ForexPeoples Daily Technical Analysis for The Majors

[FP Representative]

Daily Technical Analysis for Thursday, March 12, 2015 - by ForexPeoples.Com | using Daily-TF chart.

EURUSD
downtrend at EURUSD is still strong. we are good to take longer op sell here if today seller success breaks down to fibo 1.0510. but please also remember that the price can probably correction to above (if the price movement is still holding above that 1.0510).

GBPUSD
The bearish trend at GBPUSD pair already seen to be weak, because the price was approaching near strong demand at 1.4893. be careful with the opportunity to bullish correction for this pair, because price movement was on near or above the strong demand (above fibo 1.4893).

USDJPY
only consolidated for this USDJPY pair. there is no good trade on this pair if price movement is still weak between 120.85 to 121.62.

USDCHF
The USDCHF pair movement is still very likely be able to bullish. important fibo to be aware is near 1.0106. buy would be better if the price has been successfully able to break upward to 1.0106.

Regards.

[FP Representative]

Daily Technical Analysis for Friday, March 13, 2015 - by ForexPeoples.Com | using Daily-TF chart.

EURUSD
up to now, the EURUSD pair is consolidating between 1.0492 to 1.0683. not good to do a new op on that zone. and carefully with a chance of upward correction, if today's buyer can penetrate up to strong Fibo at 1.0683. stoploss for buy can be placed at below 1.0492.

GBPUSD
although the price has reached the demand zone (1.4849), but we still see that the GBPUSD pair still strong downtrend. so it can be interpreted that if a seller today could also continue to penetrate down to more bellow 1.4849, then yes, downtrend will continue and good for sell. On the other hand, we have an important Fibo level at 1.5025 (which can be made as early bullish correction if the 1.5025 has been able can be penetrating / breakup by a strong buyers group).

USDJPY
Although at yesterday, we get a bullish candle (bullish pinbar candle) at USDJPY pair, but we are NOT recommend you to doing / take new buy op now. price looks sideways with a wide range between 120.65 to 121.67. it is an area that not good to doing / search a new op because we will be stuck with a price move direction on that zone. ignore it.

USDCHF
opportunities for price correction to down is very possible for this USDCHF pair - yesterday candle looks bounced to down (from the overbought zone 1.0128). and would be nice to find a sell if the seller group can break down to more bellow Fibo 0.9980. stoploss for sell can be set at above 1.0128.

Regards.

[FP Representative]

Daily Technical Analysis for Monday, March 16, 2015 - by ForexPeoples.Com | using Daily-TF chart.

EURUSD
for now, there are chances for a bullish correction (albeit with weak and narrow motion) on this EURUSD pair - bullish correction still on here if price move still above that 1.0461. if we want to buy, then make sure there stoploss below 1.0461.

GBPUSD
Here is a chance for bullish correction (albeit slightly) during price move at GBPUSD still survive at the top of strong "intraday-low" level (above 1.4699).

USDJPY
just called consolidation for USDJPY pair (for the price movement still exist between 121.13 to 121.57). ignore it.

USDCHF
The USDCHF till now already on near overbought zone (near 1.0111). so the opportunity to continue to downtrend is very large here. good for sell op after the price break down more down 1.0024 today.

Regards.

[FP Representative]

Daily Technical Analysis for Tuesday, March 17, 2015 - by ForexPeoples.Com | using Daily-TF chart.

EURUSD
we would recommend buy op for EURUSD when the buyer is able to break through to the top of 1.0619. there a stoploss that can be set at below 1.0478.

GBPUSD
take a plan buy also very good idea for this GBPUSD. see d1, if the buyer is able to break through to the top of 1.4853 (today), it will be nice to start looking for a buy again here. there stoploss below 1.4736.

USDJPY
by looking at yesterday's candle - shaped bullish pinbar, it is quite nice looking buy on USDJPY but with small TP because pinbar that formed yesterday almost near the overbought zone. initial buy if the price today is capable of penetrating up 121.45. tp is near 121.65.

USDCHF
still consolidation for this USDCHF pair. Current price is near overbought, so it is not good to buy, and also not good to sell over the seller has not been able to penetrate downwards 1.0022.

Regards.

[FP Representative]

Daily Technical Analysis for Wednesday, March 18, 2015 - by ForexPeoples.Com | using Daily-TF chart.

EURUSD
we see that the EURUSD pair could potentially continue on it's correction bullish move today - this bullish will happen when price had been able to hold above fibo 1.0650.

GBPUSD
Yesterday in the GBPUSD pair - there is a "Dark Cloud Pattern" candle. it is the down candle. so that - the pair is still likely to continue down today if seller is proven and able to break through the bottom to important fibo 1.4723.

USDJPY
The bullish at USDJPY pair has weakened. Current price is consolidating between 121.11 to 121.52. not good to buy. Sell it would be wise if fibo 121.11 can penetrate by strong seller later.

USDCHF
we would recommend you to look for sell at USDCHF pair when the price can breakdown to below 1.0008.

Regards.

[FP Representative]

Daily Technical Analysis for Thursday, March 19, 2015 - by ForexPeoples.Com | using Daily-TF chart.

EURUSD
take the buy plan is a good idea at EURUSD pair - we see that if a buyer today successfully penetrating into the top 1.1017, then yes, it would be better looking buy op.

GBPUSD
just called consolidation and not good to do a new op if the GBPUSD motion still exist between 1.4631 to 1.5162. ignore it.

USDJPY
down can continue if a strong seller in USDJPY successfully breaks down 119.31.

USDCHF
volatile prices are very high at USDCHF between 0.9631 to 1.0068. not recommended for taking new op on that zone.

Regards.

[FP Representative]

Daily Technical Analysis for Friday, March 20, 2015 - by ForexPeoples.Com | using Daily-TF chart.

EURUSD
EURUSD pair can back down. if the price could go down to 1.0612, then it would be ok to sell.

GBPUSD
the probability of the price down is very large. sell GBPUSD if fibo below 1.4688 was able in translucent by seller.

USDJPY
could have a bullish correction here when USDJPY able to continue to break through to the top of 121.02 today.

USDCHF
we will still call sideways when USDCHF motion still exist between 0.9769 to 0.9982. ignore it.

Regards.

[FP Representative]

Daily Technical Analysis for Monday, March 23, 2015 - by ForexPeoples.Com | using Daily-TF chart.

EURUSD
for EURUSD pair now is likely to correction to down (during the last price move below strong Fibo at 1.0882).

GBPUSD
for GBPUSD pair now downward correction. looking for sell is a great idea, with sl above 1.4989.

USDJPY
there may be a correction to continues bullish at USDJPY when price motion is above 119.81.

USDCHF
looks to be correction to bullish when USDCHF motion remained there on top of 0.9728.

Regards.

[FP Representative]

Daily Technical Analysis for Tuesday, March 24, 2015 - by ForexPeoples.Com | using Daily-TF chart.

EURUSD
we still recommend buy op when motion of EURUSD continues to break through to the top of the strong Fibo at 1.0971.

GBPUSD
now, GBPUSD pair being sideways with narrow price movement between 1.4838 to 1.4974. not good for take new op in that zone. but it would be a good buy if 1.4974 can be penetrated from the bottom later. previous candle shaped bullish pinbar and support bullish.

USDJPY
consolidation is still here and not good for doing new op when price movements in USDJPY still exist between 119.57 to 120.16. please ignore first this pair.

USDCHF
we would advise you to seek sell op in USDCHF if seller successful breaks down fibo 0.9639.

Regards.

[FP Representative]

Daily Technical Analysis for Wednesday, March 25, 2015 - by ForexPeoples.Com | using Daily-TF chart.

EURUSD
there is a "Shooting Star" candle (or so-called bearish pinbar candle) are formed in EURUSD pair daily TF at yesterday. so, most likely the price will continue to down if the seller is able to break through to the bottom of fibo 1.0889.

GBPUSD
very clear that the GBPUSD pair is still likely to continue downtrend. will be ok for sell today if intraday low at 1.4842 is true has been able breakthrough by strong seller later. So, we prepare sell op now.

USDJPY
we would recommend take buy op in USDJPY - only if a strong buyer today is really been able to breakup upward exceed to more up important fibo at 119.98.

USDCHF
yesterday trend is still down, USDCHF price has been able to below its MA 100 (yellow line) near 0.9595. but to be able to continue the downtrend, then this pair should be able to continue to breakdown to bellow strong Fibo (below 0.9535). and on the other hand, during the price movement remained above 0.9535, then carefully with the opportunity to bullish correction first here.

Regards.