Written by Admin Fx | 22 February 2012

EUR/JPY, EJ trade doing very well for you who stayed with it, it above 105.00 and up as high as 106.33 coming into resistance at 106.48. all you have to do is look at the charts plot your support and resistance on your trading platform, and lock profit withing the main area, As we said before for EJ if it breaks 103.00 it will be easy to reach 105.00 and above and it did, now your only job is to have patience an lock profit, every pip counts.3carts attached daily, weekly and monthly.

Written by Admin Fx | 21 February 2012

AUD/DKK ,Danish Krone, the extended leg up on the daily chart it went beyond the Fib level 1.618, normally as we explained before when there is an extended leg the market has reach the extreme and beyond in an up move this create a bearish formation and in a down move it creates a bullish formation, in our case here we have a bearish formation  is taking place on the daily chart, it has made a high and the high has been tested, the formation require the currency not to higher than 6.1740 as stop or a little higher not by much and on the way down we must break and stay under 5.846 to reach 2 targets 5.4835 and 8.3085, this is about 600 pips or more we looking for here, long position trades needs patience and as you all know most of our trades are position trades, looking to hit this one hard.

Written by Admin Fx | 21 February 2012

XAO ALL ORDINARIES,  las call was 4.259 must hold and from there we look for a target 1) 4.402 resistance line, well 4.259 held and the Inex has been up to 4.380 for 130 points since the trade call , now very close to out target 4.402 and you have to lock profit all the time, 3 charts attched daily, weekly and monthly..

Profit locked 130  points

Previous call

XAO ALL ORDINARIES INDEX,  broke out of the down trend triangle long time ago, reached as high as 4.472 and has been up and down since in consolidation range, making higher lows and same highs,, now it down to test support line at 4.259, if this line hold the target will be 4.402 resistance line as outlined on the chart, any violation of this line will change the outlook to the retest of 4.185, but must get back into the descending triangle outlined by the green lines..

Written by Admin Fx | 21 February 2012

EUR/NOIK, the currency has made its move last nigh, after consolidating for 2 days EUR/NOK has moved up as higj as 7.5342 for another 300 pips from what we have made out trade call, just keep an eye on it until we reach the final targets.

Target reached another 345 pips

Previous trade call

EUR/NOK, possible trade forming, daily chart the down move from the high of 7.8667 = A to 7.608 = B, retrace to .786 and down to and extended leg of the D ext and beyond, normally when this happen, bullish run appear for correction, the low to the left is 7.4874 and we can not go far under it , if it goes under it we wait for a bullish candle to start forming on the 4H, that is only if it goes there, to the upside you have to watch for 7.580 as target 1, 7.7220 as target 2, then we see from there. 3 charts attached daily, 4H and 1H

Written by Admin Fx | 21 February 2012

AUD/CHF ALL TARGETS HAS BEEN REACHED