Instaforex Analysis

**InstaForex Gertrude** · 18-07-17, 08:07

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.

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**InstaForex Gertrude** · 20-07-17, 08:32

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

**InstaForex Gertrude** · 27-07-17, 08:30

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

**InstaForex Gertrude** · 28-07-17, 07:37

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.

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**InstaForex Gertrude** · 01-08-17, 08:45

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

**InstaForex Gertrude** · 02-08-17, 08:17

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

**InstaForex Gertrude** · 04-08-17, 08:58

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

**InstaForex Gertrude** · 08-08-17, 07:58

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

**InstaForex Gertrude** · 17-08-17, 08:07

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

**InstaForex Gertrude** · 18-08-17, 08:35

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

**InstaForex Gertrude** · 24-08-17, 07:14

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

**InstaForex Gertrude** · 25-08-17, 09:00

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

**InstaForex Gertrude** · 30-08-17, 08:19

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

**InstaForex Gertrude** · 31-08-17, 07:42

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

**InstaForex Gertrude** · 04-09-17, 07:39

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

**InstaForex Gertrude** · 05-09-17, 08:13

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

**InstaForex Gertrude** · 06-09-17, 07:40

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

**InstaForex Gertrude** · 25-09-17, 07:48

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

**InstaForex Gertrude** · 27-09-17, 08:04

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

**InstaForex Gertrude** · 28-09-17, 08:12

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