InstaForex Wave Analysis - page 153
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AUD/USD weekly technical analysis for April 08-12, 2013
This week, the AUD/USD will try to test the support at 1.0354. If this level is breached by this currency, then it will be going to test the 1.0316, although there is still a small probability that this currency will try testing a strong resistance at 1.0384-1.0388.
More analysis - at instaforex.com
EUR/JPY technical analysis for April 10, 2013
RECOMMENDATION:
Buy stop (pending order) at 130.01.
Take profit at 130.15.
Stop loss at 129.91.
Alternative:
Sell stop (pending order) at 129.24.
Take profit at 129.10.
Stop loss at 129.34.
More analysis - at instaforex.com
AUD/USD technical analysis for April 11, 2013
RECOMMENDATION:
Buy stop (pending order) at 1.0551.
Take profit at 1.0565.
Stop loss at 1.0541.
Alternative:
Sell stop (pending order) at 1.0499.
Take profit at 1.0485.
Stop loss at 1.0509.
More analysis - at instaforex.com
EUR/USD weekly technical analysis for April 15-19, 2013
The EUR/USD is now trying to enter the median level between 1.3072 and 1.3033; if there is nothing significant fundamental news can affect, this currency will be playing within this zone. But if something happens due to fundamental news, causing the strong bearish sentiment for this currency and making the pair breach bellow the strong support at 1.3008-1.3004, then the EUR/USD will be going down to 1.2968 as the first target and 1.2922 as the second target.The opposite scenario: if the strong resistance between 1.3097 and 1.3101 is breached, then 1.3137 will be the first target and 1.3138, the second target from this currency pair.
More analysis - at instaforex.com
GBP/USD technical analysis for April 16, 2013
RECOMMENDATION:
Sell stop (pending order) at 1.5249.
Take profit at 1.5235.
Stop loss at 1.5259.
Alternative:
Buy stop (pending order) at 1.5301.
Take profit at 1.5315.
Stop loss at 1.5291.
More analysis - at instaforex.com
Strategy of the day on GOLD
Gold approaches the lower limit of its medium-term bearish channel at 1,325 suggesting a rebound. However, a break of this level will free a large potential and initiate a more violent bearish channel.
Technical indicators provide sell signals, but the price evolves in oversell zone and until the support is not broken the assumption of a rebound is most likely. Bollinger bands are much discarded as a result of a strong decline these days. Stabilization is expected in the short term.
Gold is currently testing the lower limit of its channel, we suggest 2 scenarios. The first one is the hypothesis of a rebound where we recommend a buy on the level of 1,325 with the 1st objective at 1,335 and then at 1,338. A breakthrough of 1,322 will invalidate this scenario. The second scenario is a break of its support where we advise a “sell stop” which means to sell gold as soon as it is broken through its support of 1,325 with the 1st objective at 1,315 and then at 1,312. A breakthrough of 1,328 will invalidate this scenario.
More analysis - at instaforex.com
AUD/USD technical analysis for April 18, 2013
RECOMMENDATION:
SELL Stop (Pending Order) @ 1.0274.
Take Profit @ 1.0260.
Stop Loss @ 1.0284.
Alternative :
BUY Stop (Pending Order) @ 1.0326.
Take Profit @ 1.0340.
Stop Loss @ 1.0316.
More analysis - at instaforex.com
Strategy of the day on EUR/JPY
The spot rate approaches the upper limit of its medium term bearish channel at 129.30 suggesting a decline. However, a break of these levels will initiate a violent bullish channel.
Technical indicators provide sell signals, but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have stabilized showing a more regular volatility.
The spot rate is currently testing the upper limit of its channel, so we suggest 2 scenarios: The first one is the hypothesis of a decline - then we recommend a sell on the level of 129.30 with the 1st objective at 128.70 and then at 128.50. A break through 129.50 will invalidate this scenario. The second scenario is a break of its resistance - then we recommend a “buy stop” that means to buy the spot rate as soon as it has broken through its resistance of 129.30 with the 1st objective at 129.90 and then at 130.10. A break through 129.10 will invalidate this scenario.
More analysis - at instaforex.com
Strategy of the day on EUR/JPY
The spot rate approaches the intermediate support of its medium term bullish channel at 130.20 suggesting a rebound. However, a break of these levels will free a large potential and reach the lower limit of its channel at 129.60.
Technical indicators provide sell signals but until the support is not broken the assumption of a rebound 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 approaches the intermediate support of its channel - then we suggest 2 scenarios: The first one is the hypothesis of a rebound - then we recommend a buy on the level of 130.20 with the 1st objective at 130.80 and then at 131.00. A break through 130.00 will invalidate this scenario. The second scenario is a break of its support - then we recommend a “sell stop” that means to sell the spot rate as soon as it has broken through its support of 130.20 with the 1st objective at 129.60 and then at 129.40. A break through 130.40 will invalidate this scenario.
More analysis - at instaforex.com
AUD/USD technical analysis for April 23, 2013
RECOMMENDATION:
SELL Stop (Pending Order) @ 1.0224.
Take Profit @ 1.0210.
Stop Loss @ 1.0234.
Alternatives:
BUY Stop (Pending Order) @ 1.0251.
Take Profit @ 1.0265.
Stop Loss @ 1.0241.
More analysis - at instaforex.com