Daily analysis of major pairs for February 27, 2014 Trend News

EUR/USD: There has been a pullback on the EUR/USD, and the price is currently trading below the resistance level at 1.3700. The bullish outlook is not yet completely over, except the price trades below the support level at 1.3650. Some fundamental figures will also be released today, and they will have some impact on the market.

USD/CHF: There has been a rally on the USD/CHF and the price is currently trading above the support level at 0.8850. The bearish outlook is not yet completely over, except the price trades above the resistance level at 0.8950. There are some fundamental events taking place today. They will have impact on USD as well as this pair.

GBP/USD: This market continues to stay in an equilibrium phase, with no significant movement in favor of the bear or the bull. However, there would soon be a breakout this week or next week. Where would the price go when this happens? The RSI period 14 is neutral, but the EMAs 11 and 56 show some confirmation of the bullish outlook. Therefore, it is more probable that the price would break out to the upside in due course.

USD/JPY: This pair continues to move in a tight range. Unless you’re a scalper, you may want to stay away from this market until there is a clear directional breakout and protracted movement in that direction. Then, new orders may be sought. Right now, this market is not attractive to swing traders.

EUR/JPY: The cross is consolidating to the downside; being a threat to the bulls. But in reality, the price needs to close below the demand zone at 139.50 before a bearish signal could be established. Otherwise, the market would go up.

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



For detail explanation and best discovery on market trends you may visit via Daily analysis of major pairs for February 27, 2014 . Thanks for your support on Daily analysis of major pairs for February 27, 2014

Technical analysis of Silver for February 27, 2014. Trend News

Technical outlook and chart setups:

1. Silver pulls back ahead of $23.00 level yesterday. It is recommended to use this fall as opportunity to initiate long positions around $20.50/00 levels. Aggressive trade setup is to initiate short positions around $21.80 region, risk is $22.50.

2. Immediate resistance is at $23.00, followed by $23.50, while supports are spread through $20.50, $20.00, $19.00 and lower respectively.

3. The entire structure reveals that Silver has formed an intermediary top at sub $22.00 levels now. Prices are expected to reach at least $20.50/00 in a corrective manner. Buying on dips should be the preferred trade strategy.

Trading recommendations:

Aggressive trade strategy is to sell around $21.80, stop is at $22.50, target is at $20.50.

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 Silver for February 27, 2014. . Thanks for your support on Technical analysis of Silver for February 27, 2014.

Technical analysis of Gold for February 27, 2014. Trend News

Technical outlook and chart setups:

1. Gold finally gives in to lower side, just ahead of major resistance at $1,361.00 level. A meaningful retracement can now be expected hence aggressive trading recommendations are to initiate short positions between $1,336.00 and $1,338.00. Risk remains at $1,348.50.

2. Immediate major resistance is seen at $1,361.00/62.00, followed by $1,375.00, while supports are spread through $1,307.00, followed by $1,320/30, $1,310.00 and lower.

3. The structure reveals that Gold could be initiating a meaningful retracement towards at least $1,287.00 level. Please note that $1,240.00 is the fibonacci 0.618 support and $1,210.00 is backside of the trend line, which is strong support now.

Trading recommendations:

Initiate short positions at $1,336.00/38.00, stop at $1,348.50, target $1,285.00

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 Gold for February 27, 2014. . Thanks for your support on Technical analysis of Gold for February 27, 2014.

Technical analysis of EUR/JPY for February 27, 2014 Trend News

Technical outlook and chart setups:

1. The EUR/JPY pair is showing signs of a possible top and reversal from 141.00 levels. It is recommended to remain short for now, risk remains at 143.00. A break of 139.00 would accelerate downside.

2. Immediate resistance is at 142.00, followed by 143.00 and 145.50, while supports are spread through 136.00, followed by 134.00 and 131.00 respectively.

3. The structure indicates that a lower top could have formed at 141.00 now. Bears should remain in control and continue dragging prices lower from here. A break through 136.00 (trend line support) would intensify the fall.

Trading recommendations:

Remain short, stop is above 143.00, 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 Technical analysis of EUR/JPY for February 27, 2014 . Thanks for your support on Technical analysis of EUR/JPY for February 27, 2014

Analysis of gold for February 27, 2014 Trend News

Gold finished its 4-day rally. Gold fell from its overbought levels almost 1%. The US dollar became stronger after the new home sales data printed above expectations. The recent rally in gold was made by weak economic data posted recently. Continuing weak economic data from the major economies is indicating shifting funds towards safe heavens. SPDR gold trust holdings rose 0.26% to 803.7 tonnes.

Today traders eye Yellen's testimony, unemployment claims and Core durable goods orders. China imported 90 tonnes of gold net last month. China overtook India as the largest gold consuming nation. In the technical front gold stood at overbought levels. Yesterday in my report, I analysed Gold vs RSI. Exactly gold fell from that levels, $1,346.0 is a strong resistance level.

Technical analysis - In the Asia's trading session gold is trading at the level of $1,329.0. Our only concern is the overbought signals in the daily chart, otherwise gold is in a strong uptrend towards $1,361.0, if it trades above $1,346.0.

Downside-

· $1,321.0 - $1,318.0 is the major support zone.

· A day close below the level of $1,318.0 will push gold towards $1,307.0, $1,300.0, and $1,286.0.

· A daily closure below $1,245.0 will chage the trend.

· RSI favors the downside in the daily chart.

Upside-

· $1,335.0 and $1,346.0 are the strong resistance zones

· Sl at $1,318.0 is for longs

· RSI favours the upside in the hourly chart (pullback)

· A day close above the level of $1,336.0 will move gold towards $1345.0 and $1,361.0.

Recommendations-

• Longs with sl at $1,318.0, close above $1,336.0 then only hope for next up move. Until then, sell on rallies.


• On positional basis, until the price trades above the level of $1,346.0, we can't see higher levels.

$1,245 < $1,286 < $1,300 < $1,307 < $1,320-$1,318 > $1,336 > $1,346 > $1,361

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



For detail explanation and best discovery on market trends you may visit via Analysis of gold for February 27, 2014 . Thanks for your support on Analysis of gold for February 27, 2014

Technical outlook of USD/SGD for February 27, 2014 Trend News

USD/SGD remains in a downtrend from 1.2806, January 23, 2014 high, and it extended its fall to 1.2560. The pair has been making good support at the level of 1.2560. Currently, the pair is trading in a range of 1.2560-1.2685. Further move will possible only on a breakout to either side. In the daily chart RSI favours to long side, whereas in the hourly chart RSI favours to short one. It means the pair will come down to the support levels before further up move. Major weakness is only below 1.2560 towards the level of 1.2520 and 1.2447. The pair is facing resistance at the levels of 1.2670-1.2683. If the pair breaks out of the range on the upside, it may further move towards 1.2765 and 1.2806.

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 outlook of USD/SGD for February 27, 2014 . Thanks for your support on Technical outlook of USD/SGD for February 27, 2014

Technical analysis of USD/CHF for February 27, 2014 Trend News

In Wednesday's trading session the pair came out of the range in higher side 0.8915 and it made a high at the level of 0.8931. The pair faced resistance at 21DEMA. In the daily chart oscillators are giving a positive direction, but as per the hourly chart oscillators basis, the pair will come back to retest the support levels of 0.89, 0.8896, and 0.8889, and then move to higher levels. The pair remains in a downtrend from 0.9082, February 2, 2014 high, and it extended its fall to 0.8853. We can see the level of 0.8500 if the price breaks 0.8800.

During the Asian trading session, the pair is trading at the level of 0.8906.

S1 0.8900 R1 0.8930

S2 0.8890 R2 0.8945

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 USD/CHF for February 27, 2014 . Thanks for your support on Technical analysis of USD/CHF for February 27, 2014

Technical analysis of USD/CAD for February 27, 2014 Trend News

New home sales data boosted the US dollar. it was the strongest data from the housing market. USD/CAD remains in a downtrend from 1.1224, January 31, 2014 high, and it extended its fall to 0.0910. The pair again tried to cross the previous high from the low of 0.0910, but it was unable to cross it. In yesterday's trading session the pair showed a good sign of recovery. The pair made a double bottom at the level of 1.1055 this week. Any major weakness is only below this level. In the daily and hourly charts, the RSI is not comfortable for more upside. In the hourly chart, the pair may face resistance at the level of 1.1144.

During the Asian trading session the pair is trading at the level of 1.1133.

Intraday-

S1 1.1110 R1 1.1144

S2 1.1087 R2 1.1172

S2 1.1073 R2 1.1195

Intraday recommendation-

Sell with sl at 1.1144 and targets at 1.1124, 1.1113, 1.1102, and 1.1089.

Buy above 1.1145 with targets at 1.1172 and 1.1195.

Positional recommendation-

Hold longs with sl at 1.1055.

Sell below 1.1055 with targets at 1.0934.

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 USD/CAD for February 27, 2014 . Thanks for your support on Technical analysis of USD/CAD for February 27, 2014

Technical analysis of GBP/CHF for February 27, 2014 Trend News

Technical outlook and chart setups:

1. The GBP/CHF pair rallied as expected yesterday. A push through 1.4950/60 levels is still required to confirm that bulls would remain in control further. Recommendations are to remain long for now. Risk can be reduced to 1.4700 levels.

2. Immediate support is at 1.4620/30 (intermediary), followed by 1.4550, 1.4350 and lower, while resistance is spread through 1.4950/60 (intermediary), followed by 1.5120/30 respectively.

3. The structure reveals that bulls would regain control if prices breach 1.4950/60 levels from here on. On the other hand, a break down of 1.4620/30 would indicate that further weakness is due towards 1.44 and 1.42 respectively.

Trading recommendations:

Remain long for now. Move stop to 1.4700.

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 February 27, 2014 . Thanks for your support on Technical analysis of GBP/CHF for February 27, 2014

Technical analysis of EUR/USD for February 27, 2014 Trend News

When the European market opens, some economic news will be released such as German Import Prices m/m, German Prelim CPI m/m, German Unemployment Change, M3 Money Supply y/y, rivate Loans y/y, Italian 10-y Bond Auction.The US will release the economic data such as the US-Core Durable Goods Orders m/m, US-Unemployment Claims, US-Durable Goods Orders m/m, US-Fed Chair Yellen Testifies, US-Natural Gas Storage, so amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.3753.

Strong Resistance:1.3744.

Original Resistance: 1.3731.

Inner Sell Area: 1.3718.

Target Inner Area: 1.3685.

Inner Buy Area: 1.3652.

Original Support: 1.3639.

Strong Support: 1.3626.

Breakout SELL Level: 1.3617.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.3639 and 1.3731. The rate is accompanied by strong support at 1.3626 and by 1.3744 as strong resistance.

If EUR/USD breaks out and closes below the 1.3617 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3753 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3652 and at 1.3718, a SELL position. In this case both targets should be placed at the level of 1.3685.

Disclaimer:

Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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 EUR/USD for February 27, 2014 . Thanks for your support on Technical analysis of EUR/USD for February 27, 2014

Daily analysis of USDX for February 27, 2014 Trend News

Daily chart: The USDX made a bullish rebound above the support level of 80.11, so the USDX is trying to consolidate above the 80.35 level. If the USDX does make a breakout at that level, it would be expected to rise to the resistance level of 80.62. These movements may be a change in the trend, since the USDX has formed a fractal below the support level of 80.11. The MACD indicator is entering positive territory.

H4 chart: The USDX has consolidated above the support level of 80.15 and now the USDX has found resistance at the 200-day moving average, which is also the 200 SMA. Now, the USDX is forming a lower high pattern below the resistance level of 80.44. If the USDX manages to consolidate above this level, it would be expected to rise to the level of 81.00. The MACD indicator is in positive territory.

H1 chart: As in the H4 chart, the USDX is forming a bullish pattern above the support level of 80.35 and the 200-day moving average. It is very likely that the USDX will rise to the resistance level of 80.59. If the USDX does make a breakout at that level, it would be expected to rise to the level of 80.73. The MACD indicator is in the overbought zone and into neutral territory.

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 80.59, take profit is at 80.73, and stop loss is at 80.45.

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



For detail explanation and best discovery on market trends you may visit via Daily analysis of USDX for February 27, 2014 . Thanks for your support on Daily analysis of USDX for February 27, 2014

Daily analysis of GBP/USD for February 27, 2014 Trend News

Daily chart: GBP/USD found support at the level of 1.6663. However, the bullish outlook remains alive in this pair, as the GBP/USD is making corrective movements and there is still the possibility that this pair will rise to the resistance level of 1.6766. On the other hand, a breakout at that support level could lead the GBP/USD to change the current trend in this chart. The MACD indicator is in the overbought zone and into negative territory.

