Technical analysis for EUR/USD, GBP/USD

EURUSD:
The possibility of another test 1.3480/1.3500 supports, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.

For short-term buying positions on condition of formation of topping signals the targets will be 1.3540/60, 1.3600/20, 1.3660/80 and/or further breakout variant up to 1.3720/40, 1.3780/1.3800, 1.3860/80.
An alternative for sells as before will be below 1.3400 with targets 1.3340/60, 1.3260/80, 1.320/20.
 
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GBPUSD:At 1.7200/20 it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.
For short-term sells formation of topping signals the targets will be 1.7100/20, 1.7020/40, 1.6960/80 and/or further breakout variant up to 1.6880/1.6900, 1.6800/20, 1.3740/60.
An alternative for buyers will be above 1.7260 with targets 1.7300/20, 1.7360/80, 1.7440/60, 1.7500/20.
 
Bitrader, I'm satisfied knowing you'll never make it in this market. You have zero respect or integrity.

You'll be starved out, no profits.


Depth Trade
Classic FX (start date 10/08/08)
Closed Positions + 4,348.3 pips.
ROI (annulized) + 25,123.51 pips
 
EURUSD:

At 1.3500/20 it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.

For short-term sells on condition of formation of topping signals the targets will be 1.3440/60, 1.3360/80 and/or further breakout variant below 1.3340 with targets 1.3280/1.3300, 1.3220/40.

An alternative for buyers will be above 1.3560 with targets 1.3600/20, 1.3660/80, 1.3720/40, 1.3780/1.3800
 
EURUSD

The possibility of rate return to close 1.2940/60 resistance range, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.

For short-term sells on condition of formation of topping signals the targets will be 1.2850/70, 1.2740/60, 1.2680/1.2700 and/or further breakout variant up to 1.2600/20, 1.2520/40, 1.2460/80.

An alternative for buyers will be above 1.3120 with targets 1.3160/80, 1.3220/40, 1.3280/1.3300.
 
EURUSD:

For short-term sells on condition of formation of topping signals the targets will be 1.2800/20, 1.2740/60, 1.2680/1.2700 and/or further breakout variant up to 1.2600/20, 1.2520/40, 1.2460/80.
 
EURUSD

Pair return to resistance range 1.2660/80, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.
For sells on condition of formation of topping signals the targets will be 1.2600/20, 1.2520/40, 1.2460/80 and/or further breakout variant up to 1.2400/20, 1.2320/40, 1.2260/80
 
EURUSD:

At 1.3040/60 it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.
For short-term buying positions on condition of formation of topping signals the targets will be 1.3120/40, 1.3200/20, 1.3280/1.3300 and/or further breakout variant up to 1.3360/80, 1.3420/40, 1.3500/20.
An alternative for sells will be below 1.2960 with targets 1.2900/20, 1.2840/60.
 
EURUSD:

for sells on condition of formation of topping signals the targets will be 1.2800/20, 1.2700/20, 1.2600/20 and/or further breakout variant up to 1.2520/40, 1.2440/60, 1.2360/80.
 
EURUSD:

for sells on condition of formation of topping signals the targets will be1,2820/40, 1,2740/60
and/or further breakout variant up to 1,2660/80, 1,2600/20, 1.2520/40
 
EURUSD:

At 1.2790/1.2810 supports it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.

For short-term buying positions on condition of formation of topping signals the targets will be 1.2850/70, 1.2920/40, 1.3000/20 and/or further breakout variant up to 1.3060/80, 1.3120/40, 1.3200/20, 1.3260/80.

An alternative for sells will be below 1.2760 with targets 1.2700/20, 1.2640/60, 1.2580/1.2600, 1.2520/40.
 
TODAYS FOREX UPDATE on EUR/USD, USD/JPY, GBP/USD:

EUR/USD intraday: bullish bias above 1.2865.
Pivot: 1.2865
Our preference: Long positions above 1.2865 with targets @ 1.305 & 1.315 in extension.
Alternative scenario: Below 1.2865 look for further downside with 1.281 & 1.273 as targets.
Comments: the RSI broke above a bearish trend line.


GBP/USD intraday: bullish bias above 1.59.
Pivot: 1.59
Our preference: Long @ 1.591 with targets @ 1.61 & 1.614 in extension.
Alternative scenario: Below 1.59 look for further downside with 1.58 & 1.575 as targets.
Comment: the RSI is bullish and calls for further upside.

USD/JPY intraday: validation of a Rising Wedge (bearish pattern)
Pivot: 99.35
Our preference: Short @ 99.25 with targets @ 98.31 & 97.5 in extension.
Alternative scenario: Above 99.35 look for further upside with 99.85 & 100.5 as targets.
Comment: The pair validated a Rising Wedge (bearish pattern).

Source:avafx
 
EURUSD

Tthe possibility of pair return to 1.2800/20 resistance range, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.

For short-term sells on condition of formation of topping signals the targets will be 1.2720/40, 1.2640/60 and/or further breakout variant up to 1.2580/1.2600, 1.2510/30, 1.2420/40, 1.2340/60.

An alternative for buyers will be above 1.2920 with targets 1.2980/1.3000, 1.3080/1.3100, 1.3200/20, 1.3260/80.
 
The possibility of rate return to 1.2790/1.2810 supports, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.

For short-term buying positions on condition of formation of topping signals the targets will be 1.2860/80, 1.2920/40 and/or further breakout variant up to 1.2980/1.3000, 1.3060/80, 1.3120/40.
An alternative for sells will be below 1.2740 with targets 1.2680/1.2700, 1.2600/20, 1.2520/40.
 
EURUSD:
*Range 1.2600/20

For short-term sells the targets will be 1.2520/40, 1.2460/80 and/or further breakout variant up to 1.2400/20, 1.2340/60, 1.2280/1.2300

An alternative for buyers will be above 1.2720 with targets 1.2780/1.2800, 1.2840/60, 1.2900/20.
 
*Range 1.2500/20

For short-term buying positions on condition of formation of topping signals the targets will be 1.2560/80, 1.2620/40, 1.2700/20 and/or further breakout variant up to 1.2760/80, 1.2820/40, 1.2900/20.

An alternative for sells will be below 1.2460 with targets 1.2400/20, 1.2340/60, 1.2280/1.2300.
 
* range, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval(1 hour, 30 min based on candlestick patterns )


* Range 1.4760/80

For short-term buying positions on condition of formation of topping signals the targets will be 1.4840/60, 1.4920/40, 1.5010/30 and/or further breakout variant up to 1.5080/1.5100, 1.5200/20, 1.5280/1.5300, 1.5360/80.

An alternative for sells will be below 1.4700 with targets 1.4630/50, 1.4560/80, 1.4500/20.
 
EURUSD:
*Range 1.2780/1.2800

For short-term sells on condition of formation of topping signals the targets will be 1.2700/20, 1.2620/40, 1.2560/80 and/or further breakout variant up to 1.2480/1.2500, 1.2420/40, 1.2360/80.

An alternative for buyers will be above 1.2860 with the targets 1.2900/20, 1.2960/80, 1.3020/40.
 
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