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January 31, 2011

 

GBPUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2011/01/GBPUSD_31_JAN_2011.jpg

 

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

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2011/01/EURUSD_31_JAN_2011.jpg

 

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

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2011/01/GBPJPY_31_JAN_2011.jpg

 

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.

 

 

 

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February 1, 2011

 

GBPUSD

 

http://www.mysmartfx.com/assets/2011/02/GBPUSD_1_FEB_2011.jpg

 

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

 

http://www.mysmartfx.com/assets/2011/02/EURUSD_1_FEB_2011.jpg

 

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.

 

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EURUSD

 

http://www.mysmartfx.com/assets/2011/02/EURUSD_2_FEBRUARY_2011.png

 

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

http://www.mysmartfx.com/assets/2011/02/GBPUSD_2_FEBRUARY_2011.png

 

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.

 

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AUDUSD

 

http://www.mysmartfx.com/assets/2011/02/AUDUSD_3_FEB_2011.png

 

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

 

http://www.mysmartfx.com/assets/2011/02/GBPUSD_3_FEB_2011.png

 

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

 

http://www.mysmartfx.com/assets/2011/02/EURUSD_3_FEB_2011.png

 

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.

 

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February 4, 2011

 

AUDUSD

 

http://www.mysmartfx.com/assets/2011/02/AUDUSD_4_FEB_2011.png

 

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

 

http://www.mysmartfx.com/assets/2011/02/EURUSD_4_FEB_2011.png

 

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

 

http://www.mysmartfx.com/assets/2011/02/GBPUSD_4_FEB_2011.png

 

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.

 

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  • 2 weeks later...

Bearish Channel On GBPUSD

 

14 February 2011

 

GBPUSD

 

http://www.mysmartfx.com/assets/2011/02/gu%202-14-2011%2010-05-34%20AM.png

 

GBPUSD consistently moves on the bearish channel area at the last few days. The current movement of GBPUSD is likely bullish aiming the upper channel area as the bullish trendline. Technically if the upper channel area is survive, GBPUSD likely re-corrected aiming the lower channel as the support at 1.5962. It is also reinforced by CCI and Stochastic movement was approach the overbought area. On the contrary if the upper channel area is passes, the movement of GBPUSD likely continue the upwards aiming the resistance at 1.6203.

 

EURUSD

 

http://www.mysmartfx.com/assets/2011/02/eu%202-14-2011%2010-29-45%20AM.png

EURUSD on the 4-hourly chart potentially form a descending triangle pattern. The confirmation level of the triangle is around the support area at 1.3504. If the support is broken, EURUSD will be continue the correction aiming the level at 1.3448. On the contrary if the bias consistently bullish and passes the upper triangle, the pattern is failed and the movement likely up aiming the 1.3595.

 

USDCHF

 

http://www.mysmartfx.com/assets/2011/02/uc%202-14-2011%2010-40-06%20AM.png

 

USDCHF on the 4-hourly chart have a correction aiming the trendline area as the support at 0.9589. Technically refers by CCI and Stochastic was on the oversold area, USDCHF potentially rebound aiming the resistance at 0.9775 if the trendline able to survive, But if the trendline area is broken, USDCHF will be continue the correction to 0.9637.

 

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Euro & Sterling Testing The Resistance Area

 

February 15, 2011

 

EURUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2011/02/eu%202-15-2011%2010-08-26%20AM.png

 

EURUSD succeed rebound aim the resistance area at 1.3548 after previously corrected at yesterday trading session. Technically a bias of EURUSD still likely bullish like a CCI and Stochastic still move up. If the resistance area is penetrated, it can trigger the further strengthen to the area 1.3622. On the contrary if the resistance able to survive, any chance for the correction to 1.3427 to 1.3353.

 

 

GBPUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2011/02/gu%202-15-2011%2010-19-03%20AM.png

 

GBPUSD still consistently moves on the bearish channel area. The current movement of GBPUSD is likely bullish aiming the resistance line of andrew’s pitchfork like in the above projection. It is also reinforced by CCI and Stochastic still move up. If the resistance is penetrated, it can trigger the further strengthen to 1.6120 up to 1.6157. On the contrary if the resistance line able to survive, any chances for the correction aim the median line of andrew’s pitchfork to the support area at 1.5962.

 

 

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Aussie Re-Test Parity Level

 

February 16, 2011

 

AUDUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2011/02/au%202-16-2011%2010-19-30%20AM.png

 

The current movement of Aussie re-test the parity level (1,0000) As the resistance area. Technically refers y CCI and Stochastic movement was on the overbought area, Aussie potentially correction to the support at 0.9970 to 0.9943. However, be alert a further strengthen to the trendline area if the parity level is passes.

 

 

 

EURUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2011/02/eu%202-16-2011%209-58-02%20AM.png

 

EURUSD is likely bullish testing the resistance at 1.3548. Technically if the resistance is survive, the movement of EURUSD potentially correction aiming the support area at 1.3428. It is also reinforced by CCI and Stochastic movement was approach the overbought area. But if the resistance is penetrated, it can trigger the further strengthen to 1.3623.

 

 

 

GBPUSD

 

[spoiler=Smart Review]http://www.mysmartfx.com/assets/2011/02/gu%202-16-2011%2010-10-49%20AM.png

 

Cable entry the consolidation phase around 1.6122 to 1.6171. Technically refers by CCI and Stochastic movement was on the overbought area, Cable potentially down aiming the support at 1.6122 if the resistance is survive. On the contrary if the resistance penetrated, it can trigger the further strengthen to 1.6220.

 

 

 

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Head And Shoulders Patterm On USDJPY

 

February 21, 2011

 

USDJPY

 

http://www.mysmartfx.com/assets/2011/02/uj%202-21-2011%2010-35-16%20AM.png

 

Head and shoulders pattern is formed on the 4-hourly chart USDJPY. Currently USDJPY potentially pullback to the neckline area marked with the green trendline before continue the correction to 82.603 until 82.282. But the pattern can be failed if the movement consistently moves up and penetrated the resistance at 83.443.

 

EURUSD

 

http://www.mysmartfx.com/assets/2011/02/EURUSD%2021%20FEB%202011.png

 

EURUSD seems potentially form a double top pattern on the hourly chart. If the support at 1.3675 broken, the next movement likely to aiming the level at 1.3650. On the contrary the pattern will be failed if the resistance at 1.3715 penetrate and the movement potentially move up to 1.3755 - 1.3780.

 

GBPUSD

 

http://www.mysmartfx.com/assets/2011/02/gu%202-21-2011%2010-27-55%20AM.png

 

GBPUSD test the resistance at 1.62618. Technically refers by CCI and Stochastic was on the overbought area, the movement of GBPUSD potentially correction to 1.61966 until 1.61237 if the resistance able to survive. However be alerts a further strengthen to 1.63270 if the resistance is penetrated.

 

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Flag Pattern On 4-Hourly Chart EURUSD

 

February 22, 2011

 

EURUSD

 

http://www.mysmartfx.com/assets/2011/02/eu%202-22-2011%2010-21-36%20AM.png

 

EURUSD on the 4-hourly chart formed a flag pattern. Currently EURUSD have a pullback to the upper channel area as the support level at 1.35295. Technically refers by a pattern and reinforced by Technical indicators movement was on the oversold, EURUSD potentially rebound to 1.36439 up to 1.37583. On the contrary if the support area is broken, There are opportunities a further correction to 1.34273.

 

GBPUSD

 

http://www.mysmartfx.com/assets/2011/02/gu%202-22-2011%2010-32-39%20AM.png

 

GBPUSD being tested the support at 1.61563. Technically refers by CCI and Stochastic was on the oversold area, the movement of GBPUSD potentially rebound to 1.62618 if the support able to survive. However be alerts a further correction to 1.60991 if the support is broken.

 

USDCHF

 

http://www.mysmartfx.com/assets/2011/02/uc%202-22-2011%2010-46-46%20AM.png

 

USDCHF potentially form a bearish flag on the hourly chart. The confirmation level of the pattern is around the lower channel area. If the movement of USDCHF able to breaks the lower channel area, most likely the movement will be continue the correction aiming the level at 0.94250. But if the lower channel area is survive, any chances for a rebound to the upper channel area.

