Technical analysis of EUR/JPY for October 09, 2014 Market Analysis Review

The pair has been trading below 50Wsma and 20Wsma, it represents selling on every rise in the near term and short term. This week, as of now today the pair was rejected at 20Wsma, 137.93. In the daily chart the pair has been trading below all the near- and short-term moving averages, it represents complete selling. The pair has support at 136.55, below this, 135.80 and 135.70 will act as major support. In case if the pair breaks below 135.70, we can see a free fall. Our positional target is up to 134 levels.

For an intraday view, the prices closed and trading above the hourly moving averages 35DEMA and 12ema levels. The pair is facing strong resistance at 137.95, the 50.0 fib level and 10-hr high. We recommend buying only above 138 levels. Selling will mint money on every rise.

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Technical analysis of GBP/USD for October 09, 2014 Market Analysis Review

The pair gave strong close in yesterday's session. The pair has strong resistance at 1.6210 200Wema and 20Dsma 1.6235 levels. In case, if the pair closes above 20Dsma 1.6235 and the weekly resistance trend line, the near-term trend turns positive. On the down side, the pair has support at 1.6090, 1.6050 and 1.5950 levels. Today as of now, the pound was unable to breach the previous day high of 1.6181 levels. Like EUR/USD, the pound as well breached and closed above the 13-days descending trend line, but is facing strong resistance at the 2-month descending trend line.

Support 1.6090, 1.6050, 1.5950

Resistance 1.6181, 1.6210, 1.6235

For an intraday view, the prices are closed above 12ema. For the last 3 days the prices have been supported by 35DEMA on an hourly closing basis. We recommend fresh buying above 1.6182 only. The pair support is at 1.6129, 1.6091 and 1.6025 levels. Risky traders can start selling below 1.6150 for targets 1.6130, 1.61 and 1.6025 levels. Buy above 1.6182 for targets at 1.62, 1.6235 and 1.6250, may be even 1.63 levels.

Trade-

Buying above 1.6182

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Technical analysis of GBP/JPY for October 09, 2014 Market Analysis Review

The pair again fell back to the symmetric triangle in the weekly chart. In yesterday's session the pair held 20Wsma and pulled back from the lows. The pair is facing resistance at the upper end of the triangle. In the daily chart the pair trading below the 20Dsma, but above 50Dsma. The trading pattern in the daily chart represents the 'selling the rise' strategy. In case if the price closes below 50Dsma (173.77), the short-term trend will turn down. In case if the pair closes above 177.50 on a monthly basis, then we can see 183 levels. But the chances are very remote.

For an intraday view, the prices are closed above 35DEma, but the pair is facing strong resistance at 34hrsma. We recommend selling at the market price of 174.70 with sl 175.05 and targets at 174.74, 174.15. For bulls, above 175.12, it can fly up to 175.90 levels.

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Technical analysis of EUR/USD for October 09, 2014 Market Analysis Review

When the European market opens, some economic news will be released such as German Trade Balance, French Trade Balance, ECB Monthly Bulletin, ECB President Draghi Speech.The US will release the economic data too such as the Unemployment Claims, Wholesale Inventories m/m, Natural Gas Storage, 30-y Bond Auction, so amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.2801.

Strong Resistance:1.2793.

Original Resistance: 1.2781.

Inner Sell Area: 1.2769.

Target Inner Area: 1.2739.

Inner Buy Area: 1.2709.

Original Support: 1.2697.

Strong Support: 1.2685.

Breakout SELL Level: 1.2677.

Best regards,

Arief Makmur

Official analyst of InstaForex Group

InstaForex Group

http://instaforex.com

email: Arief.jakarta@indo.instaforex.com

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 09, 2014 . Thanks for your support.

Technical analysis of USD/JPY for October 09, 2014 Market Analysis Review

In Asia, Japan will release the Core Machinery Orders m/m, Prelim Machine Tool Orders y/y, and the US will release some economic data such as Unemployment Claims, Wholesale Inventories m/m. Natural Gas Storage, 30-y Bond Auction. So there is a big probability the USD/JPY will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 108.68.

Resistance. 2: 108.45.

Resistance. 1: 108.24.

Support. 1: 107.99.

Support. 2: 107.78.

Support. 3: 107.56.

Best regards,

Arief Makmur

Official analyst of InstaForex Group

InstaForex Group

http://instaforex.com

email: Arief.jakarta@indo.instaforex.com

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 09, 2014 . Thanks for your support.

Technical analysis of EUR/USD for October 09, 2014 Market Analysis Review

Positional technical view-

The pair gave strong close in yesterday's session. The pair breached the descending 2-month trend line and closed above it. The 20Dsma level is acting as a strong resistance level, above this, the weekly support level is acting as resistance. In case the pair closes above 20Dsma (1.2766) and the weekly resistance trend line, the near term-trend will turn positive. This week, as of now the pair is showing strong strength after 25 weeks. Until the price trades above 1.2715 (previous week's high), the bulls have an upper hand towards 1.2765 and 1.28 trend line. If the pair breaches the 1.28 levels, we can expect another 50 pips on the upside.

Resistance: 1.2765, 1.28, 1.2850

Support: 1.2715, 1.2570, 1.2500

For an intraday view, the prices are closed above 12ema. For the last 3 days the prices have been supported by 12ema on an hourly closing basis. In the H4 chart, the pair is in progress to made a higher high after July 2014. The pair support is at 1.2715, 1.2650 and 1.2619 levels. We recommend buying at the market price of 1.2729, sl 1.2715, targets are 1.2750, 1.2775 and 1.28. For bears, sell below 1.2650 with targets at 1.2620 and 1.2580 levels.

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



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Daily analysis of USDX for October 09, 2014 Market Analysis Review

The USDX is conducting a deep pullback on the daily, because this instrument is trying to make a breakout at the support level of 85.18. The above scenario could happen in the USDX, because the current bullish trend is strong and there is still plenty of space for this instrument to fall in the medium term. The MACD indicator is entering negative territory.

Dailychart's resistance levels: 86.20 – 87.35

Dailychart's support levels: 85.18 – 84.29

On the H1 chart, the USDX is finally consolidating below the 200 SMA and the resistance level of 85.49. The USDX is forming a lower low pattern to make a breakout at the support level of 8527 and fall to the level of 85.03. This bearish outlook could be supported by the current position of the MACD indicator on this chart.

H1 chart's resistance levels: 85.73– 85.95

H1 chart's support levels: 85.49 – 85.27

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 85.27, take profit is at 85.03, and stop loss is at 85.49.

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