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Topic: Wave Analysis by InstaForex  (Read 20785 times)

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Offline InstaForex Gertrude

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Re: Wave Analysis by InstaForex
« Reply #75 on: May 23, 2016, 06:47:17 am »
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  • Daily analysis of USDX for May 23, 2016

    The index still trades sideways to higher levels, consolidating gains above the support at 95.22, where we expect to see a rebound to test the next resistance placed around 95.68 area. A breakout above it will open doors to reach new highs, the first target lies at 96.14 level. MACD indicator, however, is entering into negative territory, so be cautious when adding more long orders at the current stage.

    H1 chart's resistance levels: 95.68 / 96.14
    H1 chart's support levels: 95.22 / 94.89

    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 95.68, take profit is at 96.14, and stop loss is at 95.20.

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


    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #76 on: May 24, 2016, 07:29:10 am »
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  • Daily analysis of USDX for May 24, 2016

    USDX is trading below the resistance zone of 95.68, but the intraday structure remains sideways. However, an acceleration below the 95.22 level will open the doors for a decline toward the 94.89 level, where a rebound is expected, as the 200 SMA on H1 chart can act as a dynamic support. MACD indicator is supporting further weakness on an intraday basis.

    H1 chart's resistance levels: 95.68 / 96.14
    H1 chart's support levels: 95.22 / 94.89

    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 95.68, take profit is at 96.14, and stop loss is at 95.20.

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

    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #77 on: May 25, 2016, 07:27:35 am »
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  • Technical analysis of USD/JPY for May 25, 2016

    In Asia, today Japan will not release any economic data. However, the US will release some economic data such as Crude Oil Inventories, Flash Services PMI, HPI m/m, and Goods Trade Balance. 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: 110.68.
    Resistance. 2: 110.46.
    Resistance. 1: 110.25.
    Support. 1: 109.98.
    Support. 2: 109.76.
    Support. 3: 109.55.

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

    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #78 on: May 26, 2016, 07:32:47 am »
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  • Daily analysis of GBP/USD for May 26, 2016

    GBP/USD had another rally day after it broke the highs from the May 19th session. Currently, we expect a breakout higher of the resistance zone of 1.4723 in order to reach the psychological zone around the 1.4800 level. However, a pullback can happen to correct the current bias, at least toward the 1.4662 level in the first degree.

    H1 chart's resistance levels: 1.4723 / 1.4759
    H1 chart's support levels: 1.4692 / 1.4662

    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 1.4723, take profit is at 1.4759 and stop loss is at 1.4689.

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

    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #79 on: May 27, 2016, 07:07:08 am »
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  • Daily analysis of GBP/USD for May 27, 2016

    Pair had a corrective session and it's now looking to find support around the 1.4662 level. However, overall bullish bias remains untouched, as the Cable has been trading higher after it performed rebounds above the 200 SMA, which is our path of the current trend. A breakout above the 1.4723 level could push the GBP/USD towards the 1.4800 psychological zone.

    H1 chart's resistance levels: 1.4692 / 1.4723
    H1 chart's support levels: 1.4662 / 1.4604

    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 1.4692, take profit is at 1.4723, and stop loss is at 1.4661.

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

    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #80 on: May 30, 2016, 06:19:14 am »
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  • Daily analysis of USDX for May 30, 2016

    It can be seen on the H1 chart that the US dollar index is strongly trading into a bullish bias above the 200 SMA, and the resistance lies at 95.68. If USDX manages to break it, further advance toward the 96.03 level can be seen, which should also strengthen the bullish trend on a short-term basis at least.

    H1 chart's resistance levels: 95.68 / 96.03
    H1 chart's support levels: 95.22 / 94.89

    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 95.68, take profit is at 96.03, and stop loss is at 95.32.

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

    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #81 on: May 31, 2016, 07:09:15 am »
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  • Elliott wave analysis of EUR/NZD for May 31 - 2016

    Wave summary:
    We continue to look for a rally above minor resistance at 1.6715 to accelerate prices higher towards resistance at 1.6931 and 1.7220 on the way higher to the long-term target at 1.8420. In the short term, support is seen at 1.6525 with important back-up support at 1.6424. We must admit that this currency pair is testing our patience in all ways, but then one of the important rules when engaging in trading is "patience".

    Trading recommendation:
    We are long in EUR from 1.6545 with stop placed at 1.6420. If you are not long in EUR yet, then buy near 1.6525 or upon a break above 1.6656 and use the same stop at 1.6420.

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

    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #82 on: June 01, 2016, 07:38:52 am »
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  • Technical analysis of GBP/CHF for June 01, 2016

    Technical outlook and chart setups:
    The GBP/CHF pair is seen to be trading at at 1.4390 levels at this moment after reversing sharply from 1.4600 levels yesterday. Please note that the rally that begun from 1.3400 levels looks to be complete at 1.4600 levels using the principle of equality. But according to the channeling technique, maybe another high can be seen around 1.4700 levels as depicted here. Also note that fibonacci 0.618 resistance is also seen there, and hence a bearish bounce remains a high probability. Hence it is recommended to take profit on short positions taken earlier and remain flat for now. Immediate resistance is seen at 1.4600 levels, while support is seen at 1.4300 levels respectively.

    Trading recommendations:
    Please take profits on short positions taken earlier. Remain flat for now. Good luck!

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

    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #83 on: June 02, 2016, 07:34:25 am »
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  • Technical analysis of Silver for June 02, 2016

    Technical outlook and chart setups:
    Silver is seen to be trading at $15.97 levels for now after bouncing off $15.81 levels yesterday. The metal now seems to have formed an intermediary low at $15.81 levels and is looking to rally from here. Please note that the metal has bounced off the fibonacci support/convergence around $15.80/16.00 levels as depicted here. Also note that the past resistance turned support is also passing through the same region. A bullish turn around from here remains a high probability, and hence the recommendation is to remain long now, with risk below $15.50 levels. Immediate support is seen at $15.80 levels, while resistance is at $16.55 levels respectively.

    Trading recommendations:
    Remain long, stop below $15.50 levels, target is open.

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

    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #84 on: June 03, 2016, 07:12:51 am »
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  • Technical analysis of EUR/USD for June 03, 2016

    When the European market opens, some economic news will be released such as the Retail Sales m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI. The US will release economic data too such as the Factory Orders m/m, ISM Non-Manufacturing PMI, Final Services PMI, Trade Balance, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m. So amid the reports, EUR/USD will move with medium to high volatility during this day.

    TODAY'S TECHNICAL LEVELS:
    Breakout BUY Level: 1.1204.
    Strong Resistance: 1.1198.
    Original Resistance: 1.1187.
    Inner Sell Area: 1.1176.
    Target Inner Area: 1.1150.
    Inner Buy Area: 1.1124.
    Original Support: 1.1113.
    Strong Support: 1.1102.
    Breakout SELL Level: 1.1096.

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

    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #85 on: June 07, 2016, 07:29:21 am »
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  • Technical analysis of USDX for June 7, 2016

    The Dollar index is trading around the 50% Fibonacci retracement after its sharp decline from last week's disappointing NFP numbers. The short-term trend is bearish, however, a move lower could put the larger trend in danger.

    The trend is bearish as long as the price is below the Ichimoku cloud. The stochastic and RSI are diverging on the 4-hour chart so we could soon see a bounce in the Dollar index. The next important support is the 61.8% Fibonacci retracement. Short-term resistance is at 94.30.


    The weekly candle is testing the weekly tenkan-sen (red line indicator) and the lower Kumo (cloud) boundary support. A break above the kijun-sen (yellow line indicator) will open the way for a push higher towards 98 at least. A weekly close below and out of the Kumo will be a bearish sign.

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

    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #86 on: June 08, 2016, 07:40:41 am »
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  • Elliott wave analysis of EUR/NZD for June 8 - 2016

    Wave summary:
    We have seen the expected decline closer to the ideal downside target at 1.6169, from where a new impulsive rally is expected. In the short term, a break above minor resistance at 1.6351 and, more importantly, a break above resistance at 1.6470 will confirm that a low is in place for a rally higher to 1.6931 and 1.7220.

    Trading recommendation:
    We are long in EUR from 1.6225 and will move our stop higher to 1.6125. If you are not long in EUR yet, then buy near 1.6169 and use the same stop at 1.6125.

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

    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #87 on: June 09, 2016, 06:24:23 am »
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  • EUR/AUD trading recommendations for 9th June 2016

    EUR/AUD has formed a bullish divergence vs RSI since our analysis yesterday, and this gives us a good conviction of it making a strong bounce from here to the divergence potential of 1.5330, which is also a fibonacci retracement level.

    Trading recommendation:
    Entry now
    Take profit at 1.5330 and 1.5300
    Stop loss at 1.5175

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

    Offline Garfield

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    Re: Wave Analysis by InstaForex
    « Reply #88 on: June 10, 2016, 12:12:37 pm »
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  • EUR/AUD trading recommendations for 9th June 2016

    EUR/AUD has formed a bullish divergence vs RSI since our analysis yesterday, and this gives us a good conviction of it making a strong bounce from here to the divergence potential of 1.5330, which is also a fibonacci retracement level.

    Trading recommendation:
    Entry now
    Take profit at 1.5330 and 1.5300
    Stop loss at 1.5175

    More analysis - at instaforex.com

    Thx for the info ! I TP at 1.5195
    You will never know. Not now, not in this life. You aren't that lucky.

    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #89 on: June 14, 2016, 06:55:36 am »
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  • Technical analysis of NZD/USD for June 14, 2016

    NZD/USD is expected to trade in a lower range as the bias remains bullish. The pair failed to break above its horizontal resistance and overlap at 0.7080 after having tested it for at least two times yesterday. Meanwhile, a bearish cross has been identified between the 20-period and 50-period moving averages (a negative signal). Last but not least, the relative strength index is capped by a descending trend line. To conclude, a break below 0.6980 would trigger a new pullback towards 0.6940.

    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 0.6980. A break of this target will move the pair further downwards to 0.6940. The pivot point stands at 0.7080. 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 0.7120 and the second one at 0.7150.

    Resistance levels: 0.7120, 0.7150, 0.7185
    Support levels: 0.6980, 0.6940, 0.69

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