Technical analysis of Silver for January 06, 2014 Trend News

Technical outlook and chart setups:

1. Silver rallied back above the $20.00 level after printing lows at $18.70/80 levels last week. It is recommended to remain flat at the moment.

2. Immediate resistance is at $20.50 level followed by $21.50 (the fibonacci 0.618), $23.00 and higher, while support is at $18.70/80 followed by $18.00, respectively.

3. The structure reveals that a break of $20.50 and subsequently $21.00 would shift focus higher towards a possible trend reversal. Till $20.50 is intact, prices should move lower towards $17.50/60.

Trade recommendations:

Remain flat for now. Aggressive traders may go short with stop at $21.00.

Good luck!

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



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Technical analysis of Gold for January 06, 2014 Trend News

Technical outlook and chart setups:

1. Gold has risen past the $1,230.00 level after printing lows at $1,182.00 last week. Please note that it is at the 0.618 fibonacci resistance in $1,230.00/40.00 region.

2. Immediate resistance is at $1,245.00 followed by $1,250.00, $1,267.00 and higher, while support is at $1,182.00 followed by $1,180.00, respectively.

3. The structure reveals that a break of December lows at $1,182.00 would further push prices towards $1,150.00/60.00. On the other hand, a break of $1,250.00 and subsequently $1,267.00 would confirm that trend is reversing.

Trade recommendations:

Initiate short positions now ($1,236.00/37.00), stop is at $1,250.00, target is $1,150.00/60.00.

Good luck!

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



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Technical analysis of EUR/JPY for January 06, 2014. Trend News

Technical outlook and chart setups:

1. As seen here, on the 4H chart, the single currency pair has broken its immediate line of support. Recommended trade strategy should be to sell on rallies. It looks like a meaningful top has been set at the 145.50 level.

2. Immediate resistance is in the 144.30/50 region followed by 145.50, while support is at 141.00 followed by 138.00 on the lower side. A counter trend rally could materialize anytime.

3. The entire structure reveals that EUR/JPY might have set a meaningful top at resistance 145.50. A huge retracement could be underway towards atleast 138.00. Ideal place to enter short would be around the 144.00/50 region.

Trade recommendations:

Initiate short positions around the 144.00/50 region, stop is at 146.00, target is open.

Good luck!

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



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Technical analysis of GBP/CHF for January 06, 2014 Trend News

Technical outlook and chart setups:

1. The single currency pair has been stalled at the 0.786 retracement/resistance of the down swing from 1.4900 to 1.4350 recently. It is still recommended to remain short and also plan to add more around the current price 1.4850/60.

2. Immediate resistance is at the 1.4900/50 level, while supports are spread through 1.4600 followed by 1.4350, 1.4200, and 1.4050, respectively. A push through 1.4650 would accelerate down side.

3. The structure reveals that GBP/CHF should continue drifting lower towards the 1.4200 and 1.4000 levels, respectively. The 1.4950 level should remain intact though.

Trade recommendations:

Remain short, stop is at 1.4950, target is 1.4000

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 Technical analysis of GBP/CHF for January 06, 2014 . Thanks for your support on Technical analysis of GBP/CHF for January 06, 2014