Technical analysis on EU,GU and major pairs

[johny5]

GBP/USD Intraday Technical Analysis 2012-01-16

The spot rate is currently testing the lower limit of its medium term bearish channel at 1.5240 suggesting a rebound. However, breaking through these levels will make the bearish channel more violent.
According to the recent events, the market indicates a bullish opportunity at the levels of 1.5240 with the 1st objective of 1.5310, and then at 1.5330. Passing 1.5220 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-01-16

The spot rate is currently testing the intermediate support of its medium term bearish channel at 1.2610 suggesting a rebound. However, a break of these levels would entail a decline to the lower limit of this one - to 1.2505.
According to previous events, the market indicates a bullish opportunity at the levels of 1.2610 with the 1st target at 1.2680, then at 1.2710. A break at 1.2590 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-01-17

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.5380 and seems to initiate a decline. However, a break of these levels will free up significant potential and initiate a bullish trend.
Technical indicators give signals to buyers, but are approaching the overbought zone suggesting a decline.
According to previous events, the market can indicate a bullish opportunity as soon as the spot rate breaks through its resistance at 1.5380 with the 1st objective of 1.5430, then at 1.5450. A break through 1.5360 will change this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-01-17

The spot rate is currently testing the intermediate resistance of its medium term bearish channel at 1.2770 suggesting a decline. However, a break of these levels would allow it to reach the upper limit of its channel to 1.2880.
Technical indicators signal to buyers and support the assumption of a soon resistance break.
According to previous events, the market may indicate a bullish opportunity as soon as the spot rate will break its resistance at 1.2770 with the 1st objective of 1.2850, then of 1.2880. A break through 1.2750 will change this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-01-18

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.5390 and seems to initiate a decline. However, breaking through these levels will release significant potential and initiate a bullish trend.
Technical indicators signal to sellers suggesting a decline in the short term.
According to previous events, the market can indicate a bullish opportunity as soon as the spot rate will puncture its resistance at 1.5390 with the 1st objective of 1.5440, then of 1.5470. A break through 1.5370 will change this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-01-18

The spot rate is currently testing the intermediate resistance of its medium term bearish channel at 1.2800 suggesting a decline. However, a break through these levels will allow it to reach the upper limit of its channel - 1.2880.
Technical indicators give signals to sellers suggesting a decline in a short term.
According to previous events, the market will show a bullish opportunity as soon as the spot rate will break through its resistance at 1.2800 with the 1st objective of 1.2850, then of 1.2880. A break through 1.2780 will change this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-01-19

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.5450 and seems to initiate a decline. However, a break of these levels will free significant potential and start a bullish trend.
Technical indicators give sellers signals suggesting a decline in a short term.
According to previous events, the market can indicate a bullish opportunity as soon as the spot rate will break through its resistance at 1.5450 with the 1st objective of 1.5500, then of 1.5520. A break through 1.5430 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Bearish Outlook, January 19, 2011 (Daily Strategy)

The pair euro - U.S. dollar followed the major indexes in Europe, returning to operating profit during Thursday's session; the pair managed to overcome, only on a temporary basis, the area of 1.29, to consolidate its upward trend short-term.
On a technical level, on H4 chart we can see that the pair is above the first weekly resistance (1.2830). Given that the pair has upward force, your next objective is 1.3000, it should be noted that the euro has passed a short-term bearish line, although this break, which occurred on Wednesday, will probably not find a strong upward velocity, we believe the level of 1.2980 resistance and 200-day moving average. Cruising around 1.3000 will be a strong barrier that the pair will have to overcome. Therefore, we can sell at these levels of resistance with a short-term objective at 1.2760 (which stands for 61.8% Fibonacci retracement).

Performed by Gerardo Porras, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-01-20

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.2980 and seems to initiate a decline. However, a break of these levels would free up significant potential and initiate a bullish trend.

Technical indicators do not provide sell signals but evolve in overbought zone suggesting a decline in the short term.

According to previous events, the market will indicate a bullish opportunity, as soon as the spot rate will break its resistance at 1.2980 with the 1st objective of 1.3040, then of 1.3060. A break through 1.2960 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-01-20

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.5510 and seems to initiate a decline. However, a break through these levels would free up significant potential and initiate a bullish trend.

Technical indicators do not provide sellers signals but evolve in overbought zone suggesting a decline in the short term.

According to previous events, the market provides a bullish opportunity as soon as the spot rate will break its resistance at 1.5510 with the 1st objective of 1.5580, then 1.5620. A break through 1.5490 will change this scenario.


Performed by Albert Fitoussi, Analytical expert