GIGFX Daily Technical Analysis Report

[Success_gateway]

EUR/USD

As was expected for the EUR/USD pair, the pair fell previously to pass the expected target for the head and shoulders pattern at 1.4420 level that coincided 38.2% correction level for the bullish move from 1.3969 to 1.4696 to reach 50% level with the past week close around 1.4332, as if the pair tends to continue falling; it must pass 50% level to target then 61.8% level around 1.4246 price, but if the pair traded above 32.8% level, it will be pushed to retest 23.6% level around 1.4524 price.

Res: 1.4492 1.4634 1.4719
Pivot: 1.4407
Sup: 1.4265 1.4180 1.4038
](http://www.herosh.com)[IMG]

GBP/ USD

As it was expected through the last analysis, sterling declined against the U.S dollar as it is rising against a basket of all its counterparts, it was expected to decline reaching the level 1.6244 which represents 61.8% of Fibonacci’s correction level for the bullish move (from 1.6058 to 1.6546) and this is what happened indeed as the pair registered the lowest price of these trades at the level 1.6215, in order to continue declining during the upcoming trades and to reach the next support level 1.6173; the pair should break the level 1.6215 and if the pair failed to break it, it means rising the pair again to re-test the nearest resistance level such as the level 1.6302.

Res: 1.6331 1.6439 1.6496
Pivot: 1.6274
Sup: 1.6166 1.6109 1.6001
](http://www.herosh.com)[IMG]

USD/CHF

The pair failed during the last week trades end on breaking the resistance level 0.8467 which represents the pair’s first target, so it’s expected that the pair may be able to break this level during the intraday trades targeting by that the resistance level 0.8541 which represents 38.2% Fibonacci retracement correction level for the bearish direction.

But the pair’s inability on breaking the resistance level 0.8467 gives the pair the chance to test the support level 0.8392.

Res: 0.8446 0.8459 0.8485
Pivot: 0.8420
Sup: 0.8407 0.8381 0.8368
](http://www.herosh.com)[IMG]

USD/CAD

At the end of the last week, the pair failed to close below the bottom border of the bullish channel at the support level 0.9764 so the pair is re-testing it again at the beginning of today’s trades targeting the resistance level 0.9810.
But if the pair succeeded to break the support level which represents the bottom border of the channel, it will target the support level 0.9645 and if it was able to be stable below this level, it will continue declining targeting the support level 0.9539.

Res: 0.982 0.985 0.9905
Pivot: 0.9765
Sup: 0.9735 0.968 0.965
](http://www.herosh.com)[IMG]

AUD/USD

As expected during the previous week end trades, the pair had already declined affected by that the AB=CD harmonic pattern which was formed through the price action during the short-term trades. This declining lead breaking the support level 1.0563 which represents the last AB wave, so it’s expected that during the intraday trades a further drop for the pair targeting the support level 1.0445 which represents the end of the CD wave and the end of the formed harmonic pattern.

This scenario depends on the stability of the resistance level 1.0610.

Res: 1.0614 1.0695 1.0740
Pivot: 1.0569
Sup: 1.0488 1.0443 1.0362

[Success_gateway]

EUR/USD

After the EUR/USD pair fell previously to reach 50% correction level for the bullish move from 1.3969 to 1.4696 the pair rose facing 38.2% level during the current trades around 1.4420 price, as the (RSI) indicator viewed oversold signal, which supports the pair rising to target 23.6% level around 1.4524 price, which requires the price stability above 38.2% level, as if the pair traded below this level it will fall again to target 50% level around 1.4332 price in order to retest it.

Res: 1.4455 1.4496 1.4563
Pivot: 1.4388
Sup: 1.4347 1.4280 1.4239
](http://www.herosh.com)[IMG]

GBP/ USD

As was expected in yesterday’s report, the pair retested the resistance level 1.6302 whereas yesterday trades saw the GBP/USD pair rising up which was stable on the formed bottom at the level 1.6215 till it tested the level 1.6302 which didn’t hold against the strong British currency buying, whereas the pair continued rising to achieve the highest trading price at 1.6388, during the Asian market, the pair broke the level 1.6388 to continue rising testing the broken down bullish trend line, the pair is expected to decline a little from the testing point searching for forming a bullish bottom for the short-term which will force the pair to rise again by reaching the level 1.06470 then 1.6545, forming a bullish bottom is expected between the support level 1.6360 and the support level 1.6302.

This scenario depends on the stability of the support level 1.6302.

Res: 1.6437 1.6498 1.6609
Pivot: 1.6326
Sup: 1.6265 1.6154 1.6093
](http://www.herosh.com)[IMG]

USD/CHF

As it is noticed through this chart, the pair is moving inside a bullish channel with a lightly sliding down, so it is expected to continue rising during the upcoming trades targeting the resistance level 0.8453 which represents the top border of the channel.

The stability of these expectations requires the stability of the pair above the support level 0.8353.

Res: 0.8443 0.8513 0.8559
Pivot: 0.8397
Sup: 0.8327 0.8281 0.8211
](http://www.herosh.com)[IMG]

USD/CAD

As it is noticed through this chart, yesterday, the pair broke the bottom border of the bullish channel by breaking the support level 0.9767, so during the upcoming trades, it is expected to continue declining targeting the support level 0.9640 as the first target and if the pair broke it with stability below, the pair will continue declining targeting the level 0.9538.

The stability of these expectations requires the stability of the resistance level 0.9767.

Res: 0.9787 0.9816 0.9836
Pivot: 0.9767
Sup: 0.9738 0.9718 0.9689
](http://www.herosh.com)[IMG]

AUD/USD

Yesterday, the pair achieved some gains and succeeded to close above the level 1.0575 which represents 23.6% of Fibonacci’s correction level for the last bearish wave for the mid-term that led the pair to reach the resistance level 1.0660 to test it which represents 38.2% of the same Fibonacci’s correction level amid a bullish momentum which refers to more rising but under the condition of breaking the resistance level 1.0660 with stability above it, then it is expected to continue rising trying to test the resistance level 1.0725 which represents 50.0% of Fibonacci’s correction level that mentioned before.
The stability of these expectations requires the stability of the support level 1.0575.

Res: 1.0650 1.0699 1.0763
Pivot: 1.0586
Sup: 1.0537 1.0473 1.0424

[Success_gateway]

EUR/USD

After the EUR/USD pairrose previously to approaching 23.6% correction level for the bullish move from 1.3969 to 1.4696, to fall from this level during the previous short trades passing 38.2% level, which makes 50% level the pair next target represented by 50% correction level, and if the pair was able to break down this level it will target 61.8% level around 1.4246 price, but if 1.4332 level held it will push the pair to rise in order to retest 1.4420 level and 1.4524 represented by 38.2% and 23.6% correction levels

Res: 1.4498 1.4556 1.4616
Pivot: 1.4438
Sup: 1.4380 1.4320 1.4262
](http://www.herosh.com)[IMG]

GBP/ USD

Sterling continued rising against the U.S. dollar during yesterday trades till tested the bullish trendline that has been broken downside before however, this testing was mentioned through the last analysis, the pair formed a top at the testing area and has been pushed downside during the last intraday trades however, it is expected that the pair will continue declining targeting to test the support level 1.6302, this level is an important support level for near-term and if the pair broke it downside, the pair will continue declining targeting the level 1.6215 but with forming a bottom at this level means more rising targeting to re-test the resistance level 1.6440.

Res: 1.6422 1.6474 1.6508
Pivot: 1.6388
Sup: 1.6336 1.6302 1.6250
](http://www.herosh.com)[IMG]

USD/CHF

As was expected yesterday that the pair rose up targeting the resistance level 0.8453 which represents the bullish channel’s top border and that’s what the pair done whereas a bullish momentum has collected breaking the resistance level 0.8453 which represents the channel’s top border where the pair is now above this level which became the pair’s support level so it’s expected that the pair will continue rising targeting the resistance level 0.8544 and the stability above this level which gives the pair the chance to target the resistance level 0.8609 as a second target.
This scenario depends on the stability of the support level 0.8453.

Res: 0.8490 0.8527 0.8598
Pivot: 0.8419
Sup: 0.8382 0.8311 0.8274
](http://www.herosh.com)[IMG]

USD/CAD

As observed in the chart that after broking the bullish channel since last week, as was expected yesterday that the pair will target the support level 0.9640 which s now near it so it’s expected during the intraday trades that the pair will continue declining targeting by that the support level 0.9640 and the stability below this level which gives the pair the chance to target the support level 0.9538 as the second target.

This scenario depends on the stability of the pair below the resistance level 0.9691 which represents 38.2% Fibonacci retracement correction level for the bullish direction.

Res: 0.9741 0.9805 0.9839
Pivot: 0.9707
Sup: 0.9643 0.9609 0.9545
](http://www.herosh.com)[IMG]

AUD/USD

The pair continued rising yesterday as what was expected whereas the pair was able to broke the resistance level 1.0660 which represents 38.2% Fibonacci retracement correction level for the last bearish wave for the medium-term and it’s rising continued to test the resistance level 1.0725 which represents 50% from the same previous mentioned Fibonacci retracement correction level registering the highest price during yesterday trades at 1.0714.
It’s expected during the intraday trades that declining the pair are affected by the Purchasing power of the U.S. dollar movement but this scenario depends on confirming closing a good close below this level 1.0660 to expect targeting the pair the support level 1.0575 which represents 23.6% Fibonacci retracement correction level again.

This scenario depends on the stability of the resistance level 1.0725.

Res: 1.0741 1.0801 1.0888
Pivot: 1.0654
Sup: 1.0594 1.0507 1.0447

[Success_gateway]

EUR/USD

After the EUR/USD pairrose previously to approaching 23.6% correction level for the bullish move from 1.3969 to 1.4696, to fall from this level during the previous short trades passing 38.2% level, which makes 50% level the pair next target represented by 50% correction level, and if the pair was able to break down this level it will target 61.8% level around 1.4246 price, but if 1.4332 level held it will push the pair to rise in order to retest 1.4420 level and 1.4524 represented by 38.2% and 23.6% correction levels

Res: 1.4498 1.4556 1.4616
Pivot: 1.4438
Sup: 1.4380 1.4320 1.4262
](http://www.herosh.com)[IMG]

GBP/ USD

Sterling continued rising against the U.S. dollar during yesterday trades till tested the bullish trendline that has been broken downside before however, this testing was mentioned through the last analysis, the pair formed a top at the testing area and has been pushed downside during the last intraday trades however, it is expected that the pair will continue declining targeting to test the support level 1.6302, this level is an important support level for near-term and if the pair broke it downside, the pair will continue declining targeting the level 1.6215 but with forming a bottom at this level means more rising targeting to re-test the resistance level 1.6440.

Res: 1.6422 1.6474 1.6508
Pivot: 1.6388
Sup: 1.6336 1.6302 1.6250
](http://www.herosh.com)[IMG]

USD/CHF

As was expected yesterday that the pair rose up targeting the resistance level 0.8453 which represents the bullish channel’s top border and that’s what the pair done whereas a bullish momentum has collected breaking the resistance level 0.8453 which represents the channel’s top border where the pair is now above this level which became the pair’s support level so it’s expected that the pair will continue rising targeting the resistance level 0.8544 and the stability above this level which gives the pair the chance to target the resistance level 0.8609 as a second target.
This scenario depends on the stability of the support level 0.8453.

Res: 0.8490 0.8527 0.8598
Pivot: 0.8419
Sup: 0.8382 0.8311 0.8274
](http://www.herosh.com)[IMG]

USD/CAD

As observed in the chart that after broking the bullish channel since last week, as was expected yesterday that the pair will target the support level 0.9640 which s now near it so it’s expected during the intraday trades that the pair will continue declining targeting by that the support level 0.9640 and the stability below this level which gives the pair the chance to target the support level 0.9538 as the second target.

This scenario depends on the stability of the pair below the resistance level 0.9691 which represents 38.2% Fibonacci retracement correction level for the bullish direction.

Res: 0.9741 0.9805 0.9839
Pivot: 0.9707
Sup: 0.9643 0.9609 0.9545
](http://www.herosh.com)[IMG]

AUD/USD

The pair continued rising yesterday as what was expected whereas the pair was able to broke the resistance level 1.0660 which represents 38.2% Fibonacci retracement correction level for the last bearish wave for the medium-term and it’s rising continued to test the resistance level 1.0725 which represents 50% from the same previous mentioned Fibonacci retracement correction level registering the highest price during yesterday trades at 1.0714.
It’s expected during the intraday trades that declining the pair are affected by the Purchasing power of the U.S. dollar movement but this scenario depends on confirming closing a good close below this level 1.0660 to expect targeting the pair the support level 1.0575 which represents 23.6% Fibonacci retracement correction level again.

This scenario depends on the stability of the resistance level 1.0725.

Res: 1.0741 1.0801 1.0888
Pivot: 1.0654
Sup: 1.0594 1.0507 1.0447

[Success_gateway]

EUR/USD

After the EUR/USD pairfell previously to form a bearish wave (1.2.3) that pushed down the pair to target 1.4120 level that coincided with 76.4% correction level correction level for the bullish move from 1.3969 to 1.4696, as if the pair was able to hold below this level; it will continue falling targeting 1.4035 support level, but trading above this level will push the pair to rise in order to retest one of the resistance levels such as 1.4332 level represented by 50% correction level.

Res: 1.4367 1.4555 1.4661
Pivot: 1.4261
Sup: 1.4073 1.3967 1.3779
](http://www.herosh.com)[IMG]

GBP/ USD

Yesterday trades saw a strong decline for the GBP/USD pair, this declining was supported by raising the dollar against all the main currencies, the pair was pushed down breaking all the previous mentioned support borders, the support levels 1.6302 and 1.6215 were broken, a daily close below the support level 1.6215 has been achieved, so it’s expected that the bearish move will be continued during the next trades to target retesting the support level 1.6085.

This scenario depends on the stability of the resistance level 1.6302.

Res: 1.6327 1.6462 1.6542
Pivot: 1.6247
Sup: 1.6112 1.6032 1.5897
](http://www.herosh.com)[IMG]

USD/CHF

As was mentioned yesterday, the pair continued the corrective direction for the medium-term bearish direction which began from the level 0.8326 targeting 0.8542 that was mentioned yesterday. so it’s expected that the pair will continue rising till the resistance level 0.8609 which represents 50.0% Fibonacci retracement correction level for the bearish direction and the stability above this level, gives the pair the chance to target the resistance level 0.8678.

This scenario depends on closing the pair a good close above the resistance level 0.8542.

Res: 0.8573 0.8616 0.8682
Pivot: 0.8507
Sup: 0.8464 0.8398 0.8355
](http://www.herosh.com)[IMG]

USD/CAD

As observed in the chart, the pair is drawing a continuing pattern since yesterday trades, which is the flag complement pattern. so it’s expected that the pair will continue the bullish scenario during the intraday trades targeting the resistance level 0.9876 and the stability above this level gives the pair the chance to target the resistance level 0.9945 with remaining a probability of testing the support level 0.9769.

This scenario depends on closing the pair a good close above the resistance level 0.9804.

Res: 0.9852 0.9918 1.0010
Pivot: 0.9760
Sup: 0.9694 0.9602 0.9536
](http://www.herosh.com)[IMG]

AUD/USD

As it was expected through yesterday report, the pair declined supported by the huge bullish positions for the American Dollar during yesterday trades forming a harmonic pattern AB=CD in which the pair is moving now and the pair is in the range of the last wave CD which targets the support level 1.0465, so it is expected during the upcoming trades that the pair will continue declining targeting the support level 1.0465 but first it has to break the support level 1.0525 which represents the point B of the harmonic pattern.

These expectations requires the stability of the resistance level 1.0580.

Res: 1.0680 1.0785 1.0858
Pivot: 1.0607
Sup: 1.0502 1.0429 1.0324

[Success_gateway]

EUR/USD

The EUR/USD pair rose previously to retest the bearish trend line for the medium trades, forming the bearish harmonic pattern (AB=CD) which supposed to target 1.3913 level as the (D) point for the pattern, but in order to achieve that target 1.4325 resistance must held as the © point for the pattern and 1.4073 level must be broken as the (B) point for the pattern, but in case the pair tends to rise it must break the © point to rise targeting 1.4495 resistance in order to retest it.

Res: 1.4452 1.4540 1.4639
Pivot: 1.4353
Sup: 1.4265 1.4166 1.4078
](http://www.herosh.com)[IMG]

GBP/ USD

The pair remains the bearish direction for the short and medium periods, as the pair is forming a flag pattern that supports that direction, to lead the expectations for further falling with breaking the pattern bottom line, to target then the support level 1.6058, and if the pair was able to break this support it will continue falling targeting 1.5926 then 1.5756 represented by 127% and 161.8% continuous levels for the bullish move from 1.6058 to 1.6546.
This analyze requires the stability of the resistance levels 1.6195

Res: 1.6449 1.6496 1.6586
Pivot: 1.6359
Sup: 1.6312 1.6222 1.6175
](http://www.herosh.com)[IMG]

USD/CHF

As observed on the chart, the pair is trading for the medium and short- terms inside a bullish channel; the pair is now near the support level 0.8476 which represents the lower boarder for the channel. It is expected that the pair will continue rising targeting to retest the resistance level 0.8543 which represents 38.2% Fibonacci correction level, the stability above this level gives the pair the chance to continue rising to test the resistance level 0.8610 which coincides with the upper boarder of the channel with 50% Fibonacci mentioned level.

Res: 0.8766 0.8816 0.8845
Pivot: 0.8737
Sup: 0.8687 0.8658 0.8608
](http://www.herosh.com)[IMG]

USD/CAD

The USDCAD pair got out of the sideways channel and achieved the first target by reaching the resistance level 0.9881 but the pair failed to hold above this level and tried to retest the upper boarder of the channel at the support level 0.9814.
With the beginning of today’s trades, the pair rose again with the expectations of more rising during today’s intraday trades targeting the resistance level 0.9887 and the stability above this level gives the pair the chance to continue rising till the resistance level 0.9949
The stability of these expectations requires the stability of the pair above the support level 0.9814.

Res: 0.9672 0.9729 0.9764
Pivot: 0.9637
Sup: 0.9580 0.9545 0.9488
](http://www.herosh.com)[IMG]

AUD/USD

The pair remains the bearish direction for the short and medium trades specially after the pair rose during the last week trades targeting the resistance level 1.0620 to form the harmonic pattern (AB=CD) which the pair is moving through its last wave during the current trades (CD) which supposed to target the support level 1.0395, but in order to confirm that pattern the must break the support level 1.0475.
The stability of these expectations requires the stability of the resistance level 1.0580.

Res: 1.0844 1.0883 1.0957
Pivot: 1.0770
Sup: 1.0731 1.0657 1.0618

[Success_gateway]

EUR/USD

The EUR/USD pair rose previously to reach 50% correction level for the last bearish move from 1.4696 to 1.4074, around 1.4385 price, this came as a result for the news about the possibility of helping Greece solving its economic crisis, which supported the EUR with Investor optimism, as it is expected with breaking the current resistance, that the pair will continue rising targeting 1.4460 level, but in case 1.4385 level held it will push the pair to fall retesting 1.4310 represented by 38.2% level.

Res: 1.4356 1.4409 1.4492
Pivot: 1.4273
Sup: 1.4220 1.4137 1.4084
](http://www.herosh.com)[IMG]

GBP/ USD

Yesterday trades saw a further rise for the short-term inside the bearish flag pattern, whereas retesting the pair the pattern’s top border is observed coinciding with the level 1.6258 which represents 50% Fibonacci retracement correction level for the bearish direction (from 1.6440 to 1.6077), a negative (stochastic divergence pattern) is remained supports the bearish direction, if forming the top at the level 1.6258 is completed that’s means declining again to test the flag’s lower border which will be confirmed with breaking it’s lower border and in this case the pair will initially targeted till the level 1.6077, but breaking it above the level 1.6258 means getting it out from forming the supported bearish pattern to form a new bullish direction testing the resistance level 1.6440 again.

Res: 1.6253 1.6305 1.6378
Pivot: 1.6180
Sup: 1.6128 1.6055 1.6003
](http://www.herosh.com)[IMG]

USD/CHF

As it is noticed through this chart, yesterday the pair broke out the bullish channel at the level 0.8478 which represents the bottom border of the channel targeting the support level 0.8388expecting more declining targeting to re-test the support level 0.8388 as the first target followed by the level 0.8307 as second during intraday trades, with the probability of testing the resistance level0.8478 again.

The stability of these expectations requires the stability of the resistance level 0.8478.

Res: 0.8516 0.8571 0.8626
Pivot: 0.8461
Sup: 0.8406 0.8351 0.8296
](http://www.herosh.com)[IMG]

USD/CAD

The bullish direction is still dominating the trades of the pair as it re-correcting the bullish move and it is expected that the pair will continue declining during today’s intraday trades targeting the support level 0.9755 which represents 61.8% of Fibonacci’s correction level for the bullish direction and the stability of the pair below this level gives the pair the chance to target the support level 0.9722 which represents 76.4% of Fibonacci’s correction level followed by the support level 0.9669
The stability of these expectations requires breaking the support level 0.9755 with stability below it.

Res: 0.9836 0.9876 0.9904
Pivot: 0.9808
Sup: 0.9768 0.9740 0.9700
](http://www.herosh.com)[IMG]

AUD/USD

As observed in the chart that the pair is forming a symmetrical triangle pattern supported by the bearish direction, therefore it’s expected with breaking the lower border with the support level 1.532 the pair will continue declining initially targeting the level 1.0476, this bearish view didn’t rule out breaking the pattern’s top border with breaking the resistance level 1.0623 then the pair will continue rising testing the resistance level 1.0714 again.

Res: 1.0632 1.0684 1.0752
Pivot: 1.0564
Sup: 1.0512 1.0444 1.0392

[Success_gateway]

EUR/USD

The EUR/USD pair rose previously to pass 50% correction level for the last bearish move from 1.4696 to 1.4074, around 1.4385 price, which increases the possibilities of the bullish move for the pair targeting 1.4460 level represented by 61.8% correction level during the upcoming short trades, but the formation of a bullish wedge for the previous medium trades must be considered, as if the pair was able to break its bottom rib it will fall targeting 1.4310 support level coinciding with 38.2% correction in order to retest it.

Res: 1.4454 1.4497 1.4572
Pivot: 1.4379
Sup: 1.4336 1.4261 1.4218
](http://www.herosh.com)[IMG]

GBP/ USD

Yesterday trades came in a narrow range which reflected collecting the momentum price; the pair will use it to form the next trades direction, whereas the pair developed it’s direction to continue moving inside the bullish short-term channel, continuing the stability of the resistance level 1.6258 is also observed which represents 50% Fibonacci retracement correction level for the bearish direction (from 1.6440 to 1.6077), breaking this level up means beginning getting out of this bullish channel to reach the resistance levels up at 1.6301, 1.06354, continuing trading inside this bullish channel gives a probability on breaking it’s lower border to retest the support level 1.6077 again.

Res: 1.6276 1.6308 1.6363
Pivot: 1.6221
Sup: 1.6189 1.6134 1.6102
](http://www.herosh.com)[IMG]

USD/CHF

As observed in the chart that the pair is still trying to retest the support level 0.8394 which is unable to be stabile below it till now so it’s expected that during the intraday trades the pair will continue declining retesting the support level 0.8394 as the first target to get out of this bullish channel then trying to reach the support level 0.8301 as the second target with the probability of retesting the resistance level 0.8478 again.

This scenario depends on the stability of the resistance level 0.8478.

Res: 0.8444 0.8485 0.8507
Pivot: 0.8422
Sup: 0.8381 0.8359 0.8318
](http://www.herosh.com)[IMG]

USD/CAD

As observed in the chart that the pair formed the bearish momentum price since yesterday’s trading beginning till the end so it’s expected that continuing correcting the bullish direction whereas the pair is trying now to break the support level 0.9723 which represents 38.2% Fibonacci retracement correction level for the bullish direction if the pair is able to break this level and the stability below it so the pair will target the support level 0.9669 which represents 50% Fibonacci retracement correction level for the same previous mentioned bullish direction then the support level 0.9616 which represents 61.8% from the same previous mentioned Fibonacci retracement levels.

This scenario depends on the stability of the pair below the support level 0.9723.

Res: 0.9836 0.9876 0.9904
Pivot: 0.9808
Sup: 0.9768 0.9740 0.9700
](http://www.herosh.com)[IMG]

AUD/USD

The pair is still moving inside the symmetric triangle pattern whereas it tried to exit this pattern by breaking the resistance level 1.0623 which represents 61.8% of Fibonacci’s correction level and if the pair succeeded to break it with stability above it the pair will target the resistance level 10.657 which represents 76.4% of Fibonacci’s correction level, but if the pair failed to break the resistance level 1.0623 it will try to re-test the support level 1.0532 at which the bottom border of the pattern coincides with 23.6% of Fibonacci’s correction level

Res: 1.0637 1.0671 1.0724
Pivot: 1.0584
Sup: 1.055 1.0497 1.0463

[Success_gateway]

EUR/USD

The EUR/USD pair rose previously to pass 50% correction level for the last bearish move from 1.4696 to 1.4074, around 1.4385 price,to face 61.8% correction level during the previous trades forming a bearish wedge that the pair was able to break its bottom line previously, causing the pair falling to break 50% level and to trade under 38.2% level, leading the expectation for further falling to target 1.4220 level represented by 23.6% correction level, then 1.4140 as the pattern final target, but if the pair traded above 1.4310 level it will rise to retest 1.4385 resistance level.

Res: 1.4416 1.4477 1.4514
Pivot: 1.4379
Sup: 1.4318 1.4281 1.4220
](http://www.herosh.com)[IMG]

GBP/ USD

Yesterday trades saw forming a medium-term bearish top at the resistance level 1.6260 by coinciding with the bullish channel top border for the short-term and this top pushed the pair as what was expected in the previous report to break the channel’s lower border, the bearish move is continued till the pair reached the support level 1.6077 which represents the targeted price to get out of this channel, during rising and forming a bearish top for the medium-term the pair is forming the AB=CD harmonic pattern, whereas it represents the resistance level 1.6260 and the C point and the support level 1.6077 which represents the B point whereas the last trades are below it so it’s expected that the bearish move will be continued to reach the support level 1.5895 which represents the complement D point for the harmonic pattern.

This scenario depends on the stability of the resistance level 1.06147.

Res: 1.6199 1.6329 1.6398
Pivot: 1.6130
Sup: 1.6000 1.5931 1.5801
](http://www.herosh.com)[IMG]

USD/CHF

The bullish direction is still dominant the pair’s direction for the short-term whereas the pair is re-correcting the bearish direction for the medium-term so it’s expected that the pair will continue rising during the intraday trades whereas the pair will target the resistance level 0.8445 which represents 50% Fibonacci retracement correction level for the bearish direction and the stability above this level which gives the pair the chance to target the resistance level 0.8470 which represents 61.8% from the same previous Fibonacci retracement levels.

This scenario depends on the stability of the resistance level 0.8419 and closing above it a good close.

Res: 0.8435 0.8478 0.8526
Pivot: 0.8387
Sup: 0.8344 0.8296 0.8253
](http://www.herosh.com)[IMG]

USD/CAD

As observed in the chart that the pair is forming a pattern through yesterday trades which is the flag complement pattern for the bearish direction so it’s expected that the pair will decline during the intraday trades targeting the support level 0.9654 and the stability below it gives the pair the chance to target the support level 0.9580 with the probability of testing the pair the resistance level 0.9760.

This scenario depends on closing the pair a good close below the support level 0.9726

Res: 0.9757 0.9780 0.9809
Pivot: 0.9728
Sup: 0.9705 0.9676 0.9653
](http://www.herosh.com)[IMG]

AUD/USD

As it is noticed through this chart, the pair is moving inside a bearish channel for the near and mid-term, the pair now is facing the support level 1.0539 so it is expected that the pair will continue declining targeting the support level 1.0431 which represents the bottom border of the channel but under the condition of breaking the support level 1.0539 with stability below it, but in the case that the pair held steady above this level, it will re-test the resistance level 1.0628 which represents the top border of the channel.

Res: 1.0626 1.0680 1.0711
Pivot: 1.0595
Sup: 1.0541 1.0510 1.0456

[Success_gateway]

EUR/USD

The EUR/USD pair fell previously reaching after forming a top at the resistance level 1.4306, to form the harmonic pattern (AB=CD) that supposed to push down the pair to target 1.3970 level as the expected (D) point for the pattern, but if the pair must hold below 1.4127 level represented by (B) point for the pattern, and if the pair was able to trade above 1.4127 level it will rise retesting 1.4306 level.

Res: 1.4137 1.4151 1.4165
Pivot: 1.4123
Sup: 1.4109 1.4095 1.4081
](http://www.herosh.com)[IMG]

GBP/ USD

As observed in the chart, the GBP/USD pair continued forming the bearish CD rib for the AB=CD harmonic pattern whereas the pair formed a new bearish top during the end of last week trades at the resistance level 1.6028, pushed down from it till the support level 1.5964, with this week trades opening the pair was able to broke the support level 1.5964 down achieving the lowest Asian trades price at 1.5913 nearest the level 1.5895 which represents the complement D point for the harmonic pattern, so it’s expected that the formed bottom at the level 1.5913 has completed forming the CD rib, it’s expected that the pair will begin forming the corrective bullish direction initially retesting the level 1.6077, this correction move will be confirmed with breaking the resistance level 1.5964 and the good close above it.
This scenario depends on the stability of the support level 1.5895

Res: 1.6020 1.6079 1.6114
Pivot: 1.5985
Sup: 1.5926 1.5891 1.5832
](http://www.herosh.com)[IMG]

USD/CHF

The bearish direction for long-term and intraday levels is still dominating the trades of the pair as the pair is moving inside a bearish channel and it started this week trades with a price gap testing the important support level 0.8328 then it reflected up to close this gap and move around the level 0.8373.
Generally, the movement of the pair inside a bearish channel led to the expectation that the pair will continue declining but it is recommended to do not have any bearish positions while the support level 0.8328 is holding stable and if the pair succeeded to close below this level, declining the pair will be confirmed targeting the support level 0.8215.

Res: 0.8400 0.8425 0.8457
Pivot: 0.8368
Sup: 0.8343 0.8311 0.8286
](http://www.herosh.com)[IMG]

USD/CAD

The pair is still moving inside a bullish channel for long-term and the bullish wave that started at the support level 0.9700 is still moving upside till reached the area of testing the top border of the bullish channel so it is expected that the pair will form a top at the testing area that will force the pair to decline to re-test the nearest support levels trying to form a bullish bottom in the area between the level 0.9858 and 0.9821, forming a bullish bottom at this area means more rising to test the level 0.9896 and if the pair succeeded to break the bearish trendline means the beginning of forming a bullish move will target primarily the level 1.0018.
The stability of these expectations requires the stability of the support level 0.9821.

Res: 0.9917 0.9959 1.0033
Pivot: 0.9843
Sup: 0.9801 0.9727 0.9685
](http://www.herosh.com)[IMG]

AUD/USD

Observing the AUD/USD, the pair remains the bearish direction for the medium and long trades, as the pair was able to fall from the resistance level 1.0595 to break 1.0475, leading the expectations for further falling by the stability of 1.0475 level, targeting the support level 1.0315, as if the pair traded back above 1.0475 level it might rise in order to retest 1.0595 resistance that may coincide with the bearish trend line for the previous long trades.

Res: 1.0564 1.0639 1.0639
Pivot: 1.0524
Sup: 1.0449 1.0409 1.0334

[Success_gateway]

EUR/USD

The EUR/USD formed a bottom previously at the support level 1.4105 to rise from this level approaching 38.2% correction level for the bearish move from 1.4940 to 1.3968 with the bearish trend line for the previous long trades, as if these resistances held it will push the pair to fall targeting 1.4198 price that coincide with 23.6% correction level then the previous bottom 1.4105, but the breaking of 1.4340 resistance will bring more rising for the pair targeting 1.4455 resistance that coincide with 50% correction level.

Res: 1.4351 1.4415 1.4539
Pivot: 1.4227
Sup: 1.4163 1.4039 1.3975
](http://www.herosh.com)[IMG]

GBP/ USD

Yesterday trades came in a narrow range which reflects collecting the momentum price, the GBP/USD pair will use it in forming the next direction, whereas it’s expected that the AB=CD harmonic pattern will be completed by reaching the level 1.5913 which means that the next movement will form the bullish short-term corrective direction, this scenario will be confirmed by the intraday probability of forming the head and shoulders reflective pattern will be remained by breaking the neckline and also the resistance level 1.6010 then the pair will continue rising reaching the area between the resistance level 1.6077 and the level 1.6120 which represents the targeted price for the probable pattern, in case of breaking the support level 1.5913 and also breaking the level 1.5895 the pair will continue forming the bearish direction for the medium-term reaching the level 1.5781 which represents 261.8% Fibonacci retracement continuous level for the BC rib.

Res: 1.6028 1.6067 1.6125
Pivot: 1.5970
Sup: 1.5931 1.5873 1.5834
](http://www.herosh.com)[IMG]

USD/CHF

As it is noticed through this chart, the pair is trading inside a bearish channel for short and mid-term and now it is around the resistance level 0.8363 which represents the top border of the channel but it is expected that the pair will continue declining targeting the support level 0.8282 which represents the bottom border of the channel.

The stability of these expectations requires the stability of the pair below the resistance level 0.8363.

Res: 0.8384 0.8417 0.845
Pivot: 0.8351
Sup: 0.8318 0.8285 0.8252
](http://www.herosh.com)[IMG]

USD/CAD

As it is noticed through this chart, the pair is correcting its bullish move as it is expected that it will decline for near-term and intraday levels targeting the support level 0.9861 which represents 23.0% of Fibonacci’s correction level for the bullish move and if the pair was able to be stable below this level, it may target the support level 0.9830 which represents 38.0% of Fibonacci’s correction level and if it succeeded to be stable below this level, it may target the resistance level 0.9806 which represents 50.0% of Fibonacci’s correction level.

The stability of these expectations depends on breaking the support level 0.9861 with stability below it.

Res: 0.9894 0.9930 0.9949
Pivot: 0.9875
Sup: 0.9839 0.9820 0.9784
](http://www.herosh.com)[IMG]

AUD/USD

The bearish direction is still on the medium and the short-terms especially, as expected for the pair through the pervious reports, the priced had already declined affected by forming the AB=CD harmonic pattern which targets the support level 1.0405 to complete the last CD rib, then it will reflect after testing it up trying to test the AC trend line, so it’s expected that there’s a probability on reflecting the price a correction reflect up targeting the resistance level 1.0530 during the intraday levels.

This scenario depends on the stability of the support level 1.0405.

Res: 1.0488 1.0535 1.0584
Pivot: 1.0439
Sup: 1.0392 1.0343 1.0296

[Success_gateway]

EUR/USD

The EUR/USD pair rose yesterday breaking the medium bearish trend line and trading above 1.4340 level that represents 38.2% correction level for the bearish move from 1.4940 to 1.3968, to lead the expectations for further rising for the pair targeting the resistances 1.4455 represented by 50% correction level then 1.4570 represented by 61.8% correction level, which requires the stability of the current support level 1.4340.

Res: 1.4431 1.4493 1.4590
Pivot: 1.4334
Sup: 1.4272 1.4175 1.4113
](http://www.herosh.com)[IMG]

GBP/ USD

Yesterday trades saw retesting the support level 1.5913 to form a new bottom which is the second consecutive bottom at the same level, one of the conditions will be available which is remaining the (double consecutive bottoms) reflective pattern for the bearish direction, breaking the resistance level 1.6010 is the last condition the last condition which represents the pattern’s top, so it’s expected during the last intraday trades that the pair will try to break this level, if breaking this level is confirmed so the pair will continue rising to reach the pattern’s targeted price by reaching the level 1.6114 which represents at the same time 38.2% Fibonacci retracement correction level for the bearish direction (from 1.6440 to 1.5913), the target price area also represents the testing bearish trend line area for the medium-term which gives the strength for the bullish expected scenario during the next trades.

This scenario depends on the stability of the support level 1.5913.

Res: 1.6058 1.6116 1.6190
Pivot: 1.5984
Sup: 1.5926 1.5926 1.5794
](http://www.herosh.com)[IMG]

USD/CHF

As it is noticed in this chart, the pair is still moving inside a near and mid-term bearish channel, after the pair reached the expected target at the support level 0.8282 it failed to be stable below it and reflected upside trying to target the resistance level 0.8340 which represents the top border of the channel, if the pair succeeded to break this level with stability above it it will target the resistance level 0.8383 and if the pair was able to be stable above this level it will target the resistance level 0.8427.

The stability of these expectations requires the stability of the pair above the support level 0.8275.

Res: 0.8359 0.8400 0.8443
Pivot: 0.8316
Sup: 0.8275 0.8232 0.8191
](http://www.herosh.com)[IMG]

USD/CAD

As it was expected through the previous analysis, the pair is in a correction stage to the bearish move for near and mid-term, the pair reached all expected targets then it broke the support level 0.9806 so it is expected that the pair will continue correcting this move targeting the support level 0.9781 which represents 61.8% of fibonacci’s correction level for the bullish direction and if the pair broke this level with stability below it, the pair will continue declining targeting the level 0.9752 which represents 76% of the same fibonacci’s correction levels and if the pair succeeded to break this level with stability below it will target the support level 0.9700 that regarded as the point that it will rise from.

The stability of these expectations requires the stability of the resistance level 0.9806.

Res: 0.9858 0.9906 0.9931
Pivot: 0.9833
Sup: 0.9785 0.9760 0.9712
](http://www.herosh.com)[IMG]

AUD/USD

The bearish direction is still dominating the trades of the pair for near and mid-term and as it was expected yesterday the pair rose targeting the resistance level 1.0530 and succeeded to break it with stability below then tried to reach the resistance level 1.0600 to test it, this level is an important level as it coincides with testing the top border of the bearish channel in which the pair is moving for near-term and intraday levels so it is expected that, this level will hold stable against the price testing and then the pair will reflect downside targeting to re-test the support level 1.0530.

The stability of these expectations requires the stability of the resistance level 1.0600.

Res: 1.0576 1.0613 1.0684
Pivot: 1.0505
Sup: 1.0468 1.0397 1.0360

[Success_gateway]

EUR/USD

The EUR/USD pair rose yesterday breaking the medium bearish trend line approaching 1.4570 resistance level that coincide with 61.8% correction level for the bearish move from 1.4940 to 1.3968, as if this level held it will push down the pair to fall searching to retest a good support level such as 1.4455 that represent 50% correction level then 1.4340 that represent 38.2% correction level, but breaking up 1.4570 resistance will push the pair for further rising targeting 1.4711 resistance level that represent 76.4% correction level.

Res: 1.4474 1.4515 1.4583
Pivot: 1.4406
Sup: 1.4365 1.4297 1.4256
](http://www.herosh.com)[IMG]

GBP/ USD

As it was expected through yesterday analysis, the pair succeeded to break the resistance level 1.6010 upside, this level was represent the top of the double bottom pattern, the pair continued rising during yesterday trades achieving the highest price at the level 1.6073, during the trades of the Asian session the pair succeeded to break the level 1.6073 to reach the level 1.6114 which represents the target of breaking out the pattern and represents 38.2% of fibonacci’s correction level for the bearish move (from 1.6440 to 1.5913) this target coincides with the testing area of the bearish trendline for mid-term so it is expected that the pair will correct its last bullish wave by declining to re-test the support level 1.6010 but if the pair broke the bearish trendline and the level 1.6114 upside, it will rise for short-term targeting to reach the resistance level 1.6239.

Res: 1.6099 1.6138 1.6203
Pivot: 1.6034
Sup: 1.5995 1.5930 1.5891
](http://www.herosh.com)[IMG]

USD/CHF

The USD/CHF pair didn’t continue trading above the resistance level 0.8318 whereas it formed a top which gives a signal for a short-term bullish direction which forced the pair to get in the bearish channel again but it’s observed that the pair is ready to break the resistance level 0.8318 which represents the channel’s top border whereas it’s expected during the next intraday trades that the pair will retest the resistance level 0.8356 and the stability above it which gives the chance for the pair to target the resistance level 0.8416.

This scenario depends on closing the pair a good close above the resistance level 0.8318.

Res: 0.8374 0.8407 0.8446
Pivot: 0.8335
Sup: 0.8302 0.8263 0.8230
](http://www.herosh.com)[IMG]

USD/CAD

As observed in the chart that the pair was unable to move inside the bullish channel whereas the pair had left the bullish channel which has formed for the medium and short-terms, whereas yesterday’s trades saw a sharp momentum declining till the pair broke the support level 0.9716 which represents the channel’s lower border so a further drop is expected during the next intraday trades targeting the support level 0.9617 as the first target and the stability below this level which gives the chance on declining the pair to target the support level 0.9518 as the second target with remaining retesting the pair to the resistance level 0.9716.

This scenario depends on the pair’s stability below the resistance level 0.9716.

Res: 0.9698 0.9718 0.9734
Pivot: 0.9682
Sup: 0.9662 0.9646 0.9626
](http://www.herosh.com)[IMG]

AUD/USD

Yesterday, the pair succeeded to achieve more gains as it broke the resistance level 1.0600 which represents the top border of the bearish channel in which the pair was trading for near-term which led to pushing the pair upside breaking the resistance level 1.0710 to trade above it now so it is expected that the pair will continue rising targeting the resistance level 1.0805 as the target of breaking out this channel.

The stability of these expectations requires the stability of the support level 1.0710.

Res: 1.0737 1.0794 1.0904
Pivot: 1.0627
Sup: 1.0570 1.0460 1.0403

[Success_gateway]

EUR/USD

The pair continued rising during the trades of the last week reaching the resistance level 1.4550 which represents 76.4% of fibonacci’s correction level for the last mid-term bearish wave forming a gartley harmonic pattern, this level is important because it is supposed to be the end of this negative pattern this led to the expectation that if this level held against the pair testing it will reflect but any bullish position are no recommended until the pair broke the support level 1.4470 during today’s intraday trades with stability below it, if this expectation confirmed the pair will decline targeting the support level 1.4290 which represents 61.87% of fibonacci’s correction level for the wave CD.

The stability of these expectations requires the stability of the resistance level 1.4550.

Res: 1.4574 1.4619 1.4688
Pivot: 1.4505
Sup: 1.4460 1.4391 1.4346
](http://www.herosh.com)[IMG]

GBP/ USD

The trades of the pair during the end of the last week were in a narrow range and reflect collecting a momentum that the pair will use it to form the upcoming direction, the next direction which tends to be bullish will be determined with the confirmation of breaking up the resistance level 1.6114 which represents 38.2% of fibonacci’s correction level for the bearish move (From 1.6440 to 1.5913) then the pair will target the next resistance levels 1.6176 and 1.6239, but if the pair broke downside the support level 1.6010 it will continue declining targeting the support level 1.5913 again.

Res: 1.6113 1.6157 1.6220
Pivot: 1.6050
Sup: 1.6006 1.5943 1.5899
](http://www.herosh.com)[IMG]

USD/CHF

After reaching the pair the mentioned targets since getting it out from the bearish channel but the pair didn’t reach the resistance level 0.8550 which is the beginning point on forming this channel whereas the pair formed a reflective pattern during the previous week for the bullish direction whereas it closed below the resistance level 0.8487 which represents 76.4% Fibonacci retracement correction level for the bearish direction so it’s expected during the intraday trades that the pair will continue declining targeting the support level 0.8445 which represents 61.8% from the same previous mentioned Fibonacci retracement correction level and if the pair is able to be stabile below this level so it will target the support level 0.8414 which represents 50.0% from the same previous mentioned Fibonacci retracement levels.

This scenario depends on the pair’s stability below the resistance level 0.8478.

Res: 0.8535 0.8593 0.8661
Pivot: 0.8467
Sup: 0.8409 0.8341 0.8283
](http://www.herosh.com)[IMG]

USD/CAD

The pair was able to reach the previous mentioned targets since getting it out from the bullish channel whereas the pair was also able to be stabile below the support level 0.9623 which represents 61.6% Fibonacci retracement correction level for the bullish direction so it’s expected that the pair will continue declining targeting the support level 76.4% from the same mentioned Fibonacci retracement levels, and the stability below this level which will give the pair the preference to reach the support level 0.9445 which is the pair’s starting point up.

This scenario depends on the pair’s stability below the resistance level 0.9623.

Res: 0.963 0.9675 0.9701
Pivot: 0.9604
Sup: 0.9559 0.9533 0.9488
](http://www.herosh.com)[IMG]

AUD/USD

As expected during last week trades end, the pair rose during it’s trying to target the resistance level 1.0805 which is the targeted price to get out from this bearish channel which the pair was moving inside it for the short-term which has been approached to achieve this target immensely achieving the highest price during the previous Friday trades at 1.0788 then reflects from it down retesting the support level 1.0710.
Continuing the support level 1.0710 stability against it’s trying the pair to break it means continuing this bullish wave for the short-term and also the pair’s ability on trying reaching the resistance level 1.0805.
but in case of breaking the support level 1.0710 that means declaring ending this bullish wave for the short-term and declining the pair targeting the support level 1.0600 which coincides with retesting the bearish channel’s top border.

