InstaForex Wave Analysis - page 178
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Technical analysis of CL for June 03, 2014
The crude oil took support at the 50-day SMA in yesterday's trading session. On the down side, if the price breaks the 50-day DMA at 101.85, it will go up to 100.98, 100 and 99.70 levels. If it closes below the lower trend line, it will fall to 98.70 and 97.50 levels. Today the price looks weak below 102.35, it will go for 101.85 for the strong support. On the up side, 102.76 is the inital resistance.
More analysis - at instaforex.com
Technical analysis of USD/CHF for June 4, 2014
Overview:
Depending on the previous events, the last double top has set at the level of 0.8994 and support is placed at 0.9821. Additionally, the USD/CHF pair has still been trapped between 0.8943 and 0.8990. Also, the key level is set at 0.8921 because it is representing strong support and is coinciding with the last weekly pivot point of the USD/CHF pair. Equally important, the double top will be formed at the 0.8994 level, but it seems the price is going to break this level in order to continue towards the level of 0.9030. The level of 0.9030 will be resistance today. Hence, the market's range will be around 50 pips. As it is know, history will probably repeat itself at this level again. Therefore, it will be a good sign to buy above 0.9821 with the first target of 0.8990. Furthermore, It will call for uptrend in order to continue its bullish movement towards 0.9030. However, the stop loss should never exceed your maximum exposure amounts, thus the stop loss should be placed below 0.8921, at the price of 0.8903.More analysis - at instaforex.com
Technical analysis of GBP/JPY for June 05, 2014
GBP/JPY
The pair has been in an uptrend from 169.53 levels. In yesterday's session, it was moved to 61.8 fib levels. Today in Asia's session, it halted at 171.97 and moved to lower levels. As of now, the pair has taken the support from 50day SMA and 50.0 fib levels. The trading activity is fixed between 50.0-61.8 fib levels. The pair looks safe to buy above 171.35 for 172.35 and 172.75 levels. It also looks weak below 171.34 for 171.25, 170.50 levels.
For intraday , the pair favors selling at 171.45, 171.25 and 171 levels. The hourly momentum oscillators favors to sell side.
More analysis - at instaforex.com
Daily analysis of Silver for June 06, 2014
Overview
As it was expected, the metal took an upward move in case of closing above the resistance level of 19.00. Friday, as it is shown in the H4 chart, the metal took a slightly upward move after breaking the Resistance area at 19.00 and it managed to close 4H above it and, currently, it is approaching the Resistance level of 19.20. More bullish signals are expected as long as silver is trading above this Resistance area with the first target few pips below the Resistance level of 19.50. But if silver closes 4H below 19.20, we should wait for testing the Support area again before making decision and also cancels the bullish move scenario.
Resistance and support levels:
R3 (19.50), R2 (19.20), R1 (19.00), S1 (18.60), S2 (18.30), S3 (18.00).More analysis - at instaforex.com
Technical analysis of EUR/JPY for June 9, 2014
General overview for 09/06/2014 07:40 CET
The wave structure develops in the anticipated shape so far and currently the market is in corrective cycle wave B black. One more wave to the downside is needed to complete the structure of a simple correction in wave B black, or the corrective cycle will transforms into a triangle formation for example. Please remember, that when this corrective structure is completed, then black wave C will develop to the upside to finish the overall cycle.
Support/Resistance:
140.46 - WR1
140.04 - Intraday Resistance
139.56 - Weekly Pivot
139.37 - Intraday Support
139.15 - WS1
138.67 - Wave (a) Low
138.24 - WS2
Trading recommendations:
Daytraders should consider opening short positions from current price levels with SL above the level of 140.08 and TP at the level of 139.56 and 139.37.More analysis - at instaforex.com
Technical analysis of EUR/JPY for June 9, 2014
General overview for 09/06/2014 07:40 CET
The wave structure develops in the anticipated shape so far and currently the market is in corrective cycle wave B black. One more wave to the downside is needed to complete the structure of a simple correction in wave B black, or the corrective cycle will transforms into a triangle formation for example. Please remember, that when this corrective structure is completed, then black wave C will develop to the upside to finish the overall cycle.
Support/Resistance:
140.46 - WR1
140.04 - Intraday Resistance
139.56 - Weekly Pivot
139.37 - Intraday Support
139.15 - WS1
138.67 - Wave (a) Low
138.24 - WS2
Trading recommendations:
Daytraders should consider opening short positions from current price levels with SL above the level of 140.08 and TP at the level of 139.56 and 139.37.More analysis - at instaforex.com
Daily analysis of Silver for June 10, 2014
Overview
In today's H4 chart, silver is still stabilizing above the Support level of 19.00 after it could not break it yesterday and currently it is bouncing from it towards the Resistance level of 19.20. So we still suggest waiting for closing above the next Resistance level in case of bouncing from the Support level, to provide a new opportunity for more buy signals with the first target few pips below the Resistance level of 19.50, then after breaking this Resistance level, silver would open the way towards the Resistance level of 19.75, which means more bullish signals, but as long as the metal trades below the Resistance level of 19.20, this cancels the bullish scenario.
Resistance and support levels:
R3 (19.75), R2 (19.50), R1 (19.20), S1 (19.00), S2 (18.60), S3 (18.30).More analysis - at instaforex.com
Technical analysis of EUR/USD for June 11, 2014
The pair has been in a downtrend from 1.3995 levels, moving to downside to form a near-term bottom. Today the pair opened higher on a highly bearish note, the same as the cable. Currently it is trading at 1.3524 levels. The pair can take the support between 1.35-1.3477, if it holds these levels it can pull back up to 1.3620. The pair is trading in a highly bearish format, so it is better to trade below the short and medium term moving averages. Until the pair trades and closes above the 1.3677 levels, we can see 1.32 levels in a few weeks time. The next fall would take place below 1.3460.
On the upside, if the pair breaks the 1.3548 it can fly up to the 1.3585 , 1.36 and 1.3620 levels. Bulls will be back only in case the pair closes above 1.3677. Until that, sell on the rally for 1.32 levels. Safe traders can start selling below 1.3460 levels.
More analysis - at instaforex.com
Technical analysis of EUR/JPY for June 12, 2014
Technical outlook and chart setups:
1. The EUR/JPY pair has taken out 138.00 lows and also the immediate trend line support as seen here. It is quite possible that a major correction is under way towards 131.00 levels as shown here. Recommendations are to initiate selling on rallies from here on. 139.00 levels could be immediate resistance.
2. Support is 136.50, followed by 134.00, 132.00 and lower, while resistance is at 140.00, followed by 141.00, 142.50/143.50 and higher respectively.
3. The structure indicates that EUR/JPY could be heading lower towards 131.00 levels in a corrective manner.
Trading recommendations:
Remain flat for now. Look to sell around 139.00.More analysis - at instaforex.com
Technical analysis of gold for June 13, 2014
Traders are waiting for the PPI and core PPI data. We expect both indexes to be upbeat. The USD index is trading at 80.57 levels. The price is taking support at 80.50, below this, 80.44 is the strong support levels. Once breaking below this, the index can drop to 80.25 and 80 levels. On the other hand, it has strong resistance at 80.61 levels. Crossing above that, the index can fly up to 80.67, 80.74, 80.85, 80.90 and 81 levels. On an intraday basis, sell below 80.27 and buy above 80.61. is recommendedMore analysis - at instaforex.com