<![CDATA[JGV Finance Forum

<![CDATA[JGV Finance Forum - All Forums]]> http://forum.jgvfinance.com/ Thu, 02 Sep 2010 21:09:03 -0500 MyBB <![CDATA[Technical Analysis 2/09/2010 FXCBS]]> http://forum.jgvfinance.com/thread-831.html Thu, 02 Sep 2010 06:19:29 -0500 http://forum.jgvfinance.com/thread-831.html Thursday September 2 , 2010

Previous session overview

The pair Euro against the U.S. dollar traded during the Asia session in a narrow range between the highest level at 1.28134 and the lowest level at 1.27816, while the pair trading now around the level of 1.280098.

The pair Sterling against the U.S. dollar traded during the Asia session in a narrow range between the highest level at 1.54604 and the lowest level at 1.53930, while the pair trading now around the level of 1.54151.

Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 84.071 and the highest level at 84.551 , the pair trading now around the level of 84.142.

Market Expectations

EUR/USD : We expect today a decline for the pair Euro against the U.S. dollar which will start after the pair can penetrate the level of 1.2770, which may lead the pair to the level 1.26520, stability of the trading below the level 1.28500 necessary to achieve these expectations.

[Image: EURUSD.gif]

GBP/USD : We expect today a decline for the pair Sterling against the U.S dollar to the level 1.53000 then to the level of 1.52450; these expectations require stability of the trading below the level of 1.54850.

[Image: GBPUSD.gif]

USD/JPY : SMA 50 is still preventing the pair from reaching the resistance at 84.85; while a negative intersection on Stochastic signals that the previously suggested bearish intraday direction is still valid, with targets at 83.450then 83.000 that requires a four-hour closing below 84.850.

[Image: USDJPY.gif]

[B][B][B][B]Senior Analyst / Ali Hasan /[URL="http://www.fxcbs.com/"]FXCBS[/URL]

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[URL="http://www.fxcbs.com/"]Forex ECN Broker[/URL] | [URL="http://www.fxcbs.com/"]Currency Online Trading[/URL] | [URL="http://www.fxcbs.com/"]Low Spread[/URL] | [URL="http://www.fxcbs.com/"]Free Trading Software[/URL][/B][/B][/B][/B]]]> <![CDATA[Forexpros Daily Analysis - 02/09/2010]]> http://forum.jgvfinance.com/thread-830.html Thu, 02 Sep 2010 05:13:00 -0500 http://forum.jgvfinance.com/thread-830.html ForexPros Daily Analysis September 02, 2010

Euro Dollar

For the first time in 11 days the Euro reached 1.28, penetrating the resistance in yesterday’s report 1.2792, declaring that it refuses to give up. However, the rise stopped just before our target 1.2871, and the pair consolidated around 1.28 without getting very far from it, which keeps the hopes of more upside activity alive. Looking at the hourly chart, we see an obvious horizontal support at last week’s high 1.2777. The drop in the Asian session stopped only 3 pips above it, to give it more importance. If we hold above this level, the current bounce is expected to add more gains. But if broken, the Euro will gradually give up the latest gains, and will drop to 1.2676 first, and at a later time to 1.2550. On the other hand, the resistance now is at 1.2825, and if broken, then the odds of breaking 1.2871 will be enormous. In this case, we expect the Euro to continue running the show, and to target relatively high levels, such as the important Fibonacci levels at 1.2959 & 1.3047. We do hope that Tomorrow’s US jobs report will put an end to the boredom and frustration trading the Euro has brought in the last two weeks.

Support:
• 1.2777: last week’s top, Aug 27th high, and an obvious hourly support.
• 1.2676: the bottom of the rising channel on the hourly chart.
• 1.2550: the support area containing Jul 7th & 12th lows.

Resistance:
• 1.2825: Fibonacci 61.8% for the short term.
• 1.2595: Fibonacci 50% level for the drop from the 4-month high of 1.3332.
• 1.3047: Fibonacci 61.8% level for the drop from the 4-month high of 1.3332.

---

USD/JPY

One again, Dollar/Yen traded below the 84 level for a short while, then jumped to around 84.60 and consolidated above 84, just like it did less than 24 hours ago! This is probably just a short break, and once it is over, we expect the Yen’s strength to continue, and we believe we will see levels below 83.58 on the short term. We have noticed an ideal (Dark Cloud Cover) candle pattern on the daily chart (please refer to the attached chart), and this is a well known bearish pattern which promises more excitement as we drop lower & lower, especially after the BoJ disappointing the markets yesterday, and the “Japs” saying that they are “watching the currency movement closely”! The market has had it with such statements, the “japs” now will have to take a seat and watch the spectacular Yen show against the Dollar & the Euro. Short term support is at 84.06, if broken, we will be on the way to our long awaited target 82.25, and may be later we will test the psychological level 80.00, given enough time. On the other hand, it is hard now to imagine the Dollar beating the 84.81 resistance, but if it does, it will be violent in the face of those who believe in the Yen, and will shoot to 86.25 & may be 86.81.

Support:
• 84.06: Fibonacci 61.8% for the short term.
• 82.25: the trend line combining the monthly lows of Dec 08, Jan & Nov 09, on the weekly chart.
• 80.00: psychological level.

Resistance:
• 84.81: the falling trend line from Jun 4th top, a very important line.
• 86.25: Jul 16th low.
• 86.81: Jul 26th & 27th low.

---

GBP/USD

The moment the Pound broke 1.5441 on Monday, this pair has left the “neutral zone” which we said is between 1.5587 & 1.5441. Therefore, it is only logical now to expect the Pound to dive. But after more than 240 pips down from yesterday’s top, the short term correction we are seeing now is (As we said yesterday) no surprise, with a condition of staying below 1.5480. The Pound is notorious for breaking, then moving in the other direction, before moving in the right direction smoothly and strongly. And now that we have tested 1.5480, we should wait and see what will the price do with it! Breaking this important level (in case it happens) can change the outlook dramatically! Short term support is at 1.5395, which was tested earlier this morning. If broken, the Pound will continue to fall, and it will target 1.5262 & 1.5151. On the other hand, the price has challenged 1.5480 yesterday, but it dropped more than 90 pips from yesterday’s high. If we maintain trading below it, that will not change a thing. But if we break it, our negative outlook will suffer. The resistance we put our attention at is 1.5441, which is the “guardian” of 1.5480! if broken, the price will shoot up to the very important 1.5596, and the most important 1.5700.

Support:
• 1.5392: short term 61.8% Fibonacci level.
• 1.5262: Jul 5th high.
• 1.5151: Jul 20th low

Resistance:
• 1.5441: the falling trend line from yesterday’s top on intraday charts.
• 1.5596: Aug 26th high and the slowly falling trend line from Aug 16th top.
• 1.5700: Aug 16th important top.

---

Forex trading analysis written by Munther Marji for Forexpros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.]]> ForexPros Daily Analysis September 02, 2010

Euro Dollar

For the first time in 11 days the Euro reached 1.28, penetrating the resistance in yesterday’s report 1.2792, declaring that it refuses to give up. However, the rise stopped just before our target 1.2871, and the pair consolidated around 1.28 without getting very far from it, which keeps the hopes of more upside activity alive. Looking at the hourly chart, we see an obvious horizontal support at last week’s high 1.2777. The drop in the Asian session stopped only 3 pips above it, to give it more importance. If we hold above this level, the current bounce is expected to add more gains. But if broken, the Euro will gradually give up the latest gains, and will drop to 1.2676 first, and at a later time to 1.2550. On the other hand, the resistance now is at 1.2825, and if broken, then the odds of breaking 1.2871 will be enormous. In this case, we expect the Euro to continue running the show, and to target relatively high levels, such as the important Fibonacci levels at 1.2959 & 1.3047. We do hope that Tomorrow’s US jobs report will put an end to the boredom and frustration trading the Euro has brought in the last two weeks.

Support:
• 1.2777: last week’s top, Aug 27th high, and an obvious hourly support.
• 1.2676: the bottom of the rising channel on the hourly chart.
• 1.2550: the support area containing Jul 7th & 12th lows.

Resistance:
• 1.2825: Fibonacci 61.8% for the short term.
• 1.2595: Fibonacci 50% level for the drop from the 4-month high of 1.3332.
• 1.3047: Fibonacci 61.8% level for the drop from the 4-month high of 1.3332.

---

USD/JPY

One again, Dollar/Yen traded below the 84 level for a short while, then jumped to around 84.60 and consolidated above 84, just like it did less than 24 hours ago! This is probably just a short break, and once it is over, we expect the Yen’s strength to continue, and we believe we will see levels below 83.58 on the short term. We have noticed an ideal (Dark Cloud Cover) candle pattern on the daily chart (please refer to the attached chart), and this is a well known bearish pattern which promises more excitement as we drop lower & lower, especially after the BoJ disappointing the markets yesterday, and the “Japs” saying that they are “watching the currency movement closely”! The market has had it with such statements, the “japs” now will have to take a seat and watch the spectacular Yen show against the Dollar & the Euro. Short term support is at 84.06, if broken, we will be on the way to our long awaited target 82.25, and may be later we will test the psychological level 80.00, given enough time. On the other hand, it is hard now to imagine the Dollar beating the 84.81 resistance, but if it does, it will be violent in the face of those who believe in the Yen, and will shoot to 86.25 & may be 86.81.

Support:
• 84.06: Fibonacci 61.8% for the short term.
• 82.25: the trend line combining the monthly lows of Dec 08, Jan & Nov 09, on the weekly chart.
• 80.00: psychological level.

Resistance:
• 84.81: the falling trend line from Jun 4th top, a very important line.
• 86.25: Jul 16th low.
• 86.81: Jul 26th & 27th low.

---

GBP/USD

The moment the Pound broke 1.5441 on Monday, this pair has left the “neutral zone” which we said is between 1.5587 & 1.5441. Therefore, it is only logical now to expect the Pound to dive. But after more than 240 pips down from yesterday’s top, the short term correction we are seeing now is (As we said yesterday) no surprise, with a condition of staying below 1.5480. The Pound is notorious for breaking, then moving in the other direction, before moving in the right direction smoothly and strongly. And now that we have tested 1.5480, we should wait and see what will the price do with it! Breaking this important level (in case it happens) can change the outlook dramatically! Short term support is at 1.5395, which was tested earlier this morning. If broken, the Pound will continue to fall, and it will target 1.5262 & 1.5151. On the other hand, the price has challenged 1.5480 yesterday, but it dropped more than 90 pips from yesterday’s high. If we maintain trading below it, that will not change a thing. But if we break it, our negative outlook will suffer. The resistance we put our attention at is 1.5441, which is the “guardian” of 1.5480! if broken, the price will shoot up to the very important 1.5596, and the most important 1.5700.

Support:
• 1.5392: short term 61.8% Fibonacci level.
• 1.5262: Jul 5th high.
• 1.5151: Jul 20th low

Resistance:
• 1.5441: the falling trend line from yesterday’s top on intraday charts.
• 1.5596: Aug 26th high and the slowly falling trend line from Aug 16th top.
• 1.5700: Aug 16th important top.

---

Forex trading analysis written by Munther Marji for Forexpros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.]]> <![CDATA[Short Term Technical Analysis for Majors (08:45 GMT)]]> http://forum.jgvfinance.com/thread-829.html Thu, 02 Sep 2010 05:10:57 -0500 http://forum.jgvfinance.com/thread-829.html EUR/USD

Remains in recovery mode off 1.2586/1.2625, 24/31 Aug lows. Yesterday’s breach at 1.2741/78 resistance zone has so far seen 1.2855, with slight ease expected to precede fresh gains to test 1.2870, 38% retracement of 1.3332/1.2586 downleg. However, while 1.2870/1.2931 zone holds, the latest rally is seen corrective. Only break above the latter would signal stronger recovery.

Res: 1.2855, 1.2870, 1.2903, 1.2931
Sup: 1.2741, 1.2725, 1.2693, 1.2660

[Image: eurusd_20100902084244.gif]

GBP/USD

Near-term structure off yesterday's 1.5336 low suggests scope for a further swing higher towards 1.5500 area, where a lower high may form. Reversal below 1.5336, however, opens up 1.5125, 21 Jul low. Reclaim of 1.5596, 26 Aug low improves.

Res: 1.5458, 1.5495, 1.5543, 1.5573
Sup: 1.5335, 1.5296, 1.5250, 1.5235

[Image: gbpusd_20100902084212.gif]

USD/JPY

Maintains negative tone, recovery off 83.58 failed at 85.89. Fresh weakness has so far reached 83.81, confirming a lower ceiling at 85.59. Break under 83.81/58 opens 83.10/82.30 next, while 84.59/82 caps for now.

Res: 84.67, 84.82, 85.19, 85.46
Sup: 83.90, 83.66, 83.51, 83.10

[Image: usdjpy_20100902084140.gif]

USD/CHF

Continues to trend lower, targeting a major bear flag trendline at 1.0065, drawn off Mar 2008 low. Break here would signal significant medium to longer-term weakness, with immediate target standing at 0.9916, 2009 low, posted 26 Nov. Only regain of 1.0307 would ease bear pressure.

Res: 1.0186, 1.0224, 1.0250, 1.0261
Sup: 1.0065, 1.0027, 0.9980, 0.9960

[Image: usdchf_20100902084103.gif]

]]> EUR/USD

Remains in recovery mode off 1.2586/1.2625, 24/31 Aug lows. Yesterday’s breach at 1.2741/78 resistance zone has so far seen 1.2855, with slight ease expected to precede fresh gains to test 1.2870, 38% retracement of 1.3332/1.2586 downleg. However, while 1.2870/1.2931 zone holds, the latest rally is seen corrective. Only break above the latter would signal stronger recovery.

Res: 1.2855, 1.2870, 1.2903, 1.2931
Sup: 1.2741, 1.2725, 1.2693, 1.2660

[Image: eurusd_20100902084244.gif]

]]> <![CDATA[Technical Analysis 1/09/2010 FXCBS]]> http://forum.jgvfinance.com/thread-828.html Wed, 01 Sep 2010 08:40:48 -0500 http://forum.jgvfinance.com/thread-828.html Wednesday September 1 , 2010

Previous session overview

The pair Euro against the U.S. dollar traded during the trading today between the lowest level at 1.26627 and the highest level at 1.27732, while the pair trading now around the level of 1.27681.

The pair Sterling against the U.S. dollar traded during the trading today between the lowest level at 1.53350 and the highest level at 1.54176, while the pair trading now around the level of 1.53761.

Finally the pair U.S. dollar against the Japanese Yen traded between the lowest level at 83.938 and the highest level at 84.578 , the pair trading now around the level of 84.037.

Market Expectations

EUR/USD : etermined indicators start show negative sign for the pair Euro against the U.S. dollar which may lead the pair to decline again to retest the level of 1.27300, and if it can penetrate it may reach to the level of 1.26850.

[Image: EURUSD.gif]

GBP/USD : We expect more decline for the pair Sterling against the U.S. dollar to the target of 1.52850, these expectation require stability of the trading below the level of 1.54450.

[Image: GBPUSD.gif]

USD/JPY : The pair is finding a hard time surpassing 84.500, where we still await for it to build a base on the resistance at 84.750 before heading towards this morning’s suggested targets. From here, our expectations remain intact as long as stability is below 84.850.

[Image: USDJPY.gif]

[B][B][B][B]Senior Analyst / Ali Hasan /[URL="http://www.fxcbs.com/"]FXCBS[/URL]

[URL="http://www.fxcbs.com/newsletter/daily.html"]Newsletter[/URL]

[URL="http://www.fxcbs.com/"]Forex ECN Broker[/URL] | [URL="http://www.fxcbs.com/"]Currency Online Trading[/URL] | [URL="http://www.fxcbs.com/"]Low Spread[/URL] | [URL="http://www.fxcbs.com/"]Free Trading Software[/URL][/B][/B][/B][/B]]]> <![CDATA[Need help regarding SEO]]> http://forum.jgvfinance.com/thread-827.html Wed, 01 Sep 2010 07:27:01 -0500 http://forum.jgvfinance.com/thread-827.html <![CDATA[Forexpros Daily Analysis - 01/09/2010]]> http://forum.jgvfinance.com/thread-826.html Wed, 01 Sep 2010 05:11:29 -0500 http://forum.jgvfinance.com/thread-826.html ForexPros Daily Analysis September 01, 2010

Euro Dollar

Monday’s headline for the EURUSD was “Slowly rising, signaling weakness”, and the Euro listened, and kept on falling from the weekly open, losing more than 140 pips from yesterday’s Asian session high. And with this drop, the pair broke our support 1.2643 only to disappoint and drop less than 20 pips below it. But the surprise came yesterday just after the NY open, when the Euro bounced and jumped from its 5-day low at 1.2624, to 1.2741. This surprising jump could mean that the single currency has not given up yet, and that it will try to overcome a negative outlook. Short term resistance is at 1.2792, and breaking it will mean that it is able of achieving more games. The targets will be 1.2871 & 1.2959. The support is at 1.2684, and if broken, the drop will be resumed to the attractive 1.2550, and later to the all important 1.2432.

Support:
• 1.2684: Fibonacci 61.8% short term.
• 1.2550: the support area containing Jul 7th & 12th lows.
• 1.2432: Fibonacci 61.8% for the whole rise from 1.1875 to 1.3332.

Resistance:
• 1.2792: Fibonacci 61.8% for the drop from 1.2920.
• 1.2871: Fibonacci 38.2% level for the drop from the 4-month high of 1.3332.
• 1.2595: Fibonacci 50% level for the drop from the 4-month high of 1.3332.

---

USD/JPY

Dollar/Yen traded below the 84 level for a short while, then jumped to around 84.60 and consolidated above 84. This is probably just a short break, and once it is over, we expect the Yen’s strength to continue, and we believe we will see levels below 83.58 on the short term. We have noticed an ideal (Dark Cloud Cover) candle pattern on the daily chart (please refer to the attached chart), and this is a well known bearish pattern which promises more excitement as we drop lower & lower, especially after the BoJ disappointing the markets yesterday, and the “Japs” saying that they are “watching the currency movement closely”! The market has had it with such statements, the “japs” now will have to take a seat and watch the spectacular Yen show against the Dollar & the Euro. Short term support is at 84.11, if broken, we will be on the way to our long awaited target 82.50, and may be later we will test the psychological level 80.00, given enough time. On the other hand, it is hard now to imagine the Dollar beating the 84.88 resistance, But if it does, it will be violent in the face of those who believe in the Yen, and will shoot to 86.25 & may be 86.81.

Support:
• 84.11: the rising trend line from last week’s low on the hourly chart.
• 82.50: the trend line combining the monthly lows of Dec 08, Jan & Nov 09, on the weekly chart.
• 80.00: psychological level.

Resistance:
• 84.88: the falling trend line from Jun 4th top, a very important line.
• 86.25: Jul 16th low.
• 86.81: Jul 26th & 27th low.

---

GBP/USD

The Pound broke the support specified in yesterday’s report 1.5405, and dropped exactly as expected to reach 1.5326, which was not enough to meet our suggested target which was pips below 1.53. With this break this pair has left the “neutral zone” which we said is between 1.5587 & 1.5441. Therefore, it is only logical now to expect the Pound to dive. But after more than 240 pips down from yesterday’s top, the price is subject to a short term correction, with a condition of staying below 1.5480. The Pound is notorious for breaking, then moving in the other direction, before moving in the right direction smoothly and strongly. Short term support is at 1.5382, which we are trading just above as this report is prepared. If broken, the Pound will continue to fall, and it will target 1.5293 & 1.5224. On the other hand, we could see a correction up to 1.5480, without changing this negative outlook. But if the Pound manages to break the resistance 1.5480, our negative outlook will suffer, and the price will shoot up to the very important 1.5596, and the most important 1.5757.

Support:
• 1.5382: short term 38.2% Fibonacci level.
• 1.5293: Jul 22nd high.
• 1.5224: Jul 6th high.

Resistance:
• 1.5480: Fibonacci 61.8% for the drop from Monday’s top.
• 1.5596: Aug 26th high and the slowly falling trend line from Aug 16th top.
• 1.5757: Fibonacci 61.8% for the drop from Aug 6th major top.

---

Forex trading analysis written by Munther Marji for Forexpros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.]]> ForexPros Daily Analysis September 01, 2010

Euro Dollar

Monday’s headline for the EURUSD was “Slowly rising, signaling weakness”, and the Euro listened, and kept on falling from the weekly open, losing more than 140 pips from yesterday’s Asian session high. And with this drop, the pair broke our support 1.2643 only to disappoint and drop less than 20 pips below it. But the surprise came yesterday just after the NY open, when the Euro bounced and jumped from its 5-day low at 1.2624, to 1.2741. This surprising jump could mean that the single currency has not given up yet, and that it will try to overcome a negative outlook. Short term resistance is at 1.2792, and breaking it will mean that it is able of achieving more games. The targets will be 1.2871 & 1.2959. The support is at 1.2684, and if broken, the drop will be resumed to the attractive 1.2550, and later to the all important 1.2432.

Support:
• 1.2684: Fibonacci 61.8% short term.
• 1.2550: the support area containing Jul 7th & 12th lows.
• 1.2432: Fibonacci 61.8% for the whole rise from 1.1875 to 1.3332.

Resistance:
• 1.2792: Fibonacci 61.8% for the drop from 1.2920.
• 1.2871: Fibonacci 38.2% level for the drop from the 4-month high of 1.3332.
• 1.2595: Fibonacci 50% level for the drop from the 4-month high of 1.3332.

---

USD/JPY

Dollar/Yen traded below the 84 level for a short while, then jumped to around 84.60 and consolidated above 84. This is probably just a short break, and once it is over, we expect the Yen’s strength to continue, and we believe we will see levels below 83.58 on the short term. We have noticed an ideal (Dark Cloud Cover) candle pattern on the daily chart (please refer to the attached chart), and this is a well known bearish pattern which promises more excitement as we drop lower & lower, especially after the BoJ disappointing the markets yesterday, and the “Japs” saying that they are “watching the currency movement closely”! The market has had it with such statements, the “japs” now will have to take a seat and watch the spectacular Yen show against the Dollar & the Euro. Short term support is at 84.11, if broken, we will be on the way to our long awaited target 82.50, and may be later we will test the psychological level 80.00, given enough time. On the other hand, it is hard now to imagine the Dollar beating the 84.88 resistance, But if it does, it will be violent in the face of those who believe in the Yen, and will shoot to 86.25 & may be 86.81.

Support:
• 84.11: the rising trend line from last week’s low on the hourly chart.
• 82.50: the trend line combining the monthly lows of Dec 08, Jan & Nov 09, on the weekly chart.
• 80.00: psychological level.

Resistance:
• 84.88: the falling trend line from Jun 4th top, a very important line.
• 86.25: Jul 16th low.
• 86.81: Jul 26th & 27th low.

---

GBP/USD

The Pound broke the support specified in yesterday’s report 1.5405, and dropped exactly as expected to reach 1.5326, which was not enough to meet our suggested target which was pips below 1.53. With this break this pair has left the “neutral zone” which we said is between 1.5587 & 1.5441. Therefore, it is only logical now to expect the Pound to dive. But after more than 240 pips down from yesterday’s top, the price is subject to a short term correction, with a condition of staying below 1.5480. The Pound is notorious for breaking, then moving in the other direction, before moving in the right direction smoothly and strongly. Short term support is at 1.5382, which we are trading just above as this report is prepared. If broken, the Pound will continue to fall, and it will target 1.5293 & 1.5224. On the other hand, we could see a correction up to 1.5480, without changing this negative outlook. But if the Pound manages to break the resistance 1.5480, our negative outlook will suffer, and the price will shoot up to the very important 1.5596, and the most important 1.5757.

Support:
• 1.5382: short term 38.2% Fibonacci level.
• 1.5293: Jul 22nd high.
• 1.5224: Jul 6th high.

Resistance:
• 1.5480: Fibonacci 61.8% for the drop from Monday’s top.
• 1.5596: Aug 26th high and the slowly falling trend line from Aug 16th top.
• 1.5757: Fibonacci 61.8% for the drop from Aug 6th major top.

---

Forex trading analysis written by Munther Marji for Forexpros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.]]> <![CDATA[Forex4you Technical Analysis 31/08/10]]> http://forum.jgvfinance.com/thread-825.html Tue, 31 Aug 2010 06:52:51 -0500 http://forum.jgvfinance.com/thread-825.html EUR/USD: Technical Analysis

Prices sank lower yesterday but there was a sharp bullish push on the hourly chart this morning. This may signal the next wave up, which is probably the C wave of a zig-zag pattern which is correcting the 5-wave move down from the Aug 6th highs.

C could end at significant resistance highs at 1.2920 and this is also the terminus of the wave 4 of lesser degree –a common endpoint for corrections. A more conservative target could be 1.2815, where wave C would be exactly equal to wave A, their most common relationship.

There is also the possibility prices will push even lower and break the 1.2625 lows. This could mean wave B was still unfolding and we were in a flat correction instead.

[Image: EURUSD310810.png]

GBP/USD: Technical Analysis

Support 1.5500/1.5490 breakout was an early signal to a downward movement and suggested strengthening of the “bearish” potential, as well as high-possibility for a downtrend scenario.
The price fall below 1.5470 confirmed the “bearish” power, and the trading is currently carried on at 1.5390 with the “bears” trying to break it and continue their trend. Indicators turned downwards, which gives grounds to expect the “bearish” attempts to be successful. Nevertheless, only the breakout of level 1.5380, which is a previous local minimum and a strong support, will give sound grounds to anticipate target level 1.5340/30 testing. Key resistance 1.5550 breakout and the following upward movement will suggest a reversal to the “bullish” moods. In this case levels 1.5790/1.5800 are likely to be tested in the nearest time.

[Image: GBP%20USD_26.GIF]

GBP/USD : Stability of the trading for the pair Sterling against the U.S. dollar below the level of 50 Moving average lead us to expect more decline for the pair today to the level of 1.53850 then to the level of 1.53180.

[Image: GBPUSD.gif]

USD/JPY : We expect today a more decline for the pair U.S. dollar against the Japanese Yen, stability of the trading below the level of 50 Moving Average support our expectations to decline to the level 83.100.

[Image: USDJPY.gif]

[B][B][B][B]Senior Analyst / Ali Hasan /[URL="http://www.fxcbs.com/"]FXCBS[/URL]

[URL="http://www.fxcbs.com/newsletter/daily.html"]Newsletter[/URL]

[URL="http://www.fxcbs.com/"]Forex ECN Broker[/URL] | [URL="http://www.fxcbs.com/"]Currency Online Trading[/URL] | [URL="http://www.fxcbs.com/"]Low Spread[/URL] | [URL="http://www.fxcbs.com/"]Free Trading Software[/URL][/B][/B][/B][/B]]]> <![CDATA[Forexpros Daily Analysis - 31/08/2010]]> http://forum.jgvfinance.com/thread-823.html Tue, 31 Aug 2010 05:19:45 -0500 http://forum.jgvfinance.com/thread-823.html ForexPros Daily Analysis August 31, 2010

Euro Dollar
Yesterday’s headline for the EURUSD was “Slowly rising, signaling weakness”, and the Euro listened, and kept on falling from the weekly open, losing more than 130 pips from its Asian session high. And with this drop, the pair broke our support 1.2675 and dropped more than 40 pips below it so far. This break, even though did not have immediate results, will destroy the Euro on the short term, and probably harm it on the medium term as well. The reason we believe so is that, this break in specific is the single most important technical factor in classifying the rise from 1.2586 as purely corrective. Therefore, we expect the pair to lose ground, and start to drop with targets below last Tuesday’s bottom. Short term support is at 1.2643, and once it is broken we will target the same targets suggested yesterday: 1.2550 first then the all important 1.2432, which is critical for the medium term outlook. On the other hand, the resistance is at 1.2721, and breaking it would reverse the affect of the channel break. This is highly unexpected, but if it happens, the Euro will reject our negative outlook and target important Fibonacci levels at 1.2792 & 1.2871.

Support:
• 1.2643: important intraday level.
• 1.2550: the support area containing Jul 7th & 12th lows.
• 1.2432: Fibonacci 61.8% for the whole rise from 1.1875 to 1.3332.

Resistance:
• 1.2721: Fibonacci 61.8% for the drop from Friday’s top.
• 1.2792: Fibonacci 61.8% for the drop from 1.2920.
• 1.2871: Fibonacci 38.2% level for the drop from the 4-month high of 1.3332.

---

USD/JPY

Although it came close to the 86 level after this week’s open, reaching a 9-day high, Dollar/Yen came back down in the midst of the disappointment of the BoJ yesterday. The Yen is back in the driver’s seat, and it will drive this pair lower again. The support specified in yesterday’s report at 84.77 was broken, and the price dropped to 84.11 so far. We expect the Yen’s strength to continue, and we believe we will see levels below 83.58 on the short term. We have noticed an ideal (Dark Cloud Cover) candle pattern on the daily chart (please refer to the attached chart), and this is a well known bearish pattern which promises more excitement as we drop lower & lower, especially after the BoJ disappointing the markets yesterday, and the “Japs” saying that they are “watching the currency movement closely”! The market has had it with such statements, the “japs” now will have to take a seat and watch the spectacular Yen show against the Dollar & the Euro. Short term support is at 84.03, if broken, we will be on the way to our long awaited target 82.50, and may be later we will test the psychological level 80.00, given enough time. On the other hand, it is hard now to imagine the Dollar beating the 85.21 resistance, But if it does, it will be violent in the face of those who believe in the Yen, and will shoot to 86.25 & may be 86.81.

Support:
• 84.03: previous well known support/
• 82.50: the trend line combining the monthly lows of Dec 08, Jan & Nov 09, on the weekly chart.
• 80.00: psychological level.

Resistance:
• 85.21: Fibonacci 61.8% for the drop from yesterday’s high.
• 86.25: Jul 16th low.
• 86.81: Jul 26th & 27th low.

---

GBPUSD

Early this morning, the Pound broke the support specified in yesterday’s report 1.5441, after holding above it all day yesterday. With this break this pair has left the “neutral zone” which we said is between 1.5587 & 1.5441. Therefore, it is only logical now to expect the Pound to dive. But after more than 150 pips down from yesterday’s top, the price is subject to a short term correction, with a condition of staying below 1.5510. The Pound is notorious for breaking, then moving in the other direction, before moving in the right direction smoothly and strongly. Short term support is at 1.5405, which we are trading just above as this report is prepared. If broken, the Pound will continue to fall, passing by 1.53 areas swiftly, and target 1.5293 & 1.5224. On the other hand, we could see a correction up to 1.5510, without changing this negative outlook. But if the Pound manages to break the resistance 1.5510, our negative outlook will suffer, and the price will shoot up to the important 1.5596, and the most important 1.5757.

Support:
• 1.5405: previous support/resistance area.
• 1.5293: Jul 22nd high.
• 1.5224: Jul 6th high.

Resistance:
• 1.5510: Fibonacci 61.8% for the drop from yesterday’s top.
• 1.5596: Aug 26th high and the slowly falling trend line from Aug 16th top.
• 1.5757: Fibonacci 61.8% for the drop from Aug 6th major top.

---

Forex trading analysis written by Munther Marji for Forexpros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.]]> ForexPros Daily Analysis August 31, 2010

Euro Dollar
Yesterday’s headline for the EURUSD was “Slowly rising, signaling weakness”, and the Euro listened, and kept on falling from the weekly open, losing more than 130 pips from its Asian session high. And with this drop, the pair broke our support 1.2675 and dropped more than 40 pips below it so far. This break, even though did not have immediate results, will destroy the Euro on the short term, and probably harm it on the medium term as well. The reason we believe so is that, this break in specific is the single most important technical factor in classifying the rise from 1.2586 as purely corrective. Therefore, we expect the pair to lose ground, and start to drop with targets below last Tuesday’s bottom. Short term support is at 1.2643, and once it is broken we will target the same targets suggested yesterday: 1.2550 first then the all important 1.2432, which is critical for the medium term outlook. On the other hand, the resistance is at 1.2721, and breaking it would reverse the affect of the channel break. This is highly unexpected, but if it happens, the Euro will reject our negative outlook and target important Fibonacci levels at 1.2792 & 1.2871.

Support:
• 1.2643: important intraday level.
• 1.2550: the support area containing Jul 7th & 12th lows.
• 1.2432: Fibonacci 61.8% for the whole rise from 1.1875 to 1.3332.

Resistance:
• 1.2721: Fibonacci 61.8% for the drop from Friday’s top.
• 1.2792: Fibonacci 61.8% for the drop from 1.2920.
• 1.2871: Fibonacci 38.2% level for the drop from the 4-month high of 1.3332.

---

USD/JPY

Although it came close to the 86 level after this week’s open, reaching a 9-day high, Dollar/Yen came back down in the midst of the disappointment of the BoJ yesterday. The Yen is back in the driver’s seat, and it will drive this pair lower again. The support specified in yesterday’s report at 84.77 was broken, and the price dropped to 84.11 so far. We expect the Yen’s strength to continue, and we believe we will see levels below 83.58 on the short term. We have noticed an ideal (Dark Cloud Cover) candle pattern on the daily chart (please refer to the attached chart), and this is a well known bearish pattern which promises more excitement as we drop lower & lower, especially after the BoJ disappointing the markets yesterday, and the “Japs” saying that they are “watching the currency movement closely”! The market has had it with such statements, the “japs” now will have to take a seat and watch the spectacular Yen show against the Dollar & the Euro. Short term support is at 84.03, if broken, we will be on the way to our long awaited target 82.50, and may be later we will test the psychological level 80.00, given enough time. On the other hand, it is hard now to imagine the Dollar beating the 85.21 resistance, But if it does, it will be violent in the face of those who believe in the Yen, and will shoot to 86.25 & may be 86.81.

Support:
• 84.03: previous well known support/
• 82.50: the trend line combining the monthly lows of Dec 08, Jan & Nov 09, on the weekly chart.
• 80.00: psychological level.

Resistance:
• 85.21: Fibonacci 61.8% for the drop from yesterday’s high.
• 86.25: Jul 16th low.
• 86.81: Jul 26th & 27th low.

---

GBPUSD

Early this morning, the Pound broke the support specified in yesterday’s report 1.5441, after holding above it all day yesterday. With this break this pair has left the “neutral zone” which we said is between 1.5587 & 1.5441. Therefore, it is only logical now to expect the Pound to dive. But after more than 150 pips down from yesterday’s top, the price is subject to a short term correction, with a condition of staying below 1.5510. The Pound is notorious for breaking, then moving in the other direction, before moving in the right direction smoothly and strongly. Short term support is at 1.5405, which we are trading just above as this report is prepared. If broken, the Pound will continue to fall, passing by 1.53 areas swiftly, and target 1.5293 & 1.5224. On the other hand, we could see a correction up to 1.5510, without changing this negative outlook. But if the Pound manages to break the resistance 1.5510, our negative outlook will suffer, and the price will shoot up to the important 1.5596, and the most important 1.5757.

Support:
• 1.5405: previous support/resistance area.
• 1.5293: Jul 22nd high.
• 1.5224: Jul 6th high.

Resistance:
• 1.5510: Fibonacci 61.8% for the drop from yesterday’s top.
• 1.5596: Aug 26th high and the slowly falling trend line from Aug 16th top.
• 1.5757: Fibonacci 61.8% for the drop from Aug 6th major top.

---

Forex trading analysis written by Munther Marji for Forexpros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.]]> <![CDATA[Energy Investment]]> http://forum.jgvfinance.com/thread-822.html Tue, 31 Aug 2010 05:18:58 -0500 http://forum.jgvfinance.com/thread-822.html
The energy sector is unaffected by the recession going across the economy.
The world energy holdings enables the investors to gain maximum from energy investments by selecting specific investments that are suitable for the investor needs.

The need for better investment in energy sector is profound as the future calls for more energy. It is found that the energy needs will rise by 40% in coming years. This is the reason why last year showed a high investment inflow of 155 billion dollars. World Energy Holdings is the parent company and governing body of World Energy Research.]]>
The energy sector is unaffected by the recession going across the economy.
The world energy holdings enables the investors to gain maximum from energy investments by selecting specific investments that are suitable for the investor needs.

The need for better investment in energy sector is profound as the future calls for more energy. It is found that the energy needs will rise by 40% in coming years. This is the reason why last year showed a high investment inflow of 155 billion dollars. World Energy Holdings is the parent company and governing body of World Energy Research.]]> <![CDATA[Short Term Technical Analysis for Majors (07:30 GMT)]]> http://forum.jgvfinance.com/thread-821.html Tue, 31 Aug 2010 03:01:46 -0500 http://forum.jgvfinance.com/thread-821.html EUR/USD

Failed to extend recovery off 1.2586, with reversal emerging from 1.2778, just above 23.6% retracement of 1.3332/1.2586 downleg. This has completed a rising wedge and market now looks for retest of 1.2586, break of which will open 1.2522 and 1.2480.

Res: 1.2675, 1.2715, 1.2745, 1.2778
Sup: 1.2608, 1.2586, 1.2522, 1.2480

[Image: eurusd_20100831073126.gif]

GBP/USD

Correction from 1.5371 has stalled at 1.5596, just under 1.5610, 38.2% retracement of 1.5997/1.5371 decline, with bears now attempting to complete a three-legged reversal off 1.5596. Potential break below 1.5371 would open fresh weakness, as short-term outlook remains negative.

Res: 1.5472, 1.5533, 1.5573, 1.5596
Sup: 1.5371, 1.5335, 1.5322, 1.5296

[Image: gbpusd_20100831073101.gif]

USD/JPY

Maintains negative tone, following yesterday’s failure of the recovery attempt from 83.58 at 85.89. This now opens way for retest of 83.58, yearly low, and 83.51, Jun 1995 low. Corrective attempts are seen limited by 84.50/82 for now.

Res: 84.50, 84.82, 85.19, 85.46
Sup: 84.04, 83.89, 83.58, 83.51

[Image: usdjpy_20100831073040.gif]

USD/CHF

Continues to trend lower towards a major bear flag trendline at 1.0065, drawn off the Mar 2008 low. Cycle low at 1.0220, 27 Aug low, is now being lost, with next target standing at 1.0130, 2010 low, posted 11 Jan. Upside, 1.0310/19 zone expected to cap.

Res: 1.0250, 1.0275, 1.0307, 1.0325
Sup: 1.0182, 1.0162, 1.0130, 1.0065

[Image: usdchf_20100831073014.gif]

]]> EUR/USD

Failed to extend recovery off 1.2586, with reversal emerging from 1.2778, just above 23.6% retracement of 1.3332/1.2586 downleg. This has completed a rising wedge and market now looks for retest of 1.2586, break of which will open 1.2522 and 1.2480.

Res: 1.2675, 1.2715, 1.2745, 1.2778
Sup: 1.2608, 1.2586, 1.2522, 1.2480

[Image: eurusd_20100831073126.gif]

]]> <![CDATA[Forex4you Technical Analysis 30/08/10]]> http://forum.jgvfinance.com/thread-820.html Mon, 30 Aug 2010 05:48:14 -0500 http://forum.jgvfinance.com/thread-820.html EUR/USD: Technical Analysis

As long as the 1.2674 lows hold then prices should continue higher reaching 1.2920 eventually, if not 1.2950. At that level they will encounter a cluster of resistance from the 50% Fibonacci retracement, the broken trend-line of the move up from the June lows and they will probably reverse and resume their downtrend.

[Image: EURUSD300810.png]

GBP/USD: Technical Analysis

Attempt to break support 1.5470 and commence the “bearish” scenario failed. The level was breached, but the price pulled back to consolidation range 1.5550 – 1.5470, where it still resides. Indicators are uncertain and don’t show any particular direction. Expectations, mentioned in the previous comments are still relevant – key resistance level 1.5550 breakout and fixation above will suggest the growth. But only level 1.5670/80 breakout will give a final signal to the “bullish” moods and anticipate levels 1.5790/1.5800 tests in the nearest time. The “bearish” trend will be prevailing if the price falls below 1.5470. In this case we’ll be expecting support level 1.5340/30 test. Support 1.5500/1.5490 breakout will be an early indicator of a downtrend.

[Image: GBP%20USD_25.GIF]

USD/JPY: Technical Analysis

The “bulls” breached resistance 85.10- 84.90 and even tested 85.80/90, but they didn’t manage to fix there, so the price is currently pulling back downwards and the trading is held at level 84.70/75. Indicators reversed to a downward movement, which suggests further price fall. On the other hand, there is support 84.40/50 on the way, which can become a pivot point. At the same time, complicated yen’s financial and political situation suggests a possible range trading, limited by levels 84.40/84.90 – 85.00/10, with a high risk of support range descending to 84.00/83.90. As for the middle-term outlook, the “bullish” mood is most likely to be dominating.

[Image: USD%20JPY_12.GIF]

GBP/USD : etermined indicators for the pair Sterling against the U.S. dollar start show negative sign which may lead the pair to decline to the level of 1.54400 to retest this level before we can say that the pair can decline more to the level 1.53850, stability of the trading below the level of 1.55550 necessary to achieve these expectations.

[Image: GBPUSD.gif]

USD/JPY : We expect today a decline for the pair U.S. dollar against the Japanese Yen to the level 84.230 , determined indicators support our expectations , these expectations require stability of the trading below the level of 85.900.

[Image: USDJPY.gif]

[B][B][B][B]Senior Analyst / Ali Hasan /[URL="http://www.fxcbs.com/"]FXCBS[/URL]

[URL="http://www.fxcbs.com/newsletter/daily.html"]Newsletter[/URL]

[URL="http://www.fxcbs.com/"]Forex ECN Broker[/URL] | [URL="http://www.fxcbs.com/"]Currency Online Trading[/URL] | [URL="http://www.fxcbs.com/"]Low Spread[/URL] | [URL="http://www.fxcbs.com/"]Free Trading Software[/URL][/B][/B][/B][/B]]]> <![CDATA[Forexpros Daily Analysis - 30/08/2010]]> http://forum.jgvfinance.com/thread-818.html Mon, 30 Aug 2010 04:41:27 -0500 http://forum.jgvfinance.com/thread-818.html ForexPros Daily Analysis August 30, 2010

Euro Dollar

The Euro reached a new weekly high on Friday at 1.2777, before retreating around 50 pips by the closing time. With this, the Euro continues to rise slowly, without being able to create a reaction that can be compared to the massive drop from 1.3332. This slow upside activity is actually a sign of weakness, and the rise look pretty corrective. And unless the Euro moves clearly up today, things will become hard for the single currency, and this will leave room for the Dollar to take over. Short term most important support is provided by the rising trend line from last week’s low, which is currently at 1.2675. If broken, the Euro will start to lose ground, and will probably drop hard to 1.2550, and may be at a later time to the all important 1.2432. The most important resistance for the short term is at 1.2792, and if broken we will (finally) see the Euro creating a correction that can be tied in ratio to the enormous drop from 1.3332. This correction’s ideal targets start at 1.2871, then 1.2959. While the ultimate target is at 1.3047. Excitement is coming, but we need a break first.

Support:
• 1.2675: the rising trend line from Aug 24th low on hourly chart.
• 1.2550: the support area containing Jul 7th & 12th lows.
• 1.2432: Fibonacci 61.8% for the whole rise from 1.1875 to 1.3332.

Resistance:
• 1.2792: Fibonacci 61.8% for the drop from 1.2920.
• 1.2871: Fibonacci 38.2% level for the drop from the 4-month high of 1.3332.
• 1.2959: Fibonacci 50% level for the drop from the 4-month high of 1.3332.

---

USD/JPY

The Dollar/Yen has tested (and surpassed) the falling trend line from Jun 4th top, which we talked about in Friday’s report, and said that it is at 85.28. Then it closed very close to it at 85.21. Although it came close to the 86 level after this week’s open, reaching a 9-day high, it came back down in the midst of the disappointment of the BoJ this morning. If we break this line decisively, the downtrend which started on June 4th will be over, and the Dollar will be ready to takeoff. The “verbal intervention” last week may and may not be the reason for this 200+ pips bounce after reaching a 15-year low, but technically breaking this line means a lot regardless of the Japanese authorities’ position. Resistance is at Friday’s top 85.43, and if broken we expect the Dollar to soar targeting 86.81 & may be 87.70. And in order to keep the chances of sustained break of this curtail trend line, we need to hold above the rising trend line from Tuesday’s bottom which is currently at 84.77. But, if this level gives way, then what we have seen so far of the Dollar’s fireworks is everything it has! And this jump from Tuesday’s 15-year low will be nothing but a correction. The price will continue falling, targeting 83.56 first, then our long awaited target 82.50.

Support:
• 84.77: the rising trend line from last Tuesday’s low on hourly chart.
• 83.58: the 15-year low reached on Tuesday.
• 82.50: the trend line combining the monthly lows of Dec 08, Jan & Nov 09, on the weekly chart.

Resistance:
• 85.43: Friday’s top which is just above the falling trend line from June 4th top on the hourly chart.
• 86.81: Jul 26th & 27th low.
• 87.70: June 26th top.

---

GBPUSD

The Pound dropped modestly on Friday, reaching 1.5441 before consolidating, and closing, above 1.55. Although the bounce we have seen from last week’s low is still small relatively to the drop if followed, and although this bounce did not make it to the first Fibonacci retracement level of 38.2%, we believe that it has a chance as long as it holds above 1.5441. The Pound is required to hold above this level, and then shoot up to test the resistance 1.5587. We do not recommend taking sides before the price leaves this “neutral zone” we see between 1.5441 & 1.5587. Therefore, today will be very significant for determining the next phase’s direction. And we will be before two scenarios: first, a break of 1.5441, in this case the rise from 1.5370 will be purely a correction. And if we fall below this support, it will be completely logical to expect a heavy dive targeting 1.5320 & 1.5238. The second scenario is holding above 1.5441, and then attacking 1.5587. If we succeed in breaking it, we will be already on the way to the most important resistance for the time being 1.5757. And if this one is also broken 1.5860 will be just an initial and modest target on the way up.

Support:
• 1.5441: the rising trend line from last week’s low.
• 1.5320: Fibonacci 38.2% for the massive move up from 1.4227 to 1.5996.
• 1.5238: Jul 8th high.

Resistance:
• 1.5587: the falling trend line from Aug 16th top.
• 1.5757: Fibonacci 61.8% for the drop from Aug 6th major top.
• 1.5860: a very exciting resistance appearing on the hourly chart.

---

Forex trading analysis written by Munther Marji for Forexpros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.]]> ForexPros Daily Analysis August 30, 2010

Euro Dollar

The Euro reached a new weekly high on Friday at 1.2777, before retreating around 50 pips by the closing time. With this, the Euro continues to rise slowly, without being able to create a reaction that can be compared to the massive drop from 1.3332. This slow upside activity is actually a sign of weakness, and the rise look pretty corrective. And unless the Euro moves clearly up today, things will become hard for the single currency, and this will leave room for the Dollar to take over. Short term most important support is provided by the rising trend line from last week’s low, which is currently at 1.2675. If broken, the Euro will start to lose ground, and will probably drop hard to 1.2550, and may be at a later time to the all important 1.2432. The most important resistance for the short term is at 1.2792, and if broken we will (finally) see the Euro creating a correction that can be tied in ratio to the enormous drop from 1.3332. This correction’s ideal targets start at 1.2871, then 1.2959. While the ultimate target is at 1.3047. Excitement is coming, but we need a break first.

Support:
• 1.2675: the rising trend line from Aug 24th low on hourly chart.
• 1.2550: the support area containing Jul 7th & 12th lows.
• 1.2432: Fibonacci 61.8% for the whole rise from 1.1875 to 1.3332.

Resistance:
• 1.2792: Fibonacci 61.8% for the drop from 1.2920.
• 1.2871: Fibonacci 38.2% level for the drop from the 4-month high of 1.3332.
• 1.2959: Fibonacci 50% level for the drop from the 4-month high of 1.3332.

---

USD/JPY

The Dollar/Yen has tested (and surpassed) the falling trend line from Jun 4th top, which we talked about in Friday’s report, and said that it is at 85.28. Then it closed very close to it at 85.21. Although it came close to the 86 level after this week’s open, reaching a 9-day high, it came back down in the midst of the disappointment of the BoJ this morning. If we break this line decisively, the downtrend which started on June 4th will be over, and the Dollar will be ready to takeoff. The “verbal intervention” last week may and may not be the reason for this 200+ pips bounce after reaching a 15-year low, but technically breaking this line means a lot regardless of the Japanese authorities’ position. Resistance is at Friday’s top 85.43, and if broken we expect the Dollar to soar targeting 86.81 & may be 87.70. And in order to keep the chances of sustained break of this curtail trend line, we need to hold above the rising trend line from Tuesday’s bottom which is currently at 84.77. But, if this level gives way, then what we have seen so far of the Dollar’s fireworks is everything it has! And this jump from Tuesday’s 15-year low will be nothing but a correction. The price will continue falling, targeting 83.56 first, then our long awaited target 82.50.

Support:
• 84.77: the rising trend line from last Tuesday’s low on hourly chart.
• 83.58: the 15-year low reached on Tuesday.
• 82.50: the trend line combining the monthly lows of Dec 08, Jan & Nov 09, on the weekly chart.

Resistance:
• 85.43: Friday’s top which is just above the falling trend line from June 4th top on the hourly chart.
• 86.81: Jul 26th & 27th low.
• 87.70: June 26th top.

---

GBPUSD

The Pound dropped modestly on Friday, reaching 1.5441 before consolidating, and closing, above 1.55. Although the bounce we have seen from last week’s low is still small relatively to the drop if followed, and although this bounce did not make it to the first Fibonacci retracement level of 38.2%, we believe that it has a chance as long as it holds above 1.5441. The Pound is required to hold above this level, and then shoot up to test the resistance 1.5587. We do not recommend taking sides before the price leaves this “neutral zone” we see between 1.5441 & 1.5587. Therefore, today will be very significant for determining the next phase’s direction. And we will be before two scenarios: first, a break of 1.5441, in this case the rise from 1.5370 will be purely a correction. And if we fall below this support, it will be completely logical to expect a heavy dive targeting 1.5320 & 1.5238. The second scenario is holding above 1.5441, and then attacking 1.5587. If we succeed in breaking it, we will be already on the way to the most important resistance for the time being 1.5757. And if this one is also broken 1.5860 will be just an initial and modest target on the way up.

Support:
• 1.5441: the rising trend line from last week’s low.
• 1.5320: Fibonacci 38.2% for the massive move up from 1.4227 to 1.5996.
• 1.5238: Jul 8th high.

Resistance:
• 1.5587: the falling trend line from Aug 16th top.
• 1.5757: Fibonacci 61.8% for the drop from Aug 6th major top.
• 1.5860: a very exciting resistance appearing on the hourly chart.

---

Forex trading analysis written by Munther Marji for Forexpros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.]]> <![CDATA[Technical Analysis 27/08/2010 FXCBS]]> http://forum.jgvfinance.com/thread-817.html Fri, 27 Aug 2010 05:16:42 -0500 http://forum.jgvfinance.com/thread-817.html Friday August 27 , 2010

Previous session overview

The pair Eurp against the U.S. dollar traded during the Asia session between the lowest level at 1.26925 and the highest level at 1.27311 , the pair trading now around the level of 1.27256.

Regarding to the pair Sterling against the U.S. dollar also traded during the Asia session between the lowest level 1.55050 and the highest level at 1.55351 , the pair trading now around the level 1.55112.

Finaly the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest leve at 84.271 and the highest level at 84.791 , the pair trading now around the level of 84.751.

Market Expectations

EUR/USD : etermined indicators for the pair Euro against the U.S. dollar show negative sign which may lead the pair today to decline to the level 1.26160 and if it can penetrate it, maybe the pair can reach the level 1.25250.

[Image: EURUSD.gif]

GBP/USD : The pair Sterling against the U.S. dollar traded in a narrow range during the Asia session but the pair could stability under the level 1.55300 during that’s session, so we expect some fluctuation around the level 1.55000 then fall to the level 1.54340 then 1.53850.

[Image: GBPUSD.gif]

USD/JPY : etermined indicators for the pair U.S. dollar against the Japanese Yen start show negative sign , that make us expect a decline for the pair to the level of 83.850 then to the level 83.350 , these expectation require stability of the trading below the level of 85.250.

[Image: USDJPY.gif]

GBP/USD

Bounce off 1.5371, 24 Aug low, stalled at 1.5596 yesterday, just under 1.5610, 38.2% retracement of 1.5997/1.5371 decline, ahead of fresh weakness. Higher low above 1.5438 is required to resume recovery and clearance of 1.5596/1.5610 to open 1.5700 zone for test. Loss of 1.5438, however would signal a continuation of the short term weakness and focus 1.5371.

Res: 1.5573, 1.5596, 1.5610, 1.5617
Sup: 1.5482, 1.5460, 1.5438, 1.5400

[Image: gbpusd_20100827081137.gif]

USD/JPY

Completed a multiday bear configuration to extend the underlying downtrend. 83.58 has been reached so far, ahead of the current corrective bounce which should precede a fresh push lower to test key trendline support at 83.25. Break above 84.89, however, may extend recovery.

Res: 84.89, 85.11, 85.42, 85.68
Sup: 84.26, 84.04, 83.58, 83.25

[Image: usdjpy_20100827081113.gif]

USD/CHF

Extends decline after breaking below 1.0256/46 support zone, with 1.0220 seen so far. Market now focuses 1.1.0182, 15 Jan low, break of which will open way for test of key 1.0130 level, 11 Jan year to day low. Upside, lower ceiling at 1.0317/35 is expected to cap.

Res: 1.0287, 1.0317, 1.0335, 1.0380
Sup: 1.0220, 1.0182, 1.0162, 1.0130

[Image: usdchf_20100827081038.gif]

]]> EUR/USD

Extended correction from 1.2586, to reach 1.2763 yesterday, just ahead of 1.2770 resistance. However, while 1.2770/90 holds, the latest upleg is seen corrective for fresh weakness to test 1.2586, possibly 1.2522 on a break. Lift above 1.2790 delays and opens 1.2831 instead.

Res: 1.2770, 1.2790, 1.2831, 1.2880
Sup: 1.2690, 1.2665, 1.2651, 1.2608

[Image: eurusd_20100827081200.gif]

]]> <![CDATA[Forex4you Technical Analysis 26/08/10]]> http://forum.jgvfinance.com/thread-814.html Thu, 26 Aug 2010 06:35:36 -0500 http://forum.jgvfinance.com/thread-814.html EUR/USD: Technical Analysis

This pair is probably close to completing the recent correction and resuming is descent. It is possible that over the next day it will drop back down to either 1.2620, or the 1.2580 lows, possibly even as far as 1.2550 as minuette wave 5 unfolds. This last wave should complete the whole minor degree move down from the 6th August highs. It is probable the following correction of that whole move will reach at least to the 50% retracement mark at 1.2960. There is also a small chance that this correction may already have begun.

[Image: EURUSD260810b.png]

GBP/USD: Technical Analysis

Yesterday’s assumptions, that the price would continue its downward movement didn’t come true. The price breached resistance 1.5470/90, giving a cause for further doubts about the “bearish” power, and now resides at 1.5520. Key resistance level breakout failed, so a reversal to a downtrend is still a high-possibility. Falldown below 1.5470 will suggest the “bearish” leading positions and their return to the market. Nevertheless, indicators are currently “bullish”, giving reasons to expect further growth. Resistance 1.5550 breakout and a rise above 1.5640 will give sound grounds to anticipate an uptrend.

[Image: GBP%20USD_23.GIF]

Analysis by: Forex4you.com written by Joaquin Monfort
Forex4you analyst

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.]]> <![CDATA[Forexpros Daily Analysis - 26/08/2010]]> http://forum.jgvfinance.com/thread-813.html Thu, 26 Aug 2010 05:04:39 -0500 http://forum.jgvfinance.com/thread-813.html ForexPros Daily Analysis August 26, 2010

Euro Dollar

The Euro traded violently yesterday, breaking both the support & resistance we specified in yesterday’s report without reaching any of the targets in both cases. These “nervous” moves are definitely a cause of frustration for us, we hope for an end of such price activity soon, since they mean nothing technically. Looking at the daily chart, we can see signs of a reversal, on top of which is the (Inverted Hammer) pattern, which appears twice. Last week, we suggested a wave count with 5 complete waves up from 1.1875. And as we reach Fibonacci 50% for this massive move at 1.2604, we should not neglect the possibility that the correction might me over after reaching such an important target. And with the inverted hammer patter, the possibilities that the drop from 1.3332 is over, have became higher. Short term support is at 1.2667, and we believe a break here will indicate that the drop is far from over, and that the Euro will sink below Tuesday’s low. In this case the suggested targets will be the same as yesterday: 1.2550 first, then the all important 1.2432. On the other hand, yesterday’s trading proved the importance 1.2724, and this will be our resistance of the day. If broken, the Euro will jump to important Fibonacci levels at 1.2871 & 1.2959.

Support:
• 1.2667: the rising trend line from Tuesday’ low on the hourly chart.
• 1.2550: the support area containing Jul 7th & 12th lows.
• 1.2432: Fibonacci 61.8% for the whole rise from 1.1875 to 1.3332.

Resistance:
• 1.2724: Fibonacci 38.2% for the drop from 1.2920.
• 1.2871: Fibonacci 38.2% level for the drop from the 3-month high of 1.3332.
• 1.2959: Fibonacci 50% level for the drop from the 3-month high of 1.3332.

