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Offline Instaforexbuk

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forex technical analysis and news from instanforex
« on: June 24, 2016, 11:36:35 AM »
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forex technical analysis and news from instanforex
« on: June 24, 2016, 11:36:35 AM »

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Re: forex technical analysis and news from instanforex
« Reply #1 on: June 27, 2016, 01:23:04 PM »
Technical analysis of EUR/USD for June 27, 2016

Overview:
The EUR/USD pair has dropped sharply from the level of 1.1427 towards 1.0911. Now, the price is set at 1.1007 to act as a daily pivot point. It should be noted that volatility is very high for that the EUR/USD pair is still moving between 1.1025 and 1.0911 in coming hours. Furthermore, the price has been set below the strong resistance at the levels of 1.1025 and 1.1104, which coincides with the first resistance and the 61.8% Fibonacci retracement level, respectively. Additionally, the price is in a bearish channel now. Amid the previous events, the pair is still in a downtrend. From this point, the EUR/USD pair is continuing in a bearish trend from the new resistance of 1.1025. Thereupon, the price spot of 1.1025 and 1.1104 remains a significant resistance zone. Therefore, a possibility that the EUR/USD pair will have downside momentum is rather convincing and the structure of a fall does not look corrective. In order to indicate a bearish opportunity below 1.1025, sell below 1.1025 with the first targets at 1.0950 and 1.0911 (double bottom is seen at 1.0911). However, the stop loss should be located above the level of 1.1150.
Comment:
 Volatility: 576.32. As a rule, the market will be highly volatile if the last week has a huge volatility. The strength of the trend is bearish. The risk of 168 pips should make a profit of 252 pips (risk to reward ratio of 1:1.5 is recommended).
RECOMMENDATION:
The risk of 168 pips should make a profit of 252 pips risk to reward ratio of 1:1.5

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Re: forex technical analysis and news from instanforex
« Reply #2 on: June 28, 2016, 08:38:56 AM »
Silver Technical Analysis for June 28, 2016.

Technical outlook and chart setups:
Silver is seen to be trading at $17.60/70 levels at this moment, after easing out from $18.30 levels last week. The metal has been drifting sideways since then in a dropping wedge format. The immediate wave structure indicates that Silver is trading above its trend line support for now and remains in control of bulls. Also note that fibonacci 0.618 support comes in at $17.50 levels and a bullish bounce there, would encourage further confidence on bullish side. On the flip side, a break below $17.00/10 levels now would confirm that a meaningful top might have been in place and the metal is set for a medium term correction. It is hence recommended to remain flat for now, waiting for further evidence. Immediate support is seen at $17.50 levels, while resistance is seen at $18.30 levels respectively.


RECOMMENDATION:
Remain flat for now.

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Re: forex technical analysis and news from instanforex
« Reply #3 on: June 29, 2016, 10:19:59 AM »
Daily analysis of EUR/USD for June 29, 2016

RECOMMENDATION:

This market is bearish – there is a Bearish Confirmation Pattern on the chart. The EMA 11 is below the EMA 56, and the Williams' % Range period 20 is not too far from the oversold region. Long trades are not yet recommended here unless the price goes upwards by about 200 pips.

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Re: forex technical analysis and news from instanforex
« Reply #4 on: June 30, 2016, 01:43:58 PM »
Technical analysis of EUR/USD for June 30, 2016





When the European market opens, some economic news will be released such as the ECB Monetary Policy Meeting Accounts, Italian 10-y Bond Auction, Italian Prelim CPI m/m, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, German Unemployment Change, French Prelim CPI m/m, French Consumer Spending m/m, and German Retail Sales m/m. The US will release economic data too such as the Natural Gas Storage, Chicago PMI, and Unemployment Claims. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1176.
Strong Resistance: 1.1170.
Original Resistance: 1.1159.
 Inner Sell Area: 1.1148.
Target Inner Area: 1.1122.
Inner Buy Area: 1.1096.
Original Support: 1.1085.
Strong Support: 1.1074.
 Breakout SELL Level: 1.1068.

