AUD/USD - sell below fractal 1.0390 - for March 14, 2013 (daily strategy) Trend News

Amid a good jobs report in Australia in February, the Australian dollar reacted better than expected. It gave a bullish momentum. We believe that it will have its roof at the 1.0389 fractal, because it is a massive area of resistance. In the past weeks it has been very strong. Therefore, you can sell below this level, with objectives to the nearest 1.0230 fractal. On the other hand, the technical indicator is overbought, which increases the chances of a bearish sequence for the pair in the next few hours.

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

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EUR/USD - buy above 1.29 - for March 14, 2013 (daily strategy) Trend News

This morning during the U.S. session the euro dollar returned to 1.2912 level. This area is a very strong weekly support, the pair tried to break but failed. It gives us a very clear signal that the euro is just trying to consolidate above this level, preparing for a move higher in the coming days. If you look at the technical indicator, there is a positive divergence, which at the moment is an opportunity to buy the euro at a low price. Therefore, buy euros above 1.29, our objective in the short term, we place it in 1.31 dollars per euro.

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



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GBP/USD - buy above fractal 1.4931 - for March 14, 2013 (daily strategy) Trend News

After the British pound had touched the low at 1.4830, it recovered. Now the pair is located above the 1.4931 fractal, which increases the chances of a bullish move towards the area 1.5280 resistance. Therefore, any return of the price of the pair to the daily supports will give us the opportunity to buy this pair. Momentum Indicator was in the mixed area, we believe that there may be a setback before the currency continues the rise.

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 - buy above fractal 1.4931 - for March 14, 2013 (daily strategy) . Thanks for your support on GBP/USD - buy above fractal 1.4931 - for March 14, 2013 (daily strategy)

EurJpy bouncing off from intermediary support line and ahead of 124.00. Stay long for now Trend News

Technical outlook and chart setups:

Looking into the structure, it remains unchanged from what was discussed yesterday. It needs to be noted here, that prices are bouncing off from the short-term support line ahead of 124.00. This should be encouraging for bulls to rally further beyond 126.00 level in the sessions to come by. The next lined up resistances are at 127.00 and 127.90; while intermediary support is just below 124.00, followed by 121.00 and 119.00. Strong swing supports are at 117.00 and 116.50 levels respectively. It is still recommended to hold long positions for a push ahead of 126.00 and challenge the swing highs at 128.00. As seen here, the uptrend line, which was broken earlier, is also providing the necessary space and angle for prices to rally further. Looking higher for now.

Trading recommendations:

Stay long, stop is at 123.50, and target is open.

Good Luck!

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GbpChf rally accelerates higher than 1.4240/50. Reduce risk on long positions Trend News

Technical outlook and chart setups:

As expected and seen here on the 4H chart view, the single currency pair has managed to post a rally above 1.4250 level at the moment. Also please note that the counter trendline (shown here) has been clearly broken by price action and hence it is safe to assume a rally further up towards 1.4450 level. Intermediary support is still at 1.4030 level, followed by 1.4; while intermediary resistance is at 1.4280, followed by 1.4350 and higher up. Looking into the wave structure again, the AB boundary is 1.4 to 1.4280. The retracement has bounced off from the 0.786 Fibonacci retracement level, and extension is around 1.4450 level, as depicted here. Looking higher at least in the short term.

Trading recommendations:

Remain long, (1.4150/60), move stop to 1.4150 (breakeven), and target is at 1.4450.

Good Luck!

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



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