My forecasts by EURUSD, GBPUSD, USDCHF, USDJPY, GOLD

[strategist]

18.02.08

I am sorry for a delay, there were problems with the internet


General view
It seemed that the last week behaved in such a way that should cause the dollar to continue its weakening. But as I repeatedly stated in my previous forecasts, that was nothing but a correction and the dollar will continue its growth as early as the European session opens on Monday. To tell the truth, dollar against euro will grow not as fast as against GBPUSD. This is caused by the picture over EURGBP: the pair intends to break the “triangle” shape at the daily graph and to go up to the level 0.7770. Gold with LS crude oil unambiguously show the descending movement, which is also in favor of dollar



EURUSD

H4
The pair is being traded in “a-a+” ascending correction channel. Bounce off the “X” trend line implies correction’s completion and, upon breaking the lower bound of “a-a+” trend, the beginning of a descending trend towards “M” trend line (the lower bound of the “triangle” shape). 1.4515 is the level of a minor resistance.

Daily
The pair is being traded within the “triangle” shape (“M-M+” channel), I expect its breaking downwards (breaking of “M” trend line). It’s clearly seen by looking through the candles that the current ascending movement from “Y” trend line is correctional. Bounce off “X” trend line implies correction’s completion and the beginning of a descending trend to “M” trend line (1.4430), and upon its breaking, to trend lines “W” and “Q” (1.4290).

Weekly
Owing to the support from the “Q” trend line, the “triangle” shape has been formed (“M-M+” channel). Its lower bound “M” has to be broken, leading to the breaking of “E-E+” ascending trend and the movement towards “N” trend line (1.34/1.33).
http://forexmillion.com/images/GRAPHS/18_02_08/eurusd weekly.gif - weekly

Monthly
The pair is over “Q” trend line, which, having offered support to the pair, gave a possibility for a turned “triangle” shape to be formed at the Weekly graph. Starting from the fact that at the Weekly graph a turned “triangle” shape has formed, and it has to be broken downwards, “E-E+” ascending trend will be broken also downwards and the pair will forward to “N” trend line (1.34/1.33). A correction to levels 1.42/1.43 is possible from this trend line. Further the descending movement will be amplified by relatively fine formed “double top” turned shape (“G-G+” channel). If this shape (“G” trend line) will be broken, EURUSD will go down to 1.1900.
http://forexmillion.com/images/GRAPHS/18_02_08/eurusd monthly.gif - monthly



GBPUSD

H4
“a-a+” ascending correction trend was broken, so now the pair is on its way down to trend lines “N” and “Y” (1.9430).

Daily
The bounce off the higher bound of “C-C+ descending trend confirms the pair’s intentions to break “N” trend line and to continue the descending movement with the target 1.9076.

Weekly
The breaking of the lower bound of “E-E+” ascending trend implies breaking of the red “N” trend line and reaching the lower bound of “G-G+” channel (turned “double top” shape), the level 1.84/1.85.
http://forexmillion.com/images/GRAPHS/18_02_08/gbpusd weekly.gif - weekly

Monthly
A turned “Wolf waves” model was formed (bounce off the 5th wave) with the target 1.7145. The breaking of the black “E-E+” ascending trend confirmed this model and the pair’s intentions to break “N” trend, as well as the lower bound of the turned “double top” shape (1.84/1.85), upon breaking of which the target of the 6th Wolf’s wave, the level 1.7145, will be reached.
http://forexmillion.com/images/GRAPHS/18_02_08/gbpusd monthly.gif - monthly



USDCHF

Н4
The breaking of “R” trend line (1.1090) will open the road of growth to the target 1.1270.
http://forexmillion.com/images/GRAPHS/18_02_08/usdchf h4.gif - h4
http://forexmillion.com/images/GRAPHS/18_02_08/usdchf daily.gif - daily



