EUR/JPY Produces a Hammer after Hitting 119.00 Levels. Bullish Bounce Probability Remains Trend News

Technical Outlook and Chart Setups:

A 4H chart view has been presented here for the latest swing structure. As seen, prices have stalled around 118.70 and 119.00 after reversing from the swing highs at 127.90. It is also should noted that 119.00 is re-enforced by past resistance turned support and 0.786 fibonacci level as well. Furthermore, a hammer is produced on the daily chart yesterday. Keeping the above facts in view, it is still recommended to stay long from yesterday and add positions on dips today. Immediate support is at 117.00 followed by 116.30/40; while resistance is at 122.00/122.50 (past support) followed by 124.00 and 125.00 respectively. At least a pullback rally towards 122.00/123.00 should materialize.

Trade Recommendations:

Stay long from yesterday, add further on dips, stop is below 117.00, target is at 122.00/123.00.

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 EUR/JPY Produces a Hammer after Hitting 119.00 Levels. Bullish Bounce Probability Remains . Thanks for your support on EUR/JPY Produces a Hammer after Hitting 119.00 Levels. Bullish Bounce Probability Remains

GBP/CHF Looking Lower. Remain Short From 1.41 Levels Trend News

Technical Outlook and Chart Setups:

As seen here on the 4H chart view, bearish structure remains unchanged from yesterday. The currency pair has hit fibonacci 0.618 resistance level before reversing at 1.4100. Immediate resistance is around 1.4250, followed by 1.4350 and 1.45 respectively. Intermediary support is just below 1.40 for now. It is recommended to remain short from yesterday around 1.41 levels; prices are expected to fall towards 1.39, 1.38 and lower from here on. Please note that 1.4250 remains the key to a bullish reversal.

Trade Recommendations:

Stay short, stop is at 1.4300, target is towards 1.38.

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 GBP/CHF Looking Lower. Remain Short From 1.41 Levels . Thanks for your support on GBP/CHF Looking Lower. Remain Short From 1.41 Levels

Silver: buy on dips; 28.30 holds key Trend News

Technical outlook and chart setups:

Looking into the daily chart setups, the structure remains unchanged; moreover the metal has produced a Morning Star bullish reversal signal yesterday. Immediate support remains at 28.30, which is also re-enforced by the past resistance turned support region. Till the moment prices are above 28.30, the metal is headed northwards. Immediate resistance is at 30.00 followed by 31.30 and 32.50 respectively. It is therefore recommended to hold on long positions taken earlier. Looking higher from here on.

Trading recommendations:

Hold on to long positions, stop at 27.50, target open.

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 Silver: buy on dips; 28.30 holds key . Thanks for your support on Silver: buy on dips; 28.30 holds key

Gold Produces Bullish Reversal Signal on Daily Charts. Buy on Dips Trend News

Technical Outlook and Chart Setups:

As seen on the daily chart setups here, the yellow metal has produced a Morning Star Bullish Reversal Signal yesterday. Despite the fact that trend line has been broken, there remains high probability for the metal to turn bullish for long term. As for now, immediate upside potential remains around 1630.00 levels. Resistance is higher up towards the 1680.00 levels, while support should be strong at 1550.00 now. It is recommended to hold long positions for now. Looking higher from here on.

Trade Recommendations:

Hold on to long positions, buy further in intraday dips, stop @ 1525/30. Target is open.

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 Produces Bullish Reversal Signal on Daily Charts. Buy on Dips . Thanks for your support on Gold Produces Bullish Reversal Signal on Daily Charts. Buy on Dips

EUR/JPY Breaks Support at 121.00 Levels. Short-Term Rally could Materialize towards 124.00 Trend News

Technical Outlook and Chart Setups:

As seen on the 4H chart here, the single currency broke the 123.00 mark overnight taking out the short-term support at 121.00 levels as well. Still at the moment, prices have stalled and bottoming out near the past resistance turned support region between 119-120. Immediate support is at 116.50/116.00 level followed by 114.00; while resistance is seen at 124.00 levels (the past support region). Furthermore, the current region is re-enforced by the fibonacci 0.786 support as seen here. It is therefore recommended to build long positions in short term looking higher up from here.

Trade Recommendations:

Go long now (120.00/120.10), stop is at 117.00, target is at 124.00 levels.

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via EUR/JPY Breaks Support at 121.00 Levels. Short-Term Rally could Materialize towards 124.00 . Thanks for your support on EUR/JPY Breaks Support at 121.00 Levels. Short-Term Rally could Materialize towards 124.00

GBP/CHF at Resistance near 1.41. Short Positions can be Initiated Trend News

Technical Outlook and Chart Setups:

Looking into the 4H chart setups, we observe that the currency pair is right at the fibonacci 0.618 resistance level neat 1.41 at the moment. Immediate resistance is the 1.4250 mark followed by 1.4350; while intermediary support is the 1.40 levels. It is recommended to go short again around current levels for downside extensions towards 1.3750 in the coming sessions. Till 1.4250 remains intact, prices are expected to lower.

Trade Recommendations:

Go short now, (1.41-1.4090), stop at 1.4280, target 1.3750.

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 GBP/CHF at Resistance near 1.41. Short Positions can be Initiated . Thanks for your support on GBP/CHF at Resistance near 1.41. Short Positions can be Initiated