Haitham653's Blog – April 2011 Archive (38)

USD/JPY Bearish Continuation Trend !

The bullish correction that happened last week was limited , even the pair closed above EMA 50 on 4 hour, the pair found resistance at 82.72 , but it was unable to break above that level , the EMA 50 on daily chart was dominating the pair movement ,it served as strong resistance and pushed the pair to move down…

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Added by Haitham653 on April 30, 2011 at 1:06pm — 3 Comments

EUR/USD bearish correction or sideways market ?!!!

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Added by Haitham653 on April 29, 2011 at 9:01pm — No Comments

EUR/USD Daily Outlook 29 Apr 2011

The trading stabilized between fibo 123.6 correction 1.4764 and  fibo 138.2  correction 1.4835 yesterday , now the pair is trading around the last one , it seems the pair found strong resistance around or between 1.4835 and 1.4881 high of yesterday , add to that RSI trend line is showing weakness in uptrend ,…

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Added by Haitham653 on April 29, 2011 at 7:40am — 5 Comments

GBP/USD 28 Apr 2011

Recommendation: my recommendation is buying the pair around 1.6670 targeting 1.6940 fibo 161.8 correction and stop loss at… Continue

Added by Haitham653 on April 28, 2011 at 7:30am — No Comments

EUR/USD Daily Outlook 28 Apr 2011

The pair succeeded yesterday to achieve our target around 1.4765 - fibo 123.6 correction  and stabilized above the next level 138.2 - 1.4835 this morning !!

Now the pair is heading toward our target in the…

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Added by Haitham653 on April 28, 2011 at 6:26am — 1 Comment

SLIVER Technical Analysis 27 Apr 2011



Recommendation: Upon the chart posted above , my recommendation is buying the pair with an hourly closing above 47.18 targeting 49.82 and stop loss 46.22…

Added by Haitham653 on April 27, 2011 at 6:55pm — No Comments

USD/JPY Technical Analysis 27 Apr 2011

Recommendation: Upon the chart posted above , my recommendation is buying the…

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Added by Haitham653 on April 27, 2011 at 5:11pm — 2 Comments

EUR/USD Daily Outlook 27 Apr 2011

The pair succeeded yesterday to breach above 1.4648 - high of past week - and got rid of all negativity on intraday time frames , the level 1.4648 is supposed to serve now as strong support , incase the pair pullback to this level , the area 1.4580 - 1.4648 would be a good setup for long entry , even we have…

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Added by Haitham653 on April 27, 2011 at 5:48am — No Comments

EUR/USD Daily Outlook 26 Apr 2011

If you read my weekly report you should realize now , that the bulls are running out of gas !!

The pair finds support this morning at 1.4551 , this level has been broken and now it's gonna serve as strong…

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Added by Haitham653 on April 26, 2011 at 6:10am — 1 Comment

EUR/USD Weekly Report ( 25 - 29 April 2011 )

Even we had several 1 hour closes and four hour close above the weekly resistance 1.4580 - high of 04 Nov 2011 - last week , the pair…

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Added by Haitham653 on April 25, 2011 at 9:53am — 1 Comment

GBP/JPY Bullish Breakout Soon !!!

Recommendations : Upon the the chart posted above my recommendation is buying the pair with a four hour closing above 135.94 targeting 140.00 and 143.50 , stop loss 150 pips below your entry… Continue

Added by Haitham653 on April 25, 2011 at 7:28am — No Comments

GBP/USD Bullish breakout has been confirmed

Please read these 2 blogs for more information :

GBP/USD Long Term Analysis…

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Added by Haitham653 on April 24, 2011 at 12:26pm — No Comments

EUR/USD Bullish or Bearish Breakout Next Monday ?!

From the chart posted above, it's obvious that the bulls are losing momentum , multiple divergences , Macd is negative and belwo zero line , RSI is weak and below 50 line  , CCI  another close below -100 will give us a bearish breakout ,the pair is so close from EMA 50 , several closes below EMA 50 may lead…

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Added by Haitham653 on April 22, 2011 at 7:21pm — No Comments

EUR/USD Bulls take a rest now ?!!

The pair dropped strongly around 100 pips affected by the negativity of the multiple bearish divergences on 1 hour chart , after that strong move happened 2 days ago  around 500 pips, I guess the pair needs to rest and take its breath !!

Anyway chances of resuming the upward trend are strong as long as…

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Added by Haitham653 on April 21, 2011 at 5:46pm — No Comments

EUR/JPY possible new bearish trend or bearish correction ?!!!!

I have a bearish breakout on 1 hour chart , I won't short now , it's risky tooo much , stop loss is 100 pips away so I'm gonna wait for a correction ?!!!



I'm not sure this trade is gonna win or (trigger) but in all cases my risk is toooooo small !!

Sell EUR/JPY around 119.90   T/P 118.40  …

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Added by Haitham653 on April 21, 2011 at 4:02pm — No Comments

EUR/USD Daily Outlook 21 Apr 2011

From the chart posted above , we have a clear breakout above the weekly resistance at 1.4580 high of 04 Nov 2010 , RSI is strong and confirmed the breakout , the same thing with CCI , MACD is positive and above the zero line ,EMA 50 and EMA 20 are sloping up strongly , so we have strong upward trend…

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Added by Haitham653 on April 21, 2011 at 6:29am — 2 Comments

EUR/JPY Bullish Breakout ?!!

The bearish correction started 2 weeks ago, stopped yesterday around fibo 38.2 correction -117.00- we can easily see the strong bullish move which caused by CCI bullish divergence , also we have several closes above 50/100/150/200 EMA , the last 4 hour candle closed above EMA 50 , the trend line and…

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Added by Haitham653 on April 20, 2011 at 12:19pm — 1 Comment

EUR/JPY & GBP/JPY Bullish Breakout on the Horizon

EUR/JPY and GBP/JPY have a strong breakout pattern on 4 hour chart , once the bullish train starts moving I'll post a blog , they may attack 123.00 level and 140.00 level..l guess we're gonna find out the next 24 hours..

 

Added by Haitham653 on April 20, 2011 at 9:42am — No Comments

EUR/USD Daily Outlook 20 Apr 2011

The strong bearish correction started last Monday stopped yesterday morning around Fibo 23.6 % correction at 1.4156 , look at the chart carefully , we still in the upward trend , we also have several closes above 50/100/150/200 EMA , RSI trend line broken and moved above 50 line giving us a continuous trend pattern…

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Added by Haitham653 on April 20, 2011 at 7:06am — 1 Comment

EUR/USD Bearish Correction or Change in Direction ?!!

Weekly Chart

From the chart above , ADX shows strong signs of weakness for the uptrend , - DI breached above the 10 line , if the pair closes this weak that way , this is gonna be an alarm for strong bearish move the next few weeks ?!!!

 

Daily…

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Added by Haitham653 on April 19, 2011 at 2:01pm — 3 Comments

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