http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/05/21/EURUSD – USD weakness across the board resulted in EURUSD breaking the sequence of 4 negative daily performances yesterday. With the intraday chart now posting higher highs and lows, the bias turns to the upside. However, this could be short-lived with the previous high at 1.2929 ‘lining up’ with a 261.8% extension level (from 1.2795-1.2847). Risk/reward is just ample to call a buy this morning. We are looking to Buy at the 7am open with a stop at 1.2861. The profit targets are1.2916 andTue, 21 May 2013 05:39:44 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/05/21/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/05/17/USDCAD – Although USDCAD posted morning gains levels above the daily Ichimoku Cloud were rejected for the 2nd day in succession but dip buying from this level resulted in a positive daily performance. This upward pressure has continued overnight and the previous high of 1.0218 has been broken. There is no clear indication that the rally is stalling. However, we have the 78.6% extension level at 1.0233 that ‘lines up’ with an intraday 161.8% extension level, effectively forming a bearishFri, 17 May 2013 05:53:05 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/05/17/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/05/15/GBPUSD – Selling pressure continued in GBPUSD yesterday resulting in the pair trading to the lowest level in 3 weeks while posting the 4th negative daily performance in succession. Although this is clearly bearish for sentiment, the selloff has stalled near 1.5195, the previous support from the 23rd April. Intraday signals for sentiment are at oversold extremes and the 261.8% extension level is located at 1.5184, so there is scope for GBP buying this morning. Only Inside Bars (indecision) areWed, 15 May 2013 05:46:59 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/05/15/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/05/14/EURUSD – The dip was bought and the rally sold resulting in EURUSD posting little net change for the day yesterday. There has been some buying pressure in Asia but this is seen as a corrective sequence with sellers emerging above 1.3015, 10th May Marabuzo level. Although we need to see a break of 1.2995 to confirm the bearish momentum, this has resulted in the outlook being for lower levels going into today. The profit targets are 1.2960, 1.2915 and towards 1.2850. The risk, however, would beTue, 14 May 2013 06:04:55 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/05/14/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/05/10/EURUSD – The rally was sold and follow through selling pressure resulted in EURUSD trading to the lowest level in 9 trading days yesterday. However, this looks to have formed a bullish Gartley pattern with levels under 1.3016 (78.6% pullback of gains from 1.2954-1.3242) finding buyers. Our first resistance is located at 1.3058 so it would be unwise to call a buy at the open. We look for a mild move lower to get long today. The profit targets will be: 1.3058, 1.3098 and 1.3132 (Gartley target).Fri, 10 May 2013 05:39:31 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/05/10/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/05/08/USDCHF - Although USDCHF posted gains for the 4th day in succession levels above the daily Ichimoku Cloud (.9425) found sellers yesterday. We are assessed to be in a large consolidating daily triangle formation that has a mild bias to break to the upside. With the intraday chart still posting higher highs and lows, the immediate bias remains bullish but there is scope for a mild correction going into this morning. We have support located at .9381 and .9365. We look to the first level to getWed, 08 May 2013 05:43:39 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/05/08/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/05/07/AUDUSD – A small ‘gap open’ (1.0313-1.0296) was posted yesterday but continued selling pressure resulted in the pair posting a negative daily performance. Buyers emerged close to 1.0220, a level that has held back the bear on 3 occasions in the last 10 trading days. The ‘window’ is left open. The RBA (Reserve Bank of Australia) has cut the interest rates by .025% overnight (to 2.75%) and this support level (1.0220) has now been clearly broken. The outlook is for lower levels but, with theTue, 07 May 2013 05:29:21 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/05/07/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/05/03/EURUSD – Trading through the ECB meeting (and the subsequent press conference) was mixed and volatile but the rally was sold resulting in EURUSD breaking the sequence of 4 positive daily performances while trading to the lowest level in 3 days. The USD Index clearly broke higher through the bullish (intraday) Head and Shoulders formation. Price action has formed a bearish Evening Star formation on the daily chart on EURUSD. Although there has been mild buying from the low (1.3036), this isFri, 03 May 2013 