Silver testing recent lows at 28.40; bullish reversal expected (March 1, 2013) Trend News

Technical outlook and chart setups:

As depicted in the 4H chart, Silver seems to have just completed its retracement around 28.40. Furthermore, it is also been supported by the 0.786 Fibonacci support and the trendline. Intermediary support will be provided by 28.20/30, while resistance is at 29.50 for now. It is still recommended to hold on long positions and plan to add further around current levels. Looking higher, but 28.30/28.00 remain key levels.

Trading recommendations:

Hold on to long positions, add further around current levels (28.40), stop at 27.00 target open.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Silver testing recent lows at 28.40; bullish reversal expected (March 1, 2013) . Thanks for your support on Silver testing recent lows at 28.40; bullish reversal expected (March 1, 2013)

Gold completes retracement at 1570/75; a buy opportunity on hand (March 1, 2013) Trend News

Technical outlook and chart setups:

As seen in the 4H chart, Gold has completed retracement near 1570/75; and it is further providing a clear bullish opportunity at the following confluences:

1. The 0.618 Fibonacci support of recent upswing rally from 1555.00 to 1620.00.

2. Backside of the trendline that acts as support now.

3. Past resistance turned support around 1570/80.

4. The Morning Star Bbullish signal appears in the 1H chart.

Trading recommendations:

Hold on to long positions taken earlier, initiate fresh longs as well, stop at 1540.50, target open. 1660 is reachable now.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Gold completes retracement at 1570/75; a buy opportunity on hand (March 1, 2013) . Thanks for your support on Gold completes retracement at 1570/75; a buy opportunity on hand (March 1, 2013)

EUR/JPY rally to extend; 124.00 in sight (March 1, 2013) Trend News

Technical outlook and chart setups:

As seen in the 4H chart, EUR/JPY seems to have formed base at the following convergences:

1. Fibonacci 0.786 support. 2. Fibonacci 61.8 extensions of the downswing (127.90-124.00). 3. Past resistance turned support region. Looking into the above-mentioned facts, it is recommended to hold on existing long positions and look to add further (now) as well. Intermediary support is at 118.70/80 followed by 117.00 and 116.00 respectively. Resistance will be strong near 124.00. Looking higher for now. 118.70 remains key for bears to take further control.

Trading recommendations:

Hold on to long positions taken earlier, stop at 118.50, target 124.00.

Good Luck!

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via EUR/JPY rally to extend; 124.00 in sight (March 1, 2013) . Thanks for your support on EUR/JPY rally to extend; 124.00 in sight (March 1, 2013)

GBP/CHF tests trendline around 1.4200; breakout possible if 1.4260 is breached (March 1, 2013) Trend News

Technical outlook and chart setups:

As seen in the 4H chart, the currency pair has broken out of the sloping resistance line and tested the 1.4200 level again. Immediate short-term movement should be towards 1.4150/00. A positive bounce from there would warrant further bullish scenario towards 1.4260 at least, which is immediate resistance, followed by 1.4350 and higher. Furthermore, the current price action is also stalled by the past support turned resistance zone. It is recommended to continue holding short positions for now.

Trade recommendations:

Hold on to short positions for now, stop at 1.4300, target at 1.3800. If prices reverse from 1.4100/50, flip trades.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via GBP/CHF tests trendline around 1.4200; breakout possible if 1.4260 is breached (March 1, 2013) . Thanks for your support on GBP/CHF tests trendline around 1.4200; breakout possible if 1.4260 is breached (March 1, 2013)

GBP/USD Key Fractal 1.5235 for February 28, 2013 (daily strategy) Trend News

The pound sterling resumes its uptrend within 4H chart after touching a new low of more than 2.5 years this week. Further up it has a very strong obstacle of fractal 1.5235 that is pressing the pair down. In order to confirm the trend change, the pair must break this level and close above it. Thus, if the pair takes a pullback to the fractal, it is recommended to sell it with the objectives to 1.5160. Buy the pair above 1.5235 with the goal towards 1.5410 fractal. The momentum indicator is under the downward pressure, although no bullish signals can be seen.

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

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For detail explanation and best discovery on market trends you may visit via GBP/USD Key Fractal 1.5235 for February 28, 2013 (daily strategy) . Thanks for your support on GBP/USD Key Fractal 1.5235 for February 28, 2013 (daily strategy)

USD/JPY Key Fractal 92.35 for February 28, 2013 (daily strategy) Trend News

In the beginning of the U.S. trading session this morning, the Japanese yen demonstrated a bearish movement, trading below the fractal 92.35. Overcoming of this level and a daily close above it could trigger a downward force in the upcoming days for the Japanese yen. Next target is placed at 94.00. On the other hand, the pair is trading above the 200-day moving average, according to the chart, as well as above the technical pattern which adds strength to the downward movement of the pair. The momentum indicator is in the resistance area on 4H chart. Therefore, it is likely that the level of 92.35 will not enable the pair to exceed this level. Nevertheless, we recommend buying after the pair’s correction or above the fractal.

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

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For detail explanation and best discovery on market trends you may visit via USD/JPY Key Fractal 92.35 for February 28, 2013 (daily strategy) . Thanks for your support on USD/JPY Key Fractal 92.35 for February 28, 2013 (daily strategy)

USD/CAD: Technical analysis and trading recommendations for February 28, 2013 Trend News

Gold Is Retracing. Buying On Dips Recommended. 1630/50 Insight Trend News

Technical Outlook and Chart Setups:

As seen from the 4H chart view, the yellow metal has taken out the first resistance at 1615/20 level yesterday. At the moment it is retracing down towards probable 1580/85 level to resume further rally. Immediate support intraday is around 1580.00 area while 1555.00 is strong support which should hold now. Resistance is at 1630/35, followed by 1645/50 and higher up. It is recommended to hold long positions taken earlier and also look to add further today on dips. Looking higher from here on.

Trading Recommendations:

Hold on to long positions, add further on dips today, stop at 1540/50, target open. Please book partial profits around 1650.00 region.

Good Luck !

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EurJpy Hits First Measured Extensions At 121.00 And Above. Reduce Risk Trend News

Technical Outlook and Chart Setups:

As depicted on the daily chart view here, the single currency pair has rallied past the lows near 119.00 yesterday, towards 122.00 level. At the moment it seems to be retracing/consolidating gains and preparing for another upswing rally towards 122.50/123.50. It is recommended to hold on long positions taken earlier and plan to buy further on dips as well. Immediate support is the 118.80 mark, followed by 117.00 and 116.00 respectively. Resistance shall be met between 122.20/30 and 123.50. One can reduce positions (50%) around those levels.

Trading Recommendations:

Hold on to long positions, buy further on dips, move stops to 118.50 (from 117.00), target 123.50/124.00.

Good Luck !

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For detail explanation and best discovery on market trends you may visit via EurJpy Hits First Measured Extensions At 121.00 And Above. Reduce Risk . Thanks for your support on EurJpy Hits First Measured Extensions At 121.00 And Above. Reduce Risk

GbpChf Stalling Near 1.41. Hold On Short Positions For Now Trend News

Technical Outlook and Chart Setups:

As it is seen from the daily chart view here, the single currency pair continues to print lower lows and lower highs from 1.54 level. The recent downswing from 1.5 to 1.42 is pointing towards 1.38 and lower to complete. Furthermore, a past support should be located around 1.3800 levels (marked as S). Considering the 4H view, 1.4250/60 stands to be immediate resistance level for now and till the time prices are below it, it is highly recommended to remain short and also look to add further on rallies. Looking lower from here on.

Trading Recommendations:

Remain short, stop at 1.4300, target 1.3800.

Good Luck !

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For detail explanation and best discovery on market trends you may visit via GbpChf Stalling Near 1.41. Hold On Short Positions For Now . Thanks for your support on GbpChf Stalling Near 1.41. Hold On Short Positions For Now

Silver Gains Momentum Higher. 30.00/31.00 Levels Remain Immediate Potential Trend News

Technical Outlook and Chart Setups:

As depicted on the daily chart here, the metal has followed up well after producing a morning star around the 0.786 fibonacci support levels. Furthermore, the 28.30 region is re-enforced by past resistance turned future support. Immediate support is just around 28.00 levels followed by 27.00 and 26.00 respectively. Resistance begins from 31.00 levels (backside of trend line) followed by 32.50 and 34.30 respectively. It is therefore highly recommended to hold on to long positions taken earlier and add further on dips as well.

Trade Recommendations:

Hold on to longs, add further on dips, stop at 27.00 (soon to be revised), target open. Please book partial profits at 31.00.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Silver Gains Momentum Higher. 30.00/31.00 Levels Remain Immediate Potential . Thanks for your support on Silver Gains Momentum Higher. 30.00/31.00 Levels Remain Immediate Potential

Gold Rally Gathers Pace. 1630.00 in Sight Trend News

Technical Outlook and Chart Setups:

As depicted on the daily chart here, the yellow metal seems to be reacting well from the 0.786 fibonacci support levels around 1580.00. After having produced a morning star, the follow up has been impressive and next immediate upside target seems to be 1630.00 for now. Immediate support should be around the 1555-1550 region while resistance begins from around 1630.00 (backside of trendline) and is followed by 1680/90. It is highly recommended to remain long now and add further positions on dips. If prices rise above 1630.00 levels, huge upside potential remains.

Trade Recommendations:

Hold long positions, stop 1530.00 (to be revised soon), target open. Please book partial profits around 1625/30.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Gold Rally Gathers Pace. 1630.00 in Sight . Thanks for your support on Gold Rally Gathers Pace. 1630.00 in Sight

EUR/JPY Produces a Hammer after Hitting 119.00 Levels. Bullish Bounce Probability Remains Trend News

Technical Outlook and Chart Setups:

A 4H chart view has been presented here for the latest swing structure. As seen, prices have stalled around 118.70 and 119.00 after reversing from the swing highs at 127.90. It is also should noted that 119.00 is re-enforced by past resistance turned support and 0.786 fibonacci level as well. Furthermore, a hammer is produced on the daily chart yesterday. Keeping the above facts in view, it is still recommended to stay long from yesterday and add positions on dips today. Immediate support is at 117.00 followed by 116.30/40; while resistance is at 122.00/122.50 (past support) followed by 124.00 and 125.00 respectively. At least a pullback rally towards 122.00/123.00 should materialize.

Trade Recommendations:

Stay long from yesterday, add further on dips, stop is below 117.00, target is at 122.00/123.00.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via EUR/JPY Produces a Hammer after Hitting 119.00 Levels. Bullish Bounce Probability Remains . Thanks for your support on EUR/JPY Produces a Hammer after Hitting 119.00 Levels. Bullish Bounce Probability Remains

GBP/CHF Looking Lower. Remain Short From 1.41 Levels Trend News

Technical Outlook and Chart Setups:

As seen here on the 4H chart view, bearish structure remains unchanged from yesterday. The currency pair has hit fibonacci 0.618 resistance level before reversing at 1.4100. Immediate resistance is around 1.4250, followed by 1.4350 and 1.45 respectively. Intermediary support is just below 1.40 for now. It is recommended to remain short from yesterday around 1.41 levels; prices are expected to fall towards 1.39, 1.38 and lower from here on. Please note that 1.4250 remains the key to a bullish reversal.

Trade Recommendations:

Stay short, stop is at 1.4300, target is towards 1.38.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via GBP/CHF Looking Lower. Remain Short From 1.41 Levels . Thanks for your support on GBP/CHF Looking Lower. Remain Short From 1.41 Levels

Silver: buy on dips; 28.30 holds key Trend News

Technical outlook and chart setups:

Looking into the daily chart setups, the structure remains unchanged; moreover the metal has produced a Morning Star bullish reversal signal yesterday. Immediate support remains at 28.30, which is also re-enforced by the past resistance turned support region. Till the moment prices are above 28.30, the metal is headed northwards. Immediate resistance is at 30.00 followed by 31.30 and 32.50 respectively. It is therefore recommended to hold on long positions taken earlier. Looking higher from here on.

Trading recommendations:

Hold on to long positions, stop at 27.50, target open.

Good Luck!

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via Silver: buy on dips; 28.30 holds key . Thanks for your support on Silver: buy on dips; 28.30 holds key

Gold Produces Bullish Reversal Signal on Daily Charts. Buy on Dips Trend News

Technical Outlook and Chart Setups:

As seen on the daily chart setups here, the yellow metal has produced a Morning Star Bullish Reversal Signal yesterday. Despite the fact that trend line has been broken, there remains high probability for the metal to turn bullish for long term. As for now, immediate upside potential remains around 1630.00 levels. Resistance is higher up towards the 1680.00 levels, while support should be strong at 1550.00 now. It is recommended to hold long positions for now. Looking higher from here on.

Trade Recommendations:

Hold on to long positions, buy further in intraday dips, stop @ 1525/30. Target is open.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Gold Produces Bullish Reversal Signal on Daily Charts. Buy on Dips . Thanks for your support on Gold Produces Bullish Reversal Signal on Daily Charts. Buy on Dips

EUR/JPY Breaks Support at 121.00 Levels. Short-Term Rally could Materialize towards 124.00 Trend News

Technical Outlook and Chart Setups:

As seen on the 4H chart here, the single currency broke the 123.00 mark overnight taking out the short-term support at 121.00 levels as well. Still at the moment, prices have stalled and bottoming out near the past resistance turned support region between 119-120. Immediate support is at 116.50/116.00 level followed by 114.00; while resistance is seen at 124.00 levels (the past support region). Furthermore, the current region is re-enforced by the fibonacci 0.786 support as seen here. It is therefore recommended to build long positions in short term looking higher up from here.

Trade Recommendations:

Go long now (120.00/120.10), stop is at 117.00, target is at 124.00 levels.

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For detail explanation and best discovery on market trends you may visit via EUR/JPY Breaks Support at 121.00 Levels. Short-Term Rally could Materialize towards 124.00 . Thanks for your support on EUR/JPY Breaks Support at 121.00 Levels. Short-Term Rally could Materialize towards 124.00

GBP/CHF at Resistance near 1.41. Short Positions can be Initiated Trend News

Technical Outlook and Chart Setups:

Looking into the 4H chart setups, we observe that the currency pair is right at the fibonacci 0.618 resistance level neat 1.41 at the moment. Immediate resistance is the 1.4250 mark followed by 1.4350; while intermediary support is the 1.40 levels. It is recommended to go short again around current levels for downside extensions towards 1.3750 in the coming sessions. Till 1.4250 remains intact, prices are expected to lower.

Trade Recommendations:

Go short now, (1.41-1.4090), stop at 1.4280, target 1.3750.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via GBP/CHF at Resistance near 1.41. Short Positions can be Initiated . Thanks for your support on GBP/CHF at Resistance near 1.41. Short Positions can be Initiated

Silver Produces a Tweezer Bottom on Daily Chart. Staying Long is Recommended Trend News

Technical Outlook and Chart Setups:

As depicted on the Daily chart here, the metal has produced a Tweezer Bottom trading signal just ahead of the fibonacci 0.786 support level of 28.10. Furthermore, this region is also re-enforced by the past resistance turned support around 28.30/40 region. Considering the above facts it is highly recommended to continue staying long on positions taken last Friday around 28.50/60 region. Immediate support is around 28.00 followed by 27.50 and 27.00; while resistance begins from 30.00 region followed by 32.50 and higher. Looking higher from here.

Trade Recommendations:

Stay long from Fridays' recommendations (28.50/60), stop is at 27.00, target is open.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Silver Produces a Tweezer Bottom on Daily Chart. Staying Long is Recommended . Thanks for your support on Silver Produces a Tweezer Bottom on Daily Chart. Staying Long is Recommended

Gold Holding 1550/70 Well for Now. Hold on to Long Positions Trend News

Technical Outlook and Chart Setups:

As seen on the Daily chart here, the yellow metal seems has been holding fibonacci 0.786 support levels well since last few trading sessions. An aggressive dip in the form of retracement towards recent lows is still possible, ahead of the thrust rally. Support region is 1550.00 and 1530.25 on the lower side, while resistance is the 1630.00 mark followed by 1680.00 and higher. It is recommended to hold long positions if taken last week and also build further on dips towards 1560/70 region. Looking higher from here on.

