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Instaforex Analysis

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Re: Instaforex Analysis

Postby IFX Gertrude » Mon Oct 22, 2012 9:27 am

EUR/USD Intraday Technical Levels for October 22, 2012

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Today's Support and Resistance Levels:

Breakout BUY Level: 1.3085.

Strong Resistance: 1.3077.

Original Resistance: 1.3065.

Inner Sell Area: 1.3052.

Target Inner Area: 1.3022.

Inner Buy Area: 1.2991.

Original Support: 1.2979.

Strong Support: 1.2967.

Breakout SELL Level: 1.2959.


Description

Today EUR/USD has support and resistance at 1.2979 and 1.3065. The rate is accompanied by strong support at 1.2967 and by 1.3077 as strong resistance.
If EUR/USD breaks out and closes below 1.2959 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and close above 1.3085 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2991 and at 1.3052 a SELL position. In this case both targets should be located at the level of 1.3022.

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Re: Instaforex Analysis

Postby IFX Gertrude » Tue Oct 23, 2012 10:34 am

USD/JPY Intraday Technical Levels for October 23, 2012

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TODAY's TECHNICAL LEVELS:

Resistance 3: 80.29.

Resistance 2: 80.13.

Resistance 1: 79.97.

Support 1: 79.78.

Support 2: 79.62.

Support 3: 79.46.


Description

Please, pay attention to the levels of support 3 (79.46) and resistance 3 (80.29). In general, 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.


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Re: Instaforex Analysis

Postby IFX Gertrude » Wed Oct 24, 2012 9:28 am

EUR/USD: Technical Analysis for October 24, 2012

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Overview:

The EUR/USD pair has broken the resistance level and turned towards the support level near the two-month point of 1.2903. Therefore, the pair has already formed a strong support at 1.2803 / 1.2894. Moreover, having failed to close below 1.2900 yesterday, the pair started showing a bullish reaction at this level. It is necessary to mention that these levels coincide with strong levels for bulls on H4 chart; the pair has also formed a strong support at the level of 1.2803 / 1.2894. The pair will move upwards, it is convincing; the structure of the upside movement does not look corrective and is indicating a bullish opportunity above 1.2803. This can be a good sign for buy deals above 1.2803 / 1.2894 with the first target at 1.2970 initiating an uptrend in order to continue the bullish mood towards the point of 1.3015 and further to 1.3130. If the trend breaks the weekly pivot point (1.3017), then the pair will go upwards to these targets. However, it should also be noted that the price is still between 1.3090 and 1.2955, as the last strong resistance level (1.3140) is still able to begin a downtrend at this level. Thus, the market indicates a bearish opportunity at the level 1.3140 on H4 chart with the first target at 1.3090 and continues towards 1.3000.

Weekly Pivot Points:

R3: 1.3392
R2: 1.3266
R1: 1.3143
PP: 1.3017
S1: 1.2894
S2: 1.2768
S3: 1.2645

Observation (s):

If the trend is ascending, then the strength of the currency will be defined as following: EUR is an uptrend and USD is a downtrend.
Most of the traders use the Fibonacci retracement to determine accurately the psychological support and resistance levels.
Stop loss should NEVER exceed your maximum exposure amounts.
The market has a high volatile as usual if the last day had a huge volatility.


More analysis - at instaforex.com
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Re: Instaforex Analysis

Postby IFX Gertrude » Thu Oct 25, 2012 10:28 am

USD/JPY Intraday Technical Levels for October 25, 2012

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TODAY's TECHNICAL LEVELS:

Resistance 3: 80.34.
Resistance 2: 80.18.
Resistance 1: 79.96.
Support 1: 79.78.
Support 2: 79.62.
Support 3: 79.46.


DESCRIPTION:

Please, pay attention to the levels of support 3 (79.46) and resistance 3 (80.34). In general, 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
Learn more about InstaForex Company at http://instaforex.com
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