Technical Analysis - Major Pairs (EUR/USD, AUD/USD. GBP/USD, NZD/USD, USD/CHF, USD/JPY, USD/CAD) and more...

[Tiberiu]

My Technical Analysis is based mainly on:

 

- Dialy Pivot Points, Supports and Resistences,

- Weekly Pivot Points, Supports and Resistences,

- Monthly Pivot Points, Supports and Resistences,

- Fibonacci Retracements,

- Trendlines,

- Channels,

- Crosses between Simple Moving Averages on 4H, 1H, and daily charts( 30,50,100 and 200 SMA) - for trading signals,

- candlestick formations - trading signals,

- crosses between 5 and 13 Exponential Moving Averages on 1H, 4H and daily charts - trading signals.

- I also use indicators like RSI and Volume, just for confirmation of the trading signals.

 

This is just a Step that you have to take to discipline yourself as a trader, have a trading plan and Make a successful trade.

 

Read My >>>12 Solutions to Emotional Trading Problem, 12 Steps to Make a Trade<<<

 

To Your success,

 

Doctortyby

[Tiberiu]

27.12,Tuesday Update >>EUR/USD<<

 

Price is testing 1,30734 Weekly Pivot Point. On 4H and Daily charts we can see a strong downtrendline which is acting as resistence. Price is treding inside a congestion area on 1H chart.

 

Higher probability is Bearish under 1,30529 Daily Pivot, with tragets Daily R1 (1,3024) and 1,30 Support (also Daily R2).Also be careful for the uptrendline on 1H chart which is acting as support.

 

Upside action could take the price above Daily R2 (1,3105) if it will break the Downtrenline on higher timeframes. Bullish targets: Monthly S1 (1,3145), and 61,8% fibo retrace(2Dec)

 

to Your success,

 

doctortyby

 

 

 

[Tiberiu]

Analysis 27.12,>>GBP/USD<<:After a spike in London Open,price tested daily R2,1,56823,and 1,57 resistence.

 

Strong downtrendline resistence on daily chart,in 4H and 1H chart we can se a trianglethat holds price into a neutral area at this time.

 

Bullish probability break daily R2,1,568, and move up to 1,575,Monthly Pivot.

 

Bearish action would break weekly Pivot,1,5608(confluence with uptrendline on 1H chart),and move down to 1,555(daily R1 Pivot)or even 1,5487(daily R2 Pivot).

 

I am netrual on GBP/USD until a triangle vortex breakout.

 

to Your success,

 

Doctortyby

 

 

 

Editat Decembrie 27, 2011 de Tiberiu

[Tiberiu]

Analysis>>27.12<<>>AUD/USD<<:Price is accumulating strenght inside a congestion area in a triangle vortex on 4H and 1H chart.

 

Neutral al this time, price has to break 1,0152(Daily Pivot) for a Bearish continuation to 1,008(Weekly Pivot)and further to 0,994(Weekly S1).

 

Bullish Breakout of 1,016(Monthly Pivot) could rise to 1,0197(daily R2 Pivot), or even further to 1,02.Watch for the downtrendline on Daily chart which is acting as a strong resistence.

 

To Your Success,

Doctortyby

 

 

 

[Tiberiu]

Tuesday(27.12)UPDATE >> USD/CHF << :

 

Price broke out of the triangle vortex on 1H and 4H chart, but has found support on Uptrendline on Higher Time frames at confluence with weekly Pivot Line (0,9335).

 

Higher probability is Long beyond 0,9363(daily Pivot Line), with targets: 0,9391(Monthly R1 Pivot), 0,9428(Weekly R1).

 

Bearish action would take price 0,927(Weekly s1 Pivot), if it brakes Weekly Pivot Mai Line support.Could go even lower to 0,9178(Weekly S2).Wait for a clear signal to enter the Market.

 

To Your Success,

 

Doctortyby

 

 

[Tiberiu]

Tuesday(27.12)UPDATE >> USD/CAD << :

 

Price is trending in an uptrend on daily Chart, and has retraced to uptrendline which holds as support.

 

On 1H chart price has broken the downtrendline resistence and is now trending in a triangle vortex, a neutral congestion area.

 

Higher probability is Bullish, from 1,0203(daily Pivot), to 1,0226(Monthly Pivot Line), higher to 1,0267(weekly pivot line) and perhaps even 1,0354(Weekly R1 Pivot).

 

Bearish Probability under 1,015(Daily S2), could take price lower to 1,012(weekly S1 Pivot)

 

To Your Success,

 

doctortyby

 

 

 

[Tiberiu]

Wednesday UPDATE(28.12)-USD/JPY:

 

Price is trending under Monthly Pivot Line standing at 77,716.

 

It has Broken the Main UpTrendline on 4H chart and is standing on the next trendline support.

 

A retracement from the bearish Move could take price to 77,76(weekly s1 Pivot confluence with 76,4 Fibo), or higher to 77.84(61,8 Fibo) and 77,996(Weekly Pivot confluence with 38,2 Fibo), and the resume the downtrend.

 

Bearish continuation without retracement is possible under 77,61 support, to 77,457(Weekly S2) or even 76,918(Weekly S3 Pivot)

 

To Your Success,

 

Doctortyby

 

 

 

[Tiberiu]

>>> USD/CAD <<< Thursday UPDATE(29.12):

 

Price is standing on 1,0226(Monthly Pivot), and has increased 0,45% Yesterday.

 

Above 1,0267(Weehly Pivot) bullish continuation could take price to 1,0354(Weekly R1 Pivot).Long is the higher probability because we have strong support uptrendline around 1,018 Level.

 

Bearish Probability could break 1,021(daily Pivot), reach 1,017-1,018(confluence between trendline and daily S1 Pivot).Under that area we could see a trend reversal on 4H chart.

 

To your Success,

Doctortyby

 

 

[Tiberiu]

>USD/JPY< Thursday UPDATE(29.12):

 

Price is standing in a neutral zone right now,as Yesterday it has risen about 50 pips to fall again today 40 pips before London Open.

 

Price has broken a trendline, retraced to it and now is resuming the Bearish Move. but we need confirmation under 77,716(Monthly Pivot), for a deeper Short.

 

Always with a BOJ intervention risk, USD/JPY could go long above 77,77(Weekly s1 Pivot), targets: 77,85(confluence between daily Pivot and 38,2 Fibonacci from 22 december), next 77,996(weekly Pivot confluence with 61,8 Fibonacci).Above that we could see a strong bullish move.

 

To Your success,

 

Doctortyby

 

 

Editat Decembrie 29, 2011 de Tiberiu

[Tiberiu]

>>> USD/CHF <<< Thursday UPDATE(29.12):

 

Price has increased 1,06% from Yesterday and now is standing at 0,942(under Weekly R1 Pivot).

 

Higher probability is bullish above 0,945 resistence, with targets: 0,9477(Daily R1),next 0,9492(Weekly R2), above that 0,9547 Resistence.

 

Downside we could see a bearish move under 0,9398(Daily Pivot) to 61.8 Fibonacci support confluence with trendline and daily S1 Pivot (0,935-0,936 area). Under that support we could see a trend reversal.

 

To Your success,

 

Doctortyby

 

 

Editat Decembrie 29, 2011 de Tiberiu