Daily Market Comments - Wednesday 18 August 2010

[za3eem]

EUR-USD While below 1.2900 - 1.2932 it is more likely to fall further towards 1.2845 or 1.2821. Premature rise above 1.2932 could see it rising above 1.2979 zone.

USD-CHF It should test 1.0490 area after which a sell off down to 1.0382 or extended to 1.0330 area is expected.

GBP-USD Prefer a fall to 1.5569 or 1.5527. Then a correction to 1.5641 is anticipated. A clear break of 1.5468 is again bearish.

USD-JPY It should test 85.77 area after which a sell off down to 85.20 or extended to 84.88 area is expected.

USD-CAD Market should not go lower than 1.0315 - 1.0273. After this move down it should go up to 1.0380 - 1.0403 area.

NZD-USD Current rise seems to be over near 0.7135 or 0.7166 for a retracement towards 0.7103 - 0.7081 area.

AUD-USD Currently uptrend should end around 0.9104 - 0.9106 area. A correction down to below 0.8972 is expected. A rise above 0.9160 will abort the expected correction.

EUR-JPY It should trade higher to 110.72 while 109.90 or 109.64 offers support. Stop loss below 109.37 zone.

EUR-CHF It should trade higher to 1.3501 while 1.3401 or 1.3372 offers support. Stop loss below 1.3343 zone.

EUR-GBP Current rise seems to be over near 0.8274 or 0.8304 for a retracement towards 0.8245 - 0.8226 area.

EUR-CAD It looks more likely that it would rise to 1.3389 - 1.3481 from 1.3288 or 1.3242. After which a downside move is expected.

EUR-NZD It looks more likely that it would rise to 1.8195 - 1.8296 from 1.8054 or 1.8004. After which a downside move is expected.

EUR-AUD It should register further gains to 1.4310 while 1.4171 - 1.4107 caps downside attempts. Stop loss below 1.4031 zone.

GBP-CHF One more dip to 1.6242 - 1.6204 is likely followed by a grind higher to 1.6311 - 1.6340. After which it can resume his downtrend.

GBP-JPY Current fall is near an end of wave around 132.94 zone, a rally should then procede to above 133.81. Fall below 132.57 would cancel this scenario.

GBP-CAD Market should not go lower than 1.6071 - 1.5979. After this move down it should go up to 1.6217 - 1.6271 area.

GBP-AUD Market should not go lower than 1.7189 - 1.7090. After this move down it should go up to 1.7353 - 1.7417 area.

CAD-JPY It looks set for gains to 83.43. Supports at 82.22 and 81.94. A break of 81.00 will damage this bullish structure.

NZD-JPY It looks set for gains to 61.39. Supports at 60.43 and 60.19. A break of 59.47 will damage this bullish structure.

AUD-JPY It should trade higher to 78.02 while 77.11 or 76.81 offers support. Stop loss below 76.51 zone.

XAG-USD One move lower to 18.38 or 18.24 is anticipated while below 18.57 - 18.64 area. Stop loss above 18.76 zone.

XAU-USD A corrective rise should ideally test 1228.42 or even higher than 1231.98. Supports are at 1222.80. Stop loss below 1219.08 zone.

[بوجود]

جزاك الله خير اخي زعيم

[wafiq]

مشان الله.......فيدنا كيف نحصل على هاي المعلومات

[wafiq]

DAILY TECHNICAL ANALYSIS GBP-USD ScenarioTechnical pointsSupports / ResistancesChannels & OscillatorElliott : irregular flat correction down 1.5496

Scenario for today

Prefer a fall to 1.5569 or 1.5527. Then a correction to 1.5641 is anticipated. A clear break of 1.5468 is again bearish. Key point1.5549Entry point1.5637Elliott1.5703Closing1.5587Projection1.5536Trendline1.5552Trendline1.5569Res 21.5755Ex-High1.5695Res 11.5671Pivot1.5611Sup 11.5527Ex-Low1.5552Sup 21.5468
1.5722
1.56821.5553
1.5513

[wafiq]

MONTHLY TECHNICAL ANALYSIS GBP-USD ScenarioTechnical pointsSupports / ResistancesChannels & OscillatorElliott : irregular flat correction up 1.6018

Scenario for this month

If market stays below 1.5703 a fall to 1.5279 is expected. If market breaks the point 1.5979 it could reach the sky. Key point1.6198Entry point1.5530Elliott1.4229Closing1.5684Projection1.6323Trendline1.4801Trendline1.5400Res 21.6275Ex-High1.5722Res 11.5979Pivot1.5426Sup 11.5131Ex-Low1.4873Sup 21.4578
1.6062
1.58601.5205
1.5003

Warning: Imminent end of bullish move

[wafiq]

MONTHLY TECHNICAL ANALYSIS AUD-USD ScenarioTechnical pointsSupports / ResistancesChannels & OscillatorElliott : crucial reversal point

Scenario for this month

If market stays below 0.9058 a fall to 0.8681 is expected. If market breaks the point 0.9305 it could reach the sky. Key point0.9402Entry point0.8762Elliott0.8067Closing0.9046Projection0.9383Trendline0.8266Trendline0.8551Res 20.9563Ex-High0.9069Res 10.9305Pivot0.8811Sup 10.8552Ex-Low0.8317Sup 20.8058
0.9318
0.91460.8588
0.8416

Warning: Imminent end of bullish move