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Forex news and Analysis from InstaForex
« on: March 10, 2015, 04:26:53 PM »
Dear traders, participants and guests of the portal!

In this thread we present fresh Forex news. Our news contain exhaustive information about topical events and facts of the financial world; we offer international statistical data in order to help you correct and enhance your trading strategy. We also present video news from InstaForex-TV portal. InstaForex-TV channel provides the latest information about fluctuations of currency rates and forecasts their influence on the future movement of currencies. Our news will be especially useful if you prefer intraday trading and use fundamental analysis.


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Forex news and Analysis from InstaForex
« on: March 10, 2015, 04:26:53 PM »

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Re: Forex news and Analysis from InstaForex
« Reply #1 on: March 11, 2015, 10:33:16 AM »
Technical analysis of EUR/USD for March 11, 2015
{alt}

Data on the French final non-farm payrolls q/q are expected to be realesed when the European market opens. The US is going to publish economic data about bank stress test results,the Federal budget balance, and the results of 10-year bond auction. So, EUR/USD will move low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.0760.

Strong Resistance:1.0754.

Original Resistance: 1.0743.

Inner Sell Area: 1.10732.

Target Inner Area: 1.0707

Inner Buy Area: 1.0682.

Original Support: 1.0671.

Strong Support: 1.0660.

Breakout SELL Level: 1.0654.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

« Last Edit: March 11, 2015, 10:35:12 AM by mfoniso »
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Re: Forex news and Analysis from InstaForex
« Reply #2 on: March 12, 2015, 12:59:09 PM »
{alt}

Technical analysis of NZD/USD for March 12, 2015

Overview:

The market of the NZD/USD pair is continuing to show signs of strength following the break at the prices of 0.7260 and 0.7345. Therefore, the resistances of the NZD/USD pair have broken and were turned into supports since yesterday. Moreover, the pair has already formed strong support at the level of 0.7260. So, the market indicates a bullish opportunity at the levels of 0.7260 and 0.7345 with the first target of 0.7391 and continues towards 0.7449 which represents the ratio of 38.2% Fibonacci retracement levels. On the other hand, if the trend can break this level and close below 0.7345, it will be a rather convincing downside momentum. The structure of the fall does not look corrective, for that the market will indicate the bearish opportunity at the price of 0.7345. As a result, it will be a good sign to sell at this level with a range of 0.7345 - 0.7257, but it should be kept in mind that stop loss should never exceed your maximum exposure amounts.

Today:

Major support will be set at the level of 0.7260.

Major resistance will be set at the level of 0.7450.

We expect a new range about 73 pips.

Notes:

If the trend is upward, the strength of the currency will be defined as follows: NZD is in an uptrend and USD is in a downtrend.

Fibonacci retracement is used to determine accurate psychological levels of support and resistance.The period of time should be taken into account.

Fibonacci is in a range trade; it looks like the trend is trapped moving up or down.

If you sell or buy in the long term, you will surely lose your profit. Stop loss should never exceed your maximum exposure amounts. So, your stop loss should be around 53 pips for each position.

« Last Edit: March 18, 2015, 11:39:45 AM by mfoniso »
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Re: Forex news and Analysis from InstaForex
« Reply #2 on: March 12, 2015, 12:59:09 PM »

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Re: Forex news and Analysis from InstaForex
« Reply #3 on: March 13, 2015, 10:32:12 AM »
{alt}

Technical analysis of GBP/USD for March 13, 2015

Trading recommendations:

The market is likely to turn to bearish sentiment from the level of 1.4934 again. Moreover, the daily resistance to the GBP/USD pair is set at the level of 1.4940 in a short term. Therefore, it will be a good sign to sell below 0.14940 with the first target at 1.4850. It will call for downtrend in order to continue its bearish movement towards 1.4790 to form a new double bottom in the H1 chart. Nevertheless, the stop loss should never exceed your maximum exposure amounts; accordingly, the stop loss should be placed above the last bullish wave at the level of 1.5015.

Observations:

According to the previous events, the GBP/USD pair is going to move between 1.4851 and 1.4934 today.

It should be noted that the level of 1.4850 represents the double bottom.

The resistance will be set at the level of 1.5015 this week.

The support has already been placed at the price of 1.4847.

We expect a new range about 95 pips today.

The key level will be set at the level of 1.4900.

« Last Edit: March 18, 2015, 11:38:52 AM by mfoniso »
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Re: Forex news and Analysis from InstaForex
« Reply #4 on: March 16, 2015, 10:57:26 AM »
Technical analysis of EUR/USD for March 16, 2015

When the European market opens, no economic news will be released from the eurozone, but the US will disclose the economic data on TIC Long-Term Purchases, NAHB Housing Market Index, Industrial Production m/m, Capacity Utilization Rate, and Empire State Manufacturing Index. So, amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.0536.

Strong Resistance:1.0529.

Original Resistance: 1.0519.

Inner Sell Area: 1.0509.

Target Inner Area: 1.0484.

Inner Buy Area: 1.0459.

Original Support: 1.0449.

Strong Support: 1.0439.

Breakout SELL Level: 1.0432.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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Re: Forex news and Analysis from InstaForex
« Reply #4 on: March 16, 2015, 10:57:26 AM »

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Re: Forex news and Analysis from InstaForex
« Reply #5 on: March 18, 2015, 11:17:51 AM »
Technical analysis of EUR/USD for March 18, 2015
{alt}

When the European market opens, some economic reports will be released such as the German 10-y Bond Auction, Trade Balance, and the Italian Trade Balance. The US will reveal the economic data too such as the Federal Funds Rate, FOMC Statement, FOMC Economic Projections, and Crude Oil Inventories. So, amid the reports EUR/USD will move with medium to high volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.0647.

Strong Resistance:1.0640.

Original Resistance: 1.0630.

Inner Sell Area: 1.0620.

Target Inner Area: 1.0595.

Inner Buy Area: 1.0570.

Original Support: 1.0560.

Strong Support: 1.0550.

Breakout SELL Level: 1.0543.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

« Last Edit: March 18, 2015, 11:40:52 AM by mfoniso »
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Re: Forex news and Analysis from InstaForex
« Reply #6 on: March 19, 2015, 10:51:31 AM »
{alt}

Technical analysis of USD/JPY for March 19, 2015

In Asia, Japan will release data on all industries activity m/m while the US is expected to publish economic data about natural gas inventories, the CB Leading Index m/m, CB Leading Index y/y, current accounts, and unemployment claims. So, there is a strong probability that the USD/JPY pair will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 120.53.

Resistance. 2: 120.30.

Resistance. 1: 120.06.

Support. 1: 119.77.

Support. 2: 119.54.

Support. 3: 119.30.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
« Last Edit: March 30, 2015, 10:07:07 AM by mfoniso »
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Re: Forex news and Analysis from InstaForex
« Reply #7 on: March 20, 2015, 10:03:34 AM »
{alt}

Technical analysis of GBP/USD for March 20, 2015

Overview:

TThe GBP/USD pair has been trading bearish since yesterday and started dropping form the level of 1.4990. Also, it should be noted that the price of the GBP/USD pair opened below the weekly resistance 1 at the level of 1.4761. Additionally, the double top is set at 1.4926 in H1 chart. Therefore, the market will probably indicate a bearish opportunity at the level of 1.4926 in the short term. According to the previous events, the price is going to move between the levels of 1.4926 and 1.4706. The level of 1.4688 is going to represent the double bottom and strong support is seen at the level of 1.4706. Therefore, the area below 1.4854 (minor resistance) looks for further decline with the first target at the level of 1.4704 and continues towards 1.4688 in order to test the double bottom. However, the stop loss should be placed at the price of 1.4993.

Intraday technical levels:

R3: 1.5260

R2: 1.5135

R1: 1.4940
 
PP: 1.4815

S1: 1.4620

S2: 1.4495

S3: 1.4300
« Last Edit: March 20, 2015, 11:22:49 AM by mfoniso »
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Re: Forex news and Analysis from InstaForex
« Reply #8 on: March 23, 2015, 10:10:13 AM »
{alt}

Technical analysis of USD/JPY for March 23, 2015

In Asia, Japan will not release any economic data. However, the US is expected to publish data on Existing Home Sales. So, there is a strong probability that the USD/JPY pair will move with low volatility at the Asian session, but with low to medium volatility at the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 120.70.

Resistance. 2: 120.46.

Resistance. 1: 120.23.

Support. 1: 119.94.

Support. 2: 119.71.

Support. 3: 119.47

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
« Last Edit: March 30, 2015, 10:06:13 AM by mfoniso »
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Re: Forex news and Analysis from InstaForex
« Reply #9 on: March 27, 2015, 10:24:45 AM »
{alt}

Technical analysis of EUR/USD for March 27, 2015

When the European market opens, economic data on Italian Retail Sales m/m and German Import Prices m/m are expected to be released.The US will publish economic data about the revised UoM inflation expectations, revised UoM consumer sentiment, final GDP index q/q, final GDP q/q, and the Fed Chair Yellen's speech. So, EUR/USD will move low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.0936.

Strong Resistance:1.0930.

Original Resistance: 1.0919.

Inner Sell Area: 1.0908.

Target Inner Area: 1.0883.

Inner Buy Area: 1.0858.

Original Support: 1.0847.

Strong Support: 1.0836.

Breakout SELL Level: 1.0830.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
« Last Edit: March 30, 2015, 10:05:22 AM by mfoniso »
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Re: Forex news and Analysis from InstaForex
« Reply #10 on: March 30, 2015, 09:53:56 AM »
{alt}

Technical analysis of USD/JPY for March 30, 2015

In Asia, Japan is expected to release the Prelim Industrial Production m/m. The US will release economic data on Pending Home Sales m/m, Personal Income m/m, Personal Spending m/m, and Core PCE Price Index m/m. So, there is a strong probability that the USD/JPY pair will move with low volatility during the Asian session, but with low to medium volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 119.80.

Resistance. 2: 119.57.

Resistance. 1: 119.34.

Support. 1: 119.04.

Support. 2: 118.81.

Support. 3: 118.57.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

« Last Edit: March 30, 2015, 10:03:46 AM by mfoniso »
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Re: Forex news and Analysis from InstaForex
« Reply #11 on: April 01, 2015, 10:35:57 AM »
{alt}

Technical analysis of GBP/CHF for April 01, 2015

Technical outlook and chart setups:

The GBP/CHF pair is seen to be stalled just above the level of 1.4400 as depicted on the 4H chart view. The pair could resume its downswing and target 1.4000 in the sessions to come. It is therefore recommended to take profits on long positions initiated earlier and remain flat for now. Immediate support is seen at 1.4200 (interim) followed by 1.4000, 1.3850, and lower, while resistance is seen at 1.4630 followed by 1.4800, 1.4950, and higher respectively. A bearish signal at the current levels would confirm that bears would resume the down swing.

Trading recommendations:

Book profits on long positions taken earlier.

Good luck!
« Last Edit: April 01, 2015, 10:37:01 AM by mfoniso »
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Re: Forex news and Analysis from InstaForex
« Reply #12 on: April 02, 2015, 09:49:51 AM »
{alt}

Technical analysis of EUR/USD for April 02, 2015

When the European market opens, economic about the ECB Monetary Policy Meeting Accou and French 10-y Bond Auction are due for release.The US will publish dataon the Natural Gas Storage, Factory Orders m/m, Unemployment Claims, Trade Balance, and Challenger Job Cuts y/y. So, amid the reports, EUR/USD will move low tomedium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.0821.

