11.06.09
IMPORTANT NEWS
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06.06.09 Analysis
our second resistance and sell objective at 1.4335 (revise form 1.4345 on XL sheet) was met by the market and a 400 pips drop materialize this friday
01.06.09 Analysis
Today our first resistance and sell objective is 1.4255
then 1.4335 and 1.4365/87
Before selling on any of the above resistances level, as being against
the current up trend, we shall wait for a reaction (market stop on
the level and retreat at least 30 pips) and then find a sell spot when
the market comes back up to retest it.
Last analysis of may: 22.05.09
our daily support of 1.3740 yesterday was undercut by 13 pips but it went at 3 pips close all the way to our 1.3945 exit target
we only want to come out as seller if we have a monthly target
our first monthly target is done at 1.3977
next sell spot are 1.4019 and 1.4065 (prefer) and we add one at 1.4118
1.4006 is likely to be a daily reversal, in case we shall play against it next trading day, but not sell right on it
daily support
1.3891
1.3866 (prefer)
1.3795/75
daily and real time charts updated on web site
once we have a reaction downwards on one of our monthly target, we shall work trying to sell against it using intraday today, daily and weekly resistance as of next monday.
21.05.09 Analysis
Posted 18h14
with a 1.3727 low, just 13 pips lower than our daily support, we moved back up towards our 1.3945 target and this from a very clear fibonacci retracement (see real time section as of 21.05 16h00 gmt).
therefore if you where a buyer on the daily support 1.3740 level, then 1.3945 level would be a good place to exit.
we stated earlier today that 1.3945 was good sell spot, but given the late fibonacci intraday retracement and the possibility to go to 1.4066 this friday, we dont cancel the sale, but we advise to place a modest order.
Posted 15H09GMT
1.3830/44 weekly level given yesterday was finally reached today with 1.3838 and we had our 100 pips profit buying back on the daily support 1.3740 as planned this morning.
real time is updated.
Posted 8h32GMT
after finally breaking out the 1.3675 weekly resistance, we confirmed the monthly up trend and top picker's are out of the box...
our weekly level 1.3830/44, revised yesterday from 1.3812 is holding so far and its also display a good retracement in the daily rsi yesterday (see Day section), it was more a target breaking away from our 1.3675 weekly resistance than a sell spot but we would like to see around 100 pips reaction from that level to the first daily support 1.3740, next daily support is 1.3695
intermediate target, that is weekly level only are set today at 1.387 and 1.3890 BUT a good sell spot is the one where we have a weekly AND monthly target as well, such as 1.3945 today, even its logical to think the monthly up trend will carry on in june
20.05.09 Analysis
Posted 06h11GMT
amid a difficult and hesitating trading yesterday our prefer weekly resistance level 1.3675 was approached twice, once at 15 pips close, which is not good enough, and market lost 100 pips to recover late in the day making another attempt this time 6 pips away from our level,which is better, and reacted 90 pips at this time.
intraday RSI show a resistance on that level, the retest of that resistance is a sale with price that can be marginally higher such as 1.3685
breaking on the upside today or weekly target is 1.3818
19.05.09 Analysis
all charts updated with commentary, including news analysis of weekly and monthly
a general view of the market, less technical with levels and direction is emailed around 10h00 GMT.
real time update, confirming level are also send by email during the day
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18.05.09 Analysis
in light of our customers comments we reorganize the way we publish our analysis to make it accessible to all : regular email will be send in morning and evening with market directions on top of our real time update
in a word simpler, clearer analysis and taking every day as a new day to make money!
15.05.09 Analysis
Posted 14h01GMT
exactly according yesterday our second daily resistance was hit at 1.3660 level
after partially overcoming a technical problem on our system we where able to spot this morning our first intraday exit at 1.3550 level daily support to safely take more than 100 pips profit if closing the remaining open position on that level.
the possible second exit, as planned Thursday 14 would be our first weekly support, slightly lower than yesterday low 1.3510 level: generating 160 pips profit
A buy on the first weekly support level would make now around 100 pips profit
PLEASE READ "Managing your trade" in "Forex Managed Account" on how we place orders.
14.05.09 Analysis
Posted 16h40
about on hour after our morning post, our prefer daily resistance 1.3610/15 was hit, and going out as indicate in the real time section to 1.3570 would have given you 20 pips gain with the first order and about 40 pips with the second order, as described in the section "Forex Managed Account"
another 50 pips gain for the day
we hope for higher high tomorrow, or to hit another daily resistance such as 1.3660 or 1.37 level (see real time section) so we can sell the market in order to go to one of our weekly support such as 1.3510 or 1.3350.
Posted 07h40GMT
daily low in line with our first weekly support 1.3508
3 level of daily resistance
1.3593 - 1.3610/15 (prefer)
1.3650
1.3700
we expect intraday confirmation on one level
13.05.09 Analysis
Posted 16h48GMT
the day is ending with a nice reaction of 200 pips form our second weekly resistance to our second daily support where it had a 90 pips reaction before going lower, and a good behavior of the intraday RSI.
its tempting to call for a lower low tomorrow but we shall see how the day close
we do not have enough information to declare that weekly resistance oa valid high spot, and that the rest of the week is down. actually we prefer a higher high this week.
Posted 12H50GMT
see commentary in real time section
Posted 10h55GMT
as expected our daily support did not do much against the weekly level 1.3725.
our intraday support 1.3633 give some sign of life, its not an easy day but it will clear out if going lower from our second weekly level done overnight
Posted 09h41GMT
daily support 1.3656/52 - 1.3590/74
resistance 1.3726 (level done) and 1.3743
Posted 05h55GMT
after moving down 100 pips from our first resistance level 1.3700/15, and snap back up from our intraday support 1.3588 yesterday (see yesterday real time section) price moved overnight very close to our second resistance level 1.3730. daily chart indicate this level can be 1.3726 and 1.3743
1.3870 would be a stop before moving to higher high on the monthly such as 1.3980 and 1.4150 level
so far so good for us this week, but the situation is getting increasingly complicated , too many targets on the upside between where we stand and 1.3870. we stay put as seller for now.
12.05.09 Analysis
Posted 13h10GMT
first weekly resistance level 1.3700/15 achieved
please check on updated sections: real time, daily, weekly and monthly.
Posted 09h28GMT
this week first weekly resistance level 1.3700/15
other weekly resistance level 1.3730, 1.3765 and 1.3830
first weekly support level 1.3500
others weekly support level 1.3474, 1.3420 and 1.3345
see daily and intraday section
11.05.09 Analysis
Posted 12:39 GMT
market high 1.3669
market last 1.3575
1.3602 was our profit taking target from the sale at 1.3660 resistance level.
first order took 20 pips profit
Second order took more than 50 pips: total min 70 pips profit out of a 100 pips move.
The possibility to make more of this trade than 70 pips without having
to follow the market every minute is real, simply join our Euro Fund,
profit fully from our expertise.
see "Forex Managed Accounts".
Posted 05H31 GMT
market high 1.3669
market last 1.3626
if applying money management described in Forex Managed Account
order number 1 would be out with 20 pips profit
thus already covering the stop of your second order in the market.
by moving the stop of your remaining open order to its entry level you
would lock your initial 20 pips profit
intraday updated
Posted 04:37GMT
1.3670 level with 1.3603 support could be nice for a light weight sell order with a very close stop.
3705 and 3730 looking stronger.
MARKET LAST 1.3660
08.05.09 Analysis
visit real time section, and daily section that show our target 1.3510 was done coming from 1.3250 level by intraday signal
7.05.09 Analysis
Please see Daily and Real time section for details
06.05.09 Analysis
70 pips profit could be made selling on the resistance level we had.
It came back up retest that level around 19h00 GMT and failed again.
See analysis on Real Time section updated as of 12h46 GMT and daily section
Long term analysis will follow on weekly section soon
For real time SMS alert: contact TradePrevision@gmail.com
Past Results
Week ending May 01
Only based on our free advises:
This week: +300 pips profit
Last week: close to 300 pips profit
See full details, with time stamp, in our past analysis below
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Stephane L
Chief Analyst
29.04.09 Analysis
Posted 20h00 GMT
After a +70 pips profit on the first resistance level at 1.3280, below is the detail of the second resistance level 1.3330 how brought us +90 pips profit.
Market high 1.3340
Market last 1.3254 at 20h00 GMT
Please visit the "Money Management" section in our website and find
out how and why we placed the order as follow
order 1
sell 1.3324 stop 1.3344 take profit 1.3304
order 2
sell 1.3324 stop 1.3344 take profit where real time analysis indicate
you.
If you close the second open order now at 20H00 GMT you can get
1.3254, that is 70 pips profit to add to the 20 pips profit from first
order
Posted 10h45 GMT
Market high 1.3248
Market Last 1.3240
It would be better to find where to buy on the daily support but we are now far from 1.3115 and 1.3090, therefore we look at the resistance of day/week, and eventually towards new high's.
After yesterday breakthrough from 1.3060, 1.3330 would be our first daily target above last week high.
The upside target on the weekly also include 1.367 and 1.3715 level if done before Friday May first, such a move is unlikely, but in case ...we are ready.
