EUR/USD rebounds above 1.3427 - for February 05, 2013 (Daily Strategy) Trend News

After a sharp decline the euro resumes a short-term bullish movement. Bearish movement was evident in technical indicators, for example indicator Momentum had already broken the moving average of the MACD, indicating bearish signal, when the price reached the maximum of 1.3708, you can see in the chart below. This morning in the American session the euro is resuming its bullish strength, but this pair is likely to remain under pressure until 1.3427, fractal level of 1.3413. This area in the past weeks had been a very strong level of resistance, as it has now become the strongest support that the pair must break. Therefore, we recommend buying the level that we have indicated in the chart below.

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

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 EUR/USD rebounds above 1.3427 - for February 05, 2013 (Daily Strategy) . Thanks for your support on EUR/USD rebounds above 1.3427 - for February 05, 2013 (Daily Strategy)

AUD/USD key level of 1.0387 - for February 05, 2013 (Daily Strategy) Trend News

The Australian dollar does not stop to define a clear medium-term trend. This week it is negotiating fractal level of 1.0387. If it closes above this level, it will give the currency the bullish strength. On the other hand, a daily close below the low of last week and below 1.0360, it is likely that the pair continues to be under pressure to support level 1.0310, (Fractal Daily). At this level there are the 200 day moving average periods and it is likely that there will be a strong rebound of the pair. Therefore, we recommend observe the key level of 1.0387 to make the decision to buy or sell.

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

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 AUD/USD key level of 1.0387 - for February 05, 2013 (Daily Strategy) . Thanks for your support on AUD/USD key level of 1.0387 - for February 05, 2013 (Daily Strategy)

Silver: Consolidation seen between 31.20 and 32.20. Breakout awaited Trend News

Technical outlook and chart setups:

As depicted on the 4H chart view here, the metal is consolidating between 31.20 and 32.20, it is shown as a cone formation. Above 32.25 a bullish breakout towards the 33.60/70 and 34.30 mark would confirm (defined as resistance levels at the moment). It is quite possible, that silver again tests the 30.40/50 mark before further rallying on the north side. This is also re-enforced by the 0.618 support of the recent rally between 29.22 to 32.50. It is again reminded that 29.22 remains the trend defining support level, and recommendations are to buy on dips.

Trading recommendations:

Hold on to long positions, buy further on dips, stop is at 30.00, 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: Consolidation seen between 31.20 and 32.20. Breakout awaited . Thanks for your support on Silver: Consolidation seen between 31.20 and 32.20. Breakout awaited

Gold consolidating between 1,660 and 1,680. Wait for breakout Trend News

Technical outlook and chart setups:

As seen on the 4H chart view depicted here, the yellow metal seems to be consolidating between 1,6650/60 to 1,6770/80 region at the moment (since last few sessions). A possibility that the metal may test 1,645/50 region before finally rally towards fresh highs still remains. Furthermore, this region is marked by the 0.786 Fibonacci support of the upswing between 1,626 to 1,694. On the other hand, a clear breakout above 1,680.00 level will confirm a bullish breakout and allow the metal to rally towards 1,710/20 and then 140/50 mark on the higher side. It is again reminded, 1,626.00 is the trend defining support.

Trading recommendations:

Hold on to longs, buy on dips further, stop is at 1,630, 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 consolidating between 1,660 and 1,680. Wait for breakout . Thanks for your support on Gold consolidating between 1,660 and 1,680. Wait for breakout