Technical Analysis from www.Instaforex.com

[BudakFx]

GBP/USD. Weekly and Monthly Pivot Points, November 23, 2010 2010-11-23​

_MONTHLY__________

Monthly - R3 = 1.6699

Monthly - R2 = 1.6388

Monthly - R1 = 1.6214

Monthly Pivot = 1.5933

Monthly - S1 = 1.5759

Monthly - S2 = 1.5478

Monthly - S3 = 1.5304

_______WEEKLY_______

Weekly - R3 = 1.6456

Weekly - R2 = 1.6304

Weekly - R1 = 1.6142

Weekly Pivot = 1.5990

Weekly - S1 =1.5828

Weekly - S2 = 1.5676

Weekly - S3 = 1.5514



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

 

[BudakFx]

GBP/USD.Continuation of the downwards movement , November 23, 2010 2010-11-23​

GBP/USD

The negative influence of the Irish crisis is expected to weigh down heavily on the British pound – United States dollar pair. It is forecasted that the pair breaches its trend line later today, signaling of continuation of the downwards movement that it had recently started. A daily close under the sell trigger level of 1.5900 is expected to bring the pair to its first support level at 1.5760, and later on even lower to the strong support level of 1.5550.

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

 

[BudakFx]

Candlestick analysis of the GBP/USD for 24/11/2010 2010-11-24​

Candlestick analysis of the GBP/USD for 24/11/2010
Earlier on a 4-hour graph the GBP/USD currency pair formed the combination of candlesticks Bearish Engulfing, which indicates the downside movement, confirmed further.
This combination of candlesticks emerged after the currency pair could not break through the resistance level near 1.6085-1.6096, which means that the bulls did not manage to solidify here, and the bears started increasing their influence.
The breakout of 1.5841 denotes that this viewpoint is correct. After a rollback the decline to 1.5651 is expectable.
However, it is worth pointing out that if the resistance level of 1.6096 is breached then short positions should be closed, as it will lead to advance to 1.6175.





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

 

[BudakFx]

EUR/USD Technical Analysis. Support And Resistance Levels For November 24, 2010 2010-11-24​

Today Technical Level :

Breakout Buy level : 1.3445.
Strong Resistance : 1.3437.
Original Resistance : 1.3424.
Inner Sell Area : 1.3411.
Target Inner Area : 1.3379.
Inner Buy Area : 1.3347.
Original Support : 1.3334.
Strong Support : 1.3321.
Breakout Sell level : 1.3313.

Today Outlook :

Since the EUR/USD has already broke down the level of 1.3475, it seems that now this pair is in a range of 1.3425 – 1.3375. In case the EUR/USD can break through and close below the mark of 1.3375 it will lead to the situation that the pair goes to the level of 1.3325 as a first target and to 1.3300 as a second target. On the other hand, if the EUR/USD can strengthen above the level of 1.3425, then the level of 1.3475 will be the first target for movement and the second target will be the level of 1.3500.



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

 

[sureheboh.com]

Terbaek bro....

 

[BudakFx]

EUR/USD Intraday Technical analysis 2010-11-24​

The spot rate is currently testing the upper limit of its short term downtrend channel at 1.3420 suggesting a decline in the short term. However a breakout of that area will free up significant potential for an upward trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate has broken through its resistance level of 1.3420 with a 1st objective of 1.3520, then 1.3550. A breakthrough at 1.3390 will invalidate this scenario.

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

 

[BudakFx]

USD/JPY Intraday Technical analysis 2010-11-24​

The spot rate has bounced off the lower limit of its medium-term bullish channel at 82.80 and subsequently broke through its intermediate resistance level to 83.10. It seems now a pullback will take place in this area before a resumption of bullish trend.

According to previous events, the market indicates a bullish opportunity on the levels of 83.10 with a 1st objective of 83.60, then 83.80. A breakout of 82.90 will invalidate this scenario.

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

 

[BudakFx]

GBP/USD Intraday Technical analysis 2010-11-24​

Yesterday the spot rate rebounded from the lower limit of its medium term downtrend channel at 1.5760 and approached its intermediate resistance level of 1.5880. A breakout of this zone will allow pair to reach the upper limit of its channel at 1.6050.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate has broken its resistance level in 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 2010-11-24​

Gold has rebounded sharply from the lower limit of its medium-term bullish channel at 1356 and consolidated its gains by forming a triangle. A breakthrough of the upper limit of the latter to 1379 will allow Gold to reach the upper limit of its channel at 1388.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate has broken out its resistance level at 1379 with a 1st objective of 1388, then 1392. A breakout in 1377 will invalidate this scenario.


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

 

[BudakFx]

Candlestick analysis of the AUD/USD (long-term outlook) 2010-11-24​

This week the AUD/USD is traded down. In whole, the long-term outlook is bullish since the uprising trend remains. However, it is recommended to close long positions if the support level of 0.9646 is broken through, as it will lead to the decline to 0.9400.
Earlier on a week chart the AUD/USD has formed the bullish combination of candlesticks Bullish Engulfing, which indicates the upside movement that was confirmed further.
In favor of the upwards motion comes the fact that this combination of candlesticks formed on the uptrend after a rebound from the support level of 0.8066 and the Fibonacci correction level 38.2, where the bears did not manage to solidify 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. Nevertheless, the pair reversed having come closer to 0.8066.
The fact that the AUD/USD has successfully breached the mark of 0.8855 denotes that this point of view is correct.




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