forex signals

Forex Technical Analysis 15 October 2007




AUDUSD

Today market open high at 0.9055, 20pips from last close. Daily RSI 14 now at level 70. Stochastic Oscillators 14.3.3 at 100/97. Signal the Aussie Overbought. Today may test another new high at Daily Standard R1 at 0.9076 or Weekly Standard R1 at 0.9095.

Suggest short sell around 0.9070 with mid- term target at 0.9000 possible for second target 0.8960. Stop above 0.9090. Note: on the next 1 to 2 hours if remain above 0.9010 market may start test high

Today Pivot Point :
R3=0.9183
R2=0.9118
R1=0.9076
PP=0.9011
S1=0.8969
S2=0.8904
S3=0.8862




EURUSD

Today market open at 1.4174. Daily RSI 14 at level 60. Stochastic Oscillators 14.3.3 at level 60/55. Parabolic SAR at 1.4023 same as EMA 30. Expected today EURO may pull back to S2 at 1.4116, if below here then may support by 4 hours EMA 100 at 1.4090.

Suggest short sell around 1.4180 with short term target at 1.4140 stop above 1.4200. Or go for long term target at 1.4090

Today Pivot Point :
R3=1.4274
R2=1.4245
R1=1.4210
PP=1.4181
S1=1.4146
S2=1.4117
S3=1.4082



GBPJPY

Today market open low at 238.96, 46 pips low from last close. Daily RSI at level 60. Stochastic Oscillators at 95/96. Today most probably aim for the 8.30am BOJ Governor Fukui speaks.

Suggest Trade on News


Today Pivot Point :
R3=242.20
R2=240.83
R1=240.12
PP=238.75
S1=238.04
S2=236.67
S3=235.93



GBPUSD

Today market open at 2.0350. Daily RSI at level 52. Stochastic Oscillators 14.3.3 K% has been cross below D%. Expected today Cable pull back to Daily EMA 50 at 2.0234 . If below here may test EMA 100 at 2.0127. If fail below Woodie S1, Cable may push back around 2.0400.

Suggest short sell at 2.0350 with short term target 2.0300 stop above 2.0370. For longer term may target 2.0250. Note: If Cable cannot fail below 2.0300 , market may re bounce back to 2.0500

Today Pivot Point :
R3=2.0525
R2=2.0467
R1=2.0403
PP=2.0324
S1=2.0281
S2=2.0202
S3=2.0159



NZDUSD

Today market open low at 0.7731, 14 pips from last close. Daily RSI 14 level at 68. Stochastic Oscillators 14.3.3 at level 98/95. Parabolic SAR at 0.7607. Today may pull back to Daily EMA 9 at 0.7649.
30 minutes and 60 minutes Stochastic Oscillators K% has been cross below D% on level 80, a sell signal for NZD.

Suggest sell around 0.7740 for short term target 0.7650 stop above 0.7760

Today Pivot Point :
R3=0.7860
R2=0.7807
R1=0.7776
PP=0.7723
S1=0.7692
S2=0.7639
S3=0.7608



USDCHF

Today market open at 1.1842. Daily RSI 14 at level 51. 4 hours Stochastic Oscillators 14.3.3 K% has been cross below D%. signal that Swiss may pull back to 1.1800 a level of Trendline Support, today S1 or 4 hours EMA 100.

Suggest Option 1 short sell around 1.1870 with short term target 1.1800 then possible today Parabolic SAR at 1.1765. Stop above 1.1890. Option 2 is buy at 1.1810 with mid term target at 1.19500 stop below 1.1780.

Today Pivot Point :
R3=1.1953
R2=1.1915
R1=1.1880
PP=1.1842
S1=1.1807
S2=1.1769
S3=1.1734




USDJPY

Today market open low at 117.45, 14pips from last close. From last week Yen has been move tight range between Daily EMA 50 and 100. Daily RSI 14 at level 60. Stochastic Oscillators 14.3.3 at level 98/97.

Suggest trade on BOJ governor Fukui Speaks

Today Pivot Point :
R3=118.39
R2=118.04
R1=117.82
PP=117.47
S1=117.25
S2=116.90
S3=116.68



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