GBP-USD
Time: 00.01 Rate: 1.6408
Strategy: long/short
Daily time frame
The price now is at the resistance level of 1.6400, and after the Fibonacci retracement of 50 percent from the last continuous upward movement (broken blue). The break out of the price at this level and the trend line which connects between the last highs (red line) will most probably get to the level of approximately 1.67. The stop of the price in this area and the downward under the level of 1.6350 will most probably get to the level of approximately 1.6200.
As can be seen by the graph bellow:
4 hour time frame
Potential Trade
Long
Enter: 1.6435
Stop: 1.6220
First target: 1.6540
Second target: 1.6650
Short:
Enter: 1.6290
Stop: 1.6400
Target: 1.6200
As can be seen by the graph bellow:
EUR-USD
Time: 00.20 Rate: 1.4518
Strategy: long/short
Daily time frame
The price tries to break out the resistance level of 1.4520. If the resistance point will break out the upper side of the parallel upward channel (broken red) and there one will see how it will respond.
As can be seen by the graph bellow:
4 hour time frame
The price currently clashes at the last high resistance level 1.4520, if the price will break out the level of 1.4550 (the last high), most probably we will see it in the first level 1.46. If this level will resist it will retrace downward to the last continuous movement between 1.4400 and 1.43.
As can be seen by the graph bellow:
Important news for the 21.04.2011
Time: 11.00 EUR German Ifo Business Climate
Time: 11.30 GBP Retail Sales m/m
Time: 15.30 CAD Core Retail Sales m/m
Time: 15:30 USD Unemployment Claims
Time: 17:00 USD Phily Fed Manufacturing Index
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