Technical analysis on EU,GU and major pairs

[johny5]

EUR/USD Intraday Technical analysis 2011-08-29

The spot rate is currently testing the upper limit of its medium-term bullish channel in 1.4570 suggesting a decline. However a break of these levels would free up significant potential and 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 1.4570 with a 1st objective of 1.4690, then 1.4720. A break in 1.4540 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Wave Analysis for August 29, 2011

On the last trading day of the week GBP/USD tested the level 1.6250, after that it started an expected retrace from the correction level of 76.4%. So by this decline to 1.6230 the pound has made complicated the inner wave structure of the assumed 3rd wave (or c) which allows another attempt to test the correction level 76.4% (1.6225). At the same time the gained in the second half of Friday session dynamics of the pound price may facilitate its advance to the mark of the 66th figure (the local high of August 19).

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-08-30

The spot rate approaches the upper limit of its medium-term bullish channel in 1.4570 suggesting 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 1.4570 with a 1st objective of 1.4690, then 1.4720. A break in 1.4540 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-08-30

The spot rate is currently testing the upper limit of its short-term bearish channel in 1.6470 and seems to initiate a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.6640.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6470 with a 1st objective of 1.6570, then 1.6590. A break in 1.6440 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis

The spot rate is currently testing the lower limit of its medium-term bullish channel in 1.6230 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 1.6230 with a 1st objective of 1.6340, then 1.6370. A break in 1.6200 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD wave analysis for August 31, 2011

Yesterdays decline of the EUR/USD currency pair to the 1.4380 level has probably enabled it to form the 4th wave in the estimated 5th (in the 3rd). If so, the upside movement indicated later yesterday might appear the beginning of the 5th wave in this 5th (in the 3rd). At the same time the level of the 46 figure is still the target level for this whole 5th wave.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

GBP/USD Bullish Above 1.6190 , September 01, 2011

GBP/USD

During yesterday the pound lost ground, because the Net Lending to Individuals turned out to be negative. Anyway the fact of keeping intact the U.S. interest rate for two years and comments about a third incentive plan impede the dollar will rise.

In my view, the pound-dollar pair is also convenient to purchase their current price levels, but should pay attention to the level of proof of $ 1.6020. This level has to be overcome to allow the pair to continue to rise. Our price target over the medium term is located around the significant resistance level of 1.6560, dollars per pound.

Performed by Gerardo Porras Palomino, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-09-01

The spot rate is currently testing the lower limit of its medium-term bullish channel in 1.4340 and seems to initiate 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 1.4340 with a 1st objective of 1.4430, then 1.4470. A break in 1.4310 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Technical Overview Based on the Regression Channels System for September 2, 2

Technical Data:
Head channel of linear regression: direction side
Low channel of linear regression: direction up
Moving average (20; smoothed): direction down
CCI: -138.8983.

Commentary:
On September 2, the euro is trading below the low channel, but the both channels are not moving downward. Therefore, speculating on a fall is not recommended. A sideward movement of the head channel signalizes an upward reversal of a global downward trend. A downward movement of the low channel means a trends short-term upward movement. Currently, the price is trading below the moving and the Murray level of 5/8. Therefore, the price target is at the Murray level of 4/8 at 1.4160. In case the price reaches the target, its next target will be at the level of 3/8 at 1.4038. Please also note that the Heiken-Ashi indicator colored bars blue signifying a local downward movement. As the moving average is moving downward with the price trading below it, a downward movement is the most promising. Wait until one channel has turned downward and start trading. The CCI indicator is approximately at the -100 level indicating a slight overbought.

The Closest Support Levels:
S1 1.4160
S2 1.4038
S3 1.3916

The Closest Resistance Levels:
R1 1.4282
R2 1.4404
R3 1.4526

Trading Recommendations:
EUR/USD Forex market analysis reveals renewal of a downward movement. The current price target is the Murray level of 4/8 at 1.4160. However, speculating on a fall is not recommended. Speculate on a rise only after the price has fixed above the moving.
Besides technical data, please always take into account fundamental data and its release date.

Performed by Stanislav Polyanskiy, Analytical expert

 

[johny5]

GBP/USD wave analysis for September 2, 2011

Yesterdays positive sentiment of the currency markets towards the dollar enabled the GBP/USD pair to decline further and reach the 1.6130 level later in the day, and the 5th wave in the 5th became prolonged. In the meantime given the inner wave dimension of the whole downside section of the trend initiated August 19, the upside correction movement might begin either from the high reached yesterday or from the levels near the 60 figure.

Performed by Alexander Dneprovskiy, Analytical expert