Technical analysis of EUR/USD for September 25, 2014 Market Analysis Review

When the European market opens, some economic news will be released such as M3 Money Supply y/y, Private Loans y/y, Italian Retail Sales m/m. The US will release economic data too such as the Core Durable Goods Orders m/m, Durable Goods Orders m/m, Unemployment Claims, Flash Services PMI,Natural Gas Storage, so amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.2840.

Strong Resistance:1.2833.

Original Resistance: 1.2820.

Inner Sell Area: 1.2807.

Target Inner Area: 1.2777.

Inner Buy Area: 1.2747.

Original Support: 1.2734.

Strong Support: 1.2721.

Breakout SELL Level: 1.2714.

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 daily market trends and news you may visit via Technical analysis of EUR/USD for September 25, 2014 . Thanks for your support.

Technical analysis of USD/JPY for September 25, 2014 Market Analysis Review

In Asia, Japan will release the SPPI y/y, and the US will release some economic data such as Core Durable Goods Orders m/m, Durable Goods Orders m/m, Unemployment Claims, Flash Services PMI,Natural Gas Storage. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 109.68.

Resistance. 2: 109.47.

Resistance. 1: 109.25.

Support. 1: 108.99.

Support. 2: 108.77.

Support. 3: 108.56.

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 daily market trends and news you may visit via Technical analysis of USD/JPY for September 25, 2014 . Thanks for your support.

Technical analysis of Silver for September 25, 2014 Market Analysis Review

Technical outlook and chart setups:

Silver remains more or less unchanged structurally, and still trading below $18.00 levels as depicted on the 1H chart view. The metal seems to be pulling back from fibonacci 0.382 resistance of the drop between $18.90 and $17.30 levels as seen here. Furthermore, Silver would remain in the sell zone till prices are below $18.50/60 mark. The line of resistance is now passing just below the $18.40 levels and only a break above could bring back control to bulls. The $18.30/40 region remains ideal to initiate short positions, on a bearish signal appearance. Resistance remains at $18.60/90 levels while interim support is at $17.30 for now.

Trading recommendations:

Remain flat for now. Watch out for a reaction at $18.40 levels.

Good luck!

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



For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of Silver for September 25, 2014 . Thanks for your support.

USDX: Daily analysis for September 25, 2014 Market Analysis Review

Daily chart: The USDX is trying to make a breakout on the resistance level of 85.18 and now the USDX is forming a bullish pattern. If successful, it is expected to rise to the resistance level of 86.20, that would be a strong bullish consolidation in the long term for this instrument. The MACD indicator is entering overbought area.

H4 chart: The USDX has made a rebound on the support level of 84.52, so far, the USDX is trying to break out the resistance level of 85.06. If successful, the next target would be the 86.25 level, where the bullish trend line is. However, the USDX could make a pullback at current levels. The MACD indicator remains in positive territory.

H1 chart: The USDX is forming a higher high pattern above the support level of 84.81. If the USDX manages to consolidate above the 85.03 level, the next target would be the resistance level of 85.27, but we must remember that the USDX is overbought in this chart. The MACD indicator remains 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 85.03, take profit is at 85.27, and stop loss is at 84.81.

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



For detail explanation and best discovery on daily market trends and news you may visit via USDX: Daily analysis for September 25, 2014 . Thanks for your support.

Daily analysis of GBP/USD for September 25, 2014 Market Analysis Review

Daily chart: The GBP/USD continues to try to strengthen the bullish pattern above the support level of 1.6326. Probably for the rest of the week, the pair continues to move in the range below the resistance level of 1.6447. If the GBP/USD manages to make a breakout at the support level of 1.6326, it would be expected to fall to the level of 1.6235. The MACD indicator is in positive territory.

H4 chart: This pair has formed a fractal below the resistance level of 1.6435. The GBP/USD may fall to the support level of 1.6247 in the coming hours, because this pair still remains below the 200 SMA. If GBP/USD manages to make a breakout at the support level of 1.6247, the next target would be the 1.6051 level. The MACD indicator remains in negative territory.

