[Sharing] Forex Technical Analysis

fxinvestindo · #1 (**permalink**) 07-02-2012, 04:47

here I will try to provide technical analysis for forex.

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fxinvestindo · #2 (**permalink**) 07-02-2012, 04:49

Daily Pivots: (S1) 1.3085; (P) 1.3145 (R1) 1.3224;

EUR/USD dips back to 1.3030 so far today but is staying in tight range. Intraday bias remains neutral first. On the upside, sustained break of 38.2% retracement of 1.4246 to 1.2625 at 1.3244 will resume the rebound from 1.2625 and target 61.8% retracement at 1.3627. On the downside, break of 1.2931 minor support will suggest that corrective rise from 1.2625 was already finished and the larger decline from 1.4939 is likely resuming for a new low below 1.2625.

In the bigger picture, price actions from 1.6039 are unfolding as a consolidation pattern in the long term and is in progress. Fall from 1.4939 is a falling leg inside the pattern. It's hard to anticipate the length of a leg of any complex corrective pattern. Also, price actions would likely remain choppy and indecisive with misleading momentum indicator readings. But after all, overall picture still favors deeper fall to 1.1875 support before the consolidation pattern completes. Though, sustained trading above 55 weeks EMA (now at 1.3637) will pave the way for a test on 1.4939 resistance level.

fxinvestindo · #3 (**permalink**) 07-02-2012, 04:51

Daily Pivots: (S1) 1.5759; (P) 1.5809; (R1) 1.5869;

GBP/USD dips further to 1.5729 so far today as consolidation from 1.5882 temporary top extends. More corrective trading would be seen. But again. near term outlook remains cautiously bullish with 1.5641 cluster support intact (38.2% retracement of 1.5234 to 1.5882). Above 1.5882 will target a test on 1.6165 key cluster resistance (61.8% retracement of 1.6746 to 1.5234 at 1.6168). Break will confirm that whole decline from 1.6746 has finished at 1.5234 already. On the downside, below 1.5641 support flip bias back to the downside for 1.5234 support instead.

In the bigger picture, price actions from 1.3503 are treated as consolidations to long term down trend from 2.1161. At this point, we're favoring the case that such consolidation is either finished with three waves to 1.6746, or five waves as a triangle at 1.6165. Deeper decline is in favor to 1.4229 key support and decisive break there should extend the long term down trend through 1.3503 low. Meanwhile, strong rebound ahead of 1.4229, or a break of 1.6165, will dampen the immediate bearish view and extend the consolidation from 1.3503 instead.

fxinvestindo · #4 (**permalink**) 08-02-2012, 08:44

EUR/USD Mid-Day Outlook 8 Februari 2012

Daily Pivots: (S1) 1.3058; (P) 1.3100 (R1) 1.3172;

Breakdown of the 38.2% retracement of 1.4246 to 1.2625 at 1.3244 price will continue to rebound from a target price of 1.2625 and 61.8% retracement at 1.3627 price. Daily biased upward trend. On the other hand, breakdown of the price of 1.2931 support will indicate that corrective rise from 1.2625 has completed and the price decline is greater than the price of 1.4939 is likely to continue for the price is below 1.2625. 1.2625.

GBP/USD Mid-Day Outlook 8 Februari 2012

Daily Pivots: (S1) 1.5759; (P) 1.5809; (R1) 1.5869;

GBP / USD bullish with price support at 1.5641 (38.2% retracement of 1.5234 to 1.5882). Above the price of 1.5882 will target 1.6165 resistance tests on the price (61.8% retracement of 1.6746 to 1.5234 at 1.6168). Breakdown of the price would confirm that the overall decline in the price of 1.6746 to 1.5234 over the price already. On the reverse side, below 1.5641 indicates the price will go back to the downside for 1.5234 support prices.

fxinvestindo · #5 (**permalink**) 07-03-2012, 05:24

GBP/USD Mid-Day Outlook 7 Maret 2012

Daily Pivots: (S1) 1.5805; (P) 1.5840; (R1) 1.5899;

GBP / USD 's fall from the price of 1.5991 and the lowest price reached 1.5749 so far in early U.S. session today. The daily bias is the downside for the price 1.5648 support, a breakdown of the price would indicate that the rebound of the price of 1.5234 has completed with three waves in the price of 1.5991 . Also, note that for the price of 1.6165 resistance has not been touched, there is no confirmation of completion of the reduction of the price of 1.6746 . Breakdown of the price of 1.5648 will indicate continued decline in the price of 1.5234 . Conditions upside, above the price of 1.5881 to change bias to neutral (side way).

EUR/USD Mid-Day Outlook 7 Maret 2012

Daily Pivots: (S1) 1.3171; (P) 1.3206 (R1) 1.3252;

EUR / USD 's fall from the price of 1.3486 and the lowest price reached 1.3120 so far in the U.S. session yesterday. Overall rebound of the price of 1.2625 has completed with three waves up in price1.3486 . The daily bias is the downside for the price 1.2974 support. EUR / USD still maintains the pattern of decline in the price below 1.4939 . Below the price of 1.2974 indicates that the reduction of the price 1.4939 will continue under the price of 1.2625 . Conditions upside, above the price of 1.3241 resistance will change the bias to neutral.

fxinvestindo · #6 (**permalink**) 29-03-2012, 09:45

GBP/USD Mid-Day Outlook 29 March 2012

Daily Pivots: (S1) 1.5927; (P) 1.5963; (R1) 1.5985;
GGBP / USD forming a temporary peak at 1.6000 and dropped sharply since then. But with the support 1.5800 , short-term outlook remains bullish and further rally is still supported. Translucency of the resistance 1.5991 confirmed the continued increase of 1.5234 . Further rally should be seen to 1.6165 resistance (61.8% retracement of 1.6746 to 1.5234 at 1.6168). However, the invisibility of 1.5800 will turn focus back to 1.5602 support next.

EUR/USD Mid-Day Outlook 29 March 2012

Daily Pivots: (S1) 1.3291; (P) 1.3338 (R1) 1.3364;
With the support 1.3191 , further rise is expected to EUR / USD for 1.3486 resistance. price will be confirmed through the resumption of rebound from 1.2625 and will target 61.8% retracement of 1.4246 to 1.2625 which is in the price of 1.3627 . On the contrary, below 1.3191 minor support will turn bias to neutral (sideway).

USD/CHF Mid-Day Outlook 29 March 2012

Daily Pivots: (S1) 0.9026; (P) 0.9039; (R1) 0.9063;
Short term outlook in USD / CHF remains bearish with 0.9136 minor resistance. Rebound from 0.8930 has completed at 0.9334 and a decrease of 0.9594 may be continued. Deeper decline should be seen to break through 0.8930 would confirm the bearish case with targets next 0.8567 . On the contrary, above 0.9136 minor resistance will turn bias to neutral (sideway).