 

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Euro Succeed Rebound

 

February 23, 2011

 

EURUSD

 

http://www.mysmartfx.com/assets/2011/02/eu%202-23-2011%209-59-46%20AM.png

 

EURUSD succeed rebound in the upper channel area at yesterday trading session. The current movement of EURUSD seems likely testing the resistance at 137140. If the resistance penetrated, it can trigger the further upwards aiming the area 1.37817. However be alert a correction to the support at 1.31463 if the resistance is survive.

 

GBPUSD

 

http://www.mysmartfx.com/assets/2011/02/gu%202-23-2011%2010-08-59%20AM.png

 

The current movement of GBPUSD is being tested a resistance level at 1.61966. In technically the movement of GBPUSD still potentially to continue the strengthening to 1.62618 if the resistance at 1.61966 is penetrated. On the contrary if the movement failed to pass the resistance, GBPUSD will be re-corrected to the support at 1.61237 until 1.60911.

 

USDCHF

 

http://www.mysmartfx.com/assets/2011/02/uc%202-23-2011%2010-39-08%20AM.png

 

USDCHF formed flag pattern on the hourly chart at yesterday trading session. The current movement USDCHF is being tested a support level at 0.93607. If the support is broken, it can trigger the further correction to 0.93267. Meanwhile CCI and Stochastic condition was on the oversold area potentially triggered a rebound to the resistance at 0.93947 up to 0.94157.

 

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Poundsterling Re-test The Level At 1.6261

 

February 24, 2011

 

GBPUSD

 

http://www.mysmartfx.com/assets/2011/02/gu%202-24-2011%2010-25-01%20AM.png

 

GBPUSD re-test the resistance area at 1.62618. Technically if the resistance level is penetrated, it can trigger the further strengthen to 1.63270. Meanwhile CCI and Stochastic was on the overbought area potentially trigger the correction to 1.61966.

 

EURUSD

 

http://www.mysmartfx.com/assets/2011/02/eu%202-24-2011%2010-36-27%20AM.png

 

EURUSD on 4-hourly chart seems consistently bullish aiming the 100% level of fibo expansion at 1.38127. If that level is penetrated, any chance for the further up wards aiming the level at 1.38806. On the contrary CCI and Stochastic condition was on the overbought potentially trigger the correction aiming the support area at 1.37448 to 1.37028 if the resistance able to survive.

 

USDCHF

 

http://www.mysmartfx.com/assets/2011/02/uc%202-24-2011%2010-44-34%20AM.png

 

USDCHF Consistently bearish at the last few days and the current movement of USDCHF is likely to testing the support level at 0.92739. Technically refers by CCI and Stochastic movement was on the oversold area, USDCHF potentially rebound aiming the resistance at 1.93283 up to 1.93891 if the support is survive. But if the support level is breakout, any chance for the further correction to 0.92196.

 

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Cable Potentially Rebound

 

February 25, 2011

 

GBPUSD

 

http://www.mysmartfx.com/assets/2011/02/gu%202-25-2011%2010-27-39%20AM.png

 

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.

 

EURUSD

 

http://www.mysmartfx.com/assets/2011/02/eu%202-25-2011%2010-37-49%20AM.png

 

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.

 

USDJPY

 

http://www.mysmartfx.com/assets/2011/02/uj%202-25-2011%2010-44-04%20AM.png

 

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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Pound Looks Little Strong

 

February 28, 2011

 

GBPUSD

 

http://www.mysmartfx.com/assets/2011/02/GBPUSD%2028%20FEB%202011.png

 

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.

 

EURUSD

 

http://www.mysmartfx.com/assets/2011/02/EURUSD%2028%20FEB%202011.png

 

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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USDCHF Will Rising

 

March 02,2011 10:56:10

 

EURUSD

 

http://www.mysmartfx.com/assets/2011/03/EURUSD%202%20MAR%202011.png

 

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.

 

GBPUSD

 

http://www.mysmartfx.com/assets/2011/03/GBPUSD%202%20MAR%202011.png

 

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.

 

USDCHF

 

http://www.mysmartfx.com/assets/2011/03/USDCHF%202%20MR%202011.png

 

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.

 

for the other analysis visit www.mysmartfx.com

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Pound Will Rising

 

March 03, 2011

 

GBPUSD

 

http://www.mysmartfx.com/assets/2011/03/GBPUSD%203%20MAR%202011.png

 

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.

 

EURUSD

 

http://www.mysmartfx.com/assets/2011/03/EURUSD%203%20MAR%202011.png

 

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.