Trade Recommendations:

Hold longs, buy further on dips between 1560/70 region, stop is at 1520/30, Target is open.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Gold Holding 1550/70 Well for Now. Hold on to Long Positions . Thanks for your support on Gold Holding 1550/70 Well for Now. Hold on to Long Positions

EUR/JPY can be Bought on Dips Towards 123.00-124.00 Trend News

Technical Outlook and Chart Setups:

As seen on the 4H chart here, the single currency pair formed a base around 122.20/30 levels and rallied past the 125.00 region in the past trading sessions. A push through 126.00 region now would confirm that further upside is due in coming weeks. Immediate resistance is just around the 126.00 region followed by 127.00 and 127.90; while support is at 121.00 levels respectively. At the moment, prices seem to be testing the backside of the uptrend line and hence it is recommended to re-enter buying on dips (probably after 126.00 levels are taken out).

Trade Recommendations:

1. If bought earlier, please book profits now.

2. Enter fresh long positions between 123.00 and 124.00 after 126.00 is taken out, stop is at 121.00, target is open.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via EUR/JPY can be Bought on Dips Towards 123.00-124.00 . Thanks for your support on EUR/JPY can be Bought on Dips Towards 123.00-124.00

GBP/CHF Hits First Soft Target at 1.4050 Levels Trend News

Technical Outlook and Chart Setups:

As depicted on the 4H chart here, the currency pair reversed sharply from the 1.4250 resistance levels and hit the measured extension levels at 1.4050. Immediate resistance is now around the 1.4250 mark followed by 1.4350 and 1.45 on the higher side. A minor pullback might be possible now ahead of 1.4250 for further downside extensions at 1.3850. It is therefore recommended to take profit off around current levels and seek other higher opportunities to build short positions. A straight break below 1.4050 levels would accelerate further downside.

Trade Recommendations:

Book profits on short positions taken around current levels (1.4080). Seek for selling opportunities higher.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via GBP/CHF Hits First Soft Target at 1.4050 Levels . Thanks for your support on GBP/CHF Hits First Soft Target at 1.4050 Levels

Silver remains bullish; buy on dips Trend News

Technical outlook and chart setups:

As depicted in the daily chart, the metal has produced a hammer just ahead of the 0.786 Fibonacci support level yesterday. Furthermore, the region is defined by past resistance turned support 28.20/30. Immediate support is provided by 27.50 followed by 27.00 and lower; while immediate resistance is provided by 30.00 followed by 31.00 respectively. It is recommended to hold long positions if taken yesterday and also buy further on dips today. Looking higher from here on.

Trading recommendations:

Buy today on dips between 28.50/60, stop below 27.50, target open.

Good Luck!

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Gold looking higher after support around 0.786 Fibonacci level Trend News

Technical outlook and chart setups:

As seen in the daily chart, the yellow metal remains supported around 1550.00. The prices have bounced back producing a dogi/hammer candle yesterday. It can be safely assumed that, at least in the short term, a rally should materialize towards 1640/50 levels, if not higher. Intermediary support is around 1550.00, followed by 1530/25; intermediary resistance is at 1620/30, followed by 1680/90 on the higher side. It is recommended to build long positions during intraday dips today (1565.00-1570.00).

Trading recommendations:

Buy between 1560/70 again, continue holding long positions taken yesterday, stop at 1530/20, target open.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Gold looking higher after support around 0.786 Fibonacci level . Thanks for your support on Gold looking higher after support around 0.786 Fibonacci level

EUR/JPY tests trendline support just below 123.00; flat for now Trend News

Technical outlook and chart setups:

Having booked partial profits, the remaining longs were stopped out yesterday at 123.00. As depicted in the daily chart, the currency pair is just testing the inner support line. A push through 123.75 is required now to reconfirm further upward movement of prices. It is recommended to remain flat for now before we get further clarity after today's price action. The 121.00 level is immediate support now, while resistance is just below 123.75 on smaller timeframes. A clear break down of the above trendline would open doors for further downside.

Trading recommendations:

Flat for now, biased towards the long side in case the trendline remains intact.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via EUR/JPY tests trendline support just below 123.00; flat for now . Thanks for your support on EUR/JPY tests trendline support just below 123.00; flat for now

GBP/CHF should remain bearish below 1.4350 Trend News

Technical outlook and chart setups:

The structure will remain bearish as long as the first intermediary resistance remains intact at 1.4350. Furthermore, the sloping trend line is also being followed and prices have just stalled at the past support turned resistance within the 1.4180/1.4200 region. Higher resistance comes in at 1.45, while intermediary support remains at 1.4050. A bearish resumption now should push prices further towards 1.39/1.3850. It is recommended to remain short and sell intraday rallies until 1.3850 is achieved.

Trading recommendation:

Hold on to sell positions, also add further on rallies towards 1.4200, stop at 1.4350 and target at 1.3850.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via GBP/CHF should remain bearish below 1.4350 . Thanks for your support on GBP/CHF should remain bearish below 1.4350

Silver around Fibonacci support at 28.10/20. Bullish reversal expected here Trend News

Technical outlook and chart setups:

As seen here on the daily chart setup, Silver has approached the 0.786 Fibonacci support at 28.10/20. Furthermore, this region is the past resistance turned support as well. Prices have taken out our stops at 29.00, but believe it or not, a strong bullish reaction is expected around current level (28.30/40). Aggressive trades may go long again, while more conservative trading approach would be to wait for bullish reversal on the Daily chart. 27.50 is support, followed by 27.00 and lower. Resistance is strong at 32.50. Looking to buy again.

Trading recommendations:

Flat for now. Looking to enter buying again.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Silver around Fibonacci support at 28.10/20. Bullish reversal expected here . Thanks for your support on Silver around Fibonacci support at 28.10/20. Bullish reversal expected here

Gold tests 1,555.00. Just shy of critical support at 1,545/50 Trend News

Technical outlook and chart setups:

The weekly chart view is presented here. The yellow metal has been overall in an uptrend since 2008 lows, but has been drifting sideways after registering highs above 1,900.00 level. After the wedge breakout around 1,650.00, the metal rallied through 1,798.00 level, which had been defined as strong resistance. The current fall, which has technically defied all Fibonacci convergence levels, proves that sideways movement continues in the yellow metal and that it need to be traded accordingly. Keeping this view in mind, the area which is in range 1,525.00 to 1,540/50 is the support zone, as seen on the chart view. A bullish bounce here on 1hour/4 hour charts should be bought. On the other hand, a break below 1,525.00 should be sold aggressively.

Trading recommendations:

Hold long positions taken earlier, buy further on a bullish bounce between 1,540/50; stop at 1,520.00, target open. A break below 1,525.00 should be sold aggressively.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Gold tests 1,555.00. Just shy of critical support at 1,545/50 . Thanks for your support on Gold tests 1,555.00. Just shy of critical support at 1,545/50

EurJpy again testing trendline support around 124.00 Trend News

Technical outlook and chart setups;

As seen on the 4H chart view here, the single currency pair is testing a medium-term trend line passing through 124.00 level at the moment. 123.00 is immediate intermediary support, while 121.00 is a strong one. Resistance is at 127.00 and 127.90/128.00 respectively. It is recommended to stay long but also book partial profits at current levels. Just in case the trendline breaks, it is expected to correct further down towards at least 123.00 and lower. At the moment, it is looking higher towards a fresh high around 129.00 level before reversing sharply.

Tradimng recommendations:

Book partial profits and hold remaining long positions, stop is at 123.00, and target is at 129.00.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via EurJpy again testing trendline support around 124.00 . Thanks for your support on EurJpy again testing trendline support around 124.00

GBP/CHF breaks to fresh lows below 1.4100; 1.4350/60 is strong resistance now Trend News

Technical outlook and chart setups:

As depicted in the 4H, the currency pair broke down intermediary support at 1.4050/70 yesterday at the backdrop of huge sterling sell-off across the board. As shown here, immediate resistance is the 1.4350/60 levels, followed by 1.4500. Support comes in around the 1.38/1.39 levels. It should be noted that a weekly support at 1.4150 has been broken, and hence a pullback cannot be ruled out. It is always recommended to book partial profits around current levels. Looking lower till 1.4350 remains intact.

Trade recommendations:

Remain short, move risk to breakeven, target 1.4050, 1.39.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via GBP/CHF breaks to fresh lows below 1.4100; 1.4350/60 is strong resistance now . Thanks for your support on GBP/CHF breaks to fresh lows below 1.4100; 1.4350/60 is strong resistance now

GBP/USD: Expectation of rebound - for February 20, 2013 (Daily Strategy) Trend News

Being under downward pressure the British pound, fell to the level of 1.5281, because the unemployment rate in the UK, which showed a rise to 7.8%, was higher than expected. It gave a new impetus to the downward pound sterling, in its crossing with the dollar, technically complied with a figure of change in trend which had its target 1.5315, as we were talking about a few days ago. Now this pair on daily charts is in a very strong oversold point. Although we expect a small drop to the level of 1.5255, daily fractal level, but we can buy this pair at this low price with small lots, with goals to the level of 1.5615 (bearish trendline and daily fractal).

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

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For detail explanation and best discovery on market trends you may visit via GBP/USD: Expectation of rebound - for February 20, 2013 (Daily Strategy) . Thanks for your support on GBP/USD: Expectation of rebound - for February 20, 2013 (Daily Strategy)

EUR/USD 1.3306 and 1.3485 (key levels) - for February 20, 2013 (Daily Strategy) Trend News

Yesterday the euro managed to break the 1.34 level, because ZEW data in Europe and Germany came out better than expected. This level was higher than expected and boosted the price of the euro. This morning in the U.S. session we noticed that the euro is trading at 1.3385 with indecision. We may notice the price range is narrowing and the euro is likely to come up to the level of 1.3485, strong resistance and down to the 1.3306 level. Any move outside this range will open the new sequence of the pair. In the meantime, it only oscillates between these two levels. So we recommend you to observe these levels before placing an order in the market.

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

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For detail explanation and best discovery on market trends you may visit via EUR/USD 1.3306 and 1.3485 (key levels) - for February 20, 2013 (Daily Strategy) . Thanks for your support on EUR/USD 1.3306 and 1.3485 (key levels) - for February 20, 2013 (Daily Strategy)

Silver tests 29.20/30. Structure remains bullish above 28.00 Trend News

Technical outlook and chart setups:

As seen on the daily chart here, the overall bullish structure remains till prices are above 28.00/10 levels, which is re-enforced by the 0.786 Fibonacci retracement level of the entire upswing from sub 26.00 to 35.00 earlier. At the moment, the prices have tested the swing lows at 29.20/30. It is still recommended to stay long. Immediate support is at 29.00 followed by 28.10 on the lower side, while resistance is strong around the 32.50 region.

Trading recommendations:

Hold on to long positions taken earlier, stop is at 29.00, and target is open.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Silver tests 29.20/30. Structure remains bullish above 28.00 . Thanks for your support on Silver tests 29.20/30. Structure remains bullish above 28.00

Gold: Bullish above 1,580.00. Remain long Trend News

Technical outlook and chart setups:

As seen on the daily chart view, the structure remains unchanged for now. Prices have stalled at the following convergence/confluence: - Fibonacci 0.786 retracement of the upswing from 1550.00 to 1798.00 - Fibonacci extension (1.618 or 61.8%) of the down swing from 1798.00 to 1672.00 - Past Resistance Turned Support levels. These facts still confirm that the bullish scenario remains intact for now and prices should gain momentum from here on. Therefore, it is recommended to remain long from last week.

Trading recommendations:

Stay long 50% from earlier, also add remaining 50% as close to 1,596-1,600, stop is at 1,550, and target is open (fresh swing highs).

Good Luck!

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via Gold: Bullish above 1,580.00. Remain long . Thanks for your support on Gold: Bullish above 1,580.00. Remain long

EurJpy: Hold on to long positions. 123.00 immediate support Trend News

Technical outlook and chart setups:

Structurally, there is no change since last 3 trading sessions. The prices broke the initial support line, as shown here, and have bounced back sharply from the farther support line around 123.20/30 region last Friday. Immediate support should be around 123.00 levels, followed by 121.00, 117.00 and lower. Please note that a 4H chart view has been depicted here, and hence the trend line supports are closer than the Daily chart view. Resistance is spread through 129.00 to 130.00 levels at least. It is, therefore, recommended to remain long from last week targeting fresh swing highs.

Trading recommendations:

Hold on to long positions taken last week. Stop is at 123.00, and target is at 129.00.

Good Luck!

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via EurJpy: Hold on to long positions. 123.00 immediate support . Thanks for your support on EurJpy: Hold on to long positions. 123.00 immediate support

GBP/CHF: move down risk to 1.4350 on short positions Trend News

Technical outlook and chart setups:

As depicted in the 4H chart, the currency pair is drifting South below the 1.42 mark, but it is yet to register fresh lows. As shown, 1.4350 is immediate resistance, followed by 1.4500, while intermediary support is in the 1.4150/70 region. It is recommended to hold on to short positions taken earlier and also reduce risk. A breakdown of 1.4170 would push prices rapidly towards 1.3900 and 1.3800 levels respectively.

Trading recommendations:

Hold on to short positions taken earlier, reduce Risk/Move stop lower to 1.4350, target 1.3900/1.3800.

Good Luck!

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via GBP/CHF: move down risk to 1.4350 on short positions . Thanks for your support on GBP/CHF: move down risk to 1.4350 on short positions

AUD/USD Buy above EMA 200 - for February 19, 2013 (Daily Strategy) Trend News

The Australian dollar from its low of 1.0270 which was hit on Monday has managed to recover positions this morning. During the American session it was trading at 1.0340. The pair managed to rise above the 200 day moving average periods and above the 1.0306 fractal. We hope that this pair continues rising slowly to the level of 1.0387, above this level there is the next resistance in 1.0466. Therefore, we recommend buying above 1.0306 if the pair backs again to this level you can buy with medium-term objectives in the fractal of 1.0466.

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

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via AUD/USD Buy above EMA 200 - for February 19, 2013 (Daily Strategy) . Thanks for your support on AUD/USD Buy above EMA 200 - for February 19, 2013 (Daily Strategy)

GBP/USD - Bullish outlook - for February 19, 2013 (Daily Strategy) Trend News

The British pound recovers positions. You can see from the chart the breakdown of the downtrend line. The British currency does not raise head for several weeks, and only overcoming 1.5530/50 (Fractal 4 hours) the currency could get little more force. In the long term we expect the pound manages to reach the level of 1.5340. It is likely to be a bullish rebound in the short term until 1.5675/1.57 level. So we will take advantage of this movement with a buy position above 1.5490 with targets to fractal 1.57.

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

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via GBP/USD - Bullish outlook - for February 19, 2013 (Daily Strategy) . Thanks for your support on GBP/USD - Bullish outlook - for February 19, 2013 (Daily Strategy)

EUR/USD: Uncertainty - for February 19, 2013 (Daily Strategy) Trend News

It seems that the euro has found support at 1.3303 area and below 1.3386 its short-term downtrend is still maintained. If you look at the chart you will notice that there are three sessions that the euro has remained in the same level, the volume down and ranges have been shortened. You may notice there is a technical pattern; the break of 1.34 could give momentum back to the euro up 1.36 resistance. On the other hand, below 1.3303 support, this pair has another support that should be overcome, the daily fractal is 1.3250. If the pair breaks this level, the fall is guaranteed to 1.30 psychological level of the pair.

