₦airaland Forum

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/

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.

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.

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/

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/

Change in trading hours on 7th of September

InstaForex informs the clients that trading hours on 7th of September 2015 will be changed due to US national holiday – Labor Day.

Thus, trading on spot and futures instruments on precious metals and energetics will be closed at 20:00 terminal time.

Also the trading on stock CFDs, Futures Agro instruments, Futures Goods, #SPX, #INDU and #COMPQ indexes will not be available.

Trading session will continue operating in a regular mode on Tuesday, September 8.

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/

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 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/

Ucheoman:
do instafx allow hedging?
how many open order ar allowed in pair?

Dear Ucheoman,

Yes Instaforex allows hedging, which serves a result of protecting of client's funds from unfavorable currency rate fluctuations. Account funds are fixed at their current price through conducting trades on Forex. Thus, hedging helps to ease exposure to currency rate change risks, which helps to achieve result not influenced by fluctuations.

Read more: https://www.instaforex.com/forex_hedging.php

As for the open order, There is really no limit as you can actuall open as many as you wish considering the fact that they can be managed and monitored accurately. But to be on a saver side, I will advice you to open the once that you think you can monitor and as well manage effectively.

For further details, kindly visit us @ www.instaforex.com

If you have any further questions, please do not hesitate to send me a message here.

Thank you.

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 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/

Results of four InstaForex contests summed up

The winners of four InstaForex contests are determined. This time, we will name the victors of the following competitions: One Million Option, InstaForex Sniper, Lucky Trader, and FX-1 Rally. InstaForex congratulates the winners on their amazing results and wishes other contestants to see their names in the next review.

[url]One Million Option[/url]
One Million Option being one of the most well-liked contests gathers multiple participants who fight hard for the title of the best option trader. The most outstanding result was shown by Sergey Shevchenko. The next stage will take place from August 31, 2015 (GMT+3) to September 4, 2015 (GMT+3).

[url]InstaForex Sniper[/url]
The fastest traders with the sharpest eye compete in the InstaForex Sniper contest. By the results of the latest stage, Dzero Constantin Sergiu has become the best marksman. The next step will be held from August 31, 2015 (GMT+3) to September 4, 2015 (GMT+3).

Lucky Trader
Confidence, prudence, and orientation towards success are the key of achieving excellent result in two-week marathon Lucky Trader. If you manage to trade perfectly for two weeks, just like Anatoliy Trubitsin did, you will also have a chance to become the victor. The next stage will start on September 7, 2015 (GMT+3) and end on September 18, 2015 (GMT+3).

[url]FX-1 Rally[/url]
Aleksandr Patrushev managed to complete another stage of the FX-1 Rally contest with the best result showing all his trading and racing skills. We congratulate the winner and wish him to confirm this success in next contest steps. If you want to feel the breathtaking spirit of the fight for leadership, welcome to the next stage that will kick off at 00:00 September 4, 2015 (GMT+3) and finish at 23:59 September 4, 2015 (GMT+3).

[url]Learn more about the contests[/url]
[url]Photos and comments of the finalists[/url]

Technical analysis of EUR/USD for August 28, 2015

Overview:

The EUR/USD pair is expected to form strong resistance at the level of 1.1364. So, according to the previous events, the pair is still moving between the levels of 1.1364 and 1.1140. The major support was found at the level of 1.1098, and the double bottom is seen at the level of 1.1098 in the H1 chart. As it is known, historic rates should be used to determine the further direction. Consequently, it will be of the discernment to use historic rates to determine future prices. Therefore, sell below the level of 1.1364 with the first target at 1.1263 in order to test the weekly pivot point. Moreover, if the trend manages to break the level of 1.1263, thus, it might resume to 1.1137 and then 1.1098. On the other hand, the stop loss should always be taken into account, hence it will be wisdom to set your stop loss at the 1.1385 price.

Warning:

Please check out the market volatility before investing, because the sight price may have already been reached and scenarios might have become invalidated.

Read more: https://www.instaforex.com/forex_analysis/65174/

Technical analysis of EUR/USD for August 27, 2015

When the European market opens, some economic news on Private Loans y/y, M3 Money Supply y/y, and German Import Prices m/m is due to be released. The US will unveil economic data on the Natural Gas Storage, Pending Home Sales m/m, Prelim GDP Price Index q/q, Unemployment Claims, and Prelim GDP q/q. So amid the reports, EUR/USD will move low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1395.

Strong Resistance:1.1388.

Original Resistance: 1.1377.

Inner Sell Area: 1.1366.

Target Inner Area: 1.1339.

Inner Buy Area: 1.1312.

Original Support: 1.1301.

Strong Support: 1.1290.

Breakout SELL Level: 1.1283.

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/65120/

Technical analysis of USD/JPY for August 26, 2015

In Asia, Japan will release the Core Durable Goods Orders m/m and the US will publish some economic data on Crude Oil Inventories, Durable Goods Orders m/m, and Core Durable Goods Orders m/m. So, there is a strong probability that the USD/JPY pair will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 119.63.

Resistance. 2: 119.40.

Resistance. 1: 119.17.

Support. 1: 118.88.

Support. 2: 118.64.

Support. 3: 118.41.

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/65072/

Technical analysis of USD/JPY for August 25, 2015

In Asia, Japan will lack any data in the economic calendar. The US will release some economic data such as Richmond Manufacturing Index, New Home Sales, CB Consumer Confidence, Flash Services PMI, S&P/CS Composite-20 HPI y/y, and HPI m/m. So there is a big probability the USD/JPY pair will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 122.08.

Resistance. 2: 121.48.

Resistance. 1: 120.84.

Support. 1: 120.08.

Support. 2: 119.47.

Support. 3: 118.85.

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/65007/

Technical analysis of EUR/USD for August 24, 2015

When the European and the US markets open, no reports are expected today in the economic calendar. So in this context, the EUR/USD pair will move with an unpredictable volatility during this trading day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1431.

Strong Resistance:1.1424.

Original Resistance: 1.1413.

Inner Sell Area: 1.1402.

Target Inner Area: 1.1375.

Inner Buy Area: 1.1348.

Original Support: 1.1337.

Strong Support: 1.1326.

Breakout SELL Level: 1.1319.

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/64959/

Silvani:
Hi,

I thought that this thread is a discussion thread, so why all this adversts about Instaforex promotions?

Anyway, my question is this:

Is this verification thing compulsary. Must I verify my account before making withdrawals from my account?

Waiting for a reply

Dear Silvani,

Verification of account is not compulsory but very essential in instaForex company to avoid scamming, to verify your account these tabulated information needed:

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, .bmp, .jpeg, .jpg and .gif. The size of the file must not exceed 2 MB.
12. Electronic bank statements and electronic utility bills are not accepted for verification.

And for more information about the account verification, please kindly visit this link:https://www.instaforex.com/verification.php

And if you have any further question please do not hesitate to send me a message here.

Thank you.

Technical analysis of AUD/USD for August 21, 2015

Overview:

In the long term, the price of the AUD/USD pair has still been trapped between 0.7438 and 0.7215. But in the short term, the pair is moving in a tiny range between 0.7391 and 0.7268. Therefore, the first step is to wait for a period of a tight sideways market before breakouts. Then, probably, the market is going to start showing bullish signs. In other words, it will be a good sign to buy above 0.7216 - 0.7268 with the first target at 0.7390 and the price will climb towards 0.7412 in order to test the second resistance. Besides, it should be noted that a double top sets at the 0.7438 level which coincides with the ratio of 100% Fibonacci retracement levels. However, if the pair fails to break 0.7438, the market will indicate a bearish opportunity below 0.7438. Then the level will really act as strong resistance, it will be a good idea to sell below 0.7438 (the double top) with the first target at 0.7300 and it will call for a downtrend in order to continue a bearish movement towards 0.7266.

Intraday technical levels:

Projected high: 0.7438

Breakout (buy stop): 0.7391

Current pivot: 0.7336

Breakout (sell stop): 0.7268

Projected low: 0.7216

Read more: https://www.instaforex.com/forex_analysis/64895/

Technical analysis of EUR/USD for August 20, 2015

When the European market opens, some economic news will be released such as Spanish 10-y Bond Auction and German PPI m/m. The US will release the economic data too such as the Natural Gas Storage, CB Leading Index m/m, Existing Home Sales, 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: 1.1172.

Strong Resistance:1.1166.

Original Resistance: 1.1155.

Inner Sell Area: 1.1144.

Target Inner Area: 1.1118.

Inner Buy Area: 1.1092.

Original Support: 1.1081.

Strong Support: 1.1070.

Breakout SELL Level: 1.1064.

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/64852/

Technical analysis of USD/JPY for August 19, 2015

In Asia, Japan will release indices of all industries activity m/m and Trade Balance report. The US will also release some important reports such as FOMC Meeting Minutes, Crude Oil Inventories, Core CPI m/m, and CPI m/m. So there is a big probability the USD/JPY pair will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 124.96.

Resistance. 2: 124.72.

Resistance. 1: 124.47.

Support. 1: 124.18.

Support. 2: 123.93.

Support. 3: 123.69.

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/64780/

Technical analysis of EUR/JPY for August 18, 2015

Technical outlook and chart setups:

The EUR/JPY pair is correcting lower and is seen to be testing its 50 DMA around 137.50 levels for now. Please note that the cone consolidation resistance turned support is around 137.00 levels and the pair could bounce back higher if prices manage to reach there. Extension levels are seen at 139.40 and 140.50 levels respectively. It is recommended to initiate long positions around 137.00 levels with risk below 136.00 levels for now. Immediate support is seen at 137.00 levels, followed by 136.50/60, 135.50, 134.00 and lower while resistance is seen at 140.50 and higher respectively.

Trading recommendations:

Remain flat for now, look to enter long around 137.00 levels.

Good luck!

Read more: https://www.instaforex.com/forex_analysis/64730/

Technical analysis of USD/CHF for August 14, 2015

USD/CHF is expected to trade in a lower range. The intraday technical outlook has changed a little. Even though the pair recently posted a technical rebound, the intraday outlook is still negative. A bearish cross has been identified between the 20- and 50-period MAs, and the intraday RSI is heading downwards. Hence, as long as 0.9800 holds as the key resistance, the pair stands a higher chance of returning to the first downside target at 0.9715 and to the second one at 0.9660 in extension.

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 0.9715. A break of that target will move the pair further downwards to 0.9660. The pivot point stands at 0.98. 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 0.9860 and the second target at 0.9940.

Resistance levels: 0.9860 0.9940 0.9995

Support levels: 0.9715 0.9660 0.9635

Read more: https://www.instaforex.com/forex_analysis/64651/

Technical analysis of USD/CAD for August 14, 2015

Overview:

The USD/CAD pair has rebounded from minor support at 1.2975 which coincides with the ratio of 78.6% Fibonacci retracement levels. So, it will probably start upside movement at this area and recover again. Generally, it should be noted that the price formed strong support at the level of 1.2975/1.3001. Furthermore, this strong level has still been moving between 78.6% of Fibonacci retracement levels and 100% (1.3212) on the H4 chart. Hence, it is probably that the market will start showing the signs of a bull market again in order to indicate a bullish opportunity from the level of 1.3010 with the first target at 1.3085 (the first resistance), then the USD/CAD pair will continue straightly towards the major resistance at 1.3212 in order to test the double top. The level of 1.3212 is going to represent the weekly resistance. Therefore, it will be very gainful to take profit around this area on August 14, 2015. On the other hand, you should always choose a good location for placing stop loss, thus you should set stop loss at the 1.2966 level today.

Intraday technical levels:

Date: 14/08/2015

Pair: USD/CAD

Projected high: 1.3112

Strong resistance (sell limit): 1.3095

Current pivot: 1.3038

Strong support (buy limit):1.2980

Breakout (sell stop): 1.2966

Projected low: 1.2794

Read more: https://www.instaforex.com/forex_analysis/64610/

​InstaForex summit for partners in Kuala Lumpur ends

On July 23-24, 2015 InstaForex seminar for partners was held in the capital of Malaysia Kuala Lumpur.
For two days of the conference, the company's executives and partners discussed important strategic questions, the company's development prospects, and possible improvements of work with clients.

The guests were pleasantly surprised by the presence of Liverpool FC legend Robbie Fowler who shared his achievements and secrets of success with the audience.

After the official part of the summit, the conference participants had a chance to meet the current players of Liverpool FC and visited the club's game with the Malaysian team that ended the Asian summer tour of the UK football club.

Of course, there were nice presents. According to the results of affiliate activities for the previous year, four the most successful partners were determined. They watched the match from the VIP section. Besides, InstaForex organized a fan zone that generated real excitement among the audience. More than 200 football fans participated in the penalty contest. For every goal, a scorer was rewarded with 10, 15 or 20 US dollars to their bonus trading account.

InstaForex thanks every partner who participated in the seminar in Kuala Lumpur.

You can see [url]here[/url] how the event was unfolding.

Technical analysis of EUR/USD for August 13, 2015

When the European market opens, some economic news will be released such as ECB Monetary Policy Meeting Accounts, French CPI m/m, and German Final CPI m/m. The US will release a series of macroeconomic reports such as the 30-y Bond Auction, Natural Gas Storage, Business Inventories m/m, Import Prices m/m, Unemployment Claims, Retail Sales m/m, and Core Retail Sales m/m. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1207.

Strong Resistance:1.1201.

Original Resistance: 1.1190.

Inner Sell Area: 1.1179.

Target Inner Area: 1.1153.

Inner Buy Area: 1.1127.

Original Support: 1.1116.

Strong Support: 1.1105.

Breakout SELL Level: 1.1099.

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/64551/

Technical analysis of EUR/USD for August 12, 2015

When the European market opens, some economic news will be released such as German 10-y Bond Auction, Industrial Production m/m, and Italian Trade Balance. The US will release the economic data too such as the Federal Budget Balance, 10-y Bond Auction, Crude Oil Inventories, and JOLTS Job Openings. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1095.

Strong Resistance:1.1089.

Original Resistance: 1.1078.

Inner Sell Area: 1.1067.

Target Inner Area: 1.1042.

Inner Buy Area: 1.1017.

Original Support: 1.1006.

Strong Support: 1.0995.

Breakout SELL Level: 1.0989.

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/64501

Technical analysis of EUR/USD for August 11, 2015

When the European market opens, some economic news will be released such as ZEW Economic Sentiment, German ZEW Economic Sentiment, and German WPI m/m. The US will release a series of economic data too such as the Wholesale Inventories m/m, Mortgage Delinquencies, Prelim Unit Labor Costs q/q, Prelim Non farm Productivity q/q, and NFIB Small Business Index. Therefore, amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1069.

Strong Resistance:1.1063.

Original Resistance: 1.1052.

Inner Sell Area: 1.1041.

Target Inner Area: 1.1016.

Inner Buy Area: 1.0991.

Original Support: 1.0980.

Strong Support: 1.0969.

Breakout SELL Level: 1.0983.

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/64430/

Technical analysis of EUR/JPY for August 10, 2015

Technical outlook and chart setups: The EUR/JPY pair is seen to be trading around 136.25/30 levels at the moment, looking to push above 137.00/50 levels. The pair had earlier bounced off the cone consolidation support around 135.00 levels, hence bulls are expected to remain in control till prices stay above that level. It is still recommended to remain long with risk at 135.00 levels. Immediate support is seen at 135.00 levels, followed by 134.00, 133.00 and lower while resistance is seen at 137.00/50 levels, followed by 138.00/139.00, 140.00 and higher respectively.

Trading recommendations:

Remain long, stop below 135.00, a target is open.

Good luck!

Read more: https://www.instaforex.com/forex_analysis/64343/

Daily analysis of GBP/USD for August 06, 2015

GBP/USD is still trading higher above the 200 SMA on the daily chart, finding strong dynamic support over there. That is why the upside is still a feasible option for this pair, at least in the mid-term. Also, bear in mind the overall structure remains bullish, but the resistance zone of 1.5640 is still rather strong. The MACD indicator is turning towards the neutral territory.

On the H1 chart, the pair is forming a bullish pattern above the 200 SMA and it is now looking to break the resistance level of 1.5633 again in order to test the zone around 1.5671. Anyway, a breakout above it will expose bulls strengthening in the short and mid-term, which could push the price higher to the key zone around 1.5750.

Daily chart's resistance levels: 1.5640 / 1.5777

Daily chart's support levels: 1.5543 / 1.5450

H1 chart's resistance levels: 1.5633 / 1.5671

H1 chart's support levels: 1.5587 / 1.5562

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.5633, take profit is at 1.5671, and stop loss is at 1.5594.

Read more: https://www.instaforex.com/forex_analysis/64212/