Silver prints fresh lows. Flat for now Trend News

Technical outlook and chart setups:

A compressed daily chart view has been depicted here to look into overall, consolidation structure since last several months. Sub 26.00 level has been support, while resistance line has been sloping from 38/39 levels to 35.00 level. Immediate resistance is at 29.50, followed by 32.30, 34.10 and higher up; while support is around 26.00 region. Prices have reached pretty close to the support band of 26.00 and a reaction should be expected here. A bullish bounce should encourage bulls while a break below 26.00 would be a paradigm shift in trend. It is recommended to remain flat at least till tomorrow.

Trading recommendations:

Remain flat for now.

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 prints fresh lows. Flat for now . Thanks for your support on Silver prints fresh lows. Flat for now

Gold breaks below 1,550.00. Flat for now Trend News

Technical outlook and chart setups:

A compressed daily chart view has been depicted here for looking into entire consolidation after having been stopped out yesterday at 1,550.00. As seen here, the yellow metal has been locked in a huge trading range between 1,525/30 (line of support) and 1,790/95 (line of resistance). After dislocating all anticipated supports, the metal has now approached, and is trading extremely close to 1,530/40 levels where the line of support is also passing. This is the ultimate make or break scenario for Gold in the coming sessions. A bullish bounce here would be enough proof to again go long for a reversal ahead of 1,530/40 levels. On the flip side, a breakdown now would make a dramatic shift in the trend. It is recommended to remain flat for now, at least for 1-2 trading sessions.

Trading recommendations:

Flat for now. Waiting for bounce or a break.

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 breaks below 1,550.00. Flat for now . Thanks for your support on Gold breaks below 1,550.00. Flat for now

EurJpy rallies breaking counter-trend lines. Hold long positions. Utilize dips as buying opportunities Trend News

Technical outlook and chart setups:

After a long wait and multiple tests of support at 119.00 level, the single currency pair raises to 122.00 level, as seen here. All the sloping down trendlines of resistances were broken and the prices have also taken out resistances at 120.50 and 121.70. Therefore, it is recommended to hold existing long positions and also buy on dips towards 121.00 level from here on. Immediate support is fixed at 119.00 level, followed by 117.00 and lower; while resistances are lined up at 124.00, 126.00, 127.00, and 127.90 respectively. Looking into the existing wave structure, a high above 126.00 still remains possible. Hold on to longs for now.

Trading recommendations:

Hold long positions, stop is at 119.00, 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 EurJpy rallies breaking counter-trend lines. Hold long positions. Utilize dips as buying opportunities . Thanks for your support on EurJpy rallies breaking counter-trend lines. Hold long positions. Utilize dips as buying opportunities

GbpChf falls below 1.43 before pulling back. Book partial profits if sold higher Trend News

Technical outlook and chart setups:

The single currency pair falls to initial support around 1.4300 as discussed yesterday. If selling has been made at higher levels, it is recommended to book partial profits. Resistance remains intact at 1.4530 level, while next support level is around the 1.4200 mark, followed by 1.4150 (the counter trend support line is passing across). A temporary pullback is expected higher around 1.4350 level before the resumption of fall towards 1.4200 from here on. Therefore, it is recommended to sell rallies and hold short positions for now. Bottom line: Looking lower till 1.4530 remains intact.

Trading recommendations:

Remain short, stop is at 1.4530, 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 falls below 1.43 before pulling back. Book partial profits if sold higher . Thanks for your support on GbpChf falls below 1.43 before pulling back. Book partial profits if sold higher