Technical analysis on EU,GU and majors

[bhanu545]

EUR/USD Intraday Technical Analysis 2012-05-29

The spot rate is currently testing the intermediate resistance of its medium term bearish channel at 1.2590 and seems to initiate a decline. However, a break through these levels will release good potential and will be able to reach the upper limit of this one to 1.2650.

Technical indicators do not provide clear signals but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.

According to previous events the market will provide a bullish opportunity as soon as the spot rate has broken through its resistance of 1.2590 with the 1st objective at 1.2650 and then at 1.2670. A break through 1.2570 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

GBP/USD Intraday Technical Analysis 2012-05-29

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.5710 and seems to initiate a decline. However, a break through these levels will release good potential and initiate a violent bullish trend.

Technical indicators do not provide clear signals but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.

According to previous events the market will provide a bullish opportunity as soon as the spot rate has broken through its resistance of 1.5710 with the 1st objective at 1.5770 and then at 1.5790. A break through 1.5690 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

GBP/USD Intraday Technical Analysis 2012-05-30

The spot rate is currently testing the intermediate support of its medium term bearish channel at 1.5600 and is likley to rebound. However, a break through these levels will reveal good potential enabling to reach its lower limit 1.5530.
Technical indicators provide buyers signals and as long as the support level is unbroken, the rebound is most likely to take place. Bollinger bands are much discarded resulting from the strong recent decline. The situation is expected to stabilize soon.

Considering previous events the market will provide a bullish opportunity at the level of 1.5600 with 1.5660 and 1.5680 seen as first targets. A breakdown of 1.5580 level will reverse this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

EUR/USD Intraday Technical Analysis 2012-05-30

The spot rate is currently testing the lower limit of its medium term bearish channel at 1.2430 and is likley to rebound. However, a breakdown of these levels will release significant potential resulting in more violent bearish trend.

Technical indicators provide buyers signals and as the support remains unbroken, the assumption of a rebound is relevant. Bollinger bands are much discarded due to the strong decline that took place these days. The situation is expected to stabilize soon.

According to previous events the market will provide a bullish opportunity at the level of 1.2430 with the 1st objectives seen at 1.2490 and 1.2510 levels. In case the level 1.2410 is passed through, the proposed scenario will be altered.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

EUR/USD Intraday Technical Analysis 2012-05-31

The spot rate is currently testing the intermediate resistance of its medium term bearish channel at 1.2430 and is likely to initiate a decline. However, a breakdown of these levels will release significant potential enabling to reach its upper limit in 1.2550.

Technical indicators provide sellers signals confirming the assumption of a decline. Bollinger bands are much discarded due to the strong decline that took place these days. The situation is expected to stabilize soon.

According to previous events the market will provide a bullish opportunity as soon as the spot rate has broken through its resistance of 1.2430 with the 1st objectives seen at 1.2490 and 1.2510 levels. A breakdown of 1.2410 will cancel this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

GBP/USD Is Time To Buy For May 31/2012

The British pound recovers from the fall that led to lows in January (1.5462). On Thursday durin the American session it was traded slightly higher. Noteworthy that the volume of retail trade in the United Kingdom grows, sales amounted to 21% versus 6% in the previous month which increases the possibility of recovery of the British currency.


On the daily chart we can see that the British pound is around the second weekly pivot: we do not recommend buy deals at current levels, only if the pair closes above 1.5497, above the W_S2. With objectives to the 200 day moving average around 1.5800. At 1.5820 is the weekly fractal and is very likely that in this area the pair will find strong resistance as we can see on the chart.

The Momentum indicator is starting to show bullish signals.

Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

EUR/USD Rebound For June 01 (Weekly Strategy)

The EUR/USD pair is currently recovering having the support at 1.2285. We believe that it is very diffiluct to break it through.

Therefore recommend you buy at that price level or if the pair closes above 1.2400, enter buying with medium-term objectives near 1.2950.

The Stochastic indicator is showing bullish signals.

Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

GBP/USD Intraday Technical Analysis 2012-06-01

The spot rate is presently testing the lower limit of its medium term bearish channel at 1.5340 and is likely to initiate a rebound. However, a breakdown of these levels will reveal significant potential and initiate a more violent bearish trend.

