Technical analysis on EU,GU and major pairs

[johny5]

GBP/USD Bearish Outlook, April 08, 2011 (Daily Strategy)

The pound US dollar pair has once again met the stubborn level of 1.6400, the same level that halted the climb of the pair during the previous wave of increases. the estimate is that this time the pair could well break through this level and will continue its positive upward momentum. Of course, there is the possibility of a reversal of the trend and a move to a drop in exchange rates

Therefore, a daily close below the first weekly resistance would lead to a low price around the 1.6190 level and then return to its upward trend.

Performed by Gerardo Porras Palomino, Analytical expert

 

[johny5]

EUR/USD candlestick analysis for April 8, 2011

EUR/USD pair has successfully broken the 1.4278 resistance level, to continue the upside movement further. As mentioned before, a break of this level will target the pair to 1.4577.
Earlier in the intraday chart EUR/USD shaped a Bullish Engulfing candlestick combination which is an explicit signal to growth.
Such a candlestick combination points to the growth of the pair for several weeks. However, there was a rollback registered at the 1.4035 level which was a good opportunity to start buying.
Further upside movement is supported by the fact that the uptrend remains.
The break of 1.4035 resistance level proves this viewpoint.
It is worth mentioning that stop loss orders should be placed slightly below 1.4100 as a break of this level will denote that the uptrend is broken. 

Performed by Vladimir Donin, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-04-11

The spot rate tested since Friday the upper limit of its medium-term bearish channel at 1.6400 and seems starting to decline. However a break of these levels would free up significant potential and begin a rising trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6400 with a 1st objective of 1.6480, then 1.6520. A break in 1.6380 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD candlestick analysis for April 11, 2011

EUR/USD pair has successfully broken the 1.4278 resistance level, to continue the upside movement further. As mentioned before, a break of this level will target the pair to 1.4577.
Earlier in the intraday chart EUR/USD shaped a Bullish Engulfing candlestick combination which is an explicit signal to growth.
Such a candlestick combination points to the growth of the pair for several weeks. However, there was a rollback registered at the 1.4035 level which was a good opportunity to start buying.
Further upside movement is supported by the fact that the uptrend remains.
The break of 1.4035 resistance level proves this viewpoint. Now we should expect upside movement to the resistance level 1.4278.
It is worth mentioning that stop loss orders should be placed slightly below 1.4100 as a break of this level will denote that the uptrend is broken. 

Performed by Vladimir Donin, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-04-12

The spot rate came to test the upper limit of its medium-term bullish channel at 1.6430 and declined. It is now approaching its intermediate support at 1.6270 suggesting a rebound in the short term. However a break of these levels would entail a return to the lower limit of its channel to 1.5990.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6270 with a 1st objective of 1.6370, then 1.6430. A break in 1.6240 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Daily Forecast For April 12 / 2011 2011-04-12

The bias of the pair is still in a Bullish situation, BUT we got a warning signal from the divergence between the MACD Histogram, because the price is making a new high, but the MACD Histogram made a Double Top formation, it means the EUR/USD will have a l retracement to the downside, especially if the EUR/USD can break out and close below the Fibonacci Support 23.6% at 1.4379, it will cause the pair to go down to test the Dynamic Support at 1.4358 (5 Periode Moving Avarage in Daily Charts) as the first target and 1.4311 (Fibonacci Support 38.2%) as the second target. On the other hand, if the pair can break out and close above today's opening at 1.4434, it will cause the EUR/USD to go up to 1.4451 as the first target and 1.4475 as the second target.

Performed by Arief Makmur, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-04-14

The spot rate is currently evolving between the lower limit of its trading range at 1.6230 and the intermediate resistance of this one at 1.6310. A break of these levels would reach the upper limit of its channel to 1.6420.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6310 with a 1st objective of 1.6420, then 1.6450. A break in 1.6280 would invalidate this scenario.


Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD wave analysis for April 14, 2011

Yesterday the EUR/USD continued its attempts to form the beginning of a continuous correction structure in the range of the future estimated 4th wave (in the 5th). At the same time, by the end of the day the price could not test the estimated correction level 23.6%, which might cause further downside movement directed to the targets below the 44 figure level, or even near the 43. Simultaneously, for a more convincing completion of the 5th wave, the euro price will probably make another attempt to pass the 1.4500 level.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-04-15

The spot rates approaches the upper limit of its medium-term bearish channel to 1.6410. A break of these levels would free up significant potential and begin a rising trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6410 with a 1st objective of 1.6520, then 1.6550. A break in 1.6380 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

The EUR/USD technical analysis and trading recommendations for April 15, 2011

The euro is still observing a buy signal, however a sideways movement is in advance, which is demonstrated by the Bollinger Bands, therefore it is recommended to resume trading up after the correction ends. 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 1.4599 the first resistance level. If this level is passed the second target will be the second resistance level at 1.4713. Upside movement remains while the price is above the Kijun-sen (1.4440), 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 ending upside movement, the lines are not diverging and directed sideways, which is also a beginning of the sideways movement. The MACD is ascending, which indicates current upside movement, which is probably limited by the sideways channel.


Trading recommendations:
Currently it is recommended to trade up with target at 1.4599 and further to 1.4713. Stop Loss should be placed below 1.4440. Long positions should be opened after the Bollinger Bands start to diverge to the upside.

Performed by Stanislav Polyanskiy, Analytical expert