Analytics

Daily Forex Analytics from Instaforex to get more Pips

  • GBP/USD intraday technical analysis and trading recommendations for January 23, 2013

    The GBP/USD pair started the new year with a sharp bullish move above 1.6300. As we see on the daily chart, the last push has ended up expressing significant bearish price action indicating a false break above 1.6300 establishing a significant resistance zone. Price levels 1.6115, 1.6080, and 1.6000 have been broken down confirming the bearish bias for the pair; these levels were lost as support triggered considerable bearish momentum which was ...

    Posted at January 23, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • USD/JPY: Downside

    Overview: USD/JPY is trading in lower range. The rate is undermined by continued profit-taking on yen-shorts after Bank of Japan said it would adopt a 2% inflation target at the earliest possible time, while announcing an open-ended asset purchase program which only starts in 2014 when its existing program expires, disappointing market participants with the timing of the new measures. USD/JPY is also weighed by Japan exporter sales; ...

    Posted at January 23, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • Daily trading forecasts for January 23, 2013

    EUR/USD:  The EUR/USD is still trading in a range, i.e. between the resistance line of 1.3350 and the support line of 1.3300. There must be a break beyond either of this before the next price direction could be determined. Before this, the price would continue to move sideways in that zone.     USD/CHF: The bearish threat is gathering momentum on this pair, as the price stays below the resistance ...

    Posted at January 23, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • NZD/USD technical analysis (Resistance: 0.8440) for January 22, 2013

    Overview: The NZD/USD pair is expected to continue moving from the point of 0.8379 (it will call for a strong level). Thus, the kiwi shows the signs of strength following the breakdown of the highest level 0.8379. This fact can be considered as a good signal for Buy deals above this strong support (0.8379) with the first targets at 0.8415 and 0.8440 (the level of 0.8440 will serve as ...

    Posted at January 23, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GBP/USD technical analysis for January 23, 2013

    DESCRIPTION: The GBP/USD now trapped in a Sideways situation between the support 1.5825 and the resistance 1.5875, breakout from one of that level will lead this currency to the significant movement. Recommendation: Buy at 1.5876. Stop Loss at 1.5866. Take Profit at 1.5890. OR Sell at 1.5799. Stop Loss at 1.5829. Take Profit at 1.5755. Best regards, Arief Makmur Official Analyst of InstaForex Companies Group InstaForex Companies Group http://instaforex.com Email : [email protected]    Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, ...

    Posted at January 23, 2013 | By : | Categories : Forex Analysis | 0 Comment