Technical analysis on EU,GU and major pairs

[johny5]

EUR/USD Intraday Technical analysis 2011-10-28

The spot rate broke the intermediate resistance of its medium term bullish channel in 1.4100 leading to an acceleration. A pull back on these levels is expected before a resumption of bullish.

According to previous events, the market indicates a bullish opportunity on the levels of 1.4100 with a 1st objective of 1.4200, then 1.4230. A break in 1.4070 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-10-28

The spot rate broke yesterday the upper limit of its medium term bullish channel in 1.6070 leading to an acceleration. A pull back on these levels is expected before a resumption of bullish.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6070 with a 1st objective of 1.6190, then 1.6220. A break in 1.6040 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-10-31

The spot rate approaches to the lower limit of its medium term bullish channel in 1.3920 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 1.3920 with a 1st objective of 1.4020, then 1.4050. A break in 1.3890 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-10-31

The spot rate is currently testing the intermediate support of its medium-term bullish channel in 1.5940 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.5830.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5940 with a 1st objective of 1.6040, then 1.6060. A break in 1.5910 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-11-02

The spot rate is currently testing the intermediate resistance of its medium-term bullish channel in 1.3740 suggesting a decline. However a break of these levels allow it to reach the upper limit of its channel to 1.3790.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3740 with a 1st objective of 1.3790, then 1.3840. A break in 1.3720 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-11-02

The spot rate is currently testing the intermediate resistance of its medium-term bullish channel in 1.6020 suggesting a decline. However a break of these levels allow it to reach the upper limit of its channel to 1.6210.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6020 with a 1st objective of 1.6110, then 1.6140. A break in 1.5990 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-11-03

The spot rate approaches to the upper limit of its medium-term bearish channel in 1.3740 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 1.3740 with a 1st objective of 1.3790, then 1.3840. A break in 1.3720 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-11-03

The spot rate approaches to the upper limit of its medium-term bearish channel in 1.5920 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 1.5920 with a 1st objective of 1.5980, then 1.6020. A break in 1.5900 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD wave analysis for November 4, 2011

Wave line pattern analysis:
The ECB decision on its rate and G20 summit contributed to uncertainty of the current wave situation for EUR/USD, though on the whole, a rising correction is developing (in relation to a falling zone shaped October 27 November 1) as it was expected. Within the framework of the correction the price has already finished a series of abc waves within the limits of a b alleged wave. If this is the case, then the euro may test 36 figure level from its yesterday highs (approximately 1.3930). At the same time it is worth mentioning that the position of indicators allows resuming falling trend and further growth of quotes to the October high.
General conclusions and trading recommendations:
Proceeding from the wave line pattern, the situation is unfolding in compliance with the scenario. The rising correction is continuing; it is not recommended to trade it off. Abc waves formed within b wave can suggest that correction is over, that is why from the current rates we can see the declining trend part resuming. So, if this point of view is true, then as soon as the downward trend resumes bearish trading targeted to 1.3482 would be recommended (23.6% Fibonacci). The Stochastic Oscillator position does not support either variant, yet does not deny any as well.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-11-04

The spot rate approaches to the upper limit of its medium-term bearish channel in 1.6060 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 1.6060 with a 1st objective of 1.6130, then 1.6150. A break in 1.6040 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert