AUD/USD Weekly and Monthly Pivot Points, For 19 - 23, December, 2011

Gerardo Porras

Forecast

The "pivot points" is a technique long applied by floor traders. The pivot points allow us to see objectively where the price in relation to how the price behaved in the past. In a nutshell is like a map that allows us to see the "feeling" of investors in the short and medium term.

The psychology behind this approach is simple. We know that for some reason, the market in previous sessions did not follow up or down at these levels. Do not know why we do not need to know. We only know the fact: the market shift in these levels.

Most importantly, this approach is that support and resistance levels are measured objectively, the price reversal above, then the odds indicate that at least those providing support or resistance levels.

The two tables provide the levels of weekly and monthly pivot. You can apply your strategy in the support or resistance levels.

_____WEEKLY_____
Weekly - R3 = 1.0521
Weekly - R2 = 1.0368
Weekly - R1 = 1.0167
Weekly Pivot = 1.0014
Weekly - S1 = 0.9813
Weekly - S2 = 0.9660
Weekly - S3 = 0.9459

_____MONTHLY____
Monthly - R3 = 1.1581
Monthly - R2 = 1.1073
Monthly - R1 = 1.0678
Monthly Pivot = 1.0170
Monthly - S1 = 0.9775
Monthly - S2 = 0.9267
Monthly - S3 = 0.8872

http://instaforex.com/forex_analysis/46307/?x=OUE

GBP/USD Intraday Technical Analysis & Trade Recommendation December 16, 2011

Technical analysis

Mohamed Samy

GBP/USD has a midterm bearish direction manifested in the direction of the yellow channel.

During Yesterday, GBP/USD was trending up inside a narrow bullish channel ( Violet).

Now the pair is testing the upper limit of the blue channel, in front of one of two scenarios:

1. The pair breaks the lower limit of the violet narrow channel trading below 1.5490 thus resuming its downtrend.

2. The pair manages to break the upper limit of the  yellow channel at 1.5550 targetting higher levels  inside the violet channel.

VIOLET CHANNEL represents Yesterday's movement.
BLUE CHANNEL represents the last 2 days' movement.
YELLOW CHANNEL represents the last 3 days' movement.

Based on the previous analysis

It's suggested to take a trade whenever Breakout of 1.5490-15550 takes place in the same direction of the break.

SL should be re-closure beyond the entry level in both scenarios.

TP should be 50-75 pips as this is an intraday trade.

http://instaforex.com/forex_analysis/13078/?x=OUE 

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GBP/USD: Tight Sideway Range. 2011-12-15

Technical analysis

Mourad El Keddani

 

Pivot Point: 1.5469.

GBP/USD:

• Resistance: 1.5525.
• Support: 1.5400.
  

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 1.55 and 1.54 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 open any position. 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 1.54 with a first target of 1.5469 and it'll climb towards 1.5525. However, If the the pair could not break 1.5525, hence the market will indicate a bearish opportunity below 1.5530 then the level will be act really as strong resistance, for that it will a good sign to sell below 1.5530 with a first target of 1.5469 (Pivot point) and it will call for downtrend in order to continue bearish towards 1.5407 (S1).

Intraday Technical levels ((15^th of December 2011)):

R3:1.5653
R2:1.5592
R1:1.5530
PP:1.5469
S1:1.5407
S2:1.5346
S3:1.5284

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/46071/?x=OUE

InstaForex

USD/CAD Technical Analysis and Trading Recommendations for December 14th -- 15th, 2011.

Technical analysis

Mourad El Keddani

Pivot Point: 1.0306.

Overview:

The market is going to continue to show signs of strength following at the level of 1.0040 (23.6% of Fibonacci retracement levels). Therefore the USD/CAD's resistance has broken and it was turned to support a month ago (1^st of September 2011), aswell the pair has already formed a strong support at the level of 1.0040. So the market indicates a bullish opportunity on level of 1.0080 with a first target of 1.0395 and continue towards 1.0480. However, If the trend couldn't break and closure above the level of 1.0512, then it will be a downside momentum is rather convincing and the structure of the fall looks is not corrective, for that the market will indicate a bearish opportunity at 1.0512 hence it will be a good sign to sell at this level in order to continue downward towards 1.0385 on H4.

Trading Recommendations:

According to previous events, the price has still been trapped between 1.0080 and 1.0512.

• Buy above 1.0080 with target at 1.04 then 1.048.
• Below 1.052 look for further downside with a target of 1.038.

Technical Levels:

R3:1.0497
R2:1.0423
R1:1.0380
PP:1.0306
S1:1.0263
S2:1.0189
S3:1.0146

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 1.0283.

History will probably repeat itself at this level again.

http://instaforex.com/forex_analysis/45930/?x=OUE

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GOLD Intraday Technical analysis 2011-12-13

Technical analysis

Albert Fitoussi

the gold is currently testing the intermediate support of its medium term bullish channel in 1650 suggesting a rebound. However a break of these levels would entail a return to the lower limit of this one to 1630.

According to previous events, the market indicates a bullish opportunity on the levels of 1650 with a 1st objective of 1660, then 1665. A break in 1648 would invalidate this scenario.
http://instaforex.com/forex_analysis/45786/?x=OUE

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GOLD Intraday Technical analysis 2011-12-12

Technical analysis

Albert Fitoussi

The gold is currently testing the lower limit of its medium term bearish channel in 1684 suggesting a rebound. However a break of these levels would entail a bearish channel more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 1684 with a 1st objective of 1695, then 1702. A break in 1681 would invalidate this scenario.

http://instaforex.com/forex_analysis/45676/?x=OUE

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

Wave analysis

Roman Molodiashin

GBP/JPY is developing corrective wave B (colored light green in the chart) of medium term downtrend from 119.31. Within this wave there are A and B waves (colored royal blue in the chart) of smaller degree, with subwave B still developing from 122.64. The targets below the current price are Fibonacci retracements of 119.31-122.64, and expansions off 122.64-120.90-122.15, 122.15-120.86-121.58.

Supports:

- 120.78 = contracted objective point (COP)
- 120.58 = .618 retracement
- 120.41 = objective point (OP)
- 120.29 = OP
- 119.49 = expanded objective point (XOP)

If the price reverses to the upside the immediate resistances will be Fibonacci retracements of the wave down from 122.64 - this wave is not developed yet, so no resistances are available so far.

Overbought/Oversold

Assuming that the major wave is now up it's preferable to try long positions when the Detrended Oscillator gets below the zero level (current prices) or into the oversold area (15-30 pips below the current prices).

http://instaforex.com/forex_analysis/45594/?x=OUE

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