Charmer Charts daily FX technical anlaysis forecast

CharmerCharts.com daily forecasts:

EUR/USD - still failing on the topside and this leaves us under pressure for today. We tried to break higher, and the rejection above 1.4000 leaves us with a Double Top on the daily charts and this pattern should not be ignored.

Today if we lose 1.3845 we would see sellers come back into the market and they will be looking for this to come lower possibly back to 1.3760/40. Buyers would be sniffing around here, therefore we are looking to cover any short positions. Buyers will not hold below 1.3740.

If we bounce from 1.3845 we should expect another thrust higher for 1.3980 to 1.4000. Still sell into strength and only reverse if we break through 1.4030.

GBP failed to do any damage topside and again we are looking under pressure with 1.5845/40 to 1.5829 looking to entice. Sellers are advised to cover all short positions to here. Buyers may well appear but they will be wary. If we cannot hold 1.5820 sellers once more are back in the market and they are looking for further weakness to follow with 1.5770 to 1.5745 then the likely target. We would cover all shorts to these lower levels and attempt small longs. However do not hold if we break the 1.5725 support.

Now the topside. We have achieved 1.6015, extending to 1.6018 on Thursday. If buyers can take the market slightly higher back towards this region cover all longs. Sellers will be waiting and they will only reverse if we break the 1.6025 barrier. We would then see 1.6080 then 1.6175/80 quite quickly.
 

Attachments

  • GBPUSD.pdf
    210.2 KB · Views: 400
  • EURUSD.pdf
    108.9 KB · Views: 262
CharmerCharts.com daily technical analysis forecast:

GBP had a good break higher yesterday coming to target area, just falling shy of 1.6080
reaching 1.6067. You can see that once more we are back above the uptrend line and
therefore buyers are back in the market looking again for the 1.6080 resistance.
We woud look to cover all long positions to here. We would want to go back into the
market if we break above 1.6080. A break above here keeps the pressure to the topside
and we would then expect to see 1.6240/70 quite quickly over the next couple of sessions.
Remember that if we maintain above1.5940/20 we are looking at 1.65 over the next few
weeks.
However if we cannot make a break above 1.6080 today we are in with a chance of corrective pressure and 1.5940/20 support is looking to entice. Buyers are expected back into the market o weakness to these lower levels and it is only a loss of 1.5920 where we would dip lower to the 1.5895/75 support where buyers would be expected once more.

EUR/USD
Eur/Usd only managed 1.4122 yesterday before corrective pressure moved in. Although we are still happily above 1.4000 we really do need to be careful after yesterdays action, as the short term charts are not looking overly strong.
If we cannot make a break quite quickly over 1.4070 we are looking at the sellers coming
back into the market and they will drive this lower for 1.3980 initially. A loss of 1,3980
keeps the immediate pressure to the downside and we see 1.3948/30 looking to entice. Buyers would be expected to come back into the market here, but I do think that they will be wary and they will reverse a loss of 1.3930. Below here and we are looking at a deeper correction and 1.3895 then 1.3845 will be the targeted area.
Above 1.4070 negates downward pressure and we would expect the market to rally once
more with 1.4140/60 targeted. Above here and we should be on our way to 1.4220.

EUR/GBP
Eur/Gbp failed again yesterday and this is sending a bit of a signal to me that all is not well in this cross. Today we have already seen a new low posted below 8774 and if we cannot make a break back above 8805 then we are in trouble and we should therefore trade lower.
8756/55 seems the obvious support level that sellers will drive this to, and if we fail here further selling pressure would be expected and we should then come lower to the break point of 8700. Buyers are expected to come in at these lower levels therefore sellers are advised to cover all shorts to here.
No all this depends on the inability to get back above 8805. If buyers come back into the
market and does break us back above 8805 we are looking at the 8820 to 8839 resistance once more. We will see sellers at these higher levels and only if we break 8850 would sellers be looking to reverse shorts and go long.
 
Today's CharmerCharts.com daily Forex forecasts are attached. EUR/USD, GBP/USD & EUR/GBP. Available daily from 7am.
 

Attachments

  • GBPUSD.pdf
    191.6 KB · Views: 297
  • EURUSD.pdf
    190.7 KB · Views: 396
  • EurStg.pdf
    231.9 KB · Views: 329
Today's CharmerCharts.com Forex forecasts attached.
 

Attachments

  • GBPUSD.pdf
    216.3 KB · Views: 374
  • EURUSD.pdf
    194.8 KB · Views: 367
Today's CharmerCharts.com Forex daily forecasts (available from 6am BST) are attached.
 

Attachments

  • EurStg.pdf
    88.4 KB · Views: 369
  • GBPUSD.PDF
    87.2 KB · Views: 263
  • EURUSD.pdf
    83.1 KB · Views: 281
EUR/USD, GBP/USD, USD/JPY, EUR/GBP &USD/CHF now available.
 

