Silver Inched to 30.40 Yesterday, Sideways at the Moment. Expect Higher Highs from Here Trend News

Technical Outlook and Chart Setups:

Structurally things remain unchanged since last 4 trading sessions. One can expect this sideways range to continue for 1-2 days more before it breaks out finally. The 29.50/60 level is immediate support followed by 28.00 and 27.50, respectively; while resistance is at 32.50, 33.50 and 34.30/40, respectively. Also the current bottom formation at 29.50/60 is at confluence of trendline support, Fibonacci 0.618 support, and past resistance turned support region. It is, therefore, recommended to hold on long positions taken earlier, further buy on dips. Looking higher from here on.

Trade Recommendations:

Hold on to long positions taken earlier, stop at 29.00/28.75. Target is open (fresh highs).

Good Luck !

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via Silver Inched to 30.40 Yesterday, Sideways at the Moment. Expect Higher Highs from Here . Thanks for your support on Silver Inched to 30.40 Yesterday, Sideways at the Moment. Expect Higher Highs from Here

Gold Starts Forming Higher Highs. Immediate Target Seen at 1690.00 Trend News

Technical Outlook and Chart Setups:

Prices should gather momentum as early as next week according to the weekly charts. There may be another 1-2 days of consolidation possible before rally begins. Initial resistance is at 1690/1700 followed by 1720/22 and 1753.00, respectively. Support is seen at 1600/10 followed by 1560/70, respectively. It is recommended to buy at current levels and also on any intraday dips towards 1645/50 region. Looking higher from here on.

Trade Recommendations:

Hold on to long positions taken earlier, also initiate further longs during intraday dips, stop is at 1610/00. Target is open (fresh highs).

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via Gold Starts Forming Higher Highs. Immediate Target Seen at 1690.00 . Thanks for your support on Gold Starts Forming Higher Highs. Immediate Target Seen at 1690.00

EURJPY Targeting 114.00 and Higher. Hold on to Long Positions if Taken Trend News

Technical Outlook and Chart Setups:

As depicted here, the single currency pair bounced back from the past resistance that turned support region near 110.50. The next chart resistance is at 114.00 levels. Also Fibonacci extensions are pointing towards 117.00 levels and higher; but prices reaching straight remains unlikely. Immediate support is now at 110.50 levels followed by 106.00 and 105.00, respectively. Resistance is at 114.00, 117.00 and 120.00 respectively on daily charts. It is recommended to exit any long positions, if they have been taken earlier, at 114.00 levels; fresh long positions should be avoided at current levels.

Trade Recommendations:

Exit at 114.00 with any long positions taken earlier or yesterday. Avoid fresh buying at current levels.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via EURJPY Targeting 114.00 and Higher. Hold on to Long Positions if Taken . Thanks for your support on EURJPY Targeting 114.00 and Higher. Hold on to Long Positions if Taken

GBP/CHF Headed Towards 1.4650/00 as Initial Target Trend News

Technical Outlook and Chart Setups:

As depicted here and discussed earlier, the single currency pair has broken out of wedge formation and is headed towards 1.4600 levels as initial downside extensions. Immediate resistance shall be met at 1.4830/40 for any intraday rallies that materialize now. As one can observe, initial support at 1.4720/25 levels have been broken and the next level should be around 1.4600. It is recommended to hold on to short positions taken earlier and also look to build further shorts during intraday rallies towards 1.4850.

Trade Recommendations:

Hold on to short positions taken earlier, look to build further shorts during intraday rallies, move stop to breakeven, target is at 1.4600.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via GBP/CHF Headed Towards 1.4650/00 as Initial Target . Thanks for your support on GBP/CHF Headed Towards 1.4650/00 as Initial Target

GBP/CHF Breaks Support At 1.4720/25; Hold Short Positions Trend News

Technical Outlook and Chart Setups:

As depicted here, the single currency breaks below immediate support at the 1.4720/25 levels. Furthermore, the pair is completely out of the falling wedge formation. Minor pullback rallies can be expected, but they will be well capped below the 1.4830/40 levels. It is recommended to sell intraday rallies towards 1.4830/40 and also hold short positions taken earlier. Fibonacci support levels are at 1.4600 and lower, while resistance starts from the 1.4830/40 levels through the 1.5050 and 1.5150 levels respectively. Looking lower from here on.

Trading Recommendations:

Hold on to short positions taken earlier and sell further intraday rallies. Stop is at 1.5000, target is at 1.4600.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via GBP/CHF Breaks Support At 1.4720/25; Hold Short Positions . Thanks for your support on GBP/CHF Breaks Support At 1.4720/25; Hold Short Positions

EUR/JPY Remains Bullish; Retracements Should Be Bought Trend News

Technical Outlook and Chart Setups:

As depicted here, the structure remains fairly unchanged since the last 3 trading sessions. In fact, the currency pair seems to be bouncing back from the 111.00/110.50 region which is past resistance turned support now. A push through recent highs around 112.00 region will take it further up to 114.00 and higher. Intermediary support is at the 110.50/60, while resistance is through the 114.00 range. If prices fall back below the 110.50 levels, it remains quite possible that 109.50 would be in focus. Look to buy on dips.

Trading Recommendations:

Look to go long around 109.50, 110.00 region, or on a break above 112.00, target would be 114.00.

Good Luck !

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via EUR/JPY Remains Bullish; Retracements Should Be Bought . Thanks for your support on EUR/JPY Remains Bullish; Retracements Should Be Bought

EUR/JPY Weekly and Monthly Pivot Points and Signals For December 24-29, 2012 Trend News

As we all know the Japanese government is determined to devalue its currency. The EUR/JPY pair is very bullish, but will the Japanese government be able to weaken the yen enough to keep buyers? Technical indicators such as RSI is in the overbought territory, so there is probably a correction during next few days. Thus, we have traced the likely movements according to the table pivots.

111.17 and 105.03 are weekly and monthly pivot points for this week for EUR/JPY.

Signals for December 24-29, 2012

Sell if pullback is at 112.41 (W_PPV) with take profit at 111.17, stop loss is above 109.85 (W_R1).

____WEEKLY_____

Weekly - R3 = 114.97

Weekly - R2 = 113.73

Weekly - R1 = 112.41

Weekly Pivot = 111.17

Weekly - S1 = 109.85

Weekly - S2 = 108.61

Weekly - S3 = 107.29

If you would like to get this indicator, feel free to contact me via e-mail: gerardo.porras@analytics.instaforex.com

____MONTHLY____

Monthly - R3 = 117.07

Monthly - R2 = 112.37

Monthly - R1 = 109.73

Monthly Pivot = 105.03

Monthly - S1 = 102.39

Monthly - S2 = 97.69

Monthly - S3 = 95.05

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via EUR/JPY Weekly and Monthly Pivot Points and Signals For December 24-29, 2012 . Thanks for your support on EUR/JPY Weekly and Monthly Pivot Points and Signals For December 24-29, 2012

EUR/USD: Weekly Technical Levels for December 24 - 28, 2012 Trend News

Weekly Technical Levels:

Tip (s):

R3 and S3 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 the sideways markets, as the prices are most likely to be located between the R1 and S1 lines.

Within a strong trend, the price is expected to be lower than the pivot point line and continue moving.

If the breaking news released may affect the market, the price is likely to go straight through R1 or S1 and even reach R2 and R3 or S2 and S3.



Observation (s):

If the trend is of an upside character, then the strength of the currency will be defined as following: EUR is an uptrend and USD is a downtrend.

Fibonacci retracement is used to determine accurate psychological levels of support and resistance. The period of time should be taken into account.

Fibonacci is in a range trade; it looks like the trend is trapping and going up or down. If you sell or buy for a long term in this period, you will surely lose your profit.

Stop loss should NEVER exceed your maximum exposure amounts.

As a rule, the market is highly volatile if the last day had a huge volatility.



If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via EUR/USD: Weekly Technical Levels for December 24 - 28, 2012 . Thanks for your support on EUR/USD: Weekly Technical Levels for December 24 - 28, 2012

Gold Bottom in Place at 1635.00 Levels. Look Higher. Trend News

Technical Outlook and Chart Setups:

As expected, the yellow metal looks to be bottomed out at 1630/40 region and the next upswing should be under way around 1850/1900 levels in the coming weeks. Immediate support is at 1635.00 levels, followed by 1600.00 respectively. Resistance is at 1750/55, followed by 1795.00/1800.00. Furthermore, 1635.00 is also the 0.618 Fibonacci support, past resistance turned support, and also the trendline support as depicted on the charts. Looking higher from here on.

Trade Recommendations:

Hold on to earlier long positions, buying fresh is also favourable, Stop is at 1610/20, Target is open.

Good Luck !

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via Gold Bottom in Place at 1635.00 Levels. Look Higher. . Thanks for your support on Gold Bottom in Place at 1635.00 Levels. Look Higher.

GBP/USD: Weekly Technical Levels for December 24 - 28, 2012 Trend News

Weekly Technical Levels:

Tip (s):

R3 and S3 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 the sideways markets, as the prices are most likely to be located between the R1 and S1 lines.

Within a strong trend, the price is expected to be lower than the pivot point line and continue the movement.

If the breaking news released may affect the market, the price is likely to go straight through R1 or S1 and even reach R2 and R3 or S2 and S3.



Observation (s):

If the trend is of an upside character, then the strength of the currency will be defined as following: GBP is an uptrend and USD is a downtrend.

Fibonacci retracement is used to determine accurate psychological levels of support and resistance. The period of time should be taken into account.

Fibonacci is in a range trade; it looks like the trend is trapping and going up or down. If you sell or buy for a long term in this period, you will surely lose your profit.

Stop loss should NEVER exceed your maximum exposure amounts.

As a rule, the market is highly volatile if the last day had a huge volatility.





If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via GBP/USD: Weekly Technical Levels for December 24 - 28, 2012 . Thanks for your support on GBP/USD: Weekly Technical Levels for December 24 - 28, 2012

USD/CHF: Weekly Technical Levels for December 24 - 28, 2012 Trend News

Weekly Technical Levels:

Tip (s):

R3 and S3 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 the sideways markets, as the prices are most likely to be located between the R1 and S1 lines.

Within a strong trend, the price is expected to be lower than the pivot point line and continue the movement.

If the breaking news released may affect the market, the price is likely to go straight through R1 or S1 and even reach R2 and R3 or S2 and S3.





Observation (s):

If the trend is of an upside character, then the strength of the currency will be defined as following: USD is an uptrend and CHF is a downtrend.

Fibonacci retracement is used to determine accurate psychological levels of support and resistance. The period of time should be taken into account.

Fibonacci is in a range trade; it looks like the trend is trapping and going up or down. If you sell or buy for a long term in this period, sure you will lose your profit.

Stop loss should NEVER exceed your maximum exposure amounts.

As a rule, the market is highly volatile if the last day had a huge volatility.



If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via USD/CHF: Weekly Technical Levels for December 24 - 28, 2012 . Thanks for your support on USD/CHF: Weekly Technical Levels for December 24 - 28, 2012

Silver Upswing Should Resume From Current Levels. Recommended To Build Long Positions Trend News

Technical Outlook and Chart Setups:

As expected, the metal has inched lower and is currently in the process to form bottom at current levels. As per the wave count, the 4th wave should have been completed at 29.60 level. This region is re-enforced by 0.618 Fibonacci retracement level of wave 3, also the trendline is set to provide necessary support required for continuation of the rally. Major support is at the 28.00/50 region, while resistance remains fixed at 33.60/65 levels respectively. It is strongly recommended to buy from current levels and build on the long positions further. Looking higher from here on.

Trading Recommendations:

Hold on to long positions taken earlier, buy further at current levels, (29.70/75), stop is at 28.00 and target is open.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via Silver Upswing Should Resume From Current Levels. Recommended To Build Long Positions . Thanks for your support on Silver Upswing Should Resume From Current Levels. Recommended To Build Long Positions

Gold Hits Support At 0.618 Finbonacci. Buying Is Strongly Recommended Trend News

Technical Outlook and Chart Setups:

As depicted here, let us look at the wave count, which has presented further clarity.

1. Wave 1 is from 1,525 to 1,640. Wave 2 ended at 1,550.00. Wave 3 ends at 1,795.00 and now Wave 4 ends at 1,635.00.

2. 1,635.00 can be safely assumed to be the next bottom and Wave 5 would resume from current levels.

3. As seen on chart, this level is re-enforced with past resistance turned support and also the 0.618 Fibonacci support passes through the same level.

Keeping the above facts in view, the yellow metal is recommended to be a BUY.

Trading Recommendations:

Hold on to long positions taken earlier, further go long now (1,646.00), stop is at 1,610.00. Target is open.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via Gold Hits Support At 0.618 Finbonacci. Buying Is Strongly Recommended . Thanks for your support on Gold Hits Support At 0.618 Finbonacci. Buying Is Strongly Recommended

EurJpy Pullback Is Underway. Take Profits Recommended Trend News

Technical Outlook and Chart Setups:

As depicted here and expected, the single currency pair seems to be on its way to correct/retrace. As seen here, the support region is between 108.50 and 109.00. Furthermore, this region is also re-enforced by past resistance turned support. Since the overall trend remains bullish, it is recommended to cover short positions and take profits at the moment. Keeping the trade strategy to buy on dips is highly recommended. The swing support is at 106.00 followed by 105.20 level respectively. Fibonacci resistance is spread through 113.00 level and above. Flat for now.

Trading Recommendations:

Book profits on short positions taken yesterday. Flat for now.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via EurJpy Pullback Is Underway. Take Profits Recommended . Thanks for your support on EurJpy Pullback Is Underway. Take Profits Recommended

GBP/CHF Unable To Capitalize On Gains. Bears Are Determined To Break 1.4800 Trend News

Technical Outlook and Chart Setups:

As depicted here, prices have managed to hold the 1.4800 level for the time being. But the follow through required for the expected rally to materialize is still missing. Price action since last 24 hours has been range bound, and the technicals are indicating exhaustion on the higher side. Resistance on the daily chart actually begins from the 1.5050 level and runs through 1.5150; while support is at 1.4800 initially and a break there will expose 1.4700 and 1.4600 respectively. It is recommended to quit long positions taken yesterday and look to short again.

Trading Recommendations:

1. Exit long positions taken yesterday.

2. Aggressive trading strategy would be to go short again at the current price (1.4850). Stop is at 1.5060, Target Is open.

3. More conservative/safe strategy would be to go short on a breakdown of 1.4800 keeping targets open.

Good Luck !

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via GBP/CHF Unable To Capitalize On Gains. Bears Are Determined To Break 1.4800 . Thanks for your support on GBP/CHF Unable To Capitalize On Gains. Bears Are Determined To Break 1.4800

EUR/USD Sell Bellow 1.3306 - For December 20, 2012 (Daily Strategy) Trend News

Yesterday the euro was backward on the level of 1.3308, psychological level of much resistance in the past. The fact that it has bounced today after falling over 100 pips can be an opportunity to sell the pair. So if in the American session, the euro rebounds to the level below 1.3308, you can take this level as a selling opportunity. You have to be very cautious as market movements can have unforeseen. Operate at low risk, take care of your capital. The trend indicator is showing a bearish sequence.

