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Post by instaforexgertrude on Nov 12, 2014 2:40:07 GMT -5
Daily analysis of GBP/USD for November 12, 2014
At the H4 chart, the GBP/USD pair made a bullish consolidation above the support level of 1.5874. The next goal on the bullish road would be the resistance level of 1.5951. We must highlight the fact that this pair has been following the bearish bias for several weeks. So, it's normal to see these corrective movements. The MACD indicator remains in the positive territory. H4chart's resistance levels: 1.5951 / 1.6004 H4chart's support levels: 1.5874 / 1.5811
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Post by instaforexgertrude on Nov 13, 2014 3:00:55 GMT -5
Daily analysis of major pairs for November 13, 2014
EUR/USD: Unlike the Cable, the EUR/USD pair has not traded downwards significantly, though the overall bias has been bearish. As long as the price is below the support line at 1.2500, it would be assumed that the bearish outlook is intact. It is now either the price breaks the support line at 1.2400 or breaks the resistance line at 1.2500 to the upside. More analysis - at instaforex.com
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Post by instaforexgertrude on Nov 17, 2014 3:25:20 GMT -5
Technical analysis of Gold for November 17, 2014
Technical outlook and chart setups: Gold has rallied to $1,195.00 levels in last 2 trading sessions. The metal could still have room left on the higher side. $1,207.00 looks like the next potential immediate target. It is recommended to hold long positions and move risk to $1,145.00. As seen here, the $1,207.00 is a potential resistance and also fibonacci convergence level. A bearish reaction there should be watched for a potential down trend resumption. Immediate support is at $1,145.00, followed by $1,130.00 while resistance is seen at $1,207.00, followed by $1,230.00/35.00, $1,250.00/55.00 and higher respectively.
Trading recommendations: Remain long, stop at $1,145.00, target is $1,207.00.
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Post by instaforexgertrude on Nov 18, 2014 2:53:45 GMT -5
Daily analysis of GBP/USD for November 18, 2014
The GBP/USD pair continues to find support on the bearish trend line at the level of 1.5635, which is prompting the pair to strengthen the current bearish trend on H4 chart. However, the GBP/USD pair could form a double bottom pattern to rise again to the resistance level of 1.5698. The aforesaid movement may be a corrective move in favor of the bearish trend and the following objective remains at the support level of 1.5512. The MACD indicator remains in the positive territory. H4chart's resistance levels: 1.5698 / 1.5811 H4chart's support levels: 1.5600 / 1.5512
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Post by instaforexgertrude on Nov 18, 2014 2:55:15 GMT -5
Daily analysis of GBP/USD for November 18, 2014
The GBP/USD pair continues to find support on the bearish trend line at the level of 1.5635, which is prompting the pair to strengthen the current bearish trend on H4 chart. However, the GBP/USD pair could form a double bottom pattern to rise again to the resistance level of 1.5698. The aforesaid movement may be a corrective move in favor of the bearish trend and the following objective remains at the support level of 1.5512. The MACD indicator remains in the positive territory. H4chart's resistance levels: 1.5698 / 1.5811 H4chart's support levels: 1.5600 / 1.5512
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Post by instaforexgertrude on Nov 19, 2014 2:59:00 GMT -5
Daily analysis of major pairs for November 19, 2014
EUR/USD: This market also shows protracted efforts by bulls to push the price upwards, as bearish pulls are being rejected. A movement above the resistance line at 1.2600 would mean the end of the bearish bias, leading to a Bullish Confirmation Pattern in the market.
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Post by instaforexgertrude on Nov 20, 2014 3:01:09 GMT -5
Daily analysis of major pairs for November 20, 2014
EUR/USD: There is now a Bullish Confirmation Pattern in the chart, which would become stronger as the price manages to cross the resistance line at 1.2600 to the upside, closing above it. Moreover, many strong economic figures are expected today and they will have a serious impact on the markets.
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Post by instaforexgertrude on Nov 21, 2014 2:36:22 GMT -5
Daily analysis of USDX for November 21, 2014
At the H4 chart, the USDX has still been following the bullish trend line at the support level of 87.35. However, the USDX has formed several fractals at the resistance level of 87.93, so this instrument has lost bullish force in the medium term and eventually the USDX could fall to the level of 86.75 next week. H4chart's resistance levels: 87.93 / 88.19 H4chart's support levels: 87.35 / 87.00
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Post by instaforexgertrude on Nov 26, 2014 4:04:05 GMT -5
Daily analysis of major pairs for November 26, 2014
EUR/USD: This currency trading instrument is making some commendable effort to go bullish, though some odds are still against it. An upward movement of over 110 so far this week is formidable enough, and when price goes above the resistance line at 1.2600, then things would have gone bullish. However, this goal is not currently easy to achieve.
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Post by instaforexgertrude on Nov 27, 2014 2:42:32 GMT -5
Daily analysis of GBP/USD for November 27, 2014
On the daily chart, the GBP/USD pair gained a bullish momentum above the support level of 1.5746, where the pair is trying to reach the level of 1.5883. If the GBP/USD pair manages to make a breakout in that area, the next target would be the 1.6046 level. However, the GBP/USD pair could enter a phase of consolidation in the coming days due to low liquidity expected on the American markets. The MACD remains in the positive territory. Dailychart's resistance levels: 1.5883 / 1.6046 Dailychart's support levels: 1.5746 / 1.5642
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Post by instaforexgertrude on Dec 5, 2014 3:09:28 GMT -5
Technical analysis of USD/CAD for December 5, 2014
Overview: The trading recommendations today will give its impact in the short term. Also, we should remember that history will probably repeat itself at this level again. Thus, according to the previous events, the USD/CAD pair is going to move between 1.1313 and 1.1454. In particular, the double bottom has set at the price of 1.1314 and the support is represented at the same level on H4 chart. Consequently, the trend may fail to close below the strong support at 1.1313. So, buy below the level of 1.1313 with the first target at 1.1418, then it will be continued towards 1.1554 in order to test this strong support. The stop-loss is to be placed below the level of 1.1313. On the other hand, the strong resistance will be formed at the level of 1.1465 (100% Fibonacci retracement levels) providing a clear signal for sell deals with the targets seen at 1.1420 and 1.1393.
Intraday technical levels: Date:5/12/2014 Pair:USD/CAD R3: 1.1463 R2: 1.1430 R1: 1.1406 PP: 1.1373 S1: 1.1349 S2: 1.1316 S3: 1.1292
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Post by instaforexgertrude on Jan 30, 2015 3:14:37 GMT -5
Technical analysis and trading recommendation on USD/JPY for January 30, 2015
The strong US dollar took the pair towards 20Dsma. The US unemployment claims plunged, which gave a strong support to the greenback. In the week ending January 24, the flash figure for seasonally adjusted initial claims was 265,000, a decrease of 43,000 from the previous week's revised level. This is the lowest level for initial claims since April 15, 2000. But the Pending home sales data was disappointing, it declined 3.7%. On the other hand, Japan's retail sales unexpectedly fell in December. Sales declined 0.3% percent from November for a third month in a row. Today, the focus has shifted to US preliminary GDP. The pair has been still consolidating in the same tight range between 118.85 and 117.10 as we discussed in our earlier reports. The prices are trading within a triangle on the h4 chart. In case if the prices managed to give an upside breakout, it can challenge towards 120.50. In yesterday's session the pair managed to close above 34hrsma levels. The prices are facing strong resistance at the 80.0 fib level on the h4-chart. For about 3 hours, the prices have been taking support from the previous swing high at 118.24. We recommend buying at the current price of 118.27 with the targets at 118.50, 118.65, and 118.80. On a positional basis, until the pair holds at 117.00 and trades above 118.85, it can give another stellar show towards 120.00+. In case if the pair breaks below 117.00, it can extend its fall to 115.00 and panic will spark below 115.00. The intraday support levels exists at 118.15 and 117.85. We recommend selling only below 117.85, until bulls have an upper hand.
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Post by instaforexgertrude on Feb 2, 2015 3:30:38 GMT -5
Daily analysis of GBP/USD for February 02, 2015
The GBP/USD pair continues to get more bearish pressure every day. Currently, it's trying to perform a breakout at the support level of 1.5025. This zone has been tested several times, but the pair is still very bearish. However, this outlook could change in the near future, if the GBP/USD pair makes a breakout above the resistance level of 1.5247, where this pair could rise until the resistance level of 1.5491.
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Post by instaforexgertrude on Feb 3, 2015 3:01:03 GMT -5
Daily analysis of GBP/USD for February 03, 2015
On the daily chart, we can see the domination of the bearish bias on the GBP/USD pair. The pressure remains, as the pair is trying to consolidate below the support level of 1.5025. That breakout could take place during this week, when GBP/USD price action shows us that a lower low pattern is fully finished. The MACD indicator remains in the positive territory.During the last session, the GBP/USD pair made a breakout in the 1.5039 zone, where the pair could start to form a solid bearish pattern to continue looking for more lows in the short-term bias. Anyway, our targets on the downside remains placed at the support level of 1.4994 and 1.4957, and this could be possible because the 200 SMA is bearish.Daily chart's resistance levels: 1.5247 / 1.5491 Dailychart's support levels: 1.5025 / 1.4853 H1 chart's resistance levels: 1.5039 / 1.5084 H1 chart's support levels: 1.4994 / 1.4957 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 1.4994, take profit is at 1.4957, and stop loss is at 1.532.
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Post by instaforexgertrude on Feb 4, 2015 3:04:25 GMT -5
Technical analysis of Gold for February 04, 2015
Technical outlook and chart setups: Gold drops to test intermediary lows at $1,250.00 levels as seen here. The metal still remains in control of bulls till prices remain above $1,250.00. It is recommended to remain long and also look to add further positions at current levels. A bullish bounce is expected from current levels, which could push the yellow metal through fresh swing highs and subsequently towards $1,340.00. Please note that the yellow metal had bounced off the fibonacci 0.382 support at $1,250.00 levels earlier and the current drop is still considered as a test. Bulls are poised to rally. Trading recommendations: Remain long, stop at $1,245.00, the target is $1,340.00.
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