EUR/USD hit new record high

[GFSignals]

The EUR/USD has taken $1.3787 and shown a new historical maximum at $1.3792. Sell orders at $1.3800.

The USD/JPY recovered most of its Tuesday's losses after finding support at 121.00. But the support of the upward channel has been broken and the 122.00/20 support is being tested. If the 122.00/20 is broken, the USD/JPY will fall further.

EUR/GBP has shown maximums at 0.6777 area, after taking morning highs at 0.6772. Sell orders lies at 0.6785 up to 0.6800.

 

[GFSignals]

Free Forex Enters & Exits

07:42 (GMT)

EUR/USD Buy 1 1.3775 Stop:1.3745 Limit:1.3830
GBP/USD Buy 1 2.0350 Stop:2.0300 Limit:2.0450

 

[GFSignals]

US dollar still characterized by its great vulnerability

09:10:38 GMT:

last week and despite it was poor of major fundamentals, the market broke some major levels, recorded some new levels, and the movement was massive, this week, the news are lined up on the queue, and the U.S. dollar still characterized by its great vulnerability. The major news this week will talk about the fed's major predominant concern which is inflation, as we are going to start by the PPI figures, and afterwards CPI on the U.S, economy, the expectations are for both to witness some good improvements, easing inflation, which might lead to further expectations for a rate cut, and accordingly some more dollar weaknesses. From the other hand, and after the release of those important figures, Mr. Bernanke will testify on monetary policy before house panel on Thursday, maybe to set things right again, and again assure investors that everything is going fine, and get the dollar back some of its losses. While during the week, the U.S. Federal Reserve Bank and the Bank of England will announce their Minutes from their last meetings. More dollar weakness is expected unless the news revealed a different story, the possibility of a correction is also on the table, so keep yours eyes wide open for the trend of the market

Posted by Iftc

 

[GFSignals]

USD is still on a downtrend

10:27:52 GMT:

We still see USD on a downtrend. so, we recommend to keep your positions running, while we will wait till the market react to the comming events & also we assume a tiny possibility of trend reversal in short term. stay calm and trade relax

Posted by Iftc

 

[GFSignals]

Free Forex Enters & Exits

13:10:20 GMT

AUD/USD Order Buy 1 0.8700 Stop:0.8650 Limit:0.8760

 

[GFSignals]

GBP/USD is going up

15:50:51 GMT:

The Rising Wedge pattern is about to form on 1H for GBP/USD the trend into a up trend after opposite reaction to the trend line so we are looking to this situation as a bulish formation but we think that this pattern may change and reform so it beter to be aware owal wait for strongest signals to enter to an other trade or change our stop loss to to entry point

Posted by Iftc

 

[GFSignals]

Current state

Current state of Ift's trades:

Open position:
2007-07-11 - 13:24:59 (GMT) NZD/USD Sell 0.7785 TP: 0.7700

Orders:
GBP/USD Order Sell 2.0489
GBP/JPY Sell 249.71 Stop: 250.15 TP: 249.31
GBP/CHF Sell 2.4606 Stop: 2.4656 TP: 2.4556

Comments:
Main reason for drop EUR/USD despite of week German's data , was forming triangle pattern in 1 hour time frame. But despite of weak dollar this trend isn’t consolidation trend.

On (1H) GBP/CHF chart a “triangle” formation has formed and a Down trend recognized after price line overcame the up trend line, but, considering to upcoming fundamental events that would probably support GBP,we still prefer to wait for stronger signals to confirm a downtrend.

Closed Signals:
EUR/USD Buy Opened: 1.3775 Closed: 1.3777 +2
GBP/USD Buy opened: 2.0350 Closed: 2.0415 +65

 

[GFSignals]

Order was opened

Order was opened at 12:28 GMT

Currency: GBP/JPY
Action: Sell
Lots: 1
Open: 249.71 (Open Price)
Stop: 250.15
Limit: 249.31

 

[GFSignals]

Order GBP/CHF was opened

Order was opened at 13:06 GMT

Currency: GBP/CHF
Action: Sell
Lots: 1
Open: 2.4606 (Open Price)
Stop: 2.4656
Limit: 2.4556

 

[GFSignals]

Update Signal Value

Update Signal Value

Currency: GBP/JPY
Action: Sell
Open: 249.71
Stop: 250.30 (New Value)

 

[GFSignals]

Free forex trading entries & exits

Cancel Order
Currency: GBP/USD
Action: Order Sell
Open: 2.0489

Update Signal
Currency: GBP/CHF
Action: Sell
Open: 2.4606
Limit: 2.4566 (New Value)

 

[GFSignals]

The first loss

Currency: GBP/JPY
Action: Sell
Open: 249.71
Close: 250.33 (Close Price)
Profit: -62

 

[GFSignals]

Hit Limit

Signal hit limit at 2007-07-18 00:49:29 GMT

Currency: GBP/CHF
Action: Sell
Open: 2.4606
Limit: 2.4566
Close: 2.4566 (Close Price)
Profit: +40

 

[GFSignals]

New trades

USD/CAD Sell Lots: 1 Open: 1.0423 Stop: 1.0457 Limit: 1.0387

USD/JPY Sell Lots: 1 Open: 121.65

 

[GFSignals]

Uodate trade

USD/JPY Sell Lots: 1 Open: 121.65
Stop: 122.67 (New Value)
Limit: 121.10 (New Value)

 

[GFSignals]

On 1H USD/JPY chart fibo pattern GARTLI is forming, and it's target at 121.08 , and ab-cd point at 121.36 has formed. If you take short position, sure target is at 121.36.

 

[GFSignals]

Update Stop Value

Currency: USD/CAD
Action: Sell
Open: 1.0423
Stop: 1.0502 (New Value)

 

[GFSignals]

Close Signal

Currency: USD/CAD
Action: Sell
Open: 1.0423
Close: 1.0460 (Close Price)
Profit: -37

 

[GFSignals]

New signal

Currency: AUD/USD
Buy
Lots: 1
Open: 0.8755
Stop: 0.8655
Limit: 0.8815

 

[GFSignals]

AUD/USD Stop to non-loss

Update Signal
Currency: AUD/USD
Action: Buy
Lots: 1
Open: 0.8755
Stop: 0.8755 (New Value)