If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via EUR/USD Sell Bellow 1.3306 - For December 20, 2012 (Daily Strategy) . Thanks for your support on EUR/USD Sell Bellow 1.3306 - For December 20, 2012 (Daily Strategy)

GBP/USD Sell Bellow 1.63 (Fractal) - For December 20, 2012 (Daily Strategy) Trend News

The British pound managed to reach the maximum of 1.6306. This year the pair has tried three times to overcome this level. Yesterday the third attempt was observed, but it failed. Analyzing this level of resistance, the pound is likely to have a reverse to 1.6135 fractal level, so a break below 1.62 level, will increase the probability of the fall to 1.6135.

At that level we can again buy with objectives to 1.63. So in the long term we remain bullish, but at current levels we expect a correction to the level of support. We have been bullish above the 200 day moving average periods around the 1.5850 level. Trend indicators are showing an imminent correction.

If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via GBP/USD Sell Bellow 1.63 (Fractal) - For December 20, 2012 (Daily Strategy) . Thanks for your support on GBP/USD Sell Bellow 1.63 (Fractal) - For December 20, 2012 (Daily Strategy)

Fundamental Analysis For December 20, 2012 Trend News

The major currencies which are trading against the dollar suffered a serious setback on Wednesday due to various reasons.

The U.S. currency managed to recover especially against the euro, which fell from 1.3305, the value reached in the European session yesterday. It is encouraged by a good German IFO report. However, the single currency failed to hold (and appeared very overbought anyway), and fell over 120 points, breaking a trendline technically bullish short-term, that could lead to a sharper decline in the EUR/USD pair during the next few hours.

Meanwhile, as the imminence of retail inflation is very low, the pound also backs against the dollar right now, although more attenuated than the euro.

The yen gained strength, going against European currencies; the Bank of Japan announced its inflation target at 1%, one percentage point below the aspirations of the new Japanese Prime Minister, S. Abe.

Also the Wall Street stocks fell on Wednesday, on a day which obviously took gain market rallies in recent days. We believe this correction, can be extended to the general session on Thursday.

The data to follow during the American session is Weekly unemployment claims, at 8:30 Eastern, with the end of the third quarter GDP. At 10:00, meanwhile, will be released existing home sales index and the Philadelphia Fed.

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via Fundamental Analysis For December 20, 2012 . Thanks for your support on Fundamental Analysis For December 20, 2012

Silver Remains Constructive For Bulls. Buy On Dips Trend News

Technical Outlook and Chart Setups:

Believe it or not, these intraday dips are opportunities to build long positions. Intermediary support remains at 30.60/70, followed by 30.20, while resistance is fixed at 33.60/70, followed by 34.30/40 and 35.10 respectively. It is recommended to hold long positions taken yesterday and look to add further longs on dips. It remains possible that another low might form around the 30.20/50 region before the next bull run begins. Trend moves upwards.

Trading Recommendations:

Hold on to long positions taken from yesterday, build further longs on intraday dips, stop is below 30.00. Target is open.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via Silver Remains Constructive For Bulls. Buy On Dips . Thanks for your support on Silver Remains Constructive For Bulls. Buy On Dips

Gold Channel Support At 1,640/50 Region. Defined As Best Buy Trend News

Technical Outlook and Chart Setups:

The yellow metal seems to have carved out a low at around 1,660.00 region or looking to drop towards the 1,645.00 region before setting up for further rally. Either way, it is recommended to buy on dips. Intermediary support is around the 1,645.00 mark followed by 1,600.00 region. As it can be noticed, the 0.618 support of rally between 1,580 and 1,795, past resistance turned support (1,630/40), Trendline/Channel support are all converging around 1,640/50 region. It would be the best buying opportunity if prices manage to reach there. Looking to buy on dips further.

Trading Recommendations:

Hold on to long positions taken yesterday, buy further on dips towards 1,640/50, stop is at 1,620/25. Target is open.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via Gold Channel Support At 1,640/50 Region. Defined As Best Buy . Thanks for your support on Gold Channel Support At 1,640/50 Region. Defined As Best Buy

EurJpy Pullback/Retracement Expected Now Trend News

Technical Outlook and Chart Setups:

As it has been lately discussed, and depicted here, the 111.00 region of resistance has been taken out convincingly by the bulls and also registered fresh highs above that. The chart structure now suggests, a move lower should materialize any time soon. The prices are expected to reach at least 108.00 levels before a meaningful rally resumes. Furthermore, this is re-enforced by the past resistance turned support region as well. Next Fibonacci resistance comes at 118.00 level, while support begins from 106.00 and followed by 105.20 levels. It is recommended to go short during intraday rallies towards 111.50 region, to take advantage of the short-term bearish setup.

Trading Recommendations:

Short between 111.50 and 111.30. Stop is at 112.80. Target is at 108.00.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via EurJpy Pullback/Retracement Expected Now . Thanks for your support on EurJpy Pullback/Retracement Expected Now

GbpChf Tests 1.4800. Booking Profits On Shorts Recommended Trend News

Technical Outlook and Chart /setups:

As depicted here, prices touched 1.4800 support and pulled back yesterday, leaving a doji candlestick pattern yesterday. This might suggest a change in the direction at least for short time. Therefore, it is recommended to book profits on short positions taken earlier at current levels (1.4847). Intermediary support stands unchanged at 1.4800 for now, followed by 1.4700, and 1.4600 respectively. Resistance would begin from the dropping wedge line at 1.5050/60, 1.5150/60 and ahead. Short-term aggressive traders can be looking to buy at current levels.

