Thread: InstaForex Wave Analysis

EUR/JPY technical analysis for June 10, 2013



RECOMMENDATION:
Buy stop (pending order) at 129.76.
Take profit at 129.90.
Stop loss at 129.66.

More analysis - at instaforex.com

EUR/JPY technical analysis for June 11, 2013



RECOMMENDATION:
Sell stop (pending order) at 130.74.
Take profit at 130.60.
Stop loss at 130.84.

More analysis - at instaforex.com

EUR/JPY technical analysis for June 12, 2013




RECOMMENDATION:
Sell stop (pending order) at 128.24.
Take profit at 128.10.
Stop loss at 128.34.


More analysis - at instaforex.com

EUR/JPY technical analysis for June 13, 2013



RECOMMENDATION:
Sell stop (pending order) at 128.24.
Take profit at 128.10.
Stop loss at 128.34.

More analysis - at instaforex.com

EUR/JPY technical analysis for June 14, 2013



RECOMMENDATION:
SELL Stop (Pending Order) is at 126.24.
Take Profit is at 126.10.
Stop Loss is at 126.34.

More analysis - at instaforex.com

EUR/JPY technical analysis for June 17, 2013



With all the three Moving Average making a death cross pattern formation, the market is still in downtrend pressure. It seems the seller will get more advantage than the buyers as long as 126.25 is not breached, the downside pressure still continues.


RECOMMENDATION:
SELL Stop (Pending Order) at 125.99.
Take Profit at 125.85.
Stop Loss at 126.09.


More analysis - at instaforex.com

NZD/USD technical analysis for June 18, 2013




Overview:
NZD/USD movement will be continued straight from 0.7850 (in the H1 chart 23.6% of Fibonacci retracement levels). Therefore the kiwi is showing signs of strength, following the break of the highest level of 0.7860. So it will be a good sign to buy above the level of 23.6% of Fibonacci retracement levels in the H1 chart with the first target of 0.7960 and further to 0.8050 (it will act as a strong resistance for that it is going to be a good place to take profit, it also should be noted that this level of taking profit will coincide with 78% of Fibonacci. However, in case a reversal takes place and NZD/USD breaks through the support level of 0.7850/0.7860, the market will lead to further decline to 0.7710, indicating bearish mood. According to previous events, the price will be trapped between 0.8000 and 0.7920. Buy above 0.7860 with the first target of 0.7950, it might resume to 0.80 and then, to 0.8047. Below 0.8050 look for further downside with 0.7923 and 0.7860 targets. Also it should be noted that if there happens a break through 0.7850, the market will indicate bearish momentum towards 0.7710.

More analysis - at instaforex.com

Malaysian Ringgit Off Near 11-month Low Against U.S. Dollar



The Malaysian Ringgit wiped out its early losses against the U.S. dollar during Asian deals on Wednesday.


The Malaysian Ringgit that fell to near an 11-month low of 3.1690 against the greenback bounced off and is trading at Tuesday's close of 3.1560.


News are provided by InstaForex.

EUR/JPY technical analysis for June 19, 2013



Today this currency pair is in the uptrend. This is indicated by the moving average already making a Golden Cross pattern, but please remain careful because this night the US FOMC Statement is expected, please be prepared for the reversal movement during the news release.


RECOMMENDATION:
Buy stop (pending order) at 128.11. Take profit at 128.25. Stop loss at 128.01.


More analysis - at instaforex.com

EUR/JPY technical analysis for June 20, 2013



For today, EUR/JPY seems to have a little sign of weakness even though the situation is still in the uptrend, which is indicated by all the three Moving Averages still forming the Golden Cross pattern, but unfortunately this currency pair has already retraced and touched the Exponential Moving Average (100). We know this will be the sign of the weakness from the uptrend in this currency, so pay attention to any reversal movements to test their previous support.


RECOMMENDATION:
Buy stop (pending order) at 128.51. Take profit at 128.65. Stop loss at 128.41.

More analysis - at instaforex.com