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  #121  
Old 24-01-2012, 08:42
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Tuesday January 24th 2012 GIGFX Technical Analysis Report

EUR/USD

As it was expected, the pair rose after testing the top border of the bearish channel that has been broken previously the pair reached around the resistance level 1.3080 and registered the highest price for previous trades at the level 1.3052,the mentioned resistance level coincides with fibonacci's correction level 76.4% for the bearish wave (From 1.3197 to 1.2627), this may cause a resistance that may prevent the pair to continue rising and then it may push the pair to test the near support levels such as the level 1.2979 which represents 61.8% of the same fibonacci's correction levels followed by the level 1.2912 which represents 50.0% of the same mentioned correction levels, this requires holding the level 1.3080 which with its holding, the main direction will be bearish during the upcoming long and mid-term trades whereas, if the pair continued trading above the level 1.3080 it will rise targeting the resistance level 1.3245 as the target of breaking out the bearish channel.

R3 R2 R1 P S1 S2 S3
1.3258 1.3155 1.3085 1.2982 1.2912 1.2809 1.2739



GBP/ USD

Despite of achieving the sterling pair the highest price during yesterday trades at the level 1.5602 but it failed to have a good close above the resistance level 1.5566 with a strong difficult signal to break up this level then retreating again in order to form a bearish correction wave will be confirmed with breaking below the coinciding support level 1.5515 with the bullish channelís lower border which embodied the last bullish direction, in this case the pair will initially reach the next support level at 1.5445 in order to correct, this scenario depends on the stability of the resistance level 1.5566 which with breaking it up; the pair will continue rising in order to reach the resistance level 1.5667.

R3 R2 R1 P S1 S2 S3
1.5692 1.5647 1.5606 1.5561 1.5520 1.5475 1.5434


USD/CHF

As it was expected, the pair declined to the support level 0.9260 which represents 61.8% of fibonacci's correction level for the last bullish wave (from 0.9065 to 0.9595) after it broke the support level 0.9320 which represents 50.0% of the same fibonacci's correction levels, it is expected that the pair will rise correctly to re-test the resistance level 0.9320 then it will decline again targeting the support level 0.9185 which represents 76.4% of the same fibonacci's correction levels but under the condition of breaking the support level 0.9260.

The stability of these expectations requires holding the resistance level 0.9320.

R3 R2 R1 P S1 S2 S3
0.9476 0.9427 0.9350 0.9301 0.9224 0.9175 0.9098


USD/JPY

The USD/JPY pair is still trading inside a sideway channel between the resistance level 77.25 and the support level 76.63, despite achieving the pair itís 1st mentioned target so itís still expected that the pair will retreat during the next intraday trades targeting the support level 76.96 and the stability below this level will give it the chance to target the support level 76.84 as the 2nd target and the stability below it will also give the pair the chance to retest the level 76.63 again.

This scenario depends on the stability of the resistance level 77.25.

R3 R2 R1 P S1 S2 S3
77.33 77.20 77.11 76.98 76.89 76.76 76.67


AUD/USD

The AUD/USD pair rose during the previous trades, it broke the level 1.0494 to trade around the resistance level 1.0580 coincided with the previous mentioned mid-term bullish channelís top border, which led the pair to decline to retest the level 1.0494 which represents the pushed AB=CD wave, itís expected that the near-term bearish move will be continued in order to test the nearest support levels such as the sub-level 1.0395 which may coincide with testing the bullish channelís lower border, the bullish direction will be a main direction for the mid and near-terms, moreover it may push the pair to break the resistance level 1.0580 during the next trades, but breaking the channelís lower border will push the pair down in order to trade below the level 1.0335 which represents 61.8% Fibonacci retracement correction level for the bearish direction (from 1.0751 to 0.9919), which will offer more than one scenario if it happened.

R3 R2 R1 P S1 S2 S3
1.0692 1.0632 1.0578 1.0518 1.0464 1.0404 1.0350
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  #122  
Old 01-02-2012, 09:14
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Join Date: Feb 2011
Posts: 129
Default Wednesday February 1st 2012 GIGFX Technical Analysis Report

EUR/USD

The single currency advanced against the U.S. dollar during the last trades to test the bottom border of the bullish wedge pattern then it declined to reach the resistance level 1.3245 breaking the bottom border of the bullish channel then it is trading around the support level 1.3080 which shifted the previous expectations of rising the pair during the near-term trades to continue its long and mid-term bearish direction, it is also noticed that, the pair formed the reversal head and shoulders pattern whereas the support level 1.3080 is the neckline of the pattern that if the pair held below, it is expected to decline targeting the level 1.3000 followed by the level 1.2925 which represents the taget of the harmonic pattern head and shoulders and also it coincides with the target of breaking the bullish channel but under the condition of holding the pair below the level 1.3080 that if the pair held above, the pair will re-test the bottom border of the broken channel with forming bearish tops that the pair will use it to break the level 1.3080.

Res: 1.3184 1.3284 1.3354
Pivot: 1.3114
Sup: 1.3014 1.2944 1.2844


GBP/ USD

Yesterday, the Sterling achieved the highest price at the level 1.5796 near 1.5805 which was expected to reach it before, in case of breaking up the level 1.5735; thus the pair is still forming the bullish directions for the mid and near-terms which is embodied through the movement inside the bullish channel, through the last bullish move there was a bearish move for the RSI index which refers of appearance a negative reversal divergence for the bullish direction, thus the pair retested the nearest support levels during the last intraday trades then the level 1.5735 which became a support level, itís expected that the price will coincide at it with the bullish channelís lower border, moreover a further correction drop is expected in case of breaking down the coinciding area, the pair will initially target the support level 1.5665.

This scenario depends on the stability of the resistance level 1.5805.

Res: 1.5804 1.5849 1.5903
Pivot: 1.5750
Sup: 1.5705 1.5651 1.5606


USD/CHF

The pair failed to break the support level 0.9120 and rose again breaking the resistance level 0.9160 which coincides with the top border of the bearish channel for near-term trades and reached the resistance level 0.9225 which represents 23.6% of fibonacci's correction level for the last bearish wave (From 0.9575 to 0.9115) and coincides also with the first target of breaking the top border of the bearish channel, it is expected that, the pair will continue rising targeting the resistance level 0.9290 which represents 38.2% of the same correction levels and coincides with the final target of breaking the top border of the bearish channel but under the condition of breaking the resistance level 0.9225 with the probability that the pair may decline to re-test the support level 0.9160.

The stability of these expectations requires holding the support level 0.9160.

Res: 0.9244 0.9289 0.9350
Pivot: 0.9183
Sup: 0.9138 0.9077 0.9032



USD/JPY

The USD/JPY pair formed a bearish triangle complement pattern for the bearish direction during yesterday trades, so itís expected that it will continue declining during the intraday trades affected by this pattern, it may target the support level 75.66 but only in condition of breaking the support level 76.12 which represents the patternís lower border then breaking the support level 75.88.

Res: 76.40 76.55 76.68
Pivot: 76.27
Sup: 76.12 75.99 75.84



AUD/USD

The AUD/USD pair declined during the previous trades near the mentioned bullish channel with retesting the support level 1.0580, whereas the pair formed a head and shoulders complement pattern for the mid-term bullish direction in which it is moving in, which came after testing the pair the resistance level 1.0686 it formed the patternís neckline which in case of breaking it thus itís expected that the pair will target the resistance level 1.0750 then the resistance level 1.0845 representing the final target, with the probability of declining the pair and breaking the support level 1.0580, in condition of breaking the bullish channelís lower border which pushed the pair down in order to target the support levels 1.0470 then 1.0365 which is the target of breaching the channel.

Res: 1.0676 1.0732 1.0782
Pivot: 1.0626
Sup: 1.0570 1.0520 1.0464
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  #123  
Old 02-02-2012, 09:18
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Join Date: Feb 2011
Posts: 129
Default Re: GIGFX Technical Analysis (Updated Daily)

EUR/USD

Yesterday, the common currency tried to decline but it rose against the U.S. dollar after holding the support level 1.3080 to test the bottom border of the bullish channel that has been broken previously, now, the pair is trying to trades above the top border of the channel and if the pair succeeded to do so, it should break the resistance level 1.3245 to confirm this bullish move then it may target the level 1.3350, on the other hand, if the level 1.3245 held, the pair will decline outside the range of the channel targeting to break the level 1.3080 then it may target the level 1.3000 followed by 1.2925.

Res: 1.3242 1.3325 1.3432
Pivot: 1.3135
Sup: 1.3052 1.2945 1.2862


GBP/ USD

The Sterling formed a new bottom yesterday for the near-term at the support level 1.5735 coinciding area with the bullish channelís lower border in which the pair is still moving inside it for the near and mid-terms, the pair rose from this bottom breaching the resistance level 1.5805 till it achieved the highest price at the level 1.5885 by coinciding with the channelís top border, the pair tried during the last intraday trades completing the top at the level 1.5885 to decline again in order to retest the level 1.5805 which became a support level, moreover itís expected with breaching up the level 1.5885; the pair will rise again till the next resistance level 1.5940.

This scenario depends on the stability of the support level 1.5805.

Res: 1.5908 1.5983 1.6084
Pivot: 1.5807
Sup: 1.5732 1.5631 1.5556


USD/CHF

The pair failed to break the resistance level 0.9225 which represents 23.6% of fibonacci's correction level for the bearish wave (From 0.9575 to 0.9115) which led the pair to decline again breaking the support level 0.9160 and reached the support level 0.9120 which coincides with the top border of the bearish channel that has been broken previously, so, it is expected that, the pair will rise to re-test the resistance level 0.9225 but under the condition of breaking the resistance level 0.9160.
The stability of these expectations requires holding the support level 0.9120.

Res: 0.9230 0.9307 0.9365
Pivot: 0.9172
Sup: 0.9095 0.9037 0.8960


USD/JPY

During the previous trades; the USD/JPY pair was confined between the resistance level 76.35 which represents the top border and the support level 76.05 which represents the lower border, so breaching one of those borders is expected in order to determine the pairís next direction, if the pair broke the support level 75.05 so it will target the support level 75.90 as a 1st target then the support level 75.75 as a 2nd target, but in case of breaching the resistance level 76.35 thus the pair will target the resistance level 76.52 as a 1st target then the resistance level 76.65 as a 2nd target.

Res: 76.35 76.51 76.68
Pivot: 76.18
Sup: 76.02 75.85 75.69


AUD/USD

After testing the AUD/USD pair the level 1.0580 for the second consecutive time during the previous trades coincided with the bullish channelís lower border through the previous report, the pair rose by breaching the level 1.0686 which represents the complement head and shoulders patternís neckline for the bullish direction which was expected in case of breaching it; that the pair will target the resistance level 1.0750 then the level 1.0845 representing the final target, this depends on the stability of the level 1.0686, in case of trading the pair below it thus it will decline retesting the level 1.0580, moreover it also means breaching the channelís lower border and sharpness the probability of retreating the pair in order to test the support levels as 1.0470 then 1.0365.


Res: 1.0771 1.0840 1.0942
Pivot: 1.0669
Sup: 1.0600 1.0498 1.0429
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  #124  
Old 06-02-2012, 09:08
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Join Date: Feb 2011
Posts: 129
Default Monday February 6th 2012 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD succeeded to break the bottom border of the long and mid-term bullish channel and then it tested the support level 1.3080 then it rose from this level to test the bottom border of the channel again, the pair declined after testing the bottom border of the channel to trade around the level 1.3080 during the last intraday trades. It is expected that the pair will continue declining targeting to break the support area between the levels 1.3080 and 1.3025 then it may decline again targeting the support level 1.2925 which coincides with the target of breaking the channel, but if the pair held above the level 1.3080 it will rise again re-testing the near resistance level reaching the level 1.3245.

Res: 1.3210 1.3275 1.3346
Pivot: 1.3139
Sup: 1.3074 1.3003 1.2938


GBP/ USD

The Sterling pair is trading outside the bullish channel which was for the near and mid-terms with a strong signal of starting the bearish near-term corrective direction, whereas thereís a target for the pair to get out from this channel in order to reach the support level 1.5634 which represents 38.2% Fibonacci retreatment correction level for the bullish direction extending (from 1.5234 to 1.5882), reaching this level during the next trades; the support level 1.5729 must be broken down.

This scenario depends on the stability of the resistance level 1.5830.

Res: 1.5868 1.5919 1.5978
Pivot: 1.5809
Sup: 1.5758 1.5699 1.5648



USD/CHF

As it was expected, the USD/CHF rose against the U.S dollar reaching the resistance level 0.9225 which represents 32.6% of fibonacci's correction level for the last bearish wave (from 0.9575 to 0.9115) as the pair failed to break the support level 0.9150, so, it is expected that, the pair will continue rising targeting the resistance level 0.9290 which represents 38.2% of fibonacci's correction level for the last bearish wave, this level also coincides with the final target of breaking the top border of the bearish channel but under the condition of breaking the resistance level .9225.

The stability of these expectations requires holding the support level 0.9150.

Res: 0.9239 0.9239 0.9346
Pivot: 0.9183
Sup: 0.9132 0.9076 0.9025


USD/JPY

The USD/JPY pair trades rose sharply during last week trades end, this bullish move was supported by breaking up the resistance level 76.35 which represents the (double consecutive bottoms) top pattern, the bullish move is expected to be continued during the next intraday trades till targeting the resistance level 76.88 which represents 38.2% Fibonacci retracement correction level for the last bearish wave (from 78.28 to 76.01) the pairís stability above this level will give it the chance to target the resistance level 77.14 as a second target.

This scenario depends on the stability of the support level 76.35.

Res: 76.82 77.07 77.42
Pivot: 76.47
Sup: 76.22 75.87 75.62


AUD/USD

The AUD/USD pair is moving inside the bullish long-term channel as was mentioned before, whereas the pair formed a bearish top around the level 1.0794 without reaching the level 1.0845 as a head and shoulders patternís target, the mentioned top pushed the pair down in which it extended till now, moreover itís expected that it will continue declining till the support level 1.686 coinciding with the bullish channelís lower border, in case of the previous mentioned support levelís stability with the channelís lower border thus itís expected that the pair will rise till breaking the resistance area between 1.0750 and 1.0794, but trading the pair below the bullish channelís lower border will give the expectations of declining the pair during the next trades moreover it may initially target the support level 1.0580 then the level 1.0470 as the bullish channelís breaking target.

Res: 1.0817 1.0866 1.0939
Pivot: 1.0744
Sup: 1.0695 1.0622 1.0573
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  #125  
Old 07-02-2012, 09:19
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Join Date: Feb 2011
Posts: 129
Default Tuesday February 7th 2012 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD failed to break the support area between the levels 1.3080 and 1.3025 as it rose from the level 1.3025 to trade above the level 1.3080 during the current trades, generally, holding the pair above the bottom border of the channel supports the bullish direction of the pair and it is expected to target the resistance levels 1.3245 followed by 1.3350. but if the pair broke the level 1.3025 it may decline targeting the support level 1.2925 which represents the target of breaking the bullish channel.

Res: 1.3172 1.3213 1.3284
Pivot: 1.3101
Sup: 1.3060 1.2989 1.2948


GBP/ USD

The Sterling failed to break down the support level 1.5729 during yesterday trades, a bottom has been formed pushed the pair up again with a strong sign that the pair will continue its bullish direction for the mid-term, itís expected during the next intraday trades that the pair will retest the resistance level 1.5882 which with breaching it up means continuing the bullish direction till level 1.5975 which represents 161.8% Fibonacci retracement continuous level for the bearish direction (from 1.5882 to 1.5729).

This scenario depends on the stability of the support level 1.5729.

Res: 1.5863 1.5906 1.5973
Pivot: 1.5796
Sup: 1.5753 1.5686 1.5643


USD/CHF

The pair failed to continue rising as it failed to break the resistance level 0.9255 which coincides with the top border of the bullish channel in which the pair is moving, which led the pair to decline again breaking the support level 0.9225 which represents 23.6% of fibonacci's correction level for the last bearish wave (From 0.9225 to 0.9115) and it reached the support level 0.9185 which coincides with the bottom border of the bullish channel, it is expected that the pair will rise again standing at the support level 0.9185 to re-test the resistance level 0.9255 but under the condition of breaking the resistance level 0.9225.

The stability of these expectations requires holding the support level 0.9185.

Res: 0.9239 0.9292 0.9323
Pivot: 0.9208
Sup: 0.9155 0.9124 0.9071


USD/JPY

The USD/JPY pair is forming the AB=CD harmonic pattern whereas it formed a bottom at the level 76.51 which represents the C point, the pair rose trying to form the CD rib, moreover itís expected that the pair will continue rising during the next trades till the resistance level 76.79 which represents the B point, breaching this level means a further rise till the level 77.24 which represents the complement D point for the harmonic pattern.

This scenario depends on the stability of the support level 76.51.

Res: 76.72 76.91 77.03
Pivot: 76.60
Sup: 76.41 76.29 76.10


AUD/USD

The AUD/USD pair rose during the previous trades after neared the support level 1.0686 with the channelís lower border, this pushed the pair to breach the level 1.0750 trading around the resistance level 1.0794 during the current trades, in case of breaching the previous mentioned resistance level thus itís expected that the pair will complete rising in order to initially rise and target the resistance level 1.0845, but rising the current resistance level may push the pair down again in order to test the nearest resistance levels as 1.0750 and 1.0686.

Res: 1.0764 1.0809 1.0850
Pivot: 1.0723
Sup: 1.0678 1.0637 1.0592
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  #126  
Old 08-02-2012, 10:19
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Wednesday February 8th 2012 GIGFX Technical Analysis Report

EUR/USD

As it was expected, the pair rose after holding the support area between the levels 1.3080 and 1.3025, it reached the level 1.3025 to trade above the level 1.3080, then it rose near the resistance level 1.3245 during the current trades, it is expected that, if the pair tended to rise it will break the current resistance level targeting the resistance level 1.3350 which may coincide with testing the bottom border of the broken channel, but if the resistance level 1.3245 held, the pair will decline alittle targeting to test the near support levels which may push the pair to test the support area between the levels 1.3080 and 1.3025.

Res: 1.3324 1.3386 1.3502
Pivot: 1.3208
Sup: 1.3146 1.3030 1.2968


GBP/ USD

The Sterling rose again till the resistance level 1.5882 moreover it broke it up, this bullish move came after the formed bottom has been based at the support level 1.5729, whereas the pair is forming the AB=CD harmonic pattern and the resistance level 1.5882 which represents the B point and the support level 1.5729 which represents the C point, thus itís expected that the pair will continue forming the remaining part for the bullish CD rib which targets the resistance level 1.5960 representing the complement D point.

This scenario depends on the stability of the support level 1.5882.

Res: 1.5937 1.5979 1.6054
Pivot: 1.5862
Sup: 1.5820 1.5745 1.5703


USD/CHF

The pair succeeded to break the resistance level 0.9185 which coincides with the bottom border of the bullish channel in which the pair is moving, after it failed to break the resistance level 0.9225 which represents 23.6% of fibonacci's correction level for the last bearish wave (From 0.9575 to 0.9115) and it broke the support level 0.9155 and reached the support level 0.9155 which represents the target of breaking the bottom border of the bullish channel, it is expected that the pair will rise again correctly to re-test the support level 0.9185 but under the condition of breaking the resistance level 0.9155.

The stability of these expectations requires holding the support level 0.9115.

Res: 0.9192 0.9268 0.9309
Pivot: 0.9151
Sup: 0.9075 0.9034 0.8958


USD/JPY

The USD/JPY pair rose, it breached the resistance level 76.79 which represents the B point for the AB=CD harmonic pattern which was the 1st target, then it targeted the resistance level 77.24 in order to complete the CD rib, reaching this level; the pair must correct the pattern, thus itís expected with completing the CD rib at the level 77.24 it will reverse down correcting the support level 76.79 which represents the B point then the resistance level 76.51 which was representing the C point as the 2nd target, the pairís stability below this level may give it the chance to target the resistance level 76.03 which represents the A point.

Res: 76.97 77.18 77.41
Pivot: 76.74
Sup: 76.53 76.30 76.09


AUD/USD

During yesterday trades the AUD/USD pair rose from the support level 1.0686 which coincides with the channelís lower border, this promoted the pair to break the level 1.0750 trading around the resistance level 1.0794 during the previous and the current trades, it formed a near-term sub-channel, in the case of breaking the mentioned resistance level thus itís expected that the pair will continue rising in order to initially target the resistance level 1.0850, but holding the current resistance level may push the pair down again in order to test the nearest support levels as 1.0750 and 1.0686.

Res: 1.0851 1.0896 1.0971
Pivot: 1.0776
Sup: 1.0731 1.0656 1.0611
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  #127  
Old 09-02-2012, 09:38
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Thursday February 9th 2012 GIGFX Technical Analysis Report

EUR/USD

The last trades of EUR/USD were in a narrow range near the level 1.3245 that the pair reached after holding the support area between the levels 1.3080 and 1.3025 as it was expected previously. It is expected that, the pair tends to continue rising it will break the current resistance level targeting the resistance level 1.3350 which may coincide with testing the bottom border of the broken channel, but if the resistance level 1.3245 held, the prices will retreat targeting to test the near support levels and it may test the support area between the support levels 1.3080 and 1.3025.

Res: 1.3292 1.3322 1.3356
Pivot: 1.3258
Sup: 1.3228 1.3194 1.3164


GBP/ USD

The Sterling ended the bullish CD rib for the AB=CD harmonic pattern at the resistance level 1.5927, thus during yesterday trades a top had been formed at this level forced the pair to form a corrective bearish wave, the pair formed a bottom at the support level 1.5792 which is located at 76.4% Fibonacci retracement correction level for the bullish CD rib therefore itís expected that the pair will use this bottom to rise up again till retesting the resistance level 1.5927 which was expected to be broken up till the resistance level 1.5963 which represents 127% Fibonacci retracement continuous level for the last bearish wave.

This scenario depends on the stability of the support level 1.5792.

Res: 1.5897 1.5977 1.6027
Pivot: 1.5847
Sup: 1.5767 1.5717 1.5637


USD/CHF

The USD/CHF succeeded to hold at the support level 0.9115 which led the pair to rise again to retest the resistance level 0.9150 as it was expected, and it failed to rise again as it failed to break the resistance level 0.9150 which led the pair to decline again. It is expected that the pair will continue declining breaking the support level 0.9115 followed by the support level 0.9075.

The stability of these expectations requires holding the resistance level 0.9150.

Res: 0.9146 0.9169 0.9189
Pivot: 0.9126
Sup: 0.9103 0.9083 0.9060


USD/JPY

The USD/JPY pair broke the support level 76.79 which represntes the AB=CD harmonic patternís B point, it tried to correct this pattern, but it failed to hold below this level revereing up till retesting the resistance level 77.24 which represnts the D point depite that, but itís expecetd during the intraday trades that the pair will try to retest correcting the pattern in order to retest the support level 76.79 and the stability below it will give the pair the chance to target the support level 76.51 as a 2nd target which erpersntes the C point then the support level 76.03 which represnts the A point.

This scenario depends on the stability of the resistance level 77.24.

Res: 77.23 77.43 77.70
Pivot: 76.96
Sup: 76.76 76.49 76.29


AUD/USD

During yesterday trades the AUD/USD pair retreated with retesting the support level 1.0750 which coincides with testing the double bullish channels near and long-terms boarders, this pushed the pair up in order to break the level 1.0794 targeting the level 1.0850 which coincides with the near-term channelís top border, this depends on holding the level 1.0750 with the mentioned channels support levels, in case of trading the pair below it thus itís expected that the main direction will be changed to the near-term; in order to target the support levels below the support levels 1.0686 and 1.0580 start.

Res: 1.0838 1.0879 1.0915
Pivot: 1.0802
Sup: 1.0761 1.0725 1.0684
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  #128  
Old 10-02-2012, 10:23
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Friday February 10th 2012 GIGFX Technical Analysis Report

EUR/USD

The narrow range is still dominating the trades of the single currency against the U.S. dollar between the levels 1.3320 and 1.3215, it is expected that, the pair may decline breaking the level 1.3215 to target the support area between the levels 1.3080 and 1.3025, or, it may break the resistance level 1.3320 targeting the level 1.3430, but the expectations tend to be bearish as the pair broke the bullish channel.

Res: 1.3332 1.3377 1.3434
Pivot: 1.3275
Sup: 1.3230 1.3173 1.3128


GBP/ USD

The Sterling formed the previous mentioned bullish wave which was initially awaited to reach the resistance level 1.5927, whereas this wave formed a bearish top at the resistance level 1.5885, this top pushed the pair down again, itís expected that the bearish 1.2.3 pattern will be formed, the pairís last trades is below the level 1.5800 which represents the support wave (1) thus the pair will continue forming the bearish wave (3) remaining part which will target the support level 1.5747, if the pair continued the bearish move therefore a further drop is expected till the support level 1.5662, this scenario depends on the stability of the resistance level 1.5885 breaking up this level means a further rise till the resistance level 1.5963.

Res: 1.5870 1.5923 1.5962
Pivot: 1.5831
Sup: 1.5778 1.5739 1.5686


USD/CHF

The pair retreated to the support level 0.9090 after it failed to break the resistance level 0.4140 which coincides with the bearish trendline for intraday trades, it rose again breaking the bearish trendline so it is expected that the pair will continue rising targeting the resistance level 0.9180 which represents the target of breaking the bearish trendline but under the condition of breaking the resistance level 0.9140, and if the pair broke the support level 0.9090 it will decline targeting the support level 0.9040.

The stability of these expectations requires holding the support level 0.9090.

Res: 0.9150 0.9183 0.9214
Pivot: 0.9119
Sup: 0.9086 0.9055 0.9022


USD/JPY

The USD/JPY pair rose and also targeted the resistance level 77.74 which represents the bullish channelís top border which was formed during the previous trades, although that but itís expected during the intraday trades that the pair will face the resistance level 77.74 then it will be pushed down in order to correct the bullish wave by targeting the support level 77.35 which represents 23.6% Fibonacci retracement correction level for the last bullish wave (from 76.05 to 77.74) breaking this level means a further drop for the pair till the support level 76.89 which represents 50% from the same previous mentioned Fibonacci levels, in condition the pair must break the support level 77.10.

This scenario depends on the stability of the resistance level 77.74.

Res: 77.92 78.19 78.65
Pivot: 77.46
Sup: 77.19 76.73 76.46


AUD/USD

The AUD/USD pair declined during yesterday trades after it formed a top around the level 1.0844 pushed it down till it broke the level 1.0750 in order to trade during the current trades around the level 1.0679 representing by 32.6% Fibonacci retracement correction level for the last bullish move (from 1.0144 to 1.0844), breaching this bullish channel support levels which was supporting the bullish move, whereas itís expected that the pair will decline in order to target the level 1.0630 as a target for the near-term channel then the level 1.0530 as a target for the long-term, in condition the pair must break the level 23.6% from the same previous mentioned Fibonacci levels, with the probability of rising the pair in order to test one of the broken channelís borders with testing the formed top around the level 1.0844.

Res: 1.0825 1.0866 1.0909
Pivot: 1.0782
Sup: 1.0741 1.0698 1.0657
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  #129  
Old 16-02-2012, 08:49
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Thursday February 16th 2012 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD broke the bottom border of the bullish channel for the last mid-term trades during the last trades and broke also the bullish trendline for the long-term trades which led the pair to decline to face the support area between the levels 1.3080 and 1.3025, trading the pair below the level 1.3025 may push it to continue its last bearish move targeting the support level 1.2950 as an initial target followed by the level 1.2850 which represents the target of breaking the mentioned channel, but also the pair probably may test the bottom border of the broken channel and may retest one of the near resistance level like 1.3125.

Res: 1.3157 1.3246 1.3301
Pivot: 1.3102
Sup: 1.3013 1.2958 1.2869


GBP/ USD

The Sterling formed a new bearish top at the resistance level 1.5728 retesting area which represents the head and shoulders patternís neckline, this top coincided with the bearish channelís top border which is embodying the bearish near-term direction whereas the pair used this top in order to decline again by retesting the support level 1.5662 which represents 38.2% Fibonacci retracement correction level for the bullish long-term, breaching down this level is a main condition for continuing the bearish scenario which reaches the confined support area between the levels 1.5525 and 1.5499 (which represents 61.8% Fibonacci level), this area represents the head and shoulders patternís target in order to reach this area; the support level 1.5581 must be broken down, forming a new bottom above the support level 1.5662 will give a strong probability of forming a bearish reversal near-term double consecutive bottoms pattern, will be confirmed by breaching up the bearish channelís top border then breaching up the resistance level 1.5728 which represents the patternís top in this case, then the pair will reach the resistance level 1.5800 which represents the probable price target.

Res: 1.5729 1.5765 1.5795
Pivot: 1.5699
Sup: 1.5663 1.5633 1.5597


USD/CHF

The pair declined to retest the support level 0.9150 which coincides with the bottom border of the bullish channel for near-term trades in which the pair is moving, which led the pair to rise again as it was expected breaking the resistance level 0.9250 which represents 23.6% of fibonacci's correction level for the last bearish wave (From 0.9575 to 0.9090) and reached the resistance level 0.9275 which represents (38.2%) and also coincides with the top border of the bullish channel, so, it is expected that, the pair will decline again to retest the near support level like the support level 0.9205 which coincide now with the bottom border of the bullish channel but under the condition of breaking the support level 0.9250.

The stability of these expectations requires holding the resistance level 0.9275.

Res: 0.9271 0.9308 0.9366
Pivot: 0.9213
Sup: 0.9176 0.9118 0.9081


USD/JPY

The USD/JPY pair is still trading below the formed bullish top at the resistance area 78.65 which represents the D point completing the CD rib for the AB=CD harmonic pattern, the pair will use this top in order to decline till testing the support level 77.80 which represents the B point, breaching down this level gives the pair the chance to decline till the next support level at 77.35 which represents the C point.

This scenario depends on the stability of the resistance level 78.65.
Previous Analysis is still remaining till now

Res: 78.66 78.89 79.14
Pivot: 78.41
Sup: 78.18 77.93 77.70


AUD/USD

The AUD/USD pairís double consecutive bottoms pattern failed to break the resistance level 1.0777, whereas this level faced the pair in order to push it down by reaching the support level area which is located between the levels 1.0665 and 1.0640 which represents the previous formed sideway channelís base, whereas itís expected that the pair will retreat by breaching this area and also targeting the support level 1.0530 which represents the target from breaching this mentioned near-term channel, breaching this level is probable with targeting the level 1.0495 which represents 50% Fibonacci retracement correction level for the long-term bullish direction (from 1.0143 to 1.0844), which also coincides with the bullish channelís target for the long-term trades which the pair broke it during the previous week, but holding the current support area may push the pair to test the level 1.0777 which represents the near-term sideway channelís top border.

Res: 1.0757 1.0820 1.0865
Pivot: 1.0712
Sup: 1.0649 1.0604 1.0541
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  #130  
Old 27-02-2012, 09:14
Level IV Lasers Member
 
Join Date: Feb 2011
Posts: 129
Default Monday February 27th 2012 GIGFX Technical Analysis Report

EUR/USD

The single currency rose against the U.S. dollar breaking the level 1.3370 during the last trades, then, it faced the resistance level 1.3475 during the current trades. It is noticed that, the pair is forming a mid-term bullish channel, whereas, it is expected that, if the level 1.3475 held, the pair will decline testing the near support level 1.3370 which may coincide with the lower border of the mentioned channel, but if the pair traded above the level 1.3475, it may rise targeting the resistance level 1.3600.

Res: 1.3511 1.3564 1.3641
Pivot: 1.3434
Sup: 1.3381 1.3304 1.3251


GBP/ USD

The sterling failed to continue rising due to its inability of breaching the resistance level 1.5900 pushed it down again in order to retest the nearest support level till reached the support level 1.5855, holding the pair below the resistance level 1.5900; thus the pair will start forming a bearish correction wave may target the support level 1.5825 in condition the support level 1.5855 must be broken.

This scenario depends on the stability of the resistance level 1.5925.

Res: 1.5948 1.6013 1.6127
Pivot: 1.5834
Sup: 1.5769 1.5655 1.5590


USD/CHF

The pair succeeded to break the support level 0.8965 and continued decline reaching the support level 0.9830, then, it failed to continue decline as it failed to break the support level 0.8930 which led the pair to rise again to re-test the near resistance levels. However, it is expected that, the pair will rise in order to re-test the resistance level 0.9005 but under the condition of breaking the resistance level 0.8965, but if the pair broke the support level 0.8930 it will continue decline targeting the support level 0.8895.

Res: 0.8999 0.9047 0.9082
Pivot: 0.8964
Sup: 0.8916 0.8881 0.8833


USD/JPY

Last week USD/JPY trades end saw a further rise, however with starting this week Asian trades; the pair formed a reversal candle at the resistance level 81.66, it formed a top pushed the pair down till breached the support level 80.24 which represents 23.6% Fibonacci retracement correction level for the last bullish wave extended (from 79.17 to 81.66) thus itís expected during the intraday levels that the pair will continue declining till targeting the support level 80.54 but only in condition of breaching the support levels 80.97 and 80.74.

This scenario depends on the stability of the resistance level 81.66.

Res: 81.45 81.85 82.62
Pivot: 80.68
Sup: 80.28 79.51 79.11


AUD/USD

The AUD/USD pair rose during the previous trades in order to face the bearish channelís top border for the mid-term, this pushed it down again to face the support level 1.0680 which represents 23.6% Fibonacci retracement correction level for the last bullish move (from 1.0143 to 1.0844), in case of counting the pair this bearish move; the pair must break the mentioned support level in order to target the level 1.0577 represents 38.2% from the same previous mentioned Fibonacci levels, but holding the level 23.6% may push the pair up breaching the bearish channelís top border to target the level 1.0844 representing the previous top and may break the level 1.0930 which represents the target of breaking out the bearish channel.

Res: 1.0738 1.0778 1.0803
Pivot: 1.0713
Sup: 1.0673 1.0648 1.0608
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