Technical analysis on EU,GU and major pairs

[johny5]

GBP/USD Intraday Technical analysis 2011-10-21

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 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 1.5860 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

 

[4xpipcounter]

Re: GBP/USD Intraday Technical analysis 2011-10-21

Johnny, what happened here. The time you posted this the 1.5860 area was already broken.

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 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 1.5860 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 2011-10-24

The spot rate approaches to the upper limit of its medium term bullish channel in 1.3910 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 1.3910 with a 1st objective of 1.4010, then 1.4050. A break in 1.3880 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-10-24

The spot rate approaches to the upper limit of its medium term bullish channel in 1.5980 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 1.5980 with a 1st objective of 1.6080, then 1.6100. A break in 1.5950 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-10-25

The spot rate approaches to the upper limit of its medium term bullish channel in 1.3980 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 1.3980 with a 1st objective of 1.4080, then 1.4100. A break in 1.3950 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD wave analysis for October 25, 2011

Following a rather sluggish Asian session, yesterday in the afternoon GBP/USD pair attempted to resume its upside movement, having consolidated near the 60th figure by the end of the trading session. Thus, the pound is most likely to be continuing shaping an internal wave structure of the future wave (from the third one). If this is the case, proceeding from the correlation between the waves a and c with the upside part of the trend starting October 6, the target level for wave c (from the third one) is near the 16200 level. Yet despite the fact that the stochastic has already entered the overbought zone, the price may well hit the specified values.
General conclusions and trading recommendations:
Proceeding from the picture, the currency pair may well grow. The 3rd wave is most likely to get prolonged. Proceeding from the fact that 3 in c (of the third senior one) has not yet finished, it is recommended to keep on trading moving towards the target of approximately 1.6210. 1.5989 and 1.6073 Fibonacci correction levels (61,8% and 76,4%) are intermediary targets. Once the price is moving to the 1.62 level, it is recommended to clarify the wave marking to get a more detailed vision of the situation and more precise trading aims regarding this currency pair.


Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Level For October 26th / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3965.
Strong Resistance : 1.3957.
Original Resistance : 1.3944.
Inner Sell Area : 1.3931.
Target Inner Area : 1.3898.
Inner Buy Area : 1.3865.
Original Support : 1.3852.
Strong Support : 1.3839.
Breakout SELL Level : 1.3831.

DESCRIPTION :

Today EUR/USD has the support and resistance at 1.3852 and 1.3944 is accompanied by a strong support at 1.3839 and 1.3957 for the strong resistance; If today's EUR/USD can breakout and close below the 1.3831 level then this indicates considerable Bearish strength, while if the EUR/USD today can breakout and close above the 1.3965 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3865 and 1.3931 for SELL position in which both the target at the 1.3898 level.

Performed by Arief Makmur, Analytical expert

 

[johny5]

AUD/USD Elliott wave count and Fibonacci levels for October 26, 2011

AUD/USD is developing wave A of medium term uptrend (colored light green in the chart). Within this wave there are A, B and C subwaves (colored royal blue in the chart), and subwave C is developing from 1.0117. Within the latter wave C there are 4 subwaves (colored red in the chart) with subwave 4 still developing from 1.0500. The targets above the current price are Fibonacci expansions off 0.9387-1.0371-1.0117, 1.0117-1.0353-1.0146.

Resistances:

- 1.0528 = expanded objective point (XOP)
- 1.0725 = contracted objective point (COP)
- 1.0764 = super expanded objective point (SXOP)

If the price reverses to the downside the immediate supports will be Fibonacci retracements of 1.0146-1.0500, and expansions off 1.0500-1.0396-1.0481.

Supports:

- 1.0323 = .50 ret
- 1.0313 = XOP
- 1.0281 = .618 ret
- 1.0209 = SXOP

Overbought/Oversold

Assuming that the larger wave is now moving up it's preferable to try long positions when the Detrended Oscillator goes below the zero level (5-10 pips below the current prices) or gets into the oversold area (20-30 pips below the current prices).

Performed by Roman Molodiashin, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-10-27

The spot rate is currently testing the upper limit of its medium term bullish channel in 1.4000 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 1.4000 with a 1st objective of 1.4100, then 1.4120. A break in 1.3970 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-10-27

The spot rate is currently testing the upper limit of its medium-term bearish channel in 1.6040 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 1.6040 with a 1st objective of 1.6140, then 1.6180. A break in 1.6010 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert