Technical analysis on EU,GU and majors

[candle7779]

GBPUSD:

BUY
If the price breaks through the level 1.51500 bullish movement will continue. Targets of the bullish movement: 1.52015.
SELL
If the price breaks through the level 1.50590 bearish movement will start. Targets of the bearish movement: 1.50110.

 

[candle7779]

AUDUSD:
BUY
If the price breaks through the level 1.02400 bullish movement will start. Targets of the bullish movement: 1.02595.
SELL
If the price breaks through the level 1.02015 bearish movement will start. TP: 1.01625.

 

[candle7779]

USDCAD:
BUY
If the price breaks through the level 1.02800 bullish movement will start. Targets of the bullish movement: 1.03080.
SELL
If the price breaks through the level 1.02625 bearish movement will start. Targets of the bearish movement: 1.02400.

 

[candle7779]

USDJPY:
SELL
If the price breaks through the level 93,142 bearish movement will start. Targets of the bearish movement: 92.825

 

[bhanu545]

GBP/USD - bullish outlook - for March 05, 2013

In the short term the British pound is coming out of the downward pressure that led it to trade on the level of 1.4990 last week. This morning on the daily chart the pair was with a bullish bias. We expect this will continue to the fractal level 1.5268. The increase was observed, as during the European session PMI Services came out better than expected, with 51.8 points, higher than expected. We believe that the level of 1.50 will remain the key support level. On the other hand, the momentum technical indicator is showing a bullish sign for the next few days.

Performed by Gerardo Porras, Analytical expert
InstaForex Group © 2007-2013

 

[bhanu545]

EUR/USD sell bellow 1.3101- for March 05, 2013

The euro remains on the psychological level of 1.30. This morning during the American session it was trading at 1.3034. We expect an upward movement until the resistance of 1.31 in this area it is the weekly pivot, which will provide downward pressure. So we recommend selling this level, with objectives to weekly support 1.2888. If the pair closes the day above 1.31, it will invalidate our bearish outlook. On the other hand, if you look at the technical indicator in the chart, it is under downward pressure; there has not yet been bullish signal. So any increase in the pair must be considered as an opportunity to sell this pair.

Performed by Gerardo Porras, Analytical expert
InstaForex Group © 2007-2013

 

[candle7779]

EURUSD:

SELL
If the price breaks through the level 1.29900 bearish movement will start. Targets of the bearish movement: 1.29520.

 

[candle7779]

USDJPY:
SELL
If the price breaks through the level 93,742 bearish movement will start. Targets of the bearish movement: 92.875.

 

[candle7779]

AUDUSD:
BUY
If the price breaks through the level 1.02595 bullish movement will start. Targets of the bullish movement: 1.02995.
SELL
If the price breaks through the level 1.02015 bearish movement will start. Targets of the bearish movement: 1.01625.

 

[candle7779]

USDCAD:
BUY
If the price breaks through the level 1.03090 bullish movement will start. Targets of the bullish movement: 1.03180.
SELL
If the price breaks through the level 1.02625 bearish movement will start. Targets of the bearish movement: 1.02400.

 

[bhanu545]

GBP/USD - expectation of rebound - for March 06, 2013

Despite the presentation of the BoE Governor Mervyn King the pound did not raise its head and was pressed down in the European session. This morning it has been trading at 1.5075, above the psychological level of 1.50. Probably there is one pair consolidation at this level, and in view of this, the pair has kept downward pressure for several days. Many traders are waiting for a bounce upward to re-sell this pair. Therefore we expect the pair to reach fractal level nearby, which is in 1.5268, and if this level is broken, the strongest resistance is found in 1.5614. So you can buy at current price levels, the momentum indicator is showing bullish sign for the next few days.