H4 chart: The GBP/USD stays above the bullish trend line near the 1.6630 level, so this pair remains robust in the bullish bias. However, if the pair manages to make a breakout at the 1.6667 level, it's expected to rise to the level of 1.6785. Moreover, the 200-day moving average is very close to this pair, so it is very likely that this pair will fall to that level. The MACD indicator is in negative territory.

H1 chart: This pair made a bullish rebound above the 200-day moving average near the support level of 1.6629. However, this pair found resistance at the point of control near the 1.6690 level. However, if the GBP/USD can overcome that area, it would be expected to strengthen the bullish bias in this chart. The MACD indicator is in the oversold zone and into positive territory.

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.6700, take profit is at 1.6750, and stop loss is at 1.6650.

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



For detail explanation and best discovery on market trends you may visit via Daily analysis of GBP/USD for February 27, 2014 . Thanks for your support on Daily analysis of GBP/USD for February 27, 2014

Technical analysis of USD/CAD for February 27, 2014 Trend News

Overview :

• As expected, the USD/CAD pair rebounded at the level of 1.1190, and it showed signs of strength following the level of 1.1060. Additionally, the resistance has broken and turned to support at the same key level (1.1058). Equally important, the price set above the support seven days ago. Consequently, the pair has already formed a strong support at 1.1060. Furthermore, the price has still been trapped between 1.1150 and 1.1110. Therefore, the USD/CAD pair started showing the signs of bullish market, so the market indicates the bullish opportunity at the level of 1.1060 with the first target of 1.1140, and continues towards the level of 1.1190 again. On the other hand, the stop loss should always be in account, hence it will of the wisdom to set your stop loss at the 1.1025 price.

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 USD/CAD for February 27, 2014 . Thanks for your support on Technical analysis of USD/CAD for February 27, 2014

Technical analysis of NZD/USD for February 27, 2014 Trend News

Overview :

• The NZD/USD pair did not show any signs of following the break of the highest level of 0.8340. Furthermore, the price opened below the ratio of 61.8% Fibonacci retracement levels (0.8334), as well as the resistance is set at the 0.8340 level on February 27, 2014. Therefore, it will be a good sign to sell below the level of 0.8340 with the first target of 0.8260 and resume to 0.8220, but it should be noted the double bottom is going to set at the price of 0.8242. However, in case a reversal takes place and the NZD/USD pair breaks through the support level of 0.8220, the market will lead to futher decline to 0.8180 today in order to indicate a correctional movement at this level. Meanwhile, the daily chart represents a strong support at 0.8180. Moreover, the EMA25 (red color) has to cross over the EAM50 (green color), it would be strong confirmation for the bullish market in the long term.

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 NZD/USD for February 27, 2014 . Thanks for your support on Technical analysis of NZD/USD for February 27, 2014

Daily analysis of silver for February 26, 2014 Trend News

Overview

From today's H4 chart we see that the metal is still trading between the support level of 21.25 and below the resistance level of 21.75. Silver failed to break the resistance level yesterday and bounced from it. It took a slightly downward move and currently it is retesting the support level of 21.25 again. Presently, we suggest waiting for closing above the resistance level of 21.75 in case it bounces from the support level to give us a new opportunity for more buy signals with the first target of few pips below the resistance level of 22.00. After breaking this resistance level, silver would open the way towards the rResistance level of 22.20, which means more bullish signals.

Resistance and support levels: R3 (22.20), R2 (22.00), R1 (21.75), S1 (21.25), S2 (20.90), S3(20.50).

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



For detail explanation and best discovery on market trends you may visit via Daily analysis of silver for February 26, 2014 . Thanks for your support on Daily analysis of silver for February 26, 2014

GOLD analysis for February 26, 2014 Trend News

Overview:

Since our last analysis, gold has been trading upwards, the price tested the level of 1,345.33. The Gold is around critical resistance area at the price of 1,338.00. We got FR 61.8% at the price of 1,338.00 and that level is critical. According to daily chart, we can see average volume and low range of the bar, which signals that buying gold at this stage looks very risky. Anyway, to confirm further downward movement, we need to see stronger supply on the market on high volume. Otherwise, if the price breaks the level of 1,345.00 on high volume, we may see more upward movement and potential testing the level of 1,395.00 (FE 161.8%) before any larger downward movement. My advice is to watch for potential bearish movement.

Daily pivot Fibonacci points:

Resistance levels:

R1: 1,343.59

R2: 1,346.47

R3: 1,351.13

Support levels:

S1: 1,334.27

S2: 1,331.39

S3: 1,326.73

Trading recommendation: Trading the metal, be careful with buying since Gold is on critical area and we are also on the high new ground.

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 analysis for February 26, 2014 . Thanks for your support on GOLD analysis for February 26, 2014

EUR/NZD analysis for February 26, 2014 Trend News

Overview:

Since our previous analysis,the EUR/NZD pair has been trading downwards, the price tested the level of 1.6458. Our previous analysis is still active. We can observe selling climax at the price of 1.6470. Our upper stations still valid, so major upper station is a level around the price of 1.6790 (FE 100%). We also got submajor upperstations at the price of 1.6620 and 1.6665 (previous swing highs). Potential levels fot the end of bearish corrective phase are FE 100% at the price of 1.6445 (almost tested), FR 38,2% at the price of 1.6510 and FE 61.8% at the price of 1.6415. We can also observe small cluster (blue shape) around the level of 1.6460. Be careful with selling since we may see the end of bearish corrective phase (abcd) and we also got selling climax on the low. EUR/NZD is in short- and mid-term bullish trend, so watch for buying opportunities on the dips and try to catch the bullish continuation phase.

Daily pivot Fibonacci points:

Resistance levels:

R1: 1.6526

R2: 1.6542

R3: 1.6570

Support levels:

S1: 1.6470

S2 : 1.6454

S3: 1.6426

Trading recommendation: Be careful with selling the EUR/NZD pair, watch for buying opportunities and try to catch the bullish continuation phase.

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/NZD analysis for February 26, 2014 . Thanks for your support on EUR/NZD analysis for February 26, 2014

#USDX Technical analysis for February 26, 2014 Trend News

The Dollar index has not moved much since yesterday, so we have no new signals to post. The index remains inside a neutral zone, with equal distance between resistance and support. We prefer to be neutral. If prices close at support at 80-79.90, we can try and go long in case a bounce occurs. If prices go near 80.40 resistance we could try to go short with the last high as a stop.

The Dollar index is making lower lows and lower highs and the 4-hour chart as shown above. Short-term trend is down. Support at 80-79.90 should be held for bulls to have any chance to re-test the black upward sloping trend line resistance.

The daily chart causes some concerns as the bearish flag has broken downwards and there is increased probability that we re-test 79.90 and/or 79.75. It is important for bulls to make a daily close above 80.40 in order to have chances of reaching 80.65 or even 81.

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



For detail explanation and best discovery on market trends you may visit via #USDX Technical analysis for February 26, 2014 . Thanks for your support on #USDX Technical analysis for February 26, 2014

Gold technical analysis for February 26, 2014 Trend News

The rise in Gold price has continued above $1,340 as well as the divergencies in RSI as can be seen in the 4-hour chart below. The trend remains up. The negative divergencies can continue for more time as Gold price rises and breaks above resistance levels. Next upward target is $1,360. Short-term support is found at $1,335 and the upward sloping trend line provides support at $1,330. The ichimoku cloud remains below Gold price providing support at $1,317.

Our preferred strategy because of the diverging signals of RSI and the continued upward move with higher highs and higher lows is to raise stops in order to stay inside this upward trend as much as possible. The $1,340 zone is very important as this is the 61,8% Fibonacci retracement from $1,433 to $1,180.

Next important resistance on the daily level is $1,370 where the 76,4% Fibonacci retracement is. A daily close below $1,305 will confirm the end of the upward move from $1,180. We remain bullish but we raise our stops to protect long positions.

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 technical analysis for February 26, 2014 . Thanks for your support on Gold technical analysis for February 26, 2014

Elliott Wave Analysis of USD/CAD for February 26, 2014 Trend News

USD/CAD Elliott Wave
The USD/CAD pair has been trading upwards after the wave [b] (coloured black) completed the down cycle from 1.1193 yesterday at the 1.1048 level. In the 1-hour chart of the pair, we can see that we are tracking this short-term uptrend as sub-waves i and ii (coloured black) of the the bigger wave (a) (coloured green), and while price remains above the 1.1048 level, we are going to look for more buying opportunity inside the iii wave (coloured black). In accordance with our wave rules and taking into account that wave iii should extend 161.8% of wave i, we can define the potential targets with measuring wave i with take profit at 1.1142 (161.8% of wave i). Swing term traders can also try this position, but they should hold the longs all the way towards the 1.1512 level, where we think Z wave (coloured red) should end the cycle. The RSI indicator on the smaller time frames, needs to provide us divergence at the end of the iii wave to confirm our view, and when you see that divergence you should look to close the trade.



Support and Resistance

(S3) 1.1018, (S2) 1.1036, (S1) 1.1060, (PP) 1.1078, (R1) 1.1102, (R2) 1.1120, (R3) 1.1144.



Trading forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin upward movements. That is why short positions at the level of 1.1085 with stop loss at 1.1042 and take profit at 1.1142 are recommended.

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



For detail explanation and best discovery on market trends you may visit via Elliott Wave Analysis of USD/CAD for February 26, 2014 . Thanks for your support on Elliott Wave Analysis of USD/CAD for February 26, 2014

Elliott wave analysis of EUR/NZD for February 26, 2014 Trend News

Today's Support and Resistance levels:

R3: 1.6567

R2: 1.6538

R1: 1.6498

Current spot: 1.6477

S1: 1.6460

S2: 1.6445

S3: 1.6410

Technical summary:

The failure to break clearly above 1.6509 keeps the 1.6445 target alive. Short-term minor resistance at 1.6498 should protect the upside for the last decline towards the 1.6445 target to end wave 2 and set the stage for wave 3 higher. Only a break above minor resistance and more importantly a break above resistance at 1.6538 indicates that wave 2 is over and wave 3 is developing for a rally higher towards at least 1.7141.

Trading recommendation:

We are long in EUR from 1.6510 and have placed stop at 1.6210. If you are not long in EUR yet, then buy EUR at 1.6450 or upon a break above resistance at 1.6538 with the same stop at 1.6210.

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



For detail explanation and best discovery on market trends you may visit via Elliott wave analysis of EUR/NZD for February 26, 2014 . Thanks for your support on Elliott wave analysis of EUR/NZD for February 26, 2014

Elliott Wave Analysis of AUD/USD for February 26, 2014 Trend News

AUD/USD Elliott Wave
Since our last analysis, the AUD/USD pair has continued trading upwards, that is why we have adjusted our primary elliott wave count, and we are now looking at the corrective wave B (coloured blue) as the double three correction instead of simple A-B-C pattern. In the 1-hour chart of the AUD/USD pair above, we can see that we are labeling yesterday's ascending movements from the 0.8956 towards 0.9025 as the sub-wave (b) of the bigger wave [y], and while price remain below the 0.9050 region our focus remain on the downside. In accordance with our wave rules and taking into account that wave [y] should extend 100% of wave [w], we can define the potential targets with measuring wave [y] with take profit at 0.8901 (100% of wave A). Alternate count: Since we already have corrective pullback from the top at the 0.9080 level, we can consider the B wave as already completed cycle at the 0.8933 level, and if we see a break above 0.9050 we are going to look for 0.9080-0.9100 region region right away.



Support and Resistance (S3) 0.8958, (S2) 0.8981, (S1) 0.8998, (PP) 0.9021, (R1) 0.9038, (R2) 0.9061, (R3) 0.9078.



Trading forecast
Proceeding from Elliot Wave rules today, the trend is expected to begin the downward movements. That is why short positions at the level of 0.9020 with stop loss at 0.9080 and take profit at 0.8901 are recommended.

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



For detail explanation and best discovery on market trends you may visit via Elliott Wave Analysis of AUD/USD for February 26, 2014 . Thanks for your support on Elliott Wave Analysis of AUD/USD for February 26, 2014

Elliott wave analysis of EUR/JPY for February 26, 2014 Trend News

Today's Support and Resistance levels:

R3: 141.87

R2: 141.29

R1: 140.83

Current spot: 140.62

S1: 140.37

S2: 140.13

S3: 139.74

Technical summary:

The minor triangle broke towards the downside for a test of support at 140.13 before renewed upside pressure emerged. Besides the small detour has changed nothing, and we are still looking for a move higher towards the ideal target at 142.26 before the x-wave from 136.23 finally comes to and end and the next decline towards the 38.2% corrective target of the rally from 94.10 to 145.69 sets in.

