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Posts posted by MySmartFx_Ind
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Euro Testing Bearish Trendline Area
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28 June 2011
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EURUSD
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http://www.mysmartfx.com/assets/2011/06/eu%206-28-2011%2010-20-55%20AM.jpg
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EURUSD succeed rebound and testing the bearish trendline. If the trendline area is penetrated, it can the open opportunities a further upwards to 1.43601 up to 1.44440. However be alert CCI and Stochastic condition were in the overbought area because potential trigger a bearish movement to 1.42307 until 1.41013 if the trendline is survive.
GBPUSD
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GBPUSD likely consolidated around 1.59369 to 1.60132 at yesterday trading session. Currently GBPUSD is testing the resistance at 1.60132. If the level is penetrated, it can trigger a bullish movement aiming the next resistance as the bearish trendline area around 1.60986. However be alert a support at 1.59369 because if the level is broken, any chances for the further bearish movement to 1.58606.
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For the other analysis visit www.mysmartfx.com
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Consolidation On Euro
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May 04, 2011
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EURUSD
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http://www.mysmartfx.com/assets/2011/05/EU%204%20MEI%202011.png
EURUSD still in a very strict trading and currently, the range of trade is in between 1.48760 and 1.47623. The condition of euro movement is in consolidation phase. Technically, the stochastic indicator is in potentially bearish condition. Any breach of support at 1.47623 would have a chance that euro weaken to 1.46471. Conversely, if resistance at 1.48760 penetrated is a first signal that price will strengthen up.
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GBPUSD
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http://www.mysmartfx.com/assets/2011/05/GU%204%20MEI%202011.png
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Currently, the movement of GBPUSD in above support level, after pound penetrated market almost weaken against dollar. Technically, the stochastic indicator is in oversold condition and would have a chance that pound will re-test resistance at 1.65235. Beware if support at 1.64466 penetrated.
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potential Double Top On GBPUSD
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May 02, 2011
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GBPUSD
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http://www.mysmartfx.com/assets/2011/05/GBPUSD%202%20MEI%202011.png
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The movement of GBPUSD potentially to form double top pattern which predicted pound will weaken. Any breach of 1.66206 potential become a first signal that pound will weaken to 1.65235. Beware if resistance 1.67444 penetrated that formation will become failed.
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EURUSD
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http://www.mysmartfx.com/assets/2011/05/EURUSD%202%20MEI%202011.png
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Euro looks potentially to form double top pattern which predicted the movement euro will weaken. Any breach of support at 1.47623 will potential bring euro move to re-test support at 1.46471. Conversely, if resistance at 1.49487 penetrated that euro likely strengthen up to 1.49487.
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for the other analysis visit www.mysmartfx.com
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Potential Flag On 4-Hourly Chart GBPUSD
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April 27, 2011
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GBPUSD
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http://www.mysmartfx.com/assets/2011/04/gu%204-27-2011%2010-22-55%20AM.png
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GBPUSD on the 4-hourly chart potentially form a flag pattern. Currently GBPUSD is around 1.64881 testing the upper channel area as the confirmation level of the pattern. If the upper channel area is penetrated, most likely the movement of GBPUSD will be continue the upwards to 1.65974. It is also confirmed by Stochastic still likely up. But if the upper channel area is survive, be alert a correction to the support at 1.64327 until 1.63309.
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EURUSD
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http://www.mysmartfx.com/assets/2011/04/eu%204-27-2011%2010-15-44%20AM.png
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EURUSD re-appreciated at yesterday trading session. The current movement of EURUSD is around 1.46680 with the nearest resistance at 1.47124. CCI and Stochastic condition already on the overbought area potentially trigger a correction aiming 1.45818 to 1.45010. However be alert a penetrated the resistance at 1.47124 cause potential to trigger a further upwards to 1.48430.