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 technical analysis and news from instanforex
« Reply #5 on: July 01, 2016, 02:32:19 PM »
Intraday technical levels and trading recommendations for GBP/USD for July 1, 2016




   Since January 2016, bullish persistence above 1.4500 was mandatory to maintain enough bullish strength in the market.
  However, the previous weekly candlesticks maintained their bearish persistence below the depicted weekly supply zone (below 1.4470), which allowed further bearish decline to occur.
The prominent demand level located at 1.3845 (historical bottom that goes back to March 2009) provided a significant bullish rejection and a bullish engulfing weekly candlestick on February 26.
   Bullish fixation above 1.4670 allowed further bullish advancement initially towards 1.4950 (Weekly Supply) where significant bearish rejection was expressed. The price zone between 1.3845 and 1.3550 (Historical bottoms in January 2009) was considered a significant demand zone to be watched for bullish recovery. However, temporary bearish breakdown below 1.3550 is currently manifested on the depicted charts.
   Note that the price zone of 1.3845-1.4040 now constitutes a recent Supply Zone to be watched for new SELL entries if the current bullish pullback extends above 1.3550.
   On the other hand, bearish persistence below the demand level at 1.3550 enhances the bearish scenario. Bearish decline towards 1.3050 (the nearest bearish projection target) should be expected then.

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Re: forex technical analysis and news from instanforex
« Reply #6 on: July 04, 2016, 01:50:23 PM »
Technical analysis of USD/JPY for July 04, 2016



USD/JPY is expected to trade under pressure. On Friday, U.S. stock indices posted the modest gains giving a winning streak of four straight sessions. Trading volume was very light ahead of the long weekend (U.S. markets are closed on Monday, July 4 for the Independence Day). The Dow Jones Industrial Average edged up 0.1% to 17,949 and the Nasdaq Composite was up 0.4% to 4,862. The S&P 500 stepped up 0.2% to 2,102, bringing its four-day advance to 5.1% and posting its best week since November. Automobile, retailing, and pharmaceutical & biotech shares advanced the most. The European stocks continued to score, with the Stoxx Europe 600 rising 0.7%. The benchmark U.S. 10-year treasury yield sank to a record intraday low of 1.385% before closing at 1.446%, down from 1.492% on Thursday. Gold surged 1.5% to $1,342 an ounce, while silver soared 5.6% to $19.74 an ounce. Meanwhile Nymex crude oil rebounded 1.4% to $48.99 a barrel. On the economic front, the ISM Manufacturing Index posted 53.2 in June (vs. 51.3 expected, 51.3 in May), and the Markit U.S. Manufacturing PMI was at 51.3 in June (vs 51.2 expected, 50.7 in May). In the forex trading, the U.S. dollar weakened broadly against other major currencies. EUR/USD rose 0.3% to 1.1135 and USD/JPY fell 0.7% to 102.51. On the other hand, the British pound kept showing a lack of upward momentum, with GBP/USD declining 0.3% further to 1.3261. Commodities-linked currencies strengthened further. USD/CAD edged down 0.1% to 1.2915 in a volatile session marking a day-high at 1.2974 and a day-low at 1.2859. NZD/USD gained 0.5% to 0.7167, advancing 2.5% in a four-day winning streak. AUD/USD rose 0.6% to 0.7492 on Friday, but came under pressure this morning as the latest federal election in Australia has not resulted in a clear majority for Prime Minister Malcolm Turnbull's Liberal Party-led coalition or the opposition Labor Party.The pair broke below a bullish trend line drawn from June 27 and breached the key support at 102.55 on Friday, turning the intraday outlook bearish. Currently, it remains capped by the descending 50-period (30-minute chart) moving average, while the 20-period moving average stands below the 50-period one. As long as the bearish bias persists, the pair would post choppy price action targeting 102.15 on the downside.

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 102.15. A break below this target will move the pair further downwards to 101.70. The pivot point stands at 103. 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 103.40 and the second one, at 104. Resistance levels: 103.40, 104.00, 105.00 Support levels: 102.15, 101.70, 101.40


instaforex

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Re: forex technical analysis and news from instanforex
« Reply #7 on: July 08, 2016, 12:14:50 PM »
Technical analysis of NZD/USD for July 08, 2016



NZD/USD is expected to trade in higher range as pair will prevail its upside movement. The pair broke above its 20-period moving average with strong momentum and is heading upwards. The rising 50-period moving average maintains the upside bias. Furthermore, the pair also broke above the upper boundary of the Bollinger Band, which could signal a continuation of bullish acceleration. Meanwhile, a support base has formed around 0.7200, which should limit the downside potential. As long as 0.7200 is support, look for further upside toward 0.7300 and 0.7330 in extension. Recommendation: 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. Therefore, long positions are recommended with the first target at 0.7300 and the second one, at 0.7330. In the alternative scenario, short positions are recommended with the first target at 0.7170 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 0.7135. The pivot point is at 0.7200.

Resistance levels: 0.7300, 0.7330, 0.7375

Support levels: 0.7170, 0.7135, 0.7075

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Re: forex technical analysis and news from instanforex
« Reply #8 on: July 11, 2016, 02:04:21 PM »
Global macro overview for 11/07/2016

Global macro overview for 11/07/2016:

The crude oil production in the USA decreased to the lowest level since May 2014. The Energy Information Administration report showed, that the US oil production slipped 194K barrels a day to 8.43M in the week ended July 1. Moreover, the output decreased 12% from June 2015, when the prices of crude oil were above $60 a barrel. The US oil production looks weak, but so far a decline in stockpiles was only moderate. Nevertheless, this situation can be changed very fast if drillers keep returning rigs to their fields as the number of active oil rigs in the US increased in five of the past six weeks.

   Let's now take a look at the crude oil technical picture in 4H time frame. The price is trading below the 55, 100, and 200 moving average and recently another lower low in the sequence was made as well. Currently, the most important level is the technical resistance at the level of 45.83. If the bull camp is too weak to violate this level, the next support is seen at the level of 43.18.




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Re: forex technical analysis and news from instanforex
« Reply #9 on: July 12, 2016, 01:36:29 PM »
USD/CAD intraday technical levels and trading recommendations for July 12, 2016







On May 16, a bullish pullback towards 1.3000 (61.8% Fibonacci level) was expected to offer a valid signal to sell the USD/CAD pair. However, a lack of significant bearish rejection was manifested during recent consolidations.
 
On May 18, temporary bullish fixation above 1.3000 (61.8% Fibonacci level) opened the way towards the 1.3180 level where significant bearish pressure was originated.
 
Bearish persistence below 1.3000-1.2970 (61.8% Fibonacci level) was needed to enhance bearish momentum in the market.
 
However, recent signs of bullish recovery were manifested around the price level of 1.2650 on June 9.
 
The current bullish pullback towards the price level of 1.3000-1.3070 (61.8% Fibonacci level) should be considered as another SELL entry.

 S/L should be placed above 1.3150. Initial T/P levels should be located at 1.2820 and 1.2710.

 Please note that daily fixation above 1.2980 (61.8% Fibonacci level) allows for a quick bullish movement towards 1.3300 (50% Fibonacci Level).

On the other hand, the price zone of 1.2400-1.2500 constitutes a significant support zone to be watched for BUY entries when enough bearish pressure is applied below 1.2650.


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Re: forex technical analysis and news from instanforex
« Reply #10 on: July 13, 2016, 02:19:20 PM »
Technical analysis of Gold for July 13, 2016

Gold continued lower yesterday breaking short-term support and the NFP low at $1,335. The short-term trend is bearish but a bounce back towards $1,350 is justified for today. However, it seems that gold is heading towards the $1,300 level where the 38% Fibonacci retracement of the latest rise is found.



Blue lines - bullish channel
The gold price remains inside the bullish channel and has entered the 4-hour Kumo (cloud). The short-term trend is not bullish. The trend is about to change to bearish, and a confirmation will come once the price breaks below $1,328. Short-term resistance is at the $1,350-60 area.




The entire rise from $1,045 lows could very well be complete. A pullback towards the 38% or even 61.8% Fibonacci retracement is very possible. A pullback towards the weekly Kumo is possible if a top is in place. Current price action with the rejection at the upper boundary of the megaphone pattern is a bearish sign. My longer-term view remains bullish.

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Re: forex technical analysis and news from instanforex
« Reply #11 on: July 14, 2016, 02:51:36 PM »
Technical analysis of GBP/JPY for July 14, 2016




GBP/JPY is expected to trade with a bullish bias above 139.55. European stocks halted their recent rally, with the Stoxx Europe 600 declining 0.1%. The British pound fell against the US dollar yesterday after rising 2.6%, or 335 pips, in a winning streak that spanned the prior three sessions, as the focus turned to the Bank of England's meeting tonight, where it is widely expected that the central bank would lower its key interest rate to 0.25% from 0.50% and launch another round of quantitative easing to shield the economy from the fallout of last month's Brexit vote. The pair stays above 136.10 and remains on the upside. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Further upside is expected with 139.55 and 141.00 as targets

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. Therefore, long positions are recommended with the first target at 139.55 and the second one, at 141.00. In the alternative scenario, short positions are recommended with the first target at 134.85 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 133.70. The pivot point is at 136.10.

Resistance levels: 139.55, 141.00, 142
Support levels: 134.85, 133.70, 133.00


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Re: forex technical analysis and news from instanforex
« Reply #12 on: July 15, 2016, 02:35:04 PM »
Intraday technical levels and trading recommendations for EUR/USD for July 15, 2016



 In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 where historical bottoms were previously set in July 2012 and June 2010. Hence, a long-term bearish target was projected towards 0.9450.

 In March 2015, the EUR/USD bears challenged the next monthly demand level around 1.0570, which had been previously reached in August 1997.

 Later in April 2015, a strong bullish recovery was observed around the mentioned demand level. However, the next monthly candlesticks (September, October, and November) reflected a strong bearish rejection around the area of 1.1400-1.1500.

 Again, in February 2016, the depicted price levels around 1.1400-1.1500 acted as a significant supply zone during the bullish pullback.

 That is why the recent bearish rejection was expected around the current price levels (note the monthly candlesticks of May and June). In the long term, the level of 0.9450 will remain a projected bearish target if the current monthly candlestick comes to close below the depicted monthly demand level of 1.0570.

 On the other hand, note that a monthly candlestick closure above 1.1400 invalidates this bearish outlook on an intermediate-term basis (low probability).



Similar to what happened in October 2015, the supply zone of 1.1410-1.1550 constituted a significant resistance zone for the EUR/USD pair.

 Later on May 18, daily persistence below the levels of 1.1400 and 1.1200 was needed to ensure enough bearish momentum towards the 1.1100 and 1.1000 levels. However, a lack of bearish pressure was manifested on June 1.

 Hence, the recent bullish closure above 1.1200 enhanced further bullish advancement towards 1.1400 where evident signs of a bearish rejection and a valid SELL entry were previously suggested. That's why an obvious bearish breakdown of 1.1200 took place on June 16.

 However, the evident bullish rejection around 1.1130 (depicted uptrend line) brought the EUR/USD pair above 1.1200 again.

 As anticipated, the recent bullish pullback towards the zone of 1.1400 offered a valid SELL entry. All T/P levels were successfully reached.

 The long-term outlook for the EUR/USD pair remains bearish as the monthly chart illustrates. Bearish fixation below 1.1000 is needed to enhance this bearish scenario.

 However, the price zone of 1.1000-1.0950 (previous consolidation range) constituted a demand zone to offer a short-term BUY entry. T/P levels are to be located at 1.1110, 1.1180, and 1.1220.

 Price action should be watched around the price level of 1.1200 for a valid SELL entry if the bullish pullback extends above 1.1100.

 On the other hand, bearish fixation below 1.1000 allows for a quick bearish decline towards 1.0820 where price action should be considered.

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Re: forex technical analysis and news from instanforex
« Reply #13 on: July 18, 2016, 10:28:28 AM »
Technical analysis of EUR/JPY for July 18, 2016

General overview for 18/07/2016:

 The market is still trading in a narrow congestion zone between the intraday support at the level of 116/29 and intraday resistance at the level of 118.40. The anticipated wave b is currently unfolding, and a choppy wave development is expected during this cycle. The key level to the downside is a technical support at the level of 114.75.
Support/Resistance:
122.91 - WR2
122.67 - Technical Resistance
120.11 - WR1
118.40 - Intraday Resistance
116.39 - Intraday Support
115.54 - Weekly Pivot
114.75 - Technical Support
112.85 - WS1
110.83 - Technical Support

Trading recommendations: Due to the unclear outlook, investors should refrain from trading and wait for a better trading setup to occur shortly.

