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Re: InstaForex Analysis

USD/JPY intraday technical levels for September 06, 2013

http://forex-images.instaforex.com/userfiles/20130906/!UJ06092013.jpg

TODAY's  TECHNICAL  LEVELS:
Resistance. 3: 100.39.
Resistance. 2: 100.18.
Resistance. 1: 99.96.
Support. 1: 99.70.
Support. 2: 99.48.
Support. 3: 99.27.   

DESCRIPTION:
Please, pay attention to the levels of support 3 (99.27) and resistance 3 (100.39). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that this currency pair has found a trend today. 

More analysis - at instaforex.com

Re: InstaForex Analysis

USD/JPY intraday technical levels for September 09, 2013

http://forex-images.instaforex.com/userfiles/20130909/!USDJPY_09092013.jpg

TODAY's  TECHNICAL  LEVELS:   
Resistance. 3: 100.18.
Resistance. 2: 99.98.
Resistance. 1: 99.79.
Support. 1: 99.55.
Support. 2: 99.35.
Support. 3: 99.15.   

DESCRIPTION:
Please, pay attention to the levels of support 3 (99.15) and resistance 3 (100.18). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

More analysis - at instaforex.com

Re: InstaForex Analysis

USD/JPY intraday technical levels for September 11, 2013

http://forex-images.instaforex.com/userfiles/20130911/!USDJPY_12092013.jpg

TODAY's  TECHNICAL  LEVELS:
Resistance. 3: 100.85.
Resistance. 2: 100.65.
Resistance. 1: 100.46.
Support. 1: 100.21.
Support. 2: 100.01.
Support. 3: 99.81.   

DESCRIPTION:
Please, pay attention to the levels of support 3 (99.81) and resistance 3 (100.85). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.   

More analysis - at instaforex.com

Re: InstaForex Analysis

USD/JPY intraday technical levels for September 12, 2013

http://forex-images.instaforex.com/userfiles/20130912/!USDJPY_12092013.jpg

TODAY's  TECHNICAL  LEVELS:
Resistance. 3: 100.09.
Resistance. 2: 99.90.
Resistance. 1: 99.70.
Support. 1: 99.46.
Support. 2: 99.27.
Support. 3: 99.07. 

DESCRIPTION:
Please, pay attention to the levels of support 3 (99.07) and resistance 3 (100.09). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

More analysis - at instaforex.com

Re: InstaForex Analysis

Silver near support levels Of 21.00/50. Looking to initiate longs

http://forex-images.instaforex.com/userfiles/20130913/xagusd13092013.jpg

Technical outlook and chart setups:
The metal is very constructive for bulls. At the moment, it is at the fibonacci 0.5 retracement of the recent rally from 19.00 to 25.00. A bullish reversal here could be used as initiating, at least, 50% of long positions. The remaining could be picked up at around the 21.00 levels. Intermediary resistance is at the 24.00 levels, followed by 25.00 and higher; while support is at 19.00/20, followed by the 18.75/25 levels respectively. The metal is in the buy zone of the rising trendline; hence a possible reversal consideration is ruled out for the moment.

Trading recommendations:
Go long 50% positions now, and remaining at 21.00/50, stop is at 19.00.

More analysis - at instaforex.com

Re: InstaForex Analysis

USD/JPY intraday technical levels for September 16, 2013

http://forex-images.instaforex.com/userfiles/20130916/!USDJPY_16092013.jpg

TODAY's  TECHNICAL  LEVELS:
Resistance. 3: 99.34.
Resistance. 2: 99.15.
Resistance. 1: 98.96.
Support. 1: 98.72.
Support. 2: 98.53.
Support. 3: 98.33.   

DESCRIPTION :
Please, pay attention to the levels of support 3 (98.33) and resistance 3 (99.34). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

More analysis - at instaforex.com

Re: InstaForex Analysis

USD/JPY intraday technical levels for September 17, 2013

http://forex-images.instaforex.com/userfiles/20130917/!USDJPY_17092013.jpg

TODAY's  TECHNICAL  LEVELS:
Resistance. 3 : 99.69.
Resistance. 2 : 99.50.
Resistance. 1 : 99.30.
Support. 1    : 99.06
Support. 2    : 98.87.
Support. 3    : 98.67. 

DESCRIPTION:
Please, pay attention to the levels of support 3 (98.67) and resistance 3 (99.69). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

More analysis - at instaforex.com

Re: InstaForex Analysis

Silver near 0.618 Fibonacci support.

http://forex-images.instaforex.com/userfiles/20130918/xagusd18092013.jpg

Technical outlook and chart setups:
The metal has dropped/retraced to the 21.50 levels as expected earlier. This level is also the 0.618 fibonacci support of the recent rally from 19.00 to 25.00, as depicted here. A bullish reversal here would confirm the next leg is up towards at least the 27.00 levels and more. As shown here, the support trendline is passing through the 20.00 area at the moment. Till the time prices remain in the buy zone of the support line, it is recommended to buy on dips. Intermediary resistance is seen at the 25.00 levels, while support is at 19.00, followed by 18.00/25 respectively. Hold on to long positions for now.

Trading recommendations:
Remain long for now, set stop below 19.00

More analysis - at instaforex.com

Re: InstaForex Analysis

USD/JPY intraday technical levels for September 19, 2013

http://forex-images.instaforex.com/userfiles/20130919/!USDJPY_19092013.jpg

TODAY's  TECHNICAL  LEVELS:
Resistance. 3 : 98.69.
Resistance. 2 : 98.50.
Resistance. 1 : 98.31.
Support. 1    : 98.06.
Support. 2    : 97.87.
Support. 3    : 97.67. 

DESCRIPTION:
Please, pay attention to the levels of support 3 (97.67) and resistance 3 (98.69). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

More analysis - at instaforex.com

Re: InstaForex Analysis

USD/JPY intraday technical levels for September 25, 2013

http://forex-images.instaforex.com/userfiles/20130925/!USDJPY_25092013.jpg

TODAY'S  TECHNICAL  LEVELS:
Resistance 3: 99.12.
Resistance 2: 98.93.
Resistance 1: 98.73.
Support 1: 98.49.
Support 2: 98.30.
Support 3: 98.10. 

DESCRIPTION:
Please pay attention to the levels of support 3 (98.10) and resistance 3 (99.12). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

More analysis - at instaforex.com

Re: InstaForex Analysis

USD/JPY intraday technical levels for September 26, 2013

http://forex-images.instaforex.com/userfiles/20130926/!USDJPY_26092013.jpg

TODAY's  TECHNICAL  LEVELS:
Resistance. 3 : 98.90.
Resistance. 2 : 98.71.
Resistance. 1 : 98.52.
Support. 1    : 98.28.
Support. 2    : 98.08.
Support. 3    : 97.89. 

DESCRIPTION:
Please, pay attention to the levels of support 3 (97.89) and resistance 3 (98.90). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.   

More analysis - at instaforex.com

Re: InstaForex Analysis

USD/JPY intraday technical levels for September 27, 2013

http://forex-images.instaforex.com/userfiles/20130927/!USDJPY_27092013.jpg

TODAY's  TECHNICAL  LEVELS:
Resistance. 3 : 99.43.
Resistance. 2 : 99.23.
Resistance. 1 : 99.04.
Support. 1    : 98.80.
Support. 2    : 98.61.
Support. 3    : 98.41. 

DESCRIPTION:
Please, pay attention to the levels of support 3 (98.41) and resistance 3 (99.43). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

More analysis - at instaforex.com

Re: InstaForex Analysis

USD/JPY intraday technical levels for September 30, 2013

http://forex-images.instaforex.com/userfiles/20130930/!USDJPY_30092013.jpg

TODAY's  TECHNICAL  LEVELS:
Resistance. 3 : 98.25.
Resistance. 2 : 98.06.
Resistance. 1 : 97.87
Support. 1    : 97.63.
Support. 2    : 97.44.
Support. 3    : 97.24.   

DESCRIPTION:
Please, pay attention to the levels of support 3 (97.24) and resistance 3 (98.25). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.   

More analysis - at instaforex.com

Re: InstaForex Analysis

USD/JPY intraday technical levels for October 03, 2013

http://forex-images.instaforex.com/userfiles/20131003/!USDJPY_03102013.jpg

TODAY's  TECHNICAL  LEVELS:
Resistance. 3 : 97.99.
Resistance. 2 : 97.80.
Resistance. 1 : 97.61.
Support. 1    : 97.38.
Support. 2    : 97.19.
Support. 3    : 96.99. 

DESCRIPTION:
Please, pay attention to the levels of support 3 (96.99) and resistance 3 (97.99). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

More analysis - at instaforex.com

Re: InstaForex Analysis

USD/JPY intraday technical levels for October 04, 2013

http://forex-images.instaforex.com/userfiles/20131004/!USDJPY_04102013.jpg

TODAY's  TECHNICAL  LEVELS:
Resistance. 3 : 97.64.
Resistance. 2 : 97.45.
Resistance. 1 : 97.26.
Support. 1    : 97.02.
Support. 2    : 96.83.
Support. 3    : 96.63.   

