Technical Analysis from www.Instaforex.com

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EUR/USD:




From Monday till Wednesday, the EUR/USD pair simply consolidated to the downside. But yesterday, the pair made a faint bullish effort, which is almost negligible because the dominant bias is bearish. The faint bullish effort could result in another opportunity to take advantage of the ongoing bearish bias.

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USD/CHF:






The USD/CHF pair remains a bull market because there is still a Bullish Confirmation Pattern in the chart. The EMA 11 is above the EMA 56, though the Williams' % Range period 20 is in the oversold area. That could just mean another opportunity to go long at a better price.

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GBP/USD:





There is an indication that the cable is determined to start going upwards, owing to the current price action in the market. The distribution territory at 1.5300 was temporarily breached yesterday, but the price could not close above it. That distribution territory has been battered, and it could be breached to the upside today or next week.

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USD/JPY:





This pair is still in a bullish mode, in spite of the current bearish retracement in the chart. Eventually, the price would go further upwards, testing the supply level of 123.50 and 124.00. There are demand levels of 122.50 and 122.00

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[BudakFx]

EUR/JPY:





This currency trading instrument has been in a bearish mode for some time, though the price is in a vivid equilibrium phase. The bearish outlook is, nevertheless, valid. As long as the euro continues to be weak, this cross would not find it easy to rally significantly. Another condition for a bullish reversal is a serious weakness in the yen.

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Technical analysis of GBP/JPY for November 20, 2015 2015-11-20 0/5








GBP/JPY is expected trade in a lower range as the key resistance is at 188.25. The pair remains capped by its key resistance at 188.25 and stays on the downside. Meanwhile, the intraday relative strength index lacks upward momentum. The first target to the downside is therefore set at the horizontal support and overlap at 187.20. A break below this level would open the way to further weakness towards 186.80. Trading recommendations: The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 187.20. A break of that target will move the pair further downwards to 786.80. The pivot point stands at 188.25. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, long positions are recommended with the first target at 188.85 and the second target at 189.30. Resistance levels: 188.85 189.30 190 Support levels: 187.20 186.80 185.95 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2015

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Technical analysis of NZD/USD for November 20, 2015 2015-11-20 0/5






NZD/USD is expected to trade with bullish bias as the upside prevails. The pair managed to break above its previous resistance at 0.6540, and posted a new bounce yesterday. The intraday outlook is bullish now, as the process of higher highs and lows has been confirmed. The intraday relative strength index remains bullish above its neutrality area at 50. The 20-period and 50-period moving averages act well as support roles. Hence, as long as 0.6540 holds on the downside, look for further advance to 0.6615 and 0.6645 in extension. Trading recommendations: The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. As long as the price holds above its pivot point, long positions are recommended with the first target at 0.6615 and the second target at 0.6645. In the alternative scenario, short positions are recommended with the first target at 0.65 if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 0.6450. The pivot point is at 0.6540. Resistance levels: 0.6615 0.6645 0.6695 Support levels: 0.65 0.6450 0.64 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2015

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Technical analysis of USD/CHF for November 20, 2015 2015-11-20 0/5





USD/CHF is expected to trade with bearish bias. After yesterday's downside breakout of the bullish channel, the pair has clearly reversed down, and seems likely to post further decline. The 20-period and 50-period moving averages are also turning down, and should continue pushing prices lower. Besides, the RSI is negatively oriented, and lacks upward momentum. Therefore, as long as 1.0175 is not surpassed, expect a return to 1.0015 and 1.0075 in extension. Trading recommendations: The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 1.0115. A break of that target will move the pair further downwards to 1.0075. The pivot point stands at 1.0175. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, long positions are recommended with the first target at 1.0220 and the second target at 1.0250. Resistance levels: 1.0220 1.0250 1.0275 Support levels: 1.0115 1.0075 1.0040 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2015

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Technical analysis of USD/JPY for November 20, 2015 2015-11-20 0/5






UUSD/JPY is under pressure. The US indices closed slightly lower on Thursday, pressured by shares in the Transportation, Semiconductor & Semiconductor Equipment, and Utilities sectors. The DJIA was 0.02% down at 17732.75. S&P 500 edged lower by 0.1% at 2081.24, and Nasdaq Composite remeined flat at 5073.64. The 10-year Treasury yields fell by 0.023% to 2.246%. Nymex crude oil posted a 0.5% decline to $40.54, while gold rose by 0.9% to $1,078.00/ounce. On the economic data front, the US Initial jobless claims lowered to 271K for the week ending Nov 14 compared to 276K the week before. Continuing claims fell by 2K to 2175K and remained 8% down against the reporting period in the previous year. The Philadelphia fed business outlook index rose to 1.9 this month, above the (-0.5) estimate and above the (-4.5) back in Oct. Finally, the conference board US leading index rose 0.6% in Oct, above the 0.5% estimate compared to a decrease of 0.2% last month. The dollar suffered its largest one-day percentage decline against the euro and the yen in a month due to profit-taking. The pair broke below a rising trend line, which emerged on Nov 16 and consolidated on the downside. The declining 20-period and 50-period moving averages maintain the downside bias. The relative strength index is below its neutrality level at 50%. As long as 123.200 holds on the upside, look for further downside move towards 122.60 and even 122.30. Trading recommendations: The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 122.60. A break of that target will move the pair further downwards to 122.30. The pivot point stands at 123.20. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, long positions are recommended with the first target at 123.60 and the second target at 123.85. Resistance levels: 123.60 124 124.45 Support levels: 122.60 122.30 121.60 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2015

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[BudakFx]

EUR/USD:





This EUR/USD pair did not make any significant movement on Monday, though the bias remains bearish. It is possible that the price would continue moving southwards; there is also a possibility that the price will rise sharply.

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