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  #41  
Old 08-04-2011, 09:02
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Friday 8th of April 2011 GIGFX Daily Technical Analysis Report

EUR/USD

The ECB raised the interest rates 0.25% and this supports the rise of the European currency against the American dollar whereas, the pair is in the forming stage of another harmonic patter AB=CD where the rib BC represents 50.0% of Fibonacci's correction level for the rib AB so it is expected that, the rib CD will be completed at 200% of Fibonacci's continuous level for the rib BC, after the resistance level 1.4350 which represents the point B that has been broken during the Asian market trades, the pair will continue rising till reaching the level 1.4455 which represents 200.0% of Fibonacci's continuous level for the rib BC and also represents the point D that completes the pattern.

The stability of these expectations requires the stability of the support level 1.4350.


Res: 1.4349 1.4390 1.4443
Pivot: 1.4296
Sup: 1.4255 1.4202 1.4161




GBP/ USD

Yesterday, the pair continued rising after forming a pirate flag pattern which supports the continuity of the bullish direction. The pair broke the top border of this pattern reaching the resistance level 1.6380 that the pair is testing till the moment expecting more rising during today's intraday trades, supported by the formed pattern that was formed on yesterday's price action targeting the resistance level 1.6490 but under the condition of breaking the resistance level 1.6380.

The stability of these expectations requires the stability of the support level 1.6320.


Res: 1.6357 1.6393 1.6441
Pivot: 1.6309
Sup: 1.6273 1.6225 1.6189



USD/CHF

The pair is continuing its corrective bearish direction after breaking the bottom border of the bullish channel for the short and the medium-term. During the last trades, the pair tried to confirm breaking the support level 0.9127 which represents 50.0% of Fibonacci's correction level for the bullish move (from 0.8915 to 0.9339), if the pair broke this level with stability below, this will force the pair to decline targeting the level 0.9015 which represents 76.4% of Fibonacci continuous level for the same mentioned bullish direction furthermore, it also represents the target of breaking out of the bullish channel.

The stability of these expectations requires the stability of the resistance level 0.9190.


Res: 0.9192 0.9220 0.9240
Pivot: 0.9172
Sup: 0.9144 0.9124 0.9096



USD/CAD

The pair direction is the bearish direction for the medium and the short-terms whereas a harmonic pattern AB=CDis formed on the price movement and the pair is moving now in the last wave of the pattern which is the CD wave which also targets the support level 0.9479 to complete the pattern by forming this wave, therefore it's expected forthe pair to continue declining ( with the probability of retesting the price to the resistance level 0.9612 which represents the B point for the formed pattern ).

But succeeding this scenario up depends on the stability of the resistance level 0.9612.


Res: 0.9611 0.9643 0.9664
Pivot: 0.9590
Sup: 0.9558 0.9537 0.9505




AUD/USD

Continuality for what was mentioned in the previous reports that the pair is continuing rising achieving a new record by reaching the level 1.0506 during yesterday trades after succeeding the pair to break the resistance level 1.0449, the pair will try to get out of this bullish channel during the intraday trades to form a new bullish direction reaching the level 1.0695 which represents 200% Fibonacci retracement continuous level for the bearish direction ( from 1.0200 to 0.9705 ), expecting that the price will get out of this channel after breaking the resistance level 1.0506 with a good close above it.

This expectation depends on the stability of the support level 1.0449.


Res: 1.0511 1.0555 1.0604
Pivot: 1.0462
Sup: 1.0418 1.0369 1.0325


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  #42  
Old 11-04-2011, 09:02
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Monday 11th of April 2011 GIGFX Daily Technical Analysis Report

EUR/USD

The trades of last week saw the continuity of declining the European currency against the U.S dollar as the pair achieved the highest price in 15 months at the level 1.4482, by reaching this level, the pair completed the harmonic pattern AB=CD which was targeting the level 1.4455 that represents the point D that completes the pattern. Despite of this bearish beginning of this week's trades, this declining will not remain for a long time as it is expected with breaking the level 1.4482 that, the pair will continue rising targeting to reach the next resistance level at 1.4521.

The stability of these expectations requires the stability of the support level 1.4350.


Res: 1.4545 1.4609 1.4736
Pivot: 1.4418
Sup: 1.4354 1.4227 1.4163


GBP/ USD

The bullish direction is still dominating the price action of the pair for the near and long-term and also for the intraday levels. it noticed that the pair formed a harmonic pattern AB=CD and is moving in the range of the last wave CD which is supposed to target the resistance level 1.6490 in order to complete the pattern.

The stability of these expectations requires the stability of the support level 1.6325.


Res: 1.6440 1.6489 1.6553
Pivot: 1.6376
Sup: 1.6327 1.6263 1.6214


USD/CHF

The pair continued its corrective bearish direction for the short-term as it succeeded to break the support level 0.9127 which represents 50.0% of Fibonacci's correction level for the bullish move (from 0.8915 to 0.9339). The last intraday trades were at the support level 0.9077 expecting to break this level down targeting the level 0.9015 which represents 76.4% of Fibonacci's correction level for the same bullish move and also represents the target of breaking out this bullish channel.

The stability of these expectations requires the stability of the resistance level 0.9127.


Res: 0.9140 0.9196 0.9225
Pivot: 0.9111
Sup: 0.9055 0.9026 0.8970


USD/CAD

As noticed in the char for the medium and the long-terms, the pair is taking the bearish direction as a main direction till it's stability inside the bearish channel therefore it's expected that the pair will continue declining till re-testing the support level 0.9460 which represents the lower border for the bearish channel but if the pair broke the resistance level 0.9570 which represents the top border for the channel and the stability of the pair above it, then the pair will target the resistance level 0.9657.


Res: 0.9594 0.9628 0.9663
Pivot: 0.9559
Sup: 0.9525 0.949 0.9456


AUD/USD

Although of breaking the resistance level 1.0506 which represents 161.8% Fibonacci retracement complement level for the bearish direction ( from 1.0200 to 0.9705 ) however it's still unable to break the top border for the bullish channel, whereas the pair registered a new record by reaching the level 1.0565, expecting with succeeding in breaking this level and with getting out of the bullish channel then the pair will start to form a bullish sub-direction by reaching the level 1.0695 which represents 200% Fibonacci retracement continuous level for the same previous mentioned bearish direction.

This expectation depends on the stability of the support level 1.0506.


Res: 1.0601 1.0640 1.0715
Pivot: 1.0526
Sup: 1.0487 1.0412 1.0373



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  #43  
Old 12-04-2011, 08:49
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Tuesday 12th of April 2011 GIGFX Daily Technical Analysis Report

EUR/USD

During yesterday trades the pair was unable to break the resistance level 1.4482 forming a top and used it to decline to re-test the nearest support levels and what helped this declining is forming the harmonic pattern completely. It is expected that, the pair will continue declining during the upcoming trades to test the support level 1.4350 at which the price is expected to coincide with the bullish trendline which matches the point A with C. If a bottom has been formed in the coinciding area, the pair will rise targeting to re-test the resistance level 1.4482 again, but in the case of breaking the support level 1.4350 the pair will decline targeting to reach the level 1.4245.

Res: 1.4472 1.4509 1.4535
Pivot: 1.4446
sup: 1.4409 1.4383 1.4346


GBP/ USD

After the pair faced the resistance level 1.6425 twice, it reflected downwards forming a double top reversal pattern in which the bottom border coincides with 23.6% of Fibonacci's correction levels for the last bullish wave for the near-term and the targets of this pattern also coincide with these Fibonacci's correction levels, after the pair broke the support level 1.6310 which represents the base line for the pattern, it is expected to target testing the support level 1.6240 as the first targets for the formed pattern which coincides with 38.2% of Fibonacci's correction level that was mentioned before and in the case of succeeding the pair to break this level it will target immediately to reach the level 1.6180 which represents 50.0% of the same Fibonacci's levels.

The stability of these expectations requires the stability of the resistance level 1.6310.


Res: 1.6407 1.6471 1.6518
Pivot: 1.6360
Sup: 1.6296 1.6249 1.6185



USD/CHF

As was expected through yesterday report, the pair continued declining till reached the level 0.9015 which represents the target of breaking out the bullish channel and at the same time represents 76.4% of Fibonacci's correction level for the bullish move (from 0.8915 to 0.9339). With the confirmation of breaking the level 0.9015 with stability below it is expected that, the pair will continue declining till reaches the next support level at 0.8915.

The stability of these expectations requires the stability of the resistance level 0.9127.


Res: 0.9097 0.9129 0.9154
Pivot: 0.9072
sup: 0.9040 0.9015 0.8983


USD/CAD

After trading the pair during the previous medium and the long-terms inside the bearish channel, at the beginning of the intraday trades the pair broke the top border of the channel which gives some expectations that the pair during the upcoming intraday trades is dominated by the bullish direction and will try reaching the resistance level 0.9657 which tried to reach it yesterday but the pair must break the resistance level 0.9614 but also the pair may retest the support level 0.9571 which represents the top border for the channel.

This expectation depends on the stability of the pair above the support level 0.9571


Res: 0.9579 0.9595 0.9614
Pivot: 0.956
Sup: 0.9544 0.9525 0.9509



AUD/USD

The pair formed a new bullish top at the level 1.0579 using the top border for the bullish channel which the pair is still moving inside this channel for the medium and the short-terms, the pair was pushed down from this top till it reached the bottom border, if the last bearish wave represents the begin of the corrective bearish direction then the lower border for the bullish channel must be broken also with breaking the trend line 23.6% Fibonacci retracement correction level for the bullish direction ( from 0.9705 to 1.0579 ) then the pair will continue declining till the support level 1.0290 which is expected to coincide at it the price with the line 38.2% Fibonacci retracement correction level for the same mentioned bullish direction.


Res: 1.0554 1.0615 1.0651
Pivot: 1.0518
Sup: 1.0457 1.0421 1.0360


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  #44  
Old 13-04-2011, 08:24
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Wednesday 13th of April 2011 GIGFX Daily Technical Analysis Report

EUR/USD

The pair is still keeping the bullish direction as the main direction for the medium-term which was formed through moving inside a bullish channel, the pair used touching the bottom border of this channel to form a new bullish bottom which represents the point C for the harmonic pattern AB=CD, during the last intraday trades it is noticed that, the pair is trying to confirm breaking the resistance level 1.4482 which represents the point B, and if the pair succeeded to confirm this breaking, it will continue rising to form the remaining part of the rib CD which targets to reach the level 1.4615 which represents one of the resistance levels of the top border of the bullish channel and at the same time represents the point D that completes the harmonic pattern.

The stability of these expectations requires the stability of the support level 1.4375.


Res: 1.4538 1.4599 1.4680
Pivot: 1.4457
Sup: 1.4396 1.4315 1.4254


GBP/ USD

After the pair faced the resistance level 1.6425 twice, it reflected downwards forming a double top reversal pattern in which the bottom border coincides with 23.6% of Fibonacci's correction levels for the last bullish wave for the near-term and the targets of this pattern also coincides with these Fibonacci's correction levels, after the pair broke the support level 1.6310 which represents the base line for the pattern, it is expected to target testing the support level 1.6240 as the first targets for the formed pattern which coincides with 38.2% of Fibonacci's correction level that was mentioned before and in the case of succeeding the pair to break this level it will target immediately the level 1.6180 which represents 50.0% of the same Fibonacci's levels.

The stability of these expectations requires the stability of the resistance level 1.6310.

Yesterday analysis is still remaining


Res: 1.6326 1.6398 1.6448
Pivot: 1.6276
Sup: 1.6204 1.6154 1.6082



USD/CHF

As it was expected through yesterday report, the pair succeeded to break the support level 0.9015 down to continue declining achieving the lowest price for yesterday trades by reaching the level 0.8941, with breaking this level it is expected that, the pair will continue declining during the upcoming trades targeting the support level 0.8915 which with its breaking down the pair is expected to continue declining till reaches the level 0.8801 which represents 127.0% of Fibonacci's continuous level for the bullish move (from 0.8915 to 0.9339).

The stability of these expectations requires the stability of the resistance level 0.9015.


Res: 0.9049 0.9129 0.9183
Pivot: 0.8995
Sup: 0.8915 0.8861 0.8781



USD/CAD

The pair continued declining during the last trades for the long and medium-terms, the pair formed a pattern which is the rounding bottom whereas it's noticed that the pair took a rounding curve, it took this shape during the long-term trades therefore it's expected that the pair will take the bullish direction during the intraday trades but the pair must break the resistance level 0.9623 which represents the midline for the pattern, and also it must do a good close above it because this will push the pair to target the resistance level 0.9671 and with the stability above this level, then the pair may reach the resistance level 0.9721.

This expectation depends on breaking the pair the resistance level 0.9624 and the stability above it.


Res: 0.9673 0.9714 0.9774
Pivot: 0.9613
Sup: 0.9572 0.9512 0.9471



AUD/USD

The pair formed a new bullish bottom for the medium and the short-terms using coinciding the bottom border for the bullish channel with 23.6% Fibonacci fan correction level for the bullish direction (from 0.9705 to 1.0579), expecting with the stability of the support level 1.0425 that the pair will continue rising using this bottom to retest the resistance level 1.0580 which with breaking it up the pair will continue registering a new records.

This expectation depends on the stability of the support level 1.0425


Res: 1.0507 1.0579 1.0639
Pivot: 1.0447
Sup: 1.0375 1.0315 1.0243


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  #45  
Old 14-04-2011, 08:34
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Thursday 14th of April 2011 Daily Technical Analysis Report

EUR/USD

Yesterday trades were in a bearish narrow range although this bearish narrow move, the pair is still moving inside a bullish channel for the medium-term, the continuity of existing the positive divergence that continues the bullish direction is noticed through this chart, these positive signs confirms the tendency of the pair to continue rise so that a new bullish bottom has been formed when the pair faced the bottom border of the bullish channel, it is expected that the pair will continue rise during the upcoming trades targeting to form the remaining part of the harmonic pattern AB=CD which targets to reach the level 1.4615 which represents the point D that completes the harmonic pattern.

The stability of these expectations requires the stability of the support level 1.4375.


Res: 1.4503 1.4564 1.4609
Pivot: 1.4458
Sup: 1.4397 1.4352 1.4291



GBP/ USD

The support level 1.6240 which represents 38.2% of Fibonacci's correction level for the last bullish wave for the medium-term held and supported the pair to return rising again breaking the level 1.6310 which represents 23.6% of the same Fibonacci's correction level expecting more rising during today's intraday trades targeting the resistance level 1.6425 at which the pair formed a top previously, this level is important as it will determine the upcoming direction for the pair during the medium-term trades.

The stability of these expectations requires the stability of the support level 1.6310.


Res: 1.6305 1.6342 1.6377
Pivot: 1.6270
Sup: 1.6233 1.6198 1.6161



USD/CHF

The pair is still declining for short, medium and long-terms, it was expected through the last report that the pair will try to break the support level 0.8915 and this is what the pair tried to do during the last intraday trades, with breaking this level it is expected that the pair will continue declining till reach the level 0.8801 which represents 127.0% of Fibonacci's continuous level for the bullish move (from 0.8915 to 0.9339).

The stability of these expectations requires the stability of the resistance level 0.9015.


Res: 0.8993 0.9023 0.9056
Pivot: 0.8960
Sup: 0.8930 0.8897 0.8867


USD/CAD

During the previous trades for the medium-term the pair didn't determine a certain direction whereas it was confined between the resistance level 0.9641and the support level 0.9565 therefore it's expected that the pair will take the bullish direction and if the pair is able to break the resistance level 0.9609which represents 50.0% Fibonacci retracement for the last bearish wave and the stability above it therefore the pair will retest the resistance level 0.9641 then the resistance level 0.9653 which represents 76.4% from the same previous mentioned Fibonacci retracement levels but the pair must break the resistance level 0.9628 which represents 61.8% from the same previous mentioned Fibonacci retracement levels.

This expectation depends on breaking the pair the resistance level 0.9609 which represents 50.0% Fibonacci retracement levels.


Res: 0.9653 0.9686 0.9721
Pivot: 0.9618
Sup: 0.9585 0.9550 0.9517



AUD/USD

Seems that the pair is able to retest the resistance level 1.0580 again, whereas it is still moving inside the bullish channel for the medium and the short-terms, expecting with continuing the stability of the lower border for the channel and the stability of the support level 1.0460 the pair will continue rising during the next trades reaching the level 1.0580 which with breaking it up the pair will register a new records.

This expectation depends on the stability of the support level 1.0460.


Res: 1.0551 1.0599 1.0661
Pivot: 1.0489
Sup: 1.0441 1.0379 1.0331


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  #46  
Old 15-04-2011, 09:35
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Friday 15th of April 2011 Daily Technical Analysis Report

EUR/USD

The bullish direction is still dominating the price action of the pair for the short and the medium-term and it is noticed that it is moving inside a bullish channel, yesterday the pair tested the bottom border of the channel at the support level 1.4410 from which it reflected upside expecting more rising during today's intraday trades targeting the resistance level 1.4625 but under the condition of breaking the strong resistance level 1.4510.

The stability of the expectations requires the stability of the support level 1.4410.


Res: 1.4503 1.4564 1.4609
Pivot: 1.4458
Sup: 1.4397 1.4352 1.4291


GBP/ USD

The support level 1.6240 which represents 38.2% of Fibonacci's correction level for the last bullish wave for the medium-term held and supported the pair to return rising again breaking the level 1.6310 which represents 23.6% of the same Fibonacci's correction level expecting more rising during today's intraday trades targeting the resistance level 1.6425 at which the pair formed a top previously, this level is important as it will determine the upcoming direction for the pair during the medium-term trades.

The stability of these expectations requires the stability of the support level 1.6310.

Yesterday analysis is still remaining


Res: 1.6403 1.6456 1.6531
Pivot: 1.6328
Sup: 1.6275 1.6200 1.6147


USD/CHF

The pair is still declining for short, medium and long-terms, it was expected through the last report that the pair will try to break the support level 0.8915 and this is what the pair tried to do during the last intraday trades, with breaking this level it is expected that the pair will continue declining till reaches the level 0.8801 which represents 127.0% of Fibonacci's continuous level for the bullish move (from 0.8915 to 0.9339).

The stability of these expectations requires the stability of the resistance level 0.9015.

Yesterday analysis is still remaining


Res: 0.8993 0.9023 0.9056
Pivot: 0.8960
Sup: 0.8930 0.8897 0.8867


USD/CAD

As noticed in the chart, during the previous trades for the medium-term the pair formed a bullish channel therefore it's expected that the pair will continue the bullish scenario inside this channel till reaching the resistance level 0.9678 which represents the top border for the previous mentioned channel.
But if the pair is able to break the support level 0.9607 which represents the lower border for the channel with stability below it, the pair will change it's bearish direction till reaching the support level 0.9549.


Res: 0.9652 0.9697 0.9727
Pivot: 0.9622
Sup: 0.9577 0.9547 0.9502


AUD/USD

As noticed in the chart, the bullish direction is still dominating the pair direction for the medium and the short-terms whereas the harmonic pattern which is the ( AB=CD ) butterfly pattern is formed on the price action which is now moving in the last wave for the CD rib which targets the resistance level 1.0686 to end the pattern by forming this wave therefore it's expected that the bullish scenario will be continued ( with the probability of retesting the support level 1.0464) but confirming this pattern the pair must break the resistance level 1.0569 which represents the B point with stability above it.

Succeeding this scenario; the pair must break the resistance level 1.569 and the stability above it which represents the B point.


Res: 1.0574 1.0607 1.0666
Pivot: 1.0515
Sup: 1.0482 1.0423 1.0390


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  #47  
Old 18-04-2011, 09:08
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Monday 18th of April 2011 Daily Technical Analysis Report

EUR/USD

It is noticed through this chart that the pair formed a confusion area between the resistance level 1.4519 and the support level 1.4401, at the beginning of this week's trades the pair registered a bearish gab that pushed the pair downside breaking the bottom border of the confusion area as the bottom border represents 23.6% of Fibonacci's correction level for the bullish move (from 1.4020 to 1.4519) so it is expected that the pair will continue declining targeting the level 1.4269 which represents the target of breaking out this confusion area and at the same time represents 50.0% of the same Fibonacci's correction level. In order to reach this level, the pair should break the support level 1.4228.

The stability of these expectations requires the stability of the resistance level 1.4401.

Res: 1.4491 1.4554 1.4604
Pivot: 1.4441
Sup: 1.4378 1.4328 1.4265



GBP/ USD

At the end of the last week trades and at the beginning of this week trades, the pair declined after tried to test the resistance level 1.6425 that the pair was unable to test expecting to form (gartley) harmonic pattern and the pair now is moving in the last wave of this pattern targeting the support level 1.6180 which represents the point D for the pattern and also coincides with 50.0% of Fibonacci's correction level for the bullish wave XA, this coinciding supports the strength of the pattern but it is needed to strong confirmation by breaking the support level 1.6240 which represents the point B for the pattern and also represents 38.2% of the same Fibonacci's correction level.

The stability of these expectations requires the stability of the resistance level 1.6310.


Res: 1.6351 1.6402 1.6432
Pivot: 1.6321
Sup: 1.6270 1.6240 1.6189



USD/CHF

The pair is still moving inside a bearish channel for the short and the medium-term, the existence of a positive divergence is noticed and this reflects the bearish direction, so it is clear that the pair is rising trying to break the top border of the bearish channel and if the pair succeeded to do so, it will continue rising till reach the level 0.9065 which represents the target of breaking out the bearish channel and at the same time represents 38.2% of Fibonacci's correction level for the bearish move (from 0.9339 to 0.8896).

The stability of these expectations requires the stability of the support level 0.8896.


Res: 0.8952 0.8976 0.8994
Pivot: 0.8934
sup: 0.8910 0.8892 0.8868



USD/CAD

As noticed in the chart that the pair has broken the bearish channel which was mentioned in the end of the last week therefore it's expected that during the intraday trades the pair will try to retest the resistance kevel 0.9637 which represents the bottom border for the bearish channel then trying to test the support level 0.9586 and the stability below it therefore the pair will continue declining till reaching the support level 0.9553.

This expectation depends on the stability of the resistance level 0.9634.


Res: 0.9635 0.9670 0.9692
Pivot: 0.9613
Sup: 0.9578 0.9556 0.9521



AUD/USD

As expected in the previous reports that the pair continue rising till it retested the resistance level 1.0580, this bullish move continued inside the mentioned bullish channel, the pair was unable to break the mentioned resistance level to form a new top which is the second consecutive top at the same level to be provided by that one of the conditions of the reflective pattern for the bullish direction ( double tops ) and the base of the pattern is at the support level 1.0425, if the pair is able to break the lower border for the bullish channel that will give the new confirmation on remaining a complete pattern, whereas the pair will continue declining to reach the targeted price at the support level 1.0270.

This expectation depends on the stability of the resistance level 1.0580.


Res: 1.0590 1.0617 1.0657
Pivot: 1.0550
Sup: 1.0523 1.0483 1.0456



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  #48  
Old 19-04-2011, 09:07
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Tuesday 19th of April 2011 Daily Technical Analysis Report

EUR/USD

As it was expected through yesterday report, the pair continued its corrective declining as it continued declining till reached the level 1.4269 which represents the target of exiting the confusion area and at the same time represents 50.0% of Fibonacci's correction level for the bullish move (from 1.4020 to 1.4519), the pair was able to break this level as it is trading now above the support level 1.4211 which represents 61.8% of the same Fibonacci's level for the same bullish move, it is expected that the pair will continue declining till reach the level 1.4138 followed by the level 1.4020.

The stability of these expectations requires the stability of the resistance level1.4350.


Res: 1.4385 1.4535 1.4649
Pivot: 1.4271
Sup: 1.4121 1.4007 1.3857



GBP/ USD

At the end of the last week trades and at the beginning of this week trades, the pair declined after tried to test the resistance level 1.6425 that the pair was unable to test expecting to form (gartley) harmonic pattern and the pair now is moving in the last wave of this pattern targeting the support level 1.6180 which represents the point D for the pattern and also coincides with 50.0% of Fibonacci's correction level for the bullish wave XA, this coinciding supports the strength of the pattern but it is needed to strong confirmation by breaking the support level 1.6240 which represents the point B for the pattern and also represents 38.2% of the same Fibonacci's correction level.

The stability of these expectations requires the stability of the resistance level 1.6310.

Yesterday analysis is still remaining


Res: 1.6339 1.6413 1.6500
Pivot: 1.6252
Sup: 1.6178 1.6091 1.6017



USD/CHF

Yesterday trades for the USD/CHF pair saw exiting the trades out of the bearish channel for the near and the medium-term as it was expected through yesterday report so that, it is expected that the pair will continue its corrective rising targeting to reach the level 0.9065 which represents the target of exiting out of the bearish channel and at the same time represents 38.2% of Fibonacci's correction level for the bearish move (from 0.9339 to 0.8896).

The stability of these expectations requires the stability of the support level 0.8896.


Res: 0.9006 0.9049 0.9100
Pivot: 0.8955
Sup: 0.8912 0.8861 0.8818


USD/CAD

As noticed in the chart that during the previous medium-term trades the pair rose inside the bullish channel although trying it to break the channel yesterday but it's expected that the pair will continue rising during the intraday trades till testing the resistance level 0.9708 which represents the top border for the channel.
But if the pair breaks the resistance level 0.9629 which represents the bottom border for the channel and the stability below this level therefore the pair will target the support level 0.9590 then the resistance level 0.9544.


Res: 0.9712 0.9783 0.9846
Pivot: 0.9649
Sup: 0.9578 0.9515 0.9444


AUD/USD

During yesterday trades the pair was able to break the bottom border for the bullish channel continuing declining giving the first confirmation on remaining a reflective bullish ( double consecutive tops ) divergence pattern, the pair is targeting to reach the support level 1.0425 which represents the base of the pattern which forming breaking it down, the last confirmation on remaining the pattern, if the pair is able to break the base of the pattern therefore it will continue declining reaching the targeted area which is confined between the level 1.0285 and the level 1.0245 which represents 38.2% Fibonacci retracement correction level for the bullish direction ( from 0.9705 to 1.0580 ).

This expectation depends on the stability of the resistance level 1.0510.


Res: 1.0567 1.0628 1.0685
Pivot: 1.0510
Sup: 1.0449 1.0392 1.0331


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  #49  
Old 20-04-2011, 09:21
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Wednesday 20th of April 2011 Daily Technical Analysis Report

EUR/USD

Yesterday trades saw a lot of bullish positions on the European currency against the dollar; these bullish positions were supported by the positive European economic data. through this chart it is noticed that the trades are holding above the bullish trendline for the long-term and also were above the support level 1.4211 which represents 61.8% of Fibonacci's correction level for the bullish move (from 1.4020 to 1.4519) so that the pair formed a bottom and used it to rise to re-test the nearest resistance level, one of them is the level 1.4401 which was representing a support level for a confusion area, if these bullish positions continued the pair may be able to break the resistance level 1.4401 up then it will continue rising targeting the next resistance level 1.4519.

The stability of these expectations requires the stability of the support level 1.4350.

Res: 1.4389 1.4444 1.4536
Pivot: 1.4297
Sup: 1.4242 1.4150 1.4095


GBP/ USD

On the contrary of what was expected in yesterday report, the support level 1.6250 held against the pair testing for the second straight time and this resulted in rising the pair forming a sideways movement for the near-term between the resistance level 1.6425 and the support level 1.6250 expecting more rising during today's intraday trades targeting the resistance level 1.6425 which coincides with the medium border of the bullish pitchfork channel.

The stability of these expectations requires the stability of the support level 1.6250.

Res: 1.6355 1.6397 1.6460
Pivot: 1.6292
Sup: 1.6250 1.6187 1.6145


USD/CHF

The pair was unable to break the resistance level 0.9001 and formed a new top at the same level, with forming this top the existence of a negative divergence that shifts the bullish direction for the near-term is noticed. so it is expected that the pair will return to decline for the medium-term targeting to test the support level 0.8896 which with its breaking down the pair will continue declining till reaches the level 0.8827 which represents 161.8% of Fibonacci's continuous level for the bullish move (from 0.8896 to 0.9007).

The stability of these expectations requires the stability of the resistance level 0.9001.

Res: 0.9022 0.9045 0.9084
Pivot: 0.8983
Sup: 0.8960 0.8921 0.8898


USD/CAD

As noticed in the chart that yesterday the pair broke the support level 0.9634which represents the lower border for the bullish channel till the pair became between the resistance level 0.9571 which represents 76.4% Fibonacci retracement correction level and the support level 0.9523 which represents the mentioned starting point for the bullish channel.
As noticed, the pair is trying to break the support level 0.9571 and the stability below this level will make the pair continue declining till the support level 0.9470 which represents 127.0% Fibonacci retracement correction level.
But in case of retesting the pair to the resistance level 0.9571 and the stability of the pair above it,then the pair will target the resistance level 0.9571 which represents 61.8%from the same mentioned Fibonacci retracement correction levels.


Res: 0.9633 0.9708 0.9751
Pivot: 0.9590
Sup: 0.9515 0.9472 0.9397


AUD/USD

A new bottom has been formed during yesterday trades near to the support level 1.0425, this bottom pushed the pair to rise again trying to break the resistance level 1.0580, therefore the probability of remaining the reflective divergence which was mentioned through the previous reports ends, if the resistance level 1.0580 is broken; the pair will continue rising till reaches the level 1.0627 then the level 1.0692 which represents 127% and 161.8% Fibonacci retracement continuous level for the bearish direction ( from 1.0580 to 1.0385 ).

This expectation depends on the stability of the resistance level 1.0510.

Res: 1.0554 1.0586 1.0642
Pivot: 1.0498
Sup: 1.0466 1.0410 1.0378


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  #50  
Old 21-04-2011, 09:03
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Thursday 21st of April 2011 Daily Technical Analysis Report

EUR/USD

As it was expected through yesterday report, the bullish strong positions pushed the pair to break the resistance level 1.4401 to continue rising till reached the resistance level 1.4519, this level also was unable to hold along against rising the pair and indeed it has been broken up, during the trades of the Asian market the pair continued its strong rising till reached the level 1.4617 which represents 127% of Fibonacci's continuous level for the bearish move (from 1.4519 to 1.4157), it is expected with breaking this level that the pair will continue rising till reaches the level 1.4743 which represents 161.8% of Fibonacci's continuous level for the same mentioned move.

The stability of these expectations requires the stability of the support level 1.4519.


Res: 1.4602 1.4683 1.4820
Pivot: 1.4465
Sup: 1.4384 1.4247 1.4166



GBP/ USD

As it was expected through yesterday report the pair succeeded to rise reaching the level 1.6425 amid strong bullish positions that pushed the pair to break this level with stability above it expecting more rising during the upcoming intraday trades targeting the resistance level 1.6495 which represents 127% of Fibonacci's continuous level for the last corrective bearish wave for the medium-term then reflecting to re-test the previously broken level 1.6425.


Res: 1.6451 1.6496 1.6568
Pivot: 1.6379
Sup: 1.6334 1.6262 1.6217


USD/CHF

The pair was unable to break the resistance level 0.9001 and formed a new top at the same level; with forming this top the existence of a negative divergence that shifts the bullish direction for the near-term is noticed. so it is expected that the pair will return to decline for the medium-term targeting to test the support level 0.8896 which with its breaking down the pair will continue declining till reaches the level 0.8827 which represents 161.8% of Fibonacci's continuous level for the bullish move (from 0.8896 to 0.9007).

The stability of these expectations requires the stability of the resistance level 0.9001.

Yesterday analysis is still remaining


Res: 0.9022 0.9045 0.9084
Pivot: 0.8983
Sup: 0.8960 0.8921 0.8898


USD/CAD

The bearish direction is still dominatingthe pair direction for the medium and the short-terms whereas forming the harmonic patternAB=CDis formed due to the price movement, it's moving now to form the last CD wave which is targeting the support level 0.9261 to end the pattern by finishing forming this wave therefore it's expected that the pair will continue declining with the probability of retesting the resistance level 0.9524 which represents the B point for the formed pattern.
Success of this scenario depends on the stability of the resistance level 0.9524 which represents the B point.


Res: 0.9558 0.9595 0.9627
Pivot: 0.9526
Sup: 0.9489 0.9457 0.9420


AUD/USD

Registering new records for the AUD/USD pair is still remaining till now, the pair achieved the highest price during yesterday trades at 1.0714 which was able to break it with the Asian trades continuing registering a new records, continuing rising the pair is expected reaching the level 1.0795 which represents 26.18% Fibonacci retracement continuous level for the bearish direction ( from 1.0577 to 1.0442 ).

This expectation depends on the stability of the support level 1.0680.


Res: 1.0777 1.0844 1.0974
Pivot: 1.0647
Sup: 1.0580 1.0450 1.0383


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  #51  
Old 22-04-2011, 09:01
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Friday 22nd of April 2011 Daily Technical Analysis Report

EUR/USD

During yesterday trades the pair continued rising before forming a top at the level 1.4648, this top pushed the pair downside to re-test the nearest support levels, the pair continued declining till reached the support level 1.4519 forming a bottom that is expected to be bullish bottom for the near-term, the pair rose from this bottom targeting to re-test the level 1.4648 which with its breaking the pair will continue rising till reach the level 1.4743 which represents 161.8% of Fibonacci's continuous level for the bearish move (from 1.4519 to 1.4157).

The stability of these expectations requires the stability of the support level 1.4519.

Res: 1.4631 1.4711 1.4774
Pivot: 1.4568
Sup: 1.4488 1.4425 1.4345


GBP/ USD

As it was expected through yesterday report, the pair rose inside the pitchfork channel as it broke up the middle rib of this channel expecting more rising during today's intraday trades targeting the resistance level 1.6660 which coincides with the top border of this channel.

The stability of these expectations requires the stability of the support level 1.6495.


Res: 1.6451 1.6496 1.6568
Pivot: 1.6379
Sup: 1.6334 1.6262 1.6217


USD/CHF

As it was expected through yesterday report, the pair continued declining registering new historical records as it reached the level 0.8827 which was unable to be stable against the pair's strong declining which remained till the level 0.8786 which represents 200% of Fibonacci's continuous level for the bullish move (from 0.8896 to 0.9007), the pair formed a bottom at this level and pushed from it upside to re-test the nearest resistance levels, the pair is trading around the level 0.8866 and if it succeeded to break this level up it will continue rising till reach the level 0.900, but the pair is expected to form a top that will force it to return declining to re-test the support level 0.8786 which with its breaking down the pair will target the level 0.8718 which represents 261.8% of Fibonacci's continuous level for the same mentioned bullish move.

The stability of these expectations requires the stability of the resistance level 0.8866.


Res: 0.8908 0.8956 0.9020
Pivot: 0.8844
Sup: 0.8796 0.8732 0.8684


USD/CAD

The bearish direction is still dominating the pair direction for the medium and the short-terms whereas forming the harmonic pattern AB=CD is still in process due to the price movement, it's moving now to form the last CD wave which is targeting the support level 0.9261 to end the pattern by finishing forming this wave therefore it's expected that the pair will continue declining with the probability of retesting the resistance level 0.9524 which represents the B point for the formed pattern.
Success of this scenario depends on the stability of the resistance level 0.9524 which represents the B point.

Yesterday analysis is still remaining


Res: 0.9559 0.9589 0.9643
Pivot: 0.9505
Sup: 0.9475 0.9421 0.9391


AUD/USD

Registering new records for the AUD/USD pair is still remaining till now, the pair achieved the highest price during yesterday trades at 1.0773, a top will be formed which will push the pair down retesting the support level 1.0725, if a bottom is formed at this level therefore it's expected that there's a bullish move again during the next trades by reaching the level 1.0795 which represents 26.8% Fibonacci retracement continuous level for the bearish direction ( from 1.0577 to 1.0442 ).

This expectation depends on the stability of the support level 1.0725.


Res: 1.0787 1.0829 1.0885
Pivot: 1.0731
Sup: 1.0689 1.0633 1.0591


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  #52  
Old 25-04-2011, 09:56
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Monday 25th of April 2011 GIGFX Daily Technical Analysis Report

EUR/USD

The trades of the last week were narrow as a result of the European banks' holiday, it is expected to continue these narrow trades during today's trades as it is supposed to move between the resistance level 1.4605 and the support level 1.4530 but in the case of breaking the level 1.4605 up it is expected that the pair will rise targeting the level 1.4743 which represents 161.8% of Fibonacci's correction level for the bearish move (from 1.4519 to 1.4157).

The stability of these expectations requires the stability of the support level 1.4519.


Res: 1.4584 1.4614 1.4639
Pivot: 1.4559
Sup: 1.4529 1.4504 1.4474



GBP/ USD

As it was expected through the last week's report, the pair rose inside the pitchfork channel as it broke up the middle rib of this channel expecting more rising during today's intraday trades targeting the resistance level 1.6660 which coincides with the top border of this channel.

The stability of these expectations requires the stability of the support level 1.6495.


Res: 1.6555 1.6596 1.6625
Pivot: 1.6526
Sup: 1.6485 1.6456 1.6415



USD/CHF

It is noticed through this chart that the last trades were narrow as a result of the holiday of the Swiss banks which is still remaining till now although with the beginning of this week so that it is expected for the pair to continue trading in narrow trades, but if the pair broke the resistance level 0.8866 more rising is expected for the pair till reach the level 0.9001 and if the pair broke the support level 0.8786 downwards, the pair will continue declining till reach the next support level 0.8718.


Res: 0.8881 0.8894 0.8912
Pivot: 0.8863
Sup: 0.8850 0.8832 0.8819



USD/CAD

Since last week the bearish direction is still dominating the pair direction for the medium and the short-terms whereas forming the harmonic pattern AB=CD is still in process due to the price movement, it's moving now to form the last CD wave which is targeting the support level 0.9261 to end the pattern by finishing forming this wave therefore it's expected that the pair will continue declining with the probability of retesting the resistance level 0.9524 which represents the B point for the formed pattern.
Success of this scenario depends on the stability of the resistance level 0.9524 which represents the B point.

Yesterday analysis is still remaining


Res: 0.9538 0.9547 0.9558
Pivot: 0.9527
Sup: 0.9518 0.9507 0.9498




AUD/USD

The pair is still unable to break the resistance level 1.773 till now to form another top pushed down from it to retest the nearest support levels, from it the level 1.0712 if a bottom is formed at this level means rising again by reaching the level 1.0795 which represents 261.8% Fibonacci retracement continuous level for the bearish direction ( from 1.0577 to 1.0442 ) but in case of breaking the support level 1.0712 down means a further drop till the next support level 1.0660.


Res: 1.0755 1.0773 1.0791
Pivot: 1.0737
Sup: 1.0719 1.0701 1.0683


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  #53  
Old 26-04-2011, 08:57
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Tuesday 26th of April 2011 GIGFX Daily Technical Analysis Report

EUR/USD

As it is noticed through this chart, the pair broke the support level 1.4532 which represents 23.6% of Fibonacci's correction level for the bullish move (From 1.4157 to 1.4648) giving the first sign of the beginning of its bearish corrective direction for the near-term, it is expected that the pair will decline targeting the level 1.4403 which represents 50.0% of Fibonacci's correction level for the same bullish move but under the condition of breaking the support level 1.4460.

The stability of these expectations requires the stability of the resistance level 1.4590.


Res: 1.4629 1.4678 1.4730
Pivot: 1.4577
Sup: 1.4528 1.4476 1.4427



GBP/ USD

The bullish direction is still dominating the pair trades for the near and medium-term as the pair is forming the harmonic pattern AB=CD, this pattern has been confirmed by breaking the level 1.6440 upside expecting more rising waves targeting the resistance level 1.6655 which is expected to be the end of the harmonic pattern (CD wave).

The stability of these expectations requires the stability of the support level 1.6440.


Res: 1.6544 1.6591 1.6630
Pivot: 1.6505
Sup: 1.6458 1.6419 1.6372


USD/CHF

It is noticed through this chart that the pair formed a second consecutive bottom at the support level 0.8780, and this is regarded as one of the conditions for the existence of a double bottom pattern that reverses the direction, the pair should break the top of this pattern at the resistance level 0.8878 then it will continue rising till reaches the level 0.8989 which represents the target of the pattern and at the same time represents 38.2% of Fibonacci's correction level for the bearish move (from 0.9339 to 0.8780).

The stability of these expectations requires the stability of the support level 0.8780

Res: 0.8866 0.8921 0.8968
Pivot: 0.8819
Sup: 0.8764 0.8717 0.8662


USD/CAD

The pair took the bearish direction as a dominant direction during the previous trades for the long and medium-terms, it formed a slight trend line, moving above this line to correct the direction which began from the level 0.9453.therefore while trading the pair above this line, it will reach the resistance level 0.9586 and the stability above this level will give the pair the chance to continue correcting the direction till reaching the resistance level 0.9657.
But the pairís ability on breaking this line at the support level 0.9527, this will be a sign on retesting the bottom where the corrective wave began from.


Res: 0.9566 0.9591 0.9623
Pivot: 0.9534
Sup: 0.9509 0.9477 0.9452


AUD/USD

As noticed in the chart, there are negative signs for the bullish direction represented by failing to break the resistance level 1.0773, also trading below the moving average, the last sign is breaking the support level 1.0712, all these signs confirms the beginning of a bearish corrective direction for the short-term. it's expected that it will retest the bullish trend line for the long-term which is expected to coincide at it the price with one of the confined support area between the level 1.0608 and the level 1.0568 which represents 50% and 61.8% Fibonacci retracement correction level for the bullish direction ( from 1.0442 to 1.0773 ).

This expectation depends on the stability of the resistance level 1.0730.


Res: 1.0768 1.0817 1.0860
Pivot: 1.0725
Sup: 1.0676 1.0633 1.0584



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  #54  
Old 28-04-2011, 09:47
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Thursday 28th of April 2011 GIGFX Daily Technical Analysis Report

EUR/USD

As it was expected through yesterday analysis, the pair continued rising till reached the level 1.4803 which represents 20.00% of Fibonacci's continuous level for the bearish move (from 1.4648 to 1.4493) to continue rising for the medium-term which is expected to continue inside a bullish channel, through this bullish direction it is noticed that the pair is in the forming stage of the pattern (1.2.3) that targets to reach the level 1.4985 which represents one of the resistance levels of the top border of the bullish channel.

The stability of these expectations requires the stability of the support level 1.4083.


Res: 1.4844 1.4901 1.5007
Pivot: 1.4738
Sup: 1.4681 1.4575 1.4518



GBP/ USD

As it was expected through yesterday analysis, the pair continued rising reaching the resistance level 1.6655 then broke it amid more rising expectations as it is forming the harmonic pattern AB=CD which has been confirmed by breaking the resistance level 1.6600 expecting more rising targeting the resistance level 1.6860 during today's intraday levels, the end of the pattern will be at this level; at the end of the wave CD, this level also coincides with the top border of the pitchfork channel as it is noticed through this chart, this confirms the expectations of rising the pair .

The stability of these expectations requires the stability of the support level 1.6600.


Res: 1.6720 1.6779 1.6922
Pivot: 1.6577
Sup: 1.6518 1.6375 1.6316



USD/CHF

The pair is still moving inside a bearish channel for the short and the medium-term, it was expected through yesterday report that the pair will use the existence of a positive divergence for the RSI index to rise to test the resistance level 0.8780 and this is what happened indeed then the pair continued rising till formed a top at the level 0.8835, this top coincided with the top border of the bearish channel, this top forced the pair to decline to test the nearest support level, the pair is in its way to test the support level 0.8671 which with its breaking the pair may decline till reaches the level 0.8571 to register a new low historical record.


Res: 0.8828 0.8911 0.8990
Pivot: 0.8749
Sup: 0.8666 0.8587 0.8504


USD/CAD

The bearish direction is still dominating the movement of the pair for the short and the medium-term as it is still noticed that the pair is forming a harmonic pattern AB=CD and although the pair tried to break the point B for the second time but the pair returned to move in the range of the last rib CD of the pattern which targets the support level 0.9261 to complete the pattern by completing this wave, so it is expected that the pair will continue declining with probability of testing the resistance level 0.9524 which represents the point B for the formed pattern.

The stability of these expectations requires the stability of the resistance level 0.9524 which represents the point B.

The previous analyze remains


Res: 0.9551 0.9607 0.9640
Pivot: 0.9518
Sup: 0.9462 0.9429 0.9373



AUD/USD

As expected in the previous report, the pair was able to break the resistance level 1.0845 to continue forming the remaining part of the CD rib for the AB=CD harmonic pattern, whereas the pair registered a new record during yesterday trades by achieving the highest price at 1.0877 which didn't hold much against rising the pair during the Asian trades where the pair is still registering a new records reaching the level 1.0946, expecting with breaking this level that the pair will continue rising to reach the level 1.1000 which represents the complement D point for the harmonic pattern.

This expectation depends on the stability of the support level 1.0845.


Res: 1.0907 1.0944 1.1011
Pivot: 1.0840
Sup: 1.0803 1.0736 1.0699



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  #55  
Old 29-04-2011, 09:34
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Friday 29th of April 2011 GIGFX Daily Technical Analysis Report

EUR/USD

Yesterday trades were in a narrow range and reflect collecting the needed momentum that the pair will use to continue rising for the medium and the long-term, it is still expected that the pair will continue rising during the upcoming trades targeting to reach the level 1.4985 which represents the target of the pattern (1.2.3), in order to reach this level the pair should break the resistance level 1.4880.

The stability of these expectations requires the stability of the support level 1.4770.


Res: 1.4878 1.4936 1.4991
Pivot: 1.4823
Sup: 1.4765 1.4710 1.4652



GBP/ USD

As it was expected through yesterday analysis, the pair continued rising reaching the resistance level 1.6655 then broke it amid more rising expectations as it is forming the harmonic pattern AB=CD which has been confirmed by breaking the resistance level 1.6600, expecting more rising for the pair targeting the resistance level 1.6860 during today's intraday levels, the end of the pattern at the end of the wave CD will be at this level; this level also coincides with the top border of the pitchfork channel as it is noticed through this chart, this confirms the expectations of rising the pair .

The stability of these expectations requires the stability of the support level 1.6600.

Yesterday analysis is still remaining


Res: 1.6709 1.6789 1.6833
Pivot: 1.6665
Sup: 1.6585 1.6541 1.6461



USD/CHF

The pair is still moving inside a bearish channel for the short and the medium-term as the pair formed a bottom at the level 0.8685 which succeeded to stop the expected decline of the pair till now, so it is expected with breaking down this level that the pair will continue declining targeting the level 0.8571 which represents one of the support levels of the bottom border of the bearish channel.

The stability of these expectations requires the stability of the resistance level 0.8780.



