Technical analysis on EU,GU and major pairs

[johny5]

EUR/USD Intraday Technical analysis 2011-11-28

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The spot rate broke the intermediate support of its medium-term bearish channel in 1.3350 leading to an acceleration. A pull back on these levels is expected before a resumption of bearish.

According to previous events, the market indicates a bearish opportunity on the levels of 1.3350 with a 1st objective of 1.3270, then 1.3250. A break in 1.3370 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-11-28

The spot rate is currently testing the intermediate resistance of its medium-term bearish channel in 1.5530 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.5660.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5530 with a 1st objective of 1.5600, then 1.5630. A break in 1.5510 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-11-29

The spot rate is currently testing the upper limit of its medium-term bearish channel in 1.3390 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 1.3390 with a 1st objective of 1.3470, then 1.3490. A break in 1.3370 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-11-29

The spot rate is currently testing the intermediate resistance of its medium-term bearish channel in 1.5560 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.5620.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5560 with a 1st objective of 1.5620, then 1.5650. A break in 1.5540 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-11-30

The spot rate is currently testing the intermediate support of its medium-term bearish channel in 1.3280 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.3160��.

According to previous events, the market indicates a bullish opportunity on the levels of 1.3280 with a 1st objective of 1.3350, then 1.3380. A break in 1.3260 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-11-29

The spot rate is currently testing the intermediate resistance of its medium-term bearish channel in 1.5560 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.5620.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5560 with a 1st objective of 1.5620, then 1.5650. A break in 1.5540 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Buy Above 1.3330 December 01, 2011 (Weekly Strategy)

The pair Euro - U.S. dollar has recovered from the downward pressure that led to the minimum of 1.3250, when yesterday registered a maximum of 1.3530, almost 300 pips rebound after the announcement that major central banks would coordinate efforts to ensure that there is no shortage of global liquidity crisis due to the current euro-zone.

We must be attentive to the response to be given to the situasion of the crisis; has been given a period of 10 days for financial decisions.

We therefore recommend be cautious because this scenario has not yet even finished.

At the level of technical analysis, we note that the euro has broken an overwhelming its downtrend, we even lack the "Pull Back" that arises whenever a pair trends change, so we recommend buy at lower levels of 1.3330 (this level coinside with weekly pivot point) with a target end of the year to the level of 1.3830 dollars per euro.

Performed by Gerardo Porras, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis ( Channel Breakout Opportunity ) December 1, 2011

In the period between 11-25 November, GBP/USD was treding down making lower lows & lower highs inside the marked channel.

Finally the pair found support at 1.5420 which stopped further decline of the pair price.

Yesterday we had a strong bullish breakout of this steep bearish channel with a full body bullish candlestick which stopped at 38.2% Fibonacci level at 1.5700.

It's important to note that the pair has a strong resistance area between 1.5870-1.5910 where the lower limit of previous congestion zone, previous lows & Fibonacci level 61.8% are located.

Performed by Mohamed Samy, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-12-02

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.3520 and seems to initiate a decline. However a break of these levels would free up significant potential and initiate a bullish trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3520 with a 1st objective of 1.3590, then 1.3620. A break in 1.3500 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-12-02

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.5740 and seems to initiate a decline. However a break of these levels would free up significant potential and initiate a bullish trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5740 with a 1st objective of 1.5820, then 1.5850. A break in 1.5720 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert