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FOREX FORECAST & ANALYSIS Saturday, May 6, 2006 21:47 GMT Daily Report By J. Enrique Tolentino S. http://www.gcmreach.com Asia Session Open: Tactical Strategy for Monday May 8th, 2006: EUR/USD EUR Asian Session Expected Movement: Down Today's Trade Analysis: Euro broke 1.2690 resistance; but will not break 1.2785. So, as we have a HSL position in 1.2745, we’ll catch the imminent ST/RVSL ------------------------------------------------------------------------------------------- Supports: 1.2715/1.2680/1.2645 Resistances: 1.2785/1.2820/1.2855 ------------------------------------------------------------------------------------------- Plan: Place stop/re-entry HSL @ 1.2795, SL 1.2835, 4 ST RVSL toward 1.2515 initially Asia Session Open: Tactical Strategy for Monday May 8th, 2006: USD/JPY JPY Asian Session Expected Movement: Up Today's Trade Analysis: Yen wave counting have several approaches. We’ll try a mid-size entry @ 112.50 as only the break of 112.00 presagges fall to 111.25/10 -------------------------------------------------------------------------------------------- Supports: 112.35/112.05/111.70 Resistances: 113.00/113.40 /113.80 -------------------------------------------------------------------------------------------- Plan: Buy HSL 112.35, stop below 111.85, 4 ST/MT RVSL to 114.35/50 & 115.10/25-4 My Currency forecasts –a professional- grade advisory tool I previously reserved mostly for global forex professionals (Banks & financial companies, Brokerage & Trading houses, Mutual & Hedge Funds, investors and corporate companies), is now finally available to private individuals, FX traders and/or managed accounts. My approach to FX relies heavily on a combination of macro fundamentals and technical analysis in order to spot opportunities. Conceptual trading edge using a consistent approach, pattern recognition skills, innovative computerized asset management methodologies and a succesful proved system. We monitor global FX markets 24 hours a day, post 3 daily and 1 weekly updates, and as often as market action dictates special advises are sent. You get clear, labeled charts and "plain English" forecasts that keep you informed at a glance. For better stop-loss and take-profit control, you also get critical price levels that reinforce or negate the developing trends. My track record as Fx forecaster and currency management confirms my belief that technical and quantitative forecasting models, combined with market intelligence, experience and discipline, provide consistently superior risk management performance compared with other approaches. All my trades are based upon my unique technical software and the “sense-ability” to analyze and forecast foreign exchange markets. Sign up for one week free trial period sending your request at info@gcmreach.com for my complete service offered to regular clients. J. Enrique Tolentino S. CEO & Head Trader ceo@gcmreach.com Fx-charts.com Disclaimer: The information contained on this website is subject to change without notice, views and opinions expressed on fx-charts.com may be those of individual authors and may not necessarily be the views of fx-charts.com or its officers and employees, we make no claim to the accuracy or timeliness of any information contained herein. We recommend obtaining advice from a suitably qualified financial advisor before entering into any financial transactions or agreements. The use of this website constitutes acceptance of our privacy policy, disclaimer and terms of use. This website is available for information and educational purposes only. |
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