Thread: FXPRIMUS | [Sharing] Forex Technical Analysis

EUR/USD Mid-Day Outlook 7 Februari 2012

Daily Pivots: (S1) 1.3085; (P) 1.3145 (R1) 1.3224;

EUR/USD dips back to 1.3030 so far today but is staying in tight range. Intraday bias remains neutral first. On the upside, sustained break of 38.2% retracement of 1.4246 to 1.2625 at 1.3244 will resume the rebound from 1.2625 and target 61.8% retracement at 1.3627. On the downside, break of 1.2931 minor support will suggest that corrective rise from 1.2625 was already finished and the larger decline from 1.4939 is likely resuming for a new low below 1.2625.

In the bigger picture, price actions from 1.6039 are unfolding as a consolidation pattern in the long term and is in progress. Fall from 1.4939 is a falling leg inside the pattern. It's hard to anticipate the length of a leg of any complex corrective pattern. Also, price actions would likely remain choppy and indecisive with misleading momentum indicator readings. But after all, overall picture still favors deeper fall to 1.1875 support before the consolidation pattern completes. Though, sustained trading above 55 weeks EMA (now at 1.3637) will pave the way for a test on 1.4939 resistance level.




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GBP/USD Mid-Day Outlook 8 Februari 2012

Daily Pivots: (S1) 1.5759; (P) 1.5809; (R1) 1.5869;

GBP / USD bullish with price support at 1.5641 (38.2% retracement of 1.5234 to 1.5882). Above the price of 1.5882 will target 1.6165 resistance tests on the price (61.8% retracement of 1.6746 to 1.5234 at 1.6168). Breakdown of the price would confirm that the overall decline in the price of 1.6746 to 1.5234 over the price already. On the reverse side, below 1.5641 indicates the price will go back to the downside for 1.5234 support prices.





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Daily Pivots: (S1) 1.3058; (P) 1.3100 (R1) 1.3172;

Breakdown of the 38.2% retracement of 1.4246 to 1.2625 at 1.3244 price will continue to rebound from a target price of 1.2625 and 61.8% retracement at 1.3627 price. Daily biased upward trend. On the other hand, breakdown of the price of 1.2931 support will indicate that corrective rise from 1.2625 has completed and the price decline is greater than the price of 1.4939 is likely to continue for the price is below 1.2625. 1.2625.




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EUR/USD Mid-Day Outlook 9 Februari 2012

Daily Pivots: (S1) 1.3143; (P) 1.3206 (R1) 1.3323;

Daily bias in EUR / USD remains on an upward trend for the time being. Rebound from 1.2625 price target 61.8% retracement of 1.4246 to 1.2625 which is in the price of 1.3627. On the contrary, through support price of 1.3028 indicates that rebound completion signal, the short-term outlook will remain slightly bullish.




GBP/USD Mid-Day Outlook 9 Februari 2012

Daily Pivots: (S1) 1.5820; (P) 1.5863; (R1) 1.5938;

Daily bias in GBP / USD remains on an upward trend and the current target price of 1.5234 to 1.6165 resistance rates (61.8% retracement of 1.6746 to 1.5234 which is in the price of 1.6168). Breakdown of the price would confirm that the overall decline in the price of 1.6746 to 1.5234 over the price already. On the contrary, through the price of 1.5729 support indicates the formation of the peak, short-term outlook will remain cautiously bullish.




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EUR/USD Mid-Day Outlook 10 February 2012

Daily Pivots: (S1) 1.3224; (P) 1.3256 (R1) 1.3291;

Intraday bias in EUR/USD remains on the upside with 1.3214 minor support intact. Current rise from 1.2625 is expected to continue towards 61.8% retracement of 1.4246 to 1.2625 at 1.3627. On the downside, below 1.3214 minor support will turn bias neutral and bring consolidation. But break of 1.3028 support is needed to signal completion of such rebound. Otherwise, near term outlook will remain mildly bullish even in case of retreat.




GBP/USD Mid-Day Outlook 10 February 2012

Daily Pivots: (S1) 1.5765; (P) 1.5847; (R1) 1.5896;

Intraday bias in GBP/USD remains neutral for the moment and more consolidation could be seen below 1.5928 temporary top. But near term outlook remains cautiously bullish as long as 1.5729 support holds. Above 1.5928 will target 1.6165 key cluster resistance (61.8% retracement of 1.6746 to 1.5234 at 1.6168). Break will confirm that whole decline from 1.6746 has finished at 1.5234 already.




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EUR/USD Mid-Day Outlook 15 Februari 2012
Daily Pivots: (S1) 1.3153; (P) 1.3218 (R1) 1.3252;

Bias Daily EUR / USD remains neutral (side way) for the current price with a focus on 1.3028 support. As noted earlier, in the short term there is an upper limit on the price of 1.3321 with bearish divergence conditions in H4 MACD. Through the settlement price of 1.3028 will indicate rebound from 1.2625 and retest the price back to this price, while continuing overall decline of 1.4939 with a target price below the price of 1.2625. On the contrary, in the price of 1.3321 would extend the rebound from 1.2625 with a target price of 61.8% retracement of 1.4246 to 1.2625 which is in the price of 1.3627.



GBP/USD Mid-Day Outlook 15 Februari 2012
Daily Pivots: (S1) 1.5740; (P) 1.5783; (R1) 1.5808;

Bias Daily GBP / USD remains the downside with 1.5826 as resistance rates. In the short term rates are still below 1.5928 with bearish divergence condition H4 MACD and the overall rebound from 1.5234 might be completed by the price already. GBP / USD is still not able to penetrate / continuous below 1.6165 resistance rates (61.8% retracement of 1.6746 to 1.5234 which is in the price of 1.6168). Thus, the overall decline from 1.6746 likelihood prices will continue. Further decline is to retest the 1.5234 price. On the contrary, above 1.5826 will change the price of a neutral bias (side way) and change the focus back to the 1.5928 price as the price of further resistance.



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GBP/USD Daily Outlook 21 Februari 2012
Daily Pivots: (S1) 1.5786; (P) 1.5823; (R1) 1.5858;
Daily bias in GBP / USD remains in a little upside for now and prices rise further towards 1.5928 resistance, breakdown of the price would confirm the resumption of the rise in prices has been started from 1.5643 to 61.8% projection of 1.5234 -1.5928 is the price of 1.6072. In the meantime, note again that the price of 1.6165 major resistance (61.8% retracement of 1.6746 to 1.5234 which is in the price of 1.6168) remains untouched, so there has been no confirmation of completion of the reduction of the price of 1.6746. Below the 1.5643 price back to the downside bias for the price of 1.5234.




EUR/USD Daily Outlook 21 Februari 2012
Daily Pivots: (S1) 1.3104; (P) 1.3151 (R1) 1.3186;
Daily bias in EUR / USD remains neutral (side way) for the time being. Conditions on the upside if prices will continue to rebound from 1.3321 1.2625 and target price of 61.8% retracement of 1.4246 to 1.2625 which is in the price of 1.3627. On the reverse side, below the 1.2974 price back to the downside bias to support the price of 1.2625.



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GBP/USD Mid-Day Outlook 24 Februari 2012

Daily Pivots: (S1) 1.5605; (P) 1.5710; (R1) 1.5771;
No change in view of GBP / USD 's. Still in the price range 1.5643/1.5928 and daily bias remains neutral. Again, note that the price of 1.6165 major resistance (61.8% retracement of 1.6746 to 1.5234 which is in the price of 1.6168) remained untouched. Thus, there is no confirmation of completion of the reduction of the price of 1.6746. Below the 1.5643 price will go back to the downside bias for the price of 1.5234. On the contrary, in the price of 1.5928 would extend the rebound of the price of 1.5234 with a target price of 1.6165 key resistance.



EUR/USD Mid-Day Outlook 24 Februari 2012

Daily Pivots: (S1) 1.3219; (P) 1.3242 (R1) 1.3274;
Breakdown of the price of 1.3321 resistance indicates that the EUR / USD 's rebound from 1.2625 prices will continue. Bias is the daily return on the upside and further rally to 61.8% retracement of 1.4246 to 1.2625 which is in the price of 1.3627. Sebaliknyanya side, below the 1.3186 price bias will turn neutral and bring consolidation (correction).



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EUR/USD Weekly Outlook 27 Februari 2012

EUR / USD 's rebound from 1.2625 prices resumed last week and reached prices as high as 1.3486. Initial bias remains on the upside this week and an increase of 61.8% retracement target is 1.4246 to 1.2625 at price 1.3627. Looks bullish convergence condition in daily MACD. Therefore, the reduction of the price of 1.4939 might have completed at 1.2625 price. Further increases will look back on the price of 1.4246 resistance. Sebalknya side, below 1.3383 will change the pricing bias to neutral (side way) and bring consolidation / correction. However, strong support should be seen from the price 1.2974/1.3321 support zone containing the downside and a continued rise.



GBP/USD Weekly Outlook 27 Februari 2012

GBP / USD managed to hold above 1.5643 support prices last week and broke through the back price of 1.5879 minor resistance, indicating that the increase of the price of 1.5234 will continue. Initial bias is cautiously on the upside this week and broke through 1.5928 would confirm the bullish price, the price of 1.6165 resistance (61.8% retracement of 1.6746 to 1.5234 which is in the price 1.6168) is the target. On the contrary, through the price back to 1.5648 to confirm the formation of peaks in the short term.



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EUR/USD Mid-Day Outlook 2 Maret 2012

Daily Pivots: (S1) 1.3411; (P) 1.3441 (R1) 1.3493;

EUR / USD 's down from 1.3486 continues today and reaches up the lowest price at 1.3281 . Daily downside bias to decline further in the price of 1.3126 support. However, please note that the near-term outlook remains bullish. Above the price of 1.3356 Bias back to the upside. Prices penetrate 1.3486 will target 61.8% retracement of 1.4246 to 1.2625 which is in the price of 1.3627 .


GBP/USD Mid-Day Outlook 2 Maret 2012

Daily Pivots: (S1) 1.5830; (P) 1.5869; (R1) 1.5938;

Daily bias in GBP / USD is neutral for the moment and consolidation (correction) shown below the price of 1.5991 . Another rally is expected to re-occur during the price 1.5799 untouched. Above the price of 1.5991 will target a test on the price of 1.6165 resistance (61.8% retracement of 1.6746 to 1.5234 which is in the price of 1.6168). However, under the price of 1.5799 will argue that in the short term to shift the focus back to the support price of 1.5648 .



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