Technical analysis of USD/JPY for August 31, 2015

In Asia, Japan will release data on Housing Starts y/y and Prelim Industrial Production m/m. The US will unveile economic data on the Chicago 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: 121.81.

Resistance. 2: 121.57.

Resistance. 1: 121.33.

Support. 1: 121.04.

Support. 2: 120.81.

Support. 3: 120.57.

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/65233/

Elliott wave analysis of EUR/JPY for September 1, 2015

Technical summary:

There are still no changes in the view - We expect an upside breakout through the minor resistance at 136.62 confirming a continuation higher towards 139.02 and 141.06. A break below support at 135.23 could take place, but we think the downside potential should be limited. Only a break below the important support level of 133.27 will indicate a much more complex correction unfolding from a high of 141.06.

Trading recommendation:

We are long EUR from 136.42 with stop placed at 134.90. If you are not long EUR yet, buy a break above 136.62 with a stop at 135.60

Read more: https://www.instaforex.com/forex_analysis/65323/

Technical analysis of Gold for September 02, 2015

Technical outlook and chart setups: Gold is still a candidate to be sold on rallies until prices stay broadly below $1,200.00/30.00. The metal has reversed lower after stalling at $1,170.00 levels recently and prices are expected to move lower towards at least $1,030.00. It is hence recommended to remain short with risk around $1,180.00. Immediate support is seen at $1,110.00 followed by $1,090.00, $1,080.00, and lower, while resistance is seen at $1,170.00 (interim) followed by $1,200.00, $1,230.00, and higher.

Trading recommendations:

Remain short for now, stop is at $1,180.00, a target is around $1,030.00. Good luck!

Read more: https://www.instaforex.com/forex_analysis/65393/

Elliott wave analysis of EUR/JPY for September 3, 2015

Technical summary:

We can see a new sideways consolidation which is taking place in the chart. This consolidation does look like the former consolidation, which resulted in a downswing. It does not mean that this consolidation has to result in a new swing down. A break below support at 134.63 will call for a move closer to the important support at 133.27, which has to protect the downside,or we will be faced with an entire new scenario. On the other hand, a break above minor resistance at 136.24 will ease the downside pressure and call for a movement back to 139.02 and likely higher to 141.06.

Trading recommendation:

We will only buy a break above 136.24

Read more: https://www.instaforex.com/forex_analysis/65441/

Technical analysis of USD/JPY for September 04, 2015

In Asia, Japan will release data on Average Cash Earnings y/y and the US will publish economic data on the Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m. So, there is a strong probability that the USD/JPY pair will move with low volatility during the Asian session, but with medium to high volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 120.14.

Resistance. 2: 120.19.

Resistance. 1: 119.94.

Support. 1: 119.65.

Support. 2: 119.42.

Support. 3: 119.18.

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/65503/

Technical analysis of USD/JPY for September 07, 2015

In Asia, Japan will release data for Leading Indicators while the US is not expected to publish any data today. So, there is a strong probability that USD/JPY will move with low volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 119.93.

Resistance. 2: 119.69.

Resistance. 1: 119.46.

Support. 1: 119.17.

Support. 2: 118.94.

Support. 3: 118.70.

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/65551/

Technical analysis of EUR/USD for September 08, 2015

When the European market opens, economic news on the Revised GDP q/q, French Trade Balance, French Gov Budget Balance, and German Trade Balance is due to be released.The US will unveil economic data on the Consumer Credit m/m, Labor Market Conditions Index m/m, and NFIB Small Business Index. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1213.

Strong Resistance:1.1207.

Original Resistance: 1.1196.

Inner Sell Area: 1.1185.

Target Inner Area: 1.1159.

Inner Buy Area: 1.1133.

Original Support: 1.1122.

Strong Support: 1.1111.

Breakout SELL Level: 1.1105.

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/65615/

Goodmorning to you instaforexyemi and all others in the house,pls I just opened a new instaforex account and am about funding it.But I want to ask your opinion on which of the bonuses should I take advantage of? The 250 percent,55 or 30 percent bonus is good.I just need your advice based on your experience.

enet1:
Goodmorning to you instaforexyemi and all others in the house,pls I just opened a new instaforex account and am about funding it.But I want to ask your opinion on which of the bonuses should I take advantage of? The 250 percent,55 or 30 percent bonus is good.I just need your advice based on your experience.

Dear Enet1,

Good morning to you and trust you are doing well today.

As regards your questions regarding which of the bonuses should be taking advantage of? InstaForex offers its clients the widest range of bonuses.

The 250% bonuses is given after the first deposit or new account, or an account which have not received any bonuses before
Verification: It requires both the first level and second level verification

The 55% bonuses is given to a client each time he or she makes deposit into the account.
Verification: It requires the first level verification.

The 30% bonuses is given to a client based on any deposit made to his or her account.
Verification: No need to verify an account before obtaining it.

For further information on any of the bonuses, please kindly visit this link: https://www.instaforex.com/instaforex_bonuses.php.

Note: To get any of these bonuses, you must request for the bonuses after each of the deposit to your account. Also, kindly read the terms and condition of each bonuses.

If you have any further question, please do not hesitate to send me a message here in this platform.

Thank you and have a great day.

instaforex used to have an office in Ilorin but later left. What happened?

AmeLonRo:
instaforex used to have an office in Ilorin but later left. What happened?

Dear AmeLonRo,

How are you doing today?

It's my great pleasure to let you know that Instaforex never had any office at Ilorin, possibly may be someone had an office over there and also knows about forex and that person was registering clients using Instaforex name.

Please kindly visit this links for our offices in Nigeria: https://www.instaforex.com/offices.php?p=19

Although, we are currently working on having an office at Ilorin. As soon as this is accomplished we will get the message across to you.

If you have any other further question, please do not hesitate to send me a message here in this platform.

Thank you and have a great day.

Technical analysis of USD/JPY for September 09, 2015

In Asia, Japan will release data on the Prelim Machine Tool Orders y/y, Consumer Confidence, and M2 Money Stock y/y. The US is expected to post economic data about 10-y Bond Auction and JOLTS Job Openings. So, there is a strong probability that USD/JPY will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 120.86.

Resistance. 2: 120.62.

Resistance. 1: 120.39.

Support. 1: 120.10.

Support. 2: 119.86.

Support. 3: 119.63.

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/65670/

InstaForexyemi:


Dear Enet1,

Good morning to you and trust you are doing well today.

As regards your questions regarding which of the bonuses should be taking advantage of? InstaForex offers its clients the widest range of bonuses.

The 250% bonuses is given after the first deposit or new account, or an account which have not received any bonuses before
Verification: It requires both the first level and second level verification

The 55% bonuses is given to a client each time he or she makes deposit into the account.
Verification: It requires the first level verification.

The 30% bonuses is given to a client based on any deposit made to his or her account.
Verification: No need to verify an account before obtaining it.

For further information on any of the bonuses, please kindly visit this link: https://www.instaforex.com/instaforex_bonuses.php.

Note: To get any of these bonuses, you must request for the bonuses after each of the deposit to your account. Also, kindly read the terms and condition of each bonuses.

If you have any further question, please do not hesitate to send me a message here in this platform.

Thank you and have a great day.

Thanks for your answer Instaforexyemi!pls what does the 1st and 2nd level verification entails.Pls explain to me

enet1:
Thanks for your answer Instaforexyemi!pls what does the 1st and 2nd level verification entails.Pls explain to me

Dear Enet1,

As regards your questions concerning the 1st and 2nd level verification,
The 1st level verification basically entails your Age, Name and your date of Birth and this is done so as to confirm if all these information corresponds with the information provided or used in registering the account.

While the 2nd level verification is basically to know or confirm if your present address corresponds with the one you used in registering your previous account.

To Verify your account, you can send a mail to: verification@mail.instaforex.com.

Moreso, below are the basic requirements for the uploaded documents:

1. The scanned copy must be clear and in colour.
2. The scanned copy must be complete and have two-page spread.
- Both sides of the identity document must be scanned.
- If, according to the rules of the customer’s country of residence, the passport is not changed or renewed upon a certain age but has a new photo pasted into and/or the expiry date extended, the copy of such page must be submitted as well.
- If the customer’s name is in two languages in the passport, but this data is on different pages, the scanned copies of both pages must be provided.
3. No obvious erasures, additions, scratch-outs or other unauthorized manipulations are allowed.
4. The photo must be of high quality.
5. The name(s) on the account must be identical to the one(s) in the document.
6. One of the documents uploaded for verification must prove a client’s address. Address specified in the account data must be the same as in the document.
7. The document submitted must be valid for at least 6 months at the moment of applying for verification and be duly stamped and signed.
8. The document uploaded for the second-level verification must differ from the one submitted for the first level.*
9. In case the account is registered in the name of a legal entity, the documents confirming the company’s registration must be provided.**
10. Documents in the national language must be translated into English and notarized. Upon uploading, you should additionally submit the scanned copy of the original.
11. Accepted file types are .png, .jpeg, .jpg, .gif and .pdf. The size of the file must not exceed 2 MB.
12. Electronic bank statements and electronic utility bills are not accepted for verification.
* The requirement 8 also applies to the clients who uploaded the same page of the passport to both verification levels. The requirement does not apply to the clients who submitted the page of the passport containing the residential address along with the main page (information page) of the passport. In case the main page of a passport is uploaded for the first level, the page confirming the residential address is enough to the get the second-level verification status.
** If a trading account is opened by a legal entity, the documents confirming the company's registration and shareholder certificate are necessary to upload to pass the first level of verification. For the second level of verification, an identification document of the individual owning the account must be provided.
Documents for the first-level verification:
a) Articles of association and memorandum of association, or equivalent documents;
b) Registration documents (registration certificate, certificate of incorporation, etc.);
c) Directors register (board resolution, appointment of the director, incumbency certificate).
Documents for the second-level verification:
a) Scanned copy of the passport of the one who trades on the account (or the director, if he is the one to trade);
b) Power of attorney to carry out operations on the trading account (if trading is conducted by a person other than the company's director).


Note: Please kindly visit this link: https://www.instaforex.com/verification.php
for further details about account verification.

If you have any further details as regards Instaforex, please do not hesitate to send me a message here.

Thank you and have a great day.

Technical analysis of USD/JPY for September 10, 2015

In Asia, Japan will release data on the Consumer Confidence Index and M2 Money Stock y/y. The US will publish economic data about Bond Auction, Crude Oil Inventories, Natural Gas Storage, Wholesale Inventories m/m, Import Prices m/m, and Import Prices m/m. So, there is a strong probability the USD/JPY will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 120.75.

Resistance. 2: 120.51.

Resistance. 1: 120.28.

Support. 1: 119.98.

Support. 2: 119.74.

Support. 3: 119.51.

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/65734/

Technical analysis of EUR/USD for September 11, 2015

When the European market opens, economic news on ECOFIN Meetings, Italian Industrial Production m/m, German WPI m/m, and German Final CPI m/m is due to be released.The US will publish reports about the Federal Budget Balance, Prelim UoM Inflation Expectation, Prelim UoM Consumer Sentiment, Core PPI m/m, and PPI m/m. So amid the reports, EUR/USD will move low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1335.

Strong Resistance:1.1329.

Original Resistance: 1.1318.

Inner Sell Area: 1.1307.

Target Inner Area: 1.1281.

Inner Buy Area: 1.1255.

Original Support: 1.1244.

Strong Support: 1.1233.

Breakout SELL Level: 1.1227.

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/65787/

Technical analysis of EUR/USD for September 14, 2015

When the European market opens, economic news about the Industrial Production m/m is due to be released. Today, the US is not expected to unveil economic data. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1398.

Strong Resistance:1.1391.

Original Resistance: 1.1380.

Inner Sell Area: 1.1369.

Target Inner Area: 1.1342.

Inner Buy Area: 1.1315.

Original Support: 1.1304.

Strong Support: 1.1293.

Breakout SELL Level: 1.1286.

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/65840/

Technical analysis of USD/JPY for September 15, 2015

In Asia, Japan will release the BOJ Monetary Policy Statement. The US will unveil economic data about Business Inventories m/m, Industrial Production m/m, Capacity Utilization Rate, Empire State Manufacturing Index, Retail Sales m/m, and Core Retail Sales m/m. So, there is a strong probability that USD/JPY will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 121.11.

Resistance. 2: 120.87.

Resistance. 1: 120.64.

Support. 1: 120.35.

Support. 2: 120.11.

Support. 3: 119.88.

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/65892/

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MY RECENT TRADING PROOFS

Hello Nairalanders,
Am IDONGESIT PETER, Am a professional and successful forex and binary options trader, i also trade and manage account for anyone who is interested in making profits and grow his account . YOU CAN CALL @+2348132042007, Email: idygenius@gmail.com.

websites:http://binaryoptionforexsignal..com.ng,
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MY TRADING PROOFS

Technical analysis of Silver for September 17, 2015

Technical outlook and chart setups: Silver is seen to be testing $15.00 again together with the 50-day moving average resistance line. Please note that the trend line and fibonacci 0.618 resistance is also just around the levels of $15.00/10. Bears are expected to remain in control until prices stay below $15.60 at least. It is hence recommended to remain short for now with risk at $15.60. Immediate support is seen at the levels of $14.00, followed by $13.00, $12.00, and lower while resistance is seen at $15.60 followed by $16.40, $17.50, and higher.

Trading recommendations:

Remain short for now, stop at $15.50/60, a target is open.

Good luck!

Read more: https://www.instaforex.com/forex_analysis/66036/

My forex robot is still making profits. A NL that bought it started with just 250 USD plus 100 percent brokers bonus, which equals 500 USD. Within two weeks, this guy is smiling with a clear profit of over 90 USD. I know some gurus will tell you that is small, but do it yourself and see. For critics, no problem it part of life. But the truth will speak for itself. If interested, Contact me on smartdebiz@gmail.com, 08165498163

smartdebiz:
My forex robot is still making profits. A NL
that bought it started with just 250 USD plus
100 percent brokers bonus, which equals
500 USD. Within two weeks, this guy is smiling
with a clear profit of over 90 USD. I know some
gurus will tell you that is small, but do it
yourself and see. For critics, no problem it part of
life. But the truth will speak for itself. If interested,
Contact me on smartdebiz@gmail.com,
08165498163

Dear Smartdebiz,

Kindly ask you stop advertising your Forex broker here in this thread.

Technical analysis of EUR/USD for September 21, 2015

When the European market opens, economic news on the German PPI m/m is due to be released. The US will publish economic data about Existing Home Sales. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1343.

Strong Resistance:1.1337.

Original Resistance: 1.1326.

Inner Sell Area: 1.1315.

Target Inner Area: 1.1289.

Inner Buy Area: 1.1263.

Original Support: 1.1252.

Strong Support: 1.1241.

Breakout SELL Level: 1.1235.

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/66122/

Technical analysis of GBP/JPY for September 22, 2015

GBP/JPY is expected to trade in a lower range as the pair is under pressure now. The pair reached lower highs and lower lows confirming a bearish outlook. The 20- and 50-period MAs are declining acting as resistance. The intraday RSI is negative and calls for further downside. Below 187.35, the pair is likely to decline towards targets at 184.90 and 184.20.

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 184.90. A breakout of that target will move the pair further downwards to 184.20. The pivot point stands at 187.35. 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 187.95 and the second target at 189.

Resistance levels: 187.95 189.00 189.85

Support levels: 184.90 184.20 183.25

Read more: https://www.instaforex.com/forex_analysis/66184/

Technical analysis of NZD/USD for September 23, 2015

NZD/USD is expected to trade in a lower range as the pair is under pressure now. The pair is still trading on the downside below the key resistance at 0.6305. It is likely to post a further decline. The 20- and 50-period MAs are heading downwards, without generating any reversal signals. The intraday RSI is below its neutrality level of 50 lacking upward momentum. As long as 0.6305 holds the upside, look for further decline to 0.6240 and 0.6240.

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 0.6240. A break of that target will move the pair further downwards to 0.6210. The pivot point stands at 0.6305. 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 0.6330 and the second target at 0.6360.

Resistance levels: 0.6330 0.6360 0.6415

Support levels:0.6240 0.6210 0.6175

Read more: https://www.instaforex.com/forex_analysis/66247/

Technical analysis of EUR/USD for September 28, 2015

When the European market opens, no economic reports will be delivered, but the US will release economic data about Pending Home Sales m/m, Personal Income m/m, Personal Spending m/m, and Core PCE Price Index m/m. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1252.

Strong Resistance:1.1246.

Original Resistance: 1.1235.

Inner Sell Area: 1.1224.

Target Inner Area: 1.1198.

Inner Buy Area: 1.1172.

Original Support: 1.1161.

Strong Support: 1.1150.

Breakout SELL Level: 1.1144.

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.

Technical analysis of USD/JPY for September 29, 2015

In Asia, Japan will not release any economic data, but the US will publish data on the CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, and Goods Trade Balance. So, there is a strong probability that USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 120.25.

Resistance. 2: 120.01.

Resistance. 1: 119.78.

Support. 1: 119.55.

Support. 2: 119.31.

Support. 3: 119.02.

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/66464/

Technical analysis of EUR/USD for September 30, 2015

When the European market opens, economic news on the Italian Prelim CPI m/m, Unemployment Rate, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Italian Monthly Unemployment Rate, German Unemployment Change, French Consumer Spending m/m, and German Retail Sales m/m is due to be released. The US is expected to publish economic data on Crude Oil Inventories, Chicago PMI, and ADP Non-Farm Employment Change. So amid the reports, EUR/USD will move with medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1307.

Strong Resistance:1.1301.

Original Resistance: 1.1290.

Inner Sell Area: 1.1279.

Target Inner Area: 1.1253.

Inner Buy Area: 1.1227.

Original Support: 1.1216.

Strong Support: 1.1205.

Breakout SELL Level: 1.1199.

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/66537/

Technical analysis of NZD/USD for October 02, 2015

NZD/USD is expected to trade with a bullish bias above 0.6380. Technically, the pair still holds above its key support base around 0.6380, and seems to be likely to post some consolidations before a further advance. The technical indicator such as the intraday RSI is losing upward momentum, but is still mixed to bullish. As long as 0.6380 is not broken, any consolidations should be limited before new bounces to 0.6445 (October 1 top) and 0.6485.

Trading recommendations:

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. As long as the price holds above its pivot point, long positions are recommended with the first target at 0.6445 and the second target at 0.6485. In the alternative scenario, short positions are recommended with the first target at 0.6350 if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 0.6320. The pivot point is at 0.6380.

Resistance levels: 0.6445 0.6485 0.6525

Support levels: 0.6350 0.6320 0.6285

Read more: https://www.instaforex.com/forex_analysis/66669/