| Author's today's articles: Gerardo Porras Palomino - Official analytic of InstaForex Companies Group  Born August 30, 1980, in Huancayo, Peru. Since 1999 studied Maintenance Mechanics, specializing in fluids engineering (SENATI). In 2005 entered the foreign exchange market and started dealing with investments and studying Technical Analysis. Since 2007 devoted all his time to Forex world. Passed the advanced course of Forex trading (UdeForex) at University of Forex and thus aquired the following qualification: Operator and Analyst in the foreign exchange market. Carried out many other studies; among them there are the Waves of Elliot, the famous theory of Fibonacci etc. Presently seeks to operate his own money on the market, to carry out Technical and fundamental analysis and also to instruct beginners helping them to gain consistency in trading.Interest: reading, music, playing chess, operating on Forex. Mohamed Samy - Official analytic of InstaForex Companies Group  Born November 18, 1966, in Egypt. In 1990 graduated from the Faculty Of Engineering, Alexandria University. In 2000 started to follow financial markets. Took a higher diploma in investing and finance in 2008 and also CMT in 2009. Started at the Financial World as an analyst, then worked as a technical analysis consultant at Misr Financial Investments Co. Since 2005 has been working on the Stock Exchange. Has been familiar with Forex since December 2005. Being a member of the Egyptian Society of Technical Analysis, attends seminars and conferences dedicated to financial markets. Is a member of the American Market Technicians Association. Interests: football, reading, volleyball, swimming, movies GBP/USD Fractal 1.6135. For October 26, 2012 (Daily Strategy) 2012-10-26 The GBP/USD pair operated with an uptrend yesterday; daily fractal is near 1.6135, hovering around this level. Higher up we noted the line of short-term downtrend, as you can see on the chart. If the pair breaks, we can see the beginning of a new upward wave towards 1.63.
At a fundamental level, the pound is strong against the dollar, because the British economy expanded more than expected in the third quarter.
On the other hand, the pair will remain affected by Spain and Greece's austerity measures.
Thus, it is recommended to exercise caution in the trading while you operate with the pair; always place stop loss.
Therefore, we suggest selling below the 1.6135 fractal. If the pair breaks the trend line, we can enter the bullish wave. You can decide whether to buy or sell. 
If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com If you like my technical analysis, please vote for me, in the portal MT5.com, please login and then vote for me. Thanks. EUR/USD Around Trendline For October 26, 2012 (Daily Strategy) 2012-10-26 This morning the EUR/USD pair touched the main uptrend line at 1.2877. Then there was bounce due to uncertainty over whether Spain will request a bailout. This data is creating a climate of pessimism and optimism. Many have appetite for risk, and others to risk aversion that is affecting many operators that even some have ceased trading this pair.
It certainly appears that a new bearish movement for the euro is about to explode. If the pair breaks the main bearish trendline and trades below the 200 day moving average periods, there will be the beginning of a new wave bassist that can press back up to 1.25. We see what happens. It's certainly not going to fall quickly but the level is the objective.
We maintain our bullish outlook above 1.2750, as we have mentioned several times in our article. Therefore, we recommend buying this current price level of 1.2895 with targets1.3005 and 1.3120. Strong resistance.
The technical indicator is showing a consolidation at current levels and a move higher is likely seen. 
If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com If you like my technical analysis, please vote for me, in the portal MT5.com, please login and then vote for me. Thanks. Fundamental Analysis For October 26, 2012 2012-10-26 The data on U.S. GDP for the third quarter is just published. The 2% growth shows modest but sustained recovery in the world's largest economy just few days before the presidential election. The first impact, as reflected in the Dow Jones index futures was very positive. It left its quote, in principle, the uptrend line in weekly chart of 13 months, and the breakdown could mean a change in direction of the index in the medium term. Also, the data favored, at least in the minutes after publication, to the European currencies. They are mixed against the dollar. While the euro plummets and touched 1.2880 the British pound is reaching highs of several days, driven by the first positive UK GDP in four quarters published on Thursday. However, today's data could unify the behavior of leading currencies against the dollar, which in turn, would fall in good shape in the American session if, as expected, NYSE actions take bullish strength. However, as shown and as has occurred throughout this month, the prices of the major pairs move very cautiously, in very narrow ranges, giving good opportunities in the short term, but longer trends jolting. The consumer confidence data issued by the University of Michigan will be published at 9:55 shaping trends that are likely to begin to take shape with the opening bell for the U.S. trading session. GBP/USD Intraday Technical Analysis and Trading Recommendations for October 26, 2012 2012-10-26  
GBP/USD expressed daily closure below the lower limit of the depicted bullish channel which extended the bearish movement towards 1.5970 which has been providing considerable support for the pair.
