Thursday, December 20, 2012

I just saw it on CNN.com: Obama to Boehner: 'Take the deal'




Washington (CNN) -- A scheduled showdown vote Thursday evening in the U.S. House will determine how Congress and the White House proceed on fiscal cliff negotiations.
Hours before the vote, both sides insisted that they were open to further talks but also resorted to heated political rhetoric as time for a deal continued to disappear.
With less than two weeks until the automatic tax increases and spending cuts of the fiscal cliff take effect, the House will consider two Republican measures in the latest wrinkle in tense negotiations between Speaker John Boehner and President Barack Obama.
The GOP proposals are an alternative to a broader deal that both sides say they want but has been impossible to reach due to deep ideological divides over the size and role of government.
One of the measures would amount to both a concession by Republicans and a hard-line stance against the president on taxes. It would extend tax cuts scheduled to expire at the end of the year for most people while allowing rates to increase to 1990s levels on income over $1 million.
The second proposal would change the automatic spending cuts set to kick in next year under the fiscal cliff, replacing cuts to the military with reductions elsewhere.
Despite trouble corralling Republican votes for his plan, Boehner said Thursday that both measures would pass, putting the onus on Obama and Senate Democrats to either accept them or offer a compromise.
He blamed Obama for failing to deliver an acceptable proposal in their talks, which appeared to progress over the weekend and Monday before stalling again.
"For weeks, the White House said that if I moved on rates, that they would make substantial concessions on spending cuts and entitlement reforms," Boehner said of breaking from his past opposition to any kind of tax rate increase. "I did my part. They've done nothing."
He added that Obama seems "unwilling to stand up to his own party on the big issues that face our country."
However, the White House and Senate Democrats said it was Boehner who was buckling to demands by his party's conservative base, accusing him of following a past pattern of backing off as the negotiations started to approach a possible deal.
Senate Majority Leader Harry Reid, D-Nevada, immediately rejected any chance the Senate will take up the House measures, calling them "pointless political stunts."
He and other top Senate Democrats said Boehner must instead work out an agreement with Obama on a more comprehensive approach. Otherwise, they said, the House should approve a Senate-passed measure that adheres to Obama's longtime call for extending current lower rates on income up to $250,000 for families.
White House spokesman Jay Carney called the Republican alternatives "a major step backwards in these discussions and a major step backward for the American people."
He noted that the GOP proposals would result in extended tax cuts averaging $50,000 for millionaires and billionaires, which he said went against what Obama campaigned in winning re-election last month.
Despite the tough talk, Boehner, Carney and Senate Democratic leaders all said they were ready to continue negotiating, even as time was running out.
"I remain hopeful," Boehner said. "Our country has big challenges, and the president and I going to have to work together to solve those challenges."
His No. 2, Majority Leader Eric Cantor, R-Virginia, earlier said House members will remain in Washington after the votes later Thursday, indicating the possibility of further negotiations.
Reid noted that Senate work would be put off for a memorial service Friday in Washington and the funeral Sunday in Hawaii for Democratic Sen. Daniel Inouye, who died this week. The Senate would return to work on December 27, two days after Christmas, Reid added.
Senior administration officials said Obama and Boehner have not spoken to each other since Monday, when the president made a counter-proposal to a Republican offer over the weekend. Boehner then proposed his alternative approach Tuesday.
The White House threatened Wednesday to veto Boehner's tax plan, saying it would achieve little and diverted the focus from efforts to negotiate a broader agreement to reduce the nation's chronic federal deficits and debt.
While considered a negotiating tactic to pressure Obama to make more concessions, the House votes Thursday also seek to turn public opinion that now backs the president over Republicans in the talks.
A new CNN/ORC International poll Thursday showed that just over half of respondents believe Republicans should give up more than Democrats in any bipartisan solution to the country's problems.
The survey also indicated that a narrow majority of Americans consider the Republican Party's policies and views as too extreme, a first for the GOP, while fewer than a third said they trust congressional Republicans more than the president to deal with the major issues facing the nation.
Meanwhile, civil rights and child advocacy groups complained Thursday that the Republican alternatives to be voted on that night would end some tax benefits that help the poor and families with children. Carney said the GOP measures would mean higher taxes on 25 million families.
Until Boehner essentially halted negotiations by introducing his so-called Plan B on Tuesday, the two sides made progress on forging a $2 trillion deficit reduction deal that included new revenue sought by Obama and spending cuts and entitlement changes desired by Boehner.
The stakes are high, as economists say that failure to reach an agreement could spark another recession.
Boehner described his Plan B as a fallback option to prevent a sweeping tax hike when tax cuts from the administration of President George W. Bush expire at the end of the year. Sources said the Boehner measure also would include extending the current estate tax and alternative minimum tax, two steps sought by Republicans.
GOP leaders also had planned to vote Thursday on Obama's longstanding proposal to extend the Bush-era tax cuts on income up to $250,000, a lower threshold than Boehner's alternative.
However, Republicans decided to drop the vote on Obama's version, which was a major theme of the president's re-election campaign. In the negotiations, Obama had agreed to raise his threshold to income over $400,000, and a GOP aide said that change made a vote on the original plan unnecessary.
At the same time, Boehner was having trouble rounding up Republican support for his Plan B. With Democrats expected to oppose it, the speaker can afford only about two dozen GOP defections to get it passed.
Because of their difficulty in securing votes from conservatives, GOP leaders added a vote Thursday on the separate measure that would replace automatic spending cuts to defense with cuts elsewhere.
Obama said at a news conference Wednesday that Republicans were focused too much on besting him personally rather than thinking about what's best for the country.
"Take the deal," Obama urged Republicans, referring to the broader proposal. He added that it would "reduce the deficit more than any other deficit reduction package" and would represent an achievement.
"They should be proud of it," Obama said. "But they keep on finding ways to say 'no' as opposed to finding ways to say 'yes.' "
In his own statement Wednesday -- a 52-second appearance before reporters in which he took no questions -- Boehner said the president had yet to offer a balance between increased revenue and spending cuts that he has been promising.
While the Boehner plan represents a concession from his original vow to oppose any tax rate increase, it sets a higher threshold than the $400,000 sought by Obama.
Boehner said that once his plan passes the House, Obama can either persuade Senate Democrats to accept it or "be responsible for the largest tax increase in American history."
Anti-tax crusader Grover Norquist provided political cover for Republicans who have signed his pledge against tax increases, saying Wednesday that legislators who vote for Boehner's Plan B would adhere to the intent of their promise.
The Obama administration and congressional Democrats said Boehner changed course because he was unable to muster Republican support for the larger deal being negotiated with the president.
Sen. Patty Murray of Washington, the top Democrat on a special joint congressional panel set up last year that failed to reach a deficit reduction agreement, said the pattern of this negotiation repeated the past.
"It seemed like every time we were this close to deal, every time it looked like real and fair revenue would be on the table, every time we had a balanced and bipartisan deficit reduction plan within our grasp, Speaker Boehner would look over his shoulder, see Grover Norquist and the tea party and scurry right back to his partisan corner," Murray said Thursday.
Boehner, however, said Obama and Democrats remained unwilling to seriously address the spending cuts and entitlement reforms necessary.
He said that in initial discussions, Treasury Secretary Tim Geithner outlined a minimum possible deal that was close to the counter-proposals being negotiated this week.
"I said, 'Then why should we address the minimum plan?' " Boehner added.
At his news conference Wednesday, Obama alluded to Friday's Connecticut school shootings in calling on Republicans to put aside political brinksmanship.
"Right now, what the country needs is for us to compromise," Obama said, describing the GOP refusal to accept a compromise as "puzzling."
Asked why an agreement was proving so elusive after both sides had made concessions, Obama said it might be that "it is very hard for them to say 'yes' to me."
"At some point, they've got to take me out of it," Obama said of Republicans, adding that they should instead focus on "doing something good for the country."
Obama and Democrats argue that increased revenue, including higher tax rates on the wealthy, must be part of broader deficit reduction plan to prevent a tax increase on middle-class Americans.
Polls have consistently showed support for the Obama plan, and some Republicans have called for acceding to the president on the tax issue in order to focus on cuts to spending and entitlement programs.
Both the GOP's weekend proposal and Obama's response included concessions, raising hopes that a deal was within reach. Since then, conflict rather than compromise has been the public posturing of the talks.
Obama's latest counter-proposal on Monday generated protests from the liberal base of the Democratic Party because it included some changes to entitlement programs such as Social Security, Medicare and Medicaid.
In particular, liberals cited Obama's willingness to include a new formula for the consumer price index applied to benefits to protect against inflation.
The new calculation, called chained CPI, includes assumptions on consumer habits in response to rising prices, such as seeking cheaper alternatives, and would result in smaller benefit increases in future years.
Statistics supplied by opponents say the change would mean Social Security recipients would get $6,000 less in benefits over the first 15 years of chained CPI.
Carney said Obama's consumer price index proposal "would protect vulnerable communities, including the very elderly, when it comes to Social Security recipients." He called the president's acceptance of the chained CPI a signal of his willingness to compromise.

GBPUSD has Pin Bar Setup


GBPUSD has formed Pin bar setup in daily chart
Pair lies above 50 period moving average
PAIR resumes short term downtrend if it breaks below 1.6235 


Sunday, December 16, 2012

How Binary Options And Forex Scams Work - Auto Binary Bot Scam


How Binary Options And Forex Scams Work - Auto Binary Bot Scam




Be carefully while any company such services.  believe me you have to make your own trading system to trade in real market 

Please try to understand friends if he or she is good trader that he couldnot have charge you    because they are already having satisfactory profit for them self 
you can comment below   if you come accross such 

Friday, December 14, 2012

AUDUSD -20121214


AUDUSD has found resistance zone 1.06 to 1.0550 area 
Pair had rejected from level 1.06  (12/08/2012's high) & (14/09/2012's high) and now again pair is hovering near same level ( 1.055)and RSI (14) -65  where pair may find resistance 

If Pair fail to break this resistance then it may test strong support zone 1.0150area
breaks  and 
if Pair breaks resistance 1.0630 then it will be upside targeting +400pips


Thursday, December 13, 2012

GBPUSD - 20121213

GBPUSD has strong resistance @1.6182 pair is moving in upside channel
Pair has rejected from this resistance level almost three times 
Recent news: S&P cut UK outlook to negative
US DOLLAR is slowly becoming stronger

if pair manage to break support @1.6060 then it may test next level 1.6 & 1.5914 (23rd Oct.2012's low )

Resistance :  1.6182, 1.6256
support:        1.6000, 1.5914

Friday, November 30, 2012

EURUSD HAS REGULAR BEARISH DIVERGENCE



EURUSD has formed regular bearish divergence above Moving average 50SMA
Pair has support @1.2960, 1.2940,1.2880
Resistance @1.3020,1.3050

if Pair breaks Support level 1.2960 then pair may test Support 1.2880

Wednesday, November 28, 2012

AUDUSD has head & shoulder pattern


AUDUSD has formed head and  shoulder pattern in 4hours chart
targeting towards 1.0376 (9th Nov, 2012's low)



Tuesday, October 30, 2012

NZDUSD 20121031

NZDUSD is found near resistance zone 

Support & resistance level are drawn in red and blue color in the charts 
if Pair break above 0.8240 then pair may test resistance @0.8374
Alternate view pair has most rejecting level @ 0.8240  if pair breaks below trendline then it will be temporary downside towards support in blue



Waves from Hurricane Sandy batter shores of Ocean City, Maryland - Rough Cuts

Waves from Hurricane Sandy batter shores of Ocean City, Maryland - Rough Cuts



Monday, October 22, 2012

EURUSD has formed three patterns for bullish

EURUSD has formed three patterns

1. Triangle pattern

2. double bottom pattern

3. regular bullish divergence

Above pattern has formed above trendline and RSI(14) IS ABOVE 50

i feel fed will not change it's policy before presidential election in US on November 6, 2012

LONG TERM VIEW IS BULLISH TOWARDS 1.3300 BEFORE MID NOVEMBER


please refer chart below



Your Words and Thoughts have Physical Power




Your Words and Thoughts have Physical Power




Wednesday, October 10, 2012

NZDUSD has formed falling wedge pattern


NZDUSD has formed falling wedge pattern and triangle pattern
Pair finds Support zone between Fibonacci level 38.2% and level 50% As shown in chart below 
If pair manage to break trendline@ 0.82 coming from 2nd Oct,2012 ' high then it opens target towards 0.85
Alternate view 
If pair breaks Strong Support level 0.8140 then pair may test support @0.800

AUDUSD HAS TRIANGLE PATTERN


AUDUSD has formed triangle pattern 
Pair has  support @1.0152 & resistance @1.0330
if Pair breaks above triangle then pair may test resistance @1.0330

ELLIOT WAVE COUNTING 


Monday, October 8, 2012

AUDUSD 20121009



AUDUSD  has formed Double Top pattern in Daily chart
Pair is rejecting from Support Zone ( 1.0152 to 1.0100)
Pair has formed bullish divergence in 4hourly charts
More chance Pair may reject from these level (pink Line)
i m looking more upside
if Pair breaks Support level @1.010 then Pair may test support@0.97



NZDUSD20121008


NZDUSD has formed Regular Bullish divergence 
And Pair has consolidate at this level 
please refer charts of nzdusd below 

Tuesday, October 2, 2012

EURUSD BULLISH 2nd Sep

EURUSD has formed Bullish Emgulfing Pattern above trendline 
Pair has maintained Relative Strength Index (RSI) Above 50 level 
If Pair break above 1.2940 then pair may test resistance @1.3160
Recommend: Buy @1.2940 target @1.3140 , 1.33 Stop @1.2740
please refer chart below



Monday, September 24, 2012

GBPUSD BULLISH



GBPUSD lies between support and resistance
Support @1.6192, 1.6160
Resistance @1.6270  1.6303 

Thursday, September 20, 2012

AUDUSD has Pin Bar setup




Pair fall below 50DMA but regain half of it's ranges   RSI(14) is maintained above  50.
there is more chance bullish trend will resume soon 
Pin Bar support is at 1.0350
AUDUSD is in neutral zone  
above 1.0480 it will be bullish view towards 1.0620,1.0740

Please share your view 

NIDHI

Wednesday, September 19, 2012

AUDUSD

Please watch charts 
AUDUSD IS NEUTRAL - https://docs.google.com/drawings/d/1fOBZGHq1fhWK2h02HyBWLUYmCA8XxipqmNISBByqZFg/edit

Tuesday, September 18, 2012

GBPUSD is in triangle

Pair has symmetric triangle pattern 
if pair breaks lower then  pair may test 1.6 level
else if pair break upper side of triangle  then pair may find resistance 1.6303 
Above resistance 1.6303 it will be targeting towards 1.650
 please refer charts

Monday, September 3, 2012

GBPUSD has Bullish Emgulfing Pattern

Pair has formed Bullish Emgulfing Pattern in daily Charts

my long term view is bullish

Overall view is Bullish targeting 1.64

BUY @1.5890 target@1.6030

AUDUSD has Falling Wedge Pattern

AUDUSD has formed falling Wedge Pattern 

Current Price 1.0252

Pair lies below 50SMA in hourly charts.
 So Trend may be weak and targeting towards 1.0290& 1.0320

Reuters.com - RPT-GLOBAL ECONOMY-Big credibility test looms for ECB and Draghi




Reuters
RPT-GLOBAL ECONOMY-Big credibility test looms for ECB and Draghi
Mon Sep 03 07:00:00 UTC 2012
* ECB may struggle to meet market expectations
* Many see grim economy justifying further easing
* Data-driven Fed to watch job market, purchasers' survey
By Alan Wheatley
AMSTERDAM, Sept 2 (Reuters) - If Mario Draghi manages on Thursday to satisfy financial markets while forging a political consensus on how to lower southern Europe's sky-high bond yields, the European Central Bank chief should be offered the starring role in the next Mission Impossible movie.
Friday's U.S. job figures for August could be critical in determining how quickly the Federal Reserve acts on the promise of its chairman, Ben Bernanke, to ease monetary policy further if necessary to promote growth and a sustained recovery in the labour market.
But, given the potential of the euro zone's malaise to cause a global financial crisis and recession, Draghi's news conference following an ECB policy meeting will be the highlight of the week and could set the market tone for the rest of the year.
Draghi raised expectations so high with a pledge in late July to do whatever is necessary to preserve the euro that investors will be disappointed if they have to wait a bit longer for details of how the ECB's proposed bond-market intervention will work.
Nick Kounis, an economist at ABN AMRO in Amsterdam, said the big risk was that Draghi would fail to dispel the doubts of the Bundesbank, Germany's powerful central bank, over the legality and effectiveness of buying Spanish and Italian bonds.
The Bundesbank does not have a veto at the ECB, but its opposition could limit the scope and thus the credibility of a bond-buying programme.
"It's difficult to be confident, but we do think on balance that he will come with something substantial," Kounis said.
Another growing risk is that the ECB's prospective conditions might prove too tough to lure Spain to swallow its pride and seek assistance from the European Stability Mechanism. The ESM, the euro zone's embryonic rescue fund, is expected to work alongside the ECB by purchasing peripheral countries' bonds when they are first auctioned.
Conversely, Julian Callow with Barclays Capital said the conditions might not be applied strictly enough, taking pressure off governments to get their finances in order.
"There is a danger that financial markets, which have already moved in anticipation of ECB interventions, may be disappointed by euro area developments," Callow said.
SLUGGISH PAYROLLS
Bond strategists at Deutsche Bank estimate that markets are pricing in bond buying of about 200 billion euros and are attaching a two-thirds probability to a quarter-point cut in the ECB's main financing rate, now at 0.75 percent.
Unemployment in the 17-nation euro zone was a record 11.3 percent in July, and David Owen, an economist in London with Jefferies, said the gloomy economic picture would justify fresh monetary stimulus even if the spread between benchmark German bonds and other countries' debt was zero. In fact, investors buying 10-year Spanish bonds are demanding a risk premium of about 5.5 percent.
"Whatever is announced at the ECB's press conference next Thursday, one should not lose sight of the bigger picture of a euro area economy sliding back into deeper recession," Owen said.
The U.S. economy is doing a bit better, but growth is sub-par and stagnation in the job market is a "grave concern" in the words of Bernanke, who spoke at a Fed conference in Jackson Hole, Wyoming, on Friday.
Employers are expected to have added 125,000 non-farm jobs in August, down from 163,000 in July and far too weak to make a dent in the jobless rate, which is likely to have been unchanged at 8.3 percent, according to economists polled by Reuters.
The Institute of Supply Management's monthly manufacturing survey on Tuesday will not give the Fed much encouragement either. Forecasters expect it to have edged up from 49.8 in July to 50 in August, the demarcation line between expansion and contraction.
Lacklustre figures are bound to ratchet up speculation that Bernanke will press the Federal Open Market Committee, the U.S. central bank's policy-making panel, to provide fresh monetary stimulus when it meets on Sept. 12/13.
"The only questions are what form the easing will take and whether he can convince the rest of the FOMC to go along," said Kevin Logan, chief U.S. economist at HSBC.
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Friday, August 31, 2012

Thursday, August 30, 2012

EURUSD has formed triangle pattern & Elliot Wave


EURUSD has formed triangle pattern 

Yesterday Pair was in round 50pips range bound

As per Elliott Wave theory, Pair  lies in Wave (3) of Wave 5 (impulsive Wave)
If Pair breaks above 1.2582 then pair may test resistance 1.2740 
alternative view if Pair breaks below 1.25 then it will be temperary downside towards 1.24
Support @1.244 and resistance @1.2580,1.2690, 1.2740



Elliot Wave charts   refer counting in charts


Monday, August 20, 2012

Gbpusd is symmetrical triangle

GBPUSD is in symmetrical triangle
it is in rangebound  and hovering between fibonacci level 23.6 &61.8
if pair breaks upside above 1.5720 then pair may test 1.5740 & 1.59 

alternate view if pair breaks downside below 1.5680 then pair will be short term downside

resistance @1.5742 and support@1..5680


Thursday, August 16, 2012

EURUSD TARGETING 1.2690


I feel EURUSD has formed head & shoulder pattern targeting towards 1.2690
pair has resistance @1.2740 and support @1.2040
My Overall Bias is bullish in long term view 
target @1.38 & 1.42



Wednesday, August 15, 2012

AUDUSD has falling wedge pattern

I feel AUDUSD has falling wedge pattern and regular bullish divergence
pair is retraced 38.2% and resistance @1.0550 and support@1.0440

Tuesday, August 14, 2012

AUDUSD HAS FALLING WEDGE


AUDUSD has falling wedge pattern and regular bullish divergence 
resistance @1.0540, 1.0610 and support@1.0490 and 1.0440
if pair breaks above 1.0540 then pair may test resistance level @1.0610


Friday, August 10, 2012

Waiting for EMEA central banks to ease

Waiting for EMEA central banks to ease
There is no doubt that the growth outlook in the euro zone has deteriorated sharply in recent months. This is now beginning to have a clear impact on the EMEA economies. Hence, Hungary and the Czech Republic are already in recession and the outlook for the rest of the year does not seem too bright either. Furthermore, even in Poland, where growth has long remained robust, there are increasing worries about a slowdown in growth. This is also the case in Turkey where growth has also slowed considerably.

International Trade and Jobless Claims Data Paint a Bullish Picture

International Trade and Jobless Claims Data Paint a Bullish Picture
The trade deficit of the U.S economy narrowed to $42.9 billion in June from $48.04 billion in the prior month. The trade balance of goods, in real terms, narrowed to $44.2 billion in June, which results in a smaller trade deficit in the second quarter compared with the assumption embedded in advance estimate of second quarter GDP. The upshot is that, holding other things constant, second quarter real GDP is most likely to show growth that exceeds the current estimate of 1.5%. The change in inventories is the missing item that could alter this prediction. Factory and wholesale inventories for June are available at the present time; the tally of inventories will be complete when retail inventories numbers are published on August 14.

GBPUSD HAS TRIANGLE PATTERN

GBPUSD is currently in triangle pattern
it has resistance @1.5655 and support@1.5555
please watch image it cover full detail




Tuesday, August 7, 2012

AUDUSD 20120808

AUDUSD HAS formed rising wedge pattern if pair get breakout pattern, it may show correction towards 1.0440




Friday, August 3, 2012

audusd Rangebound

AUDUSD is moving in range or Sidewise  between support and resistance.
today pair has regain it's yesterday's loss
pair find resistance @1.0540 and support@1.0440
if pair breaks above 1.0540 then pair may find resistance @1.0640,1.0710
if pair breaks below 1.0440 then pair may find support@1.031


Thursday, August 2, 2012

GBPUSD 20120803


Pair has formed regular bullish divergence above support line 
pair has support @1.5480 & 1.5440(strong) and resistance @1.56 & 1.5740(strong)
pair is moving in bearish channel if pair breaks bearish channel then it will turn upside targeting 1.5940 
My Overall view is bullish 
Main target is 1.64 & 1.68
If Pair break level 1.5409 then pair may find support level @1.5202





Pair is moving in triangle pattern



Wednesday, August 1, 2012

GBPUSD 20120801

GBPUSD is moving within a channel and Price have retraced close to fibonacci 50% level
Pair has support @1.5602 and resistance @1.5704, 1.5742, 1.5940
I feel pair has strong reversal region between 1.5625 to 1.5550
if pair breaks channel lines upside then pair resume bullish tone 
My Overall View is bullish 
Main target @1.64 &1.68



Monday, July 30, 2012

GBPUSD has formed regular bullish divergence

GBPUSD has formed regular bullish divergence as shown in chart below
pair has resistance @1.5742 and support @ 1.5650, 1.5452
pair lies above moving averages20 and 50 in hourly charts
In 4hour charts, pair has formed bullish engulfing pattern.
If pair breaks level@1.5742 then  pair may test resistance @1.5940 & 1.6
alternative view, if pair fail to break resistance @1.5742 then pair will form double top pattern


EURUSD @ ELLIOT WAVE JUL 30

EURUSD has follow elliot wave theory 
Pair is in correction ABC wave 
Pair has resistance @1.24 and support @1.2220, 1.2160, and 1.2060
and also EUDUSD chart has Pin Bar resistance 
My Overall View is Bullish 
My main target @ 1.38

EURUSD technical Analysis July 30,2012


EURUSD technical Analysis July 30,2012 by fxempire



Friday, July 27, 2012

EURUSD & ELLIOTT WAVE

EURUSD has elliot wave counting in chart below


please share your view if any correct in above chart

Thursday, July 26, 2012

GBPUSD 20120726

I feel GBPUSD has triangle pattern formed in hourly charts  
pair has resistance @1.5550 and support @1.5440. trendline is coming from 19july,2012's high
it is consolidated in this range if pair break above 1.5550 then it will turn upside 
MY OVERALL VIEW IS BULLISH 
I AM LONG VIEW  TARGETING 1.64 AND 1.68



In hourly chart, pair has formed regular bullish divergence with MACD


GBPUSD HAS STRONG SUPPORT TRENDLINE COMING FROM 3RD JUN,2012
TRIPLE REJECTING TOP @1.5740 BREAKING THIS RESISTANCE PAIR WILL GET STRONG BULLISH VIEW



Wednesday, July 25, 2012

Economic Calendar



Live Economic Calendar Powered by Forexpros - The Leading Financial Portal

GBPUSD

GBPUSD IS IN RANGEBOUND 100PIPS  BETWEEN 1.5540 AND1.5470
GDP CAME LESS THEN EXPECTION    BUT DOLLAR REMAIN WEAK
PAIR HAS EXTEND IT'S SUPPORT @ 1.5455 AND RESISTANCE @1.5540
MY TARGET IS 1.64 AND 1.68
MY OVERALL VIEW IS BULLISH

AUDUSD


AUDUSD HAS FORMED REGULAR BULLISH DIVERGENCE 
PAIR WILL CONFIRM UPSIDE BREAKOUT IF PAIR MANAGE TO BREAK TRENDLINE
MY LONG TERM TARGET @1.14  
MY OVERALL VIEW IS BULLISH