Technical analysis of EUR/USD for October 05, 2015

When the European market opens, economic news on Retail Sales m/m, Sentix Investor Confidence, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI is due to be released. The US will publish economic data on Labor Market Conditions Index m/m, ISM Non-Manufacturing PMI, and Final Services PMI. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1273.

Strong Resistance:1.1267.

Original Resistance: 1.1256.

Inner Sell Area: 1.1245.

Target Inner Area: 1.1219.

Inner Buy Area: 1.1193.

Original Support: 1.1182.

Strong Support: 1.1171.

Breakout SELL Level: 1.1165.

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/66709/

Technical analysis of EUR/USD for October 06, 2015

When the European market opens, economic news on the results of the Euro group's Meeting, ECOFIN Meeting, Retail PMI, and German Factory Orders m/m is due to be released. The US will publish data about the IBD/TIPP Economic Optimism and Trade Balance. So, amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1249.

Strong Resistance:1.1243.

Original Resistance: 1.1232.

Inner Sell Area: 1.1221.

Target Inner Area: 1.1195.

Inner Buy Area: 1.1169.

Original Support: 1.1148.

Strong Support: 1.1147.

Breakout SELL Level: 1.1141.

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/66764/

Technical analysis of EUR/USD for October 07, 2015

When the European market opens, economic news on the German 10-y Bond Auction, French Trade Balance, and German Industrial Production m/m is due to be released.The US will unveil data on the Consumer Credit m/m, 10-y Bond Auction, and Crude Oil Inventories. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1322.

Strong Resistance:1.1316.

Original Resistance: 1.1305.

Inner Sell Area: 1.1294.

Target Inner Area: 1.1268.

Inner Buy Area: 1.1242.

Original Support: 1.1231.

Strong Support: 1.1220.

Breakout SELL Level: 1.1214.

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/66826/

Technical analysis of EUR/USD for October 08, 2015

When the European market opens, economic news on the ECB Monetary Policy Meeting Accounts and German Trade Balance is due to be released.The US will unveil the FOMC Meeting Minutes, data on 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 TECHNICAL LEVELS:

Breakout BUY Level: 1.1292.

Strong Resistance:1.1286.

Original Resistance: 1.1275.

Inner Sell Area: 1.1264.

Target Inner Area: 1.1238.

Inner Buy Area: 1.1212.

Original Support: 1.1201.

Strong Support: 1.1190.

Breakout SELL Level: 1.1184.

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/66883/

Elliott wave analysis of EUR/JPY for October, 2015

Technical summary:

A nice breakout above resistance at 135.71 is expected to continue moving higher towards 141.00. On the way higher, we should expect minor resistance near 137.43 and again at 138.10 as we work our the way higher. Support is now found at 136.31 and again at 135.71, which will ideally protect the downside for a rally higher to 138.10 and beyond.

Trading recommendation:

We are long EUR from 135.10 and will move stop higher to 135.30. If you are not long EUR yet, buy near 136.31 with the same stop at 135.30.

Read more: https://www.instaforex.com/forex_analysis/67003/

Technical analysis of EUR/USD for October 13, 2015

When the European market opens, economic news on the ZEW Economic Sentiment, German ZEW Economic Sentiment, German WPI m/m, and German Final CPI m/m is due to be released. The US will deliver economic data on the Federal Budget Balance 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: 1.1408.

Strong Resistance:1.1401.

Original Resistance: 1.1390.

Inner Sell Area: 1.1379.

Target Inner Area: 1.1352.

Inner Buy Area: 1.1325.

Original Support: 1.1314.

Strong Support: 1.1303.

Breakout SELL Level: 1.1296.

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/67059/

Elliott wave analysis of EUR/NZD for October 14, 2015

Technical summary:

The breakout above resistance at 1.7125 indicates that a bottom is already in place at 1.6820. We have also seen a break above the resistance line at 1.7901, which indicates a change of the trend. So, we have changed our count slightly to make the best fit. However, the breakout above 1.7125 calls for more upside room towards at least 1.8021 and above.

In the short term, I would like to see support at 1.6924 protecting the downside (ideally support at 1.7000 will do the job) for a break above 1.7198 and more importantly a break above the resistance line near 1.7400 confirming the rally to 1.8021.

Trading recommendation:

We bought EUR at 1.7125 and will place our stop at 1.6920. If you are not long EUR, buy on a break above 1.7198 and use the same stop, but expect it to rise soon.

Read more: https://www.instaforex.com/forex_analysis/67121/

Technical analysis of EUR/USD for October 15, 2015

When the European market opens, the economic news on the Spanish 10-y Bond Auction is due to be released. The US will publish economic data on Crude Oil Inventories, Natural Gas Storage, Philly Fed Manufacturing Index, Empire State Manufacturing Index, Unemployment Claims, Core CPI m/m, and CPI m/m. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1530.

Strong Resistance:1.1523.

Original Resistance: 1.1512.

Inner Sell Area: 1.1501.

Target Inner Area: 1.1474.

Inner Buy Area: 1.1447.

Original Support: 1.1436.

Strong Support: 1.1425.

Breakout SELL Level: 1.1418.

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/67179/

Elliott wave analysis of EUR/NZD for October 16, 2015

Wave summary:

With an adjusted count, we where looking for a final decline to 1.6544 and we have seen a low at 1.6486. We think that a low is in place for a new rally higher to at least 1.8019 and possibly even higher.

In the short term, we need support at 1.6486 to protect the downside for a break above minor resistance at 1.6707 as the first good indication that a bottom is in place. To confirm the bottom, a break above resistance at 1.6851 is needed.

Trading recommendation:

We bought EUR at 1.6555 and will place our stop at 1.6480. If you are not long EUR yet, buy on a break above 1.6670 and use the same stop.

Read more: https://www.instaforex.com/forex_analysis/67237/

thank u

amyliajane:
thank u

Daily analysis of Silver for October 19, 2015

Overview

Silver price fluctuates near the critical resistance level at 15.85, waiting for a breach to ease resuming the bullish trend, which got continuous support from the EMA 50, reminding you that our next target is seen at 16.30 and then at 16.85. In general, the positive scenario will remain valid and active unless the level of 15.40 gets broken. The price is holding below it, pointing that stochastic gains positive momentum gradually to reinforce the bullish track expectations. Nevertheless, silver is still trading above 38.2% Fibonacci at 15.42 and above moving averages, which contradicts with the downside tendencies seen after touching the levels of 16.00.

Read more: https://www.instaforex.com/forex_analysis/67301/

Technical analysis of EUR/USD for October 20, 2015

When the European market opens, some economic news on the Current Account and German PPI m/m is due to be released. The US will publish economic data about Housing Starts and Building Permits. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1385.

Strong Resistance:1.1378.

Original Resistance: 1.1367.

Inner Sell Area: 1.1356.

Target Inner Area: 1.1329.

Inner Buy Area: 1.1302.

Original Support: 1.1291.

Strong Support: 1.1280.

Breakout SELL Level: 1.1273.

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/67359/

Elliott wave analysis of EUR/JPY for October 26, 2015

Wave summary:

The first wave iii target at 132.98 has almost been tested, and I would continue to look lower for a firm test of this target and even lower to the 200% extension target at 132.17 where strong support will be found. If the later target is broken too, the way lower to 126.05 and below should be cleared.

Resistance at 134.27 should be able to protect the upside for a decline to 132.98 and even lower.

Trading recommendation:

We are short EUR from 135.95 and take profit is at 133.00. We will move our stop lower to 134.30. As we are getting closer to a possible low for wave iii, we recommend waiting to sell EUR close to 134.27 in wave iv.

Read more: https://www.instaforex.com/forex_analysis/67601/

Technical analysis of EUR/USD for October 27, 2015

When the European market opens, economic news on Private Loans y/y and M3 Money Supply y/y is due to be released. The US will publish data about the Richmond Manufacturing Index, CB Consumer Confidence, Flash Services PMI, S&P/CS Composite-20 HPI y/y, Durable Goods Orders m/m, and Core Durable Goods Orders m/m. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1111.

Strong Resistance:1.1105.

Original Resistance: 1.1094.

Inner Sell Area: 1.1083.

Target Inner Area: 1.1057.

Inner Buy Area: 1.1031.

Original Support: 1.1020.

Strong Support: 1.1009.

Breakout SELL Level: 1.1003.

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/67665/

Technical analysis of EUR/USD for October 28, 2015

When the European market opens, some economic news on the German 10-y Bond Auction, GfK German Consumer Climate, and German Import Prices m/m is due to be released.The US will unveil economic data on the Federal Funds Rate, FOMC Statement, Crude Oil Inventories, and Goods Trade Balance. So amid the reports, EUR/USD will move with medium to high volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout buy Level: 1.1087.

Strong Resistance:1.1081.

Original Resistance: 1.1070.

Inner Sell Area: 1.1059.

Target Inner Area: 1.1033.

Inner Buy Area: 1.1007.

Original Support: 1.0996.

Strong Support: 1.0985.

Breakout sell Level: 1.0979.

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/67734/

Elliott wave analysis of EUR/NZD for October 29, 2015

Wave summary: We saw a nice test of strong resistance near 1.6500 yesterday, but no break above this resistance was seen. We do however expected that a break above here will be seen soon for a move closer to 1.6950. That said we also have to be aware of the risk of a breakout below support at 1.6124, which is likely to extend the downside for a decline closer to 1.5882. This is not our preferred outcome, but if support at 1.6124 is broken that will become our preferred count.

Trading recommendation:

We are long EUR from 1.6390 with stop placed at 1.6180. If you are not long EUR yet, then wait a buy a break above 1.6515 for a rally closer to 1.6950.

Read more: https://www.instaforex.com/forex_analysis/67797/

Technical analysis of EUR/USD for October 30, 2015

When the European market opens, some 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, Spanish Flash GDP q/q, French Consumer Spending m/m, and German Retail Sales m/m is due to be released. The US will publish economic news on the Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, Personal Income m/m, Personal Spending m/m, Core PCE Price Index m/m, and Employment Cost Index q/q. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1040.

Strong Resistance:1.1034.

Original Resistance: 1.1023.

Inner Sell Area: 1.1012.

Target Inner Area: 1.0987.

Inner Buy Area: 1.10962.

Original Support: 1.0951.

Strong Support: 1.0940.

Breakout sell level: 1.0934.

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/67878/

Elliott wave analysis of EUR/NZD for November 2 - 2015

Wave summary: We still think that the best wave count is that a bottom of the corrective decline from 1.9114 was found at 1.6124, but the move higher does look very convincing. A break above resistance at 1.6515 will do the job and call for a continuation higher to 1.6950 and above.

However, as long as resistance at 1.6515 is able to protect the upside, the risk remains that a new low below 1.6124 could be seen. The downside target would then be 1.6024.

Trading recommendation: Our stop at 1.6180 was hit and we will stay neutral for now.

Read more: https://www.instaforex.com/forex_analysis/67936/

Technical analysis of USD/JPY for November 03, 2015

In Asia, Japan will not release any economic data. However, the US will release some economic data such as Total Vehicle Sales, IBD/TIPP Economic Optimism, and Factory Orders m/m. So there is a big probability the USD/JPY pair will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 121.35.

Resistance. 2: 121.12.

Resistance. 1: 120.88.

Support. 1: 120.58.

Support. 2: 120.35.

Support. 3: 120.11.

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/67990/

Technical analysis of USD/JPY for November 04, 2015

In Asia, Japan will release the Consumer Confidence report and Monetary Base y/y. The US will also publish some economic data such as Crude Oil Inventories, ISM Non-Manufacturing PMI, Fed Chair Yellen Testimony, Final Services PMI, Trade Balance, and ADP Non-Farm Employment Change. So there is a big probability the USD/JPY pair will move with low to medium volatility during the Asian session, but with medium volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 121.95.

Resistance. 2: 121.72.

Resistance. 1: 121.48.

Support. 1: 121.18.

Support. 2: 120.95.

Support. 3: 120.70.

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/68052/

Technical analysis of EUR/JPY for November 05, 2015

Technical outlook and chart setups: The EUR/JPY remains just shy and is bouncing ahead of 131.40/50 levels, the October 29, 2015 lows as seen here. The pair has formed a doji candlestick pattern, a few hours back and is seen to be trading around 132.07 levels for the moment. Please note that bulls could stage an impressive rally from current levels, towards 134.50 levels easily, if 131.40 remains intact. It is hence recommended to remain long for now, with risk at 131.40 or lower. Immediate support is seen through 131.40 levels (interim), followed by 130.00 and lower, while resistance is seen through 133.50/70 levels, followed by 134.00 and higher respectively.

Trading recommendations:

Remain long for now, stop at 131.20/30, a target is open for now.

Good luck!

Read more: https://www.instaforex.com/forex_analysis/68125/

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mauriceju2:
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Technical analysis of EUR/USD for November 06, 2015

When the European market opens, some economic news will be released such as French Trade Balance, French Gov Budget Balance, and German Industrial Production m/m. The US will post the economic data too such as the Consumer Credit m/m, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m. So amid the reports, EUR/USD will move with medium to high volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.0934.

Strong Resistance:1.0928.

Original Resistance: 1.0917.

Inner Sell Area: 1.0906.

Target Inner Area: 1.0881.

Inner Buy Area: 1.0856.

Original Support: 1.0845.

Strong Support: 1.0834.

Breakout SELL Level: 1.0828.

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/68177/

Technical analysis of EUR/USD for November 09, 2015 [color=#990000][/color]

When the European market opens, some economic news will be released such as Eurogroup Meetings minutes, Sentix Investor Confidence, and German Trade Balance. The US will release the macroeconomic report too such as the Labor Market Conditions 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: 1.0782.

Strong Resistance:1.0776.

Original Resistance: 1.0765.

Inner Sell Area: 1.0754.

Target Inner Area: 1.0729.

Inner Buy Area: 1.0704.

Original Support: 1.0693.

Strong Support: 1.0682.

Breakout SELL Level: 1.0676.

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/68236/

Technical analysis of USD/JPY for November 10, 2015

In Asia, Japan will release data on the Economy Watchers Sentiment, Bank Lending y/y, and Current Account. The US will publish some economic data about 10-y Bond Auction, Wholesale Inventories m/m, Mortgage Delinquencies, Import Prices m/m, and NFIB Small Business Index. So, there is a strong probability that the USD/JPY pair will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 123.80.

Resistance. 2: 123.56.

Resistance. 1: 123.31.

Support. 1: 123.02.

Support. 2: 122.78.

Support. 3: 122.54.

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/68288/

Technical analysis of EUR/JPY for November 16, 2015

Technical outlook and chart setups:

The EUR/JPY pair moved below the level of 131.00 taking stops out. But then, it has pulled back sharply above 131.50 levels again and is comfortably trading above 131.50 at the moment. As depicted on the daily chart, the pair is still holding in its Fibonacci 0.618 support zone around 131.00 trying to go through the level of 133.25, which is initial interim resistance. Aggressive trade setups are still recommended for initiating long positions with risk below 130.60. Immediate support is seen at 130.60 followed by 130.00, and lower, while resistance is seen at 133.25 and higher.

Trading recommendations:

Initiate fresh long positions with stop at 130.40, a target is open.

Good luck!

Read more: https://www.instaforex.com/forex_analysis/68538/

Technical analysis of EUR/USD for November 17, 2015

When the European market opens, economic news on the ZEW Economic Sentiment, German ZEW Economic Sentiment, and Italian Trade Balance is due to be released. The US will unveil economic data on the NAHB Housing Market Index, Mortgage Delinquencies, Industrial Production m/m, Capacity Utilization Rate, and Core CPI m/m, CPI m/m. So amid the reports, the EUR/USD pair will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.0740.

Strong Resistance:1.0733.

Original Resistance: 1.0723.

Inner Sell Area: 1.0713.

Target Inner Area: 1.0688.

Inner Buy Area: 1.0663.

Original Support: 1.0653

Strong Support: 1.0648.

Breakout sell level: 1.0636.

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/68581/

Technical analysis of Silver for November 18, 2015

Technical outlook and chart setups: Silver dropped below the level of $14.10 overnight, but is managed to recover trading above $14.25 at the moment. The metal is forming a potential morning star candlestick pattern on the H4 chart that still indicates a potential counter trend rally can take place soon. The metal should break through the resistance line and get through $14.50 to confirm the bullish setup. We prefer to stay long on trades taken earlier with risk at $14.00, but refrain from buying fresh positions until the trend line breaks. Immediate support is found at $14.10 (interim), while resistance is seen at $14.50.

Trading recommendations:

Remain long with stop at $14.00. A target is at $15.00.

Good luck!

Read more: https://www.instaforex.com/forex_analysis/68647/

Technical analysis of EUR/USD for November 19, 2015

When the European market opens, economic news on the ECB Monetary Policy Meeting Accounts, Spanish 10-y Bond Auction, and Current Account is due to be released. The US will release publish data on the Natural Gas Storage, CB Leading Index m/m, Philly Fed Manufacturing Index, and Unemployment Claims. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.0734.

Strong Resistance:1.0727.

Original Resistance: 1.0717.

Inner Sell Area: 1.0707.

Target Inner Area: 1.0682.

Inner Buy Area: 1.0657.

Original Support: 1.0647.

Strong Support: 1.0637.

Breakout sell level: 1.0630.

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