EUR/USD Daily Outlook 31 JAN 2012
The EURO declined yesterday as mentioned in the weekly report, and tested the area around 1.3080, but it pulled back again and attacked 1.3200 level last night..
As said yesterday, according to the daily chart, the pair is going to fluctuate around EMA 50…Continue
EUR/USD Weekly Outlook (30 JAN – 03 Feb 2012) Upward move may stop soon?!
Hello everyone…let’s start with the daily chart above?!
Well, I have lots of technical things need to be discussed but the most important is the resistance (broken support) 1.3211 low of Nov 2011 where the bearish breakout happened on…
Majors Outlook (30 JAN - 03 FEB 2012)
This week the pair is supposed to find strong support around these levels :1.3104, 1.3047, 1.2985
losing 1.3047 will weak the bullish trend but losing 1.2985 may eliminate the bullish trend and lead for strong bearish move towards 1.2800 levels.
For the upside move the pair is going to find strong…Continue
Added by Haitham653 on January 29, 2012 at 1:25pm — No Comments
EURUSD Daily Outlook 27 JAN 2012
EUR/USD Daily Outlook 26 JAN 2012
As mentioned in yesterday’s report , the level 1.2950 served as supper support level , the pair failed on daily to close below this level , add to that ; breaching 1.3062 eliminates all negativity on smaller time-frames.
Yesterday the pair managed to close…Continue
EUR/USD Daily Outlook 25 JAN 2012
The pair failed yesterday to break above 1.3035, also as shown on the 1 hour chart, the pair is under negative pressure affected by the bearish candle with long shadow, only a break above 1.3062 is supposed to attack 1.3120/50...
If you wanna go long you may go long…Continue
EUR/USD Daily Outlook 24 JAN 2012
As said in yesterday’s report, the pair found resistance around EMA 50 on daily – 1.3040 – and declined towards 1.2990 levels as RSI on 30 min chart suggested, but RSI on 1 hour suggests a test to the area around 1.2960.
Now the pair is trading above EMA 200 on 4 hour…Continue
Part One (EUR/USD)
If you back a bit on the daily chart above, you’ll notice the pair failed two times to break above the sloping resistance line of the…Continue
As shown on the 4 hour chart posted above , the pair's successfully passed a major resistance level at 1.2878 , according to CCI the next level is 1.3076 but we have some res. levels around 1.2880 , EMA 200 on 4 hour chart , the psychological level 1.3000 , so the pair may fluctuate strongly around this level , and it may test 1.2925 - 1.2880?!!!
Keep in mind , the…Continue
At the moment of writing this report , the pair is testing the resistance area 1.2880 , probably this is the last test before the next drop , but we need a break to the support level 1.2808 to accelerate the downside suggested in yesterday's report , according to momentum indicators on 1 hour chart , only matter of time before the next drop ?!!
If you wanna risk a bit…Continue
According to weekly chart, the first major target of the last drop from 1.4939 on 4th May 2011 is supposed to be around fib (161.8%) 1.2693; the fact is that the level 1.2665 has shown supper support level , add that the pair failed couple of times to break above the sloping resistance line of the downward channel on daily !!
But the other fact which we…Continue
CCI(20) on 1 hour chart is giving us a light bullish trend , but RSI and ADX are on overbought condition, so we need to evaluate pair’s activities inside this area , a consolidation followed by a drop is on the horizon…Continue
EUR/USD (09-13 JAN 2012) Recap
The EURUSD topped at 1.2877, closed at 1.2672, and hit 1.2623 last Friday, if you check carefully you’ll notice that pair’s move on last Friday for couple of hours was more that its move during the whole week?!!!
This fact makes believe the bearish are taking control over the market and I won’t go long unless I have a clear signal on daily chart!!!
Let it fly as much as it can, I'll be…Continue
Added by Haitham653 on January 16, 2012 at 11:29am — No Comments
The EUR/USD has already breached above the resistance level mentioned in yesterday's report " comments" 1.2844 , the last succeeded bullish breakout happened above EMA 50 was on the 6th of Oct 2011 , now we have a second one above 1.2844 , add to that :
1- The pair formed a double bottom around major weekly support Fib 161.8 - 1.2693 - read my yearly…Continue
Yesterday, According to ADX & Bollinger Band , the pair was supposed to find strong support around 1.2735 , but the bullish correction above this level was limited , and the pair declined strongly below this level affected by the negativity of the bearish divergence of Williams indicator as shown on the chart posted above..but the drop also was…Continue
As mentioned in yesterday's report , the pair entered a period of consolidation , according to ADX on 4 hour the bearish trend is over now , what's the next destination ?!!
We can't be sure yet , but I have some technical signs from other indicators , MACD is showing a light bullish trend , it could a beginning of a new uptrend ,…Continue
According to ADX on 4 hour chart , it seems that the pair enters a period of consolidation , on 1 hour hour chart CCI(20) is pushing hard on the pair , but the last 24 hours , the pair was almost trapped between EMA 50 and EMA 200 , which lead me to…Continue
According to intra-day time frames , the pair was supposed to find strong support around 1.2800 and tested 1.2900 before heading towards 1.2700 levels (161.2) but it declined strongly last week affected by some good news from United States....
The pair pulled back this morning from 1.2700 levels , now we need to evaluate pair's activities on 4 hour chart around…Continue
Added by Haitham653 on January 9, 2012 at 11:00am — No Comments
As shown on the daily chart posted above , the pair is trying to put a top around 1630, also signs of hidden bearish divergence on the horizon only we need a daily close below 1600 level to to add strong bearish momentum to the…Continue
Added by Haitham653 on January 9, 2012 at 9:38am — No Comments
Hello everyone ...
The EUR/USD depreciated strongly the last 2 days from 1.3000 levels and tested the area around 1.2760 this early morning ....
According to technical indicators , I guess the pair is exhausted and needs some rest, MACD & OSMA are showing a possible of correction , RSI we have a bearish breakout followed by bullish…Continue
Added by Haitham653 on January 6, 2012 at 9:40am — No Comments