GBP/CHF threatens to break above 1.4260 Trend News

Technical outlook and chart setups:

As depicted in the 4H chart, the currency pair is threatening to break out of the cone consolidation. Immediate resistance still remains at 1.4260 followed by 1.4350 and 1.4550. As seen here, prices are just probing the cone resistance line for now; a bullish candle appearance here would confirm a break higher. It is recommended to still continue remaining short, and add further at current levels considering the risk reward ratio.

Trading recommendations:

Stay short for now, stop at 1.4300, target 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 threatens to break above 1.4260 . Thanks for your support on GBP/CHF threatens to break above 1.4260

EUR/JPY - weekly and monthly pivot points and signals, for March 04 - 09, 2013 Trend News

Last week the EUR JPY pair had a bullish rally on Friday, as 120 yen level offered support to pair. If you look at the weekly chart, this pair is within a short-term bearish channel and it is likely that this week it will make attempts to break this level. But for the long term this pair has behaved extremely bullish. Remember that the Bank of Japan is aimed at weakening the yen. Therefore, for this new week of the month, we have the pivot level, where we recommend buying if the pair closes above 121.95. On the other hand, if the pair trades below the weekly pivot, you can sell this pair. For it to succeed in trading, you should be very attentive to the levels of 1.30 and 1.3250, the price of the EUR/USD pair. We have outlined the likely movements and signals, they can be found below.

121.94 and 122.44 are weekly and monthly pivot points for this week for EUR/JPY.

Signals for March 04 - 09, 2013

Buy above 121.94 with take profit at 125.10 and 128.35 (W_R2), stop loss is below 118.69 (W_S1).

Sell if it closes below 121.80 (W_PPV) with take profit at 118.69 (W_S1), stop loss is above 122.50.

____WEEKLY_____

Weekly - R3 = 131.51

Weekly - R2 = 128.35

Weekly - R1 = 125.10

Weekly Pivot = 121.94

Weekly - S1 = 118.69

Weekly - S2 = 115.53

Weekly - S3 = 112.28

If you would like to get this indicator, feel free to contact me via e-mail: gerardo.porras@analytics.instaforex.com

____MONTHLY____

Monthly - R3 = 134.99

Monthly - R2 = 131.34

Monthly - R1 = 126.09

Monthly Pivot = 122.44

Monthly - S1 = 117.19

Monthly - S2 = 113.54

Monthly - S3 = 108.29

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 - weekly and monthly pivot points and signals, for March 04 - 09, 2013 . Thanks for your support on EUR/JPY - weekly and monthly pivot points and signals, for March 04 - 09, 2013

Gold finds support at 1,565.00 level. Buy further Trend News

Technical outlook and chart setups:

As depicted on the daily chart view here, the yellow metal has presented another clean buying opportunity on Friday last. Gold retraced towards 1,565.00 level, the 0.786 Fibonacci retracement level of the recent upswing. Intermediary support is at 1,555.00, followed by the 1,525/30 levels; while resistance begins from 1,630.00 mark, followed by 1,650/60, 1,680.00 and higher. It is strongly recommended to hold long positions for now and look to add further.

Trading recommendations:

Hold on to long positions, add further if possible, stop is at 1,530.00, and 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 finds support at 1,565.00 level. Buy further . Thanks for your support on Gold finds support at 1,565.00 level. Buy further

EurJpy stalling at 122.00. Book profits on longs taken earlier Trend News

Technical outlook and chart setups:

As depicted on the daily chart view here, the single currency pair has stalled just ahead of 122.00 level for now. It is recommended to book profits on long positions taken earlier for the moment. Resistance is at 125.00 mark, followed by 126.00 and 127.90 levels, while support is at 119.00 (intermediary), followed by 117.00 and 116.00 respectively. As seen here, probability still remains for a rally ahead of 128.00 before reversing sharply; if 119.00 is held.

Trading recommendations:

Book profits on long positions. Look to buy again on dips ahead of 119.00 level.

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 EurJpy stalling at 122.00. Book profits on longs taken earlier . Thanks for your support on EurJpy stalling at 122.00. Book profits on longs taken earlier

GbpChf consolidates... 1.4260 immediate resistance Trend News

Technical outlook and chart setups:

As depicted here on the 4H chart view, the single currency pair has been consolidating in a cone fashion since last 2-3 trading sessions. Immediate resistance is at 1.4260, followed by 1.4350 and 1.45; while support is just below 1.40 level respectively. It is recommended to hold short positions taken earlier but one should restrict from taking aggressive directional positions at current levels. Instead plan to trade on a breakout on either side. Cautiously bearish at the moment.

Trading recommendations:

1. Hold short positions taken earlier, stop is at 1.4300, and target below 1.38.

2. Trade on a breakout on either side.

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 GbpChf consolidates... 1.4260 immediate resistance . Thanks for your support on GbpChf consolidates... 1.4260 immediate resistance