InstaForex Wave Analysis - page 205
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
Technical analysis of EUR/USD for September 07, 2015
When the European market opens, economic news on the Sentix Investor Confidence and German Industrial Production m/m is due to be released. The US will not unveil any economic data today. So amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.1206.
Strong Resistance:1.1200.
Original Resistance: 1.1189.
Inner Sell Area: 1.1178.
Target Inner Area: 1.11152.
Inner Buy Area: 1.1126.
Original Support: 1.1115.
Strong Support: 1.1104.
Breakout SELL Level: 1.10698.
More analysis - at instaforex.com
Daily analysis of GBP/USD for September 08, 2015
The pair is already trying to correct the decline that has been unfolding for several days. It could reach the 200 SMA on the H1 chart soon. That level is located at 1.5329, where a pullback could happen in order to gain fresh bearish momentum. There is an opportunity that GBP/USD will break the support level of 1.5272 and fall to 1.5220.
Daily chart's resistance levels: 1.5329 / 1.5479
Daily chart's support levels: 1.5181 / 1.5089
H1 chart's resistance levels: 1.5329 / 1.5402
H1 chart's support levels: 1.5272 / 1.5220
Trading recommendations for today:
Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.5272, take profit is at 1.5220, and stop loss is at 1.5328.
More analysis - at instaforex.com
Daily analysis of GBP/USD for September 09, 2015
GBP/USD is still moving inside a bullish corrective channel which is taking in place on the daily chart. It made a breakout at the level of 1.5329 to the upside. That is why we focus on the territory around 1.5479 in the mid- and short-term, which is the nearest resistance level in this time frame.
On the H1 chart, the pair is forming a higher high pattern above the support level of 1.5357, with a consolidation zone above the 200 SMA. The resistance level of 1.5402 is the closest one in the short term, where a breakout to the upside should happen in order to reach the next high at 1.5440.
Daily chart's resistance levels: 1.5479 / 1.5559
Daily chart's support levels: 1.5329 / 1.5181
H1 chart's resistance levels: 1.5402 / 1.5440
H1 chart's support levels: 1.5357 / 1.5319
Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.5357, take profit is at 1.5319, and stop loss is at 1.5393.
More analysis - at instaforex.com
Technical analysis of EUR/USD for September 11, 2015
Overview:
The daily pivot point is seen at the level of 1.1267; and now the price is moving around this key level. But, the weekly pivot point set at the 1.1230 price. Consequently, the market has still been calling for a rally because the pair has been trading above the key level since yesterday. Accordingly, if the trend fails to close below the level of 1.1230, it will be a good opportunity to buy above the levels of 1.1260/1.1230 with the first target at 1.1323 (this level is going to represent a double top and coincides with the ratio of 50% at the same time). Then, it will move in an uptrend towards 1.1379 in order to test the weekly resistance 2. At the same time, the stop loss should always be taken in account because it should never exceed your maximum exposure amounts. As a result, the best location to set your stop loss is seen below the level of 1.1230. It should be noted that the level of 1.1208 represents the double bottom.
Intraday technical levels:
R3: 1.1438
R2: 1.1379
R1: 1.1323
PP: 1.1267
S1: 1.1230
S2: 1.1196
S3: 1.1142
More analysis - at instaforex.com
Technical analysis of USD/JPY for September 14, 2015
USD/JPY is expected to trade in a lower range. US stocks continued advancing on Friday with the Dow Jones Industrial Average gaining 0.6% to 16433, the S&P 500 rising 0.5% to 1961, and the Nasdaq Composite climbing 0.5% to 4822. Nymex crude oil dropped 2.8% to settle at $44.63 a barrel, gold fell 0.3% to $1107 a troy ounce, while the 10-year Treasury yield edged down to 2.191% from 2.222% on Thursday. While all eyes are on the US Federal Reserve interest rate decision at its September 16-17 meeting, the US dollar weakened against most other major currencies on Friday. The pair is trading below the key resistance at 120.95. Intraday technical indicators are mixed: the 20-period intraday moving average (MA) stays below the 50-period one, while the intraday relative strength indicator (RSI) is above the neutrality level of 50. As long as 120.95 holds as the key resistance, the pair is expected to show choppy price actions with a bearish bias. The first downside target is set at 119.60 (around the low of September 11); and the second one, at 119.10 (around the low of September 10).
