Technical analysis on EU,GU and major pairs

[johny5]

GBP/USD Sell Below 1.6190 for May 08, 2012

The pound sterling is very strong and seems not to affect the circumstances amid the announcements on the Bank of England's monetary policy due to the next Thursday.

At the technical level we can observe a slight downward trend. Staying on top of the psychological level of 1.60. Presently the pair is trading below the 1.6170 resistance level and is heading towards the first support 1.6090. The Range and Momentum indicators are showing a deeper fall towards 1.6000.

Therefore, we recommend selling at current levels of 1.6130 or, if there is a pullback to the area of resistance, sell with targets seen at the weekly support level of 1.6020.

Performed by Gerardo Porras, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-05-09

The spot rate is approaching the intermediate support of its medium term bearish channel at 1.6120 suggesting a rebound. However, a break through this level will trigger a decline to the lower limit 1.6090.

Technical indicators provide buy-signals and 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 these days. Stabilization is expected in a short term.

According to previous events the market will provide a bullish opportunity at the level of 1.6120 with the 1st objective at 1.6180 and then at 1.6200. A break through 1.6090 will alter this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-05-09

The spot rate is approaching the lower limit of its medium term bearish channel at 1.2930 suggesting a rebound. However, a break through this level will release good potential and initiate a more violent bearish trend.

Technical indicators provide buy-signals supporting the assumption of a rebound. 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 at the level of 1.2930 with the 1st objective at 1.2990 and then at 1.3020. A break through 1.2910 will alter this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-05-10

The spot rate is approaching the upper limit of its medium term bearish channel at 1.6180 and seems to initiate a decline. However, a break through these levels will release good potential and initiate a violent 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 provide a bullish opportunity as soon as the spot rate has broken through its resistance of 1.6180 with the 1st objective at 1.6240 and then at 1.6260. A break through 1.6160 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Rebound - May 10, 2012 (Daily Strategy)

Downward pressure on the euro U.S. dollar pair is due to political problems in Greece, where there is an assumption of that Athens could leave the euro zone.
On a technical level, the Range and Momentum indicators are showing a rebound toward the weekly resistance zone. The euro is trading above the weekly W_S2 a close above 1.2943 will increase probability to continue rising to near 1.3140 (WPP)
We recommend buying at current levels of objectives in negotiation with 1.3149 dollars per euro.

Performed by Gerardo Porras, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis and Linear Regression Channels for May 11, 2012

Considering the Hourly chart of the GBP/USD currency pair:

We can see that the Linear Regression channels depicted above are contradictory as the violet & blue ones are bullish. However, the Yellow channel is bearish indicating the longer-term bearish tendency of the pair.

The Bearish Reaction towards the upper limits of the Violet, Blue & Yellow channels at 1.6180 shouldn't be ignored as it favours the bearish view for the pair.

The GBP/USD pair had a significant Intraday Support Level located around 1.6125 corresponding to the lower limit of the Violet channel & the mid-line of the Yellow one which got broken few hours ago.

Retesting of the backside of the broken Violet channel at 1.6125 will probably be a valid SELL entry with TP levels located at 1.6095,1.6065 & 1.6035.

SL should be located above 1.6175.

Performed by Mohamed Samy, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-05-11

Presently the spot rate is testing the lower limit of its medium term bearish channel at 1.2900 suggesting a rebound. However, a break through these levels will release significant potential and initiate a more violent bearish trend.

Technical indicators provide sellers-signals but approaching the oversell zone confirms the assumption of a rebound. 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 at the level of 1.2900 with 1.2960 and 1.2980 seen as first targets. A break through 1.2880 will alter this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-05-14

The spot rate is currently testing the lower limit of its medium term bearish channel at 1.6040 suggesting a rebound. A break through these levels will release good potential and initiate a more violent bearish trend.

Technical indicators provide sell-signals but are approaching the oversell zone supporting the assumption of a rebound. Bollinger bands are much discarded as a result of a strong decline these days. Stabilization is expected in a short term.

According to previous events the market will provide a bullish opportunity at the level of 1.6040 with the 1st objective at 1.6100 and then at 1.6120. A break through 1.6020 will alter this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-05-14

The spot rate broke the intermediate support of its medium term bearish channel at 1.2910 leading to an acceleration. A pull back at these levels is expected before reaching the lower limit of its channel - 1.2810.

Technical indicators provide buy-signals supporting the assumption of a pull back. Bollinger bands are much discarded as a result of a strong decline these days. Stabilization is expected in a short term.

According to previous events, the market indicates a bearish opportunity at the level of 1.2910 with the 1st objective of 1.2850, and then at 1.2830. A break through 1.2930 will change this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Buy Avobe Fractal 1.2767 - May 15, 2012 (Daily Strategy)

This morning during the American session, the euro fell sharply around the second weekly support area mainly due to the problems in Greece as the political parties fail to agree on a coalition government which in turn caused a strong opposition to the austerity measures demanded by the country's multilateral lenders.

On a technical level we observe a very strong fractal formed at the level of 1.2767; this dynamic fractal serves as a support level. We believe that this level around the fractal is a good place to go with the upward bounce of the pair or for conservative ones; we can enter by buying only if price closes today's session above 1.2801 weekly support; our goal therefore will be placed over the last gap in 1.3123

The indicator range is showing strong oversold level. The correction of the euro is expected in the nearest future.

Performed by Gerardo Porras, Analytical expert