Technical analysis on EU,GU and majors

[bhanu545]

EUR/USD Intraday Technical Analysis 2012-06-25

The spot rate is currently testing the lower limit of its medium term bullish channel at 1.2520 and seems to initiate a rebound. However, a break through these levels will release good potential and initiate a violent bearish trend.

Technical indicators provide buy-signals and approching oversell zone supporting the assumption of a rebound. 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 at the level of 1.2520 with the 1st objective at 1.2580 and then at 1.2600. A break through 1.2500 will alter this scenario.

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

 

[bhanu545]

GBP/USD Intraday Technical Analysis and Linear Regression Channels for June 25, 201

The GBP/USD Linear Regression Channels are all almost bearish with variable bearish tendency due to Last Week's bearish reaction towards Resistance Levels 1.5775 and 1.5730.

Last Friday, the market expressed quite weak bearish movement which ended by visiting 1.5556. However, the pair expressed bearish reaction today pushing the pair down to 1.5537.

Price Level 1.5535 constitutes a strong Intraday Support Level as it corresponds to the lower limit of the Violet channel and the mid-line of the Yellow channel where the price action should be watched for a possible bullish opportunity.

Price Level 1.5585 corresponds to the upper limit of the Yellow channel constituting an Intraday Resistance level to be watched today for a possible BUY entry after having bullish breakout above it.

Breakdown of support level 1.5535 opens the way for a quick bearish decline towards 1.5500 then 1.5465 which is located at the lower limit of the Yellow channel.

Performed by Mohamed Samy, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

GBP/USD Intraday Technical Analysis and Linear Regression Channels for June 26, 2012

The GBP/USD Linear Regression Channels are all almost bearish with variable bearish tendency due to Last Week's bearish reaction towards Resistance Levels 1.5775 and 1.5730.

Last Friday the market expressed quite weak bearish movement which ended by visiting 1.5556. However, the pair showed bearish reaction yesterday pushing the pair down to 1.5535.

Price Level 1.5535 constituted a strong Intraday Support Level as it corresponds to the lower limit of the Violet and Blue channel and the mid-line of the Yellow channel which was defended by the bulls pushing the GBP/USD pair to the upside breaking the upper limit of the Yellow channel at 1.5580.

Price Level 1.5580 corresponds to the broken upper limit of the Yellow channel constituting an Intraday Support level to be watched today for a valid BUY entry at retesting.

Bullish Targets for the GBP/USD are located at 1.5630 then 1.5680 on the Intraday scale. However, breakdown of 1.5535 invalidates the bullish scenario for today.

Performed by Mohamed Samy, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

EUR/USD Intraday Technical Analysis 2012-06-26

The spot rate is currently testing the intermediate resistance of its medium term bearish channel at 1.2520 and seems to initiate a decline. However, a break through these levels will release good potential and the price will be able to reach the upper limit of this one -1.2610.

Technical indicators do not provide clear signals but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands are much discarded as a result of a strong decline these days. Stabilization is expected in a short term.

According to 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 at 1.2580 and then at 1.2610. A break through 1.2500 will invalidate this scenario.

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

 

[bhanu545]

EUR/USD Intraday Technical Analysis 2012-06-27

The spot rate is currently testing the intermediate resistance of its medium term bearish channel at 1.2520 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 1.2600.

Technical indicators provide buy-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 1.2520 with the 1st objective at 1.2580 and then at 1.2600. A break through 1.2500 will invalidate this scenario.

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

 

[bhanu545]

GBP/USD Bullish Outlook - for June 27, 2012

The British Pound managed to bounce higher, breaking its sequence of a downward line, this makes sense because the Swiss National Bank, has publicly stated that is diversifying to the British Pound today.
On a technical level the pair has to look to 1.5570 pullback therefore we recommend buying with objectives to 1.5770. On the other hand if you do not want to risk under a possible downward pressure we recommend buying above 1.5640 (above the 200 day moving average).
The stop loss is placed under 1.5520. MACD indicator is showing mixed signals.

