EUR/JPY H1 and H4 analysis for November 19, 2013 Trend News

General overview for 19/11/2013 07:25 CET

A labeling has been a little bit changed just to indicated a possible longer wave W brown, so this upward wave development has been relabeled to (a)(b)(c) navy cycle. Nevertheless the oveall overview remains the same: more higher prices in view.

Currently, the price is in corrective cycle wave X brown. The first leg of correction has been done (green), and now some reaction to the upside should be seen in wave b green. When it is done, last wave down, c green, will be anticipated and new highs are on the wave.

134.00 is the Key Level here for intraday traders. Breakout to the downside exposes 132.21 Intraday Support level.

Support/Resistance:

135.33 - Intraday High

134.47 - Intraday Support

134.39 - Weekly Pivot

134.00 - Technical Support

133.70 - WS1

133.21 - Intraday Support

Trading recommendations:

In anticipation of wave c green to the downside, the short side of the market should be in play from 135.33 level with a TIGHT SL and potential TP at 134.47 and 134.00.

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via EUR/JPY H1 and H4 analysis for November 19, 2013 . Thanks for your support on EUR/JPY H1 and H4 analysis for November 19, 2013

EUR/USD intraday technical levels and trading recommendations for November 18, 2013 Trend News

The price zone of 1.3560-1.3600 represented a valuable supply zone that kept the price below for almost two months. However, lack of bearish follow-up was witnessed around 1.3480. Instead, a significant bullish rejection was expressed leading to a Flag continuation pattern.

According to the final readings of the European Statistical Office one week ago, the European inflation was 1.1% in September, in line with preliminary projections, it settled at 1.3% in August. This constituted to the recent bullish jump that took place on October 22.

Previous daily candlesticks represented indecision around 1.3800 strongly suggesting bearish retracement towards 1.3700 the 1.3650 which took place shortly after.

The price zone extending between 1.3550-1.3460 was considered a valuable supply zone. This zone failed to provide a strong support. Instead, bearish breakdown took place with a quite strong momentum leading to breakdown of 1.3400 as well.

Price Zone 1.3300-1.3330 provided strong DEMAND for the pair pushing towards higher above 1.3400 - 1.450 (prominent technical levels)

Persistence of the current through above 1.3450 will lead to the next supply level around 1.3560-1.3600 where price action should be watched.

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via EUR/USD intraday technical levels and trading recommendations for November 18, 2013 . Thanks for your support on EUR/USD intraday technical levels and trading recommendations for November 18, 2013

#USDX analysis for November 18, 2013 Trend News

The Dollar index did not manage to break above 81.30 and 81.50 and continued its negative slope corrective pattern making lower lows and lower highs in the short term. Prices remain inside a short-term downward sloping trend channel, and unless prices break above it, the downward correction could continue towards 80.50.

Prices are being supported as long as they trade inside the green area shown in the chart above. The downward move from the highs is definately not impulsive as the overlapping structure of the decline implies correction. The end of the downward correction will be confirmed once prices break above 81.25. When that happens, we should expect the highs at 81.50 to be challenged.

Prices are taking a downward slope in the daily chart and that puts pressures on the short-term trend. Daily support is found at 80.50 and at 80.15. Resistance is found at 81.40-50. Breaking above that level will confirm the end of the correction and start of a new upward move towards 82.50. We remain neutral in the short term. We will change to long if prices break above 81.30. The longer-term view remains bullish, as long as prices trade above 79 with 84-86 target.

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via #USDX analysis for November 18, 2013 . Thanks for your support on #USDX analysis for November 18, 2013

EUR/USD intraday technical levels and trading recommendations for November 15, 2013 Trend News

The price zone of 1.3560-1.3600 represented a valuable supply zone that kept the price below for almost two months. However, lack of bearish follow-up was witnessed around 1.3480. Instead, a significant bullish rejection was expressed leading to a Flag continuation pattern.

According to the final readings of the European Statistical Office one week ago, the European inflation was 1.1% in September, in line with preliminary projections, it settled at 1.3% in August. This constituted to the recent bullish jump that took place on October 22.

Previous daily candlesticks represented indecision around 1.3800 strongly suggesting bearish retracement towards 1.3700 the 1.3650 which took place shortly after.

The price zone extending between 1.3550-1.3460 is now considered a valuable supply zone. This zone failed to provide a strong support. Instead, bearish breakdown took place last week with a quite strong momentum leading to breakdown of 1.3400 as well.

Persistence of the current breakdown below 1.3400-1.3450 will lead to the next support level around 1.3230 where price action should be watched. Otherwise, bullish reversal may take place to visit again the upper limit of the SUPPLY zone around 1.3555 then possibly 1.3625.

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via EUR/USD intraday technical levels and trading recommendations for November 15, 2013 . Thanks for your support on EUR/USD intraday technical levels and trading recommendations for November 15, 2013

GBPUSD resistance seen towards 1.6200. Trend News

Technical outlook and chart setups:

The currency pair has been moving in consolidation since last several trade sessions as depicted here. The line of resistance is passing through 1.6250 levels now, while support is passing through 1.5900 levels respectively. It is recommended to initiate short positions on a rally towards 1.6200 from here on. The down side extensions are pointing towards 1.56 and 1.52 levels respectively. A break down below 1.59 would confirm the same and prices should fall aggressively from there on. The lined up support levels are 1.5400, followed by 1.51 and lower. Looking to sell rallies from here on.

Trading recommendations:

Sell rallies through 1.6200, stop 1.63, target is open.

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via GBPUSD resistance seen towards 1.6200. . Thanks for your support on GBPUSD resistance seen towards 1.6200.

USDCHF rally to accelerate. Buy on dips Trend News

Technical outlook and chart setups:

The currency pair has broken the immediate down trend line as depicted here. Also the initial resistance levels near .9200 has been cleared by bulls. A pullback should be expected now, around 0.9030 levels now, before resuming the rally. It is strongly recommended to buy around 0.9050 levels now, with upside extensions towards 0.9050 levels. Intermediary support is just below 0.9000 levels and dips should remain well capped above that; while resistance is now at 0.9450 levels respectively. The overall structure is unfolding as an inverted head and shoulder, and its right shoulder is around 0.9030 ideally. Looking to buy aggressively on dips.

Trading recommendations:

Buy 50% now and remaining 50% at 0.9030/50, stop at 0.8900, target is open.

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via USDCHF rally to accelerate. Buy on dips . Thanks for your support on USDCHF rally to accelerate. Buy on dips

USDJPY breaking out of consolidations. Buy on dips around 99.60/80 Trend News

Technical outlook and chart setups:

The currency pair is seen breaking out of cone consolidation here. It is recommended to buy on dips towards 99.60/80 levels on the downside now. It is the backside of resistance line, which is support now hence ideal to buy between 99.60/80 levels now. Higher up resistance levels are seen at 101.00 and 103.00; while supports are at 98.00, followed by 97.00 and lower. Please note that sideways breakouts are quite aggressive and powerful and tend to cross barriers quickly. The overall structure indicates a bullish breakout here with upside extending towards 110.00 levels possibly. Looking to buy on dips aggressively.

Trading recommendations:

Aggressive traders, buy 50% now (100.35) and remaining 50% on test of the backside around 99.60/80, set stop below 98.00, target is open.

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via USDJPY breaking out of consolidations. Buy on dips around 99.60/80 . Thanks for your support on USDJPY breaking out of consolidations. Buy on dips around 99.60/80