Instaforex Analysis

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Re: Instaforex Analysis

Postby IFX Gertrude » Tue Jul 16, 2013 5:38 am

EUR/JPY technical analysis for July 16, 2013

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For today, EUR/JPY already found the uptrend, this is confirmed by all the three moving averages forming the Golden Cross pattern. Please pay attention to Germany's ZEW Economic Sentiment this afternoon; this news release will be give a significant impact who can make EUR/JPY continues their uptrend way or make a reversal way for this currency.

RECOMMENDATION:
Buy stop (pending order) at 130.76.
Take profit at 130.90.
Stop loss at 130.66.

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

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2878
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Wed Jul 17, 2013 5:15 am

Silver targeting 21.00 for now

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Technical outlook and chart setups:
There is no change in the direction that was discussed last week for the metal. It is trading sideways for now, but implications are ripe for an extended rally towards 21.00 level, possibly after dropping into 19.50/70 region first. It is recommended to remain long for now for the same reason. Fresh longs could be initiated into 19.50/70 region. Resistance is into the 22.50 region, while it is around 18.70/75 and lower towards 18.00 level. A push through 21.00 level would more or less confirm that a bottom is in place at 18.00 level. Looking higher for now.

Trading recommendations:
Remain long, stop is below 18.50, target is at 21.00 at least.

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

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2878
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Thu Jul 18, 2013 4:36 am

EurJpy prints intraday highs before pulling back. Remain short

Image

Technical outlook and chart setups:
The single currency pair printed intraday highs above 131.00 region yesterday before closing the day lower. The overall wave structure still remains constructive for bears, till prices are below 132.00 level. It is recommended to remain short for now and add fresh positions on rallies. Resistance remains above 132.00 and 133/34 region; while support is seen at 119.00 and lower. The head and shoulder setup still remains valid until prices remain well below the 132.00 mark. Only if prices remain sideways in this range for long, we should consider other trading options. Looking lower for now.

Trading recommendations:
Remain short for now, stop is at 132.50, and target is open.

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

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2878
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Fri Jul 19, 2013 5:38 am

USD/CHF technical analysis for July 19, 2013

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Overview:
USD/CHF's subsequent sharp fall suggests that a decline from 0.9560 had resumed to test 0.9483. Moreover, the pair has already formed a strong support at this psychological level of 0.9300. It should also be noted that the price has still been trapped between 0.9483 and 0.9400. Therefore, after it could not close below this psychological level and as the price has been set above it since a month, the market started showing bullish signs, so it is a good sign to buy above 0.9300 with the first target of 0.9415 and continue towards 0.9480. However, if the trend breaks this level and there will is closure below it (0.9560), it will be a downside momentum which is rather convincing and the structure of the fall is not corrective. Thus, the market will indicate a bearish opportunity below 0.9563, then this level will be become a resistance, for that it will be a good sign to sell below 0.9563 with a target at 0.9315.

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

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2878
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Mon Jul 22, 2013 6:08 am

EUR/JPY technical analysis for July 22, 2013

Image

The EUR/JPY pair is still in the uptrend situation but the retrace has already happened. Otherwise it did not touch the EMA 100 (green); from this situation we can get a signal that uptrend situation will be slower. As long as it has not breached bellow the EMA 100 (green), the uptrend situation still continues.

RECOMMENDATION:
BUY Stop (Pending Order) is at 131.51.
Take Profit is at 131.65.
Stop Loss is at 131.41.

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

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2878
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Tue Jul 23, 2013 5:27 am

EUR/JPY technical analysis for July 23, 2013

Image

The uptrend from the EUR/JPY pair is already slower. It is indicated by this currency already hit and breached bellow the EMA 100 (Green). It seems 132.00 is already a strong resistance for now. Please pay attention for 130.75 level, if this level can be breached down by this currency, this will indicate the reversal way from this currency.

RECOMMENDATION:
BUY Stop (Pending Order) is at 131.51.
Take Profit is at 131.65.
Stop Loss is at 131.41.

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

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2878
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Wed Jul 24, 2013 5:43 am

EUR/JPY technical analysis for July 24, 2013

Image

Once again the 132.00 level has proven to be a strong resistance for EUR/JPY, since yesterday this level was touched by EUR/JPY; the downside movement is held by the dynamic support from EMA 34 (blue); for today EUR/JPY will test 132.00 again.

RECOMMENDATION:
BUY STOP (pending order) at 131.76.
Take profit at 131.90.
Stop loss at 131.66.

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

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2878
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Thu Jul 25, 2013 5:54 am

Silver: 21.00 remains interim target for bulls

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Technical outlook and chart setups:
The metal remains subdued/confined above 20.00 region for now. Minimum implications from here is that a retracement lower, before the rally resumes towards 21.00 level. Support levels are spread through 19.25 level, followed by 18.70/75 region lower; while resistance is in the 22.50 region ahead. It is recommended to remain long for now, or take profits for now and wait for a dip lower to enter again buying. Immediate support should be around the 19.50/60 region where trend line is also passing through. Looking lower for short term.

Trading recommendations:
Remain long for now, stop is at 18.70, and target is at 21.00.

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

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2878
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Fri Jul 26, 2013 6:47 am

Silver finds intermediary support at 19.70

Image

Technical outlook and chart setups:
The metal finds interim support at 19.70, just ahead of the rising trend line. Short-term view is still pointing towards a possible 21.00 mark but looking into gold setups, Silver has really been lagging behind in rallying towards fresh highs. It is recommended to book profits on long positions held earlier and remain flat for now. Aggressive traders may opt to initiate fresh short positions against the recent highs at 20.50 level. Immediate resistance is 20.50/60, followed by 22.50 on the higher side; while support is at 19.20/30 on the lower side.

Trading recommendations:
Book profits on long positions, initiate fresh shorts at 20.20/25, and stop is at 20.90.

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

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2878
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Mon Jul 29, 2013 6:22 am

EUR/JPY technical analysis for July 29, 2013

Image

This week, the EUR/JPY pair continues its Bearish situation. It is already indicated by all the three moving averages making a "Death Cross" pattern. For today if the EUR/JPY pair can breach below the 129.75, this will be the sign for this currency to continue going down.

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

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

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2878
Joined: Wed Nov 07, 2012 6:25 am

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