H1 chart: The GBP/USD has had a sharp decline from the level of 1.6415 and now this pair is consolidating below the resistance level of 1.6375. The GBP/USD is trying to form a lower low pattern above the 200 SMA. If GBP/USD manages to make a breakout at the support level of 1.6338, it would be expected to fall to the level of 1.6291. The MACD indicator remains in negative territory.

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.6375, take profit is at 1.6419, and stop loss is at 1.6329.

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



For detail explanation and best discovery on daily market trends and news you may visit via Daily analysis of GBP/USD for September 25, 2014 . Thanks for your support.

USDCAD Daily Analysis - September 25, 2014 Forex Analysis

USDCAD broke above 1.098 resistance, indicating that the uptrend from 1.0810 has resumed. Further rise could be expected over the next several days, and next target would be at 1.1200 area. Support is at 1.0985, as long as this level holds, the uptrend will continue.

For more short term forex analysis and info visit via USDCAD Daily Analysis - September 25, 2014 . Thanks for your support.

USDCHF Daily Analysis - September 25, 2014 Forex Analysis

USDCHF continued its upward movement from 0.8997, and the rise extended to as high as 0.9462. Further rise could be expected, and next target would be at 0.9600 area. Support is located at the upward trend line on 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

For more short term forex analysis and info visit via USDCHF Daily Analysis - September 25, 2014 . Thanks for your support.

USDJPY Daily Analysis - September 25, 2014 Forex Analysis

USDJPY moved sideways in a narrow range between 108.24 and 109.45, as long as 108.24 key support holds, the price action in the range could be treated as consolidation of the uptrend from 101.50, one more rise to 110.00 area is still possible after consolidation. On the downside, a breakdown below 108.24 support will signal completion of the uptrend, then the following downward movement could bring price back to 106.50 area.

For more short term forex analysis and info visit via USDJPY Daily Analysis - September 25, 2014 . Thanks for your support.

AUDUSD Daily Analysis - September 25, 2014 Forex Analysis

AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9401, the rise from 0.8831 is likely consolidation of the downtrend. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.8700 area. Key resistance is at 0.8930, only break above this level could signal completion of the downtrend.

For more short term forex analysis and info visit via AUDUSD Daily Analysis - September 25, 2014 . Thanks for your support.

GBPUSD Daily Analysis - September 25, 2014 Forex Analysis

GBPUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 1.6051 had completed at 1.6524 already. Deeper decline to test 1.6283 support could be seen, a breakdown below this level will target 1.6100 area. Resistance is at 1.6420, only break above this level could trigger another rise towards 1.6700.

For more short term forex analysis and info visit via GBPUSD Daily Analysis - September 25, 2014 . Thanks for your support.

EURUSD Daily Analysis - September 25, 2014 Forex Analysis

EURUSD continued its downward movement from 1.3411 and the fall extended to as low as 1.27734. Further decline could be expected and next target would be at 1.2600 area. Near term resistance is at the downward trend line on 4-hour chart, only a clear break above the trend line resistance could signal completion of the downtrend.

For more short term forex analysis and info visit via EURUSD Daily Analysis - September 25, 2014 . Thanks for your support.

Technical analysis of USD/JPY for Sep 24, 2014 Market Analysis Review

Fundamental Overview:

USD/JPY is expected to trade in a higher range. It is underpinned by the broad USD strength amid escalation of risk aversion as the U.S. stepped up its involvement in Syria in the fight against Islamic State militants. USD sentiment is also boosted by the Markit flash U.S. September manufacturing PMI coming in at 57.9, unchanged versus August's reading and keeping the index at a 52-month high and rise in U.S. Richmond Fed manufacturing index to 14 in September from 12 in August. USD/JPY is also supported by the ultra-loose Bank of Japan's monetary policy and demand from Japan importers. But USD/JPY gains are tempered by the Japan exporter sales, lower U.S. Treasury yields (10-year at 2.527% versus 2.567% late Monday), selling of yen crosses amid decreased risk appetite (VIX fear gauge rose 9.06% to 14.93, S&P 500 fell 0.58% overnight) as investors' concern mount over global economic growth after a gauge of activity in the eurozone's manufacturing and services sectors for September fell to its lowest level for the year.

Technical comment:
Daily chart is positive-biased as MACD is bullish, stochastics stays elevated at the overbought zone, 5 and 15-day moving averages are advancing.

Trading recommendations:
The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As long as the price is keeping above its pivot point, a long position is recommended with the first target at 109.10 and the second target at 109.45. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 108.15. A break of this target would push the pair further downwards and one may expect the second target at 107.65. The pivot point is at 108.45.

Resistance levels:

109.10

109.45

110

Support levels:

108.15

107.65

107.10

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



For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of USD/JPY for Sep 24, 2014 . Thanks for your support.

Technical analysis of USD/CHF for Sep 24, 2014 Market Analysis Review

Fundamental Overview:

USD/CHF is expected to trade in a higher range.It is supported by the broad USD strength amid escalation of risk aversion as the U.S. stepped up its involvement in Syria in the fight against Islamic State militants. USD sentiment is also boosted by Markit flash U.S. September manufacturing PMI coming in at 57.9, unchanged versus August's reading and keeping the index at a 52-month high amd rise in U.S. Richmond Fed manufacturing index to 14 in September from 12 in August., contagion from weak EUR on CHF and dovish Swiss National Bank's monetary policy.

Technical Comments:
Daily chart is positive-biased as MACD is bullish, stochastics stays elevated at the overbought zone, five and 15-day moving averages are advancing.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As long as the price is keeping above its pivot point, a long position is recommended with the first target at 0.9460 and the second target at 0.9480. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 0.9380. A break of this target would push the pair further downwards and one may expect the second target at 0.9340. The pivot point is at 0.9400.

Resistance levels:

0.9460

0.9480

0.9500



Support levels:

0.9380

0.9340

0.9295

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



For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of USD/CHF for Sep 24, 2014 . Thanks for your support.

Technical analysis of GBP/JPY for Sep 24, 2014 Market Analysis Review

Fundamental Overview:

GBP/JPY is expected to consolidate in a higher range. It is supported by the buoyant USD/JPY undertone, GBP demand on buoyant GBP/AUD, GBP/NZD, GBP/CAD crosses; sterling demand on soft EUR/GBP cross; expectations of rate increases from Bank of England early 2015 and demand from Japanese importers. But GBP/JPY upside is limited by the weak EUR sentiment and Japanese export sales.

Technical Comment:
Daily chart is mixed as MACD is bullish, five-day moving average is above 15-day MA and is advancing; but stochastics is bearish at the overbought zone.

Trading recommendations:
The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As long as the price is keeping above its pivot point, a long position is recommended with the first target at 179.15 and the second target at 179.90. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 177.25. A break of this target would push the pair further downwards and one may expect the second target at 176.75. The pivot point is at 178.50.

Resistance levels:

179.15

179.90

180.35

Support levels:

177.25

176.75

175.80

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



For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of GBP/JPY for Sep 24, 2014 . Thanks for your support.

Technical analysis of NZD/USD for Sep 24, 2014 Market Analysis Review

Fundamental Overview:

NZD/USD is expected to consolidate with a bearish bias after hitting one-year low at 0.8040 on Tuesday. It is undermined by the Fonterra Co-Operative Group Ltd. lowering its forecast for payouts to farmers to NZ$5.30 per kilogram of milk solids from a prior forecast of NZ$6.00 and signaling further downside risk amid declines in global dairy prices , Kiwi sales on soft NZD/JPY cross amid increased investor risk aversion and Kiwi sales on rebounding AUD/NZD cross. But NZD sentiment are soothed by the narrower-than-expected New Zealand August trade deficit of NZ$472 million (versus forecast NZ$1.1 billion deficit). NZD/USD losses are also tempered by the NZD-USD interest differential.

Technical Comment:
Daily chart is negative-biased as MACD is bearish, stochastics stays suppressed at the oversold zone, 5 and 15-day moving averages are falling.

Trading recommendations:
The pair is trading below its pivot point. It is likely to trade in a lower range as far as it remains below its pivot point. Short position is recommended with the first target at 0.8035. A break of this target will move the pair further downwards to 0.800. The pivot point stands at 0.8095. In case the price moves in the opposite direction and bounces back from the support level, then it will moves above its pivot point. It is likely to move further to the upside. In that scenario, a long position is recommended with the first target at 0.8145 and the second target at 0.8180.

Resistance levels:

0.8145

0.8180

0.82

Support levels:

0.8035

0.800

0.7975

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



For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of NZD/USD for Sep 24, 2014 . Thanks for your support.

EUR/NZD analysis for September 24, 2014 Market Analysis Review

Overview:

Since our last analysis, EUR/NZD has been trading upwards. As we expected, the price tested the level of 1.5978 in an average volume according to the daily chart. Our Fibonacci expansion 100% at the price of 1.6000 almost got tested. If the price breaks the level of 1.6010 in a higher volume, we may see potential testing the level of 1.6200 (swing high like resistance). Anyway, be careful when buying at this stage since the price is near the resistance level. My advice is to wait for retracement and then to build buying positions.

Daily Fibonacci pivot levels :

Resistance levels:

R1: 1.5983

R2: 1.6028

R3: 1.6101

Support levels:

S1: 1.5837

S2: 1.5792

S3: 1.5719

Trading recommendations: Be careful when selling the EUR/NZD pair since we may see further upward movement.

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



For detail explanation and best discovery on daily market trends and news you may visit via EUR/NZD analysis for September 24, 2014 . Thanks for your support.

Gold : analysis for September 24, 2014 Market Analysis Review

Overview:

Since our last analysis, gold has been trading downwards. As we expected, the price tested the level of 1,221.51 in an ultra high volume. According to the 4H time frame, we can observe strong rejection from our Fibonacci retracement 61.8% at the price of 1,229.00, which is a sign that buying looks very risky. I have placed Fibonacci retracement to find potential support levels and I got Fibonacci retracement 61.8% at the price of 1,218.00. Watch for potential selling opportunities.

Daily pivot Fibonacci points:

Resistance levels:

R1: 1,233.09

R2: 1,238.35

R3: 1,246.87

Support levels

S1: 1,216.05

S2: 1,210.79

S3: 1,202.97

Trading recommendations: Buying still looks risky since we got strong rejection from our Fibonacci retracement 61.8%

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



For detail explanation and best discovery on daily market trends and news you may visit via Gold : analysis for September 24, 2014 . Thanks for your support.

Technical analysis of NZD/USD for September 24, 2014 Market Analysis Review

Trading recommendations :

Time frame: Daily.

• According to previous events, the price of NZD/USD pair has still been trapped between 0.8133 and 0.8010 in the long term.


• Buy above the level of 0.7990 (23.6% of Fibonacci retracement levels) with the first target of 0.8070, it might resume moving to 0.8150 and the price will form a new top at this level. The level of 0.8150 will represent a strong resistance today.


• Below the level 0.8150 look for further downside with 0.8055 and 0.7990 targets.

Review :

• It should be noted that the market was rather stable and the downward trend was also clear.


• Expect a range of 160 pips as a downtrend from the level of 0.8150.


• A strong support level will be formed at the price of 0.7990.


• The value of 38.2% Fibonacci retracement levels has set at the 0.8151 level. So, the ratio of 38.2% is going to act as major resistance. Moreover, it is the key level to confirm the bearish market.

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



For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of NZD/USD for September 24, 2014 . Thanks for your support.

Technical analysis of GBP/USD for September 24, 2014 Market Analysis Review

Overview :

• Due to the previous events, the price is still between the levels of 1.6324 (the weekly pivot point) and 1.6445, so it is recommended to be careful while making deals in this area. Therefore, it is necessary to wait till the sideways channel is passed through. Thus, the range of the GBP/USD pair will be around 80 pips today. Also, it should be noticed that the weekly pivot point is going to act as a strong support on 24 September, 2014. Then the market will probably show the signs of a bullish trend. In other words, buy deals are recommended above 1.6324 level with their first target at the level of 1.6400. From this point, the pair is likely to begin an ascending movement to the point of 1.6485 ( the weekly resistance 1) and further to the level of 1.6523 ( the double top). However, if the pair fails to pass through the level of 1.6523, the market will indicate a bearish opportunity below the strong resistance level of 1.6523. In this regard, sell deals are recommended lower than the 1.6520 level with the first target at 1.6410. It is possible that the pair will turn downwards continuing the development of the bearish trend to the level 1.6360 then 1.6324 (the weekly pivot point).

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



For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of GBP/USD for September 24, 2014 . Thanks for your support.

Elliott wave analysis of EUR/NZD for September 24 - 2014 Market Analysis Review

Today's support and resistance levels:

R3: 1.5983

R2: 1.5969

R1: 1.5936

Current spot: 1.5924

S1: 1.5901

S2: 1.5883

S3: 1.5860

Technical summary:

We saw the expected strong rally above 1.5859 and it should just be a matter of time before the next strong rally kicks in. This time we should see a break above the base-channel resistance-line near 1.5985 for an acceleration higher to 1.6203 on the way higher to 1.6407. In the short term, only a break below 1.5883 will delay the expected upside rally for a move closer to 1.5860 before the next rally higher.

Trading recommendation:

We are long in EUR from 1.5826 and will move our stop higher to 1.5790. If you are not long in EUR yet, then buy a break above 1.5936 with the same stop at 1.5790.

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



For detail explanation and best discovery on daily market trends and news you may visit via Elliott wave analysis of EUR/NZD for September 24 - 2014 . Thanks for your support.

Elliott wave analysis of EUR/JPY for September 24 - 2014 Market Analysis Review

Today's support and resistance levels:

R3: 140.22

R2: 139.96

R1: 139.76

Current spot: 139.52

S1: 139.36

S2: 139.27

S3: 139.13

Technical summary:

We expect support at 139.27 will be able to protect the downside for a break above minor resistance at 139.76 and more importantly a break above resistance at 140.22, that would call for a strong rally to 141.21 and above for a continuation towards strong resistance at 143.79, where the real battle will unfold. A break above 143.79 will call for much higher levels, but for now, let's see if support at 139.27 will be able to protect the downside, if not it will merely delay the expected upside pressure and the downside progress should be limited.

Trading recommendation:

We are long in EUR from 135.95 with our stop placed at 139.05. If you are not long in EUR yet, then buy EUR near 139.27 or upon a break above 139.76 with the same stop at 139.05

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



For detail explanation and best discovery on daily market trends and news you may visit via Elliott wave analysis of EUR/JPY for September 24 - 2014 . Thanks for your support.

#USDX Technical analysis for September 24, 2014 Market Analysis Review

The Dollar index remains near its highs consolidating. The short-term trend remains neutral. Price is still below important resistance at 85. In case a confirmed break occurs above, it will be a very bullish sign. A rejection at the current levels could bring the index towards 82-81.

Red line = resistance

The short-term trend remains neutral. Price is mainly moving sideways hitting the resistance level from below but still getting rejected. Resistance is at 84.80-85 area. Breaking above this area will open the way for a sharp rise towards 86. I prefer to stay neutral and wait for a confirmed signal. Breaking below the Ichimoku cloud at 84.30 will not be a good sign for bulls.

Red line = resistance

In the daily chart above, we see the longer-term trend remains bullish but the sideways action below the strong resistance at 84.80-85 is making us sceptical if bulls have the power to make a break out now. Important daily support is found at 84.20 and if broken this could signal a start of a deeper decline towards 82 or even 81. Bulls should be very cautious now. Very bullish signal if we break and close above 84.80.

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



For detail explanation and best discovery on daily market trends and news you may visit via #USDX Technical analysis for September 24, 2014 . Thanks for your support.

Gold Technical analysis for September 24, 2014 Market Analysis Review

Gold price has given a short-term buy signal yesterday after breaking above $1,230 resistance. Gold price has spiked just above $1,234 and pulled back towards $1,220-25 support area. The short-term trend has changed to bullish and we could see a stronger bounce towards $1,250 as long as we trade above $1,215.

Blue line = support

Green line = price channel

Gold price remains in a longer-term a down trend. Price is still below the Ichimoku cloud and inside the downward sloping channel. Price has made a strong bounce from $1,208 to $1,234 and there is still a chance we could see this bounce move higher towards $1,250.

Blue line = Long-term support

Gold price in the daily chart as shown above is trying to bounce towards the 38% retracement of the decline from $1,295. It is highly probable to see a push towards $1,250 but traders should keep in mind that the trend remains bearish and betting against the trend is always riskier than following the trend. I prefer to stay neutral for now and wait to see if Gold price reaches $1,250 or if it breaks below the key support at $1,215-10.

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



For detail explanation and best discovery on daily market trends and news you may visit via Gold Technical analysis for September 24, 2014 . Thanks for your support.

Technical analysis of EUR/JPY for September 24, 2014 Market Analysis Review

General overview for 24/09/2014 08:50 CET

The rebound from wave (4) purple low hasn't been strong enough to breakout above the intraday resistance at the level of 140.21 and the price has failed there and got back into the trading range. Nevertheless, it looks like the first wave of the impulsive progression to the upside has been made (labeled as wave blue -i- ), the corrective cycle looks completed as well (labeled as wave -ii-) and now the market should develop another impulsive wave to the upside without breaking the intraday support at the level of 139.16. Any other market movement means that the key levels will be tested soon.

Support/Resistance:

141.22- Swing High|WR1|

140.21 - Intraday Resistance

139.84 - Weekly Pivot

139.16 - Intraday Support |Purple Impulsive Count Invalidation Level|

138.46 - WS1

138.25 - Blue Impulsive Count Invalidation Level

137.12 - WS2 Trading recommendations:

The buy orders from yesterday should still be kept open as there is still a chance for a further upward wave progression. Sl is below the level of 139.16, TP is above the level of 140.26. Longer time frame TP points out towards the level of 141.27 and above.

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



For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of EUR/JPY for September 24, 2014 . Thanks for your support.

Technical analysis of USD/CAD for September 24, 2014 Market Analysis Review

General overview for 24/09/2014 08:30 CET

The anticipated yesterday triangle pattern in wave -iv- hasn't been made, but the general scheme of the corrective cycle has been met and price has made yet another high. The whole five wave structure has been labeled as red wave 1. So, now the market should develop a corrective red wave 2. The first level of support for this cycle is at the level of 1.1048 and it is expected from the market to rebound from this level and made another high. Support/Resistance:

1.1097 - Swing High|Technical Resistance|

1.1082 - Intraday Resistance

1.1065 - WR1

1.1048 - Intraday Support

1.0979 - Weekly Pivot |Key Level| Trading recommendations:

The buy positions from Monday should still be kept open, with SL moved to the level of 1.1048 and TP still at the level of 1.1097.

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



For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of USD/CAD for September 24, 2014 . Thanks for your support.

Technical Analysis of USD/CAD for September, 2014 Market Analysis Review

The pair took the support from 50Dsma and again moved to higher levels. It tried to breach the previous high, but again is facing some selling pressure at the 1.11 levels. Today, in Asia's session the pair is unable to cross the previous day high. For the last 2 weeks, the pair has been facing strong resistance at 1.11. If it is taken off, we can see a sharp run up to 100 pips. The pair has a strong support zone between 1.0865 and 1.08464. A weekly closing basis below 50WSma the NT and ST view looks bearish. So, use a dip to buy.

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



For detail explanation and best discovery on daily market trends and news you may visit via Technical Analysis of USD/CAD for September, 2014 . Thanks for your support.