Technical analysis on EU,GU and major pairs

[johny5]

The market manipulations analysis of the EUR/USD by Alexey Portnov for July 15, 2011

The euro reached the mentioned supply levels and after this the pair started to correct. At the moment the currency is correcting above the support levels, therefore we should not expect further decline yet. Among important news I would like to highlight the US CPI data known as inflation barometer due today.
Trading recommendations:
- buy from the mentioned support levels.

Performed by Alexey Portnov, Analytical expert

 

[johny5]

GBP/USD wave analysis for July 15, 2011

During the whole day yesterday the GBP/USD currency pair was moving in a narrow price range along the 1.6120 level. At the same time, the upside section of the trend formed on Tuesday-Wednesday at the moment looks like an incomplete five-wave structure of a more continuous upside correction. In the meantime, such incompleteness still allows to interpret this structure as abc correction, which leaves the resumption of the pound decline possible.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-07-18

The spot rate is currently testing the lower limit of its medium term bearish channel in 1.6060 suggesting a rebound in the short term. 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 1.6060 with a 1st objective of 1.6160, then 1.6180. A break in 1.6030 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Level For July 18th / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.4191.
Strong Resistance : 1.4182.
Original Resistance : 1.4169.
Inner Sell Area : 1.4155.
Target Inner Area : 1.4122.
Inner Buy Area : 1.4089.
Original Support : 1.4075.
Strong Support : 1.4061
Breakout SELL Level : 1.4053.


DESCRIPTION :

Today the EUR/USD is to find Support and Resistance between 1.4075 and 1.4169 and it has a strong Support at 1.4061 and a strong Resistance at 1.4182; if today the EUR/USD breaks out and closes below 1.4053, it will be a sign for Short trading for today; on the other hand, if the pair can break out and close above 1.4191, 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 1.4089 for LONG trading and the Inner Sell Level at the 1.4155 for the SHORT trading, and all of them with the target at the 1.4122 level.

Performed by Arief Makmur, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-07-19

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.4130 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 1.4130 with a 1st objective of 1.4250, then 1.4280. A break in 1.4100 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-07-19

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.6080 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 1.6080 with a 1st objective of 1.6180, then 1.6200. A break in 1.6050 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-07-20

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.6180 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 1.6180 with a 1st objective of 1.6280, then 1.6200. A break in 1.6150 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-07-20

The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.4220 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.4440.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4220 with a 1st objective of 1.4320, then 1.4350. A break in 1.4190 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-07-21

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.6180 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 1.6180 with a 1st objective of 1.6280, then 1.6300. A break in 1.6150 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-07-21

The spot rate is currently testing the intermediate resistance of its medium-term bullish channel in 1.4280 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.4490.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4280 with a 1st objective of 1.4370, then 1.4420. A break in 1.4250 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert