forex software

Create and Test Forex Strategies

forex software
Forex Software
Products
Expert Advisor Studio Forex Strategy Builder Professional Express Generator CoinRang Trading Courses Historical Forex Data
Purchase Partners Repository Docs & Guides Forum

Skip to forum content

Forex Software

Create and Test Forex Strategies

You are not logged in. Please login or register.

(Page 7 of 62)

Forex Software → Market Analysis → InstaForex Analysis

Pages Previous 1 … 5 6 7 8 9 … 62 Next

You must login or register to post a reply

RSS topic feed

Posts: 151 to 175 of 1,547

  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

GBPCHF bounces off producing Morning Star at 1.44 levels

http://forex-images.instaforex.com/userfiles/20131104/gbpchf04112013.jpg

Technical outlook and chart setups:
The currency pair has bounced off the smartly producing a morning star around the vicinity of the 1.4380/1.44 levels as expected earlier. Also, the fibonacci 0.618 retracement level is seen passing through the same area. It is recommended to hold long positions taken earlier for an expected extension at the 1.49 levels from here on. Temporary resistance is being met at current levels and short-term setbacks are possible, but they should be in the form of retracement only. Intermediary support begins from the 1.4400 levels, followed by 1.42 and 1.4075; while resistance begins from the 1.4800 levels, followed by 1.5 respectively. Look to buy on dips till prices remain above 1.4350.

Trading recommendations:
Remain long, set stop at 1.43, target is at 1.49.

More analysis - at instaforex.com

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

EUR/USD intraday technical levels for November 5, 2013

http://forex-images.instaforex.com/userfiles/20131105/!EURUSD_5-11-2013.JPG

Yesterday, after the release of the Italian Manufacturing PMI below the market expectations, the EUR/USD got under pressure to go down. For today, we wait for the US ISM Manufacturing release. All the market participants are now  waiting for next Friday to see the US Non Farm Payrolls and the US Unemployment Rate data.

TODAY's TECHNICAL LEVELS:
Breakout BUY level: 1.3586.
Strong Resistance:1.3578.
Original Resistance: 1.3565.
Inner Sell Area: 1.3552.
Target Inner Area: 1.3520.
Inner Buy Area: 1.3488.
Original Support: 1.3475.
Strong Support: 1.3462
Breakout SELL level: 1.3454.   

DESCRIPTION:   
Today EUR/USD has support and resistance at 1.3475 and 1.3565. The rate is accompanied by strong support at 1.3462 and by 1.3578 as strong resistance. If EUR/USD breaks out and closes below 1.3454 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3586 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3488 and at 1.3552, a SELL position. In this case both targets should be located at the level of 1.3520. 

More analysis - at instaforex.com

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

EURJPY testing the support line now. 131.00 is critical for bulls

http://forex-images.instaforex.com/userfiles/20131106/eurjpy06112013.jpg

Technical outlook and chart setups:
The currency pair is found to be testing the immediate trend line support for now. It is still recommended to hold long positions initiated earlier and also plan to buy more. Immediate support is at 131.00, followed by 130.00/128.00 and 125.00; while resistance remains fixed at the 135.00 levels respectively. The bullish trend shall prevail till the time prices remain above the 131.00 levels. On the other hand, if the support line breaks and prices test the 131.00 levels in near future, subsequent rallies must be sold as a change in the trade strategy.

Trading recommendations:
Hold long positions, stop is at 131.00.


More analysis - at instaforex.com

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

USD/JPY intraday technical levels for November 7, 2013

http://forex-images.instaforex.com/userfiles/20131107/!!!USDJPY_7-11-2013.jpg

Today Leading Indicators in Japan will be released and tonight when the US Market opens there will be issues some important news, US Advance GDP q/q. This economic indicator will be a clue for tomorrow US - Non Farm Payrolls economic data release.
TODAY's  TECHNICAL  LEVELS:
Resistance 3: 99.09.
Resistance 2: 98.85.
Resistance 1: 98.70.
Support 1: 98.47.
Support 2: 98.27.
Support 3: 98.08. 

DESCRIPTION:
Please pay attention to the levels of support 3 (98.08) and resistance 3 (99.09). 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

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

GBP/JPY technical levels and trading recommendations for November 08, 2013

http://forex-images.instaforex.com/userfiles/20131108/gbpjpy_8-11.png


Overview 
As it was expected yesterday, the price closed 4H below the support area of 159.00-159.50 and gave a new opportunity for more bearish signals today. As shown, the price has already broken 158.15 and now is testing the support level of 157.60. Closing below this level again may give us more sell signals till the price tests the support level of 157.00. So we can consider our first target a few pips above this support level then 157.00 as the second level. But we should wait for breaking 157.60 and closing 4H below before making a decision. But the price's closing above the support level of 157.60 cancels the bearish scenario.

Resistance and support levels: R3 (159.50), R2 (159.00), R1 (158.15), S1 (157.60), S2 (157.00), S3 (156.60).


More analysis - at instaforex.com

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

Silver bounces right at 0.618 Fibonacci retracement.

http://forex-images.instaforex.com/userfiles/20131108/xagusd08112013.jpg


Technical outlook and chart setups:
The metal fell down to expected levels at 21.00, before bouncing off sharply. It is very much recommended to hold long positions taken now and earlier. The minimum upside extensions are pointing towards 24.75 levels from here on. Intermediary support levels are 20.50, followed by 19.00 and sub 18.00 levels; while resistance is spread through 23.30/40 levels, followed by 24.50 and higher up. The structure is unfolding well, as an inverted head and shoulder reversal; with right shoulder being carved out at sub 21.00 levels.

Trading recommendations:
Remain long, stop at 20.50, target is at open.


More analysis - at instaforex.com

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

USD/JPY intraday technical levels for November 12, 2013

http://forex-images.instaforex.com/userfiles/20131112/!!!USDJPY_12-11-2013.jpg


Today data on Tertiary Industry Activity m/m, 30-y Bond Auction, Consumer Confidence, Prelim Machine Tool Orders y/y, etc. will be released in Japan, but when the US market opens there will not be released news from the US. So for today we predict the price action from USD/JPY will move in a moderate volatility.

TODAY's  TECHNICAL  LEVELS:
Resistance 3: 100.03.
Resistance 2: 99.83.
Resistance 1: 99.64.
Support 1: 99.40.
Support 2: 99.21.
Support 3: 99.01. 

DESCRIPTION:   
Please pay attention to the levels of support 3 (99.01) and resistance 3 (100.03). 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

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

Silver technical levels and trading recommendations for November 14, 2013

http://forex-images.instaforex.com/userfiles/20131114/silver_14-11.png


Overview 
As shown in the today's H4 chart, the metal failed to break the Support area which consists of the Support level of 20.50 and the downward trend line. It is still trading above this Support area. Currently, it is bouncing from the Support level and starting the bullish move. So we still suggest waiting for closing above the Resistance level 21.00 in case of bouncing from the Support level of 20.50 to give us a new opportunity for more buy signals with the first target few pips below the Resistance level of 21.50. Then after breaking this Resistance level, silver would open the way towards the Resistance level of 22.00, which means more bullish signals, but as long as the metal trades below the Resistance level of 21.00, this cancels the bullish scenario. 

Resistance and support levels:
R3 (22.00), R2 (21.50), R1 (21.00), S1 (20.50), S2 (20.00), S3 (19.60). 


More analysis - at instaforex.com

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

USD/JPY intraday technical levels for November 15, 2013

http://forex-images.instaforex.com/userfiles/20131115/!!!USDJPY_15-11-2013.jpg


In Japan today there is no significant news to be released, but in the US market there will be released some news such as the US Empire State Manufacturing Index; Import Prices m/m; Capacity Utilization Rate; Industrial Production m/m; and Wholesale Inventories m/m; and all this news from the US has a moderate impact, so there is nothing to worry about.

TODAY's  TECHNICAL  LEVELS:
Resistance. 3 : 100.75.
Resistance. 2 : 100.55.
Resistance. 1 : 100.36.
Support. 1    : 100.11.
Support. 2    : 99.92.
Support. 3    : 99.72. 

DESCRIPTION:
Please, pay attention to the levels of support 3 (99.72) and resistance 3 (100.75). 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

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

GBP/JPY technical levels and trading recommendations for November 18, 2013

http://forex-images.instaforex.com/userfiles/20131118/gbpjpy_18-11.png


Overview
Today's H4 chart shows that the pair opened this week above the Resistance level of 161.40 as shown. Currently, it is trading above it to continue its bullish trend. Given that the pair continues its bullish movement and closes 4H above the Resistance level after the closing of the current H4 candle, it would be another opportunity for more bullish signals with first target few pips below the Resistance level of 162.00, then we should wait for breaking above this Resistance level to get more bullish signals towards the Resistance level of 152.30 as the second target. But as long as the price is trading below the Resistance level of 161.40 and cannot break it through, this cancels the bullish scenario.

Resistance and Support levels:
R3 (162.30), R2 (162.00), R1 (161.40), S1 (160.60), S2 (160.00), S3 (159.50).


More analysis - at instaforex.com

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

EUR/USD weekly technical levels for November 18-22, 2013

http://forex-images.instaforex.com/userfiles/20131118/1384813999_eurusdh1.png

Intraday trading recommendations: 
EUR/USD: According to the previous events, the price has still been trapped between 1.3540 and 1.3460. The level of 1.3550 will indicate strong resistance; moreover, the price will form a double top at this level. Therefore, it will be wise to sell at 1.3450 with the first target at 1.3425, then it will continue towards 1.3392 in order to test the weekly suppor 1. And stop loss should be placed above 1.3575.


More analysis - at instaforex.com

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

USD/JPY intraday technical levels for November 20, 2013

http://forex-images.instaforex.com/userfiles/20131120/!!!USDJPY_20-11-2013.jpg

Today some medium impact data such as Trade Balance, All Industries Activity m/m will be released; and during the US market session, some important news such as Core CPI m/m, Core Retail Sales m/m, Retail Sales m/m, and Existing Home Sales are going to be announced. Also some medium impact data like US Business Inventories m/m and Crude Oil Inventories will be released, so tas a result, the price of this currency pair will move with moderate to high volatility during the US session.

TODAY's  TECHNICAL  LEVELS:
Resistance. 3 : 100.52.
Resistance. 2 : 100.32.
Resistance. 1 : 100.13.
Support. 1    : 99.89.
Support. 2    : 99.69.
Support. 3    : 99.49. 

DESCRIPTION: 
Please, pay attention to the levels of support 3 (99.49) and resistance 3 (100.52). 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

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

USD/JPY intraday technical levels for November 21, 2013

http://forex-images.instaforex.com/userfiles/20131121/!!!USDJPY_21-11-2013.jpg


In the early morning after the Asian market start, there will be a release of some news from Japan like Monetary Policy Statement; BOJ Press Conference; and during the US market session, there will be a release of some important news such as the US - PPI m/m; US - Unemployment Claims;  and some not very important news such as the US - Flash Manufacturing PMI; and the  US Natural Gas Storage US - Flash Manufacturing PMI; and the US - Philly Fed Manufacturing Index . We predict the price action of this pair will be under moderate volatility within the US session.


TODAY's  TECHNICAL  LEVELS:

Resistance. 3 : 100.89.

Resistance. 2 : 100.69.

Resistance. 1 : 100.36.

Support. 1    : 100.25.

Support. 2    : 100.05.

Support. 3    : 99.85.

DESCRIPTION: Please, pay attention to the levels of support 3 (99.85) and resistance 3 (100.89). 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

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

USD/JPY intraday technical levels for November 22, 2013


http://forex-images.instaforex.com/userfiles/20131122/!!!USDJPY_22-11-2013.jpg


Today we predict the USD/JPY price movement will be with slow to moderate volatility, because during the Asian session Japan will release the BOJ Monthly Report. During the US trading sesssion, no important and significant news is due to be released, only FOMC Member George Speech and the US - JOLTS Job Openings.


TODAY's  TECHNICAL  LEVELS:

Resistance. 3 : 100.73.

Resistance. 2 : 100.53.

Resistance. 1 : 100.33.

Support. 1    : 100.09.

Support. 2    : 100.89.

Support. 3    : 100.69. 


DESCRIPTION: 

Please, pay attention to the levels of support 3 (100.69) and resistance 3 (100.73). 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

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

Elliott wave analysis of EUR/JPY for November 25, 2013


http://forex-images.instaforex.com/userfiles/20131125/EUR-JPY.png


Today's Support and Resistance levels:
R3: 138.76
R2: 138.30
R1: 138.01
Current Spot: 137.76
S1: 137.33
S2: 137.02
S3: 136.60

Technical summary:
We should be in the very last part of the ending diagonal. The maximum for this final wave v will be in the 138.21-138.31 range depending on where the high of wave iii is placed. If we does see a break above 138.31, then the ending diagonal can not be the correct count as wave iii can never be the shortest wave and that would be the case here, if we does break above 138.31. However, for now we maintain the view that an ending diagonal is developing and should be close to its maximum. To confirm that wave v is in place, we need a break below 137.02 and more importantly a break below 136.02, which will confirm that wave v is in place for a decline towards at least 124.96.

Trading recommendation:
If you are long in EUR, lift your stop to 137.02. Take profit on any long position and sell EUR at 138.20 with a close stop at 138.35.

More analysis - at instaforex.com

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

USD/JPY intraday technical levels for November 26, 2013


http://forex-images.instaforex.com/userfiles/20131126/!!!USDJPY_26-11-2013.jpg


Today during the Asian session there will be news like CSPI y/y and the Monetary Policy Meeting Minutes released. And in the US trading session there will be some important news like the US Building Permits and US CB Consumer Confidence released, so there is a possibilities the price action of the USD/JPY will get their volatility in a moderate way at the US market session.

TODAY's TECHNICAL LEVELS:   
Resistance. 3 : 101.99.
Resistance. 2 : 101.79.
Resistance. 1 : 101.59.
Support. 1    : 101.35.
Support. 2    : 101.15.
Support. 3    : 100.95. 

DESCRIPTION:
Please, pay attention to the levels of support 3 (100.95) and resistance 3 (101.99). 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

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

USD/CHF technical analysis for November 27, 2013


http://forex-images.instaforex.com/userfiles/20131127/usdchfh4.png


Overview: 
It should be noted that the price of the USD/CHF pair has still been trapped between 0.9030 and 0.9085. The price has been set below strong resistance at the levels of 0.9195 (0.9230: 50% of Fibonacci retracement levels in H4 chart). Additionally, it is worth noting that these levels coincide between 61.8% and 78.6% of Fibonacci retracement levels in H4 chart; thereupon, the pair has already formed strong resistance at this level of 0.9200, and it is now approaching it in order to test it. Therefore, the possibility that the Swissy will have a downside momentum is rather convincing and the structure of the fall does not look corrective. In order to indicate a bearish opportunity below 0.9200, in consequence it will be a good sign to sell below 0.9195 with the first target of 0.9083. It is equally important that it will call for downtrend in order to continue bearish trend towards 0.9025. 
On the other hand, it is also worthy of note that the price at 0.9020 - 0.9027 will possibly form a strong support (38.2% of Fibonacci retracement levels in H4 chart). Accordingly, saturation around 1.9020 to rebound the pair is likely to occur. Furthermore, it is possible that the market is going to start showing the signs of the bullish market. Hence, it will be a good sign to buy above 0.9020 with the first target of 0.9080 and continue towards 0.9173.


More analysis - at instaforex.com

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

USD/JPY Intraday Technical Levels for November 28, 2013


http://forex-images.instaforex.com/userfiles/20131128/!!!USDJPY_28-11-2013.jpg

We predict today the USD/JPY will move from slow to moderate because a few news will be released, during the Asian sesion there is only one news release from Japan: Retail Sales y/y, and the US market is closed for the Thanksgiving holiday.

TODAY's  TECHNICAL  LEVEL:
Resistance. 3 : 102.58.
Resistance. 2 : 102.38.
Resistance. 1 : 102.18.
Support. 1    : 101.93.
Support. 2    : 101.73.
Support. 3    : 101.53. 

DESCRIPTION:   
Please, pay attention to the levels of support 3 (101.53) and resistance 3 (102.58). Normally, when a level is touched, USD/JPY rebounds from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it is a sign that these currencies have found trends today.


More analysis - at instaforex.com

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

USD/JPY Intraday Technical Levels for November 29, 2013


http://forex-images.instaforex.com/userfiles/20131129/!!!USDJPY_29-11-2013.jpg

The USD/JPY seems to move in slow to moderate volatility during the Asian session but will move in a slow condition in the US market as long as there is no intervention from the "big player" during the quite US market session because many of the market participant from the US and Canada take their long holiday weekend because of the Thanksgiving Day's celebration. At the Asian market session from Japan will release some news like Manufacturing PMI, Household Spending y/y, Tokyo Core CPI y/y, National Core CPI y/y, Unemployment Rate, Prelim Industrial Production m/m, and Housing Starts y/y.

TODAY's  TECHNICAL  LEVEL  :
Resistance. 3 : 103.05.
Resistance. 2 : 102.85.
Resistance. 1 : 102.65.
Support. 1    : 102.40.
Support. 2    : 102.20.
Support. 3    : 102.00. 

DESCRIPTION  :
Please, pay attention to the levels of support 3 (102.00) and resistance 3 (103.05). Normally, when a level is touched, USD/JPY rebounds 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

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

USD/JPY Intraday Technical Levels for December 02, 2013


http://forex-images.instaforex.com/userfiles/20131202/!!!USDJPY_02-12-2013.jpg

From the Asian session today, there is only one data release: Capital Spending q/y, and BOJ Gov Kuroda Speaks and for the US market session open there will be a several data released: US Fed Chairman Bernanke Speaks, Final Manufacturing PMI, Construction Spending m/m, ISM Manufacturing PMI. There is probability the USD/JPY will move in a slow volatility but in a moderate way during the US market session.

TODAY's  TECHNICAL  LEVEL:
Resistance. 3 : 102.85.
Resistance. 2 : 102.65.
Resistance. 1 : 102.45.
Support. 1    : 102.20.
Support. 2    : 102.00.
Support. 3    : 101.80.   

DESCRIPTION  :
Please, pay attention to the levels of support 3 (101.80) and resistance 3 (102.85). 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

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

USD/JPY: near strong resistance


http://forex-images.instaforex.com/userfiles/20131204/USDJPYH1.png

The pair rallied towards north from 97 to 103.40. The Bank of Japan helped to push yen 6 month's low. Better than expected US economic data increased expectations of a near term tampering of the Fed's purchasing program.
The Japanese PM proceed with his April sales tax raise form 5% to 8% and a $51 billion stimulus plan. The BoJ would continue buying enough assets to pump up the monetary base at a rate of about $596-695 billion.
The Japanese stock market Nikkei push to a 6 month high going north very strongly, we expect Nikkei would climb 17k, 17,500 levels. Japan is going to invest $2tn of pension funds in stocks and other riskier assets. Japan's central bank maintained its target for asset purchases, as widely expected. We expect some liquidity landed in India and America probably next year. This is the time Western Gold Community will focus on Japan's liquidity to buy gold which is currently trading at uneconomic levels.
The pair halted at a major resistance level May's high 103.73. On the down side strong support exists at 101.5
Our long term target is 125.
Recommendation-
Buy above 102.7 the pair will jump to 103 103.5 103.7. Downside support at 102.2 102 101.5

More analysis - at instaforex.com

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

Elliott Wave analysis of EUR/NZD for December 5, 2013


http://forex-images.instaforex.com/userfiles/20131205/EUR-NZD.png

Today's support and resistance levels:
R3: 1.6681
R2: 1.6627
R1: 1.6592
Current spot: 1.6578
S1: 1.6535
S2: 1.6517
S3: 1.6443

Technical summary:
We have seen a clear impulsive five wave rally from the 1.6443 low to 1.6635 (a little below the ideal target of 1.6658). The correction from 1.6635 could be over with the test of 1.6527, but to confirm that, we need for minor support at 1.6535 to protect the downside for a break above 1.6591 and more importantly a break above 1.6635. As this is a minor green wave ii, which is currently developing, it can continue all the down to 1.6443, but that scenario is less likely.