Res: 0.8766 0.8797 0.8835
Pivot: 0.8728
Sup: 0.8697 0.8659 0.8628




USD/CAD

The bearish direction is still dominatingthe pair direction for the medium and the short-terms whereas the pair is forming the harmonic pattern AB=CD although trying the pair breaking the B point but the pair since the beginning of this week entered the confined area between the support level 0.9466 and the resistance level 0.9554. Itís expected that the pair will retest the lower border for the confined area which is the support level 0.9554 to continue the last CD wave which is targeting the support level 0.9261.

Success of this scenario up depends on the stability of the resistance level 0.9524 which represents the B point.


Res: 0.9551 0.9607 0.9640
Pivot: 0.9518
Sup: 0.9462 0.9429 0.9373



AUD/USD

As expected in the previous reports, the pair was able to break the resistance level 1.0845 to continue forming the remaining part of the CD rib for the AB=CD harmonic pattern, whereas the pair registered a new record during the day before yesterday trades by achieving the highest price at 1.0877 which didn't hold much against rising the pair during the Asian trades where the pair registered a new records reaching the level 1.0946, expecting with breaking this level that the pair will continue rising to reach the level 1.1000 which represents the complement D point for the harmonic pattern.

This expectation depends on the stability of the support level 1.0845.

This analyze is still remains till now



Res: 1.0965 1.1004 1.1062
Pivot: 1.0907
Sup: 1.0868 1.0810 1.0771



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  #56  
Old 02-05-2011, 12:32
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Monday 2nd of May 2011 GIGFX Technical Analysis Report

EUR/USD

As noticed in the chart, the pair formed the second consecutive top at the resistance level 1.4880, by that the first condition of remaining a reflective pattern for the bullish direction which is the ( double consecutive tops ) is found; the most important condition is breaking the base of the pattern at the support level 1.4770, it's also noticed that the (1.2.3) pattern is not completed till now whereas the pair is reaching the level 1.4985, if the reversal bullish pattern is completed therefore it's difficult to complete the (1.2.3) pattern but in case of failing the reversal pattern by breaking the support level 1.4880, the pair will continue the bullish wave till reaches the level 1.4985. In case of confirming breaking the support level 1.14770 with breaking the bullish trend line, the pair will continue declining till reaches the level 1.4660 which represents the targeted price for the ( double consecutive tops ) pattern.


Res: 1.4853 1.4901 1.4926
Pivot: 1.4828
Sup: 1.4780 1.4755 1.4707


GBP/ USD

The resistance level 1.6720 was able to hold against testing the pair for it double consecutive times, forming a reflective pattern for the bullish direction which is the double consecutive tops therefore it's expected during the intraday trades declining the pair but in case of breaking the base of the pattern at the support level 1.6625 with a good close below it will push the pair to target the support level 1.6510.

This expectation depends on the stability of the resistance level 1.6720.


Res: 1.6743 1.6780 1.6840
Pivot: 1.6683
Sup: 1.6646 1.6586 1.6549



USD/CHF

As observed for the USD/CHF chart, the pair remains trading between a bearish channel lines during the short and medium periods, where the pair could not break down the support level 0.8648 during the Asian trades, which is the bottom the pair formed during last week tradesto rise from it, so it is expected that the pair will continue rising in order to retest the resistance level 0.8739 that may coincide with the channel top line, which if the pair was able to trade above it; the pair will rise targeting the resistance level 0.8832, and if the pair was able to hold above this level it will target 0.8922 resistance level.

This analyze requires the breaking of the resistance level 0.8739 which may coincides with the channel top line.


Res: 0.8766 0.8797 0.8835
Pivot: 0.8728
Sup: 0.8697 0.8659 0.8628



USD/CAD

The pair stood away at the end of the previous week from the resistance level 0.9523 which represents the B point for the AB=CD harmonic pattern that was mentioned before whereas it's inability on breaking it, gave the pair a strong chance to complete the pattern whereas the pair is still on process of forming the last CD wave targeting the support level 0.9261 although of breaking the pair the support level 0.9469 at the end of the previous week which represents the bottom border for the confined area but the pair came back inside the confined area with the beginning of the Asian trades but this doesn't effect on the expectations of declining the pair to complete the pattern targeting the support level 0.9261.
But completing this scenario depends on the stability of the pair below the resistance level 0.9554 which represents the B point.


Res: 0.9516 0.9581 0.9616
Pivot: 0.9481
Sup: 0.9416 0.9381 0.9316



AUD/USD

The AUD/USD pair taking the bullish move as it main direction inside a medium bullish channel lines, where it is expected with the stability of the support level 1.0859 that the pair will continue rising to target the resistance level 1.1050, but if the pair traded under this level with trading under the channel bottom line it will have a bearish move in order t retest the nearest support level that may lead it to the support level 1.0770.


Res: 1.0999 1.1035 1.1095
Pivot: 1.0939
Sup: 1.0903 1.0843 1.0807






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  #57  
Old 03-05-2011, 09:47
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Posts: 129
Default Tuesday 3rd of May 2011 GIGFX Technical Analysis Report

EUR/USD

After the pair has formed a second straight top at the resistance level 1.4880, the pair retested the support level 1.4770 that its breaking was a confirmation of existing the double bottom pattern as the pair formed a new bottom at this level and used it to push for the third time to test the resistance level 1.4880 forming a third consecutive new top at the same level, this is one of the conditions of forming the reversal treble bottom pattern, and breaking the bottom of the pattern at the support level 1.4770 is the remaining condition. It is noticed also that the1.2.3 pattern did not completed till now as it is targeting to reach the level 1.4985, if the harmonic reversal pattern that reflects the bullish direction completed, it is hard to complete the 1.2.3 pattern but if the pair failed to complete the late pattern by breaking the resistance level 1.4880 the pair will continue rising till reach the level 1.4985. if the pair successfully broke the support level 1.4770 it will continue declining targeting to reach the level 1.4660 which represents the target of the treble bottom pattern.


Res: 1.4899 1.4969 1.5038
Pivot: 1.4830
Sup: 1.4760 1.4691 1.4621



GBP/ USD

The resistance level 1.6270 was able to be stable against the pair testing for two consecutive times forming a double top pattern that reflects the bullish direction so that it is expected during today's intraday levels that the pair may decline but under the condition of breaking the bottom of this pattern at the level 1.6625 that the pair broke at the beginning of today's trades and still moving around it so, closing with stability below it may push the pair to target the support level 1.6510.

The stability of these expectations requires the stability of the resistance level 1.6270.

Res: 0.8691 0.8729 0.8762
Pivot: 0.8658
Sup: 0.862 0.8587 0.8549


USD/CHF

As observed for the USD/CHF chart, the pair is still trading between a bearish channel lines during the short and medium periods, where the pair could not break down the support level 0.8633 during the Asian trades, which is the bottom the pair formed during last week tradesto rise from it, so it is expected that the pair will continue rising in order to retest the resistance level 0.8739 that may coincide with the channel top line, which if the pair was able to trade above it; the pair will rise targeting the resistance level 0.8832, and if the pair was able to hold above this level it will target 0.8922 resistance level.

This analyze requires the breaking of the resistance level 0.8739 which may coincides with the channel top line.


Res: 0.8766 0.8797 0.8835
Pivot: 0.8728
Sup: 0.8697 0.8659 0.8628



USD/CAD

As observed in the chart that the par is facing at a confusion area between the support level 0.9450 and the resistance level 0.9556 after declining the momentum which the pair does it yesterday nearest the support level 0.9450 which represents the lower border for the confusion area and it was unable to close a good close below it therefore it's expected that the pair will try to test the resistance level 0.9556 which represents the top border for the confusion area.
But the stability of the pair above the support level 0.9450 which represents the lower border for confusion area with taking in account that determining the pair main directions after breaking one of the confusion area borders.



Res: 0.9532 0.9561 0.9605
Pivot: 0.9488
Sup: 0.9459 0.9415 0.9386



AUD/USD

The AUD/USD pair taking the bullish move as it main direction inside a medium bullish channel lines, where the pair fell during the previous short trades to retest the channel bottom line, which is expected with the stability of that line with the stability of the support level 1.0859 that the pair will continue rising to target the resistance level 1.1050, but if the pair traded under this level with trading under the channel bottom line it will have a bearish move in order t retest the nearest support level that may lead it to the support level 1.0770.


Res: 1.0996 1.1048 1.1086
Pivot: 1.0958
Sup: 1.0906 1.0868 1.0816



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  #58  
Old 04-05-2011, 09:59
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Join Date: Feb 2011
Posts: 129
Default Wednesday 4th of May 2011 GIGFX Technical Analysis Report

EUR/USD

The trades of the pair are still moving in a confusion area between the resistance level 1.4880 and the level 1.4770, this area was expected to present reversal pattern but was not completed, this area now represents the rectangle pattern so it is better during the upcoming trades to wait for breaking one of the pattern's boarders to determine the upcoming direction of the pair, if the pair breaks the resistance level 1.4880 it will continue rising targeting the level 1.4985 which represents the target of the pattern 1.2.3 which has not achieved yet and in the case of breaking the support level 1.4770, the pair will continue declining targeting the level 1.4660 which represents the target of this bearish case.


Res: 1.4891 1.4957 1.5025
Pivot: 1.4823
Sup: 1.4757 1.4689 1.4623



GBP/ USD

As it was expected through yesterday report, indeed, the pair declined reaching the support level 1.6555 that has been broken from the first testing process and also which represents 23.6% of Fibonacci's correction level for the last bullish wave for the medium-term and retested it again before declining reaching the support level 1.6435 to test it, this level represents 38.2% of the same mentioned Fibonacci's levels expecting more declining during today's intraday trades but under the condition of breaking the support level 1.6435 that if the pair succeeded to break it with stability below it, the pair will decline targeting the support level 1.6340 as the first target of declining and also this level represents 50.0% of the same mentioned Fibonacci's correction levels.

The stability of these expectations requires the stability of the resistance level 1.6555.


Res: 1.6609 1.6733 1.6806
Pivot: 1.6536
Sup: 1.6412 1.6339 1.6215




USD/CHF

As it is noticed through this chart, the pair is still moving inside a bearish channel for the short and the medium-term as the pair ended trading yesterday after forming a new bottom at the support level 0.8596 but at the beginning of the Asian session today it took the bullish direction so it is expected that the pair may continue rising till reaches the resistance level 0.8693 which represents the top border of the channel and if the pair broke this level with stability above it, the pair may target the resistance level 0.8784 and if it succeeded to break it thenthe pair may target the resistance level 0.8874.

The stability of these expectations requires the stability of the support level 0.8596.


Res: 0.8657 0.8703 0.8734
Pivot: 0.8626
Sup: 0.8580 0.8549 0.8503



USD/CAD

Yesterday the pair reached the mentioned targeted price which is near to the resistance level 0.9556 which also represents the top border of the sideways channel but the pair is unable to break this level withstability above it therefore this gives a signal that the pair will take the bearish direction till it retests the support level 0.9450 which represents the lower border for the mentioned channel.

This expectation depends on the stability of the pair below the resistance level 0.9556 which represents the top border for the channel.


Res: 0.9557 0.9590 0.9641
Pivot: 0.9506
Sup: 0.9473 0.9422 0.9389



AUD/USD

The AUD/USD pair was able to break the bullish channel bottom line during the past trades to reach the expected support level 1.0770, which conceder an initial indicator for the bullish movement weakness for the medium trades, that may push down the pair to break down 1.0770 support level, targeting 1.0680 level, with a good chance to retest the broken channel bottom line with testing 1.0985 level.


Res: 1.0917 1.0991 1.1031
Pivot: 1.0877
Sup: 1.0803 1.0763 1.0689




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  #59  
Old 04-05-2011, 10:30
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Default

Great Reports! Can I actually subscribe for a news letter with you? BTW, how?
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  #60  
Old 05-05-2011, 08:42
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Thursday 5th of May 2011 GIGFX Technical Analysis Report

EUR/USD

As it is noticed through this chart, the pair broke the resistance level 1.4880 with stability above it but it did not continue and reflected down strongly from this level, also the pair did not achieve any daily close above the level 1.4880, all these signs reflects the difficulty of breaking this level so, it is expected that the pair may re-test the support level 1.4770 which with its breaking down means more declining targeting the level 1.4660 which represents the target of breaking out the confusion area.

The stability of these expectations requires the stability of the resistance level 1.4880.



Res: 1.4918 1.5010 1.5082
Pivot: 1.4846
Sup: 1.4754 1.4682 1.4590




GBP/ USD

The pair is forming Gartley harmonic pattern for the short-term as it tested the support level 1.6480 which represents the point C of the pattern and 76.4% of fibonacci's correction level for the wave AB and now the pair is moving in the range of the last wave CD that targets the resistance level 1.6595 so it is expected that the pair may continue rise during the upcoming trades targeting this level then it will decline again.

The stability of these expectations requires the stability of the support level 1.6480.


Res: 1.6558 1.6629 1.6683
Pivot: 1.6504
Sup: 1.6433 1.6379 1.6308




USD/CHF

The pair registered a new record at the level 0.8548 in the same bearish channel for near and medium-term, but at the end of this candle the pair gave a sign of rising by forming the hammer candle so it is expected that the pair may continue rising targeting to test the resistance level 0.8678 which represents the top border of the channel, and if the pair was able to be stable above this level it may target to test the resistance level 0.9953.

The stability of these expectations requires the stability of the pair above the support level 0.9548.


Res: 0.8656 0.8698 0.8749
Pivot: 0.8605
Sup: 0.8563 0.8512 0.8470




USD/CAD

By ending yesterday trades the pair collect a bullish momentum till it broke the resistance level 0.9551 which was the confined top border till it rose and reached the resistance level 0.9596 so it's expected that the pair will continue rising till it targets the resistance level 0.9646 and if it is able to be stabile above this level therefore the pair will target the resistance level 0.9685 with the probability of remaining trying the pair to decline below the support level 0.9551 which was representing the top border for the confined area.

This scenario depends on closing the pair a good close above the resistance level 0.9596.



Res: 0.9626 0.9662 0.9724
Pivot: 0.9564
Sup: 0.9528 0.9466 0.9430




AUD/USD

The AUD/USD pair was able to break the bullish channel bottom line during the past trades to trade under the expected support level 1.0770 reaching 23.6% correction level for the bullish move from 0.9706 to 1.1011stopping the pair falling during the past short trades, which conceder an initial indicator for the bullish movement weakness for the medium trades, in case the pair tends to continue the bearish direction it's expected to reach 1.0680 level by trading under 23.6% correction level, but in case the pair tends to continue the main bullish movement that will be confirmed by trading above 1.0770 again, it will target the retesting of 1.1011 level which if broke the pair will target 1.1050 level.



Res: 1.0837 1.0930 1.0985
Pivot: 1.0782
Sup: 1.0689 1.0634 1.0541





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  #61  
Old 06-05-2011, 10:03
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Join Date: Feb 2011
Posts: 129
Default Friday 6th of May 2011 GIGFX Technical Analysis Report

EUR/USD

As it was expected through yesterday analysis, the pair declined breaking the support level 1.4770 to continue declining till reached the level 1.4660 which represents the target of exiting out of the confusion area, the bearish positions is still dominating the pair's dealings as the pair succeeded to break the level 1.4660 registering the lowest price at 1.4510, this strong bearish direction for the European common currency has been supported by holding the interest rate at 1.25% so it is expected that, with breaking the level 1.4510 the pair may continue declining till reach the level 1.4342 which represents 76.4% of Fibonacci's correction level for the bullish direction (from 1.4157 to 1.4940).

The stability of these expectations requires the stability of the resistance level 1.4710.


