Technical analysis of GBP/CHF for November 03, 2014 Market Analysis Review

Technical outlook and chart setups:

The GBP/CHF pair rallied to 1.5435 levels and is pulling back on the 4H chart view seen here. Please note that the pair has hit fibonacci 0.786 resistance (of the fall between 1.5550 to 1.4975), and a bearish reversal confirmation here would resume its 3rd wave on the lower side. The counter trend line is passing through 1.5200/50 levels for now, and a break there would accelerate downfall. Resistance is seen at 1.5450 and 1.5550, while support is seen at 1.5225, followed by 1.5100, 1.4975 and lower respectively. It is recommended to remain short, risk remains above 1.4550 and also look to add fresh positions at current levels. Bears are expected to regain control till prices stay below 1.5550.

Trading recommendations:

Remain short, set stop at 1.5550, target is open.

Good luck!

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



For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of GBP/CHF for November 03, 2014 . Thanks for your support.

Technical analysis of Silver for November 03, 2014 Market Analysis Review

Technical outlook and chart setups:

Silver droppeds to $15.75 levels in the early hours today before pulling back to $15.94/95 levels. The metal is producing a hammer on the daily chart view, which indicates a potential bottom. Yet, recommendations are to remain on sidelines and wait for a confirmation. Support is around $14.60 and lower, while resistance is seen at $17.80/$18.00, followed by $18.80 and higher respectively. Bears seem to be firmly in control till prices stay below $17.50 and subsequently $17.80. The larger time frame chart views indicate a potential bottom formation around $16.00 levels. It can be confirmed on a bullish reversal signal on the daily chart.

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 daily market trends and news you may visit via Technical analysis of Silver for November 03, 2014 . Thanks for your support.

Weekly forecast and trading recommendation on EUR/USD for November 03-07, 2014 Market Analysis Review

The pair saw a fourth monthly consecutive decline. During the previous week the FED finished its QE program and BOJ surpriseв markets with its QE program. The US dollar has been dominating against its peers. The pair has downside support at 1.2300 and 1.2270, 200Msma. The pair opened on a bearish note in the brand new month. This is the fourth consecutive month opened on a bearish note. This week the key economic data will be released on Thursday, November 06, 2014. The ECB will release its monetary policy stance.

Weekly forecast for November 03-07

The pair has weekly resistance at 1.2606 and 1.2686 levels. As we recommended earlier the pair favors selling on every rise. Our short-term targets exist at 1.2200 and 1.18 in the long term. The same we have been recommending for the last couple of months. In the H4 chart, we can clearly see the triangle breakdown and closing below it. The height of the triangle is 280 pips. As the triangle height from the base, the downside target exists at 1.2325 levels. Until the prices close below the descending trend line in the h4 chart, use every rise to sell for the downside targets at 1.2480, 1.2440, 1.2400, 1.2360 and 1.2325 levels. On the other side, the pair has resistance at 1.2583, 35DEMA, above this, 1.2632 and 1.2660 will act as strong resistance levels.

Support: 1.2480 1.2360 1.2325

Resistance: 1.2583 1.2632 1.2660

Trade:

Selling for targets 1.2480, 1.2440, 1.2400, 1.2360 and 1.2325

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



For detail explanation and best discovery on daily market trends and news you may visit via Weekly forecast and trading recommendation on EUR/USD for November 03-07, 2014 . Thanks for your support.

Technical analysis of Gold for November 03, 2014 Market Analysis Review

Technical outlook and chart setups:

Gold dropped to $1,160.00 levels taking out long positions yet again. A weekly chat view has been presented here for a larger trend view. A support trend line connecting the 2004/05 and 2008/09 lows is passing through the $1,150.00/$1,160.00 levels. The fibonacci 0.618 support of the rally between $680.00 and $1,900.00 is also passing through the $1,154.00 levels as depicted here. Furthermore, a past resistance turned support is also converging at the same levels. With all the above views, probabilities are high that the metal should bottom out between $1,150.00 and $1,160.00 levels. A bullish reversal signal should be watched for on the daily chart before confirming the same.

Trading recommendations:

Remain flat for now. Signal confirmation is required between $1,150.00 and $1,160.00 levels.

Good luck!

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



For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of Gold for November 03, 2014 . Thanks for your support.

Technical analysis of EUR/USD for November 03, 2014 Market Analysis Review

When the European market opens, some economic news will be released such as Spanish Manufacturing PMI, Italian Manufacturing PMI, Final Manufacturing PMI. The US will release the economic data too such as the Final Manufacturing PMI, ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices, Total Vehicle Sales, so amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.2521.

Strong Resistance:1.2514.

Original Resistance: 1.2502.

Inner Sell Area: 1.2490.

Target Inner Area: 1.2461.

Inner Buy Area: 1.2432.

Original Support: 1.2420.

Strong Support: 1.2408.

Breakout SELL Level: 1.2401.

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 daily market trends and news you may visit via Technical analysis of EUR/USD for November 03, 2014 . Thanks for your support.

Technical analysis of USD/JPY for November 03, 2014 Market Analysis Review

In Asia, Japan will not release any economic statistics, but the US will release some economic data such as Final Manufacturing PMI, ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices, Total Vehicle Sales. So there is a big probability the USD/JPY will move with low volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 113.29.

Resistance. 2: 113.07.

Resistance. 1: 112.85.

Support. 1: 112.57.

Support. 2: 112.35

Support. 3: 112.13.

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



For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of USD/JPY for November 03, 2014 . Thanks for your support.

Weekly technical levels of EUR/USD for November 3-7, 2014 Market Analysis Review

Weekly technical levels for the EUR/USD pair.

Trading recommendations :

• The price of the EUR/USD pair is going to continue to bearish sentiment from the level of 1.2600. Also, it should be noted that the minor resistance will set at the price of 1.2592 which coincides with the weekly pivot point for November 3-7, 2014. Accordingly, it will be a good sign to sell below 1.2592/1.2600 with the first target of 1.2480 to test a minor support at this price. Also, it will call for downtrend in order to continue its bearish movement towards 1.2416. Equally important, the support will set at the 1.2416 level (the weekly support one). Additionally, it should be noted that a range today will be about 71 pips. However, the stop loss should be placed above 1.2600 at the price of 1.2633.

General idea about the pivot point .

• Resistance 3 and support 3 are considered to be clear indicators of the maximum range of extreme volatility, though it is possible to pass them through. Pivot lines work well in the sideways markets, as the prices are most likely to be located between the resistance 1 and support 1 lines. Within a strong trend, the price is expected to be lower than the pivot point line and continue moving. If the breaking news released may affect the market, the price is likely to go straight through resistance 1 or support 1 and even reach resistance 2 and resistance 3 or support 2 and support 3. If the trend breaks resistance or support through, it is likely to result in a significant price movement, it is also referred to as breakout.

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



For detail explanation and best discovery on daily market trends and news you may visit via Weekly technical levels of EUR/USD for November 3-7, 2014 . Thanks for your support.

Weekly technical levels of GBP/USD for November 3-7, 2014 Market Analysis Review

Weekly technical levels for the GBP/USD pair.

Trading recommendations :

• The price of the GBP/USD pair has still moved between 1.6040 and 1.5923. The weekly pivot point is set at the price of 1.6039. Also it should noted that the weekly pivot point will act as a major resistance on November 3, 2014. Consequently, we expect that the trend is going to call for a bearish market at the level of 1.6040 in H1 chart. Additionally, it should be noted that the range today will be about 82 pips. Shortly after that, sell at the price of 1.6040 with the first target of 1.5945 in order to form a double bottom, , it might resume to 1.5900 to test the weekly support 1 today. However, the stop loss should never exceed your maximum exposure amounts. Hence, the stop loss should be placed above the weekly pivot point at the 1.6066 level.

Date : November 3, 2014.

The trend movement among resistances and supports.

• If the price is at pivot point, watch for a move back to resistance 1 or support 1.


• If the price is at resistance 1, expect a move to resistance 2 or back towards pivot point.


• If the price is at support 1, expect a move to support 2 or back towards resistance 1.


• If the price is at support 2, expect a move to support 3 or back towards support 1.


• If the price is at resistance 2, expect a move to resistance 3 or back towards resistance 1.

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



For detail explanation and best discovery on daily market trends and news you may visit via Weekly technical levels of GBP/USD for November 3-7, 2014 . Thanks for your support.

Daily analysis of GBP/USD for November 03, 2014 Market Analysis Review

On the daily chart, the GBP/USD continues to find strong bearish pressure at the level of 1.6146, because this pair has formed several fractals in that area. Now, the GBP/USD is consolidating below the level of 1.6046 and the next target in the medium term, it would be the support level of 1.5883. It should be noted that this level is very strong and has slowed further declines in the GBP/USD. The MACD indicator is entering overbought zone.

Dailychart's resistance levels: 1.6046/1.6146

Daily chart's support levels: 1.5883/1.5746

The GBP/USD has made a rebound on the level of 1.5950, an area that has caused this pair performs range movements in the H1 chart. However, it is likely that the GBP/USD make a bullish retracement to the resistance level of 1.6031. But the pair still has plans to make a breakout of the support level 1.5980 and then fall to the level of 1.5925. The MACD indicator remains in positive territory, favoring the completion of a bullish retracement in this chart.

