Technical analysis on EU,GU and major pairs

[johny5]

The market manipulations analysis of the EUR/USD

The euro declined from the forecasted levels; since the US session we have seen an advance, break of the trading range and fixation above it. Now I am expecting a test of the support zone near 1.3510-1.3535. Further we are likely to see growth (if the price declines below this zone, the growth can be continuous).

Trading recommendations:

-buy after successful testing of support levels wath a target at 1.3630

Performed by Alexey Portnov, Analytical expert

 

[johny5]

EUR/USD wave analysis for February 18, 2011

Yesterday the EUR/USD currency pair was trading near the 36 figure, continuing to form an inner wave structure of the estimated upside correction. At the same time, given the correlation between its waves a and c we can suppose that targets for such growth might be located in the range between 1.3610 and 1.650, and further to 1.3700.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

GBP/USD wave analysis for February 18, 2011

In spite of the recent dynamic decline of the price, yesterday the GBP/USD currency pair did not manage to develop a downside movement and by the end of the day reached Wednesdays highs near the 1.3180 level. At the same time, the pound has another opportunity to overcome the February 3 high 1.6275 and form a quite complicated wave structure of the 4th wave of the whole uptrend initiated December 28.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

GBP/USD candlestick analysis for February 22, 2011

On a 4-hour graph the GBP/USD is rolling back after an unsuccessful attempt to test the resistance level near 1.6260-1.6280. Nevertheless, stop loss should be placed slightly above 1.6280 as breakthrough of this level will target the pair to 1.6457.
Earlier on a 4-hour graph the GBP/USD pair formed a candlestick combination Bearish Engulfing, which indicates downside movement, confirmed further.
This candlestick combination has formed after the pair failed to break the resistance level near 1.6280, which means that the bulls could not solidify here. Further the bears started to increase their influence.
Break of the Fibonacci correction level 23.6 will prove this viewpoint. In this case downside movement to 1.5800-1.5750, where Fibonacci correction level 50.0 is also located, should be expected.
Bearish divergence on the Stochastic Oscillator supports downside movement as well.

Performed by Vladimir Donin, Analytical expert

 

[johny5]

EUR/USD Bullish Perspective, February 22, 2011 (Daily Strategy)

EUR/USD

After a drop of 150 points around 1.3526 the pair has managed to rebound to the level of 1.3688, as in his fall he founds the first weekly support and fell to negotiate the same price the day of yesterday

due to the pair not managed to stay down, we mention that a return to weekly pivot at 1.3611 would be a good entry point in long, with a target around 1.3790

Performed by Gerardo Porras Palomino, Analytical expert

 

[johny5]

The EUR/USD technical analysis and trading recommendations for February 23, 2011

The euro is still observing a buy signal with target level 1.3764 and the signal strengthened again! The price suddenly reversed and fixated above the Kijun-sen and the Ichimoku Cloud. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.3795 the first resistance level. If this level is passed the second target will be the second resistance level at 1.3898. Upside movement remains while the price is above the Kijun-sen (1.3625), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuation of the upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement, if the indicator reverses down it will denote the beginning of a correction.

Trading recommendations:
Currently it is recommended to trade up with target at 1.3795 and further to 1.3898. Stop Loss should be placed below 1.3625. If the MACD reverses down it is recommended to cut long positions manually.

Performed by Stanislav Polyanskiy, Analytical expert

 

[johny5]

GBP/USD wave analysis for February 23, 2011

The GBP/USD currency pair could not continue the upside movementin the range of the estimated 5th wave (in the 5th) and declined by 130 pips by the end of the day. At the same time, in the range of such downside section a five-wave structure has formed, which can be considered as the a wave (or the 1st) of the future more prolonged downtrend. If so, after a slight move to the upside the pound might continue declining in the directiom of the 59 figure levels.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

GBP/USD candlestick analysis for February 24, 2011

On a 4-hour graph the GBP/USD is rolling back after an unsuccessful attempt to test the resistance level near 1.6260-1.6280. Nevertheless, stop loss should be placed slightly above 1.6280 as breakthrough of this level will target the pair to 1.6457.
Earlier on a 4-hour graph the GBP/USD pair formed a candlestick combination Bearish Engulfing, which indicates downside movement, confirmed further.
This candlestick combination has formed after the pair failed to break the resistance level near 1.6280, which means that the bulls could not solidify here. Further the bears started to increase their influence.
Break of the Fibonacci correction level 23.6 will prove this viewpoint. In this case downside movement to 1.5800-1.5750, where Fibonacci correction level 50.0 is also located, should be expected.
Bearish divergence on the Stochastic Oscillator supports downside movement as well.

Performed by Vladimir Donin, Analytical expert

 

[johny5]

EUR/USD , Bearish Outlook, February 24, 2011

The Euro United States dollar pair, is around 1st weekly resistance, from there downward turn north, due to fears in financial markets and with the escalation in the Arab world increasing in the background, it is likely the correct time for entry into a sell deal on the pair.

The RSI indicator adds weight to the negative prediction on the pair, which is likely to move back down to the lower range of the shuffle. with an exit goal around the trend line of 1.3650 United States dollars for one Euro


Performed by Gerardo Porras Palomino, Analytical expert

 

[rkkarnani]

In INDIA, individuals cannot trade in Forex

http://economictimes.indiatimes.com...e-in-forex-market-rbi/articleshow/7542261.cms

http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=23941