Eur/usd

[عماد]

01/04/2005
Upward move

The threat of a correction is once again finding upward trendline support on the daily chart. Although a close below 1.34 would expect a move towards 1.3140.

Holding above the upward trendlines and producing a higher-high above 1.3670 expects a move to 1.39.


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[عماد]

01/05/2005

1.3140 key support

The immediate upward move has ended as the daily chart's upward trendline, which arguably has been in place since Sep. 3rd, has been broken. Support expected at 1.3140, trading below could expect a larger move to 1.2550


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[عماد]

06/01/2005

1.3140 key support

Euro/$'s immediate 3 month upward move has ended as the upward trendline has been broken. Support expected at 1.3140, trading below could expect a larger move to 1.2550

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[عماد]

07/01/2005

1.3140 key support

Closing near the lows yesterday looks to continue the corrective momentum into today. A close below 1.3140 expects a continued move towards 1.2550.

The monthly shows that the 3 year upward trendline that may be under pressure in the upcoming weeks ahead. A 38.2% retracement would eye 1.18

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[عماد]

10/01/2005

Supports have been broken
Straight move over the coming days/weeks to 1.2550? Breaking below the weekly upward trendline raises expectations of a continued correction.
Fibonacci retracements levels: 1.3025 & 1.2630 (of the 1.1988 - 1.3666 move).

هل اليورو يصل الي 1.2550في الايام القادمة؟ في حالة كسر خط المقاومة علي الشارت الاسبوعي سوف يواصل حركة التصحيح الي أسفل. ومن نظرة اخري في حالة حساب نظرية فابونتشي من المستوي 1.1988 الي 1.3666 سيكون المستوي الاول له 1.3025 والتالية هي 1.2630

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[عماد]

31/01/2005

Correction mode

Inching close to the neckline on the daily chart. A close below 1.29 expects the correction to gain momentum, initially targeting 1.26. Resistance remains near 1.32.

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[عماد]

01/02/2005

Correction mode

A close below 1.29 expects the correction to gain momentum, initially targeting 1.26. Resistance remains near 1.32.

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[عماد]

02/02/2005

Correction mode - Euro/$

A close below 1.29 expects the correction to gain momentum, initially targeting 1.26. Resistance remains near 1.32.



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[عماد]

06/02/2005

Ready for a true correction?

1.2840 potentially represents more than just the neckline on the daily chart, it also is where the upward trendline enters on the monthly. Downside targets would include:

1.26 - Weekly channel bottom

1.2460 & 1.1718 - the 23.6% & 38.2% correction levels of 2001 - 2004.


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[عماد]

08/02/2005

Ready for a true correction?

Breaking below the neckline on the daily chart has Euro/$ targeting 1.26, which is the weekly channel bottom. Trading even lower would break the near 3 year old upward channel as the log-scaled weekly chart shows.

دخل اليورو حركه التصحيح الحقيقيه عندما خرج من القناة والهدف له اصبح منطقة 1.26 وعلي الشارت الاسبوع فهوعلي الحد الاسفل للفناة(قناة الثلاث سنين )

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[عماد]

15/02/2005

Testing resistance / support

E/$ - The key now is the longevity of the rebound, trading above 1.30 eyes 1.3150. Holding below could accelerate the corrective move.

اليورو الان في مرحلةالعوده اذا تخطي 1.30 والانظار بعدها سوف تتجه الي 1.3150 اما اذا لم يتعداها فسيكون هناك

حركه سريعه الي التصحيح مره اخري الي اسفل


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[عماد]

16/02/2005

Nearing Euro/$'s channel top

The channel top is expected to act as resistance, which enters near 1.31. While a close below 1.2975 would expect the correction to renew.

أصبح الان خط المقاومة هو الحد الاعلي للقناة وهو ماحددناه بالامس نقطة1.31 ولكن لو كسر اليورو نقطة 1.2975 الي اسفل فسيجدد المحاولة للنزول الي اسفل مرة أخرى

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[عماد]

17/02/2005

Nearing the channel top

A failed attempt lower Wed. has E/$ nearing it's downward trendline w/ resistance at 1.31. Continuing expects resis. at 1.3270. Bouncing off of the upward trendline thus far on the monthly chart as the latest attempt to break lower failed, but likely to see repeated attempts later in Q1 / Q2.



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[عماد]

21/02/2005

Nearing the channel top

Rebounding last week but now facing resistance just shy of 1.31. Breaking above eyes 1.3270.

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[عماد]

23/02/2005

Mini breaking higher

Breaking above the channel on the daily chart, this after momentum has reverted higher over the last 2 weeks.

Resistance exp. at 1.3270, 1.3310 before 1.3445.

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[عماد]

24/02/2005

Meeting resistance

Resistance is holding at 1.3270 thus far. Trading below 1.3150 would expect a move back to 1.3070 and possibly set up a further move towards the previous channel bottom near 1.2750.

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[عماد]

02/03/2005

Correction?

Now trading below the upward trendline on the hourly chart. Initial support lies at 1.3150 before 1.3040.

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[عماد]

03/03/2005


A close below 1.3070 this week in Euro/$ expects a continued move lower next week

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[عماد]

08/03/2005

اليورو مازال يتحرك في نفس المجال خلال الفتره السابقة اي مابين 1.3250 -1.3170 واصبحت 1.3190 نقطة دعم الاولى له والثانية 1.3170 اما نقطة المقاومة له فهي 1.3280

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[عماد]

09/03/2005

Expanded range

1.3270 gave way and a correction has failed to significantly materialize. The daily chart expects resistance on an inclining basis up to 1.3425 - 40.

تخطى اليورو نقطة المقاومة التي ذكرنها بالامس وهي 1.3270 مما يجعلنا نستبعد حركه التصحيح له واصبح الهدف القادم له هو 1.3425 -1.3440

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[عماد]

15/03/2005

Short term top?

A semi-outside candle formed on the daily chart yesterday, which expects a further slowdown in the immediate upward move. Support is expected at 1.33 and 1.3270 before a further correction could occur. Resistance exp. at 1.3525.

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[عماد]

16/03/2005


1.3270 was resistance from early Jan. thru early Mar. and is now expected to act as support. Breaking below eyes 1.31.

Resistance remains at 1.3525.

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[عماد]

17/03/2005

Immediate range is 1.3270 - 1.3525.

Yesterday E/$ broke the 2 day correction as support was found on both charts. A close above 1.3525 would expect a retest of the all-time high at 1.3666.


المدي المتوقع اليوم لليورو مابين1.3525 -1.3270
فقد كسر اليورومحاولة التصحيح وأرتد الي أعلي ثانية وسيظل اليورو محصور مابين هذا المدي الي ان يكسر احداهما لكن
لو كسر نقطة المقاومه1.3525 فسيكون هناك محاوله لتسجيل هاي جديد

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[عماد]

21/03/2005

Immediate range is 1.3230 - 1.3525.

Although E/$ is testing support today at 1.3270 as upward momentum slows. Closing below 1.3270 eyes 1.31.

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[عماد]

22/03/2005

Breaking trendline support

Breaking below the upward trendline on the daily chart, support now expected at 1.31 before a move to the lows from late Jan. / early Feb. could be targeted.

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[عماد]

23/03/2005

Correction on the daily chart which may be leading to a test of the 3 year upward trendline on the weekly chart, which enters near 1.2950.

Only minor supports / resis ahead between 1.2950 / 1.3270 as Euro/$ corrects lower.

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[عماد]

29/03/2005

Nearing the pivotal weekly trendline

The upward trendline on the weekly chart enters near 1.28, a significant close below looks to set up an extended dollar rally. Continuing lower in Q2 would eye 1.2380.

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