Predictions For June 1 – 6, 2008

Now with considerably more detail!

EURUSD 1.5556 – BUY LIMIT @ 1.5483. T/P @ 1.5771. S/L 1.5350.
D- Small drop (2 weeks) and then coming back up
4H- On the way back up
15M- No strong signal

Support levels:
Upper:1.5771
Lower: 1.5483

Potential Gain: 288 pips
Potential Loss: 133 pips
____________________________________

USDJPY 105.41 – SELL. T/P 103.74. S/L 105.91.
D- Barely hit top and kept going
4H- Down
15M- Trading sideways

*Consider problem last week.

Support levels:
Upper: 105.01
Weak Lower: 103.41
Strong Lower: 103.74

Potential Gain: 167 pips
Potential Loss: 50 pips
____________________________________

USDCHF 1.0420 – SELL. T/P 1.0264. S/L 1.0542
D- Weak up
4H- STRONG downward pressure
15M- Appears oversold

Support levels:
Upper: 1.0630
Lower: 1.0264

Risking having this one stopped out to keep the win-loss ratio equal or higher. It is probably better to avoid this trade altogether.

Potential Gain: 156 pips
Potential Loss: 122 pips
____________________________________

USDCAD 0.9933 – BUY LIMIT @ 0.9849 T/P 0.9931 . S/L 0.9818
D- Going up
4H- Upwards, not quite overbought yet
15M- Slightly down

Support levels:
Upper: 1.0381
Lower: 0.9735
Potential Gain: 82 pips
Potential Loss: 31 pips
____________________________________

AUDUSD 0.9555 – SELL. T/P 0.9332. S/L 0.9662
D- Breakaway upward trend is diminishing and getting ready to turn
4H- Slight downwards
15M- Down immediately

Support levels:
Upper: Same as S/L
Lower: Same as T/P

Potential Gain: 223 pips
Potential Loss: 107 pips
____________________________________

GBPUSD 1.9807 – SELL. T/P 1.9727. S/L 1.9853
D- No strong trend, probably near the top
4H- 50/50
15M- Strong downwards trend in the short-term

Support levels:
Upper: 1.9853
Weak Lower: 1.9688
Strong Lower: 1.9727

Potential Gain: 80 pips
Potential Loss: 46 pips
____________________________________
____________________________________
____________________________________
End transmission XD
$€£¥

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~ by yarcofin on May 31, 2008.

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