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  1. #1
    fx-investindo is offline Senior Member
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    Arrow [Sharing] Discussion Forex Technical Analysis

    Dear All, here I will try to provide technical analysis for forex.

    please discuss here what you like, may be useful.

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  2. #2
    fx-investindo is offline Senior Member
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    GBP/USD Mid-Day Outlook 7 Februari 2012





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

    GBP/USD dips further to 1.5729 so far today as consolidation from 1.5882 temporary top extends. More corrective trading would be seen. But again. near term outlook remains cautiously bullish with 1.5641 cluster support intact (38.2% retracement of 1.5234 to 1.5882). Above 1.5882 will target a test on 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. On the downside, below 1.5641 support flip bias back to the downside for 1.5234 support instead.

    In the bigger picture, price actions from 1.3503 are treated as consolidations to long term down trend from 2.1161. At this point, we're favoring the case that such consolidation is either finished with three waves to 1.6746, or five waves as a triangle at 1.6165. Deeper decline is in favor to 1.4229 key support and decisive break there should extend the long term down trend through 1.3503 low. Meanwhile, strong rebound ahead of 1.4229, or a break of 1.6165, will dampen the immediate bearish view and extend the consolidation from 1.3503 instead.

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  3. #3
    fx-investindo is offline Senior Member
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    Post 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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  4. #4
    fx-investindo is offline Senior Member
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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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  5. #5
    fx-investindo is offline Senior Member
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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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  6. #6
    forextechnology88 is offline Junior Member
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    Default Technical Forex Analysis-What Forex Traders Should Know About It

    To make it simple, the aim of technical Forex analysis is just to forecast future price trend based on the historical data. Technical Forex analysis has been in use for centuries, for it can indeed indicate where the market is going next and offer traders plenty of opportunities of making profits. Since I have introduced what are its components and how can traders make their technical Forex analysis better, today I am going to introduce it from another perspective.

    Generally speaking, there are three suppositions laying at the basis of technical analysis:

    1. Everything should be considered at the market movement;

    Actually, the basic knowledge of fundamental Forex analysis is predicting future movements of the market by analyzing historical data carefully. The traders using technical analysis invest their money thoughtfully and monitor the daily prices movement precisely that help them win profits. Just like what I have introduced in my previous article: Technical Forex Analysis-Top Factors Affecting Your Forex Trading; there are mainly 3 factors affecting the analysis determine the future movement of the market. Only when Forex traders come to be very familiar with every single detail of each component can they make decisions with great confidence and assure they are correct.

    2. Price movement has a purpose and historical data may repeat its occasions

    It is very easy to understand, actually. There is one purpose that why technical Forex analysis exist and one purpose only: to predict where the market is heading next without telling the reasons. Anyone can gain profits by posing himself the right direction according to the accurate analysis. In the uptrend situation, you should consider a buy decision, however if the downtrend occurs you should try to sell. Technical analysts use different patterns or Forex indicators in order to create a price chart that will suit the future market hoping the price would follow the pattern.

    Basing on these statements, technical analysis can be also explained as the mathematical analyzing of historical data and carrying out price forecasts. So, traders, have you seen the importance of applying technical Forex analysis? Then fix a watchful eye!

  7. #7
    forextechnology88 is offline Junior Member
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    USDJPY reached its seven month high yesterday, 80.39.Fundamenal analysts may tell traders need to be cautious about the further market movement. Technically, traders may need to watch close on this currency pair, doubts remaining though.

    Trend Analysis

    Not only USDJPY hit its months high at 80.39, but also ADX shows an increasing amount of the momentum. A trend is definitely developing.
    On the other hand, the trend crossed both 20-day-moving-average and 55-day-moving-average consecutively. Technical speaking, a gold cross is developing.

    Forex Candlestick

    A harami pattern formed right top on the trend maybe a sign that the sellers are taking profit, damaging the existing trend. A false signal maybe, traders need to pay attention to the market momentum cautiously.

  8. #8
    fx-investindo is offline Senior Member
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    EUR / USD Mid-Day Outlook March 15, 2012

    Daily Pivots: (S1) 1.3026; (P) 1.3109 (R1) 1.3166;

    Bias in EUR / USD remains on the downside for the price of support 1.2974 . Break there will confirm that whole rebound from the price of 1.2625 has completed with three waves in the price of 1.3486 . EUR / USD maintains the pattern of deterioration in the price of 1.4939 and the decline continues. Prices through 1.2974 would pave the way for new lower prices below the price of 1.2625 . On the contrary, through the price of 1.3290 resistance is a signal indicating completion of the reduction of the price of 1.3486 . If not, we will remain cautiously bearish.



    GBP / USD Mid-Day Outlook March 15, 2012

    Daily Pivots: (S1) 1.5633; (P) 1.5690; (R1) 1.5760;


    Some consolidation (correction) can be viewed at the price of 1.5602 . But short term outlook in GBP / USD remains bearish with price resistance 1.5832 . Below the price of 1.5602 will target the price of 1.5234 . Recent developments still show an overall decrease of the price of 1.6746 is still in progress. Prices through 1.5234 will target next psychological level 1.5. On the contrary, through the price of 1.5832 will turn outlook bearish and change the focus back to the price of 1.5991 .



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  9. #9
    fx-investindo is offline Senior Member
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    USD/JPY Weekly Outlook 10 April 2012

    Corrective and choppy decline from 84.17 last week continues and there is no indication of the settlement. Can be seen to fall more in the beginning of this week. But at this point, we still expect downside to be contained Wealth 80.58/81.86 support zone and bring rally eventually return. Above 82.55 minor resistance will suggest that the correction is completed and returned to the upside bias. Penetrate further than 84.17 will extend rally from 76.02 and target 85.51 resistance. However, the invisibility of 81.86 will change the bias to the downside and bring deeper decline back to 79.52 the next support.


    USD/CHF Weekly Outlook 10 April 2012

    USD / CHF 's strong rebound last week mixed with a bearish outlook. With the support 0.9143 , a further increase little by little we hope this diminggu to 0.9334 . Price will be confirmed through the resumption of rebound from 0.8930 and target 0.9594 . In contrast, below 0.9143 will bias back to the downside and translucency of 0.9001 support will target 0.8930 .


    EUR/USD Weekly Outlook 10 April 2012

    The decline from 1.3385 extended and the case last week rebound from 1.2625 is complete at 1.3486 . Further decline in the expected long 1.3164 minor resistance has not been touched, for 1.3003 support. These prices will continue through the entire decline from 1.3486 and is targeting 100% projection of 1.3486 to 1.3003 from 1.3385 of that is at 1.2902 . More importantly, it also confirmed that the reduction is greater than 1.4939 will continue to lower the other. On the contrary, above 1.3164 minor resistance will turn to a neutral bias.


    GBP/USD Weekly Outlook 10 April 2012

    GBP / USD 's sharp fall last week peppered with short-term bullish outlook and focus is now back to 1.5769 support. Transparent pricing, there will be an early sign of a reversal of the short and will bias to the downside for 1.5602 . However, before that, another rally can still be seen and above 1.6060 will target 1.6165 resistance (61.8% retracement of 1.6746 to 1.5234 at 1.6168).


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  10. #10
    fx-investindo is offline Senior Member
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    GBP/USD Mid-Day Outlook 18 April 2012

    Daily Pivots: (S1) 1.5841; (P) 1.5876; (R1) 1.5933;

    GBP / USD still be in the range of 1.5804/5983 and bias remains neutral (sideway). Conditions downside, translucency of 1.5804 will confirm the resumption of decline from 1.6060 and the test target at 1.5602 support. As previously noted the overall rebound from 1.5234 likelihood completed by 1.6060 . Translucent 1.5602 and target tests to confirm bearish at 1.5234 . However, above 1.5983 will indicate that rise from 1.5602 is still ongoing and continuing as long as price is above 1.6060 .


    EUR/USD Mid-Day Outlook 18 April 2012

    Daily Pivots: (S1) 1.3041; (P) 1.3094 (R1) 1.3194;

    Daily bias in EUR / USD neutral for now. Conditions downside, below 1.2949 will extend the overall decline from 1.3486 to 1.2625 . On the contrary, however, the translucency of 1.3212 will confirm that choppy decline from 1.3486 as a correction and will be completed. In such case, the bias will flip back to the upside to 1.3385 to retest 1.3486 .


    USD/JPY Mid-Day Outlook 18 April 2012

    Daily Pivots: (S1) 80.12; (P) 80.56; (R1) 80.82;

    USD / JPY 's recovery from 80.29 is still in progress, by successfully penetrating from 81.19 resistance (R1)confirm the formation of short-term valley and bring stronger rebound back to the 84.17 resistance (R2). However, a further decline is still expected. Below 80.29 will target 61.8% retracement of 76.02 to 84.17 at 79.13 .


    USD/CHF Mid-Day Outlook 18 April 2012

    Daily Pivots: (S1) 0.9106; (P) 0.9179; (R1) 0.9217;

    Daily bias in USD / CHF neutral for now. With the support 0.9091 , rebounding from 0.9001 support to continue the test was 0.9334 . Break there will confirm the resumption of an increase of 0.8930 and confirms the case that whole rally from 0.7065 is still going on as long as price is above 0.9594 . However, below 0.9091 will turn bias back to the downside for 0.9001 . Translucent will shift further supports the case that the rise in USD / CHF is the price it at 0.9594 .


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