EUR/USD - key level of 1.2880 - for March 29, 2013 (daily strategy) Trend News

Yesterday the euro raised its head after the downward pressure, rejecting the level of 1.2750. Now it is trading above the 1.2820 level. If you noticed the pair is trading below the 200 day moving average, which adds the pair a bearish outlook in the medium term. Therefore, do not buy at the current levels unless the pair trades back above the 200 day moving average periods. On the other hand if the pair rejects this level, we can sell below 1.2875 with objectives to the level of 1.2750 and below to the level of 1.2640. On the other hand, if the pair closes above 1.2880, we can buy with objectives to the psychological level of 1.30 and to closing the gap at 1.3174. The Momentum Indicator is in positive territory, showing a recovery in the euro for the next few days.

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 EUR/USD - key level of 1.2880 - for March 29, 2013 (daily strategy) . Thanks for your support on EUR/USD - key level of 1.2880 - for March 29, 2013 (daily strategy)

GBP/USD - sell below 1.5145 - for March 29, 2013 (daily strategy) Trend News

Earlier this month the pound sterling hit a minimum at 1.4830. This pair has recovered positions for more than 400 pips, which now trades at 1.52 level, from a daily perspective this pair now trades below the long-term bearish channel (red), and over the short-term bullish channel (green). We must be attentive to these levels, since the breakdown of the short-term bullish channel could push down the pair to the 1.4930 level, strong support on the weekly charts. We believe the pair should have a more prolonged decline because the momentum indicator is in overbought area getting ready for a bearish signal in the coming days. Therefore we recommend selling below the uptrend line with objectives to 1.4930.

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 - sell below 1.5145 - for March 29, 2013 (daily strategy) . Thanks for your support on GBP/USD - sell below 1.5145 - for March 29, 2013 (daily strategy)

AUD/USD - bearish outlook - for March 29, 2013 (daily strategy) Trend News

Losing positions against the dollar and after reaching the roof of the bearish channel, this pair is trading under downward pressure; the break of 1.0410 could accelerate the fall of the Aussie to 1.0373 fractal level and line of the moving average 200 days. If the pair closes below this level, the next bottom is left as support in 1.03, as the final objective. The MACD indicator is showing a bearish signal. Therefore, we recommend selling this pair, if given a pullback to the area of 1.0460, with short-term objectives to 1.03.

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 AUD/USD - bearish outlook - for March 29, 2013 (daily strategy) . Thanks for your support on AUD/USD - bearish outlook - for March 29, 2013 (daily strategy)

Silver likely form double bottom around 28.00 Trend News

Technical outlook and chart setups:

Looking into the 4H structure here, prices have surprisingly fell aback 28.00 level. This could be best seen as a possible double bottom formation at 28.00 level, which is also defined as the 0.785 Fibonacci support for the entire upswing from sub 26.00 level to 35.00 level in 2012. Please also note that the area of 27.70/80 is also falling in line here as a support extension of the counter trend that had begun from 35.00 level earlier. Support is at 28.00, followed by 27.50 and lower; while immediate resistance is now at 29.20/30 levels. A break higher 29.20/30 would be required now to confirm a double bottom in place. Holding long positions is still favorable, at least till next trading session on Monday.

Trading recommendations:

Hold long positions, stop is at 27.00, 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 Silver likely form double bottom around 28.00 . Thanks for your support on Silver likely form double bottom around 28.00

Gold targeting 1,660.00. Probable rally would resume next week. Remain long Trend News

Technical outlook and chart setups:

The yellow metal has retraced lower up to 1,585.00 level as we had been discussing earlier. Believe it or not, these intraday dips are excellent buy opportunities. It is expected that the rally should materialize by next week, taking prices towards 1,660.00 level. Supports are seen from 1,570.00 level, followed by 1,560.00, 1,555.00, 1,550.00, and 1,525.30; while resistance remains fixed at 1,650/60, 1,680/85, 1,700.00, and higher. The current price action may seem like testing too much patience for traders, but the breakout results shall be equally rewarding. Persistence remains key here. It is recommended to utilize all dips as buying opportunities from here on.

Trading recommendations:

Remain long, stop is at 1,550.00, 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 targeting 1,660.00. Probable rally would resume next week. Remain long . Thanks for your support on Gold targeting 1,660.00. Probable rally would resume next week. Remain long

EurJpy holds 119.00 support well. Looking to rally again Trend News

Technical outlook and chart setups:

Looking into the 4H chart view here, the single currency pair has been holding 119.00 support level well till now. We are looking for a bottom formation possibility around 120.00 level for an extended rally further ahead. The extensions for rally from 119.00 level to 126.00 are pointing towards 130.00 at least. For this to be confirmed, prices need to rally above 122.50 level. Even if prices do not register fresh highs, a 3 wave structure would be required to be complete before falling down further below 119.00 level. Resistance is lined up from 124.50, followed by 126.00, 127.00, and 127.90 on the higher side. Support remains fixed at 119.00 as immediate level, followed by 117.50 and lower. It is recommended to remain long for now, till prices are above 119.00.

Trading recommendations:

Remain long, stop is at 118.50, 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 EurJpy holds 119.00 support well. Looking to rally again . Thanks for your support on EurJpy holds 119.00 support well. Looking to rally again

GbpChf holds 1.4530 till now. Preparing for April fall Trend News

Technical outlook and chart setups:

After having discussed the larger wave possibility, a 4H view is presented here that would stick to immediate formations. As seen here, the single currency pair exceeded 1.4450 yesterday before reversing sharply and also below the inner support line. The rally after can be termed as retracement till now, which is providing another opportunity to go short again. As discussed earlier, immediate resistance is at 1.4530 level, and till the time prices are lower, bears would remain in control. Support is lined up from 1.4300, followed by 1.4200, 1.4030 and just below 1.4 level. It is still recommended to remain short for a possible breakdown for.

Trading recommendation:

Remain short, stop is above 1.4550, and target is 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 holds 1.4530 till now. Preparing for April fall . Thanks for your support on GbpChf holds 1.4530 till now. Preparing for April fall