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.

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 relatively short term bullish channel which is emerging on the 4hr Chart.  The channel isn't perfect, but it is all we have at this point.  As the holiday season ends, we will watch for price action that fits our patters better.

Trade Invalidation

No trade

Support & Resistance Levels
Resistance 3	1.4678	50% of XA on the 4hr Chart
Resistance 2	1.4569	38.2% of XA on the 4hr Chart
Resistance 1	Top of channel	See 4hr Chart
Current Price	1.4413
Support 1	Bottom of channel	See 4hr Chart
Support 2	1.4281	61.8% of YZ on the Daily Chart
Support 3	1.4047	78.6% of YZ on the Daily Chart

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

• Daily Chart - Broken bullish channel.
• 4hr Chart - 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.

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 new bearish channel on the GBP/USD.  We have just seen resistance at the top of the channel.  If the pair continues to drop, the channel will continue to get stronger.  We will watch for new patterns to form within the context of the channel.

Trade Invalidation

No trade

Support & Resistance Levels
Resistance 3	1.6374	50% of XA on the Daily Chart
Resistance 2	1.6216	38.2% of XA on the Daily Chart
Resistance 1	Top of channel	See 8hr Chart
Current Price	1.6089
Support 1	1.5957	78.6% of AB on the Daily Chart
Support 2	1.5706	100% of AB on the Daily Chart
Support 3	Bottom of channel	See 8hr Chart

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

• Daily Chart - Will support at 1.5957 (78.6% of AB) continue to hold?
• 8hr 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.

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

We have drawn a bullish channel on the USD/JPY 4hr Chart.  The channel has improved and now appears to be fairly strong.  However, we have also no risen to the bearish trend line on the Weekly Chart.  So, something has to give, but we can't tell yet what that might be.

Trade Invalidation

No trade

Support & Resistance Levels
Resistance 3	99.82	38.2% of XA on the Weekly Chart
Resistance 2	Top of channel	See 4hr Chart
Resistance 1	Top of channel	See Weekly Chart
Current Price	92.46
Support 1	Bottom of channel	See 4hr Chart
Support 2	90.18	78.6% of AB on the Weekly Chart
Support 3	87.12	100% of AB on the Weekly Chart

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

• Weekly Chart - Bearish channel.
• 4hr Chart - 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/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 updated the bearish channel on the 2hr Chart.  However, this channel is fairly weak.  We would like at least one more point of support or resistance before we are confident in this channel.  Still, we will watch for new patterns to emerge within the 2hr Chart channel.

Trade Invalidation

No trade

Support & Resistance Levels
Resistance 3	1.1104	50% of AB on the Weekly Chart
Resistance 2	1.0822	38.2% of AB on the Weekly Chart
Resistance 1	Top of channel	See 2hr Chart
Current Price	1.0293
Support 1	Bottom of channel	See 2hr Chart
Support 2	1.0184	78.6% of XA on the Weekly Chart
Support 3	0.9609	100% of XA on the Weekly Chart

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

• Weekly Chart - The USD/CHF have begun to rise from 1.0184 (78.6% of XA).
• 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.

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 trade from last week is invalidated because the pair dropped down before entering the trade.  There isn't much to watch on this pair at this point, but there is a possible point of long term support around 1.0200.  Notice there is an ABCD pattern that would complete there, 161.8% of XA on the 8hr Chart, and the previous low on the Daily Chart (point F).

Trade Invalidation

No trade

Support & Resistance Levels
Resistance 3	1.0664	50% of EF on the Daily Chart
Resistance 2	Bearish trend line	See Daily Chart
Resistance 1	1.0556	38.2% of EF on the Daily Chart
Current Price	1.0417
Support 1	1.0404	100% of XA on the 8hr Chart
Support 2	1.0347	78.6% of FG on the Daily Chart
Support 3	1.0311	127.2% of XA on the 8hr Chart

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

• Daily Chart - Potential long term support near 1.0200.
• 8hr Chart - Potential long term support near 1.0200.

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 has nearly shot up to the top of the bearish channel on the 8hr Chart.  However, there is no pattern so we cannot set up a trade yet.  We will continue to watch for new patterns to develop on the 8hr Chart.

Trade Invalidation

No trade

Support & Resistance Levels
Resistance 3	0.9261	78.6% of AD on the 8hr Chart
Resistance 2	Top of channel	See 8hr Chart
Resistance 1	0.9148	61.8% of AD on the 8hr Chart
Current Price	0.9119
Support 1	0.9088	61.8% of BC on the 8hr Chart
Support 2	0.9025	78.6% of BC on the 8hr Chart
Support 3	0.8944	100% of BC on the 8hr Chart

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

• Weekly Chart - Broken bullish channel.
• 8hr Chart - Will the top of the channel hold.

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

We have drawn two bearish channels on the NZD/USD 4hr Chart.  It is interesting that this channel looks virtually identical to the channel immediately preceding it.  The pair has broken above the second channel, and we will just keep watching for new patterns to emerge.

Trade Invalidation

No trade

Support & Resistance Levels
Resistance 3	0.7490	78.6% of AD on the Daily Chart
Resistance 2	0.7378	61.8% of AD on the Daily Chart
Resistance 1	Top of channel	See Daily Chart
Current Price	0.7339
Support 1	0.7249	61.8% of BC on the Daily Chart
Support 2	0.7174	78.6% of BC on the Daily Chart
Support 3	0.7079	100% of BC on the Daily Chart

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

• Daily Chart - Will the top of the bearish channel hold?
• 4hr Chart - Twin channel breakouts.

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
NZD/USD Medium term		Buy at .6912 Stop at 0.6882 Target at 0.6958
EUR/GBP Short term		Buy at .9021 Stop at 0.9007 Target at 0.9053
GBP/JPY Medium term		Sell at 139.2700 Stop at 140.39 Target at 137.58

• view more trades

There are currently no trades in progress. view more trades

• view more trades

FREE RESEARCH & TOOLS

Social bookmarking refers to a method you can use to store, organize and manage bookmarks of web pages that interest you. These could be news articles, movie reviews, places you want to visit — any type of web page. The main advantage is that unlike traditional Internet bookmarks that are specific to one computer, you can use social bookmarking to add and access bookmarks from any computer with an Internet connection.

Another benefit of social bookmarking is the ability to share web pages with friends, family or anyone who has similar interests. Likewise, you can visit the pages that other social bookmarkers share with you.

All pages within our website include links to social bookmarking websites. These websites are free to use and require only a simple registration. This allows you to capture useful information you find on our website and share it with other traders like yourself. Your GFT bookmarks can become a reference if you have a question, want to revisit a concept that you found valuable or would like to tell someone about GFT.

Learn more and get started at Reddit, Digg, Del.icio.us, Google and Yahoo.