[ Smart Review ] Technical Analysis Forex Daily Up Date

[MySmartFx_Ind]

Hello bro n sis today we will you give a daily analysis for the forex market..

 

please enjoy... :)

[MySmartFx_Ind]

november 30, 2010

 

USDCHF

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/11/uc%2011-30-2010%208-28-03%20AM.png

 

USDCHF form head and shlouders pattern on the hourly chart. The pattern can be valid if the neckline marke with the purple line is breakout. If the movement of USDCHF breaks the neckline, the movement of USDCHF waould aiming the support area at 0.9958 to 0.9935. There are opportunities pullback to on the support area at 0.9958 to the neckline area before the movement of USDCHF continue the correction to the support area at 0.9935. But if the neckline able to survive, It can potentilly trigger a rebound to the resistance at 0.50054.

 

 

GBPUSD

 

[spoiler=Smart review]http://www.mysmartfx.com/assets/2010/11/gu%2011-30-2010%209-44-46%20AM.png

 

GBPUSD consistently bearish on the last few days. The current movement of GBPUSD is tested the support area at 1.5526. Technically refers by CCI and Stochastic movement was on the oversold area, the movement of GBPUSD potentially rebound to the resistance area at 1.5739 if the support level can be survive. But if the movement changing the bias into bearish and breaks the support level at 1.5526, the movement of GBPUSD potentially continue the correction to 1.5396.

 

 

EURUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/11/eu%2011-30-2010%209-26-57%20AM.png

 

EURUSD consistently moves on the bearish trend at the last few days. Currently the movement of EURUSD seems potentially rebound to the resistance at 1.3232 if the support at 1.3061 able to survive. It is also confirmed by CCI and Stochastic movement was on the oversold area and potentially trigger a reversal. On the contrary if the movement changing the bias into bearish and breaks the support, most likely the movement of EURUSD have a further correction to the next support area at 1.2891.

 

 

For the other technical analysis ( CFD, US Index, and Asia Index )

www.mysmartfx.com

Edited December 1, 2010 by MySmartFx_Ind

[MySmartFx_Ind]

December 1, 2010

 

EURUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/eu%2012-1-2010%208-38-02%20AM.png

 

Bearish momentum still dominated a movement of EURUSD. The current movement of EURUSD is being tested the support area at 1.2969. On the hourly chart, the movement potentially formed a double bottom pattern. It is confirmed by technical indicators as stochastic was indicates a rebound to the baseline area at 1.3047 as the confirmation level of the pattern. The farthest rebound can be expected is around the trendline area at 1.3134. But if the support area at 1.2969 is broken, the pattern is failed and the movements potentially continue the correction to the nearest support area at 1.2892.

 

 

GBPUSD

 

[spoiler=Smart review]http://www.mysmartfx.com/assets/2010/12/gu%2012-1-2010%208-59-09%20AM.png

 

GBPUSD entry the consolidation phase around 1.5482 up to 1.5624. Technically a bias of GBPUSD still likely bullish and approaching the overbought area then potentially reversal. But if the resistance area at 1.5624 is penetrated, the movement potentially continue the upwards aiming the next resistance level at 1.5783. On the contrary if the support area breaks, be alerts a further correction to the level at 1.5341.

 

 

USDCHF

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/uc%2012-1-2010%209-05-44%20AM.png

 

The current movement of USDCHF is likely bullish to the resistance area at 1.0054. Meanwhile, the movement of technical indicators as CCI and Stochastic was approach the overbought area and potentially trigger the correction if the resistance area able to survive. The farthest correction can be estimated is around the trendline area. But if the resistance level is penetrated, the movement potentially continue the upwards aiming the level at 1.0102.

 

 

For the other technical analysis ( CFD, US Index, and Asia Index )

www.mysmartfx.com

[MySmartFx_Ind]

December 2, 2010

 

AUDUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/au%2012-2-2010%208-52-32%20AM.png

 

AUDUSD on the 4-hourly chart test the trendline area. Technically refers by CCI and Stochastic movement was on the overbought area, the movement of AUDUSD potentially correction to the support area at 0.9612 if the trendline able to survive. On the contrary if the trendline area break, it can potentially trigger the further strengthen to the resistance at 0.9778.

 

 

GBPUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/eu%2012-2-2010%208-35-43%20AM.png

 

GBPUSD re-entry the consolidation phase around 1.5608 to 1.5647. If the support area at 1.5608 is broken, it is potentially trigger the further correction to the next support area at 1.5584 to 1.5545. But if the resistance at 1.5647 is penetrated, the movement of GBPUSD potentially continue the upwards aiming the level at 1.5658.

