Global Forex Signals Team

2007-01-08T04:07:00.000Z

Hello Traders,

Want to know more ?

www.gfsignals.com Trader: wilpi

Good Luck
Piotr

2007-01-04T15:42:00.000Z

Aktuall info, analysis, coments and signals:

www.gfsignals.com Trader: wilpi

Watch sample charts below:

2007-01-02T12:00:00.000Z

Hello Traders in 2007.
USD loosing ground vs EUR and GBP.

EUR-USD - Resistance at 1,3245 was taken out, now pair testing nxt near 1,3290, above this level bulss will have a chance for 1,3325-64. Support at 1,3210-40. I will use this level for build new longs with sl below 1,3180.

GBP-USD - holding long opened 29.12 at 1,9570.
Resistance at 1,9670 was taken out and bulls testing next resistance at 1,9730. Todays strong rise suggest that bulls still have chances for 2,00-01 level. Clear break 1,9730-9750 will open way twds 1,9845. Support: 1,9650-70 and 1,9580-9610. New longs should be open above resistance ( 1,9750 ) or on a sharp fall ( 1,9625-50 ). Fall below 1,9560-80 will cancel this bullish scenario.

Today: ISM index, tommorow: ADP and FOMC minutes and Friday: NFP,

more www.gfsignals.com trader: wilpi

Good Luck

2006-12-20T03:51:00.000Z

Hello Traders

EUR-USD - backed above 1,32, noe testing another minor resistance near 1,3240, roumors about stop-buy orders above this level, which quickly can push pair twds 1,3280-3300, also indicators are positive, no consolidation-correction during asia session suggest another round selling usd possible during european or us session, propably bulls want to take their christmas gift and we could see 1,3460 and 1,3660 very quickly.
Strategy buing some...more on www.gfsignals.com Trader:wilpi

GBP-USD - bulls fighting with 1,9730 resistance. Clear break will open the way twds 1,9845. On this pair also some traders want to take great bonus ahead of the end of the year. Support at 1,9650-75 should holds...
NOTE: If You want to predict some target on this pair please add 2% even 2,5% to november close and what You recive ? Yes this is possible target - above 2,00-01 ( why 2%-2,5% ? - average gain GBP vs USD on December ).
Strategy: www.gfsignals.com Trader: wilpi

USD-JPY - supported from EUR-JPY but some negative signs You can see below on 4h chart.
Strong resistance at 118,35, only clear break this level could hold bulls hope for move twds 118,75-119,00. Rumors - some stop buy orders above 118,40. Support 117,65-80 then 117,20.

Strategy www.gfsignals.com Trader: wilpi

Good Luck
piotr

2006-12-19T12:40:00.000Z

Hello traders,

GBP-USD

As I expected yesterday, bulls found support near 1,9460 ( basis on daily close ). We saw strong rally during early european session - high 1,9653... but we have two strong resistaces 1,9660-70 and 1,9730. Need to close above this level ( basis on a daily close ) for move twds 1,9850 and possible 2,00-01. Indicators on the 4h chart also suggest that move above 1,9730 is possible.

Two Strategy:
1. Close long position here 1,9635, re-buy only if daily close will be above 1,9730.
2. Close half position, sl for rest move to 1,9550 and hold.

Want to know more?

www.gftraders.com Trader: wilpi

Good Luck

2006-12-18T11:22:00.000Z

Hello Traders,

USD-JPY
One hour chart - small trinagle, technically we should break upside soon, but...
... better wait for todays US data amybe we will see some direction and remember BOJ rate decision tommorow, this two things tell me that better is to wait,
important support level 117,20-117,50.

GBP-USD
Very interesting situation on this pair.
Bulls need to hold 1,9460-9500 level for another move higher.
Today important US c/a, could give some direction.
Very attractive for going long looks 4h chart, so in my opinion
Buy on dip strategy should work…
but be carefull if will close below 1,9460 on daily basis...

Want to know more?

www.gftraders.com Trader: wilpi

Good Luck

2006-12-14T11:11:00.000Z

Hello Traders,

Very busy week,
Us data beat forecast but dovish FED,
EUR-USD could not find direction at this moment, bulls need to take out 1,3360 for move higher, on the downside, first support 1,3170, below 1,3130.
If 1,3130 willbe broken move towards 1,2980-1,3015 possible.
Important for next direction could be tommorows US data.

Surprise this week:
Another better than expected UK data ( inflation and todays Retail Sales ), support GBP,
EUR-GBP fall sharply, GBP-CHF rise strong….also GBP-USD looks positive, with chances for break 1,9730 resistance today

JPY:
Only some belive that BOJ could rise rate next week,
But important could be Friday Tankan index, if the number will be strong, we could see surprise next week :),
Be carfeull today with short jpy, profit taking possible ahead of data ( we are short usd-jpy ),

Want to know more?

www.gftraders.com Trader: wilpi

Good Luck

2006-12-12T15:20:00.000Z

Hello Traders,

Very good trade yesterday with nice profit on long GBP-USD and short USD-JPY...

Yesterday - Greenspan pushed usd lower, but main supports still holds

Today: better than expected UK data pushed GBP higher twds important resist.1,9630-50, but still holds,
Also ZEW beat espectations, but EUR cannot to take 1,3250-60

Important for next direction could be todays us data and Fomc commentary

And weaker JPY is not a surprise, but important could be Tankan number later this week,

Strategy:
GBP-USD - maybe better today use option than spot market ? I took call GBP-USD strike 2,01 expiry 3.01.2007, cost only 23 pips

Also attractive looks strategy for JPY after Tankan ( if You are interested please write to me personally )

Want to know more?

www.gftraders.com Trader: wilpi

Good Luck

2006-12-11T15:53:00.000Z

EUR-JPY

Watch daily chart, bear divergence possible, high 154,36, first support 153,90, below 153,10, resist. 154,45-50

USD-JPY

Also bear divergence possible on 1h chart, 100 DMA at 117,05, possible 116,50, more important support 115,70-75

UPDATE:
Holding small short position... watch todays close

USD-CAD

Support 1,1455, resistance 1,1515-25

USD-CHF

Still resistance 1,2100-15, on the downside 1,1990 first support, possible 1,1880-1,1900 target

GBP-USD

1,9460 is important support, if hold another GBP rally possible, break below will open the way towards 1,9330-50, resistance 1,9565

Strategy: watch another test 1,9460, if holds try small longs with stop just below, first tp 1,9560, second open

UPDATE:
Holding long position, i took partial profit earlier, now for rest sl at 1,9485 and tp 1,9555

EUR-USD

Need to hold above 1,3125 for another test 1,3365, break above will open the way towards 1,35 and higher

Want to know more?

www.gftraders.com Trader: wilpi

Good Luck

2006-11-29T12:32:00.000Z

Hello Traders,
during asia session, after better than expected jpy data, we had very good long jpy positions, which together earned 133 fast pips.

Today:
First important us data ( GDP ), later today also Beige Book from us,
Some consolidation-correction possible on majors,

EUR-USD

Support: 1,3120 then 1,3080 and key 1,2980-3015
Resistance: 1,3220-40

Want to know more?

www.gftraders.com Trader: wilpi

Good Luck

2006-11-27T14:29:00.000Z

Hello Traders,

Strong USD sell-off last week, it looks like liquidation Long USD positions, this week we opened higher ( EUR-USD ) Touched 20 month high, but we have correction at this moment, propably USD will be weaker this week, watch market....

EUR-USD

Correction start from near 1,3180 (1.3185 -- the 76.4% of 1.1640 to 1.3670 ), could suggest some consolidation, at this moment support 1,3085, but if will break we could see 1,3015-25, key is 1,2980. While above 1,2980 bulls have a chance for move twds 1,3480 and 1,3666.

Strategy:
Buy at 1,3015-25 with sl below 1,2980 Tp open ( try to close first half near 1,3185, after this put sl on entry level )

Our Long saw profitlast week ( 100 pips ) :)

GBP-USD

1.9460 - a resistance line from Sept 1992, above - Dec 2004 high at 1.9550. Good support , todays low near 1,9300 level, then 1,9250 with potential 1,9220.

Strategy:
Buy at 1,9280-9305 sl below 1,9250 Tp 1,9460

Our long from friday saw profit above 100 pips during Asia :)

USD-JPY

Fukui said that the BOJ will cautiously adjust interest rates while maintaining accommodative monetary conditions.

"We will carefully analyze future economic data in order to seek a good chance for rate hikes," Fukui said.

The economy and prices continue to move as the central bank expected, Fukui said, adding that the BOJ doesn't need to change its economic outlook despite recent weak economic data.

He also said that it is too early to worry about capital spending overheating now.

But Fukui emphasized the need to closely watch for potential risks in the economy and corporate activity on the back of a continued accommodative monetary environment.

Regarding recent movements in foreign exchange markets, Fukui said, "The forex markets have recently moved slightly. We are always closely watching FX moves, including other financial markets, in managing monetary policy."

He added that foreign exchange rates are being influenced by an interest rate gap.

116,60-117,00 – strong resistance, wait for JPY data later this week

Idea: Watch resistance level, small short there with sl above 117,05-15 for 114,45 target.

USD-CHF

Strategy: Sell at 1,2160 sl 1,2195 tp 1,2060

Good Luck Good Trade
Piotr

more. www.gftraders.com Trader:wilpi

2006-11-21T19:00:00.000Z

Hello Traders,

Short week, tight range and light volume...
Range-trading or stand aside is the best strategy for this week...

EUR-USD - need to break 1,2750-75 or 1,2850-80

USD-CHF looks good near 1,2400 level

GBP-USD - stronger after better UK numbers , but still below 1,9020-40, suggest that 1,8850 could be tested, tommorow BOE minutes

CAD - weaker number, after this we saw 1,1495 level, end of the CAD road ?

JPY - hawkish BOJ minutes, still is a chance for december rate hike

Good Luck Good Trade
Piotr

www.gftraders.com trader: wilpi

2006-11-16T20:20:00.000Z

Hello Traders,

Very busy day today:

first better than expected UK retail sales, after this gbp-usd holds support near 1,8850 and we saw strong bounce twds 1,8910, failure break 1,8900 pushed pair back to 1,8870...

then us core inflation worst than expected,
eur-usd tested 1,2835-40 and gbp-usd tested strong 1,8930 region... still no clear direction while below this levels...

rest us data was in line with expectation and failure break resistance pushed eur and gbp vs usd on lower levels...

eur-usd quick back below 1,2800 suggest that tommorow we should see test 1,2770 again and even 1,2750

gbp-usd - quick back below 1,89000 suggest that we should see another test 1,8840-50 level and if will be break next 1,8780-8800

Trading idea:
Try to buy usd on dips during asia or early european session

Good Luck Good Trade
Piotr

2006-11-15T15:33:00.000Z

Hello Traders,

EUR-USD - 1,2770 was tested after better than expected us data, eur is below 1,2800, for today wait for FED minutes, and if stay below 1,2800 could test 1,2770 and 1,2750 ahead tommorows us data, if will close above 1,2815 maybe near 1,2830 its could be good sign for eur bulls....

I had short earlier today from 1,2825, took profit at 1,2795

GBP-USD - strong sell-off after 1,8950 was taken out, 1,8845-55 support holds for now, expecting some bounce from this level, maybe another good chance for going short ( dovish comments from BOE ) gbp...?

Good Luck Good Trade
Piotr

2006-11-10T09:32:00.000Z

Hello Traders,

Yesterday info from China oficials hurt long usd positions, my also…

It was not good week, but propably range will be break sooner than later…

Eur-Usd - looks strong, but first resistance near current level, buy on dips for 1,2940 - generally watch todays close , my longer term view for this pair could change if we close near 1,2940

Gbp-Usd - above 1,9140-45, look for 1,9225 soon, try long near 1,9100 level...
Change view while above 1,9140...

With rest stand aside , wait for next week

Good Luck
www.gftraders.com Trader: wilpi

2006-11-06T07:56:00.000Z

Hello Traders...

USD LOOKS STRONG AGAIN…

NFP data : The October unemployment rate dipped to its lowest level in over 5-years at 4.4%, with another bout of strong upward revisions to previous months' non-farm payrolls.

EUR-USD

50 dma – 1,2692
100 dma – 1,2706

Strong support – 1,2677

Resistance – 1,2730 then 1,2775-80

Range trading possible, watch daily close…., needs below 1,2675 for strong move down or above 1,2780-1,2800 for strong move up…

GBP-USD

20 dma – 1,8795
50 dma – 1,8838
100 dma – 1,8719

1,9100-45 was tested few times last week, but strong NFP number pushed pair lower below 1,9030 support ( now resistance ), structure is bearish at this moment, 1,8930-35 target possible…

Holding short position…

USD-JPY

20 dma – 118,55
50 dma – 117,77

Strong recovery during Friday’s us session, found resistance 118,15-40, needs to close above this level for move towards 118.80-119,00,

support 117,70-80…

Look to buy on dips if seen…

USD-CHF

Strong move above 1,2500 level suggest that 1,2580-1,2620 could be test soon, watch support at 1,2470-80…

Holding long position…

More details ? More: www.gftraders.com Trader: Wilpi

Good Luck Good Trade
Piotr

2006-10-30T12:29:00.000Z

Hello Traders,

EUR – USD – strong rally above 1,27 on Friday, should see resistance near 1,2770, support 1,2660, if we see 1,2765-70 first, try small short for pullback twds 1,2710 and then for 1,2660, on the other hand first move below 1,27 can be use for long….

Wait and watch…

GBP – USD – fighting with 1,9000-15 resistance now…

NOTE: if EUR-GBP support at 0,6685 holds we could see some profit taking from long GBP-USD

Wait and watch…

More details ? More: www.gftraders.com Trader: Wilpi

Good Luck Good Trade
Piotr

2006-10-25T14:47:00.000Z

Hello Traders,

Important today - FED rate decision....

Propably no change...

Clear direction after decision ?

Hawkish or not ?

More details ? More: www.gftraders.com Trader: Wilpi

Good Luck Good Trade
Piotr

2006-10-24T14:34:00.000Z

GBP-USD

100 DMA - 1,8674

21 DMA - 1,8731

USD bulls have a big chances for SHS formation on a 4h and 1h chart, need to break and close below 100 DMA, which was tested today, after this test we saw strong bounce back above 1,8715,

but while prices are below 21 DMA, favor sell on a break todays low ( 1,8674 ) for minimum move 150 pips, sl above 1,8735...

More details ? More: www.gftraders.com Trader: Wilpi

Good Luck Good Trade
Piotr

2006-10-23T10:10:00.000Z

Hello Traders,

GBP-USD

Rsistance from 1,8835 to 70, first support near 1,88 was taken out, next near 1,8760 (bull - trendline ), below this level next support 1,8690-8700, look to sell on rally,

on Friday: first took smal long with +15 pips, ahead of end Fridays session also took short from 1,8830 took profit today early morning at 1,8776-80…

EUR-CHF

23.10.06
Took profit from short on Friday + 60 pips, look to re-open near 1,59 with tight sl tp 1,5850-65…

EUR-PLN

Holding short position…, No change in view at this moment

20.10.06

Tokk some profits here ( 300 pips  ), sl for rest on entry point, target 3,75-76, look to sell on rally also

23.10.06

Holding rest short position….

More details ? More: www.gftraders.com Trader: Wilpi

Good Luck and Good Trade
Piotr

2006-10-19T11:59:00.000Z

Hello Traders

EUR-CHF

1,5966 and 1,5964, double top possible on a daily, waiting for confirmation, first good support 1,5850,
maybe small short near 1,5915-30 for 1,5850-60 with tight sl above 1,5965

19.10.06
You can to take part profit here at 1,5895, put sl for rest on entry point

GBP-CHF

Up-trend still intact, need close above 2,3773 for move above 2,4000, support 2,3550 then near 2,3350-3400, strategy buy on dip for 2,4000 minimum target,
only move down from current level and daily close below 2,3400 could confirm double top on daily…

19.10.06
Worst than expected uk data, better than expected chf data… stand aside at this moment , no trade , wait for clearer direction, maybe sell on rally for target 2,34 ? watching at this moment….

Good Luck and Good Trade
More: www.gftraders.com Trader: Wilpi

2006-10-18T11:27:00.000Z

EUR-USD

No change in view… waiting for US data…

USD-JPY

118,00-35 looks like good support, but we need rise past 119,15-20 for possible move towds 120 and higher...

Closed yesterdays long with 11 pips profit…

NOTE. longer-term players using Tuesday's dip in New
York to add to dollar longs, Japanese names also noted buyers on this
morning's dip ahead of what is described as key support at Y118.30. This
was the breakout point post US payrolls two weeks ago. Stops are placed
under there ahead of tech support at Y118.00. Japanese stops underneath
ahead of tech support at Y117.45. Good offers are seen at Y118.70/80.

GBP-USD

is on course to completing double-bottom at $1.8520/25
target $1.8755 at $1.8520. However, risks seen skewed on further squeeze
higher to $1.8795/1.8800 -- the 50.0% of $1.8520 to $1.9070 & spike high
US payroll data. The fast 10-day momentum study is showing
bull-divergence signal and daily slow-stochastic recovering from o/sold.

Small long from 1,8710 with tight sl near 1,8680 first target 1,8760…

NOTE: Todays UK data was not good but gbp did not want to fall thats why im long...

EUR-JPY

Low 148,48, possible fall towds 148,30 then 147,80 and 146, resistance start 148,90-149,10 next 149,35-50…

Took profits yesterdy at 148,75, re-entered short at 149,10 for first 148,30, You can try to take short near 148,90-149,10 for 148,30 first target…

USD-CHF

As i wrote yesterday i prefer long positions, but now better to wait for us data and for reaction after…

If You are long exit here at 1,2680 and waiting…

USD-CAD

No change in view…buy on dips…

AUD-CAD

You can take some profits here at 0,8580-85, re-enter new on dips below 0,8500

CAD-JPY

Took part profit from short ( fx news -16.10 ) at 104 for rest sl on entry level…

USD-PLN

IF You are long take some profits here at 3,1100-20, put sl for rest on entry, look to re-buy on dips…

EUR-PLN

Holding short position…

EUR-HUF

No change in view…

USD-HUF

Long with tight sl was stopped out, short was opened after 212 was broken and was closed at 211,80 ( with small profit )… stand aside at this moment , watch todays close, pair back above 212 and rise higher possible… ( 16.10 )

EUR-CAD

No change in view…

GBP-CAD

If You are long from yesterday can take some profits here at 2,1320-30… ( near 100 pips profit  )

USD-THB

No change in view…

USD-CZK

22,200-400 – try to buy on dips…..with tight sl, first target 22,700-800

USD-HKD

Stand aside…

EUR-CHF

1,5966 and 1,5964, double top possible on a daily, waiting for confirmation, first good support 1,5850,
maybe smal short near 1,5915-30 for 1,5850-60 with tight sl above 1,5965

GBP-CHF

Up-trend still intact, need close above 2,3773 for move above 2,4000, support 2,3550 then near 2,3350-3400, strategy buy on dip for 2,4000 minimum target,
only move down from current level and daily close below 2,3400 could confirm double top on daily…

USD-MXN

No change in view…

USD-HRK

Missing trade opportunity…stand aside at this moment or try to catch small long on dips…

USD-DKK

Break to the upside still possible…watch daily close…

GOOD LUCK AND GOOD TRADE

More: www.gftraders.com Trader: Wilpi

2006-10-17T12:13:00.000Z

EUR-USD –

Still above 200 DMA, but below 1,2580-2620, important could be ZEW and more important US data…, at this moment till us data propably 1,2485-1,2560-80 range, clear direction we should see after US data, prefer sell on rally…

NOTE :

EUR is also on strong underpressure from GBP and JPY, it also could help usd bulls

GBP-USD –

Potential double-bottom at $1.8520 triggered on a break
above $1.8637 -- targets measured move to $1.8755. However, there are
some key interim resistance levels at $1.8650 Fibonacci levels, the
100-day moving average at $1.8675 & $1.8700 -- 50.0% of US payroll
high to $1.8520 low. The daily slow-stochastics are crossing bullishly.

NOTE: GBP supported from UK DATA

USD-JPY –

Below 119,00, support 118,65, while holds still possible rise twds 120 and higher, below this support next target 118,00…

Try Very small long at 118,65 with sl at 52…

NOTE: Remember Bank Of Russia said yesterday that will start to buy jpy…

EUR-JPY –

Slips through strong tech support at Y149.00 as dollar-yen
stops are triggered. More stops noted down to Y148.80 ; below target 148,30-35

Still holding short positions…

USD-CHF –

While above 1,2660 prefer long positions with sl below 1,2620…

USD-CAD

Important BOC rate decision and commentary after this,
no rate hike and oil prices below 60usd could hurt cad in mid and longer term,

try to very small long on dips at 1,1320 if seen for 1,17 with tight sl ahead rate decision….

AUD-CAD

If You’re long sl move on entry point ahead of BOC rate decision, if position will close re-enter again on dip…

USD-PLN

At this moment still prefer buing on dip ( 3,08 ), important could be us data later today, below 3,08 watch for 3,05, first resistance near 3,14 above target 3,20 and higher, political problems in Poland could help usd bulls…

EUR-PLN

SHS formation on daily, trading below 200 dma, prefer sell on any rally first target 3,75, selling area 3,8870-3,8900 ( back to the line )…

EUR-HUF

Strong support near 270 was taken out, now bears have situation under control while pair is below 200 DMA…( 265,93 ), if we will see daily close below 200 DMA today next possible target even 260…, close above could push pair higher twds 270 but propably it will be only correction ahead of next move down…watching

EUR-CAD

Trdaing above 200 DMA at 1,4104, resistance first at 1,4350 next 1,45, important today BOC rate decision , also watching oil prices, stand aside at this moment….

NOTE: propably bettr to going long GBP-CAD with first target 2,15 and next 2,20 further out.

USD-THB

Usd bulls fighting with 37,400-500 resistance, support start near 37,120, long shoul be open only when we will see daily close above resistance…

USD-CZK

Looking to buy, watch weekly close… buying area 21,900-22,200 or above resistance 22,760

USD-HKD

Support near 7,7850 was taken out, next 7,7778 ( 38,2% Fibo ) and 7,7725 ( 50 % Fibo ) from 7,7510 – 7,7946 up-trend, stand aside, watch all asian currency…

NOTE: maybe better to buy asia vs european , waiting for clear signals…

GOOD LUCK and GOOD TRADE
More: www.gftraders.com Trader: wilpi

2006-10-16T10:07:00.000Z

EUR-USD

EUR - while above 1,2475-80 ( 200 dma ) possible rise twds 1,2580-1,2620, below 1,2475 possible 1,2350 target, stand aside at this moment…

No positions

GBP-USD

Resistance near 1,8620-40, support 1,8510-30, try to sell on rally twds 1,8640-60 for 1,8510-30 for half position and 1,8250 further out.

No positions

USD-JPY

Technically still prefer long while 118,60 and 119,20 holds, but after today’s commentary from Russia Central bank, we could see stronger correction, wait and watch…

No positions…

EUR-JPY

Bearish bias while below 150,25-75 level ( basis on a daily close ), strong support near 149, but in my opinion after Russia Central Bank commentary, could be broken very easy, targets 148,35-50 then 146…

Holding short positions avg. 149,28 for 148,50 first and 146 second target…

CAD-JPY

Consolidation 104,00-106,00, daily close below 104 is needed to move down twds 200 dma at 102,50, while oil prices below 60 usd bigger chances for bears, sell rally for move down first target 104,00 second 102,50,

no positions

In my opinion today better to wait for Bernanke for Yellen and for Poole , watch daily close, eventually small jpy long positions vs. Eur,cad,chf….

GOOD LUCK and GOOD TRADE
More: www.gftraders.com Trader: wilpi

2006-10-12T09:27:00.000Z

EUR-USD –

New low yesterday at 1,2501 after FOMC , strong bounce back today but at this moment still favor short positions…
Selling area 1,2575-90 and above 1,2610, sl above 1,2640-50 for 1,2460-80,
Important US Trade Balance today….

Currently short from 1,2545…

GBP-USD –

Pair now trying to back above 1,8600-15, next resistance near 1,8635-60 also looks good for short…
Short from 1,8524 was stopped out…

Holding short from 1,8565, will add near 1,8645 sl above 1,8685

USD-JPY-

As I wrote yestrday, correction possible…but still favor long positions… level to buy 119,25-30 or 118,60-85…

USD-CAD-

As I wrote yesterday, bullish for 1,14 while above 1,1320, max today 1,1384, if You’re long try to take profit here at 1,1360 or put sl on entry level…

Fundamental:
The Canadian dollar was down
versus the greenback on Wednesday as another slide in commodity
prices weighed on the currency, which could drift further given
the lack of any key domestic data.

With no key Canadian data due out during the session to
impact the currency, traders seemed content to focus on weaker
commodities, particularly oil and gold, which often move in
line with the Canadian dollar.

The commodity story has been hurting the Canadian dollar
for a while now. What's kept it as high before that is the huge
amount of M&A activity," said Bart Melek, senior economist, at
BMO Capital Markets.
"But I think that's kind of getting washed out of the
market and a lot of the strong commodity-based fundamentals are
weakening."

USD-CHF – look to buy on dips 1,2630-50 for 1,2780-2800

AUD-USD –

Good demand noted this morning for topside Aussie calls after
strong employment data overnight. Traders note stops at $0.7485 and
$0.7495.

200 DMA at 0,7478, now we are above this level…

Bearish below 0,7440-50, bullish above 0,7500, still watching

NZD-CHF-

Current 0,8362 … testing 50% fall from 0,9448 to 0,7375…
200 DMA below 0,81, also good support at 0,8100 ( trendline ), watching…

USD-CZK-

Very interesting situation, long term downtrend-line on daily chart is underpressure, daily close above could be very bullish, on the other hand consolidation 21,7000-22,6000 also possible…

USD-DKK-

Consolidation 5,7500-5,9500, supoort 5,85 then 5,80, also range –break to the upside possible…

USD-HRK –

Look to buy again on dip 5,85-5,86 for minimum 5,94-95…and for 6 and above later..

USD-HUF-

HUF is a stronger than we expected at this moment range-break to the downside possible, watch support near 212,00, speculative traders can to take long here ( 212,50 ) with tight sl below 212 for move minimum 216, daily close below 212, we will have bigger chances for back to 208…

USD-MXN –

Watch support 10,9200-9500, resistance 11,1000, bigger chances at this moment for bears

USD-PLN -

If You are still long, You can take some profits here 3,1215-25 for rest put sl on entry level tp 3,14, look to buy on dips again…or on break to the upside

More details about other currency than majors after weekend

GOOD LUCK and GOOD TRADE
More: www.gftraders.com Trader: wilpi

2006-10-11T08:36:00.000Z

EUR-USD – possible 1,2460-80 target , trade from short side, selling area: 1,2575 and 1,2610-15 sl above 1,2640, important for next direction could be FOMC meeting later today….

Currently short from 1,2545…

GBP-USD – range 1,86-1,91 was broken yesterday, trade from short side, even 1,8250 or 1,81 target possible, i took small short when i saw new low today with tight sl, if not hold will try to sell againnear 1,86….

Short 1,8524 ….

USD-JPY – bulls have situation under control , correction possible, prefer strategy buy on dips near 119,25 or 118,85….

No positions…

USD-CAD – bullish above 1,1300-20 for move minimum 1,1400, weaker oil prices should hurt CAD… trade from long side…

No positions…

AUD-USD – aud is relatively strong ahead Stevens speech at 10.05 gmt today, propably clear direction we will see after this… range 0,7410-0,7465…, below 0,7410 possible 0,7350-70 and lower.. waiting for Stevens, watching gold prices…

No positions….

USD-CHF – look to buy on dips 1,2630-50 for 1,2780-2800

No positions…

good luck
Piotr

2006-10-06T07:04:00.000Z

Hello Traders,

Most important today:
US NFP data

What we could see after?

In my opinion every number above 120.000-150.000 should push usd on higher levels and 1,2450-1,2500 will be on the cards,

but what could happen if number will be below 100.000?

we could see usd sell-off, ok, but how long? to 1,2740 or 1,2800 and after this another round of buing usd?

Propably number below 50.000 will see strong sell-off usd on the boards...

At this moment dont want to trade against usd, propably better to put sell order eur-usd ahead NFP, maybe will see surprise number?

Good Luck

More: www.gftraders.com Trader: wilpi

2006-10-04T06:56:00.000Z

Hello Traders,

Today:
EUR - PMI and Retail Sales
GBP - PMI
USD - ISM - Non Manufacturing an Bernanke speech !!!

EUR-USD - 200 day ma - 1,2449, 100 dma - 1,2735 and 50 dma - 1,2768, need to close above 50&100 dma to keep bulls alive :)

GBP-USD - GBP-USD - 200 dma - 1,8183, 100 dma - 1,8684 and 50 dma - 1,8870 ( note: 200 ma on 4hour chart is near 1,8880 ) - is possible that BOE will rise rate tommorow by another 25 bps, try to trade from long side till rate decision with tight sl...

USD-CAD - 200 dma - 1,1328, 100 dma - 1,1185 and 50 dma - 1,1189, while above 50 & 100 dma positive outlook, also oil could hurt CAD...

More: www.gftraders.com Trader: wilpi

Good Luck

2006-10-03T10:27:00.000Z

Hello Traders:

Today's:

US - Challenger Report
AUD - Rate Decision and Trade Balance

USD-JPY - strong resistance at 118,40-50 was tested yesterday ( downtrend line from high at 1998 ) and after this we saw profit-taking from jpy shorts positions.
Very good support for today 116,90-117,30, below this - 116,00 level possible ( 200 ma ). Daily chart - yesterday's candle suggest that correction is possible...

Note:
Jpy + - Tankan index, suggest that economy is ok, also its mean that another rate hike this year possible,

Jpy - - North Korea, carry trade

2006-09-12T14:08:00.000Z

1st Week of September +498 pips

Total trades: 12 (11 winners, 1 breakeven)

GBP/USD Sell Exit 1.8975 +60
GBP/USD Sell Exit 1.8939 +6
GBP/CHF Sell Exit 2.3338 +20
GBP/USD Sell Exit 1.8835 +51
USD/JPY Buy Exit 116.64 0
USD/JPY Buy Exit 116.25 +30
USD/CAD Buy Exit 1.1100 +20
USD/CAD Buy Exit 1.1099 +30
GBP/USD Sell Exit 1.8760 +15
USD/CHF Buy Exit 1.2431 +16
EUR/USD Sell Exit 1.2670 +100
EUR/USD Sell Exit 1.2670 +150

Full information about trades: My Forex Signals Performance

2006-09-12T12:40:00.000Z

Canada's merchandise trade surplus narrowed more than expected in July to C$3.86 billion ($3.45 billion) from a downwardly revised C$4.14 billion in June as imports soared to a record high, outpacing export growth, Statistics Canada said on Tuesday.

2006-09-12T12:36:00.000Z

Watch cad currency today after cad data.... Oil is well below 70$.... CAD propably could be weaker sooner than later...