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[BudakFx]

USD/JPY Technical Analysis. Support And Resistance Levels For October 6, 2010 2010-10-06​

Resistance. 3 : 83.62.

Resistance. 2 :83.46.

Resistance. 1 : 83.29.

Support. 1 : 83.09.

Support. 2 : 82.93.

Support. 3 : 82.76.

It seems the US Dollar will be under a pressure again.
Please be careful if the yen goes to the Support.3 level at 82.76, because if this level is hit there will be a potential reversal to upward between 10 pips to 20 pips. However, if this pair goes down to 82.31, then the yen will move down all day long. Nevertheless, if something happen and the American dollar strengthens against the yen and this pair goes up, please watch out of the Resistance. 3 Level at 83.62; if this level is breached the pair can reverse down 10 pips into 20 pips; but if this pair moves up after the Resistance. 3 level at 84.07 is hit; it means this pair will be still going up for today.



Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

EUR/USD Technical Analysis. Support And Resistance Levels For October 06, 2010 2010-10-06​

Breakout Buy level : 1.3918.
Strong Resistance : 1.3910.
Original Resistance : 1.3897.
Inner Sell Area : 1.3883.
Target Inner Area : 1.3851.
Inner Buy Area : 1.3818.
Original Support : 1.3805.
Strong Support : 1.3791.
Breakout Sell level : 1.3783.

Yesterday in a daily timeframe, Gold (XAU/USD) and Nasdaq Composite have formed two bullish candlesticks Marubozu and Bullish Engulfing respectively, it seems the bullish situation still dominates in EUR/USD currency today, especially if the Crude Oil can break and close above the previous high at 82.98. However, we must consider the strong resistance level of 1.3910 as a barrier for this pair in an upward movement. If this pair goes down again, please pay attention for these 2 support levels: 1.3710 and 1.3574 because if these 2 levels hit today, it seems EUR/USD will reverse up again.



Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

The US stock market review for 05/10/2010 2010-10-06​

Tuesday the stock indices of the USA reached 5-month high having received a support from the part of encouraging service sector data and hopes that the Central banks of the world will follow the Bank of Japan in stimulating the economic advance. The basic materials, industrial and financial sectors promoted the growth.
By the end of trading, the Dow Jones Industrial Average rose by 193 points or by 1.8% to 10945 points, its highest closing level since May 3. The Nasdaq Composite grew by 2.4% to 2400 points. The Standard & Poor’s 500 gained 2.1% to 1161 points. Boenig shares rose in price by 3.4%, whereas the Bank of America securities were up by 3.1% and DuPont papers increased by 3%. American Express was the only one Dow component that fell in the negative territory after Justice Department civil antitrust suit. Its shares dropped by 2%. Investors’ optimism advanced ahead of the key data expected later this week. Alcoa has unofficially started the earning reports season, it will present the data on Thursday. The closely watched US non-farm payrolls will be published on Friday. The activity in the US service sector expanded better than it was expected, according to the Institute for Supply Management. This index is based on service sector companies’ reports, but also includes the data of construction and public sectors. In addition, the improving sentiment was support by unexpected decision of the Bank of Japan to buy additional bonds and decline the key interest rate to 0.1%. The Bank announced the rates would remain low until prices begin to stabilize from the deflationary pressure. Meanwhile, the Reserve Bank of Australia left its interest rates unchanged contrary to the expectations of investors, who waited for advance of the rates.




Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

The copper review for 05/10/2010 2010-10-06​

The copper futures reached 26-month high amid huge investors purchases. Nevertheless, further price hike may result in the demand lowering on this metal from the final consumers. By the end of the deals on
COMEX the copper futures with December delivery closed on the upside by 6.25 cents or by 1.7% by 3.7265 dollar/pound that comes as the highest mark from July 2008. The copper prices rose by 35% from the June lows amid the demand uptrend and fears concerning the global deliveries.
An unrest about the "currency wars" starting also supported the market, as the investors were striving at restricting the currency risk by means of metal purchasing. The currency investment becomes dangerous, as the governments are trying to decrease the national currencies rates.

The Bank of Japan decision to reduce the interest rate to 0-0,1% and introduce new measures of economic stimulation reminded the market that such situation may repeat with the US FRS. In this case, taking similar measures by the FRS will lead to the inflation boosting. That is why the investors were buying the metals, as they are considered as sanctuary currencies which ease the inflationary risks.
Nevertheless, according to the market participants, there was lack of consumer purchases due to high prices. Amid this 90% of the trading volume of Tuesday fell on big funds.
It can lead to a sharp correction of copper prices in a short term.




Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

The EUR/USD technical analysis and trading recommendations for October 06, 2010 2010-10-06​

4-hour timeframe



Overview:
The price advances steadily. Buy signal with the target to 1.3064 continues. This signal is strong and confirmed as the price is above the Ishimoku cloud and the Chinkou Span is above the price curve. The target level has been passed already, however the signs that the uprising movement is over are not observed. Alongside, the price is above the pivot level of 1.3638, which offers the next target of the movement to 1.3927 – the first resistance level. In case this level is breached, the further target will be 1.4065 – the second resistance level. If the price is below the Kijun-Sen (1.3720) it will denote the weakening of the current signal and the point to reduce long positions. The Chinkou Span is above the price chart, which is a confirmation of the current buy signal. The Bollinger Bands show the upward movement, the lines are diverging and directed up, thus indicating the possible continuation of the uptrend. The MACD is ascending, thus denoting the renewal of the uprising movement.

Trading recommendations:
Currently, it is recommended to trade long with the target to 1.3927. Stop-loss is set below 1.3720.

In addition to technical image one should take into account the fundamental data and the time of their release.

The chart annotation:
Ishimoku indicator:
Tenkan-sen — red line
Kijun-Sen — blue line
Senkou Span A — light brown stipple line
Senkou Span B — light purple stipple line
Chinkou Span — green line
Bollinger Bands indicator:
3 yellow lines
MACD indicator:
The red line and the histogram with the white bars in the indicators window.




Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

The AUD/USD candlestick analysis for 06/10/2010 2010-10-06​

On a 4-hour chart, the AUD/USD currency pair again moves up to 26-month high.
Earlier on a 4-hour chart, the AUD/USD has formed the combination of candlesticks Morning Star, thus denoting the uptrend. This combination of candlesticks formed near the mark of 0.8770 where the bulls started to increase their influence and the rollback after downward movement happened. The uptrend is confirmed by the fact that Morning Star has formed near the lower limit of uptrend (daily chart). This combination of candlesticks provided a good opportunity to open long positions.
It is recommended to set the stop orders slightly below 0.9450, as the breach of this mark will denote the breakthrough of uptrend.




Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

GBP/JPY candlestick analysis for 06/10/2010 2010-10-06​

The GBP/JPY pair rolls back after it broke through the support level of 131.71. Nevertheless, the viewpoint on the currency pair remains bearish as the GBP/JPY is traded in downtrend.
Earlier on a 4-hour chart of the GBP/JPY, the combination of candlesticks Bearish Engulfing has formed, thus signaling about decline. This candlestick formed after the currency pair could not breach the mark of 135.00, thus denoting that bulls did not fixate here and bears started to increase their influence. The breakthrough of Fibonacci correctional level of 23.6 means that this viewpoint is correct. Besides, the GBP/JPY has formed another bearish combination of candlesticks Falling Three Methods. The breach of the support level of 131.71 will set a target to 130.00-130.10 for the currency pair. However, if the resistance level of 133.75 is broken through, then short positions should be closed, as it will lead to increase to 135.00.




Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

The technical analysis of the USD/CAD for October 6, 2010 2010-10-06​

Support levels: 1.0101, 1.0050. 0.9930
Resistance levels: 1.0385, 1.0511,1.0569

On a 4-hour chart, the USD/CAD has successfully breached the lower limit of the range 1.0180-1.0385. Presently, the viewpoint on the pair is bearish. The breakthrough of the support level of 1.0178 denotes that the downward movement to 1.0680 continues and the decline to 1.0101 with the neat target to 0.9930 should be expected.
However, if the currency pair reverses and increases to the mid of the trading range 1.0180-1.0385 it will denote the bearish trap. The breach of the resistance level of 1.0385 will confirm it. In this case, we expect the uptrend to 1.0511.
In a midterm, the USD/CAD continues to move up after it formed a bottom at 0.9930. The breakthrough of 1.0680 will confirm the uprising trend and that the downward trend with 1.3063 is breached. In this case, it is expected that the USD/CAD will rise to Fibonacci correctional level of 38.2 from 1.3063 to 0.9929 at 1.1126 with the next target to Fibonacci correctional level of 61.8 at 1.1866.




Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

I not understand english very well can u talk malay I thing is very importan to me to trade

malay version

[SIZE = "4"] [COLOR = "SandyBrown"] [URL = "http://instaforex.com/forex_analysis/15728/"] Analisis teknikal dari USD / CAD untuk Oktober 6, 2010 2010/10/06 [/ URL] [/ COLOR] [/ SIZE] [/ CENTER] [/ B]



Sokongan peringkat: 1,0101, 1,0050. 0.9930
Resistance level: 1,0385, 1.0511,1.0569

Pada graf 4 jam, USD / CAD telah berjaya melanggar batas bawah kisaran 1,0180-1,0385. Saat ini, sudut pandang pada pasangan ini bearish. Terobosan tahap sokongan 1,0178 menunjukkan bahawa gerakan ke bawah untuk 1,0680 terus dan menolak untuk 1,0101 dengan target rapi untuk 0,9930 harus diharapkan.
Namun, jika pasangan mata wang berbalik dan meningkat menjadi pertengahan dari rentang perdagangan 1,0180-1,0385 akan menunjukkan perangkap bearish. Kesalahan tahap pertahanan 1,0385 akan mengesahkannya. Dalam hal ini, kami mengharapkan uptrend ke 1,0511.
Pada pertengahan semester satu, USD / CAD terus bergerak ke bawah selepas terbentuk di 0,9930. Terobosan dari 1,0680 akan mengesahkan trend pemberontakan dan bahawa trend menurun dengan 1,3063 dilanggar. Dalam hal ini, diharapkan bahawa USD / CAD akan naik ke tahap Fibonacci pemasyarakatan dari 38,2 1,3063-0,9929 di 1,1126 dengan target berikutnya ke tahap Fibonacci pemasyarakatan dari 61,8 di 1,1866.




Dilakukan oleh Vladimir Donin, Analitis ahli
Syarikat InstaForex Group © 2007-2010​