Technical analysis on EU,GU and major pairs

[johny5]

EUR/USD Intraday Technical analysis 2011-12-12

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.3420 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 1.3420 with a 1st objective of 1.3490, then 1.3520. A break in 1.3400 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-12-12

The spot rate is currently testing the lower limit of its medium term bearish channel in 1.5560 suggesting a rebound. However a break of these levels would entail a bearish channel more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5560 with a 1st objective of 1.5630, then 1.5650. A break in 1.5540 would invalidate this scenario.


Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Bearish Outlook, December 13, 2011 (Weekly Strategy)

We have the Euro - U.S. Dollar, in clear strong support, historically on October 02 I come to the same level and provoke a rebound, that I take it up to the 1.4200, which has been consumed again to the fall up to the exact 1,32. at this moment we do not recommend buy or selling. Our strategy remains bearish. we must watch, if you buy the market may not lead to a fall deeper and if we sell, it may cause imminent rebound. we must be careful when there are these scenarios. Our weekly chart marks the monthly support level(M_S1) 1.3147 a strong floor. If this level is perforated, we could see a sharp fall of the euro to the level of 1.2800. On the other hand, if the rise occurs timid euro could lead to the nearest month resistance of 1.3800. at these levels can sell a long-term goal to 1.2840 dollars per euro.

Performed by Gerardo Porras, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-12-13

The spot rate approach to the lower limit of its medium term bearish channel in 1.5530 suggesting a rebound. However a break of these levels would entail a bearish channel more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5530 with a 1st objective of 1.5590, then 1.5620. A break in 1.5510 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-12-14

The spot rate approach to the lower limit of its medium term bearish channel in 1.2930 suggesting a rebound. However a break of these levels would entail a bearish channel more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 1.2930 with a 1st objective of 1.2990, then 1.3020. A break in 1.2910 would invalidate this scenario.


Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-12-14

The spot rate broke the lower limit of its medium term bearish channel in 1.5530 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 1.5530 with a 1st objective of 1.5450, then 1.5430. A break in 1.5550 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-12-15

The spot rate is currently testing the lower limit of its medium term bearish channel in 1.2920 suggesting a rebound. However a break of these levels would entail a bearish channel more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 1.2920 with a 1st objective of 1.2980, then 1.3010. A break in 1.2900 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD: Tight Sideway Range. 2011-12-15

Pivot Point: 1.5469.

GBP/USD:

• Resistance: 1.5525.
• Support: 1.5400.

It should be noted that the market was not stable and trend was not also so clear (It was tight sideway range), aswell according to previous events, the price has still been trapped between 1.55 and 1.54 so it is of the wisdom to be careful at this area. Therefore first step is wait for a period of tight sideway range market before open any position. Then, it will probably that the market is going to start showing the signs of bullish market. In other words, it will be a good sign to buy above 1.54 with a first target of 1.5469 and it'll climb towards 1.5525. However, If the the pair could not break 1.5525, hence the market will indicate a bearish opportunity below 1.5530 then the level will be act really as strong resistance, for that it will a good sign to sell below 1.5530 with a first target of 1.5469 (Pivot point) and it will call for downtrend in order to continue bearish towards 1.5407 (S1).


Intraday Technical levels ((15th of December 2011)):

R3:1.5653
R2:1.5592
R1:1.5530
PP:1.5469
S1:1.5407
S2:1.5346
S3:1.5284


Definition (s):


Range I A long-term mean reversion strategy that looks to go against strong divergence from the pairs average value. It will typically hold trades for an extended period of time and is one of the slower moving trading strategies.
Range II Like Breakout 2, uses sentiment as a filter for its trades. It will use a simple oscillator range trading strategy but only take the trading signals if SSI is not at extremes. It is fairly short-term in nature and will tend to trade very little during times of strong trending moves. It is likewise one of the most volatility-sensitive trading systems and will tend to do poorly during times of sharp currency moves.

Observation (s):

Please check out the market volatility before investing, because the sight price may have already been reached and scenarios become invalidate.
Stop Loss should NEVER exceed your maximum exposure amounts.

Performed by Mourad El Keddani, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-12-16

The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.3060 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.3340.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3060 with a 1st objective of 1.3120, then 1.3150. A break in 1.3040 would invalidate this scenario.


Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-12-16

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.5560 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 1.5560 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