Technical analysis of EUR/USD for September 10, 2014 Market Analysis Review

When the European market opens, some economic news will be released such as French Final Non-Farm Payrolls q/q, French Industrial Production m/m, and German 10-y Bond Auction. The US will release the economic data too such as the Wholesale Inventories m/m, Crude Oil Inventories, and 10-y Bond Auction. So, amid the reports, EUR/USD will move low volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.3002.

Strong Resistance:1.2995.

Original Resistance: 1.2982.

Inner Sell Area: 1.2969.

Target Inner Area: 1.2939.

Inner Buy Area: 1.2909.

Original Support: 1.2896.

Strong Support: 1.2883.

Breakout SELL Level: 1.2876.

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 September 10, 2014 Market Analysis Review

In Asia, Japan will release the Core Machinery Orders m/m, and PPI y/y. The U.S. will also release some economic data such as Wholesale Inventories m/m, Crude Oil Inventories, and 10-y Bond Auction. So, there is a big probability the USD/JPY will move with low volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 106.75.

Resistance. 2: 106.54.

Resistance. 1: 106.33.

Support. 1: 106.07.

Support. 2: 105.86.

Support. 3: 105.65.

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



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Technical analysis of EUR/JPY for September 10, 2014 Market Analysis Review

Technical outlook and chart setups:

The EUR/JPY pair is following up well after bouncing off the support trend line turned to resistance on September 08, 2014. Bulls seem to be in control for now and any intraday pullbacks should be considered as opportunities to initiate long positions. The fibonacci extensions are pointing towards 139.80 and 143.40 levels in the coming sessions. Immediate support is seen at the 135.80/136.00 levels while resistance is seen through 139.20, followed by 140.00, 142.00 and higher respectively. A push through the 142.00/143.00 levels could indicate that the pair could print fresh highs before reversing lower.

Trading recommendations:

Remain long for now, stop at 135.80, the target is open.

Good luck!

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Technical analysis of GBP/CHF for September 10, 2014 Market Analysis Review

Technical outlook and chart setups:

The GBP/CHF pair is seen to be pausing at 1.5000 levels for now. Please, note that the pair had reversed from the 1.5430 level earlier and also formed a lower top at the 1.5250/75 levels on September 02, 2014. The fibonacci extensions are pointing lower towards the 1.4800 level at least for now. Intraday rallies could be used as potential to enter short positions. Immediate support is at the 1.4950/60 levels, followed by 1.4760/70 and lower while resistance is seen at the 1.5250/75 levels, followed by 1.5350 and 1.5430/50 respectively. Bears should remain in control till 1.5350 remains intact. Please, also note that the current fall can be defined only as correction before the rally between 1.4450 and 1.5430 levels. Look lower for now.

Trading recommendations:

Remain short, stop at 1.4350, the target is at 1.4800.

Good luck!

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Technical analysis of Silver for September 10, 2014 Market Analysis Review

Technical outlook and chart setups:

Silver finds support at the $18.90 level, just ahead of the critical low defined at $18.60 for now. The metal pulled back sharply to close above the $19.00 mark. A 4H chart view has been depicted here to catch a short-term reversal signal. Please, keep in mind the bigger picture discussed on the daily chart yesterday. As seen here, the metal has produced an engulfing bullish signal, indicating a potential reversal from current levels ($19.06). A follow through rally towards $19.30 and subsequently to $19.50 would confirm that bulls are back in control. Immediate support remains fixed at the $18.60 level, while resistance is seen at $19.30, followed by $19.50, $19.90/$20.00 and higher respectively.

Trading recommendations:

Remain long, stop at $18.60, the target is open.

Good luck!

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Technical analysis of Gold for September 10, 2014 Market Analysis Review

Technical outlook and chart setups:

Gold has made yet another low yesterday at the $1,247.00 level before pulling back towards the $1,257.00 region at close. The metal seems to have found support just ahead of $1,240.00 levels for now. A 4H chart view has been depicted here to provide immediate bullish structural view, keeping in mind the daily chart discussed yesterday. As seen here, an engulfing bullish reversal signal has appeared after printing lows, which indicates a potential trend reversal. We would like to see a follow through up to $1,274.00 levels to confirm that bulls are back firmly in control. Immediate support is the $1,240.00 level while resistance is seen through $1,258.00, followed by $1,272.00/74.00 and higher respectively.

Trading recommendations:

Remain long, stop at $1,240.50, target is open.

Good luck!

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Daily analysis of major pairs for September 10, 2014 Market Analysis Review

EUR/USD: This is still a bearish market in spite of the shallow bullish attempts that can be seen in the chart. The resistance lines at 1.3000 and 1.3050 could serve as barriers to more bullish attempts. The price may go further downwards – thus turning out to be a short-selling opportunity for bears. Should this happen, the price may reach the support line at 1.2850.

USD/CHF: The dominant bias on the USD/CHF is northward. In spite of the current bearish retracement, the price may still go upwards, reaching the resistance level at 0.9400. More bearish speculations are expected to be contained at 0.9300 and 0.9250; something that would be favorable to bulls.

GBP/USD: After challenging the price territory at 1.6100, the cable which is bearish, has consolidated. What would be the next price action? The most likely journey is southward, which may take the market to the accumulation territory at 1.6000. Long trades on the cable are not yet recommended.

USD/JPY: Here, the signal is still a ‘buy.’ The price is far above the EMA 56 and the RSI period 14 is above the level 50. Unless the price crosses the EMA 56 to the downside and the RSI period 14 crosses the level 50 to the downside, it would be illogical to go short in this market. The market may go further upwards, reaching another target at the supply level of 106.50.

EUR/JPY: Further weakness in the yen and a measure of bullish determination in the euro has made the EUR/JPY cross gone upwards. Further upward journey, especially above the supply zone at 137.50, would result in a Bullish Confirmation Pattern in the chart. This can also mean the beginning of a sustained northward bias.

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