 

 

EURUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/eu%2012-2-2010%208-35-43%20AM.png

 

EURUSD likely mixes with the wide range around 1.3100 to 1.3182. Technically refers by CCI and Stochastic movement, EURUSD potentially bullish aiming the resistance at 1.3182. Penetrating the resistance area at 1.3182 potentially trigger the further strengthen to 1.3232. However If the movement changing the bias into bearish and breaks the support at 1.3100, it can the open chances to the further correction aiming the support at 1.3049.

 

 

For the other technical analysis ( CFD, US Index, and Asia Index ) www.mysmartfx.com

[MySmartFx_Ind]

December 3, 2010

 

GBPUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/gu%2012-3-2010%209-21-27%20AM.png

 

GBPUSD likely consolidated around 1.5482 to 1.5627. It is reflected by the hourly chart of GBPUSD above. The current movement of GBPUSD is being tested the resistance area at 1.5627. If the resistance area is penetrated,it can potentially to trigger the bullish movement to 1.5789. But if the resistance able to survive, the movement of GBPUSD potentially correction to the level at 1.5482 until 1.5339.

 

EURUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/eu%2012-3-2010%209-04-23%20AM.png

 

EURUSD remain to entry the consolidation phase around 1.3181 up to 1.3246. If the resistance at 1.3246 is penetrated, the movement of EURUSD would aim the next resistance area at 1.3311. On the contrary if the support area at 1.3181 is broken, it can trigger the correction to the level at 1.3108.

 

 

USDCHF

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/uc%2012-3-2010%208-52-19%20AM.png

 

USDCHF on the 4-hourly chart potentially rebound to the resistance area at 0.9977 up to 0.9988 if the movement consistently bullish. It is also reinforced by the movement of CCI and Stochastic was on the oversold area and potentially trigger the reversal. But if the movement changing the bias into bearish and breaks the support area at 0.9889, there are opportunities a further correction to 0.9848.

 

 

For the other technical analysis ( CFD, US Index, and Asia Index ) www.mysmartfx.com

[MySmartFx_Ind]

December 13, 2010

 

EURUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/eu%2013-12-2010%208-48-05.png

 

EURUSD consistently move on the bearish trend at the last few days. The current movement of EURUSD is being tested the support level at 1.3195. If the support is broken, it can trigger the further correction to the level at 1.3141. Be alert a rebound on those area as the critical level f Fibonacci retracement. It is confirmed by CCI and Stochastic movement was on the oversold area. The farthest rebound can be expected is around the resistance area at 1.3315 up to 1.3423 if the trendline is penetrated.

 

 

GBPUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/gu%2012-13-2010%209-42-54%20AM.png

 

GBPUSD is testing the bearish trendline around 1.5791. If the movement of GBPUSD able to penetrated the trendline, most likely the movement of GBPUSD would aim the resistance area at 1.5861 up to 1.5960. On the contrary if the trendline can be survive, The Farthest correction can be estimated is around the support area at 1.5716 until 1.5627. It is also reinforced by CCI and Stochastic movement which is potentially bearish.

 

 

AUDUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/au%2012-13-2010%209-54-43%20AM.png

 

4-hourly chart AUDUSD show the current movement of AUDUSD is testing the resistance area at 0.9864. If the resistance area is penetrated, it is potentially trigger a bullish movement to the next resistance area at 0.9955. On the contrary if the resistance able to survive, most likely the movement of AUDUSD will be continued the correction to the support level at 0.9751 until 0.9700.

 

 

For the other technical analysis ( CFD, US Index, and Asia Index ) Click Here

[MySmartFx_Ind]

December 14, 2010

 

GBPUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/gu%2014-12-2010%208-44-55.png

 

GBPUSD penetrated the bearish trendline at yesterday trading session. The current movement of GBPUSD is being tested the resistance area at 1.5897. Technicaly refers by CCI and Stochastic movement was on the overbought area, the movement of GBPUSD potentially short term correction to the support level at 1.5799 until the trendline area. But if the movement changing the bias into bullish and penetrated the resistance level at 1.5897, it can the open chances for a further strengthen to the next resistance at 1.5995.

