InstaForex Wave Analysis - page 163
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Silver near support levels Of 21.00/50. Looking to initiate longs
Technical outlook and chart setups:
The metal is very constructive for bulls. At the moment, it is at the fibonacci 0.5 retracement of the recent rally from 19.00 to 25.00. A bullish reversal here could be used as initiating, at least, 50% of long positions. The remaining could be picked up at around the 21.00 levels. Intermediary resistance is at the 24.00 levels, followed by 25.00 and higher; while support is at 19.00/20, followed by the 18.75/25 levels respectively. The metal is in the buy zone of the rising trendline; hence a possible reversal consideration is ruled out for the moment.
Trading recommendations:
Go long 50% positions now, and remaining at 21.00/50, stop is at 19.00.More analysis - at instaforex.com
USD/JPY intraday technical levels for September 16, 2013
TODAY's TECHNICAL LEVELS:
Resistance. 3: 99.34.
Resistance. 2: 99.15.
Resistance. 1: 98.96.
Support. 1: 98.72.
Support. 2: 98.53.
Support. 3: 98.33.
DESCRIPTION :
Please, pay attention to the levels of support 3 (98.33) and resistance 3 (99.34). Normally, 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.
USD/JPY intraday technical levels for September 17, 2013
TODAY's TECHNICAL LEVELS:
Resistance. 3 : 99.69.
Resistance. 2 : 99.50.
Resistance. 1 : 99.30.
Support. 1 : 99.06
Support. 2 : 98.87.
Support. 3 : 98.67.
DESCRIPTION:
Please, pay attention to the levels of support 3 (98.67) and resistance 3 (99.69). Normally, 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.
Silver near 0.618 Fibonacci support.
Technical outlook and chart setups:
The metal has dropped/retraced to the 21.50 levels as expected earlier. This level is also the 0.618 fibonacci support of the recent rally from 19.00 to 25.00, as depicted here. A bullish reversal here would confirm the next leg is up towards at least the 27.00 levels and more. As shown here, the support trendline is passing through the 20.00 area at the moment. Till the time prices remain in the buy zone of the support line, it is recommended to buy on dips. Intermediary resistance is seen at the 25.00 levels, while support is at 19.00, followed by 18.00/25 respectively. Hold on to long positions for now.
Trading recommendations:
Remain long for now, set stop below 19.00
USD/JPY intraday technical levels for September 19, 2013
TODAY's TECHNICAL LEVELS:
Resistance. 3 : 98.69.
Resistance. 2 : 98.50.
Resistance. 1 : 98.31.
Support. 1 : 98.06.
Support. 2 : 97.87.
Support. 3 : 97.67.
DESCRIPTION:
Please, pay attention to the levels of support 3 (97.67) and resistance 3 (98.69). Normally, 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.
USD/JPY intraday technical levels for September 20, 2013
TODAY'S TECHNICAL LEVELS:
Resistance 3: 99.99.
Resistance 2: 99.79.
Resistance 1: 99.60.
Support 1: 99.35.
Support 2: 99.16.
Support 3: 98.96.
DESCRIPTION:
Please pay attention to the levels of support 3 (98.96) and resistance 3 (99.99). Normally, 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/CAD intraday technical level for September 23, 2013
The USD/CAD bias is still going up. If it can breach and close below the 1.0278, then it will try to catch the 1.0258; but if it is still following its up bias, this pair can breach and close above the 1.0323; then it will go up to the 1.0338.
More analysis - at instaforex.com
USD/JPY intraday technical levels for September 24, 2013
TODAY'S TECHNICAL LEVELS:
Resistance 3: 99.20.
Resistance 2: 99.01.
Resistance 1: 98.82.
Support 1: 98.58.
Support 2: 98.39.
Support 3: 98.19.
DESCRIPTION:
Please pay attention to the levels of support 3 (98.19) and resistance 3 (99.20). Normally, 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.
USD/JPY intraday technical levels for September 25, 2013
TODAY'S TECHNICAL LEVELS:
Resistance 3: 99.12.
Resistance 2: 98.93.
Resistance 1: 98.73.
Support 1: 98.49.
Support 2: 98.30.
Support 3: 98.10.
DESCRIPTION:
Please pay attention to the levels of support 3 (98.10) and resistance 3 (99.12). Normally, 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 September 26, 2013
TODAY's TECHNICAL LEVELS:
Resistance. 3 : 98.90.
Resistance. 2 : 98.71.
Resistance. 1 : 98.52.
Support. 1 : 98.28.
Support. 2 : 98.08.
Support. 3 : 97.89.
DESCRIPTION:
Please, pay attention to the levels of support 3 (97.89) and resistance 3 (98.90). Normally, 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