GBP/USD Intraday Technical Analysis for November 30, 2011.

Technical analysis

Mourad El Keddani

Pivot Point: 1.5573.

GBP/USD:

• Resistance: 1.5660. (Sell below this level).
• Support: 1.5335. (Buy above this level).
  

According to previous events, the price has still been trapped between 1.5520 and 1.5420 so it is of the wisdom to be careful at this range area of 100 pips. Therefore first step is wait for a period of tight sideway range market before breakouts. Then, it will probably that the market is going to start showing the signs of bullish market. In other words, it will be a good sign to buy above the supports with a first target of 80 pips and it'll climb towards the first resistance. However, If the the pair could not break this resistance, hence the market will indicate a bearish opportunity below 1.5660 then the level will be act really as strong resistance, for that it will a good sign to sell below 1.5660 with a first target of 1.55 and it will call for downtrend in order to continue bearish towards 1.5369.

Intraday Technical levels ((30^th of November 2011)):

R3:1.5864
R2:1.5760
R1:1.5677
PP:1.5573
S1:1.5490
S2:1.5386
S3:1.5303

Definition (s):

Range I – A long-term mean reversion strategy that looks to go against strong divergence from the pair’s average value. It will typically hold trades for an extended period of time and is one of the slower moving trading strategies.

Range II– Like Breakout 2, uses sentiment as a filter for its trades. It will use a simple oscillator range trading strategy but only take the trading signals if SSI is not at extremes. It is fairly short-term in nature and will tend to trade very little during times of strong trending moves. It is likewise one of the most volatility-sensitive trading systems and will tend to do poorly during times of sharp currency moves.

Observation (s):

Please check out the market volatility before investing, because the sight price may have already been reached and scenarios become invalidate.
Stop Loss should NEVER exceed your maximum exposure amounts.

http://instaforex.com/forex_analysis/44980/?x=OUE 

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Current best pair for trading, Eur/USD 2011-11-29

Technical analysis

Muzammil Hussain Bhatti

Overview: After yesterday’s high of 1.3399, the pair could not break the resistance level of 13412, and that followed a short term downward trend to 1.3285. Today however there's been an upward push and the pair has already broken the resistance at 1.3412, and if the short term bullish trend persists the next target will be 13480/1351.If there is a downward trend again the we can see it touching 1.3266.

Recommendation: If you are in sell you can close your positions in between 1.3322 level and 1.3282 and the same range is suitable for buying as well.
If you are in buying then the suitable level range will be from 1.3388 to 1.3436 and this range is almost same for selling as well.

Trends:Near Term: Upward
Short Term: Downward
Medium Term: Sideways

Warning: Analysis and technical levels are provided only for the educational and informative purposes. Please also check fundamental analysis before opening every single position. Keep yourself away from the market if market is volatile. Always try to open positions with good price level. Remember Forex is like fishing not like hunting.

Money Management Warning: Never use more than 2 or 3% of your equity in each trade:
For Example 2% of 1000 USD is 20$ and if your stop is 50 pips then your lot size will be calculated as 20$/50 = 0.4 of insta lot which means it will be about 40 cents and similarly if your stop level is 100 pips than lot size will be calculated as follow 20$/100 = 0.2 Insta lots it will be about 20 cents.

http://instaforex.com/forex_analysis/44908/?x=OUE

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EUR/USD: Weekly Technical Levels for November 28th -- December 2nd, 2011.

Technical analysis

Mourad El Keddani

Weekly Technical Levels:

Tip (s):

R3 and S3 are good indication for the maximum range for extremely volatile days but can be exceeded occasionally.

Pivot lines work well in sideways markets as prices will most likely range between the R1 and S1 line.

In a strong trend, price will be low through a pivot point line and keep going.

If there is significant news to influence the market price may go straight through R1 or S1 and reach even R2 & R3 or S2 & S3.

Time Frame: H1.

Drag your Fibonacci retracement levels from the lower to the higher of the last week (It has 120 candles, as you know each candle is formed in 1 hour on H1 chart, then: (120 candles * 1 hour) / 24 hours = 5 days from 21^st to 25^th of November, 2011) in order to determine low and high price.

