GBP/JPY Bullish Outlook May 18, 2011 (Daily Strategy)

GBP/JPY
Tepko, the power company operating the nuclear reactors in Fukushima, Japan reported last night that they expected to cool the reactors completely by October and meet the time table set for the rehabilitation and reconstruction of the damages caused by the nuclear disaster.
The move to positive sentiments in the financial markets should also support the British Pound Sterling - Japanese Yen pair that, for the most part, moves in positive coordination with the market.
Expect the price of the pair reaches the weekly resistance level around 1.3690 as our partial objective; and as our final goal, the level of 145.00 Japanese Yen to British Pound Sterling.
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USD/CHF wave analysis for May 17, 2011

In general, as expected, the USD/CHF currency pair could not resume the growth of the price that had declined by 1.5 figures from Friday’s highs during yesterday trading. At the same time, given the testing of the 88 figure level we might suppose that such decline is developing in relation with the uptrend section formed May 4-11. If so, there is a possibility that the pair would initiate a continuous horizontal correction.

http://instaforex.com/forex_analysis/28809/?x=OUE 
 

CRUDE OIL Bullish Outlook May 17, 2011 (Daily Strategy)

The oil price is consolidating between the levels of 96.50 to 99.80, so it has not yet defined exactly if it continued its downtrend in the short term, or retake its upward trend long term.

The first portion can by bought now and strengthened later by an additional portion in the event that the price of oil breaks through the nearby resistance rate at 99.80 dollars or close above the weekly pivot line. Exists another possibility that oil prices continue their downward sequence, therefore a rebound by the level of monthly support around 95.30 would be an attractive opportunity to buy long term.
The price of oil is expected to easily rise above the resistance level of 108,00 dollars and perhaps go even higher than that.

http://instaforex.com/forex_analysis/28833/?x=OUE  

GBP/USD. Weekly and Monthly Pivot Points, For May 16-20, 2011

_____WEEKLY____
Weekly - R3 = 1.6797
Weekly - R2 = 1.1657
Weekly - R1 = 1.6426
Weekly Pivot = 1.6286
Weekly - S1 = 1.6055
Weekly - S2 = 1.5915
Weekly - S3 = 1.5684

_____MONTHLY____
Monthly - R3 = 1.7749
Monthly - R2 = 1.7247
Monthly - R1 = 1.6977
Monthly Pivot = 1.6475
Monthly - S1 = 1.6205
Monthly - S2 = 1.5703
Monthly - S3 = 1.5433

http://instaforex.com/forex_analysis/28747/?x=OUE

EUR/USD Intraday Technical Support and Resistance Level For May 12nd / 2011

TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.4270.
Strong Resistance : 1.4262.
Original Resistance : 1.4248.
Inner Sell Area : 1.4234.
Target Inner Area : 1.4201.
Inner Buy Area : 1.4167.
Original Support : 1.4154.
Strong Support : 1.4140.
Breakout SELL Level : 1.4132.

SHORT DESCRIPTION :

Today the EUR/USD is to find Support and Resistance between 1.4154 and 1.4248 and  it has a strong Support at 1.4140 and a strong Resistance at 1.4262; if today the EUR/USD can break out and close below 1.4132, it will be a sign for Short trading for today; on the other hand, if  the pair can break out and close above 1.4270, it will be the sign for LONG trading for today. Another option for the advance trader can be trading between the Inner Buy Level at the 1.4167 for LONG trading and the Inner Sell Level at the 1.4234 for the SHORT trading, and all of them with the target at the 1.4201 level.


http://instaforex.com/forex_analysis/28493/?x=OUE  

EUR/USD Daily Outlook For May 11st / 2011

DAILY  OUTLOOK : 

It seems the EUR/USD will enter a sideways situation, this is indicated by the following facts :
(1) 5 Days periode Simple Moving Avarage (Red) is now in the middle of two other Moving Avarage (between the 20 Days -Blue and the 60 Days - Green).
(2) The May 9th / 2011 Daily Bar formed as the "Measuring Bar" for the next day bar including this day.
If until next Friday the EUR/USD closing price at the Daily charts is still between the range of those "Measuring Bars" (between 1.4254 to the 1.4441 levels) it will cause this pair to enter the Sideways situation. For today this pair is likely to test the support target at 1.4350, on the other hand, if the pair can break out the opening level at 1.4404; it will make the pair test the 3 days high level at 1.4441; however the downside momentum seems stronger, this is indicated by  by MACD  in the "Positive Sell" area (red: death cross below the 0 level).

http://instaforex.com/forex_analysis/28415/?x=OUE