com are hypothetical. FX360.com has not placed these ideas in a live trading environment. Forex Trading involves high risks, with the potential for substantial losses that exceed your initial deposit and is not suitable for all persons. Past performance is not necessarily indicative of future results.

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
Prices seem to be edging higher coming off daily trendline support (in blue on daily chart). but currently are testing 78.6% resistance near .8065 (on 1hr chart). There's really nothing solid emerging in terms of pattern development so well wait until a pattern emerges.
Support & Resistance Levels
Resistance 3.8.806578.6%
Resistance 2.8115127.2%
Resistance 1.8151161.8%
Current Price.7952
Support 1801661.8%
Support 2.7959127.2%
Support 3.7929161.8%
  • Daily Chart - Near trendline support
  • 1hr Chart - Intraday support and resistance levels

DISCLAIMER: The information provided below should not be relied upon as a substitute for extensive independent research before making your investment decisions. FX360 .com is merely providing these views for your general information. The information presented in the views below does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. In addition, any projections or views of the market provided by the authors may not prove to be accurate.

FX360.com 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 on FX360.com

NOTE: All trade ideas on FX360.com are hypothetical. FX360.com has not placed these ideas in a live trading environment. Forex Trading involves high risks, with the potential for substantial losses that exceed your initial deposit and is not suitable for all persons. Past performance is not necessarily indicative of future results.

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

The bearish butterfly pattern just missed....

Support & Resistance Levels
Resistance 3.6575141.4% of XA, 161.8% of BC, AB=CD
Resistance 2.6621161.8% of XA
Resistance 1..694561.8% on weekly
Current Price.6292
Support 1.6510 (not shown)recent high
Support 2.6455 (not shown)61.8% of most recent rally
Support 3.64 (not shown)127.2% of most recent rally
  • 4hr Chart - Emerging Bearish butterfly pattern, possible sell if prices rally to point D
  • 4hr Chart - Just missed

DISCLAIMER: The information provided below should not be relied upon as a substitute for extensive independent research before making your investment decisions. FX360 .com is merely providing these views for your general information. The information presented in the views below does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. In addition, any projections or views of the market provided by the authors may not prove to be accurate.

FX360.com 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 on FX360.com

NOTE: All trade ideas on FX360.com are hypothetical. FX360.com has not placed these ideas in a live trading environment. Forex Trading involves high risks, with the potential for substantial losses that exceed your initial deposit and is not suitable for all persons. Past performance is not necessarily indicative of future results.

CD01BK.035.103009


The information, including Commentary and Trade Ideas, provided on FX360.com should not be relied upon as a substitute for extensive independent research which should be performed before making your investment decisions. Global Forex Trading and FX360 .com is merely providing this information for your general information. The information and opinions presented do not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. Any projections or views of the market provided by FX360.com may not prove to be accurate.

The views of the authors and analysts are not necessarily those of Global Forex Trading, its owners, officers, agents or other employees. FX360.com 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 on FX360.com. 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.

TRADE IDEAS

  • Trades to Watch
  • Trades in Progress
currency trade idea
GBP/USD
Medium term



Buy Buy at 1.5702
Stop at 1.5676
Target at 1.5742
CHF/JPY
Medium term



Sell Sell at 83.7900
Stop at 84.02
Target at 83.44
currency trade idea
GBP/JPY
Medium term
Opened 2/1/2012
Buy Long from 121.0500
Stop at 120.17
Target at 121.9
USD/CAD
Medium term
Opened 1/31/2012
Sell Short from 0.9990
Stop at 1.0078
Target at 0.9905
AUD/NZD
Medium term
Opened 1/31/2012
Sell Short from 1.2870
Stop at 1.295
Target at 1.273
These are hypothetical trades and should not be relied upon as a substitute for independent research.

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