Кино oнлайн Голосов: 1 Адрес блога: http://protelemag.ru/load/ Добавлен: 2011-09-28 02:02:58 блограйдером petol

USD/CAD Intraday Technical Analysis and Linear Regression Channels for June 27, 2012

2012-06-27 16:42:06 (читать в оригинале)

 

The USD/CAD pair has a Bearish Violet channel that represents the bearish movement of the pair during yesterday which was expected around price zone 1.0290 -1.0300 to form the right shoulder of the expected head and shoulders reversal pattern which was mentioned yesterday too.
In order to confirm the Head & Shoulders reversal pattern the USD/CAD pair needs to breakdown the neck-line 1.0250-1.0240 to open the way towards its bearish target at 1.0160. However, today the pair is expressing weakness of the bearish domination as we can notice bullish breakout above the upper limit of the bearish violet channel which may give an early indicator of failure of the H&S pattern.
Price Level 1.0130 constitutes an important Intraday Support level for the USD/CAD corresponding to the lower limit of the Yellow channel and the backside of the broken violet channel. Hence, some profits should have been taken of the SELL entry triggered yesterday around price level 1.0290.
Breakdown of 1.0250-1.0240 confirms the H&S pattern opening the way for the pair towards 1.0160. However, failure of the pair to do so with subsequent bullish reaction towards 1.0240 indicates a possible BUY entry which becomes confirmed on breakthrough 1.0265 to be targeting at 1.0300 initially.

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

---

GBP/JPY Technical Levels and Trading Recommendations for June 27, 2012

2012-06-27 16:40:23 (читать в оригинале)

 

Overview

 

Proceeding from the today's H4 chart, the pair takes a slightly upward move after its rebound from the Support level 123.75 yesterday and currently the pair is testing the Resistance level 124.40 trying to break it in order to continue its bullish move. If the pair is able to break this Resistance level and close 4H above, it will be a strong indicator for the bullish movement enabling the Resistance level 125.25 then 125.65.
If the pair manages to close 4H above this Resistance area this will indicate to bullish strength providing new buy-signals.
On the other hand, if the pair doesn't break the Resistance level and bounces from it to reverse its bullish move taking a bearish trend, in this case we should wait breaking the Support level 123.75 to start a bearish signals enabling the Support level 123.00, in case of breaking this level also, this will denote bearish strength providing new sell-signals from this level till 122.45 as a level target. Based on the given H4 chart, we can find that the technical indicators provide bullish signals, but as long as the Resistance level 124.40 is unbroken the downward move is still expected and invalidating the bullish outlook. Therefore we should wait more confirmations before making the decision.

 

Resistnace and Support levels:

R3(125.65)

R2(125.25)

R1(124.40)

S1(123.75)

S2(123.00)

S3(122.25)

Trading Recommendations 

According to previous analysis, we recommend buying in case of closing 4H above the Resistnace level 124.40 with TP 125.00; SL closing 4 hours below the Resistnace level will be appropriate.

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

---

GBP/JPY Pushing Lower - Analysis for June 27, 2012

2012-06-27 16:38:02 (читать в оригинале)

GBP/JPY Elliott Wave
The GBP/JPY pair was trading in a sideways move yesterday developing complex 4 wave correction (coloured blue). During the Asian session we could observe the ascending movement toward the 124.38 level. We can consider this move as (W) wave (coloured pink). Therefore during the European session the GBP/JPY pair did not manage to hold this level and the price pushed toward the 123.45 level (end of the x wave). During yesterday's New York session and today's Asian session the GBP/JPY pair was pushing higher developing (Y) wave (coloured pink). Presently we are at the start of the 5 wave and we are expecting to see price under the 123.60 level today. In accordance with our wave rules and taking into account that the wave 5 retraces 100% of the wave 1, we can define the potential targets with measuring 1 wave (coloured blue) with Take Profit at 123.56 (100% of wave 1). End of the 4 wave at 124.50 can be used as a Stop Loss point. Also it is necessary to monitor the UK CBI Realized Sales data that can change the rate of the pair.

Support and Resistance Levels
(S3) 123.20 (S2) 123.55 (S1) 123.76 (PP) 124.10 (R1) 124.45 (R2) 124.66 (R3) 125.00

Trading Forecast
Proceeding from Elliott Wave Rules this week, the trend is expected to begin the downward movement. That is why Short positions at level 124.00 with Stop Loss at 124.50 and Take Profit at 123.56 are recommended.

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

---

USD/CAD Ready to push Higher - Analysis for June 27, 2012

2012-06-27 16:36:35 (читать в оригинале)

USD/CAD Elliott Wave
The USD/CAD pair was trading in a downward move yesterday developing the corrective wave (2) (coloured green). During the European session we could observe a descending movement toward the 1.0251 level. Therefore during the early New York session this major pair tried to push higher and price reached 1.0295. During the second half of the NY session the USD/CAD pair did not manage to hold at this level and price reached a new daily low at 1.0232 level. We can consider this move as the end of the C wave (coloured blue) of the bigger (2) wave (coloured green). Today when Asian session open the USD/CAD pair started trading in a bullish mood and price is currently testing the 1.0260 level. In accordance with our wave rules and taking into account that the wave 3 retraces 161.8% of the wave 1, we can define the potential targets with Fibonacci extensions (1.0160-1.0317-1.0232) with Take Profit 1 at 1.0384 (100% of wave 1) and Take Profit 2 at 1.0478 (161.8% of wave 1). Invalidation point at 1.0232 can be used as a Stop Loss point. Also it is necessary to monitor the U.S. Core Durable Goods Orders m/m, Durable Goods Orders m/m, Pending Home Sales m/m, Crude Oil Inventories data that can change the rate of the pair.

Support and Resistance Levels
(S3) 1.0191 (S2) 1.0216 (S1) 1.0231 (PP) 1.0255 (R1) 1.0280 (R2) 1.0295 (R3) 1.0319

Trading Forecast
Proceeding from Elliott Wave Rules this week, the trend is expected to begin the upward movement. That is why Long positions at level 1.0265 with Stop Loss at 1.0232 Take Profit 1 at 1.0384 and Take Profit 2 at 1.0478 are recommended.

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

---

GBP/USD: Intraday Technical Analysis for June 27, 2012

2012-06-27 16:32:05 (читать в оригинале)

 

Weekly Pivot Point: 1.5640.

 

Sideways Trend: Prices are moving within a narrow range between 1.5640 and 1.5555.

GBP/USD:

• Resistance: 1.5640. (Sell below this level).
  
• Support: 1.5500. (Buy above this level).
  

Trading Recommendations:

According to the previous events, the price is still between the levels 1.5640 and 1.5555.

 

• The descending movement will probably take place lower than the 1.5640 level with the first targets at levels 1.5580 and 1.5513.
• BUY deals are recommended higher than the 1.5503 level with targets at levels 1.5573 and 1.5635.

Overview:

It should be noted that the market revealed the signs of instability. The trend movement was controversial as it took place in a narrow sideways channel. In the light of the previous events, the price is still between the levels 1.5640 and 1.5555, so it is recommended to be cautious while making deals in this area. Therefore, it is necessary to wait till the sideways channel is passed through. Then, the market will probably indicate the signs of a bullish trend. In other words, BUY deals are recommended higher than the 1.5503 level with its first target at the level of 1.5573. From this point, the pair is likely to begin an ascending movement to the point 1.56 and further to the level 1.5640. However, if the pair fails to pass through the level of 1.5640, the market will indicate a bearish opportunity below the strong resistance level 1.5640 (The weekly resistance 1). In this regard, SELL deals are recommended lower than the 1.5906 level with the first target at 1.5640. It is possible that the pair will turn downwards continuing the development of the bearish trend to the level 1.558 then 1.5503 (The weekly support 1).

 

If You Like my Analysis, Please Vote for me at the Analyst of year Contest!

 

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