Technical analysis of EUR/USD for May 28, 2014 Trend News

When the European market opens, some economic news will be released such as German Import Prices m/m, French Consumer Spending m/m, German Unemployment Change, M3 Money Supply y/y, Private Loans y/y, Spanish HPI q/q, German 30-y Bond Auction.The US will not release any economic data for today, so amid the reports, EUR/USD will move with low volatility during this day.


TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.3700.

Strong Resistance:1.3691.

Original Resistance: 1.3678.

Inner Sell Area: 1.3665.

Target Inner Area: 1.3632.

Inner Buy Area: 1.3599.

Original Support: 1.3586.

Strong Support: 1.3573.

Breakout SELL Level: 1.3564. DESCRIPTION:

Today EUR/USD has support and resistance at 1.3586 and 1.3678. The rate is accompanied by strong support at 1.3573 and by 1.3691 as strong resistance.

If EUR/USD breaks out and closes below the 1.3564 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3700 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 1.3599 and at 1.3665, a SELL position. In this case both targets should be placed at the level of 1.3632. Best regards, Arief Makmur Official Analyst of InstaForexGroup InstaForex Group http://instaforex.com email: Arief.jakarta@indo.instaforex.com For more analysis go to: blog.mt5.com/arief My Profile: http://www.mt5.com/forex_analysis_award/profile/index/arief 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 May 28, 2014 . Thanks for your support on Technical analysis of EUR/USD for May 28, 2014

Technical analysis of USD/JPY for May 28, 2014 Trend News

In Asia, Japan will publish the BOJ Gov Kuroda Speech, and the US will not release any economic data for today. So there is a big probability the USD/JPY will move with low volatility during this day.

TODAY's TECHNICAL LEVELS:

Resistance. 3: 102.45.

Resistance. 2: 102.25.

Resistance. 1: 102.05.

Support. 1: 101.80.

Support. 2: 101.60.

Support. 3: 101.40. DESCRIPTION:

Please, pay attention to the levels of support 3 (101.40) and resistance 3 (102.45). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

Best regards, Arief Makmur Official Analyst of InstaForexGroup InstaForex Group http://instaforex.com email: Arief.jakarta@indo.instaforex.com For more analysis go to: blog.mt5.com/arief My Profile: http://www.mt5.com/forex_analysis_award/profile/index/arief 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 USD/JPY for May 28, 2014 . Thanks for your support on Technical analysis of USD/JPY for May 28, 2014

Technical analysis of EUR/JPY for May 28, 2014 Trend News

Technical outlook and chart setups:

1. The EUR/JPY pair is pulling back at the moment after printing 139.20/30 highs recently. Maximum downside is seen to be around 138.50/60 where a reaction could be expected and bulls could possibly resume. Recommendations are to remain long. risk remains below 138.00.

2. Support is seen at 138.00 (interim), followed by 136.00, 134.00 and lower, while resistance is seen at 141.00, 142.50/143.50, 144.00 and 145.50 respectively.

3. The structure indicates that EUR/JPY could resume rally towards 141.50/ 142.50 at least if not further.

Trading recommendations:

Remain long for now, add further around 138.50/60, stop at 138.00, 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 May 28, 2014 . Thanks for your support on Technical analysis of EUR/JPY for May 28, 2014

Intraday recommendations of GBP/USD for May 28, 2014 Trend News

The British bank mortgage approvals fell to the lowest level since August 2013. The British Bankers' Association said its members approved 42,173 mortgages in April, consecutive falling for 3 months, down from 45,045 in March. The negative data pushed the pound to lower levels with high volume compared to the previous three days.

Positional forecast-

GBPUSD held the lower trend line and pushed to resistance levels. In Asia's trading session, the pair opened above the 1.68 levels and is trading at 1.6811. The oversold levels saved the cable. On the down side, the cable has strong support at 1.678, 1.676 and 1.673 levels. On a positional basis, a day close below 1.676 (50-day SMA), bears will completely take control and send the pair towards 1.666, 1.655 and 1.6465 levels. The daily RSI still favors "selling the rise" strategy.

On the up side, the pair has strong resistance at 1.683-1.6840 levels, above which 1.6853, 1.6865 and 1.69 is the crucial resistance levels. Until the pair trades below 1.6921 on the downside, 1.666 is an inital open target. For the bull side, they can try to buy on dip with sl 1.676 on cb for a pull back.

Intraday-

The hourly momentum oscillators favor pull back side from the oversold levels. The cable is facing strong resistance at 1.6815. The intraday resistance was framed between 1.6815-1.6821. Safe traders can buy above 1.6822 for initial targets 1.6840, 1.6850 and 1.6888. The bulls must close above 1.6832 to prove their existence, if it closes below 1.6796, the bears will take control. On the down side, the pair has initial support at 1.678 levels, below this, the cable will fall to 1.6766, 1.6744 and 1.673 levels.

Recommendations-

Safe traders- buy above 1.6822 or wait for a dip at 1.6804-1.6790.

Sell below 1.6780, targets are 1.6766, 1.6744 and 1.6735.

Buy on the dips for 1-2 days perspective.

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



For detail explanation and best discovery on market trends you may visit via Intraday recommendations of GBP/USD for May 28, 2014 . Thanks for your support on Intraday recommendations of GBP/USD for May 28, 2014

Intraday recommendations for USD/CHF for May 28, 2014 Trend News

The pair has been enjoying its up trend from 0.87 levels. It rallied towards the 61.8 fib level exactly. We recommend to go short with sl 0.8990 on a closing basis, cmp 0.8968. The daily oscillators favor this view. In the up front, if the pair is able to cross 0.8990 on a cb, it will extend its rally towards 0.9050 levels, but the chances are remote. We expect the pair will go through a healthy correction up to 0.89, 0.888, 0.8876 and 0.8857 levels. On the down side, it has strong support at 0.8851 levels.

For intraday view, the pair looks weak below 0.8960 levels, it will fall up to 0.8955, 0.8940 levels. A break below 0.8940 it will extend the fall up to 0.8914, 0.888 and 0.8874 levels.

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



For detail explanation and best discovery on market trends you may visit via Intraday recommendations for USD/CHF for May 28, 2014 . Thanks for your support on Intraday recommendations for USD/CHF for May 28, 2014

Intraday analysis of gold for May 28, 2014 Trend News

Gold was hardly beaten by optimistic consumer confidence data. The released data fueled USD. The stronger US dollar covered gold with the red blanket sending it to lower levels. GDP, unemployment and pending home sales data will drive the metal towards $1,244 or $1,277 levels. The rough weather will impact the Q1 growth and we expect Q2 to be more optimistic than Q1.

On the down side, if the metal breaks the $1,259 level, sell for another bearish wave aiming at $1,244 initally and later $1,237, $1,223 and $1,213 levels. For intraday session, we are recommending to buy with strict sl $1,259 for $1,267.70, $1,269.5 and $1,273 levels. The metal must close above $1,273 to save another fall for $1,240 levels. In the H4 chart, the hourly momentum oscillators favor a pull back from the current oversold levels. In the highly bullish case we can expect $1,277, $1,278.7 and $1,284 levels (chances are remote)

The yellow metal melted to 61.8 fib level, in yesterday's session, in today's Asia's session, it hit low at $1,260.60 levels. Currently it is trading at $1,261.80 levels. Risky traders can try to buy at the cmp with strict sl at $1,259. The oversold levels saved the metal in early Wednesday's session.

The metal broke the symmetric triangle targeting at $1,244, $1,239, $1,223 and $1,213 levels. The next fall will take place below $1,259.

Recommendations- $1,261.80.

Intraday - buy with sl $1,259 for targets at $1,266, $1,267.70, $1,269.50, $1,273, $1,275 and $1,277 (above $1,273 only, next targets will be achieved).

Sell below $1,259 for targets $1,255.70, $1,252.20, $1,251.40, $1,246.80 and $1,244 levels.

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



For detail explanation and best discovery on market trends you may visit via Intraday analysis of gold for May 28, 2014 . Thanks for your support on Intraday analysis of gold for May 28, 2014

Technical analysis of EUR/USD for May 28, 2014 Trend News

EUR/USD

Traders are waiting for the ECB next meeting on June 5 to get a clear picture about the euro zone and its recovery. The economy of the euro zone grew only 0.2% that is well below the ECB's target at 2%. At the last meeting, Draghi clearly indicated that the ECB will take actions next time (June 5). The long-term deflation is the main concern for the euro zone recovery. This can impact the pair to drive towards 1.40/1.44 or 1.32 levels.

Long run forecast-

The pair has been in a down trend from 1.399 levels, making lower lows and lower highs for the last 4 consecutive weeks. On the down side, the pair has potential support at 1.36, below this, 1.356 is the strong support. The trend change activity will take place once it breaks below 1.3550 (weekly 50 SMA) levels. A break below 1.355 will lead to major crack to 1.3477, 1.34, 1.33 and 1.32 levels. The new bull run will start only above 1.40 for the immediate target at 1.44 levels.

Weekly basis- crucial resistance is at 1.367.

The pair broke the 200-day EMA and well managed to close above this. A day close below the 200EMA, it will correct up to 1.3550 (weekly support). The daily momentum oscillators are giving a hope of recovery from the current levels or at the dip at 1.355 levels.

On the up side, the pair has strong resistance at 1.3640, above this, it can fly up to 1.367, 1.3688, 1.372 and 1.3735 levels. On the down side, the pair has a support zone between 1.3620-1.36, a break below this, sell for targets 1.3566 and 1.355 levels.

Intraday-

The pair is facing strong resistance at 1.3641, above this, 1.3670 and 1.3688 can be possible targets. On the down side, if the pair breaks 1.36, sell for the target of 1.355. The hourly momentum oscillators are still showing the positive divergence. We can expect a safe relief rally only above 1.367 for 1.37, 1.373, 1.375 and 1.3789 levels.

Recommendations- cmp 1.3634.

Buy above 1.3642, strong momentum is only above 1.367.

Sell below 1.3595.

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 May 28, 2014 . Thanks for your support on Technical analysis of EUR/USD for May 28, 2014

Technical analysis of USD/JPY for May 28, 20143 Trend News

Overview:

USD/JPY is expected to consolidate with bullish bias after hitting nine-day high at 102.14 on Tuesday. It is underpinned by the improved dollar sentiment on a surprising 0.8% increase in U.S. April durable goods orders (versus forecast for 0.7% fall); a rise in Conference Board U.S. consumer confidence index to 83.0 in May (matching forecast) from downwardly revised 81.7 in April (first reported as 82.3), stronger-than-expected 12.4% on-year rise in U.S. March S&P / Case-Shiller 20-city home price index (versus +11.8% forecast) and rise in Markit flash U.S. May services PMI to 26-month high of 58.4 in May from 55.0 in April. USD/JPY is also supported by the demand from Japan importers and positive risk appetite (S&P 500 hit all-time high 1,912.28 before closing up 0.6% at 1,911.91 overnight) on upbeat U.S. data, expectations of continued accommodative policies from the ECB and Federal Reserve. But USD sentiment is dented by drop in Dallas Fed's general business activity index to 8.0 in May from 11.7 in April. USD/JPY gains are also tempered by Japan exporter sales and lower longer-term U.S. Treasury yields as the yield curve flattened (10- & 30-year yields fell while 2- and 5-year yields edged higher overnight).

Technical Comment:

Daily chart is positive-biased as MACD and stochastics are bullish, five-day moving average is rising above 15-day MA.

Trading recommendation:
The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As far as the price is above its pivot point, a long position is recommended with the first target at 102.35 and the second target at 102.55. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 101.50. A breach of this target will push the pair further downwards and one may expect the second target at 101.20. The pivot point is at 101.70.

Resistance levels:

102.35

102.55

102.80

Support levels:

101.50

101.20

101

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/JPY for May 28, 20143 . Thanks for your support on Technical analysis of USD/JPY for May 28, 20143

Technical analysis of USD/CHF for May 28, 2014 Trend News

Overview:

USD/CHF is expected to consolidate with bullish bias after hitting three-and-a-half month high at 0.8982 on Tuesday. It is underpinned by the positive dollar sentiment, franc sales on soft CHF/JPY cross and on buoyant EUR/CHF cross and dovish Swiss National Bank's monetary policy stance. But CHF sentiment are soothed as Switzerland trade surplus widened to CHF2.4 billion in April from CHF2 billion in March. Daily chart is positive-biased as bullish outside-day-range pattern was completed on Tuesday; MACD and stochastics are bullish, although the latter is at overbought zone, five and 15-day moving averages are advancing.

Trading recommendation:

The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As far as the price is above its pivot point, a long position is recommended with the first target at 0.8985 and the second target at 0.9015. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 0.8910. A breach of this target will push the pair further downwards and one may expect the second target at 0.8885. The pivot point is at 0.8935.

Resistance levels:

0.8985

0.9015

0.9045

Support levels:

0.8910

0.8885

0.8850

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 May 28, 2014 . Thanks for your support on Technical analysis of USD/CHF for May 28, 2014

Technical analysis of GBPJPY for May 28, 2014 Trend News

Overview:

GBP/JPY is expected to range-trade. It is supported by the positive investor risk appetite and demand from Japan importers. But GBP/JPY upside is limited by the Japan exporter sales. Daily chart is mixed as MACD is bearish, but stochastics is rising from oversold zone.

Trading recommendation:

The pair is trading below its pivot point. It is likely to trade in a lower range as far as it remains below its pivot point. Short position is recommended with the first target at 171. A breach of this target will move the pair further downwards to 170.60. The pivot point stands at 171.95. In case the price moves in the opposite direction and bounces back from support level, and then it moves above its pivot point, it is likely to move further to the upside. In that scenario, a long position is recommended with the first target at 172.35 and the second target at 172.70.

Resistance levels:

172.35

172.70

173

Support levels:

171

170.60

170.20

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 GBPJPY for May 28, 2014 . Thanks for your support on Technical analysis of GBPJPY for May 28, 2014

Technical analysis of NZD/USD for May 28, 2014 Trend News

Overview:

NZD/USD is expected to trade with bullish bias fundamentaly, but technically it is expected to trade lower. It is supported by the news that Fonterra Co-operative Group forecast will pay its 10,500 farmer shareholders NZ$7.0 per kilogram of milk solids in the season that starts June 1 at the high end of the range the market was expecting. NZD/USD is also buoyed by Kiwi demand on NZD/JPY cross amid positive risk appetite, NZD-USD interest differential and reduced concerns over China's economy. But NZD/USD gains are tempered by the positive dollar sentiment. Daily chart is mixed as MACD is bearish, but stochastics turned bullish at oversold zone.

Trading recommendation:

The pair is trading below its pivot point. It is likely to trade in a lower range as far as it remains below its pivot point. Short position is recommended with the first target at 0.8520. A breach of this target will move the pair further downwards to 0.8485. The pivot point stands at 0.8575. In case the price moves in the opposite direction and bounces back from support level, and then it moves above its pivot point, it is likely to move further to the upside. In that scenario, a long position is recommended with the first target at 0.8595 and the second target at 0.8620.

Resistance levels:

0.8595

0.8620

0.8645

Support levels:

0.8520

0.8485

0.8450

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 May 28, 2014 . Thanks for your support on Technical analysis of NZD/USD for May 28, 2014

Daily analysis of USDX for May 28, 2014 Trend News

Daily chart: The USDX remains below the 200-day moving average, but the bullish bias remains intact in the USDX, so it is very likely that the USDX will perform a consolidation above the 200 SMA. However, if the USDX does make a breakout at the support level of 80.11, it's expected to fall to the level of 79.19. The MACD indicator is in the overbought zone.

H4 chart: The USDX has made a pullback at the level of 80.50, but the USDX remains above the support level of 80.35. If the USDX does make a breakout on the resistance level of 80.60, it's expected to rise to the level of 81.50 in the medium term, where there is a bullish trend line. The MACD indicator is in negative territory.

H1 chart: The USDX has met resistance above the level of 80.35, but now, the USDX is trying to make a breakout at that level again. If successful, it is expected to rise to the resistance level of 80.60. On the other hand, if the USDX makes a bearish rebound at current levels, it would be expected to fall to the support level of 80.15. The MACD indicator is in negative 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 80.35, take profit is at 80.59, and stop loss is at 80.10.

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 May 28, 2014 . Thanks for your support on Daily analysis of USDX for May 28, 2014

Daily analysis of GBP/USD for May 28, 2014 Trend News

Daily chart: The GBP/USD had a fall below the resistance level of 1.6851, but now, this pair is finding support at the bullish trend line. If the pair manages to make a breakout at the support level of 1.6766, it's expected to fall to the level of 1.6663, which might perhaps begin a new bearish trend in the long term. The MACD indicator is in negative territory.

H4 chart: The GBP/USD has found support at the 1.6785 level. If the pair manages to make a breakout at that level, it would be expected to fall to the level of 1.6762. On the other hand, if the GBP/USD manages to make a breakout at the 1.6822 level, it's expected to rise to the level of 1.6841. The MACD indicator is in negative territory.

H1 chart: This pair is finding support at the point of control, but now the GBP/USD is forming a bearish pattern above the support level of 1.6800. If the pair manages to make a breakout at that level, it would be expected to fall to the level of 1.6750. The MACD indicator is moving into positive territory.

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.6800, take profit is at 1.6750, and stop loss is at 1.6850.

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 May 28, 2014 . Thanks for your support on Daily analysis of GBP/USD for May 28, 2014

Daily analysis of for Silver May 27, 2014 Trend News

Overview

According to yesterday's expectations, the price’s close below the Support area of the upward trend line will give new opportunities for sell signals. Currently, the metal has already managed to close below the Support area then the Support level of 19.20 to trade below and open the way towards 19.00 which is tested right now .Firstly. The metal must test this Support level to get more bearish move till reaching 18.70 as second target. On the other hand, the metal's rebound from the Support level 19.00 cancels a bearish scenario.

Resistance and support levels: R3 (19.75), R2 (19.50), R1 (19.20), S1 (19.00), S2 (18.70)

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 for Silver May 27, 2014 . Thanks for your support on Daily analysis of for Silver May 27, 2014

Daily analysis of GBP/JPY for May 27, 2014 Trend News

Overview:

According to the today's H4 chart and as it was expected, the pair must have taken new bullish signals in case of closing 4H above the Resistance level of 171.50 after it was tested yesterday. Today, the pair took an upward movement and has managed to break the strong resistance area at 171.50, but immediately it bounced again from the Resistance level 172.00 to reverse its upward direction and currently the price is trading below the resistance level. More bullish signals are still expected in case of closing above this resistance level again with first target few pips below the resistance level of 172.75, hence we should wait for more confirmations before making the decision.

Resistance and support levels: R3 (172.75), R2 (172.00), R1 (171.50), S1 (171.00), S2 (170.00), S3 (169.75).

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/JPY for May 27, 2014 . Thanks for your support on Daily analysis of GBP/JPY for May 27, 2014

GBP/USD intraday technical levels and trading recommendations for May 27, 2014 Trend News

The pair has established recent support zone between 1.6765 and 1.6815 during February and March. These levels correspond to the previous tops in a successful Double Top pattern.

The depicted BLUE uptrend line remains intact since it was established in November 2013. However, this time the bulls are failing to achieve a higher high above the recent one around 1.6995.

On the 4H chart, strong bearish rejection was expressed off 1.6920 leading to bearish breakdown of the depicted bullish channel.

As long as the recent bottoms around 1.6735 and 1.6800 remains defended by the bulls, the market will keep developing bullish pressure to push above 1.6870 and 1.6900.

Four-Hour closure below 1.6825- 1.6800 will gather enough bearish momentum to push towards the prominent support levels located around 1.6750.On the other hand, bullish breakout above 1.6840 will expose 1.6900 and 1.6940 respectively.

The long-term perspective remains bearish aiming to form another bearish limb that would extend below 1.6730 ( the most recent bottom ).

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 intraday technical levels and trading recommendations for May 27, 2014 . Thanks for your support on GBP/USD intraday technical levels and trading recommendations for May 27, 2014

Technical analysis of USD/JPY for May 27, 20143 Trend News

Overview:

USD/JPY is expected to trade with a bullish bias. Spotlight on 1230 GMT U.S. April durable goods orders and 1400 GMT Conference Board U.S. May consumer confidence index. USD/JPY is underpinned by buying of yen crosses amid positive risk appetite (European stock markets closed higher Monday, with Stoxx Europe 600 up 0.5%, in thin trade due to a public holiday in the U.K. and the U.S.) on expectations of continued accommodative policies from the ECB and Federal Reserve, and continued impact from upbeat China May manufacturing PMI data. USD/JPY is also supported by the demand from Japan importers. But USD/JPY gains are tempered by the Japan exporter sales.

Technical Comment:

Daily chart is positive-biased as MACD and stochastics are bullish.

Trading recommendation:
The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As far as the price is above its pivot point, a long position is recommended with the first target at 102.10 and the second target at 102.35. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 101.50. A breach of this target will push the pair further downwards and one may expect the second target at 101.20. The pivot point is at 101.70.

Resistance levels:

102.10

102.35

102.60

Support levels:

101.50

101.20

101

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/JPY for May 27, 20143 . Thanks for your support on Technical analysis of USD/JPY for May 27, 20143

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

Overview:

USD/CHF is expected to consolidate in a lower range. It is undermined by the franc demand on buoyant CHF/JPY cross and on soft EUR/CHF cross. But USD/CHF losses are tempered by the dovish Swiss National Bank's monetary policy stance. Daily chart is still positive-biased as MACD and stochastics are bullish, although latter is at overbought zone, five and 15-day moving averages are advancing.

Trading recommendation:

The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As far as the price is above its pivot point, a long position is recommended with the first target at 0.8985 and the second target at 0.9015. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 0.8910. A breach of this target will push the pair further downwards and one may expect the second target at 0.8885. The pivot point is at 0.8935.

Resistance levels:

0.8985

0.9015

0.9045

Support levels:

0.8910

0.8885

0.8850

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

Technical analysis of GBPJPY for May 27, 2014 Trend News

Overview:

GBP/JPY is expected to trade in a higher range. It is supported by the positive investor risk appetite, improved euro sentiment, and demand from Japan importers. But GBP/JPY gains are tempered by Japan exporter sales. Daily chart mixed as MACD bearish, but stochastics bullish at oversold.

Trading recommendation:

The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As far as the price is above its pivot point, a long position is recommended with the first target at 171.95 and the second target at 172.35. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 170.60. A breach of this target will push the pair further downwards and one may expect the second target at 170.20. The pivot point is at 171.

Resistance levels:

171.95

172.35

172.85

Support levels:

170.60

170.20

169.65

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 GBPJPY for May 27, 2014 . Thanks for your support on Technical analysis of GBPJPY for May 27, 2014

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

Overview:

NZD/USD is expected to consolidate in a higher range after hitting near-one-month low at 0.8524 on Monday. It is supported by the Kiwi demand on NZD/JPY cross amid positive risk appetite, NZD-USD interest differential and reduced concerns over China's economy. But Kiwi sentiment is dented by the smaller-than-expected New Zealand April trade surplus. Daily chart is still negative-biased as five-day moving average is below 15-day MA and is declining, MACD and stochastics are bearish, although latter is at oversold zone.

Trading recommendation:

The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As far as the price is above its pivot point, a long position is recommended with the first target at 0.8580 and the second target at 0.8595. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 0.8510. A breach of this target will push the pair further downwards and one may expect the second target at 0.8485. The pivot point is at 0.8530.

Resistance levels:

0.8580

0.8595

0.8635

Support levels:

0.8510

0.8485

0.8450

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

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

Trading recommendations :

• On May 27, 2014 the NZD/USD pair is still moving between 0.8580 and 0.8510. Additionally, it should be noted that the minor support is going to set at the level of 0.8510 and the resistance has already set at 0.8580. So, we expect a range of 70 pips today. As it is known, history will probably repeat itself at this level again. Therefore, sell at the price of 0.8580 with the first target at 0.8535 in order to test the daily pivot point, then it will be gone towards 0.8510 (minor support). On the other hand, if the trend fails to close below the minor support (0.8510), hence buy above 0.8510 with a target at the price of 0.8577 today. Please check out the market volatility before investing, because the sight price may have already been reached and scenarios might have become invalidated.

Intraday technical levels :

Date and Time: 27/05/2014 14:22

Pair: NZD/USD

• R3: 0.8598


• R2: 0.8590


• R1: 0.8575


• PP: 0.8567


• S1: 0.8552


• S2: 0.8544


• S3: 0.8529

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

Technical analysis of GBP/USD for May 27, 2014 Trend News

Overview :

• Today, the market has been in downtrend since morning and started dropping form the level of 1.6880. Also, it should be noticed that the price of the GBP/USD pair opened below the weekly resistance 1 at the level of 1.6880. Additionally, the double top sets at 1.6920. Therefore, the market will probably indicate a bearish opportunity at the level of 1.6850 or/and 1.6880 in the short term. According to the previous events, the price is going to move between the price of 1.6860 and the 1.6780 price. Thenceforward, the area below 1.6860 (the weekly resistance 1) looks for further downside with the first target at the 1.6870 level and continue towards 1.6780 in order to test the weekly support in H1 chart. However, the stop loss should be placed at the price of 1.6940 (note: the double top sets at 1.6920).

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/USD for May 27, 2014 . Thanks for your support on Technical analysis of GBP/USD for May 27, 2014

GOLD analysis for May 27, 2014 Trend News

Overview:

Since our last analysis, gold has been trading downwards, the price tested the level of 1,281.46 on ultra high volume (selling climax) according to the 1H timeframe. According to the daily timeframe, we have got weak demand on low volume which caused price to start downward movement. Anyway we have got strong bullish reactions in the background from our support at 1,277.00 on higher volume, which is a sign that short-term selling looks very risky. According to the 1h timeframe, we can observe selling climax near the low and just after that no selling pressure on low volume, which is a sign that we may see possible bullish reaction. We can conclude that the price of 1,305.00 (swing low) is strong resistance and the level of 1,277.00-1,269.00 is strong support. Be careful with selling since the price is near support.

Daily pivot Fibonacci points:

Resistance levels:

R1: 1,293.92

R2: 1,294.62

R3: 1,295.77

Support levels:

S1: 1,291.62

S2: 1,290.92

S3: 1,289.77

Trading recommendation: Trading the metal, be careful with short-term selling since the price is near support.

