forex signals

Forex Technical Analysis - 19 October 2007




AUDUSD

Today market open at 0.8950. Daily RSI 14 at level 61. Stochastic Oscillators 54/57. Today open above Daily EMA 9. Close to Parabolic SAR dots at 0.9050.

Suggest buy around today PP at 0.8940 with short term target R1 at 0.8980 Stop below 0.8900. Or short sell around 0.8970 with target at 0.8890 stop above 0.9000.


Today Pivot Point :
R3=0.9092
R2=0.9033
R1=0.8989
PP=0.8930
S1=0.8886
S2=0.8827
S3=0.8783



EURJPY

Today market open at 165.18. Daily RSI 14 at level 56. Stochastic Oscillators at 51/62. Parabolic SAR 3rd dots at 165.57. Market open below Daily EMA 9 and support by Fibonacci Fan 38.2% at 164.80 value from 2007.09.10 value at 154.96 to 2007.10.11 value at 167.64. May test 50% around 163.00 same level at daily EMA 50.

Suggest short sell around 165.00 with short term target at 164.00 stop above 165.40. Or mid term target around 163.00

Today Pivot Point :
R3=167.18
R2=166.64
R1=165.90
PP=165.36
S1=164.62
S2=164.08
S3=163.34




EURUSD

Today market open at 1.4288. Daily RSI 14 at level 66. Stochastic Oscillators at 92/82. Parabolic SAR 7th dots at 1.4046. EURUSD had overbought. Today may pull back to 1.4250. Then test another new high at 1.4360.

Suggest take action after 10.00 pm US market Fed. Chairman Mr. Bernanke Speaks.

Today Pivot Point :
R3=1.4455
R2=1.4384
R1=1.4336
PP=1.4265
S1=1.4217
S2=1.4146
S3=1.4098



GBPJPY

Today market open at 236.06. Daily RSI 14 at level 48. Stochastic Oscillators at 24/44. Parabolic SAR 4th dots at 240.28. Market had fell to 235.22. Support by Daily EMA 200. May test today Weekly S3 at 234.02 at anytime.

Suggest short sell around 236.00 with short term target around 234.00 stop above 236.90

Today Pivot Point :
R3=239.71
R2=238.91
R1=237.49
PP=236.69
S1=235.27
S2=234.47
S3=233.05



GBPUSD

Today market open at 2.0428. Daily RSI at level 57. Stochastic Oscillators 82/71. Parabolic SAR at 2.0290. Note yesterday candlestick form a long top spike. It may pull back to Weekly PP level at 2.0366. The 4 hours Stochastic Oscillators 14.3.3 K% has been cross below D% at 79/80.

Suggest short sell around PP with short term target around S1 stop above 2.0460. Or wait after 4.30 pm GDP release

Today Pivot Point :
R3=2.0668
R2=2.0600
R1=2.0515
PP=2.0447
S1=2.0362
S2=2.0294
S3=2.0209



NZDUSD

Today market open at 0.7523. Daily RSI 14 at level 52. Stochastic Oscillators at 16/23. Direction may ranging between 4 hours EMA 200 to 50.

Suggest today stop trading.

Today Pivot Point :
R3=0.7661
R2=0.7607
R1=0.7564
PP=0.7510
S1=0.7467
S2=0.7413
S3=0.737




USDCHF

Today market open at 1.1692. Daily RSI 14 at level 39. Stochastic Oscillators 31/50. Parabolic SAR 2nd dots at 1.1889.

Suggest short sell around 1.1710 with short term target 1.1630 stop above 1.1740. Or mid term target around 1.1600.

Today Pivot Point :
R3=1.1915
R2=1.1858
R1=1.1775
PP=1.1718
S1=1.1635
S2=1.1578
S3=1.1495



USDCAD

Today market open at 0.9738. Suggest trade tonight CPI from Canada.

Today Pivot Point :
R3=0.9828
R2=0.9803
R1=0.9771
PP=0.9746
S1=0.9714
S2=0.9689
S3=0.9657



USDJPY

Today market open at 115.63. Daily RSI 14 at level 43. Stochastic Oscillators at 26/47. Parabolic SAT second dots at 117.89. The direction now is downtrend. Yesterday market break below 1st Trendline support and now target 2nd Trendline Support at 114.50.

Suggest short sell around 115.80 with short term target at 115.00 or further at 114.50 stop above 116.00.

Today Pivot Point :
R3=117.82
R2=117.23
R1=116.42
PP=115.83
S1=115.02
S2=114.43
S3=113.62



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