 

for the other analysis visit www.mysmartfx.com

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Euro Stuck Firmly At 1.3973

 

March 04, 2011

 

EURUSD

 

http://www.mysmartfx.com/assets/2011/03/EURUSD%204%20MAR%202011.png

 

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.

 

GBPUSD

 

http://www.mysmartfx.com/assets/2011/03/GBPUSD%204%20MAR%202011.png

 

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.

 

For the other analysis visit www.mysmartfx.com

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  • 2 weeks later...

Potential Inverse Head And Shoulders Pattern On GBPUSD

 

March 2011, 14

 

GBPUSD

 

http://www.mysmartfx.com/assets/2011/03/gu%203-14-2011%2010-23-11%20AM.png

 

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.

 

EURUSD

 

http://www.mysmartfx.com/assets/2011/03/eu%2014_MARCH_2011.png

 

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.

 

USDJPY

 

http://www.mysmartfx.com/assets/2011/03/uj%203-14-2011%2010-35-54%20AM.png

 

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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Sterling, Euro Correction ?

 

March 15, 2011

 

GBPUSD

 

http://www.mysmartfx.com/assets/2011/03/gu%203-15-2011%2010-02-13%20AM.png

 

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.

 

EURUSD

 

http://www.mysmartfx.com/assets/2011/03/eu%2023-15-2011%2010-30-33%20AM.png

 

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.

 

For the other analysis visit www.mysmartfx.com

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Euro Likely Bearish Aiming 1.3942

 

March 16, 2011

 

EURUSD

 

http://www.mysmartfx.com/assets/2011/03/eu%203-16-2011%2010-56-06%20AM.png

 

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.

 

GBPUSD

 

http://www.mysmartfx.com/assets/2011/03/gu%203-16-2011%2010-40-34%20AM.png

 

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.

 

USDJPY

 

http://www.mysmartfx.com/assets/2011/03/uj%203-16-2011%2010-21-26%20AM.png

 

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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EURUSD Re-Test The Trendline Area

 

March 17,2011

 

EURUSD

 

http://www.mysmartfx.com/assets/2011/03/eu%203-17-2011%209-58-40%20AM.png

 

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.

 

GBPUSD

 

http://www.mysmartfx.com/assets/2011/03/gu%203-17-2011%209-51-53%20AM.png

 

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.

 

USDCHF

 

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.

 

for the other analysis visit www.mysmartfx.com

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Euro Consistently Bullish

 

March 18, 2011

 

EURUSD

 

http://www.mysmartfx.com/assets/2011/03/eu%203-18-2011%208-41-28%20AM.png

 

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.

 

GBPUSD

 

http://www.mysmartfx.com/assets/2011/03/gu%203-18-2011%208-47-26%20AM.png

 

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.

 

USDJPY

http://www.mysmartfx.com/assets/2011/03/uj%203-18-2011%208-35-32%20AM.png

 

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.

 

for the other analysis visit www.mysmartfx.com

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Euro Stuck Firmly At 1.41823

 

March 21, 2011

 

EURUSD

 

http://www.mysmartfx.com/assets/2011/03/EURUSD%2021%20MAR%202011.png

 

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.

 

GBPUSD

 

http://www.mysmartfx.com/assets/2011/03/GBPUSD%2021%20MAR%202011.png

 

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.

 

for the other analysis visit www.mysmartfx.com

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Euro Will Weaken ?

 

March 22, 2011

 

EURUSD

 

http://www.mysmartfx.com/***ets/2011/03/EURUSD%2022%20MAR%202011.png

 

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.

 

GBPUSD

 

http://www.mysmartfx.com/***ets/2011/03/GBPUSD%2022%20MAR%202011.png

 

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.

 

For the other analysis visit www.mysmartfx.com

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GBPUSD Re-test Support At 1.63301

 

March 23, 2011

 

GBPUSD

 

http://www.mysmartfx.com/***ets/2011/03/GBPUSD%2023%20MAR%202011.png

 

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.

 

EURUSD

 

http://www.mysmartfx.com/***ets/2011/03/EURUSD%2023%20MAR%202011.png

 

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.

 

for the other analysis visit www.mysmartfx.com

Edited by MySmartFx_Ind
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