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CURRENCY	CURRENT BIAS	POTENTIAL STRATEGY
EUR/USD (Medium Term)		Wait until a new pattern emerges.
GBP/USD (Medium Term)		Wait until a new pattern emerges.
USD/JPY (Medium Term)		Wait until a new pattern emerges.
USD/CHF (Medium Term)		Wait until a new pattern emerges.
USD/CAD (Medium Term)		Wait until a new pattern emerges.
AUD/USD (Medium Term)		Wait until a new pattern emerges.
NZD/USD (Medium Term)		Wait until a new pattern emerges.

Bradley W. Gareiss

Technical Analyst, GFT

• EUR/USD
• GBP/USD
• USD/JPY
• USD/CHF
• USD/CAD
• AUD/USD
• NZD/USD

EUR/USD (Swing Forecast)

Potential Strategy

Wait until a new pattern emerges.

What is the trend?	Neutral
What is this pattern?	No pattern present - See all chart patterns
Why is this significant?	There is no high probability pattern so we cannot place a trade.
What other indicators or Fib Levels support this thesis?	No trade

Reason for Strategy

We have drawn a new bearish channel on the EUR/USD 2hr Chart after the sideways channel was broken.  Of course, the pair quickly broke through this channel as well.  There is not a whole lot of symmetry with the USD at this point.  We will now simply watch for new patterns to form.

Trade Invalidation

No trade

Support & Resistance Levels
Resistance 3	1.5062	100% of XA on the 4hr Chart
Resistance 2	1.4969	78.6% of XA on the 4hr Chart
Resistance 1	1.4895	61.8% of XA on the 4hr Chart
Current Price	1.4875
Support 1	1.4800	38.2% of AB on the 4hr Chart
Support 2	1.4767	50% of AB on the 4hr Chart
Support 3	1.4734	61.8% of AB on the 4hr Chart

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

• 4hr Chart - Where will we see new resistance?
• 2hr Chart - Broken bearish channel.

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.

GBP/USD (Swing Forecast)

Potential Strategy

Wait until a new pattern emerges.

What is the trend?	Neutral
What is this pattern?	No pattern present - See all chart patterns
Why is this significant?	There is no high probability pattern so we cannot place a trade.
What other indicators or Fib Levels support this thesis?	No trade

Reason for Strategy

We have drawn a bearish channel on the GBP/USD 1hr Chart.  However, the pair has quickly risen above the channel.  We will continue to watch for new patterns within the context of the Fibonacci levels on the 8hr Chart.

Trade Invalidation

No trade

Support & Resistance Levels
Resistance 3	1.7021	127.2% of XA on the 8hr Chart
Resistance 2	1.6740	100% of XA on the 8hr Chart
Resistance 1	1.6519	78.6% of XA on the 8hr Chart
Current Price	1.6556
Support 1	1.6315	38.2% of AB on the 8hr Chart
Support 2	1.6199	50% of AB on the 8hr Chart
Support 3	1.6083	61.8% of AB on the 8hr Chart

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

• 8hr Chart - Will we see major resistance now?
• 1hr Chart - Broken bearish channel.

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 (Swing Forecast)

Potential Strategy

Wait until a new pattern emerges.

What is the trend?	Neutral
What is this pattern?	No pattern present - See all chart patterns
Why is this significant?	There is no high probability pattern so we cannot place a trade.
What other indicators or Fib Levels support this thesis?	No trade

Reason for Strategy

This pair has just been brutal.  There is not clear short term pattern, even a decent channel.  We will continue to watch for new patterns to form because there is not much else to do at this point.

Trade Invalidation

No trade

Support & Resistance Levels
Resistance 3	109.99	61.8% of XA on the Weekly Chart
Resistance 2	105.63	50% of XA on the Weekly Chart
Resistance 1	101.26	38.2% of XA on the Weekly Chart
Current Price	90.78
Support 1	90.18	78.6% of AB on the Weekly Chart
Support 2	87.12	100% of AB on the Weekly Chart
Support 3	83.22	127.2% of AB on the Weekly Chart

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

• Weekly Chart - Bearish channel.
• 2hr Chart - Extremely weak bearish channel that has been broken.

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/CHF (Swing Forecast)

Potential Strategy

Wait until a new pattern emerges.

What is the trend?	Neutral
What is this pattern?	No pattern present - See all chart patterns
Why is this significant?	There is no high probability pattern so we cannot place a trade.
What other indicators or Fib Levels support this thesis?	No trade

Reason for Strategy

We have drawn a bullish channel on the USD/CHF 2hr Chart after the sideways channel was broken.  Like most other USD based pairs, the channel broke, and we don't have much to look at.  I think we could be a pivotal moment in this pair because we also are hovering just above the long term 78.6% Fibonacci retracement of XA.

