Technical analysis on EU,GU and major pairs

[johny5]

EUR/USD Intraday Technical Analysis 2012-04-11

The spot rate is currently testing the intermediate resistance of its medium term bullish channel in 1.3160 indicating a possible decline. However, a breakdown of these levels will enable the reaching of the upper limit of the channel in the point 1.3530.

Technical indicators provide signals for Buy-deals but as the resistance remains unbroken, the assumption of a decline is relevant. Bollinger bands are much discarded due to the strong increase of these days. The situation is expected to stabilize soon.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis (Linear Regression Channel) for April 12, 2012

GBP/USD Linear regression channel for the hourly chart gives the following data :
The GBP/USD currency pair has been trading within a wide range slightly bullish Yellow channel for the past three days.
Since the moment GBP/USD managed to fixate above 1.5888, it gathered bullish strength pushing to the upside towards the upper limit of the Yellow channel at 1.5965.
Price levels 1.5965 and 1.6000 stand as Solid Intraday Resistance levels which are worth watching today for a possible valid low risk SELL entry.
SL is to be located above 1.6030. Targets are open to be determined according to strength of the coming movement.

Performed by Mohamed Samy, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-04-12

The spot rate is at the moment testing the intermediate resistance of its medium term bullish channel at 1.3160 suggesting a decline. However, a break of these levels will allow it to reach the upper limit of its channel - 1.3540.
Technical indicators do not provide clear signals but until 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 provide a bullish opportunity as soon as the spot rate has broken through its resistance - 1.3160 with the 1st objective at 1.3220 and then at 1.3240. A break though 1.3140 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis and (Linear Regression Channel) for April 13, 2

Since Monday the GBP/USD has been trending up within the depicted Blue, Violet & Yellow channels.

Today the GBP/USD shows the bearish tendency in its movement after reaching the 1.5970 the important resistance level mentioned Yesterday.

After a breakdown of the the lower limits of both violet & blue channels, the pair managed to break the intermediate line of the wider Yellow channel confirming today's bearish tendency.

Therefore, retesting of the intermediate line of the Yellow channel at 1.5960 constitutes a valid SELL entry with SL to be placed above 1.6000.

TP levels are to be located at 1.5915 & 1.5870.

Performed by Mohamed Samy, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Levels for April 13, 2012

TODAY's TECHNICAL LEVEL :
Breakout BUY Level : 1.3253.
Strong Resistance : 1.3245.
Original Resistance : 1.3233.
Inner Sell Area : 1.3220.
Target Inner Area : 1.3189.
Inner Buy Area : 1.3157.
Original Support : 1.3145.
Strong Support : 1.3132.
Breakout SELL Level : 1.3124.

DESCRIPTION :
Today the EUR/USD pair has support and resistance levels at 1.3145 and 1.3233 respectively and is accompanied by strong support 1.3132 and 1.3245 strong resistance levels.

If the EUR/USD pair breaks through and closes below a 1.3124 level today, then this will indicate considerable bearish strength, while if the EUR/USD pair manages to break through and close above a 1.3253 level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at level 1.3157 and SELL position at 1.3220 level, provided that both targets are located at level 1.3189.

Performed by Arief Makmur, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis

The spot rate has broken the lower limit of its medium term bullish channel in 1.3050 resulting in an acceleration. A pullback on these levels is expected before a resumption of the bearish movement. In this case the spot rate will reveal a large potential and initiate a new channel.

Technical indicators provide sellers signals but approaching to the oversell zone confirms a possible pullback. 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 bearish opportunity on the levels of 1.3050 with 1.2990 and 1.2960 seen as first objectives. A breakdown in 1.3070 will reverse this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis

The spot rate is currently testing the intermediate support of its medium term bullish channel in 1.5820 indicating a possible rebound. However a breakdown of these levels will entail a return to its lower limit to 1.5700.

Technical indicators do not provide clears signals but until that the support is not broken the assumption of a rebound 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 indicates a bullish opportunity on the levels of 1.5820 with 1st objectives seen at 1.5880 and 1.5900 levels. In case the level 1.5800 has been passed through, the proposed scenario will be reversed.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-04-17

The spot rate is currently testing the intermediate support of its medium term bullish channel at 1.5820 suggesting a rebound. However a break through these levels will entail a return to the lower limit of this one - to 1.5710.

Technical indicators do not provide clear signals but until the support is not broken, the assumption of a rebound is most likely. Bollinger bands are much discarded as a result of a 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 1.5820 with the 1st objective of 1.5880 and further of 1.5900. A break of 1.5800 will change the plan.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-04-17

The spot rate is currently testing the intermediate resistance of its medium term bearish channel at 1.3200 suggesting a decline. However a break of these levels will allow it to reach the upper limit of its channel at 1.3320.
Technical indicators do not provide clear signals but 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 will provide a bullish opportunity as soon as the spot rate has broken its resistance at 1.3200 with the 1st objective of 1.3260 and then of 1.3290. A break through 1.3180 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[timepass]

Re: EUR/USD Intraday Technical Analysis 2012-04-17

According to previous events, the market will provide a bullish opportunity as soon as the spot rate has broken its resistance at 1.3200 with the 1st objective of 1.3260 and then of 1.3290. A break through 1.3180 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

Did you mean a break through 1.3080 will invalidate this scenario ?? (cmp = 1.3125)