InstaForex Wave Analysis - page 190
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
USDX Technical analysis for December 22, 2014
The Dollar index as expected after the strong reversal, is now making new highs getting closer to our target of 91 given some time ago by my bullish flag analysis. Bulls remain in control after the sharp upward reversal we saw last week. Bulls should continue to support this upward move as it seems that it has only just started.
More analysis - at instaforex.com
Gold Technical analysis for December 23, 2014
Gold price has broken the neckline and has given a short-term sell signal. The target for the Head and Shoulders pattern I mentioned yesterday is the recent lows at $1,140-30. I'm bearish for Gold. Gold is at a short-term downtrend and in danger of starting a new downward move that could bring the price near $1,050.
More analysis - at instaforex.com
Daily analysis of major pairs for January 5, 2015
EUR/USD: The EUR/USD trended downwards on Friday, closing below the resistance line at 1.2050. The support line at 1.2000 is being tested and with further exertion of selling pressure, it may be breached to the downside. After this, the price may then go for another support line at 1.1950.
More analysis - at instaforex.com
Great analysis bro
Keep post yaa
Daily analysis of major pairs for January 6, 2015
EUR/USD: This currency pair broke below the resistance line at 1.2100 at the beginning of this week. Since then, the price has moved lower, threatening to test the support line 1.1850. Should the price break that line to the downside, the next target to be reached would be the support line at 1.1800.
More analysis - at instaforex.com
Daily analysis of major pairs for January 7, 2015
EUR/USD: The bias here is bullish and the price may go further downwards, reaching the support line at 1.1850. There is a recalcitrant resistance line at 1.2000, which could be a great hurdle to the bulls interests.
More analysis - at instaforex.com
Technical analysis of gold for January 08, 2015
Technical outlook and chart setups:Gold seems to be preparing to correct deeper into $1,200.00 and subsequently $1,185.00 levels for now. It is therefore recommended to book partial or full profits on long positions taken earlier and wait for correction to finish before entering again. Immediate support is seen at $1,200.00 followed by $1,189.00, $1,170.00 and lower, while resistance is seen at $1,238.00/40, $1,250.00 and higher respectively. Bulls are poised to remain in control as long as prices stay above $1,170.00 levels, but a break below the trend line would delay matters further.
Trading recommendations:
Book profits on long positions taken earlier, remain flat for now.
More analysis - at nstaforex.com
Technical analysis of gold for January 09, 2015Technical outlook and chart setups:A daily chart view has been depicted here again for a larger view of wave structures. Gold had bounced off the support from $1,170.00 levels and reached $1,220.00/23.00 levels before pulling back. At the moment, the metal can be seen testing a dropping resistance trendline. A bullish bounce from current levels could possibly push the metal higher into $1,235.00 and higher levels. Another possibility still remains for a drop into $1,190.00 levels before rallying further. It is recommended to remain flat for 1-2 days and watch out for a reaction at the trendline. Immediate support is at $1,200.00 levels followed by $1,190.00 and lower while resistance is seen at $1,235.00 levels, followed by $1,255.00 and higher respectively.
Trading recommendations:
Remain flat for now. Look to buy lower.
More analysis - at instaforex.com
Weekly technical levels for GBP/USD for January 12-16, 2015
Forecast:
According to the previous events, the price of GBP/USD pair has still been trapped between 1.5068 and 1.5255. The level of 1.5306 represents strong resistance. Also, it should be noted that the price of 1.5318 coincides with the ratio of 100% Fibonacci retracement levels. The minor support has set at the level of 1.5102. Hence, we expect a range about 58 pips on January 12. Therefore, the market is going to call for a downtrend from the level of 1.5285. Thus, sell below the level of 1.5285 in the short term with the first target of 1.5143, it might resume to 1.5053 if the trend will be able to break the weekly pivot point at the level of 1.5171. It should be noted that the weekly support 1 will set at 1.5023.
Notes:
According to our statistics, it was found out that the range was between 240 pips and 285 pips and the average range was around 266 pips. Major support will set at 1.5023 on January 12, 2015. The level of 1.5170 represents the weekly pivot point. Major resistance has already set at the price of 1.5306. It should be noted that the weekly range was not very large for the last four weeks.
More analysis - at instaforex.com
Technical analysis of NZD/USD for January 13, 2015 Forecast:
According to the previous events, the NZD/USD pair has still been moving between 0.7835 and 0.7745. Strong resistance will be formed at the level of 0.7864 (the double top on H1 chart) providing a clear signal for sell deals with the targets seen at 0.7791 and 0.7740. Stop-loss is to be placed above 0.87893. The strong level (support) will be formed at the mark of 0.7741 providing a clear signal for buy deals with the target seen at the 0.7835 level. Stop-loss is to be placed below 0.7719.
Notes:
The level of 0.7780 is representing the daily pivot point. The double top will be set at the level of 0.7864. We expect a range of 62 pips today. But it should be noted that the risk of 42 pips must make a profit of 63 pips. Volatility: 162.451. Therefore, the market indicates the higher volatility. The value of 50% Fibonacci retracement levels is 0.7741 (for confirming for the bullish market).
More analysis - at instaforex.com