Technical Analysis, Monday 29 Dec 2008

Ticker: EUR
Last: 1.4188
Pivot: 1.4075
1st sup. 1.4075
2nd sup. 1.395
3rd sup. 1.39
1st res. 1.43
2nd res. 1.4405
3rd res. 1.45

Title: EUR/USD intraday: supported by a rising trend line.
Summary: Update on supports and resistances.
Story: Pivot: 1.4075.
Our Preference: LONG positions above 1.4075 with 1.43 & 1.4405 in sight.
Alternative scenario: The downside penetration of 1.4075 will call for a slide towards 1.395 & 1.39.
Comment: the pair is supported by a rising trend line, the RSI is on the upside.
Trend: ST Ltd Downside; MT Range
Key levels Comment

1.45** Intraday resistance
1.4405** Intraday resistance
1.43** Intraday resistance
1.4188 Last
1.4075** Intraday pivot point
1.395** Intraday support
1.39** Intraday support

Technical Analysis, Wednesday 23 Dec 2008

Time:	21:32 (GMT +2)
Ticker:	EUR
Last:	1.396
Pivot:	1.403
1st sup.	1.391
2nd sup.	1.3825
3rd sup.	1.375
1st res.	1.403
2nd res.	1.4125
3rd res.	1.42

Title:	EUR/USD intraday: consolidation.
Summary:	Update on supports and resistances.
Story:	Pivot: 1.403 Our preference: Short positions below 1.403 with targets @ 1.391 & 1.3825 in extension. Alternative scenario: Above 1.403 look for further upside with 1.4125 & 1.42 as targets. Comments: the pair and its intraday RSI remain on the downside.

Technical Analysis, Tuesday 23 Dec 2008

Date:	2008/12/22
Time:	21:37 (GMT +2)
Ticker:	EUR
Last:	1.395
Pivot:	1.4025
1st sup.	1.3825
2nd sup.	1.375
3rd sup.	1.3635
1st res.	1.4025
2nd res.	1.4125
3rd res.	1.42

Title:	EUR/USD intraday: consolidation.
Summary:	Update on supports and resistances.
Story:	Pivot: 1.4025 Our preference: Short positions below 1.4025 with targets @ 1.3825 & 1.375 in extension. Alternative scenario: Above 1.4025 look for further upside with 1.4125 & 1.42 as targets. Comments: the RSI is bearish and calls for further decline.

Last Price.

Last price b4 market closed...it slowly going up for 50%..but anything will heppen at forex,so bcarefull...:))

Technical Analysis, Friday 19 Dec 2008

Title:	EUR/USD intraday: the downside prevails.
Summary:	Update on supports and resistances.
Story:	Pivot: 1.4400. Our Preference: SHORT positions @ 1.439 with 1.418 & 1.4045 in sight. Alternative scenario: The upside penetration of 1.44 will call for a rebound towards 1.4515 & 1.47. Comment: the 120-min RSI validated a bearish divergence calling for a correction. Trend: ST Ltd Downside; MT Range Key levels Comment 1.47* Intraday resistance 1.4515* Fib retracement (61.8%) 1.44*** Intraday pivot point 1.427 Last 1.418*** Fib retracement (50%) 1.4045** Fib retracement (61.8%) 1.39** Fib retracement (38.2%)

Ticker:	EUR
Last:	1.427
Pivot:	1.44
1st sup.	1.418
2nd sup.	1.4045
3rd sup.	1.39
1st res.	1.44
2nd res.	1.4515
3rd res.	1.47

Technical Analysis, Wednesday 17 Dec 2008

Ticker:	EUR
Last:	1.414
Pivot:	1.42
1st sup.	1.374
2nd sup.	1.363
3rd sup.	1.3415
1st res.	1.42
2nd res.	1.43
3rd res.	1.45

Title:	EUR/USD intraday: key ST resistance at 1.42.
Summary:	Update on supports and resistances.
Story:	Pivot: 1.42 Our preference: Short positions below 1.42 with targets @ 1.374 & 1.363 in extension. Alternative scenario: Above 1.42 look for further upside with 1.43 & 1.45 as targets. Comments: the upward potential is likely to be limited by the resistance at 1.42.

Sick week...:((

Sorry to all visitor/friends/bloger..seen 1 week i can't update n online due i had BAD FEVER and was out of hospital at this week...really sorry to all of u guy...
Hope after this i can catch up what i can...:))

Technical Major Currencies Report , Wednesday December 10, 2008

Soory guy..really bz 3day ago....hope today info will help u all get some profit...
GOOD LUCK...:))

Euro

After reaching our target yesterday, the pair was able to enter a new upside wave to trade above the key resistance for the sideways triangle in an attempt to breach the sideways pattern. The pair is still trading near the key resistance bas has now declined below this level that has shifted today to 1.2955 yet above the 23.6% correction at 1.2930. We see the pair trying to gather bullish momentim to successfully breach the resistance level where it should first build a solid base above 1.2980 which is the 61.8% correction for the ascending channel that started on the 13-11-2008 and ended on 25-11-2008. If the pair was able to break the level, we expect to see it extend its gains to the 100% correction at 1.3240 gradually. However, at the moment, there is no sign of confirming this breach as we should remain cautions during trading because a reverse to levels below the 1.2930 level will stall further gains and perhaps continue the neutral trend.

The trading range for today is among the key support at 1.2735 and the key resistance at 1.3240

The general trend is to the downside as far as 1.5080 remains intact with targets at 1.2340 and 1.2225
Support 1.2905 1.2850 1.2820 1.2805 1.2735
Resistance 1.2955 1.2980 1.3005 1.3060 1.3125
Recommendation Buy the pair (carefully) above 1.2905 with targets at 1.3060 and stop loss with a four hour closing below 1.2820

GBP-USD Downtrend is still intact.It should continue to fall to 1.4715 or 1.4648 if resistance at 1.4781 area doesnt break . Direct rise above 1.4781 could turn the picture bullish for a corrective up move to 1.4833 or even 1.4884 limit .
USD-JPY It might hold above 92.03 or 91.68 for a rise towards above 92.82. Stop loss below 91.68 zone.
USD-CHF Current fall seems to be over near 1.2030 or 1.1980 for a rebound towards 1.2080 - 1.2116 area.

Weekend....

Here we meet again weekend...hope this weekend im not board...:))
This week really bz,but im trading in relax condition w/o preasure...
all this bcoz i didn't keep any floating post anymore...
once reach my target, i will closed all...than go for bloging...:))
hope i can maintain it further....hope so...:))

To all "smile"...BIG THX to all...hope will always smile for me...
To all Muslim...wish u "HAPPY AIDILADHA"...
take care to all n hv a nice weekend...

Technical Major Currencies Report, Friday, December 05, 2008

EURO

After the pair declined to the targets around 1.2550 id did after that indulge in a strong upside wave that took it back to trade mostly above 1.2750 to reach the 38.2% correction at 1.2830; the pair is trading now positively as the possibility for more upside moves is seen yet we witnessed high volatility and fluctuations this week and is still applicable for today for that the levels at 1.2725-50 is the marginal intraday barrier for as long as the pair is trading above the upside remains valid.
The trading range is among the key resistance level at 1.3035 and the key support level at 1.2515.
The general trend is to the downside as far as 1.5080 remains intact; targets are set at 1.2340 and 1.2225.

Support 1.2750 1.2725 1.2700 1.2685 1.2575
Resistance 1.2785 1.2830 1.2860 1.2885 1.2940
Recommendation Buy euro above 1.2725 with targets interlude at 1.2800 and 1.2830, stop loss below 1.2665

GBP-USD Market should hold major support at 1.4379 before rising towards 1.4840 or even 1.4999 limit.
USD-JPY Overall structure is bearish. Decelerating momentum could attract it towards supports at 91.96 or 91.71. Major support is clustered around 91.16 limit.
USD-CHF There is bearish potential for a fall to 1.1856 while 1.2023 - 1.2072 resist. After this fall a recovery up to 1.2072 or 1.2120 is expected.

Technical Major Currencies Report, Thursday, December 04, 2008

SOORY guy for late update..2day really bz n one hole nite didn't sleep bcoz hv soem critical post..huhuhu here the latest update today...Enjoy ur reading...:))

EURO

More downside pressures are seen for the pair even with the incline it managed in the early Asian session as today we can notice the strength of the 1.2750 resistance which was capable of creating a downside pattern and trading below this level will send the pair south towards 1.2620 at least and might reattempt 1.2575; meanwhile breaching 1.2750 will validate the short term upside trend again for the pair.
The trading range is among the key resistance level at 1.2885 and the key support level at 1.2375.
The general trend is to the downside as far as 1.5080 remains intact; targets are set at 1.2340 and 1.2225.