USDJPY

Н4
The pair has broken the “triangle” shape. Although it wasn’t really straight, nevertheless the breaking of this shape is a signal to the beginning of an ascending trend. “Y” trend line can offer some resistance, but the pair is aimed at the level 109.36.
http://forexmillion.com/images/GRAPHS/18_02_08/usdjpy h4.gif - h4

Daily
The breaking of “C-C+” trend assumes the movement from “E+” trend line to 111.00.
http://forexmillion.com/images/GRAPHS/18_02_08/usdjpy daily.gif - daily

Weekly
http://forexmillion.com/images/GRAPHS/18_02_08/usdjpy weekly.gif - weekly

Monthly
The pair is being traded within a triangle. The level 106.20 is a very strong support, I expect the movement from it to 115.85.
http://forexmillion.com/images/GRAPHS/18_02_08/usdjpy monthly.gif - monthly



GOLD

Н4
The “triangle” shape is formed with “R-R+” bounds. The breaking of “R” trend line together with “Y” opens the road of lowering towards “E” trend line – the lower bound of the ascending weekly trend.
http://forexmillion.com/images/GRAPHS/18_02_08/gold h4.gif - h4

Daily
The turned “Wolf waves” model is formed with the target $860-870. The breaking of “Y” trend line will confirm the model and intentions of the descending movement. Upon breaking of the lower bound of “E-E+” ascending trend (which is supposed to happen) the pair will go down to the level $800.
http://forexmillion.com/images/GRAPHS/18_02_08/gold daily.gif - daily



EURGBP
http://forexmillion.com/images/GRAPHS/18_02_08/eurgbp h4.gif - H4
http://forexmillion.com/images/GRAPHS/18_02_08/eurgbp daily.gif - daily



LS Crued oil

Н4
The bounce off “X” trend line occurred, what assumes the breaking of the lower bound of “a-a+” ascending correction trend and the movement towards the lower bound of “C-C+” channel ($89). The breaking of “C” trend will give the pair a chance to go down to “Z” trend line ($85-56).
http://forexmillion.com/images/GRAPHS/18_02_08/crued oil h4.gif - h4

Daily
We could suppose that the “double bottom” shape was formed, but it is impossible during the correction. That’s why I consider the bounce off “X” trend line as a sign of turn. From this trend line I expect lowering to “Z” trend line ($85-86).
http://forexmillion.com/images/GRAPHS/18_02_08/crued oil daily.gif - daily

 

[strategist]

EURUSD
H4 forecast
1) Ascending trend, target of movement 1.5310
2) if the pair won't be able to go up than level 1.5150, then level 1.5010 and 1.4950 will become its target. And if the pair won't be able to go down than level 1.4950, then level 1.5310 will become its target
Cancellation of the scenario 2, if the pair will be able to go down 1.4950
http://forexmillion.com/images/GRAPHS/28_02_08/eurusd h4 forex forecast.gif

Daily forecast
1) Ascending trend, target of movement 1.5520
2) if the pair won't be able to go up than level 1.5310, then level 1.4950 will become its target. And if the pair won't be able to go down than level 1.4950, then level 1.5520 will become its target
Cancellation of the scenario 2, if the pair will be able to go down 1.4950

GBPUSD
H4 forecast
1) Ascending trend, target of movement 2.0133
2) if the pair won't be able to go up than level 1.9875, then level 1.9690 - 1.9630 will become its target. And if the pair won't be able to go down than level 1.9610, then level 1.9825 and 2.0133 will become its target
Cancellation of the scenario 2, if the pair will be able to go down 1.9610
http://forexmillion.com/images/GRAPHS/28_02_08/gbpusd h4 forex forecast.gif

Daily forecast
1) Ascending trend, target of movement 2.0133
2) if the pair won't be able to go up than level 1.9875, then level 1.9690 - 1.9630 will become its target. And if the pair won't be able to go down than level 1.9610, then level 1.9825 and 2.0133 will become its target
Cancellation of the scenario 2, if the pair will be able to go down 1.9610

