EUR/USD - key level of 1.2880 - for March 29, 2013 (daily strategy) Trend News

Yesterday the euro raised its head after the downward pressure, rejecting the level of 1.2750. Now it is trading above the 1.2820 level. If you noticed the pair is trading below the 200 day moving average, which adds the pair a bearish outlook in the medium term. Therefore, do not buy at the current levels unless the pair trades back above the 200 day moving average periods. On the other hand if the pair rejects this level, we can sell below 1.2875 with objectives to the level of 1.2750 and below to the level of 1.2640. On the other hand, if the pair closes above 1.2880, we can buy with objectives to the psychological level of 1.30 and to closing the gap at 1.3174. The Momentum Indicator is in positive territory, showing a recovery in the euro for the next few days.

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

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GBP/USD - sell below 1.5145 - for March 29, 2013 (daily strategy) Trend News

Earlier this month the pound sterling hit a minimum at 1.4830. This pair has recovered positions for more than 400 pips, which now trades at 1.52 level, from a daily perspective this pair now trades below the long-term bearish channel (red), and over the short-term bullish channel (green). We must be attentive to these levels, since the breakdown of the short-term bullish channel could push down the pair to the 1.4930 level, strong support on the weekly charts. We believe the pair should have a more prolonged decline because the momentum indicator is in overbought area getting ready for a bearish signal in the coming days. Therefore we recommend selling below the uptrend line with objectives to 1.4930.

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

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AUD/USD - bearish outlook - for March 29, 2013 (daily strategy) Trend News

Losing positions against the dollar and after reaching the roof of the bearish channel, this pair is trading under downward pressure; the break of 1.0410 could accelerate the fall of the Aussie to 1.0373 fractal level and line of the moving average 200 days. If the pair closes below this level, the next bottom is left as support in 1.03, as the final objective. The MACD indicator is showing a bearish signal. Therefore, we recommend selling this pair, if given a pullback to the area of 1.0460, with short-term objectives to 1.03.

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

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Silver likely form double bottom around 28.00 Trend News

Technical outlook and chart setups:

Looking into the 4H structure here, prices have surprisingly fell aback 28.00 level. This could be best seen as a possible double bottom formation at 28.00 level, which is also defined as the 0.785 Fibonacci support for the entire upswing from sub 26.00 level to 35.00 level in 2012. Please also note that the area of 27.70/80 is also falling in line here as a support extension of the counter trend that had begun from 35.00 level earlier. Support is at 28.00, followed by 27.50 and lower; while immediate resistance is now at 29.20/30 levels. A break higher 29.20/30 would be required now to confirm a double bottom in place. Holding long positions is still favorable, at least till next trading session on Monday.

Trading recommendations:

Hold long positions, stop is at 27.00, and target is open.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Silver likely form double bottom around 28.00 . Thanks for your support on Silver likely form double bottom around 28.00

Gold targeting 1,660.00. Probable rally would resume next week. Remain long Trend News

Technical outlook and chart setups:

The yellow metal has retraced lower up to 1,585.00 level as we had been discussing earlier. Believe it or not, these intraday dips are excellent buy opportunities. It is expected that the rally should materialize by next week, taking prices towards 1,660.00 level. Supports are seen from 1,570.00 level, followed by 1,560.00, 1,555.00, 1,550.00, and 1,525.30; while resistance remains fixed at 1,650/60, 1,680/85, 1,700.00, and higher. The current price action may seem like testing too much patience for traders, but the breakout results shall be equally rewarding. Persistence remains key here. It is recommended to utilize all dips as buying opportunities from here on.

Trading recommendations:

Remain long, stop is at 1,550.00, and target is open.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Gold targeting 1,660.00. Probable rally would resume next week. Remain long . Thanks for your support on Gold targeting 1,660.00. Probable rally would resume next week. Remain long

EurJpy holds 119.00 support well. Looking to rally again Trend News

Technical outlook and chart setups:

Looking into the 4H chart view here, the single currency pair has been holding 119.00 support level well till now. We are looking for a bottom formation possibility around 120.00 level for an extended rally further ahead. The extensions for rally from 119.00 level to 126.00 are pointing towards 130.00 at least. For this to be confirmed, prices need to rally above 122.50 level. Even if prices do not register fresh highs, a 3 wave structure would be required to be complete before falling down further below 119.00 level. Resistance is lined up from 124.50, followed by 126.00, 127.00, and 127.90 on the higher side. Support remains fixed at 119.00 as immediate level, followed by 117.50 and lower. It is recommended to remain long for now, till prices are above 119.00.

Trading recommendations:

Remain long, stop is at 118.50, and target is open.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via EurJpy holds 119.00 support well. Looking to rally again . Thanks for your support on EurJpy holds 119.00 support well. Looking to rally again

GbpChf holds 1.4530 till now. Preparing for April fall Trend News

Technical outlook and chart setups:

After having discussed the larger wave possibility, a 4H view is presented here that would stick to immediate formations. As seen here, the single currency pair exceeded 1.4450 yesterday before reversing sharply and also below the inner support line. The rally after can be termed as retracement till now, which is providing another opportunity to go short again. As discussed earlier, immediate resistance is at 1.4530 level, and till the time prices are lower, bears would remain in control. Support is lined up from 1.4300, followed by 1.4200, 1.4030 and just below 1.4 level. It is still recommended to remain short for a possible breakdown for.

Trading recommendation:

Remain short, stop is above 1.4550, and target is below 1.4.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via GbpChf holds 1.4530 till now. Preparing for April fall . Thanks for your support on GbpChf holds 1.4530 till now. Preparing for April fall

Silver tests 28.00 as expected, before reversing. Remain long Trend News

Technical outlook and chart setups:

Let us go through the larger wave structure presented by the Daily chart view again. The AB rally from sub 26.00 level to 35.00 level can be seen towards the larger trend which is up. BC move from 35.00 to sub 28.00 level can be termed as counter trend for now. A CD extension is expected from 28.00 level to 41.00, 44.00 and higher in the coming months now. Supports are defined by 28.00 level, followed by 27.50, 26.50 and lower; while resistances are defined from 29.50 level, followed by 30.30, 31.20, 32.50, 33.50, and higher up. It is just a matter of time now, for a break above 29.50, since yesterday’s movement can be defined as the final test before the extended rally. Bottom line: Till the time prices are ahead of 28.00 bulls would remain in control.

Trading recommendations:

Remain long, stop is at 27.00, 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 28.00 as expected, before reversing. Remain long . Thanks for your support on Silver tests 28.00 as expected, before reversing. Remain long

Gold forms higher bottom at 1,590/92. Immediate target remains at 1,660 Trend News

Technical outlook and chart setups:

Let us again re-visit the larger wave structure depicted here on the daily chart view. The AB rally from 1,520/30 levels to 1,798.00 level in mid-2012 was towards the larger trend rally. BC fall from 1,798.00 to 1,555.00 can be termed as a counter trend as of now. The CD rally would be termed as final extension towards the larger trend which would exceed 1,900.00 level in the coming months. Believe it or not, till 1,555.00 remains intact, a higher bottom is in place for sure which would ensure rally towards the larger uptrend. Supports can be defined as 1,555.00, followed by 1,550 and 1,525/30; while resistances can be defined as 1,650/60, followed by 1,680/85, 1,700.00, 1,750.00, and higher up. The immediate wave structure is awaiting to take out resistance at 1,660.00 levels, which is just a matter of time.

Trading recommendations:

Remain long, stop is at 1,550.00, and target is open.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Gold forms higher bottom at 1,590/92. Immediate target remains at 1,660 . Thanks for your support on Gold forms higher bottom at 1,590/92. Immediate target remains at 1,660

GbpChf marginally exceeds 1.4410/20. Key remains at 1.4530 Trend News

Technical outlook and chart setups:

A daily chart view has been presented here for a larger wave structure preview. Please note the following facts as depicted here:

1. The major support trend line from 1.3800 level was breached earlier in 2012.

2. Prices formed a sequence of lower lows and lower highs around 1.4000 level. Support at 1.42 was broken in this process.

3. Immediate resistance remains at 1.4530/40 levels for now. A break above would open doors for a larger rally/pullback towards the 1.47/1.48 region.

4. The overall wave structure maybe possibly unfolding a larger Head and Shoulder reversal, and the right shoulder remains around 1.47/1.48 levels as depicted here.

5. Keeping the above facts in mind, it is recommended to remain short for now. In case 1.4530 is exceeded, we would look for pullback opportunities to go long.

Trading recommendations:

Remain short for now, stop is above 1.4550, target is below 1.4. If stop is triggered, we shall be looking to go long on dips.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via GbpChf marginally exceeds 1.4410/20. Key remains at 1.4530 . Thanks for your support on GbpChf marginally exceeds 1.4410/20. Key remains at 1.4530

Silver prints lower levels below 28.50 today. 28.00 remains key for bulls Trend News

Technical outlook and chart setups:

The metal has just fell below the trading range support at 28.50 as seen on the 4H chart view presented here. Nonetheless, the current levels, around 28.25, should remain well supported since 0.786 Fibonacci support falls here. A break below would expose 28.00 level which is the bottom line for bulls to remain in control here. Intermediary resistance is now at 28.70/80, followed by 29.20, and strong resistance remains at 29.50, 30.20/30, 31.20 and higher up; while support is just below 28.00 level for now. It is quite possible that prices test 28.00 level again before staging rally on the higher side; and hence recommendations are to remain long for now till 28.00 level remain intact. Looking higher after test.

Trading recommendations:

Hold on to long positions, stop is at 27.00, and target is open.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Silver prints lower levels below 28.50 today. 28.00 remains key for bulls . Thanks for your support on Silver prints lower levels below 28.50 today. 28.00 remains key for bulls

Gold bottom seen between 1,590/92 today. Remain long Trend News

Technical outlook and chart setups:

The yellow metal is forming the next higher low around 1,590/92, as seen on the 4H chart view depicted here. The series of recent lows/supports are 1,555.00, 1,560/65, 1,570/72, and now 1,590/92. Resistances are lined up from 1,650/60, followed by 1,680/85 and higher. Looking into the shorter wave structure since 1,555.00 lows, prices have been forming higher supports. With a bottom near current levels, the next immediate move should be towards 1,620.00 level, followed by 1,660.00, and higher. Hence it is recommended to remain long and add further positions at current levels. The daily chart wave structure depicts a move higher till the time prices stay above 1,555.00 consistently. Prices have held 1,580 level well which is re-enforced by the 0.786 Fibonacci support of the entire upswing between 1,520/30 to 1,798.00 earlier. Bottom line: Expect higher levels, till 1,555.00 is in place.

Trading recommendations:

Hold on to long positions, stop is at 1,550.00, and target is open.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Gold bottom seen between 1,590/92 today. Remain long . Thanks for your support on Gold bottom seen between 1,590/92 today. Remain long

EurJpy bullish above 119.00 Trend News

Technical outlook and chart setups:

The single currency pair seems to be forming base at 120.00 level. It is re-enforced by Fibonacci 0.786 retracement level as seen here. No doubt there is not enough proof at the moment to confirm a bullish reversal and it is possible that EurJpy continues sliding down below 119.00 level and further. But looking into RSI, around 30-35 and MACD providing divergence, it is quite likely that bottom is near and a bullish reversal should materialize. Intermediary support levels are 120.00, followed by 119.00/118.75, 117.00, and lower, while resistances are lined up from 124.00, followed by 126.00, 127.00, and 127.90 respectively. It is recommended that at least 30-40% capacity should be bought at the moment, leaving room for a possible higher low formation ahead of 119.00 level. Bottom line: Bullish possibility remains till above 119.00.

Trading recommendations:

1. Aggressive Approach is to buy 30-40% of capacity at current levels (121.00/10). Stop is at 118.50, and target is open.

2. Conservative approach is to wait for a break above 123.50.

Good Luck!

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GbpChf retests 1.4410/20 and reverses. Optimum short entry Trend News

Technical outlook and chart setups:

The single currency pair, as seen on the 4H chart view here, hit 1.4411 level yesterday and produced an engulfing bearish trade signal. At the moment it has re-tested yesterdays' highs and pulled back sharply again. This price action confirms that a lower top is in place at 1.4420/30 levels and the pair is ready to resume its underlying down trend. Support levels are lined up from 1.4200/50 levels, followed by 1.4030 level and just below 1.4; while resistance levels are lined up from just above 1.4500, followed by 1.4800 and above respectively. It is recommended to continue holding short position, and go further short at current levels. Wave structure remains intact with the counter trend finishing at expected levels of Gartley around 1.4411; expected down trend continues. Bottom line: Bearish below 1.4500/30.

Trading recommendations:

Hold on to short positions, stop is above 1.4550, and target is below 1.4.

Good Luck!

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GBP/USD intraday technical analysis and trading recommendations for March 27, 2013 Trend News

The price around 1.5300-1.5330 marks the upper limit of the consolidation pattern above 1.5075. Hence, formation of a lower high around 1.5220, followed by breakdown below 1.5075, has been enhancing the bearish sentiment of the market.

Also the daily closures, which were observed during the last two weeks, imply the continuation of the sell-off afterwards, provided that the pair remains below 1.5155-1.5220 (major supply zone on the 4H chart). However, this zone was broken last week. That is why, retesting of this zone provided a short-term buy entry with SL as 4H closure below 1.5130.

Breakdown below support zone around 1.5150 will probably target 1.5076 initially. However, if this zone holds, the uptrend from 1.4830 will remain intact, targeting 1.5330 provided that the pair fixates above 1.5180 again.

It is important to note that Monday's daily candlestick was bearish engulfing pattern, which holds further pressure on 1.5150-1.5130.

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USD/CAD intraday technical analysis and trading recommendations for March 27, 2013 Trend News

The USD/CAD pair is holding firmly above its broken resistance at 1.0100 level. However, lack of the bullish steam seemed to exist during the last two weeks and the pair seems to be under negative pressure which was manifested yesterday in the massive bearish daily candlestick.

Last week we got some bearish rejection around 1.0300, which was followed by multiple days of indecision within the same consolidation range 1.0225-1.0330 until the pair gave obvious daily closure below 1.0220 which was repeated yesterday after breakdown of 1.220 again.

The most suggested scenario now is bearish; as long as the USD/CAD pair remains below 1.0220 with SL as 4H closure above 1.0200 to secure some profits.

By breakdown of the lower limit of the movement range at 1.0220, the USD/CAD pair probably has a projection target at 1.0110.

On the other side, it is important to note that support is located around 1.0160 level which is being tested today, where a breakdown will allow movement towards 1.0130 (50% Fibonacci) then 1.0100 level to take place.

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Silver range trading continues... Bounces again from 28.50 Trend News

Technical outlook and chart setups:

Trading sideways is simple if you keep it simple! Again we have found silver to be exceptional sideways instrument. The range establishment here is between 28.40/50 as support and 29.20/30 as resistance. A bullish bounce at support should be bought, and that is what happened again yesterday, while a bearish bounce at resistance should be sold. Support below 28.40 is at 28.00 which should hold well. Resistance levels begin from 29.50, followed by 30.20, 31.20/30 and higher up. The time taken by this sideways trading range is nearly 18 days for now, and one should not be surprised to see a breakout, to see through prices straight towards 30.50 and even higher. Bottom line: Stay bullish.

Trading recommendations:

Remain long, add further now (28.80), stop is at 27.00, and target is open.

Good Luck!

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Silver technical levels and trading recommendations for March 26, 2013 Trend News

Overview

The H4 chart demonstrates today that yesterday silver failed to break the strong Support area of the downward trend line with the Support level 28.45 and is still trading between the Support level 28.45 and the Resistance level 29.00. If the pair manages to break this Support area and closes 4H below it, it provides a good opportunity to sell below the downward line, then the Support level 28.45. After that we should wait for breaking out of this Support level to continue the bearish move, then we will get a bearish strength, which will provide new sell signals and enable the Support level of 28.00 as a target level. On the other hand, if silver reverses its bearish move and takes an upward direction after its failure to break the string Support area, it will be a strong indicator for the bullish move, after closing 4H above the Support level enabling the Resistance level of 29.00 again. In this case, we should wait for breaking this Resistance level to continue the bullish view. Based on the given H4 chart, the technical indicators provide sell signals, but as long as the Support level 28.45 and the downward trend line are unbroken, the upward move is still expected invalidating the downward movement. Therefore, we should wait for more confirmations before making a decision.

Resistance and Support levels

R3 (30.20) R2 (29.45) R1 (29.00) S1 (28.45) S2 (28.00) S3 (27.50)

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Gold retracement towards 1,585/90 support yesterday was another buying opportunity Trend News

Technical outlook and chart setups:

Yesterday the yellow metal corrected to the expected levels between 1,585/90. This region is also re-enforced by the past resistance turned support area, and prices pulled off sharply from there on. Currently it is trading around 1,598/99, it still remains a good buying opportunity. Immediate upside target seems to be 1,620.00 level in a short-term view. A break above that would rally further up towards the 1,660.00 region comfortably. Supports begin from 1,575.00 level, followed by 1,560/65 and 1,555.00; while resistance remains fixed at 1,650/60 levels, followed by 1,680/68, and 1,700.00 respectively. Believe it or not, Gold may be testing our patience for now, but it remains in a structural multi-year bull trend and would continue to be so. 1,550.00 level would be providing strong support and may be a base support for years to come by. Bottom line: Utilize all dips as buying opportunities. Looking higher.

Trading recommendations:

Remain long, add positions on dips, stop is at 1,550.00, and target is open (1,660.00 should be viewed as short-term target).

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Gold retracement towards 1,585/90 support yesterday was another buying opportunity . Thanks for your support on Gold retracement towards 1,585/90 support yesterday was another buying opportunity

EurJpy drops below 121.00. Flat for now Trend News

Technical outlook and chart setups:

The single currency pair has taken out our stops below 121.00 level yesterday. Nevertheless, it seems to have found intermediary support at the 0.786 Fibonacci support as seen here. Furthermore, the intermediary support should be strong and hold well at 118.75-119.00 region. It is recommended to remain flat for now and watch for further movements before committing to trade the pair. Now intermediary resistance begins from 123.50 level, followed by 124.50, 126.00 and strong resistance is seen at 127.00/90 levels. If bulls are to remain in control, the 118.00/119.00 mark should hold well; also the break of channel line (smaller down trendline seen here), would confirm further. On the flip side, a breakdown of 119.00 level would see a huge correction seen towards 113.00/114.00 levels.

Trading recommendations:

Flat for now.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via EurJpy drops below 121.00. Flat for now . Thanks for your support on EurJpy drops below 121.00. Flat for now

GbpChf hits 1.4411 convergence. Adding short positions recommended Trend News

Technical outlook and chart setups:

Looking into the 4H chart view depicted here, finally the single currency pair has rallied through 1.4411 level, marked as Gartley or the point of convergence; in our earlier discussions. Believe it or not, Gartleys, if projected in the right manner, produce extremely beneficial trading results. An engulfing bearish signal, is observed at the moment. To elaborate the trend structure, 1.4530 to 1.4 was towards the downtrend, 1.4 to 1.4411 rally is the counter trend. Most probable occurrence should now be towards the larger trend and extend below 1.4 mark. Resistance is above 1.45 level and till the time it remains in place, it is recommended to remain short. Intermediary support levels and trendlines depicted here should break down eventually. Once prices are below the 1.4100 mark, the downtrend would accelerate further. Bottom line: Remain short.

Trading recommendations:

Remain short, add further positions now (1.44), stop is above 1.4550, and target is below 1.4.

Good Luck!

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Silver remains locked in trading range between 28.50 and 29.10/20 Trend News

Technical outlook and chart setups:

Looking into the 4H chart view depicted here the metal continues to range trade between 28.50 (support boundary) and 29.10/20 (resistance boundary). It continues for several trading sessions and believe it or not, a powerful range breakout would materialize soon. Trading bias remains on the higher side, looking into the overall swing structure that has been unfolding since last several months (July-August 2012). The entire upswing rally from 26.00 to 35.00 has been retraced till 0.786 Fibonacci level at 20.00 recently. Hence support is intact at 28.00 level, and resistance is lined up from 29.50, followed by 30.20/25, 31.10/20 and higher. It is highly recommended to remain long for now or range trade between 28.50 (Buy) and 29.10/20 (sell). Then focus on buying a breakout.

Trading recommendations:

Hold long positions, add further on dips towards 28.50, stop is at 27.00, and targets are at 29.50, 30.30 and 31.20 at least.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Silver remains locked in trading range between 28.50 and 29.10/20 . Thanks for your support on Silver remains locked in trading range between 28.50 and 29.10/20

EurJpy remains constructive above 121.50 level Trend News

Technical outlook and chart setups:

Looking into the 4H chart view here, the following facts should be noted. The inner support line shown here was broken earlier and the single currency pair has bounced off from sub 119.00 level as seen earlier. Furthermore, the same line is now providing space (back side angle, for prices to stage a rally above 128.00). Also, the sloping counter trend line has been broken, resistance at 126.00 was tested, and the same line has been back tested twice around 121.50 level. The expected swing should be in 3 steps at least, even if prices were to form a larger downswing. A fresh line around 127.00 or above would complete the swing structure from 119.00 in 3 steps. Please note that the possibility for prices to register fresh highs at 130.00 remains as well.

Trading recommendations:

Remain long, stop is at 121.00, and target at least 127.00.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via EurJpy remains constructive above 121.50 level . Thanks for your support on EurJpy remains constructive above 121.50 level

GbpChf ready resume next downswing below 1.4 level Trend News

Technical outlook and chart setups:

A 4H chart view has been depicted here for the latest swing structure. The Line of Resistance was temporarily broken and prices rallied up to 1.44 level last week. But it needs to be noted that immediate resistance at 1.4520/30 has not been breached yet. Hence it is advisable to trade along with larger trend, which is down. As seen, the inner support trend line seems to be giving way at the moment for prices to move lower towards the counter trend line. Immediate resistance is just above 1.4500; while support is just below 1.4200 level, followed by 1.4030 and 1.4 respectively. Keeping above structure in mind, it is recommended to stay short till prices are below 1.4520/30 levels. Bottom line: Looking lower for now with resistance at 1.4520/30.

Trading recommendations:

Remain short, add further if possible, stop is above 1.4550, and target below 1.4.

Good Luck!

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EUR/USD - time to buy - for March 22, 2013 (daily strategy) Trend News

This morning during the U.S. session the euro was trading at 1.2938, above the 200 day moving average and within the short-term bearish channel. Yesterday the euro touched the base of this channel and found strong support that there is bouncing to upward. As we have mentioned, we still remain in our bullish outlook for this pair. As the pair failed to close below the 200 EMA and the bearish channel has remained intact, so in the medium term we expect the euro will trade at 1.35 level. It has to overcome the very strong resistance of 1.3230. However at this moment, you can buy the euro at the current price with the first target to 1.30 and if the pair closes above 1.3006, we can re-buy with objectives to 1.3250 which is resistance.

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 - time to buy - for March 22, 2013 (daily strategy) . Thanks for your support on EUR/USD - time to buy - for March 22, 2013 (daily strategy)

AUD/USD - buy above EMA 200 - for March 22, 2013 (daily strategy) Trend News

Yesterday the Australian dollar found resistance around 1.0448 fractal. Hence it is likely to continue falling until the top of the bearish channel. At this level, around the level of 1.0390, we can buy back the pair with targets in the medium term to 1.0525 fractal. Now our outlook is bullish for this pair, because it is above the 200 day moving average.

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 AUD/USD - buy above EMA 200 - for March 22, 2013 (daily strategy) . Thanks for your support on AUD/USD - buy above EMA 200 - for March 22, 2013 (daily strategy)

GBP/USD - strong resistance 1.5280 - for March 22, 2013 (daily strategy) Trend News

The British pound is growing slowly against the dollar at these times, and again it has surpassed 1.52. We expect the upward sequence could give an impulse to the resistance of 1.5280 fractal. However, the Momentum Indicator is showing bearish signal, which is suggestive of this pair expects a downward correction in the next few days. You can sell at any price from 1.52 to 1.5280 with objectives to support level 1.4960.

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 - strong resistance 1.5280 - for March 22, 2013 (daily strategy) . Thanks for your support on GBP/USD - strong resistance 1.5280 - for March 22, 2013 (daily strategy)

Gold looking to carve higher highs... 1,660.00 target Trend News

Technical outlook and chart setups:

Looking into the 4H chart view depicted, the single currency seems to be carving out higher highs and higher lows on shorter timeframes, confirming our bullish stance towards 1,660.00 in the sessions to come by. The structure remains unchanged with a possible ABCD unfolding on the higher side with A=1,555.00, B=1,620.00, C=1,560, and projected D=1,660.00. Intermediary support levels are 1,600.00, 1,590/80, 1,560/65; while resistance levels are 1,650/60, 1,680/85, and 1,695.00 respectively. Only coming below 1,555.00 would delay matters further for the bulls. 1,525/30 is strong support below 1,550.00. It is therefore recommended to hold long positions and utilize intraday dips as buying opportunities for an upside target.

Trading recommendations:

Hold long positions, buy further on dips, stop is at 1,550.00, and target is at 1,660 and above.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Gold looking to carve higher highs... 1,660.00 target . Thanks for your support on Gold looking to carve higher highs... 1,660.00 target

EurJpy tests 122.00-121.50 again. Hold longs for now Trend News

Technical outlook and chart setups:

Looking into the 4H chart view depicted here, following facts could be noted:

1. Prices fell below expectations at 121.50, nevertheless it is still re-enforced by 0.618 support as seen here. A bullish bounce should be expected here.

2. Furthermore, the backside of dropping trend line is again being tested, around 121.50 level, which is support now.

3. Immediate support is at 121.00, followed by 120.40, 119.00, 117.00 and lower; while resistances is at 127.00 and 127.90 respectively.

4. Till the time prices are above 120/121 levels, the immediate probable direction looks to be on the higher side, at least a test of 127.90/128.00 levels.

Trading recommendations:

Remain long, stop is below 121.00, and target is at 128.00 at least.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via EurJpy tests 122.00-121.50 again. Hold longs for now . Thanks for your support on EurJpy tests 122.00-121.50 again. Hold longs for now

GbpChf preparing to resume downswing. 1.4411 remains resistance Trend News

Technical outlook and chart setups:

As seen on the 4H chart view, the single currency pair has printed overnight highs around 1.4380/90 levels, just shy of around 20 pips from our measured level of 1.4411. Still one last rally through 1.4410 cannot be ruled out before the pair forms a reversal. At the moment, a tweezer top candle stick pattern seems to be unfolding, which is bearish. Intermediary support levels are seen towards 1.4200, followed by 1.4030/40 and lower; while resistance is fixed just above 1.4500 level for now. If prices manage to break 1.45, which is quite unlikely at the moment, the wave structure would be changed to an inverse head and shoulder unfolding and we could look to go long at the right shoulder. This scenario shall be discussed as it unfolds. Looking bearish at the moment.

Trading recommendations:

Hold on to short positions, add further at 1.4411, stop is above 1.4550, and target is below 1.4.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via GbpChf preparing to resume downswing. 1.4411 remains resistance . Thanks for your support on GbpChf preparing to resume downswing. 1.4411 remains resistance

EUR/USD - buy above 1.2902 - for March 21, 2013 (daily strategy) Trend News

The euro is still under the downward pressure due to the various problems that continues in the eurozone. According to technical analysis, we noticed that the euro has reached the base of the short-term bearish channel. Now it is now trading at 1.2902, above the 200 day moving average, which adds the pair a bullish outlook for the next few days. Given that our momentum indicator is still in positive divergence and the euro found support above the channel and is located above the 200 EMA (blue), it is recommended to buy this pair, with targets to fractal,1.3006 and more up until the middle line of the channel 1.3225.

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 - buy above 1.2902 - for March 21, 2013 (daily strategy) . Thanks for your support on EUR/USD - buy above 1.2902 - for March 21, 2013 (daily strategy)

AUD/USD - bullish outlook - for March 21, 2013 (daily strategy) Trend News

The Australian dollar managed to break the level of 1.04 in today's session, peaking February 5. Yesterday we mentioned that the Aussie was in a long-term bearish channel, the fact that now it is out of this channel increases the probability of an upward movement for the next few days until the 1.0523 fractal. Our bearish outlook was even invalidated because the pair is now trading above the 200 day moving average. So we expect that there is a decrease of pair to test the strength of the bearish channel which now serves as support. At this level we recommend you buying the pair with objectives to 1.0523.

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 AUD/USD - bullish outlook - for March 21, 2013 (daily strategy) . Thanks for your support on AUD/USD - bullish outlook - for March 21, 2013 (daily strategy)

GBP/USD - strong resistance 1.52 - for March 21, 2013 (daily strategy) Trend News

The British pound has tried several times to overcome the level of 1.52. For example, on March 5, it found strong resistance and was pushed downward until the level of 1.4830. However, above 1.52 resistance, 1.5245 is located, a gap left by the pound on February 25. When the currency passes it, it will open doors to the area of 1.5285. We hope you have a correction of the pair to support levels of 1.50 and 1.4960, daily fractal area. On the other hand, a pullback towards 1.5285 resistance will give us the opportunity to sell the pair with the same objective mentioned above. The Momentum Indicator is overbought, preparing for a potential move lower in the coming days.

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 - strong resistance 1.52 - for March 21, 2013 (daily strategy) . Thanks for your support on GBP/USD - strong resistance 1.52 - for March 21, 2013 (daily strategy)

Silver breaking above 29.00 again. Hold long positions. Targets 30.30 and 31.20 Trend News

Technical outlook and chart setups:

A daily chart view has been presented for discussing of an unfolding larger wave structure. A multi month upswing has been under formation as a larger ABCD where A=26.00 (June 2012 low), B= 35.30 (Oct 2012 high), Potential C=28.00 (Feb 2013 low) and a D extension at 41.00, 47.00 and 48.00. Intermediary support stands fixed at 28.00, followed by 27.00/50 and 26.00; while resistance levels are lined up from 29.50, followed by 32.50, 34.50 and 35.30 respectively. Till the time prices remain above 28.00 (0.786 Fibonacci retracement level of AB), bulls are in control. Hence it is strongly recommended to remain ling and add further longs if possible during intraday dips. Looking higher from here on.

Trading recommendations:

Remain long, stop is at 27.00, and target is open (29.50, 30.30 and 31.20 are good levels to book partial profits).

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Silver breaking above 29.00 again. Hold long positions. Targets 30.30 and 31.20 . Thanks for your support on Silver breaking above 29.00 again. Hold long positions. Targets 30.30 and 31.20

Gold remains constructive for bulls. Buying on dips recommended. Target 1,660.00 Trend News

Technical outlook and chart setups:

A daily chart view has been presented here today, for larger wave study, and as seen, the structure remains constructive for bulls. A large upswing/cycle seems to be unfolding since last several months as ABCD, where A=1,520/30 (May 2012 low), B= 1,800.00 (Oct 2012 high), A potential C= 1,555.00 (Feb 2013 low) and a D extension projected above 2,000.00 level. Keeping this bird eye view in mind, the intermediary supports are at 1,555.00, followed by 1,525.30; while resistances are 1,650/60, 1,680/90, 1,740/50, and 1,800.00 respectively. Consequently, till the time prices are above 1,555.00, bulls are in control. Hence it is strongly recommended to remain long and look to add further on intraday dips. Looking higher from here on.

Trading recommendations:

Remain long, stop is at 1,550.00, and target is at 1,660.00 (book partial).

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Gold remains constructive for bulls. Buying on dips recommended. Target 1,660.00 . Thanks for your support on Gold remains constructive for bulls. Buying on dips recommended. Target 1,660.00

EurJpy structure remains bullish. Hold on to long positions Trend News

Technical outlook and chart setups:

As seen on the 4H chart view here, overall bullish structure remains intact with no major support/resistance levels breached at the moment. Prices have retraced closer to 123.00 level and they are expected to resume rally again towards 125.00 level and higher. As shown here, the intermediary support is intact at 119.00 level, followed by 117.00, 116.50, and 114.00; while resistances are lined up at 127.00 and 127.90 respectively. We have shown the recent wave structure unfolding here with a=119.00, b=126.00 and c=121.50, with a d projection at 128.00 and higher. It is therefore recommended to remain long from earlier positions and add further at current levels if possible. Looking higher from here on.

Trading recommendations:

Remain long, stop is below 121.00, target are at 128.00 and target above 130.00 remains possible.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via EurJpy structure remains bullish. Hold on to long positions . Thanks for your support on EurJpy structure remains bullish. Hold on to long positions

GbpChf attempting hit 1.4411 before reversal Trend News

Technical outlook and chart setups:

As depicted on the 4H chart view here, the structure remains more or less similar to what we have been discussing since last few trading sessions. Prices are staging a rally towards our projected resistance at 1.4411. Please note that this level is re-enforced by Gartley convergence. Major trend defining resistance is just above the 1.4500 mark and we would be looking to go long if it breaks. Until then, it is recommended to remain short and also add further positions at 1.4411 level. The entire wave structure looks to be a down swing ABCD formation with A= 1.45, B=1.4, C=1.4411 (awaiting), D is projected down towards 1.3750 levels. Looking lower from 1.4411 level.

Trading recommendations:

Remain short, stop is above 1.4550, and target is at 1.3750 and lower.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via GbpChf attempting hit 1.4411 before reversal . Thanks for your support on GbpChf attempting hit 1.4411 before reversal

USD/CHF technical analysis for March 21, 2013 Trend News

Overview :

The price of 0.9420 will be formed as a strong level, providing a clear signal for buy deals with the target seen at the 0.9500 level. Stop loss is to be placed below 0.9375 above the strong support level 0.9423 (50% of Fibonacci retracement levels in the H4 chart). These levels correspond to 50% and 61.8% of Fibonacci retracement levels in the H4 chart. It is necessary to consider that the price is still located between the points 0.9430 and 0.9485. The pair has already formed a strong resistance at the level of 0.9530 and it is now approaching it for further testing. Therefore, the Swissie is expected to go downwards following the non-corrective structure and indicating the bearish opportunity below the 0.9530 level. Sell deals are recommended below 0.9530 with the first target seen at the 0.9450 level. Thus, downtrend is likely to begin continuing the bearish movement towards 0.9420 level.

Price opened above the Gab:

It is also important that the price has probably formed a strong support at 0.9420 (0.9423: 50% of Fibonacci retracement levels in the H1 chart). The saturation is likely to take place around 0.9420. Therefore, it is possible that the market will start showing the signs of a bullish behaviour. In other words, buy deals are recommended above 0.9420 with the first target seen at the 0.9480 level and further at 0.9530 level.

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 USD/CHF technical analysis for March 21, 2013 . Thanks for your support on USD/CHF technical analysis for March 21, 2013

EUR/USD - key level of 1.3006 - for March 20, 2013 (daily strategy) Trend News

The euro again registered a minimum in the area, 1.2841, area of the 200 day moving average. The fact that the pair has been rejected by the EMA 200 is a proof that the pair is still in a bullish sequence that for the next few days could reach 1.3250 level quickly. However, the economic outlook is not encouraging for the euro, due to situation on Cyprus. Using technical analysis, we have a key level of 1.3006 fractal. If the pair reaches this level we have two options: one to sell below this level, with objectives to 1.2870 support, there other is if the pair closes the H4 above this level, you can buy, with objectives to cover the gap at 1.3074, and further up to the level of 1.3250.

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For detail explanation and best discovery on market trends you may visit via EUR/USD - key level of 1.3006 - for March 20, 2013 (daily strategy) . Thanks for your support on EUR/USD - key level of 1.3006 - for March 20, 2013 (daily strategy)

GBP/USD - sell below fractal 1.5280 - for March 20, 2013 (daily strategy) Trend News

This morning the British pound has been trading with a lot of volatility. Support is at the weekly pivot, 1.5040. This level is bouncing, but landed hard to the 1.4830 level a few days ago. This level is the crossroad with the dollar. In our opinion for the medium term the British currency could recover to the 1.55 area without much difficulty, but first should break the very strong 1.5280 fractal. We believe that this level will offer a strong resistance of the pair. Therefore, in this area we recommend selling to targeted weekly support level 1.5010.

The technical Momentum indicator is entering a zone of resistance. Therefore, it is likely to be a bearish movement for the next few days as part of a correction of the upward movement.

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 - sell below fractal 1.5280 - for March 20, 2013 (daily strategy) . Thanks for your support on GBP/USD - sell below fractal 1.5280 - for March 20, 2013 (daily strategy)

AUD/USD - bearish outlook - for March 20, 2013 (daily strategy) Trend News

The Australian dollar is trading below the medium-term bearish channel and about daily fractal, 1.0386. This is a key point for this pair, the fact that you have found strong resistance at this level is a proof that yet the downward pressure prevails. On the other hand, a weekly close above this level would be the beginning of a new upward sequence, which aims the levels of 1.06 and 1.08. Therefore, it is recommended to sell this pair at the current price levels, with objectives to fractal, nearest to 1.0307 and if the downward pressure continues, it is expected that the bearish wave takes a minimum of 1.0230, which is a very strong support on the daily charts. On the other hand, the MACD indicator is overbought, giving the signal a bearish movement for the following sessions.

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 AUD/USD - bearish outlook - for March 20, 2013 (daily strategy) . Thanks for your support on AUD/USD - bearish outlook - for March 20, 2013 (daily strategy)

Silver remains unchanged. Hold long positions Trend News

Technical outlook and chart setups:

Looking into the wave structure depicted on the 4H chart view here, silver seems to be set to rally higher up to 30.20 and 31.00 levels in coming sessions. Resistances are lined up from 29.50, followed by 30.10/20, 31.20 and 32.30; while intermediary supports are at 28.30/50, followed by 28.00 and lower. The expected unfolding wave structure has been shown as ABC and a possible D at 30.20/30 levels. The AB is between 28.00 and 29.20, and possible C formation is at 28.30/40 levels. Prices have remained subdued and sideways after that, but a bullish breakout could be expected towards a possible 30.20 soft target. It is therefore recommended to hold on long positions for now.

Trading recommendations:

Hold long positions, stop is at 27.00/50, and target is open (book partial profits at 30.25 and 31.20).

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Silver remains unchanged. Hold long positions . Thanks for your support on Silver remains unchanged. Hold long positions

Gold remains unchanged. 1,660.00 in sight Trend News

Technical outlook and chart setups:

Looking into the wave structure depicted on 4H chart view here, at least in the short term, wave structure remains constructive. Resistances are lined up at 1,650/60 levels and 1,680/85 respectively. The entire unfolding wave structure is ABC and a possible D at 1,660.00. The AB has formed between 1,555.00 and 1,620.00; a possible C has formed near 1,560.00 and the yellow metal seems to be on its way towards D at 1,660.00 level. Intermediary support levels are lined up from 1,580.00, 1,560.00 and lower towards 1,555.00. A push above 1,620.00 level now, would re-affirm the above possibility. Bottom line: The metal is strongly bullish above 1,555.00, and it is recommended to hold long positions.

Trading recommendations:

Hold on to long positions, stop is at 1,550.00, and target is open (book partial profits at 1,660.00).

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 Gold remains unchanged. 1,660.00 in sight . Thanks for your support on Gold remains unchanged. 1,660.00 in sight

EUR/USD bullish momentum above 1.3006 - for March 19, 2013 (daily strategy) Trend News

The euro has not reached 1.3074, the value of the closing price on Friday. We believe the pair should reach this level to cover the gap that it has left during the opening of the session this week. Before taking bullish positions look for a safe way in that direction, you should see the development of the price breaking certain resistance levels. The first resistance is found in the daily fractal 1.3006, and according to the pivot points, 1,3030 is the weekly pivot. You can review our yesterday’s analysis to observe these levels. At the current price levels we do not recommend any strategy. Therefore, once the pair is trading above 1.3006, you can buy the euro in the short-term objectives to 1.3255. The momentum indicator is showing a bullish sign.

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For detail explanation and best discovery on market trends you may visit via EUR/USD bullish momentum above 1.3006 - for March 19, 2013 (daily strategy) . Thanks for your support on EUR/USD bullish momentum above 1.3006 - for March 19, 2013 (daily strategy)

GBP/USD rebounds to 1.5010 - for March 19, 2013 (daily strategy) Trend News

The pound remains a major bullish bias, especially on the daily chart, which since mid last week has configured a new trend in that direction. Momentum Indicator is showing a bearish signal for the next few sessions, we believe that will have a support at the psychological level of 1.5010, we recommend buying at this level, waiting for a new bullish move to 1.5250/80 level.

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 rebounds to 1.5010 - for March 19, 2013 (daily strategy) . Thanks for your support on GBP/USD rebounds to 1.5010 - for March 19, 2013 (daily strategy)

Silver continues probe 29.00. Bullish above 28.00 Trend News

Technical outlook and chart setups:

As seen on the Daily chart view, the structure remains constructive for bulls till prices remain above 28.00. This region is re-enforced by past resistance turned support and the 0.786 Fibonacci retracement level of the entire rally from sub 26.00 level to sub 35.00 level. Prices need to push above 29.20/30 levels comfortably to confirm beginning of the next major uptrend. On the other hand, a test of 28.00 level also leaves a possibility before resumption of the larger trend. Support levels are 28.50 (intermediary), 28.00, 27.50, 27.00, and lower. It is still recommended to hold long positions and build further on dips. Looking higher soon.

Trading recommendations:

Remain long, stop is at 27.00, and target is open.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Silver continues probe 29.00. Bullish above 28.00 . Thanks for your support on Silver continues probe 29.00. Bullish above 28.00

Gold remains bullish. Targeting 1,630 and 1,660 Trend News

Technical outlook and chart setups:

As depicted here, in the daily chart setups, the yellow metal still remains constructive for bulls, till prices are comfortably above the intermediary support at 1,555.00 level as shown here. Other support levels are 1,550 and 1,525/30 respectively. Please note that prices have bounced off the 0.786 Fibonacci support levels of the entire upswing from 1,525/30 levels. A push above 1,610/15 levels is required to confirm resumption of major trend towards fresh highs in coming several weeks. On the other hand, if prices still remain sideways, prices can possibly test 1,555.00 level again before breaking out. Resistance is placed at 1,625/30, 1,650/60, 1,680/85, and 1,696.00 respectively. It is highly recommended to hold long positions and buy further on dips. Looking higher from here on.

Trading recommendations:

Hold long positions, stop is at 1,550.00, and target is open (1,660).

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Gold remains bullish. Targeting 1,630 and 1,660 . Thanks for your support on Gold remains bullish. Targeting 1,630 and 1,660

GbpChf near resistance (1.4411). Hold on to short positions Trend News

Technical outlook and chart setups:

A Daily chart view has been presented here for further swing clarification. Please note the following:

1. The trend has been lower since 1.5400 level as seen here. Resistances are lined up from 1.49, 1.51, 1.53, through 1.54 respectively.

2. The inner trend line has been broken temporarily and prices have tested an intermediary resistance yesterday around 1.4350 level. This is not sufficient proof for a reversal on the higher side.

3. As shown here, the immediate major resistance is just above the 1.4500 levels. And till the time prices are below that, selling rallies should be the trade strategy from current levels. (1.43)

4. Intermediary support is at 1.4030 level, followed by 1.4000 respectively.

5. Keeping the above facts in preview, it is recommended to remain short, and add to intraday rallies through 1.44 level if possible.

Trading recommendations:

Hold on to short positions, add further on rallies, stop is above 1.4550, and targets are at 1.38, 1.37.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via GbpChf near resistance (1.4411). Hold on to short positions . Thanks for your support on GbpChf near resistance (1.4411). Hold on to short positions