Technical analysis of USD/JPY for March 30, 2015 Market Analysis Review

In Asia, Japan is expected to release the Prelim Industrial Production m/m. The US will release economic data on Pending Home Sales m/m, Personal Income m/m, Personal Spending m/m, and Core PCE Price Index m/m. So, there is a strong probability that the USD/JPY pair will move with low volatility during the Asian session, but with low to medium volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 119.80.

Resistance. 2: 119.57.

Resistance. 1: 119.34.

Support. 1: 119.04.

Support. 2: 118.81.

Support. 3: 118.57.

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 March 30, 2015 . Thanks for your support.

Daily analysis of major pairs for March 30, 2015 Market Analysis Review

EUR/USD: On Friday, March 27, 2015, this pair closed at 1.0887 on a slight bullish note. The bias is still bullish while there are support lines at 1.0750 and 1.0700. Moreover, there are resistance lines at 1.1000 and 1.1050. There must be a break above the resistance lines or below the support lines for the trend to continue in favor or against bulls.

USD/CHF: In spite of some visible effort of bulls to push the price upwards, the market is still bearish. The only thing that can render bearish outlook useless is an event that causes the price to go above the resistance level at 0.9800 first, and then 0.9850 later. If the current weakness in USD continue, the price could retest the support line at 0.9500, which was tried last week.

GBP/USD: The cable moved only sideways throughout last week, with neither bulls nor bears gaining the upper hand. As long as bulls and bears have equal stamina, the sideways movement can continue until a rise in momentum, which could cause an imbalance on the market. The imbalance is likely to favor bulls.

USD/JPY: This is a weak currency trading instrument. There is a clean Bearish Confirmation Pattern on the market and the demand level at 118.50 could be tested. On the other hand, some weakness in the yen is expected this week or next week, which may cause this instrument to rally eventually.

EUR/JPY: The situation on this cross is dicey and one needs to wait to know the next price action before taking a position. The bullish gain that was realized last week has nearly been forfeited, but a possible rally might cause the recent bullish outlook to become more significant.

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 March 30, 2015 . Thanks for your support.

Elliott wave analysis of EUR/NZD for March 30 - 2015 Market Analysis Review

Technical summary

We are still looking for a close above the resistance line on the 4-hourly chart to confirm that a series of wave three is developing for a rally towards at least 1.4595. In the short term, a break above minor resistance at 1.4397 is going to be the first indication that resistance at 1.4495 is likely to be challenged again and a break above here should bring an acceleration higher than we are looking for. Only an unexpected break below support at 1.4287 will confuse the overall bullish picture.

Trading recommendation:

We are long EUR from 1.4335 and will place our stop at 1.4275

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 March 30 - 2015 . Thanks for your support.

Elliott wave analysis of EUR/JPY for March 30 - 2015 Market Analysis Review

Technical summary:

We are still looking for a break below support at 128.33 to confirm that a final decline closer to our long-term target at 125.98 is likely to be seen. At this point, only a break above 131.74 indicates that a bottom has already been found and a new impulsive rally is developing.

In the short term, a break below minor support at 129.30 is going to call for a test of the important short-term support at 128.33 and confirms a new decline towards our long-standing target at 125.98 before the bottom gets in place.

Trading recommendation:

We are short EUR from 129.85 and will keep our stop at 130.40. If you are not short already, then sell a break below support at 129.30 with the same stop at 130.40.

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 March 30 - 2015 . Thanks for your support.

USDCAD Daily Analysis - March 30, 2015 Forex Analysis

USDCAD failed to break below 1.2352 key support and rebounded from 1.2410, indicating that the downward movement from 1.2835 is complete. Further rise to test 1.2835 resistance would likely be seen, a break of this level will signal resumption of the long term uptrend from 1.0619 (Jul 3, 2014 low).

For more short term forex analysis and info visit via USDCAD Daily Analysis - March 30, 2015 . Thanks for your support.

USDJPY Daily Analysis - March 30, 2015 Forex Analysis

USDJPY's downward movement from 1.2202 extended to as low as 118.33. Further decline would likely be seen after a minor consolidation, and next target would be at 117.00 area. Resistance is at 120.50, only break above this level could signal completion of the downtrend.

For more short term forex analysis and info visit via USDJPY Daily Analysis - March 30, 2015 . Thanks for your support.

AUDUSD Daily Analysis - March 30, 2015 Forex Analysis

After touching 0.7912 resistance, AUDUSD pulled back into the trading range between 0.7560 and 0.7912, indicating that sideways movement in the trading range is underway. Deeper decline to test 0.7560 support would likely be seen, a breakdown below this level could signal resumption of the long term downtrend from 0.9504 (Jul 1, 2014 high).

For more short term forex analysis and info visit via AUDUSD Daily Analysis - March 30, 2015 . Thanks for your support.

GBPUSD Daily Analysis - March 30, 2015 Forex Analysis

GBPUSD is in uptrend from 1.4634. Further rise would likely be seen, and the target would be at 1.5350 area. Resistance is at 1.5000, a break of this level could signal resumption of the uptrend. Key support is at 1.4634, only break below this level could trigger another fall towards 1.4000.

For more short term forex analysis and info visit via GBPUSD Daily Analysis - March 30, 2015 . Thanks for your support.

EURUSD Daily Analysis - March 30, 2015 Forex Analysis

EURUSD failed to break above 1.1045 resistance, and stayed in the trading range between 1.0462 and 1.1045, indicating that sideways movement in the range is underway. Further decline to test 1.0462 support would likely be seen, a breakdown below this level will signal resumption of the long term downtrend from 1.3993 (May 8, 2014 high).

For more short term forex analysis and info visit via EURUSD Daily Analysis - March 30, 2015 . Thanks for your support.