USDCHF
H4 forecast
Descending trend, target of movement 1.0415
http://forexmillion.com/images/GRAPHS/28_02_08/usdchf h4 forex forecast.gif

Daily forecast
1) Descending trend, target of movement 1.0240
2) if the pair won't be able to go down than level 1.0415, then level 1.0630 will become its target. And if the pair won't be able to go higer than level 1.0630, then level 1.0240 will become its target
Cancellation of the scenario 2, if the pair will be able to go higer 1.0630

USDJPY
1) Descending trend, target of movement 105.60 (102.00)
2) ...
3) if the pair won't be able to go down than level 105.60, then level 107.10 will become its target. And if the pair won't be able to go higer than level 107.70, then level 102.00 will become its target

http://forexmillion.com/images/GRAPHS/28_02_08/usdjpy mn forex forecast.gif - monthly



GOLD
1) Ascending trend, target of movement unknown
2) if the pair won't be able to go up than level 967, then level 917 will become its target
http://forexmillion.com/images/GRAPHS/28_02_08/gold h4 forex forecast.gif - H4

 

[theroguetrader]

EUR/USD - (MARCH 08)

21st FEB - 14712 - (LONG)
28th FEB - 15188 - (SHORT) - to close

476 x 10.00 = 4,760.00 (GBP)


GBP/USD - (MARCH 08)

22-FEB - 19606 - (LONG)
26-FEB - 19851 - (SHORT) - to close

245 x 10.00 = 2,450.00 (GBP)


USD/CHF - (MARCH - 08)

22- FEB - 10884 - (SHORT)
2 - MAR-10333 - (LONG) - to close

551 x 20.00 = 11,020.00 (GBP)


USD/JPY - (MARCH - 08)

28 - FEB - 10629 - (SHORT)
2 - MAR - 10296 - (LONG) - to close

333 x 20.00 = 6,660.00 (GBP)



nothing doing on any of these markets for a week or 2 at least - may as well take it easy.. !!

Gold - cant be bothered with it, but its been on an uptrend since i last took notice at around 645 quid... !!

 

[strategist]

EUR/USD

H4 forecast
1) Ascending trend, target of movement 1.5520
2) Ascending trend with support on 1.5235, target of movement 1.5520

Trade signals:
1) buy market, but not higher then 1.5280, stop loss 1.5175, take profit 1.5485
2) buy limit 1.5248, stop loss 1.5175, take profit 1.5485
3) buy stop 1.5360, stop loss 1.5255, take profit 1.5485
(updated 06.03.08, 00:42 by GMT)

Daily forecast
1) Ascending trend, target of movement 1.5520
Daily graph




GBP/USD

H4 forecast
1) Ascending trend, target of movement 2.0133
2) Ascending trend with support on 1.9835, target of movement 2.0133

Trade signals:
buy limit 1.9852, stop loss 1.9780, take profit 2.0100
(updated 06.03.08, 01:07 by GMT)

Daily forecast
Ascending trend, target of movement 2.0133
Daily graph



USD/CHF

H4 forecast
1) Descending trend, target of movement 1.0140
2) Descending trend with resistance on 1.0505, target of movement 1.0140
Cancellation of the scenario 2 if the pair will go up higher then level 1.0525

Daily forecast
Descending trend, target of movement 1.0140
Daily graph



USD/JPY

H4 forecast
Descending trend with resistance on 104.75, target of movement 102.00

Monthly forecast
Descending trend with resistance on 104.75, target of movement 102.00
Monthly graph

 

[strategist]

EUR/USD

H4 forecast
Ascending trend, but there are some signs of trend turn:
1) if the channel "C-C+" will be broken through, then level 1.4955 will become target

2) if the pair won't be able to go down lower then level 1.4910, then level 1.5580 will become its target
cancelation this scenarion if will be able to go down lower then level 1.4910

3) if the pair will be able to go down lower then level 1.4910, then level 1.4650 will become its target
cancelation this scenario, if after passing level 1.4910 the pair will be able to go up higher then level 1.4985

Daily
http://forexmillion.com/images/GRAPHS/10_03_08/eu d1.gif




GBP/USD

H4 forecast
Ascending trend, but there are some signs of trend turn:
1) if the channel "C-C+" will be broken through, then level 1.9630 will become target

2) if the pair won't be able to go down lower then level 1.9600, then level 2.0555 will become its target
cancelation this scenarion if will be able to go down lower then level 1.9600

3) if the pair will be able to go down lower then level 1.9600, then level 1.9400 will become its target
cancelation this scenario, if after passing level 1.9600 the pair will be able to go up higher then level 1.9660

Daily
http://forexmillion.com/images/GRAPHS/10_03_08/gu d1.gif



USD/CHF

H4 forecast
Descending trend, but there are some signs of trend turn:
1) if the channel "C-C+" will be broken through, then level 1.0620 will become target

2) if the pair won't be able to go up higher then level 1.0670, then level 1.0000 will become its target
cancelation this scenarion if will be able to go up higher then level 1.0670

3) if the pair will be able to go up higher then level 1.0670, then level 1.0830 will become its target
cancelation this scenario, if after passing level 1.0670 the pair will be able to go down lower then level 1.0580

Daily
http://forexmillion.com/images/GRAPHS/10_03_08/uc d1.gif



USD/JPY

H4 forecast
Descending trend, but there are some signs of trend turn
if the channel "C-C+" will be broken through, then level 106.60 will become target

Daily
http://forexmillion.com/images/GRAPHS/10_03_08/uj d1.gif



GOLD

Ascending trend, but there are some signs of trend turn
if the channel "C-C+" will be broken through, then level 1.9630 will become target 917.15
http://forexmillion.com/images/GRAPHS/10_03_08/g h4.gif

 

[strategist]

EUR/USD

H4 forecast
Ascending trend, all aims are attained. There are some signs of trend turn and I wait it.

Variants of events' development that take effect if:
If daily ascending trend will be broken, the pair will go to the level 1.5120

Trade signals:
1) sell stop 1.5675, stop loss 1.5785, take profit 1.5150
2) sell stop 1.5530, stop loss 1.5615, take profit 1.5150

GBP/USD

H4 forecast
Decending trend.

Trade signals:
sell limit 2.0026, stop loss 2.0125, take profit 1.9660

USD/CHF

H4 forecast
Descending trend, all aims are attained. There are some signs of trend turn and I wait it.

Variants of events' development that take effect if:
If descending daily trend will be broken upwards, the pair will go to the level 1.0555

Trade signals:
1) buy stop 0.9917, stop loss 0.9848, take profit 1.0525
2) buy stop 1.0080, stop loss 0.9990, take profit 1.0525

USD/JPY

H4 forecast

Variants of events' development that take effect if:
If H4 trend "B-B+" will be broken upwards, then the pair will go to the trend line "C+". If "C+" will be broken upwards, then the pair will go to the level 101.85

GOLD

H4 forecast
Ascending trend, all aims are attained. There are some signs of trend turn and I wait it.

Variants of events' development that take effect if:

Trade signals:
1) sell limit 1001, stop loss 1013, take profit 927.00
2) sell stop 981. 50, stop loss 995.00, take profit 928.00
pips account by trade signals of murch: +120

H4 graph

 

[strategist]

EUR/USD

H4 forecast
1) main trend is descending with target 1.5120
2) the pair can go on correction, on the level 1.5615 (resistance). After that the level 1.5120 will become its target

GBP/USD

H4 forecast
Decending trend with target 1.9630/1.9440, resistance 1.9970

USD/CHF

H4 forecast
1) the main trend is ascending with target 1.0555
2) in case of correction the level 0.9990 will become it's target and after that the level 1.0555 will become it's target

USD/JPY

H4 forecast
1) if "triangle" will be broken through upwards, then level 102.82 (as minimum) will become the pair target
2) if "triangle" will be broken through downward, then level 96.12 will become the pair target

 

[strategist]

EURUSD

h4 forecast

Daily forecast

GBPUSD

h4 forecast

Daily forecast

 

[strategist]

EURUSD

http://forexmillion.com/images/GRAPHS/08_04_08/euh4.gif - daily



GBPUSD

http://forexmillion.com/images/GRAPHS/08_04_08/gud1.gif - daily



USDCHF

http://forexmillion.com/images/GRAPHS/08_04_08/ucd1.gif - daily



USDJPY

http://forexmillion.com/images/GRAPHS/08_04_08/ujd1.gif - daily



GOLD

http://forexmillion.com/images/GRAPHS/08_04_08/gh4.gif - H4
http://forexmillion.com/images/GRAPHS/08_04_08/gd1.gif - daily

 

[strategist]

EURUSD
H4 forecast
Descending trend, target of movement 1.3438, resistance 1.4045 and 1.4192.

GBPUSD
H4 forecast
Descending trend, target of movement 1.4680, resistance 1.5207.

USDCHF
H4 forecast
Ascending trend, target of movement 1.1536, support 1.1000 and 1.0838.

GOLD
H4 forecast
Descending trend, target of movement 771.09, resistance 854.00

 

[strategist]

EUR/USD
Side trend.
Variants of events' development that take effect if:
1. if the pair will go down lower than trend line "X", the pair will go down lower than level 1.3800, then the levels 1.3838 and 1.2950 will become its target.
- cancellation of the scenario if after passing level 1.3800, the pair will go up to level 1.3900.
2 -/-
3. if trend line "Y" will be passing up, the level 1.4935 will become its target.
- cancellation of the scenario if after passing trend line "Y" the pair will go down then trend line "Y".

USD/CHF forecast
Ascenfing trend.
Variants of events' development that take effect if:
1. if the pair will go higer than trend line "B+", then trend line "E+" will become its target. If trend line "E+" will be broken through upwards, then level 1.1720 will become its target.
- cancellation of the scenario if after passing upwards of trend line "E+", the pair will go downward then trend line "E+".
2. -/-

GOLD forecast
Side trend, there are some signs of down trend.
If trend line "C+" will be broken through downward, then trend line "E" will be achieved, level ~830.00. If trend line "E" wil be broken through downward also, then trend line "B" will become its target, level 807.00. And if trend line "B" also will be broken through downwards, then level 750.94 will become its target.
- cancellation of the scenario if after passing trend line "E" downward, the pair will be broken through her upwards.

 

[strategist]

New forecasts:


EUR/USD forecast

H4 graph

GBP/USD forecast

H4 graph

USD/CHF forecast

H4 graph

GOLD forecast

H4 graph

 

[strategist]

EURUSD

H4 graph

GBPUSD

H4 graph

USDCHF

H4 graph

GOLD

H4 graph

 

[strategist]

EUR/USD

H4 graph
The pair has reached the target level and a very strong support (1.2830) on the daily graph. For this reason I expect changing in
trends "а-а+" and "В-В+". In the case of breaking the "double bottom" figure (e-e+), the path will be clear for breaking "a-a+" descending
trend, breaking of which in its turn will clear the path for breaking "B-B+" trend and reaching the target of 1.3485.
Current support is 1.2910.

GBP/USD

H4 graph
I expect turning of the trend. In the case of trend "e-e+" breaking, level 1.4220 is to be reached.

USD/CHF

H4 graph
There are signs of the trend's change. Now I'm expecting a contact with "а-а+" trend's lower bound, and reaching 1.1115 level upon its breaking.

GOLD

H4 graph
The target is $912.

 

[strategist]

EUR/USD

H4 graph
Breaking of "a-a+" channel has granted a possibility of breaking "B-B+" trend and the growth to target levels 1.3485 - 1.3645. After "G" trend (1.3300 level) had been reached, the pair bounced off and began the correction. At this moment there are two variants of events to develop:
1. The pair will continue to grow with a target of 1.3485 from current levels, or;
2. The pair will go down to a gathering of supports 1.3015 - 1.3087 and will continue to grow with a target of 1.3485 from there, repeatedly breaking "B-B+" trend and trend line "G" bottom-up.

