Technical analysis of Silver for November 26, 2015 Market Analysis Review

Technical outlook and chart setups:

Silver is trading around $14.20 levels at the moment, after bouncing off the resistance turned support trend line at $14.05 levels, as depicted on the 4H chart view here. Please note that the metal could push through $14.55 and subsequently through $14.95 levels, if bulls are able to sustain $14.04 lows and subsequently $13.90 levels. It is still recommended to remain flat in the metal and wait for a break of at least $14.55 levels. Immediate interim support is seen at $14.04 levels, followed by $13.93 and lower, while resistance is seen at $14.55 levels, followed by $14.0 and higher respectively.

Trading recommendations:

Remain flat for now. Look for a break above $14.55 levels.

Good luck!

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Elliott wave analysis of EUR/NZD for November 26 - 2015 Market Analysis Review

Wave summary:

Eventually it seems as the last part of the expected decline closer to 1.5898 is now unfolding. We have seen a new low of the decline from 1.9114 and once this decline bottoms out a major rally is expected.

In the short term, we expect minor resistance at 1.6261 and more importantly resistance at 1.6377 as a break above the later indicates that the corrective decline from 1.9114 is over.

Trading recommendation:

We are look to buy EUR at 1.5925 or upon a break above 1.6377 (one order done cancels the other).

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Technical analysis of Gold for November 26, 2015 Market Analysis Review

Technical outlook and chart setups:

Gold is seen to be trading around $1,072.00/73.00 levels for now, oscillating in a perfect harmony within the cone consolidation as depicted on the hourly chart view here. Giving due respect to the bounce it has taken from the support line passing around $1,069.00/70.00 levels, it is recommended to exit short positions taken yesterday and turn bullish with risk around $1,063.00 levels. Immediate support is seen at $1,068.00 levels, followed by $1.067.00, $1,063.50 and lower while resistance is seen through $1,080.00 levels, followed by $1,090.00 and higher respectively.

Trading recommendations:

Take profits on short positions taken yesterday from $1,080.00. Go long now, stop at $1,062.50, a target is open.

Good luck!

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Elliott wave analysis of EUR/JPY for November 26 - 2015 Market Analysis Review

Wave summary:

The break below important support at 130.12 is very frustrating and has forced us back to the drawing broad. We still think that the decline from 140.73 is quite messy, but our new preferred count shows that a possible new zig-zag combination is unfolding. We are currently in wave (iii) of wave A which is expected to reach 123.57 before a larger correction in wave B is seen.

In the short term, we will ideally see minor resistance at 132.50 protect the upside for the next part of the decline towards 125.34. It will take a break above resistance at 133.22 to question this count.

Trading recommendation:

Our stop at 130.10 was hit for a very small loss. We are looking to sell EUR near 132.50 with stop placed at 133.30.

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Daily analysis of major pairs for November 26, 2015 Market Analysis Review

EUR/USD: Based on the price action in the market, it is not currently rational to seek long trades here, though the market looks oversold. The support line at 1.0550 is the next target for bears, should the price moves further southwards. Because of a bank holiday in the US, there would not be any significant movement today.

USD/CHF: After testing the resistance level at 1.0200, this pair has succeeded in staying above it. The bullish bias is intact and it would hold out as long as the price is above the support level at 1.0150. Only a very strong selling pressure is needed to take the price below that support level, something that currently does not exist in the market.

GBP/USD: This week, the GBP/USD has gone down 120 pips so far, almost testing the accumulation territory at 1.5050. Since the selling pressure in the market still exists, there is a possibility that the accumulation territory would be breached to the downside, irrespective of the shallow upwards bounce in the market.

USD/JPY: The USD/JPY pair has formed a kind of a "sell" signal," There is a now a Bearish Confirmation Pattern on the chart as the price moves below the EMA 56 and the RSI period 14 moves below the level 50. The demand level at 122.00 could be tested easily.

EUR/JPY: The EUR/JPY pair briefly went below the demand zone at 130.00 before going above it again. The price is now below the supply zone at 130.50, while the overall bias remains bearish. In case the bearish journey continues, the demand zone at 130.00 could be tested again. It could even be breached to the downside.

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Technical analysis of EUR/USD for November 26, 2015 Market Analysis Review

When the European market opens, some economic news will be released such as GfK German Consumer Climate, Private Loans y/y, and M3 Money Supply y/y. However, the US will not release any economic data, so amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.0677.

Strong Resistance:1.0670.

Original Resistance: 1.0660.

Inner Sell Area: 1.0650.

Target Inner Area: 1.0625.

Inner Buy Area: 1.0599.

Original Support: 1.0589.

Strong Support: 1.0579.

Breakout SELL Level: 1.0572.

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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Technical analysis of USD/JPY for November 26, 2015 Market Analysis Review

Today, Japan and the US will not release any economic data. So there is a big probability the USD/JPY pair will move with low volatility during this day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 123.27.

Resistance. 2: 123.03.

Resistance. 1: 122.79.

Support. 1: 122.49.

Support. 2: 122.25.

Support. 3: 122.01.

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 USD/JPY for November 26, 2015 . Thanks for your support.

Technical analysis of USD/CHF for November 26, 2015 Market Analysis Review

Overview:

• The USD/CHF pair has shown signs of following the break of the highest level of 1.0207 and has opened above the daily pivot point today. Therefore, it will be a good sign to buy above the level of 1.0207 with the first target at 1.0244 and resume to 1.0260 with a view to test the double top. However, in case a reversal takes place and the USD/CHF pair breaks through the support level of 1.0190, the market is likely to decline to 0.9434 in order to indicate a correction movement at this level. Meanwhile, the daily chart represents a strong support at 1.0154, moreover the channel emerging of the RSI is still positive on most of time frames, so the RSI calls for a new uptrend at this level. In addition, if the price keeps set above the level of 1.0200; then it would be more a confirmation of an uptrend in a long-term period.

Forecast:

• The trend is still calling for a strong bullish market from the spot of 1.0200 and 1.0165. Hence, buy above this area (1.0200 and 1.0165) with the targets of 1.0244 and 1.0260 in coming hours.

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Technical analysis of GBP/USD for November 26, 2015 Market Analysis Review

Overview:

• The GBP/USD pair probably will move between the levels of 1.5053 and 1.5194, because the trend has rebounded from the spot of 1.5053/1.5060 yesterday and closed at the price of 1.5115 (it does mean that the range was more than 62 pips). Hence, the pair will probably go upward because the bullish trend is still strong from the area of 1.5053 and 1.5100. The resistance is set at the level of 1.5225 which coincides with the ratio of 61.8% of Fibonacci retracement levels on H1 chart. Consequently, the market will indicate a bullish opportunity above 1.5100 again, because the level of 1.5100 is going to act as a minor support today. Accordingly, it will be a good idea to buy above this level today with the first target at 1.5161 in order to test the daily pivot point and continues further up to the levels of 1.5194 and 1.5225. Moreover, if the trend succeeds to close below 1.5100 on the H4 chart, then the market will be developing in a downtrend below the daily support level towards the level of 1.5053 and 1.5012. However, the stop loss should be placed below 1.5005.

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Daily analysis of USDX for November 26, 2015 Market Analysis Review

On H1 chart, USDX tried to consolidate again above the 100.00 price zone, but the Index is trying to correct the current rally towards the 200 SMA around the support level of 99.25. If USDX does a rebound above it, then we could see another rally above the 100.24 level in the short term. That moving average is slightly bullish, but MACD indicator is on the negative territory.

H1 chart's resistance levels: 99.80 / 100.24

H1 chart's support levels: 99.25 / 98.82

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 99.80, take profit is at 100.24, and stop loss is at 99.37.

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Daily analysis of GBP/USD for November 26, 2015 Market Analysis Review

GBP/USD is making some higher recover moves towards the resistance level of 1.5142, where a strong pullback could happen, as the Cable is still forming a lower low pattern on H1 chart. 200 SMA is turning into the neutral territory. However, if the pair does a breakout below 1.5062, then we can see more weakness for the short term. MACD indicator is on the positive territory.

H1 chart's resistance levels: 1.5142 / 1.5176

H1 chart's support levels: 1.5100 / 1.5062

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 1.5100, take profit is at 1.5062, and stop loss is at 1.5137.

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GBP/USD intraday technical levels and trading recommendations for November 25, 2015 Market Analysis Review

Overview:

Strong bullish pressure was applied at the resistance level of 1.5800 via the previous bullish swing.

Hence, the resistance level of 1.5800 was temporarily breached. Bulls moved towards 1.5900 where the depicted Head and Shoulders reversal pattern was confirmed.

Later, the support level of 1.5555 got breached due to the excessive bearish pressure, which originated at 1.5800.

The GBP/USD pair moved towards the support zone of 1.5170-1.5150 where a valid intraday buy entry was offered especially after the evident bullish rejection, which took place on October 6.

Note that bearish persistence below the level of 1.5200 was needed for a further bearish decline towards the level of 1.4950 (prominent weekly support). Instead, a bullish breakout above 1.5200 has been expressed on the previous Tuesday.

Bullish fixation above the price zone of 1.5200-1.5250 allowed a bullish movement towards 1.5330 where the upper limit of the depicted channel applied significant bearish pressure over the GBP/USD pair.

This week, bearish persistence below 1.5030 (important key-level) allows a quick bearish decline towards 1.4950 (previous weekly bottom).

On the other hand, a stronger support level is located at 1.4850 (the lower limit of the depicted movement channel).

This is where a low-risk buy entry can be offered to conservative traders.

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USD/CAD intraday technical levels and trading recommendations for November 25, 2015 Market Analysis Review

Overview:

A bullish breakout above the zone of 1.2770-1.2800 was observed on July 15 (highlighted in blue).

The long-term bullish target was projected towards the level of 1.3270 (100% Fibonacci Expansion). However, bulls moved further above the Fibonacci level, which was previously breached to the upside on September 23 and recently on November 12.

Significant bearish rejection has been observed around 1.3450 (141.4% Fibonacci Expansion).

Later on October 1, bearish closure below 1.3270 (Fibonacci Expansion 100%) was expressed. This exposes the next support levels around 1.2910 and 1.2750 where long-term buy entries were suggested.

A bearish breakout below the support level of 1.3075 was mandatory to allow the further bearish decline towards 1.2930. However, an evident bullish rejection was expressed around this level.

Another bullish visit to the level of 1.3270 (FE 100%) was initiated on November 4. A bullish breakout above 1.3300 was performed again on November 13 .

Daily persistence above 1.3300 exposed the next resistance level at 1.3450 (Fibonacci Expansion 141.0%) where a valid sell entry could be offered.

On the other hand, bearish breakdown below 1.3300 (FE 100%) enhances the bearish side of the market once again.

Trading recommendations:

Conservative traders should wait for an obvious bearish closure below 1.3250 (FE 100%) to sell the USD/CAD pair.

S/L should be placed above 1.3370.

Initial T/P levels should be placed at 1.3150 and 1.3080.

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Intraday technical levels and trading recommendations for GBP/USD for November 25, 2015 Market Analysis Review

A few months ago, the market was pushed above the weekly key zone around 1.5550 in an attempt to reach the area of 1.5900, which has been providing the GBP/USD pair with significant resistance.

Recent weekly candlesticks came as bearish engulfing candles, closing below the level of 1.5220 (the neckline of the Head and Shoulders pattern).

This supported the bearish side of the market in the long term. An approximate target should be located at the level of 1.4800 for this reversal pattern.

The previous demand level at 1.5200 (the origin of a previous bullish engulfing weekly candlestick) was broken down two weeks ago. This bearish tendency was confirmed by the Shooting Star bearish weekly candlestick of the last week.

A quick bearish decline towards the weekly demand level at 1.4950 as long as bearish breakdown below 1.5200 persists on a weekly basis.

The previous bearish movement found its way towards the level of 1.5200 (prominent demand level), which prevented the further bearish decline.

Instead of it, an evident bullish reaction was performed around 1.5200-1.5170 (resulting in bullish engulfing daily candlesticks).

This led to the previous bullish pullback towards 1.5600 (the backside of the depicted uptrend). It placed the GBP/USD pair under significant bearish pressure.

The demand levels of 1.5350 and 1.5200 were broken down a few weeks ago. Currently, these levels constitute prominent supply to be watched for new sell entries.

The key level of 1.5200 was temporarily breached to the upside last week until a daily bearish engulfing candlestick was expressed on Friday.

Note that bearish persistence below 1.5200 and 1.5050 (previous weekly bottom) enhances further bearish decline towards the weekly demand level at 1.4960.

Trading Recommendation:

Risky traders were advised to sell the GBP/USD pair anywhere around 1.5350. S/L can be lowered to 1.5170 to secure our profits.

For conservative traders, a low-risk buy entry will probably be offered around the weekly demand levels of 1.5000-1.4950. S/L should be placed below 1.4920. Initial T/P levels should be located at 1.5170 and 1.5300.

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Intraday technical levels and trading recommendations for EUR/USD for November 25, 2015 Market Analysis Review

The EUR/USD pair moved lower after breaking below the major demand levels around 1.2100 and 1.2000 where historical bottoms were previously established back in July 2012 and June 2010.

EUR/USD bears have previously pushed the price slightly below the monthly demand level of 1.0550 (established in January 1997). Bullish recovery was observed shortly after.

April's candlestick came as bullish engulfing one. However, the next monthly candlesticks (July, August, September and October) reflected a strong bearish rejection, which took place at the level of 1.1450.

Hence, in the long term, a projected target is still seen at 0.9450 if a bearish breakout of the monthly demand level at 1.0555 occurs before the end of the this month.

On August 24, the market looked overbought as bulls were pushing the pair further above the level of 1.1500 (daily supply level).

Recently, the intraday supply zone of 1.1360-1.1400 provided significant bearish rejection. An intraday sell entry was suggested. T/P levels located at 1.1150 and 1.1050, which were already reached.

A bearish breakout of the depicted uptrend has been executed on October 23. This enhanced a long-term bearish scenario with targets projected at 1.0800 and 1.0600.

Two weeks ago, daily persistence below the level of 1.0990 exposed the next demand level around 1.0850 where prominent bottoms were previously established in May, July, and August.

This week, daily persistence below the level of 1.0700 (key level) ensures enough bearish momentum towards 1.0650 and 1.0550 (prominent monthly low) where price actions should be watched.

A daily breakdown of the monthly demand level at 1.0550 is needed to expose lower bearish targets at 1.0460 and 1.0300.

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Global macro overview for November 25, 2015 Market Analysis Review

Ahead of the Thanksgiving bank holiday, attention will be firmly on the US on Wednesday, as we get a huge amount of important economic indicators that should offer crucial insight into the health of the US economy. Unemployment claims (exp. 273k; 271k prior) and durable goods orders (exp. 1.6% m/m; -1.2% prior) will be the most important reports as the Fed is looking at the data. The figures can and will influence its decision to either raise rates or hold off until early next year and a number of the indicators will be released today.

The EUR/USD pair is trading below the important daily resistance at the level of 1.0600. Nevertheless, any worse-than-expected data might trigger a breakout higher and next resistance test at the level of 1.0619. The support is seen at the level of 1.0578.

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Global macro overview for 25/11/2015 Market Analysis Review

Global macro overview for 25/11/2015:

In his live speech in the House of Commons, UK Chancellor George Osborne said he wants to create "economic and national security" for the UK. He said public debt forecast revised down to 82.5% of GDP in 2015 from 83.6% in the July forecast and confirmed that the UK will meet NATO defense spending target of 2% of GDP. Moreover, he announced controversial cuts to tax credits in major U-turn for government today. The UK economy is still faces huge challenges and the weakness of the eurozone remains a problem.

Appendix:

UK Net Debt Projections: (% of GDP)

2015/16: 82.5%

2016/17: 81.7

2017/18: 79.9%

2018/19: 77.3%

2019/20: 74.3%

2020/21: 71.3%

The GBP/USD pair has reacted positively to the Osborne speech and now is trading off the daily lows. Nevertheless, the next resistance is seen at the level of 1.5115 and the next support is seen at the level of 1.5026.

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Technical analysis of USD/CAD for November 25, 2015 Market Analysis Review

Overview:

• The USD/CAD pair rebounded at the level of 1.3249 again, and it showed signs of strength following the level of 1.3249 for several days. Additionally, the resistance was broken and turned into support at the same key level (1.3249). Moreover, we expect a range between the levels of 1.3249 and 1.3354. Equally important, the price is set above the support from the last week. Consequently, the pair has already formed a strong support at 1.3249. Therefore, the USD/CAD pair started showing signs of bullish market, so the market indicates the bullish opportunity at the level of 1.3249 with the first target of 1.3329 and continues towards the level of 1.3354. On the other hand, the stop loss should always be taken into account, hence set your stop loss at the 1.3209 price.

Observations:

• The weekly resistance is going to set at the level of 1.3354.
• The minor support has already set at 1.3274, this level coincides with the ratio of 23.6% Fibonacci retracement level. But the major support was already placed at 1.3249.
• We expect a range of around 198 - 250 pips this week.

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Technical analysis of AUD/USD for November 25, 2015 Market Analysis Review

Overview:

• The market indicates higher volatility of 98.50 today.
• The AAUD/USD pair rose from the strong level of 0.7198 and extended further to as high as 0.7250 yesterday. Equally important, the support is found at 0.7200, because this level has also formed a double bottom at the level of 0.7198. Additionally, it also should be noticed that the AUD/USD pair was trading in a range of 95 pips. Moreover, the price has set above 50% of Fibonacci retracement levels for two days. Consequently, we expect saturation around the level of 0.7198. Hence, the market will probably start showing bullish signs again in order to indicate a bullish opportunity from the levels of 0.7198 (50% of Fibonacci retracement levels in H1 chart). Thereupon, buy above 0.7198 with the first target at 0.7265 it will call for a move upwards in order to continue bullish attempts towards 0.7303. On the other hand, if bulls forces the pair to pull back to the level of 0.7155 and sellers manage to break this level, therefore the best solution will be to set the stop loss at 0.7112.

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Technical analysis of USD/CAD for November 25, 2015 Market Analysis Review

General overview for 25/11/2015:

The three-wave down movement looks completed now and any breakout above the level of 1.3334 will be regarded as bullish. There is still one more missing wave to the upside to complete the main count. The market is still trading inside the overall bullish zone.

Support/Resistance:

1.3278 - WS1

1.3323 - Weekly Pivot

1.3343 - Intraday Resistnace

1.3403 - WR1

1.3433 - Technical Resistnace

Trading recommendations:

Daytraders should consider reopening buy orders from the level of 1.3345 with tight SL and TP at the level of 1.3380.

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Technical analysis of EUR/JPY for November 25, 2015 Market Analysis Review

General overview for 25/11/2015:

As anticipated yesterday, the intraday resistance at the level of 13078 has not been broken and the market has made another wave down to complete the wave 5 purple of the ending diagonal structure. The current projected target for wave 5 purple is at the level of 129.50 and a rebound from this level is currently expected.

Support/Resistance:

129.48 - WS2

129.96 - WS1

130.18 - Intraday Resistance

130.78 - Intraday Resistance

Trading recommendations:

Daytraders should consider reopening sell orders from the level of 130.18 with tight SL and TP at the level of 129.50.

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Technical analysis of USD/JPY for November 25, 2015 Market Analysis Review

USD/JPY is expected to trade with a bullish bias. The US stock indices managed to close higher overnight after logging losses earlier in the session, after reports said a Russian jet was downed by Turkey near the Syrian border. The Dow Jones Industrial Average edged up 0.1% to 17812, the S&P 500 gained 0.1% to 2089, and the Nasdaq Composite was broadly flat at 5102. Nymex crude oil surged 2.7% to $42.87 a barrel, and gold rebounded 0.6% to $1075 a troy ounce. Meanwhile, the benchmark 10-year Treasury yield settled at 2.243%, down from 2.250% in the previous session.

