Forex Technical Analysis - page 6
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eur usd
We can see an ab=cd harmonic pattern in the H1 TF. We expect a decline for
the price if supply pressure shows up. This comment would be violated if 1.3460 level being broken above.
Technical Analysis EUR / USD October 10, 2013
Daily bias in EUR / USD neutral. Given MACD bearish divergence condition in H4, the possibility of short-term peak is formed at 1.3645 . Break will confirm bearish 1.3461 and target 1.3104 support. In the case of another rise, strong resistance will be seen at 1.3710 to bring reversal.
Technical Analysis GBP / USD October 10, 2013
Bias Daily GBP / USD remains on the downside for the moment. While the peak formed at 1.6259 on bearish divergence condition in H4 MACD . Further decline to 1.5716 support. Break there will confirm that rebound from 1.4813 has completed. Instead, break 1.6123 ( minor resistance ) showed completion of the reduction. Otherwise, short term outlook remains bearish.
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Technical Analysis EUR / USD October 30, 2013
Break of 1.3741 ( minor support ) suggests that short-term peak formed at 1.3832 after EUR / USD reaches 100 % projection of 1.2755 to 1.3451 from 1.3104 is at 1.3800 . Daily bias is now on the downside for 1.3472/3645 back ( support zone ) . We expect strong support from there to bring back the increase . Break 1.3832 to confirm rally resumption . If not , we expect more consolidative trading in a short time.
Technical Analysis USD / JPY October 30, 2013
USD / JPY ' s rebound from 96.94 is going to resume daily and still upside bias . May rise from 96.56 is still in progress and break of 99.00 will target 98.48 and may be on it . On the contrary , breaks 97.46 ( minor support ) will turn bias to the downside for 96.94 and possibly below . Overall, this pair is still bounded in consolidation from 103.73 and sideway trading could be seen.
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