indiTraders - Forum for the Active Indian Trader  

Go Back   indiTraders - Forum for the Active Indian Trader > Technical > Technical Analysis

Technical Analysis The technical arena of indiTraders

DPonline
Reply
 
Bookmark and Share LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 02-11-2010, 08:18 PM
bhanu545's Avatar
bhanu545 bhanu545 is offline
Veteran
 
Join Date: Oct 2010
Posts: 2,788
Thanks: 0
Thanked 85 Times in 81 Posts
bhanu545 will become famous soon enoughbhanu545 will become famous soon enough
Default Daily Technical analysis

The EUR/USD technical analysis and trading recommendations for November 2 2010-11-02


Overview:
Fresh buy signal with the target at 1.4188 has been formed. The Bollinger Bands are diverging and directed upwards, indicating the beginning of new uprising movement. The signal is strong and confirmed, as the price is above the Ishimoku Cloud and the Chinkou Span has recently fixated above the price chart. The first resistance level of 1.4105 is a target for uptrend. In case this level is reached and the price fixates above it the next target will be 1.4188. Otherwise, the correction will start. At present, it can be said that the correction ended and upwards movement resumed. The critical level for the current upwards motion is the level of 1.3870 (Kidjun-Sen), bellow which the buy signal will weaken. The Chinkou Span is above the price graph, thus confirming the current buy signal. The Bollinger Bands show the beginning of the uptrend, the lines are converging and directed upwards. The MACD is ascending, thus indicating the uptrend.

Trading recommendations:
Currently, it is recommended to trade up with the target at 1.4105. The stop loss is set below 1.3870.

In addition to technical image, one should take into account the fundamental data and the time of their release.

The chart annotation:
Ishimoku indicator:
Tenkan-sen — red line
Kijun-Sen — blue line
Senkou Span A — light brown stipple line
Senkou Span B — light purple stipple line
Chinkou Span — green line
Bollinger Bands indicator:
3 yellow lines
MACD indicator:
The red line and the histogram with the white bars in the indicators window.

Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2010
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following 2 Users Say Thank You to bhanu545 For This Useful Post:
  #2 (permalink)  
Old 02-11-2010, 08:21 PM
bhanu545's Avatar
bhanu545 bhanu545 is offline
Veteran
 
Join Date: Oct 2010
Posts: 2,788
Thanks: 0
Thanked 85 Times in 81 Posts
bhanu545 will become famous soon enoughbhanu545 will become famous soon enough
Default The GBP/USD technical analysis and trading recommendations for November 2 ,2010-11-02



Overview:
The buy signal with the target at 1.6057 continues. The Bollinger Bands are diverging. This signal is confirmed, since the Chinkou Span has fixated above the price graph and the price is above the Ishimoku Cloud. The target level has been already passed, however the signs of the reversal are not observed, which means that the upwards movement is actual. The price also has fixated above the pivot level of 1.6169 and we have the target at first resistance movement of 1.6169. In case the price rebounds from the level of 1.6057, the correction can start. In this case in order to trade with the target at 1.6169, it is recommended to wait until the price fixates above the target level. If the price is below the Kidjun-Sen (1.5900), the buy signal will weaken and it will be a point to cut long positions. The Chinkou Span is above the price graph, thus confirming the current buy signal. The Bollinger Bands show the uprising movement, the lines are diverging and directed upwards. The MACD is directed downside, however, the price does not declining.

Trading recommendations:
Currently, it is recommended to trade up with the target at 1.6169, but only in case the price fixates above 1.6057 and the MACD reverses upside. The stop loss is set below the Kidjun-Sen (1.5900).

In addition to technical image, one should take into account the fundamental data and the time of their release.

The chart annotation:
Ishimoku indicator:
Tenkan-sen — red line
Kijun-Sen — blue line
Senkou Span A — light brown stipple line
Senkou Span B — light purple stipple line
Chinkou Span — green line
Bollinger Bands indicator:
3 yellow lines
MACD indicator:
The red line and the histogram with the white bars in the indicators window.

Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2010
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following User Says Thank You to bhanu545 For This Useful Post:
  #3 (permalink)  
Old 03-11-2010, 10:41 PM
bhanu545's Avatar
bhanu545 bhanu545 is offline
Veteran
 
Join Date: Oct 2010
Posts: 2,788
Thanks: 0
Thanked 85 Times in 81 Posts
bhanu545 will become famous soon enoughbhanu545 will become famous soon enough
Default

The candlestick analysis of the EUR/USD for 03/11/2010


At 4-hour graph, the EUR/USD currency pair is trading in the range 1.4080-1.3696. Nevertheless, the viewpoint on the currency pair remains bearish. As it was mention before, in case the support level of 1.3696 is broken though the downside movement with the target at 1.3382 is expectable. Earlier on a 4-hour graph the EUR/USD has formed Shooting Star candlestick, which is a bearish signal.
This candlestick formed on the uptrend. Nonetheless, the bears start increasing their influence and a rollback took place near January 2010 high.
The breakout of the Fibonacci correction level 23.6 and support level 1.3777 confirms this point of view and that the uptrend is breached.
The fact that the combination of candlesticks Dark Cloud Cover emerged on a daily graph of the EUR/USD comes in favor of the downwards movement.
On the other hand, if the resistance level of 1.4080 is broken through then short positions should be closed, since it will lead to the upturn to 1.4157.

Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #4 (permalink)  
Old 03-11-2010, 10:43 PM
bhanu545's Avatar
bhanu545 bhanu545 is offline
Veteran
 
Join Date: Oct 2010
Posts: 2,788
Thanks: 0
Thanked 85 Times in 81 Posts
bhanu545 will become famous soon enoughbhanu545 will become famous soon enough
Default The market manipulations analysis of the GBP/USD by Alexey Portnov for 03/11/2010

The pound could not overcome the 9-month high, as the price started to correct. Presently, the price is in the wide trading range, thus denoting the uncertainty ahead of the FOMC meeting. The further movement out of the range will correspond to its breakout, and the motion within the range depends on the level of average prices (1.6025), the fixation above which provides advantages to one of the market sides.
Trading recommendations:
-stay outside of the market

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #5 (permalink)  
Old 05-11-2010, 03:25 PM
bhanu545's Avatar
bhanu545 bhanu545 is offline
Veteran
 
Join Date: Oct 2010
Posts: 2,788
Thanks: 0
Thanked 85 Times in 81 Posts
bhanu545 will become famous soon enoughbhanu545 will become famous soon enough
Default AUD/USD Elliott wave count and Fibonacci levels, November 5, 2010

AUD/USD Elliott wave count and Fibonacci levels, November 5, 2010

AUD/USD is developing wave 5 of the midterm uptrend - colored red in the chart. Within this wave there's a set of 4 waves with wave 4 being corrective - colored yellow in the chart.

The targets of the downmove are Fibonacci retracements of 0.9893-1.0175.

Supports:

- 1.0067 = .382 retracement
- 1.0034 = .50 ret
- 1.0001 = .618 ret

In case the price resumes its advance and breaks above 1.0175 the nearest resistances will be Fibonacci expansions off 0.9651-0.9819-0.9678 (waves 1-2), 0.9678-1.0022-0.9893 (waves 3-4), 0.9893-1.0064-1.0021 (subwaves within wave 5).

Resistances:

- 1.0192 = objective point (OP)
- 1.0237 = OP
- 1.0298 = expanded objective point (XOP)


Overbought/Oversold

The Detrended Oscillator is consolidating around the zero level, confirming the flat (wave 4). Assuming that the prevailing trend is up it's preferable to seek for bottoming signals to enter long when the price hits a Fibonacci support (.382 or .618) or when the price gets into the oversold - 25 pips to go.

Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2010
__________________
http://instaforex.com
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following 2 Users Say Thank You to bhanu545 For This Useful Post:
  #6 (permalink)  
Old 05-11-2010, 03:28 PM
bhanu545's Avatar
bhanu545 bhanu545 is offline
Veteran
 
Join Date: Oct 2010
Posts: 2,788
Thanks: 0
Thanked 85 Times in 81 Posts
bhanu545 will become famous soon enoughbhanu545 will become famous soon enough
Default GBP/JPY Elliott wave count and Fibonacci levels, November 5, 2010

Pound/yen is moving up in impulse wave C of the medium term uptrend - colored magenta in the chart. within this wave there's also a set of subwaves with wave C developing - colored red. On smaller timeframes all the subwaves are also impulsive - wave 5 (orange red) and wave C (yellow).

The targets of the advance are Fibonacci retracements of 135.03-126.43, and expansions off 126.43-129.58-127.96, 127.96-130.32-128.87, 128.95-131.24-130.10, 130.10-131.49-131.01.

Resistances:

- 131.74 = .618 retracement (!)
- 131.87 = contracted objective point (COP)
- 132.39-40 = confluence area of two objective points (OP)
- 132.69 = expanded objective point (XOP)

In case the price referses downfor a correction the immediate supports will be Fibonacci retracements of 130.10-131.71.

Supports:

- 131.09 = .382 ret
- 130.91 = .50 ret
- 130.72 = .618 ret



Overbought/Oversold


The Detrended Oscillator is below the zero line, confirming the corrective wave. Assuming that the prevailing trend is up, it's preferable to open longs on any weakness - particularly when the price hits a Fibonacci support (.50 or .618) or gets into the oversold - 15-25 pips to go.

Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2010
__________________
http://instaforex.com
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following User Says Thank You to bhanu545 For This Useful Post:
  #7 (permalink)  
Old 08-11-2010, 07:41 PM
bhanu545's Avatar
bhanu545 bhanu545 is offline
Veteran
 
Join Date: Oct 2010
Posts: 2,788
Thanks: 0
Thanked 85 Times in 81 Posts
bhanu545 will become famous soon enoughbhanu545 will become famous soon enough
Default The EUR/USD technical analysis and trading recommendations for November 8, 2010

4-hour timeframe


Overview:
The buy signal with the target at 1.4188 is continuing. However the target level has been passed already and the signal weakened. As the price fixated below the Kidjun-Sen and the signal weakened, then the sell signal should be expected soon. , so the trading up is out of the question. In case the sell signal forms, the first target for the downside movement will be the first level of 1.3836. Otherwise, the current buy signal will strengthen, however it is unlikely. The Chinkou Span is above the price graph, thus confirming the current buy signal. The Bollinger Bands show the sideways movement, the lines are diverging and directed sideways. The MACD is descending, thus indicating the current downwards motion.

Trading recommendations:
Currently, it is recommended to wait for the sell signal. In case this signal is strong then the first target for the downwards movement will be the level of 1.3836.

Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2010
__________________
http://instaforex.com
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #8 (permalink)  
Old 08-11-2010, 07:44 PM
bhanu545's Avatar
bhanu545 bhanu545 is offline
Veteran
 
Join Date: Oct 2010
Posts: 2,788
Thanks: 0
Thanked 85 Times in 81 Posts
bhanu545 will become famous soon enoughbhanu545 will become famous soon enough
Default GBP/USD Intraday Technical analysis 2010-11-08


The spot rate is currently testing the lower limit of its medium-term bullish channel and 1.6110 seems to start a rebound. However a break in this area would lead to a downward acceleration and initiate a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6110 with a 1st objective of 1.6190, then 1.6220. A break in 1.6080 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2010
__________________
http://instaforex.com
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #9 (permalink)  
Old 10-11-2010, 09:39 PM
bhanu545's Avatar
bhanu545 bhanu545 is offline
Veteran
 
Join Date: Oct 2010
Posts: 2,788
Thanks: 0
Thanked 85 Times in 81 Posts
bhanu545 will become famous soon enoughbhanu545 will become famous soon enough
Default The US stock market review for 2010-11-10

On Tuesday the stock indices of the USA closed down amid the intensified investors’ concerns about the probable influence of the stimulus plan announced by the Federal Reserve System last week. The Dow Jones Industrial Average fell by 60.09 points, or by 0.53%, to 11346.75. The Nasdaq Composite dropped by 17.07 points, or by 0.66%, to 2562.98. The Standard & Poor’s 500 lowered by 9.85 points, or by 0.81%, to 1213.40.
Bank of America shares strongly fell in price by 2.6%. Despite its plans to sell the shares of BlackRock by 25% more than it was planned, the banking giant does not have enough capital, which it should to raise by a year-end deadline. Chevron stocks lost 1.5%, after the oil giant announce its decision to purchase Atlas Energy for $3.2 billion in cash and wipe off a debt in amount of $1.1 billion. Atlas shareholders will receive $ 38.25 per share in cash that corresponds to a premium of 21% over the closing price on Monday. The shares of Atlas, which are not a DJIA component, rose in price by 34%. The background for the decline were the increasing concerns about the potential impact of the FRS plan to invest $600 billion in the economy, called as the quantitative easing-2 by Wall Street.
Ahead of the G20 summit, which starts in Seoul on Wednesday, the international controversy over the FRS measures has become more intense. According to the Tuesday data the wholesale inventories of the USA grew more than twice in September, than it was expected. Though the increase in inventory can be considered as the sign of companies’ confidence in the steady demand amid the further economic recovery, some investors are worried whether the companies have more inventory than they can sell.

Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010
__________________
http://instaforex.com
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following User Says Thank You to bhanu545 For This Useful Post:
  #10 (permalink)  
Old 10-11-2010, 09:42 PM
bhanu545's Avatar
bhanu545 bhanu545 is offline
Veteran
 
Join Date: Oct 2010
Posts: 2,788
Thanks: 0
Thanked 85 Times in 81 Posts
bhanu545 will become famous soon enoughbhanu545 will become famous soon enough
Default GBP/USD Intraday Technical analysis 2010-11-10

The spot rate has bounced off the lower limit of its medium-term downtrend channel in 1.5870 and is currently testing its intermediate resistance to 1.6020. A break of this area would release a significant potential.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6020 with a 1st objective of 1.6110, then 1.6150. A break in 1.5990 would invalidate this scenario.


Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2010
__________________
http://instaforex.com
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply

indiTraders - Forum for the Active Indian Trader > Technical > Technical Analysis


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are Off
Pingbacks are On
Refbacks are On


DPonline

All times are GMT +5.5. The time now is 06:45 PM.


vBulletin Copyright by vBulletin

Content Relevant URLs by vBSEO 3.3.2