Forex Technical Analysis - page 3
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Daily Overview 29 March 2012
GBP/USD Mid-Day Outlook 29 March 2012
Daily Pivots: (S1) 1.5927; (P) 1.5963; (R1) 1.5985;
GGBP / USD forming a temporary peak at 1.6000 and dropped sharply since then. But with the support 1.5800 , short-term outlook remains bullish and further rally is still supported. Translucency of the resistance 1.5991 confirmed the continued increase of 1.5234 . Further rally should be seen to 1.6165 resistance (61.8% retracement of 1.6746 to 1.5234 at 1.6168). However, the invisibility of 1.5800 will turn focus back to 1.5602 support next.
EUR/USD Mid-Day Outlook 29 March 2012
Daily Pivots: (S1) 1.3291; (P) 1.3338 (R1) 1.3364;
With the support 1.3191 , further rise is expected to EUR / USD for 1.3486 resistance. price will be confirmed through the resumption of rebound from 1.2625 and will target 61.8% retracement of 1.4246 to 1.2625 which is in the price of 1.3627 . On the contrary, below 1.3191 minor support will turn bias to neutral (sideway).
USD/CHF Mid-Day Outlook 29 March 2012
Daily Pivots: (S1) 0.9026; (P) 0.9039; (R1) 0.9063;
Short term outlook in USD / CHF remains bearish with 0.9136 minor resistance. Rebound from 0.8930 has completed at 0.9334 and a decrease of 0.9594 may be continued. Deeper decline should be seen to break through 0.8930 would confirm the bearish case with targets next 0.8567 . On the contrary, above 0.9136 minor resistance will turn bias to neutral (sideway).
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Daily Overview 30 March 2012
GBP/USD Mid-Day Outlook 30 March 2012
Daily Pivots: (S1) 1.5831; (P) 1.5897; (R1) 1.5954;
Daily bias in GBP / USD is neutral for the moment and konsolidatif (correction) more can be seen below 1.6000 . With the support 1.5800 , short-term outlook remains cautious and we're still bullish rally further support. Translucency of 1.5991 confirmed the continuation of an increase of 1.5234 . Further rally should be seen to 1.6165 resistance (61.8% retracement of 1.6746 to 1.5234 at 1.6168). However, the invisibility of 1.5800 will turn focus back to 1.5602 support next.
EUR/USD Mid-Day Outlook 30 Maret 2012
Daily Pivots: (S1) 1.3271; (P) 1.3322 (R1) 1.3367;
Daily bias in EUR / USD neutral (sideway) and sideways movement may be seen. But the near-term outlook remains cautiously bullish as long as 1.3191 minor support has not been touched. Above 1.3385 will target 1.3486 and the price will be confirmed through the resumption of rebound from 1.2625 and will target 61.8% retracement of 1.4246 to 1.2625 is at 1.3627 . On the reverse side, below 1.3191 minor support will turn focus back to the support 1.3003 .
USD/JPY Mid-Day Outlook 30 March 2012
USD / JPY 's correction from 84.17 extends down to this day with 81.97 while the lowest and further reductions may be seen, downside is expected to be / contained by 80.58/81.86 support zone and bring rally eventually return. Above 83.38 minor resistance will turn back to the upside bias. Transparent pricing will bring further towards 84.17 and will confirm the extend rally from 76.02 to 85.51 key resistance.
USD/CHF Mid-Day Outlook 30 March 2012
Daily Pivots: (S1) 0.9017; (P) 0.9049; (R1) 0.9082;
USD / CHF with 0.9136 minor resistance, a decline from 0.9334 is expected to continue towards 0.8930 support. Recent developments indicate that rebound from 0.8930 has completed and the decline from 0.9594 might proceed. However, the invisibility of 0.9136 minor resistance will change the outlook and will bring stronger rebound back to the 0.9334 resistance next.
