GIGFX Technical Analysis For Majors (Updated Daily)

[GIGFX]

Monday 1st of August 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair was able to stop it's declining wave for the previous bearish move which led it to trade below the level 1.4270 which represents 38.2% Fibonacci retracement correction level for the bullish move (from 1.3838 to 1.4573) without closing below this level, to rise from it facing the level 1.4372 representing by 23.6% correction. in case of the pair's stability above this level, it's expected that the pair will continue rising to retest the level 1.4573 then 1.4650, but the pair's stability below the level 1.4372 will push it down to retest the support level 1.4270.

Res: 1.4454 1.4524 1.4636
Pivot: 1.4342
Sup: 1.4272 1.4160 1.4090

[/url]


[B]GBP/ USD[/B]

On the contrary of what was expected, after the GBP/USD pair broke downside the neckline of the head and shoulders pattern, it formed a bottom at the level 1.6260 which pushed the pair to rise again breaking upside the resistance level of the right shoulder and the head thus, this pattern is no longer effective, this rising is supported by the negative data released from the U.S. lawmakers. it is expected that the pair will re-test the support level 1.6380 before continuing rising again which will be confirmed after breaking up the resistance level 1.6475, at then the pair will target to test the next resistance level 1.6550.

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

Res: 1.6503 1.6590 1.6711
Pivot: 1.6382
Sup: 1.6295 1.6174 1.6087
[IMG][img]http://img105.herosh.com/2011/08/01/240366313.png[/url]


[B]USD/CHF[/B]

The USD/CHF pair was able to fall previously reaching 0.7853 level forming a bottom at this level that pushed the pair to rise searching a good resistance level in order to retest it such as 0.7970 level which if held it will push the pair to fall again retesting 0.7853 level , but if the pair was able to pass the resistance level 0.7970 it will continue rising targeting 0.8085 resistance level.

Res: 0.7978 0.8093 0.8156
Pivot: 0.7915
Sup: 0.7800 0.7737 0.7622
[IMG][img]http://img105.herosh.com/2011/08/01/431292892.png[/url]

[B]USD/CAD[/B]

The USD/CAD pair is trading inside a bullish channel for mid-term trades and now the pair is above the support level 0.9503 which represents the bottom border of the channel.although the pair is trying to break this level but it is expected that the pair will rise targeting to re-test the resistance level 0.9588 during the upcoming intraday trades and if the pair succeeded to be stable above this level, it will target the resistance level 0.9628 which represents the bottom border of the channel.
But if the pair failed to break the support level 0.9503, it will target the support level 0.9441 and if the pair succeeded to be stable below this level, it will target the support level 0.9399.

Res: 0.96 0.9646 0.9704
Pivot: 0.9542
Sup: 0.9496 0.9438 0.9392
[IMG][img]http://img105.herosh.com/2011/08/01/177426962.png[/url]


[B]AUD/USD[/B]

During the previous trades, the AUD/USD was able to form the harmonic pattern (AB=CD) which supposed to push the pair to rise targeting 1.1185 resistance level that represents the (D) point for the pattern, but in order to confirm that; the pair must pass the resistance level 1.1079 that represents the (B) point, also the support level 1.0910 that represents the (C) point must hold.

Res: 1.1031 1.1075 1.1136
Pivot: 1.0970
Sup: 1.0926 1.0865 1.0821
[ATTACH]1349.vB[/ATTACH]

 

[GIGFX]

Tuesday 2nd of August 2011 GIGFX Technical Analysis Report

EUR/USD

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

This scenario depends on the stability of the resistance level 1.4295.

Res: 1.4406 1.4562 1.4672
Pivot: 1.4296
Sup: 1.4140 1.4030 1.3874

[/url]


[B]GBP/ USD[/B]

The pair was unable to break up the resistance level 1.6475 during yesterday trades in a sign of returning declining to re-test the near support levels and this is what happened indeed but the declining was strong because of the U.S debt ceiling crisis so the U.S dollar rose against its all counterparts, the pair declined till reached the level 1.6260 which held against the declining of the pair with forming a new bottom, it is expected that the pair will continue declining during the upcoming trades in its way to decline correctly that will be confirmed with breaking down the support level 1.6260 then the pair will target to reach the level 1.6128 which represents 50.0% of fibonacci's correction level for the bullish move (From 1.5781 to 1.6475).

The stability of these expectatios requires the stability of the resistance level 1.6350

Res: 1.6432 1.6572 1.6670
Pivot: 1.6334
Sup: 1.6194 1.6096 1.5956
[IMG][img]http://img102.herosh.com/2011/08/02/889262630.png[/url]


[B]USD/CHF[/B]

The USD/CHF pair was able to fall previously breaking 0.7855 level forming a bottom at 0.7730 support level that pushed the pair to rise back retesting 0.7855, if this level held it will push the pair to fall retesting 0.7730 support level again and trading below this level will push the pair for further falling targeting 0.7605 support level, but trading above 0.7855 will push the pair to rise in order to retest 0.7970 resistance level.

Res: 0.7948 0.7948 0.8170
Pivot: 0.7839
Sup: 0.7726 0.7617 0.7504
[IMG][img]http://img105.herosh.com/2011/08/02/11554103.png[/url]


[B]USD/CAD[/B]

The USD/CAD pair is still moving inside a bullish channel as it achieved the previous mentioned targets although ofbreaking the support level 0.9506 but didn’t hold stabile below it, so it is expected that the pair will continue rising targeting to re-test the resistance level 0.9591 and if the pair was able to be stable above this level, it will continue rising targeting the resistance level 0.9648 which represents the top border of the channel.

The stability of these expectations requires the stability of the pair above the support level 0.9530.

Res: 0.9618 0.9668 0.9732
Pivot: 0.9554
Sup: 0.9504 0.944 0.939
[IMG][img]http://img105.herosh.com/2011/08/02/538428517.png[/url]


[B]AUD/USD[/B]

During the previous trades, the AUD/USD stopped rising after the resistance level 1.1079 held to push the pair to trade below 1.0910 level during the current trades, which makes 1.0796 support level is the pair upcoming target in case the pair holds below 1.0910 level, but if the pair was able to trade above this level again it will rise in order to retest 1.1079 level.

Res: 1.1047 1.1126 1.1188
Pivot: 1.0985
Sup: 1.0906 1.0844 1.0765
[ATTACH]1351.vB[/ATTACH]

 

[GIGFX]

Wednesday 3rd of August 2011 GIGFX Technical Analysis Report

EUR/USD

The formed bullish wedge pattern is continuing pressuring on the EUR/USD pair which gave it the chance to continue declining; the pair is trading now below the support level 1.4295 which coincides with 61.8% Fibonacci retracement correction level for the medium-term last bearish wave, so a further drop is expected for the pair targeting the support level 1.4120 which represents the formed pattern target and also coincides with 38.2% from the same previous mentioned Fibonacci retracement correction levels with the probability of retesting the resistance level 1.4295.

This scenario depends on the stability of the resistance level 1.4295.

Res: 1.4273 1.4343 1.4404
Pivot: 1.4212
Sup: 1.4142 1.4081 1.4011

[/url]


[B]GBP/ USD[/B]

The GBP/USD pair is still trading above the support level1.6260 in a sign of a rising probability to test the near resistance levels, what confirms the rising probability is that yesterday trades were in a narrow range and reflect collecting the needed momentum, rising the pair will be confirmed with breaking the resistance level 1.6330 then the pair will continue rising to re-test the resistance level 1.6475, this scenario requires the stability of the support level 1.6260 which with its breaking downside means more declining till the level 1.6128 which represents 50.0% Fibonacci’s correction level for the bullish move (From 1.5781 to 1.6475).

Res: 1.6342 1.6386 1.6446
Pivot: 1.6282
Sup: 1.6238 1.6178 1.6134
[IMG][img]http://img105.herosh.com/2011/08/03/165308586.png[/url]


[B]USD/CHF[/B]

The USD/CHF pair registered a new record low during the trades of the Asian session by reaching the level 0.7611 as it formed a bottom at this level and used it to form a corrective bullish wave that will be confirmed with breaking the resistance level 0.7768 then it will target the next resistance level at 0.7865 which represents 38.2% of fibonacci's correction level for the bearish move (from 0.8277 to 0.7611), the failure of breaking up the level 0.7768 means more declining till testing the support level 0.7611

Res: 0.7778 0.7934 0.8012
Pivot: 0.7700
Sup: 0.7544 0.7466 0.7310
[IMG][img]http://img105.herosh.com/2011/08/03/526740358.png[/url]


[B]USD/CAD[/B]

The USD/CAD pair is still trading inside a bullish channel for near and mid-term, yesterday the pair rose till reached the mentioned target at the resistance level 0.9591, so it is expected that the pair will continue rising targeting the resistance level 0.9632 which represents 61.8% Fibonacci’s correction level for the bullish direction and if the pair held above this level, it will target the resistance level 0.9687 which represents 76.4% of fibonacci's correction level.

The stability of these expectations requires the stability of the pair above the support level 0.9591 which represents 50.0 of fibonacci's correction level.

Res: 0.9634 0.9658 0.9658
Pivot: 0.9589
Sup: 0.9565 0.9520 0.9496
[IMG][img]http://img105.herosh.com/2011/08/03/244659831.png[/url]


[B]AUD/USD[/B]

The AUD/USD pair continued declining yesterday supported by the double bottom pattern which shifts the bullish direction and at the beginning of today's trades,
The pair tested the support level 1.0685 which represents 76.4% of fibonacci's correction level for the last bullish wave expecting more rising correctly targeting to re-test the resistance level 1.0820 which represents 50.0% of fibonacci's correction level before return to decline again.

The stability of these expectations requires the stability of the resistance level 1.0820.

Res: 1.0929 1.1082 1.1159
Pivot: 1.0852
Sup: 1.0699 1.0622 1.0469
[ATTACH]1354.vB[/ATTACH]

 

[GIGFX]

Thursday 4th of August 2011 GIGFX Technical Analysis Report

EUR/USD

During yesterday trades, EUR/USD pair was able to achieve some gains by reaching the resistance level 1.4370 which represents 23.6% Fibonacci retracement correction level for the last medium-term bullish wave which also coincides with testing the bearish channel's top border, the pair is moving inside a bearish channel during the short-term trades so it's expected a probability on reversing the pair down targeting the support level 1.4190 but firstly it must break the support level 1.4270 with a good close below it.

This scenario depend son the stability of the resistance level 1.4370.

Res: 1.4396 1.4470 1.4596
Pivot: 1.4270
Sup: 1.4196 1.4070 1.3996

[/url]


[B]GBP/ USD[/B]

As it was expected through the last analysis, the GBP/USD pair succeeded to break up the resistance level 1.6330 to achieve the highest price during yesterday trades at 1.6429, during the trades of the Asian session the pair broke this level to reach 1.6440 and formed a top where it is expected to use this top to decline trying to test the near support levels, it is expected that the pair is in the forming stage of the diamond pattern whereas the last bearish top is coinciding with the top border of the diamond pattern and now the pair is declining trying to re-test the support levels of the bottom border so it is expected that the pair will continue declining trying to form a bottom coinciding with the bottom border of the diamond pattern, it is expected to be around the level 1.6330, the pair will use this formed pattern to rise trying to break the top border of the diamond upside then it will continue rising targeting to reach the target of the pattern.

The stability of these expectations requires the stability of the support level 1.6260.

Res: 1.6487 1.6547 1.6666
Pivot: 1.6368
Sup: 1.6308 1.6189 1.6129
[IMG][img]http://img105.herosh.com/2011/08/04/607678577.png[/url]


[B]USD/CHF[/B]

After the USD/CHF pair fell previously to reach 0.7605 support level, the pair rose to face 0.7787 resistance level during the current trades, in case the current resistance held it will push the pair to fall trying to break the support level 0.7605, but if the pair was able to trade above the current resistance it will rise targeting the resistance level 0.7880.

Res: 0.7789 0.7876 0.7965
Pivot: 0.7700
Sup: 0.7613 0.7524 0.7437
[IMG][img]http://img105.herosh.com/2011/08/04/847505378.png[/url]


[B]USD/CAD[/B]

The USD/CAD pair is still trading inside a bullish channel for near and mid-term, yesterday the pair rose till reached the mentioned target at the resistance level 0.9632 which represents 61.8% of fibonacci's correction level for the bearish direction so it is expected that the pair will continue rising targeting the resistance level 0.9687 which represents 76.4% of fibonacci's correction level and if the pair held above this level it will target the resistance level 0.9716 which represents the top border of the channel.

The stability of these expectations requires the stability of the pair above the support level 0.9632 which represents 61.8% of fibonacci's correction level.

Res: 0.9653 0.9688 0.9731
Pivot: 0.9610
Sup: 0.9575 0.9532 0.9497
[IMG][img]http://img102.herosh.com/2011/08/04/604189611.png[/url]


[B]AUD/USD[/B]

The AUD/USD pair continued declining during the previous trades after the pair was able to break down 1.0790 to reach during the current trades the support level 1.0650, the stability of the resistance level 1.0790 keeps the pair moving bearishly, which supports the breaking of the current support level 1.0650 to target then 1.0560 support, with a chance that the pair may retest the resistance level 1.0790.

The stability of these expectations requires the stability of the resistance level 1.0790.

Res: 1.0799 1.0845 1.0906
Pivot: 1.0738
Sup: 1.0692 1.0631 1.0585
[ATTACH]1359.vB[/ATTACH]

 

[GIGFX]

Friday 5th of August 2011 GIGFX Technical Analysis Report

EUR/USD

As was expected yesterday that, the EUR/USD pair fell down broking the support level 1.4190 which represents 50% Fibonacci retracement correction level for the last medium-term bullish wave reaching the level 1.4105 which represents 61.8% from the same previous mentioned Fibonacci retracement correction levels expecting for it to continue declining during the intraday trades targeting the support level 1.4003 which coincides with 76.4% from the same previous mentioned Fibonacci retracement correction levels but it must continue trading below the level 1.4105.

This scenario depends on the stability of the resistance level 1.4190.

Res: 1.4276 1.4463 1.4556
Pivot: 1.4183
Sup: 1.3996 1.3903 1.3716

[/url]


[B]GBP/ USD[/B]

On the contrary of what was expected yesterday, the GBP/USD pair declined while all dollar's counterparts were declining also, it is noticed that the pair broke the bottom border of the diamond pattern confirming the strength of its declining which remain to the limits of the level 1.6225 which represents the point B of the harmonic pattern AB=CD which is in the forming stage, it is expected that the pair will continue forming the bearish rib CD during the upcoming trades which will be conformed after breaking the level 1.6225 then the pair will continue declining targeting the level 1.6184 which represents the point D that completes the harmonic pattern, if the pair succeeded to break the support level 1.6184 it will continue declining targeting the support next level at 1.6115 which represents 76.4% of fibonacci's correction level for the bullish move (from 1.6004 to 1.6475).

The stability of these expectations requires the stability of the resistance level 1.6320.

Res: 1.6380 1.6505 1.6573
Pivot: 1.6312
Sup: 1.6187 1.6119 1.5994
[IMG][img]http://img105.herosh.com/2011/08/05/168109360.png[/url]


[B]USD/CHF[/B]

After the USD/CHF pair faced the resistance level 0.7787 previously the pair fell to face 0.7605 support level during the current trades as was expected, as if the pair tends to continue this bearish movement it must break 0.7605 level to target then the support level 0.7425, but the stability of the mentioned support level will push the pair to rise back in order to retest 0.7787 resistance level.

Res: 0.7748 0.7860 0.7921
Pivot: 0.7687
Sup: 0.7575 0.7514 0.7402
[IMG][img]http://img105.herosh.com/2011/08/05/631677106.png[/url]


[B]USD/CAD[/B]

After the USD/CAD pair rose and achieved the mentioned targets through yesterday analysis, it is expected that it will continue rising targeting the resistance level 0.9904 which represents 100% of fibonacci's continuous level for the bearish direction and if the pair held above this level it will target the resistance level 1.0042 which represents 127% of fibonacci's continuous level.

The stability of these expectations requires the stability of the pair above the support level 0.9791.

Res: 0.9882 0.9954 1.0095
Pivot: 0.9741
Sup: 0.9669 0.9528 0.9456
[IMG][img]http://img105.herosh.com/2011/08/05/199924477.png[/url]


[B]AUD/USD[/B]

The AUD/USD pair continued its bearish movement breaking a lot of levels ending by trading below 1.0525 level and facing 1.0410 support level, generally the pair remain the bearish direction as its main direction with a good chance that the pair may rise back to retest the nearest resistances such 1.0525 and 1.0650, but trading below 1.0410 will push down the pair for further falling targeting 1.0310 support level.

Res: 1.0674 1.0886 1.0995
Pivot: 1.0565
Sup: 1.0353 1.0244 1.0032
[ATTACH]1362.vB[/ATTACH]

 

[GIGFX]

Monday 8th of August 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair rose up violently during the previous week trades after testing the bearish channel's lower border which the price was moving inside it fast and violent which led on breaking the level 1.4270 which represents 38.2% Fibonacci retracement correction level for the last medium-term bullish wave and also coincides with the bearish channel's top border which led on getting out the pair from this channel expecting for it a further rise during the intraday trades which supports this view is opening the pair a price gap up which declined during the Asian trades till now to close this price gap, and it had already succeeded on closing it and reflecting up testing the resistance level 1.4357 which represents 23.6% from the same previous mentioned Fibonacci retracement correction levels, which if it succeeded on breaking this level and closed a good close above it so the pair will reach the resistance level 1.4445.

This scenario depends on the stability of the support level 1.4270.

Res: 1.4371 1.4454 1.4611
Pivot: 1.4214
Sup: 1.4131 1.3974 1.3891

[/url]


[B]GBP/ USD[/B]

As it is noticed through this chart, the pair formed a second consecutive bottom at the support level 1.6223 which pushed the pair upside using the declining of the U.S. dollar against its all major counterparts, the pair continued rising till registered the highest price for the trades of the last week at the level 1.6395 and at the beginning of the trades of this week it registered a gap that refers to the strength of the current bullish direction, at the beginning of the Asian market session the pair covered the whole bullish gap so it is expected that the pair will rise targeting the resistance level 1.6475 which with its breaking the pair will continue rising targeting the resistance level 1.6542 followed by the resistance level 1.6629 which represent 127% and 161.8% of fibonacci's continuous level for the bearish move (From 1.6475 to 1.6223).

The stability of these expectations requires the stability of the support level 1.6385.

Res: 1.6448 1.6505 1.6505
Pivot: 1.6338
Sup: 1.6281 1.6171 1.6114
[IMG][img]http://img102.herosh.com/2011/08/08/428484676.png[/url]


[B]USD/CHF[/B]

After the USD/CHF pair faced the resistance level 0.7787 previously the pair fell to trade below 0.7605 level during the current trades, as if the pair tends to continue this bearish movement it must hold below 0.7605 level to target then the support level 0.7425, but the trading back above0.7605 level will push the pair to rise back in order to retest 0.7787 resistance level.

Res: 0.7739 0.7817 0.7897
Pivot: 0.7659
Sup: 0.7581 0.7501 0.7423
[IMG][img]http://img105.herosh.com/2011/08/08/595431503.png[/url]


[B]USD/CAD[/B]

The bullish direction is still dominating the trades of the pair USD/CAD thus, it is expected that it will continue rising targeting the resistance level 0.9904 which represents 100% of fibonacci's continuous level for the bearish direction and if the pair held above this level it will target the resistance level 1.0042 which represents 127% of fibonacci's continuous level.

The stability of these expectations requires the stability of the pair above the support level 0.9791

Res: 0.9842 0.9903 0.9954
Pivot: 0.9791
Sup: 0.973 0.9679 0.9618
[IMG][img]http://img105.herosh.com/2011/08/08/212365023.png[/url]


[B]AUD/USD[/B]

The AUD/USD pair continued its bearish movement breaking a lot of levels ending by trading below 1.0420 level and facing 1.0310 support level as was expected for the previous trades, generally the pair remain the bearish direction as its main direction with a good chance that the pair may rise back to retest the nearest resistances such 1.0420 and 1.0525, but trading below 1.0310 will push down the pair for further falling targeting 1.0250 support level.


Res: 1.0532 1.0604 1.0683
Pivot: 1.0453
Sup: 1.0381 1.0302 1.0230
[ATTACH]1372.vB[/ATTACH]

 

[GIGFX]

Tuesday 9th of August 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair short-term and intraday levels movement is characterized by strong volatility between rising and declining, sometimes it seems up strongly and sometimes it seems down strongly and also under the weight of conflicting data which comes out of the biggest economic powers in the world, technically the pair came again to trade inside the short-term and the intraday levels bearish channel to make the expectations on continuing the bearish scenario but not before retesting the resistance level 1.4270 which represents 38.2% Fibonacci retracement correction level for the last medium-term bullish wave and it also coincides with the channel's top border if this level is stabile against testing the price for it so the pair will decline targeting the support level 1.4105 which represents 61.8% from Fibonacci retracement correction levels.

Res: 1.4362 1.4546 1.4663
Pivot: 1.4245
Sup: 1.4061 1.3944 1.3760

[/url]


[B]GBP/ USD[/B]

As it is noticed through this chart for the pair GBP/USD, the pair failed to break upside the resistance level 1.6475 during yesterday trades to form a top that the pair used to push declining to re-test the near support level, the pair continued declining till the support level 1.6282 to form a bottom during the last intraday trades at this level, through the last formed bottoms and tops it is expected that a near-term bullish channel is about to form but under the condition of holding the support level 1.6282 so it is expected that the pair will return rising during the upcoming trades to test the resistance level 1.6475 followed by the level 1.6542 which represents 127% of fibonacci's continuous level for the bearish move (from 1.6475 to 1.6223).

Res: 1.6429 1.6542 1.6608
Pivot: 1.6363
Sup: 1.6250 1.6184 1.6071
[IMG][img]http://img105.herosh.com/2011/08/09/613895272.png[/url]


[B]USD/CHF[/B]

The USD/CHF pair fell previously after forming the triangle pattern to break its bottom line, which push the pair to fall targeting 0.7425 support level, but the pair rose without achieving this target in order to retest appropriate resistance level, which may lead the pair to retest the triangle bottom line with 0.7650 resistance, and if these resistances held it will push the pair to fall again to achieve the triangle target at the support level 0.7425, but if the pair was able to pass 0.7650 level it will target the resistance level 0.7735.

Res: 0.7638 0.7727 0.7804
Pivot: 0.7561
Sup: 0.7472 0.7395 0.7306
[IMG][img]http://img105.herosh.com/2011/08/09/507515372.png[/url]


[B]USD/CAD[/B]

The USD/CAD pair formed a reversal hummer candle so it is expected that the pair will decline trying to correct its bullish direction targeting the support level 0.8956 which represents 23.6% of fibonacci's correction level for the bullish direction, holding the pair below this level will lead the pair to target the support level 0.9773 which represents 38.2% of fibonacci's correction level.

The stability of these expectations requires the stability of the pair below the resistance level 0.9993.

Res: 1.0596 1.1251 1.2559
Pivot: 0.9288
Sup: 0.8633 0.7325 0.6670
[IMG][img]http://img105.herosh.com/2011/08/09/366856809.png[/url]


[B]AUD/USD[/B]


The AUD/USD pair continued its bearish movement breaking a lot of levels achieving a bottom at the support level 0.9927, to rise back from this level facing the current resistance level 1.0205, as if the pair rose up to pass this level it will target the resistance level 1.0310, but if the current resistance level held it will push the pair to fall in order to retest the nearest support level, which may lead the pair to target 0.9927 support level.

Res: 1.0360 1.0535 1.0626
Pivot: 1.0269
Sup: 1.0094 1.0003 0.9828
[ATTACH]1376.vB[/ATTACH]

 

[GIGFX]

Wednesday 10th of August 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair short-term and intraday levels movement is characterized by strong volatility between rising and declining, sometimes it seems up strongly and sometimes it seems down strongly and also under the weight of conflicting data which comes out of the biggest economic powers in the world, technically the price is moving within the forming (Gartley) harmonic pattern whereas it is forming now the last CD wave which is supposed to target the resistance level 1.4500 so it's expected that the pair will rise up during the intraday trades targeting the resistance level 1.4500 which at it the harmonic pattern will be formed but it's not recommended to the traders to enter any purchasing process based on this pattern, but only in case of breaking the resistance level 1.4430 which represents the pattern's B point.

Res: 1.4449 1.4524 1.4673
Pivot: 1.4300
Sup: 1.4225 1.4076 1.4001

[/url]

[B]GBP/ USD[/B]

The sterling rose yesterday against the U.S. dollar using the formed bottom at the support level 1.6282 coinciding with a bullish trendline of an expected channel and reached the resistance level 1.6405 to form a bearish top lower than the formed one at the resistance level 1.6475, this top pushed the pair to decline breaking the support levels 1.6282 and 1.6223 amid riots in London as violence spreads across England, the pair formed a bearish bottom at the level 1.6175 and used it to rise trying to re-test the near resistance level, this rising was supported by declining the U.S. dollar against a basket of its counterparts. London's riots and U.S. dept crisis make some sort of volatile trades, so it is expected that if the pair broke the resistance level 1.6325 upside, it will continue rising targeting the level 1.6475 but if the pair broke the support level 1.6175 downside, it will continue declining targeting the next support level at 1.6075.

Res: 1.6425 1.6533 1.6658
Pivot: 1.6300
Sup: 1.6192 1.6067 1.5959
[IMG][img]http://img105.herosh.com/2011/08/10/585739996.png[/url]


[B]USD/CHF[/B]

The USD/CHF pair fell previously REACHING 0.7075 price that consider the lowest price ever for the pair, to rice from this level trying to retest appropriate resistance level such 0.7300 which if the pair was able to pass it; the pair will target 0.7470 resistance level, but if this level held it will push the pair to retest the previous price 0.7075 and if this level was broken the pair will target 0.6930 support.

