Hello Traders,


Forex Signals & Analysis for 6th March 2012:


We have important news releases today for the Australian Dollar, Sterling & Canadian Dollar Currencies:


- RBA Rate Decision & Statement: Buy Aud/Usd if rate is raised to 4.5% or kept at 4.25% or/& statement is Hawkish while sell if rate in decreased to 4.00% or/& statement is dovish.

- Uk Halifax HPI: Buy Gbp/Usd if 0.5% or above while sell if 0.1% or below

- CAD Ivey PMI: Buy Usd/Cad if 59 or below while sell if 65 or above



Short Term Signals:

Usd/Chf Buy at 0.9085/90 then 0.9070/75 then 0.9040/45, sell at 0.9165/70 then 0.9185/90 then 0.9210/15

Usd/Jpy Buy at 81.00/05 then 80.80/85 then 80.45/50, sell at 82.00/05 then 82.20/25 then 82.60/65

Euro/Usd Buy at 1.3150/55 then 1.3120/25 then 1.3085/90, sell at 1.3260/65 then 1.3285/90 then 1.3330/35

Gbp/Usd Buy at 1.5785/90 then 1.5750/55 then 1.5715/20, sell at 1.5910/15 then 1.5930/35 then 1.5985/90



Medium Term Daily Analysis:

Usd/Chf This pair is on uptrend, retracement at 0.9100/10, as swing buy with Tp1 0.9165/70 Tp2 0.9185/90 Tp3 0.9210/15 while as breakout sell at 0.9100/10 with Tp1 0.9085/90 Tp2 0.9070/75 Tp3 0.9040/45

Usd/Jpy This pair is on uptrend, retracement at 81.35/40, as swing buy with Tp1 82.00/05 Tp2 82.20/25 Tp3 High at 82.60/65 while as breakout sell at 81.35/40 with Tp1 81.00/05 Tp2 80.80/85 Tp3 80.45/50

Euro/Usd This pair is on downtrend, retracement at 1.3245/55, as swing sell with Tp1 1.3150/55 Tp2 1.3120/25 Tp3 1.3085/90 while as breakout buy at 1.3245/55 with Tp1 1.3285/90 Tp2 1.3330/35 Tp3 1.3355/60

Gbp/Usd This pair is on downtrend, retracement at 1.5865/70, as swing sell with Tp1 1.5785/90 Tp2 1.5750/55 Tp3 1.5715/20 while as breakout buy at 1.5865/70 with Tp1 1.5910/15 Tp2 1.5930/35 Tp3 1.5985/90, (***Traders with swing sell opened order from yesterday stay on it, do not open new order because today retracement is at same price level)

Usd/Cad This pair is trying to base on uptrend, if bases above 0.9920/25 targetting Tp1 0.9985/90 Tp2 1.0000/05 Tp3 High at 1.0045/50 while as breakout sell at 0.9920/25 with Tp1 low at 0.9880/85 Tp2 0.9850/55 Tp3 0.9820/25

Nzd/Usd This pair is on downtrend, low resistance at 0.9220/25 break is to retracement at 0.8260/70, as swing sell with Tp1 low at 0.8220/25 Tp2 0.8150/55 Tp3 0.8130/35 Tp4 0.8060/65 while as breakout buy at 0.8260/70 with Tp1 0.8295/00 Tp2 0.8340/45 Tp3 0.8375/80

Euro/Chf This pair is moving sideways, buy at 1.2055/60 with Tp1 1.2065/70 Tp2 .2070/75 Tp3 1.2080/85 while sell at 1.2050 with Tp1 1.2045 Tp2 1.2040 Tp3 1.2035(This pair is not moving at all, I considered not posting an analysis for it till something Real Good Happen to move it a little bit than 10 pips per day..lol, anyway Traders must best consider buying on every move down and rely on 5 minute chart forthis purpose taking some 5 pip profit for each order as scalping would be only solution since no news nothing is making it move until SNB decide to make a move!)

Gbp/Chf This pair is on uptrend, retracement at 1.4440/50, as swing buy with Tp1 1.4500/05 Tp2 1.4515/20 Tp3 1.4545/50 Tp4 High at 1.4610/15 while as breakout sell at 1.4440/50 with Tp1 1.4425/30 Tp2 1.4405/10 Tp3 1.4385/90 Tp4 1.4335/45

Euro/Gbp This pair is on downtrend, retracement at 0.8340/45, as swing sell with Tp1 0.8310/15 Tp2 0.8300/05 Tp3 0.8285/90 Tp4 low at 0.8265/70 while as breakout buy at 0.8340/45 with Tp1 0.8355/60 Tp2 0.8365/70 Tp3 0.8375/80 Tp4 0.8400/05

Aud/Usd This pair is on downtrend, retracement at 1.0700/10, as swing sell with Tp1 low at 1.0620/25 Tp2 1.0600/05 Tp3 1.0550/55 while as breakout buy at 1.0700/10 with Tp1 1.0740/45 Tp2 1.0775/80 Tp3 High at 1.0805/15

Euro/Jpy This pair is on downtrend, retracement at 107.75/85, as swing sell with Tp1 106.85/90 Tp2 106.40/45 Tp3 105.95/00 while as breakout buy at 107.75/85 with Tp1 108.40/45 Tp2 108.70/75 Tp3 109.35/40

Gbp/Jpy This pair is on uptrend, retracement at 129.10/15, as swing buy with Tp1 130.15/20 Tp2 120.50/55 Tp3 High at 131.35/40 while as breakout sell at 129.10/15 with Tp1 128.15/20 Tp2 127.60/65 Tp3 127.05/10

Gold is on downtrend, retracement at 1712/13, as swing sell with Tp1 1689/90 Tp2 low at 1682/83 Tp3 1671/72 while as breakout buy at 1712/13 with Tp1 1721/22 Tp2 1728/29 Tp3 1740/41

Oil is on downtrend, retracement at 107.10/15, as swing sell with Tp1 105.50/55 Tp2 104.70/75 Tp3 103.95/00 while as breakout buy at 107.10/15 with Tp1 108.05/10 Tp2 108.55/60 Tp3 109.70/75

Have A Great Trading Day!
GOODLUCK!!!
MALHAR TAKLE
(forex trader & mql programmer)
Contact me for any help regarding EA and indicators at malharonaldo@gmail.com