FXTechstrategy Team: Forex Analysis

This is a discussion on FXTechstrategy Team: Forex Analysis within the Daily Analysis forums, part of the Commercial category; Originally Posted by FXTechstrategy Team EURJPY- The cross remains biased to the upside as it looks to resume its broader ...

View Poll Results: What does January holds for EURUSD having continued to hold its medium term downtrend
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Old Mar 14, 2012, 12:41am   #33
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Re: EURJPY: Set To Return To The 109.87 Level (Special Focus)

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EURJPY- The cross remains biased to the upside as it looks to resume its broader rally triggered from the 72.05 level. However, it will have to break and close above the 109.87 level to resume that trend. This if seen will pave the way for a run at the 111.52 level, its Oct 31’2011 high. A breather may occur here and then turn it back down probably on a correction. However, if this fails to happen, further strength is likely towards the 112.34 level with a violation of there extending further gains towards the 113.00 and then the 114.14 level, its July 31’2011 high. Conversely, the risk to this analysis will be a return to its Mar 06’2012 low at 105.63 where a violation will call for a run at the 104.49 level, its Dec 09’2011 high and then the 103.27 level. All in all, EURJPY continues to maintain its broader upside tone.
So, what your saying is, put enough levels on the chart and one of them will get hit !
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Old Mar 14, 2012, 3:32pm   #34
 
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EURUSD: Extends Weakness, Eyes The 1.2975 Level (Daily Technical Outlook)

FXTechstrategy Team started this thread EURUSD: EUR remains vulnerable and continues to weaken suggesting a return to the 1.2975 level.This is coming on the back of a break of the 1.3078 level. On continued weakness, the pair will aim at the 1.2930 level, its Jan 225’2011 low with a cut through there allowing for further declines towards the 1.2879 level. Its daily RSI is bearish and pointing lower supporting this view. The alternative scenario will be for EUR to return above the 1.3484 level, its Dec 05’2011 high. This will resume its uptrend and call for a push towards its Dec 02’2011 high at 1.3547 where a breach will target its weekly 200 ema at 1.3642. All in all, EUR remains vulnerable to the downside.
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Old Mar 15, 2012, 3:28pm   #35
 
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GBPUSD: Susceptible Within Its Range (Special Focus).

FXTechstrategy Team started this thread GBPUSD: Continues to remain vulnerable within its range trading environment. However, the big picture still sees the pair maintaining its medium term uptrend started from the 1.5235 level.To resume that uptrend, it will have to break and hold above the 1.5924 level, its Feb 08’2012 high and the 1.5990 level. This will pave the way for a run at the 1.6074 level, its Nov’2011 high and possibly higher towards its Oct 31’2011 high at 1.6161. On the downside, the risk to the analysis will be a convincing break and close below the 1.5642/53 levels, its Feb 14/15’2012 lows. This zone may continue to hold on tests. However, if violated, further lower prices will shape up towards the 1.5497 level, its Jan 10’2012 high. On the whole, the pair may be vulnerable but continues to hold on to its broader medium term uptrend.
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Old Mar 16, 2012, 12:20pm   #36
 
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USDCHF – Hesitates Below Recent High (Daily Technical Analysis)

FXTechstrategy Team started this thread USDCHF: The pair is now seeing weakening following a stall in its recovery strength. However, the pair’s bottom forming process still remains intact as long as it can hold above the 0.9071 level and its 200 daily ema. This could see the pair return to its Wednesday high at 0.9331 level with a break of there opening the door for a move towards the 0.9299 level, its Feb 16’2012 high. Further out, the 0.9504 level, its Jan 13’2012 low and then the 0.9591 level will come in as the next upside targets. Alternatively, the risk to our upside view will be for the pair to reverse its present bull pressure and then retarget the 0.8929 level, its Feb 24’2012 low. In such a case, the 0.8890 level, its Nov 03’2011 low will be aimed at where a breach will call for further declines towards the 0.8700 level, its psycho level. On the whole, the pair remains biased to the upside on correction.
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Old Mar 17, 2012, 12:55pm   #37
 
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GBPJPY: Resumes Uptrend, Targets The 135.09 Level (Weekly Technical Outlook)

FXTechstrategy Team started this thread GBPJPY – With the cross resuming its short term uptrend the past week, GBPJPY is entering the new week bullish and targeting the 135.09 level, its May 29’2011 high. Its weekly RSI is bullish and supportive this view. Further upside offensive above the 135.09 level will call for a run at 136.97 level followed by its April’2011 high at 139.99. On the downside, support lies at 130.08 level, Mar 02’2012 high where a reversal of roles is likely to occur and then turn the pair higher again. However, if this fails to materialize, further weakness should follow towards the 126.53 level. Further down, support lies at the 125.45 level followed by the 124.50 level and then the 122.02 level, its Jan 25’2012 high. All in all, the cross remains biased to the upside having resumed its short term uptrend.
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Old Mar 18, 2012, 12:36pm   #38
 
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EURUSD: Halts Declines, Corrective Upside Risk Develops(Weekly Technical Outlook)

FXTechstrategy Team started this thread EURUSD: Halts Declines, Corrective Upside Risk Develops(Weekly Technical Outlook)

EURUSD: Having halted its declines the past week, the pair may have signaled a temporary bottom may be forming. If this is confirmed, further upside offensive could develop towards the 1.3483 level. A breach will pave the way for move further higher towards its Dec 02’2011 high at 1.3547 where a violation will target its weekly 200 ema at 1.3642. Conversely, the risk to this analysis will be a return to the 1.3003 level traded the past week followed by the 1.2975 level where a break if seen will push the pair further lower towards the 1.2879 level, its Jan 23’2011 low . Further down, support lies at the 1.2620 level. All in all, EUR remains vulnerable to the downside though halting its weakness.
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Old Mar 19, 2012, 10:04am   #39
 
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EURGBP: Bears Dominate Price Action, Eye The 0.8263 Level (Special Focus).

FXTechstrategy Team started this thread EURGBP- With EURGBP closing lower following a reversal of its gains the past, it now looks to weaken further in the days ahead. This will leave the pair targeting the 0.8263 level, its Feb 06’2012 low initially where a breach will aim at its Aug’2010 low at 0.8141. Further down, support comes in at its 2010 low at 0.8066 level. Both its daily and weekly RSI are bearish and pointing lower supporting this view. Alternatively, in order for the cross to annul its downside pressure, it will have to break and hold above the 0.8504 level, its Feb 2012 high. This if seen will open the door for a move further higher towards its Dec 08’2011 high at 0.8560 with a breach exposing the 0.8616 level. All in all, the cross continues to look susceptible to the downside.
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Old Mar 20, 2012, 12:01pm   #40
 
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GBPJPY: Bullish, Pressure Builds On The 135.09 Level.

FXTechstrategy Team started this thread GBPJPY – The cross continues to press higher maintaining its short term uptrend and targeting its major resistance at the 135.09 level. Further upside offensive above here will call for a run at 136.97 level followed by its April’2011 high at 139.99. Its daily RSI is bullish and pointing higher suggesting further strength. On the downside, support lies at 130.08 level, Mar 02’2012 high where a reversal of roles is likely to occur and then turn the pair higher again. However, if this fails to materialize, further weakness should follow towards the 126.53 level. Further down, support lies at the 125.45 level followed by the 124.50 level and then the 122.02 level, its Jan 25’2012 high. All in all, the cross remains biased to the upside having resumed its short term uptrend.
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