Technical analysis on EU,GU and major pairs

[johny5]

The GBP/USD wave analysis for December 17, 2010.

Yesterday, after a 2-days decline, the GBP/USD price advanced 100 pips from the previous lows. Therefore, given the current wave situation we can assume that this gain of the pound is taking place within the 4th wave of the current downward section developing since December 14 from the level 1.5910. If so, after the formation of the 4th wave is completed, the pair will decline further, presumably, along the line of estimated target level near 1.5465.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

EUR/USD Technical Analysis. Support And Resistance Levels For December 17, 2010

Breakout Buy level : 1.3294.
Strong Resistance : 1.3286.
Original Resistance : 1.3273.
Inner Sell Area : 1.3260.
Target Inner Area : 1.3229.
Inner Buy Area : 1.3198.
Original Support : 1.3185.
Strong Support : 1.3172.
Breakout Sell level : 1.3164.
TODAY OUTLOOK :

The mark 1.3200 served as a strong support level for this pair for several days. If the pair breaks out and closes above1.3250, then the mark of 1.3275 will be a first target for this pair and the 1.3300 will be a second target. However, if this pair manages to breakout and close below the mark 1.3200, the pair will probably go up to 1.3175 as a first target and to 1.3150 as a second target.


TODAY SUGGESTION :

BUY at 1.3298; Take profit at 1.3308 or 1.3318

SELL at 1.3191; Take Profit at 1.3181 or 1.3171


Performed by Arief Makmur, Analytical expert

 

[johny5]

Candlestick analysis of the GBP/USD for December 20, 2010

On a 4-hour graph the GBP/USD is testing the support level of 1.5500. Earlier the currency pair dropped sharply after it after it failed to break out the resistance level of 1.5900. In case the support level of 1.5500 is broken through the downside movement with the target to 1.5300 is expected. The viewpoint is still bearish, since earlier the pair has formed the combination of candlesticks Bearish Engulfing, which indicates the downside movement, confirmed further.
This combination of candlesticks developed after the currency pair could not break out the resistance level near 1.6085-1.6096, which means that the bulls did not manage to solidify here and the bears started increasing their influence.
A breakthrough of 1.5841 means that this point of view is correct.

Performed by Vladimir Donin, Analytical expert

 

[johny5]

EUR/USD. Weekly and Monthly Pivot Points, December 20, 2010

_____MONTHLY______

Monthly - R3 = 1.5167

Monthly - R2 = 1.4724

Monthly - R1 = 1.3854

Monthly Pivot = 1.3411

Monthly - S1 = 1.2541

Monthly - S2 = 1.2098

Monthly - S3 = 1.1228

_____WEEKLY_______

Weekly - R3 = 1.3777

Weekly - R2 = 1.3637

Weekly - R1 = 1.3412

Weekly Pivot = 1.3272

Weekly - S1 = 1.3047

Weekly - S2 = 1.2907

Weekly - S3 = 1.2682

Performed by Gerardo Porras Palomino, Analytical expert

 

[johny5]

The EUR/USD technical analysis and trading recommendations for December 22, 2010

Overview:
Another correction started without even touching the first support level, which is indicated by MACD. The developed sell signal has target level of 1.2966. This signal is strong and confirmed since the Chinkou Span fixed below the price graph and the price managed to fixate below the Ishimoku cloud. But as mentioned before, correction movement is continuing, therefore it is not recommended to trade down until it ends. The first target for downside movement is 1.3047 the first support level. If the first support level is passed the next target will be the second support level of 1.2907. The downside movement remains until the price is below the Kijun-Sen (1.3220), short positions should be closed if the price strengthens above this line. The Chinkou Span is below the price graph, thus confirming the current sell signal and indicates the bullish sentiment. The Bollinger bands show the downwards movement, the lines are directed down and diverging. The MACD is ascending, thus point to the current correction movement.
Trading recommendations:
Currently it is recommended to trade down with the target to 1.3047, in case this level is passed the target will be 1.2907. Stop Loss should be placed above 1.3220. Short positions should be opened only if the MACD reverses down.

Performed by Stanislav Polyanskiy, Analytical expert

 

[johny5]

The GBP/USD wave analysis for December 22, 2010.

The GBP/USD pair resumed the downside movement of the pound and passed the last Fridays low, indicating the intention to extend the downward section initiated December 14. In the meantime, if this pair continues to decline, yesterdays high will be interpreted as the 2nd wave of the future C. If so, yesterdays ease has probably indicated the beginning of the 3rd wave in this C.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2010-12-23

The spot rates approach the upper limit of its medium-term downtrend channel to 1.3170 suggesting a decline in the short term. However a breakout of these levels would initiate an upward trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3170 with a 1st objective of 1.3260, then 1.3280. A break in 1.3140 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2010-12-23

The spot rate approach to resistance through its medium-term downtrend channel to 1.5450. A break of this zone would allow it to reach the upper limit of this channel to 1.5500.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5450 with a 1st objective of 1.5500, then 1.5530. A break in 1.5420 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2010-12-24

The spot rate is currently testing the upper limit of its medium-term downtrend channel 1.5480 suggesting a decline in the short term. However a break of these levels it would free up significant potential and begin an upward trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5480 with a 1st objective of 1.5560, then 1.5580. A break in 1.5450 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD. We Expect a Break In The Trend Line December 24, 2010 (Daily Strategy)

EUR/USD

The Euro United States dollar pair remains in the low levels around 1.3100, having difficulties breaching the strong support level there. Its difficulty closing the trading day under this level raises the likelihood for the beginning of a new wave of upwards movement, which is likely to be moderate due to the economic problems that have been afflicting the Eurozone recently. We will point out the positive deviation on the MACD indicator, which supports the bullish prediction on the pair.
Therefore, it is possible to enter a buy deal on the pair, should it breach the minor trend line that had led price movements in the last few days. It is important to pay attention to the trigger and resistance level at 1.3230, since its breach will aid the pair in continuing the movement north, towards our final goal around 1.3360 United States dollars for one

Performed by Gerardo Porras Palomino, Analytical expert