EUR/GBP
Time: 21.30 Rate: 0.8895
Strategy: short
Daily time frame
The price got to the target of the wolf waves (the connecting line between point 1-4), created an upside down candlestick (the last red candlestick) and we believe that from this point on it will retrace between one third to two thirds the last continuous upward movement (black broken line) between the levels of 0.8840 t the level of 0.8750.
As can be seen by the graph bellow:
NZD/USD
Time: 21.30 Rate: 0.8150
Strategy: short
Daily time frame
The price created wolf waves while the price started its way to the target (the connecting line between points 1-4). The breakdown of the support level 0.8070 will lead the price to the level of 0.8010 after which to the level of 0.7950 at first.
As can be seen by the graph bellow:
4 hour time frame
Potential trade
Short
Enter: 0.8110
Stop: 0.8235
Target: 0.8010
As can be seen by the graph bellow:
USD/CAD
Time: 21.30 Rate: 0.9796
Strategy: long
Daily time frame
The price is stuck to the upper area and tries to break out the resistance level of 0.9820, the break out of this level will most probably lead to approximately the level of 0.9950.
As can be seen by the graph bellow:
4 hour time frame
Potential trade
Long
Enter: 0.9822
Stop: 0.9768
Target: 0.9869
As can be seen by the graph bellow:
GBP/JPY
Time: 21.30 Rate: 130.87
Strategy: short
Daily time frame
The price retraced the continuous downward movement (red broken line), to 50% of the level 135.15, and gets closer now to the support level 130.30, the breakout of this will lead in the first stage to the level of 129.10, and its breakdown will lead the price to the level of 126.10.
As can be seen by the graph bellow:
Important new for the 09.06.2011 (GMT)
Time: 12:00 GBP- Official bank rate
Time: 12:45 EUR- minimum bid rate
Time: 13.30 CAD- trade balance
Time: 13.30 USD – unemployment claims
Time: 13:30 USD- trade balance
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