rokoksalemFX

EUR - USD 1 MARCH 2010

2010-02-28T20:03:00.000-08:00

EURUSD attempted to push higher on Friday after failed to break below 1.3450 area (potential nearest term bottom), slipped above the minor bearish channel indicating potential upside correction especially if price able to break above 1.3690 targeting 1.3750 – 1.3850 resistance area . However the main trend should remain bearish and I still prefer a bearish scenario with sell on rallies strategy. The bias is neutral in nearest term.

11PIPS WITH ROKOKSALEM

BUY : 1.3643 ET /TP: 1.3654 SL: 50PIP

EUR - USD 24 FEB 2010 ( NOT TOUCH )

2010-02-23T18:56:00.000-08:00

The EURUSD attempted to push higher yesterday, topped at 1.3691 but further upside correction was rejected as price whipsawed to the downside, violated the minor bullish channel, bottomed at 1.3496 and closed at 1.3506. This fact as an ending to the bullish corrective movement at this phase and continue the bearish scenario with nearest technical target around 1.3400 – 1.3340 area.

11PIPS WITH ROKOKSALEM

SELL : 1.3633 ET /TP: 1.3622 SL: 50PIP

EUR - USD 23 FEB 2010 ( PROFIT )

2010-02-22T20:58:00.000-08:00

The EURUSD didn’t make significant movement yesterday. The main trend remains bearish but as you can see on my h1 char below price still move inside the minor bullish channel indicating the bullish corrective movement actually still intact with technical target around 1.3750 area but we need a consistent move above 1.3650 to continue the upside corrective movement. The bias is neutral in nearest term but I still prefer a bearish scenario as traders’ sentiment for Euro zone fundamental situation remains negative.

11PIPS WITH ROKOKSALEM

SELL : 1.3641 ET /TP: 1.3630 SL: 50PIP

EUR - USD 9 FEB 2010 ( PROFIT )

2010-02-08T19:30:00.000-08:00

The EURUSD made indecisive movement yesterday. Price attempted to push higher, topped at 1.3713 but closed lower at 1.3647. We have nothing significant so far and the market seems consolidating but still in a bearish scenario. However the hammer candlestick pattern I showed yesterday, remains indicating potential upside correction testing 1.3750 key resistance area and only a break below 1.3585 could cancel the bullish correction scenario, continue the bearish momentum targeting 1.3490 – 1.3400 area this week.

11PIPS WITH ROKOKSALEM

SELL : 1.3881 ET /TP: 1.3870 SL: 50PIP

EUR - USD 1 FEB 2010 ( PROFIT )

2010-01-31T20:57:00.000-08:00

The EURUSD continued its bearish momentum on Friday, bottomed at 1.3862 and closed at 1.3863. This fact should keep the bearish scenario intact testing 1.3750 key support area. Break below that area should trigger further weakness for the Euro targeting 1.3490 this week. However CCI just cross the -100 line up on h1 chart suggesting potential minor upside correction testing 1.3925/50 area. Break above that area should trigger further bullish correction towards 1.4000/30 area.

11PIPS WITH ROKOKSALEM

SELL : 1.3905 ET /TP: 1.3894 SL: 50PIP

EUR - USD 22 JAN 2010 ( LOSS )

2010-01-21T18:41:00.000-08:00

EURUSD continued its bearish momentum yesterday, bottomed at 1.4080 and closed at 1.4104. The combination of triangle and 1.4250 key support level breakdown produced significant power to the bearish pressure. The bias remains to the downside targeting 1.4000 psychological level. Break below that area should trigger further bearish scenario towards 1.3750 in longer term point of view. Immediate resistance at 1.4150. Break above that area should trigger further bullish correction testing 1.4250 area but I prefer a bearish scenario at this phase and stay with sell on the rallies strategy.

11PIPS WITH ROKOKSALEM

BUY : 1.4085 ET /TP: 1.4096 SL: 50PIP

EUR - USD 12 JAN 2010 ( PROFIT )

2010-01-11T20:28:00.000-08:00

As I had expected, the EURUSD had a bullish momentum yesterday after breakout from the range area, topped at 1.4555 and closed at 1.4513. However earlier today in Asian session price retreated lower, traded around 1.4490 , indicating limited bullish momentum so far. The bias is neutral in nearest term but the bullish scenario targeting 1.4600 remains intact as long as price stay above 1.4450 area. CCI just cross the 100 line down on h4 chart suggesting potential further downside pressure testing 1.4450.

11PIPS WITH ROKOKSALEM

BUY : 1.4428 ET /TP: 1.4439 SL: 50PIP

EUR - USD 11 JAN 2010 ( PROFIT )

2010-01-10T19:27:00.000-08:00

This currency had a significant bullish momentum on Friday after worse than expected US NFP number. Technically, price now not only break resistance 1 area (38.2% Fibo retracement), but has move to 50% Fibo retracement.

11PIPS WITH ROKOKSALEM

SELL : 1.4547 ET /TP: 1.4536 SL: 50PIP

EUR-USD 5 JAN 2009 ( PROFIT )

2010-01-04T21:04:00.000-08:00

The EURUSD still trapped in range area of 1.4450 – 1.4250 yesterday. I think the best strategy remains to short around 1.4450 or to long around 1.4250 with tight stop loss. Bullish scenario will be confirmed by a close above 1.4450 today targeting 1.4600 – 1.4800 this week while bearish confirmation will be confirmed by a close below 1.4250 targeting 1.4127 – 1.4000 area this week.

11PIPS WITH ROKOKSALEM

SELL : 1.4413 ET /TP: 1.4402 SL: 50PIP

EUR - USD 14 DEC 2009 ( PROFIT )

2009-12-13T17:54:00.000-08:00

nearest bearish target will be at 1.4450. A break below that area should trigger further weakness for the Euro towards 1.4250 area before aim for 1.4050 – 1.4000 area in longer term point of view. On the upside, resistance is seen around 1.4720 and 1.4820 area. Only break above 1.4820 area could be seen as bearish failure testing 1.4950 and 1.5140/50 area.

11PIPS WITH ROKOKSALEM

SELL : 1.4623 ET /TP: 1.4612 SL: 50PIP

EUR - USD 8 NOV 2009 ( PROFIT )

2009-12-07T22:25:00.000-08:00

The EURUSD had a significant technical movement yesterday by break below my major trendline support (red) as you can see on my h4 chart below. Price retreated to the upside, tested the trendline but able to stay below the trendline so far. The bias is neutral in nearest term as we still need consistent move below 1.4820/00 to continue the bearish scenario, but this fact indicating potential bullish failure and bearish reversal scenario towards 1.4700 and 1.4625 area. CCI just cross the -100 line up on h4 chart so watch out for potential upside pullback testing 1.4905 – 1.4950 resistance area.

11PIPS WITH ROKOKSALEM

SELL : 1.4825 ET /TP: 1.4814 SL: 50PIP

EUR - USD 07 DEC 2009 ( NOT TOUCH )

2009-12-06T16:50:00.000-08:00

The EURUSD had a significant bearish momentum after much better than expected employment data on Friday. US Non Farm Payroll made a huge surprise by fall only -11K in November while unemployment rate fall at 10%. Price bottomed at 1.4821 and closed at 1.4857. On daily chart below we can see that price slipped below my major trendline support indicating critical technical phase which could be a serious threat to the bullish outlook. However, note that we need a consistent move below the trendline support and 1.4820/00 key support level area to confirm bullish failure and begin the bearish reversal scenario towards 1.4625 and 1.4450 in the upcoming week. A failure to do so would surely keep the bullish scenario intact with 1.4950/20 area and 1.5140 resistance area to be tested.

11PIPS WITH ROKOKSALEM

SELL : 1.5017 ET /TP: 1.5006 SL: 50PIP

EUR - USD 4 DEC 2009 ( PROFIT )

2009-12-03T19:09:00.001-08:00

The EURUSD attempted to push higher yesterday, peaked at 1.5140 but further bullish momentum was rejected as the pair whipsawed to the downside, bottomed at 1.5037 and closed at 1.5053. The bullish scenario remains intact but price formed a double top formation around 1.5140 area indicating potential downside pullback testing 1.5000 – 1.4950/20 area. Break below 1.4950/20 area should trigger further bearish momentum retesting 1.4820 and the major trendline support area.

11PIPS WITH ROKOKSALEM

SELL : 1.5078 ET /TP: 1.5067 SL: 50PIP

EUR - USD 18 NOV 2009 ( PROFIT )

2009-11-17T19:54:00.000-08:00

The EURUSD had a significant bearish momentum yesterday, bottomed at 1.4807 but failed to stay below key support area 1.4820, closed higher at 1.4860 and traded around 1.4887. After failed to stay below 1.4820 yesterday, the pair bouncing to the upside with 1.4950 as potential resistance to be tested. Break above that area should trigger further bullish momentum testing the bearish channel. Bearish correction can only be canceled if the bearish channel violated to the upside.

11PIPS WITH ROKOKSALEM

BUY : 1.4841 ET /TP: 1.4852 SL: 50PIP

EUR - USD 12 NOV 2009 ( PROFIT )

2009-11-11T18:42:00.000-08:00

We have important news coming up TODAY, including US Unemployment claims.

Any bad or good news may push the currency pair accordingly.

While on the weekly chart we remain bullish, i am hesitant due to the strong resistance of 1.5060-80+ and the 1100 line for the S&P 500.

A failure to overcome this may encourage the bears to commence attacks on 1.5000 and after which the 1.4967+ area.

Volume may be thin after London’s closure as there is a bank holiday in US.

11PIPS WITH ROKOKSALEM

BUY : 1.4987 ET /TP: 1.4998 SL: 50PIP

EUR - USD 9 NOV 2009 ( NOT TOUCH )

2009-11-08T18:07:00.000-08:00

The EURUSD bullish momentum was paused after worse than expected NFP and unemployment numbers. The bullish scenario towards 1.5060 even 1.5300 remains intact. The false breakdown on Tuesday could potentially trigger significant bullish momentum.

11PIPS WITH ROKOKSALEM

BUY : 1.4881 ET /TP: 1.4892 SL: 50PIP

EUR - USD 29 OCT 2009 ( PROFIT )

2009-10-28T19:57:00.000-07:00

After violated the bullish channel the bearish momentum seems strong with technical target back towards 1.4500 area. The bias remains bearish in nearest term targeting 1.4580 area but once again, pay attention to the major trendline support.Break above that area should trigger further bullish pressure testing 1.4850 area and might be considered as potential end to the current bearish correction.

11PIPS WITH ROKOKSALEM

SELL : 1.4745 ET /TP: 1.4734 SL: 50PIP

EUR - USD 28 OCT 2009 ( NOT TOUCH )

2009-10-27T20:04:00.000-07:00

The EURUSD had a significant technical bearish movement yesterday, break below my key support level 1.4850, bottomed at 1.4769 and closed at 1.4805. This fact should open the door for further bearish momentum towards 1.4670 area. The bias remains bearish in nearest term. 1.4850 area now become immediate resistance.

11PIPS WITH ROKOKSALEM

SELL : 1.897 ET /TP: 1.4886 SL: 50PIP

EUR - USD 26 OCT 2009 ( PROFIT )

2009-10-25T20:10:00.000-07:00

The EURUSD bullish momentum was paused on Friday. This may caused by a profit-taking activity on the weekend but some people, including me, start to worry about potential downside correction or even a bearish reversal.We seem to have a downside pressure as price now testing the lower line of the bullish channel which has been a good support so far. Although not automatically set up a bearish reversal scenario since false breakout/down do happen, a violation to the downside of the bullish channel could be a serious threat to my bullish outlook testing 1.4920 even key support level 1.4850 area.

11PIPS WITH ROKOKSALEM

BUY : 1.5013 ET /TP: 1.5024SL: 50PIP

EUR - USD 23 OCT 2009 ( PROFIT )

2009-10-22T20:44:00.000-07:00

The EURUSD attempted to push lower yesterday but found support at 1.4943, whipsawed to the upside, topped at 1.5037 and closed at 1.5025, indicating bullish momentum remains strong and downside corrections might be over at this phase.

11PIPS WITH ROKOKSALEM

BUY : 1.5005 ET /TP: 1.5016 SL: 50PIP

EUR - USD 21 OCT 2009 ( PROFIT )

2009-10-20T18:39:00.000-07:00

It seems as though the markets are not bothered by the decline in the USD, finding comfort in official statements that the decline in the greenback has been orderly and not rapid. This leaves room for additional weakness, with equities at yearly highs and commodities also surging.

11PIPS WITH ROKOKSALEM

BUY : 1.4888 ET /TP: 1.4899 SL: 50PIP

EUR - USD 14 OCT 2009 ( PROFIT )

2009-10-13T20:16:00.000-07:00

The EURUSD continue it’s bullish momentum yesterday, topped at 1.4874 and closed at 1.4851. As you might already know, 1.4850 – 1.4950 area is a very important area for me since I believe any reactions around that area determine whether we will continue the bullish at least towards 1.5300 even 1.6000 area or a bearish reversal back towards 1.4000 area.

11PIPS WITH ROKOKSALEM

SELL : 1.4898 ET /TP: 1.4887 SL: 50PIP

EUR - USD 14 OCT 2009 ( NOT TOUCH )

2009-10-12T21:07:00.000-07:00

The EURUSD had had a bullish momentum yesterday, topped at 1.4812 and closed at 1.4776. Although the nearest term bias should remains bullish, actually my medium term outlook remains neutral as the pair still move below 1.4850 key resistance area.

11PIPS WITH ROKOKSALEM

BUY : 1.4755 ET /TP: 1.4766 SL: 50PIP

EUR - USD 12 OCT 2009 ( PROFIT )

2009-10-11T20:53:00.000-07:00

The EURUSD made another downside correction on Friday.Price is now moving in a bearish channel indicating that the bearish correction remains intact. Only a violation to the bearish channel should continue further bullish momentum re-testing 1.4850. Immediate support at 1.4688/50 area, which is my key support level for today and I will be watching any reaction around that area before make any decision.

11PIPS WITH ROKOKSALEM

SELL : 1.4723 ET /TP: 1.4712 SL: 50PIP

EUR - USD 8 OCT 2009 ( PROFIT )

2009-10-06T21:05:00.000-07:00

The EURUSD continued it’s bullish momentum yesterday, topped at 1.4761 and closed at 1.4721.The bias is neutral in nearest term and we might see some downside correction today, but the bullish scenario with 1.4850 as potential target especially if price break above 1.4761 area remains intact. However do not rush buying now. CCI heading down towards -100 line on h1 chart and price pullback after touch 1.4761 so watch out for potential downside correction testing 1.4695 – 1.4650 support area.

11PIPS WITH ROKOKSALEM

SELL : 1.4721 ET /TP: 1.4710 SL: 50PIP

EUR - USD 6 OCT 2009 ( PROFIT )

2009-10-05T18:48:00.000-07:00

FXstreet.com (Buenos Aires) ? EUR/USD Current Price: 1.4660. Quoting around key 1.4660 resistance area pair regained the upside slowly, following gold prices that closed the American session above $ 1015/oz. Nikkei opening up 0.7% support the bullish bias, thus market likely remain slow ahead of RBA decision.

11PIPS WITH ROKOKSALEM

SELL : 1.4704 ET /TP: 1.4693 SL: 50PIP

EUR - USD 30 SEPTEMBER 2009 ( PROFIT )

2009-09-29T19:12:00.000-07:00

The EURUSD attempted to push lower yesterday, bottomed at 1.4527 but closed higher at 1.4583. Although bearish correction seems limited now, on h4 chart below we still have a valid bearish channel and the pair still able to move below 1.4595 for now, indicating bearish correction remains valid testing 1.4440 area.

11PIPS WITH ROKOKSALEM

SELL : 1.4647 ET /TP: 1.4636 SL: 50PIP

EUR - USD 15 SEPTEMBER 2009 ( LOSS )

2009-09-14T18:32:00.000-07:00

Pivot: 1.4575

Our preference: Long positions above 1.4575 with targets @ 1.4655 & 1.4725 in extension.

Alternative scenario: Below 1.4575 look for further downside with 1.4515 & 1.446 as targets.

Comment: the pair has validated a bullish flag pattern.

Key levels
1.475
1.4725
1.4655
1.4625 last
1.4575
1.4515
1.446

11PIPS WITH ROKOKSALEM

SELL : 1.4599 ET /TP: 1.4588 SL: 50PIP

EUR - USD 8 SEPT 2009 ( PROFIT )

2009-09-07T20:54:00.000-07:00

Pivot: 1.4285

Our preference: Long positions above 1.4285 with targets @ 1.4375 & 1.441 in extension.

Alternative scenario: Below 1.4285 look for further downside with 1.426 & 1.422 as targets.

Comment: the pair is on the upside and is challenging its MT declining trend line, the RSI is mixed to bullish.

Key levels
1.4425
1.441
1.4375
1.4338 last
1.4285
1.426
1.422

11PIPS WITH ROKOKSALEM

BUY : 1.4351 ET /TP: 1.4362 SL: 50PIP

EUR - USD 4 SEPTEMBER 2009 ( PROFIT )

2009-09-03T20:39:00.000-07:00

Pivot: 1.4325

Our preference: Short positions below 1.4325 with targets @ 1.423 & 1.4195 in extension.

Alternative scenario: Above 1.4325 look for further upside with 1.4375 & 1.44 as targets.

Comment: the RSI broke below a rising trend line.

Key levels
1.44
1.4375
1.4325
1.4259 last
1.423
1.4195
1.415

11PIPS WITH ROKOKSALEM

BUY : 1.4249 ET /TP: 1.4260 SL: 50PIP

EUR - USD 2 SEPTEMBER 2009 ( LOSS )

2009-09-01T17:13:00.000-07:00

Pivot: 1.4275

Our preference: Short positions below 1.4275 with targets @ 1.4175 & 1.4125 in extension.

Alternative scenario: Above 1.4275 look for further upside with 1.43 & 1.4345 as targets.

Comment: the RSI is badly directed.

Key levels
1.4345
1.43
1.4275
1.4215 last
1.4175
1.4125
1.4075

11PIPS WITH ROKOKSALEM

SELL : 1.4199 ET /TP: 1.4188 SL: 50PIP

EUR - USD 1 SEPTEMBER 2009 ( NOT TOUCH )

2009-08-31T16:50:00.000-07:00

The S&P fell 0.81% on Monday as investors dutifully reacted to the Chinese benchmark’s 6.7% plunge. However, most concerning was that the fall came on relatively good news; the Institute for Supply Management-Chicago said today its business barometer increased to 50, the highest level since September 2008 while the employment component increased to 38.7 from 35.3.

11PIPS WITH ROKOKSALEM

SELL : 1.4381 ET /TP: 1.4370 SL: 50PIP

EUR - USD 17 AUGUST 2009 ( RESULT PROFIT )

2009-08-16T20:45:00.000-07:00

The EURUSD failed to continue it’s bullish momentum on Friday. On h4 chart below we can see that the upside momentum was rejected by the trendline resistance, bottomed at 1.4159 and closed at 1.4201 and now reverse, testing the trendline support.

11PIPS WITH ROKOKSALEM

BUY/LONG : 1.4163 ET /TP: 1.4174 SL: 50PIP

EUR - USD 13 AUGUST 2009 ( RESULT PROFIT )

2009-08-12T17:24:00.000-07:00

The EURUSD made indecisive movement yesterday, by opened and closed at almost the same price, formed a Doji on daily chart. The market is likely to wait for FMOC meeting tomorrow regarding rate decision and quantitative easing program before making the next steps. The Fed is expected to keep the rate at 0.25% and keep it’s 1.75T asset purchase program.

11PIPS WITH ROKOKSALEM

BUY/LONG : 1.4187 ET /TP: 1.4198 SL: 50PIP

EUR - USD 10 AUGUST 2009 ( RESULT PROFIT )

2009-08-09T18:24:00.000-07:00

The EURUSD fell significantly after surprising better than expected NFP and Unemployment rate yesterday. The risk appetite, which I expected to drive the market and bring the pair to further bullish momentum/continuation if we have positive reading of those data, did not happen. The pair dropped sharply hit 1.4153 and closed at 1.4182.

11PIPS WITH ROKOKSALEM

SELL/SHORT : 1.4179 ET /TP: 1.4168 SL: 50PIP

EUR - USD 6 AUGUST 2009 ( RESULT PROFIT )

2009-08-05T19:21:00.000-07:00

The EURUSD continued to consolidate in range bound area yesterday, as you can see on h4 chart below. It is clear that the market need significant fundamental catalyst to make a break on either side. Today we will have ECB rate decision which expected to keep rate at 1%. However I think the market will focus more to ECB press conference regarding overall monetary policy and Euro economy outlook. Given the facts that investors may begin to have growing optimism about world economy recovery but no signs of a strong recovery in the Euro, the ECB statement is likely to be “flat”.

11PIPS WITH ROKOKSALEM

BUY/LONG : 1.4423 ET /TP: 1.4433 SL: 50PIP

EUR - USD 29 JULY 2009 ( RESULT PROFIT )

2009-07-28T18:53:00.000-07:00

The EURUSD failed to continue bullish momentum yesterday. The pair attempted to push higher, topped at 1.4303 but further bullish scenario was rejected as the pair whipsawed to the downside, hit bottom at 1.4130 and closed at 1.4171.

11PIPS WITH ROKOKSALEM

SHORT/SELL : 1.4175 ET /TP: 1.4186 SL: 50PIP

EUR - USD 27 JULY 2009 ( RESULT LOSS )

2009-07-26T18:46:00.000-07:00

On h4 chart below we have a rising wedge formation suggests a potential further downside momentum especially if the rising wedge violated to the downside. The bias is bearish in nearest term but remains unclear in medium term. Immediate support at 1.4148.

11PIPS WITH ROKOKSALEM

SHORT/SELL : 1.4225 ET /TP: 1.4216 SL: 50PIP

EUR - USD 21 JULY 2009 ( RESUT PROFIT )

2009-07-20T20:10:00.000-07:00

The EURUSD had a bullish momentum yesterday. On daily chart below we can see that the price was convincingly break above the upper line of the triangle and consistently move above 1.4176.

11PIPS WITH ROKOKSALEM

SHORT/SELL : 1.4239 ET /TP: 1.4228 SL: 50PIP

EUR - USD 15 JULY 2009 ( RESULT LOSS )

2009-07-14T20:26:00.000-07:00

The EURUSD didn’t make significant movement yesterday. The pair attempted to push lower, bottomed at 1.3910 but closed higher at 1.3970.On the upside, we know that 1.4050/70 area has been a strong resistance since last week but remains a potential area to be tested. For today, expect a ranging market between 1.4050 and 1.3850. Break above 1.4050/70 area should trigger further bullish momentum re-testing 1.4176.

11PIPS WITH ROKOKSALEM

SHORT/SELL : 1.3990 ET /TP: 1.3979 SL: 50PIP

EUR - USD 7 JULY 2009 ( RESULT PROFIT )

2009-07-06T18:35:00.000-07:00

The EURUSD attempted to push lower yesterday, bottomed at 1.3878 but further downside scenario was rejected as the pair closed higher at 1.3982. The bias is neutral in nearest term .

11PIPS WITH ROKOKSALEM

SHORT/SELL : 1.3962 ET /TP: 1.3952 SL: 50PIP

EUR - USD 3 JULY 2009 ( RESULT LOSS )

2009-07-02T20:39:00.000-07:00

The EURUSD failed to continue it’s bullish momentum yesterday. The pair was unable to stay above 1.4176 area bottomed at 1.3988 and closed at 1.4002. The Greenback was in fact supported by risk aversion following worse than expected NFP data. Technically on h4 chart below, the trendline support has been violated to the downside indicating potential bearish outlook.

11PIPS WITH ROKOKSALEM

SHORT/SELL : 1.3984 ET /TP: 1.3973 SL: 50PIP

EUR - USD 1 JULY 2009 ( RESULT PROFIT)

2009-06-30T17:04:00.000-07:00

On h4 chart below we still have valid trendline support and as long as the trendline support hold, the key resistance level 1.4176 area remains potential upside target. The bias remains neutral both in nearest and medium term.

11PIPS WITH ROKOKSALEM

SHORT/SELL : 1.4016 ET /TP: 1.4005 SL: 50PIP

EUR - USD 30 JUNE 2009 ( RESULT PROFIT )

2009-06-29T17:36:00.000-07:00

Short-term (H1 & below) we are in a correction since 1.4117, however the current move needs serious confirmation lower & before that happens a test of 1.4170-1.4200 is probable. The 1.42 area is a major crossroad on my charts, since it is here that the mid-term & the long-term scenarios collide.

11PIPS WITH ROKOKSALEM

SHORT/SELL : 1.4083 ET /TP: 1.4094 SL: 50PIP

EUR - USD 25 JUNE 2009 ( RESULT PROFIT )

2009-06-24T19:26:00.000-07:00

The EURUSD failed to continue it’s bullish momentum yesterday. The pair attempted to push higher, topped at 1.4136 but further bullish scenario was rejected as the pair whipsawed to the downside, bottomed at 1.3888 and closed at 1.3927. On h4 chart below we can see that the pair now is re-testing the trendline support area. Break below the trendline support should trigger further bearish momentum re-testing 1.3750 key support area.

