Technical Analysis for Major Currencies

Daily Forex Technicals | Written by Crown Forex | Feb 26 09 08:45 GMT |

EURO Morning Report The pair once again declined towards the correction levels pointed out previously where it is still pressured to the downside where if reaches 1.2660 this may result in the formation of a bearish technical pattern with targets at 1.2420 and 1.2330 on the intraday if the neckline was successfully breached with a four hour close. The current support is at 1.2680 where if breached will open the way to retest the key support at 1.2660. High volatility may be witnessed near this level and our outlook can't be determined clearly and therefore we need to monitor 1.2680 – 1.2660 levels. The trading range for today is among the key support at 1.2420 and the key resistance at 1.3220 The general trend is to the downside as far as 1.4710 remains intact with targets at 1.2330 and 1.2100 Daily Forex Technicals | Written by Crown Forex | Feb 26 09 08:45 GMT | Technical Analysis for Major Currencies EURO Morning Report The pair once again declined towards the correction levels pointed out previously where it is still pressured to the downside where if reaches 1.2660 this may result in the formation of a bearish technical pattern with targets at 1.2420 and 1.2330 on the intraday if the neckline was successfully breached with a four hour close. The current support is at 1.2680 where if breached will open the way to retest the key support at 1.2660. High volatility may be witnessed near this level and our outlook can't be determined clearly and therefore we need to monitor 1.2680 – 1.2660 levels. The trading range for today is among the key support at 1.2420 and the key resistance at 1.3220 The general trend is to the downside as far as 1.4710 remains intact with targets at 1.2330 and 1.2100 Support: 1.2680, 1.26660, 1.2615, 1.2555, 1.2525 Resistance: 1.2770, 1.2805, 1.2895, 1.2945, 1.2995 Recommendation: According to our analysis, we see that its good to sell the pair below 1.2660 with targets at 1.2525 and stop loss with a four hour close above 1.2720 GBP Morning Report Yesterday's decline was sharp taking the pair near our downside targets at 1.4150. The downside intraday trend proved the significance of 1.4140 which has now become a pivot point on the short term showing possibilities that a bearish technical pattern may form with a neckline at the same support level and targets at 1.3500. This change in trend on the intraday and the expected decline on the short term will remain as far as 1.4295 remains intact. The trading range for today is among the key support at 1.3850 and the key resistance at 1.4640 The general trend is to the downside as far as 1.5270 remains intact with targets at 1.3500 and 1.2960 Support: 1.4170, 1.4140, 1.4095, 1.4040, 1.3995 Resistance: 1.4295, 1.4375, 1.4400, 1.4425, 1.4475 Recommendation: According to our analysis, we see that it's good to sell the pair below 1.4295 with targets at 1.4140 and stop loss with a four hour close above 1.4425 JPY Morning Report Trading remains to the upside as the pair continues to breach resistance levels one after the other currently targeting 99.45 on the intraday and above 101.00 on the short term. We expect this incline to remain with a four hour close above 97.90 or with a downside correction to 97.10 in an attempt to adjust momentum before rebounding back to the upside The trading range for today is among the key support at 94.35 and the key resistance at 99.45 The general trend is to the downside as far as 102.10 remains intact with targets at 84.95 and 82.60 Support: 97.45, 97.10, 96.75, 96.55, 96.15 Resistance: 97.90, 98.30, 98.85, 99.45, 99.75 Recommendation: According to our analysis, we see that its good to buy the pair with a four hour close above 97.90 with targets at 99.45 and stop loss with a four hour close below 96.55 CHF Morning Report After building a solid base above the key support of the ascending channel and with the support of positive signs on momentum indicators, the pair inclined to currently target the pivot point at 1.1715 which is the neckline for a possible bullish technical pattern with targets at 1.1920 and 1.1970. We expect the pair to target this level as far as 1.1620 – 1.1560 remains intact. The trading range for today is among the key support at 1.1390 and the key resistance at 1.1970 The general trend is to the upside as far as 1.0570 with targets at 1.1970 and 1.2055 Support: 1.1695, 1.1660, 1.1630, 1.1585, 1.1530 Resistance: 1.1740, 1.1785, 1.1825, 1.1885, 1.1920 Recommendation: According to our analysis, we see that its good to buy the pair with an hourly close above 1.1720 with targets at 1.1920 and stop loss with a four hour close below 1.1630 CAD Morning Report The sharp incline witnessed yesterday helped the pair breach a critical resistance at 1.2530 to reach 1.2575 which is the 100% Fibonacci expansion. There is still a possibility for more appreciating during the intraday to 1.2685 – 1.2710 (the 161.8% and 176.4% Fibonacci levels respectively). The pair may face difficulties at 1.2575 which is the 100% expansion intersected with the key resistance for the minor descending channel. Confirmation of the intraday trend will be seen with a four hour close above 1.2575 yet failure of this will decline the pair to 1.2390 The trading range for today is among the key support at 1.2235 and the key resistance at 1.2710 The general trend is to the upside as far as 1.1780 remains intact with targets at 1.2935 and 1.3065 Support: 1.2530, 1.2505, 1.2470, 1.2435, 1.2380 Resistance: 1.2600, 1.2635, 1.2660, 1.2685, 1.2710 Recommendation: According to our analysis, we see that its good to buy the pair with an hourly close above 1.2575 with targets at 1.2685 and stop loss with a four hour close below 1.2505 Crown Forex disclaimer:The above may contain information for investors/traders and is not a recommendation to buy or sell currencies, gold, silver & energies, nor an offer to buy or sell currencies, gold, silver & energies. The information provided is obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. I am not liable for any losses or damages, monetary or otherwise that result. I recommend that anyone trading currencies, gold, silver & energies should do so with caution and consult with a broker before doing so. Prior performance may not be indicative of future performance. Currencies, gold, silver &energies presented should be considered speculative with a high degree of volatility and risk. Support: 1.2680, 1.26660, 1.2615, 1.2555, 1.2525 Resistance: 1.2770, 1.2805, 1.2895, 1.2945, 1.2995 Recommendation: According to our analysis, we see that its good to sell the pair below 1.2660 with targets at 1.2525 and stop loss with a four hour close above 1.2720 GBP Morning Report Yesterday's decline was sharp taking the pair near our downside targets at 1.4150. The downside intraday trend proved the significance of 1.4140 which has now become a pivot point on the short term showing possibilities that a bearish technical pattern may form with a neckline at the same support level and targets at 1.3500. This change in trend on the intraday and the expected decline on the short term will remain as far as 1.4295 remains intact. The trading range for today is among the key support at 1.3850 and the key resistance at 1.4640 The general trend is to the downside as far as 1.5270 remains intact with targets at 1.3500 and 1.2960 Support: 1.4170, 1.4140, 1.4095, 1.4040, 1.3995 Resistance: 1.4295, 1.4375, 1.4400, 1.4425, 1.4475 Recommendation: According to our analysis, we see that it's good to sell the pair below 1.4295 with targets at 1.4140 and stop loss with a four hour close above 1.4425 JPY Morning Report Trading remains to the upside as the pair continues to breach resistance levels one after the other currently targeting 99.45 on the intraday and above 101.00 on the short term. We expect this incline to remain with a four hour close above 97.90 or with a downside correction to 97.10 in an attempt to adjust momentum before rebounding back to the upside The trading range for today is among the key support at 94.35 and the key resistance at 99.45 The general trend is to the downside as far as 102.10 remains intact with targets at 84.95 and 82.60 Support: 97.45, 97.10, 96.75, 96.55, 96.15 Resistance: 97.90, 98.30, 98.85, 99.45, 99.75 Recommendation: According to our analysis, we see that its good to buy the pair with a four hour close above 97.90 with targets at 99.45 and stop loss with a four hour close below 96.55 CHF Morning Report After building a solid base above the key support of the ascending channel and with the support of positive signs on momentum indicators, the pair inclined to currently target the pivot point at 1.1715 which is the neckline for a possible bullish technical pattern with targets at 1.1920 and 1.1970. We expect the pair to target this level as far as 1.1620 – 1.1560 remains intact. The trading range for today is among the key support at 1.1390 and the key resistance at 1.1970 The general trend is to the upside as far as 1.0570 with targets at 1.1970 and 1.2055 Support: 1.1695, 1.1660, 1.1630, 1.1585, 1.1530 Resistance: 1.1740, 1.1785, 1.1825, 1.1885, 1.1920 Recommendation: According to our analysis, we see that its good to buy the pair with an hourly close above 1.1720 with targets at 1.1920 and stop loss with a four hour close below 1.1630 CAD Morning Report The sharp incline witnessed yesterday helped the pair breach a critical resistance at 1.2530 to reach 1.2575 which is the 100% Fibonacci expansion. There is still a possibility for more appreciating during the intraday to 1.2685 – 1.2710 (the 161.8% and 176.4% Fibonacci levels respectively). The pair may face difficulties at 1.2575 which is the 100% expansion intersected with the key resistance for the minor descending channel. Confirmation of the intraday trend will be seen with a four hour close above 1.2575 yet failure of this will decline the pair to 1.2390 The trading range for today is among the key support at 1.2235 and the key resistance at 1.2710 The general trend is to the upside as far as 1.1780 remains intact with targets at 1.2935 and 1.3065 Support: 1.2530, 1.2505, 1.2470, 1.2435, 1.2380 Resistance: 1.2600, 1.2635, 1.2660, 1.2685, 1.2710 Recommendation: According to our analysis, we see that its good to buy the pair with an hourly close above 1.2575 with targets at 1.2685 and stop loss with a four hour close below 1.2505 Crown Forex disclaimer:The above may contain information for investors/traders and is not a recommendation to buy or sell currencies, gold, silver & energies, nor an offer to buy or sell currencies, gold, silver & energies. The information provided is obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. I am not liable for any losses or damages, monetary or otherwise that result. I recommend that anyone trading currencies, gold, silver & energies should do so with caution and consult with a broker before doing so. Prior performance may not be indicative of future performance. Currencies, gold, silver &energies presented should be considered speculative with a high degree of volatility and risk.

