Technical analysis on EU,GU and majors

[bhanu545]

The GBP/USD wave analysis for December 09, 2010.

Yesterday GBP/USD resumed its upward movement and by the end of the day stopped near the upper line of the downward corridor. Wave structure has assumed a rather complicated form which can be classified by a stretch as the correction waves’ set abc. If it is so then the pair has a chance to continue down-trend from the correction level 50% (1.5855). On the other hand, we can’t exclude the possibility that GBP continues the upward movement to the maximum of the first days of November (1.6300).

Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2010

 

[dr hanif malik]

Yesterday GBP/USD resumed its upward movement and by the end of the day stopped near the upper line of the downward corridor. Wave structure has assumed a rather complicated form which can be classified by a stretch as the correction waves’ set abc. If it is so then the pair has a chance to continue down-trend from the correction level 50% (1.5855). On the other hand, we can’t exclude the possibility that GBP continues the upward movement to the maximum of the first days of November (1.6300).

Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2010

ithink doubble flate is completed at 1.5840 and posibility is trend will start bearsh.

 

[dr hanif malik]

@bhanu,i study your count wave,after anylsis of eurousd i am recharting my gbp,usd chart and i think last chance to buy both pairs are still with in hand at new low on friday or monday,what you say please,i m not master in wave count but with your help,will contineous here thanks.

 

[dr hanif malik]

hy is there triangle completing,for upward move?????

 

[bhanu545]

Candlestick analysis of the GBP/USD for December 10

On a 4-hour graph the GBP/USD rebounded to the upper limit of the downtrend. However, it should be mentioned that if the resistance level of 1.5900 is breached, then short positions should be closed, as it will lead to rise to 1.6096. The viewpoint on the currency pair is still bearish, since earlier the combination of candlesticks Bearish Engulfing has developed; these candlesticks indicate the decline, confirmed further.
This combination of candlesticks emerged after the pair failed to break out the resistance level near 1.6085-1.6096, which means that the bulls did not manage to solidify here and the bears started to increase their influence.
A breakthrough of the 1.5841 level means that this point of view is correct.
In case the support level of 1.5500 is broken through we expect the decrease with the target to 1.5300.

Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

EUR/USD. Show Signs of Recovery, December 10, 2010 (Daily Strategy)

The Euro – United States dollar pair is, once more, showing signs of recovery after it had failed to breach the 1.3200 support level. That said, a daily and weekly close over this level tonight will serve us as a meaningful signal for the beginning of an upward movement. The Euro – United States dollar pair is expected to move up to the 1.3950 resistance level at the very least. We will be able to place the stop loss order just under yesterday’s daily low around 1.3150 United States dollars for one Euro.

Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2010

 

[dr hanif malik]

excellant review particular euro,usd,thanks for.

 

[dr hanif malik]

after completing dubble flate in four hour chart the euro,usd moving upward,expected to move more upward but move looking still corrective in weekly chart.
bhanu waiting for your latest chart???

 

[bhanu545]

Candlestick analysis of the GBP/USD for December 14

On a 4-hour chart the GBP/USD is testing the resistance level of 1.5900. In case this level is broken through then short positions should be closed, as it will lead to increase to 1.6096.
The viewpoint is bearish, since the pair has formed the combination of candlesticks Bearish Engulfing, which indicates the downside movement, confirmed further.
These candlesticks appeared after the currency pair failed to break through the resistance level near 1.6085-1.6096, which means that the bulls did not manage to solidify here and the bears started increasing their influence.
A breakout of 1.5841 means that this point of view is correct.
In case the resistance level of 1.5500 is breached the decline with the target to 1.5300 is expected.

Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

The EUR/USD technical analysis and trading recommendations for December 14

Overview:
Yesterday the uprising movement started. New buy signal with a target to 1.3611 has formed. This signal is strong and confirmed as the Chinkou Span fixed above the price graph and the price strengthened above the Ichimoku cloud. Also the price managed to fixate above the first resistance level of 1.3375. In this case the first target for uprising movement is the 1.3526 level – the second resistance level. In case this level is passed the next target will be the third resistance level of 1.3632. The upside movement is observed until the price is above the Kijun-Sen (1.3298), if the price moves below this level then long positions should be closed. The Chinkou Span is above the price graph, thus confirming the current buy signal and pointing to bullish sentiment. Bollinger Bands show the beginning of upside movement, the lines are converging and directed up, thus indicating the end of the flat and beginning of the uptrend. The MACD is ascending, pointing to current upside motion.

Trading recommendations:
Currently it is recommended to trade up with the target to 1.3526. Stop Loss is placed below 1.3298. In case the MACD reverses down then long positions should be closed.


Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

The EUR/USD technical analysis and trading recommendations for December 15, 2010

Overview:
The correction against the uprising movement started yesterday. Buy signal with the target to 1.3611 is still observed. This signal is strong and confirmed as the Chinkou Span managed to fixate above the price graph and the price fixed above the Ichimoku cloud. However, the price is moving down and the MACD indicates the correction. Until the MACD reverses up it is not recommended to trade, after reversal the first target will be 1.3526 – the second resistance level. In case this level is passed the next target for uprising movement will be the third resistance level of 1.3632.
The upside movement remains until the price is above the Kijun-Sen (1.330), long positions should be closed in case the price fixates below this line. The Chinkou Span is above the price graph, thus confirming the current buy signal and bullish sentiment. The Bollinger bands show the continuation of uprising movement, the lines are diverging and directed up. The MACD is descending, thus pointing to the current correction motion.

Trading recommendations:
Currently it is recommended to trade up with the target to 1.3526. Stop Loss is placed below 1.3330. In case the MACD reverses up we enter the market.


Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

GBP/USD Continuing Upward Trend, December 15, 2010 (Daily Strategy)

GBP/USD

Having risen to the last 1.5900 high, the British pound – United States dollar pair is now in the midst of a technical correction for the rises of the beginning of the month. The technical image on the pair reveals the key points where probability for an end to the corrective movement is highest.

The 1.5685 and 1.5635 support levels will serve as buy triggers in case the negative momentum is preserved. The goal is, of course, to time a relatively low-level buy deal entry, based on the estimate that the upwards trend will resume itself and complete an upwards movement until our final goal at the meaningful resistance level of 1.5980 or 1.6000, United States Dollars for one British pound.

Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

EUR/USD Technical Analysis. Support and Resistance Levels For December 16, 2010

Today Technical Level:

Breakout Buy level : 1.3294.
Strong Resistance : 1.3286.
Original Resistance : 1.3273.
Inner Sell Area : 1.3260.
Target Inner Area : 1.3229.
Inner Buy Area : 1.3198.
Original Support : 1.3185.
Strong Support : 1.3172.
Breakout Sell level : 1.3164.

Today Outlook:

After the Riot at Italy yesterday, this pair has already moved down to the 1.3225 level yesterday. However, it seems the mark of 1.3200 served as a strong Support. For today if this pair can close above the 1.3225 level, then the pair will probably move to 1.3250 as a first target and to 1.3275 (Fibonacci Resistance 23.6%) as a second target. However, if this pair breaks out and closes below the level of 1.3200, it will allow the pair to move down to 1.3175 as a first target and to the level of 1.3150 as a second target.


Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

Candlestick analysis of the GBP/USD for December 16, 2010

On a 4-hour graph the GBP/USD shows the strong decline after it failed to test the resistance level of 1.5900. In case the support level of 1.5500 is broken through then the decline with a target to 1.5300 is expected.
The viewpoint is still bearish, since the pair has formed the combination of candlesticks Bearish Engulfing, confirmed further.
This combination of candlesticks appeared after the pair failed to break out the resistance level near 1.6085-1.6096, which means that the bulls did not manage to solidify here. Further the bears started t increasing their presence.
The breakthrough of 1.5841 means that this point of view is correct.

Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

The GBP/USD wave analysis for December 17, 2010.

Yesterday, after a 2-day’s decline, the GBP/USD price advanced 100 pips from the previous lows. Therefore, given the current wave situation we can assume that this gain of the pound is taking place within the 4th wave of the current downward section developing since December 14 from the level 1.5910. If so, after the formation of the 4th wave is completed, the pair will decline further, presumably, along the line of estimated target level near 1.5465.

Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

EUR/USD Technical Analysis. Support And Resistance Levels For December 17, 2010

Breakout Buy level : 1.3294.
Strong Resistance : 1.3286.
Original Resistance : 1.3273.
Inner Sell Area : 1.3260.
Target Inner Area : 1.3229.
Inner Buy Area : 1.3198.
Original Support : 1.3185.
Strong Support : 1.3172.
Breakout Sell level : 1.3164.
TODAY OUTLOOK :

The mark 1.3200 served as a strong support level for this pair for several days. If the pair breaks out and closes above1.3250, then the mark of 1.3275 will be a first target for this pair and the 1.3300 will be a second target. However, if this pair manages to breakout and close below the mark 1.3200, the pair will probably go up to 1.3175 as a first target and to 1.3150 as a second target.


TODAY SUGGESTION :

BUY at 1.3298; Take profit at 1.3308 or 1.3318

SELL at 1.3191; Take Profit at 1.3181 or 1.3171


Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

Candlestick analysis of the GBP/USD for December 20, 2010

On a 4-hour graph the GBP/USD is testing the support level of 1.5500. Earlier the currency pair dropped sharply after it after it failed to break out the resistance level of 1.5900. In case the support level of 1.5500 is broken through the downside movement with the target to 1.5300 is expected. The viewpoint is still bearish, since earlier the pair has formed the combination of candlesticks Bearish Engulfing, which indicates the downside movement, confirmed further.
This combination of candlesticks developed after the currency pair could not break out the resistance level near 1.6085-1.6096, which means that the bulls did not manage to solidify here and 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
InstaForex Companies Group © 2007-2010

 

[bhanu545]

EUR/USD. Weekly and Monthly Pivot Points, December 20, 2010

_____MONTHLY______

Monthly - R3 = 1.5167

Monthly - R2 = 1.4724

Monthly - R1 = 1.3854

Monthly Pivot = 1.3411

Monthly - S1 = 1.2541

Monthly - S2 = 1.2098

Monthly - S3 = 1.1228

_____WEEKLY_______

Weekly - R3 = 1.3777

Weekly - R2 = 1.3637

Weekly - R1 = 1.3412

Weekly Pivot = 1.3272

Weekly - S1 = 1.3047

Weekly - S2 = 1.2907

Weekly - S3 = 1.2682

Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2010

 

[Hubu]

So what do you think, how much spave we have to the upside?

 

[bhanu545]

The EUR/USD technical analysis and trading recommendations for December 22, 2010

Overview:
Another correction started without even touching the first support level, which is indicated by MACD. The developed sell signal has target level of 1.2966. This signal is strong and confirmed since the Chinkou Span fixed below the price graph and the price managed to fixate below the Ishimoku cloud. But as mentioned before, correction movement is continuing, therefore it is not recommended to trade down until it ends. The first target for downside movement is 1.3047 – the first support level. If the first support level is passed the next target will be the second support level of 1.2907. The downside movement remains until the price is below the Kijun-Sen (1.3220), short positions should be closed if the price strengthens above this line. The Chinkou Span is below the price graph, thus confirming the current sell signal and indicates the bullish sentiment. The Bollinger bands show the downwards movement, the lines are directed down and diverging. The MACD is ascending, thus point to the current correction movement.
Trading recommendations:
Currently it is recommended to trade down with the target to 1.3047, in case this level is passed the target will be 1.2907. Stop Loss should be placed above 1.3220. Short positions should be opened only if the MACD reverses down.


Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2010