GIGFX Daily Technical Analysis Report

Success_gateway · July 15, 2011, 5:33am

EUR/USD

The pair was unable to achieve more gains during yesterday trades as the resistance level 1.4240 held against the pair testing then the pair reflected from this level forming the harmonic pattern gartley, now the pair is moving in the range of the last wave of that pattern expecting more declining during today’s intraday trades targeting the support level 1.4030 which represents the end of this formed harmonic pattern.

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

Res: 1. 4243, 1. 4344, 1. 4408
Pivot: 1. 4179
Sup: 1. 4078 1. 4014 1. 3913
](http://www.herosh.com)[IMG]

GBP/ USD

As it is noticed through this chart, the pair formed a bottom during yesterday trades at the level 1.6095 around the support level 1.6077, the pair rose from this bottom to re-test the resistance level 1.6157 again, the pair is unable to break that level upside and this is a sign of the expected scenario that the pair will decline correctly for near-term targeting primarily the support level 1.6007 but under the condition of breaking the support level 1.6095, if the pair succeeded to break upside the resistance level 1.6157 with stability above it the pair will continue rising targeting the next resistance level 1.6260.

Res: 1. 6189 , 1. 6239 , 1. 6286
Pivot: 1. 6142
Sup: 1. 6092, 1. 6045, 1. 5995
](http://www.herosh.com)[IMG]

USD/CHF

During yesterday trades the pair was trading in a narrow range after facing the support level 0.8120 and reflected upside trying to correct this bearish move for near and mid-term trades, the pair formed the harmonic pattern AB=CD expecting a little rise during today’s intraday trades trying to continue forming that pattern by reaching the price to test the resistance level 0.8240 before the continuation of its bearish move again.
The stability of these expectations requires the stability of the support level 0.8120.

Res: 0. 8212 , 0. 8264, 0. 8329
Pivot: 0. 8147
Sup: 0. 8095, 0. 8030, 0. 7978
](http://www.herosh.com)[IMG]

USD/CAD
During yesterday trades, the AUD/USD pair succeeded to decline breaking the support level 1.0705 that represents 50% correction level for the bullish direction, and holding below this level gives the chance for the pair to target the support level 1.0628 that represents 38.2% correction level then 1.0536 that represents 23.6% correction level.
The stability of these expectations requires the stability of the resistance level 1.0705.

Res: 0. 9629 , 0. 9655 , 0. 9696
Pivot: 0. 9588
Sup: 0. 9562 , 0. 9521 , 0. 9495
](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. 0781 1. 084 1. 0884
Pivot: 1. 0737
Sup: 1. 0678 1. 0634 1. 0575

Success_gateway · July 18, 2011, 5:41am

EUR/USD

As it was expected through the last analysis, the pair declined targeting the support level 1.4030 at which the formed harmonic pattern for near-term ends expecting more declining during today’s intraday trades targeting the support level 1.3940 with the probability of re-testing the resistance level 1.4120 so it is not recommended to have bearish positions until the pair break the support level 1.4030 with stability below it.

The stability of these expectations requires the stability of the resistance level 1.4120.

Res: 1.4206 1.4255 1.4312
Pivot: 1.4149
Sup: 1.4100 1.4043 1.3994
](http://www.herosh.com)[IMG]

GBP/ USD

As observed in the chart that, the GBP/USD pair is forming the Flag bullish direction complement pattern for the short-term, forming this pattern came to confirm the bullish direction strength, confirming breaking up the pattern’s top border is still remaining with breaking the resistance level 1.6190 then the presence of the pattern will be confirmed, the pair will had a bullish target price for the pattern, so with the broking confirmation; the pair will initially continue rising till the level 1.6280.

This bullish scenario depends on the pattern’s lower border stability and also the support level 1.6050 stability.

Res: 1.6177 1.6226 1.6277
Pivot: 1.6126
Sup: 1.6077 1.6026 1.5977
](http://www.herosh.com)[IMG]

USD/CHF

As it is noticed through this chart, the pair at the beginning of the asian markets session formed a second bottom which suggested that the pair will form a double bottom reversal pattern as the pair now is targeting to rise to target the resistance level 0.8185 which represents the bass line of this pattern so if the pair succeeded to break that level with stability below it the pair will continue rising targeting the resistance level 0.8239 and if the pair held stable above this level it will target the resistance level 0.8289.

The stability of these expectations requires the stability of the pair above the resistance level 0.8185.

Res: 0.8171 0.8216 0.8241
Pivot: 0.8146
Sup: 0.8101 0.8076 0.8031
](http://www.herosh.com)[IMG]

USD/CAD

The CAD/USD pair was unable to break the support level 0.9518 whereas it reflected up from this point with beginning the Asian period trying to correct the last bearish direction whereas the pair now is facing the tipping point at the resistance level 0.9577 which represents 23.6% Fibonacci retracement correction level for the bearish direction trying to break that whereas the pair’s ability on closing above this level which the strong chance on targeting the resistance level which represents 38.2% from the same previous mentioned Fibonacci retracement levels and the stability above this level will be for the pair which also gives the chance for the pair to target the resistance level 0.9645 which represents 50.0% from the same previous mentioned Fibonacci retracement levels.

This scenario depends on closing the pair a good close above the resistance level 0.9577.

Res: 0.9604 0.9664 0.9707
Pivot: 0.9561
Sup: 0.9501 0.9458 0.9398
](http://www.herosh.com)[IMG]

AUD/USD

During yesterday trades, the AUD/USD pair succeededto break the level 1.0700 that represents 23.6% correction level for the bullish direction from 1.0390 to 1.0796 then 1.0641 represented by 38.2% correction level, reaching below 1.0593 that represents 50% correction level, if the pair was able to trade below this level it will fall targeting 1.0545 level that represents 61.8% correction level with a chance that the pair may retest 1.0641 level.

The stability of these expectations requires the stability of the resistance level 1.0641

Res: 1.0728 1.0800 1.0855
Pivot: 1.0673
Sup: 1.0601 1.0546 1.0474

Success_gateway · July 19, 2011, 5:33am

EUR/USD

During yesterday trades the EUR/USD pair formed a new bottom at the support level 1.4015 to near from forming the Gartley harmonic pattern which is moving now inside the last CD pattern’s wave which is targeting the resistance level 1.4460 to end the pattern at this level but the resistance level 1.4280 which represents the pattern’s B point with a good close must be broken before achieving this scenario.

This scenario depends on the support level 1.4015 stability.

Res: 1.4158 1.4205 1.4277
Pivot: 1.4086
Sup: 1.4039 1.3967 1.3920
](http://www.herosh.com)[IMG]

GBP/ USD

Yesterday trades saw declining the sterling against the U.S dollar, this declining represents the bearish corrective wave for the bullish wave (From 1.5719 to 1.6190), the pair continued declining till the support level 1.6035 which represents 38.2% of fibonacci’s correction level for the same bullish wave and formed a bullish bottom at this level expecting to rise from it to re-test the near resistance levels such as the level 1.6120 which with its breaking upside means more rising till the level 1.6190, remaining the formed bottom at the level 1.6035 means the probability of forming a mid-term bullish channel, breaking the support level 1.6035 downside means the falseness of this probability and thus the pair will decline targeting the support level 1.5913.

Res: 1.6124 1.6192 1.6252
Pivot: 1.6064
Sup: 1.5996 1.5936 1.5868
](http://www.herosh.com)[IMG]

USD/CHF

The USD/CHF pair is rising during the current trades trying to break the resistance level 0.8200 which may push the pair up to target 0.8305 resistance level as in the yesterday expectations, this rising came as a result for the stability of the support level 0.8085 in a bearish movement for the previous trades for both long and medium periods, but in case the pair traded back below 0.8200 level it will fall to retest 0.8085 support level.

Res: 0.8217 0.8258 0.8323
Pivot: 0.8152
Sup: 0.8111 0.8046 0.8005
](http://www.herosh.com)[IMG]

USD/CAD

During yesterday trades the USD/CAD pair rose whereas it reached the first previous mentioned targets at the resistance level 0.9613 which represents 38.2% Fibonacci retracement correction level for the bearish direction but if the pair stabile above this level, in spite of that; it’s expected that the pair will continue rising during the intraday trades by retesting the resistance level 0.9613 which represents 38.2% from the same previous mentioned Fibonacci retracement correction levels and the stability above this level which gives the pair the chance to continue rising targeting the resistance level 0.9645 which represents 50.0% from the same previous mentioned Fibonacci retracement correction levels.

This scenario depends on the stability of the pair above the support level 0.9577.

Res: 0.9639 0.9686 0.9739
Pivot: 0.9586
Sup: 0.9539 0.9486 0.9439
](http://www.herosh.com)[IMG]

AUD/USD

During yesterday trades, the AUD/USD pair succeeded to rise after it failed to break down 50% correction level for the bullish direction from 1.0390 to 1.0796, which pushed the pair to target 38.2% correction level as the rising expected target, as if the pair succeeded to trade above this level it will target 1.0700 level represented by 23.6% correction level, with a chance that the pair may retest 1.0593 level that represent 38.2% correction level.

The stability of these expectations requires the breaking of the resistance level 1.0641 represented by 38.2% correction level.

Res: 1.0652 1.0699 1.0745
Pivot: 1.0606
Sup: 1.0559 1.0513 1.0466

Success_gateway · July 20, 2011, 6:41am

EUR/USD

During yesterday trades the EUR/USD pair formed a new bottom at the support level 1.4015 to near from forming the Gartley harmonic pattern which is moving now inside the last CD pattern’s wave which is targeting the resistance level 1.4460 to end the pattern at this level but the resistance level 1.4280 which represents the pattern’s B point with a good close must be broken before achieving this scenario.
So it is not recommended to have bullish positions until the pair break the resistance level 1.4280 with stability above it.

This scenario depends on the support level 1.4015 stability.

Res: 1.4225 1.4295 1.4373
Pivot: 1.4147
Sup: 1.4077 1.3999 1.3929
](http://www.herosh.com)[IMG]

GBP/ USD

As it was expected through yesterday analysis, the pair continued rising supported by the formed bullish bottom around the support level 1.6004 whereas the pair succeeded to break the resistance level 1.6120 which represents 61.8% of fibonacci’s correction level for the bullish wave (from 1.5781 to 1.6190), the pair continued rising till reached the next resistance level at 1.6148 to register the highest price at 1.6167 without closing above the level 1.6148 to form a top at this area in a sign to reflect declining again to re-test the near support level.
It is expected that, the pair will continue declining to test the support level 1.6076 which coincides with the near-term bullish trendline, if the pair succeeded to break this level downside the pair will decline for near and mid-term trades which will be confirmed by breaking the support level 1.6004 downside then the pair will target the support level 1.6190.

The stability of these expectations requires the stability of the resistance level 1.6190.

Res: 1.6186 1.6249 1.6323
Pivot: 1.6112
Sup: 1.6049 1.5975 1.5912
](http://www.herosh.com)[IMG]

USD/CHF

The USD/CHF pair is rising during the current trades trying to break the resistance level 0.8200 which may push the pair up to target 0.8305 resistance level as in the previous expectations, this rising came as a result for the stability of the support level 0.8085 in a bearish movement for the previous trades for both long and medium periods, but in case the pair traded back below 0.8200 level it will fall to retest 0.8085 support level.

The previous analyze remains

Res: 0.8294 0.8348 0.8419
Pivot: 0.8223
Sup: 0.8169 0.8098 0.8044
](http://www.herosh.com)[IMG]

USD/CAD

As observed in chart that, the USD/CAD pair is trading inside the reflective bearish wedge pattern whereas the pair now is at the support level 0.9485 which represents the wedge’s lower border so it’s expected that the pair will rise up trying to test the resistance level 0.9572 which represents the channel’s top border and the pair’s ability on breaking this level so the pair will continue the bullish scenario targeting the resistance level 0.9658 then the resistance level 0.9742.

This scenario depends on the stability of the pair above the support level 0.9485.

Res: 0.9572 0.9646 0.9692
Pivot: 0.9526
Sup: 0.9452 0.9406 0.9332
](http://www.herosh.com)[IMG]

AUD/USD

During the previous trades, the AUD/USD pair succeededto rise after it failed to break down 50% correction level for the bullish direction from 1.0390 to 1.0796 around 1.0700 price, to form a top at 1.0749 level that may push down the pair may fall to retest 1.0700 level again, which if held it will push up the pair to rise targeting the previous top at 1.0796 price, but trading below this level may push down the pair to target 23.6% correction level at 1.0641 price.

Res: 1.0781 1.0831 1.0922
Pivot: 1.0690
Sup: 1.0640 1.0549 1.0499

Success_gateway · July 21, 2011, 6:02am

EUR/USD

The pair succeeded to reach the resistance level 1.4281 during the last trades and also to form a new bottom at the support level 1.4015 forming gartley harmonic pattern which is moving in the range of the last wave CD that targets the resistance level 1.4460 to end the pattern at this level but under the condition of breaking the resistance level 1.4281 which represents the point B above it, it is expected for the near-term trades that the pair will target the resistance level 1.4380 before reaching the resistance level 1.4460 but if the level 1.4281 held it is expected to decline targeting to re-test the support level 1.4110.

Res: 1.4257 1.4300 1.4362
Pivot: 1.4195
Sup: 1.4152 1.4090 1.4047
](http://www.herosh.com)[IMG]

GBP/ USD

The GBP/USD pair is still moving inside the short-term bullish channel, whereas yesterday trades saw forming a new bullish bottom at the support level 1.6076 coinciding area with the channel’s lower border; the pair used this bottom to rise up again which this bullish move started since beginning the last intraday trades till it tested the resistance level 1.6190, this level represents a strong resistance border against continuing rising, therefore in order of continuing the pair rising; so this level must be broken up with a good close above it, then the pair will reach the next resistances levels at 1.6243, 1.6308 which represents 127% , 161.8% Fibonacci retracement correction level for the bearish direction (from 1.6190 to 1.6004).

This scenario depend son the stability of the support level 1.6148.

Res: 1.6190 1.6227 1.6288
Pivot: 1.6129
Sup: 1.6092 1.6031 1.5994
](http://www.herosh.com)[IMG]

USD/CHF

The USD/CHF pair is trying during the current trades to retest the level 0.8200 which if held it may push the pair up to target 0.8305 resistance level as in the previous expectations, but in case the pair traded back below 0.8200 level it will end the corrective rising to fall to targeting 0.8085 support level as the falling process 1ST target.

Res: 0.8241 0.8287 0.8319
Pivot: 0.8209
Sup: 0.8163 0.8131 0.8085
](http://www.herosh.com)[IMG]

USD/CAD

As observed in chart that, the USD/CAD pair is trading inside the reflective bearish wedge pattern whereas the pair now is at the support level 0.9436 which represents the wedge’s lower border so it’s expected that the pair will rise up trying to test the resistance level 0.9572 which represents the channel’s top border and the pair’s ability on breaking this level so the pair will continue the bullish scenario targeting the resistance level 0.9658 then the resistance level 0.9742.

This scenario depends on the stability of the pair above the support level 0.9436.

Res: 0.9505 0.9537 0.9562
Pivot: 0.948
Sup: 0.9448 0.9423 0.9391
](http://www.herosh.com)[IMG]

AUD/USD

During the previous trades, the AUD/USD pair failed to break 1.0749 resistance level to fall from this level retesting 1.0700 level that coincided with 23.6% correction level for the bullish direction from 1.0390 to 1.0796, the stability of this level will push the pair to rise back trying to break 1.0749 level in order to target 1.0796 resistance level, but in case the pair traded below this level it may target 38.2% correction level around 1.0641 price.

Res: 1.0767 1.0788 1.0817
Pivot: 1.0738
Sup: 1.0717 1.0688 1.0667

Success_gateway · July 22, 2011, 5:24am

EUR/USD

Yesterday, EUR/USD pair succeeded to achieve more gains after breaking the resistance level 1.4280 which represents the point B for the previously mentioned Gartley harmonic pattern then continued rising ending the pattern by completing the wave CD which is supposed to target the resistance level 1.4460, indeed, the pair is about to reach this level, so it is not recommended to have bullish positions until the pair breaks the resistance level 1.4660 with stability above it to target then the resistance level 1.4555.

It is important to notice that there is a possibility to begin a corrective move for the bullish direction for near-term if the resistance level 1.4460 held to re-test at then the level 1.4280.

Res: 1.4525 1.4626 1.4819
Pivot: 1.4332
Sup: 1.4231 1.4038 1.3937
](http://www.herosh.com)[IMG]

GBP/ USD

As expected in yesterday’s report, GBP/USD pair was able to break up the resistance level 1.6190 to continue forming bullish directions on the short and medium-terms, the pair also was able to break the resistance level 1.6243 which represents 127% Fibonacci retracement continuous level for the bearish direction (from 1.6190 to 1.6004) to continue rising till reached the next resistance level at 1.6308 achieving the highest price for yesterday’s trades at 1.6332, it is expected that the pair will continue rising but only if the level 1.6332 was broken, then the pair will target the resistance level 1.6380, failure in breaking this level will push the pair to retest the level 1.6243 which became a support level after breaking it up.

Res: 1.6400 1.6472 1.6612
Pivot: 1.6260
Sup: 1.6188 1.6048 1.5976
](http://www.herosh.com)[IMG]

USD/CHF

The USD/CHF pair formed a bottom at 0.8135 level after it fell from 0.8270 resistance level, to rise from this level during the current trades which may lead the pair to retest 0.8270 resistance level, and if the pair passed this level it will target 0.8340 resistance, but the stability of 0.8270 resistance will push the pair to fall targeting the support level 0.8135 then 0.8085.

Res: 0.8211 0.8273 0.8310
Pivot: 0.8174
Sup: 0.8112 0.8075 0.8013
](http://www.herosh.com)[IMG]

USD/CAD

As observed in the chart, the USD/CAD pair is trading inside a bearish channel which was formed on the medium and short-terms; it’s expected that the pair will rise during the intraday trades targeting the resistance level 0.9540 which represents the channel’s top border and the breaking ofthis border with stability above it; the pair will target the support level 0.9611 and the stability above this level will give the chance for the pair to target the resistance level 0.9680.

This scenario depends on the pair’s stability above the support level 0.9397.

Res: 0.9468 0.9514 0.9537
Pivot: 0.9445
Sup: 0.9399 0.9376 0.9330
](http://www.herosh.com)[IMG]

AUD/USD

During the previous trades, the AUD/USD pair fell tohave a good support from 1.0700 level to rise breaking 1.0796 resistance level reaching 1.0855 resistance level currently, if the pair was able to pass this level it will target 1.0905 resistance level, but if 1.0855 level held it will push down the pair to fall in order to retest the nearest supports such as 1.0796.

Res: 1.0898 1.0957 1.1060
Pivot: 1.0795
Sup: 1.0736 1.0633 1.0574

Success_gateway · July 25, 2011, 5:20am

EUR/USD

The bullish direction is still dominant on EUR/USD pair for the short-term trades, the resistance level 1.4400 which represents 76.4% Fibonacci retracement correction level for the medium-term last bearish wave is still stable against testing the pair for it, reflecting the pair down is noticed expecting for it a further corrective drop during the intraday trades targeting the support level 1.4295 which represents 61.8% from the same previous mentioned Fibonacci retracement correction levels before completing the short-term bullish direction.
So it’s recommended, not to enter any buying operations for the EUR/USD pair but only in case of breaking the resistance level 1.4400 which with breaking it and having a good close above it, the resistance level 1.4520 will be targeted.

Res: 1.4426 1.4489 1.4540
Pivot:1.4375
Sup: 1.4312 1.4261 1.4198
](http://www.herosh.com)[IMG]

GBP/ USD

As it is noticed through this chart, the GBP/USD pair is unable to break the resistance level 1.6430 to form the second consecutive top at the same level, this is one of the conditions of existing the double bottom pattern that shifts the bullish direction, the support level 1.6263 represents the base of the pattern and the pair should break this level downside to confirm existing the double bottom pattern and if the pair succeeded to break that level it will continue declining targeting the support level 1.6192 which represents the target of the pattern.

The stability of these expectations requires the stability of the resistance level 1.6340.

Res: 1.6337 1.6376 1.6413
Pivot: 1.6300
Sup: 1.6261 1.6224 1.6185
](http://www.herosh.com)[IMG]

USD/CHF

The USD/CHF pair was able to fall passing 0.8135 level after it fell from 0.8270 resistance level to face the support level 0.8085 which if the pair passed it down it will target the support level 0.7970 but if 0.8085 support held it will push the pair to rise again to retest 0.8135 resistance then 0.8270 resistance level.

Res: 0.8241 0.8294 0.8341
Pivot: 0.8194
Sup: 0.8141 0.8094 0.8041
](http://www.herosh.com)[IMG]

USD/CAD

As it is noticed through this chart, the USD/CAD pair is still moving inside a bearish channel for near and mid-term trades, it achieved the mentioned target in the last analysis at the end of the last week trades at the resistance level 0.9521 which represents the top border of the channel so, if the pair succeeded to break this level with stability above it it will target the resistance level 0.9609 and if the pair succeeded to be stable above this level it will target the resistance level 0.9690.
But if the pair failed to break the resistance level 0.9521 it will reflect to re-test the support level 0.9420 followed by the support level 0.9372.

Res: 0.9531 0.9581 0.9634
Pivot: 0.9478
Sup: 0.9428 0.9375 0.9631
](http://www.herosh.com)[IMG]

AUD/USD

During the previous trades, the AUD/USD pair could not break the resistance level 1.0855 to fall from this level targeting 1.0769 support level in order to retest it coinciding with the bullish trend line for the past short periods, if the pair was able to hold below the mentioned supports it will fall targeting the support 1.0700, but if this supports held it will push the pair to rise retesting 1.0855 resistance which if the pair passed it the pair will target the resistance level 1.0905.

Res: 1.0876 1.0901 1.0929
Pivot: 1.0848
Sup: 1.0823 1.0795 1.0770

Success_gateway · July 26, 2011, 5:02am

EUR/USD

The EUR/USD broke the resistance level 1.4400 in today’s trades which represents 76.4% Fibonacci retracement correction level for the last bearish wave for the medium-term as what was mentioned yesterday which pushed the pair to reach the resistance level 1.4520 which is it’s first target for this breaking, so a further rise is expected during the intraday trades targeting the resistance level 1.4575 and this level is the medium-term bearish wave beginning point.

This scenario depends on the stability of the support level 1.4400.

Res: 1.4420 1.4464 1.4512
Pivot: 1.4372
Sup: 1.4328 1.4280 1.4236
](http://www.herosh.com)[IMG]

GBP/ USD

The GBP/USD tried to break the resistance level 1.6263 downside during yesterday trades, this level represents the base of the expected double top pattern, the pair formed more than one bottom above this level which changes the expected double top pattern into a confusion area, during the last trades the pair was trying to break upside the resistance level 1.6340 which represents the top boarder of the confusion area, breaking this area upside means more rising targeting the level 1.6380 followed by 1.6420, today, a british data will be released and will determine the next direction for the pair however, breaking the support level 1.6263 means more declining targeting the support level 1.6192.

Res: 1.6325 1.6375 1.6407
Pivot: 1.6293
Sup: 1.6243 1.6211 1.6161
](http://www.herosh.com)[IMG]

USD/CHF

The USD/CHF pair was able to fall previously after the stability of the resistance level 0.8270 which pushed the pair to fall breaking a lot of the supports ending with 0.8085 level, confirming the dominating of the bearish direction for the medium and long trades making the next target for the pair is the support level 0.7970 then 0.7880, which requires the stability of the pair below 0.8085 resistance level.

Res: 0.8136 0.8213 0.8271
Pivot: 0.8078
Sup: 0.8001 0.7943 0.7866
](http://www.herosh.com)[IMG]

USD/CAD

The USD/CAD pair was unable to break the resistance level 0.9521 which represents the top border of the channel and reflected downside targeting the support level 0.9420 which has been mentioned through the last analysis, if the pair broke this level it will continue declining targeting the support level 0.9333 which represents the bottom border of the channel.
But if the pair failed to break that level it will reflect upside in order to re-test the resistance level 0.9521 which represents the top border of the channel.

Res: 0.9517 0.9565 0.9607
Pivot: 0.9475
Sup: 0.9427 0.9385 0.9337
](http://www.herosh.com)[IMG]

AUD/USD

During the previous trades, the AUD/USD pair was able to rise previously after it traded between 1.0796 and 1.0875 levels, the stability of the support level 1.0796 pushed the pair to break 1.0875 level making the pair next target 1.0950 resistance level and if the pair was able to pass this level it will target 1.1035 resistance, with a chance that the pair might retest 1.0875 support level, and if the pair traded below this level it will fall to retest 1.0796 support.

This scenario depends on the stability of the support level 1.0875

Res: 1.0880 1.0918 1.0961
Pivot: 1.0837
Sup: 1.0799 1.0756 1.0718

Success_gateway · July 27, 2011, 5:28am

EUR/USD

The bullish direction is still dominant on the EUR/USD pair direction for the short-term and the intraday levels; the price action is forming the reversal bullish direction wedge pattern therefore be careful for any bullish operations for the pair only in case of breaching of the resistance level 1.4530 which could be able to have a good close above, so it will immediately target the resistance level 1.4575.
but in case of the pattern’s stability against the price movement and declining the pair down with breaching the support level 1.4400, this indicates a beginning of a new period for the price movement downwards targeting the support level 1.4295 as it’s first target for this formed pattern.

Res: 1.4570 1.4631 1.4737
Pivot: 1.4464
Sup: 1.4403 1.4297
](http://www.herosh.com)[IMG]

GBP/ USD

The GBP/USD pair succeeded to break the resistance level 1.6340 which represents the top border of the confusion area that was mentioned in the last analysis, the pair continued rising till reached the target of breaking out the confusion area by reaching the level 1.6420 registering the highest price during yesterday trades at 1.6427, during the Asian session trades the pair registered a higher price at the level 1.6438 at which the price coincides with the top border of the expected bullish wedge pattern, the stability of the level 1.6438 during the upcoming trades means declining the pair to re-test the bottom border of the pattern coinciding with testing the support level 1.6340, the confirmation of breaking the bottom border means the beginning of a corrective bearish direction targeting the level 1.6187.

The stability of these expectations requires the stability of the resistance level 1.6438.

Res: 1.6466 1.6527 1.6628
Pivot: 1.6365
Sup: 1.6304 1.6203 1.6142
](http://www.herosh.com)[IMG]

USD/CHF

The USD/CHF pair was able to fall previously after the stability of the resistance level 0.8270 which pushed the pair to fall breaking a lot of the supports ending with 0.8085 level, confirming the dominating of the bearish direction for the medium and long trades making the next target for the pair is the support level 0.7970 then 0.7880, which requires the stability of the pair below 0.8085 resistance level.

The previous analyze remains

Res: 0.8055 0.8097 0.8126
Pivot: 0.8026
Sup: 0.7984 0.7955 0.7913
](http://www.herosh.com)[IMG]

USD/CAD

The USD/CAD pair is still trading inside a bearish channel whereas it reached the support level 0.9420 during yesterday trades and broke it but it was unable to hold steady below it so it is expected that the pair will rise targeting the resistance level 0.9480 which represents the top border of the channel and in the case that the pair broke this level with stability above it, the pair will target the resistance level 0.9533 and if the pair succeeded to be stable above this level it will target the resistance level 0.9592.

The stability of these expectations requires the stability of the pair above the support level 0.9420.

Res: 0.9475 0.9508 0.9544
Pivot: 0.9439
Sup: 0.9427 0.9370 0.9337
](http://www.herosh.com)[IMG]

AUD/USD

During the previous trades, the AUD/USD pair was able to continue rising after 1.0950 level held to push the pair up passing the mentioned target at 1.1035 targeting 1.1130 resistance level, which requires the stability of the supports1.1035 and 1.0950 with the stability of the bullish trend line for the previous long trades, as if the pair was able to break down these levels it will target lowest supports as 1.0875 1.0796.

Res: 1.1008 1.1061 1.1155
Pivot: 1.0914
Sup: 1.0861 1.0767 1.0714

Success_gateway · July 28, 2011, 5:21am

EUR/USD

The EUR/USD declined yesterday breaking the formed bullish wedge pattern’s lower border which reverses the direction, it’s observed now that the pair is trying to retest the resistance level 1.4400, a further drop is expected during the intraday trades targeting the support level 1.4295.

In order to confirm this information, the resistance level 1.4400 must be stable.

Res: 1.4490 1.4612 1.4687
Pivot: 1.4415
Sup: 1.4293 1.4218 1.4096
](http://www.herosh.com)[IMG]

GBP/ USD

As it was expected through the last analysis, the GBP/USD pair completed the formation of a top at the resistance level 1.6438 coinciding with the top border of the bullish wedge pattern, this top pushed the pair to decline in order to re-test the bottom border of the wedge -as it was mentioned-, it is noticed that during the last intraday trades the pair was trying to confirm breaking downside the bullish wedge to start a corrective bearish direction targeting the level 1.6032 which represents the target of the wedge pattern and also represents 61.8% of fibonacci’s correction level for the bullish move (from 1.5781 to 1.6438), in order to reach this target it should break the support levels 1.6283, 1.6187 and 1.6109.

The stability of these expectations requires the stability of the resistance level 1.6438.

Res: 1.6407 1.6486 1.6534
Pivot: 1.6359
Sup: 1.6280 1.6232 1.6153
](http://www.herosh.com)[IMG]

USD/CHF

Nothing much have changed for the USD/CHF pair after it was able to fall previously after the stability of the resistance level 0.8270 which pushed the pair to fall breaking a lot of the supports ending with 0.8085 level, confirming the dominating of the bearish direction for the medium and long trades making the next target for the pair is the support level 0.7970 then 0.7880, which requires the stability of the pair below 0.8085 resistance level.

Res: 0.8043 0.8070 0.8094
Pivot: 0.8019
Sup: 0.7992 0.7968 0.7941
](http://www.herosh.com)[IMG]

USD/CAD

The USD/CAD pair failed to break the support level 0.9420 for the second consecutive day and targeted the resistance level 0.9480 which represents the top border of the bearish channel, so it is expected that the pair will continue rising during the intraday and near-term trades targeting the resistance level 0.9533 and if the pair succeeded to be stable above this level, it will target the resistance level 0.9592.

The stability of these expectations requires the stability of the pair above the resistance level 0.9480.

Res: 0.9529 0.9564 0.9625
Pivot: 0.9468
Sup: 0.9433 0.9372 0.9337
](http://www.herosh.com)[IMG]

AUD/USD

During the previous trades, the AUD/USD pair was able to continue rising after 1.0950 level held to push the pair up passing the mentioned target at 1.1035 to retest 1.1001 support level previously forming a bottom around this level which if held it will push the pair to rise targeting 1.1130 resistance level, the stability of the bullish trend line for the previous long trades will support that rise, as if the pair was able to break down the mentioned supports it will target lowest supports as 1.0875 1.0796.

Res: 1.1085 1.1152 1.1226
Pivot: 1.1011
Sup: 1.0944 1.0870 1.0803

Success_gateway · July 29, 2011, 5:38am

EUR/USD

The formed bullish wedge pattern is continuing pressing on the EUR/USD pair which leads it to continue declining, it’s trading now below the support level 1.4295 which coincides with 61.8% Fibonacci retracement correction level for the last medium-term bearish wave if the pair is able to close below this level so a further drop is expected for the pair to target the support level 1.4120 which represents the formed pattern target and also which coincides with 38.2% from the same previous mentioned Fibonacci retracement correction levels.

In order to confirm this information, the resistance level 1.4400 must be stabile.

Res: 1.4402 1.4474 1.4548
Pivot: 1.4328
Sup: 1.4256 1.4182 1.4110
](http://www.herosh.com)[IMG]

GBP/ USD

Yesterday, the pair GBP/USD formed a bottom at the level 1.6295 ending the bearish wave that started from the resistance level 1.6438, the pair rose from this bottom targeting to form a bearish top by testing the bottom border of the bullish wedge pattern, through declining and rising moves of the pair, it is noticed that the pair is forming a head and shoulders pattern which shifts the bullish direction, forming this pattern supports the major bullish wedge pattern, during the upcoming trades, the pair will try to break the neckline of the head and shoulders pattern then it will continue declining targeting the level 1.6187 which represents the target of the head and shoulders pattern and also represents 38.2% of fibonacci’s correction level for the bullish move (From 1.5781 to 1.6438), the pair has a bearish target for the bullish wedge pattern at the level 1.6032 it is expected to reach this level after conforming breaking the level 1.6187 followed by the level 1.6109.

The stability of these expectations requires the stability of the resistance level 1.6380.

Res: 1.6404 1.6437 1.6492
Pivot: 1.6349
Sup: 1.6316 1.6261 1.6228
](http://www.herosh.com)[IMG]

USD/CHF

The narrow trade rang for the USD/CHF pair remains controlling the pair movement after it was able to fall previously after the stability of the resistance level 0.8270 which pushed the pair to fall breaking a lot of the supports ending with 0.8085 level, confirming the dominating of the bearish direction for the medium and long trades making the next target for the pair is the support level 0.7970 then 0.7880, which requires the stability of the pair below 0.8085 resistance level.

Res: 0.8041 0.8072 0.8098
Pivot: 0.8015
Sup: 0.7984 0.7958 0.7927
](http://www.herosh.com)[IMG]

USD/CAD

The USD/CAD pair succeeded to hold stable above the support level 0.9480 and became around the resistance level 0.9533 so the bullish direction is still dominating the trades of the pair targeting the resistance level 0.9592.

The stability of this scenario depends on the stability of the pair above the resistance level 0.9533.

Res: 0.9522 0.9553 0.9586
Pivot: 0.9489
Sup: 0.9458 0.9425 0.9394
](http://www.herosh.com)[IMG]

AUD/USD

During the previous trades, the AUD/USD pair fell to break down 1.1001 level trading below 1.0950 currently with trading below the bullish trend line for the previous long trades, as if the pair was able to close below the bullish trend it will continue falling to target the support level 1.0875, but if the pair traded back above 1.0950 level it will rise to trade above 1.1001.

Res: 1.1059 1.1116 1.1158
Pivot: 1.1017
Sup: 1.0960 1.0918 1.0861

Success_gateway · August 1, 2011, 6:58am

EUR/USD

The EUR/USD pair was able to stop it’s declining wave for the previous bearish move which led it to trade below the level 1.4270 which represents 38.2% Fibonacci retracement correction level for the bullish move (from 1.3838 to 1.4573) without closing below this level, to rise from it facing the level 1.4372 representing by 23.6% correction. in case of the pair’s stability above this level, it’s expected that the pair will continue rising to retest the level 1.4573 then 1.4650, but the pair’s stability below the level 1.4372 will push it down to retest the support level 1.4270.

Res: 1.4454 1.4524 1.4636
Pivot: 1.4342
Sup: 1.4272 1.4160 1.4090
](http://www.herosh.com)[IMG]

GBP/ USD

On the contrary of what was expected, after the GBP/USD pair broke downside the neckline of the head and shoulders pattern, it formed a bottom at the level 1.6260 which pushed the pair to rise again breaking upside the resistance level of the right shoulder and the head thus, this pattern is no longer effective, this rising is supported by the negative data released from the U.S. lawmakers. it is expected that the pair will re-test the support level 1.6380 before continuing rising again which will be confirmed after breaking up the resistance level 1.6475, at then the pair will target to test the next resistance level 1.6550.

The stability of these expectations requires the stability of the support level 1.6380.

Res: 1.6503 1.6590 1.6711
Pivot: 1.6382
Sup: 1.6295 1.6174 1.6087
](http://www.herosh.com)[IMG]

USD/CHF

The USD/CHF pair was able to fall previously reaching 0.7853 level forming a bottom at this level that pushed the pair to rise searching a good resistance level in order to retest it such as 0.7970 level which if held it will push the pair to fall again retesting 0.7853 level , but if the pair was able to pass the resistance level 0.7970 it will continue rising targeting 0.8085 resistance level.

Res: 0.7978 0.8093 0.8156
Pivot: 0.7915
Sup: 0.7800 0.7737 0.7622
](http://www.herosh.com)[IMG]

USD/CAD

The USD/CAD pair is trading inside a bullish channel for mid-term trades and now the pair is above the support level 0.9503 which represents the bottom border of the channel.although the pair is trying to break this level but it is expected that the pair will rise targeting to re-test the resistance level 0.9588 during the upcoming intraday trades and if the pair succeeded to be stable above this level, it will target the resistance level 0.9628 which represents the bottom border of the channel.
But if the pair failed to break the support level 0.9503, it will target the support level 0.9441 and if the pair succeeded to be stable below this level, it will target the support level 0.9399.

Res: 0.96 0.9646 0.9704
Pivot: 0.9542
Sup: 0.9496 0.9438 0.9392
](http://www.herosh.com)[IMG]

AUD/USD

During the previous trades, the AUD/USD was able to form the harmonic pattern (AB=CD) which supposed to push the pair to rise targeting 1.1185 resistance level that represents the (D) point for the pattern, but in order to confirm that; the pair must pass the resistance level 1.1079 that represents the (B) point, also the support level 1.0910 that represents the © point must hold.

Res: 1.1031 1.1075 1.1136
Pivot: 1.0970
Sup: 1.0926 1.0865 1.0821

Success_gateway · August 3, 2011, 6:10am

EUR/USD

The formed bullish wedge pattern is continuing pressuring on the EUR/USD pair which gave it the chance to continue declining; the pair is trading now below the support level 1.4295 which coincides with 61.8% Fibonacci retracement correction level for the medium-term last bearish wave, so a further drop is expected for the pair targeting the support level 1.4120 which represents the formed pattern target and also coincides with 38.2% from the same previous mentioned Fibonacci retracement correction levels with the probability of retesting the resistance level 1.4295.

This scenario depends on the stability of the resistance level 1.4295.

Res: 1.4273 1.4343 1.4404
Pivot: 1.4212
Sup: 1.4142 1.4081 1.4011
](http://www.herosh.com)[IMG]

GBP/ USD

The GBP/USD pair is still trading above the support level1.6260 in a sign of a rising probability to test the near resistance levels, what confirms the rising probability is that yesterday trades were in a narrow range and reflect collecting the needed momentum, rising the pair will be confirmed with breaking the resistance level 1.6330 then the pair will continue rising to re-test the resistance level 1.6475, this scenario requires the stability of the support level 1.6260 which with its breaking downside means more declining till the level 1.6128 which represents 50.0% Fibonacci’s correction level for the bullish move (From 1.5781 to 1.6475).

Res: 1.6342 1.6386 1.6446
Pivot: 1.6282
Sup: 1.6238 1.6178 1.6134
](http://www.herosh.com)[IMG]

USD/CHF

The USD/CHF pair registered a new record low during the trades of the Asian session by reaching the level 0.7611 as it formed a bottom at this level and used it to form a corrective bullish wave that will be confirmed with breaking the resistance level 0.7768 then it will target the next resistance level at 0.7865 which represents 38.2% of fibonacci’s correction level for the bearish move (from 0.8277 to 0.7611), the failure of breaking up the level 0.7768 means more declining till testing the support level 0.7611

Res: 0.7778 0.7934 0.8012
Pivot: 0.7700
Sup: 0.7544 0.7466 0.7310
](http://www.herosh.com)[IMG]

USD/CAD

The USD/CAD pair is still trading inside a bullish channel for near and mid-term, yesterday the pair rose till reached the mentioned target at the resistance level 0.9591, so it is expected that the pair will continue rising targeting the resistance level 0.9632 which represents 61.8% Fibonacci’s correction level for the bullish direction and if the pair held above this level, it will target the resistance level 0.9687 which represents 76.4% of fibonacci’s correction level.

The stability of these expectations requires the stability of the pair above the support level 0.9591 which represents 50.0 of fibonacci’s correction level.

Res: 0.9634 0.9658 0.9658
Pivot: 0.9589
Sup: 0.9565 0.9520 0.9496
](http://www.herosh.com)[IMG]

AUD/USD

The AUD/USD pair continued declining yesterday supported by the double bottom pattern which shifts the bullish direction and at the beginning of today’s trades,
The pair tested the support level 1.0685 which represents 76.4% of fibonacci’s correction level for the last bullish wave expecting more rising correctly targeting to re-test the resistance level 1.0820 which represents 50.0% of fibonacci’s correction level before return to decline again.

The stability of these expectations requires the stability of the resistance level 1.0820.

Res: 1.0929 1.1082 1.1159
Pivot: 1.0852
Sup: 1.0699 1.0622 1.0469

Success_gateway · August 4, 2011, 5:27am

EUR/USD

During yesterday trades, EUR/USD pair was able to achieve some gains by reaching the resistance level 1.4370 which represents 23.6% Fibonacci retracement correction level for the last medium-term bullish wave which also coincides with testing the bearish channel’s top border, the pair is moving inside a bearish channel during the short-term trades so it’s expected a probability on reversing the pair down targeting the support level 1.4190 but firstly it must break the support level 1.4270 with a good close below it.

This scenario depend son the stability of the resistance level 1.4370.

Res: 1.4396 1.4470 1.4596
Pivot: 1.4270
Sup: 1.4196 1.4070 1.3996
](http://www.herosh.com)[IMG]

GBP/ USD

As it was expected through the last analysis, the GBP/USD pair succeeded to break up the resistance level 1.6330 to achieve the highest price during yesterday trades at 1.6429, during the trades of the Asian session the pair broke this level to reach 1.6440 and formed a top where it is expected to use this top to decline trying to test the near support levels, it is expected that the pair is in the forming stage of the diamond pattern whereas the last bearish top is coinciding with the top border of the diamond pattern and now the pair is declining trying to re-test the support levels of the bottom border so it is expected that the pair will continue declining trying to form a bottom coinciding with the bottom border of the diamond pattern, it is expected to be around the level 1.6330, the pair will use this formed pattern to rise trying to break the top border of the diamond upside then it will continue rising targeting to reach the target of the pattern.

The stability of these expectations requires the stability of the support level 1.6260.

Res: 1.6487 1.6547 1.6666
Pivot: 1.6368
Sup: 1.6308 1.6189 1.6129
](http://www.herosh.com)[IMG]

USD/CHF

After the USD/CHF pair fell previously to reach 0.7605 support level, the pair rose to face 0.7787 resistance level during the current trades, in case the current resistance held it will push the pair to fall trying to break the support level 0.7605, but if the pair was able to trade above the current resistance it will rise targeting the resistance level 0.7880.

Res: 0.7789 0.7876 0.7965
Pivot: 0.7700
Sup: 0.7613 0.7524 0.7437
](http://www.herosh.com)[IMG]

USD/CAD

The USD/CAD pair is still trading inside a bullish channel for near and mid-term, yesterday the pair rose till reached the mentioned target at the resistance level 0.9632 which represents 61.8% of fibonacci’s correction level for the bearish direction so it is expected that the pair will continue rising targeting the resistance level 0.9687 which represents 76.4% of fibonacci’s correction level and if the pair held above this level it will target the resistance level 0.9716 which represents the top border of the channel.

The stability of these expectations requires the stability of the pair above the support level 0.9632 which represents 61.8% of fibonacci’s correction level.

Res: 0.9653 0.9688 0.9731
Pivot: 0.9610
Sup: 0.9575 0.9532 0.9497
](http://www.herosh.com)[IMG]

AUD/USD

The AUD/USD pair continued declining during the previous trades after the pair was able to break down 1.0790 to reach during the current trades the support level 1.0650, the stability of the resistance level 1.0790 keeps the pair moving bearishly, which supports the breaking of the current support level 1.0650 to target then 1.0560 support, with a chance that the pair may retest the resistance level 1.0790.

The stability of these expectations requires the stability of the resistance level 1.0790.

Res: 1.0799 1.0845 1.0906
Pivot: 1.0738
Sup: 1.0692 1.0631 1.0585

Success_gateway · August 5, 2011, 5:16am

EUR/USD

As was expected yesterday that, the EUR/USD pair fell down broking the support level 1.4190 which represents 50% Fibonacci retracement correction level for the last medium-term bullish wave reaching the level 1.4105 which represents 61.8% from the same previous mentioned Fibonacci retracement correction levels expecting for it to continue declining during the intraday trades targeting the support level 1.4003 which coincides with 76.4% from the same previous mentioned Fibonacci retracement correction levels but it must continue trading below the level 1.4105.

This scenario depends on the stability of the resistance level 1.4190.

Res: 1.4276 1.4463 1.4556
Pivot: 1.4183
Sup: 1.3996 1.3903 1.3716
](http://www.herosh.com)[IMG]

GBP/ USD

On the contrary of what was expected yesterday, the GBP/USD pair declined while all dollar’s counterparts were declining also, it is noticed that the pair broke the bottom border of the diamond pattern confirming the strength of its declining which remain to the limits of the level 1.6225 which represents the point B of the harmonic pattern AB=CD which is in the forming stage, it is expected that the pair will continue forming the bearish rib CD during the upcoming trades which will be conformed after breaking the level 1.6225 then the pair will continue declining targeting the level 1.6184 which represents the point D that completes the harmonic pattern, if the pair succeeded to break the support level 1.6184 it will continue declining targeting the support next level at 1.6115 which represents 76.4% of fibonacci’s correction level for the bullish move (from 1.6004 to 1.6475).

The stability of these expectations requires the stability of the resistance level 1.6320.

Res: 1.6380 1.6505 1.6573
Pivot: 1.6312
Sup: 1.6187 1.6119 1.5994
](http://www.herosh.com)[IMG]

USD/CHF

After the USD/CHF pair faced the resistance level 0.7787 previously the pair fell to face 0.7605 support level during the current trades as was expected, as if the pair tends to continue this bearish movement it must break 0.7605 level to target then the support level 0.7425, but the stability of the mentioned support level will push the pair to rise back in order to retest 0.7787 resistance level.

Res: 0.7748 0.7860 0.7921
Pivot: 0.7687
Sup: 0.7575 0.7514 0.7402
](http://www.herosh.com)[IMG]

USD/CAD

After the USD/CAD pair rose and achieved the mentioned targets through yesterday analysis, it is expected that it will continue rising targeting the resistance level 0.9904 which represents 100% of fibonacci’s continuous level for the bearish direction and if the pair held above this level it will target the resistance level 1.0042 which represents 127% of fibonacci’s continuous level.

The stability of these expectations requires the stability of the pair above the support level 0.9791.

Res: 0.9882 0.9954 1.0095
Pivot: 0.9741
Sup: 0.9669 0.9528 0.9456
](http://www.herosh.com)[IMG]

AUD/USD

The AUD/USD pair continued its bearish movement breaking a lot of levels ending by trading below 1.0525 level and facing 1.0410 support level, generally the pair remain the bearish direction as its main direction with a good chance that the pair may rise back to retest the nearest resistances such 1.0525 and 1.0650, but trading below 1.0410 will push down the pair for further falling targeting 1.0310 support level.

Res: 1.0674 1.0886 1.0995
Pivot: 1.0565
Sup: 1.0353 1.0244 1.0032

Success_gateway · August 8, 2011, 5:45am

EUR/USD

The EUR/USD pair rose up violently during the previous week trades after testing the bearish channel’s lower border which the price was moving inside it fast and violent which led on breaking the level 1.4270 which represents 38.2% Fibonacci retracement correction level for the last medium-term bullish wave and also coincides with the bearish channel’s top border which led on getting out the pair from this channel expecting for it a further rise during the intraday trades which supports this view is opening the pair a price gap up which declined during the Asian trades till now to close this price gap, and it had already succeeded on closing it and reflecting up testing the resistance level 1.4357 which represents 23.6% from the same previous mentioned Fibonacci retracement correction levels, which if it succeeded on breaking this level and closed a good close above it so the pair will reach the resistance level 1.4445.

This scenario depends on the stability of the support level 1.4270.

Res: 1.4371 1.4454 1.4611
Pivot: 1.4214
Sup: 1.4131 1.3974 1.3891
](http://www.herosh.com)[IMG]

GBP/ USD

As it is noticed through this chart, the pair formed a second consecutive bottom at the support level 1.6223 which pushed the pair upside using the declining of the U.S. dollar against its all major counterparts, the pair continued rising till registered the highest price for the trades of the last week at the level 1.6395 and at the beginning of the trades of this week it registered a gap that refers to the strength of the current bullish direction, at the beginning of the Asian market session the pair covered the whole bullish gap so it is expected that the pair will rise targeting the resistance level 1.6475 which with its breaking the pair will continue rising targeting the resistance level 1.6542 followed by the resistance level 1.6629 which represent 127% and 161.8% of fibonacci’s continuous level for the bearish move (From 1.6475 to 1.6223).

The stability of these expectations requires the stability of the support level 1.6385.

Res: 1.6448 1.6505 1.6505
Pivot: 1.6338
Sup: 1.6281 1.6171 1.6114
](http://www.herosh.com)[IMG]

USD/CHF

After the USD/CHF pair faced the resistance level 0.7787 previously the pair fell to trade below 0.7605 level during the current trades, as if the pair tends to continue this bearish movement it must hold below 0.7605 level to target then the support level 0.7425, but the trading back above0.7605 level will push the pair to rise back in order to retest 0.7787 resistance level.

Res: 0.7739 0.7817 0.7897
Pivot: 0.7659
Sup: 0.7581 0.7501 0.7423
](http://www.herosh.com)[IMG]

USD/CAD

The bullish direction is still dominating the trades of the pair USD/CAD thus, it is expected that it will continue rising targeting the resistance level 0.9904 which represents 100% of fibonacci’s continuous level for the bearish direction and if the pair held above this level it will target the resistance level 1.0042 which represents 127% of fibonacci’s continuous level.

The stability of these expectations requires the stability of the pair above the support level 0.9791

Res: 0.9842 0.9903 0.9954
Pivot: 0.9791
Sup: 0.973 0.9679 0.9618
](http://www.herosh.com)[IMG]

AUD/USD

The AUD/USD pair continued its bearish movement breaking a lot of levels ending by trading below 1.0420 level and facing 1.0310 support level as was expected for the previous trades, generally the pair remain the bearish direction as its main direction with a good chance that the pair may rise back to retest the nearest resistances such 1.0420 and 1.0525, but trading below 1.0310 will push down the pair for further falling targeting 1.0250 support level.

Res: 1.0532 1.0604 1.0683
Pivot: 1.0453
Sup: 1.0381 1.0302 1.0230

Success_gateway · August 9, 2011, 5:16am

EUR/USD

The EUR/USD pair short-term and intraday levels movement is characterized by strong volatility between rising and declining, sometimes it seems up strongly and sometimes it seems down strongly and also under the weight of conflicting data which comes out of the biggest economic powers in the world, technically the pair came again to trade inside the short-term and the intraday levels bearish channel to make the expectations on continuing the bearish scenario but not before retesting the resistance level 1.4270 which represents 38.2% Fibonacci retracement correction level for the last medium-term bullish wave and it also coincides with the channel’s top border if this level is stabile against testing the price for it so the pair will decline targeting the support level 1.4105 which represents 61.8% from Fibonacci retracement correction levels.

Res: 1.4362 1.4546 1.4663
Pivot: 1.4245
Sup: 1.4061 1.3944 1.3760
](http://www.herosh.com)[IMG]

GBP/ USD

As it is noticed through this chart for the pair GBP/USD, the pair failed to break upside the resistance level 1.6475 during yesterday trades to form a top that the pair used to push declining to re-test the near support level, the pair continued declining till the support level 1.6282 to form a bottom during the last intraday trades at this level, through the last formed bottoms and tops it is expected that a near-term bullish channel is about to form but under the condition of holding the support level 1.6282 so it is expected that the pair will return rising during the upcoming trades to test the resistance level 1.6475 followed by the level 1.6542 which represents 127% of fibonacci’s continuous level for the bearish move (from 1.6475 to 1.6223).

Res: 1.6429 1.6542 1.6608
Pivot: 1.6363
Sup: 1.6250 1.6184 1.6071
](http://www.herosh.com)[IMG]

USD/CHF

The USD/CHF pair fell previously after forming the triangle pattern to break its bottom line, which push the pair to fall targeting 0.7425 support level, but the pair rose without achieving this target in order to retest appropriate resistance level, which may lead the pair to retest the triangle bottom line with 0.7650 resistance, and if these resistances held it will push the pair to fall again to achieve the triangle target at the support level 0.7425, but if the pair was able to pass 0.7650 level it will target the resistance level 0.7735.

Res: 0.7638 0.7727 0.7804
Pivot: 0.7561
Sup: 0.7472 0.7395 0.7306
](http://www.herosh.com)[IMG]

USD/CAD

The USD/CAD pair formed a reversal hummer candle so it is expected that the pair will decline trying to correct its bullish direction targeting the support level 0.8956 which represents 23.6% of fibonacci’s correction level for the bullish direction, holding the pair below this level will lead the pair to target the support level 0.9773 which represents 38.2% of fibonacci’s correction level.

The stability of these expectations requires the stability of the pair below the resistance level 0.9993.

Res: 1.0596 1.1251 1.2559
Pivot: 0.9288
Sup: 0.8633 0.7325 0.6670
](http://www.herosh.com)[IMG]

AUD/USD

The AUD/USD pair continued its bearish movement breaking a lot of levels achieving a bottom at the support level 0.9927, to rise back from this level facing the current resistance level 1.0205, as if the pair rose up to pass this level it will target the resistance level 1.0310, but if the current resistance level held it will push the pair to fall in order to retest the nearest support level, which may lead the pair to target 0.9927 support level.

Res: 1.0360 1.0535 1.0626
Pivot: 1.0269
Sup: 1.0094 1.0003 0.9828

Success_gateway · August 10, 2011, 5:10am

EUR/USD

The EUR/USD pair short-term and intraday levels movement is characterized by strong volatility between rising and declining, sometimes it seems up strongly and sometimes it seems down strongly and also under the weight of conflicting data which comes out of the biggest economic powers in the world, technically the price is moving within the forming (Gartley) harmonic pattern whereas it is forming now the last CD wave which is supposed to target the resistance level 1.4500 so it’s expected that the pair will rise up during the intraday trades targeting the resistance level 1.4500 which at it the harmonic pattern will be formed but it’s not recommended to the traders to enter any purchasing process based on this pattern, but only in case of breaking the resistance level 1.4430 which represents the pattern’s B point.

Res: 1.4449 1.4524 1.4673
Pivot: 1.4300
Sup: 1.4225 1.4076 1.4001
](http://www.herosh.com)[IMG]

GBP/ USD

The sterling rose yesterday against the U.S. dollar using the formed bottom at the support level 1.6282 coinciding with a bullish trendline of an expected channel and reached the resistance level 1.6405 to form a bearish top lower than the formed one at the resistance level 1.6475, this top pushed the pair to decline breaking the support levels 1.6282 and 1.6223 amid riots in London as violence spreads across England, the pair formed a bearish bottom at the level 1.6175 and used it to rise trying to re-test the near resistance level, this rising was supported by declining the U.S. dollar against a basket of its counterparts. London’s riots and U.S. dept crisis make some sort of volatile trades, so it is expected that if the pair broke the resistance level 1.6325 upside, it will continue rising targeting the level 1.6475 but if the pair broke the support level 1.6175 downside, it will continue declining targeting the next support level at 1.6075.

Res: 1.6425 1.6533 1.6658
Pivot: 1.6300
Sup: 1.6192 1.6067 1.5959
](http://www.herosh.com)[IMG]

USD/CHF

The USD/CHF pair fell previously REACHING 0.7075 price that consider the lowest price ever for the pair, to rice from this level trying to retest appropriate resistance level such 0.7300 which if the pair was able to pass it; the pair will target 0.7470 resistance level, but if this level held it will push the pair to retest the previous price 0.7075 and if this level was broken the pair will target 0.6930 support.

Res: 0.7506 0.7807 0.8022
Pivot: 0.7291
Sup: 0.6990 0.6775 0.6474
](http://www.herosh.com)[IMG]

USD/CAD

After declining the USD/CAD pair yesterday reaching all the expected targets in the last analysis, it is expected that the pair will continue declining although it failed to close below the support level 0.9773 which represents 38.2% of fibonacci’s correction level so it is expected that the pair will re-test the support level 0.9773 and if the pair held below it, it will target the support level 0.9707 which represents 50.0% of fibonacci’s correction level, and if the pair held below this level it will target the support level 0.9639 which represents 61.8% of fibonacci’s correction level.

The stability of these expectations requires the stability of the pair below the support level 0.9773.

Res: 0.9929 1.0088 1.0169
Pivot: 0.9848
Sup: 0.9689 0.9608 0.9449
](http://www.herosh.com)[IMG]

AUD/USD

The AUD/USD pair was able to rise after the support level 0.9927 held, to reach 1.0411, as if the pair rose up to pass this level it will target the resistance level 1.0525, but if the current resistance level held it will push the pair to fall in order to break the support level 1.0310 to target then 1.0205 support.

Res: 1.0511 1.0669 1.0961
Pivot: 1.0219
Sup: 1.0061 0.9769 0.9611

Success_gateway · August 12, 2011, 5:38am

EUR/USD

The EUR/USD pair short-term and intraday levels movement is characterized by strong volatility between rising and declining, and also under the weight of conflicting data which comes out of the biggest economic power in the world between the resistance level 1.45370 which represents 23.6% Fibonacci retracement correction level for the last medium-term bullish wave and the support level 1.4100 which represents 61.8% from the same previous mentioned Fibonacci retracement correction level, if the pair break one of these levels so the short and medium-terms breaking direction will be confirmed.
Today’s expectations; volatility will be continued, the pair tried yesterday to achieve some gains ended by the intraday trades beginning whereas the pair is trying to decline targeting the support level 1.4100 again.

Res: 1.4320 1.4399 1.4507
Pivot: 1.4212
Sup: 1.4133 1.4025 1.3946
](http://www.herosh.com)[IMG]

GBP/ USD

As it was expected through the last analysis, the GBP/USD pair rose during yesterday trades to achieve the highest price around the level 1.6250 which represents 38.2% of fibonacci’s correction level for the bearish move (From 1.6476 to 1.6110), the pair rose supported by the formed bottom at the level 1.6128 which represents 50.0% of fibonacci’s correction level for the bullish move (From 1.5780 to 1.6476), more rising is expected during the upcoming trades but under the condition of breaking upside the coinciding area of the resistance level 1.6250 with a near-term bearish trendline, then the pair will continue rising targeting the level 1.6390, this scenario requires the stability of the support level 1.6128, breaking this level means more declining till the next support level at 1.6046.

Res: 1.6280 1.6323 1.6408
Pivot: 1.6195
Sup: 1.6152 1.6067 1.6024
](http://www.herosh.com)[IMG]

USD/CHF

The USD/CHF pair rose previously reaching 0.7628 level that coincide with 38.2% correction level for the bearish move from 0.8520 to 0.7075 that consider the lowest price ever for the pair, as it is expected with the stability of 38.2% level that the pair will fall searching appropriate support such 0.7470 then 0.7417 that represents 23.6% correction level, but if the pair was able to pass 0.7628 level it will rise targeting 0.7798 resistance level that represents 50% correction level.

Res: 0.7789 0.7960 0.8235
Pivot: 0.7514
Sup: 0.7343 0.7068 0.6897
](http://www.herosh.com)[IMG]

USD/CAD

The USD/CAD pair has stopped its rising at the resistance level 1.0007 to fall from this level forming a bottom at the support level 0.9766 coinciding with 38.2% correction level for the last bullish move from 0.9407 to the mentioned top, and it is noticed that the pair was able to form a symmetrical triangle and breaking any of its ribs will determine the pair direction for the upcoming trades, as if the top rib was broken with the resistance level 1.0007 the pair will rise targeting 1.0165 that represents the pattern target in bullish case, but breaking the bottom rib will push the pair to target 0.9766 then 0.9636 that represents the pattern target in the bearish case coinciding with 61.8% correction level.

Res: 0.9924 1.0009 1.0052
Pivot: 0.9881
Sup: 0.9796 0.9753 0.9668
](http://www.herosh.com)[IMG]

AUD/USD

The AUD/USD pair was able to rise after the support level 0.9927 held, to reach 1.0411resistance level to fall from this level forming a bottom at 1.0110 level previously which stopped the falling for the pair and formed the harmonic pattern (AB=CD), where it is expected during the upcoming trades that the pair will retest the resistance level 1.0411, which if was broken the pair will target the resistance level 1.0590 as the expected (D) point for the pattern that coincides with 161.8% continuous level for the (BC) wave, but if the resistance level 1.0411 will push the pair to fall in order to retest the support level 1.0110 then 0.9927.

The previous analyze remains

Res: 1.0435 1.0520 1.0683
Pivot: 1.0272
Sup: 1.0187 1.0024 0.9939

Success_gateway · August 15, 2011, 5:23am

EUR/USD

The EUR/USD pair short-term and intraday levels movement is characterized by strong volatility between rising and declining, and also under the weight of conflicting data which comes out of the biggest economic power in the world between the resistance level 1.4370 which represents 23.6% Fibonacci retracement correction level for the last medium-term bullish wave and the support level 1.4100 which represents 61.8% for the same previous mentioned Fibonacci retracement correction level, if the pair break one of these levels so the short and medium-terms breaking direction will be confirmed.
As was expected previously, the price tested the support level 1.4100 and was pushed up from it, it’s expected that this oscillation will be continued during the intraday levels and rising the pair up targeting the resistance level 1.4370.

Res: 1.4311 1.4371 1.4451
Pivot: 1.4231
Sup: 1.4171 1.4091 1.4031
](http://www.herosh.com)[IMG]

GBP/ USD

The support level 1.6110 succeeded to hold against the GBP/USD pair testing to push the price upside breaking the top border of the bearish channel that was formed in the last mid-term trades, it is expected that the pair will continue rising targeting the resistance level 1.6380 followed by 1.6475 which represents the target of breaking the channel with the probability of returning the prices back to test the support level 1.6230 with testing the top border of the bearish channel, trading the pair below the support level 1.6230 will push it to decline targeting to test the formed bottom at the support level 1.6110.

Res: 1.6339 1.6398 1.6485
Pivot: 1.6252
Sup: 1.6193 1.6106 1.6047
](http://www.herosh.com)[IMG]

USD/CHF

The USD/CHF pair rose previously reaching 0.7968 resistance level that coincide with 61.8% correction level for the bearish move from 0.8520 to 0.7075, where it is expected by the stability of 50% correction level that the pair will continue rising to break 0.7968 resistance and to target then 0.8180 resistance level that coincide with 76.4% correction level, but the stability of the current resistance with breaking the support level 0.7798 will push the pair down to retest the support level 0.7625 that represents 38.2% correction level.

Res: 0.7862 0.7943 0.8100
Pivot: 0.7705
Sup: 0.7624 0.7467 0.7386
](http://www.herosh.com)[IMG]

USD/CAD

The USD/CAD pair was trading below the bearish trendline during the last trades for near and mid-term trades so it is expected that it will continue declining aiming to correct its bullish direction targeting the support level 0.9866 which represents 23.6% of fibonacci’s correction level for the bullish direction, holding the pair below this level makes it target the support level 0.9778 which represents 38.2% of fibonacci’s correction level for the bullish direction which if held below this level makes it target the support level 0.9635 which represents 61.8% of fibonacci’s correction level for the bullish direction.
The stability of these expectations requires the stability of the pair below the support level 0.9849 which represents the bearish trendline.

Res: 0.9938 0.9970 1.0023
Pivot: 0.9885
Sup: 0.9853 0.9800 0.9768
](http://www.herosh.com)[IMG]

AUD/USD

As was expected for the AUD/USD pair was able to rise to face 1.0411 resistance level that represents the (B) point for the mentioned harmonic pattern (AB=CD), which if was broken the pair will target the resistance level 1.0590 as the expected (D) point for the pattern that coincides with 161.8% continuous level for the (BC) wave, but if the resistance level 1.0411held; it will push the pair to fall in order to retest the support level 1.0110 then 0.9927.

Res: 1.0394 1.0436 1.0511
Pivot: 1.0319
Sup: 1.0277 1.0202 1.0160