Technical analysis on EU,GU and major pairs

[johny5]

GBP/USD Intraday Technical analysis 2011-09-23

The spot rate has bounced on the lower limit of its medium term bearish channel in 1.5320 and approach to the intermediate resistance of this one in 1.5470. A break of these levels would allow it to reach the upper limit of its channel to 1.5640.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5470 with a 1st objective of 1.5580, then 1.5640. A break in 1.5440 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-09-26

The spot rate is currently testing the intermediate support of its medium term bearish channel in 1.3390 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.3320.

According to previous events, the market indicates a bullish opportunity on the levels of 1.3390 with a 1st objective of 1.3490, then 1.3530. A break in 1.3360 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD wave analysis for September 26, 2011

Slow movement of the GBP/USD to the upside can be interpreted as the end of downside trend section within the 3rd wave, in the 5th. If so, after the end of this movement in favour of the British currency the price might make an attempt to test the 53 figure level again. At the same time it is quite possible that this testing will initiate the beginning of a continuous upside correction.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

EUR/USD Bullish Above 1.3560 , September 27, 2011

The pair euro-dollar managed to lose about 1000 points since the outbreak of the current crisis, four months ago. From a technical perspective, the pair currently operates above the 1.3560 weekly pivot. In the short term there are good chances the start of an upward corrective movement towards the 1.3800 price level. and even more to the 1.4150 resistance level.
This is also the test point for the pair in their ability to move forward and begin a new uptrend. Be alert to a close below 1.3500 would negate our pespectiva bullish about the pair.

Performed by Gerardo Porras, Analytical expert

 

[johny5]

GBP/USD wave analysis for September 27, 2011

In general as expected, during yesterdays trading the GBP/USD currency pair continued to develop its upside correction. Thus we can suppose that the price is forming the inner wave structure of the 4th wave of the whole downside trend initiated August 19. At the same time, because of the extreme prolongation in the 3rd wave the future 5th will probably become shortened by trying to test the 53 figure level.
Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

EUR/USD candlestick analysis (long-term view) 2011-09-28

The EUR/USD currency pair is trading with a slight rise this week after it could not break the support level at 1.3427.
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. Its break will target the pair to 1.2869.
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 Intraday Technical analysis 2011-09-28

The spot rate approaches to the lower limit of its medium-term bullish channel in 1.5600 suggesting a rebound. However a break of these levels would release a large potential of drop and initiate a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5600 with a 1st objective of 1.5700, then 1.5720. A break in 1.5570 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-09-29

The spot rates approach to the upper limit of its medium term bearish channel in 1.3690 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 1.3690 with a 1st objective of 1.3800, then 1.3840. A break in 1.3660 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-09-29

The spot rate approaches to the lower limit of its medium-term bullish channel in 1.5620 suggesting a rebound. However a break of these levels would release a large potential of drop and initiate a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5620 with a 1st objective of 1.5720, then 1.5750. A break in 1.5590 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Level For September 30th / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3561.
Strong Resistance : 1.3653.
Original Resistance : 1.3640.
Inner Sell Area : 1.3627.
Target Inner Area : 1.3595.
Inner Buy Area : 1.3563.
Original Support : 1.3550.
Strong Support : 1.3537.
Breakout SELL Level : 1.3529

Today EUR/USD has the support and resistance at 1.3550 and 1.3640 is accompanied by a strong support at 1.3537 and 1.3653 for they strong resistance; If today's EUR/USD can breakout and close below the 1.3529 level then this indicates considerable Bearish strength, while if the EUR/USD today can breakout and close above the 1.3561 level then this indicates considerable Bullish strength . Alternatively you can trade in a way to open BUY position at the level of 1.3563 and 1.3627 for SELL position in which case both targets are at the 1.3595 level.

Performed by Arief Makmur, Analytical expert