Thread Rating:
  • 1 Vote(s) - 1 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Wave Analysis by InstaForex
Technical analysis of EUR/USD for Apr 21, 2017

[Image: EURUSD.jpg]

When the European market opens, some Economic Data will be released, such as Current Account, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI. The US will release the Economic Data, too, such as Existing Home Sales, Flash Services PMI, and Flash Manufacturing PMI, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.0765.
Strong Resistance:1.0759.
Original Resistance: 1.0748.
Inner Sell Area: 1.0737.
Target Inner Area: 1.0712.
Inner Buy Area: 1.0687.
Original Support: 1.0676.
Strong Support: 1.0665.
Breakout SELL Level: 1.0659.

Analysis are provided byInstaForex.
Best regards, PR Manager
Learn more about InstaForex Company at http://instaforex.com

Reply
NZD/USD Intraday technical levels and trading recommendations for April 24, 2017

[Image: analytics58fd3e4c59807.png]

The NZD/USD pair was trapped within the depicted price range (0.6860-0.6990) until a bullish breakout occurred.

A bullish breakout above 0.6960-0.7000 allowed the pair to head toward the price level of 0.7100 (the key level) which failed to provide sufficient bearish pressure on the pair.

Bullish persistence above 0.7100 allowed a further advance toward 0.7250-0.7350 (Sell-Zone) where the bearish price action was expected. Bearish persistence below 0.7250 allowed a further decline toward 0.7100 then 0.6960 which failed to provide enough support for the pair.

That is why a further fall was expected toward 0.6860 (the lower limit of the depicted BUY zone) where a bullish position was suggested in previous articles.

Recently, a bullish breakout was achieved above the depicted key level (0.6960).

That is why the recent bearish pullback toward 0.6960 offered significant bullish rejection and a valid BUY entry which is running in profits now.

Note the depicted bullish 1-2-3 pattern with projection target around 0.7250 provided that bullish fixation above 0.7080-0.7100 (neckline) is achieved on a daily basis.

On the other hand, the price level of 0.7100 remains a significant key level to prevent a further bullish advance toward 0.7250.

Analysis are provided byInstaForex.
Best regards, PR Manager
Learn more about InstaForex Company at http://instaforex.com

Reply
Technical analysis of EUR/USD for Apr 25, 2017

When the European market opens, some Economic Data will be released, such as Belgian NBB Business Climate. The US will release the Economic Data, too, such as Richmond Manufacturing Index, New Home Sales, CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, and HPI m/m, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.0918.
Strong Resistance:1.0912.
Original Resistance: 1.0901.
Inner Sell Area: 1.0890.
Target Inner Area: 1.0865.
Inner Buy Area: 1.0840.
Original Support: 1.0829.
Strong Support: 1.0818.
Breakout SELL Level: 1.0812.

Analysis are provided by InstaForex
Best regards, PR Manager
Learn more about InstaForex Company at http://instaforex.com

Reply
Technical analysis of USD/JPY for April 26, 2017

[Image: USDJPYM30.png]

USD/JPY is expected to prevail its upside movement. The pair recorded a succession of higher tops and higher bottoms since April 25 and is holding on the upside. The rising 50-period moving average maintains the upside bias. The relative strength index is above its neutrality level at 50 and lacks downward momentum.

As long as 110.55 holds on the downside, look for a further advance toward 111.30 and even 111.60 in extension.

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. Therefore, long positions are recommended with the first target at 111.60 and the second one at 112.00. In the alternative scenario, short positions are recommended with the first target at 110.30 if the price moves below its pivot points. A break of this target may push the pair further downwards, and one may expect the second target at 109.95. The pivot point is at 110.65.

Resistance levels: 111.60, 112.00, and 112.45
Support levels: 110.30, 109.95, and 109.50

Analysis are provided byInstaForex.
Best regards, PR Manager
Learn more about InstaForex Company at http://instaforex.com

Reply
Technical analysis of EUR/USD for Apr 27, 2017

[Image: EURUSD.jpg]

When the European market opens, some Economic Data will be released such as Minimum Bid Rate, Italian 10-y Bond Auction, Spanish Unemployment Rate, Spanish Flash CPI y/y, German Prelim CPI m/m, and GfK German Consumer Climate. The US will release the Economic Data, too, such as Natural Gas Storage, Pending Home Sales m/m, Prelim Wholesale Inventories m/m, Goods Trade Balance, Durable Goods Orders m/m, Unemployment Claims, and Core Durable Goods Orders m/m, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.0960.
Strong Resistance:1.0954.
Original Resistance: 1.0943.
Inner Sell Area: 1.0932.
Target Inner Area: 1.0907.
Inner Buy Area: 1.0882.
Original Support: 1.0871.
Strong Support: 1.0860.
Breakout SELL Level: 1.0854.

Analysis are provided byInstaForex.
Best regards, PR Manager
Learn more about InstaForex Company at http://instaforex.com

Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  Daily Market Analysis from ForexMart AndreaForexMart 273 1,413 04-26-2017, 05:59 PM
Last Post: AndreaForexMart
  InstaForex Company News IFXGertrude21 71 1,185 04-21-2017, 11:57 AM
Last Post: IFXGertrude21
  Forex News from InstaForex IFXGertrude21 6 466 02-15-2016, 04:35 PM
Last Post: IFXGertrude21

Forum Jump:


Users browsing this thread: 1 Guest(s)