AUDUSD 20120831

Audusd has Pin bar Resistance. i am looking downside

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

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

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

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

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

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

BoE's King: Initial impact of FLS positive, further rate cut 'counterproductive'

BoE's King: Initial impact of FLS positive, further rate cut 'counterproductive'

EURUSD Forecast for August 8 (Wed, Aug 8 2012)

EURUSD Forecast for August 8 (Wed, Aug 8 2012)

AUDUSD 20120808

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

What Makes Successful Trader?

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

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

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