Technical analysis on EU,GU and major pairs

[johny5]

GBP/USD Intraday Technical analysis 2011-10-14

The spot rate is currently testing the upper limit of its medium-term bearish channel in 1.5780 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 1.5780 with a 1st objective of 1.5890, then 1.5920. A break in 1.5750 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-10-17

The spot rate is currently testing the intermediate resistance of its medium-term bullish channel in 1.3920 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.4060.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3920 with a 1st objective of 1.4030, then 1.4060. A break in 1.3890 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-10-17

The spot rate approach to the upper limit of its medium term bullish channel in 1.5890 suggesting a decline. However a break of these levels would free up significant potential and 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 1.5890 with a 1st objective of 1.5990, then 1.6020. A break in 1.5860 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-10-18

The spot rate is currently testing the intermediate support of its medium-term bullish channel in 1.3730 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.3580.

According to previous events, the market indicates a bullish opportunity on the levels of 1.3730 with a 1st objective of 1.3830, then 1.3850. A break in 1.3700 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-10-18

The spot rate is currently testing the lower limit of its medium term bullish channel in 1.5730 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 1.5730 with a 1st objective of 1.5830, then 1.5850. A break in 1.5700 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-10-19

The spot rate is currently testing the intermediate resistance of its medium-term bullish channel in 1.3850 suggesting a decline. However a break of these levels allow it to reach the upper limit of its channel to 1.4040.

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

 

[johny5]

GBP/USD Bullish Outlook, October 19, 2011

The British pound waiting to be seen in trade with bullish results this week after reports on inflation in the country revealed a slight rise last month.

The United Kingdom pound United States dollar pair is testing the strong resistance of 1.5850, this level of resistance, has served as a strong barrier in continuation of its upward sequence, if on this occasion the pair manages to close the daily quote, above this level for the following days we will have a pound to trade at levels 1.6000 or more. On the other hand the breakdown of the channel trendline could lead to the previous minimum 1.5500


Performed by Gerardo Porras, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-10-19

The spot rate approaches to the upper limit of its medium term bullish channel in 1.5860 suggesting a decline. However a break of these levels would allow it to initiate an 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 1.5860 with a 1st objective of 1.5960, then 1.5980. A break in 1.5830 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-10-20

The spot rate is currently testing the intermediate resistance of its medium-term bullish channel in 1.3880 suggesting a decline. However a break of these levels allow it to reach the upper limit of its channel to 1.4070.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3880 with a 1st objective of 1.3980, then 1.4020. A break in 1.3850 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-10-21

The spot rate approaches to the upper limit of its medium-term bearish channel in 1.3860 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 1.3860 with a 1st objective of 1.3960, then 1.3980. A break in 1.3830 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert