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CURRENCYCURRENT BIASPOTENTIAL 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)
Bearish Gartley pattern emerging--projected completion near 90.20
USD/CHF (Short Term)
Approaching 2hr bull trendline
USD/CAD (Short Term)
Waiting for new pattern to emerge
AUD/USD (Short Term)
Room down to .8700 recent bearish butterfly completion/top near .8760 holds
NZD/USD (Short Term)
Room down to .6890 if bearish double-top gartley completion at .6935 holds
  • 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?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 31.370978.6%
Resistance 21.3785127.2%
Resistance 11.3840161.8%
Current Price1.3744
Support 11.364178.6%
Support 21.8596127.2%
Support 31.3564161.8%
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.

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
Support & Resistance Levels
Resistance 31.5645100%, 127.2%, ab=cd
Resistance 21.5675127.2%, 161.8%, 127.2% abcd extension
Resistance 11.5714161.8%
Current Price1.5629
Support 11.5444161.8%
Support 21.535050% on weekly (not shown)
Support 31.495061.8% on weekly (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.

USD/JPY (Intraday Forecast)
Potential Strategy
Bearish Gartley pattern emerging--projected completion near 90.20
What is the trend?Neutral
What is this pattern?Bearish Gartley - See all chart patterns
Why is this significant?Converging fib resistance near D increases odds of temporary market reversal.
What other indicators or Fib Levels support this thesis?
Reason for Strategy
Trade Invalidation
prices must remain above point C (~88.80) for bearish gartley pattern completion at D to remain valid. Otherwise, a drop below point C prior to pattern completion likely to trigger bearish momentum down to 87.81.
Support & Resistance Levels
Resistance 389.5838.2%
Resistance 289.9150%
Resistance 190.2361.8%
Current Price89.53
Support 188.55127.2%
Support 288.2361.8% on 8hr
Support 387.81161.8%
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/CHF (Intraday Forecast)
Potential Strategy
Approaching 2hr bull trendline
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 31.0740161.8%
Resistance 21.0888127.2% ABCD extensino
Resistance 11.1094161.8% ABCD extesnsion
Current Price1.0679
Support 11.068438.2%
Support 21.064850%
Support 31.061261.8%
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/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 31.0761127.2%
Resistance 21.0827161.8%
Resistance 11.0887127.2%
Current Price1.0692
Support 11.063461.8%
Support 21.059478.6%
Support 31.0480127.2%
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
Room down to .8700 recent bearish butterfly completion/top near .8760 holds
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?
Reason for Strategy
Support & Resistance Levels
Resistance 3.870638.2%
Resistance 2.874650%
Resistance 1.878961.8%
Current Price.8744
Support 1.862861.8%
Support 2.860678.6%
Support 3.8364161.8%
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.

NZD/USD (Intraday Forecast)
Potential Strategy
Room down to .6890 if bearish double-top gartley completion at .6935 holds
What is the trend?Down
What is this pattern?Bearish Gartley - 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?evening star
Reason for Strategy
Support & Resistance Levels
Resistance 3..6932100%
Resistance 2.6966127.2%
Resistance 1.7009161.8%
Current Price.6919
Support 1.685061.8%
Support 2.683078.6%
Support 3.6775127.2%
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
NZD/USD
Medium term



Buy Buy at .6912
Stop at 0.6882
Target at 0.6958
GBP/JPY
Medium term



Sell Sell at 139.2700
Stop at 140.39
Target at 137.58
GBP/JPY
Short term



Sell Sell at 139.1200
Stop at 139.82
Target at 137.51
There are currently no trades in progress.

QUOTEBOARD

  • Key Quotes
  • Currencies
  • Markets
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • up
  • 1.3678
  • 1.3774
  • 1.3639
EUR/USD
5 min chart
  • GBP/USD
  • down
  • 1.5053
  • 1.5207
  • 1.5018
GBP/USD
5 min chart
  • USD/JPY
  • down
  • 90.50
  • 90.80
  • 90.35
USD/JPY
5 min chart
  • OIL
  • down
  • 79.90
  • 81.27
  • 79.12
CLJ0
5 min chart
  • GOLD
  • up
  • 1107.8
  • 1108.2
  • 1100.8
.GOLD
5 min chart
  • US Stocks
  • up
  • 10638
  • 10643
  • 10569
.US30
5 min chart
  • UK Stocks
  • up
  • 5618.8
  • 5632.3
  • 5586.3
.UK100
5 min chart
  • DEM Stocks
  • up
  • 5937.8
  • 5952.5
  • 5897.3
.DE30
5 min chart
  • JP Stocks
  • up
  • 10729
  • 10801
  • 10667
.JP225
5 min chart
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • up
  • 1.3678
  • 1.3774
  • 1.3639
5 min chart
  • GBP/USD
  • down
  • 1.5053
  • 1.5207
  • 1.5018
  • USD/JPY
  • down
  • 90.50
  • 90.80
  • 90.35
  • USD/CHF
  • down
  • 1.0619
  • 1.0642
  • 1.0579
  • USD/CAD
  • up
  • 1.0195
  • 1.0232
  • 1.0162
  • AUD/USD
  • up
  • 0.9144
  • 0.9177
  • 0.9095
  • NZD/USD
  • down
  • 0.7012
  • 0.7054
  • 0.6986
  • USD/MXN
  • up
  • 12.5410
  • 12.5785
  • 12.5325
  • EUR/JPY
  • up
  • 123.80
  • 124.96
  • 123.31
  • GBP/JPY
  • up
  • 136.23
  • 137.93
  • 135.80
  •  
  • current
  • high
  • low
 
  • OIL
  • down
  • 79.90
  • 81.27
  • 79.12
5 min chart
  • GOLD
  • up
  • 1107.8
  • 1108.2
  • 1100.8
5 min chart
  • SILVER
  • down
  • 17.1
  • 17.144
  • 16.947
5 min chart
  • US500
  • down
  • 1150.6
  • 1150.9
  • 1141.1
5 min chart
  • UK Stocks
  • up
  • 5618.8
  • 5632.3
  • 5586.3
5 min chart
  • DEM Stocks
  • up
  • 5937.8
  • 5952.5
  • 5897.3
5 min chart
  • JP Stocks
  • up
  • 10729
  • 10801
  • 10667
5 min chart
  • AU Stocks
  • up
  • 4779.0
  • 4835.0
  • 4756.0
5 min chart
Data source: GFT

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