Daily Market Outlook, daily analysis for forex |
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jebat66 |
Oct 15 2012, 11:02 AM
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Junior Money Maker
Group: Members
Posts: 88
Dream Points: 397
Experience Points: 138
Joined: 14-September 08
Member No.: 43,583
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EUR/JPY - Elliott Wave Analysis for October 15 - 2012
Today's Support and Resistance Levels: S1: 101.17 R1: 101.52
S2: 100.90 R2: 101.68
S3: 100.71 R3: 101.91
Technical Overview: Our Triangle scenario continues to work as it was expected. We reached the lower part of our target in the range 101.89 to 102.08 with the test of 101.91 on Friday. It could be entire wave D of the Triangle, but as the Triangle draws to its conclusion it becomes more difficult to separate the waves. However, if we break back above 101.51 we should see a move closer to the top of our range at 102.08. If we do not see a break above 101.51, but we will do it below 100.88, we could see wave E towards 100.55, which should prove to be a nice buying opportunity as we expect the Triangle to move towards the upside. Triangles always predict the last rally in the direction of the underlying trend, which means that once the Triangle has finished and we have seen a break towards the upside we know that there will be the last rally higher starting from 94.10.
Trading Recommendation: We were long EUR from 100.25 and took profit on Friday at 101.85. Now we are looking to re-buy EUR. We will buy EUR at 100.65 or upon a break above 102.80.
Performed by Torben Melsted, Analytical expert InstaForex Companies Group � 2007-2012
EUR/USD Intraday Technical Levels for October 15, 2012
TODAY's TECHNICAL LEVELS: Breakout BUY Level: 1.2996. Strong Resistance: 1.2988. Original Resistance: 1.2976. Inner Sell Area: 1.2964. Target Inner Area: 1.2933. Inner Buy Area: 1.2902. Original Support: 1.2890. Strong Support: 1.2878. Breakout SELL Level: 1.2870.
DESCRIPTION: Today EUR/USD has support and resistance at 1.2890 and 1.2976 and is accompanied by strong support at 1.2878 and by 1.2988 as strong resistance.
If EUR/USD breaks out and closes below 1.2870 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and close above 1.2996 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2902 and at 1.2964 a SELL position, in this case both targets should be located at the level of 1.2933.
Performed by Arief Makmur, Analytical expert InstaForex Companies Group � 2007-2012
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Replies(1 - 9)
jebat66 |
Oct 15 2012, 01:52 PM
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Junior Money Maker
Group: Members
Posts: 88
Dream Points: 397
Experience Points: 138
Joined: 14-September 08
Member No.: 43,583
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DDG |
Nov 5 2012, 07:25 AM
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Active Money Maker
Group: Blog/Monitor Partners
Posts: 389
Dream Points: 722
Experience Points: 439
Joined: 9-May 07
Member No.: 17,187
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USD/JPY Intraday Technical Levels for November 5, 2012
TODAY's TECHNICAL LEVELS: Resistance 3: 80.90. Resistance 2: 80.74. Resistance 1: 80.58. Support 1: 80.39. Support 2: 80.23. Support 3: 80.07.
DESCRIPTION: Please, pay attention to the levels of support 3 (80.07) and resistance 3 (80.90). In general, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.
Performed by Arief Makmur, Analytical expert InstaForex Companies Group � 2007-2012
EUR/USD Intraday Technical Levels for November 5, 2012
TODAY's TECHNICAL LEVELS: Breakout BUY Level: 1.2895. Strong Resistance: 1.2886. Original Resistance: 1.2875. Inner Sell Area: 1.2863. Target Inner Area: 1.2832. Inner Buy Area: 1.2802. Original Support: 1.2789. Strong Support: 1.2775. Breakout SELL Level: 1.2767.
DESCRIPTION: Today EUR/USD has support and resistance at 1.2789 and 1.2875. The rate is accompanied by strong support at 1.2775 and by 1.2886 as strong resistance. If EUR/USD breaks out and closes below 1.2767 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.2895 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2802 and at 1.2863, a SELL position. In this case both targets should be located at the level of 1.2832.
Performed by Arief Makmur, Analytical expert InstaForex Companies Group � 2007-2012
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DDG |
Nov 6 2012, 07:46 AM
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Active Money Maker
Group: Blog/Monitor Partners
Posts: 389
Dream Points: 722
Experience Points: 439
Joined: 9-May 07
Member No.: 17,187
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EUR/USD Intraday Technical Levels for November 6, 2012
TODAY's TECHNICAL LEVELS: Breakout BUY Level: 1.2854. Strong Resistance: 1.2846. Original Resistance: 1.2834. Inner Sell Area: 1.2022. Target Inner Area: 1.2791. Inner Buy Area: 1.2760. Original Support: 1.2748. Strong Support: 1.2735. Breakout SELL Level: 1.2726.
DESCRIPTION: Today EUR/USD has support and resistance at 1.2748 and 1.2834. The rate is accompanied by strong support at 1.2735 and by 1.2846 as strong resistance. If EUR/USD breaks out and closes below 1.2726 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.2854 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2760 and at 1.2022, a SELL position. In this case both targets should be located at the level of 1.2791.
Performed by Arief Makmur, Analytical expert InstaForex Companies Group � 2007-2012
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DDG |
Nov 7 2012, 09:09 AM
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Active Money Maker
Group: Blog/Monitor Partners
Posts: 389
Dream Points: 722
Experience Points: 439
Joined: 9-May 07
Member No.: 17,187
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Daily Trading Forecasts (November 7, 2012)
EURUSD: Here, we can see that further bearish attempt has been rejected at the support line of 1.2800. Much hesitation occurred around this level before the market corrected on the upside. The RSI period 14 is heading up from its oversold territory, but given the position of the EMAs, it can be said that the bearish trend is still intact.
USDCHF: Now the USDCHF pair has some difficulties in breaking the resistance level at 0.9450 on the upside. The price is currently in a correction, as the RSI 14 period heads down from the overbought region. The bullish signal is still valid.
GBPUSD: While the Williams� % Range is trying to leave the oversold zone, the market price itself is trying to have some upward reversal. The price is reverting back to that important level at 1.6000, making an attempt to breach it upwards. Nevertheless, the sell signal is still intact.
USDJPY: On this market, the EMA 56 is a kind of demand territory, as the price has consistently refused to go down below it. Buyers are advised to trade on this market with some caution (the trend is over soon). But for now the bullish trend is still holding.
EURJPY: The current development on this cross poses a precarious condition to the new sell signal generated on it. The supply zone has been breached on the upside 103.00, as the Williams� % Range points upwards. If this development continues further today, the present bearish signal is rendered invalid.
Performed by Azeez Mustapha, Analytical expert InstaForex Companies Group � 2007-2012
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DDG |
Nov 8 2012, 07:30 AM
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Active Money Maker
Group: Blog/Monitor Partners
Posts: 389
Dream Points: 722
Experience Points: 439
Joined: 9-May 07
Member No.: 17,187
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USD/JPY Intraday Technical Levels for November 8, 2012
TODAY's TECHNICAL LEVELS: Resistance 3: 80.28. Resistance 2: 80.12. Resistance 1: 79.96 Support 1: 79.77. Support 2: 79.61. Support 3: 79.45.
DESCRIPTION: Please pay attention to the levels of support 3 (79.45) and resistance 3 (80.28). In general, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.
EUR/USD Intraday Technical Levels for November 8, 2012
TODAY's TECHNICAL LEVELS: Breakout BUY Level: 1.2811. Strong Resistance: 1.2809. Original Resistance: 1.2797. Inner Sell Area: 1.2784. Target Inner Area: 1.2754. Inner Buy Area: 1.2721. Original Support: 1.2711. Strong Support: 1.2698. Breakout SELL Level: 1.2689.
DESCRIPTION: Today EUR/USD has support and resistance at 1.2711 and 1.2797. The rate is accompanied by strong support at 1.2698 and by 1.2809 as strong resistance. If EUR/USD breaks out and closes below 1.2689 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.2811 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2721 and at 1.2784, a SELL position. In this case both targets should be located at the level of 1.2754.
Performed by Arief Makmur, Analytical expert InstaForex Companies Group � 2007-2012
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DDG |
Nov 9 2012, 07:34 AM
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Active Money Maker
Group: Blog/Monitor Partners
Posts: 389
Dream Points: 722
Experience Points: 439
Joined: 9-May 07
Member No.: 17,187
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EUR/CHF: Technical Analysis (Long Term) for November 9, 2012
Forecast: At 1.2000 / 1.2050 a strong level (Support) will be formed providing a clear signal for buy deals with the target seen at the 1.2270 level. Stop loss is to be placed below 1.1850.
Overview: EUR/CHF: The market is still showing signs of strength following the break above 1.2000, now it could rebuy at the spot of 1.2060. Therefore, it will turn to a strong support. In such case, a stronger rise should be seen towards 1.2270 resistance for confirmation. Moreover, the trend is still above 50% Fibonacci retracement level, thus it will be a good sign to buy above 1.2 (rebuy at 1.2050), and sell below 1.1975.
Types of Analysis: - Fundamental analysis: the Swissie is also quoted amid the promise to �buy unlimited euro� in order to support this market. - Technical analysis: on a daily chart the level of 1.2 coincides with the golden ratio (61.8% of Fibonacci retracement levels), then it indicates a bullish market. - Sentiment analysis: psychological level is at 1.2000, in this case one should be patient to keep the trade till the end. - Money management: always invest 3% - 7% of the capital (composite) per all trades, always risk (stop loss) 1% - 5% of the capital per all trades, and always trade high risk ratio - trade at least 1/2. - Period: long-term. - Stop loss must be set at 1.1975.
Performed by Mourad El Keddani, Analytical expert InstaForex Companies Group � 2007-2012
EUR/USD Intraday Technical Levels for November 9, 2012
TODAY's TECHNICAL LEVELS: Breakout BUY Level: 1.2796. Strong Resistance: 1.2789. Original Resistance: 1.2777. Inner Sell Area: 1.2765. Target Inner Area: 1.2735. Inner Buy Area: 1.2704. Original Support: 1.2693. Strong Support: 1.2680. Breakout SELL Level: 1.2673.
DESCRIPTION: Today EUR/USD has support and resistance at 1.2693 and 1.2777. The rate is accompanied by strong support at 1.2680 and by 1.2789 as strong resistance. If EUR/USD breaks out and closes below 1.2673-level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.2796 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2704 and at 1.2765, a SELL position. In this case both targets should be located at the level of 1.2735.
Performed by Arief Makmur, Analytical expert InstaForex Companies Group � 2007-2012
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DDG |
Nov 14 2012, 07:45 AM
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Active Money Maker
Group: Blog/Monitor Partners
Posts: 389
Dream Points: 722
Experience Points: 439
Joined: 9-May 07
Member No.: 17,187
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EUR/USD Intraday Technical Levels for November 14, 2012
QUOTE TODAY's TECHNICAL LEVELS:Breakout BUY Level: 1.2770. Strong Resistance: 1.2763. Original Resistance: 1.2751. Inner Sell Area: 1.2739. Target Inner Area: 1.2709. Inner Buy Area: 1.2679. Original Support: 1.2667. Strong Support: 1.2655. Breakout SELL Level: 1.2647. DESCRIPTION:Today EUR/USD has support and resistance at 1.2667 and 1.2751. The rate is accompanied by strong support at 1.2655 and by 1.2763 as strong resistance. If EUR/USD breaks out and closes below 1.2647 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.2770 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2679 and at 1.2739, a SELL position. In this case both targets should be located at the level of 1.2709. Performed by Arief Makmur, Analytical expert InstaForex Companies Group � 2007-2012
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DDG |
Nov 15 2012, 08:29 AM
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Active Money Maker
Group: Blog/Monitor Partners
Posts: 389
Dream Points: 722
Experience Points: 439
Joined: 9-May 07
Member No.: 17,187
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GOLD Intraday Technical Analysis 2012-11-15
Gold is currently testing the upper limit of its medium-term bearish channel at 1,733 suggesting a decline. However, a break of these levels will initiate a violent bullish channel. Technical indicators provide sell signals and until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.
Gold is currently testing the upper limit of its channel, we suggest 2 scenarios. The first one is the hypothesis of a decline where we recommend a sell on the level of 1,733 with the 1st objective at 1,723 and then at 1,720. A breakthrough of 1,736 will invalidate this scenario. The second scenario is a break of its resistance where we advise a �buy stop� which means to buy gold as soon as it is broken through its resistance of 1,733 with the 1st objective at 1,743 and then at 1,745. A breakthrough of 1,730 will invalidate this scenario.
Performed by Albert Fitoussi, Analytical expert InstaForex Companies Group � 2007-2012
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