forex618.net daily currency strategy

[talktome]

You are working very hard on almost all Forex forums. do you know how many people are following your advice?

[forex618]

Daily Currency report for Thursday September 06 2007

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This is only a guide. Please refer to our specific entry signals for exact entries and stops. Please visit Forex trading signals and instant alerts on Forex major currencies for more information.

This Week's Economic Calendar
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Date ET Release For Actual Briefing.com Consensus Prior Revised From
Sep 04 10:00 Construction Spending Jul 0.1% -0.1% -0.3%
Sep 04 10:00 ISM Index Aug 53.5 53.0 53.8
Sep 04 17:00 Auto Sales Aug 5.1M 5.0M 4.9M
Sep 04 17:00 Truck Sales Aug 6.8M 7.0M 6.7M
Sep 05 10:00 Pending Home Sales Jul 5.0%
Sep 05 10:30 Crude Inventories 08/31 NA NA -3486K
Sep 05 14:00 Fed's Beige Book
Sep 06 08:30 Initial Claims 09/01 320K NA 334K
Sep 06 08:30 Productivity-Rev. Q2 2.5% 2.3% 1.8%
Sep 06 10:00 ISM Services Aug NA 54.5 55.8
Sep 07 08:30 Nonfarm Payrolls Aug 130K 120K 92K
Sep 07 08:30 Unemployment Rate Aug 4.7% 4.6% 4.6%
Sep 07 08:30 Hourly Earnings Aug 0.3% 0.3% 0.3%
Sep 07 08:30 Average Workweek Aug 33.8 33.8 33.8
Sep 07 10:00 Wholesale Inventories Jul 0.5% 0.5% 0.5%

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EUR/USD

Weekly Trend direction: Bullish

Weekly trend reversal level: 1.3550

Strategy: Whilst above the weekly trend reversal level, buy dips to support levels after an entry signal.

Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3800, and possibly higher still, towards 1.4100.

Today's trade suggestion: Bouncing from the 1.3550 zone again, and we have been range trading for almost two weeks. We should break out one way or the other before the weekend (NFP report on Friday) and so far it looks like the bullish side might prevail. Below 1.3550 means a change in direction and the euro could correct significantly towards 1.3350 and possibly lower. Hold longs and target 1.3800 plus.

Key G7 Support levels: 1.3550

Counter-trend opportunities: None

EUR/USD Hourly chart:



EUR/USD Weekly chart:

[nicesurf]

How did you get and compile all the above data ?

[forex618]

Daily Currency report for Monday September 10 2007

Get our new G7 Forex system for yourself (FREE E-book!) G7 Forex System by Forex-Science. Day trading system for the Forex market.

This is only a guide. Please refer to our specific entry signals for exact entries and stops. Please visit Forex trading signals and instant alerts on Forex major currencies for more information.

This Week's Economic Calendar
--------------------------------------------------------------------------------
Date ET Release For Actual Briefing.com Consensus Prior Revised From
Sep 10 15:00 Consumer Credit Jul $8.0B $9.5B $13.2B
Sep 11 08:30 Trade Balance Jul -$58.0 -$59.0B -$58.1B
Sep 12 10:30 Crude Inventories 09/07 NA NA -3972K
Sep 13 08:30 Initial Claims 09/08 325K 330K 318K
Sep 13 14:00 Treasury Budget Aug -$100.0B -$85.0B -$64.7B
Sep 14 08:30 Current Account Q2 -$192.0B -$190.0B -$192.6B
Sep 14 08:30 Export Prices ex-ag. Aug NA NA 0.0%
Sep 14 08:30 Import Prices ex-oil Aug NA NA 0.2%
Sep 14 08:30 Retail Sales Aug 0.6% 0.5% 0.3%
Sep 14 08:30 Retail Sales ex-auto Aug 0.0% 0.2% 0.4%
Sep 14 09:15 Industrial Production Aug 0.4% 0.3% 0.3%
Sep 14 09:15 Capacity Utilization Aug 82.1% 82.0% 81.9%
Sep 14 10:00 Business Inventories Jul 0.3% 0.3% 0.4%
Sep 14 10:00 Mich Sentiment-Prel. Sep 83.0 83.5 83.4





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EUR/USD

Weekly Trend direction: Bullish

Weekly trend reversal level: 1.3550

Strategy: Whilst above the weekly trend reversal level, buy dips to support levels after an entry signal.

Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3800, and possibly higher still, towards 1.4100.

Today's trade suggestion: Powering up to 1.3800 and just 60 pips shy of the all-time high at 1.3860, the euro "should" have another bash at taking 1.3900 this week. If we do manage this, the next stop is probably 1.4100. Remain bullish and look to buy dips after a clear G7 entry signal, but keep stops tight and be nimble with profit-taking. As we approach these extreme levels, volatile swings in both directions are possible and even likely. 1.3550 and 1.3350 are now very key support areas and whilst above here, expect continued upside probing. Below 1.3550 means a medium term top might just be in place and momentum should remain bearish for some time.

Key G7 Support levels: 1.3550

Counter-trend opportunities: Sell 1.3860

EUR/USD Hourly chart:



EUR/USD Weekly chart:

[forex618]

Daily Currency report for Thursday September 13 2007

Get our new G7 Forex system for yourself (FREE E-book!) G7 Forex System by Forex-Science. Day trading system for the Forex market.

This is only a guide. Please refer to our specific entry signals for exact entries and stops. Please visit Forex trading signals and instant alerts on Forex major currencies for more information.

This Week's Economic Calendar
--------------------------------------------------------------------------------
Date ET Release For Actual Briefing.com Consensus Prior Revised From
Sep 10 15:00 Consumer Credit Jul $8.0B $9.5B $13.2B
Sep 11 08:30 Trade Balance Jul -$58.0 -$59.0B -$58.1B
Sep 12 10:30 Crude Inventories 09/07 NA NA -3972K
Sep 13 08:30 Initial Claims 09/08 325K 330K 318K
Sep 13 14:00 Treasury Budget Aug -$100.0B -$85.0B -$64.7B
Sep 14 08:30 Current Account Q2 -$192.0B -$190.0B -$192.6B
Sep 14 08:30 Export Prices ex-ag. Aug NA NA 0.0%
Sep 14 08:30 Import Prices ex-oil Aug NA NA 0.2%
Sep 14 08:30 Retail Sales Aug 0.6% 0.5% 0.3%
Sep 14 08:30 Retail Sales ex-auto Aug 0.0% 0.2% 0.4%
Sep 14 09:15 Industrial Production Aug 0.4% 0.3% 0.3%
Sep 14 09:15 Capacity Utilization Aug 82.1% 82.0% 81.9%
Sep 14 10:00 Business Inventories Jul 0.3% 0.3% 0.4%
Sep 14 10:00 Mich Sentiment-Prel. Sep 83.0 83.5 83.4





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EUR/USD

Weekly Trend direction: Bullish

Weekly trend reversal level: 1.3550

Strategy: Whilst above the weekly trend reversal level, buy dips to support levels after an entry signal.

Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3800, and possibly higher still, towards 1.4100.

Today's trade suggestion: The euro has made a new all time high, with 1.3920 as the new mark. We have consolidated quietly beneath here, but it looks as if we will be moving higher before the weekend. The strategy for today is to buy on dips to around 1.3750/30, but it is unlikely we will get there before another rally. There are also strong possibilities of counter-trend short positions simply due to the fact that the Euro is very overbought and at such extreme levels. However, we won't be rushing into these unless there are very clear signals of reversal around the 1.4000 (a BIG level) or 1.4100 levels. Watch price action carefully at these levels and be prepared to act decisively and aggressively to catch the large potential retracements from there (remembering to keep stops tight!)

Key G7 Support levels: 1.3750

Counter-trend opportunities: Sell 1.4000/1.4100

[newdigital]

Originally Posted by forex618

Daily Currency report for Friday February 16 2007

This is only a guide. Please refer to our specific entry signals for exact entries and stops.

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This Week's Economic Calendar
--------------------------------------------------------------------------------
Date ET Release For Actual Briefing.com Consensus Prior Revised From
Feb 12 14:00 Treasury Budget Jan $40.0B $40.0B $21.0B
Feb 13 08:30 Trade Balance Dec -$59.7B -$59.5B -$58.2B
Feb 14 08:30 Retail Sales Jan 0.5% 0.3% 0.9%
Feb 14 08:30 Retail Sales ex-auto Jan 0.6% 0.3% 1.0%
Feb 14 10:00 Business Inventories Dec -0.1% 0.4% 0.4%
Feb 14 10:30 Crude Inventories 02/09 NA NA -449K
Feb 15 08:30 Export Prices ex-ag. Jan NA NA 0.5%
Feb 15 08:30 Import Prices ex-oil Jan NA NA 0.4%
Feb 15 08:30 Initial Claims 02/10 310K NA 311K
Feb 15 08:30 NY Empire State Index Feb 10.0 11.0 9.1
Feb 15 09:00 Net Foreign Purchases Dec $60.0B $68.4B
Feb 15 09:15 Industrial Production Jan 0.1% 0.0% 0.4%
Feb 15 09:15 Capacity Utilization Jan 81.7% 81.7% 81.8%
Feb 15 12:00 Philadelphia Fed Feb 2.0 5.0 8.3
Feb 16 08:30 Housing Starts Jan 1590K 1610K 1642K
Feb 16 08:30 Building Permits Jan 1570K 1590K 1613K
Feb 16 08:30 PPI Jan -0.6% -0.6% 0.9%
Feb 16 08:30 Core PPI Jan 0.2% 0.2% 0.2%
Feb 16 10:00 Mich Sentiment-Prel. Feb 97.5 97.0 96.9

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EUR/USD

Weekly Trend direction: Bullish

Weekly trend reversal level: 1.2900

Support levels: 1.3050, 1.3000, 1.2950

Strategy: Whilst above the weekly trend reversal level, buy dips to support after an entry signal.

Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3600, the multi-year high, and possibly higher still, towards 1.4100.

Today: Very little change from yesterday as we hold nicely at the new breakout level and give little back to the market. There is still a chance that we may dip back to 1.3050, and even 1.3000, but this is becoming less likely, the longer we hold above 1.3100. Today, buy dips to 1.3050/60, stops below 1.3020. First target is 1.3150 and then 1.3300.

EUR/USD Hourly chart:

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