Instaforex Analysis

GBP/USD Intraday Technical analysis

https://forex-images.instaforex.com/...sd23092014.jpg

Technical outlook and chart setups:
Gold had produced a doji yesterday around $1,213.00/15.00 levels. Potential indications from here are for a reversal or at least a pullback towards the $1,280.00 region (fibonacci 0.618 resistance of fall from $1,300.00 to $1,208.00). The metal needs to at least clear $1,240.00 levels to confirm, that bulls are ready to take control back. Immediate support is seen around $1,200.00 levels, followed by $1,180.00, while resistance is seen at $1,240.00, followed by $1,273.00 and higher up respectively. As seen here, the metal is in process to produce a morning star bullish reversal candlestick pattern. It is recommended to plan a long entry after the above signal is confirmed on the daily chart view.

Trading recommendations:
Remain flat for now. Looking to go long.

More analysis - at instaforex.com

Technical analysis of AUD/USD for September 30, 2014

https://forex-images.instaforex.com/...udusddaily.png

The AUD/USD pair had fallen from the level of 0.8920, and the decline was extended further to as low as 0.8720 yesterday; furthermore, the price has been below 23.6% of Fibonacci retracement levels in the daily chart. Additionally, it should be noted that the price has formed strong resistance at the 0.8920 level and minor resistance at 0.8780. Moreover, this strong level has still been trapped between 23.6% of Fibonacci retracement levels and 00% in the daily chart. As it is known, history usually repeats itself at a certain level. So it will be of the wisdom to use historic quotes to determine future prices; hence, it is probably that the market will show bearish signs again in order to indicate a bearish opportunity at the level of 0.8780 with targets towards the strongest support around the 0.8659 level. Equally important, the market will form a range between two important levels of 0.8720 and 0.8660, so the range will be 80 pips precisely on the last day of September. Also, it should be noted that the double bottom will set at the level of 0.8659.


More analysis - at instaforex.com

CARVEDILOL is a beta-blocker. Beta-blockers reduce the workload on the heart and help it to carvedilol rosaceabeat more regularly. This medicine is used to treat high blood pressure and heart failure.

CARVEDILOL is a beta-blocker. Beta-blockers reduce the workload on the heart and help it to carvedilol pronunciationbeat more regularly. This medicine is used to treat high blood pressure and heart failure.

CARVEDILOL is a beta-blocker. Beta-blockers reduce the workload on the heart and help it to carvedilol what is it forbeat more regularly. This medicine is used to treat high blood pressure and heart failure.

CARVEDILOL is a beta-blocker. Beta-blockers reduce the workload on the heart and help it to carvedilol dosagebeat more regularly. This medicine is used to treat high blood pressure and heart failure.

- - - Updated - - -

CARVEDILOL is a beta-blocker. Beta-blockers reduce the workload on the heart and help it to carvedilol withdrawalbeat more regularly. This medicine is used to treat high blood pressure and heart failure.

CARVEDILOL is a beta-blocker. Beta-blockers reduce the workload on the heart and help it to carvedilol recreationalbeat more regularly. This medicine is used to treat high blood pressure and heart failure.

CARVEDILOL is a beta-blocker. Beta-blockers reduce the workload on the heart and help it to carvedilol oaiabeat more regularly. This medicine is used to treat high blood pressure and heart failure.

- - - Updated - - -

CARVEDILOL is a beta-blocker. Beta-blockers reduce the workload on the heart and help it to carvedilol tv 7296beat more regularly. This medicine is used to treat high blood pressure and heart failure.

Technical analysis of USD/JPY for October 09, 2014

https://forex-images.instaforex.com/...09/!USDJPY.jpg

In Asia, Japan will release the Core Machinery Orders m/m, Prelim Machine Tool Orders y/y, and the US will release some economic data such as Unemployment Claims, Wholesale Inventories m/m. Natural Gas Storage, 30-y Bond Auction. So there is a big probability the USD/JPY will move with low to medium volatility during the day. TODAY

TECHNICAL LEVELS:
Resistance. 3: 108.68.
Resistance. 2: 108.45.
Resistance. 1: 108.24.
Support. 1: 107.99.
Support. 2: 107.78.
Support. 3: 107.56.

More analysis - at instaforex.com

Technical analysis of GBP/JPY for October 13, 2014

https://forex-images.instaforex.com/...PJPYWeekly.png

In the previous session, the pair finally broke the 50 and 100Dsma and closed below those levels. In the weekly chart, the pair broke the 20Wsma and closed below this as well. On the down side the pair has support at 172.00 200Dsma, 171.60, the 80% fib level, 171.00 and 170.60 200Dema levels. In the near and short term, the support zone is between 171.00 and 170.60 levels. In case if this week it closes below 171.00, we can expect strong sell-offs again towards 169.50. In case if the pair closes below the base of the ascending triangle, we can expect another free fall in the short and medium term. The pair has resistance at 173.45 20Wsma and 173.75. Until the price closes below 173.75, use every rise to sell.

Support: 172.00, 171.00, 170.60.
Resistance: 173.35, 173.75, 174.24.


More analysis - at instaforex.com

Technical analysis of USD/JPY for October 15, 2014

https://forex-images.instaforex.com/...w/trader_3.jpg

In Asia, Japan will release the 30-y Bond Auction, Revised Industrial Production m/m, and the US will release some economic data such as PPI m/m, Retail Sales m/m, Core PPI m/m, Empire State Manufacturing Index, Business Inventories m/m, Beige Book, Federal Budget Balance. So there is a big probability the USD/JPY will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:
Resistance. 3: 107.70.
Resistance. 2: 107.49.
Resistance. 1: 107.28.
Support. 1: 107.03.
Support. 2: 106.82.
Support. 3: 106.60.

More analysis - at instaforex.com

Technical analysis of GBP/CHF for October 14, 2014

https://forex-images.instaforex.com/...hf16102014.jpg

Technical outlook and chart setups:
The GBP/CHF extends its drop below 1.5100 levels for now, and just about to break below the line of support as depicted here. A confirm break below the trend line and subsequently 1.4970 levels, would indicate that a top is in place and that rallies could be sold. It is recommended to remain flat for now and wait for a reaction at current levels. Support is seen at 1.4970, followed by 1.4750 and lower while resistance is seen at 1.5450 and 1.5550 respectively. The 1.5400 levels could be resistance for subsequent rallies from here on.

Trading recommendations:
Remain flat for now. Aggressive trade setup could be to initiate long positions for a counter trend rally, stop at 1.4940, target is at 1.5400.


More analysis - at instaforex.com

Technical analysis of USD/JPY for October 17, 2014

https://forex-images.instaforex.com/...w/trader_3.jpg

In Asia, Japan will not release any economic reports, but the US will release some economic data such as Building Permits, Housing Starts, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations, and the Fed Chair Yellen Speechaks. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session.

TODAY TECHNICAL LEVELS:
Resistance. 3: 106.87.
Resistance. 2: 106.66.
Resistance. 1: 106.45.
Support. 1: 106.19.
Support. 2: 105.98.
Support. 3: 105.77.

More analysis - at instaforex.com

Daily analysis of GBP/USD for October 20, 2014

https://forex-images.instaforex.com/...9/GBPUSDH4.png

In the H4 chart, the GBP/USD continues to consolidate above the support level of 1.6051, so this pair has formed a fractal near the 1.6110 level, which could exert strong resistance on the GBP/USD. This pair is approaching the 200-day moving average resistance at the level of 1.6226, which would be the nearest bullish target on the road.

H4chart's resistance levels: 1.6100 1.6226
H4 chart's support levels: 1.6051 - 1.6004
The GBP/USD has found strong resistance at the level of 1.6117. This pair is still trying to consolidate above this level. On the H1 chart, the MACD indicator remains in negative territory and GBPUSD has made a rebound at 200 SMA.


More analysis - at instaforex.com

Daily analysis of major pairs for October 22, 2014

https://forex-images.instaforex.com/...13932024_1.png

EUR/USD: The EUR/USD is now experiencing a pullback in the context of
an uptrend. The pullback may offer another opportunity to go long;
unless the price goes below the support line at 1.2700, which would
put the bullish outlook in jeopardy. With the continuation of the
bullish trend, the price could reach the resistance line at 1.2800
again.


More analysis - at instaforex.com

Technical analysis of GBP/CHF for October 23, 2014

https://forex-images.instaforex.com/...hf23102014.jpg

Technical outlook and chart setups:
The GBP/CHF has managed to hit 1.5320/30 levels as expected and discussed yesterday. Please note that it is also the fibonacci 0.618 resistance of the decline from 1.5550 and 1.4975 earlier. It is recommended to initiate short positions now, risk remains above 1.5450 at least. Resistance is seen at 1.5450, followed by 1.5550 while support is seen at 1.5200, followed by 1.5100, 1.4975 and lower respectively. It looks like bears could resume the down move from current levels and eventually extend it towards 1.4975 and lower. The pair might have formed a meaningful top at 1.5550 levels and could remain lower for a while.

Trading recommendations:
Remain short from current levels, stop above 1.5450, target is open.

More analysis - at instaforex.com

Technical analysis on EUR/USD for October 24, 2014

https://forex-images.instaforex.com/.../EURUSDH42.png

The greenback is supported by the strong US weekly jobless claims numbers. On Wednesday's session the pair was falling below the ascending symmetric triangle, closed below that and 20dsma as well. In yesterday's session, the pair was rejected at the 20Dsma level. The initial resistance level was at 1.2689 levels. Until the pair closes above 1.2690, sell on every rise. In the h4 chart, the prices are facing a strong resistance level at 12DEMA. On the downside, the pair has support at 1.2625, below this, 1.2606, 1.2584 and 1.2578 are open targets. The selling pressure will increase below 1.2578 (the 80.0 fib level) towards the previous lows at 1.2500 which are strong support and key trend decider levels. On the other side, 1.2676, above 1.2686, 1.2710 and 1.2740 are strong resistance levels. We recommend fresh selling below 1.2625 or wait for an upswing to start selling at 1.2740 levels.

Trade- Selling below 1.2625


More analysis - at instaforex.com

Weekly technical levels of EUR/USD for October 27-31, 2014

https://forex-images.instaforex.com/...6/eurusdh1.png

Overview:
The EUR/USD pair in the long term.
The pair called for a bearish market from the level of 1.2839 and closed at 1.2669 last week. So, the price of the EUR/USD pair is going to continue the bearish trend from the level of 1.2707. It also should be noted that the pivot point is set at the same price of 1.2707 for October 27-31, 2014. Accordingly, it will be a good sign to sell below 1. 2707 with the first target of 1.2613 to test a minor support at this price. Moreover, the double bottom will set at the 1.2613 level. Also, it will call for downtrend in order to continue its bearish movement towards 1.2575 in order to test the weekly support 1.
At the same time, the stop loss should be placed above the weekly pivot point at the price of 1.2730. Equally important, the resistance will set at the 1.2727 level (50% of Fibonacci retracement levels). Additionally, it should be noted that the range today will be about 74 pips.


More analysis - at instaforex.com

Technical analysis of Gold for October 29, 2014

https://forex-images.instaforex.com/...sd29102014.jpg

Technical outlook and chart setups:
The 4H chart view presented here indicates that Gold could still dip towards $1,210.00 levels before resuming rally. As seen here, the $1,210.00 level is fibonacci 0.618 support of the rally between $1183 and $1,255.00. Furthermore it is also the extension of the drop from $1,255.00 to $1,225.00/26.00 levels. Support is seen at $1,205.00, followed by $1,183.00, while resistance is seen at $1,255.00 (interim), followed by $1,275.00 and higher respectively. It is recommended to look to enter buying around $1,210.00 levels as a safe trading strategy. On the flip side, the metal is expected to face resistance around $1,240.00 levels, if a rally is materialized from current levels. An aggressive trade strategy cold be to initiate short positions there. ($1,240.00).

Trading recommendations:
Short around $1,240.00 if the metal rallies from current levels, set stop above $1,255.00, target is $1,210.00. OR Initiate long positions after a dip at $1,210.00 levels.


More analysis - at instaforex.com

Forecast and trading recommendations on EUR/JPY for Octoebr 30, 2014

https://forex-images.instaforex.com/...URJPYDaily.png

The cross is trading at 3-week high. The cross managed to breach the 20Wsma, but was unable to sustain above that. In the daily chart, we can see the minor double top at 137.75 levels on a closing basis. On a monthly closing basis, the pair must close above 138.48 levels. In case, if the cross closes below 138.48 we can clearly see the double top formation in the monthly charts representing a downward move towards 135.45 levels. In case, if the cross manages to close above 138.48 the pair can extend its upswing towards 139.40 and 139.90 levels. Including today, we have 1 more trading session left in the current month. In the longer term picture we can see the 131.40 and 129.0 breaks, below this, another steep correction towards 2013 February and March lows. In the current month, the cross erased the 3/4th of its losses. We will re-analyze the chart in case if the pair closes above 138.48 on a monthly closing basis. The Euro is weaker than the Yen.

More analysis - at instaforex.com