Technical analysis on EU,GU and major pairs

[johny5]

EUR/USD Intraday Technical analysis

The spot rate approaches the upper limit of its medium-term bullish channel to 1.4550 suggesting a 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 1.4550 with a 1st objective of 1.4650, then 1.4680. A break in 1.4520 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD wave analysis for June 30, 2011

During yesterdays trading the GBP/USD currency pair continued growth in favour of the British currency limited by the estimated upside correction. At the same time, its inner wave structure is forming the first waves of a more continuous future uptrend. In the meantime, there is a possibility that the current upside movement will stop near the 61 figure level, which in its turn can complicate the whole wave situation of the 3rd wave.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis

The spot rate is currently testing the intermediate resistance of its medium term bearish channel at 1.6110. However as a break of the channel has not made the upside potential limited.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6160 with a 1st objective of 1.6260, then 1.6300. A break in 1.6130 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Level For July 1st / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.4542.
Strong Resistance : 1.4534.
Original Resistance : 1.4520.
Inner Sell Area : 1.4506.
Target Inner Area : 1.4472.
Inner Buy Area : 1.4437.
Original Support : 1.4424.
Strong Support : 1.4230.
Breakout SELL Level : 1.4401.

SHORT DESCRIPTION :
Today the EUR/USD is to find Support and Resistance between 1.4424 and 1.4520 and it has a strong Support at 1.4230 and a strong Resistance at 1.4534; if today the EUR/USD breaks out and closes below 1.4401, it will be a sign for Short trading for today; on the other hand, if the pair can break out and close above 1.4542, 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 1.4437 for LONG trading and the Inner Sell Level at the 1.4506 for the SHORT trading, and all of them with the target at the 1.4472 level.

Performed by Arief Makmur, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-07-04

The spot rate is currently testing the intermediate resistance of its medium-term bullish channel at 1.4580 and seems to start a decline. However a break of these levels would allow it to reach the upper limit of the channel to 1.4810.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4580 with a 1st objective of 1.4680, then 1.4700. A break in 1.4550 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-07-04

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.6100 suggesting a 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 1.6100 with a 1st objective of 1.6190, then 1.6250. A break in 1.6080 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-07-06

The spot rate is currently testing the intermediate resistance of its medium term bearish channel at 1.4480 and seems to start a decline. However a break of these levels would allow it to reach the upper limit of the channel to 1.4550.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4480 with a 1st objective of 1.4550, then 1.4580. A break in 1.4460 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-07-06

The spot rate is currently testing the intermediate support of its medium-term bullish channel at 1.6050 and seems to start rebound. However a break of these levels would entail a return to the lower limit of the channel to 1.6000.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6050 with a 1st objective of 1.6140, then 1.6160. A break in 1.6030 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-07-07

The spot rate is currently testing the intermediate support of its medium-term bullish channel at 1.4280 suggesting a rebound in the short term. However a break of these levels would entail a return to the lower limit of the channel to 1.4160.

According to previous events, the market indicates a bullish opportunity on the levels of 1.4280 with a 1st objective of 1.4390, then 1.4420. A break in 1.4250 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-07-07

The spot rate is currently testing the lower limit of its medium-term bullish channel at 1.5960 suggesting a rebound. However a break of these levels would initiate a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5960 with a 1st objective of 1.6050, then 1.6100. A break in 1.5930 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert