July 31, 2011

Is the US going to default and where will the markets head next?

100_12002Hello Everyone,

Well I'm back from my 2 week vacation in Europe and ready to get trading again.

I can't stress it enough but take some periodic breaks from trading as it will make you more focused and less stressed.  That in turn will boost your profits.

Anyway lets get right into the forex market reversal levels.

Until next week, peace and prosperity,

Jeff Wilde

My Top Pick: The Black Dog System will help put the odds in your favor. It has generated 74% winners over the past 3 1/2 years without any hype or B.S. To read more click here…

Key Market
Reversal Levels for Aug 1 - Aug 5
 

GBP/USD

EUR/USD

AUD/USD

GBP/JPY

EUR/JPY
Turning Point Down #3 1.7000 1.4831 1.1500 134.23 117.67
Turning Point Down #2 1.6740 1..4689 1.1339 131.00 115.00
Turning Point Down #1 1.6545 1.4500 1.1080 128.38 112.50
 
Turning Point Up #1 1.6200 1.4150 1.0831 124.76 109.44
Turning Point Up #2 1.5769 1.3864 1.0576 122.36 107.88
Turning Point Up #3 1.5500 1.3500 1.0369 119.75 106.36
           
Intermediate Trend
Direction		 Up Up Up Down Down
Major Trend Direction Up Up Up Down Down
 

***VERY IMPORTANT:  If you are new to our forex market forecast service I urge you to get up to speed on how to get the most out of it.      This will also explain what the abbreviations I use mean. To get all the details click this link:

Here is a video that will teach you how to get the most out of this newsletter. TO VIEW CLICK HERE:

Filed under Forex Newsletter by Jeffrey Wilde

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