Instaforex Analysis

Forex broker related topics and discussions

Re: Instaforex Analysis

Postby IFX Gertrude » Fri Jun 28, 2013 5:37 am

EUR/JPY technical analysis for June 28, 2013

Image

Since the 128.00 level was already breached yesterday, EUR/JPY started a new direction, now this currency is about to head up: all the three moving averages make a Golden Cross pattern.

RECOMMENDATION:
Buy stop (pending order) at 129.51.
Take profit at 129.65.
Stop loss at 129.41.

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

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2876
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Mon Jul 01, 2013 6:17 am

EUR/JPY technical analysis for July 1, 2013

Image

The EUR/JPY is still in the uptrend movement now; this fact has been already indicated by all the three "Golden Cross" chart patterns created by Moving Averages. As long as the retrachement from the EUR/JPY do not touch the EMA 100 (Green), the uptrend situation will continue.

RECOMMENDATION:
BUY Stop (Pending Order) @ 129.51.
Take Profit @ 129.65.
Stop Loss @ 129.41.

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

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2876
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Tue Jul 02, 2013 6:45 am

EUR/JPY technical analysis for July 2, 2013

Image

If we look at the chart, all the three moving averages forming Golden Cross pattern are still pointing to the fact that the uptrend situation is still continuing for EUR/JPY; however, this currency pair must have a small retracement as the element from the healthy uptrend; as long as the retracement does not touch the 129.00 and/or the EMA 100 (green); the uptrend situation for EUR/JPY is still in place.

RECOMMENDATION:
Buy stop (pending order) at 130.26.
Take profit at 130.40.
Stop loss at 130.16.

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

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2876
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Yvonne » Thu Jul 04, 2013 4:35 am

EUR/JPY technical analysis for July 4, 2013

Image

Yesterday, EUR/JPY already breached bellow the EMA 100 (green) and went back above the EMA 100 (green) again. The bullish situation has already slowed down and the EMA 14 (red) is now between the EMA 34 (blue) and the EMA 100 (green). It indicates that EUR/JPY is now in the ranging situation.

RECOMMENDATION:
Buy Stop (Pending Order) @ 130.01.
Take Profit @ 130.15.
Stop Loss @ 129.91
Alternative:
Sell stop (pending order) at 129.46.
Take profit at 129.35.
Stop loss at 129.56.

More analysis - at instaforex.com
Best Regards,
PR Manager
InstaForex Companies Group
User avatar
IFX Yvonne
 
Posts: 224
Joined: Sat Mar 02, 2013 12:23 am

Re: Instaforex Analysis

Postby IFX Yvonne » Fri Jul 05, 2013 4:34 am

EUR/JPY technical analysis for July 5, 2013

Image

Yesterday the EUR/JPY confirm change the course to the downside, this indicated by the candlestick already breach bellow the EMA 100(green); however on 30 minute charts they form the triangle pattern that indicates that there is decreased volatility and the market turns to be "choppy". This kind of market situation usually happens amid such important news as the US Non Farm Payrolls and the US Unemployment Rate, released every first Friday. So be cautious with this news release tonight. It is better to close all the positions one hour before the news release.

RECOMMENDATION :
No trades for today.

More analysis - at instaforex.com
Best Regards,
PR Manager
InstaForex Companies Group
User avatar
IFX Yvonne
 
Posts: 224
Joined: Sat Mar 02, 2013 12:23 am

Re: Instaforex Analysis

Postby IFX Gertrude » Tue Jul 09, 2013 6:07 am

USD/CAD technical analysis for July 9, 2013

Image

Overview:
The resistance of the pair USD/CAD sets at the level of 1.0585, therefore the bears are going to sell below 1.0608 because there is a double top on the price 1.0608. It should also be noted that the resistance sets at the level of 1.0585, thus swing trade at 1.0608/1.0585 in order to sell with the target of 1.0480, it might resume to 1.0435. Additionally, the trend will call for a bearish market on the level of 1.0585, there is a bearish channel. It might be informing that the stop loss should never exceed your maximum exposure amounts. Hence, set a stop loss above 1.0640. However, the USD/CAD pair has still been trapped between 1.0375 (61.8% of Fibonacci retracement levels) and 1.0555 (100% of Fibonacci retracement levels). At the same time, the support sets at the level of 1.0400, then the bulls are going to buy above 1.0400 with the first target of 1.0483, it might resume to 1.0540.

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

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2876
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Wed Jul 10, 2013 6:15 am

EUR/JPY technical analysis for July 10, 2013

Image

The EUR have get a pressure from the yen, this situation already confirmed by all the three Moving Average already that form the "Death Cross" pattern; please pay attention to the FOMC Meeting Minutes and Mr. Ben Bernanke speech tonight.

RECOMMENDATION:
SELL Stop (Pending Order) @ 128.99.
Take Profit @ 128.85.
Stop Loss @ 129.09.

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

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2876
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Thu Jul 11, 2013 6:09 am

EUR/JPY technical analysis for July 11, 2013

Image

EUR/JPY is now in a ranging situation between the 128.25-130.25; this situation was caused by yesterday's signal from Mr Bernanke for continuation of the U.S. economic stimulus until mid-2014; but when this stimulus will be stopped there's no clue, because they will not stop it until they get confirmation with all the economic data. This issue made the market confused, and this situation makes the market ranging, at least temporarily.

RECOMMENDATION:
Buy stop (pending order) at 130.26.
Take profit at 130.40.
Stop loss at 130.16.
Alternative:
Sell stop (pending order) at 129.99.
Take profit at 129.85.
Stop loss at 130.09.

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

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2876
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Fri Jul 12, 2013 6:24 am

USD/CAD technical analysis for July 12, 2013

Image

Overview:
The resistance of the pair USD/CAD sets at the level of 1.0585, therefore the bears are going to sell below 1.0585 because there is a double top on the price 1.0585. It should also be noted that the resistance sets at the level of 1.0585, thus swing trade at 1.0585 in order to sell with the target of 1.0480, it might resume to 1.0435. Additionally, the trend will call for a bearish market on the level of 1.0585, there is a bearish channel. It might be informing that the stop loss should never exceed your maximum exposure amounts. Hence, set a stop loss above 1.0620. However, the USD/CAD pair has still been trapped between 1.0375 (61.8% of Fibonacci retracement levels) and 1.0555 (100% of Fibonacci retracement levels). At the same time, the support sets at the level of 1.0284, then the bulls are going to buy above 1.0284 with the first target of 1.0333, it might resume to 1.0420.

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

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2876
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Mon Jul 15, 2013 6:44 am

GBP/JPY: Upside (July 15,2013)

Image

Overview:
GBP/JPY is trading in higher range. GBP/JPY is supported by positive investor risk sentiment; sell-yen orders from Japan importers. But GBP/JPY gains are tempered by buy-yen orders from Japan exporters. Daily chart is mixed as MACD is in bullish mode, but stochastics is neutral, five-day moving average is meandering sideways.

Trading recommendation:
The pair is trading above its pivot point. It is likely to trade in higher range as far as it remains above its pivot point. As far as the price is above its pivot point, trading in higher range is most favorable and buy position is recommended above its pivot with the first target at 150.65 and the second target at 151.15. You should keep in view short position below the pivot keep of the first target at 148.2, the breach of this target will move the pair downward further and expect the second target at 147.4. The pivot point stands at 148.85.

Resistance levels:
R1 - 150.65
R2 - 151.15
R3 - 151.35

Support levels:
S1 - 148.2
S2 - 147.4
S3 - 147

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

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2876
Joined: Wed Nov 07, 2012 6:25 am

PreviousNext

Return to Forex Brokers