05:25:27 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/05/03/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/05/02/GBPUSD – Gains in the European trading session resulted in GBPUSD trading to the 50% pullback level of 1.5586 (from 1.6341-1.4830). USD buying was posted after the FOMC minutes and Bearish Outside Bars were posted on the intraday charts (6 and 4 hours), often a signal of exhausted bullish momentum and the start of a downward bias. We can also note an ‘Ending Wedge’ formation that is backed up by bearish divergence (the chart makes a higher high while the oscillator makes a lower high), often aThu, 02 May 2013 05:40:11 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/05/02/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/30/EURUSD – Bearish with a stop at 1.3128 EURUSD – Buying pressure was posted yesterday resulting in EURUSD trading back inside the daily Ichimoku Cloud. However, this move higher has paused at 1.3106, 61.89% pullback of losses from 1.3200-1.2954. We should remember that this whole move higher (from the low of 1.2744 – week 1sr Apr) is seen as corrective with the pair ‘potentially’ still in wave 2 lower (medium term bias for a move towards the channel top of 1.3295). Furthermore, price actionTue, 30 Apr 2013 05:59:10 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/30/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/26/EURUSD – Bearish Bias – Looking to Sell at 1.3052 or a break of 1.3020 (35 pip stop) EURUSD – Although a rally was posted in EURUSD yesterday sellers emerged at the intraday 161.8% extension level of 1.3081 (from 1.2954-1.3033). This coincided with the daily Ichimoku Cloud cover of 1.3077. Selling from this resistance ‘zone’ resulted in all the initial rally being overturned. Looking to the USD Index again today and there is ample scope for another corrective leg higher (in c wave). Back toFri, 26 Apr 2013 05:39:53 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/26/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/25/GBPUSD – Bullish Bias – Looking to Buy a dip at 1.5295 or a break of 1.5334 (35 pip stop) GBPUSD – There was little net movement in GBPUSD yesterday as we continue to consolidate within the expending (intraday) wedge formation resulting in the smallest daily range in 10 (trading) days. However, with the USD weakening overnight GBPUSD has pushed higher to the top of the wedge (formation). Some selling pressure has been posted but we look for this to be short-lived.). Support levels are: 1.5290,Thu, 25 Apr 2013 05:32:44 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/25/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/24/EURGBP – Mildly Bearish Bias – Looking to Sell a break of .8505 (25 pip stop) EURGBP- The morning gains were strongly reversed yesterday resulting in EURGBP posting the 2nd negative daily performance in succession. In previous reports we have noted that the cross needs to break .8507 to continue the move to the downside (in a larger corrective sequence). Buyers emerged just above this level yesterday in late trade. The intraday outlook is mixed as we continued to trade within the dailyWed, 24 Apr 2013 05:39:27 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/24/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/23/EURUSD – Selling pressure continued from Friday’s high trade (1.3128) resulting in EURUSD posting a negative daily performance yesterday. The fact that the dip was bought is a concern (and the USD Index has posted a daily doji). Although there has been some selling pressure overnight, and the bias is mildly bearish, with the last three days price action posting little net change, we express caution this morning. The profit targets will be: 1.2972, 1.2933 and 1.2900. Resistance levels are:Tue, 23 Apr 2013 05:40:55 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/23/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/19/EURUSD - Our sell trigger level was at 1.3086 and although we did not manage to initiate this trade in our trading hours, selling was posted from a high trade of 1.3095. This resulted in over half the initial (daily) rally being overturned. A look to the intraday chart we can see the channel top being rejected again overnight (1.3075). Although a break below 1.3042 is needed to confirm the bearish momentum, the bias is for lower levels. The profit targets are 1.3025, 1.2985 (channel base) andFri, 19 Apr 2013 05:40:15 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/19/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/18/GBPUSD – Sellers returned to GBPUSD yesterday and the pair broke the neckline of the intraday Head and Shoulders formation. The measured move target level for this pattern is 1.5130 with daily Ichimoku Cloud support seen at 1.5180. It should be noted that the medium term boas is still bullish and this move lower is seen as a (large) profit taking correction. We noted in the EURUSD report that the USD Index is likely to correct from current levels so we look for a retest of the