Technical analysis on EU,GU and major pairs

[johny5]

GBP/USD candlestick analysis for September 30, 2011

The GBP/USD currency pair is demonstrating consolidation after a sharp decline and further rebound. Earlier in a 4-hour graph the GBP/USD pair formed a Falling Three Methods combination that gives us a bearish signal.
This combination was formed amid a downside movement after the pair could not break the resistance level near 1.6600, which means that the bulls could not solidify here and the bears started to increase their influence. At the same time each rollback was considered as a pause before further decline.
Break of the support level 1.5565 will denote that this point of view is correct. In this case we should expect a downfall to the support level 1.5344. Its break will cause downside movement to 1.5290.
It is worth mentioning that stop loss should be placed slightly above the 1.5932 level as its break will allow the pair to reach 1.6200.

Performed by Vladimir Donin, Analytical expert

 

[johny5]

Weekly Wave Analysis of EUR/USD 2011-10-03

The latest attempt of EUR/USD to renew the growth in favour of the euro ended with no success. In the result on Friday the price fell again below the level of the 34th figure. Thus, the appearing wave situation at the moment looks bias. This uncertainty is explained by that the 3rd wave of the downfalling part of the trend which had started on August 29-30, can take up a more complex structure. In that case after testing the levels 1.3350 1.3300, the price will start a dynamic upward rebound and the 3rd wave will get the form of a converging wedge, which in its turn will need confirmation of its inner wave marking.
At the same time, it is possible that the 5th wave of this trend will have a strongly prolonged form, developing in the direction of the first possible targets being below the mark of 1.2800.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

Weekly Wave Analysis of GBP/USD 2011-10-03

Despite a slow advance and following trade in the price range, GBP/USD still managed last week to test the rate of the 57th figure. So, the wave picture allows to assume that the low of September 22 is the finishing of a declining part of the trend which had started on August 19. If so, all this downfalling part can be seen as the 1st wave (or A) of a longterm lowering correction.
Meanwhile, till the start of a new period of quoting rates drop the 2nd wave (or B) should take up a more convincing view.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-10-04

The spot rate is currently testing the lower limit of its medium term bearish channel in 1.3150 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 1.3150 with a 1st objective of 1.3250, then 1.3280. A break in 1.3120 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-10-04

The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.5460 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.5540.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5460 with a 1st objective of 1.5540, then 1.5580. A break in 1.5440 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-10-05

The spot rate has rebounded on the lower limit of its medium-term bearish channel and approach to its intermediate resistance in 1.3350. A break of these levels would allow it to reach the upper limit of its channel to 1.3580.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3350 with a 1st objective of 1.3450, then 1.3480. A break in 1.3320 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-10-05

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.5470 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 1.5470 with a 1st objective of 1.5580, then 1.5610. A break in 1.5440 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-10-06

The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.3380 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.3550.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3380 with a 1st objective of 1.3480, then 1.3550. A break in 1.3350 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD wave analysis for October 6, 2011

During yesterdays trading the GBP/USD currency pair was trading in a narrow range with deviation amplitude 100 pips. At the same time the price is forming the inner wave structure of the upside correction developing in relation to the 3rd wave of the current downtrend section. If so, in the nearest time the pound might resume downside movement in the direction of levels located below the 53 figure mark.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-10-07

The spot rates approaches the upper limit of its medium term bearish channel in 1.3530 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 1.3530 with a 1st objective of 1.3630, then 1.3660. A break in 1.3500 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert