Technical analysis of AUD/USD for January 21, 2016. Market Analysis Review

Technical outlook and hart setups:

The AUD/USD pair might have resumed its corrective rally towards 0.7000 levels at least. The pair seems to have broken above its immediate resistance trend line, and is back testing around 0.6880/90 levels, which should be acting as support now. Besides, note that the pair is bouncing off the fibonacci 0.50% support levels, of the rally between 0.6820 and 0.6960 levels respectively. It is hence recommended to initiate long positions now and also look to add on dips towards 0.6870/80 levels, with risk at 06800 respectively. Immediate support is seen at 0.6840/50 levels while resistance is seen at 0.6960 levels (interim) respectively.

Trading recommendations:

Remain long now, stop at 0.6800, a target is open.

Good luck!

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Elliott wave analysis of EUR/NZD for January 21 - 2016 Market Analysis Review

Wave summary:

Yesterday, we saw a rally to 1.7273 before this impulsive wave (blue wave i) ran out of steam and what have turned out to be a rather deep blue wave ii have since been unfolding. We do think that the correction in blue wave ii has terminated and blue wave iii higher has taken over. This blue wave iii is expected to be very violent and will likely move almost vertical higher towards 1.7641 and 1.8020.

We had not expected that the fight between the bulls and the bears would continue to be as tough as it has turned out to be, but then second waves is always a difficult to handle as they are allowed to correct 100% of the first wave, but never ever can break below the starting point of the first wave, which in this case was at 1.6637.

Trading recommendation:

We where locked into a EUR-long position at 1.7210 with our stop placed at 1.6635. If you are not long EUR yet, buy near 1.6855 or upon a break above 1.7000 and use the same stop at 1.6635

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Technical analysis of US Dollar Index for January 21, 2016 Market Analysis Review

Technical outlook and chart setups:

The US Dollar index might be looking to break below the consolidation range for now. The index is trading around 99.00 levels for now after reversing from its resistance line around 99.25/30 levels earlier. It should be looking to break below 98.60 levels and subsequently below the consolidation range here. It is hence recommended to initiate short positions now, with risk at 99.40 levels. Immediate support is seen at 98.60 levels while resistance is seen at 99.30/35 levels respectively. Only a push above 99.40/50 levels from here, should change the bearish view going forward.

Trading recommendations:

Remain short now, stop at 99.40, a target is at 96.40.

Good luck!

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Technical analysis of Silver for January 21, 2016. Market Analysis Review

Technical outlook and chart setups:

Silver remain unchanged and broadly into cone type consolidation structure for now. Support is seen at the $13.72 levels and resistance is seen around the $14.30 levels for now. The metal is trading around the $14.10/14 levels for now, it might correct lower towards the $14.00 levels at least, before pushing higher towards the $14.30 levels. Please note that the metal needs to break above $14.30/35 and confirm a bullish break out. Furthermore, a break above the $14.60 resistance would be extremely encouraging for bulls to remain in control. It is hence recommended to remain long and look to add further on dips.

Trading recommendations:

Remain long for now, add further around the $14.00 levels, stop at $13.70, target $14.30/50+

Good luck!

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Technical analysis of Gold for January 21, 2016. Market Analysis Review

Technical outlook and chart setups:

Gold has pushed higher as expected and should continue moving further towards $1,125.00 and $1,136.00. The metal is correcting lower for now, and it is expected to take a bullish turn from $1099.00/$1100.00 or a bit lower from $1,092.00/93.00 respectively. Please also note that $1,093.00 is fibonacci 0.618 support of the rally between $1,082.00 and $1,110.00 as well. Besides, an immediate trend line support would be passing through the same levels.It is recommended to remain long from the earlier positions and look to add further on dips towards the $1,093.00 levels. Immediate support is seen at the $1093.00 levels, while resistance is seen at the $1,113.00 levels respectively.

Trading recommendations:

Remain long, look to add further at the $1,093.00 levels, stop at $1,080.00 now, target $1,125.00/36.00.

Good luck!

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Elliott wave analysis of EUR/JPY for January 21 - 2016 Market Analysis Review

Wave summary:

We have seen the expected downside thrust out of the triangle consolidation, which ideally will take us lower to the minor cluster of support near the 124.30-124.40 area. Once this target has been reached, a new correction towards 127.00 and maybe even 128.00 should be seen before the next downside pressure sets in.

In the longer term, we continue to look for lower levels towards 123.20 and 121.80 as the next downside targets.

Trading recommendation:

We are short EUR from 130.95 and will move our stop lower to 128.60. If you are not short EUR yet, then sell near 127.70 and use the same stop at 128.60.

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Technical analysis of USD/CHF for January 21, 2016 Market Analysis Review

Technical outlook and chart setups:

The USD/CHF pair is seen to be trading in a cone consolidation as depicted on the hourly chart view here. The pair is seen to have just bounced off through its resistance line around 1.0060 levels and is trading lower at 1.0030 levels at the moment. Please note that the pair can break lower below 0.9990 levels, since it is in the 5th leg of its consolidation range. It is hence recommended to initiate short positions now, with risk at 1.0100 levels. Immediate resistance is seen at 1.0080 levels, while support is seen at 0.9990 levels respectively. Bears should remain in control till prices sty below 1.0080/90 levels going forward.

Trading recommendations:

Initiate short positions now, stop at 1.0100, a target is open.

Good luck!

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Technical analysis of EUR/USD for January 21, 2016 Market Analysis Review

Technical outlook and chart setups:

The EUR/USD pair has been trading in a 125 pip range within a cone consolidation pattern. The pair seems to have just bounced off its support line from around 1.0870 levels, and is looking to push higher through the line of resistance at 1.0970/80 levels from here. Please also note that the pair is in its 5th wave bounce, and hence probability remains, for a break above the 1.0980 levels. It is hence recommended to remain long for now, and also look to add further positions with risk at 1.0840 levels. Immediate support is seen at 1.0860 levels, while resistance is seen at 1.0984 levels respectively. Only a drop below 1.0860/40 and subsequently 1.0800 levels would delay matters further.

Trading recommendations:

Remain long for now, stop at 1.0840, a target is open.

Good luck!

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Technical analysis of EUR/USD for Januari 21, 2016 Market Analysis Review

When the European market opens, some economic news will be released such as Consumer Confidence, ECB Press Conference, and Minimum Bid Rate. The US will also publish the economic data such as Natural Gas Storage, Unemployment Claims, Unemployment Claims, and Philly Fed Manufacturing Index. So amid the reports, EUR/USD will move with low to medium volatility this trading day.

TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.0925.

Strong Resistance:1.0919.

Original Resistance: 1.0908.

Inner Sell Area: 1.0897.

Target Inner Area: 1.0872.

Inner Buy Area: 1.0847.

Original Support: 1.0836.

Strong Support: 1.0825.

Breakout SELL Level: 1.0819.

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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Technical analysis of USD/JPY for Januari 21, 2016 Market Analysis Review

In Asia, Japan will release the All Industries Activity m/m. The US will also publish some economic data such as Natural Gas Storage, Unemployment Claims, Unemployment Claims, and Philly Fed Manufacturing Index. So there is a probability the USD/JPY pair will move with low to medium volatility today.

TODAY'S TECHNICAL LEVEL:

Resistance. 3: 117.94.

Resistance. 2: 117.71.

Resistance. 1: 117.48.

Support. 1: 117.19.

Support. 2: 116.96.

Support. 3: 116.73.

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 Januari 21, 2016 . Thanks for your support.

Technical analysis of EUR/JPY for January 21, 2016 Market Analysis Review

Technical outlook and chart setups:

The EUR/JPY pair hit fresh lows yesterday around the 126.60 level before bouncing back sharply, and is seen trading at the 127.60 level for now. Looks like a drop from the 141.00 level is complete at the 126.60 level yesterday and that the pair should be heading north from the current levels. A break above 128.50/129.00 would confirm the same and will also accelerate rally towards 133.00 and 134.50 respectively. It is hence recommended to initiate fresh long positions now, with risk at the 126.00 level. Immediate support is seen at 126.00 while resistance is seen at 128.50/129.00 respectively. Bulls should now remain poised to remain in control till prices stay above 126.00.

Trading recommendations:

Initiate long positions, stop at 126.00, target is open.

Good luck!

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For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of EUR/JPY for January 21, 2016 . Thanks for your support.

Technical analysis of GBP/CHF for January 21, 2016 Market Analysis Review

Technical outlook and chart setups:

The GBP/CHF pair made another low yesterday at the level of 1.4120 , taking out lows of June 2015 , before pulling back sharply. Please also note that the pair has bounced off the fibonacci 0.786 support of the rally between 1.3800 and 1.5570 respectively. It looks like a pin bar candlestick pattern appeared on the daily chart view, indicating a potential pullback at least. Immediate support is seen at 1.4100 level while resistance is at the 1.4400 level respectively. It is recommended to initiate 50% long positions now with risk at the 1.4100 level. Bulls might just want to remain in control till prices stay above the 1.4100 level from here on.

Trading recommendations:

Initiate 50% long positions now, stop at 1.4100, target is open.

Good luck!

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For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of GBP/CHF for January 21, 2016 . Thanks for your support.

Daily analysis of USDX for January 21, 2016 Market Analysis Review

At the H1 chart, the Index is doing a rebound above the 200 SMA and now we can expect a re-test of the resistance level around the 99.22 level. However, we're still seeing a sideways consolidation in progress above that moving average and we shouldn't discard a possible deep pullback towards the 98.39 level.

H1 chart's resistance levels: 99.22 / 99.49

H1 chart's support levels: 98.79 / 98.39

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 99.22, take profit is at 99.49, and stop loss is at 98.94.

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Daily analysis of GBP/USD for January 21, 2016 Market Analysis Review

GBP/USD is trading inside a consolidation which is favoring to the downside bias, as the 200 SMA at the H1 chart is still pointing to the downside. However, it's still expected to see a rebound at the current stage, towards the resistance level of 1.4309. The other scenario is calling for an upside breakout above the 1.4373 level. The MACD indicator is in positive territory.

H1 chart's resistance levels: 1.4309 / 1.4373

H1 chart's support levels: 1.4198 / 1.4080

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 1.4198, take profit is at 1.4080, and stop loss is at 1.4309.

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Technical analysis of AUD/USD for January 20, 2016 Market Analysis Review

• The AUD/USD pair dropped from the level of 0.6960 and declined further till 0.6863. The price remains below resistances of 0.6895 and 0.6961. Additionally, the price has formed a strong resistance level at 0.6960, but a minor support is placed at 0.6831. Futhermore, this strong level has been trading below 23.6% of Fibonacci retracement levels. Besides, the double bottom is at 0.6831 in the H4 chart. Thus, the market will probably start showing the signs of bearish market again in order to indicate a bearish opportunity from the level of 0.6961/0.6896 with targets towards the minor support around 0.6831. If the trend will be able to break this point (0.6831), then the market will continue in downtrend with a view to form a new double bottom at 0.6705. At the same time, if the trend closes above the level of 0.6705, the market will call for uptrend to continue bullish trend towards the weekly pivot point at 0.7043.

Intraday Technical Levels:

• Resistance 2: 0.7053
• Resistance 1: 0.6960
• Pivot Point: 0.6930 (daily pivot)
• Support 1: 0.6766
• Support 2: 0.6705

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Technical analysis of USD/CHF for January 20, 2016 Market Analysis Review

Overview:

• The trend of USD/CHF pair movement was controversial as it took place in the uptrend channel. Due to the previous events, the price is still between the levels of 0.9978 and 1.0073, so it is recommended to be careful while making deals at these levels because the prices of 0.9978 and 1.0073 are representing the resistance and support respectively in coming hours. Therefore, it is necessary to wait till the uptrend channel is passed through. Then the market will probably show the signs of a bullish market. In other words, buy deals are recommended above the price of 0.9978 with the first target at the level of 1.0073. From this point, the pair is likely to begin an ascending movement to the price of 1.0073 with a view to test the weekly resistance at the price of 1.0092. On the other hand, if the price will be able to break the support at 0.9973, then sell deals are recommended below 0.9973 with the first target seen at the 0.9938 level. After that the pair will go further at 0.9910 level. Additionally, the double bottom is set at 0.9881.

Intraday Technical Levels:

Date:20/01/2016

Pair: USD/CHF

• R3: 1.0151
• R2: 1.0116
• R1: 1.0073
• PP: 1.0038
• S1: 0.9995
• S2: 0.9960
• S3: 0.9917

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Gold technical analysis for January 20, 2016 Market Analysis Review

Gold price continues to trade sideways. It is still inside an upward sloping channel in an overlapping price structure. The bullish scenario is still alive for a move towards $1,120. Support at $1,070 is critical.

Red lines -bullish channel

Gold price is trying to break above the short-term Ichimoku cloud in the 4-hour chart. The level of $1,097 is short-term resistance. If it gets broken, we can expect a re-test of a recent high at $1,110 and most probably a new higher high towards $1,120. Support is found at $1,070.

Red lines - downward sloping wedge

Gold price has made the first move for a stronger bounce. Has initially tested the kijun-sen (yellow line indicator) resistance and got rejected. The price held above the tenkan-sen (red line indicator). This is a bullish sign. However, bulls need to show more strength and break above the kijun-sen on a weekly closing basis in order to move the price towards the cloud resistance.

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