Res: 0.7506 0.7807 0.8022
Pivot: 0.7291
Sup: 0.6990 0.6775 0.6474
[IMG][img]http://img105.herosh.com/2011/08/10/303024603.png[/url]


[B]USD/CAD[/B]

After declining the USD/CAD pair yesterday reaching all the expected targets in the last analysis, it is expected that the pair will continue declining although it failed to close below the support level 0.9773 which represents 38.2% of fibonacci's correction level so it is expected that the pair will re-test the support level 0.9773 and if the pair held below it, it will target the support level 0.9707 which represents 50.0% of fibonacci's correction level, and if the pair held below this level it will target the support level 0.9639 which represents 61.8% of fibonacci's correction level.

The stability of these expectations requires the stability of the pair below the support level 0.9773.

Res: 0.9929 1.0088 1.0169
Pivot: 0.9848
Sup: 0.9689 0.9608 0.9449
[IMG][img]http://img105.herosh.com/2011/08/10/74250374.png[/url]


[B]AUD/USD[/B]

The AUD/USD pair was able to rise after the support level 0.9927 held, to reach 1.0411, as if the pair rose up to pass this level it will target the resistance level 1.0525, but if the current resistance level held it will push the pair to fall in order to break the support level 1.0310 to target then 1.0205 support.

Res: 1.0511 1.0669 1.0961
Pivot: 1.0219
Sup: 1.0061 0.9769 0.9611
[ATTACH]1385.vB[/ATTACH]

 

[GIGFX]

Thursday 11th of August 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair short-term and intraday levels movement is characterized by strong volatility between rising and declining, sometimes it seems up strongly and sometimes it seems down strongly and also under the weight of conflicting data which comes out of the biggest economic powers in the world, which gives the expectations on continuing this volatility case during the intraday trades, the price declined yesterday reaching the support level 1.4170 which represents 23.6% Fibonacci retracement correction level for the last short-term bearish wave and it was unable to close below it then it formed a reversal candle which pushed the price up testing the resistance level 1.4240 now, if the pair is able to close a good close above this level so it will target the resistance level 1.4350 which represents 61.8 from the same previous mentioned Fibonacci retracement correction levels.

This scenario depends on the stability of the support level 1.4170.

Res: 1.4330 1.4484 1.4568
Pivot: 1.4246
Sup: 1.4092 1.4008 1.3854

[/url]


[B]GBP/ USD[/B]

As the GBP/USD is still declining, yesterday's trades saw breaking the support level 1.6175 down then the pair continued declining till reached the level 1.6128 which represents 50.0% of fibonacci's correction level for the bullish move (From 1.5780 to 1.6476), a bottom was formed at this level during the last intraday trades that pushed the pair to rise again to test the resistance level 1.6175 which with its breaking up means more rising targeting the resistance level 1.6265 coinciding with a bearish trendline for near-term trades, but breaking the level 1.6128 down means more declining targeting the next support level at 1.6046.

Res: 1.6270 1.6408 1.6482
Pivot: 1.6196
Sup: 1.6058 1.5984 1.5846
[IMG][img]http://img105.herosh.com/2011/08/11/372012206.png[/url]


[B]USD/CHF[/B]

The USD/CHF pair fell previously reaching 0.7075 price that consider the lowest price ever for the pair, to rice from this level trying to retest appropriate resistance level such 0.7300 which if the pair was able to pass it; the pair will target 0.7470 resistance level, but if this level held it will push the pair to retest the previous price 0.7075 and if this level was broken the pair will target 0.6930 support.

The previous analyze remains

Res: 0.7335 0.7405 0.7482
Pivot: 0.7258
Sup: 0.7188 0.7111 0.7041
[IMG][img]http://img105.herosh.com/2011/08/11/51510667.png[/url]


[B]USD/CAD[/B]

Although the pair was unable to close below the support level 0.9773 which represents 38.2% of fibonacci's correction level for the bullish direction but it is expected that the pair will decline during the intraday trades trying to re-test the support level 0.9773 but under the condition of closing below the support level 0.9864 which represents 23.6% of fibonacci's correction level, in the case that the pair reaches the resistance level 0.9773 with stability below the pair will target the support level 0.9707 which represents 50.0% of fibonacci's correction level, if the pair held below this level it will target the support level 0.9639 which represents 61.8% of fibonacci's correction level.

The stability of these expectations requires the stability of the pair below the support level 0.9864.

Res: 1.001 1.0074 1.0196
Pivot: 0.9888
Sup: 0.9824 0.9702 0.9638
[IMG][img]http://img105.herosh.com/2011/08/11/274535285.png[/url]


[B]AUD/USD[/B]

The AUD/USD pair was able to rise after the support level 0.9927 held, to reach 1.0411resistance level to fall from this level forming a bottom at 1.0110 level previously which stopped the falling for the pair and formed the harmonic pattern (AB=CD), where it is expected during the upcoming trades that the pair will retest the resistance level 1.0411, which if was broken the pair will target the resistance level 1.0590 as the expected (D) point for the pattern that coincides with 161.8% continuous level for the (BC) wave, but if the resistance level 1.0411 will push the pair to fall in order to retest the support level 1.0110 then 0.9927.

Res: 1.0336 1.0495 1.0579
Pivot: 1.0252
Sup: 1.0093 1.0009 0.9850
[ATTACH]1392.vB[/ATTACH]

 

[GIGFX]

Friday August 12th 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair short-term and intraday levels movement is characterized by strong volatility between rising and declining, and also under the weight of conflicting data which comes out of the biggest economic power in the world between the resistance level 1.45370 which represents 23.6% Fibonacci retracement correction level for the last medium-term bullish wave and the support level 1.4100 which represents 61.8% from the same previous mentioned Fibonacci retracement correction level, if the pair break one of these levels so the short and medium-terms breaking direction will be confirmed.
Today's expectations; volatility will be continued, the pair tried yesterday to achieve some gains ended by the intraday trades beginning whereas the pair is trying to decline targeting the support level 1.4100 again.

Res: 1.4320 1.4399 1.4507
Pivot: 1.4212
Sup: 1.4133 1.4025 1.3946

[/url]


[B]GBP/ USD[/B]

As it was expected through the last analysis, the GBP/USD pair rose during yesterday trades to achieve the highest price around the level 1.6250 which represents 38.2% of fibonacci's correction level for the bearish move (From 1.6476 to 1.6110), the pair rose supported by the formed bottom at the level 1.6128 which represents 50.0% of fibonacci's correction level for the bullish move (From 1.5780 to 1.6476), more rising is expected during the upcoming trades but under the condition of breaking upside the coinciding area of the resistance level 1.6250 with a near-term bearish trendline, then the pair will continue rising targeting the level 1.6390, this scenario requires the stability of the support level 1.6128, breaking this level means more declining till the next support level at 1.6046.

Res: 1.6280 1.6323 1.6408
Pivot: 1.6195
Sup: 1.6152 1.6067 1.6024
[IMG][img]http://img102.herosh.com/2011/08/12/99728112.gif[/url]


[B]USD/CHF[/B]

The USD/CHF pair rose previously reaching 0.7628 level that coincide with 38.2% correction level for the bearish move from 0.8520 to 0.7075 that consider the lowest price ever for the pair, as it is expected with the stability of 38.2% level that the pair will fall searching appropriate support such 0.7470 then 0.7417 that represents 23.6% correction level, but if the pair was able to pass 0.7628 level it will rise targeting 0.7798 resistance level that represents 50% correction level.

Res: 0.7789 0.7960 0.8235
Pivot: 0.7514
Sup: 0.7343 0.7068 0.6897
[IMG][img]http://img102.herosh.com/2011/08/12/181874584.gif[/url]


[B]USD/CAD[/B]

The USD/CAD pair has stopped its rising at the resistance level 1.0007 to fall from this level forming a bottom at the support level 0.9766 coinciding with 38.2% correction level for the last bullish move from 0.9407 to the mentioned top, and it is noticed that the pair was able to form a symmetrical triangle and breaking any of its ribs will determine the pair direction for the upcoming trades, as if the top rib was broken with the resistance level 1.0007 the pair will rise targeting 1.0165 that represents the pattern target in bullish case, but breaking the bottom rib will push the pair to target 0.9766 then 0.9636 that represents the pattern target in the bearish case coinciding with 61.8% correction level.

Res: 0.9924 1.0009 1.0052
Pivot: 0.9881
Sup: 0.9796 0.9753 0.9668
[IMG][img]http://img102.herosh.com/2011/08/12/814865884.gif[/url]


[B]AUD/USD[/B]

The AUD/USD pair was able to rise after the support level 0.9927 held, to reach 1.0411resistance level to fall from this level forming a bottom at 1.0110 level previously which stopped the falling for the pair and formed the harmonic pattern (AB=CD), where it is expected during the upcoming trades that the pair will retest the resistance level 1.0411, which if was broken the pair will target the resistance level 1.0590 as the expected (D) point for the pattern that coincides with 161.8% continuous level for the (BC) wave, but if the resistance level 1.0411 will push the pair to fall in order to retest the support level 1.0110 then 0.9927.

The previous analyze remains

Res: 1.0435 1.0520 1.0683
Pivot: 1.0272
Sup: 1.0187 1.0024 0.9939
[ATTACH]1393[/ATTACH]

 

[GIGFX]

Monday August 15th 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair short-term and intraday levels movement is characterized by strong volatility between rising and declining, and also under the weight of conflicting data which comes out of the biggest economic power in the world between the resistance level 1.4370 which represents 23.6% Fibonacci retracement correction level for the last medium-term bullish wave and the support level 1.4100 which represents 61.8% for the same previous mentioned Fibonacci retracement correction level, if the pair break one of these levels so the short and medium-terms breaking direction will be confirmed.
As was expected previously, the price tested the support level 1.4100 and was pushed up from it, it's expected that this oscillation will be continued during the intraday levels and rising the pair up targeting the resistance level 1.4370.

Res: 1.4311 1.4371 1.4451
Pivot: 1.4231
Sup: 1.4171 1.4091 1.4031

[/url]


[B]GBP/ USD[/B]

The support level 1.6110 succeeded to hold against the GBP/USD pair testing to push the price upside breaking the top border of the bearish channel that was formed in the last mid-term trades, it is expected that the pair will continue rising targeting the resistance level 1.6380 followed by 1.6475 which represents the target of breaking the channel with the probability of returning the prices back to test the support level 1.6230 with testing the top border of the bearish channel, trading the pair below the support level 1.6230 will push it to decline targeting to test the formed bottom at the support level 1.6110.

Res: 1.6339 1.6398 1.6485
Pivot: 1.6252
Sup: 1.6193 1.6106 1.6047
[IMG][img]http://img105.herosh.com/2011/08/15/520821396.png[/url]


[B]USD/CHF[/B]

The USD/CHF pair rose previously reaching 0.7968 resistance level that coincide with 61.8% correction level for the bearish move from 0.8520 to 0.7075, where it is expected by the stability of 50% correction level that the pair will continue rising to break 0.7968 resistance and to target then 0.8180 resistance level that coincide with 76.4% correction level, but the stability of the current resistance with breaking the support level 0.7798 will push the pair down to retest the support level 0.7625 that represents 38.2% correction level.

Res: 0.7862 0.7943 0.8100
Pivot: 0.7705
Sup: 0.7624 0.7467 0.7386
[IMG][img]http://img105.herosh.com/2011/08/15/912371929.png[/url]


[B]USD/CAD[/B]

The USD/CAD pair was trading below the bearish trendline during the last trades for near and mid-term trades so it is expected that it will continue declining aiming to correct its bullish direction targeting the support level 0.9866 which represents 23.6% of fibonacci's correction level for the bullish direction, holding the pair below this level makes it target the support level 0.9778 which represents 38.2% of fibonacci's correction level for the bullish direction which if held below this level makes it target the support level 0.9635 which represents 61.8% of fibonacci's correction level for the bullish direction.

The stability of these expectations requires the stability of the pair below the support level 0.9849 which represents the bearish trendline.

Res: 0.9938 0.9970 1.0023
Pivot: 0.9885
Sup: 0.9853 0.9800 0.9768
[IMG][img]http://img102.herosh.com/2011/08/15/549349070.png[/url]


[B]AUD/USD[/B]

As was expected for the AUD/USD pair was able to rise to face 1.0411 resistance level that represents the (B) point for the mentioned harmonic pattern (AB=CD), which if was broken the pair will target the resistance level 1.0590 as the expected (D) point for the pattern that coincides with 161.8% continuous level for the (BC) wave, but if the resistance level 1.0411held; it will push the pair to fall in order to retest the support level 1.0110 then 0.9927.

Res: 1.0394 1.0436 1.0511
Pivot: 1.0319
Sup: 1.0277 1.0202 1.0160
[ATTACH]1404.vB[/ATTACH]

 

[GIGFX]

Monday September 5th 2011 GIG FX Technical Analysis Report

EUR/USD

As was expected the EUR/USD pair fell previously to reach the support level 1.4140 trying to break this level during the current trades, as if the pair succeeded to close below this level it will target 1.4055 support level, but if the pair could not trade below 1.4140 it will rise in order to retest the nearest resistance levels such as 1.4228 then 1.4314.

Res: 1.4261 1.4326 1.4365
Pivot: 1.4222
Sup: 1.4157 1.4118 1.4053

[/url]


[B]GBP/ USD[/B]

The bearish direction is still dominating the trades of the pair for near and mid-term through moving inside a bearish channel, at the beginning of this week's trades the pair registered a bearish gap that confirms the strength of the bearish move but the prices did not cover the whole gap during the last intraday trades so it is expected that the pair will rise in order to cover the whole gap and to test the resistance level 1.6254 at which the price is expected to coincide with the top border of the channel, this scenario requires the stability of the support level 1.6131, breaking this level means more declining targeting the next support level 1.6044.

Res: 1.6250 1.6291 1.6330
Pivot: 1.6211
Sup: 1.6170 1.6131 1.6090
[IMG][img]http://img103.herosh.com/2011/09/05/39464190.png[/url]


[B]USD/CHF[/B]

The USD/CHF pair started a bearish move after it rose to reach 0.8241 level, as the pair tried to trade during the previous trades below 0.7775 support level to reflect from this level approaching 0.7965 resistance level, if this resistance held it will push the pair to pass the support level 0.7775 targeting 0.7660 support level, but if the pair rose to trade above 0.7965 level it will retest the support level 0.8080.

Res: 0.7999 0.8103 0.8246
Pivot: 0.7856
Sup: 0.7752 0.7609 0.7505
[IMG][img]http://img101.herosh.com/2011/09/05/857404690.png[/url]


[B]USD/CAD[/B]

At the beginning of this week's trades the pair registered a gap then the pair succeeded to break the resistance level 0.9866 which represents 50.0% of fibonacci's correction level for the last bearish wave and now the pair is targeting the resistance level 0.9892 which represents 61.8% of fibonacci's correction level, if the pair held above this level it will target the resistance level 0.9932 which represents 76.4% of fibonacci's correction level.

The stability of these expectations requires the stability of the support level 0.9866.

Res: 0.9877 0.9909 0.9971
Pivot: 0.9815
Sup: 0.9783 0.9721 0.9689
[IMG][img]http://img101.herosh.com/2011/09/05/114512839.png[/url]


[B]AUD/USD[/B]

The pair broke out the reversal bullish wedge pattern by breaking the support level 1.0704 at the end of the last week, this level coincides with the bottom border of the pattern, at the asian session the pair succeeded to break the support level 1.0601 which was the expected target to reach so it is expected that the pair will target the support level 1.0315 and if the pair held below this level it will target the support level 1.410.

The stability of these expectations requires the stability of the resistance level 1.0601.

Res: 1.0715 1.0777 1.0822
Pivot: 1.067
Sup: 1.0608 1.0563 1.0501
[ATTACH]1475.vB[/ATTACH]

 

[GIGFX]

Tuesday September 6th 2011 GIG FX Technical Analysis Report

EUR/USD

The EUR/USD pair continued its falling as was expected to reach the support level 1.4055 during the current trades; which was mentioned through the previous report, as if the pair tends to continue that bearish direction it must break 1.4055 support to target then 1.3925 support level, with a good chance to rise back in order to retest the resistance level 1.4170, but in case the pair tends to rise it must break the mentioned resistance with a good close above it to target then the resistance level 1.4300.

Res: 1.4159 1.4222 1.4271
Pivot: 1.4110
Sup: 1.4047 1.3998 1.3935

[/url]


[B]GBP/ USD[/B]

The GBP/USD pair declined since this week trades beginning, the AB=CD formed harmonic pattern is affected by that on the price movement which was targeting the support level 1.6045 whereas the price was approached to it during yesterday trades, the pair registered the lowest price for it 1.6061with appearing a positive signals on the price movement for this bullish wedge formed reversal pattern and also appearing a positive signals from the stochastic index at the bottom of the chart, whereas a positive divergence refers to the probability of rising the price, so it's expected during the intraday trades that the pair will rise trying to test the resistance level 1.6190as it's first target for this bullish move.

This scenario depends on the support level 1.6045 stability.

Res: 1.6181 1.6246 1.6306
Pivot: 1.6121
Sup: 1.6056 1.5996 1.5931
[IMG][img]http://img105.herosh.com/2011/09/06/488995561.png[/url]


[B]USD/CHF[/B]

The narrow trades was the USD/CHF pair movement during the previous short trades, which may reflects the stability of the current support level leading the pair for a possible rising in order to retest the resistance level 0.7965 and if the pair was able to pass this level it will target the resistance level 0.8080, but in case the pair tends to continue its bearish short move it must break the current support level 0.7775 in order to target 0.7660 support level.

Res: 0.7915 0.7960 0.8007
Pivot: 0.7868
Sup: 0.7823 0.7776 0.7731
[IMG][img]http://img105.herosh.com/2011/09/06/581207964.png[/url]


[B]USD/CAD[/B]

As it was expected yesterday, the pair reached the resistance level 0.9940 which represents 76.4% of fibonacci's correction level for the bearish direction but it was unable to break this level expecting that the pair will re-test the resistance level 0.9940 and if the pair held above this level it will target the resistance level 1.0008 trying to form a new top.
But if the pair was unable to break the resistance level 0.9940 it will target the support level 0.9899 which represents 61.8% of fibonacci's correction level and if the pair held below this level it will target the support level 0.9866which represents 50.0 % of fibonacci's correction level and if the pair held below this level it will target the support level 0.9833 which represents 23.2 % of fibonacci's correction level.

Res: 0.9937 0.9974 1.0018
Pivot: 0.9893
Sup: 0.9856 0.9812 0.9775
[IMG][img]http://img102.herosh.com/2011/09/06/136628178.png[/url]


[B]AUD/USD[/B]

The pair started a declining move since the beginning of this week till now affected by exiting the reversal bullish wedge pattern for mid-term trades as it succeeded to break the bottom border of the pattern expecting more declining targeting the support level 1.0420 and if the pair continued declining and closed below this level it will target the support level 1.0240 with the probability of rising to re-test the resistance level 1.0650 then it will decline again.

The stability of these expectations requires the stability of the resistance level 1.0650.


Res: 1.0615 1.0683 1.0735
Pivot: 1.0563
Sup: 1.0495 1.0443 1.0375
[ATTACH]1476.vB[/ATTACH]

 

[GIGFX]

Wednesday September 7th 2011 GIG FX Technical Analysis Report

EUR/USD

The EUR/USD pair continued its falling as was expected although the volatility of its prices fallowing the Swiss central bank statement that pushed the pair to reach 1.4285 price forming a top at this level that pushed the pair to fall reaching 1.3973 level forming a bottom at it, during this movement the pair was able to form a medium bearish channel leading the expectations during the upcoming trades that the pair might face the resistance level s 1.4105 then 1.4170, which may coincide with facing the channel top line, that will push the pair to fall with the stability of the mentioned resistances to retest the support level 1.3973, but if the pair was able to pass the mentioned resistances it will rise to target Initially the resistance level 1.4285.

Res: 1.4192 1.4387 1.4497
Pivot: 1.4082
Sup: 1.3887 1.3777 1.3582

[/url]


[B]GBP/ USD[/B]

The GBP/USD pair is still declining through moving inside a bearish channel, yesterday it succeeded to break the level 1.6110 to confirm the strength of this bearish move reaching the support level 1.5975 which coincides with the bottom border of the channel and also represents 127% of fibonacci's continuous level for the last bullish wave for mid-term trades and it is still holding till now expecting more declining targeting the support level 1.5875 with the probability of re-testing the resistance level 1.6110.

The stability of these expectations requires the stability of the resistance level 1.6110.

Res: 1.6121 1.6303 1.6403
Pivot: 1.6021
Sup: 1.5839 1.5739 1.5557
[IMG][img]http://img101.herosh.com/2011/09/07/261764013.png[/url]


[B]USD/CHF[/B]

The USD/CHF pair rose strongly during the previous trades after the Swiss National Bank’s decision yesterday to cap the franc’s rate against the EURO, to reach during the previous short trades 0.8625 level forming a top at this level, during this move the pair has formed a wide bullish channel coinciding it's top line with the mentioned price level, that may push the pair to have a bearish correcting movement that may reach the support levels 0.8413 then 0.8240 during the upcoming short trades, which requires the stability of the current resistance level which if the pair was able to pass it the price will rise targeting the resistance level 0.8770.

Res: 0.8886 0.9149 0.9673
Pivot: 0.8362
Sup: 0.8099 0.7575 0.7312
[IMG][img]http://img105.herosh.com/2011/09/07/377964422.png[/url]


[B]USD/CAD[/B]

As observed in the chart that, during the last short-term trades the USD/CAD was able to break the bearish trendline up for the medium and short-terms with a strong probability sign of completing the long-term bullish directions but to confirm this possibility; the resistance level 0.9940 which represents 76.4%Fibonacci retracement correction level for the bearish direction (from 1.007 to 0.9724) must be broken up whereas the pair will target testing the resistance level 1.007 which represents breaking it up the last condition to continue forming the long-term bullish direction reaching the resistance level 1.0083.

This scenario depends on the support level 0.9866 stability.

Res: 0.9954 1.0008 1.0054
Pivot: 0.9908
Sup: 0.9854 0.9808 0.9754
[IMG][img]http://img104.herosh.com/2011/09/07/640890783.png[/url]


[B]AUD/USD[/B]

The AUD/USD pair declined yesterday after breaking the bottom border of the reversal bullish wedge pattern targeting the level 1.0485 which represents 50.0% of fibonacci's correction level for the last bearish wave (from 1.1050 to 0.9930), the pair tested this level then it re-tested the bottom border of the pattern at the level 1.0620 which represents 61.8% of fibonacci's correction level, it is expected that the pair will continue declining targeting the level 1.0485 which represents 50.0% of fibonacci's correction level then it will break it to continue declining.

The stability of these expectations requires the stability of the resistance level 1.0620.

Res: 1.0578 1.0674 1.0722
Pivot: 1.0530
Sup: 1.0434 1.0386 1.0290
[ATTACH]1487.vB[/ATTACH]

 

[GIGFX]

Thursday September 8th 2011 GIG FX Technical Analysis Report

EUR/USD

The EUR/USD pair continued its falling as was expected although the volatility of its prices fallowing the Swiss central bank statement that pushed the pair to reach 1.4285 price forming a top at this level that pushed the pair to fall reaching 1.3973 level forming a bottom at it, during this movement the pair was able to form a medium bearish channel as the pair faced the resistance level 1.4105 without closing above it leading the expectations during the upcoming trades that the pair might decline with the stability of the mentioned resistance with approaching the channel top line to retest the support level 1.3973 with a good chance that the top line may coincide with the resistance level 1.4170, but if the pair was able to pass the mentioned resistances it will rise to target Initially the resistance level 1.4285.

Res: 1.4166 1.4234 1.4321
Pivot: 1.4079
Sup: 1.4011 1.3924 1.3856

[/url]


[B]GBP/ USD[/B]

The GBP/USD pair is trading now inside the bearish channel whereas it tried yesterday to achieve some gains, the pair registered the highest price for it 1.6037 during yesterday trades but it was unable to continue achieving more gains which reverse it down again, a further drop is expected for it during the intraday trades targeting the support level 1.5880 but firstly the support level 1.5940 must be broken with a good close below it to confirm declining.

This scenario depends on the stability of the resistance level 1.6110.

Res: 1.6045 1.6100 1.6163
Pivot: 1.5982
Sup: 1.5927 1.5864 1.5809
[IMG][url=http://www.herosh.com][img]http://img102.herosh.com/2011/09/08/6738323.png[/url]


[B]USD/CHF[/B]

The USD/CHF pair rose strongly during the previous trades after the Swiss National Bank’s decision yesterday to cap the franc’s rate against the EURO, to reach during the previous short trades 0.8625 level forming a top at this level, during this move the pair has formed a wide bullish channel coinciding it's top line with the mentioned price level, that may push the pair to have a bearish correcting movement that may reach the support levels 0.8413 then 0.8240 during the upcoming short trades, which requires the stability of the current resistance level which if the pair was able to pass it the price will rise targeting the resistance level 0.8770.

The previous analyze remains

Res: 0.8619 0.8665 0.8705
Pivot: 0.8579
Sup: 0.8533 0.8493 0.8447
[IMG][url=http://www.herosh.com][img]http://img102.herosh.com/2011/09/08/631432162.png[/url]


[B]USD/CAD[/B]

As it was expected through the last analysis, the pair succeeded to reach the resistance level 0.9940 which represents 76.4% of fibonacci's correction level for the bearish move but it was unable to break it so during the upcoming intraday trades it is expected that the pair will re-test the resistance level 0.9940 and if the pair held above this level it will target the resistance level 1.0008 trying to form a new top.
But if the pair was unable to break the resistance level 0.9940 it will target the support level 0.9899 which represents 61.8% of fibonacci's correction level and if the pair held below this level it will target the support level 0.9866which represents 50.0% of fibonacci's correction level and if the pair held below this level it will target the support level 0.9833 which represents 23.2%of fibonacci's correction level.

Res: 0.9937 0.9974 1.0018
Pivot: 0.9893
Sup: 0.9856 0.9812 0.9775
[IMG][url=http://www.herosh.com][img]http://img102.herosh.com/2011/09/08/206180040.png[/url]


[B]AUD/USD[/B]

The pair started a declining move since the beginning of this week till now affected by exiting the prices out of the reversal bullish wedge pattern for mid-term trades by breaking the bottom border of the pattern expecting more declining targeting the support level 1.0420 and if the pair continued declining with stability below that level it will target the support level 1.0240 with the probability of rising to re-test the resistance level 1.6050 then it will continue declining again.

The stability of these expectations requires the stability of the resistance level 1.0650.

Res: 1.0718 1.0778 1.0896
Pivot: 1.0600
Sup: 1.0540 1.0422 1.0362
[ATTACH]1490.vB[/ATTACH]

 

[GIGFX]

Friday September 9th 2011 GIG FX Technical Analysis Report

EUR/USD

As was expected the EUR/USD pair fell during the previous trades to reach 1.3873 price after the resistance level 1.4105 held and breaking 1.3973 forming a bottom at this level to stop the current falling, as if the pair tends to continue that falling it must break 1.3873 support to target then the next support level at 1.3795 , with a good chance that the pair may retest the resistance level 1.3973 that may coincide with the bullish channel top line that support the bearish movement, passing the mentioned resistances will push the pair to rise targeting initially the resistance level 1.4105 in order to retest it.

Res: 1.4029 1.4178 1.4256
Pivot: 1.3951
Sup: 1.3802 1.3724 1.3575
http://hotfile.com/dl/129353859/622eb79/EUR.png.html


GBP/ USD

The GBP/USD pair is still trading inside the bearish channel, whereas it tried yesterday to achieve some gains and it registered the highest price at 1.6037 during yesterday trades but it wasn't able to continue achieving more gains which reverse it down again, a further drop is expected for it during the intraday trades targeting the support level 1.5880 but firstly it must break the support level 1.5940 with a good close below it to confirm declining.

This scenario depends on the stability of the resistance level 1.6110.

Res: 1.6056 1.6154 1.6226
Pivot: 1.5984
Sup: 1.5886 1.5814 1.5716
http://hotfile.com/dl/129353974/0e3bfa5/GBP.png.html


USD/CHF

The USD/CHF pair was able to pass the resistance level 0.8625 previously to reach the expected resistance level in the rising case 0.8770, giving the previous rising more sharpness affected by the Swiss National Bank’s decision, as if the pair tends to continue that rise it must pass the current resistance level 0.8770 to target then 0.8940 resistance, but the bullish channel top line that the pair is facing currently might slow that rise and may push the pair to retest the nearest support levels such as 0.8570 and 0.8413.

Res: 0.8824 0.8894 0.9019
Pivot: 0.8699
Sup: 0.8629 0.8504 0.8434
http://hotfile.com/dl/129354021/39e3709/CHF.png.html


USD/CAD

The pair is trading above the bullish trendline that has been formed for near and mid-term trades so it is expected that the pair will target the resistance level 0.9916 and if the pair held above this level it will target the resistance level 0.9959.

The stability of these expectations requires the stability of the support level 0.9845.

Res: 0.9915 0.9939 0.9983
Pivot: 0.9871
Sup: 0.9847 0.9803 0.9779
http://hotfile.com/dl/129354106/f2b653e/CAD.png.html

 

[GIGFX]

Tuesday September 13th 2011 GIGFX Technical Analysis Report

EUR/USD

During yesterday trades the EUR/USD pair didn't achieve a price below the level 1.3500 achieving a daily close to cover all the bearish gap, this close represents a strong signal for beginning forming a bullish corrective direction, it's expected that the pair will initially target the level 1.3747, breaking this level up means rising till the next corrective level at 1.3900 which represents 38.2% Fibonacci retracement correction level for the bearish direction (from 1.4548 to 1.3500), this scenario depends on the stability of the support level 1.3500, breaking this level down means a further drop till the support level 1.3398 which represents 161.8% Fibonacci retracement continuous direction for the bullish direction (from 1.3837 to 1.4548).

Res: 1.3747 1.3815 1.3938
Pivot: 1.3624
Sup: 1.3556 1.3433 1.3365

[/url]


[B]GBP/ USD[/B]

As was expected through the previous report the GBP/USD pair could not continue the previous falling facing the support area between 1.5800 and 1.5750 levels, the area that represent the end of the harmonic pattern AB=CD, as it is expected during the upcoming short trades that the pair will retest the bearish channel top line that may coincides with facing the resistance level 1.5925, which with its stability the pair will fall retesting the mentioned support levels, and if the pair was able to pass this supports it will target the next support at 1.5650 level.

Res: 1.5906 1.5951 1.6018
Pivot: 1.5839
Sup: 1.5794 1.5727 1.5682
[IMG][url=http://www.herosh.com][img]http://img105.herosh.com/2011/09/13/18510948.png[/url]


[B]USD/CHF[/B]

The USD/CHF pair has stopped the previous rising with the stability of the resistance level 0.8940 to fall facing the support level 0.8770 during the current trades, that move was expected in case the mentioned resistance held against the pair rising, as if the current support level held it will push the pair to rise in order to retest the resistance level 0.8940 then to the resistance level 0.9010, but if the pair continued the previous falling to pass down 0.8770 support it will target the next support at 0.8570 level.

Res: 0.8886 0.8971 0.9014
Pivot: 0.8843
Sup: 0.8758 0.8715 0.8630
[IMG][url=http://www.herosh.com][img]http://img101.herosh.com/2011/09/13/682361204.png[/url]


[B]USD/CAD[/B]

The pair finished forming the bullish rub CD at the level 1.0025 below the expected level to reach through the last analysis at 1.0050 so the pair ended the formation of the harmonic pattern and declined during the intraday trades to re-test the near support level as it was expected that the pair will form a bullish bottom at the level 0.9960 but it could not happen because the pair now is trading below this level in a strong sign of more declining during the upcoming intraday trades targeting the support level 0.9825 but under the condition of breaking the bullish trendline which matches the point A with C.

The stability of these expectations requires the stability of the resistance level 1.0025.

Res: 0.9996 1.0066 1.0107
Pivot: 0.9955
Sup: 0.9885 0.9844 0.9774
[IMG][url=http://www.herosh.com][img]http://img104.herosh.com/2011/09/13/654707977.png[/url]


[B]AUD/USD[/B]

As it was expected through yesterday report, the pair declined to the level 1.0245 which represents 61.8 of fibonacci's correction level for the last bullish wave (from 0.9930 to 1.0760) and rose again with stability above the level 1.0355 which represents 50.0% of fibonacci's correction level for the last mentioned bullish wave, it is expected that the pair will continue rising during the upcoming intraday trades targeting the level 1.0475.

The stability of these expectations requires the stability of the support level 1.0245.

Res: 1.0438 1.0532 1.0624
Pivot: 1.0346
Sup: 1.0252 1.0160 1.0066
[ATTACH]1501.vB[/ATTACH]

 

[GIGFX]

Wednesday September 14th 2011 GIGFX Technical Analysis Report

EUR/USD

As was expected through the previous report, yesterday EUR/USD trades was bullish for the second consecutive day, whereas testing the resistance level 1.3747 was expected, to form a bearish top at this level pushed the pair down during the last intraday trades, between declining and rising it's observed that the pair is forming a bearish flag pattern which came to support forming the bearish directions, in condition; the flag's lower border must be broken and having a good close below it then the pair will test the support level 1.3500 which represents breaking it down, this indicates a further drop till the support level 1.3398 which represents 161.8% Fibonacci continuous bullish direction (from 1.3837 to 1.4548), this bearish scenario depends on the stability of the resistance level 1.3747 breaking this level up with breaking the bearish trend line means an initial rise till the next resistance level at 1.3900.

Res: 1.3758 1.3839 1.3939
Pivot: 1.3658
Sup: 1.3577 1.3477 1.3396

[/url]


[B]GBP/ USD[/B]

The GBP/USD pair was able to continue the previous falling after forming a top at the level 1.5885 which pushed the pair to fall passing 1.5750 level during the current trades, that will push the pair for further falling targeting the support level 1.5650 that may coincide with the bearish channel bottom line which was mentioned through the previous reports, but if the pair traded back above 1.5750 level it will search for a good resistance level such as 1.5885 that may coincide with the channel top line.

Res: 1.5843 1.5909 1.5950
Pivot: 1.5802
Sup: 1.5736 1.5695 1.5629
[IMG][url=http://www.herosh.com][img]http://img102.herosh.com/2011/09/14/509499306.png[/url]


[B]USD/CHF[/B]

The USD/CHF pair has stopped the previous rising with the stability of the resistance level 0.8940 to fall facing the support level 0.8770 during the current trades, that move was expected in case the mentioned resistance held against the pair rising, as if the current support level held it will push the pair to rise in order to retest the resistance level 0.8940 then to the resistance level 0.9010, but if the pair continued the previous falling to pass down 0.8770 support it will target the next support at 0.8570 level.

The previous analyze remains

Res: 0.8868 0.8933 0.8988
Pivot: 0.8813
Sup: 0.8748 0.8693 0.8628
[IMG][url=http://www.herosh.com][img]http://img102.herosh.com/2011/09/14/63566687.png[/url]


[B]USD/CAD[/B]

As it was expected yesterday, the pair declined targeting the support level 0.9825 forming a new higher bottom at the level 0.9845, the pair rose during the last intraday trades to re-test the near resistance level and now it is testing the level 0.9935 which represents 50.0% of fibonacci's correction level for the bearish move (from 1.0025 to 0.9845), braking this level upside means more rising targeting the level 0.9983 followed by 1.0025, forming a bearish top at the resistance level 0.9935 means returning the pair to decline to re-test the support level 0.9845, breaking this level downside leads to the expectation of declining the pair targeting the support level 0.9735.

Res: 0.9938 1.0020 1.0065
Pivot: 0.9893
Sup: 0.9811 0.9766 0.9684
[IMG][url=http://www.herosh.com][img]http://img105.herosh.com/2011/09/14/369323417.png[/url]


[B]AUD/USD[/B]

The AUD/USD pair failed to break the resistance level 1.0360 which represents 50.0% of fibonacci's correction level for the last bullish wave (From 0.9930 to 1.0760) the pair formed many tops at this level which pushed the pair to decline breaking the level 1.0245 0360 which represents 50.0% of fibonacci's correction level for the last bullish wave, it is expected that the pair will continue declining targeting the level 1.0125 which represents 76.4% of fibonacci's correction level.

The stability of these expectations requires the stability of the resistance level 1.0245.

Res: 1.0369 1.0428 1.0483
Pivot: 1.0314
Sup: 1.0255 1.0200 1.0141
[ATTACH]1511.vB[/ATTACH]

 

[GIGFX]

Tuesday September 20th 2011 GIGFX Technical Analysis Report

EUR/USD

Yesterday, the pair failed to break the resistance level 1.3712 which represents the bottom barrier of the bearish gap that has been formed at the beginning of this week#s trades so the pair failed to cover the whole gap to continue declining till it formed a bearish bottom at the support level 1.3585, the pair is still tradinf above this level ina strong sign to continue rising again to test the resistance level 1.3712 which with its breaking upside means more rising targeting the level 1.3802 which represents 61.8% of fibonacci's correction level for the bearish move (from 1.3936 to 1.3585), breaking the support level 1.3585 means more declining till the support level 1.3500.

Res: 1.3740 1.3796 1.3873
Pivot: 1.3663
Sup: 1.3607 1.3530 1.3474

[/url]


[B]GBP/ USD[/B]

The GBP/USD pair is still trading inside the bearish channel; it was able to test the channel's top border during last week trades ending and it wasn't able to have a good close above it then it reversed down starting this week trades with a continuous gap for the bearish direction, a further drop is expected for it affected by the formed AB=CD pattern which target the support level 1.5495 to end the pattern by the CD wave, with remaining the probability of rising again to retest the resistance level 1.5780 to cover the price gap and also testing the channel's top border.

This scenario depends on the resistance level 1.5780.

Previous analysis is still remaining till now

Res: 1.5760 1.5819 1.5883
Pivot: 1.5696
Sup: 1.5637 1.5573 1.5514
[IMG][url=http://www.herosh.com][img]http://img105.herosh.com/2011/09/20/237485924.png[/url]


[B]USD/CHF[/B]

The USD/CHF was able to form a bottom at 0.8640 level, to rise up from this level giving the possibility of forming the harmonic pattern AB=CD, where the mentioned bottom represents the C point for the pattern and the previous top at 0.8928 represents the B point, as if the pair was able to break the B point it will target Initially 0.9000 resistance level then 0.9100 as the pattern final target, but if the B point (0.8928) level held it will push the pair to fall in order to retest the support level 0.8640 that represents the C point.

Res: 0.8864 0.8909 0.8943
Pivot: 0.8830
Sup: 0.8785 0.8751 0.8706
[IMG][url=http://www.herosh.com][img]http://img103.herosh.com/2011/09/20/721478144.png[/url]

[B]USD/CAD[/B]

On the contrary of what was expected yesterday, the pair broke the resistance level 0.9846 and also broke the neckline of the head and shoulders pattern that has been mentioned in the last analysis, this rising above the neckline menas a weak probability of of forming this pattern of any bearish target, so the pair continued rising till reached the level 0.9933 which represents 61.8% of fibonacci's correction level for the bearish move (from 1.0025 to 0.9783), during the upcoming trades if the pair succeeded to break the support level 0.9933 upside it means more rising till the level 1.0025 and if the pair failed to break this level with the probability of forming a top that will push the pair to decline targeting the level 0.9846 followed by the level 0.9783.

Res: 0.9948 0.9994 1.0066
Pivot: 0.9876
Sup: 0.9830 0.9758 0.9712
[IMG][url=http://www.herosh.com][img]http://img102.herosh.com/2011/09/20/497184472.png[/url]


[B]AUD/USD[/B]

The AUD/USD pair was able to form a bearish bottom during the previous trades at 1.0147 level, to rise from this level during the current trades, the RSI indicator shows a divergence that reflects the bearish movement, leading the expectations for the pair to rise targeting the resistance level 1.0292 then 1.0382 that represents 38.2% correction level for the bearish move from 1.0763 to 1.0147.

This scenario requires the stability of the support level 1.0147.

Res: 1.0300 1.0380 1.0447
Pivot: 1.0233
Sup: 1.0153 1.0086 1.0006
[ATTACH]1531.vB[/ATTACH]

 

[GIGFX]

Wednesday September 21st 2011 GIGFX Technical Analysis Report

EUR/USD

The European currency achieved some gains yesterday by rising against the U.S. dollar reaching the highest price at the level 1.3743, it was expected that the pair will rose targeting to re-test the resistance level 1.3712 that the pair was unable to hold below it till this moment, this level coincides with the bearish trendline for mid-term trades so it is hard to break this area upside, it is expected that the pair will decline again targeting the support level 1.3585 followed by the level 1.3500, this scenario requires the stability of coinciding area of the bearish trendline with the resistance level 1.3712, breaking this area upside means more rising targeting the level 1.3900.

Res: 1.3765 1.3829 1.3916
Pivot: 1.3678
Sup: 1.3614 1.3527 1.3463

[/url]


[B]GBP/ USD[/B]

The GBP/USD pair is still trading inside the bearish channel; it was able to test the channel's top border during last week trades ending and it wasn't able to have a good close above it then it reversed down starting this week trades with a continuous gap for the bearish direction, a further drop is expected for it affected by the formed AB=CD pattern which target the support level 1.5495 to end the pattern by the CD wave, with remaining the probability of rising again to retest the resistance level 1.5780 to cover the price gap and also testing the channel's top border.

This scenario depends on the resistance level 1.5780.

Previous analysis is still remaining till now

Res: 1.5769 1.5803 1.5860
Pivot: 1.5712
Sup: 1.5678 1.5621 1.5587
[IMG][url=http://www.herosh.com][img]http://img102.herosh.com/2011/09/21/197934071.png[/url]


[B]USD/CHF[/B]

The USD/CHF was able to rise during the previous reads reaching 0.8985 price approaching the AB=CD harmonic pattern initial target at 0.9000, it is expected with trading above this level with a good close above it that the pair will have a further rising targeting the resistance level 0.9100, but the stability of the current resistance will push the pair to retest the nearest support level and may lead the pair to the support level 0.8640.

Res: 0.8939 0.8994 0.9069
Pivot: 0.8864
Sup: 0.8809 0.8734 0.8679
[IMG][url=http://www.herosh.com][img]http://img103.herosh.com/2011/09/21/252580118.png[/url]


[B]USD/CAD[/B]

The USD/CAD pair is still unable to break up the resistance level 0.9933 which represents 61.8% Fibonacci retracement correction level for the bearish wave (from 1.0025 to 0.9783) with a strong signal on declining again to test the support level 0.9875, with breaking it down; a further drop will be indicated till the level 0.9783, this bearish scenario depends on the stability of the resistance level 0.9933, breaking this level up means rising till the level 1.0025.

Res: 0.9953 0.9983 1.0019
Pivot: 0.9917
Sup: 0.9887 0.9851 0.9821
[IMG][url=http://www.herosh.com][img]http://img105.herosh.com/2011/09/21/780910323.png[/url]


[B]AUD/USD[/B]

As was expected through yesterday report that the AUD/USD pair reached the resistance level 1.0292, this bullish scenario was supported by a positive reversal divergence for the bearish direction, till this moment the pair is unable to break up the resistance level 1.0292 with the strong probability of declining again till the level 1.0230 then the level 1.0147, but in case of breaking up the resistance level 1.0292 means a further rise till the level 1.0382 which represents 38.2% Fibonacci retracement correction level for the bearish direction (from 1.763 to 1.0147).

Res: 1.0341 1.0408 1.0505
Pivot: 1.0244
Sup: 1.0177 1.0080 1.0013
[ATTACH]1540.vB[/ATTACH]