breakout levelsThu, 18 Apr 2013 05:44:53 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/18/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/17/EURGBP – Bullish Bias – Looking to Buy at .8555 stop at .8530 EURGBP – EURGBP posted net gains yesterday but level close to the previous high (.8601) from the 20th Mar found sellers. It should also be noted that .8603 is the 50% pullback level of the last selloff (from .8793 - .8411). This correction lower has stalled overnight with little net movement in Asia. A full AB=CD formation is located at .8555 and our bespoke support is seen at .8552 so we look to this area to get long today. TheWed, 17 Apr 2013 05:51:07 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/17/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/16/EURUSD – Although EURUSD posted a negative daily performance yesterday the selloff has attracted buyers and the dip has been bought under 1.3050. This renewed buying pressure has continued in Asia. If we look to the intraday chart this recent price action has formed a corrective channel. This can also be seen as a bullish flag formation. Although a break of 1.3095 (channel top) is needed to confirm the positive momentum, this has resulted in the bias being for higher levels. However,Tue, 16 Apr 2013 05:36:37 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/16/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/12/EURUSD – Contrary to yesterday’s bearish call for sentiment, the overnight losses could not be extended with buying pressure close to 1.3050 resulting in EURUSD trading to the highest level in 6 weeks. If we look to the USD Index chart we can note that this move lower in the USD has paused and a small correction has been posted from 82.09, 161.8% extension level from 83.50-82.92. This should extend slightly higher in a 3 wave correction. Reflecting this back to EURUSD and we look for anFri, 12 Apr 2013 06:15:28 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/12/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/11/USDJPY - Upside looking exhausted; Looking to Sell at 100.00 or Buy at 99.08 USDJPY – The sequence of 6 higher daily lows and highs remains intact as USDJPY trades towards 100.00. If we look at the intraday chart the trend of higher highs is nearly pip perfect to this important level. This has formed an ‘Ending Wedge’ formation that is back up by bearish divergence (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at leastThu, 11 Apr 2013 05:39:04 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/11/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/10/USDCHF – For the 2nd day in succession .9360 acted as solid resistance in USDCHF yesterday with selling pressure (close to this level) resulting in USDCHF trading to the lowest level in 6 weeks. However, we have numerous support indicators between our current price (.9318) and .9290, the medium term buy trigger at the channel base. There is no clear sign that the trend has reversed (as yet) so we will look to .9290 to trigger our long today (but may send an early update). Stop can be placed atWed, 10 Apr 2013 05:42:06 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/10/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/09/EURGBP – In our medium term report (yesterday) we talked about the possibility of a continued corrective trend towards .8550, 38.2% pullback level of the last selloff (from .8793-.8411). A full AB=CD formation is located at .8544. An overnight high of .8559 has been posted and sellers have now emerged. Although a clear break of .8532 is needed to confirm the negative momentum, the bias is assessed to be bearish going into today. The profit targets are .8510, .8479 and towards .8435. The risk,Tue, 09 Apr 2013 05:36:20 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/09/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/05/EURUSD – Although EURUSD sold off during Draghi’s speech, this was short-lived with buyers emerging under last week’s low of 1.2751, effectively forming a ‘double bottom’ in the intraday chart. Furthermore, continued buying pressure resulted in the pair posting a bullish Outside Day (with the range outside the last 7 trading days !). The USD Index is also an interesting chart with a possible daily Bearish Bat pattern highlighted. This would have an eventual target of 80.70 (currently tradingFri, 05 Apr 2013 05:49:53 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/05/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/04/USDCAD - Although there was a ‘reaction’ higher from our buy trigger yesterday (1.0135) it was short-lived. However, buyers did emerge close to Tuesday’s low trade (1.0125) resulting in USDCAD posting a double bottom formation. The bias now moves to the upside and the dip has been bought gain overnight. There is no indication that the (upward) trend is likely to reverse. In view of these facts our call today is a Bullish with a stop of 1.0134. The profit targets are 1.0180, 1.0195 and possiblyThu, 04 Apr 2013 05:44:19 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/04/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/03/EURGBP – Continued buying from .8411 (Monday’s low) resulted in EURGBP posting the most positive daily performance in 18 trading days. However, this move higher is assessed as being corrective and (with intraday signals for sentiment at overbought extremes) any further buying pressure should be limited. Prime resistance is located at .8500 so risk/reward is ample to call a sell this morning. The call is bearish with a stop at .8520. The profit targets are.8460, .8432 and .8400 The risk,Wed, 03 Apr 2013 05:42:42 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/03/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/02/USDJPY – Continued selling (from 96.13, 20th Mar high) was posted yesterday resulting in USDJPY trading to the lowest level in 4 weeks. This bearish momentum has continued overnight but the downside is stalling close to 92.52, 161.8% daily extension level (from 96.71-94.11). There has been mild buying from this level but our prime support is not seen until 92.06 and we have yet to post a higher (intraday) high or low. With these facts in mind we still look to sell into profit taking gainsTue, 02 Apr 2013 05:35:26 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/04/02/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/28/USDCAD – Although the pair posted morning gains sellers emerged close to 1.0200 (our sell trigger at 1.0190) with follow through selling resulting in the entire initial rally being overturned. We have stalled overnight but it is the rejection of gains that is the main focus today. Although we need to break 1.0148 to confirm the bearish momentum, the bias is to the downside with the prime target 1.0122. This call will be proved incorrect with a move through 1.0182. The profit targets are1.0148,Thu, 28 Mar 2013 06:39:34 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/28/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/27/EURGBP – The medium term bias mildly bearish with .8432 the prime target. We looked to sell into gains yesterday and although this proved correct (before our 4pm UK close) follow through selling was mild. There has been little net movement overnight and although signals are still bearish, entry levels are not clear. There is scope for mild buying but this should be capped at .8493. With these facts in mind our call is a Bearish Bias – Looking for sell signals at .8493 or a beak of .8458 (25Wed, 27 Mar 2013 06:50:31 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/27/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/26/GBPUSD – Our medium term outlook is still for higher levels once the right shoulder (in a bullish Head and Shoulders formation) has been completed. For the 2nd day in succession levels above 1.5230 found selling interest yesterday resulting in GBPUSD breaking the sequence of 2 higher daily lows. We expect trading to be mixed and volatile as we correct lower towards 1.5060. With an Outside Day being posted yesterday the prime level for a bearish entry is 1.5198 (Marabuzo. The profit targets areTue, 26 Mar 2013 06:46:29 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/26/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/22/EURUSD – The medium term bias is mixed to mildly bearish now with EURUSD posting a consolidating triangle formation at the low. Trading was mixed and limited in EURUSD yesterday with all trading within Wednesday’s range (1.2977-1.2858). The triangle base (1.2895) is being tested as we write. A clear break of this formation and it opens the way for a move down towards 1.2783. Our bias is now skewed to the downside and a break of the overnight low will trigger our short. The profit targetsFri, 22 Mar 2013 06:37:53 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/22/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/21/USDJPY – The medium term outlook is still mildly bearish as long as price action stays below 96.29. Although an overnight dip was posted yesterday buyers emerged above Tuesday’s low (94.73) with follow through bullish momentum posting a positive daily performance. However, for the last 4 trading days the pair has posted mixed results (2 positive and 2 negative), highlighting investor indecision. We have rejected levels close to 96.05, 78.6% Fibonacci level. This has posted a possible bearishThu, 21 Mar 2013 06:42:19 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/21/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/19/AUDUSD – In our medium term report (yesterday) we looked for the gap open to be closed (1.0404 – 1.0350). This was achieved yesterday resulting in AUDUSD posting the 3rd positive daily performance in succession. Although mild selling has been posted in Asia any further losses should be limited with the medium term outlook still for higher levels towards 1.0500. Our intraday support is located at 1.0375 and this ‘lines up’ with yesterday’s Marabuzo level. We look to this level for Buy triggers.Tue, 19 Mar 2013 06:38:06 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/19/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/15/EURUSD – Although further losses were posted in EURUSD yesterday buyers emerged close to 1.2900 with follow through bullish momentum resulting in the pair posting a positive daily performance. The USD Index has posted a daily bearish Engulfing Pattern close to 82.92, the target level (‘right wing’) for the weekly bearish Gartley formation. These candle patterns have a tendency to be ‘tested’ and the Marabuzo level (50% of the open and close) normally acts as resistance. Reflecting this back toFri, 15 Mar 2013 06:43:01 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/15/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/13/EURGBP – Intraday trading was mixed and volatile yesterday and although gains were posted levels above .8750 found selling interest. This was the 4th day (in the least 15) that this level has held back the bulls. With the sequence of trading now to sell rallies our focus is for lower level but, without a significant higher intraday low in place, there is scope for a correction this morningWed, 13 Mar 2013 06:36:55 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/13/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/12/AUDUSD – Buying from the right shoulder (in a Head and Shoulders formation approx. 1.0204) resulted in AUDUSD posting daily net gains of 74 pips while posting a bullish Outside Day. Our medium term outlook is for higher levels with the pair breaking through the neckline (1.0312). However, the intraday chart highlights a pause and pullback close to 1.0298 (261.8% extension level). We look for a mild correction to get long todayTue, 12 Mar 2013 06:40:01 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/12/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/08/EURUSD – Strong buying pressure was posted in the major currency pair yesterday resulting in EURUSD trading to the highest level in 5 days. However, with intraday signals for sentiment at overbought extremes, the rally found sellers close to last week’s Marabuzo level of 1.3115. Our bias is now for higher levels but, without a significant higher low, there is scope for a profit taking correction going into today Support levels are: 1.3088, 1.3058 and 1.2987 Resistance levels are: 1.3120,Fri, 08 Mar 2013 06:38:49 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/08/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/07/AUDUSD – With intraday signals for sentiment at overbought extremes, the overnight gains found sellers at 1.0300 yesterday, with follow through selling resulting in the entire initial rally being overturned. However, the dip has been bought overnight as trading becomes mixed inside this bullish Head and Shoulders formation. We look for a 3 wave correction lower within this pattern before the bulls should appear again around 1.0200 (so possibly 2 trades today). A clear break of 1.0240 is neededThu, 07 Mar 2013 06:33:30 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/07/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/06/EURGBP – Initial losses were posted in EURGBP yesterday but levels under .8600 found buying interest. This level has been a formidable barrier for the bears with 9 of the last 14 trading failing to hold below this Big Figure. Upward pressure has continued overnight and we look for this to extend towards .8694 is this 3 wave corrective pattern. It should be noted that this is also the 50% Fibonacci level of the last decline (.8814-.8576). The call would be negated with a move through .8600. TheWed, 06 Mar 2013 06:52:23 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/06/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/01/USDCAD at an 8 month high – Looking to Buy Dips close to 1.0268 with stops below 1.0250 USDCAD- Contrary to yesterday bearish outlook gains in USDCAD resulted in the pair trading to the highest level in 8 months (with last month’s net gains the largest in 8 months). Signals for sentiment are at overbought extremes so although there is no clear indication that the outlook is reversing, we look for a profit taking correction lower to get long today.Fri, 01 Mar 2013 06:38:26 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/03/01/http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/02/28/AUDUSD – Downward pressure from 1.0374 (15th Feb high trade) continued yesterday resulting in AUDUSD trading to the most negative level in 20 weeks. However, dips under 1.0225 continued to find buyers and this has occurred again overnight. The pair has now broken through the first resistance at 1.0251 and pushed higher. Our bias is now for further gains but next resistance is located at 1.0296 so risk/reward sis poor to call an outright Buy from the open. With this in mind the call today isThu, 28 Feb 2013 07:00:20 GMThttp://www.fxstreet.com/technical/forex-strategy/info@first4trading.com (First4Trading)http://www.fxstreet.com/technical/forex-strategy/daily-forex-call/2013/02/28/