Technical analysis of Silver for April 27, 2015 Market Analysis Review

Technical outlook and chart setups:

Silver had dropped to the level of $15.60 on Friday but it recovered to $15.85 as seen here. The metal produced a bullish morning star pattern on the 4-hour chart view indicating a potential rally ahead. It is hence recommended to remain long with risk below $15.30. Bulls might be poised to drag prices higher until the metal remains above $15.30 from here on. A push through the levels of $16.00 would confirm the same. Immediate support is seen at $15.60 followed by $15.30/40 and lower, while resistance is seen at $16.00 followed by $16.40/50, $17.40/50, and higher respectively.

Trading recommendations:

Remain long, stop is at $15.30, a target is open.

Good luck!

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Technical analysis of GBP/CHF for April 27, 2015 Market Analysis Review

Technical outlook and chart setups:

The GBP/CHF pair is pulling back from the level 1.4500 now and might be indicating that the top has beem formed around the same region. The pair is currently seen to be trading at 1.4469/70 and expected to drift lower from here on. It is hence recommended to book profits on long positions taken earlier and initiate short positions with risk around 1.4600. Immediate support is seen at the level of 1.4350 followed by 1.4200, 1.4100, and lower while resistance is seen at 1.4630 followed by 1.4800, 1.4900, and higher respectively.

Trading recommendations:

Book profits on long positions, initiate short positions, stop is at 1.4630, a target is open.

Good luck!

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Technical analysis of EUR/JPY for April 27, 2015 Market Analysis Review

Technical outlook and chart setups:

The EUR/JPY pair had rallied through the level of 130.00 before pulling back sharply on Friday. The pair is seen to be trading around 129.23/25 and at the trend-line resistance. Please note that the pair might have already entered into the buy zone on smaller time frames. It is hence recommended to initiate long positions around the level of 129.25 with risk at 128.00. Immediate support is seen at 127.50/75 followed by 126.00 and lower, while resistance is seen at 131.00/50 and higher respectively. Bulls might be preparing to extend rally through the level of 131.50 before producing a meaningful retracement.

Trading recommendations:

Initiate long positions, stop at 128.00, a target is open.

Good luck!

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Technical analysis of EUR/USD for April 27, 2015 Market Analysis Review

When the European market opens, some economic data on German Import Prices m/m are due for release.The US will publish data on the Flash Services PMI. So, EUR/USD will move low to medium volatility during this day amid the reports.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.0919.

Strong Resistance:1.0913.

Original Resistance: 1.0902.

Inner Sell Area: 1.0891.

Target Inner Area: 1.0866.

Inner Buy Area: 1.0841.

Original Support: 1.0830.

Strong Support: 1.0819.

Breakout SELL Level: 1.0813.

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.

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For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of EUR/USD for April 27, 2015 . Thanks for your support.

Technical analysis of USD/JPY for April 27, 2015 Market Analysis Review

In Asia, Japan will not release any economic data but the US is expected to release figures for Flash Services PMI. So, there is a sreong probability that the USD/JPY pair will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 119.57.

Resistance. 2: 119.34.

Resistance. 1: 119.10.

Support. 1: 118.82.

Support. 2: 118.59.

Support. 3: 118.35.

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 USD/JPY for April 27, 2015 . Thanks for your support.

Daily analysis of major pairs for April 27, 2015 Market Analysis Review

EUR/USD: this pair traded in a tight range until April 23, 2015, when it broke upwards owing to the stamina in the euro. The bullish outlook would be valid for this week (except the euro becomes weak – an event that can cause a reversal of the bullish trend).

USD/CHF: this market went upwards last week testing the resistance level at 0.9700. The short-term bullish movement was due to sudden weakness in CHF, for all CHF pairs were affected on the same day. As CHF eased on the following day, the price dived almost reaching the support line at 0.9500. The support line must be breached to the downside, for the bearish bias to continue to be in force. The failure to achieve this could cause another rally in the market.

GBP/USD: as the cable was strong an upward movement of 300 pips was witnessed in this market last week. From just below the accumulation territory at 1.4900, the price went upwards almost reaching the distribution territory at 1.5200. That distribution territory could be battered. if the price fails to close above it, we might witness a bearish correction.

USD/JPY: this is the type of market in which upswings and downswings are short-term in nature. However, a closer look reveals that bears currently have the upper hand and, as a result of this, we might see some selling pressure in force this week.

EUR/JPY: EUR/JPY consolidated last week but it broke upwards on April 23, 2015. The upward break enabled a Bullish Confirmation Pattern to be formed in the market, and the price might reach the supply levels at 130.50 and 131.00. This outlook would be valid as long as EUR does not sustain exponential weakness.

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Elliott wave analysis of EUR/NZD for April 27 - 2015 Market Analysis Review

Technical summary:

The rally from a low of 1.3880 keeps unfolding as a textbook rally. Red wave iii has become 361.8% the distance traveled in red wave i and after a small correction in red wave iv to 1.4208 the next impulsive rally above 1.4569 should be seen. The rally towards 1.4569 is likely to end the first impulsive rally from the low of 1.3880 and call for a correction of wave i towards at least 1.4208 and perhaps even lower to the area between 1.4076 - 1.4136 before a strong rally in wave iii should be expected.

Trading recommendation:

We are long EUR from 1.4055 and will move out stop higher to 1.4100 and place take profit at 1.4535. If you are not long EUR yet, then buy near 1.4208 with the same stop at 1.4100 and take profit at 1.4535.

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Elliott wave analysis of EUR/JPY for April 27 - 2015 Market Analysis Review

Technical summary:

The base channel resistance-line at 130.21 has protected the upside but we think it is only a matter of time before this resistance line gets broken in favor of acceleration higher towards 131.90. In the short term, we expect support at 128.76 to protect the downside for a break above 129.73 and more importantly a break above 130.21 for acceleration higher.

Only an unexpected break below 127.83 will be of concern.

Trading recommendation:

We are long EUR from 128.85 and will keep our stop at 127.80 for now. If you are not long EUR yet, then buy near 128.76 with the same stop at 127.80.

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