GIGFX Daily Technical Analysis Report
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  1. #1
    Join Date
    Nov 2010
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    38

    Thumbs up GIGFX Daily Technical Analysis Report

    EURUSD

    During yesterday trades the pair failed to break the resistance level 1.3643 which represents 23.6% correction level for the bearish direction ( from 1.4281 to 1.3446 ) which led to form a confusion area under this level that reflects the accompanied volatility for the last intraday trades, despite of this confusion area; the expectations refer to break the mentioned resistance level, then the pair will continue rising to reach the target of the bearish channel which was broken up and also which is located at the level 1.3765 which represents 38.2% correction level for the same bearish direction.

    This expectation depends on the stability of the support level 1.3550.
    .

    Res. 1.3697 1.3753 1.3839
    Pivot 1.3611
    Sup. 1.3555 1.3469 1.3413
    Name:  19 euro.jpg
Views: 412
Size:  27.1 KB



    USDCHF

    The pair is still in the bullish direction that started at the level 0.9551, the pair now is retesting the support level 0.9912 which represents 38.2% correction level for the last bearish wave for the long period then it will rise to test the resistance point at the level 0.9977 which was tested previously at the level 0.9998 but it was not able to hold above it, but if the pair now is able to hold this time, it will target the resistance level 1.0052 which represents 50.0%.

    And if the pair couldn’t hold and broke this level, it will target the support level 0.9775.


    RES. 1.0019 1.0080 1.0162
    Pivot 0.9937
    Sup. 0.9876 0.9794 0.9733
    Name:  19chf.jpg
Views: 406
Size:  18.7 KB



    USDCAD


    The pair is still moving inside a bullish channel which was formed for the short period, where the pair formed a new bullish bottom at the support level 1.0155 which pushed the pair up to retest the nearest resistance levels. the pair formed a top at the level 1.0220 which the pair used to push down during the last intraday trades, if this bearish movement continued; the pair will retest again the support level 1.0155 which is expected to be coincide with the bottom for the bullish channel, if the pair is able to break these levels; it will continue falling at the support level 1.0070, in case of the stability for the support level 1.0155 with the stability of the bottom line for the bullish channel move; it's expected that the level 1.0220 will be retested again which with breaking it the pair will continue rising until the level 1.0280.


    Res. 1.0240 1.0290 1.0332
    Pivot 1.0198
    Sup. 1.0148 1.0106 1.0056
    Name:  19cad.jpg
Views: 379
Size:  22.4 KB




    AUDUSD

    As expected in yesterday's report, the pair rose to the level 0.9898 which represents 38.2% correction level for the bearish move from ( 1.0182 to 0.9723 ) where the pair formed a top at this level that pushed it down to retest the nearest support levels and this bearish move for the last intraday trades is expected to form the right shoulder for the head and shoulders pattern which is the reflective pattern for the bearish direction and this pattern is a complete for the positive signs which is formed on the pair , which refers that the pair will rise during the next trades, breaking the resistance level 0.9898 with breaking the neck line for the pattern which is mentioned in the chart; the pair will continue rising till the target area for the pattern, which is located between the level 1.0074 that represents 76.4% correction level for the same mentioned bearish direction and the resistance level 1.0100.
    This expectation depends on the stability of the support level 0.9810.


    Res. 0.9938 0.9980 1.0056
    Pivot 0.9862
    Sup.0.9820 0.9744 0.9702
    Name:  19aud.jpg
Views: 361
Size:  25.7 KB
    Last edited by PipsyGirl; 11-24-2010 at 01:08 PM. Reason: Advertising

  2. #2
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    Nov 2010
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    38

    Thumbs up Monday 22-11-2010 Tecnical Report

    EURUSD

    During the last week trades, Euro rose against the U.S Dollar for the third consecutive day, at the beginning of the current week trades, Euro formed a bullish gap which confirms the strength of the corrective bullish movement for the bearish direction (from 1.4281 to 1.3446), through the previous reports it is was mentioned that, the pair is targeting the level 1.3765 which represents 38.2% correction level for the mentioned bearish direction, which represents also the target of the broken-up bearish channel, and that what was confirmed during the last trades by reaching the mentioned level, it is expected that, in case of breaking this level, the pair will continue rising targeting the level 1.4084 which represents 76.4% correction for the same bearish direction, but under the condition of breaking the levels 1.3864 and 1.3962 which represent 50% and 61.8% correction levels for the same bearish direction.

    The stability of these expectations depends on the stability of the support level 1.3640.

    Res. 1.3737 1.3795 1.3860
    Pivot 1.3672
    Sup. 1.3614 1.3549 1.3491
    Name:  22 euro.jpg
Views: 343
Size:  25.7 KB

    GBPUSD

    The pair ended the last week trades falling, at the last Friday, although the pair gained last Thursday.
    At this chart, a harmonic pattern appeared at the forming stage, and now is forming the last wave (CD) for the pattern, and it is supposed for the end of this wave to be locate around the area between the resistance level 1.6190 and the level 1.6270, so, it is expected, during the intraday trades of today, that the pair will rise targeting these levels, this target will be confirmed after breaking the resistance level 0.6080 which represents the B point which the pair fell from it during Friday trades.

    The stability of these expectations depends on the stability of the support level 1.5930.

    RES. 1.6072 1.6162 1.6231
    Pivot 1.6003
    Sup. 1.5913 1.5844 1.5754
    Name:  22 gbp.jpg
Views: 345
Size:  23.1 KB


    USDCHF

    The direction of the pair for the short period is bullish, and forming a gartly positive pattern is noticed, this pattern refers to the possibility of reflecting the pair down as a corrective reflection for the bullish direction for the short period but after the pattern complete forming, which supposed to be completed by reaching the probable reflection area for the D point that ends the pattern and located in the area located between the resistance level 1.0015 and the level 1.0055. so, the price should be observed when reach this area, though, the appearance of any positive signals means a beginning of a correction bullish direction to target the support level 0.9825 as the first target of this correction movement and that also coincides with the bottom line of the pitchfork bullish channel.


    RES. 0.9982 1.0050 1.0104
    Pivot 0.9928
    Sup. 0.9860 0.9806 0.9738
    Name:  22 chf.jpg
Views: 336
Size:  25.9 KB

    USDCAD

    With the opening for this week trades, the pair registered a bearish price gap that made the pair able to break the bottom line for the bullish channel for the short period and also enables the pair to break the support level 1.0155 to give more strength for the next bearish move for the pair which is expected to be seen for the pair during the next trades, where the pair is tending to fall targeting the level 1.0065 which is located at 23.6 % correction level for the bearish direction ( from 1.0373 to 0.9978 ) which was broken up before and also which represents the target for the broken channel.

    This expectation depends on the stability of the resistance level 1.0220.


    Res. 1.0222 1.0264 1.0295
    Pivot 1.0191
    Sup. 1.0149 1.0118 1.0075
    Name:  22 cad.jpg
Views: 333
Size:  23.8 KB


    AUDUSD

    As expected in the last week report that the pair was forming the right shoulder for head and shoulders reflecting pattern, where the pair completed this shoulder during the last trades, then the pair rose up breaking the neck line for the pattern, in this trades the pair is trying to confirm breaking this line, confirming this breaking means a further rise to reach the target for the pattern which is expected to be between the level 1.0074 which represents 76.4% correction level for the bearish direction ( from 1.0182 to 0.9723 ) and the resistance level 1.0100.

    This expectation depends on the stability of the support level 0.9810.


    Res. 0.9908 0.9957 1.0004
    Pivot 0.9861
    Sup. 0.9812 0.9765 0.9716
    Name:  22 aud.jpg
Views: 318
Size:  24.4 KB
    Last edited by PipsyGirl; 11-24-2010 at 01:07 PM. Reason: Advertising

  3. #3
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    Nov 2010
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    38

    Thumbs up Friday 26-11-2010 Technical Analysis Report

    EURUSD


    Yesterday trades were in a narrow range between the support level 1.3284 and the level 1.3385, these narrow range reflects the forming of the momentum that the pair will use it to determine the next trades direction, if the pair responded to the positive signals of reflecting the bearish direction for the short and medium period, one of which is the positive divergence that reflects the direction, the level 1.3284 will be stable against any bearish for the pair then rising to reach the level 1.3385 which with its breaking, the pair will continue rising to reach the 1.3445 which also with its breaking up, the pair is expected to reach the level 1.3575, but if the pair succeeded to break the support level 1.3284, it will fall to reach the support level 1.3235 which represents 161.8% continuous level for the bullish wave (from 1.3445 to 1.3785) at which, price may coincide with the medium Pitchfork line, if the pair succeeded to break this area, it will continue falling to reach the support level 1.3105.

    Res. 1.3408 1.3444 1.3502
    Pivot 1.3344
    Sup. 1.3302 1.3244 1.3203
    Name:  26 euro.jpg
Views: 326
Size:  24.8 KB


    GBPUSD


    Yesterday, the pair continued the bearish direction for the short period inside a bearish channel and also forming a harmonic pattern AB=CD which supposed to be completed by reaching the D point which located between the support level 1.5680 and the level 1.5635, so that, during the next trades it is expected that, the pair will rise in order to target this area.

    The stability of these expectations depends on the stability of the resistance level 1.5805.


    RES. 1.5793 1.5827 1.5861
    Pivot 1.5759
    Sup. 1.5725 1.5691 1.5657
    Name:  26 gbp.jpg
Views: 319
Size:  29.4 KB


    USDCHF

    The direction of the pair is bullish for the short period, and it is noticed that, a negative Gartley harmonic pattern has been formed and refers to the possibility of reflecting the pair down as a corrective direction for the bullish direction for the short period but after the complete forming of the pattern which is supposed to be completed by reaching the probably reflection area for the D point (the end of the pattern) and which is located between the resistance level 1.0055 and the level 1.0085, so, the price must be observed when reaching this area because the appearance of any positive signals means the beginning of a downward correction movement to target the support level 0.9825.
    So that, it is expected that, the pair will rise up targeting the resistance level 1.0055 but after breaking the resistance level 0.9970 which the pair tried to break it and failed during yesterday trades, and what supports these expectations is the negative divergence with the stochastic index under the chart.
    The stability of these expectations depends on the stability of the support level 0.9870.

    Yesterday analysis is still remaining till now


    RES. 1.0036 1.0066 1.0112
    Pivot 0.9990
    Sup. 0.9960 0.9914 0.9884
    Name:  26chf.jpg
Views: 312
Size:  18.0 KB



    USDCAD

    During yesterday trades, the pair formed a bottom around the support level 1.0071, whereas, the pair failed to continue the expected falling reaching the level 1.0000, during the current trades, the pair is trying to retest the level 1.0129 which represents the base of the pattern (double bottoms) that has been broken down previously. If the pair succeeded to break this level up, it will rise again to reach the level 1.0176 which with its breaking up, the pair will continue rising to reach the bearish trend line for the long period. It is expected that, testing the trend line may coincides with the resistance level 1.0222, if the pair failed to break the resistance level 1.0129, it will fall to achieve the target of the pattern at the level 1.0000.


    Res. 1.0118 1.0144 1.0165
    Pivot 1.0097
    Sup. 1.0071 1.0050 1.0024
    Name:  26cad.jpg
Views: 322
Size:  28.3 KB


    AUDUSD

    The pair failed to break the resistance level 0.9580 during yesterday trades, to fall from this level to retest the nearest support levels, the pair broke the bullish trend line for the short periods and is trying to confirm the breaking of the support level 0.9723 during the current trades, this level represents the (B) point for the (AB=CD) harmonic pattern which the pair is tending to form, and the (C) point represented by the resistance level 0.9850.
    Generally, it is expected that the pair will continue falling in order to form the rib (CD) that suppose to be around the level 0.9600 representing the expected (D) point.
    This bearish scenario requires the stability of the resistance level 0.9850.


    Res. 0.9851 0.9894 0.9939
    Pivot 0.9806
    Sup. 0.9763 0.9718 0.9675
    Name:  26aud.jpg
Views: 327
Size:  24.5 KB
    Last edited by PipsyGirl; 11-29-2010 at 03:59 PM. Reason: Advertising

  4. #4
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    Nov 2010
    Posts
    38

    Thumbs up Monday 29-11-2010 Tecnical Analysis Report

    EURUSD

    European debt crisis still controls the trades of the pair during the last medium period, whereas, the European currency achieved a lower price against the U.S dollar with each statement that includes the failure of the negotiations about resolving the European debt crisis. Through the last week report it was mentioned that, the pair will continue falling once breaking the level 1.3284 and this what is confirmed already and the pair continued falling to reach the support level 1.3235 which represents 161.8% continuous level for the bullish wave (from 1.3445 to 1.3785), with the beginning of this week trades, the pair formed a bullish gap with approaching resolving the Irish financial problems, but the pair returned back and covered the whole gap and achieved a lower price at the level 1.3185. with noticing the price movement and the movement of the RSI index, it will be clear that, the positive divergence that reflects the direction is still continuous till now, so, during the upcoming trades with the new European good news it is expected that, the pair will use the formed bottom at the level 1.3185 to rise again in order to retest the resistance level 1.3284 which with its breaking, the pair will continue rising to reach the resistance level 1.3445 which expected to be coincides with the Pitchfork top line.
    The stability of these expectations needs the stability of the support level 1.3185.

    Res. 1.3340 1.3432 1.3502
    Pivot 1.3270
    Sup. 1.3178 1.3108 1.3016
    Name:  29 euro.jpg
Views: 321
Size:  27.8 KB


    GBPUSD

    As it was expected, the pair continued falling during the whole trades of the end of the last week to reach the support level 1.5580 to test it which represents 200% continuous level, this level is still stable against the pair testing till now, it is expected that, the bearish direction will continue for the short period, but it will be a corrective reflection for this bearish movement during the intraday trades of today targeting the resistance level 1.5685, if the pair was able to break this level up, then, it will target the resistance level 1.5770.
    So that, any bearish operations are not recommended until breaking the support level 1.5580 in order to target the support level 1.5430.

    RES. 1.5714 1.5839 1.5908
    Pivot 1.5645
    Sup. 1.5520 1.5451 1.5326
    Name:  29 gbp.jpg
Views: 323
Size:  25.0 KB


    USDCHF

    As expected for the pair during last week trades, it was able to target the price for the last wave of the formed harmonic pattern, at the end of the last week trades the pair has retested the resistance level 1.0055 this level is still stabled till this moment which is reflected down expecting for it to continue falling to have a correction move for the bullish wave targeting to retest the support level 0.9970 during the intra day trades.


    RES. 1.0059 1.0091 1.0128
    Pivot 1.0022
    Sup. 0.9990 0.9954 0.9921
    Name:  29 chf.jpg
Views: 316
Size:  18.1 KB


    USDCAD

    The pair is still unable to break the bearish trend line for the long period till this moment, so the pair is most likely in the bearish direction, in case of continuing the trades under the bearish trend line, it's expected during the next trades that the support level 1.0176 will be retested which with breaking it down the pair will continue falling till the next support level at 1.0129.

    This expectation depends on the stability of the resistance level 1.0245.


    Res. 1.0271 1.0339 1.0432
    Pivot 1.0178
    Sup. 1.0110 1.0017 0.9949
    Name:  29 cad.jpg
Views: 316
Size:  23.9 KB


    AUDUSD

    As expected in last week report, the harmonic pattern AB=CD is completed by reaching the level 0.9600 which represents the ( D ) point and this pattern is a positive pattern which means that the next trades will be shown as a reflective up. The pair is to retest the nearest resistance levels, one from it is the resistance level 0.9723 which with breaking it up means rising again to the resistance level 0.9850 but this bullish expectation depends on the stability of the ( D ) point level at the level 0.9600 because of breaking this level down means that the pair will continue forming the bearish direction for the medium period.

    Res. 0.9768 0.9894 0.9971
    Pivot 0.9690
    Sup. 0.9565 0.9487 0.9362
    Name:  29 aud.jpg
Views: 315
Size:  21.5 KB
    Last edited by PipsyGirl; 11-29-2010 at 04:00 PM. Reason: Advertising

  5. #5
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    Nov 2010
    Posts
    38

    Thumbs up Wednesday 01-12-2010 Technical Analysis Report

    EURUSD

    The European currency continued falling against the U.S dollar, whereas, during yesterday trades, euro registered the lowest price against the U.S dollar in the past 11 weeks at the level 1.2965 When reaching this level, the pair formed a bottom that the pair used it to rise during the last trades, it is noticed that, the level 1.2965 is around the target of the harmonic pattern which is expected to be completed at the (D) point which represents the area between the level 1.2954 and the level 1.2900 that represents 261.8% continuous level for the (BC) rip. Will the pair satisfy this falling by reaching the level 1.2965? Or, will form a lower bottom at the (D) point? This is what will be answered through the upcoming trades. If the support level 1.2965 continued holding, it is expected that, the pair will continue rising during the upcoming trades in order to retest the nearest resistance levels, one of which is the level 1.3110 and the level 1.3180.


    Res. 1.3100 1.3215 1.3280
    Pivot 1.3034
    Sup. 1.2918 1.2853 1.2737
    Name:  1 euro.jpg
Views: 307
Size:  23.9 KB


    GBPUSD

    As it was expected yesterday, the pair fell but it was unable to reach the support level 1.5430 as it was expected through this bearish movement, now, the pair reflected up after registering the lowest price at the level 1.5483 and with this reflection, the pair reached the resistance level 1.5580 to test it, if this level held against the pair testing, the pair will continue falling targeting the support level 1.5430.
    But in the case of good closing above the resistance level 1.5580 that means the pair will target the resistance level 1.5685 during the upcoming intraday trades, to close today's trades bullishly.


    RES. 1.5606 1.5658 1.5721
    Pivot 1.5546
    Sup. 1.5497 1.5434 1.5386
    Name:  1 gbp.jpg
Views: 306
Size:  23.5 KB


    USDCHF

    Yesterday, the pair tried to break the support level 0.99702 where it could skip this level but failed to close below it, this is what pushed the pair up again testing the resistance level 1.0055 which still holds till now, and the movement of the pair during the short period trades is a sideways one between the resistance level 1.0055 and the support level 0.9970 to form a confusion area between those levels, breaking each of them supports the breaking direction.


    RES. 1.0075 1.0118 1.0192
    Pivot 1.0001
    Sup. 0.9959 0.9884 0.9842
    Name:  1 chf.jpg
Views: 310
Size:  21.5 KB


    USDCAD

    After several attempts, the pair was able to break the bearish trend line for the long period, and it also was able to break the resistance level 1.0245 marking the beginning of forming a new bullish direction for the short period, where the pair continued rising till the level 1.0280 which represents 76.4% correction level for the bearish direction ( from 1.0373 to 0.9987 ), the pair formed a top at this level to fall from it during the last intraday trades to retest the nearest resistance levels and forming a bullish bottom that will use it to rise trying to break the level 1.0280 which with breaking it up expected to rise till the level 1.0340, it's expected that the forming of the bullish bottom is between the level 1.0245 and the level 1.0220.
    This expectation depends on the stability of the support level 1.0220.

    Res. 1.0308 1.0353 1.0421
    Pivot 1.0239
    Sup. 1.0194 1.0127 1.0060
    Name:  1 cad.jpg
Views: 312
Size:  28.3 KB



    AUDUSD

    During the last trades for the short period, some positive reflective signals appeared which caused a reflection for the bearish direction that dominants the pair. one of these signals for the reflective pattern ( bearish wedge ) and also the appearance of a positive divergence which will reflect the next direction from the RSI index, the pair is trying to break the upper limit for the bearish wedge to begin forming a corrective bullish direction for the short period, if breaking the upper limit is confirmed, the pair will continue rising till the target price for this pattern, and it's expected that it will be at the confined resistance area between the level 0.9697 which represents 38.2% correction level for the bearish direction ( from 0.9954 to 0.9538 ) and the resistance level 0.9720.
    This expectation depends on the stability of the support level 0.9538.


    Res. 0.9646 0.9711 0.9763
    Pivot 0.9595
    Sup. 0.9533 0.9481 0.9418
    Name:  1 aud.jpg
Views: 314
Size:  25.3 KB
    Last edited by GIGFX; 12-01-2010 at 05:52 AM.

  6. #6
    Join Date
    Nov 2010
    Posts
    38

    Thumbs up Thursday 2-12-2010 Technical Analysis Report

    EURUSD

    Yesterday trades saw the rise of the European currency against the American dollar; this rising reflects the investors' optimism toward the most risky and high-yielding currency, this rising also reflects the confirmation of yesterday’s mentioned expectations. the pair may be satisfied with its declining till the level 1.2965, reaching the target of the pattern AB=CD which was supposed to be completed at the point (D) which represents the area between the levels 1.2945 and 1.2900 which represents 261.8% continuous level for the rip (BC). The pair rose till reaching the 1.3159 which represents 23.6% correction level for the bearish direction (from 1.3785 to 1.2965), forming a top from which the pair declined to form a bottom that the pair will use to rise breaking this level targeting the level 1.3278 which represents 38.2% correction level for the same mentioned bearish direction.


    Res. 1.3222 1.3306 1.3432
    Pivot 1.3096
    Sup. 1.3014 1.2886 1.2802
    Name:  2 euro.jpg
Views: 314
Size:  21.7 KB


    GBPUSD

    Yesterday, the pair reflected after the support level 1.5505 held against the pair testing, correcting its bearish movement that remained during the last week trades, now, the pair is in the forming stage of a reflective pattern for the bearish direction and it is an inverted head and shoulders pattern. as it is noticed through this chart, the neck line of this pattern represents the resistance level 1.5645, so, during the upcoming trades, if the pair succeeded to break this level with a good close above it, the pair will rise targeting to the target of the formed pattern that is testing the resistance level 1.5810.

    The stability of these expectations depends on the stability of the support level 1.5505.


    RES. 1.5662 1.5701 1.5762
    Pivot 1.5604
    Sup. 1.5562 1.5504 1.5462
    Name:  2 gbp.jpg
Views: 310
Size:  19.3 KB


    USDCHF

    Through the last two past days, the pair traded in a sideways direction with a little rising up, forming a reflective pattern for the direction which is a bullish wedge that refers to the weakness of the buying strength. It is expected that, the pair will fall down but under the condition of breaking the support level 0.9970 in order to target the support levels 0.9890 then 0.9765. And what confirms these expectations is forming the harmonic pattern AB=CD which with its completing by the complete forming of the CD wave, it is supposed to reflect down. And it is noticed that the target of the CD wave was the resistance level 1.0055 which held against the pair testing during the last two days. This confirms the expectation of the corrective down reflection of the pair for the medium period and the bearish direction during this day's trades.


    RES. 1.0064 1.0105 1.0144
    Pivot 1.0025
    Sup. 0.9984 0.9945 0.9904
    Name:  2 chf.jpg
Views: 306
Size:  23.3 KB


    USDCAD

    The pair Failed to be stable above the bearish trend line for the long period which was broken up before during the last trades for the short period and also the level 1.0220 failed to stop the bearish move which was pushed from the formed top at the level 1.0280 which represents 76.4% correction level for the bearish direction ( from 1.0373 to 0.9978 ), all these negative indicators confirms the tending of the pair to continue falling, after breaking the support level 1.0176 the pair is to continue falling during the intraday trades targeting the support level 1.0129 which in case of breaking it down the pair will target the bearish move to reach the level 1.0071.
    This expectation depends on the stability of the resistance level 1.0220.

    Res. 1.0246 1.0323 1.0375
    Pivot 1.0194
    Name:  2cad.jpg
Views: 304
Size:  25.1 KB


    AUDUSD

    As expected in yesterday trades report, the pair was able to break the upper limit for the bearish wedge to continue rising targeting the confined area between the level 0.9697 which represents 38.2% correction level for the bearish direction ( from 0.9954 to 0.9538 ) and the resistance level 0.9720 and this area represents the price target for the pattern and that which has been already achieved where the pair formed a top at the level 0.9697 that pushed it down to retest the nearest support levels to form a bullish bottom where the pair use it to continue rising targeting the retest for the bearish trend line for the medium period which is expected to coincide with the resistance level 0.9720, breaking this area means the pair tending to correct the bearish direction for the medium period, forming a bullish correction direction for the short period targeting initially the level 0.9856 which represents 76.4% correction level for the same mentioned bearish direction.
    This expectation depends on the stability of the support level 0.9610.


    Res. 0.9740 0.9798 0.9899
    Pivot 0.9639
    Sup. 0.9581 0.9480 0.9422
    Name:  2 aud.jpg
Views: 309
Size:  25.9 KB
    Last edited by GIGFX; 12-02-2010 at 06:27 AM.

  7. #7
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    Nov 2010
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    38

    Thumbs up Friday 03-12-2010 Technical Analysis Report

    EURUSD

    Yesterday trades saw the rise of the European currency against the American dollar for two consecutive days; this rising reflects the investors' optimism toward the most risky and high-yielding currency, this rising made the pair able to break the level 1.3159 which represents 23.6% correction level for the bearish direction (from 1.3785 to 1.2965) to continue rising targeting the level 1.3278 which represents 38.2% correction level for the same bearish direction, and it is expected to reach this level during the upcoming trades with the reference to that, the pair will continue rising in order to test the trend line which connect the (A) point with the (B) point for the positive harmonic pattern AB=CD which is expected to coincide with the resistance level 1.3375 which represents 50% correction level for the same mentioned bearish direction.

    The stability of these expectations requires the stability of the support level 1.3060.


    Res. 1.3282 1.3356 1.3472
    Pivot 1.3172
    Sup. 1.3097 1.2986 1.2911
    Name:  3 euro.jpg
Views: 314
Size:  22.8 KB


    GBPUSD


    Yesterday, the pair failed to break the resistance level 1.5650 from which the pair reflected down to reach the support level 1.5505 in order to test it, to form a sideway channel pattern between those levels, and with the expectations of more rising for the pair during today's trades but under the condition of breaking the resistance level 1.5650 with a good close above it, if the pair succeeded in this, it will target testing the resistance level 1.5800.

    This expectation depends on the stability of the support level 1.5505.

    RES. 1.5672 1.5748 1.5829
    Pivot 1.5592
    Sup. 1.5517 1.5436 1.5362
    Name:  3 gbp.jpg
Views: 308
Size:  19.2 KB


    USDCHF

    Through the last two days, the pair traded in a sideways direction with a little rising up, forming a reflective pattern for the direction which is a bullish wedge that refers to the weakness of the buying strength. It is expected that, the pair will fall down but under the condition of breaking the support level 0.9970 in order to target the support levels 0.9890 then 0.9765. And what confirms these expectations is forming the harmonic pattern AB=CD which with its completing by the complete forming of the CD wave, it is supposed to reflect down. And it is noticed that the target of the CD wave was the resistance level 1.0055 which held against the pair testing during the last two days. This confirms the expectation of the corrective down reflection of the pair for the medium period and the bearish direction during this day's trades.
    Yesterday analysis is still remaining till now



    RES. 1.0064 1.0105 1.0144
    Pivot 0.9957
    Sup. 0.9859 0.9794 0.9694
    Name:  3chf.jpg
Views: 307
Size:  25.3 KB


    USDCAD

    The pair continued the bearish move during yesterday trades where it was able to broke the support level 1.0129 to reach the next support level 1.0071 which was mentioned before in yesterday report. the pair didn't stop it's movement by reaching this level but it continued falling down until it achieved the lowest price at the level 1.0025, it's expected that the level 1.0025 came to coincide with the pitchfork medium line which is graphed on the bullish wave ( from 0.9978 to 1.0280 ) to give the probability of forming a bearish bottom, if this bottom is completed by the stability of the level 1.0028 it's expected that the pair will retest the nearest resistance level which are the levels 1.0071 and 1.0129 which is expected in case of completion this scenario, a bearish top will be formed at these levels which will push down the pair again to retest the level 1.0025 which in case of breaking it at any time means falling till the support level 0.9978.
    This expectation depends on the stability of the resistance level 1.0129.


    Res. 1.0133 1.0242 1.0296
    Pivot 1.0079
    Sup. 0.9970 0.9916 0.9807
    Name:  3cad.jpg
Views: 311
Size:  28.6 KB


    AUDUSD

    As noticed in the chart, the pair was able to break the bearish trend line for the medium period and also was able to break the resistance level 0.9720 to rise and reach the level 0.9784 which represents 38.2 correction level for the bearish direction ( from 1.0182 to 0.9538 ) the pair is trading now at the level 0.9784 expecting breaking it up, the pair will continue rising targeting to break the bearish trend line at the level 0.9936 which represents 61.8% correction level for the same bearish direction. To reach this price target; the resistance level 0.9860 must be broken.
    This expectation depends on the stability of the support level 0.9690


    Res. 0.9822 0.9877 0.9976
    Pivot 0.9723
    Sup. 0.9668 0.9569 0.9514
    Name:  3 aud.jpg
Views: 292
Size:  29.9 KB

  8. #8
    Join Date
    Nov 2010
    Posts
    38

    Thumbs up Monday 06-12-2010 Tecnical Analysis Report

    EURUSD

    The negative American data released at the end of the last week supported the rising of the European currency, as it was expected for this rising, the pair rose till reached the level 1.3375 which represents 50% correction level for the bearish direction (from 1.3785 to 1.2965) at which the price coincided with the bearish trend line which matches the (A) point with the (C) for the positive harmonic pattern AB=CD, the pair wasnt satisfied with reaching this level, but registered the highest price through the end of the last week trades at the level 1.2425 around the resistance level 1.3445, which represents the (B) point, if the buying strength still controls the trades of the pair, breaking the level 1.3445 is expected, whereas, the pair then will target to reach the level 1.2591, and these expectations are the most likely to happen during the upcoming trades.

    The stability of these expectations requires the stability of the support level 0.3245.


    Res. 1.3504 1.3582 1.3738
    Pivot 1.3348
    Sup. 1.3270 1.3114 1.3036
    Name:  6 euro.jpg
Views: 301
Size:  21.7 KB

    GBPUSD


    During the end of the last week trades, the pair succeeded to break the resistance level 1.5650 as it was expected, reaching around the target at the level 1.5800 which was mentioned before, where recorded the highest price at the level 1.5787 and closed around this level, this is what supports the expectations of more rising during the intraday trades of today but under the condition of breaking the level 1.5800 up, in order to target then the resistance level 1.5860 which represents 61.8% correction level for the last bearish wave for the medium period then, it will target the resistance level 1.5945 which represents 76.4% of the same previous levels.
    The stability of these expectations requires the stability of the support level 1.5650.


    RES. 1.5852 1.5923 1.6058
    Pivot 1.5716
    Sup. 1.5645 1.5509 1.5436
    Name:  6 gbp.jpg
Views: 295
Size:  24.9 KB


    USDCHF

    As it was expected previously, the pair declined at the end of the last week trades till reached the mentioned target at the support level 0.9765, and it is the target of the bullish wedge which was formed on the movement of the pair for the medium period trades, whereas, the declining of the pair was strong, so, it is expected that, the pair will continue declining for the intraday levels of today targeting the support level 0.9610 but under the condition of breaking the support level 0.9695 which represents 61.8% correction level for the bullish wave (AD) for the medium period.

    The stability of these expectations requires the stability of the resistance level 0.9890


    RES. 0.9877 1.0024 1.0095
    Pivot 0.9804
    Sup. 0.9658 0.9585 0.9439
    Name:  6 chf.jpg
Views: 298
Size:  24.1 KB

    USDCAD


    The pair is still trading till now above the support area which is a result of coinciding the level 1.0025 with the pitchfork midline that formed on the bullish wave ( from 0.9978 to 1.0280 ) if the stability of this area is continued; it's expected that the pair will rise until the level 1.0129 but in case of breaking the resistance level 1.0071 and this bullish move is intended to search on forming a bearish top will force the pair to return again for falling to reach the target price for the short period at the support level 0.9978 which expected reaching it in case of breaking the support level 1.0025 and also breaking the pitchfork midline.


    Res. 1.0070 1.0113 1.0146
    Pivot 1.0037
    Sup. 0.9994 0.9961 0.9918
    Name:  6 cad.jpg
Views: 291
Size:  24.8 KB


    AUDUSD

    As expected in the last week report that the pair has completed rising till the level 0.9936 which represents 61.8% correction level for the bearish direction ( from 1.0182 to 0.9538 ) and this level represents the target price from breaking the mentioned bearish trend line, it's expected for the next trades a further rise provided of breaking the level 0.9936 then reaching the level 1.0030 which represents 76.4% correction level for the same mentioned bearish direction.

    This expectation depends on the stability of the support level 0.9785.


    Res. 0.9999 1.0066 1.0196
    Pivot 0.9869
    Sup. 0.9802 0.9672 0.9605
    Name:  6 aud.jpg
Views: 337
Size:  26.7 KB

  9. #9
    Join Date
    Nov 2010
    Posts
    38

    Thumbs up Tuesday 07-12-2010 Technical Analysis Report

    EURUSD


    The European currency fell against the US dollar during yesterday trades, this falling was a try to form a bullish bottom that is considered a part of a corrective bullish movement and the pair is forming it through the last short period and the continuation of this forming is expected during the upcoming trades. The formed bullish bottom is at the level 1.3245 which its importance had mentioned through yesterday report. The pair used the formed bottom through the last intraday trades to rise whereas, it is expected that, the pair will rise till reaching the resistance area between the level 1.3445 which represents the (B) point for the harmonic pattern and the level 1.3372 which represents 50% correction level for the bearish direction (from 1.3785 to 1.2965). Breaking up this area is important to continue the corrective bullish direction then the pair will rise targeting the level 1.3591.

    The stability of these expectations requires the stability of the support level 1.3245.

    Res. 1.3404 1.3500 1.3578
    Pivot 1.3324
    Sup. 1.3230 1.3149 1.3053
    Name:  7 euro.jpg
Views: 285
Size:  24.9 KB

    GBPUSD


    Yesterday, the pair did not succeed to break the resistance level 1.5800 which still stable till now, the pair reflected retesting the support level 1.5650, and with the stability of this level against the pair testing, returns the expectations of more rising for the pair but a bullish positions are not recommended until breaking the resistance level 1.5800 to target then the level 1.5860 which represents 61.8% correction level for the last bearish wave for the medium period then the resistance level 1.5950.

    The stability of these expectations requires the stability of the support level 1.5650.

    RES. 1.5772 1.5834 1.5894
    Pivot 1.5714
    Sup. 1.5645 1.5594 1.5534
    Name:  7 gbp.jpg
Views: 288
Size:  27.2 KB


    USDCHF

    As it was expected previously, the pair declined at the end of the last week trades till reached the mentioned target at the support level 0.9765, and it is the target of the bullish wedge which was formed on the movement of the pair for the medium period trades, whereas, the declining of the pair was strong, so, it is expected that, the pair will continue declining for the intraday levels of today targeting the support level 0.9610 but under the condition of breaking the support level 0.9695 which represents 61.8% correction level for the bullish wave (AD) for the medium period.

    The stability of these expectations requires the stability of the resistance level 0.9890.

    Yesterday analysis is still remaining till now.

    RES. 0.9885 0.9954 1.0034
    Pivot 0.9805
    Sup. 0.9736 0.9656 0.9587
    Name:  7 chf.jpg
Views: 286
Size:  26.2 KB

    USDCAD


    As noticed in the chart, the pair has formed a continuous harmonic pattern which is the bearish flag, this pattern came to support the bearish dominant direction on the pair for the short period, it's expected that with breaking the lower limit for the pattern and with breaking the support level 1.00025 that the pair will continue falling till the support level 0.9978 which breaking it down is important to the pair to use on achieving the target price for the pattern at the level 0.9896 which represents 127% continuous level for the bullish direction ( from 0.9978 to 1.0286 ) at the same time.

    This expectation depends on the stability of the resistance level 1.0080.

    Res. 1.0086 1.0115 1.0147
    Pivot 1.0054
    Sup. 1.0025 0.9993 0.9964
    Name:  7 cad.jpg
Views: 290
Size:  24.8 KB

    AUDUSD

    The pair’s last intraday trades was confined between the resistance level 0.9936 and the support level 0.9860 and this narrow trading range came to reflect collecting the momentum price which the pair will use to continuing rising and continuing forming the bullish correction direction for the short period, where from the expected with breaking the resistance level 0.9936 that the pair will continue rising till the level 1.0030 which represents 76.4% correction level for the bearish direction ( from 1.0182 to 0.9538 ).
    This expectation depends on the stability of the support level 0.9860.


    Res. 0.9932 0.9967 1.0006
    Pivot 0.9891
    Sup. 0.9856 0.9815 0.9780
    Name:  7 aud.jpg
Views: 283
Size:  25.6 KB

  10. #10
    Join Date
    Nov 2010
    Posts
    38

    Thumbs up Wednesday 08-12-2010 Technical Analysis Report

    EURUSD


    Euro declines for the second consecutive day against the U.S dollar; this declining was due to the support of the Irish bad news. On the contrast, the U.S dollar rose after releasing the statements by U.S. President Barack Obama, who reported the approval of the U.S. administration to extend tax cuts for two years. It is noticed through the chart that, the pair broke the bullish trend line that was formed for the short period, also the support level 1.3245 has been broken, so, the pair declined during the last intraday trades. Now, the pair is in its way to test the level 1.3198 which represents 50% correction level for the bullish direction (from 1.2965 to 1.3427). breaking this level is important to continue declining till reaching the level 1.3077 which represents the target for breaking the bullish trend line for the short period, the stability of the level 1.3198 could give the probability of forming a positive harmonic pattern which means rising again for the pair in order to re-test the resistance levels 1.3245 and 1.3319.

    Res. 1.3354 1.3448 1.3496
    Pivot 1.3306
    Sup. 1.3212 1.3164 1.3070
    Name:  8 euro.jpg
Views: 282
Size:  22.0 KB

    GBPUSD


    Yesterday, the pair did not succeed to break the resistance level 1.5800, where tried to test it yesterday and succeeded to close above it where recorded the highest price at 1.5821 and failed to be stable then reflected back downwards till now breaking the bullish trend line for the short period and the intraday trades and the support level 1.5740 which represents 23.6% correction level for the last bullish wave for the short period, it is expected that the pair will continue falling during the intraday trades of today targeting the support level 1.5565 which represents 76.4% correction level.

    The stability of this expectation depends on the stability of the resistance level 1.5740.

    RES. 1.5817 1.5878 1.5934
    Pivot 1.5760
    Sup. 1.5699 1.5642 1.5581
    Name:  8 gbp.jpg
Views: 287
Size:  24.2 KB

    USDCHF

    Yesterday, the pair rose breaking the resistance level 0.9855 forming a harmonic pattern Gartley in the early forming stage and the end of the pattern is supposed to be with the end of the CD wave which is supposed to be between the resistance level 0.9950 and the level 0.9977, so, it is expected that, the pair will rise for the intraday levels targeting this area and that a down corrective reflection will occur just hitting this area but under the condition of the appearance of a negative signals for the pair, this vision will be confirmed by breaking the resistance level 0.9905 that the pair is testing now.
    The stability of these expectations depends on the stability of the support level 0.9850.


    RES. 0.9920 0.9960 1.0048
    Pivot 0.9838
    Sup. 0.9792 0.9710 0.9664
    Name:  8 chf.jpg
Views: 288
Size:  21.1 KB

    USDCAD


    Although the pair has broke the bottom line for the bearish flag pattern, the pair didn't achieve a good close under the support level 1.0025 which was previously mentioned the importance of this level to continue falling, therefore it's found for the pair to rise again using the formed bottom at this level to break up the resistance level 1.0080, the pair is on it's way to target the resistance level 1.0145 which represents 50% correction level for the bearish direction ( from 1.0286 to 1.0004 ) breaking this level is important for the pair to continue the expected rising till the level 1.0219
    The failing to break the level 1.0145 means falling again to retest the level 1.0080 which represents an important level for the pair; for the short period.

    Res. 1.0162 1.0201 1.0276
    Pivot 1.0087
    Sup. 1.0048 0.9973 0.9934
    Name:  8 cad.jpg
Views: 275
Size:  22.8 KB

    AUDUSD

    The U.S dollar returned again to rise facing the AUD dollar, where the pair didn't trade a lot yesterday above the resistance level 0.9936 but the pair was pushed down till the support level 0.9860 which was not able to hold for long against this falling, and the pair was able to break this level down to continue falling. the pair is trading at the support level 0.9784 which represents 38.2% correction level for the bearish direction ( from 1.0182 to 0.9690 ) and the previously broken up, breaking this level down again means targeting the pair to the next support level at 0.9690.
    This expectation depends on the stability of the resistance level 0.9860.


    Res. 0.9919 1.0012 1.0060
    Pivot 0.9871
    Sup. 0.9778 0.9730 0.9637
    Name:  8 aud.jpg
Views: 286
Size:  23.7 KB
    Last edited by GIGFX; 12-08-2010 at 07:07 AM.

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