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EUR/JPY:




The EUR/JPY pair briefly went below the demand zone at 130.00 before going above it again. The price is now below the supply zone at 130.50, while the overall bias remains bearish. In case the bearish journey continues, the demand zone at 130.00 could be tested again. It could even be breached to the downside.

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Technical analysis of GBP/JPY for November 26, 2015 2015-11-26 0/5







GBP/JPY is expected to trade in a higher range as a bias remains bullish. The pair is posting a rebound after testing the key support at 184.90 overnight. It is currently trading around both the 20- and 50-period moving averages. And the relative strength index is staying above the neutrality level at 50. The intraday outlook continues to be bullish with the first upside target being set at 186 and the second one at 186.55. 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 186 and the second target at 186.55. In the alternative scenario, short positions are recommended with the first target at 184.30 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 183.85. The pivot point is at 184.90. Resistance levels: 186 186.55 187 Support levels: 184.30 183.85 183 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2015

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Technical analysis of NZD/USD for November 26, 2015 2015-11-26 0/5





NZD/USD is expected to continue the upside movement. The rising 20- and 50-period moving averages are providing support to the pair. The relative strength index stands firmly above its neutrality level at 50 and lacks downward momentum. A support base has formed around 0.6535, which should limit the downside potential. As long as 0.6535 is support, look for a further upside toward 0.6615 and 0.6640 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 0.6640. In the alternative scenario, short positions are recommended with the first target at 0.6490 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 0.6460. The pivot point is at 0.6535. Resistance levels: 0.6615 0.6640 0.6675 Support levels: 0.6490 0.6460 0.6430 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2015

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[BudakFx]

Technical analysis of USD/JPY for November 26, 2015 2015-11-26 0/5



USD/JPY is expected to trede with bullish bias. Overnight, US stock indexes closed broadly flat with the trading volume getting lighter ahead of the Thanksgiving holiday. The Dow Jones Industrial Average gained 1.2 points to 17,813, the S&P 500 slipped 0.2 point to 2,088, and the Nasdaq Composite was up 13.3 points (0.3%) at 5116. Nymex crude oil rose 0.4% to $43.04 a barrel, and gold declined 0.4% to $1,071 an ounce. Meanwhile, the benchmark 10-year Treasury yield fell to 2.232% from 2.243% in the previous session. The US dollar was boosted by a series of economic data which upheld expectations for the Federal Reserve to raise interest rates in December. For example, new durable goods orders increased 3.0% in October (vs +1.7% expected; -0.8% in September), and initial jobless claims declined to 260,000 for the week ended November 21 from 272,000 a week before. The Wall Street Journal Dollar Index edged up 0.1% to 90.43. EUR/USD made a fresh 7-month low of 1.0565 before rebounding, and USD/CHF surged to as high as 1.0260. The pair has broken above a declining trend line and remains on the upside. It is currently trading around the 20-period intraday moving average (30-minute chart), which has crossed above the 50-period one. Meanwhile, the relative strength index is standing above the neutrality level at 50. As long as 122.40 holds as the key support, the pair could rise towards the first upside target at 122.80 (around yesterday's high) and the second one at 123.05. 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 122.80 and the second target at 123.05. In the alternative scenario, short positions are recommended with the first target at 122.20 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 122.00. The pivot point is at 122.40. Resistance levels: 122.80 123.05 123.50 Support levels: 122.20 122 121.80 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2015

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Technical analysis of USD/CHF for November 26, 2015 2015-11-26 0/5




USD/CHF is expected to trade on the upside as bias remains bullish. The pair broke above its previous key resistance at 1.0170, which becomes a support now, and accelerated on the upside. The 50-period moving average is rising and suggests further upside potential. The relative strength index is above its neutrality area at 50 and lacks downward momentum. As long as 1.0170 holds on the downside, look for a further upside towards 1.0250 and 1.0280 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 1.0250 and the second target at 1.0280. In the alternative scenario, short positions are recommended with the first target at 1.0140 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 1.0120. The pivot point is at 1.0170. Resistance levels: 1.0250 1.0280 1.0315 Support levels: 1.0140 1.0120 1.0090 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2015

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[BudakFx]

EUR/USD:




Based on the price action in the market, it is not currently rational to seek long trades here � though the market looks oversold. The support line at 1.0550 will become a next target for bears if the price moves further southwards. The price has not moved seriously this week, but a breakout is imminent.

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[BudakFx]

USD/CHF:




After testing the resistance level of 1.0200, this pair succeeded in holding above it. A bullish bias is intact and it would hold as long as the price is above the support level of 1.0150. Only a very strong selling pressure can take the price below the support level (something that currently does not exist in the market).

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[BudakFx]

GBP/USD:




Based on what has happened so far this week, the outlook for the GBP/USD pair is strongly bearish. There is a Bearish Confirmation Pattern in the chart; and since the EMA 11 is below the EMA 56 (while the RSI period 14 is below the level of 50), it looks rational to expect further southward journey in the market.
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[BudakFx]

USD/JPY:




The USD/JPY pair only moved sideways on Thursday owing to weak trading activity. The price is now consolidating, and in case this continues for the next few trading days, the bias on the market would turn neutral.

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[BudakFx]

EUR/JPY:












This currency trading instrument has moved downwards by 80 pips so far this week, resting in the demand zone of 130.00. There is a strong probability that the demand zone would be breached to the downside as the price goes towards another demand zone of 129.50. This currency trading instrument would be weak as long as the euro is weak.

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