GBP/USD

H4 graph
Breaking of "a-a+" trend has cleared the way for testing "C" trend line (1.4220), then a bounce off it together with a minor correction occurred. While the pair remains above "a-a+" trend I'm expecting a repeated testing of "C" trend line with subsequent breaking of it and reaching the target of 1.4692. In the case of correction's extension the pair may go down to 1.3858 level and continue to grow from there with targets stated above. 1.4050 level is also a heavy support, so if the ascending impulse will be strong enough, this support is entirely sufficient for maintaining the pair's growth.

USD/CHF

H4 graph
Breaking of "a-a+" trend has cleared the way for dropping to target level of 1.1115. Two levels of resistance have been formed: 1.1410 and 1.1500. In the case of correction's extension I expect a bounce off one of these levels and a continuation of the descending trend with a target of 1.1115.

 

[jeffsmith]

GBP/USD intraday: under pressure.
Pivot: 1.4255.
Our Preference: SHORT positions @ 1.4245 with targets @ 1.4015 & 1.39.
Alternative scenario: The upside penetration of 1.4255 will call for 1.4375 & 1.455.
Comment: the pair stands within a ST bearish channel, the RSI is on the downside.
Trend: ST Consolidation; MT Bearish
Key levels Comment
1.455** Intraday resistance
1.4375** Intraday resistance
1.4255** Intraday pivot point
1.4129 Last
1.4015*** Intraday support
1.39** Intraday support
1.375*** Intraday support

EUR/USD intraday: the downside prevails.
Pivot: 1.3210.
Our Preference: SHORT positions @ 1.32 with 1.304 & 1.2975 in sight.
Alternative scenario: The upside breakout of 1.321 will open the way to 1.333 & 1.345.
Comment: the pair has broken below its ST bullish channel lower boundary and remains under pressure, the RSI is turning down.
Trend: ST Ltd Upside; MT Bearish
Key levels Comment
1.345** Intraday resistance
1.333** Intraday resistance
1.321*** Intraday pivot point
1.311 Last
1.304*** Intraday support
1.2975** Intraday support
1.29*** Intraday support

EUR/GBP intraday: rebound expected.
Pivot: 0.92
Our preference: Long positions above 0.92 with targets @ 0.9315 & 0.938 in extension.
Alternative scenario: Below 0.92 look for further downside with 0.9125 & 0.905 as targets.
Comment: the pair is breaking above its declining trend line, the RSI is on the upside.

Source AVAFX

 

[strategist]

EUR/USD

H4 graph
Until ECB rates will be published tomorrow, the market is still staying in a side trend and has formed a "triangle" figure. Although I have a lot of strong resistances (1.2830, 1.2790) below and the picture on the daily graph is being built upwards, due to the fact that a "triangle" is formed I should also consider a possibility of developing the picture downwards, because the market's tone will define the side of the figure to which it will be broken.
That’s why there are two variants of events development for tomorrow (if the figure will have been broken after ECB rates publication) and for Friday (if the figure will have been broken after USA TICS rates publication - employment outside the agriculture):
1. If the figure will be broken upwards, the pair will reach "B+" trend line (1.3250), and upon its breaking the pair will aim at the target level 1.3820.
2. If the figure will be broken downwards, the pair will reach the target of 1.2260 and probably go lower.

GBP/USD

H4 graph
The pair has broken an important descending trend "B-B+", telling about the market’s intention to go up. Meanwhile a "diamond" figure has been formed, which is holding the pair within. Again, the market needs publication of the news to gain an incentive to move. In presence of this figure just like in eur/usd we should consider market’s movement both upwards and downwards, so:
1. If the figure will be broken upwards, "C+" trend line (1.4760) will be the target, then 1.5000 and higher upon its breaking.
2. If the figure will be broken downwards, 1.3780 will be the target.

