Haitham653's Blog – August 2013 Archive (75)

Market Reversal Levels ,Week of 02 Sept 2013

1- Those levels are strong support and resistance levels on short term , the market usually respects those levels strongly.



2- If the market rallies into resistance levels , a sell-off is expected.



3- If the market sells-off into support levels, a rally up is expected.



4-I highly recommend using divergences techniques, to find possible turning point during the week!



5- The recommended time frame , the 1 hour and below.



6- In trending market, to…

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Added by Haitham653 on August 30, 2013 at 5:23pm — 2 Comments

EURUSD - Daily Forecast 30 Aug 2013

The EURUSD maintained a bearish momentum yesterday, topped at the 1.3342 levels and bottomed at the 1.3218 levels, now pressure will be on the 1.3218 levels.



The EURUSD will have to hold below the 1.3218 levels on a daily closing basis to push the market for further downside losses,If seen It will target the 1.3165 levels where a breach will turn focus on the 1.3066 levels, at this point I'd expect a strong support from the 1.3066 levels to contain fall from 1.3451 levels and…

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Added by Haitham653 on August 29, 2013 at 11:30pm — No Comments

EURUSD– Intraday Strategy (29 Aug 2013)

Recommendations: SHORT positions below 1.3325 with 1.3230 & 1.3170 as next targets.

Alternative scenario:The upside breakout of 1.3325 will call for a rebound to 1.3370/415 .

Description: The pair trades below  its resistance 1.3325, stability below  this level will build a  pressure on the 1.3230/165 levels,sustained break below 1.3187/65 levels will pave the way towards the 1.3100/90 levels ; to reverse risks to the upside the…

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Added by Haitham653 on August 29, 2013 at 2:35pm — No Comments

GBPUSD– Intraday Strategy (28 Aug 2013)

Recommendations: SHORT positions below 1.5580 with 1.5480 & 1.5425 as next targets.

Alternative scenario:The upside breakout of 1.5580 will call for a rebound to 1.5635/700.

Description: The pair trades below  its resistance 1.5580, stability below  this level will build a  pressure on the 1.5480/1.5425 levels,to reverse risks to the upside the pair needs to break and hold above the 1.5580 levels on hourly closing basis,If seen…

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Added by Haitham653 on August 28, 2013 at 3:58pm — 1 Comment

EURUSD– Intraday Strategy (27 Aug 2013)

Recommendations: SHORT positions below 1.3412 with 1.3295 & 1.3260 as next targets.

Alternative scenario:The upside breakout of 1.3412 will call for a rebound to 1.3450/485 .

Description: The pair trades below  its resistance 1.3412, stability below  this level will build a  pressure on the 1.3290/60 levels,to reverse risks to the upside the pair needs to break and hold above the 1.3412 levels on hourly closing basis,If seen , It…

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Added by Haitham653 on August 27, 2013 at 11:15am — 5 Comments

Market Reversal Levels ,Week of 26 Aug 2013

1- Those levels are strong support and resistance levels on short term , the market usually respects those levels strongly.

2- If the market rallies into resistance levels , a sell-off is expected.  

3- If the market sells-off into support levels, a rally up is expected.

4-I highly recommend using divergences techniques, to find possible turning point during the week!

5- The recommended time frame , the 1 hour and below.…

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Added by Haitham653 on August 26, 2013 at 11:15am — No Comments

AUDUSD - Weekly Forecast 26-30 Aug 2013

The AUDUSD corrected a little bit last week , printed a new resistance at the 0.9071 levels, stability below this level on a daily closing basis will add strong pressure on the 0.8847 levels, and sudden fall towards / below the 0.8847 levels couldn't be ruled out, a break would open the 0.8746 levels ahead of the 0.8618 levels, further more will aim the 0.8477 levels.



