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Author Topic: InstaForex - instaforex.com  (Read 528097 times)

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Offline Instaforexbuk (OP)

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Re: InstaForex - instaforex.com
« Reply #60 on: December 08, 2016, 04:17:19 PM »
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Technical analysis of USD/CHF for December 08, 2016



Overview:

 The USD/CHF pair faces resistance at 1.0124, while strong resistance is seen at 1.0160. Support is found at 1.0017 and 0.9973 levels. Today, the USD/CHF pair continues to move downwards from 1.0124 level. The pair could fall from 0.7342 level to the first support around 1.0062. Therefore, if the USD/CHF pair breaks support at 1.0062, this level will turn into resistance today. In the H4 time frame, the 1.0062 level is expected to act as minor resistance. Hence, we expect the USD/CHF pair to continue moving in the bearish trend from 1.0062 level towards the target at 1.0017. In the long term, if the pair succeeds in passing through 1.0017 level, the market will indicate the bearish opportunity below 1.0017 level in order to reach the second target at 0.9973. However, the 0.9973 area remains a significant support zone. Thus, the trend will probably rebound again from 0.9973 level as long as this level is not breached. Overall, we still prefer the bearish scenario below the area of 1.0124. According to the previous events, the USD/CHD pair is still moving between the levels of 1.0062 and 0.9973; for that we expect a range of 89 pips (1.0062 - 0.9973).

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Re: InstaForex - instaforex.com
« Reply #61 on: December 09, 2016, 04:36:02 PM »
USD/CHF at major resistance, prepare to sell

Price is now at major resistance 1.0177 (Fibonacci retracement, horizontal swing high resistance) where we expect a reaction from for a drop to at least 1.0115 support (Fibonacci retracement, horizontal pullback support).

Stochastic (21,5,3) is seeing major resistance below the 90% level.

Sell below 1.0177. Stop loss at 1.0215. Take profit at 1.0115.



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Re: InstaForex - instaforex.com
« Reply #62 on: December 13, 2016, 12:32:23 PM »
Technical analysis of GBP/JPY for December 13, 2016



GBP/USD is expected to trade with a bullish bias. The pair has entered a consolidation phase after striking 146.40 on the upside. Currently it has located support from the ascending 20-period moving average, which is far above the 50-period one. Meanwhile, the intraday relative strength index keeps riding on a rising trend line, indicating continued upward momentum for the pair.

Above 145.40, the pair should rise further to 146.40, a key overlapping level of resistance and support seen on Dec 9. Key support is located at 145.40.

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. Therefore, long positions are recommended with the first target at 146.40 and the second one at 147. In the alternative scenario, short positions are recommended with the first target at 144.65 if the price moves below its pivot point. A break of this target is likely to push the pair further downwards, and one may expect the second target at 144.15. The pivot point lies at 145.40.

Resistance levels: 146.40, 147.00, 147.85

Support levels: 144.65, 144.15, 143.30

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Re: InstaForex - instaforex.com
« Reply #63 on: December 14, 2016, 02:27:13 PM »
Technical analysis of USD/CHF for December 14, 2016



USD/CHF is expected to trade with a bearish bias.

 The pair remains on the downside, backed by its declining 50-period moving average. The relative strength index is bearish below its neutrality area at 50. In addition, the process of lower highs and lows remains intact, which should confirm a negative outlook. The U.S. dollar was little changed after its retreat on Monday.

The ICE U.S. Dollar Index managed to hold onto the 101.00 level. Traders were waiting for the highly-expected 25-basis-point interest-rate rise to be confirmed by the Federal Reserve, and watching closely if the central bank would indicate the pace of higher rates. Hence, as long as 1.0145 is not surpassed, likely decline to 1.0080 and 1.0035 in extension.

 Resistance levels: 1.0170, 1.0195, 1.0215

Support levels: 1.0080, 1.0060, 1.0035

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Re: InstaForex - instaforex.com
« Reply #64 on: December 15, 2016, 02:13:46 PM »
AUD/USD dropping perfectly as expected, remain bearish

Price has dropped perfectly from our selling area as expected and is approaching fast our profit target. We tighten our stop loss and consider selling further below 0.7431 resistance (Fibonacci retracement, horizontal pullback resistance) for a drop to at least 0.7310 (Fibonacci projection, horizontal swing low support).Stochastic (21,5,3) is seeing strong resistance at the 93% level and is also displaying a bearish divergence vs price.

Sell below 0.7431. Stop loss at 0.7524. Take profit at 0.7310.



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Re: InstaForex - instaforex.com
« Reply #65 on: December 16, 2016, 09:35:37 AM »
Technical analysis of gold for December 16, 2016

Gold price made a new low towards our next target of $1,120 where the 78.6% Fibonacci retracement of the entire 2015-2016 rise is found. Trend remains bearish. However these price levels are very important as from these levels we could see at least a short-term bounce.



old price is trading below both the tenkan- and kijun-sen (red and yellow line indicators). As long as price remains below them there is no chance of a bounce. Cloud resistance is at $1,165 and only if price breaks above we could say that short-term trend has changed to bullish.




As said above, price reached very close to the 78.6% Fibonacci retracement of the entire rise. A strong bounce is justified from current levels. $1,220 could be the first target as this is the lower cloud boundary. Price is also inside a downward sloping wedge. If broken upwards we could even see a bounce towards the start of the wedge around $1,280-$1,300.

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Re: InstaForex - instaforex.com
« Reply #66 on: December 19, 2016, 03:29:36 PM »
Technical analysis of the US dollar index for December 19, 2016



Technical outlook and chart setups:

The US dollar index is seen to be carving out its higher wave 3 within 5 waves movement from the lows set on November 9 as depicted here. The index dropped lower to the wave 2 on December 8 and is carving wave 3 at this moment. Furthermore, the index has completed the wave 4 today at 102.50 levels and bounced higher into its potential wave 5 rally. The index is trading at 102.89 levels for now and if the above wave structure holds true, the price is likely to remain above 101.50/60 levels. It looks good to keep long positions around there levels with a risk at 101.50 levels. Immediate short-term support is seen at 102.50 levels, while resistance lies at 103.50.

Trading recommendations: Stay long for now with the stop at 101.50, targeting 104.00.

Good luck!

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Re: InstaForex - instaforex.com
« Reply #67 on: December 20, 2016, 04:15:19 PM »
Technical analysis of USD/CHF for December 20, 2016



USD/CHF is expected to trade with bearish bias. The pair is now challenging its resistance at 1.0300 which may limit any upward attempts. The relative strength index is mixed and calls for caution. Therefore, a continuation of the consolidations cannot be ruled out at the current stage.

On the economic data front, Markit U.S. services PMI decreased in December to 53.4 in a preliminary estimate (estimated 55.2) from 54.6 in the previous month. Markit U.S. composite PMI diminished to 53.7 in December in a preliminary estimate compared with 54.9 in the prior month.

As long as 1.0300 holds on the upside, look for a return to 1.0235 & 1.0210 in extension.

Resistance levels: 1.0320, 1.0345, 1.0375

Support levels: 1.0235, 1.0210, 1.0180

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Re: InstaForex - instaforex.com
« Reply #68 on: December 21, 2016, 03:56:54 PM »
Technical analysis of USD/CHF for December 21, 2016



Overview:

The USD/CHF pair is still placed above strong support at the level of 1.0266. This support has been rejected several times confirming strong bullish momentum. The current price is seen at 0.6616, which represents a key level, because the level of 0.6616 will act as the first resistance today 1.0290. For this reason, major support is seen at the level of 1.0266 because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend from the area of 1.0266 and 1.0345. The USD/CHF pair is trading in a bullish trend from the last support line of 1.0266 toward the first resistance level at 1.0300 in order to test it. This is confirmed by the RSI indicator signaling that we are still in the bullish market. The pair is likely to begin an ascending movement to the point of 1.0300 and further to the levels of 1.0345. The level of 1.0345 will act as second resistance so as to test the double top. Also, it should be noted that we still prefer the bullish scenario. On the other hand, stop loss should always be taken into account, accordingly, it will be of beneficial to set the stop loss below the last bottom at 1.0215.

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Re: InstaForex - instaforex.com
« Reply #69 on: December 22, 2016, 01:38:52 PM »
USD/JPY dropping toward the profit target, remain bearish

Price is dropping nicely toward our profit target. We remain bearish below resistance at 118.16 (Fibonacci retracement, Fibonacci projection) for a drop to at least 116.14 support (Fibonacci projection, Fibonacci retracement, horizontal pullback support).

 Stochastic (34,5,3) remains bearish below 94% resistance.

Sell below 118.26. Stop loss at 118.71. Take profit at 116.14.




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Re: InstaForex - instaforex.com
« Reply #70 on: December 23, 2016, 02:42:35 PM »
Technical analysis of EUR/USD for Dec 23, 2016



When the European market opens, some economic data will be released such as French Consumer Spending m/m and GfK German Consumer Climate. The United States will release some macroeconomic statistics as well: such as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, and New Home Sales. Amid the reports, the EUR/USD pair will move with a low to medium volatility throughout the day.

TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.0489.

Strong Resistance:1.0482.

Original Resistance: 1.0472.

Inner Sell Area: 1.0462.

Target Inner Area: 1.0437.

 Inner Buy Area: 1.0412.

Original Support: 1.0402.

Strong Support: 1.0392.

Breakout SELL Level: 1.0385.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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Re: InstaForex - instaforex.com
« Reply #71 on: December 28, 2016, 04:07:37 PM »
Daily analysis of GBP/USD for December 28, 2016

GBP/USD is still supported by the 1.2250 and it's expected to remain within that tone across the board, at least during the last week of the year. The resistance zone of 1.2317 will play a key role ahead of January, as it could bring some barrier to the bulls in the first week of trading on 2017. If a breakout happens over there, it can cling to test the 1.2390 area.



H1 chart's resistance levels: 1.2318 / 1.2390

H1 chart's support levels: 1.2249 / 1.2185

Trading recommendations for today: Based on the H1 chart, sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.2249, take profit is at 1.2185 and stop loss is at 1.2312.

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Re: InstaForex - instaforex.com
« Reply #72 on: December 29, 2016, 03:19:17 PM »
Technical analysis of NZD/USD for December 29, 2016



Overview:

 The NZD/USD pair continues to move upwards from the level of 0.6905. Today, the first support level is seen at 0.6905; the price is moving in a bullish channel now. Furthermore, the price has set above the strong support at the level of 0.6905, which coincides with the 11.8% Fibonacci retracement level on the H1 time frame. This support has been rejected several times confirming the veracity of an uptrend this week. According to the previous events, we expect the NZD/USD pair to trade between 0.6905 and 0.7005. So, the support stands at 0.6905, while daily resistance is seen at the 0.7005 level. Therefore, the market is likely to show signs of a bullish trend around the spot of 0.6950. In other words, buy orders are recommended above 0.6950 with the first target at the level of 0.7005 and the next one at 0.7048. On the other hand, if the NZD/USD pair fails to break through the resistance level of 0.7005 today, the market will decline further to 0.6861 in order to retest the double bottom again on the same time frame.

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Re: InstaForex - instaforex.com
« Reply #73 on: December 30, 2016, 09:35:05 AM »
Technical analysis of GBP/JPY for December 30, 2016



GBP/JPY is expected to trade with bullish bias above 142.75. The pair is posting a pullback but stays above its horizontal support at 142.75. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. As long as 142.75 is not broken below, further bounce is expected with 143.90 as the next target.

 The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. Therefore, long positions are recommended with the first target at 143.90 and the second one at 144.20. In the alternative scenario, short positions are recommended with the first target at 142.50 if the price moves below its pivot point. A break of this target is likely to push the pair further downwards, and one may expect the second target at 142.25. The pivot point lies at 142.75.

Resistance levels: 143.90, 144.20, 145.15

Support levels: 142.50,142.25, 141.60

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Re: InstaForex - instaforex.com
« Reply #74 on: January 03, 2017, 02:33:38 PM »
EUR/USD Technical Analysis for January 03, 2017.



Technical outlook and chart setups:

The EUR/USD pair looks to have finally pushed through the larger trend that is down and ruled out the former probability of an expanded flat discussed yesterday. The pair has pushed lower through 1.0400/1.0380 levels today and is seen to be trading at 1.0390 level for now, testing an intermediary support trend line as depicted here. Please note that 1.0650 level should act as formidable resistance now and selling on rallies should be the preferred strategy going ahead. It is now recommended to sell through 1.0550/55 levels, which is fibonacci 0.618 resistance of the entire drop between 1.0650 and 1.0380 levels respectively, with risk above 1.0650 level. Immediate support is seen at 1.0380 level, while resistance is seen at 1.0670 level respectively.

Trading recommendations:

 Sell around 1.0550 levels, stop at 1.0670, target 1.0000

 Good luck!

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Re: InstaForex - instaforex.com
« Reply #75 on: January 04, 2017, 03:38:50 PM »
Technical analysis of USD/JPY for January 04, 2017



USD/JPY is expected to trade with a bullish bias above 117.75. The pair has bounced up from another test of support at 117.50 and broke above its 20-period moving average. The relative strength index is around its neutrality level at 50 and lacks downward momentum. A support base at 117.75 has formed and should limit the downside potential. As long as 117.75 holds on the downside, look for a further upside toward 118.35. A break above 118.35 would call for a further advance toward 118.60.

Recommendation:

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. Therefore, long positions are recommended with the first target at 118.35 and the second one, at 118.60. In the alternative scenario, short positions are recommended with the first target at 117.50 if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 117.25. The pivot point is at 117.75.

Resistance levels: 118.35, 118.60, 119

Support levels: 117.50, 117.25, 116.90

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Re: InstaForex - instaforex.com
« Reply #76 on: January 05, 2017, 02:44:53 PM »
Technical analysis of EUR/USD for Jan 05, 2017



When the European market opens, some economic data will be released such as ECB Monetary Policy Meeting Accounts, Spanish 10-y Bond Auction, French 10-y Bond Auction, PPI m/m, and Retail PMI. The US will release a batch of statistics such as Crude Oil Inventories, Natural Gas Storage, ISM Non-Manufacturing PMI, Final Services PMI, Unemployment Claims, ADP Non-Farm Employment Change, and Challenger Job Cuts y/y. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.0590.

Strong Resistance:1.0583.

Original Resistance: 1.0573.

Inner Sell Area: 1.0563.

Target Inner Area: 1.0538.

Inner Buy Area: 1.0513.

Original Support: 1.0503.

Strong Support: 1.0493.

 Breakout SELL Level: 1.0486.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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Re: InstaForex - instaforex.com
« Reply #77 on: January 06, 2017, 01:54:50 PM »
Technical analysis of EUR/JPY for January 6, 2017


General overview for 06/01/2017:

The marginal new low was made at the level of 122.01 and then the price reacted impulsivley to the upside. Nevertheless, the low is still way above the impulsive wave invalidation line at the level of 121.59. The whole structure between the levels of 123.85 and 122.25 looks like a double three corrective pattern as it is full of whipsaws and false breakouts in both directions. The most important level is the weekly pivot at the level of 122.93 and intraday support at the level of 122.25. The bias remains bullish as there are unfinished waves to the upside.

Support/Resistance:

124.28 - WR1

123.85 - Intraday Resistance

122.92 - Weekly Pivot

122.01 - Intraday Support

122.04 - WS1

 Trading recommendations:

Day traders should still consider buying the dips in this market as the upward wave progression is uncompleted.



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Re: InstaForex - instaforex.com
« Reply #78 on: January 09, 2017, 04:17:12 PM »
Technical analysis of USD/JPY for Jan 09, 2017



In Asia, Japan will not release any Economic Data today, but the US will release some Economic Data, such as Consumer Credit m/m and Labor Market Conditions Index m/m. So, there is a probability the USD/JPY will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:

Resistance. 3: 117.85.

Resistance. 2: 117.62.

Resistance. 1: 117.39.

Support. 1: 117.10.

Support. 2: 116.87.

Support. 3: 116.64.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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Re: InstaForex - instaforex.com
« Reply #79 on: January 10, 2017, 03:07:53 PM »
Technical analysis of NZD/USD for January 10, 2017



NZD/USD is expected to trade with a bullish bias. The pair is trading above its rising 20-period and 50-period moving averages, which play support roles and maintain the upside bias. The relative strength index stands firmly above its neutrality level at 50. As long as 0.7000 is support, look for a further upside toward 0.7070. A break above this level would call for a further advance toward 0.7100.

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. Therefore, long positions are recommended with the first target at 0.7070 and the second one at 0.7100. In the alternative scenario, short positions are recommended with the first target at 0.6975 if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 0.6945. The pivot point is at 0.700.