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

 

[bhanu545]

EUR/USD Pushing Lower - Analysis for June 28, 2012

EUR/USD Elliott Wave
For the last few days the EUR/USD pair was trading in a downward move developing impulsive (5) wave (coloured green) of the bigger wave (iii) (coloured green). Yesterday during the European and New York sessions we could observe descending movement toward the 1.2444 level. We can consider this move as end of the B wave of the bigger 4 wave (coloured blue). Today during the Asian session this major started pushing higher and price reached 1.2522 level (end of the 4 wave). At the moment we can observe the development of the 5 wave (coloured blue). In accordance with our wave rules and taking into account that the wave 1 retraces 100% of the wave 1, we can define the potential targets with measuring 1 wave (coloured blue) with Take Profit 1 at 1.2334 (100% of wave 1) and Take Profit 2 at 1.2216 (161.8% of wave 1). Resistance at 1.2450 can be used as a Stop Loss point. Also it is necessary to monitor the EU Economic Summit, Italian 10-y Bond Auction and the U.S. Unemployment Claims, Final GDP q/q, FOMC Member Pianalto Speaks data that can change the rate of the pair.
Support and Resistance Levels
(S3) 1.2410 (S2) 1.2434 (S1) 1.2449 (PP) 1.2473 (R1) 1.2497 (R2) 1.2512 (R3) 1.2536
Trading Forecast
Proceeding from Elliott Wave Rules this week, the trend is expected to begin the downward movement. That is why Short positions at level 1.2400 with Stop Loss at 1.2450 Take Profit 1 at 1.2334 and Take Profit 2 at 1.2216 are recommended.

Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

GBP/USD Intraday Technical Analysis and Linear Regression Channels for June 28, 2012

GBP/USD Yellow Linear Regression Channel is wide-ranged with slightly bullish direction while the Blue one is almost transverse due to the sideways movement of the pair this week.
Yesterday GBP/USD expressed significant bullish reaction towards the lower limit of the Yellow and Blue channels around 1.5545 which pushed the pair to the upside towards the mid-line of the Yellow channel.
The mid-line of the Yellow channel resisted further bullish movement and pushed the pair to the downside again towards 1.5540 which corresponds to the backside of the broken bearish Violet channel.
Price Zone 1.5540-1.5525 still constitutes a strong Intraday Support Zone as it corresponds to the lower limit of the Yellow channel and the backside of the broken Violet one where price action should be watched for a low-risk BUY entry with SL located below 1.5495.
Failure of GBP/USD to breakdown price level 1.5540 confirms the bullish targets for GBP/USD which are located at 1.5630 then 1.5675 on the Intraday scale.
Breakdown of price level 1.5500 opens the way for the GBP/USD pair to reach 1.5470 and 1.5405.

Performed by Mohamed Samy, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

EUR/USD Bullish Outlook for June 29, 2012

Economists are trying to find out what will be the results of the EU summit. Taking into account the experience of the past summits, it is possible to suggest that the markets will be disappointed with the results once again. However, I find it interesting that the market has not bought the euro with enthusiasm, before running the ad for this day.
On a technical level, the euro has broken the trend line downward pressure and at this point you have two options to continue their upward sequence to the 1.27 or perform the pullback to 1.2540. Most likely to it will continue rising because we noticed a formation of a flag which means that the euro should continue rising to 1.2720 minimum.
The indicators are showing bullish signal.

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

 

[bhanu545]

GBP/USD Bullish Outlook for June 29, 2012

The pound is facing strong resistance from 1.57 and I think that it could be crucial in the future. The area above zone from 1.57 to 1.58 could be quite tough and this currency pair is likely to change its direction in general. In the long term the EU negative prospect may affect this pair as well. It is likely that the pound fails to overcome 1.58
At this point, given that the indicators show upward force, we recommend buying at current levels of 1.5612 with targets up to 1.57 or even the 1.5730 resistance level weekly.

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

 

[bhanu545]

GBP/USD Intraday Technical Analysis and Trading Recommendations for July 2, 2012

During Friday, the GBP/USD pair expressed massive bullish reaction towards the lower limit of the Yellow channel around 1.5490 making a quick bullish movement of about 230 pips reaching the upper limit of the channel around 1.5705 and exceeding the Average Daily Range by about 85 pips.
Because of this strong bullish movement, the Violet channel became steeply bullish. However, today at earlier hours the GBP/USD managed to breakdown the lower limit of this Violet channel which is indicative of a coming bearish retracement.
Bearish retracement is expected to begin at retesting of the Intraday Resistance Level located around 1.5700 which corresponds to the upper limit of the Yellow channel and targets the mid-line of the same channel around 1.5610.
Price Level 1.5610 is expected to act as a strong Intraday Support Level for the GBP/USD pair because it corresponds to the lower limit of the Blue channel & the mid-line of the Yellow one where Price Action should be watched for a possible Buy entry resuming the uptrend initiated last week.

Performed by Mohamed Samy, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

EUR/USD Intraday Technical Analysis 2012-07-02

The spot rate broke the intermediate resistance of its medium term bearish channel at 1.2560 leading to an acceleration. A pull back on these levels is expected before reaching the higher limit of its channel -1.2730.
Technical indicators provide sell-signals supporting the assumption of a pull back. Bollinger bands are much discarded as a result of a strong increase these days. Stabilization is expected in a short term.
According to previous events the market will provide a bullish opportunity at the level of 1.2560 with the 1st objective at 1.2620 and then at 1.2640. A break through 1.2540 will alter this scenario.

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

 

[bhanu545]

EUR/USD Weekly Analysis for July 03, 2012

The Euro - Dollar pair, is highly affected by the decisions taken by the EU, as a result the markets get excited for a while and then probably sell tendency can be seen again.
This week after the ECB meeting the market will be expecting some kind of flexibility. Of course, this could be a shock announcement, but the reality is that the EU governments realize they came to a deadlock at this point. In other words, markets are getting bored with their actions and are willing to punish them if no action is taken concerning sovereign debts.
In the weekly analysis, we noticed an uptrend channel which return to the support could be a buying opportunity, with targets up to 1.2840.
Moreover, a breakdown of this figure could have a bearish impact and the euro could quote around 1.21.
The range indicator is showing medium-term bullish signal.

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

 

[bhanu545]

GBP/USD Intraday Technical Analysis and Trading Recommendations for July 3, 2012

On Friday the GBP/USD pair expressed massive bullish reaction towards the lower limit of the Yellow channel around 1.5490 making a quick bullish movement of about 230 pips then reaching the upper limit of the Violet channel around 1.5705 and exceeding the Average Daily Range by about 85 pips.
Because of this strong bullish movement, a fresh bullish trend is thought to be started. However, today at earlier hours GBP/USD managed to break through the lower limit of this Violet channel which indicates a coming bearish retracement before further continuation of the uptrend.
The lower limit of the Yellow channel is being tested now around price level 1.5660 which should be broken in order to make bearish retracement targeting 1.5605. However, if GBP/USD fails to break the lower support level, it will push the pair quickly to the upside towards 1.5745 and then 1.5777.
The GBP/USD pair needs to break through the Resistance level 1.5720 (the upper limit of the Violet channel) in order to resume its bullish direction towards 1.5745 and then 1.5777.
Price level 1.5600 is expected to act as a strong Intraday Support Level for the GBP/USD pair because it corresponds to the Average Daily Range for today where price action should be watched for a possible buy entry resuming the uptrend initiated last week.

Performed by Mohamed Samy, Analytical expert
InstaForex Companies Group © 2007-2012

 

[bhanu545]

EUR/USD Bearish Outlook for July 04, 2012

The fact that the euro has not broken through the 1.2415 level, proves that some operators find this level quite attractive for gaining the profit. However, if we examine this situation more carefully, we can find another explanation.
The "solution" that Europe made last week is not full of details and can come into force at any time.
It seems that the solution was made because of the fear that markets are to act accordingly.
According to technical analysis, we noticed that the pair is experiencing a downward pressure, given that the volatility is low, it is likely to negotiate between 1.2590 and 1.2515 range, therefore, we recommend selling below 1.2593 Fractal 4 hours, a break below the moving average of 200 periods may cause a fall to 1.2515.
The MACD indicator is displaying a bearish signal.

