GIGFX Technical Analysis For Majors (Updated Daily)

[GIGFX]

Wednesday 1st of June 2011 GIGFX Technical Analysis Report

EUR/USD

As was expected the EUR/USD pair rose previously to approach the expected resistance level at 50% correction level for the bearish move from 1.4939 to 1.3969, forming a rising bottom at the level 1.4359, which lead the expectations for two possibilities; the first id to rise passing the resistance level 50%, which will push the pair to target 1.4520 resistance, and the second is to hold below 50% correction to break 38.2% level, which will bring more falling for the pair to retest the support level 1.4265.

Res: 1.4453 1.4511 1.4598
Pivot: 1.4366
Sup: 1.4308 1.4221 1.4163

[/url]


[B]GBP/ USD[/B]

The sterling declined again against the U.S. dollar during yesterday trades as the pair failed to break up the level 1.6545 to form a top that pushed the pair downside breaking the bottom border of the bullish channel as well as the support level 1.6450, breaking these levels gives a strong sign of a probability of beginning a corrective bearish move for the bullish move that started at the level 1.6058. with breaking the support level 1.6430 confirms the formation of this corrective move then the pair will continue declining targeting the level 1.6302 which represents the target of breaking out of the bullish channel as well as 50.0% of Fibonacci's correction level for the bullish move (from 1.6058 to 1.6454) and in order to reach this level the pair should break the support level 1.6359 first.

The stability of these expectations requires the stability of the resistance level 1.6508.

Res: 1.6521 1.6595 1.6644
Pivot: 1.6472
Sup: 1.6398 1.6349 1.6275
[IMG][img]http://img105.herosh.com/2011/06/01/486629584.png[/url]


[B]USD/CHF[/B]

During yesterday CHF/USD pair trades saw a sideway movement inside the sideway channel whereas the pair was not able to break the resistance level 0.8467 which represents the channel's top border but the pair ability on breaking the resistance level 0.8541 which represents the channel's top border gives the pair the chance to determine the bullish direction for it targeting by that the resistance level 0.8627 which represents 38.2% Fibonacci retracement correction level for the bearish direction and the stability above this level which gives the pair the chance to target the resistance level 0.8679 which represents 50.0% from the same previous mentioned Fibonacci retracement correction levels then the resistance level 0.8727 which represents 61.8%

Res: 0.8567 0.8596 0.8647
Pivot: 0.8516
Sup: 0.8487 0.8436 0.8407
[IMG][img]http://img105.herosh.com/2011/06/01/739041483.png[/url]


[B]USD/CAD[/B]

After the pair has broken the bottom border of the bullish wedge pattern by breaking the support level 0.9765, it reached the first target that was mentioned through yesterday analysis at the level 0.9671, so it is expected to continue declining during the intraday trades targeting the support level 0.9588.

The stability of these expectations requires the stability of the resistance level 0.9671.

Res: 0.9750 0.9817 0.9865
Pivot: 0.9702
Sup: 0.9635 0.9587 0.9520
[IMG][img]http://img103.herosh.com/2011/06/01/836603512.png[/url]


[B]AUD/USD[/B]

It is still expected that the pair will continue rising during the near-term trades and intraday levels as the pair formed a bearish wedge pattern (reversal pattern) for the medium-term, the pair succeeded to exit out of its area targeting the resistance level 1.0830, the pair reflected yesterday after facing the resistance level 1.0750 and it's retesting the same level now which means that the bullish move will be continued during the intraday trades targeting the resistance level 1.0830 but to confirmthis, closing a good close above the level 1.0750 is needed.

This scenario depends on the stability of the support level 1.0605.

Res: 1.0736 1.0802 1.0849
Pivot: 1.0689
Sup: 1.0623 1.0576 1.0510
[ATTACH]1226.vB[/ATTACH]

 

[GIGFX]

Thursday 2nd of June 2011 GIGFX Technical Analysis Report

EUR/USD

As was expected the EUR/USD pair rose previously to approach the expected resistance level at 50% correction level for the bearish move from 1.4939 to 1.3969, to fall from this level reaching 38.2% level, forming the wave (1.2.3) that suppose to target 1.4415 resistance by passing 50% level, but if the pair was able to trade below 38.2% level, it will fall targeting 1.4198 level that represents 23.6% correction level.

Res: 1.4417 1.4506 1.4554
Pivot: 1.4369
Sup: 1.4280 1.4232 1.4143

[/url]


[B]GBP/ USD[/B]

As it was expected through yesterday analysis, sterling declined against the U.S. dollar reaching the lowest price during yesterday dealings at 1.6330 and achieved another lower price during the trades of the Asian session at 1.6315 around the level 1.6302 which represents the target of breaking out of the bullish channel at the same time this level represents 50.0% of Fibonacci's correction level for the bullish move (from 1.6058 to 1.6545), after reaching this level it is expected that the pair may try to break it downside and if it was able to do so it will continue declining targeting the next support level at 1.6244.

The stability of these expectations requires the stability of the resistance level 1.6430.

Res: 1.6441 1.6549 1.6605
Pivot: 1.6385
Sup: 1.6277 1.6221 1.6113
[IMG][img]http://img104.herosh.com/2011/06/02/874762756.png[/url]


[B]USD/CHF[/B]

The USD/CHF pair had formed yesterday a complement reflective pattern which is the flag pattern so a further drop is expected till the pair targets the support level 0.8402 which represents the flag's lower border and the stability below it which gives the pair the chance to continue declining at 0.8371 then the level 0.8302.

This scenario depends on the stability of the support level 0.8402.


Res: 0.8514 0.8609 0.8675
Pivot: 0.8448
Sup: 0.8353 0.8287 0.8192
[IMG][img]http://img104.herosh.com/2011/06/02/76165768.png[/url]


[B]USD/CAD[/B]

Yesterday trades saw a great rise for the medium-term till it reached the top border for the confined area which is between the resistance level 0.9795 which represents the top border for the confined area and the support level 0.9654 which represents the lower border for the channel, the pair rose yesterday till it reached the level 0.9795 which represents the top border for the confined area so it's expected that the pair will reflect down again till it retests the support level 0.9654 which represents the lower border for the confined area but breaking the pair the resistance level 0.9795 and the stability above it gives the chance for the pair to reach the resistance level 0.9870 and the stability above this level which also gives the pair the chance to reach the level 0.9938.


Res: 0.9805 0.9841 0.9911
Pivot: 0.9735
Sup: 0.9699 0.9629 0.9593
[IMG][img]http://img104.herosh.com/2011/06/02/51743694.png[/url]


[B]AUD/USD[/B]

The AUD/USD pair had failed on breaking the resistance level 1.0750 which the pair tried to retest it again forming a reflective pattern for the bullish direction on the intraday levels which is the double consecutive tops pattern which lead the pair to decline breaking the level 1.0680 during yesterday's trades reaching the first price targets for this formed pattern at the support level 1.0590 which is still stabile till this moment expecting for it a further drop targeting the support level 1.0535.

This scenario depends on the stability of the resistance level 1.0680.

Res: 1.0707 1.0804 1.0857
Pivot: 1.0654
Sup: 1.0557 1.0504 1.0407

 

[GIGFX]

Friday 3rd of June 2011 GIGFX Technical Analysis Report

EUR/USD

As was expected the EUR/USD pair rose previously to achieve the expected target for the (1.2.3) wave at the level 1.4515, where the pair was able to trade above 50% correction level for the bearish move from 1.4939 to 1.3969, as if this level held it will push the pair for further rising targeting 61.8% correction level around 1.4568 price, but if the pair traded below this level it will fall in order to retest 38.2% correction around 1.4340 price.

Res: 1.4565 1.4640 1.4769
Pivot: 1.4436
Sup: 1.4361 1.4232 1.4157

[/url]

[B]GBP/ USD[/B]

The pair achieved the target of breaking out the mid-term bullish channel reaching the level 1.6302 which represents 50.0% of Fibonacci's correction level for the bullish move (From 1.6058 to 1.6545), the pair formed a corrective bearish direction formed through moving inside a bearish channel, in order to rise the pair again it supposed to break the top border of the channel with breaking the resistance level 1.6380 then it will continue rising targeting the level 1.6430 followed by the level 1.6495, but if the pair is tending to continue declining correctly it should break the support level 1.6302 then it will decline targeting the level 1.6244 which represents 61.8% of Fibonacci's correction level for the same bullish move.

Res: 1.6423 1.6475 1.6534
Pivot: 1.6364
Sup: 1.6312 1.6253 1.6201
[IMG][img]http://img104.herosh.com/2011/06/03/817777452.png[/url]


[B]USD/CHF[/B]

The bearish direction is still dominant on the USD/CHF pair during the medium and short-term trades and also for the intraday levels; the pair is forming now a complement flag pattern for the bearish direction whereas it's moving in a narrow range trades since yesterday expecting for it a further drop during the intraday trades targeting the support level 0.8370 then the level 0.8320.

This scenario depends on the stability of the resistance level 0.8470.

Res: 0.8450 0.8476 0.8500
Pivot: 0.8426
Sup: 0.8400 0.8376 0.8350
[IMG][img]http://img101.herosh.com/2011/06/03/889022375.png[/url]


[B]USD/CAD[/B]

As observed in the chart that the USD/CAD pair is still moving inside the bullish channel for the long-term trades, as it's moving inside the channel for the medium-term trades, this bullish channel is inside a bigger channel, these price channels describes the formed bullish direction force for the medium and long-terms, it's also expected that the pair is still unable to break the resistance level 0.9815, breaking this level is important to reach to reach the top border for the medium-term formed channel coinciding with the level 0.9858 which represents 127% Fibonacci retracement continuous level for the bearish direction (from 0.9815 to 0.9655), if the pair is able to break the medium-term channel's top border that means a further rise, reaching these resistance levels top borders for the long-term bullish channel.

This scenario depends on the stability of the support level 0.9690.

Res: 0.9796 0.9834 0.9861
Pivot: 0.9769
Sup: 0.9731 0.9704 0.9666
[IMG][img]http://img105.herosh.com/2011/06/03/356517302.png[/url]


[B]AUD/USD[/B]

The USD/AUD was able during yesterday trades to achieve some gains against the U.S dollar, the pair had reflected after testing the support level 1.0590 forming AB=CD harmonic pattern and it's should be noted that the support level 1.0590 which represents 50% Fibonacci retracement correction level for the AB wave so it's expected that during the intraday trades the pair will achieve a further gains towards up to retest the resistance level 1.0755 and in case of breaking this level with a good close above it the pair will immediately target the resistance level 1.0900 which represents the end of the formed harmonic pattern.

This scenario depends on the stability of the support level 1.0590.

Res: 1.0708 1.0748 1.0809
Pivot: 1.0647
Sup: 1.0607 1.0546 1.0506
[ATTACH]1233.vB[/ATTACH]

 

[GIGFX]

Monday 6th of June 2011 GIGFX Technical Analysis Report

EUR/USD

As was expected the EUR/USD pair rose previously to pass 61.8% correction level for the bearish move from 1.4939 to 1.3969 , this bullish move came after the pair was able to stable above 50% level, which makes the next target for the pair is the level 76.4% around 1.4710 price, and that depends on the stability of 61.8% correction level, as if the pair was able to trade under this level it will fall retesting 50% correction level around 1.4455 price.

Res: 1.4700 1.4766 1.4890
Pivot: 1.4576
Sup: 1.4510 1.4386 1.4320

[/url]


[B]GBP/ USD[/B]

The trades at the end of the last week saw failing the pair to break the support level 1.6302 giving a strong sign of return to rise again as it already rose supported by the negative U.S data of the American job sector, the pair was able to break the top border of the bearish channel achieving a daily close above this level so it is expected to continue rising targeting the level 1.6495 which represents the target of breaking out of the bearish channel, breaking this level represents also rising the pair targeting the level 1.6545.

The stability of these expectations requires the stability of the support level 1.6380.

Res: 1.6478 1.6533 1.6629
Pivot: 1.6382
Sup: 1.6327 1.6231 1.6176
[IMG][img]http://img104.herosh.com/2011/06/06/352043717.png[/url]


[B]USD/CHF[/B]

The bearish direction is still dominating the trades of the pair for near and mid-term as the pair formed AB=CD harmonic pattern for near and mid-term and now the pair is in the forming stage of the last wave CD so it is expected that the pair will target the support level 0.8064 which represents the point D.

The stability of these expectations requires the stability of the resistance level 0.8544 which represents the point D.

Res: 0.8412 0.8487 0.8528
Pivot: 0.8371
Sup: 0.8296 0.8255 0.8180
[IMG][img]http://img102.herosh.com/2011/06/06/25399156.png[/url]


[B]USD/CAD[/B]

As observed in the chart that the pair got out of the sideway channel which had formed between the support level 0.9645 and the resistance level 0.9799 then it returned for it again but as what observed that with the beginning of the Asian trades, the pair is trying to get out of it so it's expected during the intraday trades that the pair will get out of this channel then targeting the resistance level 0.9870 as the first target and the stability above this level gives the pair the chance to target the resistance level 0.9938 as a second target.

This scenario depends on closing the pair a good close above the resistance level 0.9799 which represents the channel's top border.


Res: 0.9831 0.9894 0.9938
Pivot: 0.9787
Sup: 0.9724 0.968 0.9617
[IMG][img]http://img105.herosh.com/2011/06/06/314382585.png[/url]


[B]AUD/USD[/B]

The pair is trading below the resistance level 1.0755 that was tested at the end of the last week trades and at the beginning of this week trades affected by the formed pattern AB=CD that was mentioned through the last analysis and it is expected for the pair to continue rising trying to reach the resistance level 1.0900 which represents the end of the harmonic pattern at the end of the wave CD but under the condition of breaking the resistance level 1.0755 with stability above it.

Res: 1.0798 1.0874 1.0976
Pivot: 1.0696
Sup: 1.0620 1.0518 1.0442
[ATTACH]1237.vB[/ATTACH]

 

[GIGFX]

Tuesday 7th of June 2011 GIGFX Technical Analysis Report

EUR/USD

As was expected the EUR/USD pair rose previously to pass 61.8% correction level for the bearish move from 1.4939 to 1.3969 to fall retesting this level without trading below it , to have a bullish move forming the wave (1.2.3) that suppose to target 1.7460 resistance, but the pair must pass the previous top at 1.4675 and 76.4% around 1.4710 price, which depends on the stability of 61.8% correction level, as if the pair was able to trade under this level it will fall retesting 50% correction level around 1.4455 price.

Res: 1.4635 1.4695 1.4734
Pivot: 1.4596
Sup: 1.4536 1.4497 1.4437

[/url]


[B]GBP/ USD[/B]

The GBP declined against the USD during yesterday's trades, this bearish move pushed the pair to retest the bullish trend line, a new bottom has formed on the trend line borders which raised the pair again, and a further rise is expected during the next trades to reach this targeted price and get out of this bearish channel at the level 1.6495.

This scenario depends on the stability of the support level 1.6302.

Res: 1.6430 1.6504 1.6549
Pivot: 1.6385
Sup: 1.6311 1.6266 1.6192
[IMG][img]http://img104.herosh.com/2011/06/07/791254420.png[/url]


[B]USD/CHF[/B]

The bearish direction is still dominating the trades of the pair for near and mid-term as the pair formed AB=CD harmonic pattern for near and mid-term and now the pair is in the forming stage of the last wave CD so it is expected that the pair will target the support level 0.8064 which represents the point D.
The stability of these expectations requires the stability of the resistance level 0.8544 which represents the point D.

Yesterday analysis is still remaining

Res: 0.8379 0.8412 0.8438
Pivot: 0.8353
Sup: 0.832 0.8261 0.818
[IMG][img]http://img103.herosh.com/2011/06/07/871378472.png[/url]


[B]USD/CAD[/B]

As observed in the chart that the pair is trading inside the bullish channel but the pair was unable to be stabile above the resistance level 0.9792 so it's expected that the pair will continue declining targeting the support level 0.9753 which represents 23.6% Fibonacci retracement correction level for the bullish direction and the stability below this level which gives the pair the chance to continue declining targeting the support level 0.9696 which coincides at it the channel's lower border with 23.6% from the same previous mentioned Fibonacci retracement levels.

This scenario depends on the stability of the resistance level 0.9792.

Res: 0.9803 0.9800 0.9819
Pivot: 0.9784
Sup: 0.9787 0.9768 0.9771
[IMG][img]http://img101.herosh.com/2011/06/07/735499896.png[/url]


[B]AUD/USD[/B]

The pair is trading for the short-term inside the bullish channel with drawing the Fibonacci retracement correction levels for the last bearish wave for the medium-term, it's observed that the pair is unable to continue trading above 50% from this Fibonacci retracement correction levels and also coincides with the lower border for this channel which the pair is moving now inside it, expecting that this level will be stabile during the intraday trades, rising the price up targeting the resistance level 1.0793 which represents 61.8% from the same previous mentioned Fibonacci retracement correction levels; that depends on breaking the resistance level 1.0725 which represents 50% from the same previous mentioned levels.

Res: 1.0753 1.0797 1.0828
Pivot: 1.0722
Sup: 1.0678 1.0647 1.0603
[ATTACH]1241.vB[/ATTACH]

 

[GIGFX]

Wednesday 8th of June 2011 GIGFX Technical Analysis Report

EUR/USD

Observing the EUR/USD pair, the last bullish move formed a bullish wave that suppose to target 1.4760 resistance level, which was mentioned through the previous report, achieving that target requires the breaking of 76.4% correction level for the last bearish move from 1.4940 to 1.3970 around 1.4711 price, but in case 76.4% level held as a resistance; it will push the pair down to retest 61.8% support around 1.4570 price.

Res: 1.4736 1.4782 1.4868
Pivot: 1.4650
Sup: 1.4604 1.4518 1.4472

[/url]


[B]GBP/ USD[/B]

As it was expected through the last analysis, sterling rose again against the U.S. dollar after forming a new bullish bottom at the level 1.6325 coinciding with the bullish trendline for mid-term, the remaining bullish target for the pair is the level 1.6495 which represents the target of breaking out the bearish channel, with breaking the level 1.6495 it is expected that the pair will continue rising targeting to re-test the resistance level 1.6545.

The stability of these expectations requires the stability of the support level 1.6360.

Res: 1.6502 1.6558 1.6648
Pivot: 1.6412
Sup: 1.6356 1.6266 1.6210
[IMG][img]http://img104.herosh.com/2011/06/08/467312435.png[/url]


[B]USD/CHF[/B]

The bearish direction is still dominating the trades of the pair for near and mid-term as the pair
formed AB=CD harmonic pattern for near and mid-term and now the pair is in the forming stage of
the last wave CD so it is expected that the pair will target the support level 0.8064 which represents
the point D.

The stability of these expectations requires the stability of the resistance level 0.8544 which
represents the point D.

Yesterday analysis is still remaining

Res: 0.8392 0.8423 0.8456
Pivot: 0.8359
Sup: 0.8328 0.8295 0.8264
[IMG][img]http://img104.herosh.com/2011/06/08/133212080.png[/url]


[B]USD/CAD[/B]

As it was expected through yesterday analysis, the pair declined breaking the resistance level 0.9810 then it succeeded to target the support level 0.9729 and this is the nearest point of the bottom border of the bullish channel so it is expected that the pair will shift its direction to rise upside targeting the resistance level 0.9810 and if the pair succeeded to be stable above this level it will continue rising targeting the resistance level 0.9915 which represents the top border of the channel with the probability of re-testing the support level 0.9729.

The stability of these expectations requires the stability of the support level 0.9729.

Res: 0.9791 0.9839 0.987
Pivot: 0.976
Sup: 0.9712 0.9681 0.9633
[IMG][img]http://img104.herosh.com/2011/06/08/10490460.png[/url]


[B]AUD/USD[/B]

The pair is trading for the short-term inside the bullish channel with drawing the Fibonacci retracement
correction levels for the last bearish wave for the medium-term, it's observed that the pair is unable to
continue trading above 50% from this Fibonacci retracement correction levels and also coincides with the
lower border for this channel which the pair is moving now inside it, expecting that this level will be stabile
during the intraday trades, rising the price up targeting the resistance level 1.0793 which represents 61.8%
from the same previous mentioned Fibonacci retracement correction levels; that depends on breaking the
resistance level 1.0725 which represents 50% from the same previous mentioned levels.

This scenario depends on the stability of the support level 1.0660.

Yesterday analysis is still remaining

Res: 1.0754 1.0790 1.0832
Pivot: 1.0712
Sup: 1.0676 1.0634 1.0598
[ATTACH]1245.vB[/ATTACH]

 

[GIGFX]

Thursday 10th of June 2011 GIGFX Technical Analysis Report

EUR/USD



Observing the EUR/USD pair, the last bullish move was supported by a bullish trend line for the last medium and long trades which the pair was able to retest it during the previous short period, if the pair tends to continue rising it must pass 76.4% correction level for the last bearish move from 1.4940 to 1.3970 around 1.4711 price, which will push up the pair to target 1.4825 resistance , but in case 76.4% level held as a resistance; it will push the pair down to retest 61.8% support around 1.4570 price, and if the pair was able to trade below this level it will target 1.4455 level coinciding with 50% correction level.


Res: 1.4664 1.4745 1.4795
Pivot: 1.4614
Sup: 1.4533 1.4483 1.4402

[/url]











[B]GBP/ USD[/B]
Yesterday trades saw forming a new bullish bottom at the level 1.6350 using touching the mid-term bullish trendline, the pair is forming a mid-term bullish move and also is forming a bullish channel, it is expected during the upcoming trades that the pair will try to test the resistance level 1.6460 and if it was able to do so, it may rise targeting the level 1.6545. the stability of these expectations requires the stability of the bottom border of the bullish channel and also the stability of the level 1.6380.



Res: 1.6452 1.6502 1.6554
Pivot 1.6400
Sup: 1.6350 1.6298 1.6248


[IMG][img]http://img103.herosh.com/2011/06/09/703695142.png[/url]








[B]USD/CHF[/B]

During the trades of the last days, the pair formed a mid0term sideway channel between the support level 0.8328 which represents the bottom border of the channel and the resistance level 0.8392, yesterday trades were in a very narrow range so if the pair broke the resistance level 0.8392 with stability above it, the pair will target the resistance level 0.8467 and in the case that the pair broke the support level 0.8328 it will target the support level 0.8248.


Res: 0.8378 0.8396 0.8412
Pivot 0.8362
Sup: 0.8344 0.8328 0.831




[IMG][img]http://img104.herosh.com/2011/06/09/255314788.png[/url]









[B]USD/CAD[/B]

As it is noticed through this chart, the pair did not succeed to break the resistance level 0.9810 and now the pair is trying to break it and if the pair succeeded to do so with stability above it, it will target the resistance level 0.9915 which represents the top border of the channel and if the pair did not succeed to do so it will re-test the support level 0.9729 which represents the bottom border of the channel.


Res: 0.9827 0.9863 0.9908
Pivot: 0.9782
Sup: 0.9746 0.9701 0.9665


[IMG][img]http://img102.herosh.com/2011/06/09/505857629.png[/url]








[B]AUD/USD[/B]

The support level 1.0660 which represents 38.2% of Fibonacci's correction level for the last long-term bearish wave did not succeed to remain stable as it was expected through yesterday analysis meanwhile, the pair succeeded to break this level and re-testing it as a resistance level before declining reaching the support level 1.0575 which represents 23.4% of the same mentioned Fibonacci's correction level expecting more declining affected by the trades of yesterday but under the condition of breaking the support level 1.0575 with stability below it to target then the support level 1.0505.
The stability of these expectations requires the stability of the resistance level 1.0660.




Res: 1.0703 1.0783 1.0841
Pivot: 1.0645
Sup: 1.0565 1.0507 1.0427
[ATTACH]1248.vB[/ATTACH]

 

[GIGFX]

Friday 9th of June 2011 GIGFX Technical Analysis Report

EUR/USD

Observing the EUR/USD pair, the last bullish move stopped pushing the pair to fall breakingthe bullish trend line for the last medium and long trades after the pair was able to form the head and shoulder pattern during yesterday trades, to reflect the bullish movement breaking the pattern neck line targeting 1.4420 level as the pattern target coinciding with 38.2% correction level for the bullish move from 1.3969 to 1.4696 with a chance that the pair may retest 23.6% correction level, but in case the pair was able to pass 23.6% level it will continue rising in order to retest the nearest resistance as 1.4650 level.

Res: 1.4614 1.4718 1.4786
Pivot: 1.4546
Sup: 1.4442 1.4374 1.4270

[/url]


[B]GBP/ USD[/B]

The pair declined yesterday after facing it by the resistance level 1.6450 for the third consecutive time and it should be noted that this level represents 23.6% Fibonacci retracement correction level for the last bullish wave for the medium-term and declining the pair declined then it broke the support level 1.6360 which represents 38.2% from the same previous mentioned Fibonacci retracement levels and also breaking the support level 1.6300 and if it close below it till this moment so a further drop is expected during the intraday trades targeting the support level 1.6245 which coincides with 61.8% from the same previous mentioned Fibonacci retracement levels then the support level 1.6175.

This scenario depends on the stability of the resistance level 1.6360.

Res: 1.6433 1.6502 1.6540
Pivot: 1.6395
Sup: 1.6326 1.6288 1.6219
[IMG][img]http://img102.herosh.com/2011/06/10/238852133.png[/url]


[B]USD/CHF[/B]

As it was expected through yesterday analysis, the pair continued rising breaking the out of the sideway channel at the resistance level 0.8392 targeting the resistance level 0.8467 and if the pair succeeded to break this level it will target the resistance level 0.8541 which represents 38.2% of Fibonacci's correction level for the bearish direction.

The stability of these expectations requires the stability of the pair above the resistance level 0.8392.

Res: 0.8454 0.8495 0.8545
Pivot: 0.8404
Sup: 0.8363 0.8313 0.8272
[IMG][img]http://img103.herosh.com/2011/06/10/4014507.png[/url]


[B]USD/CAD[/B]

As observed in the chart that the pair was unable to break the resistance level 0.9810 for the second consecutive day whereas the pair retested the support level 0.9727 during yesterday's trading end which represents the channel's lower border, if the pair is unable to break this level so it's expected that the pair will retest the resistance level 0.9810 during the intraday next trades if the pair is able to break this level and the stability above it therefore the pair will target the resistance level 0.9949 which represents the channel's top border but the pair's inability to break this level, so the pair will retest the support level 0.9727 which represents the channel's lower border.

This scenario depends on the stability of the support level 0.9727.


Res: 0.9785 0.9842 0.9874
Pivot: 0.9753
Sup: 0.9696 0.9664 0.9607
[IMG][img]http://img103.herosh.com/2011/06/10/533774684.png[/url]


[B]AUD/USD[/B]

The pair is moving from yesterday by a sideway direction between the resistance level 1.0653 and the support level 1.0563 forming a harmonic AB=CD pattern which will be confirmed by breaking the support level 1.0563 which represents the formed pattern B point, if the pair is able to break this level during the intraday levels it will test the support level 1.0445 which ends the pattern by ending the CD wave.

This scenario depends on the stability of the resistance level 1.0653.

Res: 1.0669 1.0714 1.0768
Pivot: 1.0615
Sup: 1.0570 1.0516 1.0471
[ATTACH]1251.vB[/ATTACH]

 

[GIGFX]

Monday 13th of June 2011 GIGFX Technical Analysis Report

EUR/USD

As was expected for the EUR/USD pair, the pair fell previously to pass the expected target for the head and shoulders pattern at 1.4420 level that coincided 38.2% correction level for the bullish move from 1.3969 to 1.4696 to reach 50% level with the past week close around 1.4332, as if the pair tends to continue falling; it must pass 50% level to target then 61.8% level around 1.4246 price, but if the pair traded above 32.8% level, it will be pushed to retest 23.6% level around 1.4524 price.

Res: 1.4492 1.4634 1.4719
Pivot: 1.4407
Sup: 1.4265 1.4180 1.4038

[/url]


[B]GBP/ USD[/B]

As it was expected through the last analysis, sterling declined against the U.S dollar as it is rising against a basket of all its counterparts, it was expected to decline reaching the level 1.6244 which represents 61.8% of Fibonacci's correction level for the bullish move (from 1.6058 to 1.6546) and this is what happened indeed as the pair registered the lowest price of these trades at the level 1.6215, in order to continue declining during the upcoming trades and to reach the next support level 1.6173; the pair should break the level 1.6215 and if the pair failed to break it, it means rising the pair again to re-test the nearest resistance level such as the level 1.6302.

Res: 1.6331 1.6439 1.6496
Pivot: 1.6274
Sup: 1.6166 1.6109 1.6001
[IMG][img]http://img103.herosh.com/2011/06/13/931147775.png[/url]


[B]USD/CHF[/B]

The pair failed during the last week trades end on breaking the resistance level 0.8467 which represents the pair's first target, so it's expected that the pair may be able to break this level during the intraday trades targeting by that the resistance level 0.8541 which represents 38.2% Fibonacci retracement correction level for the bearish direction.

But the pair's inability on breaking the resistance level 0.8467 gives the pair the chance to test the support level 0.8392.


Res: 0.8446 0.8459 0.8485
Pivot: 0.8420
Sup: 0.8407 0.8381 0.8368
[IMG][img]http://img105.herosh.com/2011/06/13/855991885.png[/url]


[B]USD/CAD[/B]

At the end of the last week, the pair failed to close below the bottom border of the bullish channel at the support level 0.9764 so the pair is re-testing it again at the beginning of today's trades targeting the resistance level 0.9810.
But if the pair succeeded to break the support level which represents the bottom border of the channel, it will target the support level 0.9645 and if it was able to be stable below this level, it will continue declining targeting the support level 0.9539.

Res: 0.982 0.985 0.9905
Pivot: 0.9765
Sup: 0.9735 0.968 0.965
[IMG][img]http://img105.herosh.com/2011/06/13/834438243.png[/url]


[B]AUD/USD[/B]

As expected during the previous week end trades, the pair had already declined affected by that the AB=CD harmonic pattern which was formed through the price action during the short-term trades. This declining lead breaking the support level 1.0563 which represents the last AB wave, so it's expected that during the intraday trades a further drop for the pair targeting the support level 1.0445 which represents the end of the CD wave and the end of the formed harmonic pattern.

This scenario depends on the stability of the resistance level 1.0610.

Res: 1.0614 1.0695 1.0740
Pivot: 1.0569
Sup: 1.0488 1.0443 1.0362
[ATTACH]1255.vB[/ATTACH]

 

[GIGFX]

Tuesday 14th of June 2011 GIGFX Technical Analysis Report

EUR/USD

After the EUR/USD pair fell previously to reach 50% correction level for the bullish move from 1.3969 to 1.4696 the pair rose facing 38.2% level during the current trades around 1.4420 price, as the (RSI) indicator viewed oversold signal, which supports the pair rising to target 23.6% level around 1.4524 price, which requires the price stability above 38.2% level, as if the pair traded below this level it will fall again to target 50% level around 1.4332 price in order to retest it.

Res: 1.4455 1.4496 1.4563
Pivot: 1.4388
Sup: 1.4347 1.4280 1.4239

[/url]


[B]GBP/ USD[/B]

As was expected in yesterday's report, the pair retested the resistance level 1.6302 whereas yesterday trades saw the GBP/USD pair rising up which was stable on the formed bottom at the level 1.6215 till it tested the level 1.6302 which didn’t hold against the strong British currency buying, whereas the pair continued rising to achieve the highest trading price at 1.6388, during the Asian market, the pair broke the level 1.6388 to continue rising testing the broken down bullish trend line, the pair is expected to decline a little from the testing point searching for forming a bullish bottom for the short-term which will force the pair to rise again by reaching the level 1.06470 then 1.6545, forming a bullish bottom is expected between the support level 1.6360 and the support level 1.6302.

This scenario depends on the stability of the support level 1.6302.

