Monday, January 21, 2013

GBPUSD has formed Double top pattern


GBPUSD has formed Double Top Pattern with neckline @1.5824

if pair breaks neckline @1.5824  then Pair may targeting towards 400pips

pair has Strong Support @1.5775



EURUSD has formed Double Top Pattern

EURUSD has formed Double Top Pattern with neckline @1.3260

Pair has Support @1.3250 and Resistance @1.3340 Strong 1.3402 

Downwards
if Pair Breaks level @1.3250 then pair may test support near 1.310 & 1.30

Upwards

if Pair breaks Jan 14, 2013's high @1.3402 then it has Strong resistance @1.3485  which is 50% retracement of rally 2011-2012




Daily Chart 

Pair has formed regular bearish divergence with RSI 14(RELATIVE STRENGTH INDEX)



Wednesday, January 2, 2013

EURUSD has strong resistance @1.33

EURUSD has formed Pin Bar Setup in daily chart
It has Strong resistance @1.33 pair has broken level 1.3150 targeting towards 1.3 & 1.2950