Technical indicators provide buyers signals and evolving in oversell zone supporting the assumption of a rebound. Bollinger bands are much discarded as a result of a strong recent decline. The situation is likely to stabilize soon.

According to previous events the market will provide a bullish opportunity at the level of 1.5340 with 1st objectives seen at 1.5400 and 1.5420. A breakdown of 1.5320 will cancel this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

GBP/USD Intraday Technical Analysis 2012-06-04

Presently the spot rate is testing the upper limit of its medium term bearish channel at 1.5380 and is about to decline. However, a breakdown of these levels will reveal significant potential and initiate a violent bullish trend.

Technical indicators do not provide clear signals but as the resistance level is unbroken, the assumption of a decline is relevant. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.

According to previous events the market will provide a bullish opportunity as soon as the spot rate has broken through its resistance 1.5380 with the 1st objective seen at 1.5440 and 1.5460 levels. A breakdown of 1.5360 level will cancel this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

EUR/USD Wave Analysis. Weekly Survey

Wave marking analysis:
As a result of last week’s trades the EUR/USD continued its downward movement. Having lost another 300 pips, the pair tested the level of figure 23. Despite the elaboration of the significant price level 1.2340, the inner wave structure of the descending part of the trend beginning in early May, looks as not completed yet. Thus, the price is likely to decrease further towards the point 1.2000. At the same time the MACD divergence points that correction of the whole descending movement lasting for 10 figures is necessary.



Targets for the option with the wave 4 in 5:
1.2528 – 23.6% according to Fibonacci
1.2673 – 38.2% according to Fibonacci

Targets for the option with the wave 5 in 5:
1.2340 – 423.6% according to Fibonacci

General conclusions and trading recommendations:
During the last week the euro continued its descending movement. Therefore, this week the quotes are likely to drop further within the wave 5 in 5 towards the 1.2340 which corresponds to 423.6% of Fibonacci. The rate can form the 4th wave from the current positions towards the points 1.2528 and 1.2673 which is equal to 23.6% and 38.2% of Fibonacci. MACD is located in the negative area indicating that the wave 4 is likely to begin in the nearest future. Also the MACD points at convergence that confirms the possible formation of the ascending correction.

Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

GBP/USD Intraday Technical Analysis 2012-06-05

The spot rate is presenlty testing the intermediate resistance of its medium term bearish channel at 1.5410 and seems to initiate a decline. However, a breakdown of these levels will release a potential enabling to reach its upper limit near 1.5490.

Technical indicators provide buyers signals and evolving in the oversell zone confirms that the resistance level is expected to be passed through. Bollinger bands are much discarded due to the strong decline that took place these days. The situation is expetced to stabilize soon.

According to previous events the market will provide a bullish opportunity as soon as the spot rate has broken through its resistance of 1.5410 with the 1st targets seen at 1.5470 and at 1.5490 levels. In case the level 1.5390 is passed through, the prospect scenario will be cancelled.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

EUR/USD Intraday Technical Analysis 2012-06-05

The spot rate is presently testing the upper limit of its medium term bearish channel at 1.2540 and is about to decline. However, a break through of these levels will reveal significant potential initiating a violent bullish trend.

Technical indicators provide sellers signals but as the resistance remains unbroken, the assumption of a decline is relevant. Bollinger bands are much discarded due to the strong recent increase. The situation is expected to stabilize soon.

According to previous events the market will provide a bullish opportunity as soon as the spot rate has broken through its resistance of 1.2540 with 1.2600 and 1.2620 seen as first targets. In case the level 1.2520 is passed through, the proposed scenario will be cancelled.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

GBP/USD Bullish Outlook For June 6 / 2012

The GBP / USD pair has managed to ascend up to the 50 periods moving average around 1.5505, maybe waiting for the G7 managed to give relief to the sovereign debt crisis. Though at the end of the conference call it did not give clear signals that a solution has been found.

On a technical level we expect a correction towards the bullish channel of 4H; the level 1.5380 presents a good opportunity for buy-deals with targets seen at the 1.5700 level.

