USD test trendline and suport sitting around 82 and close green today , was a good reaction but bulls need to break some resistances short-term and prove that this can be a minor or major bottom short-term.
We will have to see monday session to have a better view of next sessions.
Looking to EURUSD can run more to 1,31 (will put chart later).
Above today lows expect test 83.80 possible extension to 84.40 this is my first scenario.
Continuation downswing expect 81 possible extension to 80.
Resistance 83.80 and 84.40 Suport 81 and 80.
USD Daily chart http://yfrog.com/3q6h8p
Good luck folks.
Friday, July 16, 2010
CRUDE Daily Market Thought 18072010
Last session test resistance area sitting [78.35,79.70] suport around 74 and 71.
Close above 79.70 expect 82 possible extension to 84.50 but my first option here is a breakout to downside.
If close below 74 expect 71 possible extension to 69.50 again.
Crude Chart Daily - http://yfrog.com/7gpdpup
Have a nice weekend. Holiday here back only 16/08.
Close above 79.70 expect 82 possible extension to 84.50 but my first option here is a breakout to downside.
If close below 74 expect 71 possible extension to 69.50 again.
Crude Chart Daily - http://yfrog.com/7gpdpup
Have a nice weekend. Holiday here back only 16/08.
Sunday, July 11, 2010
GBPUSD Weekly and Intraday Market Thought 11072010
GBPUSD tested last two weeks major resistance weekly chart between [1.5227,1.5570] chart 1.
Short-term view ( chart 60 minutes) breakout range last friday expect target around 1.4950. Target is valid below 1.5133.
If hold lows of last friday 1.5050 and close hourly above 1.5150 expect again 1.5220.
Resistance: range [1.5075,1.5087] and range [1.5120,1.5133]
Short-term view ( chart 60 minutes) breakout range last friday expect target around 1.4950. Target is valid below 1.5133.
If hold lows of last friday 1.5050 and close hourly above 1.5150 expect again 1.5220.
Resistance: range [1.5075,1.5087] and range [1.5120,1.5133]
Suport: 1.4950, 1.5015 and 1.5050.
Click to zoom in. Good luck folks.
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| Chart 2 - 60 minutes Chart |
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| Chart 1 - Weekly Chart |
EURUSD - Intraday Market Thought 10072010
EURUSD losing momentum last sessions. The highs of last sessions with bearish divergence, give us good changes that minor or major top short-term is near.
For now hold 1.2607, first resistance 1.2650 close hourly above 1.2680 expect 1.2745.
Close hourly below 1.2607 first target [1.2550,1.2573] possible extension to 1.2480.
Click to zoom in. Good luck folks.
For now hold 1.2607, first resistance 1.2650 close hourly above 1.2680 expect 1.2745.
Close hourly below 1.2607 first target [1.2550,1.2573] possible extension to 1.2480.
Click to zoom in. Good luck folks.
EURGBP Intraday Market Thought 11072010
EURUGBP tested last weeks lower band suport area medium term sitting range [0.7730,0.8110].
Strong reaction last weeks eurgbp test this week first major resistance for upside [0.8425,0.8455] chart 1. and this area can resume this upside for now.
Pattern last sessions chart 2. give us a minor suport chart 4 hours at 0.8376 and major suport at 83.30. Close 4 hours below 0.8330 expect pullback between 0.50 and 61.8% fibonacci.
Break range [0.8425,0.8455] next resistance 0.8502.
Pattern last sessions chart 2. give us a minor suport chart 4 hours at 0.8376 and major suport at 83.30. Close 4 hours below 0.8330 expect pullback between 0.50 and 61.8% fibonacci.
Break range [0.8425,0.8455] next resistance 0.8502.
More updates forex here and indexes here.
Click to zoom in. Good luck folks.
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| Chart 2 |
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| Chart 1 |
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