AUDUSD
http://www.mysmartfx.com/assets/2011/04/au%204-27-2011%2010-30-16%20AM.png
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AUDUSD strengthen and make a new highest level at 1.08495. Currently AUDUSD is around 1.08298 and likely to testing the resistance. Meanwhile CCI and Stochastic condition was on the overbought area potential to trigger a correction to 1.07529 if the resistance is survive. On the contrary if the resistance is penetrated, be alert a further upwards to 1.09461.
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For the other analysis visit www.mysmartfx.com
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Euro Re-Test 1.4531
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April 26, 2011
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EURUSD
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http://www.mysmartfx.com/assets/2011/04/eu%204-26-2011%2010-27-36%20AM.png
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EURUSD still in the consolidation phase and re-test the support area at 1.45319. Technically if the support at 1.45319 is broken, it can trigger a further correction to 1.44030 until the trendline area. But if the support area is survive, any chance for a rebound to the resistance at 1.47471 up to 1.47623.
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GBPUSD
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http://www.mysmartfx.com/assets/2011/04/gu%204-26-2011%2010-35-53%20AM.png
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GBPUSD seems have a significant correction in the last two days. Currently the nearest support of GBPUSD is around 1.64327. Any breach a support potential trigger a further correction to 1.63818 until 1.63309. On the contrary CCI and Stochastic condition was on the oversold area potential to trigger a rebound aiming 1.64956 up to 1.65974 if the support at 1.64327 able to survive.
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For the other analysis visit www.mysmartfx.com
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Major Currency Pair Still Likely Flat
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April 25, 2011
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GBPUSD
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http://www.mysmartfx.com/assets/2011/04/gu%204-25-2011%2010-10-50%20AM.png
Cable is testing the support area at 1.64956. Any breach a support level potential trigger a further correction to 1.64327 until 1.6309. Meanwhile, CCI and Stochastic condition was on the oversold area potential to trigger a rebound to 1.65974 if the support is survive.
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EURUSD
http://www.mysmartfx.com/assets/2011/04/eu%204-25-2011%2010-03-30%20AM.png
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EURUSD seems likely flat and testing the support at 1.45319. Any breach a support potential trigger a further correction to 1.44030 until 1.43455. However, be alert a rebound aiming the resistance at 1.64671 if the support is survive. It is also confirmed by CCI and Stochastic was approach the oversold area.
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for the other analysis visit www.mysmartfx.com
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Poundsterling Continue Bullish ?
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April 06, 2011
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GBPUSD
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http://www.mysmartfx.com/***ets/2011/04/gu%204-6-2011%2010-39-14%20AM.png
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Cable still appreciated at the last few days and the current movement of Cable is testing the resistance at 1.63985. Technically refers by CCI and Stochastic movement was on the overbought area, Cable potentially correction to the support at 1.62794 until 1.62143 if the resistance able to survive. On the contrary if the resistance is penetrated, any chance for the further upwards to 1.63958.
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EURUSD
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http://www.mysmartfx.com/***ets/2011/04/eu%204-6-2011%2010-26-46%20AM.png
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EURUSD is testing the resistance at 1.42675. Any breach a resistance potentially trigger a further strengthen to 1.43259. Meanwhile CCI and Stochastic condition was on the overbought potentially trigger a bearish movement aiming the support at 1.42091 until 1.41438 if the resistance is survive.
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for the other analysis visit www.mysmartfx.com
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Potential Rebound For Aussie
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April 05, 2011
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AUDUSD
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http://www.mysmartfx.com/***ets/2011/04/au%204-5-2011%2010-35-52%20AM.png
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4-hourly chart AUDUSD is testing the support area at 1.03122. Any breach a support potential trigger the correction to 1.02877. Meanwhile CCI and Stochastic condition was on the oversold area potential to trigger a rebound aiming the resistance at 1.03367 up to 1.03518. Potential rebound is also reinforced by hammer formation on the 4-hourly chart.
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EURUSD
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http://www.mysmartfx.com/***ets/2011/04/eu%204-5-2011%2010-19-50%20AM.png
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EURUSD have a correction to the support at 1.41730. Technically CCI and Stochastic condition was on the oversold potential trigger a rebound to 1.42675 if the support able to survive. On the contrary if the support area is broken, any chance for the further bearish movement to the trendline area.
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GBPUSD
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http://www.mysmartfx.com/***ets/2011/04/gu%204-5-2011%2010-26-51%20AM.png
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Cable is around 1.61283 and testing the resistance area at the same level. A bias of Cable is likely flat. If the resistance is penetrated, it is potentially trigger the upwards to 1.61769. On the contrary if the resistance able to survive, Cable likely to continue the bearish movement to 1.60983 until 1.60740.
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For the other analysisvisit www.mysmartfx.com
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Euro Re-Test The Resistance Area
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April 04,2011
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EURUSD
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http://www.mysmartfx.com/***ets/2011/04/eu%204-4-2011%2010-24-05%20AM.png
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EURUSD is around 1.42230 and likely to testing the resistance at 1.42473. Any breach a resistance potentially trigger a further upwards to 1.43400. Meanwhile, be alert a correction to the support at 1.41546 until 1.40509 if the resistance is able to survive. This projection also reinforced by CCI and Stochastic was on the overbought area.
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GBPUSD
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http://www.mysmartfx.com/***ets/2011/04/gu%20_4_APRIL_2011.png
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A bias of GBPUSD still likely flat with the nearest resistance at 1.6150 and support at 1.60994. Technically refers by CCI and Stochastic movement was on the overbought, GBPUSD potentially correction to 1.60994 until 1.60427 if the resistance able to survive. On the contrary if the resistance is penetrated, it can trigger the further upwards to 1.6200.
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USDCHF
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http://www.mysmartfx.com/***ets/2011/04/uc%204-4-2011%2010-37-59%20AM.png
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USDCHF test the support area 0.92322. Any breach a support potential to trigger a further correction to the trendline area. However, be alert a rebound to 0.92887 up to 0.93392 if the support able to survive.
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for the other analysis visit www.mysmartfx.com
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EURUSD Testing Key Resistance
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March 31, 2011
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EURUSD
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http://www.mysmartfx.com/***ets/2011/03/EURUSD%2031%20Maret%202011.png
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EURUSD is testing resistance at 1.4154 and also the upper area of the minor bearish channel. It is can be said that this level is key resistance where a break of it will confirm the bullish flag pattern where next movement is to test the next level at 1.4247.
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However, it is important to notice that the 4 hours stochastic and CCI are overbought, so the chance for correction to 1.4051 is still opened if the resistance holds.
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GBPUSD
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http://www.mysmartfx.com/***ets/2011/03/GBPUSD%2031%20Maret%202011.png
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Sterling corrected a little bit and is hovering around the resistance at 1.6092. Bearish signal appears from hourly stochastic and CCI so if the prices stay below 1.6092, then the chance for correction to 1.6062 or even 1.6013 area is quite big. Conversely, a movement above 1.6112 will enlarge the bullish potential to 1.6140.
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for the other analysis visit www.mysmartfx.com
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GBPUSD Stuck Firmly At Support
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March 24, 2011
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GBPUSD
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http://www.mysmartfx.com/***ets/2011/03/GBPUSD%2024%20MAR%202011.png
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The cable looks weaken sharply and currently stuck firmly at 1.62145. Technically, the stochastic indicator is in oversold condition with expectation pound will correction to 1.63005. If resistance at 1.63005 penetrated then pound will continuing strengthen up to 1.64002. Beware if support at 1.62145 penetrated.
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EURUSD
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http://www.mysmartfx.com/***ets/2011/03/EURUSD%2024%20MAR%202011.png
Currently, the movement of EURUSD is in support area of Andrew Pitchfrok. Technically, the stochastic indicator is in oversold condition with expectation euro will rise to 1.41429. If euro continue move then resistance at 1.41823 will become a first signal. Beware if support at 1.40622 penetrated.
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For the other analysis visit www.mysmartfx.com
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GBPUSD Re-test Support At 1.63301
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March 23, 2011
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GBPUSD
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http://www.mysmartfx.com/***ets/2011/03/GBPUSD%2023%20MAR%202011.png
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Currently, the movement of GBPUSD is in still support area of Andrew Pitchfrok. Technically, the stochastic indicator is in potentially bearish with indication pound will weaken against dollar. Any breach of support at 1.63301 will bring pound weaken to 1.62545. Beware if resistance at 1.63823 penetrated.
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EURUSD
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http://www.mysmartfx.com/***ets/2011/03/EURUSD%2023%20MAR%202011.png
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Currently, the movement of EURUSD is in above median line of Andrew Pitchfrok. Technically, the stochastic indicator is in oversold condition with indication euro will strengthen up. Any breach of resistance at 1.42155 will bring euro strengthen up to 1.42678. Beware if support at 1.41429 penetrated.
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for the other analysis visit www.mysmartfx.com
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Euro Will Weaken ?
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March 22, 2011
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EURUSD
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http://www.mysmartfx.com/***ets/2011/03/EURUSD%2022%20MAR%202011.png
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Currently, the movement of EURUSD is in resistance area at 1.42368. Technically, the stochastic indicator is in overbought condition. Any breach of support at 1.41994 will bring euro weaken to 1.41354. Beware if resistance at 1.4268 penetrated.
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GBPUSD
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http://www.mysmartfx.com/***ets/2011/03/GBPUSD%2022%20MAR%202011.png
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The movement of GBPUSD looks stuck firmly at 1.63301. Technically, the stochastic indicator is in overbought condition. Any breach of support at 1.62946 will bring euro weaken to 1.62545. Beware if resistance at 1.63301 penetrated.
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For the other analysis visit www.mysmartfx.com
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Euro Stuck Firmly At 1.41823
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March 21, 2011
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EURUSD
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http://www.mysmartfx.com/assets/2011/03/EURUSD%2021%20MAR%202011.png
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Currently, the movement of EURUSD is in still bullish trend. Technically, the stochastic indicator is in overbought condition with indication euro will correction to 1.40834. Any breach of resistance at 1.41823 will bring euro strengthen up against dollar to 1.42864.
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GBPUSD
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http://www.mysmartfx.com/assets/2011/03/GBPUSD%2021%20MAR%202011.png
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The movement of GBPUSD is look weaken. Technically, the stochastic indicator is in overbought condition. Any breach of support 1.62007 will bring pound weaken to 1.61448. Conversely, if resistance at 1.62303 penetrated then pound will strengthen up to 1.62861.
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for the other analysis visit www.mysmartfx.com
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Euro Consistently Bullish
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March 18, 2011
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EURUSD
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http://www.mysmartfx.com/assets/2011/03/eu%203-18-2011%208-41-28%20AM.png
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EURUSD Consistently up at the last few days. Current movement of EURUSD is around 1.40664 and still likely up aiming the resistance level as 16.8% of Fibo Expansion at 1.41257. Technically if the resistance is survive, any chances for the correction aiming the support level at 1.40305 to 1.39330. On the contrary if the resistance is penetrated, any chances a further upwards to 1.42141.
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GBPUSD
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http://www.mysmartfx.com/assets/2011/03/gu%203-18-2011%208-47-26%20AM.png
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GBPUSD is testing the resistance at 1.61460. Any breach a resistance potentially trigger the further strengthen to 1.61984 up to 1.62508. Meanwhile, be alert a potential correction which is reflected on the CCI and Stochastic movement was on the overbought area. The farthest correction can be expected is around 1.60874.
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USDJPY
http://www.mysmartfx.com/assets/2011/03/uj%203-18-2011%208-35-32%20AM.png
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USDJPY is rocketed and testing the resistance at 81.471. If the resistance is penetrated, it is potential to trigger the further upwards aiming 82.691. However, CCI and Stochastic condition was on the overbought area potentially triggered the short term correction aiming the support at 81471 to 80.251 if the resistance is survive.
