GIGFX Technical Analysis For Majors (Updated Daily)

[GIGFX]

Tuesday 28th of June 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD formed a bottom previously at the support level 1.4105 to rise from this level approaching 38.2% correction level for the bearish move from 1.4940 to 1.3968 with the bearish trend line for the previous long trades, as if these resistances held it will push the pair to fall targeting 1.4198 price that coincide with 23.6% correction level then the previous bottom 1.4105, but the breaking of 1.4340 resistance will bring more rising for the pair targeting 1.4455 resistance that coincide with 50% correction level.

Res: 1.4351 1.4415 1.4539
Pivot: 1.4227
Sup: 1.4163 1.4039 1.3975

[/url]


[B]GBP/ USD[/B]

Yesterday trades came in a narrow range which reflects collecting the momentum price, the GBP/USD pair will use it in forming the next direction, whereas it's expected that the AB=CD harmonic pattern will be completed by reaching the level 1.5913 which means that the next movement will form the bullish short-term corrective direction, this scenario will be confirmed by the intraday probability of forming the head and shoulders reflective pattern will be remained by breaking the neckline and also the resistance level 1.6010 then the pair will continue rising reaching the area between the resistance level 1.6077 and the level 1.6120 which represents the targeted price for the probable pattern, in case of breaking the support level 1.5913 and also breaking the level 1.5895 the pair will continue forming the bearish direction for the medium-term reaching the level 1.5781 which represents 261.8% Fibonacci retracement continuous level for the BC rib.

Res: 1.6028 1.6067 1.6125
Pivot: 1.5970
Sup: 1.5931 1.5873 1.5834
[IMG][img]http://img105.herosh.com/2011/06/28/280862559.png[/url]


[B]USD/CHF[/B]

As it is noticed through this chart, the pair is trading inside a bearish channel for short and mid-term and now it is around the resistance level 0.8363 which represents the top border of the channel but it is expected that the pair will continue declining targeting the support level 0.8282 which represents the bottom border of the channel.

The stability of these expectations requires the stability of the pair below the resistance level 0.8363.

Res: 0.8384 0.8417 0.845
Pivot: 0.8351
Sup: 0.8318 0.8285 0.8252
[IMG][img]http://img105.herosh.com/2011/06/28/309745493.png[/url]


[B]USD/CAD[/B]

As it is noticed through this chart, the pair is correcting its bullish move as it is expected that it will decline for near-term and intraday levels targeting the support level 0.9861 which represents 23.0% of Fibonacci's correction level for the bullish move and if the pair was able to be stable below this level, it may target the support level 0.9830 which represents 38.0% of Fibonacci's correction level and if it succeeded to be stable below this level, it may target the resistance level 0.9806 which represents 50.0% of Fibonacci's correction level.

The stability of these expectations depends on breaking the support level 0.9861 with stability below it.

Res: 0.9894 0.9930 0.9949
Pivot: 0.9875
Sup: 0.9839 0.9820 0.9784
[IMG][img]http://img105.herosh.com/2011/06/28/555021793.png[/url]


[B]AUD/USD[/B]

The bearish direction is still on the medium and the short-terms especially, as expected for the pair through the pervious reports, the priced had already declined affected by forming the AB=CD harmonic pattern which targets the support level 1.0405 to complete the last CD rib, then it will reflect after testing it up trying to test the AC trend line, so it's expected that there's a probability on reflecting the price a correction reflect up targeting the resistance level 1.0530 during the intraday levels.

This scenario depends on the stability of the support level 1.0405.

Res: 1.0488 1.0535 1.0584
Pivot: 1.0439
Sup: 1.0392 1.0343 1.0296
[ATTACH]1291.vB[/ATTACH]

 

[GIGFX]

Wednesday 29th of June 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair rose yesterday breaking the medium bearish trend line and trading above 1.4340 level that represents 38.2% correction level for the bearish move from 1.4940 to 1.3968, to lead the expectations for further rising for the pair targeting the resistances 1.4455 represented by 50% correction level then 1.4570 represented by 61.8% correction level, which requires the stability of the current support level 1.4340.

Res: 1.4431 1.4493 1.4590
Pivot: 1.4334
Sup: 1.4272 1.4175 1.4113

[/url]


[B]GBP/ USD[/B]

Yesterday trades saw retesting the support level 1.5913 to form a new bottom which is the second consecutive bottom at the same level, one of the conditions will be available which is remaining the (double consecutive bottoms) reflective pattern for the bearish direction, breaking the resistance level 1.6010 is the last condition the last condition which represents the pattern's top, so it's expected during the last intraday trades that the pair will try to break this level, if breaking this level is confirmed so the pair will continue rising to reach the pattern's targeted price by reaching the level 1.6114 which represents at the same time 38.2% Fibonacci retracement correction level for the bearish direction (from 1.6440 to 1.5913), the target price area also represents the testing bearish trend line area for the medium-term which gives the strength for the bullish expected scenario during the next trades.

This scenario depends on the stability of the support level 1.5913.

Res: 1.6058 1.6116 1.6190
Pivot: 1.5984
Sup: 1.5926 1.5926 1.5794
[IMG][img]http://img105.herosh.com/2011/06/29/491911700.png[/url]


[B]USD/CHF[/B]

As it is noticed in this chart, the pair is still moving inside a near and mid-term bearish channel, after the pair reached the expected target at the support level 0.8282 it failed to be stable below it and reflected upside trying to target the resistance level 0.8340 which represents the top border of the channel, if the pair succeeded to break this level with stability above it it will target the resistance level 0.8383 and if the pair was able to be stable above this level it will target the resistance level 0.8427.

The stability of these expectations requires the stability of the pair above the support level 0.8275.

Res: 0.8359 0.8400 0.8443
Pivot: 0.8316
Sup: 0.8275 0.8232 0.8191
[IMG][img]http://img102.herosh.com/2011/06/29/407713588.png[/url]


[B]USD/CAD[/B]

As it was expected through the previous analysis, the pair is in a correction stage to the bearish move for near and mid-term, the pair reached all expected targets then it broke the support level 0.9806 so it is expected that the pair will continue correcting this move targeting the support level 0.9781 which represents 61.8% of fibonacci's correction level for the bullish direction and if the pair broke this level with stability below it, the pair will continue declining targeting the level 0.9752 which represents 76% of the same fibonacci's correction levels and if the pair succeeded to break this level with stability below it will target the support level 0.9700 that regarded as the point that it will rise from.

The stability of these expectations requires the stability of the resistance level 0.9806.

Res: 0.9858 0.9906 0.9931
Pivot: 0.9833
Sup: 0.9785 0.9760 0.9712
[IMG][img]http://img105.herosh.com/2011/06/29/65775973.png[/url]


[B]AUD/USD[/B]

The bearish direction is still dominating the trades of the pair for near and mid-term and as it was expected yesterday the pair rose targeting the resistance level 1.0530 and succeeded to break it with stability below then tried to reach the resistance level 1.0600 to test it, this level is an important level as it coincides with testing the top border of the bearish channel in which the pair is moving for near-term and intraday levels so it is expected that, this level will hold stable against the price testing and then the pair will reflect downside targeting to re-test the support level 1.0530.

The stability of these expectations requires the stability of the resistance level 1.0600.

Res: 1.0576 1.0613 1.0684
Pivot: 1.0505
Sup: 1.0468 1.0397 1.0360
[ATTACH]1296.vB[/ATTACH]

 

[GIGFX]

Thursday 30th of June 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair rose yesterday breaking the medium bearish trend line approaching 1.4570 resistance level that coincide with 61.8% correction level for the bearish move from 1.4940 to 1.3968, as if this level held it will push down the pair to fall searching to retest a good support level such as 1.4455 that represent 50% correction level then 1.4340 that represent 38.2% correction level, but breaking up 1.4570 resistance will push the pair for further rising targeting 1.4711 resistance level that represent 76.4% correction level.

Res: 1.4474 1.4515 1.4583
Pivot: 1.4406
Sup: 1.4365 1.4297 1.4256

[/url]


[B]GBP/ USD[/B]

As it was expected through yesterday analysis, the pair succeeded to break the resistance level 1.6010 upside, this level was represent the top of the double bottom pattern, the pair continued rising during yesterday trades achieving the highest price at the level 1.6073, during the trades of the Asian session the pair succeeded to break the level 1.6073 to reach the level 1.6114 which represents the target of breaking out the pattern and represents 38.2% of fibonacci's correction level for the bearish move (from 1.6440 to 1.5913) this target coincides with the testing area of the bearish trendline for mid-term so it is expected that the pair will correct its last bullish wave by declining to re-test the support level 1.6010 but if the pair broke the bearish trendline and the level 1.6114 upside, it will rise for short-term targeting to reach the resistance level 1.6239.

