تحليل فوركس فني يومي لخمسة أزواج

[m.youssif]

الوتد يكون مجديا حينما يكون صاعدا، حيث يتلوه النزول في غالب الاحيان.
اما الوتد الهابط فلا يؤخد به غالبا. والحر تكفيه اشارة


:)

صراحة لم أفهم ماذا تقصد بالضبط

[خالوود]

صراحة لم أفهم ماذا تقصد بالضبط


على اليورو دولار في تحليلك، رسمت وتدا صاعدا يعني بعده، غالبا، سياتي النزول
:)

[m.youssif]

على اليورو دولار في تحليلك، رسمت وتدا صاعدا يعني بعده، غالبا، سياتي النزول

:)

ان شاء الله :1 (105):

[خالوود]

ان شاء الله :1 (105):



XE - The World's Favorite Currency and Foreign Exchange Site (http://www.xe.com/)
الاورو الان يساوي 1.31614 دولار، يعني ادا بقيت الامور على حالها حتى الافتتاح سيكون هناك قاب للاسفل، طله 23 نقطة.

[m.youssif]

EURUSD Forecast
The EURUSD was volatile but indecisive last week, but overall looks like the pressure is more to the downside as price is now traded below 1.3170 key support area after break below the rising wedge, testing 1.2968 – 1.2920 this week. Nearest term target is seen around 1.3100 – 1.3060. A movement back above 1.3170 could lead us to neutral zone in nearest term testing 1.3280 resistance area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart11-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart11.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD slipped below 1.5500 on Friday but so far still unable to stay consistently below that area. The bias remains bearish in nearest term especially if price able to break below 1.5475 testing 1.5400 before targeting 1.5300 this week. Immediate resistance at 1.5583. Break above that area could lead us to neutral zone in nearest term testing 1.5650 but as long as price moves inside the bearish channel we are still in strong bearish scenario.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusdh4chart13-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusdh4chart13.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF attempted to push lower on Friday, slipped below the minor bullish channel, bottomed at 0.9557 but whipsawed to the upside, topped at 0.9719 and closed at 0.9686 in a volatile market. Although the major outlook remains to the downside, looks like we may have a bottom at this phase with key support area at 0.9550 – 0.9461 which could be a good support in the end of the year. Immediate resistance at 0.9733. Break above that area could trigger further upside pullback testing 0.9800.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh411-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh411.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY was indecisive on Friday. There are no significant technical moves so far and my daily outlook remains the same for this pair. Overall bias remains to the upside, but still need a clear break above 84.40 to continue the bullish scenario targeting 85.00/20.On the downside, a clear break below 83.64 could trigger further bearish pressure testing 83.10 which would force me to wait a little longer before re-activate my bullish mode.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart14-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart14.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY attempted to push higher on Friday, but whipsawed to the downside, bottomed at 110.39 and closed at 110.74 after found a good resistance around 111.91. This fact gives us further validation to the rising wedge bearish scenario testing 109.85 in nearest term. A clear break below that area could trigger further bearish pressure testing 108.33. Immediate resistance at 110.70/80. Break above that area could lead us to neutral zone in nearest term testing 111.60/90 resistance area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh413-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh413.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bearish momentum on Friday, fell below 130.84 strong support area. The bias remains bearish in nearest term targeting 129.33 as the double top bearish scenario has further bearish validation. On the upside, another move back above 130.84 could lead us to neutral zone in nearest term testing 132.00 which could lead us to a ranging market condition.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh413-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh413.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD was volatile but indecisive on Friday. The bias is neutral in nearest term but still within the context of a rising wedge bearish scenario especially if price able to make a clear break below the trend line support as you can see on my h4 chart below targeting 0.9710. Immediate resistance at 0.9925 followed by 1.0000. Break above 1.0000 could be a serious threat to the bearish scenario.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh413-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh413.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD continued its bearish pressure yesterday, bottomed at 1.3093 and closed at 1.3116 but corrected higher earlier today in Asian session hit 1.3193. As you can see on daily chart below we have an important trend line support, which could be a good technical support for the Euro as we are entering Christmas season and the end of the year. The bias is neutral in nearest term, but a clear break above 1.3193 could trigger further bullish pullback testing 1.3250 resistance area. On the downside, break below 1.3116 (current low) would keep the bearish pressure remains strong targeting 1.3060 before testing 1.2968 – 1.2920 this week.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusddaily-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusddaily.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD was volatile but indecisive yesterday. On h4 chart below we can see price is moving in a triangle formation indicates consolidation but as long as price moves inside the bearish channel overall we are still in a bearish outlook. The bias is neutral in nearest term. Immediate resistance at 1.5580. Break above that area could trigger further bullish pullback testing 1.5650 and the upper line of the triangle. On the downside, another strong movement below 1.5500 would keep the bearish scenario remains strong testing 1.5450 – 1.5400 before testing 1.5300 support area this week.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusdh4chart14-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusdh4chart14.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF had a bearish momentum yesterday, bottomed at 0.9630 and hit 0.9619 earlier today in Asian session. The bias is bearish in nearest term testing 0.9550. A clear break below that area would give us further bearish continuation validation at least testing 0.9461. Note that we are now entering Christmas season and the end of the year where ranging market is potential. Immediate resistance at 0.9733. Break above that area could trigger further bullish pullback testing 0.9800. CCI is moving up and down between 100 and -100 level on h4 chart suggests that this pair is not a good pair to be traded right now.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh412-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh412.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY continued its bearish bias yesterday after failed to make a clear break above 84.40 key resistance area last week. On h4 chart below we can see price seems ready to test the trend line support (white) and 83.10 support area in nearest term. Overall we are still in range market. A clear break below the trend line support could trigger further bearish pressure testing 82.80/50. Immediate resistance at 84.11 followed by 84.40. Technically we still need a clear break above 84.40 to continue the bullish scenario testing 85.00/20.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart15-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart15.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY continued its bearish pressure yesterday, bottomed at 109.56 but corrected higher earlier today in Asian session, hit 110.38. The bias is neutral in nearest term. Overall we are still in the rising wedge bearish scenario but would need a clear break below 109.50 to continue the bearish pressure targeting 108.33. Immediate resistance at 110.70 (yesterday’s high) followed by 111.60/90.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh414-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh414.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bearish bias yesterday, bottomed at 129.56, closed at 129.88. The bias remains bearish in nearest term still targeting 129.33. Clear break below that area could trigger further bearish pressure testing 127.00 – 126.50 support area this week. Immediate resistance at 130.84. A clear break above that area could trigger further upside pullback testing 132.00 and could lead us to a ranging market as we are now entering Christmas season and the end of the year. My intra-day risk-reward ratio looks not so good now so I think I will stand aside and see further development. http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh414-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh414.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD began the week with a bullish momentum yesterday, topped at 0.9948 and hit 0.9972 earlier today in Asian session. The bias is bullish in nearest term challenging 1.0000/27 psychological and key resistance area. Clear break above that area could trigger further bullish scenario re-testing all time high at 1.0182 this week. The rising wedge bearish scenario is in a serious threat now as the trend line support (red) did a good job preventing further bearish pressure. Immediate support at 0.9900. Break below that area could trigger further bearish pressure re-testing the trend line support, but only a clear break below the trend line support would give further validation to the bearish reversal scenario.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh414-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh414.jpg)

[seragsamy]

نشاط رائع أخى

بالتوفيق يارب لك بإذن الله

[m.youssif]

EURUSD Forecast
The EURUSD made another volatile but indecisive movement yesterday. Overall bias remains to the downside, but the trend line support still hold so far, preventing further downside pressure as you can see on my h4 chart below and we still need a consistent move below the trend line support and 1.3060 to continue the bearish scenario testing 1.2968 and 1.2920. A look at the weekly chart can easily reveal that market is actually indecisive now, make a small Doji and moving in a range area between 1.3200 – 1.3073. A clear break above 1.3200 could trigger further upside consolidation testing 1.3250 – 1.3300 area but overall outlook remains strongly bearish.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart13-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart13.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD slipped below 1.5400 and the daily chart trend line support yesterday, hit 1.5352 but still unable to stay consistently below the trend line support so far and now back above 1.5400. Price is now in critical phase in longer term outlook where a clear move below the trend line support could lead us to a bigger bearish scenario. Immediate resistance at 1.5500. Break above that area could lead us to neutral zone in nearest term testing 1.5550 – 1.5600 but as long as price moves inside the bearish channel the major scenario remains bearish. Immediate support at 1.5350 – 1.5300 which is also the nearest bearish target. A clear break below that area could give us further validation to a bigger bearish scenario testing 1.5000 psychological level.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusddaily-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusddaily.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF continued its bearish momentum yesterday, break below the triple bottom formation at 0.9550 area. This fact opens the door for further strong bearish pressure at least targeting 0.9461 – 0.9400 in nearest term. Note that price already made three consecutive bearish candles on daily chart, so any upside pullback is normal but the main scenario remains strongly bearish. Another move above 0.9550 could lead us to neutral zone in nearest term testing 0.9600 but long position is not recommended.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh414-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh414.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY had a significant bearish momentum earlier today in Asian session, fell below the trend line support as you can see on my h4 chart below and hit 83.06 suggests a bearish view in nearest term testing 82.80/50 support area. However my medium outlook remains neutral for this pair and price still trapped in range area of 84.40 – 82.33. Immediate resistance at 83.56 (current high). Break above that area could lead us to neutral zone in nearest term as direction would become unclear.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart17-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart17.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY was indecisive yesterday, but had a bearish momentum earlier today in Asian session hit 108.91. The bias is bearish in nearest term testing 108.33. Immediate resistance at 109.50. Break above that area could lead us to neutral zone in nearest term testing 110.00/50 resistance area but overall we are still in the rising wedge strong bearish scenario.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh416-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh416.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY had a significant bearish momentum yesterday after made a strong break below 129.33, bottomed at 128.32 and hit 128.04 earlier today in Asian session. The bias is bearish in nearest term especially if price able to make another strong break below 128.00 targeting 127.00 – 126.50 this week. Immediate resistance at 128.74 (current high). Break above that area could lead us to neutral zone in nearest term testing 129.33 but overall we are still in strong bearish scenario.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpydaily-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpydaily.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD continued its bullish momentum earlier today in Asian session, hit 1.0036. The rising wedge bearish reversal scenario has failed now and we could have a good probability for a bullish continuation targeting all time high at 1.0182. Nearest term bullish target is seen around 1.0090 area. On the downside, another move below 1.0000 could lead us to neutral zone in nearest term. I think we are in a critical phase now and things could be very tricky. After hit all time high at 1.0182, people are thinking about a big downside pullback but the facts now do not support that idea yet. While long term traders may still prefer a short position, intra-day traders must trade what they are seeing now, a strong bullish bias.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh416-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh416.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD continued its indecisive movement yesterday, made another Doji on daily chart. Overall bias remains bearish as generally price is making lower highs and lows on h4 chart but limited bearish pressure and ranging market could continue as we are entering holiday season. I still prefer a bearish major scenario but again, would need a clear break below the trend line support and 1.3060 key support area before testing 1.2968 – 1.2920. Expected range remains between 1.3200 – 1.3070/60 and need a clear break from either side to see clearer direction. Aggressive traders may long around 1.3070/60 or short around 1.3170 – 1.3200 with tight stop loss. Standing aside until we have a clear break or waiting until next year before jump into the market is not a bad idea too.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart14-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart14.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD had a limited bullish momentum yesterday as the daily trend line support still did a good job preventing further bearish pressure. Another reason why the bearish momentum is limited so far is that we are entering holiday season and the end of the year where range market and consolidation condition usually take place. The bias is neutral in nearest term. Immediate resistance at 1.5470/80. Break above that area could trigger further bullish correction testing 1.5550/70 but overall we are still in strong bearish outlook. Initial support remains around 1.5350 – 1.5300. A clear break below that area could give us further validation to a bigger bearish scenario testing 1.5000 psychological level.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusddaily1-300x193.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusddaily1.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF made a strong upside pullback yesterday, topped at 0.9664. I was anticipating some upside corrections, but not that high. However, price closed significantly lower at 0.9574 and now struggling again around 0.9550 indicates that the bearish pressure is still alive and kicking especially if price make another movement below 0.9550 with 0.9461 as the nearest target. Few days ago I said that 0.9550 – 0.9461 could be a good support until next year so we may still have range market and some bullish pullback, but my overall outlook remains to the downside.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh415-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh415.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY had a bearish momentum yesterday after broke below the trend line support as you can see on my h4 chart below. The bias remains bearish in nearest term testing 82.50/33 support area, but my medium outlook remains unclear/neutral. Immediate resistance at 83.56 (yesterday’s high). Break above that area could lead us to neutral zone in nearest term as direction would become unclear.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart18-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart18.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY continued its bearish bias yesterday, bottomed at 108.44 but closed higher at 108.95. The bias is neutral in nearest term. My intermediate bearish target at 108.33 is considered hit, but the major outlook remains to the downside. Tomorrow is Christmas day and we may have some upside pullback today as market could make consolidation move so I will stand aside for now and prepare to enjoy my holiday. On the downside, clear break below 108.33 could trigger further bearish outlook testing 107.30 support area. Immediate resistance at 109.50 followed by 110.10.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh417-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh417.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY attempted to push lower yesterday, bottomed at 127.44 but closed higher at 128.20 in a volatile market. Price is now struggling around 128.00. The bias is neutral in nearest term, but we are still in the double top strong bearish scenario still targeting 127.00 – 126.50 especially if price make another movement below 128.00. Immediate resistance at 128.74 (yesterday’s high). Break above that area could trigger further upside pullback testing 129.33. Holiday season may create consolidation condition with limited momentum, so it’s a good idea to stand aside for now and enjoy your holiday. http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpydaily1-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpydaily1.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD continued its bullish bias yesterday, topped at 1.0065 and closed at 1.0036. The bias remains bullish in nearest term with 1.0090 – 1.0100 as the nearest target before re-testing all time high at 1.0182. Immediate support at 1.0000. Break below that area could lead us to neutral zone in nearest term testing 0.9950/00 but only a break below the trend line support (red) could be a threat the bullish scenario. Tomorrow is Christmas! Merry Christmas and better stop trading and enjoy your holiday people!
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh417-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh417.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD was indecisive last week, moved in range area of 1.3200 – 1.3060 and price still in critical technical phase, struggling around the trend line support. The major outlook remains bearish, but still need a clear break below the trend line support and 1.3060 support area to continue the bearish scenario targeting 1.2968 – 1.2920. CCI in neutral area and above zero line on h4 chart suggests limited downside pressure so far. On the upside, clear break above 1.3200 could trigger further upside pullback testing 1.3250 – 1.3300 resistance area which could open the door for further upside consolidation during the remaining days of 2010.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart15-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart15.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD continued its bearish pressure last week, but still unable to make a clear break below the trend line support so far as you can see on my daily chart below. We need a clear break below the trend line support to continue the bearish scenario at least testing 1.5300 before targeting 1.5000. Immediate resistance at 1.5480. Break above that area could trigger further upside pullback testing 1.5550 but as long as price moves inside the bearish channel we are still in a major bearish outlook.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusddaily2-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusddaily2.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF continued its upside consolidation on Friday. As long as price moves above 0.9550 we may still see some upside pullback but my bearish outlook remains valid for this pair. Immediate resistance at 0.9664. A clear break above that area and a violation to the bearish channel (blue) could be a threat to the bearish outlook testing 0.9733 – 0.9800 resistance area. On the downside, 0.9461 remains the nearest bearish target but also could be considered as a strong support during the remaining days of 2010.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh416-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh416.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY had a moderate bearish momentum on Friday. The nearest bias remains to the downside especially if price able to make another clear break below 82.80 testing 82.33 key support area. Note that beside 82.33, we may have an important support at the trend line support as you an see on my h4 chart below. Immediate resistance at 83.20. Break above that area could lead us to neutral zone in nearest term testing 83.56.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart19-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart19.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY had a moderate bearish pressure on Friday, but so far still unable to break below 108.33 support area. We are still in the rising wedge strong bearish scenario but need a clear break below 108.33 to continue the bearish pressure targeting 107. 30. Immediate resistance at 109.50. Clear break above that area could trigger further upside momentum testing 110.10/70. We have only a few days left before entering a new year and some upside consolidation may occur.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh418-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh418.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bearish pressure and keep moving below 128.00 indicates further bearish pressure is still potential especially if make a clear break below 127.44 targeting 126.50. On the upside, another move back above 128.00 could lead us to neutral zone in nearest term testing 128.74 but overall we are still in strong bearish scenario of the double top formation.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpydaily2-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpydaily2.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD slipped below 1.0000 earlier today in Asian session but so far still maintain its strong bullish bias, hit 1.0046. The bias remains bullish in nearest term with 1.0090 as the nearest bullish target before testing 1.0182 all time high. Immediate support at 0.9987 (current low). Break below that area could lead us to neutral zone in nearest term as direction would become unclear but only a break below the trend line support could be a threat to the bullish outlook.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh418-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh418.jpg)

[seragsamy]

مجهود رائع وتحليلات قيمة

والله ما قصرت

[greenius]

ممتاز التحليلات

[m.youssif]

EURUSD Forecast
The EURUSD made a significant breakout to the upside earlier today in Asian session, hit 1.3253. This fact could trigger further bullish consolidation move for the remaining days of 2010, but the major bearish outlook remains valid. The bias is bullish in nearest term targeting 1.3300 – 1.3350 resistance area. Immediate support at 1.3170. Break below that area could trigger further bearish pressure testing 1.3060 as a false breakout scenario could be produced and keep the major bearish scenario remains strong.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart16-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart16.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD bounced to the upside earlier today in Asian session after failed to break below the trend line support as you can see on my daily chart below, hit 1.5487. The major bearish scenario remains intact, but the trend line support could be a bottom for now and further upside consolidation could be seen as we are entering the end of the year. The bias is bullish in nearest term testing 1.5550. Immediate support at 1.5400. Break below that area would keep the bearish scenario remains strong but still need a clear break below the trend line support to continue the bearish scenario testing 1.5300 and 1.5000.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusddaily3-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusddaily3.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF was indecisive yesterday, but had some bearish pressure earlier today in Asian session, struggling around 0.9550 support area. The bias is bearish in nearest term especially if price able to make a clear break below 0.9550 targeting 0.9461. Immediate resistance at 0.9600 (current high). Break above that area could lead us to neutral zone in nearest term but as long as price moves inside the bearish channel we are still in major bearish outlook.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh417-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh417.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY continued its bearish pressure earlier today in Asian session, hit 82.47. The bias remains bearish in nearest term especially if price able to break below 82.33 targeting 81.65 and testing the trend line support. Immediate resistance at 82.80. Break below that area could lead us to neutral zone in nearest term testing 83.10/50 region.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart20-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart20.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY corrected higher earlier today in Asian session, hit 109.50 resistance area. A clear break above that area could trigger further bullish consolidation testing 110.10/50. Immediate support at 108.90. Break below that area would keep the bearish scenario remains strong but still need a clear break below 108.33 to continue the bearish scenario targeting 107.30.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh419-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh419.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bearish bias, but still unable to make a clear break below 127.44 so far. The bias remains bearish in nearest term with 126.50 as the nearest target. However note that we are entering the end of the year where some upside consolidation may occur. Expected range for the remaining days of 2010 between 128.75 – 126.50.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpydaily3-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpydaily3.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD continued its bullish bias earlier today in Asian session, hit 1.0088. The bias remains bullish in nearest term especially if price able to make a clear break above 1.0090 targeting all time high at 1.0182. Immediate support remains around 0.9987. Break below that area could lead us to neutral zone in nearest term but as long as price moves inside the bullish channel we are still in strong bullish outlook, aiming for new historical highs.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh419-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh419.jpg)

[محمد نوارج]

بالتوفيق يا ريس ..،

[m.youssif]

EURUSD Forecast
The EURUSD made a false breakout yesterday, topped at 1.3273 but whipsawed to the downside, closed at 1.3108 and hit 1.3083 earlier today in Asian session. This false breakout gives us a technical clue that Euro could have more downside pressure. On daily chart below, I made a new alternative trend line support (white) to show that critical support area around 1.3000 – 1.2900 is being tested now. This support area could still hold for the remaining days of 2010 and long counter trend intra-day position anticipating bullish correction/consolidation does make sense technically, but for me it is clear that the bias is more to the downside and I still prefer a bearish scenario. Immediate resistance at 1.3170 – 1.3200. Break above that area could trigger further upside consolidation testing 1.3300 resistance area but false breakouts remain highly potential.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusddaily1-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusddaily1.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD attempted to push higher yesterday, topped at 1.5509 but whipsawed to the downside, bottomed at 1.5344 and now struggling around 1.5400. It’s a volatile and a little bit difficult market especially for intra-day traders but from a broader outlook, it’s not difficult to see that overall bias remains strongly bearish. Trading in the end of the year is never easy as consolidation usually happen, making some false breakout/down. Note that although the major scenario is clearly more to the downside, price still unable to make a clear break below the trend line support so far. Price may slip several times below the trend line, but the trend line remains a strong support and may hold for the remaining days of 2010. Nearest bearish target is seen around 1.5300. Immediate resistance at 1.5450 – 1.5500. I prefer to stand aside until next year, but will keep my eyes on price action around the trend line support.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusddaily4-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusddaily4.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF continued its bearish pressure yesterday, bottomed at 0.9437 but closed higher at 0.9518. As long as price stay below 0.9550 the nearest bias remains bearish re-testing 0.9437 – 0.9400 which could be an important daily support for the remaining days of 2010. I personally will stop trading until next year. A break above 0.9550 could trigger further upside pullback testing 0.9600 but as long as price moves inside the bearish channel the major scenario remains strongly bearish.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh418-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh418.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY attempted to push lower yesterday, bottomed at 81.81 but closed higher at 82.41 after “landed” perfectly at the trend line support as you can see on my h4 chart below. The bias is neutral in nearest term but overall pressure remains bearish. We need a clear break below the trend line support and 81.81 to continue the bearish scenario testing 80.00 region. Immediate resistance at 82.80. Break above that area could trigger further upside pullback testing 83.50.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart21-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart21.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY continued its bearish momentum yesterday after failed to break above 109.50, bottomed at 107.61 and closed at 108.04. The bias is bearish in nearest term targeting 107.30 even 106.25 support area. Immediate resistance at 108.33. Break above that area could lead us to neutral zone in nearest term with 109.50 resistance area to be re-tested but I still prefer a bearish scenario.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh420-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh420.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bearish momentum yesterday, bottomed at 126.10 and closed at 126.62. The bias remains bearish in nearest term especially if price make another break below 126.10 targeting 125.30 area. Immediate resistance at 127.50. Break above that area could lead us to neutral zone in nearest term but the major scenario remains strongly bearish and I still prefer a bearish scenario at this phase.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh416-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh416.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD attempted to push higher yesterday, topped at 1.0151 but closed lower at 1.0091 on broad Dollar strength. We are in critical technical/psychological area where price is now targeting long time high at 1.0182. Long term traders may look for a potential double top bearish scenario around 1.0182 with a big downside target but limited risk ( I personally very interested in doing that) while it’s a good idea for intra-day traders to stand aside until next year before jump into the market. Immediate support at 1.0087 (current low). Break below that area could trigger further bearish pullback testing 1.0000 – 0.9987 support area but nearest term bias remains bullish as long as price moves inside the bearish channel.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh420-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh420.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD made a convincing bullish correction yesterday, topped at 1.3237 and hit 1.3258 earlier today in Asian session. If you look at the daily chart, it’s the first convincing bullish candle since December 13 and so far I think it’s a normal correction and major scenario remains bearish with 1.3000 – 1.2900 support area to be tested. On h4 chart below we can see price is moving in triangle formation indicates consolidation. The bias is bullish in nearest term testing 1.3300 and the upper line of the triangle. A clear break above the triangle could be a technical threat to the bearish outlook, but note that false breakout remains highly potential. Immediate support at 1.3200 – 1.3170. A clear break below that area could trigger further bearish pressure re-testing 1.3100 – 1.3060 strong support area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart17-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart17.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD also made a significant bullish correction yesterday, topped at 1.5516 and hit 1.5528 earlier today in Asian session. The bias is bullish in nearest term testing 1.5650 resistance area since a bounce from major trend line support could trigger strong upside pullback, but the major scenario remains to the downside as long as price moves inside the bearish channel and any bullish movement now should be considered as a counter trend moves. Immediate support at 1.5450. Clear break below that area could trigger further bearish pressure testing 1.5400 1.5350 support area but looks like we still have some room inside the bearish channel for further potential upside correction especially if price still move above the trend line support.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusddaily5-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusddaily5.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF made another strong bearish momentum yesterday bottomed at 0.9438 and hit 0.9415 earlier today in Asian session. The bias remains bearish in nearest term testing 0.9350. Immediate resistance at 0.9475. Break above that area could lead us to neutral zone in nearest term and may lead us to further upside consolidation in this end of the year testing 0.9550 resistance area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh419-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh419.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY continued its bearish momentum yesterday, broke below the trend line support as you can see on my h4 chart below and hit 81.28 earlier today in Asian session. The bias is bearish in nearest term testing 80.00 for the two remaining days of 2010. Immediate resistance at 81.66 (current high). Break above that area could lead us to neutral zone in nearest term but overall the pressure remains to the downside.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart22-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart22.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY didn’t make significant movement yesterday. The bias is neutral in nearest term with potential range between 108.33 – 107.30 but overall we are still in major bearish outlook. Break above 108.33 could trigger further upside consolidation testing 108.85 – 109.50 resistance area. On the other hand, break below 107.30 could trigger further bearish continuation targeting 106.25.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh421-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh421.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term but we are still in a major strong bearish outlook. On daily chart below we can see price is now testing a crucial support around 126.50/10. Technically, from a broader outlook, there are two possibilities in this kind of situation. First, if this support area hold, strong upside pullback could take place, even a potential starting point for a bullish reversal scenario. Second, bearish scenario would continue if price able to make a clear break below that support area at least targeting 125.30 even much lower. Immediate resistance at 127.05. Break above that area could trigger further bullish pullback testing 127.50/80 resistance area. http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpydaily4-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpydaily4.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD hit 1.0182 yesterday and touched 1.0196 earlier today in Asian session. The bias remains bullish in nearest term aiming for new historical highs. The nearest is around 1.0277 according to daily Fibonacci extension calculation. If you remember yesterday I said that I am interested in anticipating a big bearish reversal scenario. I still do, as the risk reward ratio is very good. As you can see on daily chart below, looks like price is making a Gravestone Doji. This candle is not complete yet, so actually we don’t have a Gravestone Doji yet. Of course there are several possibilities of what kind of candle formation we will have today, but if we do have a Gravestone Doji, it’s a good signal of a bearish reversal scenario with big downside target. Immediate support at 1.0130. We may not have the Gravestone Doji if break below that area testing 1.0087 – 1.000, but psychologically, a big downside correction after touched all time high remains potential regardless of what kind of daily candle we have.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusddaily-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusddaily.jpg)

[greenius]

مشكور ياريس

[m.youssif]

EURUSD Forecast
The EURUSD continued its bullish correction yesterday, slipped above 1.3300 and the triangle formation. This fact could be a serious threat to the major bearish outlook but consolidation movement in the end of the year is not a surprise, so I think it’s too early for a bullish reversal scenario since false breakout remains potential and we may have to wait at least until the first week 0f 2011 to see the “real direction”. However, technical bias remains bullish in nearest term testing 1.3400 – 1.3450 area. Immediate support at 1.3240. Break below that area may produce another false breakout scenario and keep the bearish scenario remains strong with 1.3170 support area as the nearest bearish target. Happy New Year! May we all have a more profitable year.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart18-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart18.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD attempted to push lower yesterday, bottomed at 1.5366 but once again, the trend line support did a good job preventing further bearish pressure as you can see on my daily chart below, and price closed higher at 1.5428 and hit 1.5460 earlier today in Asian session. Overall there are no changes in my daily outlook where major scenario remains bearish but as long as the trend line support hold, we may see another upside attempt. Immediate support at 1.5350. Clear break below that area could be an early signal of a bearish continuation targeting 1.5000. Immediate resistance at 1.5550/75. Clear break above that area could trigger further bullish correction testing the upper line of the bearish channel. Happy New Year! May we all have a more profitable year.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusddaily6-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusddaily6.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF continued its bearish momentum yesterday, bottomed at 0.9342 but corrected higher earlier today in Asian session hit 0.9395. The bias is neutral in nearest term but still in the context of a major bearish scenario with new bearish target around 0.9275. Immediate resistance at 0.9440. Break above that area could trigger further upside correction testing 0.9550. Today is the last day of 2010 so watch out for potential upside consolidation move. Happy New Year! May we all have a more profitable year.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh420-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh420.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term but still in the context of a bearish scenario after the violation of the trend line support targeting 80.00 area. Immediate resistance at 81.84 (yesterday’s high). Break above that area could trigger further upside pressure testing 82.33 which could be a threat to the bearish outlook. Happy New Year! May we all have a more profitable year.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart23-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart23.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY was volatile but indecisive yesterday and now traded above 108.33 indicates potential further bullish consolidation in the last day of 2010 testing 108.85 and 109.50. Overall we are still in major bearish scenario and only a clear break above 109.50 could be a threat to the bearish outlook. On the downside, another move below 108.33 could trigger further bearish attempt testing 107.30 and keep the bearish scenario remains strong. Happy New Year! May we all have a more profitable year.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh422-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh422.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bearish pressure yesterday, slipped below 126.10 and hit 125.48. We are in critical technical point now, where further bearish scenario is potential, targeting 124.50 area in nearest term, even lower. On the upside, immediate resistance at 126.50. Break above that area could lead us to neutral zone in nearest term as price may consolidate in the last day of 2010. Happy New Year! May we all have a more profitable year.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpydaily5-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpydaily5.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD was indecisive yesterday, made a Doji on daily chart. This Doji makes me look at the other Doji on November 05, where price made a big downside correction after touched the all time high at 1.0182 as you can see on my daily chart below. Will it be the same scenario this time? No one can tell but it is potential, even with a double top bearish scenario which could create further downside scenario lower than 0.9536 from a long term outlook. Very tempting scenario don’t you think? The bias is neutral in nearest term. Clear break above 1.0182/90 could trigger further bullish momentum aiming for 1.0277 new historical high projection and may cancel the double top bearish reversal scenario. Immediate support at 1.0100. Break below that area could be an early validation of a double top bearish reversal scenario. Happy New Year! May we all have a more profitable year.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusddaily1-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusddaily1.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD was corrected higher last week as Dollar was broadly lower in the last week of 2010. My medium outlook remains neutral as price still moves in range area of 1.2968 – 1.3497 as you can on my daily chart below. I still prefer a bearish scenario, but if price makes a clear break above 1.3497 this week, I have no technical reason to maintain my bearish outlook with 1.3600 – 1.3750 resistance area to be tested. Earlier today in Asian session, the pair was traded lower, hit 1.3276 after peaked at 1.3423 on Friday. The bias is bearish in nearest term especially if price make further downside break below 1.3270 testing 1.3200 – 1.3170 support area. Immediate resistance at 1.3323. Break above that area could lead us to neutral zone in nearest term, but would give another chance for further upside pressure testing 1.3497 key resistance area. On the downside, bearish continuation scenario would have further validation on a clear break below the trend line support.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurusddaily-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurusddaily.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD continued its bullish correction on Friday as Dollar was broadly lower during the last week of 2010, topped at 1.5663 but traded lower earlier today in Asian session and hit 1.5531. The bias is neutral in nearest term. We are still in bullish correction phase, but as long as price moves inside the bearish channel the major scenario remains to the downside. Immediate support at 1.5475. Break below that area could trigger further bearish pressure testing 1.5400 – 1.5350 but as long as the trend line support hold, we may see another strong upside rebound and market likely to remain volatile. Immediate resistance at 1.5600. Clear break above that area could trigger further bullish momentum targeting 1.5650 – 1.5700 and the upper line of the bearish channel which could be a serious threat to the bearish outlook.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpusdh4chart-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpusdh4chart.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF was indecisive on Friday, made a Doji on Daily chart. The bias is neutral in nearest term but still within a context of major bearish scenario. Immediate resistance at 0.9395 followed by 0.9440. Immediate support at 0.9300 – 0.9275 which is remain the nearest bearish target. Below that support area, 0.9200 – 0.9000 would be the next bearish target.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdchfh4-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdchfh4.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY ended 2010 with bearish bias after violated the trend line support, hit 80.93 on Friday but corrected higher earlier today in Asian session, struggling around 81.30 area. The bias remains bearish in nearest term still targeting 80.00 support area especially if price able to make another break below 80.93. Immediate resistance at 81.80. Break above that area could lead us to neutral zone in nearest term testing 82.33. Overall CCI indicator still moves in negative territory suggests potential downside pressure.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdjpyh4chart-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdjpyh4chart.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY attempted to push higher on Friday, topped at 108.90 but traded lower earlier today in Asian session, hit 107.92. The bias is bearish in nearest term testing 107.30 and 106.25. Immediate resistance at 108.45 (current high). Break above that area could lead us to neutral zone in nearest term re-testing 108.90, but only a clear break above 109.50 could be a serious threat to the current bearish outlook.
http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurjpyh4-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurjpyh4.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY was corrected high on Friday, topped at 126.98 and struggling around 126.50 at the time I wrote this comment, moves in a volatile but ranging market condition since Thursday. This fact should not be a surprise as from a longer term outlook on daily chart price is in critical phase, testing a major support as you can see on my daily chart below. The major scenario remains bearish, but note that the horizontal line could be a potential bottom for now. However, I see no technical bullish reversal signal so far, so I still prefer a bearish scenario at this phase especially if price able to make another strong break below 125.50 targeting 124.50. On the upside, a break above 127.00 could trigger further bullish pullback testing 127.50 which could open the door for further bullish pullback as we have no significant bullish correction since the strong bearish move from the mid of December but until I see a potential bullish reversal signal, I am still in a bearish mode. http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpjpydaily-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpjpydaily.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD continued its bullish momentum on Friday, made a new historical high at 1.0256 and so far still able to move above 1.0182 key level. While a big downside correction scenario may still interested for a long term traders, nearest term bias remains strongly bullish targeting 1.0277 – 1.0300 new historical high projection. Immediate support at 1.0178. Clear break below that area could trigger further bearish pullback testing 1.0100.
http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/audusddaily-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/audusddaily.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD was volatile but indecisive yesterday. There are no significant technical movement so far and overall still ranging between 1.3500 – 1.2968. This trendless/consolidation market is not an ideal condition to have any position. Be patient and do not rush jump into the market. The bias is neutral both in nearest and medium term. Immediate resistance at 1.3400. Clear break above that area could trigger further bullish pressure testing 1.3500. Immediate support at 1.3300. Break below that area could trigger further bearish pressure re-testing 1.3250 (yesterday’s low). I still prefer a bearish scenario, but a clear break above 1.3500 could be an early signal of a bullish reversal scenario and would activate my bullish mode.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurusdh4chart-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurusdh4chart.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD had a moderate bearish momentum yesterday. The major scenario remains bearish as long as price still moves inside the bearish channel, but need a clear break below the trend line support, which has proven itself as a strong support area at this phase. I only see potential good trades to short around the upper line of the bearish channel (around 1.5700) or long around the trend line support (around 1.5370 – 1.5400) with tight stop loss. Any trades between those area is not “safe” for me, as short term volatility could easily hit our stop loss as market remains consolidating without clear direction and consistent momentum and the risk-reward ratio is bad. I still prefer a bearish scenario and expect a clear break below the trend line support, but until that happen, we have no further validation for the bearish continuation scenario. Be patient.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpusdh4chart1-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpusdh4chart1.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF made another indecisive movement yesterday, made another Doji on Daily chart. The bias remains neutral in nearest term and we may now enter the consolidation phase with potential upside correction, but the main scenario remains strongly bearish. Immediate resistance remains at 0.9395 followed by 0.9440. On the downside, clear break below 0.9300 could trigger further bearish momentum testing 0.9200 region.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdchfh41-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdchfh41.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY had a significant bullish momentum yesterday, topped at 81.74 and hit 81.93 earlier today in Asian session. If you look at the daily chart, yesterday’s bullish candle was the first convincing bullish candle since strong bearish momentum from 84.35, so this was a normal bullish correction. However, the bias remains bullish in nearest term targeting 82.33. A clear break above that area could trigger further short term bullish momentum and change the medium term outlook from bearish to neutral. On the downside, we need another clear break below 81.30 to keep the strong bearish scenario intact still targeting 80.00 support area.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdjpyh4chart1-300x187.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdjpyh4chart1.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY failed to continue its bearish bias yesterday, violated the minor bearish channel to the upside as you can see on my h4 chart below. The bias is bullish in nearest term especially if price able to make a clear break above 109.50 testing 110.10/50 and could be a serious threat to the major bearish scenario. Immediate support at 108.60. Break below that area could trigger further bearish pressure re-testing 107.30 and keep the bearish scenario remains strong as a false breakout scenario could be produced.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurjpyh41-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurjpyh41.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bullish correction yesterday and hit 126.94 earlier today in Asian session. The bias is bullish in nearest term testing 128.00 as the failure to make a clear break below the horizontal support area could trigger some upside rebounds. If we look at the daily chart, the bullish correction/consolidation move in the last two days is actually a normal correction and the major scenario remains bearish, but unless price make a clear break below 125.50, we may see further upside pullback. Immediate support at 126.33 (current low). Break below that area could lead us to neutral zone in nearest term but would give a bearish pressure another chance to test 125.50 support area.
http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpjpydaily1-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpjpydaily1.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD was corrected lower yesterday, bottomed at 1.0149 and hit 1.0122 earlier today in Asian session. The bias is bearish in nearest term especially if price able to break below 1.0115/20 support area testing 1.0050/00. On the upside, another movement above 1.0182 would keep the major bullish scenario strong, testing 1.0228/56 before set to make further historical highs.
http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/audusdh4-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/audusdh4.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD attempted to push higher yesterday, topped at 1.3431 but whipsawed to the downside, closed at 1.3309. Medium bias remains neutral/unclear as price still trapped in range area of 1.3500 – 1.2968. On h4 chart below we can see price slipped below the minor bullish channel indicates potential bearish bias in nearest term testing 1.3200 – 1.3170 support area but I’m only interested shorting the Euro around 1.3500. Immediate resistance at 1.3370. Break above that area could lead us to neutral zone in nearest term testing 1.3400/50 but only a clear break above 1.3500 would be a threat to the bearish outlook. Overall price still consolidation without clear direction and consistent momentum so do not rush jump into the market.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurusdh4chart1-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurusdh4chart1.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD continued its bullish correction yesterday, topped at 1.5644 and closed at 1.5595, made another bullish daily candle. The bias is bullish in nearest term testing 1.5700 and the upper line of the bearish channel. As long as the bearish channel hold, the major scenario remains bearish so the upper line of the bearish channel still a good place for a short position, but a valid violation to the bearish channel could be an early signal of a bullish reversal and activate my bullish mode testing 1.6000 region. Immediate support at 1.5550. Break below that area could lead us to neutral zone in nearest term testing 1.5500 – 1.5450 but as long as price moves above the trend line we are still in consolidation phase with a neutral medium bias.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpusdh4chart2-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpusdh4chart2.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF made a significant bullish correction yesterday, topped at 0.9515 and closed at 0.9478. The bias is bullish in nearest term testing 0.9550 and the upper line of the bearish channel. A clear break above the bearish channel could be a threat to the current bearish outlook with potential bullish reversal scenario testing 0.9750 area. Immediate support at 0.9440. Break below that area would keep the major bearish scenario remains strong testing 0.9350/00 support area.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdchfh42-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdchfh42.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY continued its bullish correction yesterday but still unable to break above 82.33 so far. The bias remains bullish in nearest term but need a clear break above 82.33 to continue the bullish correction, lead us to neutral medium bias testing 82.80 resistance area even higher. Immediate support at 81.70. Break below that area could lead us to neutral zone in nearest term and only a clear break below 81.30 would re-activated my bearish mode testing 80.00.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdjpyh4chart2-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdjpyh4chart2.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY attempted to push higher yesterday, topped at 110.22 but closed significantly lower at 109.26 in a high volatile market. The bias is neutral in nearest term. On h4 chart below we can see price made a strong bearish pullback after slipped above the trend line resistance indicates a potential false breakout scenario which could trigger further bearish pressure in nearest term testing 108.60 and 107.30 support area. We are at critical technical point here, where a clear break above the trend line resistance and consistent move above 110.22 could be an early signal of a bullish reversal scenario.
http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurjpyh42-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurjpyh42.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY made a significant bullish correction yesterday, topped at 128.57 and closed at 128.01. The bias is bullish in nearest term testing 129.30 resistance area which could be a key level at this phase. The arrows as seen on my daily chart below give a good view about two potential scenarios. Overall we are still in a major bearish outlook, but a clear break above 129.30 could be an early signal of a bullish reversal scenario. On the other hand, a failure to break above 129.30 and a movement back below 127.00 would keep the bearish scenario remains strong still targeting 125.50 even lower. http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpjpydaily2-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpjpydaily2.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD continued its bearish correction yesterday, bottomed at 1.0027 and closed at 1.0054. The bias remains bearish in nearest term testing 0.9987 and the trend line support (white). Medium bias remains bullish, but after hit historical highs, we still have potential big downside correction from here. A clear break below 0.9987 could be an early signal of a major big bearish reversal, gives us further confirmation of a bearish short term outlook testing 0.9900, but only a clear break below 0.9550 would give further validation to the long term big bearish reversal scenario. It’s a long way to go and movement could remain tricky with broad Dollar consolidation is still in play.
http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/audusdh41-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/audusdh41.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD had a bearish momentum yesterday, bottomed at 1.3125 and closed at 1.3149. The bias remains bearish in nearest term testing 1.3000 – 1.2968 key support area but note that overall we are still trapped in range area as you can see on my daily chart below and need a clear break below the trend line support to continue the major bearish scenario. Immediate resistance at 1.3200. Break above that area could lead us to neutral zone in nearest term testing 1.3250 – 1.3300.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurusddaily1-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurusddaily1.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday. The bias is bearish in nearest term but overall we are still in consolidation phase without clear direction and consistent momentum. On h4 chart below we can see that during the major bearish move, price made some upside corrections before continue to move lower after broke below some minor trend line supports. Now, price is testing another minor trend line support. Break below that minor trend line support and 1.5450 support area could trigger further bearish pressure testing 1.5370/50 but note that the major trend line support remains a strong support at this phase and the major bearish continuation scenario testing 1.5000 would be validated only by a clear break below that major trend line support. Immediate resistance at 1.5550. Break above that area could lead us to neutral zone in nearest term testing 1.5600 – 1.5650.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpusdh4chart3-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpusdh4chart3.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF continued its bullish momentum yesterday, violated the bearish channel as you can see on my h4 chart below indicates bearish failure and potential bullish reversal scenario. The bias remains bullish in nearest term targeting 0.9750 – 0.9800 resistance area. Immediate support at 0.9600. Break below that area could lead us to neutral zone in nearest term testing 0.9550.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdchfh43-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdchfh43.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY continued its bullish momentum yesterday. On h4 chart below we have a big bullish candle as price made a strong breakout above 82.33. The bias remains bullish in nearest term testing 84.40, which is a key resistance area at this phase. Break above that area could be an early signal of a long term bullish reversal scenario. Immediate support at 82.80. Break below that area could lead us to neutral zone in nearest term as direction would become unclear testing 82.33 support area.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdjpyh4chart3-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdjpyh4chart3.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY made another volatile but indecisive movement yesterday. The bias remains neutral in nearest term. As long as price moves below the trend line resistance, the overall bias should be more to the downside. Immediate support at 109.00. Break below that area could trigger further bearish pressure testing 108.60 – 107.80 support area. On the upside, consistent move above 110.22 and trend line resistance could be a serious threat to the bearish scenario and could be an early signal of a bullish reversal scenario.
http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurjpydaily-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurjpydaily.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bullish momentum yesterday on a broad Yen weakness but so far still unable to move consistently above 129.30. The bias remains bullish in nearest term but need a clear break above 129.30 to continue the bullish scenario targeting 130.30 in nearest term even higher as my bullish reversal scenario would be validated. Immediate support at 128.50. Break below that area could lead us to neutral zone in nearest term but would keep the major bearish scenario remains strong testing 127.50 – 126.50 support area. http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpjpydaily3-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpjpydaily3.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD continued its bearish correction yesterday, slipped below the trend line support as you can see on my h4 chart below. The bias remains bearish in nearest term testing 0.9900 – 0.9860 support area. Immediate resistance at 1.0013 (current high). Break above that area could lead us to neutral zone in nearest term testing 1.0075 – 1.0100.
http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/audusdh42-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/audusdh42.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD continued its bearish momentum yesterday, bottomed at 1.2983 and hit 1.2969 earlier today in Asian session. The bias remains bearish in nearest term, testing 1.2920 and the trend line support. From another technical perspective as you can see on my daily chart below, the trend line support is also the neckline of a head and shoulders pattern. A clear break below the neckline would confirm the bearish continuation scenario at least testing 1.2700 – 1.2600 area. Immediate resistance at 1.3040. Break above that area could lead us to neutral zone in nearest term. Note that as long as the trend line support/neckline hold, we are still in consolidation phase where bearish continuation scenario is not validated yet. Fundamental focus on the US NFP number today, which is expected to be good, forecast around 159K with previous number only 39K. A better than expected US NFP number could send the Euro lower below the neckline and confirm the bearish continuation scenario while a worse than expected number could prevent further bearish pressure and keep price in range area but I think overall the pressure remains to the downside.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurusddaily2-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurusddaily2.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD attempted to push higher yesterday, topped at 1.5562 but whipsawed to the downside, bottomed at 1.5445 and hit 1.5435 earlier today in Asian session. On h4 chart below we can see price slipped below the minor trend line support indicates potential further bearish pressure testing 1.5370/50 and the trend line support in nearest term, but note that as long as price stay above the trend line support we are still in consolidation phase. Immediate resistance at 1.5525/50 area. Break above that area could lead us to neutral zone in nearest term testing 1.5600/50. Fundamental focus on the US NFP number today, which is expected to be good, forecast around 159K with previous number only 39K. A better than expected US NFP number could push Sterling lower testing the trend line support while a worse than expected result could prevent further bearish pressure and keep price in range area, but the major scenario remains to the downside.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpusdh4chart4-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpusdh4chart4.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term but still with more upside bias after the violation of the bearish channel testing 0.9750 – 0.9800 resistance area. Immediate support remains around 0.9600 followed by 0.9550. Fundamental focus on US NFP today.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdchfh44-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdchfh44.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term but overall still with more upside bias after the false breakdown below the trend line support and strong break above 82.33 testing 84.40 key resistance area. Immediate support remains around 82.80. Break below that area could trigger further bearish pullback testing 82.33 support area.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdjpyh4chart4-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdjpyh4chart4.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY had a bearish momentum yesterday, bottomed at 108.10 and closed at 108.26. The bias is bearish in nearest term testing 107.30 before targeting 106.25 support area. Immediate resistance at 109.00 and the trend line resistance (around 109.50). A clear break above the trend line resistance could be a threat to the bearish scenario and potential bullish reversal scenario.
http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurjpydaily1-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurjpydaily1.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY was indecisive yesterday. The bias is neutral in nearest term and we are still in critical phase with 129.30 as a key resistance area, where a clear break above that area could be an early signal of a bullish reversal scenario at least testing 130.30. Immediate support at 128.41 (yesterday’s low). Clear break below that area could trigger further bearish pressure targeting 128.00 – 127.50 support area and could be an early signal of bearish continuation testing 126.50 even lower. http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpjpydaily4-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpjpydaily4.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD continued its bearish correction yesterday, bottomed at 0.9927 and hit 0.9918 earlier today in Asian session. The bias remains bearish in nearest term as a psychological correction after hit historical high and the breakdown below the trend line support as you can see on my h4 chart below testing 0.9860. We already have four consecutive bearish daily candles since the fall from 1.0256 so any upside pullback is normal. Immediate resistance at 0.9987 – 1.0013. Break above that area could lead us to neutral zone in nearest term as price would be in consolidation phase both on nearest and medium term outlook.
http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/audusdh43-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/audusdh43.jpg)

[m.youssif]

EURUSD Weekly Summary: Slipped below the neckline, Euro could hit 1.2700 – 1.2600 next week


The EURUSD had a significant bearish movement this week, made a big bearish candle on weekly chart, hit 1.2900 support area and slipped below the neckline of the head and shoulders pattern as you can see on my daily chart below, suggests potential bearish continuation scenario testing 1.2700 – 1.2600 area next week especially if price able to make convincing move below the neckline and 1.2900 support level. Immediate resistance at 1.3020 (Friday’s high). Break above that area could trigger further upside correction testing 1.3150 region and lead us back to a range market, but unless we have big surprise on Euro fundamental condition that could create a sentiment shift , I think overall the pressure should remain strongly bearish.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurusddaily3-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurusddaily3.jpg)

[محمد نوارج]

جزاكَ الله كل خير يا غالي ..،

[m.youssif]

EURUSD Forecast
The EURUSD attempted to push lower earlier today in Asian session, hit 1.2884 but corrected higher traded around 1.2925 at the time I wrote this comment. The bias remains bearish in nearest term especially if price able to make another strong break below 1.2884 testing 1.2828 – 1.2800 support area before targeting 1.2700 – 1.2600 this week as the head and shoulders bearish scenario would have further validation. Immediate resistance at 1.2970. Break above that area could lead us to neutral zone in nearest term testing 1.3020 resistance area but any upside correction after strong bearish movement last week is normal and my major technical outlook remains strongly bearish for the single currency.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurusddaily4-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurusddaily4.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD was corrected higher on Friday, topped at 1.5578 and closed at 1.5544. Overall this pair is still consolidating with the upper line of the bearish channel and the trend line support as key resistance and support area. Aggressive intra-day traders may short around the upper line of the bearish channel (around 1.5650) or long around the trend line support (around 1.5400 – 1.5370) with tight stop loss. A clear break above the bearish channel could be a serious threat to the technical bearish outlook while a clear break below the trend line support would confirm the bearish continuation scenario targeting 1.5000 this week. The bias is bullish in nearest term testing 1.5650 resistance area. Clear break above that area and violation to the bearish channel could be an early signal of a bullish reversal scenario. Immediate support at 1.5500. Break below that area could trigger further bearish pressure testing the trend line support and 1.5400 – 1.5370 key support area.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpusdh4chart5-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpusdh4chart5.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF made another indecisive movement on Friday. There are no changes is my daily technical outlook. The bias remains neutral in nearest term but still with more upside bias after the violation of the bearish channel testing 0.9750 – 0.9800 resistance area especially if price break above the flag formation as you can see on my h4 chart below. Immediate support remains around 0.9600 followed by 0.9550.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdchfh45-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdchfh45.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY made another indecisive movement on Friday, made another Doji on daily chart. There are no changes in my daily technical outlook. The bias remains neutral in nearest term but still with more upside bias after the false breakdown below the trend line support and strong break above 82.33 testing 84.40 key resistance area. Immediate support remains around 82.80 (short blue horizontal line). Break below that area could trigger further bearish pullback testing 82.33 support area.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdjpyh4chart5-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdjpyh4chart5.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY continued its bearish momentum on Friday, bottomed at 106.93 and now struggling around 107.30 support area. The bias remains bearish in nearest term targeting 106.25 before testing 105.42. Immediate resistance at 107.60. Break above that area could lead us to neutral zone in nearest term testing 108.00/50 but overall we are still in strong bearish outlook for this pair.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurjpydaily2-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurjpydaily2.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY still maintain its bullish correction bias on Friday but still struggling around 129.30 key resistance area. The bias is bullish in nearest term especially if price able to move convincingly above 129.30 targeting 130.30 and could be an early signal of a bullish reversal scenario. Immediate support at 128.50 and the lower line of the bullish channel as you can see on my h1 chart below. Clear break below that area could trigger further bearish pressure testing 128.00 – 127.50 support area and could be an early signal of bearish continuation scenario testing 126.50 even lower.
http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpjpyh1-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpjpyh1.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD was indecisive on Friday, made a Doji on daily chart. The bias is neutral in nearest term but still within the context of a bearish correction phase after made a new all time high at 1.0256 on the last day of 2010. Immediate resistance at 0.9987 followed by 1.0075. Break above 1.0075 could end the short term bearish correction phase re-testing 1.0182 – 1.0256 historical high levels. Initial support at 0.9900. Clear break below that area could trigger further bearish correction continuation testing 0.9860 – 0.9830 support area before testing 0.9750 area.
http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/audusddaily1-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/audusddaily1.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD made a strong bullish correction yesterday, topped at 1.3143 which is around 50% Fibo retracement of 1.3431 – 1.2873. On h4 chart below we have two convincing bullish candles indicate a strong bullish pressure. The bias remains bullish in nearest term especially if price able to make another strong break above 1.3150 targeting 1.3250. Immediate support at 1.3060. Break below that area could lead us to neutral zone in nearest term testing 1.3000. Although from broader outlook the current bullish momentum is still a counter trend move and only a move above 1.3500 could be a signal of a bullish reversal scenario, the strong bullish correction in the last three days suggests that it’s not the time to short the pair. We can wait patiently and do nothing due to conflicting multi time frames technical bias or aggressive intra-day traders can keep on buying the Euro taking advantage of short term strong bullish bias with very tight stop loss because major bearish wave could come back anytime as Euro zone fundamental condition still in negative outlook.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurusdh4chart3-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurusdh4chart3.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD had a significant bullish momentum yesterday made a big daily candle, topped at 1.5778 and closed at 1.5744, give further validation to the bullish reversal scenario. The bias remains bullish in nearest term targeting 1.5900 before testing 1.6000. Immediate support at 1.5650. Break below that area could lead us to neutral zone in nearest term as direction would become unclear.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpusdh4chart7-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpusdh4chart7.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF failed to continue its bullish momentum yesterday, bottomed at 0.9660 and closed at 0.9664. Broad Dollar weakness this week prevents further bullish pressure. The bias is neutral in nearest term. We need a clear break above 0.9800 to continue the bullish scenario targeting 1.0000 resistance area. I still prefer a bullish scenario but a break below 0.9550 key support area could be a serious threat to the bullish outlook. I will stand aside for now.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdchfh48-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdchfh48.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY failed to continue its bullish momentum yesterday and so far the upper line of the bearish channel does a good job preventing further upside pressure. The bias is neutral in nearest term. Price has been moving in range area since January 06 with no clear direction and consistent momentum. I will stand aside for now. I still prefer a bullish scenario but need a clear break above the bearish channel to continue the bullish scenario targeting 84.40. Immediate support remains around 82.80 followed by 82.33.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdjpyh4chart8-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdjpyh4chart8.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY continued its bullish correction yesterday, topped at 109.06 and now struggling around the trend line resistance as you can see on my h4 chart below. The bias remains bullish in nearest term but note that we need a clear break above the trend line resistance to cancel the major bearish outlook and take us to a new bullish phase especially if price able to make a clear break above 109.50 at least testing 110.20 region. Immediate support at 108.30. Break below that area could lead us to neutral zone in nearest term, keep the major bearish scenario intact testing 107.60 support area.
http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurjpyh43-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurjpyh43.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bullish momentum yesterday, topped at 131.12 and closed at 130.71. Although market is likely to remain highly volatile, this fact gives further validation to the bullish reversal scenario targeting 133.00 resistance area. Immediate support at 130.30. Break below that area could lead us to neutral zone in nearest term testing 129.30 but I still prefer a bullish scenario at this phase. http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpjpyh42-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpjpyh42.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD had a strong bullish momentum yesterday, topped at 0.9965 and closed at 0.9956 on a broad Dollar weakness. The bias is bullish in nearest term especially if price able to make another strong break above 0.9987 targeting 1.0030/70. Immediate support at 0.9885. Break below that area could trigger further bearish pressure testing the double bottom formation around 0.9800. We need a clear break below the double bottom formation to keep the bearish scenario intact. Otherwise, the double bottom formation can be a good reason to end the bearish phase and we may see further upside pressure aim for new historical highs. I personally still prefer a big bearish correction scenario, but we should trade what we see, not what we expect.
http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/audusddaily3-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/audusddaily3.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD was volatile but indecisive on Friday. Overall we are still in short term bullish phase since the rejection to consistently move below the trend line support/neck line (white) last week but note that actually price still trapped in range area of 1.3500 – 1.2950/00 in medium term outlook as you can see on h4 chart below and some people could be interested in selling the Euro around 1.3450 – 1.3500 resistance area at this phase due to a good risk-reward ratio there. Immediate support at 1.3300. Break below that area could lead us to neutral zone in nearest term testing 1.3200 – 1.3170 support area. On the upside, a clear break above 1.3500 could lead us to a new bullish reversal phase.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurusdh4chart5-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurusdh4chart5.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD had a limited bullish momentum on Friday. The bias is neutral in nearest term but still within the context of a strong bullish reversal after the violation to the bearish channel especially if price able to make another strong breakout above 1.5900 targeting 1.6000. Immediate support at 1.5780. Clear break below that area could lead us to neutral zone in nearest term testing 1.5650 but I still prefer a bullish scenario at this phase.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpusdh4chart9-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpusdh4chart9.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF made another indecisive movement on Friday, made another Doji on daily chart. The bias remains neutral in nearest term and price still consolidate in range area of 0.9550 – 0.9800 and need a clear break on either side to see clearer direction. Aggressive intra-day traders may long around 0.9550 or short around 0.9800 with tight stop loss. I personally still prefer a bullish scenario and expecting a nice breakout above 0.9800 targeting 1.0000 this week.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdchfh410-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdchfh410.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY was indecisive on Friday. Overall we are still in short term bearish bias as price still moves inside the bearish channel. I still prefer a bullish scenario and for me 82.33 area remains a good area for a long position with a good risk-reward ratio targeting 84.40 resistance level. A clear break below 82.33 could trigger further bearish momentum testing 81.00 before re-testing 80.00 support area which could be a threat to my bullish outlook.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdjpyh4chart10-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdjpyh4chart10.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY was able to maintain its bullish bias on Friday but corrected lower today traded around 110.30 at the time I wrote this comment. The bias is neutral in nearest term but still within the context of a bullish reversal scenario after the break out above the trend line resistance with 111.60 as the nearest bullish target. Immediate support at 110.00 followed by 109.50. A break below 109.50 could lead us to neutral area as direction would become unclear and would re-open the door to the downside testing 107.60 support area.
http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurjpyh45-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurjpyh45.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY was volatile on Friday but overall still maintain its strong bullish outlook, still targeting 133.00 especially if price able to make another strong break above 131.85 area. Immediate support at 130.40. Break below that area could lead us to neutral zone in nearest term but as long as price stays above 129.30 I still prefer a bullish scenario at this phase. http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpjpyh44-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpjpyh44.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD had a significant bearish momentum on Friday and slipped below 0.9885 today after failed to break above 1.0o20 resistance area. The bias is bearish in nearest term testing the double bottom formation around 0.9800 but note that we are still in consolidation phase and need a clear break below 0.9800 to continue the bearish scenario and re-activate my bearish mode targeting 0.9550 this week. On the upside, immediate resistance at 0.9915 (current high). Break above that area could lead us to neutral zone in nearest term and keep the double bottom bullish scenario intact re-testing 1.0020 area.
http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/audusddaily5-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/audusddaily5.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD had a bearish momentum yesterday, continued the bearish short term bias after unable to make further upside pressure testing 1.3500 key resistance area on Friday. While medium term outlook remains neutral as price still moving in a wide range area of 1.3500 – 1.2950/00, nearest term technical bias still suggest more bearish potential especially if price able to make a clear break below 1.3244/50 testing 1.3150 support area. As you can see on my h1 chart below, 1.3250 support area is a key intra-day support level that should be watched closely as any price action around that level could be very important for intra-day trading activity. Immediate resistance at 1.3320. A failure to make a clear break below 1.3250 and break above 1.3320 could trigger further bullish momentum re-testing 1.3450 – 1.3500 key resistance area.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurusdhourly2-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurusdhourly2.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term. A look on daily chart shows us that price is making smaller bullish candle in the last three trading days compared to the big bullish candle on January 12 suggests that the bullish power is decreasing, but for me that is just a normal consolidation and still within the context of a bullish scenario testing psychological level at 1.6000 which is a key level at this phase. Clear break above that area could trigger further bullish scenario testing 1.6300 this week. Immediate support at 1.5834 (yesterday’s low). Break below that area could trigger further bearish pullback testing 1.5780. Below 1.5780, we have 1.5650 as a key support level. I don’t expect a movement below 1.5650 as it would be a threat to the bullish scenario.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpusdh4chart10-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpusdh4chart10.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF made another indecisive movement yesterday. The bias remains neutral in nearest term and there are no changes in my daily technical outlook. Price still consolidate in range area of 0.9550 – 0.9800 and need a clear break on either side to see clearer direction. Aggressive intra-day traders may long around 0.9550 or short around 0.9800 with tight stop loss. I personally still prefer a bullish scenario and expecting a nice breakout above 0.9800 targeting 1.0000 this week.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdchfh411-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdchfh411.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY made another indecisive movement yesterday. Price attempted to push lower but once again, 82.33 support area did a good job preventing further bearish pressure. The bias remains neutral in nearest term as price still consolidate lower after a strong break above 82.33 with nearest bullish target remains around 84.40. There might be another downside attempt today but I still prefer a bullish scenario until the 82.33 support area is clearly broken to the downside testing 81.00 and 80.00 support area.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdjpyh4chart11-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdjpyh4chart11.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY was corrected lower yesterday and now seems ready to test 109.50 support area, but as long as price stays above 190.50, we are still in a bullish scenario. In fact, although nearest technical bias is bearish, 190.50 is a good level for a long position as the risk-reward ratio is very good there with small stop loss and big potential bullish target at 111.60. However, a clear break below 109.50 could trigger further bearish pressure testing 108.70 and could be a threat to the bullish outlook testing 107.60.
http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurjpyh46-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/eurjpyh46.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY was indecisive yesterday. The bias is neutral in nearest term but still within the context of a bullish scenario targeting 133.00 this week especially if price able to make another strong break above 131.85 area. Immediate support remains at 130.40. Break below that area could trigger further bearish pullback in nearest term but as long as price stays above 129.30 I still prefer a bullish scenario at this phase. http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpjpyh45-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpjpyh45.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD was volatile but indecisive yesterday. The bias is neutral in nearest term and I think we are in a no trade zone now. Overall we are still in a bearish correction phase since the pullback from the all time high but still need a clear break below 0.9800 to continue the bearish scenario testing 0.9550 this week. On the upside, key resistance area is seen around 1.0020. A clear break above that area would give further validation to the double bottom bullish scenario re-testing all time high at 1.0182 and 1.0256.
http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/audusddaily6-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/audusddaily6.jpg)

