Technical analysis on EU,GU and major pairs

[johny5]

GBP/USD Intraday Technical analysis 2011-01-10

The spot rate is currently testing the upper limit of its medium-term downtrend channel at 1.5575 suggesting a decline. However a break of these levels would release significant potential and would initiate an upward trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5575 with a 1st objective of 1.5650, then 1.5670. A break of 1.5550 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Technical Analysis. Support And Resistance Levels For January 11/2011

TODAY TECHNICAL LEVEL :

Breakout Buy level : 1.2994.
Strong Resistance : 1.2986.
Original Resistance : 1.2974.
Inner Sell Area : 1.2962.
Target Inner Area : 1.2931.
Inner Buy Area : 1.2900.
Original Support : 1.2888.
Strong Support : 1.2875.
Breakout Sell level : 1.2868.
TODAY OUTLOOK :

In the 60 Minutes (H1) Timeframe between 03:00 and 04:00 Candles (08:00-09:00 WIB) the EUR/USD is forming the Inside Bar/ Harami Candle Pattern. In our view, the EUR/USDhas entered the congestion situation; this indicates that the pair is now trapped between 1.2900 and 1.3900 and is expected to stay in this range. If this pair can break out from this range (especially today), we will know the EUR/USD has found its trend for today.
TODAY SUGGESTION :

BUY if the EUR/USD can break out and close above1.3300, set the first target at 1.3325 and the second target at 1.3350.

SELL if the EUR/USD can break out and close below 1.2900, set the first target at 1.2875 and the second target at 1.2850.


Performed by Arief Makmur, Analytical expert

 

[johny5]

The GBP/USD technical analysis and trading recommendations for January 11, 2011

Overview:
The sell signal has cancelled, instead a buy signal with target level at 1.5722 has formed. However, the movement has resembled a sideways one for several weeks. The formed sell signal is strong and not confirmed since the Chinkou Span has not yet fixated above the price graph and the price managed to fixate above the Ishimoku cloud. In case the current signal is confirmed, i.e. the Chinkou Span fixates above the graph, the first target for the upside movement is 1.5661 the first resistance level. If this level is passed the next target will be the second resistance level at 1.5778. The upside movement continues while the price is above the Kijun-Sen(1.5515). The Chinkou Span fixed below the price graph, which does not confirm the current buy signal and indicates bearish sentiment. The Bollinger bands show sideways movement, the lines are not diverging and directed sideways. The MACD is ascending, indicating the current upside movement.



Trading recommendations:
Currently it is recommended to wait until the Chinkou Span fixates above the price graph, and then trade up with the target to 1.5661. Stop Loss should be placed below 1.5515. For successful trading it is also recommended to wait until the Bollinger Bands start diverging.

Performed by Stanislav Polyanskiy, Analytical expert

 

[johny5]

The GBP/USD technical analysis and trading recommendations for January 12, 2011

Overview:
The sell signal has cancelled, instead a buy signal with target level at 1.5722 has formed. However, the movement has resembled a sideways one for several weeks. The formed sell signal is strong and not confirmed since the Chinkou Span has not yet fixated above the price graph and the price managed to fixate above the Ishimoku cloud. In case the current signal is confirmed, i.e. the Chinkou Span fixates above the graph, the first target for the upside movement is 1.5661 the first resistance level. If this level is passed the next target will be the second resistance level at 1.5778. The upside movement continues while the price is above the Kijun-Sen(1.5530). The Chinkou Span fixed below the price graph, which does not confirm the current buy signal and indicates bearish sentiment. The Bollinger bands show sideways movement, the lines are not diverging and directed sideways. The MACD is ascending, indicating the current upside movement.


Trading recommendations:
Currently it is recommended to trade up with the target to 1.5661, and further to 1.5778. Stop Loss should be placed below 1.5530. If the MACD reverses down, long positions should be cut manually.


Performed by Stanislav Polyanskiy, Analytical expert

 

[johny5]

EUR/USD,Our Overall Outlook Remains Bullish, Janaury 12, 2011 (Daily Strategy)

EUR/USD

Since the pair still hasn't succeeded in breaching the minor resistance at 1.3040, there exists a chance for a brief wave of downwards movements towards the 1.2900 level. In such a case, there will be an opportunity to collect the Euro United States dollar pair at an improved price before the upwards trend enters high gear. Further, a breach of the resistance levels at 1.3040 and then at 1.3100 will strengthen and confirm the pair's direction, expected to take it at the very least to the resistance level of 1.3370 United States dollars for one Euro.

Performed by Gerardo Porras Palomino, Analytical expert

 

[johny5]

The EUR/USD technical analysis and trading recommendations for January 13, 2011

Overview:
The euro has completed the downward movement; a new buy signal with target level at 1,3298 has formed. The formed signal is weak and confirmed since the Chinkou Span fixated above the price graph and the price did not manage to fixate above the Ishimoku cloud. Thus, at the moment the first target for the downside movement is 1.3257 the first resistance level, but it is recommended to trade up only after the price fixates above the Ishimoku cloud. If this level is passed the next target will be the second resistance level at 1.3611. The upside movement continues while the price is above the Kijun-Sen(1.3010), if the price fixates 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 beginning of the upside movement, the lines are diverging and directed up. The MACD is ascending, indicating the current upside movement.


Trading recommendations:
Currently it is recommended to trade up with the target to 1.3257, and further to 1.3611. Stop Loss should be placed below 1.3010. Enter the market only after the price fixates above the Ishimoku cloud.


Performed by Stanislav Polyanskiy, Analytical expert

 

[johny5]

The GBP/USD wave analysis for January 13, 2011

During yesterdays trading the GBP/USD pair climbed more than 1.5 figures within developing estimated wave of the whole corrective structure having formed since December 28. It is worth mentioning that yesterdays dynamic growth has probably cancelled the scenario implying the formation of a horizontal triangle. If so, possible targets for the current wave might be located near 1.5810 and 1.5920.

Performed by Alexander Dneprovskiy, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis

The spot rate approaches resistance through its medium-term downtrend channel at 1.5890. A break of these levels it would reach the upper limit of this channel to 1.6010.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance at 1.5890 with a 1st objective at 1.6010, then 1.6040. A break of 1.5860 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Technical Analysis. Support And Resistance Levels For January 14/2011

TODAY TECHNICAL LEVEL :

Breakout Buy level : 1.3409.
Strong Resistance : 1.3401.
Original Resistance : 1.3389.
Inner Sell Area : 1.3376.
Target Inner Area : 1.3344.
Inner Buy Area : 1.3313.
Original Support : 1.3301.
Strong Support : 1.3288.
Breakout Sell level : 1.3280.
TODAY OUTLOOK :

Today the EUR/USD has been trading in a ranging situation between the 1.3325 and the 1.3375 levels. However the situation of this pair seems to have changed from Bearish to Bullish, this is indicated by the fact the EUR/USD has closed above the Exponential Moving Avarage periode 100 in the Daily TimeFrame and the Stochastic (8,3,3) in the same way (upward movement).
TODAY SUGGESTION :

BUY if the EUR/USD can break out and close above the 1.3375, and set the Take profit at 1.3400 as the first target and 1.3425 as the second target.

SELL if the EUR/USD can break out and close below the 1.3325, and set the Take profit at 1.3300 as the first target and 1.3275 as the second target.

Performed by Arief Makmur, Analytical expert

 

[johny5]

GBP/USD. Weekly and Monthly Pivot Points, For January

_____WEEKLY______
Weekly - R3 = 1.6424
Weekly - R2 = 1.6155
Weekly - R1 = 1.6010
Weekly Pivot = 1.5741
Weekly - S1 = 1.5596
Weekly - S2 = 1.5327
Weekly - S3 = 1.5182

_____MONTHLY______
Monthly - R3 = 1.6451
Monthly - R2 = 1.6180
Monthly - R1 = 1.5885
Monthly Pivot = 1.5614
Monthly - S1 = 1.5319
Monthly - S2 = 1.5048
Monthly - S3 = 1.4753

Performed by Gerardo Porras Palomino, Analytical expert