Trading Recommendations:

1. Book profits on short positions taken earlier.

2. Aggressive traders can enter buying now, stop is at 1.4775. Target is open.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via GbpChf Tests 1.4800. Booking Profits On Shorts Recommended . Thanks for your support on GbpChf Tests 1.4800. Booking Profits On Shorts Recommended

EUR/USD Sell Bellow 1.3306 - For December 19, 2012 (Daily Strategy) Trend News

This morning in the U.S. session the euro managed to reach the highest level of 1.3306, at this time it is at the level of 1.3292. I see that a fall is imminent as a part of the correction of the pair. If we look on the graph, the trend indicator is showing a downward pressure. So I am selling this pair very cautiously with a very tight stop loss, about 25 pips above the daily maximum.

During these days the market will become less and less liquid so you should be very careful and operate cautiously.

If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via EUR/USD Sell Bellow 1.3306 - For December 19, 2012 (Daily Strategy) . Thanks for your support on EUR/USD Sell Bellow 1.3306 - For December 19, 2012 (Daily Strategy)

GBP/USD Sell Bellow 1.63 (Fractal) - For December 19, 2012 (Daily Strategy) Trend News

The British pound had an upward rally to the 1.6306 level (last fractal daily). The market is rather overbought at the moment. A daily closure above 1.6305 will be the start of a new upward rally but I consider it is highly unlikely. In fact at this time it is recommend selling the pair only with a very tight stop loss about 25 pips above the high of today.

On the other hand, you can buy in the support level 1.6135 fractal.

The trend indicator is showing a bearish reversal.

If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via GBP/USD Sell Bellow 1.63 (Fractal) - For December 19, 2012 (Daily Strategy) . Thanks for your support on GBP/USD Sell Bellow 1.63 (Fractal) - For December 19, 2012 (Daily Strategy)

Fundamental Analysis For December 19, 2012 Trend News

The financial climate has improved substantially in Europe in recent days as a result of the decision, now stronger, to create a unified banking, which allows troubled banks to be financed through special mechanisms.

The European Union announced, this time with more emphasis, its willingness to remain Greece in the eurozone.

This favors the growth of the single currency, which now becomes unstoppable upward. It beat smooth areas of 1.31 and 1.32, and may touch 1.33 in the next few hours.

Meanwhile, based on a report that UK inflation is steady at 2.7%, the sterling also shows signs of strength against the dollar, trading above 1.62, and the upward trend on the short-term charts.

The Swiss franc is similar to the euro, and also comes with short-term uptrend. As the single currency looks overbought, on the contrary, reversal patterns indicate a turnaround.

Meanwhile, the Australian dollar falls losing its uptrend extending from mid-November to economic growth data from Australia for less than expected. Pay attention, that AUD usually anticipate the movements of other currencies.

The yen continues its downward move. The Bank of Japan meeting can make a change in monetary policy, starting to pump money into the economy with an annual inflation target of 2%.

Following data should be considered, construction permits in the United States, at 10:00 Eastern, and oil inventories at 10:30, influencing the price of the Canadian dollar.

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via Fundamental Analysis For December 19, 2012 . Thanks for your support on Fundamental Analysis For December 19, 2012

USD/CHF Wave Analysis for December 19, 2012 Trend News

USD/CHF Elliott Wave
For the last few days the USD/CHF pair was trading in a downward channel, impulsive (5) wave (coloured red) of the bigger 1 wave (coloured purle) was developing. Yesterday during the Asian and European sessions we could observe strong descending movement from 0.9185 toward the 0.2136 level. Therefore, during the New York session this major pair continued trading in a bearish mood and the price reached a new low at 0.9113 level. At the moment the USD/CHF is trading at the end of the 1 impulsive wave (coloured purple) and we are expecting to see the end of this wave around 0.9100. In accordance with our wave rules and taking into account that the wave 2 should retrace 61.8% of the wave 1, we can define the potential targets with measuring wave 1 with take profit at 0.9358 (61.8% of wave 1). To reduce the risk, we can use support at 0.9050 level as stop loss.

Support and Resistance
(S3) 0.9083 (S2) 0.9107 (S1) 0.9122 (PP) 0.9146 (R1) 0.9170 (R2) 0.9185 (R3) 0.9209

Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 0.9120 with stop loss 0.9050 and take profit at 0.9358 are recommended.

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via USD/CHF Wave Analysis for December 19, 2012 . Thanks for your support on USD/CHF Wave Analysis for December 19, 2012

Silver Drops Below 32.00 Level. Buying On Dips Still Remains Favoured Strategy Trend News

Technical Outlook and Chart Setups:

Silver stopped us out below 32.00 in the last trading session. Still the structure remains constructive for bulls. It is quite possible that silver has completed an A-B-C correction from 34.30/40 levels, and that the metal is ready to rally again. Intermediary support now begins from 30.60/70 levels followed by 30.00 level; while resistance (intermediary) is at 33.60/70, 34.30/40, and 35.10 respectively. It is still recommended to consider dips as fresh buying opportunities and build long positions. If prices manage to reach 30.00 level, it will be considered best buy since the Fibonacci 0.618 support level of the rally between 26.00 to 35.00 is re-enforced there.

