Daily analysis of USDX for September 21, 2015 Market Analysis Review

The USDX is currently finding dynamic support over the 200 SMA on the daily chart, after its losses after the Fed's meeting last week. Currently, we expect a breakout over the resistance level of 95.26, which would expose the zone of 95.83 as the next area for sellers. The MACD indicator is entering the negative territory again.

On the H1 chart, the index is looking for an opportunity to move lower towards the support level of 94.97, because the 200 SMA is offering dynamic resistance in this time frame. After that move, the USDX could try a breakout below the support level of 94.97 in order to reach the next zone around the level of 94.57 on a short-term basis.

Daily chart's resistance levels: 95.26 / 95.83

Daily chart's support levels: 94.42 / 93.18

H1 chart's resistance levels: 95.34 / 95.67

H1 chart's support levels: 94.97 / 94.57

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the US Dollar Index breaks with a bearish candlestick; the support level is at 94.97, take profit is at 94.57, and stop loss is at 95.37.

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Technical analysis of EUR/USD for September 21, 2015 Market Analysis Review

When the European market opens, economic news on the German PPI m/m is due to be released. The US will publish economic data about Existing Home Sales. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1343.

Strong Resistance:1.1337.

Original Resistance: 1.1326.

Inner Sell Area: 1.1315.

Target Inner Area: 1.1289.

Inner Buy Area: 1.1263.

Original Support: 1.1252.

Strong Support: 1.1241.

Breakout SELL Level: 1.1235.

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.

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For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of EUR/USD for September 21, 2015 . Thanks for your support.

Technical analysis of USD/JPY for September 21, 2015 Market Analysis Review

In Asia, Japan will not release significant economic data because of a holiday, but the US will unveil economic news on Existing Home Sales. So, there is a strong probability that 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: 120.46.

Resistance. 2: 120.22.

Resistance. 1: 120.00.

Support. 1: 119.70.

Support. 2: 119.47.

Support. 3: 119.23.

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 21, 2015 . Thanks for your support.

Daily analysis of GBP/USD for September 21, 2015 Market Analysis Review

On the daily chart, GBP/USD did a pullback around the level of 1.559, where the 200 SMA is located in this time frame. By the way, we should expect this pair to rally towards new highs in coming days, because bullish momentum is still alive pushing the price higher.

The pair is trying to extend corrective moves in an intraday basis, towards the support level of 1.5468 in the H1 chart. That is why we expect a rebound over there, where dynamic support offered by the 200 SMA is also located. A breakout above the level of 1.5561 will expose the next interest zone around the level of 1.5609.

Daily chart's resistance levels: 1.5559 / 1.5634

Daily chart's support levels: 1.5479 / 1.5344

H1 chart's resistance levels: 1.5561 / 1.5609

H1 chart's support levels: 1.5516 / 1.5468

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 1.5559, take profit is at 1.5634, and stop loss is at 1.5515.

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Elliott wave analysis of EUR/NZD for September 21, 2015 Market Analysis Review

Technical summary:

Once again, strong resistance at 1.8000 managed to protect the upside pushing prices below support at 1.7649, which indicates a decline towards strong support near 1.7400 before a renewed upside pressure should be expected.

Short-term resistance is seen at in the area of 1.7649 - 1.7690. This area should ideally protect the upside for a decline to 1.7400.

Trading recommendation:

Our stop at 1.7665 was hit for a nice profit. We will sell EUR here at 1.7650 and place stop at 1.7780 and place stop-profit at 1.7415.

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Elliott wave analysis of EUR/JPY for September 21, 2015 Market Analysis Review

Technical summary:

We have seen a nice a strong decline from a high of 137.43 and now we will be looking for a break below important support at 134.98, which will confirm that wave z is developing lower.

In the short term, we will see resistance at 136.13 protecting the upside for a decline towards 132.23 and lower towards 131.45.

Trading recommendation:

We are short EUR from 136.62. We will move our stop lower to 136.50. If you are short EUR yet, then sell near 136.10 with the same stop at 136.50.

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For detail explanation and best discovery on daily market trends and news you may visit via Elliott wave analysis of EUR/JPY for September 21, 2015 . Thanks for your support.