Daily Market Review for the 27.04.2011

AUD/JPY

Time: 00.30 Rate: 87.95

Strategy: Long/short

Daily time frame

The price made a continuous upward movement (broken black line) and stopped at the level of 90.00 in the breakdown of the price level of 86.00, the first target is a retracement of a third of the level 84.10, the second target is a retracement of 50% of the level of 82.30, and the third target is a retracement of 61.8% of the level of 80.50. At the break out of the level 90.00 the target is the level of 84.00.

As can be seen in the graph bellow:


4 hour time frame

Potential trade

Long

Enter: 88.70

Stop: 87.10

Target: 90.70

Short

Enter: 87.15

Stop: 88.45

Target: 86.00

As can be seen by the graph bellow:


EUR/CHF

Time: 00.40 Rate: 1.2807

Strategy: short

Daily time frame

The price is situated under the moving average of the Bullinger (Bear market), we believe that the breakdown of the price of the support level 1.2730 will bring the price to the support level of 1.2480.

As can be seen by the graph bellow:


4 hour time frame

Potential trade

Short

Enter: 1.2720

Stop: 1.2990

Target: 1.2490

As can be seen by the graph bellow:


Important news for the 27.04.2011

Time: 09.30 GBP Prelim GDP q/q

Time: 13.30 USD Core durable goods orders m/m

Time: 17.30 USD FOMC Statement

Time: 17.30 USD Federal Funds Rate

Time: 19.15 USD FOMC Press Conference

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Real-Forex teamĀ 

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