EUR/USD Today´s Targets and Technical analysis 2011-12-07

Fundamental analysis

Muzammil Hussain Bhatti

Overview: If the pair does not break/hold the 1.3544 level and continues to trade below these levels, it is likely to return to 1.3305 and 1.3212 level. In summary, the pair is still bearish and has a medium term downside trend despite recovery attempts.

Recommendation: If you are in sell you can close your positions in between 1.3351 level and 1.3305 and the same range is suitable for buying as well.
If you are in buying then the suitable level range will be from 1.3505 to 1.3544 and this range is almost same for selling as well.

Trends:
Near Term: Downward
Short Term: Sideways
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/45454/?x=OUE

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AUD/USD Intraday Technical Analysis & Trade Recommendation December 6, 2011

Technical analysis

Mohamed Samy

During the last few days, AUD/USD has been moving inside a bullish channel.

It's important to note that the current bullish move is showing weakness of the bulls as there's no obvious higher highs & lows.

Today we had a bearish breakout of the three drawn channels. Hence, we expect the market to be bearish for AUD/USD today.

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

AUD/USD can be SOLD around 1.0200 with SL 1H candlestick closure above 1.0230.

TP should be placed at 1.0170,1.0155 &1.0110.

http://instaforex.com/forex_analysis/45306/?x=OUE

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EUR/USD: Weekly Technical Levels for December 5th -- 9th, 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: H4.

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 H4 chart from  28^th of November to 2^nd of December, 2011) in order to determine low and high price.

Average = (Higher - Lower) / 2
Average = 1.3403

• Range was: 291 pips.
• The value of 50% Fibonacci retracement levels is: 1.3403.
• 1.3171 will be formed a strong support.
• 1.3750 will be formed a strong resistance.
• Volatility is 390.00 so the market has called for a high volatile.
• It should be noted that the price has still been trapped between 1.3553 and 1.3212.
  

  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/45208/?x=OUE

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GBP/USD Intraday Technical analysis 2011-12-02

Technical analysis

Albert Fitoussi

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.5740 and seems to initiate a decline. However a break of these levels would free up significant potential and initiate a bullish trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5740 with a 1st objective of 1.5820, then 1.5850. A break in 1.5720 would invalidate this scenario.

http://instaforex.com/forex_analysis/45104/?x=OUE

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GBP/USD Intraday Technical Analysis ( Channel Breakout Opportunity ) December 1, 2011

Technical analysis

Mohamed Samy

In the period between 11-25 November, GBP/USD was treding down making lower lows & lower highs inside the marked channel.

Finally the pair found support at 1.5420 which stopped further decline of the pair price.

Yesterday we had a strong bullish breakout of this steep bearish channel with a full body bullish candlestick which stopped at 38.2% Fibonacci level at 1.5700.

It's important to note that the pair has a strong resistance area between 1.5870-1.5910 where the lower limit of previous congestion zone, previous lows & Fibonacci level 61.8% are located.

On the 4H chart, We can obviously see the bullish breakout of the mentioned bearish channel with very strong successful retest.

This week the pair established an intraday support level at 1.5620 which may be retested giving a good LONG entry.

Also the previously mentioned resistance at 1.5870-1.5910 is marked on the chart.

Based on the previous analysis

We suggest having a LONG position at the retest of support level 1.5620 [TP at 1.5670, 1.5750, 1.5790 then 1.5860 & SL placed below 1.5520].

If the pair resumes its upside movement, then we can have a short position at 1.5870-1.5910 [TP at 1.5800 & 1.5710 & SL placed above 1.5940].

http://instaforex.com/forex_analysis/45082/?x=OUE

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USD/CAD Intraday Technical Analysis ( Channel Breakout Opportunity ) December 1, 2011

Technical analysis

Mohamed Samy

Yesterday Not only we had a strong bearish breakout of the marked bullish channel, but also we had consolidation zone 1.0364-1.0294 broken to the downside.

Decline of USD/CAD price stopped at 1.0120 which is 61.8% Fibonacci level of the whole swing up marked on the chart.

It's important to note that area 1.0120- 1.0210 is a good demand zone as marked on the chart.

Current support levels: 1.0120, 1.0064 and 0.9949

Current resistance levels: 1.0294, 1.0364 and 1.0500.

Break of any support/resistance level opens the way to the next one.

Based on the previous analysis

The best trade in the current situation is selling USD/CAD at 1.0294 with SL above 1.0370.

TP should be at 1.0260 , 1.0212 and 1.0140.

http://instaforex.com/forex_analysis/45080/?x=OUE

InstaForex

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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