InstaForex Wave Analysis - page 183
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Intraday analysis of Gold for August 15, 2014
In Asia, Japan will release the Core Machinery Orders m/m. The US will release some economic data such as Unemployment Claims, Import Prices m/m, Natural Gas Storage, 30-y Bond Auction. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session.
A weekly close above $1,309, the bulls will hold their strength. The metal is facing strong resistance at higher levels. Until the metal closes above $1,324.50, sell on an up move. The daily Stochastics indicates a sell signal. On the bullish front, the metal closed above the major support levels, but it was unable to breach the $1,324.50 levels. On the downside, $1,263 is an open target until gold closes above $1,324.50. For an intraday perspective, the metal has support at $1,310.50, below this, $1,305.80 and $1,304.50. Buy above $1,314
Sell below $1,308
More analysis - at instaforex.com
Technical analysis of Silver for Aug 25, 2014
Technical outlook and chart setups:
1. Silver seems to have formed base at $19.30 levels last week, and should resume rally from current price of $19.43/45. Please note that the metal is just shy of the fibonacci 0.786 support level ($19.26). Recommendation is to remain long, risk remains below $19.00.
2. Support is seen at $19.00, followed by $18.60 and lower while resistance is seen at $20.10 (interim), followed by $21.70, $22.30 and higher respectively.
3. The structure indicates that Silver rally from current levels remains highly probable.
Trading recommendations:
Remain long, stop below $19.00, target is open.
More analysis - at instaforex.com
Technical analysis of USD/JPY for August 28, 2014
In Asia, Japan will not release any economic data news but the US will release its Prelim GDP q/q, Unemployment Claims, Prelim GDP Price Index q/q, Pending Home Sales m/m, and Natural Gas Storage data. So there is a big probability USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session.
Todays technical levels:
Resistance. 3: 104.29. Resistance. 2: 104.09. Resistance. 1: 103.98. Support. 1: 103.63. Support. 2: 103.43. Support. 3: 103.22. More analysis - at instaforex.com
Technical analysis of USD/JPY for August 29, 2014
In Asia, Japan will release its Household Spending y/y, Tokyo Core CPI y/y, National Core CPI y/y, Unemployment Rate, Prelim Industrial Production m/m, Retail Sales y/y, and Housing Starts y/y. Meanwhile, the US will unveil its Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Chicago PMI, Revised UoM Consumer Sentiment, and Revised UoM Inflation Expectations. So there is a big probability the USD/JPY pair will move with low to medium volatility during the day.
Todays technical levels: Resistance. 3: 104.24. Resistance. 2: 104.04. Resistance. 1: 103.83. Support. 1: 103.59. Support. 2: 103.29. Support. 3: 103.18.
More analysis - at instaforex.com
Technical analysis of USD/JPY for September 02, 2014
I
n Asia, Japan will release its Monetary Base y/y, Average Cash Earnings y/y, 10-y Bond Auctionand the US will release its Final Manufacturing PMI, ISM Manufacturing PMI, Construction Spending m/m, IBD/TIPP Economic Optimism, and ISM Manufacturing Prices. So there is a big probability USD/JPY will move with low to medium volatility today. Todays technical levels: Resistance. 3: 105.09. Resistance. 2: 104.89. Resistance. 1: 104.68. Support. 1: 104.43. Support. 2: 104.22. Support. 3: 104.02.
More analysis - at instaforex.com
Technical analysis of GBP/CHF for Sep 03, 2014
Technical outlook and chart setups:
1. The GBP/CHF pair has reacted with an engulfing bearish candlestick signal around 1.5250/60 levels as seen here. The pair has reacted from fibonacci 0.618 resistance level and should continue drifting lower. It is recommended to remain short, risk remains above 1.5450.
2. Support is seen at 1.4960, followed by 1.4760/70 and lower while resistance is seen at 1.5350, and 1.5450 respectively. 3. The structure indicates that GBP/CHF is in control of bears for now.
Trading recommendations: Remain short, stop above 1.5450, target is open.
More analysis - at instaforex.com
Technical analysis of USD/JPY for September 04, 2014
In Asia, Japan will release the Monetary Policy Statement and BOJ press conference. Besides, the US will release some economic data such as ADP non-farm employment change, trade balance, unemployment claims, revised non-farm productivity q/q, revised unit labor costs q/q, final services PMI, ISM non-manufacturing PMI, natural gas storage, and crude oil Inventories. So, there is a big probability the USD/JPY will move with low to medium volatility during the day. TODAY TECHNICAL LEVELS: Resistance. 3: 105.48. Resistance. 2: 105.23. Resistance. 1: 105.02. Support. 1: 104.77. Support. 2: 104.57. Support. 3: 104.36. More analysis - at instaforex.com
Technical analysis of GBP/CHF for September 08, 2014
Technical outlook and chart setups:
1. The GBP/CHF pair is seen to be bouncing lower from the line of resistance here. As expected, the pair has reversed from 1.5250/75 levels last week and has also re-tested the same. Currently trading at 1.5100/10 levels, the pair is expected to continue drifting lower to the 1.4900 and subsequently to 1.4800 levels. On the flip side, only a push above 1.5350 levels would be of concern to bears.
2. Support is seen at 1.4960, followed by 1.4760 levels and lower while resistance is seen at 1.5350/60, followed by 1.5430/50 respectively.
3. The structure indicates that GBP/CHF could remain in control of bears till 1.49/1.48 levels at least.
Trading recommendations:
Remain short for now, stop at 1.5350, target is 1.4800 levels.
More analysis - at instaforex.com
Technical analysis of EUR/JPY for September 09, 2014
Technical outlook and chart setups: The EUR/JPY bulls responded well at the back side of resistance turned support line yesterday, as expected. The pair has now produced a bullish reversal candlestick pattern as seen on the daily chart view here and prices and prices pushed ahead up to 137.00 mark before closing at 136.80 yesterday. It looks like the bulls are back in control and should continue dragging prices higher up towards 139.80 and subsequently also through 141.30/40 levels. Support is now seen at 136.00/135.80 levels, while resistance is fixed at 138.20 (interim), followed by 139.20, and 140.10 respectively. The structure for now, reveals that bulls remain in control, bottom line remains that 135.80 should hold well. Trading recommendations: Remain long for now, stop just below 135.80, target 139.80 at least. More analysis - at instaforex.com
Technical analysis of USD/JPY for September 11, 2014
In Asia, Japan will release the BSI Manufacturing Index. Besides, the US will also release some economic data such as Natural Gas Storage and 30-y Bond Auction. So, there is a big probability the USD/JPY pair will move with low to medium volatility during the day.
TODAY TECHNICAL LEVELS: Resistance. 3: 107.25. Resistance. 2: 107.04. Resistance. 1: 106.83. Support. 1: 106.58. Support. 2: 106.37. Support. 3: 106.16.
More analysis - at instaforex.com