Technical Analysis from www.Instaforex.com

[BudakFx]

EUR/USD:




In solidarity with an extant bearish outlook, the EUR/USD price has moved further downwards this week. The movement by over 60 pips has happened. The support line at 1.0650 is currently being penetrated and it could end up being breached to the downside. The resistance lines are seen at 1.0700 and 1.0750.

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[BudakFx]

USD/CHF:




Since the EUR/USD pair is going further downwards, the USD/CHF pair is going further upwards. The pair is trading over the support level at 1.0100, going towards the resistance level at 1.0150, which might even be breached to the upside.

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[BudakFx]

GBP/USD:





After testing the accumulation territory around 1.5050, the price gradually bounced upwards by 200 pips reaching the distribution territory of 1.5250. As long as the distribution territory at 1.5350 is not broken to the upside, the recent bearish bias would not be violated. There is an opportunity that the bearish journey would be resumed in earnest, but now the price is consolidating.

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[BudakFx]

USD/JPY:





This week, the USD/JPY pair rose from the demand level of 122.50, almost reaching the supply level at 123.50. This is happening in solidarity with the extant bullish outlook on the market, and since there is a Bullish Confirmation Pattern in the market, it looks rational to assume that a bullish journey will continue gradually.

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[BudakFx]

EUR/JPY:





This cross opened with a minor gap this week, and then the price bounced upward on Monday before the current bearish retracement took place. The bearish outlook is, nevertheless, valid. We expect faster and stronger movements this week owing to small gaps, which are observed on some pairs and crosses.

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[BudakFx]

Technical analysis of USD/CHF for November 18, 2015 2015-11-18 0/5







USD/CHF is expected to trade in a higher range as it is supported by a rising trend line. Currently trading at 1.0147, the pair is positively oriented being backed by its ascending trend line. The process of reaching higher highs and lows remains intact, and the 20-period and 50-period moving averages are headed to the upside. They should also prevent any attempts to break downwards. To sum up, as long as 1.0120 (our trailing stop loss) is not broken, the pair is likely to advance to 1.0175 & 1.0210 in coming trading hours. 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 1.0200. In the alternative scenario, short positions are recommended with the first target at 1.0075if 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 1.0040. The pivot point is at 1.0120. Resistance levels: 1.0175 1.0200 1.0275 Support levels: 1.0075 1.0040 0.9990 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2015

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[BudakFx]

Technical analysis of NZD/USD for November 18, 2015 2015-11-18 0/5





NZD/USD is expected to trade with a bearish bias. The pair remains under pressure below its nearest resistance at 0.65 challenging its major support at 0.6445. The risk of a breakout below this threshold remains high as the intraday 20-period and 50-period moving averages are heading downwards, and should call for a new decline. Hence, as long as 0.65 holds on the upside, a further drop towards 0.6420 seems to be on the cards. 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 0.6445. A break of that target will move the pair further downwards to 0.6420. The pivot point stands at 0.6500. 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 0.6545 and the second target at 0.6575. Resistance levels: 0.6545 0.6575 0.6590 Support levels: 0.6445 0.6420 0.6370 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2015

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[BudakFx]

Technical analysis of GBP/JPY for November 18, 2015 2015-11-18 0/5




The GBP/JPY pair is expected to trade with a bullish bias. A support base at 131.20 was formed and has allowed for a temporary stabilization. The pair is expected to post a rebound as the intraday relative strength index is mixed to bullish. The further upside is therefore expected with the next horizontal resistance and overlap set at 188 at first. A breakout above this level would call for further advance towards 188.40.The 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 188 and the second target at 188.40. In the alternative scenario, short positions are recommended with the first target at 186.50 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 185.95. The pivot point is at 186.90. Resistance levels: 188 188.40 189 Support levels: 186.50 185.95 185.30 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2015

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[BudakFx]

EUR/USD:




There is still a Bearish Confirmation Pattern in the EUR/USD chart. The EMA 11 is below the EMA 56 and the Williams' % Range period 20 is in the oversold territiry. In solidarity with the extant bearish outlook, the EUR/USD pair has moved by over 60 pips downward this week. The support line at 1.0650 is currently being penetrated and it could be breached to the downside. The resistance lines are seen at 1.0700 and 1.0750.
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[BudakFx]

USD/CHF:





Since the EUR/USD pair is going further downwards, the USD/CHF pair is going further upwards. The resistance level at 1.0150 has already been tested, and with the continuation of the extant bullish outlook, the resistance level could even be breached to the upside. In case that happens, the next target would be the resistance level at 1.0200.

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