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Articles by Mohammed Isah

April 10th, 2007 @ 11:17 am by Mohammed Isah

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Mon, 09th of April, 2007 6:57 am EST
TODAY’S FOCUS: EURUSD & GBPUSD
EUR Looks Vulnerable Nearer Term

EURUSD-After seeing a failure above 1.3400 level and closing lower at 1.3378 on Friday,EUR may likely face downside pressure nearer term as evidenced by its daily momentum indicators which are now beginning to point lower. In the short term the pair maintains its upside tone as long as its support zones at 1.3296/87, its Jan 02’07 high/Mar 30’07 and 1.3245/59 levels, 20’06 high/.50 Ret (1.3071-1.3441 rally)/Feb 27’07 high contain any downside weakness. The mentioned 1.3245/59 zone serves as a trigger for further downside losses towards its .618 Ret (1.3086-1.3410)/broken trendline at 1.3220/06 ahead of 1.3171/89 levels, its .618 Ret (1.2867-1.3363)/Feb 20’07.Conversely, maintaining at the current levels should put the pair on the path to challenging its Mar 22’07 high/April 05 high at 1.3410/41 with a break of there if seen opening the way for moves towards 1.3483 level, its Mar’05 high before its Dec’04 high at 1.3668.On the whole,EUR requires a return to 1.3441 high set last week followed with a break and close above it to bring the resumption of its medium and short term uptrend towards 1.3483 high.

Support Comments
1.3363 Dec’06 high
1.3296/87 Jan 02’07 high/Mar 30’07
1.3245/59 20’06 high/.50 Ret(1.3071-1.3441 rally)/Feb 27’07 high
1.3171/89 .618 Ret (1.2867-1.3363)/Feb 20’07

Resistance Comments
1.3410/41 Mar 22’07 high/April 05’07 high
1.3483 Mar’05 high
1.3668 Dec’04 high
1.4160 1995 high

GBP Continues To Push Lower

GBPUSD-GBP followed through to the downside on Friday on the heels of its Wednesday losses closing the week at 1.9653.This continuation of its decline from 1.9824 high set last week suggests that its nearer term downside looks to continue towards 1.9571/52 levels, its Mar 26’07 low/Dec’04 high/daily 50 ema followed by its Mar 16’07 high at 1.9505.Breaking below here targets 1.9460, its Dec 18’06 low and then the 1.9401/33 zone, its Feb 13 & 19’07 lows/ Mar 12’07 high.Additionally,its daily momentum indicators remain in support of this view. On the upside, initial barrier is seen at its Feb 15 & 27’07 highs at 1.9673/77 with a break of there putting the next upside gains at 1.9726/20 zone, its Mar 22 & 26’07 highs/.382 Ret (1.9744-1.9824 rally) ahead of its April’07 high at 1.9824.Beyond here lies 1.9915, its 2007/14-year highs and 2.0000, its psychologically important level. Overall, although a set back is in place nearer term, longer term bullish structure continues to be maintained by the pair.

Support Comments1.9571/59 Mar 26’07 low/Dec’04 high
1.9505 Mar 16’07 high
1.9460 Dec 18’06 low
1.9401/33 Feb 13 & 19’07 lows/ Mar 12’07 high

Resistance Comments1.9726/21 Mar 22 & 26’07 high
1.9673/77 Feb 15 & 27’07 highs
1.9748/78 Feb 02 & 07’07 highs
1.9824 April 03’07 high

Mohammed Isah
Market Analyst
FX Instructor LLC
misah@fxinstructor.com
www.fxinstructor.com

The information has been prepared for information purposes only. The document is not intended as personalized investment advice and does not constitute a recommendation to buy, sell or hold investments described herein. This information contained herein is derived from sources we believe to be reliable, but of which we have not independently verified. FXInstructor LLC assumes no responsibilities for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon this information. FXInstructor LLC does not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within these materials. FXInstructor LLC shall not be liable for any indirect, incidental, or consequential damages including without limitation losses, lost revenues or lost profits that may result from these materials. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results

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April 2nd, 2007 @ 12:06 pm by Mohammed Isah

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Fri, 30th of March, 2007 3:05 am EST
TODAY’S FOCUS: EURUSD & GBPUSD
EUR Continues To Look Vulnerable Nearer Term

EURUSD-Although EUR took back some of its Wednesday’s gains at the end of Thursday closing session, it still remains vulnerable to the downside targeting its .50 Ret (1.3071-1.3410 rally)/Dec 20’06/Feb 27’07 highs at 1.3240/59 unless a close above 1.3363/73, its Dec’06/Mar 28’07 highs is seen. If this occurs, a run at 1.3410 levels, its 2007 high could follow with a break paving the way for further gains towards 1.3483 levels, its Mar’05 high ahead of 1.3668, its Dec’04 high. In addition,its weekly stochastics indicator remains positive supporting this view. On the contrary, if the 1.3240/59 zone succumbs to downside pressure,then the next two downside objectives lies at its .618 Ret(1.3071-1.3410 rally)/broken falling trend at 1.3214/02 and 1.3171/89 levels, its .618 Ret (1.2867-1.3363)/Feb 20’07 high. Below there comes another solid support at 1.3080/52 zone, representing its Feb 22’07 low/Dec 18’06 highs/range breakout point/Mar 06’07 low. On the whole, EUR requires a break and close above its Mar 28’07 high at 1.3373 to create more room for gains towards 1.3410 and beyond.

Support Comments

1.3296 Jan 02’07 high
1.3230/59 Dec 20’06/Feb 27’07
1.3216/02 Broken trendline/.618 Ret(1.3071-1.3410)
1.3171/89 .618 Ret (1.2867-1.3363)/Feb 20’07 high

Resistance Comments

1.3363 Dec’06 high
1.3410 2007 high
1.3483 Mar’05 high
1.3668 Dec’04 high

GBP Eyes 1.9571/52 Zone

GBPUSD-After an intra day recovery to as high as 1.9658, GBP gave back most f those gains to close Thursday trading session at 1.9614.The pair remains exposed to downside risks nearer term towards 1.9571/52 zone, its Mar 26’07 low/Dec’04 high except a turnaround is seen taking its above its Feb 15 & 27’07 highs at 1.9673/77.Until that happens, focus remains on the downside nearer term with a break of 1.9571/52 opening the door for further downside losses aiming at its daily 50 ema/Mar 16’07 high at 1.9516/05 followed by 1.9460, its Dec 18’06 low. Breaking and holding below there expose support levels located at 1.9401/33 zone, its Feb 13 & 19’07 lows/ Mar 12’07 high and its Mar’05 high at 1.9326.While overbought remains a factor on the daily time frame, its RSI indicator points to the downside suggesting more downside pressure. On the upside, if invalidation of 1.9673/77 zone materializes, the next upside target to aim at is the 1.9748/78 zone, its Feb 02 & 07’07 ahead of a key resistance level at 1.9915, its 2007/14-year highs and then its psychological resistance at 2.0000.In conclusion, GBP requires a close above 1.9726/21 levels to increase its chances of pushing for further upside gains.

Support Comments

1.9571/55 Mar 26’07 low/Dec’04 high
1.9524/05 Falling Trendline/ Mar 16’07 high
1.9460 Dec 18’06
1.9401/33 Feb 13 & 19’07 lows/ Mar 12’07

Resistance Comments1.9673/77 Feb 15 & 27’07 highs

1.9748/78 Feb 02 & 07’07 highs
1.9915 2007/14-year highs
2.0000 Psychological Resistance

Mohammed Isah
Market Analyst
FX Instructor LLC
misah@fxinstructor.com
www.fxinstructor.com

The information has been prepared for information purposes only. The document is not intended as personalized investment advice and does not constitute a recommendation to buy, sell or hold investments described herein. This information contained herein is derived from sources we believe to be reliable, but of which we have not independently verified. FXInstructor LLC assumes no responsibilities for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon this information. FXInstructor LLC does not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within these materials. FXInstructor LLC shall not be liable for any indirect, incidental, or consequential damages including without limitation losses, lost revenues or lost profits that may result from these materials. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results

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March 28th, 2007 @ 10:59 am by Mohammed Isah

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Tue, 27th of March, 2007 7:19 am EST
TODAY’S FOCUS: EURUSD & GBPUSD
EUR Bounces Off 1.3240/59 Zone

EURUSD-EUR short to the upside on Monday challenging the 1.3338/42 levels, its Mar 16 & 26’07 highs following a bounce from an intraday low of 1.3253.The pair remains constructive on the upside having formed a bullish engulfing candle pattern at the end of yesterday’s trading session suggesting that a convincing break of 1.3338/42 zone leading to gains towards its Dec 04’06 high at 1.3363 and a likely retest of its recent high at 1.3410 could be shaping up. In such a case, a break and close above there (1.3410) exposes the 1.3483 level, its Mar’05 high ahead of a stronger resistance at 1.3668, its Dec’04 high. In addition, its weekly stochastics remains supportive of this view. The first downside target is seen at its Jan 02’07 high at 1.3296 with a break opening the door for additional losses towards its .618 Ret(1.3071-1.3410 rally)/Dec 20’06/Feb 27’07 highs at 1.3240/59.If this zone gives way, then the next two downside targets lie at 1.3171/89 levels, its .618 Ret (1.2867-1.3363)/Feb 20’07 high and 1.3080/52 zone, representing its Feb 22’07 low/Dec 18’06 highs/range breakout point/Mar 06’07 low. On the whole, having pushed back above 1.3300/38 zone,EUR should now target 1.3363 and 1.3410 resistance zones.

Support Comments

  • 1.3296 Jan 02’07 high
  • 1.3230/59 Dec 20’06/Feb 27’07
  • 1.3220/02 Broken trendline/.618 Ret(1.3071-1.3410)
  • 1.3171/89 .618 Ret (1.2867-1.3363)/Feb 20’07 high

Resistance Comments

  • 1.3363 Dec’06 high
  • 1.3410 2007 high
  • 1.3483 Mar’05 high
  • 1.3668 Dec’04 high

GBP Pushes Towards 1.9700/26 Levels
GBPUSD-GBP like its EUR counterpart reversed off its intraday low at 1.9571 to close Monday session at 1.9693.It has in early morning trading today pushed lower towards 1.9620 levels signifying that a second failure in a week ahead of 1.9748/78 zone, its Feb 02 & 07’07 highs could be in the offing.GBP requires a decisive clearance of 1.9726,its Mar 22’07 high to establish that correction off its recent high at 1.9726 has ended at 1.9571 low and bring upside gains towards 1.9748/78 zone, its Feb 02 & 07’07 highs where a break must occur in order for the pair to resume its short term uptrend targeting its 2007/14-year highs at 1.9915 followed by its psychological resistance at 2.0000.Its weekly studies remain supportive of this view. On the downside, its initial support comes in at 1.9571/55,its Mar 26’07 low/Dec’04 high. Below here shifts focus to its daily 50 ema/Mar 16’07 high at 1.9507/05 with a violation of there clearing the way for more downside losses towards 1.9460, its Dec 18’06 low and then 1.9401/33 zone, its Feb 13 & 19’07 lows/ Mar 12’07 high ahead of its Mar’05 high at 1.9326.Daily stochstics is in an overbought territory suggesting nearer term upside limitation may be seen. On the whole, maintaining above 1.9552/05 zone calls for further upside pressure towards 1.9748/78 and beyond.

Support Comments

  • 1.9571/55 Mar 26’07 low/Dec’04 high
  • 1.9524/05 Falling Trendline/ Mar 16’07 high
  • 1.9460 Dec 18’06
  • 1.9401/33 Feb 13 & 19’07 lows/ Mar 12’07

Resistance Comments

  • 1.9673/77 Feb 15 & 27’07 highs
  • 1.9748/78 Feb 02 & 07’07 highs
  • 1.9915 2007/14-year highs
  • 2.0000 Psychological Resistance

Mohammed Isah
Market Analyst
FX Instructor LLC

misah@fxinstructor.com
www.fxinstructor.com

The information has been prepared for information purposes only. The document is not intended as personalized investment advice and does not constitute a recommendation to buy, sell or hold investments described herein. This information contained herein is derived from sources we believe to be reliable, but of which we have not independently verified. FXInstructor LLC assumes no responsibilities for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon this information. FXInstructor LLC does not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within these materials. FXInstructor LLC shall not be liable for any indirect, incidental, or consequential damages including without limitation losses, lost revenues or lost profits that may result from these materials. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results.

Click here to read the full article.

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