CURRENCYCURRENT BIASPOTENTIAL STRATEGY
EUR/USD (Short Term)
Waiting for new pattern to emerge
GBP/USD (Short Term)
Bearish butterfly pattern complete near 1.68, room down to 1.6620
USD/JPY (Short Term)
Waiting for new pattern to emerge
USD/CHF (Short Term)
Waiting for new 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
Support & Resistance Levels
Resistance 31.5020fib convergence on short-term charts
Resistance 21.1.5059200%, previous resistance
Resistance 11.524378.6% on weekly
Current Price1.4997
Support 11.4990-8078.6%, previous support on short-term charts
Support 21.4960161.8%, previous support on short-term charts
Support 3daily bull trendlinedynamic support
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
Bearish butterfly pattern complete near 1.68, room down to 1.6620
What is the trend?Down
What is this pattern?Bearish Butterfly - See all chart patterns
Why is this significant?converging fib resistance at pattern completion increases odd for temporary market reversal.
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
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 390.6550%
Resistance 290.8161.8%
Resistance 191.0278.6%
Current Price90.10
Support 190.061.8%, recent bottom
Support 289.6378.6%
Support 389.18previous bottom
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 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

Trade Invalidation
gaps prior to entry
Support & Resistance Levels
Resistance 31.020738.2%
Resistance 21.023250%
Resistance 11.025661.8%
Current Price1.0177
Support 11.0126recent bottom
Support 21.009778.6% (not shown)
Support 31.0032previous bottom
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 31.075461.8%
Resistance 21.079778.6%
Resistance 1
Current Price1.0722
Support 11.069938.2%
Support 21.068250%
Support 31.066561.8%
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.

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 1.708438.2%
Support 2.7030161.8% of XA, 127.2$ of BC
Support 3.6960161.8% of BC, 200% of XA
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.

CD01BK.035.103009

TRADE RECOMMENDATIONS

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



Sell Sell at 1.6745
Stop at 1.6826
Target 1 at 1.6623
Target 2 at 1.6532
USD/JPY
Medium term



Sell Sell at 88.1400
Stop at 88.61
Target 1 at 87.43
Target 2 at 86.84
GBP/AUD
Medium term



Buy Buy at 1.7555
Stop at 1.741
Target 1 at 1.7786
Target 2 at 1.796
There are currently no trades in progress.

QUOTEBOARD

  • Key Quotes
  • Currencies
  • Markets
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • up
  • 1.5088
  • 1.5103
  • 1.5074
EUR/USD
5 min chart
  • GBP/USD
  • up
  • 1.6593
  • 1.6622
  • 1.6587
GBP/USD
5 min chart
  • USD/JPY
  • down
  • 86.99
  • 87.15
  • 86.58
USD/JPY
5 min chart
  • OIL
  • up
  • 77.46
  • 77.46
  • 77.46
CLZ9
5 min chart
  • GOLD
  • up
  • 1211.9
  • 1212.7
  • 1195.0
.GOLD
5 min chart
  • US Stocks
  • down
  • 10466
  • 10473
  • 10457
.US30
5 min chart
  • UK Stocks
  • down
  • 5305.1
  • 5309.7
  • 5301.5
.UK100
5 min chart
  • DEM Stocks
  • down
  • 5772.5
  • 5776.7
  • 5765.3
.DE30
5 min chart
  • JP Stocks
  • down
  • 9582
  • 9642
  • 9505
.JP225
5 min chart
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • up
  • 1.5088
  • 1.5103
  • 1.5074
5 min chart
  • GBP/USD
  • up
  • 1.6593
  • 1.6622
  • 1.6587
  • USD/JPY
  • down
  • 86.99
  • 87.15
  • 86.58
  • USD/CHF
  • down
  • 0.9988
  • 0.9996
  • 0.9978
  • USD/CAD
  • down
  • 1.0449
  • 1.0470
  • 1.0441
  • AUD/USD
  • down
  • 0.9269
  • 0.9280
  • 0.9247
  • NZD/USD
  • up
  • 0.7268
  • 0.7281
  • 0.7253
  • USD/MXN
  • down
  • 12.8473
  • 12.8496
  • 12.8390
  • EUR/JPY
  • down
  • 131.26
  • 131.55
  • 130.63
  • GBP/JPY
  • down
  • 144.34
  • 144.76
  • 143.77
  •  
  • current
  • high
  • low
 
  • OIL
  • up
  • 77.46
  • 77.46
  • 77.46
5 min chart
  • GOLD
  • up
  • 1211.9
  • 1212.7
  • 1195.0
5 min chart
  • SILVER
  • up
  • 19.315
  • 19.345
  • 19.07
5 min chart
  • US500
  • down
  • 1108.6
  • 1109.6
  • 1107.9
5 min chart
  • UK Stocks
  • down
  • 5305.1
  • 5309.7
  • 5301.5
5 min chart
  • DEM Stocks
  • down
  • 5772.5
  • 5776.7
  • 5765.3
5 min chart
  • JP Stocks
  • down
  • 9582
  • 9642
  • 9505
5 min chart
  • AU Stocks
  • up
  • 4756.5
  • 4782.5
  • 4753.5
5 min chart
  • 10 yr Bond
  • up
  • 121.12
  • 121.12
  • 121.12
5 min chart
  • Bund
  • down
  • 123.44
  • 123.78
  • 123.33
5 min chart
Data source: GFT

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