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ahmedalhoseny
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Update For: February 13, 2012
Posted On: Mon, 13 Feb 2012 18:33:53 GMT
EURUSD
Last Price: 1.3367
Support: 1.3270, 1.3198, 1.3115, 1.2975
Resistance: 1.3375, 1.3436, 1.3481, 1.3588
The bearish triangle from October 2008 warns the euro will thrust below 1.1876. But thrusts from triangles are terminal and in this case may complete a three-wave decline from near 1.60, a correction.
Posted On: Mon, 13 Feb 2012 18:33:53 GMT
EURUSD
Last Price: 1.3367
Support: 1.3270, 1.3198, 1.3115, 1.2975
Resistance: 1.3375, 1.3436, 1.3481, 1.3588
The bearish triangle from October 2008 warns the euro will thrust below 1.1876. But thrusts from triangles are terminal and in this case may complete a three-wave decline from near 1.60, a correction.
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ahmedalhoseny
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Update For: February 21, 2012
Posted On: Wed, 22 Feb 2012 01:57:21 GMT
EURUSD
Last Price: 1.3367
Support: 1.3270, 1.3198, 1.3115, 1.2975
Resistance: 1.3375, 1.3436, 1.3481, 1.3588
[Thrust from a triangle]
If the rise from 1.2621 is a correction it shows little sign of ending at current levels. That leaves the immediate trend pointing high.
An extended recovery does not alter the outlook for a decline below 1.1876. The current rise is either wave (2) of a thrust to new lows or the start of wave E (circle) of a larger triangle. Both counts allow for an extension to higher levels and both counts suggest the recovery will prove corrective. The question is how high the recovery carries.
The lower trendline is passing through the 1.3500 area over the next few weeks and under the larger triangle scenario wave E (circle) could reach the mid 1.40s.
Posted On: Wed, 22 Feb 2012 01:57:21 GMT
EURUSD
Last Price: 1.3367
Support: 1.3270, 1.3198, 1.3115, 1.2975
Resistance: 1.3375, 1.3436, 1.3481, 1.3588
[Thrust from a triangle]
If the rise from 1.2621 is a correction it shows little sign of ending at current levels. That leaves the immediate trend pointing high.
An extended recovery does not alter the outlook for a decline below 1.1876. The current rise is either wave (2) of a thrust to new lows or the start of wave E (circle) of a larger triangle. Both counts allow for an extension to higher levels and both counts suggest the recovery will prove corrective. The question is how high the recovery carries.
The lower trendline is passing through the 1.3500 area over the next few weeks and under the larger triangle scenario wave E (circle) could reach the mid 1.40s.
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ahmedalhoseny
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ahmedalhoseny
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EURUSD Daily Followup
Nearing a temporary peak]
Key Level: 1.3270 and 1.2975
EURUSD pushed to new highs above 1.3322 to satisfy upside expectation. The new high came as the result of a terminal thrust from a triangle, warning that a temporary high lies nearby and a correction is in store. The 1.3200 area might offer support.
A setback that ends after three waves would keep the larger euro rally intact and based on anticipated dollar weakness relative to Sterling, Swiss franc, and the loonie the approaching setback in EURUSD is likely to prove corrective
Key Level: 1.3270 and 1.2975
EURUSD pushed to new highs above 1.3322 to satisfy upside expectation. The new high came as the result of a terminal thrust from a triangle, warning that a temporary high lies nearby and a correction is in store. The 1.3200 area might offer support.
A setback that ends after three waves would keep the larger euro rally intact and based on anticipated dollar weakness relative to Sterling, Swiss franc, and the loonie the approaching setback in EURUSD is likely to prove corrective
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ahmedalhoseny
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Update For: February 13, 2012
Posted On: Mon, 13 Feb 2012 18:28:52 GMT
USDJPY
Last Price: 80.022
Support: 79.895, 79.355, 79.250, 78.530
Resistance: 80.319, 80.415, 81.490, 82.240
The dollar is reversing course after an impulsive decline that spans more than three decades and ended in an diagonal triangle. Just a correction could see the 1.25.00 area, or better and last years
Posted On: Mon, 13 Feb 2012 18:28:52 GMT
USDJPY
Last Price: 80.022
Support: 79.895, 79.355, 79.250, 78.530
Resistance: 80.319, 80.415, 81.490, 82.240
The dollar is reversing course after an impulsive decline that spans more than three decades and ended in an diagonal triangle. Just a correction could see the 1.25.00 area, or better and last years
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ahmedalhoseny
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Update For: February 21, 2012
Posted On: Wed, 22 Feb 2012 01:46:25 GMT
USDJPY
Last Price: 80.022
Support: 79.895, 79.355, 79.250, 78.530
Resistance: 80.319, 80.415, 81.490, 82.240
[Bottoming]
USDJPY turned high from above 75.560 and has advanced in an impulsive manner. The completion of a five-wave rally would set the stage for a setback in three waves and a completed corrective setback would complete a second reversal sequence. The first appears in place from 75.560 to 76.018, from October 31 2011 to February 1, 2012
Posted On: Wed, 22 Feb 2012 01:46:25 GMT
USDJPY
Last Price: 80.022
Support: 79.895, 79.355, 79.250, 78.530
Resistance: 80.319, 80.415, 81.490, 82.240
[Bottoming]
USDJPY turned high from above 75.560 and has advanced in an impulsive manner. The completion of a five-wave rally would set the stage for a setback in three waves and a completed corrective setback would complete a second reversal sequence. The first appears in place from 75.560 to 76.018, from October 31 2011 to February 1, 2012
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ahmedalhoseny
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ahmedalhoseny
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[Nearing a peak?]
Key Levels:
USDJPY is in the terminal stages of a five-wave rally from 77.365. The accompanying momentum divergence warns the rally is mature and a downturn is due. A correction might find support in the area of the fourth wave of one lesser degree to 79.355.
As always, a decline in five waves at lower degree would signal a reversal
Key Levels:
USDJPY is in the terminal stages of a five-wave rally from 77.365. The accompanying momentum divergence warns the rally is mature and a downturn is due. A correction might find support in the area of the fourth wave of one lesser degree to 79.355.
As always, a decline in five waves at lower degree would signal a reversal
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ahmedalhoseny
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Update For: February 13, 2012
Posted On: Mon, 13 Feb 2012 18:31:54 GMT
GBPUSD
Last Price: 1.5917
Support: 1.5645, 1.5635, 1.5597, 1.5482
Resistance: 1.5733, 1.5775, 1.5815, 1.5881
Cable remains range bound with wave (D) possibly complete and the current bounce in (E) the final before GBPUSD thrusts below 1.3504
Posted On: Mon, 13 Feb 2012 18:31:54 GMT
GBPUSD
Last Price: 1.5917
Support: 1.5645, 1.5635, 1.5597, 1.5482
Resistance: 1.5733, 1.5775, 1.5815, 1.5881
Cable remains range bound with wave (D) possibly complete and the current bounce in (E) the final before GBPUSD thrusts below 1.3504
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