Elliott wave analysis of EUR/NZD for April 15 - 2015 Market Analysis Review

Technical summary:

Red wave iv is likely to be terminated at 1.4237 as we pointed out yesterday. However, the following minor correction was a bit more complex than we had expected. No matter what, we are currently looking for red wave v lower towards at least 1.3905 and even lower to 1.3700, if red wave v extends too. In the short term, we will ideally see resistance at 1.4154 protecting the upside for the next strong decline towards 1.4009 and even lower to 1.3967 before the next possible consolidation.

Trading recommendation:

Our stop at 142.00 was hit, but we will re-sell EUR at 1.4145 with a stop at 1.4210 and take profit at 1.3920

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 April 15 - 2015 . Thanks for your support.

Elliott wave analysis of EUR/JPY for April 15 - 2015 Market Analysis Review

Technical summary:

With a low at 126.02, we missed the ideal long-term target by just 4 small pips. Even though, we think the rally following the low looks impulsive but we would still like to see minor support at 126.96 protecting the downside for a rally to just above 127.83 to indicate the bottom being in place. Once the first minor five wave rally from the 126.02 low is in place, we need to look for a deep correction in minor wave ii, which should be used to buy EUR with a stop just below 126.02 for a strong rally in wave iii higher.

Trading recommendation:

If you are not long EUR already, then buy EUR here or wait for a correction into the 126.75 - 126.96 area and place stop at 125.95.

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 April 15 - 2015 . Thanks for your support.

Technical analysis of EUR/USD for April 15, 2015 Market Analysis Review

When the European market opens, economic data about Minimum Bid Rate, ECB Press Conference, German 10-y Bond Auction, Trade Balance, French CPI m/m, and German Final CPI m/m are due for release.The US will publish economic data on the TIC Long-Term Purchases, Beige Book, Crude Oil Inventories, NAHB Housing Market Index, Industrial Production m/m, Capacity Utilization Rate, and Empire State Manufacturing Index. So, EUR/USD will move low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.0697.

Strong Resistance:1.0690.

Original Resistance: 1.0680.

Inner Sell Area: 1.0670.

Target Inner Area: 1.0645.

Inner Buy Area: 1.0620.

Original Support: 1.0610.

Strong Support: 1.0600.

Breakout SELL Level: 1.0593.

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 EUR/USD for April 15, 2015 . Thanks for your support.

Technical analysis of Gold for April 15, 2015 Market Analysis Review

GOLD

The yellow metal is supported by the weak US data. The retail sales reading printed positive bias but below the expectations that made USD weaker. The metal changed its direction from $1,183.70 but rejected at $1,200.00 and 50 Dsma $1,199.50 again. At yesterday's session, the metal fell below the 20dsma, but at the end of the day managed to close slightly above that. Today, at the Asian session, the metal has faced resistance at 20dsma $1,195.00 again. Strong resistance is found at $1,199.00. In the four-hour chart, the metal price has been making lower lows and lower high's formation. Until the price closes below $1,200.00, bears will try to move below $1,180.00 and $1,178.00. The trend-change level is found at $1,178.00. In case the price closes below $1,178.00, it can extend its fall towards a 52-week low. But, softening USD is minimizing the bearish view on the metal. For an intraday session, we recommend buying above $1,196.00 with targets at $1,199.00, $1,201.00, $1,206.00, and $1,210.00. On the downside, we recommend selling below $1,188.00 with targets at $1,183.00 and $1,180.00. The panic will be triggered below $1,178.00. At Monday's session, we recommended selling below $1,198.00 with targets $1,195.00, $1,192.00, $1,190.00. The metal has finally made a low at $1,183.00. We still have 3 trading sessions in this week. Traders can keep eye on $1,178.00 on the downside and $1,200.00 on the upside. Today, bulls must close above $1,200.00 and $1,210.00 on a weekly basis.

Trade: Selling below $1,180.00 buying above $1,196.00

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 April 15, 2015 . Thanks for your support.

Technical analysis of USD/JPY for April 15, 2015 Market Analysis Review

In Asia, Japan will release the Revised Industrial Production m/m. The US is expected to release some economic data on TIC Long-Term Purchases, Beige Book, Crude Oil Inventories, NAHB Housing Market Index, Industrial Production m/m, Capacity Utilization Rate, and the Empire State Manufacturing Index. So, there is a strong probability that the USD/JPY will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 120.23.

Resistance. 2: 120.00.

Resistance. 1: 119.76.

Support. 1: 119.48.

Support. 2: 119.24.

Support. 3: 119.00.

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 April 15, 2015 . Thanks for your support.

Technical analysis of Crude for April 15, 2015 Market Analysis Review

CRUDE:

Iran Oil minister Bijan Namdar wants to cut OPEC production by 5% to 30mn barrels a day. The OPEC meeting is going ahead in June 05, in Vienna. Today, OPEC secretariat is going to release the monthly market report. This can reveal individual data for countries' oil production the March. The overall OPEC oil production stands at 30.72 million barrels per day in March. We didn't expect OPEC to cut production in the coming June meeting. It's going to be a big thump up.

In the context of technical analysis, crude oil gave an upside breakout from the inverse head and shoulder. Parallel resistance is seen at $54.22. A daily close above $54.22 is likely to lead to $57.00, $58.50, and $59.00 in the coming weeks. A break below $47.00 will cancel the view. In the four-hour chart, the higher highs and higher lows formation takes place. Intraday support is found at $53.07 and resistance is seen at $54.22. Weekly resistance is seen at $55.65. In the daily chart, the prices closed above 20, 50 and 100Dsma. It turned me to bullish side. In case of a close above $55.65 100Dema, the price can move towards the given upside targets. On a positional view, we recommend buying between the current market price and $50.00 with sl 47.00 and targets at $55.50, $57.00, $58.00, $59.00, and $62.00.

NUTSHEEL

In case the price closes above $54.22, it is likely to touch $55.50 and $57.00

In case the price closes above $55.65, it is likely to touch $59.00 and $62.00

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 Crude for April 15, 2015 . Thanks for your support.

#USDX technical analysis for April 15, 2015 Market Analysis Review

Weak retail sales published today pushed the Dollar index lower. The short-term reversal has found support at the 38% retracement and we could see an upward reversal from the current levels. A high is close to the previous highs and bulls need to be extra cautious.

The Dollar index has retraced as much as the 38% retracement. We could see a short-term bounce but I believe bulls are likely to emerge at the 61,8% retracement. Resistance is at 100 and this double top is a bad signal for bears.

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 #USDX technical analysis for April 15, 2015 . Thanks for your support.