EUR/USD Strong Support - For November 08, 2012 (Daily Strategy) Trend News

The euro remains under downward pressure, now touching a very strong support at 1.2733. This level served as a very strong resistance on 19 June, which led it to lows of 1.2039. Now the pair faces this level again, this point support coincides with the 38.8% of Fibonacci retracement and above is the daily fractal 1.2761. If the pair closes above these levels, the likelihood of an upward bounce will increase.

Therefore, you can buy above 1.2735 with targets until next fractal of 1.3005, we will place stop loss very tight at 1.2690.

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

If you like my technical analysis, please vote for me, in the portal MT5.com, please login and then vote for me. Thanks.

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 Strong Support - For November 08, 2012 (Daily Strategy) . Thanks for your support on EUR/USD Strong Support - For November 08, 2012 (Daily Strategy)

GBP/USD Buy Above 1.5955 - For November 08, 2012 (Daily Strategy) Trend News

The British pound regaining positions in the American session, after registering a minimum of 1.5924, has left intact the key level of 1.59. Due to the formation of a reversal pattern, as we mentioned yesterday, if the price breaks the 1.59 level, it completely invalidates our bullish outlook. We remain optimistic about the recovery of the pound.

Therefore, you can buy above 1.59, at any price, wait reversals of the pair to buy.

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

If you like my technical analysis, please vote for me, in the portal MT5.com, please login and then vote for me. Thanks.

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 Buy Above 1.5955 - For November 08, 2012 (Daily Strategy) . Thanks for your support on GBP/USD Buy Above 1.5955 - For November 08, 2012 (Daily Strategy)

Fundamental Analysis For November 08, 2012 Trend News

The New York Stock Exchange on Wednesday suffered its worst decline of the year, with the Dow Jones falling by 2.42%.

Although, there are different arguments that explain this movement, as the next "war" between the Obama administration and the opposition over the issue of the fiscal deficit, which is certainly not new and has been getting worse every month in the last four years - the reality is that markets do not look favorably on the outcome of the elections and as technically expected, the lowest of the major actions was immediate.

Mario Draghi, President of the ECB, will start at 8:30 Eastern its monthly press conference, following the announcement of the ECB's monetary policy.

The euro suffers, like the pound, the franc and other hard currencies the consequences of what is happening daily. A low of Wall Street Obama's reelection, the new wave of pessimism in Europe, and data that do not help, adds an uncertainty about the future of Greece, every two weeks it is making headlines, presenting no good news.

In this context, the yen again is looming as a refuge for investors.

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 November 08, 2012 . Thanks for your support on Fundamental Analysis For November 08, 2012

Silver Holds 31.50 Level. Look Higher Now. Trend News

Technical Analysis and Chart Setups:

Silver could not rally past resistance at 32.65 yesterday; but the structure remains bullish since pullback has held 31.50 well. Intermediary support is at 30.60 and till the time the prices stay above this level, silver is headed higher. Resistance levels are placed at 32.65, 33.30, 34.30, and 35.00 respectively. It is recommended to buy on dips towards 31.50 level. An Inverse Head and Shoulders pattern will be ideal, if 32.65 level is broken. Nevertheless, silver should be looked higher from here.

Trading Recommendations:

Hold on to long positions. Stop at 30.00. Target 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 Holds 31.50 Level. Look Higher Now. . Thanks for your support on Silver Holds 31.50 Level. Look Higher Now.

Gold Dips Around 1,705.00 And Bounces. Look Higher Now Trend News

Technical Outlook and Chart Setups:

The prices rose through 1,730.00 level yesterday, taking off resistance. As it was expected, it also dipped down towards 1,705.00 level (our expectations were near 1,700.00) and bounced back. While doing these steps, the dropping trendline resistance was broken and possibly tested as well. The 4 hourly charts suggest a probable Inverse Head and Shoulders pattern. If this pattern holds true, the prices should hold comfortably above 1,670.00 level from here on. Therefore, it is recommended to look for buying opportunities on dips. Look higher.

Trading Recommendations:

Hold on to long positions taken earlier. Buying on dips towards 1,700 is still recommended. Stop at 1,670.00. Target 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 Dips Around 1,705.00 And Bounces. Look Higher Now . Thanks for your support on Gold Dips Around 1,705.00 And Bounces. Look Higher Now

EurJpy Probing 101.50 Level For Support. Expecting A Reaction Here Trend News

Technical Outlook and Chart Setups:

The single currency reacted sharply yesterday taking out stops around 102.00 level (though, risk was minimum). As it was depicted above, the prices are at the 0.618 Fibonacci support of upswing (100-104.50/60). Furthermore, the trendline support is also nearby. It is recommended to watch out for bullish signals around the 105.50-105.80 region to go long again. Strong support is present at 100.00, while resistance is above 103.00 now. Look to buy on a bullish bounce, a break would delay that outlook.

Trading Recommendations:

Flat for now, look to buy again.

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 Probing 101.50 Level For Support. Expecting A Reaction Here . Thanks for your support on EurJpy Probing 101.50 Level For Support. Expecting A Reaction Here

GbpChf Probing Resistance Line Around 1.5100 Trend News

Technical Outlook and Chart Setups:

The single currency pair is still probing resistance line around the 1.5100 region. The 0.618 Fibonacci resistance is also placed around 1.5080 region. It is expected to react here (on the downside) until the prices break convincingly the resistance line. Next resistance is around 1.5250/1.5300 region, while intermediary support remains at 1.4800. It is still recommended to watch out for bearish signals on smaller timeframes and sell rallies close to 1.5100 level. Look lower for now.

Trading Recommendations:

Sell rallies. Hold short positions taken earlier. Stop at 1.5150/60. Target at 1.47 and 1.46.

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 Probing Resistance Line Around 1.5100 . Thanks for your support on GbpChf Probing Resistance Line Around 1.5100