Technical analysis on EU,GU and major pairs
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EUR/USD Intraday Technical analysis 2011-09-12
The spot rate is currently testing the intermediate resistance of its short-term bearish channel in 1.3580 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.3670.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3580 with a 1st objective of 1.3670, then 1.3720. A break in 1.3560 would invalidate this scenario.
Performed by Albert Fitoussi, Analytical expert
The spot rate is currently testing the intermediate resistance of its short-term bearish channel in 1.3580 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.3670.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3580 with a 1st objective of 1.3670, then 1.3720. A break in 1.3560 would invalidate this scenario.
Performed by Albert Fitoussi, Analytical expert
The GBP/USD technical analysis and trading recommendations for September 12, 2011
The pound rate is declining further, the sell signal is still being observed with the first target at 1.5754 not reached yet. The formed sell signal is strong and confirmed, since the Chinkou Span fixated below the price graph and the price is below the Ichimoku cloud. At the moment the first target is 1.5754 the first support level. If this level is passed the second target will be the second support level at 1.5627. Downside movement remains while the price is below the Kijun-sen (1.5990), if the price fixates above this line it is recommended to cut short positions. The Chinkou Span is below the price graph, which confirms the current sell signal and indicates bearish sentiment. The Bollinger bands show continuing downside movement, the lines are slightly diverging and directed down. The MACD is descending, which indicates current downside movement, therefore it is possible to trade down now, however the reverse of the MACD to the upside will be a signal to cut short positions.
Trading recommendations:
Currently it is recommended to trade down with target at 1.5754 and further to 1.5627. Stop Loss should be placed above 1.5990 and stretched down as the Kijun-sen declines. It is recommended to cut short positions after the MACD reverses u.
Performed by Stanislav Polyanskiy, Analytical expert
The pound rate is declining further, the sell signal is still being observed with the first target at 1.5754 not reached yet. The formed sell signal is strong and confirmed, since the Chinkou Span fixated below the price graph and the price is below the Ichimoku cloud. At the moment the first target is 1.5754 the first support level. If this level is passed the second target will be the second support level at 1.5627. Downside movement remains while the price is below the Kijun-sen (1.5990), if the price fixates above this line it is recommended to cut short positions. The Chinkou Span is below the price graph, which confirms the current sell signal and indicates bearish sentiment. The Bollinger bands show continuing downside movement, the lines are slightly diverging and directed down. The MACD is descending, which indicates current downside movement, therefore it is possible to trade down now, however the reverse of the MACD to the upside will be a signal to cut short positions.
Trading recommendations:
Currently it is recommended to trade down with target at 1.5754 and further to 1.5627. Stop Loss should be placed above 1.5990 and stretched down as the Kijun-sen declines. It is recommended to cut short positions after the MACD reverses u.
Performed by Stanislav Polyanskiy, Analytical expert
EUR/USD Technical Correction, September 13, 2011
The analysis of long-term (weekly chart) euro-dollar pair shows that the last upward wave euro-dollar trend began in June 2010 and is still ongoing as long as the pair is trading above the level of support Finally, about $ 1.3200 per euro.
Given that markets are now unlikely to exist not agitated when the dust settles to make ends meet. However, chances are you have a break until the weekly pivot level 1.3840, then resume their downward trend in short term. We expect that the price reaches down to the level of important test of 1.3222, in order to locate positions of long-term purchase and return to the upward trend with target price of 1.3830 and $ 1.4464 per euro in the long term.
Performed by Gerardo Porras, Analytical expert
The analysis of long-term (weekly chart) euro-dollar pair shows that the last upward wave euro-dollar trend began in June 2010 and is still ongoing as long as the pair is trading above the level of support Finally, about $ 1.3200 per euro.
Given that markets are now unlikely to exist not agitated when the dust settles to make ends meet. However, chances are you have a break until the weekly pivot level 1.3840, then resume their downward trend in short term. We expect that the price reaches down to the level of important test of 1.3222, in order to locate positions of long-term purchase and return to the upward trend with target price of 1.3830 and $ 1.4464 per euro in the long term.
Performed by Gerardo Porras, Analytical expert
GBP/USD wave analysis for September 13, 2011
Yesterday during the whole day the GBP/USD currency pair was trading in a narrow price range stuck between the levels 1.5800 and 1.5880. At the same time the price tried to finish the formation of the 5th wave in the estimated 5th of the whole downtrend section initiated August 19. Thus, we might suppose that after observing the target level at the 1.5757 level the spot rate will start a correction movement to the upside to the 61 and 62 figure levels.
Performed by Alexander Dneprovskiy, Analytical expert
Yesterday during the whole day the GBP/USD currency pair was trading in a narrow price range stuck between the levels 1.5800 and 1.5880. At the same time the price tried to finish the formation of the 5th wave in the estimated 5th of the whole downtrend section initiated August 19. Thus, we might suppose that after observing the target level at the 1.5757 level the spot rate will start a correction movement to the upside to the 61 and 62 figure levels.
Performed by Alexander Dneprovskiy, Analytical expert
Fundamental market review for September 14, 2011
The euro is now in a defensive position amid fading hopes that China will buy Italian obligations. Investors have been considering the comments made by German Chancellor Angela Merkel on the stabilizing measures: she thinks they are to be long-term. Merkel also emphasized that the eurozone debt crisis is unlikely to be settled soon.
The euro has been facing downtrend risks amid remaining concerns over swelling European debt problems. Investors have been attaching great significance to the phone conference of Greek Prime Minister George Papandreou, German Chancellor Angela Merkel and French president Nicolas Sarkozy that is to take place later during the session, Tokyo Forex & Ueda Harlow Yuzo brokerage promotion manager Sakai says.
The European Commission will soon put forward its offers on eurozone obligation release, president of the European Commission Jos Manuel Barroso said on Wednesday. Yet he warned that it will not put an end to the crisis. "I want to confirm that the Commission will soon present options for the introduction of eurobonds," he said.
"Some of these could be implemented within the terms of the current treaty, and others would require treaty changes."
"But we must be honest: this will not bring an immediate solution for all the problems we face and it will come as an element of a comprehensive approach to further economic and political integration," he said.
Barroso highlighted the need for deeper integration of eurozone and added that it will not be until eurozone shows that it can fulfill its obligations that the financial markets will be confident in the ability of eurozone to overcome the crisis.
Performed by Natalia Grigorieva, Analytical expert
The euro is now in a defensive position amid fading hopes that China will buy Italian obligations. Investors have been considering the comments made by German Chancellor Angela Merkel on the stabilizing measures: she thinks they are to be long-term. Merkel also emphasized that the eurozone debt crisis is unlikely to be settled soon.
The euro has been facing downtrend risks amid remaining concerns over swelling European debt problems. Investors have been attaching great significance to the phone conference of Greek Prime Minister George Papandreou, German Chancellor Angela Merkel and French president Nicolas Sarkozy that is to take place later during the session, Tokyo Forex & Ueda Harlow Yuzo brokerage promotion manager Sakai says.
The European Commission will soon put forward its offers on eurozone obligation release, president of the European Commission Jos Manuel Barroso said on Wednesday. Yet he warned that it will not put an end to the crisis. "I want to confirm that the Commission will soon present options for the introduction of eurobonds," he said.
"Some of these could be implemented within the terms of the current treaty, and others would require treaty changes."
"But we must be honest: this will not bring an immediate solution for all the problems we face and it will come as an element of a comprehensive approach to further economic and political integration," he said.
Barroso highlighted the need for deeper integration of eurozone and added that it will not be until eurozone shows that it can fulfill its obligations that the financial markets will be confident in the ability of eurozone to overcome the crisis.
Performed by Natalia Grigorieva, Analytical expert
GBP/USD Intraday Technical analysis 2011-09-14
The spot rate is currently testing the lower limit of its medium term bearish channel in 1.5740 suggesting a rebound. However a break of these levels would initiate a bearish trend more violent.
According to previous events, the market indicates a bullish opportunity on the levels of 1.5740 with a 1st objective of 1.5830, then 1.5860. A break in 1.5720 would invalidate this scenario.
Performed by Albert Fitoussi, Analytical expert
The spot rate is currently testing the lower limit of its medium term bearish channel in 1.5740 suggesting a rebound. However a break of these levels would initiate a bearish trend more violent.
According to previous events, the market indicates a bullish opportunity on the levels of 1.5740 with a 1st objective of 1.5830, then 1.5860. A break in 1.5720 would invalidate this scenario.
Performed by Albert Fitoussi, Analytical expert
EUR/USD Intraday Technical analysis 2011-09-15
The spot rate approaches the upper limit of its short-term bullish channel in 1.3760 suggesting a decline. However a break of these levels would allow it to 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 1.3760 with a 1st objective of 1.3870, then 1.3890. A break in 1.3730 would invalidate this scenario.
Performed by Albert Fitoussi, Analytical expert
The spot rate approaches the upper limit of its short-term bullish channel in 1.3760 suggesting a decline. However a break of these levels would allow it to 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 1.3760 with a 1st objective of 1.3870, then 1.3890. A break in 1.3730 would invalidate this scenario.
Performed by Albert Fitoussi, Analytical expert
GBP/USD Intraday Technical analysis 2011-09-15
The spot rate approaches the upper limit of its short-term bearish channel in 1.5810 suggesting a decline. However a break of these levels would allow it to 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 1.5810 with a 1st objective of 1.5920, then 1.5950. A break in 1.5780 would invalidate this scenario.
Performed by Albert Fitoussi, Analytical expert
The spot rate approaches the upper limit of its short-term bearish channel in 1.5810 suggesting a decline. However a break of these levels would allow it to 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 1.5810 with a 1st objective of 1.5920, then 1.5950. A break in 1.5780 would invalidate this scenario.
Performed by Albert Fitoussi, Analytical expert
EUR/USD Intraday Technical analysis 2011-09-16
The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.3940 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.4480.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3940 with a 1st objective of 1.4050, then 1.4080. A break in 1.3910 would invalidate this scenario.
Performed by Albert Fitoussi, Analytical expert
The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.3940 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.4480.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3940 with a 1st objective of 1.4050, then 1.4080. A break in 1.3910 would invalidate this scenario.
Performed by Albert Fitoussi, Analytical expert
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Technical analysis on EU,GU and major pairs-part 2
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