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

When the European market opens, some economic news will be released such as ECB President Draghi Speech and Trade Balance. The US will release the economic data too such as the TIC Long-Term Purchases, NAHB Housing Market Index, Industrial Production m/m, Capacity Utilization Rate, and Empire State Manufacturing Index. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1276.

Strong Resistance:1.1270.

Original Resistance: 1.1259.

Inner Sell Area: 1.1248.

Target Inner Area: 1.1222.

Inner Buy Area: 1.1196.

Original Support: 1.1185.

Strong Support: 1.1174.

Breakout SELL Level: 1.1168.

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.

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

In Asia, Japan will not release any economic data. However, the US will release some economic data such as TIC Long-Term Purchases, NAHB Housing Market Index, Industrial Production m/m, Capacity Utilization Rate, and Empire State Manufacturing Index. So there is a big probability the USD/JPY pair will move with low volatility during the Asian session, but with low to medium volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 124.13.

Resistance. 2: 123.87.

Resistance. 1: 123.64.

Support. 1: 123.35.

Support. 2: 123.11.

Support. 3: 122.86.

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 June 15, 2015 . Thanks for your support.

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

The euro edged higher 1.30% against the USD on the week ending June 12^th. The pair managed to regain losses the pair had incurred last week. Greece is the driving force for the euro. Weakness on the US dollar added some more fuel to euro bulls. The pair managed to close above 20Wsma on a second consecutive week as well. This month, the pair has managed to trade above a 4-month high.

This week, the economic calendar is full of important data. The week starts with Germany's Bundesbank President speech followed by ECB President. On Tuesday, German ZEW economic sentiment, European court of Justice ruling, and employment change on quarterly basis are due. CPI on yearly basis will be released on Wednesday. On Thursday, targeted LTRO and the Eurogroup meeting will be held. The week ends with German PPI and ECOFIN meetings.

Weekly view: On the daily and four-hour charts, the pair has been forming higher highs and higher lows formation. The pair managed to close above 20Wsma which is set at 1.1050. Last week, the pair managed to close above 100Dema on a closing basis. These factors added power to euro bulls to make 1.1700. The weekly resistance seems at 1.1345, 1.1400 and 1.1470. Support is found at 1.1125, 1.1050, 20Wsma and last hope remains at 1.1035 50Dsma. A daily close above the previous swing high aims at 1.1700.

Intraday: In the four-hour chart, the pair made a double top pattern at 1.1387. Bulls must close above 1.1400 to erase the cap. Intraday resistance seems at 1.1325, 1.1345, and 1.1400. A trend change level remains at 1.1470. Support is seen at 1.1235, 1.1200, and 1.1150. The weekly trading pattern is framed between 1.1050 and 1.1470, either side closing will open gates for 1.1700 or 1.0900. At the Asian session, the euro is trading lower against USD & JPY. The Greek talks are supposed to break down pressure on the euro since the very beginning of the new week. The Eurogroup meeting is scheduled on June 18^th. This event could determine a further trend.

Trade: Selling is available below 1.1200 with targets at 1.1180/1.1170, 1.1130, and 1.1100. Selling is accelerating below 1.1100 with an immediate target at 1.1060.

Buying is possible above 1.1235 with targets at 1.1250, 1.1270, 1.1290, 1.1320, and 1.1345. In the extreme case, 1.1380 is likely to be hit. Strong head room is available above 1.1400. Safe buy above 1.1250.

To contact the author of this analysis, please email- joseph.wind@analytics.instaforex.com

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Daily analysis of major pairs for June 15, 2015 Market Analysis Review

EUR/USD: There is still a valid 'buy' signal on this pair, and it is rational to expect that the pair would go further upwards, testing the resistance lines at 1.1350 and 1.1400. After all, the resistance line at 1.1350 was tested last week. A continuous movement above the support line at 1.1150 would make the bullish expectation valid; otherwise, things would go bearish.

USD/CHF: This is a bear market, and the desperate struggle between bulls and bears have created rather high volatility here. Last week, it turned out that the price tested the support line at 0.9250 a few times, but it was unable to break it to the downside. The support line must be broken to the downside this week in order for the bearish bias to be strengthened further. Should it fail to happen, there would be a high risk of a bullish breakout.

GBP/USD: The Cable is currently strong and it should reach the distribution territory at 1.5700 this week. Nevertheless, a serious weakness could happen later this week or before the end of the month.

USD/JPY: In spite of the struggles of bulls, the USD/JPY pair is still bearish in the short term. The only factor that can render the bearish trend useless is an event in which the price goes above the supply level at 125.00. Otherwise, the bearish outlook would be valid for the most part of this week.

EUR/JPY: The dominant bias on this cross is bullish but the current price action in the market is a threat to the dominant bias. This week and next week, the events on this cross would be largely determined by what happens to the Euro; and therefore a significant weakness in the Euro could make the cross tumble.

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Daily analysis of USDX for June 15, 2015 Market Analysis Review

USDX is currently finding strong support around the 94.66 level. Now, the index could rally towards the resistance zone of 95.74. This week will be very decisive for the current trend of USDX on this time frame because it could resume the bullish bias in the coming days with a huge rebound. MACD indicator is on the negative territory.

The short-term outlook is still bearish on the H1 chart because the index is trading below the 200 SMA, but now it's finding resistance at the 95.15 level. Now, USDX could fall until the support level of 94.63 where also it could perform a breakout and do a new low to the 94.33 level, which is the next bearish target in the short term.

Daily chart's resistance levels: 95.74 / 96.97

Daily chart's support levels: 94.66 / 93.75

H1 chart's resistance levels: 95.15 / 95.71

H1 chart's support levels: 94.63 / 94.33

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USD Index breaks with a bearish candlestick; the support level is at 94.63, take profit is at 94.33, and stop loss is at 94.93.

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Daily analysis of GBP/USD for June 15, 2015 Market Analysis Review

GBP/USD remains bullish on the daily chart, because the pair is trying to do a consolidation above the 200 SMA again as it's facing the resistance level of 1.5543. If GBP/USD manages to break that zone, it would be expected to rise to the next resistance around the 1.5755 level in the medium term. MACD indicator is on the positive territory.

On theH1 chart, the pair is trading higher above the 200 SMA and the support level of 1.5548, where a higher high pattern is currently being formed. If the pair makes a breakout in the resistance zone of 1.5610, it could do a rally towards the resistance level of 1.5671 during this week. Anyway, it could make some pullbacks before any rallies.

Daily chart's resistance levels: 1.5543 / 1.5755

Daily chart's support levels: 1.5346 / 1.5199

H1 chart's resistance levels: 1.5610 / 1.5671

H1 chart's support levels: 1.5548 / 1.5502

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.5610, take profit is at 1.5671, and stop loss is at 1.5548.

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Technical analysis of EUR/USD for June 15-19, 2015 Market Analysis Review

Overview:

• The EUR/USD pair's support was broken and turned to resistance around the price of 1.1350 last week. The new support coincides with the ratio of 61.8% Fibonacci retracement levels. Therefore, the pair is going to form strong resistance at the 1.1350 and 1.1366 levels. Moreover, after it could not close above 78.6% Fibonacci retracement levels (1.1321), the pair started indicating the bearish market at this level. Thus, the EUR/USD pair will be called in a downside momentum rather convincing and the structure of the fall does not look corrective in order to indicate the bearish opportunity below 1.1350. Consequence, it will be a good sign to sell below 1.1350 with the first target of 1.1215 and it will call for a downtrend in order to go on with a bearish bias towards 1.1155 for testing the double bottom. At the same time, it should also be noted that the price has still been moving between 1.1250 and 1.1150. Besides, the MA(75) is still calling for a downtrend at this area.

The Weekly technical analysis of EUR/USD pair:

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