Technical analysis on EU,GU and majors

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GBP/USD wave analysis for September 22, 2011

During yesterday’s trading the GBP/USD currency pair confirmed our concerns over possible resumption of dynamic downside movement. At the same time, this decline became avalanche after the release of the FOMC announcement, and the 5th wave in the estimated 3rd is probably prolonged. If so, targets of the whole downtrend initiated August 19 can be moved to the 53 figure level. 

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

 

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EUR/USD Rebound , September 23, 2011 (Daily Strategy)

The euro – United States dollar pair, there is a very high probability for the start of a corrective move upwards in the direction of price levels in the region of 1.3740.
A small recovery in the markets will enable the euro – United States dollar pair to move back the important resistance level in the region of 1.4000. This is will also be the test level for the pair with regard to its ability to continue onwards and begin a new upwards trend.


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

 

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GBP/USD Intraday Technical analysis 2011-09-23

The spot rate has bounced on the lower limit of its medium term bearish channel in 1.5320 and approach to the intermediate resistance of this one in 1.5470. A break of these levels would allow it to reach the upper limit of its channel to 1.5640.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5470 with a 1st objective of 1.5580, then 1.5640. A break in 1.5440 would invalidate this scenario.

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

 

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EUR/USD Intraday Technical analysis 2011-09-26

The spot rate is currently testing the intermediate support of its medium term bearish channel in 1.3390 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.3320.

According to previous events, the market indicates a bullish opportunity on the levels of 1.3390 with a 1st objective of 1.3490, then 1.3530. A break in 1.3360 would invalidate this scenario.

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

 

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GBP/USD wave analysis for September 26, 2011

Slow movement of the GBP/USD to the upside can be interpreted as the end of downside trend section within the 3rd wave, in the 5th. If so, after the end of this movement in favour of the British currency the price might make an attempt to test the 53 figure level again. At the same time it is quite possible that this testing will initiate the beginning of a continuous upside correction.

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

 

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EUR/USD Bullish Above 1.3560 , September 27, 2011

The pair euro-dollar managed to lose about 1000 points since the outbreak of the current crisis, four months ago. From a technical perspective, the pair currently operates above the 1.3560 weekly pivot. In the short term there are good chances the start of an upward corrective movement towards the 1.3800 price level. and even more to the 1.4150 resistance level.
This is also the test point for the pair in their ability to move forward and begin a new uptrend. Be alert to a close below 1.3500 would negate our pespectiva bullish about the pair.

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

 

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GBP/USD wave analysis for September 27, 2011

In general as expected, during yesterday’s trading the GBP/USD currency pair continued to develop its upside correction. Thus we can suppose that the price is forming the inner wave structure of the 4th wave of the whole downside trend initiated August 19. At the same time, because of the extreme prolongation in the 3rd wave the future 5th will probably become shortened by trying to test the 53 figure level.
Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2011

 

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EUR/USD candlestick analysis (long-term view) 2011-09-28

The EUR/USD currency pair is trading with a slight rise this week after it could not break the support level at 1.3427.
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. Its break will target the pair to 1.2869.
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

 

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GBP/USD Intraday Technical analysis 2011-09-28

The spot rate approaches to the lower limit of its medium-term bullish channel in 1.5600 suggesting a rebound. However a break of these levels would release a large potential of drop and initiate a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5600 with a 1st objective of 1.5700, then 1.5720. A break in 1.5570 would invalidate this scenario.

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

 

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EUR/USD Intraday Technical analysis 2011-09-29

The spot rates approach to the upper limit of its medium term bearish channel in 1.3690 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 1.3690 with a 1st objective of 1.3800, then 1.3840. A break in 1.3660 would invalidate this scenario.

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

 

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GBP/USD Intraday Technical analysis 2011-09-29

The spot rate approaches to the lower limit of its medium-term bullish channel in 1.5620 suggesting a rebound. However a break of these levels would release a large potential of drop and initiate a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5620 with a 1st objective of 1.5720, then 1.5750. A break in 1.5590 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 September 30th / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3561.
Strong Resistance : 1.3653.
Original Resistance : 1.3640.
Inner Sell Area : 1.3627.
Target Inner Area : 1.3595.
Inner Buy Area : 1.3563.
Original Support : 1.3550.
Strong Support : 1.3537.
Breakout SELL Level : 1.3529

Today EUR/USD has the support and resistance at 1.3550 and 1.3640 is accompanied by a strong support at 1.3537 and 1.3653 for they strong resistance; If today's EUR/USD can breakout and close below the 1.3529 level then this indicates considerable Bearish strength, while if the EUR/USD today can breakout and close above the 1.3561 level then this indicates considerable Bullish strength . Alternatively you can trade in a way to open BUY position at the level of 1.3563 and 1.3627 for SELL position in which case both targets are at the 1.3595 level.

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

 

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GBP/USD candlestick analysis for September 30, 2011

The GBP/USD currency pair is demonstrating consolidation after a sharp decline and further rebound. Earlier in a 4-hour graph the GBP/USD pair formed a Falling Three Methods combination that gives us a bearish signal.
This combination was formed amid a downside movement after the pair could not break the resistance level near 1.6600, which means that the bulls could not solidify here and the bears started to increase their influence. At the same time each rollback was considered as a pause before further decline.
Break of the support level 1.5565 will denote that this point of view is correct. In this case we should expect a downfall to the support level 1.5344. Its break will cause downside movement to 1.5290.
It is worth mentioning that stop loss should be placed slightly above the 1.5932 level as its break will allow the pair to reach 1.6200.

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

 

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Weekly Wave Analysis of EUR/USD 2011-10-03

The latest attempt of EUR/USD to renew the growth in favour of the euro ended with no success. In the result on Friday the price fell again below the level of the 34th figure. Thus, the appearing wave situation at the moment looks bias. This uncertainty is explained by that the 3rd wave of the downfalling part of the trend which had started on August 29-30, can take up a more complex structure. In that case after testing the levels 1.3350 – 1.3300, the price will start a dynamic upward rebound and the 3rd wave will get the form of a converging wedge, which in its turn will need confirmation of its inner wave marking.
At the same time, it is possible that the 5th wave of this trend will have a strongly prolonged form, developing in the direction of the first possible targets being below the mark of 1.2800.

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

 

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Weekly Wave Analysis of GBP/USD 2011-10-03

Despite a slow advance and following trade in the price range, GBP/USD still managed last week to test the rate of the 57th figure. So, the wave picture allows to assume that the low of September 22 is the finishing of a declining part of the trend which had started on August 19. If so, all this downfalling part can be seen as the 1st wave (or A) of a longterm lowering correction.
Meanwhile, till the start of a new period of quoting rates’ drop the 2nd wave (or B) should take up a more convincing view.

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

 

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EUR/USD Intraday Technical analysis 2011-10-04

The spot rate is currently testing the lower limit of its medium term bearish channel in 1.3150 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 1.3150 with a 1st objective of 1.3250, then 1.3280. A break in 1.3120 would invalidate this scenario.

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

 

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GBP/USD Intraday Technical analysis 2011-10-04

The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.5460 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.5540.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5460 with a 1st objective of 1.5540, then 1.5580. A break in 1.5440 would invalidate this scenario.

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

 

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EUR/USD Intraday Technical analysis 2011-10-05

The spot rate has rebounded on the lower limit of its medium-term bearish channel and approach to its intermediate resistance in 1.3350. A break of these levels would allow it to reach the upper limit of its channel to 1.3580.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3350 with a 1st objective of 1.3450, then 1.3480. A break in 1.3320 would invalidate this scenario.

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

 

[bhanu545]

GBP/USD Intraday Technical analysis 2011-10-05

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.5470 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 1.5470 with a 1st objective of 1.5580, then 1.5610. A break in 1.5440 would invalidate this scenario.

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

 

[bhanu545]

EUR/USD Intraday Technical analysis 2011-10-06

The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.3380 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.3550.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3380 with a 1st objective of 1.3480, then 1.3550. A break in 1.3350 would invalidate this scenario.

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