Technical analysis on EU,GU and majors

[bhanu545]

GBP/USD Intraday Technical analysis 2011-09-09

The spot rate broke the intermediate resistance of its medium term bearish channel in 1.5940 leading to an acceleration. A pull back on these levels is expected before a resumption of bullish.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5940 with a 1st objective of 1.6050, then 1.6080. A break in 1.5910 would invalidate this scenario.

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

 

[YES]

The EUR/USD has gapped down about 100 pips and is currently in the low 1.35's. I think there will be a bounce from here and price will rise to 1.3838 where the previous support was, and from there, price will continue in its downwards trend.

What do you think of that analysis, do you think it's sound?

 

[YES]

The spot rate broke the intermediate resistance of its medium term bearish channel in 1.5940 leading to an acceleration. A pull back on these levels is expected before a resumption of bullish.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5940 with a 1st objective of 1.6050, then 1.6080. A break in 1.5910 would invalidate this scenario.

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

What indicator are you using at the bottom of your chart there?

 

[bhanu545]

EUR/USD Intraday Technical analysis 2011-09-12

The spot rate is currently testing the intermediate resistance of its short-term bearish channel in 1.3580 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.3670.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3580 with a 1st objective of 1.3670, then 1.3720. A break in 1.3560 would invalidate this scenario.

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

 

[bhanu545]

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

The pound rate is declining further, the sell signal is still being observed with the first target at 1.5754 not reached yet. 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 1.5754 – the first support level. If this level is passed the second target will be the second support level at 1.5627. Downside movement remains while the price is below the Kijun-sen (1.5990), 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 bearish sentiment. The Bollinger bands show continuing downside movement, the lines are slightly diverging and directed down. The MACD is descending, which indicates current downside movement, therefore it is possible to trade down now, however the reverse of the MACD to the upside will be a signal to cut short positions.

Trading recommendations:
Currently it is recommended to trade down with target at 1.5754 and further to 1.5627. Stop Loss should be placed above 1.5990 and stretched down as the Kijun-sen declines. It is recommended to cut short positions after the MACD reverses u.

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

 

[bhanu545]

EUR/USD Technical Correction, September 13, 2011

The analysis of long-term (weekly chart) euro-dollar pair shows that the last upward wave euro-dollar trend began in June 2010 and is still ongoing as long as the pair is trading above the level of support Finally, about $ 1.3200 per euro.


Given that markets are now unlikely to exist not agitated when the dust settles to make ends meet. However, chances are you have a break until the weekly pivot level 1.3840, then resume their downward trend in short term. We expect that the price reaches down to the level of important test of 1.3222, in order to locate positions of long-term purchase and return to the upward trend with target price of 1.3830 and $ 1.4464 per euro in the long term.

Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011

 

[bhanu545]

GBP/USD wave analysis for September 13, 2011

Show full pictureYesterday during the whole day the GBP/USD currency pair was trading in a narrow price range stuck between the levels 1.5800 and 1.5880. At the same time the price tried to finish the formation of the 5th wave in the estimated 5th of the whole downtrend section initiated August 19. Thus, we might suppose that after observing the target level at the 1.5757 level the spot rate will start a correction movement to the upside to the 61 and 62 figure levels.

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

 

[bhanu545]

Fundamental market review for September 14, 2011

The euro is now in a defensive position amid fading hopes that China will buy Italian obligations. Investors have been considering the comments made by German Chancellor Angela Merkel on the stabilizing measures: she thinks they are to be long-term. Merkel also emphasized that the eurozone debt crisis is unlikely to be settled soon.
The euro has been facing downtrend risks amid remaining concerns over swelling European debt problems. Investors have been attaching great significance to the phone conference of Greek Prime Minister George Papandreou, German Chancellor Angela Merkel and French president Nicolas Sarkozy that is to take place later during the session, Tokyo Forex & Ueda Harlow Yuzo brokerage promotion manager Sakai says.
The European Commission will soon put forward its offers on eurozone obligation release, president of the European Commission José Manuel Barroso said on Wednesday. Yet he warned that it will not put an end to the crisis. "I want to confirm that the Commission will soon present options for the introduction of eurobonds," he said.
"Some of these could be implemented within the terms of the current treaty, and others would require treaty changes."
"But we must be honest: this will not bring an immediate solution for all the problems we face and it will come as an element of a comprehensive approach to further economic and political integration," he said.
Barroso highlighted the need for deeper integration of eurozone and added that it will not be until eurozone shows that it can fulfill its obligations that the financial markets will be confident in the ability of eurozone to overcome the crisis.

Performed by Natalia Grigorieva, Analytical expert
InstaForex Companies Group © 2007-2011

 

[bhanu545]

GBP/USD Intraday Technical analysis 2011-09-14

The spot rate is currently testing the lower limit of its medium term bearish channel in 1.5740 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 1.5740 with a 1st objective of 1.5830, then 1.5860. A break in 1.5720 would invalidate this scenario.

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

 

[bhanu545]

EUR/USD Intraday Technical analysis 2011-09-15

The spot rate approaches the upper limit of its short-term bullish channel in 1.3760 suggesting a decline. However a break of these levels would allow it to initiate a bullish trend more violent.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3760 with a 1st objective of 1.3870, then 1.3890. A break in 1.3730 would invalidate this scenario.

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

 

[bhanu545]

GBP/USD Intraday Technical analysis 2011-09-15

The spot rate approaches the upper limit of its short-term bearish channel in 1.5810 suggesting a decline. However a break of these levels would allow it to 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 1.5810 with a 1st objective of 1.5920, then 1.5950. A break in 1.5780 would invalidate this scenario.

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

 

[bhanu545]

EUR/USD Intraday Technical analysis 2011-09-16

The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.3940 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.4480.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3940 with a 1st objective of 1.4050, then 1.4080. A break in 1.3910 would invalidate this scenario.

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

 

[bhanu545]

GBP/USD technical analysis for September 16

As expected, during yesterday trading the GBP/USD continued to form the inner wave structure of the upside correction. At the same time, the correction level 38.2% (1.6055) might act as a possible target for such correction. In the meantime, the whole correction structure would look much more convincing if the level 50.00% (1.6160) coinciding with the upper limit of the inclined corridor was hit.

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

 

[bhanu545]

EUR/USD candlestick analysis (long-term view) 2011-09-19

The EUR/USD currency pair closed with a sharp advance last week.
Earlier in a weekly graph the EUR/USD formed Dark Cloud Cover candlestick combination indicating downside movement confirmed further.
This combination shows that the pair dropped sharply after an attempt to advance to the resistance level 1.4700, which means that the bears started to increase their influence.
Further decline is supported by the RSI indicator demonstrating a rollback from the overbought level 70.0.
Break of the support level 1.3969 will denote that this point of view is correct. In this case we should expect a decline to the support level 1.3427 where the Fibonacci correction level 50.0 is also located.
It is worth mentioning that stop loss should be placed slightly above the resistance level 1.4700 as its break will target the pair to 1.4900. 

Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2011

 

[bhanu545]

GBP/USD wave analysis. Week review 2011-09-19

During last week trading the GBP/USD currency pair nearly passed the 57 figure level. After this it started to trade in the range trying to form the beginning of an upside correction. At the same time, given the nearness of the lower line of the old upside corridor we might suppose that the price will try to return into its limits. In this case there is a possibility that within such future upside correction structure the rate might reach 1.6055 – 1.6160.

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

 

[bhanu545]

EUR/USD Intraday Technical analysis 2011-09-20

The spot rate has bounced on the lower limit of its medium term bearish channel in 1.3570 and approach to the intermediate resistance of its channel to 1.3660. A break of these levels would allow it to reach the upper limit of its channel to 1.3720.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3660 with a 1st objective of 1.3720, then 1.3760. A break in 1.3640 would invalidate this scenario.

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

 

[bhanu545]

GBP/USD Bullish Outlook September 20 2011 (Daily Strategy)

The pair sterling - U.S. dollar once again operates around the 1.5700 support level and therefore represents an interesting opportunity for the buy. In the short term is expected to advance easily pair towards 1.5880 resistance first, but then the pair-dollar British pound will have to face the important 1.5850 level test.

The clean break from the standard of proof represents an indication of the high potential for continued upward movement also to longer ranges. Preferred price targets for the year are around the 1.6000 resistance levels. On the contrary, the continuing negative trend with the drilling of 1.5550 support will finally end the positive outlook and lead to a new analysis of the situation.

Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011

 

[bhanu545]

EUR/USD Intraday Technical analysis 2011-09-21

The spot rates approach to the upper limit of its medium term bearish channel in 1.3740 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 1.3740 with a 1st objective of 1.3830, then 1.3860. A break in 1.3720 would invalidate this scenario.

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

 

[bhanu545]

GBP/USD Intraday Technical analysis 2011-09-21

The spot rates approach to the upper limit of its medium term bearish channel in 1.5750 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 1.5750 with a 1st objective of 1.5850, then 1.5870. A break in 1.5720 would invalidate this scenario.

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

 

[bhanu545]

EUR/USD Intraday Technical Analysis September 22, 2011

EUR/USD currency pair is now testing the low of last Monday at 1.3495.

Although the daily closure of yesterday is bearish, The current support level 1.3430 mentioned before at previous articles is considerable.

This may be a low risk long opportunity at 1.3430 with SL daily closure below the entry level.

TP will be 1.3490, 1.3530 then 1.3600.

Performed by Mohamed Samy, Analytical expert
InstaForex Companies Group © 2007-2011