Technical analysis on EU,GU and major pairs

[johny5]

EUR/USD Sell Bellow 1.3300 - March 28, 2012 2

The EUR / USD pair is showing slightly bullish behaviour although bearish correction is possible only if it closes below 1.3300.
According to the table Fractals, the euro has found good support at 1.3305.
If there is a pullback we recommend selling at 1.3390 and if the price continues downwards we recommend selling below 1.3300 with targets at weekly pivot point - 1.3230
Range Oscillator is in overbought area and is showing a possible bearish correction.

Performed by Gerardo Porras, Analytical expert

 

[johny5]

GBP/USD Consolidation for March 28, 2012 (Daily Strategy)

The GBP/USD pair trades in a downward trend on 4H chart due to the announcement that the UK GDP fell again in the fourth quarter of 2011. The UK financial stability remains highly uncertain. The European debt problems will continue to exert pressure on the British economy.
Considering the technical levels, the pound is approaching the bullish channel near the weekly pivot point; if there is a break of this trend line, it will change the scene for the next session. Moreover, a rebound above the weekly PPV around 1.5853 would be a good point to buy with targets at 1.6000
The MACD indicator is in oversold area and is showing possible consolidation.

Performed by Gerardo Porras, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-03-29

The spot rate is currently testing the intermediate resistance of its medium term bullish channel at 1.5940 suggesting a decline. However a break of these levels will allow it to reach the upper limit of its channel to 1.6030.
Technical indicators provide sell-signals and until that the resistance is not broken the assumption of a decline is most likely. Bollinger bands are much discarded as 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 as soon as the spot rate will have broken its resistance at 1.5940 with the 1st objective of 1.6000, then 1.6020. A break through 1.5920 will change the plan.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-03-29

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.3360 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 buy-signals but until that the resistance is not broken the assumption of a decline is most likely. 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 indicate a bullish opportunity as soon as the spot rate has broken its resistance at 1.3360 with the 1st objective of 1.3420, then 1.3450. A break of 1.3340 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[timepass]

Re: EUR/USD Intraday Technical Analysis 2012-03-29

A break of 1.3340 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

But Johny5, it's already trading way below 1.3340, at the time of this writing it is trading at 1.3289, having bounced back from 1.325x levels. Please comment.

 

[johny5]

EUR/USD Sell Bellow Fractal 1.3405 - March 30, 2012

The pair EUR / USD pair is trading within the upward trend due to optimism over the meeting of Finance Ministers of the Eurozone that was held today and covered the topics related to the EFSF and ESM funds.

As to the technical level we can note that the single currency has tried for several times to pass through 1.3390, though it failed. If we look at the chart, we can see a very strong fractal 1.3405 at this level.

We recommend Sell-deals below this level with targets seen at the level 1.3170. A weekly and monthly closure above 1.3405 will change the perspective of the pair targeting the level 1.3490 towards the point 1.36.

Performed by Gerardo Porras, Analytical expert

 

[johny5]

GBP/USD: Correction for March 30, 2012 (Daily Strategy)

The GBP / USD pair is traded in an uptrend and found resistance at 1.6005 W_R2. In the yesterday's analysis we mentioned that the pound will have the objective at level 1.60 given that the statistics for the pound is unfavorable, apparently due to the weakness of the labor sector and a high level of inflation that affects retail sales. However, the influence of the external environment is stronger driving the pair to new highs.

We believe that thisis not a long-term prospective. So, we recommend Sell-deals at level 1.6088 with a short-term target 1.5850.

The range indicator and Momentum are showing the overbought levels and the beginning of a correction.

Performed by Gerardo Porras, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-04-02

The spot rate is currently testing the upper limit of its medium term bullish channel in 1.6060 and is likely to decline. However, a breakdown of these levels will reveal significant potential and initiate a more violent bullish trend .

Technical indicators provide signals for Sell-deals and approaching the overbuy zone confirms the assumptions of a decline. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.

Proceeding for previous situation, the market indicates a bullish opportunity as soon as the spot rate will has broken its resistance in 1.6060 with 1.6120 and 1.6150 seen as first objectives. In case the level 1.6040 is passed through, the proposed scenario will be invalidated.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-04-02

The spot rate is approaching the lower limit of its medium term bullish channel in 1.3310 indicating a possibel rebound. However, a breakdown of these levels will reveal significant potential aentailing a bearish channel.

Technical indicators do not provide clear signals but as the support remains unbroken, the assumption of a rebound remains relevant. 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 level 1.3310 with 1st objective 1.3370 and 1.3390. A breakdown in 1.3290 will reverse this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-04-03

The spot rate is currently testing the upper limit of its medium term bullish channel at 1.6070 and seems to initiate a decline. However a break of these levels will free up significant potential and initiate a bullish trend more violent.
Technical indicators provide buy-signals but are approaching 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 will indicate a bullish opportunity as soon as the spot rate has broken its resistance of 1.6070 with the 1st objective of 1.6130, then 1.6150. A break through 1.6050 will invalidate this plan.

Performed by Albert Fitoussi, Analytical expert