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

 

[bhanu545]

GBP/USD Around weekly Pivot Point - For July 04, 2012

The pound is trading in the narrow range of 1.5720 and 1.5630, due to speculation that the central banks (BoE, the ECB) are expected to take measures to stimulate the global recovery.
Situation with Spanish bonds will have a great affect on the market.
The pound is likely to oscillate between these levels. In case of breakdown of the weekly pivot below 1.5630, we can enter selling to 1.5553 support. Moreover, if there is a rebound in the weekly pivot, we can buy above 1.5640 with targets up to 1.5710.
The MACD indicator is in neutral zone.

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

 

[bhanu545]

EUR/USD Weekly Analysis For July 05, 2012 (Weekly Strategy)

The Euro-Dollar pair has a strong level of support as part of the weekly fractal 1.2385, this level is important in defining the trend in the coming months. If this level is breaches and the market closes the week below 1.2384, it will mean that the euro can reach 1.20.
On the other hand, a weekly close above this level increases the likelihood of upward sequence to our target of 1.2890.
Today and tomorrow, we would expect that the market is too volatile for this currency pair. Given that, it is interesting to see, what kind of reaction at the end of the week will be.
We should remember that the announcement about nonfarm payroll out on Friday can affect this pair as well.

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

 

[bhanu545]

GBP/USD Buy Rebound Above 1.5480 - For July 05, 2012 (Daily Strategy)

GBP/USD fell during both Wednesday’s and today’s sessions due to the BoE’s decision on the monetary policy and the uncertainty that comes after the announcement.
Right now it is approaching the weekly fractal which is located at 1.5386. It is a very strong indicator aswe could observe support and resistance last week. So this is a key level because here the pair found a strong rebound. Therefore, market expects the return to the maximum level of consolidation at 1.5720.
I find this pair as a binary trade, which shows a consolidation between these levels: we can buy above 1.5480 and sell below 1.5750.
The MACD indicator is showing signs of oversold.

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

 

[bhanu545]

EUR/USD Intraday Technical Analysis 2012-07-06

The spot rate is currently testing the lower limit of its medium term bearish channel at 1.2360 and seems to initiate a decline. However, a break through these levels will release good potential and initiate a more violent bearish trend.

Technical indicators provide buy-signals and approaching to oversell zone supporting the assumption of a rebound. Bollinger bands are much discarded as a result of a strong decline these days. Stabilization is expected in a short term.

According to previous events the market will provide a bullish opportunity at the level of 1.2360 with the 1st objective at 1.2420 and then at 1.2440. A break through 1.2340 will alter this scenario.

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

 

[bhanu545]

GBP/USD Intraday Technical Analysis and Trading Recommendations for July 6, 2012

The Linear Regression Channels illustrate a strong bearish movement expressed by GBP/USD during this week as the pair has been trending down heavily within the depicted bearish Violet, Blue & Yellow channels which are almost identical.
This heavy bearish movement came as a consequence of the previous massive bullish movement expressed on Friday which exceeded the Average Daily Range by about 85 pips and after formation of the Head & Shoulders reversal pattern around price level of 1.5700.
Today it is possible to observe some signs of bullish recovery as the pair couldn't break through the mid-line of the Yellow channel failing to make a lower low. Instead, the pair found Intraday Support around 1.5500 which renders the price level of 1.5500 and valid BUY entry with minimal SL located below 1.5465 while TP levels are to be located at 1.5540 then 1.5570.
Price Zone 1.5570-1.5580 should be watched for price action as it's considered as a strong Intraday Resistance Zone for the GBP/USD pair.

Performed by Mohamed Samy, Analytical expert
InstaForex Companies Group © 2007-2012