Technical analysis on EU,GU and major pairs

[johny5]

GBP/USD Intraday Technical analysis 2011-10-07

The spot rate approaches to the upper limit of its medium term bearish channel in 1.5490 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 1.5490 with a 1st objective of 1.5590, then 1.5620. A break in 1.5460 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-10-10

The spot rate approaches the upper limit of its medium term bearish channel in 1.3510 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 1.3510 with a 1st objective of 1.3610, then 1.3630. A break in 1.3480 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD candlestick analysis for October 10, 2011

The GBP/USD currency pair is demonstrating a rebound after it could not fixate below the support level 1.5344. Nevertheless the viewpoint at the pair remains bearish.
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]

EUR/USD Intraday Technical analysis 2011-10-11

The spot rate broke the intermediate resistance of its medium term bearish channel leading to an acceleration. It's currently approaches to the upper limit of its channel in 1.3800. 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 1.3800 with a 1st objective of 1.3900, then 1.3930. A break in 1.3770 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-10-11

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.5700 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 1.5700 with a 1st objective of 1.5800, then 1.5820. A break in 1.5670 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-10-12

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.3710 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 1.3710 with a 1st objective of 1.3820, then 1.3850. A break in 1.3680 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-10-12

The spot rate is currently testing the upper limit of its medium term bearish channel 1.5690 suggesting a decline. However a break of these levels it 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 1.5690 with a 1st objective of 1.5790, then 1.5820. A break in 1.5660 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Buy up to 1.4000 , October 13, 2011

The weekly chart analysis of the pair, reflecting the high levels of resistance of euro-dollar pair on their way upstream. The first objective of short-term price is around 1.4000, but if it manages to overcome the resistance level and breaks the upstream channel, the pair is expected to more easily continue towards its goal of mid-price run around the 1.4500 and 1.4700 resistance level. Now, if the pair higher than the threshold test of 1.4050 will result in a technical confirmation regarding continuation of the upward movement weekly, towards the goal of medium term price to around 1.4700 U.S. dollars per euro.

On the other hand if the pair fails to close its weekly quote at the end of October is trading below 1.4000 is expected to again go back to the 1.3400 support level. At this point we will take another decision according to current events.

Performed by Gerardo Porras, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-10-13

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.5790 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 1.5790 with a 1st objective of 1.5890, then 1.5920. A break in 1.5760 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-10-14

The spot rate is currently testing the upper limit of its medium-term bearish channel in 1.3850 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 1.3850 with a 1st objective of 1.3950, then 1.3980. A break in 1.3820 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert