August 14, 2011
Global Financial Meltdown
Hello Everyone,
We had a crazy roller coaster ride last week as almost every day the Dow Jones had a range of 400 points or more. This in turn had an affect in many currencies.
Anway, this week should be another bumpy ride and anything can happen so… BE EXTRA CAREFUL!
For this reason make sure you use protective stops and cut your losses the minute things aren't going according to plan.
STOCK TO WATCH: Awhile ago I said I was keeping an eye on a trader that has a stock picking service just to see if he's any good. Anway he said he has a buy reccomendation for GRO at near 0,70. So lets keep an eye on it…
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…
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Key Market |
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GBP/USD |
EUR/USD |
AUD/USD |
GBP/JPY |
EUR/JPY |
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| Turning Point Down #3 | 1.7000 | 1.4831 | 1.1009 | 135.00 | 117.67 |
| Turning Point Down #2 | 1.6740 | 1..4689 | 1.0750 | 131.38 | 115.00 |
| Turning Point Down #1 | 1.6470 | 1.4500 | 1.0523 | 127.55 | 111.81 |
| Turning Point Up #1 | 1.6000 | 1.4000 | 1.0026 | 122.36 | 106.96 |
| Turning Point Up #2 | 1.5769 | 1.3664 | 0.9812 | 120.00 | 103.90 |
| Turning Point Up #3 | 1.5500 | 1.3245 | 0.9500 | 116.09 | 100.00 |
| Intermediate Trend Direction |
Up | Up | Down | Down | Down |
| Major Trend Direction | Up | Up | Up | Down | Down |
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***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: |
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Filed under Blog by Jeffrey Wilde
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