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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

[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

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

Market volatility due to US presidential election

Dear clients!

Due to the upcoming presidential election in the United States, currency and stock markets may experience high volatility and low liquidity during the week. Please take this fact into account when developing your trading strategy. Besides, we inform you that maximum leverage for all account types could be lowered to 1:200.

These restrictions could be valid from November 8th till November 11th, 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.

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

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

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

Best ECN Broker in Asia by International Finance Awards

In October 2016, our company put another trophy on its wall of recognition. The International Finance Magazine, the high-ranked British online media, awarded InstaForex the Best ECN Broker in Asia.

Remarkably, it is the fourth time when our company received this prestigious award. Let us remind that in 2009 our company was recognized as the best broker in Asia for the first time, and seven years after that we are still holding the leading position in the financial services market expanding our activity on trading floors in the Asia-Pacific region.

We are still a reliable partner for our clients in Asia, and another award by IFA has proved that InstaForex is the number one broker in this region – the broker chosen by millions of traders.

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

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

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

Сhange in market opening time on October, 31

Dear clients,

Please be informed that on October, 31, 2016, the trading session will be opened 1 hour later, at 01:00 UTC+3.

This change is pertaining to Europe's transition to winter time, while the United States is supposed to switch to it one week later.

Starting from November 7, 2016, after the trading server is switched to winter time, the trading week will begin as usual, at 00:00 on Monday.

Please take this fact into account and make changes to your trading strategies if necessary.

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

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

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.

https://forex-images.instaforex.com/userfiles/20161021/analytics5809bdb15b3de.jpg

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

New contest – Beat the Legend

InstaForex is glad to announce the start of a unique contest – Beat the Legend. The contest is held in cooperation with the legendary Liverpool FC and the club's star of 20th and 21th centuries – Jason McAteer.
What's unique in this contest is its blend of trading and football. A special binary option will be the contest's trading instrument. This option will be based on InstaForex forecasts of the Liverpool FC results in the Premier League matches. If traders believe that Liverpool FC will play better than forecasted, they open a call option; and if worse, a put option. By the contest results, winners will get valuable prizes such as VIP tickets for the Liverpool FC games, merchandises with the Reds' logo, and trading bonuses from InstaForex.

Besides, Jason McAteer himself will participate in the contest! He will give his own analytics of every game.

The contest will kick off on October 20, 2016 and end in late May 2017. However, intermediate prizes will be given throughout the whole season. To take part in the contest and to find out its rules, go to this page!

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

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

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

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

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

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

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

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

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

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

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

The administration of the Miss Insta Asia beauty contest announces the start of a new season – Miss Insta Asia 2017!

Every season, registration starts on October 1 and ends on September 1 of the next year. The contest's prize pool makes up USD 45,000. Maybe it will be you who will share this sum with other finalists. All you need is fill in a registration form on this page, upload your photos and videos, tell about yourself, and see your likes increasing!

As usual, your success depends on InstaForex traders and visitors of the contest official website, who will vote for the ladies they like. Besides, Instagram users can also appreciate Miss Insta Asia contestants.

You can read more about the contest and voting rules of the Miss Insta Asia beauty contest here.

We are looking forward to your profiles and wish you luck!

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

Sub IB commission increased twofold!

Dear partners,

InstaForex is glad to announce a commission rise in the two-level Sub Introducing Broker program. The commission was raised by 100% to 0.2 pips of a client's trade of every sub-partner. This is one of the highest commissions in the market, according to a marketing research conducted by the company. Now partners can focus on referring both new clients and partners as commission from sub-partners' clients will bring in twice as many profits!