2nd Wave Up Stopped Australian Dolla Symbol: $AUD-CAD As of Aug-21-2009
Stop of 0.9017 was reached on Aug-21-2009. The second wave may be near completion. Look for a third wave to form soon. The support level of 0.9041 was broken when prices closed below the bottom pitchfork line. The market has dropped out of the current trading channel. Today's candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here! This trade gained 0.0072
Next Day Trading Range.. High: 0.9058 Low: 0.8984
Next Day Breakout Points High: 0.9094 Low: 0.8946
Price Projections....... 1st: 0.9499 2nd: 0.9767
Current Price Activity.. Open: 0.9042 High: 0.9056
Low: 0.8982 Close: 0.9022
2nd Wave Dn Short Br Pound/Austral Symbol: $GBP-AUD As of Aug-21-2009
Market has closed below the 1.9826 level. TRADERPRESIDENT: ==> Maintain short position. Stop at 2.0100. Wave 3 could drop down to 1.9108 or to 1.8390. Today's candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!
Next Day Trading Range.. High: 1.9934 Low: 1.9675
Next Day Breakout Points High: 2.0094 Low: 1.9576
Price Projections....... 1st: 1.9108 2nd: 1.8668
Current Price Activity.. Open: 1.9846 High: 1.9995
Low: 1.9736 Close: 1.9774
2nd Wave Dn Short British Pound/Ca Symbol: $GBP-CAD As of Aug-21-2009
On Aug-06-2009 a candlestick formation confirmed a sell signal. TRADERPRESIDENT: ==> Maintain short position. Stop at 1.8303. Wave 3 could drop down to 1.6739 or to 1.5761. Today's candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!
Next Day Trading Range.. High: 1.7953 Low: 1.7774
Next Day Breakout Points High: 1.8059 Low: 1.7701
Price Projections....... 1st: 1.6739 2nd: 1.6139
Current Price Activity.. Open: 1.7954 High: 1.7987
Low: 1.7808 Close: 1.7846
4th Wave Up Long British Pound/US Symbol: $GBP-USD As of Aug-21-2009
On Aug-18-2009 a candlestick formation confirmed a buy signal. TRADERPRESIDENT: ==> Maintain long position. Stop at 1.6275. Wave 5 could rise up to 1.7336 or to 1.7739. NOTE: A consolidation of price movement or a price correction may be underway.
Next Day Trading Range.. High: 1.6605 Low: 1.6400
Next Day Breakout Points High: 1.6717 Low: 1.6307
Price Projections....... 1st: 1.7336 2nd: 1.7739
Current Price Activity.. Open: 1.6500 High: 1.6623
Low: 1.6418 Close: 1.6494
2nd Wave Up Long Canadian Dollar/ Symbol: $CAD-JPY As of Aug-21-2009
On Aug-20-2009 a candlestick formation confirmed a buy signal. TRADERPRESIDENT: ==> Maintain long position. Stop at 84.3900. Wave 3 could rise up to 96.1700 or to 100.6464. Today's candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!
Next Day Trading Range.. High: 88.1300 Low: 85.9000
Next Day Breakout Points High: 89.0100 Low: 84.5500
Price Projections....... 1st: 96.1700 2nd: 100.6464
Current Price Activity.. Open: 86.5600 High: 87.6600
Low: 85.4300 Close: 87.2500
2nd Wave Up Long Euro/British Pou Symbol: $EUR-GBP As of Aug-21-2009
The 2nd wave is now complete. On Aug-19-2009 a buy signal was confirmed. TRADERPRESIDENT: ==> Maintain long position. The 3rd wave seems to be rising rather quickly. The resistance level of 0.8699 was broken on Aug-21-2009. Stop at 0.8522. Wave 3 could rise up to 0.8754 or to 0.8868. NOTE: Upward trend shows some strength with today's close above the upper pivot band. The CCI is above 100. This commodity or security is overbought at this time.TRENDLINE ALERT: Resistance level of 0.8643 was broken today. Look for a possible rise to the next resistance level.MONTHLY PIVOT ALERT: Resistance level of 0.8649 was broken today. When the monthly R1 ( resistance level 1 ) is broken - we can look for a possible rise to the monthly R2 ( resistance level 2).
Next Day Trading Range.. High: 0.8710 Low: 0.8639
Next Day Breakout Points High: 0.8740 Low: 0.8598
Price Projections....... 1st: 0.8754 2nd: 0.8868
Current Price Activity.. Open: 0.8633 High: 0.8700
Low: 0.8629 Close: 0.8679
2nd Wave Dn Short Euro/Canadian Do Symbol: $EUR-CAD As of Aug-21-2009
On Aug-20-2009 a candlestick formation confirmed a sell signal. TRADERPRESIDENT: ==> Maintain short position. Stop at 1.5698. Wave 3 could drop down to 1.4554 or to 1.3845. Today's candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!
Next Day Trading Range.. High: 1.5556 Low: 1.5430
Next Day Breakout Points High: 1.5619 Low: 1.5367
Price Projections....... 1st: 1.4554 2nd: 1.4119
Current Price Activity.. Open: 1.5497 High: 1.5557
Low: 1.5431 Close: 1.5492
2nd Wave Up Buy Euro/Japanese Ye Symbol: $EUR-JPY As of Aug-21-2009
A buy signal was confirmed when this contract closed above 135.2967 on Aug-21-2009. TRADERPRESIDENT: ==> Buy this contract at 135.8101 or better. Stop at 132.1800. Wave 3 could rise up to 143.8900 or to 148.3398. Today's candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here! TRENDLINE ALERT: Resistance level of 135.2561 was broken today. Look for a possible rise to the next resistance level.
Next Day Trading Range.. High: 136.2367 Low: 133.6567
Next Day Breakout Points High: 137.1433 Low: 131.9833
Price Projections....... 1st: 143.8900 2nd: 148.3398
Current Price Activity.. Open: 134.1900 High: 135.4700
Low: 132.8900 Close: 135.3300
4th Wave Up Long Euro/US Dollar Symbol: $EUR-USD As of Aug-21-2009
A buy signal was confirmed when this contract closed above 1.4205 on Aug-19-2009. TRADERPRESIDENT: ==> Maintain long position. Stop at 1.4045. Wave 5 could rise up to 1.4662 or to 1.4896. Today's candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!
Next Day Trading Range.. High: 1.4397 Low: 1.4227
Next Day Breakout Points High: 1.4472 Low: 1.4132
Price Projections....... 1st: 1.4662 2nd: 1.4896
Current Price Activity.. Open: 1.4245 High: 1.4377
Low: 1.4207 Close: 1.4322
2nd Wave Dn Short Silver 5000oz CB Symbol: ZI-065 As of Aug-21-2009
On Aug-14-2009 a candlestick formation confirmed a sell signal. TRADERPRESIDENT: ==> Maintain short position. Stop at 15.1740. Wave 3 could drop down to 11.3450 or to 8.9710. Today's candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here! TRENDLINE ALERT: Resistance level of 13.8863 was broken today. Look for a possible rise to the next resistance level.
Next Day Trading Range.. High: 14.3850 Low: 13.8470
Next Day Breakout Points High: 14.6080 Low: 13.5320
Price Projections....... 1st: 11.3450 2nd: 9.8900
Current Price Activity.. Open: 13.8670 High: 14.2930
Low: 13.7550 Close: 14.1620
2nd Wave Up Buy Swiss Franc/Japa Symbol: $CHF-JPY As of Aug-21-2009
A buy signal was confirmed when this contract closed above 89.1333 on Aug-21-2009. TRADERPRESIDENT: ==> Buy this contract at 89.2177 or better. Stop at 87.1500. Wave 3 could rise up to 93.8200 or to 96.3546. The market closed above the middle fibonacci fan line. Prices should find support on this middle fan line. Today's candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here! TRENDLINE ALERT: Resistance level of 88.9839 was broken today. Look for a possible rise to the next resistance level.
Next Day Trading Range.. High: 89.7900 Low: 88.1500
Next Day Breakout Points High: 90.4100 Low: 87.1300
Price Projections....... 1st: 93.8200 2nd: 96.3546
Current Price Activity.. Open: 88.5500 High: 89.3900
Low: 87.7500 Close: 89.1700
2nd Wave Dn Short US Dollar/Singap Symbol: $USD-SGD As of Aug-21-2009
A sell signal was confirmed when this contract closed below 1.4425 on Aug-20-2009. TRADERPRESIDENT: ==> Maintain short position. Stop at 1.4533. Wave 3 could drop down to 1.4157 or to 1.3924. Today's candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!
Next Day Trading Range.. High: 1.4449 Low: 1.4358
Next Day Breakout Points High: 1.4495 Low: 1.4313
Price Projections....... 1st: 1.4157 2nd: 1.4014
Current Price Activity.. Open: 1.4400 High: 1.4450
Low: 1.4359 Close: 1.4403
3rd Wave Dn Short US Dollar/Swiss Symbol: $USD-CHF As of Aug-21-2009
Market has closed below the 1.0622 level. TRADERPRESIDENT: ==> Maintain short position. Stop at 1.0865. Wave 3 could drop down to 1.0533 or to 1.0284. NOTE: Downward trend shows some strength with today's close below the lower pivot band. A divergence in the MACD indicator has been found. The current downward trend may soon correct or end. The CCI is below -100. This commodity or security is oversold at this time.
Next Day Trading Range.. High: 1.0643 Low: 1.0540
Next Day Breakout Points High: 1.0700 Low: 1.0494
Price Projections....... 1st: 1.0533 2nd: 1.0381
Current Price Activity.. Open: 1.0636 High: 1.0655
Low: 1.0552 Close: 1.0585