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Daily Technical Analysis
2007-09-11 02:29:00
Updated On: 8:40 AM (+8 GMT) Tuesday, September 11, 2007GBP-JPYOverall Trend Bias: BearishToday Movement: DownTarget Level 1: 229.47GBP-USDOverall Trend Bias: BearishToday Movement: DownTarget Level 1: 2.0245EUR-USDOverall Trend Bias: BullishToday Movement: UpTarget Level 1: 1.3811EUR-JPYOverall Trend Bias: BearishToday Movement: NeutralTarget Level 1: 156.02 DOWNTarget Level 2: 156.56 UPAUD-USDOverall Trend Bias: BearishToday Movement: NeutralTarget Level 1: 0.8235 DOWNTarget Level 2: 0.8263 UPNZD-USDOverall Trend Bias: BearishToday Movement: UPTarget Level 1: 0.6974Forex Strategies
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Daily Technical Analysis
2007-09-10 00:44:00
Updated On: 6:50 AM (+8 GMT) Monday, September 10, 2007GBP-JPYOverall Trend Bias: BearishToday Movement: DownTarget Level 1: 225.67USD-CADOverall Trend Bias: BearishToday Movement: UpTarget Level 1: 1.0591AUD-USDOverall Trend Bias: BearishToday Movement: NeutralTarget Level 1: 0.8200 DOWNNZD-USDOverall Trend Bias: BearishToday Movement: DownTarget Level 1: 0.6721Forex Strategies
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Daily Technical Analysis
2007-09-07 03:32:00
Updated On: 9:30 AM (+8 GMT) Thursday, September 7, 2007GBP-JPYOverall Trend Bias: BearishToday Movement: NeutralTarget Level 1: 233.90 HIGH/TOPTarget Level 2: 232.14 LOW/BOTTOMUSD-CADOverall Trend Bias: BearishToday Movement: NeutralTarget Level 1: 1.0562 HIGH/TOPTarget Level 2: 1.0511 LOW/BOTTOMEUR/USDOverall Trend Bias: BearishToday Movement: NeutralTarget Level 1: 1.3612 LOW/BOTTOMTarget Level 2: 1.3744 HIGH/TOPGBP-USDOverall Trend Bias: BearishToday Movement: NeutralTarget Level 1: 2.0072 LOW/BOTTOMTarget Level 2: 2.0259 HIH/TOPForex Strategies
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Daily Technical Analysis
2007-09-06 04:16:00
Updated On: 10:20 AM (+8 GMT) Thursday, September 6, 2007GBP-JPYOverall Trend Bias: BearishToday Movement: NeutralTarget Level 1: 233.39 UPTarget Level 2: 232.03 DOWN USD-CADOverall Trend Bias: BearishToday Movement: UpTarget Level 1: 1.0585 Target Level 2: 1.0745Forex Strategies
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Daily Technical Analysis
2007-09-05 03:30:00
Updated On: 9:40 AM (+8 GMT) Wednesday, September 5, 2007GBP-JPYOverall Trend Bias: BearishToday Movement: DownTarget Level 1: 233.59Target Level 2: 232.09GBP-USDOverall Trend Bias: BearishToday Movement: DownTarget Level 1: 2.0135Target Level 2: 2.0082EUR-USDOverall Trend Bias: BearishToday Movement: DownTarget Level 1: 2.3599Target Level 2: 2.3567EUR-JPYOverall Trend Bias: BearishToday Movement: DownTarget Level 1: 157.98Target Level 2: 156.87USD-CADOverall Trend Bias: BearishToday Movement: UPTarget Level 1: 1.0582Target Level 2: 1.0740AUD-USDOverall Trend Bias: BearishToday Movement: UPTarget Level 1: 0.8424Forex Strategies
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Daily Technical Analysis
2007-09-04 08:47:00
GBP-JPY Overall Trend Bias: BearishToday Movement: DownTarget Level 1: 232.33Target Level 2: 228.14 Upside Risk: HighGBP-USDOverall Trend Bias: BearishToday Movement: DownTarget Level 1: 2.0114Target Level 2: 1.9989EUR-USDOverall Trend Bias: BearishToday Movement: DownTarget Level 1: 1.3587Target Advance: 1.3545EUR-JPYOverall Trend Bias: BearishToday Movement: DownTarget Level 1: 157.16Forex Strategies
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USD-CAD Long Term Analysis
2007-08-31 06:41:00
The pair is nicely moving within the boundary of support and resistance range and is expected will not moving out of that range at least for at least a couple of weeks more. Lowest support level at 1.0350 and resistance at 1.0877. The longer term technical analysis for the pair is bias to the up trend movement based on the monthly stochastic indicator. Therefore few months to come there will be huge up trend movement with the long term resistance level at 1.1198 as shown on the candlestick chart.Forex Strategies
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GBP-JPY Analysis
2007-08-29 07:10:00
Short term view of the pair is very volatile moving within strong support and resistance. It is now standing at the very critical support level 232.04 for 4 Hourly time frame. If the support is broken it may move down to the previous support level of 228.15. On the opposite if it does not broken then the it will continue upside movement up to 239.96 weekly resistance level. In the longer-term technical analysis the pair seems to move closer towards the edge of the end of bullish trend. If this month second stick able to withstand the bull power and another month third candlestick follow, then all the way will be bearish for the next two months period. Looking at the 4 hourly candlestick chart that is the current position right now and the possibility of moving up or down to the previous resistance and support are still in 50:50 chances.However the weekly candlestick favor upside movement compare therefore even though in the consequence stage the 4 Hourly moving downwards. There mayb...
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Next Week Technical Analysis
2007-08-25 17:41:00
GBP-JPY The pair seems to reach its critical resistance level. At this point it is going to be tough to move further upwards but it is not impossible as the movement depends on who will be the strongest either the bull or the bear. If this resistance is broken then further huge upside movement will continue and if not then the bear will control the downside back to its original support level as shown in the chart. So this is the critical moment, either moving up or down will depend on which side is the strongest.Likewise the movement is going to be very identical to the EUR-JPY, EUR-USD, and GBP-USD.Forex Strategies
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Daily Analysis
2007-08-23 10:02:00
It seems that the Pound and EURO is set to go up as the economic data from the region is getting better. Therefore the possibility for the GBP-JPY pair to go up higher is very strong. However there are still high risk to the downside as the downturn cycle is not yet over. So if the pair is to go up higher then the possible target should reach as high as 235.03 approximately 400 pips from the current position.GBP-JPYForex Strategies
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Understanding Support & Resistance
2007-08-18 18:29:00
One of the most important basic knowledge that every traders of should know is the theory of support and resistance. In the economic context support and resistance actually based on the theory of supply and demand.Support Support is the price level at which demand is thought to be strong enough to prevent the price from declining further. The logic dictates that as the price declines towards support and gets cheaper, buyers become more inclined to buy and sellers become less inclined to sell. By the time the price reaches the support level, it is believed that demand will overcome supply and prevent the price from falling below support.Support does not always hold and a break below support signals that the bears have won out over the bulls. A decline below support indicates a new willingness to sell and/or a lack of incentive to buy. Support breaks and new lows signal that sellers have reduced their expectations and are willing sell at even lower prices. In addition, buyers could not...
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Daily Analysis Review
2007-08-16 16:10:00
GPB-JPY After hard fought battle between the bear and bull at last the bull gave up allowing the bear to ride on roller coaster further deep down to the expected level of 225.23 that makes the total of +1000 pip (approximately 1000% of profit within a week) and more. At this stage another tough resistance for the bear to move further down, and at the same time this might be favorable for the bull. If the fundamental initiating this, then it the favor will belong to the bull.This trend happened similarly to those pair that associated with GBP-JPY movement such as GBP-USD, EUR-USD, AUD-USD, NZD-USD, EUR-JPY, and AUD-JPY. Take a look at weekly candlestick chart of the GBP-JPYForex Strategies
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High Volatility for Pound Sterling
2007-08-09 11:58:00
The UK market is in high volatility against the two major currencies USD and JPY. This is very tricky situation for everyone as the direction is very uncertain. If anyone get caught inside the trade and moving the wrong direction not as expected then it will wipe all your money lol. Especially GBP-JPY pair which moves ups and downs around 400 pips which very scary. This indication shows that the US and Japan's Economy start to picking up and the slow down in the UK economy. This is where the danger lies for beginners who trade the pair.Pressure level at which the chart moving ups and downs is the level where buyers and sellers are equally powerful at the moment. Some analyst predicted that this could lead to sideway trending pattern.High volatility for GBP-JPY minimum movement +100 pips and maximum up +500 pips within hours not including small scale retracement.Forex Strategies
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USD-CAD Future Direction
2007-08-05 10:00:00
At last the USD-CAD pair has shown a bullish indication after for so many months traders has been waiting for. However as you can notice there are still obstacles especially the fundamental factors that slow down the movement upside. If there are no less obstacles the pair would have been spiking ups without mercy. Despite of the initial bullish, careful analysis has to be taken care off especially the fundamental factors. Because this pair has been for so long going down, until that the bear power is almost irrestistable in order to turn it to the bullish.Based on the candlestick monthly chart, stochastic slow (setting 5-3-3) is already initiating upsides. This indicate that the US economy might be good in the coming months, years to come.Forex Strategies
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Daily Technical Analysis
2007-08-04 16:45:00
GBP-JPYHigh possibility of the pair to go further downwards continuing the weekly stochastic. It will be a huge sliding if it does going down which can take as much as 1290 pips not including small corrections. Take this chances because you can earn 1000% of your money traded. Before start trading down take not of the upside risk too.GBP-USDThis pair possibly move further upside. But just be careful sudden downside is also likely to happen.Forex Strategies
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Yesterday Post Analysis
2007-08-04 04:53:00
It was very dangerous situation for trading in yesterday August 3, 2007. Most of the traded pairs such as GBP-JPY, GBP-USD, GBP-CHF, USD-CAD, EUR-JPY were all showing uncertain direction based on stochastic chart for 4 hourly time frame. Only one pair was look more certain than the rest which is EUR-USD. And indeed it was going up well and at the same time will continue upside long-term bullish. Therefore i did not trade any pair yesterday because most them were uncertain. GBP-JPYForex Strategies
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Most Traded Pair - GBP-JPY
2007-08-01 12:53:00
GBP-JPY has now become the only most traded pair compare to any other pairs. 4 Hourly chart movement can go around 200 to 500 pips not including corrections. Check out my pips earning to scalp around the GBP-JPY pairs using hourly and 15 minutes chart.Trading Platform: MarketivaForex Strategies
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GBP-JPY daily analysis
2007-08-01 00:19:00
Indeed as expected the pair is now heading downwards back to the previous support level. There is a potentially strong indication that it is going to move beyond the previous support level as weekly stochastic shows that downwards movement is still intact. Check out the candlestick chart below for weekly and 4 Hourly time frame.GBP-JPY 4 Hourly Chart.GBP-JPY Weekly ChartNow the problem is that there is a potential possibility to go down further, since the weekly stochastic still moving strong downside. However based on the daily chart stochastic the possibility to go up also possible. At this point estimate the risk you are willing to take in order to minimize losses and maintain your gainsForex Strategies
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GBP-JPY
2007-07-31 12:43:00
It seems that the GBP-JPY pair one more downside is imminent before going straight right up and that level of downside can be as far as 239.20 previous low. As you can notice 4 hourly stochastic is already initiating downwards movement reaching at the top. If not then it should be moving higher to 245.74.Forex Strategies

Daily Technical Analysis
2007-07-30 05:05:00
GBP-JPYThe overall trend line for this pair represent all bearish. However along the week there might be major correction taking place before it is moving further downside. This correction is supported by the daily stochastic slow is already near ends of the bottom ground. Therefore major correction should be taking place.GBP-USDThe pair is still moving downwards slowly but it is awaiting a major reversal of trend upside when the stochastic slow is reaching the bottom. There will be big turning point to upside again.EUR-USD, EUR-JPYSo far the EURO is weaker compare to the GBP against the US dollar. However the moving between EUR-USD and GBP-USD still slightly identical, therefore whatever where ever one of the them goes one will follow and it is the same with EUR-JPY and GBP-JPY.Happy tradingForex Strategies
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