Forex Technical Analysis - page 2
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Daily Overview 1 Maret 2012
EUR/USD Mid-Day Outlook 1 Maret 2012
Daily Pivots: (S1) 1.3411; (P) 1.3441 (R1) 1.3493;
EUR / USD 's consolidation (correction) of the price of 1.3486 is still ongoing and daily bias remains neutral (side way), below 1.3366 support will target the price of 4 hours 55 EMA (now at the price of 1.3333). The above conditions will extend the price rally towards 1.3486 61.8% retracement of 1.4246 to 1.2625 which is in the price of 1.3627. As noted earlier, the price broke through 1.3627 would confirm the completion of the overall decline in the price of 1.4939 at price 1.2625.
GBP/USD Mid-Day Outlook 1 Maret 2012
Daily Pivots: (S1) 1.5830; (P) 1.5869; (R1) 1.5938;
Daily bias in GBP / USD is still upside for the moment. In the previous breakdown of the price of 1.5928 indicates that rebound from 1.5234 has re-pricing. Rally will further 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 1.5799 will turn bias rates become neutral again and bring consolidation (correction). But after all, be careful not bullish for the price of 1.5648 and we expect the rally moved further in the near future.
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Daily Overview 6 Maret 2012
EUR/USD Mid-Day Outlook 6 Maret 2012
Daily Pivots: (S1) 1.3143; (P) 1.3238 (R1) 1.3289;
EUR / USD 's daily bias is neutral, channel support in the price of 1.3152 , there is no indication of reversal for reversal and extend the rebound of the price1.2625 . Above the price of 1.3332 resistance is biased back to the upside for the price of 1.3486 . Nevertheless, if the channel broke through support at the price of 1.3152 again showed that the overall increase in the price of 1.2625 is complete at a price of 1.3486 . In such case, then a further decline seen for the pricesupport 1.2974.
GBP/USD Mid-Day Outlook 6 Maret 2012
Daily Pivots: (S1) 1.5779; (P) 1.5872; (R1) 1.5922;
GBP / USD broke through the support 1.5799 and came up. Developments so far have remained bullish outlook and daily neutral bias. Above the price of 1.5991 would extend recent gains towards the price of 1.6165 resistance (61.8% retracement of 1.6746 to 1.5234 at 1.6168). However, if a decline in prices through the back and 1.5784 will indicate that rebound from the overall price of 1.5234 is completed and will go back to the downside for pricessupport 1.5648 , we would like to emphasize that for the price of 1.6165 resistance has not been touched, there is no confirmation of completion of the reduction of the price of 1.6746 and the decline could continue lower.
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Daily Overview 7 Maret 2012
GBP/USD Mid-Day Outlook 7 Maret 2012
Daily Pivots: (S1) 1.5805; (P) 1.5840; (R1) 1.5899;
GBP / USD 's fall from the price of 1.5991 and the lowest price reached 1.5749 so far in early U.S. session today. The daily bias is the downside for the price 1.5648 support, a breakdown of the price would indicate that the rebound of the price of 1.5234 has completed with three waves in the price of 1.5991 . Also, note that for the price of 1.6165 resistance has not been touched, there is no confirmation of completion of the reduction of the price of 1.6746 . Breakdown of the price of 1.5648 will indicate continued decline in the price of 1.5234 . Conditions upside, above the price of 1.5881 to change bias to neutral (side way).
EUR/USD Mid-Day Outlook 7 Maret 2012
Daily Pivots: (S1) 1.3171; (P) 1.3206 (R1) 1.3252;
EUR / USD 's fall from the price of 1.3486 and the lowest price reached 1.3120 so far in the U.S. session yesterday. Overall rebound of the price of 1.2625 has completed with three waves up in price1.3486 . The daily bias is the downside for the price 1.2974 support. EUR / USD still maintains the pattern of decline in the price below 1.4939 . Below the price of 1.2974 indicates that the reduction of the price 1.4939 will continue under the price of 1.2625 . Conditions upside, above the price of 1.3241 resistance will change the bias to neutral.
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Daily Overview March 16, 2012
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Weekly Overview 19 march 2012
EUR/USD Weekly Outlook 19 March 2012
EUR / USD rebounded strongly after an initial drop to 1.3003 and the price in the short term may be formed with bullish convergence condition in H4 MACD. Initial bias is neutral (side way) in advance of this week, we still favor another reduction with 1.3290 as resistance. Below the price of 1.3048 will flip bias back to the downside and translucency of the settlement price of 1.2974 will confirm prices rebound from 1.2625. However, through the price of 1.3290 will indicate that the decline from 1.3486 has completed and the price, this will indicate that rise from 1.2625 is still continuing with prices above the target price of 1.3486.
GBP/USD Weekly Outlook 19 March 2012
Although the price dropped down to 1.5602 last week, GBP / USD showed a strong rebound from there and this indicates that the reduction of the price of 1.5991 has completed already. Initial bias is the upside to concentrate on the medium this week to test the price of 1.5991. Translucent price would confirm the return of the overall shape of the price rebound 1.5234 and target 1.6165 resistance (61.8% retracement of 1.6746 to 1.5234 at 1.6168). But note again that remain untouched as long as 1.6165, 1.6746 overall decline of the price support to continue. On the contrary, through reviving the price of 1.5602 will signal completion of the rebound of the price of 1.5234 and will bring retest at that price (1.5234).
USD/JPY Weekly Outlook 19 March 2012
USD / JPY rose to as high as 84.17 last week, forming a temporary peak and off. Initial bias is neutral (side way) this week for some consolidation (correction). conditions on the downside is the price of 81.86 support and bring another rise is still possible. Above 84.17 will extend the price increase of 76.02 price retested the 85.51 price resistance.
USD/CHF Weekly Outlook 19 March 2012
Although prices rose at 0.9334, USD / CHF failed to sustain and fell sharply ahead of the weekend. Initial bias is a little downside. However, short-term outlook has not changed (upside) as long as 0.9071 support prices untouched. The decline of the price of 0.9594 has completed with three waves in the price of 0.8930. The increase of the price of 0.8930 is expected to progress rapidly or slowly and above the price of 0.9253 would reverse the view to the upside. Translucent prices above 0.9334 will target 0.9594 price. However, below 0.9071 will indicate the price rebound from 0.8930 has completed and the price will probably extend the reduction of the price of 0.9594 to 0.8930 price below.
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Daily Overview 21 March 2012
USD/JPY Mid-Day Outlook 21 March 2012
Daily Pivots: (S1) 83.05; (P) 83.31; (R1) 83.59;
USD / JPY 's consolidation (correction) of the price of 84.17 and still in progress, another reduction can not be ruled out. But downsidenya side is above the 81.86 price support which will bring rally resumption. Above the price of 84.17 would continue the rise of the price of 76.02 to retest 85.51 resistance next.
GBP/USD Mid-Day Outlook 21 March 2012
Daily Pivots: (S1) 1.5838; (P) 1.5876; (R1) 1.5930;
With H4 MACD crossed below signal line, while the peak formed at 1.5913 and the daily bias is turned neutral (neutral). As long as 1.5747 support has not been touched, we support the reduction of 1.5991 has completed at 1.5602 and the rebound from 1.5234 will continue. Above the price of 1.5913 will target 1.5991 . Even so, under the price of 1.5747 indicates the downside and the focus will go back to 1.5602 support next, note again that as long as the price of 1.6165 key resistance (61.8% retracement of 1.6746 to 1.5234 at 1.6168 ) has not been touched, the overall decline in the price of 1.6746 will continue.
EUR/USD Mid-Day Outlook 21 March 2012
Daily Pivots: (S1) 1.3164; (P) 1.3215 (R1) 1.3288;
EUR / USD 's corrected and lost momentum after reaching 1.3265 and then rose sharply today. With the 1.3290 resistance, we are still slightly favor the bearish case that fall from 1.3486 has not been completed. Below the support price of 1.3141 bias going back to the downside and break through the price of 1.2974 will confirm completion rates rebound from 1.2625 . However, through the price of 1.3290 will indicate that the reduction of the price of 1.3486 has completed. More importantly, this would indicate that the increase of the price of 1.2625 as long as price is above the price of 1.3486 .
USD/CHF Mid-Day Outlook 21 March 2012
Daily Pivots: (S1) 0.9076; (P) 0.9127; (R1) 0.9163;
No change in outlook USD / CHF. With 0.9071 support, we are still slightly favor the bullish case. That is, the reduction of the price of 0.9594 has completed with three waves in the price of 0.8930 . Above the price of 0.9177 to the upside bias. Prices through 0.9334 would target above the price of 0.9594 . However, under the price of 0.9071 indicates that rebound of the price of 0.8930 has completed and probably will continue to decline in the price of 0.9594 to a price below 0.8930 .
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Daily Overview 22 March 2012
EUR/USD Mid-Day Outlook 22 March 2012
Daily Pivots: (S1) 1.3180; (P) 1.3215 (R1) 1.3259;
There was no change in outlook in EUR / USD 's. With the 1.3290 resistance, we are still slightly favor the bearish case that fall from 1.3486 is still continuing. Below the support price of 1.3141 a downside bias and, if successfully penetrate the 1.2974 will confirm completion rates rebound from 1.2625 . However, through the price of 1.3290 will indicate that the reduction of the price of 1.3486 has completed. More importantly, this would indicate that the increase of the price of 1.2625 will continue when the price is above 1.3486 .
GBP/USD Mid-Day Outlook 22 March 2012
Daily Pivots: (S1) 1.5827; (P) 1.5863; (R1) 1.5897;
Although it had climbed to 1.5922 , GBP / USD failed to maintain the rise and fall back to the range (range) tight. Daily bias is neutral (sideway) and consolidation (correction) will be seen again. But support 1.5747 is the key, we support the reduction of the price of 1.5991 has completed at a price of 1.5602 and the rebound of the price of 1.5234 will continue. Above the price of 1.5913 will target 1.5991 . In contrast, under the price of 1.5747 will turn focus back to 1.5602 support prices further, note again that as long as 1.6165 key resistance (61.8% retracement of 1.6746 to 1.5234 at 1.6168) has not been touched , the overall decline in the price of 1.6746 is possible to continue.
USD/JPY Mid-Day Outlook 22 March 2012
Daily Pivots: (S1) 83.05; (P) 83.31; (R1) 83.59;
USD / JPY is still limited in tight range below the price of 84.17 and a daily bias remains neutral. Consolidation (correction) will be seen and further reduction that can not be ruled out. But downside is still contained in the conditions above 81.86 support and bring rally resumption. Above the price of 84.17 would continue the rise of the price of 76.02 to retest 85.51 resistance next.
USD/CHF Mid-Day Outlook 22 March 2012
Daily Pivots: (S1) 0.9092; (P) 0.9123; (R1) 0.9146;
USD / CHF fell to 0.9077 yesterday but remained above the support price of 0.9071 and again. With the support 0.9071 we are still slightly favor the bullish case. That is, the reduction of the price of 0.9594 has completed with three waves in the price of 0.8930 . Above the price of 0.9177 will change the bias to the upside. Prices through 0.9334 would target 0.9594 . However, if it broke through 0.9071 will indicate that rebound from 0.8930 has completed and probably will continue to decline in the price of 0.9594 below the price back to 0.8930 .
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Daily Overview 23 March 2012
USD/JPY Mid-Day Outlook 23 March 2012
Daily Pivots: (S1) 83.05; (P) 83.31; (R1) 83.59;
USD / JPY 's correction of 84.17 81.86 support and bring rally resumption. Above 84.17 will continue to increase from 76.02 to retest 85.51 key resistance next.
GBP/USD Mid-Day Outlook 23 March 2012
Daily Pivots: (S1) 1.5818; (P) 1.5870; (R1) 1.5924;
Daily bias in GBP / USD remains neutral for the moment. With the support 1.5747 , we still favor a decrease from 1.5991 has completed at 1.5602 and the rebound from 1.5234 will continue. Above the price of 1.5913 will target above 1.5991 . In contrast, under the price of 1.5747 will turn focus back to 1.5602 support next, note again that as long as 1.6165 key resistance (61.8% retracement of 1.6746 to 1.5234 at 1.6168) has not been touched, overall decline in the price of 1.6746 will continue.
EUR/USD Mid-Day Outlook 23 March 2012
Daily Pivots: (S1) 1.3180; (P) 1.3215 (R1) 1.3259;
There was no change in outlook in EUR / USD 's. With the 1.3290 resistance, we are still slightly favor the bearish case that fall from the price of 1.3486 is not finished. Below the price of 1.3141 and the bias back to the downside through the price of 1.2974 will confirm the completion of the rebound from 1.2625 . However, through 1.3290 would indicate that the reduction of the price of 1.3486 has completed. More importantly, this would indicate that the increase of the price of 1.2625 is continuing as long as price is above 1.3486.
USD/CHF Mid-Day Outlook 23 March 2012
Daily Pivots: (S1) 0.9083; (P) 0.9115; (R1) 0.9154;
No change in outlook USD / CHF. With the support 0.9071 , we are still slightly favor the bullish case. That is, the decline from 0.9594 has completed with three waves at 0.8930 . Above the price of 0.9177 the bias back to the upside. Through 0.9334 would target above 0.9594 . However, through 0.9071 will indicate that rebound from 0.8930 has completed and probably will continue to decline from 0.9594 to price below 0.8930 .
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Weekly Overview 26 march 2012
GBP/USD Weekly Outlook 26 March 2012
GBP / USD edged higher to 1.5922 last week but turned sideways since then. Initial bias is neutral (side way) this week. With little support 1.5747 , we would support a little further upside and translucency of 1.5922 will target 1.5991 resistance first (R1). Translucent price would confirm the return of the overall shape of the rebound 1.5234 and 1.6165 resistance (61.8% retracement of 1.6746 to 1.5234 at 1.6168) is the next target. In contrast, under the price of 1.5747 will turn focus back to 1.5602 first support (S1), note again that as long as 1.6165 key resistance cluster (61.8% retracement of 1.6746 to 1.5234 at 1.6168 ) has not been touched, the overall decline in the price of 1.6746 will continue.
EUR/USD Weekly Outlook 26 March 2012
EUR / USD tried to put an end to rebound from 1.3003 last week but the downside is contained above 1.3138 and the rebound will be continued. Initial bias is upseide on this week and through 1.3290 would target a test on 1.3486 resistance. Price will be confirmed through the resumption of the overall rebound of the price of 1.2625 and will target 61.8% retracement of 1.4246 to 1.2625 at which the price of 1.3627 . On the contrary, under the support price of 1.3138 Bias back to the downside. Prices through 1.3003 would continue the decline from 1.3486 and below the target price of 1.2625 .
USD/JPY Weekly Outlook 26 March 2012
USD / JPY 's continued correction from 84.17 last week and the initial bias remains on the downside this week for 81.86 support. At this point, we expect strong support from the support zone of 80.58/81.86 and bring rebound. Sooner or later the rally from 76.02 is still expected to continue. Conditions upside, above the price of 82.94 minor resistance, bias will return to the upside. Managed to penetrate from 84.17 will target 85.51 key resistance next.
USD/CHF Weekly Outlook 26 March 2012
USD / CHF has struggled to recover last week but is limited to 0.9174 and fell again. Initial bias is slightly on the downside this week and will be seen further down towards 0.8930 . Break there will indicate the resumption of the overall decline from 0.9594 and 0.8567 will be the next support taerget. On the contrary, above 0.9174 minor resistance will bias back to the upside for 0.9334 resistance first (R1). Also, who will revive that case a decrease from 0.9594 has completed at 0.8930 . Translucent of 0.9334 will target retest 0.9594 .
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Daily Overview 27 March 2012
GBP/USD Mid-Day Outlook 27 March 2012
Daily Pivots: (S1) 1.5811; (P) 1.5860; (R1) 1.5914;
Translucency of 1.5922 indicates that the upside of 1.5602 has been returned and the daily bias is the upside return on 1.5991 for the first resistance (R1). Translucent price would confirm the return of the overall shape of the rebound 1.5234 and the next target 1.6165 resistance (61.8% retracement of 1.6746 to 1.5234 at 1.6168). on the reverse side, below 1.5800 minor support will turn outlook neutral (sideway) again.
USD/JPY Mid-Day Outlook 27 March 2012
Daily Pivots: (S1) 81.91; (P) 82.43; (R1) 82.89;
USD / JPY rebound from 81.97 while the lowest prices, the increase was not very convincing. Daily neutral bias (sideway). Below the price of 81.97 will bring another decline but the downside is above 80.58/81.86 support zone and bring rally return in the end. Through 84.17 will target 85.51 key resistance next.
EUR/USD Mid-Day Outlook 27 March 2012
Daily Pivots: (S1) 1.3206; (P) 1.3249 (R1) 1.3309;
After a brief fall, EUR / USD jumped sharply to as high as 1.3369 in early U.S. session today. Through 1.3293 resistance confirmed the resumption of the upside of 1.3003 . More importantly, the decline from 1.3486 has completed already and the corrective structure suggests that the upside from 1.2625 will continue. The daily bias is on the upside 1.3486 first resistance (R1). Translucent price would confirm bullish and 61.8% retracement target of 1.4246 to 1.2625 at 1.3627 . on the reverse side, below 1.3191 minor support will turn to a neutral bias (sideway).
USD/CHF Mid-Day Outlook 27 March 2012
Daily Pivots: (S1) 0.9050; (P) 0.9094; (R1) 0.9123;
USD / CHF it went down from 0.9334 again after a brief recovery and achieve the lowest 0.9021 so far in early U.S. session today. This suggests that the rebound from 0.8930 has completed at 0.9334 and corrective structure in turn argue that the decline of 0.9594 is still in progress. The daily bias is the downside to test the 0.8930 support first (S1). On the contrary, above 0.9136 minor resistance will turn to a neutral bias (sideway).
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