Daily Forex Technicals | Written by Crown Forex | Feb 26 09 08:45 GMT |
Technical Analysis for Major Currencies
EURO

Morning Report The pair once again declined towards the correction levels pointed out previously where it is still pressured to the downside where if reaches 1.2660 this may result in the formation of a bearish technical pattern with targets at 1.2420 and 1.2330 on the intraday if the neckline was successfully breached with a four hour close. The current support is at 1.2680 where if breached will open the way to retest the key support at 1.2660. High volatility may be witnessed near this level and our outlook can't be determined clearly and therefore we need to monitor 1.2680 – 1.2660 levels. The trading range for today is among the key support at 1.2420 and the key resistance at 1.3220 The general trend is to the downside as far as 1.4710 remains intact with targets at 1.2330 and 1.2100

Support: 1.2680, 1.26660, 1.2615, 1.2555, 1.2525
Resistance: 1.2770, 1.2805, 1.2895, 1.2945, 1.2995

Recommendation: According to our analysis, we see that its good to sell the pair below 1.2660 with targets at 1.2525 and stop loss with a four hour close above 1.2720
GBP

Morning Report Yesterday's decline was sharp taking the pair near our downside targets at 1.4150. The downside intraday trend proved the significance of 1.4140 which has now become a pivot point on the short term showing possibilities that a bearish technical pattern may form with a neckline at the same support level and targets at 1.3500. This change in trend on the intraday and the expected decline on the short term will remain as far as 1.4295 remains intact. The trading range for today is among the key support at 1.3850 and the key resistance at 1.4640 The general trend is to the downside as far as 1.5270 remains intact with targets at 1.3500 and 1.2960

Support: 1.4170, 1.4140, 1.4095, 1.4040, 1.3995
Resistance: 1.4295, 1.4375, 1.4400, 1.4425, 1.4475

Recommendation: According to our analysis, we see that it's good to sell the pair below 1.4295 with targets at 1.4140 and stop loss with a four hour close above 1.4425
JPY

Morning Report Trading remains to the upside as the pair continues to breach resistance levels one after the other currently targeting 99.45 on the intraday and above 101.00 on the short term. We expect this incline to remain with a four hour close above 97.90 or with a downside correction to 97.10 in an attempt to adjust momentum before rebounding back to the upside The trading range for today is among the key support at 94.35 and the key resistance at 99.45 The general trend is to the downside as far as 102.10 remains intact with targets at 84.95 and 82.60

Support: 97.45, 97.10, 96.75, 96.55, 96.15
Resistance: 97.90, 98.30, 98.85, 99.45, 99.75

Recommendation: According to our analysis, we see that its good to buy the pair with a four hour close above 97.90 with targets at 99.45 and stop loss with a four hour close below 96.55
CHF

Morning Report After building a solid base above the key support of the ascending channel and with the support of positive signs on momentum indicators, the pair inclined to currently target the pivot point at 1.1715 which is the neckline for a possible bullish technical pattern with targets at 1.1920 and 1.1970. We expect the pair to target this level as far as 1.1620 – 1.1560 remains intact. The trading range for today is among the key support at 1.1390 and the key resistance at 1.1970 The general trend is to the upside as far as 1.0570 with targets at 1.1970 and 1.2055

Support: 1.1695, 1.1660, 1.1630, 1.1585, 1.1530
Resistance: 1.1740, 1.1785, 1.1825, 1.1885, 1.1920

Recommendation: According to our analysis, we see that its good to buy the pair with an hourly close above 1.1720 with targets at 1.1920 and stop loss with a four hour close below 1.1630
CAD

Morning Report The sharp incline witnessed yesterday helped the pair breach a critical resistance at 1.2530 to reach 1.2575 which is the 100% Fibonacci expansion. There is still a possibility for more appreciating during the intraday to 1.2685 – 1.2710 (the 161.8% and 176.4% Fibonacci levels respectively). The pair may face difficulties at 1.2575 which is the 100% expansion intersected with the key resistance for the minor descending channel. Confirmation of the intraday trend will be seen with a four hour close above 1.2575 yet failure of this will decline the pair to 1.2390 The trading range for today is among the key support at 1.2235 and the key resistance at 1.2710 The general trend is to the upside as far as 1.1780 remains intact with targets at 1.2935 and 1.3065

Support: 1.2530, 1.2505, 1.2470, 1.2435, 1.2380
Resistance: 1.2600, 1.2635, 1.2660, 1.2685, 1.2710

Recommendation: According to our analysis, we see that its good to buy the pair with an hourly close above 1.2575 with targets at 1.2685 and stop loss with a four hour close below 1.2505

Crown Forex

disclaimer:The above may contain information for investors/traders and is not a recommendation to buy or sell currencies, gold, silver & energies, nor an offer to buy or sell currencies, gold, silver & energies. The information provided is obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. I am not liable for any losses or damages, monetary or otherwise that result. I recommend that anyone trading currencies, gold, silver & energies should do so with caution and consult with a broker before doing so. Prior performance may not be indicative of future performance. Currencies, gold, silver &energies presented should be considered speculative with a high degree of volatility and risk.