Technical Analysis from www.Instaforex.com

[Jeb]

GBP/USD:





The cable was unable to make any meaningful rally last week because bulls met a stubborn impediment at the distribution territory of 1.5500. In fact, the price simply went down last week resulting a "sell" signal in the market. The price needs to go further down, so that the "sell" signal could be valid. The cable might be under selling pressure as long as the EUR/USD pair is weak enough. They are both positively correlated.

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ada harapan ka mau naik balik tuan

 

[Jeb]

EUR/JPY:




Due to sudden weakness in the EUR, the EUR/JPY cross rapidly fell in the last few days previouse week. There is now a Bearish Confirmation Pattern in the market, which would most probably continue as long as the EUR is weak. The only factor that can reverse this is a situation is which the YEN becomes weaker than the EUR.

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esok kwan nak sell tengok apa gaya

 

[Jeb]

kalau ade pair gj ni kan best

 

[Jeb]

USD/JPY:





The USD/JPY pair nicely trended upwards last week ending the recent protracted equilibrium phase in the market. Since October 15, 2015, the price has moved upwards by roughly 350 pips almost reaching the supply level of 121.50. This week, we anticipate a further northward movement, which may enable the price to reach the resistance levels of 122.00 and 122.50.

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nmpak gaya mcm takmo turun je nih

 

[BudakFx]

EUR/USD:






This market, which plunged massively last week, is still in a bearish mode. A Bearish Confirmation Pattern is valid and it cannot be rendered ineffectual unless the price rises above the resistance line of 1.1200. Right now, any attempts to rally in the market could be seen as good opportunities to go short.

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[BudakFx]

USD/CHF:




This pair remains in a strong bullish mode, without any signs of retracement. This week's targets is seen at the resistance levels of 0.9850 and 0.9900, remain valid. Although, strong continual buying pressure is needed for the resistance level to be attained, the outlook is upbeat here.

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[BudakFx]

GBP/USD:





This currency trading instrument still has the recent "sell" signal on it, though the price is yet to make a directional movement. There are accumulation territories around 1.5300 and 1.5250; plus there are distribution territories at 1.5400 and 1.5450. The price is expected to go above the distribution territories or below the accumulation territories this week.

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[BudakFx]

USD/JPY:





The USD/JPY pair, which traded strongly northwards last week, corrected lower this week. The price came down by 110 pips, but the bias is still bullish. The bullish bias would remain valid as long as the demand level of 119.50 is not breached to the downside.

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[BudakFx]

EUR/JPY:





This cross has continued its modarate bearish journey. The bearish bias is supposed to continue, owing to the current weakness in the EUR and the stamina in the JPY. For this bias to be reversed, the EUR would need to become stronger than the JPY, which might not be possible this week.

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[BudakFx]

Technical analysis of EUR/USD for October 27, 2015 2015-10-27 5/5




When the European market opens, economic news on Private Loans y/y and M3 Money Supply y/y is due to be released. The US will publish data about the Richmond Manufacturing Index, CB Consumer Confidence, Flash Services PMI, S&P/CS Composite-20 HPI y/y, Durable Goods Orders m/m, and Core Durable Goods Orders m/m. So amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY TECHNICAL LEVELS: Breakout BUY Level: 1.1111. Strong Resistance:1.1105. Original Resistance: 1.1094. Inner Sell Area: 1.1083. Target Inner Area: 1.1057. Inner Buy Area: 1.1031. Original Support: 1.1020. Strong Support: 1.1009. Breakout SELL Level: 1.1003. 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. Performed by Arief Makmur, Analytical expert InstaForex Group © 2007-2015

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