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GOLD Intraday Technical analysis 2010-12-15​

The gold came to test the resistance through its medium term bullish channel at 1408 and appears to initiate a withdrawal. A look back at the lower limit of its channel to 1379 is feasible in the short term.

According to previous events, the market indicates a bullish opportunity on the levels of 1379 with a 1st objective of 1392, then 1406. A breakthrough of 1377 will change the observed situation.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2010

 

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USD/JPY Technical Analysis. Support And Resistance Levels For December 15, 2010 2010-12-15​

Today Technical Level :

Resistance. 3 : 84.32.
Resistance. 2 : 84.15.
Resistance. 1 : 83.99.
Support. 1 : 83.78.
Support. 2 : 83.62.
Support. 3 : 83.45.

Today Outlook :

Today, the USD/JPY will be traded between the 83.75 level and the 84.00 level. A breakout and closing above the mark of 84.00 will allow this pair to rise to 84.25 as a first target and to 83.50 as a second target. In the other hand, if the USD/JPY breaks down and closes below 83.75 level, then the pair will probably reach 83.50 as a first target and 83.25 as a second target. However, please pay attention to today’s Resistance. 3 and today Support. 3, usually after reach this level the USD/JPY will reverse between 10 pips to 20 pips, but if the pair after reaches one of these levels and still goes more than 50 pips in the chosen direction, then this will denote that the USD/JPY has found its tendency for today.



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

 

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EUR/USD Technical Analysis. Support And Resistance Levels For December 15, 2010 2010-12-15​

Today Technical Level :

Breakout Buy level : 1.3419.
Strong Resistance : 1.3411.
Original Resistance : 1.3398.
Inner Sell Area : 1.3385.
Target Inner Area : 1.3353.
Inner Buy Area : 1.3321.
Original Support : 1.3308.
Strong Support : 1.3295.
Breakout Sell level : 1.3287.

Today Outlook :

Yesterday, the mark 1.3450 served as a strong resistance level for the EUR/USD. After hit this level, the EUR/USD cannot stay longer at that level, so the pair came back to Downside situation. Today, this pair will be traded according to Bearish situation. It seems the EUR/USD will try to reach the level of 1.3300. If the pair breaks down and closes below this level, then the mark of 1.3275 will be a first target for this pair and the 1.3250 will be a second target. On the other hand, if the pair cannot break the level of 1.3300, please be ready since the pair can break out and close above 1.3325. In case of such situation the pair will probably go up to 1.3350 as a first target and to 1.3375 as a second target today.



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

 

[BudakFx]

Candlestick analysis of the AUD/USD for December 15 2010-12-15​

The AUD/USD has successfully broken through the resistance level of 0.9965, and now is pulling back. A breakout of this mark means that the currency pair is targeted to the year’s high of 1.0182.
Earlier on the daily chart the AUD/USD has developed the combination of candlesticks Bullish Engulfing, which indicates the uprising movement, confirmed further.
These candlesticks formed near the support level of 0.9537, where the bulls started to increase their influence and a pullback took place after the downside motion. This combination of candlesticks provided a good opportunity to open long positions.
A breakthrough of the resistance level of 0.9710 confirms this point of view. However, in case the reversal happens and the AUD/USD breaks through the support level of 0.9710, then short positions should be closed, as it will lead to the further decline to 0.9537.





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

 

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Candlestick analysis of the USD/CHF for December 15 2010-12-15​

On a 4-hour graph the USD/CHF currency pair fell to support level of 0.9547 and started to pull back.
The viewpoint on the currency pair is still bearish, since earlier the USD/CHF has formed the combination of candlesticks Falling Three Methods, which indicates the downside movement.
This combination of candlesticks shows that the USD/CHF demonstrated the uprising motion during a couple of weeks, but the pair rebounded after it failed to break through the level of 1.0066. This means that the bulls did not manage to fixate here and the bears started increasing their influence. The downside movement is supported by the fact that the pair has broken through the line of uprising trend.
A breakthrough of support level of 0.9850 means that this point of view is correct. The breakout of 0.9547 will target the currency pair to 0.9462.
It is recommended to place the stop orders slightly above 0.9916, as the breakout of this level will target the pair to 1.000066.






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

 

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EUR/USD Intraday Technical analysis 2010-12-16​

The spot rate is currently testing the lower limit of his bullish channel at 1.3200 suggesting a rebound in the short term. However a break out of this area would lead to a downward acceleration.

According to previous events, the market indicates a bullish opportunity on the levels of 1.3200 with a 1st objective of 1.3310, then 1.3370. A breakthrough of 1.3170 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

GBP/USD Intraday Technical analysis 2010-12-16​

The spot rate is testing the lower limit of its medium-term bullish channel at 1.5530 suggesting a rebound in the short term. However a breakthrough of this zone would result in an acceleration towards its short term support at 1.5320.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5530 with a 1st objective of 1.5630, then 1.5660. A breakout of 1.5500 will change the observed situation.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

GOLD Intraday Technical analysis 2010-12-16​

Gold is currently testing the lower limit of its medium-term bullish channel at 1379. A rebound is possible on these levels. However a breakout of this area would entail a downward trend in violence.

According to previous events, the market indicates a bullish opportunity on the levels of 1379 with a 1st objective of 1392, then 1406. A breakthrough of 1377 would invalidate this scenario.


Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

USD/JPY Intraday Technical analysis 2010-12-16​

The spot rates approaches the upper limit of its medium-term downtrend channel at 84.50. A breakout of this area would free a significant potential and begin an upward trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 84.50 with a 1st objective of 85.10, then 85.30. A breakthrough of 84.30 will change the observed situation.


Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

USD/JPY Technical analysis, Support and Resistance Levels for December 16, 2010 2010-12-16​

Today Technical Level:

Resistance. 3 : 84.61.
Resistance. 2 : 84.44.
Resistance. 1 : 84.28.
Support. 1 : 84.07.
Support. 2 : 83.90.
Support. 3 : 83.73.

Today Outlook:

After this pair broke through and closed above the 84.25 level yesterday, it seems the USD/JPY will re-test again the 84.00 level. If this pair breaks out and closes below the mark of 84.00, then the pair will probably move to 83.75 as a first target and to 83.50 as a second target. In the other hand, if this pair breaks through and closes above the 84.50 level, then the USD/JPY will move upside again to 84.75 as a first target and to 85.00 as a second target. However, please pay attention to today’s Resistance. 3 and today Support. 3, usually after reach this level the USD/JPY will reverse between 10 pips to 20 pips, but if the pair after reaches one of these levels and still goes more than 50 pips in the chosen direction, then this will denote that the USD/JPY has found its tendency for today.

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