Eur-Usd Has Formed Head & Shoulder

May 9th, 2013 Shawn

Hi Eur-Usd forex please look at this attached 4- Hourly Eur-Usd forex chart. It seems that pair has made the position of head and shoulder?? After broken the triangle which I had mentioned in my last Eur-Usd technical analysis.

If this is the real head and shoulder position then in the next session we may see huge drop of Eur-Usd and it may be down to test the major 1.30397.

Before taking any position to sell off the pair please fallow the fallowing support and resistance levels.

R1= 1.31913, R2 = 1.32411

S1= 1.31034,  S2= 1.30733

 

GBP-USD looking To break Wedge

May 9th, 2013 Shawn

Hi GBP- USD forex traders the pair is waiting for the direction after the interest rate and assets purchasing decision by BOE.

Over this 4-hour GBP-USD forex you can easily watch after pullback  1.55924 since yesterday the pair is moving under wedge ( yellow lines). But most likely according to existing technical scenario after the news( BOE decsion) the pair will come down to to test the 1.55054 and then it may  moved up towards 1.56000

Alternatively if the GBP-USD able to break support area 1.55043 then next target will not less then 1.54326.

The fallowing are the possible support and resistance levels

Eur-Usd Well Within Triangle

May 7th, 2013 Shawn

Dear Eur-Usd intra day forex traders, Over this 4-hour Eur-Usd forex chart you can find that the pair is moving well within a triangle( In yellow Lines). Moreover the pair Eur-Usd is right now testing its resistance area  1.31352. The break of  1.31352 may lead the Eur-Usd to test 1.32000 levels.

Other wise if  the pair Eur-Usd will unable to breached this resistance area, the pair may come down to test the major support area 1.30267 and the break of 1.30267 will take us to towords 1.29754 region.

GBP-USDToday

May 6th, 2013 Shawn

Look  at this GBP-USD 4-hours forex chart after the last Fridays movement the line of direction of the pair is highly bullish with medium levels of supporting area is 1.54929. So simply if the support area 1.54929 would remain there,  the pair GBP- USD will clearly touch the 1.57000 levels.

The trading idea for the intra day traders or for the day traders is that right now over the 4-hour GBP-USD forex chart the pair has faced the resistance 1.56076 which may cause to push the pair towards the fallowing support levels before it moved up.

Either S1= 1.55461, Or S2= 1.55031

Resistance levels to be consider are

R1- 1.56096, R2= 1.56393

 

Eur-Usd Technical Analysis

May 6th, 2013 Shawn

Hi Dear Eur-Usd forex traders over the last weekend you had watched  pair  Eur-Usd able to hold out the major support levels 1.30216 which means this existing wave is still bullish as I wrote in last Eur-Usd technical analysis.

Here over my fresh Eur-Usd forex you can easily see the direction of the Eur-Usd within up trending channel (in yellow lines) and it looks like that the  pair is moving up to test the upper line within the channel with possible target 1.33500 as  after failing to breach the lower channel over last friday.

But the trading idea for the intra day or for day traders is, that although the pair is bullish, but according to the existing scenrio the pair right now  looking to break a triangle as well which has clearly shown over this 4-hour Eur-Usd forex chart. So before keep going over the bullish or up trend direction  we may see that pair Eur-Usd can test the fallowing support levels.

either S1= 1.31006  Or   S2= 1.30705 and may S3= 1.30216

Where as resistance levels are

R1=  1.31320  R2= 1.31880, R3=  1.32318

Eur-Usd Technical analysis

May 3rd, 2013 Shawn

Hi Eur-Usd lovers, last day we  had observed the a dip down  but that bearish stance unable to break the key support levels at 1.30307 as you can watch it  over this attached 4-hours Eur-Usd forex chart.

So In the coming Usa session after the result outcome of the NFP numbers, if the pair Eur-Usd able to contain the support area 1.30307  that  means that we surely will see some further uptrend with the target 1.33192. Alternatively the break of  support levels  1.30307  means 1.28777 will be next initial target

The important support and resistance levels Eur-Usd day traders  are

S1- 1.30215,  S2- 1.30272, S3= 1.29842

R1= 1.31326, R2= 1.31925 R3=  1.32425

 

GBP-USD Seems Bearish again

May 3rd, 2013 Shawn

hi  dear GBP-USD forex traders over my new and fresh 4-hour GBP-USD forex chart  you can watch that pair GBP-USD  is moving under  up trending  channel in red lines. Couple of days back the pair had touched the upper line at 1.56087 of this up trending channel & now GBP_USD is coming down lets see either it would be able to go down at

So for the intra day traders it looks like the pair GBP-USD is bearish until it hold out the resistance area 1.55531 and moreover if it will breached the existing  supporting  1.54918 we may see some rapid drop today . Otherwise in case if the pair not able hold the 1.55531 levels which  means that we may see that GBP-USD could move up to test the 1.56087.

The fallowing will be support and resistance levels.

R1= 1.55531, R2= 1.56087

S1= 1.54987, S2= 1.54151, S3= 1.52866.

 

GBP-USD Today

April 24th, 2013 Shawn

Hi Traders, over my last days GBP-USD Technical analysis I wrote that pair GBP-USD  may breached its key support area at 1.51793 & yes yesterday pair had attempted to cross that key support levels but unable to found appropriate power to dipped down further & went back to test its resistance 1.52897.

Right now the pair is moving to between resistance  1.52897 and support 1.51793 in a triangle shape formation  as you can see over this attached 4-hour GBP-USD forex chart &   looking  for a breakout.

    Trading Idea for intra-day traders or day traders  today is that pair GBP-USD is highly bearish until the resistance 1.52897  remain there, which means that the pair GBP-USD  will not only breached support at 1.51793 but surely may dip down further to test another important support levels at 1.50897.

The Fallowing are the important support and resistance levels.

R1= 1.52926 R2= 1.53441, R3= 1.54088

S1= 1.52249, S2= 1.51779, S3= 1.51190

 

Will GBP-USD Breach Its Key Support

April 23rd, 2013 Shawn

Hi GBP-USD forex lovers,

Here if you are watching  this attached  4 -hours GBP-USD forex chart the pair has taken a bearish stance and it seems like that pair GBP-USD would test its major support area 1.51793 may be today or may in next  couple of days. However the  break below of this support area  would be a good indication that the larger downtrend is underway.

Trading Idea For the GBP-USD intra day or day traders is keep bearish over this GBP-USD untill 1.51793 with the fallowing support and resistance levels should keep in mind.

R1= 1.52794, R2= 1.53338, R3= 1.54059

S1= 1.52514,   S2= 1.52294,  S3=  1.52014

 

Eur-Usd With Bullish Flag

April 17th, 2013 Shawn

After testing the potential support at 1.30365 the pair has been ready to touch its upper limits now. Here over my fresh 4- hour Eur-Usd forex chart I figured out a ascending channel and the upper limit of this  ascending channel will end up at 1.33016 which could ultimately the target. More over a bullish flag also supporting its bullish bias for the intra day or the day trader.

Trading Idea is to keep buy this pair Eur-Usd but keep in mind the fallowing support and resistance before taken any buying position.

S1= 1.31488, S2=1.31156, S3= 1.30812

R1= 1.32256, R2= 1.33016.

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