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USD/CAD Technical Analysis

USD/CAD Technical Analysis for September 2 2010-09-02​

Support Levels: 1.0470, 1.0380, 1.0244
Resistance Levels: 1.0680, 1.0858, 1.0990

On a 4-hour chart the USD/CAD pair plunged after being not able to break through the resistance level of 1.0680 again. This level is untouched since June 2010. For the moment the intraday attitude remains neutral. However, if USD/CAD will manage to break it, an uprise targeted to 1.0858 can be expected.
On the other hand, if the decrease continues, breaking through the support level of 1.0470 will make a short-term view bearish. Thereafter, if the falling keeps on, the puncture of the support level 1.0380 will aim the currency pair at 1.0244.
In a mid-term prospect, USD/CAD is likely to continue the upmove after a low at 0.9930 has been formed. Breaking through 1.0680 will confirm the remaining of an increase and also that the declining trend from 1.3063 has been punctured. In this case it is expected that the pair will soar to Fibo correctional level of 38.2 from 1.3063 to 0.9929 at 1.1126 with the next target at Fibonacci correctional level of 61.8 at 1.1866.













Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010

 

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Candlestick analysis of the AUD/USD

Candlestick analysis of the AUD/USD pair for September 2 2010-09-02​

AUD/USD keeps uprising. Breaking through 0.9083 and the Fibo correctional level of 61.8 denotes that AUD/USD is targeted to 0.9170.
Earlier on a 4-hour chart the pair has formed a combination of candlesticks Morning Star, thus signaling the uprising movement.
This combination of candlesticks has developed near 0.8770, where the bulls have become stronger and a recoil after falling happened. The ascend is also shown by that the Morning Star is located next to the lower limit of the rising trend (daily chart).
Passing the mark 0.8890 and Fibo correctional level of 23.6 means that this viewpoint is correct.
It is recommended to place the stop orders slightly below 0.8860 as breaking through this level will denote the puncture of the escalating trend.




Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010

 

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The US Stock Market Outlook for September 1, 2010

The US Stock Market Outlook for September 1, 2010​

On Wednesday, the trading session in the USA ended by a soar of stock indices. The market started September from a positive sentiment after the data on the US manufacturing which exceeded the expectations. 
Dow Jones Industrial Average increased by 254.75 points or by 2.54% to 10269.47 points. Nasdaq Composite upturned by 62.81 points or by 2.97% to 2176.84 points. Standard & Poor's 500 soared by 30.96 points or by 2.95% to 1080.29 points.
Among the leaders of the advance was the Bank of America, having added $0.76 or 6.1% to $13.21. The rates of Caterpillar stocks escalated by $3 or by 4.6% to $68.16 and J.P. Morgan gained $1.38 or by 3.8% to $37.74.
The upmove on the stock market followed the release of the report of the ISM which demonstrated an unexpected rehab of the activity in the manufacturing sector of the USA in August, accompanied by a surge in employment. Earlier the encouraging data on the Chinese manufacturing were published. These readings differed significantly from the recent pessimistic economic data and they supported the market eager to see the ray of hope after the most unfavorable August since 2001.
However, in the indicators announced on Wednesday there were some weak points. The US Department of Commerce informed about the decrease in construction expenses in July to the lowest level in 10 years, and Automatic Data Processing submitted that the number of private sector jobs in the USA reduced in August by 10,000. However, the investors left these data unnoticed since the news from the manufacturing sector are likely to have caused the euphoria on the market.




Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010

 

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EUR/USD Technical Analysis. Support And Resistance Levels For September 3, 2010 2010-09-03​

The European common currency is predicted to uprise versus the US dollar to $ 1.2850 ahead of the publication of the US data on non-farm payment. Though, a soar is not expected as investors as a rule do not buy much before the releases of important US economic indicators. The euro is slightly stronger against the US dollar as it is supported by the economic reports from the euro area and decisions taken by the European Central Bank (ECB), which raised the estimated growth and inflation.


The important intraday levels for today are:

Breakout Buy level : 1.2876.
Strong Resistance : 1.2868.
Original Resistance : 1.2856.
Inner Sell Area : 1.2843.
Target Inner Area : 1.2813.
Inner Buy Area : 1.2782.
Original Support : 1.2770.
Strong Support : 1.2757.
Breakout Sell level : 1.2750.












Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2010

 

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USD/JPY Technical Analysis. Support And Resistance Levels For September 3, 2010 2010-09-03​

On Thursday, the US dollar declined versus other major counterparts amid the release of the US economic data which urged the investors to buy risking. However, some other investors are still concerned about the situation on the labor market, where the payroll data is due today. Thus, the trading on rising and declining become attractive. The expectations of the important data from the US Non Farm Payrolls today are a major factor of the trades’ volume decrease. However, taking into account the movements on Asian and European markets the US dollar is still projected to move towards in major consolidation of the other currency in a ranging situation.
The important intraday levels for today are:



Resistance. 3 : 84.79.

Resistance. 2 : 84.63.

Resistance. 1 : 84.46.

Support. 1 : 84.25.

Support .2 : 84.09.

Support .3 : 83.92.

Suggestions:


Scalping from 10 pips to 20 pips near the Support. 3 for BUY and the Resistance. 3 for SELL; but please, pay attention, that if this pair is still moving for 47– 50 pips after breaking through the Support. 3 or the Resistance. 3, then it is likely to continue the advance, so please, change the position beforehand.






Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2010

 

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USD/CHF technical analysis and trading recommendations for September 3, 2010 2010-09-03​

4-



Overview:
The sell signal is continuing, it is strong and confirmed as the price is located below the Ishimoku cloud and the Kijun-Sen with Chinkou Span are also below the price curve. At the moment, the target of the declining movement is 1.0090 – the second support level. If this level is passed, the next target of the decreasing movement will be the third support level of 0.9956. If the price strengthens above the Kijun Sen (1.0190), the current signal will weaken and the short positions then should be narrowed. The Chinkou Span stays under the price graph which confirms the current sell signal. The Bollinger Bands demonstrate the descending movement as the lines are converging and directed downwards, thus showing the continuation of the falling trend. The MACD is upturning which is by far signaling the correction continuation.




Trading recommendations:
currently, the declining trend is aimed at 1.0090, and then at 0.9956. The stop loss should be placed above 1.0190. Enter the market after the MACD reverse downwards.

It is important to consider not only the technical figures but also the fundamental data and the time of their release.


The chart annotation:
Ishimoku indicator:
Tenkan-sen — red line
Kijun-Sen — blue line
Senkou Span A — light brown stipple line
Senkou Span B — light purple stipple line
Chinkou Span — green line
Bollinger Bands indicator:
3 yellow lines
MACD indicator:
The red line and the histogram with the white bars in the indicators window.





Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2010

 

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USD/JPY Technical Analysis

USD/JPY Technical Analysis. Support And Resistance Levels For September 6, 2010 2010-09-06​

The Governor of the Bank of Japan Shirakawa Maasaki plans to postpone the injection of 10 trillion yens into the banking sector of Japan on 6th to 7th September 2010, where due to the strengthening of the yen rate versus the US dollar caused the falling of the stock prices in Tokyo. Another influence on the pair have the earnings of the Vendor-Japanese exporters which are receiving the profit denominated in the US dollars.
Thus, here are the important intraday levels for today:

Resistance. 3 : 84.81.

Resistance. 2 : 84.65.

Resistance. 1 : 84.48.

Support. 1 : 84.27.

Support. 2 : 84.11.

Support. 3 : 83.94.



Suggestions:


Scalping from 10 pips to 20 pips near the Support. 3 for BUY and the Resistance. 3 for SELL; but please, pay attention, that if this pair is still moving for 47– 50 pips after breaking through the Support. 3 or the Resistance. 3, then it is likely to continue the advance, so please, change the position beforehand.





Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2010

 

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EUR/USD Technical Analysis

EUR/USD Technical Analysis. Support And Resistance Levels For September 6, 2010 2010-09-06​

The market players yesterday saw that the unemployment data from the USA had improved slightly, thus, in August 2010 the unemployment decreased by 6000 claims. However, total unemployment in the United States is still quite high demonstrating the distortions in the economy of the country. As a result, EUR / USD after the release of the Non-Farm Payroll data uprose to 1.2897. the forecast for today is that EUR / USD seems to hit the level of 1.2900 with a target of between 1.2920 to 1.2950, but if those levels are not successfully broken through, then this currency is likely to reverse to the area of 1.2820-1.2850. Besides that, the US dollar depressed into its lowest level in two weeks versus the euro ahead of the release of economic data on the momentum of recovery in Germany, which is predicted to improve.

Thus, here are the important intraday levels for today:

Breakout Buy level : 1.2949.
Strong Resistance : 1.2941.
Original Resistance : 1.2929.
Inner Sell Area : 1.2917.
Target Inner Area : 1.2886.
Inner Buy Area : 1.2856
Original Support : 1.2843.
Strong Support : 1.2831.
Breakout Sell level : 1.2823.








Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2010

 

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The Analysis of the Market Manipulations with EUR/USD

The Analysis of the Market Manipulations with EUR/USD for September 6, 2010. 2010-09-06​

The euro has reached the level of 1.2890 amid the forecast by me positive report on non-farm payrolls in the USA. Today hardly any changes should be expected, as it is a bank’s holiday in the USA. I recommend to stay outside of the non-liquid market and to follow the further reaction of the market on the statistics published on Friday. After penetrating through the resistance level of 1.29 I expect the upturn by 50 pips. In case of the recoil the support can be place at: 1.2860, 1.2820. The cancelation of the upmoving trend and the beginning of the correction can be confirmed by a break through the trend line.
Trading recommendations:
-stay outside of the market



Performed by Alexey Portnov, Analytical expert
InstaForex Companies Group © 2007-2010

 

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USD/CHF Candlestick Analysis

USD/CHF Candlestick Analysis for September 6, 2010 2010-09-06​

On a daily chart the USD/CHF pair has formed the candlestick called Doji, thus signaling the uprising movement.
This candlestick shows that the currency pair was declining for the last few weeks but it reversed after it did not manage to break through 1.0067. This means that the bears were not able to strengthen here and the bulls took the leadership.
If the USD/CHF pair punctures the correctional level of Fibo 23.6, it will denote that this viewpoint is correct. Then the puncture of the resistance level of 1.0642 and the correctional level of 38.2 will target the pair to the area of 1.1105 - 1.1140.
if the currency pair reverses and breaks through the support level of 1.0067, long positions should be closed as it will aim USD/CHF at 0.9913.



Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010