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Intraday Technicals: EUR/USD Bearish Below 1.3570
Last updated 09 March 2010 09:47 AM ET (GMT -5)
| EUR/USD (Short Term) | | key support near 1.35 (bullish gartley completion) |
| GBP/USD (Short Term) | | testing 61.8% suport near 1.4940. room up to 1.5034, 1.5096. |
| USD/JPY (Short Term) | | Waiting for new pattern to emerge |
| USD/CHF (Short Term) | | Watching for key resistance near 1.0840 (bearish gartley & trendline resistance). |
| USD/CAD (Short Term) | | Waiting for pattern to emerge |
| AUD/USD (Short Term) | | Waiting for new pattern to emerge |
| NZD/USD (Short Term) | | Waiting for new pattern to emerge |
- EUR/USD
- GBP/USD
- USD/JPY
- USD/CHF
- USD/CAD
- AUD/USD
- NZD/USD
EUR/USD (Intraday Forecast)
Potential Strategy
key support near 1.35 (bullish gartley completion)
| What is the trend? | Neutral |
| What is this pattern? | Bullish Gartley - See all chart patterns |
| Why is this significant? | converging fib resistance near D increases odds of temporary market reversal |
| What other indicators or Fib Levels support this thesis? | |
Reason for Strategy
| Resistance 3 | 1..3572 | stop above morning high |
| Resistance 2 | 1.3601 | 38.2% |
| Resistance 1 | 1.3621 | 50% |
| Current Price | 1.3553 | |
| Support 1 | 1.3498 | 78.6%, AB=CD (bullish gartley pattern completion at D) |
| Support 2 | 1.3433 | previous support at X |
| Support 3 | 1.3351 | 127.2% of XA |
- Daily Chart -
- 2hr Chart -
DISCLAIMER: The information provided below should not be relied upon as a substitute for extensive independent research before making your investment decisions. FX360 .com is merely providing these views for your general information. The information presented in the views below does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. In addition, any projections or views of the market provided by the authors may not prove to be accurate.
FX360.com and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained on FX360.com
NOTE: All trade ideas on FX360.com are hypothetical. FX360.com has not placed these ideas in a live trading environment. Forex Trading involves high risks, with the potential for substantial losses that exceed your initial deposit and is not suitable for all persons. Past performance is not necessarily indicative of future results.
GBP/USD (Intraday Forecast)
Potential Strategy
testing 61.8% suport near 1.4940. room up to 1.5034, 1.5096.
| What is the trend? | Up |
| What is this pattern? | Bullish Butterfly - See all chart patterns |
| Why is this significant? | converging fib support at D increases odds of at least temporary market reversal. failure of this support suggests continuation down to next level of converging support near 1.4980-1.4950 |
| What other indicators or Fib Levels support this thesis? | |
Reason for Strategy
| Resistance 3 | 1.5034 | 38.2% |
| Resistance 2 | 1.5065 | 50% |
| Resistance 1 | 1.5096 | 61.8% |
| Current Price | 1.4979 | |
| Support 1 | 1.4940 | 61.8% |
| Support 2 | 1.4871 | 78.6% |
| Support 3 | 1.4782 | 100% |
- Weekly Chart -
- 2hr Chart -
DISCLAIMER: The information provided below should not be relied upon as a substitute for extensive independent research before making your investment decisions. FX360 .com is merely providing these views for your general information. The information presented in the views below does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. In addition, any projections or views of the market provided by the authors may not prove to be accurate.
FX360.com and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained on FX360.com
NOTE: All trade ideas on FX360.com are hypothetical. FX360.com has not placed these ideas in a live trading environment. Forex Trading involves high risks, with the potential for substantial losses that exceed your initial deposit and is not suitable for all persons. Past performance is not necessarily indicative of future results.
USD/JPY (Intraday Forecast)
Potential Strategy
Waiting for new pattern to emerge
| What is the trend? | Neutral |
| What is this pattern? | No pattern present - See all chart patterns |
| Why is this significant? | |
| What other indicators or Fib Levels support this thesis? | |
Reason for Strategy
| Resistance 3 | 89.46 | 38.2% |
| Resistance 2 | 89.62 | 50% |
| Resistance 1 | 89.78 | 61.8% |
| Current Price | 89.07 | |
| Support 1 | 89.92 | 61.8% |
| Support 2 | 89.31 | 78.6%/50% |
| Support 3 | 88.28 | 61.8% |
DISCLAIMER: The information provided below should not be relied upon as a substitute for extensive independent research before making your investment decisions. FX360 .com is merely providing these views for your general information. The information presented in the views below does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. In addition, any projections or views of the market provided by the authors may not prove to be accurate.
FX360.com and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained on FX360.com
NOTE: All trade ideas on FX360.com are hypothetical. FX360.com has not placed these ideas in a live trading environment. Forex Trading involves high risks, with the potential for substantial losses that exceed your initial deposit and is not suitable for all persons. Past performance is not necessarily indicative of future results.
USD/CHF (Intraday Forecast)
Potential Strategy
Watching for key resistance near 1.0840 (bearish gartley & trendline resistance).
| What is the trend? | Neutral |
| What is this pattern? | Bearish Gartley - See all chart patterns |
| Why is this significant? | converging fib resistance near D increases odds of temporary market reversal |
| What other indicators or Fib Levels support this thesis? | bear trendline |
Reason for Strategy
| Resistance 3 | 1.0808 | 100% |
| Resistance 2 | 1.0840 | 78.6%, 127.2% |
| Resistance 1 | 1.0890 | 161.8%, previous resistance at X |
| Current Price | 1.0773 | |
| Support 1 | 1.0754 | 38.2% |
| Support 2 | 1.0739 | 50% |
| Support 3 | 1.0702 | 61.8% |
DISCLAIMER: The information provided below should not be relied upon as a substitute for extensive independent research before making your investment decisions. FX360 .com is merely providing these views for your general information. The information presented in the views below does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. In addition, any projections or views of the market provided by the authors may not prove to be accurate.
FX360.com and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained on FX360.com
NOTE: All trade ideas on FX360.com are hypothetical. FX360.com has not placed these ideas in a live trading environment. Forex Trading involves high risks, with the potential for substantial losses that exceed your initial deposit and is not suitable for all persons. Past performance is not necessarily indicative of future results.
USD/CAD (Intraday Forecast)
Potential Strategy
Waiting for pattern to emerge
| What is the trend? | Neutral |
| What is this pattern? | No pattern present - See all chart patterns |
| Why is this significant? | |
| What other indicators or Fib Levels support this thesis? | |
Reason for Strategy
| Resistance 3 | 1.0563 | 38.2% |
| Resistance 2 | 1.0585 | 50% |
| Resistance 1 | 1.0608 | 61.8% |
| Current Price | 1.0526 | |
| Support 1 | 1.0487 | 61.8% |
| Support 2 | 1.0435 | 78.6% |
| Support 3 | 1.0285 | 12 |
- Daily Chart -
- 4hr Chart -
DISCLAIMER: The information provided below should not be relied upon as a substitute for extensive independent research before making your investment decisions. FX360 .com is merely providing these views for your general information. The information presented in the views below does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. In addition, any projections or views of the market provided by the authors may not prove to be accurate.
FX360.com and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained on FX360.com
NOTE: All trade ideas on FX360.com are hypothetical. FX360.com has not placed these ideas in a live trading environment. Forex Trading involves high risks, with the potential for substantial losses that exceed your initial deposit and is not suitable for all persons. Past performance is not necessarily indicative of future results.
AUD/USD (Intraday Forecast)
Potential Strategy
Waiting for new pattern to emerge
| What is the trend? | Neutral |
| What is this pattern? | No pattern present - See all chart patterns |
| Why is this significant? | |
| What other indicators or Fib Levels support this thesis? | |
Reason for Strategy
| Resistance 3 | .7012 | 78.6% |
| Resistance 2 | .9143 | 127.2% |
| Resistance 1 | .9237 | 161.8% |
| Current Price | .8965 | |
| Support 1 | .8929 | 38.2% |
| Support 2 | .8904 | 50% |
| Support 3 | .8879 | 61.8% |
- Daily Chart -
- 1hr Chart -
DISCLAIMER: The information provided below should not be relied upon as a substitute for extensive independent research before making your investment decisions. FX360 .com is merely providing these views for your general information. The information presented in the views below does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. In addition, any projections or views of the market provided by the authors may not prove to be accurate.
FX360.com and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained on FX360.com
NOTE: All trade ideas on FX360.com are hypothetical. FX360.com has not placed these ideas in a live trading environment. Forex Trading involves high risks, with the potential for substantial losses that exceed your initial deposit and is not suitable for all persons. Past performance is not necessarily indicative of future results.
NZD/USD (Intraday Forecast)
Potential Strategy
Waiting for new pattern to emerge
| What is the trend? | Neutral |
| What is this pattern? | Bullish Butterfly - See all chart patterns |
| Why is this significant? | converging fib support near D increases odds of at least a temporary market reversal. |
| What other indicators or Fib Levels support this thesis? | |
Reason for Strategy
| Resistance 3 | .7012 | 78.6% |
| Resistance 2 | .7114 | 127.2% |
| Resistance 1 | .7199 | 61.8% on daily |
| Current Price | .6959 | |
| Support 1 | .6933 | 50% |
| Support 2 | .6913 | 61.8% |
| Support 3 | .6884 | 78.6% |
- Daily Chart -
- 4hr Chart -
DISCLAIMER: The information provided below should not be relied upon as a substitute for extensive independent research before making your investment decisions. FX360 .com is merely providing these views for your general information. The information presented in the views below does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. In addition, any projections or views of the market provided by the authors may not prove to be accurate.
FX360.com and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained on FX360.com
NOTE: All trade ideas on FX360.com are hypothetical. FX360.com has not placed these ideas in a live trading environment. Forex Trading involves high risks, with the potential for substantial losses that exceed your initial deposit and is not suitable for all persons. Past performance is not necessarily indicative of future results.
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The information, including Commentary and Trade Ideas, provided on FX360.com should not be relied upon as a substitute for extensive independent research which should be performed before making your investment decisions. Global Forex Trading and FX360 .com is merely providing this information for your general information. The information and opinions presented do not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. Any projections or views of the market provided by FX360.com may not prove to be accurate.
The views of the authors and analysts are not necessarily those of Global Forex Trading, its owners, officers, agents or other employees. FX360.com and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained on FX360.com. Global Forex Trading and the currency research team do not render investment, legal, accounting, tax, or other professional advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be sought.