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Candlestick analysis of the AUD/USD (long-term outlook) 2010-11-22​

Last week the AUD/USD currency pair closed with decline. In whole, the long-term outlook remains bullish, as the uptrend trend is observed. However, it is recommended to close long positions if the support level of 0.9646 is broken through, as it will allow pair to reach 0.9400.
Earlier at a week chart the AUD/USD has formed the bullish combination of candlesticks Bullish Engulfing that indicates the uprising movement, confirmed further.
In favor of upside movement comes the fact that this combination of candlesticks appeared on the uptrend after a rebound from the support level of 0.8066 and from the Fibonacci correction level 38.2, where the bears did not manage to fixate and the bulls started to increase their influence.
This combination of candlesticks show that the currency pair was declining after it failed to break out the resistance level of 0.9394. However, the pair reversed, having come closer to 0.8066.
The fact that the AUD/USD has broken through the mark of 0.8855 confirms this point of view.





Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

EUR/USD. Weekly and Monthly Pivot Points. November 22, 2010 2010-11-22​

___MONTHLY__________

Monthly - R3 = 1.4734

Monthly - R2 = 1.4446

Monthly - R1 = 1.4195

Monthly Pivot = 1.3907

Monthly - S1 = 1.3656

Monthly - S2 = 1.3368

Monthly - S3 = 1.3117

_______WEEKLY_______

Weekly - R3 = 1.4098

Weekly - R2 = 1.3923

Weekly - R1 = 1.3794

Weekly Pivot = 1.3619

Weekly - S1 =1.3490

Weekly - S2 = 1.3315

Weekly - S3 = 1.3186





Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

EUR/USD. Opportunities to buy. November 22, 2010 2010-11-22​

According to technical analysis, the Euro's last low at 1.3450 has provided a meaningful signal for a buy deal after the pair resumed its ascent last Friday. The euro is above its weekly pivot , which gives us opportunities to buy with objectives: 1.3790, 13920, 14090 respectively.





Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

EUR/USD Technical Analysis. Support And Resistance Levels For November 23, 2010 2010-11-23​

Today Technical Level's :

Breakout Buy level : 1.3653.
Strong Resistance : 1.3645.
Original Resistance : 1.3632.
Inner Sell Area : 1.3619.
Target Inner Area : 1.3587.
Inner Buy Area : 1.3555.
Original Support : 1.3542.
Strong Support : 1.3529.
Breakout Sell level : 1.3521.



Today Outlook :

The EUR/USD currency pair still retains its downside bias and the level of 1.3550 will be the next target for this pair today. If the downwards movement is strong enough, the mark of 1.3525 will be a second target for this pair today before it moves to the mark of 1.3500. But if today this pair reverses to upside to 1.3575 it will stop today's downside movement and at least the pair will enter into the congestion situation. In case today this pair after reversal gets a strong momentum to up, the level of 1.3600 will be the next target.



Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

USD/JPY Technical Analysis. Support And Resistance Levels For November 23, 2010 2010-11-23​

Today Technical level's :

Resistance. 3 : 83.79.
Resistance. 2 : 83.62.
Resistance. 1 : 83.46.
Support. 1 : 83.26.
Support. 2 : 83.09.
Support. 3 : 82.92.

Today Outlook :

The USD/JPY pair will try to break through the level of 83.75 today. If the pair strengthens above this level then the mark of 84.00 will be the next target for movement of the USD/JPY today. In case the upsides movement is strong enough, then the level of 84.25 will be a next target for today. But please pay attention to today’s Resistance. 3 at 83.79, usually after this level is hit this pair reverses to the downside between 10 pips to 20 pips. However, if today this pair still is moving upwards to the level of 84.23 after Resistance. 3, then and it will indicate the Bullish situation for this pair. On the other hand, if the USD/JPY moves down again and breaks through the mark of 83.25 then the pair may reach the level of 83.00 again.



Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2010

 

[5757]

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EUR/USD Intraday Technical analysis 2010-11-23​

The spot rate is out of its bullish channel by breaking the lower limit of this one at 1.3670. A downtrend has begun and the pair is now testing the lower limit of this channel tat1.3530 suggesting a rebound in the short term.

According to previous events, the market indicates a bullish opportunity on the levels of 1.3530 with a 1st objective of 1.3600, then 1.3630. A breakout of 1.3500 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

USD/JPY Intraday Technical analysis 2010-11-23​

The spot rate approaches to the upper limit of its medium term bullish channel at 84.00 suggesting a decline in the short term. However a breakthrough in that area will free up a significant potential for an upward trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate has broken its resistance level at 84.00 with a 1st objective of 84.55, then 84.70. A breakout in 83.80 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

GBP/USD Intraday Technical analysis 2010-11-23​

The spot rate is now testing the support level through its medium-term downtrend channel at 1.5880 suggesting a rebound on these levels. However a breakout of this zone will result in an acceleration toward the lower limit of the channel to 1.5770.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5880 with a 1st objective of 1.5980, then 1.6020. A breakthrough of 1.5850 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

GOLD Intraday Technical analysis 2010-11-23​

Gold is currently testing support level through its medium-term bullish channel at 1358 and seems to start a rebound. However a breakout of this zone will lead to an acceleration toward the lower limit of its channel to 1352.

According to previous events, the market indicates a bullish opportunity on the levels of 1358 with a 1st objective of 1367, then 1370. A breakthrough at the level of 1356 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2010