GIGFX Technical Analysis Report For Majors (Updated Daily) - page 19
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
EUR/USD
The DJ index continued declining breaking the level 10900 which represents 61.8% of fibonacci's correction level for the last bullish wave for mid-term trades breaking the level 10710 which represents 76.4% of fibonacci's correction level for the last bullish wave but it returned to trade around the pivot of this level till now and if the index succeeded to hold above this level it will rise targeting to re-test the resistance level 10900 but if the index was unable to hold above that level it will decline targeting the support level 10570 again.
The stability of these expectations requires the stability of the resistance level 10900.
Res: 1.3579 1.3697 1.3794
Pivot: 1.3482
Sup: 1.3364 1.3267 1.3149
" />" />" />" />" />" />" />
why i cant able to view ur report fully right side of the page is hidden ???
EUR/USD
Yesterday trades saw declining the pair by breaking the bottom border of the bullish wedge reversal pattern reaching the support level 1.3733 as it was expected through the last analysis, it is expected that the pair will continue forming its bearish correction move by breaking the support level 1.3733 targeting the level 1.3530 which represents the target of the pattern and also represents 50.0% of fibonacci's correction level for the bullish move (from 1.3146 to 1.3914).
The stability of these expectations requires the stability of the resistance level 1.3790.
Res: 1.3859 1.3981 1.4048
Pivot: 1.3792
Sup: 1.3670 1.3603 1.3481
" />" />" />" />" />" />" />
EUR/USD
The pair continued declining during yesterday trades to the level 1.3650 as the first target for the bullish wedge pattern, a bottom has been formed at this level which led the pair to rise again to re-test the near resistance level and now it is testing the resistance level 1.3817, breaking this level means more rising targeting to re-test the resistance level 1.3914 but in the case that the pair completed the formation of the top at the level 1.3817 it will decline to the level 1.3650 followed by the level 1.3530 which represents the last target of the pattern and represents 50.0% of fibonacci's correction level for the bullish wave (From 1.3146 to 1.3914).
Res: 1.3828 1.3904 1.3992
Pivot: 1.3740
Sup: 1.3664 1.3576 1.3500
" />" />" />" />" />" />" />
EUR/USD
It is noticed that the pair is forming the harmonic pattern AB=CD as it formed a top at the level 1.3870 which represents the point C, the pair declined from this top to form the bearish rib CD and it is expected that the pair will continue declining during the upcoming trades targeting the support level 1.3650 which represents the point B, breaking this level means more declining till the level 1.3600 which represents the point D that completes the pattern, it is expected that the pair will continue declining targeting the level 1.3530 as the final target for the bearish wedge pattern but under the condition of breaking the level 1.3600 downside.
The stability of these expectations requires the stability of the resistance level 1.3780.
Res: 1.3844 1.3928 1.3988
Pivot: 1.3784
Sup: 1.3700 1.3640 1.3556
" />" />" />" />" />" />" />
EUR/USD
The pair was moving volatile during the last mid-term trades tending to decline for near-term trades, as it succeeded to form the triangle pattern that the pair now is testing its top border and if the top border held the pair will decline targeting the level 1.3657 which coincides with the bottom border of the triangle pattern which if the pair broke it with breaking the level 1.3621 which represents 38.2% of fibonacci's correction level for the bullish wave (from 1.3146 to 1.3914) the pair will target the next support level at 1.3530 which represents 50.0% of fibonacci's correction level followed by 1.3439 which represents 61.8% of fibonacci's correction level, but if the pair broke the top border of the pattern it will rise targeting to test the resistance area from 1.3870 to 1.3914.
Res: 1.3861 1.3944 1.4046
Pivot: 1.3759
Sup: 1.3676 1.3574 1.3491
" />" />" />" />" />" />" />
EUR/USD
The positive news that came from the European leaders about the solutions of the European dept crisis pushed the European currency against the U.S. dollar to end the trades of the last week bullish, at the beginning of this week trades, the pair is trying to continue its bullish move by breaking the resistance important level 1.3914 during the current trades, breaking this level means more rising till the next resistance level at 1.3984 followed by the level 1.4075 which represents 161.8% of Fibonacci's continuous level for the bearish move (From 1.3914 to 1.3653).
The stability of these expectations requires the stability of the support level 1.3870.
Res: 1.3964 1.4031 1.4161
Pivot: 1.3834
Sup: 1.3767 1.3570
" />" />" />" />" />" />" />
EUR/USD
The bullish direction is still dominating the trades of the pair for the near and mid-term trades; this rise is supported by approaching to find solutions to resolve Greece's dept crisis, the pair is still confirming breaking the resistance level 1.3914 which still holding till now against the pair's rising which target to reach the level 1.4075 which represents 161.8% of fibonacci's continuous level for the bearish move (From 1.3914 to 1.3653).
The stability of these expectations requires the stability of the support level 1.3850.
Res: 1.3982 1.4035 1.4115
Pivot: 1.3902
Sup: 1.3849 1.3769 1.3716
" />" />" />" />" />" />" />
EUR/USD
The trades of the pair were in a narrow range that reflects the collecting process of the momentum that the pair will use it to determine the upcoming direction, it is expected that, with breaking out this range the pair will continue forming the direction, breaking the resistance level 1.3955 upside means more rising targeting the level 1.4075 which represents 161.8% of fibonacci's continuous level for the bearish wave (From 1.3914 to 1.3653), in the case that the pair broke the support level 1.3852 downside, it will continue declining targeting the next support level 1.3753.
Res: 1.3961 1.4014 1.4070
Pivot: 1.3905
Sup: 1.3852 1.3796 1.3743
" />" />" />" />" />" />" />
EUR/USD
The pair re-tested the bottom border of the bullish channel for mid-term trades coinciding with the support level 1.3852, the pair formed a bottom at this area during the last intraday trades, the pair is pushed rising from this bottom during the trades of the Asian session market breaking the resistance level 1.3955 in a strong sign to continue rising during the upcoming trades, it is expected that the pair will continue rising targeting the level 1.4075 which represents 161.8% of fibonacci's continuous level for the bearish move (From 1.3914 to 1.3653) followed by the next resistance level at 1.4175.
The stability of these expectations requires the stability of the support level 1.3955.
Res: 1.3986 1.4067 1.4160
Pivot: 1.3893
Sup: 1.3812 1.3719 1.3638
" />" />" />" />" />" />" />