Technical analysis on EU,GU and major pairs

[johny5]

EUR/USD Intraday Technical analysis 2011-06-13

The spot rate approaches the intermediate support of its medium-term bearish channel to 1.4250 suggesting a rebound on these levels. However a break of this area would entail a return to the lower limit of its channel to 1.3880.

According to previous events, the market indicates a bullish opportunity on the levels of 1.4250 with a 1st objective of 1.4350, then 1.4380. A break in 1.4220 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-06-13

The spot rate is currently testing the lower limit of its medium-term bearish channel at 1.6210 and seems to start a rebound. However a break of these levels would initiate a bearish trend more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6210 with a 1st objective of 1.6310, then 1.6360. A break in 1.6180 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday technical analysis June 14, 2011

On the Daily chart , we see strong bullish reaction of the price indicating strength of the current uptrend .

Yesterday's Daily candlestick was bullish engulfing enhancing the the bullish view .

As we expected the lower limit of the bearish channel acted as a support pushing the price up to the upper limit of the same channel .

Now the price is testing level 1.6425 (the upper limit of the channel and level 61.8% Fibonatcci) which is a strong resistance on the short term .

4H candlestick closure above this level gives the signal to go LONG with target at 1.6538 then 1.6616 with SL below 1.6325

If price gave bearish reaction towards this level , we can go short as an intraday trading with small target down to 1.6348 with SL 4H closure above 1.6450

Performed by Mohamed Samy, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Level For June 14th / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.4485.
Strong Resistance : 1.4477.
Original Resistance : 1.4464.
Inner Sell Area : 1.4450.
Target Inner Area : 1.4416.
Inner Buy Area : 1.4381.
Original Support : 1.4368.
Strong Support : 1.4354.
Breakout SELL Level : 1.4346.

SHORT DESCRIPTION :
Today the EUR/USD is to find Support and Resistance between 1.4368 and 1.4464 and it has a strong Support at 1.4354 and a strong Resistance at 1.4477; if today the EUR/USD breaks out and closes below 1.4346, it will be a sign for Short trading for today; on the other hand, if the pair can break out and close above 1.4485, 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 1.4381 for LONG trading and the Inner Sell Level at the 1.4450 for the SHORT trading, and all of them with the target at the 1.4416 level.

Performed by Arief Makmur, Analytical expert
InstaForex Companies Group 2007-2011

 

[johny5]

GBP/USD Intraday Technical analysis 2011-06-15

The spot rate is currently testing the upper limit of its medium-term bearish channel at 1.6440 and seems starting to decline. 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 1.6440 with a 1st objective of 1.6550, then 1.6580. A break in 1.6410 would invalidate this scenario.


Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Level For June 15th / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.4503.
Strong Resistance : 1.4494.
Original Resistance : 1.4481.
Inner Sell Area : 1.4467.
Target Inner Area : 1.4433.
Inner Buy Area : 1.4398.
Original Support : 1.4385.
Strong Support : 1.4371.
Breakout SELL Level : 1.4362.

SHORT DESCRIPTION :

Today the EUR/USD is to find Support and Resistance between 1.4385 and 1.4481 and it has a strong Support at 1.4371 and a strong Resistance at 1.4494; if today the EUR/USD breaks out and closes below 1.4362, it will be a sign for Short trading for today; on the other hand, if the pair can break out and close above 1.4503, 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 1.4398 for LONG trading and the Inner Sell Level at the 1.4467 for the SHORT trading, and all of them with the target at the 1.4433 level.

Performed by Arief Makmur, Analytical expert

 

[johny5]

EUR/USD technical analysis and trade recommendations June 17, 2011

EURO/USD currency pair successfully broke the support level 1.4325 with a very bearish full body candle.
This indicates the strength of the current downside movement.
EUR/USD reacted towards next support level 1.4060 with a hummer candlestick.

As we expected 161.8% FiboExpansion level acted as a support limiting further decline of the currency pair .

Suggested trade from this level achieved its target .

Now price is limited in a range between resistance and support which haven't been tested till now .

Level 1.4320 as resistance level , 1.4060 as a support so we should keep eyes on both of them .

Trade Recommendations :

Level 1.4320 would be a good area to SELL the pair at , with targets 1.4140 , 1.4080 , 1.3980 with SL above 1.4500

Direct closure below 1.4060 gives Short signal with to the same targets

Performed by Mohamed Samy, Analytical expert

 

[johny5]

GBP/USD technical analysis & Trade Plan for June 17, 2011

Yesterday , the currency pair was testing the uptrend line , lower limit of the bearish channel .

Yesterday's DAILY candlestick came confusing as it has long lower tail .

We still need good bearish candle to make sure the uptrend line is broken .

On 4H, the uptrend line is broken temporarily , but this isn't confirmatory untill lows 1 , 3 are broken or strong Daily bearish candlestick is formed .

On the other hand there's possibility of formation of 123 Pattern which is effective reversal pattern .

Trade Plan :

Now we have to watch the price action As :

4H Closure above high (2) would confirm the reversal pattern giving long signal .

4H Closure below lows 1,3 would confrim the break of the uptrend line giving short signal .

Performed by Mohamed Samy, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-06-20

The spot rate is currently testing the intermediate resistance of its medium term bearish channel at 1.6210 suggesting a decline. However a break of these levels would allow it to reach the upper limit of the channel to 1.6320.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6210 with a 1st objective of 1.6320, then 1.6350. A break in 1.6180 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD For Weekly June 20th to the June 24th / 2011

SHORT DESCRIPTION :

Last week the EUR/USD formed a doji combination (red:the market participants are confused) with a close below the opening market and below the Simple Moving Avarage Periode 10 weeks by Close, and all this means the EUR/USD is now still under a downside pressure. For the next week it seems the 1.4250 will be tested again by this pair, if this level can hold the downside pressure it will bring the EUR/USD to test the next Half Major Point at the 1.4500.BUT if the 1.4250 can be easily broken by this pair, it will bring down the EUR/USD to test the mark 1.4000 that serves as the Major Large Quarter Point.

Performed by Arief Makmur, Analytical expert