Tracking the EUR/USD pair
Date: 19.09.2012 Time: 17:30 Rate: 1.3071
Daily chart
Last Review
The breaching of the 1.2939 price level continued the uptrend and stopped on the 1.3172 price level, which can be seen on the weekly chart and which is a 38.2% correction of the downtrend between the 1.4940 and the 1.2040 price levels. Proven breaking of the price on this level will probably lead the price to a technical correction in size of between a third and two thirds of the uptrend which started from the 1.2500 price level. On the other hand, breaching of the 1.3172 price level will probably lead the price towards the closest resistance on the 1.3280 price level.
Current review for today
The price went down to check the 1.3000 support level and it look like this level can still hold. Breaching of the 1.3172 price level will probably lead the price to the 1.3280 resistance level at first stage. On the other hand, breaking of the 1.3000 support level will indicate that it is possible to see a technical correction in size of between a third and two thirds of the uptrend which started on the 1.2500 price level.
You can see the eur/usd chart below:
EUR/USD
Date: 19.09.2012 Time: 19:17 Rate: 1.3054
4 Hour chart
Last Review
The price has climbed consistently from the 1.2500 price level while it is moving in an ascending price channel. The uptrend has stopped on the upper lip of the tunnel on the 1.3170 price level, while it is possible to see the breaking of the lower lip occurring now. It is possible to assume that if the price will stay under the lower lip of the tunnel, it will create a technical correction of the uptrend locked in the tunnel (black broken line) in size of between a third and two thirds, meaning between the 1.2758 and the 1.2916 price levels. On the other hand, a comeback and establishment of the price above the lower lip of the tunnel and breaching of the 1.3700 price level will probably lead the price to continue the uptrend with first target on the 1.3280 price level (see daily chart).
Current review for today
By breaking the 1.3084 price level which is used as the neck line of the “Double top” pattern (small red arrows), the price has reached the 1.3000 target level (red broken lines). The price is currently located under the Bollinger moving average and it is possible that breaking the 1.3000 price level will continue the downtrend towards its first target on the 1.2916 price level, which is 38.2% technical correction level of the uptrend that is marked with black broken line. Only breaching of the 1.3170 price level which is the last peak, will change this assumption.
You can see the eur/usd chart below:
GBP/USD
Date: 19.09.2012 Time: 19:28 Rate: 1.6220
4 Hour chart
Last Review
The price has climbed consistently from the 1.5826 price level while it is moving in an ascending price channel. The uptrend has stopped on the upper lip of the tunnel on the 1.6273 price level while proven breaking of the 1.6200 price level followed by a descend of the price under the lower lip of the ascending price channel will create a technical correction of the uptrend locked in the tunnel (black broken line) in size of between a third and two thirds, meaning between the 1.6000 and the 1.61000 price levels. On the other hand, breaching of the 1.6273 price level will probably lead the price to a continuation of the uptrend while its first target is the closest resistance on the 1.6550 price level.
Current review for today
The price has broken the 1.6200 price level but the breaking candle closed eventually above it, therefore it is not a proven breaking (as it was written on yesterday’s review). It is possible to see that the price has broken the lower lip of the ascending price channel (red broken lines) and it was checked again by the price after the breaking (the shadow of the previous candle) another breaking of this level and closure of a candle under it will probably lead the price towards the 1.6100 price level at first stage. This level is a 38.2% Fibonacci correction of the last uptrend which is marked by a black broken line. Only breaching of the 1.6273 price level will cancel this assumption.
You can see the GBP/USD chart below:
AUD/USD
Date: 19.09.2012 Time: 19:34 Rate: 1.0484
4 Hour chart
Last Review
The price has performed an uptrend from the 1.0167 price level while moving in an ascending price structure (blue broken lines), stopped on the last peak around the 1.0600 price level and sharply descended by correcting a third of the uptrend locked in the tunnel, towards the 1.0450 price level. The price has stopped now around the descending trend line between the peaks (black broken line), while it is using as a dynamic support. Breaching of the 1.0450 price level will indicate that it is possible to see a correction of the last downtrend in size of between a third and two thirds, meaning between the 1.0492 and the 1.0543 price levels. On the other hand, breaking of the last low will indicate that it is possible to see the price reaching the 1.0400 at first stage followed by the next Fibonacci correction on the 1.0340 price level.
Current review for today
As it was written yesterday, the price has corrected the last downtrend (red broken line) by a Fibonacci third (38.2%), towards the 1.0492 price level, while breaching this level will probably lead the price towards the next Fibonacci levels- the 1.0517 and the 1.0543 price levels. On the other hand, stoppage of the price at the current area and its descending under the 1.0400 price level, will probably lead the price towards the 1.0340 price level.
You can see the AUD/USD chart below:
USD/CHF
Date: 19.09.2012 Time: 19:37 Rate: 0.9275
4 Hour chart
Last Review
The price continued the downtrend towards the target of the last review on the 0.9250 price level while it is creating a range between the 0.9250 and the 0.9300 price levels. Breaking of the lower ranging level will probably continue the downtrend while the target of the price is the closest support on the 0.9040 price level. On the other hand, breaching of the upper ranging level will probably lead the price towards the closest resistance on the 0.9360 price level followed by the lower lip of the shrinking descending price channel (black broken line) which is used as a dynamic resistance.
Current review for today
Nothing changed much since yesterdays review and the price3 is still ranging between the 0.9250 and the 0.9300 price levels. Breaking of the lower ranging level will probably continue the downtrend while the first target of the price is the closest support on the 0.9040 price level. On the other hand, breaching of the upper ranging level will probably lead the price towards the closest resistance on the 0.9360 price level followed by the lower lip of the shrinking descending price channel (lower black broken line) which is used as a dynamic support.
You can see the USD/CHF chart below:
http://www.real-forex.com/charts-daily/r/09/20.09.2012/5.jpg
Important announcements for today:
08.30 (GMT+1) EUR – German Flash Manufacturing PMI
09.30 (GMT+1) GBP – Retail Sales (Monthly)
09.50 (GMT+1) EUR – Spanish 10-y Bond Auction
13.30 (GMT+1) USD – Unemployment Claims
15.00 (GMT+1) USD – Philly Fed Manufacturing Index
19.00 (GMT+1) GBP – BOE Gov King Speaks
Date: 19.09.2012 Time: 17:30 Rate: 1.3071
Daily chart
Last Review
The breaching of the 1.2939 price level continued the uptrend and stopped on the 1.3172 price level, which can be seen on the weekly chart and which is a 38.2% correction of the downtrend between the 1.4940 and the 1.2040 price levels. Proven breaking of the price on this level will probably lead the price to a technical correction in size of between a third and two thirds of the uptrend which started from the 1.2500 price level. On the other hand, breaching of the 1.3172 price level will probably lead the price towards the closest resistance on the 1.3280 price level.
Current review for today
The price went down to check the 1.3000 support level and it look like this level can still hold. Breaching of the 1.3172 price level will probably lead the price to the 1.3280 resistance level at first stage. On the other hand, breaking of the 1.3000 support level will indicate that it is possible to see a technical correction in size of between a third and two thirds of the uptrend which started on the 1.2500 price level.
You can see the eur/usd chart below:
EUR/USD
Date: 19.09.2012 Time: 19:17 Rate: 1.3054
4 Hour chart
Last Review
The price has climbed consistently from the 1.2500 price level while it is moving in an ascending price channel. The uptrend has stopped on the upper lip of the tunnel on the 1.3170 price level, while it is possible to see the breaking of the lower lip occurring now. It is possible to assume that if the price will stay under the lower lip of the tunnel, it will create a technical correction of the uptrend locked in the tunnel (black broken line) in size of between a third and two thirds, meaning between the 1.2758 and the 1.2916 price levels. On the other hand, a comeback and establishment of the price above the lower lip of the tunnel and breaching of the 1.3700 price level will probably lead the price to continue the uptrend with first target on the 1.3280 price level (see daily chart).
Current review for today
By breaking the 1.3084 price level which is used as the neck line of the “Double top” pattern (small red arrows), the price has reached the 1.3000 target level (red broken lines). The price is currently located under the Bollinger moving average and it is possible that breaking the 1.3000 price level will continue the downtrend towards its first target on the 1.2916 price level, which is 38.2% technical correction level of the uptrend that is marked with black broken line. Only breaching of the 1.3170 price level which is the last peak, will change this assumption.
You can see the eur/usd chart below:
GBP/USD
Date: 19.09.2012 Time: 19:28 Rate: 1.6220
4 Hour chart
Last Review
The price has climbed consistently from the 1.5826 price level while it is moving in an ascending price channel. The uptrend has stopped on the upper lip of the tunnel on the 1.6273 price level while proven breaking of the 1.6200 price level followed by a descend of the price under the lower lip of the ascending price channel will create a technical correction of the uptrend locked in the tunnel (black broken line) in size of between a third and two thirds, meaning between the 1.6000 and the 1.61000 price levels. On the other hand, breaching of the 1.6273 price level will probably lead the price to a continuation of the uptrend while its first target is the closest resistance on the 1.6550 price level.
Current review for today
The price has broken the 1.6200 price level but the breaking candle closed eventually above it, therefore it is not a proven breaking (as it was written on yesterday’s review). It is possible to see that the price has broken the lower lip of the ascending price channel (red broken lines) and it was checked again by the price after the breaking (the shadow of the previous candle) another breaking of this level and closure of a candle under it will probably lead the price towards the 1.6100 price level at first stage. This level is a 38.2% Fibonacci correction of the last uptrend which is marked by a black broken line. Only breaching of the 1.6273 price level will cancel this assumption.
You can see the GBP/USD chart below:
AUD/USD
Date: 19.09.2012 Time: 19:34 Rate: 1.0484
4 Hour chart
Last Review
The price has performed an uptrend from the 1.0167 price level while moving in an ascending price structure (blue broken lines), stopped on the last peak around the 1.0600 price level and sharply descended by correcting a third of the uptrend locked in the tunnel, towards the 1.0450 price level. The price has stopped now around the descending trend line between the peaks (black broken line), while it is using as a dynamic support. Breaching of the 1.0450 price level will indicate that it is possible to see a correction of the last downtrend in size of between a third and two thirds, meaning between the 1.0492 and the 1.0543 price levels. On the other hand, breaking of the last low will indicate that it is possible to see the price reaching the 1.0400 at first stage followed by the next Fibonacci correction on the 1.0340 price level.
Current review for today
As it was written yesterday, the price has corrected the last downtrend (red broken line) by a Fibonacci third (38.2%), towards the 1.0492 price level, while breaching this level will probably lead the price towards the next Fibonacci levels- the 1.0517 and the 1.0543 price levels. On the other hand, stoppage of the price at the current area and its descending under the 1.0400 price level, will probably lead the price towards the 1.0340 price level.
You can see the AUD/USD chart below:
USD/CHF
Date: 19.09.2012 Time: 19:37 Rate: 0.9275
4 Hour chart
Last Review
The price continued the downtrend towards the target of the last review on the 0.9250 price level while it is creating a range between the 0.9250 and the 0.9300 price levels. Breaking of the lower ranging level will probably continue the downtrend while the target of the price is the closest support on the 0.9040 price level. On the other hand, breaching of the upper ranging level will probably lead the price towards the closest resistance on the 0.9360 price level followed by the lower lip of the shrinking descending price channel (black broken line) which is used as a dynamic resistance.
Current review for today
Nothing changed much since yesterdays review and the price3 is still ranging between the 0.9250 and the 0.9300 price levels. Breaking of the lower ranging level will probably continue the downtrend while the first target of the price is the closest support on the 0.9040 price level. On the other hand, breaching of the upper ranging level will probably lead the price towards the closest resistance on the 0.9360 price level followed by the lower lip of the shrinking descending price channel (lower black broken line) which is used as a dynamic support.
You can see the USD/CHF chart below:
http://www.real-forex.com/charts-daily/r/09/20.09.2012/5.jpg
Important announcements for today:
08.30 (GMT+1) EUR – German Flash Manufacturing PMI
09.30 (GMT+1) GBP – Retail Sales (Monthly)
09.50 (GMT+1) EUR – Spanish 10-y Bond Auction
13.30 (GMT+1) USD – Unemployment Claims
15.00 (GMT+1) USD – Philly Fed Manufacturing Index
19.00 (GMT+1) GBP – BOE Gov King Speaks
