Technical analysis on EU,GU and majors

[candle7779]

USDJPY:
BUY
It is better due to ichimoku indicator to set an order on buy and TP: 96.6927 and stop loss I think near 95.961. Good luck.

 

[bhanu545]

Strategy of the day on EUR/USD 2013-03-15

The spot rate approaches the intermediate resistance of its medium-term bearish channel at 1.3050 suggesting a decline. However, a break of this level will allow it to reach the upper limit of its channel at 1.3110.
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 1.3050 with the 1st objective at 1.2990 and then at 1.2970. A breakthrough of 1.3070 will invalidate this scenario. The second scenario is a break of its resistance, we advise a “buy stop” which means to buy the spot rate as soon as it is broken through its resistance of 1.3050 with the 1st objective at 1.3110 and then at 1.3130. A breakthrough of 1.3030 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 15, 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. Yesterday it was followed by strong bullish movement.
Also the daily closures, which were observed last week, imply the continuation of the sell-off afterwards, provided that the pair remains below 1.5155-1.5220 (major supply zone). That is why, retesting of this zone which is taking place now provides a valid SELL entry with SL located just above 1.5250.
The first strong support will then be encountered at 1.5075, 1.4985, and then 1.4855, if the current bearish movement remains intact this week.

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

 

[autotrader1]

Daily Pivot Point
Resistance 1: 1.5169 Resistance 2: 1.5227 Resistance 3: 1.5335
PIVOT POINT: 1.5119
Support 1: 1.5061 Support 2: 1.5011 Support 3: 1.4903
The MACD is currently BULLISH. The MACD is currently above the signal line. The MACD crossed above the signal line 1 day ago. RSI generated a Buy signal 2 days Ago. The RSI has just reached its highest value in the last 14 period(s). This is BULLISH signal. The RSI has set a new 14-period high while prices has not. This is a BULLISH DIVERGENCE. Parabolic SAR generate a Buy 2 days Ago.
On 15/03/2013, British Pound / US Dollar closed above the lower Bollinger Band by 49.6%. Bollinger Bands are 46.90% wider than normal. The large width of the Bollinger Bands suggest high volatility as compared to British Pound / US Dollar's normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The Bollinger bands have been in this wide range for 18 days. The probability of prices consolidating into a less volatile trading range increases the longer the Bollinger Bands remain in this wide range.
Buy on dip at 1.5061

 

[candle7779]

AUDUSD:
BUY
If the price breaks through the level 1.03946 bullish movement will start. Targets of the bullish movement: 1.04604, 1.05261.
SELL
If the price breaks through the level 1.03313 bearish movement will start. Targets of the bearish movement: 1.02696, 1.02024.

 

[candle7779]

USDCAD:
BUY
If the price breaks through the level 1.02870 bullish movement will start. Targets of the bullish movement: 1.03269, 1.03679.
SELL
If the price breaks through the level 1.02060 bearish movement will start. Targets of the bearish movement: 1.01610.

 

[candle7779]

NZDUSD:
BUY
If the price breaks through the level 0.82453 bullish movement will start. Targets of the bullish movement: 0.82760.
SELL
If the price breaks through the level 0.81546 bearish movement will start. Targets of the bearish movement: 0.80959, 0.80371.

 

[candle7779]

USDJPY:
BUY
If the price breaks through the level 96.617 bullish movement will start. Targets of the bullish movement: 97.750, 98.810.
SELL
If the price breaks through the level 94.905 bearish movement will start. Targets of the bearish movement: 94.341, 93.252.

 

[bhanu545]

Strategy of the day on GBP/USD 2013-03-18

The spot rate is currently testing the intermediate support of its medium-term bearish channel at 1.5060 suggesting a rebound. However, a break of this level will free a large potential and reach the lower limit of its channel at 1.4810. Technical indicators do not provide clear signals, but until the support is not broken the assumption of a rebound is most likely. Bollinger bands are much discarded as a result of a strong increase these days. Stabilization is expected in the short term. The spot rate is currently testing the intermediate support of its channel, we suggest 2 scenarios. The first one is the hypothesis of a rebound where we recommend a buy on the level of 1.5060 with the 1st objective at 1.5120 and then at 1.5140. A breakthrough of 1.5040 will invalidate this scenario. The second scenario is a break of its support where we advise a “sell stop” which means to sell the spot rate as soon as it is broken through its support of 1.5060 with the 1st objective at 1.5000 and then at 1.4880. A breakthrough of 1.5080 will invalidate this scenario.

