Instaforex Analysis

[IFX Gertrude]

Dear forum members,
Me and my colleagues are going to provide you with the latest analysis reviews. Please, follow our analysis and you will be informed about Forex. Hope, our reviews will help you to increase the efficiency of your trading.

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[IFX Gertrude]

USD/JPY Intraday Technical Levels for October 09, 2012

Today's Technical Levels:

Resistance 3: 78.68.

Resistance 2: 78.53.

Resistance 1: 78.37.

Support 1: 78.18.

Support 2: 78.02.

Support 3: 77.86.


Description:

Please, pay attention to the levels of support 3 (77.86) and resistance 3 (78.68). In general, 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.

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[IFX Gertrude]

1.4900 Still Remains A Possibility For GbpChf

Technical Outlook and Chart Setups:

As it was discussed yesterday, the single currency pair produced Bullish Engulfing Pattern just shy of 1.4900 level. Longs were recommended around 1.5 level and prices still have a bit more room left on the upside. Sequence of lower lows and lower highs is forming at the moment, so it is suggested to book small profits on long positions. As depicted above, the downside Fibonacci extensions spread through 1.4900 (shown in red). Furthermore, trend line convergence is also at the same level. There is a possibility that prices fall back to 1.4900 and bounce thereafter. On the other side, bulls will gain more makeweight if prices take out 1.5250 resistance from here on. Keeping it simple, taking small profits should be the trade mantra. 1.4900 remains key to the bears, while 1.5250 remains key to the bulls.

Trade Recommendations:

Book profits from longs taken yesterday. Scalp between 1.4900 (go long) and 1.5100 (go short).

More analysis - at instaforex.com

 

[IFX Gertrude]

USD/JPY Intraday Technical Levels for October 11, 2012


TODAY'S TECHNICAL LEVELS:

Resistance 3: 78.49.

Resistance 2: 78.34.

Resistance 1: 78.18.

Support 1: 77.99.

Support 2: 77.84.

Support 3: 77.68.


DESCRIPTION:

Please, pay attention to the levels of support 3 (77.68) and resistance 3 (78.49). In general, 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

 

[IFX Gertrude]

USD/JPY Intraday Technical Levels for October 12, 2012


TODAY'S TECHNICAL LEVELS:

Resistance 3: 78.88.

Resistance 2: 78.73.

Resistance 1: 78.57.

Support 1: 78.38.

Support 2: 78.23.

Support 3: 78.07.

DESCRIPTION:

Please, pay attention to the levels of support 3 (78.07) and resistance 3 (78.88). In general, 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

 

[IFX Gertrude]

EUR/JPY - Elliott Wave Analysis for October 15 - 2012


Today's Support and Resistance Levels:

S1: 101.17 R1: 101.52

S2: 100.90 R2: 101.68

S3: 100.71 R3: 101.91


Technical Overview:

Our Triangle scenario continues to work as it was expected. We reached the lower part of our target in the range 101.89 to 102.08 with the test of 101.91 on Friday. It could be entire wave D of the Triangle, but as the Triangle draws to its conclusion it becomes more difficult to separate the waves. However, if we break back above 101.51 we should see a move closer to the top of our range at 102.08. If we do not see a break above 101.51, but we will do it below 100.88, we could see wave E towards 100.55, which should prove to be a nice buying opportunity as we expect the Triangle to move towards the upside. Triangles always predict the last rally in the direction of the underlying trend, which means that once the Triangle has finished and we have seen a break towards the upside we know that there will be the last rally higher starting from 94.10.


Trading Recommendation:

We were long EUR from 100.25 and took profit on Friday at 101.85. Now we are looking to re-buy EUR. We will buy EUR at 100.65 or upon a break above 102.80.

More analysis - at instaforex.com

 

[IFX Gertrude]

EUR/JPY Intraday Technical Analysis

The spot rate is currently testing the upper limit of its medium-term bearish channel at 102.30 suggesting a decline. However, a break of these levels will initiate a bullish channel.

Technical indicators do not provide clear signals but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.

The spot rate is currently testing the upper limit of its channel, we suggest 2 scenarios. The first one is the hypothesis of a decline where we recommend a sell on the level of 102.30 with the 1st objective at 101.70 and then at 101.50. A breakthrough of 102.50 will invalidate this scenario. The second scenario is a break of its resistance where we recommend a “buy stop” which means to buy the spot rate as soon as it is broken through its resistance of 102.30 with the 1st objective at 102.90 and then at 103.10. A breakthrough of 102.10 will invalidate this scenario.

More analysis - at instaforex.com

 

[IFX Gertrude]

EUR/USD Intraday Technical Levels for October 17, 2012

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.3167.

Strong Resistance: 1.3158.

Original Resistance: 1.3148.

Inner Sell Area: 1.3135.