 

 

EURUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/eu%2014-12-2010%209-01-33.png

 

Like a GBPUSD, the movement of EURUSD is testing the resistance level at 1.3423 after previously succeed to penetrate the bearish trendline at yesterday trading session. Technically the movement of EURUSD potentially to correction aim the support area at 1.3315 to 1.3195 if the resistance able to survive. On the contrary if the resistance at 1.3423 is penetrated, the movement of EURUSD likely to continue the bullish movement to 1.3531.

 

 

AUDUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/au%2014-12-2010%209-14-44.png

 

Aussie consistently moves on the bullish trend area at the last few days. Currently AUDUSD movement potentially correction aiming the trendline area if the resistance at 0.9984 can be survive. It is also reinforced by CCI and Stochastic movement was on the overbought area and potentially trigger the bearish movement. Be alert a further strengthen to the level at 1.0039 if the resistance at 0.9984 is penetrated.

 

 

 

For the other technical analysis ( CFD, US Index, and Asia Index ) http://www.mysmartfx.com/en/news/smart-review

[MySmartFx_Ind]

December 15, 2010

 

EURUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/eu%2012-15-2010%209-41-03%20AM.png

 

Head and shoulders pattern formed on the hourly chart of EURUSD. The current movement of EURUSD potentially pullback to the neckline area before the movement continue the correction to the support level at 1.3290 to 1.3242. This is also reinforced by CCI and Stochastic movement was on the the oversold area. However, be alert a further strengthen to the resistance at 1.3417 if the neckline area is passes.

 

 

GBPUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/gu%2012-15-2010%209-21-38%20AM.png

 

GBPUSD on the 4-hourly chart seems consistently moves on the bullish channel area. The current movement of GBPUSD is testing the support level at 1.5747 which is reinforced by the lower channel area in the same level. Technically, the movement of GBPUSD potentially rebound aiming the resistance at 1.5810 to the upper channel area if the support able to survive. It is also confirmed by CCI and Stochastic was on the oversold. But if the support level is broken, GBPUSD potentially continue the correction towards the support area at 1.5646.

 

 

For the other analysis visit www.mysmartfx.com

[MySmartFx_Ind]

December 16, 2010

 

EURUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/eu%2012-16-2010%209-01-33%20AM.png

 

Bearish rising wedge pattern formed on the 4-hourly chart of EURUSD. Technically the current movement of EURUSD potentially pullback aim the lower area of the wedge before continue the correction to the support level at 1.2968. However if the lower area of wedge is penetrated, the movement of EURUSD potentially continue the upwards aiming the resistance area at 1.3295 to 1.3372.

 

 

GBPUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/gu%2012-16-2010%209-49-09%20AM.png

 

GBPUSD on the 4-hourly seems likely correction at yesterday trading session. Currently the movement of GBPUSD is testing the support area at 1.5530. If the support is broken, it can the open chances for the further correction aiming the next support area at 1.5540. Meanwhile, technical indicators as the CCI and Stochastic was on the oversold area potentially trigger the bullish movement to the resistance area at 1.5621 to 1.5722 if the support able to survive.

 

 

USDCHF

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/uc%2012-16-2010%209-43-34%20AM.png

 

The current movement of is around 0.9677. For a while the bias of the USDCHF still likely bullish aiming the resistance at 0.9738 as the bearish trendline area. Technically refers by CCI and Stochastic movement was on the overbought area, the movement of USDCHF potentially correction to the support level at 0.9643 if the resistance able to survive. On the contrary if the trendline area is penetrated, the movement of USDCHF potentially continue the upwards to 0.9832.

 

 

For the other analysis visit www.mysmartfx.com

[MySmartFx_Ind]

December 17, 2010

 

EURUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/eu%2012-17-2010%208-38-56%20AM.png

 

EURUSD get a pullback to the resistance area as the lower wedge area at yesterday trading session. Technically refers by CCI and Stochastic movement was approaching the overbought area, The current movement of EURUSD potentially bearish aiming the support area at 1.3170 to 1.3093 if the resistance (Lower wedge area) can be survive. But if the resistance is penetrated, the movement of EURUSD potentially continue the upwards aiming the level at 1.3372.

 

 

GBPUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/gu%2012-17-2010%209-43-01%20AM.png

 

GBPUSD succeed to rebound at yesterday trading session. The current bias is likely bullish aiming the resistance area at 1.5677. But in technically refers by stochastic movement was on the overbought area, a movement of GBPUSD vulnerable correction. The farthest correction can be expected is around 1.5621 to 1.5530. but if the resistance at 1.5677 is penetrated, any chances for the further strengthen to the trendline area.

