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InstaForex Gertrude · Guru

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InstaForex Gertrude · Guru

Technical analysis of USD/JPY for July 17, 2014

In Asia, Japan will not release any economic data, but the US will release some economic data such as Building Permits, Unemployment Claims, Housing Starts, Philly Fed Manufacturing Index, Natural Gas Storage. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session. TODAY's TECHNICAL LEVELS: Resistance. 3: 102.11. Resistance. 2: 101.91. Resistance. 1: 101.71. Support. 1: 101.47. Support. 2: 101.27. Support. 3: 101.07. DESCRIPTION: Please, pay attention to the levels of support 3 (101.07) and resistance 3 (102.11). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of Gold for July 18, 20

Technical outlook and chart setups:

1. Gold has rallied through $1,324.00 ;eve;s before pulling back. The metal could print highs around the $1,328.00 levels before reversing lower. Recommendations are to exit long positions now and remain flat.

2. Support is seen at $1,260.00 levels, followed by $1,240.00, $1,230.00 and lower while resistance is seen at $1,350.00/60, followed by $1,388.00 and higher.

3. The structure indicates that Gold has turned bullish till prices stay above $1,240.00 levels.

Trading recommendations:

Exit long positions. Remain flat for now.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of GBP/JPY for July 21, 2014

The pair held the 50 DSma and pushed a bit higher. The previous week, the pair lost support at 20 DSma and closed below it, but held the 50 DSma and is trading above it. The weekly trading pattern is framed between 172.50- 173.77 levels. On the down side, if the pair hits the 50 DSma and closes below it, it can extend its fall to 172.11, 171.75 and 170.95 levels.

Support zone is between 172.50-172.36.

Resistance 173.46, 173.77.

or an hourly basis, the pair is trading below the hourly moving averages. The resistance levels are at 173.32 and 173.65 levels. The support levels are at 173.05 (8hr low), below this 172.69 (12 and 16hr low).

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of EUR/JPY for July 22, 2014

The hourly oscillators favor the pullback mode. The pair is holding above the hourly moving averages. In Asia's session, it is facing resistance at 137.39-137.45. Fresh buyers can buy above 137.50 with targets at 137.75 and 138 levels. On the down side, the pair has support at 137 and 136.85 levels. Below 136.85, the pair looks weak. On the down side, the pair has weekly support at 136.20/136 levels.

A day close below 136, it can drift up to 134 levels. A day close above 137.75, the pair can fly up to 138.50 on a positional basis.

Intraday buying is only above 137.50 with targets at 138, 138.25, 138.40 and 138.50.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Gold wave analysis for July 23, 2014

Gold price is trading above $1,300, but I expect this important psychological support level to be broken soon. Gold price is below the Ichimoku cloud in the 4-hour chart confirming our view that $1,346 was an important top and that the trend has reversed downwards. At $1,346, I still believe we have seen the end of wave E of wave 4 and we are now at the beginning of a new downward move to $1,000.

Gold price was rejected at the 61.8% Fibonacci retracement and did not manage to break above the Ichimoku cloud. The Ichimoku cloud is putting pressure on the Gold price and I expect to see at least a move that will push price lower than $1,290. Support is found at $1,303 and resistance, at $1,320.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of USD/CHF for July 24, 2014

Overview:

The price of the USD/CHF pair is supposedly going to form strong support at the level of 0.8987 (78.6% of Fibonacci retracement levels in the H4 chart). It formed the last bearish wave last week. It should be noted that the price is going to form a new double bottom at this level, but the level of 0.8997 acts as strong support because it is representing the first weekly support this week. So, the saturation is likely to take place around 0.9000. Moreover, the RSI indicators are also going to call for an uptrend at the same level we indicated above. Therefore, it is possible that the market will start showing bullish signs. In the other words, buy deals are recommended above 0.8987 with the first target seen at the 0.9033 level and further at the 0.9050 level to test the weekly resistance one. Thus, it also should be noted that the level of 0.9050 is going to form a minor resistance. Additionally, the level of 0.9085 will act as a major resistance.

More analysis - at jnstaforex.com

InstaForex Gertrude · Guru

Short-term forecast for USD/SGD for July 24, 2014

The pair holds the support at 1.23 levels. The pair is trading in a complete bearish zone, moving below the medium-term moving averages. Until the pair holds the 1.23 level, the down move will pause for sometime. It's been making lower highs for 6 weeks. If the pair hits the 1.23 level, it can extend its fall to 1.2240 and 1.2128 levels.

The daily RSI indicates a pullback sign. The pair made a minor double bottom at 1.2340 in the daily chart and is moving to the initial resistance level at 1.24, a high made at 1.2389 in today's Asia's session. If the pair manages to trade above 1.24, it can fly up to 1.2421, 1.2458. A day close above 1.2458, the short-term trend turns to positive towards 1.2515 and 1.2560 levels.

Positional selling is only below 1.23 for targets at 1.2228 and 1.2243.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of Silver for July 28, 2014

Technical outlook and chart setups:

1. Silver continues to retrace lower towards $20.00 and $19.60 levels for now. The metal is a clear buy on dips on the longer run but needs to correct a little further than current levels. Recommendations are to buy on dips.

2. Support is seen at $19.60, followed by $19.00, $18.60 and lower while resistance is seen at $21.40, followed by $21.70, $22.30 and higher respectively.

3. The structure indicates that Silver needs to correct further towards $19.60 levels before bulls take back control.

Trading recommendations:

Remain flat for now. Buy on dips around $19.60.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of EUR/USD for July 29, 2014[/B]

The pair held the support at 1.3420 and is trading at 1.3438 in the Pacific session. In the daily chart, the daily momentum oscillators seated at oversold levels. The support zone is between 1.3420-1.3395. Traders are eyeing Wednesday's FOMC meeting. We recommend selling only below 1.3370 levels. The pair has resistance at 1.3496 (40Dema) levels. Until it trades below the 40 Dema, the downside risk still emerges in this week.

Support: 1.3420, 1.3395, 1.3370.

Resistance: 1.3496, 1.3546, 1.3585.

Intraday cmp 1.3439

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InstaForex Gertrude · Guru

Technical analysis of GBP/CHF for July 30, 2014

Technical outlook and chart setups:

1. The GBP/CHF pair has remained virtually unchanged since last few trading sessions. The pair is stalling around 1.5360/70 mark for now having broken the immediate line of support, as seen here. Recommendations are to remain short, risk remains above 1.5430/50 levels.

2. Support is seen at 1.5220, followed by 1.5150 and lower while resistance is seen at 1.5380/90 (interim), followed by 1.5430/50 respectively.

3. The structure indicates that GBP/CHF should be correcting lower at least for now.

Trading recommendations:

Remain short, stop above 1.5450, target is open.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Intraday recommendation of GBP/USD for August 01, 2014

The cable pushed towards 20WSma at 1.6857, and is trading above that. In yesterday's session, the cable hit the 61.8 fib level and exactly closed at that level. The daily momentum oscillators are indicating an oversold level. On the down side, it has strong support at 1.6857, 1.6785 (80 fib level) and 1.6763 (30WSma) levels. Resistance is at 1.6923, 1.6975 and 1.70 levels. Until the pair trades below 1.70, the bears will have the grip in the new month as well.

Support 1.6857 1.6785 1.6763

Resistance 1.6925 1.6955 1.70

Intraday cmp 1.6878

More analysis - at instaforex.com

InstaForex Gertrude · Guru

USD/CAD intraday technical levels and trading recommendations for August 4, 2014

Since the USD/CAD pair failed to show enough bullish momentum above 1.1200 during the last visit on March 20, the pair has been downtrending within the depicted bearish channel, which managed to push towards the price zone between 1.0910-1.0850 (50-61.8% Fibonacci levels on the daily chart) where a prominent congestion zone was established.

As depicted on the chart, bullish rejection was expressed at retesting of the lower limit of the bearish channel around 1.0630 (It's the origin of the previous bullish impulse initiated in December 2013 as well).

A valid BUY entry was suggested. Expected targets got visited around 1.0750 and 1.0820.

The USD/CAD pair had a strong resistance zone located between 1.0830 (61.8% Fibonacci Level) and 1.0945 ( 50% Fibonacci Level of the same bearish swing ).

The price zone around 1.0940 (50% Fibonacci Level ) remains the nearest Intraday resistance level that comes to meet the pair.

Bearish rejection may be anticipated at retesting especially after such a long bullish rally that originated off 1.0650 and 1.0710. However, daily closure above which enables the bulls to shoot towards 1.1050 initially.

On the other hand, the price level of 1.0775 remains the nearest support to meet the pair where a valid BUY entry may be taken with Stop Loss below 1.0715.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of USD/JPY for August 05, 2014

In Asia, Japan will release the 10-y Bond Auction and the US will release some economic data such as Final Services PMI, ISM Non-Manufacturing PMI, Factory Orders m/m, IBD/TIPP Economic Optimism. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session.

TODAY's TECHNICAL LEVELS:

Resistance. 3: 103.13.

Resistance. 2: 103.93.

Resistance. 1: 102.72.

Support. 1: 102.49.

Support. 2: 102.29.

Support. 3: 102.08.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of Silver for August 06, 2014

Technical outlook and chart setups:

1. Silver is seen to be forming bottom around $19.70/80 levels as seen here and expected earlier. A morning star bullish reversal candlestick is potentially being produced on the 8H chart as seen here. A confirmation here would be extremely bullish for the metal.

2. Support is seen at $19.40, followed by $18.60 and lower while resistance is seen at $20.80, followed by $21.20 and higher respectively.

3. The structure indicates that Silver is preparing to reverse from current levels.

Trading recommendations:

Initiate long positions, stop at $19.40, target is open.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Intraday analysis of GBP/JBP for August 07, 2014

Though the pair hit the 100DSma and closed below that, in today's session, the pair opened with support at yesterday's close and started moving up. For an intraday basis, the pair favors bulls. The pair has resistance at 172.65, above this, it can fly up to 172.90, 173.10 and 173.20. The pair has support at 172.40, below this, 172.25-172.20.

Buy above 172.75 for targets at 173, 173.30, and 173.50.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of Gold for August 08, 2014

Technical outlook and chart setups:

1. Gold is pushing higher as expected since $1280.00 levels. The metal could pullback towards the $1,290.00/95.00 region again, before continuing further rally. Recommendations are to hold on to long positions and also look to add further on dips.

2. Support is seen at $1295.00/90.00, followed by $1280.00 and lower while resistance is seen at $1,224.00 followed by $1,240.00 and higher respectively.

3. The structure indicates that Gold remains clear buy on dips for now.

Trading recommendations:

Hold long positions for now, also add towards $1,295.00, stop at $1,280.00.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of EUR/JPY for Aug 11, 2014

Technical outlook and chart setups:

1. The EUR/JPY pair has printed fresh lows around 135.70/80 levels before pulling back sharply as seen on the chart view here. A hammer has been produced on the daily chart indicating that a bullish reversal/pull back may be on cards. Waiting for further confirmation to go long.

2. Support is seen at 135.70 (interim), followed by 134.00 levels and lower while resistance is seen at 138.00, followed by 139.20 and higher respectively.

3. The structure indicates that EUR/JPY could possibly begin a pull back rally from current lows.

Trading recommendations:

Remain flat for now. Look for further confirmation to go long again.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of GBP/CHF for August 12, 2014

Technical outlook and chart setups:

1. The GBP/CHF pair could still continue to drift lower until 1.5070 levels as depicted here. The pair may stage intermediary pullback rallies though. As discussed earlier, a potential head and shoulder top and reversal is under way (with right shoulder around 1.5350).

2.Support is seen at 1.5140, followed by 1.4960/70 and lower while resistance is seen at 1.5350, followed by 1.5430/50 respectively.

3. The structure indicates that GBP/CHF could continue drifting lower at least towards 1.5070 before a meaningful pullback can materialize.

Trading recommendations:

Remain short, move stop to break even, target is 1.5070.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of USD/JPY for August 13, 2014

In Asia, Japan will release the Prelim GDP q/q, Monetary Policy Meeting Minutes, Prelim GDP Price Index y/y, and the US will release some economic data such as Core Retail Sales m/m, Retail Sales m/m, Business Inventories m/m, Crude Oil Inventories, 10-y Bond Auction. So there is a big probability the USD/JPY will move with low to medium volatility during the day.

TODAY's TECHNICAL LEVELS:

Resistance. 3: 102.78.

Resistance. 2: 102.38.

Resistance. 1: 102.46.

Support. 1: 102.13.

Support. 2: 101.93.

Support. 3: 101.73.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of USD/JPY for August 14, 2014

In Asia, Japan will release the Core Machinery Orders m/m. The US will release some economic data such as Unemployment Claims, Import Prices m/m, Natural Gas Storage, 30-y Bond Auction. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session.

TODAY's TECHNICAL LEVELS:

Resistance. 3: 103.13.

Resistance. 2: 102.83.

Resistance. 1: 102.73.

Support. 1: 102.48.

Support. 2: 102.27.

Support. 3: 102.07.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Intraday analysis of Gold for August 15, 2014

In Asia, Japan will release the Core Machinery Orders m/m. The US will release some economic data such as Unemployment Claims, Import Prices m/m, Natural Gas Storage, 30-y Bond Auction. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session.

A weekly close above $1,309, the bulls will hold their strength. The metal is facing strong resistance at higher levels. Until the metal closes above $1,324.50, sell on an up move. The daily Stochastics indicates a sell signal. On the bullish front, the metal closed above the major support levels, but it was unable to breach the $1,324.50 levels. On the downside, $1,263 is an open target until gold closes above $1,324.50. For an intraday perspective, the metal has support at $1,310.50, below this, $1,305.80 and $1,304.50. Buy above $1,314

Sell below $1,308

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of Silver for Aug 25, 2014

Technical outlook and chart setups:

1. Silver seems to have formed base at $19.30 levels last week, and should resume rally from current price of $19.43/45. Please note that the metal is just shy of the fibonacci 0.786 support level ($19.26). Recommendation is to remain long, risk remains below $19.00.

2. Support is seen at $19.00, followed by $18.60 and lower while resistance is seen at $20.10 (interim), followed by $21.70, $22.30 and higher respectively.

3. The structure indicates that Silver rally from current levels remains highly probable.

Trading recommendations:

Remain long, stop below $19.00, target is open.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of USD/JPY for August 28, 2014

In Asia, Japan will not release any economic data news but the US will release its Prelim GDP q/q, Unemployment Claims, Prelim GDP Price Index q/q, Pending Home Sales m/m, and Natural Gas Storage data. So there is a big probability USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session.

Todays technical levels:

Resistance. 3: 104.29.

Resistance. 2: 104.09.

Resistance. 1: 103.98.

Support. 1: 103.63.

Support. 2: 103.43.

Support. 3: 103.22.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of USD/JPY for August 29, 2014

In Asia, Japan will release its Household Spending y/y, Tokyo Core CPI y/y, National Core CPI y/y, Unemployment Rate, Prelim Industrial Production m/m, Retail Sales y/y, and Housing Starts y/y. Meanwhile, the US will unveil its Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Chicago PMI, Revised UoM Consumer Sentiment, and Revised UoM Inflation Expectations. So there is a big probability the USD/JPY pair will move with low to medium volatility during the day.

Todays technical levels:

Resistance. 3: 104.24.

Resistance. 2: 104.04.

Resistance. 1: 103.83.

Support. 1: 103.59.

Support. 2: 103.29.

Support. 3: 103.18.

More analysis - at instaforex.com

-- Edited by InstaForex Gertrude on Friday 29th of August 2014 01:15:18 AM

InstaForex Gertrude · Guru

Technical analysis of USD/JPY for September 02, 2014

In Asia, Japan will release its Monetary Base y/y, Average Cash Earnings y/y, 10-y Bond Auctionand the US will release its Final Manufacturing PMI, ISM Manufacturing PMI, Construction Spending m/m, IBD/TIPP Economic Optimism, and ISM Manufacturing Prices. So there is a big probability USD/JPY will move with low to medium volatility today.

Todays technical levels:

Resistance. 3: 105.09.

Resistance. 2: 104.89.

Resistance. 1: 104.68.

Support. 1: 104.43.

Support. 2: 104.22.

Support. 3: 104.02.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of GBP/CHF for Sep 03, 2014

Technical outlook and chart setups:

1. The GBP/CHF pair has reacted with an engulfing bearish candlestick signal around 1.5250/60 levels as seen here. The pair has reacted from fibonacci 0.618 resistance level and should continue drifting lower. It is recommended to remain short, risk remains above 1.5450.

2. Support is seen at 1.4960, followed by 1.4760/70 and lower while resistance is seen at 1.5350, and 1.5450 respectively.

3. The structure indicates that GBP/CHF is in control of bears for now.

Trading recommendations:

Remain short, stop above 1.5450, target is open.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of USD/JPY for September 04, 2014

In Asia, Japan will release the Monetary Policy Statement and BOJ press conference. Besides, the US will release some economic data such as ADP non-farm employment change, trade balance, unemployment claims, revised non-farm productivity q/q, revised unit labor costs q/q, final services PMI, ISM non-manufacturing PMI, natural gas storage, and crude oil Inventories. So, there is a big probability the USD/JPY will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 105.48.

Resistance. 2: 105.23.

Resistance. 1: 105.02.

Support. 1: 104.77.

Support. 2: 104.57.

Support. 3: 104.36.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of GBP/CHF for September 08, 2014

Technical outlook and chart setups:

1. The GBP/CHF pair is seen to be bouncing lower from the line of resistance here. As expected, the pair has reversed from 1.5250/75 levels last week and has also re-tested the same. Currently trading at 1.5100/10 levels, the pair is expected to continue drifting lower to the 1.4900 and subsequently to 1.4800 levels. On the flip side, only a push above 1.5350 levels would be of concern to bears.

2. Support is seen at 1.4960, followed by 1.4760 levels and lower while resistance is seen at 1.5350/60, followed by 1.5430/50 respectively.

3. The structure indicates that GBP/CHF could remain in control of bears till 1.49/1.48 levels at least.

Trading recommendations:

Remain short for now, stop at 1.5350, target is 1.4800 levels.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of EUR/JPY for September 09, 2014

Technical outlook and chart setups:

The EUR/JPY bulls responded well at the back side of resistance turned support line yesterday, as expected. The pair has now produced a bullish reversal candlestick pattern as seen on the daily chart view here and prices and prices pushed ahead up to 137.00 mark before closing at 136.80 yesterday. It looks like the bulls are back in control and should continue dragging prices higher up towards 139.80 and subsequently also through 141.30/40 levels. Support is now seen at 136.00/135.80 levels, while resistance is fixed at 138.20 (interim), followed by 139.20, and 140.10 respectively. The structure for now, reveals that bulls remain in control, bottom line remains that 135.80 should hold well.

Trading recommendations:

Remain long for now, stop just below 135.80, target 139.80 at least.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of USD/JPY for September 11, 2014

In Asia, Japan will release the BSI Manufacturing Index. Besides, the US will also release some economic data such as Natural Gas Storage and 30-y Bond Auction. So, there is a big probability the USD/JPY pair will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 107.25.

Resistance. 2: 107.04.

Resistance. 1: 106.83.

Support. 1: 106.58.

Support. 2: 106.37.

Support. 3: 106.16.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Intraday trading recommendations for Gold for September 15, 2014

The yellow metal drifted to a 5-month low, trading near support zone. The metal lost its shine by rising expectations that the US Federal Reserve will raise the interest rates rather earlier than later. The metal has a minor support zone between $1,225 (80.0 fib level) and $1,217 levels. Currently in Pacific session, the metal is trading at $1,225.50 level near the support zone. We recommend fresh selling only below $1,225 or $1,217 (safe trades). Risky traders can buy using sl $1,217 at cmp $1,225.50 for an upside target at $1,231, $1,234, $1,237 and $1,240 levels. The metal has intraday resistance at $1,235, $1,239, $1,242 and $1,248. Strong up move we can see only above $1,248 on a weekly basis.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of Silver for September 16, 2014

Technical outlook and chart setups:

Silver has been in a broad consolidation range since June 2013 as depicted on the weekly chart view here. The consolidation type has been decreasing resistance ( $25.10, $22.70, $21.60) and constant support ( $18.20/50). Normally such consolidation ranges break lower, hence it is recommended to enter long positions only after confirmed reversal signal appearance around the support levels. The metal is currently trading at $18.69 levels and might be preparing to produce bullish reversal signal. Please note that support is at $18.20/50 while resistance begins from $20.00 levels.

Trading recommendations:

Flat for now, looking to initiate long positions on reversal.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of USD/JPY for September 17, 2014

In Asia, Japan will not release any economic data and the US will release some economic data such as CPI m/m, Core CPI m/m, Current Account, NAHB Housing Market Index, Crude Oil Inventories, Federal Funds Rate. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with medium volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 107.80.

Resistance. 2: 107.59.

Resistance. 1: 107.38.

Support. 1: 107.12.

Support. 2: 106.91.

Support. 3: 106.70.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of Silver for September 18, 2014

Technical outlook and chart setups:

Silver remains in control of the bears, around $18.50 levels for now, as depicted here on the weekly chart view. As seen here, the support line of the overall consolidation is passing through the current levels and it is a make or break situation around $18.20/50 levels. RSI is hinting towards a potential bullish divergence at 34.00 levels (not seen here). A bullish reversal at current levels should be extremely favorable for bulls. Immediate support is at $18.20 while immediate resistance is the $18.80/90 level, followed by $19.90 respectively.It is yet recommended to remain flat and await a reaction here on the support line of consolidation.

Trading recommendations:

Remain flat for now, look to go long on confirmation.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Intraday trading recommendations for GBP/USD for September 19, 2014

The Pound has given a stellar performance in yesterday's trade closing above 20Dsma. In todays session, the cable held the 20Dsma support and again moved higher, breached the 2-month descending trend line. The pair formed a triangle, and just breached the upper end of that, a daily close above the upper end of the triangle makes further bullish movement in the near term. Today, as of now, the cable made a high at 1.6460 and trading at 1.6422. The pair has resistance between 1.6586-1.6590 levels. A weekly close above these, makes it more bullish in the short term. On the down side, it has support at 1.6380.

Support 1.6380 1.6245 1.6160

Resistance 1.6440 1.6590 1.6625

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Short-term trend levels and an intraday recommendation for Gold for September 22, 2014

The yellow metal drifted to $1,213 levels in Friday's session, but managed to close above $1,215 levels. The strong US dollar puts pressure on the metal. Now the metal is trading at $1,215.70, it made a low at $1,214.50. The metal has support at $1,212 (200MEma) and $1,185 (200MSma). The short- and medium-term trend setup at these levels; in case of a daily and weekly close below $1,212, the metal will drift towards $1,185, $1,150 and may be even lower to $1,120 levels. Twice these levels pushed the metal from the lower levels. In June 2013 the metal made a low at $1,180, hit the 200MEma, but 200MSma helped the metal to push higher levels and in December 2013 the situation repeated. Currently the metal testing its fortune at the same support zones again. If this time the metal holds the support, it will give a good rally again, but the chances are very remote. We can still see the bear image in the metal chart.

Support $1,212, $1,185-$1,180, $1,120

Resistance $1,228, $1,242, $1,254

More analysis - at instaforex.com

InstaForex Gertrude · Guru

GBP/USD Intraday Technical analysis

Technical outlook and chart setups:

Gold had produced a doji yesterday around $1,213.00/15.00 levels. Potential indications from here are for a reversal or at least a pullback towards the $1,280.00 region (fibonacci 0.618 resistance of fall from $1,300.00 to $1,208.00). The metal needs to at least clear $1,240.00 levels to confirm, that bulls are ready to take control back. Immediate support is seen around $1,200.00 levels, followed by $1,180.00, while resistance is seen at $1,240.00, followed by $1,273.00 and higher up respectively. As seen here, the metal is in process to produce a morning star bullish reversal candlestick pattern. It is recommended to plan a long entry after the above signal is confirmed on the daily chart view.