Target Inner Area: 1.3103.

Inner Buy Area: 1.3072.

Original Support: 1.3060.

Strong Support: 1.3047.

Breakout SELL Level: 1.3039.


DESCRIPTION:

Today EUR/USD has support and resistance at 1.3060 and 1.3148. It is accompanied by strong support at 1.3047 and by 1.3158 as strong resistance.
If EUR/USD breaks out and closes below 1.3039 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3167 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3072 and at 1.3135 a SELL position. In this case both targets should be located at the level of 1.3103.

More analysis - at instaforex.com

 

[IFX Gertrude]

USD/JPY Intraday Technical Levels for October 18, 2012

TODAY's TECHNICAL LEVELS:

Resistance 3: 79.53.

Resistance 2: 79.38.

Resistance 1: 79.22

Support 1: 79.02.

Support 2: 78.87.

Support 3: 78.71.


DESCRIPTION:

Please, pay attention to the levels of support 3 (78.71) and resistance 3 (79.53). In general, 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

 

[IFX Gertrude]

EUR/NZD - Elliott Wave Analysis for October 19, 2012


Today's Support and Resistance Levels:

S1: 1.5923 R1: 1.5981

S2: 1.5891 R2: 1.6061

S3: 1.5831 R3: 1.6127


Technical Overview:

The blue wave ii correction should be over soon and we should be looking for a break above 1.5987; it is the confirmation of it. Once resistance at 1.5987 is broken we should see the next rally higher towards 1.6127 and 1.6215. It is likely to be the most powerful part of it. However, in the long term we should look for much higher levels as we should expect this wave 3 higher from 1.5453 to extend, and therefore take us up to 1.6967. Of cause this rally will not be in a straight line. There seems to be some doubts as to we will observe reversals along the way, but we consider the roadmap is pretty much in place.

If we see a break below 1.5923 it does not alter the overall picture. Only a break below 1.5788 will do that. A break below 1.5788 will call for a more complex correction development.


Trading Recommendation:

You should be long EUR from 1.5725 with a stop at 1.5860. If you are not long EUR already you should buy at 1.5925 with the same stop.

More analysis - at instaforex.com

 

[IFX Gertrude]

USD/JPY Intraday Technical Levels for October 23, 2012


TODAY's TECHNICAL LEVELS:

Resistance 3: 80.29.

Resistance 2: 80.13.

Resistance 1: 79.97.

Support 1: 79.78.

Support 2: 79.62.

Support 3: 79.46.


Description:

Please, pay attention to the levels of support 3 (79.46) and resistance 3 (80.29). In general, 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

 

[IFX Gertrude]

EUR/USD: Technical Analysis for October 24, 2012


Overview:

The EUR/USD pair has broken the resistance level and turned towards the support level near the two-month point of 1.2903. Therefore, the pair has already formed a strong support at 1.2803 / 1.2894. Moreover, having failed to close below 1.2900 yesterday, the pair started showing a bullish reaction at this level. It is necessary to mention that these levels coincide with strong levels for bulls on H4 chart; the pair has also formed a strong support at the level of 1.2803 / 1.2894. The pair will move upwards, it is convincing; the structure of the upside movement does not look corrective and is indicating a bullish opportunity above 1.2803. This can be a good sign for buy deals above 1.2803 / 1.2894 with the first target at 1.2970 initiating an uptrend in order to continue the bullish mood towards the point of 1.3015 and further to 1.3130. If the trend breaks the weekly pivot point (1.3017), then the pair will go upwards to these targets. However, it should also be noted that the price is still between 1.3090 and 1.2955, as the last strong resistance level (1.3140) is still able to begin a downtrend at this level. Thus, the market indicates a bearish opportunity at the level 1.3140 on H4 chart with the first target at 1.3090 and continues towards 1.3000.


Weekly Pivot Points:

R3: 1.3392
R2: 1.3266
R1: 1.3143
PP: 1.3017
S1: 1.2894
S2: 1.2768
S3: 1.2645


Observation (s):

If the trend is ascending, then the strength of the currency will be defined as following: EUR is an uptrend and USD is a downtrend.
Most of the traders use the Fibonacci retracement to determine accurately the psychological support and resistance levels.
Stop loss should NEVER exceed your maximum exposure amounts.
The market has a high volatile as usual if the last day had a huge volatility.


More analysis - at instaforex.com

 

[IFX Gertrude]

USD/JPY Intraday Technical Levels for October 25, 2012

TODAY's TECHNICAL LEVELS:

Resistance 3: 80.34.
Resistance 2: 80.18.
Resistance 1: 79.96.
Support 1: 79.78.
Support 2: 79.62.
Support 3: 79.46.


DESCRIPTION:

Please, pay attention to the levels of support 3 (79.46) and resistance 3 (80.34). In general, 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

 

[IFX Gertrude]

USD/JPY Intraday Technical Levels for October 29, 2012

TODAY's TECHNICAL LEVELS:

Resistance 3: 80.07.
Resistance 2: 79.92.
Resistance 1: 7976.
Support 1: 79.56.
Support 2: 79.40.
Support 3: 79.24.


DESCRIPTION:

Please, pay attention to the levels of support 3 (79.24) and resistance 3 (80.07). In general, 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

 

[IFX Gertrude]

GBP/USD Intraday Technical Analysis

The spot rate is currently testing the intermediate support of its medium-term bearish channel at 1.6000 suggesting a rebound. However, a break of these levels will reach the lower limit of its channel at 1.5880.

Technical indicators provide sell signals, but until the support is not broken the assumption of a rebound is most likely. Bollinger bands have stabilized showing a more regular volatility.

The spot rate is currently testing the intermediate support of its channel, we suggest 2 scenarios. The first one is the hypothesis of a rebound where we recommend a buy on the level of 1.6000 with the 1st objective at 1.6060 and then at 1.6080. A breakthrough of 1.5980 will invalidate this scenario. The second scenario is a break of its support where we advise a “sell stop” which means to sell the spot rate as soon as it is broken through its support of 1.6000 with the 1st objective at 1.5940 and then at 1.5920. A breakthrough of 1.6020 will invalidate this scenario.


More analysis - at instaforex.com

 

[IFX Gertrude]

USD/JPY Intraday Technical Levels for October 31, 2012

TODAY'S TECHNICAL LEVELS:

Resistance 3: 80.01.

Resistance 2: 80.86.

Resistance 1: 79.70.

Support 1: 79.51.

Support 2: 79.35.

Support 3: 79.19.


DESCRIPTION:

Please, pay attention to the levels of support 3 (79.19) and resistance 3 (80.01). In general, 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

 

[IFX Gertrude]

USD/JPY Intraday Technical Levels for November 5, 2012

TODAY's TECHNICAL LEVELS:

Resistance 3: 80.90.

Resistance 2: 80.74.

Resistance 1: 80.58.

Support 1: 80.39.

Support 2: 80.23.

Support 3: 80.07.


DESCRIPTION:

Please, pay attention to the levels of support 3 (80.07) and resistance 3 (80.90). In general, 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

 

[IFX Gertrude]

EUR/USD Intraday Technical Levels for November 6, 2012

TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.2854.

Strong Resistance: 1.2846.

Original Resistance: 1.2834.

Inner Sell Area: 1.2022.

Target Inner Area: 1.2791.

Inner Buy Area: 1.2760.

Original Support: 1.2748.

Strong Support: 1.2735.

Breakout SELL Level: 1.2726.


DESCRIPTION:

Today EUR/USD has support and resistance at 1.2748 and 1.2834. The rate is accompanied by strong support at 1.2735 and by 1.2846 as strong resistance.

If EUR/USD breaks out and closes below 1.2726 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.2854 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2760 and at 1.2022, a SELL position. In this case both targets should be located at the level of 1.2791.

More analysis - at instaforex.com

 

[IFX Gertrude]

EUR/JPY Intraday Technical Analysis

The spot rate is currently testing the intermediate resistance of its medium-term bearish channel at 101.80. It seems that a decline was initiated. However, a break of these levels will free a large potential and reach the upper limit of its channel at 102.60.
Technical indicators do not provide clear signals, but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.
The spot rate is currently testing the intermediate resistance of its channel, we suggest 2 scenarios. The first one is the hypothesis of a decline where we recommend a sell on the level of 101.80 with the 1st objective at 101.20 and then at 101.00. A breakthrough of 102.00 will invalidate this scenario. The second scenario is a break of its resistance where we advise a “buy stop” which means to buy the spot rate as soon as it is broken through its resistance of 101.80 with the 1st objective at 102.40 and then at 102.60. A breakthrough of 101.60 will invalidate this scenario.

More analysis - at instaforex.com

 

[IFX Gertrude]

EUR/USD Intraday Technical Levels for November 14, 2012

TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.2770.

Strong Resistance: 1.2763.

Original Resistance: 1.2751.

Inner Sell Area: 1.2739.

Target Inner Area: 1.2709.

Inner Buy Area: 1.2679.

Original Support: 1.2667.

Strong Support: 1.2655.

Breakout SELL Level: 1.2647.



DESCRIPTION:

Today EUR/USD has support and resistance at 1.2667 and 1.2751. The rate is accompanied by strong support at 1.2655 and by 1.2763 as strong resistance.
If EUR/USD breaks out and closes below 1.2647 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.2770 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2679 and at 1.2739, a SELL position. In this case both targets should be located at the level of 1.2709.


More analysis - at instaforex.com