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

 

[bhanu545]

Strategy of the day on EUR/USD 2013-03-18

The spot rate is currently testing the intermediate support of its medium-term bearish channel at 1.2870 suggesting a rebound. However, a break of this level will free a large potential and reach the lower limit of its channel at 1.2740. Technical indicators provide buy signals and until the support is not broken the assumption of a rebound 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 support of its channel, we suggest 2 scenarios. The first one is the hypothesis of a rebound where we recommend a buy on the level of 1.2870 with the 1st objective at 1.2930 and then at 1.2950. A breakthrough of 1.2850 will invalidate this scenario. The second scenario is a break of its support where we advise a “sell stop” which means to sell the spot rate as soon as it is broken through its support of 1.2870 with the 1st objective at 1.2810 and then at 1.2790. A breakthrough of 1.2890 will invalidate this scenario.

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

 

[candle7779]

GBPUSD:
I would rather put an order on BUY:
To 1.152658 SL 1.50650.

 

[candle7779]

AUDUSD:
Kijun sen is above tankan sen and I think it is better to Sell to level 1.03675 and if the price will be against me than SL 1.037725

 

[candle7779]

USDCAD
For this pair my prediction for buy and because the tankan is above kijun sen I think TP will be 1.2950 and otherwise SL 1.02590.
Good luck.

 

[candle7779]

For NZDUSD I propose to SELL. Kijun is above the tankan sen and due to span B. Take profit 0.82175 in this case stop loss will be 0.82595.

 

[candle7779]

USDJPY
For this pair my prediction for BUY and take profit will be 095085 and on the chart M1 tenkan is above.

 

[bhanu545]

GBP/USD rebounds to 1.5010 - for March 19, 2013

The pound remains a major bullish bias, especially on the daily chart, which since mid last week has configured a new trend in that direction. Momentum Indicator is showing a bearish signal for the next few sessions, we believe that will have a support at the psychological level of 1.5010, we recommend buying at this level, waiting for a new bullish move to 1.5250/80 level.

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

 

[bhanu545]

EUR/USD bullish momentum above 1.3006 - for March 19, 2013

The euro has not reached 1.3074, the value of the closing price on Friday. We believe the pair should reach this level to cover the gap that it has left during the opening of the session this week. Before taking bullish positions look for a safe way in that direction, you should see the development of the price breaking certain resistance levels. The first resistance is found in the daily fractal 1.3006, and according to the pivot points, 1,3030 is the weekly pivot. You can review our yesterday’s analysis to observe these levels. At the current price levels we do not recommend any strategy. Therefore, once the pair is trading above 1.3006, you can buy the euro in the short-term objectives to 1.3255. The momentum indicator is showing a bullish sign.

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

 

[candle7779]

AUDUSD:
BUY
If the price breaks through the level 1.03870 bullish movement will start. Targets of the bullish movement: 1.04160, 1.04500.
SELL
If the price breaks through the level 1.03500 bearish movement will start. Targets of the bearish movement: 1.03130, 1.02770.

 

[candle7779]

GBPUSD:
BUY
If the price breaks through the level 1.51390 bullish movement will start. Targets of the bullish movement: 1.52150, 1.52930.
SELL
If the price breaks through the level 1.50680 bearish movement will start. Targets of the bearish movement: 1.49950, 1.49180.

 

[candle7779]

USDCAD
BUY
If the price breaks through the level 1.29670 bullish movement will start. Targets of the bullish movement: 1.31000, 1.32290.
SELL
If the price breaks through the level 1.28420 bearish movement will start. Targets of the bearish movement: 1.27160, 1.25830.