InstaForex Wave Analysis - page 175
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Technical analysis of USD/JPY for April 14, 2014
In Asia, Japan will not release any economic data and the US will release some economic data such as Core Retail Sales m/m, Retail Sales m/m, Business Inventories m/m. 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's TECHNICAL LEVELS:
Resistance. 3: 102.02.
Resistance. 2: 101.82.
Resistance. 1: 101.62.
Support. 1: 101.38.
Support. 2: 101.19.
Support. 3: 100.98.
DESCRIPTION:
Please, pay attention to the levels of support 3 (100.98) and resistance 3 (102.02). 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
Technical analysis of USD for April 15, 2014
USD
The US Dollar Index fell during the course of last week, but remained above the 79 level. The 79 level is of course is supportive, and we believe it is a major inflection point. We feel that this market will go to the 84 level, given enough time in order to see the bulls continuing to take control of a market that they've had a strong presence in. On top of that, you can also make an argument for consolidation between this area and the 81.25 level, as we have seen it in the last six months proved to be relatively tight. With that, we most certainly have an upward bias at this point, but recognize that a breakdown below the 79 level would in fact be very significant. On that move, we would expect this market to drop all the way down to the 77.83 and 75 levels, but it would take some time. The level of 78.60 would of course offer support as well, but it is much more of a minor area than the 79 is, as we continue to see the market bounce from its handle. If we break above the 81.25 level, we can see a new high this year.
More analysis - at instaforex.com
Technical analysis of USD/JPY for April 17, 2014
In Asia, Japan is going to report on the Consumer Confidence, and the BOJ Gov Kuroda Speech. The US will release some economic data such as Unemployment Claims, Philly Fed Manufacturing Index, Natural Gas Storage. So there is a big probability the USD/JPY will move with low volatility during this day.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 102.58.
Resistance. 2: 102.38.
Resistance. 1: 102.18.
Support. 1: 101.94.
Support. 2: 101.73.
Support. 3: 101.53.
More analysis - at instaforex.com
Technical analysis of USD/JPY for April 21, 2014
In Asia, Japan will release the Trade Balance and the US will release some economic data such as CB Leading Index m/m. So there is a big probability the USD/JPY will move with low volatility during this day. TODAY's TECHNICAL LEVELS: Resistance. 3: 103.16. Resistance. 2: 102.96. Resistance. 1: 102.76. Support. 1: 102.51. Support. 2: 102.31. Support. 3: 102.11. DESCRIPTION: Please, pay attention to the levels of support 3 (102.11) and resistance 3 (103.16). 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
Technical analysis of USD/JPY for April 22, 2014
In Asia, Japan will not release any economic data, and the US will release some economic data such as HPI m/m, Existing Home Sales, Richmond Manufacturing Index. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with high volatility during the US session.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 103.17.
Resistance. 2: 102.97.
Resistance. 1: 102.77.
Support. 1: 102.52.
Support. 2: 102.32.
Support. 3: 102.12.
DESCRIPTION:
Please, pay attention to the levels of support 3 (102.12) and resistance 3 (103.17). Normally, when a level is touched, USD/JPY rebounds from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it is a sign that these currencies have found trends today.
More analysis - at instaforex.com
Technical analysis of GBP/CHF for April 23, 2014
Technical outlook and chart setups:
1. The GBP/CHF pair seems to be in its last leg of rally that begun from sub 1.4450 levels. Implications are that the pair may reverse/retrace from current levels (1.4900/1.4880) or from 1.4960. As seen here, the 1.4600/50 levels remain of particular interest to initiate long positions again.
2. Support starts from 1.4630/40 (intermediary), followed by 1.4450/1.4350, 1.4200 and lower while resistance is at 1.4950/60, followed by 1.5120 respectively.
3. The structure indicates that GBP/CHF would remain a buy on dips till prices stay above 1.4450/1.4500 levels.
Trading recommendations:
Look to buy lower around 1.4600 on a pullback and bullish bounce.More analysis - at instaforex.com
Technical analysis of USD/JPY for April 24, 2014
In Asia, Japan will release the CSPI y/y and the US will release some economic data such as Core Durable Goods Orders m/m, Unemployment Claims, Natural Gas Storage, Durable Goods Orders m/m. 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's TECHNICAL LEVELS:
Resistance. 3: 102.99.
Resistance. 2: 102.79.
Resistance. 1: 102.59.
Support. 1: 102.34.
Support. 2: 102.13.
Support. 3: 101.93.
DESCRIPTION:
Please, pay attention to the levels of support 3 (101.93) and resistance 3 (102.99). 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
Technical analysis of GBP/CHF for April 28, 2014
Technical outlook and chart setups:
1. The GBP/CHF pair is trading close to the 1.4800 levels for now.The minimum level of interest to initiate fresh long positions is around 1.4730/50, which is the 0.382 fibonacci retracement of the entire rally from 1.4450 to 1.4900. Recommendations are to remain flat for now and watch for lower levels.
2. Support is at 1.4630, followed by 1.4525, 1.4450, 1.4350 and lower while resistance is at 1.4950 and 1.5120 respectively.
3. The structure indicates that GBP/CHF retracement/pullback could continue till 1.4750 levels. Bulls may regain control from there on to push higher towards 1.4950 levels. On the flip side, a break of 1.4630 would indicate further bearishness.
Trading recommendations:
Remain flat for now.
More analysis - at instaforex.com
Technical analysis of Silver for April 29, 2014
Technical outlook and chart setups:
1. Silver is trading around $19.50/60 levels for now having formed lows at $18.90 last week. It needs to break $20.40 levels though before it can be confirmed that the metal has turned bullish. Recommendations are to remain flat for now.
2. Support is at $18.90, followed by $18.75, and $18.00 while resistance is at $20.40, $21.70, $22.30, and higher respectively.
3. The structure indicates that Silver remains cautiously bullish for now. A break of $20.40 would confirm the reversal.
Trading recommendations:
Remain flat for now.
More analysis - at instaforex.com
Technical analysis of Gold for April 30, 2014
Technical outlook and chart setups:
1. Gold is seen to be pulling back from the intermediary resistance line passing around $1,300.00 levels for now. A drop below $1,270.00 would drag prices towards $1,230.00/40.00. Meanwhile, a break higher should take it higher towards $1,330.00. At the moment, recommendations are to remain flat.
2. Support is seen at $1,270.00, followed by $1,230.00/40.00, $1,210.00 and lower, while resistance is seen at $1,330.00, followed by $1,388.00 and higher respectively.
3. The structure indicates that Gold needs to push through $1,330.00 levels to confirm that bulls are to remain in control.
Trading recommendations:
Remain flat for now. Or long 50%, with stop at $1,230.00/40.00 (aggressive setup).More analysis - at instaforex.com