Technical Analysis from www.Instaforex.com

[BudakFx]

Technical analysis of NZD/USD for November 03, 2015 2015-11-03 0/5




NZD/USD is expected to trade in a higher range and the pair is bullish above 0.6695. The pair is currently testing its horizontal level at 0.6732 and 0.6695 which represents a strong support base and should allow for a temporary stabilization. Even though a consolidation cannot be ruled out at the current stage, its extent should be limited, as long as 0.6695 is not broken. Upward targets are set at 1.55100.6785 and 0.6810. 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 0.6785 and the second target at 0.6850. In the alternative scenario, short positions are recommended with the first target at 0.6670 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 0.6640. The pivot point is at 0.6695. Resistance levels: 0.6785 0.6810 0.6850 Support levels: 0.6670 0.6640 0.6610 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2015
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[BudakFx]

Technical analysis of GBP/JPY for November 03, 2015 2015-11-03 0/5




GBP/JPY is expected to trade with a bullish bias. The pair is holding above its being support at 185.50 and is supported by its 50-period intraday MA. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. A further upside is therefore expected with the next horizontal resistance and overlap set at 186.75 at first. A break above this level would call for a further advance towards 187.30 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 186.75 and the second target at 187.30. In the alternative scenario, short positions are recommended with the first target at 185 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 184.60. The pivot point is at 185.50. Resistance levels: 186.75 187.30 188.05 Support levels: 185 184.60 184.00 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2015

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[BudakFx]

EUR/USD:





The EUR/USD pair went down by 300 pips last week in conjunction with the bearish outlook for the market. There are resistance lines at 1.0850 and 1.0900, which should resist any serious bullish attempts as the price endeavors to go further south. There are also support lines at 1.0650 and 1.0600. These are the potential targets for bears this week.

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[BudakFx]

USD/CHF:

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Last week, this pair achieved a predictable feat - the USD reaching parity with the CHF. The price went above the great psychological levels at 1.0000 and 1.0050, closing above the latter on Friday. In the face of the ongoing strength in the Greenback, the pair would continue its upwards journey this week, possibly reaching the resistance levels at 1.0100 and 1.0150.
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[BudakFx]

GBP/USD:





Among the majors, the Cable was the strongest moving last week. The movement was so strong that the price fell by 400 pips, testing the accumulation territory at 1.5050. The outlook for this market remains bearish and it is possible that the accumulation territories at 1.5000 and 1.4950 would be attained this week.

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[BudakFx]

USD/JPY:





The price on this currency trading instrument moved upwards slowly and steadily last week, and then jumped further upwards on November 6, 2015. Price closed at 123.17 on that day on a strong bullish note. The bullish journey would continue this week (and this month), owing to a positive outlook for most JPY pairs.

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[BudakFx]

EUR/JPY:




The EUR/JPY pair remains in a bearish mode, though the journey southward was not significant last week. As long as the Euro is strong, the EUR/JPY pair would continue trending downwards. The only occurrence that can reverse this expectation is the occurrence that enables the Yen to be suddenly weaker than the Euro.

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[Jeb]

EUR/JPY:




The EUR/JPY pair remains in a bearish mode, though the journey southward was not significant last week. As long as the Euro is strong, the EUR/JPY pair would continue trending downwards. The only occurrence that can reverse this expectation is the occurrence that enables the Yen to be suddenly weaker than the Euro.

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ni mau makint turun kah

 

[Jeb]

USD/JPY:





The price on this currency trading instrument moved upwards slowly and steadily last week, and then jumped further upwards on November 6, 2015. Price closed at 123.17 on that day on a strong bullish note. The bullish journey would continue this week (and this month), owing to a positive outlook for most JPY pairs.

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menggila peginya jumaat lpas. aduih

 

[BudakFx]

EUR/USD:




The EUR/USD pair moved simply sideways on Monday. There are resistance lines at 1.0850 and 1.0900, which should resist any serious bullish attempts as the price endeavors to go further south. There are also support lines at 1.0650 and 1.0600. These are bears' potential targets this week.

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