Res: 1.0820 1.0862 1.0936
Pivot: 1.0746
Sup: 1.0704 1.0630 1.0588

[Success_gateway]

Tuesday 5th of July 2011 GIGFX Technical Analysis Report

EUR/USD

The pair continued rising during the trades of the last week reaching the resistance level 1.4570 which represents 76.4% of fibonacci’s correction level for the last mid-term bearish wave forming a Gartley harmonic pattern, this level is supposed to be the end of this negative pattern which coincides with 61.8% correction level for the bearish move from 1.4940 to 1.3968 leading the expectations for a possible declining that will be confirmed by breaking the support level 1.4455 represented by 50% correction level targeting 1.4340 represented by 38.2% correction, but if the pair was able to trade above 1.4570 level it will rise to target 1.4711 resistance that represents 76.4% correction level.

The stability of these expectations requires the stability of the resistance level 1.4570.

Res: 1.4579 1.4618 1.4660
Pivot: 1.4537
Sup: 1.4498 1.4456 1.4417
](http://www.herosh.com)[IMG]

GBP/ USD

The pair registered the highest price of yesterday trades at the level 1.6138 whereas the pair continued rising for near-term trades, correcting its bearish move for near and mid-term trades, despite of the rising of the pair, it failed to close above the resistance level 1.6114 forming a top that pushed the pair to decline again to re-test the nearest support levels, the pair is targeting the support level 1.6010 after breaking the bottom border of the bullish channel which was forming its near-term trades. It is expected that if the pair succeeded to break the support level 1.6010 with stability below, it will decline targeting to re-test the support level 1.5913 again.

The stability of these expectations requires the stability of the resistance level 1.6114.

Res: 1.6129 1.6176 1.6214
Pivot: 1.6091
Sup: 1.6044 1.6006 1.5959
](http://www.herosh.com)[IMG]

USD/CHF

Yesterday trades for the pair USD/CHF were in a confusion area that has been formed for near and mid-term trades between the support level 0.8470 which represents the bottom border of the confusion area and the resistance level 0.8500 which represents its top border, so if the pair broke the resistance level 0.8500 it will target the resistance level 0.8534 but if it broke the support level 0.8470 it will target the support level 0.8437.

Res: 0.8499 0.8520 0.8538
Pivot: 0.8481
Sup: 0.8460 0.8442 0.8421
](http://www.herosh.com)[IMG]

USD/CAD

As it is noticed in this chart, the pair formed the inverted flag pattern which continues the bearish direction so it is expected to continue declining targeting the support level 0.9598 and if the pair broke this level it will target the support level 0.9560 and if it was able to be stable below this level it will target the support level 0.9520.

The stability of these expectations requires the stability of the pair below the support level 0.9598.

Res: 0.9623 0.9638 0.9661
Pivot: 0.9600
Sup: 0.9585 0.9562 0.9547
](http://www.herosh.com)[IMG]

AUD/USD

The support level 1.0710 was unable to be stabile but retesting the price for it declined the pair during the Asian period then it was able to break the support level 1.0600 which coincides with retesting the bearish channel’s top border which the price were moving inside it during the previous trades with remaining the probability of retesting the level 1.0710 as an important resistance level during the intraday trades.

This scenario depends on the stability of the resistance level 1.0710.

Res: 1.0773 1.0815 1.0846
Pivot: 1.0742
Sup: 1.0700 1.0669 1.0627

[Success_gateway]

Wednesday 6th of July 2011 GIGFX Technical Analysis Report

EUR/USD

As mentioned through the previous report that the EUR/USD pair continued rising during the trades of the last week reaching the resistance level 1.4570 which represents 76.4% of fibonacci’s correction level for the last mid-term bearish wave forming a Gartley harmonic pattern, this level is supposed to be the end of this negative pattern which coincides with 61.8% correction level for the bearish move from 1.4940 to 1.3968 which reflected the bullish move leading the pair to fall facing 1.4455 level currently coinciding with 50% correction level, as if the pair was able to trade below this level it will continue falling targeting 1.4340 that coincide with 38.2% correction level, but if the pair traded above 1.4455 level it will continue rising in order to retest 1.4570 resistance.

Res: 1.4521 1.4614 1.4676
Pivot: 1.4459
Sup: 1.4366 1.4304 1.4211
](http://www.herosh.com)[IMG]

GBP/ USD

It is noticed through this chart that the pair has reflected the formed confusion area during the last near-term trades, this confusion area formed through the rectangle pattern as the resistance level 1.6114 represents the top border and the support level 1.6010 represents the bottom border so it is expected that the pair will continue moving in the same direction of breaking any border of the rectangle pattern it means that if the pair broke the support level 1.6010 downside the pair will decline targeting the level 1.5913 which represents the target of the pattern in this bearish case, and if the pair broke the resistance level 1.6114 it will rise targeting the resistance level 1.6239 which represents the target of the pattern in this bullish case.

Res: 1.6127 1.6194 1.6263
Pivot: 1.6058
Sup: 1.5991 1.5922 1.5855
](http://www.herosh.com)[IMG]

USD/CHF

During yesterday trades the pair was able to get out of the previous mentioned confined area trying to correct the bullish direction whereas the pair achieved yesterday targets so it’s expected that the pair will continue declining targeting the support level 0.8399 which represents 61.8% Fibonacci retracement correction level for the bullish direction and the stability below it which gives the chance for the pair to continue declining targeting the support level 0.8334 which represents 76.4% from the same previous mentioned Fibonacci retracement levels but the pair must close a good close below the support level 0.8399 which represents 50.0% from the same previous mentioned Fibonacci retracement levels.

Res: 0.8479 0.8553 0.8601
Pivot: 0.8431
Sup: 0.8357 0.8309 0.8235
](http://www.herosh.com)[IMG]

USD/CAD

As observed in the chart that, the USD/CAD pair is trading inside the bullish channel, the pair is raising a relative rise trying to correct the bearish direction so it’s expected that the pair will continue rising targeting the resistance level 0.9651 which coincides at it the channel’s top border with 23.6%^Fibonacci retracement correction level for he bearish direction and breaking this level gives the pair the chance to continue rising to target the 0.9696 level which represents 38.2% from the same previous mentioned Fibonacci retracement levels with the probability of retesting the support level 0.9604 which represents the channel’s top border.

This scenario depends on the stability of the pair above the support level 0.9604.

Res: 0.9649 0.9668 0.9697
Pivot: 0.9620
Sup: 0.9601 0.9572 0.9553
](http://www.herosh.com)[IMG]

AUD/USD

The last bullish move is weakening for near-term trades and intraday levels whereas the pair formed a head and shoulders pattern which reflects this bullish move and if the price succeeded to complete this pattern by breaking the support level 1.0660 which represents the neckline of the pattern it will decline targeting the support level 1.0600 followed by the support level 1.0545.

The stability of these expectations requires the stability of the resistance level 1.0730.

