Technical analysis on EU,GU and majors

[bhanu545]

Intraday technical levels and trading recommendations on GBP/USD for July 2, 2014

Bullish fixation above 1.7000 enhances the bullish channel scenario, thus enabling the bulls to reach 1.7100 and probably 1.7160 before bearish correction takes place.
The current price zone between 1.7140 - 1.7160 should be watched for bearish price action indicating reversal.
It should constitute a significant SUPPLY zone as it corresponds to the upper limit of the depicted channel.
A short position can be triggered at the current levels with stop loss located above 1.7200.
Bearish targets should be located at 1.7055 and 1.7000.

Performed by Michael Becker, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Technical analysis of EUR/USD for July 03, 2014

Today's technical levels:
Breakout BUY Level: 1.3721.
Strong Resistance:1.3712.
Original Resistance: 1.3699.
Inner Sell Area: 1.3686.
Target Inner Area: 1.3653.
Inner Buy Area: 1.3620.
Original Support: 1.3607.
Strong Support: 1.3594.
Breakout SELL Level: 1.3585.
Description:
Today EUR/USD has support and resistance at 1.3607 and 1.3699. The rate is accompanied by strong support at 1.3594 and by 1.3712 as strong resistance. If EUR/USD breaks out and closes below the 1.3585 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3721 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3620 and at 1.3686, a SELL position. In this case both targets should be placed at the level of 1.3653.

Performed by Arief Makmur, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Daily analysis of GBP/USD for July 03, 2014

H1 chart: This pair has made a breakout at the level of 1.7150 and now, the GBP/USD is consolidating above that level with the formation of a bullish pattern. If GBP/USD manages to make a breakout on the resistance level of 1.7200, it's expected to rise to the level of 1.7250. The MACD indicator is in negative territory.

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.7200, take profit is at 1.7250, and stop loss is at 1.7150.

Performed by Felipe Erazo, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Technical analysis of EUR/USD for July 4, 2014

Intraday trading recommendations:
The EUR/USD pair in the short term. According to the previous events, the price has still moved between 1.3575 and 1.3600. The level of 1.3624 will indicate strong resistance, and minor resistance has set at 1.3597. Moreover, the price will form a new strong spot at this level. Also, it should be noted that the price of 1.3624 is coinciding with the weekly pivot point in H1 chart. Therefore, it will be of prudence to sell at 1.3624 or 1.3597 in the short term with the first target at 1.3585, then it will continue towards 1.3565 in order to test the weekly support 1. On the other hand, the level of 1.3565 will indicate strong support. Additionally, this price will form a double bottom at 1.3562 (on July 4, 2014). For that reason, it will be very profitable to buy at 1.3562 with the first target at 1.3600, then continue towards 1.3625. And the stop loss should be placed below 1.3560 at the level of 1.3533. Please check out the market volatility before investing, because the price may have already been reached and scenarios might have become invalidated.

Performed by Mourad El Keddani, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

GBP/USD intraday technical levels and trading recommendations for July 4, 2014

Overview: The resistance of the GBP/USD pair has been already set at the level of 1.7166 as well as the support has been set at 1.7110. So,depending on the previous proceedings, the price is going to move between the level of 1.7110 and 1.7166, then it should be noted that the range will be around 56 pips today. Consequently, the trend in the H1 time frame is calling for a bearish market at the level of 1.7166 because this level is representing the last wave of the GBP/USD pair on July 4, 2014. Hence, below the price of 1.7166 look for further downside move with targets at 1.7135, thereafter the price will continue towards 1.7110 or lower. On the contrary, buy above 1.71 in the short term of the same day with the first target at 1.7165; if the trend will be able to break this strong resistance at 1.7166, it might resume to 1.7185 in order to form a new top this week. Intraday technical levels:
Date: 4/07/2014
Pair: GBP/USD
R3: 1.7198
R2: 1.7188
R1: 1.7162
PP: 1.7152
S1: 1.7126
S2: 1.7116
S3: 1.7090

Performed by Mourad El Keddani, Analytical expert
InstaForex Group © 2007-2014

 

[FXMaNY]

 

[bhanu545]

Weekly technical levels of EUR/USD for July 7-11, 2014

Overview: The EUR/USD pair has opened above the weekly support one at the level of 1.3593. So, the strong support will set at the spot of 1.3550 today. Also, you have to consider the price of 1.3667 which represents a strong resistance on July 7, 2014. Consequently, we expect a range about 60 pips in coming hours. Therefore, the market will probably indicate a bullish opportunity at the level of 1.3563 and the weekly pivot point will act as minor resistance around the area of 1.3626. Thus, according to the previous events, the price is going to move between the price of 1.3560 and the 1.3625 level. Thenceforward, the area above 1.3626 (above the weekly pivot point) looks for further upside with the first target at the 1.3645 level and continue towards 1.3667 in order to form to test the weekly resistance 1 tomorrow. However, stop loss should be placed below the price of 1.3540.

Performed by Mourad El Keddani, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Weekly technical levels of GBP/USD for July 7-11, 2014

Trading recommendations: According to the previous events, the GBP/USD pair has still been moving between 1.7179 and 1.7103. It should be noted that the key price is set at the level of 1.7116 (the weekly pivot point for July 7-11, 2014). Equally important, the double top will be formed at the 1.7179 level. As it is known, history will probably repeat itself at this level again. Therefore, it will a good sign to sell below 1.7179 with the first target of 1.7115. It will call for downtrend in order to continue its bearish movement towards 1.7060. On the other hand, the stop loss should never exceed your maximum exposure amounts, consequently the stop loss should be placed above 1.7190 at the price of 1.7225.

Performed by Mourad El Keddani, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Technical analysis of EUR/USD for July 08, 2014

TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.3672.
Strong Resistance:1.3664.
Original Resistance: 1.3651.
Inner Sell Area: 1.3638.
Target Inner Area: 1.3606.
Inner Buy Area: 1.3574.
Original Support: 1.3561.
Strong Support: 1.3548.
Breakout SELL Level: 1.3540.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.3561 and 1.3651. The rate is accompanied by strong support at 1.3548 and by 1.3664 as strong resistance. If EUR/USD breaks out and closes below the 1.3540 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3672 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3574 and at 1.3638, a SELL position. In this case both targets should be placed at the level of 1.3606.

Performed by Arief Makmur, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Daily analysis of GBP/USD for July 08, 2014

H1 chart: The GBP/USD has made a breakout at the level of 1.7150. Now, this pair is finding support in the vicinity of the point of control. If the pair manages to make a breakout at the support level of 1.7100, it's expected to fall to the level of 1.7050, which is below the 200 SMA. MACD indicator is in the positive territory.

Trading recommendations for today:
Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.7150, take profit is at 1.7200, and stop loss is at 1.7100.

Performed by Felipe Erazo, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Technical analysis of EUR/USD for July 9, 2014

Trading recommendations: According to the previous events, the price of the EUR/USD pair is still between the levels of 1.3585 and 1.3625. Moreover, it should be noted that the market was quite stable and the downward trend was also obvious. Futhermore, likewise, the range was around 130 pips last week. Additionally, the value of 38.2% Fibonacci retracement levels is 1.3629 for that the key level of 1.3626, is available for a downtrend to confirm the bearsh market. Therefore, sell deals are recommended below the 1.3626 level with targets at 1.3585 (the double bottom) as it will resume towards 1.3552 in order to test weekly support 1. It should be noted the descending movement will probably be lower than 1.3511 level (it will form a new double bottom).

Please check out the market volatility before investing, because the sight price may have already been reached and the scenarios would become invalidate.

Performed by Mourad El Keddani, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Intraday technical levels and trading recommendations on GBP/USD for July 9, 2014

Bullish fixation above 1.7000 enhanced the bullish channel scenario, thus enabling the bulls to reach 1.7100 and 1.7160 shortly after.
The current price zone between 1.7140 - 1.7160 should be watched for early reversal of bearish price action.
A reversal of a double-top pattern is probably being expressed now. It should constitute a significant SUPPLY zone as it corresponds to the upper limit of the depicted channel and it has been providing resistance so far.
As expected, a short position could have been triggered on Tuesday with stop loss located above 1.7200. Bearish targets should be located at 1.7055 and 1.7000 where the lower limit of the ongoing channel is located.

Performed by Michael Becker, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Technical analysis of EUR/USD for July 10, 2014

TODAY's TECHNICAL LEVELS:
Breakout BUY level: 1.3709.
Strong resistance:1.3701.
Original resistance: 1.3688.
Inner sell area: 1.3675.
Target inner area: 1.3543.
Inner Buy Area: 1.3611.
Original support: 1.3598.
Strong support: 1.3585.
Breakout SELL level: 1.3577.
DESCRIPTION:
Today, EUR/USD has support and resistance at 1.3598 and 1.3688. The rate is accompanied by strong support at 1.3585 and by 1.3701 as strong resistance. If EUR/USD breaks out and closes below the 1.3577 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3709 level, then it will denote high bullish strength. Alternatively, for advanced traders, you can trade in a way to open a BUY position at the level of 1.3611 and at 1.3675, a SELL position. In this case both targets should be placed at the level of 1.3543.

Performed by Arief Makmur, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Technical analysis of GBP/USD for July 10, 2014

Overview: The trend of the GBP/USD pair was not stable because the trend has been moving between 1.7150 and 1.7095 since the 1st of July, 2014. Accordingly, it is wise to be careful in this area (1.7150 - 1.7095). So, the first step is waiting at this spot before investing. As a result, the GBP/USD pair might start showing the signs of the bullish market at the level of 1.7054 which represents the weekly support 1. In other words, it will be a good sign to buy above the price of 1.7054 with the first target of 1.7116 in order to test the weekly pivot point. It will call for uptrend to continue its bullish movement towards 1.7179 for forming the double top in H1 chart. However, the pair could not break 1.7179 (the double top). Consequently, the market will indicate a bearish opportunity at the spot of 1.7180. Thus, the level of 1.7180 will act as strong resistance today. For that, it is providing a clear signal for sell deals with the target seen at 1.7110. On the other hand, the stop loss should be placed above 1.7075.

Intraday technical levels:
Date and time:10/07/2014 13:49
Pair:GBP/USD
R3: 1.7246
R2: 1.7203
R1: 1.7179
PP: 1.7136
S1: 1.7112
S2: 1.7069
S3: 1.7045

Performed by Mourad El Keddani, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Technical analysis of EUR/USD for July 11, 2014

Trading recommendations: Depending on the previous events, the price of the EUR/USD pair will be moved between the levels of 1.3585 and 1.3630.
Buy above the price 1.3585 (100% of Fibonacci retracement levels) with the first target at 1.3629 in order to test the weekly pivot point, it might resume to 1.3667.
Below 1.3675 (78.6% of Fibonacci retracement levels), look for further downside with the 1.3630 and 1.3580 targets.
Tools of chart:
Pair: EUR/USD.
The trend was not so clear (sideways).
The resistance will be set at the price of 1.3667 and the support stood at the 1.3585 price.
We expect a range of 82 pips.
At the level of 1.3585, a double bottom will be formed.
The 1.3626 level is representing the weekly pivot point.
The value of 50% Fibonacci retracement levels is: (High + Low) / 2 = 1.3642. (The key level to confirm the bullish market).
Volatility is 122.84, so the market has called for a high volatility.

Performed by Mourad El Keddani, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Technical analysis of GBP/USD for July 11, 2014

Overview: The GBP/USD pair was not stable and the trend was not also so clear as well (it was tight sideway range). Moreover, according to the previous events, the price is going to move between the level of 1.7100 and 1.7180. So, we should be careful in this area. Therefore, wait for a period of tight sideways range market before breakouts. Then, the market is likely to start showing the signs of the bullish market from the support level of 1.7115. In other words, it will be a good sign to buy above 1.7115 with the first target of 1.7179 for testing the double top. It will climb towards 1.7225. However, if the pair does not break 1.7230, the market will indicate a bearish opportunity below resistance. Also, it should be noted that the resistance will be set at the level of 1.6473. Probably, the market will call for the downtrend from the level of 1.7230 (the maximum price on July 11, 2014) in order to continue the bearish move towards 1.7116 (the weekly pivot point).

Performed by Mourad El Keddani, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Technical analysis of EUR/USD for July 14, 2014

TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.3668.
Strong Resistance:1.3660.
Original Resistance: 1.3647.
Inner Sell Area: 1.3634.
Target Inner Area: 1.3602.
Inner Buy Area: 1.3570.
Original Support: 1.3557.
Strong Support: 1.3544.
Breakout SELL Level: 1.3536.
DESCRIPTION:
Today, EUR/USD has support at 1.3557 and resistance at 1.3647. The rate is accompanied by strong support at 1.3544 and by 1.3660 as strong resistance.
If EUR/USD breaks out and closes below the 1.3536 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3668 level, it will mean high bullish strength. Alternatively, for advanced traders, you can trade in a way to open a BUY position at the level of 1.3570 and at 1.3634, a SELL position. In this case both targets should be placed at the level of 1.3602.

Performed by Arief Makmur, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Weekly technical levels of GBP/USD for July 14-18, 2014

The GBP/USD pair has rebounded from the minor support at the level of 1.7075. Now, it is approaching its support in order to test it. Moreover, it should be noted that the price of 1.7072 is representing the weekly support 1 for July 14-18, 2014. Consequently, it will probably start upside movement in this area and recovery again. Therefore, it will be a good sign to buy at this spot with the first target of 1.7119 to retest the weekly pivot point and continue towards 1.7154 (it should be noted that this level will form the weekly resistance 1) and the price of 1.7167 is going to form the double top. However, in case of a break of 1.7070, a good place for stop loss will be below 1.7053.

Weekly technical levels:
Date and time:14/07/2014 14:21
Pair: GBP/USD
Projected high:1.7334
Breakout (buy stop):1.7279
Strong resistance (sell limit):1.7249
Current pivot:1.7126
Strong support (buy limit):1.7003
Breakout (sell stop):1.6978
Projected low:1.6928

Performed by Mourad El Keddani, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Technical analysis of EUR/USD for July 15, 2014

TODAY's TECHNICAL LEVELS:
Breakout BUY level: 1.3686.
Strong resistance:1.3678.
Original resistance: 1.3665.
Inner sell area: 1.3652.
Target inner area: 1.3620.
Inner buy area: 1.3588.
Original support: 1.3575.
Strong support: 1.3562.
Breakout SELL level: 1.3554.
DESCRIPTION:
Today, EUR/USD has support at 1.3575 and resistance at 1.3665. The rate is accompanied by strong support at 1.3562 and by 1.3678 as strong resistance. If EUR/USD breaks out and closes below the 1.3554 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3686 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3588 and at 1.3652, a SELL position. In this case both targets should be placed at the level of 1.3620.

Performed by Arief Makmur, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Daily analysis of GBP/USD for July 15, 2014

H1 chart: The GBP/USD pair is trying to form a bearish pattern below the resistance level of 1.7100. If GBP/USD manages to make a breakout at the support level of 1.7050, it is expected to fall to the level of 1.7000, which would be a bearish consolidation, as this pair is below the 200 SMA. Nevertheless, the MACD indicator is moving into the positive territory.

Trading recommendations for today:
Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.7050, take profit is at 1.7000, and stop loss is at 1.7100.

Performed by Felipe Erazo, Analytical expert
InstaForex Group © 2007-2014