Meanwhile, the U.S. government reported that 3Q GDP rose 2.1% on a seasonally adjusted annual basis, up from an initial estimate of 1.5%. However, the Conference Board's consumer confidence index slumped to 90.4 in November from 99.1 in October. The U.S. dollar gave back some of its recent gains, with EUR/USD edging up 0.1% to 1.0640, USD/JPY dropped 0.3% to 122.51, and AUD/USD rose 0.8% to 0.7253. On the other hand, GBP/USD lost 0.3% to 1.5083 as Bank of England Gov. Mark Carney commented that a low interest rate environment is likely to persist. The pair is maintaining its rebounding momentum. The bullish bias is maintained by the ascending 20- and 50-period moving averages. And the relative strength index, riding on a rising trend line, is well directed above the neutrality level at 50. The first upside target is set at 122.80 and the second one at 123.05.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. As long as the price holds above its pivot point, long positions are recommended with the first target at 122.80 and the second target at 123.05. In the alternative scenario, short positions are recommended with the first target at 122 if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 121.80. The pivot point is at 122.20.

Resistance levels: 122.80 123.05 123.50

Support levels: 122 121.80 121.45

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Technical analysis of USD/CHF for November 25, 2015 Market Analysis Review

USD/CHF is expected to trade in a higher range as Bias remains bullish. The pair is well supported by its rising 50-periodd moving average, and is posting further rebound. The intraday relative strength index is positively oriented. Further upside is therefore expected with the next horizontal resistance and overlap set at 1.0250 at first. A break above this level would call for a further advance towards 1.0280 in extension.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. As long as the price holds above its pivot point, long positions are recommended with the first target at 1.0250 and the second target at 1.0280. In the alternative scenario, short positions are recommended with the first target at 1.0120 if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 1.0090. The pivot point is at 1.0150.

Resistance levels: 1.0250 1.0280 1.0315

Support levels: 1.0120 1.0090 1.0075

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Technical analysis of NZD/USD for November 25, 2015 Market Analysis Review

NZD/USD is expect to reach 0.6605. The pair is trading above the rising 20- and 50-period moving averages, which are providing support and maintaining the bullish bias. The relative strength index is bullish and calls for further upside. As long as 0.6530 holds as the key support, the pair is likely to challenge its next resistance at 0.6605. A breakout above this level would call for a further advance toward 0.6640.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. As long as the price holds above its pivot point, long positions are recommended with the first target at 0.6605 and the second target at 0.6640. In the alternative scenario, short positions are recommended with the first target at 0.6490 if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 0.6460. The pivot point is at 0.6530.

Resistance levels: 0.6605 0.6640 0.6675 Support levels: 0.6490 0.6460 0.6430

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Technical analysis of GBP/JPY for November 25, 2015 Market Analysis Review

GBP/JPY is expected to trade in a higher range as downside movements prevail. The pair remains being capped by its declining 50-period intraday moving average on the downside. Meanwhile, the intraday relative strength index lacks upward momentum. The first downside target is therefore set at the horizontal support and overlap at 184.30. A breakout below this level would open the way to further weakness toward 183.85.

Trading recommendations:

The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 184.30. A break of that target will move the pair further downwards to 183.85. The pivot point stands at 185.10. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, long positions are recommended with the first target at 185.60 and the second target at 186.

Resistance levels: 185.60 186 186.40

Support levels: 184.30 183.85 183

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EUR/NZD analysis for November 25, 2015 Market Analysis Review

Overview:

Recently, EUR/NZD has been moving downwards. As I had expected, the price tested the level of 1.6176. The short-term trend has changed from neutral to downward. The major 22-day support at the level of 1.6150 is on the test. In the H4 time our strong resistance at the level of 1.6350 held successfully and we saw strong rejection in line with my expectations. Watch for a potential breakout at the level of 1.6150 in a high volume to confirm further downward continuation. The next support area is seen around the level of 1.5730.

Fibonacci Pivot Points :

Resistance levels:

R1: 1.6335

R2: 1.6370

R3: 1.6430

Support levels:

S1: 1.6220

S2: 1.6185

S3: 1.6130

Trading recommendations : Intraday selling opportunities are preferable. For stronger confirmation of a downward movement wait for a potential breakout of the level of 1.6150.

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Gold : analysis for November 25 , 2015 Market Analysis Review

Overview:

Since our last analysis, gold has been trading sideways around the level of $1,073.00. In the daily time frame, I found a weak demand bar and rejection from the SMA10. Our strong support around the levels of $1,075.00-$1,080.00 became strong resistance (changing polarity) now. In the H1 time frame, our diagonal trend line got broken today, so watch for intraday selling opportunities. I also spoted strong rejection from Fibonacci retracement 61.8% at the level of $1,080.00. Intraday support is found at $1,065.00. Next strong daily support is seen around the level of $1,046.00.

Daily Fibonacci pivot points:

Resistance levels

R1: 1,078.25

R2: 1,079.70

R3: 1,082.10

Support levels:

S1: 1,073.50

S2: 1,072.50

S3: 1,069.70

Trading recommendations: Be careful when buying gold since I saw a breakout of the diagonal trend line. Watch for potential selling opporutnities.

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USDX technical analysis for November 25, 2015 Market Analysis Review

Early on Wednesday, dollar bulls are on the defensive as sellers put pressure on the US dollar. The US dollar index is right on the top of the channel support but a bigger downward correction is justified by the daily stochastics towards at least 97.50.

Blue lines - bullish channel

Red lines - bearish divergence

As per our analysis of the bearish divergence signal that was given when prices were at 99.90, the US dollar index made a pullback as expected and has reached support area at 99.30, while the stochastics in the 4-hour chart have moved towards the overbought levels. The price is now testing the channel and cloud support. Breaking below 99 will open the way to 97.50.

The daily chart above shows how close to resistance we are now and how overbought the stochastic is. The level of 98.75 acts as the daily support. If it gets broken, then expect the 38% Fibonacci retracement to be tested. I prefer to be bearish or neutral than long at current levels.The material has been provided by InstaForex Company - www.instaforex.com

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Gold technical analysis for November 25, 2015 Market Analysis Review

Gold price is moving towards the short-term highs and resistance at $1,090. A rejection here will push the price most probably to a new lower low at $1,045, if however bulls manage to break above resistance, our first short-term target is seen at $1,120-30.

Red line - resistance

Gold price is below the daily Ichimoku cloud and stochastic is at oversold levels and turning upwards. The rice is also below the tenkan-sen (red line). Now is the time for gold prices to make a strong bounce towards the cloud and trend-line resistance near the area of $1,120-30. First we must see a daily close above $1,082 followed by the bullish move.

Yellow line - long-term resistance

Red lines - bullish wedge

Blue lines - projections

In the weekly chart we see gold prices below the Ichimoku cloud and still inside the bullish wedge. I believe we should expect 2015 or early 2016 to mark the end of the bear market and trend reversal. The weekly stochastic shows that at least a bounce towards the Ichimoku cloud should be expected as it happened before when the stochastic was oversold.

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Technical analysis of Silver for November 25, 2015 Market Analysis Review

Technical outlook and chart setups:

Silver is stalling at the Fibonacci 0.786 resistance of the recent drop between $14.45 and $13.92. As we can see here, the metal seems to be peeping out of the resistance trend line, but we need to see a breakout above at least $14.45/50. It is recommended to remain flat for now and watch for further confirmation. Immediate support is seen at $13.90 followed by $13.00 and lower, while resistance is seen at $14.45/50, $15.00, and higher. Bears should remain in control of the metal until prices stay below the level of $14.50.

Trading recommendations:

Remain flat now.

Good luck!

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Technical analysis of Gold for November 25, 2015 Market Analysis Review

Technical outlook and chart setups:

Gold's pullback has stalled at $1,081.00 and the yellow metal is trading around $1,079.00 now. The entire structure looks to be in consolidation, in a cone-type pennant formation, as depicted on the chart. The yellow metal has reached its resistance line. Now it is stalling around $1,080.00. The metal is expected to drop towards fresh lows from here. It is hence recommended to take profits on long positions placed yesterday and remain flat for now. Immediate resistance is seen at $1,090.00 followed by $1,098.00 and higher, while support is seen at $1,067.00 followed by $1,063.00 and lower.

Trading recommendations:

Take profits on long positions and remain flat.

Good luck!

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