Technical analysis of Silver for June 01, 2015

Technical outlook and chart setups:

Silver is trading around the level of $16.70 preparing to rally through the level of $17.00. Please note that the metal bounced off the fibonacci 0.50 levels making a rally between $15.60 and resistance turned support, through the level of $17.70, and around $16.50. Also note that the metal could drop to the level of $16.40 before resuming its rally. It is hence recommended to remain long for now with risk around $16.00. Immediate support is seen at $16.20 followed by $15.80, $15.60, and lower. Resistance is seen at $17.30 followed by $17.70, $18.40/50, and higher respectively.

Trading recommendations:

Remain long for now, stop at $16.00, a target is open.

Good luck!

Read more: https://www.instaforex.com/forex_analysis/61280/

Technical analysis of Silver for June 02, 2015

Technical outlook and chart setups:

Silver jumped through the level of $17.20 yesterday before pulling back sharply. The metal is seen to be trading around $16.70 at the moment, looking to resume its rally towards $17.30/40 levels at least. It is hence recommended to remain long with risk around $16.00. Also note that the pair has found support around the fibonacci 0.618 levels of the rally between $16.15 and $17.40 respectively. Immediate support is seen at the level of $16.50 (interim) followed by $16.15, $15.80, and lower. Resistance is seen at $17.30/40 followed by $17.70/80, $18.40/50, and higher respectively.

Trading recommendations:

Remain long, stop is at $16.00, a target is open.

Good luck!

Read more: https://www.instaforex.com/forex_analysis/61336/

Technical analysis of EUR/USD for June 4, 2015

Overview:

The resistance was broken and turned to support at the level of 1.1264. Moreover, the same level is coinciding with the ratio of 78.6% Fibonacci retracement levels in the H4 chart. The pair has already formed strong support at 1.1264. But it should be noticed that minor support will be set at the level of 1.1302. However, EUR/USD pair was not able to close below 1.1302 and 1.1264. Additionally, the price has been still moving between above these supports for a while. The RSI and moving average (14) are still calling for an uptrend from the level of 1.1264/1.1302. The market indicates a bullish opportunity at the levels of 1.1264/1.1302 with the first target at 1.1408 and continues towards 1.1466 in order to try to test the weekly double top. On the other hand, if the price closes below the major support, the best location for placing a stop loss should be below 1.1264. Thus, the price will call for a bearish market in order to go further towards 1.1235.

Read more: https://www.instaforex.com/forex_analysis/61488/

Technical analysis of EUR/JPY for June 05, 2015

Technical outlook and chart setups:

The EUR/JPY pair finally reversed from 141.00 yesterday. The pair has reversed forming a bearish evening star candlestick pattern and is trading around 139.60 at the moment. A meaningful retracement lower could be expected from here, towards at least 135.00. It is still recommended to initiate at least 50% short positions now and remain around 140.20/30 with risk above 141.30. Immediate support is seen at the level of 138.00 followed by 135.00, 133.00, 131.50, and lower while resistance is seen at 141.00 and higher respectively.

Trading recommendations:

Initiate short positions again, stop is at 141.30, a target is open.

Good luck!

Read more: https://www.instaforex.com/forex_analysis/61522/

Elliott wave analysis of EUR/NZD for June 8 - 2015

Technical summary:

An expected correction in wave ii is unfolding and we will be looking for a correction lower to 1.5500 and maybe even lower to 1.5290. But we have to consider that we are in wave three higher and the correction tends to be small or even abnormal. So, we cannot expect too much of this correction.

In the short term, we expected minor resistance at 1.5798 to be able to protect the upside for a decline closer to 1.5500. A break above minor resistance at 1.5798 will be the first indication that wave ii is over and a new impulsive rally higher is developing. A break above 1.5833 is needed for a rally to 1.6456 (as the next major upside target) to confirm that wave iii is unfolding.

Trading recommendation:

We will buy EUR at 1.5525 or upon a break above minor resistance at 1.5798 with a stop placed 1.5200 expected to be able to raise the stop quickly.

Read more: https://www.instaforex.com/forex_analysis/61562/

Technical analysis of Silver for June 09, 2015

Technical outlook and chart setups:

Silver have formed potential support, just below the level of $16.00 and bounced off higher for now. Please also note that the metal has formed an engulfing bullish candlestick pattern, indicating a potential reversal. The metal is trading around the level of $16.09 at the moment, preparing to rally towards at least $16.80/$17.00. It is hence recommended to remain long for now, with risk at $15.30. Immediate support is seen at the level of $15.80, followed by $15.60, $15.30, and lower. Resistance is seen at $16.80 followed by $17.20, $17.70, and higher respectively.

Trading recommendations:

Remain long for now, stop is at $15.30, a target is open.

Good luck!

Read more: https://www.instaforex.com/forex_analysis/61656/

Elliott wave analysis of EUR/JPY for June 10 - 2015

Technical summary:

The correction in red wave ii/ has become more complex as resistance at 141.06 protected the upside yesterday. It kept the correction in red wave ii/ alive and we have already tested the 38.2% corrective target at 138.78. However, as long as minor resistance at 139.46 protects the upside, we must allow for a move slightly lower to 138.03, which marks the 50% corrective target of a rally from 135.10.

Trading recommendation:

Our stop at 138.75 was hit and we will stay neutral for now waiting for a new EUR-buying opportunity near 138.03.

Read more: https://www.instaforex.com/forex_analysis/61718/

Technical analysis of EUR/JPY for June 11, 2015

Technical outlook and chart setups:

The EUR/JPY pair finally produced a bearish evening star candlestick pattern on the daily chat yesterday. The pair is currently trading around 139.30/40, expected to continue dropping lower from here. Please note that the reversal candlestick pattern has been formed at fibonacci 0.618 resistance levels as depicted here. It is recommended to remain short hence with risk around the level of 142.50. Immediate resistance is seen at 141.00 followed by 142.00 and higher. Support is seen at 138.00 followed by 135.00, 133.00, and lower respectively.

Trading recommendations:

Remain short, stop is at 142.50, a target is open.

Good luck!

Read more: https://www.instaforex.com/forex_analysis/61786/

Technical analysis of USD/JPY for June 15, 2015

In Asia, Japan will not release any economic data. However, the US will release some economic data such as TIC Long-Term Purchases, NAHB Housing Market Index, Industrial Production m/m, Capacity Utilization Rate, and Empire State Manufacturing Index. So there is a big probability the USD/JPY pair will move with low volatility during the Asian session, but with low to medium volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 124.13.

Resistance. 2: 123.87.

Resistance. 1: 123.64.

Support. 1: 123.35.

Support. 2: 123.11.

Support. 3: 122.86.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Read more: https://www.instaforex.com/forex_analysis/61896/

Technical analysis of USD/CHF for June 16, 2015

Overview:

The USD/CHF pair has set above the level of 0.9224 (23.6% of Fibonacci retracement levels in the H4 chart). This level is coinciding with the double bottom. Additionally, the pair has already formed a strong support at 0.9250/0.9224. Now, it is approaching it in order to test it. On the other hand, the resistance is seen at 0.9395. We expect a range about 145 pips during next two days. The saturation is likely to be around the spot of 0.9400. Therefore, downside momentum is rather convincing and the structure of the fall does not look corrective. Sell at 0.9400 with the first target at 0.9320 in the short term. It will call for a downtrend then in order to continue its bearish movement towards 0.9224 to test the double bottom. At the same time, the stop loss should be placed at the level of 0.9438.

Read more: https://www.instaforex.com/forex_analysis/61992/

Technical analysis of USD/JPY for June 17, 2015

In Asia, Japan will release the Trade Balance. The US is expected to publish economic on Federal Funds Rate, FOMC Statement, and Crude Oil Inventories. So, there is a big probability that USD/JPY will move with a low to medium volatility during the Asian session, but with medium to high volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 124.03.

Resistance. 2: 123.77.

Resistance. 1: 123.54.

Support. 1: 123.25.

Support. 2: 123.01.

Support. 3: 122.76.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Read more: https://www.instaforex.com/forex_analysis/62024/

Technical analysis of EUR/JPY for June 18, 2015

Technical outlook and chart setups:

The EUR/JPY pair is trading around the level of 139.60 at the moment looking to push further higher. Please note that the pair had found support at fibonacci 0.382 levels of a rally between 133.00 and 141.00 respectively. It is expected to push higher until prices stay above the level of 138.00 at least. It is hence recommended to remain long from yesterday with risk at 137.50. Immediate support is seen at 138.00 (interim) followed by 135.00, 133.00, and lower. Resistance is seen at 141.00 and higher respectively.

Trading recommendations:

Remain long for now, stop is at 137.50, a target is open.

Good luck!

Read more: https://www.instaforex.com/forex_analysis/62090/

Technical analysis of USD/JPY for June 19, 2015

In Asia, Japan will release the All Industries Activity m/m and Monetary Policy Statement including the BOJ Press Conference. The US is not expected to release any economic data today. So, there is a strong probability that USD/JPY will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 123.52.

Resistance. 2: 123.28.

Resistance. 1: 123.04.

Support. 1: 123.75.

Support. 2: 122.51.

Support. 3: 122.27.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Read more: https://www.instaforex.com/forex_analysis/62140/

Technical analysis of EUR/USD for June 22, 2015

When the European market opens, some economic data on Consumer Confidence, Eurogroup Meetings, and Euro Summit is due. The US will release data about Existing Home Sales. So amid the reports, EUR/USD will move low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1415.

Strong Resistance:1.1408.

Original Resistance: 1.1397.

Inner Sell Area: 1.1386.

Target Inner Area: 1.1359.

Inner Buy Area: 1.1332.

Original Support: 1.1321.

Strong Support: 1.1310.

Breakout SELL Level: 1.1303.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Read more: https://www.instaforex.com/forex_analysis/62198/

Technical analysis of EUR/USD for June 23, 2015

When the European market opens, economic data on Italian Retail Sales m/m, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, abd French Flash Manufacturing PMI is due.The US will publish reports on the Richmond Manufacturing Index, New Home Sales, Flash Manufacturing PMI, HPI m/m, Durable Goods Orders m/m, and Core Durable Goods Orders m/m. So amid the reports, EUR/USD will move low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1400.

Strong Resistance:1.1393.

Original Resistance: 1.1382.

Inner Sell Area: 1.1371.

Target Inner Area: 1.1344.

Inner Buy Area: 1.1317.

Original Support: 1.1306.

Strong Support: 1.1295.

Breakout SELL Level: 1.1288.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Read more: https://www.instaforex.com/forex_analysis/62284/

Elliott wave analysis of EUR/NZD for June 29 - 2015

Technical summary:

The EUR hit major highs after Monday's opening bell, as the Greek Prime Minister called a referendum on whether to accept the latest terms set by creditors. The important short-term support at 1.5792 is still intact, so we will stay cautiously bullish for now.

To confirm the bullish outlook, a breakout back above resistance at 1.6370 is needed. It will call for more upside towards 1.7154. However, a breakout below support at 1.5792 will delay an expected rally and will force a review of the entire rally from a low of 1.3880.

Trading recommendation: Our stop at 1.6140 was taken out immediately as we opened at 1.6136. We will sideline until the volatility becomes normal again.

Read more: https://www.instaforex.com/forex_analysis/62534/

Technical analysis of EUR/USD for June 30, 2015

Technical outlook and chart setups:

The EUR/USD pair is trading around 1.1165/70 at the moment and is looking to rally higher. As seen here, the pair rallied through the levels of 1.1275/80 yesterday following a drop lower to 1.0950. Please note that the structure still reveals that EUR/USD continues approaching higher highs and higher lows. It bounced off its intermediary support trend line yesterday. It is recommended to initiate fresh long positions at the current level with risk at 1.0930. Immediate support is seen at 1.0950 followed by 1.0810 and lower. Resistance is seen at 1.1436 followed by 1.1450 and higher respectively.

Trading recommendations:

Initiate long positions, stop is at 1.0930, a target is at 1.1500 and 1.1800.

Good luck!

Read more: https://www.instaforex.com/forex_analysis/62604/

Technical analysis of EUR/USD for July 01, 2015

When the European market opens, economic data on the Final Manufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI, and Spanish Manufacturing PMI is due.The US will release data on Total Vehicle Sales, Crude Oil Inventories, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing PMI, Final Manufacturing PMI, ADP Non-Farm Employment Change, and Challenger Job Cuts y/y. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1186.

Strong Resistance:1.1180.

Original Resistance: 1.1169.

Inner Sell Area: 1.1158.

Target Inner Area: 1.1132.

Inner Buy Area: 1.1106.

Original Support: 1.1095.

Strong Support: 1.1084.

Breakout SELL Level: 1.1078.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Read more: https://www.instaforex.com/forex_analysis/62649/

Technical analysis of USD/JPY for July 02, 2015

At the Asian session, Japan will release data on the 10-y Bond Auction and Monetary Base y/y. The US is expected to unveil economic data on Gas Storage, Factory Orders m/m, Unemployment Claims, Average Hourly Earnings m/m, Unemployment Rate, and Non-Farm Employment Change. So, there is a strong probability that USD/JPY will move with low to medium volatility during the Asian session, but with medium to high volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 124.03.

Resistance. 2: 123.79.

Resistance. 1: 123.55.

Support. 1: 123.25.

Support. 2: 123.01.

Support. 3: 122.77.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisory if you have any doubts.

Read more: https://www.instaforex.com/forex_analysis/62713/

EUR/JPY Intraday Technical Analysis July 03, 2015

NZD/USD is likely to consolidate today after hitting a five-year low of 0.6659 on Thursday. The price is undermined by lower dairy prices, diminished investor risk appetite, divergent Reserve Bank of New Zealand-Federal Reserve monetary policy stances and kiwi sales on buoyant AUD/NZD cross. But NZD/USD downside is limited by weaker sentiment toward the US dollar (ICE spot dollar index last 96.08 versus 96.32 early Thursday).

Technical comment:

The daily is chart still negative-biased as the MACD is bearish, stochastics stays suppressed 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 long as it remains below the pivot point. Short positions are recommended with the first target at 0.6660. A break of that target will move the pair further downwards to 0.6630. The pivot point stands at 0.6800. 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, long positions are recommended with the first target at 0.6780 and the second target at 0.6825.

Resistance levels: 0.6780 0.6825 0.6850

Support levels: 0.6660 0.6630 0.66

Read more: https://www.instaforex.com/forex_analysis/62791/

USD/CAD Pushing Lower - Analysis for June 26, 2012

In Asia, Japan will release the Leading Indicators. The US is expected to publish economic data on Labor Market Conditions Index m/m, ISM Non-Manufacturing PMI, and Final Services PMI. So there is a strong probability that USD/JPY will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 123.26.

Resistance. 2: 123.02.

Resistance. 1: 122.78.

Support. 1: 122.48.

Support. 2: 122.24.

Support. 3: 122.00.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisory if you have any doubts.

Read more: https://www.instaforex.com/forex_analysis/62829/

Technical analysis of EUR/USD for July 07, 2015

When the European market opens, economic data on the French Trade Balance, French Gov Budget Balance, and German Industrial Production m/m is due. The US will release economic data about IBD/TIPP Economic Optimism, JOLTS Job Openings, and Trade Balance. So amid the reports, EUR/USD will move low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1100.

Strong Resistance:1.1094.

Original Resistance: 1.1083.

Inner Sell Area: 1.1072.

Target Inner Area: 1.1046.

Inner Buy Area: 1.1020.

Original Support: 1.1009.

Strong Support: 1.0998.

Breakout SELL Level: 1.0992.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Read more: https://www.instaforex.com/forex_analysis/62897/

Technical analysis of USD/JPY for July 08, 2015

In Asia, Japan will release data on the Economy Watchers Sentiment, Bank Lending y/y, and Current Account. The US will publish economic data about Consumer Credit m/m, FOMC Meeting Minutes, 10-y Bond Auction, and Crude Oil Inventories. So, there is a strong probability that USD/JPY will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 122.79.

Resistance. 2: 122.55.

Resistance. 1: 122.31.

Support. 1: 122.02.

Support. 2: 121.78.

Support. 3: 121.54.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Read more: https://www.instaforex.com/forex_analysis/62958/

Technical analysis of Gold for July 09, 2015

Technical outlook and chart setups:

Gold dropped to $1,146.00/47.00 yesterday before recovering sharply back to the territory above $1,150.00. The metal has re-tested a low at $1,143.00 and sustained. Moreover, the daily chart view is indicating a morning star formation, which is extremely encouraging for bulls. It is still recommended to wait for the confirmation before entering long positions again. The metal could be possibly forming a double bottom around $1,143.00/45.00 before resuming its trend on the higher side. Immediate support is seen at $1,143.00, while resistance is seen at $1,175.00 followed by $1,190.00 and higher respectively.

Trading recommendations:

Remain flat for now.

Good luck!

Read more: https://www.instaforex.com/forex_analysis/63059/

Technical analysis of USD/CAD for July 10, 2015


Overview:

According to the previous events, the USD/CAD pair is still moving between 1.2562 and 1.2767 in the long term. The support is found at the levels of 1.2562 and 1.2638; for that it will be so profitable to buy at this spot with the first target at 1.2730. Then, the pair will call for an uptrend in order to continue its bullish movement towards 1.2727 to test this strong resistance in the daily chart. Also, it should be noted that the level of 1.2767 represents a triple top. At the same time, the stop loss should be placed at the level of 1.2528.

Observations:

The triple top is seen at the level of 1.2667.

The support is seen at 1.2562. This level will represent the double bottom in the H4 chart.

We expect a range of 137 pips for the weekend (1.2630 - 1.2767).

Take notice:

The major support is represented with weekly support one. Moreover, the double bottom coincides with the major support and the strong support.

The price hit the weekly pivot point and support 1 last week because of the series of relatively equal highs and equal lows.

Read more: https://www.instaforex.com/forex_analysis/63099/

Technical analysis of EUR/USD for July 13, 2015

When the European market opens, no economic data is due but the results of the Euro group's Meeting. The US will release economic data on the Federal Budget Balance. So amid the reports, EUR/USD will move low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1182.

Strong Resistance:1.1176.

Original Resistance: 1.1165.

Inner Sell Area: 1.1154.

Target Inner Area: 1.1128.

Inner Buy Area: 1.1102.

Original Support: 1.1091.

Strong Support: 1.1080.

Breakout SELL Level: 1.1073.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisory if you have any doubts.

Read more: https://www.instaforex.com/forex_analysis/63183/

Technical analysis of EUR/USD for July 14, 2015

When the European market opens, economic data on ECOFIN Meetings, Industrial Production m/m, ZEW Economic Sentiment, German ZEW Economic Sentiment, and German Final CPI m/m is due. The US will publish data about Business Inventories m/m, Import Prices m/m, Retail Sales m/m, Core Retail Sales m/m, and NFIB Small Business Index. So amid the reports, EUR/USD will move low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1036.

Strong Resistance:1.1030.

Original Resistance: 1.1019.

Inner Sell Area: 1.1008.

Target Inner Area: 1.0958.

Inner Buy Area: 1.0958.

Original Support: 1.0947.

Strong Support: 1.0936.

Breakout SELL Level: 1.0930.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Read more: https://www.instaforex.com/forex_analysis/63247/

Technical analysis of AUD/CHF for July 21, 2015

The change in the momentum for the AUD/CHF pair has been detected; it should result in a corrective wave up. After the pair bounced from the downtrend trend line, the price broke above the key resistance R1 (0.7092).

While the bullish divergence has been formed on longer- and short-term scales, it indicates that sentiment is changing in bulls favor. At the same time, the price rejected the uptrend trend line that could be a signal that AUD/CHF is ready to move higher today or this week.

Consider buying AUD/CHF near R1 targeting either R2 (0.7209) or R3 (0.7272) resistance levels taken from the Fibonacci applied to the 07.05 low and 14.05 high. One move lower than S1 (0.7042) could either result in the consolidation or continuation of the downtrend.

Support: 0.7042

Resistance: 0.7272, 0.7209, 0.7272

Read more: https://www.instaforex.com/forex_analysis/63569/

EUR/CHF: Technical Analysis (Long Term) for July 4 - 6, 2012

When the European market opens, the economic news on Italian Retail Sales m/m is due.The US will release data on crude oil inventories, existing home sales, and HPI m/m. So amid the reports, EUR/USD will move low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.0988.

Strong Resistance:1.0982.

Original Resistance: 1.0971.

Inner Sell Area: 1.0960.

Target Inner Area: 1.0935.

Inner Buy Area: 1.0910.

Original Support: 1.0899.

Strong Support: 1.0888.

Breakout SELL Level: 1.0882.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Read more: https://www.instaforex.com/forex_analysis/63617/