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Wave Analysis by InstaForex
#1
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.
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#2
Elliott wave analysis of EUR/JPY for February 10, 2016

Wave summary:
Wave ii bottomed at 128.25 (just below our target at 128.55). A rally from a low of 128.25 looks impulsive, but to confirm that a new impulsive rally is developing we should ideally see support in the area of 128.85 - 129.01 protecting the downside for a new rally above yesterday's high of 130.26 and more importantly a breakout above 131.66. The movement above the later, will break the resistance line from 141.04 and will confirm the impulsive rally in wave iii higher to above 141.04 towards 149.52. Only an unexpected breakout below a low of 128.25 will invalidate the bullish count and call for a new test of strong support in the area around 126.05 - 126.14.

Trading recommendation:
We are long EUR from 128.60 and will move our stop higher to 128.20. If you are not long EUR yet, then buy near 128.85 and use the same stop at 128.20.

More analysis - at instaforex.com
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#3
Technical analysis of USD/JPY for February 11, 2016

In Asia, Japan will not release any significant economic data, but the US will deliver some data on the 30-y Bond Auction, Natural Gas Storage, and Unemployment Claims. So, there is a probability that the USD/JPY pair will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Resistance. 3: 113.46.
Resistance. 2: 113.25.
Resistance. 1: 113.02.
Support. 1: 112.75.
Support. 2: 112.53.
Support. 3: 112.31.

More analysis - at instaforex.com
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#4
Elliott wave analysis of EUR/NZD for February 16, 2016

Wave summary:
EUR/NZD keeps disappointing as it can't accelerate higher. The expected acceleration is likely to be seen when we lose our patience. In a short term, the pair can find a support near 1.6671 for a break above 1.6906 and, more importantly, a break above 1.7050 which will confirm the rally to 1.7273. If this level is broken above, the trend can continue towards 1.8020. Our stop at 1.6695 has been hit. We will look for a new buying opportunity upon a break above 1.7050.

More analysis - at instaforex.com
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#5
Elliott wave analysis of EUR/NZD for February 16, 2016

Wave summary:
EUR/NZD keeps disappointing as it can't accelerate higher. The expected acceleration is likely to be seen when we lose our patience. In a short term, the pair can find a support near 1.6671 for a break above 1.6906 and, more importantly, a break above 1.7050 which will confirm the rally to 1.7273. If this level is broken above, the trend can continue towards 1.8020. Our stop at 1.6695 has been hit. We will look for a new buying opportunity upon a break above 1.7050.

More analysis - at instaforex.com
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#6
Elliott wave analysis of EUR/NZD for March 1 - 2016

Wave summary:
We are still looking for confirmation that wave [ii] is completed at 1.6236. A break above resistance at 1.6688 will confirm that this is the case and that a new impulsive rally in wave [iii] should be expected. As long as resistance at 1.6688 is able to protect the upside, we must allow for more closer to 1.6105 before the final low is in place for wave [ii]. At no point can a break below 1.5858 be allowed.

Trading recommendation: We will wait for a break above 1.6688 before buying EUR.

More analysis - at instaforex.com
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#7
Technical analysis of Silver for March 03, 2016

Technical outlook and chart setups:
Silver is seen to be trading at $14.90/92 levels again, after printing lows at $14.70 levels yesterday. The metal seems to be preparing to drop lower at least through $14.50/55 levels from here. Please note that it is also fibonacci 0.618 support levels, of the rally between $13.70 through $15.93 levels, as seen here. Furthermore, the counter trend (drop from $15.93) extension is also converging at $14.50/55 levels, which instills further confidence for a bullish bounce. It is hence recommended to remain flat for now, but look to initiate fresh long positions around $14.50 levels. Immediate support is at $14.50 levels, while resistance is seen at $15.10 levels respectively.

Trading recommendations:
Remain flat for now, look to buy lower.

More analysis - at instaforex.com
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#8
Technical analysis of USD/JPY for March 04, 2016

In Asia, Japan will release the Average Cash Earnings y/y. As for the US, economic reports will be also released such as Unemployment Rate, Trade Balance, Non-Farm Employment Change, and Average Hourly Earnings m/m. So there is a probability the USD/JPY pair will move with medium to high volatility during this day.

TODAY'S TECHNICAL LEVEL:
Resistance. 3: 114.07.
Resistance. 2: 113.85.
Resistance. 1: 113.63.
Support. 1: 113.35.
Support. 2: 113.13.
Support. 3: 112.91.

More analysis - at instaforex.com
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#9
Technical analysis of USD/JPY for March 07, 2016

In Asia, Japan will release Leading Indicators. The US will release a series of economic reports such as Consumer Credit m/m, and Labor Market Conditions Index m/m. So there is a probability the USD/JPY pair will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Resistance. 3: 114.18.
Resistance. 2: 113.96.
Resistance. 1: 113.74.
Support. 1: 113.45.
Support. 2: 113.23.
Support. 3: 113.901.

