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Old 10-10-2015, 01:57 AM
InstaForex Gertrude InstaForex Gertrude is offline
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Default Wave Analysis by InstaForex
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  #2  
Old 01-16-2016, 02:20 AM
InstaForex Gertrude InstaForex Gertrude is offline
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Technical analysis of GBP/JPY for January 15, 2016

GBP/JPY is expected to trade in a lower range as the key resistance is at 169.85. The pair is reversing down and stays below its key resistance at 169.85. Meanwhile, the relative strength index lacks upward momentum. The first target to the downside is set at the horizontal support and overlap at 167. A break below this level would open the way to further weakness towards 166.50.

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 167. A break of that target will move the pair further downwards to 166.50. The pivot point stands at 169.85. 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 170.60 and the second target at 171.35.

Resistance levels: 170.60, 171.35, 172
Support levels: 167, 166.50, 165.75

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  #3  
Old 01-19-2016, 07:42 AM
InstaForex Gertrude InstaForex Gertrude is offline
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Daily analysis of USDX for January 19, 2016

The H1 chart shows that USDX is consolidating above the 200 SMA and the bullish outlook remains unchanged, as the index is trying to break the resistance level at 99.22. It would also break the range where the US dollar has been trapped for several sessions in this month. The MACD indicator is entering negative territory, so be cautious when trading in the long-side below the 99.22 level.

H1 chart's resistance levels: 99.22 / 99.49
H1 chart's support levels: 98.79 / 98.39

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 99.22, take profit is at 99.49, and stop loss is at 98.94.

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Old 01-20-2016, 07:44 AM
InstaForex Gertrude InstaForex Gertrude is offline
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Daily analysis of USDX for January 20, 2016

The USDX is still trading above the 200 SMA on the H1 chart, but the resistance level of 99.22 is rejecting the current price action. Also, we should note that moving average is offering dynamic support at the current stage. However, a breakout above the level of 99.22 will open the doors to test the level of 99.49. The MACD indicator is entering the neutral territory.

H1 chart's resistance levels: 99.22 / 99.49
H1 chart's support levels: 98.79 / 98.39

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USDX breaks with a bullish candlestick; the resistance level is seen at 99.22, take profit is at 99.49, and stop loss is at 98.94.

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Old 01-21-2016, 07:51 AM
InstaForex Gertrude InstaForex Gertrude is offline
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Daily analysis of USDX for January 21, 2016

At the H1 chart, the Index is doing a rebound above the 200 SMA and now we can expect a re-test of the resistance level around the 99.22 level. However, we're still seeing a sideways consolidation in progress above that moving average and we shouldn't discard a possible deep pullback towards the 98.39 level.

H1 chart's resistance levels: 99.22 / 99.49
H1 chart's support levels: 98.79 / 98.39

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 99.22, take profit is at 99.49, and stop loss is at 98.94.

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  #6  
Old 01-22-2016, 07:43 AM
InstaForex Gertrude InstaForex Gertrude is offline
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Daily analysis of USDX for January 22, 2016

The USDX had a very volatile session on Thursday, as the index did a strong pullback after a bullish momentum gained above the 200 SMA on the H1 chart. However, the moving average is still acting as dynamic support and a push higher could move the index to the level of 100.00 in order to test it in a mid-term term. The MACD indicator is in the negative territory.

H1 chart's resistance levels: 99.22 / 99.49
H1 chart's support levels: 98.79 / 98.39

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USDX breaks with a bullish candlestick; the resistance level is seen at 99.22, take profit is at 99.49, and stop loss is at 98.94.

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  #7  
Old 01-23-2016, 02:46 AM
InstaForex Gertrude InstaForex Gertrude is offline
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Technical analysis of USD/CHF for January 22, 2016

The USD/CHF pair is likely to advance further. The intraday technical picture of USD/CHF is positive now after yesterday's strong rebound. A support base around 1.0065 has been formed, which suggests stabilization. Besides, a bullish cross has been identified between the 20-period and 50-period moving averages. The relative strength index is also bullish, displaying upward momentum. Therefore, as long as 1.0065 holds on the downside, further advance is expected to 1.0175 (Jan. 19 top) and 1.0214 in extension.

Trading recommendations:
The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. As long as the price holds above its pivot point, long positions are recommended with the first target at 1.0175 and the second target at 1.0215. In the alternative scenario, short positions are recommended with the first target at 1.0030 if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 0.9990. The pivot point is at 1.0065.

Resistance levels: 1.0175, 1.0215,1.0245
Support levels: 1.0030, 0.9990, 0.9955

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Old 01-26-2016, 06:43 AM
InstaForex Gertrude InstaForex Gertrude is offline
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Daily analysis of USDX for January 26, 2016

USDX has found resistance at the 99.49 level and now we can see a decline towards the support level of 99.22 where the nearest moving average (200) is located . It seems the bullish bias will remain alive, as the index is still trading above that price zone. Besides, there are no significant bearish patterns formations on the road.

H1 chart's resistance levels: 99.49 / 99.69
H1 chart's support levels: 99.22 / 98.97

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD index breaks a bullish candlestick; the resistance level is at 99.49, take profit is at 99.69, and stop loss is at 99.28.

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  #9  
Old 01-28-2016, 07:34 AM
InstaForex Gertrude InstaForex Gertrude is offline
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Technical analysis of EUR/USD for January 28, 2016

When the European market opens, some economic news on the Italian 10-y Bond Auction, Spanish Unemployment Rate, German Prelim CPI m/m, and German Import Prices m/m is due to be released. The US will reveal economic data on the Natural Gas Storage, Pending Home Sales m/m, Durable Goods Orders m/m, Unemployment Claims, and Core Durable Goods Orders m/m. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.0947.
Strong Resistance:1.0941.
Original Resistance: 1.0930.
Inner Sell Area: 1.0919.
Target Inner Area: 1.0894.
Inner Buy Area: 1.0869.
Original Support: 1.0858.
Strong Support: 1.0847.
Breakout SELL Level: 1.0841.

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Old 01-29-2016, 07:06 AM
InstaForex Gertrude InstaForex Gertrude is offline
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Technical analysis of USD/JPY for Januari 29, 2016

In Asia, Japan will release data on the BOJ Press Conference, Housing Starts y/y, BOJ Core CPI y/y, BOJ Outlook Report, Monetary Policy Statement, Prelim Industrial Production m/m, Unemployment Rate, National Core CPI y/y, Tokyo Core CPI y/y, and Household Spending y/y. The US will deliver economic data on the Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, Goods Trade Balance, Employment Cost Index q/q, Advance GDP Price Index q/q, and Advance GDP q/q. So, there is a strong probability that the USD/JPY pair will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Resistance. 3: 119.20.
Resistance. 2: 118.97.
Resistance. 1: 118.74.
Support. 1: 118.45.
Support. 2: 118.22.
Support. 3: 117.99.

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