Technical analysis on EU,GU and major pairs

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johny5

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EUR/USD Intraday Technical analysis 2011-12-19


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 1.3320.

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

Well-Known Member
GBP/USD Intraday Technical analysis 2011-12-19


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
 

johny5

Well-Known Member
EUR/USD Intraday Technical analysis 2011-12-20


The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.3050 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.3290.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3050 with a 1st objective of 1.3120, then 1.3150. A break in 1.3030 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
 

johny5

Well-Known Member
GBP/USD Intraday Technical analysis 2011-12-20


The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.5540 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.5590.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5540 with a 1st objective of 1.5590, then 1.5620. A break in 1.5520 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
 

johny5

Well-Known Member
EUR/USD Intraday Technical analysis 2011-12-21


The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.3130 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.3270.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3130 with a 1st objective of 1.3190, then 1.3230. A break in 1.3110 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
 

johny5

Well-Known Member
GBP/USD Intraday Technical analysis 2011-12-21


The spot rate is currently testing the upper limit of its medium term bearish channel in 1.5705 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 1.5705 with a 1st objective of 1.5770, then 1.5790. A break in 1.5690 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
 

johny5

Well-Known Member
EUR/USD Intraday Technical analysis 2011-12-22


The spot rate is currently testing the upper limit of its medium term bearish channel in 1.5770 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 1.5770 with a 1st objective of 1.5850, then 1.5870. A break in 1.5750 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
 

johny5

Well-Known Member
EUR/USD Intraday Technical analysis 2011-12-22


The spot rate broke the intermediate resistance of its medium term bearish channel in 1.3010 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 1.3010 with a 1st objective of 1.3070, then 1.3090. A break in 1.2990 would invalidate this scenario.


Performed by Albert Fitoussi, Analytical expert
 

johny5

Well-Known Member
EUR/USD Intraday Technical analysis 2011-12-23


The spot rate broke the intermediate resistance of its medium term bearish channel in 1.3005 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 1.3005 with a 1st objective of 1.3070, then 1.3090. A break in 1.2980 would invalidate this scenario.


Performed by Albert Fitoussi, Analytical expert
 

johny5

Well-Known Member
GBP/USD Intraday Technical analysis 2011-12-23


The spot rate is currently testing the intermediate support of its medium term bullish channel in 1.5640 suggesting a rebound. However a break of these levels would entail a decline to the lower limit of this one to 1.5400.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5640 with a 1st objective of 1.5720, then 1.5750. A break in 1.5620 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
 
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