Silver testing recent lows at 28.40; bullish reversal expected (March 1, 2013) Trend News

Technical outlook and chart setups:

As depicted in the 4H chart, Silver seems to have just completed its retracement around 28.40. Furthermore, it is also been supported by the 0.786 Fibonacci support and the trendline. Intermediary support will be provided by 28.20/30, while resistance is at 29.50 for now. It is still recommended to hold on long positions and plan to add further around current levels. Looking higher, but 28.30/28.00 remain key levels.

Trading recommendations:

Hold on to long positions, add further around current levels (28.40), stop at 27.00 target open.

Good Luck!

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Gold completes retracement at 1570/75; a buy opportunity on hand (March 1, 2013) Trend News

Technical outlook and chart setups:

As seen in the 4H chart, Gold has completed retracement near 1570/75; and it is further providing a clear bullish opportunity at the following confluences:

1. The 0.618 Fibonacci support of recent upswing rally from 1555.00 to 1620.00.

2. Backside of the trendline that acts as support now.

3. Past resistance turned support around 1570/80.

4. The Morning Star Bbullish signal appears in the 1H chart.

Trading recommendations:

Hold on to long positions taken earlier, initiate fresh longs as well, stop at 1540.50, target open. 1660 is reachable now.

Good Luck!

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EUR/JPY rally to extend; 124.00 in sight (March 1, 2013) Trend News

Technical outlook and chart setups:

As seen in the 4H chart, EUR/JPY seems to have formed base at the following convergences:

1. Fibonacci 0.786 support. 2. Fibonacci 61.8 extensions of the downswing (127.90-124.00). 3. Past resistance turned support region. Looking into the above-mentioned facts, it is recommended to hold on existing long positions and look to add further (now) as well. Intermediary support is at 118.70/80 followed by 117.00 and 116.00 respectively. Resistance will be strong near 124.00. Looking higher for now. 118.70 remains key for bears to take further control.

Trading recommendations:

Hold on to long positions taken earlier, stop at 118.50, target 124.00.

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 rally to extend; 124.00 in sight (March 1, 2013) . Thanks for your support on EUR/JPY rally to extend; 124.00 in sight (March 1, 2013)

GBP/CHF tests trendline around 1.4200; breakout possible if 1.4260 is breached (March 1, 2013) Trend News

Technical outlook and chart setups:

As seen in the 4H chart, the currency pair has broken out of the sloping resistance line and tested the 1.4200 level again. Immediate short-term movement should be towards 1.4150/00. A positive bounce from there would warrant further bullish scenario towards 1.4260 at least, which is immediate resistance, followed by 1.4350 and higher. Furthermore, the current price action is also stalled by the past support turned resistance zone. It is recommended to continue holding short positions for now.

Trade recommendations:

Hold on to short positions for now, stop at 1.4300, target at 1.3800. If prices reverse from 1.4100/50, flip trades.

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 tests trendline around 1.4200; breakout possible if 1.4260 is breached (March 1, 2013) . Thanks for your support on GBP/CHF tests trendline around 1.4200; breakout possible if 1.4260 is breached (March 1, 2013)

GBP/USD Key Fractal 1.5235 for February 28, 2013 (daily strategy) Trend News

The pound sterling resumes its uptrend within 4H chart after touching a new low of more than 2.5 years this week. Further up it has a very strong obstacle of fractal 1.5235 that is pressing the pair down. In order to confirm the trend change, the pair must break this level and close above it. Thus, if the pair takes a pullback to the fractal, it is recommended to sell it with the objectives to 1.5160. Buy the pair above 1.5235 with the goal towards 1.5410 fractal. The momentum indicator is under the downward pressure, although no bullish signals can be seen.

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

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/USD Key Fractal 1.5235 for February 28, 2013 (daily strategy) . Thanks for your support on GBP/USD Key Fractal 1.5235 for February 28, 2013 (daily strategy)

USD/JPY Key Fractal 92.35 for February 28, 2013 (daily strategy) Trend News

In the beginning of the U.S. trading session this morning, the Japanese yen demonstrated a bearish movement, trading below the fractal 92.35. Overcoming of this level and a daily close above it could trigger a downward force in the upcoming days for the Japanese yen. Next target is placed at 94.00. On the other hand, the pair is trading above the 200-day moving average, according to the chart, as well as above the technical pattern which adds strength to the downward movement of the pair. The momentum indicator is in the resistance area on 4H chart. Therefore, it is likely that the level of 92.35 will not enable the pair to exceed this level. Nevertheless, we recommend buying after the pair’s correction or above the fractal.

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

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



For detail explanation and best discovery on market trends you may visit via USD/JPY Key Fractal 92.35 for February 28, 2013 (daily strategy) . Thanks for your support on USD/JPY Key Fractal 92.35 for February 28, 2013 (daily strategy)

USD/CAD: Technical analysis and trading recommendations for February 28, 2013 Trend News

Gold Is Retracing. Buying On Dips Recommended. 1630/50 Insight Trend News

Technical Outlook and Chart Setups:

As seen from the 4H chart view, the yellow metal has taken out the first resistance at 1615/20 level yesterday. At the moment it is retracing down towards probable 1580/85 level to resume further rally. Immediate support intraday is around 1580.00 area while 1555.00 is strong support which should hold now. Resistance is at 1630/35, followed by 1645/50 and higher up. It is recommended to hold long positions taken earlier and also look to add further today on dips. Looking higher from here on.

Trading Recommendations:

Hold on to long positions, add further on dips today, stop at 1540/50, target open. Please book partial profits around 1650.00 region.

Good Luck !

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EurJpy Hits First Measured Extensions At 121.00 And Above. Reduce Risk Trend News

Technical Outlook and Chart Setups:

As depicted on the daily chart view here, the single currency pair has rallied past the lows near 119.00 yesterday, towards 122.00 level. At the moment it seems to be retracing/consolidating gains and preparing for another upswing rally towards 122.50/123.50. It is recommended to hold on long positions taken earlier and plan to buy further on dips as well. Immediate support is the 118.80 mark, followed by 117.00 and 116.00 respectively. Resistance shall be met between 122.20/30 and 123.50. One can reduce positions (50%) around those levels.

Trading Recommendations:

Hold on to long positions, buy further on dips, move stops to 118.50 (from 117.00), target 123.50/124.00.

Good Luck !

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GbpChf Stalling Near 1.41. Hold On Short Positions For Now Trend News

Technical Outlook and Chart Setups:

As it is seen from the daily chart view here, the single currency pair continues to print lower lows and lower highs from 1.54 level. The recent downswing from 1.5 to 1.42 is pointing towards 1.38 and lower to complete. Furthermore, a past support should be located around 1.3800 levels (marked as S). Considering the 4H view, 1.4250/60 stands to be immediate resistance level for now and till the time prices are below it, it is highly recommended to remain short and also look to add further on rallies. Looking lower from here on.

Trading Recommendations:

Remain short, stop at 1.4300, target 1.3800.

Good Luck !

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