Technical analysis on EU,GU and major pairs

[johny5]

EUR/USD Corrective Movement, Janaury 17, 2011 (Weekly Strategy

EUR/USD

The 1.3380 resistance level is a real test for the Euro United States dollar pair on its way towards the previous highs around 1.4000. For now, the pair has entered an especially narrow shuffle, which may end in an upwards breach, first towards near resistance level of 1.3620, and later up to the resistance level and exit goal of 1.3970. A close above the 1.3390 level will form a buy trigger.

The possibility for worsening of the European debt crisis exists. Such development would lead to a new wave of downwards movement, expected to bring the Euro United States dollar pair back towards the 1.3060 support level. This level is low enough for collecting the pair and entering a buy position, while a stop loss order may be placed at 1.2800 United States dollars for one Euro.

Performed by Gerardo Porras Palomino, Analytical expert

 

[johny5]

EUR/USD wave analysis for January 18, 2011

The EUR/USD has declined further, supposedly forming a corrective structure of the 4th wave of the whole uptrend section. At the same time the price decreased by 120 pips and tested the estimated correction level 38.2%. In general this 4th wave looks quite complete at the moment, including wave set abc. Based on this we can expect resumption of the growth with likely retesting of the 1.3460 level. However, the price can still form a five-wave structure in the range of the current downside movement.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

GBP/USD wave analysis for January 18, 2011

The GBP/USD currency pair has finally reached the estimated target level 1.5920. At the same time, the whole wave structure of the local uptrend is quite complex and it allows that the quotes continue growth in the range of the estimated 3 wave (b, or 3rd). On the other hand, based on wave counting, the pound price might start decreasing from yesterdays high (1.5955) up to the 57 figure level.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

GBP/USD wave analysis for January 19, 2011

During yesterday's trading the GBP/USD pair continued to advance and gained 150 pips. At the same time the upward movement was located within the estimated 3rd wave (b, or 3rd) forming inner wave structire of its 5th wave. If so, this 3rd looks pretty complete, which implies certain decline before the pound tries again to test the 1.6055 level, reached yesterday. Moreover, MACD divergence indicates possible decline.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

EUR/USD wave analysis for January 19, 2011

In general, as expected, the EUR/USD pair resumed growth and managed to test the 1.3460 level, reached earlier. At the same time the 4th wave of the current uptrend section can be considered complete; the euro is probably continuing to advance in the range of the 5th wave. Moreover, given the wave dimension of the uptrend and the 5th wave structure we can suppose that targets for the whole upside movement of the pair might be located near 1.3490-1.3510.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

GBP/USD Technical Correction, Janaury 20, 2011 (Daily Strategy)

There exists a serious possibility for a corrective wave of downwards movements, which can technically move as far down was the low support levels of 1.5590 United States dollars for one British pound.

while failing to breach the resistance level 1.6050, leads us to the conclusion that the upwards movement is over and a technical correction is about to begin. Any upwards movement to 1.6040 can be utilized to form a new sell position. Further, a breach of the nearby 1.5900 support level will back the expected downwards movement.

Performed by Gerardo Porras Palomino, Analytical expert

 

[johny5]

EUR/USD Fractal Analysis , Janaury 20, 2011 (Daily Strategy)

EUR/USD

Today, the important levels for EUR/USD are 1.3538, 1.3465, 1.3456. A short-term high is expected in the range of 1.3538-1.3570, An impulsive descendant movement can take place after the breakout of 1.3414, here potential target is 1.3240.

Performed by Gerardo Porras Palomino, Analytical expert

 

[johny5]

GBP/USD, target at 1.61 2011-01-21

The rally is coming to an end, the pair is most likely to reach new highs this weeks.
This week the GBP/USD has been obviously in the lead.
However, on a week graph the Ishimoku indicator showed a downward signal. It is possible that reaching of the 1.61 level will target sells to 1.5650 before Monday.
I will buy and fixate near 1.6060, and here I am going to place sell orders up to 1.5650 and leave them till Monday.
On a 1-hour graph the RSI is indicating the bullish trend also supported by the MACD, which gave a buy signal in the Asian session.
Thank you for your attention.

Performed by Alexander Sonich, Analytical expert

 

[johny5]

EUR/USD wave analysis for January 21, 2011

Having initiated a rollback from the Wednesdays high 1.3540, the EUR/USD pair is trying to form first waves of the future downward section which can be considered as a corrective structure. At the same time such downside movement might develop in the direction of the correction level 50.0%, which was calculated based on the whole growth of the euro in the section between January 10 and 19.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-01-25

The spot rate is currently testing the upper limit of its medium-term bearish channel at 1.6020. A break of these levels would free up significant potential.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6020 with a 1st objective of 1.6090, then 1.6120. A break in 1.5990 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert