forex signals

Forex Technical Analysis - 17 October 2007




AUDUSD

Today market open at 0.8896. Yesterday market fell to the lower at 0.8819 a strong Trendline Support from 2007.08.17 value at 0.7674 to 2007.09.18 value at 0.8266. Daily RSI now at level 58. Stochastic 14.3.3 at 57/72. Parabolic SAR second dots at 0.9070. Current price now in between EMA 9 and 18. At 4 hours Stochastic Oscillators 14.3.3 K% has been cross above D%. Signal that market may push back again. Next few hours if market drop below 4 hours EMA 100 then next may target 4 hours EMA 200 at 0.8718.

Suggest short sell around PP with short terms target 0.8820 stop above 0.8920. If market re bounce above PP, suggest sell again at 0.8950 with target around 0.8870 stop above 0.8980


Today Pivot Point :
R3=0.9193
R2=0.9103
R1=0.8999
PP=0.8909
S1=0.8805
S2=0.8715
S3=0.8611



EURJPY

Today market open at 165.69. Daily RSI 14 at level 60. Stochastic Oscillators at level 75/85. Market open below Daily EMA 9. Looking downward to EMA 18/21 and the Parabolic SAR 6th dots at 164.79. At 4 hours chart5, Stochastic Oscillators 14.3.3 at level 9/9. Expected EURJPY may fall again 164.76 then to 163.80.

Suggest sell around PP with short term target 164.80 stop above 166.20. Or wait for tonight US market Housing start at 8.30 pm

Today Pivot Point :
R3=168.80
R2=167.86
R1=166.78
PP=165.84
S1=164.76
S2=163.82
S3=162.74




EURUSD

Today market open at 1.4174. The Daily EMA 9 still supporting the EURUSD. Today may fall again to EMA 18/21 or EMA 30 at 1.4050.

Suggest wait for tonight US market Housing Start

Today Pivot Point :
R3=1.4304
R2=1.4266
R1=1.4220
PP=1.4182
S1=1.4136
S2=1.4098
S3=1.4052




GBPJPY

Today market open at 237.46. Daily RSI at level 52. Stochastic Oscillators 14.3.3 K% has been cross below sharply D% at level 71/81. signal that GBPJPY may continue fall to Trendline Support at 236.31, a level from 2007.08.17 value at 219.29 to 2007.09.19 value at 228.44. Market now may consolidate between the 4 hours EMA 100 to 50.

Suggest after next few hours open below 4 hours EMA 100 sell here with short term target at EMA 200 at 235.90 stop above 60 pips. Or wait for tonight US market Housing start.

Today Pivot Point :
R3=243.04
R2=241.57
R1=239.52
PP=238.05
S1=236.00
S2=234.53
S3=232.48


GBPUSD

Today market open at 2.0325. For today Cable market I strong suggest trade after the 4.30 pm news and tonight US market. I hope can make it to back my desktop to update.


Today Pivot Point :
R3=2.0549
R2=2.0493
R1=2.0409
PP=2.0353
S1=2.0269
S2=2.0213
S3=2.0129



NZDUSD

Today market open at 0.7476. Daily RSI 14 at level 49. Stochastic Oscillators at level 22/47. Parabolic SAR now at third dots at 0.7749. Market price now in between EMA 21 and 50.
At 4 hours Chart Stochastic Oscillators 14.3.3 K% cross above D% at level 8/6. Today may continue fall again to Daily EMA 200 at 0.7276.

Today not recommend to trade.


Today Pivot Point :
R3=0.7863
R2=0.7750
R1=0.7614
PP=0.7501
S1=0.7365
S2=0.7252
S3=0.7116




USDCAD

Today market open at 0.9785. Tonight we may take action for the past 1st Oct Long Buy position. I will update after Housing Start

Today Pivot Point :
R3=0.9896
R2=0.9856
R1=0.9821
PP=0.9781
S1=0.9746
S2=0.9706
S3=0.9671




USDCHF

Today market open at 1.1821. Direction is not clear. Suggest trade tonight US market at 8.30 pm News.

Today Pivot Point:
R3=1.1903
R2=1.1873
R1=1.1847
PP=1.1817
S1=1.1791
S2=1.1761
S3=1.1735



USDJPY

Today market open at 116.87. Daily RSI at level 54. Stochastic Oscillators 14.3.3 at level 89/87.
4 hours Stochastic Oscillators K% has been cross above D% at level 15/10. Indicate that in the long term Yen may push back again to Daily EMA 100 at 117.64.

Suggest trade on Tonight 8.30 pm US market Housing Start.

Today Pivot Point :
R3=118.43
R2=117.93
R1=117.41
PP=116.91
S1=116.39
S2=115.89
S3=115.37



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