Instaforex Daily Analysis

Offline
03-04-2015, 07:51 PM,
#31
The USDX is currently performing a bullish breakout at the resistance level of 95.45 on the daily chart. The instrument could be looking to the upside target at the level of 96.96. The current move is taking place after the higher high pattern formation below the resistance zone mentioned. It should be noticed that during the current bullish bias the USDX could form another bullish pattern.

resim
After moving sideways on the H1 chart during three sessions, the USDX made a breakout at the level of 95.52. Now, the instrument is looking to reach the short-term target located at the resistance level of 96.08. If the USDX makes a breakout at that level, it would be expected to reach a new important high at the zone of 96.85.

resim
Daily chart's resistance levels: 96.96 / 98.01 Dailychart's support levels: 95.45 / 94.18 H1 chart's resistance levels: 96.08 / 96.85 H1 chart's support levels: 95.52 / 95.31 Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 96.08, take profit is at 96.85, and stop loss is at 95.31.

Read more: https://www.instaforex.com/forex_analysis/57564/
Offline
03-04-2015, 07:52 PM,
#32
resim

The market of the GBP/USD pair showed the signs of instability. The trend movement was debatable as it took place in the narrow sideways channel. Due to the previous events, the price is still between the levels of 1.5328 and 1.5440, so it is recommended to be careful while making deals in this area. Therefore, it is necessary to wait until the sideways channel is passed through. Then the market will probably show the signs of a bullish trend. In other words, buy deals are recommended above 1.5330 with their first target at the level of 1.5390. From this point, the pair is likely to begin an ascending movement to the point of 1.5412 and further to the level of 1.5440 (it will act as a strong resistance for this week because it is representing the weekly pivot point). However, if the pair fails to pass through the level of 1.5440, the market will indicate a bearish opportunity below the strong resistance level of 1.5440. In this regard, sell deals are recommended lower than the level of 1.5440 with the first target at 1.5387. It is possible that the pair will turn downwards continuing the development of the bearish trend to the level 1.5328 then 1.5328 in order to test the double bottom and the support 1 on the H1 chart. It should be noted that the weekly resistance 1 is at the level of 1.5328 and the double bottom is already placed at the point of 1.5332.

Read more: https://www.instaforex.com/forex_analysis/57558/
Offline
03-04-2015, 07:54 PM,
#33
On the daily chart we can see that the nearest target in the downside road is still located at the support level of 1.5247, because the GBP/USD pair continues to be bearish. The strong rejection by the resistance level of 1.5491 is a clear indication of weakness that this pair is currently having and maybe it is a new start of the general bearish bias, which could be confirmed with a consolidation below the level of 1.5050.

resim
The bearish structure is more clear when we look at the H1 chart, as the GBP/USD pair is being consolidated below the 200 SMA. The fractals formed above the current levels of this pair could be a confirmation of a new short-term bearish trend that GBP/USD is currently riding and, for now, we would expect more falls.

resim
Daily chart's resistance levels: 1.5761 / 1.5957 Dailychart's support levels: 1.5491 / 1.5247 H1 chart's resistance levels: 1.5413 / 1.5455 H1 chart's support levels: 1.5340 / 1.5257 Trading recommendations for today: Based on the H1 chart, place short (sell) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.5340, take profit is at 1.5257, and stop loss is at 1.5423.

Read more: https://www.instaforex.com/forex_analysis/57562/
Offline
03-04-2015, 07:55 PM,
#34
The gold price continues to trade above the support at $1,200. However, there is no clear sign of strength that could push the price above $1,225. A short-term trend is neutral. As long as the price is above $1,190-$1,200, bulls have hope for a bigger bounce towards $1,250.

resim
Black line = trend line resistance Now, the Ichimoku cloud is back above the Gold price again. Gold has not managed to reach the 38% retracement of the decline, but I still believe that it may hit that level. The short-term support is at $1,200 and the short-term resistance is at $1,213.

resim
The weekly chart is not good for bulls as the rejection at the kijun-sen (yellow line) is a bearish sign. Support is found at $1,190. If broken bears are in control, we could see a sharp move downwards towards $1,130.

Read more: https://www.instaforex.com/forex_analysis/57560/
Offline
03-04-2015, 07:57 PM,
#35
resim
On the daily chart we can see that the nearest target in the downside road is still located at the support level of 1.5247, because the GBP/USD pair continues to be bearish. The strong rejection by the resistance level of 1.5491 is a clear indication of weakness that this pair is currently having and maybe it is a new start of the general bearish bias, which could be confirmed with a consolidation below the level of 1.5050.


The bearish structure is more clear when we look at the H1 chart, as the GBP/USD pair is being consolidated below the 200 SMA. The fractals formed above the current levels of this pair could be a confirmation of a new short-term bearish trend that GBP/USD is currently riding and, for now, we would expect more falls.

resim
Daily chart's resistance levels: 1.5761 / 1.5957 Dailychart's support levels: 1.5491 / 1.5247 H1 chart's resistance levels: 1.5413 / 1.5455 H1 chart's support levels: 1.5340 / 1.5257 Trading recommendations for today: Based on the H1 chart, place short (sell) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.5340, take profit is at 1.5257, and stop loss is at 1.5423.

Read more: https://www.instaforex.com/forex_analysis/57562/
Offline
03-04-2015, 07:59 PM,
#36
resim
Offline
03-04-2015, 08:00 PM, (This post was last modified: 03-04-2015, 08:00 PM by abruzzi.)
#37
resim

EUR/USD: This pair is still bearish in outlook, not yet able to go upwards significantly, following the strong bearish run that happened at the end of the last week. As long as the pair is weak, USD/CHF (which normally gets negatively correlated to the EUR/USD pair) would not be able to go downwards. The price is currently between the support line at 1.1150 and the resistance line at 1.1200. The support line may be breached to the downside but the price may not be able to close below it, because the outlook on the EUR is upbeat.

Read more: https://www.instaforex.com/forex_analysis/57554/
Offline
03-04-2015, 08:01 PM,
#38
resim

USD/CHF: The USD/CHF pair continues to go upwards in a determined manner. The bullish movement is slow and gradual, as the price forms a series of lower highs and higher highs in the chart. The price is now above the support level at 0.9600, and it may get to the resistance levels at 0.9650 and 0.9700.

Read more: https://www.instaforex.com/forex_analysis/57554/
Offline
03-04-2015, 08:02 PM,
#39
resim

GBP/USD: The outlook for the Cable this week is downbeat and it is not a surprise that the price is showing some signs of weakness. The EMA 11 is below the EMA 56 and the RSI period 14 is below the level of 50. This shows a serious Bearish Confirmation Pattern in the chart: the price may trend lower from here.

Read more: https://www.instaforex.com/forex_analysis/57554/
Offline
03-04-2015, 08:04 PM,
#40
resim

USD/JPY: In spite of the effort of bears, expectations remain bullish. While, it is possible that the price could touch the demand levels at 119.50 and 119.00, the supply levels at 120.00 and 125.00 can also be attained.

Read more: https://www.instaforex.com/forex_analysis/57554/
Offline
03-04-2015, 08:06 PM,
#41
resim

EUR/JPY: Although, the current price action shows that this cross is weak, a bullish breakout is expected at any day this week. It may be today, tomorrow, or Friday, but eventually, there would be a rally in the market and the rally could go on for a few weeks. One reason behind this is the expected weakness of the JPY.

Read more: https://www.instaforex.com/forex_analysis/57554/
Offline
03-04-2015, 08:07 PM,
#42
resim

General overview for 04/03/2015 08:25 CET The current wave progression does not really confirm the impassive wave development to the upside and the outlook for the intraday wave count is more and more in favor of more complex and time consuming corrective cycle in wave X brown. However, this point of view has not been yet confirmed by the market and an impassive breakout below the intraday support at the level of 133.43 is needed to draw that kind of conclusion. In that case, the next support is seen at the level of 132.77. Support/Resistance: 132.77 - WS1 133.43 - Intraday Support 134.22 - Weekly Pivot 134.59 - Intraday Resistance 135.02 - WR1 Trading recommendations: The buy orders should still be kept open, but please keep an eye on the level of 133.42 as any breakout below this level invalidates any possibility of a bullish wave progression.

Read more: https://www.instaforex.com/forex_analysis/57552/
Offline
03-04-2015, 08:08 PM,
#43
resim

Technical summary: We are still waiting for the last decline to a long-term support around 1.4700 from 1.7274 to end and set a stage for a multi-month rally. We ideally will see the 1.4819 upside protection for the expected decline closer to 1.4700 in the short term. That says any break below 1.4763 is going to fulfill all requirements for the decline from 1.5821 as a five-wave decline may be counted and we should be looking for a long-term low. Trading recommendation: We will buy EUR at 1.4725 or upon a break above 1.4925 (one order done cancels the other)

Read more: https://www.instaforex.com/forex_analysis/57548/
Offline
03-04-2015, 08:10 PM,
#44
resim

Technical summary: We are still waiting for the last decline to a long-term support around 1.4700 from 1.7274 to end and set a stage for a multi-month rally. We ideally will see the 1.4819 upside protection for the expected decline closer to 1.4700 in the short term. That says any break below 1.4763 is going to fulfill all requirements for the decline from 1.5821 as a five-wave decline may be counted and we should be looking for a long-term low. Trading recommendation: We will buy EUR at 1.4725 or upon a break above 1.4925 (one order done cancels the other)

Read more: https://www.instaforex.com/forex_analysis/57548/
Offline
03-05-2015, 02:27 PM,
#45
FXStreet (Barcelona) - Karen Jones, Head of Technical Analysis at Commerzbank, views that with June Bund Futures having eroded the 3-month support, the focus now shifts lower towards the key support at 156.00/155.98.

Key Quotes

“The Bund June contract has eroded its 3 month support line and the risk is that will see a slide back to key support at 156.00/155.98.”

“Intraday rallies are likely to remain capped by 156.95/157.10 and while capped here the market will maintain a slightly offered feel.”

“Above 157.10 will suggest another attempt on the 157.77 recent high.”

“Shorter term (1-3 weeks): Failed at 160, downside corrective”



Users browsing this thread: 2 Guest(s)
Komen: 6199 <<>> Dilihat: 113139
Instaforex Daily Analysis
abruzzi
93661
Forum Jump: