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Instaforex Analysis

Postby IFX Gertrude » Fri Oct 05, 2012 9:51 am

EUR/JPY Intraday Technical Analysis

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The spot rate is currently testing the intermediate support of its medium-term bullish channel at 101.80 suggesting a rebound. However, a break of these levels will reach the lower limit of its channel at 101.60.

Technical indicators provide buy signals and until the support is not broken the assumption of a rebound is most likely. Bollinger bands are much discarded as a result of a strong increase in recent days. Stabilization is expected in the short term.

The spot rate is currently testing the intermediate support of its channel, we suggest 2 scenarios: the first one is the hypothesis of a rebound where we recommend a buy on the level of 101.80 with the 1st objective at 102.40 and then at 102.60. A breakthrough of 101.60 will invalidate this scenario. The second scenario is a break of its support where we advise a “sell stop” which means to sell the spot rate as soon as it is broken through its support of 101.80 with the 1st objective at 101.20 and then at 101.00. A breakthrough of 101.60 will invalidate this scenario.

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Re: Instaforex Analysis

Postby IFX Gertrude » Mon Oct 08, 2012 9:21 am

USD/JPY Intraday Technical Levels for October 08, 2012

TODAY's TECHNICAL LEVELS:

Resistance 3: 79.08.
Resistance 2: 78.92.
Resistance 1: 78.77.
Support 1: 78.58.
Support 2: 78.43.
Support 3: 78.27.

DESCRIPTION:

Please, pay attention to the levels of support 3 (78.27) and resistance 3 (79.08), 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 » Tue Oct 09, 2012 9:56 am

USD/JPY Intraday Technical Levels for October 09, 2012

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Today's Technical Levels:

Resistance 3: 78.68.

Resistance 2: 78.53.

Resistance 1: 78.37.

Support 1: 78.18.

Support 2: 78.02.

Support 3: 77.86.


Description:

Please, pay attention to the levels of support 3 (77.86) and resistance 3 (78.68). 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
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Re: Instaforex Analysis

Postby IFX Gertrude » Wed Oct 10, 2012 10:43 am

1.4900 Still Remains A Possibility For GbpChf

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Technical Outlook and Chart Setups:

As it was discussed yesterday, the single currency pair produced Bullish Engulfing Pattern just shy of 1.4900 level. Longs were recommended around 1.5 level and prices still have a bit more room left on the upside. Sequence of lower lows and lower highs is forming at the moment, so it is suggested to book small profits on long positions. As depicted above, the downside Fibonacci extensions spread through 1.4900 (shown in red). Furthermore, trend line convergence is also at the same level. There is a possibility that prices fall back to 1.4900 and bounce thereafter. On the other side, bulls will gain more makeweight if prices take out 1.5250 resistance from here on. Keeping it simple, taking small profits should be the trade mantra. 1.4900 remains key to the bears, while 1.5250 remains key to the bulls.

Trade Recommendations:

Book profits from longs taken yesterday. Scalp between 1.4900 (go long) and 1.5100 (go short).
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Re: Instaforex Analysis

Postby IFX Gertrude » Thu Oct 11, 2012 10:18 am

USD/JPY Intraday Technical Levels for October 11, 2012

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TODAY'S TECHNICAL LEVELS:

Resistance 3: 78.49.

Resistance 2: 78.34.

Resistance 1: 78.18.

Support 1: 77.99.

Support 2: 77.84.

Support 3: 77.68.


DESCRIPTION:

Please, pay attention to the levels of support 3 (77.68) and resistance 3 (78.49). 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
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Re: Instaforex Analysis

Postby IFX Gertrude » Fri Oct 12, 2012 9:16 am

USD/JPY Intraday Technical Levels for October 11, 2012

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TODAY'S TECHNICAL LEVELS:

Resistance 3: 78.49.

Resistance 2: 78.34.

Resistance 1: 78.18.

Support 1: 77.99.

Support 2: 77.84.

Support 3: 77.68.


DESCRIPTION:

Please, pay attention to the levels of support 3 (77.68) and resistance 3 (78.49). 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
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Re: Instaforex Analysis

Postby IFX Gertrude » Mon Oct 15, 2012 10:33 am

EUR/JPY - Elliott Wave Analysis for October 15 - 2012

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Today's Support and Resistance Levels:

S1: 101.17 R1: 101.52

S2: 100.90 R2: 101.68

S3: 100.71 R3: 101.91


Technical Overview:

Our Triangle scenario continues to work as it was expected. We reached the lower part of our target in the range 101.89 to 102.08 with the test of 101.91 on Friday. It could be entire wave D of the Triangle, but as the Triangle draws to its conclusion it becomes more difficult to separate the waves. However, if we break back above 101.51 we should see a move closer to the top of our range at 102.08. If we do not see a break above 101.51, but we will do it below 100.88, we could see wave E towards 100.55, which should prove to be a nice buying opportunity as we expect the Triangle to move towards the upside. Triangles always predict the last rally in the direction of the underlying trend, which means that once the Triangle has finished and we have seen a break towards the upside we know that there will be the last rally higher starting from 94.10.


Trading Recommendation:

We were long EUR from 100.25 and took profit on Friday at 101.85. Now we are looking to re-buy EUR. We will buy EUR at 100.65 or upon a break above 102.80.

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Re: Instaforex Analysis

Postby IFX Gertrude » Tue Oct 16, 2012 11:33 am

EUR/JPY Intraday Technical Analysis

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The spot rate is currently testing the upper limit of its medium-term bearish channel at 102.30 suggesting a decline. However, a break of these levels will initiate a bullish channel.

Technical indicators do not provide clear signals but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.

The spot rate is currently testing the upper limit of its channel, we suggest 2 scenarios. The first one is the hypothesis of a decline where we recommend a sell on the level of 102.30 with the 1st objective at 101.70 and then at 101.50. A breakthrough of 102.50 will invalidate this scenario. The second scenario is a break of its resistance where we recommend a “buy stop” which means to buy the spot rate as soon as it is broken through its resistance of 102.30 with the 1st objective at 102.90 and then at 103.10. A breakthrough of 102.10 will invalidate this scenario.

More analysis - at instaforex.com
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Re: Instaforex Analysis

Postby IFX Gertrude » Wed Oct 17, 2012 9:33 am

EUR/USD Intraday Technical Levels for October 17, 2012

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TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.3167.

Strong Resistance: 1.3158.

Original Resistance: 1.3148.

Inner Sell Area: 1.3135.

Target Inner Area: 1.3103.

Inner Buy Area: 1.3072.

Original Support: 1.3060.

Strong Support: 1.3047.

Breakout SELL Level: 1.3039.


DESCRIPTION:

Today EUR/USD has support and resistance at 1.3060 and 1.3148. It is accompanied by strong support at 1.3047 and by 1.3158 as strong resistance.
If EUR/USD breaks out and closes below 1.3039 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3167 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 1.3072 and at 1.3135 a SELL position. In this case both targets should be located at the level of 1.3103.

More analysis - at instaforex.com
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Re: Instaforex Analysis

Postby IFX Gertrude » Thu Oct 18, 2012 10:03 am

USD/JPY Intraday Technical Levels for October 18, 2012

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TODAY's TECHNICAL LEVELS:

Resistance 3: 79.53.

Resistance 2: 79.38.

Resistance 1: 79.22

Support 1: 79.02.

Support 2: 78.87.

Support 3: 78.71.


DESCRIPTION:

Please, pay attention to the levels of support 3 (78.71) and resistance 3 (79.53). 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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