Free Forex And Gold Signals

EURUSD: Remains On The Offensive, Continues To Set Higher Prices

Upside:

Break and hold above the 1.4955/67 zone.
Holding at the present levels will put the next upside objective for the pair at 1.5700 and then the 1.5800 level, its psycho resistance zones.

Downside:

The 1.5600 level, its psycho support comes in as the initial support followed by the 1.5495 level, break of there accelerating losses towards its psycho level at 1.5400.

Directional Bias:
Nearer Term –Bullish
Short Term –Bullish
Medium Term –Bullish

**put your trade on upside!! (but watch the news first ok!)

USDJPY: Clears Its Nov’1999 and Jan’2005 Lows. Looks To Weaken Further

Downside:

Close the week at 99.05
Sustaining the current weakness will see the pair targeting its 1.272 Fib Ext at 95.34 and then its 1.618 Fib Ext. at 87.51.

Upside:

its psycho support at 100.00 just eroded should serve as resistance on any pullback from the present levels but if a push through there occurs, stronger support turned resistance standing at the 101.22 and 101.68 levels should contain further recovery and turn the pair lower again….ehe
Other upside barriers rest at its Mar’05 low at 103.66 and its May’05 low at 104.20.

Directional Bias:
Nearer Term -Bearish
Short Term -Bearish
Medium Term -Bearish

Key strategies:
1. read news, both from FF and PFX.
2. watch the stochastic and MACD, at any time frame.
3. trade at what u see, not what u want to see.