Hello everyone!

Here is the turning points for this week , (10 Dec - 14 Dec) 2012

Important points and notes:

1- These levels are strong support and resistance levels on short term , the market usually respects these levels…

Hello everyone!

Here is the turning points for this week , (03 Dec - 07 Dec) 2012

Important points and notes:

1- These levels are strong support and resistance levels on short term , the market usually respects these…

Hello everyone!

Here is the turning points for this week , (19 Nov - 23 Nov) 2012

Important points and notes:

1- These levels are strong support and resistance levels on short term , the market usually respects these levels…

Hello everyone!

Here is the turning points for this week , (12 Nov - 16 Nov) 2012

Important points and notes:

1- These levels are strong support and resistance levels on short term , the market usually respects these levels…

Hello everyone!

Here is the turning points for this week , (05 Nov - 09 Nov) 2012

Note: this week I excluded USD/JPY and I added 2 new pairs , EUR/JPY and GBP/JPY, I'll continue this way the next coming weeks...

Important points…

Hello everyone!

Here is the turning points for majors,(29 Oct - 02 Nov) 2012

For more details about how to use these levels, read this blog:…

Hello everyone!

Here is the turning points for majors, the week (22 Oct  - 26 Oct) 2012 !

For more details about how to use these levels, read this blog:…

Hello everyone...

I've been using these techniques for almost a year, based on Fibonacci , high and low and momentum indicators, anyway I hope it would help intraday traders improving their performance !!!

Important points and notes:

1- These…

The EURUSD declined strongly yesterday , after losing the key support mentioned previously 1.2990,trades now below 1.2900 levels.

This situation indicates that pull back from 1.3171 might not completed yet ,consolidation from 1.3171 is still in progress as long as stability is below 1.3000 levels, stability below the key resistance1.2885 would extend the consolidation toward 1.2770 , losing the key support 1.2770 would mean that the bullish momentum in short…

The EURUSD had a bullish momentum last week, topped at 1.3070, but closed lower at 1.3030, the bias is bullish in short term testing the area 1.3085/1.3175 as long as 1.2990 holds,a clear break above 1.3175  would confirm resumption from 1.2042 and target 1.3500 levels , but in return a clear break  below 1.2990 - daily / 4 hour close -  could lead price back to neutral zone in nearest term testing 1.2900/1.2810 zone, but any move below 1.2990 is supposed to be contained by…

Finally, the pair managed to break above the key resistance 1.2965 yesterday, and broke out of consolidation, showing positive momentum in short term, eyes on 1.3115/1.3265 today!!

According to daily RSI, we have strong bullish momentum; price action is testing 1.3115/1.3265 levels, but be careful around 1.3115 we might see some pause (fluctuation), any fall below 1.3000 would be supported well by…

The EURUSD traded with small range yesterday, almost 70 pips, looks like the pair's looking for an explosion , today we have important events; the ECB rate decision from EURO zone, most likely ECB will leave it unchanged but any decrease in rate would challenge 1.2800 level, which is protected strongly by the daily %R indicator, from United States we have  Jobless claims , the previous is 359K, the forecast is : 369K , If It goes this way as expected , EURUSD would break upward…

The EURUSD continued increasing yesterday almost 90 pips, but the pair was rejected strongly from the key resistance mentioned yesterday at 1.2955 and closed below this level showing some weakness in short term...

At the moment of writing EURUSD is trading at the middle range of R1 at 1.2965 and S1 at 1.2825

Stability above 1.2900 might test 1.2965, and stability below 1.2900 would keep pressure toward 1.2825…

At the moment of writing, EURUSD is trading below R1 at 1.2955 and above S1 at 1.2830 ,intraday bias remains neural as long as 1.2955 holds , break above this level would confirm resumption from 1.2042 and target R2 at 1.3080 and R3 at 1.3205 !!

But in return, a break below 1.2835 would extend the consolidation toward S2 at 1.2710, losing this level would mean that the bullish momentum in short term is gone…

As shown on the daily chart posted below, the EURUSD is in consolidation mode- in medium term - after losing the key support 1.2940 which is served now as resistance!

A clear break with stability above 1.2940 would be a sign of very persistent bullish momentum, and then price action is testing 1.3075/1.3170 levels A.S.A.P!

But in return, a clear break below 1.2815 would delay the bullish move and extend the consolidation toward the key support 1.2685;…

The EURUSD continued its bullish momentum yesterday , bottomed at 1.3172, topped at 1.3236 and closed above 1.3230...

After breaching above 1.3224 , I assume a bullish move today testing the key resistance 1.3240/270 , a clear break above this level would lead for more gains testing the key resistance 1.3330/360...

Immediate support is seen around 1.3200 where bounce back to the upside is expected , stability above 1.3170 is indeed to keep the bullish move suggested for today…

The EURUSD continued its unclear direction yesterday, topped at 1.3217 , bottomed at 1.3144 and closed at 1.3195...

At the moment of writing this report the pair is taring around 1.3195 , a clear break above 1.3224 is supposed to lead for more gains testing 1.3350 levels, a clear break below 1.3170 may test the key support 1.3100 , losing this level is supposed to resume the bearish trend testing 1.3000 levels..

In the bigger picture, a clear break above 1.3365/485 resistance…

AS shown on the daily chart posted below, the pair trades around major crossroads, upward , downward , sideways, all options are available!!!!

By checking momentum indicators on daily chart, yes the main trend is bearish but in the next coming few days, the picture is unclear, a daily close above 1.3224 would confirm the bullish breakout and open too many ways to test 1.3300/350 levels, but in return , a daily close below 1.3103 would give us false bullish breakout , then strong…

The EURO continued its unclear direction yesterday trapped between 1.3060 and 1.3180 , bottomed at 1.3068 , topped at 1.3184, closed at 1.3142..

Today I assume a bearish move testing the key support 1.3120 / 13080 , a clear break below this level should test the key support 1.3030/1.3000.

Immediate resistance is seen around 1.3185, stability below 1.3250 is indeed to keep the bearish move suggested for today valid, a clear break above this level would mix up things and test…

As show on the weekly chart posted below , the bearish breakout was confirmed at 1.3551 low of the week 04 Sept 2011 , then pulled back towards 50% retracement of (1.4940 / 1.3551 ) before continuing falling towards 161.8% retracement of the same run around 1.2690 levels at the beginning of this year..

During the last 10 weeks, the pair recovered and tested the area around the broken level 1.3551 , and formed double top pattern at 1.3485..

Well, what I care about this level, is…