The lower limit of the broken DAILY channel was retested around the price zone of 1.6160 - 1.6180 last week triggering a suggested SELL entry which hit its full target at 1.5930.
As it was expected, strong bullish rejection was expressed on testing 50% Fibonacci around 1.5930 which provided a valid low risk BUY entry.
The upper limit of the depicted 4H channel around 1.6140 (an Intraday Resistance Level) is being re-tested this week showing significant bearish price action so far. However, SELLING is risky this time due to the strong bullish rejection manifested this week. That's why a small lot SELL entry is suggested off 1.6140 with tight SL placed above 1.6180.
Support: 1.6060, 1.6020, 1.5960, and 1.5920.
Resistance: 1.6125, 1.6175, and 1.6260.
USD/CAD Intraday Technical Analysis and Trading Recommendations for October 26, 2012 2012-10-26  
The USD/CAD bullish movement managed to break above the upper limit of the depicted long-term channel (0.9725). It was considered to be a bullish signal in the long term with a confirmed bullish 123 reversal pattern appearing on the DAILY chart. It is targeting 0.9980 as long as the pair is fixating above 0.9880.
Last week, considerable bullish price action was expressed towards 0.9770 (the newly established ascending bottom) which is considered to be a quite strong bullish manifestation.
Price zone 0.9820 - 0.9850 is now considered to be an Intraday Support zone. In order to resume the targets for the bullish patterns targeting around 0.9980 there should remain consolidating above this zone.
Price area 0.9960-0.9975 corresponding to the upper limit of the newly established 4H bullish channel is considered to be a strong Intraday Resistance zone where a bearish retracement would probably take place towards 0.9820 - 0.9850 before further continuation of the bullish movement starts.
EUR/USD Testing Key Trendline Support for October 26, 2012 2012-10-26  
The EUR/USD market has been bearish the last couple of weeks since finding resistance near 1.3140.
The EUR/USD pair attempted to push lower yesterday, but found a good support at the lower limit of the bullish channel depicted on the DAILY chart above and traded higher earlier yesterday hitting 1.3012.
If the market fixates above 1.2875, it respects the trendline. However, a clear break below 1.2850 is likely a confirmed break of the trendline.
The bias is bullish in the short term, especially if price is able to make a clear break above 78.6% Fibonacci Level around price level of 1.3015 allowing the pair to reach 1.3070 initially.
The H&S bearish scenario (4H chart) also remains intact; but an obvious break back below 1.2950 is needed to continue the bearish pressure retesting the lower limit of the bullish channel and 1.2900 Price Zone. Subscription's options management Theme's:
Fundamental analysis, Fractal analysis, Wave analysis, Technical analysis, Review, Forecast, Stock Markets
Author's :
Alexander Dneprovskiy, Aleksey Goncharov, Maxim Magdalinin, Stanislav Polyanskiy, Alexey Portnov, Natalia Grigorieva, Aleksey Almazov, Asri Mahmood, Denis Strelkov, Arief Makmur, Gleb Kabanov, Vadim Idrisov, Gerardo Porras Palomino, Albert Fitoussi, Sergey Dushechkin, Mohamed Samy, Vyacheslav Belousov, Oleg Khmelevskiy, Mourad El Keddani, Sergey Litvinenko, Muzammil Hussain Bhatti, Grigory Sokolov, Mohamed Nour Elden Beshir, Yuriy Zaycev, Andrey Syrbu, Harsh Japee, Dmitriy Demidenko, Azeez Mustapha, Nikita Kabanovs, Ahsan Aslam
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