Forex Trading Signals for 16th July 2012

Today we have signal on GBP/USD,,,


we will first of all Sell on the market: 



signal: Sell
Entry Point:  1.55741
Take Profit:  1.55500
Stop Loss:   1.56041


And thereafter Buy on the market



Buy Signal for GBP/USD,
Entry Point:  1.55263
Take Profit:  1.55500
Stop Loss:   1.54900

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,


we will first of all Sell on the market: Eur/USD



Entry Point:  1.22600
Take Profit:  1.22400
Stop Loss:   1.22900


And thereafter Buy on the market


Buy signal for Eur/USD
Entry Point: 1.22260
Take Profit: 1.22500
stop Loss:   1.21900.... 




Always remember to set your stop loss to avoid loss,,,,,

Wish you the best of luck,,,
One Love brothers

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EUR/USD Forecast 16 July 12

Good day forex traders.

In the previous EURUSD forecast we noted that the SMA 20 was turning bearish due to the sharp dip. This might suggest an extended target of 1.2. The ECB’s move to cut interest rate further affected the currency pair and sentiments towards the Euro Zone. US’s worst than expected NFP also caused a dent in sentiments.

Technical Analysis

Looking at the EUR/USD chart above, as expected due to the sentiments at the start of the week, the currency pair did drift lower and tested 1.22. I LOVE IT WHEN MY ANALYSIS WORKS ! ha 

SMA 20 = Bearish

SMA 50 = Bearish

The EUR/USD is now at the 1.22 region. If this support fails, we can be on a lookout for 1.2. Both SMAs are bearish now and hence we can have a bearish possibility if nothing major changes the sentiments. We last visited this region 2010 June.

Don’t miss the fundamental analysis,

continue on to TheGeekKnows.com for the fundamental analysis of the EUR/USD Forecast Weekly Review to understand more about the underlying market sentiments.

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Forex Flash: EUR/USD likely to remain sideways - Commerzbank

FXstreet.com (San Francisco) - The EUR/USD managed to touch a fresh 2-year low of 1.2162 Friday, but bounced back above the 1.22 mark on weaker than forecast Consumer Sentiment data out of the US, last at 1.2236 ahead of the weekly close. 

In the long run though, “euro will continue to suffer due to the disagreements in the euro zone but concerns about QE3 will limit the upward potential of the US dollar despite its role as a safe haven in times of uncertainty,” explains Ulrich Leuchtmann, economist at Commerzbank. “As a consequence the sideways trade in EUR-USD is likely to continue, with the downward trend dominating as the market is waiting for (what is likely to be negative) news from the euro zone. The euro is also likely to remain weak against the other currencies.”

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HOW TO GET OHLC DATA

1. ON YOUR MT4 TRADE, GO TO FILE > NEW CHART > OPEN EUR/USD CHART OR ANY OTHER CHART

2. CHANGE THE TIME FRAME TO D1 ON ANY CHART CHART

3. GO TO FILE > SAVE AS > SAVE FILE AS HTML

4. OPEN FILE, NOW YOU HAVE ALL TIME FOREX HLC DATA, USE YESTERDAY HIGH LOW CLOSE FOR CALCULATING YOUR PIVOT POINT.

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