More analysis - at instaforex.com
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#10
Daily analysis of GBP/USD for March 08, 2016

[Image: GBPUSDH1.png]

In the H1 chart, GBP/USD is forming another bullish pattern below the resistance level of 1.4267, where bulls are still trying to break higher in order to strength the bullish bias on a short- and medium-term basis. Also, the 200 SMA in this time frame is favoring the scenario and we can eventually expect a little pullback in the process.

H1 chart's resistance levels: 1.4267 / 1.4333
H1 chart's support levels: 1.4183 / 1.4069

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is seen at 1.4267, take profit is at 1.4333, and stop loss is at 1.4202.

More analysis - at instaforex.com
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#11
Technical analysis of USD/CHF for March 08, 2016

Overview:
The USD/CHF pair was polemic as it was trading in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still moving between the levels of 1.0037 and 0.9851. In the H1 time frame, resistance and support are seen at the levels of 1.0037 (also, the double top is already set at the point of 1.0037) and 0.9851 respectively. Therefore, it is recommended to be cautious while placing orders in this area. So, we need to wait until the sideways channel is completed. The current price is seen at 0.9954, which represents the key level today. The level of 1.0037 will act as the first resistance line. Hence, if the pair fails to pass through the level of 1.0037, the market will indicate a bearish opportunity below the strong resistance level of 1.0037. Sell deals are recommended below the level of 1.0037 with the first target at 0.9895. If the trend breaks the support level of 0.9895, the pair is likely to move downwards continuing the bearish trend development to the level 0.9851. However, the price spot of 0.9851 remains a significant resistance zone. Thus, the trend will probably be rebounded again from the double bottom as long as the level of 0.9851 is not broke.

More analysis - at instaforex.com
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#12
NZD/USD intraday technical levels and trading recommendations for March 9, 2016

On January 28, the depicted support at 0.6400 acted as a prominent key level offering a valid buy entry. A bullish breakout above 0.6550 was executed a few weeks ago. Bullish persistence above 0.6550 (depicted recent support) was needed to keep the price moving towards higher bullish targets. The price zone of 0.6750-0.6840 constituted a significant resistance zone where recent signs of a bearish rejection were seen during the previous few weeks (triple-top reversal pattern). On February 9, the NZD/USD pair failed to consolidate below the depicted support level of 0.6560. Moreover, an obvious bullish recovery was expressed around the depicted temporary support level. Hence, the recent bullish swing towards 0.6750 was initiated. Note that bullish persistence above 0.6750 (upper limit of the consolidation range) will allow further bullish advancement towards 0.6880. Otherwise, the NZD/USD pair will remain trapped within the depicted consolidation range (0.6560-0.6750) until a breakout occurs in either direction.

More analysis - at instaforex.com
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#13
NZD/USD intraday technical levels and trading recommendations for March 9, 2016

On January 28, the depicted support at 0.6400 acted as a prominent key level offering a valid buy entry. A bullish breakout above 0.6550 was executed a few weeks ago. Bullish persistence above 0.6550 (depicted recent support) was needed to keep the price moving towards higher bullish targets. The price zone of 0.6750-0.6840 constituted a significant resistance zone where recent signs of a bearish rejection were seen during the previous few weeks (triple-top reversal pattern). On February 9, the NZD/USD pair failed to consolidate below the depicted support level of 0.6560. Moreover, an obvious bullish recovery was expressed around the depicted temporary support level. Hence, the recent bullish swing towards 0.6750 was initiated. Note that bullish persistence above 0.6750 (upper limit of the consolidation range) will allow further bullish advancement towards 0.6880. Otherwise, the NZD/USD pair will remain trapped within the depicted consolidation range (0.6560-0.6750) until a breakout occurs in either direction.

More analysis - at instaforex.com
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#14
Technical analysis of EUR/USD for March 10, 2016

When the European market opens, some economic news will be released such as Minimum Bid Rate, Italian Quarterly Unemployment Rate, French Industrial Production m/m, German Trade Balance, and French Final Non-Farm Payrolls q/q. The US will post several economic reports too such as Federal Budget Balance, 30-y Bond Auction, Natural Gas Storage, and Unemployment Claims. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1034.
Strong Resistance:1.1028.
Original Resistance: 1.1017.
Inner Sell Area: 1.1006.
Target Inner Area: 1.0981.
Inner Buy Area: 1.0956.
Original Support: 1.0945.
Strong Support: 1.0934.
Breakout SELL Level: 1.0928.

More analysis - at instaforex.com
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#15
Elliott wave analysis of EUR/JPY for March 14, 2016

Wave summary: After testing very strong resistance near 126.90, we are look for a breakout below minor support at 126.05 to confirm that wave b is over and wave c towards 119.90, and possibly even lower to 117.35, is developing. It should just be a matter of time before we could see the peak of this b-wave rally and a new strong decline in wave c.

Trading recommendation:
We are short EUR from 126.79 with stop placed at 128.20. If you are not short yet, then sell now and use the same stop at 128.20 or sell on a break below support at 126.05.

More analysis - at instaforex.com
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