11PIPS WITH ROKOKSALEM

SHORT/SELL : 1.3908 ET /TP: 1.39 97 SL: 50PIP

EUR - USD 23 JUNE 2009 ( RESULT PROFIT )

2009-06-22T17:23:00.000-07:00

The EURUSD had a bearish momentum yesterday. The pair bottomed at 1.3826 and closed at 1.3864. The bias remains neutral in nearest term but we might have another downside momentum.

11PIPS WITH ROKOKSALEM

SELL/SHORT : 1.3846 ET /TP: 1.3835 SL: 50PIP

EUR - USD 19 JUNE 2009 ( RESULT PROFIT )

2009-06-18T19:17:00.000-07:00

The EURUSD had a moderate bearish momentum yesterday. The pair attempted to push higher, topped at 1.4000 but closed lower at 1.3898. On h1 chart below we still have a valid minor bullish channel but bullish scenario is not confirmed yet as long as the trendline resistance hold.

11PIPS WITH ROKOKSALEM

SHORT/SELL : 1.3879 ET /TP: 1.3868 SL: 50PIP

EUR - USD 18 JUNE 2009 ( RESULT PROFIT )

2009-06-17T21:26:00.000-07:00

The EURUSD had a bullish momentum yesterday. I think the situation is a little bit tricky right now and we must be very very patient. While “head and shoulders” bearish scenario seems to diminish since failure to move consistently below the neckline, a “flag” formation appear on daily chart suggesting bullish continuation scenario.

11PIPS WITH ROKOKSALEM

SELL/SHORT : 1.3921 ET /TP: 1.3910 SL: 50PIP

EUR - USD 18 JUNE 2009 ( RESULT PROFIT )

2009-06-16T21:40:00.000-07:00

The EURUSD didn’t make significant movement yesterday. The pair attempted to push lower, bottomed at 1.3747 but further bearish momentum was rejected as the price whipsawed to the upside, top at 1.3930 but closed lower at 1.3857.

11PIPS WITH ROKOKSALEM

BUT/LONG : 1.3858 ET /TP: 1.3869 SL: 50PIP

EUR - USD 9 JUNE 2009 ( RESULT PROFIT )

2009-06-09T01:16:00.000-07:00

The downside penetration of 1.382 will call for a slide towards 1.379 & 1.3745.

Comment: the RSI is turning up, the pair should rebound on its strong support.

Trend: ST Ltd Upside; MT Range

Key levels Comment

1.401** Intraday resistance
1.3975** Intraday resistance
1.3925** Intraday resistance
1.3875 Last
1.382** Intraday pivot point
1.379** Intraday support
1.3745** Intraday support

11PIPS WITH ROKOKSALEM

SELL/SHORT : 1.3880 ET /TP: 1.3869 SL: 50PIP

EUR - USD 2 JUNE 2009 ( RESULT PROFIT )

2009-06-02T21:47:00.000-07:00

Pivot: 1.425

Our preference: Going to see Short signal

Alternative scenario: Below 1.425 look for further downside with 1.4205 & 1.41 as targets.

Comments: the RSI is well directed.

11PIPS WITH ROKOKSALEM

SELL/SHORT : 1.4322 ET /TP: 1.4311 SL: 50PIP

EUR - USD 25 MAY 2009 ( RESULT PROFIT )

2009-05-24T19:09:00.000-07:00

Continuing to target the top of the channel off the Mar 5 lows at 1.4310 for this move. I do not expect to see the market back below 1.3730 this week and would add to longs at 1.3840. Daily and weekly techs approaching overbought but not enough to stop the move higher yet. Opened above, held above and closed above 200 week MA last week, first time since Dec 08.

11PIPS WITH ROKOKSALEM

BUY/LONG : 1.4000 ET /TP: 1.4011 SL: 50PIP

EUR - USD 21 MAY 2009 ( RESULT NOT TOUCH )

2009-05-20T21:21:00.000-07:00

Break and NY close above 1.3740 is a bullish sign, stops on longs best left kept below 1.3720 for now. Look to add to longs ahead of 1.3720 and buy again ahead of 1.3550 should we see such a retracement. Overall direction will remain up with levels above 1.40 expected while we remain above 1.3400 with the 200 day MA expected to provide support at 1.3405.

11PIPS WITH ROKOKSALEM

SELL/SHORT : 1.3710 ET /TP: 1.3699 SL: 50PIP

EUR - USD 19 MAY 2009 ( RESULT PROFIT )

2009-05-19T18:21:00.000-07:00

Also sell ahead of 1.3690 with a stop and reverse above 1.3740. With daily momentum starting to increase we could see a break above 1.3725 which would open the way for a move to 1.40+ levels. While we remain below 1.3725 the possibility of a dip back towards the 200 day MA exists and buying ahead of this level is suggested.

