Technical analysis for EUR/USD, GBP/USD

[bitrader]

Indicators:
Moving Average 34, Simple, Median Price HL/2
Moving Average of Oscillator 12,26,9 Close
Ichimoku Kinko Hyo 24,60,120
Time: 1 Hour

GBP
The pre-planned breakout variant for sells has been realized with overlap of assumed targets. OsMA trend indicator having marked the high level of bearish activity at the break of key supports because of chosen strategy gives grounds to choose corresponding planning priorities for today. Hence and taking into account the oversold factor with ascending direction of indicator chart, we assume a possibility of pair return to Senkou Span line of Ichimoku indicator at 1.8540/60, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.
For short-term sells on condition of formation of topping signals the targets will be 1.8460/80, 1.8380/1.8400 and/or further breakout variant up to 1.8320/40, 1.8260/80, 1.8200/20.
An alternative for buyers will be above 1.8680 with the targets 1.8730/50, 1.8780/1.8800.

EUR
The pre-planned breakout variant for sells has been realized with attainment of minimal assumed target. OsMA trend indicator having marked the break of key support with Ichimoku cloud with relative rise of bearish activity but with the features of oversold factor gives grounds to presume a possibility of range movement of the rate without clearness in a choice of planning priorities for today. Hence taking into account the preservation of some bearish potential, we assume a possibility of attainment of supports 1.4640/60, where it is recommended to evaluate the activity development according to the charts of shorter time interval.
For short-term buyers’ positions on condition of formation of topping signals the targets will be 1.4700/20, 1.4760/80, 1.4820/40 and/or further breakout variant up to 1.4880/1.4900, 1.4920/40.
An alternative for sells will be below 1.4600 with the targets 1.4540/60, 1.4460/80, 1.4400/20.

[rosetony]

EUR/USD's decline accelerates further to as low as 1.5045 today after taking out key medium term support of 1.5284. At this point, intraday bias remains on the downside and further decline is expected to 1.4966 cluster support (61.8% retracement of 1.4309 to 1.3038 at 1.4969). Above 1.5134 will turn intraday outlook neutral first but consolidation should be relatively brief as long as 1.5249 resistance holds. Break of 1.5249 will indicate that an short term low might be in place and some correction should be seen before another decline.

As already discussed before by the forex analyst correction USD/JPY from 110.66 might have completed at 108.13 already, after being supported slightly above 38.2% retracement of 103.76 to 110.66. Intraday outlook is cautiously bullish for retest of 110.66 high. Break will confirm that recent rally has resumed for next target of 61.8% projection of 95.77 to 108.58 from 103.76 at 111.68. On the downside, below 109.22 minor support will suggest that correction from 110.66 is still in progress for 107.28 support before completion. Though, downside of this correction is expected to be contained above 106.04 support and bring rally resumption.

[bitrader]

Indicators:
Moving Average 34, Simple, Median Price HL/2
Moving Average of Oscillator 12,26,9 Close
Ichimoku Kinko Hyo 24,60,120
Time: 1 Hour

GBP
The pre-planned short positions from the key resistance range have been realized with overlap of minimal assumed target. OsMA trend indicator having marked the relative rise of bullish activity close to activity parity of both parties does not give grounds to choose planning priorities for today. Hence because of chosen strategy we assume a possibility of test of the nearest supports at 1.8400/20, where it is recommended to evaluate the activity development according to the charts of shorter time interval.
For short-term buyers’ positions on condition of formation of topping signals the targets will be 1.8480/1.8500, 1.8560/80, 1.8620/40 and/or further breakout variant up to 1.8780/1.8800, 1.8820/40.
An alternative for sells will be below 1.8360 with the targets 1.8300/20, 1.8220/40, 1.8160/80.


EUR
The presumed test of the key supports for realization of the pre-planned buyers’ positions has not been confirmed but the relative strengthening of buyers’ activity on expected rate rise revealed by OsMA indicator gives grounds to preserve earlier composed trading plans almost without changes. As before we assume a possibility of attainment of supports 1.4640/60, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.
For short-term buyers’ positions on condition of formation of topping signals the targets will be 1.4700/20, 1.4760/80, 1.4820/40 and/or further breakout variant up to 1.4880/1.4900, 1.4920/40.
An alternative for sells will be below 1.4600 with the targets 1.4540/60, 1.4460/80, 1.4400/20.

[dukunvalas]

Cable u could correction in 8794 yesterday and we see now 1.83xx if consolidation 20158-high edger in 9928 in 1 wave. i think cable can 1.8174 (finish) downside. and future we can target in 1.9156. thx.

[bitrader]

Indicators:
Moving Average 34, Simple, Median Price HL/2
Moving Average of Oscillator 12,26,9 Close
Ichimoku Kinko Hyo 24,60,120
Time: 1 Hour

GBP
The pre-planned breakout variant for sells has been realized but with a loss of several points in attainment of minimal assumed target. OsMA trend indicator having marked the preservation of relative activity parity of both parties gives grounds to presume a possibility of period of range movement of the rate and now taking into account the active stage of bullish development we assume a possibility of attainment of the nearest resistance levels on Senkou Span line and Ichimoku indicator at 1.8520/40, where it is recommended to evaluate the activity development according to the charts of shorter time interval.
For short-term sells on condition of formation of topping signals the targets will be 1.8460/80, 1.8380/1.8400 and/or further breakout variant up to 1.8320/40, 1.8280/1.8300.
An alternative for buyers will be above 1.8610 with the targets 1.8660/80, 1.8720/40, 1.8780/1.8800.

EUR
At 1.4670/90 (Kijun-sen line) it is recommended to evaluate the activity development according to the charts of shorter time interval.
For short-term buyers’ positions on condition of formation of topping signals the targets will be 1.4730/40, 1.4760/80 and/or further breakout variant above 1.4820 with the targets 1.4860/80, 1.4900/20.
An alternative for sells will be below 1.4620 with the targets 1.4560/80

[steve123]

What's going on currently in the market???

• FOMC Minutes: While fragility of the economy is also mentioned in the minutes, the more acute concern is coming through as the inflationary pressures. With a rate hike case for the next round of FOMC rate decision gaining more ground. The current probability given to a 25bp hike on 16th of September, as implied by the Fed Funds Futures, stands at 8%, down from that of 10% a day earlier.

• Pacific Investment Management Co (Pimco) is seeking to buy $5 billion of mortgage-backed dept according to Bloomberg sources. If this is the case it could be interpreted as a positive sign for the mortgage-debt markets as a serious buyer believe that we have seen the bottom here.

• Mixed picture in the Asian stock markets. Japan and Australia are slightly negative while the Hang Seng is up by 0.7%. Better than expected earnings from Woodside lead the explorers and shipping companies higher.

• The USD looks to be on the retreat after falsely breaking key resistance vs. Almost all other currencies yesterday. The USD bulls did not have it their way and we expect a lot to quit on their positions now.

[bitrader]

Indicators:
Moving Average 34, Simple, Median Price HL/2
Moving Average of Oscillator 12,26,9 Close
Ichimoku Kinko Hyo 24,60,120
Time: 1 Hour

GBP
The pre-planned breakout variant for sells has been realized with attainment of assumed targets. OsMA trend indicator having marked the preservation of minimal bearish advantage supports a choice of priorities for planning of short-term sells. Hence taking into account the current ascending direction of indicator chart, we assume a possibility of attainment of the nearest resistance range 1.8410/30, where it is recommended to evaluate the activity development according to the charts of shorter time interval.
For short-term sells on condition of formation of topping signals the targets will be 1.8340/60, 1.8280/1.8300 and/or further breakout variant up to 1.8220/40, 1.8140/60, 1.8060/80.
An alternative for buyers will be above 1.8500 with the targets 1.8540/60, 1.8580/1.8600.


EUR
At supports 1.4760/80 it is recommended to evaluate the activity development according to the charts of shorter time interval.
For short-term buyers’ positions on condition of formation of topping signals the targets will be 1.4820/40 and/or further breakout variant up to 1.4880/1.4900, 1.4920/40. An alternative for sells will be below 1.4680 with the targets 1.4620/40, 1.4580/1.4600.

[bitrader]

Indicators:
Moving Average 34, Simple, Median Price HL/2
Moving Average of Oscillator 12,26,9 Close
Ichimoku Kinko Hyo 24,60,120
Time: 1 Hour

GBP
The pre-planned breakout variant for sells has been realized with attainment of minimal assumed target. OsMA trend indicator having marked general activity fall of both parties originates the presumptions about further movement within short-term descending channel with a risk of situation change in favor of bullish party. Hence we assume a possibility of test of the nearest resistance levels of Ichimoku line along Kijun-sen at 1.8360/80, where it is recommended to evaluate the activity development according to the charts of shorter time interval.
For short-term sells on condition of formation of topping signals the targets will be 1.8300/20, 1.8240/60 and/or further breakout variant up to 1.8180/1.8200.
An alternative for buyers will be above 1.8440 with the targets 1.8480/1.8500, 1.8540/60, 1.8600/20.



EUR
At 1.4800/20 it is recommended to evaluate the activity development according to the charts of shorter time interval.
For short-term sells on condition of formation of topping signals the targets will be 1.4740/60, 1.4680/1.4700 and/or further breakout variant below 1.4660 with the targets 1.4600/20, 1.4560/80.
An alternative for buyers will be above 1.4840 with the targets 1.4880/1.4900.

[bitrader]

Indicators:
Moving Average 34, Simple, Median Price HL/2
Moving Average of Oscillator 12,26,9 Close
Ichimoku Kinko Hyo 24,60,120
Time: 1 Hour

GBP
At resistance range 1.8100/20 it is recommended to evaluate the activity development according to the charts of shorter time interval.
For sells on condition of formation of topping signals the targets will be 1.8020/40, 1.7960/80 and/or further breakout variant up to 1.7900/20, 1.7820/40, 1.7760/80.
An alternative for buyers will be above 1.8200 with the targets 1.8240/60, 1.8300/20.



EUR
At 1.4580/1.4600 it is recommended to evaluate the activity development according to the charts of shorter time interval.
For short-term buyers’ positions on condition of formation of topping signals the targets will be above 1.4740 with the targets 1.4780/1.4800, 1.4840/60, 1.4900/20.
An alternative for sells will be below 1.4560 with the targets 1.4500/20, 1.4440/60, 1.4400/20.

[lazio2008]

hi
plz can you help me . i took buy in gbpusd from 1.8088 and the bid now in 1.8010 plz help me if the gbp go down or up tommorrow plz dont forget
haml1948@yahoo.com