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Tuesday, February 28, 2012

Free Forex Trading Signals

Hello Traders,

Forex Signals & Analysis for 28th February 2012:

Short Term Signals:

Usd/Chf Buy at 0.8930/35 then 0.8900/05 then 0.8870/75, sell at 0.9030/35 then 0.9050/55 then 0.9095/00

Usd/Jpy Buy at 79.65/70 then 79.25/30 then 78.40/45, sell at 81.75/80 then 82.30/35 then 82.95/00

Euro/Usd Buy at 1.3330/35 then 1.3300/05 then 1.3235/40, sell at 1.3485/90 then 1.3525/30 then 1.3575/80

Gbp/Usd Buy at 1.5775/80 then 1.5750/55 then 1.5695/00, sell at 1.5895/00 then 1.5930/35 then 1.5965/70

Medium Term Daily Analysis:

Usd/Chf This pair is on downtrend, retracement at 0.9005/15, as swing sell with Tp1 low at 0.8970/75 Tp2 0.8930/35 Tp3 0.8900/05 Tp4 0.8870/75 while as breakout buy with Tp1 0.9030/35 Tp2 0.9050/55 Tp3 0.9095/00 Tp4 0.9120/30

Usd/Jpy This pair is on uptrend, retracement at 80.45/50, as swing buy with Tp1 High at 0.8165/75 Tp2 82.30/35 Tp3 82.95/00, while as breakout sell at 80.45/50 with Tp1 79.65/70 Tp2 79.25/30 Tp3 78.40/45

Euro/Usd This pair is on uptrend, retracement at 1.3370/80, as swing buy with Tp1 High at 1.3435/45 Tp2 1.3485/90 Tp3 1.3525/30 Tp4 1.3575/80 while as breakout sell at 1.3370/80 with Tp1 1.3330/35 Tp2 1.3300/05 Tp3 1.3235/40

Gbp/Usd This pair is on uptrend, retracement at 1.5805/15, as swing buy with Tp1 High at 1.5895/05 Tp2 1.5930/35 Tp3 1.5965/70 while as breakout sell at 1.5805/15 with Tp1 1.5775/80 Tp2 1.5750/55 Tp3 1.5695/00

Usd/Cad This pair is on uptrend, retracement at 0.9975/85, as swing buy with Tp1 High at 1.0045/50 Tp2 1.0075/80 Tp3 1.0105/10 while as breakout sell at 0.9975/85 with Tp1 0.9945/50 Tp2 0.9930/35 Tp3 0.9885/90

Nzd/Usd This pair is on uptrend, retracement at 0.8370/80, as swing buy with Tp1 high at 0.8405/10 Tp2 0.8450/55 Tp3 0.8475/80 Tp4 0.8530/35 while as breakout sell at 0.8370/80 with Tp1 0.8320/25 Tp2 0.8285/90 Tp3 0.8245/50

Euro/Chf This pair is on downtrend, retracement at 1.2050/55, as swing sell with Tp1 1.2040 Tp2 low at 1.2030/35(Buy) Tp3 1.2025/30(Buy), while as breakout buy at 1.2050/55 with Tp1 1.2060 Tp2 1.2065/70 Tp3 1.2080/85 Tp4 High at 1.2105/15

Gbp/Chf This pair is on downtrend, retracement at 1.4245/55, as swing sell with Tp1 low at 1.4175/85 Tp2 1.4150/55 Tp3 1.4110/15 while as breakout buy at 1.4245/55 with Tp1 1.4280/85 Tp2 1.4395/10 Tp3 1.4340/45 Tp4 1.4400/10

Euro/Gbp This pair is on uptrend, retracement at 0.8450/60, as swing buy with Tp1 High at 0.8495/00 Tp2 0.8510/15 Tp3 0.8530/35 while as breakout sell at 0.8450/60 with Tp1 0.8430/35 Tp2 0.8415/20 Tp3 0.8395/00

Aud/Usd This pair is on uptrend, retracement at 1.0720/30, as swing buy with Tp1 High at 1.0815/25 Tp2 1.0865/70 Tp3 1.0945/50 while as breakout sell at 1.0720/30 with Tp1 1.0645/50 Tp2 1.0595/00 Tp3 1.0540/45

Euro/Jpy This pair is on uptrend, retracement at 107.60/70, as swing buy with Tp1 High at 109.20/25 Tp2 110.10/15 Tp3 111.10/15 while as breakout sell at 107.60/70 with Tp1 106.35/40 Tp2 105.60/65 Tp3 104.00/05

Gbp/Jpy This pair is on uptrend, retracement at 127.20/30, as swing buy with Tp1 High at 128.90/00 Tp2 129.80/85 Tp3 130.85/90 while as breakout sell at 127.20/30 with Tp1 125.95/00 Tp2 125.25/30 Tp3 123.55/60

Gold is on uptrend, retracement at 1767/68, as swing buy with Tp1 High at 1780/81 Tp2 1787/88 Tp3 1795/96 while as breakout sell at 1767/68 with Tp1 1756/57 Tp2 1751/52 Tp3 1741/42

Oil is on uptrend, retracement at 107.80/85, as swing buy with Tp1 109.75/80 Tp2 110.70/75 Tp3 111.75/80 while as breakout sell at 107.80/85 with Tp1 106.40/45 Tp2 105.70/75 Tp3 104.25/30

We have Important News Releases today for the Dollar & Swiss Franc Currencies:

- US Core Durable Goods Orders: Buy Usd/Chf & Usd/Jpy if 0.2% or above while Buy Euro/Usd & Gbp/Usd if -0.8% or worse

- US CB Consumer Confidence: Buy Usd/Chf & Usd/Jpy if 65 or more while Buy Euro/Usd & Gbp/Usd if 61 or less

- CHF SNB Vice President Thomas Jordan would talk in later hours today, that must effect the Swiss Franc basically and Euro/Chf mainly. Might his talks come after an Intervention that might occur through the day?! I do not expect that but I expect Chf to weaken through the day and Euro/Chf to keep going up from current 1.2040/55 range to around 1.2080/85 but do not expect more than a target of 1.2100/15 before during or even after Jordan talks unless something really really important is said by Jordan or ofcourse if there's an Intervention case.

Have A Great Trading Day !!!
Malhar Takle 
Forex Trader and Indicator & EA programmer
For Best Indicators and EA's contact us at malharonaldo@gmail.com

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