FACTSFOREX DAILY MARKET ANALYSIS FOR 28/8/13

EUR/USD rotated lower today and invalidate the fakey formed on Wednesday.As long as continues to have a bearish close under the 1.3416 key resistance zone, our bias  remained bearish in the near term.We are looking forward to any bearish setup to trade  to near term support zone around 1.3200.

GBP/USD rotated lower again today and pair huge losses into New York close, by ended the day with a bearish pin at the near term support zone of 15428.In my personal experience of trading this pair, i presumed the market is undergoing what i called COILING and in the near time we expect a bearish setup to validate our bearish bias.

 NZD/JPY formed a bullish pinbar today around 75.06 support zone.We would have love to have a bullish reversal setup at 74.40 key support zone. Giving that we love to trade fron key zones, we remained patience for a  bullish setup or a retest of the key support zone.

EUR/AUD formed a pinbar/false break today at key resistance zone.We expects rotation back to the near term support zone around 1.4481 area, where we can look out for bullish setup to join the dominant bulish trend.

FACTSFOREX DAILY ANALYSIS FOR 27/08/13

EUR/USD formed a fakey setup today after flirting with lower price earlier in the session.Given the formation of this setup at the slope of 8EMA we anticipate a move higher in the near term.To validate a bullish bias the key resistance zone around 1.3416 must be broken with a close above it.Any close below this zone will still be consider a bearish momentum in the near term.This key resistance zone will determine our directional bias in the near term.

GBP/USD break the low of the inside bar formed yesterday, suggesting lower price in the near term.The next support level is around 1.5417 zone.

NZD/USD failed to muster any bullish pressure today,thereby ending the day on a bearish note.The pinbar formed yesterday is  still valid,any break of the low of the pinbar will invalidate the setup thereby supporting the possibility of lower move into 0.7686 support zone.

USD/CAD can not sustain higher price earlier in the session, thereby ending the day as a fakey setup.The near term support zone is 0.421 area.

FACTSFOREX DAILY ANALYSIS FOR 26/08/13

EUR/USD stalled today and formed an inside bar , and ended the day at the key resistance zone around 1.3416.The formation of this inside bar gives a clue of a fakey in days to come.Our directional bias still remained bearish as long as we are getting a close below the key resistance zone of 1.3416.

GBP/USD  also formed and inside bar/pin today.We anticipate a fakey in the direction of our bearish bias in the near term

NZD/USD moved up today from the pinbar formed at key support zone on friday.The ranging momentum of this pair is intact as we look forward to a bullish setup to continues the rally.

USD/CAD formed insidebar/pin  today from the existing counter trend pinbar formed on friday.We are looking forward for a fakey to support our counter trend bias.

FACTSFOREX WEEKLY UPDATE FOR 23-26 AUG 2013

EUR/USD  moved higher today in the earlier session but failed to close above 1.3416 key resistance zone.Our directional  bias remained bearish as long as we continue to get a close below the key resistance level mentioned earlier.The price action in the coming week will clarify our directional bias.

GBP/USD closed lower today after earlier session flirting with higher price.The bearish pin bar formed has a probabilities of continue the rotation into 1.5417 neat term support zone.

NZD/USD continues it ranging momentum by  forming a pinbar on friday at the key support zone.Though it was a bearish close, it formed at the key zone.We are looking forward to price action reaction around this zone in the coming week.

USD/CAD formed a counter trend pinbar on friday from key resistance zone.We agreed that trading a counter trend setup require experience and also must fullfilled our confluence standard
1. it must be obvious and clean
2.it must formed at key zone

FACTSFOREX DAILY ANALYSIS FOR 22/08/13

EUR/USD formed a  fakey setup/pinbar today, after flirting with lower price in the earlier session.The fakey setup has confluence as it was formed within the slope of the EMAS and also at the horizontal support around 1.3296.Our bias has sifted to bullish in the near term as we shall be looking forward to a 50% retracement of the fakey setup.

GBP/USD rotated lower today from the bearish pinbar formed yesterday and ended the day above the near term support zone at 1.5574 area.We will love to see a rotation to 1.5439 area where we can look out for a bullish setup to join the near term momentum.

EUR/JPY moved up aggressively today after forming a bearish pinbar yesterday.We traded the bearish pinbar that failed to work out.Our bias has now changed as we look forward to the retest of 132.69 key resistance zone

FACTSFOREX DAILY ANALYSIS 21/08/13

EUR/USD formed an inside bar today under the key resistance area of 1.3416.We are anticipating a rotation down from this key resistance level given the nature of the region.We look forward to a formation of a fakey in days to come which will solidify our bearish bias on the pair.

GBP/USD  continues the consolidation rally today and ended the day by forming a counter trend pin below the key resistance level 1.5752 zone.We sit on our hand for another 24hrs has the next directional momentum remained uncleared

EUR/AUD continues its bullish run today.The recent runs was started by an inside bar setup formed at key support level as depicted in the 4hrs chart below.

EUR/JPY failed to sustained it bullish runs at the earlier session, thereby ending the day with small bearish pinbar. This small bearish pinbar has higher probabilty of kick starting a bearish momentum in the near term.

FACTSFOREX FOREX ANALYSIS FOR 19/08/2013

EUR/USD tried to move up totay, but latter found bearish pressure and ended the day by forming an indecision candle just bellow the 1.3400 resistance zone.We are still conscious on the next strong directional bias that will occur on this pair.Our directional bias will depends on the price action reaction below or above this resistance zone.

GBP/USD continues its consolidation today by ending the day practically unchanged as regards friday close.
We are anticipating rotation back to value as analysed last week.We keep our eyes open for any obvious price action that will form around 1.5575 and 1.5439 areas coupled with the EMA layers which in turn will serve as confluence point.

NZD/USD formed an OBVIOUS counter trend pinbar today as mentioned and expected by based on our  last week  analysis.The counter trend pinbar has a potential to move lower in the near term, as the pair has been in range momentum for some time.Given the recent down trend momentum of this pair will have a strong bearish bias in the near term.

USD/JPY formed a bearish pinbar today after flirting with high price earlier in the session.The pin bar has higher probability of moving lower based on the recent lower highs and lower lows pattern of the market.

FACTSFOREX WEEKLY FOREX ANALYSIS FOR 16-18 AUG 2013

(1)  EUR/USD

EUR/USD  flirt with higher price earlier in the session  before ending the day lower by forming a bearish small pinbar   below the key resistance area of 1.3400. We are  anticipating a rotation back to value(EMA LAYERS) where will can look out for bullish setup.Given the formation of  large fakey within 1.3200 zone, we are bullish bias in the near term given that the next key resistance zone is ahead (1.3400)

(2)GBP/USD

GBP/USD  stalled today by closing on a bearish note.In the week to come we fancy a rotations back to 1.5575 zone or the EMA layers  where we can look for a bullish setup to join the retest of1.5752 resistance zone.

(3)NZD/USD

NZD/USD moved up modestly today, but failed to close above the 0.8105 resitance zone.The dominant momentum is a ranging conditions. The price action around  0.8105-0.8162 next week will help to clarify our near term directional bias.

        

                       (4)   USD/JPY retraces today by retesting the resistance area around 97.76 zone.We expect lower price next week to support the Higher Highs lows and lower lows momemtum that the market has picked up recently.The next key support zone is around 95.92 zone.

                                                                                                                                                                              

                                                                                                                                                  

FACTSFOREX DAILY FOREX ANALYSIS 15/08/13

                                                                     EUR/USD
EUR/USD moved up agressively today after forming an intraday 4hrs pinbar at the 1.3200 key support zone.In yesterday commentary we made mentioned of the next strong directional bias is going to depend on the price action outlook at the key support zone of 1.3200 areas.Given today price action outlook our bias is more bullish now, so we are looking for any rotation back to the EMAS zone for a bullish setup to join the bullish train.The next resistance zone is around 1.3400 zone.

4hrs Chart

DAILY CHART

      GBP/USD

GBP/USD  aggresively moved up today by breaking through the 1.5600 resistance zone  we mentioned few days ago.It closed above this key resistance  area given us a clue of retesting the next resistance zone of 1.5752 resistance area.We expected a rotation to retest the reisistance zone where we can look for bullish set up to join the bullish momentum.

