Technical analysis on EU,GU and major pairs

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johny5

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EUR/USD Weekly Analysis for July 03, 2012


The Euro - Dollar pair, is highly affected by the decisions taken by the EU, as a result the markets get excited for a while and then probably sell tendency can be seen again.
This week after the ECB meeting the market will be expecting some kind of flexibility. Of course, this could be a shock announcement, but the reality is that the EU governments realize they came to a deadlock at this point. In other words, markets are getting bored with their actions and are willing to punish them if no action is taken concerning sovereign debts.
In the weekly analysis, we noticed an uptrend channel which return to the support could be a buying opportunity, with targets up to 1.2840.
Moreover, a breakdown of this figure could have a bearish impact and the euro could quote around 1.21.
The range indicator is showing medium-term bullish signal.

Performed by Gerardo Porras, Analytical expert
 

johny5

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GBP/USD Intraday Technical Analysis and Trading Recommendations for July 3, 2012


On Friday the GBP/USD pair expressed massive bullish reaction towards the lower limit of the Yellow channel around 1.5490 making a quick bullish movement of about 230 pips then reaching the upper limit of the Violet channel around 1.5705 and exceeding the Average Daily Range by about 85 pips.
Because of this strong bullish movement, a fresh bullish trend is thought to be started. However, today at earlier hours GBP/USD managed to break through the lower limit of this Violet channel which indicates a coming bearish retracement before further continuation of the uptrend.
The lower limit of the Yellow channel is being tested now around price level 1.5660 which should be broken in order to make bearish retracement targeting 1.5605. However, if GBP/USD fails to break the lower support level, it will push the pair quickly to the upside towards 1.5745 and then 1.5777.
The GBP/USD pair needs to break through the Resistance level 1.5720 (the upper limit of the Violet channel) in order to resume its bullish direction towards 1.5745 and then 1.5777.
Price level 1.5600 is expected to act as a strong Intraday Support Level for the GBP/USD pair because it corresponds to the Average Daily Range for today where price action should be watched for a possible buy entry resuming the uptrend initiated last week.

Performed by Mohamed Samy, Analytical expert
 

johny5

Well-Known Member
EUR/USD Bearish Outlook for July 04, 2012

The fact that the euro has not broken through the 1.2415 level, proves that some operators find this level quite attractive for gaining the profit. However, if we examine this situation more carefully, we can find another explanation.
The "solution" that Europe made last week is not full of details and can come into force at any time.
It seems that the solution was made because of the fear that markets are to act accordingly.
According to technical analysis, we noticed that the pair is experiencing a downward pressure, given that the volatility is low, it is likely to negotiate between 1.2590 and 1.2515 range, therefore, we recommend selling below 1.2593 Fractal 4 hours, a break below the moving average of 200 periods may cause a fall to 1.2515.
The MACD indicator is displaying a bearish signal.

Performed by Gerardo Porras, Analytical expert
 

johny5

Well-Known Member
GBP/USD Around weekly Pivot Point - For July 04, 2012

The pound is trading in the narrow range of 1.5720 and 1.5630, due to speculation that the central banks (BoE, the ECB) are expected to take measures to stimulate the global recovery.
Situation with Spanish bonds will have a great affect on the market.
The pound is likely to oscillate between these levels. In case of breakdown of the weekly pivot below 1.5630, we can enter selling to 1.5553 support. Moreover, if there is a rebound in the weekly pivot, we can buy above 1.5640 with targets up to 1.5710.
The MACD indicator is in neutral zone.

Performed by Gerardo Porras, Analytical expert
 

johny5

Well-Known Member
EUR/USD Weekly Analysis For July 05, 2012 (Weekly Strategy)

The Euro-Dollar pair has a strong level of support as part of the weekly fractal 1.2385, this level is important in defining the trend in the coming months. If this level is breaches and the market closes the week below 1.2384, it will mean that the euro can reach 1.20.
On the other hand, a weekly close above this level increases the likelihood of upward sequence to our target of 1.2890.
Today and tomorrow, we would expect that the market is too volatile for this currency pair. Given that, it is interesting to see, what kind of reaction at the end of the week will be.
We should remember that the announcement about nonfarm payroll out on Friday can affect this pair as well.

