Forex Technical Analysis
EUR/USD Weekly Outlook 13 Februari 2012
Despite edging higher to 1.3321 last week, EUR/USD lost momentum from there and retreated sharply. A short term top is likely in place with bearish divergence condition in 4 hours MACD. Initial bias is neutral this week with focus on 1.3028 support. Break there will indicate completion of the rebound from 1.2625 and bring retest of this support. Also, in that case, whole decline from 1.4939 is likely resuming for another low below 1.2625. On the upside, above 1.3321 will extend the rebound from 1.2625 towards 61.8% retracement of 1.4246 to 1.2625 at 1.3627.
Despite edging higher to 1.3321 last week, EUR/USD lost momentum from there and retreated sharply. A short term top is likely in place with bearish divergence condition in 4 hours MACD. Initial bias is neutral this week with focus on 1.3028 support. Break there will indicate completion of the rebound from 1.2625 and bring retest of this support. Also, in that case, whole decline from 1.4939 is likely resuming for another low below 1.2625. On the upside, above 1.3321 will extend the rebound from 1.2625 towards 61.8% retracement of 1.4246 to 1.2625 at 1.3627. Read More>>>
GBP/USD Weekly Outlook 13 Februari 2012
Despite edging higher to 1.5928, GBP/USD lost some momentum and retreated sharply. A short term top should be in place on bearish divergence condition in 4 hours MACD. Initial bias is mildly on the downside with focus on 1.5729 support. Sustained break there will confirm this case and turn outlook bearish for a test on 1.5234 low. Note that so far, GBP/USD is held well below 1.6165 key cluster resistance (61.8% retracement of 1.6746 to 1.5234 at 1.6168). Thus, whole decline from 1.6746 remains mildly in favor to continue.
Daily Overview 15 februari 2012
EUR/USD Mid-Day Outlook 15 Februari 2012
Daily Pivots: (S1) 1.3153; (P) 1.3218 (R1) 1.3252;
Bias Daily EUR / USD remains neutral (side way) for the current price with a focus on 1.3028 support. As noted earlier, in the short term there is an upper limit on the price of 1.3321 with bearish divergence conditions in H4 MACD. Through the settlement price of 1.3028 will indicate rebound from 1.2625 and retest the price back to this price, while continuing overall decline of 1.4939 with a target price below the price of 1.2625. On the contrary, in the price of 1.3321 would extend the rebound from 1.2625 with a target price of 61.8% retracement of 1.4246 to 1.2625 which is in the price of 1.3627.
GBP/USD Mid-Day Outlook 15 Februari 2012
Daily Pivots: (S1) 1.5740; (P) 1.5783; (R1) 1.5808;
Bias Daily GBP / USD remains the downside with 1.5826 as resistance rates. In the short term rates are still below 1.5928 with bearish divergence condition H4 MACD and the overall rebound from 1.5234 might be completed by the price already. GBP / USD is still not able to penetrate / continuous below 1.6165 resistance rates (61.8% retracement of 1.6746 to 1.5234 which is in the price of 1.6168). Thus, the overall decline from 1.6746 likelihood prices will continue. Further decline is to retest the 1.5234 price. On the contrary, above 1.5826 will change the price of a neutral bias (side way) and change the focus back to the 1.5928 price as the price of further resistance.
GBP/USD Weekly Outlook 20 Februari 2012
Although prices edging down to 1.5643 last week, GBP / USD staged a strong rebound from there. This development shows that the price rebound from 1.5928 has completed. More importantly, the increase of the price of 1.5234 is not over. Initial bias is slightly on the upside this week for the price of 1.5928. Breakdown of the price would confirm the resumption of the increase to 61.8% projection of 1.5234 to 1.5928 from 1.5643 is 1.6072 diharga. In the meantime, note again that the price of 1.6165 (61.8% retracement of 1.6746 to 1.5234 at 1.6168) is still no confirmation taktersentuh and completion rates decreased from 1.6746. Below the price of 1.5643 will bias back to the downside for the price of 1.5234.
