EUR/USD: Sell bellow 1.34 - For January 22, 2013 (daily strategy) Trend News

The EUR/USD pair is consolidating below 1.34 and above 1.3240. Bearing it in mind our strategy should be bearish, but we must be cautious as the market is going to move in both directions. Thus, with a daily closing price of 1.34 the pair may rapidly go up to the psychological level of 1.35 and then the path to 1.38 will be free. On the other hand, closing daily graphs below 1.3240 (fractal), there will be a very strong downward pressure until the key level of 1.30. If you look at the graph in technical indicators, you may observe a bullish signal, so we must wait until we have a clear signal to sell.

If you need personal consultation, contact me via e-mail: gerardo.porras@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: Sell bellow 1.34 - For January 22, 2013 (daily strategy) . Thanks for your support on EUR/USD: Sell bellow 1.34 - For January 22, 2013 (daily strategy)

GBP/USD: Buy above fractal 1.5788 - for January 22, 2013 (daily strategy) Trend News

The British pound encountered a very strong support above 1.5788 daily fractal and touched the 50% Fibonacci retracement. On the other hand, the pair is below the 200 day moving average periods. This pair is showing a small recovery, there is a bullish signal, which will be confirmed only by overcoming the 1.5905 (EMA 200). Now, if there was a setback to 1.5788 daily fractal, you have to purchase above this level, with objectives to 1.6060.

Technical indicators are moving in bullish sign, but have not yet been confirmed. So we must be very careful because the trend is bearish.

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

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



For detail explanation and best discovery on market trends you may visit via GBP/USD: Buy above fractal 1.5788 - for January 22, 2013 (daily strategy) . Thanks for your support on GBP/USD: Buy above fractal 1.5788 - for January 22, 2013 (daily strategy)

GbpChf is bearish below 1.5/1.5050. Prefer sell on rallies Trend News

Technical outlook and chart setups:

Let’s again look into the structure, depicted here on a 4H chart view. The single currency pair had bounced off the dropping trendline resistance earlier from around the 1.5 mark. At the moment, a short-term rally can be expected but it should remain well capped below 1.5/1.5050 enabling the bears to remain in control. Resistance is spread through 1.5050/60 and 1.5150 levels, while support is just below 1.4700. A break below 1.4700 will accelerate downside further. It is recommended to sell intraday rallies and favor downside from here on.

Trading recommendations:

Go short between 1.4875 - 1.4900, stop is at 1.5060, target is below 1.46.

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 GbpChf is bearish below 1.5/1.5050. Prefer sell on rallies . Thanks for your support on GbpChf is bearish below 1.5/1.5050. Prefer sell on rallies

Silver: Trend remains intact. Prices breaking out of counter trendline. 32.50 is immediate target Trend News

Technical outlook and chart setups:

The overall trend structure remains unchanged for silver. Furthermore, as depicted here, the prices seem to be breaking out of the dropping line of resistance, above 32.00. Immediate resistance begins from 32.50, followed by 33.50/60, 34.30, and 35.10, while support begins from 31.00 level, followed by 30.20, and 29.22 respectively. It is recommended to hold long positions and also buy during intraday dips with a price target of 32.50 insight. Buying on dips strategy holds good for now.

Trading recommendations:

Hold long positions, add further on dips, stop is at 30.00, and target is open. Book partial profits at 33.50.

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: Trend remains intact. Prices breaking out of counter trendline. 32.50 is immediate target . Thanks for your support on Silver: Trend remains intact. Prices breaking out of counter trendline. 32.50 is immediate target

Gold: Trend remains unchanged. 1,720/25 is immediate target Trend News

Technical outlook and chart setups:

The trend structure remains unchanged and bulls are determined to take off further resistance before a meaningful pullback begins. Resistance is spread through 1,710.00, followed by 1,720/25, and 1,753.00 levels, while support begins from 1,665.00 level, followed by 1,650/55 and 1,630.00 respectively. At the moment, through the 4H charts are a bit exhausted on indicators, bulls would want to target 1,710/20/25 resistance levels. Hence it is recommended to stay long and also buy on dips around the 1,682/85 mark.

Trading recommendations:

Hold long positions taken earlier, buy on intraday dips, stop is at 1,630.00, and target is open. Book partial profits at 1,725.00 level.

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 Gold: Trend remains unchanged. 1,720/25 is immediate target . Thanks for your support on Gold: Trend remains unchanged. 1,720/25 is immediate target