Instaforex Analysis

[IFX Gertrude]

EUR/JPY technical analysis for May 30, 2013

RECOMMENDATION:
Buy stop (pending order) at 131.51.
Stop loss at 131.41.
Take profit at 131.65
Alternative:
Sell stop (pending order) at 130.74.
Stop loss at 130.84.
Take profit at 130.60.

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[IFX Gertrude]

EUR/JPY technical analysis for May 31, 2013

RECOMMENDATION:
Buy stop (pending order) at 132.01.
Stop loss at 131.91.
Take profit at 132.15.
Alternative:
Sell stop (pending order) at 131.49
Stop loss at 131.59.
Take profit at 131.35.

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[IFX Gertrude]

EUR/JPY technical analysis for June 3, 2013

RECOMMENDATION:
SELL Stop (Pending Order) is at 130.74.
Take Profit is at 130.60
Stop Loss is at 130.84

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[IFX Gertrude]

EUR/JPY technical analysis for June 4, 2013

RECOMMENDATION:
SELL Stop (Pending Order) is at 129.99. Take Profit is at 129.85.
Stop Loss is at 130.09.

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[IFX Gertrude]

EUR/USD: intraday technical analysis for June 5, 2013

Overview:
The EUR/USD pair's support had been broken and it was turned to resistance around the price of 1.3188 for a month. Therefore, the pair has already formed a strong resistance at 1.3188. Moreover, after it could close above 1.3100 and the pair started signing for bullish market, it should also be noted that the price has still been trapped between 161.8% Fibonacci Retracement levels and 100%. As well the RSI and the last strong support (around the double bottom (1.2965) on H1 chart) are still calling for uptrend at this level. Hence, the market indicates a bullish opportunity on level of 1.2965 on the H1 chart with the first target of 1.3053 and continues towards 1.3093 above the weekly pivot point. However, in case reversal takes place and the EUR/USD pair breaks through the support level of 1.3012, the market will lead to futher decline to 1.2960.

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[IFX Gertrude]

EUR/JPY Elliott Wave analysis for June 6, 2013

Today's support and resistance levels:
R3: 130.65
R2: 130.31
R1: 130.06
Current spot: 129.94
S1: 129.42
S2: 128.80
S3: 128.05

Technical overview:
We have seen a slight break below support at 129.46, but we are looking for even more acceleration towards the downside, as a possible wave iii of C is progressing for a decline towards at least 128.80 and likely even down to 127.19. In the short term, we would like to see resistance at 130.31 to protect the upside for the next break below 129.42 confirming the next decline towards 128.80. However, even a rally towards 130.65 would not invalidate our bearish call, but we should not break above 130.65 as that would call for a new test of resistance at 131.40 before going down again.

Trading recommendation:
We short EUR from 130.19 with stop placed at 131.45. If you do not have short positions on EUR already, then sell near 130.31 or upon a break below 129.42 with the same stop.

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[IFX Gertrude]

EUR/JPY technical analysis for June 7, 2013

RECOMMENDATION:
Sell stop (pending order) at 127.99.
Take profit at 127.85.
Stop loss at 128.09.

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[IFX Gertrude]

EUR/JPY technical analysis for June 10, 2013

RECOMMENDATION:
Buy stop (pending order) at 129.76.
Take profit at 129.90.
Stop loss at 129.66.

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[IFX Gertrude]

EUR/JPY technical analysis for June 11, 2013

RECOMMENDATION:
Sell stop (pending order) at 130.74.
Take profit at 130.60.
Stop loss at 130.84.

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[IFX Gertrude]

EUR/JPY technical analysis for June 12, 2013

RECOMMENDATION:
Sell stop (pending order) at 128.24.
Take profit at 128.10.
Stop loss at 128.34.

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[IFX Gertrude]

EUR/JPY technical analysis for June 13, 2013

RECOMMENDATION:
Sell stop (pending order) at 128.24.
Take profit at 128.10.
Stop loss at 128.34.

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[IFX Gertrude]

EUR/JPY technical analysis for June 14, 2013

RECOMMENDATION:
SELL Stop (Pending Order) is at 126.24.
Take Profit is at 126.10.
Stop Loss is at 126.34.

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[IFX Gertrude]

EUR/JPY technical analysis for June 17, 2013

With all the three Moving Average making a death cross pattern formation, the market is still in downtrend pressure. It seems the seller will get more advantage than the buyers as long as 126.25 is not breached, the downside pressure still continues.

RECOMMENDATION:
SELL Stop (Pending Order) at 125.99.
Take Profit at 125.85.
Stop Loss at 126.09.

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[IFX Gertrude]

NZD/USD technical analysis for June 18, 2013

Overview:
NZD/USD movement will be continued straight from 0.7850 (in the H1 chart 23.6% of Fibonacci retracement levels). Therefore the kiwi is showing signs of strength, following the break of the highest level of 0.7860. So it will be a good sign to buy above the level of 23.6% of Fibonacci retracement levels in the H1 chart with the first target of 0.7960 and further to 0.8050 (it will act as a strong resistance for that it is going to be a good place to take profit, it also should be noted that this level of taking profit will coincide with 78% of Fibonacci. However, in case a reversal takes place and NZD/USD breaks through the support level of 0.7850/0.7860, the market will lead to further decline to 0.7710, indicating bearish mood. According to previous events, the price will be trapped between 0.8000 and 0.7920. Buy above 0.7860 with the first target of 0.7950, it might resume to 0.80 and then, to 0.8047. Below 0.8050 look for further downside with 0.7923 and 0.7860 targets. Also it should be noted that if there happens a break through 0.7850, the market will indicate bearish momentum towards 0.7710.

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[IFX Gertrude]

EUR/JPY technical analysis for June 19, 2013

Today this currency pair is in the uptrend. This is indicated by the moving average already making a Golden Cross pattern, but please remain careful because this night the US FOMC Statement is expected, please be prepared for the reversal movement during the news release.

RECOMMENDATION:
Buy stop (pending order) at 128.11. Take profit at 128.25. Stop loss at 128.01.

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[IFX Gertrude]

USD/CHF technical analysis for June 21, 2013

Overview:
USD/CHF: The price has still been trapped between 0.9275 - 0.9300 as well as it has been set below strong resistance at the level of 0.9420 (this level is formed at the weekly pivot point for June 17 - 21, 2013). Additionally, it should be noted that these levels are coinciding between 23.6% and 00% of Fibonacci retracement levels in the H1 chart and the pair has already formed a strong resistance at this level of 0.9403 and it is now about to test it. Therefore, the Swiss franc will have a downside momentum which is rather convincing and the structure of the fall looks non-corrective. Moreover, the decline from 0.9403 should be resumed to 0.9185 (strong support will be set at 0.9185). In order to indicate a bearish opportunity below 0.9403, it will be a good sign to sell below 0.9400 with the first target at 0.9290 and it will call for the downtrend in order to continue a bearish movement towards 0.9228 (00% of Fibonacci retracement levels in the H1 chart). Furthermore, it also should be mentioned that the price at 0.9222 will possible form a double bottom and call for a strong support. Hence, saturation around 0.9185 will rebound the pair; meanwhile, it will probably show that the market is going to start showing the signs of a bullish trend. In other words, it will be a good sign to buy above 0.9185 with the first target of 0.9300 and continue towards 0.9380.

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[IFX Gertrude]

EUR/JPY technical analysis for June 24, 2013

For today, EUR/JPY seems to have got a bullish momentum again, but the momentum is not strong enough because we spotted that EUR/JPY has already touch the EMA (100), this means the weak signal of the current trend (bullish), so please be prepared for unexpected reversal moves on this currency.

RECOMMENDATION:
Buy stop (pending order) at 129.26.
Take profit at 129.40.
Stop loss at 129.16.

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[IFX Gertrude]

USD/CHF technical analysis for June 26, 2013

Overview:
USD/CHF's subsequent sharp fall suggests that decline from 0.9579 had resumed to test 0.9382. Therefore, the pair has already formed a strong support at the psychological level of 0.9130. It should be noted that the price has still been trapped between 0.9310 and 0.9220. Moreover, it couldn't close below this psychological level, while the price has been set above it for two weeks, hence the market started showing bullish signs. Consequently, it is a good sign to buy above 0.9130 with the first target of 0.9118 (Pivot point), and continue towards 0.9490. However, If the trend breaks this level and closes below it (0.9480), it will be a downside momentum. The structure of the fall does not look corrective, hence the market will indicate a bearish opportunity below 0.9480, subsequently the support will be become a resistance. It will be a good sign to sell below 0.9480 with the target at 0.9420. Further, it will be resumed towards 0.9132 in order to form a double bottom.

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[IFX Gertrude]

EUR/JPY technical analysis for June 28, 2013

Since the 128.00 level was already breached yesterday, EUR/JPY started a new direction, now this currency is about to head up: all the three moving averages make a Golden Cross pattern.

RECOMMENDATION:
Buy stop (pending order) at 129.51.
Take profit at 129.65.
Stop loss at 129.41.

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[IFX Gertrude]

EUR/JPY technical analysis for July 1, 2013

The EUR/JPY is still in the uptrend movement now; this fact has been already indicated by all the three "Golden Cross" chart patterns created by Moving Averages. As long as the retrachement from the EUR/JPY do not touch the EMA 100 (Green), the uptrend situation will continue.

RECOMMENDATION:
BUY Stop (Pending Order) @ 129.51.
Take Profit @ 129.65.
Stop Loss @ 129.41.

More analysis - at instaforex.com