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[BudakFx]

Technical analysis of USD/JPY for January 26, 2016 2016-01-26 0/5



USD/JPY is expected to trade in a lower range. Overnight, the US stocks ended lower as pressure on oil prices resumed. The Dow Jones Industrial Average fell 1.3% to 15885, the S&P 500 dropped 1.6% to 1877, while the Nasdaq Composite was down 1.6% to 4518. Nymex crude oil, which had soared 9% last Friday, gave back 5.7% to settle at $30.34 a barrel. Gold gained 1.0% to $1108 an ounce, while the benchmark 10-year Treasury yield moved down to 2.022% from 2.052% in the previous session. Meanwhile, as oil prices weakened, the Canadian dollar erased its earlier gains against the US dollar, with USD/CAD surging 1.2% to 1.4289. At the same time, EUR/USD rose 0.5% to 1.0847, USD/JPY declined 0.4% to 118.28, and AUD/USD was down 0.7% to 0.6954. The pair has broken below a bullish trend line remaining on the downside. Currently, it is trading below the 20-period (30-minute chart) moving average, which stands below the 50-period one. Meanwhile, the intraday relative strength index remains below the neutrality level of 50 after breaking below a rising trend line. Therefore, the intraday outlook has turned bearish and the pair should decline toward the first downside target at 117.50 (a level of over-lapping support and resistance) and the second target at 117.10. 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 117.50. A break of that target will move the pair further downwards to 117.10. The pivot point stands at 118.50. 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 119.20 and the second target at 119.60 Resistance levels: 119.20, 119.60, 119.90 Support levels: 117.50,117.10,116.75 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2016

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[BudakFx]

Technical analysis of USD/CHF for January 26, 2016 2016-01-26 5/5






USD/CHF is expected to trade with a bullish bias above 1.0100. The pair stands firmly above its nearest support of 1.0100, and may challenge its next resistance at 1.0175. The process of reaching higher highs and lows remains intact, which should confirm a positive outlook. Besides, the support found at 1.0100 has raised a possibility of a temporary stabilization. To sum up, any consolidations above 1.0100 should be limited before a further advance to 1.0175 and 1.0215. 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 1.0175 and the second target at 1.0215. In the alternative scenario, short positions are recommended with the first target at 1.0065 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 1.0030. The pivot point is at 1.0100. Resistance levels: 1.0175, 1.0215,1.0245 Support levels: 1.0065,1.0030, 0.9990 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2016

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[BudakFx]

Technical analysis of NZD/USD for January 26, 2016 2016-01-26 0/5



NZD/USD is expected to move downwards. The pair remains under pressure below its nearest resistance at 0.6495. Both the 20-period and 50-period moving averages are heading downwards acting resistance roles. Besides, the relative strength index is turning down below its neutrality area of 50. In this case, as long as 0.6495 is not surpassed, further decline is more likely to occur to 0.6410 and 0.6370. 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 0.6410. A break of that target will move the pair further downwards to 0.6350. The pivot point stands at 0.6495. 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 0.6520 and the second target at 0.6550. Resistance levels: 0.6520,0.6550, 0.6610 Support levels: 0.6410, 0.6350, 0.63 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2016

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[BudakFx]

Technical analysis of GBP/JPY for January 26, 2016 2016-01-26 0/5




GBP/JPY is expected to trade in a lower range as the pair is under pressure now. The pair is trading below its key resistance at 169.40 and remains on the downside. The 20-period moving average stays above its 50-period one, while the relative strength index lacks downward momentum. Further downside is therefore expected with the next horizontal resistance and overlap set at 166.65 first. A breakout below this level would call for a further decline towards 166.05. 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 166.65. A break of that target will move the pair further downwards to 166.05. The pivot point stands at 169.40. 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 170.35 and the second target at 171.35. Resistance levels: 170.35, 171.35, 172 Support levels: 166.65, 166.05, 165.50 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2016

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[BudakFx]

EUR/USD:




This pair was making bullish effort in the context of a bearish signal. There are resistance lines at 1.0900 and 1.0950. There are also support lines at 1.0800 and 1.0750. The price would either go above these resistance lines to generate a bullish signal or go below the support lines to reinforce the recent bearish outlook.

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[BudakFx]

USD/CHF:




There was a lot of trading activities around the level of 1.0150, which has been broken to the upside as the price continues to move upwards in the context of an uptrend. The best thing right now is to seek long trading opportunities in the market owing to the current bullish signal and the bright outlook for the USD.

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[BudakFx]

GBP/USD:




The GBP/USD pair went upwards yesterday because bulls were making effort to push the price upwards. However, the bearish outlook is extant unless the price goes above the distribution territory of 1.4450, which might render the bearish outlook invalid. There are accumulation territories around 1.4200 and 1.4150, which could be tested in case the price goes south.

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[BudakFx]

USD/JPY:




This pair merely consolidated yesterday, though a closer look at the chart shows that the price is likely to keep moving in this trend. There is a bullish signal in the chart as the price is now above the EMA 56, while the RSI period 14 is above the level of 50. The outlook for the USD is bright and therefore, the USD/JPY pair might continue moving upwards.

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[BudakFx]

EUR/JPY:




The bullish determination started by this cross is presently paying off. There is a novel Bullish Confirmation Pattern in the chart, which means the price has the potential to continue going upwards from here reaching the supply zones of 129.50 and 130.00 within the next few trading days.

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[BudakFx]

Technical analysis of GBP/JPY for January 27, 2016 2016-01-27 0/5




GBP/JPY is expected to trade with bullish bias. The pair stands above its key support at 168.30 and is supported by its 20-period moving average, which stays above the 50-period one. Meanwhile, the relative strength index lacks downward momentum. Further upside is therefore expected with the next horizontal resistance and overlap set at 170.30 at first. A break above this level would call for further advance toward 171.35 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 167 and the second target at 166.05. In the alternative scenario, short positions are recommended with the first target at 170.35 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 171.35. The pivot point is at 168.30. Resistance levels: 170.35, 171.35, 172 Support levels: 167, 166.05, 165.50 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2016

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