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EUR/JPY technical analysis for April 03, 2013
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RECOMMENDATION:
SELL stop (pending order) at 119.49.
Take profit at 119.35.
Stop loss at 119.59.
Alternative:
BUY stop (pending order) at 120.01.
Take profit at 120.15.
Stop loss at 119.91.
More analysis - at instaforex.com
Strategy of the day on GOLD
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Gold approaches the intermediate support of its medium-term bearish channel at 1,525 suggesting a rebound. However, a break of this level will free a large potential and reach the lower limit of its channel at 1,495. Technical indicators provide sell signals, but until the support is not broken the assumption of a rebound is most likely. Bollinger bands are much discarded as a result of a strong decline these days. Stabilization is expected in the short term. Gold approaches the intermediate support of its channel, we suggest 2 scenarios. The first one is the hypothesis of a rebound where we recommend a buy on the level of 1,525 with the 1st objective at 1,535 and then at 1,538. A breakthrough of 1,522 will invalidate this scenario. The second scenario is a break of its support where we advise a “sell stop” which means to sell gold as soon as it is broken through its support of 1,525 with the 1st objective at 1,515 and then at 1,512. A breakthrough of 1,528 will invalidate this scenario.
More analysis - at instaforex.com
AUD/USD technical analysis for April 5, 2013
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RECOMMENDATION:
Sell stop (pending order) at 1.0399.
Take profit at 1.0385.
Stop poss at 1.0409.
Alternatives:
Buy stop (pending order) at 1.0451.
Take profit at 1.0465.
Stop loss at 1.0441.
More analysis - at instaforex.com
AUD/USD weekly technical analysis for April 08-12, 2013
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This week, the AUD/USD will try to test the support at 1.0354. If this level is breached by this currency, then it will be going to test the 1.0316, although there is still a small probability that this currency will try testing a strong resistance at 1.0384-1.0388.
More analysis - at instaforex.com
EUR/JPY technical analysis for April 10, 2013
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RECOMMENDATION:
Buy stop (pending order) at 130.01.
Take profit at 130.15.
Stop loss at 129.91.
Alternative:
Sell stop (pending order) at 129.24.
Take profit at 129.10.
Stop loss at 129.34.
More analysis - at instaforex.com
AUD/USD technical analysis for April 11, 2013
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RECOMMENDATION:
Buy stop (pending order) at 1.0551.
Take profit at 1.0565.
Stop loss at 1.0541.
Alternative:
Sell stop (pending order) at 1.0499.
Take profit at 1.0485.
Stop loss at 1.0509.
More analysis - at instaforex.com
EUR/USD weekly technical analysis for April 15-19, 2013
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The EUR/USD is now trying to enter the median level between 1.3072 and 1.3033; if there is nothing significant fundamental news can affect, this currency will be playing within this zone. But if something happens due to fundamental news, causing the strong bearish sentiment for this currency and making the pair breach bellow the strong support at 1.3008-1.3004, then the EUR/USD will be going down to 1.2968 as the first target and 1.2922 as the second target.The opposite scenario: if the strong resistance between 1.3097 and 1.3101 is breached, then 1.3137 will be the first target and 1.3138, the second target from this currency pair.
More analysis - at instaforex.com
GBP/USD technical analysis for April 16, 2013
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RECOMMENDATION:
Sell stop (pending order) at 1.5249.
Take profit at 1.5235.
Stop loss at 1.5259.
Alternative:
Buy stop (pending order) at 1.5301.
Take profit at 1.5315.
Stop loss at 1.5291.
More analysis - at instaforex.com
Strategy of the day on GOLD
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Gold approaches the lower limit of its medium-term bearish channel at 1,325 suggesting a rebound. However, a break of this level will free a large potential and initiate a more violent bearish channel.
Technical indicators provide sell signals, but the price evolves in oversell zone and until the support is not broken the assumption of a rebound is most likely. Bollinger bands are much discarded as a result of a strong decline these days. Stabilization is expected in the short term.
Gold is currently testing the lower limit of its channel, we suggest 2 scenarios. The first one is the hypothesis of a rebound where we recommend a buy on the level of 1,325 with the 1st objective at 1,335 and then at 1,338. A breakthrough of 1,322 will invalidate this scenario. The second scenario is a break of its support where we advise a “sell stop” which means to sell gold as soon as it is broken through its support of 1,325 with the 1st objective at 1,315 and then at 1,312. A breakthrough of 1,328 will invalidate this scenario.
More analysis - at instaforex.com
AUD/USD technical analysis for April 18, 2013
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RECOMMENDATION:
SELL Stop (Pending Order) @ 1.0274.
Take Profit @ 1.0260.
Stop Loss @ 1.0284.
Alternative :
BUY Stop (Pending Order) @ 1.0326.
Take Profit @ 1.0340.
Stop Loss @ 1.0316.
More analysis - at instaforex.com
Strategy of the day on EUR/JPY
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The spot rate approaches the upper limit of its medium term bearish channel at 129.30 suggesting a decline. However, a break of these levels will initiate a violent bullish channel.
Technical indicators provide sell signals, but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have stabilized showing a more regular volatility.
The spot rate is currently testing the upper limit of its channel, so we suggest 2 scenarios: The first one is the hypothesis of a decline - then we recommend a sell on the level of 129.30 with the 1st objective at 128.70 and then at 128.50. A break through 129.50 will invalidate this scenario. The second scenario is a break of its resistance - then we recommend a “buy stop” that means to buy the spot rate as soon as it has broken through its resistance of 129.30 with the 1st objective at 129.90 and then at 130.10. A break through 129.10 will invalidate this scenario.
More analysis - at instaforex.com
Strategy of the day on EUR/JPY
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The spot rate approaches the intermediate support of its medium term bullish channel at 130.20 suggesting a rebound. However, a break of these levels will free a large potential and reach the lower limit of its channel at 129.60.
Technical indicators provide sell signals but until the support is not broken the assumption of a rebound is most likely. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.
The spot rate approaches the intermediate support of its channel - then we suggest 2 scenarios: The first one is the hypothesis of a rebound - then we recommend a buy on the level of 130.20 with the 1st objective at 130.80 and then at 131.00. A break through 130.00 will invalidate this scenario. The second scenario is a break of its support - then we recommend a “sell stop” that means to sell the spot rate as soon as it has broken through its support of 130.20 with the 1st objective at 129.60 and then at 129.40. A break through 130.40 will invalidate this scenario.
More analysis - at instaforex.com
AUD/USD technical analysis for April 23, 2013
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RECOMMENDATION:
SELL Stop (Pending Order) @ 1.0224.
Take Profit @ 1.0210.
Stop Loss @ 1.0234.
Alternatives:
BUY Stop (Pending Order) @ 1.0251.
Take Profit @ 1.0265.
Stop Loss @ 1.0241.
More analysis - at instaforex.com
Strategy of the day on GBP/USD
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The spot rate is currently testing the intermediate resistance of its medium term bearish channel at 1.5290 suggesting a decline. However, a break of these levels will allow it to reach the upper limit of its channel at 1.5350.
Technical indicators provide sell signals and until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have stabilized showing a more regular volatility.
The spot rate is currently testing the intermediate resistance of its channel, so we recommend 2 scenarios: The first one is the hypothesis of a decline - then we recommend a sell on the level of 1.5290 with the 1st objective at 1.5230 and then at 1.5210. A break through 1.5310 will invalidate this scenario. The second scenario is a break of its resistance - then we recommend a “buy stop” that means to buy the spot rate as soon as it has broken through its resistance of 1.5290 with the 1st objective at 1.5350 and then at 1.5370. A break through 1.5270 will invalidate this scenario.
More analysis - at instaforex.com
Strategy of the day on GOLD
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Gold is currently testing the intermediate resistance of its medium term bullish channel at 1.447 suggesting a decline. However, a break of these levels will allow it to reach the upper limit of its channel at 1.457.
Technical indicators provide sell signals but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands are much discarded as a result of a strong increase these days. Stabilization is expected in a short term.
Gold is currently testing the intermediate resistance of its channel, so we recommend 2 scenarios: the first one is the hypothesis of a decline - then we recommend a sell on the level of 1.447 with the 1st objective at 1.437 and then at 1.435. A break through 1.450 will invalidate this scenario. The second scenario is a break of its resistance then we recommend a “buy stop” that means to buy the gold as soon as it has broken through its resistance of 1.447 with the 1st objective at 1.457 and then at 1.460. A break through 1.444 will invalidate this scenario.