Trading recommendations:
The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 119.60. A break of that target will move the pair further downwards to 119.10. The pivot point stands at 120.95. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, long positions are recommended with the first target at 121.30 and the second target at 121.70.
Resistance levels: 121.70 122 122.50
Support levels: 119.90 119.60 119.20
More analysis - at instaforex.com
Elliott wave analysis of EUR/NZD for September 15, 2015
Technical summary:
We do not see any changes here as we are still looking for a firm breakout above resistance at 1.7996 in order to perform the next rally higher to 1.8289 and even high to 1.8702 in wave iii of (v). In the short term, we expect minor support at 1.7777 to protect the downside for a breakout above 1.7996.
Trading recommendation:
We are long EUR from 1.7490 with stop placed at 1.7620. If you are not long EUR yet, buy on a break above 1.7996 and place you stop at 1.7775.
More analysis - at instaforex.com
Technical analysis of EUR/USD for September 16, 2015
When the European market opens, economic news on the German 30-y Bond Auction, Final Core CPI y/y, and Final CPI y/y is due to be published. The US will release data about the TIC Long-Term Purchases, Crude Oil Inventories, NAHB Housing Market Index, Core CPI m/m, and CPI m/m. So amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.1324.
Strong Resistance:1.1318.
Original Resistance: 1.1307.
Inner Sell Area: 1.1296.
Target Inner Area: 1.1270.
Inner Buy Area: 1.1244.
Original Support: 1.1233.
Strong Support: 1.1223.
Breakout SELL Level: 1.1216.
More analysis - at instaforex.com
Elliott wave analysis of EUR/NZD for September 17, 2015
Technical summary:
A correction in wave ii has taken more time than first expected, but nothing else has changed. We are still looking for a break above resistance at 1.7866 to enable a rally towards at least 1.8288 and most likely even higher to 1.8682 in wave iii. Ideally, support at 1.7702 will be able to protect the downside for a breakout above 1.7866.
Trading recommendation:
We are long EUR from 1.7490 with stop at 1.7620. If you are not long EUR yet, then buy on a break above resistance at 1.7866 with stop placed at 1.7700.
More analysis - at instaforex.com
Technical analysis of AUD/USD for September 18, 2015
Overview:
The AUD/USD pair rose from the strong level of 0.7140 and extended further to as high as 0.7172 yesterday, but it closed at the level of 0.7165 today. It should be noted that support is seen at 0.7140 because this level has also formed double bottom. Furthermore, the price set above 50% of Fibonacci retracement levels since last week. For that purpose, we expect a saturation around the level of 0.7140 or 0.7132. Hence, the market is likely to start showing the signs of a bullish bias again from this spot in order to indicate a bullish opportunity from the level of 0.7140 (50% of Fibonacci retracement levels in the H1 chart). Accordingly, buy above the level of 0.7140 with the first target at 0.7191 besides it will call for an uptrend in order to continue bullish movement towards 0.7250 in coming hours. On the other hand, if the bulls are forced to pull back below the level of 0.7125 and sellers can break this level, therefore the best solution is to set a stop loss at the 0.712.
More analysis - at instaforex.com
Technical analysis of EUR/USD for September 22, 2015
When the European market opens, economic news about the Consumer Confidence is due to be released. The US will publish economic data on the Richmond Manufacturing Index and HPI m/m. So amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.1240.
Strong Resistance:1.1234.
Original Resistance: 1.1223.
Inner Sell Area: 1.1212.
Target Inner Area: 1.1186.
Inner Buy Area: 1.1160.
Original Support: 1.1149.
Strong Support: 1.1138.
Breakout SELL Level: 1.1132.
More analysis - at instaforex.com