Thread: InstaForex Wave Analysis

Technical analysis of EUR/USD for Apr 05, 2017





When the European market opens, some Economic Data will be released, such as Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI. The US will release the Economic Data, too, such as FOMC Meeting Minutes, Crude Oil Inventories, ISM Non-Manufacturing PMI, Final Services PMI, and ADP Non-Farm Employment Change, so, amid the reports, EUR/USD will move in a medium volatility during this day.


TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.0730.
Strong Resistance:1.0723.
Original Resistance: 1.0713.
Inner Sell Area: 1.0703.
Target Inner Area: 1.0678.
Inner Buy Area: 1.0653.
Original Support: 1.0643.
Strong Support: 1.0633.
Breakout SELL Level: 1.0626.


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Technical analysis of EUR/USD for Apr 06, 2017





When the European market opens, some Economic Data will be released, such as ECB Monetary Policy Meeting Accounts, French 10-y Bond Auction, Spanish 10-y Bond Auction, Retail PMI, and German Factory Orders m/m. The US will release the Economic Data, too, such as Natural Gas Storage, Unemployment Claims, and Challenger Job Cuts y/y, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.


TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.0722.
Strong Resistance:1.0715.
Original Resistance: 1.0705.
Inner Sell Area: 1.0695.
Target Inner Area: 1.0670.
Inner Buy Area: 1.0645.
Original Support: 1.0635.
Strong Support: 1.0625.
Breakout SELL Level: 1.0618.


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Daily analysis of GBP/USD for April 07, 2017





GBP/USD is still looking for a strong catalyst that helps to ride the Cable in the bullish bias, and it continues to struggling with the resistance zone of 1.2522. If a breakout happens over there, a rally towards 1.2600 is likely to happen in the short term. If US NFP data comes below the expectations, such scenario could be possible.


H1 chart's resistance levels: 1.2522 / 1.2598
H1 chart's support levels: 1.2420 / 1.2333


Trading recommendations for today: Based on the H1 chart, buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.2522, take profit is at 1.2598, and stop loss is at 1.2447.


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Elliott wave analysis of EUR/NZD for April 10 - 2017





Wave summary:
EUR/NZD is not really doing anything at the moment. We continue to look for a break above 1.5347 as the go-signal for renewed upside pressure towards 1.5570 and possibly even closer to 1.5792 target. That said, support at 1.5151 will need to be able to protect the downside or a deeper correction closer to 1.5108 and possibly even closer to 1.4874 could be seen.


R3: 1.5457
R2: 1.5347
R2: 1.5312
Pivot: 1.5260
S1: 1.5183
S2: 1.5151
S3: 1.5108


Trading recommendation:
We are long EUR from 1.5235 we will move our stop higher to 1.5095. If you are not long EUR yet, then buy a break above 1.5347 and start by using the same stop.


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Technical analysis of EUR/USD for Apr 11, 2017





When the European market opens, some Economic Data will be released, such as ZEW Economic Sentiment, Industrial Production m/m, and German ZEW Economic Sentiment. The US will release the Economic Data, too, such as 10-y Bond Auction, JOLTS Job Openings, and NFIB Small Business Index, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.


TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.0649.
Strong Resistance:1.0642.
Original Resistance: 1.0632.
Inner Sell Area: 1.0622.
Target Inner Area: 1.0597.
Inner Buy Area: 1.0572.
Original Support: 1.0562.
Strong Support: 1.0552.
Breakout SELL Level: 1.0545.


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Technical analysis of EUR/USD for Apr 12, 2017





When the European market opens, some Economic Data will be released, such as German 10-y Bond Auction, and German WPI m/m. The US will release the Economic Data, too, such as Federal Budget Balance, 30-y Bond Auction, Crude Oil Inventories, and Import Prices 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: 1.0660.
Strong Resistance:1.0653.
Original Resistance: 1.0643.
Inner Sell Area: 1.0633.
Target Inner Area: 1.0608.
Inner Buy Area: 1.0583.
Original Support: 1.0573.
Strong Support: 1.0563.
Breakout SELL Level: 1.0556.


More analysis - at instaforex.com

Technical analysis of EUR/USD for Apr 13, 2017





When the European market opens, some Economic Data will be released, such as French Final CPI m/m, and German Final CPI m/m. The US will release the Economic Data, too, such as Natural Gas Storage, Prelim UoM Inflation Expectations, Prelim UoM Consumer Sentiment, Core PPI m/m, Unemployment Claims, and PPI 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: 1.0722.
Strong Resistance:1.0715.
Original Resistance: 1.0705.
Inner Sell Area: 1.0695.
Target Inner Area: 1.0670.
Inner Buy Area: 1.0645.
Original Support: 1.0635.
Strong Support: 1.0625.
Breakout SELL Level: 1.0618.


More analysis - at instaforex.com

Technical analysis of EUR/USD for Apr 17, 2017





When the European market opens, today, there is no Economic Data will be released. The US will release the Economic Data, too, such as NAHB Housing Market Index, and Empire State Manufacturing Index, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.


TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.0660.
Strong Resistance:1.0653.
Original Resistance: 1.0643.
Inner Sell Area: 1.0633.
Target Inner Area: 1.0608.
Inner Buy Area: 1.0583.
Original Support: 1.0573.
Strong Support: 1.0563.
Breakout SELL Level: 1.0556.


More analysis - at instaforex.com

USD/CAD intraday technical levels and trading recommendations for April 18, 2017Since April 2016, the USD/CAD pair has been trending upward within the depicted ascending channel. In December 2016, a bullish breakout above 1.3300 (50% Fibonacci level) was expected to allow a further advance toward 1.3700-1.3750 (the upper limit of the depicted channel). However, significant bearish rejection was expressed around 1.3580 (recently established top). During the bearish pullback, the price level of 1.3300 (50% Fibonacci Level) failed to provide enough support to the pair. This allowed a further bearish movement toward the price level of 1.2970 (61.8% Fibonacci level) where a valid BUY entry was offered in February 2017. Three weeks ago, the bullish breakout above 1.3300 (50% Fibonacci Level) enhanced a further advance toward 1.3440 and 1.3530. The next bullish target would be located around 1.3800 (upper limit of the depicted channel) if the pair maintains upside trading above 1.3300 (50% Fibonacci Level) which stands as a prominent support level. On the other hand, if the USD/CAD pair moves below 1.3300, it may become trapped again within the depicted consolidation range (1.3300-1.2970).InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.More analysis - at instaforex.com

Elliott wave analysis of EUR/JPY for April 19, 2017





Wave summary: EUR/JPY has now spiked to resistance at 116.55 indicating that a low is in place at 114.82 and a new rally to above 124.09 should be expected. Short term, we should expect a minor set-back towards 115.70 before the next impulsive rally higher towards 118.25. Above here, it will confirm the low has been seen and confirm a rally back to 122.88 and 124.09 on the way higher.


R3: 117.47
R2: 116.85
R1: 116.61
Pivot: 116.40
S1: 116.24
S2: 115.94
S3: 115.72


Trading recommendation:
We are long EUR from 115.25 with stop placed at 114.75. If you are not long EUR yet, then buy near 115.72 and use the same stop at 114.75.


Analysis are provided byInstaForex.