Technical analysis on EU,GU and major pairs

[johny5]

GBP/USD Intraday Technical Analysis 2012-03-13

The spot rate is presently testing the intermediate resistance of its medium term bearish channel in the point 1.5650 indicating a possible decline. However, a breakdown of these levels will enable to reach the upper limit of its channel in the point 1.5810.

Technical indicators do not provide clear signals but as long as the resistance remains unbroken, the pair is likely to decline. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.

Considering the previous events, the market indicates a bullish opportunity as soon as the spot rate will has broken its resistance in 1.5650 with 1.5710 and 1.5730 seen as its first objectives. If the level 1.5630 is passed through, the prospect scenario will be reversed.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-03-13

The spot rate is currently testing the upper limit of its medium term bearish channel in the point 1.3220 and is likely to initiate a decline. However, in case these levels are broken down, the significant potential will be revealed resulting in the beginning of a bullish trend.

Technical indicators provide signals for Sell-deals confirming the assumptions of a decline. Bollinger bands have greatly tightened in recent days indicating a decline in volatility and the imminence of a violent movement.

Proceeding from the previous situation, the market indicates a bullish opportunity as soon as the spot rate will has broken its resistance in 1.3220 with its 1st objectives seen at 1.3280 and 1.3300 levels. In case the level 1.3200 is passed through, the proposed scenario will be reversed.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-03-15

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.3090 and seems to have initiated a decline. However a break through these levels will free up significant potential and initiate a bullish trend.

Technical indicators provide sell signals but are approaching the oversell zone supporting the assumptions of a break though the resistance. 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 will indicates a bullish opportunity as soon as the spot rate has broken its resistance at 1.3090 with the 1st objective of 1.3150, then 1.3170. A break through 1.3070 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-03-15

The price is currently testing the intermediate support of its medium term bearish channel at 1.5630 suggesting a rebound. However, a break of these levels will entail a decline to the lower limit of this one to 1.5550.

Technical indicators provide sell-signals supporting the assumption of a decline in the short term. 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 1.5630 with the 1st objective of 1.5680, then 1.5700. A puncture of 1.5610 will change this plan.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-03-16

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.5740 and is expected to decline further. However, in case these levels are broken down, the significant potential will be revealed resulting int he beginning of a bullish trend.

Technical indicators do not provide clear signals but as long as the resistance has not been passed through, the pair is likely to decline. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.

Proceeding from the previous events, the market indicates a bullish opportunity as soon as the spot rate will has broken its resistance level 1.5740 with 1.5800 and 1.5820 seen as first targets. If the level 1.5720 is broken down, the proposed scenario will be reversed.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-03-16

The spot rate is currently testing the upper limit of its medium term bearish channel in the point 1.3100 and is likely to initiate a decline. However, a breakdown of these levels will reveal a significant potential beginning a bullish trend.

Technical indicators do not provide clears signals but as long as the resistance level remains unbroken, the decline is most likley to take place. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.

According to the previous situation, the market indicates a bullish opportunity as soon as the spot rate will has broken its resistance level 1.3100 with a 1st objective seen at 1.3160 and 1.3180 levels. If the level 1.3080 is broken down, the prospect scenario will be reversed.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-03-19

The spot rate broke the intermediate resistance of its medium term bearish channel at 1.5800 which led to an acceleration. A pull back at these levels is expected before a resumption of bullish tendency which will reach the upper limit of its channel at 1.5920.

Technical indicators provide sell-signals and are approaching to the overbuy zone suggesting a decline. 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 1.5800 with the 1st objective of 1.5860, then 1.5880. A break through 1.5780 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-03-19

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.3190 and seems to initiate a decline. However, a break of these levels will free up significant potential and initiate a bullish trend.

Technical indicators provide sellers signals supporting the assumption of a decline in the short term. 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 as soon as the spot rate will have broken its resistance at 1.3190 with the 1st objective of 1.3250, then 1.3270. A break through 1.3170 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-03-20

The spot rate is presently testing the upper limit of the medium term bearish channel in the point 1.5910 and is likely to initiate a decline. However, if these levels are broken down, the significant potential will be revealed and a bullish trend will be initiated.

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

Proceeding from the previous events, the market indicates a bullish opportunity as soon as the spot rate will has broken its resistance in 1.5910 with its 1st objectives seen at 1.597 and 1.5990 levels. A breakdown in the point 1.5890 will reverse this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical �nalysis 2012-03-20

The spot rate has broken the intermediate resistance of its medium term bearish channel in the point 1.3190 resulting in acceleration. A pullback on these levels is expected before the bullish movement will has been resumed and reach the upper limit of its channel 1.3300.

Technical indicators provide signals for SELL-deals supporting the assumption of a pullback in the neraest future. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.

According to the previous situation, the market indicates a bullish opportunity at the 1.3190 level with 1.3250 and 1.3270 seen as first objectives. A breakdown of the level 1.3170 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert