by Elisha on August 28, 2008
Could this week be the end of US Dollar Rise?
We can see a good MACD divergence in 4 hour chart as shown above.
You might want to buy and put your stop loss at 1.8280. As long as price is above this stop loss, we see a good chance to say goodbye to the rise of US Dollar and prepare to reap a good harvest of the GBP/USD pair rise.
This is how we need to trade. Be patient and get the big move. Hopefully we see good price up in GBP/USD soon.
Take care and have a great forex trading week!
Previous US Dollar Forecast
by Elisha on August 17, 2008
After 2 weeks down tremendously. We see good chance of GBP/USD to rise.
Watch the price to retest the previous low at 1.8511.
Your profit target is 1.9300 level.
Let’s see what the market is doing.
Take care and God bless!
by Elisha on August 10, 2008
We see a great down in GBP/USD last week which was caused by 2 reasons:
1. The gas price was slashed down again and this pushed up US Dollar.
2. The small traders that chase after the US dollar trend and this is good for us as traders.
We can put our trade below 1.9200 today and set our stop loss at 1.9091 or we can put 50% trade right now and put another 50% trade in when price retest the previous low which is at 1.9123.
We should see our target hit at 1.9500 at least.
Be patient and see the market moves.
Have a great week of trading forex! 
God bless.
by Elisha on August 3, 2008
We saw a nice spike up for GBP/USD last week then price went down to today’s level.
It’s good indication for us to trade this pair. I see a good place to enter between 1.9730 to 1.9750.
GBP/USD will have a good up this week. First target at 1.9800 and second target at 1.9845.
As for stop loss, it’s still the same as last trade. Put your stop loss at 1.9720.
Another good pair to trade is USD/CHF. Now is the good time to enter at 1.0500 area. Price now is 1.0472. Profit target is at 1.0400 and stop loss at 1.0562.
Have a good week in trading forex!
by Elisha on August 1, 2008
Today, nonfarm payroll report will be coming coming up at 8.30am EST.
I expect that the Unemployment Rate will be increasing again this time. Economy is bad in US right now. This report may give a spike for all currency cross US dollar.
I expect US dollar value to be decreased.
Let’s watch the market!
God bless!
by Elisha on July 31, 2008
I still see that US Dollar is moving no way but south. The recent US Dollar rise is moved by the oil price decreased. That component is just a small part and a short term.
As a trader, you must observe the the news as well. The giant investors are going short for the US Dollar at least for the few weeks to come.
After 2 weeks of US Dollar rise, we expect to see the turnaround.
We see it is happening in US Dollar against Japanese Yen and US Dollar against Swiss Franc is about to move downward.
Other pairs like Pound Sterling vs US Dollar and Euro vs US Dollar is forming an upward turn now.
This is good for us in trading the forex.
Now we have this currency forecast, it’s time to trade in the right way. Remember that currency market is moving up and down every now and then. So, we can take advantage of this to take more profit.
In this case, we will buy dip in the up trend.
by Elisha on July 31, 2008
Today Forex Trading Signal for Pound Sterling as following:
Buy as price get into the area of 1.9755 to 1.9790 and put your stop loss at 1.9720.
The profit target would be at 1.9931.
Trade this as a medium term trade. Meaning that it could take up to 1 to 2 days to get into the target.
Remember to take profit along the way.
Take care and have a great forex trading day!
by Elisha on July 28, 2008
Today we will have 2 forex signals :
GBP/USD : Sold at 1.9935 and stop loss at 2.0005; Profit target at 1.9900.
USD/JPY : Bought at 107.42 and stop loss at 107.42; Profit target at 108.00.
You can just trade one. Maybe USD/JPY is more better for you.
We will see how price act.
Have a great forex trading day!
God bless!
by Elisha on July 20, 2008
Today Forex Signal for GBP/USD :
When GBP/USD price down to 1.9905, buy and put stop loss at 1.9875. Set your profit target at 1.9955.
GBP is stronger than USD now.
GBP/USD may go higher this week. Let’s watch the market!
God bless!
by Elisha on July 14, 2008
Update: Closed at 1.9977. Great pips!
The US economy is still weak and in fact it’s the beginning of going down south.
We will see the value of USD will be going down these few weeks. Let’s see what the market price tells us.
Bought at 1.9862 and stop loss at 1.9789. Set profit target at 2.0000.
God bless!
