Technical analysis of EUR/USD for August 11, 2014 Trend News

There is no economic indicator data to be released by The Euro Zone and the US today, so amid this condition, the EUR/USD will move with low volatility during this day.

TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.3468.

Strong Resistance:1.3460.

Original Resistance: 1.3447.

Inner Sell Area: 1.3434.

Target Inner Area: 1.3402.

Inner Buy Area: 1.3370.

Original Support: 1.3357.

Strong Support: 1.3344.

Breakout SELL Level: 1.3336.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via Technical analysis of EUR/USD for August 11, 2014 . Thanks for your support on Technical analysis of EUR/USD for August 11, 2014

Technical analysis of USD/JPY for August 11, 2014 Trend News

In Asia, Japan will release the Tertiary Industry Activity m/m, M2 Money Stock y/y, BOJ Monthly Report, Consumer Confidence, Prelim Machine Tool Orders y/y and the US will not release any economic data sfor today. So there is a big probability for the USD/JPY will move with low to medium volatility during the Asian session, but with low volatility during the US session.

TODAY's TECHNICAL LEVELS:

Resistance. 3: 102.63.

Resistance. 2: 102.43.

Resistance. 1: 102.23.

Support. 1: 101.98.

Support. 2: 101.78.

Support. 3: 101.58.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via Technical analysis of USD/JPY for August 11, 2014 . Thanks for your support on Technical analysis of USD/JPY for August 11, 2014

Weekly forecast and intraday analysis of GBP/USD for August 11-15, 2014 Trend News

Weekly forecast for August 11-15, 2014

The cable has been making lower lows and lower highs for the last 5 weeks in a row. The prices are trading below the 20WSma. As of now, it made a low at 1.6771, held above the previous week's low in early Asia's session. On the downside, it has support at 1.6739 and 1.6699-1.6690. The cable will face huge selling pressure again, but only below 1.6690 towards 1.666 and 1.66.

Support: 1.6747-1.6738, 1.69-1.6690, 1.6661.

Resistance: 1.6842, 1.6893, 1.6922.

We recommend selling only below 1.6739 for a target at 1.67, 1.6690 and 1.666. Until the pair closes below 1.6890, selling on an up move will be favorable this week. On the down side, below 1.6739, strong selling will emerge again at 1.67, 1.6690 and 1.666.

Key monthly support levels- 1.6690 and 1.6648-1.6636.

The bulls close above 1.6890 as soon as they can, until that, 1.67-1.6693, 1.6648 and 1.6555 are open targets on the down side.

Intraday cmp 1.6777

The pair has been making a minor support base at 1.6767. The oversold oscillators in the H4 chart help the pair not to extend its fall to much lower levels. The prices are trading below the two key hourly moving averages. The pair has initial resistance at 1.6790, above this, it can fly up to 1.6828 and 1.6835. We can see a strong momentum once the pair is able to breach above 1.6835 for an extended upside target at 1.6860 and 1.6885 levels. The pair has support at 1.6767, below this, 1.6739.

Support: 1.6767, 1.6739, 1.67

Resistance: 1.6790, 1.6835, 1.6885

We recommend selling only below 1.6739

Buy above 1.6790, strong up move is only above 1.6835

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via Weekly forecast and intraday analysis of GBP/USD for August 11-15, 2014 . Thanks for your support on Weekly forecast and intraday analysis of GBP/USD for August 11-15, 2014

Technical analysis of EUR/JPY for Aug 11, 2014 Trend News

Technical outlook and chart setups:

1. The EUR/JPY pair has printed fresh lows around 135.70/80 levels before pulling back sharply as seen on the chart view here. A hammer has been produced on the daily chart indicating that a bullish reversal/pull back may be on cards. Waiting for further confirmation to go long.

2. Support is seen at 135.70 (interim), followed by 134.00 levels and lower while resistance is seen at 138.00, followed by 139.20 and higher respectively.

3. The structure indicates that EUR/JPY could possibly begin a pull back rally from current lows.

Trading recommendations:

Remain flat for now. Look for further confirmation to go long again.

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via Technical analysis of EUR/JPY for Aug 11, 2014 . Thanks for your support on Technical analysis of EUR/JPY for Aug 11, 2014

Technical analysis of Gold for Aug 11, 2014 Trend News

Technical outlook and chart setups:

1. Gold reverses just shy of $1,324.00/25.00 levels as seen here. The metal is pulling back at the moment and $1,316.00 is seen as short-term resistance for now. Look to go long again or add further positions at lower levels again.

2. Support is seen at $1,296.00 (fibonacci), followed by $1,280.00, $1,260.00 and lower while resistance is seen at $1,340.00/50, followed by $1,388.00 and higher up respectively.

3. The structure indicates that Gold is retracing at the moment. Levels of interest to initiate long position is $1,295.00 levels.

Trading recommendations:

Remain long or add dd further at $1,295.00.

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via Technical analysis of Gold for Aug 11, 2014 . Thanks for your support on Technical analysis of Gold for Aug 11, 2014

Weekly forecast and an intraday analysis of EUR/USD for August 11-15, 2014 Trend News

Weekly forecast for August 11-15, 2014

The pair hit the 50MSma and closed below шею Also it hit the 100WSma but closed above it. The pair has been making lower lows and lower highs for a row of 5 weeks. This week, in early Asia's session the pair made a mild bearish opening, higher at 1.3410. The pair has support at 1.3360 (100WSma), below this, 1.3332 will act as a minor support break, below this, again, it will make a new low at 1.33/1.3295 (November 2013, low). On the north side, it has resistance at 1.3444, above this, it can fly up to 1.3545 levels. "Selling the rally" will mint the money.

Support 1.3332 1.3295 1.3245

Resistance 1.3444 1.35 1.3545

Intraday cmp 1.3402

The pair made a high at 1.3432 and started correcting from there. Currently, the pair is trading at 10hrs low near the support level of 1.3390 (34hrsma), below this, 1.3385 (12ema) and 1.3373 (21hrsma). The pair will face selling pressure below 1.3350 towards the previous low at 1.3334 and 1.3295 levels.

Hourly- We recommend to buy only above 1.3416.

Intraday- Safe selling is only below 1.3350 or sell with sl 1.3416.

Strong up move is only above 1.3445 towards 1.3485, 1.35 and 1.3550.

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via Weekly forecast and an intraday analysis of EUR/USD for August 11-15, 2014 . Thanks for your support on Weekly forecast and an intraday analysis of EUR/USD for August 11-15, 2014

Daily analysis of USDX for August 11, 2014 Trend News

Daily chart: The USDX remains below the resistance level of 81.50. That level has remained very strong in recent days, so the USDX has not been able to progress more bullish on the road. If the USDX does make a breakout at that level, it would be expected to rise to the level of 82.51. The MACD indicator is entering negative territory.

H4 chart: The USDX continues to find support at the 81.58 level, where this instrument has made rebounds for many times to try to make a breakout at the level of 81.60, but without success. However, if the USDX does make a breakout at the 81.02 level, it is expected to fall to the support level of 80.60. The MACD indicator is in negative territory.

H1 chart: The USDX remains above the 200 SMA and the support level of 81.40, so it is very likely that this instrument will go up to the resistance level of 81.58. However, if the USDX does make a breakout at 81.40 level, it is expected to fall to the support level of 81.19. MACD indicator is in positive territory.

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 81.58, take profit is at 81.73, and stop loss is at 81.43.

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via Daily analysis of USDX for August 11, 2014 . Thanks for your support on Daily analysis of USDX for August 11, 2014

Daily analysis of GBP/USD for August 11, 2014 Trend News

Daily chart: The GBP/USD has begun to form a higher low pattern above the support level of 1.6766, because in the previous session, the pair had a fairly steep decline. If the GBP/USD manages to make a breakout at that level, it would be expected to fall to the support level of 1.6663. The MACD indicator is in negative territory.

H4 chart: This pair is trying to make a breakout at the level of 1.6762, where the GBP/USD has begun to form a fractal. This pair is likely to make a rebound at current levels, although the bearish force is becoming more solid. If the GBP/USD manages to make a breakout at the level of 1.6841, it is expected to rise to the level of 1.6900.

H1 chart: The GBP/USD has made a successful breakout at the level of 1.6800 and now, the GBP/USD is trying to form a bearish pattern below that level. If the pair manages to make a breakout at the support level of 1.6750, it would be expected to fall to the 1.6700 level in the short term. The MACD indicator is in neutral territory.

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.6750, take profit is at 1.6700, and stop loss is at 1.6800.

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via Daily analysis of GBP/USD for August 11, 2014 . Thanks for your support on Daily analysis of GBP/USD for August 11, 2014

Intraday technical levels and trading recommendations on GBP/USD for August 8, 2014 Trend News

Breakdown of the DEMAND level around 1.6975 allowed quick decline of the GBP/USD pair towards the price zone of 1.6800-1.6820.

At retesting the price zone of 1.6800-1.6820, considerable bullish recovery took place. This bullish movement was formed below 1.6880.

On Wednesday, the GBP/USD pair declined again towards 1.6827. This came after the release of the British manufacturing data, which came below expectations.

In case the bears keep applying bearish pressure, we expect the pair to visit the price level of 1.6760 ( previous broken top established in February 2014 ).

As expected, the price zone between 1.7140 - 1.7170 provided evident bearish price action.

A pattern of multiple tops was confirmed after breakdown of the depicted bullish channel. Moreover, successive bearish targets were already reached last week.

As expected, the GBP/USD bears could have kept their SELL positions up to the price level of 1.6830 where the current Demand Level is located.

The price zone of 1.6830 - 1.6800 remains a significant zone as it corresponds to a previous consolidation zone established in June. However, 4H breakdown of this zone exposed price level around 1.6760 and 1.6730 to come next.

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via Intraday technical levels and trading recommendations on GBP/USD for August 8, 2014 . Thanks for your support on Intraday technical levels and trading recommendations on GBP/USD for August 8, 2014