---

USD/JPY

The Dollar jumped more than 120 pips from its 15-year low which it hit on Tuesday at 83.58, reflecting a “fear” of what the BoJ might do! In the attached chart, which is a weekly one, we can see the falling channel from Sep 07 top. Although the bottom of this channel is very far away, and is just above 74, but there is an interesting trend line inside it, combining the monthly lows of Dec 08, Jan & Nov 09. This line is around 82.65 currently, providing us with a perfect target for this dropping wave, which we expected, from the very beginning, that it will dive below 84.81. Let’s leave the daily & weekly charts we have been obsessed with lately, and just focus on the hourly chart. We can see that there is a very exciting trend line, dropping from June 4th top. This line is running currently at 85.28. Therefore, all of our attention is at the exciting trend line & the importance it provides. As long as we are trading below this line, the downtrend will be ok, but if we break the resistance 85.28 we will shoot up targeting 86.81 and may be 87.70. The support is provided by 84.07. If broken, there will be nothing stopping the price from reaching our awaited target 82.65, except for the BoJ. And if the “Japs” keep quiet, we could see 79.75 later, may be next month.

Support:
• 84.07: Fibonacci 61.8% for the rise from Tuesday’s low, and 15-year low 83.58.
• 82.65: the trend line combining the monthly lows of Dec 08, Jan & Nov 09, on the weekly chart.
• 79.75: this pair’s historical low.

Resistance:
• 85.28: the falling trend line from June 4th top on the hourly chart.
• 86.81: Jul 26th & 27th low.
• 87.70: June 26th top.

---

GBPUSD

At an early hour this morning, the Pound broke the resistance specified in yesterday’s report 1.5522, breaking with it the falling trend line from this year’s high. Earlier, the pair broke the rising beautiful trend line from June 8th bottom, breaking with it the short term rising trend. Today’s jump has brought things back to complete chaos, since it was a “move-up” after breaking a 2.5 month old rising trend line! This may indicate that the Pound is on the way to retest that line at the very important 1.5757. Short term resistance is at 1.5600, if broken, the price will start rising with the objective of testing a very important level: 1.5757. If this resistance is broken, the short term uptrend & medium term uptrend will be revived, with a first target at 1.5860. On the other hand, support is at 1.5542, and breaking it would give the Dollar a chance to make the Pound pay back the losses of the Asian session. Targets will be 1.5461 & 1.5320.

Support:
• 1.5542: important intraday level.
• 1.5461: Aug 20th low.
• 1.5320: Fibonacci 38.2% for the massive move up from 1.4227 to 1.5996.

Resistance:
• 1.5600: the falling trend line from Aug 16th top.
• 1.5757: Fibonacci 61.8% for the drop from Aug 6th major top.
• 1.5860: a very exciting resistance appearing on the hourly chart.

---

Forex trading analysis written by Munther Marji for Forexpros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.]]> ForexPros Daily Analysis August 26, 2010

Euro Dollar

The Euro traded violently yesterday, breaking both the support & resistance we specified in yesterday’s report without reaching any of the targets in both cases. These “nervous” moves are definitely a cause of frustration for us, we hope for an end of such price activity soon, since they mean nothing technically. Looking at the daily chart, we can see signs of a reversal, on top of which is the (Inverted Hammer) pattern, which appears twice. Last week, we suggested a wave count with 5 complete waves up from 1.1875. And as we reach Fibonacci 50% for this massive move at 1.2604, we should not neglect the possibility that the correction might me over after reaching such an important target. And with the inverted hammer patter, the possibilities that the drop from 1.3332 is over, have became higher. Short term support is at 1.2667, and we believe a break here will indicate that the drop is far from over, and that the Euro will sink below Tuesday’s low. In this case the suggested targets will be the same as yesterday: 1.2550 first, then the all important 1.2432. On the other hand, yesterday’s trading proved the importance 1.2724, and this will be our resistance of the day. If broken, the Euro will jump to important Fibonacci levels at 1.2871 & 1.2959.

Support:
• 1.2667: the rising trend line from Tuesday’ low on the hourly chart.
• 1.2550: the support area containing Jul 7th & 12th lows.
• 1.2432: Fibonacci 61.8% for the whole rise from 1.1875 to 1.3332.

Resistance:
• 1.2724: Fibonacci 38.2% for the drop from 1.2920.
• 1.2871: Fibonacci 38.2% level for the drop from the 3-month high of 1.3332.
• 1.2959: Fibonacci 50% level for the drop from the 3-month high of 1.3332.

---

USD/JPY

The Dollar jumped more than 120 pips from its 15-year low which it hit on Tuesday at 83.58, reflecting a “fear” of what the BoJ might do! In the attached chart, which is a weekly one, we can see the falling channel from Sep 07 top. Although the bottom of this channel is very far away, and is just above 74, but there is an interesting trend line inside it, combining the monthly lows of Dec 08, Jan & Nov 09. This line is around 82.65 currently, providing us with a perfect target for this dropping wave, which we expected, from the very beginning, that it will dive below 84.81. Let’s leave the daily & weekly charts we have been obsessed with lately, and just focus on the hourly chart. We can see that there is a very exciting trend line, dropping from June 4th top. This line is running currently at 85.28. Therefore, all of our attention is at the exciting trend line & the importance it provides. As long as we are trading below this line, the downtrend will be ok, but if we break the resistance 85.28 we will shoot up targeting 86.81 and may be 87.70. The support is provided by 84.07. If broken, there will be nothing stopping the price from reaching our awaited target 82.65, except for the BoJ. And if the “Japs” keep quiet, we could see 79.75 later, may be next month.

Support:
• 84.07: Fibonacci 61.8% for the rise from Tuesday’s low, and 15-year low 83.58.
• 82.65: the trend line combining the monthly lows of Dec 08, Jan & Nov 09, on the weekly chart.
• 79.75: this pair’s historical low.

Resistance:
• 85.28: the falling trend line from June 4th top on the hourly chart.
• 86.81: Jul 26th & 27th low.
• 87.70: June 26th top.

---

GBPUSD

At an early hour this morning, the Pound broke the resistance specified in yesterday’s report 1.5522, breaking with it the falling trend line from this year’s high. Earlier, the pair broke the rising beautiful trend line from June 8th bottom, breaking with it the short term rising trend. Today’s jump has brought things back to complete chaos, since it was a “move-up” after breaking a 2.5 month old rising trend line! This may indicate that the Pound is on the way to retest that line at the very important 1.5757. Short term resistance is at 1.5600, if broken, the price will start rising with the objective of testing a very important level: 1.5757. If this resistance is broken, the short term uptrend & medium term uptrend will be revived, with a first target at 1.5860. On the other hand, support is at 1.5542, and breaking it would give the Dollar a chance to make the Pound pay back the losses of the Asian session. Targets will be 1.5461 & 1.5320.

Support:
• 1.5542: important intraday level.
• 1.5461: Aug 20th low.
• 1.5320: Fibonacci 38.2% for the massive move up from 1.4227 to 1.5996.

Resistance:
• 1.5600: the falling trend line from Aug 16th top.
• 1.5757: Fibonacci 61.8% for the drop from Aug 6th major top.
• 1.5860: a very exciting resistance appearing on the hourly chart.

---

Forex trading analysis written by Munther Marji for Forexpros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.]]> <![CDATA[Technical Analysis 25/08/2010 FXCBS]]> http://forum.jgvfinance.com/thread-812.html Wed, 25 Aug 2010 07:22:32 -0500 http://forum.jgvfinance.com/thread-812.html Wednesday August 25 , 2010

Previous session overview

The pair Euro against the U.S. dollar trade during the Asia session between the lowest level at 1.26160 and the highest level at 1.27266, while the pair trading now around the level of 1.26990.

Regarding to the pair Sterling against the U.S. dollar the pair traded during the Asia session between the lowest level at 1.53893 and the highest level at 1.54614, the pair trading around the level of 1.54333.

Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 83.900 and the highest level at 84.674 , the pair trading now around the level of 84.637.

Market Expectations

EUR/USD : We can see negative sign for the pair Euro against the U.S. dollar through determined indicators which may lead the pair to decline more after complete the corrective movement to the level 1.26990; we expect that the pair will decline to the level of 1.25410 then to the level of 1.24850.

[Image: EURUSD.gif]

GBP/USD : We expect today for the pair Sterling against the U.S. dollar a decline to the level 1.53000 then to the level of 1.52410 , Stochastic indicator show negative sign support our expectations , stability of the trading below the level 1.56280 necessary to achieve these expectations .

[Image: GBPUSD.gif]

USD/JPY : The pair achieved a bearish trend reaching 84.00 but is finding strong resistance that will continue pushing the pair to the upside, stochastic neared overbought areas, and we may see some fluctuation and lead towards to the upside to retest the breached 84.85, so we expected bearish intraday direction

[Image: USDJPY.gif]