Res: 1.6099 1.6138 1.6203
Pivot: 1.6034
Sup: 1.5995 1.5930 1.5891
[IMG][img]http://img105.herosh.com/2011/06/30/792005242.png[/url]


[B]USD/CHF[/B]

The USD/CHF pair didn't continue trading above the resistance level 0.8318 whereas it formed a top which gives a signal for a short-term bullish direction which forced the pair to get in the bearish channel again but it's observed that the pair is ready to break the resistance level 0.8318 which represents the channel's top border whereas it's expected during the next intraday trades that the pair will retest the resistance level 0.8356 and the stability above it which gives the chance for the pair to target the resistance level 0.8416.

This scenario depends on closing the pair a good close above the resistance level 0.8318.

Res: 0.8374 0.8407 0.8446
Pivot: 0.8335
Sup: 0.8302 0.8263 0.8230
[IMG][img]http://img105.herosh.com/2011/06/30/45511313.png[/url]


[B]USD/CAD[/B]

As observed in the chart that the pair was unable to move inside the bullish channel whereas the pair had left the bullish channel which has formed for the medium and short-terms, whereas yesterday's trades saw a sharp momentum declining till the pair broke the support level 0.9716 which represents the channel's lower border so a further drop is expected during the next intraday trades targeting the support level 0.9617 as the first target and the stability below this level which gives the chance on declining the pair to target the support level 0.9518 as the second target with remaining retesting the pair to the resistance level 0.9716.

This scenario depends on the pair's stability below the resistance level 0.9716.


Res: 0.9698 0.9718 0.9734
Pivot: 0.9682
Sup: 0.9662 0.9646 0.9626
[IMG][img]http://img105.herosh.com/2011/06/30/474933883.png[/url]


[B]AUD/USD[/B]

Yesterday, the pair succeeded to achieve more gains as it broke the resistance level 1.0600 which represents the top border of the bearish channel in which the pair was trading for near-term which led to pushing the pair upside breaking the resistance level 1.0710 to trade above it now so it is expected that the pair will continue rising targeting the resistance level 1.0805 as the target of breaking out this channel.

The stability of these expectations requires the stability of the support level 1.0710.

Res: 1.0737 1.0794 1.0904
Pivot: 1.0627
Sup: 1.0570 1.0460 1.0403
[ATTACH]1298.vB[/ATTACH]

 

[GIGFX]

Friday 1st of July 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair rose yesterday breaking the medium bearish trend line approaching 1.4570 resistance level that coincide with 61.8% correction level for the bearish move from 1.4940 to 1.3968, as if this level held it will push down the pair to fall searching to retest a good support level such as 1.4455 that represent 50% correction level then 1.4340 that represent 38.2% correction level, but breaking up 1.4570 resistance will push the pair for further rising targeting 1.4711 resistance level that represent 76.4% correction level.

The previous analyze remains

Res: 1.4549 1.4598 1.4659
Pivot: 1.4488
Sup: 1.4439 1.4378 1.4329

[/url]


[B]GBP/ USD[/B]

The pair formed the top that has been mentioned through the last analysis at the coinciding point of the bearish trendline with the resistance level 1.6114, the pair pushed from this top to re-test the near support levels, it was expected that the pair will form a bottom at the support level 1.6010 and this is what happened already whereas the pair is still trading above this level, during the last intraday trades the pair was trying to break up the bearish trendline to continue forming a corrective bullish direction targeting to break the resistance level 1.6114 with stability above it which means confirming this bullish move then the pair will continue rising targeting the next resistance levels 1.6176 and 1.6239.

The stability of these expectations requires the stability of the support level 1.6010.

Res: 1.6122 1.6193 1.6268
Pivot: 1.6047
Sup: 1.5976 1.5901 1.5830
[IMG][img]http://img105.herosh.com/2011/07/01/497889314.png[/url]


[B]USD/CHF[/B]

As mentioned yesterday that the pair reached all the mentioned targets after getting it out of the bearish channel during the medium and short-terms trades so it's expected that the pair will continue rising targeting the resistance level 0.8445 which represents 61% Fibonacci retracement correction level for the bearish direction which was unable to be stabile above it, the pair's ability to be stabile above this level; so it will continue rising targeting the resistance level 0.8485 which represents 76% from the same previous mentioned Fibonacci retracement correction levels and the stability above this level which gives the pair the chance to reach the level 0.8550 which is the pair's starting down point.

This scenario depends on closing the pair a good close above the resistance level 0.8554.

Res: 0.8476 0.8548 0.8634
Pivot: 0.8390
Sup: 0.8318 0.8232 0.8160
[IMG][img]http://img102.herosh.com/2011/07/01/533637845.png[/url]


[B]USD/CAD[/B]

As observed in the chart, yesterday's trades saw a further drop whereas the pair targeted yesterdays mentioned targets and also reached the support level 0.9617 and this is after getting it out from this bullish channel which formed it for the short and medium-terms whereas the pair is ready to break the support level 0.9617 so it's expected during the intraday levels that the pair will continue the bearish scenario targeting the support level 0.9518.

This scenario depends on closing the pair a good close below the support level 0.9617.

Res: 0.9681 0.9731 0.976
Pivot: 0.9652
Sup: 0.9602 0.9573 0.9523
[IMG][img]http://img105.herosh.com/2011/07/01/212248781.png[/url]


[B]AUD/USD[/B]

Yesterday analysis is still remaining as the pair Yesterday succeeded to achieve more gains as it broke the resistance level 1.0600 which represents the top border of the bearish channel in which the pair was trading for near-term which led to pushing the pair upside breaking the resistance level 1.0710 to trade above it now so it is expected that the pair will continue rising targeting the resistance level 1.0805 as the target of breaking out this channe, but any bullish positions are not recommended untill the pair still stable above the resistance level 1.0750

The stability of these expectations requires the stability of the support level 1.0710.

Res: 1.0757 1.0794 1.0840
Pivot: 1.0711
Sup: 1.0674 1.0628 1.0591
[ATTACH]1301.vB[/ATTACH]

 

[GIGFX]

Monday 4th of July 2011 GIGFX Technical Analysis Report

EUR/USD

The pair continued rising during the trades of the last week reaching the resistance level 1.4550 which represents 76.4% of fibonacci's correction level for the last mid-term bearish wave forming a gartley harmonic pattern, this level is important because it is supposed to be the end of this negative pattern this led to the expectation that if this level held against the pair testing it will reflect but any bullish position are no recommended until the pair broke the support level 1.4470 during today's intraday trades with stability below it, if this expectation confirmed the pair will decline targeting the support level 1.4290 which represents 61.87% of fibonacci's correction level for the wave CD.

The stability of these expectations requires the stability of the resistance level 1.4550.

Res: 1.4574 1.4619 1.4688
Pivot: 1.4505
Sup: 1.4460 1.4391 1.4346

[/url]


[B]GBP/ USD[/B]

The trades of the pair during the end of the last week were in a narrow range and reflect collecting a momentum that the pair will use it to form the upcoming direction, the next direction which tends to be bullish will be determined with the confirmation of breaking up the resistance level 1.6114 which represents 38.2% of fibonacci's correction level for the bearish move (From 1.6440 to 1.5913) then the pair will target the next resistance levels 1.6176 and 1.6239, but if the pair broke downside the support level 1.6010 it will continue declining targeting the support level 1.5913 again.

Res: 1.6113 1.6157 1.6220
Pivot: 1.6050
Sup: 1.6006 1.5943 1.5899
[IMG][img]http://img102.herosh.com/2011/07/04/884108066.png[/url]


[B]USD/CHF[/B]

After reaching the pair the mentioned targets since getting it out from the bearish channel but the pair didn't reach the resistance level 0.8550 which is the beginning point on forming this channel whereas the pair formed a reflective pattern during the previous week for the bullish direction whereas it closed below the resistance level 0.8487 which represents 76.4% Fibonacci retracement correction level for the bearish direction so it's expected during the intraday trades that the pair will continue declining targeting the support level 0.8445 which represents 61.8% from the same previous mentioned Fibonacci retracement correction level and if the pair is able to be stabile below this level so it will target the support level 0.8414 which represents 50.0% from the same previous mentioned Fibonacci retracement levels.

This scenario depends on the pair's stability below the resistance level 0.8478.

Res: 0.8535 0.8593 0.8661
Pivot: 0.8467
Sup: 0.8409 0.8341 0.8283
[IMG][img]http://img105.herosh.com/2011/07/04/642055839.png[/url]


[B]USD/CAD[/B]

The pair was able to reach the previous mentioned targets since getting it out from the bullish channel whereas the pair was also able to be stabile below the support level 0.9623 which represents 61.6% Fibonacci retracement correction level for the bullish direction so it's expected that the pair will continue declining targeting the support level 76.4% from the same mentioned Fibonacci retracement levels, and the stability below this level which will give the pair the preference to reach the support level 0.9445 which is the pair's starting point up.

This scenario depends on the pair's stability below the resistance level 0.9623.

Res: 0.963 0.9675 0.9701
Pivot: 0.9604
Sup: 0.9559 0.9533 0.9488
[IMG][img]http://img105.herosh.com/2011/07/04/232449185.png[/url]


[B]AUD/USD[/B]

As expected during last week trades end, the pair rose during it's trying to target the resistance level 1.0805 which is the targeted price to get out from this bearish channel which the pair was moving inside it for the short-term which has been approached to achieve this target immensely achieving the highest price during the previous Friday trades at 1.0788 then reflects from it down retesting the support level 1.0710.
Continuing the support level 1.0710 stability against it's trying the pair to break it means continuing this bullish wave for the short-term and also the pair's ability on trying reaching the resistance level 1.0805.
but in case of breaking the support level 1.0710 that means declaring ending this bullish wave for the short-term and declining the pair targeting the support level 1.0600 which coincides with retesting the bearish channel's top border.

Res: 1.0820 1.0862 1.0936
Pivot: 1.0746
Sup: 1.0704 1.0630 1.0588
[ATTACH]1304.vB[/ATTACH]

 

[onlyforwork]

Please give the analysis of EURJPY

Hi, Is it possible to give technical analysis of EURJPY also ?

 

[GIGFX]

Tuesday 5th of July 2011 GIGFX Technical Analysis Report

EUR/USD

The pair continued rising during the trades of the last week reaching the resistance level 1.4570 which represents 76.4% of fibonacci's correction level for the last mid-term bearish wave forming a Gartley harmonic pattern, this level is supposed to be the end of this negative pattern which coincides with 61.8% correction level for the bearish move from 1.4940 to 1.3968 leading the expectations for a possible declining that will be confirmed by breaking the support level 1.4455 represented by 50% correction level targeting 1.4340 represented by 38.2% correction, but if the pair was able to trade above 1.4570 level it will rise to target 1.4711 resistance that represents 76.4% correction level.

The stability of these expectations requires the stability of the resistance level 1.4570.

Res: 1.4579 1.4618 1.4660
Pivot: 1.4537
Sup: 1.4498 1.4456 1.4417

[/url]


[B]GBP/ USD[/B]

The pair registered the highest price of yesterday trades at the level 1.6138 whereas the pair continued rising for near-term trades, correcting its bearish move for near and mid-term trades, despite of the rising of the pair, it failed to close above the resistance level 1.6114 forming a top that pushed the pair to decline again to re-test the nearest support levels, the pair is targeting the support level 1.6010 after breaking the bottom border of the bullish channel which was forming its near-term trades. It is expected that if the pair succeeded to break the support level 1.6010 with stability below, it will decline targeting to re-test the support level 1.5913 again.

The stability of these expectations requires the stability of the resistance level 1.6114.

Res: 1.6129 1.6176 1.6214
Pivot: 1.6091
Sup: 1.6044 1.6006 1.5959
[IMG][img]http://img105.herosh.com/2011/07/05/522329782.png[/url]


[B]USD/CHF[/B]

Yesterday trades for the pair USD/CHF were in a confusion area that has been formed for near and mid-term trades between the support level 0.8470 which represents the bottom border of the confusion area and the resistance level 0.8500 which represents its top border, so if the pair broke the resistance level 0.8500 it will target the resistance level 0.8534 but if it broke the support level 0.8470 it will target the support level 0.8437.

Res: 0.8499 0.8520 0.8538
Pivot: 0.8481
Sup: 0.8460 0.8442 0.8421
[IMG][img]http://img102.herosh.com/2011/07/05/251063538.png[/url]


[B]USD/CAD[/B]

As it is noticed in this chart, the pair formed the inverted flag pattern which continues the bearish direction so it is expected to continue declining targeting the support level 0.9598 and if the pair broke this level it will target the support level 0.9560 and if it was able to be stable below this level it will target the support level 0.9520.

The stability of these expectations requires the stability of the pair below the support level 0.9598.

Res: 0.9623 0.9638 0.9661
Pivot: 0.9600
Sup: 0.9585 0.9562 0.9547
[IMG][img]http://img105.herosh.com/2011/07/05/617294436.png[/url]


[B]AUD/USD[/B]

The support level 1.0710 was unable to be stabile but retesting the price for it declined the pair during the Asian period then it was able to break the support level 1.0600 which coincides with retesting the bearish channel's top border which the price were moving inside it during the previous trades with remaining the probability of retesting the level 1.0710 as an important resistance level during the intraday trades.

This scenario depends on the stability of the resistance level 1.0710.

Res: 1.0773 1.0815 1.0846
Pivot: 1.0742
Sup: 1.0700 1.0669 1.0627
[ATTACH]1305.vB[/ATTACH]

 

[GIGFX]

Wednesday 6th of July 2011 GIGFX Technical Analysis Report

EUR/USD

As mentioned through the previous report that the EUR/USD pair continued rising during the trades of the last week reaching the resistance level 1.4570 which represents 76.4% of fibonacci's correction level for the last mid-term bearish wave forming a Gartley harmonic pattern, this level is supposed to be the end of this negative pattern which coincides with 61.8% correction level for the bearish move from 1.4940 to 1.3968 which reflected the bullish move leading the pair to fall facing 1.4455 level currently coinciding with 50% correction level, as if the pair was able to trade below this level it will continue falling targeting 1.4340 that coincide with 38.2% correction level, but if the pair traded above 1.4455 level it will continue rising in order to retest 1.4570 resistance.

Res: 1.4521 1.4614 1.4676
Pivot: 1.4459
Sup: 1.4366 1.4304 1.4211

[/url]


[B]GBP/ USD[/B]

It is noticed through this chart that the pair has reflected the formed confusion area during the last near-term trades, this confusion area formed through the rectangle pattern as the resistance level 1.6114 represents the top border and the support level 1.6010 represents the bottom border so it is expected that the pair will continue moving in the same direction of breaking any border of the rectangle pattern it means that if the pair broke the support level 1.6010 downside the pair will decline targeting the level 1.5913 which represents the target of the pattern in this bearish case, and if the pair broke the resistance level 1.6114 it will rise targeting the resistance level 1.6239 which represents the target of the pattern in this bullish case.

Res: 1.6127 1.6194 1.6263
Pivot: 1.6058
Sup: 1.5991 1.5922 1.5855
[IMG][img]http://img105.herosh.com/2011/07/06/280296805.png[/url]


[B]USD/CHF[/B]

During yesterday trades the pair was able to get out of the previous mentioned confined area trying to correct the bullish direction whereas the pair achieved yesterday targets so it's expected that the pair will continue declining targeting the support level 0.8399 which represents 61.8% Fibonacci retracement correction level for the bullish direction and the stability below it which gives the chance for the pair to continue declining targeting the support level 0.8334 which represents 76.4% from the same previous mentioned Fibonacci retracement levels but the pair must close a good close below the support level 0.8399 which represents 50.0% from the same previous mentioned Fibonacci retracement levels.


Res: 0.8479 0.8553 0.8601
Pivot: 0.8431
Sup: 0.8357 0.8309 0.8235
[IMG][img]http://img105.herosh.com/2011/07/06/664566498.png[/url]


[B]USD/CAD[/B]

As observed in the chart that, the USD/CAD pair is trading inside the bullish channel, the pair is raising a relative rise trying to correct the bearish direction so it's expected that the pair will continue rising targeting the resistance level 0.9651 which coincides at it the channel's top border with 23.6%^Fibonacci retracement correction level for he bearish direction and breaking this level gives the pair the chance to continue rising to target the 0.9696 level which represents 38.2% from the same previous mentioned Fibonacci retracement levels with the probability of retesting the support level 0.9604 which represents the channel's top border.

This scenario depends on the stability of the pair above the support level 0.9604.

Res: 0.9649 0.9668 0.9697
Pivot: 0.9620
Sup: 0.9601 0.9572 0.9553
[IMG][img]http://img105.herosh.com/2011/07/06/642534701.png[/url]


[B]AUD/USD[/B]

The last bullish move is weakening for near-term trades and intraday levels whereas the pair formed a head and shoulders pattern which reflects this bullish move and if the price succeeded to complete this pattern by breaking the support level 1.0660 which represents the neckline of the pattern it will decline targeting the support level 1.0600 followed by the support level 1.0545.

The stability of these expectations requires the stability of the resistance level 1.0730.

Res: 1.0735 1.0781 1.0817
Pivot: 1.0699
Sup: 1.0653 1.0617 1.0571
[ATTACH]1308.vB[/ATTACH]

 

[GIGFX]

Thursday 7th of July 2011 GIGFX Technical Analysis Report

EUR/USD

As mentioned through the previous report that the EUR/USD pair continued rising during the trades of the last week reaching the resistance level 1.4570 forming a Gartley harmonic pattern, this level is supposed to be the end of this negative pattern which coincides with 61.8% correction level for the bearish move from 1.4940 to 1.3968 which reflected the bullish move leading the pair to fall trading below 1.44555 level to cause more falling for the pair to achieve the expected target for the bearish move below 1.4340 level coinciding with 61.8% correction level for the last bullish move from 1.4104 to 1.4577, the pair may rise in order to retest appropriate resistance level such 1.4455 level which with it stability it will push the pair to break down 1.4340 level targeting 1.4200 support that coincide with 23.6% correction level for the main bearish move for the long trades.

Res: 1.4427 1.4536 1.4607
Pivot: 1.4356
Sup: 1.4247 1.4176 1.4067

[/url]


[B]GBP/ USD[/B]

Yesterday trades and the last intraday trades saw breaking the pair to the bottom border of the rectangle pattern to continue its mid-term bearish direction, it is expected during the upcoming trades that the pair will continue declining targeting the support level 1.5913 which represents the target of the rectangle pattern but under the condition of holding the level 1.6010 which became a resistance level after its breaking downside, today, some important data will be released for the rate statements so it is expected that the trades will be confusing before the release moment and will collect a momentum to use it to form the upcoming direction.

Res: 1.6079 1.6155 1.6221
Pivot: 1.6013
Sup: 1.5937 1.5871 1.5795
[IMG][img]http://img105.herosh.com/2011/07/07/635840539.png[/url]


[B]USD/CHF[/B]

As observed in the chart that the pair is trading through the previous medium and short-terms inside the bearish channel whereas the pair is continuing declining targeting the support level 0.8372 which represents 61.8% Fibonacci retracement correction level for the bullish direction as the first target and the stability below this level which will force the pair to continue declining targeting the support level 0.8331 which coincides at it the channel's lower border with 76.4% from the same previous mentioned Fibonacci retracement correction levels.

This scenario depends on the stability of the pair below the resistance level 0.8400 which coincides at it the channel's top border with 38.2% from the same previous mentioned Fibonacci retracement correction levels.

Res: 0.8436 0.8479 0.8515
Pivot: 0.84
Sup: 0.8357 0.8321 0.8278
[IMG][img]http://img105.herosh.com/2011/07/07/781422045.png[/url]


[B]USD/CAD[/B]

As it was mentioned yesterday, the pair continued rising breaking the resistance level 0.9649 which coincides with the top border of the channel and 23.6% of fibonacci's correction level for the bearish direction then it targeted the resistance level 0.9699 which represents 38.2% of fibonacci's correction level but it was unable to hold steady below it and re-tested the support level 0.9649 so it is expected that the pair will try to re-test the resistance level 0.9699 which represents 38.2% of fibonacci's correction level and if the pair was able to be stable above that level it will target the resistance level 0.9740 which represents 50.0% of fibonacci's correction level.

The stability of these expectations requires the stability of the pair above the resistance level 0.9649.

Res: 0.9666 0.9673 0.9685
Pivot: 0.9654
Sup: 0.9647 0.9635 0.9628
[IMG][img]http://img105.herosh.com/2011/07/07/16134491.png[/url]


[B]AUD/USD[/B]

Although the pair achieved some gains after rising again re-testing the resistance level 1.0745 so the expected scenario is to form a composite head and shoulders pattern, but it is not recommended to have any bearish positions until the pair broke the neckline of this pattern bu breaking the support level 1.0655 followed by the support level 1.0600 as the first target of this formed pattern and then it will target the support level 1.0545.

The stability of these expectations requires the stability of the resistance level 1.0745.

Res: 1.0736 1.0773 1.0814
Pivot: 1.0695
Sup: 1.0658 1.0617 1.0580
[ATTACH]1311.vB[/ATTACH]

 

[GIGFX]

Friday 8th of July 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair fell yesterday reaching the important support level 1.4290 that represents 61.8% correction level for the CD wave for the formed harmonic pattern that reflected down the price to this level passing it to register 1.4221 as its lowest price for the yesterday trades, to close the trades above this level leading the expectations for the pair to continue rising during the intraday trades targeting the resistance level 1.4397 with a good chance that the pair may retest the support level 1.4290.

This analyze requires the stability of the support level 1.4290


Res: 1.6079 1.6155 1.6221
Pivot: 1.4319
Sup: 1.4264 1.4166 1.4111

[/url]



[B]GBP/ USD[/B]

Yesterday trades were in a narrow range reflects the collecting of the needed momentum which the pair will use it to form the upcoming direction, it was expected that the pair will decline till the support level 1.5913 which represents the target of the rectangle pattern but it is noticed that the pair was unable to break the support level 1.5945 as it formed more than one bottom at this level with the existence of a positive divergence that reflects the bearish direction, it is expected that the pair will respond to the negative signs and will begin to form a corrective bullish direction that will be confirmed by breaking the resistance level 1.6010 upside then it will target to reach the level 1.6114 again.
The stability of these expectations requires the stability of the support level 1.5945.

Res: 1.6011 1.6050 1.6083
Pivot: 1.5978
Sup: 1.5939 1.5906 1.5867
[IMG][img]http://img105.herosh.com/2011/07/08/17673791.png[/url]



[B]USD/CHF[/B]

As it is noticed through this chart, the pair is about to break the resistance level 0.8455 which represents the top border of the channel, if the pair closed above this level it will target the resistance level 0.8524 trying to form a new top.
But if the pair held below the resistance level 0.8445 it will target the support level 0.8428 which represents 38.2% of fibonacci's correction level for the bullish direction and if the pair held below this level it will continue declining targeting the support level 0.8397 which represents 50.0% of fibonacci's correction level followed by the support level 0.9363 which represents 61.8% of the same fibonacci's correction level.


Res: 0.8498 0.8553 0.8613
Pivot: 0.8438
Sup: 0.8383 0.8323 0.8268
[IMG][img]http://img102.herosh.com/2011/07/08/600990542.png[/url]




[B]USD/CAD[/B]
The USD/CSD pair is facing the support level 0.9577 without forming a new bottom during the previous trades, to lead the expectations for the pair to continue falling targeting the support level 0.9545 that represents 127% continuous level for the bullish direction, and the stability of the pair below this level will give the chance for the pair to reach the support level 0.9508 that represents 161.8% continuous level then 0.9463 that represents 200% continuous level.
This analyze requires a good close below the support level 0.9577.


Res: 0.9643 0.9703 0.9741
Pivot: 0.9605
Sup: 0.9545 0.9507 0.9447
[ATTACH]1313.vB[/ATTACH]




[B]AUD/USD[/B]
The pair continued its bullish movement during the last two days reaching the important resistance level 1.0780 to retest it for the third time during the previous medium trades, passing this level will push the pair to target the resistance level 1.0825 then 1.0870, put this look needs a good close above the mentioned resistance level, but if this resistance held it will push the pair down as happened during the previous two times to target then the support level 1.0695 as the first target for the falling process.
So the buying operation is not recommended unless the breaking of the resistance level 1.0780 with a good close above it.


Res: 1.0807 1.0840 1.0901
Pivot: 1.0746
Sup: 1.0713 1.0652 1.0619
[ATTACH]1312.vB[/ATTACH]

 

[GIGFX]

Monday 18th of July 2011 GIGFX Technical Analysis Report

EUR/USD

As it was expected through the last analysis, the pair declined targeting the support level 1.4030 at which the formed harmonic pattern for near-term ends expecting more declining during today's intraday trades targeting the support level 1.3940 with the probability of re-testing the resistance level 1.4120 so it is not recommended to have bearish positions until the pair break the support level 1.4030 with stability below it.

The stability of these expectations requires the stability of the resistance level 1.4120.