Performed by Gerardo Porras, Analytical expert
 

johny5

Well-Known Member
GBP/USD Buy Rebound Above 1.5480 - For July 05, 2012 (Daily Strategy)

GBP/USD fell during both Wednesdays and todays sessions due to the BoEs decision on the monetary policy and the uncertainty that comes after the announcement.
Right now it is approaching the weekly fractal which is located at 1.5386. It is a very strong indicator aswe could observe support and resistance last week. So this is a key level because here the pair found a strong rebound. Therefore, market expects the return to the maximum level of consolidation at 1.5720.
I find this pair as a binary trade, which shows a consolidation between these levels: we can buy above 1.5480 and sell below 1.5750.
The MACD indicator is showing signs of oversold.

Performed by Gerardo Porras, Analytical expert
 

johny5

Well-Known Member
EUR/USD Intraday Technical Analysis 2012-07-06


The spot rate is currently testing the lower limit of its medium term bearish channel at 1.2360 and seems to initiate a decline. However, a break through these levels will release good potential and initiate a more violent bearish trend.

Technical indicators provide buy-signals and approaching to oversell zone supporting the assumption of a rebound. Bollinger bands are much discarded as a result of a strong decline these days. Stabilization is expected in a short term.

According to previous events the market will provide a bullish opportunity at the level of 1.2360 with the 1st objective at 1.2420 and then at 1.2440. A break through 1.2340 will alter this scenario.

Performed by Albert Fitoussi, Analytical expert
 

johny5

Well-Known Member
GBP/USD Intraday Technical Analysis and Trading Recommendations for July 6, 2012


The Linear Regression Channels illustrate a strong bearish movement expressed by GBP/USD during this week as the pair has been trending down heavily within the depicted bearish Violet, Blue & Yellow channels which are almost identical.
This heavy bearish movement came as a consequence of the previous massive bullish movement expressed on Friday which exceeded the Average Daily Range by about 85 pips and after formation of the Head & Shoulders reversal pattern around price level of 1.5700.
Today it is possible to observe some signs of bullish recovery as the pair couldn't break through the mid-line of the Yellow channel failing to make a lower low. Instead, the pair found Intraday Support around 1.5500 which renders the price level of 1.5500 and valid BUY entry with minimal SL located below 1.5465 while TP levels are to be located at 1.5540 then 1.5570.
Price Zone 1.5570-1.5580 should be watched for price action as it's considered as a strong Intraday Resistance Zone for the GBP/USD pair.

Performed by Mohamed Samy, Analytical expert
 

DanPickUp

Well-Known Member
Re: EUR/USD Intraday Technical Analysis 2012-07-06


The spot rate is currently testing the lower limit of its medium term bearish channel at 1.2360 and seems to initiate a decline. However, a break through these levels will release good potential and initiate a more violent bearish trend.

Technical indicators provide buy-signals and approaching to oversell zone supporting the assumption of a rebound. Bollinger bands are much discarded as a result of a strong decline these days. Stabilization is expected in a short term.

According to previous events the market will provide a bullish opportunity at the level of 1.2360 with the 1st objective at 1.2420 and then at 1.2440. A break through 1.2340 will alter this scenario.

Performed by Albert Fitoussi, Analytical expert
Interesting as it matches many of our mind only with some differences. One of that is the momentum : That momentum is really playing around with us.

Now lets see.
 
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johny5

Well-Known Member
GBP/USD Intraday Technical Analysis 2012-07-09


The spot rate broke the intermediate support of its medium term bearish channel at 1.5500 leading to an acceleration. A pull back on these levels is expected before reach the lower limit of its channel to 1.5360.

Technical indicators do not provide clear signals but approaching oversell zone supporting the assumption of a pull back. Bollinger bands are much discarded as a result of a strong decline these days. Stabilization is expected in a short term.

According to previous events the market will provide a bearish opportunity at the level of 1.5500 with the 1st objective at 1.5440 and then at 1.5420. A break through 1.5520 will alter this scenario.

Performed by Albert Fitoussi, Analytical expert
 
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