Instaforex Analysis

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Re: Instaforex Analysis

Postby IFX Gertrude » Tue Aug 13, 2013 5:45 am

EUR/USD - Sell below 1.3387 - for August 13, 2013 (daily strategy)

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Yesterday, the Euro in the Week opening left a gap that was covered at the beginning of the day, after it had a significant correction to the levels of the 15-day moving average, now we see that this bouncing, hope this stops at 1.3360 area, given that today's European session will be unveiled German ZEW Economic Sentiment, the analyst expected at 40.3, to be more optimistic compared to the previous month of 36.3, therefore we believe that this data can drive the euro but only few make a pullback, since it is located in area of high pressure bearish according the indicator of MACD and Momentum. Therefore, we recommend the next signal on the chart below.

More analysis - at instaforex.com
Best regards, PR Manager

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Re: Instaforex Analysis

Postby IFX Matthias » Wed Aug 14, 2013 5:36 am

USD/JPY intraday technical levels for August 14, 2013

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TODAY's TECHNICAL LEVEL:
Resistance. 3: 98.72.
Resistance. 2: 98.52.
Resistance. 1: 98.33.
Support. 1: 98.09.
Support. 2: 97.90.
Support. 3: 97.70.

DESCRIPTION:
Please, pay attention to the levels of support 3 (97.70) and resistance 3 (98.72). 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 this currency pair has found a trend today.

More analysis - at instaforex.com
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Re: Instaforex Analysis

Postby IFX Matthias » Thu Aug 15, 2013 5:50 am

Silver inching towards 22.50 Resistance

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Technical outlook and chart setups:
The metal has staged an impressive rally towards 22.20/30 levels till now. The 20.50 region should be past resistance turned support for the time being. A final push higher towards 22.50 would be required to confirm a major bullish reversal though. Resistance is at 22.50/23.00 levels, while support is at 19.20 and lower for now. Hence it is recommended to exit short positions, and watch out for the price reaction at 22.50 levels, before concluding a possible trade setup. The overall trend still remains bearish for now and a failure at 22.50 would warn a bearish reversal.

Trading recommendations:
Flat for now.

More analysis - at instaforex.com
IFX Matthias
 
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Re: Instaforex Analysis

Postby IFX Matthias » Thu Aug 15, 2013 5:52 am

Silver inching towards 22.50 Resistance

Image

Technical outlook and chart setups:
The metal has staged an impressive rally towards 22.20/30 levels till now. The 20.50 region should be past resistance turned support for the time being. A final push higher towards 22.50 would be required to confirm a major bullish reversal though. Resistance is at 22.50/23.00 levels, while support is at 19.20 and lower for now. Hence it is recommended to exit short positions, and watch out for the price reaction at 22.50 levels, before concluding a possible trade setup. The overall trend still remains bearish for now and a failure at 22.50 would warn a bearish reversal.

Trading recommendations:
Flat for now.

More analysis - at instaforex.com
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Re: Instaforex Analysis

Postby IFX Matthias » Wed Aug 21, 2013 6:11 am

EUR/JPY technical analysis for August 21, 2013

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Even the Bullish movement in all pairs with EUR has still dominated in the market base� on the rumors ECB wants to raise up its rate, and the Yen self has get a pressure because the lack of some fundamental data but now the EUR/JPY still moving in a ranging situation between the 129.25 to 131.00, maybe this happen because the market participant waiting the FOMC meeting minutes in a few day again.

RECOMMENDATION:
BUY Stop (Pending Order) at 130.76.
Take Profit at 130.90.
Stop Loss at 130.66.

More analysis - at instaforex.com
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Re: Instaforex Analysis

Postby IFX Matthias » Thu Aug 22, 2013 5:42 am

EUR/JPY technical analysis for August 22, 2013

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Since yesterday, the 131.00 level has already acted as strong resistance, although all the three moving average still make the "Golden Cross" pattern, this means the upside trend still continue in this pair, as long this currency not going down and breach bellow the EMA 100 (green) the uptrend situation still in a healthy condition.

RECOMMENDATION:
BUY Stop (Pending Order) at 131.26.
Take Profit at 131.30.
Stop Loss at 131.16.

More analysis - at instaforex.com
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Re: Instaforex Analysis

Postby IFX Matthias » Fri Aug 23, 2013 5:43 am

EUR/JPY technical analysis for August 23, 2013

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Yesterday, the strong resistance on the EUR/JPY has been already breached by this pair, for today seems the 132.00 level will be tested by this currency pair because we have got confirmation by all the three Moving Averages already form a "Golden Cross" formation pattern. This pattern will be the indication for the EUR/JPY which have a strong and healthy uptrend situation already.

RECOMMENDATION:
BUY Stop (Pending Order) at 132.26.
Take Profit at 132.40.
Stop Loss at 132.16.

More analysis - at instaforex.com
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Re: Instaforex Analysis

Postby IFX Matthias » Mon Aug 26, 2013 5:26 am

EUR/JPY technical analysis for August 26, 2013


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For today; we can look at this currency, the barrier at the 132.25. Since yesterday this level has already held this pair to continued the uptrend; the 132.25 acts as strong resistance, all the three Moving Averages has already formed the "Golden Cross" pattern that means the EUR/JPY still have a good and healthy uptrend situation.

RECOMMENDATION:
BUY Stop (Pending Order) at 132.51.
Take Profit at 132.65.
Stop Loss at 132.41.
Alternative:
SELL Stop (Pending Order) at 131.99.
Take Profit at 131.85.
Stop Loss at 132.09.

More analysis - at instaforex.com
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Re: Instaforex Analysis

Postby IFX Matthias » Tue Aug 27, 2013 5:34 am

EUR/JPY technical analysis for August 27, 2013

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Today, the EUR/JPY seems moving in the range between 131.25 and 132.00. It has been already confirmed by:
1. The market price appears above the EMA 100 (green) and bellow the EMA 34 (blue).
2. The EMA 50 (red) position is bellow the EMA 34 (blue) and above EMA 100 (green).

RECOMENDATION:
SELL Stop (Pending Order) at 131.24.
Take Profit at 131.10.
Stop Loss at 131.34.

More analysis - at instaforex.com
IFX Matthias
 
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Re: Instaforex Analysis

Postby IFX Matthias » Wed Aug 28, 2013 5:30 am

EUR/JPY technical analysis for August 28, 2013

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Yesterday, after the EUR/JPY pair had breached bellow 131.25, the uptrend changed to downtrend. This condition has been already confirmed by all the three moving averages form the "Death Cross" pattern. It means, the downside momentum is stronger then the upside movement. However, if EUR/JPY breaches above 130.50 today, then the downside movement will be hold, at least, till the end of the day.

RECOMMENDATION:
SELL Stop (Pending Order) at 129.74
Take Profit at 129.60.
Stop Loss at 129.84.

More analysis - at instaforex.com
IFX Matthias
 
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