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InstaForex Gertrude · Guru

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InstaForex Gertrude · Guru

Technical analysis of Silver for October 28, 2014

Technical outlook and chart setups:

Silver is trading at the support region around $17.00 levels for now. The metal could be preparing to rally towards $17.50/60 levels at least, if not higher from here. Hence, it is recommended to remain long for now, risk remains at $16.60. The metal still continues to be in a trading range, where support is around $17.00 and resistance is around $17.60/70 respectively. The metal is supported by $16.60 for now and bulls should remain in control till prices remain above the same. Resistance is seen at $18.00, followed by $18.50 and higher respectively.

Trading recommendations:

Remain long, sset stop at $16.40, target is open.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of Gold for October 29, 2014

Technical outlook and chart setups:

The 4H chart view presented here indicates that Gold could still dip towards $1,210.00 levels before resuming rally. As seen here, the $1,210.00 level is fibonacci 0.618 support of the rally between $1183 and $1,255.00. Furthermore it is also the extension of the drop from $1,255.00 to $1,225.00/26.00 levels. Support is seen at $1,205.00, followed by $1,183.00, while resistance is seen at $1,255.00 (interim), followed by $1,275.00 and higher respectively. It is recommended to look to enter buying around $1,210.00 levels as a safe trading strategy. On the flip side, the metal is expected to face resistance around $1,240.00 levels, if a rally is materialized from current levels. An aggressive trade strategy cold be to initiate short positions there. ($1,240.00).

Trading recommendations:

Short around $1,240.00 if the metal rallies from current levels, set stop above $1,255.00, target is $1,210.00. OR Initiate long positions after a dip at $1,210.00 levels.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Forecast and trading recommendations on EUR/JPY for Octoebr 30, 2014

The cross is trading at 3-week high. The cross managed to breach the 20Wsma, but was unable to sustain above that. In the daily chart, we can see the minor double top at 137.75 levels on a closing basis. On a monthly closing basis, the pair must close above 138.48 levels. In case, if the cross closes below 138.48 we can clearly see the double top formation in the monthly charts representing a downward move towards 135.45 levels. In case, if the cross manages to close above 138.48 the pair can extend its upswing towards 139.40 and 139.90 levels. Including today, we have 1 more trading session left in the current month. In the longer term picture we can see the 131.40 and 129.0 breaks, below this, another steep correction towards 2013 February and March lows. In the current month, the cross erased the 3/4th of its losses. We will re-analyze the chart in case if the pair closes above 138.48 on a monthly closing basis. The Euro is weaker than the Yen.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of Gold for November 03, 2014

Technical outlook and chart setups:

Gold dropped to $1,160.00 levels taking out long positions yet again. A weekly chat view has been presented here for a larger trend view. A support trend line connecting the 2004/05 and 2008/09 lows is passing through the $1,150.00/$1,160.00 levels. The fibonacci 0.618 support of the rally between $680.00 and $1,900.00 is also passing through the $1,154.00 levels as depicted here. Furthermore, a past resistance turned support is also converging at the same levels. With all the above views, probabilities are high that the metal should bottom out between $1,150.00 and $1,160.00 levels. A bullish reversal signal should be watched for on the daily chart before confirming the same.

Trading recommendations:

Remain flat for now. Signal confirmation is required between $1,150.00 and $1,160.00 levels.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

]Technical analysis of USD/JPY for November 04, 2014

In Asia, Japan will release the Final Manufacturing PMI and the US will release some economic data such as Trade Balance, Factory Orders m/m, IBD/TIPP Economic Optimism, Congressional Elections. 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: 114.24.

Resistance. 2: 114.02.

Resistance. 1: 113.79.

Support. 1: 113.52.

Support. 2: 113.30.

Support. 3: 113.07.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of EUR/JPY for November 05, 2014

This week's major event is the Thursday ECB press conference. This time we are not expecting further easing in the EU. In this case the euro will recover against USD and JPY. Today traders eye the BOJ monetary policy meeting minutes. The EUR/JPY cross has been trading on a highly bullish note for 4 weeks. The cross has parallel resistance between 143.44 and 143.78. In the weekly and monthly charts the cross gave an upside breakout. We can expect strong momentum only above 143.78 levels. As of now, today the cross made a high at 142.79 levels. After a huge spike, the prices are corrected well and again are moving higher. We expect the prices to move towards 143.40 and 143.50 levels. We recommend fresh intraday buying only above 142.79 levels. The intraday support exists at 142.20, below this, 141.70 levels. We recommend safe selling below 141.70 for targets at 139.75 levels. Risky traders can sell below 141.90 levels.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of GBP/CHF for November 06, 2014