Support 1.2620 1.2575 1.2560 1.2515 1.2465
Resistance 1.2685 1.2725 1.2750 1.2785 1.2830
Recommendation Sell euro below 1.2685 with targets interlude at 1.2620 and 1.2575, stop loss above 1.2765

GBP-USD One more dip to 1.4655 is likely followed by a grind higher to above 1.4859. After which it can resume his downtrend.
USD-JPY It looks set for gains to above 93.77. Supports at 92.92 and 93.15. A break of 92.68 will damage this bullish structure.
USD-CHF Resistances lie around 1.2131 and 1.2222. It should test lower towards 1.204 zone. A clear break of 1.2059 would be bearish.

Technical Major Currencies Report,Wednesday December 3, 2008

EURO

As expected the euro head to the upside in a correctional move, yet today we can see a downside pattern over intraday basis where the 61.8% represents the neckline for the model and for that the downside move is expected as far as trading is below 1.2675, from another side breaching 1.2730 with hourly closing above might help the euro move to the upside for a while.
The trading range is among the key resistance level at 1.2820 and the key support level at 1.2360.
The general trend is to the downside as far as 1.5080 remains intact; targets are set at 1.2340 and 1.2225.

Support 1.2675 1.2645 1.2635 1.2575 1.2540
Resistance 1.2725 1.2750 1.2790 1.2800 1.2820
Recommendation Sell euro below 1.2700 with targets at 1.2635 and 1.2575, stop loss above 1.2759

GBP-USD It may meet resistance in 1.4917 - 1.4921 zone for a drift down to below 1.4628 zone.
USD-JPY It may meet resistance in 93.18 - 93.21 zone for a drift down to below 92.03 zone.
USD-CHF It should test 1.2098 area after which a sell off down to 1.2007 or extended to 1.195 area is expected.

Tuesday December 2, 2008

EURO

The downside wave is still undergoing for the euro against the dollar that prevailed from yesterday and as we can see the pair is trading above the 76.4% correction at 1.2575 and positive divergence on the RSI is seen which shows the upside move is approaching, meanwhile Stochastic is reflecting the need for further downside move to gather momentum; the pair's movement might be biased to the downside temporarily as we expect an upside move as far as 1.2575 remains intact while further support is seen at 1.2530.
The trading range is among the key resistance level at 1.2840 and the key support level at 1.2370.
The general trend is to the downside as far as 1.5080 remains intact; targets are set at 1.2340 and 1.2225.

Support 1.2575 1.2540 1.2530 1.2500 1.2450
Resistance 1.2635 1.2645 1.2685 1.2750 1.2790
Recommendation Buy euro cautiously above 1.2580 with targets at 1.2735, stop loss with hourly closing below 1.2500

GBP-USD Market should not go lower than 1.4636. After this move down it should go up to 1.4847 - 1.5034 area.
USD-JPY Market should meet resistance at 93.94. We expect then an extended move down to 92.51 -90.94 area.
USD-CHF While above 1.2039 - 1.2 zone a corrective upmove could test 1.2106 or 1.2134. After which it should resume its downtrend.

Monday December 1, 2008

EURO


The euro versus the dollar declined in the awaited correctional wave to test the major support levels which have formed to acquire the pair with upside momentum as the upside signals are clear, if the support level at 1.2650 remains intact will be a positive signal for the upside move expected today while the short term upside wave is still intact and steady with continued trading above 1.2445 while closing on a daily basis below this level reinitiates the downside wave.
The trading range is among the key resistance level at 1.2985 and the key support level at 1.2385.
The general trend is to the downside as far as 1.5080 remains intact; targets are set at 1.2340 and 1.2225.

Support 1.2655 1.2610 1.2525 1.2490 1.2445
Resistance 1.2735 1.2785 1.2820 1.2850 1.2920
Recommendation Buy euro above 1.2655 with targets at 1.2735, stop loss with hourly closing below 1.2610

EUR-USD Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.2646 or 1.2578. Major support is clustered around 1.2498 limit.
GBP-USD It should be subject to more sell off towards 1.5296 or 1.5184. Corrective upward swings should face resistance around 1.5516 area. A break of 1.5522 is bullish.
USD-JPY Market looks set for gains towards 95.81 or above in extension. Dips should find support at 95.48 - 95.36 zone.
USD-CHF Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2182 or 1.2339 if support around 1.2100 hold. After which a pullback to 1.2100 - 1.2050 zone is possible.