Technical analysis of EUR/USD for January 19, 2015 Market Analysis Review

When the European market opens, some economic news will be released such as Current Account report. The US will not publish any economic data because of the Martin Luther King Holiday. So, amid the reports, EUR/USD will move with low volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1616.

Strong Resistance:1.1609.

Original Resistance: 1.1598.

Inner Sell Area: 1.1587.

Target Inner Area: 1.1560.

Inner Buy Area: 1.1533.

Original Support: 1.1522.

Strong Support: 1.1511.

Breakout SELL Level: 1.1504.

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 January 19, 2015 . Thanks for your support.

Technical analysis of USD/JPY for January 19, 2015 Market Analysis Review

In Asia, Japan will release the Consumer Confidence report and Revised Industrial Production m/m. The US will not release any economic data because of Martin Luther King National Holiday. So, there is a big probability the USD/JPY pair will move with low volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 117.77.

Resistance. 2: 117.54.

Resistance. 1: 117.31.

Support. 1: 117.03.

Support. 2: 116.80.

Support. 3: 115.56.

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 January 19, 2015 . Thanks for your support.

Daily analysis of major pairs for January 19, 2015 Market Analysis Review

EUR/USD: This pair trended downwards by more than 300 pips last week. Therefore, the current upwards bounce is shallow and it pales into insignificance when compared to the existing bearish outlook. The support lines at 1.1500 and 1.1450 could be challenged again and they can be overcome.

USD/CHF: When the USD/CHF pair dropped like a stone last week, the EUR/USD pair ought to spike skywards, since they are negatively correlated in a normal condition. The latter was not affected, and both pairs cannot remain bearish for a long time (and the USD is strong in its own right). Therefore, USD/CHF would move upwards by at least 500 pips this week.

GBP/USD: This currency trading instrument first went upwards by 150 pips and later dropped by over 100 pips. The overall outlook is southwards and the accumulation territories at 1.5100 and 1.5050 could be tried this week.

USD/JPY: The current bullish effort on the USD/JPY pair is seen as another opportunity to sell short. The supply levels at 118.00 and 118.50 may defend the bearish outlook while there is a possibility that the demand levels at 116.50 and 116.00 could be tested again.

EUR/JPY: Since the beginning of this year, this cross has dropped by around 1000 pips (it dropped by around 400 pips last week). The price closed below the supply zones at 136.50, and it is expected to go further downwards, reaching the demand zones at 134.50 eventually. The only thing that can change the bearish outlook this week is the event in which the yen is weakened.

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 major pairs for January 19, 2015 . Thanks for your support.

Daily analysis of USDX for January 19, 2015 Market Analysis Review

The USDX still is bullish in the medium term, as in the Daily chart we can see that this instrument is still alive in the bullish oulook, forming a higher high pattern with a target placed at the resistance level of 94.18. The MACD indicator is already in the overbought zone and that could indicate an imminent pullback up to the support level of 91.88 to take a second “bullish breath”.

During the last session, the USDX failed to perform a breakout at the resistance level of 93.23 and because of that, the bearish pressure got more force on an intraday bias. Currently, the USDX is trying to stay above the support level of 92.55, performing a rebound, but during this week, the USDX could reach again the last session's high. Also, the 200-day moving average is pointing to the upside road.

Daily chart's resistance levels: 94.18 / 97.52

Dailychart's support levels: 91.88 / 90.28

H1 chart's resistance levels: 92.88 / 93.22

H1 chart's support levels: 93.55 / 92.05

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 92.88, take profit is at 93.22, and stop loss is at 92.55.

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 USDX for January 19, 2015 . Thanks for your support.

Daily analysis of GBP/USD for January 19, 2015 Market Analysis Review

It's the 3rd week of January and the GBP/USD pair still has not found the road to continue strengthening the bearish trend in the medium term. On the daily chart, we can see the current bearish moves of the GBP/USD pair, performing a pullback at the resistance level of 1.5247, and of course, this could open the way for more falls until the support level of 1.0525. Anyway, the GBP/USD pair still needs to do a breakout at the level of 1.5025 to stay alive in the bearish outlook.

On the H1 chart, we can see the formation of a bearish trend line from the high of December 31, 2014, to the high level of the last session, next to the resistance level of 1.5251. Currently, the GBP/USD pair is trying to complete a pullback in that zone, because this pair is forming a lower low pattern, with the near-term target at the level of 1.5084. A breakout in that zone will open the way for more falls, at least until the level of 1.5034.

Daily chart's resistance levels: 1.5247 / 1.5424

Dailychart's support levels: 1.5025 / 1.4821

H1 chart's resistance levels: 1.5169 / 1.5251

H1 chart's support levels: 1.5084 / 1.5034

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 1.5084, take profit is at 1.5034, and stop loss is at 1.5134.

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 January 19, 2015 . Thanks for your support.

Weekly technical levels for GBP/USD for January 19-23, 2015 Market Analysis Review

Trading recommendations :

• The resistance of the GBP/USD pair has already set at 1.5252 and a minor resistance has been placed at the level of 1.5194. Furthermore, it will be quite profitable to sell below the spot of 1.5252 or 1.5194 for retesting the next objectives in order to call for a bearish market from the last wave of 1.5252. Therefore, sell deals are recommended below 1.5252 with targets at 1.5102. The bias will resume towards the level of 1.5059 to reach a strong support on 19th of January 2015. On the contrary, support is going to set at the level of 1.6278 today. Consequently, the ascending movement will probably be higher than the 1.6278 level with the target at the key price 1.6360.
  

Observations :

• The support of the GBP/USD pair has already set at 1.5059. Moreover, the weekly support 1 will set at the same level. but the double bottom had already placed at 1.5075.


• Major resistance is going to set at 1.5252.


• We expect a new range about 325 pips this week.


• The key level will set at the level of 1.5163 because it represents the weekly pivot point.


• If the trend is upward, then the strength of the currency will be defined as follows: GBP is in an uptrend and USD is in a downtrend.

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 Weekly technical levels for GBP/USD for January 19-23, 2015 . Thanks for your support.

Weekly technical levels for EUR/USD for January 19-23, 2015 Market Analysis Review

Overview :

• The EUR/USD pair was calling for a strong bearish market last week, so the pair will probably go down this week because the downward trend is still strong. According to the previous events, the EUR/USD pair is going to move between the levels of 1.1460 and 1.1665. The resistance will be formed at the level of 1.1665 (it should be noted that the weekly pivot point is set at the level of 1.1632) providing a clear signal for sell deals with the target seen at 1.1459. Also, it should be noted that the double bottom will set at the point of 1.1459 on H1 chart. If the trend is able to break the double bottom, then the market is going to call for a bearish bias in order to test the first support at the level of 1.1396. However, stop-loss is to be placed above the double top around the area of 1.1713. Additionally, the support will be formed at the level of 1.1393; therefore, it should expect a range of 272 pip this week at least. It should aslo noted that the risk of 90 pips is seen to make a profit of 272 pips.

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 Weekly technical levels for EUR/USD for January 19-23, 2015 . Thanks for your support.

Elliott wave analysis of EUR/NZD for January 19 - 2015 Market Analysis Review

Technical summary:

The decline from the blue wave iv top at 1.5331 has unfolded perfectly and we should be close to a bottom for blue wave v and red wave iii calling for another correction in red wave iv to just below the blue wave iv high at 1.5331. The ideal target for blue wave v is at 1.4729, for the correction higher.

Trading recommendation:

We are short in EUR from 1.5320 and will place our stop+reverse at 1.4855 and take profit+reverse at 1.4745.

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 January 19 - 2015 . Thanks for your support.

Elliott wave analysis of EUR/JPY for January 19 - 2015 Market Analysis Review

Technical summary:

It's "Make it or break it" time. Support at 134.13 needs to protect the downside for a break above minor resistance at 136.87 and more importantly resistance at 138.79 confirming that a bottom is in place and a new impulsive rally is developing. If however, support at 134.13 is broken, then our working count will be proven wrong and a revaluation of the longer term count will be needed. This new count, if necessary, will call for a continuation lower towards 128.38.

Trading recommendation:

We will only buy a break above minor resistance at 136.87, with a stop+reverse at 134.10.

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 Elliott wave analysis of EUR/JPY for January 19 - 2015 . Thanks for your support.