Technical analysis on EU,GU and major pairs

[johny5]

EUR/USD Bullish Outlook, June 03, 2011 (Daily Strategy)

The Euro-United States dollar pair in this moment is negotiating between the levels of 50% to 61.8% Fibonacci retracement. The resistance level of 1.4550 and the 61.8% Fibonacci retracement line could serve as a short input signal to continue the trend that had started to the weekly support line around the 1.4200 level.

Therefore, if the pair continues its upward force would meet strong resistance at 1.4550 levels could a clear opportunity to take short positions.

Performed by Gerardo Porras Palomino, Analytical expert

 

[johny5]

GBP/USD Bullish Outlook June 03, 2011

The United Kingdom pound United States dollar pair will continue its drop until the 1.6200 support level. However, this is seen as only as a correction and so, we should continue look for the entry point so long as the price is at relatively low levels. In the long term, the pair still has a long way to go until it reaches its final target point at 1.6660. Also, it is important to point out the STOP/LOSS point situated far below the weekly support level of 1.6200

Performed by Gerardo Porras Palomino, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-06-06

The spot rate is currently testing the upper limit of its medium-term bullish channel at 1.4660 and seems starting to decline. However a break of these levels would free up significant potential and initiate a bullish trend more violent.

According to previous events, the market indicates a bearish opportunity on the levels of 1.4660 with a 1st objective of 1.4560, then 1.4520. A break in 1.4690 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis

The spot rates approach the upper limit of its medium-term bearish channel to 1.6470 suggesting a decline in the short term. However a break of these levels would free up significant potential and initiate a new trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6470 with a 1st objective of 1.6550, then 1.6580. A break in 1.6450 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-06-07

The spot rate is currently testing the intermediate resistance of its medium-term bullish channel at 1.4690 suggesting a decline. However a break of these levels would reach the upper limit of its channel to 1.4770.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4690 with a 1st objective of 1.4770, then 1.4790. A break in 1.4670 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis

The spot rates approach the upper limit of its medium-term bullish channel to 1.6510 suggesting a decline in the short term. However a break of these levels would initiate a more violent bullish trend.

According to previous events, the market indicates a bearish opportunity on the levels of 1.6510 with a 1st objective of 1.6410, then 1.6390. A break in 1.6540 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD wave analysis for June 8, 2011

Due to the incompleteness of the 5th wave inner wave structure, yesterday the EUR/USD resumed upside movement within the estimated 5th wave (in the 5th). At the same time observing one of the possible targets located near 1.4660-1.4670. The euro is demonstrating an intention to continue the growth to the 48 figure level. In the meantime, as we have already mentioned, strongly overbought indicators might demonstrate further deep correction of the price.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

GBP/USD wave analysis for June 8, 2011

During yesterday trading the GBP/USD still continued to form a more complicated inner wave structure of the b wave in the estimated 2nd (or b). If so, after the b wave is completed the price might continue to decline to the correction level 61.8% at the 1.6240 level. At the same time, given the market sentiment directed against the dollar, we cannot eliminate the possibility of the price passing May 31 high (1.6440) within the c wave, in the b.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Level For June 10th / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.4606.

Strong Resistance : 1.4597.

Original Resistance : 1.4584.

Inner Sell Area : 1.4570.

Target Inner Area : 1.4536.

Inner Buy Area : 1.4501.

Original Support : 1.4488.

Strong Support : 1.4474.

Breakout SELL Level : 1.4465.

SHORT DESCRIPTION :

Today the EUR/USD is to find Support and Resistance between 1.4488 and 1.4584 and it has a strong Support at 1.4474 and a strong Resistance at 1.4597; if today the EUR/USD breaks out and closes below 1.4465, it will be a sign for Short trading for today; on the other hand, if the pair can break out and close above 1.4606, it will be the sign for LONG trading for today. Another option for the advanced trader can be trading between the Inner Buy Level at the 1.4501 for LONG trading and the Inner Sell Level at the 1.4570 for the SHORT trading, and all of them with the target at the 1.4536 level.

Performed by Arief Makmur, Analytical expert

 

[johny5]

GBP/USD wave analysis for June 10, 2011

In general, as expected, during yesterdays trading the GBP/USD pair resumed downside movement after testing the 1.6460 level. At the same time, wave structure of the b wave in the estimated 2nd (or b) obtained a shape of a diagonal triangle. Therefore, we can assume that current decline of the pound price will develop in the direction of the target correction level 61.8% at the 1.6240 level.

Performed by Alexander Dneprovskiy, Analytical expert