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for the other analysis visit www.mysmartfx.com
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EURUSD Re-Test The Trendline Area
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March 17,2011
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EURUSD
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http://www.mysmartfx.com/assets/2011/03/eu%203-17-2011%209-58-40%20AM.png
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EURUSD seems likely testing the trendline area. A bias on EURUSD is likely bullish as the CCI and Stochastic movement still up away the oversold area. Technically if the trendline area is survive, any chances a rebound aiming the resistance at 1.39423 up to 1.40013. But if the bias change into bearish and breaks the trendline, be alert correction to the support at 1.38457 until 1.38102.
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GBPUSD
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http://www.mysmartfx.com/assets/2011/03/gu%203-17-2011%209-51-53%20AM.png
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GBPUSD is testing the support at 1.59782. Any breach the support area potential trigger the further correction to 1.59262. Meanwhile, the technical indicator as CCI and Stochastic was on the oversold area potential trigger a rebound to the resistance at 1.60302 up to the trendline area.
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USDCHF
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http://www.mysmartfx.com/assets/2011/03/uc%203-17-2011%2010-10-29%20AM.png
USDCHF is re-corrected after previously failed to penetrate the resistance at 0.90571 at the early trading session. Technically a bias is likely bearish testing the support area at 0.89831. If the support is broken, it can trigger the further correction to the next support area at 0.89170 to 0.88509. But if the support can be survive, any chance for a rebound to the resistance at 0.90571 to 0.91311.
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for the other analysis visit www.mysmartfx.com
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Euro Likely Bearish Aiming 1.3942
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March 16, 2011
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EURUSD
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http://www.mysmartfx.com/assets/2011/03/eu%203-16-2011%2010-56-06%20AM.png
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EURUSD seems likely bearish to the support at 1.39423. It is confirmed by CCI and Stochastic which is begin to down away the overbought area. If the support area is broken, EURUSD would aim the next support at 1.38762 as the trendline area. However, be alert a further upwards to 1.40350 if the resistance penetrated.
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GBPUSD
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http://www.mysmartfx.com/assets/2011/03/gu%203-16-2011%2010-40-34%20AM.png
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The current movement of GBPUSD is testing the support at 1.60630. Any Breach a support area potentially triggered the further correction to 1.58918. But if the support area can be survive, any chances for a rebound to the resistance at 1.61159 up to the trendline area.
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USDJPY
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http://www.mysmartfx.com/assets/2011/03/uj%203-16-2011%2010-21-26%20AM.png
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USDJPY seems likely bearish to the support at 80.598. It is also reinforced by the bearish signal from CCI and Stochastic. If the support is broken, any chances for the bearish movement to 79.964. But if the support able to survive, any chances a rebound to the resistance as the trendline around 81.232.
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For the other analysis visit www.mysmartfx.com
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Sterling, Euro Correction ?
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March 15, 2011
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GBPUSD
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http://www.mysmartfx.com/assets/2011/03/gu%203-15-2011%2010-02-13%20AM.png
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GBPUSD formed a inverse head and shoulders pattern at yesterday trading session. The current movement of GBPUSD is testing the support at 1.61465. If the support is breaks, any chances for the further correction to 1.60885. Meanwhile, CCI and Stochastic condition was on the oversold area potential to trigger a rebound aiming the resistance at 1.61984 if the support able to survive.
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EURUSD
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http://www.mysmartfx.com/assets/2011/03/eu%2023-15-2011%2010-30-33%20AM.png
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EURUSD is testing the support at 1.39428. Any breach a support, potential to trigger the correction to 1.39052. It is also confirmed by the bearish signal from CCI and Stochastic was on the overbought area. However, be alert a rebound to 1.40020 if the support able to survive.
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For the other analysis visit www.mysmartfx.com
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Potential Inverse Head And Shoulders Pattern On GBPUSD
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March 2011, 14
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GBPUSD
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http://www.mysmartfx.com/assets/2011/03/gu%203-14-2011%2010-23-11%20AM.png
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Hourly chart of cable potentially form Inverse Head And Shoulders pattern with the neckline area around 1.6109 as the bearish trendline area. If the neckline area is penetrated, Cable potentially continued the upwards aiming the resistance at 1.61403 up to 1.61790. It is also confirmed by Stochastic was on the oversold and potentially trigger a bullish movement. But if the resistance is survive, Any chances for a bearish movement to 1.60389 until 1.59763.
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EURUSD
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http://www.mysmartfx.com/assets/2011/03/eu%2014_MARCH_2011.png
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EURUSD formed a flag pattern on 4-hourly chart and the current movement of EURUSD is testing the resistance at 1.3959. Any breach the resistance potential to trigger the further upwards aiming the resistance at 1.4035. Be alerts a pullback to the support area at 1.3873 until the upper flag area if the resistance able to survive.
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USDJPY
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http://www.mysmartfx.com/assets/2011/03/uj%203-14-2011%2010-35-54%20AM.png
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Today USDJPY have a significant strengthen and the current movement of USDJPY is testing the resistance at 82.301. If the resistance is survive, any chances for a bearish movement to 81.694 until 81.318. It is also confirmed by CCI and Stochastic was on the overbought area. But if the movement penetrated the resistance, there are opportunities a further upwards aiming the resistance at 82.677 up to 83.285.
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For the other analysis (Index,Commodity,CFD) visit www.mysmartfx.com
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Euro Stuck Firmly At 1.3973
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March 04, 2011
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EURUSD
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http://www.mysmartfx.com/assets/2011/03/EURUSD%204%20MAR%202011.png
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Currently, euro stuck firmly at resistance area of Andrew Pitchfrok with indication euro will correction to median line. Technically, the stochastic indicator is in overbought. But if resistance at 1.3973 penetrated then pound will strengthen up to 1.4030.
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GBPUSD
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http://www.mysmartfx.com/assets/2011/03/GBPUSD%204%20MAR%202011.png
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GBPUSD is in still sideways condition. Technically, the stochastic indicator is in potentially bullish. Any breach of 1.6342 will bring pound strengthen up to 1.6525. But if support at 1.6251 penetrated, then pound will weaken to 1.6076.
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For the other analysis visit www.mysmartfx.com
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Pound Will Rising
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March 03, 2011
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GBPUSD
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http://www.mysmartfx.com/assets/2011/03/GBPUSD%203%20MAR%202011.png
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This afternoon, GBPUSD movement looks in above median line of Andrew Pitchfrok. Technically, the stochastic indicator is in overbought condition with indication pound will correction to 1.6233. Conversely, any breach of resistance 1.6343 will bring pound strengthen up to 1.6536.
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EURUSD
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http://www.mysmartfx.com/assets/2011/03/EURUSD%203%20MAR%202011.png
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Today, euro looks potentially will rise. Technically, the stochastic indicator is in overbought condition. Any breach of support at 1.3837 will bring euro weaken to 1.3763. But if resistance at 1.3922 penetrated then euro will strengthen up to 1.4030.
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for the other analysis visit www.mysmartfx.com
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USDCHF Will Rising
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March 02,2011 10:56:10
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EURUSD
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http://www.mysmartfx.com/assets/2011/03/EURUSD%202%20MAR%202011.png
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Today, in predicted euro still weaken against dollar. Technically, the stochastic indicator is in oversold condition which expectation euro will weaken till support at 1.3717. But if support at 1.3717 penetrated then euro will be continue correction to 1.3643.
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GBPUSD
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http://www.mysmartfx.com/assets/2011/03/GBPUSD%202%20MAR%202011.png
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This morning, pound looks weaken against dollar and the stochastic indicator is in oversold condition. Any breach of support at 1.6178 will bring pound continuing weaken till 1.6096. If not penetrated, then pound will strengthen up to 1.6327.
