Technical analysis of EUR/USD for October 30, 2015 Market Analysis Review

When the European market opens, some economic news on the Italian Prelim CPI m/m, Unemployment Rate, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Italian Monthly Unemployment Rate, Spanish Flash GDP q/q, French Consumer Spending m/m, and German Retail Sales m/m is due to be released. The US will publish economic news on the Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, Personal Income m/m, Personal Spending m/m, Core PCE Price Index m/m, and Employment Cost Index q/q. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1040.

Strong Resistance:1.1034.

Original Resistance: 1.1023.

Inner Sell Area: 1.1012.

Target Inner Area: 1.0987.

Inner Buy Area: 1.10962.

Original Support: 1.0951.

Strong Support: 1.0940.

Breakout sell level: 1.0934.

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 October 30, 2015 . Thanks for your support.

Technical analysis of Gold for October 30, 2015 Market Analysis Review

Technical outlook and chart setups:

Gold dropped lower towards $1,145.00 as expected and discussed earlier. The yellow metal has reached its Fibonacci 50% support at the above levels as seen here. Please note that the metal still has room to correct lower towards Fibonacci 0.618 support around the levels of $1,138.00. It is hence recommended to remain flat for now and look for an opportunity to buy lower. Immediate support is seen at $1,130.00 followed by $1,100.00 and lower, while resistance is seen at $1,180.00 (interim) followed by $1,190.00 and higher.

Trading recommendations:

Remain flat, initiate long positions around the levels of $1,138.00.

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 October 30, 2015 . Thanks for your support.

Daily analysis of USDX for October 30, 2015 Market Analysis Review

The short-term outlook is calling for another deeper correction towards the support level of 96.71 where it is also expected to perform a rebound, because of the current 200 SMA location. By the way, if bulls are still getting favored in coming days (next week), a rally should be expected to test the zone of 98.00. The MACD indicator is still on the negative side, but bear in mind the moving average on the H1 chart is slightly bullish.

H1 chart's resistance levels: 97.51 / 97.77

H1 chart's support levels: 97.16 / 96.71

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the US dollar index breaks with a bullish candlestick; the resistance level is seen at 97.51, take profit is at 97.77, and stop loss is at 97.25.

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 October 30, 2015 . Thanks for your support.

Daily analysis of GBP/USD for October 30, 2015 Market Analysis Review

GBP/USD is doing some recover moves above the support level of 1.5296 focusing on the 200 SMA in the H1 chart. We should expect a pullback around that level pointing across the level of 1.5296 level again. In another scenario, we still would like to see a lower continuation towards the psychological zone of 1.5200 on a short term basis. The MACD indicator is currently favoring a bullish corrective bias.

H1 chart's resistance levels: 1.5339 / 1.5368

H1 chart's support levels: 1.5296 / 1.5262

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 1.5296, take profit is at 1.5262, and stop loss is at 1.5330.

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 October 30, 2015 . Thanks for your support.

Technical analysis of USD/JPY for October 30, 2015 Market Analysis Review

In Asia, Japan will release data on the BOJ Press Conference, BOJ Outlook Report, Housing Starts y/y, Monetary Policy Statement, Unemployment Rate, National Core CPI y/y, Tokyo Core CPI y/y, and Household Spending y/y. The US will publish economic data about Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, Personal Income m/m, Personal Spending m/m, Core PCE Price Index m/m, and Employment Cost Index q/q. So, there is a strong probability that the USD/JPY pair will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 121.54.

Resistance. 2: 121.31.

Resistance. 1: 121.07.

Support. 1: 120.77.

Support. 2: 120.54.

Support. 3: 120.30.

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 October 30, 2015 . Thanks for your support.

Technical analysis of AUD/USD for October 30, 2015 Market Analysis Review

Overview:

• TheAUD/USD pair has broken a major support at the level of 0.7105. Additionally, it should be noted that the price had opened below the major support yesterday. Moreover, the weekly pivot point is set at 0.7070 today. Therefore, it will probably start downside movement in this area and recover again. So, the market will indicate a bearish opportunity below the level of 0.7105 for that sell at this spot with the first target at 0.7040 (23.6% of Fibonacci retracement levels), and continue towards 0.7002. On the other hand, if there is a break at the level of 0.7185, it will be a good location for placing the stop loss.

Forecast:

• According to the previous events, the AUD/USD pair is still moving between 0.7150 and 0.7040.
• Strong resistance will be formed at the level of 0.7150 providing a clear signal for sell deals with targets seen at 0.7040 and 0.7008.
• Stop-loss is to be placed above 0.7185.

Notes:

• The double top will be set at the level of 0.7185.
• We expect a range of 90 pips today. But it should be noted that the risk of 45 pips must make a profit of 90 pips.
• Volatility: 112.50. Therefore, the market indicates a medium volatility.
• The value of 50% Fibonacci retracement levels is 0.7151 for confirming a bullish market).

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 AUD/USD for October 30, 2015 . Thanks for your support.

Technical analysis of EUR/USD for October 30, 2015 Market Analysis Review

Overview:

• The The daily pivot is set at the leve the level of 1.1009. Also, the minor resistance level is seen at 1.1009 today. The price is around this key level now. Consequently, the market will call for a bullish trend, if the price holds above the level of 1.1009. Accordingly, if the trend fails to close below the daily pivot point, it will be a good opportunity to buy above the level of 1.1015 with the first target at 1.1080, then it is expected to continue moving in an uptrend towards 1.1133 in order to test the daily resistance 1. At the same time, the stop loss should always be taken in account because it should never exceed your maximum exposure amounts. As a result, the best location to set your stop loss should be placed below the level of 1.0975. It should be noted that the level of 1.0905 represents the double bottom.

Notes:

• The daily support is found at the level of 1.0950.
• The major resistance is seen at the 1.1133.
• We saw an insignificant range of 68 pips yesterday because the volatility was not high. But, today we expect a large range between 1.0905 and 1.1133.

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 October 30, 2015 . Thanks for your support.