Technical Analysis from www.Instaforex.com

[BudakFx]

The Analysis of the Market Manipulations with Gbp/Usd

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

The pound has confirmed my forecasts. And now the price is next to the resistance level of 1.5460. I will remind that the market situation is insignificant on holidays that is why today it is better to refrain from entering it. By far the pound is strengthening. After fixating above the level of 1.5460, I am predicting the uprise to the levels shown on the chart.
Trading recommendations:
-stay outside of the market



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

 

[BudakFx]

EUR/USD Technical Analysis

EUR/USD Technical Analysis. Support And Resistance Levels For September 7, 2010 2010-09-07​

Thus, here are the important intraday levels for today:

Breakout Buy level : 1.2879.
Strong Resistance : 1.2872.
Original Resistance : 1.2859.
Inner Sell Area : 1.2847.
Target Inner Area : 1.2816.
Inner Buy Area : 1.2786.
Original Support : 1.2773.
Strong Support : 1.2760.
Breakout Sell level : 1.2753.


Till the end of the trading session the US dollar was behaving reserved against other major counterparts. Though, the influence of the data on the US Non Farm Payrolls released earlier had decreased the expectations about the safe haven currency. Speculators believe that concerns over the worsening economic situation shoe that the USA did not think it will be so hard. At present the euro declined versus the US dollar and the yen. The movement was triggered by fears of the European governments and banks trying to upturn the funds for the authority to initiate some savings measures that can withstand the rehab.





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

 

[BudakFx]

USD/JPY Technical Analysis

USD/JPY Technical Analysis. Support And Resistance Levels For September 7, 2010 2010-09-07​

Today, the yen increased against the major currencies, which was caused by expectations concerning the Bank of Japan to announce a new injection of liquidity during the meeting today. However, the yen is rising amid the unclear situation as to the BOJ itself will come to understanding that market intervention is necessary to decline the quotes its currency. The Bank of Japan was hoping for success even if it makes the intervention measures without the support of other Central Banks. The Japanese economic fundamentals are forecast to impact the trade today, for example, the Core Machinery Orders, it looks like the movement of this pair will be in consolidation and it is still likely to be in a range and not too wide.

Anyway here are the significant intraday levels for this pair today:




Resistance. 3 : 84.64.

Resistance. 2 : 84..47.

Resistance. 1 : 84.31.

Support. 1 : 84.10.

Support. 2 : 83.93.

Support. 3 : 83.76.



Suggestions:


Scalping from 10 pips to 20 pips near t84.47.he 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

 

[BudakFx]

USD/CAD Candlestick Analysis

USD/CAD Candlestick Analysis for September 7, 2010 2010-09-07​

USD/CAD decreased to the area of Fibo correction of 61.8, and retraced thereafter.
Earlier on a daily chart the currency pair formed a candlestick Long Shadows, which is signaling the declining movement, and it was confirmed later.
This candlestick is developed on a rising trend after the currency pair had reached the maximum at 1.0673, where the bulls did not manage to strengthen and the bears took over.
The descending advance is also confirmed by that this candlestick has formed next to a very powerful resistance level at 1.0680, which USD/CAD cannot break through since June 2010.
Moreover, the Fibo correctional level 23.6 was successfully punctured thus confirming the viewpoint. The fact of breaking the 1.0470 level means that the pair has targeted to 1.0245.
On the other hand, if the resistance level 1.0470 if penetrated, the short positions should be closed as it will bring to the uprise to the area of 1.0680 with the following aim of 1.0900.




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

 

[BudakFx]

USD/JPY Technical Analysis

USD/JPY Technical Analysis. Support And Resistance Levels For September 8, 2010 2010-09-08​

Thus, here are the important intraday levels for today:

Resistance. 3 : 84.14.
Resistance. 2 : 83.98.
Resistance. 1 : 83.81.
Support. 1 : 83.68.
Support. 2 : 83.45.
Support. 3 : 83.28.

Suggestions:



Scalping from 10 pips to 20 pips near t84.47.he 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.

General Review

The yen hit the highest peak in 15 years versus the US dollar ahead of the publication of the Beige Book survey of businesses that is expected to show the deceleration of the economic rehab in the USA. This is a result of weak US economic recovery and many investors tend to find the refuge in the yen. The strengthening yen is now threatening the Japanese economy. The policymakers in many countries are really aware of the crisis, as submitted by the Parliamentary Secretary Cabinet Office, Keisuke Tsumura today. The yen continues to show advantage versus other major currencies, the statement from the Japanese Central bank Governor Masaaki Shirakawa shows the BOJ being not ready to intervene in response to the market speculators who are buying yen to penetrate the highest level, though under the circumstances when there is a lack of clarity about the intervention, the yen continues to uprise. But the attitude of cautiousness should be maintained if the BOJ Governor acts on the contrary to previous statements, so it does not cover this possibility precisely to test the limit to which the buyers will be pushing the yen and at that point that BOJ will be likely to act.