EUR/USD Weekly Outlook 20 Februari 2012
Although the price drops to 1.2974, EUR / USD rebounded strongly and to penetrate the 1.3190 resistance rates. Initial bias is neutral (side way) this week. Above the 1.3321 price will continue its rebound from the target price of 1.2625 and 61.8% retracement of 1.4246 to 1.2625 which is in the price of 1.3627. On the reverse side, below 1.2974 will revive prices to the downside for 1.2625 support prices.
GBP/USD Daily Outlook 21 Februari 2012
Daily Pivots: (S1) 1.5786; (P) 1.5823; (R1) 1.5858;
Daily bias in GBP / USD remains in a little upside for now and prices rise further towards 1.5928 resistance, breakdown of the price would confirm the resumption of the rise in prices has been started from 1.5643 to 61.8% projection of 1.5234 -1.5928 is the price of 1.6072. In the meantime, note again that the price of 1.6165 major resistance (61.8% retracement of 1.6746 to 1.5234 which is in the price of 1.6168) remains untouched, so there has been no confirmation of completion of the reduction of the price of 1.6746. Below the 1.5643 price back to the downside bias for the price of 1.5234.
EUR/USD Daily Outlook 21 Februari 2012
Daily Pivots: (S1) 1.3104; (P) 1.3151 (R1) 1.3186;
Daily bias in EUR / USD remains neutral (side way) for the time being. Conditions on the upside if prices will continue to rebound from 1.3321 1.2625 and target price of 61.8% retracement of 1.4246 to 1.2625 which is in the price of 1.3627. On the reverse side, below the 1.2974 price back to the downside bias to support the price of 1.2625.
Daily Overview 22 februari 2012
B]GBP/USD Mid-Day Outlook 22 Februari 2012
Daily Pivots: (S1) 1.5803; (P) 1.5841; (R1) 1.5886;
With the price crossed below the MACD signal line H4, daily bias in GBP / USD to be neutral for the moment. The most important thing to note is that the price of 1.6165 major resistance (61.8% retracement of 1.6746 to 1.5234 which is in the price 1.6168) is still untapped. Thus, there is no confirmation of completion of the reduction of the price of 1.6746. Below the 1.5643 price bias back to the downside for the price of 1.5234. On the contrary, in the price of 1.5928 would extend the rebound of the price of 1.5234 with a target price of 1.6165 major resistance.
EUR/USD Mid-Day Outlook 22 Februari 2012
Daily Pivots: (S1) 1.3182; (P) 1.3229 (R1) 1.3288;
EUR / USD 's daily bias remains neutral (side way) for the time being. Conditions on the upside if prices will continue to rebound from 1.3321 1.2625 and target price of 61.8% retracement of 1.4246 to 1.2625 which is in the price of 1.3627. On the reverse side, below 1.2974 will revive prices to the downside for 1.2625 support prices.
Daily Overview 24 februari 2012
GBP/USD Mid-Day Outlook 24 Februari 2012
Daily Pivots: (S1) 1.5605; (P) 1.5710; (R1) 1.5771;
No change in view of GBP / USD 's. Still in the price range 1.5643/1.5928 and daily bias remains neutral. Again, note that the price of 1.6165 major resistance (61.8% retracement of 1.6746 to 1.5234 which is in the price of 1.6168) remained untouched. Thus, there is no confirmation of completion of the reduction of the price of 1.6746. Below the 1.5643 price will go back to the downside bias for the price of 1.5234. On the contrary, in the price of 1.5928 would extend the rebound of the price of 1.5234 with a target price of 1.6165 key resistance.
EUR/USD Mid-Day Outlook 24 Februari 2012
Daily Pivots: (S1) 1.3219; (P) 1.3242 (R1) 1.3274;
Breakdown of the price of 1.3321 resistance indicates that the EUR / USD 's rebound from 1.2625 prices will continue. Bias is the daily return on the upside and further rally to 61.8% retracement of 1.4246 to 1.2625 which is in the price of 1.3627. Sebaliknyanya side, below the 1.3186 price bias will turn neutral and bring consolidation (correction).
