Technical analysis on EU,GU and major pairs

[johny5]

GBP/USD Intraday Technical analysis 2012-02-08

The spot rate is currently testing the intermediate resistance of its medium term bullish channel in 1.5930 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.6000.

RSI provides sellers signals and approaching the overbuy zone supporting the assumptions of a decline. Bollinger bands are much discarded to a result of the strong increase of these days. Stabilization is expected in the short term.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5930 with a 1st objective of 1.5980, then 1.6000. A break in 1.5910 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2012-02-08

The spot rate is currently testing the upper limit of its medium term bullish channel in 1.3300 and seems to initiate a decline. However a break of these levels would free up significant potential and initiate a bullish trend more violent.

RSI provides buyers signals and approaching to the overbuy zone supporting the assumptions of a decline. Bollinger bands are stabilized showing a more regular volatility.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3300 with a 1st objective of 1.3360, then 1.3390. A break in 1.3280 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2012-02-09

The spot rate is currently testing the lower limit of its medium term bullish channel in 1.5800 suggesting a rebound. However a break of these levels would free a large potential and entail a new trend.

RSI provide buyers signals but approach to the overbuy zone suggesting a decline. Bollinger bands are much discarded to a result of the strong increase of these days. Stabilization is expected in the short term.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5800 with a 1st objective of 1.5860, then 1.5890. A break in 1.5780 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2012-02-09

The spot rate is currently testing the upper limit of its medium term bullish channel in 1.3300 and seems to initiate a decline. However a break of these levels would free up significant potential and initiate a bullish trend more violent.

RSI provide buyers signals but approach to the overbuy zone suggesting a decline. Bollinger bands are much discarded to a result of the strong increase of these days. Stabilization is expected in the short term.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3300 with a 1st objective of 1.3360, then 1.3420. A break in 1.3280 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2012-02-10

The spot rate is currently testing the intermediate support of its medium term bullish channel in 1.5780 suggesting a rebound. However a break of these levels would entail a return to the lower limit of this one to 1.5740.

RSI provide buyers signals suggesting a rebound in the short term. Bollinger bands are stabilized showing a more regular volatility.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5780 with a 1st objective of 1.5850, then 1.5880. A break in 1.5760 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2012-02-10

The spot rate is currently testing the upper limit of its medium term bullish channel in 1.3320 and seems to initiate a decline. However a break of these levels would free up significant potential and initiate a bullish trend more violent.

RSI provide buyers signals supporting the assumptions of a break of its resistance. Bollinger bands are much discarded to a result of the strong increase of these days. Stabilization is expected in the short term.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3320 with a 1st objective of 1.3380, then 1.3400. A break in 1.3300 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2012-02-13

The spot rate is currently testing the intermediate resistance of its medium term bullish channel in 1.5800 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.5960.

RSI provide buyers signals but approaching to the overbuy zone suggesting a decline. Bollinger bands are much discarded to a result of the strong increase of these days. Stabilization is expected in the short term.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5800 with a 1st objective of 1.5860, then 1.5880. A break in 1.5780 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2012-02-13

The spot rate is currently testing the intermediate resistance of its medium term bullish channel in 1.3280 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.3340.

RSI don't give clear signals but approaching to the overbuy zone suggesting a decline. Bollinger bands are stabilized showing a more regular volatility.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3280 with a 1st objective of 1.3340, then 1.3360. A break in 1.3260 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2012-02-14

The spot rate is currently testing the lower limit of its medium term bearish channel in 1.5680 suggesting a rebound. However a break of these levels would free a large potential and entail a bearish channel more violent.

RSI provides buyers with signals suggesting a rebound in the short term. Bollinger bands are stabilized showing a more regular volatility.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5680 with a 1st objective of 1.5750, then 1.5780. A break in 1.5660 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2012-02-14

The spot rate broke the intermediate support of its medium term bullish channel in 1.3180 leading to an acceleration. A pull back on these levels is expected before a resumption of bearish.

RSI provides sellers with signals but is approaching to the oversell zone suggesting a rebound. Bollinger bands are stabilized showing a more regular volatility.

According to previous events, the market indicates a bearish opportunity on the levels of 1.3180 with a 1st objective of 1.3120, then 1.3100. A break in 1.3200 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert