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[BudakFx]

Technical analysis of USD/CHF for January 18, 2016 2016-01-18 0/5

USD/CHF is in a process of consolidation and then it is likely to slide. The pair has struck against its falling 50-period moving average, which should continue to push prices lower. The nearest major resistance at 1.0090 maintains the strong selling pressure. Even though a continuation of the consolidations cannot be ruled out at the current stage, its extension should be limited before further decline. As long as 1.0060 holds on the upside, look for a choppy price action with a bearish bias. Our next down target is set at 1.00 and 0.9955 in extension. 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 1.00. A break of that target will move the pair further downwards to 0.9955. The pivot point stands at 1.0090. 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 1.0140 and the second target at 1.0179. Resistance levels: 1.0140, 1.0170, 1.0210 Support levels: 1.00, 0.9955, 0.99 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2016

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[BudakFx]

Technical analysis of NZD/USD for January 18, 2016 2016-01-18 0/5

NZD/USD is under pressure as Key resistance at 0.6490. The pair remains under pressure below its nearest resistance at 0.6490, and is likely to post a new drop. The 20-period and 50-period moving averages are still on the downside. Besides, the relative strength index is turning down, and has just broken below its neutrality area at 50. Last but not least, the process of lower highs and lows remains intact, therefore, as long as 0.6490 is not surpassed, the risk of the break below 0.6365 (the previous swing low) remains high. 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 0.6540. A breakout of that target will move the pair further downwards to 0.6580. The pivot point stands at 0.6490. 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 0.6420 and the second target at 0.6365. Resistance levels: 0.6540, 0.6580, 0.6610 Support levels: 0.6420, 0.6365, 0.6335 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2016

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[BudakFx]

Technical analysis of GBP/JPY for January 18, 2016 2016-01-18 0/5

GBP/JPY is expected to trade in a lower range. The pair is reversing down and stays below its key resistance at 168.25. Meanwhile, the relative strength index lacks upward momentum. The first target to the downside is set at the horizontal support and overlap at 166.20. A breakout below this level would open the way to further weakness toward 165.45. 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 166.20. A break of that target will move the pair further downwards to 165.45. The pivot point stands at 168.25. 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 169 and the second target at 169.85. Resistance levels: 169, 169.85, 170.45 Support levels: 166.20, 165.45, 165 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2016

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[BudakFx]

EUR/USD:





The condition affecting the EUR/USD pair is quite similar to the condition affecting the USD/CHF. So these two pairs must be watched closely. Just like the latter, the bias is likely to be neutral in the near term.

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[BudakFx]

USD/CHF:





The bias is neutral in the near-term because the pair has not made any strong directional movement. There are short-term upswings and downswings in the market, but a predictable directional movement is anticipated this week or next week, which would most probably favor bears.

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[BudakFx]

GBP/USD:









This currency trading instrument traded lower on Monday still showing a serious determination to a further trend downwards. In this market, long trades should not be opened; plus any rallies seen here should become selling opportunities unless a rally pushes the price upwards by at least 300 pips. This is the only situation that can threaten the bearish bias.

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[BudakFx]

USD/JPY:






USD/JPY was moving sideways on Monday. Our outlook on the market is still bearish (just as the case is on most other JPY pairs). The price is likely to continue trending further downwards this week reaching the demand levels of 116.00 and 115.50.

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[BudakFx]

EUR/JPY: \





The EUR/JPY pair moved simply sideways on Monday. The bias is bearish in the near term and we may see a breakout to the upside or the downside today owing to the expected fundamental figures, which might have impact on the markets. The events affecting the euro would surely effect this cross.

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[BudakFx]

EUR/USD:






The bias is neutral in the near term, just like in the USD/CHF pair. It might be wise to stay away from this market now. But a breakout to the upside or to the downside is likely to lead to a Bullish Confirmation Pattern or a Bearish Confirmation Pattern in the chart.

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[BudakFx]

USD/CHF:




The bias is neutral in the near-term because the pair has not performed any strong directional movement in recent times. There are short-term upswings and downswings in the market, but a predictable directional movement is anticipated this week or next week, which would most probably favor bears

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