Technical analysis on EU,GU and major pairs

[johny5]

GBP/USD Intraday Technical analysis 2011-07-25

The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.6390 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.6590.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6390 with a 1st objective of 1.6480, then 1.6510. A break in 1.6360 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

The EUR/USD technical analysis and trading recommendations for July 25, 2011

Overview:
Forex market analysis for July 25 shows that at the moment the currency is still observing a buy signal, the signal is strong, therefore we should consider long positions. 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. At the moment the first target is 1.4525 the first resistance level. If this level is passed the second target will be the second resistance level at 1.4692. Upside movement remains while the price is above the Kijun-sen (1.4250), 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 continuing upside movement, the lines are diverging and directed up. The MACD is descending, which indicates current correction movement, this filter does not allow us to trade up now, but we can resume trading after the MACD reverses up.
Trading recommendations:
Currently it is recommended to trade up with target at 1.4525 and further to 1.4692. Stop Loss should be placed below 1.4250 and stretched down as the Kijun-sen declines. It is recommended to open long positions after the MACD reverses up.

Performed by Stanislav Polyanskiy, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-07-26

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.4490 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 1.4490 with a 1st objective of 1.4590, then 1.4640. A break in 1.4460 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-07-26

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.6350 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 1.6350 with a 1st objective of 1.6450, then 1.6480. A break in 1.6320 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-07-27

The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.6440 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.6630.

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 16580. A break in 1.6410 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Technical Analysis & Long Opportunity July 27, 2011

EUR/USD is in a solid uptrend contained in the marked bullish channel since July 7.

Now the pair is retracing towards the support level 1.4343 marked on the chart.

This level is a solid support as it's confluence of the Fibonatcci levels , retest of the short term bearish channel broken before and the lower limit of the long term bullish channel.

So as we see the pair, the market offers a LONG opportunity around 1.4343 with TP at 1.4435 then 1.4515 .

SL should be 4H closure outside the bullish channel.

Performed by Mohamed Samy, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-07-28

The spot rate is currently testing the lower limit of its bullish wedge in 1.6310 suggesting a rebound. However a break of these levels would free a large potential of drop and start a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 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 Intraday Technical analysis 2011-07-28

The spot rate is currently testing the lower limit of its medium-term bullish channel in 1.4330 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 1.4330 with a 1st objective of 1.4440, then 1.4470. A break in 1.4300 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD candlestick analysis (long-term view) 2011-07-29

Earlier in a weekly graph the EUR/USD formed Dark Cloud Cover candlestick combination indicating downside movement confirmed further.
This combination shows that the pair dropped sharply after an attempt to advance to the resistance level 1.4700, which means that the bears started to increase their influence.
Further decline is supported by the RSI indicator demonstrating a rollback from the overbought level 70.0.
Break of the support level 1.3969 will denote that this point of view is correct. In this case we should expect a decline to the support level 1.3427 where the Fibonacci correction level 50.0 is also located.
It is worth mentioning that stop loss should be placed slightly above the resistance level 1.4700 as its break will target the pair to 1.4900.

Performed by Vladimir Donin, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis July 29, 2011

GBP/USD showed strong bullish reaction towards the support level 1.6262 marked on the chart.

This bullish reaction is present at the bullish engulfing 4H candlestick this may push the pair up to the high 1.6450.

Also it's important that we have a head and shoulders pattern but seems to be a trap.

We need to stabilize above the high 1.6450 to resume the bullish domination of the market.

Performed by Mohamed Samy, Analytical expert