[seragsamy]

بالتوفيق يباشا فى مجهودك الكبير
استمر متابعينك

[ehab1602]

مجهود اكثر من رائع

[المسلم أمره لله]

مشكور أخي على مجهودك
بالتوفيق يا ريس

[m.youssif]

USDCHF Forecast
The USDCHF failed to continue its bearish momentum yesterday after failed to consistently move below 0.9550 support area, topped at 0.9683 and closed at 0.9672. The bias is bullish in nearest term testing 0.9800 but note that we are still trapped in range area of 0.9800 – 0.9550 and I still prefer only to long around 0.9550 or short around 0.9800 as I will have a good risk-reward ratio. A clear break above 0.9800 would lead us to a new bullish phase at least targeting 1.0000 area.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdchfdaily-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdchfdaily.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD attempted to push lower yesterday, bottomed at 1.5837 but closed higher at 1.5899 and hit 1.5942 earlier today in Asian session in a high volatile market. I eliminated 1.5885 support area because for me it is no longer a valid support level. Intra-day traders should not rush jumping into the market on short term time frame technical bias as price still consolidating without clear direction and consistent movement. Do not get trapped with bad position in the current trendless short term bias. On h4 chart below we can see that overall price still trapped in range area of 1.6000 – 1.5780, giving us the information that there were sellers around 1.6000 and buyers around 1.5780. There is no winner so far, so aggressive intra-day traders can short around 1.6000 or long around 1.5780 with tight stop loss. I still prefer a bullish scenario at this phase and expect a clear break above 1.6057 to re-activate my bullish mode targeting 1.6180 and 1.6300 but I will react to whatever happen in the market regardless of which direction I am expecting.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpusdh4chart13-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/gbpusdh4chart13.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY had a significant bullish momentum yesterday after failed to break below 81.80 support area, topped at 83.11 and closed at 82.97. On h4 chart below we can see the bearish channel has been violated to the upside indicates bearish failure and potential bullish scenario targeting 84.40. Immediate support at 82.70. Break below that area could lead us to neutral zone in nearest term testing 82.33 support area.

http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdjpyh4chart14-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2011/01/usdjpyh4chart14.jpg)

[m.youssif]

المتابعة من الأسبوع المقبل

[خالوود]

:1 (105):حرام عليك يا منارة
الحمد لله عالسلامة

[m.youssif]

:1 (105):حرام عليك يا منارة
الحمد لله عالسلامة


أسف يا باشا علي الغياب

[m.youssif]

تحليلات اليوم كانت


EURUSD Forecast
The EURUSD attempted to push lower yesterday, bottomed at 1.3704 but whipsawed to the upside, closed at 1.3801 and hit 1.3837 earlier today in Asian session. The bias remains bullish in nearest term retesting the key resistance 1.3860. In a broader outlook as you can see on my h4 chart below the Euro seems to be in a very good technical condition to continue the bullish scenario since the bullish running from 1.2873 especially if price able to make a convincing close above 1.3860 key resistance this week, which would open the door for further bullish scenario targeting 1.4000 even 1.4200 – 1.4300 in longer term. Immediate support at 1.3785. A break below that area could lead us to neutral zone retesting 1.3715/00.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/eurusdh4chart8-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/eurusdh4chart8.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD was corrected lower yesterday after a clear break below 1.6180, bottomed at 1.6084 and bounced higher earlier today in Asian session hit 1.6159. While the medium outlook remains sideways, as long as price stays below 1.6180 – 1.6200 the intraday bias is more to the downside especially if price able to consistently move below 1.6100 testing 1.6050 – 1.6000 support area. I still prefer a major bullish outlook as long as price stays above 1.5950 and only a clear break below 1.5950 would be a serious threat to the major bullish outlook. On the upside, a clear break above 1.6200 would change the intraday bias to bullish retesting 1.6276 – 1.6300 key resistance area.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/gbpusdh4chart11-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/gbpusdh4chart11.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF continued its bearish momentum yesterday bottomed at 0.9233 and closed at 0.9253. The bias remains bearish in nearest term still testing 0.9200 support area. A convincing close below that support area this week would open the door for further bearish scenario targeting 0.9000 psychological level. Immediate resistance remains around 0.9330. A clear break above that area would lead us to neutral zone in nearest term but overall price is still in a strong bearish outlook and long position is not recommended.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/usdchfdaily16-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/usdchfdaily16.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY continued its bearish momentum yesterday, bottomed at 81.61 but still unable to consistently move below 81.80 support area so far. The bias remains bearish in nearest term targeting 81.30 – 80.93 especially if price able to make another strong break below 81.61. Immediate resistance at 82.50. A clear break above that area would lead us to neutral zone in nearest term but overall price is still in a strong bearish outlook provided by the “head and sh0ulders” pattern and I still prefer a bearish scenario at this phase.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/usdjpyh4chart8-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/usdjpyh4chart8.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY made another volatile but indecisive movement yesterday. The bias remains neutral in nearest term. There are no changes in my daily technical outlook where overall price still trapped in range area of 110.80 – 114.00. Do not rush jump into the market. I still prefer a bullish scenario but would need a clear break above 114.00 to reactivate my bullish mode targeting 114.90 – 115.65. Aggressive intraday traders can long around 112.08 with stop loss below 110.80 while conservative traders can long around 110.80 with smaller stop loss, with the same target around 114.00 even higher.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/eurjpyh411-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/eurjpyh411.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bearish intraday bias yesterday, bottomed at 131.48 and closed at 132.16. The bias remains bearish in nearest term targeting 130.50 especially if price able to make another strong break below 131.48. Immediate resistance at 132.50. A clear break above that area would lead us to neutral zone in nearest term and only a clear break above 133.15 would change the intraday bias to bullish testing 134.20.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/gbpjpyh414-300x186.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/gbpjpyh414.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD continued its bullish momentum yesterday, topped at 1.0122 and hit 1.0135 earlier today in Asian session. The bias remains bullish in nearest term still targeting 1.0150 – 1.0256. However, as you can see on my h4 chart below, watch out for a potential resistance around 1.0150 and the trend line resistance (white). A clear break above the trend line resistance would open the door for further bullish scenario, aiming for new all time highs. The rising wedge bearish correction/reversal scenario remains intact in longer term outlook, but would need a clear break below the wedge to confirm that scenario. Judging by the size of the wedge, which still give more rooms for potential bullish running, the intraday bullish bias could still continue in near future.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/audusdh48-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/audusdh48.jpg)

[المسلم أمره لله]

أهلا يوسف باشا عودة موفقة يا ريس
الف سلامة

[المسلم أمره لله]

GBPJPY Forecast

The GBPJPY continued its bearish intraday bias yesterday, bottomed at 131.48 and closed at 132.16. The bias remains bearish in nearest term targeting 130.50 especially if price able to make another strong break below 131.48. Immediate resistance at 132.50. A clear break above that area would lead us to neutral zone in nearest term and only a clear break above 133.15 would change the intraday bias to bullish testing 134.20.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/gbpjpyh414-300x186.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/gbpjpyh414.jpg)


أهلا ياباشا تمام تحليل جميل
و تم الاختراق للأسفل
http://fx-arabia.com/vb/uploaded/310_01298651800.png

[m.youssif]

بالتوفيق يا باشا

[m.youssif]

The EURUSD attempted to push lower this week, bottomed at 1.3528 but whipsawed strongly to the upside, topped at 1.3837 and closed at 1.3751. There are no changes in my h4 chart outlook where price still trapped in range area of 1.3860 – 1.3420 and need a clear break from that range to see clearer direction. Now I want to look at a broader view from a daily chart perspective with more details and try to see some potential scenarios. First, look at the triangle (red) which I already mentioned few weeks ago, suggests a consolidation phase and that condition remains the same as price still moves inside the triangle. A bearish outlook appeared, when a “head and shoulders” (H&S) pattern was formed, until price broke above the “right shoulder” (1.3500), canceled the H&S bearish scenario, turned the outlook to bullish which may testing the “head” (1.4248) and the major trend line resistance (white), but need to make a clear break above two technical resistances: 1.3860 and the upper line of the triangle which could be located around 1.4000. Now let’s take a look at the bearish scenario. If price fail to make a clear break above 1.3860, a double top bearish formation could be formed, with a clear break below 1.3420 as the validation to the bearish scenario testing the lower line of the triangle which could be located around 1.3100 – 1.3200 support area. From this long term outlook, a clear break above or below the triangle could determine the next/new major direction.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/eurusddaily2-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/eurusddaily2.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD bullish momentum was paused on Friday after unable to make a break above 1.3860 key resistance area. The bias is neutral in nearest term. Although overall we are still in a bullish phase since bounced from 1.3528 last week, we need a clear break above 1.3785 to continue the upside pressure retesting 1.3860. Immediate support at 1.3700 – 1.3690. A clear break below that area would change the intraday bias to bearish testing 1.3650 – 1.3600. On the upside, a clear break above 1.3860 would change the weekly bias to bullish, testing 1.4000 – 1.4250 region.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/eurusdhourly8-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/eurusdhourly8.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD was volatile but indecisive on Friday. The bias is neutral in nearest term and overall price still trapped in range area of 1.6300 – 1.5950. Immediate resistance at 1.6180. A clear break above that area would change the intraday bias to bullish and open the door for further upside pressure retesting 1.6272 – 1.6300 key resistance area. On the downside, a clear break below 1.6030 (Friday’s low)) would continue the bearish pressure retesting 1.5950. Key support – resistance: 1.5950 – 1.6300.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/gbpusdh4chart12-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/gbpusdh4chart12.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF bearish momentum was paused on Friday. That was a normal consolidation after a strong bearish momentum in the last two weeks and although the bias is neutral in nearest term, overall the technical bias remains strongly bearish especially if price able to make another clear break below 0.9233 targeting 0.9100 and 0.9000 this week. However, as you can see on my daily chart below, we have a double bottom formation at 0.9233 area which suggests potential upside correction testing 0.9330, but long position is not recommended. A clear break below the double bottom would reactivate my bearish mode.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/usdchfdaily17-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/usdchfdaily17.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY still able to maintain its bearish bias on Friday and now testing Thursday’s low at 81.61. A clear break below that area would continue the “head and shoulders” bearish scenario targeting 81.30 – 80.90. Immediate resistance at 82.05. A clear break above that area would lead us to neutral zone in nearest term testing 82.50 but I think the overall bias should remain to the downside and I still prefer a bearish scenario at this phase.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/usdjpyh4chart9-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/usdjpyh4chart9.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY continued its bearish pressure on Friday on a broad Yen strength, slipped below 112.08 earlier today in Asian session but still unable to make a clear break below 112.08 so far. Overall we are still in a range market between 110.80 – 114.00 and there are no changes in my daily outlook and I still prefer a bullish scenario. Aggressive traders can still long around 112.08 with stop loss below 110.80 while conservative traders can long around 110.80 with smaller stop loss.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/eurjpyh412-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/eurjpyh412.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bearish bias on Friday, bottomed at 131.11 but bounced higher around 131.70 at the time I wrote this comment. The bias is neutral in nearest term but overall we are still in a bearish phase after a failure to make a break above 135.50 and violated the trend line support as you can see on my h4 chart below. A clear break below 131.11 would continue the bearish pressure targeting 130.50 and 129.50. Immediate resistance at 132.50. A clear break above that area would change the intraday bias to bullish testing 133.25 region. http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/gbpjpyh415-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/gbpjpyh415.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD continued its bullish bias on Friday and slipped above the trend line resistance (white) as you can see on my h4 chart below suggests potential further bullish pressure targeting 1.0256 all time high, even new all time highs in near future. Immediate support at 1.0150. A clear break below that area would lead us to neutral zone in nearest term testing 1.0120 – 1.0070 support area but overall we are still in strong technical bullish bias and short position is not recommended. However, note that the rising wedge bearish scenario remains intact and things could be a little bit tricky as we are now in a critical phase.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/audusdh49-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/02/audusdh49.jpg)

[المسلم أمره لله]

بارك الله فيك يايوسف
جهود طيبة و تحاليل جميلة رغ أني لا أفهم الانجليزية

[m.youssif]

بارك الله فيك يايوسف
جهود طيبة و تحاليل جميلة رغ أني لا أفهم الانجليزية

حاول بس تترجمها مرة واخدة وبعد كدا هتلاقي الكلام بيتكرر

[m.youssif]

EURUSD Forecast
The EURUSD continued its bullish momentum yesterday after broke above 1.3785, but again, found a strong resistance around 1.3860. Price still moves in a bullish channel as you can see on my hourly chart below suggests the intraday technical bias remains bullish but note that we need a clear break above 1.3860 to continue the bullish scenario targeting 1.4000 – 1.4250 this week. As long as price still moves below 1.3860, the h4 chart/medium outlook remains sideways between 1.3860 – 1.3420. On the downside, a consistent move back below 1.3785 and the bullish channel (blue channel) would lead us to neutral zone in nearest term testing 1.3700 support area.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusdhourly-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusdhourly.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD had a significant bullish momentum yesterday and continue the upside pressure earlier today in Asian session hit 1.6296. The bias is bullish in nearest term but note that 1.6300 is a key resistance at this phase and might provide a strong resistance as you can see on my daily chart below. We need a clear break above that level to lead us to a new bullish phase with technical bullish target at 1.6500 – 1.6700 and as long as price moves below 1.6300 the h4 chart/medium outlook remains sideways between 1.6300 – 1.5950. Immediate support at 1.6230. A break below that area would lead us to neutral zone in nearest term testing 1.6180/50 support area.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusddaily-300x186.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusddaily.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF was indecisive yesterday but bounced higher earlier today in Asian session testing 0.9330 resistance area. Overall we are still in a strong bearish outlook but a clear break above 0.9330 would trigger further upside correction testing 0.9435, which is also the 38.% Fibo retracement of 0.9773 – 0.9233. On the downside, we need a clear break below 0.9233 to continue the major bearish outlook targeting 0.9100 and 0.9000 psychological level this week.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY was indecisive yesterday but bounced higher earlier today in Asian session hit 82.22. The bias is bullish in nearest term testing 82.50 resistance area. A clear break above that area would trigger further upside pullback testing 83.05 and could be a threat to the “head and shoulders” bearish scenario. On the downside, we need a clear break below 81.61 to continue the bearish pressure testing 81.30 – 80.90.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpyh4chart-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpyh4chart.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY had a bullish momentum yesterday after failed to make a clear break below 112.08 support area and continue to move higher earlier today in Asian session hit 113.57. The bias is bullish in nearest term testing 114.00 key resistance area but note that as long as price stays below 114.00 the h4 chart/medium outlook remains sideways between 110.80 – 114.00. Immediate support at 113.00. A clear break below that area would lead us to neutral zone in nearest term retesting 112.08 but overall I still prefer a bullish scenario, especially if price able to make a clear break above 114.00 targeting 114.90 and 115.65.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurjpyh4-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurjpyh4.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY had a significant bullish pullback yesterday, made a strong breakout above 132.50 as you can see on my h4 chart below. The bias is bullish in nearest term testing 134.20. A clear break above that area would continue the upside pressure retesting 135.50. On the downside, only a clear break back below 132.50 would continue the bearish pressure testing 131.00 – 130.50 support area. http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpjpyh4-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpjpyh4.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD still able to maintain its bullish intraday bias yesterday but so far the bullish momentum still limited and price still struggling around the trend line resistance (white) as you can see on my daily chart below. We are still in a strong bullish outlook, aiming for new all time highs, but note that the current all time high at 1.0256 can be a strong resistance. Immediate support at 1.0150. A clear break below that area would lead us to neutral zone in nearest term testing 1.0100 – 1.0070 support area.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/audusddaily-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/audusddaily.jpg)

[المسلم أمره لله]

بارك الله يوسف باشا

[m.youssif]

EURUSD Forecast
The EURUSD attempted to push higher yesterday, but again failed to make a clear break above 1.3860 key resistance, closed lower below 1.3785, violated the bullish channel as you can see on my h1 chart below and hit 1.3742 earlier today in Asian session. These facts keep price in sideways condition from h4 chart point of view, but produce a bearish intraday technical bias testing 1.3700 – 1.3650 support area. On the upside, another consistent move above 1.3785 would lead us to neutral zone in nearest term but would open the door for another bullish attempt retesting 1.3860 key resistance area.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusdhourly1-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusdhourly1.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD slipped above 1.6300 key resistance yesterday but whipsawed strongly to the downside, closed at 1.6263 and hit 1.6214 earlier today in Asian session. This fact not only change the intraday bias to bearish testing 1.6180/50, but could produce a false breakout scenario which from a broader view could lead to a bearish pressure testing the lower line of the current range market at 1.5950. On the upside, immediate resistance at 1.6280. A clear break above that area would change the intraday bias to bullish but we still need a clear break and a convincing daily close above 1.6300 to continue the bullish scenario testing 1.6500 – 1.6700 region.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusddaily1-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusddaily1.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF made another indecisive movement yesterday, made another Doji on daily chart. The bias is neutral in nearest term. As you can see on my daily chart below, after a strong bearish move from 0.9773 price is now consolidating in a rectangle/range area between 0.9330 – 0.9233 and need a clear break from either side to see clearer direction. I personally still prefer a bearish scenario but would need a clear break below 0.9233 to reactivate my bearish mode targeting 0.9100 – 0.9000.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily1-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily1.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY made another indecisive movement yesterday. The bias is neutral in nearest term. On h4 chart below we can see price is now testing the lower line of the minor bullish channel. A clear break below the bullish channel and 81.61 support area would change the intraday bias to bearish and continue the “head and shoulders’ bearish scenario targeting 80.90 support area. Immediate resistance remains around 82.50. A clear break above that area would continue the bullish correction testing 83.05 which could be a threat to the “head and shoulders” bearish scenario.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpyh4chart1-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpyh4chart1.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY was volatile but indecisive yesterday. Price attempted to push higher, topped at 113.71 but whipsawed to the downside, closed at 112.82 and hit 112.52 earlier today in Asian session. This fact keeps price in a sideways outlook between 114.00 – 110.80. As you can see on my daily chart below, beside the major range area between 114.00 – 110.80, there is a minor range area between 114.00 – 112.08. Aggressive traders can still long around 112.08 with stop loss below 110.80 while conservative traders can still long around 110.80 or short around 114.00 with tight stop loss.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurjpydaily-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurjpydaily.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY attempted to push higher yesterday, but failed to make a break above 134.20 and whipsawed to the downside, closed at 133.19 and hit 132.80 earlier today in Asian session. This fact keeps the intraday bearish outlook intact since the breakdown below the trend line support still targeting 131.00 – 130.50 especially if price able to make another strong break below 132.50 support area where some strong buying activities were seen as you can see on my h4 chart below. Aggressive traders can long around 132.50 with a tight stop loss and reverse to a short position if price able to make a clear break below 132.50. On the upside, a clear break above 134.20 would change the intraday bias to bullish retesting 135.50 key resistance area. http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpjpyh41-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpjpyh41.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD was corrected lower yesterday on a broad US Dollar strength, bottomed at 1.0121 and hit 1.0084 earlier today in Asian session. On daily chart below we can see price unable to make a consistent move above the trend line resistance (white) indicates a limited bullish pressure so far with potential downside correction testing 1.0050 and the lower line of the rising wedge formation. A clear break below the rising wedge formation would trigger further bearish pullback testing 0.9942 key support area which would even open the door for a bigger downside correction scenario. Immediate resistance at 1.0150. A clear break above that area would change the intraday bias to bullish retesting the all time high 1.0256. Although the major bullish outlook remains strong, note that all time high level could be a very strong resistance and the bearish correction/reversal warning showed by the rising wedge formation can not be ignored.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/audusddaily1-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/audusddaily1.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD continued its bullish intraday bias yesterday, topped at 1.3889 and now struggling around 1.3860 key resistance area. The bias is bullish in nearest term targeting 1.4000. However, as you can see on my h4 chart below, actually price has not make a convincing move above 1.3860 so far, so although the technical bias is strongly to the upside now, I think it’s very important to be just a little more patient until we have a convincing move above 1.3860 to continue buying the Euro and a clear break above 1.3889 would be an early indication to the bullish scenario, not only targeting 1.4000 but would open the door for further upside scenario testing 1.4250 – 1.4300. Immediate support at 1.3846 (current low). A clear break below that area would lead us to neutral zone in nearest term testing 1.3780 but I think overall the pressure remains to the upside.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusdh4chart-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusdh4chart.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD made a significant bullish movement yesterday with a daily close above 1.6300 as you can see on my daily chart below. This fact is an early validation to the bullish continuation scenario targeting 1.6500 even would open the door for further upside pressure testing 1.6700. On the downside, immediate support at 1.6274. A clear break below that area would lead us to neutral zone in nearest term testing 1.6200 but overall the technical bias remains strongly to the upside.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusddaily2-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusddaily2.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF slipped below 0.9233 yesterday but so far still unable to move consistently below that area. The bias is neutral in nearest term. Overall price still in a strong bearish outlook targeting 0.9100 and 0.9000 but would need a clear break and a daily close below 0.9233 to continue the bearish scenario. Immediate resistance remains around 0.9330, a nice place for a short position with good risk – reward ratio.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily2-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily2.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY was indecisive yesterday, made another Doji on daily chart indicates consolidation phase. Overall price is still in a bearish outlook of the “head and shoulders” pattern but would need a clear break below 81.61 to continue the bearish scenario targeting 80.90. Immediate resistance at 82.50. A clear break above that area could trigger further upside pullback testing 83.05 (neckline) which could be a threat to the “head and shoulders” bearish scenario.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpyh4chart2-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpyh4chart2.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY had a bullish momentum yesterday, topped at 113.55 and closed at 113.42. The bias is bullish in nearest term targeting 114.00 but note that overall price still trapped in the range area and 114.00 could remain a strong resistance that need to be clearly broken to the upside to confirm the bullish continuation scenario targeting 114.90 and 115.65 even higher. Immediate support at 113.15. A clear break below that area would lead us to neutral zone in nearest term testing 112.50 – 112.08 support area and would keep price a little bit longer in this sideways condition.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurjpydaily1-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurjpydaily1.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY failed to continue its bearish pressure yesterday and bounced higher hit 133.68 earlier today. The bias is neutral in nearest term with potential daily range to be watched between 134.20 – 132.50. While we need a clear break on either side to see clearer direction, aggressive intraday traders can short around 134.20 or long around 132.50 with a tight stop loss. A clear break above 134.20 would trigger further upside pressure testing 135.50 while a clear break below 132.50 would trigger further bearish pressure testing 131.00 – 130.50.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpjpyh42-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpjpyh42.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD failed to continue its bearish correction yesterday and now back above the trend line resistance (white) as you can see on my h4 chart below. The bias is bullish in nearest term still targeting 1.0256 key resistance area/all time high. Any all time high level could be a very strong resistance so although the pressure remains strongly to the upside, a short position near 1.0256 with tight stop loss is acceptable for me. Above 1.0256, new all time high projection could be seen around 1.0400 – 1.0500. Immediate support at 1.0140. A clear break below that area would lead us to neutral zone in nearest term testing 1.0070/50 support area.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/audusdh4-300x186.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/audusdh4.jpg)

[المسلم أمره لله]

بارك الله فيك أخي
شكرا على مجمهوداتك

[m.youssif]

EURUSD Forecast
The EURUSD made a significant bullish momentum yesterday, strongly broke above 1.3860 key resistance area and almost hit 1.4000 psychological level, topped at 1.3972. The bias remains bullish in nearest term testing 1.4000. A clear break above that area would continue the bullish pressure testing 1.4100 – 1.4150 before targeting 1.4250 – 1.4300. Immediate support at 1.3900. A break below that area would lead us to neutral zone in nearest term and only a clear break back below 1.3860 could halt the bullish view. Compared to other major currencies like Cable and Aussie Dollar, the Euro short term bullishness against the Greenback is stronger, but the major outlook for those major currencies remains bullish.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusddaily-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusddaily.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD was corrected lower yesterday, unable to consistently move above 1.6300 key resistance area and hit 1.6252. The bias is neutral in nearest term. Overall technical bias remains strongly to the upside, but would need a clear and consistent move above 1.6300 to continue the bullish scenario targeting 1.6500 – 1.6700 area. Immediate support at 1.6250. A clear break below that area would change the intraday bias to bearish testing 1.6200 – 1.6180/50 support area.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusddaily3-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusddaily3.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF was corrected higher yesterday and now struggling around 0.9330 resistance area which is for me still a good place for a short position with good risk-reward ratio. A clear break above 0.9330 could trigger further upside correction testing 0.9435. Immediate support at 0.9272. A clear break below that area would change the intraday bias to bearish retesting 0.9230 and keeps the major bearish scenario testing 0.9100 – 0.9000 remains strong.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily3-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily3.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY was corrected higher yesterday and now testing 82.50 resistance area as you can see on my h4 chart below. Although the “head and shoulders” bearish scenario remains intact, a clear break above 82.50 could be a serious threat to the bearish scenario testing 83.05 (neckline). A movement above the neckline would cancel the bearish scenario which would lead us to a consolidation phase even a new bullish phase with 83.92 (the head) as the nearest target. On the downside, only a clear break below 81.61 would continue the bearish scenario targeting 80.90.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpyh4chart3-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpyh4chart3.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY made a significant break above 114.00 yesterday, topped at 115.15 and closed at 115.03. The bias is bullish in nearest term targeting 115.65 even higher. As you can see on my daily chart below, the range area between 110.80 – 114.00 (23.6% and 38.2% Fibo retracement of 127.88 – 105.42) has been broken to the upside indicates potential bullish continuation scenario. Above 115.65, next bullish target is around 116.35 (50% Fibo retracement of 127.88 – 105.42). Immediate support at 114.50. A clear break below that area would lead us to a neutral zone in nearest term but as long as price stays above 114.00 the major scenario remains bullish.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurjpydaily2-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurjpydaily2.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bullish momentum yesterday and now testing 134.20 resistance area as you can see on my h4 chart below. The bias is bullish in nearest term but note that price still trapped between 134.20 – 132.50 and aggressive intraday traders can still short around 134.20 with tight stop loss. A clear break above 134.20 would trigger further upside momentum targeting 135.50. Immediate support at 133.20. A clear break below that area would change the intraday bias to neutral testing 132.50 and only a clear break below 132.50 would change the intraday bias to bearish. Aggressive intraday traders can still long around 132.50 with tight stop loss.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpjpyh43-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpjpyh43.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD has been moving in a range condition this week, form a Doji formation on weekly chart so far indicating indecisive movement. Price also still struggling around the trend line resistance (white) and there is no winner so far. Although overall technical bias remains strongly to the upside retesting all time high at 1.0256, intraday bias shows more bearish bias retesting 1.0070 and the lower line of the rising wedge formation. A clear break below the rising wedge formation could trigger further bearish pullback testing 0.9942 even could create a bigger bearish correction. On the upside, a movement above 1.0256, could trigger further bullish momentum testing new all time high projection which could be seen around 1.0400 – 1.0500.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/audusddaily2-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/audusddaily2.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD continued its bullish bias on Friday, hit 1.4000 psychological level. About two weeks ago I told you that the broken bullish flag could trigger further bullish scenario and the nearest bullish target is around 1.4281 and the trend line resistance (red) as you can see on my daily chart below. However, this bullish scenario would need a clear break above 1.4000 which could be a strong and key resistance at this phase. Immediate support at 1.3920. Break below that area could lead us to neutral zone in nearest term but only another move back below 1.3860 could be a threat to the current strong bullish outlook.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusddaily1-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusddaily1.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD was indecisive on Friday, made a Doji on daily chart. The bias remains neutral in nearest term and the bullish continuation scenario still need a clear break above 1.6300 targeting 1.6500 – 1.6700. Immediate support at 1.6220. A clear break below that area would change the intraday bias to bearish testing 1.6150/80 even would open the door for further bearish pullback testing 1.6100 – 1.6030 region.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusdh4chart-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusdh4chart.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF had a bearish significant bearish momentum on Friday after failed to make a break above 0.9330 and now seems ready for a retest of 0.9233 key support area. A clear break and a daily close below 0.9233 would continue the bearish continuation scenario targeting 0.9100 – 0.9000. Immediate resistance at 0.9260. Break above that area would lead us to neutral zone in nearest term retesting 0.9330 but overall the technical bias remains strongly to the downside.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily4-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily4.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY attempted to push higher on Friday, topped at 83.04 (neckline) but whipsawed to the downside, closed at 82.30 and hit 82.14 earlier today in Asian session. This fact keeps the “head and shoulders” bearish scenario intact especially if price able to make a clear break below 82.20 retesting 81.60 strong support area which would reopen the door for further bearish pressure targeting 80.90. On the upside, only a clear break above the neckline would cancel the “head and shoulders” bearish scenario at least targeting 83.92 (the head).

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpyh4chart4-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpyh4chart4.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY attempted to push higher on Friday, topped at 115.95but closed lower at 115.11 and hit 114.80 earlier today in Asian session. The bias is neutral in nearest term but as long as price stays above 114.00 I prefer a bullish scenario at this phase with the nearest bullish target around 116.35 (50% Fibo retracement of 127.88 – 105.42). I am interested to buy around 114.00 as I see a good technical set up and risk – reward ratio there.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurjpyh41-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurjpyh41.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY attempted to push higher on Friday, topped at 135.15 but whipsawed to the downside, back below 134.20 and hit 133.46 earlier today in Asian session. The bias is bearish in nearest term testing 132.50 but my medium term outlook remains neutral as price still move in a sideways condition. On the upside, another move above 134.20 would change the intraday bias to bullish but only a clear break above 135.50 strong/key resistance area would lead us to a new bullish phase. http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpjpyh44-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpjpyh44.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD has been moving in a range condition in the last two weeks indicates a consolidation phase while price still struggling around the trend line resistance (white) as you can see on my daily chart below. The major technical outlook remains bullish aiming for new all time high levels but the current all time high at 1.0256 could be a strong resistance at this phase while the rising wedge formation still provide a downside risk especially if price able to make a clear and convincing break below the wedge. Immediate resistance at 1.0157 (current high). A clear break above that area would trigger further upside pressure retesting 1.0256. Immediate support at 1.0030/50 and the lower line of the rising wedge formation which could be a key support area at this phase.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/audusddaily3-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/audusddaily3.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD bullish momentum was paused yesterday on broad Dollar strength, still unable to make a clear break above 1.4000. I think there are two things worth noting here. First, price is still in a strong bullish phase. Second, the fact that 1.4000 can not be clearly broken so far could create a bullish exhaustion and potential downside pullback testing 1.3860/00 key support area especially if price able to make a clear break below 1.3920. However, any downside movement at this phase should be considered as a normal correction and only a clear break below 1.3860/00 would continue the downside corrective move testing 1.3700. On the upside, another move back above 1.4000 would change the intraday bias to bullish again and keep the bullish continuation scenario targeting 1.4281 this week remains strong.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusdh4chart1-300x186.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusdh4chart1.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD was corrected lower yesterday after unable to make a clear break above 1.6300, bottomed at 1.6180 and closed at 1.6204. That was the fifth unsuccessful attempt to move consistently above 1.6300 since last week. Although the major bullish scenario remains intact as price still moves inside the bullish channel as you can see on my h4 chart below, the intraday technical bias is now bearish especially if price able to make another clear break below 1.6180 testing 1.6120/00 and the lower line of the bullish channel. A clear break below the bullish channel would open the door for further bearish pullback testing 1.5950 key support area. Immediate resistance at 1.6250. A clear break above that area would lead us to neutral zone in nearest term but would give another chance for a retest of 1.6300 – 1.6343 key resistance level.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusdh4chart1-300x186.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusdh4chart1.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF didn’t make significant movement yesterday. The bias is neutral in nearest term and as you can see on my daily chart below price still trapped between 0.9330 – 0.9230 for more than a week now. Aggressive intraday traders can long around 0.9230 or short around 0.9330 with tight stop loss. For those who are interested in buying around 0.9230 make sure to cut your losses quickly as a daily close below 0.9230 would continue the major bearish scenario targeting 0.9100 – 0.9000.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily5-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily5.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY made another volatile but indecisive movement yesterday. The bias is neutral in nearest term but overall price is still in the “head and shoulders” bearish scenario, which is remains intact as long as price stays below the neckline with nearest downside target seen around 80.90. Immediate resistance at 82.50. A clear break above that area would trigger further upside pullback retesting 83.05 (neckline).

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpyh4chart5-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpyh4chart5.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY made another indecisive movement yesterday, formed another Doji on daily chart. The bias remains neutral in nearest term and there are no changes in my daily outlook and as long as price stays above 114.00 I prefer a bullish scenario at this phase with the nearest bullish target around 116.35 (50% Fibo retracement of 127.88 – 105.42). I am also still interested to buy around 114.00 as I see a good technical set up and risk – reward ratio there.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurjpydaily3-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurjpydaily3.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bearish momentum yesterday, bottomed at 132.90 and traded around 133.20 at the time I wrote this comment. The bias remains bearish in nearest term but note that overall price is still move in a sideways mode without clear direction in the last two weeks. However, as you can see on my h4 chart below, price still moves inside a bullish channel which is actually suggests more upside bias. Aggressive intraday traders can long around 132.50 with stop loss below 131.75 while conservative traders can long around 131.75 (the lower line of the bullish channel) with smaller stop loss. On the upside, a clear break above 134.20 would change the intraday bias to bullish retesting 135.50 key resistance area.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpjpyh45-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpjpyh45.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD still show insignificant movement yesterday. There are no changes in my daily outlook, where the major bullish scenario remains intact with potential downside correction indicated by the rising wedge formation. We are in a critical phase here and although the major technical bias remains bullish, short position around the all time high 1.0256 is acceptable for me due to a very good risk – reward ratio. Immediate support remains at 1.0030/50 and the lower line of the rising wedge formation which could be a key support area at this phase. A clear break below the rising wedge formation would open the door for further bearish correction at least testing 0.9942 even much lower.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/audusddaily4-300x186.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/audusddaily4.jpg)

[المسلم أمره لله]

بارك الله فيك يوسف باشا

[m.youssif]

EURUSD Forecast
The EURUSD was corrected lower yesterday after the failure to make a clear break above 1.4000 key resistance area and now testing 1.3860. Price is now in a counter trend phase and another clear break below 1.3860 would continue the bearish correction testing 1.3740 area which is the 50% Fibonacci retracement of 1.3427 – 1.4035. However I think the major bullish scenario remains intact and a clear break back above 1.3920 would give the Euro another chance for a retest of 1.4000/35 key resistance area.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusdh4chart2-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusdh4chart2.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday and now testing the lower line of the bullish channel as you can see on my h4 chart below. The bias is bearish in nearest term especially if price able to make another clear break below the bullish channel and 1.6100 support area testing 1.6030 even would open the door for further bearish scenario testing 1.5950 key support area. However note that from h4 chart point of view this pair is still moving in a sideways condition between 1.6300 – 1.5950. Immediate resistance at 1.6220. A clear break above that area would change the intraday technical bias to bullish retesting 1.6300.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusdh4chart2-300x186.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusdh4chart2.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF made a significant breakout above the range area yesterday as you can see on my daily chart below and hit 0.9368 earlier today in Asian session. Although overall the major technical bias remains bearish, the bias is bullish in nearest term as price is now entering correction phase testing 0.9435 resistance area. On the downside, only a clear break and daily close below 0.9330 would keep the major bearish scenario remains strong testing 0.9230 before targeting 0.9100 and 0.9000.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily6-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily6.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY had a bullish momentum yesterday and now back above 82.50 support area. The downside scenario of the “head and shoulders” remains intact but the bias is bullish in nearest term testing 83.05 (neckline) and a clear break above the neckline would be a threat to the bearish scenario testing 83.96 (the head). A clear break above 83.96 could be a beginning of a new bullish scenario. On the downside, another clear break below 82.50 would lead us to neutral zone in nearest term but would keep the “head and shoulders” bearish scenario remains strong with nearest target remains around 80.90.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpyh4chart6-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpyh4chart6.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY made another volatile but indecisive movement yesterday, formed another Doji on daily chart. Three Dojis in the last three days as you can see on my daily chart below suggests that price is now in consolidation phase, but still within a context of a bullish scenario after the breakout above the range area at least testing 116.35. There are no changes in my daily technical outlook and I think the best strategy for now is to remain long around 114.00.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurjpydaily4-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurjpydaily4.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY didn’t make significant move yesterday. The bias is neutral in nearest term and there are no changes in my daily technical outlook. Overall price is still moving in a sideways condition without clear direction and consistent momentum but I think still with more upside bias especially if price able to make a clear break above 134.20 retesting 135.50. On the downside, 132.50 remains a key support area at this phase. Aggressive intraday traders can long around 132.50 with stop loss below 131.75 while conservative traders can long around 131.75 (the lower line of the bullish channel) with smaller stop loss.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpjpyh46-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpjpyh46.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD still able to maintain its bearish correction bias so far and now testing the lower line of the rising wedge formation indicates a critical technical point. A clear break and a daily close below the wedge and 1.0030/50 could continue the bearish correction scenario at least testing 0.9942. Immediate resistance at 1.0140. A clear break above that area would change the intraday technical bias to bullish retesting all time high at 1.0256 but that level should remain a strong resistance area and aggressive traders can still short around that level due to a good risk – reward ratio and psychological reason.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/audusddaily5-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/audusddaily5.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF failed to continued its bullish momentum yesterday and now back inside the range area, indicates a false breakout scenario which could push the pair lower testing 0.9230 in nearest term before continue its bearish scenario targeting 0.9100 – 0.9000. Short around 0.9330 is the best intraday strategy for me as I see a good risk – reward ratio there. Another consistent move above 0.9330 would keep the bullish correction scenario targeting 0.9435 remains intact but overall the major scenario remains to the downside.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily7-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily7.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY was indecisive yesterday. There are no changes in my daily technical outlook where the “head and shoulders” bearish scenario remains intact but downside pressure is very limited now. I will pay attention to the neckline and 83.05 resistance area as a clear break above that area would cancel the bearish scenario testing 83.96 (the head) which could be an early phase of a new bullish scenario. On the downside, only a clear break below 82.50 would keep the bearish scenario remains strong with nearest target remains around 80.90.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpyh4chart9-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpyh4chart9.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD didn’t make significant movement yesterday and has been moving in a sideways condition in the last two days. The bias is neutral in nearest term. Similar to the EUR/USD which is in a counter trend phase after found resistance at 1.4000 area, the GBP/USD also in a corrective phase after the failure to move clearly above 1.6300 and now testing the lower line of the bullish channel as you can see on my daily chart below. A clear break below the bullish channel and daily close below 1.6130 would continue the bearish correction testing 1.5950 key support area this week, but note that overall price still trapped between 1.5950 – 1.6300. Immediate resistance is seen around 1.6241 (yesterday’s high). A clear break above that area would change the intraday bias to bullish retesting 1.6300. Although I still prefer a major bullish scenario, only a clear break above 1.6300 would reactivate my bullish mode.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusddaily4-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusddaily4.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY continued its sideways movement yesterday, made another Doji on daily chart. There are no changes in my daily technical outlook where price is now in consolidation phase, but still within a context of a bullish scenario after the breakout above the range area at least testing 116.35. The best strategy for me is to remain long around 114.00.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurjpydaily5-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurjpydaily5.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY had a bullish momentum yesterday and now testing 134.20 resistance area. The bias is bullish in nearest term especially if price able to make a clear break above 134.20 retesting 135.50 key resistance area but the bullish continuation scenario would have further validation only by a clear break above 135.50 which would reactivate my bullish mode. On the downside, immediate resistance at 133.50 followed by 132.50. Aggressive intraday traders can long around 132.50 with stop loss below 131.75 while conservative traders can long around 131.75 (the lower line of the bullish channel) with smaller stop loss.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpjpyh47-300x186.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpjpyh47.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD was indecisive yesterday but had some downside pressure earlier today in Asian session testing the lower line of the rising wedge formation as you can see on my daily chart below. Like I said yesterday, a clear break and a daily close below the wedge and 1.0030/50 could continue the bearish correction scenario at least testing 0.9942 even lower as a bigger downside correction scenario after hit all time high could be produced. The bias is bearish in nearest term. Immediate resistance at 1.0090. A clear break above that area would lead us to neutral zone in nearest term as direction would become unclear but would give another chance for another upside pressure testing 1.0140 resistance area. A clear break above 1.0140 would change the intraday technical bias to bullish retesting all time high at 1.0256 but that level should remain a strong resistance area and aggressive traders can still short around that level due to a good risk – reward ratio and psychological reason.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/audusddaily6-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/audusddaily6.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term but intraday technical bias still within a context of a bearish correction phase since the pullback from 1.4000/35 key resistance area. On h1 chart below we can see price is consolidating in a rectangle formation between 1.3940 – 1.3860 and need a clear break on either side to see clearer direction. Strong buying activities were seen around 1.3860 – 1.3830 on March 03 which formed a support area at this phase so if you are interested to short this pair, better watch that support area closely. A clear break below 1.3830 would continue the bearish correction testing 1.3740/00 support area, but note that the major bullish scenario should remains intact and only a clear break below 1.3700 would be a serious threat to the bullish scenario. We also have an important daily candle stick formation, a shooting star which seen on Monday, just after the failure to make a clear break above 1.4000/35 indicates downside pullback warning although for me it’s too early for a bearish reversal scenario now. On the upside, a clear break above 1.3940 (yesterday’s high) would change the intraday technical bias to bullish retesting 1.4000/35 but bullish continuation scenario would have further validation only by a clear break above 1.4000/35 targeting 1.4281 as the shooting star formation bearish scenario would no longer valid. I personally prefer to long around 1.3740/00 or above 1.4035 where I see the best combination between my technical outlook and risk – reward ratio.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusdhourly2-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusdhourly2.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD had a significant bearish momentum yesterday, made a clear break below 1.3860/30 important intraday support and hit 1.3774. The intraday technical bias remains strongly bearish targeting 1.3740/60, which is a key support area but note that the major bullish scenario should remain intact. As you can see on my h4 chart below, we also have a trend line support and 23.6% Fibonacci retracement of 1.2873 – 1.4035, both located around 1.3740/60 and that is why I consider 1.3740/60 as a key and important support level at this phase. A clear break below those technical support area could trigger further bearish pressure testing 1.3590, (38.2% Fibo) even back to 1.3427 (50% Fibo) which could cancel the major bullish outlook. On the upside, immediate resistance at 1.3860 (former support). A clear break above that area would pause the intraday bullish bias probably testing 1.3940, but it’s too early to say that the bearish correction is over until we have a clear above 1.4035.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusdh4chart3-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusdh4chart3.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD also had a significant bearish momentum yesterday, convincingly broke below the bullish channel as you can see on my h4 chart below and hit 1.6038. The intraday bias remains strongly bearish especially if price able to make another strong break below 1.6030 targeting 1.5950 key support area. However my medium outlook remains sideways for this pair and only a clear break below 1.5950 would change my medium technical bias to bearish. Immediate resistance at 1.6120/50. A clear break above that area would pause the bearish bias but unless we have a clear break above 1.6300 the major bullish continuation scenario can not be confirmed.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusdh4chart3-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusdh4chart3.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF was indecisive yesterday. Price is still struggling around the upper line of the range area around 0.9330 without consistent momentum. The bias is neutral in nearest term but the major bearish scenario remains intact and I still prefer a bearish scenario at this phase especially if price able to make a clear break below 0.9280 testing 0.9230 key support area. Immediate resistance at 0.9368. A clear break above that area would change the intraday technical bias to bullish testing 0.9435 but overall the major bearish scenario should remains intact.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily8-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily8.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY slipped above the neckline and 83.05 yesterday but unable to maintain its bullish momentum and now back below the neckline. Although the “head and shoulders’ bearish scenario is losing its momentum now, unless we have a clear and consistent move above 83.05 and the neckline, the bearish scenario should remain intact. I am sure that you are already boring with this H&S view, so let’s take another technical view. As you can see on my h4 chart below, the pair has been moving in a big triangle formation indicates consolidation phase and need a clear break from the triangle to see clearer direction which unlikely to happen this week. On the upside, a consistent move above the neckline and 83.05 would trigger further bullish momentum testing 83.96 (the head). A clear break above 83.96 could be the beginning of a new bullish phase as price also has move above the triangle.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpyh4chart10-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpyh4chart10.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY was corrected lower yesterday, bottomed at 114.20. The bias is bearish in nearest term testing 114.00 support area, but there is where I will open a long position as I see the current bearish pressure is a normal pullback after the breakout above the range area which give me the best entry with good risk – reward ratio, still targeting 116.35. A clear break below 114.00 would cancel my bullish outlook and could produce a false breakout scenario and change my intraday bias to bearish at least targeting 113.10/00.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurjpydaily6-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurjpydaily6.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY was unable to make a clear break above 134.20 yesterday and significantly down and hit 132.90. The bias is bearish in nearest term but note that as long as price moves inside the bullish channel the overall technical bias remains more to the upside. There are no changes in my daily technical outlook. Aggressive intraday traders can still long around 132.50 with stop loss below 131.75 while conservative traders can long around 131.75 (the lower line of the bullish channel) with smaller stop loss. On the upside, we need a clear break above 134.20 to continue the bullish scenario testing 135.50 key resistance area.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpjpyh48-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpjpyh48.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD made a significant bearish momentum yesterday, break below the rising wedge formation as you can see on my daily chart below. This fact not only change the intraday bias to bearish targeting 0.9942 – 0.9865 but also could create bigger downside correction scenario. Immediate resistance at 1.0070. A clear break above that area and a daily close back inside the rising wedge would lead us to neutral zone as direction would become unclear and my rising wedge bearish technical scenario would be a little bit mess and could give another chance for a retest of 1.0256 all time high.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/audusddaily7-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/audusddaily7.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD failed to break below 1.3740/60 support area on Friday and whipsawed to the upside and hit 1.3952 earlier today in Asian session. The intraday bias is more to the upside now especially if price able to make a clear break above 1.3950 retesting 1.4035 but as long as price stays below 1.4035 the shooting star bearish scenario which seen on March 07 remains intact and only a clear break above 1.4035 would cancel the bearish scenario and continue the bullish outlook testing 1.4281 this week. Immediate support at 1.3860. A clear break below that area would change the intraday bias to bearish retesting 1.3740/60 key support area and keep the shooting star bearish scenario remains strong.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusdhourly3-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusdhourly3.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD attempted to push lower on Friday, bottomed at 1.5976 but whipsawed to the upside and hit 1.6089 earlier today in Asian session. The bias is neutral in nearest term but I think as long as price able to stay below the bullish channel price is still in a bearish phase after the fall from 1.6300 key resistance area. My medium outlook remains neutral and on the downside we should pay attention to the 1.5950 key support area as we would need a clear break below that support area to continue the bearish scenario. On the upside, immediate resistance at 1.6150. A clear break above that area would change the intraday bias to bullish retesting 1.6300 key resistance area and would give the bullish continuation scenario another chance.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusdh4chart4-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusdh4chart4.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF made another volatile but indecisive movement on Friday. The bias remains neutral in nearest term. However note that the major scenario remains bearish and any upside movement now should only be considered as a counter trend/corrective moves. The fact that the upside pressure is limited so far could end the upside consolidation phase and continue the major bearish scenario testing 0.9230 especially if price able to make a clear break below 0.9267 and keep the bearish scenario targeting 0.9100 – 9.000 remains strong. On the upside, a clear break above 0.9368 (which has been a strong intraday resistance since March 08) would trigger further bullish correction testing 0.9435 resistance area.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily9-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily9.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY had a significant bearish momentum on Friday, bottomed at 81.65 and hit 81.20 earlier today in Asian session. The earthquake and Tsunami in Japan triggered broad Yen strength (my condolences to the Japanese). However, as you can see on my daily chart below, price failed to make a clear break below the triangle formation so far. I don’t think that now is the best time to trade. Beside unclear/consolidation technical bias, usually market reaction to a natural disaster can be very tricky. The bearish momentum might be short lived and market sentiment can change quickly to the opposite direction, testing the upper line of the triangle. On the downside, a clear break below the triangle and 81.20 would trigger further bearish pressure targeting 80.90 – 80.30 support area. Immediate resistance at 82.60. A clear break above that area would change the intraday bias to bullish testing 83.28 and the upper line of the triangle.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpydaily-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpydaily.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY slipped below 114.00 on Friday after the earthquake and Tsunami in Japan triggered broad Yen strength, but price recovered quickly to the upside and now back above 114.00. The market sentiment during a natural disaster can change very fast to the opposite direction and the fact that price able to move back above 114.00 keeps my bullish outlook intact with nearest bullish target remains around 116.35. On the downside, only a daily close below 114.00 would be a serious threat to my bullish outlook at least testing 113.00 support area.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurjpydaily7-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurjpydaily7.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY had a significant bearish momentum on Friday, broke below the bullish channel as you can see on my daily chart below. This bearish momentum was triggered by a broad Yen strength after the earthquake and Tsunami in Japan. While technical outlook has change to a bearish view now targeting 129.50, things can be very tricky now as market sentiment to a natural disaster can change quickly to the opposite direction. Immediate resistance at 132.90. A clear break above that area would change the intraday bias to bullish testing 133.70 and 134.20 resistance area. http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpjpydaily-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpjpydaily.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD attempted to push lower on Friday, bottomed at 0.9967, but whipsawed strongly to the upside topped at 1.0157 and traded lower around 1.0080 at the time I wrote this comment earlier today in Asian session. My intraday outlook is a little bit mess. My intraday bias is neutral now and I don’t think now is the best time to trade. I’m only interested to short around 1.0256 due to a good risk – reward ratio there or reactivate my bearish mode on a clear break below the rising wedge formation and a daily close below 1.0030 targeting 0.9942 – 0.9865. On the upside, a clear break above 1.0256 would triggered further bullish scenario aiming for new all time higher which is projected around 1.0300 – 1.0500.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/audusddaily8-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/audusddaily8.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD attempted to push higher yesterday but still unable to make a clear break above 1.4000 – 1.4035 key resistance area so far. There are no changes in my h4 chart outlook, where price still consolidating after the strong bullish movement from 1.2873, moving in a range area between 1.4035 – 1.3740 as you can see on my h4 chart below. The bias is neutral in nearest term. Immediate support at 1.3860. A clear break below that area would change the intraday bias to bearish testing 1.3740 key support area. The shooting star bearish scenario seems to lose its momentum now, diminishing the bearish outlook but we still need a clear break above 1.4035 to continue the bullish scenario targeting 1.4150 and 1.4281 this week as the shooting star bearish scenario would no longer valid.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusdh4chart4-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusdh4chart4.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday, topped at 1.6197 but corrected lower significantly earlier today in Asian session and hit 1.6112. On h4 chart below you can see that price is now back below the bullish channel. Also, since the fall from 1.6300, price still making lower high suggests that the downside pullback scenario testing 1.5950 key support area remains intact. The bias is neutral in nearest term. Immediate support at 1.6070. A clear break below that area would change the intraday bias to bearish testing 1.6030 – 1.5950 support area. On the upside, we need a clear break above 1.6200 to stop this bearish scenario retesting 1.6300 key resistance area and keep the bullish continuation scenario remains strong.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusdh4chart5-300x186.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusdh4chart5.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF continued its bearish momentum yesterday and slipped below 0.9230 earlier today in Asian session but still unable to consistently move below 0.9230 so far. The bias is bearish in nearest term especially if price able to make a clear break below 0.9200 targeting 0.9100 before testing 0.9000. Immediate resistance at 0.9270. A clear break above that area would lead us to neutral zone in nearest term testing 0.9330/68 but the major scenario remains strongly to the downside.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily10-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily10.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY was volatile but indecisive yesterday. The upside pressure looks limited so far and price made another move below the triangle indicates the downside pressure remains strong although still unable to make a consistent and daily close below the triangle. The bias remains neutral both in short and medium term until we have a daily close below or above the triangle. Immediate support at 81.20. A clear break below that area would change the intraday bias to bearish targeting 80.90 – 80.30 support area. On the upside, immediate resistance at 82.00. Clear break above that area would change the intraday bias to bullish testing 82.50 – 83.05 but as long as price moves inside the triangle, overall price is still in a consolidation phase.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpydaily1-300x184.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpydaily1.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY had a bullish momentum yesterday, topped at 114.80 but whipsawed to the downside and hit 113.23 earlier today in Asian session. On h1 chart below we can see price is moving in a triangle formation indicates consolidation and need a clear break from the triangle to see clearer intraday bias. A break below the triangle and consistent move below 113.20 would trigger further bearish pressure testing 112.90/50 while a break above the triangle and consistent move above 114.60 would change the intraday bias to bullish testing 115.00 and keep my bullish scenario targeting 116.35 remains strong. I think market sentiment still influenced by the Japan condition after the national disaster which keeps direction remains tricky.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurjpyh1-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurjpyh1.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY was corrected higher yesterday, topped at 132.34 but whipsawed strongly to the downside earlier today in Asian session and hit 131.07. This fact keeps the technical bearishness intact with nearest bearish target around 129.50. On the upside, only a move back above 132.50 would be a threat to the bearish scenario retesting 134.20 resistance area even higher. I think market sentiment still influenced by the Japan condition after the national disaster which keeps direction remains tricky.
http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpjpydaily1-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpjpydaily1.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD was indecisive yesterday but fell significantly to the downside and hit 0.9924 earlier today in Asian session. Although the bias is strongly bearish in nearest term and my bearish mode is now activated, we know that this pair has no clear direction so far, move up and down without consistent momentum and the condition could remain tricky in nearest future. Immediate resistance at 1.0040. A clear break above that area would lead us to neutral zone in nearest term and keeps us in an unclear condition testing 1.0100/50 resistance area. On the downside, another strong break below 0.9924 would trigger further bearish pressure targeting 0.9865 even lower.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/audusddaily9-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/audusddaily9.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD was volatile but indecisive yesterday. Price attempted to push lower but found a good support around 1.3860 and whipsawed to the upside and slipped above 1.4000 but still unable to make a clear break above 1.4000 – 1.4035 key resistance area so far. There are no changes in my daily outlook where overall price still trapped in range area of 1.4035 – 1.3740 and need a clear break from either side to see clearer direction. The bias is neutral in nearest term. Aggressive traders can short around 1.4000 – 1.4035 with tight stop loss. Immediate support at 1.3900. A clear break below that area would change the intraday bias to bearish retesting 1.3860. On the upside, a clear break above 1.4035 would continue the bullish continuation scenario targeting 1.4150 – 1.4281 this week.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusdh4chart5-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/eurusdh4chart5.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday, bottomed at 1.5978 but closed higher at 1.6070. The bias is neutral in nearest term but I think the overall pressure remains to the downside now as price still able to stay below the bullish channel as you can see on my daily chart below. Immediate resistance at 1.6135. A clear break above that area would change the intraday bias to bullish testing 1.6200 and would give the bullish scenario retesting 1.6300 another change. On the downside, 1.5950 is the nearest bearish target and need a clear break below that area to continue the bearish scenario and activate my bearish mode at least targeting 1.5750 region.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusddaily5-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/gbpusddaily5.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF made a significant bearish momentum yesterday by clearly broken below the range area after two weeks of consolidation as you can see on my daily chart below. This fact confirms the bearish continuation scenario targeting 0.9100 – 0.9000 this week. On the upside, only a movement back above 0.9230 would be a threat to the bearish continuation scenario and lead us to neutral zone as direction would become unclear.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily11-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdchfdaily11.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY made a significant bearish momentum yesterday, broke below the triangle formation as you can see on my daily chart below. This fact confirms the bearish scenario retesting 15-year low at 80.30. Immediate resistance at 81.20. A clear break above that area would lead us to neutral zone in nearest term testing 82.00 but I think the overall technical bias should remain to the downside. As a 15-year low level, 80.30 could be a strong support at this phase so we must pay attention to that support level.

http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpydaily2-300x185.jpg (http://static.fxinstructor.com/blog/wp-content/uploads/2011/03/usdjpydaily2.jpg)