Technical analysis on EU,GU and major pairs

[johny5]

EUR/USD: Weekly Technical Levels for December 26th -- 30th, 2011

Drag your Fibonacci retracement levels from the lower to the higher of the last week from 19th -- 23rd of December, 2011 in order to determine low and high price.

Average = (Higher - Lower) / 2
Average = 1.3090

Range was: 215 pips.
The value of 50% Fibonacci retracement levels is: 1.3090.
1.33 will be formed a strong support.
1.28 will be formed a strong resistance.
Volatility is 281.40 so the market has called for a high volatile.
It should be noted that the price has still been trapped between 1.295 and 1.320.
Pivot point will be formed a strong level, it's meaning that the market will call for bullish if the price is above it.

Observation (s):

If the strength of the trend for pair is an uptrend, then the strength of the currency: EUR is an uptrend and USD is a downtrend.
Most of traders use the Fibonacci retracement to determine accurate psychology level of support and resistance.
Volatility Formulas: Variation = Average * (Higher - Lower).


Performed by Mourad El Keddani, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis & Trade Recommendation December 26, 2011

Last Friday, GBP/USD had consolidation range between 1.5646 - 1.5725.

Our view for the pair is still bearish as we we had strong bearish reaction after hiting the resistance level at 1.5770 & the pair formed a Head & Shoulders reversal pattern manifested more clearly on the 1H chart.

On Friday, we suggested SELLING the pair after closure below 1.5645 targetting 1.5605 then 1.5555 then the pair made the breakout and recorded a low at 1.5582 that quite didn't reach the 2nd TP level for our position.

Now the pair is approaching the lower limit of the broken consolidation range at 1.5646 which is also the neckline of the confirmed Head & Shoulders reversal pattern.

This indicates another short entry at 1.5646 with TP at 1.5605,1.5555 then 1.5505 & SL should be 4H closure above 1.5700.

Performed by Mohamed Samy, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-12-27

The spot rate is currently testing 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 1.5760.

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 1.5700, then 1.5720. A break in 1.5630 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-12-27

The spot rate approach to the lower limit of its medium term bullish channel in 1.3040 suggesting a rebound. However a break of these levels would entail a bearish channel.

According to previous events, the market indicates a bullish opportunity on the levels of 1.3040 with a 1st objective of 1.3090, then 1.3120. A break in 1.3020 would invalidate this scenario.


Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-12-28

The spot rate approach to the lower limit of its medium term bullish channel in 1.3050 suggesting a rebound. However a break of these levels would entail a bearish channel.

According to previous events, the market indicates a bullish opportunity on the levels of 1.3050 with a 1st objective of 1.3090, then 1.3120. A break in 1.3030 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-12-28

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.5680 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 1.5680 with a 1st objective of 1.5740, then 1.5770. A break in 1.5660 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-12-29

The spot rate is currently testing the intermediate support of its medium term bullish channel in 1.2880 suggesting a rebound. However a break of these levels would entail a decline to the lower limit of this one to 1.2710.

According to previous events, the market indicates a bearish opportunity as soon as the spot rate will have broken its support in 1.2880 with a 1st objective of 1.2830, then 1.2810. A break in 1.2900 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-12-29

The spot rate is moving in a medium-term trading range and approach to the lower limit of this one in 1.5420 suggesting a rebound. However a break of these levels would initiate a bearish trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5420 with a 1st objective of 1.5480, then 1.5500. A break in 1.5400 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-12-30

The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.2930 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.3020.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 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 2011-12-30

The spot rate is currently testing the lower limit of its medium term bearish channel in 1.5360 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 1.5360 with a 1st objective of 1.5420, then 1.5450. A break in 1.5340 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert