InstaForex Wave Analysis - page 142
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EUR/USD Intraday Technical Levels for October 17, 2012
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.3167.
Strong Resistance: 1.3158.
Original Resistance: 1.3148.
Inner Sell Area: 1.3135.
Target Inner Area: 1.3103.
Inner Buy Area: 1.3072.
Original Support: 1.3060.
Strong Support: 1.3047.
Breakout SELL Level: 1.3039.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.3060 and 1.3148. It is accompanied by strong support at 1.3047 and by 1.3158 as strong resistance. If EUR/USD breaks out and closes below 1.3039 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3167 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3072 and at 1.3135 a SELL position. In this case both targets should be located at the level of 1.3103.
More analysis - at instaforex.com
TODAY's TECHNICAL LEVELS:
Resistance 3: 79.53.
Resistance 2: 79.38.
Resistance 1: 79.22
Support 1: 79.02.
Support 2: 78.87.
Support 3: 78.71. DESCRIPTION:
Please, pay attention to the levels of support 3 (78.71) and resistance 3 (79.53). In general, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.
More analysis - at instaforex.com
EUR/NZD - Elliott Wave Analysis for October 19, 2012
Today's Support and Resistance Levels:
S1: 1.5923 R1: 1.5981
S2: 1.5891 R2: 1.6061
S3: 1.5831 R3: 1.6127
Technical Overview:
The blue wave ii correction should be over soon and we should be looking for a break above 1.5987; it is the confirmation of it. Once resistance at 1.5987 is broken we should see the next rally higher towards 1.6127 and 1.6215. It is likely to be the most powerful part of it. However, in the long term we should look for much higher levels as we should expect this wave 3 higher from 1.5453 to extend, and therefore take us up to 1.6967. Of cause this rally will not be in a straight line. There seems to be some doubts as to we will observe reversals along the way, but we consider the roadmap is pretty much in place.
If we see a break below 1.5923 it does not alter the overall picture. Only a break below 1.5788 will do that. A break below 1.5788 will call for a more complex correction development.
Trading Recommendation:
You should be long EUR from 1.5725 with a stop at 1.5860. If you are not long EUR already you should buy at 1.5925 with the same stop.
EUR/USD Intraday Technical Levels for October 22, 2012
Today's Support and Resistance Levels:
Breakout BUY Level: 1.3085.
Strong Resistance: 1.3077.
Original Resistance: 1.3065.
Inner Sell Area: 1.3052.
Target Inner Area: 1.3022.
Inner Buy Area: 1.2991.
Original Support: 1.2979.
Strong Support: 1.2967.
Breakout SELL Level: 1.2959.
Description
Today EUR/USD has support and resistance at 1.2979 and 1.3065. The rate is accompanied by strong support at 1.2967 and by 1.3077 as strong resistance.
If EUR/USD breaks out and closes below 1.2959 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and close above 1.3085 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2991 and at 1.3052 a SELL position. In this case both targets should be located at the level of 1.3022.
USD/JPY Intraday Technical Levels for October 23, 2012
TODAY's TECHNICAL LEVELS:
Resistance 3: 80.29.
Resistance 2: 80.13.
Resistance 1: 79.97.
Support 1: 79.78.
Support 2: 79.62.
Support 3: 79.46.
Description:
Please, pay attention to the levels of support 3 (79.46) and resistance 3 (80.29). In general, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips. But if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.
More analysis - at instaforex.com
EUR/USD: Technical Analysis for October 24, 2012
Overview:
R3: 1.3392
R2: 1.3266
R1: 1.3143
PP: 1.3017
S1: 1.2894
S2: 1.2768
S3: 1.2645 Observation (s):Most of the traders use the Fibonacci retracement to determine accurately the psychological support and resistance levels.
Stop loss should NEVER exceed your maximum exposure amounts.
The market has a high volatile as usual if the last day had a huge volatility.USD/JPY Intraday Technical Levels for October 25, 2012
TODAY's TECHNICAL LEVELS:
Resistance 3: 80.34.
Resistance 2: 80.18.
Resistance 1: 79.96.
Support 1: 79.78.
Support 2: 79.62.
Support 3: 79.46.
DESCRIPTION:
Please, pay attention to the levels of support 3 (79.46) and resistance 3 (80.34). In general, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.
More analysis - at instaforex.com
USD/JPY Intraday Technical Levels for October 29, 2012
TODAY's TECHNICAL LEVELS:
Resistance 3: 80.07.
Resistance 2: 79.92.
Resistance 1: 7976.
Support 1: 79.56.
Support 2: 79.40.
Support 3: 79.24.
DESCRIPTION:
Please, pay attention to the levels of support 3 (79.24) and resistance 3 (80.07). In general, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips. But if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.
GBP/USD Intraday Technical Analysis
The spot rate is currently testing the intermediate support of its medium-term bearish channel at 1.6000 suggesting a rebound. However, a break of these levels will reach the lower limit of its channel at 1.5880.
Technical indicators provide sell signals, but until the support is not broken the assumption of a rebound is most likely. Bollinger bands have stabilized showing a more regular volatility.
The spot rate is currently testing the intermediate support 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 1.6000 with the 1st objective at 1.6060 and then at 1.6080. A breakthrough of 1.5980 will invalidate this scenario. The second scenario is a break of its support where we advise a “sell stop” which means to sell the spot rate as soon as it is broken through its support of 1.6000 with the 1st objective at 1.5940 and then at 1.5920. A breakthrough of 1.6020 will invalidate this scenario.
More analysis - at instaforex.com
USD/JPY Intraday Technical Levels for October 31, 2012
TODAY'S TECHNICAL LEVELS:
Resistance 3: 80.01.
Resistance 2: 80.86.
Resistance 1: 79.70.
Support 1: 79.51.
Support 2: 79.35.
Support 3: 79.19.
DESCRIPTION:
Please, pay attention to the levels of support 3 (79.19) and resistance 3 (80.01). In general, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.
More analysis - at instaforex.com