MDT's Daily Forex Analysis and FX-Market Algorithm

mdtforex

Active Trader
From Jan. 22, 2009

EUR/USD
Once again, anticipate choppy trade in the 1.2954 to 1.3060 area. The pair is vulnerable to continued selling pressure, with any upside movement likely being capped in the 1.3060 to 1.3085 area. Our bearish sentiment will be confirmed on a move below 1.2954. Target 1.2912, 1.2823, 1.2789, and 1.2613 on a break below 1.2954.

GBP/JPY
The pair is likely to see continued selling pressure below the 125.42 level. We will continue to look for selling opportunities, selling rallies up to 125.42. A break below 122.22 will confirm our bearish sentiment, and could possibly target 121.19, 119.02, and 116.96. A move above 125.42 will negate the short term bearish outlook, and will likely see movement up to test the 129.50 level.


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DISCLAIMER
Trading forex is not suitable for every individual. There is substantial risk of loss in trading forex. Every individual should carefully consider their investment objectives and determine if the risk is suitable for their current financial condition before investing. Due to the high risk of substantial loss, only capital that an individual can afford to lose without changing the quality of their lifestyle should be used. The signal alerts generated by MadDog Trading LLC are based on a computerized algorithm. Past performance is not indicative of future results. All signal alerts generated by MadDog Trading LLC are provided for informational and educational purposes only. Any trades placed upon reliance on MadDog Trading LLC systems are taken at your own risk for your own account. MadDog Trading LLC is not responsible for the trading results of third party money managers who claim to use FX-K10 to generate trade signals. MadDog Trading LLC does not endorse or promote third party money managers who claim to generate trade signals from FX-K10.​
 

mdtforex

Active Trader
January 26 Forex Forecast

EUR/USD
The pair has found short term support around 1.2880, but is vulnerable to continued selling pressure on a break below. We will remain bearish below 1.3012, looking to sell rallies up to that level. Target 1.2826, 1.2708, 1.2661, and 1.2558 on a break below 1.2877. The short term bias will change to buy on a move above 1.3012. Target 1.3094, 1.3197, and 1.3362 on a move above 1.3012.

GBP/JPY
The outlook remains bearish below the 123.25 level, with choppy trade expected between 120.73 to 123.25. The bearish sentiment will be confirmed on a move below 120.73, with downside movement targeting 119.71, 116.74, and 115.70. A move above 123.25 could possibly test 124.73, 125.76, and 126.78.

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DISCLAIMER
Trading forex is not suitable for every individual. There is substantial risk of loss in trading forex. Every individual should carefully consider their investment objectives and determine if the risk is suitable for their current financial condition before investing. Due to the high risk of substantial loss, only capital that an individual can afford to lose without changing the quality of their lifestyle should be used. The signal alerts generated by MadDog Trading LLC are based on a computerized algorithm. Past performance is not indicative of future results. All signal alerts generated by MadDog Trading LLC are provided for informational and educational purposes only. Any trades placed upon reliance on MadDog Trading LLC systems are taken at your own risk for your own account. MadDog Trading LLC is not responsible for the trading results of third party money managers who claim to use FX-K10 to generate trade signals. MadDog Trading LLC does not endorse or promote third party money managers who claim to generate trade signals from FX-K10.​
 

mdtforex

Active Trader
January 27 Forex Forecast

EUR/USD
The move above yesterdays Upper Boundary of 1.3012 has confirmed the short term reversal of mode from Sell to Buy. We will remain bullish above 1.3084, targeting 1.3196, and 1.3308. The pair can run into strong resistance in the 1.3308 to 1.3328 area, so a sell off could happen at that level. Look to sell weakness at the 1.3308-1.3328 level, targeting 1.3196, 1.3084, and 1.3023. A move above 1.3328 confirms the Buy mode, possibly extending gains to 1.3429, and 1.3653.

USD/CAD
We will remain bearish below 1.2306, and the trend will be confirmed on a move below 1.2182. Target 1.2114, 1.2003, and 1.1955 on continued weakness. The short term trend Sell mode could shift to Buy on a move above 1.2306. Target 1.2361, 1.2454, and 1.2497 on a move above 1.2306.


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DISCLAIMER
Trading forex is not suitable for every individual. There is substantial risk of loss in trading forex. Every individual should carefully consider their investment objectives and determine if the risk is suitable for their current financial condition before investing. Due to the high risk of substantial loss, only capital that an individual can afford to lose without changing the quality of their lifestyle should be used. The signal alerts generated by MadDog Trading LLC are based on a computerized algorithm. Past performance is not indicative of future results. All signal alerts generated by MadDog Trading LLC are provided for informational and educational purposes only. Any trades placed upon reliance on MadDog Trading LLC systems are taken at your own risk for your own account. MadDog Trading LLC is not responsible for the trading results of third party money managers who claim to use FX-K10 to generate trade signals. MadDog Trading LLC does not endorse or promote third party money managers who claim to generate trade signals from FX-K10.​
 

mdtforex

Active Trader
EUR/USD - Analysis via the FX-K10 Forex Trading Tool

We will remain bearish below 1.3066, with a break below 1.2943 confirming our bearish sentiment. The pair can possibly find short term support in the 1.2865 to 1.2877 area. We will look to buy on a move above 1.3065, targeting 1.3110 and 1.3187.

EUR/JPY - Analysis via the FX-K10 Forex Trading Tool

The pair remains vulnerable to continued selling pressure down to the weekly Lower Boundary of 113.71. Choppy trade can be expected in the 116.29 to 117.95 range. Target 115.29 and 113.71 on a break below 116.29.


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DISCLAIMER
Trading forex is not suitable for every individual. There is substantial risk of loss in trading forex. Every individual should carefully consider their investment objectives and determine if the risk is suitable for their current financial condition before investing. Due to the high risk of substantial loss, only capital that an individual can afford to lose without changing the quality of their lifestyle should be used. The signal alerts generated by MadDog Trading LLC are based on a computerized algorithm. Past performance is not indicative of future results. All signal alerts generated by MadDog Trading LLC are provided for informational and educational purposes only. Any trades placed upon reliance on MadDog Trading LLC systems are taken at your own risk for your own account. MadDog Trading LLC is not responsible for the trading results of third party money managers who claim to use FX-K10 to generate trade signals. MadDog Trading LLC does not endorse or promote third party money managers who claim to generate trade signals from FX-K10.​
 

mdtforex

Active Trader
EUR/USD - Analysis via the FX-K10 Forex Trading Tool

The pair is vulnerable to continued selling pressure below 1.2962. Any upside movement could possibly be capped in the 1.2870 to 1.2925 area, providing a nice entry point to initiate a new short position. A break below 1.2774 will confirm the Sell mode and will likely target 1.2733, 1.2633, and 1.2541.

GBP/JPY - Analysis via the FX-K10 Forex Trading Tool

We will remain bearish below 130.59. Any upside movement could be capped in the 130.10 to 130.59 area. The Sell mode will be confirmed on a break below 126.42, targeting 125.15, 122.74, and 120.20.


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DISCLAIMER
Trading forex is not suitable for every individual. There is substantial risk of loss in trading forex. Every individual should carefully consider their investment objectives and determine if the risk is suitable for their current financial condition before investing. Due to the high risk of substantial loss, only capital that an individual can afford to lose without changing the quality of their lifestyle should be used. The signal alerts generated by MadDog Trading LLC are based on a computerized algorithm. Past performance is not indicative of future results. All signal alerts generated by MadDog Trading LLC are provided for informational and educational purposes only. Any trades placed upon reliance on MadDog Trading LLC systems are taken at your own risk for your own account. MadDog Trading LLC is not responsible for the trading results of third party money managers who claim to use FX-K10 to generate trade signals. MadDog Trading LLC does not endorse or promote third party money managers who claim to generate trade signals from FX-K10.​
 

mdtforex

Active Trader
EUR/USD - Analysis via the FX-K10 Forex Trading Tool

The pair closed near strong resistance in the 1.3048 to 1.3062 area and could possibly see a pullback from this level, testing the 1.2919 to 1.2962 area. Choppy trade can be expected between 1.2919 and 1.3062, so we will wait for a breakout of that range before entering the market. We will be in Buy mode above 1.3048, targeting 1.3130, 1.3161, and 1.3221. We will be in Sell mode on a move below 1.2919, targeting 1.2874, 1.2779, 1.2709, and 1.2638.

EUR/JPY - Analysis via the FX-K10 Forex Trading Tool

The pair made a nice move to the upside, and is attempting to climb higher to test the 117.33 to 117.40 level. This is a very strong resistance level, so a sell off can possibly occur. Our longer term outlook will be in Buy with a move above the 117.40 level. Any weakness at that level can be sold, targeting 116.65, 115.89, and 115.49. A break below 115.49 will put us in Sell mode, targeting 113.58 and 112.78.


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DISCLAIMER
Trading forex is not suitable for every individual. There is substantial risk of loss in trading forex. Every individual should carefully consider their investment objectives and determine if the risk is suitable for their current financial condition before investing. Due to the high risk of substantial loss, only capital that an individual can afford to lose without changing the quality of their lifestyle should be used. The signal alerts generated by MadDog Trading LLC are based on a computerized algorithm. Past performance is not indicative of future results. All signal alerts generated by MadDog Trading LLC are provided for informational and educational purposes only. Any trades placed upon reliance on MadDog Trading LLC systems are taken at your own risk for your own account. MadDog Trading LLC is not responsible for the trading results of third party money managers who claim to use FX-K10 to generate trade signals. MadDog Trading LLC does not endorse or promote third party money managers who claim to generate trade signals from FX-K10.​
 

mdtforex

Active Trader
EUR/USD - Analysis via the FX-K10 Forex Trading Tool

HIGH VOLATILITY due to the ECB interest decision. The pair will see extremely volatile, choppy trading throughout the Feb. 5 trading session. We will use wait for a breakout of the weekly range of 1.2779 to 1.3062 before entering the market. We will sell on a move below 1.2779, targeting 1.2596, 1.2397, and 1.2031. A move above 1.3062 will initiate a buy, targeting 1.3151, 1.3265, and 1.3527.

EUR/JPY - Analysis via the FX-K10 Forex Trading Tool

HIGH VOLATILITY due the ECB interest rate decision. The pair continues to find support in the 114.40 area. This will be a pivotal level for the Feb. 5 session. A move below 114.40 can possibly see selling pressure down to 113.71 and 112.54.


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DISCLAIMER
Trading forex is not suitable for every individual. There is substantial risk of loss in trading forex. Every individual should carefully consider their investment objectives and determine if the risk is suitable for their current financial condition before investing. Due to the high risk of substantial loss, only capital that an individual can afford to lose without changing the quality of their lifestyle should be used. The signal alerts generated by MadDog Trading LLC are based on a computerized algorithm. Past performance is not indicative of future results. All signal alerts generated by MadDog Trading LLC are provided for informational and educational purposes only. Any trades placed upon reliance on MadDog Trading LLC systems are taken at your own risk for your own account. MadDog Trading LLC is not responsible for the trading results of third party money managers who claim to use FX-K10 to generate trade signals. MadDog Trading LLC does not endorse or promote third party money managers who claim to generate trade signals from FX-K10.​
 

mdtforex

Active Trader
EUR/USD - Analysis via the FX-K10 Forex Trading Tool

The daily and weekly projections suggest continued selling. However, the 1.2779 level has proven to be solid support. A move higher can be anticipated from this level, targeting 1.2817, 1.2846, and 1.2874. A move below 1.2779 will be a very bearish sign, and likely see selling down to 1.2731, 1.2674, and 1.2588.

GBP/JPY - Analysis via the FX-K10 Forex Trading Tool

Daily and weekly projections continue to point higher. We will continue to have a bullish outlook above 130.59, with a confirmation on a move above 134.41. Target 136.39, 137.93, and 139.54 on a move above 134.41.



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DISCLAIMER
Trading forex is not suitable for every individual. There is substantial risk of loss in trading forex. Every individual should carefully consider their investment objectives and determine if the risk is suitable for their current financial condition before investing. Due to the high risk of substantial loss, only capital that an individual can afford to lose without changing the quality of their lifestyle should be used. The signal alerts generated by MadDog Trading LLC are based on a computerized algorithm. Past performance is not indicative of future results. All signal alerts generated by MadDog Trading LLC are provided for informational and educational purposes only. Any trades placed upon reliance on MadDog Trading LLC systems are taken at your own risk for your own account. MadDog Trading LLC is not responsible for the trading results of third party money managers who claim to use FX-K10 to generate trade signals. MadDog Trading LLC does not endorse or promote third party money managers who claim to generate trade signals from FX-K10.​
 

mdtforex

Active Trader
(Archive: Feb. 9, 2009 Forex Forecast)

EUR/JPY - Analysis via the FX-K10 Forex Trading Tool

Daily and weekly projections are pointing higher. We will remain in Buy mode above 117.36, targeting 118.14, 119.37, and 120.59. A move below 117.36 will put us in Sell mode, targeting 116.58, 114.86, and 114.13.

GBP/JPY - Analysis via the FX-K10 Forex Trading Tool

Daily and weekly projections continue to point higher. We will continue to have a bullish outlook above 130.59, with a confirmation on a move above 134.41. Target 136.39, 137.93, and 139.54 on a move above 134.41.



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DISCLAIMER
Trading forex is not suitable for every individual. There is substantial risk of loss in trading forex. Every individual should carefully consider their investment objectives and determine if the risk is suitable for their current financial condition before investing. Due to the high risk of substantial loss, only capital that an individual can afford to lose without changing the quality of their lifestyle should be used. The signal alerts generated by MadDog Trading LLC are based on a computerized algorithm. Past performance is not indicative of future results. All signal alerts generated by MadDog Trading LLC are provided for informational and educational purposes only. Any trades placed upon reliance on MadDog Trading LLC systems are taken at your own risk for your own account. MadDog Trading LLC is not responsible for the trading results of third party money managers who claim to use FX-K10 to generate trade signals. MadDog Trading LLC does not endorse or promote third party money managers who claim to generate trade signals from FX-K10.​
 

mdtforex

Active Trader
EUR/JPY - Analysis via the FX-K10 Forex Trading Tool

The pair continues to see choppy trading, and will likely see choppy trade in the 118.00 to 119.47 range. A move above 119.47 will put us in Buy mode, targeting 120.27, 121.60, and 123.20. A move below 118.00 will put us in Sell mode, targeting 117.34, 115.74, and 114.41.

GBP/JPY - Analysis via the FX-K10 Forex Trading Tool

The pair has run into stiff resistance in the 136.79 area. We will look to sell weakness at that level, targeting 135.72, 134.91, 134.10, 131.97, and 130.70. A move above 136.79 will put us in Buy mode, targeting 137.85, 139.47, and 140.16.













DISCLAIMER
Trading forex is not suitable for every individual. There is substantial risk of loss in trading forex. Every individual should carefully consider their investment objectives and determine if the risk is suitable for their current financial condition before investing. Due to the high risk of substantial loss, only capital that an individual can afford to lose without changing the quality of their lifestyle should be used. The signal alerts generated by MadDog Trading LLC are based on a computerized algorithm. Past performance is not indicative of future results. All signal alerts generated by MadDog Trading LLC are provided for informational and educational purposes only. Any trades placed upon reliance on MadDog Trading LLC systems are taken at your own risk for your own account. MadDog Trading LLC is not responsible for the trading results of third party money managers who claim to use FX-K10 to generate trade signals. MadDog Trading LLC does not endorse or promote third party money managers who claim to generate trade signals from FX-K10.​
 

mdtforex

Active Trader
MDT's Forex Forecast

EUR/USD - Analysis via the FX-K10 Forex Trading Tool

We will remain bearish below 1.2640, with a confirmation on break of 1.2509. We will target 1.2458, 1.2378, and 1.2276 on a break of 1.2509.

GBP/JPY - Analysis via the FX-K10 Forex Trading Tool

We will remain bearish below 140.62, with a confirmation on a break of 138.22. We will target 137.14, 135.83, and 133.67 on a break of 138.22.













DISCLAIMER
Trading forex is not suitable for every individual. There is substantial risk of loss in trading forex. Every individual should carefully consider their investment objectives and determine if the risk is suitable for their current financial condition before investing. Due to the high risk of substantial loss, only capital that an individual can afford to lose without changing the quality of their lifestyle should be used. The signal alerts generated by MadDog Trading LLC are based on a computerized algorithm. Past performance is not indicative of future results. All signal alerts generated by MadDog Trading LLC are provided for informational and educational purposes only. Any trades placed upon reliance on MadDog Trading LLC systems are taken at your own risk for your own account. MadDog Trading LLC is not responsible for the trading results of third party money managers who claim to use FX-K10 to generate trade signals. MadDog Trading LLC does not endorse or promote third party money managers who claim to generate trade signals from FX-K10.​
 

mdtforex

Active Trader
March 11, 2009

EUR/JPY - Analysis via the FX-K10 Forex Trading Tool

This pair continues to consolidate near the Upper Boundary and strong resistance level of (125.59). During the European session, look for buying opportunities on a sustained break above the Upper Boundary (125.59). If this pair drifts lower, look for selling opportunities below the Lower Boundary (124.71). Take caution in this choppy and volatile environment.


GBP/JPY - Analysis via the FX-K10 Forex Trading Tool

Also look for continued selling in this pair on a break below the Lower Boundary (135.38) and scrutinize any buy signals. This pair will remain bearish below 136.71.


GBP/USD - Analysis via the FX-K10 Forex Trading Tool

Look for continued selling on a break below the Lower Boundary (1.3719). Scrutinize any buy signals you get. This pair will remain bearish below 1.3872.













DISCLAIMER
Trading forex is not suitable for every individual. There is substantial risk of loss in trading forex. Every individual should carefully consider their investment objectives and determine if the risk is suitable for their current financial condition before investing. Due to the high risk of substantial loss, only capital that an individual can afford to lose without changing the quality of their lifestyle should be used. The signal alerts generated by MadDog Trading LLC are based on a computerized algorithm. Past performance is not indicative of future results. All signal alerts generated by MadDog Trading LLC are provided for informational and educational purposes only. Any trades placed upon reliance on MadDog Trading LLC systems are taken at your own risk for your own account. MadDog Trading LLC is not responsible for the trading results of third party money managers who claim to use FX-K10 to generate trade signals. MadDog Trading LLC does not endorse or promote third party money managers who claim to generate trade signals from FX-K10.​