Aud/usd system analysis

AUD / USD Tested .8633 last week confirming strong support at this area, since it has been going up and trending between support and resistance, what I see for next move up is .8936-.8939 which short from there to .8871 again, as long as .8871 hold, we are going up to .9070, if break under .8871 the target we have to look for is .8800

The up move for the Euro was terminated at 1.30 area, before .382 of the down move from 1.51 area, this prove the down side will continue if stayed under 1.2650 area. take a look at the weekly chart. If euro able to close above 1.3016 on the 4h chart, the next area to look for is 1.33 and 1.36.

It has been a while since i made a comment on EJ

Ej has made 3 drive down as shown on the 8H chart, usually after the third leg we look for correction from support point, and as shown on the chart, the third leg down ended at the 107 area which provide the bottom support, and retrace back up to 113.40 area the top of resistance, the new support we have to look for is 110.68-109.80, with focus on 111.82 which will act as indication to take a short under it or go long if we stay above it on the 1H chart. Just keep in mind the market is capped on the top at 113.50-113.90, to the downside look for 110.60-109.80 area.

Gbp/usd tested support at 1.5350 area as shown on 1H chart, and retest 1.5380 as a minor support to the upside move, what we have to look for is the break of 1.5471 and the area between 1.5515-1.5550 for resistance point. 1.5611 is the goal for Gbp to reach. I am long Gbp I have two positions open, wish me all the luck, as I wish you all the best luck in your trading. I will move my stop loss to 1.5380 before the end of the trading day.

As for my trading for the week, I have took 3 trades yesterday, they all winners, two during the Asian session, if you are trading this session turn your focus to Aud/Jpy, Eur/Jpy and Gbp/Jpy , good moves and you can make pips. Just keep in mind, once you get to close to your target move your S/L to even money,in case the market turn back for the test.

If you have any questions, please email me

Gbp/Usd on target, now facing the first resistance area 1.5515 to 1.5550, I closed my 2 positions with 193 pips. Next for Gbp is to Break and Stay above this area, the target is 1.5655 with focus on 1.5606 as the beginning of the resistance area on the daily chart.Support now is at 1.5465 and 1.5407 as shown on the 4H chart. good luck to all of us.

Euro/Usd facing Small resistance at 1.2960 area, aiming to retest 1.3027 again, finding support 1.2913 and 1.2891, main support at 1.2850. If able to break and stay above 1.2960, will face 1.3038 and 1.3060 but will open the door to 1.3200 area

Yesterday I outlined that the Euro will face resistance at 1.3038-1.3060, we are at the point of resistance now, trade carefully the market is will suck you in.

Gbp/usd support, resistance and targets, happy trading.

Gbp/usd has reached the first line of resistance on the weekly chart, second attempt on the way to capture 1.5670 , 1.5706 and 1.5722 get ready and look at the 1H chart for entry, good luck

Now What

1.5655 has been reached, small retracemet on the way for capturing 1.5704 and 1.5722.

Gbp/Usd on the Move again, read the previous post.

As we all know, if you trade the Euro/Usd you must take a look at Usd/Chf, Below is the monthly target for Usd/Chf 1.0136 as shown on the chart, which about 260 pips from here, that will make the Euro reach 1.33 area if the news and the trend continue in favor of the Euro. We must look a all the charts for support & resistance, and if the trend change we must change with it. We as traders follow the chart, your best is to follow the daily, 4H and project your entry on the 1H the trigger point from 15M. Good luck to us all. You are trading and taking your risk, this is just my analysis and not recommendation.

Who care about the Euro

Gbp/Usd confirmed support and took off this morning after small consolidation at 1.5550-15590 as expected. I took the trade put all the money for 30m came out big winner, i hope you did too. Next is 1.5706 and 1.5722. my week is over good luck to you all

Hello to you all, hoping we all had a good month trading AND PIPING LIKE CRAZY AS I AM DOING NOW. On July 29th http://www.forexfactory.com/showthre...62#post3908662, I wrote about the Eur and the CHF, my targets for both Has been reached, I hope you guys took advantage of this move as I did, Usd/Chf reached the monthly target, Eur/Usd reached the monthly target even before Usd/Chf

Usd/Chf monthly chart

Eur/Usd monthly chart

I have the best two month ever in July and August 2010, some I showed here and the rest I keep private as everyone do, the reason I post some of my analysis is to let everyone know that there a lot of money could be made trading Forex. Most what you read is 90% losers and 10% winners, and most of us has believed this statement and it became as an excuse for failure and every time you lose you consider yourself one of the 90% losers. The truth and reality is no one win all the time and no one loose all the time. The most important aspect of trading is emotion, you must control your emotion in order for you to successful trading, don't let fear control you, fear in no one failure .When we trade we must decide if we are trading for a living or we are trading for extra income, or we trading for the hack of trading or just having fun. If you loose a trade so what you not the only one lost and if you won a trade so what you not the only one winning too, the most important is how to learn to increase your winning trades and reduce your losing trades. You can be a follower you have to be a leader, lead yourself to success, your emotion to success and your discipline to success, this is the only way you will succeed trading. Every loosing trade we make is an education to learn what went wrong and we must learn for it and not to do the same mistake again. There are a lot of Jokers out there writing their analysis, one hour short , the next Hour long, those are the once you don't want have or read their analysis, most of the time I wonder what they seeing and how they call themselves professionals. You must use your eyes, you must use your education and you must follow the trends. Enough of this and lets look at some Currencies.

Usd/Chf

Down to 1.0064 up to 1.0238 Resistance, Downside watch for bounce of 1.0156, 1.0109, 1.0059-1.0002, upside resistance @ 1.0256, 1.0305, 1.0360.

Reach high as 1.5993 resistance down to 1.5326. now it must stay above 1.5470 to continue up to1.5995 again, on the way up resistance @ 1.5525, 1.5630, 1.5722, 1.5819 and 1.5995. Going down must stay under 1.5350 to 1.5078, 1.4998-1.4960 and 1.4821 will act as very strong suppor.

Gbp/Usd faced with resistance @ 1.5809 Down to test support at 1.5650 area. Now @1.5702, TL of the down move is holding the retracement move. The new range for Gbp/Chf is 1.5652 to 1.5754, if open and hold above 1.5754 on the 4H chart will go to 1.5914 and 1.6014, the down side must open under 1.5652 to continue the down move to 1.5434 support area.

8H chart

4H chart

1H chart

Gbp/Chf: 1.5754 held and the down move continue, I am up 140 pips and still counting i hope you too, 8H chart confim the down move @1.5754 and second confirmation came from the 4H chart at resistance point 1.5754, The goal is to reach 1.5434 Support2 as shown on the 4H chart. Good luck to us all.

EUR/USD

Euro facing strong at 1.2900-1.2957, now sitting above support 1.2864 on the daily chart, if open under 1.2864 on the 4H chart we not going far, support at 1.2795-1.2780. the area we have to watch for to the down side 1.2795-1.2780 on the 4H chart, if confirm the down move support and next target will be at 1.2490. the upside limited to 1.2960-1.2980 area, the back side of TL on the daily chart.

Looking at the Aud/Usd, the title of this thread .9732 is coming

The final destination to the upside will end at .9732, about 530 pips from here, on the way up the Aussies will face strong resistance at .9195, .9240, .9270, .9338, .9405-.9420. .9420 is very important resistance to break and continue to.9732. The move will be in small swings, my recommendation is to look at the 4H chart for your S/L and limit targets. The 4H chart will give you about 1200 pips swings until we reach our limit @ .9732.

Support @.9146, .9066, .9013 and .8904, you must decide if you are a swing trader or position trader. My advise to you is take a look at the 4H chart and count how many swing you will face to reach .9730 and prepare yourself to take your positions. if you don't feel comfortable doing that use an indicator to help you make your decision. But keep in mind the target is .9732

Eur/ usd down to support 1.2788 as I stated early

Gbp/usd holding above 1.5330 but not for long



Gbp/Chf sitting on top of support