Technical analysis of EUR/USD for April 06, 2015 Market Analysis Review

When the European market opens, some economic news about Spanish Unemployment Change is due for release. The US is expected to release economic data on Labor Market Conditions Index m/m, ISM Non-Manufacturing PMI, and Final Services PMI. So, EUR/USD will move low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1048.

Strong Resistance:1.1042.

Original Resistance: 1.1031.

Inner Sell Area: 1.1020.

Target Inner Area: 1.0995.

Inner Buy Area: 1.0970.

Original Support: 1.0959.

Strong Support: 1.0948.

Breakout SELL Level: 1.0942.

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 April 06, 2015 . Thanks for your support.

Technical analysis of USD/JPY for April 06, 2015 Market Analysis Review

In Asia, Japan is expected to release data on Leading Indicators. The US will release some economic data about Labor Market Conditions Index m/m, ISM Non-Manufacturing PMI, and Final Services PMI. So, there is a strong probability that the USD/JPY will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 119.70.

Resistance. 2: 119.47.

Resistance. 1: 119.24.

Support. 1: 118.95.

Support. 2: 118.72.

Support. 3: 118.48.

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 April 06, 2015 . Thanks for your support.

Daily analysis of USDX for April 06, 2015 Market Analysis Review

The daily chart continues to show us a corrective phase of the USDX, as the index continues to move in favor of the bearish side but a corrective one as we mentioned above. The next floor or support zone is located at the level of 96.60, where we could expect a rebound to the resistance zone around 98.01. By the way, the bullish outlook is still alive.

The USDX started this week with a deep bearish gap, which is now looking for support at the level of 96.54, more than 100 pips of empty zone. Now, the nearest resistance level is located around 97.08, where the USDX could begin to form a bullish pattern in order to reach the 200 SMA on the H1 chart. But the Index is still with the downside risk in the short term.

Daily chart's resistance levels: 98.01 / 99.12

Dailychart's support levels: 96.60 / 95.19

H1 chart's resistance levels: 97.08 / 97.30

H1 chart's support levels: 96.54 / 96.25

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 97.08, take profit is at 97.30, and stop loss is at 96.85.

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 April 06, 2015 . Thanks for your support.

Daily analysis of GBP/USD for April 06, 2015 Market Analysis Review

There is still a high risk of more bullish moves on the daily chart because the GBP/USD pair is trying to break the resistance zone around 1.4948 in order to reach the next target at 1.5086. Also, the GBP/USD pair is getting some bearish pressure from that resistance, so there is a possibility that the pair continue to move downwards on the par in the medium and long terms.

As we noted in our previous article about GBP/USD, this pair has already consolidated above the 200 SMA in the H1 chart forming a bullish pattern below the resistance level at 1.4921. A breakout of that level is going to lead to more bullish moves to the zone around 1.4968, because the GBP/USD is already forming a higher high pattern. Anyway, because of the overall bearish trend, we expect a pullback at the current levels.

Daily chart's resistance levels: 1.4948 / 1.5086

Dailychart's support levels: 1.4820 / 1.4649

H1 chart's resistance levels: 1.4921 / 1.4968

H1 chart's support levels: 1.4842 / 1.4774

Trading recommendations for today: Based on the H1 chart, place short (sell) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.4842, take profit is at 1.4774, and stop loss is at 1.4912.

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 April 06, 2015 . Thanks for your support.

USDCAD Daily Analysis - April 6, 2015 Forex Analysis

USDCAD is facing 1.2410 support, a breakdown below this level will signal resumption of the downtrend from 1.2835, then next target would be at 1.2200 area. Resistance is now at 1.2575, only break above this level could trigger another rise to test 1.2835 resistance.

For more short term forex analysis and info visit via USDCAD Daily Analysis - April 6, 2015 . Thanks for your support.

USDJPY Daily Analysis - April 6, 2015 Forex Analysis

USDJPY is facing 118.33 support, a breakdown below this level will indicate that the downtrend from 122.02 has resumed, then next target would be at 116.50 area. Key resistance is at 120.36, only break above this level could signal completion of the downtrend.

For more short term forex analysis and info visit via USDJPY Daily Analysis - April 6, 2015 . Thanks for your support.

AUDUSD Daily Analysis - April 6, 2015 Forex Analysis

AUDUSD is now in downtrend from 0.7938, the rise from 0.7532 is likely consolidation of the downtrend. Further decline could be expected, and next target would be at 0.7400 area. Resistance is at 0.7700, as long as this level holds, the downtrend will continue.

For more short term forex analysis and info visit via AUDUSD Daily Analysis - April 6, 2015 . Thanks for your support.

GBPUSD Daily Analysis - April 6, 2015 Forex Analysis

GBPUSD is in short term uptrend from 1.4739. Further rise could be expected after a minor consolidation, and next target would be at 1.5100 - 1.5150 area. Support is now at 1.4835, only break below this level could trigger another fall to test 1.4634 support.

For more short term forex analysis and info visit via GBPUSD Daily Analysis - April 6, 2015 . Thanks for your support.

EURUSD Daily Analysis - April 6, 2015 Forex Analysis

EURUSD is facing 1.1052 resistance, a break of this level will signal resumption of the uptrend from 1.0462, then next target would be at 1.1150 - 1.1200 area. Support is at 1.0900, only break below this level could trigger another fall to test 1.0462 support.

For more short term forex analysis and info visit via EURUSD Daily Analysis - April 6, 2015 . Thanks for your support.