H1 chart's resistance levels: 1.6031 / 1.6075

H1 chart's support levels: 1.5980 / 1.5925

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 1.5980, take profit is at 1.5925, and stop loss is at 1.6035.

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



For detail explanation and best discovery on daily market trends and news you may visit via Daily analysis of GBP/USD for November 03, 2014 . Thanks for your support.

USD/CAD intraday technical levels and trading recommendations for October 31, 2014 Market Analysis Review

Overview:

Two months ago, the bearish swing (initiated in March 2014) was stopped at the price level of 1.0620. This price level corresponded to the lower limit of the channel as well as the backside of a steeper bearish one.

A bullish breakout off the movement channel took place in August. Since then, the pair has been trending-up within the depicted bullish channels.

Bulls were pushing beyond the upper limit of the movement channel in mid-October. The USD/CAD pair looked overbought on the daily chart then.

Few days ago, the USD/CAD pair tested the upper limit of the steeper channel. This corresponded to the price level of 1.1370. Immediate bearish rejection was expressed as anticipated after such a long bullish swing resulting in a bearish correction towards 1.1200.

As anticipated, 4H fixation below 1.1230 - 1.1210 ( 50% Fibonacci level ) allowed the bears to push towards 1.1100 where bullish recovery was expressed as anticipated this week.

Today, the bulls have pushed further above price level of 1.1300. Note that price level of 1.1330 corresponds to the backside of the broken channel as well as previous bearish spikes on the daily chart.

Bearish rejection should be anticipated. Thus, a good short position may be offered there.

Recommendations:

The current price levels up to 1.1350 probably offers a valid SELL entry with SL located just above 1.1385.

Target levels should be set as 1.1160 then 1.1100 to come next.

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



For detail explanation and best discovery on daily market trends and news you may visit via USD/CAD intraday technical levels and trading recommendations for October 31, 2014 . Thanks for your support.

USDCAD Daily Analysis - November 3, 2014 Forex Analysis

USDCAD broke above 1.1265 resistance, indicating that the downtrend from 1.1385 had completed at 1.1121 already. The pair is now in uptrend. Further rise to test 1.1385 resistance could be expected, a break above this level will signal resumption of the longer term uptrend from 1.0810 (Aug 29 low), then next target would be at 1.1500 area.

For more short term forex analysis and info visit via USDCAD Daily Analysis - November 3, 2014 . Thanks for your support.

USDCHF Daily Analysis - November 3, 2014 Forex Analysis

USDCHF broke above 0.9687 resistance. Further rise could be expected after a minor consolidation, and next target would be at 0.9900 area. Support levels are at 0.9635 and 0.9600, as long as these levels hold, the uptrend will continue.

For more short term forex analysis and info visit via USDCHF Daily Analysis - November 3, 2014 . Thanks for your support.

USDJPY Daily Analysis - November 3, 2014 Forex Analysis

USDJPY's upward movement from 105.32 extended to as high as 112.98. Further rise could be expected after a minor consolidation, and next target would be at 115.00 area. Support levels are at 111.70 and 111.15, as long as these levels hold, the uptrend will continue.

For more short term forex analysis and info visit via USDJPY Daily Analysis - November 3, 2014 . Thanks for your support.

AUDUSD Daily Analysis - November 3, 2014 Forex Analysis

AUDUSD continued its sideways movement in a range between 0.8642 and 0.8910. As long as 0.8910 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 0.9401 (Sept 5 high), another fall to 0.8400 area is possible after consolidation. Only break above 0.8910 resistance could signal completion of the downtrend.

For more short term forex analysis and info visit via AUDUSD Daily Analysis - November 3, 2014 . Thanks for your support.

GBPUSD Daily Analysis - November 3, 2014 Forex Analysis

GBPUSD stays in the trading range between 1.5874 and 1.6226. The price action in the range is likely consolidation of the downtrend from 1.6524, another fall to 1.5600 area is still possible after consolidation, and a breakdown below 1.5874 support could signal resumption of the downtrend. On the upside, a break of 1.6226 resistance will indicate that the downtrend had completed at 1.5874 already, then further rise to 1.6400 area could be seen.

For more short term forex analysis and info visit via GBPUSD Daily Analysis - November 3, 2014 . Thanks for your support.

EURUSD Daily Analysis - November 3, 2014 Forex Analysis

EURUSD broke below 1.2500 support, indicating that the downtrend from 1.3700 (Jul 1 high) has resumed. Further decline could be expected, and next target would be at 1.2200 area. Near term resistance is at 1.2570, only break above this level will indicate that lengthier consolidation for the downtrend from 1.3700 is needed, then further rise to 1.2780 area could be seen.

For more short term forex analysis and info visit via EURUSD Daily Analysis - November 3, 2014 . Thanks for your support.