Technical analysis on EU,GU and major pairs

[johny5]

GBP/USD technical analysis for September 16

As expected, during yesterday trading the GBP/USD continued to form the inner wave structure of the upside correction. At the same time, the correction level 38.2% (1.6055) might act as a possible target for such correction. In the meantime, the whole correction structure would look much more convincing if the level 50.00% (1.6160) coinciding with the upper limit of the inclined corridor was hit.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

EUR/USD candlestick analysis (long-term view) 2011-09-19

The EUR/USD currency pair closed with a sharp advance last 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 wave analysis. Week review 2011-09-19

During last week trading the GBP/USD currency pair nearly passed the 57 figure level. After this it started to trade in the range trying to form the beginning of an upside correction. At the same time, given the nearness of the lower line of the old upside corridor we might suppose that the price will try to return into its limits. In this case there is a possibility that within such future upside correction structure the rate might reach 1.6055 1.6160.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-09-20

The spot rate has bounced on the lower limit of its medium term bearish channel in 1.3570 and approach to the intermediate resistance of its channel to 1.3660. A break of these levels would allow it to reach the upper limit of its channel to 1.3720.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3660 with a 1st objective of 1.3720, then 1.3760. A break in 1.3640 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Bullish Outlook September 20 2011 (Daily Strategy)

The pair sterling - U.S. dollar once again operates around the 1.5700 support level and therefore represents an interesting opportunity for the buy. In the short term is expected to advance easily pair towards 1.5880 resistance first, but then the pair-dollar British pound will have to face the important 1.5850 level test.

The clean break from the standard of proof represents an indication of the high potential for continued upward movement also to longer ranges. Preferred price targets for the year are around the 1.6000 resistance levels. On the contrary, the continuing negative trend with the drilling of 1.5550 support will finally end the positive outlook and lead to a new analysis of the situation.

Performed by Gerardo Porras, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-09-21

The spot rates approach to the upper limit of its medium term bearish channel in 1.3740 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 1.3740 with a 1st objective of 1.3830, then 1.3860. A break in 1.3720 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-09-21

The spot rates approach to the upper limit of its medium term bearish channel in 1.5750 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 1.5750 with a 1st objective of 1.5850, then 1.5870. A break in 1.5720 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis September 22, 2011

EUR/USD currency pair is now testing the low of last Monday at 1.3495.

Although the daily closure of yesterday is bearish, The current support level 1.3430 mentioned before at previous articles is considerable.

This may be a low risk long opportunity at 1.3430 with SL daily closure below the entry level.

TP will be 1.3490, 1.3530 then 1.3600.

Performed by Mohamed Samy, Analytical expert

 

[johny5]

GBP/USD wave analysis for September 22, 2011

During yesterdays trading the GBP/USD currency pair confirmed our concerns over possible resumption of dynamic downside movement. At the same time, this decline became avalanche after the release of the FOMC announcement, and the 5th wave in the estimated 3rd is probably prolonged. If so, targets of the whole downtrend initiated August 19 can be moved to the 53 figure level. 

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

EUR/USD Rebound , September 23, 2011 (Daily Strategy)

The euro United States dollar pair, there is a very high probability for the start of a corrective move upwards in the direction of price levels in the region of 1.3740.
A small recovery in the markets will enable the euro United States dollar pair to move back the important resistance level in the region of 1.4000. This is will also be the test level for the pair with regard to its ability to continue onwards and begin a new upwards trend.


Performed by Gerardo Porras, Analytical expert