Analytics

Daily Forex Analytics from Instaforex to get more Pips

  • EUR/NZD Elliott Wave analysis for March 13, 2013

    Today's support and resistance levels: S1: 1.5788             R1: 1.5832 S2: 1.5750             R2: 1.5878 S3: 1.5718             R3: 1.5933 Technical overview: We are still looking for resistance at 1.5832 and more importantly resistance at 1.5878 to protect the upside for a break below support at 1.5767 and more importantly support at 1.5718, which will call for a test of the ...

    Posted at March 13, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • Daily trading forecasts (March 13, 2013)

    EURUSD: The weak bullish correction on EURUSD would give a good opportunity to sell short at a dearer price in the context of a downtrend. The downtrend is still intact, and the price is not supposed to go above the resistance level of 1.3100. The indicators on the chart support a bearish outlook. USDCHF: USDCHF is experiencing a pullback – since the beginning of this week.  The pullback is not yet significant enough ...

    Posted at March 13, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EUR/USD. Forecast for March 13, 2013

    Yesterday it was known that the European Union supports the idea to stop pressing Spain in terms of severe austerity measures. Amid the information the euro rose. However, the possible reason why the markets grew is the possibility of war between North Korea and South Korea. Tension continued to escalate on Tuesday as North Korea intensified threats against South Korea. The regime has cut off an emergency hotline with the South and declared the end of ...

    Posted at March 13, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • USD/CHF: Bearish bias

    Overview: USD/CHF is trading in lower range. The rate is undermined by broadly weaker demand for safe-haven USD amid stronger risk tolerance and CHF demand on strong CHF/JPY as negative JPY sentiment supports the cross; CHF demand on retreating EUR/CHF cross. Daily chart is still positive-biased as MACD is bullish, while stochastics stays elevated at overbought, five- and 15-day moving averages are rising; although inside-day-range pattern was completed ...

    Posted at March 12, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • USD/CAD intraday technical analysis and trading recommendations for March 12, 2013

      The USD/CAD is holding firmly above its broken resistance at 1.0100 level, further upside movement might be expected. However, lack of the bullish steam seemed to exist last week. This exposed 1.0260 level, where a breakthrough allowed the rally towards 1.0300 level. Further 1.0350 level stands as the next possible upside target. Last week we got some bearish rejection around 1.0300, which was followed by multiple days of indecision ...

    Posted at March 12, 2013 | By : | Categories : Forex Analysis | 0 Comment