Technical Analysis from www.Instaforex.com

[BudakFx]

GBP/USD:




The cable has found strong support around the accumulation territory of 1.4150, and as a result the market has begun to consolidate. This is a normal pause in the context of a strong downtrend, and when another movement resumes, it would most probably be in favor of bears. Fundamental figures, which are due to be released today, could have some impact on the market.

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[BudakFx]

USD/JPY:




This pair has already tested the demand level of 116.00. The demand level could be tested again and if that happens, the price is likely to continue trending further downwards south towards another demand level of 115.50. The price is under the EMA 56 and the RSI period 14 is under the level of 50, which means bears have an upper hand at the moment.

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[BudakFx]

EUR/JPY:





This cross moved lower, following a bullish attempt we saw yesterday. The lower movement is in conjunction with the dominant bearish bias in the market, which means that the bullish effort we saw was a good opportunity to go short. The price could reach the demand zone around 126.50.

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[BudakFx]

Technical analysis of USD/JPY for January 21, 2016 2016-01-21 0/5





USD/JPY is under pressure. Overnight, major US stock indices dived along with oil prices, but managed to finish the session well above their lows. The Dow Jones Industrial Average at one point lost over 500 points or 3.2%. While energy shares continued trading lower, healthcare and biotech stocks posted gains. Nymex crude oil slumped another 6.7% to $26.55 per barrel. The DJIA dropped 1.6% to 15,766, the S&P 500 fell 1.2% to 1,859, while the Nasdaq Composite edged down 0.1% to 4,471. Gold rose 1.3% to $1,100 an ounce, while the benchmark 10-year Treasury yield declined to 1.982% from 2.038% in the previous session. Meanwhile, USD/CAD declined 0.5% to 1.4501, the first daily drop in 2016, as Canada's central bank decided to leave the policy rate unchanged at 0.50%. At the same time, AUD/USD edged up less than 0.1% to 0.6906 and NZD/USD gained 0.3% to 0.6429. This morning the Canadian, Australian and New Zealand dollars strengthened further. The pair keeps trading on the downside while being capped by the descending 20-period (30-minute chart) moving average, which stands below the 50-period one. The relative strength index stays above the neutrality level of 50 lacking upward momentum. With such a bearish intraday outlook, the pair is expected to decline towards the first downside target at 116.20 (around the low of January 19). 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 116.20. A break of that target will move the pair further downwards to 115.95. The pivot point stands at 117.50. 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 118.10 and the second target at 118.35. Resistance levels: 118.10, 118.35, 118.75 Support levels: 116.20, 115.95, 115.45 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2016

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[BudakFx]

Technical analysis of USD/CHF for January 21, 2016 2016-01-21 0/5



USD/CHF is expected to trade in a lower range as the key resistance is seen at 1.0090. The pair remains under pressure below its nearest resistance of 1.0090, and is likely to post a new decline. Even though a continuation of the consolidation cannot be ruled out at the current stage, its extent should be limited. The relative strength index is mixed, but lacks upward momentum. The pair may re-test its nearest support level at 1.00. The risk of a slide below this threshold remains high. Our next downward target is seen at 0.9955. Trading reccomendations: 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 21, 2016 2016-01-21 0/5




NZD/USD is turning upwards hitting its strong support area around 0.6345. The 20-period moving average has clearly reversed up, and also broken above the 50-period one generating a positive signal. The relative strength index is well directed above its 70% area, which suggests that the pair may be overbought at the current stage. Nevertheless, as long as 0.6385 (our stop loss) is not broken, a further advance to 0.6475 and 0.6510 is expected. 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 0.6475 and the second target at 0.6510. In the alternative scenario, short positions are recommended with the first target at 0.6345 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 0.6300. The pivot point is at 0.6385. Resistance levels: 0.6475,0.6510, 0.6540 Support levels: 0.6345, 0.63, 0.6275 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2016

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[BudakFx]

Technical analysis of GBP/JPY for January 21, 2016 2016-01-21 0/5



GBP/JPY is expected to trade in a lower range as the key resistance is seen at 166.90. The pair stays below its key resistance at 166.90 and remains under pressure. Meanwhile, the relative strength index lacks upward momentum. The first target to the downside is set at the horizontal support and overlap at 163.95. A breakout below this level would open the way to further weakness toward 163.25. 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 163.95. A break of that target will move the pair further downwards to 163.25. The pivot point stands at 166.90. 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 168.20 and the second target at 169. Resistance levels: 168.20, 169, 169.85 Support levels: 163.95, 163.25, 162.45 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2016

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[Jeb]

Technical analysis of GBP/JPY for January 21, 2016 2016-01-21 0/5



GBP/JPY is expected to trade in a lower range as the key resistance is seen at 166.90. The pair stays below its key resistance at 166.90 and remains under pressure. Meanwhile, the relative strength index lacks upward momentum. The first target to the downside is set at the horizontal support and overlap at 163.95. A breakout below this level would open the way to further weakness toward 163.25. 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 163.95. A break of that target will move the pair further downwards to 163.25. The pivot point stands at 166.90. 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 168.20 and the second target at 169. Resistance levels: 168.20, 169, 169.85 Support levels: 163.95, 163.25, 162.45 Performed by Ahsan Aslam, Analytical expert InstaForex Group © 2007-2016

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alamak skali dia mau truun lg ka

 

[Jeb]

gu ni amik lajak ke apa nih

 

[Jeb]

Technical analysis of USD/CHF for January 21, 2016 2016-01-21 0/5



USD/CHF is expected to trade in a lower range as the key resistance is seen at 1.0090. The pair remains under pressure below its nearest resistance of 1.0090, and is likely to post a new decline. Even though a continuation of the consolidation cannot be ruled out at the current stage, its extent should be limited. The relative strength index is mixed, but lacks upward momentum. The pair may re-test its nearest support level at 1.00. The risk of a slide below this threshold remains high. Our next downward target is seen at 0.9955. Trading reccomendations: 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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