Res: 1.4789 1.5038 1.5178
Pivot: 1.4649
Sup: 1.4400 1.4260 1.4011




GBP/ USD

As it is noticed through this chart, the pair succeeded to break the neckline of the head and shoulders pattern registering the lowest price of yesterday dealings at the level 1.6357; it is expected for the upcoming trades that the pair may decline targeting the level 1.6166 which represents the target of the pattern but under the condition of breaking the level 1.6357 and also the support level 1.6320 which represents 76.4% of fibonacci's correction level for the bullish move (from 1.6166 to 1.6743).

The stability of these expectations requires the stability of the resistance level 1.6450.


Res: 1.6501 1.6614 1.6686
Pivot: 1.6429
Sup: 1.6316 1.6244 1.6131



USD/CHF

As the pair registered new record at the level 0.8554 the day before yesterday while moving in the same bearish channel for short and medium-term, but the pair gave a sign of an upcoming bullish direction by forming the hammer candle so as it was mentioned through yesterday analysis that the pair succeeded to exit this bearish channel at the resistance level 0.8678 which represents the top border of the channel so it is expected that the pair may rise targeting the resistance level 0.8765 and if it was able to break it with stability above it may continue rising targeting the resistance level 0.8853.

The stability of these expectations requires the stability of the pair below the resistance level 0.8707.


Res: 0.8759 0.8814 0.8916
Pivot: 0.8657
Sup: 0.8602 0.8500 0.8445




USD/CAD

As mentioned yesterday, that the pair broke the top border for the sideway channel and reached the targeted prices which was mentioned before but the pair was unable to be stabile above the resistance level 0.9685 therefore it's expected that the pair will continue the correction and rising direction to retest the resistance level 0.9685 and the stability above this level which gives the pair the chance to continue reaching the resistance level 0.9710 which represents 50.0% Fibonacci retracement correction level with breaking this level and the stability above it which makes the pair continue rising till the resistance level 0.9771 which represents 61.6% the same mentioned Fibonacci retracement correction level.

This expectation depends on the stability of the pair above the support level 0.9649.

Res: 0.9729 0.9792 0.8916
Pivot: 0.9648
Sup: 0.9585 0.9504 0.9441




AUD/USD

The AUD/USD pair was able to break the bullish channel bottom line during the past trades to trade under the expected support level 1.0770 and 23.6% correction level for the bullish move from 0.9706 to 1.1011, approaching 38.2% correction level as was expected, in case the pair tends to continue the bearish direction it's expected to reach 50% correction level around 1.0513 price, which depends on the stability of 1.0770 level, but in case the pair tends to continue the main bullish movement that will be confirmed by trading above 1.0770 again, it will target the retesting of 1.1011 level which if broke the pair will target 1.1050 level.



Res: 1.0719 1.0861 1.0953
Pivot: 1.0627
Sup: 1.0485 1.0393 1.0251





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  #62  
Old 07-07-2011, 09:27
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Thursday 7th of July 2011 GIGFX Technical Analysis Report

EUR/USD

As mentioned through the previous report that the EUR/USD pair continued rising during the trades of the last week reaching the resistance level 1.4570 forming a Gartley harmonic pattern, this level is supposed to be the end of this negative pattern which coincides with 61.8% correction level for the bearish move from 1.4940 to 1.3968 which reflected the bullish move leading the pair to fall trading below 1.44555 level to cause more falling for the pair to achieve the expected target for the bearish move below 1.4340 level coinciding with 61.8% correction level for the last bullish move from 1.4104 to 1.4577, the pair may rise in order to retest appropriate resistance level such 1.4455 level which with it stability it will push the pair to break down 1.4340 level targeting 1.4200 support that coincide with 23.6% correction level for the main bearish move for the long trades.

Res: 1.4427 1.4536 1.4607
Pivot: 1.4356
Sup: 1.4247 1.4176 1.4067



GBP/ USD

Yesterday trades and the last intraday trades saw breaking the pair to the bottom border of the rectangle pattern to continue its mid-term bearish direction, it is expected during the upcoming trades that the pair will continue declining targeting the support level 1.5913 which represents the target of the rectangle pattern but under the condition of holding the level 1.6010 which became a resistance level after its breaking downside, today, some important data will be released for the rate statements so it is expected that the trades will be confusing before the release moment and will collect a momentum to use it to form the upcoming direction.

Res: 1.6079 1.6155 1.6221
Pivot: 1.6013
Sup: 1.5937 1.5871 1.5795



USD/CHF

As observed in the chart that the pair is trading through the previous medium and short-terms inside the bearish channel whereas the pair is continuing declining targeting the support level 0.8372 which represents 61.8% Fibonacci retracement correction level for the bullish direction as the first target and the stability below this level which will force the pair to continue declining targeting the support level 0.8331 which coincides at it the channel's lower border with 76.4% from the same previous mentioned Fibonacci retracement correction levels.

This scenario depends on the stability of the pair below the resistance level 0.8400 which coincides at it the channel's top border with 38.2% from the same previous mentioned Fibonacci retracement correction levels.

Res: 0.8436 0.8479 0.8515
Pivot: 0.84
Sup: 0.8357 0.8321 0.8278


USD/CAD

As it was mentioned yesterday, the pair continued rising breaking the resistance level 0.9649 which coincides with the top border of the channel and 23.6% of fibonacci's correction level for the bearish direction then it targeted the resistance level 0.9699 which represents 38.2% of fibonacci's correction level but it was unable to hold steady below it and re-tested the support level 0.9649 so it is expected that the pair will try to re-test the resistance level 0.9699 which represents 38.2% of fibonacci's correction level and if the pair was able to be stable above that level it will target the resistance level 0.9740 which represents 50.0% of fibonacci's correction level.

The stability of these expectations requires the stability of the pair above the resistance level 0.9649.

Res: 0.9666 0.9673 0.9685
Pivot: 0.9654
Sup: 0.9647 0.9635 0.9628


AUD/USD

Although the pair achieved some gains after rising again re-testing the resistance level 1.0745 so the expected scenario is to form a composite head and shoulders pattern, but it is not recommended to have any bearish positions until the pair broke the neckline of this pattern bu breaking the support level 1.0655 followed by the support level 1.0600 as the first target of this formed pattern and then it will target the support level 1.0545.

The stability of these expectations requires the stability of the resistance level 1.0745.

Res: 1.0736 1.0773 1.0814
Pivot: 1.0695
Sup: 1.0658 1.0617 1.0580


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  #63  
Old 08-07-2011, 10:53
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Join Date: Feb 2011
Posts: 129
Default Friday 8th of July 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair fell yesterday reaching the important support level 1.4290 that represents 61.8% correction level for the CD wave for the formed harmonic pattern that reflected down the price to this level passing it to register 1.4221 as its lowest price for the yesterday trades, to close the trades above this level leading the expectations for the pair to continue rising during the intraday trades targeting the resistance level 1.4397 with a good chance that the pair may retest the support level 1.4290.

This analyze requires the stability of the support level 1.4290


Res: 1.6079 1.6155 1.6221
Pivot: 1.4319
Sup: 1.4264 1.4166 1.4111
[IMG][IMG]



GBP/ USD

Yesterday trades were in a narrow range reflects the collecting of the needed momentum which the pair will use it to form the upcoming direction, it was expected that the pair will decline till the support level 1.5913 which represents the target of the rectangle pattern but it is noticed that the pair was unable to break the support level 1.5945 as it formed more than one bottom at this level with the existence of a positive divergence that reflects the bearish direction, it is expected that the pair will respond to the negative signs and will begin to form a corrective bullish direction that will be confirmed by breaking the resistance level 1.6010 upside then it will target to reach the level 1.6114 again.
The stability of these expectations requires the stability of the support level 1.5945.

Res: 1.6011 1.6050 1.6083
Pivot: 1.5978
Sup: 1.5939 1.5906 1.5867
[IMG][IMG]



USD/CHF

As it is noticed through this chart, the pair is about to break the resistance level 0.8455 which represents the top border of the channel, if the pair closed above this level it will target the resistance level 0.8524 trying to form a new top.
But if the pair held below the resistance level 0.8445 it will target the support level 0.8428 which represents 38.2% of fibonacci's correction level for the bullish direction and if the pair held below this level it will continue declining targeting the support level 0.8397 which represents 50.0% of fibonacci's correction level followed by the support level 0.9363 which represents 61.8% of the same fibonacci's correction level.


Res: 0.8498 0.8553 0.8613
Pivot: 0.8438
Sup: 0.8383 0.8323 0.8268
[IMG][IMG]




USD/CAD
The USD/CSD pair is facing the support level 0.9577 without forming a new bottom during the previous trades, to lead the expectations for the pair to continue falling targeting the support level 0.9545 that represents 127% continuous level for the bullish direction, and the stability of the pair below this level will give the chance for the pair to reach the support level 0.9508 that represents 161.8% continuous level then 0.9463 that represents 200% continuous level.
This analyze requires a good close below the support level 0.9577.


Res: 0.9643 0.9703 0.9741
Pivot: 0.9605
Sup: 0.9545 0.9507 0.9447
[IMG][IMG]




AUD/USD
The pair continued its bullish movement during the last two days reaching the important resistance level 1.0780 to retest it for the third time during the previous medium trades, passing this level will push the pair to target the resistance level 1.0825 then 1.0870, put this look needs a good close above the mentioned resistance level, but if this resistance held it will push the pair down as happened during the previous two times to target then the support level 1.0695 as the first target for the falling process.
So the buying operation is not recommended unless the breaking of the resistance level 1.0780 with a good close above it.


Res: 1.0807 1.0840 1.0901
Pivot: 1.0746
Sup: 1.0713 1.0652 1.0619





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  #64  
Old 18-07-2011, 10:00
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Monday 18th of July 2011 GIGFX Technical Analysis Report

EUR/USD

As it was expected through the last analysis, the pair declined targeting the support level 1.4030 at which the formed harmonic pattern for near-term ends expecting more declining during today's intraday trades targeting the support level 1.3940 with the probability of re-testing the resistance level 1.4120 so it is not recommended to have bearish positions until the pair break the support level 1.4030 with stability below it.

The stability of these expectations requires the stability of the resistance level 1.4120.

Res: 1.4206 1.4255 1.4312
Pivot: 1.4149
Sup: 1.4100 1.4043 1.3994



GBP/ USD

As observed in the chart that, the GBP/USD pair is forming the Flag bullish direction complement pattern for the short-term, forming this pattern came to confirm the bullish direction strength, confirming breaking up the pattern's top border is still remaining with breaking the resistance level 1.6190 then the presence of the pattern will be confirmed, the pair will had a bullish target price for the pattern, so with the broking confirmation; the pair will initially continue rising till the level 1.6280.

This bullish scenario depends on the pattern's lower border stability and also the support level 1.6050 stability.

Res: 1.6177 1.6226 1.6277
Pivot: 1.6126
Sup: 1.6077 1.6026 1.5977



USD/CHF

As it is noticed through this chart, the pair at the beginning of the asian markets session formed a second bottom which suggested that the pair will form a double bottom reversal pattern as the pair now is targeting to rise to target the resistance level 0.8185 which represents the bass line of this pattern so if the pair succeeded to break that level with stability below it the pair will continue rising targeting the resistance level 0.8239 and if the pair held stable above this level it will target the resistance level 0.8289.

The stability of these expectations requires the stability of the pair above the resistance level 0.8185.

Res: 0.8171 0.8216 0.8241
Pivot: 0.8146
Sup: 0.8101 0.8076 0.8031



USD/CAD

The CAD/USD pair was unable to break the support level 0.9518 whereas it reflected up from this point with beginning the Asian period trying to correct the last bearish direction whereas the pair now is facing the tipping point at the resistance level 0.9577 which represents 23.6% Fibonacci retracement correction level for the bearish direction trying to break that whereas the pair's ability on closing above this level which the strong chance on targeting the resistance level which represents 38.2% from the same previous mentioned Fibonacci retracement levels and the stability above this level will be for the pair which also gives the chance for the pair to target the resistance level 0.9645 which represents 50.0% from the same previous mentioned Fibonacci retracement levels.

This scenario depends on closing the pair a good close above the resistance level 0.9577.

Res: 0.9604 0.9664 0.9707
Pivot: 0.9561
Sup: 0.9501 0.9458 0.9398



AUD/USD

During yesterday trades, the AUD/USD pair succeededto break the level 1.0700 that represents 23.6% correction level for the bullish direction from 1.0390 to 1.0796 then 1.0641 represented by 38.2% correction level, reaching below 1.0593 that represents 50% correction level, if the pair was able to trade below this level it will fall targeting 1.0545 level that represents 61.8% correction level with a chance that the pair may retest 1.0641 level.

The stability of these expectations requires the stability of the resistance level 1.0641

Res: 1.0728 1.0800 1.0855
Pivot: 1.0673
Sup: 1.0601 1.0546 1.0474



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  #65  
Old 19-07-2011, 09:50
Level IV Lasers Member
 
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Posts: 129
Default Tuesday 19th of July 2011 GIGFX Technical Analysis Report

EUR/USD

During yesterday trades the EUR/USD pair formed a new bottom at the support level 1.4015 to near from forming the Gartley harmonic pattern which is moving now inside the last CD pattern's wave which is targeting the resistance level 1.4460 to end the pattern at this level but the resistance level 1.4280 which represents the pattern's B point with a good close must be broken before achieving this scenario.

This scenario depends on the support level 1.4015 stability.

Res: 1.4158 1.4205 1.4277
Pivot: 1.4086
Sup: 1.4039 1.3967 1.3920



GBP/ USD

Yesterday trades saw declining the sterling against the U.S dollar, this declining represents the bearish corrective wave for the bullish wave (From 1.5719 to 1.6190), the pair continued declining till the support level 1.6035 which represents 38.2% of fibonacci's correction level for the same bullish wave and formed a bullish bottom at this level expecting to rise from it to re-test the near resistance levels such as the level 1.6120 which with its breaking upside means more rising till the level 1.6190, remaining the formed bottom at the level 1.6035 means the probability of forming a mid-term bullish channel, breaking the support level 1.6035 downside means the falseness of this probability and thus the pair will decline targeting the support level 1.5913.

Res: 1.6124 1.6192 1.6252
Pivot: 1.6064
Sup: 1.5996 1.5936 1.5868



USD/CHF

The USD/CHF pair is rising during the current trades trying to break the resistance level 0.8200 which may push the pair up to target 0.8305 resistance level as in the yesterday expectations, this rising came as a result for the stability of the support level 0.8085 in a bearish movement for the previous trades for both long and medium periods, but in case the pair traded back below 0.8200 level it will fall to retest 0.8085 support level.

Res: 0.8217 0.8258 0.8323
Pivot: 0.8152
Sup: 0.8111 0.8046 0.8005


USD/CAD

During yesterday trades the USD/CAD pair rose whereas it reached the first previous mentioned targets at the resistance level 0.9613 which represents 38.2% Fibonacci retracement correction level for the bearish direction but if the pair stabile above this level, in spite of that; it's expected that the pair will continue rising during the intraday trades by retesting the resistance level 0.9613 which represents 38.2% from the same previous mentioned Fibonacci retracement correction levels and the stability above this level which gives the pair the chance to continue rising targeting the resistance level 0.9645 which represents 50.0% from the same previous mentioned Fibonacci retracement correction levels.

This scenario depends on the stability of the pair above the support level 0.9577.

Res: 0.9639 0.9686 0.9739
Pivot: 0.9586
Sup: 0.9539 0.9486 0.9439


AUD/USD

During yesterday trades, the AUD/USD pair succeeded to rise after it failed to break down 50% correction level for the bullish direction from 1.0390 to 1.0796, which pushed the pair to target 38.2% correction level as the rising expected target, as if the pair succeeded to trade above this level it will target 1.0700 level represented by 23.6% correction level, with a chance that the pair may retest 1.0593 level that represent 38.2% correction level.

The stability of these expectations requires the breaking of the resistance level 1.0641 represented by 38.2% correction level.

Res: 1.0652 1.0699 1.0745
Pivot: 1.0606
Sup: 1.0559 1.0513 1.0466



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  #66  
Old 20-07-2011, 08:46
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Wednesday 20th of July 2011 GIGFX Technical Analysis Report

EUR/USD

During yesterday trades the EUR/USD pair formed a new bottom at the support level 1.4015 to near from forming the Gartley harmonic pattern which is moving now inside the last CD pattern's wave which is targeting the resistance level 1.4460 to end the pattern at this level but the resistance level 1.4280 which represents the pattern's B point with a good close must be broken before achieving this scenario.
So it is not recommended to have bullish positions until the pair break the resistance level 1.4280 with stability above it.

This scenario depends on the support level 1.4015 stability.

Res: 1.4225 1.4295 1.4373
Pivot: 1.4147
Sup: 1.4077 1.3999 1.3929


GBP/ USD

As it was expected through yesterday analysis, the pair continued rising supported by the formed bullish bottom around the support level 1.6004 whereas the pair succeeded to break the resistance level 1.6120 which represents 61.8% of fibonacci's correction level for the bullish wave (from 1.5781 to 1.6190), the pair continued rising till reached the next resistance level at 1.6148 to register the highest price at 1.6167 without closing above the level 1.6148 to form a top at this area in a sign to reflect declining again to re-test the near support level.
It is expected that, the pair will continue declining to test the support level 1.6076 which coincides with the near-term bullish trendline, if the pair succeeded to break this level downside the pair will decline for near and mid-term trades which will be confirmed by breaking the support level 1.6004 downside then the pair will target the support level 1.6190.

The stability of these expectations requires the stability of the resistance level 1.6190.

Res: 1.6186 1.6249 1.6323
Pivot: 1.6112
Sup: 1.6049 1.5975 1.5912


USD/CHF

The USD/CHF pair is rising during the current trades trying to break the resistance level 0.8200 which may push the pair up to target 0.8305 resistance level as in the previous expectations, this rising came as a result for the stability of the support level 0.8085 in a bearish movement for the previous trades for both long and medium periods, but in case the pair traded back below 0.8200 level it will fall to retest 0.8085 support level.

The previous analyze remains

Res: 0.8294 0.8348 0.8419
Pivot: 0.8223
Sup: 0.8169 0.8098 0.8044


USD/CAD

As observed in chart that, the USD/CAD pair is trading inside the reflective bearish wedge pattern whereas the pair now is at the support level 0.9485 which represents the wedge's lower border so it's expected that the pair will rise up trying to test the resistance level 0.9572 which represents the channel's top border and the pair's ability on breaking this level so the pair will continue the bullish scenario targeting the resistance level 0.9658 then the resistance level 0.9742.

This scenario depends on the stability of the pair above the support level 0.9485.


Res: 0.9572 0.9646 0.9692
Pivot: 0.9526
Sup: 0.9452 0.9406 0.9332


AUD/USD

During the previous trades, the AUD/USD pair succeededto rise after it failed to break down 50% correction level for the bullish direction from 1.0390 to 1.0796 around 1.0700 price, to form a top at 1.0749 level that may push down the pair may fall to retest 1.0700 level again, which if held it will push up the pair to rise targeting the previous top at 1.0796 price, but trading below this level may push down the pair to target 23.6% correction level at 1.0641 price.

Res: 1.0781 1.0831 1.0922
Pivot: 1.0690
Sup: 1.0640 1.0549 1.0499



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  #67  
Old 21-07-2011, 09:18
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Thursday 21st of July 2011 GIGFX Technical Analysis Report

EUR/USD

The pair succeeded to reach the resistance level 1.4281 during the last trades and also to form a new bottom at the support level 1.4015 forming gartley harmonic pattern which is moving in the range of the last wave CD that targets the resistance level 1.4460 to end the pattern at this level but under the condition of breaking the resistance level 1.4281 which represents the point B above it, it is expected for the near-term trades that the pair will target the resistance level 1.4380 before reaching the resistance level 1.4460 but if the level 1.4281 held it is expected to decline targeting to re-test the support level 1.4110.

Res: 1.4257 1.4300 1.4362
Pivot: 1.4195
Sup: 1.4152 1.4090 1.4047
[IMG][IMG]


GBP/ USD

The GBP/USD pair is still moving inside the short-term bullish channel, whereas yesterday trades saw forming a new bullish bottom at the support level 1.6076 coinciding area with the channel's lower border; the pair used this bottom to rise up again which this bullish move started since beginning the last intraday trades till it tested the resistance level 1.6190, this level represents a strong resistance border against continuing rising, therefore in order of continuing the pair rising; so this level must be broken up with a good close above it, then the pair will reach the next resistances levels at 1.6243, 1.6308 which represents 127% , 161.8% Fibonacci retracement correction level for the bearish direction (from 1.6190 to 1.6004).

This scenario depend son the stability of the support level 1.6148.

Res: 1.6190 1.6227 1.6288
Pivot: 1.6129
Sup: 1.6092 1.6031 1.5994
[IMG][IMG]


USD/CHF

The USD/CHF pair is trying during the current trades to retest the level 0.8200 which if held it may push the pair up to target 0.8305 resistance level as in the previous expectations, but in case the pair traded back below 0.8200 level it will end the corrective rising to fall to targeting 0.8085 support level as the falling process 1ST target.

Res: 0.8241 0.8287 0.8319
Pivot: 0.8209
Sup: 0.8163 0.8131 0.8085
[IMG][IMG]


USD/CAD

As observed in chart that, the USD/CAD pair is trading inside the reflective bearish wedge pattern whereas the pair now is at the support level 0.9436 which represents the wedge's lower border so it's expected that the pair will rise up trying to test the resistance level 0.9572 which represents the channel's top border and the pair's ability on breaking this level so the pair will continue the bullish scenario targeting the resistance level 0.9658 then the resistance level 0.9742.

This scenario depends on the stability of the pair above the support level 0.9436.

Res: 0.9505 0.9537 0.9562
Pivot: 0.948
Sup: 0.9448 0.9423 0.9391
[IMG][IMG]


AUD/USD

During the previous trades, the AUD/USD pair failed to break 1.0749 resistance level to fall from this level retesting 1.0700 level that coincided with 23.6% correction level for the bullish direction from 1.0390 to 1.0796, the stability of this level will push the pair to rise back trying to break 1.0749 level in order to target 1.0796 resistance level, but in case the pair traded below this level it may target 38.2% correction level around 1.0641 price.

Res: 1.0767 1.0788 1.0817
Pivot: 1.0738
Sup: 1.0717 1.0688 1.0667




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  #68  
Old 22-07-2011, 09:19
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Friday 22nd of July 2011 GIGFX Technical Analysis Report

EUR/USD

Yesterday, EUR/USD pair succeeded to achieve more gains after breaking the resistance level 1.4280 which represents the point B for the previously mentioned Gartley harmonic pattern then continued rising ending the pattern by completing the wave CD which is supposed to target the resistance level 1.4460, indeed, the pair is about to reach this level, so it is not recommended to have bullish positions until the pair breaks the resistance level 1.4660 with stability above it to target then the resistance level 1.4555.

It is important to notice that there is a possibility to begin a corrective move for the bullish direction for near-term if the resistance level 1.4460 held to re-test at then the level 1.4280.

Res: 1.4525 1.4626 1.4819
Pivot: 1.4332
Sup: 1.4231 1.4038 1.3937



GBP/ USD

As expected in yesterday's report, GBP/USD pair was able to break up the resistance level 1.6190 to continue forming bullish directions on the short and medium-terms, the pair also was able to break the resistance level 1.6243 which represents 127% Fibonacci retracement continuous level for the bearish direction (from 1.6190 to 1.6004) to continue rising till reached the next resistance level at 1.6308 achieving the highest price for yesterday's trades at 1.6332, it is expected that the pair will continue rising but only if the level 1.6332 was broken, then the pair will target the resistance level 1.6380, failure in breaking this level will push the pair to retest the level 1.6243 which became a support level after breaking it up.

Res: 1.6400 1.6472 1.6612
Pivot: 1.6260
Sup: 1.6188 1.6048 1.5976



USD/CHF

The USD/CHF pair formed a bottom at 0.8135 level after it fell from 0.8270 resistance level, to rise from this level during the current trades which may lead the pair to retest 0.8270 resistance level, and if the pair passed this level it will target 0.8340 resistance, but the stability of 0.8270 resistance will push the pair to fall targeting the support level 0.8135 then 0.8085.

Res: 0.8211 0.8273 0.8310
Pivot: 0.8174
Sup: 0.8112 0.8075 0.8013



USD/CAD

As observed in the chart, the USD/CAD pair is trading inside a bearish channel which was formed on the medium and short-terms; it's expected that the pair will rise during the intraday trades targeting the resistance level 0.9540 which represents the channel's top border and the breaking ofthis border with stability above it; the pair will target the support level 0.9611 and the stability above this level will give the chance for the pair to target the resistance level 0.9680.

This scenario depends on the pair's stability above the support level 0.9397.

Res: 0.9468 0.9514 0.9537
Pivot: 0.9445
Sup: 0.9399 0.9376 0.9330


AUD/USD

During the previous trades, the AUD/USD pair fell tohave a good support from 1.0700 level to rise breaking 1.0796 resistance level reaching 1.0855 resistance level currently, if the pair was able to pass this level it will target 1.0905 resistance level, but if 1.0855 level held it will push down the pair to fall in order to retest the nearest supports such as 1.0796.

Res: 1.0898 1.0957 1.1060
Pivot: 1.0795
Sup: 1.0736 1.0633 1.0574



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  #69  
Old 26-07-2011, 09:29
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Tuesday 26th of July 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD broke the resistance level 1.4400 in today's trades which represents 76.4% Fibonacci retracement correction level for the last bearish wave for the medium-term as what was mentioned yesterday which pushed the pair to reach the resistance level 1.4520 which is it's first target for this breaking, so a further rise is expected during the intraday trades targeting the resistance level 1.4575 and this level is the medium-term bearish wave beginning point.

This scenario depends on the stability of the support level 1.4400.

Res: 1.4420 1.4464 1.4512
Pivot: 1.4372
Sup: 1.4328 1.4280 1.4236



GBP/ USD

The GBP/USD tried to break the resistance level 1.6263 downside during yesterday trades, this level represents the base of the expected double top pattern, the pair formed more than one bottom above this level which changes the expected double top pattern into a confusion area, during the last trades the pair was trying to break upside the resistance level 1.6340 which represents the top boarder of the confusion area, breaking this area upside means more rising targeting the level 1.6380 followed by 1.6420, today, a british data will be released and will determine the next direction for the pair however, breaking the support level 1.6263 means more declining targeting the support level 1.6192.

Res: 1.6325 1.6375 1.6407
Pivot: 1.6293
Sup: 1.6243 1.6211 1.6161



USD/CHF

The USD/CHF pair was able to fall previously after the stability of the resistance level 0.8270 which pushed the pair to fall breaking a lot of the supports ending with 0.8085 level, confirming the dominating of the bearish direction for the medium and long trades making the next target for the pair is the support level 0.7970 then 0.7880, which requires the stability of the pair below 0.8085 resistance level.

Res: 0.8136 0.8213 0.8271
Pivot: 0.8078
Sup: 0.8001 0.7943 0.7866


USD/CAD

The USD/CAD pair was unable to break the resistance level 0.9521 which represents the top border of the channel and reflected downside targeting the support level 0.9420 which has been mentioned through the last analysis, if the pair broke this level it will continue declining targeting the support level 0.9333 which represents the bottom border of the channel.
But if the pair failed to break that level it will reflect upside in order to re-test the resistance level 0.9521 which represents the top border of the channel.

Res: 0.9517 0.9565 0.9607
Pivot: 0.9475
Sup: 0.9427 0.9385 0.9337


AUD/USD

During the previous trades, the AUD/USD pair was able to rise previously after it traded between 1.0796 and 1.0875 levels, the stability of the support level 1.0796 pushed the pair to break 1.0875 level making the pair next target 1.0950 resistance level and if the pair was able to pass this level it will target 1.1035 resistance, with a chance that the pair might retest 1.0875 support level, and if the pair traded below this level it will fall to retest 1.0796 support.

This scenario depends on the stability of the support level 1.0875

Res: 1.0880 1.0918 1.0961
Pivot: 1.0837
Sup: 1.0799 1.0756 1.0718


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  #70  
Old 28-07-2011, 09:30
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Thursday 28th of July 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD declined yesterday breaking the formed bullish wedge pattern's lower border which reverses the direction, it's observed now that the pair is trying to retest the resistance level 1.4400, a further drop is expected during the intraday trades targeting the support level 1.4295.

In order to confirm this information, the resistance level 1.4400 must be stable.

Res: 1.4490 1.4612 1.4687
Pivot: 1.4415
Sup: 1.4293 1.4218 1.4096


GBP/ USD

As it was expected through the last analysis, the GBP/USD pair completed the formation of a top at the resistance level 1.6438 coinciding with the top border of the bullish wedge pattern, this top pushed the pair to decline in order to re-test the bottom border of the wedge -as it was mentioned-, it is noticed that during the last intraday trades the pair was trying to confirm breaking downside the bullish wedge to start a corrective bearish direction targeting the level 1.6032 which represents the target of the wedge pattern and also represents 61.8% of fibonacci's correction level for the bullish move (from 1.5781 to 1.6438), in order to reach this target it should break the support levels 1.6283, 1.6187 and 1.6109.

The stability of these expectations requires the stability of the resistance level 1.6438.

Res: 1.6407 1.6486 1.6534
Pivot: 1.6359
Sup: 1.6280 1.6232 1.6153



USD/CHF

Nothing much have changed for the USD/CHF pair after it was able to fall previously after the stability of the resistance level 0.8270 which pushed the pair to fall breaking a lot of the supports ending with 0.8085 level, confirming the dominating of the bearish direction for the medium and long trades making the next target for the pair is the support level 0.7970 then 0.7880, which requires the stability of the pair below 0.8085 resistance level.

Res: 0.8043 0.8070 0.8094
Pivot: 0.8019
Sup: 0.7992 0.7968 0.7941


USD/CAD

The USD/CAD pair failed to break the support level 0.9420 for the second consecutive day and targeted the resistance level 0.9480 which represents the top border of the bearish channel, so it is expected that the pair will continue rising during the intraday and near-term trades targeting the resistance level 0.9533 and if the pair succeeded to be stable above this level, it will target the resistance level 0.9592.

The stability of these expectations requires the stability of the pair above the resistance level 0.9480.

Res: 0.9529 0.9564 0.9625
Pivot: 0.9468
Sup: 0.9433 0.9372 0.9337


AUD/USD

During the previous trades, the AUD/USD pair was able to continue rising after 1.0950 level held to push the pair up passing the mentioned target at 1.1035 to retest 1.1001 support level previously forming a bottom around this level which if held it will push the pair to rise targeting 1.1130 resistance level, the stability of the bullish trend line for the previous long trades will support that rise, as if the pair was able to break down the mentioned supports it will target lowest supports as 1.0875 1.0796.


Res: 1.1085 1.1152 1.1226
Pivot: 1.1011
Sup: 1.0944 1.0870 1.0803



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  #71  
Old 01-08-2011, 09:36
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Monday 1st of August 2011 GIGFX Daily Technical Analysis Report

EUR/USD

The EUR/USD pair was able to stop it's declining wave for the previous bearish move which led it to trade below the level 1.4270 which represents 38.2% Fibonacci retracement correction level for the bullish move (from 1.3838 to 1.4573) without closing below this level, to rise from it facing the level 1.4372 representing by 23.6% correction. in case of the pair's stability above this level, it's expected that the pair will continue rising to retest the level 1.4573 then 1.4650, but the pair's stability below the level 1.4372 will push it down to retest the support level 1.4270.

Res: 1.4454 1.4524 1.4636
Pivot: 1.4342
Sup: 1.4272 1.4160 1.4090


GBP/ USD

On the contrary of what was expected, after the GBP/USD pair broke downside the neckline of the head and shoulders pattern, it formed a bottom at the level 1.6260 which pushed the pair to rise again breaking upside the resistance level of the right shoulder and the head thus, this pattern is no longer effective, this rising is supported by the negative data released from the U.S. lawmakers. it is expected that the pair will re-test the support level 1.6380 before continuing rising again which will be confirmed after breaking up the resistance level 1.6475, at then the pair will target to test the next resistance level 1.6550.

The stability of these expectations requires the stability of the support level 1.6380.

Res: 1.6503 1.6590 1.6711
Pivot: 1.6382
Sup: 1.6295 1.6174 1.6087


USD/CHF

The USD/CHF pair was able to fall previously reaching 0.7853 level forming a bottom at this level that pushed the pair to rise searching a good resistance level in order to retest it such as 0.7970 level which if held it will push the pair to fall again retesting 0.7853 level , but if the pair was able to pass the resistance level 0.7970 it will continue rising targeting 0.8085 resistance level.

Res: 0.7978 0.8093 0.8156
Pivot: 0.7915
Sup: 0.7800 0.7737 0.7622


USD/CAD

The USD/CAD pair is trading inside a bullish channel for mid-term trades and now the pair is above the support level 0.9503 which represents the bottom border of the channel.although the pair is trying to break this level but it is expected that the pair will rise targeting to re-test the resistance level 0.9588 during the upcoming intraday trades and if the pair succeeded to be stable above this level, it will target the resistance level 0.9628 which represents the bottom border of the channel.
But if the pair failed to break the support level 0.9503, it will target the support level 0.9441 and if the pair succeeded to be stable below this level, it will target the support level 0.9399.

Res: 0.96 0.9646 0.9704
Pivot: 0.9542
Sup: 0.9496 0.9438 0.9392


AUD/USD

During the previous trades, the AUD/USD was able to form the harmonic pattern (AB=CD) which supposed to push the pair to rise targeting 1.1185 resistance level that represents the (D) point for the pattern, but in order to confirm that; the pair must pass the resistance level 1.1079 that represents the (B) point, also the support level 1.0910 that represents the (C) point must hold.

Res: 1.1031 1.1075 1.1136
Pivot: 1.0970
Sup: 1.0926 1.0865 1.0821
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  #72  
Old 02-08-2011, 09:08
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Join Date: Feb 2011
Posts: 129
Default Tuesday 2nd of August 2011 GIGFX Technical Analysis Report

EUR/USD

The formed bullish wedge pattern is continuing pressuring on the EUR/USD pair which gives it the chance to continue declining; the pair is trading now below the support level 1.4295 which coincides with 61.8% Fibonacci retracement correction level for the medium-term last bearish wave, so a further drop is expected for the pair targeting the support level 1.4120 which represents the formed pattern target price and also coincides with 38.2% from the same previous mentioned Fibonacci retracement correction levels.

This scenario depends on the stability of the resistance level 1.4295.

Res: 1.4406 1.4562 1.4672
Pivot: 1.4296
Sup: 1.4140 1.4030 1.3874



GBP/ USD

The pair was unable to break up the resistance level 1.6475 during yesterday trades in a sign of returning declining to re-test the near support levels and this is what happened indeed but the declining was strong because of the U.S debt ceiling crisis so the U.S dollar rose against its all counterparts, the pair declined till reached the level 1.6260 which held against the declining of the pair with forming a new bottom, it is expected that the pair will continue declining during the upcoming trades in its way to decline correctly that will be confirmed with breaking down the support level 1.6260 then the pair will target to reach the level 1.6128 which represents 50.0% of fibonacci's correction level for the bullish move (From 1.5781 to 1.6475).

The stability of these expectatios requires the stability of the resistance level 1.6350

Res: 1.6432 1.6572 1.6670
Pivot: 1.6334
Sup: 1.6194 1.6096 1.5956



USD/CHF

The USD/CHF pair was able to fall previously breaking 0.7855 level forming a bottom at 0.7730 support level that pushed the pair to rise back retesting 0.7855, if this level held it will push the pair to fall retesting 0.7730 support level again and trading below this level will push the pair for further falling targeting 0.7605 support level, but trading above 0.7855 will push the pair to rise in order to retest 0.7970 resistance level.

Res: 0.7948 0.7948 0.8170
Pivot: 0.7839
Sup: 0.7726 0.7617 0.7504


USD/CAD

The USD/CAD pair is still moving inside a bullish channel as it achieved the previous mentioned targets although ofbreaking the support level 0.9506 but didnít hold stabile below it, so it is expected that the pair will continue rising targeting to re-test the resistance level 0.9591 and if the pair was able to be stable above this level, it will continue rising targeting the resistance level 0.9648 which represents the top border of the channel.

The stability of these expectations requires the stability of the pair above the support level 0.9530.

Res: 0.9618 0.9668 0.9732
Pivot: 0.9554
Sup: 0.9504 0.944 0.939


AUD/USD

During the previous trades, the AUD/USD stopped rising after the resistance level 1.1079 held to push the pair to trade below 1.0910 level during the current trades, which makes 1.0796 support level is the pair upcoming target in case the pair holds below 1.0910 level, but if the pair was able to trade above this level again it will rise in order to retest 1.1079 level.

Res: 1.1047 1.1126 1.1188
Pivot: 1.0985
Sup: 1.0906 1.0844 1.0765
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  #73  
Old 03-08-2011, 09:34
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Join Date: Feb 2011
Posts: 129
Default Wednesday 3rd of August 2011 GIGFX Technical Analysis Report

EUR/USD

The formed bullish wedge pattern is continuing pressuring on the EUR/USD pair which gave it the chance to continue declining; the pair is trading now below the support level 1.4295 which coincides with 61.8% Fibonacci retracement correction level for the medium-term last bearish wave, so a further drop is expected for the pair targeting the support level 1.4120 which represents the formed pattern target and also coincides with 38.2% from the same previous mentioned Fibonacci retracement correction levels with the probability of retesting the resistance level 1.4295.

This scenario depends on the stability of the resistance level 1.4295.

Res: 1.4273 1.4343 1.4404
Pivot: 1.4212
Sup: 1.4142 1.4081 1.4011



GBP/ USD

The GBP/USD pair is still trading above the support level1.6260 in a sign of a rising probability to test the near resistance levels, what confirms the rising probability is that yesterday trades were in a narrow range and reflect collecting the needed momentum, rising the pair will be confirmed with breaking the resistance level 1.6330 then the pair will continue rising to re-test the resistance level 1.6475, this scenario requires the stability of the support level 1.6260 which with its breaking downside means more declining till the level 1.6128 which represents 50.0% Fibonacciís correction level for the bullish move (From 1.5781 to 1.6475).

Res: 1.6342 1.6386 1.6446
Pivot: 1.6282
Sup: 1.6238 1.6178 1.6134



USD/CHF

The USD/CHF pair registered a new record low during the trades of the Asian session by reaching the level 0.7611 as it formed a bottom at this level and used it to form a corrective bullish wave that will be confirmed with breaking the resistance level 0.7768 then it will target the next resistance level at 0.7865 which represents 38.2% of fibonacci's correction level for the bearish move (from 0.8277 to 0.7611), the failure of breaking up the level 0.7768 means more declining till testing the support level 0.7611

Res: 0.7778 0.7934 0.8012
Pivot: 0.7700
Sup: 0.7544 0.7466 0.7310



USD/CAD

The USD/CAD pair is still trading inside a bullish channel for near and mid-term, yesterday the pair rose till reached the mentioned target at the resistance level 0.9591, so it is expected that the pair will continue rising targeting the resistance level 0.9632 which represents 61.8% Fibonacciís correction level for the bullish direction and if the pair held above this level, it will target the resistance level 0.9687 which represents 76.4% of fibonacci's correction level.

The stability of these expectations requires the stability of the pair above the support level 0.9591 which represents 50.0 of fibonacci's correction level.

Res: 0.9634 0.9658 0.9658
Pivot: 0.9589
Sup: 0.9565 0.9520 0.9496


AUD/USD

The AUD/USD pair continued declining yesterday supported by the double bottom pattern which shifts the bullish direction and at the beginning of today's trades,
The pair tested the support level 1.0685 which represents 76.4% of fibonacci's correction level for the last bullish wave expecting more rising correctly targeting to re-test the resistance level 1.0820 which represents 50.0% of fibonacci's correction level before return to decline again.

The stability of these expectations requires the stability of the resistance level 1.0820.

Res: 1.0929 1.1082 1.1159
Pivot: 1.0852
Sup: 1.0699 1.0622 1.0469
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  #74  
Old 05-08-2011, 08:58
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Friday 5th of August 2011 GIGFX Technical Analysis Report

EUR/USD

As was expected yesterday that, the EUR/USD pair fell down broking the support level 1.4190 which represents 50% Fibonacci retracement correction level for the last medium-term bullish wave reaching the level 1.4105 which represents 61.8% from the same previous mentioned Fibonacci retracement correction levels expecting for it to continue declining during the intraday trades targeting the support level 1.4003 which coincides with 76.4% from the same previous mentioned Fibonacci retracement correction levels but it must continue trading below the level 1.4105.

This scenario depends on the stability of the resistance level 1.4190.

Res: 1.4276 1.4463 1.4556
Pivot: 1.4183
Sup: 1.3996 1.3903 1.3716



GBP/ USD

On the contrary of what was expected yesterday, the GBP/USD pair declined while all dollar's counterparts were declining also, it is noticed that the pair broke the bottom border of the diamond pattern confirming the strength of its declining which remain to the limits of the level 1.6225 which represents the point B of the harmonic pattern AB=CD which is in the forming stage, it is expected that the pair will continue forming the bearish rib CD during the upcoming trades which will be conformed after breaking the level 1.6225 then the pair will continue declining targeting the level 1.6184 which represents the point D that completes the harmonic pattern, if the pair succeeded to break the support level 1.6184 it will continue declining targeting the support next level at 1.6115 which represents 76.4% of fibonacci's correction level for the bullish move (from 1.6004 to 1.6475).

The stability of these expectations requires the stability of the resistance level 1.6320.

Res: 1.6380 1.6505 1.6573
Pivot: 1.6312
Sup: 1.6187 1.6119 1.5994



USD/CHF

After the USD/CHF pair faced the resistance level 0.7787 previously the pair fell to face 0.7605 support level during the current trades as was expected, as if the pair tends to continue this bearish movement it must break 0.7605 level to target then the support level 0.7425, but the stability of the mentioned support level will push the pair to rise back in order to retest 0.7787 resistance level.

Res: 0.7748 0.7860 0.7921
Pivot: 0.7687
Sup: 0.7575 0.7514 0.7402



USD/CAD

After the USD/CAD pair rose and achieved the mentioned targets through yesterday analysis, it is expected that it will continue rising targeting the resistance level 0.9904 which represents 100% of fibonacci's continuous level for the bearish direction and if the pair held above this level it will target the resistance level 1.0042 which represents 127% of fibonacci's continuous level.

The stability of these expectations requires the stability of the pair above the support level 0.9791.

Res: 0.9882 0.9954 1.0095
Pivot: 0.9741
Sup: 0.9669 0.9528 0.9456



AUD/USD

The AUD/USD pair continued its bearish movement breaking a lot of levels ending by trading below 1.0525 level and facing 1.0410 support level, generally the pair remain the bearish direction as its main direction with a good chance that the pair may rise back to retest the nearest resistances such 1.0525 and 1.0650, but trading below 1.0410 will push down the pair for further falling targeting 1.0310 support level.

Res: 1.0674 1.0886 1.0995
Pivot: 1.0565
Sup: 1.0353 1.0244 1.0032
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  #75  
Old 08-08-2011, 08:18
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Join Date: Feb 2011
Posts: 129
Default Monday 8th of August 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair rose up violently during the previous week trades after testing the bearish channel's lower border which the price was moving inside it fast and violent which led on breaking the level 1.4270 which represents 38.2% Fibonacci retracement correction level for the last medium-term bullish wave and also coincides with the bearish channel's top border which led on getting out the pair from this channel expecting for it a further rise during the intraday trades which supports this view is opening the pair a price gap up which declined during the Asian trades till now to close this price gap, and it had already succeeded on closing it and reflecting up testing the resistance level 1.4357 which represents 23.6% from the same previous mentioned Fibonacci retracement correction levels, which if it succeeded on breaking this level and closed a good close above it so the pair will reach the resistance level 1.4445.

This scenario depends on the stability of the support level 1.4270.

Res: 1.4371 1.4454 1.4611
Pivot: 1.4214
Sup: 1.4131 1.3974 1.3891


GBP/ USD

As it is noticed through this chart, the pair formed a second consecutive bottom at the support level 1.6223 which pushed the pair upside using the declining of the U.S. dollar against its all major counterparts, the pair continued rising till registered the highest price for the trades of the last week at the level 1.6395 and at the beginning of the trades of this week it registered a gap that refers to the strength of the current bullish direction, at the beginning of the Asian market session the pair covered the whole bullish gap so it is expected that the pair will rise targeting the resistance level 1.6475 which with its breaking the pair will continue rising targeting the resistance level 1.6542 followed by the resistance level 1.6629 which represent 127% and 161.8% of fibonacci's continuous level for the bearish move (From 1.6475 to 1.6223).

The stability of these expectations requires the stability of the support level 1.6385.

Res: 1.6448 1.6505 1.6505
Pivot: 1.6338
Sup: 1.6281 1.6171 1.6114


USD/CHF

After the USD/CHF pair faced the resistance level 0.7787 previously the pair fell to trade below 0.7605 level during the current trades, as if the pair tends to continue this bearish movement it must hold below 0.7605 level to target then the support level 0.7425, but the trading back above0.7605 level will push the pair to rise back in order to retest 0.7787 resistance level.

Res: 0.7739 0.7817 0.7897
Pivot: 0.7659
Sup: 0.7581 0.7501 0.7423


USD/CAD

The bullish direction is still dominating the trades of the pair USD/CAD thus, it is expected that it will continue rising targeting the resistance level 0.9904 which represents 100% of fibonacci's continuous level for the bearish direction and if the pair held above this level it will target the resistance level 1.0042 which represents 127% of fibonacci's continuous level.

The stability of these expectations requires the stability of the pair above the support level 0.9791

Res: 0.9842 0.9903 0.9954
Pivot: 0.9791
Sup: 0.973 0.9679 0.9618


AUD/USD

The AUD/USD pair continued its bearish movement breaking a lot of levels ending by trading below 1.0420 level and facing 1.0310 support level as was expected for the previous trades, generally the pair remain the bearish direction as its main direction with a good chance that the pair may rise back to retest the nearest resistances such 1.0420 and 1.0525, but trading below 1.0310 will push down the pair for further falling targeting 1.0250 support level.


Res: 1.0532 1.0604 1.0683
Pivot: 1.0453
Sup: 1.0381 1.0302 1.0230
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  #76  
Old 10-08-2011, 08:31
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Wednesday 10th of August 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair short-term and intraday levels movement is characterized by strong volatility between rising and declining, sometimes it seems up strongly and sometimes it seems down strongly and also under the weight of conflicting data which comes out of the biggest economic powers in the world, technically the price is moving within the forming (Gartley) harmonic pattern whereas it is forming now the last CD wave which is supposed to target the resistance level 1.4500 so it's expected that the pair will rise up during the intraday trades targeting the resistance level 1.4500 which at it the harmonic pattern will be formed but it's not recommended to the traders to enter any purchasing process based on this pattern, but only in case of breaking the resistance level 1.4430 which represents the pattern's B point.

