GIGFX Daily Economic Analysis - page 20
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Wednesday 23th 2011 GIGFX Technical Analysis Report
EUR/USD
The EUR/USD pair moves in a sideway direction for the medium periods, about the intraday trades the pair moved unlike expectations rising to pass the resistance level 1.4450 then reflected down to trade below it during the current trades, as the pair moves inside a bullish channel range for the medium and short trades, and it should be mentioned the stability of the support level 1.4370 that represents 23.6% correction level for the last bullish move for the long period which support the pair bullish direction in order to target the resistance level 1.4535 as the 1ST target for the expected rising.
This analyze requires the stability of the support level 1.4370.
Res: 1.4508 1.4576 1.4653
Pivot: 1.4431
Sup: 1.4363 1.4286 1.4218
AUD/USD
At the end of yesterday trades the pair succeeded to reach the resistance level 1.0546 which represents the point D as it formed Gartley harmonic pattern, the pair reached the support level 1.0479 but it was unable to hold below this level so it is expected that the pair will continue declining re-targeting the support level 1.0479 and if the pair held below this level it will target the support level 1.0364 which represents the point C and if the pair held below this level it will target the support level 1.0308 which represents the point A.
The stability of these expectations requires the stability of the pair below the support level 1.0479 which represents the point B.
Res: 1.0576 1.0628 1.724
Pivot: 1.480
Sup: 1.0428 1.0332 1.0280
Thursday 25th 2011 GIGFX Technical Analysis Report
EUR/USD
The EUR/USD pair is moving inside a bullish channel for the medium and short periods, as the stability of the support level 1.4370 that represents 23.6% correction level for the last bullish move for the long periods gives a confirmation for the pair expected bullish move, as the pair is expected to target the resistance level 1.4535 as long as the pair trades remains above 1.4370 support level.
This analyze requires the stability of the support level 1.4370
Res: 1.4469 1.4524 1.4568
Pivot: 1.4425
Sup: 1.4370 1.4326 1.4271
AUD/USD
The pair succeeded to correct its last bearish direction till reached the support level 1.0364 which represents 38.2% of fibonacci's correction level for the bearish direction so it is expected that the pair will continue correcting targeting the resistance level 1.0495 which represents 50.0% of fibonacci's correction level and if the pair held above this level it will target the resistance level 1.0633 which represents 61.8% of fibonacci's correction level and if the pair held above this level it will target the resistance level 1.0957 which represents 76.4% of fibonacci's correction level.
The stability of these expectations requires the stability of the pair above the resistance level 1.0495.
Res: 1.0517 1.0565 1.0600
Pivot: 1.0482
Sup: 1.0434 1.0399 1.0351
Friday 26th 2011 GIGFX Technical Analysis Report
EUR/USD
The EUR/USD pair is moving inside a bullish channel for the medium and short periods, as the stability of the support level 1.4370 that represents 23.6% correction level for the last bullish move for the long periods gives a confirmation for the pair expected bullish move, as the pair is expected to target the resistance level 1.4535 as long as the pair trades remains above 1.4370 support level.
This analyze requires the stability of the support level 1.4370
The previous analyze remains
Res: 1.4458 1.4539 1.4604
Pivot: 1.4393
Sup: 1.4312 1.4247 1.4166
AUD/USD
The pair is moving inside a bullish channel for near and mid-term trades so it is expected that the index will continue rising targeting the resistance level 1.527 and if the index held above this level it will target the resistance level 1.0597 which represents the top border of the channel.
The stability of these expectations requires the stability of the pair above the support level 1.0427 which represents the bottom border of the channel.
Res: 1.0486 1.0543 1.0575
Pivot: 1.0454
Sup: 1.0397 1.0365 1.0308
Monday September 5th 2011 GIG FX Technical Analysis Report
EUR/USD
As was expected the EUR/USD pair fell previously to reach the support level 1.4140 trying to break this level during the current trades, as if the pair succeeded to close below this level it will target 1.4055 support level, but if the pair could not trade below 1.4140 it will rise in order to retest the nearest resistance levels such as 1.4228 then 1.4314.
Res: 1.4261 1.4326 1.4365
Pivot: 1.4222
Sup: 1.4157 1.4118 1.4053
AUD/USD
The pair broke out the reversal bullish wedge pattern by breaking the support level 1.0704 at the end of the last week, this level coincides with the bottom border of the pattern, at the asian session the pair succeeded to break the support level 1.0601 which was the expected target to reach so it is expected that the pair will target the support level 1.0315 and if the pair held below this level it will target the support level 1.410.
The stability of these expectations requires the stability of the resistance level 1.0601.
Res: 1.0715 1.0777 1.0822
Pivot: 1.067
Sup: 1.0608 1.0563 1.0501
Tuesday September 6th 2011 GIGFX Technical Analysis Report
EUR/USD
The EUR/USD pair continued its falling as was expected to reach the support level 1.4055 during the current trades; which was mentioned through the previous report, as if the pair tends to continue that bearish direction it must break 1.4055 support to target then 1.3925 support level, with a good chance to rise back in order to retest the resistance level 1.4170, but in case the pair tends to rise it must break the mentioned resistance with a good close above it to target then the resistance level 1.4300.
Res: 1.4159 1.4222 1.4271
Pivot: 1.4110
Sup: 1.4047 1.3998 1.3935
AUD/USD
The pair started a declining move since the beginning of this week till now affected by exiting the reversal bullish wedge pattern for mid-term trades as it succeeded to break the bottom border of the pattern expecting more declining targeting the support level 1.0420 and if the pair continued declining and closed below this level it will target the support level 1.0240 with the probability of rising to re-test the resistance level 1.0650 then it will decline again.
The stability of these expectations requires the stability of the resistance level 1.0650.
Res: 1.0615 1.0683 1.0735
Pivot: 1.0563
Sup: 1.0495 1.0443 1.0375
Monday September 12th 2011 GIG FX Technical Analysis Report
EUR/USD
As observed that, the EUR/USD pair formed a short and medium-terms bearish directions whereas the hard declining for the EUR against the hard rising for the USD is observed, with this week trades beginning the pair registered a bearish price gap which came to confirm the strength of the dominant bearish direction for the EUR/USD pair trades, whereas continuing this bearish move is expected till the support level 1.3398 which represents 161.8% Fibonacci retracement continuous level for the bullish direction (from 1.3837 to 1.4548) the expected condition for breaking the level 1.3500, if the covered all the price gap with breaking up the resistance level 1.3645 so it's likely that this will be a strong sign for beginning a bearish corrective direction and the pair will retest the resistance level 1.3837.
Res: 1.3857 1.4051 1.4166
Pivot: 1.3742
Sup: 1.3548 1.3433 1.3239
AUD/USD
The pair continued declining breaking the support level 1.0485 which coincides with 38.2% of fibonacci's correction level for the last bullish wave (From 0.9930 to 1.0760) and after breaking the level 1.0355 which represents 50.0% of fibonacci's correction level for the same last bullish wave it is expected that it will continue declining targeting the level 1.0245 which represents the target of the bullish wedge pattern which coincides with 61.8% of fibonacci's correction level for the last bullish wave.
The stability of these expectations requires the stability of the resistance level 1.0475.
Res: 1.0586 1.0718 1.0801
Pivot: 1.0503
Sup: 1.0371 1.0288 1.0156
Tuesday September 13th 2011 GIGFX Technical Analysis Report
EUR/USD
During yesterday trades the EUR/USD pair didn't achieve a price below the level 1.3500 achieving a daily close to cover all the bearish gap, this close represents a strong signal for beginning forming a bullish corrective direction, it's expected that the pair will initially target the level 1.3747, breaking this level up means rising till the next corrective level at 1.3900 which represents 38.2% Fibonacci retracement correction level for the bearish direction (from 1.4548 to 1.3500), this scenario depends on the stability of the support level 1.3500, breaking this level down means a further drop till the support level 1.3398 which represents 161.8% Fibonacci retracement continuous direction for the bullish direction (from 1.3837 to 1.4548).
Res: 1.3747 1.3815 1.3938
Pivot: 1.3624
Sup: 1.3556 1.3433 1.3365
AUD/USD
As it was expected through yesterday report, the pair declined to the level 1.0245 which represents 61.8 of fibonacci's correction level for the last bullish wave (from 0.9930 to 1.0760) and rose again with stability above the level 1.0355 which represents 50.0% of fibonacci's correction level for the last mentioned bullish wave, it is expected that the pair will continue rising during the upcoming intraday trades targeting the level 1.0475.
The stability of these expectations requires the stability of the support level 1.0245.
Res: 1.0438 1.0532 1.0624
Pivot: 1.0346
Sup: 1.0252 1.0160 1.0066