Strong Resistance:1.0815.

Original Resistance: 1.0804.

Inner Sell Area: 1.0793.

Target Inner Area: 1.0768.

Inner Buy Area: 1.0743.

Original Support: 1.0732.

Strong Support: 1.0721.

Breakout SELL Level: 1.0715.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
« Last Edit: April 02, 2015, 10:07:11 AM by mfoniso »
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Re: Forex news and Analysis from InstaForex
« Reply #13 on: April 07, 2015, 10:45:56 AM »
{alt}

Technical analysis of USD/JPY for April 07, 2015

In Asia, Japan is not expected to release any economic data. However, the US will publish data about Consumer Credit m/m, IBD/TIPP Economic Optimism, and JOLTS Job Openings. So, there is a strong probability that the USD/JPY pair will move with low volatility during the Asian session, but with low to medium volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 120.18.

Resistance. 2: 119.94.

Resistance. 1: 119.71.

Support. 1: 119.42.

Support. 2: 119.19.

Support. 3: 118.95.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
« Last Edit: April 07, 2015, 11:02:57 AM by mfoniso »
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Re: Forex news and Analysis from InstaForex
« Reply #14 on: April 08, 2015, 12:33:28 PM »
{alt}

Technical analysis of NZD/USD for April 08, 2015

Fundamental overview:

NZD/USD is expected to trade in a higher range. It is undermined by positive dollar sentiment (ICE spot dollar index last 97.91 versus 97.07 early Tuesday) as more-than-expected 5.133 million US job openings in February (versus forecast of 5.01 million), a rise in the US IBD/TIPP economic optimism index to 51.3 in April from 49.1 in March, and larger-than-expected $15.52 billion increase in the US February consumer credit (versus forecast +$12.0 billion) bolster belief that last Friday's weak US March non-farm payrolls report was an aberration and that the US economy will regain momentum after the first quarter, subdued investor risk appetite, weak dairy prices and kiwi sales on buoyant AUD/NZD cross. But NZD/USD losses are tempered by the NZD-USD interest differential.

Technical comment:

The daily chart is mixed as the MACD is turning bearish, but stochastics is neutral.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a wider range as far as it remains above its pivot point. As long as the price keeps above its pivot point, long positions are recommended with the first target at 0.7620 and the second target at 0.7665. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 0.7460. A break of this target would push the pair further downwards, and one may expect the second target at 0.7420. The pivot point is at 0.7510.

Resistance levels:

0.7620

0.7665

0.7695

Support levels:

0.7460

0.7420

0.7375
« Last Edit: April 08, 2015, 11:48:19 PM by mfoniso »
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Re: Forex news and Analysis from InstaForex
« Reply #15 on: April 09, 2015, 05:26:03 PM »
{alt}

Technical analysis of GBP/JPY for April 09, 2015

Fundamental overview:
GBP/JPY is expected to trade in a lower range. It is undermined by the weak EUR/USD undertone and Japan exporter sales. But GBP/JPY losses are tempered by improved investor risk appetite and demand from Japan importers. GBP/JPY is supported by M&A news (Petroleum giant Royal Dutch Shell PLC agreed to buy BG Group PLC for GBP47 billion), improved investor risk sentiment, and sterling demand on soft EUR/GBP cross .

Technical comment:
The daily chart is mixed as the MACD is bullish, but stochastics is turned bearish.

Trading recommendations:
The pair is trading below its pivot point. It is likely to trade in a lower range as far as it remains below the pivot point. Short positions are recommended with the first target at 177.05. A break of that target will move the pair further downwards to 176.75. The pivot point stands at 178.45. 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 179.05 and the second target at 179.30.

Resistance levels:
179.05
179.30
179.75

Support levels:
177.05
176.75
176
« Last Edit: April 09, 2015, 05:58:17 PM by mfoniso »
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Re: Forex news and Analysis from InstaForex
« Reply #16 on: April 10, 2015, 09:57:06 AM »
{alt}

Elliott wave analysis of EUR/NZD for April 10 - 2015

Technical summary:

The break below 1.4128 invalidated the possibility of a new impulsive rally being in motion. We changed our short-term count, which calls for a final decline closer to 1.3867 now and even 1.3687 before a firm bottom could be in place. In the short term, we will look for resistance at 1.4130 and again at 1.4193, which we expect to protect the upside for the next part of the decline closer to 1.3867 and likely even lower to 1.3687.

Trading recommendation:

Sell EUR near 1.4193 with stop placed at 143.00 and place take profit at 1.3875.
« Last Edit: April 10, 2015, 02:50:15 PM by mfoniso »
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Re: Forex news and Analysis from InstaForex
« Reply #17 on: April 13, 2015, 09:36:49 AM »
{alt}

Technical analysis of Gold for April 13, 2015

Technical outlook and chart setups:

Gold is seen to be trading at the levels of $1,204.00/05.00 for now and is likely to be pushed higher towards $1,240.00/50 in the coming sessions. Immediate intermediary support is seen at $1,192.00 followed by $1,178.00, $1,162.00, and lower, while resistance is seen at $1,240.00/50.00 followed by $1,285.00, and higher respectively. It is recommended to remain long for now, with risk below $1,170.00. Bulls should be poised to push at higher levels untill prices stay above $1,170.00 from here on.

Trading recommendations:

Remain long for now, stop at $1,170.00, target is open. Good luck!
« Last Edit: April 13, 2015, 10:51:27 AM by mfoniso »
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Re: Forex news and Analysis from InstaForex
« Reply #18 on: April 14, 2015, 10:30:08 AM »
{alt}

Technical analysis of USD/CHF for April 14, 2015

Fundamental overview:

USD/CHF is expected to consolidate with risks skewed lower after hitting a three-week high of 0.9863 on Monday. It is undermined by the franc demand on cross trades versus major currencies. But USD/CHF losses are tempered by the broadly firm dollar undertone, negative Swiss interest rates, and threat of the Swiss National Bank CHF-selling intervention.

Technical comment:

The daily chart is still positive-biased as the MACD and stochastics are bullish, although the latter is at overbought levels, five-day moving average above is 15-day moving average and is advancing.

Trading recommendations:

The pair is trading below its pivot point. It is likely to trade in a lower range as far as it remains below the pivot point. Short positions are recommended with the first target at 0.9720. A break of that target will move the pair further downwards to 0.9665. The pivot point stands at 0.9810. 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 0.9870 and the second target at 0.9940.

Resistance levels:

0.9870
 
0.9940

0.9985

Support levels:

0.9720

0.9665

0.9595
« Last Edit: April 14, 2015, 11:04:39 AM by mfoniso »
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Re: Forex news and Analysis from InstaForex
« Reply #19 on: April 15, 2015, 10:59:23 AM »
{alt}

Technical analysis of EUR/USD for April 15, 2015

When the European market opens, economic data about Minimum Bid Rate, ECB Press Conference, German 10-y Bond Auction, Trade Balance, French CPI m/m, and German Final CPI m/m are due for release.The US will publish economic data on the TIC Long-Term Purchases, Beige Book, Crude Oil Inventories, NAHB Housing Market Index, Industrial Production m/m, Capacity Utilization Rate, and Empire State Manufacturing Index. So, EUR/USD will move low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.0697.

Strong Resistance:1.0690.

Original Resistance: 1.0680.

Inner Sell Area: 1.0670.

Target Inner Area: 1.0645.

Inner Buy Area: 1.0620.

Original Support: 1.0610.

Strong Support: 1.0600.

Breakout SELL Level: 1.0593.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
« Last Edit: April 15, 2015, 06:08:01 PM by mfoniso »
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Re: Forex news and Analysis from InstaForex
« Reply #20 on: April 16, 2015, 11:53:21 AM »
Elliott wave analysis of EUR/NZD for April 16 - 2015

Technical summary:

We are very close to make new lows for the year. A decline from 1.4206 is not very pretty and can be described as a series of waves one and two. In this case, we should expect a powerful decline soon, as a series of wave three needs to unfold. Only a break above 1.4148 will invalidate this outlook and indicate that the decline from 1.4206 was corrective and we should see a new rally to at least 1.4206 and even to 1.4237.

Trading recommendation:

We sold EUR at 1.4145 and moved our stop lower to 1.4155. If you are not short EUR yet, sell near 1.4105 with the same stop at 1.4155 and place take profit at 1.3920 in both cases.


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Re: Forex news and Analysis from InstaForex
« Reply #21 on: April 17, 2015, 09:54:33 AM »
Elliott wave analysis of EUR/NZD for April 17 - 2015

Technical Summary:
We have seen a new low at 1.3979 and wave five decline can be counted from 1.4547. So, we are getting closer to the bottom. However, as long as minor resistance at 1.4105 is protecting the upside, we will be looking for a move lower towards 1.3867 and maybe even lower to 1.3687 before the final low is in place. A break above 1.4105 is likely to be the first indication that a bottom could be in place.

Trading recommendation:

We are short EUR from 1.4145 and will move our stop+reverse of the EUR position lower to 1.4115. If our stop+reverse is hit at 1.4115 our new stop will be placed 5 pips below the bottom.

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Re: Forex news and Analysis from InstaForex
« Reply #22 on: April 20, 2015, 09:00:44 AM »
Technical analysis of Gold for April 20, 2015

Technical outlook and chart setups:

Gold is seen to be trading around the level of $1,204.00 at the moment and could be preparing to break higher. The metal seems to have a higher low around $1,182.00/83.00 already formed and bulls are likely to be poised to remain in control until prices stay above that level. It is recommended to remain long with risk at the level of $1,170.00 . Immediate support is seen at $1,183.00 (interim), followed by $1,178.00, $1,162.00, and lower while resistance is seen through $1,240.00/50.00 followed by $1,180.00 and higher respectively.

Trading recommendations:

Remain long, stop at $1,170.00, a target is open.
 
Good luck!

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Offline InstaForexNigeria

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Re: Forex news and Analysis from InstaForex
« Reply #23 on: April 21, 2015, 09:05:01 AM »
Elliott wave analysis of EUR/NZD for April 21 - 2015

Technical summary:

we will be looking for a decline closer to 1.3867 and maybe even lower to 1.3687 as long as minor resistance at 1.4082 keeps protecting the upside. But a decline from 1.5821 is observed in five waves now and is well advanced, so a bottom could be found anytime soon. In the short term, we will focus on the downside as long as minor resistance at 1.4082 keeps protecting the upside. Any break above 1.4082 will shift our attention towards the upside for a strong rally towards 1.4569 as the first upside target.

Trading recommendation:

We are short EUR from 1.4145 and will move our stop+reverse lower to 1.4090.

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Re: Forex news and Analysis from InstaForex
« Reply #24 on: April 22, 2015, 09:36:26 AM »
{alt}

Technical analysis of EUR/USD for April 22, 2015

When the European market opens, some economic data on Consumer Confidence and Italian Retail Sales m/m. The US will release economic data on Crude Oil Inventories, Existing Home Sales, and HPI m/m. So, EUR/USD will move low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.0790.

Strong Resistance:1.0784.

Original Resistance: 1.0773.

Inner Sell Area: 1.0762.

Target Inner Area: 1.0737.

Inner Buy Area: 1.0712.

Original Support: 1.0701.

Strong Support: 1.0690.

Breakout SELL Level: 1.0684.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Read more: https://www.instaforex.com/forex_analysis/59574/
« Last Edit: April 27, 2015, 11:45:43 AM by mfoniso »
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