Daily Market Review for the 28.04.2011

EUR/CHF

Time: 00.30  Rate: 1.2935

Strategy: long

Daily time frame

The price stopped the second time at the level of 1.2750 and the second time signaled major green candlestick. We believe that the break out of the price at the level of 1.3000-1.2970 will bring it to the level of 1.3200.

As can be seen by the graph bellow:

4 hour time frame

Potential trade

Long

Enter: 1.2985

Stop: 1.2725

Target: 1.3200

As can be seen by the graph bellow:

AUD/JPY

Time: 00.40  rate: 89.30

Strategy: long

Daily time frame

The price is about to get to the level of 90.00 the last highest level. The breakout of this will bring most probably to the level of 84.00.

As can be seen by the graph bellow:

 

4 hour time frame

In the daily market review of yesterday there were two options, one short under the level of 87.20 and one for long above the level of 88.60. The price broke out the level of 88.60 and upon our estimation it is one its way to the level of 90.70.

As can be seen by the graph bellow:

 

 

 

RISK DISCLAIMER

Forex trading involves high risk. Before any trade, you should consider carefully the investment objectives and the level of risk. The data sent by mail is not necessarily real-time data or precise. Real-Forex is not liable for the losses resulting from the utilization of the data. Real-Forex (Finnocorp Trading Solution Ltd

.) is not liable for losses or damages as a result of reliance on the information provided by e-mail or on the overall data, quotes, charts, signals buy / sell. It is hereby clarified that the investor must be aware of risks involved in trading in financial markets, which is a form of investment that may contain potential risks.

Real-Forex team

Trade like the pro’s with a true ECN Forex broker

FX_Trdr