How to Pick Tops and Bottoms Properly

Courtesy: BKForex Advisors

Forex Trading Signals April 28thh 2011 (Pre- US Market Open)

EUR/USD intraday: the upside prevails. Pivot: 1.477

Most Likely Scenario: Long positions above 1.477 with targets @ 1.488 & 1.493 in extension.

Alternative scenario: Below 1.477 look for further downside with 1.471 & 1.4655 as targets.

Comment: The pair remains on the upside and is approaching its previous high.

GBP/USD intraday: under pressure. Pivot: 1.67

Most Likely Scenario: Short positions below 1.67 with targets @ 1.662 & 1.6575 in extension.

Alternative scenario: Above 1.67 look for further upside with 1.6750 & 1.68 as targets.

Comment: The pair has struck against its resistance and should face further down move.

USD/JPY intraday: under pressure. Pivot: 82

Most Likely Scenario: Short positions below 82 with targets @ 81.25 & 80.9 in extension.

Alternative scenario: Above 82 look for further upside with 82.45 & 82.75 as targets.

Comment: The RSI is mixed to bearish, the pair is under pressure and is challenging its new support.

AUD/USD intraday: bullish bias above 1.085. Pivot: 1.085

Most Likely Scenario: Long positions above 1.085 with targets @ 1.095 & 1.1 in extension.

Alternative scenario: Below 1.085 look for further downside with 1.078 & 1.0715 as targets.

Comment: The pair remains on the upside and is challenging its resistance.

Forex Trading Signals April 29th 2011 (Pre- EU Market Open)

EUR/USD intraday: further upside. Pivot: 1.4770.

Most Likely Scenario: LONG positions above 1.477 with 1.488 & 1.493 in sight.

Alternative scenario: The downside penetration of 1.477 will call for 1.4685 & 1.464.

Comment: The immediate trend remains up and the momentum is strong.

Trend: ST Ltd Upside; MT Range

GBP/USD intraday: caution. Pivot: 1.6700.

Most Likely Scenario: SHORT positions below 1.67 with targets @ 1.662 & 1.6575.

Alternative scenario: The upside penetration of 1.67 will call for 1.675 & 1.68.

Comment: The upward potential is likely to be limited by the resistance at 1.67.

USD/JPY intraday: under pressure. Pivot: 82.00.

Most Likely Scenario: SHORT positions below 82 with 81.25 & 80.9 in sight.

Alternative scenario: The upside penetration of 82 will call for 82.45 & 82.75.

Comment: The RSI lacks upward momentum.

AUD/USD intraday: bullish bias above 1.085. Pivot: 1.085

Most Likely Scenario: Long positions above 1.085 with targets @ 1.095 & 1.1 in extension.

Alternative scenario: Below 1.085 look for further downside with 1.078 & 1.0715 as targets.

Comment: The pair stands above its support and should post a rebound.

Trading Signals April 28th 2011 (Pre- US Market Open)

EUR/USD intraday: further advance. Pivot: 1.477

Most Likely Scenario: Long positions above 1.477 with targets @ 1.494 & 1.499 in extension.

Alternative scenario: Below 1.477 look for further downside with 1.47 & 1.4655 as targets.

Comment: The pair stands above its new support and remains on the upside.

GBP/USD intraday: the upside prevails. Pivot: 1.6635

Most Likely Scenario: Long positions above 1.6635 with targets @ 1.675 & 1.68 in extension.

Alternative scenario: Below 1.6635 look for further downside with 1.6575 & 1.653 as targets.

Comment: The pair is pulling back on its support ahead of a rebound.

USD/JPY intraday: under pressure. Pivot: 82.1

Most Likely Scenario: Short positions below 82.1 with targets @ 81.5 & 81.25 in extension.

Alternative scenario: Above 82.1 look for further upside with 82.45 & 82.75 as targets.

Comment: The RSI is badly directed, the pair is under pressure and is challenging its new support.

AUD/USD intraday: further advance. Pivot: 1.084

Most Likely Scenario: Long positions above 1.084 with targets @ 1.0955 & 1.1 in extension.

Alternative scenario: Below 1.084 look for further downside with 1.078 & 1.0715 as targets.

Comment: The pair remains on the upside and should post further advance as the RSI is well directed.

Forex Trading Signals April 28th 2011 (Pre- EU Market Open)

EUR/USD intraday: further upside.Pivot: 1.4770.

Most Likely Scenario: LONG positions above 1.477 with 1.494 & 1.499 in sight.

Alternative scenario: The downside penetration of 1.477 will call for a slide towards 1.47 & 1.4655.

Comment: The immediate trend remains up and the momentum is strong.

Trend: ST Ltd Upside; MT Range

GBP/USD intraday: towards 1.68 Pivot: 1.6635.

Most Likely Scenario: LONG positions above 1.6635 with 1.675 & 1.68 in sight.

Alternative scenario: The downside breakout of 1.6635 will open the way to 1.6575 & 1.653.

Comment: The RSI is bullish and calls for further upside.

USD/JPY intraday: under pressure. Pivot: 82.25.

Most Likely Scenario: SHORT positions below 82.25 with 81.6 & 81.25 as next targets.

Alternative scenario: The upside penetration of 82.25 will call for 82.45 & 82.75.

Comment: The RSI is mixed to bearish.

AUD/USD intraday: further advance. Pivot: 1.084

Most Likely Scenario: Long positions above 1.084 with targets @ 1.0955 & 1.1 in extension.

Alternative scenario: Below 1.084 look for further downside with 1.078 & 1.0715 as targets.

Comment: The pair remains on the upside and should post further advance as the RSI is well directed.

Forex: Euro/Dollar breaks 1.4800 as bulls party continues

Euro bullish momentum extended after the FED repeated the “extremely low for an extended period” stance, with the addition that Bernanke clarified that this means at least for 2 more months.

Inflation seems not to be a problem while unemployment remains a challenging issue according to the FED, another factor that weighted against dollar.

The fact that "the Fed will continue to re-invest maturing mortgage-backed and Treasury securities" was, according to Asharf Laidi, Founder at AshrafLaidi.com "what hurt the U.S. dollar most on the day and led to a stock-market rally".

Technically, "Bigger time frames are strongly bullish which suggest the downside will remain limited. Having bounced higher from the broken roof of the channel, 1.4700 is now key support on retracements, while 20 SMA at the same area, will reinforce the strength of the level" said Valeria Bednarik, Chief Analyst at FXstreet.com.

At the momen of writing, the EUR/USD is extending gains to hit a new 16-month high at 1.4815/20 area. Looks like buying interest is far from drying up.

Support levels: 1.4760 1.4735 1.4690, Resistance levels: 1.4780 1.4810 1.4850

Trading Signals April 27th 2011 (Pre- EU Market Open)

EUR/USD intraday: limited upside. Pivot: 1.4580.

Most Likely Scenario: LONG positions @ 1.4595 with 1.4735 & 1.48 as next targets.

Alternative scenario: The downside penetration of 1.458 will call for 1.4505 & 1.4466.

Comment: The pair has broken above a bearish channel resistance. However, the RSI is close to a resistance area limiting the immediate upside potential.

Trend: ST Ltd Upside; MT Range

GBP/USD intraday: bullish bias above 1.6425 Pivot: 1.6425.

Most Likely Scenario: LONG positions @ 1.6435 with targets @ 1.6535 & 1.657.

Alternative scenario: The downside penetration of 1.6425 will call for a slide towards 1.6385 & 1.633.

Comment: The support area at 1.6425 maintains a strong bullish bias.

USD/JPY intraday: capped by a negative trend line. Pivot: 82.00.

Most Likely Scenario: SHORT positions @ 81.9 with 81.25 & 81.1 in sight.

Alternative scenario: The upside penetration of 82 will call for a rebound towards 82.45 & 82.75.

Comment: The pair is capped by a declining trend line.

AUD/USD intraday: the upside prevails. Pivot: 1.0735

Most Likely Scenario: Long positions above 1.0735 with targets @ 1.0885 & 1.092 in extension.

Alternative scenario: Below 1.0735 look for further downside with 1.0675 & 1.065 as targets.

Comment: The RSI is well directed, the pair is breaking above its resistance.

Forex Trading Signals April 26th 2011 (Pre- EU Market Open)

EUR/USD intraday: key ST resistance at 1.457 Pivot: 1.4570.

Most Likely Scenario: SHORT positions @ 1.456 with 1.446 & 1.44 as next targets.

Alternative scenario: The upside breakout of 1.457 will open the way to 1.4625 & 1.465.

Comment: the break below 1.457 is a negative signal that has opened a path to 1.446.

Trend: ST Ltd Upside; MT Range

GBP/USD intraday: break of a ST rising trendline support. Pivot: 1.6550.

