InstaForex Wave Analysis - page 143

 

hard to play USDJPY with a needle like that red

 

USD/JPY Intraday Technical Levels for November 5, 2012

TODAY's TECHNICAL LEVELS:

Resistance 3: 80.90.

Resistance 2: 80.74.

Resistance 1: 80.58.

Support 1: 80.39.

Support 2: 80.23.

Support 3: 80.07.

DESCRIPTION:

Please, pay attention to the levels of support 3 (80.07) and resistance 3 (80.90). In general, 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

 

EUR/USD Intraday Technical Levels for November 6, 2012

TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.2854.

Strong Resistance: 1.2846.

Original Resistance: 1.2834.

Inner Sell Area: 1.2022.

Target Inner Area: 1.2791.

Inner Buy Area: 1.2760.

Original Support: 1.2748.

Strong Support: 1.2735.

Breakout SELL Level: 1.2726.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.2748 and 1.2834. The rate is accompanied by strong support at 1.2735 and by 1.2846 as strong resistance.

If EUR/USD breaks out and closes below 1.2726 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.2854 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2760 and at 1.2022, a SELL position. In this case both targets should be located at the level of 1.2791.

More analysis - at instaforex.com

 

USD/JPY Intraday Technical Levels for November 7, 2012

TODAY's TECHNICAL LEVELS:

Resistance 3: 80.45.

Resistance 2: 80.29.

Resistance 1: 80.13.

Support 1: 79.94.

Support 2: 79.78.

Support 3: 79.62.

DESCRIPTION:

Please pay attention to the levels of support 3 (79.62) and resistance 3 (80.45). In general, 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

 

EUR/USD Intraday Technical Levels for November 8, 2012

TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.2811.

Strong Resistance: 1.2809.

Original Resistance: 1.2797.

Inner Sell Area: 1.2784.

Target Inner Area: 1.2754.

Inner Buy Area: 1.2721.

Original Support: 1.2711.

Strong Support: 1.2698.

Breakout SELL Level: 1.2689. DESCRIPTION:

Today EUR/USD has support and resistance at 1.2711 and 1.2797. The rate is accompanied by strong support at 1.2698 and by 1.2809 as strong resistance. If EUR/USD breaks out and closes below 1.2689 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.2811 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2721 and at 1.2784, a SELL position. In this case both targets should be located at the level of 1.2754.

More analysis - at instaforex.com

 

EUR/JPY Intraday Technical Analysis

The spot rate is currently testing the intermediate resistance of its medium-term bearish channel at 101.80. It seems that a decline was initiated. However, a break of these levels will free a large potential and reach the upper limit of its channel at 102.60. Technical indicators do not provide clear signals, but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement. The spot rate is currently testing the intermediate resistance of its channel, we suggest 2 scenarios. The first one is the hypothesis of a decline where we recommend a sell on the level of 101.80 with the 1st objective at 101.20 and then at 101.00. A breakthrough of 102.00 will invalidate this scenario. The second scenario is a break of its resistance where we advise a “buy stop” which means to buy the spot rate as soon as it is broken through its resistance of 101.80 with the 1st objective at 102.40 and then at 102.60. A breakthrough of 101.60 will invalidate this scenario. More analysis - at instaforex.com

 

Silver Rally On Track Now. Looking Higher

Technical Outlook and Chart Setups:

Silver rallied on Friday clearing the much needed 32.50 level. It is recommended to book partial profits on long positions at the moment. This could possibly be the beginning of a long-term reversal. Support shall be strong around 31.40/60 region, while the next resistance is lined up around 33.30/40 region. Technically, a pullback should materialize soon towards the 31.50/32.00 region before the next rally begins, towards fresh highs. Look higher after a dip.

Trading Recommendations:

Hold on to long positions taken earlier. Book partial profits at each target or resistance. Buy on a dip towards 31.50-32.00 region. Stop at 30.50. Stop loss shall be revised later.

More analysis - atinstaforex.com

 

EUR/USD Intraday Technical Levels for November 14, 2012

TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.2770.

Strong Resistance: 1.2763.

Original Resistance: 1.2751.

Inner Sell Area: 1.2739.

Target Inner Area: 1.2709.

Inner Buy Area: 1.2679.

Original Support: 1.2667.

Strong Support: 1.2655.

Breakout SELL Level: 1.2647.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.2667 and 1.2751. The rate is accompanied by strong support at 1.2655 and by 1.2763 as strong resistance. If EUR/USD breaks out and closes below 1.2647 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.2770 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2679 and at 1.2739, a SELL position. In this case both targets should be located at the level of 1.2709. More analysis - at instaforex.com

 

USD/JPY Intraday Technical Levels for November 15, 2012

TODAY's TECHNICAL LEVELS:

Resistance 3: 80.61.

Resistance 2: 80.45.

Resistance 1: 80.29.

Support 1: 80.10.

Support 2: 79.94.

Support 3: 79.78.

DESCRIPTION:

Please, pay attention to the levels of support 3 (79.78) and resistance 3 (80.61). In general, 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 - atinstaforex.com

 

EUR/USD Intraday Technical Levels for November 16, 2012

TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.2833.

Strong Resistance: 1.2826.

Original Resistance: 1.2814.

Inner Sell Area: 1.2802.

Target Inner Area: 1.2772.

Inner Buy Area: 1.2742.

Original Support: 1.2730.

Strong Support: 1.2718.

Breakout SELL Level: 1.2710.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.2730 and 1.2814. The rate is accompanied by strong support at 1.2718 and by 1.2826 as strong resistance.

If EUR/USD breaks out and closes below 1.2710 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.2833 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2742 and at 1.2802, a SELL position. In this case both targets should be located at the level of 1.2772.

More analysis - at http://instaforex.com/