Instaforex Analysis

**InstaForex Gertrude** · 07-09-15, 09:33

Technical analysis of EUR/USD for September 07, 2015

When the European market opens, economic news on the Sentix Investor Confidence and German Industrial Production m/m is due to be released. The US will not unveil any economic data today. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.1206.
Strong Resistance:1.1200.
Original Resistance: 1.1189.
Inner Sell Area: 1.1178.
Target Inner Area: 1.11152.
Inner Buy Area: 1.1126.
Original Support: 1.1115.
Strong Support: 1.1104.
Breakout SELL Level: 1.10698.

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**InstaForex Gertrude** · 08-09-15, 09:45

Daily analysis of GBP/USD for September 08, 2015

The pair is already trying to correct the decline that has been unfolding for several days. It could reach the 200 SMA on the H1 chart soon. That level is located at 1.5329, where a pullback could happen in order to gain fresh bearish momentum. There is an opportunity that GBP/USD will break the support level of 1.5272 and fall to 1.5220.

Daily chart's resistance levels: 1.5329 / 1.5479
Daily chart's support levels: 1.5181 / 1.5089
H1 chart's resistance levels: 1.5329 / 1.5402
H1 chart's support levels: 1.5272 / 1.5220

Trading recommendations for today:
Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.5272, take profit is at 1.5220, and stop loss is at 1.5328.

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**InstaForex Gertrude** · 15-09-15, 08:19

Technical analysis of USD/JPY for September 14, 2015

USD/JPY is expected to trade in a lower range. US stocks continued advancing on Friday with the Dow Jones Industrial Average gaining 0.6% to 16433, the S&P 500 rising 0.5% to 1961, and the Nasdaq Composite climbing 0.5% to 4822. Nymex crude oil dropped 2.8% to settle at $44.63 a barrel, gold fell 0.3% to $1107 a troy ounce, while the 10-year Treasury yield edged down to 2.191% from 2.222% on Thursday. While all eyes are on the US Federal Reserve interest rate decision at its September 16-17 meeting, the US dollar weakened against most other major currencies on Friday. The pair is trading below the key resistance at 120.95. Intraday technical indicators are mixed: the 20-period intraday moving average (MA) stays below the 50-period one, while the intraday relative strength indicator (RSI) is above the neutrality level of 50. As long as 120.95 holds as the key resistance, the pair is expected to show choppy price actions with a bearish bias. The first downside target is set at 119.60 (around the low of September 11); and the second one, at 119.10 (around the low of September 10).

Trading recommendations:
The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 119.60. A break of that target will move the pair further downwards to 119.10. The pivot point stands at 120.95. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, long positions are recommended with the first target at 121.30 and the second target at 121.70.

Resistance levels: 121.70 122 122.50
Support levels: 119.90 119.60 119.20

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**InstaForex Gertrude** · 15-09-15, 09:20

Elliott wave analysis of EUR/NZD for September 15, 2015

Technical summary:
We do not see any changes here as we are still looking for a firm breakout above resistance at 1.7996 in order to perform the next rally higher to 1.8289 and even high to 1.8702 in wave iii of (v). In the short term, we expect minor support at 1.7777 to protect the downside for a breakout above 1.7996.

Trading recommendation:
We are long EUR from 1.7490 with stop placed at 1.7620. If you are not long EUR yet, buy on a break above 1.7996 and place you stop at 1.7775.

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**InstaForex Gertrude** · 16-09-15, 08:42

Technical analysis of EUR/USD for September 16, 2015

When the European market opens, economic news on the German 30-y Bond Auction, Final Core CPI y/y, and Final CPI y/y is due to be published. The US will release data about the TIC Long-Term Purchases, Crude Oil Inventories, NAHB Housing Market Index, Core CPI m/m, and CPI m/m. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.1324.
Strong Resistance:1.1318.
Original Resistance: 1.1307.
Inner Sell Area: 1.1296.
Target Inner Area: 1.1270.
Inner Buy Area: 1.1244.
Original Support: 1.1233.
Strong Support: 1.1223.
Breakout SELL Level: 1.1216.

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**InstaForex Gertrude** · 17-09-15, 08:50

Elliott wave analysis of EUR/NZD for September 17, 2015

Technical summary:
A correction in wave ii has taken more time than first expected, but nothing else has changed. We are still looking for a break above resistance at 1.7866 to enable a rally towards at least 1.8288 and most likely even higher to 1.8682 in wave iii. Ideally, support at 1.7702 will be able to protect the downside for a breakout above 1.7866.

Trading recommendation:
We are long EUR from 1.7490 with stop at 1.7620. If you are not long EUR yet, then buy on a break above resistance at 1.7866 with stop placed at 1.7700.

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**InstaForex Gertrude** · 18-09-15, 09:23

Technical analysis of AUD/USD for September 18, 2015

Overview:
The AUD/USD pair rose from the strong level of 0.7140 and extended further to as high as 0.7172 yesterday, but it closed at the level of 0.7165 today. It should be noted that support is seen at 0.7140 because this level has also formed double bottom. Furthermore, the price set above 50% of Fibonacci retracement levels since last week. For that purpose, we expect a saturation around the level of 0.7140 or 0.7132. Hence, the market is likely to start showing the signs of a bullish bias again from this spot in order to indicate a bullish opportunity from the level of 0.7140 (50% of Fibonacci retracement levels in the H1 chart). Accordingly, buy above the level of 0.7140 with the first target at 0.7191 besides it will call for an uptrend in order to continue bullish movement towards 0.7250 in coming hours. On the other hand, if the bulls are forced to pull back below the level of 0.7125 and sellers can break this level, therefore the best solution is to set a stop loss at the 0.712.

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**InstaForex Gertrude** · 22-09-15, 09:02

Technical analysis of EUR/USD for September 22, 2015

When the European market opens, economic news about the Consumer Confidence is due to be released. The US will publish economic data on the Richmond Manufacturing Index and HPI m/m. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.1240.
Strong Resistance:1.1234.
Original Resistance: 1.1223.
Inner Sell Area: 1.1212.
Target Inner Area: 1.1186.
Inner Buy Area: 1.1160.
Original Support: 1.1149.
Strong Support: 1.1138.
Breakout SELL Level: 1.1132.

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**InstaForex Gertrude** · 23-09-15, 09:22

Daily analysis of GBP/USD for September 23, 2015

On the daily chart, GBP/USD continues to move lower across the support zone of 1.5344, where we should expect a rebound towards resistance zone of 1.5479. Currently, the bearish bias looks strong enough to reach another low below the support level of 1.5344 and pointing to the level of 1.5256. The MACD indicator is entering the neutral territory.

The intraday structure is still calling for more downside, because the cable is forming a lower low pattern below the 200 SMA on the H1 chart and the resistance level of 1.5417. A breakout below 1.5341 will push the pair to the level of 1.5285. The 200 SMA is currently moving in a bearish direction.

Daily chart's resistance levels: 1.5479 / 1.5559
Daily chart's support levels: 1.5344 / 1.5256
H1 chart's resistance levels: 1.5417 / 1.5468
H1 chart's support levels: 1.5341 / 1.5285

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.5417, take profit is at 1.5468, and stop loss is at 1.5364.

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**InstaForex Gertrude** · 06-10-15, 08:30

Technical analysis of USD/JPY for October 06, 2015

In Asia, Japan is not expected to release any economic data, but the US will deliver economic news on the IBD/TIPP Economic Optimism and Trade Balance. So, there is a strong probability that USD/JPY will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:
Resistance. 3: 121.12.
Resistance. 2: 120.88.
Resistance. 1: 120.64.
Support. 1: 120.35.
Support. 2: 120.11.
Support. 3: 119.87.

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**InstaForex Gertrude** · 07-10-15, 08:49

Daily analysis of GBP/USD for October 07, 2015

On the daily chart, GBP/USD has been extending a rebound towards the resistance level of 1.5256. The cable is forming a lower low pattern and the current moves should be a preparation for a further decline.

The short-term outlook indicates recovery from after a fall held below the suport zone of 1.5166, and now GBP/USD is forming a higher high pattern above the 200 SMA in the H1 chart, in order to perform a rally towards the resistance level of 1.5285. However, we are still expecting an inminent breakout below the zone of 1.5223.

Daily chart's resistance levels: 1.5256 / 1.5325
Daily chart's support levels: 1.5169 / 1.5030
H1 chart's resistance levels: 1.5285 / 1.5342
H1 chart's support levels: 1.5223 / 1.5166

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the resistance level is at 1.5223, take profit is at 1.5166, and stop loss is at 1.5276.

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**InstaForex Gertrude** · 08-10-15, 09:05

Daily analysis of GBP/USD for October 08, 2015

GBP/USD had a strong bullish momentum above support zone of 1.5169 and we could say that level is currently acting as a major bottom on the cable. Currently, we expect a breakout above the resistance level of 1.5325 in order to reach the level of 1.5381. However, a pullback around current levels will send this pair to test the zone of 1.5256.

On the H1 chart, GBP/USD has been performing a consolidation above the support level of 1.5285 with a higher high pattern formation. Also, a breakout above 1.5342 will open the door to the psychological zone of 1.5400. The 200 SMA is slightly pointing to the upside, but the MACD indicator is entering the negative territory.

Daily chart's resistance levels: 1.5325 / 1.5381
Daily chart's support levels: 1.5256 / 1.5169
H1 chart's resistance levels: 1.5342 / 1.5400
H1 chart's support levels: 1.5282 / 1.5223

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.5342, take profit is at 1.5400, and stop loss is at 1.5285.

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**InstaForex Gertrude** · 14-10-15, 09:31

Elliott wave analysis of EUR/JPY for October 14, 2015

Technical summary:
We continue to watch for a continuation higher towards 141.00 over coming days/weeks. In the short term, we would like to find support at 135.63 to protect the downside for a break above minor resistance at 136.60 and more importantly above resistance at 136.95 for a continuation higher towards 138.10 as the ideal target for red wave iii. After a minor sideways consolidation, more upside room towards 141.00 would be expected. Only a breakout below 135.63 would question the upside expectations, but it will take a break below 134.62 to invalidate the bullish outlook.

Trading recommendation: We are long EUR from 135.10 with stop placed at 135.30. If you are not long EUR yet, buy near 136.00 or upon a break above 136.60, using the same stop at 135.30.

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**InstaForex Gertrude** · 22-10-15, 09:00

Technical analysis of EUR/USD for October 22, 2015

When the European market opens, some economic news on the Consumer Confidence, Minimum Bid Rate, and Spanish Unemployment Rate.The US will release data on the Natural Gas Storage, CB Leading Index m/m, Existing Home Sales, HPI m/m, and Unemployment Claims. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.1402.
Strong Resistance:1.1395.
Original Resistance: 1.1384.
Inner Sell Area: 1.1373.
Target Inner Area: 1.1346.
Inner Buy Area: 1.1319.
Original Support: 1.1308.
Strong Support: 1.1297.
Breakout SELL Level: 1.1290.

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**InstaForex Gertrude** · 29-10-15, 08:52

Technical analysis of EUR/JPY for October 29 2015

Technical outlook and chart setups:
The EUR/JPY pair seemed to reach a major low at 131.57 yesterday. Please note that the daily chart view presented here suggests that the pair has bounced off the fibonacci 0.618 support levels of the entire rally from the sub-level of 126.00 through 141.00 earlier. The low formed yesterday could be a major infliction point for the next potential rally through fresh swing highs. It is highly recommended to initiate fresh long positions now with risk around 131.40/50. Immediate support is seen at 131.00 followed by 129.00 and lower, while resistance is seen at 137.00 followed by 138.00/139.00 and higher.
Trading recommendations: Initiate fresh long positions with stop at 131.40/50, a target is open.

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**InstaForex Gertrude** · 03-11-15, 08:27

Technical analysis of USD/JPY for November 03, 2015

In Asia, Japan will not release any economic data. However, the US will release some economic data such as Total Vehicle Sales, IBD/TIPP Economic Optimism, and Factory Orders m/m. So there is a big probability the USD/JPY pair will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:
Resistance. 3: 121.35.
Resistance. 2: 121.12.
Resistance. 1: 120.88.
Support. 1: 120.58.
Support. 2: 120.35.
Support. 3: 120.11.

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**InstaForex Gertrude** · 24-11-15, 08:25

Daily analysis of GBP/USD for November 24, 2015

The pair is extending losses below the 200 SMA, as we can see on the H1 chart. Currently, the support level of 1.5100 should be challenged in order to reach another low towards the zone of 1.5062. This moving average is also pointing to the downside, so bears are still getting favored by the main bias. The MACD indicator is reaching the neutral territory and that is why we should be aware of future sideways short-term moves.

H1 chart's resistance levels: 1.5142 / 1.5205
H1 chart's support levels: 1.5100 / 1.5062

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is found at 1.5100, take profit is at 1.5062, and stop loss is at 1.5138.

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**InstaForex Gertrude** · 15-12-15, 08:45

Elliott wave analysis of EUR/JPY for December 15, 2015

Wave summary:
An anticipated correction in wave b seems to end just before the 50% corrective target at 132.11 (the low of 132.48), a breakout above minor resistance at 133.34 will be the first good indication that wave b is over, while a breakout above resistance at 133.77 will be needed to confirm that wave b is over and wave c is headed higher towards at least 135.34 and even 136.69. Support is found at 132.80 and should protect the downside for a breakout above 133.34. Trading recommendation: We will buy at 132.90 or upon a breakout above 133.77 with stop at 132.40.

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**InstaForex Gertrude** · 09-01-16, 03:01

Technical analysis of NZD/USD for January 08, 2016

NZD/USD is expected to trade in a lower range as the key resistance is at 0.6665. The pair remains under pressure below its key resistance at 0.6665, and it seems likely to post a new decline to test its support at 0.6590, representing the previous swing low. A break below this threshold would trigger a new pullback to 0.6560. The relative strength index lacks upward momentum. To sum up, as long as 0.6665 holds on the upside, look for 0.6580 and 0.6560 in extension.

Trading recommendations:
The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 0.6590. A break of that target will move the pair further downwards to 0.6560. The pivot point stands at 0.6660. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, long positions are recommended with the first target at 0.6710 and the second target at 0.6760.

Resistance levels: 0.6710, 0.6760, 0.6790
Support levels: 0.6580, 0.6560, 0.6525

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**InstaForex Gertrude** · 29-01-16, 07:51

Technical analysis of USD/JPY for Januari 29, 2016

In Asia, Japan will release data on the BOJ Press Conference, Housing Starts y/y, BOJ Core CPI y/y, BOJ Outlook Report, Monetary Policy Statement, Prelim Industrial Production m/m, Unemployment Rate, National Core CPI y/y, Tokyo Core CPI y/y, and Household Spending y/y. The US will deliver economic data on the Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, Goods Trade Balance, Employment Cost Index q/q, Advance GDP Price Index q/q, and Advance GDP q/q. So, there is a strong probability that the USD/JPY pair will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Resistance. 3: 119.20.
Resistance. 2: 118.97.
Resistance. 1: 118.74.
Support. 1: 118.45.
Support. 2: 118.22.
Support. 3: 117.99.

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