http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-08.v06.htmlEUR/USD 1.3270 is the break point on the Euro...and we have nudged 1.3266 overnight..so not much more to go. We are looking overbought on the 60 min charts...and this may well limit the topside until these indicators have eased...The market need not go lower...we could go sideways and still promote easing of the overbought scenario. Now short term we see a little flag/pennant formation, this is a bullish pattern and the measured target off this patter is 1.3440...just something to bear inWed, 08 Feb 2012 05:41:04 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-08.v06.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-08.v05.htmlGBP/USD Cable held onto 1.5790 yesterday and buyers have taken us higher to 1.5905. There is a case for further strength this morning...and we see 1.5940/50 as a good place to take profits on long positions. We look for the market to top out at the 1.5950 area as this is the 76.8% med term fib level and as such we should see sellers back in the market. We would like to see a retracement down to 1.5860/40 from these highs and we would then be in a good position to cover all shorts. Now thisWed, 08 Feb 2012 05:31:57 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-08.v05.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-08.v04.htmlUSD/JPY Usd/Jpy has reacted well and we have nearly reached our first target of 7715. As stated yesterday we would be looking to cover longs around this point ...However we do still look strong from the charts and technical data is positive so we maintain policy of buying into short term weakness… We see 7680 as a good interim support level now...and we will buy dips to here and we would only reverse if we lost 7645. Now a break above 7715 has further bullish implications and we would see theWed, 08 Feb 2012 04:59:03 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-08.v04.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-08.v03.htmlUSD/CHF $CHF came lower breaking 9165 which triggered a move to the 9120/9110 support which has held thus far. If we can maintain above this support we have a good chance of trading higher to 9165/70 initially but with greater potential for 9205. Here we would be taking profits on longs and attempting small shorts once more.. We would keep stops on shorts on a break of 9230. Now if we see this lose 9110 we would be looking at the 50% med term fib level of 9080. We would advise any sellers onceWed, 08 Feb 2012 04:46:26 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-08.v03.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-08.v02.htmlDollar Canada No change in this market.. Canada came lower but held above 0.9910 and this should help the market correct higher today. Below 0.9910 is 0.9885 and this will also prove to be good support. We turning bullish on the technical data on the med term charts and this may also help to buoy prices now... We also have the 55 weekly M/A coming in at 0.9910 so between these 2 prices is where we would like to see the market base.. We would look for a move back towards 1.0040 to 1.0075. HereWed, 08 Feb 2012 04:42:14 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-08.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-08.htmlAustralian Dollar Aussie has maintained strength ...but still did not break 1.0840 therefore we would still be holding shorts looking for another move lower towards 1.0690. We would view to cover all shorts to these lower levels. Attempt small longs looking for the market to recover...and we see recovery back towards 1.0795/1.0820. Again we cover longs to here. Apply the same strategy of re-selling this market...again keeping stops above 1.0840. Now if we do exceed 1.0840 you will find sellersWed, 08 Feb 2012 04:38:17 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-08.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-07.v06.htmlEUR/USD There is nothing much I can add to this report...as Euros are staying within a range...which is helping to alleviate the overbought conditions on the daily charts..We have excellent support in the 1.3015/10 area1.3015/10 area...and this will be the key.. If the market declines initially...we will look for this support to hold if we are to complete this basing pattern… We would then expect the market to rise off this support and once more we are looking to 1.3240 as key resistance onTue, 07 Feb 2012 06:42:12 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-07.v06.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-07.v05.htmlGBP/USD Cable came lower to 1.5725 before buyers came back into the market... Now we do need to trade and hold above 1.5860 if we are to see any further strength. Failure to do so will result in the market coming lower and we would be able to see this push lower this week for 1.5695/80 to 1.5640. A move to these lower region will ease the overbought conditions on the daily charts. However if we take a look at the weekly charts we can see that although technical indicators still point higher,Tue, 07 Feb 2012 06:05:53 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-07.v05.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-07.v03.htmlDollar Canada Canada came lower but held above 0.9910 and this should help the market correct higher today. Below 0.9910 is 0.9885 and this will also prove to be good support. We are beginning to be oversold on the med term charts and this may also help to buoy prices in the not too distant future.. We also have the 55 weekly M/A coming in at 0.9910 so between these 2 prices is where we would like to see the market base.. We would look for a move back towards 1.0040 to 1.0075. Here we wouldTue, 07 Feb 2012 05:06:43 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-07.v03.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-07.v02.htmlAustralian Dollar Aussie has seen a sharp bounce overnight...but the rally did not break 1.0840 therefore we would still be holding shorts looking for another move lower towards 1.0690. we would view to cover all shorts to these lower levels. Attempt small longs looking for the market to recover...and we see recovery back towards 1.0795/1.0820. Again we cover longs to here. Apply the same strategy of re-selling this market...again keeping stops above 1.0840. Now if we do exceed this resistanceTue, 07 Feb 2012 04:54:40 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-07.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-07.htmlUSD/CHF $CHF reacted well yesterday..coming down to 9170 thus keeping you long. We are still looking at a small basing pattern on the 60 min charts and therefore we are looking at 9255 to 9285 as a good intra day target for Usd/Chf… We would expect buyers to cover longs to here. Also we would like to see sellers coming back in the market and they will and they will hold unless we break above 9360. Only if we break this important fib level will buyers come back into the market and they will beTue, 07 Feb 2012 04:30:24 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-07.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-06.v05.htmlUSD/CHF $CHF basing in the 60 min chart...and we have travelled higher and reached 9265 just blipping the short term 61.8 fib level...This afternoon then we look for the market to edge a little lower possibly the 9230/9200 and here we would be looking to buy this dollar once more.. We will keep stops below 9170 which offers the days lows thus far. So we do expect strength after this as the daily charts are showing for the market to move higher...If we exceed 9288 we will be on our way to 8340Mon, 06 Feb 2012 16:25:41 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-06.v05.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-06.v04.htmlEUR/USD Euros have excellent support in the 1.3015/10 area1.3015/10 area...and this will be the key.. If the market declines initially...we will look for this support to hold if we are to complete this basing pattern… We would then expect the market to rise off this support and once more we are looking to 1.3240 as key resistance on the topside...If we manage to hold 1.3005 and trade higher we still have the inverse H&S pattern to negociate this week...The break point on the topside isMon, 06 Feb 2012 06:09:23 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-06.v04.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-06.v03.htmlGBP/USD Cable failed to maintain over 1.5820 after hitting 1.5860. Now we do need to trade and hold above 1.5820 if we are to see any further strength. Failure to do so will result in the market coming lower and we would be able to see this push lower this week for 1.5695/80 to 1.5640. A move to these lower region will ease the overbought conditions on the daily charts. However if we take a look at the weekly charts we can see that although technical indicators still point higher, we are inMon, 06 Feb 2012 05:50:05 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-06.v03.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-06.v02.htmlDollar Canada Canada is looking weaker now and we can see this coming lower for 0.9885 quite quickly.This area is the med term 0.618 fib level and as such it is liable to offer some respite form the recent downward move. We are beginning to be oversold on the med term charts and this may also help to buoy prices in the not too distant future.. We also have the 55 weekly M/A coming in at 0.9910 so between these 2 prices is where we would like to see the market base.. We would look for a moveMon, 06 Feb 2012 05:06:21 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-06.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-06.htmlAustralian Dollar Aussie slightly oversold in the short term...so we may well see a small bounce early in the session. However..med term technical indicators have turned negative and therefore we look for any bounce to be sold into. 1.0790/95 remains at present good resistance and we would view any challenge on this area as a place to re-sell. We would keep stops then above 1.0840. 1.0650 is looking the area where we should start to see a little profit taking. However as stated the med termMon, 06 Feb 2012 04:39:49 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-06.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-03.v02.htmlEUR/USD Euros are actually holding steady at the moment...and although we may trade lower...there is excellent support at the 1.3015/10 area. Now the pattern that has been emerging this week is that of an inverse Head and Shoulder..Now this is not confirmed...but it is something that as a chartist I am on the look out for….confirmation will be a break of 1.3270. This will see the neckline and the med term 38% fib level breached and then we will find buyers coming back into the market. TheFri, 03 Feb 2012 06:03:34 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-03.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-03.htmlGBP/USD Cable retreated from the highs and closed lower yesterday...overnight we have seen this weakness persist seeing lows of 1.5785. So this morning we are looking at 1.5820 to determine direction. If we can break and hold above here there is no reason we cannot challenge the recent highs. We do need however to keep our eyes on the overbought condition of the daily charts. We would expect another test of 1.5885 if we can make the break and we would cover longs to here.. Re-instate longsFri, 03 Feb 2012 05:32:50 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-03.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-02.v02.htmlEUR/USD Euros bounded back after holding 1.3020….It has gone higher than expected at 1.3220...but again..we really haven't yet broken through any significant resistance on the topside which still pushes me to a lower Euro…. We have excellent resistance at 1.3245...and although the market does look strong...we should get carried away with the herd unless we see a break of 1.3270...If we do break this resistance then buyers will be back in the market...sellers will be reversing and stopping outThu, 02 Feb 2012 06:20:43 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-02.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-02.htmlGBP/USD Cable sliced through 1.5812 as though it did not exist and up we charged to 1.5885. we have eased back from the highs a bit...but whilst we remain above 1.5812 even with overbought conditions the market should remain buoyant. We would expect another test of 1.5885 and we cover to here.. Re-instate longs then either on dips to 1.5820 or a break of 1.5890. If above 1.5890 we see further strength emerge with 1.5940/50 then the short term objective. Given yesterdays move we see someThu, 02 Feb 2012 06:04:16 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-02.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-01.v02.htmlEUR/USD Euros have been driven lower after the failure at 1.3240. This move has eased the overbought conditions on the 60 min charts but has made no dent in the daily overbought scenario...The important point to note today is that the 60 min charts have made a Head and Shoulder pattern...This pattern is negative and the neckline is at 1.3100...Unless we break back above 1.3130 we are going to see further weakness follow through and we would then be left with a measured target of 1.2960. ThisWed, 01 Feb 2012 05:54:21 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-01.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-01.htmlGBP/USD Cable did trade higher and we broke to target of 1.5790 reaching 1.5795. Now we have tripled topped on the 60 min charts at this exact level therefore we would look for corrective pressure to kick in early in the session… We would advocate staying short of this market...and we will hold shorts unless a break above 1.5825 occurs…1.5812 is the 61.8% med term fib level...therefore excellent technical resistance especially in this overbought market.. Obviously we have support in the 1.5735Wed, 01 Feb 2012 05:10:40 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-02-01.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-31.v02.htmlGBP/USD Cable again testing 1.5740. We are now overbought on the 60 min charts as well as the daily ones and this should be enough to cap at 1.5740 today. We will attempt short to here..but we are leaving pretty tight stops as a break of 1.5760 will lead us higher for 1.5790/1.5812. Given the overbought conditions on the daily charts we would expect the sellers in at these higher levels to cap and to provoke a significant move lower..… We have support at 1.5680. If we fail to hold onto thisTue, 31 Jan 2012 05:51:51 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-31.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-31.htmlEUR/USD Euros are showing overbought condition now on the daily and 60 min charts and therefore at this point we would still be sellers o short term strength… We have the 1.3210/1.3240 area that will offer protection for the sellers, and therefore we would sell any level to 1.3200 and put stops just above the 1.3270 point. This should be enough on the topside for stops to be activated at 1.3245…. Now if we do break and hold above 1.3270 we look for 1.3325/35 resistance to entice...but thisTue, 31 Jan 2012 05:43:57 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-31.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-30.v02.htmlGBP/USD Cable hit 1.5740 and has failed initially. We look oversold on the 60 min charts and yet have only come down by 40 pips therefore we may well see another go at the 1.5740 resistance early in the session. We will attempt short to here..but we are leaving pretty tight stops as a break will lead us higher for 1.5790/1.5812. This would ease the oversold conditions on the daily charts and leave us well placed to come a bit lower… We have support at 1.5680. If we fail to hold onto thisMon, 30 Jan 2012 06:22:18 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-30.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-30.htmlEUR/USD Euros had a sharp move higher Friday, but we failed to make a break above significant resistance at 1.324. As we have failed at this 38% med term fib level we would still be looking for the market to come lower. We are overbought med term, although short term 60 min charts are oversold...so we look for early strength, again holding in the 1.3220/40 region and here we are sellers once more and we would hold unless we broke 1.3270. A break of this resistance would leave us lookingMon, 30 Jan 2012 05:45:27 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-30.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-27.v02.htmlGBP/USD Cable pulled back after hitting 1.5735, but has not really made any impact on the downside before heading higher.. We are overbought on the med term charts, but not on the 60 min,, suggesting that we can trade towards 1.5735 possibly 1.5790 before finding a top. We would begin to take profits on rallies to these higher levels and we would attempt shorts given the overbought conditions of the charts… we would keep stops then above 1.5825. Now if we fail again in the 1.5735 area takeFri, 27 Jan 2012 08:20:04 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-27.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-27.htmlEUR/USD Both the med and short term charts are calling for a downward move today after failing to break 1.3185. As we have failed in this region we see on the 60 min charts and small H&S top and this top leaves a measured target of 1.2978 which co-incides with the short term 61.8 fib retracement target of 1.2975. So it all points to a downward move early in the session and would sell strength unless we broke 1.3245. We cover initially in the 1.3020/10 area as this has proved to be a goodFri, 27 Jan 2012 07:34:49 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-27.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-26.v02.htmlGBP/USD Cable ignored 1.5626 yesterday and headed higher for the med term 50% level of 1.5682, reaching 1.5678. Now this 50% fib level is quite important and already we have seen profit taking. We may well see further weakness early in the session with 1.5620 to 1.5580 calling this lower. Here we would advise shorts to be covered. We would attempt very small longs, but keep stops really tight as a break of 1.5560 would see the emphasis shift a little to the downside with 1.5460 then targeted.Thu, 26 Jan 2012 06:37:22 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-26.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-26.htmlEUR/USD Euros broke higher yesterday, and blasted through to 1.3120. We have good resistance at 1.3145 and this will be the key to today's trading range. If we cannot break above here we will see the market come back to 1.3010 area. We would be looking to cover all short positions to here. Also go long on weakness to this point, as the market seems to be shrugging off overbought conditions and going with other bullish indicators like the MACD and moving averages. Any longs to 1.3010 are to beThu, 26 Jan 2012 05:30:39 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-26.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-25.v02.htmlEUR/USD Euros remain looking overbought, but we cannot sell at these higher levels unless we place our stops too far away...we would like for the market to come lower back below 1.2995 and this would send a signal to the market that we are in for another leg lower… However we do have the MACD that is beginning to turn higher, so we are seeing a conflict in the med term technical indicators...Moving averages are beggining to turn positive as well...so the safest way to play this is to sellWed, 25 Jan 2012 06:36:29 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-25.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-25.htmlGBP/USD Cable has broken higher overnight through to 1.5626. We have eased slightly...and the med term charts have just turned negative which should leave 1.5626 as a good top over the next few sessions. Obviously a move back below 1.5580 would create environment for sellers to feel a little more confident and we would then see the market decline down towards 1.5460/50 which would be quite a good retracement in this market. We should see buyers come in at these lower levels, but they will onlyWed, 25 Jan 2012 06:21:11 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-25.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-24.v02.htmlGBP/USD Cable reached target of 1.5590 and all longs were covered for a profit. This was and still is good resistance and unlikely to break easily under the current market overbought conditions...although has yet we have not seen a turn in these indicators....but we are very nearly at a top. We have some good support located at 1.5495 to 1.5460 and we would be buying the market if we came as low as this...we would keep stops then below 1.5420. Now if we can push above 1.5600 we would beTue, 24 Jan 2012 05:38:45 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-24.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-24.htmlEUR/USD Euros are beginning to look a little overbought on the med term charts now, and yesterday we have seen the technical indicators converge at 97%. Today then we should see pullbacks and we are looking at the market coming lower to correct the overbought scenario. We need to see at least 1.2935 possibly 1.2880 and a move towards here would ease the overbought conditions. Now....although we have seen the market rise from 1.2630 to 1.3055 the move higher is seen purely as a correction, andTue, 24 Jan 2012 05:23:19 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-24.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-23.v02.htmlGBP/USD Cable has edged lower overnight but is still holding onto some good support...We have resistance located at 1.5580/90 from 38% med term fib level. We would be looking to take profits here as we may well correct lower from this resistance. However we have some good support located at 1.5495 to 1.5460 and we would be buying the market is we came as low as this...we would keep stops then below 1.5420. Now if we can push above 1.5590 we would be looking at the market coming higher forMon, 23 Jan 2012 07:02:58 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-23.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-23.htmlEUR/USD Euros topped at 1.2985 on Friday and we have seen weakness follow through last night. However we have held at the short term 38% fib level of 1.2847 and whilst we hold above here there is scope once more to trade higher. We have resistance in the 1.2935 area and if we can clear this we can trade towards the 1.2985 possibly 1.3010 resistance once more. We would at this point be looking to cover all longs. We would attempt small shorts at these higher levels, but keep a tight stop aboveMon, 23 Jan 2012 06:18:32 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-23.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-20.htmlEUR/USD Euros should now head to 1.3010/15 after breaking 1.2890.. We would expect a bit of profit taking here and therefore we would expect sellers also to come back into the market looking to drive this a little lower. We have the break point of 1.2890 to 1.2850 which should offer good support and we would expect to see buyers back in here for a short term profit.. However we would not be expected to hold longs if back below 1.2820. As stated 1.3010/15 is excellent resistance. Now if weFri, 20 Jan 2012 05:55:23 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-20.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-20.v02.htmlGBP/USD Cable broke through some good resistance yesterday, but this was to be expected given the technical indicators turned bullish for the market...Now we have stalled at 1.5495 and if we fail to break through early in the session we will see small pullbacks to the break point of 1.5460/50. Buyers may well come in at these lower levels or wait and see if we can manage to get down to 1.5420/1.5395. Whilst we are in this slightly more positive technical territory we would still aim to buyFri, 20 Jan 2012 06:13:56 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-20.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-19.v02.htmlGBP/USD Cable has excellent technical resistance at 1.5450/60 and we will be seeing buyers taking profits here. Technical indicators have turned positive for Cable, so at the moment we would be looking to buy into weakness any level down to the 1.5360/30 area. We would expect this support to hold under current market conditions and we should be able to safely instate longs, however we keep a tight stop on the position. If we lose 1.5300 we see short term spike to 1.5245 but this should be theThu, 19 Jan 2012 06:06:52 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-19.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-19.htmlEUR/USD Euros broke sharply higher yesterday although they have not yet reached our stop level of 1.2890. Only a break above here would see the sellers run for cover and buyers back in the market. We would then be able to push forward for the first med term fib level of 1.3010. Now if we stall in the 1.2880/90 area take this as a sign of weakness and hold shorts looking for a break back below 1.2820 for 1.2750/20 area. Here we would cover shorts. We would apply longs, again keeping stops belowThu, 19 Jan 2012 05:44:36 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2012-01-19.html