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GIGFX · #1 10-02-2011, 13:05

EUR/USD

As was expected through yesterday’s report, the pair continued forming the right shoulder for the head and shoulders pattern and thou the pair broke the resistance level 1.3680 which represents the neck line for the pattern to continue rising after this achieving the highest trading price at the level 1.3743 forming a top at this level to decline from it to retest the nearest support levels.
Now the pair is trading around 1.3680 level which became a support level after breaking it up. It is expected forming a bottom at this level and then push up rising to break the level 1.3743 to continue the bullish direction on the short term targeting the level 1.3861 which represents the target for the head and shoulders pattern.
The stability of these expectations requires the stability of the support level 1.3625.

RES: 1.3779 1.3827 1.3911
PIVOT: 1.3695
SUP: 1.3647 1.3563 1.3515

GBP/USD

The bullish direction is still dominating the trades of the pair for medium and long periods whereas the pair declined at the beginning of this week trades in order to re-test the support level 1.6055 which declared its stability, once the pair hit that level it reflected up again with expectations of more rising in the light of a harmonic pattern (butterfly) which is still in the forming stage and now it is forming the last wave (CD) after breaking the level 1.6055, its re-testing and stability against the pair till now.
So that it is expected to continue rising during trading the pair above the level 1.6055 targeting the level 1.6260 as the first target of the intraday levels, if the pair succeeded to break this level up it means that the pair tends to continue rising in order to achieve the target of the pattern that is formed on the medium-term, this target is to reach the resistance area between the levels 1.6460 and 1.6545.
The stability of these expectations requires the stability of the support level 1.6055.
Yesterday analysis is still remaining till now

RES: 1.6138 1.6176 1.6229
PIVOT: 1.6085
SUP: 1.6047 1.5994 1.5956

USD/CHF

The bullish direction is still dominating the price action for the USD/CHF pair for the intraday levels and for the near-term, the pair declined yesterday testing the support level 0.9555 which represents 50% Fibonacci correction level for the last bearish wave for the medium-term and reflected up testing the resistance level 0.9610 now which represents 61.8% of the same mentioned level with the expectations of more rising in a try to test the resistance level 0.9675 which represents 76.4% of the same mentioned level but under the condition of stability above the resistance level 0.9610.
The stability of these expectations requires the stability of the support level 0.9555.

RES: 0.9640 0.9703 0.9747
PIVOT: 0.9596
SUP: 0.9533 0.9489 0.9426

USD/CAD

After the pair achieved the target of the diamond pattern at 0.9975 around 61.8% correction level for the bearish move (from 1.0055 to 0.9830), the pair formed a top at this level that pushed the pair down to retest the nearest support levels, where it formed a bottom at the support level 0.9916 during yesterday trades to rise from this bottom during the last intraday trades in order to break 0.9975 resistance level, which if the pair was able to break, it will cause more rising to target 1.0002 level that represents 76.4% correction level for the same bearish direction then 1.0055 level.

This analyze requires the stability of the support level 0.9916.

RES: 0.9956 0.9977 1.9998
PIVOT: 0.9935
SUP: 0.9914 0.9893 0.9872

AUD/USD

As it was expected through yesterday report, the pair succeeded to break the support level 1.0102 which represents the base of the reflective pattern (double top) then continued declining till reached the level 1.0047 which represents 38.2% Fibonacci correction level for the bullish direction (from 0.9803 to 1.0198) that the intraday trades are around. It is expected that the pair will break this level down in order to reach the level 1.0000 which represents the target of the pattern and at the same time represents 50% Fibonacci correction level for the same mentioned bullish direction.
The stability of these expectations requires the stability of the resistance level 1.0102.

RES: 1.0152 1.0183 1.0261
PIVOT: 1.0119
SUP: 1.0088 1.0055 1.0024

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GIGFX · #2 11-02-2011, 08:39

EURUSD

The bullish move of the European currency against the American dollar did not remain any more whereas, yesterday traded session saw a new bearish position for the pair that pushed it down breaking the support level 1.3680 which was represents the neck line of the head and shoulders pattern that its benefit to continue the bullish move is ended, while the pair was pushing down it was able to break the bullish trend line for the near-term. All these signals confirms the tendency of the pair to continue forming the bearish direction that started at the top that was formed at the level 1.3861, so it is expected that, the pair will continue declining targeting to reach the level 1.3508 which wit its breaking the pair will decline again till reach the support level 1.3445.
The stability of these expectations requires the stability of the resistance level 1.3645.

Res. 1.3699 1.3796 1.3858
Pivot 1.3635
Sup. 1.3540 1.3478 1.3381

GBPUSD

The bullish direction is still dominating the trades of the pair for medium and long periods whereas the pair declined at the beginning of this week trades in order to re-test the support level 1.6055 which declared its stability, once the pair hit that level it reflected up again with expectations of more rising in the light of a harmonic pattern (butterfly) which is still in the forming stage and now it is forming the last wave (CD) after breaking the level 1.6055, its re-testing and stability against the pair till now.
So that it is expected to continue rising during trading the pair above the level 1.6055 targeting the level 1.6260 as the first target of the intraday levels, if the pair succeeded to break this level up it means that the pair tends to continue rising in order to achieve the target of the pattern that is formed on the medium-term, this target is to reach the resistance area between the levels 1.6460 and 1.6545.
The stability of these expectations requires the stability of the support level 1.6055.

Yesterday analysis is still remaining till now

Res. 1.6150 1.6204 1.6273
Pivot 1.6081
Sup. 1.6027 1.5958 1.5904

USDCHF

The bullish direction is still dominating the price action for the intraday levels and for the near-term, the pair rose yesterday as it was expected to target the resistance level 0.9685 that the price is moving around, testing it forming a harmonic pattern AB=CD that targeted this level to complete the formation stage of the pattern, a corrective reflection is expected for the price targeting the support level 0.9645 during today's intraday trades before continue rising again targeting the resistance level 0.9725.
The stability of these expectations requires the stability of the support level 0.9645.

RES. 0.9736 0.9782 0.9864
Pivot 0.9654
Sup. 0.9608 0.9526 0.9480

USDCAD

The pair is still moving inside a bullish channel that was started at the level 0.9830 so it is expected that the pair will continue rising under the condition of breaking the resistance level 0.9968 which represents 61.8% Fibonacci correction level for the last bearish wave with stability above, this will lead the pair to target the level 1.0001 which represents 76.4% Fibonacci correction level.
But if the pair was unable to break the resistance level 0.9968, it will target the support level 0.9952 which represents the bottom line of the channel, and breaking the pair to this level with stability below will lead the pair to target the level 0. 9916 which represents 38.2% of the same Fibonacci levels, but in order to reach this level it must break the level 0.9942 which represents 50% Fibonacci correction level that was noticed previously.

Res. 0.9981 1.0011 1.0037
Pivot 0.9955
Sup. 0.9925 0.9899 0.9869

AUDUSD

As it was expected through yesterday report, the pair achieved the target of the double tops pattern by reaching the level 1.0000 which represents 50% Fibonacci correction level for the bullish direction (from 0.9803 to 1.0198), during the last intraday trades the pair was able to break this level down, this means more expected declining towards the support level 0.9954 which represents 61.8% Fibonacci correction level for the same bearish direction, if this level has been broken down this means targeting the pair to the next support level 0.9896.
The stability of these expectations requires the stability of the resistance level 1.0047.

Res. 1.0116 1.0190 1.0246
Pivot 1.0061
Sup. 0.9987 0.9932 0.9858

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GIGFX · #3 14-02-2011, 08:23

EUR/USD

As expected, the European currency is still declining against the American dollar targeting the support level 1.3508 and this is what was achieved already and with the beginning of this week trades, the pair is using the formed bottom at 1.3508 to rise in order to re-test the nearest resistance levels to form a bearish top that will force the pair to decline and form a medium and near-term bearish direction, it is expected for this bearish top to be around the resistance level 1.3598 at which the price is expected to coincide with the top pitchfork line that was drawn for the bullish wave (from 1.3508 to 1.3743), then it will decline to re-test the support level 1.3508 which with its breaking down, the pair will target the next support level 1.3445.

The stability of these expectations requires the stability of the resistance level 1.3625.

Res: 1.3611 1.3677 1.3734
Pivot: 1.3554
Sup: 1.3488 1.3431 1.3365

GBP/ USD

The pair traded high at the beginning of this week after a near-term declining remained during the trades of the last week till reached the support level 1.5980 to test it and reflected up forming a reversal pattern for the near-term bearish direction (bearish wedge pattern), so it is expected that more rising is possible during today's intraday trades but under the condition of breaking the top boarder of this pattern in order to target the resistance level 1.6170 to test it then, test the resistance level 1.6275.

The stability of these expectations requires the stability of the support level 1.5980.

Res: 1.6090 1.6177 1.6241
Pivot: 1.6026
Sup: 1.5939 1.5875 1.5788

USD/CHF

The bullish direction is still dominating the move of the pair for the near-term and intraday levels whereas, it is noticed that the pair is moving inside a bullish channel with a relatively high decline degree, this confirms the strength of the bullish momentum till reached at the end of the last week trades to test the resistance level 0.9775 from which the pair reflected forming a medium-term top which coincides with 61.8% Fibonacci correction level for the last bearish wave for the long-term so, it is a strong resistance level and it is hard to be broken with the first testing process.
So it is expected during today's intraday trades that the pair will reflect down correctly in order to form a new bottom that the pair will use it to continue rising and the first support level that will face the pair down reflection is the support level 0.9685 which represents 50% of the same mentioned correction level.

The stability of these expectations requires the stability of the resistance level0.9755.

Res: 0.9774 0.9817 0.9861
Pivot: 0.9730
Sup: 0.9687 0.9643 0.9600

USD/CAD

The bearish direction is still dominating the pair’s direction for the medium and the short-terms so it is expected through the intraday levels that the pair will continue this bearish direction because the pair now is not still forming the harmonic pattern; whereas the price is moving now at the last wave for the pattern CD which is expected for it to target the support level 0.9784 but confirming this, the pair must break the support level 0.9840 which represents the B point which is ready to break it now.
This scenario depends on the stability after breaking the support level 0.9826 which represents the B point.
But if the pair was not able to break the support level 0.9826 which represents the B point and hold above it, the pair will target the support level 0.9981 which represents the C point.

Res: 0.9955 1.0031 1.0078
Pivot: 0.9908
Sup: 0.9832 0.9785 0.9709

AUD/USD

The pair has formed a bottom around the support level 0.9954 which represents 61.8% Fibonacci retracement correction level for the bullish direction ( from 0.9803 to 1.0198 ) in which the pair used it to retest the nearest resistance levels, this movement between rising and falling; expecting that the pair will embody a bearish channel whereas the pair is trading now at the resistance level 1.0075 which is expected to be one of the resistance levels for the upper border for the waiting channel, therefore it's expected to form a bearish top for the short-term the pair will use to fall again to retest the nearest resistance levels one of which is the 0.9954 level.

This expectation depends on the stability of the resistance level 1.0075.

Res: 1.0061 1.0097 1.0148
Pivot: 1.0010
Sup: 0.9974 0.9923 0.9887

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GIGFX · #4 15-02-2011, 08:27

EUR/USD

As remaining to the expected bearish scenario for the European currency against the American dollar, the pair is still forming the bearish rib CD for the harmonic pattern AB=CD that is expected to be completed at the area of the point D between the level 1.3390 and the level 1.3363 which represents 161.8% Fibonacci continuous level for the rib BC. During the last trades, the pair re-tested the resistance level 1.3508 which represents the point B forming a bearish top that the pair will use it to decline, trying to break the support level 1.3445 which with its breaking down the pair will continue declining till reaching the area of the point D that completes the harmonic pattern. It is expected that the price will coincide in the target area with the pitchfork medium line that is drawn on the rib BC.

The stability of these expectations requires the stability of the resistance level 1.3530.

Res: 1.3554 1.3621 1.3684
Pivot: 1.3491
Sup: 1.3424 1.3361 1.3294

GBP/ USD

The pair traded high at the beginning of this week after a near-term declining remained during the trades of the last week till reached the support level 1.5980 to test it and reflected up forming a reversal pattern for the near-term bearish direction (bearish wedge pattern), so it is expected that more rising is possible during today's intraday trades but under the condition of breaking the top boarder of this pattern in order to target the resistance level 1.6170 to test it then, test the resistance level 1.6275.

The stability of these expectations requires the stability of the support level 1.5980.

The previous analyze remains

Res: 1.6085 1.6132 1.6188
Pivot: 1.6029
Sup: 1.5982 1.5926 1.5879

USD/CHF

As it was expected through yesterday report, indeed the pair reflected correcting this sharp near-term bullish direction till reached the support level 0.9685 that was mentioned before to test it. If this level remained steady against the pair testing, the pair will rise but breaking the resistance level 0.9735 confirms the tendency of the pair to continue achieving gains for the near-term and the intraday levels.
But if the support level 0.9685 that the trades are around for today's intraday trades could not be stable, the pair might decline correctly, targeting the support level 0.9640 as the first target for this declining for today's intraday levels.

Res: 0.9731 0.9765 0.9785
Pivot: 0.9711
Sup: 0.9677 0.9657 0.9623

USD/CAD

The bearish direction is still dominating the pair’s direction for the medium and the short-terms, so it is expected through the intraday levels that the pair will continue this bearish direction because the pair now is not still forming the harmonic pattern; whereas the price is moving now at the last wave for the pattern CD which is expected for it to target the support level 0.9784 but confirming this, the pair must break the support level 0.9840 which represents the B point which is ready to break it now.
This scenario depends on the stability after breaking the support level 0.9826 which represents the B point.
But if the pair was not able to break the support level 0.9826 which represents the B point and hold above it, the pair will target the support level 0.9981 which represents the C point.

The previous analysis is still remaining till now

Res: 0.9911 0.9932 0.9965
Pivot: 0.9878
Sup: 0.9857 0.9824 0.9803

AUD/USD

As expected in yesterday report, the pair has formed a bearish top for the medium-term at the resistance level 1.0075 which coincides with the lower border for the bearish channel, so it is expected that the pair will continue moving inside the channel for the medium and the short-terms and it's expected during the next trades a further drop by the direction of the support level 0.9954 which with breaking it down the pair will continue declining to retest the bullish trend line for the long-term.

This expectation depends on the stability of the resistance level 1.0075.

Res: 1.0073 1.0119 1.0166
Pivot: 1.0026
Sup: 0.9980 0.9933 0.9887

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GIGFX · #5 16-02-2011, 08:39

EUR/USD

The pair’s move yesterday reflects positive signals for a beginning of an upcoming rise for the Euro against the American dollar, these signals ended completing the bearish rib CD of the positive harmonic pattern AB=CD by reaching the level 1.3428 at the support area 127% Fibonacci continuous level for the rib BC at which the price coincides with the medium pitchfork line that is drawn for the same rib BC and this is a second signal, the next signal was forming a head and shoulders pattern that shifts the bearish direction whereas, the head represents the level 1.3428 that completes the harmonic pattern, the pair continued forming the right shoulder then it is pronounced through the current trades that the pair is trying to break the neck line which with its breaking the pair will continue rising targeting to reach the level 1.3669 which represents the target of the head and shoulders pattern and at the same time represents 76.4% Fibonacci correction level for the bearish rib CD.

The stability of these expectations requires the stability of the support level 1.3475.

Res: 1.3535 1.3587 1.3624
Pivot: 1.3498
Sup: 1.3446 1.3409 1.3357

GBP/ USD

The pair traded high at the beginning of this week after a near-term declining remained during the trades of the last week till reached the support level 1.5980 to test it and reflected up forming a reversal pattern for the near-term bearish direction (bearish wedge pattern), so it is expected that more rising is possible during today's intraday trades but under the condition of breaking the top boarder of this pattern in order to target the resistance level 1.6170 to test it then, test the resistance level 1.6275.

The stability of these expectations requires the stability of the support level 1.5980.

The previous analyze remains

Res: 1.6193 1.6261 1.6355
Pivot: 1.6099
Sup: 1.6031 1.5937 1.5869

USD/CHF

The support level 0.9685 failed to hold steady against the price testing after the pair tried to rise testing the resistance level 0.9735 and took it as a support to break the support level 0.9685 continuing its corrective declining during yesterday trades with expectations of more declining during today's intraday trades targeting the support level 0.9595 which represents 38.2% Fibonacci correction level for the last long-term bearish wave.

The stability of these expectations requires the stability of the resistance level 0.9685.

Res: 0.9715 0.9761 0.9793
Pivot: 0.9683
Sup: 0.9637 0.9605 0.9559

USD/CAD

Since the end of the last week trades till now, the pair is moving inside the sideways channel between the support level 0.9840 which represents the lower border for the channel and the B point for the harmonic pattern which will be mentioned and the resistance level which represents the top border for the channel 0.9900 but the bearish direction is still dominating the pair’s direction for the medium and the short-terms, so it is expected through the intraday levels that the pair will continue this bearish direction because the pair now is still forming the harmonic pattern; whereas it is moving now at the last wave for the pattern CD which is expected for it to target the support level 0.9784 but confirming this, the pair must break the support level 0.9840 which represents the B point which is ready to break it now.

This scenario depends on the stability after breaking the support level 0.9826 which represents the B point.

But if the pair was not able to break the support level 0.9826 which represents the B point and hold above it, the pair will target the support level 0.9981 which represents the C point.

Res: 0.9915 0.9934 0.9968
Pivot: 0.9881
Sup: 0.9862 0.9828 0.9809

AUD/USD

As expected in yesterday report, the pair continued declining inside the bearish channel till it reached the level 0.9954 which represents 61.8% Fibonacci retracement correction level for the bullish direction ( from 0.9803 to 1.0198 ), a bottom was formed at this level which pushed the pair up from it to retest the nearest resistance levels one of which is the level 1.0000 which coincides at it the price with the lower border for the bearish channel, the pair is trying to form a new bearish top at this level and the pair will use it to continue falling trying to break the level 0.9954 which with breaking it down the pair will continue falling till the confined area which is between the bullish trend line for the short-term and the level 0.9896 which represents 76.4% Fibonacci retracement correction level for the same mentioned bullish direction.

This expectation depends on the stability of the resistance level 1.0000.

Res: 1.0030 1.0099 1.0143
Pivot: 0.9986
Sup: 0.9917 0.9873 0.9804

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GIGFX · #6 17-02-2011, 08:34

EUR/USD

During yesterday trades; after breaking the neck line for the head and shoulders pattern, the pair reflected again below the neck line, but this declining did not remain for a long time because of the appearance of an engulfing candlestick returned the price action again above the neckline of the harmonic pattern achieving the highest price at the level 1.3588, So it is expected for the pair during the upcoming trades that the pair will rise targeting the level 1.3669 which represents the target of the head and shoulders harmonic pattern and at the same time represents 76.4% Fibonacci correction level for the harmonic pattern AB=CD.

The stability of these expectations requires the stability of the support level 1.3520.

Res: 1.3616 1.3665 1.3742
Pivot: 1.3539
Sup: 1.3490 1.3413 1.3364

GBP/ USD

The bullish direction is still dominating the trades of the pair for the medium-term, and by determining Fibonacci's correction levels for the last bullish wave it will be noticed that, the pair declined yesterday testing the support level 1.6010 which represents 50% Fibonacci correction level to reflect up again confirming the tendency of the pair to continue rising up with expectations of more rising during today's intraday trades but under the condition of breaking the resistance level 1.6150 then, the pair will push to target the resistance level 1.6230, and what confirms this bullish scenario is trading the pair above the simple moving average 100.
So that, it is not recommended to have any bullish positions on the pair until breaking the resistance level 1.6150 that was mentioned before.

The stability of these expectations requires the stability of the support level 1.6010.

Res: 1.6189 1.6285 1.6386
Pivot: 1.6088
Sup: 1.5992 1.5891 1.5795

USD/CHF

After the pair broke the bullish channel that was started at the level 0.9320 then achieved the target of breaking out this channel by reaching the support level 0.9547 which represents 50% Fibonacci correction level for the last bullish wave.
So it is expected that the pair will continue the corrective direction during today's intraday trades and will take the bearish direction till reaching the support level 0.9493 which represents61.8% Fibonacci correction level but under the condition of breaking the support level 0.9547 which represents 50% Fibonacci correction level with stability below.
But if the pair was unable to break this level, the pair will reach the resistance level 0.9601 which represents 38.2% Fibonacci correction level.

Res: 0.9703 0.9813 0.9888
Pivot: 0.9628
Sup: 0.9518 0.9443 0.9333

USD/CAD

During the Asian trading period, the pair broke the support level 0.9840 which coincides with the lower boarder for the sideways channel which the pair is moving inside it for the near-term and also it coincides with the B point for the harmonic pattern which will be mentioned, the stability of the pair under this level will make the bearish direction dominate the pair’s direction for the medium and the short-terms, so it is expected through the intraday levels that the pair will continue this bearish direction because the pair now is still forming the harmonic pattern; whereas it is moving now at the last wave for the pattern CD which is expected for it to target the support level 0.9784 but confirming this, the pair must break the support level 0.9840 which represents the B point.

This scenario depends on the stability after breaking the support level 0.9826 which represents the B point.

But if the pair was not able to be stabled under the support level 0.9826 which represents the B point and hold above it, the pair will target the support level 0.9981 which represents the C point.

Res: 0.9885 0.9922 0.9943
Pivot: 0.9864
Sup: 0.9827 0.9806 0.9769

AUD/USD

The pair formed a new bottom at the support level 0.9960 which is the second consecutive bottom at the same level, this is one of the conditions on remaining a bearish reflective pattern which is the double consecutive bottoms, breaking the top border for the bearish channel where the pair was moving inside for the short-term is what confirms on remaining this reflective pattern, with breaking the top of the reflective pattern at the resistance level 1.0071 which represents 50% Fibonacci retracement correction level for the bearish direction ( from 1.0198 to 0.9943 ), the pair will continue rising till reaching the level 1.0180 which represents the targeted price for the pattern, from the expected to coincide the price at this targeted price with the bearish trend line for the long-term.

This expectation depends on the stability of the support level 0.9960.

Res: 1.0070 1.0111 1.0167
Pivot: 1.0014
Sup: 0.9973 0.9917 0.9876

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GIGFX · #7 18-02-2011, 08:20

EUR/USD

As it was expected through yesterday report, the European currency continued rising against the American dollar whereas; the pair reached the coinciding area of the level 1.3623 with the bearish trend line. The level 1.3623 represents 61.8% Fibonacci correction level for the Rib CD of the harmonic pattern AB=CD and the bearish trend line matches the point A with C, the pair is lifted to target the harmonic pattern (head and shoulders) and it is by reaching the level 1.3669 which represents 76.4% Fibonacci correction level for the same mentioned rib, in order to reach this level the pair should break the bearish trend line and the resistance level 1.3623. It is expected also that the pair will continue rising in the case of breaking the level 1.3669 up then the pair will target the resistance level 1.3743.

The stability of these expectations requires the stability of the support level 1.3520.

Res: 1.3640 1.3671 1.3724
Pivot: 1.3587
Sup: 1.3556 1.3503 1.3472

GBP/ USD

As it was expected through yesterday report, indeed the pair succeeded to rise in order to target the resistance level 1.6150 at the end of yesterday trades, also succeeded to break it at today's trades with stability above, this supports the expectations of remaining the bullish direction for the pair during today's intraday trades targeting the resistance level 1.6275.

The stability of this scenario is still remaining by holding the support level 1.6075 steady.

Res: 1.6213 1.6255 1.6325
Pivot: 1.6143
Sup: 1.6101 1.6031 1.5989

USD/CHF

After the pair achieved the target that was expected yesterday by reaching the support level 0.9493 which represents 61.8% Fibonacci correction level for the last bullish wave but it was unable to be steady below this level.
So it is expected that the pair will continue the corrective direction during today's intraday trades and will take the bearish direction till reaching the support level 0.9428 which represents 76.4% Fibonacci correction level but under the condition of breaking the support level 0.9493 which represents 61.8% % Fibonacci correction level with stability below.
But if the pair was unable to break this level, it will target to reach the resistance level 0.9549 which represents 50% Fibonacci correction level.

Res: 0.9573 0.9650 0.9698
Pivot: 0.9525
Sup: 0.9448 0.9400 0.9323

USD/CAD

The pair broke the support level 0.9840 which coincides with the lower boarder for the sideways channel which the pair is moving inside it for the near-term and also it coincides with the B point for the harmonic pattern which will be mentioned, the stability of the pair under this level will make the bearish direction dominate the pair’s direction for the medium and the short-terms, so it is expected through the intraday levels that the pair will continue this bearish direction because the pair now is still forming the harmonic pattern; whereas it is moving now at the last wave for the pattern CD which is expected for it to target the support level 0.9784 but confirming this, the pair must break the support level 0.9840 which represents the B point.

This scenario depends on the stability after breaking the support level 0.9826 which represents the B point.

But if the pair was not able to be stabled under the support level 0.9826 which represents the B point and hold above it, the pair will target the support level 0.9981 which represents the C point.

The previous analysis is still remaining till now

Res: 0.9862 0.9882 0.9907
Pivot: 0.9837
Sup: 0.9817 0.9792 0.9772

AUD/USD

Yesterday trades achieved the second condition of remaining the ( double consecutive bottoms ) as a reflective bearish direction pattern and the condition was breaking the resistance level 1.0071 which represents the top for the pattern and also represents 50% Fibonacci retracement correction level for the bearish direction ( from 1.0198 to 0.9943 ), therefore the pair has pushed up during the last intraday trades expecting for the pair to continue rising till it reaches the level 1.0180 which represents the targeted price for the pattern, it's expected that the price will coincide at this targeted area with the bearish trend line for the long-term.

This expectation depends on the stability of the support level 1.0071.

Res: 1.0158 1.0199 1.0270
Pivot: 1.0087
Sup: 1.0046 0.9975 0.9934

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GIGFX · #8 21-02-2011, 08:39

EUR/USD

The European currency continued rising against the American dollar whereas, the pair reached the level 1.3669 which represents the target of the head and shoulders pattern and also represents 76.4% Fibonacci correction level for the rib CD of the harmonic pattern AB=CD. The pair ended the last week trading session achieving the highest price at 1.3715 at which the pair formed a top and was pushed from it declining in order to re-test the nearest support levels, one of them is the level 1.3669 at which the pair is forming a short-term bullish bottom during the last intraday trades.
It is expected that the pair will use the formed bullish bottom in order to continue forming the bullish directions whereas it is expected with breaking the level 1.3715 that the pair will target to reach the resistance level 1.3743 then the resistance level 1.3828 which represents127% Fibonacci continuous level for the rib CD.

The stability of these expectations requires the stability of the support level 1.3623.

Res: 1.3561 1.3423 1.3431
Pivot: 1.3431
Sup: 1.3691 1.3683 1.3821

GBP/ USD

As it was expected at the end of the last week trades, indeed the pair succeeded to rise testing the resistance level 1.6275 that the pair is still trading around till now, expecting a reflective down correction during today's intraday trades targeting to re-test the support level 1.6150 in order to collect the needed momentum to continue rising and to break the resistance level 1.6275.
But if the pair succeeded to break the resistance level 1.6275 during today's intraday trades, it will target immediately the resistance level 1.6350 in order to test it.

The stability of these expectations requires the stability of the support level 1.6150.

Res: 1.6288 1.6331 1.6400
Pivot: 1.6219
Sup: 1.6176 1.6107 1.6064

USD/CHF

After the pair achieved the mentioned target at the end of the last week which is testing the support level 0.9428 which represents 76.4% Fibonacci correction level for the last bullish wave but wasn’t able to be stability below, so it is expected for the pair to continue the corrective direction during today's intraday trades and will take the bearish side till reaching the support level 0.9320 which represents the beginning of the bullish channel in which the pair is continuing its direction through Fibonacci's mentioned levels but it should break the support level 0.9428 with stability below, this level represents 76.4% Fibonacci mentioned level.
But if the pair was unable to break this level, this will give the pair the chance to reach the resistance level 0. 9494which represents 61.8% Fibonacci level, then the resistance level 0. 9549 which represents 50% Fibonacci level for the mentioned levels.

Res: 0.9516 0.9578 0.9618
Pivot: 0.9476
Sup: 0.9414 0.9374 0.9312

USD/CAD

During last week trades the pair has formed a double consecutive pattern which was formed at the level 0.981, the pair broke the neckline at the level 0.9858 and it is trying to reach the targeted resistance level 0.9900 but this depends on the stability of the support level 0.9858.
But if the pair is unable to be stable above the support level, so the pair will be able to form a new pattern which is the consecutive bottoms and forming a third bottom at the support level 0.9813.

Res: 0.9885 0.9907 0.9941
Pivot: 0.9851
Sup: 0.9829 0.9795 0.9773

AUD/USD

During the end of last week trades the pair achieved the highest price at the level 1.0155, this level expresses the continuing of the pair on forming the bullish directions for the short-term reaching the level 1.0180 which represents the targeted price for the pattern ( double consecutive bottoms ), therefore it is expected that the pair will continue rising during the next trades reaching this level which will be achieved after breaking the level 1.0155.

This expectation depends on the stability of the support level 1.0071.

Res: 1.0170 1.0196 1.0238
Pivot: 1.0128
Sup: 1.0102 1.0060 1.0034

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GIGFX · #9 22-02-2011, 08:49

EUR/USD

Yesterday and during the beginning of this week's trades, the pair did not achieve a price higher than 1.3716 $ whereas this price was the highest achieved price during the trades of the last week, and that’s why yesterday trades were narrow which reflects the collecting of the needed momentum that will indicate the next direction of the upcoming trades. It is noticed through the Asian period trades a strong declining which pushed the pair to break the bottom boarder of the bullish channel in which the pair was moving between its boarders for the near-term, whereas the pair now is testing the key support 1.3572 which represents 50% Fibonacci's correction level for the uptrend (from 1.3528 to 1.3716) and which coincides with the broken bearish trend line for the medium-term. If the pair succeeded to break this area this means that, the pair is tending to continue this bearish move targeting the level 1.3465 which represents the target of getting out of the range of this bullish channel.

Res: 1.3561 1.3423 1.3431
Pivot: 1.3553
Sup: 1.3691 1.3683 1.3821

GBP/ USD

Yesterday, the pair failed to break the mentioned key resistance 1.6275, the pair reflected down breaking the key support 1.6150 which represents 23.6% Fibonacci's correction level for the last medium-term bullish wave with expectations of more declining during today's intraday trades targeting the key support 1.6075 which represents 38.2% Fibonacci's correction level but under the condition of holding the pair steady below the level 1.6150.

The stability of these expectations requires the stability of the key resistance 1.6275.

Res: 1.6288 1.6331 1.6400
Pivot: 1.6219
Sup: 1.6176 1.6107 1.6064

USD/CHF

During the trades of the last days, the pair formed the inverted flag pattern, so the expected direction is the bearish one but under the condition of breaking the bottom boarder of this inverted flag pattern and then the pair will target and break the key support 0.9424 with stability below, this will push the pair down to reach the key support 0.9371.

The stability of these expectations requires the stability of the key resistance 0.9508.

Res: 0.9516 0.9578 0.9618
Pivot: 0.9476
Sup: 0.9414 0.9374 0.9312

USD/CAD

The pair is taking a sideway direction inside this sideways channel which is between the resistance level 0.9868 and the support level 0.9820 but it's clear that the pair will target the bullish direction and this is because of forming the pair the double consecutive bottoms pattern at the support level 0.9820 but the neckline for the pattern must be broken which also coincides with the upper line for the sideways channel at the resistance level 0.9868.

This expectation depends on the stability of the support level 0.9820.

Res: 0.9885 0.9907 0.9941
Pivot: 0.9851
Sup: 0.9829 0.9795 0.9773

AUD/USD

The pair hasn't recorded a price above the level 1.0155 during yesterday trades ending with this the probability of reaching the level 1.0180 which represents the targeted price for the double consecutive pattern, whereas the pair has pushed down breaking the support level 1.0071 which represents the top of the pattern to confirm by this on returning the pair again to form a new bearish direction for the short-term whereas it's expected that the bearish move will be continued during the next trades towards the confined support area which is between the level 0.9960 and the level 0.9943 which is expected to coincide at it the price with the bullish trend line for the long-term.

This expectation depends on the stability of the resistance level 1.0085.

Res: 1.0170 1.0196 1.0238
Pivot: 1.0128
Sup: 1.0102 1.0060 1.0034

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GIGFX · #10 23-02-2011, 08:16

EUR/USD

Yesterday trades saw a remaining decline for the pair till reached the area of re-testing the medium-term bearish trendline that has been broken up whereas, reflective candles has been formed for this decline coincides with the trendline, the pair formed a bottom that is expected to be a bullish one for the medium-term. during the last intraday trades, the pair used this bottom to rise again in order to test the key resistance 1.3716 which with its breaking up, the pair will continue rising targeting the level 1.3767 which represents 127% Fibonacci's continuous level for the bearish wave (1.3716 to 1.3526) then to the next level at 1.3833 which represents 161.8% Fibonacci's continuous level for the same mentioned bearish wave.

The stability of these expectations requires the stability of the key support 1.3643.

Res: 1.3726 1.3803 1.3903
Pivot: 1.3626
Sup: 1.3549 1.3449 1.3372

GBP/ USD

The key resistance 1.6260 is still holding steady against the confirmation of rising the pair for the medium and long-term whereas, the pair reflected down after testing this level reaching the lowest price during yesterday trades at 1.6100, this indicates a corrective approaching bearish direction for the intraday levels, now the pair seems looking for a top that supports this corrective direction during today's intraday trades and it is supposed to be around the key resistance 1.6195, and it is not recommended to have any bearish positions only if the pair broke the key support 1.6155 in order to confirm the tendency of the pair to continue declining during today's intraday trades targeting the key support 1.5990.

The stability of these expectations requires the stability of the key resistance 1.6260.

Res: 1.6254 1.6283 1.6309
Pivot: 1.6228
Sup: 1.6199 1.6173 1.6144

USD/CHF

The bearish direction is still dominating the pair's move for the near and medium-term, this direction has been formed through the move between the boarders of a bearish channel. during the upcoming trades, the pair is in its way to test the important key support 0.9325 then, if the pair succeeded to break this level with a good close below, the pair will continue forming the bearish direction targeting to reach the level 0.9204 which represents 127% Fibonacci's continuous level for the bullish move (from 0.9325 to 0.9774). But if the pair succeeded to form a bottom above this important support level, the pair will try to rise again to test the key resistance 0.9431.

Res: 0.9472 0.9558 0.9611
Pivot: 0.9419
Sup: 0.9333 0.9280 0.9194

USD/CAD

It's noticed that the pair is moving towards a bearish direction below the bearish trend line which was started at the level 1.0045, therefore from the expected that during the intraday trades the pair will decline and it seems that the pair is ready to test the support level 0.9868 which represents 23.6 Fibonacci retracement correction level for the last bearish wave for the medium-term, breaking this level and the stability of it will give the opportunity for the pair in order to complete the bearish direction till it reaches the support level 0.9813 at which a bottom was formed at it before.

This expectation depends on the stability below the bearish direction line at the resistance level 0.9909.

Res: 0.9941 0.9977 1.0037
Pivot: 0.9881
Sup: 0.9845 0.9785 0.9749

AUD/USD

The pair continued declining as was mentioned in yesterday report till it reached the support area between the level 0.9960 and the level 0.9943, the pair has formed a new bottom on the limits of this area which will use it the pair to rise during the last intraday trades to retest the nearest resistance levels, whereas the pair is now trying to retest the resistance level 1.0071 which with breaking it up; it means a further rise till the next resistance level at 1.0101.

This expectation depends on the stability of the support level 0.9960.

Res: 1.0065 1.0144 1.0194
Pivot: 1.0015
Sup: 0.9936 0.9886 0.9807

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GIGFX · #11 24-02-2011, 08:17

EUR/USD

As it was expected in yesterday’s report, the pair succeeded to break the key resistance 1.3716 to continue rising till reached the key resistance 1.3767, through forming the last near-term uptrend it was noticed that the pair is in the forming stage of the harmonic pattern AB=CD whereas, the rib BC represents 61.8% fibonacci's correction level for the rib AB so it is expected that the rib CD will be completed at 161.8% fibonacci's continuous level for the rib BC. The key resistance 1.3716 represents the point B and its breaking up with a good close above means that the pair will remain forming the bullish rib CD which is expected to be completed at the point D which represents the area between the level 1.3810 and 1.3833 which represents 161.8% fibonacci's continuous level for the rib BC, reaching this area needs a confirmation of breaking the key resistance 1.3767 during the upcoming trades.

The stability of these expectations requires the stability of the key support 1.3671.

Res: 1.3809 1.3866 1.3947
Pivot: 1.3728
Sup: 1.3671 1.3590 1.3533

GBP/ USD

The pair is still trading below the key resistance 1.6260 which makes it hard for the pair to continue rising for the near-term and intraday trades, the pair now is trading inside a near-term bullish channel, forming a harmonic pattern AB=CD but the condition of completing forming this harmonic pattern is breaking the mentioned level 1.6260 which if the pair succeeded to break this level during today's intraday levels, the pair will target immediately the key resistance 1.6370 which completes this harmonic pattern.

The stability of these expectations requires the stability of the key support 1.6130.

Res: 1.6279 1.6346 1.6419
Pivot: 1.6206
Sup: 1.6139 1.6066 1.5999

USD/CHF

The bearish direction is still dominating the pair's move for the near and medium-term; this move has been formed through the pair's move inside a bearish channel. during yesterday trades, the pair succeeded to break down the important key support 0.9325 indicating the tendency of the pair to continue declining targeting the key support 0.9204 which represents 127% Fibonacci’s continuous level for the bullish move (from 0.9325 to 0.9774) at which the price is expected to coincide with the bottom boarder of the bearish channel.

The stability of these expectations requires the stability of the key resistance 0.9325.

Res: 0.9378 0.9426 0.9462
Pivot: 0.9378
Sup: 0.9294 0.9258 0.9210

USD/CAD

The pair wasn't able yesterday to break the support level 0.9868 which represents 23.6% Fibonacci retracement correction level for the last bearish wave, if the pair is able to break this level during the intraday trades, the pair will target the support level 0.9813 which is the bottom point during the previous days.
But if the pair breaks the resistance level 0.9901 which represents 38.2% Fibonacci retracement correction level and the stability above this level, the pair will target the resistance level 0.9929 which represents 50.0% from the previous Fibonacci retracement correction levels then to the resistance level 0.9957 which represents 61.8% from the same previous Fibonacci retracement correction levels.

Res: 0.9941 0.9977 1.0037
Pivot: 0.9881
Sup: 0.9845 0.9785 0.9749

AUD/USD

As what was expected yesterday, the pair used the formed bottom at the support level 0.9960 in rising to retest the nearest resistance levels, whereas during the last intraday trades; forming a top at the level 1.0082 which represents 61.8% Fibonacci retracement correction level for the bearish direction ( from 1.0155 to 0.9965 ) this top came to push the pair down to retest the nearest support levels from it the support level 1.0010, if the pair formed a bottom at this level, the pair will rise again trying to break the level 1.0082 which with breaking it up means a further rise till the level 1.0155, but if the pair was able to break the support level 1.0010 down that means a further drop till the level 0.9960.

Res: 1.0057 1.0095 1.0134
Pivot: 1.0018
Sup: 0.9980 0.9941 0.9903

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GIGFX · #12 25-02-2011, 08:55

EUR/USD

The European currency continued rising against its counterpart, this uptrend reflects the formation of a CD bullish rib for the negative harmonic pattern AB=CD, this rib has been completed by reaching the D point which is located in the area between the level 1.3810 and the level 1.3833 which represents 161.8% Fibonacci's continuous level for the BC rib. But during the last intraday trades, reflective candles appeared, and with holding the key resistance 1.3833 steady, the next direction will respond to these reflective candles and will drop to re-test the support level 1.3716. but if the pair succeeded to break the key resistance 1.3833 with stability above, it will continue rising targeting to reach the level 1.3906 which represents 200% Fibonacci's continuous level for the BC rib.

Res: 1.3844 1.3890 1.3960
Pivot: 1.3774
Sup: 1.3728 1.3658 1.3612

GBP/ USD

The pair dropped during yesterday's strong trades reaching the support level 1.6125 which is still stable against the pair testing till now, the most important to notice is that, the pair will form a double bottom reflective pattern if succeeded to break the mentioned support level as it is noticed through this chart.
So, it is expected that, the pair will continue declining during today's intraday trades but under the condition of breaking the support level 1.6125, to target then the support level 1.6055 as the first target of this declining, then it will target the level 1.5990.

The stability of these expectations requires the stability of the key resistance 1.6195.

Res: 1.6233 1.6328 1.6402
Pivot: 1.6159
Sup: 1.6064 1.5990 1.5895

USD/CHF

The near and medium-term bearish direction is still dominating the price action of the USD/CHF pair; this direction has been formed through the move between the boarders of a bearish channel, whereas yesterday trades saw a new record by reaching the level 0.9233 and it is expected that, the pair will continue registering a new low records during the upcoming trades, targeting the support level 0.9204 which represents 127% Fibonacci's continuous level for the uptrend (from 0.9325 to 0.9774). So, if the pair succeeded to break this level down, it will have a further drop targeting the next support level at 0.9048 which represents 161.8% Fibonacci's continuous level for the same mentioned uptrend.

The stability of these expectations requires the stability of the key resistance 0.9325.

Res: 0.9320 0.9377 0.9421
Pivot: 0.9276
Sup: 0.9219 0.9175 0.9118

USD/CAD

As noticed in the chart, the pair is trading since yesterday till this moment at the area which is between the support level 0.9793 and the resistance level 0.9841.
But the bearish direction is dominating on the pair move for the intraday levels therefore it's expected that the pair will break the support level 0.9793 and the stability below it gives preference for the pair to continue declining till the support level 0.9763.
And breaking the pair the resistance level 0.9841 and the stability above it will enhance the pair’s direction towards up till the resistance level 0.9877.

Res: 0.9876 0.9929 0.9960
Pivot: 0.9845
Sup: 0.9792 0.9761 0.9708

AUD/USD

The pair is still rising to reach the resistance level 1.0155 which will coincide at it the price with the bearish trend line for the long-term, this bullish scenario was expected after breaking the pair the resistance level which represents 61.8% Fibonacci retracement correction level for the bearish direction ( from 1.0155 to 0.9965 ), if the pair is able to break the resistance level 1.0155 with breaking the bearish trend line, the pair will continue rising till reaching the level 1.0206 which represents 127% Fibonacci retracement continuous level for the same mentioned bearish direction.

This expectation depends on the stability of the support level 1.0082.

Res: 1.0138 1.0191 1.0260
Pivot: 1.0069
Sup: 1.0016 0.9947 0.9894

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GIGFX · #13 28-02-2011, 08:25

EUR/USD

As it was mentioned through the previous report, the end of the last week trades saw a retreating for the single currency against its counterpart, this retreating had some previous mentioned signals; one of them is the completeness of the harmonic pattern AB=CD by reaching the point D that is located between the level 1.3810 and 1.3833 which represents 161.8% Fibonacci's continuous level for the rib BC, and also the appearance of the reflective candles for uptrend in the same area of completing the pattern. It was expected that, the pair will decline till reaching the support level 1.3716 and this is what happened indeed. At the beginning of the current week trades, the pair continued forming a bottom at the mentioned support level 1.3716 that the pair used it to push upwards to re-test the nearest resistance levels such as the level 1.3767 which with its breaking, the pair will continue rising to reach the resistance level 1.3833 then the level 1.3906.

The stability of these expectations requires the stability of the support level 1.3716.

Res: 1.3816 1.3884 1.3930
Pivot: 1.3770
Sup: 1.3702 1.3656 1.3588

GBP/ USD

As it was expected through the end of the last week report, indeed, the pair succeeded to break the level 1.6125 which represents the base line of the double bottom pattern that has been formed for the medium-term price action, targeting the support level 1.6055 that was mentioned before as the first target for the pattern, the pair reached this level to test it then reflected up again re-testing the same mentioned level 1.6125.
It is expected that, the pair might retreat targeting the support level 1.6055 again then it will reach the last target of the pattern at the support level 1.5990.
But this scenario requires the stability of the key resistance 1.6125 against the pair testing with a close below with negative signals like a Japanese candles pattern or a signal of the momentum move or forming any negative pattern on the price action.

Res: 1.6174 1.6233 1.6305
Pivot: 1.6102
Sup: 1.6043 1.5971 1.5912

USD/CHF

The bearish direction is still dominating the pair's move for the near and medium-term, this direction has been formed through the moving inside a bearish channel, whereas, the trades of the end of the last week saw rising for the pair from the formed bottom at the level 0.9233 targeting to test the nearest resistance levels such as the key resistance 0.9325 at which the price coincided with the top boarder of the bearish channel where, a top has been formed and the pair used it to push down during the last intraday trades, the pair is in its way to test the support level 0.9233 which with its breaking down, the pair will retreat till reaching the level 0.9204 which represents 127% Fibonacci's continuous level for uptrend (from 0.9325 to 0.9774). And if the pair succeeded to break this level down, the pair will retreat targeting the next support level at 0.9048 which represents 161.8% Fibonacci’s continuous level for the same mentioned uptrend.

The stability of these expectations requires the stability of the key resistance 0.9325.

Res: 0.9323 0.9361 0.9404
Pivot: 0.9280
Sup: 0.9242 0.9199 0.9161

USD/CAD

The pair is still moving inside the bearish channel since the previous days for the medium-term, the pair is facing now the support level 0.9768 which represents the lower border for the channel therefore it's expected for the intraday trades, the probability of reflecting the pair up to test the resistance level 0.9910 which represents the top border for the channel but the pair must break the resistance level 0.9823 with the stability above it then break the level 0.9865 with the stability above it.
In case of breaking the support level 0.9768 with the stability below it, the pair will continue declining till the support level 0.9734.

Res: 0.9815 0.9849 0.9869
Pivot: 0.9795
Sup: 0.9761 0.9741 0.9707

AUD/USD

As expected in the last week report, the pair continued rising till reached the resistance level 1.0155 whereas it was able to break this level up and also broke the bearish trend border for the long-term declaring by that the beginning of forming a new bullish direction, therefore it's expected during the next trades a further rise till reaching the level 1.0206 which represents 127% Fibonacci retracement continuous level for the bearish direction ( from 1.0155 0.9965 ) then the next resistance level at 1.0272.

This expectation depends on the stability of the support level 1.0120.

Res: 1.0205 1.0236 1.0296
Pivot: 1.0145
Sup: 1.0114 1.0054 1.0023

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GIGFX · #14 02-03-2011, 08:45

EUR/USD

During yesterday trades, the pair failed to break the important key resistance 1.3860 where it formed a top around this level and used it to push declining breaking the bullish trendline for the near and medium-term, this line represents the bottom boarder of the bullish wedge pattern that shifts the direction, so that, the pair is supposed to continue its corrective bearish direction targeting the level 1.3591 which represents the target of the bullish wedge pattern and also represents 61.8% Fibonacci's retracement correction level for the bullish move (from 1.3428 to 1.3855). But in order to reach this level, the pair should break the support level 1.3754 that the current trades are around where, a positive divergence is noticed for the bullish direction that may push the pair up if a bottom has been formed at, and in this case the pair will rise trying to test the key resistance 1.3860.

Res: 1.3831 1.3887 1.3921
Pivot: 1.3797
Sup: 1.3741 1.3707 1.3651

GBP/ USD

The bullish direction is still dominating the price action of the pair for the near-term trades and the intraday levels whereas, the pair rose yesterday to test the key resistance 1.6330 from which it reflected down with expectations of more rising, and what confirms this expectations is breaking the price to the simple moving average index 50 and trading above it till now, the pair now is in its way to test the support level 1.6195 which performs as the mentioned simple moving average index 50, and also the appearance of the positive divergence on the stochastic index below the chart, this divergence indicates that the pair may rise during today's intraday trades.
Moving the pair up will target the key resistance 1.6330 as the first target of this bullish wave then it will target the key resistance 1.6410.

The stability of these expectations requires the stability of the support level 1.6195.

Res: 1.6312 1.6358 1.6389
Pivot: 1.6281
Sup: 1.6235 1.6204 1.6158

USD/CHF

The pair is still soaring during the last near-term trades using the formed bottom at the support level 0.9233 whereas, the pair succeeded to break the top boarder of the bearish channel declaring the first reflective signals for the bearish direction, a stronger signal is remained and it is by breaking up the key resistance 0.9235 then, the pair will continue forming a corrective bullish direction targeting the level 0.9361 which represents 23.6% Fibonacci's correction level for the downtrend (from 0.9774 to 0.9233), then the pair will target the level 0.9440 which represents 38.2% Fibonacci's correction level for the same mentioned downtrend and also represents the final target of breaking out this bearish channel.

The stability of these expectations requires the stability of the support level 0.9233.

Yesterday analysis is still remaining till now

Res: 0.9311 0.9340 0.9359
Pivot: 0.9292
Sup: 0.9263 0.9244 0.9215

USD/CAD

As noticed in the chart, the pair dropped yesterday to its lowest level since 2007 and a hummer shaped candle has been formed at the level 0.9686 and this is a signal for the pair rising during the intraday trades and it will target the resistance level 0.9788 which represents 23.6% Fibonacci retracement correction level for the last bearish wave and if it will be able to stable above this level, the pair will continue rising till targeting the resistance level 0.9821 which represents 50% from the previous mentioned Fibonacci retracement correction level.
But with breaking the support level 0.9747 and the stability below it, the pair will target the support level 0.9686 again.

Res: 0.9770 0.9797 0.9841
Pivot: 0.9726
Sup: 0.9699 0.9655 0.9628

AUD/USD

The pair was not able to break the resistance level 1.0206 which represents 127% Fibonacci retracement correction level for the bearish direction ( from 1.0155 to 0.9965 ) it was the first signal for the pair declining which was confirmed yesterday with breaking the support level 1.0155 down and also breaking the previous broken bearish trendline up which means that the pair will be able to continue forming the corrective bearish direction for the last bullish wave, the pair is trading now nearest the support level 1.0082 which represents 50% Fibonacci retracement correction level for the bullish direction ( from 0.9965 to 1.0200 ) it's expected with breaking this level the pair will continue declining reaching the level 1.0020 which represents 76.4% Fibonacci retracement correction level for the previous mentioned bullish direction.

This expectation depends on the stability of the resistance level 1.0145

Res: 1.0179 1.0228 1.0256
Pivot: 1.0151
Sup: 1.0102 1.0074 1.0025

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GIGFX · #15 03-03-2011, 09:21

EUR/USD

As it was expected through yesterday's report, the pair formed a bottom at the support level 1.3750 and used it to push upside till reached the important key resistance 1.3860 again, the appearance of a positive divergence from the RSI index, that continues the bullish move was confirm this scenario. At the last intraday trades, the pair was trading around this important key resistance and if the pair was able to break it completely with good close above, the pair will continue rise targeting to reach the level 1.3977 which represents 127% fibonacci's retracement continuous level for the bearish move from 1.3860 to 1.3428.

The stability of these expectations requires the stability of the support level 1.3750.

Res: 1.3921 1.3979 1.4068
Pivot: 1.3832
Sup: 1.3774 1.3685 1.3627

GBP/ USD

As it was expected through yesterday's report, the pair rose upside targeting the key resistance 1.6330 using the formed bottom that has been formed at the support level 1.6215 to begin its rising starting with that level, forming AB=CD harmonic pattern for the near-term, and now it is in the final stage of forming the last wave CD expecting more rising during today's intraday trades targeting the key resistance 1.6410 as the first target followed by the key resistance 1.6510 which represents the point D and the end of the formed harmonic pattern.
The condition of confirming this scenario is to break the key resistance 1.6330 which represents the point B with stability above.

The stability of these expectations requires the stability of the support level 1.6215.

Res: 1.6372 1.6421 1.6500
Pivot: 1.6293
Sup: 1.6244 1.6165 1.6116

USD/CHF

During yesterday trades, the pair achieved a new record by reaching the level 0.9202 which represents 127% Fibonacci's continuous level for the bullish move from 0.9325 to 0.9774, this new move has been indicated by a bullish move for the stochastic index and this means an appearance of a positive divergence that shifts the downtrend into uptrend, so with the stability of the level 0.9202 the price will respond to the divergence that will be confirmed by breaking the resistance level 0.9270 upward there, the pair will continue rise targeting to reach the resistance level 0.9325 again. If the pair succeeded to break the level 0.9202 it will ignore the reflective signals targeting to reach the next support level 0.9046 which represents 161.8% Fibonacci's continuous level for the same mentioned uptrend.

Res: 0.9283 0.9331 0.9372
Pivot: 0.9242
Sup: 0.9194 0.9153 0.9105

USD/CAD

The pair formed a harmonic pattern during the long-term trades which the pair began it from the A point at the level 1.0216 since the end of the last year, the pair has taken the bearish move by forming a harmonic pattern till it settled at the D point at the level 0.9667.
Therefore it's expected for the pair during the intraday trades to take the corrective side which is the bullish direction until testing the resistance level 0.9836 which represents the B point.

This expectation depends on the stability of the support level 0.9667 which represents the D point.

Res: 1.6208 1.6282 1.6336
Pivot: 1.6154
Sup: 1.6080 1.6026 1.5952

AUD/USD

The pair has formed a bottom at the borders of the level 1.0082 which represents 50% Fibonacci retracement correction level for the bullish direction ( from 0.9965 to 1.0200 ), this bottom returned again the bullish move for the pair and it's expected that this bottom had came to draw a bullish trendline for the medium and the short-terms, remaining the effectiveness of this line will be continued with breaking the resistance level 1.0200 which with breaking it up means continuing the bullish move till the level 1.0271 which represents 161.8% Fibonacci retracement continuous level for the bearish direction ( from 1.0200 to 1.0085 ).

This expectation depends on the stability of the support level 1.0082.

Res: 1.0203 1.0239 1.0298
Pivot: 1.0144
Sup: 1.0108 1.0049 1.0013

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GIGFX · #16 04-03-2011, 08:41

EUR/USD

The bullish direction is still dominating the pair's move for the short and medium-term after forming a head and shoulders pattern that continues this direction as it is noticed in this chart.
The pair succeeded to break up the neckline to reach the first target of this breaking at the level 1.3860 that the pair was able to reach during the trades of the day before today and also succeeded to re-test it and to break it amid a momentum that indicates more rising during today's intraday trades targeting the key resistance 1.4015 and it is the second target of breaking the formed pattern for the medium-term.

The stability of these expectations requires the stability of the support level 1.3860.

Res: 1.3921 1.3979 1.4068
Pivot: 1.3832
Sup: 1.3774 1.3685 1.3627

GBP/ USD

As it was expected in yesterday's report, the pair rose upside targeting the key resistance 1.6330 using the formed bottom that has been formed at the support level 1.6215 to begin its rising starting with this level, forming AB=CD harmonic pattern for the near-term, and now it is in the final stage of forming the last wave CD expecting more rising during today's intraday trades targeting the key resistance 1.6410 as the first target followed by the key resistance 1.6510 which represents the point D and the end of the formed harmonic pattern.
The condition of confirming this scenario is to break the key resistance 1.6330 which represents the point B with stability above.

The stability of these expectations requires the stability of the support level 1.6215.

Yesterday analysis is still remaining till now

Res: 1.6372 1.6421 1.6500
Pivot: 1.6293
Sup: 1.6244 1.6165 1.6116

USD/CHF

Now the pair is moving inside a sideways channel between the key resistance 0.9329 and the support level 0.9230, so it is expected during today's intraday trades that the pair will decline till reaches the bottom boarder of the channel at the level 0.2930 to test it but under the condition of remaining the pair below the key resistance 0.9329 which represents the top boarder of the channel.
But if the pair was able to break the key resistance 0.9329 which represents the top boarder of the channel, then the pair will target to reach the level 0.9415.

Res: 0.9283 0.9331 0.9372
Pivot: 0.9242
Sup: 0.9194 0.9153 0.9105

USD/CAD

The pair formed a harmonic pattern during the long-term trades which the pair began it from the A point at the level 1.0216 since the end of the last year, the pair has taken the bearish move by forming a harmonic pattern till it settled at the D point at the level 0.9667.
Therefore it's expected for the pair during the intraday trades to take the corrective side which is the bullish direction till testing the resistance level 0.9836 which represents the B point.

This expectation depends on the stability of the support level 0.9667 which represents the D point.

The previous analyze still remains

Res: 1.6208 1.6282 1.6336
Pivot: 1.6154
Sup: 1.6080 1.6026 1.5952

AUD/USD

The pair is taking the bullish move for the medium and the short-term, the pair is in process of forming the ( Gartley )harmonic pattern targeting the located area between the supports levels 1.0072 and 1.0055 whereas the pair is moving now in the last CD wave for the pattern therefore it's expected a further drop will accompany the pair’s move during the intraday trades targeting this previous mentioned area.

This expectation depends on the stability of the resistance level 1.0170.

Res: 1.0203 1.0239 1.0298
Pivot: 1.0144
Sup: 1.0108 1.0049 1.0013

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GIGFX · #17 07-03-2011, 08:23

EUR/USD

The European currency continued rising against the U.S. dollar whereas the pair hits fresh 3-month high by reaching the level 1.4008, this bullish move was formed through moving inside a bullish channel for the short and medium-term, the resistance area between the level 1.4008 and the level 1.3978 which represents 127% Fibonacci continuous level for the downtrend (from 1.3861 to 1.3428) coincides with the top boarder of the bullish channel to form a bullish top with the appearance of reflective candles that provides a probability of corrective bearish move during the upcoming trades targeting to re-test the support level 1.3861 but under the condition of holding the resistance level 1.4008 steady, which with its breaking with good close above then the pair will rise targeting to reach the resistance level 1.4129 which represents 161.8% Fibonacci continuous level for the same mentioned downtrend.

Res: 1.4016 1.4063 1.4155
Pivot: 1.3924
Sup: 1.3877 1.3785 1.3738

GBP/ USD

The pair failed to achieve more gains while moving upside during the trades of the last week forming a reversal pattern (head and shoulders pattern) on the near-term trades, but it is necessary to break the neckline of the pattern at the support level 1.6240, it is expected after this breaking that the pair will decline targeting the support level 1.6180 as the first target of this declining which represents 50% Fibonacci correction level for the last bullish wave for the medium-term followed by the support level 1.6120.

The stability of these expectations requires the stability of the key resistance 1.6290.

Res: 1.6321 1.6366 1.6400
Pivot: 1.6287
SuP: 1.6242 1.6208 1.6163

USD/CHF

Through this chart it is noticed that the pair is forming a rectangle pattern that continues the direction after breaking one of its boarders, the resistance level 0.9325 represents the top boarder of the pattern and the area between the support level 0.9230 and the level 0.9201 represents the bottom boarder of the pattern, the pattern came within a downtrend so with breaking the bottom boarder, the pair will continue declining targeting the level 0.9105 which represents the target of this pattern in this bearish case, but if the pair succeeded to break the top boarder it will be a reflective pattern and will shift the direction of the pair into bullish direction targeting to reach the level 0.9420 which represents 38.2% Fibonacci's correction level for the downtrend (from 0.9774 to 0.9201).

Res: 0.9350 0.9385 0.9444
Pivot: 0.9291
Sup: 0.9256 0.9197 0.9162

USD/CAD

The pair is moving in a very narrow domain for the short-term trades and for the intraday levels whereas the pair is limited between the resistance level 0.9740 and the support level 0.9715 with the expectations on continuing these narrow trades during the intraday levels with tending the pair to rise, if the pair is able to break the resistance level 0.9740 with a good close above it therefore for the expected that the pair will target the resistance level 0.9766.
But in case of breaking the support level 0.9715 and the stability below it, the pair will target the support level 0.9682.

Res: 0.974 0.9763 0.9776
Pivot: 0.9727
Sup: 0.9704 0.9691 0.9668

AUD/USD

It's noticed in the chart that the pair is in process of forming a continuous pattern for the bullish direction which is the bullish flag pattern, forming this pattern came to confirm the ability of the pair on continuing forming the bullish direction for the medium-term, therefore it's expected during the next trades that the pair will break the top border for the flag which is expected to coincide at it the price with the resistance level 1.0152, breaking this area will push the pair to continue rising towards the targeted area for the pattern which is located between the level 1.0277 which represents 161.8% Fibonacci retracement correction level for the bearish direction ( from 1.0200 to 1.0075 ) and the level 1.0295, reaching this area; the resistance level 1.0200 also must be broken with a good close above it.

This expectation depends on the stability of the support level 1.0075.

Res: 1.0178 1.0213 1.0240
Pivot: 1.0151
Sup: 1.0116 1.0089 1.0054

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GIGFX · #18 08-03-2011, 08:46

EUR/USD

The trades of the pair yesterday were narrow between the support level 1.3955 and the level 1.4035 which represents one of the resistance levels of the top boarder of the bullish channel in which the pair is moving. Closing yesterday trades with a daily reversal candle paves the way to a corrective bearish wave for the last bullish wave (from 1.3743 to 1.4035) this bearish wave will be confirmed after breaking the support level 1.3955 then it will continue forming the bearish wave targeting the support levels 1.3923 and 1.3889 which represent 38.2% and 50.0% Fibonacci's correction levels for the same mentioned bullish wave. This bearish scenario requires the stability of the resistance level 1.4035 which with its breaking up the pair will continue rise during the upcoming trades targeting to reach the resistance level 1.4129 which represents 161.8% Fibonacci's continuous level for the bearish direction (from 1.3861 to 1.3428).

Res: 1.4016 1.4065 1.4096
Pivot: 1.3985
Sup: 1.3936 1.3905 1.3856

GBP/ USD

As it was expected through yesterday's report, the pair retreated yesterday breaking the support level 1.6240 after trying to test resistance level 1.6340 but it was in vain, the pair reflected strongly with a confused move expecting more retreating during today's intraday trades specially after breaking the simple moving average for the last 50 candles and touching the support level 1.6200 which represents 23.6% fibonacci's correction level for the last bullish wave for the long-term and it is expected also that, during falling, the pair will target the support level 1.6115 which represents 38.2% fibonacci's correction level of the same mentioned wave.

The stability of these expectations requires the stability of the resistance level 1.6240.

Res: 1.6299 1.6398 1.6457
Pivot: 1.6240
Sup: 1.6141 1.6082 1.5983

USD/CHF

Through this chart it is noticed that the pair is forming a rectangle pattern that continues the direction after breaking one of its boarders, the resistance level 0.9325 represents the top boarder of the pattern and the area between the support level 0.9230 and the level 0.9201 represents the bottom boarder of the pattern, the pattern came within a downtrend so with breaking the bottom boarder, the pair will continue declining targeting the level 0.9105 which represents the target of this pattern in this bearish case, but if the pair succeeded to break the top boarder it will be a reflective pattern and will shift the direction of the pair into bullish direction targeting to reach the level 0.9420 which represents 38.2% Fibonacci's correction level for the downtrend (from 0.9774 to 0.9201).

This analysis is still remaining till now

Res: 0.9282 0.9298 0.9322
Pivot: 0.9258
Sup: 0.9242 0.9218 0.9202

USD/CAD

The pair is not moving inside the sideway channel for the short-term and the intraday levels as noticed in the chart, the pair is moving in a narrow range between the resistance level 0.9741which represents the top border for the channel and the support level 0.9706 which represents the lower border for the channel, this pattern gives a strong signal for the pair direction on breaking one of these borders, as noticed that the pair formed a pattern after ending the bearish move, if the pair broke the support level 0.9706 which represents the lower border for the channel and the stability below it therefore the pair will target the support level 0.9670, but if the pair will be able to break the resistance level 0.9741which represents the top border for the channel therefore the pair will target the resistance level 0.9775.

Res: 0.9748 0.9766 0.9791
Pivot: 0.9723
Sup: 0.9705 0.968 0.9662

AUD/USD

The pair tried during yesterday trades to break the top border for the bullish flag pattern but it was unable to break the resistance level 1.0185 which pushed the pair down again to trade inside the bullish flag pattern, although of this scenario but it's expected that breaking the top border for the flag with breaking the resistance level 1.0185 up the pair will continue rising till the level 1.0277 which represents the targeted price for the pattern and also represents 161.8% Fibonacci retracement correction level for the bearish direction ( from 1.0200 to 1.0075 ).

This expectation depends on the stability of the support level 1.0075.

Res: 1.0169 1.0222 1.0262
Pivot: 1.0129
Sup: 1.0076 1.0036 0.9983

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GIGFX · #19 09-03-2011, 08:20

EUR/USD

As it was expected yesterday the pair formed a corrective bearish wave for the last bullish wave (from 1.3743 to 1.4035) after breaking the support level 1.3955 which became a resistance level. it was mentioned that this corrective bearish wave is targeting to re-test the bottom boarder of the bullish channel in which the pair is still moving for the medium and the long-term and this is what already happened whereas, during the last intraday trades the pair was trying to confirm forming a bottom at which the price coincides with the support level 1.3855 which represents 61.8% Fibonacci correction level for the bullish wave with the bottom boarder of the bullish channel. Holding this bottom steady means returning the pair to rise again in order to re-test the nearest resistance levels one of which is the level 1.3955 but in the case of breaking the support level 1.3855 with the bottom boarder of the bullish channel means the tendency of the pair to continue its downtrend for the medium-term targeting to reach the level 1.3743.

Res: 1.3974 1.4044 1.4100
Pivot: 1.3918
Sup: 1.3848 1.3792 1.3722

GBP/ USD

As it was expected yesterday, indeed, the pair declined breaking the level 1.6200 which represents 23.6% Fibonacci correction level for the last bullish wave for the medium-term, reaching the support level 1.6115 to test it which represents 38.2% Fibonacci correction level for the same mentioned bullish wave and still stable against the pair testing till now, expecting a little reflect upwards targeting to re-test the resistance level 1.6200 to continue declining downwards again.
So, it is not recommended to have any bearish positions until the pair break the support level 1.6115 then it will reach the support level 1.6045 which represents 50.0% Fibonacci correction level for the same mentioned wave.

The stability of these expectations requires the stability of the resistance level 1.6200.

Res: 1.6203 1.6246 1.6286
Pivot: 1.6163
Sup: 1.6120 1.6080 1.6037

USD/CHF

The pair succeeded to break up the resistance level 0.9325 which represents the top boarder of the rectangle pattern, this means that this pattern became reversal for the downtrend, so it is expected that, the pair will continue rising during the upcoming trades targeting to reach the level 0.9420 which represents 38.2% Fibonacci correction level for the downtrend (from 0.9774 to 0.9201).

The stability of these expectations requires the stability of the support level 0.9325.

Res: 0.9389 0.9427 0.9491
Pivot: 0.9325
Sup: 0.9287 0.9223 0.9185

USD/CAD

The pair is moving inside a sideways channel for the short-term and the intraday levels as noticed in the chart, the pair is moving in a narrow range between the resistance level 0.9741which represents the top border for the channel and the support level 0.9706 which represents the lower border for the channel, this pattern gives a strong signal for the pair’s direction on breaking one of these borders, as noticed that the pair formed a pattern after ending the bearish move, if the pair broke the support level 0.9706 which represents the lower border for the channel with stability below it therefore the pair will target the support level 0.9670, but if the pair was able to break the resistance level 0.9741which represents the top border for the channel therefore the pair will target the resistance level 0.9775.

The previous analyze still remains

Res: 0.9735 0.9759 0.9774
Pivot: 0.9720
Sup: 0.9696 0.9681 0.9657

AUD/USD

The pair developed from it's movement inside the bullish flag pattern to the movement inside a bearish channel for the medium and the short-terms, whereas it's able to break the support level 1.0075 to form a new bottom at the support level 1.0055 which represents 61.8% Fibonacci retracement correction level for the bullish direction ( from 0.9965 to 1.0200 ) the price coincides at this level with the lower border for the bearish channel therefore the pair formed a bottom to push up from it during the last intraday trades trying to test the nearest resistance level and also to test the top border for the bearish channel, from these levels the level 1.0134 which represents 61.8% Fibonacci retracement correction level for the bearish direction ( from 1.0183 to 1.0055 ).

This expectation depends on the stability of the support level 1.0055.

Res: 1.0135 1.0174 1.0215
Pivot: 1.0094
Sup: 1.0055 1.0014 0.9975

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GIGFX · #20 10-03-2011, 08:23

EUR/USD

Yesterday trades were in narrow range between the bottom boarder of the bullish channel and the resistance level 1.3955 whereas, the pair formed a bottom and using the bottom boarder of the bullish channel and pushed upwards to re-test the resistance level 1.3955 forming a top around this level and used this top to decline again during the last intraday trades. The current trades are outside the range of the bullish channel; this means that, breaking the bottom boarder of the bullish channel will be confirmed after breaking the support level 1.3860 then the pair will continue declining targeting to reach the level 1.3660 which represents the target of breaking out this bullish channel and also represents 61.8% Fibonacci correction level for the uptrend (from 1.3428 to 1.4035). In order to reach this level the pair should break the support levels 1.3803 and 1.3731.

The stability of these expectations requires the stability of the resistance level 1.3955.

Res: 1.3947 1.3987 1.4033
Pivot: 1.3901
Sup: 1.3861 1.3815 1.3775

GBP/ USD

As it was expected yesterday, indeed, the pair declined breaking the level 1.6200which represents 23.6% Fibonacci correction level for the last bullish wave for the medium-term, reaching the support level 1.6115 to test it which represents 38.2% Fibonacci correction level for the same mentioned bullish wave and still stable against the pair testing till now, expecting a little reflect upwards targeting to re-test the resistance level 1.6200 to continue declining downwards again. (Happened yesterday already)
So, it is not recommended to have any bearish positions until the pair break the support level 1.6115 then it will reach the support level 1.6045 which represents 50.0% Fibonacci correction level for the same mentioned wave.

The stability of these expectations requires the stability of the resistance level 1.6200.

Yesterday analysis remains

Res: 1.6249 1.6297 1.6353
Pivot: 1.6193
Sup: 1.6145 1.6089 1.6041

USD/CHF

The pair formed a top at the level 0.9368 which is the highest price for the pair in ten days; the pair registered this price after breaking the resistance level 0.9325 which represents the top boarder of the rectangle pattern. After the pair formed this top, the pair was pushed downside to decline searching about forming a bullish bottom; the pair formed a bottom at the good support level 0.9265 and used it to rise during the last intraday trades. Between rising and declining it is noticed that the pair is in a forming stage of a harmonic pattern AB=CD whereas, the level 0.9368 represents the B point, with breaking this point it is expected that, the pair will continue rise targeting to reach the level 0.9420 which represents the target of the rectangle pattern and at the same time represents the D point that completes the harmonic pattern and also represents 38.2% Fibonacci’s correction level for the downtrend (from 0.9774 to 0.9201).

The stability of these expectations requires the stability of the support level 0.9265.

Res: 0.9352 0.9410 0.9452
Pivot: 0.9310
sup: 0.9252 0.9210 0.9152

USD/CAD

After achieving the pair the previous mentioned target which was to reach the support level 0.9670, this was after breaking the lower border for the channel which were formed as a rectangle shape pattern.
Therefore from the expected for the intraday trades that the pair will take the bullish direction, the pair is facing now the resistance level 0.9706 which represents the previous mentioned lower border for the channel and the stability above this level, gives the pair the chance to reach the resistance level 0.9735 then to the level 0.9778.

This expectation depends on the stability of the pair above the resistance level 0.9706 which represents the lower border for the previous mentioned channel.

Res: 0.9708 0.9734 0.9755
Pivot: 0.9687
Sup: 0.9661 0.9640 0.9614

AUD/USD

As expected in yesterday report, the pair used the formed bottom at the support level 1.0055 to rise searching for the expected bearish top at the level 1.0134 which represents 61.8% Fibonacci retracement correction level for the bearish direction ( from 1.0183 to 1.0055 ) which was actually done by achieving the highest price for yesterday trades at 1.0130, this level coincided at it the price with the top border for the bearish channel to complete forming the top which forced the pair to decline again, whereas it's noticed during the last intraday trades breaking the support level 1.0055 and the pair is trying to break the lower border for the bearish channel to begin on forming a new bearish direction will be confirmed by breaking the support level 1.0020, if this breaking is confirmed, the pair will continue declining reaching the level 0.9965.

This expectation depends on the stability of the resistance level 1.0083.

Res: 1.0137 1.0169 1.0208
Pivot: 1.0098
Sup: 1.0066 1.0027 0.9995

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GIGFX · #21 11-03-2011, 08:32

EUR/USD

As it was expected through yesterday report, the pair succeeded to break the support level 1.3860 continuing forming a corrective bearish direction for the near-term. this breaking confirmed the trueness of breaking out the bullish channel by breaking its bottom boarder, during yesterday trades the pair continued declining achieving the lowest price at the level 1.3775 at the support area of 38.2% Fibonacci's correction level for the uptrend from (1.3428 to 1.4035). during the upcoming trades it is expected that, the pair will rise to test the level 1.3860 which became a resistance level 1.3860 to form a bearish top for the near-term that will force the pair to return declining again to try to break the support level 1.3775 which with its breaking down means more declining till reaching the level 1.3660 which represents the target of breaking out this bullish channel and also represents 61.8% Fibonacci's correction level for the same downtrend, and in order to reach this level, the pair should break the support level 1.3731.

The stability of these expectations requires the stability of the resistance level 1.3860.

Res: 1.3889 1.3981 1.4038
Pivot: 1.3832
Sup: 1.3740 1.3683 1.3591

GBP/ USD

As it was expected through yesterday report, the pair succeeded to test the resistance level 1.6200 then declined again breaking the support level 1.6115 to target then the support level 1.6045, it is noticed that the pair is forming a harmonic pattern AB=CD for the near-term targeting the support level 1.6030 that the pair is almost around and is trying to test it, expecting that the pair will reflect correctly upwards targeting to re-test the resistance level 1.6125 at which the pair will search about a top for a new bearish wave to target at then the support level 1.6030 again.

The stability of these expectations requires the stability of the resistance level 1.6125.

Res: 1.6168 1.6276 1.6341
Pivot: 1.6103
Sup: 1.5995 1.5930 1.5822

USD/CHF

The pair formed a top at the level 0.9368 which is the highest price for the pair in ten days; the pair registered this price after breaking the resistance level 0.9325 which represents the top boarder of the rectangle pattern. After the pair formed this top, the pair was pushed downside to decline searching about forming a bullish bottom; the pair formed a bottom at the good support level 0.9265 and used it to rise during the last intraday trades. Between rising and declining it is noticed that the pair is in a forming stage of a harmonic pattern AB=CD whereas, the level 0.9368 represents the B point, with breaking this point it is expected that, the pair will continue rise targeting to reach the level 0.9420 which represents the target of the rectangle pattern and at the same time represents the D point that completes the harmonic pattern and also represents 38.2% Fibonacci’s correction level for the downtrend (from 0.9774 to 0.9201).

The stability of these expectations requires the stability of the support level 0.9265.

The previous analyze remains

Res: 0.9359 0.9401 0.9440
Pivot: 0.9320
Sup: 0.9278 0.9239 0.9197

USD/CAD

The pair reflected up during yesterday trades to form the corrective direction, it's expected for the pair to continue the corrective direction that the pair started since breaking the resistance level 0.9735 which represents 23.6% Fibonacci retracement correction level for the last bearish wave for the medium-term, from the expected that the pair will try to target the resistance level 0.9778 which represents 38.2 previous mentioned Fibonacci retracement correction level and the stability above this level, the pair will continue targeting the resistance level 0.9812 which represents 50.0% Fibonacci retracement correction level.
But the pair’s ability on retesting, breaking and the stability below the support level 0.9735 which represents 23.6% Fibonacci retracement correction level which gives the pair the chance to continue declining till the support level 0.9666.

Res: 0.9787 0.9818 0.9871
Pivot: 0.9734
Sup: 0.9703 0.965 0.9619

AUD/USD

The pair is continuing the sharp declining move during the last short-term trades, whereas the pair was pushed down breaking the lower border for the bearish channel for the medium and the short terms which means the strength of the current bearish direction.
During the intraday trades, the pair is nearest to retest for the support level 0.9965 and if the pair is able to break this level down, it will continue declining till reaching the level 0.9940 which represents the targeted price to get out of the channel, also it's expected that with breaking this level down the pair will continue declining till the level 0.9902 which represents 127% Fibonacci retracement continuous level for the bullish direction ( from 0.9965 to 1.0200 ).

This expectation depends on the stability of the resistance level 1.0040.

Res: 1.0085 1.0164 1.0212
Pivot: 1.0037
Sup: 0.9958 0.9910 0.9831

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GIGFX · #22 14-03-2011, 09:27

EUR/USD

The European single currency returned rising again V.S the American dollar at the end of the last week trades, this rising came after forming a corrective bearish move that reached the area of the level 1.3731which represents 50.0% Fibonacci's correction level for the uptrend (from 1.3428 to 1.4035), to form a bottom that returned the pair to rise again breaking the resistance level 1.3860 and also broke the bearish trendline for the near-term.
With the beginning of this week trades, the pair registered a bullish gap that confirms the strength of the bullish move that is dominating the pair now, a top has been formed at the level 1.3968 which represents 61.8% Fibonacci's correction level for the downtrend (from 1.4035 to 1.3752) and declined from it during the last intraday trades trying to cover the whole bullish gap whereas, with covering this bullish gap the pair will rise breaking the resistance level 1.3968 targeting to reach the resistance level 1.4035.

The stability of these expectations requires the stability of the support level 1.3860.

Res: 1.3964 1.4020 1.4126
Pivot: 1.3858
Sup: 1.3802 1.3696 1.3640

GBP/ USD

The pair is moving inside a short-term bearish channel and through this chart it is noticed that the pair was testing its bottom boarder at the end of the trades of last week at the support level 1.5995 which coincided with the destination of the harmonic pattern AB=CD, this led to a corrective reflection upwards targeting to test the top boarder of this bearish channel that the pair reached indeed at the beginning of the Asian trades of today and the beginning of this week trades, expecting more declining as long as moving inside this channel targeting the support level 1.5995 again followed by the support level 1.5885 but under the condition of breaking the support level 1.5995.

The stability of these expectations requires the stability of the resistance level 1.6090.

Res: 1.6118 1.6157 1.6228
Pivot: 1.6047
Sup: 1.6008 1.5937 1.5898

USD/CHF

The pair is still forming a corrective bullish direction for the short and medium-term, this direction has been formed through moving inside a bullish channel, the current trades are around the coinciding area of the support level 0.9265 with the bottom boarder of the channel. It is expected that the pair will continue forming a bottom at this area and the pair will use it to rise again targeting the level 0.9365 which with its breaking up, the pair will rise more till reaching the level 0.9420 which represents 38.2% fibonacci's correction level for the downtrend (from 0.9774 to 0.9201) at which the price is expected to coincide with the top boarder of the bullish channel.

The stability of these expectations requires the stability of the support level 0.9265.

Res: 0.9344 0.9396 0.9435
Pivot: 0.9305
Sup: 0.9253 0.9214 0.9162

USD/CAD

As what noticed in the chart, the pair is above the bullish trend line for the intraday levels for the short-term after the first trial in which the pair tried to complete the direction then it reached the resistance level 0.9777 which represents 38.2% Fibonacci retracement correction level for the last bearish wave but it failed, the pair is trying now to reach the resistance level 0.9777 which represents 38.2% same previous mentioned Fibonacci retracement correction level but with the condition of breaking the resistance level 0.9735 which represents 23.6% Fibonacci retracement correction level.

This expectation depends on the stability of the pair above the bullish trend line at the support level 0.9722.

Res: 0.9776 0.9836 0.9873
Pivot: 0.9739
Sup: 0.9679 0.9642 0.9582

AUD/USD

The pair couldn’t break the central support level 0.9965 forming a new bottom at this level, the pair used this bottom to rise again to retest the nearest resistance levels which didn't stand along against the strong rising which dominated the pair during last week trades, the pair continued rising till the bearish trend line for the medium-term which coincides at the price with the resistance level 1.0145 which represents 76.4% Fibonacci retracement correction level for the bearish direction ( from 1.0200 to 1.0067 ), a top has formed at this area in which the pair declined again searching for forming a bullish bottom for the short-term which will use it the pair to rise again trying to break the level 1.0145 as well as breaking the bearish trend line then reaching the resistance level 1.0200, expecting for the bullish bottom to be within the limits of the support level 1.0056.

Res: 1.0211 1.0279 1.0401
Pivot: 1.0089
Sup: 1.0021 0.9899 0.9831

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GIGFX · #23 15-03-2011, 09:05

EUR/USD

As it was expected through yesterday report, the pair continued declining to cover the whole bullish gap then reflected rising to break the resistance level 1.3968 and to register the highest price during yesterday trades at 1.4003 at which the price coincides with re-testing the bottom boarder of the bullish channel which has been broken down before so, a top has been formed and pushed the pair down again trying to form a new bullish bottom, it is expected that the pair will use this bullish bottom to rise again targeting to reach the level 1.4035 which with its breaking up, the pair will rise more targeting to reach the level 1.4111 which represents 127% Fibonacci's continuous level for the downtrend (from 1.4035 to 1.3752), it is expected for this bottom to be around the support level 1.3890.

The stability of these expectations requires the stability of the support level 1.3860.

Res: 1.4026 1.4064 1.4125
Pivot: 1.3965
Sup: 1.3927 1.3866 1.3828

GBP/ USD

Yesterday, the pair succeeded to exit the channel that the pair was moving inside for the short-term as unexpected action; this led the pair to reach the resistance level 1.6180 and tested it as the first target of breaking out this channel and reflected down again trying to test the support level 1.6075 which coincides with re-testing the top boarder of this broken channel expecting more rise during today's intraday trades but under the condition of breaking the resistance level 1.6180 with stability above to target then to test the resistance level 1.6260 and this level performs as the target of breaking out this channel.

The stability of these expectations requires the stability of the support level 1.6075.

Res: 1.6237 1.6302 1.6408
Pivot: 1.6131
Sup: 1.6066 1.5960 1.5895

USD/CHF

The coinciding area of the support level 0.9265 with the bottom boarder of the bullish channel for the short-term did not hold steady for a long time against the declining that started from the former top at the level 0.9368 whereas, the pair broke this area targeting to reach the support level 0.9201, it is expected that the pair will decline more after breaking this level targeting to reach the level 0.9157 which represents 127% Fibonacci's continuous level for the uptrend (from 0.9201 to 0.9368).

The stability of these expectations requires the stability of the resistance level 0.9285.

Res: 0.9295 0.9348 0.9381
Pivot: 0.9262
Sup: 0.9209 0.9176 0.9123

USD/CAD

The pair has formed a harmonic pattern AB=CD after completing the last wave for the CD pattern by reaching the D point which was at the resistance level 0.9846 but according to the Radiation Concern at Japan and the trades of the pair during the Asian trades, it is expected during the intraday trades that the pair will form an extended CD wave till the resistance level 0.9890 just in case of breaking the pair the resistance level 0.9846 which is the D point for the pattern and if it will not be able to break it therefore the pair may reach the support level 0.9803 which represents the B point for the pattern and in case of breaking the pair it and the stability below it the pair will target the support level 0.9705 the C point for the pattern.

Res: 0.9762 0.9790 0.9817
Pivot: 0.9735
Sup: 0.9707 0.9680 0.9652

AUD/USD

Yesterday trades saw many bearish positions, these operations were supported with the Australian bank stabled rate without any changes, it's noticed during the intraday trades a try for breaking the pivotal support level 0.9965, if it was broken with a good close below this level, the pair will reach the level 0.9916 which represents 127% Fibonacci retracement correction level for the continuous level for the bullish direction ( from 1.0067 to 1.0158 ), also it's expected a further drop till the level 0.9849 which represents 161.8% Fibonacci retracement correction level for the same bullish direction.

Res: 1.0129 1.0168 1.0210
Pivot: 1.0087
Sup: 1.0048 1.0006 0.9967

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GIGFX · #24 16-03-2011, 09:28

EUR/USD

During yesterday trades, the pair formed a new bullish bottom for the short-term at the level 1.3855, this bullish bottom represents the point C of the harmonic pattern AB=CD that is in its forming stage whereas, the rib BC represents 61.8% Fibonacci's correction level for the rib AB so it is expected that the rib CD will be completed at 161.8% Fibonacci's continuous level for the rib BC. With breaking the resistance level 1.4003 which represents the point B and also with breaking the 1.4035 it is expected that, the pair will continue forming the bullish rib CD which targets to reach the level 1.4110 which represents the point D that completes the harmonic pattern.

The stability of these expectations requires the stability of the support level 1.3855.

Res: 1.4055 1.4113 1.4213
Pivot: 1.3955
Sup: 1.3897 1.3797 1.3739

GBP/ USD

Yesterday trades were volatile and confused between rising and declining and by drawing Fibonacci's correction levels for the last bearish wave for the short-term it is noticed that the pair faced the support level 1.6060 at the beginning of the Asian market trades today, this level represents 23.6% Fibonacci's correction levels and now the pair is testing the resistance level 1.6115 which represents 38.2% of the same correction levels. If the pair succeeded to break this level with stability above it is expected that the pair will target the resistance level 1.6200 which represents 61.8% of the same correction levels during today's intraday trades.

The stability of these expectations requires the stability of the support level 1.6060.

Res: 1.6185 1.6286 1.6389
Pivot: 1.6082
Sup: 1.5981 1.5878 1.5777

USD/CHF

During yesterday trades, the pair registered a new record by reaching the lowest price in these trades at the level 0.9140 which is located in the support area of the percentage 127 of Fibonacci's continuous levels for the uptrend (from 0.9201 to 0.9368). At this percentage, the pair formed a bottom and used it to rise during the last intraday trades targeting to re-test the level 0.9201 which became a resistance level. It is expected to form a bearish top at this level that will force the pair to decline breaking the level 0.9140which with its breaking downwards means more declining till reaching the level 0.9099 which represents 161.8% Fibonacci's continuous level for the same mentioned uptrend.

Res: 0.9230 0.9296 0.9341
Pivot: 0.9185
Sup: 0.9119 0.9074 0.9008

USD/CAD

After raising the pair yesterday by forming a reversal candle as noticed in the chart, the pair is between the resistance level 0.9857 which represents 38.2% Fibonacci retracement correction level for the last bullish wave and the support level 0.9819 which represents 50.0% Fibonacci retracement correction level.
If the pair breaks the support level 0.9819 which represents 50.0% Fibonacci retracement correction level and the stability below it, so the pair will target the support level 0.9783 which represents 61.8% Fibonacci retracement correction level.
But if the pair breaks the resistance level 0.9857 which represents 38.2% from the same previous mentioned Fibonacci retracement correction level and the stability above it; the pair will target the resistance level 0.9901 which represents 23.6% from the same previous mentioned Fibonacci retracement correction level.

Res: 0.9970 1.0090 1.0208
pivot: 0.9852
Sup: 0.9732 0.9614 0.9494

AUD/USD

Yesterday pair trades saw a continuation of a great selling positions which reserves the Australian bank decision on keeping the interest rate without any changes, it was expected in the last report that with breaking the central support level 0.9965, the pair will continue declining till the level 0.9849 which represents 161.8% Fibonacci retracement correction level for the bullish direction (from 1.0067 to 1.0158 ) which is already done, after reaching this level the pair formed a bearish bottom which pushed it up during the last intraday trades searching to form a bearish top which will force the pair to decline again trying to break the support level 0.9849 which with breaking it down means a further drop till the next support level at 0.9776 which represents 200% Fibonacci retracement continuous level for the same mentioned bullish direction, expecting that a bearish top will be formed at the level 0.9965 which became a resistance level after breaking it down.

Res: 1.0059 1.0227 1.0349
Pivot: 0.9937
Sup: 0.9769 0.9647 0.9479

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GIGFX · #25 17-03-2011, 10:07

EUR/USD

During yesterday trades, the pair failed to break the resistance level 1.4003 which represents the point B of the harmonic pattern AB=CD that is still in the forming stage to form a new top at this level and it is the second consecutive top at this level. This provides one of the conditions of the existing of a double bottom pattern that reflects the uptrend into downtrend, and the bottom of this pattern is at the support level 1.3855.
If the pair succeeded to break the resistance level 1.4003, it will continue forming the CD rib of the harmonic pattern which targets to reach the level 1.4110 which represents the point D that completes the harmonic pattern. But if the pair broke the support level 1.3855 means that the second condition of the existing of a reversal pattern is achieved then the pair will continue declining targeting the support level 1.3750 initially.

Res: 1.3992 1.4064 1.4127
Pivot: 1.3929
Sup: 1.3857 1.3794 1.3722

GBP/ USD

The trades of the pair are still confused and volatile between rising and declining suggesting to form a harmonic pattern AB=CD and now it is moving in the range of the last wave of the pattern CD which is supposed to target the support level 1.5915 during today's trades but under the condition of breaking the support level 1.5985 which represents the point B of the pattern with stability below.

The stability of these expectations requires the stability of the resistance level 1.6095.

Res: 1.6097 1.6186 1.6242
Pivot: 1.6041
Sup: 1.5952 1.5896 1.5807

USD/CHF

The pair continued registering new records where reached the lowest price at the level 0.8915 during yesterday trades, as it was expected through yesterday report, the pair formed a bearish top at the resistance level 0.9201 and used this top to continue declining. Also the pair formed a bearish bottom at the level 0.8915 and used it to rise during the last intraday trades targeting to re-test the nearest resistance levels in order to form a new bearish top that is expected to be between the levels 0.9035 and 0.9099, the pair will use this top to decline again to continue forming the bearish direction targeting to reach the level 0.8790 but under the condition of breaking the level 0.8915 with stability below.

Res: 0.9148 0.9312 0.9429
Pivot: 0.9031
Sup: 0.8867 0.8750 0.8586

USD/CAD

As noticed in the chart, after the previous days trades during the for the medium-term the pair was trading inside the bullish channel but from the expected that during the intraday trades the pair will decline to test the support level 0.9887 which represents the bottom border for the bullish channel and if the pair is able to break this level, so it will target the support level 0.9841.
But it's possible that the pair will try to retest the resistance level 0.9966 which is the top level that the pair achieved during yesterday trades.

Res: 0.9985 1.0055 1.0145
Pivot: 0.9895
Sup: 0.9825 0.9735 0.9665

AUD/USD

The bearish direction is still dominating the pair trades, whereas a new bearish top has been formed during yesterday trades at the resistance level 0.9965 which pushed the pair down again breaking the support level 0.9849 as what was expected in yesterday report, the bearish move continued till the pair achieved the lowest price for yesterday trades at 0.9715, during the last trades the pair rose from the formed bottom at the level 0.9715 trying to retest the level 0.9849 which became the resistance level after breaking it down.
It is expected to form a new bearish top at this level which will push the pair down to continue forming the bearish direction till reaching the support level 0.9658.
But to reach this level; the level 0.9715 must be broken with a good close below it.

Res: 0.9879 1.0043 1.0125
Pivot: 0.9797
Sup: 0.9633 0.9551 0.9387

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GIGFX · #26 18-03-2011, 09:24

EUR/USD

Yesterday trades saw the beginning of registering the highest trading prices during the last three months for the European currency against the U.S dollar, whereas the pair was able to break the resistance level 1.4003 which represents the point B for the AB=CD under configuration harmonic pattern to continue forming the CD rib achieving the highest price for yesterday trades at 1.4052, breaking the resistance level 1.4003 came to support the continuality of rising to draw the remaining part for the harmonic pattern, whereas from the expected with breaking the level 1.4052; that the pair will continue rising till the level 1.4100 which represents the complement D point for the harmonic pattern.

This expectation depends on the stability of the support level 1.4003.

Res: 1.4090 1.4163 1.4274
Pivot: 1.3979
Sup: 1.3906 1.3795 1.3722

GBP/USD

The pair movement is still characterized with the sharp oscillation movement for the short-term and now is continuing forming a sideway channel in which the pair is moving inside it; between the resistance level 1.6175 and the support level 1.5985, therefore the pair now is at a confusion area between these two levels, breaking one of them is a condition of confirming the next pair direction.
The price now is testing the resistance level 1.6175, if the pair was able to break this level this time, so the first targeted price for this penetration is trying to test the resistance level 1.06270, but in case of the stability of this level against testing the price for it for the second consecutive time therefore a bearish correction will accompany the price movement during today's trades to target the support level 1.5985 which represents the lower border for this sideway channel.

Res: 1.6217 1.6291 1.6415
Pivot: 1.6093
Sup: 1.6019 1.5895 1.5821

USD/CHF

The dominant direction on the pair movement is the bearish direction for the medium and the short-terms, it's noticed that the movement inside this bearish channel has tested it's lower border at the support level 0.8915 and it reflected up breaking the level 0.9035 and it is still trading above it expecting a slightly rise targeting the resistance level 0.9160 which coincides with testing the pair for the top border of the channel trying find a suitable top to collect the needed momentum to continue declining again.

This expectation depends on the stability of the support level 0.9035.

Res: 0.9041 0.9097 0.9135
Pivot: 0.9003
Sup: 0.8947 0.8909 0.8853

USD/CAD

As noticed in the chart, the pair failed again on breaking the resistance level 0.9960 to form a new top which is the second consecutive top at the same level, one of the conditions for ( double consecutive tops ) reflective pattern for the bullish direction conditions is available, the base of this pattern is at the support level 0.9810 which is located at the same support level 50% Fibonacci retracement correction level for the bullish direction ( from 0.9666 to 0.9972 ), breaking the base of the pattern is the most important condition on remaining the reflective pattern, also there is a negative reflective divergence which is supported by the expected bearish movement for the pair during the next trades, confirming breaking the level 0.9810 means a further drop to reach the level 0.9666 which represents the targeted price for the pattern, to reach this level; the support level 0.9738 must be broken.

Res: 0.9921 0.9989 1.0033
Pivot: 0.9877
Sup: 0.9809 0.9765 0.9697

AUD/USD

The pair has continued forming the bearish direction which embodies through the movement inside the bearish channel, whereas the pair achieved the lowest price during the last three months by reaching the level 0.9715 to form a bearish bottom at this level, the pair rose again to retest the nearest resistance levels, whereas the last intraday trades saw breaking up the top border of the bearish channel to continue the pair’s rising to test the important resistance level at 0.9965, if this level is breached up means that the pair will continue rising till reaching the targeted price to get out of this bearish channel at the level 1.0050 which represents at the same time 76.4% Fibonacci retracement correction level for the bearish direction ( from 1.0157 to 0.9715 ), failure of breaking the resistance level 0.9965 means declining again till the support level 0.9860.

Res: 0.9884 0.9961 1.0051
Pivot: 0.9794
Sup: 0.9717 0.9627 0.9550

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GIGFX · #27 21-03-2011, 09:10

EUR/USD

The trades of last week saw the rise of the European currency against the dollar. The rib CD that completes the harmonic pattern AB=CD has been completed by reaching the level 1.4110 which represents the point D, rising the pair did not stop at this level and continued to register the highest price at 1.4185. it is expected that the pair will continue rising on speculation that with breaking the level 1.4185 the pair will target to reach the level 1.4210 which represents 161.8% Fibonacci's continuous level for the downtrend (From 1.4035 to 1.3752), and in the case of breaking this level with stability above, the pair will continue to rise targeting to reach the next resistance level 1.4318.

The stability of these expectations requires the stability of the support level 1.4110.

Res: 1.4251 1.4320 1.4456
Pivot: 1.4115
Sup: 1.4046 1.3910 1.3841

GBP/USD

The pair succeeded at the end of the last week trades to break up the confusion area between the level 1.6175 and the level 1.5895 as it was expected, speculating more rise during today's intraday trades targeting the resistance level 1.6270 as the first targets of breaking out the short-term sideway move, if the pair succeeded to break this level with stability above it will target to reach the resistance level 1.6330.

The stability of these expectations requires the stability of the support level 1.6175.

Res: 1.6303 1.6375 1.6497
Pivot: 1.6181
Sup: 1.6109 1.5987 1.5915

USD/CHF

The bearish direction is still dominating the trades of the pair till now although the corrective bullish move for the short-term, where the pair formed a bearish top at the resistance level 0.9090 with expectation that the pair will continue declining during the upcoming trades breaking the bullish trendline for the short-term, then the pair will target to decline till reaching the level 0.8915 which with its breaking downwards, the pair will decline till reaches the next support level at 0.8868.

The stability of these expectations requires the stability of the resistance level 0.9090.

Res: 0.9073 0.9139 0.9187
Pivot: 0.9025
Sup: 0.8959 0.8911 0.8845

USD/CAD

After breaking the pair the bullish channel at the support level 0.9874 during the previous trades for the short-term, the pair formed a bearish wave. from the expected that the pair will continue declining during the intraday trades to continue the corrective direction, the pair is trading now between the support level 0.9783 which represents 61.8% Fibonacci retracement correction level for the last bullish correction wave and the resistance level 0.9820 which represents 50.0% Fibonacci retracement correction level breaking the pair the support level 0.9783 matches the pair till the support level 0.9738 which represents 76.4% Fibonacci retracement correction level, but the ability of the pair in breaking then the stability above the resistance level 0.9820 matches the pair to the resistance level 0.9856 which represents 38.2% Fibonacci retracement correction level.

Res: 0.9868 0.9895 0.9928
Pivot: 0.9835
Sup: 0.9808 0.9775 0.9748

AUD/USD

As noticed in the chart, the pair is continuing forming the bullish corrective direction, whereas the pair broke the resistance level 0.9965 up, during the last intraday trades the pair continued rising reaching the level 1.0050 which represents 76.4% Fibonacci retracement correction level for the bearish direction ( from 1.0157 to 0.9715 ) and also represents the targeted price to get out of the bearish channel, also from the expected that in case of breaking the resistance level 1.0050 the pair will continue rising to reach the next resistance level at 1.0157.

This expectation depends on the stability of the support level 0.9965.

Res: 1.0032 1.0103 1.0229
Pivot: 0.9906
Sup: 0.9835 0.9709 0.9638

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GIGFX · #28 22-03-2011, 09:23

EUR/USD

The European currency continued rising against the dollar whereas, during yesterday trades the pair registered the highest price for four months ago at the level 1.4240, interfering the ECB in currency market supports this rise. As noticed in the chart, this rise has been formed through moving inside a bullish channel for the short-term. With breaking the level 1.4240 it is expected for the pair to continue rising targeting to reach the level 1.4318 which represents 200.0% Fibonacci's continuous level for the downtrend (from 1.4035 to 1.3752).

The stability of these expectations requires the stability of the support level 1.4185.

Res: 1.4259 1.4300 1.4361
Pivot: 1.4198
Sup: 1.4157 1.4096 1.4055

GBP/USD

The pair succeeded at the end of the last week trades to break up the confusion area between the level 1.6175 and the level 1.5985 as it was expected, speculating more rise during today's intraday trades targeting the resistance level 1.6270 as the first targets of breaking out the short-term sideway move, if the pair succeeded to break this level with stability above it will target to reach the resistance level 1.6355.

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

Res: 1.6351 1.6400 1.6474
Pivot: 1.6277
Sup: 1.6228 1.6154 1.6105

USD/CHF

Yesterday trades were in narrow range, this reflects collecting the momentum that the pair will use it to form the upcoming direction whereas, during the last trades, the pair was trying to break the short-term bullish trendline but faced the support level 0.9010 so that, if the pair tended to continue declining, it should break the level 0.9010 then it will continue declining till reaches the level 0.8915 that its breaking represents an important case in order to register new records. And if the pair succeeded to break up the resistance level 0.9090 it means the beginning of a bullish corrective move targeting initially to reach the level 0.9201.

Res: 0.9077 0.9107 0.9140
Pivot: 0.9044
Sup: 0.9014 0.8981 0.8951

USD/CAD

As noticed in the chart that trading the pair during the previous short-term trades were inside the bearish channel therefore the expected for the intraday pair trades that it will test the resistance level 0.9787 which represents the top border for the channel then it will continue declining till reaches the support level 0.9726 which represents the lower border for the channel.
But the pair’s ability on breaking the resistance level 0.9787 which represents the top border for the channel and the stability above it, will lead the pair to target the resistance level 0.9846.

Res: 0.9839 0.9898 0.9944
Pivot: 0.9793
Sup: 0.9734 0.9688 0.9629

AUD/USD

The pair continued rising during yesterday trades till it reached the level 1.0050 which represents 76.4% Fibonacci retracement correction level for the bearish direction ( from 1.0157 to 0.9715 ) also represents the targeted price to get out of the bearish channel as what was expected in the previous report, during the last intraday trades the pair was trying to break the resistance level 1.0050 and also on it's way to test the bearish trendline for the medium and the long-terms, if the pair succeed on breaking the trendline this means continuing rising till the resistance level 1.0157, breaking the bearish trendline with breaking the resistance level 1.0157 means continuing forming the bullish directions in order to reach the level 1.0279.

Res: 1.0103 1.0144 1.0220
Pivot: 1.0027
Sup: 0.9986 0.9910 0.9869

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GIGFX · #29 23-03-2011, 09:41

EUR/USD

Although the pair registered the highest price at 1.4248 during yesterday trades, but failed to be stable above the level 1.4240 which represents the highest price of the trades during the day before yesterday, this was an important sign of beginning a corrective bearish direction for the short-term, breaking the bottom boarder of the bullish channel in which the pair was moving for the short-term also confirms the beginning of this corrective bearish direction so that, it is expected that the pair will continue declining during the upcoming trades targeting to reach the level 1.4131 which represents 23.6% Fibonacci's correction level for the uptrend (from 1.3752 to 1.4248), this breaking performs as another confirmation to continue the corrective bearish direction which will target to reach the support level 1.4035.

The stability of the expectations requires the stability of the resistance level 1.4240.

Res: 1.4238 1.4277 1.4307
Pivot: 1.4208
Sup: 1.4169 1.4139 1.4100

GBP/USD

The pair succeeded at the end of last week trades to break up the confusion area between the level 1.6175 and the level 1.5985 as it was expected, speculating more rise during today's intraday trades targeting the resistance level 1.6270 as the first targets of breaking out the short-term sideway move, if the pair succeeded to break this level with stability above, it will target to reach the resistance level 1.6355.

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

Res: 1.6417 1.6462 1.6525
Pivot: 1.6354
Sup: 1.6309 1.6246 1.6201

USD/CHF

Yesterday trades were in narrow range, this reflects collecting the momentum that the pair will use it to form the upcoming direction whereas, during the last trades, the pair was trying to break the short-term bullish trendline but faced the support level 0.9010 so that, if the pair tended to continue declining, it should break the level 0.9010 then it will continue declining till reaches the level 0.8915 that its breaking represents an important case in order to register new records. And if the pair succeeded to break up the resistance level 0.9090 it means the beginning of a bullish corrective move targeting initially to reach the level 0.9201.

Res: 0.9056 0.9079 0.9101
Pivot: 0.9034
Sup: 0.9011 0.8989 0.8966

USD/CAD

As noticed in the chart, during yesterday trades for the short-term the pair has broken the bearish channel correcting the direction but the pair reached it's first target at the resistance level 0.9829 which represents 38.20% Fibonacci retracement correction level for the last bearish wave but the pair couldn’t hold above it although testing it for this level therefore from the expected that the pair will continue the bullish direction till reaches the resistance level 0.9880 which represents 61.8% previous Fibonacci retracement correction level.
In condition, the pair has to break the resistance level 0.9829 which represents 38.20% Fibonacci retracement correction level.

Res: 0.9829 0.9855 0.9898
Pivot: 0.9786
Sup: 0.976 0.9717 0.9691

AUD/USD

As expected in yesterday report, the pair continued rising till reached the bearish trendline for the medium and the long-terms, whereas the pair formed a top that coincided at it the trendline with the level 1.0127 which represents the highest trading price for yesterday trades, this top pushed the pair down to test the support level 1.0050, if a new bottom is formed at this level; it will represent a short-term bottom and will force the pair to rise again trying to break the bearish trendline which with its breaking and with breaking up the level 1.0127 ; the pair will continue rising till the level 1.0157 then the level 1.0200, but if the pair break the support level 1.0050 means a further drop till the next support level at 0.9984.

Res: 1.0145 1.0182 1.0237
Pivot: 1.0090
Sup: 1.0053 0.9998 0.9961

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GIGFX · #30 24-03-2011, 09:28

EUR/USD

As it was expected through yesterday report, the pair continued a short-term corrective bearish direction whereas, it was able to break the support level 1.4131 which represents 23.6% Fibonacci's correction level for the bullish wave (from 1.3752 to 1.4248) to continue declining achieving the lowest price during yesterday trades at 1.4077. It is expected that the pair will continue its corrective bearish direction till reaching the support level 1.4035 at which the price is supposed to coincide with the medium-term bullish trendline. This scenario will be confirmed after breaking the level 1.4077.

The stability of these expectations requires the stability of the resistance level 1.4131.

Res: 1.4180 1.4265 1.4317
Pivot: 1.4128
Sup: 1.4043 1.3991 1.3906

GBP/USD

The pair continued declining for the second straight day as the pair broke the level 1.6235 which represents 38.2% Fibonacci's correction level for the last short-term bullish wave at the beginning of today's session, now the pair is trying to reach the support level 1.6185 which represents 50.0% of the same mentioned level expecting more decline targeting the support level 1.6135 which represents 61.8% of the same mentioned level during today's intraday trades.

The stability of these expectations requires the stability of the resistance level 1.6235.

Res: 1.6343 1.6445 1.6507
Pivot: 1.6281
Sup: 1.6179 1.6117 1.6015

USD/CHF

Yesterday trades saw forming a bottom at the support level 0.8978 where this level succeeded to stop the bearish wave then the pair used this formed bottom to rise again till reached the resistance level 0.9088 which represents 38.2% Fibonacci's correction level for the bearish wave (from 0.9368 to 0.8915), the pair continued rise breaking this level expecting more rising till reaches the resistance level 0.9195 which represents 61.8% Fibonacci's correction level for the same bearish wave and in order to reach this level, the pair should break the resistance level 0.9142 with stability above.

The stability of these expectations requires the stability of the support level 0.9088.

Res: 0.9118 0.9158 0.9228
Pivot: 0.9048
Sup: 0.9008 0.8938 0.8898

USD/CAD

As noticed in the chart, the pair has formed a bullish channel during the previous trades for the short-term, the pair is standing now against the support level 0.9800 which represents the lower border for the bullish channel therefore it's expected after testing this border that the intraday pair trades will take the bullish direction till targeting the resistance level 0.9862.
In condition, the stability of the pair above the support level 0.9800 which represents the lower border for the bullish channel. But if the pair breaks the support level 0.9800 which represents the lower border for the channel, so the pair will decline targeting the support level 0.9735.

Res: 0.9838 0.9866 0.989
Pivot: 0.9814
Sup: 0.9786 0.9762 0.9734

AUD/USD

The pair used the formed bottom which is near to the support level 1.0050 to rise again breaking the bearish trendline for the medium and the short-terms and also breaking the resistance level 1.0127, expecting for the pair to continue rising during the next trades to reach the resistance level 1.0157 but to reach this level; the resistance level 1.0157 must be broken by a good close above it.

This expectation depends on the stability of the support level 1.0110.

Res: 1.0169 1.0208 1.0261
Pivot: 1.0116
Sup: 1.0077 1.0024 0.9985

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GIGFX · #31 25-03-2011, 09:35

EUR/USD

The pair continued the corrective bearish direction for the short-term that was mentioned in the previous report till reached the level 1.4059 which represents 38.2% Fibonacci's correction level for the bullish move (from 1.3752 to 1.4248) registering the highest price during yesterday trades at the level 1.4053 which coincides with the medium-term bullish trendline, a bottom has been formed at this area and the pair used it to rise again to re-test the nearest resistance levels till reached the resistance level 1.4215. It is expected that the pair will continue rising in order to continue the major bullish direction for the medium and the long-term, and also expected with breaking the resistance levels 1.4215 and 1.4248, the pair will continue rising till reaches the level 1.4289 which represents 127% Fibonacci's continuous level for the bearish wave (from 1.4248 to 1.4053).

The stability of these expectations requires the stability of the support level 1.4145.

Res: 1.4243 1.4314 1.4409
Pivot: 1.4148
Sup: 1.4077 1.3982 1.3911

GBP/USD

As was expected yesterday, the pair declined till reached the support level 1.6135 which represents 61.8% Fibonacci retracement level for the last bullish wave on the short term trying to reach the most important support level during this declining wave at the level 1.6070 which represents 76.4% Fibonacci retracement level which also coincides with the lower boarder of the bullish pitchfork for the last bearish corrective wave on the long term. This is level will determine the direction of the pair in the next trades where the most problae to hold this level and the pair will try to rise targeting the resistance level 1.6235 during today’s intraday trades.

This expectation depends on the stability of the support level 1.6070

Res: 1.6227 1.6334 1.6402
Pivot: 1.6159
Sup: 1.6052 1.5984 1.5877

USD/CHF

Through this chart it is noticed that, the pair is in the forming stage of AB=CD harmonic pattern where the resistance level 0.9125 represents the point B and if the pair succeeded to break this level during the upcoming trades, it will continue forming the bullish rib CD which targets to reach the resistance area between the resistance levels 0.9170 and 0.9195 which represents 61.8% Fibonacci’s correction level for the bearish move (from 0.9368 to 0.8915), this area represents the point D that completes the harmonic pattern.

The stability of these expectations requires the stability of the support level 0.9027.

Res: 0.9129 0.9175 0.9225
Pivot: 0.9079
Sup: 0.9033 0.8983 0.8937

USD/CAD

As noticed in the chart, the pair is moving inside the pitchfork channel for the last bullish wave for the short-term therefore the pair’s ability on breaking the support level 0.9744 by a good close below it will lead the pair to target the support level 0.9699.
But in case the pair tried to test the resistance level 0.9779 with a good close above it, so the pair will target the resistance level 0.9839.

Res: 0.9792 0.9854 0.9885
Pivot: 0.9761
Sup: 0.9699 0.9668 0.9606

AUD/USD

The Australian dollar is continuing rising against the American dollar, whereas the pair was able to break the resistance level 1.0200 which was the expected targeted level during the previous reports, breaking the level 1.0200 is a strong signal on continuing the bullish direction for the long-term, whereas the pair is on it's way to test the level 1.0255 during the intraday trades which is the highest historical level for the pair, if the pair is able to break this level so, the pair will continue rising till reaching the level 1.0334 which represents 127% Fibonacci retracement continuous level for the bearish direction ( from 1.0200 to 0.9705 ).

This expectation depends on the stability of the support level 1.0200.

Res: 1.0252 1.0297 1.0368
Pivot: 1.0181
Sup: 1.0136 1.0065 1.0020

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GIGFX · #32 28-03-2011, 08:58

EUR/USD

On the contrary of what was expected, the trades of the end of the last week was unable to break the resistance level 1.4215 to form a new top that pushed the pair down again, this decline pushed the pair to break the bullish trendline for the medium-term at the level 1.4059 which represents 38.2% of Fibonacci's correction level for the bullish wave (from 1.3752 to 4248). At the beginning of this week trades, the pair registered a bearish gap which was the reason to break the formed bottom at the level 1.4059 to support continuing its corrective bearish direction, its continuity will be confirmed after breaking the support level 1.4035 during the upcoming trades then the pair will target to reach the level 1.3941 which represents 61.8% of Fibonacci's correction level for the same bullish wave that was mentioned before.

Res: 1.4170 1.4251 1.4309
Pivot: 1.4112
Sup: 1.4031 1.3973 1.3892

GBP/USD

The pair declined at the end of the last week trades and the beginning of this week trades reaching the support level 1.5970 which was a start point of a bullish wave expecting more decline during today's intraday trades targeting the support level 1.5855 but under the condition of holding steady below support level 1.5970 that the pair is moving around till now.

The stability of these expectations requires the stability of the resistance level 1.6070.

Res: 1.6118 1.6195 1.6251
Pivot: 1.6062
Sup: 1.5985 1.5929 1.5852

USD/CHF

The harmonic pattern AB=CD has been completed by reaching the pair to the point D between the level 0.9170 and the resistance level 0.9195 which represents 61.8% of Fibonacci's correction level for the bearish wave (from 0.9368 to 0.8915). At the beginning of this week trades, the pair pushed breaking the resistance level 0.9195 to confirm its tendency of continuing rising, targeting to reach the level 0.9261 which represents 76.4% of Fibonacci's correction level for the same mentioned bearish wave.

The stability of these expectations requires the stability of the support level 0.9170.

Res: 0.9249 0.9301 0.9388
Pivot: 0.9162
Sup: 0.9110 0.9023 0.8971

USD/CAD

As noticed in the chart, during the previous medium-term trades the pair formed a double consecutive bottoms at the support level 0.9744 therefore it's expected during the intraday trades that the pair will test the resistance level 0.9825 which represents the midline for the formed pattern. if the pair was able to break it with stability above it, then the pair will target the resistance level 0.9865 and the stability above this level, will give the pair a chance to continue rising till the resistance level 0.9905.

Res: 0.9837 0.9874 0.9923
Pivot: 0.9788
Sup: 0.9751 0.9702 0.9665

AUD/USD

The end of last week Australian dollar trades registered a new record against the American dollar by reaching the level 1.0292 whereas the pair is continuing forming the bullish direction which is embodied through the movement inside the bullish channel, whereas it is expected during the next trades that with breaking the level 1.0292, the pair will continue rising till the level 1.0334 which represents 127% Fibonacci retracement correction level for the bearish direction ( from 1.0200 to 0.9705 ).

This expectation depends on the stability of the support level 1.0200.

Res: 1.0305 1.0352 1.0412
Pivot: 1.0245
Sup: 1.0198 1.0138 1.0091

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GIGFX · #33 29-03-2011, 08:52

EUR/USD

Yesterday trades were in a narrow range and reflect collecting the momentum that will determine the upcoming direction, it is noticed that, the pair was unable to break the support level 1.4035 forming a short-term bearish bottom that the pair used it to push rising to re-test the nearest resistance levels and also targeting to re-test the bullish trendline which was broken down before so that, it is expected that, the pair will form a short-term bearish top at which the price is expected to coincide with the meeting point of the broken down bullish trendline with the short-term bearish trendline with the confused area between the resistance levels 1.4143 and 1.4173 which represent 61.8% and 76.4% fibonacci's correction levels for the bearish wave (from 1.4219 to 1.4020).
After forming the expected bearish top it is expected that, the pair will return declining to re-test the support level 1.4035.

The stability of these expectations requires the stability of the resistance level 1.4173.

Res: 1.4127 1.4168 1.4222
Pivot: 1.4073
Sup: 1.4032 1.3978 1.3937

GBP/USD

The pair declined at the end of the last week trades and the beginning of this week trades reaching the support level 1.5970 which was a start point of a bullish wave expecting more decline during today's intraday trades targeting the support level 1.5855 but under the condition of holding steady below support level 1.5970 that the pair is moving around till now with the probability of rising the pair to re-test the resistance level 1.6070 again.

The stability of these expectations requires the stability of the resistance level 1.6070.

Res: 1.6039 1.6087 1.6139
Pivot: 1.5987
Sup: 1.5939 1.5887 1.5839

USD/CHF

The pair failed to break the resistance level 0.9228 forming a top that forced it to decline again whereas, the pair now is trading around the support level 0.9142 which represents 0.9142 which represents 50.0% Fibonacci's correction level for the bearish wave (From 0.9368 to 0.8915) that was broken before. If the pair formed a bottom at this level, it will coincide with the bullish trendline for the short-term then the pair will rise to try to break the level 0.9228 which with its breaking up means more rise till reach the level 0.9261 then the level 0.9368, but if the pair broke the support level 0.9142 it will decline again till reach the support level 0.9022.

Res: 0.9217 0.9267 0.9300
Pivot: 0.9184
Sup: 0.9134 0.9101 0.9051

USD/CAD

As noticed in the chart that the pair is not still moving with a sideway direction for the short-term trades and the intraday levels inside the sideway channel between the resistance level 0.9827 which represents the top border for the channel and the support level 0.9748 which represents the lower border for the channel expecting for it to try reaching the resistance level 0.9827 which represents the top border for the channel to test it, by breaking the pair this level and the stability above it, therefore the pair will target the resistance level 0.9864 then the level 0.9905.

This scenario depends on the stability of the pair above the support level 0.9748.

Res: 0.9820 0.9863 0.9904
Pivot: 0.9779
Sup: 0.9736 0.9695 0.9652

AUD/USD

During yesterday trades the Australian dollar registered a new record against the American dollar by reaching the level 1.0312 whereas a new top has been formed at this level which pushed the pair down retesting the nearest support levels, as noticed in the chart that there's a complement positive divergence for the bullish direction, therefore it's expected during the next trades that the pair will rise again to retest the level 1.0312 which with breaking it up the pair will continue rising till the level 1.0334 which represents 127% Fibonacci retracement continuous level for the bearish direction ( from 1.0200 to 0.9705 ).

This expectation depends on the stability of the support level 1.0200.

Res: 1.0292 1.0342 1.0372
Pivot: 1.0262
Sup: 1.0212 1.0182 1.0132

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GIGFX · #34 30-03-2011, 08:40

EUR/USD

As it was expected through yesterday report, the pair formed a bearish top between the resistance levels 1.4143 and 1.4173 which represent 61.8% and 76.4% of Fibonacci's correction level for the bearish wave (from 1.4219 to 1.4020), this top coincided with the meeting point of the broken down bullish trendline with the short-term bearish trendline, this top pushed the pair down to decline again till formed a bottom around the support level 1.4035. The rose again to test the nearest resistance level, these bullish and bearish moves require breaking the support level 1.4035 or breaking the resistance level 1.4143 to form a clear move. If the pair broke the resistance level 1.4143 with breaking the bearish trendline for the short-term, it will rise targeting the resistance level 1.4248, and if the pair broke the support level 1.4035, it will decline targeting the level 1.3941 which represents 61.8% of Fibonacci's correction level for the bullish move (from 1.3752 to 1.4248).

Res: 1.4159 1.4205 1.4261
Pivot: 1.4103
Sup: 1.4057 1.4001 1.3955

GBP/USD

The pair declined at the end of the last week trades and the beginning of this week trades reaching the support level 1.5970 which was a start point of a bullish wave expecting more decline during today's intraday trades targeting the support level 1.5855 but under the condition of holding steady below support level 1.5970 that the pair is moving around till now with the probability of rising the pair to re-test the resistance level 1.6070 again.

The stability of these expectations requires the stability of the resistance level 1.6070.

Yesterday analysis remains

Res: 1.6053 1.6096 1.6151
Pivot: 1.5998
Sup: 1.5955 1.5900 1.5857

USD/CHF

As it was expected through yesterday report, the pair formed a bullish bottom at the support level 0.9142 which represents 50.0% of Fibonacci's correction level for the bearish move (from 0.9368 to 0.8915) using the coinciding with the bullish trend line for the short-term, the pair used this bottom to rise again till reached the resistance level 0.9228 that the last intraday trades were around trying to confirm breaking this level in order to continue rise targeting to reach the level 0.9261 followed by the resistance level 0.9368.

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

Res: 0.9237 0.9273 0.9322
Pivot: 0.9188
Sup: 0.9152 0.9103 0.9067

USD/CAD

During the previous trades for the medium-term the pair was moving by a sideway direction inside the sideway channel but at the beginning of the Asian trades for today the pair broke this channel down and breaking the support level 0.9741 which represents the lower border for the channel therefore it's expected that the declining scenario will be continued till targeting the pair the support level 0.9696 and the stability of the pair below this level which advantages the pair to continue declining till reaching the support level 0.9655.

This scenario depends on the stability of the pair below the resistance level 0.9741.

Res: 0.9770 0.9800 0.9816
Pivot: 0.9754
Sup: 0.9724 0.9708 0.9678

AUD/USD

The Asian trades registered a new record by reaching the pair the level 1.0334 and this level was mentioned before in the last previous reports whereas this level represents 127% Fibonacci retracement continuous level for the bearish direction ( from 1.0200 to 0.9705 ), this bullish move was mentioned in yesterday report and also the appearance of a positive divergence completing the bullish direction, therefore the pair formed a new bullish bottom nearest the support level 1.0200 which pushed the pair up till it reached to achieve a new record, it's expected during the next trades that breaking the resistance level 1.0334 the pair will continue rising reaching the level 1.0380 then the level 1.0422 which represents 161.8% and 200% Fibonacci retracement continuous level for the bearish direction ( from 1.0312 to 1.0202 ).

This expectation depends on the stability of the support level 1.0260.

Res: 1.0322 1.0355 1.0415
Pivot: 1.0262
Sup: 1.0229 1.0169 1.0136

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GIGFX · #35 31-03-2011, 08:47

EUR/USD

The pair succeeded to break up the short-term bearish trendline giving a strong sign that the pair is tending to form bullish direction for the medium and the long-term. During the current intraday trades the pair is trying to break the resistance level 1.4143 which represents 61.8% of Fibonacci's correction level for the bearish wave (from 1.4219 to 1.4020) and it is in its way to test the resistance level 1.4173 which represents 76.4% of Fibonacci's correction level for the same bearish wave. If the pair succeeded to break this level with stability above, it will continue rise targeting to reach the level 1.4248 and this is the most likely scenario to happen during the upcoming trades.

The stability of these expectations requires the stability of the support level 1.4110.

Res: 1.4159 1.4205 1.4261
Pivot: 1.4103
Sup: 1.4057 1.4001 1.3955

GBP/USD

The bearish direction is dominating the short-term trades of the pair reaching the support level 1.5950 and it is noticed that the pair tested this level two consecutive times forming a double bottom reversal pattern and by drawing Fibonacci's correction levels for the short-term bearish wave, it is noticed that the bottom boarder of this pattern is at the level 1.6045 which represents 23.6% of Fibonacci's correction level and the targets of the pattern are corresponded with these Fibonacci's percentages as the first target is at the resistance level 1.6110 which represents 38.2% of Fibonacci's correction level which the pair is now moving around, and the last target is at the resistance level 1.6165 which represents 50.0% of Fibonacci's correction level so, it is expected that, the pair may rise targeting the resistance level 1.6165 but under the condition of breaking the resistance level 1.6110 with stability above.

The stability of these expectations requires the stability of the support level 1.6045.

Res: 1.6109 1.6147 1.6213
Pivot: 1.6043
Sup: 1.6005 1.5939 1.5901

USD/CHF

The pair continued rising till reached the level 0.9261 which represents 76.4% Fibonacci correction level for the bearish wave (from 0.9368 to 0.8915) forming a top and used it to push declining, a bearish move for the stochastic index appeared while the price action had the bullish move, this means the existence of negative divergence that shifts the bullish direction for the short-term and so a decline move from the formed top has been noticed in order to break the bullish trendline for the short-term, and this confirms the tendency of the pair to continue declining for the short and the medium and the long-term but under the condition of breaking the support level 0.9142 then, the pair will continue declining targeting initially to reach the support level 0.9022.

The stability of these expectations requires the stability of the resistance level 0.9200.

Res: 0.9246 0.9308 0.9344
Pivot: 0.9210
Sup: 0.9148 0.9112 0.9050

USD/CAD

As noticed in the chart, the pair formed a bearish channel with a narrow range for the short-term trades therefore it's expected during the short-term trades that the pair will continue the bearish scenario till it targets the support level 0.9670 which represents the lower border for the channel but if the pair is able to break the resistance level 0.9715 which represents the top border for the channel with a stability above, then the pair will get out of this channel and it will target the resistance level 0.9756.

Res: 0.9744 0.9781 0.9811
Pivot: 0.9714
Sup: 0.9677 0.9647 0.9610

AUD/USD

The Asian market trades saw registering a new record by reaching the level 1.0345, whereas the pair’s direction is still bullish which is embodied through the movement inside the bullish channel, it's expected that during the next trades with confirming breaking the level 1.0345 up, the pair will continue rising till reaching the level 1.0380 then the level 1.0422 which represents 161.8% and 200% Fibonacci retracement correction level for the bearish direction (from 1.0312 to 1.0202).

This expectation depends on the stability of the support level 1.0290.

Res: 1.0350 1.0375 1.0415
Pivot: 1.0310
Sup: 1.0285 1.0245 1.0220

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GIGFX · #36 01-04-2011, 12:36

EUR/USD
As was expected; the EUR\USD pair continued the bullish move passing the resistance levels 1.4143 and 1.4173 to register the highest price at 1.4233 near of the resistance level 1.4248, to form a top that pushed the pair down in order to form a bottom that the pair could use to rise during the upcoming short-term trades, the pair tried to form that bottom near of the support level 1.4134 during the Asian trades.
If the pair succeeded to form that bottom, it will rise again in order to pass the resistance level 1.4233 and 1.4248, which if the pair succeeded to pass these levels, the pair will rise targeting 1.4310 level that represents 127% continuous level for the bearish move from (1.4248 to 1.4020).
This analyze requires the stability of the support level 1.4143.

Res: 1.3964 1.4020 1.4126
Pivot: 1.3858
Sup: 1.3802 1.3696 1.3640

GBP/ USD
Yesterday the pair failed to continue rising after breaking the resistance level 1.6110 which represents 38.2% of Fibonacci's correction level for the last short-term bearish wave and was unable to hold steady above and reflected back reaching the support level 1.6145 which represents 23.6% of Fibonacci's correction level for the same bearish wave also that is still stable against the pair testing till the moment expecting more rise during today's intraday trades targeting to re-test the resistance level 1.6110.
The existence of a negative divergence that was formed on the stochastic index, led to the probability of the pair rising.
With reaching the resistance level 1.6110 which is expected to be stable against the pair testing and then the pair will reflect declining, targeting the support level 1.6045 again followed by 1.5985.
But if the pair succeeded to break the resistance level 1.6110, the pair will target then the level 1.6220 which represents 61.8% of the same mentioned Fibonacci's levels.

Res: 1.6111 1.6196 1.6243
Pivot: 1.6064
Sup: 1.5979 1.5932 1.5847

USD/CHF
The pair was unable to break the support level 0.9136 which represents 38.2% Fibonacci correction level for the bullish direction (from 0.8915 to 0.9273), a bottom was formed that pushed the pair up again searching to form a bearish top where it is found a negative divergence that supports the bearish direction.
The other supporting thing for this bearish view is that the awaited forming bearish top may represent the right shoulder for the reversal pattern (head & shoulders) that started from the support level 0.8915, if this top was formed by holding the resistance level 0.9238, then the pair will resume the bearish move trying to break the support level 0.9136 which represents the neckline for the reversal pattern head and shoulders, then the pair will push down for the pattern’s target at the level 0.8999 which also represents 76.45% Fibonacci correction level for the mentioned wave.
The stability of these expectations requires the stability of the resistance level 0.9238.

Res: 0.9216 0 0.9242 0.9287
Pivot: 0.9171
Sup: 0.9145 0.9100 0.9074

USD/CAD
The bearish direction is still dominating the price action for the short and the medium-terms as the pair formed a butterfly harmonic pattern and now the pair is moving in the range of the last wave CD which targets the support level 0.9590 in order to finish the formation of the pattern expecting to continue declining -with the probability of re-testing the resistance level 0.9730 which represents the point B for the pattern- targeting the support level 0.9590 and breaking the support level 0.9670 with stability below is needed to confirm this scenario.
The stability of these expectations requires the stability of the resistance level 0.9730.

Res: 0.9726 0.9749 0.9771
Pivot: 0.9704
Sup: 0.9681 0.9659 0.9636

AUD/USD
The AUD\USD pair registered a new record at 1.0371 during yesterday trades, approaching 1.0380 level that represents 161.8% continuous level for the bearish move (from 1.0312 to 1.0202) that was expected through yesterday report, a top has been formed at this level to push the pair down to retest the bullish channel bottom line, which the pair remain moving inside it range, if the pair was able to form a new bottom with the stability of the channel bottom line, the pair will rise trying to break 1.0380 level which if the pair succeeded to pass it, the pair will continue rising targeting the level 1.0422, but in case the pair broke the channel bottom line with breaking the support level 1.0290, the pair will continue falling targeting the support level 1.0200.

Res: 1.0362 1.0398 1.0425
Pivot: 1.0335
Sup1.0299 1.0272 1.0236

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GIGFX · #37 04-04-2011, 09:12

EUR/USD

The trades of the end of the last week saw the pair’s declining targeting to re-test the broken up bearish trendline where a bottom has been formed and coincided with the trendline and pushed the pair to rise again achieving a close around the resistance level 1.4248, at the beginning of this week trades it is expected that the pair will rise targeting the resistance level 1.4310 followed by the resistance level 1.4389 which represent 127% and 161.8% of Fibonacci's continuous levels for the bearish wave (From 1.4248 to 1.4020) and in order to reach these levels, the pair should break the resistance level 1.4248 with stability above.

The stability of these expectations requires the stability of the support level 1.4160.

Res: 1.4292 1.4360 1.4475
Pivot: 1.4177
Sup: 1.4109 1.3994 1.3926

GBP/ USD

As it was expected at the end of the last week trades, the pair succeeded to reach the support level 1.5985 which became a suitable bottom to achieve more gains for the intraday levels and for the short-term, the pair reflected up forming a harmonic pattern AB=CD which is almost done by reaching the resistance level 1.6185 which represents the point D for the formed pattern expecting the probability of corrective declining to the pair for the intraday levels targeting the support level 1.6080 before continuing to rise again trying to form a new top for this bullish wave for the short-term and the intraday trades expecting that, this formed top may be at the resistance level 1.6225 which represents 61.8% of Fibonacci’s correction level for the last bearish wave for the medium-term.
It is important to notice that, the support level represents 61.8% of Fibonacci’s correction level for the last bearish wave BC and at the same time represents a middle line for a bullish channel in which the pair is moving expecting remaining the pair inside this channel during today's intraday trades.

The stability of these expectations requires the stability of the support level 1.6080.

Res: 1.6171 1.6231 1.6331
Pivot: 1.6071
Sup: 1.6011 1.5911 1.5851

USD/CHF

It is noticed that the pair is forming a bullish direction for the short and the medium-term, this direction has been formed through moving inside a bullish channel for the short and the medium-term, the pair formed a bearish top coincided with the top border of the bullish channel that will push the pair to re-test the nearest support levels, expecting more decline for the pair targeting the bottom border of the bullish channel at which the price coincides with the level 0.9177 that represents 38.2% of Fibonacci's correction level for the bullish wave (From 0.8915 to 0.9339).

The stability of these expectations requires the stability of the resistance level 0.9290.

Res: 0.9330 0.9414 0.9489
Pivot: 0.9255
Sup: 0.9171 0.9096 0.9012

USD/CAD

As expected at the end of last week trades the pair declined trying to complete the (butterfly) harmonic pattern by reaching the price to the support level 0.9590 which represents the D point for the end of the pattern the pair was able to break the important support level 0.9670 which represents the X point for the pattern at the end of last week trades expecting for it a further drop during the intraday trades targeting the previous mentioned support level 0.9590.
Notable, that the formed pattern is a positive harmonic pattern which refers to the probability of reflecting the price up with a corrective reflection by a strong probability therefore with reaching the price to the end of the pattern it is recommended to observe the pair the price on appearance any reflecting sign for the price which means that there's a probability on reflecting the price up retesting the resistance level 0.9670 as it's first targeted price for this correction.

Success of this scenario up depends on the stability of the resistance level 0.9670.

Res: 0.9689 0.9737 0.9770
Pivot: 0.9656
Sup: 0.9608 0.9575 0.9527

AUD/USD

The Australian dollar is continuing the strong rising against the American dollar whereas during the end of last week trades, the pair registered a new record by reaching the level 1.0394, with opening this week trades the pair is continuing achieving a new records reaching the level 1.0416 nearest to 200% Fibonacci retracement continuous level for the direction ( from 1.0312 to 1.0202 ), this strong bullish move for the pair is still embodied through the movement inside the bullish channel therefore a further rise is expected with breaking the resistance level 1.0422 , the pair will target reaching the level 1.0506 which represents 161.8% Fibonacci retracement continuous level for the bearish direction ( from 1.0200 to 0.9705 ) which is expected to coincide at it the price with the top border for the bullish channel.

This expectation depends on the stability of the support level 1.0334.

Res: 1.0416 1.0446 1.0498
Pivot: 1.0364
Sup: 1.0334 1.0282 1.0252

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GIGFX · #38 05-04-2011, 08:19

EUR/USD

Yesterday trades were in a narrow range, this reflects collecting of the needed momentum that the pair will use to determine the upcoming direction, the pair is unable to break the resistance level 1.4248 till now and if the pair broke this level with stability above during the upcoming trades, it will continue rising for short and medium-term targeting to reach the resistance level 1.4310 followed by the resistance level 1.4389 which represent 127% and 161.8% of Fibonacci's continuous levels for the bearish wave (from 1.4248 to 1.4020). If the pair broke the support level 1.4165, it will push declining to form a corrective bearish direction targeting to reach the support level 1.4050.

Res: 1.4261 1.4302 1.4337
Pivot: 1.4226
Sup: 1.4185 1.4150 1.4109

GBP/ USD

As it was expected through yesterday report, the pair reflected downwards after the pair completed forming the harmonic pattern AB=CD reaching the support level 1.6110 which represents 38.2% of Fibonacci's correction level for the last bearish wave for the medium-term expecting to take the needed push from the area between the support level 1.6110 and the level 1.6080 to form a bottom then it will rise upwards again targeting the resistance level 1.6225 but under the condition of breaking the resistance level 1.6185.

The stability of these expectations requires the stability of the support level 1.6080.

Res: 1.6170 1.6209 1.6243
Pivot: 1.6136
Sup: 1.6097 1.6063 1.6024

USD/CHF

As it was expected through yesterday report, the pair continued declining achieving the lowest price at the level 0.9190 around the support level 0.9177 which represents 38.2% of Fibonacci's correction level for the bullish wave (from 0.8915 to 0.9339) that is expected to be reached. The pair formed a bottom at the level 0.9190 and the pair used it to rise re-testing the nearest resistance level, the pair was unable to break the resistance level 0.9255 during the Asian market trades with a strong sign to continue declining during the upcoming trades to re-test the level 0.9190 at which the price is expected to coincide with the bottom border of the bullish channel in which the pair is still moving. Breaking the coinciding area means returning the pair to continue declining for the long-term targeting to reach the support level 0.9077.

The stability of these expectations requires the stability of the resistance level 0.9255.

Res: 0.9264 0.9299 0.9336
Pivot: 0.9227
Sup: 0.9192 0.9155 0.9120

USD/CAD

As noticed in the chart, the pair tried to complete the AB=CD harmonic pattern but the CD rib did not complete at the support level 0.9591 whereas the pair is now at the resistance level 0.9681, if the pair is able to break this level with stability above it then the pair will continue rising till reaching the resistance level 0.9729 which represents the B point with it's stability above this level means that the there's a probability for the pair to reach the C point at the resistance level 0.9828.
But in case of the pair inability to break the resistance level 0.9681, this gives the chance for the pair to complete the CD rib and completing the pattern at the level 0.9591.

Res: 0.9697 0.9727 0.9769
Pivot: 0.9655
Sup: 0.9625 0.9583 0.9553

AUD/USD

The last intraday trades saw breaking the bottom border for the bullish channel for the medium and the short-terms with a strong sign on the pair’s ability of forming a corrective bearish direction, it's noticed that there's a complement positive divergence for the bullish direction from the stochastic index, therefore to confirm the pair’s ability on forming the corrective bearish direction, the support level 1.0295 must be broken with a good close below it.
The pair will continue declining till reaching the level 1.0200 initially, but if the pair breaks the resistance level 1.0370 the positive divergence will be confirmed then the pair will continue rising till reaching the level 1.0422 then the level 1.0506.

Res: 1.0405 1.0451 1.0486
Pivot: 1.0370
Sup: 1.0324 1.0289 1.0243

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GIGFX · #39 06-04-2011, 09:05

EUR/USD

During yesterday trades, the pair formed a bullish bottom using the support level 1.4165 that was mentioned through the last report, the pair pushed from the formed bottom till reached to re-test the resistance level 1.4248 and tried to be stable during the last intraday trades, through rising and declining, the pair formed a harmonic pattern AB=CD where the support level 1.4165 represents the point C and the resistance level 1.4248 represents the point B so that, with breaking the point B, the pair will continue forming the bullish rib CD which targets to reach the confined area between the level 1.4360 and the level 1.4389 which represents 161.8% of Fibonacci’s continuous level for the bearish wave (from 1.4248 to 1.4020) which represents the point D that completes the pattern.

The stability of these expectations requires the stability of the support level 1.4165.

Res: 1.4261 1.4300 1.4355
Pivot: 1.4206
Sup: 1.4167 1.4112 1.4073

GBP/ USD

As it was expected yesterday, the pair rose targeting the resistance level 1.6225 in a violent trades and buying momentum that led to breaking up this level reaching the resistance level 1.6350 that the pair is testing now, it is expected that the pair will continue rising during today's intraday trades targeting the resistance level 1.6399 at which the pair formed a top previously for the medium-term, this level is important because it will determine the upcoming direction during the short and the medium-term trades.

The stability of these expectations requires the stability of the support level 1.6290.

Res: 1.6364 1.6432 1.6569
Pivot: 1.6227
Sup: 1.6159 1.6022 1.5954

USD/CHF

The pair is still moving inside a short and medium-term bullish channel, yesterday trades were in a narrow range which reflects collecting of the momentum that will determine the next direction. It is noticed that the pair is trying to form a new top at the resistance level 0.9290 and it is the second consecutive top at the same level thus, the first condition of existing the double bottom reversal pattern is available. The last condition of existing this pattern is breaking the neck line at the support level 0.9210, so it is expected during the upcoming trades that, the pair will decline testing the support level 0.9210 at which the price will coincide with the bottom border of the bullish channel, and if the pair was unable to break down this area, this means declining the pair till reaches the level 0.9127 which represents 50.0% of Fibonacci's correction level and at the same time represents the target of the pattern.

The stability of these expectations requires the stability of the resistance level 0.9290.

Res: 0.9280 0.9308 0.9346
Pivot: 0.9242
Sup: 0.9214 0.9176 0.9148

USD/CAD

As noticed in the chart, the pair yesterday was not able to break the resistance level 0.9681 then it reflected again to complete the CD rib for the AB=CD harmonic pattern, completing the pattern at the support level 0.9591 but the support level 0.9617 must be broken to complete the CD rib by reaching the D point, therefore it's expected in that case; the pair will retest the resistance level 0.9681 and the stability above it, will give the pair a chance to target the resistance level 0.9729 which represents the B point.

This expectation depends on the stability of the pair above the resistance level 0.9591 which represents the D point.

Res: 0.9661 0.9687 0.9705
Pivot: 0.9643
Sup: 0.9617 0.9599 0.9573

AUD/USD

As expected in yesterday report, the pair formed a bottom at the level 1.0295 supported by the complement positive divergence bullish direction, whereas the pair is on it's way to retest the bottom border for the previous broken down bullish channel, if the pair is able to break this bottom border with breaking the resistance level 1.0422, the pair will continue rising till reaching the resistance level 1.0506.

This expectation depends on the stability of the support level 1.0295.

Res: 1.0370 1.0413 1.0455
Pivot: 1.0328
Sup: 1.0285 1.0243 1.0200

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GIGFX · #40 07-04-2011, 09:25

EUR/USD

Yesterday trades saw the confirmation of breaking the resistance level 1.4248which represents the point B of the harmonic pattern AB=CD, the European currency continued rising against the American dollar and succeeded to break the resistance level 1.4310 to end yesterday trades achieving the highest price at the level 1.4350 around the point D. the pair formed a top and used it to decline during the Asian market period trying to form a new bullish bottom that is expected to be around the support level 1.4275, the pair will use this bottom to rise targeting to reach the resistance level 1.4389.

The stability of these expectations requires the stability of the support level 1.4248.

Res: 1.4384 1.4437 1.4525
Pivot: 1.4296
Sup: 1.4243 1.4155 1.4102

GBP/ USD

Yesterday, the pair continued rising till reached the level 1.6330 that has been tested two consecutive times and still resisting the rise of the pair and this led the pair to form a double tops pattern that shifts the bullish direction to bearish direction, but in order to confirm this pattern forming, the pair should break the support level 1.6260 which represents the base of the pattern to target then the support level 1.6200 which represents 38.2% of Fibonacci's correction level for the last bullish wave for the near-term.

The stability of these expectations requires the stability of the resistance level 1.6330.

Res: 1.6376 1.6422 1.6482
Pivot: 1.6316
Sup: 1.6270 1.6210 1.6164

USD/CHF

As it was expected through yesterday report, the pair formed the second top for the double tops harmonic pattern at the resistance level 0.9290 and it was pushed declining breaking the neck line of the pattern at the support level 0.9210 and also broke the bottom border of the bullish channel in which the pair was moving for the near and the medium-term. The pair continued declining till reached the level 0.9127 which represents 50.0% of Fibonacci's correction level for the bullish move (from 0.8915 to 0.9339) and also represents the target of the pattern. After the pair exited out of the range of the bullish channel, the pair may target to reach the level 0.9015 which represents 76.4% of Fibonacci's correction level but under the condition of breaking the support levels 0.9127 and 0.9077.

The stability of these expectations requires the stability of the resistance level 0.9210.

Res: 0.9276 0.9363 0.9436
Pivot: 0.9203
Sup: 0.9116 0.9043 0.8956

USD/CAD

Yesterday the pair has completed the CD rib from the AB=CD harmonic pattern till it reached the support level 0.9588 and it gives a rising doji sign therefore the pair during the intraday trades will make a corrective rise which began since completing the previous mentioned CD rib the pair first targets is the resistance level 0.9681 and breaking the pair to this level and the stability above it, the pair will continue rising till it targets the resistance level 0.9729 which represents the B point for the formed pattern.

Res: 0.9641 0.9677 0.9714
Pivot: 0.9604
Sup: 0.9531 0.9669 0.9495

AUD/USD

Continuality for what was mentioned during the previous reports that the pair is continuing rising targeting a new record by reaching the level 1.0449 during yesterday trades after succeeding the pair on breaking the resistance level 1.0422, during the Asian trades the pair was able to break also the level 1.0449 continuing targeting a new records, therefore it's expected that the bullish move will be continued by reaching the level 1.0506 which represents 161.8% Fibonacci retracement continuous level for the bearish direction ( from 1.0200 to 0.9705 ).

Res: 1.0487 1.0535 1.0622
Pivot: 1.0400
Sup: 1.0352 1.0265 1.0217

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