Thread: InstaForex Wave Analysis

Daily analysis of GBP/USD for USDX 02, 2015





USDX is trying to make a rebound above the 200 SMA on H1 chart, and that could happen in the short-term because of the current fractal structure placed on this Index. A breakout above the 97.16 level will open the doors to the 97.51 price zone. In another scenario, bears could take control of the short-term bias when the USDX is making a lower low pattern below the 200 SMA this week. MACD indicator is on the positive territory.


H1 chart's resistance levels: 97.16 / 97.51
H1 chart's support levels: 96.71 / 96.40


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 97.16, take profit is at 97.51, and stop loss is at 96.81.


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Technical analysis of USD/JPY for November 03, 2015





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


TODAY TECHNICAL LEVELS:
Resistance. 3: 121.35.
Resistance. 2: 121.12.
Resistance. 1: 120.88.
Support. 1: 120.58.
Support. 2: 120.35.
Support. 3: 120.11.


More analysis - at instaforex.com

Apple, Google, Microsoft uphold efforts to ease climate change





Apple Inc., Google parent Alphabet Inc., and Microsoft Corp. are among the best companies doing their best to fight climate change. UK nonprofit CDP's 2015 Climate A List indicated the three US technology giants are among the 113 firms awarded an 'A' grade for their actions to ease heat-trapping emissions. The list was narrowed down to 1,997 companies worldwide that submitted data to the institution. The endeavors by Asahi Group Holdings Ltd. and Nedbank Group Ltd. reflected a growing trend by firms around the globe to bolster efforts to protect the environment. The CDP report added nine in 10 companies implement measures to cut greenhouse gases, up from less than half in 2010. We must act swiftly and boldly to contend with climate change, meaning change the way we manage business, holding ourselves responsible, and creating innovative solutions that drive a low-carbon economy,” said Hewlett Packard Enterprise Co. Chief Executive Meg Whitman. The United Nations has pressed companies to come up with a global deal to counter the effects of climate change at a meeting in Paris next month.


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Daily analysis of GBP/USD for November 04, 2015


GBP/USD made a rebound around the 200 SMA price zone on H1 chart. Now it's trying to break again the support level of 1.5415. It seems there is a bullish consolidation ongoing, because the current structure is still calling for more upsides. However, if the Cable does a breakout at the 1.5368 level, then it's expected to test the 1.5300 psychological level in the short term. MACD indicator is still on the positive territory.


H1 chart's resistance levels: 1.5461 / 1.5492
H1 chart's support levels: 1.5415 / 1.5368


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 1.5415, take profit is at 1.5368, and stop loss is at 1.5461.


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Daily analysis of GBP/USD for November 05, 2015





On H1 chart, there is still a calling downside for GBP/USD, as the pair is trying to break support zone of 1.5368 in an effort to reach the 1.5328 level, which is below the 200 SMA. However, a rebound is expected towards the 1.5415 level in coming hours. By the way, there is a double bottom pattern in formation on H1 chart. MACD indicator is still on the negative territory.


H1 chart's resistance levels: 1.5415 / 1.5461
H1 chart's support levels: 1.5368 / 1.5328
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 1.5368, take profit is at 1.5328, and stop loss is at 1.5409.


More analysis - at instaforex.com

Daily analysis of USDX for November 06, 2015





On H1 chart, we should note the USDX is waiting for the next US NFP release, which will be published during today's American session. That's why we're still expecting a breakout higher and we could see the US Dollar at higher levels next week. Bear in mind that the Index is trapped inside an extreme zone, so pullbacks shouldn't be discarded at this stage. MACD indicator is entering the negative territory.


H1 chart's resistance levels: 97.16 / 97.51
H1 chart's support levels: 96.71 / 96.40


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 98.03, take profit is at 98.31, and stop loss is at 97.76.


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Technical analysis of EUR/USD for November 09, 2015


When the European market opens, some economic news will be released such as Eurogroup Meetings minutes, Sentix Investor Confidence, and German Trade Balance. The US will release the macroeconomic report too such as the Labor Market Conditions Index m/m. So amid the reports, EUR/USD will move with low to medium volatility during this day.


TODAY TECHNICAL LEVELS: Breakout BUY Level: 1.0782. Strong Resistance:1.0776. Original Resistance: 1.0765. Inner Sell Area: 1.0754. Target Inner Area: 1.0729. Inner Buy Area: 1.0704. Original Support: 1.0693. Strong Support: 1.0682. Breakout SELL Level: 1.0676.


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Technical analysis of GBP/CHF for November 11, 2015





Technical outlook and chart setups:
The GBP/CHF pair rallied through the resistance levels around 1.5220/30, and even exceeded by a few pips before pulling back. As we can see on the H4 chart, the pair has also hit the Fibonacci resistance at 0.618 and produced a pin bar candle indicating a potential reversal. If the level of 1.5350 manages to hold the next leg could be on the lower side. It is hence recommended to go short now, with risk above 1.5350 levels. Immediate support is seen at the 1.4950, followed by 1.4700 and lower, while resistance is seen at 1.5350 (interim), followed by 1.5400.


Trading recommendations:
Stay short now, stop is at 1.5380, a target is 1.4820.


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Technical analysis of USD/JPY for November 12, 201





In Asia, Japan will release data on the 30-y Bond Auction, PPI y/y and Core Machinery Orders m/m. The US will publish economic news on the Federal Budget Balance, 30-y Bond Auction, Crude Oil Inventories, JOLTS Job Openings, and Unemployment Claims. So, there is a strong probability that the USD/JPY pair will move with low to medium volatility during this day.


TODAY TECHNICAL LEVELS:
Resistance. 3: 123.46.
Resistance. 2: 123.22.
Resistance. 1: 122.98.
Support. 1: 122.69.
Support. 2: 122.45.
Support. 3: 122.21.


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Technical analysis of USD/JPY for November 13, 2015





In Asia, Japan will release data on the Tertiary Industry Activity m/m and Revised Industrial Production m/m. The US will publish some economic news on the Natural Gas Storage, Prelim UoM Inflation Expectations, Business Inventories m/m, Prelim UoM Consumer Sentiment, Core PPI m/m, Retail Sales m/m, Retail Sales m/m, PPI m/m, and Core Retail Sales m/m. So, there is a strong probability that the USD/JPY pair will move with low to medium volatility during this day.


TODAY TECHNICAL LEVELS:
Resistance. 3: 123.31.
Resistance. 2: 123.07.
Resistance. 1: 122.84.
Support. 1: 122.54.
Support. 2: 122.30.
Support. 3: 122.06.


More analysis - at instaforex.com