EUR/USD Bearish Outlook. For November 09, 2012 (Daily Strategy) Trend News

The euro fell back below the 1.2733 support, we had been talking about it, and so we are leaving our bullish outlook for this pair. Now we should be looking for the rebound of the pair, to sell at the level of resistance.

In view of the fact that the pair is below the 200 day moving average periods, below 1.2763 Fractal and Dynamic Support below 1.2733 the bearish outlook for the pair in the next few days increases; it is likely to last until the end of the month.

At a fundamental level, the euro continues to suffer due to the weak economy and the problem is growing every day in the eurozone. The ECB President Draghi said that it looked as if Germany was heading toward a recession. Germany has long been the main reason that the euro had at least a light of hope, as it was the backbone of the economy. Thus, it is that we see that people are pessimistic about the euro.

Therefore, we recommend selling if the pair makes a rebound towards Fibonacci retracement line at 38.2%, about 1.2840 with targets at 1.2550 in the medium term. Please be cautious and place a position if you have previously analyzed the pair.

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 Bearish Outlook. For November 09, 2012 (Daily Strategy) . Thanks for your support on EUR/USD Bearish Outlook. For November 09, 2012 (Daily Strategy)

GBP/USD Buy Above EMA 200 - For November 09, 2012 (Daily Strategy) Trend News

The pound sterling fell into the European session. We may note it on the chart; the pair is close to touch the 1.5901 key support that we had been talking about. Although, we cannot change our bullish outlook, because the pair is above the 200 day moving average periods, provided that the pair is above this moving average will remain bullish. A close below this level will invalidate our bullish outlook for this pair.

Therefore, we will place at 1.59 with take profit on the weekly pivot of 1.6066. We will place stop loss below the 200 EMA around 1.5850.

In the long term, the psychological level of 1.60 is significant. It is true that the debt problems in Europe do not contribute to the recovery of the pound. The pair will be more bullish Above 1.6066. Therefore, we recommend caution; do not risk your capital only by the euphoria of the markets.

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 EMA 200 - For November 09, 2012 (Daily Strategy) . Thanks for your support on GBP/USD Buy Above EMA 200 - For November 09, 2012 (Daily Strategy)

NZD/USD: Technical Analysis for November 9, 2012 Trend News

Overview:

The NZD/USD pair is expected to continue the movement from the point of 0.8100. Thus, the kiwi shows the signs of strength, following the breakdown of the highest level 0.8100. This fact can be considered as a good signal for BUY deals above this strong support (0.8100 is the last support for this week) with the first targets at 0.8180 and 0.8240 (it will serve as strong resistance levels; it is considered to be appropriate for take profit orders). It is necessary to mention that this level will coincide with the weekly pivot point (0.8240). However, in case of the reverse movement and if the NZD/USD pair fails to break through the resistance level of 0.8240, the market will show a further decline to the level of 0.8190 (it is the weekly support 1) indicating a bearish mood in order to retest the weekly support 3 at the level of 0.8087.

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: Technical Analysis for November 9, 2012 . Thanks for your support on NZD/USD: Technical Analysis for November 9, 2012

EurJpy Reacts Around 101.30/50 Levels. Short Term Buying Opportunity Persists. Trend News

Technical Outlook and Chart Setups:

The single currency pair came a little bit lower (102.10/20), than we had expected and discussed yesterday (101.50). Furthermore, the pair has produced a Morning Star pattern. It indicates that a bullish bounce is possible at least for a short-term period, towards 102.50 level if not higher. Therefore, it is recommended to buy intraday dips, at least keeping the short-term view in mind. Good support shall be provided around 100.00 region, while intermediary resistance is at 102.20/30 levels. Look higher from here.

Trading Recommendations:

Buy intraday dips (101.30/40). Stop at 100.75. Target 102.50.

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 Reacts Around 101.30/50 Levels. Short Term Buying Opportunity Persists. . Thanks for your support on EurJpy Reacts Around 101.30/50 Levels. Short Term Buying Opportunity Persists.

Silver Pulling Back. Just 15 cents Lower From Resistance. Look To Buy On Dips Trend News

Technical Outlook and Chart Setups:

The overall structure is turning more constructive for bulls. At the moment, silver is pulling back, just shy of first resistance at 32.65. It is expected to dip towards at least 32.00 levels now and bounce back there after. Supports are lined up through 31.80, 31.50, and 31.30 levels while resistance is lined up through 32.65, 33.30, 34.30/40, and 35.00 levels respectively. It is recommended to buy on intraday dips below 32.00 levels now. Also please keep booking partial profits at each higher target when reached. Look higher from here.

Trading Recommendations:

Book 25%-50% profits on long positions taken earlier. Buy again on dips below 32.00 levels. Stop at 30.80. Target Open 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 Silver Pulling Back. Just 15 cents Lower From Resistance. Look To Buy On Dips . Thanks for your support on Silver Pulling Back. Just 15 cents Lower From Resistance. Look To Buy On Dips

Gold Initial Target Seen at 1,750/60 Levels Now. Buying Intraday Dips Recommended Trend News

Technical Outlook and Chart Setups:

Structure remains unchanged for now. As depicted above, the yellow metal should be targeting 1,750/60 resistance now. It is possible to see intraday dips now since hourly charts are a bit stretched on the higher side. Any dips towards 1,700/10/20 region can be considered to be optimum buy levels for a run higher up towards 1,760/80 region at least. Please also note to book partial profits at each target. Support should be strong around 1,695/1,700 region now, while resistance remains lined up at 1,750/60, 1,780 and 1,795 respectively. Look higher from here.

Trading Recommendations:

Book 25%-50% profits on the long positions taken earlier. Await for a dip around 1,700-1,715 region and go long again. 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 Initial Target Seen at 1,750/60 Levels Now. Buying Intraday Dips Recommended . Thanks for your support on Gold Initial Target Seen at 1,750/60 Levels Now. Buying Intraday Dips Recommended

EUR/CHF: Technical Analysis (Long Term) for November 9, 2012 Trend News

Forecast:

At 1.2000 / 1.2050 a strong level (Support) will be formed providing a clear signal for buy deals with the target seen at the 1.2270 level. Stop loss is to be placed below 1.1850.

Overview:

EUR/CHF: The market is still showing signs of strength following the break above 1.2000, now it could rebuy at the spot of 1.2060. Therefore, it will turn to a strong support. In such case, a stronger rise should be seen towards 1.2270 resistance for confirmation. Moreover, the trend is still above 50% Fibonacci retracement level, thus it will be a good sign to buy above 1.2 (rebuy at 1.2050), and sell below 1.1975.

Types of Analysis:

- Fundamental analysis: the Swissie is also quoted amid the promise to “buy unlimited euro” in order to support this market.

- Technical analysis: on a daily chart the level of 1.2 coincides with the golden ratio (61.8% of Fibonacci retracement levels), then it indicates a bullish market.

- Sentiment analysis: psychological level is at 1.2000, in this case one should be patient to keep the trade till the end.

- Money management: always invest 3% - 7% of the capital (composite) per all trades, always risk (stop loss) 1% - 5% of the capital per all trades, and always trade high risk ratio - trade at least 1/2.

- Period: long-term.

- Stop loss must be set at 1.1975.

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/CHF: Technical Analysis (Long Term) for November 9, 2012 . Thanks for your support on EUR/CHF: Technical Analysis (Long Term) for November 9, 2012