MySmartFx_Ind Posted March 24, 2011 Author Report Share Posted March 24, 2011 GBPUSD Stuck Firmly At Support March 24, 2011 GBPUSD http://www.mysmartfx.com/***ets/2011/03/GBPUSD%2024%20MAR%202011.png 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. EURUSD 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. For the other analysis visit www.mysmartfx.com Quote Link to comment Share on other sites More sharing options...
MySmartFx_Ind Posted March 31, 2011 Author Report Share Posted March 31, 2011 EURUSD Testing Key Resistance March 31, 2011 EURUSD http://www.mysmartfx.com/***ets/2011/03/EURUSD%2031%20Maret%202011.png 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. 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. GBPUSD http://www.mysmartfx.com/***ets/2011/03/GBPUSD%2031%20Maret%202011.png 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. for the other analysis visit www.mysmartfx.com Quote Link to comment Share on other sites More sharing options...
MySmartFx_Ind Posted April 4, 2011 Author Report Share Posted April 4, 2011 Euro Re-Test The Resistance Area April 04,2011 EURUSD http://www.mysmartfx.com/***ets/2011/04/eu%204-4-2011%2010-24-05%20AM.png 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. GBPUSD http://www.mysmartfx.com/***ets/2011/04/gu%20_4_APRIL_2011.png 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. USDCHF http://www.mysmartfx.com/***ets/2011/04/uc%204-4-2011%2010-37-59%20AM.png 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. for the other analysis visit www.mysmartfx.com Quote Link to comment Share on other sites More sharing options...
MySmartFx_Ind Posted April 5, 2011 Author Report Share Posted April 5, 2011 Potential Rebound For Aussie April 05, 2011 AUDUSD http://www.mysmartfx.com/***ets/2011/04/au%204-5-2011%2010-35-52%20AM.png 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. EURUSD http://www.mysmartfx.com/***ets/2011/04/eu%204-5-2011%2010-19-50%20AM.png 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. GBPUSD http://www.mysmartfx.com/***ets/2011/04/gu%204-5-2011%2010-26-51%20AM.png 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. For the other analysisvisit www.mysmartfx.com Quote Link to comment Share on other sites More sharing options...
MySmartFx_Ind Posted April 6, 2011 Author Report Share Posted April 6, 2011 Poundsterling Continue Bullish ? April 06, 2011 GBPUSD http://www.mysmartfx.com/***ets/2011/04/gu%204-6-2011%2010-39-14%20AM.png 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. EURUSD http://www.mysmartfx.com/***ets/2011/04/eu%204-6-2011%2010-26-46%20AM.png 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. for the other analysis visit www.mysmartfx.com Quote Link to comment Share on other sites More sharing options...
MySmartFx_Ind Posted April 25, 2011 Author Report Share Posted April 25, 2011 Major Currency Pair Still Likely Flat April 25, 2011 GBPUSD 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. EURUSD http://www.mysmartfx.com/assets/2011/04/eu%204-25-2011%2010-03-30%20AM.png 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. for the other analysis visit www.mysmartfx.com Quote Link to comment Share on other sites More sharing options...
MySmartFx_Ind Posted April 26, 2011 Author Report Share Posted April 26, 2011 Euro Re-Test 1.4531 April 26, 2011 EURUSD http://www.mysmartfx.com/assets/2011/04/eu%204-26-2011%2010-27-36%20AM.png 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. GBPUSD http://www.mysmartfx.com/assets/2011/04/gu%204-26-2011%2010-35-53%20AM.png 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. For the other analysis visit www.mysmartfx.com Quote Link to comment Share on other sites More sharing options...
MySmartFx_Ind Posted April 27, 2011 Author Report Share Posted April 27, 2011 Potential Flag On 4-Hourly Chart GBPUSD April 27, 2011 GBPUSD http://www.mysmartfx.com/assets/2011/04/gu%204-27-2011%2010-22-55%20AM.png 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. EURUSD http://www.mysmartfx.com/assets/2011/04/eu%204-27-2011%2010-15-44%20AM.png 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 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. For the other analysis visit www.mysmartfx.com Quote Link to comment Share on other sites More sharing options...
MySmartFx_Ind Posted May 2, 2011 Author Report Share Posted May 2, 2011 potential Double Top On GBPUSD May 02, 2011 GBPUSD http://www.mysmartfx.com/assets/2011/05/GBPUSD%202%20MEI%202011.png 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. EURUSD http://www.mysmartfx.com/assets/2011/05/EURUSD%202%20MEI%202011.png 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. for the other analysis visit www.mysmartfx.com Quote Link to comment Share on other sites More sharing options...
MySmartFx_Ind Posted May 4, 2011 Author Report Share Posted May 4, 2011 Consolidation On Euro May 04, 2011 EURUSD 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. GBPUSD http://www.mysmartfx.com/assets/2011/05/GU%204%20MEI%202011.png 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. for the other analysis visit www.mysmartfx.com Quote Link to comment Share on other sites More sharing options...
MySmartFx_Ind Posted June 28, 2011 Author Report Share Posted June 28, 2011 Euro Testing Bearish Trendline Area 28 June 2011 EURUSD http://www.mysmartfx.com/assets/2011/06/eu%206-28-2011%2010-20-55%20AM.jpg 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 http://www.mysmartfx.com/assets/2011/06/gu%206-28-2011%2010-25-47%20AM.jpg 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. For the other analysis visit www.mysmartfx.com Quote Link to comment Share on other sites More sharing options...
MySmartFx_Ind Posted June 29, 2011 Author Report Share Posted June 29, 2011 Cable Still In Consolidation Phase 29 June 2011 GBPUSD http://www.mysmartfx.com/assets/2011/06/gu%206-29-2011%2010-03-36%20AM.jpg 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. EURUSD http://www.mysmartfx.com/assets/2011/06/eu%206-29-2011%2010-07-46%20AM.jpg 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 for the other analysis visit www.mysmartfx.com Quote Link to comment Share on other sites More sharing options...
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