Technical analysis on EU,GU and major pairs

[johny5]

EUR/USD Intraday Technical analysis 2011-08-22

The spot rate is currently testing the upper limit of its short-term bearish channel in 1.4440 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its medium term bullish 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 1.4440 with a 1st objective of 1.4550, then 1.4580. A break in 1.4410 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-08-22

The spot rate is currently testing the lower limit of its medium-term bullish channel in 1.6450 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 1.6450 with a 1st objective of 1.6560, then 1.6600. A break in 1.6420 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-08-23

The spot rate is currently testing 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 1.6530, then 1.6560. A break in 1.6400 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EURUSD Technical Analysis for August 23, 2011

The European currency picture repeats. For three months we have been observing a sideways movement which has no technical signs of the trend forming. The indicator Alligator confirms a sideways motion on a day chart. As for a four-hour timeframe, of course there we see fluctuations with high amplitude.
The prices are inside a horizontal range between 23.6 and 38.2 of a Fibo long-term correction. The prices did the attempts to break two ranges, however, the channel testing was ending with a rebound every time.
Though we can see a very interesting situation by the mathematical and statistical indicators. The estimation of a standard deviation on a day chart is now close to zero. That is the price is deviating from its natural linear regression and is moving adequately. And the main trend is now flat. But the ATR is at extreme. This demonstrates that the current movement is to change soon.
By far there have been no vivid signals for opening even an intraday position. Though there plenty of possibilities for scalping.

Performed by Georgi Navrusbeckov, Analytical expert

 

[johny5]

Intraday Trade. EUR/USD for August 24, 2011. Technical Analysis

EUR/USD h1

Wave Level Minuette



The price of EUR/USD currently is between the levels 1.4396 1/2ML of pitchfork BY Minuette and 1.4427 of the initial line of the pitchfork BY Minuette. The direction of the further movement of the pair today will be determined by the direction of this ranges breakthrough, and the options of the further events can be as follows:
- the puncture of the resistance of the initial line of the pitchfork BY Minuette at 1.4427 can cause an attempt to renew the yesterdays high at 1.4502 and to continue the motion to the laval of 1.4522 at the previous live UWL38.2 of the pitchfork BY Minuette, the break through which will direct the price to the resistance level of 1.4579, which was formed by the crossing of the warning line UWL61.8 and of the control line UTL of the pitchfork BY Minuette;
- breaking of the support level at 1.4396 by 1/2ML will direct the price to the lower limit of the range 1/2ML of the pitchfork BY Minuette and to the level of 1.4348, a puncture of these levels and fixation of the price below the limits of the range 1/2ML of the pitchfork BY Minuette will give an opportunity to speak about the target of the price motion of EUR/USD to the support level at 1.4236 at the crossing of the lower limit of the zone of equilibrium of the dynamic pitchfork BY Minuette with the upper limit of the equilibrium zone of the static pitchfork BY Minuette, and further with the puncture of 1.4236 the further movement of the pair will be happening within the limits of the euiqlibrium zone of the pitchfork BY Minuette 1.4236 <-> 1.4177 <-> 1.4118.

EUR/USD m15 & m5
Wave levels Micro and SubMicro
Detalization of support and resistance levels in lower operational scales

Performed by Oleg Khmelevskiy, Analytical expert

 

[johny5]

The Forecast for GBP/USD by the Market Profile for Wednesday, August 24, 2011

On Tuesday, August 23, 2011 the market profile of the British pound can be related to as the normal day.
Having strengthened considerably in the first half of the day the pound did not manage to stay near 1.6566 and started to decline gradually.
The day resulted in the Wednesday zones of the fair price to locate in the area of VAL - 1.6475 and VAH -1.6536. The point of control POC was formed near 1.6504.
Forecast for today:
During the session in Asia the British pound was trading within a narrow sideways channel.
In case the upmove continues the first resistance level will be POC of August 18 at 1.6511, from which the growth can continue to POC of April 27 - 1.6556, and then to 1.6591 - VAH from April 21.
The most conservative LONGs will be traded up to 1.6628 - VAH from April 29.
In the falling occurs again the first support level will be the area of POC from August 22 - 1.6482 which VAH of August 8 is 1.6472, then to POC of August 1 - 1.6446.
The most conservative SHORTs will be traded to POC of August 17 - 1.6425.

Abbreviations:
POC (Point of Control) – orange horizontal line on the chart.
The lower limit of the fair price zone - VAL – violet horizontal line on the chart which is always under POC.
The upper limit of the fair price zone - VAH – violet horizontal line on the chart which is always above POC.

Performed by Maxim Magdalinin, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-08-25

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 1.4620. A break in 1.4460 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-08-25

The spot rate approach to the intermediate support of its medium-term bullish channel in 1.6320 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.6170.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6320 with a 1st objective of 1.6430, then 1.6450. A break in 1.6290 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

Technical Analysis and Trading Recommendations for EUR/USD. A Weekly Review. 2011-08-

Ishimoku:
The situation with the euro is ambiguous at this chart as the Buy signal has been formed but the Bollinger Bands are showing a lack of trend. This signal is confirmed as the Chinkou Span is above the price curve and the signal is strong because the price is above the Ishimoku cloud. That is why it is not recommended to trade long on the day timeframe, for starting long positions it is necessary to wait for the Bollinger Bands divergence upwards. In this case the first target of the rising motion will be the first resistance level 1.4705. If this level is passed then the next target will be the second resistance level at 1.5013. If the price fixates below Kijun-sen (1.4295), Buy signal will weaken and this will be the signal to narrow long trades. The price is below the lines of Tenkan-sen and Kijun-sen which shows a rising sentiment. I do not recommend to think of short trading before the formation of Sell signal. Tenkan-sen is directed upwards, which denotes a rise in short-term period. Kijun-sen is also directed upside which shows that in a long-term outlook a rising trend will continue. The Chinkou Spanis above the price curve which confirms the Buy signal and demonstrates bullish sentiment of the market. The Ishimoku cloud confirms the continuation of a climbing movement as it is diverging and directed upwards.
Bollinger Bands:
This indicator shows movement in the sideways as the Bollinger Bands are not expanding and directed sideways. That is why now forming of false signals by Ishimoku is also possible, and before the confirmation of every signal and before the beginning of the bands divergence it is not advised to trade.

MACD:
This indicator is directed upwards showing the current ascend within the sideways channel. So currently trading is not recommended. In case of a trend move starting it is advised to open long trades only when the MACD is directed upside.
Trading recommendations:
EUR/USD is in the sideways and long trade can be opened only in case the Bollinger Bands start to diverge. Then the target will be the first resistance level 1.4705, and if this level is passed 1.5013. Stop loss should be placed below 1.4295. Also for starting long trade the MACD should be directed upwards.

Performed by Stanislav Polyanskiy, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-08-26

The spot rate is currently testing the lower limit of its medium-term bullish channel in 1.6260 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 1.6260 with a 1st objective of 1.6390, then 1.6430. A break in 1.6230 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert