forex signals

Forex Technical Analysis - 18 October 2007




AUDUSD

Today market open at 0.8908. Daily RSI 14 at level 58. Stochastic at level 40/56. Yesterday supported by Daily EMA 21. Now open below EMA 9. Today market may ranging between Daily EMA 9 and 21.

Suggest today stop trading.


Today Pivot Point :
R3=0.9124
R2=0.9044
R1=0.8975
PP=0.8895
S1=0.8826
S2=0.8746
S3=0.8677



EURJPY

Today market open at 165.73. Daily RSI 14 at level 59. Stochastic Oscillators at 82/74. Parabolic SAR second dots at 167.63. Strong support found at 4 hours EMA 100. Expected today may fall further to 4 hours EMA 200 at 163.20.

Suggest go for short sell around 165.45 with short term target at 164.30 stop above 165.90.

Today Pivot Point :
R3=168.33
R2=167.40
R1=166.57
PP=165.64
S1=164.81
S2=163.88
S3=163.05




EURUSD

Today market open 1.4211. Daily RSI 14 at level 63. Stochastic at 76/71. Market now may break above Trendline Resistant at 1.4228. And may test today R2 at 1.4278 at anytime.

Suggest today stop trading for EURUSD

Today Pivot Point :
R3=1.4322
R2=1.4277
R1=1.4245
PP=1.4200
S1=1.4168
S2=1.4123
S3=1.4091



GBPJPY

Today market open at 237.99. Daily RSI 14 at level 54. Stochastic Oscillators 14.3.3 at 55/69. Today market may ranging between 4 hours EMA 50 at 238.02 and EMA 100 at 236.98.

Today not recommend for GBPJPY.

Today Pivot Point :
R3=242.08
R2=240.40
R1=239.19
PP=237.51
S1=236.30
S2=234.62
S3=233.41



GBPJPY

Today market open at 2.0403. Daily RSI 14 at level 55. Stochastic Oscillators at 47/55. Today market may ranging between upper Trendline level at 2.0483 and Lower Trendline level at 2.0320.

Suggest buy around today PP with short term target at 2.0470 stop below 2.0360. Or sell at 2.0470 with short term target around 2.0390 and mid term target 2.0330 stop above 2.0500

Today Pivot Point :
R3=2.0635
R2=2.0543
R1=2.0474
PP=2.0382
S1=2.0313
S2=2.0221
S3=2.0152



NZDUSD

Today market open at 0.7519. Strong support found at Daily EMA 50. Daily RSI 14 at level 52. Daily Stochastic Oscillators at level 9/30. Now at between 4 hours EMA 100 and 200. And in the middle of EMA 9 at 0.7496. If break below EMA 9 here market may pull back again to 4 hours EMA 200 at 0.7448. If failed below EMA 9, then market may continue test today R1 or R2.

Suggest sell around 0.7530 with short term target around 0.7460 stop above 0.7560. Or Buy at PP with target R1 and stop below 0.7480.

Today Pivot Point :
R3=0.7722
R2=0.7636
R1=0.7577
PP=0.7491
S1=0.7432
S2=0.7346
S3=0.7287.




USDCAD

Today market open at 0.9740. Suggest trade tonight US market news and Canada.

Today Pivot Point :
R3=0.9893
R2=0.9857
R1=0.9798
PP=0.9762
S1=0.9703
S2=0.9667
S3=0.9608.



USDCHF

Today market open at 1.1798. Daily RSI 14 at Level 45. Stochastic Oscillators 14.3.3 K% had been cross below D% at 72/77. Parabolic SAR dots at 1.1894. Signal that direction today may target weekly S2 at 1.1701 at anytime may be complete the Fibonacci Expansion 161.8% around 1.1650.

Suggest short selling at 1.1790 with short terms target 1.1750 and Mid term target at 1.1700 stop 1.1810. NOTE: Be caution of today Trade Balance.

Today Pivot Point :
R3=1.1882
R2=1.1856
R1=1.1828
PP=1.1802
S1=1.1774
S2=1.1748
S3=1.1720



USDJPY

Today market open at 116.62. Daily RSI 14 at level 51. Stochastic Oscillators 14.3.3 at 63/74. Parabolic SAR at 116.16. Strong support at 4 hours EMA 200. And the Trendline support. if break below here next may test second Trendline support found at 114.40.

Suggest short sell around today PP with short term target 116.20 stop above 116.80. Note if today Yen can hit the Daily Parabolic SAR then we can target at 115.50.

Today Pivot Point :
R3=118.18
R2=117.68
R1=117.15
PP=116.65
S1=116.12
S2=115.62
S3=115.09



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