Elliott wave analysis of EUR/NZD for January 25, 2016 Market Analysis Review

Wave summary:

We are looking for a bottom in red wave ii above important support at 1.6370 for the next rally higher towards 1.7641 and higher to 1.8020.

The corrective pattern we expect red wave ii to take is an expanded flat correction and does that prove correct then a strong rally in red wave iii should be expected.

As long as minor resistance at 1.6706 is protecting the upside, we will be looking for a move closer to 1.6480 and maybe even closer to 1.6439 before red wave iii will be ready to take over for a strong rally higher to 1.7641 and above.

Only an unexpected breakout below 1.6370 will force a new count for the rally from 1.5784.

Trading recommendation:

We will buy EUR at 1.6480 with stop placed at 1.6365 or upon a breakout above 1.6706 with stop placed at 1.6480.

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Elliott wave analysis of EUR/JPY for January 25, 2016 Market Analysis Review

Wave summary:

A quick rally back into the triangle consolidation was a strong indication that wave [iii] had ended and wave [iv] back to the top of wave four of one lessor degree was unfolding. The top of this wave four comes in at the level of 129.08 which is very close to the 38.2% corrective target of wave [iii] at 129.06, so with a cluster of corrective target in the area of 129.06 - 129.08 we will be looking for a top here and renewed downside pressure in wave [v] towards 123.85.

Trading recommendation:

Our stop at 127.90 was hit for a nice profit. Sell EUR again at 129.00 with stop placed at 130.80.

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Technical analysis of EUR/USD for Januari 25, 2016 Market Analysis Review

When the European market opens, economic news on the Belgian NBB Business Climate, German Buba Monthly Report, Italian Retail Sales m/m, and German Ifo Business Climate is due to be released. Today, the US will not release any economic data. So amid the reports, EUR/USD will move with low volatility during this day.

TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.0849.

Strong Resistance:1.0843.

Original Resistance: 1.0832.

Inner Sell Area: 1.0821.

Target Inner Area: 1.0796.

Inner Buy Area: 1.0771.

Original Support: 1.0760.

Strong Support: 1.0749.

Breakout SELL Level: 1.0743.

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 Januari 25, 2016 . Thanks for your support.

Technical analysis of USD/JPY for Januari 25, 2016 Market Analysis Review

In Asia, Japan will release data on the Trade Balance, and the US will not release any significant economic data today. So there is a strong probability that the USD/JPY pair will move with low volatility during this day.

TODAY'S TECHNICAL LEVEL:

Resistance. 3: 119.20.

Resistance. 2: 118.96.

Resistance. 1: 118.74.

Support. 1: 118.45.

Support. 2: 118.22.

Support. 3: 117.99.

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 25, 2016 . Thanks for your support.

Daily analysis of USDX for January 25, 2016 Market Analysis Review

In the short term, the USDX is showing us bullish strength above the 200 SMA as we can see on the H1 chart. A few sessions ago, the index did a rebound on that moving average and we can expect a rally towards the resistance level of 99.69. This would be the last step in order to reach the key level in the zone around 100.00. The MACD indicator remains in the positive territory and the slope of the 200 SMA is slightly pointing to the upside.

H1 chart's resistance levels: 99.69 / 100.00

H1 chart's support levels: 99.49 / 99.22

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USDX breaks with a bullish candlestick; the resistance level is seen at 99.69, take profit is at 100.00, and stop loss is at 99.38.

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Daily analysis of GBP/USD for January 25, 2016 Market Analysis Review

The pair found strong resistance around the 200 SMA in the H1 chart, where a dynamic supply zone is highly active. This could produce some kind of decline on a short-term basis, as the cable can try another breakout below the level of 1.4198, in order to extend the downside bias until the level 1.4080. Bear in mind that the GBP/USD pair has already found strong bottom over that low level and a stronger rebound can happen for a very large corrective move. The MACD indicator is at the negative 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 level of 1.4198, take profit is at 1.4080, and stop loss is at 1.4309.

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