InstaForex Wave Analysis - page 150
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GBP/CHF breaks to fresh lows below 1.4100; 1.4350/60 is strong resistance now
Technical outlook and chart setups:
As depicted in the 4H, the currency pair broke down intermediary support at 1.4050/70 yesterday at the backdrop of huge sterling sell-off across the board. As shown here, immediate resistance is the 1.4350/60 levels, followed by 1.4500. Support comes in around the 1.38/1.39 levels. It should be noted that a weekly support at 1.4150 has been broken, and hence a pullback cannot be ruled out. It is always recommended to book partial profits around current levels. Looking lower till 1.4350 remains intact.
Trading recommendations:
Remain short, move risk to breakeven, target 1.4050, 1.39.
More analysis - at instaforex.com
GBP/USD Technical Analysis for February 22, 2013
DESCRIPTION:
As we look at the charts, all three Moving Averages are still in the "Death Cross" formation pattern that indicates the bearish momentum still remains, but pay attention to the 1.5275 level, if this currency today can break above that level, there will be a pullback to upside for this pair.
Recommendation:
SELL Stop (Pending Order) @ 1.5232.
Take Profit. 1 @ 1.5219.
Take Profit. 2 @ 1.5198 (Optional).
Stop Loss @ 1.5254.
Alternative:
BUY Stop (Pending Order) @ 1.5279.
Take Profit. 1 @ 1.5301.
Take Profit. 2 @ 1.5336 (Optional).
Stop Loss @ 1.5244.
More analysis - at instaforex.com
EUR/USD technical analysis for February 27, 2013
DESCRIPTION:
The bearish momentum for this currency is still in a healthy condition. The pair will try to reach the target at 1.3025, as long as 1.3125 is not touched. If the pair touches it, then there will be downside momentum for this currency pair.
Recommendation:
Sell stop (pending order) at 1.3025.
Take profit 1 at 1.2993.
Take profit 2 at 1.2941.
Stop loss at 1.3078.
Alternative:
Buy stop (pending order) at 1.3073.
Take profit 1 at 1.3085.
Take profit 2 at 1.3105.
Stop loss at 1.3053.
More analysis - at instaforex.com
AUD/USD technical analysis for February 28, 2013
Recommendation:
Sell stop (pending order) at 1.0249.
Take profit at 1.0235.
Stop loss at 1.0259.
Alternative:
Buy stop (pending order) at 1.0276.
Take profit at 1.0290.
Stop loss at 1.0266.
More analysis - at instaforex.com
RECOMMENDATION:
SELL stop (pending order) at 1.0199.
Take profit at 1.0185.
Stop loss at 1.0209.
Alternative:
BUY stop (pending order) at 1.0226.
Take profit at 1.0240.
Stop loss at 1.0216.
More analysis - at instaforex.com
EUR/USD technical analysis for March 04, 2013
RECOMMENDATION:
SELL stop (pending order) at 1.2998.
Take profit 1 is at 1.2983.
Take profit 2 is at 1.2960 (optional).
Stop loss is at 1.3021.
Alternative:
BUY stop (pending order) at 1.3049.
Take profit 1 is at 1.3078.
Take profit 2 is at 1.3124 (optional).
Stop loss is at 1.3003.
More analysis - at instaforex.com
AUD/USD technical analysis for March 05, 2013
RECOMMENDATION:
SELL stop (pending order) at 1.0199.
Take profit is at 1.0185.
Stop loss is at 1.0209.
Alternative:
BUY stop (pending order) at 1.0226.
Take profit is at 1.0240.
Stop loss is at 1.0216.
More analysis - at instaforex.com
GBP/USD technical analysis for March 6, 2013
RECOMMENDATION:
Buy stop (pending order) at 1.5151.
Take profit at 1.5165.
Stop loss at 1.5141.
Alternative:
Sell stop (pending order) at 1.5124.
Take profit at 1.5110.
Stop loss at 1.5134.
More analysis - at instaforex.com
GBP/USD intraday technical analysis and trading recommendations for March 7, 2013
The price around 1.5300 marks the upper limit of the consolidation pattern above 1.5075. Hence, formation of a lower high around 1.5220 followed by breakdown below 1.5075 is enhancing the bearish sentiment of the market.
Also, the daily closure which was observed on Friday then yesterday implies continuation of the sell-off afterwards provided that the pair remains below 1.5075 (the lower limit of the range). However, reconsolidation above 1.5075 enabled the pair to make corrective bullish move towards 1.5160 then 1.5200 where another bearish rejection took place on Tuesday.
The bearish breakout, that took place last week, will probably be targeting 1.4880.
The first strong support will then be encountered at 1.5000, then 1.4855 if the current bearish movement remains intact this week.
More analysis - at instaforex.com
USD/CHF DAILY as of Friday, 08 March, 2013
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for US Dollar / Swiss Franc. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
The present wave patterns are:
fast amplitude (8%): bullish wave 2
moderate amplitude (13%): bullish wave 1
normal amplitude (21%): bullish wave 1
US Dollar / Swiss Franc is long term Bullish as the 144 days moving average of 0.93 is increasing. The Relative Strength Index is at 62.52 in the neutral territory. The Relative Momentum Index is at 74.55 in the overbought territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 68.85. This value is in the neutral territory.