Technical outlook and chart setups:

The GBP/CHF had pulled back from 1.5450 levels earlier, which is also marked by fibonacci 0.786 resistance as seen here. The pair is now expected to continue drifting lower till prices remain below 1.5450 levels. Resistance is seen at 1.5475, followed by 1.5550/5, while support is seen at 1.5200, followed by 1.5125, 1.4975 and lower respectively. It is recommended to remain short for now, risk remains above 1.5550. Bears are expected to remain in control for now, till prices remain below 1.5450 levels. On the flip side, a push above 1.5450/75 levels would delay matters further.

Trading recommendations:

Remain short, set stop above 1.5550, target is open.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Daily analysis of major pairs for November 7, 2014

EUR/USD: The EUR/USD has been able to reach our weekly target at 1.2450. The price has even gone far below that level, owing to the continuous stamina in the USD. The price now targets the support line at 1.2350, which might be breached today or early next week.

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InstaForex Gertrude · Guru

Daily analysis of USDX for November 10, 2014

The USDX has made an interesting pullback at the level of 87.95 on the daily chart. Because of this bearish pattern, the USDX could make a breakout at the support level of 87.35 and fall to the level of 86.20. However, we must be cautious in the medium term with the USDX, because this instrument could rise to the resistance level of 88.63. Dailychart's resistance levels: 88.63 / 90.40

Dailychart's support levels: 87.35 / 86.20

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of EUR/JPY for November 11, 2014

Technical outlook and chart setups:

The EUR/JPY pair seems to be retracing its fall from 144.21 to sub 142.00 levels for now. The resistance (fibonacci 0.618), is around 143.40 levels and it is expected to reverse lower from there on. Resistance is at 144.21(interim), followed by 145.50, while support is seen at 140.30, followed by 139.20/30 and lower respectively. A 3 wave correction can be expected, till prices remain below 144.21 levels here. Bears are expected to resume its 3rd leg lower from around current price action (143.40). It is recommended to remain short, risk remains at 144.50 levels. Downside extensions are pointing towards at least 140.00/139.00 levels.

Trading recommendations:

Remain short, stop at 144.55, target is open.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Daily analysis of GBP/USD for November 12, 2014

At the H4 chart, the GBP/USD pair made a bullish consolidation above the support level of 1.5874. The next goal on the bullish road would be the resistance level of 1.5951. We must highlight the fact that this pair has been following the bearish bias for several weeks. So, it's normal to see these corrective movements. The MACD indicator remains in the positive territory.

H4chart's resistance levels: 1.5951 / 1.6004

H4chart's support levels: 1.5874 / 1.5811

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Daily analysis of major pairs for November 13, 2014

EUR/USD: Unlike the Cable, the EUR/USD pair has not traded downwards significantly, though the overall bias has been bearish. As long as the price is below the support line at 1.2500, it would be assumed that the bearish outlook is intact. It is now either the price breaks the support line at 1.2400 or breaks the resistance line at 1.2500 to the upside.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of Silver for November 14, 2014

Technical outlook and chart setups:

Silver has dropped towards $25.30 levels for now. Please note that the current levels is the fibonacci 0.618 support of the rally from $15.00 to $15.80 levels last week. A bullish reversal here would warrant a bullish setup against $15.00. It is recommended to remain long for now, and also look to add positions on a bullish bounce at these levels, risk remains just below $15.00. Interim support is seen at $15.00, followed by $4.60 while resistance is seen at $16.20, followed by $17.50, $17.80/18.00 and higher respectively. Bills to regain control till prices stay above the $15.00 mark.

Trading recommendations:

Remain long, stop at $14.75, target is open.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of Gold for November 17, 2014

Technical outlook and chart setups:

Gold has rallied to $1,195.00 levels in last 2 trading sessions. The metal could still have room left on the higher side. $1,207.00 looks like the next potential immediate target. It is recommended to hold long positions and move risk to $1,145.00. As seen here, the $1,207.00 is a potential resistance and also fibonacci convergence level. A bearish reaction there should be watched for a potential down trend resumption. Immediate support is at $1,145.00, followed by $1,130.00 while resistance is seen at $1,207.00, followed by $1,230.00/35.00, $1,250.00/55.00 and higher respectively.

Trading recommendations:

Remain long, stop at $1,145.00, target is $1,207.00.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Daily analysis of GBP/USD for November 18, 201

The GBP/USD pair continues to find support on the bearish trend line at the level of 1.5635, which is prompting the pair to strengthen the current bearish trend on H4 chart. However, the GBP/USD pair could form a double bottom pattern to rise again to the resistance level of 1.5698. The aforesaid movement may be a corrective move in favor of the bearish trend and the following objective remains at the support level of 1.5512. The MACD indicator remains in the positive territory.

H4chart's resistance levels: 1.5698 / 1.5811

H4chart's support levels: 1.5600 / 1.5512

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Daily analysis of major pairs for November 19, 2014

EUR/USD:

This market also shows protracted efforts by bulls to push the price upwards, as bearish pulls are being rejected. A movement above the resistance line at 1.2600 would mean the end of the bearish bias, leading to a Bullish Confirmation Pattern in the market.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Daily analysis of major pairs for November 20, 2014

EUR/USD: There is now a Bullish Confirmation Pattern in the chart, which would become stronger as the price manages to cross the resistance line at 1.2600 to the upside, closing above it. Moreover, many strong economic figures are expected today and they will have a serious impact on the markets.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Daily analysis of USDX for November 21, 2014

At the H4 chart, the USDX has still been following the bullish trend line at the support level of 87.35. However, the USDX has formed several fractals at the resistance level of 87.93, so this instrument has lost bullish force in the medium term and eventually the USDX could fall to the level of 86.75 next week.

H4chart's resistance levels: 87.93 / 88.19

H4chart's support levels: 87.35 / 87.00

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Daily analysis of USDX for November 24, 2014

In the daily chart, the USDX had a bullish momentum at the support level of 87.35, because this instrument continues forming a pattern for a bullish breakout at the resistance level of 88.63. If successful, it's expected to rise to the level of 90.40. However, caution is advised with sell orders in the long term, because the USDX intends to continue strengthening the bullish trend.

Dailychart's resistance levels: 88.63 / 90.40

Dailychart's support levels: 87.35 / 86.20

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Daily analysis of major pairs for November 25, 2014

EUR/USD: After testing the support line at 1.2400, this market trended upwards. There is still a Bearish Confirmation Pattern in the market, which can only be rendered invalid when the price goes above the resistance line at 1.2600. Otherwise, the price may go further downwards from here.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Daily analysis of major pairs for November 26, 2014

EUR/USD: This currency trading instrument is making some commendable effort to go bullish, though some odds are still against it. An upward movement of over 110 so far this week is formidable enough, and when price goes above the resistance line at 1.2600, then things would have gone bullish. However, this goal is not currently easy to achieve.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Daily analysis of GBP/USD for November 27, 2014

On the daily chart, the GBP/USD pair gained a bullish momentum above the support level of 1.5746, where the pair is trying to reach the level of 1.5883. If the GBP/USD pair manages to make a breakout in that area, the next target would be the 1.6046 level. However, the GBP/USD pair could enter a phase of consolidation in the coming days due to low liquidity expected on the American markets. The MACD remains in the positive territory.

Dailychart's resistance levels: 1.5883 / 1.6046

Dailychart's support levels: 1.5746 / 1.5642

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of EUR/USD for November 28, 2014

When the European market opens, some economic news will be released such as German Retail Sales m/m, French Consumer Spending m/m, Italian Monthly Unemployment Rate, Italian Quarterly Unemployment Rate, CPI Flash Estimate y/y, Core CPI Flash Estimate y/y, Unemployment Rate, and Italian Prelim CPI m/m. The US will not release any economic reports. So, in this context EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.2513.

Strong Resistance:1.2505.

Original Resistance: 1.2493.

Inner Sell Area: 1.2481.

Target Inner Area: 1.2451.

Inner Buy Area: 1.2421.

Original Support: 1.2409.

Strong Support: 1.2397.

Breakout SELL Level: 1.2389.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of EUR/USD for December 02, 2014

When the European market opens, some economic news will be released such as Spanish Unemployment Change and PPI m/m. Besides, the US will release the economic data too such as the Construction Spending m/m and Total Vehicle Sales. So, amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.2526.

Strong Resistance:1.2528.

Original Resistance: 1.2516.

Inner Sell Area: 1.2504.

Target Inner Area: 1.2474.

Inner Buy Area: 1.2444.

Original Support: 1.2432.

Strong Support: 1.2420.

Breakout SELL Level: 1.2412.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Daily analysis of major pairs for December 3, 2014

EUR/USD: EUR/USD traded downwards on Tuesday, breaking below the resistance line at 1.2400. The resistance line is now an immediate barrier to any rallies that may be initiated by the bulls. Meanwhile, price may trend further downwards towards the support line at 1.2350.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Daily analysis of USDX for December 04, 2014

On the daily chart, the USDX is making a breakout at the level of 88.63, so massive buy orders in this instrument could lead the US dollar to reach a historic high levels at 90.40. However, like any sharp movement, the USDX could form another bullish pattern above the support level of 88.63. The MACD indicator is entering the neutral territory. Daily chart's resistance levels: 90.40 / 89.00

Dailychart's support levels: 88.63 / 87.35

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of USD/CAD for December 5, 2014

Overview:

The trading recommendations today will give its impact in the short term. Also, we should remember that history will probably repeat itself at this level again. Thus, according to the previous events, the USD/CAD pair is going to move between 1.1313 and 1.1454. In particular, the double bottom has set at the price of 1.1314 and the support is represented at the same level on H4 chart. Consequently, the trend may fail to close below the strong support at 1.1313. So, buy below the level of 1.1313 with the first target at 1.1418, then it will be continued towards 1.1554 in order to test this strong support. The stop-loss is to be placed below the level of 1.1313. On the other hand, the strong resistance will be formed at the level of 1.1465 (100% Fibonacci retracement levels) providing a clear signal for sell deals with the targets seen at 1.1420 and 1.1393.

Intraday technical levels:

Date:5/12/2014 Pair:USD/CAD

R3: 1.1463

R2: 1.1430

R1: 1.1406

PP: 1.1373

S1: 1.1349

S2: 1.1316

S3: 1.1292

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Daily analysis of major pairs for December 9, 2014

EUR/USD: After testing the support line at 1.2250, EUR/USD price bounced upwards, and the upwards bounce can continue a bit further upwards. For the upwards bounce to be strong enough to threaten the existing bearish bias, it must go above the resistance line at 1.2500; otherwise this may be another opportunity to sell short.

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InstaForex Gertrude · Guru

Technical analysis of EUR/USD for December 10, 2014

When the European market opens, some economic news will be released such as French Final Non-Farm Payrolls q/q and French Industrial Production m/m. The US will release the economic data too such as the Crude Oil Inventories, 10-y Bond Auction, Federal Budget Balance. So, amid the reports, EUR/USD will move low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.2446.

Strong Resistance:1.2439.

Original Resistance: 1.2427.

Inner Sell Area: 1.2415.

Target Inner Area: 1.2386.

Inner Buy Area: 1.2358.

Original Support: 1.2345.

Strong Support: 1.2334.

Breakout SELL Level: 1.2327.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Daily analysis of GBP/USD for December 11, 2014

The GBP/USD pair is conducting a breakout at the level of 1.5698, because this pair intends to go up to where the 200-day moving average is located on the H4 chart. This move is probably since the GBP/USD pair managed to consolidate above the bearish trend line that was putting pressure on the level of 1.5650. However, for the rest of the week, movements in a low range are expected.

H4chart's resistance levels: 1.5811 / 1.5874

H4chart's support levels: 1.5698 / 1.5589

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Elliott wave analysis of EUR/JPY for December 15 - 2014

Technical summary:

Wave c of the correction from 149.13 is developing. Till now, we have seen wave a and b and wave c is currently unfolding. Red wave i ended at 147.69 and red wave ii is unfolding towards the 148.50 - 148.89 area from where the more powerful red wave iii lower to 145.88 is expected. The first target for this correction is found at 144.78. That said, wave c could easily extend lower to 142.05, but for now let's see what will happen as we approach 144.78.

Trading recommendation:

We are short in EUR from 147.97 and will move our stop to break-even and re-sell EUR at 148.50 with stop placed at 149.20 if/when our stop is hit.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of Gold for December 17, 2014

Technical outlook and chart setups:

Gold is trading at sub $1,200.00 levels after making highs at $1,222.00/23.00 yesterday. The yellow metal remained just shy of the $1,270.00/80.00 mark, which is defined as the best buy for now. Immediate support is seen at $1,170.00, followed by $1,142.00, $1,130.00 and lower while resistance is seen at $1,255.00 and higher respectively. It is recommended to initiate long positions around $1,170.00/80.00 levels, risk remains below $1,140.00. Bulls are expected to remain in control till prices stay above $1,140.00. A break there could be extremely bearish and push prices lower into the $1,030.00/50.00 region.

Trading recommendations:

Remain flat for now, look to buy around $1,170.00/80.00 levels.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of USD/JPY for December 18, 2014

No economic data is expected in Japan today. As for the US, it will release some economic data such as Natural Gas Storage, CB Leading Index m/m, Philly Fed Manufacturing Index, Flash Services PMI, and Unemployment Claims. So, there is a big probability the USD/JPY pair will move with low volatility during the Asian session, but with low to medium volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 119.28.

Resistance. 2: 119.05.

Resistance. 1: 118.82.

Support. 1: 118.54.

Support. 2: 118.31.

Support. 3: 118.07.
More analysis - at instaforex.com

InstaForex Gertrude · Guru

USDX Technical analysis for December 19, 2014

The Dollar index is making a short-term pullback as expected by our previous post. However, a trend remains bullish in all time frames. The longer-term target since early October is the 91 level as this is the bullish flag break out target.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

USDX Technical analysis for December 22, 2014

The Dollar index as expected after the strong reversal, is now making new highs getting closer to our target of 91 given some time ago by my bullish flag analysis. Bulls remain in control after the sharp upward reversal we saw last week. Bulls should continue to support this upward move as it seems that it has only just started.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Gold Technical analysis for December 23, 2014

Gold price has broken the neckline and has given a short-term sell signal. The target for the Head and Shoulders pattern I mentioned yesterday is the recent lows at $1,140-30. I'm bearish for Gold. Gold is at a short-term downtrend and in danger of starting a new downward move that could bring the price near $1,050.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Daily analysis of major pairs for January 5, 2015

EUR/USD: The EUR/SUD trended downwards on Friday, closing below the resistance line at 1.2050. The support line at 1.2000 is being tested and with further exertion of selling pressure, it may be breached to the downside. After this, the price may then go for another support line at 1.1950.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Daily analysis of major pairs for January 7, 2015

EUR/USD: The bias here is bullish and the price may go further downwards, reaching the support line at 1.1850. There is a recalcitrant resistance line at 1.2000, which could be a great hurdle to the bulls interests.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of gold for January 08, 2015

Technical outlook and chart setups:

Gold seems to be preparing to correct deeper into $1,200.00 and subsequently $1,185.00 levels for now. It is therefore recommended to book partial or full profits on long positions taken earlier and wait for correction to finish before entering again. Immediate support is seen at $1,200.00 followed by $1,189.00, $1,170.00 and lower, while resistance is seen at $1,238.00/40, $1,250.00 and higher respectively. Bulls are poised to remain in control as long as prices stay above $1,170.00 levels, but a break below the trend line would delay matters further.

Trading recommendations:

Book profits on long positions taken earlier, remain flat for now.

More analysis - at nstaforex.com

InstaForex Gertrude · Guru

Technical analysis of gold for January 09, 2015

Technical outlook and chart setups:

A daily chart view has been depicted here again for a larger view of wave structures. Gold had bounced off the support from $1,170.00 levels and reached $1,220.00/23.00 levels before pulling back. At the moment, the metal can be seen testing a dropping resistance trendline. A bullish bounce from current levels could possibly push the metal higher into $1,235.00 and higher levels. Another possibility still remains for a drop into $1,190.00 levels before rallying further. It is recommended to remain flat for 1-2 days and watch out for a reaction at the trendline. Immediate support is at $1,200.00 levels followed by $1,190.00 and lower while resistance is seen at $1,235.00 levels, followed by $1,255.00 and higher respectively.

Trading recommendations:

Remain flat for now. Look to buy lower.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Weekly technical levels for GBP/USD for January 12-16, 2015

Forecast:

According to the previous events, the price of GBP/USD pair has still been trapped between 1.5068 and 1.5255. The level of 1.5306 represents strong resistance. Also, it should be noted that the price of 1.5318 coincides with the ratio of 100% Fibonacci retracement levels. The minor support has set at the level of 1.5102. Hence, we expect a range about 58 pips on January 12. Therefore, the market is going to call for a downtrend from the level of 1.5285. Thus, sell below the level of 1.5285 in the short term with the first target of 1.5143, it might resume to 1.5053 if the trend will be able to break the weekly pivot point at the level of 1.5171. It should be noted that the weekly support 1 will set at 1.5023.

Notes:

According to our statistics, it was found out that the range was between 240 pips and 285 pips and the average range was around 266 pips. Major support will set at 1.5023 on January 12, 2015. The level of 1.5170 represents the weekly pivot point. Major resistance has already set at the price of 1.5306. It should be noted that the weekly range was not very large for the last four weeks.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Technical analysis of NZD/USD for January 13, 2015

Forecast:

According to the previous events, the NZD/USD pair has still been moving between 0.7835 and 0.7745. Strong resistance will be formed at the level of 0.7864 (the double top on H1 chart) providing a clear signal for sell deals with the targets seen at 0.7791 and 0.7740. Stop-loss is to be placed above 0.87893. The strong level (support) will be formed at the mark of 0.7741 providing a clear signal for buy deals with the target seen at the 0.7835 level. Stop-loss is to be placed below 0.7719.

Notes:

The level of 0.7780 is representing the daily pivot point. The double top will be set at the level of 0.7864. We expect a range of 62 pips today. But it should be noted that the risk of 42 pips must make a profit of 63 pips. Volatility: 162.451. Therefore, the market indicates the higher volatility. The value of 50% Fibonacci retracement levels is 0.7741 (for confirming for the bullish market).

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Daily analysis of major pairs for January 14, 2015

EUR/USD: This currency trading instrument still has the potential to continue trading further down in the context of the existing bearish trend. When the support line at 1.1750 is breached to the downside, it would ensure more southerly trip towards another support line at 1.1700.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Daily analysis of USDX for January 20, 2015

The USDX is still following the bullish bias in the long term, because this instrument was forming a higher high pattern above the support level of 91.88 and during the last days, the bullish momentum has unleashed the buy orders at the USDX, giving it a good road to perform a consolidation above the resistance level of 93.02 in the near term. The MACD indicator is trying to enter the negative territory.

More analysis - at instaforex.com

InstaForex Gertrude · Guru

Daily analysis of major pairs for January 21, 2015[

EUR/USD: This is a weak market and the recent bullish attempt in it was being thwarted by bearish effort. The price is currently below the resistance line at 1.1550 and it may reach the support line at 1.1500.

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InstaForex Gertrude · Guru

Technical analysis of EUR/JPY for January 26, 2015

Technical outlook and chart setups: The EUR/JPY pair has dropped by 5 waves down from 149.80 to sub 131.00 levels, depicted with arrows here. It looks like the pair is preparing for a counter trend rally that could extend towards 142.30 levels. Immediate support is seen at sub 130.00 levels, while resistance is seen at 133.00 respectively. A break above 133.00 would confirm that the rally has resumed and it would be recommended to initiate long positions on dips there after. As discussed earlier, the bigger picture indicates that EUR/JPY might be heading into a deeper correction lower towards 115.00/116.00 levels. For now, a 3-wave counter trend rally seems more probable.

Trading recommendations: Could buy on dips after 133.00 breaks.

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InstaForex Gertrude · Guru

Daily analysis of major pairs for January 27, 2015

EUR/USD: After testing the support line at 1.1100, the EUR/USD pair bounced upwards by over 190 pips. The upward bounce pales into insignificance when compared to the overall bearish bias, which is now very strong. In other words, the current upward bounce is better seen as a clean opportunity to sell short as the price rallies in the context of a downtrend.

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InstaForex Gertrude · Guru

Daily analysis of GBP/USD for January 28, 2015

The GBP/USD pair had another bullish session during yesterday, as this pair is trading close to the resistance level of 1.5247. Remember that a breakout on that zone could activate buy orders on this pair to the nearest resistance level of 1.5491. Anyway, from a general view, the GBP/USD pair is still forming a bearish pattern and that bias is still valid.

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InstaForex Gertrude · Guru

Daily analysis of major pairs for January 29, 2015

EUR/USD: The situation on this pair is nearly similar to that of EUR/JPY. From the beginning of this week, the market moved upward by roughly 300 pips, reaching the resistance line at 1.1400. From that line, the market has begun another phase of bearish movement in conjunction with the overall bias which is bearish.

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