Most Likely Scenario: SHORT positions @ 1.654 with 1.6435 & 1.6385 as next targets.

Alternative scenario: The upside penetration of 1.655 will call for a rebound towards 1.66 & 1.663.

Comment: the pair has broken below a rising trend line and intraday technical indicators are reversing down.

USD/JPY intraday: capped by a negative trend line. Pivot: 82.30.

Most Likely Scenario: SHORT positions @ 82.2 with 81.5 & 81.15 in sight.

Alternative scenario: The upside penetration of 82.3 will call for 82.75 & 83.15.

Comment: the pair is capped by a declining trend line.

AUD/USD intraday: consolidation in place. Pivot: 1.0735

Most Likely Scenario: Short positions below 1.0735 with targets @ 1.065 & 1.061 in extension.

Alternative scenario: Above 1.0735 look for further upside with 1.076 & 1.0775 as targets.

Comment: the RSI is mixed with a bearish bias.

Forex Trading Signals April 21st 2011 (Pre- EU Market Open)

EUR/USD intraday Pivot: 1.4500.

Most Likely Scenario: LONG positions @ 1.451 with 1.459 & 1.463 as next targets.

Alternative scenario: The downside penetration of 1.45 will call for 1.4445 & 1.4415.

Comment: The pair has rebounded on its support and remains on the upside.

Trend: ST Ltd Upside; MT Range

GBP/USD intraday: supported by a rising trend line.

Pivot: 1.6385.

Most Likely Scenario: LONG positions @ 1.6395 with targets @ 1.6475 & 1.65.

Alternative scenario: The downside penetration of 1.6385 will call for a slide towards 1.635 & 1.631.

Comment: The pair remains within a bullish channel and is challenging its previous high.

USD/JPY intraday: under pressure.

Pivot: 82.60.

Most Likely Scenario: SHORT positions @ 82.55 with 82 & 81.75 in sight.

Alternative scenario: The upside penetration of 82.6 will call for 82.8 & 83.15.

AUD/USD intraday

Pivot: 1.0695

Most Likely Scenario: Long positions above 1.0695 with targets @ 1.08 & 1.0825 in extension.

Alternative scenario: Below 1.0695 look for further downside with 1.065 & 1.0575 as targets.

Forex: USD/CHF extends slide to fresh lows

FXstreet.com (Córdoba) – The Swiss Franc continues its rally against the Dollar. The USD/CHF fell further below 0.8900 and reached a new all time low at 0.8878. The pair remains trading near session low, holding a bearish bias. Greenback is headed toward the tenth daily decline out of the last 12 trading days.

The recovery of the Dollar earlier found resistance at 0.8930 and the pair resumed its downtrend as the Swissy strengthened across the board.

To the downside, support levels could be located at 0.8860 and below at 0.8820 while to the upside, probable resistance levels lie at 0.8890 and above at 0.8930 and 0.8965.

Trading Signals April 20th 2011 (Pre- EU Market Open)

EUR/USD intraday: the upside prevails.

Pivot: 1.4330.

Most Likely Scenario: LONG positions @ 1.434 with 1.4415 & 1.445 as next targets.

Alternative scenario: The downside breakout of 1.433 will open the way to 1.43 & 1.425.

Comment: The RSI is supported by a rising trend line, the pair remains on the upside and is challenging its resistance.

Trend: ST Ltd Upside; MT Range


GBP/USD intraday: supported by a rising trend line.

Pivot: 1.6300.

Most Likely Scenario: LONG positions @ 1.631 with targets @ 1.6385 & 1.643.

Alternative scenario: The downside penetration of 1.63 will call for a slide towards 1.6255 & 1.6225.

Comment: The pair remains supported by a rising trend line and should reach its next resistance.




USD/JPY intraday: rebound.

Pivot: 82.70.

Most Likely Scenario: LONG positions @ 82.75 with 83.25 & 83.5 in sight.

Alternative scenario: The downside penetration of 82.7 will call for a slide towards 82.35 & 82.2.

Comment: The pair has broken above its MT bearish channel upper boundary and should post further advance.



AUD/USD intraday: further advance.

Pivot: 1.0535

Most Likely Scenario: Long positions above 1.0535 with targets @ 1.06 & 1.0625 in extension.

Alternative scenario: Below 1.0535 look for further downside with 1.05 & 1.045 as targets.

Comment: The RSI is well directed

Trading Signals April 19th 2011 (Pre- EU Market Open)

EUR/USD intraday: under pressure.

Pivot: 1.4275.

Most Likely Scenario: SHORT positions @ 1.4265 with 1.42 & 1.415 in sight.

Alternative scenario: The upside penetration of 1.4275 will call for a rebound towards 1.43 & 1.435.

Comment: The pair is posting a rebound but stands below its new resistance, the RSI is mixed and calls for caution.

Trend: ST Ltd Upside; MT Range

GBP/USD intraday: under pressure.

Pivot: 1.6300.

Most Likely Scenario: SHORT positions @ 1.629 with 1.6225 & 1.6175 as next targets.

Alternative scenario: The upside penetration of 1.63 will call for a rebound towards 1.633 & 1.6385.

Comment: The pair stands below its new resistance, the RSI is mixed to bearish.

USD/JPY intraday: the downside prevails.

Pivot: 82.75.

Most Likely Scenario: SHORT positions @ 82.7 with targets @ 82.2 & 82.05.

Alternative scenario: The upside penetration of 82.75 will call for 83 & 83.25.

Comment: The pair stands within a bearish channel, the RSI is capped by a declining trend line.

AUD/USD intraday

Pivot: 1.052

Most Likely Scenario: Short positions below 1.052 with targets @ 1.0455 & 1.042 in extension.

Alternative scenario: Above 1.052 look for further upside with 1.054 & 1.0585 as targets.

Comment: The pair has broken below a key rising trend line.

Forex Trading Signals 14th April 2011 (Pre-EU Market Open)

Forex Trading Signals

EUR/USD intraday: towards 1.455

Pivot: 1.4410.

ML S: LONG positions @ 1.442 with targets @ 1.452 & 1.455.

Alternative scenario: The downside penetration of 1.441 will call for 1.438 & 1.435.

Comment: The RSI has just broken above a declining trend line and the pair is trading in an intraday bullish channel.


GBP/USD intraday: further upside.

Pivot: 1.6240.

Most Likely Scenario: LONG positions @ 1.625 with targets @ 1.6365 & 1.643.

Alternative scenario: The downside penetration of 1.624 will call for a slide towards 1.6175 & 1.6135.

Comment: The RSI broke above a declining trend line and is supported by a rising one.



USD/JPY intraday: capped by a negative trend line.

Pivot: 83.95.

Most Likely Scenario: SHORT positions @ 83.9 with targets @ 83.2 & 82.75.

Alternative scenario: The upside penetration of 83.95 will call for 84.3 & 84.6.

Comment: The pair is capped by a declining trend line.


AUD/USD intraday: supported by a rising trend line.

Pivot: 1.0465

Most Likely Scenario: Long positions above 1.0465 with targets @ 1.0585 & 1.06 in extension.

Alternative scenario: Below 1.0465 look for further downside with 1.0425 & 1.039 as targets.

Comment: The RSI is mixed with a bullish bias.

Forex Trading Signals April 13th 2011 (Pre-EU Market Open)

EUR/USD intraday: supported by a rising trend line.

Pivot: 1.4435.

Most Likely Scenario: LONG positions @ 1.4445 with targets @ 1.452 & 1.455.

Alternative scenario: The downside penetration of 1.4435 will call for a slide towards 1.438 & 1.4345.

Comment: The pair remains supported by a MT rising trend line and should post a rebound on its new support.

GBP/USD intraday: rebound expected.

Pivot: 1.6225.

Most Likely Scenario: LONG positions @ 1.6235 with 1.632 & 1.6365 as next targets.

Alternative scenario: The downside penetration of 1.6225 will call for 1.6175 & 1.6135.

USD/JPY intraday: under pressure.

Pivot: 84.50.

Most Likely Scenario: SHORT positions @ 84.45 with targets @ 83.5 & 83.2.

Alternative scenario: The upside penetration of 84.5 will call for a rebound towards 84.75 & 85.15.

Comment: The pair is posting a rebound but stands below its resistance.

AUD/USD intraday: supported by a rising trend line.

Pivot: 1.043

Most Likely Scenario: Long positions above 1.043 with targets @ 1.052 & 1.056 in extension.

Alternative scenario: Below 1.043 look for further downside with 1.039 & 1.035 as targets.

Comment: The pair remains above a rising trend line.

Trading Signals April 12th 2011 (Pre- US Market Open)

EUR/USD intraday

Pivot: 1.4375

Most Likely Scenario: Long positions above 1.4375 with targets @ 1.449 & 1.4515 in extension.

Alternative scenario: Below 1.4375 look for further downside with 1.4345 & 1.4275 as targets.

Comment: the pair has rebounded on its MT rising trend line, the RSI is well directed.


GBP/USD intraday: key ST resistance at 1.632.

Pivot: 1.632

Most Likely Scenario: Short positions below 1.632 with targets @ 1.6215 & 1.6175 in extension.

Alternative scenario: Above 1.632 look for further upside with 1.6365 & 1.643 as targets.

Comment: the pair has broken below its support and should face further weakness.


USD/JPY intraday: consolidation.

Pivot: 84.5

Most Likely Scenario: Short positions below 84.5 with targets @ 83.85 & 83.4 in extension.

Alternative scenario: Above 84.5 look for further upside with 85 & 85.5 as targets.

Comment: the pair is pulling back on its new resistance but remains under pressure.


AUD/USD intraday: up turn.

Pivot: 1.041

Most Likely Scenario: Long positions above 1.041 with targets @ 1.0545 & 1.0585 in extension.

Alternative scenario: Below 1.041 look for further downside with 1.0375 & 1.034 as targets.

Comment: the RSI broke above a declining trend line.

Trading Signals April 12th 2011 (Pre- EU Market Open)

EUR/USD

Pivot: 1.4345.

Most Likely Scenario: LONG positions @ 1.4355 with 1.444 & 1.449 as next targets.

Alternative scenario: The downside breakout of 1.4345 will open the way to 1.4275 & 1.423.

Comment: The pair is pulling back on its MT rising trend line ahead of further advance.

Trend: ST Ltd Upside; MT Range

GBP/USD intraday:

Pivot: 1.6255.

Most Likely Scenario: LONG positions @ 1.6265 with targets @ 1.6335 & 1.6365.

Alternative scenario: The downside penetration of 1.6255 will call for a slide towards 1.6215 & 1.6175.

Comment: The pair stands above its support and should post a rebound.

USD/JPY intraday: under pressure.

Pivot: 84.50.

Most Likely Scenario: SHORT positions @ 84.45 with targets @ 83.4 & 83.2.

Alternative scenario: The upside penetration of 84.5 will call for a rebound towards 85 & 85.5.

Comment: The pair has broken below its support and remains under pressure.

AUD/USD intraday: under pressure.

Pivot: 1.0485

Most Likely Scenario: Short positions below 1.0485 with targets @ 1.0375 & 1.034 in extension.

Alternative scenario: Above 1.0485 look for further upside with 1.0545 & 1.0585 as targets.

Comment: The RSI is capped by a declining trend line.

Tradingg Signals - April 11th 2011 (Pre US Market Open)

EUR/USD intraday:

Pivot: 1.44

Most Likely Scenario: Long positions above 1.44 with targets @ 1.449 & 1.4515 in extension.

Alternative scenario: Below 1.44 look for further downside with 1.4345 & 1.43 as targets.

Comment: The pair stands above its new support and should post further advance.

GBP/USD intraday:

Pivot: 1.6315

Most Likely Scenario: Long positions above 1.6315 with targets @ 1.637 & 1.64 in extension.

Alternative scenario: Below 1.6315 look for further downside with 1.629 & 1.6255 as targets.

USD/JPY intraday: under pressure.

Pivot: 85.2

Most Likely Scenario: Short positions below 85.2 with targets @ 84.5 & 83.85 in extension.

Alternative scenario: Above 85.2 look for further upside with 85.5 & 85.9 as targets.

Comment: The pair is under pressure and is challenging its support.

AUD/USD intraday: target 1.063.

Pivot: 1.0515

Most Likely Scenario: Long positions above 1.0515 with targets @ 1.059 & 1.063 in extension.

Alternative scenario: Below 1.0515 look for further downside with 1.0485 & 1.042 as targets.

Comment: The RSI is supported by a bullish trend line.

Forex Signals Introduction

FX Flow Signals aims at improving the quality of profitable trades that subscribers can get in intraday trading.

We provide signals at two different times.
The Pre-EU market open at 7:30GMT and the Pre-US Market open at 12:30GMT.

Backed with Technical and Fundamental Analysis carried out by seasoned professionals, our signals promise 80 - 95% Profitability in all trades.

We have been in the Foreign Exchange markets for over 9 years, and we have the level of experience that can shoot you to the top.

You're welcome

If you want proof of our Live Trading accounts, you can send a request mail to us, and we will provide you with Login and Password on our Trading Accounts