Technical analysis on EU,GU and majors

[bhanu545]

EUR/USD intraday technical levels for March 26, 2013

TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.2919.
Strong Resistance: 1.2912.
Original Resistance: 1.2899.
Inner Sell Area: 1.2886.
Target Inner Area: 1.2856.
Inner Buy Area: 1.2826.
Original Support: 1.2813.
Strong Support: 1.2800.
Breakout SELL Level: 1.2793.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.2813 and 1.2899. The rate is accompanied by strong support at 1.2800 and by 1.2912 as strong resistance. If EUR/USD breaks out and closes below 1.2793 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.2919 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2826 and at 1.2886, a SELL position. In this case both targets should be located at the level of 1.2793.

Performed by Arief Makmur, Analytical expert
InstaForex Group © 2007-2013

 

[bhanu545]

GBP/USD technical analysis for March 26, 2013

RECOMMENDATION:
BUY stop (pending order) at 1.5201.
Take profit at 1.5215.
Stop loss at 1.5091.
Alternative:
SELL stop (pending order) at 1.5149.
Take profit at 1.5135.
Stop loss at 1.5159.
Disclaimer:
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Performed by Arief Makmur, Analytical expert
InstaForex Group © 2007-2013

 

[candle7779]

AUDUSD:
As to this pair I consider that it is better to SELL due to ichimoku indicator and trend I put take profit at 1.04231 and stop loss at 1.04442.
So we will see how it works.

 

[candle7779]

USDCAD:
My prediction is the next for USDCAD. The situation on the market for USDCAD needed to BUY and SL is 1.01541 and TP 1.01740.

 

[candle7779]

NZDUSD:
Well I think it is better to put an order at selling and take profit 0.83332 and stop loss at the level 0.83680.

 

[candle7779]

USDJPY:
I use ichimoku indicator and timeframe H1 and M1.
Well as to this pair I think SELL to 94.386 and stop loss at 94.587. Good luck.

 

[bhanu545]

Strategy of the day on GBP/USD 2013-03-27

The spot rate approaches the lower limit of its medium-term bullish channel at 1.5090 suggesting a rebound. However, a break of this level will free a large potential and initiate a violent bearish channel.
Technical indicators do not provide clear signals, but until the support is not broken the assumption of a rebound is most likely. Bollinger bands have stabilized showing a more regular volatility.
The spot rate is currently testing the lower limit 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 1.5090 with the 1st objective at 1.5150 and then at 1.5170. A breakthrough of 1.5070 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 1.5090 with the 1st objective at 1.5030 and then at 1.5010. A breakthrough of 1.5110 will invalidate this scenario.

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

 

[bhanu545]

Strategy of the day on EUR/USD 2013-03-27

The spot rate is currently testing the lower limit of its medium-term bearish channel at 1.2820 suggesting a rebound. However, a break of this level will free a large potential and initiate a more violent bearish channel.
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 decline these days. Stabilization is expected in the short term.
The spot rate is currently testing the lower limit 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 1.2820 with the 1st objective at 1.2880 and then at 1.2900. A breakthrough of 1.2800 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 1.2820 with the 1st objective at 1.2760 and then at 1.2740. A breakthrough of 1.2840 will invalidate this scenario.

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

 

[candle7779]

AUDSD
BUY
If the price breaks through the level 1.04592 bullish movement will. Targets of the bullish movement: 1.05001, 1.05484.
SELL
If the price breaks through the level 1.04153 bearish movement will. Targets of the bearish movement: 1.03714, 1.03245.

 

[candle7779]

USDCAD:
SELL
If the price breaks through the level 1.01538 bearish movement will start. Targets of the bearish movement: 1.01121, 1.00732.

 

[candle7779]

NZDUSD:
BUY
If the price breaks through the level 0.83989 bullish movement will start. Targets of the bullish movement: 0.84625, 0.85261.
SELL
If the price breaks through the level 0.83413 bearish movement will start. Targets of the bearish movement: 0.82797, 0.82200.

 

[candle7779]

USDJPY:
BUY
If the price breaks through the level 94.885 bullish movement will start. Targets of the bullish movement: 95.926, 96.935.
SELL
If the price breaks through the level 93.844 bearish movement will . Targets of the bearish movement: 91.762.

 

[bhanu545]

GBP/USD: Intraday technical analysis for March 28, 2013

Overview: GBP/USD: The trend movement was controversial as it took place in a narrow sideways channel. Taking into account the previous events, the price is still between the levels 1.5160 and 1.5110, so it is recommended to be cautious while making deals in this area. Therefore, it is necessary to wait till the sideways channel is passed through. Then, the market will probably indicate the signs of a bullish trend. In other words, BUY-deals are recommended higher than 1.5090 level with its first target at level 1.5165. From this point the pair is likely to begin the ascending movement to the point 1.5190 and further to the level 1.5220. However, if the pair fails to pass through the level 1.5220, the market will indicate a bearish opportunity below the strong resistance level 1.5220. In this regard, SELL-deals are recommended lower than the 1.5220 level with the first target of 1.5150. It is possible that the pair will turn to downward movement continuing the development of the bearish trend to the level 1.5090 in order to form triple bottom.

P.S: The value of 50% Fibonacci retracement levels is: 1.5176 (Average = (Higher - Lower) / 2) for confirming a bullish market. Triple bottom will be set at the level of 1.5090.
Performed by Mourad El Keddani, Analytical expert
InstaForex Group © 2007-2013

 

[bhanu545]

Strategy of the day on EUR/USD 2013-03-28

The spot rate is currently testing the lower limit of its medium-term bearish channel at 1.2740 suggesting a rebound. However, a break of this level will free a large potential and initiate a more violent bearish channel.
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 lower limit 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 1.2740 with the 1st objective at 1.2800 and then at 1.2820. A breakthrough of 1.2720 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 1.2740 with the 1st objective at 1.2680 and then at 1.2660. A breakthrough of 1.2760 will invalidate this scenario.

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

 

[candle7779]

USDCAD:
Today it is better to buy and take profit due to ichimoku clouds will be 1.01887 stop loss if the price against me 1.01569. Good luck.

 

[candle7779]

AUDUSD:
I am going to set an order to SELL and the bearish movement to my mind will be down to 1.04041 otherwise stop loss 1.01214.

 

[candle7779]

NZDUSD:
BUY
If the price breaks through the level 0.83989 bullish movement will continue. Target of the bullish movement: 0.83990. Stop loss if the bearish movement begin 0.83529.
Have a perfect trading.

 

[candle7779]

USDJPY:
BUY
Targets of the bullish movement: 96.743.
Otherwise stop loss: 92.865

 

[bhanu545]

GBP/USD - sell below 1.5145 - for March 29, 2013

Earlier this month the pound sterling hit a minimum at 1.4830. This pair has recovered positions for more than 400 pips, which now trades at 1.52 level, from a daily perspective this pair now trades below the long-term bearish channel (red), and over the short-term bullish channel (green). We must be attentive to these levels, since the breakdown of the short-term bullish channel could push down the pair to the 1.4930 level, strong support on the weekly charts. We believe the pair should have a more prolonged decline because the momentum indicator is in overbought area getting ready for a bearish signal in the coming days. Therefore we recommend selling below the uptrend line with objectives to 1.4930.

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

 

[bhanu545]

EUR/USD - key level of 1.2880 - for March 29, 2013

Yesterday the euro raised its head after the downward pressure, rejecting the level of 1.2750. Now it is trading above the 1.2820 level. If you noticed the pair is trading below the 200 day moving average, which adds the pair a bearish outlook in the medium term. Therefore, do not buy at the current levels unless the pair trades back above the 200 day moving average periods. On the other hand if the pair rejects this level, we can sell below 1.2875 with objectives to the level of 1.2750 and below to the level of 1.2640. On the other hand, if the pair closes above 1.2880, we can buy with objectives to the psychological level of 1.30 and to closing the gap at 1.3174. The Momentum Indicator is in positive territory, showing a recovery in the euro for the next few days.

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