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Topic: Wave Analysis by InstaForex  (Read 20787 times)

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Offline InstaForex Gertrude

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Wave Analysis by InstaForex
« on: November 14, 2015, 12:02:29 am »
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  • Dear forum members,

    Me and my colleagues are going to provide you with the latest analysis reviews. Please, follow our analysis and you will be informed about Forex. Hope, our reviews will help you to increase the efficiency of your trading.

    The source is instaforex.com.
    Best regards,
    PR Manager


    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #1 on: January 16, 2016, 02:23:09 am »
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  • Technical analysis of GBP/JPY for January 15, 2016



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

    Trading Recommendations:
    The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 167. A break of that target will move the pair further downwards to 166.50. The pivot point stands at 169.85. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, long positions are recommended with the first target at 170.60 and the second target at 171.35.

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

    More analysis - at instaforex.com
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    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #2 on: January 18, 2016, 07:56:28 am »
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  • Daily analysis of GBP/USD for January 18, 2016

    On the H1 chart, GBP/USD is still working so well in our bearish outlook presented several articles ago, as the pair is trying to extend its decline towards the support zone of 1.4198. A breakout below there will expose the pair to test the level of 1.4080. The current structure is calling for more declines, but the MACD indicator starts to show oversold conditions.

    H1 chart's resistance levels: 1.4309 / 1.4373
    H1 chart's support levels: 1.4198 / 1.4080

    Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is seen at 1.4198, take profit is at 1.4080, and stop loss is at 1.4309.

    More analysis - at instaforex.com
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    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #3 on: January 19, 2016, 07:44:13 am »
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  • Daily analysis of USDX for January 19, 2016

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

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

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

    More analysis - at instaforex.com
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    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #4 on: January 20, 2016, 07:47:06 am »
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  • Daily analysis of USDX for January 20, 2016

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

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

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

    More analysis - at instaforex.com
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    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #5 on: January 21, 2016, 07:53:05 am »
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  • Daily analysis of USDX for January 21, 2016

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

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

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

    More analysis - at instaforex.com
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    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #6 on: January 22, 2016, 07:44:59 am »
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  • Daily analysis of USDX for January 22, 2016

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

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

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

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

    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #7 on: January 23, 2016, 02:47:09 am »
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  • Technical analysis of USD/CHF for January 22, 2016

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

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

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

    More analysis - at instaforex.com
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    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #8 on: January 26, 2016, 06:46:21 am »
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  • Daily analysis of USDX for January 26, 2016

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

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

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

    More analysis - at instaforex.com
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    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #9 on: January 27, 2016, 07:15:22 am »
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  • Daily analysis of USDX for January 27, 2016

    US Dollar Index has declined below the 200 SMA at H1 chart after a strong resistance was found around 99.49. Current price action is telling us that a support level is located at 98.97, as an inflection zone was formed during the January 19th and 20th sessions and pushed the index higher. However, this bullish scenario can invalidate if the USDX breaks the support at 98.72. MACD indicator is currently declining, as it is still moving on the negative territory.

    H1 chart's resistance levels: 99.22 / 99.49
    H1 chart's support levels: 98.97 / 98.72

    Trading recommendations for today: Based on the H1 chart, buy (long) orders only if the USD Index breaks a bullish candlestick; the resistance level is at 99.22, take profit is at 99.49, and stop loss is at 98.95.

    More analysis - at instaforex.com
    Best regards,
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    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #10 on: January 28, 2016, 07:35:39 am »
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  • Technical analysis of EUR/USD for January 28, 2016

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

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

    More analysis - at instaforex.com
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    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #11 on: January 29, 2016, 07:07:47 am »
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  • Technical analysis of USD/JPY for Januari 29, 2016

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

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

    More analysis - at instaforex.com
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    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #12 on: February 01, 2016, 07:52:33 am »
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  • Elliott wave analysis of EUR/JPY for February 1, 2016

    Wave summary:
    A very strong rally on Friday which took place after BOJ's decision to adopt the negative interest rate, looked impulsive and if a breakout above important resistance at 132.44 is seen, then we will change our preferred count to above. This count shows that an expanded flat correction we have been tracking since late December 2013 terminated at 126.05 in mid-April 2015 and was followed by an impulsive wave (i) to 141.04 and the decline from 141.04 to 126.14 was a very deep wave (ii). A breakout above 132.44 will call for wave (iii) higher to at least 150.16. If, however resistance at 132.44 is able to protect the upside for renewed downside pressure, the very complex corrective corrective pattern could still be unfolding.

    Trading recommendation: We will await the outcome of the test of the resistance-line before making the next move.

    More analysis - at instaforex.com
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    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #13 on: February 02, 2016, 06:19:06 am »
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  • Technical analysis of EUR/USD for February 02, 2016

    When the European market opens, some economic news will be released such as PPI m/m, Unemployment Rate, Italian Monthly Unemployment Rate, German Unemployment Change, Spanish Unemployment Change.The US will release the economic data too such as Total Vehicle Sales, IBD/TIPP Economic Optimism, so amid the reports, EUR/USD will move low to medium volatility during this day.

    TODAY'S TECHNICAL LEVELS:
    Breakout BUY Level: 1.0947.
    Strong Resistance:1.0941.
    Original Resistance: 1.0930.
    Inner Sell Area: 1.0919.
    Target Inner Area: 1.0894.
    Inner Buy Area: 1.0869.
    Original Support: 1.0858.
    Strong Support: 1.0847. Technical analysis of EUR/USD for February 02, 2016

    When the European market opens, some economic news will be released such as PPI m/m, Unemployment Rate, Italian Monthly Unemployment Rate, German Unemployment Change, Spanish Unemployment Change.The US will release the economic data too such as Total Vehicle Sales, IBD/TIPP Economic Optimism, so amid the reports, EUR/USD will move low to medium volatility during this day.

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

    More analysis - at instaforex.com
    Breakout SELL Level: 1.0841.

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

    Offline InstaForex Gertrude

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    Re: Wave Analysis by InstaForex
    « Reply #14 on: February 02, 2016, 07:13:30 am »
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  • Technical analysis of USD/JPY for February 02, 2016

    In Asia, Japan will release the 10-y Bond Auction, Monetary Base y/y and the US will release some economic data such as Total Vehicle Sales, IBD/TIPP Economic Optimism. So there is a probability the USD/JPY will move with low to medium volatility during this day.

    TODAY'S TECHNICAL LEVELS:
    Resistance. 3: 121.40.
    Resistance. 2: 121.16.
    Resistance. 1: 120.92.
    Support. 1: 120.63.
    Support. 2: 120.40.
    Support. 3: 120.16.

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