Technical analysis on EU,GU and majors

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The GBP/USD wave analysis for December 22, 2010.

The GBP/USD pair resumed the downside movement of the pound and passed the last Friday’s low, indicating the intention to extend the downward section initiated December 14. In the meantime, if this pair continues to decline, yesterday’s high will be interpreted as the 2nd wave of the future C. If so, yesterday’s ease has probably indicated the beginning of the 3rd wave in this C.

Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2010

 

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EUR/USD Intraday Technical analysis 2010-12-23

The spot rates approach the upper limit of its medium-term downtrend channel to 1.3170 suggesting a decline in the short term. However a breakout of these levels would initiate an upward trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3170 with a 1st objective of 1.3260, then 1.3280. A break in 1.3140 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2010

 

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GBP/USD Intraday Technical analysis 2010-12-23

The spot rate approach to resistance through its medium-term downtrend channel to 1.5450. A break of this zone would allow it to reach the upper limit of this channel to 1.5500.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5450 with a 1st objective of 1.5500, then 1.5530. A break in 1.5420 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2010

 

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GBP/USD Intraday Technical analysis 2010-12-24

The spot rate is currently testing the upper limit of its medium-term downtrend channel 1.5480 suggesting a decline in the short term. However a break of these levels it would free up significant potential and begin an upward trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5480 with a 1st objective of 1.5560, then 1.5580. A break in 1.5450 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2010

 

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EUR/USD. We Expect a Break In The Trend Line December 24, 2010 (Daily Strategy)

EUR/USD

The Euro – United States dollar pair remains in the low levels around 1.3100, having difficulties breaching the strong support level there. Its difficulty closing the trading day under this level raises the likelihood for the beginning of a new wave of upwards movement, which is likely to be moderate due to the economic problems that have been afflicting the Eurozone recently. We will point out the positive deviation on the MACD indicator, which supports the bullish prediction on the pair.
Therefore, it is possible to enter a buy deal on the pair, should it breach the minor trend line that had led price movements in the last few days. It is important to pay attention to the trigger and resistance level at 1.3230, since its breach will aid the pair in continuing the movement north, towards our final goal around 1.3360 United States dollars for one

Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

The GBP/USD wave analysis for December 27, 2010

Moving in a very narrow price corridor the GBP/USD has closed near the upper line of the local downtrend that has been developing since December 15. Thus, the pair has probably continued the formation of inner wave structure of the 2nd in the 3rd (future C). The option of pound further downside movement could be preemptive if it was not for the MACD divergence that give advantage to the British currency in the medium term.

Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

The EUR/USD wave analysis for December 27, 2010

On the edge of the holidays the EUR/USD has been almost flat and the price has been moving along the line near the level of the 31 figure. At the same time the euro is most likely to be in the limits of the 2nd wave in the 3rd (5th), that has been forming in the new section of the downtrend developing after December 14th. However, it is quite difficult to estimate further market behavior. Although, the dollar has certain advantage in the current situation.

Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

GBP/USD Intraday Technical analysis 2010-12-28

Since yesterday the spot rate has been testing the upper limit of its medium-term bullish channel at 1.5490 and seems to be starting to decline. A break of these levels would free up significant potential and begin a more violent upward trend .

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance at 1.5490 with a 1st objective of 1.5560, then 1.5580. A break of 1.5460 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2010

 

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EUR/USD. Weekly and Monthly Pivot Points, December 28, 2010

_____WEEKLY_______

Weekly - R3 = 1.3340

Weekly - R2 = 1.3270

Weekly - R1 = 1.3193

Weekly Pivot = 1.3123

Weekly - S1 = 1.3046

Weekly - S2 = 1.2976

Weekly - S3 = 1.2899

_____MONTHLY______

Monthly - R3 = 1.5167

Monthly - R2 = 1.4724

Monthly - R1 = 1.3854

Monthly Pivot = 1.3411

Monthly - S1 = 1.2541

Monthly - S2 = 1.2098

Monthly - S3 = 1.1228

Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

GBP/USD candlestick analysis for December 29, 2010

On a 4-hour graph the GBP/USD is still in downtrend. Earlier the pair dropped sharply after it failed to break out the resistance level of 1.5900.
As mentioned before, on a 4-hour graph the GBP/USD formed the combination of candlesticks Bearish Engulfing which indicates the decline, confirmed further.
This combination of candlesticks developed after the currency pair could not break through the resistance level near 1.6085-1.6096, which means that the bulls did not solidify here. Further the bears started increasing their influence.
A breakthrough of 1.5841 means that this point of view is correct.
Nevertheless, if the resistance level at 1.5650 is broken, it is recommended to close short positions as it will lead to an increase to 1.5900.

Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010

 

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The EUR/USD technical analysis and trading recommendations for December 29, 2010

Overview:
Euro has been demonstrating uncertain holiday movement, thus it is recommended to refrain from trading. The sell signal has been cancelled, instead a new buy signal with target level 1.3397 has been formed. The formed signal already became stronger and weakened back. In general the Ishimoku and the Bollinger Bands are indicating that highly volatile sideways movement has begun, which is extremely dangerous for trading. The Chinkou Span fixed above the price graph, which confirms the current buy signal and shows bullish sentiment. The Bollinger bands show sideways movement, the lines are not diverging and directed sideways. The MACD is descending, thus pointing to the current downside movement.

Trading recommendations:
Currently it is not recommended to trade until the pair stabilizes or until the beginning of trend movement, which is to be indicated by the Bollinger Bands.

Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2010

 

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EUR/USD Intraday Technical analysis 2010-12-31

The spot rate broke yesterday its intermediate resistance to 1.3240 leading to an acceleration. It now approaching the upper limit of its downtrend channel at 1.3360. A break of this area would free a significant potential and begin an upward trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3360 with a 1st objective of 1.3440, then 1.3470. A break in 1.3330 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

GBP/USD candlestick analysis for December 31, 2010

On a 4-hour graph the GBP/USD has bounced off of the upper limit of the downtrend. The viewpoint on the pair is still bearish. Earlier the pair dropped sharply after it failed to break out the resistance level of 1.5900. Nevertheless, if the 1.5650 level is broken it will be recommended to close short positions since this will lead to advance to 1.5900.
As mentioned before, on a 4-hour graph the GBP/USD formed the combination of candlesticks Bearish Engulfing which indicates the decline, confirmed further.
This combination of candlesticks developed after the currency pair could not break through the resistance level near 1.6085-1.6096, which means that the bulls did not solidify here. Further the bears started increasing their influence.
A breakthrough of 1.5841 means that this point of view is correct.

Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

The EUR/USD technical analysis and trading recommendations for January 3, 2011

Overview:
Euro has been demonstrating upwards movement. The buy signal is strong and confirmed since the Chinkou Span fixed above the price graph and the price managed to fixate above the Ishimoku cloud. Thus, the first target for the upside movement is 1.3397 – the target level. If this level is passed the next target will be the resistance level at 1.3600. The upside movement continues while the price is above the Kijun-Sen(1.3165), if the price manages to fixate below this line it is recommended to cut long positions. The Chinkou Span fixed above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuing upside movement, the lines are diverging and directed up. The MACD is ascending, thus pointing to the current upside movement.
Trading recommendations:
Currently it is recommended to trade up with the target to 1.3397; in case this level is passed the target will be 1.3600. Stop Loss should be placed below 1.3248. In case the MACD reverses down long positions should be cut manually.

Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

GBP/USD Continuing Upward Trend January 03, 2011 (Daily Strategy)

GBP/USD

From a technical standpoint, the GBP/USD pair is expected to continue moving north at least up to the 1.5850 resistance level. The stop loss order may be placed slightly under the last low and 200-day moving average around 1.5330 United States dollars for one British pound. We will note here the impressive positive deviation on the MACD indicator, supporting the bullish prediction for the pair.


Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

GBP/USD candlestick analysis for January 4, 2011

On a 4-hour graph the GBP/USD has failed to break through the resistance level at 1.5650 to rebound further. The viewpoint on the pair is still bearish.
Earlier the pair dropped sharply after it failed to break the resistance level of 1.5900. Nevertheless, if the GBP/USD manages to close above the 1.5650 level, it will be recommended to close short positions since this will lead to advance to 1.5900.
As mentioned before, on a 4-hour graph the GBP/USD formed the combination of candlesticks Bearish Engulfing which indicates the decline, confirmed further.
This combination of candlesticks developed after the currency pair could not break through the resistance level near 1.6085-1.6096, which means that the bulls did not solidify here. Further the bears started increasing their influence.
A breakthrough of 1.5841 means that this point of view is correct.

Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

The EUR/USD technical analysis and trading recommendations for January 4, 2011

Overview:
Euro has been demonstrating upwards movement. The buy signal is strong and confirmed since the Chinkou Span fixed above the price graph and the price managed to fixate above the Ishimoku cloud. Thus, the first target for the upside movement is 1.3502 – the first resistance level. If this level is passed the next target will be the second resistance level at 1.3639. The upside movement continues while the price is above the Kijun-Sen(1.3255), if the price manages to fixate below this line it is recommended to cut long positions. The Chinkou Span fixed above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuing upside movement, the lines are narrowing and directed up, thus pointing to the correction against the current upside movement. The MACD is ascending, indicating the current correction movement.


Trading recommendations:
Currently it is recommended to trade up with the target to 1.3502; in case this level is passed the target will be 1.3639. Stop Loss should be placed below 1.3255. Long positions should be opened only in case the MACD reverses up.


Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

GBP/USD Intraday Technical analysis 2011-01-05

The spot rate approaches the support through its medium-term downtrend channel at 1.5490 suggesting a rebound in this area. However a break of these levels would result in an acceleration toward the lower limit of its channel at 1.5300.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5490 with a 1st objective of 1.5580, then 1.5640. A break in 1.5460 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

EUR/USD Technical Analysis. Support And Resistance Levels For January 05th/2011.

TODAY TECHNICAL LEVEL :

Breakout Buy level : 1.3362.
Strong Resistance : 1.3354.
Original Resistance : 1.3341.
Inner Sell Area : 1.3328.
Target Inner Area : 1.3297.
Inner Buy Area : 1.3266.
Original Support : 1.3253.
Strong Support : 1.3240.
Breakout Sell level : 1.3232.
TODAY OUTLOOK :

Today in the early morning the EUR/USD was trading in a ranging situation between 1.3300 and 1.3325, but suddenly after the Asian Market opening this pair broke out and closed below 1.3300 to hit its first target at 1.3275. Now this pair will try to break out and close below the 1.3275 level to reach its secondary target at 1.3250. If this pair fails to break the 1.3275 level it will probably re-test the 1.3300 level.
TODAY SUGGESTION :

BUY if this pair can break out and close above 1.3325; set for the first TakeProfit at 1.3350 and the second one at 1.3375.

SELL if this pair can break out the 1.3300 level; set the first target at 1.3275 and the second target at 1.3250.

Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

EUR/USD Technical Analysis. Support And Resistance Levels For January 06th/2011.

TODAY TECHNICAL LEVEL :

Breakout Buy level : 1.3208.
Strong Resistance : 1.3201.
Original Resistance : 1.3188.
Inner Sell Area : 1.3175.
Target Inner Area : 1.3143.
Inner Buy Area : 1.3112.
Original Support : 1.3100.
Strong Support : 1.3087.
Breakout Sell level : 1.3079.
TODAY OUTLOOK :

After strong Bearish movement yesterday, the EUR/USD is now in a ranging situation between the 1.3125 and the 1.3175 levels. If the EUR/USD can break out and close below the 1.3125 level it will denote that this pair will try to go down to 1.3100 as a first target and 1.3075 as a second target; on the other hand, if this pair can break out and close above the 1.3175 level, it will cause this pair to reach the 1.3200 level as a first target and 1.3225 as asecond target.
TODAY SUGGESTION :

BUY at 1.3204; set Take profit between 10 pips and 15 pips.

SELL at 1.3101; set Take profit between 10 pips and 15 pips.


Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2010