Technical analysis of EUR/USD for January 2, 2015 Market Analysis Review

Overview :

• The EUR/USD pair has closed at the price of 1.2101 at the last day of 2014. The trend is still below the major resistance lines and the market is calling for bearish market from its resistances around the area of 1.2155 and 1.2176. So, the strong resistance will set at the spot of 1.2155/1.2176 today. Also, the price of 1.2030 should be considered. It represents a strong support on January 2, 2015. Consequently, we expect a range about 82 pips at the same day. Therefore, the market will probably indicate a bearish opportunity at the level of 1.2155 and the weekly pivot point will act as minor resistance around the area of 1.2133. Thus, according to previous events, the price is going to move between the price of 1.2155 and the 1.2030 level. Нence, the area above 1.2033 (above the strong support) looks for further upside with the first target at the 1.2150 level and continue towards 1.2193 in order to form to test the weekly resistance. Generally, the descending movement will probably be lower than the 1.2155 level with the target at the 1.2030 level. So, the new double bottom sets at the level of 1.2030 and also coincides with the major support.

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/USD for January 2, 2015 . Thanks for your support.

Technical analysis of EUR/JPY for January 01, 2015 Market Analysis Review

Technical outlook and chart setups:

The EUR/JPY pair has broken the intermediary support trendline as depicted here, and is seen trading around 144.70/80 levels. The pair can still drift sideways for a while before rallying further up through the 148.00 levels. On the flip side, a further push lower from current levels could drift prices towards 142.00 levels before reversing. It is safe to remain flat for now, look for reaction around 146.00 levels, and to initiate short positions. Immediate resistance is seen at 146.00 levels (support turned resistance line), followed by 147.00, 148.00 and higher, while support is seen at 142.00, followed by 140.00 and lower respectively.

Trading recommendations:

Remain flat for now.

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 EUR/JPY for January 01, 2015 . Thanks for your support.

Technical analysis of GBP/CHF for January 01,2015 Market Analysis Review

Technical outlook and chart setups:

The GBP/CHF pair has rallied through 1.5500 levels as discussed and expected earlier. Please note that the pair's value could come in at 1.5620 levels before a meaningful retracement can be expected. Immediate support is seen at 1.5320/25, followed by 1.5250, 1.5000 and lower while resistance is seen at 1.5550/60 levels respectively. It is safe to hold long positions taken earlier. Risk remains at 1.5300 levels for now. Looking into the 4H structure depicted here, the bulls are poised to push prices through 1.5520 and subsequently through 1.5620 levels. Only a break below 1.5300 levels would delay matters further.

Trading recommendations:

Remain long, lock in profits at 1.5300, target 1.5520 and 1.5620.

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 January 01,2015 . Thanks for your support.

Technical analysis of Gold for January 01, 2015 Market Analysis Review

Technical outlook and chart setups:

A 4H chart view for Gold has been depicted here. The metal bounced off the fibonacci 0.618 support around $1,160.00/70.00 levels last week and has been holding it untill now. Bulls should remain in control, till prices remain above $1,170.00 levels for now. In terms of price, the immediate support is seen at $1,170.00 (interim), followed by $1,143.00, $1,130.00 and lower while resistance is seen at $1,235.00, followed by $1,255.00 and higher respectively. It is recommended to hold long positions taken earlier around $1,170.00 levels last week and also look to add further on dips. Only a break below the trend line and subsequently below $1,143.00 would delay matters.

Trading recommendations:

Remain long, stop below $1,160.00, 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 January 01, 2015 . Thanks for your support.

EUR/NZD analysis for December 31, 2014 Market Analysis Review

Overview:

In our last analysis, EUR/NZD was trading sideways around the price of 1.5515. We are facing very low volume on the market due to the bank holidays. Our support level around the price of 1.5650 got broken, which is a sign that we may see more downward movement. I have placed major Fibonacci expansion to find potential support level and got Fibonacci expansion 100% at the price of 1.5400. According to the H4 time frame, we can observe weak supply, which is a sign that selling EUR/NZD at this stage looks risky. My advice is to watch for potential selling opportunities after retracement with potential target around the price of 1.5400. Anyway, if we see a larger demand on the market in a very high volume, it may confirm further bullish corrective phase.

Daily Fibonacci pivot levels:

Resistance levels:

R1: 1.5600

R2: 1.5631

R3: 1.5681

Support levels:

S1: 1.5500

S2: 1.5469

S3: 1.5419

Trading recommendations: Be careful when selling the EUR/NZD pair at this stage, since we can observe supply in a low volume.

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 EUR/NZD analysis for December 31, 2014 . Thanks for your support.

Daily analysis of USDX for December 31, 2014 Market Analysis Review

On the daily chart, the USDX has made a pullback on the level of 90.37 to form a higher high pattern, since this instrument has formed a fractal below the low levels played a couple of days ago, which would give some strength to the USDX. However, due to so pronounced movement that has had the USDX in the medium term, this instrument could fall to the level of 88.63.

Dailychart's resistance levels: 90.40 / 93.44

Dailychart's support levels: 88.63 / 87.35

In the last hours, the USDX has just tried to do a bullish consolidation above the 90.01 level, but without success. These movements have only a very solid technical explanation that the volume of trading of the New Year's eve is being present, because the USDX has low range movements and MACD indicator is a proof of this, as it is in the neutral territory.

H1 chart's resistance levels: 90.01 / 90.26

H1 chart's support levels: 89.76 / 89.51

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 90.01, take profit is at 90.26, and stop loss is at 89.75.

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 Daily analysis of USDX for December 31, 2014 . Thanks for your support.

Daily analysis of GBP/USD for December 31, 2014 Market Analysis Review

The GBP/USD is having a bullish momentum at the end of the year, making a consolidation near the resistance level of 1.5642. However, the bearish structure on the daily chart still remains intact, because the GBP/USD still has a high probability of falling back to the support level of 1.5506 and conduct a breakout in that area with the formation of a bearish pattern.

Dailychart's resistance levels: 1.5642 / 1.5746

Dailychart's support levels: 1.5506 / 1.5407

On the H1 chart, GBP/USD has made a breakout at the level of 1.5590, so that the next short-term target in the for this pair would be the resistance level of 1.5632. This bullish move time can not be considered as a possible trend change in the GBP/USD, because this pair currently does not have enough bullish momentum.

H1 chart's resistance levels: 1.5632 / 1.5686

H1 chart's support levels: 1.5590 / 1.5534

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 1.5590, take profit is at 1.5534, and stop loss is at 1.5646.

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 Daily analysis of GBP/USD for December 31, 2014 . Thanks for your support.