My forecasts by EURUSD, GBPUSD, USDCHF, USDJPY, GOLD - page 15
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Technical Analysis usd / jpy on February 9, 2010
After the avalanche motion on Thursday (when the couple had gone down by more than 200 points) on Friday and Monday on the chart formed a converging triangle, up from the output of which seems now to be happening. Moving averages EMA21 and EMA55 slow their decline, indicators MACD and RSI show the accelerating force uptrend - the first is preparing to up its crossing the center line, the second of its already crossed. While the growth rests on a pair of resistance in the form of EMA55, after overcoming a couple will go to 89.80 and further testing 90.00. Downward movement has more obstacles - the pair can support the level of 89.40, EMA21 and the upper boundary of a descending triangle. If successful, the downward movement will continue to 89.20 and further testing 89.00.
Support levels: 89.40, 89.20, 89.00 Resistance levels: 90.30, 90.00, 89.80
by: Popular Social Network of Forex | Popular Social Network of Forex - Popular Social Network of Forex... | Forex.yourblog.biz | F
Technical analysis eur / usd on February 9, 2010
At the end of last week, couple "exchanged" level of 1.3600, showing a Friday session at least 1.3582. Movement down on Friday was the same relatively strong, as in the previous two days, but the couple, however, closed above 1.3600 marks. Yesterday couple moved in the corridor 1.3600-1.3700, energetically testing both its borders. During today's trading couple grows, being able to overcome the downward resistance. The average sliding EMA21 and EMA55 slowed in its movement downwards, MACD and RSI indicators point to weak growth of a pair - the second has not yet crossed up his central line in contrast to the first. The main purpose of this up - to overcome the level of 1.3700 (with resistance from EMA55) followed by a move towards resistance at 1.3720 and further to 1.3750. The purpose of down-checking the strength of support at 1.3750, then local support at 1.3730 and then re-attempt the test marks 1.3600.
Support levels: 1.3650, 1.3630, 1.3600 Resistance levels: 1.3700, 1.3720, 1.3750
by: Popular Social Network of Forex | Popular Social Network of Forex - Popular Social Network of Forex... | Forex.yourblog.biz | F
Technical Analysis usd / chf on February 11, 2010
Reduction couples on Tuesday to more than 100 items have been suspended by the rising support level and 1.0640. Yesterday couple grew unevenly, varying along the rising support in an unsuccessful attempt to gain a foothold above 1.0700. during today's trading pair again was able to overcome the rising support and go down to a mark 1.0640. Couple continues its downward movement within the corrective downtrend channel. Moving averages EMA21 and EMA55 indicate movement down, MACD and RSI indicators are now also talking about the descent, under their central lines. The main objective is to achieve a down-level 1.0600, which would have to overcome support in the levels of 1.0640 and 1.0620, as well as the midline downlink. Next - 1.0560 exit from the channel bottom. The aim upwards - 1.0700, but the resistance level at 1.0680 (with additional resistance from the moving averages EMA21 and EMA55, as well as from the rising resistance now) couple may slow down. After that - moving up to the level of 1.0740-1.0750
Resistance levels: 1.0680, 1.0700, 1.0740-1.0750 Support levels: 1.0640, 1.0600,1.0560
by: Popular Social Network of Forex | Popular Social Network of Forex - Popular Social Network of Forex... | Forex.yourblog.biz | F
Technical Analysis usd / jpy on February 11, 2010
Exit converging triangle was up steam in the course of trading on Tuesday have come to a mark 89.80. The beginning of yesterday's trading was associated with testing the level of 90.00, from which steam rolled down, once again received support at the 89.40 level and the rising support. Closed steam chredu about 90.00 mark. Today's attempt to gain a foothold above this level has proved unsuccessful, the pair again traded under it. Moving averages EMA21i EMA55 show fairly steady uptrend, MACD and RSI indicators are above their central lines, and some decrease. The main goal up to today - securing higher mark 90.00. In the case of a successful outcome following objectives will be 90.40 and 90.60. Downward movement is aimed at overcoming the mark of 89.80 (with support from a pair of EMA21 and EMA55), a further move to 89.40 may be complicated by the rising support, then to be 89.00.
Support levels: 89.80, 89.40, 89.00 Resistance levels: 90.00, 90.40, 90.60
by: Popular Social Network of Forex | Popular Social Network of Forex - Popular Social Network of Forex... | Forex.yourblog.biz | F
12/02/2010 usdjpy,eurusd,gbpusd
JPY
Pivot: 90.00.
Our preference: short positions 89.95 with targets 89.55 and 89.15.
Alternative scenario: a breakthrough top 90 open the way to 90.25 and 90.45.
Comment: The pair capped by a declining trend line and a challenge to his support.
Trend: ST Ltd Upside; MT Range
Key levels Comment
90.45 Intraday resistance
90,25 Intraday resistance
90 Intraday Pivot Point
Last 89.73
89,55 Intraday support
89,15 Intraday support
88,85 Intraday support
GBPUSD 12/02/2010
Pivot: 1.5730.
Our Preference: short positions 1.572 with 1.5645 and 1.5565 as next targets.
Alternative scenario: The upside breakout of 1.573 will open the way to 1.5775 and 1.585.
Comment: the pair should strike against its resistance as the RSI is badly directed.
Trend: ST Ltd Downside; MT Range
Key levels Comment
1.585 Intraday resistance
1.5775Intraday resistance
1.573 Intraday pivot point
1.569 Last
1.5645Intraday support
1.5565Intraday support
1.548 Intraday support
EURUSD 12/02/2010
Pivot: 1,3735.
Preference: SHORT positions 1.3725 with targets 1.364 and 1.3585.
Alternative scenario: the penetration of 1.3735 will require up 1,379 and 1,384.
Comment: The pair remain under pressure and must face the weakness of its next support.
Trend: ST Ltd Downside; MT Range
Key levels Comment
1,384 Intraday resistance
1,379 Intraday resistance
1,3735Intraday Pivot Point
Last 1.3664
1,364 Intraday support
1,3585Intraday support
1,3525Intraday support
by: Popular Social Network of Forex | Popular Social Network of Forex - Popular Social Network of Forex... | Forex.yourblog.biz | F
Although the greenback rose to as high as 1.0827 today, as the currency pair retreated after failing to break resistance at 1.0829, suggesting further consolidation within 1.0647-1.0829 range would take place and below the convergence of the Tenkan-Sen and Kijun-Sen (now both at 1.0737) would bring another corrective fall to 1.0680 but said lower level should remain intact, bring another rally later. Above said resistance would confirm upmove from 2009 low of 0.9910 has resumed and extend gain towards 1.0870 (1.236 times projection of 0.9910 to 1.0509 measuring from 1.0130) but the greenback should falter well below 1.0939 (50% Fibonacci retracement of 1.1967 to 0.9910).
In view of this, we are still looking to buy dollar on pullback for such rise. Only breach of support at 1.0609 would confirm top has been formed and risk retracement to 1.0562 (38.2% Fibonacci retracement of 1.0130 to 1.0829) but reckon support at 1.0497 would remain intact.[Written by ActionForex]
"P&F USDCHF1440 Box Size 200X3 or(4.78%) CLOSE
Data 1.5248 - 0.9861 ~ 92 Month ~ 2800 Day
Database 2000 records 1.07766 (Last Close)
2002-06-20 00~00
2010-02-18 00~00 (GMT+01:00) Paris
BJF Trading Group"
BJF Trading Group chart"
1.5200|~2OO||_____________________________________|0.31%|54.14%
1.5000|~4OO||X_X__________________________________|1.63%|52.11%
1.4800|~6OO||_oXo_________________________________|2.94%|50.09%
1.4600|~8OO||_oXo_________________________________|4.25%|48.06%
1.4400|~1OOO|_o_o_________________________________|5.56%|46.03%
1.4200|~12OO|___o_________________________________|6.87%|44%
1.4000|~14OO|___oX_X______________________________|8.18%|41.97%
1.3800|~16OO|___oXoXo_____________________________|9.5%|39.95%
1.3600|~18OO|___oXoXoX____________________________|10.81%|37.92%
1.3400|~2OOO|___oXoXoXo___________________________|12.12%|35.89%
1.3200|~22OO|___o_oXoXo__________X_X______________|13.43%|33.86%
1.3000|~24OO|_____oXo_oX_______X_XoXo_____________|14.74%|31.83%
1.2800|~26OO|_____o___oXoX_X___XoXoXo_____________|16.05%|29.8%
1.2600|~28OO|_________oXoXoXo__XoXoXoX____________|17.37%|27.78%
1.2400|~3OOO|_________oXoXoXo__XoXo_oXoX__________|18.68%|25.75%
1.2200|~32OO|_________o_o_o_oX_Xo___oXoXo____X____|19.99%|23.72%
1.2000|~34OO|_______________oXoX____oXoXo____Xo___|21.3%|21.69%
1.1800|~36OO|_______________oXoX____o_o_o____XoX__|22.61%|19.66%
1.1600|~38OO|_______________oXoX________o____XoXo_|23.92%|17.64%
1.1400|~4OOO|_______________oXo_________oX___XoXo_|25.24%|15.61%
1.1200|~42OO|_______________o___________oXoX_XoXo_|26.55%|13.58%
1.1000|~44OO|___________________________oXoXoXoXo_|27.86%|11.55%
1.0800|~46OO|___________________________o_oXoXoXo_|29.17%|9.52%
1.0600|~48OO|_____________________________oXo_oXoX|30.48%|7.49%
1.0400|~5OOO|_____________________________oX__o_oX|31.79%|5.47%
1.0200|~52OO|_____________________________oX____oX|33.11%|3.44%
1.0000|~54OO|_____________________________oX____oX|34.42%|1.41%
0.9800|~56OO|_____________________________o_____o_|35.73%|-0.62%
Column|~58OO|1339466537443338548454474438387389714|
Count||||||||___________________________________O_|
GBP/USD closed higher due to short covering on Tuesday signalling a possible end to the two-day bounce off the 50% retracement level of the 2008-2009-rally crossing. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are diverging but are turning neutral to bearish hinting that additional weakness is possible. If it extends the decline off January's high, the 62% retracement level of 2009's rally crossing is the next downside target. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.[Written by HY Markets]
