Technical analysis on EU,GU and major pairs

[johny5]

EUR/USD wave analysis for January 25, 2011

Having slightly declined in early trading, the EUR/USD pair managed to gain 1.5 figures later in the day. At the same time, now waves 1 and 3 in the estimated are almost equal, based on this soon beginning of formation of the 4th corrective wave in this might be expected. It is worth mentioning that given the current situation, it still might try to reach the target level near 1.3830.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

GBP/USD review for January 27, 2011

On todays GBP/USD graph I see consolidation.
If the 1.5830 level is broken, further decline to 1.55 with 1.5350 as the next target should be expected.
If the level is not broken, the target will be 1.61.
Sell up to 1.5830, if it is not broken buy from the 1.5830 level.
Below the 1.58 level consider selling again, but a rebound upside to 1.60 is also possible before the European session, now I see the resistance level 1.5925.
Sell the GBP/USD near 1.5970.

Performed by Alexander Sonich, Analytical expert

 

[johny5]

The EUR/USD technical analysis and trading recommendations for January 27, 2011

Overview:
The euro is still in the upside movement, the target level has been already passed, but there are no signs of completing movement. The formed signal is strong and confirmed since the Chinkou Span fixated above the price graph and the price is above the Ishimoku cloud. Thus, at the moment the first target for the upside movement is 1.3748 the first resistance level. If this level is passed the next target will be the second resistance level at 1.3877. The upside movement continues while the price is above the Kijun-Sen(1.3580), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span fixed above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuing upside movement, the lines are diverging again and directed up. The MACD is descending, however, we do not see the price moving down, which means that the indicator is resetting accumulated parameters, therefore it is might not be taken into consideration at the moment.


Trading recommendations:
Currently it is recommended to trade up with the target to 1.3748, and further to 1.3877. Stop Loss should be placed below 1.3580.

Performed by Stanislav Polyanskiy, Analytical expert

 

[johny5]

GBP/USD wave analysis for January 28, 2011

The GBP/USD currency pair missed a few pips to reach the 1.6000, initiated a rollback and declined by almost a figure. However, in the current upside section the pound has a real chance to test early highs near 1.6055 and reach 1.6060, having formed a five-wave uptrend structure, developing since December 28. At the same time, the price still has potential to form a more complex inner wave structur of the 4th wave by declining to targets near 1.5700.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

EUR/USD wave analysis for January 28, 2011

During yesterdays trading the EUR/USD currency pair has finally reached the correction level 76.4%. At the same time, inner wave structure of the 5th wave in the estimated c does not look complete at the moment. It is worth mentioning that complex inner structure of the 5th wave gives the euro an opportunity to continue growth to the respective parity of the waves a and c near the 1.3830 level. However, given strongly overbought indicators, a reverse of the price down after another attempt to pass the 1.3740 1.3755 level.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

EUR/USD wave analysis. Week review. 2011-01-31

The EUR/USD has tested the correction level 61.8% and demonstrated an intention to decline in the end of the previous week. Thus, current wave situation considers the beginning of the downside movement as the most likely option. At the same time, if the tendency develops, then January 27 high 1.3755 can be considered as the top of the B wave of a quite prolonged downside correction structure. In this case targets for the future C wave might be located below the January 9 low (1.2870). At the same time, given complex situation on the financial markets, the price might resume growth in favour of the euro by forming a more complex inner wave structure of the estimated wave in the B.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

GBP/USD wave analysis. Week review. 2011-01-31

The GBP/USD pair continued to decline further from the tested level that equals to the correlation between the 1st wave (a) and the 3rd (c) as 2.00. At the same time, the price cannot break outside the boundaries of the upside channel, that began December 28, which allows us to suppose the possibility of continuing uptrend directed to targets above the November high 1.6300 and forming five-wave structure. On the other hand, in case recent dollar-favoured tendencies strengthen, the price might decline further in the range of the future C and reach the targets below this December low at 1.5345.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-02-01

The spot rate is currently testing the upper limit of its medium-term bullish channel at 1.6085 suggesting a decline in the short term. However a break of these levels would release a significant upside potential.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6085 with a 1st objective of 1.6160, then 1.6180. A break in 1.6060 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Monthly Forecast for February 2011-02-01

MONTHLY OUTLOOK :

It seems that this pair wants to re-test the Triangle Resistance for the fifth time. As long as the 1.3757 level can be broken by this pair, there will be a change in the character of this pair to Bullish at least until November 2010. On the Bar Monthly calender 1.4281 will be the first target before it hits the Triangle Resistance. However if the EUR/USD can break out and close below 1.3545, this will cause this pair to go down to 1.3416 as the first target and 1.3313 as the second target.

Performed by Arief Makmur, Analytical expert

 

[johny5]

The EUR/USD technical analysis and trading recommendations for February 2, 2011

Overview:
The euro has resumed upside movement, the correction was not deep and the sell signal was not supported by the respective level. The formed buy signal is strong and confirmed since the Chinkou Span fixated above the price graph and the price is above the Ishimoku cloud. Thus, at the moment the first target for the upside movement is 1.3853 the second resistance level. If this level is passed the next target will be the third resistance level at 1.3958. The upside movement continues while the price is above the Kijun-Sen(1.3720), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span fixed above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuing upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement.


Trading recommendations:
Currently it is recommended to trade up with the target to 1.3853, and further to 1.3958. Stop Loss should be placed below 1.3720. If the MACD reverses down, long positions should be cut manually.

Performed by Stanislav Polyanskiy, Analytical expert