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News And Technical Analysis From Instaforex - Business (3) - Nairaland

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Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 10:30am On Sep 28, 2016
EURUSD Technical Analysis for September 28, 2016.

Technical outlook and chart setups:

The EURUSD has now dropped further as expected and discussed yesterday. The pair has made lows at 1.1190 levels before pulling back towards 1.1225 only to find resistance there. It is seen to be trading at 1.1207 levels at this moment, and is expected to drop further towards 1.1180 and 1.1165 levels subsequently. The wave structure still indicates that the pair is on its way to produce a wave 5 impulse drop from 1.1279 levels and a push below 1.1190 would confirm the same. Once this is done, a counter trend rally should materialize towards 1.1250/60 levels before the pair reverses sharply. Ideally, prices should remain below 1.1280/90 levels to keep the bearish structure intact. It is hence recommended to remain short, with risk at 1.1290 levels, one can take partial profits though.. Immediate resistance is seen at 1.1283 levels, while support is seen at 1.1120 levels respectively.

Trading recommendations: Remain short, stop at 1.1290, target is open. Please consider taking partial profits.

Good luck!

Read more: https://www.instaforex.com/forex_analysis/82072

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 2:17pm On Sep 29, 2016
Gold analysis for September 29, 2016

Since our previous analysis, gold has been trading downwards. As I expected, the price tested the level of $1,317.79 in a high volume. The third take profit level at the price of $1,320.20 from yesterday has been met. The intraday trend is still downward. So, be careful when buying gold at this stage and watch for selling opportunities. Using the market profile analysis, I found yesterday's point of control at the price of $1,325.30. Watch for selling opportunities on pullbacks. Next downward targets are set at the prices of $1,314.50 and $1,308.50.

Daily Fibonacci pivot points:

Resistance levels:

R1: 1,329.90

R2: 1,332.15

R3: 1,335.85

Support levels:

S1: 1,322.55

S2: 1,320.25

S3: 1,316.55

Trading recommendations for today: Intraday downward trend. Watch for selling opportunities on pullbacks.

Read more: https://www.instaforex.com/forex_analysis/82188

Re: News And Technical Analysis From Instaforex by DadojoReloaded(m): 2:25pm On Sep 29, 2016
Seun, Dominique, I thought the promotion of anything related to forex trade is banned on Nairaland?
Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 11:55am On Sep 30, 2016
Technical analysis of EUR/USD for Sept 30, 2016

When the European market opens, some economic data will be released such as Unemployment Rate, Italian Prelim CPI m/m, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Italian Monthly Unemployment Rate, French Prelim CPI m/m, French Consumer Spending m/m, German Retail Sales m/m.The US will release the economic data too such as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, Personal Income m/m, Personal Spending m/m, Core PCE Price Index m/m, so amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.1273.

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/82204

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 10:19am On Oct 04, 2016
Technical analysis of USDX for October 4, 2016

The Dollar index has broken short-term resistance levels and is testing horizontal resistance where a previous double top rejection occurred. Short-term trend is bullish with increased chances of making medium-term trend bullish again as we are heading towards 96.50 resistance.

Red line - resistance

Black line - horizontal resistance

Blue line -support


The Dollar index is above the 4-hour Ichimoku cloud and is breaking above and out of the triangle pattern. Next resistance is at the previous highs at 96.50. A clear break above that level will open the way for a push towards 97.50. Support is found at 95.70. The next one is at 95.


Green line - important medium-term support The Dollar index is holding above the green trend line support and is now testing the Ichimoku cloud resistance at 96.50. A break above it will be a bullish sign. Bulls will need to defend the green trend line support no matter what. Otherwise a huge wave of sellers will come. A break out above the weekly cloud will open the way for new highs.

Read more: https://www.instaforex.com/forex_analysis/82345

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 10:20am On Oct 05, 2016
Technical Analysis of Silver for October 05, 2016.

Technical outlook and chart setups:

Silver has broken below the consolidation structure around $18.60 levels and is still expected to continue decline to $16.00 level at least. The wave structure also indicates that the metal is in its C wave correction within the 3 wave A-B-C drop that began from $21.10 levels earlier. Please note that the metal may produce intraday rallies towards $18.20/30 levels which should be considered as opportunities to sell again. The metal looks to be in its 3rd wave within 5 waves into the C wave as depicted here, hence expect lower levels. It is recommended to remain short for now and look to add further at higher levels. Immediate resistance is seen at $20.10 levels, while support lies at $17.00 levels.

Trading recommendations:

Remain short for now, stop above $20.05, target is open.

Good luck!

Read more: https://www.instaforex.com/forex_analysis/82391

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 9:31am On Oct 06, 2016
Technical analysis of USD/JPY for Oct 06, 2016


In Asia, today Japan will not release any economic data. However, the US will release a series of economic reports such as Natural Gas Storage, Unemployment Claims, and Challenger Job Cuts y/y. So there is a probability the USD/JPY pair will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Resistance. 3: 103.98.

Resistance. 2: 103.78.

Resistance 1: 103.57.

Support 1: 103.32.

Support 2: 103.12.

Support 3: 102.92.

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/82451

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 11:10am On Oct 07, 2016
Daily analysis of GBP/USD for October 07, 2016

The pair posted a new multi-year low during Thursday's session and now we can expect a breakout below the 1.2603 level, as GBP continues to show weakness. If we see a breakout lower below the 1.2603 level, then the pair may decline towards the 1.2552 price zone. MACD indicator still supports the bearish scenario.


H1 chart's resistance levels: 1.2650 / 1.2717

H1 chart's support levels: 1.2603 / 1.2552

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.2603, take profit lies at 1.2552 and stop loss is at 1.2656.

Read more: https://www.instaforex.com/forex_analysis/82505

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 10:41am On Oct 10, 2016
Daily analysis of USDX for October 10, 2016

USDX erased some gains during Friday's session following the weak US NFP data for September. Now the index is poised to test the support level of 96.27, where a rebound should put the USDX in focus to resume the overall bullish bias. However, if it manages to break the 96.27 level, then it can test the next area at the 95.79 level, which is below the 200 SMA on the H1 chart.

H1 chart's resistance levels: 96.74 / 97.36

H1 chart's support levels: 96.27 / 95.79

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 96.74, take profit is at 97.36 and stop loss is at 96.15.

Read more: https://www.instaforex.com/forex_analysis/82577

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 9:59am On Oct 11, 2016
EUR/USD profit target reached again, prepare to buy

Price reached our profit target for the fourth time in a row. We now look to buy above 1.1130 major support (Fibonacci projection, Fibonacci retracement) for a push up to 1.1205 target.

Stochastics (21,3,3) is above 6% support where multiple bounces have occurred previously.

Buy above 1.1130. Stop loss at 1.1100. Take profit at 1.1205

Read more: https://www.instaforex.com/forex_analysis/82653

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 9:25am On Oct 12, 2016
Technical analysis of USD/JPY for Oct 12, 2016


In Asia, Japan will release the Prelim Machine Tool Orders y/y, 30-y Bond Auction, Core Machinery Orders m/m. The US will also reveal some economic data such as FOMC Meeting Minutes, 10-y Bond Auction, JOLTS Job Openings. So there is a probability the USD/JPY will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Resistance. 3: 104.06.

Resistance. 2: 103.86.

Resistance. 1: 103.65.

Support. 1: 103.41.

Support. 2: 103.20.

Support. 3: 103.00.

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 advisor if you have any doubts.

Read more: https://www.instaforex.com/forex_analysis/82707

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 10:34am On Oct 13, 2016
Daily analysis of GBP/USD for October 13, 2016

The pair is still alive in the bearish bias on the H1 chart, but the resistance level of 1.2229 is capping further gains. Currently, the price is below the 200 SMA and a breakout below the support level of 1.2179 can put more downside pressure on the pair and push it towards the 1.2112 level which is the latest key area after "flash crash" suffered during the last week.

H1 chart's resistance levels: 1.2229 / 1.2312

H1 chart's support levels: 1.2179 / 1.2112

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.2179, take profit is at 1.2112 and stop loss is at 1.2239.

Read more: https://www.instaforex.com/forex_analysis/82757

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 9:59am On Oct 14, 2016
EUR/USD Technical Analysis for October 14, 2016.

Technical outlook and chart setups:

The EUR/USD pair has finally pulled back sharply after printing fresh lows at 1.0985 levels yesterday. This could be the beginning of much awaited counter trend rally. The pair has pulled back since then and is trading at 1.1025 level now, after printing intraday highs at 1.1059 levels. Importantly, the daily chart patterns and oscillators were showing extreme bullish divergence and prices reacted accordingly. Looking at the wave structure, the pair looks to be preparing for yet another run towards 1.1085 and 1.1120 levels. The pair is expected to face resistance around 1.1107/40 levels. It is hence recommended to remain long, with risk at 1.0960 levels. Immediate resistance is seen at 1.1107 levels while support lies at 1.0950 levels.

Trading recommendations: Remain long, stop at 1.0960, target is open.

Good luck!

Read more: https://www.instaforex.com/forex_analysis/82859

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 11:49am On Oct 17, 2016
Daily analysis of USDX for October 17, 2016

The US dollar index is still riding a bullish trend across the board, consolidating gains above the 200 SMA. Eventually we may expect another rally attempt towards the 98.53 level. However, the first day of the week should be key for the trend development, as we're seeing a kind of pattern that should deliver strong movements in coming days and one cannot discard a pullback towards the 97.00 level.

H1 chart's resistance levels: 98.53 / 99.21

H1 chart's support levels: 98.01 / 97.71

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 98.53, take profit is at 99.21 and stop loss is at 97.85.

Read more: https://www.instaforex.com/forex_analysis/82905

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 11:06am On Oct 18, 2016
Technical analysis of silver for October 18, 2016.

Technical outlook and chart setups:

Silver had dropped to $17.30 levels on Friday before pulling back. The structure remains unchanged for now. The metal is seen to be trading at $17.57 levels, looking to stage a counter trend rally towards $18.50/19.00 levels. Silver has just resumed pushing higher, a break above $17.70 levels should accelerate the movement. Please note that it is quite possible that the metal may resume its long term rally from here, since it has bounced from a multi-month trend line support. The wave structure also indicates that the metal is expected to produce a counter trend rally towards $18.50 levels at least. If the metal reverses from $18.50/19.00 levels, then it will form base around $16.50/60 levels which is also the Fibonacci 0.618 support of the entire rally between $13.70 and $21.10 levels (not shown here). It is recommended to remain flat for now and look for opportunities to sell again on rallies. Aggressive traders should remain long with risk at $17.00 levels. Immediate resistance is seen at $18.50/19.00 levels, while support lies at $17.00 levels.

Trading recommendations:

Remain flat for now. Aggressive traders hould remain long with stop at $17.00 and targeting $18.50 at least.

Good luck!

Read more: https://www.instaforex.com/forex_analysis/82977

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 10:41am On Oct 19, 2016
Technical analysis of EUR/JPY for October 19, 2016

General overview for 19/10/2016:

The weekly pivot has been tested and rejected, so the market has moved towards the 61%Fibo at the level of 113.67. This wave development does not look too much impulsive so far as there is too many overlapping sub-waves.This means that the corrective structure on higher time frames might continue to evolve into a more complex and time-consuming pattern. The near-term bias is downward as there are still uncompleted wave structures.

Support/Resistance:

116.49 - WR2

115.43 - WR1

114.62 - Weekly Pivot

114.00 - Intraday Resistance

113.67 - Intraday Support

113.46 - WS1

112.74 - WS2

Trading recommendations:

As long as the golden trend line is not clearly violated, day traders should consider opening sell orders as close as possible to the intraday resistance at the level of 115.15. TP level is open for now, but if the level of 114.00 is broken then the next support is seen at the level of 113.67 (61% Fibo).

Read more: https://www.instaforex.com/forex_analysis/83065

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 10:56am On Oct 20, 2016
Technical analysis of USD/CHF for October 20, 2016

Overview:

The USD/CHF pair has broken resistance at the level of 0.9874, which acts as support now. So, the pair has already formed minor support at 0.9874. The strong support is seen at the level of 0.9844 because it represents the weekly pivot. In the H1 time frame, the RSI and the moving average (100) are still pointing to the upside. Therefore, the market indicates a bullish opportunity at the level of 0.9874. Buy above the minor support of 0.9874 with a target at 0.9913 (this price is coinciding with the double top). If the pair succeeds in passing through the level of 0.9913, the market will indicate the bullish opportunity above the level of 0.9962 in order to reach the second target at 0.9937. However, the price spot of 0.9937 - 0.9960 remains a significant resistance zone. Thus, the trend will probably be rebounded again from the price of 0.9960 as long as it is not breached. On the other hand, if the pair closes below the minor support (0.9874), the price will fall into the bearish market in order to go further towards the strong support at 0.9874. According to the previous events, we expect the USD/CHF pair to trade between 0.9874 and 0.9960.

Read more: https://www.instaforex.com/forex_analysis/83157

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 11:34am On Oct 21, 2016
Technical analysis of Gold for October 21, 2016

Gold price is making a pullback towards the breakout area of $1,262. Price remains inside the neutral cloud area but I believe support will hold and Gold price will continue its bounce and make short-term higher highs and higher lows.



Red line - support (previous resistance)

Gold price is inside the Ichimoku cloud. Trend is neutral. Price is now testing the broken resistance. Price is also very close to exit above the Ichimoku cloud. This will be a bullish sign. Gold could be at the beginning of a new uptrend with higher highs and higher lows. Therefore a new higher high above $1,273 will be a bullish sign that could push price towards $1,300.

On the daily chart, we observe that price has tested the daily tenkan-sen (red line indicator) and if this support holds, we will have many chances of reaching our short-term target near $1,290 where the daily Kijun-sen (yellow line indicator) is found. Oscillators are turning upwards from oversold levels and this is a warning for bears that an upward move could already have started.

Read more: https://www.instaforex.com/forex_analysis/83199

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 11:11am On Oct 24, 2016
Daily analysis of GBP/USD for October 24, 2016


GBP/USD finished the last week within a negative tone as the pair managed to consolidate below the 200 SMA on H1 chart. On Friday, we saw an attempt to break below the 1.2229 level, but the Cable is struggling to consolidate below that zone. Currently, our targets remain bearish and next key support is located at the 1.2155 level.

H1 chart's resistance levels: 1.2312 / 1.2427

H1 chart's support levels: 1.2229 / 1.2155

Trading recommendations for today: Based on the H1 chart, sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.2229, take profit is at 1.2155 and stop loss is at 1.2301.

Read more: https://www.instaforex.com/forex_analysis/83243

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 10:30am On Oct 25, 2016
Technical Analysis of Silver for October 25, 2016.

Technical outlook and chart setups:

Silver also pushed higher towards $17.88 levels yesterday before pulling back sharply. The metal seems to have formed interim lows at $17.51 levels and it should be looking to rally towards higher levels ($18.30). As an alternate though, if prices drop below $17.30 level, the metal would be heading towards printing lower lows from here. The wave structure indicates that the metal should produce a counter trend rally this week and terminate around $18.50 level. A turn lower from there would push prices lower towards $16.50 level before resuming a rally, which is the fibonacci 0.618 support of an earlier rally between $13.60 and $21.10 levels respectively. It is recommended to remain flat for now and look for opportunities to short again on rallies; aggressive traders please remain long with risk at $17.00 level. Immediate resistance is seen at $18.50/19.00 levels, while support is at $17.00 level respectively.

Trading recommendations:

Aggressive traders may remain long, with stop at $17.00 and targeting $18.50 at least. Conservative trade setup would be to go short on rallies towards $18.50 level.

Good luck!

Read more: https://www.instaforex.com/forex_analysis/83321

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 3:48pm On Oct 26, 2016
Technical analysis of EUR/USD for Oct 26, 2016

When the European market opens, some Economic Data will be released, such as Italian Retail Sales m/m, German Import Prices m/m, GfK German Consumer Climate. The US will release the economic data, too, such as Crude Oil Inventories, New Home Sales, Flash Services PMI, Prelim Wholesale Inventories m/m, Goods Trade Balance, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.0939.

Strong Resistance: 1.0933.

Original Resistance: 1.0922.

Inner Sell Area: 1.0911.

Target Inner Area: 1.0886.

Inner Buy Area: 1.0861.

Original Support: 1.0850.

Strong Support: 1.0839.

Breakout SELL Level: 1.0833.

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/83383

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 2:53pm On Oct 27, 2016
Technical analysis of CAD/CHF for October 27, 2016


CAD/CHF found the top at 0.7600 and started to decline sharply. The pair broke below both 200- and 50-Moving Averages, while at the same time breaking below the uptrend trend line.

It this setup a trend appears to become bearish, so price is likely to continue moving lower. Consider selling CAD/CHF while price is near 50% Fibs (0.7432) applied to the trend line breakout point. The first target is 38.2% (0.7390) while the second target is 23.6% Fibs (0.7340). The suggested stop loss is 0.7460.

Support: 0.7360, 0.7340

Resistance: 0.7432, 0.7474


Read more: https://www.instaforex.com/forex_analysis/83457

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 11:09am On Oct 28, 2016
Daily analysis of USDX for October 28, 2016

USDX held a bullish tone during Thursday and it's trying to reach the resistance zone of 99.19 across the board. If the index does a breakout over there, then it's expected to rally towards the 99.70 level, opening the doors to visit the key zone of 100.00. However, if USDX manages to consolidate below the 200 SMA, it can reach the 98.00 psychological level.

H1 chart's resistance levels: 99.19 / 99.70

H1 chart's support levels: 98.53 / 98.01

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 99.19, take profit is at 99.70 and stop loss is at 98.68.

Read more: https://www.instaforex.com/forex_analysis/83509

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 10:41am On Oct 31, 2016
Technical analysis of gold for October 31, 2016

Gold price remains in an uptrend as price made a higher high and higher low. Price has reached the lower target of $1,280 on Friday. I'm bullish since $1,250 is calling for a strong bounce towards $1,280-$1,300. A major low could still be in but we can't confirm that yet.

Blue line - support

Price is trading above the Ichimoku cloud on the 4-hour chart. Support is at $1,260. Resistance remains at $1,310-$1,320. Shorter-term resistance is at $1,290.

Gold price continues to trade above the daily tenkan-sen (red line indicator) support and is heading towards my short-term target at the daily kijun-sen resistance (yellow line indicator). I remain longer-term bullish. A push towards $1,200-$1,170 will be a gift for bulls, however I'm not so sure it can be achieved.

Read more: https://www.instaforex.com/forex_analysis/83587

Re: News And Technical Analysis From Instaforex by KingsleyTMTTM(m): 6:59pm On Nov 03, 2016
pls giude me in signin up, it's urgent @Instaforexbuk
Re: News And Technical Analysis From Instaforex by Bolutumiii(m): 7:32pm On Nov 03, 2016
@instaforexbuk, I just finished d school at Babypips, but I feel that's not enough, can you please help me with where I can Further my Forex Training. Thanks.
Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 12:42pm On Nov 07, 2016
Technical analysis of USD/CAD for November 7, 2016

General overview for 07/11/2016:

The current wave development suggests a more complex and time-consuming structure unfolding currently on this pair. The Elliott wave count has been updated and now it indicates an uncompleted structure to the upside, labeled as the blue wave c. On the other hand, the structure in wave b may not have been completed yet and if the demand zone is clearly violated, the market might extend fall towards the level of 1.3000.

Support/Resistance:

1.3503 - WR2

1.3465 - Intraday Resistance

1.3433 - WR1

1.3392 - Weekly Pivot

1.3353 - Intraday Support

1.3319 - WS1

1.3280 - WS2

Trading recommendations:

The current market structure is not clear enough to justify trading. Day traders should refrain from placing orders and wait for another trading setup to occur shortly.

Read more: https://www.instaforex.com/forex_analysis/83901

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 3:20pm On Nov 07, 2016
KingsleyTMTTM:
pls giude me in signin up, it's urgent @Instaforexbuk

@KingsleyTMTTM Sorry for the late reply, If you want to register on our platform can do that on our site :https://www.instaforex.com/open_live_account
Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 3:31pm On Nov 07, 2016
Bolutumiii:
@instaforexbuk, I just finished d school at Babypips, but I feel that's not enough, can you please help me with where I can Further my Forex Training. Thanks.

@Bolutumiii you can further your Forex training with us, Instaforex company also offer Forex Training course and we have Forex trainer that will assist you but I hope you have a trading account with Instaforex? if yes then you are good to go just login with your Instaforex account details this is the link:https://www.instaforex.com/distance_training_program. But note that you have to deposit at least $100 to your account that is, if you don't have such amount already in your Instaforex account and serves as a commitment fee it will not be deducted your $100 will be intact in your account. After your Forex training you can then use your money, I mean the $100 to trade.
Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 10:35am On Nov 08, 2016
Elliott wave analysis of EUR/JPY for November 8, 2016

Wave summary:

We continue to look for a firm test of important resistance at 116.28 and only a break above here will indicate upside acceleration towards 118.47 and 122.00. Until the break above resistance at 116.28 is seen, we must accept more sideways trading just below this short-term important level. We even face the risk of the correction from 115.68 turning into an expanded flat. This is not our preferred outlook, but can be ruled out entirely at this point of time.

Trading recommendation:

We are long EUR from 114.75 with stop placed at 113.95. If you are not long EUR yet, then buy near 114.60 or upon a break above 116.28 and use the same stop at 113.95.

Read more: https://www.instaforex.com/forex_analysis/83949

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 11:12am On Nov 09, 2016
[bGlobal macro overview for 09/11/2016 ][/b]

There is plenty of evidence that the 45th president of the United Stated will be Donald Trump, who secured his White House seat when he won over 270 votes in the general election this night. In his short speech in New York, after the majority of the polls closed, he promised to embark on a project of national growth and renewal, put millions of people to work rebuilding infrastructure, get along with all nations willing to get along with US and to seek common ground not hostility, partnership, not conflict. As we all remember he has made some serious threats and promises during his campaign, so we will have to wait and see if he carries those through.

Let's now take a look at the US Dollar Index technical picture at the daily time frame. The market has dipped to the level of 95.89 so far, but even this level can be still labeled as a higher low in the sequence of the overall lows. The next thing that bulls have to do in order to rally higher is to clearly break out above the technical resistance at the level of 98.12 and then 99.12. Otherwise, the price might get stuck in the horizontal congestion zone again.

Read more: https://www.instaforex.com/forex_analysis/84019

Re: News And Technical Analysis From Instaforex by Instaforexbuk(f): 10:17am On Nov 10, 2016
Technical analysis of AUD/USD for 10th November 2016

Price is approaching a major resistance level at 0.7693 (Fibonacci projection, Fibonacci retracement, horizontal overlap resistance) where we expect a reaction from and a drop towards 0.7582.

RSI (34) is approaching pullback resistance too.

Sell below 0.7693. Stop loss at 0.7736. Take profit at 0.7582.

Read more: https://www.instaforex.com/forex_analysis/84063

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