Trade Invalidation

No trade

Support & Resistance Levels
Resistance 3	1.1463	61.8% of AB on the Weekly Chart
Resistance 2	1.1164	50% of AB on the Weekly Chart
Resistance 1	1.0897	38.2% of AB on the Weekly Chart
Current Price	1.0149
Support 1	1.0184	78.6% of XA on the Weekly Chart
Support 2	0.9609	100% of XA on the Weekly Chart
Support 3	0.8878	127.2% of XA on the Weekly Chart

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

• Weekly Chart - Will support at 1.0184 finally hold or finally break?
• 2hr Chart - Broken bullish channel.

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 (Swing Forecast)

Potential Strategy

Wait until a new pattern emerges.

What is the trend?	Neutral
What is this pattern?	No pattern present - See all chart patterns
Why is this significant?	There is no high probability pattern so we cannot place a trade.
What other indicators or Fib Levels support this thesis?	No trade

Reason for Strategy

The USD/CAD has shot up before entering our bullish pattern from last week.  Therefore, we have drawn a bullish channel on the 2hr Chart.  The channel has broken just like the majority of our other USD based channels, of course.  We will watch for new patterns to form.

Trade Invalidation

No trade

Support & Resistance Levels
Resistance 3	1.1143	61.8% of XC on the Daily Chart
Resistance 2	1.0964	50% of XC on the Daily Chart
Resistance 1	1.0785	38.2% of XC on the Daily Chart
Current Price	1.0625
Support 1	1.0629	100% of AB on the Daily Chart
Support 2	1.0495	127.2% of AB on the Daily Chart
Support 3	1.0324	161.8% of AB on the Daily Chart

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

• Daily Chart - It is hard to tell where this is headed next.
• 4hr Chart - Broken bullish channel.

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 (Swing Forecast)

Potential Strategy

Wait until a new pattern emerges.

What is the trend?	Neutral
What is this pattern?	No pattern present - See all chart patterns
Why is this significant?	There is no high probability pattern so we cannot place a trade.
What other indicators or Fib Levels support this thesis?	No trade

Reason for Strategy

The AUD/USD trade setups from yesterday have both been invalidated.  Therefore we have drawn a bearish channel.  This new channel is fairly weak at this point, but could become stronger if the pair sees resistance at this point.

Trade Invalidation

No trade

Support & Resistance Levels
Resistance 3	N/A	N/A
Resistance 2	Top of channel	See Weekly Chart
Resistance 1	Top of channel	See 2hr Chart
Current Price	0.9101
Support 1	Bottom of channel	See Weekly Chart
Support 2	Bottom of channel	See 2hr Chart
Support 3	0.8151	38.2% of AB on the Weekly Chart

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

• Weekly Chart - Bullish channel.
• 2hr Chart - Bearish channel.

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 (Swing Forecast)

Potential Strategy

Wait until a new pattern emerges.

What is the trend?	Neutral
What is this pattern?	No pattern present - See all chart patterns
Why is this significant?	There is no high probability pattern so we cannot place a trade.
What other indicators or Fib Levels support this thesis?	No trade

Reason for Strategy

The NZD/USD has risen above our trade setup from yesterday, so we have taken that pattern away.  We now have a possible bearish channel forming.  If the pair drops just right, and ABCD pattern could complete at the bottom of the potential bearish channel.  We won't set up a trade idea yet, but we may if the pair drops over the next day.

Trade Invalidation

No trade

Support & Resistance Levels
Resistance 3	Top of channel	See Daily Chart
Resistance 2	Bottom of channel	See Daily Chart
Resistance 1	Top of channel	See 1hr Chart
Current Price	0.7236
Support 1	Bottom of channel	See 1hr Chart
Support 2	0.7016	127.2% of BC on Daily Chart
Support 3	N/A	N/A

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

• Daily Chart - Broken bullish channel.
• 1hr Chart - Bearish channel and ABCD.

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.

TRADE RECOMMENDATIONS

• Trades to Watch
• Trades in Progress

currency		recommendation
GBP/AUD Medium term		Sell at 1.6759 Stop at 1.6837 Target at 1.6641
NZD/CAD Medium term		Sell at .7320 Stop at 0.7363 Target at 0.7255

• view more trades

currency		recommendation
NZD/USD Medium term Opened 2/26/2010		Short from 0.7141 Stop at 0.7205 Target at 0.7055

• view more trades

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