On the upside , break of 0.9071 on a daily closing basis will confirm short term bottoming , If seen , it will flip…

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Added by Haitham653 on August 26, 2013 at 9:16am — No Comments

USDJPY – Weekly Forecast 26-30 Aug 2013

The USDJPY maintained some bullish momentum last week, now pressure will be on the key resistance  98.80. The USDJPY will have to hold above the 98.80 levels on a daily closing basis to resume its last upside offensive, If seen focus will be on the 99.95 levels, a breach  will look for the 100.86/101.52 levels. At this point I'd expect  a strong resistance from 100.56/101.52 levels to contain rise from 95.80 levels and bring reversal to the downside , sustained break of 100.86/101.52 levels…

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Added by Haitham653 on August 26, 2013 at 7:00am — No Comments

GBPUSD – Weekly Forecast 26-30 Aug 2013

The GBPUSD continued its bullish momentum last week, topped at the 1.5716 levels, but the pair loses some of its upside momentum , support is at the 1.5546 levels, a halt is suggested, but losing this level will open the way towards the main support 1.5422 levels, below this level will flip bias back to the downside towards the 1.5204 levels.



On the upside, stability above the 1.5422/546 levels could mean a return to the 1.5716 levels, above 1.5716 will have large bullish…

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Added by Haitham653 on August 25, 2013 at 8:30pm — 3 Comments

EURUSD - Weekly Forecast 26-30 Aug 2013

The EURUSD maintained a bullish momentum last week after topping at the 1.3451 levels, according to the daily chart, the pair loses some of its upside momentum , support comes at the 1.3334 ahead of the  1.3323 levels, losing  both levels on a daily closing basis will confirm short term topping at the 1.3451 levels, If seen , next support is at 1.3265 levels ahead of 1.3205/1.3187 levels,  below 1.3205/187 will open 1.3066/1.3050 levels.



On the upside , a failure to hold below the…

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Added by Haitham653 on August 25, 2013 at 7:57pm — 3 Comments

EURUSD– Intraday Strategy (23 Aug 2013)

Recommendations: LONG positions above 1.3297 with 1.3370 & 1.3410 as next targets.

Alternative scenario:The downside breakout of 1.3297 will call for a slide to 1.3260/220 .

Description: The pair trades above its support 1.3297, stability above this level will build a  pressure on the 1.3372 levels,break of the 1.3372 levels on hourly closing basis will turn focus on the 1.3412 levels, above 1.3412 will target the 1.3451 levels…

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Added by Haitham653 on August 23, 2013 at 6:47am — 9 Comments

USDJPY - Daily Forecast 23 Aug 2013

The USDJPY maintained a  bullish momentum yesterday, bottomed at the 97.58 levels, topped at the 98.80 levels, now focus will be on the 98.80 levels.



The USDJPY will have to hold above the  98.80 levels on a daily closing basis to push the market  for further upside gains, If seen It will target the 99.95 levels where a breach will turn focus on the 100.86/101.52 levels, at this point I'd expect a strong resistance from the 100.86/101.52 levels to contain rise from 95.80 levels and…

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Added by Haitham653 on August 23, 2013 at 2:17am — No Comments

AUDUSD under pressure - Resistance is at 0.9071 !

The AUDUSD continued its bearish momentum the past few days, declined as suggested towards the 0.8933 levels, and printed a new resistance at the 0.9071 levels, now focus will be on the key resistance 0.9071, with this level intact, further decline couldn't be ruled out, and pressure is likely to be built on the 0.8847 levels, a break would open the 0.8746 levels ahead of the 0.8618 levels, further more will aim the 0.8477 levels.



On the upside , resistance is 0.9071, a break on a…

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Added by Haitham653 on August 22, 2013 at 7:10am — 1 Comment

EURUSD - Daily Forecast 22 Aug 2013

The EURUSD maintained a bearish momentum yesterday , topped at the 1.3426, and bottomed at the 1.3334 levels, now pressure will be on the key support 1.3334.



The EURUSD will have to hold below the 1.3334 levels on a daily closing basis to push the market for further downside losses, If seen It will target the 1.3205 levels, a halt is strongly suggested , but losing the 1.3205 levels will have large bearish implication towards the 1.3135 ahead of the 1.3055, further more will aim the…

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Added by Haitham653 on August 21, 2013 at 10:14pm — 8 Comments

EURUSD - Daily Forecast 21 Aug 2013

The EURUSD continued to maintain its bullish momentum yesterday , bottomed at the 1.3323 levels, and topped at the 1.3451 levels, now pressure will be on the key resistance 1.3451 levels.



The EURUSD will have to hold above the 1.3451 levels on a daily closing basis to push the market for further upside gains , If seen , 1.3451 would serve as strong support, and 1.3451 is likely to build strong pressure on the 1.520 levels , sudden rise  above 1.3451 is likely towards the 1.3620/820…

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Added by Haitham653 on August 21, 2013 at 7:16am — No Comments

EURUSD– Intraday Strategy (21 Aug 2013)

Recommendations: LONG positions above 1.3363 with 1.3450 & 1.3500 as next targets.

Alternative scenario:The downside breakout of 1.3363 will call for a slide to 1.3295/230 .

Description: The pair trades above its support 1.3363, stability above this level will build a pressure on the 1.3485/520 levels,above 1.3520 will aim the 1.3580/1.3620 levels, losing 1.3363 on hourly closing basis would delay the bullish for retesting…

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Added by Haitham653 on August 21, 2013 at 6:00am — 14 Comments

The EURUSD needs to clear 1.3520 to attack 1.3620/820 levels !

The EURUSD continues  its bullish momentum today , prints a new support at 1.3323 levels, this development is likely to open the way towards the 1.3485/1.3520 levels, a halt is strongly suggested , If seen , It could mean a return to the 1.3323 levels before the next possible rise, the next support comes at the 1.3205 levels.



On the upside , break of 1.3520 on a daily closing basis will pave the way towards the 1.3620/1.3820 levels, in other words, If 1.3520 is taken out, 1.3710…

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Added by Haitham653 on August 20, 2013 at 2:00pm — 2 Comments

AUDUSD - Daily Forecast 20 Aug 2013

The AUDUSD maintained a bearish momentum yesterday, topped at the 0.9232 levels, and bottomed at the 0.9101 levels, now pressure will be on the key support 0.9101.



The AUDUSD will have to hold below the 0.9101 levels on a daily closing basis to push the market for further downside losses If seen ,It would build a strong pressure on the 0.9056 levels or even break below this level, losing 0.9056 levels would open 0.8933 levels , a break would target the 0.8847 levels.…



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Added by Haitham653 on August 20, 2013 at 4:00am — 8 Comments

EURUSD - Hidden bullish divergence opens 1.3620 ahead of 1.3820 levels!

As shown on the daily chart below , the pair has formed a strong bullish pattern , according to daily %R - Williams , It has formed a hidden bullish divergence, this is a trend continuation pattern ,  there's a risk to spike to the upside towards 1.3620 levels in 1 or 2 days.



Support comes at the 1.3187/1.3205, losing both levels, would reverse risks to the downside , If seen , It would extend weakness towards  the 1.3060/1.3000 levels.



On the upside, neckline comes at…

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Added by Haitham653 on August 19, 2013 at 2:30pm — 5 Comments

Intraday Updates 19 Aug 2013

EURUSD : the EURUSD maintained a bearish momentum on the 4 hour chart, topped at the 1.3362 levels, bottomed at the 1.3314 levels, now pressure will be on the key support 1.3314 levels.



The EURUSD will have to hold below the 1.3314 levels on a 4 hour closing basis to push the market for further downside losses , If seen,It will target the 1.3260 levels, a halt is strongly suggested , but losing this level will turn focus on the 1.3187 levels, losing this level will…

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Added by Haitham653 on August 19, 2013 at 7:15am — 1 Comment

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