BetSelection.cc

Please login or register.

Topic: Wave Analysis by InstaForex  (Read 20784 times)

0 Members and 1 Guest are viewing this topic.

Offline Instaforex Bella

  • Rising Member
  • **
  • Posts: 15
    • View Profile
Re: Wave Analysis by InstaForex
« Reply #30 on: February 26, 2016, 12:54:48 pm »
  • ReplyReply
  • Technical analysis of USD/CHF for February 26, 2016




    The USD/CHF pair faced resistance at the level of 0.9960, while minor resistance is seen at 0.9929. Support is found at the levels of 0.9878 and 0.9831. Yesterday, the USD/CHF pair continued to move upwards from the level of 0.9878. The pair rose from the level of 0.9878 to the top around 0.9920. In consequence, the USD/CHF pair broke resistance, which turned strong support at the level of 0.9878. Today, the level of 0.9878 is expected to act as major support. Hence, we expect the USD/CHF pair to continue moving in the bullish trend from the support level of 0.9878 towards the target level of 0.9958. If the pair succeeds in passing through the level of 0.9962, the market will indicate the bullish opportunity above the level of 0.9962 in order to reach the second target at 1.0002 to test the double top in the H1 time frame. However, the price spot of 1.0002 remains a significant resistance zone. Thus, the trend will probably be rebounded again from the double top as long as the level of 1.0002 is not breached. Daily key levels: Major resistance:1.0002 Minor resistance:0.9960 Intraday pivot point:0.9919 Minor support:0.9878

    More analysis - at instaforex.com


    Offline InstaForex Gertrude

    • Hero Member
    • *****
    • Posts: 762
      • View Profile
    Re: Wave Analysis by InstaForex
    « Reply #31 on: March 01, 2016, 07:14:54 am »
  • ReplyReply
  • Daily analysis of USD/CAD for February 29, 2016

    Overview
    The attached H4 chart demonstrates that the USD/CAD pair continues fluctuating near 61.8% Fibonacci correction level that represents an important support at 1.3536, underpinning chances for resuming the bearish bias in the upcoming period within the bearish channel that appears on the attached chart. Therefore, we still prefer the bearish trend on the intraday and short-term bases. Our next target is at 1.3264, given that the continuation of the expected bearish trend depends on the stability below 1.3976. The expected trading range for today is between 1.3400 support and 1.3600 resistance.

    More analysis - at instaforex.com
    Best regards,
    PR Manager

    Offline InstaForex Gertrude

    • Hero Member
    • *****
    • Posts: 762
      • View Profile
    Re: Wave Analysis by InstaForex
    « Reply #32 on: March 01, 2016, 07:34:46 am »
  • ReplyReply
  • Elliott wave analysis of EUR/NZD for March 1 - 2016

    Wave summary:
    We are still looking for confirmation that wave [ii] is completed at 1.6236. A break above resistance at 1.6688 will confirm that this is the case and that a new impulsive rally in wave [iii] should be expected. As long as resistance at 1.6688 is able to protect the upside, we must allow for more closer to 1.6105 before the final low is in place for wave [ii]. At no point can a break below 1.5858 be allowed.

    Trading recommendation: We will wait for a break above 1.6688 before buying EUR.

    More analysis - at instaforex.com
    Best regards,
    PR Manager

    Offline InstaForex Gertrude

    • Hero Member
    • *****
    • Posts: 762
      • View Profile
    Re: Wave Analysis by InstaForex
    « Reply #33 on: March 03, 2016, 07:46:18 am »
  • ReplyReply
  • Technical analysis of Silver for March 03, 2016

    Technical outlook and chart setups:
    Silver is seen to be trading at $14.90/92 levels again, after printing lows at $14.70 levels yesterday. The metal seems to be preparing to drop lower at least through $14.50/55 levels from here. Please note that it is also fibonacci 0.618 support levels, of the rally between $13.70 through $15.93 levels, as seen here. Furthermore, the counter trend (drop from $15.93) extension is also converging at $14.50/55 levels, which instills further confidence for a bullish bounce. It is hence recommended to remain flat for now, but look to initiate fresh long positions around $14.50 levels. Immediate support is at $14.50 levels, while resistance is seen at $15.10 levels respectively.

