Technical analysis on EU,GU and major pairs

[johny5]

EUR/USD Technical Analysis. Support And Resistance Levels For December 01, 2010

Today Technical Level :

Breakout Buy level : 1.3056.
Strong Resistance : 1.3048.
Original Resistance : 1.3036.
Inner Sell Area : 1.3023.
Target Inner Area : 1.2993.
Inner Buy Area : 1.2962.
Original Support : 1.2950.
Strong Support : 1.2937.
Breakout Sell level : 1.2930.

Today Outlook :

At present the EUR/USD is traded in the range of 1.3025 1.2975. In case this pair breaks up and closes above the level of 1.3025, then 1.3050 will be a first target and 1.3075 a second target before the EUR/USD will move to 1.3100. On the other hand if this pair can break out and close below the level of 1.2975, then the pair probably will reach the mark of 1.2950. In case today the momentum to downsides is strong enough then the pair will reach the level of 1.2925 before it moves to 1.2900.

Performed by Arief Makmur, Analytical expert

 

[johny5]

The EUR/USD technical analysis and trading recommendations for December 02, 2010

Overview:
The sell signal with the target to 1.2949 is still observed. The current signal is strong and confirmed, as the price is below the Ishimoku cloud and the Chinkou Span is below the price curve. The price is near the first support level of 1.3033, which is the first target for downside movement. In case this level is passed the next target for movement will be the second support level of 1.2824. Kijun-Sen (1.3150) is the critical level below which the downwards motion remains, it is recommended to cut short positions above this level. It is worth pointing out that the target level has been passed already, and the MACD reversed to up, which denotes the correction movement. The Chinkou Span is below the price graph, thus confirming the current sell signal. Bollinger Bands show the continuation of the downtrend, the lines are slightly converging and directed down, thus pointing to the correction tendency against the downtrend. MACD is ascending, thus also indicating the current correction motion.

Trading recommendations:
Currently it is recommended to trade down with a target to 1.3033 and further to 1.2824. Stop Loss is placed above 1.3150. We enter the market only after MACD turns down.

Performed by Stanislav Polyanskiy, Analytical expert

 

[johny5]

EUR/USD Technical Analysis. Support and Resistance Levels For December 06, 2010

Today Technical Level :

Breakout Buy level : 1.3439.
Strong Resistance : 1.3431.
Original Resistance : 1.3418.
Inner Sell Area : 1.3405.
Target Inner Area : 1.3373.
Inner Buy Area : 1.3341.
Original Support : 1.3328.
Strong Support : 1.3315.
Breakout Sell level : 1.3307.

Today Outlook:

It seems that today the EUR/USD will try to reach the 1.3300 level. If this level is easily broken through, then the pair will decline to the mark of 1.3275 as a first target and to 1.3250 as a second target. In case the Breakout Sell Level (1.3307) is broken out, it will indicate that the pair has again the Bearish momentum. On the other hand, if the level of 1.3300 acts as a strong support and this pair easily breaks up the level of 1.3325, then the EUR/USD will rise again to 1.3350 as a first target and to 1.3350 as a second target.

Performed by Arief Makmur, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2010-12-06

On Friday the spot rate broke through its intermediate resistance level to 1.5720 giving a place to an acceleration. A pullback is possible on these levels before a resumption of bullish movement.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5720 with a 1st objective of 1.5860, then 1.5910. A breakthrough of 1.5690 will change this situation.
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Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD. We Expect a Break In The Trend Line, December 07, 2010 (Daily Strategy)

The likelihood for forming a bottom on the EUR/USD pair rose significantly last Friday, after an impressive leap by the pair and a weekly close around the level of 1.3430. One may enter a buy deal on the pair even at its present values, although perhaps it is preferable to make the entry conditional on a breaching of the trend line formed by the weekly close.

A breaching of the trend line around 1.3425 will confirm the positive momentum on the pair, with the intermediary goal for exit from the buy deal set around the resistance level of 1.3950.

Performed by Gerardo Porras Palomino, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2010-12-07

The spot rate approached to its resistance level through its medium-term downtrend channel 1.5780. A breakout of this zone will allow the pair to reach the upper limit of this channel at 1.5880.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5780 with a 1st objective of 1.5860, then 1.5880. A breakthrough of 1.5750 will change the situation.


Performed by Albert Fitoussi, Analytical expert

 

[mview]

Technical Analysis. Support and Resistance Levels For November 15, 2010

sir can you please tell me the calculation of thr same ???

or provide an excel file of the same ?

 

[johny5]

EUR/USD Technical Analysis. Support and Resistance Levels For December 08

Today Technical Level:

Breakout Buy level : 1.3329.
Strong Resistance : 1.3321.
Original Resistance : 1.3308.
Inner Sell Area : 1.3295.
Target Inner Area : 1.3264.
Inner Buy Area : 1.3233.
Original Support : 1.3220.
Strong Support : 1.3207.
Breakout Sell level : 1.3199.

Today Outlook:

It seems the EUR/USD will test the 1.3200 level, which acts as a strong support for today. But please pay attention to this "Round Number/Physiologic Level". If the EUR/USD breaks out and closes below that level, then the pair will go down to the level of 1.3175 as a first target and to the level of 1.3150 as a second target, especially if the Breakout Sell level (1.3199) will be broken through. On the other hand, if the 1.3200 level serves as a strong support and the EUR/USD starts to reverse upside again and breaks out the mark of 1.3225, then the pair will move to test the 1.3250 level as a first target and the 1.3275 level as a second target before this pair goes back to 1.3300.

Performed by Arief Makmur, Analytical expert

 

[johny5]

GBP/USD, Pattern of Stagnation, December 08, 2010 (Daily Strategy)

GBP / USD

The pair Pound - Dollar is on the high of a sharp correction after running into the secondary resistance of 1.5815, leading the pair down. As the trend remains positive, you can take advantage of the current correction to get the pair to a more attractive price. The 1.5700 support level will serve as a prime target for purchase.

According to the estimation technique, the pair Pound - Dollar falls into a pattern of stagnation, after which it is estimated that it would resume the upward sequence, which began some time ago. Our ultimate goal for the start of the long position is about the important resistance level of $1.6050 per pound.


Performed by Gerardo Porras Palomino, Analytical expert

 

[johny5]

The EUR/USD wave analysis for December 09, 2010.

Yesterday the EUR/USD price returned to the boundaries of the downward corridor and continued slow movement along its upper border. We can suppose that this is the first waves formation of the future 5th wave of the whole down-trend which started on November, 04. At the same time for Euro there is still possibility that the wave situation of the correction structure which was formed after November, 01and possibly is its 4th wave can complicate.

Performed by Alexander Dneprovskiy, Analytical expert