Therefore, we recommend you monitoring these levels; at the current level there will be a dangerous position, as the market is undecided.

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

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via EUR/USD: Uncertainty - for February 19, 2013 (Daily Strategy) . Thanks for your support on EUR/USD: Uncertainty - for February 19, 2013 (Daily Strategy)

Silver: Bullish structure intact. Rally gains momentum. 29.00/20 key supports Trend News

Technical outlook and chart setups:

The overall structure remains unchanged, from what was discussed yesterday. The prices seem to have bottomed out around 29.70 last Friday. 4H charts are indicating a possibility of bullish momentum to resume now. Intermediary support is at 29.70 level, while strong support is at 29.00 level, the prices are expected to stay above it in the coming sessions. Resistance begins from 31.20 level and extends through 32.50 in the short term setup. It is recommended to hold long positions and add further at current levels.

Trading recommendations:

Hold on to long positions taken earlier, add further longs at current levels (30.00/05), stop is at 29.00, and target is open (fresh swing highs).

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Silver: Bullish structure intact. Rally gains momentum. 29.00/20 key supports . Thanks for your support on Silver: Bullish structure intact. Rally gains momentum. 29.00/20 key supports

Gold remains supported between Fibonacci ratios. 1,580.00 immediate support Trend News

Technical outlook and chart setups:

We are having our focus on the larger picture depicted here on the daily chart view. As seen here, the prices are supported between Fibonacci supports of 0.618 (1626.00) and 0.786 (1,580.00), and bouncing back. A possible morning star bullish signal is underway, which would technically confirm bullish reversal and that a bottom has been formed at 1,596.00. Furthermore, 1,596.00 is also re-enforced by Fibonacci support (extension of downswing from 1,798.00 to 1,680.00). Keeping all these facts into consideration, it is still highly recommended to go long at least 50% capacity.

Trading recommendations:

Hold on to the 50% long capacity taken yesterday, add the remaining as close to 1,595.00 (if prices are reached there), stop is at 1,550.00, and target is open (fresh swing highs).

Good Luck!

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via Gold remains supported between Fibonacci ratios. 1,580.00 immediate support . Thanks for your support on Gold remains supported between Fibonacci ratios. 1,580.00 immediate support

EurJpy steady after bouncing off the support line. Hold on long positions. 123.00 immediate support Trend News

Technical outlook and chart setups:

As seen here on the Daily Chart view, the prices have bounced off the immediate line of support near 123.00 level last Friday. At the moment, the external line of support is passing through 106.00 level. Only if the immediate support line breaks in the sessions to come, we should think of further possibilities. Currently, 123.00 is immediate support, followed by 121.00 level on the downside; while 129.00 and 130.00 are Fibonacci levels of resistance on the higher side. It is recommended to hold long positions for now.

Trading recommendations:

Hold long positions from last week, stop is at 121.00, and target is at 129.00.

Good Luck!

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via EurJpy steady after bouncing off the support line. Hold on long positions. 123.00 immediate support . Thanks for your support on EurJpy steady after bouncing off the support line. Hold on long positions. 123.00 immediate support

GbpChf reversal seen from current levels (1.4280) or 1.46/1.47 Trend News

Technical outlook and chart setups:

A daily chart view has been presented here for a broader structural understanding. As seen here, past support of 1.4170 has been just tested before the prices pulled back sharply towards the 1.4550 region. This pullback rally was very much expected and it has a potential to extend towards the 1.46-1.47 mark, which is defined by past support turned resistance now. On the other hand, if extended rally fails to materialize, the prices are expected to form fresh swing lows from current levels of 1.4280. It is therefore recommended to remain around 30-40% short from yesterday, keeping space for higher up rallies to be sold.

Trading recommendations:

Remain only 30% short from yesterday, sell remaining if a rally materializes towards 1.46/1.47, and targets are at 1.38/1.39.

Good Luck!

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via GbpChf reversal seen from current levels (1.4280) or 1.46/1.47 . Thanks for your support on GbpChf reversal seen from current levels (1.4280) or 1.46/1.47

EUR/JPY - Weekly and monthly pivot points and signals, for February 18 - 23, 2013 Trend News

The EUR/JPY pair is trading in the range 1.27 to 1.23. This week it has an uptrend, although exhausted. This pair will depend on the euro, if the euro manages to overcome the level of 1.34, this pair could rise rapidly to the level of 128.50. On the other hand, if the Japanese yen strengthens again, it could put downward pressure on the pair to 1.2290 support. (W_1). Therefore, if you are trading this pair, it is recommended to watch the major pairs separately. We have outlined the likely movements and signals, they can be found below.

125.00 and 124.92 are weekly and monthly pivot points for this week for EUR/JPY.

Signals for February 18 - 23, 2013

Buy above 125.05 with take profit at 127.00 and 128.90 (W_R2), stop loss is below 124.10.

Sell if it closes below 124.50 (W_PPV) with take profit at 122.91 (W_S1), stop loss is above 127.80.

