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Intraday Technicals: NZD/USD & GBP/USD Approaching Critical Resistance
Last updated 17 March 2010 09:39 AM ET (GMT -5)
| EUR/USD (Short Term) | | Waiting for new pattern to emerge |
| GBP/USD (Short Term) | | Critical resistance near 1.54
|
| USD/JPY (Short Term) | | Waiting for new pattern to emerge |
| USD/CHF (Short Term) | | Key support at 1.0500 |
| USD/CAD (Short Term) | | Waiting for new pattern to emerge |
| AUD/USD (Short Term) | | Waiting for new pattern to emerge |
| NZD/USD (Short Term) | | significant amount of converging fib resistance near .7200 |
- EUR/USD
- GBP/USD
- USD/JPY
- USD/CHF
- USD/CAD
- AUD/USD
- NZD/USD
EUR/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 | 1.3839 | 127.2% |
| Resistance 2 | 1.3861 | 141.4% |
| Resistance 1 | 1.3893 | 161.8% |
| Current Price | 1.3765 | |
| Support 1 | 1.3749 | 38.2% |
| Support 2 | 1.3728 | 50% |
| Support 3 | 1.3707 | 61.8% |
- 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
Critical resistance near 1.54
| What is the trend? | Down |
| What is this pattern? | Bearish Gartley - See all chart patterns |
| Why is this significant? | converging fib resistance at D increases odds of at least temporary market reversal. failure of this resistance suggests continuation |
| What other indicators or Fib Levels support this thesis? | |
Reason for Strategy
| Resistance 3 | 1.5284 | 127.2% |
| Resistance 2 | 1.5397 | 161.8% |
| Resistance 1 | 1.5574 | 78.6% |
| Current Price | 1.5326 | |
| Support 1 | 1.5003 | 61.8% |
| Support 2 | 1.4945 | 78.6% |
| Support 3 | 1.4871 | 100% |
- Weekly 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.
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
still consolidating
| Resistance 3 | 90.97 | 70.7% |
| Resistance 2 | 91.28 | 78.6% |
| Resistance 1 | 92.14 | 100% |
| Current Price | 90.55 | |
| Support 1 | 89.95 | 38.2% |
| Support 2 | 89.60 | 50% |
| Support 3 | 89.25 | 61.8% |
- 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.
USD/CHF (Intraday Forecast)
Potential Strategy
Key support at 1.0500
| 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 | 1.0574 | 161.8% )previous support now resistance) |
| Resistance 2 | | |
| Resistance 1 | | |
| Current Price | 1.0500 | |
| Support 1 | 200% of XA, 127.2% ABCD (bullish butterfly completion) | 78.6% |
| Support 2 | 1.0423 | 61.8% |
| Support 3 | 1.0294 | 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.
USD/CAD (Intraday Forecast)
Potential Strategy
Waiting for new pattern to emerge
| What is the trend? | Neutral |
| What is this pattern? | Bullish ABCD - See all chart patterns |
| Why is this significant? | fib retracement (BC) immediately followed by fib extension (CD) increases odds of temporary market reversal |
| What other indicators or Fib Levels support this thesis? | |
Reason for Strategy
| Resistance 3 | 1.0282 | 78.6% |
| Resistance 2 | 1.0300 | 78.6%, 127.2% |
| Resistance 1 | 1.0320 | 161.8%, previous resistance |
| Current Price | 1.0105 | |
| Support 1 | 1.0064 | ab=cd |
| Support 2 | 1.0020 | 127.2% ABCD extesnion |
| Support 3 | .9962 | 161.8% ABCD extension |
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? | Bearish Butterfly - See all chart patterns |
| Why is this significant? | converging fib resistance increases odd of temporary market reversal |
| What other indicators or Fib Levels support this thesis? | |
Reason for Strategy
| Resistance 3 | .9239 | 88% |
| Resistance 2 | .9329 | 100% |
| Resistance 1 | .9405 | previous resistance |
| Current Price | .9233 | |
| Support 1 | .9107 | 61.8% |
| Support 2 | .9084 | 78.6% |
| Support 3 | .9055 | 100% |
- 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
significant amount of converging fib resistance near .7200
| What is the trend? | Down |
| What is this pattern? | Bearish Gartley - See all chart patterns |
| Why is this significant? | converging fib resistance increases odds of temporary reversal |
| What other indicators or Fib Levels support this thesis? | 4hr bearish abcd patterns |
Reason for Strategy
| Resistance 3 | .7199 | 61.8% |
| Resistance 2 | .7221 | 161.8% |
| Resistance 1 | .7306 | 78.6% |
| Current Price | .7151 | |
| Support 1 | .7003 | tbd |
| Support 2 | | tbd |
| Support 3 | | tbd |
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.