Weekly Overview 27 februari 2012
EUR/USD Weekly Outlook 27 Februari 2012
EUR / USD 's rebound from 1.2625 prices resumed last week and reached prices as high as 1.3486. Initial bias remains on the upside this week and an increase of 61.8% retracement target is 1.4246 to 1.2625 at price 1.3627. Looks bullish convergence condition in daily MACD. Therefore, the reduction of the price of 1.4939 might have completed at 1.2625 price. Further increases will look back on the price of 1.4246 resistance. Sebalknya side, below 1.3383 will change the pricing bias to neutral (side way) and bring consolidation / correction. However, strong support should be seen from the price 1.2974/1.3321 support zone containing the downside and a continued rise.
GBP/USD Weekly Outlook 27 Februari 2012
GBP / USD managed to hold above 1.5643 support prices last week and broke through the back price of 1.5879 minor resistance, indicating that the increase of the price of 1.5234 will continue. Initial bias is cautiously on the upside this week and broke through 1.5928 would confirm the bullish price, the price of 1.6165 resistance (61.8% retracement of 1.6746 to 1.5234 which is in the price 1.6168) is the target. On the contrary, through the price back to 1.5648 to confirm the formation of peaks in the short term.
Daily Overview 28 februari 2012
GBP/USD Mid-Day Outlook 28 Februari 2012
Daily Pivots: (S1) 1.5763; (P) 1.5831; (R1) 1.5941;
Currently the daily bias in GBP / USD is still upside to the price of 1.5928 resistance, breakdown of the price would confirm the resumption of the increase of the price target is 1.5234 and 1.6165 resistance rates (61.8% retracement of 1.6746 to 1 , 5234 is the price of 1.6168). On the reverse side, below 1.5793 will delay the bullish price and change the bias to neutral / consolidation (correction) rates again below 1.5928. But after all, be careful bullish for the price of 1.5648 support is not touched, and we expect a continued rise sooner or later.
EUR/USD Mid-Day Outlook 28 Februari 2012
Daily Pivots: (S1) 1.3376; (P) 1.3431 (R1) 1.3504;
With the price of H4 MACD crosses below the signal line, while the peaks are at 1.3486 and the price of the daily bias is neutral. Deeper decline could be seen in H4 55 EMA (now at the price of 1.3275), the decline is to price support (now at 1.3083) and bring another rise. Above the price of 1.3486 will target 61.8% retracement of 1.4246 to 1.2625 which is in the price of 1.3627. Breakdown of the price of 1.3627 will confirm the completion of cases overall decline of the price of 1.4939 at price 1.2625.
Daily Overview 29 februari 2012
GBP/USD Daily Outlook 29 Februari 2012
Daily Pivots: (S1) 1.5830; (P) 1.5869; (R1) 1.5938;
Breakdown of the price of 1.5928 resistance indicates that the price rebound from 1.5234 will continue. Daily Bias upside and further rally towards 1.6165 resistance rates (61.8% retracement of 1.6746 to 1.5234 which is in the price of 1.6168). On the reverse side, below the 1.5799 price bias will turn neutral again (side way). But after all, be careful bullish for the price of 1.5648 support has not been touched.
EUR/USD Mid-Day Outlook 29 Februari 2012
Daily Pivots: (S1) 1.3349; (P) 1.3414 (R1) 1.3461;
Daily bias in EUR / USD is neutral for the moment and consolidation (correction) are shown below 1.3486 while the price above. Further decline will be seen when the price below 1.3366 would target H4 55 EMA (now at the price of 1.3303). Upside conditions if the price broke through 1.3486 would extend the price of a new rally towards 61.8% retracement of 1.4246 to 1.2625 which is in the price of 1.3627. As noted earlier, the breakdown of the settlement price of 1.3627 confirmed cases of the price decline in the overall price of 1.4939 to 1.2625.
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