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Re: forex technical analysis and news from instanforex
« Reply #14 on: July 19, 2016, 08:59:56 AM »
Technical analysis of USD/CHF for July 19, 2016



USD/CHF is expected to trade in a higher range as the bias remains bullish. The pair retains the positive outlook after it has broken the descending trend line since July 13. A support base at 0.9780 has been formed and should limit downside attempts. In addition, the relative strength index is still above its neutrality area at 50 and lacks downward momentum. To conclude, as long as 0.9780 is not broken, we are still positive and expect a new rebound to 0.9875 at first, and then even to 0.99.
 As long as 0.9780 is support, look for further upside movement towards 0.9875 and even 0.99 in extension.

Resistance levels: 0.9875, 0.9900, 0.9945

Support levels: 0.9760, 0.9735, 0.9700

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Re: forex technical analysis and news from instanforex
« Reply #15 on: July 20, 2016, 12:28:27 PM »
Technical analysis of EUR/JPY for July 20, 2016


General overview for 20/07/2016:

As the level of 116.41 is providing good support for the price, it has been tested two times already. Another lower high had been made in this market as well, so now wave c should be currently unfolding, and a choppy wave development is expected during this cycle. The key level to the downside is a technical support at the level of 114.75.

Support/Resistance:

122.91 - WR2

122.67 - Technical Resistance

120.11 - WR1

118.40 - Intraday Resistance

116.41 - Intraday Support

115.54 - Weekly Pivot

114.75 - Technical Support

112.85 - WS1

110.83 - Technical Support

Trading recommendations:

Due to the unclear outlook, investors should refrain from trading and wait for a better trading setup to occur shortly.



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Re: forex technical analysis and news from instanforex
« Reply #16 on: July 21, 2016, 11:00:23 AM »
Silver Technical Analysis for July 21, 2016.



Technical outlook and chart setups:

 Silver is seen to be trading lower at $19.25 levels for now, looking to form a bottom around $18.50/19.10 levels. The metal has dropped beyond our projection, but it looks to be forming a flat, and minimum expectations are below $19.00 levels. Please note that a meaningful top is already in place at $21.13 levels, and bears would remain in control till prices stay below. The wave structure also indicates that a break below the trend line support would be extremely encouraging for bears going forward. It is recommended to remain flat for now and look to go short at higher levels. Immediate interim support is seen at $19.20 levels, while resistance is at $21.13 levels respectively. Trading recommendations:

Book short-term profits on short positions taken earlier and remain flat.

Good luck!

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Re: forex technical analysis and news from instanforex
« Reply #17 on: July 22, 2016, 10:13:51 AM »
NZD/USD Trading Recommendations 22nd July 2016

We are seeing a very perfect 5 wave down elliott wave structure. We are playing the graphical overlap resistance at 0.7015 as our main selling area for a drop down to 0.6920 (wave 5 projection).
 We're keeping a tight stop loss at 0.7040 to give us a low-risk high-reward trade. We can see stochastics reversing below our 81% resistance level too.



Trading Recommendations:
Sell now and below 0.7015
Stop loss at 0.7040
Take profit at 0.6920

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Re: forex technical analysis and news from instanforex
« Reply #18 on: July 25, 2016, 01:12:30 PM »
Gold analysis for July 25, 2016



Since our previous analysis, gold has been trading downwards. The price tested the level of $1,313.38 in a high volume. According to the 30M time frame, I found a sign of strength in the background. There is a climax bar and very high volume down bar but closed in the middle. I saw successful testing of supply, which is a sign that sellers look risky. I have placed Fibonacci expansion to find potential upward targets. I got Fibonacci expansion 100% at the price of $1,319.50 and Fibonacci expansion 161.8% at the price of $1,323.00.


Daily Fibonacci pivot points:

Resistance levels:

R1: 1,331.15

R2: 1,331.80

R3: 1,332.85

Support levels:

S1: 1,329.00

S2: 1,328.30

S3: 1,327.30

Trading recommendations for today:

selling looks risky, watch for buying opportunities.


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Re: forex technical analysis and news from instanforex
« Reply #19 on: July 26, 2016, 03:11:15 PM »
Silver Technical Analysis for July 26, 2016.



Technical outlook and chart setups:

Silver is seen to be trading at $19.60 levels for now, after having bottomed out around $19.30 levels yesterday. Please note that Silver produced a huge bullish engulfing candlestick pattern right after hitting lows at $19.30 levels, indicating a potential reversal ahead. The metal looks poised to rally from here towards at least $20.40/50 levels as depicted on the hourly chart here. Bulls are expected to remain in control in the short term, before the metal carves out a lower top ahead of $21.13 levels. Please also note that a meaningful top is already in place at $21.13 levels and that prices should remain well capped below the same level. The wave structure also indicates that a flat trend is underway and the metal is expected to turn lower from around $20.50/80 levels. It is recommended to remain flat for now and look to go short at higher levels; aggressive traders may remain long with risk below $19.25 levels. Immediate interim support is seen at $19.20 levels, while resistance is at $21.13 levels respectively.

Trading recommendations: No change. Aggressive traders may remain long, stop below $19.25. Conservative traders look to go short at $20.50/80 levels.

Good luck!
Best Regards,
PR Manager
InstaForex Companies Group

Offline Instaforexbuk

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Re: forex technical analysis and news from instanforex
« Reply #20 on: July 27, 2016, 02:54:08 PM »
Technical analysis of Gold for July 27, 2016

Gold price continues trading sideways and remains below short-term resistance levels. Once the trading range of $1,310-$1,325 is broken we will see either a move towards $1,280 or $1,350.



Red line - resistance trend line

 Gold price is below the red trend line resistance and below the 4 hour Kumo. The trend will change only if price breaks above $1,350. The short-term trend will change to neutral only if price breaks above $1,325. Support is at $1,310. Breaking below that level will open a move towards $1,280.




Blue lines - bullish channel

Gold price has started the correction of the entire rise from $1,045. A pullback towards $1,200-$1,180 is very possible. However, for this scenario to come true we first need to see a weekly close below $1,250. My longer-term view remains bullish and any pullback towards $1,200-$1,170 will be a gift for bulls.

Best Regards,
PR Manager
InstaForex Companies Group

Offline Instaforexbuk

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Re: forex technical analysis and news from instanforex
« Reply #21 on: July 28, 2016, 11:44:19 AM »
Technical analysis of EUR/USD for July 28, 2016



When the European market opens, some Economic Data will be released such as Italian 10-y Bond Auction, German Unemployment Change, Spanish Unemployment Rate, German Prelim CPI m/m.The US will release the economic data too such as Natural Gas Storage, Unemployment Claims, so amid the reports, EUR/USD will move low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.1119.

Strong Resistance:1.1113.

Original Resistance: 1.1102.

Inner Sell Area: 1.1091.

Target Inner Area: 1.1065.

Inner Buy Area: 1.1039.

Original Support: 1.1028.

Strong Support: 1.1017.

Breakout SELL Level: 1.1011.

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.

Best Regards,
PR Manager
InstaForex Companies Group

Offline Instaforexbuk

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Re: forex technical analysis and news from instanforex
« Reply #22 on: July 29, 2016, 04:11:08 PM »
Elliott wave analysis of EUR/JPY for July 29 - 2016



Wave summary:

Disappointment over BoJ easing measures has morphed the correction in wave [ii] into a more complex structure. Short term, one more decline closer to the 61.8% corrective target at 113.70 could be seen before the correction in wave [ii] finally comes to rest and a new impulsive rally higher towards important resistance at 122.00 is seen.

Trading recommendation:

Our stop at 114.40 was hit, but we will buy EUR again at 113.85 or upon a break above 116.92 with stop place at 113.20.

Best Regards,
PR Manager
InstaForex Companies Group

Offline Instaforexbuk

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Re: forex technical analysis and news from instanforex
« Reply #23 on: August 01, 2016, 04:03:47 PM »
Intraday technical levels and trading recommendations for EUR/USD for August 1, 2016



In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 where historical bottoms were previously set in July 2012 and June 2010. Hence, a long-term bearish target was projected towards 0.9450.

In March 2015, the EUR/USD bears challenged the next monthly demand level around 1.0570, which had been previously reached in August 1997.

Later in April 2015, a strong bullish recovery was observed around the mentioned demand level. However, next monthly candlesticks (September, October, and November) reflected a strong bearish rejection around the area of 1.1400-1.1500.

Again in February 2016, the depicted price levels around 1.1400-1.1500 acted as a significant supply zone during the bullish pullback.

That is why, recent bearish rejection was expected around the current price levels (note the monthly candlesticks of May and June).

In the long term, the level of 0.9450 will remain a projected bearish target if the current monthly candlestick comes to close below the depicted monthly demand level of 1.0570.

On the other hand, note that a monthly candlestick closure above 1.1400 invalidates this bearish outlook on an intermediate-term basis (low probability).



Similar to what happened in October 2015, the supply zone of 1.1410-1.1550 constituted a significant resistance zone for the EUR/USD pair.

Later on May 18, daily persistence below the levels of 1.1400 and 1.1200 was needed to ensure enough bearish momentum towards the 1.1100 and 1.1000 levels. However, a lack of bearish pressure was manifested on June 1.

Hence, the recent bullish closure above 1.1200 enhanced further bullish advancement towards 1.1400 where evident signs of bearish rejection and a valid SELL entry were previously suggested. That is why, obvious bearish breakdown of 1.1200 took place on June 16.

However, evident bullish rejection around 1.1130 (depicted uptrend line) brought the EUR/USD pair above 1.1200 again.

As anticipated, the recent bullish pullback towards the zone of 1.1400 offered a valid SELL entry. All T/P levels were successfully reached.

The long-term outlook for the EUR/USD pair remains bearish as the monthly chart illustrates. Bearish fixation below 1.1000 is needed to enhance this bearish scenario.

On July 8, recent bullish recovery was manifested around the price zone of 1.1000-1.0950 (previous consolidation range), but on July 15 significant bearish pressure was applied around 1.1150.

This week, bearish fixation below 1.1000 will be needed to allow bearish decline towards 1.0820 (key level 2) where price action should be watched.

On the other hand, if the EUR/USD pair keeps trading above the price zone of 1.1000-1.0950 (previous consolidation range), further bullish advance towards 1.1170 and 1.1220 should be expected.

Best Regards,
PR Manager
InstaForex Companies Group

Offline Instaforexbuk

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Re: forex technical analysis and news from instanforex
« Reply #24 on: August 02, 2016, 03:38:15 PM »
Intraday technical levels and trading recommendations for EUR/USD for August 2, 2016



In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 where historical bottoms were previously set in July 2012 and June 2010. Hence, a long-term bearish target was projected towards 0.9450.

In March 2015, the EUR/USD bears challenged the next monthly demand level around 1.0570, which had been previously reached in August 1997.

Later in April 2015, a strong bullish recovery was observed around the mentioned demand level. However, next monthly candlesticks (September, October, and November) reflected a strong bearish rejection around the area of 1.1400-1.1500.

Again in February 2016, the depicted price levels around 1.1400-1.1500 acted as a significant supply zone during the bullish pullback.

That is why, recent bearish rejection was expected around the current price levels (note the monthly candlesticks of May and June).

In the long term, the level of 0.9450 will remain a projected bearish target if the current monthly candlestick comes to close below the depicted monthly demand level of 1.0570.

On the other hand, note that a monthly candlestick closure above 1.1400 invalidates this bearish outlook on an intermediate-term basis (low probability).



Similar to what happened in October 2015, the supply zone of 1.1410-1.1550 constituted a significant resistance zone for the EUR/USD pair.

Later on May 18, daily persistence below the levels of 1.1400 and 1.1200 was needed to ensure enough bearish momentum towards the 1.1100 and 1.1000 levels. However, a lack of bearish pressure was manifested on June 1.

Hence, the recent bullish closure above 1.1200 enhanced further bullish advancement towards 1.1400 where evident signs of bearish rejection and a valid SELL entry were previously suggested. That is why, obvious bearish breakdown of 1.1200 took place on June 16.

As anticipated, the recent bullish pullback towards the zone of 1.1400 offered a valid SELL entry. All T/P levels were successfully reached.

The long-term outlook for the EUR/USD pair remains bearish as the monthly chart illustrates. Bearish fixation below 1.1000 is needed to enhance this bearish scenario.

On July 8, recent bullish recovery was manifested around the price zone of 1.1000-1.0950 (previous consolidation range), but on July 15 significant bearish pressure was applied around 1.1150.

This week, bearish fixation below 1.1000 will be needed to allow bearish decline towards 1.0820 (key level 2) where price action should be watched.

On the other hand, if the EUR/USD pair keeps trading above the price zone of 1.1000-1.0950 (previous consolidation range), further bullish advance towards 1.1170 and 1.1220 should be expected.

Price action should be watched around the price zone of 1.1220-1.1250 for significant bearish rejection and a valid SELL entry.

Read more: https://www.instaforex.com/forex_analysis/79662/
Best Regards,
PR Manager
InstaForex Companies Group

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