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GBP/NZD. New Upwards Movement (Daily Signal), December 01, 2010 2010-12-01​

GBP/NZD

Investors' negative sentiment supports the British pound – New Zealand dollar pair, which normally moves in the direction opposite to that of the financial markets. On the technical level, the pair on the verge of a meaningful signal for the beginning of a new upwards movement. The downwards trend line meets a meaningful Fibonacci resistance level around the 2.0750 price level.

A daily close over this level is expected to filter out a false breach and push the pair upwards towards the nearest resistance level at 2.1050. Should that, too, be breached, the pair is expected to continue moving north towards the strong 2.1500 resistance level, a level which may serve as an exit goal from the buy position on the pair.

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

 

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EUR/CHF. Around the Psychological Level of 1.3000 (Daily Signal), December 01, 2010 2010-12-01​

EUR/CHF

On the Technical level, the pair EUR / CHF is on the verge of a Meaningful signal for the Beginning of a new upwardsMovement . It is recommend buying, when the price is above the psychological level of 1.3000.



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

 

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USD/JPY Technical analysis, Support and Resistance Levels for December 02, 2010 2010-12-02​

Today Technical Levels:

Resistance. 3 : 84.56.
Resistance. 2 : 84.39.
Resistance. 1 : 84.23.
Support. 1 : 84.02.
Support. 2 : 83.86.
Support. 3 : 83.69.

Today Outlook:

At present the USD/JPY is traded in a range from 83.43 to 84.41. Today the pair is still biased within the uptrend channel. However if today the USD/JPY can break out the 84.25 level then the pair will reach the mark of 84.41; but if this pair beaks down and closes below the 84.00 level then the USD/JPY will probably reach the 83.75 level. Please pay attention to today’s Resistance. 3 and Support. 3, usually after the USD/JPY reaches these levels, it reverses by 10 pips to 20 pips. But, in case the pair breaks the today’s Resistance. 3 or Support. 3 and still goes on its way by 50 pips, it will indicate that pair has already found its trend.





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

 

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EUR/USD Technical Analysis. Support and Resistance Levels For December 02, 2010 2010-12-02​

Today Technical Levels :

Breakout Buy level : 1.3185.
Strong Resistance : 1.3177.
Original Resistance : 1.3164.
Inner Sell Area : 1.3151.
Target Inner Area : 1.3120.
Inner Buy Area : 1.3089.
Original Support : 1.3076.
Strong Support : 1.3063.
Breakout Sell level : 1.3055.

Today Outlook :

This EUR/USD pair is now traded in the range of 1.3075-1.3125. If this pair breaks up and closes above the 1.3125 level, then the pair will increase to 1.3180. In case today the upside tendency is strong enough then the pair will probably rise to the 1.3200 level. On the other hand, if this pair breaks through and closes below the 1.3075 level, then the pair will drop to 1.3047; and if the downside movement is strong enough then today the EUR/USD pair will probably reach the 1.3025 level before it declines again to 1.3000.

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

 

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EUR/USD Intraday Technical analysis 2010-12-02​

The spot rate is currently testing the upper limit of its medium-term downtrend channel at 1.3180. A breakout of this area will free a significant potential for the beginning of a new trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance level at 1.3180 with a 1st objective of 1.3280, then 1.3310. A breakthrough of 1.3150 would invalidate this scenario.


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

 

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GBP/USD Intraday Technical analysis 2010-12-02​

The spot rate is currently testing the upper limit of its medium-term downtrend channel at 1.5640. A breakout of this area will lead to the beginning of an upward trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance at 1.5640 with a 1st objective of 1.5730, then 1.5790. A breakthrough of 1.5610 will invalidate this scenario.

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

 

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GOLD Intraday Technical analysis 2010-12-02​

Gold is currently testing support level through its bullish channel at 1385 suggesting a rebound in the short term. However a breakout of this zone will result in an acceleration toward the lower limit of its channel to 1362.

According to previous events, the market indicates a bullish opportunity on the levels of 1385 with a 1st objective of 1398, then 1409. A breakthrough of 1383 will change the situation.

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

 

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USD/JPY Intraday Technical analysis 2010-12-02​

The spot rate is currently testing a zone of resistance between 84.40 and 84.60 suggesting a decline in the short term. However a breakthrough of this area will make the upwrad trend more violent.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance at 84.60 with a 1st objective of 85.10, then 85.50. A breakout of 84.40 will invalidate this scenario.

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

 

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Technical analysis of the USD/CAD for December 02, 2010 2010-12-02​

Support levels: 1.0079, 0.9980, 0.9930
Resistance levels: 1.0292, 1.0380, 1.0513

On a 4-hour graph the USD/CAD pair is rolling back after it broken through the resistance level of 1.0266. The next key resistance level is on the 200 Day moving average of 1.0292. The technical support is placed at 1.0079. At present the viewpoint is bullish. As it was mentioned before a breakout of 1.0266 will lead to uprising movement with the target to 1.0380. The breakthrough of 1.0380 will denote that the rollback from 1.0680 is over and further advance is expectable.
On the other hand if the USD/CAD continues to move downwards and breaches the 1.0079 level, then this will result in the decline with the target to 0.9980, where the rebound to upside is expected. This year the levels near parity were a good support, last month the USD/CAD failed to breach the parity level.
In a midterm the pair will probably remain within the bounds of its wide range of 1.000 and 1.0750-1.0850. Nevertheless, in case of the reversal the breakthrough of 1.0680 will confirm the end of the consolidation and that the downtrend from 1.3063 is breached. In this case it is expected that the USD/CAD will rise to the Fibonacci correction level 38.2 from 1.3063 to 0.9929 at 1.1126 with the next target to the Fibonacci correction level 61.8 at 1.1866.







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

 

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Candlestick analysis of the GBP/USD for December 02 2010-12-02​

On a 4-hour chart the GBP/USD rolls back after it could not break through the support level of 1.5500.
The viewpoint remains to be bearish, as the pair has earlier formed the combination of candlesticks Bearish Engulfing that indicates the downside movement, confirmed further.
This combination of candlestick developed after the pair could not break out the resistance level near 1.6085-1.6096, which means that the bulls did not manage to solidify here and the bears started to increase their presence.
A breakthrough of the 1.5841 level confirms this point of view.
If the support level of 1.5500 is broken down then we forecast the decrease with the target to 1.5300.
It is worth mentioning that in case the resistance level of 1.5900 is broken through then short positions should be closed, as it will lead to rise to 1.6096.




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