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Daily Overview 3 April 2012
GBP/USD Mid-Day Outlook 3 April 2012
Daily Pivots: (S1) 1.5958; (P) 1.5997; (R1) 1.6049;
Daily bias in GBP / USD on the upside with little support 1.5965 and further rally is still expected to 1.6165 resistance (61.8% retracement of 1.6746 to 1.5234 at 1.6168). Translucent price would imply a larger bullish and will pave the way for 1.6746 resistance next. On the reverse side, below 1.5965 minor support will change the bias to neutral (side way) and bring the focus back to the decline 1.5602 support to indicate a reversal in the short or long term. If not, the outlook will remain cautiously bullish.
EUR/USD Mid-Day Outlook 3 April 2012
Daily Pivots: (S1) 1.3299; (P) 1.3338 (R1) 1.3382;
EUR / USD still in tight range below 1.3385 and daily bias neutral (side way). With the support 1.3191 , rebound from 1.3003 is still support to continue. Above 1.3385 will target 1.3486 resistance first (R1). Price will be confirmed through the resumption of the whole rebound from 1.2625 and target retracement of 1.4246 to 1.2625 which is 61.8% at 1.3627 . On the reverse side, below 1.3191 minor support (S1) will change the focus back to 1.3003 support (S2).
USD/JPY Mid-Day Outlook 3 April 2012
Daily Pivots: (S1) 82.11; (P) 82.49; (R1) 83.16;
Although the rally at the beginning, USD / JPY failed to sustain gains and fell sharply as the day goes. With 83.38 minor resistance, a correction of 84.17 could extend to lower. Downside is expected to be contained by 80.58/81.86 support zone and bring rally return in the end. Above 83.38 minor resistance upside.Tembus Bias back further than 84.17 will extend rally from 76.02 focus to the 85.51 key resistance.
USD/CHF Mid-Day Outlook 3 April 2012
Daily Pivots: (S1) 0.8995; (P) 0.9031; (R1) 0.9053;
USD / CHF lost momentum again towards the psychological level of 0.9 before and recovered. With H4 MACD crossed above signal line, the daily bias is turned neutral (sideway). Note that the decline in other fixed support with 0.9093 minor resistance. Below 0.9001 would push for a test at 0.8930 and transparent price would reopen a decrease of 0.9594 and 100% of the projected target from 0.9594 to 0.8930 from 0.9334 is the 0.8670 . On the contrary, above 0.9093 minor resistance will turn short term outlook and bring rebound.
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Daily Overview 6 April 2012
USD/JPY Mid-Day Outlook 6 April 2012
Daily Pivots: (S1) 82.04; (P) 82.49; (R1) 82.88;
No change in outlook USD / JPY 'as a corrective pattern from 84.17 is still ongoing and could reduce the spiral. But downside is expected to be contained 80.58/81.86 support zone and bring rally return in the end. Above 83.30 minor resistance will return to the upside bias. Penetrate further than 84.17 will extend rally from 76.02 and target 85.51 key resistance.
USD/CHF Mid-Day Outlook 6 April 2012
Daily Pivots: (S1) 0.9104; (P) 0.9143; (R1) 0.9197;
USD / CHF rose further to reach 0.9222 on early U.S. session today and the daily bias remains on the upside for 0.9334 resistance. Break there will confirm the return of the form of an increase of 0.8930 . More importantly, this will revive the medium term rebound from 0.7065 is still in progress as long as price is above 0.9594 . On the reverse side, below 0.9143 minor support will change the bias to neutral (sideway) and bring consolidation (correction). But the downsidenya should be contained above 0.9001 and bring another rally.
GBP/USD Mid-Day Outlook 6 April 2012
Daily Pivots: (S1) 1.5841; (P) 1.5879; (R1) 1.5926;
GBP / USD 's, a decline from 1.6060 is still ongoing with the focus on 1.5769 minor support. Transparent pricing, there will be an early sign of a reversal of the short and will bias to the downside for 1.5602 support. However, before that, another rally can still be seen and above 1.6060 will target 1.6165 resistance
EUR/USD Mid-Day Outlook 6 April 2012
Daily Pivots: (S1) 1.3086; (P) 1.3162 (R1) 1.3217;
EUR / USD 's fall further to as low as 1.3038 so far and the daily bias remains on the downside for 1.3003 support. These prices will continue through the entire decline from 1.3486 and is targeting 100% projection of 1.3486 to 1.3003 from 1.3385 of that is at 1.2902 . More importantly, it also confirms that rebound from 1.2625 has completed at 1.3486 and a greater than 1.4939 will continue to the other low points. On the contrary, above 1.3164 minor resistance will change the bias to neutral and bring consolidation (correction) but the increase is limited below 1.3385 and bring another decline.
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Daily Overview 11 April 2012
USD/CHF Daily Outlook 11 April 2012
Daily Pivots: (S1) 0.9149; (P) 0.9180; (R1) 0.9214;
Daily bias in USD / CHF neutral (sideway) for the moment as consolidation (correction) of 0.9222 . Another hike a little favor with 0.9143 minor support and above 0.9222 will target a test at the 0.9333 resistance first (R1). Breach would confirm the resumption of rebound from 0.8930 and target above 0.9594 . In contrast, below 0.9143 the bias back to the downside and translucency of 0.9001 support will target 0.8930.
USD/JPY Mid-Day Outlook 11 April 2011
Daily Pivots: (S1) 81.22; (P) 81.44; (R1) 81.70;
USD / JPY is down choppy from 84.17 until today and will decline further in the visible. But at this point, we still expect downside to be contained by 80.58/81.86 support zone and bring rally eventually return. Above 81.86 minor resistance will mengkofirmasi that the correction is completed and returned to the upside bias. Penetrate further than 84.17 will extend rally from 76.02 and target 85.51 resistance. However, the invisibility of 80.58 will change the view and bring deeper decline back to 79.52 the next support.
EUR/USD Mid-Day Outlook 11 April 2012
Daily Pivots: (S1) 1.3046; (P) 1.3090 (R1) 1.3147;
View of the EUR / USD remains unchanged. Recovery time is expected to be limited by 1.3164 and bring another decline. Below 1.3003 will confirm the return of the decline from 1.3486 and is targeting 100% projection of 1.3486 to 1.3003 from 1.3385 of that is at 1.2902 . More importantly, it also confirms that rebound from 1.2625 has completed at 1.3486 and a greater than 1.4939 will continue to lower the other. On the contrary, above 1.3164 minor resistance will change the outlook and bring strong rebound.
GBP/USD Mid-Day Outlook 11 April 2012
Daily Pivots: (S1) 1.5847; (P) 1.5880; (R1) 1.5925;
GBP / USD is still limited in a tight range above 1.5804 . Daily neutral bias (sideway) with focus on 1.5769 support. Transparent pricing, there will be an early sign of short-term reversal and biased to the downside for 1.5602 support. However, before that, another rally can still be seen and above 1.6060 will target 1.6165 resistance (61.8% retracement of 1.6746 to 1.5234 at 1.6168).
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Daily Overview 2 Mei 2012
GBP/USD Mid-Day Outlook 2 Mei 2012
Daily Pivots: (S1) 1.6202; (P) 1.6251; (R1) 1.6282;
Daily bias in GBP / USD remains neutral (sideway) for current and consolidation (correction) again can be seen below 1.6300 while the price above. Fall even further can be seen but downside should be limited by 1.6060 support and bring another rise. Above 1.6300 will extend the new rally up to 100% projection of 1.5234 to 1.5991 from 1.5602 of that is at 1.6359 . As noted previously, the overall decline from 1.6764 is complete at 1.5234 and resistance increase can target 1.6746 and possibly above.
EUR/USD Mid-Day Outlook 2 Mei 2012
Daily Pivots: (S1) 1.3209; (P) 1.3237 (R1) 1.3267;
EUR / USD 's choppy recovery from 1.2994 is still in progress and further improvement can be seen. Still, the recent price action is still very doubtful, as seen in a triangular pattern of 1.3486 . And, break of 1.2994 or 1.3385 is needed to confirm the prospects. If not, we will remain neutral (sideway). Break 1.3384 will indicate that the consolidation (correction) from 1.3486 has completed and rebound from 1.2625 will continue. At downsidenya, break of 1.2994 will revive the case of rebound from 1.2625 might be completed and will continue to decline greater than 1.4939 .
USD/JPY Mid-Day Outlook 2 Mei 2012
Daily Pivots: (S1) 79.57; (P) 79.98; (R1) 80.22;
USD / JPY fell further to as low as 79.64 so far and the daily bias remains on downsidenya the 80.29 resistance. The decline is now expected to continue for 61.8% retracement of 76.02 to 84.17 isat 79.13 . Break there will pave the way to 75.56/76.02 support zone. On the upside, above 80.29 minor resistance will change to a neutral bias (sideway) and bring consolidation (correction). But recovery should be limited below 81.77 and bring another decline.
USD/CHF Mid-Day Outlook 2 Mei 2012
Daily Pivots: (S1) 0.9054; (P) 0.9075; (R1) 0.9095;
Daily bias in USD / CHF is still a bit choppy at downsidenya as a decrease of 0.9215 . Further decline could be seen towards the 0.9001 support. Note again that the recent price action is in doubt, as seen in a triangular pattern. Break 0.9251 or 0.9001 is needed to confirm the short-term prospects. If not, we will remain neutral (sideway). At downsidenya, break of 0.9001 support will confirm the bearish case that fall from 0.9594 will continue and should send USD / CHF through 0.8903 to 38.2% retracement of 0.7065 to 0.9594 which is in the 0.8628 . However, break of 0.9251 resistance will revive the case of a decrease of 0.9594 is complete at 0.8930 and will flip bias back to the upside to 0.9594 and possibly above.
Daily Overview 27 Juni 2012
GBP/USD Daily Outlook 27 June 2012
Daily Pivots: (S1) 1.5586; (P) 1.5618; (R1) 1.5673;
As noted earlier, the decline in GBP / USD 's of 1.5777 may have ended at 1.5538 . Bias Daily is a little upside for 1.5777 resistance first (R1). Break in there it will continue the rebound from 1.5268 to 61.8% retracement of 1.6300 to 1.5268 at 1.5906 . At downsidenya, below 1.5538 shifts the focus back to the support 1.5475 . Break it showed a rebound from 1.5268 has completed and a decrease of 1.6300 to continue to under 1.5268 .
EUR/USD Daily Outlook 27 June 2012
Daily Pivots: (S1) 1.2448; (P) 1.2489 (R1) 1.2537;
Daily bias in EUR / USD remains neutral (sideway). With the support of 1.2435 , an increase from 1.2287 to continue. Above 1.2530 minor resistance will bias back to the upside to 1.2747 and 61.8% retracement target of 1.3282 to 1.2287 at 1.2902 . However, break of 1.2435 will indicate that corrective rise has been completed and will flip bias back to the downside for 1.2287 and possibly below.
USD/JPY Daily Outlook 27 June 2012
Daily Pivots: (S1) 79.23; (P) 79.50; (R1) 79.78;
No change in outlook USD / JPY. With 78.60 minor support, rebound from 77.66 is still supported to continue. Above 80.61 will target 61.8% retracement of 84.17 to 77.66 to 81.68 and possibly above. However, below 78.60 will likely continue the decline from 84.17 to 77.66.
USD/CHF Daily Outlook 27 June 2012
Daily Pivots: (S1) 0.9579; (P) 0.9615; (R1) 0.9647;
USD / CHF touched the resistance 0.9650 but failed to penetrate this far. Daily bias remains neutral (sideway) for now. As long as 0.9650 minor resistance has not penetrated, correction from 0.9771 could continue lower. Below 0.9542 will bias to the downside for 61.8% retracement of 0.9041 to 0.9771 at 0.9320 . However, the invisibility of 0.9650 will indicate that the correction is completed and must reverse the bias back to the upside to 0.9771 and possibly above.
Weekly Overview 9 Juli 2012
EUR/USD Weekly Outlook 9 July 2012
EUR / USD 'rebound is limited below 1.2747 resistance last week and the subsequent sharp decline through the 1.2287 support. This development shows that the overall decline from 1.4939 has returned. Initial bias remains on the downside this week to 61.8% projection of 1.3282 to 1.2287 from 1.2747 is at 1.2132 . On the contrary, above 1.2403 minor resistance will change to a neutral bias (sideway).
GBP/USD Weekly Outlook 9 July 2012
GBP / USD 'rebound is limited below 1.5777 resistance and subsequent decline through the 1.5484 support. These developments indicate that corrective rise from 1.5268 is complete at 1.5777 . Initial bias remains on the decline for the test at 1.5268 . Break there will continue to decline overall of 1.6300 . On the contrary, above 1.5550 minor resistance will turn to a neutral bias (sideway).
Daily Outlook August 15, 2012
EUR / USD Daily Outlook August 15, 2012
Daily bias in EUR / USD remains neutral (sideway) at this time. As long as 1.2133 support has not been touched, rebound from 1.2042 will continue. Above 1.2443 will target next resistance 1.2747 (50% retracement of 1.3486 to 1.2042 at 1.2764). However, break of 1.2133 would confirm the rebound from 1.2042 has completed. In such case, EUR / USD will retest at the level of 1.2000.
GBP / USD Daily Outlook August 15, 2012
No change in view of GBP / USD 's. Still be in the range of 1.5489/5767 and daily bias remains neutral (sideway). On the condition of upside, break of resistance 1.5767/77 will confirm resumption of rebound from 1.5268 and target 1.5901 / 6 (61.8% retracement of 1.6300 to 1.5268 at 1.5906 and 100% of the projected one, 5268 to 1.5777 from 1.5392 at 1.5901). However, break of 1.5489 support will bring a reduction in support to 1.5392 .
USD / CHF Daily Outlook August 15, 2012
Daily bias in USD / CHF remains neutral (sideway) for now. Short-term outlook remains bearish as long as 0.9898 minor resistance has not been touched. Decline from 0.9971 will continue. Below 0.9656 will target 38.2% retracement of the 0.8930-0.9971 at 0.9573 . Break there will have a bearish implication and should target further support 0.9420 . Instead, break of 0.9898 would target 0.9971 and possibly above.
USD / JPY Daily Outlook August 15, 2012
USD / JPY 's rebound from 77.90 to continue higher and further rally could be seen. But anyway, we will remain bearish as long as 79.13 resistance has not been touched. A decrease of 80.61 support to continue and remain below 78.5 sending the USD / JPY to 77.90 to 77.66 . However, note that break of 79.13 will bring stronger rally back to 80.61 resistance.
USD/JPY Daily Outlook 26 September 2012
The decline from 79.22 is still in progress and deeper fall would be seen. But we are still slightly favor the bullish case, decreased from 84.17 has completed at 77.13 already. Hence, downside should be limited at this time above 77.13 and bring rebound back. Above 77.36 minor resistance will bias back to the upside for 79.22 support first. break there will target 80.61 resistance (50% retracement of 84.17 to 77.13 at 80.65).
USD/CHF Daily Outlook 26 September 2012
USD / CHF 's recovery from 0.9391 is still in progress and stronger rise could be seen. However, we'd expect upside to be limited by 0.9502 resistance (38.2% retracement of 0.9971 to 0.9238 at 0.9518) and bring decline resumption. Below 0.9327 minor support will bias back to the downside. Break of 0.9238 will confirm resumption of decline from 0.9971 and will target 0.8930 key support next.
GBP/USD Daily Outlook 26 September 2012
Break of 1.6163 minor support indicates that decline from 1.6309 is likely deeper. But the short-term outlook remains bullish as long as 1.5912 support has not been touched and we expect a higher increase in the future. Break 1.6300 would imply a larger bullish and will pave the way to 1.6618/6746 resistance zone.
EUR/USD Daily Outlook 26 September 2012
EUR / USD 's consolidation from 1.3171 is still in progress and deeper decline could be seen. But downside should be limited above 1.2816 support (38.2% retracement of 1.2255 to 1.3171 at 1.2821) and bring rebound. Above 1.3047 minor resistance will bias back to the upside. Break of 1.3171 will target 1.3486 key resistance (50% retracement of 1.4939 to 1.2042 at 1.3491).