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EUR/USD Technical Analysis. Support And Resistance Levels For October 25, 2010 2010-10-25​

Breakout Buy level : 1.4031.
Strong Resistance : 1.4023.
Original Resistance : 1.3957.
Inner Sell Area : 1.4009.
Target Inner Area : 1.3995.
Inner Buy Area : 1.3962.
Original Support : 1.3915.
Strong Support : 1.3901.
Breakout Sell level : 1.3893.



Today, after the EUR/USD broke through 1.4025 level, its seems this pair tries to reach 1.4075 level. If this level is breached the pair will go up to 1.4125 level. Nevertheless, if the pair does not break through this level today, the EUR/USD will move downside to 1.4025 level area until to 1.4000.



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

 

[BudakFx]

The USD/JPY technical analysis and trading recommendations for October 25 2010-10-25​

4-hour timeframe




Overview:
The sideways movement continues. New sell signal has formed; however, the Bollinger Bands converged, indicating the flat. Until the lines start to diverge, the Ishimoku signals can be ignored. In case the lines diverge down and current signal is presented, the targets for the downside movement will be the support level s of 80.30 and 79.76. If the Bollinger Bands diverge up, it is recommended to wait for the sell signal. The Bollinger Bands show the sideways motion, the lines converge and directed sideways. The MACD is descending, pointing to the current downtrend within the framework of the sideways channel.

Trading recommendations:
Currently, it is recommended to wait until the Bollinger Bands start to diverge.

In addition to technical image, one should take into account 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

 

[BudakFx]

The EUR/USD technical analysis and trading recommendations for October 25 2010-10-25​

4-hour timeframe



Overview:
New buy signal has formed, the Bollinger Bands converged and directed sideways, thus indicating the flat at present. In this case, until the lines are not diverging the Ishimoku signals can be ignored. In case the lines start to diverge and directed up, the signal will be confirmed, since the price has already fixated above the Ishimoku cloud. If the Bollinger Bands start to diverge down, it is recommended to wait for the sell signal. In first case, the target for the price movement will be the level of 1.4252, the trading can start after the price fixates above the first resistance level of 1.4102. In the second case – 1.3750. The Chinkou Span is above the price chart confirming the current buy signal. The Bollinger Bands show the sideways movement, the lines are directed sideways and converged. The MACD is ascending, thus indicating the uprising movement within the bounds of the sideways trend.

Trading recommendations:
Currently, it is recommended to wait until the Bollinger Bands start to diverge and after to trade with the targets mentioned above.

In addition to technical image, one should take into account 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

 

[BudakFx]

The candlestick analysis of the EUR/GBP 2010-10-25​

The EUR/GBP currency pair closed up last week. At present, the pair tests the Fibonacci correctional level 50.0. The fact that the EUR/GBP had breached the Fibonacci correctional level 38.2 means that the pair will test the resistance level of 0.9160 soon, where the Fibonacci correctional level 61.8 is.
Earlier on a weekly graph, the EUR/GBP formed Hammer candlestick that is a bullish signal. The uprising movement is supported by the fact that this candlestick emerged near the support level of 0.8070, where the bears did not fixate and the bulls started to increase their influence and a rebound happened.
This candlestick points to the fact that the currency pair was declining after failed attempt to break through the resistance level of 0.9411. However, having come closer to 0.8067 it turned back.
The fact that the EUR/GBP has successfully breached the Fibonacci correctional level 23.6 confirms this viewpoint.
On the other hand, the long positions should be cut if the support level of 0.8070 is broken through, as it will lead to the mark of 0.7693 (October low 2008).




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

 

[BudakFx]

The AUD/USD candlestick analysis for 25/10/2010 2010-10-25​

On a 4-hour chart, the AUD/USD currency pair continues to trade in the uptrend. If the pair breaks through the resistance level of 1.00, then the growth to 1.05 is expected.
Earlier on a 4-hour graph, the AUD/USD had formed the combination of candlesticks Morning Star, thus denoting the uprising movement.
This combination of candlesticks emerged near the mark of 0.8770 where the bulls started to increase their influence and a rollback after the downside movement took place. Since Morning Star formed near the lower limit of the uptrend (daily chart) comes in favor of the uprising movement. This combination of candlesticks provided a good opportunity to open long positions.
The stop orders should be set slightly below 0.9657, as the breakthrough of this mark will demote the breakout of the uptrend.



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

 

[BudakFx]

http://instaforex.com/forex_analysis/16766/​

4-hour timeframe




Overview:
The situation looks like the beginning of the uptrend. New buy signal with the target at 83.00 has formed, the Bollinger bands started to diverge. This signal is confirmed, however, yesterday the price moved to Ishimoku cloud, so the signal is not strong yet. The current target for the uprising movement is the first resistance level of 81.90 and further 82.44. In order to trade up it is recommended to wait for the price fixation above the first resistance level of 81.90. At present, the movement can be characterized as correction. If the price fixates below the Kijun-Sen (81.20), this will denote the weakening of the buy signal. The Chinkou Span is above the price graph, indicating the bullish sentiment. The Bollinger bands show the beginning of the upward tendency, the lines are diverging and directed up. The MACD is descending testifying about the current downside correction.

Trading recommendations:
Currently, it is recommended to trade up with the target to 82.44. Stop Loss is set below 81.20. We enter the market with long positions after the MACD reverses up.

In addition to technical image, one should take into account 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

 

[BudakFx]

Candlestick analysis of the AUD/USD 2010-10-28​

The AUD/USD consolidates near the parity level. In case the resistance level of 1.00 is broken through, the uprising movement to 1.05 is expected.
Earlier at a weekly chart, the AUD/USD has formed the bullish combination of candlesticks Bullish Engulfing, which indicates the upward movement.
The uprising motion is confirmed by the fact that this combination of candlesticks appeared on the uptrend after the rebound from the support level of 0.8066 and Fibonacci correction level 38.2, where the bulls started to increase their influence.
This combination of candlesticks shows that the currency pair was declining after the failed attempt to break out the resistance level of 0.9394. However, having come closer to 0.8066 it reversed.
The fact that the AUD/USD has successfully breached the mark of 0.8855 confirms this point of view.
The long positions should be closed in case the support level of 0.9400 is broken through, as it will lead to increase to 0.8765.




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

 

[BudakFx]

The USD/CAD technical analysis for 28/10/2010 2010-10-28​

Support levels: 1.0076, 0.9980, 0.9930
Resistance levels: 1.0385, 1.0511, 1.0680

At 4-hour graph the USD/CAD moves upward to the resistance level of 1.0385. A breakthrough of this mark will mean that the rollback from 1.0680 is finished and further advance is expectable. The MACD and RSI divergence on a 4-hour chart comes in favor of this situation.
If the USD/CAD reverses and breaches the support level of 1.0076, then the decline to 0.9980 with the next target at 0.9930 is expected.
In a midterm, the consolidation from 1.0855 has not been finished yet another low should be awaited. Nevertheless, in case of the reversal, the breakout of 1.0680 will confirm the end of the consolidation as well as that the downside movement from 1.3063 is broken through. In this case, it is expected that the USD/CAD will move up to Fibonacci correction level 38.2 from 1.3063 to 0.9929 at 1.1126 with the next target to Fibonacci correction level 61.8 at 1.1866.




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

 

[BudakFx]

Candlestick analysis of the EUR/USD for 28/10/2010 2010-10-28​

The EUR/USD currency pair makes a small rollback after a sharp fall. Nevertheless, the sight on the currency pair remains bearish. As it was pointed out earlier amid breaking through the support level at 1.3696 then the downward movement is possible with the target at 1.3382, where Fibonacci correction level 50.0 is fixed.

Earlier at 4-hour graph the EUR/USD has formed the Shooting Star candlestick which comes as a bearish signal.

This candlestick was formed at an upside trend. However, near the January maximum of 2010 the "bears" started increasing their influence and a rollback took place.
A break through of Fibonacci correction level 23.6 and the support level at 1.3777 means that the up-going trend is overcome and that this supposition is correct. In favor of the down-going comes the fact that at a day graph the EUR/USD shaped the Dark Cloud Cover candlestick combination.
In addition, at 4-hour graph "Head and Shoulders" figure is probably forming. A break through of the "Neck" will be a confirmation.
On the other hand, if the resistance level 1.4079 will be broken through then short positions should be closed, as it will lead to a rise to 1.4157.



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

 

[BudakFx]

EUR/USD Technical Analysis. Support And Resistance Levels For October 29, 2010 2010-10-29​

Breakout Buy level : 1.4009.
Strong Resistance : 1.4000.
Original Resistance : 1.3987.
Inner Sell Area : 1.3974.
Target Inner Area : 1.3941.
Inner Buy Area : 1.3908.
Original Support : 1.3895.
Strong Support : 1.3882.
Breakout Sell level : 1.3873.



Today the EUR/USD will try to move from 1.3875 to 1.3867 level; after hit that level, this pair has a possibility to go up again to the mark of 1.3925 as a target. 1 and 1.3975 as a target. 2 before going back to 1.4000 level. Nevertheless, if the EUR/USD breaks through 1.3867 level and moves downside, this pair will try to reach the Fibonacci Support 50% at 1.3842, and 1.3816 (Fibonacci Support 61.8%).



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