Technical analysis on EU,GU and major pairs

[johny5]

GBP/USD Intraday Technical Analysis 2012-04-25

The spot rate is currently testing the upper limit of its medium term bullish channel at 1.6170 and seems to initiate a decline. However a break though these levels will free significant potential and initiate a bullish trend.
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 at 1.6170 with the 1st objective of 1.6230, and then of 1.6250. A break though 1.6150 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-04-25

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.3230 and seems to initiate a decline. However a break of these levels will release significant potential and initiate a bullish trend.
Technical indicators provide buy-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 indicate a bullish opportunity as soon as the spot rate has broken its resistance at 1.3230 with the 1st objective at 1.3290 and then at 1.3310. A break though 1.3210 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-04-26

The spot rate is currently testing the upper limit of its medium term bullish channel at 1.6180 and seems to initiate a decline. However a break of these levels will release good potential and initiate a more violent bullish trend.
Technical indicators provide signals to buyers 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 show bullish opportunity as soon as the spot rate has broken its resistance at 1.6180 with the 1st objective of 1.6240, and then of 1.6260. A break through 1.6160 will change the plan.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-04-26

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.3240 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 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 indicates a bullish opportunity as soon as the spot rate will have broken its resistance at 1.3240 with the 1st objective of 1.3300, and then of 1.3320. A break through 1.3220 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Bearish Outlook for April 27, 2012 (Daily Strategy)

The British pound was maintained within an upward trend. Today during the American session it has reached the 1.6257 high, which is the highest level since September 2. We believe that the trend will not last for a long time, while maintaining upward direction; the rank and Momentum indicators are beginning to show signs of exhaustion, causing the imminent downward correction.

We therefore recommend selling at current levels of rates with short term up to the weekly pivot point around 1.6029.
Is important to note the strong level of resitencia of 1.6170. If this level is broken the way will be faster bearish for the British pound.

Performed by Gerardo Porras, Analytical expert

 

[johny5]

EUR/USD Sell Bellow 1.3290 - April 27, 2012 (Daily Strategy)

The euro remains strong over the area of 1.32 despite a downgrade of Spanish debt produced on Thursday. The moving average of 50 periods is below the rates serving as a support in the uptrend movement and is located quite closely to the weekly resistance 1.3297.

Considering that the pair is overbought. we must wait until that level to sell the pair in the correction, so we recommend selling below the resistance weekly 1.3295 with targets of the bullish trendline around 1.3180.

The Momentum and Range indicator are showing the levels of congestion and a possible downward correction.

Performed by Gerardo Porras, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-04-30

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.3270 and is likely to decline. However, a breakdown of these levels will reveal significant potential resulting in the beginning of a bullish trend.

Technical indicators do not provide clear signals but as the resistance level remains unibroken, the assumption of a decline is relevant. Bollinger bands have greatly tightened in recent days indicating 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 has broken its resistance in 1.3270 with 1.3330 and 1.3350 seen as first targets. A breakdown in 1.3250 will cancel the proposed scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-04-30

At the moment the spot rate is testing the intermediate resistance of its medium term bullish channel in 1.6300 and is likely to decline. However a breakdown of these levels will enable to reach its upper limit in 1.6360.

Technical indicators provide sellers signals and evolvement in the overbuy zone but as the resistance is unbroken, the decline is most likely to take place. Bollinger bands are much discarded due to the recent strong increase. The situation is expecte to stabilize soon.

Proceeding from previous events, the market indicates a bullish opportunity as soon as the spot rate will has broken its resistance in 1.6300 with 1st objectives seen at 1.6360 and 1.6380 levels. A breakdown in 1.6280 will reverse this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-05-01

The spot rate is presently testing the intermediate resistance of its medium term bullish channel at 1.6260 and is about to decline. However, a breakdown of these levels will release large potential enabling to reach its upper limit in 1,6320.

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

Considering previous events the market will provide a bullish opportunity as soon as the spot rate has broken through its resistance of 1.6260 with 1.6320 and 1.6340 seen as first targets. In case the level 1.6240 is passed thorugh, the proposed scenarion will be cancelled.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Around Bearish Trendline - May 01, 2012 (Daily Strategy)

The EUR/USD pair is about to reach 1.32. It is necessary to consider the speech of ECB president Mario Draghi announced the monetary policy of the state on Thursday. This may be decisive for the future of the Euro.

In technical terms the euro is trading far below the downtrend line, but according to Momentum indicators and Range provides the bearish signals and a possible imminent correcion. On the other hand if the euro would break the downtrend line and the negotiation of today closed above the 1.3280 level. This fact points that the euro continued its upward trend to 1.3370; therefore selling is recommended at 1.3240 level.

Performed by Gerardo Porras, Analytical expert