Here is my choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2009-11-06.html

Enjoy!

If we place a Fibo in the last daily downleg, from 1.5062 to the 1.4625 lows, yesterday’s spike reached the 61.8% retracement. Now pair is hovering around the 50%, with indicators pointing to the downside, yet price moving above every MA. A clear acceleration under 1.4800/10, could send the pair to the 1.4770 area, followed by 1.4740. To the upside, I would like to see a 4 hours candle opening above 1.4860 to confirm more bullish bias, with 1.4890, 1.4925 and the 1.4970 area as next resistances to consider.

Here is my choice for today: enjoy!

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2009-11-03.html

Well, EUR/USD reached the expected 1.4640 level, and is still close to it, printing lower lows, suggesting rally is not still over, despite the pair is getting extremely oversold in smaller time frames. Pair needs to made an upside corrective movement before next down leg, yet if breaks under 1.4610, downside movement could extend to next key strong support of 1.4550 area before starting a correction. in between, 1.4580 will also offer some support to the pair, and final zone to consider today will be around 1.4500/10. Resistances from current level, are located at 1.4660, 1.4700 and 1.4740 zone.

Another failure attempt to break under 1.4680/1.4700 strong support level, has pushed the pair back to the upside almost 100 pips. Moving slowly, indicators show not enough strength at this point, to confirm a run higher above the 1.4810 resistance area; an acceleration trough that point, supported by growing optimism could push the pair higher to the 1.4850/60 area, next resistance level for today. Supports lie at 1.4740, the mentioned 1.4680/1.4700 support area, and 1.4640.

Here is today’s choice. i’m not so convinced about Gbp/Usd, yet if moves unde 1.6510 should extend the downside quickly. Enjoy!

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2009-10-30.html

Euro remains close to daily high, forming a small continuation flag in the 4 hours chart; fighting also with the 38.2% retracement of the last upleg, and after rebounding in the 20 SMA, pair is set to continue to the upside. I guess lower stocks around the world is what’s capping the rally at this point. Break above high will find next resistance around 1.4890, followed by 1.4925 and 1.4960. Supports come at today’s low 1.4810, 1.4770 and 1.4740.

Taking a look at 4 hours charts, pair has reached and remain over sold since past American session. Despite the strong fall, Eur failed to break the 61.8% retracement of the daily upleg, and right now is hitting 200 EMA, that usually acts as dynamic resistance level. Also, 20 SMA holds a strong bearish slope, so I expect some upside corrective movements, before next down leg. If the correction extends above 1.4810, then the downside will be more limited for today. Resistances from current level are 1.4770, 1.4810 and above, 1.4845, 38.2% of the rally. A 4 hours candle opening under 1.4700, will find next supports at 1.4670, and then 1.4620.

Against Murphy’s law, the report debut was great. Here is today’s idea. Enjoy!

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2009-10-28.html

You know i’m not a big friend of giving signals here. Taking trading decisions is something quite personal, and taking signals means you risk to trade something you are not analyzing but someone else. However, I decide to make a new small report, that will include likely entry points for me, for a particular pair per day.

Today I choose Eur/Usd; here is the link. Enjoy!

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/