11PIPS WITH ROKOKSALEM

BUT/LONG : 1.3630 ET /TP: 1.3641 SL: 50PIP

EUR - USD 18 MAY 2009 ( TARGET NOT TOUCH )

2009-05-18T19:24:00.000-07:00

The pairing stalled around 1.3425 in Asia yesterday, just short of the 200 day M/A and then steadily climbed to 1.3560/65 overnight, which remains under pressure. The daily studies are bearish, heading lower from overbought levels and the significant double top in the 1.3725/35 area suggests a deeper correction lower. We will hold the trade.

11PIPS WITH ROKOKSALEM

SELL/SHORT : 1.3495 ET /TP: 1.3484 SL: 50PIP

EUR - USD 14 MAY 2009 ( RESULT PROFIT )

2009-05-14T21:00:00.000-07:00

The EUR/USD has traded in a tight 1.3618/1.3650 range this morning in Asia, with the high seen just prior to the Tokyo fix and then the pairing slipped to the low, as U.S. names sold and now consolidates mid range. The hourly technical momentum studies were overbought at the open and have now reset to neutral levels during this period of tight range trading, while the Nikkei is extending gains and currently trades up 1.66%, which should provide underlying support. We look for further range trading this afternoon with an upward bias. Resistance starts at last night"s 1.3665/70 high, with Wednesday"s trend high behind at 1.3720/25, while support comes in at 1.3520/25, yesterday"s low and the 10 day moving average that has held on this move up. The EUR/USD trades 1.3632/37.

11PIPS WITH ROKOKSALEM

SELL/SHORT : 1.3589 ET /TP: 1.3578 SL: 50PIP

EUR - USD 13 MAY 2009 ( RESULT LOSS )

2009-05-13T08:07:00.000-07:00

US Business Inventory data is being digested, with EUR/USD sagging to a fresh 1.3567 low into the release. Support into 1.3550 remains key to the constructive nature of the price, with any break below here removing the potential viability of a push towards the 1.3750 option barriers in the medium-term.

11PIPS WITH ROKOKSALEM

SELL/SHORT : 1.3619 ET /TP: 1.3608 SL: 50PIP

EUR - USD 6 MAY 2009 ( RESULT PROFIT )

2009-05-05T17:49:00.000-07:00

EUR/USD opened New York around 1.3395 on the rebound from 1.3323 lows overnight. The pair surged on a topside probe for option barriers, 1.3439 purportedly the peak, rumours were of 1.3440 barriers, others reckoned the real level was 50 but the defenders weren"t taking any chances. European PMI data was at the low end of expectations at -0.7 m-on-m and should have weighed on the single currency, but there was a strong negative sentiment toward the USD going into the open, and that"s why the rally emerged. Equity markets had rebounded on the details of UBS" results (expense cutting) and shrugged off the almost $2bn qtly loss. Talk that 10 banks on the stress test list need fresh capital, conflicting price action in gold vs equities, all weighed on sentiment. EUR/USD sold off, partially due to topside failure, profit taking, but also vulnerable stops - the latter triggered at 1.3320 and 1.3300 forced 1,3280 lows; the close 1.3340 with US equities down 0.2/0.55%.

11PIPS WITH ROKOKSALEM

BUY/LONG : 1.3368 ET /TP: 1.3379 SL: 50PIP

EUR - USD 5 MAY 2009 ( RESULT PROFIT )

2009-05-04T18:17:00.000-07:00

Expect the 1.3200 level to support any dips and look to buy here with stops below 1.3120. The EURO still needs to take out the 200day MA at 1.3515 and above there targets 1.3742. 5/15 day MA crossover remains bullish. Channel support off Mar 5 low projects an upper limit at 1.4130 currently. Something to keep in the back of your mind.

11PIPS WITH ROKOKSALEM

BUY/LONG : 1.3327 ET /TP: 1.3316 SL: 50PIP

EUR - USD 1 MEI 2009 ( RESULT PROFIT )

2009-04-30T17:54:00.000-07:00

we had our first breach of the channel res off Dec 16 highs, albeit unsustained. We are looking for the 1.3130 level to hold any pullbacks with a hold above here keeping the path clear for a move to retest the important 1.3410 level. A break above here opens the way for the move to 1.3750.

11PIPS WITH ROKOKSALEM

BUY/LONG : 1.3288 ET /TP: 1.3300 SL: 50PIP

EUR - USD 23 APRIL 2009 ( RESULT PROFIT )

2009-04-22T19:45:00.000-07:00

After touching 1.2885 overnight the price rebounded to 1.3038, stopping our short trade and recording a bulliish key day reversal. The price leaves the oversold daily studies forming a base, with the stochastic poised for a bullish cross. Our bias is for a stronger corrective bounce, while 1.2885 holds. Hourlies are neutral.

11PIPS WITH ROKOKSALEM

SELL/SHORT : 1.2976 ET /TP: 1.2965 SL: 50PIP

EUR - USD 20 APRIL 2009 ( RESULT PROFIT )

2009-04-19T21:27:00.000-07:00

The EUR/USD briefly recovered to 1.3000 after bids ahead of 1.2950 discouraged attempts to trigger more stops below 1.2940. Traders say that steady EUR/JPY selling flows are still weighing on the EUR/USD with the cross just above the day"s 128.15 low. Key support for the EUR/USD is found at the 61.8 fibo of the 1.2455/1.3735 move at 1.2945 and a break below that level targets the March 16 low around 1.2835. The EUR/USD trades 1.2995/1.3000.

