Technical analysis on EU,GU and major pairs

[johny5]

EUR/USD Intraday Technical Analysis 2012-06-19

The spot rate is currently testing the intermediate resistance of its medium term bullish channel at 1.2620 and seems to initiate a decline. However, a break through these levels will release good potential and reach the upper limit of this one at 1,2780.
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 of 1.2620 with the 1st objective at 1.2680 and then at 1.2700. A break through 1.2600 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Bullish Outlook for June 19, 2012

GBP / USD continues a very strong upward trend, because these days there's the replacement of the euro as a safe European currency.

In the chart we can see the break of 1.5590, which originated very strong up to 1.5730, we believe it can go up to test the 1.5739.

On the other hand, if there is a return to the level of 1.56, we can enter Buying with objectives to 1.5740.

The momentum indicator is showing overbought and range indicator, is showing bullish signal.

Performed by Gerardo Porras, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis and Linear Regression Channels for June 20, 2012

The GBP/USD Linear Regression Channels are directed to the upside with variable bullish tendency due to Yesterday's bullish reaction towards Support Level 1.5630.

Yesterday, the GBP/USD expressed significant bullish reaction towards 1.5630 which corresponds to the lower limit of the Yellow channel. However, the market is not showing strong enough bullish domination at the current time.

Price Level 1.5755 corresponds to the upper limit of the Blue channel and the mid-line of the Yellow one constituting a strong Intraday Resistance level to be watched today.

Failure of GBP/USD to break through above 1.5755 brings a quick bearish movement towards 1.5650 initially. However breakthrough above this level will probably allow the pair to visit 1.5840 soon enough.

It's suggested either to wait for revisiting support level 1.5630 or to breakthrough resistance level 1.5755 to take a BUY entry for further bullish target levels.

Performed by Mohamed Samy, Analytical expert

 

[johny5]

EUR/USD Technical Correction for June 20, 2012

The euro is trading at 1.2710 below the bearish channel, as you can see on the chart there is only a sharp break, that may carry up to 1.2805. The euro has stalled in the hope that the Federal Reserve announced plans to stimulate the economy through monetary easing measures, today at midday. it could resume its upward trend.

On the other hand, the pair looks a bit exhausted, the indicators are showing a potential bearish reversal, at least up to the weekly pivot 1.2600.

Therefore I recommend you to buy above 1.2725 only if the break is sharp, a break at a leisurely pace, it could be a hoax. On the other hand, I can advise you to buy if we want to wait for the correction of the pair 1.2600 with targets at 1.2730, and 1.28.

Performed by Gerardo Porras, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis and Linear Regression Channels for June 21, 201

The GBP/USD Linear Regression Channels are directed to the upside with a variable bullish tendency due to yesterday's bullish reaction towards Support Level 1.5650.

Yesterday for two successive times, the GBP/USD pair expressed significant bullish reaction towards 1.5650 which corresponds to the lower limit of the Yellow channel. However, the market is not showing strong enough bullish domination at the current time after visiting price level 1.5730.

Price Level 1.5740 corresponds to the mid-line of the Yellow channel constituting a strong Intraday Resistance level to be watched today as it may be the location of the right shoulder of a possible head and shoulders reversal pattern to be targetting at 1.5550 after its confirmation.

The GBP/USD has an Intraday Support Level located at 1.5668 which needs to be broken in order to confirm the reversal pattern and to resume the bearish movement.

It's suggested either to wait for testing of Resistance level 1.5740 to take a low-risk SELL entry with TP levels at 1.5610 & 1.5550 or to wait for breakdown of 1.5650 for a similar opportunity with higher risk-reward ratio.

Performed by Mohamed Samy, Analytical expert

 

[johny5]

EUR/USD under Pressure - June 21, 2012

The euro US dollar pair is moving away from 1.27, after touching two times the 1.2745 area this week, but neither yield of 1.2580, Pivot weekly.
The pair is under downward pressure and we recommend buying at 1.2590 with targets up to 1.2720.
Momentum indicator and range are showing bearish signals.

Performed by Gerardo Porras, Analytical expert

 

[johny5]

EUR/USD Technical Correction for June 22, 2012

Yesterday, the euro broke through its downtrend line, increasing the likelihood of that the medium term will reach the minimum of 1.20.
On the other hand, in the short term, we expect the pullback to 1.2620, at that level we recommend to sell medium-term objectives to 1.2357.
A close above 1.2650 can give a possibility to the euro to resume its uptrend.
The Momentum indicator and range are showing oversold, and a possible correction is imminent.

Performed by Gerardo Porras, Analytical expert

 

[johny5]

GBP/USD Rebound - for June 22, 2012

The British pound could not break the 1.5740 level having tried several times to close above that level and it was unable to make it, now it is close to its line of medium-term uptrend, a break could generate a quick fall of the pair to the 1.5357 rate.
Therefore, we recommend buying at the current level, and if there is a break of the bullish channel we can sell or below that level the stop loss to the bullish strategy, there are two chances.
We should be very careful at this level.
The Momentum indicator is showing a bearish medium-term sequence.

Performed by Gerardo Porras, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-06-25

The spot rate is currently testing the lower limit of its medium term bullish channel at 1.2520 and seems to initiate a rebound. However, a break through these levels will release good potential and initiate a violent bearish trend.

Technical indicators provide buy-signals and approching oversell zone 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 1.2520 with the 1st objective at 1.2580 and then at 1.2600. A break through 1.2500 will alter this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis and Linear Regression Channels for June 25, 201

The GBP/USD Linear Regression Channels are all almost bearish with variable bearish tendency due to Last Week's bearish reaction towards Resistance Levels 1.5775 and 1.5730.

Last Friday, the market expressed quite weak bearish movement which ended by visiting 1.5556. However, the pair expressed bearish reaction today pushing the pair down to 1.5537.

Price Level 1.5535 constitutes a strong Intraday Support Level as it corresponds to the lower limit of the Violet channel and the mid-line of the Yellow channel where the price action should be watched for a possible bullish opportunity.

Price Level 1.5585 corresponds to the upper limit of the Yellow channel constituting an Intraday Resistance level to be watched today for a possible BUY entry after having bullish breakout above it.

Breakdown of support level 1.5535 opens the way for a quick bearish decline towards 1.5500 then 1.5465 which is located at the lower limit of the Yellow channel.

Performed by Mohamed Samy, Analytical expert