Forex forecast for 16th June 2005

The 24-hrs forecast based trend chart gives the expected trend for day during the three different sessions -Japanese, European and US.

Intra-day forecast (GBP / USD - 16th Jun)
USD will become strong against other majors. GBP/USD will gradually become weak - Long term downward phase.
Early trading Hrs, GBP/USD will be very weak and volatility expected, will become weak during late GMT trading Hrs. GBP/USD shows support at 1.8156 closing will be weak.

spot- trade- clues
Buy GBP/USD during 08:00-09:00 GMT trading Hrs below 1.8156 level and sell GBP/USD during 20:00-21:00 GMT trading Hrs above 1.8387 level

Trade Signal - Trend and Timings
Trend for the day: Swings till 11:30 GMT and upward till day end with intermediary swing of 40-50 Pips
Timing:
Buy/Sell Time level/limit Stop Sell 01:30 PM 22-26 pips above Buy 08:30 PM Buy 08:30 PM 22-26 pips below Sell 14:00 PM Buy 14:00 PM 22-26 pips below Sell 21:00 PM Time - GMT Hrs , PM- Prevailing Market

This session trend: other majors are expected firm up VERY BIG......YOU CAN DO STRATEGIC BUY AND SELL TRADES IN THEM USING TRAILING STOP.....

SELL OTHER MAJORS ONLY DURING FIRMING UP MOVES NEAR HIGH SET FOR THE DAY USING ADVANCE HEDGING OR TRAILING STOP AND BUY NEAR THE LOW SET FOR THE DAY TO BOOK PROFIT AS DIRECTIONAL SWING TRADES .

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MARKET DIRECTION FOR THIS PHASE: OTHER MAJORS EXPECTED TO MAKE SWINGS UP AND CORRECT BIG
EXPECTED MARKET TREND FOR TODAY: other majors tend to make big swings and correct
TRADE RECOMMENDATION: wait to do directional swing trades with trailing stops
TIMINGS: view daily trend chart
LEVELS: view frequently updated STS, STA and FLT

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SESSION WISE SWINGS:
Early Japanese session - USD will be highly volatile with spike* Late Japanese session - highly volatile with spike* (00:30 - 07:00 GMT)

Early European session - USD will become highly volatile with spike Late European session highly volatile with spike (07:30 - 13:00 GMT)

Early US session - USD will become highly volatile with spike Late US session highly volatile with spike ( 13:30 - 20:30 GMT)

(* Green - move favoring USD / *Red - favoring other majors)...
please note the change in session timings.....
each session is of 7 hrs and 30 duration and they can be divided as early, mid and late each of 2 hrs and 30 min

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ALERTS for position trading:
EURO/USD- Euro is expected to swing big to correct big
GBP/USD - Cable is expected to swing big to correct big
USD/CHF - Swissy is expected to swing big to rise big
USD/JPY - Dollar yen expected to make big swings to rise big
AUD/USD - Aussie expected to swing big to correct big
USD/CAD - expected to make to big swings to rise big

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Sell/buy trade recommendations:
Currency
sell
buy
Stop/Adv. hedge

EURO/USD 1.2634-1.2689 1.2091 - 1.2006 1.2743/1.1978

GBP/USD 1.8478-1.8523 1.8187 - 1.7989 1.8567/1.7945

AUD/USD 0.7764-0.7792 0.7667 - 0.7553 0.7783/0.7512



Buy/sell trade recommendations:
Currency
buy
sell
Stop/Adv. hedge

USD/YEN 105.83-106.27 109.29-109.73 105.43/109.99

USD/CHF 1.2173-1.2287 1.2728-1.2796 1.2123/1.2843

USD/CAD 1.2316-1.2356 1.2617-1.2773 1.2275/1.2821


Entry is given as range and watch the market movement for 2 hrs to get the best possible levels - place stop at recommended level and try to move to the level of entry once the market move becomes favorable. Try to move stop further to protect the profit during retracement of level.

If the stop is triggered quickly then take reverse position and book quick profit to get back the loss on stop trigger and re-enter at higher recommended level- the directional trade.
You can trade with mental stop to avoid the market makers triggering the stops around that market level during stop hunting moves.

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Previous session moves and indications:operators are expected make volatile moves and rise more other majors to trap the short sellers...dips are buy opportunities in them to book profit during rise.........
Understanding the operators intention alone can make us to win in this game of forex trading....... the forecast gives the signals much in advance for you to understand the operators intention....