Average = (Higher - Lower) / 2
Average = 1.3390

• Range was: 356 pips.
• The value of 50% Fibonacci retracement levels is: 1.3390.
• 1.3149 will be formed a strong support.
• 1.3568 will be formed a strong resistance.
• Volatility is 476.70 so the market has called for a high volatile.
• It should be noted that the price has still been trapped between 1.357 and 1.32.
  

  Observation (s):

  • If the strength of the trend for pair is an uptrend, then the strength of the currency: EUR is an uptrend and USD is a downtrend.
  • Most of traders use the Fibonacci retracement to determine accurate psychology level of support and resistance.
  • Volatility Formulas: Variation = Average * (Higher - Lower).
    
    http://instaforex.com/forex_analysis/44702/?x=OUE

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AUD/USD wave analysis for November 25, 2011

Wave analysis

Denis Strelkov

AUD/USD currency pair is moving in the C wave of the 6th order from 1.0343. Within it an impulse subwave C of the 4th order from 1.0106 is also developing. Within the latter there are subwaves A and B of the 3rd order; C subwave is developing from 0.9898. The downside targets are calculated by extension grids 1.0752-1.0051-1.0343, 1.0343-0.9964-1.0106, 1.0106-0.9808-0.9898, 0.9898-0.9663-0.9785.

Nearest resistances:
- 0.9642-40 = gathering of levels - extensions 61.8% � 100%
- 0.9600 = 100%
- 0.9550 = 100%
- 0.9493 = 161.8%

At the moment the upside targets are provided by the Fibonacci correction grid 1.0106-0.9663.

Nearest supports:
- 0.9832 = 38.2%
- 0.9885 = 50%
- 0.9937 = 61.8%

Trades trend - SELL.

Wave levels (annotation):
1st order (the lowest) – a dashed line;
2nd and 3rd order and higher – line width 1, 2, …, etc.
The same is applied to the Fibonacci grids.

http://instaforex.com/forex_analysis/44634/?x=OUE 

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GBP/JPY Elliott wave count and Fibonacci levels for November 24, 2011

Wave analysis

Roman Molodiashin

GBP/JPY is developing wave A (colored light green in the chart) of medium term downtrend from 127.25. Within this wave there are three subwaves (colored royal blue in the chart), and impulse subwave С is still developing from 125.63. Within the latter there are five subwaves (colored magenta in the chart) with impulse subwave 5 developing from 124.22. The wave from 124.22 also has five subwaves (colored red in the chart), with subwave 5 still developing from 121.70. The targets below are Fibonacci expansions off 127.25-123.85-125.63, 125.63-122.90-124.22, 124.22-120.82-121.70, 121.70-119.97-120.87, 120.87-119.77-120.37.

Supports:

- 119.60 = contracted objective point (COP)
- 119.27 = objective point (OP)
- 119.14 = OP
- 118.59 = expanded objective point (XOP)
- 118.30 = OP
- 118.07 = XOP

If the price reverses to the upside the immediate resistances will be Fibonacci retracements of the wave down from 121.70 - this wave is not developed, so no resistances area available so far.

Overbought/Oversold

Assuming that the major wave is now down it's preferable to try short positions when the Detrended Oscillator gets above the zero level (current prices) or into the overbought area (10-25 pips above the current prices).

http://instaforex.com/forex_analysis/44530/?x=OUE 

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GBP/USD: Intraday Technical Analysis for November 23, 2011.

Technical analysis

Mohamed Samy

 

Pivot Point: 1.5637.

Time Frame: H4.

Overview:

The GBP/USD broke the support at 1.5700 and turned back to resistance last yesterday. Therefore the pair has already formed a strong resistance at 1.5700 on H4 chart (Red Horizontal Line), Aswell after breaking 23.6% from top to bottom and start signing for bearish market on this level, it should be noted that the price has been set above 23.6% of Fibonacci retracement levels and the price couldn't close below the resistance yesterday 22^nd of November 2011. Futhermore, the RSI (RSI (21) 42.09) has still not positive on the daily frame, so it calls for a new downward. Then, according to previous events, the pair has still been trapped between 1.5702 and 1.5580. For that it is a good sign to sell below 1.5700 with a first target of 1.5590, and continue towards 1.5350 (It also should be noted that a strong support: 1.5350). Meanwhile, if the price could will be able to break the resistance (1.5740) and closure above it on H4, then it will also a good sign to buy as breakout  at 1.5720 with a target of 1.5897 (61.8% of Fibonacci retracement levels).

Intraday Technical Levels:

R3:1.5803
R2:1.5747
R1:1.5693
PP:1.5637
S1:1.5583
S2:1.5527
S3:1.5473

Observation (s):

Please check out the market volatility before investing, because the sight price may have already been reached and scenarios become invalidate.
First key level at 1.57.
Second key level at 1.535.

Warning (s):

Stop Loss should NEVER exceed your maximum exposure amounts.
Risk to reward ratios are important and should be calculated.

Example 1:
A risk reward ratio of 1:1.5 is recommended:
Risk: 30 pips must make a profit of 45 pips.
30 pips * 1:1.5 = 45 pips.
Example 2:
A risk reward ratio of 1:1.5 is recommended:
Risk: 45 pips must make a profit of 60 pips.
45 pips * 1:1.5 = 60 pips.

http://instaforex.com/forex_analysis/44410/?x=OUE

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EUR/JPY: Technical analysis for November 22nd -- 24th, 2011.

Technical analysis

Mourad El Keddani

Overview:

EUR/JPY's subsequent sharp fall suggests that decline from 106.55 a week ago and had resumed to 103.40 (Strong support). It should be noted that the price has still been trapped between 104.70 -- 103.30 and the price has been set below strong resistance at the levels of 104.70. Aswell it is noting that these levels are coinciding between 32.8% of Fibonacci retracement levels on H4 chart and the pair has already formed a strong resistance at this level of 104.70 and it is now approaching from it in order to test it. Therefore Japan Yen will be a downside momentum is rather convincing and the structure of the fall looks is not corrective, in order to indicate a bearish opportunity below 104.70 (You should be noted that the weekly pivot point at 104.70) for that it will a good sign to sell below 104.70 with a first target of 103.30 and it will call for downtrend in order to continue bearish towards 101.92 (11% of Fibonacci retracement levels on H4 chart).
Furthermore, it also have to note that the price at 100.75 will be possible formed double bottom and call for a strong support. So it will be saturation around 100.75/101.00 to rebound the pair, aswell it will probably that the market is going to start showing the signs of bullish market. In other words, it will be a good sign to buy above 100.75 with a first target of 102.00 and continue towards 104.50.

Weekly Pivot Point: 104.70

Weekly Technical Levels for November 21^st -- 25^th, 2011:

http://instaforex.com/forex_analysis/44314/?x=OUE

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GBP/USD Weekly Technical Analysis Report for November 21, 2011

Forecast

Gerardo Porras

On the weekly chart, we can see obviously that GBP/USD currency pair has broken a long-term up trend-line in June 2011 with successful retesting in August.
Since then, Technically the pair is in a downtrend as it's making lower lows & highs as marked on the chart.
Last week we had 1.5855 acting as a temporary support which got broken initially targetting 1.5605.

Here on the daily chart, we see a major swing down from 1.6616 down to 1.5271.
Since the pair has formed a typical bullish hammer at October 6, it has been moving up till it reached 61.8% fibonacci level.
It's important to note 1.6110 is a major key-level for the pair as it's 61.8% Fibonacci level & a distinct previous low.
We can obviously see the two or three successful testing for this level marked on the chart.
Last week we had breakout of the previous range 1.6130-1.5865 to the downside, which we suggested a short entry at the retest of its lower limit.
Area 1.5640-1.5525 is important to watch this week as it's a good DEMAND zone.
Bullish reaction towards it indicates bullish retracement while its break will lead to another decline in prices.

The pair is trending down inside a bearish channel since it broke the consolidation zone 1.6130-1.5865.
It's important to watch 1.5615 which is 61.8% Fibonacci level of the last swing up 1.5270-1.6165. as its break will open the way down to 1.5510.
Our suggested short position at 1.5865 has hit all of its TP levels today.

http://instaforex.com/forex_analysis/44300/?x=OUE

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GBP/USD: Tight Sideway Range. 2011-11-18

Technical analysis

Mourad El Keddani

 

Pivot Point: 1.5752.

GBP/USD:

• Resistance: 1.5899. (Sell below this level).
• Support: 1.5613. (Buy above this level).
  

It should be noted that the market was not stable and trend was not also so clear (It was tight sideway range), aswell according to previous events, the price has still been trapped between 1.5899 and 1.5613 so it is of the wisdom to be careful at this area. Therefore first step is wait for a period of tight sideway range market before breakouts. Then, it will probably that the market is going to start showing the signs of bullish market. In other words, it will be a good sign to buy above 1.5613 with a first target of 1.5718 and it'll climb towards 1.59. However, If the the pair could not break 1.59, hence the market will indicate a bearish opportunity below 1.59 then the level will be act really as strong resistance, for that it will a good sign to sell below 1.59 with a first target of 1.57 and it will call for downtrend in order to continue bearish towards 1.5613 (38.2% Fibonacci retracement levels).

Intraday Technical levels ((18^th of November 2011)):

R3:1.5937
R2:1.5874
R1:1.5815
PP:1.5752
S1:1.5693
S2:1.5630
S3:1.5571

Definition (s):

Range I – A long-term mean reversion strategy that looks to go against strong divergence from the pair’s average value. It will typically hold trades for an extended period of time and is one of the slower moving trading strategies.
Range II– Like Breakout 2, uses sentiment as a filter for its trades. It will use a simple oscillator range trading strategy but only take the trading signals if SSI is not at extremes. It is fairly short-term in nature and will tend to trade very little during times of strong trending moves. It is likewise one of the most volatility-sensitive trading systems and will tend to do poorly during times of sharp currency moves.

Observation (s):

Please check out the market volatility before investing, because the sight price may have already been reached and scenarios become invalidate.
Stop Loss should NEVER exceed your maximum exposure amounts.

http://instaforex.com/forex_analysis/44094/?x=OUE

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AUD/USD: Technical Analysis and Trading Recommendations for November 17th -- 18th, 2011.

Technical analysis

Mourad El Keddani

 

Pivot Point: 1.0107.

Intraday Technical levels ((17^th of November 2011)):

R3:1.0274
R2:1.0228
R1:1.0153
PP:1.0107
S1:1.0032
S2:0.9986
S3:0.9911

Overview:

AUD/USD's turbulent rise from 1.0075 has extended further to as high as 1.0752 three weeks ago, and it closed at 1.0079 yesterday, the price has placed above 38.2% of Fibonacci retracement levels five weeks ago. Aswell it should be noted that the price had formed a strong support at 0.9975. Futhermore, this strong level has still been trapped between 50% of Fibonacci retracement levels and 38.2% on H4 chart. hence it is probably that the market will start showing the signs of bullish market again in order to indicate a bullish opportunity on level of 0.9975 with a first target of 1.0150, and continues towards 1.0220. Meanwhile; the bulls were forced to pullback below the level of 0.9975, therefore this level will be formed a strong resistance in order to indicate a bearish opportunity below the resistance, so it will a good sign to sell below 38.2% of Fibonacci retracement level with a target at 0.9820 and it might resume to 0.9710 (Take profit at 23.8% of Fibonacci).

Trading Recommendations:

According to previous events, the price has still been trapped between 50% of Fibonacci retracement levels and 32.8%.

• Buy above 0.9975 with a first target of 1.0150, and continues towards 1.0220.
• Sell below 0.9900 (H4 chart), it will call for downtrend in order to continue bearish towards 0.9710

Observation (s):

• Please check out the market volatility before investing, because the sight price may have already been reached and scenarios become invalidate.
• Key level at 38.2% Fibonacci retracement levels (0.9908).
• Strong Support: 0.99.
• Strong Resistance: 1.023.

http://instaforex.com/forex_analysis/43986/?x=OUE

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GBP/USD Intraday Technical Analysis for November 16, 2011

Technical analysis

Mohamed Samy

Here on the GBP/USD daily chart, we see a major swing down from 1.6616 down to 1.5271.
Since the pair has formed a typical bullish hammer at October 6, it has been moving up till it reached 61.8% fibonacci level.
It's important to note 1.6110 is a major key-level for the pair as it's 61.8% Fibonacci level & a distinct previous low.
We can obviously see the three successful testing for this level marked on the chart including Monday's bearish engulfing daily candlestick.
Now the pair has two important support levels on its way which need to be broken to make sure that the bullish retracement is over.
Those two levels are 1.5945 (50% Fibonacci level) & 1.5860 (lower limit of the current congestion zone & the neck-line for a possible double-top reversal pattern) which was broken with Yesterday's daily candlestick.
This double top was confirmed when the pair managed to stabilize below 1.5860 targetting 1.5645 & will be considered a failure if the pair manages to stabilize above 1.6150.
Retesting of the neck-line will be a good SHORT entry too if happens before hiting the final target for the double top pattern.

