Technical analysis on EU,GU and major pairs

[johny5]

EUR/USD candlestick analysis (long-term view) 2011-08-15

The EUR/USD currency pair closed with a sharp decline this week.
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 2011-08-15

The spot rate broke the intermediate resistance of its medium term bearish channel in 1.6220 leading to an acceleration. A pull back on these levels is expected before a resumption of bullish.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6220 with a 1st objective of 1.6320, then 1.6350. A break in 1.6190 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD wave analysis for August 16, 2011

In general as expected, but with a little more dynamics, during yesterdays trading the EUR/USD pair advanced by over two figures having tested the 1.4470 level. At the same time, give the current dynamics we might suppose that the price is forming the 3rd wave in the estimated 3rd (in the 3rd) of the new uptrend section. If so, given the inner wave dimension of this 3rd wave (in the 3rd, in the 3rd) its targets might be located slightly above the 1.4500 level. 

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-08-16

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.6420 and seems to start a decline. However a break of these levels would initiate a bullish trend more violent.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6420 with a 1st objective of 1.6540, then 1.6580. A break in 1.6390 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-08-17

The spot rate is currently testing the intermediate support of its medium-term bullish channel in 1.4360 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.4180.

According to previous events, the market indicates a bullish opportunity on the levels of 1.4360 with a 1st objective of 1.4470, then 1.4500. A break in 1.4330 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-08-17

The spot rate is currently testing the upper limit of its medium term trading range in 1.6480 suggesting a decline. However a break of these levels would 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 1.6480 with a 1st objective of 1.6580, then 1.6620. A break in 1.6450 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-08-18

The spot rate is currently testing the intermediate support of its medium-term bullish channel in 1.4370 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.4190.

According to previous events, the market indicates a bullish opportunity on the levels of 1.4370 with a 1st objective of 1.4470, then 1.4500. A break in 1.4340 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD market manipulations analysis for August 18, 2011

Following the main scenario, the pound fixated above the local high and kept on increasing. At the moment the price is correcting near the support level 1.6505. The 1.6568 level will provide resistance. Main scenario: growth from the level 1.6505 to the 1.6568 level. Alternative scenario: fixation below the support level 1.6505 will cause a decline.
Trading recommendations:
Buy from the 1.6505 level.

Performed by Alexey Portnov, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-08-19

The spot rate is currently testing the intermediate support of its medium-term bullish channel in 1.4290 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.4210.

According to previous events, the market indicates a bullish opportunity on the levels of 1.4290 with a 1st objective of 1.4390, then 1.4420. A break in 1.4260 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-08-19

The spot rate approaches to the lower limit of its medium-term bullish channel in 1.6430 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 1.6430 with a 1st objective of 1.6560, then 1.6600. A break in 1.6400 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert