Technical analysis on EU,GU and majors

[bhanu545]

Technical analysis of USD/CHF for August 5, 2014

Overview:
USD/CHF is expected to trade in a range. The CHF sentiment is boosted by the stronger-than-expected Switzerland July PMI of 54.3 (versus forecast 53.8). But USD/CHF downside is limited by the dovish Swiss National Bank's monetary policy. The daily chart is mixed as MACD is bullish, five and 15-day moving averages are advancing but stochastics is bearish in the overbought zone, inside-day-range pattern was completed on Monday.
Trading recommendations:
The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As long as the price is keeping above its pivot point, a long position is recommended with the first target at 0.9110 and the second target at 0.9130. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 0.9035. A break of this target would push the pair further downwards and one may expect the second target at 0.9010. The pivot point is at 0.9055.
Resistance levels:
0.9110
0.9130
0.9155
Support levels:
0.9035
0.9010
0.8975

Performed by Ahsan Aslam, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Technical analysis of EUR/USD for August 6, 2014

The weekly pivot point: 1.3412

Overview: The minor support of EUR/USD pair is going to set at 1.3330. And this level is going to represent the weekly support 1. But the second support had already set at the price of 1.3310. We sould consider the following important observations: the price hit the weekly pivot point this week and support 1. For now, it has been around it since last week, because of the series of relatively equal highs and equal lows. We expect a bearish market from the weekly pivot point (1.3412) for August 5-8, 2014. So, according to the previous events, the price of the EUR/USD pair is going to move between 1.3380 and 1.3310. Sell below the level of 1.3380 with the first target at 1.3333, then it will be continued towards 1.3310 to test the major support today. Also, it should be noticed to check out the market volatility before investing, because the sight price may have already been reached and scenarios might have become invalidated. Additionally, the stop loss should always be taken in account. Therefore, it will wise to set your stop loss at the price of 1.3425.

Performed by Mourad El Keddani, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

GBP/USD intraday technical levels and trading recommendations for August 6, 2014

Intraday resistance was established around 1.7150-1.7190. A short-term SELL position was suggested in the previous articles.
The price levels of 1.7050 - 1.7000 failed to provide enough support for the pair. Hence, the bears had potential bearish target around 1.6970 then 1.6920.
DAILY fixation below 1.6980-1.7000 applied intensive bearish pressure on the price zone of 1.6920-1.6900 leading to its breakdown as well.
The price levels around 1.6820 remains the nearest support level to meet the pair as it corresponds to the previous significant top established in February 2014.
Bullish recovery was evident around 1.6800 - 1.6820 manifested during the previous visit (Monday's daily candlestick).
This determines the price zone as a valid BUY entry with SL just below 1.6770.

Performed by Mohamed Samy, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Technical analysis of Gold for August 06, 2014

Technical outlook and chart setups:
1. Gold has formed bottom at $1,280.00 levels recently as it was expected and discussed earlier. The metal has bounced off producing a morning star bullish reversal candle as well. A break above $1,310.00 would confirm that bulls are back in control.
2. Support is seen at $1,280.00 (interim), followed by $1,260.00, $1,240.00/30.00 and lower while resistance is seen at $1,310.00, followed by $1,325.00/40.00, $1,388.00 and higher respectively.
3. The structure indicates that Gold might have turned bullish again and would make higher highs and higher lows to reach $1410.00.
Trading recommendations:
Initiate 50% long positions, stop at $1,250.00, target is open. Good luck!

Performed by Harsh Japee, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Daily analysis of Silver for August 06, 2014

Overview :
Based on the H4 chart, silver is still stabilizing below the Resistance level of 20.00 after its rebound from the Support level of 19.75 yesterday. If silver reverses its bullish move due to this Resistance level and manages to break the Support level of 19.75, this would give a strong indicator to continue the downward move and open the way towards the Support level of 19.50. Then, we should wait for the breakout of this level to continue the bearish move. On the other hand, if the pair can't break the Support level of 19.75 and reverses its downward move, it might be a good opportunity for bullish signals securing the Resistance level of 20.00 again. The breakout of this Resistance level will indicate a bullish strength providing new buy signals from this level till reaching the Resistance area of 20.20-20.50 .
Resistance and support levels: R3 (20.50), R2 (20.20), R1 (20.00), S1 (19.75), S2 (19.50), S3(19.20)

Performed by Hossam Soliman Ali, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Technical analysis of EUR/USD for August 07, 2014

When the European market opens, some economic news will be released such as German Industrial Production m/m, French Trade Balance, Spanish 10-y Bond Auction, Minimum Bid Rate, ECB Press Conference, Unemployment Claims. The US will release the economic data too such as the Natural Gas Storage, so amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.3443.
Strong Resistance:1.3435.
Original Resistance: 1.3422.
Inner Sell Area: 1.3409.
Target Inner Area: 1.3377.
Inner Buy Area: 1.3345.
Original Support: 1.3332.
Strong Support: 1.3319.
Breakout SELL Level: 1.3311.

Performed by Arief Makmur, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

GBP/USD intraday technical levels and trading recommendations for August 7, 2014

Intraday resistance was established around 1.7150-1.7190. A short-term SELL position was suggested in the previous articles.
The price levels of 1.7050 - 1.7000 failed to provide enough support for the pair. Hence, the bears had potential bearish target around 1.6970 and then 1.6920.
DAILY fixation below 1.6980-1.7000 applied intensive bearish pressure on the price zone of 1.6920-1.6900 leading to its breakdown as well.
The price levels around 1.6820 remains the nearest support level to meet the pair as it corresponds to the previous significant top established in February 2014.
Bullish recovery was evident around 1.6800 - 1.6820 manifested during the previous visit (Monday's daily candlestick) as well as during yesterday's visit.
This renders the price zone as a valid BUY entry with SL just below 1.6770.

Performed by Mohamed Samy, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Gold analysis for August 07, 2014

Overview: Since our last analysis, gold has been trading upwards. As we expected, the price tested the level of 1,309.27 in a volume above average according to the daily time frame. According to the 4H timeframe, we can observe ultra high volume demand bar (buying climax), so buying at this stage looks riksy. Our Fibonacci expansion 161.8% at the price of 1.309.00 is on the test. We can also observe Fibonacci retracement 38.2% at the price of 1,306.00. Buying in resistance is risky, so we may see bearish reaction. Anyway, if the price breaks the level of 1,309.00 in a higher volume, we may see testing the level of 1,320.00.
Daily pivot Fibonacci points:
Resistance levels: R1: 1,311.16 R2: 1,316.47 R3: 1,325.07
Support levels: S1: 1,293.97 S2: 1,288.66 S3: 1,280.07
Trading recommendations: Be careful with buying Gold at this stage since price is on the resistance level (Fibonacci expansion 161.8%).

Performed by Petar Jacimovic, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Daily analysis of Silver for August 07, 2014

Overview
From today's H4 chart, we see that the metal is still trading between the support level of 19.75 and below the resistance level of 20.00. Silver failed to break the resistance level yesterday and bounced from it. It took slightly downward move. Currently, it is approaching the support level of 19.75 again. Presently, we suggest waiting for closing above the resistance level of 20.00 in case it bounces from the support level to give us a new opportunity for more buy signals with the first target of few pips below the resistance level of 20.20. After breaking this resistance level, silver would open the way towards the Resistance level of 20.50, which means more bullish signals.
Resistance and support levels: R3 (20.50), R2 (20.20), R1 (20.00), S1 (19.75), S2 (19.50), S3(19.20)

Performed by Hossam Soliman Ali, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Technical analysis of EUR/USD for August 8, 2014

Overview: The market has opened below the daily resistance today. The resistance has already set at the level of 1.3412 on August 8, 2014. Additionally, the weekly pivot point also coincides with the same price (1.3412). Moreover, the EUR/USD pair has not reached the weekly pivot point yesterday and today the price is still around it. Hence, the trend was sideways and the range seemed extensive up to 80 pips. According to the previous events, the price of the EUR/USD pair is still moving between the level of 1.3403 and 1.3360 level. Therefore, it will be advantageous to sell at the price of 1.3412 (the weekly pivot point) with the first target at 1.3357 ( the level of 1.3357 is going to represent the ratio of 23.6% Fibonacci retracement levels). It may resume to 1.3330 if the price is able to break 1.3357. Notwithstanding, stop loss should always be in account, accordingly, it will be of beneficial to set the stop loss above the double top at the price of 1.3450.

Performed by Mourad El Keddani, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Daily analysis of GBP/USD for August 08, 2014

H1 chart: This pair again has made a breakout at the level of 1.6850, so far, the GBP/USD is trying to fall to the support level of 1.6800. If the pair manages to consolidate below that level, the next target would be the support level of 1.6750, which would be a bearish consolidation in the medium term.

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.6800, take profit is at 1.6750, and stop loss is at 1.6850.

Performed by Felipe Erazo, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Gold analysis for August 08, 2014

Overview: Since our last analysis, gold has been trading upwards. The price tested the level of 1,322.45 in a volume above average according to the daily time frame. According to the 4H timeframe, we can observe demand in a high volume. So, selling at this stage looks riksy. Our Fibonacci retracement 61.8% at the price of 1,321.00 is on the test. If the price breaks the level of 1,321.00 in a higher volume, we may see testing the level of 1,343.00.
Daily pivot Fibonacci points:
Resistance levels: R1: 1,315.75 R2: 1,318.91 R3: 1,324.03
Support levels: S1: 1,305.51 S2: 1,302.35 S3: 1,297.23
Trading recommendations: Selling Gold looks risky, so watch for potential buying opportunities if the price breaks the level of 1,321.00

Performed by Petar Jacimovic, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Technical analysis of Silver for August 08, 2014

Technical outlook and chart setups:
1. Silver has turned/bounced off the fibonacci 0.618 support at 19.70/80 levels as seen here. The metal is lagging behind Gold for now, but it is expected to continue printing higher highs from here on. Recommendations are to remain long and look to add more on dips.
2. Support is seen at $19.60/70, followed by $19.40/50, $18.60 and lower, while resistance is seen at 20.80, followed by $21.50/70, $22.30 and higher respectively.
3. The structure indicates that Silver continues to remain buy on dips.
Trading recommendations:
Hold on to long positions for now, stop below $19.40.

Good luck Performed by Harsh Japee, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Technical analysis of EUR/USD for August 11, 2014

TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.3468.
Strong Resistance:1.3460.
Original Resistance: 1.3447.
Inner Sell Area: 1.3434.
Target Inner Area: 1.3402.
Inner Buy Area: 1.3370.
Original Support: 1.3357.
Strong Support: 1.3344.
Breakout SELL Level: 1.3336.

Performed by Arief Makmur, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Weekly forecast and intraday analysis of GBP/USD for August 11-15, 2014

Intraday cmp 1.6777
The pair has been making a minor support base at 1.6767. The oversold oscillators in the H4 chart help the pair not to extend its fall to much lower levels. The prices are trading below the two key hourly moving averages. The pair has initial resistance at 1.6790, above this, it can fly up to 1.6828 and 1.6835. We can see a strong momentum once the pair is able to breach above 1.6835 for an extended upside target at 1.6860 and 1.6885 levels. The pair has support at 1.6767, below this, 1.6739.
Support: 1.6767, 1.6739, 1.67
Resistance: 1.6790, 1.6835, 1.6885
We recommend selling only below 1.6739
Buy above 1.6790, strong up move is only above 1.6835

Performed by Joseph Wind, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Technical analysis of Gold for Aug 11, 2014

Technical outlook and chart setups:
1. Gold reverses just shy of $1,324.00/25.00 levels as seen here. The metal is pulling back at the moment and $1,316.00 is seen as short-term resistance for now. Look to go long again or add further positions at lower levels again.
2. Support is seen at $1,296.00 (fibonacci), followed by $1,280.00, $1,260.00 and lower while resistance is seen at $1,340.00/50, followed by $1,388.00 and higher up respectively.
3. The structure indicates that Gold is retracing at the moment. Levels of interest to initiate long position is $1,295.00 levels.
Trading recommendations:
Remain long or add dd further at $1,295.00.
Good luck!

Performed by Harsh Japee, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Technical analysis of Silver for Aug 11, 2014

Technical outlook and chart setups:
1. Silver pulls back after printing highs around 20.10 last week. It looks to be bouncing off around current levels around $19.80/90 levels at the moment. A reversal here could see an upside extension of at least $20.90 levels.
2. Support is seen at $19.70 levels, followed by $19.40 and lower while resistance is seen at $20.80/90, followed by $21.20/30 and higher respectively.
3. The structure indicates that Silver is ready to rally again and print higher highs towards $21.00 levels.
Trading recommendations:
Initiate long positions again, stop at $19.40, target is open. Good luck!

Performed by Harsh Japee, Analytical expert
InstaForex Group © 2007-2014

 

[JimFXtrader]

El 1.3452, tiene probabilidades de ser testeado en el corto plazo

 

[bhanu545]

Technical analysis of EUR/USD for August 12, 2014

Trading recommendations:
The EUR/USD pair is in the short term.
The price of the EUR/USD pair is going to turn to bearish from the level of 1.3366. Also, it should be noted that the level of 1.3369 represents the ratio of 38.2% Fibonacci retracement levels in H1 chart. Accordingly, it will be a good sign to sell below 1.3366 with the first target of 1.3331 to test the double bottom at this price. Then, it will call for a downtrend in order to continue its bearish movement towards 1.3290 (the weekly support 1). At the same time, the stop loss should be placed above the weekly pivot point at the price of 1.3390. Equally important, the support will set at the 1.3403 level.

Comments: Additionally, it should be noted that the range today will be about 60 pips. The stop loss has set in 60 pips. Hence, the risk of 60 pips should make profit of 90 pips. Volatility: 108.59 today. As a rule, the market is highly volatile if the last day had a huge volatility.

Performed by Mourad El Keddani, Analytical expert
InstaForex Group © 2007-2014

 

[bhanu545]

Intraday technical levels and trading recommendations on GBP/USD for August 12, 2014

A pattern of multiple tops was confirmed after breakdown of the depicted bullish channel when the price zone between 1.7140 - 1.7170 provided evident bearish price action.
The price zone of 1.6830 - 1.6800 remains a significant zone as it corresponds to a previous consolidation zone established in June as well as the upper limit of the ongoing bearish channel.
However, 4H fixation below this zone exposes the price levels around 1.6760 and 1.6730 to be hit shortly after.
Note that the GBP/USD pair has been down-trending for almost 20 days without significant correction.
Thus, any bullish fixation above 1.6820 invalidates the current steep trend allowing a deeper bullish retracement to occur.

Performed by Michael Becker, Analytical expert
InstaForex Group © 2007-2014