Res: 1.4449 1.4524 1.4673
Pivot: 1.4300
Sup: 1.4225 1.4076 1.4001


GBP/ USD

The sterling rose yesterday against the U.S. dollar using the formed bottom at the support level 1.6282 coinciding with a bullish trendline of an expected channel and reached the resistance level 1.6405 to form a bearish top lower than the formed one at the resistance level 1.6475, this top pushed the pair to decline breaking the support levels 1.6282 and 1.6223 amid riots in London as violence spreads across England, the pair formed a bearish bottom at the level 1.6175 and used it to rise trying to re-test the near resistance level, this rising was supported by declining the U.S. dollar against a basket of its counterparts. London's riots and U.S. dept crisis make some sort of volatile trades, so it is expected that if the pair broke the resistance level 1.6325 upside, it will continue rising targeting the level 1.6475 but if the pair broke the support level 1.6175 downside, it will continue declining targeting the next support level at 1.6075.

Res: 1.6425 1.6533 1.6658
Pivot: 1.6300
Sup: 1.6192 1.6067 1.5959


USD/CHF

The USD/CHF pair fell previously REACHING 0.7075 price that consider the lowest price ever for the pair, to rice from this level trying to retest appropriate resistance level such 0.7300 which if the pair was able to pass it; the pair will target 0.7470 resistance level, but if this level held it will push the pair to retest the previous price 0.7075 and if this level was broken the pair will target 0.6930 support.

Res: 0.7506 0.7807 0.8022
Pivot: 0.7291
Sup: 0.6990 0.6775 0.6474


USD/CAD

After declining the USD/CAD pair yesterday reaching all the expected targets in the last analysis, it is expected that the pair will continue declining although it failed to close below the support level 0.9773 which represents 38.2% of fibonacci's correction level so it is expected that the pair will re-test the support level 0.9773 and if the pair held below it, it will target the support level 0.9707 which represents 50.0% of fibonacci's correction level, and if the pair held below this level it will target the support level 0.9639 which represents 61.8% of fibonacci's correction level.

The stability of these expectations requires the stability of the pair below the support level 0.9773.

Res: 0.9929 1.0088 1.0169
Pivot: 0.9848
Sup: 0.9689 0.9608 0.9449


AUD/USD

The AUD/USD pair was able to rise after the support level 0.9927 held, to reach 1.0411, as if the pair rose up to pass this level it will target the resistance level 1.0525, but if the current resistance level held it will push the pair to fall in order to break the support level 1.0310 to target then 1.0205 support.


Res: 1.0511 1.0669 1.0961
Pivot: 1.0219
Sup: 1.0061 0.9769 0.9611
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  #77  
Old 11-08-2011, 09:04
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Join Date: Feb 2011
Posts: 129
Default Thursday 11th of August 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair short-term and intraday levels movement is characterized by strong volatility between rising and declining, sometimes it seems up strongly and sometimes it seems down strongly and also under the weight of conflicting data which comes out of the biggest economic powers in the world, which gives the expectations on continuing this volatility case during the intraday trades, the price declined yesterday reaching the support level 1.4170 which represents 23.6% Fibonacci retracement correction level for the last short-term bearish wave and it was unable to close below it then it formed a reversal candle which pushed the price up testing the resistance level 1.4240 now, if the pair is able to close a good close above this level so it will target the resistance level 1.4350 which represents 61.8 from the same previous mentioned Fibonacci retracement correction levels.

This scenario depends on the stability of the support level 1.4170.

Res: 1.4330 1.4484 1.4568
Pivot: 1.4246
Sup: 1.4092 1.4008 1.3854


GBP/ USD

As the GBP/USD is still declining, yesterday's trades saw breaking the support level 1.6175 down then the pair continued declining till reached the level 1.6128 which represents 50.0% of fibonacci's correction level for the bullish move (From 1.5780 to 1.6476), a bottom was formed at this level during the last intraday trades that pushed the pair to rise again to test the resistance level 1.6175 which with its breaking up means more rising targeting the resistance level 1.6265 coinciding with a bearish trendline for near-term trades, but breaking the level 1.6128 down means more declining targeting the next support level at 1.6046.

Res: 1.6270 1.6408 1.6482
Pivot: 1.6196
Sup: 1.6058 1.5984 1.5846


USD/CHF

The USD/CHF pair fell previously reaching 0.7075 price that consider the lowest price ever for the pair, to rice from this level trying to retest appropriate resistance level such 0.7300 which if the pair was able to pass it; the pair will target 0.7470 resistance level, but if this level held it will push the pair to retest the previous price 0.7075 and if this level was broken the pair will target 0.6930 support.

The previous analyze remains

Res: 0.7335 0.7405 0.7482
Pivot: 0.7258
Sup: 0.7188 0.7111 0.7041


USD/CAD

Although the pair was unable to close below the support level 0.9773 which represents 38.2% of fibonacci's correction level for the bullish direction but it is expected that the pair will decline during the intraday trades trying to re-test the support level 0.9773 but under the condition of closing below the support level 0.9864 which represents 23.6% of fibonacci's correction level, in the case that the pair reaches the resistance level 0.9773 with stability below the pair will target the support level 0.9707 which represents 50.0% of fibonacci's correction level, if the pair held below this level it will target the support level 0.9639 which represents 61.8% of fibonacci's correction level.

The stability of these expectations requires the stability of the pair below the support level 0.9864.

Res: 1.001 1.0074 1.0196
Pivot: 0.9888
Sup: 0.9824 0.9702 0.9638


AUD/USD

The AUD/USD pair was able to rise after the support level 0.9927 held, to reach 1.0411resistance level to fall from this level forming a bottom at 1.0110 level previously which stopped the falling for the pair and formed the harmonic pattern (AB=CD), where it is expected during the upcoming trades that the pair will retest the resistance level 1.0411, which if was broken the pair will target the resistance level 1.0590 as the expected (D) point for the pattern that coincides with 161.8% continuous level for the (BC) wave, but if the resistance level 1.0411 will push the pair to fall in order to retest the support level 1.0110 then 0.9927.

Res: 1.0336 1.0495 1.0579
Pivot: 1.0252
Sup: 1.0093 1.0009 0.9850
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  #78  
Old 12-08-2011, 08:41
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Friday August 12th 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair short-term and intraday levels movement is characterized by strong volatility between rising and declining, and also under the weight of conflicting data which comes out of the biggest economic power in the world between the resistance level 1.45370 which represents 23.6% Fibonacci retracement correction level for the last medium-term bullish wave and the support level 1.4100 which represents 61.8% from the same previous mentioned Fibonacci retracement correction level, if the pair break one of these levels so the short and medium-terms breaking direction will be confirmed.
Today's expectations; volatility will be continued, the pair tried yesterday to achieve some gains ended by the intraday trades beginning whereas the pair is trying to decline targeting the support level 1.4100 again.

Res: 1.4320 1.4399 1.4507
Pivot: 1.4212
Sup: 1.4133 1.4025 1.3946


GBP/ USD

As it was expected through the last analysis, the GBP/USD pair rose during yesterday trades to achieve the highest price around the level 1.6250 which represents 38.2% of fibonacci's correction level for the bearish move (From 1.6476 to 1.6110), the pair rose supported by the formed bottom at the level 1.6128 which represents 50.0% of fibonacci's correction level for the bullish move (From 1.5780 to 1.6476), more rising is expected during the upcoming trades but under the condition of breaking upside the coinciding area of the resistance level 1.6250 with a near-term bearish trendline, then the pair will continue rising targeting the level 1.6390, this scenario requires the stability of the support level 1.6128, breaking this level means more declining till the next support level at 1.6046.

Res: 1.6280 1.6323 1.6408
Pivot: 1.6195
Sup: 1.6152 1.6067 1.6024


USD/CHF

The USD/CHF pair rose previously reaching 0.7628 level that coincide with 38.2% correction level for the bearish move from 0.8520 to 0.7075 that consider the lowest price ever for the pair, as it is expected with the stability of 38.2% level that the pair will fall searching appropriate support such 0.7470 then 0.7417 that represents 23.6% correction level, but if the pair was able to pass 0.7628 level it will rise targeting 0.7798 resistance level that represents 50% correction level.

Res: 0.7789 0.7960 0.8235
Pivot: 0.7514
Sup: 0.7343 0.7068 0.6897


USD/CAD

The USD/CAD pair has stopped its rising at the resistance level 1.0007 to fall from this level forming a bottom at the support level 0.9766 coinciding with 38.2% correction level for the last bullish move from 0.9407 to the mentioned top, and it is noticed that the pair was able to form a symmetrical triangle and breaking any of its ribs will determine the pair direction for the upcoming trades, as if the top rib was broken with the resistance level 1.0007 the pair will rise targeting 1.0165 that represents the pattern target in bullish case, but breaking the bottom rib will push the pair to target 0.9766 then 0.9636 that represents the pattern target in the bearish case coinciding with 61.8% correction level.

Res: 0.9924 1.0009 1.0052
Pivot: 0.9881
Sup: 0.9796 0.9753 0.9668


AUD/USD

The AUD/USD pair was able to rise after the support level 0.9927 held, to reach 1.0411resistance level to fall from this level forming a bottom at 1.0110 level previously which stopped the falling for the pair and formed the harmonic pattern (AB=CD), where it is expected during the upcoming trades that the pair will retest the resistance level 1.0411, which if was broken the pair will target the resistance level 1.0590 as the expected (D) point for the pattern that coincides with 161.8% continuous level for the (BC) wave, but if the resistance level 1.0411 will push the pair to fall in order to retest the support level 1.0110 then 0.9927.

The previous analyze remains

Res: 1.0435 1.0520 1.0683
Pivot: 1.0272
Sup: 1.0187 1.0024 0.9939
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  #79  
Old 15-08-2011, 09:27
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Join Date: Feb 2011
Posts: 129
Default Monday August 15th 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair short-term and intraday levels movement is characterized by strong volatility between rising and declining, and also under the weight of conflicting data which comes out of the biggest economic power in the world between the resistance level 1.4370 which represents 23.6% Fibonacci retracement correction level for the last medium-term bullish wave and the support level 1.4100 which represents 61.8% for the same previous mentioned Fibonacci retracement correction level, if the pair break one of these levels so the short and medium-terms breaking direction will be confirmed.
As was expected previously, the price tested the support level 1.4100 and was pushed up from it, it's expected that this oscillation will be continued during the intraday levels and rising the pair up targeting the resistance level 1.4370.

Res: 1.4311 1.4371 1.4451
Pivot: 1.4231
Sup: 1.4171 1.4091 1.4031



GBP/ USD

The support level 1.6110 succeeded to hold against the GBP/USD pair testing to push the price upside breaking the top border of the bearish channel that was formed in the last mid-term trades, it is expected that the pair will continue rising targeting the resistance level 1.6380 followed by 1.6475 which represents the target of breaking the channel with the probability of returning the prices back to test the support level 1.6230 with testing the top border of the bearish channel, trading the pair below the support level 1.6230 will push it to decline targeting to test the formed bottom at the support level 1.6110.

Res: 1.6339 1.6398 1.6485
Pivot: 1.6252
Sup: 1.6193 1.6106 1.6047


USD/CHF

The USD/CHF pair rose previously reaching 0.7968 resistance level that coincide with 61.8% correction level for the bearish move from 0.8520 to 0.7075, where it is expected by the stability of 50% correction level that the pair will continue rising to break 0.7968 resistance and to target then 0.8180 resistance level that coincide with 76.4% correction level, but the stability of the current resistance with breaking the support level 0.7798 will push the pair down to retest the support level 0.7625 that represents 38.2% correction level.

Res: 0.7862 0.7943 0.8100
Pivot: 0.7705
Sup: 0.7624 0.7467 0.7386



USD/CAD

The USD/CAD pair was trading below the bearish trendline during the last trades for near and mid-term trades so it is expected that it will continue declining aiming to correct its bullish direction targeting the support level 0.9866 which represents 23.6% of fibonacci's correction level for the bullish direction, holding the pair below this level makes it target the support level 0.9778 which represents 38.2% of fibonacci's correction level for the bullish direction which if held below this level makes it target the support level 0.9635 which represents 61.8% of fibonacci's correction level for the bullish direction.
The stability of these expectations requires the stability of the pair below the support level 0.9849 which represents the bearish trendline.

Res: 0.9938 0.9970 1.0023
Pivot: 0.9885
Sup: 0.9853 0.9800 0.9768



AUD/USD

As was expected for the AUD/USD pair was able to rise to face 1.0411 resistance level that represents the (B) point for the mentioned harmonic pattern (AB=CD), which if was broken the pair will target the resistance level 1.0590 as the expected (D) point for the pattern that coincides with 161.8% continuous level for the (BC) wave, but if the resistance level 1.0411held; it will push the pair to fall in order to retest the support level 1.0110 then 0.9927.

Res: 1.0394 1.0436 1.0511
Pivot: 1.0319
Sup: 1.0277 1.0202 1.0160
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Old 05-09-2011, 09:19
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Monday September 5th 2011 GIG FX Technical Analysis Report

EUR/USD

As was expected the EUR/USD pair fell previously to reach the support level 1.4140 trying to break this level during the current trades, as if the pair succeeded to close below this level it will target 1.4055 support level, but if the pair could not trade below 1.4140 it will rise in order to retest the nearest resistance levels such as 1.4228 then 1.4314.

Res: 1.4261 1.4326 1.4365
Pivot: 1.4222
Sup: 1.4157 1.4118 1.4053


GBP/ USD

The bearish direction is still dominating the trades of the pair for near and mid-term through moving inside a bearish channel, at the beginning of this week's trades the pair registered a bearish gap that confirms the strength of the bearish move but the prices did not cover the whole gap during the last intraday trades so it is expected that the pair will rise in order to cover the whole gap and to test the resistance level 1.6254 at which the price is expected to coincide with the top border of the channel, this scenario requires the stability of the support level 1.6131, breaking this level means more declining targeting the next support level 1.6044.

Res: 1.6250 1.6291 1.6330
Pivot: 1.6211
Sup: 1.6170 1.6131 1.6090


USD/CHF

The USD/CHF pair started a bearish move after it rose to reach 0.8241 level, as the pair tried to trade during the previous trades below 0.7775 support level to reflect from this level approaching 0.7965 resistance level, if this resistance held it will push the pair to pass the support level 0.7775 targeting 0.7660 support level, but if the pair rose to trade above 0.7965 level it will retest the support level 0.8080.

Res: 0.7999 0.8103 0.8246
Pivot: 0.7856
Sup: 0.7752 0.7609 0.7505



USD/CAD

At the beginning of this week's trades the pair registered a gap then the pair succeeded to break the resistance level 0.9866 which represents 50.0% of fibonacci's correction level for the last bearish wave and now the pair is targeting the resistance level 0.9892 which represents 61.8% of fibonacci's correction level, if the pair held above this level it will target the resistance level 0.9932 which represents 76.4% of fibonacci's correction level.

The stability of these expectations requires the stability of the support level 0.9866.

Res: 0.9877 0.9909 0.9971
Pivot: 0.9815
Sup: 0.9783 0.9721 0.9689


AUD/USD

The pair broke out the reversal bullish wedge pattern by breaking the support level 1.0704 at the end of the last week, this level coincides with the bottom border of the pattern, at the asian session the pair succeeded to break the support level 1.0601 which was the expected target to reach so it is expected that the pair will target the support level 1.0315 and if the pair held below this level it will target the support level 1.410.

The stability of these expectations requires the stability of the resistance level 1.0601.

Res: 1.0715 1.0777 1.0822
Pivot: 1.067
Sup: 1.0608 1.0563 1.0501
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