Daily Signals on 29th July 2008

EUR/USD Analysis

Based on this daily chart, we can see we already have a signal to buy because there are " 3 outside up" pattern but based on this 4H chart



we can see there are a resistance, so I think it's better to wait it break that resistance (1.5757)





Forecast



Day Trader : -

Swing Trader : Up





Recommendation



Day Trader : wait until it break 1.5757

Swing Trader : Buy but it's better to wait until it break 1.5757





USD/CHF



Analysis



Based on this daily chart, we have a good signal. it's already rebound from our channel resistance line. So I think it'll go down.



Forecast :



Day Trader : Down

Swing Trader : Down



Recommendations



Day Trader : Sell

Swing Trader : Sell





That's all. Happy Trading