تحليل فوركس فني يومي لخمسة أزواج

[m.youssif]

بسم الله الرحمن الرحيم

السلام عليكم:)

لمن يبحث عن نقطة دخول .... هذا التحليل الفني (http://fx-arabia.com/vb/showthread.php?t=16309) بعد متابعة طويلة له منذ مدة أراه ممتاز

التحليل لشخص يسمي


Setyo Wibowo

http://static.fxinstructor.com/images/bios/swibowo.png

محلل أندونسي الجنسية _ خبرته في السوق 10 سنوات

فلسفته في التداول " التداول ينبغي أن يكون بسيطا "

" البساطة هي مفتاح النجاح في المتاجرة "

نصائحه

* الشراء من القيعان
* البيع من القمم
* الإلتزام
* الصبر
* ادارة رأس مال جيدة

سأقوم بنقل التحليل يوميا صباحا للمتابعة:)

[delpiero]

جزاك الله خيراً
متابع معك التحليلات

[معاذ عودات]

بارك الله فيك
وفي انتظار التحليل
في ميزان حسناتك يا رب ..,

[faissal]

بارك الله فيك
متابع معك التحليلات :)

[seragsamy]

بارك الله فيك وبارك لك

منتظرين منك التحليلات الجديدة

[m.youssif]

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurusdh4chart13.jpg



EURUSD Forecast
The EURUSD had an extraordinary movement yesterday, moved almost 300 pips up after 300 pips down on Tuesday. I was anticipating upside correction, but the “correction” was much higher than I had expected. We don’t see this kind of movement everyday, but anything is possible in forex market. That’s why patient and money management are much more important than any technical or fundamental view. My ego was hurt but I made no trade yesterday since I saw no evidence that the correction was over to jump into the market with short position. On h4 chart below we can see that the bearish channel has been violated to the upside indicates bearish failure but doesn’t necessarily mean that we are back in bullish mode again. Not yet. The fact is that neither of bullish nor bearish is able to maintain their momentum this week suggests unclear direction. CCI also in neutral area in h1,h4 dan daily chart. Yesterday’s strong bullish momentum found resistance at 61.8% Fibo retracement of 1.4158 – 1.3700 around 1.3990 area. We need a clear break above that area to see further bullish momentum targeting 1.4000 before re-testing 1.4158. On the downside, immediate support at 1.3850. Break below that area could trigger further bearish pressure re-testing 1.3700 region. Judging by from the last couple of days extreme but unclear movement, we better think twice before make any trade today.

[m.youssif]

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/gbpusdh4chart14.jpg

GBPUSD Forecast
The GBPUSD was also corrected significantly higher yesterday, topped at 1.5877 and closed at 1.5847. Unlike the EUR/USD, the GBP/USD strong bullish momentum was not a big surprise for me since the major bullish scenario remains intact as price still move inside the major bullish channel. However, like the EUR/USD, neither of bullish nor bearish is able to maintain their momentum this week suggests unclear direction. Yesterday’s bullish movement found resistance at 50% Fibo retracement of 1.6105 – 1.5649 around 1.5880 as you can see on my h4 chart below. Break above that area could trigger further bullish continuation targeting 1.6000 before re-testing 1.6105. Immediate support at 1.5750. Break below that area could trigger further bearish momentum re-testing the lower line of the bullish channel and 1.5649 – 1.5600 support area.

[m.youssif]

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdchfh414.jpg

USDCHF Forecast
The USDCHF was corrected lower yesterday, bottomed at 0.9570 , closed at 0.9619 and traded around 0.9663 earlier today in Asian session at the time I wrote this comment. The bias is neutral in nearest term but as long as price move inside the bullish channel overall we are still in bullish phase. Immediate resistance at 0.9715 – 0.9750. Initial support at the lower line of the bullish channel and 0.9550 area. Break below that area could be a threat to the bullish scenario testing 0.9450.

[m.youssif]

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdjpyh4chart15.jpg

USDJPY Forecast
The USDJPY attempted to push lower yesterday, bottomed at 80.83, closed higher at 81.10 and had a volatile movement earlier today in Asian session, hit 81.82 but traded lower around 81.25 at the time I wrote this comment. The bias remains neutral in nearest term. Price has been trapped in range area of 81.95 and 80.85 since October 13 and need a clear break on either side to see clear direction. Break below 80.85 could trigger further bearish pressure targeting 80.00 and keep the major bearish scenario remains strong while break above 81.95 could trigger further bullish correction testing 82.87. Aggressive traders may long around 80.85 or short around 81.95 with tight stop loss.

[m.youssif]

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurjpyh415.jpg

EURJPY Forecast
The EURJPY was corrected significantly higher yesterday, topped and closed around 133.35, erased all the bearish momentum we had on Tuesday. However note that as long as price still move inside the bearish channel the major scenario remains bearish and only a violation to the bearish channel and consistent move above 113.75 could end the bearish phase and trigger further bullish momentum testing 114.65. Immediate support at 112.80. Clear break below that area could trigger further bearish pressure re-testing 111.60.

[محمد نوارج]

بارك الله لك يا باشا وجزاك الله كل الخير ..،

[m.youssif]

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurusdh4chart14.jpg

EURUSD Forecast
The EURUSD attempted to push higher yesterday, topped at 1.4049 but whipsawed to the downside and closed significantly lower at 1.3911. This movement still reflect unclear direction this week, a difficult market. I made a new wide bearish channel on h4 chart as a result of volatile, big but unclear movement since Tuesday. So far, I think overall the bearish bias since the fall from 1.4158 remains intact. The bias is neutral in nearest term. Immediate support at 1.3800. Break below that area could trigger further bearish pressure re-testing 1.3700. Immediate resistance at 1.4000. Break above that area could trigger further upside pressure testing the upper line of the bearish channel before re-testing 1.4158.

[m.youssif]

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/gbpusdh4chart15.jpg

GBPUSD Forecast
The GBPUSD had another bearish momentum yesterday, bottomed at 1.5685 and closed at 1.5715. The bias is bearish in nearest term re-testing the lower line of the bullish channel and 1.5649 – 1.5600 support area. Immediate resistance is seen at 1.5750 which is located around 23.6 Fibo retracement of 1.6105 – 1.5649. Break above that area could trigger further bullish momentum testing 1.5848/77 area and keep us in high volatile but unclear movement since Tuesday.

[m.youssif]

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdchfh415.jpg


USDCHF Forecast
The USDCHF regained its bullish momentum yesterday, topped at 0.9691 and closed at 0.9680. The bias is bullish in nearest term testing 0.9750. Immediate support at 0.9650. Break below that area could trigger further bearish pressure testing 0.9570/50 support area. As long as price moves inside the bullish channel we are still in bullish phase but broad Dollar volatility without clear direction this week could be an obstacle to the bullish run.

[m.youssif]

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdjpyh4chart16.jpg

USDJPY Forecast
The USDJPY made another insignificant movement yesterday. No significant technical move so far so there is no change in my technical view. Price still trapped in range area of 81.95 – 80.85 and need a clear break on either side to see clearer direction. Break below 80.85 could trigger further bearish pressure targeting 80.00 and keep the major bearish scenario remains strong while break above 81.95 could trigger further bullish correction testing 82.87. Aggressive traders may long around 80.85 or short around 81.95 with tight stop loss.

[m.youssif]

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurjpyh416.jpg

EURJPY Forecast
The EURJPY attempted to push higher yesterday, topped at 113.92 but found resistance at the upper line of the bearish channel as you can see on my h4 chart below and closed lower at 113.05. The bias is neutral in nearest term but as long as the bearish channel hold we are still in major bearish scenario and only violation to the bearish channel could be a threat to the bearish outlook testing 114.65. Immediate support at 112.40. Break below that area could trigger further bearish momentum testing 111.60.

[m.youssif]

EURUSD Weekly Summary

The EURUSD made another volatile but indecisive movement this week, made another Doji on weekly chart. Those Dojis in the last two weeks have lower highs and lows, indicating that the bearish bias since the fall from 1.4158 may still intact. Although the market is volatile and unclear where neither of bullish nor bearish can maintain momentum consistently, we still have a wide bearish channel after price violated the bullish channel as you can see on my h4 chart below suggests that overall we are still in bearish phase after strong bullish momentum. About two hours ago, one of my subscribers asked me about the CCI. So I think it’s a good idea to look at the CCI during two different type of price movement lately. Let’s take a look at my h4 chart below. Look at CCI in blue circle. Since the beginning of the bullish run in mid-September, CCI has been moving consistently above 100 and if price made a bearish correction, CCI never fall below the zero line before moving up back above 100. At the same time, price also move to the upside smoothly inside the bullish channel. The combination of price action and CCI behavior reflects a clear and strong bullish movement, make trading is relatively easier as direction is clear and momentum is consistent. Now look at the CCI in red circle. CCI doesn’t consistently move above 100 or below -100. We still have a bearish channel but the fact that CCI can not consistently move below -100 suggest that the current bearish bias is still vulnerable. It also means that the bearish momentum since downside movement from 1.4158 still has no validation from the CCI and compared to what happened during the bullish momentum since mid-September, it is relatively harder to trade in the last couple of weeks. CCI, like any other modern indicators is not a god and should not be used as single tool to make trade decision. However, it is useful to see whether we have a good and solid momentum or not.
For the upcoming week, I will pay attention to the upper line of the bearish channel and 1.4000 resistance area. A clear break above 1.4000 and violation to the upside of the bearish channel could cancel the bearish outlook testing 1.4158 even 1.4400. Important support at 1.3800. Clear break below that area could continue the bearish bias testing 1.3700 and 1.3600. I hope we can see clearer direction and consistent momentum, bullish or bearish and consistent CCI above 100 or below -100.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurusdh4chart15.jpg

[m.youssif]

EURUSD Forecast
The EURUSD had significant bullish momentum earlier today in Asian session, slipped above the bearish channel as you can see on my h4 chart below. This fact could be a threat to the bearish scenario especially if price able to consistently move above the bullish channel testing 1.4049 and 1.4158 in nearest term. Immediate support at 1.3953 (current low). Break below that area could trigger further bearish pullback testing 1.3900 and 1.3800 and lead us back to difficult situation similar to what happened in the last two weeks where direction is unclear and momentum is not consistent.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurusdh4chart16-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurusdh4chart16.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD bounced higher earlier today in Asian session after found support at the lower line of the major bullish channel as you can see on my h4 chart below. This fact keeps the major bullish scenario intact especially if price able to make a clear break above 1.5750 and 23% Fibo retracement of 1.6105 – 1.5649 testing 1.5800 – 1.5850. On the downside, only a clear break below the major bullish channel and 1.5650 support area could be a threat to the major bullish scenario.

[m.youssif]

USDCHF Forecast
The USDCHF was corrected lower earlier today in Asian session, struggling around 0.9730 support area as you can see on my h4 chart below. The bias is bearish in nearest term especially if break below 0.9730 testing 0.9650 but as long as price move inside the bullish channel we are still in bullish phase. Immediate resistance at 0.9830 (Friday’s high). Break below that area could trigger further upside momentum testing 0.9877.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdchfh416-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdchfh416.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY still trapped in range area of 81.95 – 80.85 since October 13, indicating consolidation phase but the major scenario remains bearish. The bias remains neutral in nearest term and need a clear break from the range area to see clearer direction. Break below 80.85 could trigger further bearish pressure targeting 80.00 and keep the major bearish scenario remains strong while break above 81.95 could trigger further bullish correction testing 82.87. Aggressive traders may long around 80.85 or short around 81.95 with tight stop loss.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdjpyh4chart17-300x193.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdjpyh4chart17.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY continued its bullish momentum earlier today in Asian session, testing the upper line of the bearish channel after bounced from 111.60 support area as you can see on my h4 chart below. A break above the bearish channel could be a threat to the bearish scenario targeting 114.65 even 115.65. On the downside, immediate support at 113.30/40. Break below that area should keep the major bearish scenario intact testing 112.80/50 area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurjpyh417-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurjpyh417.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD made another inconsistent movement yesterday. Price topped at 1.4079 but whipsawed to the downside, bottomed at 1.3907 and closed at 1.3922. As you can see on my h4 chart below, price is now back inside the bearish channel after slipped above it. Overall the direction remains unclear and price is moving in 1.4158 – 1.3700 range area. While longer time frames show unclear direction, intra-day traders may benefit from shorter time frame like 30 minute – hourly chart. The bias is neutral in nearest term. Immediate resistance at 1.3970. Break above that area could trigger further short term upside pressure testing 1.4028/50 area. Immediate support at 1.3900. Break below that area could trigger further short term bearish pressure testing 1.3850 – 1.3800.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurusdh4chart17-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurusdh4chart17.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD attempted to push higher yesterday, topped at 1.5771 but closed lower at 1.5708. This fact indicates that although the major bullish scenario remains intact as price still move inside the major bullish channel, the downside pressure is not over yet as price still making lower highs since the fall from 1.6105 and still threatening the major bullish outlook especially if this downside pressure able to push price below the bullish channel and move consistently below 1.5650 testing at least 1.5600 even lower. The bias is bearish in nearest term testing 1.5650 and the lower line of the bullish channel. Immediate resistance at 1.5750/60 area. Break above that area could trigger further upside pressure testing 1.5800 – 1.5850.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/gbpusdh4chart17-300x193.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/gbpusdh4chart17.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF attempted to push lower yesterday, bottomed at 0.9662 but closed higher at 0.9733 in a volatile but unclear movement. The bias is neutral in nearest term but as long as price moves inside the bullish channel we are still in bullish phase. Immediate support at 0.9650. Break below that area could trigger further bearish pressure testing the lower line of the bullish channel and could be a threat to the bullish phase. Initial resistance at 0.9750. Break above that area could trigger further upside pressure testing 0.9803 and 0.9877 area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdchfh417-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdchfh417.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY break below 80.85 yesterday, bottomed at 80.40 and now struggling around 80.85 area. The bias is bearish in nearest term targeting 80.00. Another move back above 80.85 could lead us to neutral zone and boring range market again but the major scenario remains bearish and I prefer a bearish scenario at this phase. Initial resistance remains at 81.95 and only a clear break above that area could trigger further upside recovery.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdjpyh4chart18-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdjpyh4chart18.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY had a bearish momentum yesterday after price failed to break above the bearish channel as you can see on my h4 chart below. This fact keeps the major bearish scenario intact. The bias is bearish in nearest term testing 111.60. Immediate resistance at the upper line of the bearish channel and 113.75. Break above that area and violation to the bearish channel could be a threat to the current bearish outlook testing 114.65 and 115.65 area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurjpyh418-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurjpyh418.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bearish bias yesterday, bottomed at 126.43 and closed at 126.92 and traded around 127.07 at the time I wrote this comment. The bias is bearish in nearest term especially if price able to move below 126.72 targeting 125.28. Immediate resistance at 127.62 area and the trend line resistance (blue). Break above that area could trigger further upside pullback testing 128.40/90 area but as long as price moves inside the bearish channel the major scenario remains to the downside.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/gbpjpyh417-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/gbpjpyh417.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD attempted to push higher yesterday, topped at 0.9973 but closed significantly lower at 0.9894. The bias is neutral in nearest term but the major scenario remains strongly bullish re-testing 1.0000 historical high. Immediate support at 0.9870 followed by 0.9837 (yesterday’s low). Break below that area could trigger further bearish pullback testing 0.9775 but as long as price moves inside the bullish channel the major scenario remains to the upside.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/audusdh416-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/audusdh416.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD had a bearish momentum yesterday after failed to make a clear break above 1.3970, bottomed at 1.3825 and closed at 1.3845. This fact keeps the bearish bias since the fall from 1.4158 intact and the bias is bearish in nearest term testing 1.3700. I hope we will start to see consistent momentum and clearer direction from now. Break below 1.3700 could trigger further bearish pressure testing 1.3600 – 1.3500 region. Immediate resistance at 1.3878 (current high). Break above that area could trigger further bullish pressure testing 1.3980 – 1.4000 area and keep us in unclear direction and inconsistent momentum condition.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurusdh4chart18-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurusdh4chart18.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD had a significant bullish momentum yesterday, topped at 1.5895 and closed at 1.5840 after a better than expected UK GDP number. On h1 chart below we can see price is moving in a new minor bullish channel indicates we could be in another bullish phase but the lower line of the minor bullish channel is now being tested to the downside. A break below the minor bullish channel and movement below 1.5800 could trigger further bearish pressure re-testing the lower line of the major bullish channel and 1.5700 support area. I think we need a clear break above 1.5895 to continue the bullish scenario targeting 1.6000.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/gbpusdhourly-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/gbpusdhourly.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF continued its bullish momentum yesterday, topped at 0.9881 and closed at 0.9845. The bias is bullish in nearest term especially if price make another break above 0.9881 targeting 1.0000. Immediate support at 0.9800 – 0.9750. Break below that area could trigger further bearish pullback testing the lower line of the bullish channel but as long as price move inside the bullish channel we are still in bullish phase.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdchfh418-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdchfh418.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY had a significant bullish correction yesterday, topped at 81.64 and closed at 81.40. The bias is bullish in nearest term testing 81.95. Break above that area could trigger further upside recovery testing 82.87. Immediate support at 81.36 (current low). Break below that area could trigger further bearish pressure testing 80.85 – 80.40 and keep the major bearish scenario remains strong.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdjpyh4chart19-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdjpyh4chart19.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY attempted to push higher yesterday, topped at 113.27 but closed lower at 112.71. The bias is neutral in nearest term. The major bearish scenario remains intact as long as price move inside the bearish channel targeting 111.60 and 110.00 especially if able to move below 112.50 support area and only a violation to the bearish channel could threat the current bearish outlook testing 114.65 and 115.65.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurjpyh419-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurjpyh419.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY had a significant bullish correction yesterday after a better than expected UK GDP number. The bias is bullish in nearest term testing 129.82 and the upper line of the bearish channel but as long as price move inside the bearish channel the major scenario remains bearish and any upside correction should be normal now. Immediate support at 128.91 (current low). Break below that area oould trigger further bearish pressure testing 127.62 area and keep the major bearish scenario remains strong.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/gbpjpyh418-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/gbpjpyh418.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD had a significant bearish momentum earlier today in Asian session after a bad CPI number. On h4 chart below we can see price is now testing the lower line of the bullish channel. Break below the bullish channel could be a threat to the bullish scenario testing 0.9600. Immediate resistance at 0.9862 (current high). We need a break above that area to keep the bullish scenario remains intact and strong.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/audusdh417-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/audusdh417.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD attempted to push lower yesterday, bottomed at 1.3733 but closed higher at 1.3794 and traded around 1.3810 earlier today in Asian session at the time I wrote this comment. Overall the bearish bias remains intact but no convincing and consistent bearish momentum so far. The bias is bullish in nearest term testing 1.3880/90 area. I still prefer a bearish scenario, but a break above 1.3880/90 could trigger further upside momentum testing 1.3980 – 1.4000. On the downside, immediate support at 1.3778 (current low). Break below that area could continue the bearish pressure testing 1.3700 before targeting 1.3600.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurusdh4chart19-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurusdh4chart19.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD was unable to maintain its bullish momentum yesterday after good UK GDP data push the pair peaked at 1.5895 on Tuesday. Price violated the minor bullish channel to the downside, bottomed at 1.5729 but closed higher at 1.5789. The bias is neutral in nearest term. Immediate resistance at 1.5800. Consistent move above that area could trigger further upside momentum testing 1.5900 area before testing 1.6000. Initial support at 1.5700 – 1.5650 and the lower line of the major bullish channel. Only a violation to the major bullish channel could be a threat to the major bullish scenario as bearish reversal scenario could be produced.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/gbpusdhourly1-300x193.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/gbpusdhourly1.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF attempted to push higher yesterday, topped at 0.9928 but closed lower at 0.9892. The bias is neutral in nearest term but overall we are still in bullish phase targeting 1.0000. Immediate support at 0.9877. Clear break below that area could trigger further bearish pullback testing 0.9800 – 0.9730 support area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdchfh419-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdchfh419.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY attempted to push higher yesterday, but still unable to make a clear break above 81.95 so far, traded around 81.62 at the time I wrote this comment. The bias is neutral in nearest term and we are still in consolidation phase. We need a clear break above 81.95 to continue the bullish momentum testing 82.87. Immediate support at 81.50. Break below that area could trigger further bearish pressure testing 80.85/40 area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdjpyh4chart20-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdjpyh4chart20.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY was volatile but indecisive yesterday. The bias is neutral in nearest term but as long as price moves inside the bearish channel the major scenario remains bearish and only a violation to the bearish channel could be a threat to the bearish scenario. Immediate resistance at 113.27 (yesterday’s high). Break above that area could be a threat to the current bearish outlook testing 113.75 – 114.65 area. Initial support at 112.21. Break below that area could trigger further bearish pressure testing 111.60 and 110.00 and keep the bearish scenario remains strong.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurjpyh420-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurjpyh420.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY didn’t make significant movement yesterday, made a Doji on daily chart. The bias is neutral in nearest term. As long as price moves inside the bearish channel the major bearish scenario remains intact but I think we are still in bullish correction phase after good UK GDP on Tuesday testing 129.82 and the upper line of the bearish channel. Immediate support at the lower line of the minor bullish channel (blue channel) and 128.25 area. Clear break below that area could trigger further bearish pressure testing 127.62 and 126.43 region.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/gbpjpyh419-300x193.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/gbpjpyh419.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD slipped below the bullish channel yesterday, bottomed at 0.9651 but closed higher at 0.9738 and now struggling around the lower line of the bullish channel as you can see on my h4 chart below. The bullish scenario is in a serious threat here, but if price go back inside the bullish channel and consistently above 0.9775 we could have further upside momentum as yesterday’s strong bearish pressure could be just a temporary market reaction after bad CPI number and could produce a false breakdown scenario re-testing 1.0000. Immediate support at 0.9700. Break below that area could trigger further bearish pressure testing 0.9600 and may give us the validation of technical bearish reversal scenario.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/audusdh418-300x193.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/audusdh418.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY had a bearish momentum yesterday, bottomed at 80.86 and hit 80.53 at the time I wrote this comment after failed to make a clear break above 81.95 as you can see on my h4 chart below. The bias is bearish in nearest term especially if break below 80.40 testing 80.00 and 79.70 area. On the upside, another move above 81.07 (current high) could lead us back to neutral zone and range condition with 81.95 as key resistance area.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdjpyh4chart21-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdjpyh4chart21.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF was corrected lower yesterday, found support at 0.9800 area and traded higher around 0.9863 at the time I wrote this comment. The bias is neutral in nearest term. Overall we are still in bullish phase especially if price able to make another break above 0.9877 targeting 0.9928 and 1.0000. On the downside, clear break below 0.9800 could trigger further bearish pressure testing 0.9730 and the lower line of the bullish channel but as long as price moves in the bullish channel I still prefer a bullish scenario.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdchfh420-300x193.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/usdchfh420.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD had a bullish momentum yesterday, topped at 1.3950 and closed at 1.3943 but traded lower around 1.3890 at the time I wrote this comment. On h1 chart below we can see price is moving inside a minor bullish channel but the bullish channel is now being tested to the downside. We know that price is still consolidating without clear direction in the last three weeks with inconsistent momentum. A break below the minor bullish channel and a consistent move back below 1.3890 could trigger further bearish movement testing1.3800. On the upside, we need a clear break above 1.3950 to continue the bullish momentum testing 1.4028 and the upper line of the major bearish channel.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurusdhourly-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurusdhourly.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD had a significant bullish momentum yesterday, topped at 1.5977 and closed at 1.5961. The bias is bullish in nearest term but I think we need a clear break above 1.6000 area to continue the bullish momentum re-testing 1.6105. Immediate support at 1.5900. Clear break below that area could trigger further bearish pullback testing 1.5800 support area. Overall we are still in a bullish major scenario as price is still moving inside the major bullish channel
http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/gbpusdh4chart18-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/gbpusdh4chart18.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY continued its bearish momentum today, hit 111.89 at the time I wrote this comment. The bias is bearish in nearest term testing 111.60. Clear break below that area could trigger further bearish pressure targeting 110.65 – 110.00. Immediate resistance at 112.97 (current high). Break above that area could trigger further upside momentum testing the upper line of the bearish channel but only a violation to the bearish channel could be a threat to the current bearish outlook testing 113.75 and 114.65.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurjpyh421-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurjpyh421.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY had a significant bearish movement today, slipped below the minor bullish channel as you can see on my h4 chart below indicates potential bearish pressure testing 127.62 before testing 126.43. Immediate resistance at 129.29 (current high). Break above that area could trigger further upside momentum testing 129.82 and the upper line of the bearish channel.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/gbpjpyh420-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/gbpjpyh420.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD is in critical phase now, a consolidation to find a clear direction. On h4 chart below we can see price still struggling around the lower line of the bullish channel. Immediate support at 0.9700. Break below that area could trigger further bearish pressure testing 0.9650/00 area and could be a threat to the bullish outlook as a bearish reversal scenario could be produced. On the upside, a clear break above 0.9793 could keep the bullish scenario intact testing 0.9917 – 1.0000 key resistance area.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/audusdh419-300x193.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/audusdh419.jpg)

[m.youssif]

URUSD Weekly Summary:
The EURUSD remains indecisive this week. We have three Dojis in the last three weeks indicates consolidation with no clear direction and consistent momentum. Last Saturday, I wrote about how CCI can not move consistently above 100 or below -100 and the situation remains the same so far, as you can see on my h4 chart below. This situation is similar to what happened around mid-August to mid-September before a new clear direction (bullish) can be seen from mid-September to the first week of October where CCI maintain position between zero line and above 100 indicates consistent, clear and strong bullish momentum. We still have the bearish channel since the bearish movement from 1.4158 so overall the bearish bias remains intact, unless price violate the bearish channel to the upside and consistently move above 1.4000 re-testing 1.4158 even 1.4400 region. On the downside, 1.3700 could be a key support level at this phase, and a clear movement below that area not only could trigger further bearish pressure, but a potential bearish reversal scenario at least testing 1.3600 – 1.3500 area. Smaller time frames like hourly and 30 minutes chart may still give benefits to intra-day traders for the upcoming week.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurusdh4chart20-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/10/eurusdh4chart20.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD was volatile earlier today in Asian session, bottomed at 1.3895 but whipsawed to the upside, hit 1.3996. The bias is bullish in nearest term testing 1.4028 and the upper line of the bullish channel. A clear break above the bearish channel could be a threat to the bearish outlook re-testing 1.4079 and 1.4158. However note that overall direction still unclear with inconsistent momentum so far and overall bias remains neutral. Immediate support at 1.3895/50 followed by 1.3800.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD attempted to push lower earlier today in Asian session, bottomed at 1.5990 but whipsawed to the upside, topped at 1.6068. This fact indicates the major bullish momentum is still strong. The bias is bullish in nearest term re-testing 1.6105. Immediate support at 1.5990. Another move below that area could lead us back to neutral zone testing 1.5900 region but overall the major scenario remains bullish especially if we have a consistent move above 1.6100 targeting 1.6200 1.6300 area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart-300x193.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF attempted to push higher today, hit 0.9877 but further upside pressure was still limited so far and traded lower around 0.9830 at the time I wrote this comment. The bias is neutral in nearest term but overall we are still in bullish phase especially if price able to make a clear break above 0.9877 testing 0.9928 and 1.0000. On the downside, break below 0.9800 could trigger further bearish pullback testing 0.9730 but as long as price move inside the bullish channel I still prefer a bullish scenario.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh4-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh4.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY attempted to push higher earlier today in Asian session, topped at 81.41 but quickly fell around 80.65 at the time I wrote this comment. The bias is bearish in nearest term testing 80.24 – 79.70. Immediate resistance at 80.85. Another move back above that area could lead us to neutral zone in nearest term as direction would become unclear but only a break above 81.95 could be a serious threat to the current strong bearish outlook.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart-300x193.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY slipped above the bearish channel earlier today in Asian session, indicates a serious upside challenge to the bearish scenario. So far price still maintain position inside the bearish channel but a consistent move above the channel could trigger further bullish momentum testing 113.75 and could be a beginning of a bullish reversal scenario testing 114.65 and 115.65 region. Immediate support at 112.33 (current low). Break below that area would keep the major bearish scenario intact testing 111.60.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh4-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh4.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY also slipped above the bearish channel earlier today in Asian session as you can see on my h4 chart below. This fact suggests a serious threat to the bearish outlook especially if price able to consistently move above the bearish channel and 129.91 testing 131.00. Immediate support at 128.98 (current low). Break below that area would keep the major bearish scenario intact testing 128.00 – 127.62 support area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh4-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh4.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD still volatile without clear direction so far. This is normal because we are in consolidation phase, where price is looking for a clear direction. Expected medium range area at 1.0000 – 1.09600. The bias is neutral in nearest term. Immediate resistance at 0.9917. Break above that area could trigger further bullish momentum re-testing 1.0000. Initial support at 0.9775 followed by 0.9600.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh4-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh4.jpg)

[gick515]

متابعين التحليل معاك ان شاء الله

[m.youssif]

EURUSD Forecast
The EURUSD had a bullish momentum yesterday, topped at 1.4057 and closed at 1.4032. On h4 chart below we can see that the major bearish channel has been violated to the upside indicates a serious threat to the bearish outlook and potential bullish continuation re-testing 1.4158 area. However we haven’t seen consistent momentum so far so the situation remains tricky. Immediate support at the lower line of the bullish channel and 1.3950 area. Break below that area could trigger further downside pullback testing 1.3880 and keep direction/bias remains unclear.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart1-300x193.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart1.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD was volatile but remains indecisive yesterday. The bias is neutral in nearest term but the major outlook remains to the upside with 1.6105 as the nearest resistance line to be tested. Above that, 1.6250 could be seen this week. Immediate support at 1.6000 and the lower line of the minor bullish channel. Break below that area could trigger further downside pullback testing 1.5950 – 1.5900 but the main scenario remains to the upside and I still prefer a bullish scenario at this phase.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart2-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart2.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF was corrected lower significantly yesterday, bottomed at 0.9757 and closed at 0.9793. The bias remains bearish in nearest term testing 0.9730 and the lower line of the bullish channel but as long as price moves inside the bullish channel we are still in bullish phase. Immediate resistance at 0.9877. Break above that area could continue the bullish scenario testing 1.0000.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh42-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh42.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY didn’t make significant movement yesterday. In fact, I think this pair has been trendless in the last two weeks. However the overall bias remains bearish testing 79.70 in nearest term. Immediate resistance at 80.85 followed by 81.95. The major outlook remains bearish but no significant bearish momentum so far.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart2-300x193.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart2.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY had a significant bullish momentum yesterday, violated the bearish channel to the upside as you can see on my h4 chart below indicates a serious threat to the bearish scenario and potential bullish outlook testing 113.75 and 114.65 area. Immediate support at 112.25. Break below that area could trigger further bearish pressure testing 111.60 and keep the bearish scenario intact.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh42-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh42.jpg)

[m.youssif]

GBPJPY Forecast


The GBPJPY was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term but price is struggling around the upper line of the bearish channel as you can see on my h4 chart below indicates critical phase. A violation to the upside of the bearish channel could be a serious threat to the bearish scenario and a beginning of a bullish phase testing 131.00. Immediate support at 128.80. Break below that area would keep the bearish scenario intact testing 127.62.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh42-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh42.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD made a new historical high yesterday, topped at 1.0023 and closed at 0.9986. The bias is neutral in nearest term but overall remains strongly bullish especially if break above 1.0023 today, probably would make new historical highs between 1.0050 – 1.0100. Immediate support at 0.9917. Break below that area could trigger further bearish momentum testing 0.9850 and the lower line of the bullish channel.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh42-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh42.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD continued its bullish bias yesterday, topped at 1.6170 but closed lower at 1.6105. The bias remains bullish in nearest term testing 1.6250 area. Immediate support at 1.6079 and the lower line of the minor bullish channel. Break below that area and violation to the downside of the minor bullish channel could trigger further downside pressure testing 1.6000 but overall the major scenario remains to the upside.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdhourly-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdhourly.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF continued its bearish momentum yesterday. As you can see on my h4 below price slipped below the bullish channel indicates a serious threat to the bullish outlook testing 0.9650 – 0.9600 support area. Immediate resistance at 0.9800. Break above that area would keep the bullish scenario intact testing 0.9877 – 0.9928 area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh43-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh43.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY still trapped inside a range area without a clear direction and consistent momentum so far. The bias remains neutral in nearest term. Expected range at 81.95 – 80.24, but still with more downside bias. 81.95 level could be a good place for a short position. Good downside target (80.24 – 79.70) with limited upside risk, stop above 81.95.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart3-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart3.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD continued its bearish momentum yesterday, bottomed at 1.3858 and closed at 1.3863 after violated the bullish channel and consistently move below 1.4000. The bias remains bearish in nearest term testing 1.3800 and the trend line support area as you can see on my h4 chart below. Clear break below that area could trigger further bearish momentum targeting 1.3700 even 1.3500 area this week. Immediate resistance at 1.3896 (current high). Break above that area could lead us to neutral zone in nearest term testing 1.3950 – 1.4000 but overall we are still in bearish bias at this phase.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart4-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart4.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD also had a bearish momentum yesterday and attempted to push lower earlier today in Asian session, slipped below 1.6079 but rebounded to the upside, traded around 1.6130 at the time I wrote this comment. The bias is neutral in nearest term but I think we are still in bearish correction phase especially if price able to consistently move below 1.6079 targeting 1.6000 area. Immediate resistance at 1.6170. Break above that area could trigger further upside pressure testing 1.6250/80 region and could end the bearish correction phase.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart4-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart4.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF was corrected higher yesterday, topped at 0.9680 and closed at 0.9674. The bias is bullish in nearest term testing 0.9730 but overall I think we are still in bearish phase. Immediate support at 0.9650. Break below that area could trigger further bearish pressure testing 0.9550.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh45-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh45.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY was indecisive yesterday. Overall we are still in consolidation phase without clear direction and consistent move which is also indicated by triangle formation as you can see on my h4 below. We need a clear break from the triangle to see clearer direction. Break above the triangle could trigger further upside correction testing 81.95 while a break below the triangle could trigger further bearish continuation re-testing 80.24 – 79.70 area. I think I will stand aside for now.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart5-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart5.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY had a bearish momentum yesterday, bottomed at 112.37 and keep moving lower earlier today in Asian session, hit 112.04. The bias is bearish in nearest term targeting 111.60 and 110.00 support area. Immediate resistance at 112.66 (current high). Break above that area could lead us to neutral zone in nearest term testing 113.75 but I think we are in a bearish phase now and I prefer a bearish scenario with short on rallies strategy.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh45-300x189.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh45.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY also had a bearish momentum yesterday, bottomed at 130.53 and hit 130.29 earlier today in Asian session. On h4 chart below we have a V-Top formation indicates potential bearish reversal scenario and a serious threat to the bullish outlook. The bias is bearish in nearest term targeting 129.82 – 129.00. Immediate resistance at 131.00. Break above that area could trigger further bullish momentum testing 132.00 and keep the bullish outlook intact.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh45-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh45.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD was corrected lower yesterday, bottomed at 1.0078 and closed at 1.0100. The bias is bearish in nearest term testing 1.0000 area especially if price able to make a clear break below 1.0084. However, the major scenario remains bullish. We have a “flag” bullish formation as you can see on my h4 chart below. Break above the formation could continue the bullish pressure testing 1.0250 area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh45-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh45.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD was able to maintain its bearish bias yesterday. Price attempted to push higher, topped at 1.3937 but whipsawed to the downside, slipped below the trend line support as you can see on my h4 chart below, fell below 1.3800 and hit 1.3735 earlier today in Asian session. The bias remains bearish in nearest term targeting 1.3700 area before testing 1.3500 this week. We have potential bearish reversal scenario here, but I need a clear break below 1.3700 to have further validation to the bearish reversal outlook. Immediate resistance at 1.3800. Break above that area could lead us to neutral zone in nearest term testing 1.3850 – 1.3900 area but as long as price move below 1.4000 I prefer a bearish scenario at this phase. After several weeks of unclear direction and inconsistent movement, I hope we can see a good trending market.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart5-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart5.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD also had a bearish momentum yesterday after failed to make a clear break above 1.6170, bottomed at 1.5951 and closed at 1.5997. The bias is bearish in nearest term targeting 1.5900 even could test the lower line of the major bullish channel as you can see on my h4 chart below. Immediate resistance at 1.6079. Break above that area could lead us to neutral zone in nearest term but as long as price moves inside the bearish channel (blue) we are still in bearish correction phase and only a violation to the bearish channel could end the bearish correction testing 1.6170 – 1.6250 area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart5-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart5.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF attempted to push lower yesterday, bottomed at 0.9586 but whipsawed to the upside and closed higher at 0.9684. This fact keeps the bullish correction scenario intact targeting 0.9730 – 0.9800 resistance area. Immediate support remains around 0.9650. Break below that area could trigger further bearish pressure testing the lower line of the minor bullish channel but only a violation the bullish channel could end this bullish correction phase testing 0.9550 and 0.9460 area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh46-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh46.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY made a false break down below the triangle yesterday before reverse its direction and made a strong break out above the triangle as you can see on my h4 chart below. This fact indicates a potential bullish scenario in nearest term but need a clear break above 81.95 to continue the upside recovery testing 82.87. Immediate support at 81.20. Break below that area could lead us to neutral zone as direction would become unclear and keep us in boring market and range area of 81.95 – 80.24.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart6-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart6.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY was volatile but indecisive yesterday. The bias is neutral in nearest term with expected range at 113.13 – 111.60. On h4 chart below we have a V-Top formation and from another point of view also look like a “head and shoulders” formation which is a bearish pattern especially if price able to make a clear break below 111.60 targeting 110.00. On the other hand, break above 113.13 could trigger further bullish pressure testing 113.75 and activate my wait and see mode but I prefer a bearish scenario at this phase as my technical study show more bearish bias now.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh46-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh46.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY was volatile but indecisive yesterday. The bias is neutral in nearest term. Similar to the EURJPY, as you can see on my h4 chart below, this pair forms a V-Top formation which also can be seen as a “head and shoulders” formation from another point of view, suggests more bearish bias at this phase especially if price made a clear break below 129.82 testing 129.00 even lower as bearish reversal scenario would be confirmed. On the other hand, a break above 131.00 could lead us to neutral zone testing 132.00 and activate my wait and see mode.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh46-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh46.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD was volatile yesterday but overall still able to maintain its bearish correction bias. On h4 chart below we can see that the bullish flag scenario has failed which could set more bearish correction scenario especially if price make a clear break below 1.0000 testing 0.9920/00. As long as price moves inside the bullish channel we are still in a major bullish outlook, but need a clear break above 1.0182 to continue the bullish scenario making new historical highs projection around 1.0250 area. On the other hand, a break below the bullish channel could be a threat to the bullish outlook and potential bearish reversal scenario.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh46-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh46.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD was volatile but indecisive yesterday. Price slipped below 1.3700 but whipsawed to the upside and closed higher at 1.3774. The bias is bullish in nearest term testing 1.3900 – 1.3950 area. The 1.3700 area is an important support at this phase so a strong rejection to move consistently below that area could trigger further upside momentum in nearest term but overall I think we are still in a bearish bias. Immediate support at 1.3750. Break below that area could trigger further bearish pressure re-testing 1.3700 but we need a clear break below 1.3700 to continue the bearish scenario testing 1.3500 area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart6-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart6.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD had a significant bullish momentum yesterday, break above the bearish channel as you can see on my h4 chart below. This fact could end the bearish correction phase especially if price able to make a clear break above 1.6170 targeting 1.6250/80 region. Immediate support at 1.6079. Break below that area could trigger further bearish pressure testing 1.6000 – 1.5950 but will activate my wait and see mode.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart6-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart6.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF attempted to push higher yesterday, topped at 0.9766 but closed lower at 0.9705. The bias is neutral in nearest term but as long as price move inside the bullish channel we are still in bullish correction phase. Immediate support remains at 0.9650. Break below that area could trigger further bearish pressure testing the lower line of the bullish channel and could be a threat to the bullish correction scenario. On the upside, another move above 0.9730 could trigger further upside momentum testing 0.9800.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh47-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh47.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY attempted to push higher yesterday, topped at 82.79 but closed lower at 82.22. The bias is neutral in nearest term. After made a strong break out above the triangle overall we are in bullish recovery phase, but another move below 81.95 would lead us to neutral zone as direction would become unclear both in short and medium term and reactivated my wait and see mode. On the upside 82.87 remains the nearest bullish correction target. Break above that area could trigger further upside momentum testing 83.70 area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart7-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart7.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY had a significant bullish momentum yesterday after unable to reach 111.60 support area. This fact activates my wait and see mode as overall we are still trapped in range market. The bias is bullish in nearest term testing 113.75. Break above that area could trigger further bullish momentum testing 114.65. Immediate support at 113.13 – 112.80 area and the lower line of the minor bullish channel. Clear break below that area could trigger further bearish momentum testing 111.60.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh47-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh47.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY had a significant bullish momentum yesterday. On h4 chart below we can see price break above the V-Top formation indicates bearish scenario failure and potential bullish continuation targeting 133.50/75. Break above that area could trigger further bullish momentum testing 135.03. Immediate support at 132.00. Break below that area could lead us back to neutral zone in nearest term testing 131.00 and reactivated my wait and see mode.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh47-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh47.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD was volatile but indecisive in the last 24 hours. Overall we are still in bearish correction phase but need a clear break below 1.0000 to continue the bearish correction testing 0.9900 and the lower line of the bullish channel. The bias is neutral in nearest term and my wait and see mode is now activated. The major scenario remains bullish but need a clear break above 1.0182 to continue the bullish scenario making new historical high projection around 1.0250 area. On the other hand, a break below the bullish channel could be a threat to the bullish outlook and potential bearish reversal scenario.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh47-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh47.jpg)

[m.youssif]

EURUSD Weekly Summary: Bearish momentum after consolidation, a potential further



The EURUSD had a bearish momentum this week, bottomed at 1.3573 and closed at 1.3689. A bearish momentum after four weeks of indecisive/consolidation movement could give us further bearish set up in upcoming week. On daily chart below we can see price break below the minor trend line support (blue) indicates potential bearish view in short/medium term outlook testing 1.3500 – 1.3333 and the major trend line support area (red). The market still volatile enough and any movement and/or daily close above 1.3700 could trigger further upside pullback testing 1.3850 – 1.3900 resistance area but I think overall we are in a bearish phase. OK, that’s it for now. Extreme weather lately and I don’t feel very well.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusddaily-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusddaily.jpg)

[المسلم أمره لله]

بارك الله فيك أخي الفاضل
جهود مباركة
موفق باذن الله
و الى الأمام

[targetegy]

كل سنه وانت طيب

[m.youssif]

ونتا طيب وعيد سعيد :)

[m.youssif]

EURUSD Forecast
The EURUSD had a bearish momentum last week, bottomed at 1.3573 but still unable to consistently move below 1.3700 so far as market remains highly volatile. I think overall we are still in bearish bias but need a consistent move below 1.3700 to continue the downside pressure testing 1.3500 – 1.3333 this week. Immediate resistance at 1.3750. Consistent move above that area could trigger further bullish pullback testing 1.3850 – 1.3900.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart7-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart7.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD was volatile but indecisive on Friday. The bias is neutral in nearest term. As long as price moves inside the major bullish channel overall we are still in a major bullish scenario. Immediate resistance at 1.6170/80. Clear break above that area could trigger further bullish momentum re-testing 1.6270 – 1.6300 area. Initial support at 1.5950. Break below that area could trigger further bearish pressure testing the lower line of the bullish channel and could be a threat to the bullish outlook.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart7-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart7.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF continued its bullish bias on Friday, topped at 0.9812 and closed at 0.9807. The bias remains bullish in nearest term especially if price make another break above 0.9812 targeting 0.9880. Immediate support at 0.9730. Break below that area could trigger further bearish pressure testing the lower line of the bullish channel and 0.9650 support area. From longer term perspective, as we can see on my h4 chart below, price is moving inside a triangle formation after significant bearish movement. If the current bullish momentum can take the price break above the triangle, we could be in the early phase of a bullish reversal scenario.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh48-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh48.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY attempted to push lower on Friday, slipped below 81.95 but closed higher at 82.51. This fact keeps the bullish correction scenario which started since the break out above the triangle remains intact testing 82.87. Clear break above that area could trigger further bullish recovery testing 83.87. Immediate support at 82.30 followed by 81.95.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart8-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart8.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY slipped below 111.60 on Friday but whipsawed to the upside and closed higher at 112.99. The bias is bullish in nearest term testing 114.65. However, overall I think we are still in consolidation phase as price moves in range area of 111.60 – 115.65 as you can see on my h4 chart below. I think I will stand aside for now. Immediate support at 112.50. Break below that area could trigger further bearish pressure testing 111.60.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh48-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh48.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY was volatile but indecisive on Friday. Price attempted to push lower, bottomed at 130.96 but whipsawed to the upside and closed higher at 132.93. The bias is bullish in nearest term targeting 134.50 – 135.03 area. Immediate support at 132.94 (current low). Break below that area could lead us to neutral zone in nearest term testing 132.00 but overall I think the bias remains to the upside.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh48-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh48.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD had a significant bearish momentum on Friday, slipped below the bullish channel as you can see on my h4 chart below. This fact could be a threat to the bullish outlook with potential bearish reversal scenario. The bias is bearish in nearest term targeting 0.9750. Immediate resistance at 0.9900. Break above that area could lead us to neutral zone in nearest term but only another move above 1.0000 could keep the bullish outlook intact. This pair has been making new historical highs lately and a strong bearish reversal scenario could be on the way.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh48-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh48.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD continued its bearish bias yesterday but still unable to make a clear break below Friday’s low around 1.3560/70 area. The bias remains bearish in nearest and medium term targeting 1.3500 – 1.3333 this week especially if price able to make a clear break below 1.3560/70 support area. Immediate resistance at 1.3650. Break above that area could lead us to neutral zone in nearest term testing 1.3700 but overall we are still in bearish phase. CCI still maintain position in negative territory on h4 chart suggests that the current bearish momentum is strong enough.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart8-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart8.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday, bottomed and closed at 1.6040. The bias is bearish in nearest term targeting 1.5950 but note that overall we are still in a major bullish outlook and only a violation to the bullish channel could be a threat to the bullish scenario. Immediate resistance at 1.6100. Break above that area could trigger further upside momentum but need a clear break above 1.6170/80 to continue the bullish scenario testing 1.6270 – 1.6300.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart8-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart8.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF continued its bullish momentum yesterday, topped at 0.9870 and closed at 0.9851. The bias remains bullish in nearest term targeting 1.0000 especially if price make another break above 0.9880 and move above the triangle. The upper line of the triangle seems to be an important resistance to be watched closely at this phase. Immediate support at 0.9800 and the lower line of the minor bullish channel (red). Break below that area could trigger further bearish pressure testing 0.9730 but as long as price moves inside the major bullish channel we are still in bullish phase.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh49-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh49.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY continued its bullish correction yesterday, topped at 83.25 and closed at 83.16. The bias remains bullish in nearest term testing 83.70 – 84.00. Immediate support at 82.87. Break below that area could lead us to neutral zone in nearest term but overall we are still in bullish phase.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart9-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart9.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY was volatile but indecisive yesterday. The bias remains neutral in both nearest and medium term as price still trapped in range area of 111.60 – 115.65 as you can see on my h4 chart below and we need a break on either side to see clearer direction. I will keep stand aside for now.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh49-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh49.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY didn’t make significant movement yesterday but overall still maintain its bullish bias targeting 134.50 – 135.03 area. Immediate support at 133.00. Break below that area could trigger further bearish pressure testing 132.00 but only a violation to the bullish channel could be a threat to the current bullish scenario.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh49-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh49.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD still maintain its bearish bias yesterday. The movement below the bullish channel is still a threat to the bullish outlook, but there is a triple bottom formation around 0.9810 indicates potential bottom in nearest term after strong bearish pullback since November 08. We need a clear break below 0.9810 to continue the bearish reversal scenario at least targeting 0.9750 – 0.9650 region. Immediate resistance at 0.9919 (yesterday’s high). Break above that area could trigger further bullish momentum testing 1.0000.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh49-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh49.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD continued its bearish momentum yesterday, bottomed at 1.3446 after made a clear break below 1.3560/70 support area. The bias remains bearish in nearest term targeting 1.3333 this week especially if price able to move consistently below 1.3500. I don’t see significant technical support between 1.3500 – 1.3333 so unless we have fundamental/economic number surprises, the journey to 1.3333 should be relatively smooth. Immediate resistance at 1.3570. Break above that area could trigger further upside pullback testing 1.3650 – 1.3700 resistance area. We have no significant bullish rebound since bearish momentum from 1.4230 on November 05 so any upside pullback is normal but overall we are still in strong bearish phase.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart9-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart9.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD had a significant bearish momentum yesterday, touched the lower line of the bullish channel but still unable to break below the channel so far. The bias remains bearish in nearest term but need a clear break below the bullish channel to continue the bearish momentum and confirm the bearish reversal scenario at least targeting 1.5650 area. Immediate resistance at 1.5900. Break above that area could lead us to neutral zone in nearest term testing 1.5950 – 1.6000 and keep the major bullish scenario intact.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart9-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart9.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF had a significant bullish momentum yesterday, breakout above the triangle as you can see on my h4 chart below indicates potential bullish reversal scenario targeting 1.0000 and 1.0182. Immediate support at 0.9900. Break below that area could trigger further bearish pullback testing 0.9850 – 0.9800 but overall I think we are still in strong bullish phase and short position is not recommended.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh410-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh410.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY attempted to push lower yesterday, bottomed at 82.84 but whipsawed to the upside and closed higher at 83.37. This fact keeps the bullish scenario intact targeting 83.70 – 84.00 in nearest term before testing 84.70 and 85.93. Immediate support at 82.84 (yesterday’s low). Break below that area could lead us to neutral zone in nearest term but overall we are still in bullish phase now.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart10-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart10.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY attempted to push higher yesterday, topped at 113.44 but closed lower at 112.50. The bias is bearish in nearest term testing 111.60 but overall price still trapped in range area of 111.60 – 115.65. Immediate resistance at 113.44 and the minor trend line resistance (red). Break above that area could trigger further upside pressure testing 114.28.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh410-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh410.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY had a bearish momentum yesterday, bottomed at 132.17 and closed at 132.43. The bias is bearish in nearest term especially if break below 132.00 targeting 131.00 and the lower line of the bullish channel but note that as long as price moves inside the bullish channel the major scenario remains to the upside. Immediate resistance at 132.60. Break above that area could trigger further upside pressure testing 133.00 – 133.60.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh410-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh410.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD continued its bearish momentum yesterday, bottomed at 0.9723 and closed at 0.9761 after break below 0.9810. This fact gives further validation to the bearish reversal scenario. The bias remains bearish in nearest term testing 0.9650 especially if price able to consistently move below 0.9750. Immediate resistance at 0.9810. Break above that area could trigger further bullish pullback testing 0.9900 but overall I think we are still in bearish bias and long position is not recommended.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh410-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh410.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD was corrected higher yesterday and keep moving higher earlier today in Asian session hit 1.3593. The bias is bullish in nearest term testing 1.3650 – 1.3700 resistance area but overall we are still in strong bearish phase. Like I said, any upside pullback is normal and I still prefer a bearish scenario. Immediate support at 1.3500. Clear break below that area could end the current bullish correction testing 1.3333 this week.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdhourly2-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdhourly2.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD bearish pressure was paused yesterday after found support at the lower line of the bullish channel. The bias is neutral in nearest term. The major bullish scenario remains intact especially if price break above 1.5950 targeting 1.6000 – 1.6080 area. On the downside, key support area remains at the lower line of the bullish channel and 1.5880. Clear break below the bullish channel could be a threat to the major bullish outlook at least testing 1.5750 – 1.5650 which could give an early validation to the bearish reversal scenario.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart10-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart10.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF was corrected lower yesterday. We haven’t seen significant bearish correction since strong bullish run from November 05 so this bearish pullback is normal and we are still in bullish phase. I think I will stand aside for now. Immediate support at the lower line of the minor bullish channel (red) and 0.9900. Consistent move below that area could trigger further bearish pullback testing 0.9800. Initial resistance at 0.9975. We need a clear break above that area to continue the bullish scenario targeting 1.0000 and 1.0182.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh411-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh411.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY was corrected lower yesterday. I think this is a normal correction and overall we are still in bullish phase. The bias is neutral in nearest term. Immediate support remains at 82.84. Break below that area could trigger further bearish momentum testing 82.40 – 81.95 support area. Initial resistance at 83.70 which is also the nearest bullish target. Break above that area could trigger further bullish continuation testing 84.00 – 84.70.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart11-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart11.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY didn’t make significant movement yesterday and still trapped in range area of 115.65 – 111.60 in the last 9 weeks. The bias is neutral both in nearest and medium term and I think I will keep stand aside for now. Immediate resistance remains at 113.44 and the minor trend line resistance (red). Break above that area could trigger further bullish pressure testing 114.28 – 114.65. On the downside, key support level remains at 111.60. Break below that area could lead us to a bearish outlook.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh411-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh411.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY attempted to push higher yesterday, topped at 132.96 but further upside pressure was limited and closed lower at 132.31. The bias is neutral in nearest term but as long as price moves inside the bullish channel we are still in bullish phase especially if price able to break above 132.96 targeting 133.75 before testing 135.03. On the downside, key support area is seen around 132.00 and the lower line of the bullish channel. Only violation to the bullish channel could be a threat to the bullish outlook.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh411-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh411.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD bearish momentum was paused yesterday after failed to consistently move below 0.9750. The bias is bullish in nearest term testing 0.9920 but this fact activates my wait and see mode. The bearish reversal scenario remains valid after the violation of the bullish channel but need a clear break below 0.9750 to continue the bearish pressure testing 0.9650 even lower. On the upside, clear break above 0.9920 could trigger further upside momentum testing 1.0000.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh411-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh411.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD continued its bullish correction yesterday, topped at 1.3667 and closed at 1.3655. The bias remains bullish in nearest term testing 1.3700 – 1.3750 but I think the major bearish scenario remains intact and the current bullish momentum is still considered as a counter trend move. Immediate support at 1.3550. Break below that area could potentially end the current bullish correction testing 1.3500 – 1.3450 area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdhourly3-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdhourly3.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD continued its bullish momentum yesterday, topped at 1.6055 and closed at 1.6049. The bias remains bullish in nearest term testing 1.6100 and the upper line of the minor bearish channel (red). The major scenario remains bullish but as long as price moves inside the minor bearish channel overall we are still in bearish consolidation movement after the fall from 1.6292 on November 05. A violation to the minor bearish channel and consistent move above 1.6100 could potentially end the bearish correction and continue the major bullish scenario testing 1.6292 even higher. Immediate support at 1.5950. Break below that area could trigger further bearish pressure testing 1.5880 and the lower line of the major bullish channel (white) and could be the second threat to the major bullish outlook.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart11-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart11.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF slipped below the minor bullish channel yesterday but whipsawed to the upside, topped at 0.9997 and closed at 0.9954 in a volatile market. This fact could potentially produced a false breakdown scenario and could continue the upside pressure especially if price make a clear break above 1.0000 targeting 1.0182 area. Immediate support at 0.9850. Break below that area could trigger further bearish pressure testing 0.9800 – 0.9750.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh412-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh412.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY continued its bullish momentum yesterday but still unable to move consistently above 83.70 area. The bias is bullish in nearest term but need a consistent move above 83.70 to continue the bullish pressure testing 84.00 – 84.70 area. Immediate support remains around 82.84. Break below that area could trigger further bearish momentum testing 82.40 – 81.95 support area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart12-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart12.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY had a significant bullish momentum yesterday after made a strong breakout above 113.44 and the minor trend line resistance as you can see on my h4 chart below. The bias is bullish in nearest term testing 114.28 – 114.65 but note that we are still in range area where medium bias remains trendless. I will keep stand aside. Immediate support at 113.44. Another move below that area could lead us to neutral zone in nearest term testing 113.00 – 112.80.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh412-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh412.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bullish momentum yesterday after break above 132.96, topped at 134.20 and closed at 134.06. The bias is bullish in nearest term testing 135.03 especially if price make another strong breakout above 134.20. Immediate support at 133.00. 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 major bullish scenario.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh412-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh412.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD continued it bullish correction yesterday, topped and closed at 0.9905. The bias is bullish in nearest term targeting 1.0000 especially if price able to make a clear break above 0.9920. However, note that overall the bearish reversal scenario after the violation to the bullish channel remains valid and the current bullish momentum is still considered as a counter trend move and only a move above 1.0000 could be a threat to the bearish reversal scenario. Immediate support at 0.9810. Break below that area could potentially end the current bullish correction testing 0.9750 even 0.9650 region.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh412-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh412.jpg)

[مدير الموقع]

النبى عربى يا ريس
انا فاهم غيرى مش فاهم.
ترجمة تبقى عملت الهوم وورك و زيادة مع اخوانك..
دمت بكل خير.