Trading recommendation:

We will sell EUR at 142.00.

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



For detail explanation and best discovery on market trends you may visit via Elliott wave analysis of EUR/JPY for February 26, 2014 . Thanks for your support on Elliott wave analysis of EUR/JPY for February 26, 2014

Technical analysis of USD/CAD for Febuary 26, 2014 Trend News

General overview for 26/02/2014 08:15 CET

The corrective wave progression to the upside has been temporary labeled as wave (iv) blue and currently another leg to the downside is anticipated to complete the overall impulsive structure. The invalidation line for blue impulsive count is at the level of 1.1111 and any breakout above this level means the correction will be more complex and time consuming.The target level for wave (v) blue is still at the grey rectangle area between the levels of 1.1016 - 1.1024.

Support/Resistance:

1.1016 - 1.1024 - Target level for wave (v)

1.1052 - Intraday support

1.1075 - Weekly pivot

1.1090 - Intraday resistance

1.1111 - Invalidation line

1.1167 - 1.1192 - Supply zone

Trading recommendations:

Sell stop orders should be opened from the level of 1.1050 with SL above the level of 1.1076 and TP at the level of 1.1024 with a possible downside extension.

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 USD/CAD for Febuary 26, 2014 . Thanks for your support on Technical analysis of USD/CAD for Febuary 26, 2014

Technical analysis of EUR/JPY for Febuary 26, 2014 Trend News

General overview for 26/02/2014 08:00 CET

The anticipated wave c purple has been finished and the overall corrective structure in wave (ii) blue might be finished now. Currently, the key level to the upside is at the level of 140.72, where the descending golden intraday trend line provides the dynamic resistance so far. Any breakout above this level is bullish and the next level of resistance would be 141.02 and 141.25. On the other hand, breakout failure would mean a further downside extension with the first support at the level of 140.30 and second support at the level of 139.83.

Support/Resistance:

141.10 - 141.25 - Supply zone

141.02 - Intraday resistance

140.72 - Key level

140.52 - Weekly pivot

140.30 - Intraday support

139.83 - WS1

Trading recommendations:

Buy stop orders should be opened if the level of 140.72 is violated, with SL below the level of 140.52 and TP at the level of 141.02 and 141.25.

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 EUR/JPY for Febuary 26, 2014 . Thanks for your support on Technical analysis of EUR/JPY for Febuary 26, 2014

Daily analysis of major pairs for February 26, 2014 Trend News

EUR/USD: There is still a Bullish Confirmation Pattern in the chart. The price is trading under the resistance line at 1.3750, and above the support line at 1.3700. The EUR/USD is currently consolidating, but a breakout in the direction of the dominant bias is soon expected.

USD/CHF: The USD/CHF remains in the bear market in spite of the slow and tardy movement of it. The price is trading under the resistance level at 0.8900 and above the support level at 0.8850. The pair is currently consolidating, but a breakout in the direction of the dominant bias is soon expected. At least, it should test the support level at 0.8850 very soon.

GBP/USD: Hitherto, the GBP/USD has been able to maintain its bullish bias because it has been able to maintain its stance above the accumulation territory at 1.6600. The bullish territory cannot be violated unless the price breaches this accumulation territory to the downside. A rally is possible from here.

USD/JPY: This currency trading instrument has been consolidating for about 3 weeks in a row – without a protracted trend confirmation pattern in the chart. Intraday strategies are recommended here, or better, scalping strategies. However, momentum would soon return to the market.

EUR/JPY: Here, we would continue to watch the supply levels at 141.50 and 142.00, for they are the immediate targets when there is a breakout in the market. The overall bias is bullish and it is highly probable that the price would go upwards when a breakout does happen.

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



For detail explanation and best discovery on market trends you may visit via Daily analysis of major pairs for February 26, 2014 . Thanks for your support on Daily analysis of major pairs for February 26, 2014