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Saturday, June 18, 2005

Forex forecast for 20th June 2005

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Indices forecast
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 (EURO / USD - 20th Jun)
USD will become strong against other majors. EURO/USD will gradually become weak - Long term downward phase.
Early trading Hrs, EURO/USD will be weak and volatility expected, will become moderate during late GMT trading Hrs. EURO/USD shows support at 1.2234 closing will be moderate.

spot- trade- clues
Buy EURO/USD during 12:00-13:00 GMT trading Hrs below 1.2234 level and sell EURO/USD during 23:00-24:00 GMT trading Hrs above 1.2354 level

Trade Signal - Trend and Timings
Trend for the day: Swings till 12:30 GMT and upward till day end with intermediary swing of 35-45 Pips
Timing:

Buy/Sell Time level/limit Stop
Buy 04:00 PM 22-26 pips below
Sell 10:00 PM
Sell 10:00 PM 22-26 pips above
Buy 16:00 PM
Buy 16:00 PM 22-26 pips below
Sell 23:30 PM
Time - GMT Hrs , PM- Prevailing Market


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This session trend: other majors are expected firm up VERY BIG......happening.....further rise will lead to next trend reversal.......

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 1.2189 - 1.2006 1.2743/1.1978

GBP/USD 1.8478-1.8523 1.8217 - 1.7989 1.8567/1.7945

AUD/USD 0.7794-0.7843 0.7667 - 0.7553 0.7878/0.7512



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

USD/YEN 105.83-106.27 109.19-109.73 105.43/109.99

USD/CHF 1.2173-1.2287 1.2748-1.2796 1.2123/1.2843

USD/CAD 1.2266-1.2287 1.2617-1.2773 1.2222/1.2821


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.happening..now the operators will make quick rises to induce full short covering and turning long of the traders to make the next trend reversal correction expected from 27 Jun.....wait for the full rise to initiate short in them in your position trading.......
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....

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