Technical analysis on EU,GU and major pairs

[johny5]

GBP/USD Intraday Technical Analysis 2012-01-23

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.5590 and seems to initiate a decline. However, a break through these levels will release significant potential and initiate a bullish trend.
Technical indicators don't give clear signals but are approaching overbuy area suggesting a decline.
According to previous events, the market may indicate a bullish opportunity as soon as the spot rate will pass its resistance at 1.5590 with the 1st objective of 1.5660, then of 1.5680. A break athrough 1.5570 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-01-23

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.2970 and seems to initiate a decline. However, a break through these levels will free up significant potential and initiate a bullish trend.
Technical indicators don't give clear signals, but are approaching overbuy zone suggesting a decline.
According to previous events, the market will indicate a bullish opportunity as soon as the spot rate will puncture its resistance at 1.2970 with the 1st objective of 1.3040, then of 1.3060. A break through 1.2950 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-01-24

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.5600 and seems to initiate a decline. Still, breaking through these levels will release significant potential and initiate a bullish trend.
Technical indicators don't give clear signals but are approaching to the overbuy zone suggesting a decline.
According to previous events, the market may indicate a bullish opportunity as soon as the spot rate will pass its resistance at 1.5600 with the 1st objective of 1.5660, then of 1.5680. A break through 1.5580 will change this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-01-24

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.3070 and seems to initiate a decline. However� a break through these levels would free up significant potential and initiate a bullish trend.
Technical indicators don't give clear signals but are approaching the overbuy zone suggesting a decline.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will puncture its resistance at 1.3070 with the 1st objective of 1.3140, then of 1.3160. A break of 1.3050 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Wave Analysis for January 25, 2012

Wave marking analysis:
The breakdown of the level 1.5600 by the GBP/USD pair confirmed yesterday the formation of the 5-wave structure on ascending part of the trend initiated on January 13. Therefore, the current uprising correction is expected to be complicated and continuous. The first targets for the whole ascending part of the trend of the supposed wave A are located near the level 1.5675. If that is true, then having reached the mentioned target level and considering the MACD decisive divergence it will be possible to expect the decline in prices within the prospective wave B.


Targets for the variant with the uprising wave A:
1,5619 88.6% according to Fibonacci
1,5675 161.8% according to Fibonacci

Targets for the variant with the wave B:
1,5566 76.4% according to Fibonacci
1,5503 61.8% according to Fibonacci

General conclusions and trading recommendations:
With GBP deals we observed the formation of the ascending corrective part of the trend, probably within the wave A, inside of which the 5-wave structure was formed. The MACD divergence points at possible small decrease in prices and can coincide right with the completion of the wave A. If that proves to be true, then the wave B is likely to form and we can expect the decrease in prices to the levels 1.5566 and 1.5503. It is possible that the developing wave A will raise the pair to the level 1.5619 which is equal to 88.6% according to Fibonacci and further to the level 1.5675 corresponding to 161. 8% of Fibonacci.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-01-25

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.3060 and seems to initiate a decline. Though, passing these levels will relase significant potential and initiate a bullish trend.

Technical indicators give sell-signals 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 through its resistance at 1.3060 with the 1st objective of 1.3120, then 1.3150. A break at 1.3040 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-01-30

The spot rate is moving in a medium-term trading range approaching its upper limit in the point 1.5740. From this level the downward movement is expected to start. In case these levels are broken down the significant potential will be revealed initiating a bullish trend.


RSI provides signals for SELL-deals and is expected to approach the overbuy zone. If that proves to be true, the suggestions concerning the possible decline will be confirmed. Bollinger bands remain stable showing a higher volatility.

Proceeding from the previous situation, the market indicates a bullish opportunity as soon as the spot rate has broken its resistance levels in the point 1.5740 with its 1st objectives located at levels 1.5790 and 1.5820. In case the level 1.5720 is passed through the suggested scenario will be cancelled.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-01-30

The spot rate is currently testing the intermediate resistance level of its medium term bearish channel in the point 1.3230. From this level the descending movement is likely to start. However in case these levels are broken down the way to the upper limit of this channel to the point 1.3610 will open.

RSI provides signals for SELL-deals and approaches the overbuy zone. This fact confirms the suggestion concerning the prospective downward movement. Bollinger bands are stable indicating a stronger volatility.

Taking into account the previous situation, the market indicates a bullish opportunity as soon as the spot rate has broken the resistance level 1.3230 with its 1st objectives at levels 1.3290 and 1.3320. A breakdown of the level 1.3210 is likely to cancel the suggested scenario.
IFX.


Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-01-31

The spot rate is moving in a medium-term trading range and is expected to approach its upper limit in 1.5750 indicating a possible decline. In case these levels are broken down, a significant potential will be revealed initiating a bullish trend.

RSI don not provide clear signals but in case the overbuy zone is approached the decline is likely to start. Bollinger bands are stabile indicating the stronger volatility.

According to the previous events, the market indicates a bullish opportunity as soon as the spot rate has broken its resistance in point 1.5750 with 1.5800 and 1.5820 as its first objectives. If the level 1.5730 is broken the prospective scenario will be reversed.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-01-31

The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.3220 indicating a possible decline. However in case these levels are broken down the way to the upper limit of the channel 1.3610 will open.

RSI does not provide clear signals. Nevertheless the approaching of the overbuy zone points at possible decline. Bollinger bands are stable showing a higher volatility.

According to the previous events, the market indicates a bullish opportunity as the spot rate has broken its resistance level in the point 1.3220 with its 1st objectives 1.3290 and 1.3820. A breakdown of the 1.3200 level will cancel this scenario.

Performed by Albert Fitoussi, Analytical expert