GIGFX Daily Technical Analysis Report

GIGFX · January 24, 2011, 5:10am

[B]EUR/USD[/B]
As it was expected through the report of the last week end the pair continued forming the bullish direction for the short and medium periods whereas, the pair succeeded to break the top boarder of the bullish triangle pattern at the resistance level 1.3515 then continued forming the bullish rib of the harmonic pattern AB=CD. The pair registered the highest price at the level 1.3624 breaking the resistance level 1.3589 that represents 161.8% Fibonacci continuous level for the rib BC. It is expected for the upcoming trades that the pair will rise but under the condition of breaking the resistance level 1.3624 then it will target to reach the area of the point D that completes the harmonic pattern which is between the level 1.3802 that represents 261% Fibonacci continuous level for the rib BC and the level 1.3850 and in order to reach this area, the pair should break the resistance level 1.3670 that represents 200% Fibonacci continuous level for the rib BC.
The stability of these expectations requires the stability of the support level 1.3515.

Res. 1.3683 1.3745 1.3866
Pivot 1.3562
Sup. 1.3500 1.3379 1.3317

[B]GBP/USD[/B]

The bullish direction is still dominating the move of the pair for the short and medium periods, at the end of the last week trades the pair declined, correcting this bullish direction till reached to test the support level 1.5885 which held against the pair testing and this is what pushed the pair up again expecting more rising during today’s intraday trades targeting the resistance level 1.6130 which coincide with testing the pair to the medium line of the pitchfork bullish channel that was formed due to the corrective short wave at the end of the last week trades.
The stability of these expectations requires the stability of the support level 1.5885.

RES. 1.6059 1.61111.6208
Pivot 1.5962
Sup. 1.5910 1.5813 1.5761

[B]USD/CHF[/B]

It is noticed in this chart that the pair formed a harmonic pattern (Gartley), the possibility of forming this pattern raised after the price hit the resistance level 0.9658 that coincides with 61.8% Fibonacci correction level for the wave AB and reflected the pair down targeting the support level 0.9520 that represents the point B of the pattern.
It is expected that the pair will decline targeting the level of the point B and if the pair succeeded to break this level, formation the pattern will be confirmed and then the pair will target to reach the end of the wave CD that its target supposed to be at the level 0.9425 that coincides with 161.8% Fibonacci continuous level for the wave BC and also 76.4% Fibonacci correction level for the wave XA.
The stability of these expectations requires the stability of the resistance level 0.9685.
RES: 0.9657 0.9729 0.9772
PIVOT: 0.9614
SUP: 0.9542 0.9499 0.9427

[B]USD/CAD[/B]

The U.S dollar fell against the main currencies has the greatest effect on the pair’s declining during last week trades whereas the pair was pushed down breaking the support level 0.9950 which was expected to be formed at it a bullish bottom but the pair continued falling to retest the top boarder for the bearish channel which was broken up before whereas a bottom was formed at the level 0.9905, the pair rose from it to retest the level 0.9950, after the last bearish move; a confusion area may be formed between the resistance level 0.9950 and the support level 0.9905 therefore it’s expected for the next trades that it will take a clear direction after breaking one of these two levels, if the resistance level 0.9950 is broken and a good close above it, the pair will continue rising retesting the resistance level 1.0020, in case of breaking the support level 0.9905 and a good close below it, the pair will continue falling reaching the support level 0.9833.

RES: 0.9982 1.0023 1.0061.
PIVOT: 0.9944
SUP: 0.9903 0.9865 0.9824

[B]AUD/USD [/B]
The last pair trades was confined between the support level 0.9840 and the resistance level 0.9909, and this narrow trades is expected to collect the momentum which the pair will use to form the next trades direction, if the resistance level 0.9909 is broken the pair will continue rising to retest the bullish trend line which was broken down before, it’s expected that the retest point will coincide with the resistance level 0.9975, but in case of breaking the support level 0.9840 the pair will continue forming the next bearish directions for the medium-term reaching the level 0.9730 which represents 127% Fibonacci retracement continuous level for the bullish direction ( from 0.9803 to 1.007)

RES: 0.9929 0.9961 1.0007
PIVOT: 0.9883
SUP: 0.9851 0.9805 0.9773

Success_gateway · February 10, 2011, 8:44am

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

Success_gateway · February 11, 2011, 5:29am

EUR/USD
The bullish move of the European currency against the American dollar did not remain any more whereas, yesterday trading session saw some new bearish positions for the pair that pushed it down breaking the support level 1.3680 which was represent the neck line of the head and shoulders pattern that its benefit to continue the bullish move is terminated, while the pair was pushing down it was also 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 with its breaking, the pair will decline again till reaching 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: 1.3637
SUP: 1.3540 1.3478 1.3381

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.
The previous analysis is still remaining till now

RES: 1.6150 1.6204 1.6273
PIVOT: 1.6081
SUP: 1.6027 1.5958 1.5904

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 rose yesterday as it was expected to target the resistance level 0.9685 that the pair is moving around now, testing it forming a harmonic pattern AB=CD that targeted this level to complete the formation of the pattern, a corrective reflection wave is expected 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

USD/CAD
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’s 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

AUD/USD
As it was expected in 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 is 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: 1.0152 1.0183 1.0261
PIVOT: 1.0119
SUP: 1.0088 1.0055 1.0024.

Success_gateway · February 14, 2011, 4:58am

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: 1.9974 1.9923 1.9887.

Success_gateway · February 15, 2011, 4:23am

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: 1.3554
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.

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 1.9932 1.9965
PIVOT: 0.9878
SUP: 0.9832 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: 1.9980 1.9933 1.9887.

Success_gateway · February 16, 2011, 4:22am

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 1.3597 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: 0.9711
SUP: 0.9677 0.9657 0.9623

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 1.9934 1.9968
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: 1.9986
SUP: 1.9917 1.9873 1.9804.

Success_gateway · February 17, 2011, 4:40am

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 1.9922 1.9943
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 1.9917 1.9876.

Success_gateway · February 18, 2011, 4:58am

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

Success_gateway · February 21, 2011, 4:39am

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: 1.3553
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 1.238
PIVOT: 1.0128
SUP: 1.0102 1.0060 1.0034.

Success_gateway · February 22, 2011, 4:44am

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

Success_gateway · February 23, 2011, 4:11am

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

Success_gateway · February 24, 2011, 4:12am

Thursday 24-2-2011 Technical Analysis Report

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

Success_gateway · February 25, 2011, 4:50am

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

Success_gateway · February 28, 2011, 4:20am

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

Success_gateway · March 1, 2011, 5:05am

EUR/USD

The bullish direction is still dominating the price action of the pair for the short, medium and long-term, whereas as noticed through this chart, the pair is forming a bullish trendline for the near and medium-term that confirms the bullish strength so, it is expected that the pair will continue forming bullish direction but under the condition of breaking the key resistance 1.3860 which performs as an important key resistance, holding steady above this level means the continuation of the pair’s bullish direction targeting the level 1.3977 which represents 127% Fibonacci’s continuous level for the downtrend (from 1.3860 to 1.3428).
The stability of these expectations requires the stability of the support level 1.3758.

RES: 1.3870 1.3934 1.4014
PIVOT: 1.3790
SUP: 1.3726 1.3646 1.3582

GBP/USD
The pair had a strong move rising yesterday that resulted by retreating the U.S. dollar index to its lowest price since the last 20 weeks which led to achieve gains for the most of the other major currencies against the U.S dollar and also led the pair to test the important key resistance 1.6275, this led the pair to form a harmonic pattern AB=CD in the forming stage, and the key resistance 1.6275 represents the point B for the harmonic pattern which with its breaking during today’s trades, the pair will target to continue forming this pattern by reaching the key resistance 1.6245 which represents the point D and the end of this harmonic pattern.
The stability of these expectations requires the stability of the support level 1.6150.

RES: 1.6329 1.6403 1.6532
PIVOT: 1.6200
SUP: 1.6126 1.5997 1.5923

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.

RES: 0.9307 0.9327 0.9351
PIVOT: 0.9283
SUP: 0.6263 0.9239 0.9219

USD/CAD

After the pair continued retreating during the last days, it is now between the key resistance 0.9739 and the support level 0.9688 after declining the U.S dollar 3.0% during this month against the Canadian dollar and declining the pair to the second lowest price recorded since 2007.
It is expected that, the pair will continue retreating during today’s trades targeting the support level 0.9658 but under the condition of breaking the support level 0.9688 with stability below.
But if the pair was unable to do so, it will target the key resistance 0.9739 and if the pair succeeded to be stable above this level, it will target the key resistance 0.9764.

RES: 0.9764 0.9814 0.9842
PIVOT: 0.9736
SUP: 0.9686 0.9658 0.9608

AUD/USD

The pair was able to achieve the highest price at 1.0200 during the Asian market that represents 127% continuous level for the bearish move from 1.0155 to 0.9965 forming a top at this level that pushed the pair down around the support level 1.0155 that coincides retesting the bearish trend line for the long periods, which was broken before, and it is expected that the pair will form a bottom at this level in order to use it to rise again targeting 1.0206 which with breaking it up the pair will rise again to the next resistance level at 1.0272 that represents 161.8% continuous level for the same mentioned bearish move.
This analyze requires the stability of the support level 1.0120.

RES: 1.0210 1.0236 1.0281
PIVOT: 1.0165
SUP: 1.0139 1.0094 1.0068

Success_gateway · March 3, 2011, 5:50am

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

Success_gateway · March 7, 2011, 4:38am

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

Success_gateway · March 8, 2011, 5:11am

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

Success_gateway · March 9, 2011, 4:14am

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

Success_gateway · March 10, 2011, 4:49am

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 1.6200 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. (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