Attachments

  • EurStg.pdf
    133.8 KB · Views: 314
  • EURUSD.pdf
    118.8 KB · Views: 294
  • GBPUSD.pdf
    91.6 KB · Views: 281
  • USDCHF.pdf
    89.1 KB · Views: 280
  • USDJPY.pdf
    89.3 KB · Views: 430
EUR/USD, GBP/USD, USD/JPY, EUR/GBP & USD/CHF now available.
 

Attachments

  • USDJPY.pdf
    88.9 KB · Views: 263
  • USDCHF.pdf
    87.3 KB · Views: 387
  • GBPUSD.pdf
    89.7 KB · Views: 263
  • EurStg.pdf
    129.9 KB · Views: 432
  • EURUSD.pdf
    117.3 KB · Views: 430
Charmer Charts FX: EUR/USD, GBP/USD, USD/JPY, EUR/GBP & USD/CHF now available.
 

Attachments

  • EurStg.pdf
    130.3 KB · Views: 281
  • EURUSD.pdf
    118 KB · Views: 383
  • GBPUSD.pdf
    90.6 KB · Views: 311
  • USDCHF.pdf
    89.8 KB · Views: 365
  • USDJPY.pdf
    88.6 KB · Views: 381
Charmer Charts FX: EUR/USD, EUR/GBP & USD/CHF now available.
 

Attachments

  • USDCHF.pdf
    88.8 KB · Views: 531
  • EURUSD.pdf
    120.3 KB · Views: 291
  • EurStg.pdf
    128.1 KB · Views: 306
Read today's Charmer Charts daily FX technical anlaysis forecast
 

Attachments

  • EurStg.pdf
    131.4 KB · Views: 282
  • EURUSD.pdf
    118 KB · Views: 275
  • GBPUSD.pdf
    93 KB · Views: 286
Today's CharmerCharts.com Forex daily forecasts (available from 6am BST) are attached.
 

Attachments

  • EurStg.pdf
    129.4 KB · Views: 396
  • EURUSD.pdf
    117.9 KB · Views: 364
  • GBPUSD.pdf
    88.4 KB · Views: 259
Today's CharmerCharts.com Forex daily forecasts (available from 6am BST) are attached.
 

Attachments

  • GBPUSD.PDF
    89.7 KB · Views: 285
  • EURUSD.pdf
    116.2 KB · Views: 276
  • EurStg.pdf
    129.8 KB · Views: 302
Today's reports attached.
 

Attachments

  • USDCHF.pdf
    208.1 KB · Views: 227
  • USDJPY.pdf
    99.7 KB · Views: 201
  • EURGBP.pdf
    155.9 KB · Views: 226
  • GBPUSD.pdf
    217.1 KB · Views: 266
  • EURUSD.pdf
    214.2 KB · Views: 256
Eur/usd, gbp/usd, eur/gbp attached.
 

Attachments

  • EURGBP.pdf
    173.4 KB · Views: 297
  • GBPUSD.pdf
    214.4 KB · Views: 254
  • EURUSD.pdf
    240.2 KB · Views: 260
Today's reports attached.
 

Attachments

  • AUD.pdf
    606.9 KB · Views: 256
  • eurusd.pdf
    241.8 KB · Views: 236
  • CHF.pdf
    200.4 KB · Views: 278
  • eurgbp.pdf
    138.6 KB · Views: 237
  • JPY.pdf
    144.6 KB · Views: 246
  • gbpusd.pdf
    235.6 KB · Views: 254
Today's EUR, GBP, CHF, AUD, JPY, CAD reports attached.
 

Attachments

  • USDCHF.pdf
    167.6 KB · Views: 243
  • JPY.pdf
    163.1 KB · Views: 204
  • GBPUSD.pdf
    213.6 KB · Views: 256
  • eurusd.pdf
    250.3 KB · Views: 245
  • EURGBP.pdf
    170.8 KB · Views: 224
  • AUDUSD.pdf
    588.3 KB · Views: 238
  • USDCAD.pdf
    133.6 KB · Views: 231
AUD, CHF, JPY, EUR, GBP, CAD reports attached. Feedback please!!
 

Attachments

  • EURUSD.pdf
    198.3 KB · Views: 232
  • EURGBP.pdf
    197.6 KB · Views: 227
  • CHF.pdf
    156.3 KB · Views: 315
  • CAD.pdf
    144.6 KB · Views: 236
  • AUD.pdf
    152.2 KB · Views: 240
  • JPY.pdf
    146.3 KB · Views: 226
  • GBPUSD.pdf
    197.5 KB · Views: 247
Today's reports attached!
 

Attachments

  • EURGBP.pdf
    181.2 KB · Views: 231
  • EURUSD.pdf
    222.2 KB · Views: 261
  • GBPUSD.pdf
    208.4 KB · Views: 259
Today's reports attached.
 

Attachments

  • JPY.pdf
    157.1 KB · Views: 345
  • EURGBP.pdf
    371 KB · Views: 251
  • EURUSD.pdf
    211.2 KB · Views: 237
  • GBPUSD.pdf
    197.5 KB · Views: 233
  • CHF.pdf
    145.5 KB · Views: 232
Top