Resistance levels: 0.7070, 0.7100, 0.7145

Support levels: 0.6940, 0.6925, 0.6885

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Offline Instaforexbuk (OP)

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Re: InstaForex - instaforex.com
« Reply #80 on: January 11, 2017, 03:58:56 PM »
Technical analysis of GBP/JPY for January 11, 2017



GBP/JPY is expected to trade in a lower range as the key resistance is holding at 141.560. The pair is rebounding and broke above its 20-period and 50-period moving averages. The relative strength index is above its neutrality level at 50. Nevertheless, 141.50 is playing a key resistance role, which should limit the upside potential. As long as this key level is not broken, we keep our negative view unchanged with down targets at 140.60 and even 140.15 in extension.

The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 140.60. A break below this target will move the pair further downwards to 140.15. The pivot point stands at 141.50. If the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, long positions are recommended with the first target at 142.00 and the second one at 142.40.

Resistance levels: 142.00, 142.40, 143.00

Support levels: 140.60, 140.15, 139.10

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Re: InstaForex - instaforex.com
« Reply #81 on: January 12, 2017, 02:37:57 PM »
Technical analysis of USD/JPY for January 12, 2017



USD/JPY is expected to trade in a lower range as the key resistance is at 115.65. The pair accelerated on the downside last night after the break below its intraday rising trend line. Even though a technical rebound cannot be ruled out at the current stage, its extent should be limited. Besides, the falling 20-period moving average acts as a strong resistance. Hence, as long as 115.65 is not clearly surpassed, look for a return to 114.20 and 114.00 in extension.

 Recommendation: The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 114.20. A break below this target will move the pair further downwards to 114.00. The pivot point stands at 115.65. If the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, long positions are recommended with the first target at 116.00 and the second one at 116.35.

Resistance levels: 116.00, 116.35, 116.75

Support levels: 114.20, 114.00, 113.70

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Offline Instaforexbuk (OP)

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Re: InstaForex - instaforex.com
« Reply #82 on: January 13, 2017, 02:19:56 PM »
Technical analysis of EUR/USD for Jan 13, 2017




When the European market opens, there is no Economic Data will be, but the US will release the economic data, such as Federal Budget Balance, Prelim UoM Inflation Expectations, Business Inventories m/m, Prelim UoM Consumer Sentiment, Core PPI m/m, Retail Sales m/m, PPI m/m and Core Retail Sales m/m, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.0660.

Strong Resistance:1.0653.

Original Resistance: 1.0643.

Inner Sell Area: 1.0633.

Target Inner Area: 1.0608.

Inner Buy Area: 1.0583.

Original Support: 1.0573.

Strong Support: 1.0563.

Breakout SELL Level: 1.0556.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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Re: InstaForex - instaforex.com
« Reply #83 on: January 16, 2017, 01:30:32 PM »
Technical analysis of NZD/USD for January 16, 2017



NZD/USD is expected to trade with bearish bias as the key resistance at 0.7145. The pair failed to break above its key resistance at 0.7145 and is consolidating on the downside. The relative strength index is around its neutrality level at 50 and lacks upward momentum. Even though a continuation of technical rebound cannot be ruled out, its extent should be limited. The upward potential should be limited by its key resistance at 0.7145. As long as this key level holds on the upside, look for a further drop toward 0.7065 and even 0.7040 in extension.

The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 0.7065. A break below this target will move the pair further downwards to 0.7040. The pivot point stands at 0.7145. If the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, long positions are recommended with the first target at 0.7175 and the second one at 0.7200.

Resistance levels: 0.7175, 0.72, 0.7245

Support levels: 0.7060, 0.7040, 0.7

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Re: InstaForex - instaforex.com
« Reply #84 on: January 17, 2017, 02:51:31 PM »
Technical analysis of USD/CAD for January 17, 2017

General overview for 17/01/2017:

The high of the wave b (purple) has been made at the level of 1.3188 and now the market is trying to unfold the last wave down - c (purple).The most important level of the day is intraday support at the level of 1.3026 that will act as an invalidation level for the alternative green impulsive count as well. On the other hand, any violation of the intraday resistance at the level of 1.3293 will immediately invalidate the main count and the alternative scenario will replace it.

Support/Resistance:

1.2994 - WS1

1.3026 - Intraday Support

 1.3143 - Weekly Pivot

1.3188 - Intraday Resistnace

1.3259 - WR1

1.3293 - Techncal Resistance

1.3408 - WR2

 Trading recommendations: Day traders should consider opening buy orders only if the level of 1.3293 is clearly violated. TP should be left open for now, while the first logical level is the weekly pivot resistance at the level of 1.3408.



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Re: InstaForex - instaforex.com
« Reply #85 on: January 18, 2017, 01:16:03 PM »
Technical analysis of USD/JPY for Jan 18, 2017



In Asia, today Japan will not release any Economic Data, but the US will release some Economic Data, such as TIC Long-Term Purchases, Beige Book, NAHB Housing Market Index, Industrial Production m/m, Capacity Utilization Rate, Core CPI m/m, CPI m/m and the Fed Chair Yellen Speaks. So, there is a probability the USD/JPY will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:

Resistance. 3: 113.63.

 Resistance. 2: 113.41.

Resistance. 1: 113.19.

Support. 1: 112.91.

Support. 2: 112.69.

Support. 3: 112.47.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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Re: InstaForex - instaforex.com
« Reply #86 on: January 19, 2017, 03:19:05 PM »
Technical analysis of USD/CAD for January 19, 2017

General overview for 19/01/2017:

 The market reversed strongly to the upside and now is trading just below 50%Fibo of the last swing down. The gray rectangular zone is the first target projection area for wave 1/a (main count) or wave 2/b (alternative count). In case of a further breakout higher, the next resistance is seen at the 61%Fibo at the level of 1.3377. Those levels are the key resistance levels for the day, because the price might start to stall/reverse at one of those levels and move lower in order to test the intraday support at the levle of 1.3188.

Support/Resistance:

 1.2883 - WS2

1.2994 - WS1

1.3143 - Weekly Pivot

1.3188 - Intraday Support

1.3259 - WR1

1.3308 - Technical Resistance

1.3377 - 61%Fibo

1.3408 - WR2

 Trading recommendations: Day traders should keep the buy orders that are in play already, but the TP should be set lower than 1.3408 and for this two levels are appropriate: 1.33308 and 1.3377.



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Re: InstaForex - instaforex.com
« Reply #87 on: January 20, 2017, 01:31:48 PM »
Technical analysis of USD/CHF for January 20, 2017



USD/CHF is expected to extend its upside movement. The pair broke above its previous key resistance at 1.0050, which becomes a key support now, and accelerated on the upside. The upward momentum is further reinforced by its rising 20-period and 50-period moving averages. The relative strength index is bullish above its neutrality level at 50 and lacks downward momentum. U.S. economic data released were robust. The Commerce Department reported that housing starts increased 11.3% on month to seasonally adjusted annual rate of 1.23 million (vs. +10.1% to 1.20 million expected). The Labor Department said initial jobless claims amounted to 234,000 in the week ended January 14 (vs. 252,000 expected). As long as the key level at 1.0055 is support, look for a further upside toward 1.0120 and 1.0135 in extension.

Resistance levels: 1.0120, 1.0135, 1.0180

Support levels: 1.0030, 1.0010, 0.9975

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Re: InstaForex - instaforex.com
« Reply #88 on: January 23, 2017, 02:10:32 PM »
Technical analysis of NZD/USD for January 23, 2017



NZD/USD is expected to trade with a bullish bias. The pair broke above its 50-period moving average and is holding on the upside. The 20-period moving average is turning up and is playing support role. The relative strength index is supported by a rising trend line and is above its neutrality level at 50. As long as 0.7155 is support, look for a further upside toward 0.7225 and even 0.7245 in extension.

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. Therefore, long positions are recommended with the first target at 0.7225 and the second one at 0.7245. In the alternative scenario, short positions are recommended with the first target at 0.7145 if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 0.7115. The pivot point is at 0.7165.

Resistance levels: 0.7225, 0.7245, 0.7275

Support levels: 0.7145, 0.7115, 0.7090

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Re: InstaForex - instaforex.com
« Reply #89 on: January 24, 2017, 03:31:19 PM »
Technical analysis of EUR/USD for Jan 24, 2017



When the European market opens, some Economic Data will be released, such as Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI. The US will release the economic data, too, such as Richmond Manufacturing Index, Existing Home Sales, and Flash Manufacturing PMI, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

 TODAY'S TECHNICAL LEVEL:

 Breakout BUY Level: 1.0811.

Strong Resistance:1.0805.

 Original Resistance: 1.0794.

Inner Sell Area: 1.0783.

Target Inner Area: 1.0758.

Inner Buy Area: 1.0733.

Original Support: 1.0722.

Strong Support: 1.0711.

 Breakout SELL Level: 1.0705.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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