InstaForex Wave Analysis - page 157
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EUR/JPY technical analysis for June 10, 2013
RECOMMENDATION:
Buy stop (pending order) at 129.76.
Take profit at 129.90.
Stop loss at 129.66.
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EUR/JPY technical analysis for June 11, 2013
RECOMMENDATION:
Sell stop (pending order) at 130.74.
Take profit at 130.60.
Stop loss at 130.84.
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EUR/JPY technical analysis for June 12, 2013
RECOMMENDATION:
Sell stop (pending order) at 128.24.
Take profit at 128.10.
Stop loss at 128.34.
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EUR/JPY technical analysis for June 13, 2013
RECOMMENDATION:
Sell stop (pending order) at 128.24.
Take profit at 128.10.
Stop loss at 128.34.
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EUR/JPY technical analysis for June 14, 2013
RECOMMENDATION:
SELL Stop (Pending Order) is at 126.24.
Take Profit is at 126.10.
Stop Loss is at 126.34.
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EUR/JPY technical analysis for June 17, 2013
With all the three Moving Average making a death cross pattern formation, the market is still in downtrend pressure. It seems the seller will get more advantage than the buyers as long as 126.25 is not breached, the downside pressure still continues.
RECOMMENDATION:
SELL Stop (Pending Order) at 125.99.
Take Profit at 125.85.
Stop Loss at 126.09.
More analysis - at instaforex.com
NZD/USD technical analysis for June 18, 2013
Overview:
NZD/USD movement will be continued straight from 0.7850 (in the H1 chart 23.6% of Fibonacci retracement levels). Therefore the kiwi is showing signs of strength, following the break of the highest level of 0.7860. So it will be a good sign to buy above the level of 23.6% of Fibonacci retracement levels in the H1 chart with the first target of 0.7960 and further to 0.8050 (it will act as a strong resistance for that it is going to be a good place to take profit, it also should be noted that this level of taking profit will coincide with 78% of Fibonacci. However, in case a reversal takes place and NZD/USD breaks through the support level of 0.7850/0.7860, the market will lead to further decline to 0.7710, indicating bearish mood. According to previous events, the price will be trapped between 0.8000 and 0.7920. Buy above 0.7860 with the first target of 0.7950, it might resume to 0.80 and then, to 0.8047. Below 0.8050 look for further downside with 0.7923 and 0.7860 targets. Also it should be noted that if there happens a break through 0.7850, the market will indicate bearish momentum towards 0.7710.
EUR/JPY technical analysis for June 19, 2013
Today this currency pair is in the uptrend. This is indicated by the moving average already making a Golden Cross pattern, but please remain careful because this night the US FOMC Statement is expected, please be prepared for the reversal movement during the news release.
RECOMMENDATION:
Buy stop (pending order) at 128.11. Take profit at 128.25. Stop loss at 128.01.
More analysis - at instaforex.com
EUR/JPY technical analysis for June 20, 2013
For today, EUR/JPY seems to have a little sign of weakness even though the situation is still in the uptrend, which is indicated by all the three Moving Averages still forming the Golden Cross pattern, but unfortunately this currency pair has already retraced and touched the Exponential Moving Average (100). We know this will be the sign of the weakness from the uptrend in this currency, so pay attention to any reversal movements to test their previous support.
RECOMMENDATION:
Buy stop (pending order) at 128.51. Take profit at 128.65. Stop loss at 128.41.
More analysis - at instaforex.com
USD/CHF technical analysis for June 21, 2013
Overview:
USD/CHF: The price has still been trapped between 0.9275 - 0.9300 as well as it has been set below strong resistance at the level of 0.9420 (this level is formed at the weekly pivot point for June 17 - 21, 2013). Additionally, it should be noted that these levels are coinciding between 23.6% and 00% of Fibonacci retracement levels in the H1 chart and the pair has already formed a strong resistance at this level of 0.9403 and it is now about to test it. Therefore, the Swiss franc will have a downside momentum which is rather convincing and the structure of the fall looks non-corrective. Moreover, the decline from 0.9403 should be resumed to 0.9185 (strong support will be set at 0.9185). In order to indicate a bearish opportunity below 0.9403, it will be a good sign to sell below 0.9400 with the first target at 0.9290 and it will call for the downtrend in order to continue a bearish movement towards 0.9228 (00% of Fibonacci retracement levels in the H1 chart). Furthermore, it also should be mentioned that the price at 0.9222 will possible form a double bottom and call for a strong support. Hence, saturation around 0.9185 will rebound the pair; meanwhile, it will probably show that the market is going to start showing the signs of a bullish trend. In other words, it will be a good sign to buy above 0.9185 with the first target of 0.9300 and continue towards 0.9380.
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