Trading recommendations:

Remain flat for now. Looking to go long.

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InstaForex Gertrude · Guru

Technical analysis of AUD/USD for September 30, 2014

The AUD/USD pair had fallen from the level of 0.8920, and the decline was extended further to as low as 0.8720 yesterday; furthermore, the price has been below 23.6% of Fibonacci retracement levels in the daily chart. Additionally, it should be noted that the price has formed strong resistance at the 0.8920 level and minor resistance at 0.8780. Moreover, this strong level has still been trapped between 23.6% of Fibonacci retracement levels and 00% in the daily chart. As it is known, history usually repeats itself at a certain level. So it will be of the wisdom to use historic quotes to determine future prices; hence, it is probably that the market will show bearish signs again in order to indicate a bearish opportunity at the level of 0.8780 with targets towards the strongest support around the 0.8659 level. Equally important, the market will form a range between two important levels of 0.8720 and 0.8660, so the range will be 80 pips precisely on the last day of September. Also, it should be noted that the double bottom will set at the level of 0.8659.

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InstaForex Gertrude · Guru

Technical analysis of USD/JPY for October 09, 2014

In Asia, Japan will release the Core Machinery Orders m/m, Prelim Machine Tool Orders y/y, and the US will release some economic data such as Unemployment Claims, Wholesale Inventories m/m. Natural Gas Storage, 30-y Bond Auction. So there is a big probability the USD/JPY will move with low to medium volatility during the day. TODAY

TECHNICAL LEVELS:

Resistance. 3: 108.68.

Resistance. 2: 108.45.

Resistance. 1: 108.24.

Support. 1: 107.99.

Support. 2: 107.78.

Support. 3: 107.56.

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InstaForex Gertrude · Guru

Daily analysis of USDX for October 10, 2014

The USDX conducted a small rebound at the support level of 85.18, where this instrument is trying to form a lower low pattern to fall to the support level of 84.29. However, the USDX could head back on the bullish road because it could rise to the resistance level of 86.20.

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InstaForex Gertrude · Guru

Technical analysis of GBP/JPY for October 13, 2014

In the previous session, the pair finally broke the 50 and 100Dsma and closed below those levels. In the weekly chart, the pair broke the 20Wsma and closed below this as well. On the down side the pair has support at 172.00 200Dsma, 171.60, the 80% fib level, 171.00 and 170.60 200Dema levels. In the near and short term, the support zone is between 171.00 and 170.60 levels. In case if this week it closes below 171.00, we can expect strong sell-offs again towards 169.50. In case if the pair closes below the base of the ascending triangle, we can expect another free fall in the short and medium term. The pair has resistance at 173.45 20Wsma and 173.75. Until the price closes below 173.75, use every rise to sell.

Support: 172.00, 171.00, 170.60.

Resistance: 173.35, 173.75, 174.24.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of USD/JPY for October 15, 2014

In Asia, Japan will release the 30-y Bond Auction, Revised Industrial Production m/m, and the US will release some economic data such as PPI m/m, Retail Sales m/m, Core PPI m/m, Empire State Manufacturing Index, Business Inventories m/m, Beige Book, Federal Budget Balance. So there is a big probability the USD/JPY will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 107.70.

Resistance. 2: 107.49.

Resistance. 1: 107.28.

Support. 1: 107.03.

Support. 2: 106.82.

Support. 3: 106.60.

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InstaForex Gertrude · Guru

Technical analysis of GBP/CHF for October 14, 2014

Technical outlook and chart setups:

The GBP/CHF extends its drop below 1.5100 levels for now, and just about to break below the line of support as depicted here. A confirm break below the trend line and subsequently 1.4970 levels, would indicate that a top is in place and that rallies could be sold. It is recommended to remain flat for now and wait for a reaction at current levels. Support is seen at 1.4970, followed by 1.4750 and lower while resistance is seen at 1.5450 and 1.5550 respectively. The 1.5400 levels could be resistance for subsequent rallies from here on.

Trading recommendations:

Remain flat for now. Aggressive trade setup could be to initiate long positions for a counter trend rally, stop at 1.4940, target is at 1.5400.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of USD/JPY for October 17, 2014

In Asia, Japan will not release any economic reports, but the US will release some economic data such as Building Permits, Housing Starts, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations, and the Fed Chair Yellen Speechaks. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 106.87.

Resistance. 2: 106.66.

Resistance. 1: 106.45.

Support. 1: 106.19.

Support. 2: 105.98.

Support. 3: 105.77.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Daily analysis of GBP/USD for October 20, 2014

In the H4 chart, the GBP/USD continues to consolidate above the support level of 1.6051, so this pair has formed a fractal near the 1.6110 level, which could exert strong resistance on the GBP/USD. This pair is approaching the 200-day moving average resistance at the level of 1.6226, which would be the nearest bullish target on the road.

H4chart's resistance levels: 1.6100 1.6226

H4 chart's support levels: 1.6051 - 1.6004

The GBP/USD has found strong resistance at the level of 1.6117. This pair is still trying to consolidate above this level. On the H1 chart, the MACD indicator remains in negative territory and GBPUSD has made a rebound at 200 SMA.

More analysis - at nstaforex.co

InstaForex Gertrude · Guru

Technical analysis of GBP/CHF for October 21, 2014

Technical outlook and chart setups:

The GBP/CHF pair has bounced off the 1.5000 levels as expected and reached initial resistance at 1.5200/50 as seen here. The pair is expected to pullback towards 1.5100 and further rally towards 1.5320/30 at least. Immediate support is seen at 1.4975, followed by 1.4750/60 and lower, while resistance is at 1.5320/30, followed by 1.5450, 1.5550 respectively. It is recommended to to book profits on long positions taken earlier, and again enter at 1.5100; risk remains at 1.4950. The structure indicates that a top might be in place at 1.5550 and that bears should remain in control till prices remain lower than 1.5500/50. The current rally could just be a counter trend.

Trading recommendations:

Book profits on long positions. Again enter buying around 1.5100 levels, stop is below 1.4950, target is 1.5320.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Daily analysis of major pairs for October 22, 2014

EUR/USD: The EUR/USD is now experiencing a pullback in the context of
an uptrend. The pullback may offer another opportunity to go long;
unless the price goes below the support line at 1.2700, which would
put the bullish outlook in jeopardy. With the continuation of the
bullish trend, the price could reach the resistance line at 1.2800
again.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Daily analysis of major pairs for October 22, 2014

EUR/USD: The EUR/USD is now experiencing a pullback in the context of
an uptrend. The pullback may offer another opportunity to go long;
unless the price goes below the support line at 1.2700, which would
put the bullish outlook in jeopardy. With the continuation of the
bullish trend, the price could reach the resistance line at 1.2800
again.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis on EUR/USD for October 24, 2014

The greenback is supported by the strong US weekly jobless claims numbers. On Wednesday's session the pair was falling below the ascending symmetric triangle, closed below that and 20dsma as well. In yesterday's session, the pair was rejected at the 20Dsma level. The initial resistance level was at 1.2689 levels. Until the pair closes above 1.2690, sell on every rise. In the h4 chart, the prices are facing a strong resistance level at 12DEMA. On the downside, the pair has support at 1.2625, below this, 1.2606, 1.2584 and 1.2578 are open targets. The selling pressure will increase below 1.2578 (the 80.0 fib level) towards the previous lows at 1.2500 which are strong support and key trend decider levels. On the other side, 1.2676, above 1.2686, 1.2710 and 1.2740 are strong resistance levels. We recommend fresh selling below 1.2625 or wait for an upswing to start selling at 1.2740 levels.

Trade- Selling below 1.2625

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