____WEEKLY_____

Weekly - R3 = 130.99

Weekly - R2 = 128.96

Weekly - R1 = 126.95

Weekly Pivot = 124.92

Weekly - S1 = 122.91

Weekly - S2 = 120.88

Weekly - S3 = 118.87

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

____MONTHLY____

Monthly - R3 = 135.06

Monthly - R2 = 131.92

Monthly - R1 = 128.22

Monthly Pivot = 120.88

Monthly - S1 = 117.18

Monthly - S2 = 109.84

Monthly - S3 = 106.14

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For detail explanation and best discovery on market trends you may visit via EUR/JPY - Weekly and monthly pivot points and signals, for February 18 - 23, 2013 . Thanks for your support on EUR/JPY - Weekly and monthly pivot points and signals, for February 18 - 23, 2013

Silver support holds at 29.22. Bullish setup intact Trend News

Technical outlook and chart setups:

As depicted on the daily chart view here, structurally, there is no change in the direction or bullish setups. The recent downswing from 32.50 seems to have been completed ahead of the swing lows at 29.22 and is in 3 waves. Support at 29.22 holds well for now, and bulls should be now poised to break through higher. Immediate resistance is seen at the 32.50 region from here. It is recommended to hold long positions and finally add the remaining capacity if possible now. Looking higher from here on.

Trading recommendations:

Hold on to long positions, add further now (30.00/05), stop is at 29.00, and target is open.

Good Luck!

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via Silver support holds at 29.22. Bullish setup intact . Thanks for your support on Silver support holds at 29.22. Bullish setup intact

Gold breaks 1,620.00. Still too early to confirm reversal Trend News

Technical outlook and chart setups:

No doubt, the yellow metal has printed fresh lows taking us out at 1,620.00 region last Friday. We again re-look at the Daily chart here, which is confirming 1,595/96 as a strong Fibonacci support as depicted here (orange line). Furthermore, that is probably the end of the Gartley, that begun from 1,798.00 level. The support trendline passing through is not yet technically broken for prices to indicate downward acceleration as of now. Support region is 1,550/70, while resistance is 1,694.00 at the moment. It is still recommended to go long on dips from here on.

Trading recommendations:

Go long 50% of capacity now (1,614.00), remaining 50% between 1,580 and 1,600, stop is at 1,550.00. Target is open.

Good Luck!

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via Gold breaks 1,620.00. Still too early to confirm reversal . Thanks for your support on Gold breaks 1,620.00. Still too early to confirm reversal

EurJpy bounces off the support line. Hold on long positions. 123.00 immediate support Trend News

Technical outlook and chart setups:

As shown on the 4H chart view here, prices have bounced off the trendline that extends long-term support around 123.00 mark. Intermediary support is at 123.00 at the moment, followed by 121.00, while resistance is spread across 126.00, 127.90/128.00, and 129.00 respectively. It is recommended to hold on the long positions taken last week around 123.20/30 region for an extended rally. Intraday dips could be considered as opportunities to go long again.

Trading recommendations:

Hold on to long positions taken earlier, add longs on intraday dips. Stop is at 122.00 and target is at 129.0

Good Luck!

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via EurJpy bounces off the support line. Hold on long positions. 123.00 immediate support . Thanks for your support on EurJpy bounces off the support line. Hold on long positions. 123.00 immediate support

GbpChf downside expected accelerate. Recommended go short again (1.4280/85) Trend News

Technical outlook and chart setups:

As depicted on the 4H chart view here, the single currency pair is consolidating after reversing from the 1.4500 region last week. Intermediary resistance is at 1.4500/20 region, while support is at the 1.4170/80 level respectively. The current price action is suggestive of a possible decline from here, rather than 1.46/47 levels. Till the time 1.45 level is intact, it is recommended to short intraday/intraday rallies targeting fresh swing lows. Look for lower lows and lower highs to continue.

Trading recommendations:

Go short now (1.4280/85). Stop is at 1.45. Target is at 1.39/1.38.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via GbpChf downside expected accelerate. Recommended go short again (1.4280/85) . Thanks for your support on GbpChf downside expected accelerate. Recommended go short again (1.4280/85)

Finally Silver Hits 30.50 And Lower. High Probability Of Bottoming Out Now. Stay Long Trend News

Technical Outlook and Chart Setups:

As seen from the chart depicted here, silver finally hit 30.50 level and went lower today. Please note, the fall is still seen to be corrective in nature, comprising of wave 2 of the 5 waves rally expected from 29.22 level. The metal is likely to form bottom around 30.20/50 levels before reversing. Immediate Fibonacci support is just below the 30.00 levels as well. A bullish reversal here would produce a rapid rally towards 33.00 levels. It is, therefore, recommended to stay long. Looking higher from here.

Trading Recommendations:

Hold long positions, stop at 29.00, target open.

Good Luck !

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For detail explanation and best discovery on market trends you may visit via Finally Silver Hits 30.50 And Lower. High Probability Of Bottoming Out Now. Stay Long . Thanks for your support on Finally Silver Hits 30.50 And Lower. High Probability Of Bottoming Out Now. Stay Long

1626.00 Remains Trend Defining Support For Gold. Trend News

Technical Outlook and Chart Setups:

As seen from 4H chart view here, the yellow metal seems to be poised to test 1626.00 level before rallying. Please note, testing of highs and lows is a technically healthy sign, and not to be taken as a down trend at the moment. It is still recommended to hold long positions taken earlier till the time prices remain above 1626.00 level. A break below 1620.00 would confirm a paradigm shift in trade direction. Looking higher at the moment.

Trading Recommendations:

Hold long positions, stop at 1620.00, target open.

Good Luck !

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For detail explanation and best discovery on market trends you may visit via 1626.00 Remains Trend Defining Support For Gold. . Thanks for your support on 1626.00 Remains Trend Defining Support For Gold.