Author's today's articles:
Mourad El Keddani - Official analyst of InstaForex Group
Was born in Oujda, Morocco. Currently lives in Belgium. In 2003 obtained B.S. in Experimental Sciences. In 2007 obtained a graduate diploma at Institut Marocain Specialise en Informatique Applique (IMSIA), specialty �Software Engineering Analyst. In 2007�009 worked as teacher of computer services and trainer in a professional school specializing in computer technologies and accounting. In 2005 started Forex trading. Authored articles and analytical reviews on Forex market on Forex websites and forums. Since 2008 performs Forex market research, and develops and implements his own trading strategies of Forex analysis (especially in Forex Research & Analysis, Currency Forecast, and Recommendations and Analysis) that lies in: Numerical analysis: Probabilities, equations and techniques of applying Fibonacci levels. Classical analysis: Breakout strategy and trend indicators. Uses obtained skills to manage traders�accounts since 2009. In April 2009 was certified Financial Technician by the International Federation of Technical Analysts. Winner of several social work awards: Education Literacy and Non-Formal Education (in Literacy and Adult Education in The National Initiative for Human Development).Languages: Arabic, English, French and Dutch.
Interests: Algorithm, Graphics, Social work, Psychology and Philosophy.
Arief Makmur - Official analyst of InstaForex Group
Born May, 15th/1970 at Jakarta; Graduate from Trisakti University in 1998 at Major Corporate & Bussiness Law. Starting in Finance World in 1998 at Jakarta Stock Exchange & Familliar with Forex Market since December 2003.
Weekly technical levels of GBP/USD for September 29, 2014
2014-09-28
The weekly technical levels of the GBP/USD pair.
Trading recommendations:
Warning:
- According to the previous events, the price of GBP/USD pair has still been trapped between the levels of 1.6235 and 1.6300. Also, it should be noted that the psychological level is at 1.6300 which represents the weekly pivot point on the 19th of September 2014.
- Buy above the weekly support 1 at 1.6184 with the first target at 1.6280 in order to test the weekly pivot point, it might resume to 1.6315 in case the trend will be able to break the level of 1.63.
- Another outlook: Below the resistance which sets at the level of 1.6366, look for further downside with 1.6305 and 1.62 targets. It should be noted that a double bottom will be formed at the level of 1.6161 in H1 chart.
- Stop loss should never exceed your maximum exposure amounts.
- Risk to reward ratios are important and should be calculated.
Example:
- A risk reward ratio of 1:1.5 is recommended:
- Risk: 118 pips should make a profit of 177 pips.
- 118 pips * 1:1.5 = 177 pips.
Weekly technical levels of EUR/USD for September 29, 2014
2014-09-28
The weekly technical levels of EUR/USD
Outlook:
Review:
- The level of 1.2753 is going to form a coherent resistance on September 29, 2014. Moreover, it might be important to notice that the pivot point of the EUR/USD pair will set at the price of 1.2753. Also, it should be noted that the support was broken and turned to resistance last week. As a result in the short term it will very profitable to sell at 1.2650 with a target at 1.2606 in order to test the first support. On the other hand, the best place to set stop loss should be above the weekly pivot point.
- The pivot point: resistance 3 and support 3 are considered to be clear indicators of the maximum range of extreme volatility, though it is possible to pass them through. Pivot lines work well on sideways markets as the prices are most likely to be located between the resistance 1 and support 1 lines. Within a strong trend, the price is expected to be lower than the pivot point line and to continue moving. If the breaking news released may affect the market, the price is likely to go straight through resistance 1 or support 1 and even reach resistance 2 and resistance 3 or support 2 and support 3.
Technical analysis of USD/JPY for September 29, 2014
2014-09-28
In Asia, Japan will not release any economic news, but the US will release some economic data such as ore PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Pending Home Sales m/m. So there is a big probability the USD/JPY will move with low volatility during the day.
TODAY TECHNICAL LEVELS:
Resistance. 3: 109.96.
Resistance. 2: 109.75.
Resistance. 1: 109.53.
Support. 1: 109.26.
Support. 2: 109.05.
Support. 3: 108.83.
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.
Technical analysis of EUR/USD for September 29, 2014
2014-09-28
When the European market opens, some economic news will be released such as German Prelim CPI m/m, Spanish Flash CPI y/y, Italian 10-y Bond Auction. The US will release the economic data too such as the Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Pending Home Sales m/m, so amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.2736.
Strong Resistance:1.2728.
Original Resistance: 1.2716.
Inner Sell Area: 1.2704.
Target Inner Area: 1.2674.
Inner Buy Area: 1.2644.
Original Support: 1.2632.
Strong Support: 1.2620.
Breakout SELL Level: 1.2612.
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.
TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.2736.
Strong Resistance:1.2728.
Original Resistance: 1.2716.
Inner Sell Area: 1.2704.
Target Inner Area: 1.2674.
Inner Buy Area: 1.2644.
Original Support: 1.2632.
Strong Support: 1.2620.
Breakout SELL Level: 1.2612.
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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