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Instaforex Analysis
Dear forum members,
Me and my colleagues are going to provide you with the latest analysis reviews. Please, follow our analysis and you will be informed about Forex. Hope, our reviews will help you to increase the efficiency of your trading.
The source is instaforex.com.
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EUR/JPY technical analysis for July 2, 2013
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
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EUR/JPY technical analysis for July 4, 2013
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) at 130.01.
Take Profit at130.15.
Stop Loss at 129.91
Alternative:
Sell stop (pending order) at 129.46.
Take profit at 129.35.
Stop loss at 129.56.
More analysis - at instaforex
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EUR/JPY technical analysis for July 5, 2013
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
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USD/CAD technical analysis for July 9, 2013
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
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EUR/JPY technical analysis for July 10, 2013
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
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EUR/JPY technical analysis for July 11, 2013
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
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USD/CAD technical analysis for July 12, 2013
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
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EUR/JPY technical analysis for July 16, 2013
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
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Silver targeting 21.00 for now
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
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EurJpy prints intraday highs before pulling back. Remain short
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
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USD/CHF technical analysis for July 19, 2013
http://forex-images.instaforex.com/u...9/usdchfh4.png
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
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EUR/JPY technical analysis for July 23, 2013
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
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EUR/JPY technical analysis for July 24, 2013
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
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Silver finds intermediary support at 19.70
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
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EUR/JPY technical analysis for July 29, 2013
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
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USD/CAD technical analysis for July 30, 2013
Overview:
The resistance of USD/CAD sets at the level of 1.0425, therefore the bears are going to sell below 1.0425 because there is a double top on the price 1.0430. So it should also be noted that the resistance sets at the level of 1.0425, thus swing trade at 1.0425 in order to sell with the target of 1.0353, it might resume to 1.0250. Additionally, the trend will call for a bearish market on the level of 1.0500, 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 1.0560. However, the USD/CAD pair has still been trapped between 1.0504 (78% of Fibonacci retracement levels) and 1.0370 (50% of Fibonacci retracement levels). At the same time, the support sets at the level of 1.0250, then the bulls are going to buy above 1.0250 with the first target of 1.0365, it might resume to 1.0430.
It should be noted that Range: 55 pips, then a risk of 46 pips must make a profit of 82.5.
Volatility: 150.85, therefore the market indicates the higher volatility. (Volatility Formulas Variation = Average * (Higher - Lower)).
In the long term if the market calls for bearish then the price will form double bottom at the level of 1.0135.
More analysis - at instaforex.com
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EUR/JPY technical analysis for July 31, 2013
With all the three moving averages still making a Death Cross formation pattern, no doubt EUR/JPY will extend the downtrend today, as long it does not touch 130.50. If this level is breached, then the downtrend will hold at least for today.
RECOMMENDATION:
Sell stop (pending order) at 129.74.
Take profit at 129.60.
Stop loss at 129.84.
More analysis - at instaforex.com
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USD/CHF: technical analysis for August 2, 2013
Overview:
USD/CHF: It should be noted that the price has still been trapped between 0.9380 -- 0.9343 and the price has been set below strong resistance at the level of 0.9425 (38.2% of Fibonacci retracement levels on H4 chart). Moreover, it is worth noting that these levels are coinciding between 23.6% and 38.2% of Fibonacci retracement levels on H4 chart and the pair has already formed a strong resistance at this level of 0.9425 and it is now approaching it in order to test it. Therefore, the Swissy's downside momentum is rather convincing and the structure of the fall does not look corrective. In order to indicate a bearish opportunity below 0.9425 it will be a good sign to sell below 0.9425 with the first target of 0.9290 and it will call for downtrend in order to continue bearish towards 0.9228 next week in order to form double bottom at the level of 0.9228. Furthermore, it also should be noted that the price at 0.9285 will possible form a strong support (11% of Fibonacci retracement levels on H4 chart). So it will be saturation around 1.9285 to rebound the pair, as well probably the market is going to start showing the signs of bullish market. In other words, it will be a good sign to buy above 0.9290 with the first target of 0.9335 and continue towards 0.94.
More analysis - at instaforex.com
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Silver: Immediate resistance seen at 12.50 level
Technical outlook and chart setups:
Silver remains locked in a trading range for now. Support region is around 19.00/20, while resistance is around 12.30/50. As depicted here, the metal broke the rising counter trend line last week and is testing the backside, which is resistance now. It is recommended to initiate fresh short positions on a bearish signal appearance here. Immediate resistance is around the 20.50 mark, followed by 21.80/22.00 region; while support is now at 18.70/80 region. Looking lower on a turn around at the backside of trend line test.
Trading recommendations:
Flat for now. Looking to initiate short positions again.
More analysis - at instaforex.com
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Silver looking to move towards 19.00 before rallying
Technical outlook and chart setups:
The metal seems to hit resistance at 20.20/30 levels on Friday and the next probable move could be lower towards 19.00 level before rallying further up. Unlike Gold, the metal has been there for a while now without much wave movement. Resistance is at 20.50 level, while support is seen at 18.70 and lower. After this intermediary down move, the metal could be expected to rally towards 23.00 level and complete a 3 wave corrective rally. Aggressive trading strategy would be to remain short for now.
Trading recommendations:
Remain short, stop is above 20.50, and target is at 19.00.
More analysis - at instaforex.com
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GBP/CHF slide poised to accelerate. Remain short
Technical outlook and chart setups:
he currency pair tested the rising support line and fell back yesterday, as depicted in the Daily chart. Implications are bearish for GBP/CHF from here. Hence the recommendation is not changed - to maintain short positions for now. Immediate resistance would be at 1.4300 level, which was a high two days ago, followed by 1.44. Strong resistance is placed at 1.48 and 1.5. Looking into the wave structure, the next swing lows could be below 1.4 level in the coming days/weeks. Looking lower for now.
Trading recommendations:
Remain short, stop at 1.44, target is open
More analysis - at instaforex.com
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Silver tests backside of resistance line. Initiate short positions against 21.00 now
Technical outlook and chart setups:
The metal has breached through the resistance line now, around 20.25/30 levels. Hence, it is recommended to initiate short positions against 21.00. Immediate resistance is at 20.70/75, followed by 22.50/23.00; while support is around 18.70, followed by 18.25 levels. The wave structure indicates that a dip down ward movement towards 18.70/50 levels is possible before next leg higher up. The entire structure may be turning as a 3 wave pullback for now. Looking lower at least for the short-term prospect.
Trading recommendations:
Remain short, set stop at 21.00, target is at 18.50.
More analysis - at instaforex.com
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EUR/USD - Sell below 1.3387 - for August 13, 2013 (daily strategy)
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
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USD/JPY intraday technical levels for August 14, 2013
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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Silver inching towards 22.50 Resistance
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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EUR/JPY technical analysis for August 21, 2013
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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EUR/JPY technical analysis for August 22, 2013
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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EUR/JPY technical analysis for August 23, 2013
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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EUR/JPY technical analysis for August 26, 2013
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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EUR/JPY technical analysis for August 27, 2013
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
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EUR/JPY technical analysis for August 28, 2013
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
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EUR/JPY technical analysis for August 29, 2013
Since the tension in Syria Crude Oil has been moving higher. However, in the west side the market participants are waiting for the "tapering" issue to be solved. This make a "Risk Aversion" in the market especially in the stock market. All the market participants take the money from the emergeing markets such as India, Thailand, Indonesia, etc. to get back the safe haven US Dollar. This condition makes USD stronger than any currency. EUR has got the impact from this issue.
RECOMMENDATION:
SELL Stop (Pending Order) at 129.74.
Take Profit at 129.60.
Stop Loss at 129.84.
More analysis - at instaforex.com
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EUR/JPY technical analysis for August 30, 2013
Since yesterday the level of 130.00 has acted as strong support for the EUR/JPY pair. Even the market is still affected with bearish pressure, which has been already indicated by all the three moving averages, the pair is still making a "Death Cross pattern". After this level a strong barrier at the 130.00 level can hold the movement and make this pair entering to the ranging condition between the 130.00 level to the 130.50 level.
RECOMMENDATION:
SELL Stop (Pending Order) at 129.74.
Take Profit at 129.60
Stop Loss at 129.84.
Alternative:
BUY Stop (Pending Order) at 130.51.
Take Profit at 130.65.
Stop Loss at 130.41.
More analysis - at instaforex.com
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USD/JPY intraday technical levels for September 09, 2013
TODAY's TECHNICAL LEVELS:
Resistance. 3: 100.18.
Resistance. 2: 99.98.
Resistance. 1: 99.79.
Support. 1: 99.55.
Support. 2: 99.35.
Support. 3: 99.15.
DESCRIPTION:
Please, pay attention to the levels of support 3 (99.15) and resistance 3 (100.18). 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
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USD/JPY intraday technical levels for September 11, 2013
TODAY's TECHNICAL LEVELS:
Resistance. 3: 100.85.
Resistance. 2: 100.65.
Resistance. 1: 100.46.
Support. 1: 100.21.
Support. 2: 100.01.
Support. 3: 99.81.
DESCRIPTION:
Please, pay attention to the levels of support 3 (99.81) and resistance 3 (100.85). 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
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USD/JPY intraday technical levels for September 12, 2013
TODAY's TECHNICAL LEVELS:
Resistance. 3: 100.09.
Resistance. 2: 99.90.
Resistance. 1: 99.70.
Support. 1: 99.46.
Support. 2: 99.27.
Support. 3: 99.07.
DESCRIPTION:
Please, pay attention to the levels of support 3 (99.07) and resistance 3 (100.09). 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
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Silver near support levels Of 21.00/50. Looking to initiate longs
Technical outlook and chart setups:
The metal is very constructive for bulls. At the moment, it is at the fibonacci 0.5 retracement of the recent rally from 19.00 to 25.00. A bullish reversal here could be used as initiating, at least, 50% of long positions. The remaining could be picked up at around the 21.00 levels. Intermediary resistance is at the 24.00 levels, followed by 25.00 and higher; while support is at 19.00/20, followed by the 18.75/25 levels respectively. The metal is in the buy zone of the rising trendline; hence a possible reversal consideration is ruled out for the moment.
Trading recommendations:
Go long 50% positions now, and remaining at 21.00/50, stop is at 19.00.
More analysis - at instaforex.com
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USD/JPY intraday technical levels for September 16, 2013
TODAY's TECHNICAL LEVELS:
Resistance. 3: 99.34.
Resistance. 2: 99.15.
Resistance. 1: 98.96.
Support. 1: 98.72.
Support. 2: 98.53.
Support. 3: 98.33.
DESCRIPTION :
Please, pay attention to the levels of support 3 (98.33) and resistance 3 (99.34). 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
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USD/JPY intraday technical levels for September 17, 2013
TODAY's TECHNICAL LEVELS:
Resistance. 3 : 99.69.
Resistance. 2 : 99.50.
Resistance. 1 : 99.30.
Support. 1 : 99.06
Support. 2 : 98.87.
Support. 3 : 98.67.
DESCRIPTION:
Please, pay attention to the levels of support 3 (98.67) and resistance 3 (99.69). 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