    Trading recommendations:
    Remain flat for now, look to buy lower.

    More analysis - at instaforex.com
    Best regards,
    PR Manager

    Offline InstaForex Gertrude

    • Hero Member
    • *****
    • Posts: 762
      • View Profile
    Re: Wave Analysis by InstaForex
    « Reply #34 on: March 04, 2016, 07:24:27 am »
  • ReplyReply
  • Technical analysis of USD/JPY for March 04, 2016

    In Asia, Japan will release the Average Cash Earnings y/y. As for the US, economic reports will be also released such as Unemployment Rate, Trade Balance, Non-Farm Employment Change, and Average Hourly Earnings m/m. So there is a probability the USD/JPY pair will move with medium to high volatility during this day.

    TODAY'S TECHNICAL LEVEL:
    Resistance. 3: 114.07.
    Resistance. 2: 113.85.
    Resistance. 1: 113.63.
    Support. 1: 113.35.
    Support. 2: 113.13.
    Support. 3: 112.91.

    More analysis - at instaforex.com
    Best regards,
    PR Manager

    Offline InstaForex Gertrude

    • Hero Member
    • *****
    • Posts: 762
      • View Profile
    Re: Wave Analysis by InstaForex
    « Reply #35 on: March 07, 2016, 07:40:41 am »
  • ReplyReply
  • Technical analysis of USD/JPY for March 07, 2016

    In Asia, Japan will release Leading Indicators. The US will release a series of economic reports such as Consumer Credit m/m, and Labor Market Conditions Index m/m. So there is a probability the USD/JPY pair will move with low to medium volatility during this day.

    TODAY'S TECHNICAL LEVEL:
    Resistance. 3: 114.18.
    Resistance. 2: 113.96.
    Resistance. 1: 113.74.
    Support. 1: 113.45.
    Support. 2: 113.23.
    Support. 3: 113.901.

    More analysis - at instaforex.com
    Best regards,
    PR Manager

    Offline InstaForex Gertrude

    • Hero Member
    • *****
    • Posts: 762
      • View Profile
    Re: Wave Analysis by InstaForex
    « Reply #36 on: March 08, 2016, 07:02:44 am »
  • ReplyReply
  • Daily analysis of GBP/USD for March 08, 2016



    In the H1 chart, GBP/USD is forming another bullish pattern below the resistance level of 1.4267, where bulls are still trying to break higher in order to strength the bullish bias on a short- and medium-term basis. Also, the 200 SMA in this time frame is favoring the scenario and we can eventually expect a little pullback in the process.

    H1 chart's resistance levels: 1.4267 / 1.4333
    H1 chart's support levels: 1.4183 / 1.4069

    Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is seen at 1.4267, take profit is at 1.4333, and stop loss is at 1.4202.

    More analysis - at instaforex.com
    Best regards,
    PR Manager

    Offline InstaForex Gertrude

    • Hero Member
    • *****
    • Posts: 762
      • View Profile
    Re: Wave Analysis by InstaForex
    « Reply #37 on: March 09, 2016, 05:12:37 am »
  • ReplyReply
  • Technical analysis of USD/CHF for March 08, 2016

    Overview:
    The USD/CHF pair was polemic as it was trading in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still moving between the levels of 1.0037 and 0.9851. In the H1 time frame, resistance and support are seen at the levels of 1.0037 (also, the double top is already set at the point of 1.0037) and 0.9851 respectively. Therefore, it is recommended to be cautious while placing orders in this area. So, we need to wait until the sideways channel is completed. The current price is seen at 0.9954, which represents the key level today. The level of 1.0037 will act as the first resistance line. Hence, if the pair fails to pass through the level of 1.0037, the market will indicate a bearish opportunity below the strong resistance level of 1.0037. Sell deals are recommended below the level of 1.0037 with the first target at 0.9895. If the trend breaks the support level of 0.9895, the pair is likely to move downwards continuing the bearish trend development to the level 0.9851. However, the price spot of 0.9851 remains a significant resistance zone. Thus, the trend will probably be rebounded again from the double bottom as long as the level of 0.9851 is not broke.

    More analysis - at instaforex.com
    Best regards,
    PR Manager

    Offline InstaForex Gertrude

    • Hero Member
    • *****
    • Posts: 762
      • View Profile
    Re: Wave Analysis by InstaForex
    « Reply #38 on: March 10, 2016, 01:44:36 am »
  • ReplyReply
  • NZD/USD intraday technical levels and trading recommendations for March 9, 2016

    On January 28, the depicted support at 0.6400 acted as a prominent key level offering a valid buy entry. A bullish breakout above 0.6550 was executed a few weeks ago. Bullish persistence above 0.6550 (depicted recent support) was needed to keep the price moving towards higher bullish targets. The price zone of 0.6750-0.6840 constituted a significant resistance zone where recent signs of a bearish rejection were seen during the previous few weeks (triple-top reversal pattern). On February 9, the NZD/USD pair failed to consolidate below the depicted support level of 0.6560. Moreover, an obvious bullish recovery was expressed around the depicted temporary support level. Hence, the recent bullish swing towards 0.6750 was initiated. Note that bullish persistence above 0.6750 (upper limit of the consolidation range) will allow further bullish advancement towards 0.6880. Otherwise, the NZD/USD pair will remain trapped within the depicted consolidation range (0.6560-0.6750) until a breakout occurs in either direction.

    More analysis - at instaforex.com
    Best regards,
    PR Manager

    Offline InstaForex Gertrude

    • Hero Member
    • *****
    • Posts: 762
      • View Profile
    Re: Wave Analysis by InstaForex
    « Reply #39 on: March 10, 2016, 07:29:08 am »
  • ReplyReply
  • Technical analysis of EUR/USD for March 10, 2016

    When the European market opens, some economic news will be released such as Minimum Bid Rate, Italian Quarterly Unemployment Rate, French Industrial Production m/m, German Trade Balance, and French Final Non-Farm Payrolls q/q. The US will post several economic reports too such as Federal Budget Balance, 30-y Bond Auction, Natural Gas Storage, and Unemployment Claims. So amid the reports, EUR/USD will move with low to medium volatility during this day.

    TODAY'S TECHNICAL LEVEL:
    Breakout BUY Level: 1.1034.
    Strong Resistance:1.1028.
    Original Resistance: 1.1017.
    Inner Sell Area: 1.1006.
    Target Inner Area: 1.0981.
    Inner Buy Area: 1.0956.
    Original Support: 1.0945.
    Strong Support: 1.0934.
    Breakout SELL Level: 1.0928.

    More analysis - at instaforex.com
    Best regards,
    PR Manager

    Offline InstaForex Gertrude

    • Hero Member
    • *****
    • Posts: 762
      • View Profile
    Re: Wave Analysis by InstaForex
    « Reply #40 on: March 14, 2016, 07:26:52 am »
  • ReplyReply
  • Elliott wave analysis of EUR/JPY for March 14, 2016

    Wave summary: After testing very strong resistance near 126.90, we are look for a breakout below minor support at 126.05 to confirm that wave b is over and wave c towards 119.90, and possibly even lower to 117.35, is developing. It should just be a matter of time before we could see the peak of this b-wave rally and a new strong decline in wave c.

    Trading recommendation:
    We are short EUR from 126.79 with stop placed at 128.20. If you are not short yet, then sell now and use the same stop at 128.20 or sell on a break below support at 126.05.

    More analysis - at instaforex.com
    Best regards,
    PR Manager

    Offline InstaForex Gertrude

    • Hero Member
    • *****
    • Posts: 762
      • View Profile
    Re: Wave Analysis by InstaForex
    « Reply #41 on: March 15, 2016, 05:48:12 am »
  • ReplyReply
  • Global macro overview for 14/03/2016

    IIn the regional elections taken place last Sunday the German voters punished Chancellor Merkels conservatives, giving a thumbs-down to her open-door refugee policy and turning in droves to the anti-immigrant Alternative for Germany (AfD). The result is a big setback for Merkel, who has led eurozone's largest economy for a decade, and could narrow her room to maneuver as she tries to convince her EU partners to seal a deal with Turkey to stem the tide of migrants. The political party of Merkel, the Christian Democrats (CDU), lost ground in all important states Baden-Wuerttemberg and Rhineland-Palatinate in the west and Saxony-Anhalt in the east which were together widely seen as offering a verdict on Merkel's liberal migrant policy. In conclusion, this contest was the biggest of Merkel's third-term and the broadest electoral test before the next German federal ballot in 18 months. If the main ballot get even worse, that this one, the future of the EU policy towards migrants and the whole economic foundation's might be completely changed, influencing the financial markets. Let's now take a look at the EUR/USD technical picture in the H4 time frame after the last rally on Friday. The local top was established at the level of 1.1217 and the market slowly went lower to test the support at the level of 1.1079. Currently, bulls are trying to re-gain the control in the market using the level of 1.1079 as a technical support to rally towards the level of 1.1217. Only a clear and sustained violation of the level of 1.0822 would change the current picture from bullish to bearish again.

    More analysis - at instaforex.com
    Best regards,
    PR Manager

    Offline InstaForex Gertrude

    • Hero Member
    • *****
    • Posts: 762
      • View Profile
    Re: Wave Analysis by InstaForex
    « Reply #42 on: March 15, 2016, 06:28:20 am »
  • ReplyReply
  • Daily analysis of GBP/USD for March 15, 2016

    H1 chart's resistance levels: 1.4333 / 1.4396
    H1 chart's support levels: 1.4267 / 1.4190

    Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is seen at 1.4333, take profit is at 1.4396 and stop loss is at 1.4271.

    More analysis - at instaforex.com
    Best regards,
    PR Manager

    Offline InstaForex Gertrude

    • Hero Member
    • *****
    • Posts: 762
      • View Profile
    Re: Wave Analysis by InstaForex
    « Reply #43 on: March 16, 2016, 06:58:56 am »
  • ReplyReply
  • Technical analysis of GBP/CHF for March 16, 2016

    Technical outlook and chart setups:
    The GBP/CHF pair has dropped below 1.4000 levels beyond what was expected and discussed earlier, but the pair is still above 1.3900 levels and that makes a valid case for a Wave 4 correction. Please note that the pair could stage a rally through 1.4300/20 levels till prices stay above 1.3900/20 levels. Also note that the pair is testing Fibonacci 0.618 support of the rally between 1.3750 and 1.4280 levels respectively. It is still recommended to remain long with risk at 1.3900 levels. Immediate support is seen at 1.3920 levels, while resistance is at 1.4300/20 levels respectively. Only a drop below 1.3900 levels would discard the bullish count.

    Trading recommendations:
    Remain long for now, stop at 1.3900, target 1.4300.

    More analysis - at instaforex.com
    Best regards,
    PR Manager

    Offline InstaForex Gertrude

    • Hero Member
    • *****
    • Posts: 762
      • View Profile
    Re: Wave Analysis by InstaForex
    « Reply #44 on: March 17, 2016, 06:23:00 am »
  • ReplyReply
  • Daily analysis of GBP/USD for March 17, 2016

    BP/USD had a bullish momentum above the 1.4000 psychological zone and a consolidation above the 200 SMA at the H1 chart is ongoing. That happened after the Fed minutes release in the United States, as the pair is trying to break above the resistance zone of 1.4267 in order to reach the 1.4310 level. The MACD indicator is still supporting the bullish idea at positive territory.

    H1 chart's resistance levels: 1.4267 / 1.4310
    H1 chart's support levels: 1.4190 / 1.4141

    Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.4267, take profit is at 1.4310 and stop loss is at 1.4233.

    More analysis - at instaforex.com
    Best regards,
    PR Manager