Forex (currecny) trading news
Tracking the EUR/USD pair
Date: 18.09.2012 Time: 14:29 Rate: 1.3054
Daily chart
Last Review
As it was written in yesterdays review, the price has reached the 1.2939 price level and stopped at the moment. Breaching of this level will indicate that the price will continue upwards, while its first target is the 1.3000 resistance, and its proven breaking will lead the price towards the 1.35000 price level. On the other hand, descend of the price under the 1.2824 price level and under the trend lines which are connecting the peaks (red and black) will probably lead the price towards a Fibonacci correction in size of between a third and two thirds of the uptrend that began on the 1.2067 price level.
Current review for today
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.
You can see the chart below:
EUR/USD
Date: 18.09.2012 Time: 14:45 Rate: 1.3054
4 Hour chart
Last Review
The price has reached the “One in, one out” pattern target on the 1.2887 price level and trying to base above this level at the moment. If the price will lean on this level, it is possible that the continuation of the uptrend will lead towards the 1.3000 price level at first stage. On the other hand, creation of a descending price structure will indicate that the price will perform a correction of the uptrend locked in the ascending price channel (black broken lines) in size of between a third and two thirds by Fibonacci retracement.
Current review for today
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).
You can see the chart below:
http://www.real-forex.com/charts-daily/r/09/19.09.2012/2.jpg
GBP/USD
Date: 18.09.2012 Time: 14:59 Rate: 1.6236
4 Hour chart
Last Review
The price is trying to base above the upper lip of the ascending price channel. If it will succeed we can expect a continuation of the uptrend with first target on the trend line which is connecting the peaks (blue broken line) around the 1.6200 price level. On the other hand, come back of the price under the lower lip of the tunnel and creation of a descending price structure will lead to a correction in size of between a third and two thirds of the uptrend locked in the tunnel.
Current review for today
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
You can see the chart below:
AUD/USD
Date: 12.09.2012 Time: 15:29 Rate: 1.0451
4 Hour chart
Last Review
The price has breached the 1.0444 price level and the descending trend line that is connecting between the peaks, currently the price is checking if the mentioned trend line can be a good support for the continuation of the uptrend. Breaching the 1.0506 price level will indicate that the price will make its way towards the last peak on the 1.0600 price level. On the other hand, breaching of the 1.0444 price level and descend of the price under the mentioned trend line while creating a descending price structure will indicate that it is possible that we will see a correction in size of between a third and two thirds of last uptrend which started on the 1.0167 price level.
Current review for today
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.
You can see the chart below:
USD/CHF
Date: 18.09.2012 Time: 15:33 Rate: 0.9282
4 Hour chart
Last Review
The price is showing stoppage signs on the 0.9368 price level. It is possible to assume that in case the price will continue under the 0.9368 support level, its next target will be the closest support on the 0.9260 price level (Daily chart). On the other hand, come back of the price above the lower lip of the shrinking descending price channel while creating an ascending price structure will indicate that the price will perform a correction in size of between a third and two thirds of the downtrend which started on the 0.9950 price level.
Current review for today
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.
You can see the chart below:
Important announcements for today:
08.30 (GMT+1) JPY – BOJ Press Conference
09.30 (GMT+1) GBP – MPC Meeting Minutes
13.30 (GMT+1) USD – Building Permits
15.00 (GMT+1) USD – Existing Home Sales
Tracking the EUR/USD pair
Date: 18.09.2012 Time: 14:29 Rate: 1.3054
Daily chart
Last Review
As it was written in yesterdays review, the price has reached the 1.2939 price level and stopped at the moment. Breaching of this level will indicate that the price will continue upwards, while its first target is the 1.3000 resistance, and its proven breaking will lead the price towards the 1.35000 price level. On the other hand, descend of the price under the 1.2824 price level and under the trend lines which are connecting the peaks (red and black) will probably lead the price towards a Fibonacci correction in size of between a third and two thirds of the uptrend that began on the 1.2067 price level.
Current review for today
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.
You can see the chart below:
EUR/USD
Date: 18.09.2012 Time: 14:45 Rate: 1.3054
4 Hour chart
Last Review
The price has reached the “One in, one out” pattern target on the 1.2887 price level and trying to base above this level at the moment. If the price will lean on this level, it is possible that the continuation of the uptrend will lead towards the 1.3000 price level at first stage. On the other hand, creation of a descending price structure will indicate that the price will perform a correction of the uptrend locked in the ascending price channel (black broken lines) in size of between a third and two thirds by Fibonacci retracement.
Current review for today
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).
You can see the chart below:
http://www.real-forex.com/charts-daily/r/09/19.09.2012/2.jpg
GBP/USD
Date: 18.09.2012 Time: 14:59 Rate: 1.6236
4 Hour chart
Last Review
The price is trying to base above the upper lip of the ascending price channel. If it will succeed we can expect a continuation of the uptrend with first target on the trend line which is connecting the peaks (blue broken line) around the 1.6200 price level. On the other hand, come back of the price under the lower lip of the tunnel and creation of a descending price structure will lead to a correction in size of between a third and two thirds of the uptrend locked in the tunnel.
Current review for today
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
You can see the chart below:
AUD/USD
Date: 12.09.2012 Time: 15:29 Rate: 1.0451
4 Hour chart
Last Review
The price has breached the 1.0444 price level and the descending trend line that is connecting between the peaks, currently the price is checking if the mentioned trend line can be a good support for the continuation of the uptrend. Breaching the 1.0506 price level will indicate that the price will make its way towards the last peak on the 1.0600 price level. On the other hand, breaching of the 1.0444 price level and descend of the price under the mentioned trend line while creating a descending price structure will indicate that it is possible that we will see a correction in size of between a third and two thirds of last uptrend which started on the 1.0167 price level.
Current review for today
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.
You can see the chart below:
USD/CHF
Date: 18.09.2012 Time: 15:33 Rate: 0.9282
4 Hour chart
Last Review
The price is showing stoppage signs on the 0.9368 price level. It is possible to assume that in case the price will continue under the 0.9368 support level, its next target will be the closest support on the 0.9260 price level (Daily chart). On the other hand, come back of the price above the lower lip of the shrinking descending price channel while creating an ascending price structure will indicate that the price will perform a correction in size of between a third and two thirds of the downtrend which started on the 0.9950 price level.
Current review for today
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.
You can see the chart below:
Important announcements for today:
08.30 (GMT+1) JPY – BOJ Press Conference
09.30 (GMT+1) GBP – MPC Meeting Minutes
13.30 (GMT+1) USD – Building Permits
15.00 (GMT+1) USD – Existing Home Sales