 

 

For the other analysis visit www.mysmartfx.com

[MySmartFx_Ind]

December 27, 2010

 

EURUSD

 

[spoiler=Smart Review]

http://www.mysmartfx.com/assets/2010/12/eu%2012-27-2010%208-51-50%20AM.png

EURUSD still in the consolidation phase around 1.3054 to 1.3159. Technically refers by CCI movement was approach the oversold area, EURUSD potentially rebound to 1.3159 if the support at 1.3054 able to survive. The farthest rebound can be estimated is around 1.3276 to 1.3328. but if the movement of EURUSD breaks the support, EURUSD potentially continue the bearish movement to 1.2950.

 

 

GBPUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/gu%2012-27-2010%208-44-22%20AM.png

 

The current bias of GBPUSD on the 4-hourly chart seems likely bearish aiming the support area at 0.5356. Technically refers by CCI and Stochastic movement was approach the oversold area, GBPUSD potentially rebound to the level at 1.5467 up to 1.5535 if the support able to survive. But if the support at 1.5356 is broke, any chances to further bearish movement aiming the next support at 1.5288.

 

 

USDCHF

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/uc%2012-27-2010%209-02-01%20AM.png

 

USDCHF consistently moves on the bearish channel area, it is reflected on the 4-hourly chart above. The current movement of USDCHF is around 0.9621 and likely to testing the upper channel area. If the upper channel area can be survive, any chances for the bearish movement to the support at 0.9548 to 0.9495. This is also confirmed by CCI and Stochastic movement was on the overbought area and potentially trigger bearish movement. But if the upper channel area is penetrated, the movement of USDCHF likely to continue the strengthen aim the level at 0.9666.

 

 

for the other analysis ( CFD,Index, Precious Metals and Energy ) Visit www.mysmartfx.com/en

[MySmartFx_Ind]

December 28, 2010

 

GBPUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/gu%2012-28-2010%208-33-03%20AM.png

 

GBPUSD on the 4-hourly chart succeed to rebound and potentially form a double bottom pattern. The current bias of GBPUSD seems likely bullish testing the baseline area as the confirmation level of the pattern at 1.5477. It is also reinforced by technical indicators movement which is still likely up. If the movement of GBPUSD penetrated the baseline area, it can trigger the further strengthen to the resistance at 1.5578 to the trendline area. But if the baseline area can be survive, any chances for re-correction to the support area at 1.5356.

 

 

EURUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/eu%2012-28-2010%208-41-40%20AM.png

 

Like a GBPUSD, the movement of EURUSD succeed to rebound and the currently is around 1.3224 testing the trendline area which is also reinforced by the resistance level at 1.3242. Technically refers by CCI and Stochastic movement was on the overbought area, EURUSD potentially correction to the support area at 1.3170 if the resistance able to survive. However, be alerts a further strengthen to the resistance at 1.3286 up to 1.3358 if the resistance at 1.3242 penetrated.

 

 

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

[MySmartFx_Ind]

December 29, 2010

 

GBPUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/gu%2012-29-2010%208-33-44%20AM.png

 

GBPUSD re-corrected after previously failed to penetrate the resistance area at 1.5467 on yesterday trading session. At the moment the movement of GBPUSD is around 1.5380 and likely to testing the support area at 1.5356. Technically refers by CCI and Stochastic movement was on the oversold area, the movement of GBPUSD potentially rebound to the resistance level at 1.5467 if the support level able to survive. However be alert a further correction to 1.5288 if the support area is broken.

 

 

EURUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/eu%2012-29-2010%209-19-23%20AM.png

 

EURUSD seems re-enter the consolidation phase around 1.3054 to 1.3159. Technically refers by CCI and Stochastic was on the oversold area, the movement likely to testing to the nearest resistance at 1.3159. If the movement penetrated the resistance, it can trigger the further strengthen to the trendline. But if the bias change into bearish and breaks the support, it can trigger a further correction to 1.2950.

 

 

for the other analysis www.mysmartfx.com

[MySmartFx_Ind]

30 December 2010

 

EURUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/eu12-30-2010%209-31-06%20AM.png

 

Currently, the movement of EURUSD is stuck back in the area resistance at 1.3276. Technically CCI and Stochastic indicators have been in an area overbought. EURUSD is expected in conditions of downward correction to test support around 1.3159. Rupture of these areas will make the price movement of EURUSD towards support area at 1.3054.

