Technical analysis on EU,GU and majors

[bhanu545]

GBP/USD weekly technical analysis for April 01-05, 2013

If we look at the triangle pattern of this currency, volatility should be taken into consideration. Maybe for this week the GBP/USD pair will stick between its strong support (1.5128-1.5132) and its strong resistance (1.5220-1.5224). However, if in the course of the week the GBP/USD pair can breach bellow the strong support level (1.5128-1.5132), then 1.5092 and 1.5047 will be its targets for this week. On the opposite, if this currency can breach above the strong resistance level (1.5220-1.5224), then 1.5260 and 1.5305 will be its next targets for this week.

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

 

[bhanu545]

EUR/USD weekly technical analysis for April 01-05, 2013

For this whole week starting from April 01 to 05, 2013, this currency is going to test 1.2751 level. If this level can be breached it will try to reach 1.2671, as the primary target, and 1.2568, as the secondary target. Although the EUR/USD pair has got a reversal movement to the upsides, close above its strong resistance between 1.2814 to 1.2821, then the EUR/USD pair is going to enter its mid-price level at 1.2864 and 1.2934.

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

 

[candle7779]

AUDUSD
BUY
If the price breaks through the level 1.04600 bullish movement will start. Take profit of the bullish movement: 1.04811 otherwise stop loss: 1.04473.

 

[bhanu545]

Strategy of the day on GBP/USD 2013-04-02

The spot rate is currently testing the intermediate resistance of its medium-term bullish channel at 1.5260 suggesting a decline. However, a break of this level will allow it to reach the upper limit of its channel at 1.5360. 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 1.5260 with the 1st objective at 1.5200 and then at 1.5180. A breakthrough of 1.5280 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 1.5260 with the 1st objective at 1.5320 and then at 1.5340. A breakthrough of 1.5240 will invalidate this scenario.

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

 

[bhanu545]

EUR/USD - buy above EMA 200 - for April 02, 2013

The euro has rejected the level of 1.2878 to be the day’s high so far. This level coincides with the 200 day moving average periods; it acts as a strong resistance. The pair has to overcome it in order to reach the levels of 1.30 and 1.32. The growth of the euro is that European exchanges earn on average 1.2%. Therefore, it is recommended to buy only if the pair is trading above the 200 day moving average. We will place the target on the fractal 1.3240.

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

 

[bhanu545]

GBP/USD - sell below 1.5210 - for April 03, 2013

The British pound was weak for the rest of the session on Wednesday because the data on British economy is disappointing. This time the construction PMI is worse than expected, it pushed the pound down, however it is in a move that begun on Tuesday, so it is likely to rebound. We see the opportunity to sell the pair again with targets in the medium term to the level of 1.4930, because there is a pattern of a double top figure which maximum is 1.5260 and the ultimate goal is to be located 1.49. Therefore, it is recommend to sell below red bearish channel that can be seen from the chart, we will place stop loss 30 points above 1.5260.

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

 

[bhanu545]

EUR/USD - buy above 1.2880 - for April 03, 2013

The EUR/USD pair is recovering slightly, because the International Monetary Fund (IMF) announced that it would contribute 1 billion euros to an overall financial bailout package of 10 billion euros for Cyprus. This data did not cause too much impact on the euro. Given that EUR/USD has data that does not favor its recovery but it has managed to stay above the 1.2750 level. Now it faces the 200 day moving average at 1.2881, blue color can be seen in the chart. Therefore, you can buy the pair only if the price is trading above this level, with short-term objectives to the psychological level of 1.30 and above to the fractal of 1.3240 dollars per euro.

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

 

[candle7779]

AUDUSD:
I am going to set an order to SELL and the bearish movement to my mind will be than take profit at 1.03887 if the bullish movement start than stop loss would be at the level 1.04127.

 

[candle7779]

USDCAD:
Due to technical analysis using ichimoku clouds and time frames H1 and D1 mo forecast for today is the next. I am going to set an order to SELL and the bearish movement to my mind will be than take profit at 1.01643 if the bullish movement start than stop loss would be at the level 1.01317.

 

[bhanu545]

Strategy of the day on GBP/USD 2013-04-04

The spot rate is currently testing the intermediate resistance of its medium-term trading range at 1.5160 suggesting a decline. A break of this level will allow it to reach the upper limit of its channel at 1.5260. 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 trading range, we suggest 2 scenarios. The first one is the hypothesis of a decline where we recommend a sell on the level of 1.5160 with the 1st objective at 1.5100 and then at 1.5080. A breakthrough of 1.5180 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 1.5160 with the 1st objective at 1.5220 and then at 1.5240. A breakthrough of 1.5140 will invalidate this scenario.

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

 

[bhanu545]

EUR/USD strategy of the day 2013-04-04

The spot rate is currently testing the intermediate resistance of its medium-term bearish channel at 1.2860 suggesting a decline. A break of these levels will let it reach the upper limit of its channel at 1.2920. Technical indicators do not provide clear signals, but, as long as 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. The spot rate is currently testing the intermediate resistance of its channel, then we recommend 2 scenarios: The first one is the hypothesis of a decline, then we recommend a sell at the level of 1.2860 with the 1st objective at 1.2800 and then at 1.2780. A break through 1.2880 will invalidate this scenario. The second scenario is a break of its resistance, then we recommend a buy stop, which means to buy the spot rate as soon as it has broken through its resistance of 1.2860 with the 1st objective at 1.2920 and then at 1.2940. A break through 1.2840 will invalidate this scenario.

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

 

[candle7779]

AUDUSD:
Today it is good idea to open long position if the price breaks the line 1.03975 and take profit due to ichimoku clouds will be 1.03909. Have a perfect Friday.

 

[candle7779]

USDCAD:
My forecast for today is to open long position if the price breaks the 1.02191 (senkou span B) and take profit due to ichimoku clouds will be 1.02854. Have a profitable Friday.

 

[candle7779]

USDJPY:
For this pair course for today is to BUY and target is the 101.680 if the price begins downtrend than stop loss 92.865.

 

[bhanu545]

EUR/USD - buy above 1.2820 - for April 05, 2013

Yesterday the euro managed to recover positions after it was under the downward pressure that led the U.S. dollar to 1.2730 level, finding strong support in the daily fractal. However, at the end of the day it closed above the 200 day moving average periods (blue) which increases the probability of an upward movement of the pair, for the next few days. Looking at this chart, you can see a bullish channel. You can also note that the euro is likely to try to break this downward channel. But we think it will only be a chance to buy the pair at low price. However, it will be difficult for the euro to remain bullish, because it is on the way up to 1.3250, with much resistance as the daily Fractal 1.3004 psychological level. Therefore, we recommend to operate this pair after the U.S. Non-Farm Payrolls released, as the pair will be very volatile and may be detrimental to your account in the chart below we trace the points of entry for today's session.

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

 

[bhanu545]

GBP/USD - strong resistance 1.5278 - for April 05, 2013

Yesterday the British pound managed to recover from the downward pressure that led it until support levels of short-term bullish channel. This pair has a strong resistance in the 1.5278 area, daily fractal level. If you look at the chart, this pair is still below the long-term bearish channel. Therefore, it will be hard to overcome this level, so we believe that there must be a new sequence bearish for the next few hours. Therefore, any price approach to 1.5278 resistance will be an opportunity to sell the pair with targets at 1.5064 support.

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

 

[bhanu545]

Strategy of the day on GBP/USD 2013-04-08

The spot rate is currently testing the upper limit of its medium-term bullish channel at 1.5380 suggesting a decline. However, a break of this level will initiate a more violent bullish channel. Technical indicators provide sell signals and 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 increase these days. Stabilization is expected in the short term. The spot rate is currently testing the upper limit 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 1.5380 with the 1st objective at 1.5320 and then at 1.5300. A breakthrough of 1.5400 will invalidate this scenario. The second scenario is a break of its resistance then we recommend a “buy stop” which means to buy the spot rate as soon as it is broken through its resistance of 1.5380 with the 1st objective at 1.5440 and then at 1.5460. A breakthrough of 1.5360 will invalidate this scenario.

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

 

[bhanu545]

Strategy of the day on EUR/USD 2013-04-08

The spot rate is currently testing the upper limit of its medium-term bearish channel at 1.3040 suggesting a decline. However, a break of this level will initiate a violent bullish channel. Technical indicators provide sell signals and 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 increase these days. Stabilization is expected in the short term. The spot rate is currently testing the upper limit 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 1.3040 with the 1st objective at 1.2980 and then at 1.2960. A breakthrough of 1.3060 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 1.3040 with the 1st objective at 1.3100 and then at 1.3120. A breakthrough of 1.3020 will invalidate this scenario.

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

 

[candle7779]

GBPUSD:
BUY
If the price breaks through the level 1.53610 bullish movement will start. Targets of the bullish movement: 1.54286, 1.54955.
SELL
If the price breaks through the 1.52427 bearish movement will start. Targets of the bearish movement: 1.51848.

 

[candle7779]

AUDUSD:
BUY
If the price breaks through the level 1.04750 bullish movement will start. Targets of the bullish movement: 1.04891.
SELL
If the price breaks through the level 1.03501 bearish movement will start. Targets of the bearish movement: 1.03084, 1.02640.