日本語
Español
中文
Русский
- New York 23:17
- London 04:17
- Barcelona 05:17
- Tokyo 13:17
- Sydney 15:17
3
1
The Daily Forecaster
Mon, Jul 6 2009, 03:46 GMT
by Ian Copsey
| Resistance: | 155.55 | 156.29 | 156.80 | 157.12 |
| Support: | 154.66 | 154.05 | 153.17-51 | 152.59 |
Please read the attached PDF file to ensure that you receive the full analysis...
Bias: The downside remains at risk - but take care at 154.66
Daily Bullish
We have already seen the break lower this morning but we have to take care at the 154.66 support. There are two targets for this leg lower - the first at 154.66 and the second between 153.17-51. Thus look for a bullish reversal pattern either at 154.66 or if this breaks at 153.17-51 and trade the break of the pattern. If we see the bounce occur from 154.66 then at most the pullback can get to 156.29-80. Thus any stronger bullish stance will require a break above 156.80 and if seen would extend gains to 157.84.
Medium Term Bullish
6th July: Losses have been too aggressive to think about any stronger recovery at present. Only above 156.80 would provide some temporary relief.
Daily Bearish
This morning has seen losses to 154.87 and I see support at 154.66. Take care here. For any further decline we shall need a break of this support. If seen then look for extension lower towards 153.17-51. I suspect this support would hold. However, do also note the next support at 152.59. While I remain MT bearish I feel we shouldn't see direct aggressive losses below 153.17-51 probably and certainly not 152.59.
Medium Term Bearish
6th July: While 156.80-157.12 caps I will be looking for losses to 154.66 and probably 153.17-51 and while a correction will be due the minimum eventual target is at 151.74 below which are projections at 148.48 and 146.47…
For a full description of how to use the analysis please see the Analysis page of my website. The prior day's set ups for potential trading levels highlighted in the report are now available on the Daily Forecast page of my web site
Published on Mon, Jul 6 2009, 03:51 GMT
Archive
- The Daily Forecaster
Published On Mon, Nov 23 2009, 04:09 GMT - The Daily Forecaster
Published On Fri, Nov 20 2009, 04:13 GMT - The Daily Forecaster
Published On Thu, Nov 19 2009, 03:38 GMT - The Daily Forecaster
Published On Wed, Nov 18 2009, 04:03 GMT - The Daily Forecaster
Published On Tue, Nov 17 2009, 03:55 GMT
FX-Forecaster
| 2-42-23 #203 Uehara, Shibuya-ku, Tokyo, 151-0064, Japan
http://www.fx-forecaster.com | info@fx-forecaster.com
Legal disclaimer and risk disclosure
The Daily Forecaster is an analytical tool only and is not intended to replace individual research. The service is offered as an opinion on the current state of the market with anticipated trading signals but not recommendations. The information provided in The Daily Forecaster should not be relied on as a substitute for extensive independent research before making your trading/investment decisions. Ian Copsey is merely providing this service for your general information. No representation is being made that any view or opinion will guarantee profits or not result in losses from trading. In addition any projections or views of the market provided may not prove to be accurate. The opinions are subject to change without notice. Opinions or views expressed in The Daily Forecaster are not meant to be either investment advice or a solicitation or recommendation to establish market positions. Ian Copsey will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained in this service. The information contained is private and may not be distributed or shared.Related reports
Daily World Market Update - Pound Idles Lower by World First UK Ltd
Fri, Nov 20 2009, 10:59 GMT
Markets Chartist Technical Analysis - S&P 500 & Mini dow Jones by Charmer Charts.com
Fri, Nov 20 2009, 10:21 GMT
The Commodities Report - Gold hovers near its record levels by KBC Bank
Fri, Nov 20 2009, 09:58 GMT
Weekend Analysis - Some Selling... Should Be More...Nothing Terrible by SwingTradeOnline.com
Fri, Nov 20 2009, 09:51 GMT
Today's Trading Signals by Financial Trend Analysis
Fri, Nov 20 2009, 08:45 GMT
Related content
Forex: GBP/USD rises back above 1.6500
FXstreet.com | Fri, Nov 20 2009, 16:38 GMT
European Morning Wrap Up; USD, JPY firm
Forex Live | Fri, Nov 20 2009, 11:59 GMT
Forex: GBP/USD: Pound in range between 1.6605 and 1.6675
FXstreet.com | Fri, Nov 20 2009, 07:48 GMT
Forex: Dollar and Yen finish with gains on falling stocks
FXstreet.com | Thu, Nov 19 2009, 22:49 GMT
Forex: GBP/JPY trades at the lowest level in two weeks, below 148.00
FXstreet.com | Thu, Nov 19 2009, 14:17 GMT
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.