Trading Recommendations:

Buy at current levels, stop is at 29.80. Target is above 37.00.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via Silver Drops Below 32.00 Level. Buying On Dips Still Remains Favoured Strategy . Thanks for your support on Silver Drops Below 32.00 Level. Buying On Dips Still Remains Favoured Strategy

Gold Breaks 1672.00. Buying On Dips Still A Favourable Strategy Trend News

Technical Outlook and Chart Setups:

The yellow metal has stopped us out below 1,672.00 in the last trading session. Yesterday’s swing count was presented here. Wave 4 is looking to be formed at/between 1,635.00 to 1,645.00. Furthermore, it is also quite possible that yesterday’s spike lower than 1,672.00 level might have completed the necessary A-B-C correction from 1,795.00 level. It is recommended to buy 50% capacity around current levels and the remaining around 1,645.00 region. Also the 1,645.00 region is re-enforced by Fibonacci 0.618 support of the rally from 1,530/40 to 1,795.00. Buying on dips still remains the recommended trading strategy.

Trading Recommendations:

1. Aggressive: Buy 50% capacity now, remaining 50% at 1,645.00, Stop is at 1,610/20. Target is open.

2. Conservative: Buy between 1,640.00 and 1,645.00. Stop is at 1,610/20. Target is open.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via Gold Breaks 1672.00. Buying On Dips Still A Favourable Strategy . Thanks for your support on Gold Breaks 1672.00. Buying On Dips Still A Favourable Strategy

EurJpy Hits Target At 111.00. Take Profits For Now Trend News

Technical Outlook and Chart Setups:

The single currency pair has risen past resistance above 111.00, printing fresh highs today morning. As depicted here, 111.00 was embarked by past resistance and also the Fibonacci target of the rally from 94.00 to 104.00 levels. Therefore, it is recommended to book maximum (80%) profits at current levels (111.60). Support on Daily Charts is quite far at 106.00, followed by 105.20. A meaningful pullback is possible towards 109.00 level before the next rally.

Trading Recommendations:

Book profits on longs at current levels. Wait for a pullback to re-enter.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via EurJpy Hits Target At 111.00. Take Profits For Now . Thanks for your support on EurJpy Hits Target At 111.00. Take Profits For Now

GbpChf Preparing To Breakdown. Stay Short and Move Risk To Breakeven Trend News

Technical Outlook and Chart Setups:

As depicted here, prices just want to break down below the wedge support region defined by 1.4800 - 1.4820 region. A push below 1.4800 would confirm the same. Intermediary support is provided by 1.4800, followed by 1.4700, and 1.4600 respectively. On the other hand, resistance remains lined up from 1.5050/60 region, moving up to 1.5150/60 and above. It is recommended to remain short expecting prices to break down below 1.4800, also selling intraday rallies. Further selling can be made on a breakdown of 1.4800 level also.

Trading Recommendations:

Remain short, move stop loss to at least breakeven. Target is open.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via GbpChf Preparing To Breakdown. Stay Short and Move Risk To Breakeven . Thanks for your support on GbpChf Preparing To Breakdown. Stay Short and Move Risk To Breakeven

EUR/USD Correction - For December 18, 2012 (Daily Strategy) Trend News

The euro had a very low movement yesterday. Friday's session was decisive for the euro, it managed to break the resistance level dynamics 1.3150, and trend indicators are showing it is overbought. Due to the end of year, the low liquidity of the market will be increasing, so we can expect a correction for this pair in the coming days, so we recommend caution.

The indicator on the graph is showing an imminent downward correction, so if you are buying, you should set your trailing stop.

If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via EUR/USD Correction - For December 18, 2012 (Daily Strategy) . Thanks for your support on EUR/USD Correction - For December 18, 2012 (Daily Strategy)

GBP/USD Correction - For December 18, 2012 (Daily Strategy) Trend News

The pound managed to break the 1.6135 level fractal, now it is within a strong upward trend and it is likely to continue rising. However, it is a little exhausted and there is probably a correction downward just like the euro. Fractal level 1.6135 will be the key level again, which now serves as a support for this pair. If the pair reverses to that level, buying this pair will be an opportunity to negotiate with objectives to the level of 1.63.

For now we do not recommend sell because the pound will be very vulnerable to any fundamental facts, we recommend buying support levels.

If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via GBP/USD Correction - For December 18, 2012 (Daily Strategy) . Thanks for your support on GBP/USD Correction - For December 18, 2012 (Daily Strategy)

NZD/USD: Weekly Technical Levels for December 18 - 21, 2012 Trend News

Weekly Technical Levels:

Tip (s):

R3 and S3 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 the sideways markets, as the prices are most likely to be located between the R1 and S1 lines.

Within a strong trend the price is expected to be lower than the pivot point line and continue the movement.

If the breaking news released may affect the market, the price is likely to go straight through R1 or S1 and even reach R2 and R3 or S2 and S3.



Observation (s):

If the trend is of an upside character, then the strength of the currency will be defined as following: NZD is an uptrend and USD is a downtrend.

Fibonacci retracement is used to determine accurate psychological levels of support and resistance. The period of time should be taken into account.

Fibonacci is in a range trade; it looks like the trend is trapping and going up or down. If you sell or buy for a long term in this period, sure you will lose your profit.

Stop loss should NEVER exceed your maximum exposure amounts.

As a rule, the market has a high volatile if the last day had a huge volatility.



If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via NZD/USD: Weekly Technical Levels for December 18 - 21, 2012 . Thanks for your support on NZD/USD: Weekly Technical Levels for December 18 - 21, 2012

USD/CHF: Weekly Technical Levels for December 18 - 21, 2012 Trend News

Weekly Technical Levels:

Tip (s):

R3 and S3 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 the sideways markets, as the prices are most likely to be located between the R1 and S1 lines.

Within a strong trend the price is expected to be lower than the pivot point line and continue the movement.

If the breaking news released may affect the market, the price is likely to go straight through R1 or S1 and even reach R2 and R3 or S2 and S3.





Observation (s):

If the trend is of an upside character, then the strength of the currency will be defined as following: USD is an uptrend and CHF is a downtrend.

Fibonacci retracement is used to determine accurate psychological levels of support and resistance. The period of time should be taken into account.

Fibonacci is in a range trade; it looks like the trend is trapping and going up or down. If you sell or buy for a long term in this period, sure you will lose your profit.

Stop loss should NEVER exceed your maximum exposure amounts.

As a rule, the market has a high volatile if the last day had a huge volatility.



If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via USD/CHF: Weekly Technical Levels for December 18 - 21, 2012 . Thanks for your support on USD/CHF: Weekly Technical Levels for December 18 - 21, 2012

GBP/USD: Weekly Technical Levels for December 18 - 21, 2012 Trend News

Weekly Technical Levels:

Tip (s):

R3 and S3 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 the sideways markets, as the prices are most likely to be located between the R1 and S1 lines.

Within a strong trend the price is expected to be lower than the pivot point line and continue the movement.

If the breaking news released may affect the market, the price is likely to go straight through R1 or S1 and even reach R2 and R3 or S2 and S3.



Observation (s):

If the trend is of an upside character, then the strength of the currency will be defined as following: GBP is an uptrend and USD is a downtrend.

Fibonacci retracement is used to determine accurate psychological levels of support and resistance. The period of time should be taken into account.

Fibonacci is in a range trade; it looks like the trend is trapping and going up or down. If you sell or buy for a long term in this period, sure you will lose your profit.

Stop loss should NEVER exceed your maximum exposure amounts.

As a rule, the market has a high volatile if the last day had a huge volatility.





If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via GBP/USD: Weekly Technical Levels for December 18 - 21, 2012 . Thanks for your support on GBP/USD: Weekly Technical Levels for December 18 - 21, 2012

EUR/USD: Weekly Technical Levels for December 18 - 21, 2012 Trend News

Weekly Technical Levels:

Tip (s):

R3 and S3 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 the sideways markets, as the prices are most likely to be located between the R1 and S1 lines.

Within a strong trend the price is expected to be lower than the pivot point line and continue the movement.

If the breaking news released may affect the market, the price is likely to go straight through R1 or S1 and even reach R2 and R3 or S2 and S3.



Observation (s):

If the trend is of an upside character, then the strength of the currency will be defined as following: EUR is an uptrend and USD is a downtrend.

Fibonacci retracement is used to determine accurate psychological levels of support and resistance. The period of time should be taken into account.

Fibonacci is in a range trade; it looks like the trend is trapping and going up or down. If you sell or buy for a long term in this period, sure you will lose your profit.

Stop loss should NEVER exceed your maximum exposure amounts.

As a rule, the market has a high volatile if the last day had a huge volatility.





If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via EUR/USD: Weekly Technical Levels for December 18 - 21, 2012 . Thanks for your support on EUR/USD: Weekly Technical Levels for December 18 - 21, 2012

Silver Tests 32.00 Level Before Reversing Sharply. Looking Higher Now Trend News

Technical Outlook and Chart Setups:

It cannot get better than yesterday's intraday movement. 32.00 remains intact and the prices stage a rally just shy by 1-2 cents. As depicted here, a morning star is underway to be formed today. If this count remains true, it can be safely assumed that wave 1 through wave 4 is done and bottom is clearly in place near 30.70/80 levels. Immediate resistance is at 33.60/60 levels, followed by 34.30/40 and 35.00 respectively. Support remains at 32.00 level followed by 30.70 region for now. It is recommended to stay long on positions taken earlier and look to add further on it. Higher from here on.

Trading Recommendations:

Hold on to long positions taken earlier, add further if possible. Stop is below 32.00. Target is open.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via Silver Tests 32.00 Level Before Reversing Sharply. Looking Higher Now . Thanks for your support on Silver Tests 32.00 Level Before Reversing Sharply. Looking Higher Now

Gold Preparing To Rally Again. A Higher Low Might Have Formed At 1,686.00 Level Yesterday Trend News

Technical Outlook and Chart Setups:

A detailed wave count has been depicted here. Probably gold has gone through wave 1 to wave 4 and it is expected that wave 4 concludes at 1,672.00 level. On the flip side, a clear break of 1,672.00 level (which remains a remote possibility at the moment) would slip down to 1,640.00 level before rallying further up. Considering the fact that a small cone consolidation has been going through the range 1,672.00 – 1,755.00 a north side, breakout remains possible after yesterday’s intraday dip and sharp pullback above 1,700.00 level. It is recommended to hold long positions and also look to add further. Looking higher from here on.

Trading Recommendations:

Hold on to long positions taken earlier, also look to add further longs. Stop is below 1,670. Target is open.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via Gold Preparing To Rally Again. A Higher Low Might Have Formed At 1,686.00 Level Yesterday . Thanks for your support on Gold Preparing To Rally Again. A Higher Low Might Have Formed At 1,686.00 Level Yesterday

EurJpy Upside Remains Intact. 111.00 Immediate Target Trend News

Technical Outlook and Chart Setups:

Since a few trading sessions there has not been seen structural changes in the pair. Immediate resistance is at 111.00; the bulls are targeting it to be taken out. Support is at 106.00, followed by 105.10/20 levels. It is recommended to continue holding long positions for a push through the 111.00 region for now. Any intraday retracements or pullbacks towards 110.00 level could be utilized as opportunities to go further long. Looking higher for now.

Trading Recommendations:

Hold on to long positions for now, stop is at breakeven. Target is at 111.00.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via EurJpy Upside Remains Intact. 111.00 Immediate Target . Thanks for your support on EurJpy Upside Remains Intact. 111.00 Immediate Target

GbpChf May Bounce Back From Wedge Support. Booking Partial Profits On Shorts Is Recommended Trend News

Technical Outlook and Chart Setups:

As depicted here, prices are forming a decreasing wedge formation with constant support near the 1.4800 region. Decreasing wedge formations normally break south (support). Resistance is lined up through 1.5050/60, 1.5150/60, and 1.5220/30 respectively; while support is lined up from 1.4800, 1.4700, and further down. A breakdown of 1.4800 level would rapidly move down towards 1.4600 and 1.4450 respectively. It is recommended to book at least partial profits on the short positions taken earlier. Further short positions can be built on a clear break of 1.4800 level on the downside.

Trading Recommendations:

Hold on to short positions taken earlier, booking partial profits is recommended, stop is at 1.5050/60.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via GbpChf May Bounce Back From Wedge Support. Booking Partial Profits On Shorts Is Recommended . Thanks for your support on GbpChf May Bounce Back From Wedge Support. Booking Partial Profits On Shorts Is Recommended

GbpChf Downside Should Gain Momentum Below 1.4850 Trend News

Technical Outlook and Chart Analysis:

The overall structure remains bearish as we have been discussing lately. Resistance is spread across 1.5050, 1.5150, followed by 1.5250/1.5300; while support remains spread through 1.4800 (intermediary support), followed by 1.4700. It is still recommended to remain short and add short positions on intraday rallies. Please note that 1.4800 level should break down if the bears are to stay in control. Looking lower from here on.

Trading Recommendations:

Remain short from earlier positions. Stop is at 1.5150. Target is open.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via GbpChf Downside Should Gain Momentum Below 1.4850 . Thanks for your support on GbpChf Downside Should Gain Momentum Below 1.4850

Silver Bullish Above 32.00. Staying Long Is Recommended Trend News

Technical Outlook and Chart Setups:

As depicted here, intermediary supports are 32.00 and 30.70/80 respectively. Till the time prices stay above these mentioned levels, it is recommended to remain long and further add on dips. Immediate intermediary resistance is at 33.60/65 levels followed by 33.80/90 levels respectively. Looking into the overall trend structure, the bullish scenario persists and a push through 35.00 level would raise prices further up to 37.00 and 44.00 respectively. Looking higher from here on.

Trading Recommendations:

Stay long from positions taken earlier. Stop is below 32.00. Target is open.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via Silver Bullish Above 32.00. Staying Long Is Recommended . Thanks for your support on Silver Bullish Above 32.00. Staying Long Is Recommended

Gold Is Bullish Above 1,670/80 Levels Trend News

Technical Outlook and Chart Setups:

As depicted here, intermediary support is provided by 1,680.00, followed by 1,672.00 level respectively, while strong support region is 1,630/40. Furthermore, 1,672.00 region is re-enforced by the 0.5 Fibonacci support for the upswing from 1,550.00 to 1,790.00 level. Intermediary resistance is at 1,720.00 level, followed by 1,755.00. It is recommended to stay long keeping the overall uptrend into consideration. A push through 1,720.00 and subsequently 1,755.00 level is expected into coming sessions. Looking higher from here on.

Trading Recommendations:

Hold on to long positions taken earlier, stop is below 1,672.00, and target is open.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via Gold Is Bullish Above 1,670/80 Levels . Thanks for your support on Gold Is Bullish Above 1,670/80 Levels

EurJpy Just Shy of 111.00. Staying Long Trend News

Technical Outlook and Chart Setups:

The single currency pair has risen through the region of 110.80 today. Currently it seems to be retracing and providing another short term opportunity to go long. The only resistance is at 111.00 level, while support is far from it at 106.00, followed by 105.00. It is recommended to stay long form positions taken earlier. Moreover, buying on intraday dips is good. A pullback should be expected after the resistance at 111.00 is cleared. Looking higher from here on till 111.00 clears the way.

Trading Recommendations:

Stay long from earlier positions, move stop loss to breakeven levels. Target is at 111.00

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via EurJpy Just Shy of 111.00. Staying Long . Thanks for your support on EurJpy Just Shy of 111.00. Staying Long