GLOBAL FOREX SIGNALS

Two more forex signals providers at our service

Since August, the 20th two more forex signals providers have been sending their signals in an active mode at GFSignals.

Their forex trading strategies are very different, but all of them are profitable.

JWmaximizingrevenue: the strategy is based on 90% technical and 10% fundamental analysis. Technical analysis is based on swing and range trading. The goal is to make 2000 pips a month using one lot per trade.
Average profit per week: +280 pips

118fx: the strategy is based on Moving Averages crossing and stochastic oscillators, few mixed with Elliot waves. The positions are mostly opening as long term ones and of course considering all the fundamental factors, but trying to be closed about the important news.
Average profit per week: +240 pips

Here are their results for the testing period:

JWmaximizingrevenue: +1105 pips
118fx: +1877 pips

Now their forex signals are available to subscribe to.

Intra-day USD/JPY outlook

Intra-day USD/JPY outlook, August 14, 2007

+ 2526 pips - this is the trades result for the last week of our forex traders' signals.
More details at our web-site: Forex Signals Service.

Current price: 118.10

USD/JPY is still trading in the 117.20 - 119.80 range.

The downward trend target for the next week remains at 116.60 where two-year trend line from 2005 year lies (30%). The first support comes around 117.60 and then at 117.20 (double bottom). A break out below 117.20 will cause a further decline towards 116.60 over the next trading days.

On the upside the target is at 121.00-122.00 area (60%). But there is strong resistance in the 118.70-80 region. A break beyond 118.80 is needed. But after that rise there is a prospect of a rebound back to 118.00.

Resistances

119.80 - the correction downward trend and the nearest resistance.
122.00 - March's trend breakout area level.
123.40 - the broken out March's trend - key resistance projection.
124.15 - June's high - longstanding and 2007 high.

Supports

118.50 - the uptrend from May's 2006 low.
117.20 - August low.
116.20 - the uptrend expected support line from January's 2005 low.
115.10 - March's 2007 low - the year support.

View on USD/JPY: support formalization

August 06, 2007 - August 10, 2007

View on USD/JPY: support formalization.

GFSignals team provides a week forecast for USD/JPY

+4388 pips - this is the trading result our forex signals providers made for the last week.
More details at our web-site: Forex Signals Service.

Last week our second script was fulfilled (50%): Correction fluctuations in the range of 118.00-119.80. The pair consolidated in the area achieved near the important support at 118.00. We watch slowdown of the decline and forming of the support and resistance levels. So, at 118.00 level there is an important local support May 2006 trend line projection. And now it is a good technical possibility for an upward rebound and further to the March trend line breakout region at 122.00 level. Though the pair will have to consolidate above 119.50/80 area first, where downward short term trend line projection lies. In case the May trend is broken down the pair will decline further hitting two-year trend from January 2005 at 116.20.

Script 1 (40%): Correction fluctuations in the range of 118.00-119.80.
The pair fluctuations reached a strong support at the 118.00 level area. That is why the correction may hold and side range may stay the same. In case the range margins are broken out the following two scripts will develop.

Script 2 (30%): A further decline to the 116-shape region.
It is quite possible a further course decline and hitting the 116-shape area where 2-year trend lies from 2005 year. A breakout of the May uptrend line and horizontal support at 118.00 will be a signal to this decline.

Script 3 (30%): A rising up to the 122.00 level.
It must not be ruled out a higher upside movement (the upward medium term trend line). The pair may correct to the 121.00-122.00 area, where the strong support broken at the end of July lies and March trend line breakout area as well. But after that a further decline to the support achieved at 118.00 is very possible.

Resistances

119.40/80 - the correction downward trend and the nearest resistance.
122.00 - March's trend breakout area level.
123.40 - the broken out March's trend - key resistance projection.
124.15 - June's high - longstanding and 2007 high.

Supports

118.00 - the uptrend from May's 2006 low.
116.20 - the uptrend expected support line from January's 2005 low.
115.10 - March's 2007 low - the year support.
113.40 - the intermediate 2006 support.

EUR/USD trade hit TP

13:34:10 GMT: Close Signal

EUR/USD Buy 1 1.3700 Stop: 1.3680 Limit: 1.3735 Close: 1.3735 (Close Price)

Profit: +35 pips

Description: hit TP

GBP/USD closed with profit

13:22:03 GMT: Close Signal

GBP/USD Buy 1 2.0365 Stop: 2.0330 Limit: 2.0395 Close: 2.0395 (Close Price)

Profit: +30 pips

Description: Hit TP

New EUR/USD buy trade

12:44:58 GMT: New Signal

EUR/USD Buy 1 1.3700 Stop: 1.3680 Limit: 1.3735

GBP/USD buy alert

12:43:26 GMT: New Signal

GBP/USD Buy 1 2.0365 Stop: 2.0330 Limit: 2.0395

Cancel Order

13:34:45 GMT: Cancel Order

GBP/USD Order Sell 1 2.0277 Stop: 2.0312 Limit: 2.0235

New order for GBP/USD

12:26:31 GMT: New Order

GBP/USD Order Sell 1 2.0277 Stop: 2.0312 Limit: 2.0235

EUR/JPY closed with profit

12:19:26 GMT: Close Signal

EUR/JPY Buy 1 162.22 Stop: 162.03 Limit: 162.90 Close: 162.80 (Close Price)

Profit: +58 pips

New EUR/JPY buy trade

08:06:00 GMT: New Signal

EUR/JPY Buy 1 162.22 Stop: 162.03 Limit:162.90

Description: Trail SL to 162.03

Trades are closed with loss

12:27:19 GMT: Close Signal

EUR/USD Sell 1 1.3652 Stop: 1.3675 Limit: 0.0000 Close: 1.3675 (Close Price)

Profit: -23 pips

12:31:42 GMT: Close Signal

EUR/JPY Sell 1 161.90 Stop: 162.25 Limit: 161.40 Close: 162.25 (Close Price)

Profit: -35 pips

Bad week and trading that we had. Nevermind at all. We will have better result the next days and the next weeks.

New EUR/JPY sell call

11:27:48 GMT: New Signal

EUR/JPY Sell 1 161.90 Stop: 162.25 Limit: 161.40

time to close USD/CHF

10:56:25 GMT: Close Signal

USD/CHF Buy 1 1.2002 Stop: 1.1975 Limit: 0.0000 Close: 1.2016 (Close Price)

Profit: +14 pips

the position will be closed before price hit Take Profit

10:35:43 GMT: Update Signal

USD/CHF Buy 1 1.2002 Stop: 1.1975 Limit: 0.0000 (New Value)

New USD/CHF buy call

05:22:33 GMT: New Signal

USD/CHF Buy 1 1.2002 Stop: 1.1975 Limit: 1.2035

GBP/USD was closed by Stop Loss value

The position is closed:

GBP/USD Sell 1 2.0310 Stop: 2.0345 Limit: 2.0285 Close: 2.0345 (Close Price)

Profit: -35 pips

New open trade alert

04:46:13 GMT: New Signal

EUR/USD Sell 1 1.3652 Stop: 1.3675 Limit: 0.0000

Global Forex Signals Service provides different forex trading strategies from different forex traders. Our professional forex traders carefully monitor the Forex market looking for those potentially profitable opportunities and send forex signals via email, SMS to you in real-time with an exact entry points to BUY or SELL. For entry & exit signals, see the list of forex signals providers offering forex trading signals at our site. If you would like a professional forex trader to manage your money for you using a discretionary hands you may use managed forex accounts provided by our Service.