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Thread: Daily Analysis of Majors

  1. #1
    Short Term Analysis
    Date: Monday, 2/4/2008

    EURUSD (Close 1.4802)
    in case you're following our progress to the Euro, we're brief from last week#8217;s 4891 range top. Currently up 106 ticks. If you're brief, stay brief and follow today#8217;s analysis.

    For Monday I expect the EURUSD to exchange down to the 4780 in Asia. This region has the potential to hold the range reverse and bottom price back to 4850. If this materializes, short-term traders can look to place new shorts on a push upward to the 4850 level. Target for the transaction will be 4718. Ideally, risk ought to be above the 4895 level.

    If the 4780 degree gives way, then continue to hold brief into 4718. Cover all shorts at this level. This is a critical degree and will establish our directional tendency for weekly. If this degree holds and price moves upward, look to place longs to a return to 4718. Current target is 4850.

    If price were to go down and settle below 4718 before my next update, I would look to place shorts on a push back up near this degree. Current target is sold in at 4572.

    NA UPDATE: The EURUSD attained 4850 and has been quickly rejected. You ought to be brief from the amount with a target of 4718. In order to achieve this target, we'll have to go down through 4780.

    USDJPY (Close 106.48)

    in case you're following our progress to the Yen, we're extended from last week#8217;s range bottom at 105.70. Currently up 78 ticks. If you're long, stay long and follow today#8217;s analysis.

    For Monday I expect the USDJPY to test the 106.30 degree in Asia. This is a key degree and my prejudice is for this to hold. Traders can look to place new longs at 106.30. Target 107.24, if price moves through this region then target 107.75. Exit all longs at the amount and also wait patiently.

    If 106.30 doesn't hold and price settles below this amount, I would exit current longs and place shorts around this degree at 106.30 to get a transfer down to 105.40. Cover shorts here and await value to build for the upcoming directional movement.

    NA UPDATE: Continue to hold long. Watch the 107.24 degree. This degree has the potential to reverse direction for the session. My prejudice is for this amount to give way, if it does target 107.75.

    GBPUSD(Close 1.9683)

    No previous analysis to follow along.

    For Monday I expect the GBPUSD to move down to 9624 in Asia/Europe, in case this degree holds price should undo to get a re-test of 1.9682 in London. Short term competitive traders can place longs from 9624 and target 9682. If price continues upward through the 9682 degree, then target 9735 and exit all longs at 9735. Wait for value to build. If 9735 retains, then traders must look to place shorts to get a return down.

    If price moves down through 9624 in Asia/Europe and retains below, then traders can place shorts to get a transfer down to 9509. Cover all shorts. A move below this level is quite significant.

    NA UPDATE: This worked out perfectly. The pair made a low of 9625. You ought to have put longs and held through 9682 and exited at 9735. We are currently trading at 9764. My prejudice is down from but I want to determine value build and also the pair move back below 9735 before putting up shorts. I would recommend being flat now.

    USDCHF (Close 1.0892)

    in case you're following our progress to the Franc, we're extended at 1.0825 from last week#8217;s range base. Currently up 25 ticks. If you're long stay long and follow today#8217;s analysis.

    For Monday I expect the Franc to exchange around 1.0926 in Asia/Europe. This amount has the potential to reverse price action; however my prejudice is for price to continue around 1.0964. Exit all longs at the amount and also await value to build for further directional details.

    If price moves down in Asia/Europe, Start Looking for 1.0819 to hold. Traders can place new longs from the amount to get a transfer around 1.0964. Risk on this commerce should be below the 1.0780 region.

    The secret for your Swissy is the open in Asia, I am looking for price to move up but it isn't totally clear.

    NA UPDATE We did trade up but haven't attained 1.0925 (High of 1.0919). I continue to transport into 1.0925. Watch this amount carefully, if we proceed through here target 1.0964 and exit. If we proceed down, 1.0819 is a valid target for this session. My current bias is upward.

    https://forexintuitive.com/attachments/1518235217.pdf

  2. #2
    Ah yes bro when I see it in my 1 hour chart I got that number but differ few pips my number 106.85 maybe this was caused by spread or something different.

  3. #3
    This thread gave you some new ideas or assisted with existing ones. I will not be posting updates. I am climbing back on currency places and will be devoting most of my time to positioning for the largest bull market in US equities.

    Take good care and Best of Luck.

  4. #4
    agung85

    O. K. does this seem just like your chart ???

  5. #5
    Downrivertrader thank you for the analysis. I see if I can make things come out the same and will do mine. It helps me to learn if what I'm seeing is accurate. They really are A few days. That's a fantastic feeling.
    Nikki

  6. #6
    North American Session Updates Posted in blue above.

    Good Luck.

  7. #7
    Welcome.

    Quote Originally Posted by ;
    Downrivertrader thank you for your own analysis. I will do mine and see if I can make things come out exactly the same. It will help me to learn if what I'm seeing is accurate. They are A few days. That's a great feeling.
    Nikki

  8. #8
    SOmething different. It will provide you some ideas. Here are the first trades based on the attachment of tommorrow.

    EURUSD

    Short @ 1.4829
    Target1 = 1.4780
    Risk over 1.4830

    Watch for a reversal at 4780, if price moves through 4780 stay brief. If price moves through 1.4830 ardently, reverse to long.


    GBPUSD

    Short @ 9731
    Target = 9632
    Risk over 9774

    Watch for a reversal at 9682, if price moves through 9682 stay brief. If price moves upward through 9774 ardently, reverse to long and target 2.0486.


    USDJPY

    Short @ 106.69
    Target = 106.29
    Risk over 106.73

    Watch for a reversal at 106.29, if price moves through this level, stay brief and goal 105.42.

    If prices moves upward through 106.73, then reverse to long and goal 107.24.


    Swissy - The same method using Bridge Levels
    https://forexintuitive.com/attachments/1518235219.pdf

  9. #9
    Thank you for your efforts. Is the best way? If not, would you please talk about? Thank you again.

  10. #10
    Carmel,

    I will not just offer up the way I do so, but I will be pleased to work with anybody that has a real interest in comprehension. You will never be helped by it when I just blurt it out.

    I enjoy trying to assist anybody who's willing to spend the time. Very few will.

    Quote Originally Posted by ;
    Thanks for your efforts. Is the best way? If not, would you please talk about? Thanks again.

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