Category Archives: Technical Analysis

technical analysis

Daily Market Comment – 08 January 2008


Daily Market Comment

EUR-USD
1.4695. Current fall is near an end of wave around 1.4641 – 1.4673 zone, a rally should then procede to above 1.4725 or 1.4747. Fall below 1.4606 would cancel this scenario.
USD-CHF
1.1164. Current rise seems to be over near 1.1178 or 1.1213 for a retracement towards 1.1142 – 1.1118 area.
USD-JPY
109.18. A correction down to 108.56 folowed buy a mouve up to 109.46 or 109.77. A break above 110.35 would accelerate this bullish move.
GBP-USD
1.9699. It should register further gains to 1.9752 while 1.965 caps downside attempts. Stop loss below 1.9601 zone.
EUR-CHF
1.6405. A corrective/consolidation activity between 1.6347 and 1.6482 is likely for a while.
EUR-JPY
160.44. N/A
EUR-GBP
0.7460. It is likely to attempt to below 0.7421 while below 0.7460 – 0.7461 area. Rise above 0.7480 would dampen this bearish expectation.
AUD-USD
0.8728. It should test 0.8751 area after which a sell off down to 0.8691 or extended to 0.8653 area is expected.
USD-CAD
1.0047. While below 1.0095 it is more likely to fall further towards 1.0009 or 0.9985. Premature rise above 1.0095 could see it rising above 1.0142 zone.

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Daily Market Comment – 07 January 2008

Daily Market Comment

EUR-USD
1.4753. It looks more likely that it would rise to 1.482 from 1.4724 or 1.4691. After which a downside move is expected.
USD-CHF
1.1065. Current fall is near an end of wave around 1.1002 – 1.1012 zone, a rally should then procede to above 1.1114 or 1.1145. Fall below 1.0940 would cancel this scenario.
USD-JPY
108.45. Current fall is near an end of wave around 107.66 – 107.85 zone, a rally should then procede to above 109.02 or 109.39. Fall below 106.97 would cancel this scenario.
GBP-USD
1.9717. While below 1.9696 – 1.9747 it might drop to 1.9644 or below 1.9571 zone.
EUR-CHF
1.6327. Support at 1.6327 or 1.6270 should hold the downside for a correction to above 1.6384 zone.
EUR-JPY
160.01. It might hold above 159.89 or around 159.78 for a rise towards above 161.11. Stop loss below 159.35 zone.
EUR-GBP
0.7482. Market looks set for gains towards 0.7508 or above in extension. Dips should find support at 0.7466 – 0.7454 zone.
AUD-USD
0.8703. Market should meet resistance at 0.8746. We expect then an extended move down to 0.8679 -0.8573 area.
USD-CAD
1.0014. It should trade higher to 1.0085 while 0.9964 or 0.9928 offers support. Stop loss below 0.9892 zone.

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Daily Market Comment – 03 January 2008

Daily Market Comment

EUR-USD
1.4751. One move lower to 1.4698 or 1.4646 is anticipated while below 1.4766 – 1.4792 area. Stop loss above 1.4834 zone.
USD-CHF
1.1109. It may meet resistance in 1.1109 – 1.1139 zone for a drift down to 1.1019 zone, after which bounce to 1.1156 is anticipated.
USD-JPY
109.32. It should test higher than 109.97. Entry point are at 108.78 and 108.45. A break of 107.59 is bearish.
GBP-USD
1.9710. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.9666 or 1.9664. Major support is clustered around 1.9586 limit.
EUR-CHF
1.6385. It should register further gains to 1.6450 while 1.6351 caps downside attempts. Stop loss below 1.6316 zone.
EUR-JPY
161.26. Market should hold major support at 158.99 before rising towards 162.04 or even 162.83 limit.
EUR-GBP
0.7483. Currently uptrend should end around 0.7544 – 0.7506 area. A correction down to below 0.7438 is expected. A rise above 0.7529 will abort the expected correction.
AUD-USD
0.8802. There are initial signs of a good corrective recovery towards 0.8825 or even 0.8838. Supports at 0.8795 and 0.8777 zone.
USD-CAD
0.9896. There is bearish potential for a fall to 0.9857 or 0.9819 while 0.9931 – 0.995 resist. After this fall a recovery up to 0.9931 or 0.9950 is expected.

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Daily Market Comment – 28 Desember 2007

Daily Market Comment

EUR-USD
1.4626. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4721 or 1.4748 if support around 1.4578 hold. After which a pullback to 1.4578 – 1.4548 zone is possible.
USD-CHF
1.1391. Market should not go lower than 1.1300. After this move down it should go up to 1.1383 – 1.1430 area.
USD-JPY
113.73. There is bearish potential for a fall to 113.31 or 112.90 while 114.20 – 114.40 resist. After this fall a recovery up to 114.20 or 114.40 is expected.
GBP-USD
1.9960. Uptrend is still intact in a triangle configuration. It should continue to rally to 2.0027 or 2.0058 if support around 1.9917 hold. After which a pullback to 1.9917 – 1.9893 zone is possible.
EUR-CHF
1.6661. It is likely to fall towards 1.6619 unless a corrective rally breaks the 1.6674 resistance. Stop above 1.6684 zone.
EUR-JPY
166.37. One move lower to 165.61 or 164.86 is anticipated while below 166.52 – 166.89 area. Stop loss above 167.42 zone.
EUR-GBP
0.7327. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7342 or 0.7378 if support around 0.7316 hold. After which a pullback to 0.7316 – 0.7303 zone is possible.
AUD-USD
0.8779. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8796 or 0.8842 if support around 0.8761 hold. After which a pullback to 0.8761 – 0.8745 zone is possible.
USD-CAD
0.9800. Downtrend is still intact.It should continue to fall to 0.9793 or 0.9772 if resistance at 0.9813 area doesnt break . Direct rise above 0.9813 could turn the picture bullish for a corrective up move to 0.9827 or even 0.9841 limit .

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Daily Market Comment – 27 Desember 2007


Daily Market Comment

EUR-USD
1.4489. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4527 or 1.4576 if support around 1.4462 hold. After which a pullback to 1.4462 – 1.4440 zone is possible.
USD-CHF
1.1515. Market should meet resistance at 1.1532. We expect then an extended move down to 1.1488 -1.1463 area.
USD-JPY
114.34. It looks set for gains to above 114.51. Supports at 114.13 and 114.22. A break of 114.04 will damage this bullish structure.
GBP-USD
1.9838. Current rise seems to be over near 1.9844 or 1.9869 for a retracement towards 1.9818 – 1.9803 area.
EUR-CHF
1.6682. It should trade lower to 1.6629. Resistances are at 1.6671 and 1.6685. A break of 1.6698 is bullish.confirmed by a close above 1.6714 limit.
EUR-JPY
165.66. Uptrend is still intact in a triangle configuration. It should continue to rally to 165.75 or 166.8 if support around 165.15 hold. After which a pullback to 165.15 – 164.87 zone is possible.
EUR-GBP
0.7304. Currently uptrend should end around 0.7317 – 0.7321 area. A correction down to below 0.7279 is expected. A rise above 0.7339 will abort the expected correction.
AUD-USD
0.8740. It should trade lower to 0.8681. Resistances are at 0.8728 and 0.8743. A break of 0.8757 is bullish.confirmed by a close above 0.8777 limit.
USD-CAD
0.9816. It should register gains to 0.9842. Corrective decline should be supported in 0.9810 – 0.9790 area. Stop Loss below 0.9765 zone.

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Daily Market Comment – 24 Desember 2007


Daily Market Comment

EUR-USD
1.4358. N/A
USD-CHF
1.1566. It looks set for gains to above 1.1603. Supports at 1.1540 and 1.1559. A break of 1.1521 will damage this bullish structure.
USD-JPY
114.19. Market looks set for gains towards 114.61 or above in extension. Dips should find support at 113.78 – 113.57 zone.
GBP-USD
1.9822. It should be subject to more weakness towards 1.9790. After which a correction to above 1.9874 is anticipated. A break of 1.9758 is bearish.
EUR-CHF
1.6605. Any possible decline should be supported around 1.6584 – 1.6564 zone for rally to above 1.6652. A clear break of 1.6564 will damage this expected rally.
EUR-JPY
163.93. It should trade higher to 164.59 while 163.29 or 162.96 offers support. Stop loss below 162.62 zone.
EUR-GBP
0.7243. A correction down to 0.7220 folowed buy a mouve up to 0.7250 or 0.7261. A break above 0.7279 would accelerate this bullish move.
AUD-USD
0.8671. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8713 or 0.8768 if support around 0.8649 hold. After which a pullback to 0.8649 – 0.8625 zone is possible.
USD-CAD
0.9926. Market should not go lower than 0.9883. After this move down it should go up to 0.9919 – 0.9953 area.

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Daily Market Comment – 24 Desember 2007

Daily Market Comment

EUR-USD
1.4358. N/A
USD-CHF
1.1566. It looks set for gains to above 1.1603. Supports at 1.1540 and 1.1559. A break of 1.1521 will damage this bullish structure.
USD-JPY
114.19. Market looks set for gains towards 114.61 or above in extension. Dips should find support at 113.78 – 113.57 zone.
GBP-USD
1.9822. It should be subject to more weakness towards 1.9790. After which a correction to above 1.9874 is anticipated. A break of 1.9758 is bearish.
EUR-CHF
1.6605. Any possible decline should be supported around 1.6584 – 1.6564 zone for rally to above 1.6652. A clear break of 1.6564 will damage this expected rally.
EUR-JPY
163.93. It should trade higher to 164.59 while 163.29 or 162.96 offers support. Stop loss below 162.62 zone.
EUR-GBP
0.7243. A correction down to 0.7220 folowed buy a mouve up to 0.7250 or 0.7261. A break above 0.7279 would accelerate this bullish move.
AUD-USD
0.8671. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8713 or 0.8768 if support around 0.8649 hold. After which a pullback to 0.8649 – 0.8625 zone is possible.
USD-CAD
0.9926. Market should not go lower than 0.9883. After this move down it should go up to 0.9919 – 0.9953 area.

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