Happy New Year !!!

Dear Investors,
i hope that 2006 was a good year for You and I wish You even better results in 2007

HAPPY NEW YEAR

Piotr

Forex view...

Hello,

Weaker USD during european session... Greenback loosing ground vs. Eur and Gbp
Strong sell-off ahead? Propably, if Us data at 15.00 will be weaker we could see strong sell-off...

GBP-USD - on 1h chart downtrendline was broken, bullish flag confirmation above 1,9600 also inverted shs formation... All this suggest that bulls will try push pair higher today twds 1,9730-50, above this level 1,9850. Bullish scenario will be cancel, if we fall below 1,9580. Watch Us number at 15.00 gmt.

Strategy: small long at 1,9615-30 sl below 1,9580 tp 1,9730

Good Luck
Piotr

Forex raport

Hello,

No special fireworks after Christmas, only one thing is important:
Roumors that BOJ will rate hike on January...

So important will be today where we will close, watching market carefully...

Good Luck
Piotr

Forex view...

Hello traders....

Reaction after US data: USD holding ground vs JPY, note:GBP,EUR and CHF tring to push USD lower...
Today also final Michigan number...

EUR-USD - our long was stopped out at 1,3150, no trades ahead of Christmas weekend

GBP-USD - holding long ( strategy from yesterday ), now I put stop-profit order at 1,9640

USD-JPY- narrow sl for short to 118,55 and tp 117,40

BEST WISHES AND HAPPY CHRISTMAS !!!

Good Luck
Piotr

Forex analysis

Hello Traders,

Be carefull ahead of trading Christmas...

EUR-USD - very quiet trading , yesterday bears tried to break 1,3160-80, but this level still holds. Below 1,3130 and 1,3060. Important today: US GDP, Jobless claims at 13.30 gmt, later at 15.00 Leading Indicators and finnaly Philly FED at 17.00 gmt, should show direction.

Strategy: put sl for longs at 1,3150

GBP-USD - surprise for me is strong 1,9730-50 resistance. In my opinion stronger was 1,9670 which bulls broken very easy on Tuesaday. Now watching 1,9580-9620 level if holds after US data, bulls should allive :)

Strategy:If support will hold after US data, try small long near this level with sl near 1,9560.

USD-JPY - range 117,80-118,45. Yesterday during us session bulls tried again pushe pair higher above reistance, but failure break and quick profit taking pushed back pair towards 118. Us data should give us direction.
Strategy: sl for short which i took yesterday after failure break resistance move at 118,60

Good Luck
Piotr

Forex strategy

Hello Traders,


Usd was strong sell-off yesterdy, even after better US numbers ...

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...add on dip at 1,3180 sl just below tp 1,3295 for half and open for rest

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: the same

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: watch another probe for move above resistance, if 118,35-40 will holds , take short with tight sl just above this level.

Good Luck
Piotr

Forex update...20.gmt

Hello,


EUR-USD
Pair hit 1,3210-15 resistance and backed below the figure.
watch todays close, could be important.
Generally EURbroken downtrend line on 4h chart ( watch chart ) and
we should see rally twds 1,3360-80 earlier minor resistance at 1,3280.
Try to go long on back to broken line if seen during asian session.


GBP-USD
Direction was change today early morning. Resistance at 1,9670 was taken out during us session. Pair also broken downtrend - line, watch today close could be important.
If You still holding rest long put sl higher at 1,9620.
I closed all longs, with very good profit, will try to re-buy above 1,9730. Bulls have a big chances for move twds 1,9850 and higher twds 2,00-01.


I had some technically problems, so few last post was deleted.
Sorry for this problem...
If somebody has my latest post please send to me, thanks...


Good Luck
Piotr

p.s.
If You have to recive all details ( commentary, analysis, trading strategy, any alerts ) simple send email to me: piotr.wilczynski@finexo.de,
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and remember Your e-mail adress will stay only in my base. If You will have remove from my database simply sent blank email to me.

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