We shall not be direct seller against the trend, but first observe if the market stop on a place we understand, then using real time intraday information, we sell when the market comes back to test our level.
The exit and take profit is done on the support of the day, where we can reverse and become a buyer.
For Real Time Alerts and subscriptions, please contact us at Tradeprevision@gmail.com
Stephane L
Chief Analyst
27.04.09 Analysis
Posted 03h12 GMT
The first support of the day is seen at 1.3154, then 1.3125 therefore we suggest taking a profit of 120 pips from the sale on Friday 24 April on the last weekly resistance at 1.3295 by closing the open position at 1.3169 ( Market last price is 1.3164, Today low 1.3160)
Here is how we suggested you place the order to sell on 1.3295, please visit the section "Money management" in our website for details:
Sell 2 orders on 1.3289, stop 1.3309
Profit taking order 1: 1.3269
Profit taking order 2: on target given by the analysis (1.3169)
Results:
+20 pips profit with first order
+120 pips profit with second order
A nice way to start the week...
Analysis & Results from 20 to 24 of APRIL:
The week is ending with close to 300 pips profit
Friday APRIL 24 Analysis
This is the last post of the week
13h58 GMT
Since April 20, RSI daily did show clearly the trend was up.
Buying on a dip is often find using Intraday going down from various weekly resistances levels.
(see Real Time: Services & Prices)
1.3295 last weekly resistance just done as we are writing those lines, market down 50 pips.
A reaction of 30 pips will cover your trade as explain in the section "Money Management".
Posted at 08H26
The maximum resistance of the week before resuming its down trend next week is 1.3295
But we take one week at the time!
As the daily trend is up, we will not sell directly on this weekly resistance but wait to see if price stop first and then sell against using real time intraday 4 hours bar chart, finding the best sell spot with maximum security.
This information being available for paying customers only.
Comments and Analysis are posted starting around 10h00 GMT.
For Real Time Alerts and subscriptions, please contact us at Tradeprevision@gmail.com
Thursday APRIL 23 Analysis
Posted 14h07 GMT
Our first intermediate daily target on the upside is 1.3080/90, a reaction from there may give us a dip on the intraday for a buy that will take us to weekly resistance 1.3140 and 1.3180 level for a sale.
Posted 10h30 GMT.
Market high 1.3088 made at 11h33 GMT:
+20 pips profit with the first order and at this time another +50 pips with the second open order
(market last 1.3020 take profit, reverse and buy with 1.3140 profit target).
Posted 20h59 GMT
Target achieved!
Market reached 1.3140 from our intraday buy spot 1.3020, exactly according to this morning strategy.
+120 pips profit with the second order.
Comments and Analysis are posted starting around 10h00 GMT.
For Real Time Alerts and subscriptions, please contact us at Tradeprevision@gmail.com
Wednesday APRIL 22 Analysis
Dear Traders,
Since Monday APRIL 20 : 150 Pips PROFIT could have been made on our advises.
And as you can see on the Daily RSI chart, today up move was not a surprise.
Stephane L
Chief Analyst
Comments and Analysis are posted around 10h00 GMT.
For Real Time Alerts and subsbsriptions, please contact us at Tradeprevision@gmail.com
Tuesday APRIL 21 Analysis
Dear Traders,
Posted at 07h02 GMT
After moving up from our 1.2895 level yesterday, the best daily resistances are set today at 1.2995 and 1.3040.
Intraday RSI indicate weakness up to 1.2995 and support on 1.2890/70
If it break through our resistances, we understand the daily trend is up to 1.3140 and 1.3180 weekly resistance, we therefore will try to buy dip on the way up.
Posted at 19h22 GMT
Good reaction right on the 1.2995, down to 1.2930 level where I suggest to take profit for the one that like to sleep at night.
Stephane
Chief Analyst
For Real Time Alerts, please contact us at Tradeprevision@gmail.com
Monday April 20 Analysis
Dear Traders,
Posted 10h00 GMT.
We are getting near 1.2937 (market last low 1.2945) its a montlhy support, a good spot on the weekly and daily, and we can have a bounce there, but the intraday technicals even if low enough, show it will come back make a lower low later (in the week) to a much better and long term spot.
So a buy there would be to hold only to the first daily resistance 1.3075
If 1.2937 is the low of the market until 12h00 GMT, we shall then safely find a place to buy later on using the intraday.
1.2905/1.2895 is good level to buy direct
Stephane L
Chief Analyst
Comments and Analysis are posted around 10h00 GMT.
For Real Time Alerts, please contact us at Tradeprevision@gmail.com