Technical Analysis from www.Instaforex.com

[BudakFx]

USD/JPY Intraday Technical analysis 2010-11-29​

The spot rate has bounced off the lower limit of its medium-term bullish channel at 83.90 and approached the upper limit of its trading range short-term at 84.20. A breakout of this zone will lead to an acceleration towards the upper limit of the bullish channel at 84.60.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate has broken its resistance in 84.20 with a 1st objective of 84.60, then 84.80. A breakthrough of 84.00 will invalidate this scenario.


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

 

[BudakFx]

Candlestick analysis of the EUR/GBP for 29/11/2010 2010-11-29​

On a daily chart the EUR/GBP rebounded again after it failed to test the Fibonacci correction level 61.8. The viewpoint on the currency pair remains bearish, as the downside movement is still presented. As it was mentioned before in case the level of 0.8423 is broken through we expect the decline to support level of 0.82.
Earlier on a daily graph the EUR/GBP has formed the combination of candlesticks Bearish Engulfing that indicates the downwards motion.
This combination of candlesticks shows that the currency pair was decreasing after it could not breakout the support level of 0.8067. However, having come closer to 0.8950 the pair reversed. This means that the bears activated here and did not allow bulls to solidify.
The breakthrough of the Fibonacci correction level 38.2 and support level of 0.8626 confirms this point of view.
It is recommended to place the stop orders slightly above 0.8600 since the breakout of this level will target the currency pair to 0.8821.




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

 

[BudakFx]

EUR/USD. Weekly and Monthly Pivot Points. November 29, 2010 2010-11-29​

_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 = 1.4205

Weekly - R2 = 1.3996

Weekly - R1 = 1.3619

Weekly Pivot = 1.5990

Weekly - S1 =1.3033

Weekly - S2 = 1.2824

Weekly - S3 = 1.2447

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

 

[BudakFx]

GBP/USD. Weekly and Monthly Pivot Points, November 29, 2010 2010-11-29​

_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 = 1.6434

Weekly - R2 = 1.6258

Weekly - R1 = 1.5925

Weekly Pivot = 1.5749

Weekly - S1 =1.5416

Weekly - S2 = 1.5240

Weekly - S3 = 1.4907

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

 

[BudakFx]

USD/JPY. Weekly and Monthly Pivot Points, November 29, 2010 2010-11-29​

______MONTHLY_____

Monthly - R3 = 86.39

Monthly - R2 = 85.18

Monthly - R1 = 82.76

Monthly Pivot = 81.55

Monthly - S1 = 79.13

Monthly - S2 = 77.93

Monthly - S3 = 75.50

_____WEEKLY______

Weekly - R3 = 85.98

Weekly - R2 = 85.08

Weekly - R1 = 84.58

Weekly Pivot = 83.68

Weekly - S1 = 83.18

Weekly - S2 = 82.28

Weekly - S3 = 81.78

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

 

[BudakFx]

AUD/USD. Weekly and Monthly Pivot Points. November 29, 2010 2010-11-29​

_____MONTHLY______

Monthly - R3 = 1.0505

Monthly - R2 = 1.0253

Monthly - R1 = 1.0044

Monthly Pivot = 0.9793

Monthly - S1 = 0.9583

Monthly - S2 = 0.9331

Monthly - S3 = 0.9122

_____WEEKLY_______

Weekly - R3 = 1.0205

Weekly - R2 = 1.0081

Weekly - R1 = 0.9864

Weekly Pivot = 0.9740

Weekly - S1 = 0.9523

Weekly - S2 = 0.9399

Weekly - S3 = 0.9182






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

 

[BudakFx]

The market manipulations analysis of the EUR/USD by Alexey Portnov for 30/11/2010 2010-11-30​

This currency pair is continuing to decline amid the events in Portugal, Ireland and Spain, but the potential for decrease is limited. At present, from the technical point of view the level of 1.3050 acts as a resistance for lowering. Until the price has not reached this level I expect the continuation of the dominant tendency, but further the rebound from support level and probable beginning of the uptrend are expected.
Trading recommendations:
-To sell with a target to 1.3050/60




Performed by Alexey Portnov, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

EUR/USD Intraday Technical analysis 2010-11-30​

The spot rate has bounced off the lower limit of its medium-term downtrend channel at 1.3060 and is currently testing its intermediate resistance of 1.3150. A breakout of this zone will achieve an area of significant resistance at 1.3270.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3150 with a 1st objective of 1.3240, then 1.3270. A breakthrough in 1.3120 will invalidate this scenario.

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

 

[BudakFx]

GBP/USD Intraday Technical analysis 2010-11-30​

The spot rate is currently testing the resistance level through its medium-term downtrend channel at 1.5580. A downturn is possible in the short term. However a breakout of this zone will result in an acceleration towards the upper limit of its channel to 1.5620.

According to previous events, the market indicates a bearish opportunity on the levels of 1.5580 with a 1st objective of 1.5525, then 1.5470. A breakthrough at 1.5600 will change the situation.


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

 

[BudakFx]

GOLD Intraday Technical analysis 2010-11-30​

Gold is currently testing the upper limit of its long-term downtrend channel at 1370 suggesting a return to the lower limit of its short-term bullish channel at 1357. However a break of this zone will to an acceleration towards the upper limit of the bullish channel at 1393.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance level at 1370 with a 1st objective of 1382, then 1393. A breakthrough of 1368 will invalidate this scenario.

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