CURRENCY	CURRENT BIAS	POTENTIAL 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

Roger A. Stojsic

Technical Analyst, GFT

• 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 3	1.42	127.2%, 78.6%, AB=CD, bearish butterfly on 4hr
Resistance 2	1.43	127.2%, 161.8% on 4hr
Resistance 1
Current Price	1.4041
Support 1	1.3975-1.3937	61.8%-78.6%
Support 2	1.3825-1.3800	127.2%
Support 3	1.3750	161.8%

• Source: DealBook®360
• Source: DealBook®360

• 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

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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

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 3	1.67	61.8%, 141.4% on daily
Resistance 2	1.71	161.8% on daily
Resistance 1	1.7561	78.6% on daily
Current Price	1.6355
Support 1	1.6210	50%
Support 2	1.6114	61.8%
Support 3	1.5976	78.6%

• Source: DealBook®360
• Source: DealBook®360

• Daily Chart -
• 8hr Chart -

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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

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 3	97.35	61.8%
Resistance 2	98.02	78.6%
Resistance 1	98.88	previously established resitstance/top
Current Price	95.99
Support 1	96.34	38.2%
Support 2	95.94	61.8%
Support 3	95.30	recently established bottom/support

• Source: DealBook®360
• Source: DealBook®360

• 1hr Chart - Support (before)
• 1hr Chart - Support (after)

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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

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 3	1.09	50%
Resistance 2	1.0935	61.8%
Resistance 1	1.0973	78.6%
Current Price	1.0845
Support 1	1.0780	61.8%
Support 2	1.0714	78.6%
Support 3	1.0631	recently established low/bottom

• Source: DealBook®360
• Source: DealBook®360

• 8hr Chart - Consolidation/congestion after bear trend violation
• 1hr Chart -

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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

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	1.1654	38.2%
Resistance 2	1.1923	50%
Resistance 1	1.2191	61.8%
Current Price	1.1556
Support 1	1.15 (not shown)	intraday support (61.8% of most recent rally)
Support 2	1.14 (not shown)	127.2% of most recent rally
Support 3	1.1350 (not shown)	161.8% of most recent rally

• Source: DealBook®360
• Source: DealBook®360

• Daily Chart -
• 4hr Chart -

Get Your DealBook® Charting Package Free!

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

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	.8.8065	78.6%
Resistance 2	.8115	127.2%
Resistance 1	.8151	161.8%
Current Price	.7952
Support 1	8016	61.8%
Support 2	.7959	127.2%
Support 3	.7929	161.8%

• Source: DealBook®360
• Source: DealBook®360

• Daily Chart - Near trendline support
• 1hr Chart - Intraday support and resistance levels

Get Your DealBook® Charting Package Free!

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

The bearish butterfly pattern just missed....

Support & Resistance Levels
Resistance 3	.6575	141.4% of XA, 161.8% of BC, AB=CD
Resistance 2	.6621	161.8% of XA
Resistance 1	..6945	61.8% 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

• Source: DealBook®360
• Source: DealBook®360

• 4hr Chart - Emerging Bearish butterfly pattern, possible sell if prices rally to point D
• 4hr Chart - Just missed

Get Your DealBook® Charting Package Free!

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/JPY Medium term		Sell at 91.7300 Stop at 92.21 Target 1 at 91.01 Target 2 at 90.49
USD/CAD Medium term		Sell at 1.0819 Stop at 1.0854 Target 1 at 1.0767 Target 2 at 1.0726
EUR/GBP Medium term		Buy at .8847 Stop at 0.8792 Target 1 at 0.8976 Target 2 at 0.9069

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