GIGFX Technical Analysis For Majors (Updated Daily)

[GIGFX]

Thursday September 22nd 2011 GIGFX Technical Analysis Report

EUR/USD

As it was expected through the last analysis, the pair continued declining reaching the support level 1.3585 after it failed to break the resistance level 1.3712 coinciding with the bearish trendline for mid-term trades, the pair continued declining breaking the support level 1.3585 which represents the point B of the harmonic pattern AB=CD which is being forming, it is expected that the pair will continue declining targeting the area of the point D that completes the harmonic pattern and which locates between the level 1.3440 and the support level 1.3385 which represents 127% of fibonacci's continuous level for the bullish move (from 1.3500 to 1.3936), in order to reach this area the pair should break the support level 1.3500.

The stability of these expectations requires the stability of the resistance level 1.3630.

Res: 1.3724 1.3876 1.3956
Pivot: 1.3644
Sup: 1.3492 1.3412 1.3260

[/url]


[B]GBP/ USD[/B]

The pair continued declining inside that bearish channel as it was expected yesterday breaking the support level 1.05565 reaching the support level 1.5495 which was the target of the harmonic pattern AB=CD that has been mentioned in the last analysis, now the pair is still moving around its pivot till now coinciding with testing the bottom border of this bearish channel so it is expected that the pair will continue declining targeting the support level 1.5370 with the probability of existing a correction rise targeting to test the resistance level 1.5565.

The stability of these expectations requires the stability of the resistance level 1.05565.

Res: 1.5668 1.5837 1.5928
Pivot: 1.5577
Sup: 1.5408 1.5317 1.5148
[IMG][url=http://www.herosh.com][img]http://img103.herosh.com/2011/09/22/927207501.png[/url]


[B]USD/CHF[/B]

The USD/CHF was able to rise during the previous treads to pass the resistance level 0.8928 that represents the B point for the harmonic pattern AB=CD which mentioned previously; as the pair was able also to pass the 1ST target for that rising at 0.9000, leading the expectations with the stability of 0.9000 level for further rising for the pair targeting 0.9100 level that represents the expected D point for the pattern, but if the pair traded below 0.9000 level it may search for a good support to retest such as 0.8928 level and if the pair traded below this level it will fall targeting the support level 0.8640 that represents the C point for the pattern.

Res: 0.9085 0.9169 0.9331
Pivot: 0.8923
Sup: 0.8839 0.8677 0.8593
[IMG][url=http://www.herosh.com][img]http://img102.herosh.com/2011/09/22/471637954.png[/url]


[B]USD/CAD[/B]

On the contrary of what was expected yesterday, the pair rose supported by rising the U.S. dollar against a basket of its major counterparts breaking the resistance level 0.9933, the pair continued rising breaking the resistance levels 100.25 and 1.0090 which represents 127% of fibonacci's continuous level for the bearish move (From 1.0025 to 0.9783), it is expected that the pair will continue rising targeting the resistance level 1.0175 which coincides with the top border of the bullish pitchfork channel for long and mid-term trades.

The stability of these expectations requires the stability of the support level 1.0025.


Res: 1.0139 1.0202 1.0317
Pivot: 1.0024
Sup: 0.9961 0.9846 0.9783
[IMG][url=http://www.herosh.com][img]http://img103.herosh.com/2011/09/22/837660020.png[/url]


[B]AUD/USD[/B]

The AUD/USD pair is forming again the main bearish direction for the medium-term as was expected after breaking down the level 1.0177 and also the level 1.0147, whereas the bearish direction is still dominating the last intraday trades, so it's expected that the bearish move will be continued till the support area between the level 0.9957 which represents 200% Fibonacci retracement continuous level for the bullish direction (from 1.0177 to 1.0397) and the level 0.9925 which represents a long-term pivotal support level.

This scenario depends on the stability of the resistance

Res: 1.0209 1.0379 1.0467
Pivot: 1.0121
Sup: 0.9951 0.9863 0.9693
[ATTACH]1543.vB[/ATTACH]

 

[GIGFX]

Friday September 23rd 2011 GIGFX Technical Analysis Report

EUR/USD

The DJ index continued declining breaking the level 10900 which represents 61.8% of fibonacci's correction level for the last bullish wave for mid-term trades breaking the level 10710 which represents 76.4% of fibonacci's correction level for the last bullish wave but it returned to trade around the pivot of this level till now and if the index succeeded to hold above this level it will rise targeting to re-test the resistance level 10900 but if the index was unable to hold above that level it will decline targeting the support level 10570 again.

The stability of these expectations requires the stability of the resistance level 10900.

Res: 1.3579 1.3697 1.3794
Pivot: 1.3482
Sup: 1.3364 1.3267 1.3149

[/url]

[B]GBP/ USD[/B]

The GBP/USD pair continued declining inside the bearish channel as was expected yesterday coinciding with the channel's lower border, it tried yesterday to break it down but it was unable and returned back to trade inside it again, so a further drop is expected for the pair targeting the support level 1.5265 with the probability of a correcting rise retesting the resistance level 1.5565.

This scenario depends on the stability of the resistance level 1.5565.

Res: 1.5464 1.5586 1.5655
Pivot: 1.5395
Sup: 1.5273 1.5204 1.5082
[IMG][url=http://www.herosh.com][img]http://img102.herosh.com/2011/09/23/31607477.png[/url]


[B]USD/CHF[/B]

The USD/CHF was able to rise as was expected during the previous treads to pass the expected target that mentioned through the previous report reaching 0.9184 level forming a top at this level that pushed the pair to fall approaching 0.9000 support level, that top formed the second point for a bullish channel the pair was able to form previously, which supports the bullish direction with the stability of the support levels 0.9000 and 0.8920 with the stability of the channel bottom line, where it is expected during the upcoming trades that the pair will target the retesting of the support level 0.8920 if it was able to pass down 0.9000 level that may coincide with the channel bottom line to push the pair to rise again targeting the retesting of the resistance level 0.9184 again.

Res: 0.9187 0.9287 0.9393
Pivot: 0.9081
Sup: 0.8981 0.8875 0.8775
[IMG][url=http://www.herosh.com][img]http://img104.herosh.com/2011/09/23/241031313.png[/url]


[B]USD/CAD[/B]

The USD/CAD pair is trying to form a bullish bottom at the support level 10.224, so it's expected during the intraday trades that the pair will retest the resistance level 1.0359 and the stability above this level which will give the pair the chance to target the resistance level 1.0469.

This scenario depends on the stability of the support level 1.0224.


Res: 1.0409 1.0538 1.0717
Pivot: 1.023
Sup: 1.0101 0.9922 0.9793
[IMG][url=http://www.herosh.com][img]http://img102.herosh.com/2011/09/23/330386537.png[/url]


[B]AUD/USD[/B]

The pair declined strongly after breaking the level 1.0170 which represents the top border of the descending triangle which led the pair to decline to the level 0.9690 which represents the target of that broken pattern and formed a bottom at this level which led the pair t rise again re-testing the near resistance level at 0.9840, it is expected that the pair will continue declining targeting the level 0.9525 but under the condition of breaking the support level 0.9690.

The stability of these expectations requires the stability of the resistance level 0.9980.

Res: 0.9983 1.0225 1.0372
Pivot: 0.9836
Sup: 0.9594 0.9447 0.9205
[ATTACH]1552.vB[/ATTACH]

 

[GIGFX]

Tuesday october 18th 2011 GIGFX Technical Analysis Report

EUR/USD

Yesterday trades saw declining the pair by breaking the bottom border of the bullish wedge reversal pattern reaching the support level 1.3733 as it was expected through the last analysis, it is expected that the pair will continue forming its bearish correction move by breaking the support level 1.3733 targeting the level 1.3530 which represents the target of the pattern and also represents 50.0% of fibonacci's correction level for the bullish move (from 1.3146 to 1.3914).

The stability of these expectations requires the stability of the resistance level 1.3790.


Res: 1.3859 1.3981 1.4048
Pivot: 1.3792
Sup: 1.3670 1.3603 1.3481

[/url]


[B]GBP/ USD[/B]

The GBP/USD pair has been already declined registering the lowest price for it during yesterday trades at 1.5730 declaring by that getting it out from the bullish reversal short-term wedge pattern, a further drop is expected which is affected by this pattern, the pair will target the support level 1.5665 as it's first target for this bearish move then the support level 1.5535.

This scenario depends on the stability of the resistance level 1.5830.

Res: 1.5816 1.5889 1.5932
Pivot: 1.5773
Sup: 1.5700 1.5657 1.5584
[IMG][url=http://www.herosh.com][img]http://img104.herosh.com/2011/10/18/45001848.png[/url]


[B]USD/CHF[/B]

The pair formed a bearish channel for near and mid-term trades so it is expected that the pair will continue declining targeting the support level 0.9808 as the first target and if the pair held below this level it will target the support level 0.8854 which coincides with the bottom border of the channel.

The stability of these expectations requires the stability of the resistance level 0.8989.

Res: 0.9032 0.9073 0.9149
Pivot: 0.8956
Sup: 0.8915 0.8839 0.8798
[IMG][url=http://www.herosh.com][img]http://img102.herosh.com/2011/10/18/282744107.png[/url]


[B]USD/CAD[/B]

The USD/CAD pair was able to form a wedge pattern that reflects the bearish direction for the last medium and long periods, where the pair has formed a bottom at 1.0042 level to rise from it breaking the pattern top line to settle above 23.6% correction level for the bearish move from 1.0655 to the mentioned bottom, leading the expectations for further rising for the pair during the upcoming short and medium trades targeting 1.0276 level represented by 38.2% correction level which if the pair was able to pass it will target 1.0349 level that represents 50% correction level then 1.0421 representing the pattern final target coinciding with 61.8% correction level.

This scenario requires the stability of the support level represented by 23.6% correction level.


Res: 1.0357 1.0393 1.0551
Pivot: 1.0199
Sup: 1.0163 1.0005 0.9969
[IMG][url=http://www.herosh.com][img]http://img104.herosh.com/2011/10/18/458017289.png[/url]


[B]AUD/USD[/B]

The AUD pair failed yesterday to break the level 1.0360 which led the pair to decline again and broke the level 1.0255 by breaking the bottom border of the bullish channel in which the pair is moving then it rose to re-test the near resistance level at the level 1.0255, it is expected that the pair will continue its declining move reaching the level 1.0010 this level is the target of breaking the bullish channel but under the condition of breaking the level 1.010.
The stability of these expectations requires the stability of the resistance level 1.0360.


Res: 1.0301 1.0447 1.0524
Pivot: 1.0224
Sup: 1.0078 1.0001 0.9855
[ATTACH]1654.vB[/ATTACH]

 

[GIGFX]

wednesday october 19th 2011 GIGFX Technical Analysis Report

EUR/USD

The pair continued declining during yesterday trades to the level 1.3650 as the first target for the bullish wedge pattern, a bottom has been formed at this level which led the pair to rise again to re-test the near resistance level and now it is testing the resistance level 1.3817, breaking this level means more rising targeting to re-test the resistance level 1.3914 but in the case that the pair completed the formation of the top at the level 1.3817 it will decline to the level 1.3650 followed by the level 1.3530 which represents the last target of the pattern and represents 50.0% of fibonacci's correction level for the bullish wave (From 1.3146 to 1.3914).

Res: 1.3828 1.3904 1.3992
Pivot: 1.3740
Sup: 1.3664 1.3576 1.3500

[/url]


[B]GBP/ USD[/B]

The GBP/USD pair declined as was expected to target the support level 1.5665 which coincides with the first target for this formed reversal (bullish wedge) pattern for the near-term and getting out the price from this pattern; to begin a bearish correction move, as its first target was done by reaching the support level 1.5665, so it's expected that the bearish scenario will be continued till targeting the pair the support level 1.5535 but only after breaking the support level 1.5665.
So, it's advised to all traders not to enter any bearish positions; but only in case of breaking the support level 1.5665 with having a good close below it.

This scenario depends on the stability of the resistance level 1.5830.

Res: 1.5812 1.5912 1.6003
Pivot: 1.5721
Sup: 1.5621 1.5530 1.5430
[IMG][url=http://www.herosh.com][img]http://img104.herosh.com/2011/10/19/612745156.png[/url]


[B]USD/CHF[/B]

The pair is still trying to reach its targets after breaking the reversal bearish wedge pattern, although the pair was unable to hold above the resistance level 0.9049 which represents 38.2% of fibonacci's correction level for the bearish direction but it is targeting to re-test this level and if the pair held above this level it will target the resistance level 0.9098 which represents 50.0% of fibonacci's correction level and if the pair held above this level too, it will target the resistance level 0.9152 which represents 61.8% of fibonacci's correction level.

The stability of these expectations requires the stability of the support level 0.8984 which represents 23.6% of fibonacci's correction level.

Res: 0.9039 0.9094 0.9141
Pivot: 0.8992
Sup: 0.8937 0.8890 0.8835
[IMG][url=http://www.herosh.com][img]http://img104.herosh.com/2011/10/19/714860372.png[/url]


[B]USD/CAD[/B]

The USD/CAD pair could not pass the resistance level 1.0276 that represents 38.2% correction level for the bearish move from 1.0655 to 1.0042 to fall from this level breaking 1.0187 level that represents 23.6% correction level, to retest with this move the broken bearish trend line that represents the wedge top line which mentioned previously, that may push the pair to fall in order to retest the support level 1.0042 which represents the previous bottom, which requires the stability of the current resistance level 1.0187.

Res: 1.0231 1.0323 1.0384
Pivot: 1.0170
Sup: 1.0078 1.0017 0.9925
[IMG][url=http://www.herosh.com][img]http://img105.herosh.com/2011/10/19/299625059.png[/url]


[B]AUD/USD[/B]

The pair failed to break the level 1.0110 and closed above this level which led it to rise again breaking the level 1.0225 then reached the level 1.0360 trying to re-test the bottom border of the broken bullish channel, it is expected that the pair will continue declining and will re-test the level 1.0110 but under the condition of breaking the level 1.0225.

The stability of these expectations requires the stability of the resistance level 1.0470.

Res: 1.0352 1.0444 1.0562
Pivot: 1.0234
Sup: 1.0142 1.0024 0.9932
[ATTACH]1662.vB[/ATTACH]

 

[GIGFX]

Thursday october 20th 2011 GIGFX Technical Analysis Report

EUR/USD

It is noticed that the pair is forming the harmonic pattern AB=CD as it formed a top at the level 1.3870 which represents the point C, the pair declined from this top to form the bearish rib CD and it is expected that the pair will continue declining during the upcoming trades targeting the support level 1.3650 which represents the point B, breaking this level means more declining till the level 1.3600 which represents the point D that completes the pattern, it is expected that the pair will continue declining targeting the level 1.3530 as the final target for the bearish wedge pattern but under the condition of breaking the level 1.3600 downside.

The stability of these expectations requires the stability of the resistance level 1.3780.


Res: 1.3844 1.3928 1.3988
Pivot: 1.3784
Sup: 1.3700 1.3640 1.3556

[/url]


[B]GBP/ USD[/B]

After raising the pair during yesterday trades with retesting the resistance level 1.5840 this level has been stabile for the second consecutive time pushed the GBP/USD pair down to be a reversal double consecutive tops pattern for the bullish direction so it's expected that the pair will decline during the intraday trades affected by the formed pattern but confirmation of breaking the pattern's base line at the support level 1.5678 with a good close below it pushing the price to target the support level 1.5592 as it's first target for the formed pattern then the support level 1.5510.

This scenario depends on the stability of the resistance level 1.5840.

Res: 1.5846 1.5920 1.5994
Pivot: 1.5772
Sup: 1.5698 1.5624 1.5550
[IMG][url=http://www.herosh.com][img]http://img105.herosh.com/2011/10/20/460374226.png[/url]

[B]USD/CHF[/B]

As it is noticed through this chart, the pair now is forming a harmonic pattern AB=CD for near and mid-term trades and now it is moving in the range of the last wave CD and during today's trades the pair broke the resistance level 0.9049 which coincides with the point B which may led the pair to complete the harmonic pattern targeting the resistance level 0.9120 which represents the point D.

The stability of these expectations requires the stability of the support level 0.9049.

Res: 0.9059 0.9092 0.9146
Pivot: 0.9005
Sup: 0.8972 0.8918 0.8885
[IMG][url=http://www.herosh.com][img]http://img102.herosh.com/2011/10/20/577225132.png[/url]


[B]USD/CAD[/B]

After the USD/CAD tested the wedge top line that was broken during the previous trades; the pair formed a bottom at 1.0080 that pushed the pair to rise forming a rising harmonic pattern that expected to target 1.0313 resistance level that represent 127% continuous level for the BC wave for the pattern then 1.0376 that represents 161.8% continuous level for the same wave, with a good chance to retest the AC trend line coinciding with the support level 1.0135 support level.

Res: 1.0250 1.0298 1.0382
Pivot: 1.0166
Sup: 1.0118 1.0034 0.9986
[IMG][url=http://www.herosh.com][img]http://img105.herosh.com/2011/10/20/598496925.png[/url]

[B]AUD/USD[/B]

As it was expected through yesterday analysis, the pair declined to the level 1.0140 which represents 23.6% of fibonacci's correction level for the last bullish wave (from 0.9390 to 1.0370), it is expected that the pair will continue declining to the level 0.9995 which represents 38.2% of the same fibonacci's correction level for the same bullish move and this level is the target of breaking the bullish channel.

The stability of these expectations requires the stability of the resistance level 1.0240.


Res: 1.0315 1.0408 1.0464
Pivot: 1.0259
Sup: 1.0166 1.0110 1.0017
[ATTACH]1672.vB[/ATTACH]

 

[GIGFX]

Friday october 21st 2011 GIGFX Technical Analysis Report

EUR/USD

The pair was moving volatile during the last mid-term trades tending to decline for near-term trades, as it succeeded to form the triangle pattern that the pair now is testing its top border and if the top border held the pair will decline targeting the level 1.3657 which coincides with the bottom border of the triangle pattern which if the pair broke it with breaking the level 1.3621 which represents 38.2% of fibonacci's correction level for the bullish wave (from 1.3146 to 1.3914) the pair will target the next support level at 1.3530 which represents 50.0% of fibonacci's correction level followed by 1.3439 which represents 61.8% of fibonacci's correction level, but if the pair broke the top border of the pattern it will rise targeting to test the resistance area from 1.3870 to 1.3914.


Res: 1.3861 1.3944 1.4046
Pivot: 1.3759
Sup: 1.3676 1.3574 1.3491

[/url]

[B]GBP/ USD[/B]

The GBP/USD pair is moving inside the sideway channel since this week trades beginning between the resistance level 1.5840 and the support level 1.5675 which tried to test it yesterday and was unable to break this level which led the pair to reverse up testing the resistance level 1.5840 to move inside the same sideway area, so breaking any of these levels means starting a new direction and if succeeds on breaking this area up so it will immediately target the resistance level 1.5925 but in case of breaking this area down so it will immediately target the support level 1.5596.


Res: 1.5833 1.5878 1.5954
Pivot: 1.5757
Sup: 1.5712 1.5636 1.5591
[IMG][url=http://www.herosh.com][img]http://img103.herosh.com/2011/10/21/135998704.png[/url]

[B]USD/CHF[/B]

The pair is forming AB=CD harmonic pattern and formed a top at the resistance level 0.9087 which represents the point C trying to complete the last wave CD targeting the support level 0.8655 which represents the point D and now the pair is trying to break the support level 0.8885 which represents the point B and if the pair held below this level it will target the support level 0.8655 which represents the point D.

The stability of these expectations requires the stability of the pair below the support level 0.8885.

Res: 0.9036 0.9135 0.9189
Pivot: 0.8982
Sup: 0.8883 0.8829 0.8730
[IMG][url=http://www.herosh.com][img]http://img103.herosh.com/2011/10/21/64859454.png[/url]

[B]USD/CAD[/B]

The previous analyse remain for the USD/CAD as the pair was able to retest the support level 1.0135 approaching the bullish trend line AC, previously the pair tested the wedge top line that was broken during the previous trades; forming a bottom at 1.0080 that pushed the pair to rise forming a rising harmonic pattern that expected to target 1.0313 resistance level that represent 127% continuous level for the BC wave for the pattern then 1.0376 that represents 161.8% continuous level for the same wave.


Res: 1.0221 1.0289 1.0335
Pivot: 1.0175
Sup: 1.0107 1.0061 0.9993
[IMG][url=http://www.herosh.com][img]http://img105.herosh.com/2011/10/21/35076631.png[/url]


[B]AUD/USD[/B]

The pair rose to re-test the level 1.0290 and during the mid-term trades it formed a symmetric triangle pattern, it is expected that the pair will continue declining by breaking the bottom border of the mentioned pattern reaching the level 0.9995 which represents 38.2% of fibonacci's correction level for the last bullish wave (0.9390 to 1.0370) -this is the target of breaking the bullish channel- but under the condition of breaking the level 1.0140 which represents 23.6% of fibonacci's correction level for the last bullish wave.

The stability of these expectations requires the stability of the resistance level 1.0290.


Res: 1.0303 1.0375 1.0453
Pivot: 1.0225
Sup: 1.0153 1.0075 1.0005
[ATTACH]1680.vB[/ATTACH]

 

[GIGFX]

Monday october 24th 2011 GIGFX Technical Analysis Report

EUR/USD

The positive news that came from the European leaders about the solutions of the European dept crisis pushed the European currency against the U.S. dollar to end the trades of the last week bullish, at the beginning of this week trades, the pair is trying to continue its bullish move by breaking the resistance important level 1.3914 during the current trades, breaking this level means more rising till the next resistance level at 1.3984 followed by the level 1.4075 which represents 161.8% of Fibonacci's continuous level for the bearish move (From 1.3914 to 1.3653).

The stability of these expectations requires the stability of the support level 1.3870.


Res: 1.3964 1.4031 1.4161
Pivot: 1.3834
Sup: 1.3767 1.3570

[/url]

[B]GBP/ USD[/B]

The GBP/USD pair broke the resistance level 1.5840 during last week trades end to announce it's getting out from this sideway channel which the pair was confined inside it during last week trades, a further rise is expected specially that the pair is trading inside a bullish channel reaching the resistance level 1.5985; if the pair is able to break this level with having a good close above it so it will try to test the resistance level 1.6080 which coincides with the bullish channel's top border.

This scenario depends on the stability of the support level 1.5840.

Res: 1.6038 1.6114 1.6257
Pivot: 1.5895
Sup: 1.5819 1.5676 1.5600
[IMG][url=http://www.herosh.com][img]http://img102.herosh.com/2011/10/24/119619144.png[/url]


[B]USD/CHF[/B]

The pair is in the forming stage of the harmonic pattern AB=CD as it formed a top at the resistance level 0.9087 which represents the point C, the pair declined from this point to form the bearish rib CD so it is expected that the pair will continue declining during the upcoming trades till the support level 0.8655 which represents the point B.

The stability of these expectations requires the stability of the resistance level 0.8885.


Res: 0.8908 0.9001 0.9052
Pivot: 0.8857
Sup: 0.8764 0.8713 0.8620
[IMG][url=http://www.herosh.com][img]http://img101.herosh.com/2011/10/24/282423498.png[/url]

[B]USD/CAD[/B]

The USD/CAD pair continued its falling reaching 1.0050 level that represents the bottom line for the bearish channel the pair moving inside, this acme after the pair was able to pass 1.0110 level, which may push the pair to rise in order to retest the nearest resistance levels that may lead the pair to 1.0265 that may coincide with the channel top line but the pair must pass 1.0130.

The scenario above requires the stability of the support level 0.9880


Res: 1.0159 1.0233 1.0280
Pivot: 1.0112
Sup: 1.0038 0.9990 0.9920
[IMG][url=http://www.herosh.com][img]http://img104.herosh.com/2011/10/24/448032672.png[/url]

[B]AUD/USD[/B]

The AUD\USD pair succeeded to break the level 1.0350 which represents the top border of the triangle pattern after it failed to break the level 1.0140 which represents the bottom border of the same pattern which led the pair to rise to break the pattern by reaching the level 1.0430 which represents the first target of breaking the pattern, it is expected that the pair will continue rising to the level 1.0575 and it is the second target of breaking the pattern but under the condition of breaking the level 1.0470.

The stability of these expectations requires the stability of the support level 1.0350.


Res: 1.0408 1.0467 1.0569
Pivot: 1.0306
Sup: 1.0247 1.0145 1.0086
[ATTACH]1697.vB[/ATTACH]

 

[GIGFX]

Wednesday November 16th 2011 GIGFX Technical Analysis Report

EUR/USD

As it was expected yesterday, the bearish direction is still dominating the trades of the pair and now the pair is trading below the level 1.3477 which represents 23.6% of fibonacci's correction level for the bearish wave (From 1.4547 to 1.3146), it is expected that, with holding the pair below this level it will target the support level 1.3360 followed by 1.3146 but if the pair held above the level 1.3477 it will target the near resistance level 1.3681 which represents 38.2% of fibonacci's correction level.

Res: 1.3620 1.3703 1.3765
Pivot: 1.3558
Sup: 1.3475 1.3413 1.3330

[/url]


[B]GBP/ USD[/B]

The GBP/USD pair declined yesterday after failing the support level 1.5850 on holding against testing the price for it, a further drop is expected during the intraday trades affected by getting out the price from this bullish channel which was the pair moving inside it during the mid-term targeting the support level 1.5645 with the probability of retesting the resistance level 1.5850 to find a top at it to help in continuing the bearish direction.

This scenario depends on the stability of the resistance level 1.5850.

Res: 1.5902 1.5982 1.6034
Pivot: 1.5850
Sup: 1.5770 1.5718 1.5638
[IMG][url=http://www.herosh.com][img]http://img102.herosh.com/2011/11/16/229466468.png[/url]


[B]USD/CHF[/B]

The pair is still trading inside a bullish channel that has been formed during the last trades for near and mid-term trades and it continued rising breaking the resistance level 0.9249 and if the pair held above this level it will target the resistance level 0.9303 as the second target.

The stability of these expectations requires the stability of the support level 0.9153.

Res: 0.9205 0.9262 0.9326
Pivot: 0.9141
Sup: 0.9084 0.9020 0.8963
[IMG][url=http://www.herosh.com][img]http://img104.herosh.com/2011/11/16/459054072.png[/url]

[B]USD/CAD[/B]

The USD/CAD pair is facing during the current trades the resistance level 1.0272 that represents 50% correction level for the bearish move from 1.0655 to 0.9889, as if this level held it will push the pair to fall searching for the nearest support levels such 1.0182 that represents 38.2% correction level, but breaking up this level will push the pair to continue the previous bullish direction in order to target higher resistance levels such as the resistance area between 1.0340 and 1.0362 levels then 1.0474 level that represents 76.4% correction level.

Res: 1.0261 1.0313 1.0366
Pivot: 1.0208
Sup: 1.0156 1.0103 1.0051
[IMG][url=http://www.herosh.com][img]http://img105.herosh.com/2011/11/16/92688553.png[/url]


[B]AUD/USD[/B]

As it was expected yesterday, the pair dropped to the support level 1.0055 which represents 50.0% of fibonacci's correction level for the last bullish wave (from 0.9380 to 1.0725) after it succeeded to break the support level 1.0125 which led the pair to drop again, it is expected that the pair will continue declining targeting the support level 0.9900 which represents 61.8% of fibonacci's correction level for the last bullish wave (from 0.9380 to 1.0725) but under the condition of breaking the support level 1.0055 with stability below it.

The stability of these expectations requires the stability of the resistance level 1.0215.

Res: 1.0230 1.0283 1.0342
Pivot: 1.0171
Sup: 1.0118 1.0059 1.0006
[ATTACH]1754.vB[/ATTACH]

 

[GIGFX]

Friday November 20th 2011 GIGFX Technical Analysis Report

EUR/USD

Yesterday trades were confusing between rising and declining and it were in a narrow range that reflects the collecting of the needed momentum which will determine the next direction of the pair as it is waited that the pair will break the resistance level 1.3555 which represents the top of the double bottom pattern then it will rise targeting the level 1.3719 which represents the target of the pattern, it is expected that the price will coincide with the top border of the bearish channel in which the pair is still moving at the level 1.3719.

The stability of these expectations requires the stability of the support level 1.3422.

Res: 1.3524 1.3590 1.3641
Pivot: 1.3473
Sup: 1.3407 1.3356 1.3290

[/url]


[B]GBP/ USD[/B]

The support level 1.5720 held against testing the GBP/USD pair for it during yesterday trades as was expected forming the harmonic (Gartley) pattern which is moving now within the last CD wave for this pattern so it's expected during the next intraday trades that the pair will raise till targeting the resistance level 1.5858 which is the CD wave target to continue the negative harmonic pattern reversing down again till the pattern's B point at the level 1.5785.

This scenario depends on the stability of the resistance level 1.5858.

Res: 1.5812 1.5872 1.5933
Pivot: 1.5751
Sup: 1.5691 1.5630 1.5570
[IMG][url=http://www.herosh.com][img]http://img103.herosh.com/2011/11/18/661418194.png[/url]


[B]USD/CHF[/B]

The pair is still moving inside the bearish channel for near and mid-term trades and it is trying to continue gaining targeting to re-test the resistance level 0.9249 and if the pair held above this level it will target the resistance level 0.9351 as the second target.

The stability of these expectations requires the stability of the support level 0.9173.

Res: 0.9253 0.9287 0.9338
Pivot: 0.9202
Sup: 0.9168 0.9117 0.9083
[IMG][url=http://www.herosh.com][img]http://img104.herosh.com/2011/11/18/529870368.png[/url]


[B]USD/CAD[/B]

As observed that, the USD/CAD pair formed bullish wedge which reflects the weakness of this mid-term bullish direction during the previous trades so it's expected during the next intraday trades that the pair will give up on some of its previous gains so it's expected that the pair will decline targeting the support level 1.0286 which coincides with the pair's lower border and breaking this level will enhance the bearish direction targeting the support level 1.0150.

This scenario depends on the stability of the resistance level 1.0303.

Res: 1.0319 1.0350 1.0408
Pivot: 1.0261
Sup: 1.0230 1.0172 1.0141
[ATTACH]1766.vB[/ATTACH]

[B]AUD/USD[/B]

The pair declined to the support level 0.9975 after it succeeded to break the support level 1.0055 which represents 50.0% of fibonacci's correction level for the last bullish wave (from 0.9380 to 1.0725) then the pair rose to re-test the resistance level 1.0055, it is expected that the pair will continue declining targeting the support level 0.9900 which represents 61.8% of fibonacci's correction level for the same bullish wave but under the condition of breaking the support level 0.9975 with stability below it.

The stability of these expectations requires the stability of the resistance level 1.0125.

Res: 1.0086 1.0173 1.0230
Pivot: 1.0029
Sup: 0.9942 0.9885 0.9798
[IMG][url=http://www.herosh.com][img]http://img105.herosh.com/2011/11/18/164949714.png[/url]

 

[GIGFX]

Monday November 21th 2011 GIGFX Technical Analysis Report

EUR/USD

The trades of the end of the last week saw more rising for the European currency against the U.S. dollar whereas the pair continued rising till reached the level 1.3617 which represents 50.0% of fibonacci's correction level for the bearish wave (From 1.3811 to 1.3422) forming a top that pushed the pair downside to the support level 1.3514 at the beginning of this week trades the pair was trading around the support level 1.3514, breaking this level downside means more declining to the next support level at 1.3422 but if the pair held above this level it will rise targeting the resistance level 1.3617 which with its breaking upside means more rising to the level 1.3662 followed by 1.3719.


Res: 1.3606 1.3693 1.3773
Pivot: 1.3526
Sup: 1.3439 1.3359 1.3272

[/url]


[B]GBP/ USD[/B]

The resistance level 1.5885 held against testing the GBP/USD pair for it as was expected through last week report which coincides with 50% for the last short-term bearish wave; expecting that the pair will form the AB=CD harmonic pattern whereas the price is moving inside the pattern's last CD wave which targets the support level 1.5490 but in condition of breaking the support level 1.5690 with having a good close below it; a further drop is expected for the pair targeting the level 1.5490 as a end for this formed harmonic pattern.

This scenario depends on the stability of the resistance level 1.5885.


Res: 1.5878 1.5957 1.6027
Pivot: 1.5808
Sup: 1.5729 1.5659 1.5580
[IMG][url=http://www.herosh.com][img]http://img102.herosh.com/2011/11/21/448830290.png[/url]


[B]USD/CHF[/B]

The pair is trading inside a bullish channel that has been formed for near and mid-term trades whereas the pair is trying to gain more profits targeting to re-test the resistance level 0.9230 and if the pair held above this level it will target the resistance level 0.9407 as the second target.

The stability of these expectations requires the stability of the support level 0.9135.

Res: 0.9230 0.9296 0.9369
Pivot: 0.9157
Sup: 0.9091 0.9018 0.8952
[IMG][url=http://www.herosh.com][img]http://img102.herosh.com/2011/11/21/481483204.png[/url]


[B]USD/CAD[/B]

The USD/CAD pair is moving around 1.0272 resistance level that represents 50% correction level for the bearish move from 1.0655 to 0.9889 forming a bullish wedge that may push the pair to face the resistance area between 1.0340 and 1.0362, leading the expectations for an upcoming bearish move that will be confirmed by breaking the wedge bottom line targeting the support level 1.0182 coinciding with 38.2% correction level then 1.0075 coinciding with 23.6% correction level, which depend on the stability of the resistance area between 1.0340 and 1.0362 levels, as if the pair was able to trade above this area it may rise strongly to target the resistance level 1.0474 the represents 76.4% correction level.

Res: 1.0313 1.0358 1.0416
Pivot: 1.0255
Sup: 1.0210 1.0152 1.0107
[IMG][url=http://www.herosh.com][img]http://img105.herosh.com/2011/11/21/310187036.png[/url]


[B]AUD/USD[/B]

The pair is still moving inside a bearish channel for near and mid-term trades whereas the pair is trying to break downside the support level 0.9940 which coincides with the bottom border of the channel and in this case it will form a bearish wave targeting the support level 0.9875 followed by 0.9820. If the pair failed to break the coinciding area it will rise targeting to test the resistance level 1.0115.


Res: 1.0084 1.0166 1.0227
Pivot: 1.0023
Sup: 0.9941 0.9880 0.9798
[ATTACH]1774.vB[/ATTACH]

 

[GIGFX]

Tuesday November 22nd 2011 GIGFX Technical Analysis Report

EUR/USD

As it was expected yesterday, the pair succeeded to break the support level 1.3514 and continued declining till reached the support level 1.3422 to form a new bottom at this area that the pair will use it to rise again, during the last intraday trades the pair was trying to break the level 1.3514 upside, this level became a resistance level and if the pair succeeded to break this level it will continue rising targeting the level 1.3617 again.

The stability of these expectations requires the stability of the support level 1.3422.

Res: 1.3542 1.3596 1.3652
Pivot: 1.3486
Sup: 1.3432 1.3376 1.3322

[/url]


[B]GBP/ USD[/B]

The GBP/USD pair declined yesterday targeting the support level 1.5690 which represents the AB=CD harmonic pattern B point during the near-term trades which targets the support level 1.5490 as an end for the CD wave and also for the pattern; so it's expected during the intraday trades that the pair will continue declining till targeting this level.

This scenario depends on the stability of the resistance level 1.5690.

Res: 1.5756 1.5872 1.5945
Pivot: 1.5683
Sup: 1.5567 1.5494 1.5378
[IMG][url=http://www.herosh.com][img]http://img102.herosh.com/2011/11/22/806968623.png[/url]


[B]USD/CHF[/B]

The pair failed to hold above the support level 0.9171 during the Asian session trades, this support level coincides with the bottom border of the bullish channel and if the pair broke out this channel with stability below, it will target the support level 0.9081 which represents 23.6% of fibonacci's correction level for the last bullish wave (From 0.8567 to 0.9236) and if the pair held below this level it will target the support level 0.8983 which represents 38.2% of the same levels.

The stability of these expectations requires the stability of the pair below the support level 0.9171.

Res: 0.9207 0.9242 0.9276
Pivot: 0.9173
Sup: 0.9138 0.9104 0.9069
[IMG][url=http://www.herosh.com][img]http://img105.herosh.com/2011/11/22/560125850.png[/url]


[B]USD/CAD[/B]

The USD/CAD pair rose previously to trade above 1.0362 level forming the shape of a bullish channel , where it was able to form its top line during the previous trades, it is expected after this rising that the pair will fall in order to search for a good support level to continue the current rising, which may lead the pair to retest the support level 1.0300 then 1.0272 represented by 50% correction level for the bearish move from 1.0655 to 0.9889 and may coincide with the channel bottom line, generally the upcoming rising targets the resistance level 1.0474 that represents 76.4% correction level.

Res: 1.0453 1.0509 1.0602
Pivot: 1.0360
Sup: 1.0304 1.0211 1.0155
[IMG][url=http://www.herosh.com][img]http://img103.herosh.com/2011/11/22/108828279.png[/url]


[B]AUD/USD[/B]

The pair continued declining reaching the support level 0.9805 after it succeeded to break the support level 0.9900 which represents 61.8% of fibonacci's correction level for the last bullish wave (From 0.9380 to 1.0725) and it failed to break the support level 0.9805 which led the pair to rise again in order to re-test the resistance level 0.9900, it is expected that the pair will continue declining targeting the support level 0.9700 which represents 76.4% of the same fibonacci's correction levels but under the condition of breaking the support level 0.9805.

The stability of these expectations requires the stability of the resistance level 0.9975.


Res: 0.9966 1.0092 1.0171
Pivot: 0.9887
Sup: 0.9761 0.9682 0.9556
[ATTACH]1779.vB[/ATTACH]

 

[GIGFX]

Thursday November 23rd 2011 GIGFX Technical Analysis Report

EUR/USD

Breaking the bottom border of the symmetric triangle pattern was the reason behind exiting the pair from the confusion area to continue declining inside the bearish channel, the pair succeeded to break the support level 1.3422 downwards till reached the level 1.3320 which coincides with the bottom border of the channel and also represents 161.8% of fibonacci's continues level for the bullish wave (from 1.3422 to 1.3617), after rising the pair from the formed bottom at the level 1.3320 during the last trades it is expected that the pair will re-test the level 1.3422 which became a resistance level, breaking the level 1.3422 upwards means more rising targeting the next resistance level at 1.3320.

The stability of these expectations requires the stability of the support level 1.3320.

Res: 1.3397 1.3608 1.3686
Pivot: 1.3397
Sup: 1.3264 1.3186 1.3053

[/url]

[B]GBP/ USD[/B]

The GBP/USD pair continued declining till reaching support level 1.5490, AB=CD which was mentioned inside the bearish channel coinciding with the channel's lower border expecting for it to continue holding; and also to support the pair on it's correction near0term trades searching for a new top for this bearish direction which is expected to be near the resistance level 1.5685 coinciding with the channel's top border; confirmation for this scenario; a positive divergence must be appeared with the stochastic index as noticed in the chart.

This scenario depends on the stability of the support level 1.5490.

Res: 1.5620 1.5717 1.5780
Pivot: 1.5557
Sup: 1.5460 1.5397 1.5300
[IMG][url=http://www.herosh.com][img]http://img105.herosh.com/2011/11/24/242778462.png[/url]

[B]USD/CHF[/B]

During the last trades, the pair confused inside the sideway channel between the resistance level 0.9219 which coincides with the top border of the channel and the support level 0.9104 which coincides with the bottom border of the channel so it is expected that the pair will target the support level 0.9104 and if the pair broke this level with stability below, it will target the support level 0.9039 followed by the level 0.8977.
But if the pair closed above the resistance level 0.9219 with stability above, it will target the resistance level 0.9280 followed by the resistance level 0.9337.

Res: 0.9233 0.9266 0.9319
Pivot: 0.9180
Sup: 0.9147 0.9094 0.9061
[IMG][url=http://www.herosh.com][img]http://img104.herosh.com/2011/11/24/256494679.png[/url]

[B]USD/CAD[/B]

The USD/CAD rose previously to reach 1.0474 level that represents 76.4% correction level for the bearish move from 1.0655 to 0.9889 which was expected previously, the pair was able to form a head and shoulders pattern during the previous long periods which expected to push the pair above 1.0474 level to target then 1.0655 level that represents the previous top, but if the pair traded below this level will push the pair to fall targeting the nearest support levels such 1.0362 represented by 61.8% correction level.

Res: 1.0528 1.0573 1.0651
Pivot: 1.0450
Sup: 1.0405 1.0327 1.0282
[IMG][url=http://www.herosh.com][img]http://img105.herosh.com/2011/11/24/650694544.png[/url]

[B]AUD/USD[/B]

As it was expected yesterday, the pair succeeded to continue declining reaching the support level 0.9700 which represents 76.4% of fibonacci's correction level for the last bullish wave (From 0.9380 to 1.0725) which coincides also with the bottom border of the bearish channel in which the pair is moving which has been formed for the near-term and intraday levels, it is expected that the pair will rise correctly standing on the support level 0.9700 in order to re-test the resistance level 0.9805 but under the condition of holding the pair above the support level 0.9700.

The stability of these expectations requires the stability of the support level 0.9605.

Res: 0.9807 0.9928 1.0000
Pivot: 0.9735
Sup: 0.9614 0.9542 0.9421
[ATTACH]1792.vB[/ATTACH]

 

[GIGFX]

Friday November 25th 2011 GIGFX Technical Analysis Report

EUR/USD

The pair is still forming a bearish direction for near and mid-term trades through moving inside a bearish channel, the pair continued declining reaching the level 1.3303 which represents 161.8% of fibonacci's continuous level for the bullish wave (From 1.3422 to 1.3617), existing the reversal positive divergence appeared from the stochastic index is noticed and this is a strong sign of the probability of forming a corrective bullish direction that will be confirmed with holding the level 1.3303 and if the pair broke the resistance level 1.3350, this scenario requires the stability of the level 1.3303, breaking this level means more declining targeting the next support level 1.3230.


Res: 1.3399 1.3451 1.3493
Pivot: 1.3357
Sup: 1.3305 1.3263 1.3211

[/url]

[B]GBP/ USD[/B]

The bearish scenario is still dominating the GBP/USD pair till now, the pair broke the support level 1.5490 which is still trading below this level whereas the price is in process of forming a reversal bearish wedge pattern for this bearish direction but confirming this pattern depends on getting out the price from this pattern with breaking the pattern's top border, it's expected that the pair will target the resistance level 1.5565 as it's first target then the resistance level 1.5660.

This scenario depends on the stability of the support level 1.5430.
Res: 1.5545 1.5595 1.5626
Pivot: 1.5514
Sup: 1.5464 1.5433 1.5383
[IMG][url=http://www.herosh.com][img]http://img104.herosh.com/2011/11/25/188202678.png[/url]

[B]USD/CHF[/B]

The pair failed to hold below the resistance level 0.9220 which coincides with the top border of the sideway channel and then the pair rose breaking this level so it is expected that the pair will continue rising targeting the resistance level 0.9280 as the first target and if the pair held above this level it will target the level 0.9337 as the second target.

The stability of these expectations requires the stability of the support level 0.9220.

Res: 0.9222 0.9250 0.9285
Pivot: 0.9187
Sup: 0.9159 0.9124 0.9096
[IMG][url=http://www.herosh.com][img]http://img105.herosh.com/2011/11/25/785029542.png[/url]

[B]USD/CAD[/B]

The USD/CAD pair declined to retest the support level 1.0435 and it was unable to break this level which pushed it up again reaching the resistance level 1.0490 which represents 76.4%Fibonacci retracement correction level for the last bearish wave extending (from 1.0655 to 0.9895), it's expected that the pair will rise to retest the resistance level 1.0540 coinciding with the bullish channel's top border which was formed for the intraday levels and also the pair is moving inside it, then declining again in condition the resistance level 1.0490 must be broken.

This scenario depends on the stability of the support level 0.9605.

Res: 1.0491 1.0518 1.0545
Pivot: 1.0464
Sup: 1.0437 1.0410 1.0383
[IMG][url=http://www.herosh.com][img]http://img105.herosh.com/2011/11/25/656259027.png[/url]

[B]AUD/USD[/B]

The pair rose to test the resistance level 0.9805 and failed to break this level which led the pair to decline again reaching the support level 0.9700 which represents 76.4% of fibonacci's correction level for the last bullish wave (From 0.9380 to 1.0725), it is expected that the pair will rise again trying to break the resistance level 0.9805 reaching the resistance level 0.9900 which represents 61.8% of the same fibonacci's correction level which coincides with the top border of the bearish channel but under the condition of holding the support level 0.9700.

The stability of these expectations requires the stability of the support level 0.9605.

Res: 0.9783 0.9835 0.9885
Pivot: 0.9733
Sup: 0.9681 0.9631 0.9579
[ATTACH]1794.vB[/ATTACH]

 

[GIGFX]

Friday January 13th 2012 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair rose through yesterday trades; after testing the support level 1.2669 to currently trade above the level 1.2815 which consistently predicts the near-term bullish move moreover it may push the pair initially till the resistance level 1.2915, but trading the pair below the level 1.2815 will push it down again in order to retest the support level 1.2669, Generally the pair movement will be bearish for the long and mid-terms, Unless the sovereign debt crisis in the euro zone is solved with a radical solution, whereas it’s Considered that the near-term bullish moves is a correction moves partly as a result of investors optimism.

R3 R2 R1 P S1 S2 S3
1.3016 1.2930 1.2873 1.2787 1.2730 1.2644 1.2587

[/url]


[B]GBP/ USD[/B]

The GBP/USD pair failed to break down the support level 1.5309 through yesterday trades in order to form a bottom pushed it up again to retest the nearest resistance levels, whereas through the last intraday trades it tested the resistance level 1.5375 which represents the B point for the AB=CD harmonic pattern, breaking this level with breaking up the bearish trendline which matches between the A and C points means continuing the bullish move till the resistance level 1.5500, forming a bearish top at the resistance level 1.5375 coinciding area with the bearish trendline means a further drop in order to break down the level 1.5309 then reaching the confined area between the support levels 1.5205 and 1.5175 which represents the harmonic pattern’s complement D point.

R3 R2 R1 P S1 S2 S3
1.5460 1.5413 1.5372 1.5325 1.5284 1.5237 1.5196
[IMG][url=http://www.herosh.com][img]http://img102.herosh.com/2012/01/13/723203233.png[/url]

[B]USD/CHF[/B]

The pair declined strongly during yesterday trades to break the support level 0.9485 which represents 38.2% of fibonacci's correction level for the last bullish wave (From 0.9305 to 0.9595) and reached the support level 0.9415 which represents 61.8% of the same correction level, and with holding this level, the pair will form a bottom coincides with the bottom border of an expected bullish channel for near and mid-term trades, the pair failed to break this level which led it to rise again targeting to re-test the near resistance level, it is expected that the pair will continue rising targeting the resistance level 0.9525 which represents 23.6% of fibonacci's correction level but under the condition of breaking the resistance level 0.9485.
The stability of these expectations requires holding the support level 0.9415.

R3 R2 R1 P S1 S2 S3
0.9657 0.9601 0.9523 0.9467 0.9389 0.9333 0.9255
[IMG][url=http://www.herosh.com][img]http://img103.herosh.com/2012/01/13/673580729.png[/url]


[B]USD/JPY[/B]

The trades are still below the bearish trendline for long and mid-term trades declairing the difficulty of breaking this trendline upwards, the pair continued declining breaking the support level 76.76 downside so it is expected that the pair will decline targeting the support level 76.59, breaking this trendline upwards with breaking the resistance level 76.96 upwards means more rising targeting the level 77.32 as an initial target for this near and mid-term rising move.

R3 R2 R1 P S1 S2 S3
77.24 77.11 76.92 76.79 76.60 76.47 76.28
[IMG][url=http://www.herosh.com][img]http://img102.herosh.com/2012/01/13/250979436.png[/url]


[B]AUD/USD[/B]

The AUD/USD pair faced the resistance level 1.0335 which represents 61.8% of fibonacci's correction level for the bearish move (From 1.0751 to 0.9662), the pair declined from this level without breaking it and this may lead the pair to target the support level 1.0206 again, generally, this mentioned wave may be weaken by breaking the level 1.0140 which represents the point C and this may lead the pair to decline and to trades below the level 1.0078 which represents 38.2% of the same correction levels, while holding the level 1.0140 may lead the pair to target the resistance level 1.0494.
Yesterday analysis is still remaining with holding the level 1.0140.
Yesterday analysis is still remaining till now

R3 R2 R1 P S1 S2 S3
1.0468 1.0422 1.0377 1.0331 1.0286 1.0240 1.0195
[ATTACH]1992.vB[/ATTACH]

 

[GIGFX]

Monday January 16th2012 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair failed to break the resistance level 1.2850 which coincides with the mid and near-terms formed bearish channel’s top border, pushed the pair down breaking the support level 1.2740 and reaching the level 1.2670 as the pair opened its trades with a bearish gap targeted the support level 1.2620 so it’s expected that the pair will continue retreating till the support level 1.2520 in condition the pair must break the support level 1.2620 with the probability of raising the pair a correction rise in order to cover the bearish gap.
This bearish scenario depends on the stability of the resistance level 1.2740.

R3 R2 R1 P S1 S2 S3
1.3081 1.2979 1.2828 1.2726 1.2575 1.2473 1.2322

[/url]

[B]GBP/ USD[/B]

The GBP/USD pair formed a bearish top at the resistance level 1.5375 coinciding area with the bearish trendline which matches between the A and C points for the AB=CD harmonic pattern, the pair retreated again below the support level 1.5309 with a strong sign on continuing the bearish move; it’s expected that the pair will extend till the confined support level area between the support levels 1.5205 and 1.5175 representing the harmonic pattern’s complement D point, reaching this area; the support level 1.5275 must be broken.

This scenario depends on the stability of the resistance level 1.5375.

R3 R2 R1 P S1 S2 S3
1.5588 1.5498 1.5413 1.5323 1.5238 1.5148 1.5063
[IMG][url=http://www.herosh.com][img]http://img105.herosh.com/2012/01/16/700404968.png[/url]

[B]USD/CHF[/B]

As it was expected, the USD/CHF rose and formed a bottom at the support level 0.9425 to form a bullish channel for intraday and near-term trades then it rose breaking the resistance level 0.9505 and reached the resistance level 0.9565. the pair started this week's trades with a bullish gap so it is expected that the pair will continue rising targeting the resistance level 0.9610 but under the condition of breaking the resistance level 0.9565, the pair may decline correctly to re-test the near support levels.
The stability of these expectations requires holding the support level 0.9505.

R3 R2 R1 P S1 S2 S3
0.9766 0.9670 0.9597 0.9501 0.9428 0.9332 0.9259
[IMG][url=http://www.herosh.com][img]http://img101.herosh.com/2012/01/16/991797134.png[/url]

[B]USD/JPY[/B]

The pair succeeded to break the bearish trendline for long-term trades in a strong sign that it will continue its correction bullish direction, the pair continued rising at the beginning of this week's trades till reached the level 77.07 which represents 61.8% of fibonacci's correction level for the bearish wave (From 77.32 to 76.65) and formed a top at this level which pushed it to re-test the support level 76.81 which coincides with re-testing the broken trendline, it is expected that the pair will form a bottom at this level which may push the pair to rise again targeting to break the level 77.07 then it will continue rising targeting the next resistance level at 77.32.

R3 R2 R1 P S1 S2 S3
77.38 77.19 77.03 76.84 76.68 76.49 76.33
[IMG][url=http://www.herosh.com][img]http://img103.herosh.com/2012/01/16/555201244.png[/url]

[B]AUD/USD[/B]

The pair continued its correction bearish direction during the end of the trades of the last week till reached the support level 1.0233 which represents 61.8% of fibonacci's correction level for the bullish move (From 1.0144 to 1.0376), the pair formed a bottom at this level and it will push the pair to rise to re-test the near resistance levels, it is speculated that the pair will move bearishly to form a bearish channel so if the trades of the pair held below the top border of the expected channel, it will decline again to re-test the support level 1.0233 which with its breaking downwards the pair will decline again targeting the support level 1.0144, breaking the top border of the expected channel with breaking the resistance level 1.0321 means more rising for the pair targeting the resistance level 1.0376.

R3 R2 R1 P S1 S2 S3
1.0515 1.0440 1.0380 1.0305 1.0245 1.0170 1.0110
[ATTACH]1997.vB[/ATTACH]

 

[GIGFX]

Tuesday January 17th 2012 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair formed a bullish bottom at through the previous trades around 1.2627 which coincides with the mid and near-terms formed bearish channel’s lower border and this led the pair up to the resistance level 1.2815, generally the pair’s mid and long-terms direction will be bearish by the stability of the resistance level 1.2915 which the pair may retest it in order to target the level 1.2627 to retest it then the support level 1.2530, but rising the pair above the level 1.2915 may support the pair to continue rising in future.

R3 R2 R1 P S1 S2 S3
1.2754 1.2721 1.2694 1.2661 1.2634 1.2601 1.2574

[/url]


[B]GBP/ USD[/B]

The GBP/USD pair is trading above the intraday level bearish trendline which matches between the A and C points for the AB=CD harmonic pattern to complete the bearish CD rib at the formed bottom above the level 1.5234, it’s noticed that the near-term bearish move is embodied through the bearish wedge’s reversal pattern so it represents the trading above the trendline, breaking the pattern’s top border with a strong sign on forming the bullish corrective direction extending till the level 1.5566 which represents the pattern moreover it’s representing 76.4% Fibonacci retracement correction level for the bearish direction (from 1.5668 to 1.5234) reaching this level; the confined resistance area between the levels 1.5375 and 1.5400 must be broken, this scenario depends on the stability of the support level 1.5330, breaking down this level means retreating again till the support level 1.5234.

R3 R2 R1 P S1 S2 S3
1.5430 1.5390 1.5357 1.5317 1.5284 1.5244 1.5211
[IMG][url=http://www.herosh.com][img]http://img105.herosh.com/2012/01/17/33568106.png[/url]


[B]USD/CHF[/B]

The USD/CHF failed to break the resistance level 0.9565 which led the pair to decline again to re-test the near support level reaching the support level 0.9510 and the pair is still moving inside the intraday and near-term bullish channel so it is expected that, the pair will continue rising targeting the resistance level 0.9625 but under the condition of breaking the resistance level 0.9565 with the probability of declining the pair targeting to re-test the resistance level 0.9465 which coincides with the bottom border of the bullish channel.
The stability of these expectations requires holding the support level 0.9465.

R3 R2 R1 P S1 S2 S3
0.9604 0.9585 0.9563 0.9544 0.9522 0.9503 0.9481
[IMG][url=http://www.herosh.com][img]http://img103.herosh.com/2012/01/17/917378776.png[/url]


[B]USD/JPY[/B]

The trades of the pair are confused inside a narrow range which means that the pair is collecting the needed momentum to form its upcoming move, during the last trades it is noticed that the pair tried to re-test the support level 76.59, in the case that the pair broke the resistance level 76.81 upwards it will rise targeting the resistance level 77.07 but breaking the level 76.59 means that the pair will begin to form a new bearish move during the upcoming trades.

R3 R2 R1 P S1 S2 S3
77.39 77.22 77.00 76.83 76.61 76.44 76.22
[IMG][url=http://www.herosh.com][img]http://img102.herosh.com/2012/01/17/218568810.png[/url]


[B]AUD/USD[/B]

After the pair confused during the previous trades it reached the level 1.0206 which represents 50.0% of fibonacci's correction level for the bearish move (from 1.0751 to 0.9919), the pair rose from this level to reach the level 1.0335 which represents 61.8% of the same fibonaci's correction level, it is expected that the pair will continue rising targeting the level 1.0494 which represents 76.4% of the same correction levels, this level coincides with the point D of the harmonic pattern AB=CD, the pair should break the point B around the level 1.0385 and it is what the pair trying to do now.
The stability of these expectations requires holding the point C around the level 1.0144.

R3 R2 R1 P S1 S2 S3
1.0430 1.0383 1.0347 1.0300 1.0264 1.0217 1.0181
[ATTACH]1999.vB[/ATTACH]

 

[GIGFX]

Thursday January 19th 2012 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair’s movement is still bullish through the previous trades, it broke the level 1.2815 during the current trades near the mid and long-terms bearish channel’s top border, moreover nearing the pair to the resistance level 1.2915, this requires retreating the pair again for the long-term breaking the level 1.2815 in order to reach the level 1.2627, but the level’s 1.2815 stability supports the bullish move which may led the pair to break the mentioned channel, also which may push the pair up to break the level 1.2915 targeting the resistance levels up.

R3 R2 R1 P S1 S2 S3
1.3044 1.2957 1.2911 1.2824 1.2778 1.2691 1.2645

[/url]


[B]GBP/ USD[/B]

The GBP/USD pair broke up the confined resistance area between the resistance level 1.5375 and 1.5400 with a strong sign of achieving the pair the bearish wedge’s pattern target as was mentioned before, it’s expected with breaking the level 1.5442 which represents the highest price for yesterday trades that the pair will continue rising till the level 1.5566 which represents the pattern’s target, also at the same time it represents 76.4% Fibonacci retracement correction level for the bearish direction (from 1.5668 to 1.5234).

This scenario depends on the stability of the support level 1.5375.

R3 R2 R1 P S1 S2 S3
1.5591 1.5516 1.5477 1.5402 1.5363 1.5288 1.5249
[IMG][url=http://www.herosh.com][img]http://img102.herosh.com/2012/01/19/974737389.png[/url]


[B]USD/CHF[/B]

The pair succeeded to break the support level 0.9460 which represents 38.2% of fibonacci's correction level for the last bullish wave (From 0.9240 to 0.9595) and it also coincides with the bottom border of the bullish channel, the pair declined breaking the support level 0.9420 and reached the support level 0.9375 which represents 61.8% of the same fibonacci's correction level and at the same time it represents the target of breaking the bottom border of the bullish channel, it is expected that the pair will rise again to re-test the near resistance levels then it will decline again targeting the support level 0.9325 which represents 76.4% of the same fibonacci's correction level, but under the condition of breaking the support level 0.9375.
The stability of these expectations requires holding the resistance level 0.9420.

R3 R2 R1 P S1 S2 S3
0.9579 0.9537 0.9466 0.9424 0.9353 0.9311 0.9240
[IMG][url=http://www.herosh.com][img]http://img105.herosh.com/2012/01/19/457010619.png[/url]



[B]USD/JPY[/B]

The pair is still confusing inside a narrow range trades to collect the needed momentum that the pair will use it to determine its next move, during the last trades, it is noticed that there is a difference between the price action of the pair and the move of the stochastic index which means that there is a positive divergence which continues the direction, so, it is expected that, if the pair broke the resistance level 76.85 it will continue rising targeting the resistance level 77.07 followed by the resistance level 77.32.
The stability of these expectations requires the stability of the support level 76.59.

R3 R2 R1 P S1 S2 S3
77.15 77.01 76.91 76.77 76.67 76.53 76.43
[IMG][url=http://www.herosh.com][img]http://img103.herosh.com/2012/01/19/960587703.png[/url]


[B]AUD/USD[/B]

The pair continued confusing till formed a symmetric triangle pattern around the level 1.0206 which represents 50.0% of fibonacci's correction level for the bearish wave (From 1.0751 to 0.9919), this confusion leads to end the last bullish direction which was expected to target the level 1.0494 as a end of the wave AB=CD that has been mentioned through the last analysis, the pair traded between this level and the support level 1.0335 which represents 61.8% of the same correction levels, forming this symmetric triangle pattern leads the expectation to declining or rising the pair whereas, if the pair broke the bottom border of the triangle it will decline targeting the level 1.0335 and it may continue declining to the level 1.0206 which represents 50.0% of the same correction levels, but if the pair broke the top border of the triangle it will continue rising targeting the level 1.0494 and it may trade above it.

R3 R2 R1 P S1 S2 S3
1.0540 1.0488 1.0461 1.0409 1.0382 1.0330 1.0303
[ATTACH]2004.vB[/ATTACH]

 

[GIGFX]

Friday January 20th 2012 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair’s movement is still bullish during the previous trades, it broke the level 1.2915 during the current trades with breaking the bearish channel’s top border which is formed for the long and near-terms, this may lead the pair to continue the bullish move in order to target the resistance level 1.3080, which in case of breaking it the pair will target the resistance level 1.3245 as a target of breaking the bearish channel, this depends on the pair’s stability above the level 1.2915, but in case of re-trading the pair below it and below the channel’s lower border; so it will retreat again till the level 1.2815 as an initially target.

R3 R2 R1 P S1 S2 S3
1.3144 1.3058 1.3014 1.2928 1.2884 1.2798 1.2754

[/url]


[B]GBP/ USD[/B]

The GBP/USD pair broke up the confined resistance area between the resistance level 1.5375 and 1.5400 with a strong sign of achieving the pair the bearish wedge’s pattern target as was mentioned before, it’s expected with breaking the level 1.5442 which represents the highest price for yesterday trades that the pair will continue rising till the level 1.5492 which represents the pattern’s target, also at the same time it represents 76.4% Fibonacci retracement correction level for the bearish direction (from 1.5668 to 1.5234).

This scenario depends on the stability of the support level 1.5440.

Yesterday Analysis is still remaining till now

R3 R2 R1 P S1 S2 S3
1.5591 1.5541 1.5514 1.5464 1.5437 1.5387 1.5360
[IMG][url=http://www.herosh.com][img]http://img105.herosh.com/2012/01/20/82091632.png[/url]


[B]USD/CHF[/B]

The pair declined breaking the support level 0.9380 which represents 38.2% of fibonacci's correction level for the last bullish wave (From 0.9065 to 0.9595) and reached the support level 0.9325 which represents 50.0% of the same fibonacci's correction level, it is expected that the pair will rise correctly to re-test the resistance level 0.9380 then it will decline again targeting the support level 0.9260 which represents 61.8% of the same fibonacci's correction level but under the condition of breaking the support level 0.9325.
The stability of these expectations requires holding the resistance level 0.9380.

R3 R2 R1 P S1 S2 S3
0.9477 0.9444 0.9382 0.9349 0.9287 0.9254 0.9192
[IMG][url=http://www.herosh.com][img]http://img102.herosh.com/2012/01/20/592776138.png[/url]


[B]USD/JPY[/B]

As it was expected, the pair rose to the resistance level 77.32 after breaking the resistance levels 76.85 and 77.07 upside, this rise was the beginning of forming a corrective bullish direction for near-term trades, it is expected that the pair will continue rising targeting the resistance level 77.54 if it succeeded to break the resistance level 77.32 upwards.

The stability of these expectations requires holding the support level 76.85.

R3 R2 R1 P S1 S2 S3
77.98 77.64 77.36 77.02 76.74 76.40 76.12
[IMG][url=http://www.herosh.com][img]http://img105.herosh.com/2012/01/20/63561494.png[/url]


[B]AUD/USD[/B]

The confusion move is still Accompanying the trades of the pair between the borders of the formed pattern above the level 1.0335 which represents 61.8% of fibonacci's correction level for the bearish move (From 1.0751 to 0.9919), this means that, the bullish move is ended which was expected to target the level 1.0494 as the end of the harmonic pattern AB=CD, supported by forming a mid-term bullish channel, the pair moved between this level and the support level 1.0335 which represents 61.8%, the appearance of the triangle pattern will lead the pair to decline or to rise whereas, if the pair broke the bottom border of the triangle, it will decline targeting the level 1.0335 and it may trade below the level 1.0206 which represents 50.0% of the same correction levels, but breaking the top border of the triangle pattern will lead the pair to rise targeting to reach above the level 1.0494.

R3 R2 R1 P S1 S2 S3
1.0507 1.0470 1.0444 1.0407 1.0381 1.0344 1.0318
[ATTACH]2005.vB[/ATTACH]

 

[GIGFX]

Tuesday January 24th 2012 GIGFX Technical Analysis Report

EUR/USD

As it was expected, the pair rose after testing the top border of the bearish channel that has been broken previously the pair reached around the resistance level 1.3080 and registered the highest price for previous trades at the level 1.3052,the mentioned resistance level coincides with fibonacci's correction level 76.4% for the bearish wave (From 1.3197 to 1.2627), this may cause a resistance that may prevent the pair to continue rising and then it may push the pair to test the near support levels such as the level 1.2979 which represents 61.8% of the same fibonacci's correction levels followed by the level 1.2912 which represents 50.0% of the same mentioned correction levels, this requires holding the level 1.3080 which with its holding, the main direction will be bearish during the upcoming long and mid-term trades whereas, if the pair continued trading above the level 1.3080 it will rise targeting the resistance level 1.3245 as the target of breaking out the bearish channel.

R3 R2 R1 P S1 S2 S3
1.3258 1.3155 1.3085 1.2982 1.2912 1.2809 1.2739

[/url]


[B]GBP/ USD[/B]

Despite of achieving the sterling pair the highest price during yesterday trades at the level 1.5602 but it failed to have a good close above the resistance level 1.5566 with a strong difficult signal to break up this level then retreating again in order to form a bearish correction wave will be confirmed with breaking below the coinciding support level 1.5515 with the bullish channel’s lower border which embodied the last bullish direction, in this case the pair will initially reach the next support level at 1.5445 in order to correct, this scenario depends on the stability of the resistance level 1.5566 which with breaking it up; the pair will continue rising in order to reach the resistance level 1.5667.

R3 R2 R1 P S1 S2 S3
1.5692 1.5647 1.5606 1.5561 1.5520 1.5475 1.5434
[IMG][url=http://www.herosh.com][img]http://img105.herosh.com/2012/01/24/819044365.png[/url]


[B]USD/CHF[/B]

As it was expected, the pair declined to the support level 0.9260 which represents 61.8% of fibonacci's correction level for the last bullish wave (from 0.9065 to 0.9595) after it broke the support level 0.9320 which represents 50.0% of the same fibonacci's correction levels, it is expected that the pair will rise correctly to re-test the resistance level 0.9320 then it will decline again targeting the support level 0.9185 which represents 76.4% of the same fibonacci's correction levels but under the condition of breaking the support level 0.9260.
The stability of these expectations requires holding the resistance level 0.9320.

R3 R2 R1 P S1 S2 S3
0.9476 0.9427 0.9350 0.9301 0.9224 0.9175 0.9098
[IMG][url=http://www.herosh.com][img]http://img102.herosh.com/2012/01/24/283334053.png[/url]


[B]USD/JPY[/B]

The USD/JPY pair is still trading inside a sideway channel between the resistance level 77.25 and the support level 76.63, despite achieving the pair it’s 1st mentioned target so it’s still expected that the pair will retreat during the next intraday trades targeting the support level 76.96 and the stability below this level will give it the chance to target the support level 76.84 as the 2nd target and the stability below it will also give the pair the chance to retest the level 76.63 again.
This scenario depends on the stability of the resistance level 77.25.

R3 R2 R1 P S1 S2 S3
77.33 77.20 77.11 76.98 76.89 76.76 76.67
[IMG][url=http://www.herosh.com][img]http://img105.herosh.com/2012/01/24/957367919.png[/url]


[B]AUD/USD[/B]

The AUD/USD pair rose during the previous trades, it broke the level 1.0494 to trade around the resistance level 1.0580 coincided with the previous mentioned mid-term bullish channel’s top border, which led the pair to decline to retest the level 1.0494 which represents the pushed AB=CD wave, it’s expected that the near-term bearish move will be continued in order to test the nearest support levels such as the sub-level 1.0395 which may coincide with testing the bullish channel’s lower border, the bullish direction will be a main direction for the mid and near-terms, moreover it may push the pair to break the resistance level 1.0580 during the next trades, but breaking the channel’s lower border will push the pair down in order to trade below the level 1.0335 which represents 61.8% Fibonacci retracement correction level for the bearish direction (from 1.0751 to 0.9919), which will offer more than one scenario if it happened.

R3 R2 R1 P S1 S2 S3
1.0692 1.0632 1.0578 1.0518 1.0464 1.0404 1.0350
[ATTACH]2010.vB[/ATTACH]

 

[GIGFX]

Monday January 30th 2012 GIGFX Technical Analysis Report

EUR/USD

The common currency succeeded to continue rising against the U.S. dollar during the last near-term trades facing the top border of the bullish channel and reached the level 1.3245, breaking the last formed top which has been formed on the last December around the level 1.3197 but it failed to hold above this level and it declined correctly forming a near and mid-term bullish wedge, it is expected that, the pair will decline by breaking the bottom border of the bullish wedge pattern testing the near support levels such as the level 1.3080 which may coincide with testing the bottom border of the bullish channel, the pair will continue rising if the support level held, whereas if the pair declined breaking the level 1.3080 it will break the bottom border of the bullish channel which may accompanied with declining the pair targeting the support levels 1.2980 and 1.2912, but holding the bottom border of the channel supports the bullish direction of the pair to targeting to test the level 1.3245 and it may break it to target the level 1.3350.

R3 R2 R1 P S1 S2 S3
1.3435 1.3334 1.3281 1.3180 1.3127 1.3026 1.2973

[/url]


[B]GBP/ USD[/B]

As observed that, the sterling is still moving inside the bullish channel for the mid and near-terms, during the last intraday trades it formed a new top at the resistance level 1.5735 which is the 2nd consecutive top at the same level; there’s a probability of a bullish reversal (double consecutive tops) pattern appearance; the most important condition for this pattern is breaking down the pattern’s base at the support level 1.5665 thus the pair will continue declining to target the support level 1.5630 initially then the support level 1.5595 as a final target.

This scenario depends on the stability of the resistance level 1.5735.

R3 R2 R1 P S1 S2 S3
1.5868 1.5804 1.5769 1.5705 1.56700 1.5606 1.5571
[IMG][url=http://www.herosh.com][img]http://img101.herosh.com/2012/01/30/991251324.png[/url]


[B]USD/CHF[/B]

The pair continued declining to reach the support level 0.9110 which represents the bottom border of the bearish channel in which the pair is moving as it broke the support level 0.9155 so it is expected that the pair will rise again to re-test the near resistance level reaching the support level 0.9190 which represents the top border of the bearish channel then it will continue declining again but under the condition of breaking the resistance level 0.9155.

The stability of these expectations requires holding the support level 0.9110.

R3 R2 R1 P S1 S2 S3
0.9304 0.9266 0.9190 0.9152 0.9076 0.9038 0.8962
[IMG][url=http://www.herosh.com][img]http://img104.herosh.com/2012/01/30/311119256.png[/url]


[B]USD/JPY[/B]

The USD/JPY pair broke the support level 76.95 which represents 76.4% Fibonacci retracement continuous level for the last bullish wave (from 76.54 to 78.28) during last week trades end, thus it’s expected during the next intraday trades that the pair will continue declining with targeting the support level 75.46 which represents 161.8% from the same previous mentioned Fibonacci levels in condition of breaking the support levels 76.53, 76.07, but in case of breaking the pair the resistance level 76.95 thus it will target the resistance level 77.61 which represents 38.2% Fibonacci retracement correction level for the bullish direction, in condition of breaking the resistance levels 77.20 and 77.40.

R3 R2 R1 P S1 S2 S3
78.05 77.76 77.20 76.91 76.35 76.06 75.50
[IMG][url=http://www.herosh.com][img]http://img104.herosh.com/2012/01/30/759604538.png[/url]


[B]AUD/USD[/B]

The AUD/USD pair rose during the previous trades, it faced the bullish channel’s top border in order to decline again with retesting the support level 1.0580 during today’s trades, generally the pair is still rising for the next near and mid-terms which is expected that the pair will target the resistance level 1.0751 represents the last top in which was formed since last October and may break this level, this requires of the nearest support levels stability with the mentioned channel’s lower border stability, the probability of retesting the pair the nearest support levels is still remaining, whereas it’s expected that the pair will break the level 1.0580 targeting the level 1.0494 which represents 76.4% to decline (from 1.0751 to 0.9662) coinciding with testing the bullish channel’s lower border.


R3 R2 R1 P S1 S2 S3
1.0761 1.0714 1.0684 1.0637 1.0607 1.0560 1.0530
[ATTACH]2025.vB[/ATTACH]