Silver remains locked in trading range between 28.50 and 29.10/20 Trend News

Technical outlook and chart setups:

Looking into the 4H chart view depicted here the metal continues to range trade between 28.50 (support boundary) and 29.10/20 (resistance boundary). It continues for several trading sessions and believe it or not, a powerful range breakout would materialize soon. Trading bias remains on the higher side, looking into the overall swing structure that has been unfolding since last several months (July-August 2012). The entire upswing rally from 26.00 to 35.00 has been retraced till 0.786 Fibonacci level at 20.00 recently. Hence support is intact at 28.00 level, and resistance is lined up from 29.50, followed by 30.20/25, 31.10/20 and higher. It is highly recommended to remain long for now or range trade between 28.50 (Buy) and 29.10/20 (sell). Then focus on buying a breakout.

Trading recommendations:

Hold long positions, add further on dips towards 28.50, stop is at 27.00, and targets are at 29.50, 30.30 and 31.20 at least.

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 remains locked in trading range between 28.50 and 29.10/20 . Thanks for your support on Silver remains locked in trading range between 28.50 and 29.10/20

EurJpy remains constructive above 121.50 level Trend News

Technical outlook and chart setups:

Looking into the 4H chart view here, the following facts should be noted. The inner support line shown here was broken earlier and the single currency pair has bounced off from sub 119.00 level as seen earlier. Furthermore, the same line is now providing space (back side angle, for prices to stage a rally above 128.00). Also, the sloping counter trend line has been broken, resistance at 126.00 was tested, and the same line has been back tested twice around 121.50 level. The expected swing should be in 3 steps at least, even if prices were to form a larger downswing. A fresh line around 127.00 or above would complete the swing structure from 119.00 in 3 steps. Please note that the possibility for prices to register fresh highs at 130.00 remains as well.

Trading recommendations:

Remain long, stop is at 121.00, and target at least 127.00.

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 EurJpy remains constructive above 121.50 level . Thanks for your support on EurJpy remains constructive above 121.50 level

GbpChf ready resume next downswing below 1.4 level Trend News

Technical outlook and chart setups:

A 4H chart view has been depicted here for the latest swing structure. The Line of Resistance was temporarily broken and prices rallied up to 1.44 level last week. But it needs to be noted that immediate resistance at 1.4520/30 has not been breached yet. Hence it is advisable to trade along with larger trend, which is down. As seen, the inner support trend line seems to be giving way at the moment for prices to move lower towards the counter trend line. Immediate resistance is just above 1.4500; while support is just below 1.4200 level, followed by 1.4030 and 1.4 respectively. Keeping above structure in mind, it is recommended to stay short till prices are below 1.4520/30 levels. Bottom line: Looking lower for now with resistance at 1.4520/30.

Trading recommendations:

Remain short, add further if possible, stop is above 1.4550, and target below 1.4.

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 ready resume next downswing below 1.4 level . Thanks for your support on GbpChf ready resume next downswing below 1.4 level