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

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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

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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.

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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!

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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!

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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!

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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!

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