Technical analysis on EU,GU and majors

[bhanu545]

GBP/USD Intraday Technical Analysis and Trading Recommendations for March 8, 2013

The price around 1.5300 marks the upper limit of the consolidation pattern above 1.5075. Hence, formation of a lower high around 1.5220 followed by breakdown below 1.5075 is enhancing the bearish sentiment of the market. Also the daily closure, which was observed on Wednesday then yesterday, implies continuation of the sell-off afterwards provided that the pair remains below 1.5075 (the lower limit of the range). However, reconsolidation above 1.5075 enables the pair to make corrective bullish move towards 1.5160 then 1.5200. The bearish breakout, which took place last week, will probably be targeting 1.4880. The first strong support will then be encountered at 1.5000, then 1.4855 if the current bearish movement remains intact this week.

Performed by Mohamed Samy, Analytical expert
InstaForex Group © 2007-2013

 

[bhanu545]

Strategy of the day on EUR/USD 2013-03-11

The spot rate approaches the intermediate resistance of its medium-term bearish channel at 1.3060 suggesting a decline. However, a break of this level will allow it to reach the upper limit of its channel at 1.3120. 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 stabilized showing a more regular volatility.
The spot rate is currently testing the intermediate resistance of its channel, we suggest 2 scenarios. The first one is the hypothesis of a decline where we recommend a sell on the level of 1.3060 with the 1st objective at 1.3000 and then at 1.2980. A breakthrough of 1.3080 will invalidate this scenario. The second scenario is a break of its resistance where we advise a “buy stop” which means to buy the spot rate as soon as it is broken through its resistance of 1.3060 with the 1st objective at 1.3120 and then at 1.3140. A breakthrough of 1.3040 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Group © 2007-2013

 

[bhanu545]

GBP/USD intraday technical analysis and trading recommendations for March 11, 2013

The price around 1.5300 marks the upper limit of the consolidation pattern above 1.5075. Hence, formation of a lower high around 1.5220 followed by breakdown below 1.5075 is enhancing the bearish sentiment of the market.
Also the daily closures, which were observed last week, imply continuation of the sell-off afterwards provided that the pair remains below 1.5075 (the lower limit of the range). However, reconsolidation above 1.5075 enables the pair to make corrective bullish move towards 1.5160 then 1.5200.
The bearish breakout, which took place last week, is targeting 1.4880 which got hit today.
The first strong support will then be encountered at 1.4855 if the current bearish movement remains intact this week.

Performed by Mohamed Samy, Analytical expert
InstaForex Group © 2007-2013

 

[candle7779]

EURUSD:
BUY
If the price breaks through the level 1.31132 bullish movement will start. Targets of the bullish movement: 1.32727.
SELL
If the price breaks through the level 1.29537 bearish movement will start. Targets of the bearish movement: 1.27822.

 

[candle7779]

GBPUSD:
BUY
If the price breaks through the level 1.49423 bullish movement will start. Targets of the bullish movement: 1.50758, 1.52106.
SELL
If the price breaks through the level 1.48173 bearish movement will start. Targets of the bearish : 1.46800, 1.45483.

 

[candle7779]

AUDUSD:
BUY
If the price breaks through the level 1.03621 bullish movement will start. Target of the bullish movement: 1.04352.
SELL
If the price breaks through the level 1.02199 bearish movement will start. TP: 1.01523, 1.00813.

 

[candle7779]

USDCAD
BUY
If the price breaks through the level 1.02707 bullish movement will start. Targets of the bullish movement: 1.03310.
SELL
If the price breaks through the level 1.02161 bearish movement will start. Targets of the bearish movement: 1.01615.

 

[candle7779]

USDJPY:
SELL
It is better to my mind to set an order on sell and TP: 95.695 and stop loss I think near 96.300. Good luck.

 

[bhanu545]

EUR/USD buy above 1.3030 - for March 12, 2013

Yesterday the euro managed to close above the weekly pivot of 1.3030. It increases the likelihood that the pair could be ready for a move higher until at least the nearest resistance of 1.3209. However, it is recommended to buy this pair. If there is a rebound in the area of 1.3030, below 1.30, there are many supports there, it will be difficult for this pair to fall easily. If you look at the graph, the momentum indicator is in positive territory, adding to the likelihood that the euro can recover.

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

 

[bhanu545]

GBP/USD - buy above fractal 1.4923 - for March 12, 2013

Today the British pound came back to a new low 1.4830. This pair looks weak, against almost all currencies at the moment, so there is no reason to think that this market is going to take a different turn. Taking into account that it is already very oversold, we consider that it would be dangerous to sell this pair, or we should expect a bullish rebound to re-sell, or as noted in the chart below, you can place your order positions above the daily fractal of 1.4923, with a target to the next fractal 1.5268.

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

 

[bhanu545]

GBP/USD key fractal 1.4927 for March 13, 2013 (daily strategy)

The British pound gained positions and now it is away from its Tuesday’s lows, when it touched 1.4830. Here it began to take some strength. This morning in the U.S. session it has been trading above 1.4927 fractal. Yesterday we pointed out this fractal level, as the entry point to buy the pair, and today I will buy if the pair goes back to this level. This pair is taking some bullish strength; in the short term we expect it to reach the level of resistance fractal 1.5280.

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

 

[bhanu545]

EUR/USD rebound above 1 .2927 (key Level) - for March 13, 2013

The number of retail sales in the United States pressured the euro lower reaching a new low of 1.2923. Right in this area there is the first weekly support. Now the pair tries to recover positions, from technically point of view, this area is a good level to buy the pair, with objectives in the medium term to weekly resistance 1.31. We expect that in the coming days the euro continues to be in range between 1.2930 and 1.31 levels. The Momentum indicator is in positive zone, which increases the chances of recovery of the euro.

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

 

[candle7779]

My forecast for today for EURUSD:
Due to ichimoku indicator
SELL:
take profit 1.28980
stop loss: 1.29464.

 

[candle7779]

Prediction for GBPUSD is the next:
I suppose it is better to put an order on BUY and stop loss 1.49991 the next level 1.50331 if the price will be against me than stop loss at the level 1.49304.
Good luck.

 

[candle7779]

AUDUSD:
Prediction for today:
Put an order on BUY to 1.3995 but here I’m not sure because of controversial signals so stop loss 1.03755

 

[bhanu545]

GBP/USD intraday technical analysis and trading recommendations for March 14, 2013

The price around 1.5300 marks the upper limit of the consolidation pattern above 1.5075. Hence, formation of a lower high around 1.5220, followed by breakdown below 1.5075, is enhancing the bearish sentiment of the market.

The bearish breakout, which took place last week, achieved its target at 1.4880 where significant bullish rejection was demonstrated in the bullish daily hammer candlesticks.
Also the daily closures, which were observed last week, imply continuation of the sell-off afterwards provided that the pair remains below 1.5075 (the lower limit of the range). That is why, retesting of 1.5075 probably provides a valid SELL entry with SL located just above 1.5150.
The first strong support will then be encountered at 1.4855 if the current bearish movement remains intact this week.

Performed by Mohamed Samy, Analytical expert
InstaForex Group © 2007-2013

 

[bhanu545]

Strategy of the day on EUR/USD 2013-03-14

The spot rate approaches the intermediate resistance of its medium-term bearish channel at 1.2980 suggesting a decline. However, a break of this level will allow it to reach the upper limit of its channel at 1.3120.
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 the short term.
The spot rate is currently testing the intermediate resistance of its channel, we suggest 2 scenarios. The first one is the hypothesis of a decline where we recommend a sell on the level of 1.2980 with the 1st objective at 1.2920 and then at 1.2900. A breakthrough of 1.3000 will invalidate this scenario. The second scenario is a break of its resistance where we advise a “buy stop” which means to buy the spot rate as soon as it is broken through its resistance of 1.2980 with the 1st objective at 1.3040 and then at 1.3060. A breakthrough of 1.2960 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Group © 2007-2013

 

[candle7779]

USDCAD:
Today I expect bearish movement so put an order on SELL to 1.02646 and stop loss will be 1.02793

 

[candle7779]

NZDUSD:
If the price breaks the line 0.81160 then put on SELL to 0.81750 and if the bullish movement will start then stop loss 0.82096

 

[candle7779]

NZDUSD:
If the price breaks the line 0.81160
SELL to 0.81750
if the bullish movement will start then stop loss 0.82096