11PIPS WITH ROKOKSALEM

SELL/SHORT : 1.3055 ET /TP: 1.3044 SL: 50PIP

EUR - CHF 15 APRIL 2009 ( RESULT PROFIT )

2009-04-14T19:57:00.000-07:00

Broad range trading is still the dominant theme at the moment where the daily timeframe is concerned. Given the overall downward slope of the recent daily pattern, though, we"d tend to expect and eventual downside resolution.

11PIPS WITH ROKOKSALEM

SELL/SHORT : 1.5077 ET /TP: 1.5066 SL: 50PIP

GBP - USD 14 APRIL 2009 ( RESULT PROFIT )

2009-04-13T17:39:00.000-07:00

The market has successfully made back all that it lost last week. That of course means it"s now in the rejected area above 1.4830 where last Monday"s trading got started. Look for resistance to slow things down, and maybe turn the action around. It could be a quick drop if the market starts falling from here.

11PIPS WITH ROKOKSALEM

BUY/LONG : 1.4845 ET /TP: 1.4856 SL: 50PIP

EUR - USD 9 April 2009 ( RESULT LOSS )

2009-04-08T19:00:00.000-07:00

The pairing stalled at 1.3150 overnight and then rebounded to 1.3310, taking out yesterday"s short. The price action leaves the daily studies heading lower, with room to run and our bias is for a test of 1.3115.

11PIPS WITH ROKOKSALEM

SELL/SHORT : 1.3225 ET /TP: 1.3214 SL: 50PIP

EUR - USD 7 APRIL 2009 ( RESULT PROFIT )

2009-04-06T20:58:00.000-07:00

The EUR/USD has stabilized above 1.3350 after the nasty sell off earlier this morning found a base above 1.3320. Asian equity markets are pretty quiet with the Nikkei up around 0.30% and this has helped the EUR/JPY recover from the plunge earlier today.Hourly resistance is found around 1.3405 and a break above that level would ease the downward pressure. The EUR/USD trades 1.3362/67.

11PIPS WITH ROKOKSALEM

BUY/LONG : 1.3426 ET /TP: 1.3437 SL: 50PIP

EUR - USD 6 APRIL 2009 ( RESULT PROFIT )

2009-04-05T19:01:00.000-07:00

EU is going stronger. Major trend is bullish. Continues to grind higher on the back of heavy EUR/JPY buying by model funds and Japanese accounts. The next level of EUR/USD resistance is found at the March 27 high around 1.3590 with a break above that level targeting the March 26 high around 1.3635.

11PIPS WITH ROKOKSALEM

SELL/SHORT : 1.3533 ET /TP: 1.3522 SL: 50PIP

EUR - USD 18 MARCH 2009 ( RESULT LOST )

2009-03-17T22:09:00.000-07:00

Hello friends...sorry for not active recently...i got busy lately...okeys from my observations this week EU still make bullish trend in open session. Although closed in lower price but still in bullish pressure. There 7 news ahead guys..so becareful....

11PIPS WITH ROKOKSALEM

SELL/SHORT : 1.3081 ET /TP: 1.3070 SL: 50PIP

EUR - USD 3 FEBUARY 2008 ( RESULT PROFIT )

2009-02-02T18:59:00.000-08:00

EU made a high peak yesterday. Yes i can see a spike there..ehmmm. Wokey guys trend has change, In my 1 hour chart there's bulllish pressure for EU but in the mean time we can see EU has made 'double M top'...is this mean going down...hmmmmmm time will tell my friend. But for me I always remember my sifu advise...... just follow your prediction and don't chase the market then u will suffer. Only 4 news today guys and start at 2.00pm ( M'sia time )

11PIPS WITH ROKOKSALEM

SELL/SHORT : 1.2898 ET /TP: 1.2887 SL: 50PIP

EUR - USD 2 FEBRUARY 2008 ( RESULT PROFIT )

2009-02-01T22:34:00.000-08:00

Hello guys n friends, my price not touch last week although the trend is correct. Today pivot level at 1.2847 open price at 1.2769 while lowest at 1.2710. Is still bearish trend for EU today but i think some bullish pressure will come out to test the market. There are 7 news today starting at 4.00 pm ( M'sia time )..good luck n happy trading to all :)

11PIPS WITH ROKOKSALEM

SELL/SHORT : 1.2791 ET /TP: 1.2780 SL: 50PIP

EUR - USD 30 JANUARY 2008 ( RESULT NOT TOUCH )

2009-01-29T18:28:00.000-08:00

Yeap thanks to Allah my prediction succeed yesterday :) Ok guys what's today? Is there any signal for bullish or bearish...ehmmmm. Now it's 10.35am in my beloved country M'sia, market price at 1.2898. Pivot level at 1.3022 and still making sideway movement. 5 times tried to brake M2 level at 1.2943 but still failed. So what's my move today ???? yeap i'm looking for spikes my friend. 10 news is heading us today..starting at 4.30pm ( m'sia time )

11PIPS WITH ROKOKSALEM

SELL/SHORT : 1.3111 ET /TP: 1.3100 SL: 50PIP