Technical analysis on EU,GU and majors

[bhanu545]

GBP/USD Intraday Technical Analysis 2012-03-22

The spot rate is currently testing the intermediate support of its medium term bearish channel at 1.5810 suggesting a rebound. However, a break of these levels will entail a decline to the lower limit of this one - to 1.5510.
Technical indicators provide sell-signals supporting the assumptions of a rebound. Bollinger bands are much discarded as a result of the strong increase of these days. Stabilization is expected in the short term.
According to previous events, the market will give a bearish opportunity as soon as the spot rate has broken through its support at 1.5810 with the 1st target at 1.5750, then at 1.5730. A break through 1.5830 will change this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

EUR/USD Intraday Technical Analysis 2012-03-22

The spot rate is currently testing the intermediate support of its medium term bearish channel at 1.3150 suggesting a rebound. However, a break of these levels will entail a decline to the lower limit of this one to 1.2940.
Technical indicators provide sell-signals but are approaching the oversell zone supporting the assumptions 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 indicate a bearish opportunity as soon as the spot rate has broken its support at 1.3150 with the 1st objective of 1.3090, then 1.3070. A break through 1.3170 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

EUR/USD Intraday Technical Analysis 2012-03-23

The spot rate is currently testing the intermediate resistance of its medium term bullish channel in 1.3280 indicating a possible decline. However, a breakdown of these levels will enable the reaching of the upper limit of its channel in the point 1.3350.

Technical indicators provide signals for BUY-deals but approaching to the overbuy zone confirms the prospect decline. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.

Proceeding from the previous events, the market indicates a bullish opportunity as soon as the spot rate will has broken its resistance in 1.3280 with 1st objectives seen at the 1.3330 and 1.3350 levels. If the level 1.3260 is broken, the prospect scenario will be invalidated.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

GBP/USD Intraday Technical Analysis 2012-03-23

The spot rate is presently testing the upper limit of its medium term bearish channel in 1.5890 and is likely to initiate a decline. However, a breakdown of these levels will reveal significant potential starting a bullish trend.

Technical indicators provide signals for Buy-deals but approaching to the overbuy zone confirms the assumptions of a decline. Bollinger bands are much discarded due to the strong increase that took place these days. The situation is likely to stabilize soon.

According to the previous situation, the market indicates a bullish opportunity as soon as the spot rate will has broken its resistance in 1.5890 with 1.5950 and 1.5970 seen as first objectives. A breakdown of the 1.5870 level will reverse this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

GBP/USD Intraday Technical Analysis 2012-03-26

At the moment the spot rate is testing the upper limit of its medium term bearish channel in the point 1.5890 and is expected to decline. However, a breakdown of these levels will reveal significant potential resulting in the beginning of a bullish trend.

Technical indicators do not provide clear signals but as long as the resistance is unbroken, the assumption of a decline is relevant. Bollinger bands have greatly tightened in recent days indicating a decline in volatility and the imminence of a violent movement.

Proceeding from the previous events, the market indicates a bullish mood as soon as the spot rate will has broken its resistance in 1.5890 with 1.5950 and 1.5970 seen as first objectives. If the 1.5870 levels is passed through, the prospect scenario will be reversed.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

EUR/USD Wave Analysis for March 26, 2012

Wave marking analysis:
On Friday the EUR/USD pair has managed to continue the ascending movement that begun recently. In the course of the Asian session it reached the point 1.3290 having overcome the high of the 3rd wave of the whole uprising part of the trend. Therefore, we can assume that within this part the pair has formed the 5-wave structure which in turn is a part of more complicated correction. Proceeding from the size of this 5-wave structure the targets for its 5-wave structure are seen at the levels of 33 and 34 figures.
Targets for the variant with the wave 5 (supposed):
1.3293 – 161.8% according to Fibonacci
1.3334 – 200.0% according to Fibonacci

Targets for the variant with the beginning of the descending part of the trend:
1.3106 – 76.4% according to Fibonacci
1.3078 – 88.6% according to Fibonacci

General conclusion and trading recommendations:
Corrections of the wave marking indicate that the ascending part of the trend is being formed within the wave 5. Current upward movement has targets 1.3293 and 1.3334 corresponding to 161.8% and 200.0% of Fibonacci. If the current wave marking is true, that the impulse downside movement is likely to resume when the wave 5 is completed renewing the local minimum of the supposed wave 1 or A. Nevertheless, the marking remains quite controversial.

Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

EUR/USD Intraday Technical Analysis 2012-03-27

The spot rate has broken the intermediate resistance of its medium term bullish channel in 1.3340 resulting in acceleration. A pullback is expected to take place on these levels before the resumption of the bullish trend and reaching of the channel's upper limit.

Technical indicators provide signals for Sell-deals and approaching the overbuy zone supporting the assumptions of a decline. Bollinger bands have greatly tightened in recent days indicating a volatility decline and the imminence of a violent movement.

According to the previous events, the market indicates a bullish opportunity at level 1.3340 with 1.3400 and 1.3420 seen as first targets. A breakdown in 1.3320 will revesre this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

GBP/USD Intraday Technical Analysis 2012-03-27

The spot rate is presently testing the upper limit of its medium term bullish channel in 1.6000 and is likely to initiate a decline. However, if these levels are passed through, the revealed potential will result in more violent movement of a bullish trend.

Technical indicators provides buyers signals and approaching the overbuy zone supporting the assumptions of a decline. 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 indicates a bullish opportunity as soon as the spot rate will has broken its resistance in 1.6000 with 1st objectives 1.6060 and1.6080. In case the level 1.5980 is passed through, the proposed scenario will be invalidated.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

EUR/USD Sell Bellow 1.3300 - March 28, 2012 2

The EUR / USD pair is showing slightly bullish behaviour although bearish correction is possible only if it closes below 1.3300.
According to the table Fractals, the euro has found good support at 1.3305.
If there is a pullback we recommend selling at 1.3390 and if the price continues downwards we recommend selling below 1.3300 with targets at weekly pivot point - 1.3230
Range Oscillator is in overbought area and is showing a possible bearish correction.

Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

GBP/USD Consolidation for March 28, 2012 (Daily Strategy)

The GBP/USD pair trades in a downward trend on 4H chart due to the announcement that the UK GDP fell again in the fourth quarter of 2011. The UK financial stability remains highly uncertain. The European debt problems will continue to exert pressure on the British economy.
Considering the technical levels, the pound is approaching the bullish channel near the weekly pivot point; if there is a break of this trend line, it will change the scene for the next session. Moreover, a rebound above the weekly PPV around 1.5853 would be a good point to buy with targets at 1.6000
The MACD indicator is in oversold area and is showing possible consolidation.

Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012

 

[YES]

I'm short EUR/USD with a testing of the 1.3185 support. That will be my take profit.

 

[bhanu545]

GBP/USD Intraday Technical Analysis 2012-03-29

The spot rate is currently testing the intermediate resistance of its medium term bullish channel at 1.5940 suggesting a decline. However a break of these levels will allow it to reach the upper limit of its channel to 1.6030.
Technical indicators provide sell-signals and until that the resistance is not broken the assumption of a decline is most likely. Bollinger bands are much discarded as a result of the strong decline of these days. Stabilization is expected in the short term.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance at 1.5940 with the 1st objective of 1.6000, then 1.6020. A break through 1.5920 will change the plan.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

EUR/USD Intraday Technical Analysis 2012-03-29

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.3360 and seems to initiate a decline. However a break of these levels will free up significant potential and initiate a bullish trend.
Technical indicators provide buy-signals but until that 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 indicate a bullish opportunity as soon as the spot rate has broken its resistance at 1.3360 with the 1st objective of 1.3420, then 1.3450. A break of 1.3340 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

EUR/USD Sell Bellow Fractal 1.3405 - March 30, 2012

The pair EUR / USD pair is trading within the upward trend due to optimism over the meeting of Finance Ministers of the Eurozone that was held today and covered the topics related to the EFSF and ESM funds.

As to the technical level we can note that the single currency has tried for several times to pass through 1.3390, though it failed. If we look at the chart, we can see a very strong fractal 1.3405 at this level.

We recommend Sell-deals below this level with targets seen at the level 1.3170. A weekly and monthly closure above 1.3405 will change the perspective of the pair targeting the level 1.3490 towards the point 1.36.

Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

GBP/USD: Correction for March 30, 2012 (Daily Strategy)

The GBP / USD pair is traded in an uptrend and found resistance at 1.6005 W_R2. In the yesterday's analysis we mentioned that the pound will have the objective at level 1.60 given that the statistics for the pound is unfavorable, apparently due to the weakness of the labor sector and a high level of inflation that affects retail sales. However, the influence of the external environment is stronger driving the pair to new highs.

We believe that thisis not a long-term prospective. So, we recommend Sell-deals at level 1.6088 with a short-term target 1.5850.

The range indicator and Momentum are showing the overbought levels and the beginning of a correction.

Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

GBP/USD Intraday Technical Analysis 2012-04-02

The spot rate is currently testing the upper limit of its medium term bullish channel in 1.6060 and is likely to decline. However, a breakdown of these levels will reveal significant potential and initiate a more violent bullish trend .

Technical indicators provide signals for Sell-deals and approaching the overbuy zone confirms the assumptions of a decline. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.

Proceeding for previous situation, the market indicates a bullish opportunity as soon as the spot rate will has broken its resistance in 1.6060 with 1.6120 and 1.6150 seen as first objectives. In case the level 1.6040 is passed through, the proposed scenario will be invalidated.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

EUR/USD Intraday Technical Analysis 2012-04-02

The spot rate is approaching the lower limit of its medium term bullish channel in 1.3310 indicating a possibel rebound. However, a breakdown of these levels will reveal significant potential aentailing a bearish channel.

Technical indicators do not provide clear signals but as the support remains unbroken, the assumption of a rebound remains relevant. 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 indicates a bullish opportunity at level 1.3310 with 1st objective 1.3370 and 1.3390. A breakdown in 1.3290 will reverse this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

GBP/USD Intraday Technical Analysis 2012-04-03

The spot rate is currently testing the upper limit of its medium term bullish channel at 1.6070 and seems to initiate a decline. However a break of these levels will free up significant potential and initiate a bullish trend more violent.
Technical indicators provide buy-signals but are approaching the overbuy zone suggesting a decline. 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 indicate a bullish opportunity as soon as the spot rate has broken its resistance of 1.6070 with the 1st objective of 1.6130, then 1.6150. A break through 1.6050 will invalidate this plan.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

EUR/USD: Sell Bellow 1.3405 - Fractal Analysis for April 03, 2012

EUR / USD has entered a zone which seems not to be exceeded - 1.34, but without yielding firm of 1.32, only data for the next few days concerning the ECB's monetary policy and employment in the United States appear to be able to give a faster rate.
From a technical point of view we can notice the formation of a fractal 1.3324, if the sequence continues downward, we recommend buying at 1.3245 level which is the lowest fractal zone, and near 1.3220 – a weekly support, or if the euro increases your quote, then we can sell during the next fractal pullback from 1.3405 with targets at 1.3230.
The range indicator shows that the euro is overbought.

Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

GBP/USD Rebound for April 4, 2012 (Daily Strategy)

GBP/USD broke through its uptrend line that led to the maximum of 1.6062. At this moment it is a key point of weekly support, and at this level has been very strong to break it during the previous sessions.
The fall of the pound happens due to the strong deterioration in investors’ sentiment on the world capital markets.
As the pound is at a key point of support, we recommend buying with the aim at 1.5970, which will be a pullback of the pair. In addition the definitive break of 1.5845 will give origin to a fall to 1.5716.
The Momentum indicator is showing an upward bounce.

Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012