31 Mar 2008

Report at 1000hrs
GJ
It still continue to hover in the trading range of 200.5 and 196.4

Today morning, looking at the 1 hour chart, GJ was trading below EMA200, but within an hour, it sailed above EMA200. This give a good for GJ to hold above 198.7.

Looking at the daily chart, resistance is still at 200.5 EMA21.
Support is at 196.4.

GU
Resistance look strong at EMA200 (1 hour chart) at 1.9965, but should GU go up pass this resistance, it can expect EMA200 (daily chart) at 1.9988, then above 2.0000 to 2.0070

Support is at EMA55 (daily chart)at 1.9895

28 Mar 2008

Report at 0900hrs
GJ
It failed to punch through EMA21 (daily chart). The price test the EMA21 and retrace back to the 200.5 resistance level.

It has been a number of days where GJ hovers around 200.5 and 196.4

Beware of a big breakout and it can be in either direction.

Resistance is at EMA55 (daily chart) at 205.2.
Support at 192.5 or even 190.0

GU
There is still uptrench stream, given the strong support at EMA200, EMA100 (all daily chart) at 1.993 and 1.998 zone.

Should it go up, it should close high above 2.0145 and should it break 1.9930, support is at 1.9730

27 Mar 2008

Report at 0830hrs SGT
GJ
Nearing EMA21 on the daily chart.
It could be another day for the price to hover between 200.5 and 194.5

But a breakout is imminent. Should it break up and above 200.5, it can reach 203 than 205.5.
Of course, on the reverse, support is at 194 and 195.

GU
CCI on a daily chart show up trend, but soon it will go into overbought and reverse.
From the daily chart, resistance is at 2.0143 and 2.0270.

A good support is form at EMA200 and EMA100 in the range 1.998 and 1.992, which explain the rebound yesterday

26 Mar 2008

Report at 0730hrs SGT
GJ
GJ hit EMA21 at 200.9, from the daily chart.

It may ir may not have the momentum to punch through - looking at the small candle formation and the tapering of CCI from the daily chart.

Should it go up, it can sustain the movement to EMA55 (daily chart) at 205.45, shich is also a good Fib retracement level.

However, a retracement down is also possible, bring the support at 195.7 (half way mark before low)

GU
The uptrend continue and it manage to clear through EMA200 (daily chart) at 1.997 and the 2.000 mark.

A short retracement to EMA21 (1 Hour chart) at 1.9978, before and should any momentum, to continue hitting the price of 2.0145 (a Fib retracement line taking from 20 mar low to 14 mar high)

Another support is at 1.992 EMA200 (1 hour chart)
Support

25 Mar 2008

Report at 1045hrs SGT

GJ
GJ touch 200 yesterday, but whether it can continue the up trend lies on whether it can beat EMA21 (daily chart) at 200.9. CCI continue to show up trend but may end when in overbought position.

Resistance is at 200.9 (EMA21 daily chart) and at EMA55 (daily chart) at 205.8

Of course, a fall back to support at 195 is a possibility, before hitting low at 192.6

GU
On the daily chart, CCI show up trend.
1.997 (EMA200 daily chart) pose as a resistance for any up movement.

On the support, 1.983 (EMA55 1 hour chart) before 1.973

24 Mar 2008

Report 0800hrs SGT

GJ
Today may be another low volatile day for GJ - Easter Monday Holiday.
Lokoking at the daily chart, a breakout could happen at either 198.3 and 195.0

Should GJ break up, resistance will be at 200.9 (EMA21 daily chart) and should GJ break south, the support will be at 192.5

Should GJ break 192.5, it may make a new low towards 185.0

GU
Looking at the daily chart and making a Fib retracement from 14 Mar High and 20 Feb Low, the first retracemene level is at 1.976, before 1.936

Again looking the daily chart, CCI indicate a uptrend. This means that a possible rebound off 1.976 level and head towards resistance at 1.998 (EMA200 daily chart).

But if rebound failed, CCI will go into oversold position and GU will break 1.976 level and head towards low at 1.936.

20 Mar 2008

Report at 1030hrs SGT
GJ
Yesterday dip after bouncing off the 201 mark, showed that the dive is still strong.
Looking at the daily chart, it could mark a formation of a B-wave and awaiting for a big C-wave down.

Taking a Fibonacci retracement from high of 18 Mar and low of 16 Mar, the support retracement is at 186.6, then 177.4

Today support is at 192.5, a failure in this line will be a confirmation of the C-wave down.

On the reverse, resistance is at 199.6, EMA200 (1 hour chart). 200 is a strong line to break and that will bring hope for a strong upward movement.

GU
GU will continue to move down, gaining support at 1.970, before going to 1.930. Fibonacci retracement from daily chart (High of 14 Mar and low of 5 Mar)

Resistance will be at 1.989 (EMA55 daily chart) and 1.997 (EMA200 daily chart)

19 Mar 2008

Report at 0800hrs SGT
GJ
A big reversal and shot pass the resistance of 200.0. The price now is 201.2 and looking at the 1 hour chart, it is above EMA200.

Should GJ can maintain above this EMA200, which will become the support, GJ can reach 203.

GU
Fed interest rate cut brought down the GU, swinging it below EMA200 at 2.0140 (1 hour chart).

Support is at 2.0003, EMA200 (daily chart), while resistance is at 2.0140 and 2.0280

18 Mar 2008

Report at 12oohrs SGT

GJ
The price is supported currently at around 192. But potentially, GJ may break towards 190.0, then towards 186.0

Looking at the daily chart, CCI is on the up trend.
And looking at the 1 hour chart, resistance is at EMA21 at 195.3, EMA55 at 196.5.

GU
GU rebound off 2.0000. Looking at the daily chart, it tested the EMA200.

Support is at 1.994.

Resistance is at 2.0137 EMA200 using 1 hour chart

17 Mar 2008

Reported at 0800 SGT

GJ
It fell off the cliff at 200!
The next support is at 196 and of course 200 became the resistance. It may be sometime for UK to recover and it look as if the UK economy breakdown first as compare to the Japanese.

GU
Likewise, on Friday, it failed to hit higher than 2.04. Price fell back to 2.02.

Looking at the 1 hour chart, support is at EMA200 at 2.0172. Further support is at EMA200 from the daily at 1.999.

Resistance is at 2.04.

Should GU managed to rebound off either EMA200, it could break high at 2.04.

14 Mar 2008

Report at 1100hrs SGT

GJ
It still continue to hovers around 204 and 203.

Using 1 hour chart, a breakout out of 202.9 or 206.0 will then determine the direction of this pair.

GU
Up trend has soften.

Looking at the 1 hour chart, GU could move down further to EMA55 at 2.026, thento EMA100 at 2.021.

Should a break out above 2.040, potential it will move to 2.0475 (Fib retracement from daily chart).

13 Mar 2008

Report at 0730hrs SGT

GJ
The price refuse another breakout north. The price has been hovering between 208 and 203.5.

From daily chart,
Support is at year low ~203.5 and 203 region.
Resistance at 208.0 then 210.2

From 1 hour chat,
EMA21 to EMA200 offer resistance at 206.5

GU
It shot up another high, after clearing 2.0220 resistance.

Take a Fib retracement (from 20 Feb low to 9 Nov high).
Yesterday it tested the retracement level at 2.0261, the next level is at 2.0473, which will be the resistance for the day.

Looking at the 1 hour chart, support is at EMA21 (2.0200), EMA55 (2.0155) and EMA200 (2.0755).

CCI indicator point to another up trend today.

12 Mar 2008

Report at 0830hrs

GJ
GJ tested its low again at 203, which proved to be a strong support. The price rebound and potentially attempt EMA55 (daily chart) at 210.27

GU
Looking at the 1 hour chart, WMA5 now sandwich between EMA100 and EMA200 at 2.0096 and 2.0046.

Just below the EMA200 (1 hour chart) is the support at 2.0000, which GU tested it but failed to clear it and rebound.

Looking at the daily chart, should GU clear the price at 1.995 below the EMA200 and the 2.0000 support price, it will also face EMA100, around the price range of 1.990.

Should GU break north, it has to clear 2.011 and also the high at 2.0220, before potential going higher towards 2.030

11 Mar 2008

Report at 0800hrs SGT

GJ
It did a big dive down yesterday.
From the daily chart, GJ has the momentum to contiune its downward climb should be break year low at 203.5 or around 203. Support at 200.0

Resistance at EMA21 (1 hour chart) at 205.2 and EMA200(1 hour chart) at 206.5 should GJ reverse today and bound off year low support.

GU
It did a consolidation yesterday. The trend may contine and take support at EMA200 (daily chart) at 1.998, thus should it rebound from here, this will form the B-wave.

Looking at the 1 hour chart, WMA5 hovers between EMA100 and EMA200, 2.011 and 2.0036.
Should the price break at 2.014, resistance will be at 2.022.
Should the price break 2.0030, support will be at 1.998

10 Mar 2008

Reported at SGT 1200hrs

GJ
It has been consolidating for the last days, after bouncing off the year low support at 204/204.

A good breakout north will give GJ a hit towards EMA55 (daily chart) at 210.5.
On the other hand, shoulg GJ break the support at 203, iGJ will make new low at 200.

Looking at the 1 hour chart, it confrim the consolidation, with all the EMAs close to each other. A good price for break out is above EMA200 at 206.86 and at 206.1 (below EMA21)

GU
Looking at the daily chart, CCI indicate a reversal down.
After the recent days of climb, GU may take a breather.

Loking at the 1 hour chart, EMA21 offers the first support at 2.0165 and EMA55 offers support at 2.0137.

Of course on the upper side, GU has the potential to reach 2.0300

7 Mar 2008

Report at 0700 SGT

GJ
Looking at the daily chart, GJ is now making a B-wave down, before the next C-wave.

Support is attained at ~205 (Fib Retracement) and should the C-wave form, the price should head toward EMA21 (daily) at 208.4 then EMA55(daily) at 2011.5.

The 1 hour chart confirmed the consoldiation - WMA5 sandwiched by EMA200 at 207.0 and EMA100 at 206.0. Should the price breakout, it will gain monemtum towards the support and resistance mentioned in the above paragraph.

GU
Finally, a break from 2.0000!

But looking at the daily chart, WMA5 has not cross EMA200, which means today the price will consolidate. There may be some retracement after yesterday long candle.

It should find some support at 2.0005 and 1.9996 range (EMA200 and physchological 2.0000)

The price has the momentum to continue up, just by comparing the strength of EUR/USD reaching new high! GU has the potential to climb to 2.0325 (Fib Retracement)

Looking at the 1 hour chart, it seems that the bull is still raging up! The 1 hour chart shows and confirm the support at 2.0032 (EMA21) and 1.9955 (EMA55)

6 Mar 2008

Time SGT 0945hrs (computer very slow, so no pics)
GJ
Looking at the daily chart, CCI is still gaining strength. But of course, the price tested EMA21 (daily chart) with a day high of 207.77 and now fall back to 206.55.

I am expecting some form of slow down today, or even a down candle, but in general, GJ will attempt to at least sail towards EMA55 (daily chart) at 211.3

The hour chart support the above claim. WMA5 (1 hour chart) now lies between EMA200 and EMA100 (1 hour chart). Should the price break above 207.77, it will continue towards 211.3. But should today, the price break 205.5, clearing EMA55 and EMA21 (1 hour chart) at the same time (which can be difficult), it will find support at 204.3 (year low).

GU
A big dogi formation looking at the daily chart, which means buyer and seller on par. Buyer trying to break the EMA200 (daily chart) at 1.997 and seller trying to break the EMA100, EMA55, EMA21 (daily chart) at 1.972. It ended with the WMA5 still in between EMA100 and EMA200 (daily chart).

Looking at the 1 hour chart, WMA5 is now above all the EMAs. This means that potentially the price may hovers around EMA200 (daily chart) at 1.997 and EMA200 (1 hour chart) at 1.982.

Should price sail pass 1.997, it will find resistance at a good 2.03, a big fibonacci retracement! Take a half way mark for profit.

Should the price break below EMA21 (daily chart) at 1.972, it will find support at first 1.9667, then 1.9600

5 Mar 2008

Singapore Time 0700hrs
GJ

Take a look at the daily chart

Price now is ~205.4

Year low happens to be around 203/204 and that provided a good support. In addition, the CCI indicator showed a turn around.

The next resistance is at EMA21 (daily chart, above) at 208.6

Of course, in the down side, GJ may attempt to slide below 203 and made a move towards 200, but look unlikely today. Again, 203 proved to give the support. Take a look at the 1 hour chart.
From the 1 hour chart, WMA5 has cleared EMA55 (1 hour chart) and look likely to attempt EMA100 and EMA200 (1hour chart). In addition, EMA21 is also attempting to clear EMA55. GJ therefore look more to move up than down today (technical speaking).

GU
Take a look at the 1 hour chart.



WMA5 is sandwiched between EMA200 and EMA100/EMA55/EMA21.

Yesterday is another attempt by GU to breakout north, but failed.


Resistance is set at 1.990 but will face another tasked of breaking the daily EMA200 at 1.996. See chart below.



On the other side, should the price break EMA200 (1 hour chart ) at 1.981, it will gain support at EMA55 (daily chart) at 1.975

4 Mar 2008

GJ
GJ make a new year low yesterday, hitting 203.48. It rebounce off this support and head straight towards EMA21 (1 hour chart).

Of course, it is always two things would happen - up or down. The price now hovers between EMA21 and EMA55 (1 hour chart).

Should the price turn down and sail towards 203.0, it will gain momentum to hit towards 200

Resistacne line is at EMA100 (1 hour chart) at 206.3

GU
GU price nows hovers between EMA100 and EMA200 ( 1hour chart). The channel has been closing and a breakout would happen.

Should the price clear 1.980, it will it supported at 1.975 (EMA55 daiy chart) before deciding to rebound up or continue its road south.

Should the price break 1.987, it will gain momentum to hit 1.996 (EMA200 daily chart) and potential clear 2.000

3 Mar 2008

GJ
It did a dive all the all to its year low at 204.6. The price this morning hit 204.4.

Support will lies at 204.4 and should GU break this price, a record low will be set at 200!
Of course, a likely reversal towards EMA21 (dailychart) at 209.3. Wait for CCI to reverese before placing long position.

GU
From the daily chart WMA5 nows sandwich between EMA100 and EMA200. A likely consolidation before a breakout would occur.

Resistance is at EMA200 (daily chart) at 1.997 and support is at EMA55 and EMA21 (daily chart) at 1.974

Wait for breakout for a clear GU direction.