Technical analysis on EU,GU and majors

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EUR/USD Intraday Technical analysis 2011-10-20

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The spot rate is currently testing the intermediate resistance of its medium-term bullish channel in 1.3880 suggesting a decline. However a break of these levels allow it to reach the upper limit of its channel to 1.4070.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3880 with a 1st objective of 1.3980, then 1.4020. A break in 1.3850 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
EUR/USD Intraday Technical analysis 2011-10-21

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The spot rate approaches to the upper limit of its medium-term bearish channel in 1.3860 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 1.3860 with a 1st objective of 1.3960, then 1.3980. A break in 1.3830 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD Intraday Technical analysis 2011-10-21

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The spot rate approaches to the upper limit of its medium term bullish channel in 1.5860 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 1.5860 with a 1st objective of 1.5960, then 1.5980. A break in 1.5830 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
EUR/USD Intraday Technical analysis 2011-10-24

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The spot rate approaches to the upper limit of its medium term bullish channel in 1.3910 suggesting a decline. However a break of these levels would free up significant potential and 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 1.3910 with a 1st objective of 1.4010, then 1.4050. A break in 1.3880 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD Intraday Technical analysis 2011-10-24

gbpusd.png

The spot rate approaches to the upper limit of its medium term bullish channel in 1.5980 suggesting a decline. However a break of these levels would free up significant potential and 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 1.5980 with a 1st objective of 1.6080, then 1.6100. 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 2011-10-25

eurusd.png

The spot rate approaches to the upper limit of its medium term bullish channel in 1.3980 suggesting a decline. However a break of these levels would free up significant potential and 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 1.3980 with a 1st objective of 1.4080, then 1.4100. A break in 1.3950 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD wave analysis for October 25, 2011

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Following a rather sluggish Asian session, yesterday in the afternoon GBP/USD pair attempted to resume its upside movement, having consolidated near the 60th figure by the end of the trading session. Thus, the pound is most likely to be continuing shaping an internal wave structure of the future wave (from the third one). If this is the case, proceeding from the correlation between the waves a and c with the upside part of the trend starting October 6, the target level for wave c (from the third one) is near the 16200 level. Yet despite the fact that the stochastic has already entered the overbought zone, the price may well hit the specified values.
General conclusions and trading recommendations:
Proceeding from the picture, the currency pair may well grow. The 3rd wave is most likely to get prolonged. Proceeding from the fact that 3 in c (of the third senior one) has not yet finished, it is recommended to keep on trading moving towards the target of approximately 1.6210. 1.5989 and 1.6073 Fibonacci correction levels (61,8% and 76,4%) are intermediary targets. Once the price is moving to the 1.62 level, it is recommended to clarify the wave marking to get a more detailed vision of the situation and more precise trading aims regarding this currency pair.


Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2011
 
EUR/USD Intraday Technical Level For October 26th / 2011

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TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3965.
Strong Resistance : 1.3957.
Original Resistance : 1.3944.
Inner Sell Area : 1.3931.
Target Inner Area : 1.3898.
Inner Buy Area : 1.3865.
Original Support : 1.3852.
Strong Support : 1.3839.
Breakout SELL Level : 1.3831.

DESCRIPTION :

Today EUR/USD has the support and resistance at 1.3852 and 1.3944 is accompanied by a strong support at 1.3839 and 1.3957 for the strong resistance; If today's EUR/USD can breakout and close below the 1.3831 level then this indicates considerable Bearish strength, while if the EUR/USD today can breakout and close above the 1.3965 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3865 and 1.3931 for SELL position in which both the target at the 1.3898 level.

Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2011
 
AUD/USD Elliott wave count and Fibonacci levels for October 26, 2011

AUD/USD is developing wave A of medium term uptrend (colored light green in the chart). Within this wave there are A, B and C subwaves (colored royal blue in the chart), and subwave C is developing from 1.0117. Within the latter wave C there are 4 subwaves (colored red in the chart) with subwave 4 still developing from 1.0500. The targets above the current price are Fibonacci expansions off 0.9387-1.0371-1.0117, 1.0117-1.0353-1.0146.

Resistances:

- 1.0528 = expanded objective point (XOP)
- 1.0725 = contracted objective point (COP)
- 1.0764 = super expanded objective point (SXOP)

If the price reverses to the downside the immediate supports will be Fibonacci retracements of 1.0146-1.0500, and expansions off 1.0500-1.0396-1.0481.

Supports:

- 1.0323 = .50 ret
- 1.0313 = XOP
- 1.0281 = .618 ret
- 1.0209 = SXOP
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Overbought/Oversold

Assuming that the larger wave is now moving up it's preferable to try long positions when the Detrended Oscillator goes below the zero level (5-10 pips below the current prices) or gets into the oversold area (20-30 pips below the current prices).

Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
 
EUR/USD Intraday Technical analysis 2011-10-27

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The spot rate is currently testing the upper limit of its medium term bullish channel in 1.4000 suggesting a decline. However a break of these levels would free up significant potential and 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 1.4000 with a 1st objective of 1.4100, then 1.4120. A break in 1.3970 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD Intraday Technical analysis 2011-10-27

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The spot rate is currently testing the upper limit of its medium-term bearish channel in 1.6040 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 1.6040 with a 1st objective of 1.6140, then 1.6180. A break in 1.6010 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
EUR/USD Intraday Technical analysis 2011-10-28

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The spot rate broke the intermediate resistance of its medium term bullish channel in 1.4100 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 1.4100 with a 1st objective of 1.4200, then 1.4230. A break in 1.4070 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD Intraday Technical analysis 2011-10-28

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The spot rate broke yesterday the upper limit of its medium term bullish channel in 1.6070 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 1.6070 with a 1st objective of 1.6190, then 1.6220. A break in 1.6040 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
EUR/USD Intraday Technical analysis 2011-10-31

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The spot rate approaches to the lower limit of its medium term bullish channel in 1.3920 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 1.3920 with a 1st objective of 1.4020, then 1.4050. A break in 1.3890 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD Intraday Technical analysis 2011-10-31

gbpusd.png

The spot rate is currently testing the intermediate support of its medium-term bullish channel in 1.5940 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.5830.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5940 with a 1st objective of 1.6040, then 1.6060. A break in 1.5910 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
EUR/USD Intraday Technical analysis 2011-11-02

eurusd.png

The spot rate is currently testing the intermediate resistance of its medium-term bullish channel in 1.3740 suggesting a decline. However a break of these levels allow it to reach the upper limit of its channel to 1.3790.

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 1.3790, then 1.3840. A break in 1.3720 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD Intraday Technical analysis 2011-11-02

gbpusd.png

The spot rate is currently testing the intermediate resistance of its medium-term bullish channel in 1.6020 suggesting a decline. However a break of these levels allow it to reach the upper limit of its channel to 1.6210.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6020 with a 1st objective of 1.6110, then 1.6140. A break in 1.5990 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
EUR/USD Intraday Technical analysis 2011-11-03

eurusd.png

The spot rate approaches 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 1.3790, then 1.3840. A break in 1.3720 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD Intraday Technical analysis 2011-11-03

gbpusd.png

The spot rate approaches to the upper limit of its medium-term bearish channel in 1.5920 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 1.5920 with a 1st objective of 1.5980, then 1.6020. A break in 1.5900 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
EUR/USD wave analysis for November 4, 2011

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Wave line pattern analysis:
The ECB decision on its rate and G20 summit contributed to uncertainty of the current wave situation for EUR/USD, though on the whole, a rising correction is developing (in relation to a falling zone shaped October 27 – November 1) as it was expected. Within the framework of the correction the price has already finished a series of abc waves within the limits of a b alleged wave. If this is the case, then the euro may test 36 figure level from its yesterday highs (approximately 1.3930). At the same time it is worth mentioning that the position of indicators allows resuming falling trend and further growth of quotes to the October high.
General conclusions and trading recommendations:
Proceeding from the wave line pattern, the situation is unfolding in compliance with the scenario. The rising correction is continuing; it is not recommended to trade it off. Abc waves formed within b wave can suggest that correction is over, that is why from the current rates we can see the declining trend part resuming. So, if this point of view is true, then as soon as the downward trend resumes bearish trading targeted to 1.3482 would be recommended (23.6% Fibonacci). The Stochastic Oscillator position does not support either variant, yet does not deny any as well.

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