Technical analysis on EU,GU and major pairs

[johny5]

EUR/USD Intraday Technical analysis 2011-11-21

The spot rate approaches to the lower limit of its medium term bullish channel in 1.3490 suggesting a rebound. However a break of these levels would free significant potential and initiate a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1.3490 with a 1st objective of 1.3550, then 1.3580. A break in 1.3470 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-11-21

The spot rate approach to the intermediate support of its medium-term bearish channel in 1.5680 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.5570.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5680 with a 1st objective of 1.5750, then 1.5770. A break in 1.5660 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-11-22

The spot rate approaches to the lower limit of its medium term bullish channel in 1.3440 suggesting a rebound. However a break of these levels would initiate a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1.3440 with a 1st objective of 1.3510, then 1.3540. A break in 1.3420 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD wave analysis for November 22, 2011

In the beginning of the week the GBP/USD fell by almost 3 figures, which allowed it to stop at 1.5610 later in the day. Therefore the price continued moving within the downside trend section, thus forming the inner wave structure of the 5th wave in the estimated 3rd (or c). If so, the 5th wave itself still does not look complete and allows the possibility of the downside movement to resume in the direction of the target level between 1.5565-1.5550.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-11-23

The spot rate approaches to the lower limit of its medium term bullish channel in 1.3430 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 1.3430 with a 1st objective of 1.3480, then 1.3500. A break in 1.3410 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-11-23

The spot rate approach to the intermediate resistance of its medium-term bearish channel in 1.5650 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.5780.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5650 with a 1st objective of 1.5720, then 1.5750. A break in 1.5630 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-11-24

The spot rate is currently testing the lower limit of its medium-term bearish channel in 1.3320 suggesting a rebound. However a break of these levels would initiate a bearish trend more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 1.3320 with a 1st objective of 1.3380, then 1.3400. A break in 1.3300 would invalidate this scenario.


Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-11-24

The spot rate is currently testing the lower limit of its medium-term bearish channel in 1.5490 suggesting a rebound. However a break of these levels would initiate a bearish trend more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5490 with a 1st objective of 1.5550, then 1.5580. A break in 1.5470 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-11-25

The spot rate is currently testing the lower limit of its medium-term bearish channel 1.3290 suggesting a rebound. However a break of these levels would initiate a bearish trend more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 1.3290 with a 1st objective of 1.3350, then 1.3380. A break in 1.3270 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-11-25

The spot rate is currently testing the lower limit of its medium-term bearish channel 1.5430 suggesting a rebound. However a break of these levels would initiate a bearish trend more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5430 with a 1st objective of 1.5490, then 1.5520. A break in 1.5410 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert