SORRY...

Sorry to all vi$itor..latley im busy at outside...
how ever,i will back to give u $mile$ when u give me...:)
Big Thanks to all...:))

3 day gone!

This week so bad to me...:(
all day trade was FAIl due some mistaken by my self..
hope i can recover back...

Research for Monday..

EU still strong move downtrend at TF4 above...mayb just want finish at TF Weekly..just little bit..
but for this monday morning mayb some GAP was made it...
To all trader EU, just bcarefull trade on Monday...
Tips : Dont make any mistake by some FALSE signal at TF 30 below..follow trend taht day, try to
minimize our loss...be SMARTS..:))

Technical Major Currencies Report Wednesday, November 19, 2008

EURO
The sideways trend with slight tendency to the downisde is dominating trading on the short term between the resistance level at 1.2730 and the support level at 1.2405. We see that the 100 day MA average on the four hour charts is at the resistance level. Momentum indicators have adjusted to show neutral momentom on the same time frame suggesting that if trading remains below the mentioned resistance level, the trend will be to the downside in an attempt to breach the support level.
The trading range for today is among the key support at 1.2405 and the key resistance at 1.2920
The general trend is to the downside as far as 1.5080 remains intact with targets at 1.2340 and 1.2225
Support 1.2605 1.2585 1.2525 1.2485 1.2430
Resistance 1.2730 1.2745 1.2785 1.2835 1.2885
Recommendation Sell the pair below 1.2685 with targets at 1.2490 and stop loss with hourly close above 1.2785

Great British Pound (GBP)
The 1.5075 resistance was able to reverse the pair to the downside after the 23.6% correction level at 1.5050 halted further gains before reaching the key resistance. We still expect the downisde trend for the pair yet volatility could be evident. Only if the pair was able to build a solid base above the 38.2% correction at 1.5140 will it be able to reverse the trend.
The trading range for today is among the key support at 1.4690 and the key resistance at 1.5215
The general trend is to the downside as far as 1.9400 remains intact with targets at 1.4435 and 1.4095
Support 1.4910 1.4890 1.4840 1.4760 1.4715
Resistance 1.4985 1.5040 1.5075 1.5105 1.5140
Recommendation Buy the pair below 1.4980 with target at 1.4890 and 1.4840 and stop loss with hourly close above 1.5050

EURO
A slight reverse to the downside today after yesterday's incline failed to reach levels that would reverse the trend to the upside with the most critical level at 1.2885 where as long as trading is below it, the trend will continue to be to the downside. Today we see the bearish trend could face some upside correction but as far as 1.2710 remains intact, the trend is to the downside.
The trading range for today is among the key support at 1.2310 and key resistance at 1.2840
The general trend is to the downside as far as 1.5080 remains intact with targets at 1.2340 and 1.2225

Support 1.2525 1.2490 1.2410 1.2375 1.2345
Resistance 1.2610 1.2670 1.2710 1.2740 1.2770
Recommendation Sell the pair below 1.2605 with targets at 1.2490 and stop loss with hourly close above 1.2885

Technical Major Currencies Report, Monday, November 17, 2008

EURO

The euro retested the major support level for the technical triangular pattern last week and now the pair is trading below the 100 Days MA at 1.2600, despite that upside moves are expected the trend is still to the downside as far as the resistance level at 1.2840 remains intact.

The trading range is among the key resistance level at 1.2840 and the key support level at 1.2310.

The general trend is to the downside as far as 1.5080 remains intact; targets are set at 1.2340 and 1.2225.

Support 1.2510 1.2490 1.2410 1.2375 1.2345
Resistance 1.2605 1.2670 1.2740 1.2770 1.2810
Recommendation Sell euro below 1.2605 with targets at 1.2490, stop loss above 1.2885

Great British Pound (GBP)

The pair attempted last week to trade above the minor resistance level yet it failed as the pair now is trading within the medium term downside trend below the minor support level at 1.4790 and the 127% extension level at 1.4815; for that we expect the pair to attempt to consolidate below the 138.2% extension at 1.4690 to continue the downside to its next target at 1.4435 in intervals during the coming period; the expectations are supported with the Stochastic indicators that are heavily oversold and the negativity on the MACD.

The trading range is among the key resistance level at 1.4990 and the key support level at 1.4435.

The general trend is to the downside as far as 1.9400 remains intact; targets are set at 1.4435 and 1.4095.

Support 1.4715 1.4690 1.4640 1.4595 1.4560
Resistance 1.4775 1.4790 1.4815 1.4835 1.4870
Recommendation Sell sterling below 1.4715 with targets at 1.4600, stop loss with an hourly closing above 1.4815

Japanese Yen (JPY)The pairs attempts to consolidate above 98.25 level failed and continued to decline which created a downside channel over intraday basis; steady trading above 97.80 the major resistance for the channel and below 98.25 will set the pair to attempt 95.70 once more which is the correction level for the upside wave that was seen from 24-10-2008 till 04-11-2008.

The trading range for today is among the key resistance level at 99.50 and the key support level at 94.10.

The general trend is to the downside as far as 104.60 remains intact; targets are set at 91.95 and 89.30.

Support 96.80 96.00 95.70 95.50 95.15
Resistance 97.80 98.25 98.60 99.50 99.90
Recommendation Sell the pair below 97.80 with targets at 96.10, stop loss above 98.60


Swiss Franc (CHF)

Consolidating above 1.1905 as we mentioned earlier is supporting the upside wave, the major resistance level for the medium term upside wave is seen among 1.2060 and the 161.8% correction level at 1.2080, for that we need to watch these levels today for if a breach was not seen successfully the pair will head to the downside supported by the buying saturation on momentum indicators.

The trading range is among the key resistance level at 1.2235 and the key support level at 1.1790.

The general trend is to the upside as far as 1.0570 remains intact; targets are set at 1.2040 and 1.2062.

Support 1.1950 1.1930 1.1905 1.1865 1.1790
Resistance 1.2040 1.2060 1.2080 1.2140 1.2185
Recommendation Buy the pair above 1.1965 with targets at 1.2040, stop loss below 1.1865

Canadian Dollar (CAD)

The pair opened to the upside yet below the previous top at 1.2440, due to the price gap we might see the pair head to the downside which will be validated as far as trading is below 1.2440 level mentioned.






Support 1.2335 1.2305 1.2270 1.2220 1.2150
Resistance 1.2390 1.2415 1.2440 1.2460 1.2495
Recommendation Sell the pair below 1.2390 with targets at 1.2220, stop loss with an hourly closing above 1.2440

Technical Major Currencies Report Friday, November 14, 2008

EURO

The euro inclined as it was being oversold yesterday failing to reach our downside targets but the chance is still open since yesterday's upside movements were nothing more than an attempt to retest the key support for the sideways channel that was breached earlier. The pair is trading now near the 100 day MA on the four hour chart at 1.2740 and we see that if trading continues below this level, it could reverse to the downside. The decline today is concerned with 1.2885 where trading below it will also result in a reverse sooner or later.

The trading range for today is among the key support at 1.2375 and the key resistance at 1.3000

The general trend is to the downside as far as 1.5080 remains intact with targets at 1.2340 and 1.2225

Support 1.2670 1.2565 1.2510 1.2485 1.2415
Resistance 1.2740 1.2770 1.2835 1.2885 1.2900
Recommendation Sell the pair carefully below 1.2740 with targets at 1.2590 and stop loss above 1.2913

Technical Major Currencies Report

Thursday, November 13, 2008


EURO

The pair continued to decline after completing the sideways correction we pointed out to earlier where we see the pair now trading below the 100% extension for the downside wave that started on 5-10-2008 and ended on 7-10-2008. This extension lies at 1.2490 and we see that if trading remains below below this level, it will result in further declines to the 138.2% - 127% extensions between 1.2375 and 1.2325 at the very least.

The trading range for today is among the key support at 1.2225 and the key resistance at 1.2795

The general trend is to the downside as far as 1.5080 remains intact with targets at 1.2340 and 1.2225

Support 1.2435 1.2415 1.2375 1.2365 1.2325
Resistance 1.2535 1.2680 1.2695 1.2735 1.2795
Recommendation Sell the pair below 1.2500 with targets at 1.2325 and stop loss above 1.2597


Great British Pound (GBP)

The pair was able to reach the key support for the downside channel and as seen on the relative strength indicator we see signs of divergence as the pair is being oversold on the momentum indicators on the medium term. Despite us believing that the downside trend will continue to take the pair to levels lower than the current levels due to the breach of several historical supports, it will still face a support level that could be strong enough to rebound the pair to the upside in correction movements at 1.4805 followed by 1.4750. However, the breach of these supports will not allow for the occurrence of an upside correction.

The trading range for today is among the key support at 1.4640 and the key resistance at 1.5475

The general trend is to the downside as far as 1.9400 remains intact with targets at 1.4700 and 1.4095

Support 1.4870 1.4835 1.4805 1.4750 1.4715
Resistance 1.4990 1.5115 1.5215 1.5330 1.5475
Recommendation Buy the pair above 1.4855 with targets at 1.5050 and stop loss below 1.4730


Japanese Yen (JPY)

A sharp decline took the pair to the 61.8% correcton level at 94.60 before rebounding to the upside to currently trade near the 50% correction at 95.65. We see high volatility could dominate trading in the upcoming period yet the rebound from the 61.8% which is known as a critical level will provide the pair with some bullish momentum.

The trading range for today is among the key support at 93.35 and the key resistance at 98.60

The general trend is to the downside as far as 104.60 remains intact with targets at 91.95 and 89.30

Support 95.65 95.15 94.95 94.60 93.90
Resistance 96.00 96.40 96.80 97.30 98.00
Recommendation Buy the pair above 95.65 with targets at 96.30 and stop loss below 94.43


Swiss Franc (CHF)

The pair failed to build a solid base above 1.1900 and declined several times from there was we see a contracting triangle on the charts while the Stochastic indicator shows the pair being highly overbought. We see the pair is sitll in an upside trend yet trading today should be cautious since if the pair breaches the 1.1790 level and remains below it, this will result in a clear downside movement whereas trading above the 1.1905 level will allow the pair to incline quite quickly.

The trading range for today is among the key support at 1.1685 and the key resistance at 1.2020

The general trend is to the upside as far as 1.0570 remains tintact with targets at 1.1945 and 1.2065

Support 1.1860 1.1815 1.1790 1.1765 1.1745
Resistance 1.1895 1.1905 1.1915 1.1950 1.2020
Recommendation Buy the pair above 1.1790 with targets at 1.2000 and stop loss below 1.1671

Canadian Dollar (CAD)

Just as we expected yesterday, the upside trend helped the pair incline in no time. The 1.2415 level is a valid target for the pair as it is also the 61.8% correcton for the descending channel that started on 28-10-2008 and ended on 4-11-200. Today we could see the pair experience high volatility as it is being heavily overbought on the intraday charts.

The trading range for today is among the key support at 1.2050 and the key resistance at 1.2640

The general trend is to the upside as fas as 1.1780 remains intact with targets at 1.3305 and 1.3465

Support 1.2305 1.2260 1.2240 1.2200 1.2150
Resistance 1.2375 1.2415 1.2450 1.2495 1.2550
Recommendation Avoid trading today

Technical Major Currencies Report

EURO

The key support for the sideways channel was breached and the pair was able to reach the 100% correction for the descending channel that started on 5-11-2008 and ended on 7-11-2008 where this level lies at 1.2485. Today we see the pair inclining in correction movements in another attempt to retest the support level that was breached yesterday which has now shifted to 1.2750. The minor resistance which is the 61.8% correction for the above mentioned downside channel at 1.2660 could be a critical point for the pair as it might provide it with bearish momentum.

The trading range for today is among the key support at 1.2325 and the key resistance at 1.2990

The general trend is to the downside as far as 1.5080 remains intact with targets at 1.2480 and 1.2340

Support 1.2580 1.2535 1.2495 1.2455 1.2410
Resistance 1.2660 1.2695 1.2750 1.2800 1.2880
Recommendation Sell the pair below 1.2750 with targets at 1.2325 and stop loss above 1.2887

The euro lead the first attempt to breakthrough the support levels and end the triangular sideways correction after it rebounded from the resistance levels at 1.29; today the 1.2705 is the major support level for the correctional model and the downside wave is approaching and for validation we need to see clear trading below the mentioned level for the pair to start the downside wave which targets 1.2545 at least.

The trading range is among the key resistance level at 1.3055 and the key support level at 1.2510.

The general trend is to the downside as far as 1.5080 remains intact; targets are set at 1.2480 and 1.2340.

Support 1.2705 1.2665 1.2655 1.2590 1.2545
Resistance 1.2760 1.2800 1.2880 1.2990 1.3055