|
FXTechstrategy Launches New Subscription Plans/Packages
AUDUSD: Bull Pressure Set For More Gains. AUDUSD: With a reversal of its Monday losses occurring today, further upside threats are now building up towards the 0.9078 level and beyond. On a violation of there, ways will open for a move higher towards the 0.9219 level followed by its May 04’10 high at 0.9265 with a clean penetration of that level clearing the way for more recovery towards its April 21’10 high at 0.9337 and then the 0.9404 level, its Nov’16’10 high. Its daily RSI is bullish and pointing higher supporting this view. Alternatively, on weakness the 0.8770 level will be targeted with a decisive break and hold below there aiming at the 0.8736 level and then the 0.8632 level, its July 19’10 low. Overall, having backed off lower prices, AUDUSD continues to retain its upside risk. GBPUSD: Targeting The 1.6000 Level.
GBPUSD: A follow – through higher on the back of its Monday gains is now underway suggesting a run at its big psycho level at 1.6000. This is coming on the heels of a break and hold above the 0.5814/1.6068 levels which has now opened up risk even beyond the 1.6000 level and towards the 1.6200 level. On the other hand, on pullbacks the pair should target the 0.5814/1.6068 levels where a reversal of roles is likely. Further down, the 1.5521/1.5470 levels will come in as the next support with a break of there aiming at its violated trendline at 1.5226. This level is expected to hold and provide support thus turning the pair higher again. Overall, with bull pressure triggered from the 1.4226 level still intact, further upside offensive is likely towards the 1.6000 level.
Subscribe NOW To Our Most Recommended &
Valued Service-The
Professional Suite
EURUSD: Recovery To Target The 1.2921 Level. EURUSD: With a rally seeing the pair pushing above its minor resistance at the 1.2770 level, its Aug’27’10 high, recovery strength could be developing towards its Aug 18’10 high at 1.2921. Further out, resistance is located at the 1.3332 level with a break resuming its short term uptrend towards its .50. Fib Ret (1.5143-1.1875 decline) at 1.3500 and then the 1.3691 level, its April 12’10 high. Conversely, if weakness is seen the1.2586 level, its Aug 24’10 low will be targeted followed by the 1.2522 level, its July 13’10 high. Further weakness if seen will aim at its Jun 20’10 high at 1.2466 and possibly lower. Overall, with bull pressure developing again, higher level prices are seen.
Note: This is an excerpt from The Professional Suite, our daily 7 currency model analysis research package covering EURUSD, GBPUSD, USDJPY, AUDUSD, EURJPY, EURGBP and USDCAD. Get The Full Package, Including 3 FREE Bonuses Now
  
Get More Details About The Professional Suite
Have Questions About Our Packages?
Download A Sample Technical Report
 Follow FXTechstrategy On Twitter
Redistribution, republication or copying of FXTechstrategy.com content is clearly prohibited without the prior written permission of FXTechstrategy.com .This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are those of FXTechstrategy.com own as of the date hereof and are subject to change without notice..Click here for full disclaimer
|
