Technical analysis on EU,GU and major pairs

[4xpipcounter]

Johnny, you're doing a good job, and have a good thread.I was just wondering, you have a lot of your posts with an inscription that says, "Performed by...." Is this your own analysis, or the analysis of the names that follow "Performed by..."

Any rate, hope to chat more. I have a thread entitled "Some of my forecasts" if you want to take a look.

 

[johny5]

The GBP/USD wave analysis for December 27, 2010

Moving in a very narrow price corridor the GBP/USD has closed near the upper line of the local downtrend that has been developing since December 15. Thus, the pair has probably continued the formation of inner wave structure of the 2nd in the 3rd (future C). The option of pound further downside movement could be preemptive if it was not for the MACD divergence that give advantage to the British currency in the medium term.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

The EUR/USD wave analysis for December 27, 2010

On the edge of the holidays the EUR/USD has been almost flat and the price has been moving along the line near the level of the 31 figure. At the same time the euro is most likely to be in the limits of the 2nd wave in the 3rd (5th), that has been forming in the new section of the downtrend developing after December 14th. However, it is quite difficult to estimate further market behavior. Although, the dollar has certain advantage in the current situation.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2010-12-28

Since yesterday the spot rate has been testing the upper limit of its medium-term bullish channel at 1.5490 and seems to be starting to decline. A break of these levels would free up significant potential and begin a more violent upward trend .

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance at 1.5490 with a 1st objective of 1.5560, then 1.5580. A break of 1.5460 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD. Weekly and Monthly Pivot Points, December 28, 2010

_____WEEKLY_______

Weekly - R3 = 1.3340

Weekly - R2 = 1.3270

Weekly - R1 = 1.3193

Weekly Pivot = 1.3123

Weekly - S1 = 1.3046

Weekly - S2 = 1.2976

Weekly - S3 = 1.2899

_____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

Performed by Gerardo Porras Palomino, Analytical expert

 

[johny5]

GBP/USD candlestick analysis for December 29, 2010

On a 4-hour graph the GBP/USD is still in downtrend. Earlier the pair dropped sharply after it failed to break out the resistance level of 1.5900.
As mentioned before, on a 4-hour graph the GBP/USD formed the combination of candlesticks Bearish Engulfing which indicates the decline, confirmed further.
This combination of candlesticks developed after the currency pair could not break through the resistance level near 1.6085-1.6096, which means that the bulls did not solidify here. Further the bears started increasing their influence.
A breakthrough of 1.5841 means that this point of view is correct.
Nevertheless, if the resistance level at 1.5650 is broken, it is recommended to close short positions as it will lead to an increase to 1.5900.

Performed by Vladimir Donin, Analytical expert

 

[johny5]

The EUR/USD technical analysis and trading recommendations for December 29, 2010

Overview:
Euro has been demonstrating uncertain holiday movement, thus it is recommended to refrain from trading. The sell signal has been cancelled, instead a new buy signal with target level 1.3397 has been formed. The formed signal already became stronger and weakened back. In general the Ishimoku and the Bollinger Bands are indicating that highly volatile sideways movement has begun, which is extremely dangerous for trading. The Chinkou Span fixed above the price graph, which confirms the current buy signal and shows bullish sentiment. The Bollinger bands show sideways movement, the lines are not diverging and directed sideways. The MACD is descending, thus pointing to the current downside movement.

Trading recommendations:
Currently it is not recommended to trade until the pair stabilizes or until the beginning of trend movement, which is to be indicated by the Bollinger Bands.

Performed by Stanislav Polyanskiy, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2010-12-31

The spot rate broke yesterday its intermediate resistance to 1.3240 leading to an acceleration. It now approaching the upper limit of its downtrend channel at 1.3360. A break of this area would free a 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 1.3360 with a 1st objective of 1.3440, then 1.3470. A break in 1.3330 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD candlestick analysis for December 31, 2010

On a 4-hour graph the GBP/USD has bounced off of the upper limit of the downtrend. The viewpoint on the pair is still bearish. Earlier the pair dropped sharply after it failed to break out the resistance level of 1.5900. Nevertheless, if the 1.5650 level is broken it will be recommended to close short positions since this will lead to advance to 1.5900.
As mentioned before, on a 4-hour graph the GBP/USD formed the combination of candlesticks Bearish Engulfing which indicates the decline, confirmed further.
This combination of candlesticks developed after the currency pair could not break through the resistance level near 1.6085-1.6096, which means that the bulls did not solidify here. Further 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]

The EUR/USD technical analysis and trading recommendations for January 3, 2011

Overview:
Euro has been demonstrating upwards movement. The buy signal is strong and confirmed since the Chinkou Span fixed above the price graph and the price managed to fixate above the Ishimoku cloud. Thus, the first target for the upside movement is 1.3397 the target level. If this level is passed the next target will be the resistance level at 1.3600. The upside movement continues while the price is above the Kijun-Sen(1.3165), if the price manages to fixate below this line it is recommended to cut long positions. The Chinkou Span fixed above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuing upside movement, the lines are diverging and directed up. The MACD is ascending, thus pointing to the current upside movement.
Trading recommendations:
Currently it is recommended to trade up with the target to 1.3397; in case this level is passed the target will be 1.3600. Stop Loss should be placed below 1.3248. In case the MACD reverses down long positions should be cut manually.

Performed by Stanislav Polyanskiy, Analytical expert