DESCRIPTION:
Please, pay attention to the levels of support 3 (96.63) and resistance 3 (97.64). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

More analysis - at instaforex.com

Re: InstaForex Analysis

AUD/USD analysis for October 07, 2013

http://forex-images.instaforex.com/userfiles/20131007/audusd.png

AUD/USD Elliott Wave 
Last week, the AUDUSD pair was trading upwards, corrective  wave a (coloured blue) of the bigger wave A (coloured red) was developing. During Friday's Asian and European sessions we could observe strong ascending movements from 0.9398 towards the 0.9447 level. Therefore, during the New York session this major currency continued trading upwards and the price reached the 0.9457 level. We can consider this move as the end of the a wave (coloured blue).At the moment, the AUDUSD pair is trading below 0.9403 and we are expecting to see one more push lower, before the price turns higher in the c of (y). In accordance with our wave rules and taking into account that wave Y should retrace 123.6% of wave X, we can define the potential targets with measuring wave X with take profit at 0.9542 (123.6% of wave A). To reduce the risk, we can use resistance point at the 0.9370 level as stop loss.

Support and Resistance 
(S3) 0.9323 (S2) 0.9355 (S1) 0.9393 (PP) 0.9425 (R1) 0.9463 (R2) 0.9495 (R3) 0.9533

Trading forecast 
Proceeding from Elliott Wave rules today, the trend is expected to begin upward movements. That is why long positions at the level of 0.9410 with stop loss at 0.9370 and take profit at 0.9542 are recommended.

More analysis - at instaforex.com

Re: InstaForex Analysis

USD/CAD analysis for October 08, 2013

http://forex-images.instaforex.com/userfiles/20131008/usdcad.png

USD/CAD Elliott Wave 
Since our last analyses the USDCAD pair has been trading upwards, so we need to look at our alternate count that tells us that wave (y) (coloured green) of the (b) wave (coloured black) is still developing. Yesterday, during the Asian and European sessions we could observe ascending movement from 1.0288 towards the 1.0332 level. Therefore, during the early New York session this commodity currency did not manage to hold this levels and the price has reached a new sessions low at 1.0296. At the moment, the USDCAD pair is trading around 1.0321 and we are expecting to see more bullish movements in the next few sessions. In accordance with our wave rules and taking into account that wave Y should retrace 100% of wave X, we can define the potential targets with measuring wave X with take profit at 1.0432 (100% of wave X). To reduce the risk, we can use invalidation point at the 1.0288 level as stop loss.

Support and Resistance
(S3) 1.0248 (S2) 1.0270 (S1) 1.0290 (PP) 1.0312 (R1) 1.0332 (R2) 1.0354 (R3) 1.0374

Trading forecast 
Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movements. That is why long positions at the level of 1.0350 with stop loss at 1.0288 and take profit at 1.0632 are recommended.

More analysis - at instaforex.com

Re: InstaForex Analysis

EURJPY takes trendline support at the 131.00 levels. Remain long

http://forex-images.instaforex.com/userfiles/20131010/eurjpy10102013.jpg

Technical outlook and chart setups:
As depicted here, the currency pair is seen bouncing off the recent/immediate trendline support around the 131.00 area. It is, therefore, recommended to remain long and also initiate further positions at the moment. Till the time the trendline remains intact, the pair should head north towards the 136.00 levels. Supports are at 127.00 followed by 125.00 in the daily chart, while resistance is at 135.00 respectively. Furthermore, the 0.618 fibonacci support is also passing through the same level, producing bullish bounce at the trendline at the moment. On the flip side, only a break of trendline would delay matters further.   

Trading recommendations:
Remain long for now, stop at 130.40, a target is open.

More analysis - at instaforex.com

Re: InstaForex Analysis

Silver technical levels and trading recommendations for October 11, 2013

http://forex-images.instaforex.com/userfiles/20131011/silver__11-10.png

Overview
According to our yesterday's expections, the price’s close below the Support level of 21.50 will give new opportunities for sell signals. Currently, the metal has already managed to close below the Support level to trade below and open the way towards 21.70 as the first target, then the metal must test the Support level of 21.70 to get more bearish move till reaching 20.90 as the second target. On the other hand, the metal's rebound from the Support level of 21.20 cancels bearish scenario. 

Resistance and support levels:
R3 (23.40),
R2 (22.70),
R1 (22.30),
S1 (22.00),
S2 (21.50),
S3(21.20).

More analysis - at instaforex.com

Re: InstaForex Analysis

Silver technical levels and trading recommendations for October 18, 2013

http://forex-images.instaforex.com/userfiles/20131018/silver_18-10.png

Overview
In today's H4 chart, the metal is still trading below the resistance level of 22.00 keeping its move above the upward trendline, and currently silver is testing the resistance level to continue its bullish movement. So we should wait for closing above this resistance area to create a new bearish opportunities. In that case the metal might open its way towards the resistance level of 22.30, then we should wait for breaking this resistance level to continue the bullish move, so we can consider our first target few pips below this resistance level, after that we should wait till reaching the resistance level of 22.50 as the second target.

Resistance and support levels: R3 (22.50), R2 (22.30), R1 (22.00), S1 (21.50), S2 (21.20), S3(20.90).

More analysis - at instaforex.com

Re: InstaForex Analysis

Silver rallies above the 22.00 levels. Immediate resistance is at 22.50

http://forex-images.instaforex.com/userfiles/20131022/xagusd22102013.jpg

Technical outlook and chart setups:
The metal rallied above the 22.00 levels yesterday, but it would be facing immediate resistance at the 22.50 levels soon. It is recommended to buy on dips from here on; the area of interest would be between 21.00 and 21.50. Immediate resistance is at 22.50, followed by 23.50, 24.00 and 25.00 on the higher side; while support is just below 21.00, followed by 19.00 and lower respectively. As seen here, the overall rally from 18.00 to 25.00 looks to have retraced to 0.618 fibonacci support; and prices are poised to rally further towards fresh highs of 28.00 and higher from here on. Watch out for dips towards the 21.50/21.00 levels to initiate long positions.

Trading recommendations:
Buy on dips from here on. Set stop at 20.00, target is open.

More analysis - at instaforex.com

Re: InstaForex Analysis

Silver rallies above past resistance at 22.50. Buy on dips now.

http://forex-images.instaforex.com/userfiles/20131023/xagusd23102013.jpg

Technical outlook and chart setups:
The metal has rallied above the past initial resistance at the 22.50 levels as depicted here. It is recommended to exit short positions if any and change the trading strategy to buying on dips from here on. Fibonacci retracement levels are pointing towards the 21.30/50 levels as best buy for the next projected rally towards 24.00 and higher. Initial resistance is at 23.40/50, followed by 24.00 and higher up; while intermediary support is at 20.50, followed by 19.00 and 18.00 respectively. Please also note that the falling resistance line, which would act as support now, is also passing across the same region around 21.30/50 for the next potential rally.

Trading recommendations:
Buy on dips towards 21.30/50.

More analysis - at instaforex.com

Re: InstaForex Analysis

EURJPY retracement should continue further. 1.32 in focus

http://forex-images.instaforex.com/userfiles/20131028/eurjpy28102013.jpg

Technical outlook and chart setups:
The currency pair seems to be poised to retrace further lower towards the 1.32 levels at least, as depicted here. Please note that the rising trendline is also passing through the same levels at the moment. It is recommended to initiate short positions (only 50%) with the risk at the 136.00 levels. Support levels are spread through 131.00-129.00, and 128.00; while resistance is fixed at the 135.50 levels, respectively. A bullish bounce at 132.00 would be favourable for building long positions again. In the short term, expect prices to retrace lower at least.

Trading recommendations:
Initiate short positions in small capacity, stop is at 136.00 target is at132.00

More analysis - at instaforex.com

Re: InstaForex Analysis

Gold begins retracement. 1,280-1,300 is the best buy

http://forex-images.instaforex.com/userfiles/20131030/xauusd30102013.jpg

Technical outlook and chart setups:
The metal looks to have begun retracement lower towards the1,280-1,300 area, as seen in the 4H chart. It is recommended to initiate long positions around the fibonacci 0.618 support area at 1,280/90. Though it remains possible that prices may dip further to the 1,275.00 levels before rallying further up. The 1,280/90 area is the best buy due to confluences of Fibonacci retracement levels, backside of the trend line that is support now, and a potential right shoulder of a possible inverted head-and-shoulder reversal here. Only a break of 1,250.00 would be a worry for the bulls now.

Trading recommendations:
Look to buy lower from here.

More analysis - at instaforex.com

Re: InstaForex Analysis

Silver retracement begins. The 21.20/50 levels in sight

http://forex-images.instaforex.com/userfiles/20131031/xagusd31102013.jpg

Technical outlook and chart setups:
The metal structure is unchanged from what has been discussed recently. The retracement began yesterday as it had been expected few sessions ago, and expectations are towards the 21.20/50 levels at least. Support levels are spread through the 20.50 levels, followed by 19.00 and sub 18.00 levels, while resistance levels are spread through the 23.50 levels, followed by 24.50 and higher, respectively. Till the time 20.50 is intact, the trend has possibly reversed to long-term and higher levels at 25.00 can be expected soon after retracement is finished.

Trading recommendations:
Look to buy lower.

More analysis - at instaforex.com

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