http://instaforex.com/forex_analysis/43955/?x=OUE

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EUR/USD Intraday Technical Analysis 2011-11-15

Technical analysis

Denis Strelkov

Overview: The pair is loosing the gains of Friday and may return to 1.3485 level, its Nov 10 2011 low. The pair seems bearish and may slide towards lows or 1.3346 and ultimately 1.3144, its Oct 2011 low. On the bullish side, pair will have to break and hold above 1.3906 level, Overall however, the pair is bearish and holding below 1.3604 level and there is pressure towards 1.3485.
Recommendation: If you are in sell you can close your positions in between 1.3506 level and 1.3440 and the same range is suitable for buying as well
If you are in buying then the suitable level’s range will be from 1.3709 to 1.3765 and this range is almost same for selling as well.
Warning: Analysis and technical levels are provided only for the educational and informative purposes. Please also check fundamental analysis before opening every single position. Keep yourself away from the market if market is volatile. Always try to open positions with good price level. Remember Forex is like fishing not like hunting.
Money Management Warning: Never use more than 2 or 3% of your equity in each trade:
For Example 2% of 1000 USD is 20$ and if your stop is 50 pips then your lot size will be calculated as 20$/50 = 0.4 of insta lot which means it will be about 40 cents and similarly if your stop level is 100 pips than lot size will be calculated as follow 20$/100 = 0.2 Insta lots it will be about 20 cents.

http://instaforex.com/forex_analysis/43864/?x=OUE

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GBP/USD: Tight Sideway Range. 2011-11-14

Technical analysis

Mourad El Keddani

 

Pivot Point: 1.6021.

GBP/USD:

• Resistance: 1.6200. (Sell below this level).
• Support: 1.5865. (Buy above this level).
  

It should be noted that the market was not stable and trend was not also so clear (It was tight sideway range), aswell according to previous events, the price has still been trapped between 1.6200 and 1.5865 so it is of the wisdom to be careful at this area. Therefore first step is wait for a period of tight sideway range market before breakouts. Then, it will probably that the market is going to start showing the signs of bullish market. In other words, it will be a good sign to buy above 1.5865 with a first target of 1.6145 and it'll climb towards 1.6200. However, If the the pair could not break 1.6200, hence the market will indicate a bearish opportunity below 1.6200 then the level will be act really as strong resistance, for that it will a good sign to sell below 1.6200 with a first target of 1.6150 and it will call for downtrend in order to continue bearish towards 1.6021 (Pivot point).

Intraday Technical levels ((14^th of November 2011)):

R3:1.6345
R2:1.6218
R1:1.6148
PP:1.6021
S1:1.5951
S2:1.5824
S3:1.5754

Definition (s):

Range I – A long-term mean reversion strategy that looks to go against strong divergence from the pair’s average value. It will typically hold trades for an extended period of time and is one of the slower moving trading strategies.
Range II– Like Breakout 2, uses sentiment as a filter for its trades. It will use a simple oscillator range trading strategy but only take the trading signals if SSI is not at extremes. It is fairly short-term in nature and will tend to trade very little during times of strong trending moves. It is likewise one of the most volatility-sensitive trading systems and will tend to do poorly during times of sharp currency moves.

Observation (s):

Please check out the market volatility before investing, because the sight price may have already been reached and scenarios become invalidate.
Stop Loss should NEVER exceed your maximum exposure amounts.

http://instaforex.com/forex_analysis/43678/?x=OUE

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EUR/USD Intraday Technical Level For November 11st / 2011

Technical analysis

Arief Makmur

TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.3676.
Strong Resistance : 1.3667.
Original Resistance : 1.3655.
Inner Sell Area : 1.3642.
Target Inner Area : 1.3609.
Inner Buy Area : 1.3576.
Original Support : 1.3564.
Strong Support : 1.3551.
Breakout SELL Level : 1.3542.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3564 and 1.3655 is accompanied by a strong support at 1.3551 and 1.3667 for the strong resistance; If today the EUR/USD can break out and close below the 1.3542 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.3676 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3576 and 1.3642 for SELL position in which case both targets are located at the 1.3609 level.
http://instaforex.com/forex_analysis/43578/?x=OUE 

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