The momentum indicator is showing bearish signals, so the pair is expected to reverse.

Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

EUR/USD Intraday Technical Analysis 2012-06-06

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.2520 and is likely to decline. However, a breakdown of these levels will reveal significant potential and initiate a violent bullish trend.

Technical indicators provide buyers signals but as long as resistance level is unbroken, the assumption of a decline is relevant. Bollinger bands are much discarded due to the strong recent increase. The situation is expected to stabilize soon.

Proceeding from previous events the market will provide a bullish opportunity as soon as the spot rate has broken through its resistance of 1.2520 with the 1st objective seen at 1.2580 and 1.2600 levels. in case the level 1.2500 is passed through, the proposed scenario will be cancelled.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

GBP/USD Strong Resistance For June 07/2012

The Momentum indicator is entering the 100 area indicating a possible correcion. The agency Egan-Jones has downgraded the rating from the UK, to AA- from AA; the rating agency said the rating was reviewed due to a slowdown in GDP growth and the fact that recent data on balance payment is not too positive.
On the chart above we can see the level of 1.5640 and 1.5710 as a strong resistance level; a correction will probably take place at these levels. Therefore, we recommend selling at these resistance levels with objectives seen at the 1.5450 level. On the other hand, a breakdown of the 1.5710 level will be a signal for buy-deals with objectives seen at the 1.5900 level.

Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

EUR/USD Correction For June 07/2012 2012-06-07

This morning the ECB left interest rates in the eurozone unchanged at 1%, as it was expected. This was taken optimistically and the euro managed to break the resistance 1.2583; presently it is trading above this level on the 4H charts. The pair is expected to rise towards 1.2635 and 1.2675 second weekly resistance. We recommend sell-deals at both levels with objectives seen at 1.2535 (Pivot Point). If the uptrend line is broken, it s recommended to sell up to 1.2400. Stop loss is to be placed above 1.2675.
We expect the formation of the second corrective wave. Then the uptrend will resume towards our medium-term target 1.3100

Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

GBP/USD Around Trendline - For June 08/2012

The British pound felt the impact of the words of Bernanke, the European crisis, and that splash of United States, Japan and the rest of Southeast Asia. This climate of uncertainty weakened the GBP/USD, which is now coming to the line of short-term uptrend.

In the 4 hour chart we notice that the price of GBP/USD is trading just above the uptrend line. The breakdown of this line will accelerate the fall to 1.5300 as the first objective.

On the other hand, if the pair closes above this level or above 1.5450 pivot weekly, we recommend buying with objectives to 1.5620, and above up to 1.58

The Momentum indicator is showing bearish signal.

Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

EUR/USD Intraday Technical Analysis 2012-06-08

The spot rate is currently testing the intermediate support of its mid-term bearish channel at 1.2510 suggesting a rebound. However, a break through this level will trigger a decline to a lower limit – 1.2260.

Technical indicators provide BUY signals supporting the assumption of a rebound. Bollinger bands have much tightened within recent days showing a decline in volatility and a strong movement.

According to the previous events, the market will provide a bullish opportunity at the level of 1.2510 with the 1st objective at 1.2570 and then at 1.2590. A break through 1.2490 will alter this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[bhanu545]

EUR/USD Intraday Technical Analysis 2012-06-11

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.2680 and seems to initiate a decline. However, a break through these levels will release good potential and initiate a violent bullish trend.

Technical indicators provide sell-signals but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.

According to previous events the market will provide a bullish opportunity as soon as the spot rate has broken through its resistance of 1.2680 with the 1st objective at 1.2740 and then at 1.2760. A break through 1.2660 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

GBP/USD Intraday Technical Analysis 2012-06-11

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.5580 and seems to initiate a decline. However, a break through these levels will release good potential and initiate a violent bullish trend.

Technical indicators provide sell-signals and approaching overbuy zone supporting the assumption of a decline. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.

According to previous events the market will provide a bullish opportunity as soon as the spot rate has broken through its resistance of 1.5580 with the 1st objective at 1.5640 and then at 1.5660. A break through 1.5560 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012