Daily analysis for major currencies 2013.09.04

USDCHF:

general trend is to the upside. Break below(0.9331) may trigger further fall.

Going above nearest Resistance  level at (0.9410),

however would confirm continuation of the bullish trend,

 towards next objective upwards (0.9445). We will try to buy

USDCHF from our mentioned support levels.

Our View:

Pivot: 0.9331
Entry: Long positions above 0.9331
Targets: 0.9375 and 0.9410 then 0.9445 in extension                         

Stop: below 0.9300

Alternative scenario: break below 0.9300 may put  0.9285

 where Re-entry Long at level ( 0.9285+0.9233)/2 = 0.926

Res:0.9384 - 0.9403 - 0.9426 - 0.9448

Sup: 0.9342 - 0.9319 - 0.9300 - 0.9260

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EURUSD:

remains intact; targeting (1.3139) then (1.3102).

A close above (1.3200) resistance area will extend gains to (1.3316)

Sell on rally for today with a stop loss above (1.3200)

Our View:

Pivot: 1.3200

Entry: short positions below 1.3200

Targets: 1.3102 and 1.3061 then 1.3020 in extension

Stop:  above 1.3235

Alternative scenario: break above 1.3235 may call for 1.3275

where Re-entry short if first position done it stoploss

Res: 1.3197  1.3225  1.3255  1.3285

Sup: 1.3139  1.3110  1.3081  1.3025 

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GBPUSD:

could be seen during current session

(particularly if it succeeded to maintain prices below (1.5610

proper confirmation would occur if the GBPUSD will manage to

fall beyond the (1.5528) support level. Look for

short positions for today`s trading session

Our View:

Pivot: 1.5600                                                           

Entry: short positions below 1.5600

Targets: 1.5503, 1.5471, 15428 then 1.5265 in extension  

Stop: above 1.5635

Alternative scenario: break out 1.5600 will call for 1.5635

where you Re-entry short if first position done it stoploss

Res: 1.5598  1.5640  1.5678  1.5717

Sup: 1.5518  1.5480  1.5438  1.5356  1.5314

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Attention to ECB and BOE today's meetings 

 wish you good daytrade

 Yehia Noor.