Wave Analysis by InstaForex

[InstaForex Gertrude]

Dear forum members,

Me and my colleagues are going to provide you with the latest analysis reviews. Please, follow our analysis and you will be informed about Forex. Hope, our reviews will help you to increase the efficiency of your trading.

The source is instaforex.com.

[InstaForex Gertrude]

Technical analysis of GBP/CHF for September 08, 2014

Technical outlook and chart setups:

1. The GBP/CHF pair is seen to be bouncing lower from the line of resistance here. As expected, the pair has reversed from 1.5250/75 levels last week and has also re-tested the same. Currently trading at 1.5100/10 levels, the pair is expected to continue drifting lower to the 1.4900 and subsequently to 1.4800 levels. On the flip side, only a push above 1.5350 levels would be of concern to bears.

2. Support is seen at 1.4960, followed by 1.4760 levels and lower while resistance is seen at 1.5350/60, followed by 1.5430/50 respectively.

3. The structure indicates that GBP/CHF could remain in control of bears till 1.49/1.48 levels at least.

Trading recommendations:
Remain short for now, stop at 1.5350, target is 1.4800 levels.

More analysis - at instaforex.com

[InstaForex Gertrude]

Technical analysis of EUR/JPY for September 09, 2014

Technical outlook and chart setups:

The EUR/JPY bulls responded well at the back side of resistance turned support line yesterday, as expected. The pair has now produced a bullish reversal candlestick pattern as seen on the daily chart view here and prices and prices pushed ahead up to 137.00 mark before closing at 136.80 yesterday. It looks like the bulls are back in control and should continue dragging prices higher up towards 139.80 and subsequently also through 141.30/40 levels. Support is now seen at 136.00/135.80 levels, while resistance is fixed at 138.20 (interim), followed by 139.20, and 140.10 respectively. The structure for now, reveals that bulls remain in control, bottom line remains that 135.80 should hold well.

Trading recommendations:

Remain long for now, stop just below 135.80, target 139.80 at least.

More analysis - at instaforex.com

[InstaForex Gertrude]

Technical analysis of USD/JPY for September 11, 2014

In Asia, Japan will release the BSI Manufacturing Index. Besides, the US will also release some economic data such as Natural Gas Storage and 30-y Bond Auction. So, there is a big probability the USD/JPY pair will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:
Resistance. 3: 107.25.
Resistance. 2: 107.04.
Resistance. 1: 106.83.
Support. 1: 106.58.
Support. 2: 106.37.
Support. 3: 106.16.

More analysis - at instaforex.com

[InstaForex Gertrude]

Intraday trading recommendations for Gold for September 15, 2014

The yellow metal drifted to a 5-month low, trading near support zone. The metal lost its shine by rising expectations that the US Federal Reserve will raise the interest rates rather earlier than later. The metal has a minor support zone between $1,225 (80.0 fib level) and $1,217 levels. Currently in Pacific session, the metal is trading at $1,225.50 level near the support zone. We recommend fresh selling only below $1,225 or $1,217 (safe trades). Risky traders can buy using sl $1,217 at cmp $1,225.50 for an upside target at $1,231, $1,234, $1,237 and $1,240 levels. The metal has intraday resistance at $1,235, $1,239, $1,242 and $1,248. Strong up move we can see only above $1,248 on a weekly basis.

More analysis - at instaforex.com

[InstaForex Gertrude]

Technical analysis of Silver for September 16, 2014

Technical outlook and chart setups:
Silver has been in a broad consolidation range since June 2013 as depicted on the weekly chart view here. The consolidation type has been decreasing resistance ( $25.10, $22.70, $21.60) and constant support ( $18.20/50). Normally such consolidation ranges break lower, hence it is recommended to enter long positions only after confirmed reversal signal appearance around the support levels. The metal is currently trading at $18.69 levels and might be preparing to produce bullish reversal signal. Please note that support is at $18.20/50 while resistance begins from $20.00 levels.

Trading recommendations:
Flat for now, looking to initiate long positions on reversal.

More analysis - at instaforex.com

[InstaForex Gertrude]

Technical analysis of USD/JPY for September 17, 2014

In Asia, Japan will not release any economic data and the US will release some economic data such as CPI m/m, Core CPI m/m, Current Account, NAHB Housing Market Index, Crude Oil Inventories, Federal Funds Rate. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with medium volatility during the US session.
TODAY TECHNICAL LEVELS:
Resistance. 3: 107.80.
Resistance. 2: 107.59.
Resistance. 1: 107.38.
Support. 1: 107.12.
Support. 2: 106.91.
Support. 3: 106.70.

More analysis - at instaforex.com

[InstaForex Gertrude]

Technical analysis of Silver for September 18, 2014

Technical outlook and chart setups:
Silver remains in control of the bears, around $18.50 levels for now, as depicted here on the weekly chart view. As seen here, the support line of the overall consolidation is passing through the current levels and it is a make or break situation around $18.20/50 levels. RSI is hinting towards a potential bullish divergence at 34.00 levels (not seen here). A bullish reversal at current levels should be extremely favorable for bulls. Immediate support is at $18.20 while immediate resistance is the $18.80/90 level, followed by $19.90 respectively.It is yet recommended to remain flat and await a reaction here on the support line of consolidation.
Trading recommendations:
Remain flat for now, look to go long on confirmation.

More analysis - at instaforex.com

[InstaForex Gertrude]

Intraday trading recommendations for GBP/USD for September 19, 2014

The Pound has given a stellar performance in yesterday's trade closing above 20Dsma. In todays session, the cable held the 20Dsma support and again moved higher, breached the 2-month descending trend line. The pair formed a triangle, and just breached the upper end of that, a daily close above the upper end of the triangle makes further bullish movement in the near term. Today, as of now, the cable made a high at 1.6460 and trading at 1.6422. The pair has resistance between 1.6586-1.6590 levels. A weekly close above these, makes it more bullish in the short term. On the down side, it has support at 1.6380.
Support 1.6380 1.6245 1.6160
Resistance 1.6440 1.6590 1.6625

More analysis - at instaforex.com

[InstaForex Gertrude]

Short-term trend levels and an intraday recommendation for Gold for September 22, 2014

The yellow metal drifted to $1,213 levels in Friday's session, but managed to close above $1,215 levels. The strong US dollar puts pressure on the metal. Now the metal is trading at $1,215.70, it made a low at $1,214.50. The metal has support at $1,212 (200MEma) and $1,185 (200MSma). The short- and medium-term trend setup at these levels; in case of a daily and weekly close below $1,212, the metal will drift towards $1,185, $1,150 and may be even lower to $1,120 levels. Twice these levels pushed the metal from the lower levels. In June 2013 the metal made a low at $1,180, hit the 200MEma, but 200MSma helped the metal to push higher levels and in December 2013 the situation repeated. Currently the metal testing its fortune at the same support zones again. If this time the metal holds the support, it will give a good rally again, but the chances are very remote. We can still see the bear image in the metal chart.
Support $1,212, $1,185-$1,180, $1,120
Resistance $1,228, $1,242, $1,254

More analysis - at instaforex.com