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[Jeb]

Intraday technical levels and trading recommendations for EUR/USD





for October 21, 2015 2015-10-21 0/5 Show full picture The pair moved lower after breaking below major demand levels around 1.2100 and 1.2000 where historical bottoms were previously established back in July 2012 and June 2010. EUR/USD bears have already pushed the price slightly below the monthly demand level of 1.0550 (established in January 1997). Bullish recovery was observed shortly after. April's candlestick came as bullish engulfing one. However, the next monthly candlesticks (May, June, July, and August) reflected the recent bearish rejection, which exists around the level of 1.1450. In the long term, a projected target is still seen at 0.9450 if a bearish breakdown at the monthly demand level of 1.0550 occurs soon (low probability). On the other hand, a bullish corrective movement towards 1.1500 and 1.1700 can take place only if the weekly high of 1.1465 gets hit as soon as possible. This can be achieved if the current monthly candlestick closes above the weekly high of 1.1465 by the end of this month. Show full picture Multiple ascending bottoms were established around the levels of 1.0830 and 1.1020. These levels corresponded to a current daily uptrend depicted on the chart. Shortly after, the market looked overbought as bulls were pushing the price further beyond the level of 1.1500 (daily supply level). Hence, a bearish movement towards the level of 1.1150 (61.8% Fibonacci level) took place providing evident bullish rejections several times in a row. Previously, the intraday supply zone of 1.1360-1.1400 provided significant bearish rejection. An intraday sell entry was suggested with T/P levels placed at 1.1150 (achieved) and 1.1050. The latter was not reached as the level of 1.1150 prevented further bearish decline. Daily persistence below the level of 1.1150 (61.8% Fibonacci level) was needed to expose the next demand level around 1.0980 where the daily uptrend comes to meet the EUR/USD pair. However, bullish rejection was expressed around the level of 1.1150, which led to another bullish pullback towards the intraday sell zone of 1.1370-1.1400. As anticipated, it offered a valid sell entry as long as the market keeps defending the EUR/USD supply zone at 1.1450-1.1500. T/P levels should be located at 1.1333, 1.1250, and 1.1150. On the other hand, conservative traders should wait for a bearish correction towards the zone of 1.0980-1.1000 (the depicted uptrend line) for a low-risk buy entry. S/L should be placed below 1.0950. T/P levels should be placed at 1.1080 and 1.1160. Performed by Michael Becker, Analytical expert InstaForex Group © 2007-2015

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kalu dah jumpa mcm ni dia akan naik pulak ke

 

[BudakFx]

EUR/USD:





The EUR/USD pair has only moved sideways from Monday till now and it is better to wait until there would be a break out of the current equilibrium phase. The price would either go above the resistance line at 1.1400 or below the support line of 1.1300. The current bias is bullish, so a breakout to the upside is more likely. Some fundamental figures would be released today and they might have a significant impact on the market.

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[BudakFx]

USD/CHF:





the USD/CHF has been consolidating to the upside this week though the bias remains bearish. The price is now close to the resistance level of 0.9600, but there cannot be any threat to the existing bearish bias as long as the price is below the resistance level of 0.9700. Right now, the Williams' % Range period 20 is in the overbought region, but the EMA 11 is yet to cross the EMA 56 to the upside.

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[BudakFx]

GBP/USD:



There is still a Bullish Confirmation Pattern in the GBP/USD chart, albeit the price has been corrected a bit downwards. When a breakout does occur, it is more likely that it would be to the upside, since the outlook for the GBP/USD pair is bullish (which might hold true for the rest of the month).​

 

[BudakFx]

USD/JPY:





Since October 15, 2015, the USD/JPY pair has been making some bullish effort. The price has moved upwards by close to 200 pips since then, testing the supply level of 120.00 now. The supply level could be easily breached today or tomorrow. If another supply level of 121.00 is eventually breached, that would harbinger a strong trending movement.

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[BudakFx]

EUR/JPY:






An outlook for this pair is still bullish in spite of the fact that the price looks a bit like consolidating. The bullish outlook would hold as long as the demand zone of 135.00 is not breached to the downside. Until that happens, any bearish corrections here would be taken as opportunities to go long.

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[Jeb]

EUR/JPY:






An outlook for this pair is still bullish in spite of the fact that the price looks a bit like consolidating. The bullish outlook would hold as long as the demand zone of 135.00 is not breached to the downside. Until that happens, any bearish corrections here would be taken as opportunities to go long.

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ok kwn folo yg ni

 

[BudakFx]

Technical analysis of USD/JPY for October 23, 2015 2015-10-23 5/5







In Asia, Japan will release data on the Flash Manufacturing PMI. The US will publish economic data on the Flash Manufacturing PMI. So, there is a strong probability that the USD/JPY pair will move with low to medium volatility during this day. TODAY TECHNICAL LEVELS: Resistance. 3: 121.38. Resistance. 2: 121.14. Resistance. 1: 120.91. Support. 1: 120.62. Support. 2: 120.39. Support. 3: 120.15. Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Performed by Arief Makmur, Analytical expert InstaForex Group © 2007-2015

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[BudakFx]

Technical analysis of EUR/USD for October 23, 2015 2015-10-23 5/5





When the European market opens, some economic news on the Belgian NBB Business Climate, Italian Retail Sales m/m, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI is due to be released. The US will unveil economic data on the Flash Manufacturing PMI. So amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY TECHNICAL LEVELS: Breakout BUY Level: 1.1136. Strong Resistance:1.1130. Original Resistance: 1.1119. Inner Sell Area: 1.1108. Target Inner Area: 1.1082. Inner Buy Area: 1.1056. Original Support: 1.1045. Strong Support: 1.1034. Breakout SELL Level: 1.1028. Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Performed by Arief Makmur, Analytical expert InstaForex Group © 2007-2015

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[BudakFx]

EUR/USD:





After a period of tight consolidating, which took place for the first few trading days of the week, this currency trading instrument broke downwards, plunging nicely by 270 pips before the current shallow bounce upwards. The outlook for the market is bearish, and this could potentially continue next week.

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