JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser .
Technical Analysis from www.Instaforex.com
Legendary Member
Messages
15,568
Technical analysis of USD/CHF for December 08, 2015 2015-12-08 0/5
USD/CHF is expected to trade with a bearish bias as key resistance is seen at 1.0035. The pair is still under pressure below its major resistance of 1.0035, which has been tested several times, and also holds on the upside. A bearish cross between the 20-period and 50-period moving averages has been identified (a strong negative signal). Moreover, the relative strength index broke out below its neutrality area of 50. Hence, as long as the resistance at 1.0035 is not surpassed, the risk of a breakout below 0.9945 remains high. 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 0.9945. A break of that target will move the pair further downwards to 0.9870. The pivot point stands at 1.0035. 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 1.0150 and the second target at 1.0175. Resistance levels: 1.0115 1.0175 1.0245 Support levels: 0.9945 0.9870 0.9810 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2015
Legendary Member
Messages
15,568
Technical analysis of USD/JPY for December 08, 2015 2015-12-08 0/5
USD/JPY is expected to trade with a bullish bias. Overnight, the US stock indexes ended lower, dragged by a broad selloff in energy shares triggered by oil prices' continuous slide. The Dow Jones Industrial Average fell 0.7% to 17730, the S&P 500 lost 0.7% to 2077, and the Nasdaq Composite was down by 0.8% to 5101. Nymex crude oil plunged 5.8% to $37.65 a barrel to near seven-year lows. Gold lost 1.5% to $1070 an ounce and the benchmark 10-year Treasury edged down to 2.236% from 2.274% in the previous session. The US dollar managed to hold its gains against most other major currencies. Boosted by a clump in oil prices, USD/CAD surged 1.0% to 1.3504. EUR/USD was down by 0.5% landing at 1.0835, NZD/USD lost 1.6% to 0.6638, while AUD/USD was down by 1.0% to 0.7265. The pair remains on the upside and is currently trading around the over-lapping 20-period (30-minute chart) and 50-period intraday moving averages. Meanwhile, the relative strength index is hovering around the neutrality level of 50. As long as the bullish intraday outlook is maintained and 122.90 acts as key support, the pair is expected to break out the first upside target at 123.55 (around the high of December 3). 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 123.50 and the second target at 123.75. In the alternative scenario, short positions are recommended with the first target at 122.75 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 122.50. The pivot point is at 122.90. Resistance levels: 123.50 123.75 124 Support levels: 122.70 122.50 122.25 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2015
Legendary Member
Messages
15,568
EUR/USD:
The EUR/USD pair is still making attempts to go further upwards, while the bias in the market remains bullish. The price is testing the resistance line of 1.0900, and in case the resistance line is breached to the upside, the resistance line of 1.0950 would be the next target, which might be easily attained by bulls.
Legendary Member
Messages
15,568
USD/CHF:
This pair is still in a strong bearish mode. The EMA 11 is below the EMA 56 while the Williams' % Range period 20 is often in the oversold territory. At this junction, any upwards slopes of the Williams' % Range should be interpreted as short-selling opportunities. Yes, the USD/CHF pair is under pressure at the moment.
Legendary Member
Messages
15,568
GBP/USD:
Since testing the distribution territory of 1.5150, the GBP/USD pair has gradually come down. In fact, there is a "sell" signal in the market, just in line with the bearish expectation on GBP pairs. It is possible that the market would continue going downwards with further 150 pips this week.
Legendary Member
Messages
15,568
USD/JPY:
This pair is yet to make any significant moves. There are short-term upswings and downswings in the market, which made the market condition great for scalpers and intraday traders. The bias is neutral and it may continue as such until there is a movement of at least 200 pips upwards or downwards.
Legendary Member
Messages
15,568
EUR/JPY:
Following the great bullish breakout last week, this cross first traded sideways on Monday and then made an attempt to continue moving upwards on Tuesday. Since there is now a clear Bullish Confirmation Pattern in the market, it is easy for the price to continue journeying northwards. One reason for this expectation is the bright outlook for JPY pairs.
Legendary Member
Messages
15,568
Technical analysis of GBP/JPY for December 09, 2015 2015-12-09 0/5
GBP/JPY is expected to trade with a bearish bias. The pair stays below its key resistance at 185.25 moving sideways between 185.25 and 184.55. Meanwhile, the relative strength index is mixed to bearish. As long as 185.25 is resistance, look for choppy price actions with a bearish bias. The first target to the downside is set at the horizontal support and overlap at 185.55. A breakout below this level would open the way to further weakness toward 183.95. 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 184.55. A break of that target will move the pair further downwards to 183.95. The pivot point stands at 185.25. 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 186.35.70 and the second target at 186.30. Resistance levels: 185.70 186.30 186.55 Support levels: 184.55 183.95 183 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2015
Legendary Member
Messages
15,568
Technical analysis of NZD/USD for December 09, 2015 2015-12-09 0/5
NZD/USD is expected to trade in a lower range as the key resistance is at 0.6665. The pair is trading sideways within a range between 0.6665 and 0.6605. Nevertheless, the relative strength index lacks upward momentum. Furthermore, the upward potential is likely to be limited by the resistance at 0.6665. In these perspectives, as long as 0.6665 is not surpassed, look for a new pullback to 0.6565 and 0.6540 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 0.6565. A break of that target will move the pair further downwards to 0.6540. The pivot point stands at 0.6665. 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 0.6685 and the second target at 0.6730. Resistance levels: 0.6685 0.6730 0.6770 Support levels: 0.6565 0.6540 0.6515 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2015
Legendary Member
Messages
15,568
Technical analysis of USD/CHF for December 09, 2015 2015-12-09 0/5
USD/CHF is expected to trade with bearish bias. The pair has reversed down while being capped by the descending 20-period and 50-period moving averages. The key resistance at 0.9985 still holds on the upside. Besides, the relative strength index is weak below its neutrality area at 50. In conclusion, as long as 0.9985 is not surpassed, a new pullback seems to be on the cards to at least 0.9870 (the low of December 3). In case of a breakout, look for a further decline to 0.9830. 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 0.9870. A break of that target will move the pair further downwards to 0.9830. The pivot point stands at 0.9950. 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 0.9985 and the second target at 1.0035. Resistance levels: 0.9985 1.0035 1.0075 Support levels: 0.9870 0.9830 0.9790 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2015
