forex signals

Forex Technical Analysis - 16 October 2007




AUDUSD

Today market open at 0.9002. Daily RSI 14 at level 66. Stochastic Oscillators 14.3.3 K% has been cross below D% at level 90/93. Strong support found at Daily EMA 9. Parabolic SAR at 0.8867. Today Aussie may continue fall to Daily EMA 18 at 0.8848 or EMA 30 at 0.8749.

Not recommend to trade for today.


Today Pivot Point :
R3=0.9176
R2=0.9123
R1=0.9062
PP=0.9009
S1=0.8948
S2=0.8895
S3=0.8834



EURJPY

Today Market open at 166.88. Daily RSI14 at level 68. Stochastic Oscillators 14.3.3 at level 98/99. 4 hours Stochastic Oscillators had been break below the Trendline Support, now at level 35/50. signal that EURJPY may continue fall.

Suggest short sell at Today PP around 166.95 with short term target at 165.85 stop above 167.30.

Today Pivot Point :
R3=169.05
R2=168.37
R1=167.63
PP=166.95
S1=166.21
S2=165.53
S3=164.79




EURUSD

Today market open at 1.4213. Daily RSI 14 at level 62. Stochastic Oscillators 68/63. Today market may test the Daily EMA 9 at 1.4169. If break below here we may see euro may target EMA 21 at 1.4085. Take note that yesterday high may confirm the Double Top patterns.

Suggest sell around 1.4220 with short term target at 1.4170 or more at 1.4090 stop above 1.4250. Or Buy around 1.4200 with short term target at 1.4250 or 1.4280 stop below 1.4170

Today Pivot Point :
R3=1.4328
R2=1.4284
R1=1.4249
PP=1.4205
S1=1.4170
S2=1.4126
S3=1.4091




GBPJPY

Today market open at 239.82. Daily RSI 14 at level 61. Stochastic Oscillators 14.3.3 at level 98/97. 4hours Stochastic Oscillators 14.3.3 K% has been cross below D% at 69/76 signal that GBPJPY may continue fall to EMA 9 at 238.80 or more to EMA 21 at 236.47.

Suggest short sell at today PP with short term target 238.80 stop above 240.20.

Today Pivot Point :
R3=242.44
R2=241.55
R1=240.69
PP=239.80
S1=238.94
S2=238.05
S3=237.19



NZDUSD

Today market open at 0.7630. Daily RSI 14 at level 59. Stochastic Oscillators 14.3.3 K% has been cross below D% at level 73/81. 2nd Parabolic SAR at 0.7754. Yesterday market break below Weekly support 1 at 0.7658(Woodie) & 0.7634(Standard). Today may test Weekly Support 2 at 0.7534(Woodie) or 0.7522(Standard). This morning open below 4 hours EMA 50. May test EMA 100 at 0.7545 or further to EMA 200 at 0.7444.

Suggest short sell around 0.7645 with short term target 0.7580 Stop above 0.7670. Note that market has reached to strong Trendline support around 0.7680. So market may re bounce at anytime.

Today Pivot Point :
R3=0.7883
R2=0.7816
R1=0.7722
PP=0.7655
S1=0.7561
S2=0.7494
S3=0.7400




USDCAD

Today market open at 0.9759. Tonight Interest Rate Statement may push Loonie continue to another high. By the way it has been break above the near term Trendline Resistant at 0.9745 from 2007.10.04 value at 1.0011 to 2007.10.10 value at 0.9870. And at Fibonacci Fan from 2007.10.04 to 2007.10.10, market may test today 38.2% at 0.9790 and may be more to 50.0% at 0.9830.

Suggest take action after 9.00 pm.

Today Pivot Point :
R3=0.9856
R2=0.9815
R1=0.9787
PP=0.9746
S1=0.9718
S2=0.9677
S3=0.9649




USDCHF

Today market open at 1.1802. Daily RSI 14 at 48. Stochastic Oscillators 14.3.3 at level 83/84.
Market slightly below the Trendline Support.

Suggest option 1 short sell at today PP with short term target 1.1770, then 2nd target at 1.1730

Today Pivot Point:
R3=1.1926
R2=1.1891
R1=1.1846
PP=1.1811
S1=1.1766
S2=1.1731
S3=1.1686




USDJPY

Today market open at 117.41. Daily RSI 14 at 57. Stochastic Oscillators at level 94/95. Direction still remain between EMA 50 & 100.

Not recommend to trade.

Today Pivot Point :
R3=118.71
R2=118.32
R1=117.86
PP=117.47
S1=117.01
S2=116.62
S3=116.16



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