GBP/USD Intraday Technical analysis 2011-09-15

Albert Fitoussi

Technical analysis




 The spot rate approaches the upper limit of its short-term bearish channel in 1.5810 suggesting a decline. However a break of these levels would allow it to initiate a new trend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5810 with a 1st objective of 1.5920, then 1.5950. A break in 1.5780 would invalidate this scenario.

http://instaforex.com/forex_analysis/38686/?x=OUE

EUR/USD wave analysis for September 14, 2011

Alexander Dneprovskiy

Wave analysis






Yesterday during the whole day the EUR/USD currency pair was trading between 1.3570 and 1.3730 levels. At the same time the formation of the expected 4th wave in the 3rd, or c, was continued. It should be mentioned that given the current inner wave structure of this 4th wave we might expect that its targets are located between 1.3750 and 1.3800. In the meantime, in case the euro finds enough power to continue the upside movement to higher price levels, the inner wave dimension of the 3rd wave, or c, will demand corresponding corrections.


http://instaforex.com/forex_analysis/38572/?x=OUE
www.tradebankerstyle.com

GBP/JPY Elliott wave count and Fibonacci levels for September 13, 2011

Roman Molodiashin

Wave analysis

GBP/JPY is developing impulse wave C (colored light green in the chart) of medium term downtrend from 127.31. Within this wave there are five subwaves (colored royal blue in the chart) with impulse subwave 5 still developing from 124.36.
The targets of the downmove are Fibonacci expansions off 130.81-123.27-127.31, 127.31-124.47-126.55, 126.55-123.04-124.36, 124.36-121.27-122.55.
Supports:
- 120.85 = objective point (OP)
- 120.64 = contracted objective point (COP)
- 119.77 = OP

If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 124.36-121.27.
Resistances:
- 122.45 = .382 retracement
- 122.82 = .50 ret
- 123.18 = .618 ret

Overbought/Oversold
Assuming that the major wave is down it's preferable to try short positions when the Detrended Oscillator gets above the zero level (20-25 pips above the current prices) or into the overbought area (50-60 pips above the current prices).
http://instaforex.com/forex_analysis/38444/?x=OUE

EUR/USD Intraday Technical Level For September 12nd / 2011

Arief Makmur

Technical analysis

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3648.
Strong Resistance : 1.3640.
Original Resistance : 1.3627.
Inner Sell Area : 1.3614.
Target Inner Area : 1.3581.
Inner Buy Area : 1.3973.
Original Support : 1.3535.
Strong Support : 1.3522.
Breakout SELL Level : 1.3514.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3535, and 1.3627 is accompanied by a strong support at 1.3522 and 1.3640 strong resistance; If today the EUR/USD can break out and close below the 1.3514 level then this indicates considerable Bearish  strength, while if the EUR/USD today can break out and close above the 1.3648 level then this indicates considerable Bullish strength . Alternatively you can trade in a way to open BUY position at the level of 1.3973 and 1.3614 SELL position in which case both  targets are at the 1.3581 level.
http://instaforex.com/forex_analysis/38288/?x=OUE

GBP/JPY Elliott wave count and Fibonacci levels for September 9, 2011

Roman Molodiashin

Wave analysis

GBP/JPY is developing impulse wave С (colored light green in the chart) of medium term downtrend from 127.31. Within this wave there are four subwaves (colored royal blue in the chart) with subwave 4 still developing from 123.04.
The targets of the upmove are Fibonacci retracements of 123.04-126.55, and expansions off 123.04-123.93-123.11, 123.11-124.36-123.60.
Resistances:
- 124.37-38 = confluence area of contracted objective point (COP) and .382 retracement
- 124.55 = expanded objective point (XOP)
- 124.80-85 = confluence area of .50 ret and objective point (OP)
- 125.21 = .618 ret
- 125.44 = super expanded objective point (SXOP)
- 125.62 = XOP
If the price continues the downtrend the immediate supports will be Fibonacci expansions off 130.81-123.27-127.31, 127.31-124.47-126.55, 126.55-123.04-124.36.
Supports:
- 122.65 = COP
- 122.19 = COP
- 121.95 = XOP

Overbought/Oversold
Assuming that the major wave is down it's preferable to try short positions when the Detrended Oscillator gets above the zero level (10-15 pips above the current prices) or into the overbought area (45-60 pips above the current prices).
http://instaforex.com/forex_analysis/38184/?x=OUE 

EUR/USD Intraday Technical analysis 2011-09-09

Albert Fitoussi

Technical analysis


The spot rate broke the intermediate support of its medium term bearish channel in 1.3960 suggesting an acceleration to the lower limit of its channel to 1.3710.
According to previous events, the market indicates a bearish opportunity on the levels of 1.3960 with a 1st objective of 1.3850, then 1.3820. A break in 1.3990 would invalidate this scenario.

http://instaforex.com/forex_analysis/38194/?x=OUE 

GBP/USD Intraday Technical Analysis September 8, 2011

Mohamed Samy

The GBP/USD is in a strong downside movement since it broke the bullish channel on August 30.
Yesterday We had a moderate bullish candlestick respecting the support level 1.5900 after breaking the previous support at 1.6100.
Thus we have a confirmed "Double TOP" on the daily chart with neck-line at 1.6100.
This double top has its target final target at 1.5740.
Now the downside movement seems to be temporarily limited by the support level 1.5900.
 
Based on the previous analysis and expectation, The best SELL areas are around 1.6100 ( broken neck-line ) and 1.6200-1.6250.
As we said above the final target for these short positions would be around 1.5740 with profit taking every 70 pips.
For the short term, long positions may be taken with small lot size to make use of the current retracement towards 1.6100 & SL break of 1.5900.


http://instaforex.com/forex_analysis/38144/?x=OUE