Silver retraces to 31.10/20 levels. Bullish trend intact. Build further longs Trend News

Technical outlook and chart setups:

Structurally, things remain unchanged and as discussed yesterday, silver has retraced to 31.10/15 levels (slightly lower than expected). The metal seems to have already formed base at 30.70/75, which would act as a support now; but please note that a possibility of a lower formation at 30.50 levels before final rally materializes remains. To summarize, trend remains up for the moment; 29.22 is major support; intermediary support might be already in place at 30.70 level or it would form a fresh low around 30.50 before rallying further up. Higher probability is for a rally to materialize now.

Trading recommendations:

Hold on to long positions taken earlier, stop is at 30.00, and target is open. Book partial profits at 34.50.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Silver retraces to 31.10/20 levels. Bullish trend intact. Build further longs . Thanks for your support on Silver retraces to 31.10/20 levels. Bullish trend intact. Build further longs

Gold has retraced to 1,660/65. Rally expected to resume Trend News

Technical outlook and chart setups:

As discussed yesterday, the yellow metal has retraced/pulled back around the 1,660.00 mark. Fresh rally towards 1,740/50 should materialize soon enough. Intermediary support level is at 1,650.00 level, followed by the trend defining level of 1,626.00. Intermediary resistance is at 1,690/95 level, followed by 1,710/15, 1,720/25, 1,740/50, and 1,790/95 respectively. It is recommended to stay long on earlier positions and build fresh positions as well at current price (1,660/61). Looking higher now.

Trading recommendations:

Remain long, stop is at 1,630.00. Target is open. Book partial profits at 1,740/50 levels.

Good Luck!

The material has been provided by Instaforex Company - http://www.instaforex.com/



For detail explanation and best discovery on market trends you may visit via Gold has retraced to 1,660/65. Rally expected to resume . Thanks for your support on Gold has retraced to 1,660/65. Rally expected to resume

EurJpy bulls maybe targeting 127.90/28.00. Flat for now Trend News

Technical outlook and chart setups:

Trend Is Your Friend, they say and the single currency pair is proving this time and again. If short positions would have been taken, 124.00 stops triggered easily; since the momentum is strong on higher sides. As depicted here, EurJpy bulls maybe targeting 127.90 levels, which is the next higher up in line on the weekly chart. Support is at 122.00 and 121.50 at the moment. Believe it or not, a pullback/correction should materialize any time soon and we shall remain posted about the same in the coming sessions. Flat for now.

Trading recommendations:

Flat for now. Again preparing to go short.

Good Luck!

The material has been provided by Instaforex Company - http://www.instaforex.com/



For detail explanation and best discovery on market trends you may visit via EurJpy bulls maybe targeting 127.90/28.00. Flat for now . Thanks for your support on EurJpy bulls maybe targeting 127.90/28.00. Flat for now

GbpChf: A pullback rally may materialize towards at least 1.4610/20 Trend News

Technical outlook and chart setups:

Yesterday was a relatively quiet day in terms of price action. The single currency pair has met with the expected swing level at 1.4460 and is consolidating at the moment. As depicted here, further support is at 1.4300 and just below 1.42 and a push lower still possible before a meaningful pullback recovery materializes. Resistance begins from 1.4610/20 and extends up to 1.4850/60, while 1.5 remains major resistance at the moment. A huge inverse head and shoulder formation maybe under way and we shall discuss this scenario in the coming sessions.

Trading recommendations:

1. Conservative trade strategy would be to remain flat for now.

2. Aggressive trade strategy would be to go long, stop is at 1.4300, and target is at least at 1.4600.

Good Luck!

The material has been provided by Instaforex Company - http://www.instaforex.com/



For detail explanation and best discovery on market trends you may visit via GbpChf: A pullback rally may materialize towards at least 1.4610/20 . Thanks for your support on GbpChf: A pullback rally may materialize towards at least 1.4610/20

Silver upside seen towards 34.50/60 Trend News

Technical outlook and chart setups:

As seen on the 4H chart view presented and also being discussed since last 2-3 sessions, the metal rose through the 32.00/10 mark comfortably. The swing targets are placed near the 34.50/60 mark as depicted here (Fibonacci extensions). Current (intraday) support is around the 31.50 mark and any dips now should remain capped above 30.70 support now. One possibility still remains that prices may fall towards the 30.40/50 region, which is also been re-enforced by the 0.618 Fibonacci retracement of the rally between 29.20 to 32.50, before extending further to 34.50 levels. Bottom line: Buying on dips should remain the trade strategy till 29.20 holds.

Trading recommendations:

Hold on to long positions, stop is at 30.00 (will be revised soon), and target is open.

Good Luck!

The material has been provided by Instaforex Company - http://www.instaforex.com/



For detail explanation and best discovery on market trends you may visit via Silver upside seen towards 34.50/60 . Thanks for your support on Silver upside seen towards 34.50/60

Gold resumes rally towards 1,740 level. Buying on dips is favored Trend News

Technical outlook and chart setups:

As depicted on the 4H chart view here, and as discussed in the past 2-3 sessions, the yellow metal finally rose past 1,680 level with ease yesterday. Today's support is around the 1,665/70 mark and below that prices should stay above the 1,650.00 level. It is recommended to hold long positions taken earlier and add on intraday dips towards 1,665.00. This rally should be targeting towards 1,740.00 Fibonacci extensions at least. Bottom line: Look higher till 1,626.00 holds good.

Trading recommendations:

Hold on to long positions taken, stop is at 1,630 (shall be revised soon), and target is open.

Good Luck!

The material has been provided by Instaforex Company - http://www.instaforex.com/



For detail explanation and best discovery on market trends you may visit via Gold resumes rally towards 1,740 level. Buying on dips is favored . Thanks for your support on Gold resumes rally towards 1,740 level. Buying on dips is favored

EurJpy takes out 123.30/50 weekly chart resistance. Book profits on long positions Trend News

Technical outlook and chart setups:

As depicted on the weekly chart here, and it has been discussed earlier, the single currency pair extended gains past the major resistance level at 123.30/50 yesterday. Following the rules now, a meaningful technical correction is very much expected. Fibonacci supports begin from 115.00 level and extend through 105.00, as depicted here. It is hence recommended to book profits on long positions taken earlier. A correction should materialize.

Trading recommendations:

Book profits on long positions. Aggressive traders may go short with stop at 124.00.

Good Luck!

The material has been provided by Instaforex Company - http://www.instaforex.com/



For detail explanation and best discovery on market trends you may visit via EurJpy takes out 123.30/50 weekly chart resistance. Book profits on long positions . Thanks for your support on EurJpy takes out 123.30/50 weekly chart resistance. Book profits on long positions

GBP/USD - Bullish outlook - for January 30, 2012 (Daily Strategy) Trend News

The British pound is bullish at this time and it has covered the gap left in the opening week. As we have said all gaps are covered. It will take many days for some pairs, for others it will be faster, but in the end all gaps will be covered. Thus, in this week’s analysis it was indicated that this would happen. Now the pound is trading below the weekly pivot of 1.5812. If the pair breaks this level and closes above we consider a bullish signal, buying, with objectives to 1.5905, the moving average level of 200 periods and higher up to the psychological level of 1.60.

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

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