BTC USD 81,461.8 Gold USD 4,004.55
Time now: Jun 1, 12:00 AM

Technical Analysis from www.Instaforex.com







The spot rate approach the lower limit of its medium-term downtrend channel to 81.30 suggesting a rebound in the short term. However a break in this area would begin a downward trend more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 81.30 with a 1st objective of 81.90, then 82.30. A break in 81.10 would invalidate this scenario.


Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2010
 


The AUD/USD has reached a new all-time high 1.0197.
Earlier on a daily chart the AUD/USD has formed the combination of candlesticks Bullish Engulfing which indicates the uprising movement, confirmed further.
This combination of candlesticks developed near the support level of 0.9537, where the bulls started to increase their influence and a rebound took place after a downside movement. This combination of candlesticks provided a good opportunity to open long positions.
A breakthrough of the resistance level of 0.9710 means that this point of view is correct.
However, in case the reversal takes place and the AUD/USD breaks through the support level of 0.9710, then long positions should be closed, as it will lead to the further decline to 0.9537.   





Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010
 


On a 4-hour graph the GBP/USD is approaching the upper limit of the downtrend. The viewpoint on the pair is still bearish. Earlier the pair dropped sharply after it failed to break out the resistance level of 1.5900. Nevertheless, if the 1.5650 level is broken it will be recommended to close short positions since this will lead to advance to 1.5900.
As mentioned before, on a 4-hour graph the GBP/USD formed the combination of candlesticks Bearish Engulfing which indicates the decline, confirmed further.
This combination of candlesticks developed after the currency pair could not break through the resistance level near 1.6085-1.6096, which means that the bulls did not solidify here. Further the bears started increasing their influence.
A breakthrough of 1.5841 means that this point of view is correct.





Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010
 
USD/CHF candlestick analysis for December 30, 2010 2010-12-30​



The USD/CHF currency pair has been refreshing all-time highs amid low trading volumes. The viewpoint on the currency pair is still bearish. The breakout of the support level 0.9500 targeted the USD/CHF pair to 0.9400 with 0.9350 as the next traget.
Earlier on a 4-hour graph the USD/CHF has formed the combination of candlesticks Falling Three Methods which indicates the downside movement.
This combination of candlesticks shows that the USD/CHF was increasing during a couple of weeks, but the rebound took place after the USD/CHF failed to break out the level of 1.0066. This means that the bulls did not manage to solidify here and the bears started increasing their influence. The downside movement is supported by the fact that the currency pair broke through the line of the uptrend.
A breakthrough of support level of 0.9850 confirms this point of view.
It is recommended to place the stop-orders slightly above 0.9669 as the breakout of this level will target the currency pair to 0.9850.




Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010
 




Support levels: 0.9980, 0.9930, 0.9820
Resistance levels: 1.0212, 1.0290, 1.0380
On a 4-hour graph the USD/CAD is testing the support level near 0.9980-1.0000 again. Most of 2010 this level demonstrated substantial demand since Canadian companies tend to buy dollars for lower price. As mentioned before, the breakout of support level at 0.99880 will allow this pair to reach 0.9930.
Nevertheless, if a reversal takes place and the USD/CAD breaks the 1.0212 resistance level, this will lead to upside motion with the target to 1.0290. Further breakout of 1.0380 will denote the end of a rollback from 1.0680 and that further advance should be expected. Moreover, the breakthrough of 1.0380 will point to the formation of “Triple Bottom”.
In the midterm the currency pair will probably remain within the limits of its wide range between 1.0000 and 1.0750-1.0850. Nonetheless, in case the reversal takes place, then the breakout of 1.0680 will confirm that the consolidation ended and that the downtrend with 1.3063 is broken through. In this case it is expected that the USD/CAD will move upside to the Fibonacci correction level 38.2 from 1.3063 to 0.9929 at 1.1126 with the next target to the Fibonacci correction level 61.8 at 1.1866. 





Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010
 







Gold is currently testing resistance through its medium-term bullish channel at 1410. A break of this zone would allow it to reach the upper limit of this one in 1417.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1410 with a 1st objective of 1417, then 1421. A break in 1408 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2010
 
USD/JPY Technical Analysis. Support And Resistance Line For June; 28th/2010. 2010-06-28





Today, the USD/JPY intraday important Support & Resistance are at:

Resistance. 3 : 89.77.
Resistance. 2 : 89.59.
Resistance. 1 : 89.42.
Support. 1 : 89.20.
Support. 2 : 89.02.
Support. 3 : 88.84.
But, please pay attention to Resistance. 3 (89.77) level because if this level is hit by this pair, usually it is a tendency of reversing downwards for this pair again to the level of 89.67 to 89.57(maximal); but if this pair after the Break of Resistance. 3 still moves to 90.24 it seems this pair will continue the upward movement. On the other hand, if Support. 3 (88.84) will be hit, please pay careful attention to a reversal to upward movement again to 88.94 to 89.04 (maximal) level, if this pair after the break of Support. 3 still moves to 88.37 it seems this pair will continue the downward movement.

reliable ke ni?? :-?
 


The USD/CHF currency pair has been refreshing all-time highs and is finishing the year on the upside. The viewpoint on the currency pair is still bearish. The breakout of the support level 0.9350 targeted the USD/CHF pair to 0.9300 with 0.9250 as the next traget.
Earlier on a 4-hour graph the USD/CHF has formed the combination of candlesticks Falling Three Methods which indicates the downside movement.
This combination of candlesticks shows that the USD/CHF was increasing during a couple of weeks, but the rebound took place after the USD/CHF failed to break out the level of 1.0066. This means that the bulls did not manage to solidify here and the bears started increasing their influence. The downside movement is supported by the fact that the currency pair broke through the line of the uptrend.
A breakthrough of support level of 0.9850 confirms this point of view.
It is recommended to place the stop-orders slightly above 0.9560 as the breakout of this level will target the currency pair to 0.9669.



Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010
 






The spot rate broke through the resistance of its medium-term bullish channel at 1.3250 resulting in an acceleration and seems to initiate a pullback on these levels before a resumption of bullish. However a break of these levels would entail a return to the lower limit of this channel at 1.3100.

According to previous events, the market indicates a bullish opportunity on the levels of 1.3250 with a 1st objective of 1.3350, then 1.3400. A break in 1.3220 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2010
 

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Currency
Rates
EUR / USD
1.12089
USD / JPY
156.977
GBP / USD
1.33887
USD / CHF
0.82154
USD / CAD
1.40128
EUR / JPY
175.953
AUD / USD
0.70050
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