Res: 1.0735 1.0781 1.0817
Pivot: 1.0699
Sup: 1.0653 1.0617 1.0571

[Success_gateway]

EUR/USD

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

Res: 1.4427 1.4536 1.4607
Pivot: 1.4356
Sup: 1.4247 1.4176 1.4067
](http://www.herosh.com)[IMG]

GBP/ USD

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

Res: 1.6079 1.6155 1.6221
Pivot: 1.6013
Sup: 1.5937 1.5871 1.5795
](http://www.herosh.com)[IMG]

USD/CHF

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

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

Res: 0.8436 0.8479 0.8515
Pivot: 0.84
Sup: 0.8357 0.8321 0.8278
](http://www.herosh.com)[IMG]

USD/CAD

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

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

Res: 0.9666 0.9673 0.9685
Pivot: 0.9654
Sup: 0.9647 0.9635 0.9628
](http://www.herosh.com)[IMG]

AUD/USD

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

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

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

[Success_gateway]

Friday 8th of July 2011 GIGFX Technical Analysis Report

EUR/USD

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

This analyze requires the stability of the support level 1.4290

Res: 1.6079 1.6155 1.6221
Pivot: 1.4319
Sup: 1.4264 1.4166 1.4111
](http://www.herosh.com)[IMG]

GBP/ USD

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

Res: 1.6011 1.6050 1.6083
Pivot: 1.5978
Sup: 1.5939 1.5906 1.5867
](http://www.herosh.com)[IMG]

USD/CHF

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

Res: 0.8498 0.8553 0.8613
Pivot: 0.8438
Sup: 0.8383 0.8323 0.8268
](http://www.herosh.com)[IMG]

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

Res: 0.9643 0.9703 0.9741
Pivot: 0.9605
Sup: 0.9545 0.9507 0.9447

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

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

[Success_gateway]

EUR/USD

The EUR continued its falling against the USD affected by the EURO zone debt crises, as the pair fell strongly to break all the expected support levels previously, leading the expectations for further falling during today’s trades after it was able to break the support level 1.3980 during the Asian period, which represents 127% continuous level for the last bullish wave for the short trades, to continue falling targeting 1.3815 level that represents 161.8% continuous level for the same wave then 1.3635 support level.
This analyze requires the stability of the resistance level 1.4030

Res: 1.4175 1.4321 1.4416
Pivot: 1.4080
Sup: 1.3934 1.3839 1.3693
](http://www.herosh.com)[IMG]

GBP/ USD

As expected through yesterday report, the GPB/USD pair was able to pass the support level 1.5930 and 1.5911 announcing its continuation for the bearish direction for the long and short periods, the pair fell to reach the area between 1.5850 level that represents 127% continuous level for the bullish direction from 1.5911 to 1.6138 and 1.5840 that represents 161.8% continuous level for the bullish direction from 1.5930 to 1.6080, as if the pair was able to form a bottom at this area it will rise in order to retest the resistance level 1.5930, but passing down this area with a good close will push down the pair for further falling targeting 1.5771 level that represents 161.8% continuous level for the bullish direction from 1.5911 to 1.6138.
This analyze requires the stability of the resistance level 1.5930

Res: 1.6004 1.6102 1.6164
Pivot: 1.5942
Sup: 1.5844 1.5782 1.5684
](http://www.herosh.com)[IMG]

USD/CHF

As it was expected through yesterday report, the pair declined already targeting the support level 0.8333 which represents 76.4% of fibonacci’s correction level for the last bullish wave for near-term trades and then the pair reflected upside inside that bearish channel downside expecting more rising during today’s trades targeting the resistance level 0.8460 gaining the needed momentum from the formed bottom at the support level 0.8333.
The stability of these expectations requires the stability of the support level 0.8333.

Res: 0.8386 0.8415 0.8443
Pivot: 0.8358
Sup: 0.8329 0.8301 0.8272
](http://www.herosh.com)[IMG]

USD/CAD
The pair succeeded to achieve the mentioned targets of the double bottom pattern during yesterday trades so it is expected that during the upcoming intraday trades the pair will continue correcting its bearish direction continuing its bullish move as the pair now is facing the resistance level 0.9738 which represents 50.0% of fibonacci’s correction level for the bearish direction, if the pair succeeded to be stable above this level it will continue rising targeting the resistance level 0.9778 which represents 61.8% of fibonacci’s correction level followed by the resistance level 0.9830 which represents 76.4% of fibonacci’s correction level.
The stability of these expectations requires the stability of the pair above the resistance level 0.9738.

Res: 0.9715 0.9745 0.9796
Pivot: 0.9664
Sup: 0.9634 0.9583 0.9553
](http://www.herosh.com)[IMG]

AUD/USD
As it is noticed through this chart and during yesterday trades, the pair succeeded to achieve the expected targets in the last analysis for the double bottom pattern so during the upcoming trades it is expected that the pair will continue correcting its bullish direction whereas, now the pair is trying to break the resistance level 1.0588 which represents 50.0% of fibonacci’s correction level for the bullish direction and if the pair succeeded to be stable below this level it will continue declining targeting the support level 1.0543 which represents 61.8% of fibonacci’s correction level followed by the support level 1.0484 which represents 76.4% of the same mentioned fibonacci’s correction level.
The stability of these expectations requires the stability of the pair below the resistance level 1.0588.

Res: 1.0712 1.0772 1.0813
Pivot: 1.0671
Sup: 1.0611 1.0570 1.0510

[Success_gateway]

EUR/USD

As was expected yesterday; the EUR/USD pair fell trying to target the support level 1.3815 to register 1.3837 as the lowest price reflecting from this level in order to correct the previous bearish move which expects to be continued for today trades targeting the resistance level 1.4105 in order to form a new top that may push back the pair to fall again, but if the pair was able to close above this level it will target 1.4160.

Res: 1.4278 , 1.4181 , 1.4302
Pivot: 1.3957
Sup: 1.3854 1.3733 1.3630
](http://www.herosh.com)[IMG]

GBP/ USD

The pair added more declining yesterday passing down the support level 1.5930 to register 1.5781 as the lowest price approaching the expected support level that mentioned yesterday 1.5771 that represents 161.8% continuous level for the bullish move from 1.5911 to 1.6138, to form a bottom at this level that pushed the pair to rise passing 1.5964 that represents 61.8% correction level for the bearish move from 1.6077 to 1.5781, if the pair was able to pass this level it will lead it for further rising targeting the resistance level 1.6007 that coincides with the bearish trend line for the medium and long periods.

Res: 1.5978 , 1.6045 , 1.6144
Pivot: 1.5879
Sup: 1.5812 , 1.5713 , 1.5646
](http://www.herosh.com)[IMG]

USD/CHF

The USD/CHF pair passed the support level 0.8330, giving a good close below this level, which give the priority for the bearish expectations for today trades and to form the harmonic pattern (AB=CD) as the pair is moving currently through the last wave (CD) that supposed to target the support level 0.8210 to end this pattern.

This analyze requires the stability of the resistance level 0.8330

Res: 0.8377 , 0.8445 , 0.8493
Pivot: 0.8329
Sup: 0.8261 , 0.8213, 0.8145
](http://www.herosh.com)[IMG]

USD/CAD
The pair wasn’t able to break the resistance level 0.9778 which represents 61.8% Fibonacci correction level for the bearish direction then the pair declined till closed below 0.9644 resistance, so it is expected to continue declining targeting the support level 0.9561
But if the pair closed above 0.9644 resistance which represents 23.6% Fibonacci previous mentioned correction level and to target 0.9697 resistance which represents 38.2% Fibonacci, the stability above this level gives the pair the chance to retest the resistance level 0.9737 which represents 50% Fibonacci previous mentioned correction level.
This analyze requires the stability above the support level 0.9561

Res: 0.9751 , 0.9839 , 0.9903
Pivot: 0.9687
Sup: 0.9599 , 0.9535 , 0.9447
](http://www.herosh.com)[IMG]

AUD/USD
The AUD/USD pair could not hold below 1.0543 level that represents 61.8% correction level for the previous bullish move, leading the expectations for further falling for the pair for the upcoming trades by closing below 1.0633 level that represents 38.2% correction level to target then the support level 1.0588 that represents 50% correction level then 1.0543 that represents 61.8% correction level, With a good chance that the pair may retest 1.0674 level.
This analyze requires the stability of the resistance level 1.0674

Res: 1.0712 1.0772 1.0813
Pivot: 1.0671
Sup: 1.0611 1.0570 1.0510