Technical analysis on EU,GU and major pairs

[johny5]

EUR/USD Intraday Technical Analysis 2012-03-06

The spot rate is currently testing the lower limit of its medium term bullish channel in the point 1.3180 indicating a possible rebound. However, the breakdown of these levels will reveal a significant potential and entail a bearish channel.

Technical indicators do not provide clear signals but as long as support level remains unbroken, the rebound remains possible. Bollinger bands are much discarded due to the strong decline that took place these days. The ituation is expected to stabilize soon.

According to the previous events, the market indicates a bullish opportunity at levels 1.3180 with the 1st objectives seen at 1.3240 and 1.3260 levels. A breakdown of the1.3160 level will reverse this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-03-07

The price has approached to the lower limit of its medium term bullish channel at 1.5680 suggesting a rebound. However a break of these levels will free a large potential and entail a bearish channel.

Technical indicators provide buy-signals supporting the assumption of a rebound. Bollinger bands are much discarded to a result of the strong decline of these days. Stabilization is expected in the short term.

According to previous events, the market indicates a bullish opportunity at the levels of 1.5680 with the 1st objective of 1.5740, then 1.5760. A break through 1.5660 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Bearish Outlook for March 7, 2012

The EUR / USD pair continues the downward trend on H4 due to concerns about the exchange offer debt of Greece, on the other hand, as we had mentioned in some previous analysis that the Gap of the euro on the 17th of February was covered. http://instaforex.com/forex_analysis/52112/
At the level of fractals we can see that the euro is trading below 1.3186 fractal and the next fractal, that serves as support is at 1.2974.
We believe that you can give more bounce to the next fractal or until the 200 periods moving average, around 1.3200. This will be a key to enter a sell short-term objective around 1.2990 dollars per euro.
The Range indicator and MACD are showing oversold.

Performed by Gerardo Porras, Analytical expert

 

[timepass]

Johny5, can you also show the analysis of INR pairs - USD/INR, EUR/INR, GBP/INR and JYP/INR.

 

[johny5]

GBP/USD Bullish Outlook for March 8, 2012 (Daily Strategy)

The GBP is likly to continue the bullish trend against the dollar. Given the downward pressure is not completed yet, we believe that the next support level 1.5735 will be crucial for the continuation of the trend. In case this level is broken, cthe pair will decline to the point 1.5569.

Therefore, we recommend Buy-deals above the bullish channel around 1.5735 with Stop loss below the 1.5685 weekly support level. The short-term goal is seen at 1.5950 level.

MCD Indicator is in mixed zone and showing bullish signals.

Performed by Gerardo Porras, Analytical expert

 

[johny5]

EUR/USD Buy Above 1.3095 for March 8, 2012

The EUR / USD pair has rebounced from the last month's low, finding a support in the W_S1, having rebounded to the level 1.3236. Considering that this position is crucial for the future movement of the euro, we believe that if the level of 1.3100 remains unbroken, the euro will reach the 1.3394 level, i.e. the area of the first weekly resistance and the fractal formed in 1.3403

Therefore, we recommend Buy-positions in the correction of this upward sequence at 1.3144 (fractal) with a target at 1.3390 level. The Stop Loss is recommended below 1.3095 weekly support.

MCD and Range Indicator show a positive divergence and a stronger bullish movement.

Performed by Gerardo Porras, Analytical expert

 

[johny5]

GBP/USD Technical Pattern for March 9, 2012 (Weekly Strategy)

The GBP/USD pair is thinking about what technical pattern to choose and without definite trend, the moving average of 200 periods (blue) is above the current price quote, about 1.5877, if the pair closes the day and the week above this level, we recommend buying until the next resistance of 1.6069 (W_R2) as the final objective.
Furthermore, a close below 1.5720 can denote enter sell-positions until the next support, 1.5569.(W_S3)
The Range indicator and Momentum is showing bearish signals and neutral divergence.

Performed by Gerardo Porras, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-03-09

The spot rate punctured the intermediate resistance of its medium term bullish channel at 1.3210 leading to acceleration. A pull back at these levels is expected before a resumption of bullish trend and reach the upper limit of its channel at 1.3420.

Technical indicators provide sell-signals but are approaching the oversell zone supporting the assumptions of a pull back. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.

According to previous events, the market indicates a bullish opportunity at the levels of 1.3210 with the 1st objective of 1.3270, then 1.3290. A break through 1.3190 will chnage this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-03-12

The spot rate is currently testing the lower limit of its medium term bearish channel in the point 1.5650 indicating a possibilty of a rebound. However, a breakdown of these levels will reveal significant potential entailing a more violent movement of the bearish channel.

Technical indicators provide signals for BUY-deals confirming the possibility of a rebound that is expected to take place soon. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the beginning of the violent movement.

Proceeding from the previous events, the market indicates a bullish opportunity at the level 1.5650 with its 1st objectives 1.5710 and 1.5730. A breakdown of the 1.5630 level will cancel this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-03-12

The spot rate is currently testing the intermediate support of its medium term bearish channel in the point 1.3080 indicating a possible rebound. However, a breakdown of these levels will entail a decline to its lower limit 1.2990.

Technical indicators provide signals for Sell-deals, but their location near the oversell zone confrims the assumptions of a rebound. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.

According to the previous events, the market indicates a bullish opportunity at the level 1.3080 with 1.3140 and 1.3160 seen as the first targets. A breakdown of the level 1.3060 will reverse this scenario.

Performed by Albert Fitoussi, Analytical expert