EUR/JPY is holding the 118.80-119.00 levels Trend News

Technical outlook and chart setups:

A 4H chart view has been again presented here; and it is quite clear that the single currency pair is trading in the Buy zones of the inner and outer support trend lines. Immediate support is at 116.50 followed by 115.00 (past resistance) and 114.00; while resistance is just above 121.00 (Fibonacci extensions also point to the same). At the moment prices have been supported by the 0.382 Fibonacci support close to 119.00. It is recommended to buy intraday dips towards 119.10/20 for a push through the 121.00 level before finally reversing.

Trading recommendations:

Buy now (119.00). Stop is at 117.50, target is at 121.00.

Good Luck!

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GBP/USD - weekly pivot points and signals for January 21 - 26, 2013 Trend News

The British pound is trading below the weekly pivot and below the 200 day moving average (Blue). The pair has remained bullish since September 2012. The fact that this level has been broken is a bearish signal, which could extend this week. Although I do not think so, rather we should consider it as an opportunity to buy this pair. So our purchasing strategy is activated only if the pair closes above the 200 day moving average periods and above the weekly pivot. Therefore, we consider that the following signal will have validity for the whole week.

Signals for January 21 - 26, 2013

Buy if the day closes above 1.5957 (W_PPV) with take profit at 1.6061 and 1.6258, stop loss is below 1.5760 (W_S1).

Sell if pullback is at 1.5957 (W_PPV) with take profit at 1.65760, stop loss is above 1.6161.

____WEEKLY_____

Weekly - R3 = 1.6362

Weekly - R2 = 1.6258

Weekly - R1 = 1.6061

Weekly Pivot = 1.5957

Weekly - S1 = 1.5760

Weekly - S2 = 1.5656

Weekly - S3 = 1.5459

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

_____MONTHLY____

Monthly - R3 = 1.6672

Monthly - R2 = 1.6490

Monthly - R1 = 1.6365

Monthly Pivot = 1.6183

Monthly - S1 = 1.6058

Monthly - S2 = 1.5876

Monthly - S3 = 1.5751

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For detail explanation and best discovery on market trends you may visit via GBP/USD - weekly pivot points and signals for January 21 - 26, 2013 . Thanks for your support on GBP/USD - weekly pivot points and signals for January 21 - 26, 2013

EUR/JPY - weekly pivot points and signals for January 21 - 26, 2013 Trend News

The EUR/JPY pair is trading below the weekly pivot. It is starting to show a bearish sequence as part of a correction in the uptrend of the yen and the euro. Our first downside target should trace it around 117.38. Below this level the fall would be faster to the level of 115 yen to the euro. Continued pressure may fall to 111.80 in order to fill the gap it left on December 24. All the gaps are covered, so in the medium term it should be at these levels. This pair is overbought, so you should be cautious if you are buying this pair.

119.05 and 111.67 are weekly and monthly pivot points for this week for EUR/JPY.

Signals for January 21 - 26, 2013

Sell if pullback is at 120.63 (W_R1) with take profit at 117.38 and 114.80 (W_S1), stop loss is above 121.63.

Sell if it closes below 119.05 (W_PPV) with take profit at 117.38 (W_S1), stop loss is above 121.63.

____WEEKLY_____

Weekly - R3 = 125.88

Weekly - R2 = 123.30

Weekly - R1 = 121.63

Weekly Pivot = 119.05

Weekly - S1 = 117.38

Weekly - S2 = 114.80

Weekly - S3 = 113.13

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

____MONTHLY____

Monthly - R3 = 126.06

Monthly - R2 = 120.38

Monthly - R1 = 117.35

Monthly Pivot = 111.67

Monthly - S1 = 108.64

Monthly - S2 = 102.96

Monthly - S3 = 99.93

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via EUR/JPY - weekly pivot points and signals for January 21 - 26, 2013 . Thanks for your support on EUR/JPY - weekly pivot points and signals for January 21 - 26, 2013

NZD/USD: Weekly technical levels for January 21 - 25, 2013 Trend News

Weekly technical levels:

Tip(s):

R3 and S3 are considered to be clear indicators of the maximum range of extreme volatility, though it is possible to pass them through.

Pivot lines work well on the sideways markets, as the prices are most likely to be located between the R1 and S1 lines.

Within a strong trend, the price is expected to be lower than the pivot point line and continue the movement.

If the breaking news released may affect the market, the price is likely to go straight through R1 or S1 and even reach R2 and R3 or S2 and S3.



Observation(s):

If the trend is of an upside character, then the strength of the currency will be defined as following: NZD is an uptrend and USD is a downtrend.

Fibonacci retracement is used to determine accurate psychological levels of support and resistance. The period of time should be taken into account.

Fibonacci is in a range trade; it looks like the trend is trapping and going up or down. If you sell or buy for a long term in this period, you will surely lose your profit.

Stop loss should NEVER exceed your maximum exposure amounts.

As a rule, the market is highly volatile if the last day had huge volatility.

If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via NZD/USD: Weekly technical levels for January 21 - 25, 2013 . Thanks for your support on NZD/USD: Weekly technical levels for January 21 - 25, 2013

EUR/USD: Weekly technical levels for January 21 - 25, 2013 Trend News

Weekly technical levels:

Tip(s):

R3 and S3 are considered to be clear indicators of the maximum range of extreme volatility, though it is possible to pass them through.

Pivot lines work well on the sideways markets as the prices are most likely to be located between the R1 and S1 lines.

Within a strong trend, the price is expected to be lower than the pivot point line and continue moving.

If the breaking news released may affect the market, the price is likely to go straight through R1 or S1 and even reach R2 and R3 or S2 and S3.



Observation(s):

If the trend is of an upside character, then the strength of the currency will be defined as following: EUR is an uptrend and USD is a downtrend.

Fibonacci retracement is used to determine accurate psychological levels of support and resistance. The period of time should be taken into account.

Fibonacci is in a range trade; it looks like the trend is trapping and going up or down. If you sell or buy for a long term in this period, you will surely lose your profit.

Stop loss should NEVER exceed your maximum exposure amounts.

As a rule, the market is highly volatile if the last day had a huge volatility.



If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via EUR/USD: Weekly technical levels for January 21 - 25, 2013 . Thanks for your support on EUR/USD: Weekly technical levels for January 21 - 25, 2013

Silver: Strong buy remains on dips. 31.60 is immediate support Trend News

Technical outlook and chart setups:

As depicted on the 4H chart view, the white metal is probing sloping resistance line at 32.20/30 levels. A clear break is needed now to re-instil further bullishness in silver. As depicted here, immediate support is at 31.60, followed by 30.00, and 29.22; while resistance is lined up from 32.50, 33.60/70, and 34.30 respectively. It is recommended to stay long on positions taken earlier and further add on intraday dips. Trend remains up, looking higher from here.

Trading recommendations:

Hold on to long positions taken earlier, buy further on dips, stop is at 29.50, and target remains open.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via Silver: Strong buy remains on dips. 31.60 is immediate support . Thanks for your support on Silver: Strong buy remains on dips. 31.60 is immediate support

Gold: Immediate upside target is at 1,720/25 Trend News

Technical outlook and chart setups:

As depicted here on a 4H chart view, it remains quite clear that the yellow metal has broken the sloping resistance line and is trading in the buy zone. Furthermore, the prices have been following the rising trendline extended from the 1,626.00 low. Please note that the sequence of higher highs and higher lows remains intact and the next measured extension is expected around the 1,720/25 levels which is also been marked as the past resistance zone. Immediate support is now at 1,665.00, followed by 1,650 and lower. It is recommended to hold long positions taken earlier and buy further on intraday dips as well. Uptrend remains intact.

Trading recommendations:

Hold on to long positions taken earlier, buy on intraday dips, stop is at 1,630.00, and target is open.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



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EurJpy is well above immediate support of 116.50 Trend News

Technical outlook and chart setups:

As depicted on a 4H chart view, the prices retraced up to 119.00 level on Friday. It is still possible for the single currency to retrace further down towards 118.00 level. Still it is recommended to book profits on the short positions recommended on Friday at current price (119.45/50). Resistance at the moment is fixed at 120.70/75 region, while immediate support is at 116.50 level as shown here. There is still a possibility that the single currency pushes further up to 121.00 level before initiating a meaningful pullback. Flat for now.

Trading recommendations:

1. Book profits on short positions taken on Friday at 119.45/50.

2. Flat for now. Look to go long as close to 118.00 level, if prices manage to reach there.

Good Luck!

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GbpChf hits 1.5 and pulls back sharply. Area 1.5050/60 is resistance Trend News

Technical outlook and chart setups:

As it was discussed last Friday, the single currency pair rose through 1.5 level, but it was unable to register highs at 1.5050 level as expected. As depicted here, the prices faced resistance of the sloping trendline and the Fibonacci 0.786 level of recent downswing 1.5050/60 to 1.4670. Resistance levels are lined up from 1.5050/60 and 1.5150; while support is at 1.4700 and 1.4670 respectively. It is recommended to remain flat for at least one more trading session before entering. 1.5050/60 is immediate resistance and is expected to be held.

Trading recommendations:

Flat for now. Preparing to go short again. 1.5050/60 should be held.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



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