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 May 27, 2014 . Thanks for your support on GOLD analysis for May 27, 2014

#USDX Technical analysis for May 27, 2014 Trend News

The Dollar index remains in a bullish trend where it makes higher highs and higher lows. However, as we mentioned in previous analysis, we should expect this downward pull back to reach the Ichimoku cloud near 80 support level again.

The Dollar index is above the Ichimoku cloud and above the short-term red trendline support. I believe that both the cloud and the trend line will provide enough support for the index to stage another upward reversal towards 80.40. Short-term support is found at 80.20 and at 80. Short-term resistance is found at 80.40 and 80.70.

The fact that the daily chart has broken above the Ichimoku cloud is a bullish sign. The Dollar index could pull back towards 80, but we believe it has reversed its longer-term trend upwards and we should expect during the following weeks to see a move towards 81-83.

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 May 27, 2014 . Thanks for your support on #USDX Technical analysis for May 27, 2014

Gold technical analysis for May 27, 2014 Trend News

Volatility has finally risen in Gold prices, and we finally saw a break out we were expecting to come. The tight price range of the triangle was preparing us for such a break out. Gold price has broken the $1,287 lower boundaries and is now testing support at $1,280.

Gold price in the 4-hour chart as shown above is below the Ichimoku cloud and price is making now lower lows and lower highs. Gold price is trending lower and should now break below support of $1,280 and $1,270. This will push price much lower towards $1,240-$1,220. Short-term resistance is found at $1,295 and at $1,305. A reversal above $1,305 will signal a fake break down and the new bullish target will be $1,330.

However, our most probable outcome will be a decline lower towards the 76.4% Fibonacci retracement in the area below and around $1,240. If we are in a bigger triangle pattern, we should expect prices to bounce from that area towards $1,300-$1,340. The longer-term view we have for Gold price remains bearish targeting near $1,000.

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 May 27, 2014 . Thanks for your support on Gold technical analysis for May 27, 2014

Elliott wave analysis of EUR/NZD for May 27, 2014 Trend News

Today's Support and Resistance levels:

R3: 1.6043

R2: 1.6021

R1: 1.5980

Current spot: 1.5934

S1: 1.5930

S2: 1.5907

S3: 1.5892

Technical summary:

We are still looking for the next impulsive rally higher soon. As we said yesterday a series of waves one and two has likely developed and we should soon see a series of waves three higher. Therefore, we expect a powerful rally soon to confirm that wave iii higher is developing for a rally towards at least 1.6179 and a break above here will confirm the bottom at 1.5744 and that a new long-term impulsive rally is developing.

Trading recommendation:

Stay long in EUR from 1.5858 and keep your stop at 1.5905. If you are not long in EUR yet, then buy near 1.5930 or upon a break above 1.5980 with the same stop at 1.5905.

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 May 27, 2014 . Thanks for your support on Elliott wave analysis of EUR/NZD for May 27, 2014

Elliott wave analysis of EUR/JPY for May 27, 2014 Trend News

Today's Support and Resistance levels:

R3: 139.74

R2: 139.30

R1: 139.15

Current spot: 139.14

S1: 138.72

S2: 138.56

S3: 138.38

Technical summary:

We are still looking for a rally a little higher towards the 139.74 corrective target before the next decline should be expected. That said we have to be aware of the possibility of a top being in place at any time now. To confirm that the top is in place, we need a break below 138.73 and more importantly a break below 138.56, which will call for a new impulsive decline below 138.14 towards 137.21.

Trading recommendation:

Sell EUR at 139.60 or upon a break below 138.73 with a stop at 141.25 expecting to be able to lower the stop quickly.

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 May 27, 2014 . Thanks for your support on Elliott wave analysis of EUR/JPY for May 27, 2014