03/22/15 ~ Best and Easy Analyst News

Sunday 22 March 2015

Technical analysis of Silver for March 23, 2015 Market Analysis Review

Technical outlook and chart setups:

Silver has pushed through initial resistance at $1,188.00/90.00 as seen here. The metal is expected to take a dip lower before continuing its uptrend towards sub $18.00 as depicted here. Bulls are poised to remain in control untill prices remain above the level of $15.30. Immediate support is seen at $16.00 now, followed by $15.80, $15.30, and lower while resistance is seen at $17.40/50, followed by $17.80/90 and higher respectively. The fibonacci 0.618 support of the recent rally from $15.30 to $16.80/90 is seen at the level of $15.80.

Trading recommendations:

Remain long, stop at $15.00, 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 Silver for March 23, 2015 . Thanks for your support.

Technical analysis of Gold for March 23, 2015 Market Analysis Review

Technical outlook and chart setups:

Gold had formed the bottom at the level of $1,143.00 and pushed higher through the level of $1,187.00 since then. The metal is expected to pullback lower before resuming towards $1,220.00. A push above the level of $1,190.00 could break the resistance line and open doors for higher levels as seen here. It is recommended to remain long for now and add further on dips as well. Immediate support is seen at $1,160.00, followed by $1,140.00/43.00 and lower while resistance is seen at $1,220.00, followed by $1,280.00 and higher respectively.

Trading recommendations:

Remain long stop at $1,130.00, target is open,

Good luck!

Daily analysis of major pairs for March 23, 2015 Market Analysis Review

EUR/USD: All eyes are on the EUR/USD pair, which has proven that EUR is not ready to reach parity with USD soon. On Wednesday, March 18, 2015, the market skyrocketed by over 450 pips, before being corrected lower. The perpetual bullish effort has already resulted in a Bullish Confirmation Pattern in the market, and thus the resistance lines at 0.0900 and 0.1000 may be reached this week.

USD/CHF: Recently and in the foreseeable future, everything happens to the USD/CHF pair is likely to be largely determined by the events affecting the EUR/USD pair, especially in a negatively correlated manner. The resistance levels at 0.9900 and 1.0000 are poised to frustrate the effort of bulls, as the price mulls over the attainment of the support levels at 0.9700 and 0.9600.

GBP/USD: The prices for GBP/USD and EUR/USD are acting in a similar way, for both of them are positively correlated. The recent bearish outlook has been put in jeopardy and it is in a precarious position now. More buying pressure is expected on the cable this week, and the distribution territories around 1.5050 and 1.5150 may eventually be overcome.

USD/JPY: This is a bearish market now, but short trades should be sought with caution. While the demand levels at 119.50 and 119.00 could be tried, there is also a possibility that the price may go upwards towards the supply levels at 121.50 and 122.00.

EUR/JPY: A onperpetual bullish effort has posed a great threat to the extant bearish outlook. A movement above the supply zone at 140.00 would render the bearish outlook completely invalid. This trading instrument may rally this week.

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 major pairs for March 23, 2015 . Thanks for your support.

Elliott wave analysis of EUR/NZD for March 23 - 2015 Market Analysis Review

Technical summary:

The decline from 1.4631 (the top of wave iv) has already broken below a low of wave iii at 1.4289 confirming that wave v lower to 1.4079 is unfolding. In the short term, the minor resistance at 1.4340 should protect the upside for a decline towards 1.4079. A break above 1.4340 is going to confuse the picture, but only a break above resistance at 1.4425 is likely to indicate that the bottom is in place.

Trading recommendation:

We are short EUR from 1.4545 and will move our stop lower to 1.4345. We are late in the decline, but it should be possible to sell near 1.4300 with a stop place at 1.4345 for a decline to 1.4079.

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 Elliott wave analysis of EUR/NZD for March 23 - 2015 . Thanks for your support.

Elliott wave analysis of EUR/JPY for March 23 - 2015 Market Analysis Review

Technical summary:

The failure to break below support at 128.24 questioned whether more downside would be seen. We have labeled the rally of the 126.87 as a possible complex correction, but the size of this rally already seems to be of a larger proportion that all of the decline from 135.29, which could mean that we are looking at a new uptrend. If a new uptrend is unfolding, then we should see a firm break above 133.18 for a move above 136.69 before a larger correction can be expected. However, if this rally fails before resistance at 131.72, the rally of a low of 126.87 is likely to be a complex red wave iv correction.

Trading recommendation:

We are long EUR from 130.05 and will place stop at 129.50.

USDCAD Daily Analysis - March 23, 2015 Forex Analysis

USDCAD stays in the trading range between 1.2447 and 1.2835. The sideways movement could be expected to continue over the next several days. Key support is at 1.2447, as long as this level holds, one more rise towards 1.3500 is still possible.

For more short term forex analysis and info visit via USDCAD Daily Analysis - March 23, 2015 . Thanks for your support.

USDJPY Daily Analysis - March 23, 2015 Forex Analysis

USDJPY remains in downtrend from 122.02, the rise from 119.29 could be treated as correction of the downtrend. Support is at 119.29, a breakdown below this level could signal resumption of the downtrend, then next target would be at 118.00 area.

For more short term forex analysis and info visit via USDJPY Daily Analysis - March 23, 2015 . Thanks for your support.

AUDUSD Daily Analysis - March 23, 2015 Forex Analysis

AUDUSD moved sideways in a range between 0.7560 and 0.7912 for several months. As long as 0.7912 key resistance holds, the price action in the range could be treated as consolidation of the long term downtrend from 0.9504 (Jul 1, 2014 high), another fall towards 0.7000 is still possible after consolidation.

For more short term forex analysis and info visit via AUDUSD Daily Analysis - March 23, 2015 . Thanks for your support.

GBPUSD Daily Analysis - March 23, 2015 Forex Analysis

GBPUSD stays in the trading range between 1.4634 and 1.5162. The sideways movement could be expected to continue over the next several days. Resistance is at 1.5162, as long as this level holds, another fall towards 1.4000 is still possible after consolidation.

For more short term forex analysis and info visit via GBPUSD Daily Analysis - March 23, 2015 . Thanks for your support.

EURUSD Daily Analysis - March 23, 2015 Forex Analysis

EURUSD continued its sideways movement in a range between 1.0462 and 1.1045. Resistance is at 1.1045, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 1.3993 (May 8, 2014 high), another fall towards 1.0000 is still possible after consolidation.

For more short term forex analysis and info visit via EURUSD Daily Analysis - March 23, 2015 . Thanks for your support.