Technical analysis on EU,GU and majors

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EUR/USD Bullish Perspective, February 22, 2011 (Daily Strategy)

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EUR/USD

After a drop of 150 points around 1.3526 the pair has managed to rebound to the level of 1.3688, as in his fall he founds the first weekly support and fell to negotiate the same price the day of yesterday

due to the pair not managed to stay down, we mention that a return to weekly pivot at 1.3611 would be a good entry point in long, with a target around 1.3790

Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2011
 
The EUR/USD technical analysis and trading recommendations for February 23, 2011

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The euro is still observing a buy signal with target level 1.3764 and the signal strengthened again! The price suddenly reversed and fixated above the Kijun-sen and the Ichimoku Cloud. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.3795 – the first resistance level. If this level is passed the second target will be the second resistance level at 1.3898. Upside movement remains while the price is above the Kijun-sen (1.3625), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuation of the upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement, if the indicator reverses down it will denote the beginning of a correction.

Trading recommendations:
Currently it is recommended to trade up with target at 1.3795 and further to 1.3898. Stop Loss should be placed below 1.3625. If the MACD reverses down it is recommended to cut long positions manually.


Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD wave analysis for February 23, 2011

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The GBP/USD currency pair could not continue the upside movementin the range of the estimated 5th wave (in the 5th) and declined by 130 pips by the end of the day. At the same time, in the range of such downside section a five-wave structure has formed, which can be considered as the a wave (or the 1st) of the future more prolonged downtrend. If so, after a slight move to the upside the pound might continue declining in the directiom of the 59 figure levels.

Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD candlestick analysis for February 24, 2011

On a 4-hour graph the GBP/USD is rolling back after an unsuccessful attempt to test the resistance level near 1.6260-1.6280. Nevertheless, stop loss should be placed slightly above 1.6280 as breakthrough of this level will target the pair to 1.6457.
Earlier on a 4-hour graph the GBP/USD pair formed a candlestick combination Bearish Engulfing, which indicates downside movement, confirmed further.
This candlestick combination has formed after the pair failed to break the resistance level near 1.6280, which means that the bulls could not solidify here. Further the bears started to increase their influence.
Break of the Fibonacci correction level 23.6 will prove this viewpoint. In this case downside movement to 1.5800-1.5750, where Fibonacci correction level 50.0 is also located, should be expected.
Bearish divergence on the Stochastic Oscillator supports downside movement as well.
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Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2011
 
EUR/USD , Bearish Outlook, February 24, 2011

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The Euro – United States dollar pair, is around 1st weekly resistance, from there downward turn north, due to fears in financial markets and with the escalation in the Arab world increasing in the background, it is likely the correct time for entry into a sell deal on the pair.

The RSI indicator adds weight to the negative prediction on the pair, which is likely to move back down to the lower range of the shuffle. with an exit goal around the trend line of 1.3650 United States dollars for one Euro



Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD candlestick analysis for February 25, 2011

On a 4-hour graph the GBP/USD is rolling back after an unsuccessful attempt to test the resistance level near 1.6260-1.6280. Nevertheless, stop loss should be placed slightly above 1.6280 as breakthrough of this level will target the pair to 1.6457.
Earlier on a 4-hour graph the GBP/USD pair formed a candlestick combination Bearish Engulfing, which indicates downside movement, confirmed further.
This candlestick combination has formed after the pair failed to break the resistance level near 1.6280, which means that the bulls could not solidify here. Further the bears started to increase their influence.
Break of the Fibonacci correction level 23.6 will prove this viewpoint. In this case downside movement to 1.5800-1.5750, where Fibonacci correction level 50.0 is also located, should be expected.
Bearish divergence on the Stochastic Oscillator supports downside movement as well.
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Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2011
 
The EUR/USD technical analysis and trading recommendations for February 25, 2011

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The euro is still observing a buy signal with target level 1.3764, the target level is reached, there are no signs of correction, the MACD is still ascending. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.3898 – the second resistance level. If this level is passed the second target will be the third resistance level at 1.4082. Upside movement remains while the price is above the Kijun-sen (1.3685), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuation of the upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement, if the indicator reverses down it will denote the beginning of a correction.

Trading recommendations:
Currently it is recommended to trade up with target at 1.3898 and further to 1.4082. Stop Loss should be placed below 1.3685. If the MACD reverses down it is recommended to cut long positions manually.

Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2011
 
EUR/USD candlestick analysis for February 28, 2011

The EUR/USD currency pair is rolling back after it could not break the resistance level 1.3853. As mentioned before, stop loss should be placed slightly above 1.3853 as its breakthrough will lead to an advance to 1.4000.
Earlier on a 4-hour graph the EUR/USD has formed candlestick combination Falling Three Methods, indicating downside movement.
This candlestick combination shows that the currency pair had been demonstrating upside movement for several weeks. However, near the resistance level 1.3852 (3-month high) the bears started to increase their influence and a rebound took place.
Downside movement is supported by the MACD divergence and Evening Star and Bearish Engulfing candlestick combinations on the day graph.
Break of the support level 1.3538 proves this viewpoint. Now we should expect a downside movement to the support level 1.3227, where Fibonacci correction level 61.8 is also located.
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Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD. Weekly Pivot Points, For February 28 to March 04, 2011

__WEEKLY____
Weekly - R3 = 1.6484
Weekly - R2 = 1.6377
Weekly - R1 = 1.6246
Weekly Pivot = 1.6139
Weekly - S1 = 1.6008
Weekly - S2 = 1.5901
Weekly - S3 = 1.5770

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Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2011
 
EUR/USD wave analysis for March 1, 2011

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Yesterday the EUR/USD pair resumed upside movement, tested the 1.3850 level and rolled back to the 38 figure level afterwards. At the same time such attempt of growth has continued formation of inner wave structure of the estimated C wave. If so, the price fixating above the February 2 high (1.3865) might allow the euro to reach the closest possible target at 1.4050.

Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD Technical Correction, March 01, 2011 (Daily Strategy)

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GBP/USD

On the first day of March, the British pound - United States dollar pair. You have reached your maximum yearly 1.6327, according to our table pivots around our 1st monthly resistance and then correct the opening price today.


From our point of view the price could again return to 1.6327 or 1.6365 to get to touch, for which we will be vigilant to see what happens to enter into an agreement to sell at these levels, or if the price continues to go into sales correction below a daily closing around 1.6240, with a goal 1.6050.

Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD Intraday Technical analysis

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The spot rate has bounced off the lower limit of its short-term trading range at 1.6215 and approaches to the intermediate resistance of this one at 1.6255. A break of these levels would reach the upper limit of the trading range at 1.6330.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6255 with a 1st objective of 1.6330, then 1.6360. A break in 1.6230 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
EUR/USD candlestick analysis for March 2, 2011

The EUR/USD currency pair is rolling back after it could not break the resistance level 1.3853. As mentioned before, stop loss should be placed slightly above 1.3853 as its breakthrough will lead to an advance to 1.4000.
Earlier on a 4-hour graph the EUR/USD has formed candlestick combination Falling Three Methods, indicating downside movement.
This candlestick combination shows that the currency pair had been demonstrating upside movement for several weeks. However, near the resistance level 1.3852 (3-month high) the bears started to increase their influence and a rebound took place.
Downside movement is supported by the MACD divergence and Evening Star and Bearish Engulfing candlestick combinations on the day graph.
Break of the support level 1.3538 proves this viewpoint. Now we should expect a downside movement to the support level 1.3227, where Fibonacci correction level 61.8 is also located.
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Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2011
 
The EUR/USD technical analysis and trading recommendations for March 3, 2011

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The euro is still observing a buy signal with target level 1.3764, the target level is reached, the correction has ended and the price has fixated above the Kijun-sen again. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.3888 – the first resistance level. If this level is passed the second target will be the second resistance level at 1.4020. Upside movement remains while the price is above the Kijun-sen (1.3800), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is 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, which indicates current upside movement, if it reverses down it is recommended to cut long positions.

Trading recommendations:
Currently it is recommended to trade up with target at 1.3888 and further to 1.4020. Stop Loss should be placed below 1.3800. If the MACD reverses down it is recommended to cut long positions.

Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD Bearish Outlook , March 03, 2011 (Daily Strategy)

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GBP/USD

Today, the important levels for British pound - United States dollar pair are 1.6365 ( (1st resistance) 1.6345 (fractal) , 1.6331 (fractal) 1.6296 (daily pivot).
An impulsive descendant movement can take place after the breakout of 1.6240

Now, the pair's downwards potential is stronger than ever, we predict a downwards movement towards the first, support monthly level around 1.6050.


Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD Intraday Technical analysis 2011-03-04

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The spot rate is testing the intermediate support of its medium-term bullish channel at 1.6260 and seems to start a rebound. However a break of these levels would entail a return to the lower limit of its channel at 1.6230.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6230 with a 1st objective of 1.6310, then 1.6340. A break in 1.6210 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
The EUR/USD technical analysis and trading recommendations for March 4, 2011

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The euro is still observing a buy signal with target level 1.3764, the target level is reached, the correction has ended and the price has fixated above the Kijun-sen again. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.4020 – the second resistance level. If this level is passed the second target will be the third resistance level at 1.4202. Upside movement remains while the price is above the Kijun-sen (1.3850), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is 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, which indicates current upside movement, if it reverses down it is recommended to cut long positions.

Trading recommendations:
Currently it is recommended to trade up with target at 1.4020 and further to 1.4202. Stop Loss should be placed below 1.3850. If the MACD reverses down it is recommended to cut long positions.

Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2011
 
GBP/USD Intraday Technical analysis 2011-03-07

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The spot rate approaches the lower limit of its medium-term bullish channel at 1.6240 suggesting a rebound in the short term. However a break of these levels would initiate a downward trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6240 with a 1st objective of 1.6300, then 1.6330. A break in 1.6220 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
 
EUR/USD wave analysis for March 7, 2011

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After a dynamic advance on Thursday the EUR/USD currency pair took a pause and was trading in a quite narrow range slightly below the 40 figure level. At the same time, we can suppose at a stretch that the Friday’s high completed the formation of the 3rd wave in the 3rd (in the C). If so, then after a decline in the range of the future 4th wave the price might resume the growth in the direction of the 1.4100 level, thus completing the 3rd wave in the estimated C.

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