Major Daily Analysis

[masterpips]

Major Daily Analysis (7th July 2008)

Hello All

EUR/USD

Recommendation : Sell, TP: 1.5500, SL:1.5800

USD/CHF

Recommendation : wait

GBP/JPY

Recommendation : Sell, TP: 1.9625, SL:2.0000

USD/JPY

Recommendation : wait


See u all tomorrow

 

[masterpips]

EUR/USD

Recommendation : Keep the position and wait for today candle

USD/CHF

Recommendation : Buy (UC00001), TP : 1.0367, SL:1.0105 GBP/USD

GBP/USD


Recommendation : Keep the position

USD/JPY


Recommendation : Buy (UJ00001), TP : 108.16, SL :105.15



Happy Trading All

 

[masterpips]

Major Daily Analysis on 9th July 2008

Hello All

this is recommendation for today

EUR/USD

It'still downtrend

Recommendation : Keep the position

USD/CHF

it's still uptrend

Recommendation : Keep the position

GBP/USD

It's still downtrend

Recommendation : Keep the position

USD/JPY

it's still Uptrend

Recommendation : Keep the position


it's all friend

see u tomorrow

 

[masterpips]

Yesterday was a bad day because of oil price rise.

so, all the major need to wait and see.

see u al

Please refer to my blog : Forex Signal and Analysis

 

[masterpips]

Daily Analysis on 14th July 2008

Forecast

EUR/USD

Day trader :it'll swing between 1.5895 to 1.5835
Swing Trader : it'll go up to 1.6019
Long Term Trader : -

USD/CHF

Day trader :it'll swing between 1.0112 to 1.0306
Swing Trader : it'll swing between 1.0084 to 1.0444
Long Term Trader : Down

GBP/USD

Day trader :it'll swing between 1.9934 to 1.9799
Swing Trader : it'll go up to 2.0029 (or at least at 1.9980)
Long Term Trader : -

USD/JPY

Day trader :-
Swing Trader : -
Long Term Trader : -


GBP/JPY

Day trader :-
Swing Trader : -
Long Term Trader : -

 

[masterpips]

Daily Analysis on 15th July 2008

Hello All,

USD/JPY

Day Trader : wait for breaking the 106.35 line. If it can break the line then it will go up.

wait for my signal


thanks

 

[masterpips]

Daily Analysis on 16th July 2008

EUR/USD

Analysis
4 Hour Chart
Daily Chart

Based on this 4 hours chart, it will go down to test 1.5841 line and there will be 2 possibility, if it can break the line then it will go down to 1.5635 but if it cannot break that line it will go up to 1.6010 as you can see in daily chart.

Forecast

Day Trader:it will go down to 1.5841 then if it can break that it will go down if not it will go up
Swing Trader:-

Recommendation

Day Trader:wait until it break or rebound from 1.5841
Swing Trader:wait until today candle form completely


USD/CHF

Analysis
4 Hour Chart
Daily Chart

on 4 hour chart, it will go up to test 1.0112 line then if it can break the line then it will go up to channel resistance line in daily chart at 1.0448 but if it cannot, it will go down to 0.9642 then to 0.9925.

Forecast

Day Trader : it will go up to test 1.0112
Swing Trader :-

Recommendation

Day Trader : wait for testing the 1.0112 line
Swing Trader :wait for today candle

Happy Trading

 

[masterpips]

Signal on USD/CHF

Hello all

Based on 4H chart, it's already bounce from 1.0112 so I think it's time to sell, at least to 1.0010 then it will test to 0.9925 then 0.9642.

Happy Trading all

 

[masterpips]

Daily Analysis on 17th July 2008

EUR/USD

Analysis

in daily chart, it already test 1.6018 line and it's fail to break the line. and we have reversal pattern. it's also confirm by 4h chart that already break the 1.5841 and we have very strong bearish here.

Forecast:

Day Trader : down
Swing Trader :down

Recommendation :

Day Trader :Sell, TP: 1.5650, SL: 1.6050
Swing Trader :Sell, TP:15350, SL:1.5865

USD/CHF

Analysis

based on 4h chart, it already break 1.0112 line and it's show strong bullish and it's confirmed by daily chart that support line in downtrend channel still show as strong support.

Forecast

Day Trader : Up
Swing Trader : Up

Recommendation

Day Trader : Buy, TP:1.0290, SL:1.0075
Swing Trader : Buy, TP:1.0400, SL: 1.0000


GBP/JPY

Analysis

Based on 4h Chart, 208.50 is become strong support and it bounce in this line, it's also showing strong bullish.

Forecast

Day Trader: Up

Recommendation
Day Trader: Buy, TP: 211.90 SL:207.85

 

[masterpips]

Daily Analysis on 18th July 2008

USD/JPY

Analysis

Based on 4H chart, this pair is in very strong bullish. But we have to wait it break 38.2 fibonaci line at 106.35. If it can break this line it'll go up to 108.50.

Based on this chart, it'll go up to 109.41 as 61.8 fibonaci line.


Forecast

Day Trader : up after break 106.35
Swing Trader : Up after break 107.65

Recommendation

Day Trader : Wait
Swing Trader : Wait

 

[littlemog]

Hi masterpips,

some noob questions, after seeing your posts:

1. I notice on my 4H there's a bearish divergence... do you see a reversal playing out?
2. Given the 'rangebound' characteristics of the dollar-yen recently, is 109 reachable and what time frame for possibly reaching these targets are you looking at?

 

[masterpips]

Hi masterpips,

some noob questions, after seeing your posts:

1. I notice on my 4H there's a bearish divergence... do you see a reversal playing out?
2. Given the 'rangebound' characteristics of the dollar-yen recently, is 109 reachable and what time frame for possibly reaching these targets are you looking at?

1. I didn't notice that because I don't use any indicator. But I think It'll go up at least till 107.60
2.Based on daily chart, I believe we will reach that point, if we can break 107.60 then 108.55 then we will reach 109.41. and I think it'll be there in 1 to 2 weeks.

 

[littlemog]

Hi masterpips,

thanks for the replies... let's watch the market this week. Have visited your blog, will do so again.

Cheers.

 

[masterpips]

Daily Analysis on 21st July 2008

Hello

How are you guys today?

GBP/USD

Based on daily chart


I think it'll go down because it's already rebound from 38.2 fibonaci line (2.0029) but to confirm that we have to wait for today candle finish its form. if today candle close below green line its mean we can go short (sell).

 

[masterpips]

Daily Analysis on 23rd July 2008

Hello All

GBP/USD


Let's take a look on this daily chart


Yesterday candle is closed below the green line, it mean that we have a signal to go short (sell) and it mean make 38.2 fibonaci line (2.0029) as a resistance line. it'll go at least to 1.9840 then to 1.9760 then to 1.9560.

But, be careful because today we will have BOE minute at 8.30 GMT.

Forecast :

Swing Trader : Down

Recomendation:

Swing Trader : Sell TP: 1.9840, SL: 2.0035

Good Luck all

 

[masterpips]

Update Daily Analysis on 23rd July 2008

GBP/JPY

Based on 4H Chart, it already breaks 0.0 fibonaci level (213.87) then it really make strong bullish and also there are I found continuation pattern (3 white soldier).

Forecast:

Day Trader : Up

Recommendation:

Day Trader : Buy TP:216.00 SL:213.00

 

[masterpips]

Daily Analysis on 25th July 2008

Hello All

Analysis

USD/CHF

Based on daily chart, we can see that the candle already test the resistance line of the channel and it cannot break the resistance line. I think it will go down but for sure we have to wait for today candle.

USD/JPY


Based on this daily chart, we can see that there are reversal signal because it form "dark cloud" pattern. but we have to wait for today candle.

Forecast

USD/CHF :

Swing Trader : Down

USD/JPY :

Swing Trader : Down

Recommendation

USD/CHF :

Swing Trader :Wait for today candle

USD/JPY :

Swing Trader :Wait for today candle

 

[masterpips]

Daily Analysis on 29th July 2008

Hello All

EUR/USD

Analysis



Based on this daily chart, we can see we already have a signal to buy because there are " 3 outside up" pattern but based on this 4H chart

we can see there are a resistance, so I think it's better to wait it break that resistance (1.5757)


Forecast

Day Trader : -
Swing Trader : Up


Recommendation

Day Trader : wait until it break 1.5757
Swing Trader : Buy but it's better to wait until it break 1.5757


USD/CHF

Analysis

Based on this daily chart, we have a good signal. it's already rebound from our channel resistance line. So I think it'll go down.

Forecast :

Day Trader : Down
Swing Trader : Down

Recomendation

Day Trader : Sell
Swing Trader : Sell


That's all. Happy Trading

 

[masterpips]

Daily Analysis on 4th August 2008

Hello All

GBP/USD

Analysis

based on 4h chart, we can see that it already break the 61.8 fibonaci level and it shown continuation signal, so I think it will go down to test 100 fibonaci level.

Forecast:

Day trading : Down

Recommendation:

Day trading : Sell, TP: 1.9590, 1.9470, 1.9420 SL: 1.9720

EUR/JPY

Analysis

based on 4h chart, we can see that it already rebound from the 38.2 fibonaci level and it shown continuation signal, so I think it will go upto test 0.0 fibonaci level.

Forecast:

Day trading : Up

Recommendation:

Day trading : Buy, TP: 169.00, 169.70, 169.90, SL: 167.00

For further question and assistance, please contact me on [email protected]

 

[masterpips]

Daily Analysis on 5th August 2008

Hello All,

EUR/USD

Analysis

Based on 4H chart, we can see that it already rebound from 61.8 Fibonacci line and it show reversal signal. so I think it will go down at least to 1.5505 then 1.5449 then 1.5302 (100 Fibonacci Line).

Forecast:

Day Trader : Down

Recommendation:

Day Trader : Sell (1.5535) TP: 1.5510, 1.5460, 1.5310 SL: 1.5590

Happy Trading

For further question and assistance, please contact me on [email protected]