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EUR/USD: Technical Analysis for October 11, 2012

2012-10-11 13:49:55 (читать в оригинале)

Weekly Pivot Point: 1.2970

Time Frame: H1

  

Weekly Pivot Points:

R3: 1.3404
R2: 1.3238
R1: 1.3136
PP: 1.2970
S1: 1.2868
S2: 1.2702
S3: 1.2600

Trading Recommendations:

According to the previous events, the price is still located between 1.2813 and 1.2970.

• Buy deals are recommended above 1.2860 with the targets seen at 1.2910 and 1.2970 levels.
• Look for further downward movement below 1.3070 with the first targets seen at 1.2970 and 1.2850 levels.
  
  

Overview:

The EUR/USD pair has broken the resistance level and turned towards the support level near the two-week point of 1.2868. Therefore, the pair has already formed a strong support at 1.2868. Moreover, having failed to close below 1.2860 the pair started showing a bullish reaction at this level. It is necessary to mention that these levels coincide with strong levels for bulls on H1 chart; the pair has also formed a strong support at the level of 1.2868. The pair will move upwards, it is convincing; the structure of the upside movement does not look corrective and is indicating a bullish opportunity above 1.2860. This can be a good sign for buy deals above 1.2860 with the first target at 1.2900 initiating an uptrend in order to continue the bullish mood towards the point of 1.2935 and further to 1.2970. If the trend breaks the weekly support 1 (1.2860), then the pair will go upwards to these targets. However, it should also be noted that the price is still between 1.2813 and 1.2970, as the last strong resistance level (1.3070) is still able to begin a downtrend at this level. Thus, the market indicates a bearish opportunity at the level 1.3070 on H4 chart with the first target at 1.2970 and continues towards 1.2850.

Observation (s):

•  
• If the trend is ascending, then the strength of the currency will be defined as following: EUR is an uptrend and USD is a downtrend.
• Most of the traders use the Fibonacci retracement to determine accurately the psychological support and resistance levels.
• Stop Loss should NEVER exceed your maximum exposure amounts.
• The market has a high volatile as usual if the last day had a huge volatility.

•  

If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.

The material has been provided by Instaforex Company - instaforex.com

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EUR/JPY Intraday Technical Analysis

2012-10-11 13:43:15 (читать в оригинале)

 

 

The spot rate broke the intermediate resistance of its medium-term bearish channel at 100.50 leading to acceleration. A pull back on these levels is expected before the upper limit of its channel at 101.10 is reached.
Technical indicators provide sell signals supporting the assumption of a pull back in the short term. Bollinger bands are much discarded as a result of a strong decline these days. Stabilization is expected in the short term.
The spot rate is currently testing the intermediate support of its channel, we suggest 2 scenarios: the first one is the hypothesis of a pull back where we recommend a buy on the level of 100.50 with the 1st objective at 101.10 and then at 101.30. A breakthrough of 100.30 will invalidate this scenario. The second scenario is a break of its support where we advise a “sell stop” which means to sell the spot rate as soon as it is broken through its support of 100.50 with the 1st objective at 99.90 and then at 99.70. A breakthrough of 100.70 will invalidate this scenario.

The material has been provided by Instaforex Company - instaforex.com

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GOLD Intraday Technical Analysis

2012-10-11 13:40:27 (читать в оригинале)

 

 

Gold approaches the intermediate resistance of its medium-term bearish channel at 1.771 It seems that it initiated a decline. However, a break of these levels will free a large potential and reach the upper limit of its channel at 1.781.
Technical indicators provide buy signals but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have stabilized showing a more regular volatility.
Gold approaches the intermediate resistance of its channel, we suggest 2 scenarios: the first one is the hypothesis of a decline where we recommend a sell on the level of 1.771 with the 1st objective at 1.760 and then at 1.758. A breakthrough of 1.774 will invalidate this scenario. The second scenario is a break of its resistance where we advise a “buy stop” which means to buy the gold as soon as it is broken through its resistance of 1.771 with the 1st objective at 1.781 and then at 1.783. A breakthrough of 1.768 will invalidate this scenario.

The material has been provided by Instaforex Company - instaforex.com

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GBP/USD Intraday Technical Analysis

2012-10-11 13:37:41 (читать в оригинале)

 

 

The spot rate is currently testing the intermediate resistance of its medium-term bearish channel at 1.6020. It seems that it initiated a decline. However, a break of these levels will free a large potential and reach the upper limit of its channel at 1.6120.
Technical indicators do not provide clear signals but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have stabilized showing a more regular volatility.
The spot rate is currently testing the intermediate resistance of its channel, we suggest 2 scenarios: the first one is the hypothesis of a decline where we recommend a sell on the level of 1.6020 with the 1st objective at 1.5960 and then at 1.5940. A breakthrough of 1.6040 will invalidate this scenario. The second scenario is a break of its resistance where we advise a “buy stop” which means to buy the spot rate as soon as it is broken through its resistance of 1.6020 with the 1st objective at 1.6080 and then at 1.6100. A breakthrough of 1.6000 will invalidate this scenario.

The material has been provided by Instaforex Company - instaforex.com

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EUR/USD Intraday Technical Analysis

2012-10-11 13:34:04 (читать в оригинале)

 

 

The spot rate is currently testing the upper limit of its medium-term bearish channel at 1.2890 suggesting a decline. However, a break of these levels will initiate a bullish channel.
Technical indicators provide buy signals but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.

 

The spot rate is currently testing the upper limit of its channel, we suggest 2 scenarios: the first one is the hypothesis of a decline where we recommend a sell on the level of 1.2890 with the 1st objective at 1.2830 and then at 1.2810. A breakthrough of 1.2910 will invalidate this scenario. The second scenario is a break of its resistance where we advise a “buy stop” which means to buy the spot rate as soon as it is broken through its resistance of 1.2890 with the 1st objective at 1.2950 and then at 1.2970. A breakthrough of 1.2870 will invalidate this scenario.

The material has been provided by Instaforex Company - instaforex.com