Res: 1.4206 1.4255 1.4312
Pivot: 1.4149
Sup: 1.4100 1.4043 1.3994

[/url]


[B]GBP/ USD[/B]

As observed in the chart that, the GBP/USD pair is forming the Flag bullish direction complement pattern for the short-term, forming this pattern came to confirm the bullish direction strength, confirming breaking up the pattern's top border is still remaining with breaking the resistance level 1.6190 then the presence of the pattern will be confirmed, the pair will had a bullish target price for the pattern, so with the broking confirmation; the pair will initially continue rising till the level 1.6280.

This bullish scenario depends on the pattern's lower border stability and also the support level 1.6050 stability.

Res: 1.6177 1.6226 1.6277
Pivot: 1.6126
Sup: 1.6077 1.6026 1.5977
[IMG][img]http://img105.herosh.com/2011/07/18/347406648.png[/url]


[B]USD/CHF[/B]

As it is noticed through this chart, the pair at the beginning of the asian markets session formed a second bottom which suggested that the pair will form a double bottom reversal pattern as the pair now is targeting to rise to target the resistance level 0.8185 which represents the bass line of this pattern so if the pair succeeded to break that level with stability below it the pair will continue rising targeting the resistance level 0.8239 and if the pair held stable above this level it will target the resistance level 0.8289.

The stability of these expectations requires the stability of the pair above the resistance level 0.8185.

Res: 0.8171 0.8216 0.8241
Pivot: 0.8146
Sup: 0.8101 0.8076 0.8031
[IMG][img]http://img102.herosh.com/2011/07/18/602518645.png[/url]


[B]USD/CAD[/B]

The CAD/USD pair was unable to break the support level 0.9518 whereas it reflected up from this point with beginning the Asian period trying to correct the last bearish direction whereas the pair now is facing the tipping point at the resistance level 0.9577 which represents 23.6% Fibonacci retracement correction level for the bearish direction trying to break that whereas the pair's ability on closing above this level which the strong chance on targeting the resistance level which represents 38.2% from the same previous mentioned Fibonacci retracement levels and the stability above this level will be for the pair which also gives the chance for the pair to target the resistance level 0.9645 which represents 50.0% from the same previous mentioned Fibonacci retracement levels.

This scenario depends on closing the pair a good close above the resistance level 0.9577.

Res: 0.9604 0.9664 0.9707
Pivot: 0.9561
Sup: 0.9501 0.9458 0.9398
[IMG][img]http://img105.herosh.com/2011/07/18/568728073.png[/url]


[B]AUD/USD[/B]

During yesterday trades, the AUD/USD pair succeededto break the level 1.0700 that represents 23.6% correction level for the bullish direction from 1.0390 to 1.0796 then 1.0641 represented by 38.2% correction level, reaching below 1.0593 that represents 50% correction level, if the pair was able to trade below this level it will fall targeting 1.0545 level that represents 61.8% correction level with a chance that the pair may retest 1.0641 level.

The stability of these expectations requires the stability of the resistance level 1.0641

Res: 1.0728 1.0800 1.0855
Pivot: 1.0673
Sup: 1.0601 1.0546 1.0474
[ATTACH]1322.vB[/ATTACH]

 

[GIGFX]

Tuesday 19th of July 2011 GIGFX Technical Analysis Repor

EUR/USD

During yesterday trades the EUR/USD pair formed a new bottom at the support level 1.4015 to near from forming the Gartley harmonic pattern which is moving now inside the last CD pattern's wave which is targeting the resistance level 1.4460 to end the pattern at this level but the resistance level 1.4280 which represents the pattern's B point with a good close must be broken before achieving this scenario.

This scenario depends on the support level 1.4015 stability.

Res: 1.4158 1.4205 1.4277
Pivot: 1.4086
Sup: 1.4039 1.3967 1.3920

[/url]


[B]GBP/ USD[/B]

Yesterday trades saw declining the sterling against the U.S dollar, this declining represents the bearish corrective wave for the bullish wave (From 1.5719 to 1.6190), the pair continued declining till the support level 1.6035 which represents 38.2% of fibonacci's correction level for the same bullish wave and formed a bullish bottom at this level expecting to rise from it to re-test the near resistance levels such as the level 1.6120 which with its breaking upside means more rising till the level 1.6190, remaining the formed bottom at the level 1.6035 means the probability of forming a mid-term bullish channel, breaking the support level 1.6035 downside means the falseness of this probability and thus the pair will decline targeting the support level 1.5913.

Res: 1.6124 1.6192 1.6252
Pivot: 1.6064
Sup: 1.5996 1.5936 1.5868
[IMG][img]http://img105.herosh.com/2011/07/19/951763466.png[/url]


[B]USD/CHF[/B]

The USD/CHF pair is rising during the current trades trying to break the resistance level 0.8200 which may push the pair up to target 0.8305 resistance level as in the yesterday expectations, this rising came as a result for the stability of the support level 0.8085 in a bearish movement for the previous trades for both long and medium periods, but in case the pair traded back below 0.8200 level it will fall to retest 0.8085 support level.

Res: 0.8217 0.8258 0.8323
Pivot: 0.8152
Sup: 0.8111 0.8046 0.8005
[IMG][img]http://img105.herosh.com/2011/07/19/664617851.png[/url]


[B]USD/CAD[/B]

During yesterday trades the USD/CAD pair rose whereas it reached the first previous mentioned targets at the resistance level 0.9613 which represents 38.2% Fibonacci retracement correction level for the bearish direction but if the pair stabile above this level, in spite of that; it's expected that the pair will continue rising during the intraday trades by retesting the resistance level 0.9613 which represents 38.2% from the same previous mentioned Fibonacci retracement correction levels and the stability above this level which gives the pair the chance to continue rising targeting the resistance level 0.9645 which represents 50.0% from the same previous mentioned Fibonacci retracement correction levels.

This scenario depends on the stability of the pair above the support level 0.9577.

Res: 0.9639 0.9686 0.9739
Pivot: 0.9586
Sup: 0.9539 0.9486 0.9439
[IMG][img]http://img105.herosh.com/2011/07/19/755078030.png[/url]


[B]AUD/USD[/B]

During yesterday trades, the AUD/USD pair succeeded to rise after it failed to break down 50% correction level for the bullish direction from 1.0390 to 1.0796, which pushed the pair to target 38.2% correction level as the rising expected target, as if the pair succeeded to trade above this level it will target 1.0700 level represented by 23.6% correction level, with a chance that the pair may retest 1.0593 level that represent 38.2% correction level.

The stability of these expectations requires the breaking of the resistance level 1.0641 represented by 38.2% correction level.

Res: 1.0652 1.0699 1.0745
Pivot: 1.0606
Sup: 1.0559 1.0513 1.0466
[ATTACH]1324.vB[/ATTACH]

 

[GIGFX]

Wednesday 20th of July 2011 GIGFX Technical Analysis Report

EUR/USD

During yesterday trades the EUR/USD pair formed a new bottom at the support level 1.4015 to near from forming the Gartley harmonic pattern which is moving now inside the last CD pattern's wave which is targeting the resistance level 1.4460 to end the pattern at this level but the resistance level 1.4280 which represents the pattern's B point with a good close must be broken before achieving this scenario.
So it is not recommended to have bullish positions until the pair break the resistance level 1.4280 with stability above it.

This scenario depends on the support level 1.4015 stability.

Res: 1.4225 1.4295 1.4373
Pivot: 1.4147
Sup: 1.4077 1.3999 1.3929

[/url]


[B]GBP/ USD[/B]

As it was expected through yesterday analysis, the pair continued rising supported by the formed bullish bottom around the support level 1.6004 whereas the pair succeeded to break the resistance level 1.6120 which represents 61.8% of fibonacci's correction level for the bullish wave (from 1.5781 to 1.6190), the pair continued rising till reached the next resistance level at 1.6148 to register the highest price at 1.6167 without closing above the level 1.6148 to form a top at this area in a sign to reflect declining again to re-test the near support level.
It is expected that, the pair will continue declining to test the support level 1.6076 which coincides with the near-term bullish trendline, if the pair succeeded to break this level downside the pair will decline for near and mid-term trades which will be confirmed by breaking the support level 1.6004 downside then the pair will target the support level 1.6190.

The stability of these expectations requires the stability of the resistance level 1.6190.