Res: 1.6437 1.6498 1.6609
Pivot: 1.6326
Sup: 1.6265 1.6154 1.6093
[IMG][img]http://img105.herosh.com/2011/06/14/762636756.png[/url]


[B]USD/CHF[/B]

As it is noticed through this chart, the pair is moving inside a bullish channel with a lightly sliding down, so it is expected to continue rising during the upcoming trades targeting the resistance level 0.8453 which represents the top border of the channel.

The stability of these expectations requires the stability of the pair above the support level 0.8353.

Res: 0.8443 0.8513 0.8559
Pivot: 0.8397
Sup: 0.8327 0.8281 0.8211
[IMG][img]http://img105.herosh.com/2011/06/14/581029994.png[/url]


[B]USD/CAD[/B]

As it is noticed through this chart, yesterday, the pair broke the bottom border of the bullish channel by breaking the support level 0.9767, so during the upcoming trades, it is expected to continue declining targeting the support level 0.9640 as the first target and if the pair broke it with stability below, the pair will continue declining targeting the level 0.9538.

The stability of these expectations requires the stability of the resistance level 0.9767.

Res: 0.9787 0.9816 0.9836
Pivot: 0.9767
Sup: 0.9738 0.9718 0.9689
[IMG][img]http://img101.herosh.com/2011/06/14/90123801.png[/url]


[B]AUD/USD[/B]

Yesterday, the pair achieved some gains and succeeded to close above the level 1.0575 which represents 23.6% of Fibonacci's correction level for the last bearish wave for the mid-term that led the pair to reach the resistance level 1.0660 to test it which represents 38.2% of the same Fibonacci's correction level amid a bullish momentum which refers to more rising but under the condition of breaking the resistance level 1.0660 with stability above it, then it is expected to continue rising trying to test the resistance level 1.0725 which represents 50.0% of Fibonacci's correction level that mentioned before.

The stability of these expectations requires the stability of the support level 1.0575.

Res: 1.0650 1.0699 1.0763
Pivot: 1.0586
Sup: 1.0537 1.0473 1.0424
[ATTACH]1257.vB[/ATTACH]

 

[GIGFX]

Wednesday 15th of June 2011 GIGFX Technical Analysis Report

EUR/USD

After the EUR/USD pairrose previously to approaching 23.6% correction level for the bullish move from 1.3969 to 1.4696, to fall from this level during the previous short trades passing 38.2% level, which makes 50% level the pair next target represented by 50% correction level, and if the pair was able to break down this level it will target 61.8% level around 1.4246 price, but if 1.4332 level held it will push the pair to rise in order to retest 1.4420 level and 1.4524 represented by 38.2% and 23.6% correction levels

Res: 1.4498 1.4556 1.4616
Pivot: 1.4438
Sup: 1.4380 1.4320 1.4262

[/url]


[B]GBP/ USD[/B]

Sterling continued rising against the U.S. dollar during yesterday trades till tested the bullish trendline that has been broken downside before however, this testing was mentioned through the last analysis, the pair formed a top at the testing area and has been pushed downside during the last intraday trades however, it is expected that the pair will continue declining targeting to test the support level 1.6302, this level is an important support level for near-term and if the pair broke it downside, the pair will continue declining targeting the level 1.6215 but with forming a bottom at this level means more rising targeting to re-test the resistance level 1.6440.

Res: 1.6422 1.6474 1.6508
Pivot: 1.6388
Sup: 1.6336 1.6302 1.6250
[IMG][img]http://img104.herosh.com/2011/06/15/671829502.png[/url]


[B]USD/CHF[/B]

As was expected yesterday that the pair rose up targeting the resistance level 0.8453 which represents the bullish channel's top border and that's what the pair done whereas a bullish momentum has collected breaking the resistance level 0.8453 which represents the channel's top border where the pair is now above this level which became the pair's support level so it's expected that the pair will continue rising targeting the resistance level 0.8544 and the stability above this level which gives the pair the chance to target the resistance level 0.8609 as a second target.

This scenario depends on the stability of the support level 0.8453.

Res: 0.8490 0.8527 0.8598
Pivot: 0.8419
Sup: 0.8382 0.8311 0.8274
[IMG][img]http://img102.herosh.com/2011/06/15/204298819.png[/url]


[B]USD/CAD[/B]

As observed in the chart that after broking the bullish channel since last week, as was expected yesterday that the pair will target the support level 0.9640 which s now near it so it's expected during the intraday trades that the pair will continue declining targeting by that the support level 0.9640 and the stability below this level which gives the pair the chance to target the support level 0.9538 as the second target.

This scenario depends on the stability of the pair below the resistance level 0.9691 which represents 38.2% Fibonacci retracement correction level for the bullish direction.

Res: 0.9741 0.9805 0.9839
Pivot: 0.9707
Sup: 0.9643 0.9609 0.9545
[IMG][img]http://img103.herosh.com/2011/06/15/359137430.png[/url]


[B]AUD/USD[/B]

The pair continued rising yesterday as what was expected whereas the pair was able to broke the resistance level 1.0660 which represents 38.2% Fibonacci retracement correction level for the last bearish wave for the medium-term and it's rising continued to test the resistance level 1.0725 which represents 50% from the same previous mentioned Fibonacci retracement correction level registering the highest price during yesterday trades at 1.0714.
It's expected during the intraday trades that declining the pair are affected by the Purchasing power of the U.S. dollar movement but this scenario depends on confirming closing a good close below this level 1.0660 to expect targeting the pair the support level 1.0575 which represents 23.6% Fibonacci retracement correction level again.

This scenario depends on the stability of the resistance level 1.0725.


Res: 1.0741 1.0801 1.0888
Pivot: 1.0654
Sup: 1.0594 1.0507 1.0447
[ATTACH]1261.vB[/ATTACH]

 

[GIGFX]

Thursday 16th of June 2011 GIGFX Technical Analysis Report

EUR/USD

After the EUR/USD pairfell previously to form a bearish wave (1.2.3) that pushed down the pair to target 1.4120 level that coincided with 76.4% correction level correction level for the bullish move from 1.3969 to 1.4696, as if the pair was able to hold below this level; it will continue falling targeting 1.4035 support level, but trading above this level will push the pair to rise in order to retest one of the resistance levels such as 1.4332 level represented by 50% correction level.

Res: 1.4367 1.4555 1.4661
Pivot: 1.4261
Sup: 1.4073 1.3967 1.3779

[/url]


[B]GBP/ USD[/B]

Yesterday trades saw a strong decline for the GBP/USD pair, this declining was supported by raising the dollar against all the main currencies, the pair was pushed down breaking all the previous mentioned support borders, the support levels 1.6302 and 1.6215 were broken, a daily close below the support level 1.6215 has been achieved, so it's expected that the bearish move will be continued during the next trades to target retesting the support level 1.6085.

This scenario depends on the stability of the resistance level 1.6302.

Res: 1.6327 1.6462 1.6542
Pivot: 1.6247
Sup: 1.6112 1.6032 1.5897
[IMG][img]http://img104.herosh.com/2011/06/16/726019030.png[/url]


[B]USD/CHF[/B]

As was mentioned yesterday, the pair continued the corrective direction for the medium-term bearish direction which began from the level 0.8326 targeting 0.8542 that was mentioned yesterday. so it's expected that the pair will continue rising till the resistance level 0.8609 which represents 50.0% Fibonacci retracement correction level for the bearish direction and the stability above this level, gives the pair the chance to target the resistance level 0.8678.

This scenario depends on closing the pair a good close above the resistance level 0.8542.


Res: 0.8573 0.8616 0.8682
Pivot: 0.8507
Sup: 0.8464 0.8398 0.8355
[IMG][img]http://img102.herosh.com/2011/06/16/109971419.png[/url]


[B]USD/CAD[/B]

As observed in the chart, the pair is drawing a continuing pattern since yesterday trades, which is the flag complement pattern. so it's expected that the pair will continue the bullish scenario during the intraday trades targeting the resistance level 0.9876 and the stability above this level gives the pair the chance to target the resistance level 0.9945 with remaining a probability of testing the support level 0.9769.

This scenario depends on closing the pair a good close above the resistance level 0.9804.

Res: 0.9852 0.9918 1.0010
Pivot: 0.9760
Sup: 0.9694 0.9602 0.9536
[IMG][img]http://img102.herosh.com/2011/06/16/970426203.png[/url]


[B]AUD/USD[/B]

As it was expected through yesterday report, the pair declined supported by the huge bullish positions for the American Dollar during yesterday trades forming a harmonic pattern AB=CD in which the pair is moving now and the pair is in the range of the last wave CD which targets the support level 1.0465, so it is expected during the upcoming trades that the pair will continue declining targeting the support level 1.0465 but first it has to break the support level 1.0525 which represents the point B of the harmonic pattern.

These expectations requires the stability of the resistance level 1.0580.

Res: 1.0680 1.0785 1.0858
Pivot: 1.0607
Sup: 1.0502 1.0429 1.0324
[ATTACH]1263.vB[/ATTACH]

 

[GIGFX]

Friday 17th of June 2011 GIGFX Technical Analysis Report

EUR/USD

After the EUR/USD pairfell previously to form a bottom at 1.4072 support level, to rise form this level reaching 1.4222 resistance level, as the pair direction will be determined by breaking one of these levels, as if the pair breaks 1.4222 level it will rise targeting 1.4367 level coinciding with 50%correction level for the bullish move from 1.3969 to 1.4696, but if the pair was able to break down 1.4072 support it will fall targeting 1.3935 level.

Res: 1.4256 1.4308 1.4399
Pivot: 1.4165
Sup: 1.4113 1.4022 1.3970

[/url]


[B]GBP/ USD[/B]

The bearish direction is still dominating the price action of the GBP/USD pair for short and medium-term as the pair approached to re-test the support level 1.6058 which represents the lowest achieved price during the trades of the last three weeks however, it is expected that the pair will reach this level after breaking the level 1.6100, breaking the level 1.6058 downside means more declining targeting the level 1.5960, the stability of these expectations requires the stability of the resistance level 1.6173 because breaking this level upside means the beginning of forming a bullish direction for near-term trades.

Res: 1.6227 1.6299 1.6374
Pivot: 1.6152
Sup: 1.6080 1.6005 1.5933
[IMG][img]http://img104.herosh.com/2011/06/17/560058969.png[/url]


[B]USD/CHF[/B]

The bullish direction is still dominating the price action of the pair for near and medium-term as it formed a harmonic pattern AB=CD for near and medium-term and now the pair is in the forming stage of the last wave CD so it is expected that the pair will target the resistance level 0.8671 which represents the point D.

The stability of these expectations requires the stability of the pair above the resistance level 0.8551 which represents the point D.

Res: 0.8525 0.8576 0.8602
Pivot: 0.8499
Sup: 0.8448 0.8422 0.8371
[IMG][img]http://img104.herosh.com/2011/06/17/634277848.png[/url]


[B]USD/CAD[/B]

As observed in the chart that after getting out the pair from the sideway channel it achieved it's first targets by reaching the resistance level 0.9887 but it wasn't able to be stabile above this level so the pair is now retesting the resistance level 0.9810 which represents the channel's top border so it's expected that the pair will take the bullish direction retesting the resistance level 0.9887 and the stability above this level which gives the pair the chance to target the resistance level 0.9949.

This scenario depends on the stability of the support level 0.9810.


Res: 0.9880 0.9950 1.0005
Pivot: 0.9825
Sup: 0.9755 0.9700 0.9630
[IMG][img]http://img105.herosh.com/2011/06/17/813027697.png[/url]


[B]AUD/USD[/B]


It is still expected that the pair will continue declining supported by the formed harmonic pattern AB=CD that was mentioned through yesterday's report, the pair succeeded to break the support level 1.0525 to confirm the targets of the pattern, the pair traded above this level then it reflected again to re-test it now so it is expected that the pair will continue declining targeting the support level 1.0465 to complete this formed pattern.

Res: 1.0604 1.0653 1.0717
Pivot: 1.0540
Sup: 1.0491 1.0427 1.0378
[ATTACH]1267.vB[/ATTACH]

 

[GIGFX]

Monday 20th of June 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair rose previously to retest the bearish trend line for the medium trades, forming the bearish harmonic pattern (AB=CD) which supposed to target 1.3913 level as the (D) point for the pattern, but in order to achieve that target 1.4325 resistance must held as the (C) point for the pattern and 1.4073 level must be broken as the (B) point for the pattern, but in case the pair tends to rise it must break the (C) point to rise targeting 1.4495 resistance in order to retest it.


Res: 1.4452 1.4540 1.4639
Pivot: 1.4353
Sup: 1.4265 1.4166 1.4078

[/url]


[B]GBP/ USD[/B]

The pair remains the bearish direction for the short and medium periods, as the pair is forming a flag pattern that supports that direction, to lead the expectations for further falling with breaking the pattern bottom line, to target then the support level 1.6058, and if the pair was able to break this support it will continue falling targeting 1.5926 then 1.5756 represented by 127% and 161.8% continuous levels for the bullish move from 1.6058 to 1.6546.
This analyze requires the stability of the resistance levels 1.6195


Res: 1.6449 1.6496 1.6586
Pivot: 1.6359
Sup: 1.6312 1.6222 1.6175
[IMG][img]http://img103.herosh.com/2011/06/20/177057995.png[/url]


[B]USD/CHF[/B]

As observed on the chart, the pair is trading for the medium and short- terms inside a bullish channel; the pair is now near the support level 0.8476 which represents the lower boarder for the channel. It is expected that the pair will continue rising targeting to retest the resistance level 0.8543 which represents 38.2% Fibonacci correction level, the stability above this level gives the pair the chance to continue rising to test the resistance level 0.8610 which coincides with the upper boarder of the channel with 50% Fibonacci mentioned level.


Res: 0.8766 0.8816 0.8845
Pivot: 0.8737
Sup: 0.8687 0.8658 0.8608
[IMG][img]http://img105.herosh.com/2011/06/20/640336462.png[/url]

[B]USD/CAD[/B]

The USDCAD pair got out of the sideways channel and achieved the first target by reaching the resistance level 0.9881 but the pair failed to hold above this level and tried to retest the upper boarder of the channel at the support level 0.9814.
With the beginning of today’s trades, the pair rose again with the expectations of more rising during today’s intraday trades targeting the resistance level 0.9887 and the stability above this level gives the pair the chance to continue rising till the resistance level 0.9949
The stability of these expectations requires the stability of the pair above the support level 0.9814.



Res: 0.9672 0.9729 0.9764
Pivot: 0.9637
Sup: 0.9580 0.9545 0.9488
[ATTACH]1273.vB[/ATTACH]


[B]AUD/USD[/B]


The pair remains the bearish direction for the short and medium trades specially after the pair rose during the last week trades targeting the resistance level 1.0620 to form the harmonic pattern (AB=CD) which the pair is moving through its last wave during the current trades (CD) which supposed to target the support level 1.0395, but in order to confirm that pattern the must break the support level 1.0475.
The stability of these expectations requires the stability of the resistance level 1.0580.



Res: 1.0844 1.0883 1.0957
Pivot: 1.0770
Sup: 1.0731 1.0657 1.0618
[ATTACH]1272.vB[/ATTACH]

 

[ryaron]

bla bla bla bla bla

 

[GIGFX]

Tuesday 21st of June 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair rose previously to reach 50% correction level for the last bearish move from 1.4696 to 1.4074, around 1.4385 price, this came as a result for the news about the possibility of helping Greece solving its economic crisis, which supported the EUR with Investor optimism, as it is expected with breaking the current resistance, that the pair will continue rising targeting 1.4460 level, but in case 1.4385 level held it will push the pair to fall retesting 1.4310 represented by 38.2% level.

Res: 1.4356 1.4409 1.4492
Pivot: 1.4273
Sup: 1.4220 1.4137 1.4084

[/url]


[B]GBP/ USD[/B]

Yesterday trades saw a further rise for the short-term inside the bearish flag pattern, whereas retesting the pair the pattern's top border is observed coinciding with the level 1.6258 which represents 50% Fibonacci retracement correction level for the bearish direction (from 1.6440 to 1.6077), a negative (stochastic divergence pattern) is remained supports the bearish direction, if forming the top at the level 1.6258 is completed that's means declining again to test the flag's lower border which will be confirmed with breaking it's lower border and in this case the pair will initially targeted till the level 1.6077, but breaking it above the level 1.6258 means getting it out from forming the supported bearish pattern to form a new bullish direction testing the resistance level 1.6440 again.

Res: 1.6253 1.6305 1.6378
Pivot: 1.6180
Sup: 1.6128 1.6055 1.6003
[IMG][img]http://img102.herosh.com/2011/06/21/416229300.png[/url]


[B]USD/CHF[/B]

As it is noticed through this chart, yesterday the pair broke out the bullish channel at the level 0.8478 which represents the bottom border of the channel targeting the support level 0.8388expecting more declining targeting to re-test the support level 0.8388 as the first target followed by the level 0.8307 as second during intraday trades, with the probability of testing the resistance level0.8478 again.

The stability of these expectations requires the stability of the resistance level 0.8478.

Res: 0.8516 0.8571 0.8626
Pivot: 0.8461
Sup: 0.8406 0.8351 0.8296
[IMG][img]http://img104.herosh.com/2011/06/21/157342273.png[/url]


[B]USD/CAD[/B]

The bullish direction is still dominating the trades of the pair as it re-correcting the bullish move and it is expected that the pair will continue declining during today's intraday trades targeting the support level 0.9755 which represents 61.8% of Fibonacci's correction level for the bullish direction and the stability of the pair below this level gives the pair the chance to target the support level 0.9722 which represents 76.4% of Fibonacci's correction level followed by the support level 0.9669

The stability of these expectations requires breaking the support level 0.9755 with stability below it.

Res: 0.9836 0.9876 0.9904
Pivot: 0.9808
Sup: 0.9768 0.9740 0.9700
[IMG][img]http://img102.herosh.com/2011/06/21/676060811.png[/url]


[B]AUD/USD[/B]

As observed in the chart that the pair is forming a symmetrical triangle pattern supported by the bearish direction, therefore it's expected with breaking the lower border with the support level 1.532 the pair will continue declining initially targeting the level 1.0476, this bearish view didn't rule out breaking the pattern's top border with breaking the resistance level 1.0623 then the pair will continue rising testing the resistance level 1.0714 again.

Res: 1.0632 1.0684 1.0752
Pivot: 1.0564
Sup: 1.0512 1.0444 1.0392
[ATTACH]1277.vB[/ATTACH]

 

[GIGFX]

Wednesday 22nd of June 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair rose previously to pass 50% correction level for the last bearish move from 1.4696 to 1.4074, around 1.4385 price, which increases the possibilities of the bullish move for the pair targeting 1.4460 level represented by 61.8% correction level during the upcoming short trades, but the formation of a bullish wedge for the previous medium trades must be considered, as if the pair was able to break its bottom rib it will fall targeting 1.4310 support level coinciding with 38.2% correction in order to retest it.

Res: 1.4454 1.4497 1.4572
Pivot: 1.4379
Sup: 1.4336 1.4261 1.4218

[/url]


[B]GBP/ USD[/B]

Yesterday trades came in a narrow range which reflected collecting the momentum price; the pair will use it to form the next trades direction, whereas the pair developed it's direction to continue moving inside the bullish short-term channel, continuing the stability of the resistance level 1.6258 is also observed which represents 50% Fibonacci retracement correction level for the bearish direction (from 1.6440 to 1.6077), breaking this level up means beginning getting out of this bullish channel to reach the resistance levels up at 1.6301, 1.06354, continuing trading inside this bullish channel gives a probability on breaking it's lower border to retest the support level 1.6077 again.

Res: 1.6276 1.6308 1.6363
Pivot: 1.6221
Sup: 1.6189 1.6134 1.6102
[IMG][img]http://img105.herosh.com/2011/06/22/433795578.png[/url]


[B]USD/CHF[/B]

As observed in the chart that the pair is still trying to retest the support level 0.8394 which is unable to be stabile below it till now so it's expected that during the intraday trades the pair will continue declining retesting the support level 0.8394 as the first target to get out of this bullish channel then trying to reach the support level 0.8301 as the second target with the probability of retesting the resistance level 0.8478 again.

This scenario depends on the stability of the resistance level 0.8478.

Res: 0.8444 0.8485 0.8507
Pivot: 0.8422
Sup: 0.8381 0.8359 0.8318
[IMG][img]http://img105.herosh.com/2011/06/22/139504890.png[/url]


[B]USD/CAD[/B]

As observed in the chart that the pair formed the bearish momentum price since yesterday's trading beginning till the end so it's expected that continuing correcting the bullish direction whereas the pair is trying now to break the support level 0.9723 which represents 38.2% Fibonacci retracement correction level for the bullish direction if the pair is able to break this level and the stability below it so the pair will target the support level 0.9669 which represents 50% Fibonacci retracement correction level for the same previous mentioned bullish direction then the support level 0.9616 which represents 61.8% from the same previous mentioned Fibonacci retracement levels.

This scenario depends on the stability of the pair below the support level 0.9723.

Res: 0.9836 0.9876 0.9904
Pivot: 0.9808
Sup: 0.9768 0.9740 0.9700
[IMG][img]http://img105.herosh.com/2011/06/22/451704908.png[/url]


[B]AUD/USD[/B]

The pair is still moving inside the symmetric triangle pattern whereas it tried to exit this pattern by breaking the resistance level 1.0623 which represents 61.8% of Fibonacci's correction level and if the pair succeeded to break it with stability above it the pair will target the resistance level 10.657 which represents 76.4% of Fibonacci's correction level, but if the pair failed to break the resistance level 1.0623 it will try to re-test the support level 1.0532at which the bottom border of the pattern coincides with 23.6% of Fibonacci's correction level

Res: 1.0637 1.0671 1.0724
Pivot: 1.0584
Sup: 1.055 1.0497 1.0463
[ATTACH]1280.vB[/ATTACH]

 

[GIGFX]

Thursday 23rd of June 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair rose previously to pass 50% correction level for the last bearish move from 1.4696 to 1.4074, around 1.4385 price,to face 61.8% correction level during the previous trades forming a bearish wedge that the pair was able to break its bottom line previously, causing the pair falling to break 50% level and to trade under 38.2% level, leading the expectation for further falling to target 1.4220 level represented by 23.6% correction level, then 1.4140 as the pattern final target, but if the pair traded above 1.4310 level it will rise to retest 1.4385 resistance level.

Res: 1.4416 1.4477 1.4514
Pivot: 1.4379
Sup: 1.4318 1.4281 1.4220

[/url]


[B]GBP/ USD[/B]

Yesterday trades saw forming a medium-term bearish top at the resistance level 1.6260 by coinciding with the bullish channel top border for the short-term and this top pushed the pair as what was expected in the previous report to break the channel's lower border, the bearish move is continued till the pair reached the support level 1.6077 which represents the targeted price to get out of this channel, during rising and forming a bearish top for the medium-term the pair is forming the AB=CD harmonic pattern, whereas it represents the resistance level 1.6260 and the C point and the support level 1.6077 which represents the B point whereas the last trades are below it so it's expected that the bearish move will be continued to reach the support level 1.5895 which represents the complement D point for the harmonic pattern.

This scenario depends on the stability of the resistance level 1.06147.

Res: 1.6199 1.6329 1.6398
Pivot: 1.6130
Sup: 1.6000 1.5931 1.5801
[IMG][img]http://img105.herosh.com/2011/06/23/487954636.png[/url]


[B]USD/CHF[/B]

The bullish direction is still dominant the pair's direction for the short-term whereas the pair is re-correcting the bearish direction for the medium-term so it's expected that the pair will continue rising during the intraday trades whereas the pair will target the resistance level 0.8445 which represents 50% Fibonacci retracement correction level for the bearish direction and the stability above this level which gives the pair the chance to target the resistance level 0.8470 which represents 61.8% from the same previous Fibonacci retracement levels.

This scenario depends on the stability of the resistance level 0.8419 and closing above it a good close.

Res: 0.8435 0.8478 0.8526
Pivot: 0.8387
Sup: 0.8344 0.8296 0.8253
[IMG][img]http://img102.herosh.com/2011/06/23/139749728.png[/url]


[B]USD/CAD[/B]

As observed in the chart that the pair is forming a pattern through yesterday trades which is the flag complement pattern for the bearish direction so it's expected that the pair will decline during the intraday trades targeting the support level 0.9654 and the stability below it gives the pair the chance to target the support level 0.9580 with the probability of testing the pair the resistance level 0.9760.

This scenario depends on closing the pair a good close below the support level 0.9726

Res: 0.9757 0.9780 0.9809
Pivot: 0.9728
Sup: 0.9705 0.9676 0.9653
[IMG][img]http://img102.herosh.com/2011/06/23/761438859.png[/url]


[B]AUD/USD[/B]

As it is noticed through this chart, the pair is moving inside a bearish channel for the near and mid-term, the pair now is facing the support level 1.0539 so it is expected that the pair will continue declining targeting the support level 1.0431 which represents the bottom border of the channel but under the condition of breaking the support level 1.0539 with stability below it, but in the case that the pair held steady above this level, it will re-test the resistance level 1.0628 which represents the top border of the channel.

Res: 1.0626 1.0680 1.0711
Pivot: 1.0595
Sup: 1.0541 1.0510 1.0456
[ATTACH]1281.vB[/ATTACH]

 

[GIGFX]

Friday 24th of June 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair fell previously reaching 1.4127 price forming a bottom at this level to push the pair to rise forming a top at the resistance level 1.4276, to form the harmonic pattern (AB=CD) that supposed to push down the pair to retest 1.4127 level represented by (B) point for the pattern, and if the pair was able to pass this level it will target 1.3970 level as the expected (D) point for the pattern, but if the pair was able to trade above 1.4127 level it will rise searching a good resistance level to retest it such as 1.4350 level.

Res: 1.4365 1.4475 1.4594
Pivot: 1.4246
Sup: 1.4136 1.4017 1.3907

[/url]


[B]GBP/ USD[/B]

Yesterday trades saw continuing declining the British currency against the U.S dollar, whereas the pair is still forming the CD bearish rib for the AB=CD harmonic pattern, forming a bearish bottom at the level 1.5964 which represents 161.8% Fibonacci retracement correction level for the complement BC rib, so this bottom must be broken by reaching the level 1.5895 which represents 200% the complement for the same rib which also represents the harmonic pattern complement D point.

This scenario depends on the stability of the resistance level 1.6077.

Res: 1.6073 1.6141 1.6209
Pivot: 1.6005
Sup: 1.5937 1.5869 1.5801
[IMG][img]http://img102.herosh.com/2011/06/24/837898782.png[/url]


[B]USD/CHF[/B]

The support level 0.8363 is still stabile against testing the price for it as a second test during the last 24 hours which gives the expectations that continuing the stability of this level during the intraday levels will push the pair up forming the AB=CD harmonic pattern which if it succeeds on rising so it will target the resistance level 0.8460.

This scenario depends on the stability of the support level 0.8363.

Res: 0.8428 0.8470 0.8502
Pivot: 0.8396
Sup: 0.8354 0.8322 0.8280
[IMG][img]http://img102.herosh.com/2011/06/24/707563807.png[/url]


[B]USD/CAD[/B]

The bullish direction is still dominant on the pair's direction for the short-term whereas the pair is re-correcting the bearish direction for the medium-term so it's expected that the pair will continue rising during the intraday trades whereas the pair is targeting the resistance level 0.9783 which represents 50% Fibonacci retracement correction level for the bearish direction and the stability above this level which gives the pair the chance to target the resistance level 0.9810 which represents 38% from the same previous mentioned Fibonacci retracement levels and the stability above this level which gives the pair the chance to reach the resistance level 0.9843 which represents 23% Fibonacci retracement levels.

This scenario depends on breaking the pair the resistance level 0.9783 and closing above it a good close.

Res: 0.9834 0.9882 0.9943
Pivot: 0.9773
Sup: 0.9725 0.9664 0.9616
[IMG][img]http://img105.herosh.com/2011/06/24/154710041.png[/url]


[B]AUD/USD[/B]

The pair is moving inside a near and medium-term bearish channel and now it is facing the resistance level 1.0539 and as it was expected yesterday the pair reached the target of re-testing the support level 1.0431 which represents the bottom border of the channel and reflected from this bottom trying to re-correct its bearish direction targeting the resistance level 1.0628 which represents the top border of the channel but the pair has to break the resistance level 1.0539 with stability above it.

Res: 1.0549 1.0563 1.0582
Pivot: 1.0530
Sup: 1.0516 1.0497 1.0483
[ATTACH]1283.vB[/ATTACH]

 

[GIGFX]

Monday 27th of June 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair fell previously reaching after forming a top at the resistance level 1.4306, to form the harmonic pattern (AB=CD) that supposed to push down the pair to target 1.3970 level as the expected (D) point for the pattern, but if the pair must hold below 1.4127 level represented by (B) point for the pattern, and if the pair was able to trade above 1.4127 level it will rise retesting 1.4306 level.

Res: 1.4137 1.4151 1.4165
Pivot: 1.4123
Sup: 1.4109 1.4095 1.4081

[/url]


[B]GBP/ USD[/B]

As observed in the chart, the GBP/USD pair continued forming the bearish CD rib for the AB=CD harmonic pattern whereas the pair formed a new bearish top during the end of last week trades at the resistance level 1.6028, pushed down from it till the support level 1.5964, with this week trades opening the pair was able to broke the support level 1.5964 down achieving the lowest Asian trades price at 1.5913 nearest the level 1.5895 which represents the complement D point for the harmonic pattern, so it's expected that the formed bottom at the level 1.5913 has completed forming the CD rib, it's expected that the pair will begin forming the corrective bullish direction initially retesting the level 1.6077, this correction move will be confirmed with breaking the resistance level 1.5964 and the good close above it.

This scenario depends on the stability of the support level 1.5895

Res: 1.6020 1.6079 1.6114
Pivot: 1.5985
Sup: 1.5926 1.5891 1.5832
[IMG][img]http://img105.herosh.com/2011/06/27/157857329.png[/url]


[B]USD/CHF[/B]

The bearish direction for long-term and intraday levels is still dominating the trades of the pair as the pair is moving inside a bearish channel and it started this week trades with a price gap testing the important support level 0.8328 then it reflected up to close this gap and move around the level 0.8373.
Generally, the movement of the pair inside a bearish channel led to the expectation that the pair will continue declining but it is recommended to do not have any bearish positions while the support level 0.8328 is holding stable and if the pair succeeded to close below this level, declining the pair will be confirmed targeting the support level 0.8215.

Res: 0.8400 0.8425 0.8457
Pivot: 0.8368
Sup: 0.8343 0.8311 0.8286
[IMG][img]http://img105.herosh.com/2011/06/27/161890919.png[/url]


[B]USD/CAD[/B]

The pair is still moving inside a bullish channel for long-term and the bullish wave that started at the support level 0.9700 is still moving upside till reached the area of testing the top border of the bullish channel so it is expected that the pair will form a top at the testing area that will force the pair to decline to re-test the nearest support levels trying to form a bullish bottom in the area between the level 0.9858 and 0.9821, forming a bullish bottom at this area means more rising to test the level 0.9896 and if the pair succeeded to break the bearish trendline means the beginning of forming a bullish move will target primarily the level 1.0018.
The stability of these expectations requires the stability of the support level 0.9821.

Res: 0.9917 0.9959 1.0033
Pivot: 0.9843
Sup: 0.9801 0.9727 0.9685
[IMG][img]http://img105.herosh.com/2011/06/27/205722490.png[/url]


[B]AUD/USD[/B]

Observing the AUD/USD, the pair remains the bearish direction for the medium and long trades, as the pair was able to fall from the resistance level 1.0595 to break 1.0475, leading the expectations for further falling by the stability of 1.0475 level, targeting the support level 1.0315, as if the pair traded back above 1.0475 level it might rise in order to retest 1.0595 resistance that may coincide with the bearish trend line for the previous long trades.

Res: 1.0564 1.0639 1.0639
Pivot: 1.0524
Sup: 1.0449 1.0409 1.0334
[ATTACH]1284.vB[/ATTACH]