Forex Trading Signals for 18th July 2012

Today we have signal on GBP/USD,,,


Please trade very carefully,,,,,,,scrutinize the market before placing any trade,,,,,


we will first of all Sell on the market: 

signal: Sell
Entry Point:  1.56509
Take Profit:  1.56309
Stop Loss:   1.56809


And thereafter Buy on the market

Buy Signal for GBP/USD,
Entry Point:  1.56330
Take Profit:  1.56600
Stop Loss:   1.56000

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


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

Entry Point:  1.22846
Take Profit:  1.22646
Stop Loss:   1.23250


And thereafter Buy on the market

Buy signal for Eur/USD
Entry Point: 1.22699
Take Profit: 1.23100
stop Loss:   1.22399




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

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

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Tuesday Charts 7/17/12

EURUSD

Market sentiment: intraday – bullish, short-term – bearish

Potential trade strategy: to sell into rallies towards 1.2350-1.2400, targeting 1.2200 and below. Another plan, but riskier, would be to look for a buying opportunity around 1.2250, with an initial stop below 1.2200 and a target at 1.2400

GBPUSD

Cable reached resistance formed by the trendline which is connecting recent tops, hence providing a potential sell opportunity

Market sentiment: intraday – bullish, short-term – neutral

Potential trade strategy: to sell around resistance at 1.5650/60, with an initial target at 1.55 and a stop/reverse above resistance zone

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Forex - EUR/USD inches higher ahead of Bernanke

Forexpros - The euro inched higher against the U.S. dollar on Tuesday, ahead of testimony by Federal Reserve Chairman Ben Bernanke, amid speculation over the possibility of more easing from the U.S. central bank.

EUR/USD hit 1.2313 during late Asian trade, the pair’s highest since July 10; the pair subsequently consolidated at 1.2280, easing up 0.07%.

The pair was likely to find support at 1.2174, Monday’s low and near-term resistance at 1.2332, the high of July 10.

The greenback remained under pressure after official data on Tuesday showed that U.S. retail sales fell 0.5% in June, confounding expectations for a 0.2% increase.

It was the first time retail sales had dropped in three consecutive months since late 2008.

The data fuelled speculation over the possibility of another round of easing from the U.S. central bank, ahead of Fed Chairman Ben Bernanke's testimony on the economic outlook to the U.S. Senate later Tuesday and Wednesday.

In June, Bernanke said the Fed remained prepared to take additional steps to support economic growth if necessary, including additional asset purchases.

The euro was little changed close to a three-and-a-half-year low against the pound, with EUR/GBP dipping 0.01% to 0.7848 and edged higher against the yen, with EUR/JPY up 0.21% to 96.97.

Later in the day, the ZEW Institute was to release reports on economic sentiment in Germany and the wider euro area. Meanwhile, the U.S. was to publish official data on consumer price inflation, as well as reports on the capacity utilization rate and industrial production. 

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