Technical analysis of Gold for September 17, 2015 Market Analysis Review

Technical outlook and chart setups:

Gold has rallied further towards the levels of $1,120.00/25.00 as expected. The metal stalled at a fibonacci 0.50 resistance as depicted here. Please note that bears are expected to remain in control until prices stay below $1,170.00 for now. It is hence recommended to remain short for now, with risk at $1,150.00 levels at least. Immediate support is seen at $1,100.00 followed by $1,090.00, $1,075.00, and lower, while resistance is seen at $1,150.00 (interim) followed by $1,170.00, $1,200.00, and higher respectively.

Trading recommendations:

Remain short for now, stop at $1,150.00, a target is open.

Good luck!

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 Gold for September 17, 2015 . Thanks for your support.

Technical analysis of EUR/JPY for September 17, 2015 Market Analysis Review

General overview for 17/09/2015 08:45 CET

After reaching a low for the wave (b) blue at the levels of 135.00, the market sharply reversed to the upside in an impulsive fashion to hit the lower channel boundary at the level of 136.60. Currently, the market is trying to breakout even higher to test the intraday resistance at the level of 137.04. But ahead of the important Fed's interest rate decision and press conference, this kind of moves must be treated very carefully.

Support/Resistnace:

138.80 - WR1

137.04 - Intraday Resistnace (strong)

135.88 - Intraday Support

135.72 - Weekly Pivot

134.53 - WS1

Trading recommendations:

Due to the Fed's interest rate decision and press conference, traders should refrain from trading.

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/JPY for September 17, 2015 . Thanks for your support.

Technical analysis of EUR/JPY for September 17, 2015 Market Analysis Review

Technical outlook and chart setups:

The EUR/JPY pair had bounced off from 135.00 levels earlier and is stalling strading around 136.60. The pair might produce an up gartley and drop to the levels of 134.00 before rallying further. Aggressive trade setup is to initiate short positions now with risk at the levels of 137.30, while a more conservative approach would be to remain flat and look for an opportunity to go long around the levels of 134.00/50. Immediate support is seen at 135.00 (interim) followed by 134,00, 132.00, and lower, while resistance is seen at 137.00 (interim), followed by 139.00, 140.00/141.00, and higher respectively.

Trading recommendations:

1. Aggressive: Initiate short positions with stop at 137.30, a target is 134.00

2. Conservative: Remain flat now. Go long at 134.00/50 with stop at 132.00, a target is open.

Good lick!

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/JPY for September 17, 2015 . Thanks for your support.

Technical analysis of USD/CAD for September 17, 2015 Market Analysis Review

General overview for 17/09/2015 08:30 CET

Yesterday's downside breakout made the price hit the weekly pivot support and intraday support at the level of 1.3153. It slightly reversed back to the level of 1.3178. A breakout above the level of 1.3325 will invalidate an impulsive bearish count. It is expected to reach a new high above the level of 1.3352 (it will be the last high in this market anyway). In the mean time, market participants are awaiting the Fed's meeting interest rate decision and press conference.

Support/Resistnace:

1.3399 - WR2

1.3353 - Swing High

1.3334 - WR1

1.3325 - Intraday Resistnace

1.3243 - Weekly Pivot

1.3178 - WS1

1.3152 - Intraday Support

1.3136 - Intraday Support

1.3114 - Technical Support

Trading recommendations:

Daytraders should refrain from trading until one of the levels is violated and more clear pattern will become visible.

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/CAD for September 17, 2015 . Thanks for your support.

Technical analysis of GBP/CHF for September 17, 2015 Market Analysis Review

Technical outlook and chart setups:

The GBP/CHF pair is trading around 1.5060 levels now after bouncing off from 1.4900 yesterday. Please note that 1.4900 was resistance, which turned support, and bulls are expected to remain in control until prices stay above the same level. It is hence recommended to remain long from positions taken earlier, with risk at the levels of 1.4900. Immediate support is seen at 1.4900 followed by 1.4750, 1.4600, and lower, while resistance is seen at 1.5100 (interim) followed by 1.5350, 1.5400/10, and higher respectively.

Trading recommendations:

Remain long with stop at 1.4900, a target is open.

Good luck!

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 GBP/CHF for September 17, 2015 . Thanks for your support.

Elliott wave analysis of EUR/NZD for September 17, 2015 Market Analysis Review

Technical summary:

A correction in wave ii has taken more time than first expected, but nothing else has changed. We are still looking for a break above resistance at 1.7866 to enable a rally towards at least 1.8288 and most likely even higher to 1.8682 in wave iii.

Ideally, support at 1.7702 will be able to protect the downside for a breakout above 1.7866.

Trading recommendation:

We are long EUR from 1.7490 with stop at 1.7620. If you are not long EUR yet, then buy on a break above resistance at 1.7866 with stop placed at 1.7700.

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 September 17, 2015 . Thanks for your support.

Elliott wave analysis of EUR/JPY for September 17, 2015 Market Analysis Review

Technical summary:

A decline from 137.05 is performen in three waves and therefore more upside pressure is expected towards 138.25 where we the resistance-line of 141.06 is found. A movement back to a high of 141.06 and even higher to 143.90 should be expected.

Only if the resistance line near 138.25 is able to turn prices lower we should see a decline to 126.59 soon and maybe even lower.

Trading recommendation:

Our stop at 136.45 was hit for a very small loss. We will buy EUR at 135.75 with stop at 135.10.

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 September 17, 2015 . Thanks for your support.