Technical analysis on EU,GU and major pairs

[johny5]

EUR/USD Intraday Technical analysis 2011-11-07

The spot rate approaches to the lower limit of its medium term bullish channel in 1.3710 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 1.3710 with a 1st objective of 1.3790, then 1.3810. A break in 1.3690 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-11-07

The spot rate is currently testing the intermediate support of its medium-term bullish channel in 1.6005 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.5960.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6005 with a 1st objective of 1.6075, then 1.6100. A break in 1.5985 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-11-08

The spot rate approaches to the upper limit of its medium-term bearish channel in 1.3790 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 1.3790 with a 1st objective of 1.3850, then 1.3890. A break in 1.3770 would invalidate this scenario.


Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-11-08

The spot rate is currently testing the intermediate support of its medium-term bullish channel in 1.6010 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.5960.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6010 with a 1st objective of 1.6080, then 1.6120. A break in 1.5990 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-11-09

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 would allow it to reach the upper limit of its channel to 1.3900.

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 1.3900, then 1.3920. A break in 1.3830 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-11-09

The spot rate approach to the intermediate support of its medium-term bullish channel in 1.6070 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.6030.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6070 with a 1st objective of 1.6120, then 1.6150. A break in 1.6050 would invalidate this scenario.


Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-11-10

The spot rate approach to the intermediate support of its medium-term bearish channel in 1.3430 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.3290.

According to previous events, the market indicates a bullish opportunity on the levels of 1.3430 with a 1st objective of 1.3500, then 1.3520. A break in 1.3410 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-11-09

The spot rate approach to the intermediate support of its medium-term bullish channel in 1.6070 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.6030.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6070 with a 1st objective of 1.6120, then 1.6150. A break in 1.6050 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-11-11

The spot rate approaches to the upper limit of its medium term trading range in 1.3635 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 1.3635 with a 1st objective of 1.3690, then 1.3720. A break in 1.3615 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-11-11

The spot rate approaches to the lower limit of its medium-term bearish channel in 1.5860 suggesting a rebound. However a break of these levels would release significant potential and initiate a bearish trend more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5860 with a 1st objective of 1.5920, then 1.5950. A break in 1.5840 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert