Technical Analysis from www.Instaforex.com

[BudakFx]

Technical analysis of the USD/CAD for December 20, 2010 2010-12-20​

Support levels: 1.0000, 0.9980, 0.9930
Resistance levels: 1.0167, 1.0290, 1.0380

On a 4-hour graph the USD/CAD is trading near the upper limit of the established range. Earlier the USD/CAD rebounded from the support level of 1.0000, which is also a bottom of a wide trading range.
The uprising movement is supported by the fact that on a 4-hour chart the MACD divergence appeared. As it was mentioned before, if the USD/CAD breaks through the level of 1.0290, then this will lead to uprising movement with a target to 1.0380. The breakthrough of 1.0380 will mean that a pullback from 1.0680 ended and further advance should be expected. Moreover, a breakout of 1.0380 will indicate the formation of “Triple Bottom”.
Nonetheless, a breakthrough of support level of 0.9980-1.0000 will allow the pair to reach the 0.9930 level.
In a midterm, the currency pair will probably remain within the bounds of its wide range between 1.0000 and 1.0750-1.0850. In case the reversal takes place, then the breakout of 1.0680 will confirm the end of consolidation and that the downtrend from 1.3063 is breached. In this case it is forecasted that the USD/CAD will move up to the Fibonacci correction level 38.2 from 1.3063 to 0.9929 at 1.1126 with the next target to the Fibonacci correction level 61.8 at 1.1866.





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

 

[BudakFx]

Candlestick analysis of the GBP/USD for December 20, 2010 2010-12-20​

On a 4-hour graph the GBP/USD is testing the support level of 1.5500. Earlier the currency pair dropped sharply after it after it failed to break out the resistance level of 1.5900. In case the support level of 1.5500 is broken through the downside movement with the target to 1.5300 is expected. The viewpoint is still bearish, since earlier the pair has formed the combination of candlesticks Bearish Engulfing, which indicates the downside movement, confirmed further.
This combination of candlesticks developed after the currency pair could not break out the resistance level near 1.6085-1.6096, which means that the bulls did not manage to solidify here and the bears started increasing their influence.
A breakthrough of 1.5841 means that this point of view is correct.





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

 

[haudli]

Candlestick analysis of the GBP/USD for December 20, 2010 2010-12-20​

On a 4-hour graph the GBP/USD is testing the support level of 1.5500. Earlier the currency pair dropped sharply after it after it failed to break out the resistance level of 1.5900. In case the support level of 1.5500 is broken through the downside movement with the target to 1.5300 is expected. The viewpoint is still bearish, since earlier the pair has formed the combination of candlesticks Bearish Engulfing, which indicates the downside movement, confirmed further.
This combination of candlesticks developed after the currency pair could not break out the resistance level near 1.6085-1.6096, which means that the bulls did not manage to solidify here and the bears started increasing their influence.
A breakthrough of 1.5841 means that this point of view is correct.





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

Analisa dari pakar Instaforex...xharus disia siakan..

 

[BudakFx]

USD/JPY Technical Support & Resistance for December 23rd/2010 2010-12-23​

TODAY TECHNICAL LEVEL :

Resistance. 3 : 83.84.
Resistance. 2 : 83.67.
Resistance. 1 : 83.51.
Support. 1 : 83.30.
Support. 2 : 83.14.
Support. 3 : 82.97.
TODAY OUTLOOK :

After the USD/JPY succeeded to breakout and close below the 83.50, this pair now try to reach the 83.25 as a first target and the 83.00 as a second target, however if the mark 83.00 can act as a strong support level for today, it will cause the USD/JPY to reverse up again especially if this pair hits itsToday Support. 3 at 82.97. Please pay attention for the 83.25 level, if the pair can easily break out and close above that level, it will cause it to reach the 83.50 as a first target and the 83.75 as a second target (if the momentum is not drained during the Christmash holiday session). Nevertheless, please pay attention to today’s Resistance. 3 and today’s Support. 3, usually after reaching one of these levels the USD/JPY reverses between 10 pips to 20 pips. If the pair 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.
TODAY RECOMENDATION FOR USD/JPY :

BUY at 83.62 Set the Take Profit betwen 10 pips to 15 pips.

SELL at 83.42; Set the Take Profit betwen 10 pips to 15 pips.



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

 

[BudakFx]

EUR/USD Technical Support & Resistance for December 23rd/2010 2010-12-23​

TODAY EUR/USD TECHNICAL LEVEL :

Breakout Buy level : 1.3168.
Strong Resistance : 1.3160.
Original Resistance : 1.3148.
Inner Sell Area : 1.3135.
Target Inner Area : 1.3104.
Inner Buy Area : 1.3073.
Original Support : 1.3060.
Strong Support : 1.3047.
Breakout Sell level : 1.3039.
TODAY OUTLOOK :

Since early morning the EUR/USD has already been trading in the ranging situation betwen 1.3100 and 1.3125; if it manages to break out and close below 1.3200 will cause this pair to go down to 1.3075 as a first target and 1.3150 as a second target, on the other hand if this pair can breakout and close above 1.3125 will make the EUR/USD to catch 1.3150 as a first target and 1.3175 as a second target.
TODAY SUGGESTION TRADE FOR THE EUR/USD :

BUY at 1.3155; set for the Take profit betwen 10 pips to 20 pips.

SELL at 1.3053; set for the Take profit betwen 10 pips to 20 pips.





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

 

[BudakFx]

Candlestick analysis of the GBP/USD for December 23 2010-12-23​

On a 4-hour graph the GBP/USD has continued its downside movement with target to 1.5300. At present, the GBP/USD is bouncing off 1.5355. Earlier the pair dropped strongly after it failed to break out the resistance level of 1.5900.
The viewpoint is still bearish as the pair formed the combination of candlesticks Bearish Engulfing which indicates the decline, confirmed further.
This combination of candlesticks developed after the currency pair could not break through the resistance level near 1.6085-1.6096, which means that the bulls did not solidify here, Further the bears started increasing their influence.
A breakthrough of 1.5841 means that this point of view is correct.




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

 

[BudakFx]

EUR/USD Intraday Technical analysis 2010-12-23​

The spot rates approach the upper limit of its medium-term downtrend channel to 1.3170 suggesting a decline in the short term. However a breakout of these levels would initiate 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 1.3170 with a 1st objective of 1.3260, then 1.3280. A break in 1.3140 would invalidate this scenario.

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

 

[BudakFx]

GBP/USD Intraday Technical analysis 2010-12-23​

The spot rate approach to resistance through its medium-term downtrend channel to 1.5450. A break of this zone would allow it to reach the upper limit of this channel to 1.5500.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5450 with a 1st objective of 1.5500, then 1.5530. A break in 1.5420 would invalidate this scenario.

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

 

[BudakFx]

GOLD Intraday Technical analysis 2010-12-23​

Gold rebounded on the lower limit of its short-term bullish channel at 1383 and is approaching its resistance to 1390. A break in that area would free up significant potential and reach the upper limit of its channel in 1398.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1390 with a 1st objective of 1398, then 1407. A break in 1388 would invalidate this scenario.


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

 

[BudakFx]

USD/JPY Intraday Technical analysis 2010-12-23​

The spot rate is currently testing the lower limit of its short term downtrend channel at 83.00 suggesting a rebound in the short term. However a break in this area would begin a downward trend more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 83.00 with a 1st objective of 83.40, then 83.60. A break in 82.80 would invalidate this scenario.

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