Res: 1.6186 1.6249 1.6323
Pivot: 1.6112
Sup: 1.6049 1.5975 1.5912
[IMG][img]http://img105.herosh.com/2011/07/20/223476053.png[/url]


[B]USD/CHF[/B]

The USD/CHF pair is rising during the current trades trying to break the resistance level 0.8200 which may push the pair up to target 0.8305 resistance level as in the previous expectations, this rising came as a result for the stability of the support level 0.8085 in a bearish movement for the previous trades for both long and medium periods, but in case the pair traded back below 0.8200 level it will fall to retest 0.8085 support level.

The previous analyze remains

Res: 0.8294 0.8348 0.8419
Pivot: 0.8223
Sup: 0.8169 0.8098 0.8044
[IMG][img]http://img105.herosh.com/2011/07/20/988103184.png[/url]


[B]USD/CAD[/B]

As observed in chart that, the USD/CAD pair is trading inside the reflective bearish wedge pattern whereas the pair now is at the support level 0.9485 which represents the wedge's lower border so it's expected that the pair will rise up trying to test the resistance level 0.9572 which represents the channel's top border and the pair's ability on breaking this level so the pair will continue the bullish scenario targeting the resistance level 0.9658 then the resistance level 0.9742.

This scenario depends on the stability of the pair above the support level 0.9485.


Res: 0.9572 0.9646 0.9692
Pivot: 0.9526
Sup: 0.9452 0.9406 0.9332
[IMG][img]http://img105.herosh.com/2011/07/20/399780843.png[/url]


[B]AUD/USD[/B]

During the previous trades, the AUD/USD pair succeededto rise after it failed to break down 50% correction level for the bullish direction from 1.0390 to 1.0796 around 1.0700 price, to form a top at 1.0749 level that may push down the pair may fall to retest 1.0700 level again, which if held it will push up the pair to rise targeting the previous top at 1.0796 price, but trading below this level may push down the pair to target 23.6% correction level at 1.0641 price.

Res: 1.0781 1.0831 1.0922
Pivot: 1.0690
Sup: 1.0640 1.0549 1.0499
[ATTACH]1325.vB[/ATTACH]

 

[GIGFX]

Thursday 21st of July 2011 GIGFX Technical Analysis Report

EUR/USD

The pair succeeded to reach the resistance level 1.4281 during the last trades and also to form a new bottom at the support level 1.4015 forming gartley harmonic pattern which is moving in the range of the last wave CD that targets the resistance level 1.4460 to end the pattern at this level but under the condition of breaking the resistance level 1.4281 which represents the point B above it, it is expected for the near-term trades that the pair will target the resistance level 1.4380 before reaching the resistance level 1.4460 but if the level 1.4281 held it is expected to decline targeting to re-test the support level 1.4110.

Res: 1.4257 1.4300 1.4362
Pivot: 1.4195
Sup: 1.4152 1.4090 1.4047

[/url]


[B]GBP/ USD[/B]

The GBP/USD pair is still moving inside the short-term bullish channel, whereas yesterday trades saw forming a new bullish bottom at the support level 1.6076 coinciding area with the channel's lower border; the pair used this bottom to rise up again which this bullish move started since beginning the last intraday trades till it tested the resistance level 1.6190, this level represents a strong resistance border against continuing rising, therefore in order of continuing the pair rising; so this level must be broken up with a good close above it, then the pair will reach the next resistances levels at 1.6243, 1.6308 which represents 127% , 161.8% Fibonacci retracement correction level for the bearish direction (from 1.6190 to 1.6004).

This scenario depend son the stability of the support level 1.6148.

Res: 1.6190 1.6227 1.6288
Pivot: 1.6129
Sup: 1.6092 1.6031 1.5994
[IMG][img]http://img102.herosh.com/2011/07/21/504166949.png[/url]


[B]USD/CHF[/B]

The USD/CHF pair is trying during the current trades to retest the level 0.8200 which if held it may push the pair up to target 0.8305 resistance level as in the previous expectations, but in case the pair traded back below 0.8200 level it will end the corrective rising to fall to targeting 0.8085 support level as the falling process 1ST target.

Res: 0.8241 0.8287 0.8319
Pivot: 0.8209
Sup: 0.8163 0.8131 0.8085
[IMG][img]http://img102.herosh.com/2011/07/21/599512035.png[/url]


[B]USD/CAD[/B]

As observed in chart that, the USD/CAD pair is trading inside the reflective bearish wedge pattern whereas the pair now is at the support level 0.9436 which represents the wedge's lower border so it's expected that the pair will rise up trying to test the resistance level 0.9572 which represents the channel's top border and the pair's ability on breaking this level so the pair will continue the bullish scenario targeting the resistance level 0.9658 then the resistance level 0.9742.

This scenario depends on the stability of the pair above the support level 0.9436.

Res: 0.9505 0.9537 0.9562
Pivot: 0.948
Sup: 0.9448 0.9423 0.9391
[IMG][img]http://img102.herosh.com/2011/07/21/498197562.png[/url]


[B]AUD/USD[/B]

During the previous trades, the AUD/USD pair failed to break 1.0749 resistance level to fall from this level retesting 1.0700 level that coincided with 23.6% correction level for the bullish direction from 1.0390 to 1.0796, the stability of this level will push the pair to rise back trying to break 1.0749 level in order to target 1.0796 resistance level, but in case the pair traded below this level it may target 38.2% correction level around 1.0641 price.

Res: 1.0767 1.0788 1.0817
Pivot: 1.0738
Sup: 1.0717 1.0688 1.0667
[ATTACH]1327.vB[/ATTACH]

 

[GIGFX]

Friday 22nd of July 2011 GIGFX Technical Analysis Report

EUR/USD

Yesterday, EUR/USD pair succeeded to achieve more gains after breaking the resistance level 1.4280 which represents the point B for the previously mentioned Gartley harmonic pattern then continued rising ending the pattern by completing the wave CD which is supposed to target the resistance level 1.4460, indeed, the pair is about to reach this level, so it is not recommended to have bullish positions until the pair breaks the resistance level 1.4660 with stability above it to target then the resistance level 1.4555.

It is important to notice that there is a possibility to begin a corrective move for the bullish direction for near-term if the resistance level 1.4460 held to re-test at then the level 1.4280.

Res: 1.4525 1.4626 1.4819
Pivot: 1.4332
Sup: 1.4231 1.4038 1.3937

[/url]


[B]GBP/ USD[/B]

As expected in yesterday's report, GBP/USD pair was able to break up the resistance level 1.6190 to continue forming bullish directions on the short and medium-terms, the pair also was able to break the resistance level 1.6243 which represents 127% Fibonacci retracement continuous level for the bearish direction (from 1.6190 to 1.6004) to continue rising till reached the next resistance level at 1.6308 achieving the highest price for yesterday's trades at 1.6332, it is expected that the pair will continue rising but only if the level 1.6332 was broken, then the pair will target the resistance level 1.6380, failure in breaking this level will push the pair to retest the level 1.6243 which became a support level after breaking it up.

Res: 1.6400 1.6472 1.6612
Pivot: 1.6260
Sup: 1.6188 1.6048 1.5976
[IMG][img]http://img105.herosh.com/2011/07/22/909188184.png[/url]


[B]USD/CHF[/B]

The USD/CHF pair formed a bottom at 0.8135 level after it fell from 0.8270 resistance level, to rise from this level during the current trades which may lead the pair to retest 0.8270 resistance level, and if the pair passed this level it will target 0.8340 resistance, but the stability of 0.8270 resistance will push the pair to fall targeting the support level 0.8135 then 0.8085.

Res: 0.8211 0.8273 0.8310
Pivot: 0.8174
Sup: 0.8112 0.8075 0.8013
[IMG][img]http://img105.herosh.com/2011/07/22/772030443.png[/url]


[B]USD/CAD[/B]

As observed in the chart, the USD/CAD pair is trading inside a bearish channel which was formed on the medium and short-terms; it's expected that the pair will rise during the intraday trades targeting the resistance level 0.9540 which represents the channel's top border and the breaking ofthis border with stability above it; the pair will target the support level 0.9611 and the stability above this level will give the chance for the pair to target the resistance level 0.9680.

This scenario depends on the pair's stability above the support level 0.9397.

Res: 0.9468 0.9514 0.9537
Pivot: 0.9445
Sup: 0.9399 0.9376 0.9330
[IMG][img]http://img105.herosh.com/2011/07/22/883691642.png[/url]


[B]AUD/USD[/B]

During the previous trades, the AUD/USD pair fell tohave a good support from 1.0700 level to rise breaking 1.0796 resistance level reaching 1.0855 resistance level currently, if the pair was able to pass this level it will target 1.0905 resistance level, but if 1.0855 level held it will push down the pair to fall in order to retest the nearest supports such as 1.0796.

Res: 1.0898 1.0957 1.1060
Pivot: 1.0795
Sup: 1.0736 1.0633 1.0574
[ATTACH]1328.vB[/ATTACH]

 

[GIGFX]

Monday 25th of July 2011 GIGFX Technical Analysis Report

EUR/USD

The bullish direction is still dominant on EUR/USD pair for the short-term trades, the resistance level 1.4400 which represents 76.4% Fibonacci retracement correction level for the medium-term last bearish wave is still stable against testing the pair for it, reflecting the pair down is noticed expecting for it a further corrective drop during the intraday trades targeting the support level 1.4295 which represents 61.8% from the same previous mentioned Fibonacci retracement correction levels before completing the short-term bullish direction.
So it's recommended, not to enter any buying operations for the EUR/USD pair but only in case of breaking the resistance level 1.4400 which with breaking it and having a good close above it, the resistance level 1.4520 will be targeted.

Res: 1.4426 1.4489 1.4540
Pivot:1.4375
Sup: 1.4312 1.4261 1.4198

[/url]


[B]GBP/ USD[/B]

As it is noticed through this chart, the GBP/USD pair is unable to break the resistance level 1.6430 to form the second consecutive top at the same level, this is one of the conditions of existing the double bottom pattern that shifts the bullish direction, the support level 1.6263 represents the base of the pattern and the pair should break this level downside to confirm existing the double bottom pattern and if the pair succeeded to break that level it will continue declining targeting the support level 1.6192 which represents the target of the pattern.

The stability of these expectations requires the stability of the resistance level 1.6340.

Res: 1.6337 1.6376 1.6413
Pivot: 1.6300
Sup: 1.6261 1.6224 1.6185
[IMG][img]http://img105.herosh.com/2011/07/25/17955071.png[/url]


[B]USD/CHF[/B]

The USD/CHF pair was able to fall passing 0.8135 level after it fell from 0.8270 resistance level to face the support level 0.8085 which if the pair passed it down it will target the support level 0.7970 but if 0.8085 support held it will push the pair to rise again to retest 0.8135 resistance then 0.8270 resistance level.

Res: 0.8241 0.8294 0.8341
Pivot: 0.8194
Sup: 0.8141 0.8094 0.8041
[IMG][img]http://img105.herosh.com/2011/07/25/262345692.png[/url]


[B]USD/CAD[/B]

As it is noticed through this chart, the USD/CAD pair is still moving inside a bearish channel for near and mid-term trades, it achieved the mentioned target in the last analysis at the end of the last week trades at the resistance level 0.9521 which represents the top border of the channel so, if the pair succeeded to break this level with stability above it it will target the resistance level 0.9609 and if the pair succeeded to be stable above this level it will target the resistance level 0.9690.
But if the pair failed to break the resistance level 0.9521 it will reflect to re-test the support level 0.9420 followed by the support level 0.9372.

Res: 0.9531 0.9581 0.9634
Pivot: 0.9478
Sup: 0.9428 0.9375 0.9631
[IMG][img]http://img105.herosh.com/2011/07/25/74115996.png[/url]


[B]AUD/USD[/B]

During the previous trades, the AUD/USD pair could not break the resistance level 1.0855 to fall from this level targeting 1.0769 support level in order to retest it coinciding with the bullish trend line for the past short periods, if the pair was able to hold below the mentioned supports it will fall targeting the support 1.0700, but if this supports held it will push the pair to rise retesting 1.0855 resistance which if the pair passed it the pair will target the resistance level 1.0905.

Res: 1.0876 1.0901 1.0929
Pivot: 1.0848
Sup: 1.0823 1.0795 1.0770
[ATTACH]1334.vB[/ATTACH]

 

[GIGFX]

Tuesday 26th of July 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD broke the resistance level 1.4400 in today's trades which represents 76.4% Fibonacci retracement correction level for the last bearish wave for the medium-term as what was mentioned yesterday which pushed the pair to reach the resistance level 1.4520 which is it's first target for this breaking, so a further rise is expected during the intraday trades targeting the resistance level 1.4575 and this level is the medium-term bearish wave beginning point.

This scenario depends on the stability of the support level 1.4400.

Res: 1.4420 1.4464 1.4512
Pivot: 1.4372
Sup: 1.4328 1.4280 1.4236

[/url]


[B]GBP/ USD[/B]

The GBP/USD tried to break the resistance level 1.6263 downside during yesterday trades, this level represents the base of the expected double top pattern, the pair formed more than one bottom above this level which changes the expected double top pattern into a confusion area, during the last trades the pair was trying to break upside the resistance level 1.6340 which represents the top boarder of the confusion area, breaking this area upside means more rising targeting the level 1.6380 followed by 1.6420, today, a british data will be released and will determine the next direction for the pair however, breaking the support level 1.6263 means more declining targeting the support level 1.6192.

Res: 1.6325 1.6375 1.6407
Pivot: 1.6293
Sup: 1.6243 1.6211 1.6161
[IMG][img]http://img102.herosh.com/2011/07/26/731717021.png[/url]


[B]USD/CHF[/B]

The USD/CHF pair was able to fall previously after the stability of the resistance level 0.8270 which pushed the pair to fall breaking a lot of the supports ending with 0.8085 level, confirming the dominating of the bearish direction for the medium and long trades making the next target for the pair is the support level 0.7970 then 0.7880, which requires the stability of the pair below 0.8085 resistance level.

Res: 0.8136 0.8213 0.8271
Pivot: 0.8078
Sup: 0.8001 0.7943 0.7866
[IMG][img]http://img105.herosh.com/2011/07/26/575157878.png[/url]


[B]USD/CAD[/B]

The USD/CAD pair was unable to break the resistance level 0.9521 which represents the top border of the channel and reflected downside targeting the support level 0.9420 which has been mentioned through the last analysis, if the pair broke this level it will continue declining targeting the support level 0.9333 which represents the bottom border of the channel.
But if the pair failed to break that level it will reflect upside in order to re-test the resistance level 0.9521 which represents the top border of the channel.

Res: 0.9517 0.9565 0.9607
Pivot: 0.9475
Sup: 0.9427 0.9385 0.9337
[IMG][img]http://img102.herosh.com/2011/07/26/690807316.png[/url]


[B]AUD/USD[/B]

During the previous trades, the AUD/USD pair was able to rise previously after it traded between 1.0796 and 1.0875 levels, the stability of the support level 1.0796 pushed the pair to break 1.0875 level making the pair next target 1.0950 resistance level and if the pair was able to pass this level it will target 1.1035 resistance, with a chance that the pair might retest 1.0875 support level, and if the pair traded below this level it will fall to retest 1.0796 support.

This scenario depends on the stability of the support level 1.0875

Res: 1.0880 1.0918 1.0961
Pivot: 1.0837
Sup: 1.0799 1.0756 1.0718
[ATTACH]1336.vB[/ATTACH]

 

[GIGFX]

Wednesday 27th of July 2011 GIGFX Technical Analysis Report

EUR/USD

The bullish direction is still dominant on the EUR/USD pair direction for the short-term and the intraday levels; the price action is forming the reversal bullish direction wedge pattern therefore be careful for any bullish operations for the pair only in case of breaching of the resistance level 1.4530 which could be able to have a good close above, so it will immediately target the resistance level 1.4575.
but in case of the pattern's stability against the price movement and declining the pair down with breaching the support level 1.4400, this indicates a beginning of a new period for the price movement downwards targeting the support level 1.4295 as it's first target for this formed pattern.

Res: 1.4570 1.4631 1.4737
Pivot: 1.4464
Sup: 1.4403 1.4297

[/url]


[B]GBP/ USD[/B]

The GBP/USD pair succeeded to break the resistance level 1.6340 which represents the top border of the confusion area that was mentioned in the last analysis, the pair continued rising till reached the target of breaking out the confusion area by reaching the level 1.6420 registering the highest price during yesterday trades at 1.6427, during the Asian session trades the pair registered a higher price at the level 1.6438 at which the price coincides with the top border of the expected bullish wedge pattern, the stability of the level 1.6438 during the upcoming trades means declining the pair to re-test the bottom border of the pattern coinciding with testing the support level 1.6340, the confirmation of breaking the bottom border means the beginning of a corrective bearish direction targeting the level 1.6187.

The stability of these expectations requires the stability of the resistance level 1.6438.

Res: 1.6466 1.6527 1.6628
Pivot: 1.6365
Sup: 1.6304 1.6203 1.6142
[IMG][img]http://img102.herosh.com/2011/07/27/668832663.png[/url]


[B]USD/CHF[/B]

The USD/CHF pair was able to fall previously after the stability of the resistance level 0.8270 which pushed the pair to fall breaking a lot of the supports ending with 0.8085 level, confirming the dominating of the bearish direction for the medium and long trades making the next target for the pair is the support level 0.7970 then 0.7880, which requires the stability of the pair below 0.8085 resistance level.

The previous analyze remains

Res: 0.8055 0.8097 0.8126
Pivot: 0.8026
Sup: 0.7984 0.7955 0.7913
[IMG][img]http://img105.herosh.com/2011/07/27/108713754.png[/url]


[B]USD/CAD[/B]

The USD/CAD pair is still trading inside a bearish channel whereas it reached the support level 0.9420 during yesterday trades and broke it but it was unable to hold steady below it so it is expected that the pair will rise targeting the resistance level 0.9480 which represents the top border of the channel and in the case that the pair broke this level with stability above it, the pair will target the resistance level 0.9533 and if the pair succeeded to be stable above this level it will target the resistance level 0.9592.

The stability of these expectations requires the stability of the pair above the support level 0.9420.

Res: 0.9475 0.9508 0.9544
Pivot: 0.9439
Sup: 0.9427 0.9370 0.9337
[IMG][img]http://img102.herosh.com/2011/07/27/266996751.png[/url]


[B]AUD/USD[/B]

During the previous trades, the AUD/USD pair was able to continue rising after 1.0950 level held to push the pair up passing the mentioned target at 1.1035 targeting 1.1130 resistance level, which requires the stability of the supports1.1035 and 1.0950 with the stability of the bullish trend line for the previous long trades, as if the pair was able to break down these levels it will target lowest supports as 1.0875 1.0796.


Res: 1.1008 1.1061 1.1155
Pivot: 1.0914
Sup: 1.0861 1.0767 1.0714
[ATTACH]1339.vB[/ATTACH]

 

[GIGFX]

Thursday 28th of July 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD declined yesterday breaking the formed bullish wedge pattern's lower border which reverses the direction, it's observed now that the pair is trying to retest the resistance level 1.4400, a further drop is expected during the intraday trades targeting the support level 1.4295.

In order to confirm this information, the resistance level 1.4400 must be stable.

Res: 1.4490 1.4612 1.4687
Pivot: 1.4415
Sup: 1.4293 1.4218 1.4096

[/url]


[B]GBP/ USD[/B]

As it was expected through the last analysis, the GBP/USD pair completed the formation of a top at the resistance level 1.6438 coinciding with the top border of the bullish wedge pattern, this top pushed the pair to decline in order to re-test the bottom border of the wedge -as it was mentioned-, it is noticed that during the last intraday trades the pair was trying to confirm breaking downside the bullish wedge to start a corrective bearish direction targeting the level 1.6032 which represents the target of the wedge pattern and also represents 61.8% of fibonacci's correction level for the bullish move (from 1.5781 to 1.6438), in order to reach this target it should break the support levels 1.6283, 1.6187 and 1.6109.

The stability of these expectations requires the stability of the resistance level 1.6438.

Res: 1.6407 1.6486 1.6534
Pivot: 1.6359
Sup: 1.6280 1.6232 1.6153
[IMG][img]http://img105.herosh.com/2011/07/28/509526585.png[/url]


[B]USD/CHF[/B]

Nothing much have changed for the USD/CHF pair after it was able to fall previously after the stability of the resistance level 0.8270 which pushed the pair to fall breaking a lot of the supports ending with 0.8085 level, confirming the dominating of the bearish direction for the medium and long trades making the next target for the pair is the support level 0.7970 then 0.7880, which requires the stability of the pair below 0.8085 resistance level.

Res: 0.8043 0.8070 0.8094
Pivot: 0.8019
Sup: 0.7992 0.7968 0.7941
[IMG][img]http://img105.herosh.com/2011/07/28/395514505.png[/url]


[B]USD/CAD[/B]

The USD/CAD pair failed to break the support level 0.9420 for the second consecutive day and targeted the resistance level 0.9480 which represents the top border of the bearish channel, so it is expected that the pair will continue rising during the intraday and near-term trades targeting the resistance level 0.9533 and if the pair succeeded to be stable above this level, it will target the resistance level 0.9592.

The stability of these expectations requires the stability of the pair above the resistance level 0.9480.

Res: 0.9529 0.9564 0.9625
Pivot: 0.9468
Sup: 0.9433 0.9372 0.9337
[IMG][img]http://img105.herosh.com/2011/07/28/878560746.png[/url]


[B]AUD/USD[/B]

During the previous trades, the AUD/USD pair was able to continue rising after 1.0950 level held to push the pair up passing the mentioned target at 1.1035 to retest 1.1001 support level previously forming a bottom around this level which if held it will push the pair to rise targeting 1.1130 resistance level, the stability of the bullish trend line for the previous long trades will support that rise, as if the pair was able to break down the mentioned supports it will target lowest supports as 1.0875 1.0796.


Res: 1.1085 1.1152 1.1226
Pivot: 1.1011
Sup: 1.0944 1.0870 1.0803
[ATTACH]1340.vB[/ATTACH]

 

[GIGFX]

Friday 29th of July 2011 GIGFX Technical Analysis Report

EUR/USD

The formed bullish wedge pattern is continuing pressing on the EUR/USD pair which leads it to continue declining, it's trading now below the support level 1.4295 which coincides with 61.8% Fibonacci retracement correction level for the last medium-term bearish wave if the pair is able to close below this level so a further drop is expected for the pair to target the support level 1.4120 which represents the formed pattern target and also which coincides with 38.2% from the same previous mentioned Fibonacci retracement correction levels.

In order to confirm this information, the resistance level 1.4400 must be stabile.

Res: 1.4402 1.4474 1.4548
Pivot: 1.4328
Sup: 1.4256 1.4182 1.4110

[/url]


[B]GBP/ USD[/B]

Yesterday, the pair GBP/USD formed a bottom at the level 1.6295 ending the bearish wave that started from the resistance level 1.6438, the pair rose from this bottom targeting to form a bearish top by testing the bottom border of the bullish wedge pattern, through declining and rising moves of the pair, it is noticed that the pair is forming a head and shoulders pattern which shifts the bullish direction, forming this pattern supports the major bullish wedge pattern, during the upcoming trades, the pair will try to break the neckline of the head and shoulders pattern then it will continue declining targeting the level 1.6187 which represents the target of the head and shoulders pattern and also represents 38.2% of fibonacci's correction level for the bullish move (From 1.5781 to 1.6438), the pair has a bearish target for the bullish wedge pattern at the level 1.6032 it is expected to reach this level after conforming breaking the level 1.6187 followed by the level 1.6109.

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

Res: 1.6404 1.6437 1.6492
Pivot: 1.6349
Sup: 1.6316 1.6261 1.6228
[IMG][img]http://img105.herosh.com/2011/07/29/603994742.png[/url]


[B]USD/CHF[/B]

The narrow trade rang for the USD/CHF pair remains controlling the pair movement after it was able to fall previously after the stability of the resistance level 0.8270 which pushed the pair to fall breaking a lot of the supports ending with 0.8085 level, confirming the dominating of the bearish direction for the medium and long trades making the next target for the pair is the support level 0.7970 then 0.7880, which requires the stability of the pair below 0.8085 resistance level.

Res: 0.8041 0.8072 0.8098
Pivot: 0.8015
Sup: 0.7984 0.7958 0.7927
[IMG][img]http://img105.herosh.com/2011/07/29/458439758.png[/url]


[B]USD/CAD[/B]

The USD/CAD pair succeeded to hold stable above the support level 0.9480 and became around the resistance level 0.9533 so the bullish direction is still dominating the trades of the pair targeting the resistance level 0.9592.

The stability of this scenario depends on the stability of the pair above the resistance level 0.9533.

Res: 0.9522 0.9553 0.9586
Pivot: 0.9489
Sup: 0.9458 0.9425 0.9394
[IMG][img]http://img105.herosh.com/2011/07/29/97656989.png[/url]


[B]AUD/USD[/B]

During the previous trades, the AUD/USD pair fell to break down 1.1001 level trading below 1.0950 currently with trading below the bullish trend line for the previous long trades, as if the pair was able to close below the bullish trend it will continue falling to target the support level 1.0875, but if the pair traded back above 1.0950 level it will rise to trade above 1.1001.


Res: 1.1059 1.1116 1.1158
Pivot: 1.1017
Sup: 1.0960 1.0918 1.0861
[ATTACH]1344.vB[/ATTACH]