Wave Analysis by InstaForex

Discussion in 'Other Products & Services' started by IFX Gertrude, Oct 26, 2013.

  1. IFX Gertrude

    IFX Gertrude
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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.
     
  2. hounn56

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    hello anybody know best learnig site how to learn basic Forex invest
     
  3. Fergal

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  4. IFX Gertrude

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    Gold begins retracement. 1,280-1,300 is the best buy

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    Technical outlook and chart setups:
    The metal looks to have begun retracement lower towards the1,280-1,300 area, as seen in the 4H chart. It is recommended to initiate long positions around the fibonacci 0.618 support area at 1,280/90. Though it remains possible that prices may dip further to the 1,275.00 levels before rallying further up. The 1,280/90 area is the best buy due to confluences of Fibonacci retracement levels, backside of the trend line that is support now, and a potential right shoulder of a possible inverted head-and-shoulder reversal here. Only a break of 1,250.00 would be a worry for the bulls now.

    Trading recommendations:
    Look to buy lower from here.

    More analysis - at instaforex.com
     
  5. IFX Gertrude

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    Silver retracement begins. The 21.20/50 levels in sight

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    Technical outlook and chart setups:
    The metal structure is unchanged from what has been discussed recently. The retracement began yesterday as it had been expected few sessions ago, and expectations are towards the 21.20/50 levels at least. Support levels are spread through the 20.50 levels, followed by 19.00 and sub 18.00 levels, while resistance levels are spread through the 23.50 levels, followed by 24.50 and higher, respectively. Till the time 20.50 is intact, the trend has possibly reversed to long-term and higher levels at 25.00 can be expected soon after retracement is finished.

    Trading recommendations:
    Look to buy lower.

    More analysis - at instaforex.com
     
  6. IFX Gertrude

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    GBPCHF bounces off producing Morning Star at 1.44 levels

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    Technical outlook and chart setups:
    The currency pair has bounced off the smartly producing a morning star around the vicinity of the 1.4380/1.44 levels as expected earlier. Also, the fibonacci 0.618 retracement level is seen passing through the same area. It is recommended to hold long positions taken earlier for an expected extension at the 1.49 levels from here on. Temporary resistance is being met at current levels and short-term setbacks are possible, but they should be in the form of retracement only. Intermediary support begins from the 1.4400 levels, followed by 1.42 and 1.4075; while resistance begins from the 1.4800 levels, followed by 1.5 respectively. Look to buy on dips till prices remain above 1.4350.

    Trading recommendations:
    Remain long, set stop at 1.43, target is at 1.49.

    More analysis - at instaforex.com
     
  7. IFX Gertrude

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    EUR/USD intraday technical levels for November 5, 2013

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    Yesterday, after the release of the Italian Manufacturing PMI below the market expectations, the EUR/USD got under pressure to go down. For today, we wait for the US ISM Manufacturing release. All the market participants are now waiting for next Friday to see the US Non Farm Payrolls and the US Unemployment Rate data.

    TODAY's TECHNICAL LEVELS:
    Breakout BUY level: 1.3586.
    Strong Resistance:1.3578.
    Original Resistance: 1.3565.
    Inner Sell Area: 1.3552.
    Target Inner Area: 1.3520.
    Inner Buy Area: 1.3488.
    Original Support: 1.3475.
    Strong Support: 1.3462
    Breakout SELL level: 1.3454.

    DESCRIPTION:
    Today EUR/USD has support and resistance at 1.3475 and 1.3565. The rate is accompanied by strong support at 1.3462 and by 1.3578 as strong resistance. If EUR/USD breaks out and closes below 1.3454 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3586 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 1.3488 and at 1.3552, a SELL position. In this case both targets should be located at the level of 1.3520.

    More analysis - at instaforex.com
     
  8. IFX Gertrude

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    EURJPY testing the support line now. 131.00 is critical for bulls

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    Technical outlook and chart setups:
    The currency pair is found to be testing the immediate trend line support for now. It is still recommended to hold long positions initiated earlier and also plan to buy more. Immediate support is at 131.00, followed by 130.00/128.00 and 125.00; while resistance remains fixed at the 135.00 levels respectively. The bullish trend shall prevail till the time prices remain above the 131.00 levels. On the other hand, if the support line breaks and prices test the 131.00 levels in near future, subsequent rallies must be sold as a change in the trade strategy.

    Trading recommendations:
    Hold long positions, stop is at 131.00.


    More analysis - at instaforex.com
     
  9. IFX Gertrude

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    USD/JPY intraday technical levels for November 7, 2013

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    Today Leading Indicators in Japan will be released and tonight when the US Market opens there will be issues some important news, US Advance GDP q/q. This economic indicator will be a clue for tomorrow US - Non Farm Payrolls economic data release.
    TODAY's TECHNICAL LEVELS:
    Resistance 3: 99.09.
    Resistance 2: 98.85.
    Resistance 1: 98.70.
    Support 1: 98.47.
    Support 2: 98.27.
    Support 3: 98.08.

    DESCRIPTION:
    Please pay attention to the levels of support 3 (98.08) and resistance 3 (99.09). 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
     
  10. IFX Gertrude

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    GBP/JPY technical levels and trading recommendations for November 08, 2013

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    Overview
    As it was expected yesterday, the price closed 4H below the support area of 159.00-159.50 and gave a new opportunity for more bearish signals today. As shown, the price has already broken 158.15 and now is testing the support level of 157.60. Closing below this level again may give us more sell signals till the price tests the support level of 157.00. So we can consider our first target a few pips above this support level then 157.00 as the second level. But we should wait for breaking 157.60 and closing 4H below before making a decision. But the price's closing above the support level of 157.60 cancels the bearish scenario.

    Resistance and support levels: R3 (159.50), R2 (159.00), R1 (158.15), S1 (157.60), S2 (157.00), S3 (156.60).


    More analysis - at instaforex.com
     
  11. IFX Gertrude

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    Silver bounces right at 0.618 Fibonacci retracement.

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    Technical outlook and chart setups:
    The metal fell down to expected levels at 21.00, before bouncing off sharply. It is very much recommended to hold long positions taken now and earlier. The minimum upside extensions are pointing towards 24.75 levels from here on. Intermediary support levels are 20.50, followed by 19.00 and sub 18.00 levels; while resistance is spread through 23.30/40 levels, followed by 24.50 and higher up. The structure is unfolding well, as an inverted head and shoulder reversal; with right shoulder being carved out at sub 21.00 levels.

    Trading recommendations:
    Remain long, stop at 20.50, target is at open.


    More analysis - at instaforex.com
     
  12. IFX Gertrude

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    USD/JPY intraday technical levels for November 12, 2013

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    Today data on Tertiary Industry Activity m/m, 30-y Bond Auction, Consumer Confidence, Prelim Machine Tool Orders y/y, etc. will be released in Japan, but when the US market opens there will not be released news from the US. So for today we predict the price action from USD/JPY will move in a moderate volatility.

    TODAY's TECHNICAL LEVELS:
    Resistance 3: 100.03.
    Resistance 2: 99.83.
    Resistance 1: 99.64.
    Support 1: 99.40.
    Support 2: 99.21.
    Support 3: 99.01.

    DESCRIPTION:
    Please pay attention to the levels of support 3 (99.01) and resistance 3 (100.03). 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
     
  13. IFX Gertrude

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    Silver technical levels and trading recommendations for November 14, 2013

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    Overview
    As shown in the today's H4 chart, the metal failed to break the Support area which consists of the Support level of 20.50 and the downward trend line. It is still trading above this Support area. Currently, it is bouncing from the Support level and starting the bullish move. So we still suggest waiting for closing above the Resistance level 21.00 in case of bouncing from the Support level of 20.50 to give us a new opportunity for more buy signals with the first target few pips below the Resistance level of 21.50. Then after breaking this Resistance level, silver would open the way towards the Resistance level of 22.00, which means more bullish signals, but as long as the metal trades below the Resistance level of 21.00, this cancels the bullish scenario.

    Resistance and support levels:
    R3 (22.00), R2 (21.50), R1 (21.00), S1 (20.50), S2 (20.00), S3 (19.60).


    More analysis - at instaforex.com
     
  14. IFX Gertrude

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    USD/JPY intraday technical levels for November 15, 2013

    In Japan today there is no significant news to be released, but in the US market there will be released some news such as the US Empire State Manufacturing Index; Import Prices m/m; Capacity Utilization Rate; Industrial Production m/m; and Wholesale Inventories m/m; and all this news from the US has a moderate impact, so there is nothing to worry about.

    TODAY's TECHNICAL LEVELS:
    Resistance. 3 : 100.75.
    Resistance. 2 : 100.55.
    Resistance. 1 : 100.36.
    Support. 1 : 100.11.
    Support. 2 : 99.92.
    Support. 3 : 99.72.

    DESCRIPTION:
    Please, pay attention to the levels of support 3 (99.72) and resistance 3 (100.75). 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 instaforexcom
     
  15. IFX Gertrude

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    GBP/JPY technical levels and trading recommendations for November 18, 2013

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    Overview
    Today's H4 chart shows that the pair opened this week above the Resistance level of 161.40 as shown. Currently, it is trading above it to continue its bullish trend. Given that the pair continues its bullish movement and closes 4H above the Resistance level after the closing of the current H4 candle, it would be another opportunity for more bullish signals with first target few pips below the Resistance level of 162.00, then we should wait for breaking above this Resistance level to get more bullish signals towards the Resistance level of 152.30 as the second target. But as long as the price is trading below the Resistance level of 161.40 and cannot break it through, this cancels the bullish scenario.

    Resistance and Support levels:
    R3 (162.30), R2 (162.00), R1 (161.40), S1 (160.60), S2 (160.00), S3 (159.50).


    More analysis - at instaforex.com
     
  16. IFX Gertrude

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    EUR/USD weekly technical levels for November 18-22, 2013

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    Intraday trading recommendations:
    EUR/USD: According to the previous events, the price has still been trapped between 1.3540 and 1.3460. The level of 1.3550 will indicate strong resistance; moreover, the price will form a double top at this level. Therefore, it will be wise to sell at 1.3450 with the first target at 1.3425, then it will continue towards 1.3392 in order to test the weekly suppor 1. And stop loss should be placed above 1.3575.


    More analysis - at instaforex.com
     
  17. IFX Gertrude

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    USD/JPY intraday technical levels for November 20, 2013

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    Today some medium impact data such as Trade Balance, All Industries Activity m/m will be released; and during the US market session, some important news such as Core CPI m/m, Core Retail Sales m/m, Retail Sales m/m, and Existing Home Sales are going to be announced. Also some medium impact data like US Business Inventories m/m and Crude Oil Inventories will be released, so tas a result, the price of this currency pair will move with moderate to high volatility during the US session.

    TODAY's TECHNICAL LEVELS:
    Resistance. 3 : 100.52.
    Resistance. 2 : 100.32.
    Resistance. 1 : 100.13.
    Support. 1 : 99.89.
    Support. 2 : 99.69.
    Support. 3 : 99.49.

    DESCRIPTION:
    Please, pay attention to the levels of support 3 (99.49) and resistance 3 (100.52). 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
     
  18. IFX Gertrude

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    USD/JPY intraday technical levels for November 21, 2013

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    In the early morning after the Asian market start, there will be a release of some news from Japan like Monetary Policy Statement; BOJ Press Conference; and during the US market session, there will be a release of some important news such as the US - PPI m/m; US - Unemployment Claims; and some not very important news such as the US - Flash Manufacturing PMI; and the US Natural Gas Storage US - Flash Manufacturing PMI; and the US - Philly Fed Manufacturing Index . We predict the price action of this pair will be under moderate volatility within the US session.


    TODAY's TECHNICAL LEVELS:

    Resistance. 3 : 100.89.

    Resistance. 2 : 100.69.

    Resistance. 1 : 100.36.

    Support. 1 : 100.25.

    Support. 2 : 100.05.

    Support. 3 : 99.85.

    DESCRIPTION: Please, pay attention to the levels of support 3 (99.85) and resistance 3 (100.89). 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

    - - - - Posts Merged - - - -

    USD/JPY intraday technical levels for November 21, 2013

    In the early morning after the Asian market start, there will be a release of some news from Japan like Monetary Policy Statement; BOJ Press Conference; and during the US market session, there will be a release of some important news such as the US - PPI m/m; US - Unemployment Claims; and some not very important news such as the US - Flash Manufacturing PMI; and the US Natural Gas Storage US - Flash Manufacturing PMI; and the US - Philly Fed Manufacturing Index . We predict the price action of this pair will be under moderate volatility within the US session.


    TODAY's TECHNICAL LEVELS:

    Resistance. 3 : 100.89.

    Resistance. 2 : 100.69.

    Resistance. 1 : 100.36.

    Support. 1 : 100.25.

    Support. 2 : 100.05.

    Support. 3 : 99.85.

    DESCRIPTION: Please, pay attention to the levels of support 3 (99.85) and resistance 3 (100.89). 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 instaforexcom
     
  19. IFX Gertrude

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    USD/JPY intraday technical levels for November 22, 2013


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    Today we predict the USD/JPY price movement will be with slow to moderate volatility, because during the Asian session Japan will release the BOJ Monthly Report. During the US trading sesssion, no important and significant news is due to be released, only FOMC Member George Speech and the US - JOLTS Job Openings.


    TODAY's TECHNICAL LEVELS:

    Resistance. 3 : 100.73.

    Resistance. 2 : 100.53.

    Resistance. 1 : 100.33.

    Support. 1 : 100.09.

    Support. 2 : 100.89.

    Support. 3 : 100.69.


    DESCRIPTION:

    Please, pay attention to the levels of support 3 (100.69) and resistance 3 (100.73). 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
     
  20. IFX Gertrude

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    Elliott wave analysis of EUR/JPY for November 25, 2013


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    Today's Support and Resistance levels:
    R3: 138.76
    R2: 138.30
    R1: 138.01
    Current Spot: 137.76
    S1: 137.33
    S2: 137.02
    S3: 136.60

    Technical summary:
    We should be in the very last part of the ending diagonal. The maximum for this final wave v will be in the 138.21-138.31 range depending on where the high of wave iii is placed. If we does see a break above 138.31, then the ending diagonal can not be the correct count as wave iii can never be the shortest wave and that would be the case here, if we does break above 138.31. However, for now we maintain the view that an ending diagonal is developing and should be close to its maximum. To confirm that wave v is in place, we need a break below 137.02 and more importantly a break below 136.02, which will confirm that wave v is in place for a decline towards at least 124.96.

    Trading recommendation:
    If you are long in EUR, lift your stop to 137.02. Take profit on any long position and sell EUR at 138.20 with a close stop at 138.35.

    More analysis - at instaforex.com
     

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