Technical analysis on EU,GU and majors

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GBP/USD wave analysis for June 30, 2011

During yesterday’s trading the GBP/USD currency pair continued growth in favour of the British currency limited by the estimated upside correction. At the same time, its inner wave structure is forming the first waves of a more continuous future uptrend. In the meantime, there is a possibility that the current upside movement will stop near the 61 figure level, which in its turn can complicate the whole wave situation of the 3rd wave.

Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2011

 

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GBP/USD Intraday Technical analysis

The spot rate is currently testing the intermediate resistance of its medium term bearish channel at 1.6110. However as a break of the channel has not made the upside potential limited.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6160 with a 1st objective of 1.6260, then 1.6300. A break in 1.6130 would invalidate this scenario.

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

 

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EUR/USD Intraday Technical Level For July 1st / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.4542.
Strong Resistance : 1.4534.
Original Resistance : 1.4520.
Inner Sell Area : 1.4506.
Target Inner Area : 1.4472.
Inner Buy Area : 1.4437.
Original Support : 1.4424.
Strong Support : 1.4230.
Breakout SELL Level : 1.4401.

SHORT DESCRIPTION :
Today the EUR/USD is to find Support and Resistance between 1.4424 and 1.4520 and it has a strong Support at 1.4230 and a strong Resistance at 1.4534; if today the EUR/USD breaks out and closes below 1.4401, it will be a sign for Short trading for today; on the other hand, if the pair can break out and close above 1.4542, 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 1.4437 for LONG trading and the Inner Sell Level at the 1.4506 for the SHORT trading, and all of them with the target at the 1.4472 level.

Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2011

 

[bhanu545]

EUR/USD Intraday Technical analysis 2011-07-04

The spot rate is currently testing the intermediate resistance of its medium-term bullish channel at 1.4580 and seems to start a decline. However a break of these levels would allow it to reach the upper limit of the channel to 1.4810.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4580 with a 1st objective of 1.4680, then 1.4700. A break in 1.4550 would invalidate this scenario.

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

 

[bhanu545]

GBP/USD Intraday Technical analysis 2011-07-04

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.6100 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 1.6100 with a 1st objective of 1.6190, then 1.6250. A break in 1.6080 would invalidate this scenario.

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

 

[bhanu545]

EUR/USD Intraday Technical analysis 2011-07-06

The spot rate is currently testing the intermediate resistance of its medium term bearish channel at 1.4480 and seems to start a decline. However a break of these levels would allow it to reach the upper limit of the channel to 1.4550.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4480 with a 1st objective of 1.4550, then 1.4580. A break in 1.4460 would invalidate this scenario.

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

 

[bhanu545]

GBP/USD Intraday Technical analysis 2011-07-06

The spot rate is currently testing the intermediate support of its medium-term bullish channel at 1.6050 and seems to start rebound. However a break of these levels would entail a return to the lower limit of the channel to 1.6000.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6050 with a 1st objective of 1.6140, then 1.6160. A break in 1.6030 would invalidate this scenario.

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

 

[bhanu545]

EUR/USD Intraday Technical analysis 2011-07-07

The spot rate is currently testing the intermediate support of its medium-term bullish channel at 1.4280 suggesting a rebound in the short term. However a break of these levels would entail a return to the lower limit of the channel to 1.4160.

According to previous events, the market indicates a bullish opportunity on the levels of 1.4280 with a 1st objective of 1.4390, then 1.4420. A break in 1.4250 would invalidate this scenario.

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

 

[bhanu545]

GBP/USD Intraday Technical analysis 2011-07-07

The spot rate is currently testing the lower limit of its medium-term bullish channel at 1.5960 suggesting a rebound. However a break of these levels would initiate a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5960 with a 1st objective of 1.6050, then 1.6100. A break in 1.5930 would invalidate this scenario.

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

 

[bhanu545]

EUR/USD Intraday Technical analysis 2011-07-08

The spot rate approaches the upper limit of its medium term bearish channel to 1.4410 suggesting a decline. However a break of these levels would free up significant potential and initiate a bullish trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4410 with a 1st objective of 1.4500, then 1.4540. A break in 1.4390 would invalidate this scenario.


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

 

[bhanu545]

GBP/USD Intraday Technical analysis 2011-07-08

The spot rate is currently testing the intermediate support of its medium term bearish channel at 1.5920 suggesting a rebound. However a break of these levels would entail a return to the lower limit of the channel to 1.5730.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5920 with a 1st objective of 1.6050, then 1.6080. A break in 1.5890 would invalidate this scenario.

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

 

[bhanu545]

EUR/USD Intraday Technical analysis 2011-07-11

The spot rate approaches the lower limit of its medium term bearish channel in 1.4130 suggesting a rebound. However a break of these levels would initiate a bearish trend more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 1.4130 with a 1st objective of 1.4230, then 1.4270. A break in 1.4100 would invalidate this scenario.

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

 

[bhanu545]

GBP/USD Intraday Technical analysis 2011-07-11

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.6080 and seems to initiate 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 1.6080 with a 1st objective of 1.6170, then 1.6250. A break in 1.6050 would invalidate this scenario.

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

 

[bhanu545]

GBP/USD Intraday Technical analysis 2011-07-12

The spot rate is currently testing the intermediate support of its medium term bearish channel in 1.5850 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.5700.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5850 with a 1st objective of 1.5950, then 1.6000. A break in 1.5820 would invalidate this scenario.

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

 

[bhanu545]

EUR/USD Intraday Technical analysis 2011-07-12

After breaking its short-term support in 1.4200 the spot rate has accelerated and is currently testing the lower limit of its medium term bearish channel in 1.3930 suggesting a rebound. However a break of these levels would initiate a bearish trend more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 1.3930 with a 1st objective of 1.4030, then 1.4100. A break in 1.3900 would invalidate this scenario.

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

 

[bhanu545]

GBP/USD Intraday Technical analysis 2011-07-13

The spot rate approaches the upper limit of its medium term bearish channel in 1.6030 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its long-term bearish channel to 1.6260.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6030 with a 1st objective of 1.6150, then 1.6180. A break in 1.6000 would invalidate this scenario.

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

 

[bhanu545]

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

Overview:
Forex market analysis for July 13 shows that at the moment the currency is still observing a sell signal with target level 1.4310, the target level was reached by the price, however, downside movement remains. The formed sell signal is strong and confirmed, since the Chinkou Span fixated below the price graph and the price is below the Ichimoku cloud. At the moment the first target is 1.3984 – the second support level, however, downside trading should be started below this level. If this level is passed the second target will be the second resistance level at 1.3756. Downside movement remains while the price is above the Kijun-sen (1.4100), if the price fixates above this line it is recommended to cut short positions. The Chinkou Span is below the price graph, which confirms the current sell signal and indicates bearlish sentiment. The Bollinger bands show possible downside movement, the lines are diverging and directed down. The MACD is ascending, which indicates current correction movement, this filter does not allow us to trade up now, but the MACD reverses down it will be a signal to open short positions again.
Trading recommendations:
Currently it is recommended to trade down with target at 1.3756 and further to 1.3984 and 1.3521. Stop Loss should be placed above 1.4100 and stretched down as the Kijun-sen declines. It is recommended to start up trading after the MACD reverses down.

Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2011

 

[bhanu545]

EUR/USD Intraday Technical analysis 2011-07-14

The spot rate approaches the intermediate resistance of its medium term bearish channel in 1.4320 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.4530.

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 1.4430, then 1.4450. A break in 1.4290 would invalidate this scenario.

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

 

[bhanu545]

GBP/USD Intraday Technical analysis 2011-07-14

The spot rate broke the upper limit of its short term bearish channel in 1.6030 resulting in an acceleration. A pull back on these levels is possible before a resumption of bullish.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6030 with a 1st objective of 1.6150, then 1.6180. A break in 1.6000 would invalidate this scenario.

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

 

[bhanu545]

The market manipulations analysis of the EUR/USD by Alexey Portnov for July 15, 2011

The euro reached the mentioned supply levels and after this the pair started to correct. At the moment the currency is correcting above the support levels, therefore we should not expect further decline yet. Among important news I would like to highlight the US CPI data known as inflation barometer due today.
Trading recommendations:
- buy from the mentioned support levels.

Performed by Alexey Portnov, Analytical expert
InstaForex Companies Group © 2007-2011