CURRENCY	CURRENT BIAS	POTENTIAL STRATEGY
EUR/USD (Short Term)		daily trendline broken, but currently testing minor support/bullish pattern completion near 1.4635 with room down to 1.4575. If current bottom of 1.4626 holds the room up to 1.4696, 1.4740.
GBP/USD (Short Term)		Waiting for new pattern to emerge.
USD/JPY (Short Term)		Waiting for new pattern to emerge.
USD/CHF (Short Term)		Sell at 1.0361 risking 1.0406 targeting 1.0292 (T1), 1.0245 (T2).
USD/CAD (Short Term)		Waiting for new pattern to emerge
AUD/USD (Short Term)		Flirting with daily bull trend line support. Bullish 4hr butterfly pattern emerging projected to complete near .8845.
NZD/USD (Short Term)		Currently testing 38.2% daily support near .7080 with room down to 2hr bullish pattern completion near .7030, .6960

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

daily trendline broken, but currently testing minor support/bullish pattern completion near 1.4635 with room down to 1.4575. If current bottom of 1.4626 holds the room up to 1.4696, 1.4740.

What is the trend?	Neutral
What is this pattern?	Bullish Butterfly - See all chart patterns
Why is this significant?	converging fib support increases odds for temporary bounce near pattern completion (point D)
What other indicators or Fib Levels support this thesis?	additional 161.8% ABCD extension pattern (in pink on 1hr) within CD leg (purple)

Reason for Strategy

Trade Invalidation

wide randing candles prior to current point D increase odds for dip down to D2 near 1.4575

Support & Resistance Levels
Resistance 3	1.4696	38.2%
Resistance 2	1.4718	50%
Resistance 1	1.4740	61.8%
Current Price	1.4655
Support 1	1.4626	current bottom near 127.2% of XA and BC
Support 2	1.4575	161.8% of XA and BC
Support 3	tbd	tbd

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

• Daily Chart -
• 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.

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?	bearish weekend gap

Reason for Strategy

Support & Resistance Levels
Resistance 3	1.6348	50%
Resistance 2	1.6369	61.8%
Resistance 1	1.6399	78.6%
Current Price	1.6322
Support 1	1.6261	161.8%
Support 2	1.6199	50%
Support 3	1.6083	61.8%

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

• Daily Chart -
• 30min 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.

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

Support & Resistance Levels
Resistance 3	91.96-92.08	88% on daily-161.8% on 2hr
Resistance 2	92.55	AB=CD on 2hr, previous top on daily (100%)
Resistance 1	93.23-93.74	127.2% ABCD extension on 2hr, 127.2% on daily
Current Price	91.85
Support 1	91.30	38.2% of most recent 2hr rally (not shown)
Support 2	91.0	50% of most recent 2hr rally (not shown)
Support 3	90.50	78.6% of most recent 2hr rally (not shown)

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

• Daily Chart -
• 2hr 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/CHF (Intraday Forecast)

Potential Strategy

Sell at 1.0361 risking 1.0406 targeting 1.0292 (T1), 1.0245 (T2).

What is the trend?	Down
What is this pattern?	Bearish Butterfly - See all chart patterns
Why is this significant?	converging fib resistance near D increases odds for temporary market reversal
What other indicators or Fib Levels support this thesis?	previous resistance, bear trend line (weekly)

Reason for Strategy

Trade Invalidation

gaps prior to entry

Support & Resistance Levels
Resistance 3	1.0365	161.8% of XA, 161.8% ABCD extesnion
Resistance 2	1.04	previous resistance
Resistance 1	1.05	previous resistance
Current Price	1.0313
Support 1	1.0292	38.2% of CD
Support 2	1.0245	61.8% of CD
Support 3	1.0156	previous support (point A)

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

• Weekly 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.

USD/CAD (Intraday Forecast)

Potential Strategy

Waiting for new pattern to emerge

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

Support & Resistance Levels
Resistance 3	1.0869	127.2%
Resistance 2	1.0910	161.8%
Resistance 1
Current Price	1.0780
Support 1	1.0776	78.6%
Support 2	1.0730	127.2%
Support 3	1.0696	161.8%

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

• 8hr Chart -
• 30min 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

Flirting with daily bull trend line support. Bullish 4hr butterfly pattern emerging projected to complete near .8845.

What is the trend?	Neutral
What is this pattern?	Bullish Butterfly - See all chart patterns
Why is this significant?	converging fib support near D increases odds for temporary market reversal
What other indicators or Fib Levels support this thesis?

Reason for Strategy

Support & Resistance Levels
Resistance 3
Resistance 2
Resistance 1
Current Price
Support 1
Support 2
Support 3

• 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.

NZD/USD (Intraday Forecast)

Potential Strategy

Currently testing 38.2% daily support near .7080 with room down to 2hr bullish pattern completion near .7030, .6960

What is the trend?	Neutral
What is this pattern?	Bullish Butterfly - See all chart patterns
Why is this significant?	converging fib support near D increases odds for temporary market reversal
What other indicators or Fib Levels support this thesis?

Reason for Strategy

Support & Resistance Levels
Resistance 3	.7291	38.2% of current daily down swing
Resistance 2	.7356	50% of current daily down swing
Resistance 1	.7422	61.8% of current daily down swing
Current Price	.7149
Support 1	.7084	38.2%
Support 2	.7030	161.8% of XA, 127.2$ of BC
Support 3	.6960	161.8% of BC, 200% of XA

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

• Daily Chart -
• 2hr 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.

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 at 1.0238 Stop at 1.0283 Target 1 at 1.0171 Target 2 at 1.0119
NZD/CAD Medium term		Sell at .7942 Stop at 0.7992 Target 1 at 0.7867 Target 2 at 0.7805

• view more trades

currency		recommendation
USD/CAD Medium term Opened 11/20/2009		Short from 1.0702 Stop at 1.0758 Target 1 at 1.0618 Target 2 at 1.0555

• view more trades

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