FACTSFOREX DAILY FOREX ANALSIS 14/8/13

                                                                    EUR/USD
EUR/USD formed an inside bar today.The key support zone of 13200 still hold as our important level that will derermine the strong directional move in the near term.The formation of this inside bar gives a clue of a fakey  bar in near term which can solidify our directional bias in the mean time.A fakey that flirt with 1.3200 support zone will signify a near term retest of 1.3400 key resistance zone.

                                                                  GBP/USD
GBP/USD flirted with low price earlier in the session before agressively moved up.It ended up today by sitting on the EMAS slope which signifies the retest of the next resistance level around 1.5600 zone.

                                                             
                                                                 NZD/USD
NZD/USD sparked up today after yesterday rotations.The next key resistance zone is 0.8100 which will determine the next directional move of this pair.A close above this key resistance zone suggest a bullish momentum in the near term.We are careful because NZD/USD pair seemed to be in range condition, so the price Action reaction at 1.8100 is important and key.

FACTSFOREX DAILY FOREX ANALYSIS FOR 13/8/13

                                                                    EUR/USD
EUR/USD moved lower today as expected by  virtue of inside bar break on Monday and ended the day at 1.3261 after pairing some losses into the New York close.We are careful for the rotation of this pair to key support zone of 1.3200 because the market closed within the EMAS slope.Ideally the support zone of 13200 will determine the strong directional move of this pair bearing any close above or below this key zone

                                                               GBP/USD
GBP/USD formed a bearish pinbar today.We anticipate a bearish rotation to the slope of the EMAS and also the support zones around 1.5200-1.5100 where will can look out for an obvious bullish setup to join the dominant trend.

4HRS CHART

DAILY CHART

                                                             AUD/USD
AUD/USD moved lower today after yesterday stalling.The dominant trend is still down, but we will keep our eyes open for any bullish setup around 0.9036 zone.

FACTSFOREX DAILY FOREX ANALYSIS FOR 12/08/13

                                                                    EUR/USD
Eur/usd gaped today by breaking the low of the inside bar  formed today.The bar formed today doubled as Fakey setup so we anticipate a rotation back to 1.3200 support zone in few days.

                                                                    GBP/USD
GBP/USD breaks the low of the inside bar formed on friday last week.We expect rotation to EMAs slope where we can look for a bullish set up to join the exixting dominant trend.

                                                                   USD/CAD
USD/CAD stalled today by forming an inside bar today.We are expecting a fakey setup to trade to the next support level around 1.0244.

FACTFOREX WEEKLY ANALYSIS FOR 9-12 AUG

                                                                  EUR/USD
EUR/USD stalled today as commented by yesterday analysis.The inside bar formed today may gives a clue for change of momentum in the near term given the formation just below key resistance level of 13400.We anticipate a rotation back to 13307-1.3234 EMAs zone where we can look for a vey obvious bullish setup to join the dominant momentum.

                                                              GBP/USD
GBP/USD also stalled today as expected buy previous day analysis.The weekly chart show the power of trading 50% retracement at 1.5203.We look forward for a retracement back to 1.5438 region where will look for a bullish setup to join the existence dominating trend, the next key resistance  zone is 15734.

WEEKLY CHART

                                                             AUD/USD
AUD/USD continues is latest bulish runs for 4 days consecutively.The pair price action outlook at 0.9325 zone is important for the next directional moves.A bearish setup from the zone may be considered provided is protruding/obvious as the dominant directional move is bearish.

                                                              EUR/AUD
EUR/AUD rotated lower as expected after the bearish pin bar that started the run on monday of this week.It closes within the zone of the EMAs after touching the support zone around 1.4483.The next directional move will depends on the price action reactions next week at these zones.

                                                              USD/CAD
USD/CAD continues its rotation today after the aggressive retracement yesterday.The next support zone is 1.0244.

                                                              USD/JPY
USD/JPY failed to gain momentum to rally up today, thereby stalling by forming a bearish close.Given the recent bearish moves, we expect the bearish run to continue to the next key support level below 94.00 zones.