Instaforex Analysis

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Re: Instaforex Analysis

Postby IFX Gertrude » Mon Jan 27, 2014 5:50 am

Daily analysis of GBP/JPY for January 27, 2014


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Overview
In the H4 chart, the pair reversed its downward move taking an upward move due to the strong Support level of 167.75. Today as shown in the H4 chart, the pair bounced from the Support area breaking the Resistance level of 168.50, and currently it is approaching the Resistance level of 169.50 trying to break it through to continue its bullish move which means more buy-signals keeping its movement inside the bullish channel. So we should wait till the price closes above the Resistance level of 169.50 before making the decision to have a bullish signals with the first target few pips below the next Resistance level of 170.00. But closing below the Resistance level of 168.50 cancels the bullish move scenario.

Resistance and Support levels:
R3 (170.75), R2(170.00), R1(169.50), S1 (168.50), S2 (167.75), S3(167.10).


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Re: Instaforex Analysis

Postby IFX Gertrude » Tue Jan 28, 2014 5:52 am

Technical analysis of the US dollar for January 28, 2014


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In the US dollar front, it made a double high at the level of 80.56 and it is trading below 21DEMA that is the major bearish factor.Until it crosses it, we remain in bearish mode. After hitting a 2-months high of81.39, the dollar index sharply declined to 80.15 In the technical front, oscillators sign a bullish indications for limited downside with a higher lows pattern.If prices are above the level 80.56, next immediate resistance comes at thelevel of 80.70. Following its drop in theprevious week, the FOMC decision to further reduce its economic stimulus,accompanied with a stronger fourth-quarter GDP reading and other economic data,could set the US Dollar to start a fresh leg of up-move against other majorcurrencies.
Support: 80.15, 80.0, 79.70.
Resistance: 80.56, 80.69, 81.27.


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Re: Instaforex Analysis

Postby IFX Gertrude » Wed Jan 29, 2014 3:54 am

Technical analysis of NZD/USD for January 29, 2014


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Overview:
The NZD/USD pair movement will be continued directly from the resistance at the level of 0.8390 in H1 chart (127.2% of Fibonacci retracement levels). therefore, the price of the NZD/USD pair is showing signs of weakness, following the break of the lowest level of 0.8350, hence it will be a good sign to sell below the level of 0.8350 in H1 chart (in the short term) with the first target of 0.8257 in order to test the pivot point and further to 0.8212 to form double bottom, then this price will act as a strong suport for that it is going to be a good place to take profit, it also should be noted that this level of taking profit will coincide with 00% of Fibonacci retracement levels. However, in case if a reversal takes place and the NZD/USD pair breaks through the minor resistance level of 0.8317, the market will lead to increase further to 0.8375 for indicating bullish market.


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Re: Instaforex Analysis

Postby IFX Gertrude » Thu Jan 30, 2014 5:35 am

Fundamental analysis of Crude for January 30, 2014


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The US Fed is expected to cut its bond purchases by another $10 billion. So starting in February, it will buy $65 billion in bonds per month. Also, there are growing concerns about the impact of slower growth inChina that make the US dollar stronger. Estimates from 11 analysts surveyed showed thatUS oil inventories are projected to have risen by 2.2 million barrels onaverage in the week ended January 24, 2014. Crude oil inventories rose6.4 million barrels, thus contributing to decrease in oil prices. Technical front crude is trading above the level $97 which is a bullishfactor. Oscillators gave mixed indications resulting in limited downside.
Support- $96, $91.75
Resistance- $97.8, $99.76


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Re: Instaforex Analysis

Postby IFX Gertrude » Thu Feb 06, 2014 5:30 am

Technical analysis of USD/CAD for February 6, 2014


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Overview:
The USD/CAD pair has already formed a strong resistance at the level of 1.1163; furthermore, the same level is coinciding with the ratio of 78.6% Fibonacci retracement levels. Equally important, it should be noticed that a minor support will be set at the level of 1.1025 around the 38.2% Fibonacci retracement levels in H1 chart. As shown, the price of the USD/CAD pair has been trapping between 1.1030 and 1.1150; it should be also noted that the price moved higher to 1.1170 and turned lower. So, the range will be about 130 pips this week. Additionally, the RSI and the moving average (100) are still calling for sideways trend. Consequently, the market is going to indicate bullish opportunities at the levels of 1.1025 and 1.1033; with the first target of 1.1110 and continuing towards 1.1163 in order to the resistance at the 1.1163 price. On the other hand, if the price closes below 1.1163. Hence, the price will call for a bearish market to go further towards the double bottom at 1.1060 to test it again.


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Re: Instaforex Analysis

Postby IFX Gertrude » Fri Feb 07, 2014 4:19 am

Technical analysis of USD/JPY for February 7, 2014


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In Asia, Japan will release the Leading Indicators and the US will release some economic data such as US-Non-Farm Employment Change, US-Unemployment Rate, US-Average Hourly Earnings m/m. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with medium to high volatility during the US session.

TODAY's TECHNICAL LEVELS:
Resistance. 3: 102.51.
Resistance. 2: 102.31.
Resistance. 1: 102.11.
Support. 1: 101.86.
Support. 2: 101.66.
Support. 3: 101.46.

DESCRIPTION:
Please, pay attention to the levels of support 3 (101.46) and resistance 3 (102.51). 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.


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Re: Instaforex Analysis

Postby IFX Gertrude » Mon Feb 10, 2014 4:45 am

Technical analysis of Silver for February 10, 2014.


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Technical outlook and chart setups:
1. Silver remains unchanged for now. It is likely to move in a trading range between $19.00 and $20.00 for a while before breaking higher. Recommendations are to hold long positions for now, risk remains at $18.50.
2. Intermediary support is at $19.00, followed by $18.75, while resistance is at $20.50 (intermediary), $21.00 and higher.
3. The structure reveals that the metal could trade between $19.00/20.00 levels for a while before thrusting higher. $18.75/50 levels should hold well now.
Trading recommendations:
Remain long, stop at $18.50, target open.


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Re: Instaforex Analysis

Postby IFX Gertrude » Tue Feb 11, 2014 4:09 am

Weekly technical levels of USD/CHF for February 11-14, 2014


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Trading recommendations:
According to the previous events, the price of the USD/CHF pair has still been trapped between 0.8960 and 0.9005. As it is known, if the trend is upward, then the strength of the currency pair will be defined as following: USD is in uptrend and CHF is in downtrend. Consequently, we expect that the trend is going to call for a bearish market at the level of 0.9020 in H1 chart. Additionally, it should be noted that the range today will be about 90 pips. Thereupon, sell at the price of 0.9020 with the first target of 0.8975, it might resume to 0.8932 in order to test the weekly support 1 on February 11, 2014. At the same time, the stop loss should never exceed your maximum exposure amounts. Accordingly, your stop loss should be placed above the 0.9055 level.


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Re: Instaforex Analysis

Postby IFX Gertrude » Wed Feb 12, 2014 5:00 am

Technical analysis of EUR/JPY for February 12, 2014


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Technical outlook and chart setups:
1. The EUR/JPY pair has tested resistance line at 140.00 levels as seen here. It is still recommended to remain flat and await for a reaction here. Aggressive traders may go short, risk remains at 143.00.
2. Immediate resistance is at 142.00, followed by 143.00 and 145.50, while supports are fixed at 134.00, followed by 131.00 and lower respectively.
3. The entire structure remains bullish till prices are above support line which is passing through 134.50 at the moment. A pullback is expected at least towards 137.50 before the rally resumes further.

Trading recommendations:
Flat for now.


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Re: Instaforex Analysis

Postby IFX Gertrude » Thu Feb 13, 2014 3:44 am

Technical analysis of GBP/CHF for February 13, 2014


Technical outlook and chart setups:
1. The GBP/CHF rose past the trading range and broke higher yesterday. Trading at around 1.4950 levels at the moment, the setup still favors bears to take control back. As seen here, the pair has retraced up to 0.618 fibonacci resistance at 1.4950. It is expected to reverse from here towards fresh lows. It is recommended to remain short and also add fresh now.
2. Immediate resistance is fixed at 1.5120/30, while supports are spread through 1.4550, followed by 1.4350 and lower respectively.
3. The structure is still favorable to bears till prices remain capped below 1.5120/30 levels. Current price action is a clear opportunity to initiate further short positions.

Trading recommendations:
Remain short, stop is at 1.5130, target is open.


More analysis - at instaforex.com
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IFX Gertrude
 
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Joined: Wed Nov 07, 2012 6:25 am

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