Technical analysis on EU,GU and majors

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GBP/USD Intraday Technical analysis 2011-06-15

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The spot rate is currently testing the upper limit of its medium-term bearish channel at 1.6440 and seems starting to decline. However a break of these levels would free up significant potential and initiate a new trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6440 with a 1st objective of 1.6550, then 1.6580. A break in 1.6410 would invalidate this scenario.


Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
EUR/USD Intraday Technical Level For June 15th / 2011

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TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.4503.
Strong Resistance : 1.4494.
Original Resistance : 1.4481.
Inner Sell Area : 1.4467.
Target Inner Area : 1.4433.
Inner Buy Area : 1.4398.
Original Support : 1.4385.
Strong Support : 1.4371.
Breakout SELL Level : 1.4362.

SHORT DESCRIPTION :

Today the EUR/USD is to find Support and Resistance between 1.4385 and 1.4481 and it has a strong Support at 1.4371 and a strong Resistance at 1.4494; if today the EUR/USD breaks out and closes below 1.4362, it will be a sign for Short trading for today; on the other hand, if the pair can break out and close above 1.4503, it will be the sign for LONG trading for today. Another option for the advanced trader can be trading between the Inner Buy Level at the 1.4398 for LONG trading and the Inner Sell Level at the 1.4467 for the SHORT trading, and all of them with the target at the 1.4433 level.

Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2011
 
EUR/USD technical analysis and trade recommendations June 17, 2011

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EURO/USD currency pair successfully broke the support level 1.4325 with a very bearish full body candle.
This indicates the strength of the current downside movement.
EUR/USD reacted towards next support level 1.4060 with a hummer candlestick.
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As we expected 161.8% FiboExpansion level acted as a support limiting further decline of the currency pair .

Suggested trade from this level achieved its target .

Now price is limited in a range between resistance and support which haven't been tested till now .

Level 1.4320 as resistance level , 1.4060 as a support so we should keep eyes on both of them .

Trade Recommendations :

Level 1.4320 would be a good area to SELL the pair at , with targets 1.4140 , 1.4080 , 1.3980 with SL above 1.4500

Direct closure below 1.4060 gives Short signal with to the same targets

Performed by Mohamed Samy, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD technical analysis & Trade Plan for June 17, 2011

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Yesterday , the currency pair was testing the uptrend line , lower limit of the bearish channel .

Yesterday's DAILY candlestick came confusing as it has long lower tail .

We still need good bearish candle to make sure the uptrend line is broken .
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On 4H, the uptrend line is broken temporarily , but this isn't confirmatory untill lows 1 , 3 are broken or strong Daily bearish candlestick is formed .

On the other hand there's possibility of formation of 123 Pattern which is effective reversal pattern .

Trade Plan :

Now we have to watch the price action As :

4H Closure above high (2) would confirm the reversal pattern giving long signal .

4H Closure below lows 1,3 would confrim the break of the uptrend line giving short signal .

Performed by Mohamed Samy, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD Intraday Technical analysis 2011-06-20

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The spot rate is currently testing the intermediate resistance of its medium term bearish channel at 1.6210 suggesting a decline. However a break of these levels would allow it to reach the upper limit of the channel to 1.6320.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6210 with a 1st objective of 1.6320, then 1.6350. A break in 1.6180 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
EUR/USD For Weekly June 20th to the June 24th / 2011

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SHORT DESCRIPTION :

Last week the EUR/USD formed a doji combination (red:the market participants are confused) with a close below the opening market and below the Simple Moving Avarage Periode 10 weeks by Close, and all this means the EUR/USD is now still under a downside pressure. For the next week it seems the 1.4250 will be tested again by this pair, if this level can hold the downside pressure it will bring the EUR/USD to test the next Half Major Point at the 1.4500.BUT if the 1.4250 can be easily broken by this pair, it will bring down the EUR/USD to test the mark 1.4000 that serves as the Major Large Quarter Point.

Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD Intraday Technical analysis 2011-06-21

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The spot rate broke the intermediate resistance of its medium term bearish channel at 1.6180 leading to an acceleration. A pullback on these levels is expected before a resumption of bullish.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6180 with a 1st objective of 1.6280, then 1.6320. A break in 1.6150 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
EUR/USD Intraday Technical Level For June 21st / 2011

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TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.4427.
Strong Resistance : 1.4419.
Original Resistance : 1.4405.
Inner Sell Area : 1.4391.
Target Inner Area : 1.4357.
Inner Buy Area : 1.4323.
Original Support : 1.4309.
Strong Support : 1.4295.
Breakout SELL Level : 1.4286.
SHORT DESCRIPTION :

Today the EUR/USD is to find Support and Resistance between 1.4309 and 1.4405 and it has a strong Support at 1.4295 and a strong Resistance at 1.4419; if today the EUR/USD breaks out and closes below 1.4286, it will be a sign for Short trading for today; on the other hand, if the pair can break out and close above 1.4427, it will be the sign for LONG trading for today. Another option for the advanced trader can be trading between the Inner Buy Level at the 1.4323 for LONG trading and the Inner Sell Level at the 1.4391 for the SHORT trading, and all of them with the target at the 1.4357 level.

Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD Intraday technical analysis June 22, 2011

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The spot rate is currently testing the intermediate resistance of its medium term bearish channel at 1.6250. A break of these levels would allow it to reach the upper limit of its channel to 1.6380.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6250 with a 1st objective of 1.6350, then 1.6380. A break in 1.6220 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
EUR/USD Intraday Technical Level For June 22nd / 2011

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TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.4446.

Strong Resistance : 1.4437.

Original Resistance : 1.4423.

Inner Sell Area : 1.4409.

Target Inner Area : 1.4375.

Inner Buy Area : 1.4341.

Original Support : 1.4327.

Strong Support : 1.4313.

Breakout SELL Level : 1.4304.


SHORT DESCRIPTION :

Today the EUR/USD is to find Support and Resistance between 1.4327 and 1.4423 and it has a strong Support at 1.4313 and a strong Resistance at 1.4437; if today the EUR/USD breaks out and closes below 1.4304, it will be a sign for Short trading for today; on the other hand, if the pair can break out and close above 1.4446, it will be the sign for LONG trading for today. Another option for the advanced trader can be trading between the Inner Buy Level at the 1.4341 for LONG trading and the Inner Sell Level at the 1.4409 for the SHORT trading, and all of them with the target at the 1.4375 level.

Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2011
 
EUR/USD Intraday Technical analysis 2011-06-24

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The spot rate approaches the intermediate resistance of its medium term bearish channel at 1.4320 and seems to initiate a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.4420.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4320 with a 1st objective of 1.4420, then 1.4450. A break in 1.4290 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD candlestick analysis for June 24, 2011

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Earlier in a 4-hour graph the GBP/USD has formed Morning Doji Star candlestick combination indicating bullish signal.
This candlestick combination was formed after the pair failed to break the support level 1.5932 which means that the bears could not solidify here. Further the bulls started to increase their influence and a rebound to the upside took place.
Break of the Fibonacci correction level 23.6 will denote that this point of view is correct. In this case we should expect growth to the resistance level 1.6262 where the Fibonacci correction level 50.0 is also located. If the pair fixates above 1.6262, this will target it to 1.6472.
It is worth mentioning that stop loss should be placed slightly below 1.5932 as a break of this support level will allow the pair to reach 1.5750.


Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2011
 
EUR/USD Intraday Technical Level For June 28th / 2011

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TODAY TECHNCIAL LEVEL :
Breakout BUY Level : 1.4362.
Strong Resistance : 1.4353.
Original Resistance : 1.4340.
Inner Sell Area : 1.4326.
Target Inner Area : 1.4292.
Inner Buy Area : 1.4257.
Original Support : 1.4244.
Strong Support : 1.4230.
Breakout SELL Level : 1.4221.

SHORT DESCRIPTION :

Today the EUR/USD is to find Support and Resistance between 1.4244 and 1.4340 and it has a strong Support at 1.4230 and a strong Resistance at 1.4340; if today the EUR/USD breaks out and closes below 1.4221, it will be a sign for Short trading for today; on the other hand, if the pair can break out and close above 1.4362, it will be the sign for LONG trading for today. Another option for the advanced trader can be trading between the Inner Buy Level at the 1.4257 for LONG trading and the Inner Sell Level at the 1.4326 for the SHORT trading, and all of them with the target at the 1.4292 level.

Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD Intraday Technical analysis 2011-06-28

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The spot rate is currently testing the intermediate resistance of its medium term bearish channel at 1.6010. A break of these levels would allow it to reach the upper limit of the channel to 1.6160.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6010 with a 1st objective of 1.6110, then 1.6160. A break in 1.5980 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD Intraday Technical analysis 2011-06-29

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The spot rate broke the intermediate resistance of its medium term bearish channel at 1.5980 leading to an acceleration. A pull back on this area is expected before a resumption of bullish to the upper limit of its channel at 1.6160.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5980 with a 1st objective of 1.6110, then 1.6160. A break in 1.5950 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
EUR/USD Intraday Technical Analysis - June 29, 2011

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The pair is in a bearish channel , it seems to fail to reach the lower limit .

Bullish bounce of the lower limit of the daily triangle and possible double buttom pattern .

Recently the pair broke and closed above the upper limit of the same triangle .
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The pair has broken the short term downtrend line .

Now the pair is testing the resistance level 1.4415-1.4420 which is 50% Fibonatcci Retracement level , Recent top and the intermediate trendline drawn in the chart .

It's obvious also that MACD is trending up .

Conclusion :

Retracement is expected from the current resistance level down to 1.4280-1.4320 which will be a good BUY area .

SL : 4H closure below 1.4250 .

TP : 1.4400 , 1.4450 , 1.4500 .

Performed by Mohamed Samy, Analytical expert
InstaForex Companies Group © 2007-2011
 
EUR/USD Intraday Technical analysis

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The spot rate approaches the upper limit of its medium-term bullish channel to 1.4550 suggesting a decline. However a break of these levels would free up significant potential and initiate a new trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4550 with a 1st objective of 1.4650, then 1.4680. A break in 1.4520 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
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