Performed by Gerardo Porras, Analytical expert
InstaForex Group © 2007-2013

 

[bhanu545]

EUR/USD - key level of 1.31 - for March 06, 2013

The euro does not leave the range between 1.2970 and 1.3070. It appears to be unchanged and is trading back around the psychological level of 1.30, while waiting for some strong data that allows it to jump to the area of 1.31. It is likely that before a new bearish movement this pair tries to break 1.3101 level. On the other hand, if the pair closes above 1.31, it will drive you to the nearest resistance of 1.3235. If during today's session, the pair reaches the level of 1.2970, you can buy this pair with the objectives outlined in the chart. On the other hand, the 200 day moving average is at 1.2883, indicating that the long-term uptrend has not been lost. Therefore, any price near this level should be considered as an opportunity to buy this pair.

Performed by Gerardo Porras, Analytical expert
InstaForex Group © 2007-2013

 

[candle7779]

GBPUSD:

BUY
If the price breaks through the level 1.50340 bullish movement will continue. Targets of the bullish movement: 1.50900.

 

[candle7779]

AUDUSD
BUY
If the price breaks through the level 1.02640 bullish movement will . Take profit 1.02902. Stop loss will be 1.02532

 

[candle7779]

USDCAD:
SELL
If the price breaks through the level 1.03061 bearish movement will start. Targets of the bearish movement: 1.02729. Stop loss so will be1.03085.
Enjoy

 

[bhanu545]

EUR/USD - bullish outlook - for March 07, 2013

This morning the euro is trading at 1.3010, above the psychological level of the pair. As we have said earlier, we see that even the euro maintained its upward trend above the 200 day moving average above 1.2888, and that all reverse is just an opportunity to buy this pair. Therefore, currently buy the pair with objectives to the level of 1.31, key level. If the pair closes above 1.3101, you can re-buy this pair targeted to first weekly resistance 1.3235. On the other hand, the momentum indicator is showing bullish sign.

Performed by Gerardo Porras, Analytical expert
InstaForex Group © 2007-2013

 

[bhanu545]

GBP/USD - bullish outlook - for March 07, 2013

The British pound before 7 A.M. Eastern Time was trading below 1.50 level. After the BoE had issued the interest rate, leaving it unchanged at 0.5%, this data gave a bullish momentum to the pound, which now is trading at 1.5041.Therefore, analyzing technical indicators; we expect an upward movement of the pair, for the next few hours or even the next day. So we recommend buying at current price levels with objectives in the nearest fractal of 1.5268 and above at 1.5614.

Performed by Gerardo Porras, Analytical expert
InstaForex Group © 2007-2013

 

[candle7779]

NZDUSD

SELL
If the price breaks through the level 0.82585 bearish movement will start. Targets of the bearish movement: 0.82395. Stop loss 0.82881.

 

[candle7779]

USDJPY:
BUY
If the price breaks through the level 95.100 up trend will continue. Targets of the bearish : 95.275.

 

[bhanu545]

EUR/USD Analysis for March 8, 2013 2013-03-08

EUR/USD Elliott Wave
This week the EUR/USD pair was trading upwards, corrective wave A (coloured blue) of the bigger (4) wave (coloured green) was developing. Yesterday during the Asian and European session we could observe strong ascending movement from 1.02983 towards the 1.0311 level and we can consider this movement as the end of the sub-wave (3) (coloured pink) of the corrective wave A (coloured blue). Therefore, during the New York session when the wub-wave (4) had started developing, this major pair retraced back to 1.3087 level. At the moment the EUR/USD pair is trading around 1.0100 level and we expect bearish movement when development of the corrective B wave (coloured blue) starts. In accordance with our wave rules and taking into account that the wave B should retrace 50% of the wave A, we can define the potential targets with measuring wave A with take profit at 1.3062 (50% of wave A). To reduce the risk, we can use resistance at 1.3217 level as stop loss.
Support and Resistance
(S3) 1.2856 (S2) 1.2910 (S1) 1.3009 (PP) 1.3063 (R1) 1.3162 (R2) 1.3216 (R3) 1.3315
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the downwards movement. That is why short positions at level 1.3158 with stop loss at 1.3217 and take profit at 1.3062 are recommended.

Performed by Nicola Delic, Analytical expert
InstaForex Group © 2007-2013