Fresh informations

An excerpt from FX-Strategy’s Pro Commentary
 
 Price:                            1.4585

Resistance:
1.4620
1.4650
1.4670
1.4700

Support:
1.4562
1.4530
1.4504
1.4467

Bias:
Losses look likely but we need be careful of a possible correction to 1.4670-00

Daily Bullish:
The breach of the long term trend support implies any rallies will be corrective. This line rests around 1.4670-00 and that should be the maximum we see. This may be seen if price manages to break back above 1.4620 and if seen look for gains to the 1.4645-50 pivot area at least – care as this could cause a reaction but overall we should see a test of 1.4670 minimum and 1.4700 maximum.

MT Bullish:
1.4670-00 should be the tops now and only a break back above here would revisit 1.4831 and 1.4966 – max 1.5003. (6th December)

Daily Bearish:
While loss of the trend support is clearly bearish we must allow for a retest of that line which is currently around 1.4670 – at most 1.4700. If seen this area […]

An excerpt from FX-Strategy’s Pro Commentary
 
 Price:                            2.0565

Resistance:
2.0580
2.0609
2.0650
2.0680

Support:
2.0548
2.0515
2.0486
2.0464

Bias:
Slightly mixed – waiting for breaks

Daily Bullish:
The 2.0678 high did indeed provide a high and this would suggest a move back to 2.0523 at least. However, I suspect this correction can be a little more complex and thus we could easily see price move right back to the 2.0678 high once again. Thus watch the 2.0523 low (allow for a small breach.) A move back above 2.0550-80 would provide the impetus for this move back to the 2.0678-85 area. Just in case also watch the 2.0464 which could also hold within an expanded flat and cause a move to the same area.

MT Bullish:
Losses have really broken down the possibility of stronger gains. Indeed, only back above 2.0731-60 would see a stronger move to 2.0842 and maximum 2.0969. (1st December)

Daily Bearish:
We did see the 2.0678 peak hold to generate losses that have stalled just […]

An excerpt from FX-Strategy’s Pro Commentary
 
 Price:                             110.37

Resistance:
110.55
110.73
111.04
111.32

Support:
110.12
109.73
109.48
109.21

Bias:
Slightly mixed though still prefer an eventual move to 111.62  - support now at 109.73

Daily Bullish:
Break of 110.44 has generated losses but without much momentum. There are a few alternative counts here and we have seen a move to just below the last corrective high at 111.32. We shall need confirmation of gains. First resistance is at 110.73 and breach will assist higher. However, we shall still have to be cautious around the 111.2132 area again and at the very least we should see a minor correction. A final break above should allow a test of 111.62 (max 111.87) but then cap for losses.

MT Bullish:
We should see the 111.32-62 area but I suspect this will cap for a while. Only above extends the upside to 112.56 and possibly 113.30. (29th November)

Daily Bearish:
Having seen a move to just below the old corrective high […]

An excerpt from FX-Strategy’s Pro Commentary
 
 Price:                            162.14

Resistance:
162.31
162.80
163.22
163.40

Support:
16.82
161.55
161.33
161.05

Bias:
Mixed – waiting for breaks

Daily Bullish:
The upside almost looked as if it would win through but stalled at 163.85 from where it has been a one-way move lower. I would rather wait for confirmation of gains before attempting to follow this higher and suspect we should see losses reach 161.33-55. Only while this remains intact can this return higher be seen with a move back above 162.31 assisting while a break back above the 162.80-94 area providing a stronger basis for gains back above 163.85 and back to 164.10-29 at least.

MT Bullish:
I would still prefer a recovery to 164.79-97 at least but we’ll need the 161.33-55 support to hold. Only a break above 165.00 would maintain the upward momentum. (1st December)

Daily Bearish:
The losses seen from the 163.85 high are frustrating and it would appear that these could extend to the 161.33-55 area. However, […]

An excerpt from FX-Strategy’s Pro Commentary
 
 Price:                             0.8843

Resistance:
0.8872
0.8890
0.8918
0.8952

Support:
0.8835
0.8795
0.8774
0.8753

Bias:
Care - but while 0.8835-40 supports I feel the way is open for a retest of 0.8918 and higher

Daily Bullish:
The 0.8753-85 support held well with a low at 0.8774 and from there we have seen constructive gains back to 0.8872 thus far and I feel this will provide a retest of the 0.8918 high over the course of the day. This should cause a small pullback but then any break above 0.8918 would accelerate the upside towards 0.8973 minimum and probably higher. Next resistance  is at 0.9015-25 which may well cap – so take care.

MT Bullish:
The repeated push higher does seem to support a more bullish scenario and while 0.8753-85 supports we should see a rally above 0.8918 towards 0.9015-25 at least and possibly 0.9048 and 0.9113. (29th November)

Daily Bearish:
Failure in the 0.8753-85 support area tends to argue against a bearish stance. Thus only a […]

An excerpt from FX-Strategy’s Pro Commentary
 
 Price:                             0.9870

Resistance:
0.9905
0.9929
0.9955
0.9970

Support:
0.9858
0.9839
0.9818
0.9793

Bias:
While 0.9900-05 (max 0.9950-55) caps I feel the downside has more legs

Daily Bullish:
Loss of 0.9946 and 0.9916 provoked losses down to just above the 0.9830 support from where we are seeing a correction higher. I suspect this will stall in the 0.9900-05 area and then cause additional losses to 0.9777-93 which I feel will provide a short term buying opportunity. Only an earlier break above 0.9905-10 would cause a sharper move higher towards 0.9950-55 and possibly back to the 1.0000-20 resistance.

MT Bullish:
Gains have reached the 1.0006-20 reserve target and we need take the next move carefully. Only above 1.0020 extends to 1.0138 initially. (28th November)

Daily Bearish:
The decline down to just above the 0.9830 support is encouraging and while the 0.9900-05 resistance caps I still feel there is room for additional losses back to the 0.9839 low which should cause a small reaction before […]

An excerpt from FX-Strategy’s Pro Commentary
 
 Price:                           2.0644

Resistance:
2.0683
2.0717
2.0759
2.0793

Support:
2.0635
2.0607
2.0574
2.0557

Bias:
While 2.0607-35 support we cannot rule out gains to 2.0842-51 but loss is looking more likely

Daily Bullish:
Yesterday’s push higher couldn’t press above the 2.0761 high but while any retracement remains above 2.0607-35 the move to 2.0581-80 can still occur. It will be best to wait for break of resistance at 2.0717 at least which should extend the upside to 2.0763. Break of this higher resistance would keep the momentum higher for a move through to 2.0851-80 which should cap if seen.

MT Bullish:
We have seen the correction reach the lower resistance at 2.0756 and there still seems to be risk for these to extend to 2.0842-50. Only a clean break above 2.0850 could see 2.0891 and possibly 2.0969. (23rd November)

Daily Bearish:
The 2.0761 high remains intact and actually fell short of internal targets within a more bullish structure. Therefore we should be on alert for […]

An excerpt from FX-Strategy’s Pro Commentary
 
 Price:                             1.0982

Resistance:
1.1005
1.1037
1.1070
1.1097

Support:
1.0954
1.0921
1.0899
1.0883

Bias:
Mixed – waiting for breaks

Daily Bullish:
The upside stalled just below the low end of the 1.1087-1.1111 resistance from where we have seen a correction lower. While a bullish stance is valid I see what should be good support between 1.0927-54. While this holds a break back above the 1.0995-05 pivot area would suggest the upside could once again take preference and allow a retest at yesterday’s 1.1070 high but then we should also watch 1.1097. Only above this higher resistance would accelerate gains towards 1.1150-75 and later to 1.1241-61.

MT Bullish:
Losses continue and we should now wait for confirmation of reversal. Watch support at 1.0843-57 which is the closest level that could produce a base. Below there sees 1.0560. (23rd November)

Daily Bearish:
Losses were seen from 1.1070 but have stalled at the 50% retracement at 1.0954. There is also support around the 61.8% retracement and […]

An excerpt from FX-Strategy’s Pro Commentary
 
 Price:                             1.4811

Resistance:
1.4858
1.4896
1.4923
1.4966

Support:
1.4783
1.4745
1.4718
1.4686

Bias:
Cautiously, while 1.4845-58 caps I see more potential for losses to reach 1.4718-45

Daily Bullish:
Friday’s rally stalled mid way between the 1.4945 and 1.4985 upside targets and I therefore suspect the entire rally is complete. Only a move back above 1.4845-58 would provide a stronger bullish signal and if seen would then revert to a bullish structure that should then revisit the 1.4896-1.4923 resistance and if breaks then look for extension through 1.4966 for 1.4982-1.5002 at a minimum. Next resistance is at 1.5036 and 1.5114.

MT Bullish:
Gains have moved above the 1.4805-20 target but there are a few more that should contain price and I suspect this should be at 1.4910 and at most 1.4997-03. (21st November)

Daily Bearish:
The reversal from 1.4966 is encouraging although there was no bearish divergence within the hourly chart. However, the reversal has been solid and while there is a risk […]

An excerpt from FX-Strategy’s Pro Commentary
 
 Price:                         108.05

Resistance:
108.60
109.15
109.40
109.56

Support:
107.82
107.53
107.20
106.89

Bias:
Mixed – waiting for breaks – watch supports at 107.53-61, 107.20 and 106.54

Daily Bullish:
The breach of 108.30 opens up some cause for concern over the view that we should be viewing a base at this time. However, I still think we should keep this in mind and watch potential supports at 107.53-61 and 107.20. Only a break back above the 108.59-75 peaks would provide earlier relief. If seen then take things carefully but only above the 109.13-40 area would provide a stronger signal of more sustainable gains.

MT Bullish:
We shall have to put any bullish thoughts on hold. I can still see potential downside targets at 107.20-53 and 106.54. Only an earlier break above 109.40 and then 110.60 would bring greater relief. (23rd November)

Daily Bearish:
Loss of 108.30 is concerning. The downside target there can allow some small margin of variance but if we […]