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    1. #1
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      InstaForex Analytics

      Daily analysis of major pairs for November 10, 2014

      The USD/JPY tested the supply level at 115.50 several times, but it was unable to break it to the upside. There is an existing bearish pullback in the market, which could be challenged at the demand level of 113.50. Any movement below that demand level may put the bullish outlook in a precarious situation.

      EUR/USD: This pair is still a weak market, but there is a good possibility that the pair may rally this week. This may happen as a result of the EUR becoming strong versus some other popular currencies, including, of course, the USD. This may happen this week or next week, and therefore we are looking for a rally here.

      USD/CHF: This currency trading instrument closed at 0.9660 (on Friday, November 7, 2014). The price closed lower in the context of a downtrend. Some may see the bearish correction as another opportunity to go long, provided that the price would not go below the resistance level at 0.9600. That is a level where long trades may no longer be sensible.

      GBP/USD: The Cable dropped by 200 pips last week, testing the accumulation territory at 1.5800 before bouncing upwards beyond the accumulation territory at 1.5850. For the bearish trend to continue, the accumulation territory at 1.5800 would be tested again; otherwise the price may go above the distribution territory at 1.5950.

      USD/JPY: The USD/JPY tested the supply level at 115.50 several times, but it was unable to break it to the upside. There is an existing bearish pullback in the market, which could be challenged at the demand level of 113.50. Any movement below that demand level may put the bullish outlook in a precarious situation.

      EUR/JPY: This market moved sideways in the last few days of the last trading week, on a consolidation note. The market is consolidating in the context of an uptrend. Any movement above the supply zone at 143.50 would signal the renewal of the bullish trend, but any movement below the demand zone at 141.50 would put the uptrend in jeopardy.

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    3. #2
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      Re: InstaForex Analytics

      Daily analysis of major pairs for November 12, 2014

      EUR/USD: The EUR/USD remains bearish, with a possibility of further downwards movement. However, the downward movement may be challenged at the support lines of 1.2400 and 1.2350. Should the challenge prove effective, the price may rally towards the resistance line at 1.2500, testing it again.

      USD/CHF: This pair is still strong and it may go further north in its attempt to test the resistance levels at 0.9700 and 0.9750. Nevertheless, the resistance levels themselves may prove unfriendly to the existing bullish outlook, which may cause the price to drop towards the support level at 0.9600.

      GBP/USD: This is a weak market – with the Bearish Confirmation Pattern remaining intact in the market. The price has a good chance of testing the accumulation territory at 1.5800, which was tested last week. Even if the market would bounce upwards, it may test that accumulation territory first.

      USD/JPY: The strength in the USD is the reason why the bullish outlook on this pair remains sustainable when most other JPY pairs are consolidating. The supply level at 115.50 was challenged consistently last week: it could also be challenged this week. It could even be breached to the upside, providing that the USD remains strong enough.

      EUR/JPY: This cross is also trying to go upwards, but with limited success. The bias is still bullish and the upwards journey may be accomplished provided that the Euro itself is able to muster more energy.

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      Re: InstaForex Analytics

      Daily analysis of major pairs for November 17, 2014

      The Cable dropped by roughly 300 pips last week, testing the accumulation territory at 1.5600. There is now a shallow upwards bounce from that territory, which should be short-lived as the Cable continues to be weak. Any movement above the distribution territory at 1.5800 would seriously threaten the bearish outlook.

      EUR/USD: The outlook on this currency trading instrument remains bearish, but the existing price action is a threat to the bearish outlook. A movement above the resistance line at 1.2600 would mean that it is no longer logical to seek short trades. There is a support line at 1.2400.

      USD/CHF: This currency trading instrument closed at 0.9590, On Friday, November 14, 2014. The price action is a threat to the bull, especially when the price goes below the support line at 0.9550. However, some would think of buying pullbacks on this instrument, provided that the price does not go below the aforementioned support line.

      GBP/USD: The Cable dropped by roughly 300 pips last week, testing the accumulation territory at 1.5600. There is now a shallow upwards bounce from that territory, which should be short-lived as the Cable continues to be weak. Any movement above the distribution territory at 1.5800 would seriously threaten the bearish outlook.

      USD/JPY: The USD/JPY moved upwards by over 250 pips last week. Obviously, the JPY is very weak and this is aiding the bullish runs on most JPY pairs. The strength in this pair could continue this week, and therefore, it would be nice to look for how to go long when there are transient pullbacks in the market.

      EUR/JPY: This cross enjoyed a nice bullish run last week, going upwards by over 300 pips. The EUR particularly is making serious attempts to go further upwards and as such, this pair may continue trading upwards, reaching the supply zone at 146.50.

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      Re: InstaForex Analytics

      Daily analysis of major pairs for November 18, 2014

      The Cable trended downwards on Monday in the context of the Bearish Confirmation Pattern in the market. It has turned out that the upwards bounce that happened last Friday gave a good opportunity to sell short at a better price. The price may soon test the accumulation territory at 1.5600. It may even breach it to the downside.

      EUR/USD: The outlook on the EUR/USD remains bearish and it may continue like that. The only thing that can render the bearish outlook useless is a condition in which the price goes above the resistance line at 1.2600. As long as the price remains below that resistance line, the market would be seen as bearish.

      USD/CHF: This currency trading instrument is still bullish (a bullish bias). There is a support level at 0.9550, which may serve as a barrier to the bears’ effort to drag the price downwards. Should that support line be broken to the downside, the bullish bias would be threatened. Therefore, the price needs to continue going upwards for the bullish bias to be valid.

      GBP/USD: The Cable trended downwards on Monday in the context of the Bearish Confirmation Pattern in the market. It has turned out that the upwards bounce that happened last Friday gave a good opportunity to sell short at a better price. The price may soon test the accumulation territory at 1.5600. It may even breach it to the downside.

      USD/JPY: This pair remains a bull market, plus the bearish retracement that happened on it last Friday gave a good opportunity to enter long when things are temporarily on sale and in the context of an uptrend. The supply level at 117.00 was tested recently and it could be tested again. It may even be breached to the upside.

      EUR/JPY: This cross is also bullish in outlook, and the price is expected to continue trending upwards. The current pullback in the market does not mean the trend is over – for price does not move in a straight line. The price may test the supply zone at 146.50, which is the target for this week.

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      Re: InstaForex Analytics

      Daily analysis of major pairs for November 24, 2014

      The sudden weakness on the EUR/USD on Friday has resulted in a very strong bearish bias. The pair may be weak for the rest of this month, as the EUR continues to be battered. The price closed below the resistance line at 1.2400, and the next target may be the support line at 1.2350.

      EUR/USD: The sudden weakness on the EUR/USD on Friday has resulted in a very strong bearish bias. The pair may be weak for the rest of this month, as the EUR continues to be battered. The price closed below the resistance line at 1.2400, and the next target may be the support line at 1.2350.

      USD/CHF: The sudden strength on the USD/CHF on Friday has resulted in a very strong bullish bias. The pair may be strong for the rest of this month, as the USD continues to be uplifted. The price closed above the support level at 0.9650, and the next target may be the resistance level at 0.9750.

      GBP/USD: Generally, the bias on the Cable is bearish. It is very much likely that the price would hit the accumulation territory at 1.5600, but it is unlikely that the price would break that territory to the downside. After the price tests that accumulation territory, there could be a rally in the market.

      USD/JPY: This currency trading instrument trended strongly last week, but there is now a mild pullback in the context of an uptrend. This proffers a good opportunity to buy, for the bullish bias may still continue till December 2014.

      EUR/JPY: This market trended strongly last week, but after testing the supply zone at 149.00, there was a significant correction – a downward move of close to 300 pips from that supply zone. The downward move was augmented by the weakness in the EUR itself. One needs to note that the overall outlook is still upwards and the price may trend upwards from here.

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      Re: InstaForex Analytics

      Daily analysis of major pairs for November 25, 2014

      There is a rally on EUR/JPY after price touched the demand zone at 145.50. Price has moved upward by 150 pips since then, and further move may enable this cross to recover the loss it sustained around the end of last week. There is now a bullish target at the supply zone of 149.00, which was touched last week.

      EUR/USD: After testing the support line at 1.2400, this market trended upwards. There is still a Bearish Confirmation Pattern in the market, which can only be rendered invalid when price goes above the resistance line at 1.2600. Otherwise, price may go further downwards from here.

      USD/CHF: After testing the resistance level at 0.9700, this market trended downwards by more than 60 pips. There is still a Bullish Confirmation Pattern in the market, which can only be rendered invalid when price goes below the support level at 0.9550. Otherwise, price may go further upwards from here.

      GBP/USD: This is a bear market – irrespective of the bullish effort in it. The only thing that can make the bullish effort to render the bearish outlook useless is a situation in which price goes above the distribution territory at 1.5800. That is the point where it would be clear that short trades are not sensible.

      USD/JPY: This pair remains a bull market and it is supposed to continue going further upwards. The nearest target for the bull is at the supply level at 119.00, which could be reached this week. With enough strength in the market, price can even go beyond that supply level.

      EUR/JPY: There is a rally on EUR/JPY after price touched the demand zone at 145.50. Price has moved upward by 150 pips since then, and further move may enable this cross to recover the loss it sustained around the end of last week. There is now a bullish target at the supply zone of 149.00, which was touched last week.

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      Re: InstaForex Analytics

      Daily analysis of major pairs for December 1, 2014

      The ultimate target for USD/JPY is at the supply level of 119.00, and price is now close to that target. With further strength in the market, the supply level can be breached to the upside as the bulls continue to push price up. In that case, the next target could be the supply level at 119.50.

      EUR/USD: The bias on the EURUSD remains bearish in spite of the bull effort to push price upwards. Rallies into the resistance lines at 1.2500 and 1.2600 should be seen as short-selling opportunities (for price may go further downwards from there). It is only a break above the resistance line at 1.2600 that can render the bearish bias invalid.

      USD/CHF: The bias on this pair remains bullish in spite of the bearish attempt on it. Pullbacks into the support levels at 0.9600 and 0.9550 should be seen as good offers to buy long, unless price breaks the support level at 0.9550 to the downside. In that case, the bias could turn bearish.

      GBP/USD: The Cable is weak, even weaker than EURUSD. Therefore long trades are not currently recommended unless price breaks the distribution territory at 1.5800 to the upside. In the near-term, price may touch the accumulation territories at 1.5600 and 1.5550.

      USD/JPY: The ultimate target for USD/JPY is at the supply level of 119.00, and price is now close to that target. With further strength in the market, the supply level can be breached to the upside as the bulls continue to push price up. In that case, the next target could be the supply level at 119.50.

      EUR/JPY: This cross moved upwards at the beginning of last week and then moved sideways; before breaking further upwards on Friday. As expected, momentum has returned to this market and it has resumed its upwards journey. This has happened following the short-term base that was built by the sideways movement that occurred last week. The ultimate target is at the supply zone of 149.00 – which would be reached only with significant strength in the market.

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      Re: InstaForex Analytics

      Daily analysis of major pairs for December 2, 2014

      Cable tested the accumulation territory at 1.5600 and later bounced upwards by over 150 pips. Before it can be said that the bias is bullish, price needs to go above the distribution territory at 1.5800. Otherwise, the price action may offer another short-selling opportunity, as price tries to test the accumulation territory at 1.5700 again.

      EUR/USD: The condition on EURUSD remains dicey. Rallies into the resistance lines at 1.2500 and 1.2600 should be seen as short-selling opportunities (for price may go further downwards from there). It is only a break above the resistance line at 1.2600 that can render the bearish bias invalid.

      USD/CHF: The situation on USDCHF is unchanged and it requires tact. Pullbacks into the support levels at 0.9600 and 0.9550 should be seen as good offers to buy long, unless price breaks the support level at 0.9550 to the downside. In that case, the bias could turn bearish.

      GBP/USD: Cable tested the accumulation territory at 1.5600 and later bounced upwards by over 150 pips. Before it can be said that the bias is bullish, price needs to go above the distribution territory at 1.5800. Otherwise, the price action may offer another short-selling opportunity, as price tries to test the accumulation territory at 1.5700 again.

      USD/JPY: This currency trading instrument has tested the ultimate target at 119.00, before the current shallow pullback. However, the dominant bias remains bullish and the shallow pullback may be challenged at the demand levels at 117.50 and 117.00. From these levels, price may turn upwards again.

      EUR/JPY: This market has also experienced a shallow pullback; but it may trend further upwards (as the demand zones at 147.00 and 146.50 are poised to act as barriers to further bearish attempts). The ultimate target is still at the supply zone of 149.00.

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      Re: InstaForex Analytics

      Daily analysis of major pairs for December 8, 2014

      Last week, USD/JPY moved upwards by over 300 pips. This has come as a result of a great weakness in USD and a great weakness in Yen. The supply level at 121.50 is under siege and it may be breached to the upside as the market continues to exert its bullish strength.

      EUR/USD: This pair became weaker as it went below the resistance line of 1.2400. The resistance line at 1.2300 has also been breached to the downside, and price is supposed to go further below, reaching the support line at 1.2250.

      USD/CHF: The currency trading instrument became stronger as it went above the support level at 0.9750 (which was our target for last week). Price has closed above the support level, making the next target for the bulls to be situated the resistance level at 0.9800.

      GBP/USD: Cable closed at 1.5579 on Friday, December 5, 2014, on a bearish note. Price has gone below the distribution territory at 1.5600, making the Bearish Confirmation Pattern more visible. The accumulation territory at 1.5550 would soon be tested.

      USD/JPY: Last week, USD/JPY moved upwards by over 300 pips. This has come as a result of a great weakness in USD and a great weakness in Yen. The supply level at 121.50 is under siege and it may be breached to the upside as the market continues to exert its bullish strength.

      EUR/JPY: This cross also moved upwards last week; though the upwards movement is not as strong as the upwards movement on USD/JPY. The bulls may continue pushing price northwards. However, there is now a possibility of large pullbacks in the market (which is also true of other JPY pairs), and the pullbacks can be checked at the demand zones of 148.50 and 148.00.

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      Re: InstaForex Analytics

      Daily analysis of major pairs for December 9, 2014

      Cable broke above the accumulation territories at 1.5600 and 1.5650. The accumulation territories have been great barriers to the bearish movement in the market. Therefore, their breach to the upside portends a possibility of a near-term bullish trend which may take price towards the distribution territory at 1.5800.

      EUR/USD: After testing the support line at 1.2250, EUR/USD price bounced upwards, and the upwards bounce can continue a bit further upwards. For the upwards bounce to be strong enough to threaten the existing bearish bias, it must go above the resistance line at 1.2500; otherwise this may be another opportunity to sell short.

      USD/CHF: After testing the resistance level at 0.9800, USD/CHF price retraced southward, and the southward retracement can continue further downwards. For the bearish retracement to be strong enough to overturn the existing bullish bias, it must go below the support level at 0.9650; otherwise this may be another opportunity to go long.

      GBP/USD: Cable broke above the accumulation territories at 1.5600 and 1.5650. The accumulation territories have been great barriers to the bearish movement in the market. Therefore, their breach to the upside portends a possibility of a near-term bullish trend which may take price towards the distribution territory at 1.5800.

      USD/JPY: This currency trading instrument came down by over 100 pips on Monday. Price ought to stay above the demand level at 119.50 – which could be another entry point for the astute bulls. The demand level should do a good job in checking further southward venture by price.

      EUR/JPY: The expected large pullback in the market has already occurred, but it must be curbed at the demand zone of 147.50. Any movement below that demand zone could be the end of the bullish outlook, but as long as price is above the demand zone, the bullish outlook remains intact.

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      Re: InstaForex Analytics

      Daily analysis of major pairs for December 15, 2014

      Cable made some effort to go bullish last week. Price went upwards in a slow and steady manner and then moved sideways, closing at 1.5715 on Friday, December 12, 2014. Price may go further upwards towards the distribution territory at 1.5800, provided that Greenback continues its current weakness.

      EUR/USD: This pair has been making serious effort to go upwards – with a measure of success. The market went upwards by over 200 pips last week, closing above the support line at 1.2450. There is a Bullish Confirmation Pattern in the market and it is expected that price could go towards the resistance line at 1.2500.

      USD/CHF: This pair has been trending downwards – with a measure of success. The market went downwards by over 170 pips last week, closing below the resistance level at 0.9650. There is a Bearish Confirmation Pattern in the market and it is expected that price could go towards the support level at 0.9600.

      GBP/USD: Cable made some effort to go bullish last week. Price went upwards in a slow and steady manner and then moved sideways, closing at 1.5715 on Friday, December 12, 2014. Price may go further upwards towards the distribution territory at 1.5800, provided that Greenback continues its current weakness.

      USD/JPY: USDJPY closed below the supply level at 119.00 on Friday. Price nosedived by over 400 pips last week, thereby overturning the recent bullish bias. Things have gone bearish and with continuous weakness in Greenback, price could test the demand level at 118.00.

      EUR/JPY: The situation on this cross is dicey. Some indicators are bullish and some are bearish in the same timeframe. Therefore one may stay aside until there is a clean directional movement. One thing could be noted: This cross has a high probability of going upwards this week.

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      Re: InstaForex Analytics

      Daily analysis of major pairs for December 16, 2014

      The USD/JPY has become weaker as it went further downwards on Monday, reaching the demand level at 117.50. This demand level was tested last week and since it has been tested again, it could be breached to the downside. The next target for the price is the demand level at 117.00.

      EUR/USD: This currency trading instrument is still bullish as the bulls keep on flexing their muscles. The price is above the support line at 1.2400, going towards the resistance line at 1.2450 (which might be breached to the upside again). That resistance line has taken several beatings already. The ultimate target is at the resistance line at 1.2500.

      USD/CHF: On this pair, the bears are also trying to hold out their resistance against the bulls. The support level at 0.9650 is under siege and with more effort from the bears, the support level would easily be broken to the downside as price targets another support level at 0.9600. Below the support level at 0.9600, the bearish outlook would have been strengthened further.

      GBP/USD: The GBP/USD pair has been going downwards again, therefore putting the novel/recent bullish effort in jeopardy. A movement below the accumulation territory at 1.5600 would signal the return of the past Bearish Confirmation Pattern. However, it is unlikely that price would broke below the accumulation territory at 1.5550 – which is now a formidable obstacle to the bears.

      USD/JPY: The USD/JPY has become weaker as it went further downwards on Monday, reaching the demand level at 117.50. This demand level was tested last week and since it has been tested again, it could be breached to the downside. The next target for the price is the demand level at 117.00.

      EUR/JPY: This market is now weak; given the continuous strength in the Yen. The price is now below the supply level at 146.50 and it may reach the demand level at 146.00 soon.

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      Re: InstaForex Analytics

      Daily analysis of major pairs for December 22, 2014

      The USD/JPY went upwards last week, following a bearish run that made it go below the demand level at 116.00. The price was unable to stay below the demand level at 116.00 – as it rose steeply above the demand level at 119.00. This market could continue its upwards movement and as a result of that, price could reach another supply level at 120.50.

      EUR/USD: This is a bear market and the bearish movement is supposed to continue this week. From the resistance line at 1.2550, the price dropped by more than 300 pips, closing below the resistance line at 1.2250. The next target to be reached by the price is the support line at 1.2200.

      USD/CHF: This is a bull market and the bullish movement is supposed to continue this week. From the support level at 0.9550, the price rose by more than 280 pips, moving close to the resistance line at 0.9850. That resistance level could be breached to the upside, and the next target to be reached by the price is resistance level at 0.9900.

      GBP/USD: This is a very volatile market. The volatility is caused by a struggle between the bull and the bear, though the bears have upper hands. With further strength in the Greenback, the price could challenge the accumulation territory at 1.5550.

      USD/JPY: The USD/JPY went upwards last week, following a bearish run that made it go below the demand level at 116.00. The price was unable to stay below the demand level at 116.00 – as it rose steeply above the demand level at 119.00. This market could continue its upwards movement and as a result of that, price could reach another supply level at 120.50.

      EUR/JPY: This currency trading instrument closed at 146.16 on Friday, December 19, 2014, on a bearish note. The price ought to be bullish like some other JPY pairs, but the weakness in the EUR is too much to allow that. Only a movement above the supply zone at 147.50 could mean the end of the bearish outlook.

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      Re: InstaForex Analytics

      Daily analysis of major pairs for December 23, 2014

      The Cable traded downwards on Monday in the context of the downtrend. The price is supposed to continue trending further downwards, reaching the accumulation territory at 1.5550. There may be an initial challenge at that accumulation territory, but with further strength in the Greenback, it could be breached to the downside.

      EUR/USD: This pair has continued its downwards journey and it is close to the support line at 1.2200 (being below the resistance line at 1.2250). A break below that line would proffer an opportunity to target another support line at 1.2150, which is the real target for this week.

      USD/CHF: This pair has continued its upwards journey and it is close to the resistance level at 0.9850. A break above that level would proffer an opportunity to target another resistance level at 0.9900, which is the ultimate target for this week.

      GBP/USD: The Cable traded downwards on Monday in the context of the downtrend. The price is supposed to continue trending further downwards, reaching the accumulation territory at 1.5550. There may be an initial challenge at that accumulation territory, but with further strength in the Greenback, it could be breached to the downside.

      USD/JPY: This currency trading instrument continues its slow and steady journey upwards. The supply level at 120.00 is now under siege and with more effort from the bulls, the price may go above that supply level, going further upwards. Basically, the next target is located at the supply level at 120.50.

      EUR/JPY: The EUR/JPY is still making attempt to go further bullish – though the attempt is being frustrated now and then. It would be OK to wait for a more pronounced directional movement before a position is taken. A break above the supply zone at 147.50 would strengthen the bullish outlook, while a break below the demand zone at 145.50 would strengthen the bearish outlook.

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      Re: InstaForex Analytics

      Daily analysis of major pairs for December 29, 2014

      The USD/JPY closed at 120.31, on Friday, December 26, 21014. This pair trended upwards last week before it consolidated towards the end of the week. The bias is bullish and the supply level at 12.50 would soon be breached to the upside; after which another supply level at 130.00 would be challenged.

      EUR/USD: This market fell further last week, closing below the resistance line at 1.2200. The next target for the price is at the support line of 1.2150, and should that support line be breached to the downside, the price may then target another support line at 1.2100.

      USD/CHF: This market rose further last week, closing above the support level at 0.9850. The next target for the price is at the resistance level of 0.9900, and should that resistance level be breached to the downside, the price may then target another resistance level at 0.9950. Could the USD reach parity with the CHF? It seems very likely.

      GBP/USD: This currency trading instrument went downward last week, but further downward movement was rejected as the price bounced upwards from the accumulation territory at 1.5500. Now hovering around the accumulation territory at 1.5550, further upward bounce could be contained at the distribution territory at 1.5600. Meanwhile, the price could fall down again, testing the accumulation territory at 1.5500.

      USD/JPY: The USD/JPY closed at 120.31, on Friday, December 26, 21014. This pair trended upwards last week before it consolidated towards the end of the week. The bias is bullish and the supply level at 12.50 would soon be breached to the upside; after which another supply level at 130.00 would be challenged.

      EUR/JPY: This cross should be bullish – just like certain JPY pairs. However, the weakness in the EUR is too much to allow any significant bullish move. There is a possibility that the demand level at 146.00 could be tested, though a rally may cause the price to reach the supply zone at 147.50.

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      Re: InstaForex Analytics

      Daily analysis of major pairs for December 29, 2014

      The USD/JPY closed at 120.31, on Friday, December 26, 21014. This pair trended upwards last week before it consolidated towards the end of the week. The bias is bullish and the supply level at 12.50 would soon be breached to the upside; after which another supply level at 130.00 would be challenged.

      EUR/USD: This market fell further last week, closing below the resistance line at 1.2200. The next target for the price is at the support line of 1.2150, and should that support line be breached to the downside, the price may then target another support line at 1.2100.

      USD/CHF: This market rose further last week, closing above the support level at 0.9850. The next target for the price is at the resistance level of 0.9900, and should that resistance level be breached to the downside, the price may then target another resistance level at 0.9950. Could the USD reach parity with the CHF? It seems very likely.

      GBP/USD: This currency trading instrument went downward last week, but further downward movement was rejected as the price bounced upwards from the accumulation territory at 1.5500. Now hovering around the accumulation territory at 1.5550, further upward bounce could be contained at the distribution territory at 1.5600. Meanwhile, the price could fall down again, testing the accumulation territory at 1.5500.

      USD/JPY: The USD/JPY closed at 120.31, on Friday, December 26, 21014. This pair trended upwards last week before it consolidated towards the end of the week. The bias is bullish and the supply level at 12.50 would soon be breached to the upside; after which another supply level at 130.00 would be challenged.

      EUR/JPY: This cross should be bullish – just like certain JPY pairs. However, the weakness in the EUR is too much to allow any significant bullish move. There is a possibility that the demand level at 146.00 could be tested, though a rally may cause the price to reach the supply zone at 147.50.

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      Re: InstaForex Analytics

      Daily analysis of major pairs for January 5, 2015

      The Cable plunged by over 250 pips on Friday – a surprise movement. The price closed below the distribution territory at 1.5350, going towards the accumulation territory at 1.5300. That is the first target for this week, and it is supported by the strong Bearish Confirmation Pattern in the chart.

      EUR/USD: The EUR/USD trended downwards on Friday, closing below the resistance line at 1.2050. The support line at 1.2000 is being tested and with further exertion of selling pressure, it may be breached to the downside. After this, the price may then go for another support line at 1.1950.

      USD/CHF: This currency trading instrument trended upwards on Friday, closing above the support level 1.0000, which is the level of parity between the USD and the CHF. The price may go for another resistance level at 1.0050 and with further exertion of buying pressure; it may be breached to the upside. After this, the price may then go for another resistance level at 1.100.

      GBP/USD: The Cable plunged by over 250 pips on Friday – a surprise movement. The price closed below the distribution territory at 1.5350, going towards the accumulation territory at 1.5300. That is the first target for this week, and it is supported by the strong Bearish Confirmation Pattern in the chart.

      USD/JPY: This pair is bullish in outlook. On Friday, January 2, 2015, the price closed at 120.50 on a bullish note. There is a possibility that the market may go further upwards this week, reaching the demand level at 121.00. However, there is also a possibility of a pullback, which may force the price to dive towards the demand levels at 119.50 and 119.00 successively.

      EUR/JPY: This cross dived further on Friday, moving close to the demand zone at 144.00. The demand zone is expected to be tested again: it may even be breached to the downside.

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      Re: InstaForex Analytics

      Daily analysis of major pairs for January 6, 2015

      Since the USD reached parity with the CHF at the support level of 1.0000, the USD/CHF pair has moved upwards by another 100 pips, hitting the resistance level at 1.0100 (before the price retraced a little lower). With further strength in the market, the resistance level would be hit again.

      EUR/USD: This currency pair broke below the resistance line at 1.2100 at the beginning of this week. Since then, the price has moved lower, threatening to test the support line 1.1850. Should the price break that line to the downside, the next target to be reached would be the support line at 1.1800.

      USD/CHF: Since the USD reached parity with the CHF at the support level of 1.0000, the USD/CHF pair has moved upwards by another 100 pips, hitting the resistance level at 1.0100 (before the price retraced a little lower). With further strength in the market, the resistance level would be hit again.

      GBP/USD: The Cable fell along the EUR/USD in the continuation of the bearish trend that started last Friday. The accumulation territory at 1.5200 has already been tested, followed by the current upwards bounce in the market. That accumulation territory may be tested again.

      USD/JPY: In the meantime, the Yen has gained serious stamina and bearish movements can be seen on other JPY pairs – just like the USD/JPY pair. This pair was unable to move upwards last week and it is now moving downwards gradually this week. The demand level at 119.00 can soon be attained by the bears.

      EUR/JPY: There is now a serious weakness in this currency trading instrument, resulting in a Bearish Confirmation Pattern in the market. Since the bearish trend started last Friday, the cross has dived by over 400 pips, and there is a great possibility that the demand zone at 142.00 would be challenged.

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      Re: InstaForex Analytics

      Daily analysis of major pairs for January 12, 2015

      The USD/CHF tested the resistance level at 1.0200 vigorously, but it was unable to break it to the upside. There is now a slight dip in the market, but with further strength in the USD, the resistance level could be breached to the upside. On the other hand, there is a possibility that the price may test the support lines at 1.0100 and 1.0050 this week.

      EUR/USD: This pair trended downwards last week, going below the support line at 1.1800, but unable to close below that line. There is now a slight upwards bounce in the market, which could be the beginning of a medium-term buying pressure in the market. The resistance line at 1.1950 could be challenged.

      USD/CHF: The USD/CHF tested the resistance level at 1.0200 vigorously, but it was unable to break it to the upside. There is now a slight dip in the market, but with further strength in the USD, the resistance level could be breached to the upside. On the other hand, there is a possibility that the price may test the support lines at 1.0100 and 1.0050 this week.

      GBP/USD: The GBP/USD trended further downwards by roughly 250 pips last week, challenging the accumulation territory at 1.5050. More downwards movement was halted at this point, and the price bounced upwards, going above the accumulation territory at 1.5150. The accumulation territory at 1.5050 can now defend the market against a movement that could go below it.

      USD/JPY: This currency trading instrument closed at 118.45 on Friday, January 9, 2015, on a bearish note. The market has been volatile recently - moving in swings. The demand level at 118.00 could be breached to the upside before the bulls come in to push the price upwards.

      EUR/JPY: This cross moved further downwards last week; which led to a stronger Bearish Confirmation Pattern in the market. The cross moved downwards by around 350 pips last week and it could move further downwards this week.

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      Re: InstaForex Analytics

      Daily analysis of major pairs for January 13, 2015

      In spite of the high volatility on the USD/JPY, the influence of the bears can still be seen. The price is now under the supply level at 118.50, and there is a possibility that the price may test the demand level at 117.50; even if there is going to be a rally after that.

      EUR/USD: This pair has not moved significantly this week. The long-term bias is bearish but it now appears that the bearish pressure in the market is thinning out. While the price may test the resistance lines at 1.1800 and 1.1750 respectively, there could be a serious short-term rally after that.

      USD/CHF: This currency trading instrument has not assumed a serious directional bias this week, although the long-term bias is bullish. It is probable that the resistance levels at 1.0200 and 1.0250 might be tested successively. In fact the resistance levels may serve as impediment to further rallies, because the price may nosedive from there, testing the support level at 1.0050.

      GBP/USD: The Cable is making effort to go bullish but the overall outlook is bearish. Since the price touched the accumulation territory at 1.5050, the market has moved upward by more than 120 pips, now moving close to the distribution territory at 1.5200. It is only a movement above the distribution territory at 1.5300 that can threaten the extant bearish bias.

      USD/JPY: In spite of the high volatility on the USD/JPY, the influence of the bears can still be seen. The price is now under the supply level at 118.50, and there is a possibility that the price may test the demand level at 117.50; even if there is going to be a rally after that.

      EUR/JPY: This cross has continued its southward attempt in a slow and steady manner. The price is very close to the demand zone at 139.50, which could be tested (it could even be breached to the upside).

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