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

 

[BudakFx]

EUR/USD Technical Analysis

EUR/USD Technical Analysis. Support And Resistance Levels For September 8, 2010 2010-09-08​

Thus, here are the important intraday levels for today:


Breakout Buy level : 1.2755.
Strong Resistance : 1.2748.
Original Resistance : 1.2736.
Inner Sell Area : 1.2724.
Target Inner Area : 1.2694.
Inner Buy Area : 1.2664.
Original Support : 1.2652.
Strong Support : 1.2640.
Breakout Sell level : 1.2633.
General Review

The US dollar is likely to upmove versus other major currencies, though not against the Japanese yen. The prevalence of the risk attitude can be behind the strengthening of the greenback on the background of the economic concerns in the world. The problems of the European banking sector reappeared to support the declining belief in the government bonds in countries that entered the Euro area such as Portugal and Ireland. The pictures of the crisis such as the Greek budget deficit returned to the Europe. This fears made the euro decline considerably. Currently, the expected fundamentals can affect the trade, as the German production can incriminate this European single currency to rise from the pressure. It seems that the American Payroll data recovery at the end of last week have not changed the overall trend. The global economic uncertainties still cause the purchases of safe haven currencies such as the US dollar, the yen and the alpine unit, while high yield currencies such as the euro, the pound and the Aussie can get under the pressure again. The data from several leading central banks demonstrate that there have been no signals of changing the interest rates. The tightening measures will still be the choice of conservative central banks.



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

 

[BudakFx]

Market Manipulations with EUR/USD

The Analysis of the Market Manipulations with EUR/USD for September 8, 2010 2010-09-08​

The euro decreased amid the concerns about the condition of the European banks. In accordance to the technical analysis the currency was not able to puncture the resistance and reacted with a decline from the events on Friday. Now the euro is located near the strong support levels though there is no significant demand from them. Thus, if there is the growth, it will be in the form of the correction to the decreasing movement.
Trading recommendations:
-Currently we can buy short-term at signs of the escalation



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

 

[BudakFx]

Market Manipulations with GBP/USD

The Analysis of the Market Manipulations with GBP/USD for September 8, 2010 2010-09-08​

The pound did not manage to strengthen above the resistance 1.5460, thus a decrease followed, during which the nearest support levels were passed. At the moment the pound is trying to re-test the price area of 1.54. On this test the further behavior of the pair depends, if there is an abort, I wait for the renewal of the local low; if the price fixates above the mentioned levels, I expect the ascend not higher than 1.5460.
Trading recommendations:
-From the area of 1.54 with the signals of the falling for your trading system we should sell.



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

 

[BudakFx]

EUR/USD Technical Analysis

EUR/USD Technical Analysis. Support And Resistance Levels For September 9, 2010 2010-09-09​

Here is important intraday trading levels for this pair today:

Breakout Buy level : 1.2786.
Strong Resistance : 1.2780.
Original Resistance : 1.2768.
Inner Sell Area : 1.2756
Target Inner Area : 1.2726.
Inner Buy Area : 1.2696.
Original Support : 1.2684.
Strong Support : 1.2672.
Breakout Sell level : 1.2664.

Quick Review:

The success of the auction Government Bonds as well as Portugal and Poland also encourages the strengthening of the Euro. The day before investors have got nervous about the erupted banking problems in Europe. Doubt of the problem of Global Economic recovery will continue to haunt the markets.


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

 

[BudakFx]

USD/JPY Technical Analysis

USD/JPY Technical Analysis. Support And Resistance Levels For September 9, 2010 2010-09-09​

Here is intraday important trading levels for this pair today:

Resistance. 3 : 84.25.

Resistance. 2 : 84.09.

Resistance. 1 : 83.92.

Support. 1 : 83.71.

Support. 2 : 83.55.

Support. 3 : 83.38.


Suggestions:



Scalping from 10 pips to 20 pips near 184.47 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.



Quick View :

It seems Yen will continue strengthening ahead of the release the Federal Reserve's Beige Book which will describe the economic situation of 12 districts in America. Release of the Beige Book is also done before the policy meeting of the Federal Reserve (Fed) monetary policy will be reviewed September, 12. The strengthening Yen is also supported by the nation's current data-July account the outcome increase (surplus) 26%. These data confirm the yen as an investment alternative in the midst of a sluggish global economic growth, It seems Yen predicted will be still stronger the prior the state of fundamental conditions in America less supportive of measures U.S. dollar.




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