Technical analysis on EU,GU and major pairs

[johny5]

GBP/USD Continuing Upward Trend January 03, 2011 (Daily Strategy)

GBP/USD

From a technical standpoint, the GBP/USD pair is expected to continue moving north at least up to the 1.5850 resistance level. The stop loss order may be placed slightly under the last low and 200-day moving average around 1.5330 United States dollars for one British pound. We will note here the impressive positive deviation on the MACD indicator, supporting the bullish prediction for the pair.


Performed by Gerardo Porras Palomino, Analytical expert

 

[johny5]

GBP/USD candlestick analysis for January 4, 2011

On a 4-hour graph the GBP/USD has failed to break through the resistance level at 1.5650 to rebound further. The viewpoint on the pair is still bearish.
Earlier the pair dropped sharply after it failed to break the resistance level of 1.5900. Nevertheless, if the GBP/USD manages to close above the 1.5650 level, 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 4, 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 1.3502 the first resistance level. If this level is passed the next target will be the second resistance level at 1.3639. The upside movement continues while the price is above the Kijun-Sen(1.3255), 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 narrowing and directed up, thus pointing to the correction against the current upside movement. The MACD is ascending, indicating the current correction movement.


Trading recommendations:
Currently it is recommended to trade up with the target to 1.3502; in case this level is passed the target will be 1.3639. Stop Loss should be placed below 1.3255. Long positions should be opened only in case the MACD reverses up.


Performed by Stanislav Polyanskiy, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-01-05

The spot rate approaches the support through its medium-term downtrend channel at 1.5490 suggesting a rebound in this area. However a break of these levels would result in an acceleration toward the lower limit of its channel at 1.5300.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5490 with a 1st objective of 1.5580, then 1.5640. A break in 1.5460 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Technical Analysis. Support And Resistance Levels For January 05th/2011.

TODAY TECHNICAL LEVEL :

Breakout Buy level : 1.3362.
Strong Resistance : 1.3354.
Original Resistance : 1.3341.
Inner Sell Area : 1.3328.
Target Inner Area : 1.3297.
Inner Buy Area : 1.3266.
Original Support : 1.3253.
Strong Support : 1.3240.
Breakout Sell level : 1.3232.
TODAY OUTLOOK :

Today in the early morning the EUR/USD was trading in a ranging situation between 1.3300 and 1.3325, but suddenly after the Asian Market opening this pair broke out and closed below 1.3300 to hit its first target at 1.3275. Now this pair will try to break out and close below the 1.3275 level to reach its secondary target at 1.3250. If this pair fails to break the 1.3275 level it will probably re-test the 1.3300 level.
TODAY SUGGESTION :

BUY if this pair can break out and close above 1.3325; set for the first TakeProfit at 1.3350 and the second one at 1.3375.

SELL if this pair can break out the 1.3300 level; set the first target at 1.3275 and the second target at 1.3250.

Performed by Arief Makmur, Analytical expert

 

[johny5]

EUR/USD Technical Analysis. Support And Resistance Levels For January 06th/2011.

TODAY TECHNICAL LEVEL :

Breakout Buy level : 1.3208.
Strong Resistance : 1.3201.
Original Resistance : 1.3188.
Inner Sell Area : 1.3175.
Target Inner Area : 1.3143.
Inner Buy Area : 1.3112.
Original Support : 1.3100.
Strong Support : 1.3087.
Breakout Sell level : 1.3079.
TODAY OUTLOOK :

After strong Bearish movement yesterday, the EUR/USD is now in a ranging situation between the 1.3125 and the 1.3175 levels. If the EUR/USD can break out and close below the 1.3125 level it will denote that this pair will try to go down to 1.3100 as a first target and 1.3075 as a second target; on the other hand, if this pair can break out and close above the 1.3175 level, it will cause this pair to reach the 1.3200 level as a first target and 1.3225 as asecond target.
TODAY SUGGESTION :

BUY at 1.3204; set Take profit between 10 pips and 15 pips.

SELL at 1.3101; set Take profit between 10 pips and 15 pips.


Performed by Arief Makmur, Analytical expert

 

[johny5]

GBP/USD Megaphone Pattern January 06, 2011 (Daily Strategy)

GBP/USD

The movement of the GBP/USD pair in the last few days had created a megaphone pattern, blocking off the price from both sides, and yet expanding. The obvious negative deviation that has been accompanying the pattern since its formation hints at a downwards breach of the pattern in the near future.

It is important to pay attention to the meaningful support level around 1.5385, which forms a combination between the Fibonacci support level and the 200-day moving average on the pair. Another breach of this level will serve as an important indication of continued downwards movement, towards the low support level of 1.5080 United States dollars for one British pound.

Performed by Gerardo Porras Palomino, Analytical expert

 

[johny5]

The EUR/USD technical analysis and trading recommendations for January 7, 2011

Overview:
The Euro has been demonstrating the sell signal with target level at 1.2899. The formed sell signal is strong and confirmed since the Chinkou Span fixed below the price graph and the price managed to fixate below the Ishimoku cloud. Thus, the first target for the downside movement is 1.2933 the second support level. If this level is passed the next target will be the third support level at 1.2796. The downside movement continues while the price is below the Kijun-Sen(1.3255), if the price manages to fixate below this line it is recommended to cut long positions. The Chinkou Span fixed below the price graph, which confirms the current sell signal and indicates bearish sentiment. The Bollinger bands show the continuing downside movement, the lines are diverging and directed down, thus pointing to the correction against the current upside movement. The MACD is descending, indicating the current downside movement.

Trading recommendations:
Currently it is recommended to trade down with the target to 1.2933, and further to 1.2796. Stop Loss should be placed above 1.3200. Short positions should be cut manually in case the MACD reverses up.

Performed by Stanislav Polyanskiy, Analytical expert

 

[johny5]

The GBP/USD wave analysis for January 7, 2011

The GBP/USD currency pair is slowly declining further and probably forming the first waves of a more continuous 3rd wave of the current section of the whole downtrend having developed since December 31. If so, 1.5270 might be the target for this 3rd wave, which is confirmed by its inner wave dimension. At the same time, breakout of the 1.5345 level (December 28 low) might cause a continuous correction recession, but after the price reaches the above mentioned target (1.5270).

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-01-10

The spot rate is currently testing resistance through its medium-term downtrend channel at 1.2935 suggesting a decline in the short term. However a break of these levels would reach the upper limit of its channel to 1.3035.

According to previous events, the market indicates a bearish opportunity on the levels of 1.2935 with a 1st objective of 1.2860, then 1.2840. A break of 1.2950 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert