Announcement

Collapse
No announcement yet.

[ Smart Review ] Technical Analysis Forex Daily Up Date

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • #16
    January 11, 2011

    EURUSD

     


    Down trendline which was seen on the hourly chart yesterday had been broken but generally we can see that the downtrend has not ended yet. The price is testing the support at 1.2934 where any breach on it could bring EURUSD to retest the next support at 1.2872. Stochastic and CCI maintain bearish bias so they strengthen up our expectation. Meanwhile, highest possible rebound level for today is the resistance at 1.3019.


    USDJPY

     


    Price movement on the hourly chart is still in an uptrend. Based on the movement, we can draw two trendlines which are expected to be fan. The price is testing the resistance at 83.21 where any breach on it would be potential to raise GBPUSD to the next resistance at 83.68. But the stochastic and CCI are approaching overbought area so there could be a correction to 82.68 if the resistance held. Next, any breach on the support at 82.68 would be potential to cause deeper correction to around 82.14.


    For the other analysis visit www.mysmartfx.com

    Comment


    • #17
      January 12, 2011

      GBPUSD



      The hourly chart still shows an uptrend. A dark cloud cover pattern which has bearish implication appears strengthen up by the CCI which begins to move down. If the support at 1.5623 breaks then the price would be potential to test the trendline and support area at 1.5584. Conversely, any breach on the resistance at 1.5658 would be potential to raise GBPUSD to the 1.5693 area.

      EURUSD



      The 4-hourly chart seems potential to form a bearish flag if the lower line of the minor bullish channel breaks. The price is testing the resistance at 1.3004. Stochastic and CCI are in overbought condition. Therefore, EURUSD is expected to move to the lower area of the channel. Conversely, any breach on the resistance at 1.3004 potentially will trigger bullish momentum up to 1.3086.

      for the other analysis visit www.mysmartfx.com

      Comment


      • #18
        January 13, 2011

        EURUSD

         


        EURUSD seems testing the resistance at 1.3153. Any breach on this resistance would be potential to enlarge bullish momentum and raise the price up to 1.3301. However, candlestick formation and bearish correction signals from stochastic and CCI open an chance for correction towards the support area at 1.3005.


        USDCHF

         


        Bias becomes neutral after USDCHF correction restrained as stochastic and CCI reach oversold area. Therefore, rebound would be possible to retest the resistance area at 0.9769. Today’s movement is expected to be sideway at the range between 0.9605 and 0.9769.


        For the other analysis visit www.mysmartfx.com

        Comment


        • #19
          what is You think about on EUR/USD and EUR/JPY on 14 jan 2011 ?

          Comment


          • #20
            January 14, 2011

            EURUSD



            EURUSD made its way up above 1.3300. Even though the 4 hours stochastic and CCI are at overbought area, bullish pressure is likely strong up to 1.3432. Bullish pressure might decrease of the support at 1.3300 breaks and correction likely happens to the 1.3152 area.

            USDCHF




            USDCHF is still in sideline mode. Any breach above the resistance at 0.9672 would get the chance to raise the price up to 0.9782 again, while any breach on the support at 0.9605 potentially will cause correction towards 0.9495.

            For the other analysis visit www.mysmartfx.com/en

            Comment


            • #21
              January 24, 2011

              GBPUSD

               


              Today, GBPUSD on the 4-hourly chart seems likely pullback to the upper flag area. Technically refers by the flag pattern as the continuation pattern, GBPUSD potentially continue the upwards aiming the level at 1.6060 to 1.6214. However, be alert the correction to the lower flag area around 1.5809 if the support at 1.5509 is broken.


              EURUSD

               

              Euro seems strongly bullish on the last few days. Currently bullish movement of EURUSD is restrained around 1.3642. Technically refers by CCI and Stochastic movement was on the overbought area, EURUSD potentially short term correction to the trendline area around 1.3545 if the resistance at 1.3642 is survive. On the contrary if the bias consistently bullish and passes the resistance, any chances for the further strengthen to 1.3735.


              For the other analysis visit www.mysmartfx.com

              Comment


              • #22
                January 25, 2011

                EURUSD

                 


                Strengthening of EURO against the U.S. dollar seems to have problems around the resistance area at 1.3686 and potentially form a double top pattern. The current bias OF EURUSD is likely bearish aiming the support at 1.3618 as the confirmation level of the pattern. It is also reinforced by CCI and Stochastic movement was on the overbought area. But if the bias change into bullish and penetrated the resistance, it can open chances for the further upwards to the area 1.3754.


                USDJPY

                 


                USDJPY on the hourly chart likely moves on the bearish channel and currently the movement of USDJPY is being tested the lower channel area as the level 61.8 % of fibo retracement. Technically refers by CCI and Stochastic was approach the oversold area, USDJPY potentially rebound to the upper channel area if the lower channel area able to survive. On the contrary if the lower channel area is broken, USDJPY potentially continue the bearish movement to the support at 82.41 to 81.84.


                For the other analysis visit www.mysmartfx.com

                Comment


                • #23
                  January 26, 2011

                  EURUSD



                  Euro seems likely testing the resistance area at 1.3686. If the resistance level is penetrated, it is potentially trigger the further strengthen to 1.3754. However be alert the correction to the trendline area until the support area at 1.3575 if the resistance able to survive.

                  USDCHF



                  USDCHF on the 4-hourly chart seems likely testing the support area at 0.9412. If the support is broken, it can potentially trigger the further correction to 0.9297. On the contrary, CCI and stochastic movement was on the oversold area potentially triggered a rebound aiming the resistance at 0.9483 if the support is survive.

                  for the other analysis visit www.mysmartfx.com

                  Comment


                  • #24
                    january 27, 2011

                    EURUSD

                     


                    EURUSD likely consolidated around 1.3687 to 1.3722. At the moment the bias of EURUSD still likely flat. If the resistance at 1.3722 penetrated, most likely the movement of EURUSD would aim the next resistance at 1.3757. But if the support at 1.3687 if broken, EURUSD potentially continue the bearish movement to 1.3647.


                    USDCHF

                     


                    Like the movement of EURUSD, USDCHF is likely consolidated around 0.9400 to 0.9467. If the resistance at 0.9467 penetrated, any chances for the further strengthen to 0.9543. On the contrary if the support at 0.9400 is broken, it is potential to open chance for the further correction to 0.9333.


                    USDJPY

                     


                    The current bias of USDJPY is likely bearish to the support level at 81.96. If the support is broken, it is potential to open chance for the further correction aiming the level at 81.69. However, be alert a rebound to the area at 82.23 in line with the stochastic and CCI movement was approach the oversold area.


                    for the other analysis visit www.mysmartfx.com

                    Comment


                    • #25
                      January 28,2011

                      GBPUSD



                      GBPUSD on the hourly chart form the head and shoulders pattern. At the moment, the movement of GBPUSD seems likely pullback to the neckline area before continue the bearish movement to the support at 1.5854 to 1.5821. However the pattern can be failed if the bias consistently bullish and penetrated the resistance at 1.5939, and the movement would aim the resistance at 1.5591.

                      EURUSD



                      Currently the movement of EURUSD is around 1.3716 and likely to testing the bullish trendline area. If the trendline is broken, EURUSD potentially continue the correction to the support at 1.3664 until 1.3643. Meanwhile the technical indicators as CCI and Stochastic which is already on the oversold area potentially trigger a rebound to 1.3757 if the trendline is survive.

                      for the other analysis visit www.mysmartfx.com

                      Comment


                      • #26
                        January 31, 2011

                        GBPUSD

                         


                        Sterling is testing the resistance at 1.5875, possibly will weaken to 1.5820 area again as hourly stochastic and CCI area approaching overbought area. Conversely, a break above this resistance would be potential to raise the sterling to the 1.5931 area. Deeper weakening could occur to the 1.5780 area if the support at 1.5820 breaks.


                        EURUSD

                         


                        The rising trendline which is seen on the hourly chart had been broken. This could be an early sign for trend reversal moreover if the price consistently moves below 1.3630. Pullbavk might happen to the resistance area at 1.3635 before down to the 1.3500 area. But a berak above this resistance could cause bullish movement to the 1.3757 area.


                        GBPJPY

                         


                        Hourly chart shown the potential for a descending triangle pattern where the conformation would be a break of the support at 129.80. Bearish movement to around 129.28 – 129.12 is expected by then. Anyhow, this pattern would fail if the triangle’s upper line breaks. Next, a breach of the resistance at 130.47 will confirm the doube bottom pattern which is potential to be followed by movement to 131.22.


                        For the other analysis visit www.mysmartfx.com

                        Comment


                        • #27
                          February 1, 2011

                          GBPUSD



                          Sterling strengthened to 1.6071 against USD and this level apparently is a resistance level. 4 hours stochastic and resistance already have indicated overbought condition so they provide correction chance to the support area at 1.5995. A break below this level should open a chance for pullback to the trendline area or 1.5911. Conversely, a break above the resistance at 1.6071 would enlarge the bullish momentum and a movement to the 1.6159 area is expected by then.

                          EURUSD



                          Euro strengthened and testing the resistance area at 1.3755. Overbought 4 hours stochastic and CCI open the chance for correction to the support area at 1.3634. However, any breach of the resistance at 1.3755 would be potential to enlarge the bullish momentum so the price would move higher towards 1.3894.

                          For the other analysis visit www.mysmartfx.com

                          Comment


                          • #28
                            EURUSD



                            The Euro succeeded to rise to 1.3851 against USD after a break above 1.3755. Potential correction would be to the accelerating trendline area or support at 1.3784 as bearish signal appears from hourly stochastic and CCI. A break of the support should worsen the correction to the support area at 1.3710 which is close to the major trendline ara. Conversely, a break of the resistance at 1.3851 would be potential to boost euro to 1.3927.

                            GBPUSD


                            The sterling strengthening against USD halted at the resistance at 1.6162. For short term, bias would be neutral unless if the resistance breaks and the movement would be to 1.6206 by then. Any breach of the support at 1.6125 would be potential to cause correction to the 1.6083 area.

                            for the orther analysis visit www.mysmartfx.com

                            Comment


                            • #29
                              AUDUSD



                              Australian dollar is still holding on the parity level against USD. Correction possibly will occur to the support area at 1.0080 as hourly stochastic and CCI indicate overbought state. Bias is neutral for the time being with deeper correction potential to the 1.0039 area if 1.0080 breaks.

                              GBPUSD



                              Sterling is still holding on the high level against USD with 1.6228 as the resistance. A break of this resistance would be potential to trigger further bullish move up to the 1.6359 area. Anyhow, correction to the support area at 1.6406 is still possible considering 4 hours stochastic and CCI maintain bearish correction signal.

                              EURUSD



                              EURUSD is seen moving in bullish channel on the 4-hourly chart. There is a potential for a pullback to the support area at 1.3749 – 1.3680 before continues the bullish movement to the 1.3790 – 1.3860 area. Nevertheless, a break of the support area would be potential to be followed by deeper correction to the next support area at 1.3569.

                              For the other analysis visit www.mysmartfx.com

                              Comment


                              • #30
                                February 4, 2011

                                AUDUSD



                                Australian dollar is still hovering at the parity level against USD with immediate resistance at 1.0193. A break of this resistance is expected to push the Aussie higher to the 1.0231/USD. However, correction is potential to the trendline or support area at 1.0140 as bearish signal given by stochastic and CCI.

                                EURUSD



                                Bullish channel on the 4-hourly chart has broken and EURUSD is testing resistance level at 1.3638 as an attempt to make a pullback move to the resistance area at 1.3749. However, a break of the support at 1.3638 possibly would be the confirmation that the downtrend ends and the price likely moves to 1.3426.

                                GBPUSD



                                Correction occurs from the resistance at 1.6277. Immediate support is at 1.6075 where a break of it possibly will cause deeper correction to the rising trendline area. However, 4 hours stochastic and CCI begin to produce bullish signal so if the support holds the uptrend likely will continues to 1.6277.

                                for the other analysis please visit www.mysmartfx.com

                                Comment

                                Top Active Users

                                Collapse

                                There are no top active users.
                                Working...
                                X