"P&F GBPUSD1440 Box Size 250X3 or(4.33%) HI/LO
Data 2.1161 - 1.3502 ~ 92 Month ~ 2799 Day
Database 2000 records 1.54478 (Last Close)
2002-06-27 00~00
2010-02-24 00~00 (GMT+01:00) Paris
BJF Trading Group chart"
2.1250|~25O||_____________________________________|-0.42%|57.38%
2.1000|~5OO||_________________X___________________|0.76%|55.53%
2.0750|~75O||_________________Xo__________________|1.94%|53.68%
2.0500|~1OOO|_______________X_Xo__________________|3.12%|51.83%
2.0250|~125O|_______________XoXoX_________________|4.31%|49.98%
2.0000|~15OO|_______________XoXoXo________________|5.49%|48.13%
1.9750|~175O|_______________Xo_oXo________________|6.67%|46.27%
1.9500|~2OOO|_________X_____X__o_o________________|7.85%|44.42%
1.9250|~225O|_________Xo____X____o________________|9.03%|42.57%
1.9000|~25OO|_____X___Xo__X_X____o________________|10.21%|40.72%
1.8750|~275O|_____XoX_Xo__XoX____o________________|11.39%|38.87%
1.8500|~3OOO|_____XoXoXo__XoX____oX_______________|12.58%|37.02%
1.8250|~325O|_____XoXoXoX_Xo_____oXo______________|13.76%|35.17%
1.8000|~35OO|_____XoXoXoXoX______oXo______________|14.94%|33.31%
1.7750|~375O|_____XoXo_oXoX______oXo______________|16.12%|31.46%
1.7500|~4OOO|_____Xo___o_oX______o_o______________|17.3%|29.61%
1.7250|~425O|_____X______o_________o______________|18.48%|27.76%
1.7000|~45OO|=====X================o==========X===|19.66%|25.91%
1.6750|~475O|___X_X________________o__________XoX_|20.84%|24.06%
1.6500|~5OOO|_X_XoX________________oX_________XoXo|22.03%|22.2%
1.6250|~525O|_XoXoX________________oXo________XoXo|23.21%|20.35%
1.6000|~55OO|_XoXoX________________oXo________XoXo|24.39%|18.5%
1.5750|~575O|oXoXo_________________oXo________Xo_o|25.57%|16.65%
1.5500|~6OOO|oXo===================o=oX=X=====X==o|26.75%|14.8%
1.5250|~625O|o_______________________oXoXoX___X___|27.93%|12.95%
1.5000|~65OO|________________________oXoXoXo__X___|29.11%|11.09%
1.4750|~675O|________________________o_oXoXoX_X___|30.3%|9.24%
1.4500|~7OOO|__________________________o_o_oXoX___|31.48%|7.39%
1.4250|~725O|______________________________oXoX___|32.66%|5.54%
1.4000|~75OO|______________________________oXoX___|33.84%|3.69%
1.3750|~775O|______________________________o_o____|35.02%|1.84%
1.3500|~8OOO|_____________________________________|36.2%|-0.01%
Column|||||||3545416547834739356314147344436441545|
Count||||||||_____3______________1_2__________3___|
EUR/USD forecast
H4 graph
The pair is following a sideways trading pattern, partially leaving the “B-B+” daily downtrend. A potential of uptrend development emerged after the Friday payrolls release followed by getting to level 1.3620. The target of that potential uptrend would be found at level 1.3800. We may try to buy from 1.3820 with the target at 1.3800 and stop loss below 1.3560.
Daily graph
The pair is trading along the “F-F+” downtrend, however after the Friday payrolls release there appeared signs of an upside towards level 1.3805, which is the 4th (Elliot’s) wave. Upon getting to that level, the 5th down-trending wave is supposed to develop having the target at level 1.2870..
GBP/USD
H4 graph
The pair rose above level 1.5130, which implies breaking of the “B-B+” downtrend. For this reason, in case the pair rises above level 1.5230, we should expect it to reach level 1.5410 (the 4th wave). We may try buying above 1.5130 with the target at 1.5410 and stop loss below 1.5090.
Daily graph
After rising above level 1.5130 the pair got a possibility to leave the “B-B+” downtrend. In case it will get over level 1.5230, the pair will reach its target level 1.5410 (the 4th Elliot wave, a correction wave). Upon the fact of reaching that level I expect a downtrend to develop having the drop target set at level 1.4350 (the 5th wave).
Alternatively, if wave picture fails and in case the pair rises above level 1.5550, then upon the fact of leaving the “F-F+” weekly downtrend the pair will get to level 1.6000 - the higher bound of the green downtrend.
Trading Signal
Triple BUY signal on EurUSd @ 1.3610, 1.3595 and 1.3588
Put Break Even Stop Loss if price goes 1.3661
TP 1.3696 (for all 3 positions)
SL 1.3560 (for all 3 positions)