USD/CHF

H4 graph
A "triangle" figure has been formed just like in eur/usd. I have a lot of resistances above, and the daily graph is telling about heading down tendency, but we need look at which side the figure will be broken through.
1. In the case of breaking the figure downwards, the pair goes to 1.1034 level.
2. On breaking upwards, the pair goes to 1.2065 level.

 

[jeffsmith]

Feb 5 2009 (AVAFX) - Following are the exchange rates for principal currencies against the euro:

CURRENT HIGH LOW
US Dollar 1.2839 1.2859 1.28
Japanese Yen 114.73 115.04 114.38
British Pound 0.8892 0.8899 0.8872
Swiss Franc 1.4894 1.4902 1.4874
Danish Crown 7.45 7.4506 7.4504
Norwegian Crown 8.855 8.886 8.8508
Swedish Crown 10.653 10.6663 10.6535
Australian Dollar 1.9939 2.0028 1.9934
Canadian Dollar 1.5835 1.5851 1.5784
Hong Kong Dollar 9.9551 9.9683 9.9264
Russian Rouble 46.6111 46.6474 46.5913
Singapore Dollar 1.9365 1.9421 1.9348

 

[strategist]

EUR/USD

H4 graph
The pair has broken the "diamond" figure ("triangle" figure of the previous forecast - "E-E+" and now it's aimed at "В+" trend line, 1.3220 level, which is the target of the pair. Next, the pair will reach the target of 1.2760 - 1.3800 in the case of "B+" trend line breaking, but first it will need to overcome the resistance at 1.3300. The target of the "diamond" figure lies above 1.3300 level, thus the pair will get over it. The support is currently at 1.2950. Important news - Bernanke's speech is to be released on Tuesday and USA trading balance is to be released on Wednesday. If the market turns inert before those news are published, then there will be a reviving along with extension of the descending trend in USD.

GBP/USD

H4 graph
As supposed, the pair had broken the "diamond" figure upwards, it approached "C+" trend line (marked blue in the previous forecast, now it's marked red), 1.4760 level, which eventually has been broken by the pair afterwards. The resistance at the moment is "D+" trend line – the higher bound of the side trend from the daily graph. Returning to the support at 1.4760 is possible now, but after that I'm expecting extension of the ascending trend. Upon "D+" trend line breaking and passing 1.5000 level, the pair will move towards 1.5450, it's a good chance to happen tomorrow.

USD/CHF

H4 graph
The pair is in "E-E+" side trend, upon breaking of which ("E+" trend line), it will move towards "K" trend line, 1.3000 level, and possibly towards 1.2000. Resistance is at 1.1655, but there is a chance that the pair's correction will occur a little higher. The ascending correction was provoked by "R" trend line. I'm expecting "E" trend line's breaking and reaching the target of 1.3000 - 1.2000.
Breaking of "triangle" figure was supposed to go downwards as well as upwards in the previous forecast. Eventually the figure had been broken upwards, but that was a false breaking, due to the fact that it was not supported either by eur/usd, or by gbp/usd - the pairs against which the dollar was dropping, not rising. Besides, franc had broken the figure before all important news was released.

 

[strategist]

H4 graph
The pair didn’t manage to get over "D+" trend line and bounced off it. After that "а-а+" trend was broken, clearing the way for dropping below "С+" trend line. The pair has finished its ascending motion with the breaking of "К-К+" trend. Now the target of dropping is the level of 1.4050, while resistances are at 1.4510 and 1.4630.

Daily graph
"D+" trend line suppressed the ascending motion. That event was followed by repeated top-down breaking of "С+" trend line. Proceeding from 4-hours graph, the pair is now having the target of lowering at 1.4050. Taking into account that the pair is located above "В-В+" trend, the target level 1.5300 remains actual. Lowering to 1.4050 should be considered correctional; we should expect continuation of the ascending trend from that level with the target at 1.5300.