Overview:
The euro is observing a buy signal with target level 1.3764, the Ichimoku cloud was successfully passed, which strengthened the current signal. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.3786 – the second resistance level. If this level is passed the second target will be the third resistance level at 1.3926. Upside movement remains while the price is above the Kijun-sen (1.3590), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuation of the upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement, if the indicator reverses down it will denote the beginning of a correction.
Trading recommendations:
Currently it is recommended to trade up with target at 1.3786 and further to 1.3926. Stop Loss should be placed below 1.3590. If the MACD reverses down it is recommended to cut long positions manually.
http://instaforex.com/forex_analysis/23583/?x=OUE
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Monday, February 21, 2011
Friday, February 18, 2011
The EUR/USD technical analysis and trading recommendations for February 18, 2011
Overview:
The euro price could not overcome the first support level 1.3449 and started a correction that transformed into forming of a new buy signal with target level 1.3764. The formed sell signal is weak and confirmed, since the Chinkou Span fixated above the price graph and the price is below the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.3843 – the second resistance level, but it is recommended to trade up only after the buy signal strengthens and proves, which implies the price fixating above the Ichimoku cloud. If this level is passed the second target will be the third resistance level at 1.3943. Upside movement remains while the price is above the Kijun-sen (1.3530), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the beginning of the upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement, if the indicator reverses down it will denote the beginning of a correction.
Trading recommendations:
Currently it is recommended to wait until the buy signal strengthens and proves and trade up with target at 1.3843 and further to 1.3530. Stop Loss should be placed above 1.3620. If the MACD reverses down it is recommended to cut long positions.
http://instaforex.com/forex_analysis/23483/?x=OUE
The euro price could not overcome the first support level 1.3449 and started a correction that transformed into forming of a new buy signal with target level 1.3764. The formed sell signal is weak and confirmed, since the Chinkou Span fixated above the price graph and the price is below the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.3843 – the second resistance level, but it is recommended to trade up only after the buy signal strengthens and proves, which implies the price fixating above the Ichimoku cloud. If this level is passed the second target will be the third resistance level at 1.3943. Upside movement remains while the price is above the Kijun-sen (1.3530), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the beginning of the upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement, if the indicator reverses down it will denote the beginning of a correction.
Trading recommendations:
Currently it is recommended to wait until the buy signal strengthens and proves and trade up with target at 1.3843 and further to 1.3530. Stop Loss should be placed above 1.3620. If the MACD reverses down it is recommended to cut long positions.
http://instaforex.com/forex_analysis/23483/?x=OUE
Thursday, February 17, 2011
The market manipulations analysis of the AUD/USD by Alexey Portnov for February 17, 2011
The aussie followed the second way on the graph - advance and testing of the supply zone. Market conjuncture has changed and now we see prevailing demand on the market. I cannot give any forecasts of advance until the supply zone is overcome. For a start I'm expecting a test of support levels for demand, if any, in this case we most probably see further advance in all aspects.
Trading recommendations:
http://instaforex.com/forex_analysis/23355/?x=OUE
Trading recommendations:
http://instaforex.com/forex_analysis/23355/?x=OUE
Wednesday, February 16, 2011
The market manipulations analysis of the AUD/USD by Alexey Portnov for February 16, 2011 2011-02-16
The aussie has declined to the forecasted targets. During the Asian session the price advanced a little amid a positive report of BHP Biliton Company. I suppose two ways of further development: either the prices continue to decline from the opening of the European session or after testing the supply zone near 1.0030-50.
http://instaforex.com/forex_analysis/23271/?x=OUE
http://instaforex.com/forex_analysis/23271/?x=OUE
Tuesday, February 15, 2011
EUR/USD Intraday Technical analysis 2011-02-15
The spot rate has bounced off the lower limit of its short term bearish channel at 1.3430 and approaches the upper limit of this one at 1.3530. A break of these levels would free up significant potential.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3530 with a 1st objective of 1.3620, then 1.3660. A break in 1.3510 would invalidate this scenario.
http://instaforex.com/forex_analysis/23199/?x=OUE
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3530 with a 1st objective of 1.3620, then 1.3660. A break in 1.3510 would invalidate this scenario.
http://instaforex.com/forex_analysis/23199/?x=OUE
Monday, February 14, 2011
GBP/USD Intraday Technical analysis 2011-02-14
The spot rate approaches its medium-term intermeditate resistance bearish channel at 1.6110. A break of these levels would reach the upper limit of this one to 1.6190.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6110 with a 1st objective of 1.6190, then 1.6230. A break in 1.6090 would invalidate this scenario.
http://instaforex.com/forex_analysis/23129/?x=OUE
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6110 with a 1st objective of 1.6190, then 1.6230. A break in 1.6090 would invalidate this scenario.
http://instaforex.com/forex_analysis/23129/?x=OUE
The EUR/USD technical analysis and trading recommendations for February 14, 2011 2011-02-14
Overview:
The euro has formed a new sell signal, upside movement did not develop, so at the moment downside movement is preferable. The formed sell signal is strong and confirmed, since the Chinkou Span fixated below the price graph and the price is below the Ichimoku cloud. Thus, at the moment the first target for the downside movement is 1.3449 – the first support level. If this level is passed the second target will be the second support level at 1.3349. Downside movement remains while the price is below the Kijun-sen (1.3620), if the price fixates above this line it is recommended to cut short positions. The Chinkou Span is below the price graph, which confirms the current sell signal and indicates bearish sentiment. The Bollinger bands show the beginning of the downside movement, the lines are diverging and directed down. The MACD is ascending, which indicates current correction movement, thus it is recommended to resume trading down after it reverses down.
Trading recommendations:
Currently it is recommended to trade down with target at 1.3449 and further to 1.3349. Stop Loss should be placed above 1.3620. Enter the market with short positions after the MACD reverses down.
http://instaforex.com/forex_analysis/23151/?x=OUE
The euro has formed a new sell signal, upside movement did not develop, so at the moment downside movement is preferable. The formed sell signal is strong and confirmed, since the Chinkou Span fixated below the price graph and the price is below the Ichimoku cloud. Thus, at the moment the first target for the downside movement is 1.3449 – the first support level. If this level is passed the second target will be the second support level at 1.3349. Downside movement remains while the price is below the Kijun-sen (1.3620), if the price fixates above this line it is recommended to cut short positions. The Chinkou Span is below the price graph, which confirms the current sell signal and indicates bearish sentiment. The Bollinger bands show the beginning of the downside movement, the lines are diverging and directed down. The MACD is ascending, which indicates current correction movement, thus it is recommended to resume trading down after it reverses down.
Trading recommendations:
Currently it is recommended to trade down with target at 1.3449 and further to 1.3349. Stop Loss should be placed above 1.3620. Enter the market with short positions after the MACD reverses down.
http://instaforex.com/forex_analysis/23151/?x=OUE
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