Technical analysis on EU,GU and major pairs

[johny5]

The EUR/USD technical analysis and trading recommendations for November 16

Overview:
The sell signal with a target at 1.3576 is still observed. This signal is strong and confirmed, as the Chinkou Span is below the price graph and the price is below the Ishimoku Cloud. Also the price is below the pivot level of 1.3780. Presently, the first support level of 1.3477 is a target for movement. In case this level is passed the next target will be the second support level of 1.3268. It should be said that at present the correction movement has finished. In case the price manages to fixate above the Kijun-Sen (1.3685), the sell signal will weaken and it will be a point to reduce short positions. The Chinkou Span is below the price graph, thus confirming the current sell signal. The Bollinger Bands indicate the downside motion, the lines are diverging and directed downwards. The MACD is descending, thus denoting the resumption of the downtrend.

Trading recommendations:
Currently, it is recommended trade down with the target to 1.3477 and further to 1.3268. The stop-loss is set above 1.3685. In case the MACD reverses upside the short positions should be cut.

Performed by Stanislav Polyanskiy, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2010-11-16

The spot rate came to test the upper limit of its downtrend channel at 1.6085 and seems to initiate a withdrawal. However a breakout in this area will allow the pair to achieve the upper limit of its medium-term bullish channel at 1.6190.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate has broken through its resistance at 1.6085 with a 1st objective of 1.6160, then 1.6190. A break of 1.6060 would invalidate this scenario.


Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD.(Daily Signal), November 17, 2010

GBP/USD

Negative sentiments have taken over the financial markets again, mostly due to concerns over the European debt crisis that remains to be complete, and it now appears that investors are preparing themselves for a second round of negative movements worldwide. The negative sentiment may affect also the British pound United States dollar pair, which is beginning to show the signs of breaking on the route to a technical correction, and perhaps even a reversal of the positive trend.

We will only receive a final confirmation of the reversal and the beginning of a meaningful downwards movement after a decisive breach of the trend line accompanying the pair since early June. A daily close under the trend line will serve as an entry trigger for a sell deal with two major exit goals. The first is located near the 1.5500 support level, whereas the second and last goal is poised related to the lower support level around 1.5275 United States dollars for one British pound.

Performed by Gerardo Porras Palomino, Analytical expert

 

[johny5]

EUR/USD Intraday technical analysis 2010-11-17

Yesterday, the spot rate broke through day its short-term horizontal support at 1.3565 giving the way to a violent acceleration. Therefore a pullback at this area will be expected before a resumption of the downtrend.
According to previous events, the market indicates a bearish opportunity on the level of 1.3565 with a 1st objective of 1.3470, then 1.3440. A breakout of 1.3595 will invalidate this scenario.


Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Outlook Remains Bearish , November 19, 2010

The latest slide has finally stopped after ending a sequence of consecutive daily lower highs, and it seems the market starts the process of correcting the latest major 1.4285-1.3445 move. While there is certainly room for additional upside movement from current levels (1.3715), our outlook remains bearish following the break below 1.3700 several days ago. The 38.2% fib retracement off of the latest move comes in by 1.3760, with the level also offering itself as the midpoint between the 10/20-Day SMAs.
STRATEGY: Sell is set at 1.3760 or 1.3780 for an Open Objective; STOP is set at 1.3850.


Performed by Gerardo Porras Palomino, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2010-11-19

The spot rates approach the upper limit of their medium-term downtrend channel at 1.6095 suggesting a decline in the short term. However a breakout in that area will free up a significant potential and begin an upward trend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate has broken its resistance level at 1.6095 with a 1st objective of 1.6160, then 1.6190. A breakthrough of 1.6070 will invalidate this scenario.


Performed by Albert Fitoussi, Analytical expert

 

[johny5]

The EUR/USD technical analysis and trading recommendations for November 22

Overview:
As it was forecasted the sell signal cancelled, the downside movement ended and buy signal with the target level of 1.3953 formed. The current signal is strong and confirmed, as the Chinkou Span managed to fixate above the price curve and price entered the Ishimoku cloud. The current target for the uprising movement is the upper limit of the Ishimoku Cloud (1.3923), which is also a resistance level. In case the first resistance level is broken through the next target will be the second resistance level of 1.4098. The Kijun-Sen (1.3620) is a critical level above which the upside movement is observed; in case the price moves bellow this level the long positions should be cut. The Chinkou Span is above the price graph, thus confirming the current buy signal. The Bollinger Bands show the beginning of the uptrend, the lines are diverging and directed upside. MACD is ascending, thus confirming the current upwards movement.

Trading recommendations:
Currently, it is recommended trade up with the target to 1.3923; in case this level is broken through then the target will be 1.4098. The stop-loss is set below 1.3620. If the MACD reverses downside the long positions should be cut.


Performed by Stanislav Polyanskiy, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2010-11-22

The spot rate approached the upper limit of its medium-term downtrend channel at 1.6090. A breakthrough of this area will release a significant potential for the beginning of an upward trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate has broken out its resistance level at 1.6090 with a 1st objective of 1.6160, then 1.6190. A breakthrough of 1.6070 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Analysis by Elliot Waves, November 24, 2010 (Weekly Strategy)

EUR/USD

The technical analysis denotes that the level of 1.3180 will be very meaningful support levels that may serve as a key point for a buy deal. The EUR/USD pair may stretch the borders of correction and reach its final mark around 1.3070, where it probably will reinforce the buy position once more. Our exit goals are forecasted with the help of 5th Elliot cycle wave, and are located around 1.4100 and 1.4450; 1.4500 levels respectively.



Performed by Gerardo Porras Palomino, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2010-11-24

Yesterday the spot rate rebounded from the lower limit of its medium term downtrend channel at 1.5760 and approached its intermediate resistance level of 1.5880. A breakout of this zone will allow pair to reach the upper limit of its channel at 1.6050.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate has broken its resistance level in 1.5880 with a 1st objective of 1.5980, then 1.6020. A breakthrough of 1.5850 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert