InstaForex Wave Analysis - page 185
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Technical analysis of EUR/USD for October 02, 2014
When the European market opens, some economic news will be released such as Spanish Unemployment Change, PPI m/m, Spanish 10-y Bond Auction, French 10-y Bond Auction, Minimum Bid Rate. The US will release economic data too such as the Unemployment Claims, Factory Orders m/m, Natural Gas Storage, so amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.2684.
Strong Resistance:1.2676.
Original Resistance: 1.2664.
Inner Sell Area: 1.2652.
Target Inner Area: 1.2622.
Inner Buy Area: 1.2592.
Original Support: 1.2580.
Strong Support: 1.2588.
Breakout SELL Level: 1.2560.
Performed by Arief Makmur,
Analytical expert InstaForex Group © 2007-2014
More analysisInstaforex.com
Technical analysis of EUR/JPY for October 3, 2014
General overview for 03/10/2014 08:40 CET
The bounce from the wave B low is currently in three waves but as long as the level of 137.40 is not violated this structure can still develop into full five wave impassive cycle. That would mean, the low for wave B has been established and now market has started another upward cycle in wave C. To accomplish that, the first intraday resistance at the level of 137.93 must be broken and market must impulsively move higher into the grey rectangle zone, marked on chart as demand breakthrough zone.
Support/Resistance:
136.86 - Swing Low
136.96 - 78%Fibo
137.12 - WS2
137.63 - Intraday Support
137.73 - WS1
137.93 - Intraday Resistance
138.78 - Intraday Resistance
138.96 - Weekly Pivot
138.96 - 139.14 - Demand Breakthrough Zone
Trading recommendations:
Day traders should consider opening buy orders from current price levels with SL below the level of 137.39 and TP at the level of 138.78.
Performed by Sebastian Seliga,
Analytical expert InstaForex Group © 2007-2014
More analysisInstaforex.com
Technical analysis of GBP/CHF for October 08, 2014
Technical outlook and chart setups:
The GBP/CHF pair is stalling at 1.5400 levels for now; after pulling back from 1.5470 resistance levels earlier. A push below 1.5375 would be still required to accelerate further downfall towards 1.5200. Immediate support is seen at 1.5300, followed by 1.5200, while resistance is fixed at 1.5550 respectively. It is recommended to remain short for now, risk remains above 1.5550. The pair is poised to correct at least towards 1.5200 before resuming rally again. Please note that fibonacci 0.618 support and past resistance turned support region is also around the same level 1.5200/1.5180.
Trading recommendations:
Remain short for now, stop at 1.5560, target 1.5200.
Performed by Harsh Japee,
Analytical expert InstaForex Group © 2007-2014
More analysisInstaforex.com
Technical analysis of USD/JPY for October 09, 2014
In Asia, Japan will release the Core Machinery Orders m/m, Prelim Machine Tool Orders y/y, and the US will release some economic data such as Unemployment Claims, Wholesale Inventories m/m. Natural Gas Storage, 30-y Bond Auction. So there is a big probability the USD/JPY will move with low to medium volatility during the day. TODAY
TECHNICAL LEVELS:
Resistance. 3: 108.68.
Resistance. 2: 108.45.
Resistance. 1: 108.24.
Support. 1: 107.99.
Support. 2: 107.78.
Support. 3: 107.56.More analysis - at instaforex.com
Daily analysis of USDX for October 10, 2014
The USDX conducted a small rebound at the support level of 85.18, where this instrument is trying to form a lower low pattern to fall to the support level of 84.29. However, the USDX could head back on the bullish road because it could rise to the resistance level of 86.20.
More analysis - at instaforex.com
Technical analysis of GBP/JPY for October 13, 2014
In the previous session, the pair finally broke the 50 and 100Dsma and closed below those levels. In the weekly chart, the pair broke the 20Wsma and closed below this as well. On the down side the pair has support at 172.00 200Dsma, 171.60, the 80% fib level, 171.00 and 170.60 200Dema levels. In the near and short term, the support zone is between 171.00 and 170.60 levels. In case if this week it closes below 171.00, we can expect strong sell-offs again towards 169.50. In case if the pair closes below the base of the ascending triangle, we can expect another free fall in the short and medium term. The pair has resistance at 173.45 20Wsma and 173.75. Until the price closes below 173.75, use every rise to sell.
Support: 172.00, 171.00, 170.60.
Resistance: 173.35, 173.75, 174.24.
More analysis - at instaforex.com
Technical analysis of USD/JPY for October 15, 2014
In Asia, Japan will release the 30-y Bond Auction, Revised Industrial Production m/m, and the US will release some economic data such as PPI m/m, Retail Sales m/m, Core PPI m/m, Empire State Manufacturing Index, Business Inventories m/m, Beige Book, Federal Budget Balance. So there is a big probability the USD/JPY will move with low to medium volatility during this day.
TODAY TECHNICAL LEVELS:
Resistance. 3: 107.70.
Resistance. 2: 107.49.
Resistance. 1: 107.28.
Support. 1: 107.03.
Support. 2: 106.82.
Support. 3: 106.60.More analysis - at instaforex.com
Technical analysis of GBP/CHF for October 14, 2014
Technical outlook and chart setups:
The GBP/CHF extends its drop below 1.5100 levels for now, and just about to break below the line of support as depicted here. A confirm break below the trend line and subsequently 1.4970 levels, would indicate that a top is in place and that rallies could be sold. It is recommended to remain flat for now and wait for a reaction at current levels. Support is seen at 1.4970, followed by 1.4750 and lower while resistance is seen at 1.5450 and 1.5550 respectively. The 1.5400 levels could be resistance for subsequent rallies from here on.
Trading recommendations:
Remain flat for now. Aggressive trade setup could be to initiate long positions for a counter trend rally, stop at 1.4940, target is at 1.5400.
More analysis - at instaforex.com
Technical analysis of USD/JPY for October 17, 2014
In Asia, Japan will not release any economic reports, but the US will release some economic data such as Building Permits, Housing Starts, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations, and the Fed Chair Yellen Speechaks. 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.
TODAY TECHNICAL LEVELS:
Resistance. 3: 106.87.
Resistance. 2: 106.66.
Resistance. 1: 106.45.
Support. 1: 106.19.
Support. 2: 105.98.
Support. 3: 105.77.More analysis - at instaforex.com
Daily analysis of GBP/USD for October 20, 2014
In the H4 chart, the GBP/USD continues to consolidate above the support level of 1.6051, so this pair has formed a fractal near the 1.6110 level, which could exert strong resistance on the GBP/USD. This pair is approaching the 200-day moving average resistance at the level of 1.6226, which would be the nearest bullish target on the road.
H4chart's resistance levels: 1.6100 1.6226
H4 chart's support levels: 1.6051 - 1.6004
The GBP/USD has found strong resistance at the level of 1.6117. This pair is still trying to consolidate above this level. On the H1 chart, the MACD indicator remains in negative territory and GBPUSD has made a rebound at 200 SMA.
More analysis - at instaforex.com