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USDCHF
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http://www.mysmartfx.com/assets/2011/03/USDCHF%202%20MR%202011.png
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This morning, USDCHF looks rising. Technically, the stochastic indicator is in oversold condition, which strengthen indication dollar will strengthen up till 0.9370. But any breach of support at 0.9258 then dollar will weaken till 0.9230.
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for the other analysis visit www.mysmartfx.com
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Pound Looks Little Strong
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February 28, 2011
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GBPUSD
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http://www.mysmartfx.com/assets/2011/02/GBPUSD%2028%20FEB%202011.png
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After weakens sharply, currently pound looks little strong against dollar. Technically, the indicator stochastic is in potentially bullish with strengthen indication pound will strengthen up against dollar till 1.6191. Conversely, any breach of support at 1.6030 then strengthen indication pound will weaken till 1.5963.
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EURUSD
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http://www.mysmartfx.com/assets/2011/02/EURUSD%2028%20FEB%202011.png
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Currently, euro is in under median line of Andrew Pitchfrok. Technically, the stochastic indicator is in oversold condition. If resistance at 1.3766 penetrated with indication euro will strengthen up against dollar to 1.3835. Conversely, any breach of support at 1.3710 then indication euro will weaken till 1.3645.
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For the other analysis visit www.mysmartfx.com
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Cable Potentially Rebound
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February 25, 2011
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GBPUSD
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http://www.mysmartfx.com/assets/2011/02/gu%202-25-2011%2010-27-39%20AM.png
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Cable re-corrected to the trendline area at yesterday trading session. The current movement of cable likely rebound testing the resistance at 1.61563. Technically refers by CCI and Stochastic which is begin to move up away the oversold area, Cable potentially continue the upwards to 1.61966 up to 1.62618 if the resistance is penetrated. However be aware a further correction to 1.60911 until 1.60508 if the bias changes into bearish and the trendline area is broken.
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EURUSD
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http://www.mysmartfx.com/assets/2011/02/eu%202-25-2011%2010-37-49%20AM.png
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EURUSD still strong and currently is around the resistance at 1.38362. If the resistance penetrated, it can trigger the further upwards to 1.39096. On the contrary CCI and stochastic condition was on the overbought potentially trigger the correction to the support at 1.37628.
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USDJPY
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http://www.mysmartfx.com/assets/2011/02/uj%202-25-2011%2010-44-04%20AM.png
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USDJPY is around the bearish trend at the last few days. Currently USDJPY have a rebound testing the resistance at 82.167. If the resistance is penetrated, it can trigger the further strengthen to 82.787 up to 83.065. This is also reinforced by CCI and Stochastic condition was on the oversold area and begin to moves up. However be aware the potential correction to 81.059 if the support at 81.613 is breakout.
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For the other analysis visit www.mysmartfx.com
[ Smart Review ] Technical Analysis Forex Daily Up Date
in Technical Analysis
Posted
Cable Still In Consolidation Phase
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29 June 2011
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GBPUSD
http://www.mysmartfx.com/assets/2011/06/gu%206-29-2011%2010-03-36%20AM.jpg
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GBPUSD still in the consolidation phase with a medium range around 1.59119 to 1.59941. The current movement of GBPUSD is testing the resistance at 1.59941. If the resistance penetrated, it can trigger a further upwards to the trendline area. Meanwhile, be alert s bearish movement aiming the support at 1.59119 if the resistance at 1.59941 able to survive.
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EURUSD
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http://www.mysmartfx.com/assets/2011/06/eu%206-29-2011%2010-07-46%20AM.jpg
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EURUSD succeed to penetrate the bearish trendline area at yesterday trading session. Current movement of EURUSD potential pullback to the support around 1.43260 until the trendline area before the movement continues the upward aiming 1.44648. The projection is also confirm by CCI and Stochastic was on the overbought area. Ignore the short-term projections about a pullback since the resistance at 1.43954 penetrated because it can open opportunities for the further upwards to 1.44648
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