NZD/USD: Weekly Technical Levels for November 19 - 23, 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.

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For detail explanation and best discovery on market trends you may visit via NZD/USD: Weekly Technical Levels for November 19 - 23, 2012 . Thanks for your support on NZD/USD: Weekly Technical Levels for November 19 - 23, 2012

USD/CHF: Weekly Technical Levels for November 19 - 23, 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 November 19 - 23, 2012 . Thanks for your support on USD/CHF: Weekly Technical Levels for November 19 - 23, 2012

EUR/USD: Weekly Technical Levels for November 19 - 23, 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 November 19 - 23, 2012 . Thanks for your support on EUR/USD: Weekly Technical Levels for November 19 - 23, 2012

GBP/USD: Weekly Technical Levels for November 19 - 23, 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 November 19 - 23, 2012 . Thanks for your support on GBP/USD: Weekly Technical Levels for November 19 - 23, 2012

EUR/USD Wave Analysis for November 19, 2012 Trend News

EUR/USD Elliott Wave
Since our last analysis the EUR/USD pair was trading in a downward movement, corrective wave (2) (coloured green) of the bigger (1) wave (coloured red) was developing. During the Friday’s Asian and European sessions we could observe strong descending movement from 1.2783 towards the 1.2723 level. Therefore, during the early New York session this major pair continued trading in a bearish mood and the price reached a new 3 days low at 1.2690 level. We can consider this move as the end of the wave (2) (coloured green). At the moment the EUR/USD pair is trading around 1.2760 level and we are expecting to see the price around 1.2900 level when development of the (3) wave (coloured green) starts. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with measuring wave 1 with take profit at 1.2907 (161.8% of wave 1). To reduce the risk, we can use invalidation at 1.2690 level as stop loss.

Support and Resistance
(S3) 1.2644 (S2) 1.2680 (S1) 1.2702 (PP) 1.2738 (R1) 1.2774 (R2) 1.2796 (R3) 1.2832

Trading Forecast

Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 1.2740 with stop loss 1.2690 and take profit at 1.2907 are recommended.

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GOLD Wave Analysis for November 19, 2012 Trend News

GOLD Elliott Wave
Since our last analysis gold was trading in a sideways movement, impulsive (3) wave (coloured green) started to develop. During the Friday’s European session we could observe descending movement from 1,715.88 towards the 1,705.43 level. Therefore, during the New York session this commodity did not manage to hold this level and the price retraced back to 1,715.90 level. At the moment gold is trading around 1,720.50 level and we are expecting to see the price around 1,811.00 level this week. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with measuring wave 1 with take profit at 1,811.90 (161.8% of wave 1). To reduce the risk, we can use invalidation at 1,704.86 level as stop loss.

Support and Resistance
(S3)1,696.2 (S2) 1,700.9 (S1) 1,707.8 (PP) 1,712.5 (R1) 1,719.4 (R2) 1,724.1 (R3) 1,731.0

Trading Forecast

Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 1,716.00 with stop loss 1,704.86 and take profit at 1,811.90 are recommended.

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Silver Rally To Gain Momentum. Hold Long Positions Trend News

Technical Outlook and Chart Setups:

This is a classic example of reversal. 1. Down trendline breaks. 2. Resistance taken out at 32.70 level. 3. Prices fall and test the backside of the resistance turned support line, shown as arrow above. Technically, silver should carve out an extended rally in the coming sessions which takes prices above 35.00 level comfortably. Support will be strong at 32.00 level now, followed by 31.50/60, while immediate resistance is to be met at 33.30, followed by 34.30 and close to 35.00. It is humbly recommended to buy intraday dips from here on, with confidence. Look higher.

Trading Recommendations:

Hold on to long positions taken earlier, buy further on dips, move stop to 31.50, and target open.

Good Luck!

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Gold Poised To Rally Higher. Hold On Long Positions Trend News

Technical Outlook and Chart Setups:

As depicted above, it looks like the yellow metal has now carved out a higher low at 1,700 level for good. This low is expected to hold now, and it is strongly recommended to keep buying on intraday dips. Prices should be well supported towards the 1,700-1,698 region, while resistance will be met around 1,750.60 region. The resistance levels extends through 1,795.00 region; now it looks that bulls are very much poised and inclined to break through recent highs above 1,800.00. Looking higher.

Trading Recommendations:

Hold on to long positions taken earlier, keep buying on dips, move stops to 1,690.00 level, and target open.

Good Luck!

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EurJpy Pulls Back and Tests Resistance Line. 103.00 Should Be Well Supported Trend News

Technical Outlook and Chart Setups:

As depicted above, the single currency pair broke out of sloping resistance line last week. Furthermore, it pulled back and tested the backside of trendline, which should act as support now. It is recommended to build long positions on dips, close to 103.00 level. Immediate support should be provided by 103.00 and 102.10/20 levels will be the next support region for prices to bounce back. Looking at the structure, it is expected that 103.00 level should hold well and prices should rally further. Look to buy on dips.

Trading Recommendations:

Hold on to long positions taken earlier, buy on dips, move stop at 102.80, and target open.

Good Luck!

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GbpChf Rallies Through 1.5 Region. Build Short Positions Trend News

Technical Outlook and Chart Setups:

The single currency pair retraced its fall to 1.4900 on Friday. At the moment it is trading at 1.5030 level, and probably this is another opportunity to go short again. It is expected now that 1.5100 region provides intermediary resistance, and that all intraday rallies should be well capped below. Strong support is at 1.4700 level and intermediary support is at 1.4800 region. Slowly but gradually the bears are targeting 1.4600 at least. Please note that it is important for 1.5150 resistance to hold good; if it breaks, the bearish structure will change.

Trading Recommendations:

Hold on to short positions taken earlier, go further short around 1.5030/50 levels, stop at 1.5150/60, and target at 1.4600.

Good Luck!

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