Technical analysis on EU,GU and majors

[bhanu545]

Intraday technical levels and trading recommendations for GBP/USD for January 15, 201

Consolidation movement range between the price levels of 1.5770 and 1.5550 represented the state of indecision on the market after such a long bearish rally that started off 1.7100 and 1.6500.
As anticipated, the bearish breakout below 1.5550 exposed lower targets directly. Bears have already reached the price level of 1.5050 that has not been hit since August 2013.
For RISKY traders, LONG entries was suggested around the price level of 1.5100. Stop Loss to be located below 1.5025.
It is running in profits now (+80 pips). The bulls should defend the recent DEMAND zone located around 1.5160-1.5115 to pursue towards 1.5400.
Conservative traders should wait for a bullish pullback towards the recent SUPPLY zone around 1.5480-1.5550 for a low-risk SELL entry. The stop loss should be located above 1.5560.
Note that the price level of 1.5480 corresponds to 50% Fibonacci level as well as the upper limit of the current movement channel.

Performed by Michael Becker, Analytical expert
InstaForex Group © 2007-2015

 

[bhanu545]

Technical analysis of USD/JPY for January 15, 2015

Fundamental overview:
USD/JPY is expected to trade with risks skewed to the downside after hitting almost a one-month low 116.07 on Wednesday. It is undermined by the flows to safe haven JPY and unwinding of JPY-funded carry trades amid increased risk aversion (VIX fear gauge rose 4.47% to 21.48, S&P 500 closed 0.58% lower at 2,011.27 overnight) and worries about the pace of global economic growth after the World Bank lowered its forecasts for global expansion in 2015 to 3.0% from 3.4% and in 2016 to 3.3% from 3.5%. It is also noteworthy that copper prices plunged to their lowest in more than five years and that the U.S. retail sales fell 0.9% on-month in December (versus forecast -0.2%). USD/JPY is also weighed by the weaker dollar sentiment (ICE spot dollar index last 92.08 versus 92.22 on early Wednesday) on weak U.S. retail sales and by 5.5% on-year drop in the U.S. December import price index (biggest annual decline since October 2009). In addition to it, 0.2% rise in the U.S. November business inventories (versus forecast +0.3%), lower U.S. Treasury yields (10-year at 1.85% versus 1.89% late Tuesday) and Japan's export sales weigh the pair. However, USD/JPY losses are tempered by the demand from the Japanese importers and by the Bank of Japan's large-scale easing monetary policy.
Technical comment:
The daily chart is negative-biased as the MACD and stochastics are bearish, although, the latter is at the oversold levels. Five-day moving average is below 15-day moving average and is declining.
Trading recommendations:
The pair is trading below its pivot point. It is likely to trade in a lower range as far as it remains below the pivot point. Short positions are recommended with the first target at 116. A break of this target will move the pair further downward to 115.50. The pivot point stands at 117.55. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to this scenario, a long position is recommended with the first target at 117.95 and the second target at 118.50.
Resistance levels: 117.95 118.50 119
Support levels: 116 115.50 115

Performed by Ahsan Aslam, Analytical expert
InstaForex Group © 2007-2015

 

[bhanu545]

Gold technical analysis for January 15, 2015

Gold price is currently above the short-term support of $1,225. The rejection at $1,245 is not a good sign and it increases the chances of a fake breakout. As long as Gold price is above $1,225, bulls will have the upper hand. Bullish confirmation will come if we break above $1,245.

The daily chart of Gold price is worrying the bulls as the long-tailed red candles imply fake breakout. Bulls want price to hold support and break resistance at $1,245 to confirm breakout towards $1,270.

Performed by Alexandros Yfantis, Analytical expert
InstaForex Group © 2007-2015

 

[bhanu545]

Technical analysis of Silver for January 15, 2015

Technical outlook and chart setups:
Silver pushed higher towards the levels of $17.25 /30 today before pulling back to $17.05 for now. The metal is expected to push through the resistance at $17.40/50 and subsequently $17.80/18.00 levels before producing a meaningful retracement. Please, note that the inverted head and shoulder formation extends up to $18.30 and $18.90 levels as depicted here. Bulls are still in control; and it is recommended to remain long looking for adding further during intraday dips. Immediate support is seen at $16.50, followed by $16.20, $15.50, $14.50 and lower while resistance is seen at $17.40/50 followed by $17.80/18.00 and higher respectively.
Trading recommendations:
Remain long for now, stop at $15.50, target is open. Good luck!

Performed by Harsh Japee, Analytical expert
InstaForex Group © 2007-2015

 

[bhanu545]

Intraday technical levels and trading recommendations for EUR/USD for January 16, 201

The market currently looks oversold below the price level of 1.2000 and 1.1900 (prominent psychological SUPPORT & the lower limit of the movement channel on the H4 chart).
Currently, SELLING the EUR/USD pair should be avoided as much as possible at such historically low prices.
On the other hand, BUYING the pair is considered a low-risk opportunity but with low probability after such strong bearish trend.
Bullish pullback should be anticipated when looking for better prices to sell the pair off.
The price zone of 1.1750-1.1820 is the recently established SUPPLY zone. Short-term SELL positions can be taken there provided that the market keeps trading below the price level of 1.1880.

Performed by Michael Becker, Analytical expert
InstaForex Group © 2007-2015

 

[bhanu545]

Intraday technical levels and trading recommendations for GBP/USD for January 16, 201

Consolidation movement range between the price levels of 1.5770 and 1.5550 represented the state of indecision on the market after such a long bearish rally that started off 1.7100 and 1.6500.
As anticipated, the bearish breakout below 1.5550 exposed lower targets directly. Bears have already reached the price level of 1.5050 that has not been hit since August 2013.
For RISKY traders, LONG entries was suggested around the price level of 1.5100. Stop Loss to be located below 1.5075 (Tuesday's low).
Conservative traders should wait for a bullish pullback towards the recent SUPPLY zone around 1.5480-1.5550 for a low-risk SELL entry. The stop loss should be located above 1.5560.

Performed by Michael Becker, Analytical expert
InstaForex Group © 2007-2015

 

[bhanu545]

Technical analysis of USD/JPY for January 16, 2015

Fundamental overview:
USD/JPY is expected to trade downside. It is undermined by the flows to haven JPY and unwinding JPY-funded carry trades amid increased risk aversion (VIX fear gauge rose 4.24% to 22.39, S&P 500 closed 0.92% lower at 1,992.67 overnight) as a shock decision by the Swiss National Bank to abandon the Swiss franc's ceiling against the euro that was in place for more than three years roiled global markets. USD/JPY is also weighed by the lower U.S. Treasury yields (10-year at 1.725% versus 1.835% late Wednesday), and Japan's exporter sales. But USD/JPY losses are tempered by the demand from Japan's importers and Bank of Japan's large-scale monetary easing policy and positions adjustment ahead of U.S. long weekend (financial markets in U.S. are shut for a public holiday on Monday). U.S. data were mixed on Thursday as less-than-expected 0.3% on-month fall in U.S. December PPI (versus forecast -0.4%) and stronger-than-expected rise in New York Fed Empire State manufacturing index to 9.95 in January from -1.23 in December (versus forecast 4.5) were offset by more-than-expected 316,000 U.S. jobless claims in week ended Jan. 10 (versus forecast 295,000) and bigger-than-expected drop in Philadelphia Fed business index to 6.3 in January from 24.3 in December (versus forecast 20.0).
Technical comment:
Daily chart is negative-biased as MACD and stochastics are bearish, although the latter is at oversold levels, five and 15-day moving averages are declining.
Trading recommendations:
The pair is trading below its pivot point. It is likely to trade in a lower range as far as it remains below the pivot point. Short positions are recommended with the first target at 116. A break of this target will move the pair further downward to 115.50. The pivot point stands at 117.55. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to this scenario, a long position is recommended with the first target at 117.95 and the second target at 118.50.
Resistance levels: 117.95 118.50 119
Support levels: 116 115.50 115

Performed by Ahsan Aslam, Analytical expert
InstaForex Group © 2007-2015

 

[bhanu545]

Gold technical analysis for January 16, 2015

Gold price made a decisive breakout yesterday above $1,245. This was needed for the breakout not to be considered as fake. With this breakout our first target of $1,260-70 has been reached. However, there is still some more upside potential that could bring Gold price towards $1,300.

Gold price, as shown on the daily chart, has broken the triangle pattern to the upside. The two targets that I have are above $1,300. The first target comes from the equal size of the base of the triangle and the second target is equal to the first rise in prices from $1,130 to $1,240. Trend is bullish on the daily chart and is also supported by the fact that price is above the Ichimoku cloud and Ichimoku indicators are bullish.

Performed by Alexandros Yfantis, Analytical expert
InstaForex Group © 2007-2015

 

[bhanu545]

Technical analysis of USD/CHF for January 16, 2015

Fundamental overview:
USD/CHF is expected to trade in a volatile fashion amid thin liquidity after plunging as low as 0.7360 on Thursday - its record low in three and a half years - after Swiss National Bank expectedly cancelled the minimum exchange rate of CHF1.20 per euro, lowered the interest rate on sight deposit account balances by 0.5 percentage points to 0.75%, and moved the target range for the three-month Libor further into the negative territory, to between -1.25% and 0.25% from the current range of between 0.75% and 0.25%. USD/CHF is undermined by the franc demand for cross trades versus major currencies. But USD/CHF downside is supported by the USD bargain hunting, possible SNB intervention as the Swiss central bank in its statement said it will continue to take account of the exchange rate in formulating is monetary policy in future and, if necessary, it remains active in the foreign exchange market to influence monetary conditions.
Technical comment:
Daily chart is negative-biased as MACD and slow stochastic indicators are bearish, five and 15-day moving averages are declining.
Trading recommendations:
The pair is trading below its pivot point. It is likely to trade in a lower range as far as it remains below the pivot point. Short positions are recommended with the first target at 0.8405. A break of this target will move the pair further downward to 0.8005. The pivot point stands at 0.9150. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, a long position is recommended with the first target at 0.9550 and the second target at 0.9780.
Resistance levels: 0.9550 0.9780 0.9810
Support levels: 0.8405 0.8005 0.7975

Performed by Ahsan Aslam, Analytical expert
InstaForex Group © 2007-2015

 

[bhanu545]

Intraday technical levels and trading recommendations for EUR/USD for January 19, 201

The market currently looks oversold below the price level of 1.2000 and 1.1900 (prominent psychological SUPPORT and the lower limit of the movement channel on the H4 chart).
Currently, SELLING the EUR/USD pair should be avoided as much as possible at such historically low prices.
On the other hand, BUYING the pair is considered a low-risk opportunity but with low probability after such strong bearish trend. That is why bullish pullback should be anticipated looking for better prices to sell the pair off.
The price zone of 1.1750-1.1820 is the recently established SUPPLY zone. Short-term SELL positions can be taken there. Stop loss should be placed above the price level of 1.1880.

Performed by Michael Becker, Analytical expert
InstaForex Group © 2007-2015

 

[bhanu545]

Intraday technical levels and trading recommendations for GBP/USD for January 19, 201

Consolidation movement range between the price levels of 1.5770 and 1.5550 represented the state of indecision on the market after such a long bearish rally that started off 1.7100 and 1.6500.
As anticipated, the bearish breakout below 1.5550 exposed lower targets directly. Bears have already reached the price level of 1.5050 that has not been hit since August 2013.
For RISKY traders, LONG entries were suggested around the price level of 1.5100. Stop Loss remains below the price level of 1.5075 (Tuesday's and recently Thursday's low).
Conservative traders should wait for a bullish pullback towards the recent SUPPLY zone around 1.5480-1.5550 for a low-risk SELL entry. The stop loss should be located above 1.5560.

Performed by Michael Becker, Analytical expert
InstaForex Group © 2007-2015

 

[bhanu545]

Technical analysis of USD/JPY for January 19, 2015

In Asia, Japan will release the Consumer Confidence report and Revised Industrial Production m/m. The US will not release any economic data because of Martin Luther King National Holiday. So, there is a big probability the USD/JPY pair will move with low volatility during the day.
TODAY TECHNICAL LEVELS:
Resistance. 3: 117.77.
Resistance. 2: 117.54.
Resistance. 1: 117.31.
Support. 1: 117.03.
Support. 2: 116.80.
Support. 3: 115.56.

Performed by Arief Makmur, Analytical expert
InstaForex Group © 2007-2015

 

[bhanu545]

Technical analysis of Gold for January 19, 2015

Technical outlook and chart setups:
Gold has raised through the $1,282.00 levels as seen here, and is testing the sloping trend line resistance at the moment. Also the initial Fibonacci extension has been met at the $1,279.00 levels, hence a pullback could be expected. It is recommended to remain flat for now and watch for a reaction at the trend line resistance around the $1,278.00/79.00 levels. On the flip side, a push higher from here could reach the $1,304.00/05.00 levels as depicted here. Immediate support is now seen at the $1,235.00/40.00 levels, followed by $1,210.00, $1,170.00 and lower while resistance is seen at $1,300.00/05, followed by $1,320.00, $1,340.00 and higher respectively.
Trading recommendations:
Remain flat for now and look for buying on dips. Good luck!

Performed by Harsh Japee, Analytical expert
InstaForex Group © 2007-2015

 

[bhanu545]

Technical analysis of Silver for January 19, 2015

Technical outlook and chart setups:
Silver pushed through the initial resistance at the $17.80/82 levels on Friday. The metal is unfolding into a potential inverted head and shoulder reversal as it has been discussed earlier. The metal could retrace lower through $16.75/$17.00 levels again, before rallying higher towards $18.20/30 and $19.20 levels respectively. It is still recommended to hold positions taken earlier and look for adding further on dips, some profits could be fixed around $18.30 levels. Immediate support could be seen around $16.60/70 levels followed by $16.20/30 and lower while resistance is seen around $18.30 levels and $19.20 respectively (Fibonacci levels).
Trading recommendations:
Remain long, move stop to $16.00 levels, target is $18.30 and $19.20. Good luck!

Performed by Harsh Japee, Analytical expert
InstaForex Group © 2007-2015

 

[peterveter]

hello my technical analysis of USDCHF


- more interesting is USD/CHF chart (despite the fact that everyone is talking about EUR/CHF)

- announcement of Swiss National bank concernig end of cap… from 1,02389 USD/CHF ( selling opportunity):

a/ bearish harmonics weekly zone (gartley bearish) – USD/CHF weekly chart.

b/ murrey match last line +2/8 is 1,02539 USD/CHF – great daily resistance

- then huge fall to 0,77792 USD/CHF (murrey line – major line 4/8 is 0,78125 – on weekly and monthly chart ) – it was great weekly and monthly support

- then correction (buying opportunity) to 0,87891 USD/CHF (daily murrey line 4/8 – major line)

 

[lenon]

I can see an excellent entrance to the EUR/GBP market. I think that asset will go down.

 

[lenon]

i think it is a triangle on eurusd..waiting for sell from 38 Fibo

 

[Xavefif]

i'm thinking that eurgbp have to grow up because of the eurusd (on that pair i'm waiting for growing). Will sell from 0.74380 =)

 

[Jeremiah]

I think that EUR/USD asset will go up.

 

[Ziker]

[url deleted]