[m.youssif]

النبى عربى يا ريس
انا فاهم غيرى مش فاهم.
ترجمة تبقى عملت الهوم وورك و زيادة مع اخوانك..
دمت بكل خير.
علي فكرة الانجليزي بتاعه سهل وبسيط وممكن يستعين بجوجل في ترجمة بعض الكلمات

والشارت برده واضح عليه خطوط الدعم والمقاومة

[Dox]

النبى عربى يا ريس
انا فاهم غيرى مش فاهم.
ترجمة تبقى عملت الهوم وورك و زيادة مع اخوانك..
دمت بكل خير.
طيب يادكتور مدام انت فاهم لو مقتنع تترجم انت ( دا في حالة ان الناقل تعذر عليه الترجمة وله كل الشكر طبعا علي النقل )

[m.youssif]

EURUSD Weekly Summary: A broader look at the daily chart


The EURUSD attempted to push lower this week, slipped below 1.3500 but whipsawed to the upside and closed higher at 1.3670. My medium bearish bias since the fall from 1.4281 remains intact, but a look at the daily chart below suggests that the long term bullish outlook is also remains valid as price still moves inside the major bullish channel since the strong bullish momentum from 1.1875. From this point of view, I have two technical levels that need to be watched very closely for the upcoming week. On the upside, the 1.3830/50 resistance area seems to be a key resistance level at this phase. A clear break above that area could be a threat to the medium term bearish bias testing 1.4000. On the downside, another move below 1.3500 could trigger further bearish momentum testing 1.3333 and the lower line of the bullish channel, which could be a threat to the daily chart bullish outlook.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusddaily1-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusddaily1.jpg)

Have a great weekend and see you guys next week.

[m.youssif]

EURUSD Forecast
The EURUSD had a gap earlier today in Asian session, opened higher at 1.3741 which is about 70 pips higher than Friday’s close price. The bias remains bullish in nearest term testing 1.3830/50 region especially if price able to make a clear break above 1.3770 resistance area but we may have potential downside move testing 1.3670 area as gaps are usually filled. On h4 chart below we have a V-bottom formation, which is a bullish pattern so although the bearish medium bias since the fall from 1.4230 remains intact, the current strong bullish pullback could be a serious threat to the bearish outlook. Break below 1.3670 support area could lead us to neutral zone in nearest term testing 1.3600. On the other hand, consistent move above 1.3830/50 could trigger further bullish scenario testing 1.4000.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart10-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart10.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD attempted to push higher on Friday topped at 1.6093 but whipsawed to the downside and closed lower at 1.5977 after found resistance at the upper line of the minor bearish channel as you can see on my h4 chart below. The bias is neutral in nearest term. The major scenario remains bullish but as long as price moves inside the minor bearish channel (red) we are still in bearish consolidation phase. Immediate support remains around 1.5950. Break below that area could trigger further bearish pressure testing the lower line of the major bullish channel (white) and 1.5880 support area which could be a threat to the major bullish outlook. Initial resistance at 1.6100. Clear break above that area could end the current bearish correction phase targeting 1.6170 and 1.6292.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart12-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart12.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF made another volatile but indecisive movement on Friday. The bias is neutral in nearest term. Price still able to move above the triangle so far so the bullish scenario should remains intact. However, a clear break below 0.9850 support area could be a threat to the bullish outlook. On the upside, we need a clear break above 1.0000 to continue the bullish scenario targeting 1.0182.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh413-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh413.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY was indecisive on Friday. The bias is neutral in nearest term as price seems to move in range area of 82.84 – 83.70. Overall we are still in bullish phase but need a clear break above 83.70 to continue the bullish scenario testing 84.70. On the other hand, break below 82.84 could trigger further bearish pressure testing 82.40 – 81.95 support area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart13-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart13.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY attempted to push lower on Friday, bottomed at 113.52 but closed higher at 114.20 and hit 114.84 earlier today in Asian session. This facts keeps the bullish bias in nearest term intact after the breakout above the minor trend line resistance (red) targeting 115.50/65 but note that overall we are still in range market condition between 115.65 – 111.60. Immediate support remains around 113.44/50. Clear break below that area could lead us to neutral zone in nearest term testing 112.80 support area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh413-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh413.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY was corrected lower on Friday, bottomed at 133.03 and closed at 133.47. The bias is neutral in nearest term but overall we are still in strong bullish phase. Immediate support at 133.00. Break below that area could trigger further bearish correction testing 132.00. On the upside, I think we need a clear break above 134.20 to continue the bullish scenario targeting 135.03 this week.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh413-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh413.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD continued its bullish correction, hit 0.9944 earlier today in Asian session. The bias is bullish in nearest term testing 1.0000. The bearish reversal scenario after violated the bullish channel remains intact, but we have a V-bottom formation as you can see on my h4 chart below which could be a threat to the bearish reversal scenario especially if price able to make a clear break above 1.0000 re-testing 1.0182 historical level. Immediate support at 0.9900. Break below that area could trigger further bearish pressure testing 0.9810. I think we need consistent movement below 0.9810 to keep the bearish reversal scenario valid and re-activate my bearish mode.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh413-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh413.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD had a bearish momentum yesterday after failed to move consistently above 1.3770 resistance area, bottomed at 1.3576 and hit 1.3544 earlier today in Asian session. This fact keeps the bearish medium outlook intact but would need a clear break below 1.3446 to continue the bearish scenario testing 1.3333. The bias is bearish in nearest term testing 1.3446 especially if price able to make a clear break below 1.3544. Immediate resistance at 1.3630. Break above that area could trigger further bullish momentum testing 1.3700 – 1.3730 area. On fundamental side, beside the Ireland issues which drive the market sentiment lately, we will have some Euro zone manufacturing and services PMI numbers and US Prelim GDP and existing home sales today as catalyst to move the market.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart11-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart11.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD made another upside attempt yesterday, but once again, the upper line of the minor bearish channel (red) rejected further bullish momentum and whipsawed to the downside, bottomed at 1.5898 and closed at 1.5940. The bias is bearish in nearest term testing 1.5880 and the lower line of the bullish channel, but note that as long as the major bullish channel (white) hold, the major bullish outlook should remains intact. A violation to the major bullish channel could be a threat to the bullish outlook and could be an early signal of a new bearish phase testing 1.5750 – 1.5650 area. Immediate resistance at 1.5950. Consistent move above that area could trigger further bullish momentum testing 1.6000 – 1.6083.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart13-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart13.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF continued its bearish consolidation yesterday, but still move above the triangle. Price still trapped in range area of 1.0000 - 0.9850 and need a break on either side to see clearer direction. We need a clear break above 1.0000 to continue the bullish scenario testing 1.0182. On the other hand, break below 0.9850 could diminish the bullish outlook testing 0.9800 – 0.9750. I will stand a side for now and see further development.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh414-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh414.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY didn’t make significant technical move yesterday and still trapped in range area of 82.84 – 83.70. The bias remains neutral in nearest term and we need a break on either side to see clearer direction. A clear break above 83.70 could trigger further bullish continuation testing 84.70 while a break below 82.84 could trigger further bearish pressure testing 82.40 – 81.95 support area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart14-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart14.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY failed to continue its bullish momentum yesterday, bottomed at 113.24 and closed at 113.29. I will keep stand aside as long as price still trapped in range area of 115.65 – 111.60. While longer time frame shows no clear direction, intra-day traders may get advantage from smaller time frame like hourly and 30 minutes chart. Immediate support at 112.80. Break below that area could trigger further bearish pressure testing 112.20/00 region. Initial resistance at 113.50. Break above that area could trigger further upside pressure testing 114.20/84 area.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh414-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh414.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bearish correction yesterday and now testing the lower line of the bullish channel as you can see on my h4 chart below. We are in a critical technical point here, where a violation to the bullish channel and clear break below 132.50 could be a threat to the bullish outlook and potentially produce an early bearish reversal signal testing 132.00 and 131.00 support area. Immediate resistance at 133.20. Break above that area could trigger further bullish momentum testing 133.60 – 134.20 area and keep the bullish scenario remains strong. http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh414-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh414.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD was volatile but indecisive yesterday. The bias is neutral in nearest term and I will stand aside for now. The bearish reversal scenario remains intact but need a clear break below 0.9750 for further bearish confirmation. Immediate support at 0.9810. Break below that area could trigger further bearish pressure testing 0.9750 area. Initial resistance at 0.9950. Clear break above that area could trigger further bullish pressure testing 1.0000 which could be a serious threat to the bearish outlook re-testing 1.0182 historical level.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh414-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh414.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD continued its bearish momentum yesterday, bottomed at 1.3359 and closed at 1.3385. Good Euro zone manufacturing and services PMI numbers only gave minor upside pullback and failed to stop the bearish pressure. This fact could trigger further weakness for the single currency. The bias remains bearish in nearest term testing 1.3333. Clear break below that area could trigger further bearish pressure testing 1.3260 and the lower line of the major bullish channel as you can see on my h4 chart below which could be a threat to the long term bullish outlook. However note that at the same time the lower line of the major bullish channel could provide a good support area. Immediate resistance at 1.3446. Break above that area could lead us to neutral zone in nearest term testing 1.3500 – 1.3550 but overall we are still in strong bearish phase.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart12-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart12.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD had a significant bearish momentum yesterday, break below the major bullish channel as you can see on my h4 chart below, bottomed at 1.5758 and closed at 1.5798. Like I said, a violation to the bullish channel could be an early signal of a new bearish phase in long term outlook. The bias remains bearish in nearest term testing 1.5650 especially if price make another strong break below 1.5750. Immediate resistance at 1.5875. Break above that area could lead us to neutral zone in nearest term testing 1.5950 but as long as price moves inside the bearish channel we are still in bearish phase.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart14-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart14.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF had a bullish momentum yesterday after found support around 0.9850, topped at 0.9974 and closed at 0.9965. The bias is bullish in nearest term especially if price able to make a clear break above 1.0000 targeting 1.0182 area. Immediate support at 0.9920/00. Break below that area could lead us to neutral zone in nearest term and keep us in range market of 1.0000 – 0.9850.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh415-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh415.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY was volatile but indecisive yesterday made a Doji on daily chart. This short term volatility which probably triggered by the Korean conflict reflects no significant technical movement and price still trapped in range area of 82.84 – 83.70 and there are no changes in my daily technical outlook. The bias remains neutral in nearest term and we need a break on either side to see clearer direction. A clear break above 83.70 could trigger further bullish continuation testing 84.70 while a break below 82.84 could trigger further bearish pressure testing 82.40 – 81.95 support area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart15-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart15.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY had a significant bearish momentum yesterday, slipped below 111.60 and bottomed at 110.74 which suggests potential bearish outlook. However, pay attention to the hammer candle stick formation as you can see on my h4 chart below which could be a signal of a bearish exhaustion and some upside rebound. This fact force me to wait for a clear break below 110.74 to confirm the bearish scenario testing 109.70/60 region. On the upside, another movement back above 111.60 would lead us back to neutral zone testing 112.20/80 resistance area and keep us in range market condition.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh415-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh415.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY had a significant bearish momentum yesterday, break below the bullish channel as you can see on my h4 chart below. This fact should be considered as bullish failure and potential new bearish phase. The bias is bearish in nearest term especially if price able to make another strong break below 130.84 targeting 129.83. Immediate resistance at 132.00. Break above that area could lead us to neutral zone in nearest term testing 133.00 and activates my wait and see mode. http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh415-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh415.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD had a bearish momentum yesterday, slipped below 0.9750 but had upside rebound earlier today in Asian session hit 0.9806. The Korean conflict may trigger further volatility both in stock and currency movement in Asian and Australian market but technical bearish reversal scenario remains valid especially if price move back below 0.9750 targeting 0.9650 area. Immediate resistance at 0.9810. Clear break above that area could trigger further upside pullback testing 0.9881 – 0.9950 resistance area.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh415-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh415.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD was volatile but indecisive yesterday. I think as long as price stays below 1.3446 the nearest bias remains bearish testing 1.3260 and the lower line of the bullish channel which is the key support area at this phase where some buying interest could be seen around that area. A violation to the bullish channel would be a threat to the long term bullish outlook and could be an early signal of a new long term bearish outlook. CCI still in negative territory on h4 chart indicates the bearish pressure is still potential.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart13-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart13.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD was volatile but indecisive yesterday. The bias remains bearish in nearest term but need a clear break below 1.5750 to continue the bearish pressure testing 1.5650 area. Immediate resistance at 1.5850. Break above that area could lead us to neutral zone in nearest term testing 1.5900 – 1.5950 but as long as price moves inside the bearish channel we are still in bearish phase. CCI still in negative territory on h4 chart suggests that the bearish pressure is still potential.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart15-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart15.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF was volatile yesterday but overall still showed no significant technical movement and still trapped in range area of 1.0000 – 0.9850. I am still in wait and see mode until we have a clear break from the range area. So far price still able to maintain position above the triangle so I am expecting a break to the upside. Aggressive intra-day traders may short around 1.0000 or long around 0.9850 with tight stop loss. Clear break above 1.0000 could trigger further bullish continuation targeting 1.0182 area. Immediate support at 0.9920/00. Break below that area could trigger further bearish pressure testing 0.9850 but only a clear break below 0.9850 could be a threat to the bullish outlook testing 0.9800 – 0.9750.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh416-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh416.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY had a moderate bullish momentum yesterday but still trapped in range area of 82.84 – 83.70 and still need a clear break on either side to see clearer direction. Aggressive intra-day traders may short around 83.70 or long around 82.84 with tight stop loss. I personally prefer to stand aside and maintain my wait and see mode until we have a clear break from the range area. A clear break above 83.70 could trigger further bullish continuation testing 84.70 while a break below 82.84 could trigger further bearish pressure testing 82.40 – 81.95 support area.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart16-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart16.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY attempted to push lower yesterday, bottomed at 110.30 but whipsawed to the upside and closed higher at 111.56 but still able to move below 111.60 so far indicates the bearish bias remains intact. However, pay attention to the inverse head and shoulders formation on h1 chart below which indicates potential bullish reversal especially if able to make a clear and strong break above 111.60 targeting 112.20/80 area. On the downside, further bearish pressure could be triggered on a break below 110.74 testing 110.30 and 109 70/60 region.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh1-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh1.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY attempted to push lower yesterday but whipsawed to the upside and closed higher at 131.85 after failed to make a clear break below 130.84. The bias is neutral in nearest term. Overall we are still in bearish medium bias but like I said, we need a clear break below 130.84 to continue the bearish pressure testing 129.83. Immediate resistance at 132.00. Break above that area could trigger further bullish pullback testing 133.00 and change my medium bias to neutral zone
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh416-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh416.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD had a significant bullish correction yesterday, topped at 0.9852 and closed at 0.9845 but had a strong bearish pressure earlier today in Asian session hit 0.9760 at the time I wrote this comment. This fact keeps my bearish reversal scenario remains intact but need consistent move below 0.9750 to continue the bearish pressure testing 0.9650 support area. Immediate resistance at 0.9852 (yesterday’s high). Break above that area could trigger further bullish pullback testing 0.9881 – 0.9950 resistance area. CCI still in negative territory both in daily and h4 chart so although the market is likely to remains volatile, the overall bias should remain to the downside.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh416-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh416.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD made another indecisive movement yesterday. There are no changes in my short term technical outlook which is remains bearish testing 1.3260 but I will keep paying attention to the long term technical outlook, where a good and strong support is seen around 1.3260 and the lower line of the bullish channel. Immediate resistance at 1.3400 – 1.3450 region. Break above that area would keep the long term bullish outlook intact, but as long as price moves inside the minor bearish channel we are still in a bearish phase.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart14-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart14.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD slipped below 1.5750 yesterday but so far still unable to consistently move below that area as market remains volatile but indecisive. As long as price stays below 1.5850 the nearest bias remains bearish but need a consistent move below 1.5750/30 to continue the bearish pressure targeting 1.5650. On the other hand, a failure to make a clear break below 1.5750/30 and a break above 1.5850 could trigger further bullish pullback testing 1.5900 – 1.5950 and the upper line of the bearish channel.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart16-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart16.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF had a bullish momentum yesterday, slipped above 1.0000 and now struggling around that area. The bias is bullish in nearest term but I think we still in a clear break above 1.0000 to see further bullish momentum targeting 1.0182 region. Immediate support at 0.9920. Break below that area could trigger further bearish pressure testing 0.9850 but only a clear break below 0.9850 could be a threat to my bullish outlook.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh417-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh417.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY slipped above 83.70 earlier today in Asian session but we have not seen a significant bullish momentum so far. Note that the 83.70 is a key resistance level at this phase and a bullish continuation scenario will need a convincing break above that area targeting 84.70 even higher. Immediate support at 83.40 (yesterday’s low). Break below that area could trigger further bearish pressure testing 82.84 support area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart17-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart17.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY was volatile but indecisive yesterday. The bias is neutral in nearest term. Immediate resistance at 111.91 (yesterday’s high). Break above that area could trigger further bullish momentum targeting 112.80 – 113.00 area. Initial support at 111.00 and the trend line support area (red). Break below that area could trigger further bearish pressure re-testing 110.75/30.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh11-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh11.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY was indecisive yesterday, formed a Doji on daily chart. The bias is neutral in nearest term. On the upside, a clear break above 132.00 could trigger further bullish momentum targeting 133.00 and could be a threat to my bearish medium term bias which started after the violation to the bullish channel. Immediate support at 131.35 (yesterday’s low). Break below that area could trigger further bearish pressure testing 130.84 but we need a clear break below 130.84 to continue the bearish scenario targeting 129.83 even lower.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh417-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh417.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD had a bearish momentum yesterday and slipped below 0.9750 earlier today in Asian session. The bias is bearish in nearest term targeting 0.9650. Another move above 0.9750 could lead us back to neutral zone in nearest term testing 0.9800 and 0.9850 resistance area but I still maintain my bearish scenario at this phase. CCI still in negative territory both in daily and h4 chart so although the market is likely to remains volatile, the overall bias should remain to the downside.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh417-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh417.jpg)

[m.youssif]

The EURUSD had a significant bearish momentum this week, slipped below the bullish channel as you can see on my daily chart below, bottomed at 1.3200 and closed at 1.3239. This fact could be a threat to the long term bullish outlook and potential bearish reversal scenario testing 1.2920 especially if price able to consistently move below the bullish channel. Immediate resistance is seen around 1.3333/50. Break above that area would keep the long term bullish scenario intact testing 1.3500 resistance area but as long as price moves inside the bearish channel (red) we are still in strong bearish phase and only a violation to the bearish channel could end the bearish phase. We are at critical technical point now and what will happen next week is going to be very interesting.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusddaily2-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusddaily2.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD attempted to push lower earlier today in Asian session, hit 1.3181 but corrected a little bit higher around 1.3230 at the time I wrote this comment. Price still able to maintain position below the bullish channel indicates potential further bearish pressure. The bias remains bearish in nearest term testing 1.3100 especially if we have another strong break below 1.3181. Immediate resistance at 1.3290. Break above that area could lead us to neutral zone in nearest term testing 1.3333/50 but overall we are still in strong bearish phase.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart15-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart15.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD had a bearish momentum on Friday, bottomed at 1.5576 and closed at 1.5588. On h4 chart below we can see price had strong bearish momentum after made two consecutive strong breakdown below 1.5750 and 1.5650 support area suggests a strong bearish phase. The bias remains bearish in nearest term testing 1.5500. Immediate resistance at 1.5650. Break above that area could lead us to neutral zone in nearest term testing 1.5700 – 1.5750 but as long as price moves inside the bearish channel we are still in bearish phase.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart17-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart17.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF still struggling around 1.0000 area so far. The bias is neutral in nearest term but still within a potential bullish scenario targeting 1.0182 especially if price able to consistently move above 1.0050. Immediate support at 0.9950/20. Break below that area would lead us back to range market condition and re-activate my wait and see mode.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh418-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh418.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY finally made a clear breakout above the range area, topped at 84.18 and closed at 84.09 on Friday. The bias is bullish in nearest term targeting 84.70. Immediate support at 83.70. Break below that area could lead us to neutral zone as direction would become unclear but I still prefer a bullish scenario at this phase.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart18-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart18.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY made another volatile but indecisive movement on Friday. On h4 chart below we can seen price is now moving in a range area again between 111.91 – 110.30. Aggressive intra-day traders may short around 111.91 or long around 110.30 with tight stop loss. We know that this pair has been traded in range condition for the last two months now so taking advantage from this range condition could be a good idea.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh416-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh416.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY had a bearish momentum on Friday after failed to make a clear break above 132.00 area. The bias is bearish in nearest term but I think we still need a clear break below 130.84 to continue the bearish scenario targeting 129.83. Immediate resistance remains at 132.00. Clear break above that area could trigger further bullish momentum testing 133.00 region.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh418-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh418.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD had a bearish momentum on Friday, bottomed at 0.9611 and hit 0.9584 earlier today in Asian session. The bias is bearish in nearest term testing 0.9550. Immediate resistance at 0.9681 (current high). Break above that area could lead us to neutral zone in nearest term testing 0.9750 but overall we are still in bearish phase.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh418-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh418.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD continued its bearish pressure yesterday, bottomed at 1.3063 and closed at 1.3099. This fact opens the door for further bearish scenario targeting my weekly target around 1.2920 region. The bias remains bearish in nearest term testing 1.3000 especially if price able to stay consistently below 1.3100. Immediate resistance at 1.3150 (current high). Break above that area could lead us to neutral zone in nearest term testing 1.3200 but overall we are still in strong bearish phase.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart17-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurusdh4chart17.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD attempted to push higher yesterday, topped at 1.5646 but whipsawed to the downside, bottomed at 1.5527 and closed 1.5547. The bias remains bearish in nearest term testing 1.5500 – 1.5450. Immediate resistance at 1.5571 (current high). Break above that area could lead us to neutral zone in nearest term testing 1.5650 but overall we are still in strong bearish phase.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart18-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpusdh4chart18.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF bullish momentum was paused yesterday and hit 0.9959 earlier today in Asian session. The bias is neutral in nearest term and my wait and see mode is now activated. I still prefer a bullish scenario but need a clear break above 1.0050 to continue the bullish scenario testing 1.0182. Immediate support at 0.9920. Break below that area could trigger further bearish pressure testing 0.9850.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh419-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdchfh419.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY was indecisive yesterday. Price attempted to push lower, bottomed at 83.81 but closed higher at 84.26. The bias remains bullish in nearest term targeting 84.70. Immediate support remains around 83.70. Break below that area could lead us to neutral zone as direction would become unclear but I still prefer a bullish scenario at this phase.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart19-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/usdjpyh4chart19.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY had a bearish momentum yesterday and now struggling around 110.30 support area. The bias is bearish in nearest term especially if price able to stay consistently below 110.30 testing 109.50 – 109.00 area. Immediate resistance at 110.68 (current high). Break above that area could trigger further bullish momentum testing 111.91 and keep us in boring range condition.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh420-150x150.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/eurjpyh420.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY didn’t make significant momentum yesterday but so far I think the pressure remains to the downside. The bias remains bearish in nearest term especially if price able to stay consistently below 130.84 targeting 129.83. Immediate resistance at 131.36 (yesterday’s high). Break above that area would lead us back to range market between 130.84 – 132.00 but I still prefer a bearish scenario at this phase.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh419-150x150.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/gbpjpyh419.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD continued its bearish pressure yesterday, bottomed at 0.9566 but closed a little bit higher at 0.9606. Price rebounded higher earlier today in Asian session, hit 0.9659. The bias is neutral in nearest term but overall I think we are still in strong bearish phase targeting 0.9550. Clear break below that area could trigger further bearish scenario testing 0.9450 region. Immediate resistance at 0.9659 (current high). Break above that area could trigger further bullish pullback testing 0.9710.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh419-150x150.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/11/audusdh419.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD continued its bearish momentum yesterday, bottomed at 1.2968 and closed at 1.2995. The bias remains bearish in nearest term targeting 1.2920 especially if price make another break below 1.2968. Immediate resistance at 1.3055. Break above that area could lead us to neutral zone in nearest term testing 1.3100 region. There is no significant bullish correction since the break below the bullish channel so any upside rebound is normal but overall we are still in strong bearish phase.

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

[m.youssif]

GBPUSD Forecast
The GBPUSD slipped below 1.5500 yesterday, but whipsawed to the upside, topped at 1.5594 and closed at 1.5570. The bias is neutral in nearest term but overall we are still in strong bearish phase. Immediate resistance at 1.5650. Break above that area could trigger further upside recovery testing 1.5750 but as long as price moves inside the bearish channel the major scenario remains to the downside. Initial support at 1.5500. Another move below that area could trigger further weakness for the Cable testing 1.5450 – 1.5400 support area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusdh4chart-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusdh4chart.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF attempted to push lower yesterday but whipsawed to the upside and now back above 1.0000 after found support around 0.9920. This fact keeps the bullish scenario intact especially if price able to make a clear break above 1.0050 targeting 1.0182. Immediate support remains around 0.9920. Break below that area could trigger further bearish pressure testing 0.9850.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh4-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh4.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY failed to continue its bullish momentum yesterday, slipped below 83.70 area on broad Yen strength. The bias is bearish in nearest term especially if price able to move consistently below the trend line support and 83.40 targeting 82.87. I personally still prefer a bullish scenario but my wait and see mode is now activated. Immediate resistance at 84.00. Break above that area would keep the bullish scenario remains intact targeting 84.70.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart.jpg)

[m.youssif]

EURJPY Forecast

The EURJPY had a significant bearish momentum yesterday after break below 110.30 as you can see on my h4 chart below, bottomed at 108.33 and closed at 108.74. The bias is bearish in nearest term testing 107.31 especially if price make another strong breakdown below 108.33. Immediate resistance at 109.00. Break above that area could lead us to neutral zone in nearest term testing 109.50 – 110.30 but overall we are still in strong bearish phase.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh4-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh4.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY attempted to push lower yesterday, bottomed at 129.33 but closed higher at 130.29. The bias is neutral in nearest term but overall we are still in bearish phase and I still prefer a bearish scenario. Immediate resistance at 130.84. Break above that area could trigger further upside correction testing 132.00. Initial support at 129.33 (yesterday’s low). Break below that area could trigger further downside pressure targeting 128.90 area.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh4-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh4.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD was volatile but indecisive yesterday. The bias is neutral in nearest term but overall we are still in strong bearish phase since the fall from all time high at 1.0182. Immediate support at 0.9536 (current low). Break below that area could trigger further bearish pressure testing 0.9450 area. Initial resistance at 0.9650 – 0.9710. Only a clear break above that area could trigger further significant upside recovery but I think the major scenario remains to the downside.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh4-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh4.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD was corrected higher yesterday after failed to break below 1.2968, topped at 1.3181 and closed at 1.3124. The bias is bullish in nearest term especially if price able to make a clear break above the trend line resistance (white) and 1.3181 area testing 1.3250 – 1.3300 but note that as long as price moves inside the bearish channel we are still in a major bearish outlook. I still prefer a bearish scenario but need a clear break below 1.3055 to see further bearish continuation and potentially end the bullish correction targeting 1.2968 – 1.2920 this week.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdhourly1-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdhourly1.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD continued its bullish correction yesterday but still unable to move above 1.5650 resistance area so far. The bias is bullish in nearest term especially if price able to make a clear break above 1.5650 testing 1.5750. Immediate support at 1.5550. Clear break below that area could potentially end the bullish correction re-testing 1.5500 – 1.5450 support area. Although there are still more rooms for further bullish correction in nearest term, overall we are still in a major bearish outlook and any upside correction is normal unless the bearish channel violated to the upside.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusdh4chart1-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusdh4chart1.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF was indecisive yesterday, made a Doji on daily chart. Price slipped above 1.0050 but unable to consistently stay above that area so far. The bias is neutral in nearest term but still within the context of a bullish scenario testing 1.0182 after the break above the triangle. Immediate support at the trend line support (red) and 0.9920. Break below that area could trigger further bearish pressure testing 0.9850.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh41-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh41.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY had a bullish momentum yesterday after failed to consistently move below the trend line support and 83.40 support area. This fact keeps the bullish scenario intact but need a clear break above 84.40 to continue the upside pressure testing 85.00/22. Immediate support remains around 83.40. Break below that area could be a threat to the bullish outlook testing 82.87.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart1-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart1.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY whipsawed to the upside yesterday, erased all the bearish momentum on Tuesday and now struggling around 110.30 area. This fact activates my wait and see mode for now. Overall I still prefer a bearish scenario but a break above 110.75 could trigger further bullish momentum targeting 111.91. Immediate support at 109.70. Break below that area could trigger further bearish pressure testing 108.90/33 region.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh41-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh41.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY made a significant bullish correction yesterday, topped at 131.59 and closed at 131.32. The bias is bullish in nearest term testing 132.00 but overall we are still in a major bearish scenario and any upside momentum now is still considered as counter trend move. However, a break above 132.00 could be a threat to the bearish outlook. Immediate support at 130.84. A movement back below that area could trigger further bearish pressure testing 129.83 and keep the bearish outlook remains strong.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh41-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh41.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD was corrected higher yesterday, topped at 0.9697 and closed at 0.9658. The bias remains neutral in nearest term and I think we are in consolidation phase but still within the context of a strong bearish trend since the fall from all time high at 1.0182. Immediate resistance at 0.9710. Clear break above that area could trigger further bullish correction testing 0.9778 area. Initial support at 0.9550/30. We need a clear break below that area to continue the bearish scenario testing 0.9450 this week.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh41-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh41.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD was volatile yesterday but overall still able to maintain its bullish correction bias, topped at 1.3246 and closed at 1.3211. The bias remains bullish in nearest term especially if price able to make another break above 1.3250 targeting 1.3300 – 1.3350. Immediate support at 1.3180. Break below that area could trigger further bearish pressure testing 1.3100 – 1.3055. As long as price moves inside the minor bullish channel (blue) we are still in bullish correction phase. The major scenario remains bearish but need a move below the minor bullish channel and 1.3055 to potentially end the bullish correction and continue the bearish scenario testing 1.2920 region.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdhourly2-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdhourly2.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD was indecisive yesterday. On h4 chart below we can see price is moving in range area of 1.5650 – 1.5500 and need a clear break from either side to see clearer direction. A clear break above 1.5650 could trigger further upside pressure testing 1.5750 while a consistent move below 1.5500 could trigger further bearish pressure testing 1.5400 support area. Overall, we are still in a major bearish phase but like I said, there are still rooms for further upside correction moves and market likely to remains volatile and tricky.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusdh4chart2-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusdh4chart2.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF had a significant bearish momentum yesterday, break below the trend line support as you can see on my h4 chart below. The bias is bearish in nearest term especially if price able to make a clear break below 0.9920 targeting 0.9850. Immediate resistance at 1.0000 followed by 1.0050. Although medium term bullish outlook remains intact since the break above the triangle, we need a clear break above 1.0050 to continue the bullish scenario.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh42-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh42.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY has been moving in range area of 84.40 – 83.40 in the last three days. There are no changes in my daily technical outlook. I still prefer a bullish scenario but would need a clear break above 84.40 (triple top) to continue the bullish scenario at least testing 85.00/22. On the other hand, a clear break below 83.40 could be a threat to the bullish outlook testing 82.87.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart3-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart3.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY was volatile but indecisive yesterday. The bias is neutral in nearest term. Immediate resistance at 111.19 and the trend line resistance as you can see on my h4 chart below. Break above that area could trigger further bullish pressure testing 111.91. Initial support at 109.85. Break below that area could trigger further bearish pressure testing 109.00 and 108.40/30 key support area and keep the major bearish scenario remains strong.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh42-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh42.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY failed to continue its bullish correction yesterday, bottomed at 130.18 and closed at 130.50. On h4 chart below we can see price is now testing the lower line of the bullish channel. A violation to the bullish channel could end the bearish correction phase testing 129.83 even 128.90. Immediate resistance at 130.84. Break above that area would keep the bullish correction scenario intact testing 132.00.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh42-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh42.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD continued its bullish correction yesterday, break above 0.9710 and now testing 0.9778 resistance area. The bias is bullish in nearest term especially if price able to make a clear break above 0.9778 testing 0.9850. Immediate support at 0.9710. Break below that area could trigger further bearish pressure testing 0.9650/20 support area and keep the bearish reversal scenario remains strong but bearish continuation would have further validation only by a clear break below 0.9550.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh42-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh42.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD attempted to push lower yesterday, bottomed at 1.3179 but further downside pressure was rejected, closed higher at 1.3248 and hit 1.3322 earlier today in Asian session. On h4 chart below we can see price still struggling around the upper line of the bearish channel. The bias is neutral in nearest term. Overall I think price still moves in range market between 1.3200 – 1.3400/38. Clear break above 1.3438 could be an early signal of a bullish reversal scenario. On the downside, immediate support at 1.3240. Clear break below that area could trigger further bearish pressure re-testing 1.3180/50 and keep the bearish scenario intact.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart3-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart3.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD attempted to push lower yesterday, bottomed at 1.5667 but whipsawed to the upside and closed higher at 1.5793. On h4 chart below we can see price is now struggling around the upper line of the bearish channel indicates critical technical phase. A clear break above the bearish channel and consistent move above 1.5850 could be a threat to the major bearish scenario testing 1.5900. Break above 1.5900 would give further validation to the bearish failure and potential bullish reversal scenario. Immediate support at 1.5787 (current low). Break below area should keep the bearish scenario intact but only a clear break below 1.5650 could continue the major bearish scenario testing 1.5550 – 1.5500 region.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusdh4chart6-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusdh4chart6.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF didn’t make significant technical move yesterday. On h1 chart below we can see price still moves inside the minor bullish channel indicates the nearest bias remains to the upside especially if price able to move consistently above 0.9850/80, still targeting 1.0000 resistance area. On the other hand, a break below the minor bullish channel and 0.9800 support area could trigger further bearish pressure testing 0.9756 – 0.9725.

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

[m.youssif]

USDJPY Forecast
The USDJPY continued its bullish momentum yesterday, topped at 84.30 but corrected lower earlier today in Asian session, hit 83.65. The bias is neutral in nearest term. Expected range at 84.40 – 83.40. Break above 84.40 could trigger further bullish momentum testing 85.00/20 and give further validation to bullish reversal scenario. On the other hand, break below 83.40 could trigger further bearish pressure testing 82.87 and keep my medium outlook in a neutral bias.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart7-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart7.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY continued its bullish momentum yesterday, topped at 111.48 and closed at 111.42. The bias remains bullish in nearest term testing 111.91. Break above that area could trigger further bullish momentum testing 112.50/80 which would give further validation to the bullish scenario. Immediate support at 110.75/58. Break below that area could lead us to neutral zone in nearest term as direction would become unclear testing 109.85/55 support area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh46-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh46.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY had another strong bullish momentum yesterday, topped at 132.99 and closed at 132.88. The bias remains bullish in nearest term especially if price able to make another upside break above 133.00 testing 134.20 key resistance area. Immediate support at 132.00. break below that area could lead us to neutral zone in nearest term testing 130.84 support area. I prefer a bullish scenario at this phase and expecting some breaks to the upside.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh46-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh46.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD failed to test 0.9710 yesterday and traded significantly higher earlier today in Asian session hit 0.9883. The bias is bullish in nearest term testing 0.9950 – 1.0000 but my bearish reversal scenario remains valid and only a clear break above 1.0000 could be a threat to my bearish outlook. Immediate support at 0.9800. Break below that area could trigger further bearish pressure testing 0.9710. I will keep stand aside for now.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh46-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh46.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD was volatile but indecisive yesterday, made another Doji on daily chart. The bias remains neutral in nearest term. Overall price still moves in range area of 1.3400 – 13200. On h4 chart below we can see the upper line of the bearish channel still hold so far. Price still making lower highs and lows since the first time it tested the upper line of the bearish channel. CCI in neutral area both in h4 and daily chart but still moves below the zero line. This facts indicate that overall the major bearish scenario remains intact but need a consistent move below 1.3200 – 1.3170 to continue the bearish scenario testing 1.3100 – 1.2920 support area. Immediate resistance at 1.3322 (yesterday’s high). Break above that area could trigger further bullish momentum re-testing 1.3400/38.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart4-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart4.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD was volatile but indecisive yesterday. The upper line of the bearish channel still holds so far, keep the major bearish scenario intact. On h4 chart below we can see price still moves in a minor bullish channel (white) indicates that we are still in bullish correction phase. We need a break below the minor bullish channel and 1.5650 support area to continue the bearish scenario testing 1.5550 – 1.5500. The bias remains neutral in nearest term. Immediate resistance remains around 1.5850. Consistent move above that area could be a threat to the major bearish outlook testing 1.5900 and could be an early signal of bullish reversal scenario.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusdh4chart7-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusdh4chart7.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF continued it bearish pressure yesterday, but the lower line of the minor bullish channel still holds so far as you can see on my h1 chart below, keep the nearest term bullish scenario intact especially if price able to break above 0.9900 targeting 1.0000. On the other hand, a break below the bullish channel and 0.9800 could trigger further bearish momentum targeting 0.9756-25 support area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfhourly1-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfhourly1.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY attempted to push lower yesterday, bottomed at 83.51 but closed higher at 83.81. The bias is neutral in nearest term. On h4 chart below we have a bullish flag formation indicates potential bullish scenario especially if price breaks above the flag and 84.40 key resistance area targeting 85.00/20. Immediate support remains at 83.40. Consistent move below that area would keep direction remains unclear.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart8-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart8.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY failed to continue its bullish momentum yesterday, bottomed at 110.57 and closed at 110.99. The bias is neutral in nearest term. Although I still prefer a bullish scenario at this phase, we have a rising wedge formation as you can see on my h4 chart below as a warning of a potential bearish pullback especially if price break below the wedge testing 109.85 even lower. On the upside we still need a clear break above 111.91 to continue the bullish scenario testing 112.50/80. I will stand aside for now.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh47-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh47.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY was corrected lower yesterday, slipped below 132.00 and now struggling around that area. The bias is neutral in nearest term. I still prefer a bullish scenario but would need a break above 133.00 to continue the bullish scenario targeting 134.20. On the downside, consistent move below 132.00 could trigger further bearish pressure testing 130.84 support area. I will stand aside for now.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh47-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh47.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD attempted to push higher yesterday, topped at 0.9883 but closed a little bit lower at 0.9841. The bias is neutral in nearest term and I will keep stand aside for now. On h4 chart below we have an inverse “head and shoulders” formation which is a bullish pattern which could be a potential threat to my bearish reversal scenario especially if price breaks above 1.0000. On the downside we need a clear break below 0.9710 to cancel the bullish outlook and continue the bearish reversal scenario.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh47-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh47.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD made another indecisive movement on Friday, made another Doji on daily chart. I think we are still in consolidation and critical phase but it looks like the pressure is more to the downside. On h4 chart below we can see price is now testing the 1.3170 key support area. A clear break below that area could trigger further bearish pressure testing 1.3100 – 1.3050 in nearest term. Immediate resistance at 1.3280. Break above that area could trigger further upside momentum testing 1.3350 but only a clear break above 1.3438 could be a threat to the bearish scenario.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart5-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart5.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD made another indecisive movement on Friday and still struggling around the upper line of the bearish channel indicates critical technical point. Overall we are still in bullish correction phase but would need a clear break above 1.5850 to continue the bullish scenario testing 1.5900 – 1.6000 region which could be a serious threat to the bearish outlook. Immediate support at 1.5750. Clear break below that area could trigger further bearish pressure testing 1.5650 and keep the bearish scenario remains intact.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusdh4chart8-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusdh4chart8.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF didn’t make significant movement on Friday, but as you can see on my h4 chart below price slipped below the minor bullish channel indicates potential further bearish pressure in nearest term especially if price able to move consistently below 0.9800 testing 0.9756/25 support area and the lower line of the major bullish channel. Immediate resistance at 0.9850 – 0.9900. Above 0.9900, 1.0000 resistance area would be next upside target.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh46-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh46.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY still trapped in range area of 84.40 – 83.40. On h4 chart below we can see price slipped above the bullish flag indicates potential upside pressure testing 84.40 and need a clear break above 84.40 to continue the bullish scenario targeting 85.00/20. Immediate support remains at 83.40. Consistent move below that area would keep direction remains unclear.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart9-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart9.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY was indecisive on Friday. The bias remains neutral in nearest term but I will pay attention to the rising wedge formation as you can see on my h4 chart below as a break below the wedge could trigger further bearish pressure testing 109.85 in nearest term. On the upside, key resistance area remains around 111.91 and need a clear break above that area to continue the bullish scenario testing 112.50/80.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh48-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh48.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY had a moderate bullish momentum on Friday and now back above 132.00. This fact keeps the bullish scenario intact but would need a clear break above 133.00 to continue the bullish scenario targeting 134.20 area. On the downside, another break below 132.00 could trigger further bearish pullback testing 130.84 and could lead us back to neutral medium bias. http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh48-300x188.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh48.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD was indecisive yesterday. We still have no significant technical movement so far and I will keep stand aside for now. My bearish reversal scenario after the violation to the bullish channel remains valid, but an inverse “head and shoulders” pattern as you can see on my h4 chart below could be a threat to the bearish outlook especially if price break above 1.0000 key resistance area. On the downside we need a clear break below 0.9710 to continue the bearish reversal scenario at least targeting 0.9550.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh48-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh48.jpg)

[معاذ عودات]

تسلم هالايدين اخي يوسف
وبارك الله فيك على هذا النقل الطيب
متابعين معك ان شاءالله ...

[m.youssif]

EURUSD Forecast
The EURUSD attempted to push higher yesterday, topped at 1.3498 but whipsawed to the downside, closed lower at 1.3356 and hit 1.3336 earlier today in Asian session. On h4 chart below we can see that this might be a case of a false breakout from the range area which could lead to further bearish pressure re-testing 1.3170 especially if price able to make a clear break below 1.3320 minor support area. We are still in consolidation and critical phase now where technical failures usually happen and make trading is a little bit more difficult especially for intra-day traders. On the upside, another break above 1.3438 could trigger further upside momentum testing 1.3500 – 1.3550 resistance area.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart7-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart7.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD slipped above 1.5900 yesterday but failed to move consistently above that area and whipsawed to the downside, bottomed at 1.5738 and closed at 1.5761. On h4 chart below we can see price is now back inside the major bearish channel (red) indicates the major bearish scenario remains intact and testing the lower line of the bullish channel (blue). As long as price moves inside the bullish channel we are still in bullish correction phase. We need a clear break below the bullish channel and 1.5700 support area to potentially end the bullish correction phase testing 1.5650. A clear break below 1.5650 would give us further validation to the bearish continuation scenario. On the upside, only a clear break above 1.5900 could trigger further bullish scenario targeting 1.6000 and lead us to a new bullish phase.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusdh4chart10-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusdh4chart10.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF continued its bearish momentum yesterday, bottomed at 0.9560 but closed higher at 0.9610. The bias is neutral in nearest term but still within the context of a bearish reversal scenario after violated the major bullish channel. Immediate support at 0.9550. Clear break below that area could trigger further bearish pressure targeting 0.9460. Immediate resistance at 0.9665 – 0.9700.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh48-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh48.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY attempted to push lower yesterday, bottomed at 82.83 but whipsawed to the upside, topped at 83.82 and closed at 83.80. Nearest term technical study is a little bit mess. I change my range area to 84.00 – 82.33 as a reaction to the latest development. The bias is bullish in nearest term re-testing 84.40 key resistance area. We need a clear break above that area to continue the bullish scenario targeting 85.00/20 region. Immediate support at 83.40/50 followed by 82.70/80. I will keep stand aside from this pair.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart11-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart11.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY didn’t make significant movement yesterday. The bias is neutral in nearest term. A rising wedge formation usually give more accurate prediction when appear after a bullish running but whatever the condition, it is still a bearish pattern especially if price break below the wedge targeting 109.85. On the upside, 112.80 remains the nearest bullish target. I will keep stand aside for now.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh410-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh410.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY attempted to push lower yesterday, bottomed at 131.28 but closed significantly higher at 132.07. I still prefer a bullish scenario but like I said, would need a clear break above 133.00 to re-activate my bullish mode targeting 134.20. Any movement back below 132.00 would keep the double top bearish scenario intact with 130.84 as the nearest target.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh410-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh410.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD slipped above 1.0000 yesterday but failed to consistently move above that area so far. The bias is neutral in nearest term. We are still in critical technical phase here where a consistent move above 1.0000 could cancel the bearish reversal scenario targeting 1.0182 and probably make new historical highs. Immediate support at 0.9900. Break below that area could trigger further bearish pressure testing 0.9800 and could be a threat to the inverse head and shoulders bullish scenario. I will keep stand aside for now.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh410-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh410.jpg)

[m.youssif]

EURUSD Forecast
The EURUSD had a significant bearish momentum yesterday, bottomed at 1.3208 and closed at 1.3223 after made a false breakout from the range area as you can see on my h4 chart below. The bias is bearish in nearest term testing 1.3170. The false breakout scenario indicates that we have a good probability that price may keep going south testing 1.2968 but need a clear break below 1.3170 to confirm that scenario. Immediate resistance at 1.3270. Break above that area could lead us to neutral zone in nearest term but I think overall the pressure is more to the downside.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart8-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart8.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD also had a significant bearish momentum yesterday, made a strong and convincing break below the bullish channel and 1.5650 support area as you can see on my h4 chart below. The bias is bearish in nearest term targeting 1.5500 – 1.5450 support area. Immediate resistance at 1.5650. Break above that area could lead us to neutral zone in nearest term but as long as price moves inside the major bearish channel (red) the major scenario remains to the downside.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusdh4chart11-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusdh4chart11.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF was corrected higher yesterday, topped at 0.9695 and closed at 0.9672. The bias is bullish in nearest term especially if price make another upside pullback above 0.9700 testing 0.9800 which could create a false breakdown scenario and lead us back to the bullish scenario in medium and long term outlook. On the downside, initial support remains at 0.9550. We need a clear below that area to continue the bearish reversal scenario.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh49-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh49.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY continued its bullish momentum yesterday, slipped above 84.40 key resistance area but unable to stay consistently above that area so far. The bias remains bullish in nearest term especially if price able to move consistently above 84.40 targeting 85.00/20. Immediate support at 83.64 (yesterday’s low). Break below that area could lead us back to boring and range market and keep me in wait and see mode.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart12-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart12.jpg)

[m.youssif]

EURJPY Forecast
The EURJPY had a bearish momentum yesterday, slipped below the rising wedge formation as you can see on my h4 chart below. This fact indicates a bearish scenario targeting 110.50 – 109.85 in nearest term. Immediate resistance at 111.46 (current high). Break above that area could lead us to neutral zone in nearest term testing 111.91 but as long as we have the rising wedge formation, the overall bias remains to the downside.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh411-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh411.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY had a significant bearish momentum yesterday, slipped below 130.84 and now struggling around that area. The bias remains bearish in nearest term especially if price able to move consistently below 130.84 targeting 130.20 and 129.33. Immediate resistance at 131.50. Break above that area could lead us to neutral zone in nearest term testing 132.00. A break above 132.00 could be a serious threat to the double top bearish scenario.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh411-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh411.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD had a significant bearish momentum yesterday, bottomed at 0.9840 and closed at 0.9870. The inverse head and shoulders bullish formation has no further validation as price failed to stay above 1.0000 area. On the other hand, as you can see on my h4 chart below, we have a rising wedge formation which already violated to the downside indicates potential bearish scenario testing 0.9710 especially if price makes another strong break below 0.9840. Break below 0.9710 would give further validation to the bearish reversal scenario after hit all time high at 1.0182 on November 05 which from longer term time frame outlook could create a big downside correction.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh411-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh411.jpg)

[معاذ عودات]

تسلم ايدك يا استاذنا
ما شاءالله مجهود جبار ...

[m.youssif]

EURUSD Forecast
The EURUSD didn’t make significant movement yesterday. The bias is neutral in nearest term. Overall price still in consolidation phase with range area between 1.3438 – 1.3170. Short around 1.3438 or long around 1.3170 seems to be the best strategy for now, until we have a clear break on either side to see clearer direction. I still prefer a bearish scenario after the false breakout, but would need a clear break below 1.3170 to see further bearish validation testing 1.3100 – 1.3060 and 1.2968. Immediate resistance at 1.3338. Clear break above that area could trigger further upside pressure re-testing 1.3438. Immediate support at 1.3230. Break below that area could trigger further downside pressure re-testing 1.3170.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart9-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart9.jpg)

[m.youssif]

GBPUSD Forecast
The GBPUSD was corrected higher yesterday and now testing 1.5650 resistance area 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 1.5650 testing 1.5700 – 1.5768 and the upper line of the bearish channel. However note that as long as price moves inside the bearish channel the major scenario remains bearish. Immediate support at 1.5580. Break below that area could trigger further bearish pressure testing 1.5500 support area and keep the bearish scenario remains strong.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusdh4chart12-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpusdh4chart12.jpg)

[m.youssif]

USDCHF Forecast
The USDCHF attempted to push higher yesterday, topped at 0.9733 but whipsawed to the downside, bottomed at 0.9637 and closed at 0.9646. On h4 chart below we can see price is now testing the lower line of the minor bullish channel. Clear break below the channel could end the upside correction phase re-testing 0.9550. Immediate resistance at 0.9650 (current high). Break above that area would keep the bullish correction intact re-testing 0.9733 – 0.9800.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh410-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdchfh410.jpg)

[m.youssif]

USDJPY Forecast
The USDJPY didn’t make significant technical move yesterday. The bias is neutral both in nearest and medium term as price still trapped in range area as you can see on my h4 chart below. We need a clear break above 84.40 to continue the bullish scenario targeting 85.00/20. Immediate support remains around 83.64. Break below that area could trigger further bearish pressure testing 83.10.

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart13-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/usdjpyh4chart13.jpg)

[m.youssif]

EURJPY Forecast

The EURJPY didn’t make significant movement yesterday. The bias is neutral in nearest term but still within the context of a bearish scenario of the rising wedge especially if price able to break below 111.00 targeting 110.50 – 109.85. On the upside, break above 111.91 could be a threat to the rising wedge bearish scenario.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh412-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurjpyh412.jpg)

[m.youssif]

GBPJPY Forecast
The GBPJPY didn’t make significant movement yesterday. The double top bearish scenario remains intact but would need a clear break below 130.84 strong support area to continue the bearish scenario testing 130.20 and 129.33. Immediate resistance at 132.00. Break above that area could trigger further upside pullback testing 133.00 and could be a serious threat to the double top bearish scenario. http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh412-300x190.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/gbpjpyh412.jpg)

[m.youssif]

AUDUSD Forecast
The AUDUSD failed to continue its bearish momentum yesterday after unable to move consistently below 0.9840 support area and traded higher, hit 0.9925 earlier today in Asian session. The bias is neutral in nearest term. Immediate support remains around 0.9840 and the trend line support (red). Clear break below that area would give further validation to the rising wedge bearish scenario targeting 0.9750/10 key support area. Initial resistance at 1.0000 psychological level. Clear break above that area could trigger further bullish momentum testing the all time high at 1.0182 and rising wedge bearish scenario is no longer valid.
http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh412-300x191.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/audusdh412.jpg)

[m.youssif]

EURUSD Weekly Summary: Bearish scenario still needs further validation


The EURUSD attempted to push higher this week, topped at 1.3498 but whipsawed to the downside, bottomed at 1.3132 and closed at 1.3187. I still prefer a bearish scenario for this pair, but would need a consistent move below 1.3170 to continue the bearish pressure. I have three technical bearish clues as you can see on my chart below. First, the rising wedge formation has been violated to the downside. Second, we have a gravestone Doji on weekly chart. Like the rising wedge formation, a gravestone Doji usually appear after a bullish run and signaling potential bearish reversal, but regardless of the previous movement, this candle stick pattern shows indecisive market but with more downside bias. Third, CCI still in negative territory on h4 chart. In the upcoming week, a clear break below 1.3132 would give us further validation to the bearish scenario targeting 1.2968 – 1.2920 support area. On the upside, immediate resistance is seen around 1.3280. Break above that area could trigger further bullish momentum re-testing 1.3359 and 1.3438 resistance levels. Bullish scenario would have further validation with a clear break above 1.3498 (the top of the gravestone Doji).

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart10-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart10.jpg)

[خالوود]

EURUSD Weekly Summary: Bearish scenario still needs further validation


The EURUSD attempted to push higher this week, topped at 1.3498 but whipsawed to the downside, bottomed at 1.3132 and closed at 1.3187. I still prefer a bearish scenario for this pair, but would need a consistent move below 1.3170 to continue the bearish pressure. I have three technical bearish clues as you can see on my chart below. First, the rising wedge formation has been violated to the downside. Second, we have a gravestone Doji on weekly chart. Like the rising wedge formation, a gravestone Doji usually appear after a bullish run and signaling potential bearish reversal, but regardless of the previous movement, this candle stick pattern shows indecisive market but with more downside bias. Third, CCI still in negative territory on h4 chart. In the upcoming week, a clear break below 1.3132 would give us further validation to the bearish scenario targeting 1.2968 – 1.2920 support area. On the upside, immediate resistance is seen around 1.3280. Break above that area could trigger further bullish momentum re-testing 1.3359 and 1.3438 resistance levels. Bullish scenario would have further validation with a clear break above 1.3498 (the top of the gravestone Doji).

http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart10-300x192.jpg (http://www.fxinstructor.com/blog/wp-content/uploads/2010/12/eurusdh4chart10.jpg)


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

:)