More analysis - at instaforex.com
Strategy of the day on EUR/USD
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The spot rate is currently testing the intermediate resistance of its medium term bearish channel at 1.3080 suggesting a decline. However, a break of these levels will allow it to reach the upper limit of its channel at 1.3140.
Technical indicators do not provide clear signals but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have stabilized showing a more regular volatility.
The spot rate is currently testing the intermediate resistance of its channel, so we recommend 2 scenarios: The first one is the hypothesis of a decline - then we recommend a sell on the level of 1.3080 with the 1st objective at 1.3020 and then at 1.3000. A break through 1.3100 will invalidate this scenario. The second scenario is a break of its resistance - then we recommend a “buy stop” that means to buy the spot rate as soon as it has broken through its resistance of 1.3080 with the 1st objective at 1.3140 and then at 1.3160. A break through 1.3060 will invalidate this scenario.
More analysis - at instaforex.com
EUR/USD weekly technical levels for April 29 - May 3, 2013
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Trading recommendations:
According to previous events, the price has still been trapped between 1.3075 and 1.3025.
Buy above 1.2960 with target at 1.3015, then 1.3090.
Below 1.3095 look for further downside with the first target of 1.3050, then 1.3010.
More analysis - at instaforex.com
EUR/JPY technical analysis for April 30, 2013
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RECOMMENDATION:
Sell stop (pending order) at 127.99.
Stop loss at 128.09.
Take profit at 127.85.
Alternatives:
Buy stop (pending order) at 128.51.
Stop loss at 128.41.
Take profit at 128.65.
More analysis - at instaforex.com
USD/CHF technical analysis for May 2, 2013
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Overview:
The price is probably going to form a strong support at 0.9210 (below 38.2% of Fibonacci retracement levels in the H1 chart. It formed the last bearish wave for the last three weeks and the level of 0.9210 acts as strong support. The saturation is likely to take place around 0.9210 because this level also forms the first strong support for April 17, 2013. Therefore, it is possible that the market will start showing bullish signs. The weekly support 2 is set at the level of 0.9210. In other words, buy deals are recommended above 0.9290 with the first target seen at the 0.9320 level and further at the 0.9350 level. Thus, it should be noted that the level of 0.9350 is a strong resistance (Note: support had become resistance as well as the ratio 61.8% of Fibonacci equals 0.9359).
More analysis - at instaforex.com
EUR/JPY technical analysis for May 3, 2013
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RECOMMENDATION:
Sell stop (pending order) at 127.99.
Stop loss at 128.09.
Take profit at 127.85.
Alternative:
Buy stop (pending order) at 128.26.
Stop loss at 128.16.
Take profit at 128.40.
More analysis - at instaforex.com
EUR/JPY technical analysis for May 6, 2013
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RECOMMENDATION:
Buy stop (pending order) at 130.26.
Stop loss at 130.16.
Take profit at 130.40.
Alternative:
Sell stop (pending order) at 129.74.
Stop loss at 129.84.
Take profit at 129.60.
More analysis - at instaforex.com
EUR/JPY technical analysis for May 7, 2013
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RECOMMENDATION:
Sell stop (pending order) at 129.24.
Stop loss at 129.34.
Take profit at 129.10.
Alternative:
Buy stop (pending order) at 129.76.
Stop loss at 129.66.
Take profit at 129.90.
More analysis - at instaforex.com
EUR/JPY technical analysis for May 8, 2013
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RECOMMENDATION:
Sell stop (pending order) at 129.49.
Stop loss at 129.59.
Take profit at 129.35.
More analysis - at instaforex.com
GBP/USD - Sell bellow 1.56 - for May 08, 2013 (daily strategy)
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The British pound will be more attenuated in its rise, and while it moves, as we have pointed several times, within a bullish channel on the daily charts. But in the medium and long term it is preparing for a fall to the level of 1.5280, the pound today is making a pullback to the bearish channel ceiling for the purpose of breaking it. Given that it is showing beginnings of a new bearish sequence, we recommend selling the pound at any price below 1.56 or on the level of 1.5560. Stop loss is placed on 1.5645, above 1.5623, weekly resistance, and above daily fractal 1.5633.
More analysis - at instaforex.com
EUR/JPY technical analysis for May 10, 2013
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RECOMMENDATION:
BUY Stop (Pending Order) @ 132.01.
Stop Loss @ 131.91.
Take Profit @ 132.15.
More analysis - at instaforex.com
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