29 Apr 2008

Reported at 1000hrs

GJ

Looking at the Daily chart

WMA5 is above EMA100. Will it be supported there?

CCI is tapering side way. So will there be a trend in any direction?

The signs above look like there will be a weakening of upward trend. WMA5 though it zoom above EMA100 yesterday, but it has failed to sail pass it with any energy, looking at the doji the chart formed - indicating that sellers are coming in. There is also a lot of up movement recently and some form of consolidation is needed.

Support is at EMA100 (daily chart) at 206.9, then at EMA55 at 204.2

Resistance is at EMA200 (daily chart) at 214, provided it sail pass 209 (peak of 18 Apr), then 211 (half way mark), which offered alternate resistance.

Looking at the 1 hour chart:

It show a support first at EMA100 (1 hour chart) at 207.1 and at EMA200 (1 hour chart) at 206.4

Failing these support would means a downward movement to 204.2.

On the other side, should price break above 208.8 (peak for yesterday), there are chances for movement towards 211.0, then to 214.0

GU

Looking at the daily chart, it will probably another day od side movement.

Resistance is at EMA200 (daily chart) at 1.9950, then at 2.000.

Support is at 1.9780, then at 1.9600

28 Apr 2008

Reported at 0730hrs

GJ
Price of GJ has climbed, but WMA5 stop short at EMA100 (daily chart).

Should WMA5 punch through EMA100, GJ can reach 214 at EMA200. But from now at price 207 to 214 is too big a climb for GJ in 1 day. Give a half way make at 210 or 211, should set the resistance.

On the other side, WMA5 can rebound EMA100 and head back to EMA55. That bring the support at 204.

CCI shows a side movement.

GU
CCI showed a down trend.

Resistance is at EMA100 (daily chart) 1.9880 and EMA200 (daily chart) at 1.9940.

Moving down, support is at 1.9670 and 1.9600, (Fib retracement).

18 Apr 2008

It has been sometime that I have reported. Busy with an engineering project.

Reported at 0800hrs SGT
GJ
It made a big move yesterday. But looking at the daily chart, the price shot passed EMA55 heading towards EMA100, but the WMA5 has just crossed EMA21! It may not cross EMA55 today. What this means is that the price does not have the potential to hit EMA100 before a rebound occur.

Resistance is at EMA100 (daily chart) at 206.8. Support at 202.2 near EMA55.

GU
This pair made big moved up.
Daily chart CCI showed movement up before getting into an overbought position.

Clearly at the daily chart, EMA200 will post as a resistance at 1.9950, than 2.0000
Support at 1.9760, 1 hour chart EMA200.

9 Apr 2008

Reported at 1200hrs SGT
GJ
Looking at the daily chart, CCI showed a down trend. It would continue to go down, gaining support at 200.3 (Fib retracement from 4 Apr peak to 16 Mar low), then 198.8, then 197.3.

Can it go that low today? Well for this pair a movement by 300 pips is nothing!

Of course, it can rebound off EMA21 (dailychart) at 201.4 and head back to EMA55 (dailychart) at 203.8.

The hour chart showed resistance at 202 (EMA200), then 202.55 (EMA100)

GU
Looking at the daily chart, CCI is on the down trend, but momentum is slowing as GU may soon hit a oversold position and rebound.

How low can it still go? After last night low at 1.9670, price has been hovering there. Support is at 1.9600, then 1.9450, based on Fib retracement peak 27 Mar and low 20 Mar.

Looking at the 1 hour chart, we see resistance at EMA21 (1.9700), EMA55 (1.9780), EMA100 (1.9825) and EMA200 (1.9860).

8 Apr 2008

Reported 0730hrs SGT

GJ
Looking at the daily chart, it is like a tug of war. It is undecided to clear the EMA55 (dailychart) and looked as if WMA5 would rebound and hit EMA21 (dailychart)

Support is at 201.7, while resistance (should WMA5 break EMA55) goes to 206.6 then 208.5

7 Apr 2008

Reported at 1030hrs SGT
GJ
A consolidation was made with a down candle on Friday. This could be a part of the B-wave, before a big C-wave up and provided GJ clear EMA55 at 204.0 (daily chart). It could reach EMA100 (daily chart) at 208.5.

It may take a few days for consolidation, putting GJ in between the price range 204 and 201.5, EMA55 and EMA21 (daily chart). There is of course possibility of GJ breaking EMA21, thus bring the price to 197.1

For today, resistance is at 206.6 (resistance during 02-10 Mar), then 208.5 (EMA100 daily chart)
Support is at 202.4 (WMA100 1 hour chart), then 201.7 (EMA200 1 hour chart)

GU
GU is moving down as seen from CCI.

Looking now at the 1 hour chart, WMA5 has break EMA200.
Support is at 1.9870 and 1.9840.

This ring the resistance at 1.9920 (EMA 100/ EMA200)

4 Apr 2008

Report at 1000hrs SGT

GJ
Big move up, clear EMA21 (daily chart). It is now testing EMA55 (daily chart) at 204.1.
Looking at the WMA5, it is still below EMA55 and should it clear EMA55, price could reach resistance at EMA100 at 208.8.

To 208.8 is a big move, but GJ is capable of doing so. It may however, halt half way at 206.2 or 206.4.

On the reverse side, GJ may failed to punch through EMA55. If it is so, the price may fall back to support at EMA21 at 200.7.

The price now is around 204.1 to 204.4 region, which is the support before GJ did a dive to 200, then to 195. As such, there is a likelihood that GJ may take a breather. CCI showed tapering off, coming to a overbought position. If so, reversal would take place.

GU
GU did a good up yesterday, the price stop at 1.9980.

Support is at EMA200 (1 hour chart) at 1.9900 and EMA100 (1 hour chart) at 1.9880.

CCI showed momentum to go up. If so, it can easily break 2.0000 and hit to 2.0040 (Fib retracement)

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