Trading recommendation:
Stay long EUR and keep your stop at 1.6440. If you are not long EUR yet, then buy a break above 1.6591 with the same stop at 1.6440.

More analysis - at instaforex.com

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

GBP/CHF breaks trendline support. Book profits and sell rallies again around 1.4775/1.48


http://forex-images.instaforex.com/userfiles/20131206/gbpchf06122013.jpg

Technical outlook and chart setups:
The same 4H chart view has been presented here for continuation in setups. As discussed yesterday and expected, the pair has broken the trend line support and prices around 1.4640/30 levels. It is recommended to book profits on short positions taken earlier and prepare to sell rallies again. Immediate support from here  is 1.4550, followed by 1.4500 and 1.44; while resistance is between 1.4775/1.4800 ( this region is also the back side of the support line which is now resistance and the 0.618 fibonacci resistance), followed by 1.4875 and 1.4920 respectively. Looking to sell rallies again at the confluence of trendline, fibonacci and trade signal appearance.

Trading recommendations:
Book profits on short positions taken earlier, sell again on rallies.

More analysis - at instaforex.com

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

Elliott wave analysis of EUR/NZD for December 9, 2013


http://forex-images.instaforex.com/userfiles/20131209/EUR-NZD.png

Today's Support and Resistance levels:
R3: 1.6688
R2: 1.6601
R1: 1.6556
Current Spot: 1.6521
S1: 1.6470
S2: 1.6454
S3: 1.6443

Technical summary:
We did not expect an expanding flat correction to develop, but as long as important support at 1.6443 stays untouched, we will be looking for a break above 1.6556 and more importantly a break above 1.6750 confirming a new powerful rally higher. However, a break below 1.6443 will be a game changer and call for a new decline towards 1.5900 and likely even below. In the short term we would like to see support in the 1.6500-1.6510 zone protecting the downside for a rally above 1.6556 indicating that we have seen the expanding flat correction end at 1.6470.

Trading recommendation:
To our suprise, our stop at 1.6520 was hit, but we will re-buy EUR here at 1.6521 with a stop + reverse at 1.6440.


More analysis - at instaforex.com

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com
  • Registered: 2012-11-06
  • Posts: 1,530

Re: InstaForex Analysis

Elliott wave analysis of EUR/NZD for December 10, 2013


http://forex-images.instaforex.com/userfiles/20131210/EUR-NZD.png

Today's Support and Resistance levels:
R3: 1.6750
R2: 1.6688
R1: 1.6615
Current Spot: 1.6586
S1: 1.6550
S2: 1.6508
S2: 1.6470

Technical summary:
We have seen the expected rally above minor resistance at 1.6556 indicating that green wave ii ended at 1.6470 and that green wave iii is developing. In the short term we would like to see support at 1.6550 protecting the downside for a break above 1.6615 and more importantly a break above 1.6750, which will confirm that green wave iii is indeed developing for a rally towards at least 1.7239 and likely even higher. Only a break below 1.6470 will be of concern and could add considerable downside pressure.

Trading recommendation:
Stay long from 1.6520 with a stop at 1.6465. If you are not long in EUR yet, then buy after a break above 1.6615 with the same stop at 1.6465.


More analysis - at instaforex.com

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com

Posts: 151 to 175 of 1,547

Pages Previous 1 … 5 6 7 8 9 … 62 Next

You must login or register to post a reply

Forex Software → Market Analysis → InstaForex Analysis

Similar topics in this forum