Daily Forecasts

Technical analysis is a method of forecasting price movements by looking at purely market-generated data. Price data from a particular market is most commonly the type of information analyzed by a technician. The bottom line when utilizing any type of analytical method, technical or otherwise, is to stick to the basics, which are methodologies with a proven track record over a long period. After finding a trading system that works for you, the more esoteric fields of study can then be incorporated into your trading toolbox.


Report on Date: 31 August 2009


Daily Forecasts - EUR/USD

1.4445
1.4421
1.4398
1.4384
1.4369
1.4346
Pivot Point: 1.4323
1.4299
1.4276
1.4262
1.4224
1.4223
1.4201


Daily Forecasts - GBP/USD

1.6462
1.6431
1.6401
1.6383
1.6364
1.6334
Pivot Point: 1.6304
1.6273
1.6243
1.6225
1.6206
1.6176
1.6146


Daily Forecasts - USD/JPY

94.53
94.37
94.21
94.11
94.01
93.85
Pivot Point: 93.69
93.53
93.37
93.27
93.17
93.01
92.85


Daily Forecasts - USD/CHF

1.0681
1.0662
1.0644
1.0632
1.0621
1.0602
Pivot Point: 1.0584
1.0565
1.0547
1.0535
1.0524
1.0505
1.0487


Daily Forecasts - AUD/USD

0.8531
0.8510
0.8489
0.8476
0.8463
0.8442
Pivot Point: 0.8420
0.8399
0.8378
0.8365
0.8352
0.8331
0.8309


Daily Forecasts - USD/CAD

1.1026
1.0998
1.0971
1.0953
1.0936
1.0908
Pivot Point: 1.0880
1.0852
1.0825
1.0807
1.0790
1.0762
1.0734


Daily Forecasts - EUR/JPY

135.75
135.45
135.15
134.96
134.77
134.47
Pivot Point: 134.16
133.86
133.56
133.37
133.18
132.88
132.57


Daily Forecasts - EUR/GBP

0.8858
0.8845
0.8833
0.8825
0.8817
0.8805
Pivot Point: 0.8793
0.8780
0.8768
0.8760
0.8752
0.8740
0.8728


Daily Forecasts - GBP/JPY

154.79
154.38
153.96
153.70
153.45
153.03
Pivot Point: 152.61
152.20
151.78
151.52
151.27
150.85
150.43


Good luck and happy trading,
sayamoza.
- the fortune teller -

Almost every trader uses some form of technical analysis. Even the most reverent follower of market fundamentals is likely to glance at price charts before executing a trade. At their most basic level, these charts help traders determine ideal entry and exit points for a trade. They provide a visual representation of the historical price action of whatever is being studied. The building blocks of any technical analysis system include support/resistance, price charts, volume charts, and technical indicators that include trend indicators, momentum indicators, volatility, cycle, etc.

The "Dynamic Trading Approach" that I use is the technical analytical approach developed in-house by sayamoza and friends throughout the years. It has been time-tested and continually improved over time. It enables us to identify an emerging trend very early, often capturing the highs and lows, and helps our users trade with the new trend before others notice it.

Dynamic Trading Approach is a synergic combination of:

1. Trend analysis and pattern recognition
2. Trend following indicators and oscillators (includes Exponential Moving Averages, Bollinger Bands, MACD, W%R).
3. Retracements and projections.
4. Support and Resistance.

If I'm in a state of health. Every day I will put my daily forecasts in sayamoza-blogspot. I hope you can use daily forecasts with a calm and wise. Trade step by step, patience, discipline and systematic.

Take pleasure with yourself and your trading.