 

 

GBPUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2010/12/gu%202%2012-30-2010%209-23-12%20AM.png

 

Poundsterling succeed to rebound and the currently is being tested a resistance area at 1.5529. Technically refers by CCI and Stochastic movement was on the overbought area, the movement of GBPUSD potentially correction to the support area at 1.5458 to 1.5241 if the resistance able to survive. On the contrary if the resistance area penetrated, any chances for the further strengthen aiming the trendline area up to the resistance at 1.5646.

 

 

For the other analysis www.mysmartfx.com/en

Edited December 30, 2010 by MySmartFx_Ind

[MySmartFx_Ind]

January 10, 2011

 

[spoiler=Smart Review]GBPUSD

 

http://www.mysmartfx.com/assets/2011/01/GBPUSD1-10-2011%2010-41-12%20AM.png

 

GBPUSD pulled back to the channel’s lower line which is predicted to be a bearish flag. The price is testing the support at 1.5530 and if the level breaks then next movement is expected to the next support at 1.5454. Stochastic and CCI strengthen the expectation. However, if the price gets back into the channel area then the price will possibly move to test 1.5647.

 

 

 

[spoiler=Smart Review]EURUSD

 

http://www.mysmartfx.com/assets/2011/01/EURUSD%201-10-2011%2010-35-04%20AM.png

 

EURUSD is still in a downtrend as seen on hourly chart. Any breach on the trendline area above 1.2947 possibly will push EURUSD to the next resistance at 1.3031. But according to the proceeding down trend, if the trendline and the resistance area hold out then the movement will likely bearish towards 1.2872. Any breach below this area possibly will possibly drag EURUSD lower to the 1.2796 area.

 

 

for the other analysis visit www.mysmartfx.com

[MySmartFx_Ind]

January 11, 2011

 

EURUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2011/01/EURUSD%201-11-2011%2010-23-02%20AM.png

 

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

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2011/01/USDJPY%201-11-2011%2010-21-38%20AM.png

 

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

[MySmartFx_Ind]

January 12, 2011

 

GBPUSD

 

http://www.mysmartfx.com/assets/2011/01/GBPUSD%201-12-2011%2010-29-06%20AM.png

 

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

 

http://www.mysmartfx.com/assets/2011/01/EURUSD%201-12-2011%2010-19-16%20AM.png

 

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

[MySmartFx_Ind]

January 13, 2011

 

EURUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2011/01/EURUSD_13_JANUARY_2011.jpg

 

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

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2011/01/USDCHF_13_JANUARY_2011.jpg

 

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

[ho3ain190]

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

[MySmartFx_Ind]

January 14, 2011

 

EURUSD

 

http://www.mysmartfx.com/assets/2011/01/EURUSD%201-14-2011%2010-27-41%20AM.png

 

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

 

http://www.mysmartfx.com/assets/2011/01/USDCHF%201-14-2011%2010-38-31%20AM.png

 

 

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

[MySmartFx_Ind]

January 24, 2011

 

GBPUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2011/01/gu%201-24-2011%2010-02-46%20AM.png

 

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

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2011/01/eu%201-24-2011%2010-02-46%20AM.png

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

[MySmartFx_Ind]

January 25, 2011

 

EURUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2011/01/eu%201-25-2011%209-58-43%20AM.png

 

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

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2011/01/uj%201-25-2011%209-45-21%20AM.png

 

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.

 

 

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[MySmartFx_Ind]

January 26, 2011

 

EURUSD

 

http://www.mysmartfx.com/assets/2011/01/eu%201-26-2011%2010-14-51%20AM.png

 

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

 

http://www.mysmartfx.com/assets/2011/01/uc%201-26-2011%2010-34-39%20AM.png

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

[MySmartFx_Ind]

january 27, 2011

 

EURUSD

 

[spoiler=smart review]http://www.mysmartfx.com/assets/2011/01/eu%201-27-2011%2010-19-16%20AM.png

 

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

 

[spoiler=smart review]http://www.mysmartfx.com/assets/2011/01/uc%201-27-2011%2010-15-01%20AM.png

 

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

 

[spoiler=smart review]http://www.mysmartfx.com/assets/2011/01/uj%201-27-2011%2010-07-46%20AM.png

 

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

[MySmartFx_Ind]

January 28,2011

 

GBPUSD

 

http://www.mysmartfx.com/assets/2011/01/gu%201-28-2011%2010-11-54%20AM.png

 

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

 

http://www.mysmartfx.com/assets/2011/01/eu%201-28-2011%2010-24-54%20AM.png

 

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