Instaforex Analysis

Technical analysis of USD/CHF for June 28, 2017

Overview:

The USD/CHF pair has kept moving downwards from the level of 0.9701. Yesterday, the pair dropped from the level of 0.9701(this level of 0.9701 coincides with the ratio of 61.8% Fibonacci retracement) to the bottom around 0.9591. Today, the first resistance level is seen at 0.9660 followed by 0.9701, while daily support 1 is seen at 0.9545. According to the previous events, the USD/CHF pair is still moving between the levels of 0.9660 and 0.9545; for that, we expect a range of 115 pips (0.9660 - 0.9545). If the USD/CHF pair fails to break through the resistance level of 0.9545, the market will decline further to 0.9500 in coming days. This would suggest a bearish market because the RSI indicator is still in a positive area and does not show any trend reversal signs. On the contrary, if a breakout takes place at the resistance level of 0.9731 (the double top), then this scenario may become invalidated.

Analysis are provided by InstaForex

Daily analysis of USDX for June 29, 2017

Overview:

USDX is accelerating the downside and it looks can reach the support zone of 95.77 in coming hours. If the index manages to consolidate its price action below 95.77, then it's likely to test the support area of 95.10. However, we expect a recovery to take place, focusing on the resistance zone of 96.77, which coincides with the 200 SMA at H1 chart.

H1 chart's resistance levels: 96.77 / 97.20
H1 chart's support levels: 96.38 / 95.77

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USD Index breaks with a bearish candlestick; the support level is at 95.77, take profit is at 95.10 and stop loss is at 96.42.

Analysis are provided by InstaForex

Elliott wave analysis of EUR/NZD for June 30, 2017

Wave summary;

Red wave ii is likely turning into an expanded flat correction, which calls for a final decline to just below 1.5480 before turning strongly higher in red wave iii. After an expanded flat wave two correction, the following wave three rallies should be expected to extend and that will call for a rally to at least 1.6232 and possibly even higher.

R3: 1.5931
R2: 1.5801
R1: 1.5712
Pivot: 1.5650
S1: 1.5600
S2: 1.5500
S3: 1.5450

Trading recommendation:
We are long EUR from 1.5645 with stop placed at 1.5210. If you are not long EUR yet, then buy EUR near 1.5450 and use the same stop.

Analysis are provided by InstaForex

Technical analysis of USD/JPY for July 03, 2017

In Asia, Japan will release the Consumer Confidence, Final Manufacturing PMI, Tankan Non-Manufacturing Index, and Tankan Manufacturing Index data, and the US will release some Economic Data, such as Total Vehicle Sales, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing PMI, and Final Manufacturing PMI. So, there is a probability the USD/JPY will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Resistance. 3: 112.87.
Resistance. 2: 112.65.
Resistance. 1: 112.43.
Support. 1: 112.16.
Support. 2: 111.94.
Support. 3: 111.72.

Analysis are provided by InstaForex

Technical analysis of EUR/USD for July 18, 2017

When the European market opens, some Economic Data will be released, such as ZEW Economic Sentiment and German ZEW Economic Sentiment. The US will release the Economic Data, too, such as NAHB Housing Market Index and Import Prices m/m, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1528.
Strong Resistance:1.1521.
Original Resistance: 1.1510.
Inner Sell Area: 1.1499.
Target Inner Area: 1.1472.
Inner Buy Area: 1.1445.
Original Support: 1.1434.
Strong Support: 1.1423.
Breakout SELL Level: 1.1416.

Analysis are provided by InstaForex

Technical analysis of NZD/USD for July 19, 2017

Overview:
The NZD/USD pair is showing signs of strength following a breakout of the highest level of 0.7307. On the H1 chart. the level of 0.7307 coincides with 61.8% of Fibonacci, which is expected to act as minor support today. Since the trend is above the 61.8% Fibonacci level, the market is still in an uptrend. So, major support is seen at the level of 0.7307. Furthermore, the trend is still showing strength above the moving average (100). Thus, the market is indicating a bullish opportunity above the above-mentioned support levels, for that the bullish outlook remains the same as long as the 100 EMA is headed to the upside. Therefore, strong support will be found at the level of 0.7307 providing a clear signal to buy with a target seen at 0.7372. If the trend breaks the minor resistance at 0.7372, the pair will move upwards continuing the bullish trend development to the level 0.7400 in order to test the daily resistance 1. However, it would also be sage to consider where to place a stop loss; this should be set below the second support of 0.7287.

Analysis are provided by InstaForex

Technical analysis of USD/JPY for July 20, 2017

In Asia, Japan will release the BOJ Press Conference, All Industries Activity m/m, BOJ Policy Rate, BOJ Outlook Report, Monetary Policy Statement, and Trade Balance data, and the US will release some Economic Data, such as Natural Gas Storage, CB Leading Index m/m, Philly Fed Manufacturing Index, and Unemployment Claims. So, there is a probability the USD/JPY will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Resistance. 3: 112.43.
Resistance. 2: 112.21.
Resistance. 1: 112.01.
Support. 1: 111.73.
Support. 2: 111.51.
Support. 3: 111.29.

Analysis are provided by InstaForex

Technical analysis of USD/CHF for July 21, 2017

Overview:

The USD/CHF pair.
Pivot: 0.9590.
The swissy fell from the level of 0.9665 to bottom at 0.9523. The USD/CHF pair has faced strong support at the level of 0.9523 (the double bottom). Current price is around the spot of 0.9520. So, the strong support has been already faced at the level of 0.9523 and the pair is likely to try to approach it in order to test it again and form a double bottom. Hence, the USD/CHF pair is continuing to trade in a bullish trend from the new support level of 0.9523; to form a bullish channel. According to the previous events, we expect the pair to move between 0.9523 and 0.9665. Also, it should be noted major resistance is seen at 0.9665, while immediate resistance is found at 0.9590. Then, we may anticipate potential testing of 0.9665 to take place soon. Moreover, if the pair succeeds in passing through the level of 0.9665, the market will indicate a bullish opportunity above the level of 0.9665. A breakout of that target will move the pair further upwards to 0.9746. Buy orders are recommended above the area of 0.9523 with the first target at the level of 1.9590 and continue towards the levels of 0.9665 and 0.9746. However, if the USD/CHF pair fails to break out through the resistance level of 1.9590; the market will decline further to the level of 0.9453.

Analysis are provided by InstaForex

NZD/USD Intraday technical levels and trading recommendations for July 24, 2017

https://forex-images.ifxdb.com/userf...58ba831b61.png

Daily Outlook

The NZD/USD pair has been trending up within the depicted bullish channel since January 2016.

In November 2016, early signs of bullish weakness were expressed on the chart when the pair failed to record a new high above 0.7400.

A bearish breakout of the lower limit of the channel took place in December 2016. In February 2017, the depicted short-term downtrend was initiated in the depicted supply zone (0.7310-0.7380).

However, a recent bullish breakout above the downtrend line took place in May 22. Since then, the market has been bullish as depicted on the chart.

The price zone of 0.7150-0.7230 (SUPPLY ZONE in confluence with 61.8% Fibonacci level) stood as a temporary resistance zone until a bullish breakout was expressed above 0.7230.

This resulted in a quick bullish advance towards the next supply zone around 0.7310-0.7380 which is being temporarily breached to the upside.

Now the price zone of 0.7310-0.7380 turns to be a newly-established demand-zone to be watched for possible bullish rejection if any bearish pullback occurs.

InstaForex analytical reviews will make you fully aware of market trends!
Being an InstaForex client, you are provided with a large number of free services for efficient trading.

AUD/USD prepare to sell on break of key support

The price is hovering above key support at 0.7871 (Fibonacci retracement, horizontal swing low support) and we prepare to sell once price breaks this key level. Our profit target is a push down to next key support level at 0.7741 (Fibonacci retracement, horizontal pullback support).

RSI (55) is seeing bearish momentum within its bearish descending channel.

Sell below 0.7871. Stop loss is at 0.7937. Take profit is at 0.7741.

https://forex-images.ifxdb.com/userf...6aaf645232.png

InstaForex analytical reviews will make you fully aware of market trends!
Being an InstaForex client, you are provided with a large number of free services for efficient trading.

USD/CHF profit target reached perfectly, prepare to sell

The price has shot up perfectly and reached our profit target from yesterday. We prepare to sell below major resistance at 0.9530 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance) for a push down to at least 0.9436 support (Fibonacci extension, horizontal swing low support).

Stochastic (55,5,3) is right on major resistance at 95%.

Sell below 0.9530. Stop loss is at 0.9563. Take profit is at 0.9436.

https://forex-images.ifxdb.com/userf...7f6a537527.png

InstaForex analytical reviews will make you fully aware of market trends!
Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Technical analysis of EUR/USD for July 27, 2017

When the European market opens, some Economic Data will be released, such as Private Loans y/y, M3 Money Supply y/y, GfK German Consumer Climate, and Spanish Unemployment Rate. The US will release the Economic Data, too, such as Natural Gas Storage, Prelim Wholesale Inventories m/m, Goods Trade Balance, Durable Goods Orders m/m, Unemployment Claims, and Core Durable Goods Orders m/m, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1787.
Strong Resistance:1.1780.
Original Resistance: 1.1769.
Inner Sell Area: 1.1758.
Target Inner Area: 1.1730.
Inner Buy Area: 1.1702.
Original Support: 1.1691.
Strong Support: 1.1680. Breakout SELL Level: 1.1673.

Analysis are provided by InstaForex

Technical analysis of USD/CHF for July 28, 2017

Overview:

The USD/CHF pair broke resistance which turned to a strong support at the level of 0.9579 yesterday. The level of 0.9579 coincides with 38.2% of Fibonacci, which is expected to act as a major support today. Since the trend is above the 38.2% Fibonacci level, the market is still in an uptrend. From this point, the USD/CHF pair is continuing in a bullish trend from the new support of 0.9575. Currently, the price is in a bullish channel. According to the previous events, we expect the USD/CHF pair to move between 0.9579 and 0.9728. In the H4 chart, resistance is seen at the levels of 0.9666 and 0.9728. Also, it should be noticed that the level of 0.9666 represents the daily pivot point. Therefore, a strong support will be formed at the level of 0.9575 providing a clear signal to buy with the targets seen at 0.9666. If the trend breaks the support at 0.9666 (the first resistance), the pair will move upwards continuing the development of the bullish trend to the level 0.9728 in order to test the daily resistance 2. However, the stop loss is to be placed below the level of 0.952.

Analysis are provided by InstaForex

Technical analysis of EUR/USD for July 31, 2017

When the European market opens, some economic data will be released such as unemployment rate, Italian flash CPI m/m, core CPI flash estimate y/y, CPI flash estimate y/y, Italian monthly unemployment rate, and German retail sales m/m. The US will release its pending home sales m/m and Chicago PMI. So amid the reports, the EUR/USD will move in a low to medium volatility today.

Today's technical levels:
Breakout buy Level: 1.1804.
Strong resistance:1.1797.
Original resistance: 1.1786.
Inner sell area: 1.1775.
Target inner area: 1.1747.
Inner buy area: 1.1719.
Original support: 1.1708.
Strong support: 1.1697.
Breakout sell level: 1.1690.

Analysis are provided by InstaForex

EUR/JPY profit target reached once again, prepare to sell

The price has bounced above our buying entry and is fast approaching our profit target once again. We prepare to sell below major resistance at 130.78 (Fibonacci extension, horizontal swing high resistance) for a drop towards 129.96 support (Fibonacci retracement, horizontal pullback support).

Stochastic (34,5,3) is seeing major resistance below 94% where we expect a strong drop from.

Correlation analysis: We are seeing JPY strength with AUD/JPY and EUR/JPY expecting drops. We are also expecting EUR weakness with strong resistance seen on EUR/USD and EUR/JPY.

Sell below 130.78. Stop loss is at 131.08. Take profit is at 129.96.

Analysis are provided by InstaForex

Technical analysis of USD/JPY for Aug 02, 2017

In Asia, Japan will release the Consumer Confidence and Monetary Base y/y data, and the US will release some Economic Data, such as Crude Oil Inventories and ADP Non-Farm Employment Change. So, there is a probability the USD/JPY will move with medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Resistance. 3: 111.05.
Resistance. 2: 110.84.
Resistance. 1: 110.62.
Support. 1: 110.34.
Support. 2: 110.13.
Support. 3: 109.91.

Analysis are provided by InstaForex

Technical analysis of USD/JPY for Aug 04, 2017

In Asia, Japan will release the Average Cash Earnings y/y data, and the US will release some Economic Data, such as Trade Balance, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m. So, there is a probability the USD/JPY will move with medium to high volatility during this day.

TODAY'S TECHNICAL LEVEL:
Resistance. 3: 110.63.
Resistance. 2: 110.41.
Resistance. 1: 110.20.
Support. 1: 109.93.
Support. 2: 109.72.
Support. 3: 109.50.

Analysis are provided by InstaForex

Technical analysis of EUR/USD for Aug 08, 2017

When the European market opens, some Economic Data will be released, such as French Trade Balance, French Gov Budget Balance, and German Trade Balance. The US will release the Economic Data, too, such as IBD/TIPP Economic Optimism, Mortgage Delinquencies, JOLTS Job Openings, and NFIB Small Business Index, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1855.
Strong Resistance:1.1848.
Original Resistance: 1.1837.
Inner Sell Area: 1.1826.
Target Inner Area: 1.1798.
Inner Buy Area: 1.1770.
Original Support: 1.1759.
Strong Support: 1.1748.
Breakout SELL Level: 1.1741.

Analysis are provided by InstaForex

Germany shows its poor performance

Data for France and Germany, which came out in the morning, were completely ignored by the market. The low intraday volatility, which did not exceed 20 points in the EURUSD pair, indicates that many investors and traders prefer to take some pause, since the US dollar's rally since Friday is no longer supported by large players, and many market participants are in a bit of a confusion and are unsure how to proceed.

According to the statistics agency, there is a decline in German imports and exports. However, this has not yet affected the foreign trade balance.

As indicated in the report, Germany's exports in June this year compared with May decreased by 2.8%, while the reduction in imports was 4.5%. Germany's foreign trade surplus in June amounted to 21.2 billion euros, while economists predicted the trade balance at the level of 21.4 billion euros. It should be noted that as early as May of this year, the surplus passed the 20 billion euros mark for the first time.

The reduction in industrial production in Germany, which was reported yesterday, along with today's data, is the first alarm bell that the economic growth rate of the first-largest euro-zone economy is gradually slowing down, which will undoubtedly affect the indicators for the second quarter of this year.

According to the statistics agency, the current deficit in France's balance of payments increased. This happened due to the sharper than expected decline in exports.

According to the report, in June this year the negative balance of the current account the balance of payments totaled to 2.1 billion euros against 1.9 billion euros in May. The trade deficit rose to 4.7 billion euros. The deficit of the state budget of France in June rose to 62.3 billion euros from 61.8 billion euros in May. Since the inauguration of the new president of France, very little time has passed, but, as we recall, Macron promised to give a lot of effort to combat the budget deficit.

In the afternoon, data came from The Retail Economist and Goldman Sachs, according to which retail sales increased during the reporting week. So, the index of sales in US retail chains increased by 2.4% for the week from July 30 to August 5, while in comparison with the same period last year the index grew by 1.1%.

As for the technical picture of the EURUSD pair, it remained unchanged compared to the morning review.

A further downward trend will be entirely fixed at yesterday's support level of 1.1790, to gain a foothold below which it has not yet been possible. Selling is recommended after the return of the trading instrument under the level of 1.1790, with the main goal of reducing the support area to 1.1740. A breakthrough in this area will open up the possibility of the euro falling to new weekly lows of around 1.1670.

Analysis are provided by InstaForex

Elliott wave analysis of EUR/NZD for August 10, 2017

Wave summary:

EUR/NZD continues to work its way higher towards the expected target at 1.6236. This resistance should only be able to provide temporary resistance, before the next swing higher towards 1.6969.

Short-term support is now seen at 1.6005 and again at 1.5920.

R3: 1.6236
R2: 1.6196
R1: 1.6081
Pivot: 1.6050
S1: 1.6005
S2: 1.5959
S3: 1.5920

Trading recommendation:
We are long EUR from 1.5510 with stop placed at 1.5825. If you are not long EUR yet, then buy near 1.6005 and use the same stop at 1.5825.

Analysis are provided by InstaForex

Technical analysis of EUR/USD for Aug 11, 2017

When the European market opens, some Economic Data will be released, such as French Prelim Non-Farm Payrolls q/q, French Final CPI m/m, German WPI m/m, and German Final CPI m/m. The US will release the Economic Data, too, such as Core CPI m/m and CPI m/m, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1825.
Strong Resistance:1.1818.
Original Resistance: 1.1807.
Inner Sell Area: 1.1796.
Target Inner Area: 1.1768.
Inner Buy Area: 1.1740.
Original Support: 1.1729.
Strong Support: 1.1718.
Breakout SELL Level: 1.1711.

Analysis are provided by InstaForex

AUD/JPY reversing nicely below our selling area, remain bearish

The price dropped really nicely from our selling area yesterday. We remain bearish looking to sell below strong resistance at 86.57 (Fibonacci retracement, Fibonacci extension) for a corrective drop towards 85.42 support (Fibonacci extension, horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance at 91% and also intermediate resistance at 64%.

Correlation analysis: We're seeing JPY strength with drops on AUD/JPY, EUR/JPY, and USD/JPY.

Sell below 86.57. Stop loss is at 85.42. Take profit is at 87.17.

Analysis are provided by InstaForex

Technical analysis of EUR/USD for Aug 16, 2017

When the European market opens, some Economic Data will be released, such as Flash GDP q/q and Italian Prelim GDP q/q. The US will release the Economic Data, too, such as FOMC Meeting Minutes, Crude Oil Inventories, Housing Starts, and Building Permits, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1796.
Strong Resistance:1.1789.
Original Resistance: 1.1778.
Inner Sell Area: 1.1767.
Target Inner Area: 1.1739.
Inner Buy Area: 1.1711.
Original Support: 1.1700.
Strong Support: 1.1689.
Breakout SELL Level: 1.1682.

Analysis are provided by InstaForex

AUD/JPY testing major resistance, remain bearish

The price is testing major resistance at 87.39 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and we expect to see a reaction from this level for a drop to at least 86.32 support (Fibonacci retracement, horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance below 96% where we expect to see a corresponding reaction in price from.

Correlation analysis: We're seeing JPY strength with drops on AUD/JPY,

EUR/JPY, and USD/JPY. Sell below 87.39. Stop loss is at 88.08. Take profit is at 86.32.

Analysis are provided by InstaForex

Technical analysis of EUR/USD for Aug 18, 2017

When the European market opens, some Economic Data will be released, such as Current Account and German PPI m/m. The US will release the Economic Data, too, such as Prelim UoM Inflation Expectations and Prelim UoM Consumer Sentiment, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1771.
Strong Resistance:1.1764.
Original Resistance: 1.1753.
Inner Sell Area: 1.1742.
Target Inner Area: 1.1714.
Inner Buy Area: 1.1686.
Original Support: 1.1675.
Strong Support: 1.1664.
Breakout SELL Level: 1.1657.

Analysis are provided by InstaForex

NZD/USD profit target reached perfectly, prepare to buy for a corrective bounce

The price has dropped absolutely perfectly and has reached our profit target. We prepare to buy above major support at 0.7202 (Fibonacci extension, horizontal swing low support) for a bounce up to at least 0.7331 resistance (Fibonacci retracement, horizontal swing high resistance).

Stochastic (34,5,3) is seeing major support above 3.3% where we expect a further bounce from.

Buy above 0.7202. Stop loss is at 0.7153. Take profit is at 0.7331.

Analysis are provided byInstaForex.

Analysis are provided by InstaForex

EUR/JPY remain bearish for a further drop

The price continues to rise and we're now seeing major resistance at 129.40 (Fibonacci retracement, horizontal pullback resistance, Fibonacci extension) where we expect a strong reaction from to fuel the drop to at least 127.56 support (Fibonacci extension, horizontal swing low support).

Stochastic (34,5,3) is once against testing our 93% resistance level where we expect a drop from.

Sell below 129.40. Stop loss is at 129.86. Take profit is at 127.56.

Analysis are provided by InstaForex

AUD/USD bounced perfectly above our buying area and reached our profit target. Prepare to sell

The price bounced perfectly from our buying area and reached our profit target. We prepare to sell below 0.7979 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish divergence) for a push down to at least 0.7909 support (Fibonacci retracement, horizontal overlap support).

Stochastic (34,5,3) is seeing bearish divergence vs price signaling that a reversal is impending.

Sell below 0.7979. Stop loss is at 0.8003. Take profit is at 0.7909.

Analysis are provided by InstaForex

The Euro continued its correction

The euro did not take advantage of the chance to rise against the US dollar after the release of good data on inflation in Germany and the index of sentiment in the euro area economy.

According to the report of the statistics agency, the consumer price index harmonized in accordance with the EU standards in Germany increased by 1.8% in August this year compared to the same period in 2016, while economists expected growth of only 1.7%. Compared to July, inflation increased by 0.1%, fully coinciding with the forecast. As a rule, low prices for energy carriers continue to create the main problem.

Despite the fact that all values are still preliminary, traders were disappointed by the rather weak indicators and core inflation.

However, there are also positive moments. According to the report, the growth of salaries in Germany sharply accelerated in the second quarter of this year. So, in comparison with the second quarter of 2016, salaries increased by 3.8%. From this, we can conclude that a sharp drop in the unemployment rate did not seriously affect the wage index, which is a good indicator for the economy.

Data on sentiment in the euro area economy also supported the euro in the morning. According to the report of the statistical agency, the index of sentiment in the economy of the eurozone in August this year rose to 111.9 points against 111.3 points in July. Economists had expected the index to remain unchanged.

The US labor market and the economy are in perfect order, which was reflected in the quotes of the EUR/USD pair, which declined after the report on changes in the number of employees from ADP.

The number of jobs in the private sector in the US in August this year increased by 237,000, while economists expected growth of only 185,000 jobs. Data for July were revised upward, to 201,000.

Analysis are provided by InstaForex

Technical analysis of EUR/USD for Sept 04, 2017

When the European market opens, some Economic Data will be released, such as PPI m/m, Sentix Investor Confidence, and Spanish Unemployment Change. Today the US will not release any Economic Data, so, amid the reports, EUR/USD will move in a low volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1939.
Strong Resistance:1.1932.
Original Resistance: 1.1921.
Inner Sell Area: 1.1910.
Target Inner Area: 1.1882.
Inner Buy Area: 1.1854.
Original Support: 1.1843.
Strong Support: 1.1832.
Breakout SELL Level: 1.1825.

Analysis are provided by InstaForex

Technical analysis of USD/JPY for Sept 05, 2017

In Asia, Japan will release the 10-y Bond Auction data, and the US will release some Economic Data, such as IBD/TIPP Economic Optimism and Factory Orders m/m. So, there is a probability the USD/JPY will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Resistance. 3: 110.09.
Resistance. 2: 109.88.
Resistance. 1: 109.66.
Support. 1: 109.40.
Support. 2: 109.19.
Support. 3: 108.97.

Analysis are provided by InstaForex

NZD/USD testing major resistance, prepare to sell

The price is testing major resistance at 0.7261 (Multiple Fibonacci retracements, horizontal swing high resistance) and we expect to see a strong reaction from this level to push the price down to at least 0.7208 support (Fibonacci retracement, horizontal pullback support).

Stochastic (34,5,3) is seeing major resistance below 92% and we expect a corresponding reaction off this level.

Sell below 0.7261. Stop loss is at 0.7301. Take profit is at 0.7208.

Analysis are provided by InstaForex

EUR/JPY dropping nicely, remain bearish

The price continues to test our major resistance at 134.15 (Fibonacci extension, horizontal swing high resistance) and we expect to see a drop form this level to at least 132.01 support (Fibonacci retracement, horizontal pullback support). Do take note of the bullish ascending channel we're seeing as we might see the price bounces off this level and only a break of the channel would see a stronger drop towards our profit target.

Stochastic (34,5,3) is seeing major resistance at 96% and we expect a drop from this level. It also displays good downside potential for our drop.

Sell below 134.15. Stop loss is at 134.92. Take profit is at 132.01.

Analysis are provided by InstaForex

AUD/JPY right on buying level, remain bullish

The price is now testing major support at 88.52 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, bullish divergence) and we expect to see a bounce above this level to push price up to 89.66 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (34,3,1) is starting to bounce nicely from our 5% support and ha good upside potential

Buy above 88.52. Stop loss is at 87.89. Take profit is at 89.66.

Analysis are provided by InstaForex

Daily analysis of USDX for September 28, 2017

USDX is testing upper Bollinger bands across the board and looks forward to testing the next resistance around 94.04. However, we're still expecting a corrective move towards the 200 SMA at H1 chart in a first degree. If the index manages to break above 94.04, we can expect another higher leg to test the 95.00 psychological level.

H1 chart's resistance levels: 93.09 / 94.04
H1 chart's support levels: 91.67 / 90.30

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USD Index breaks with a bearish candlestick; the support level is at 91.67, take profit is at 90.30 and stop loss is at 93.04.

Analysis are provided by InstaForex

EUR/USD approaching major resistance, prepare to sell

The price is approaching major resistance at 1.1841 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and we expect to see a strong reaction off this level to push the price down to at least 1.1728 support (Fibonacci extension, horizontal swing low support, Elliott wave theory).

Stochastic (34,3,1) is seeing major resistance from the 100% level and we're starting to see a nice reversal take place.

Sell below 1.1841. Stop loss is at 1.1890. Take profit is at 1.1728.

Analysis are provided by InstaForex

Technical analysis of EUR/USD for Oct 03, 2017

When the European market opens, some Economic Data will be released, such as PPI m/m and Spanish Unemployment Change. The US will release the Economic Data, too, such as Total Vehicle Sale, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1789.
Strong Resistance:1.1782.
Original Resistance: 1.1771.
Inner Sell Area: 1.1760.
Target Inner Area: 1.1732.
Inner Buy Area: 1.1704.
Original Support: 1.1693.
Strong Support: 1.1682.
Breakout SELL Level: 1.1675.

Analysis are provided by InstaForex

Technical analysis of USD/JPY for Oct 04, 2017

In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data, such as Crude Oil Inventories, ISM Non-Manufacturing PMI, Final Services PMI, and ADP Non-Farm Employment Change. So, there is a probability the USD/JPY will move with medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Resistance. 3: 113.16.
Resistance. 2: 112.94.
Resistance. 1: 112.72.
Support. 1: 112.44.
Support. 2: 112.22.
Support. 3: 112.00.

Analysis are provided by InstaForex

Technical analysis of EUR/USD for Oct 05, 2017

When the European market opens, some Economic Data will be released, such as ECB Monetary Policy Meeting Accounts, French 10-y Bond Auction, Spanish 10-y Bond Auction, and Retail PMI. The US will release the Economic Data, too, such as Natural Gas Storage, Factory Orders m/m, Trade Balance, Unemployment Claims, and Challenger Job Cuts y/y, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1812.
Strong Resistance:1.1805.
Original Resistance: 1.1794.
Inner Sell Area: 1.1783.
Target Inner Area: 1.1755.
Inner Buy Area: 1.1727.
Original Support: 1.1716.
Strong Support: 1.1705.
Breakout SELL Level: 1.1698.

Analysis are provided by InstaForex

EUR/USD testing strong resistance, prepare to sell

The price has bounced up perfectly from our buying area previously and is fast approaching our profit target. We turn bearish today looking to sell below 1.11744 resistance (Fibonacci retracement, horizontal pullback resistance) for a push down to at least 1.1653 support (Fibonacci extension).

Stochastic (21,5,3) is seeing major resistance below 95% and we expect a corresponding reaction from this level.

Sell below 1.1744. Stop loss is at 1.1793. Take profit is at 1.1653.

Analysis are provided by InstaForex