Silver likely form double bottom around 28.00 Trend News

Technical outlook and chart setups:

Looking into the 4H structure here, prices have surprisingly fell aback 28.00 level. This could be best seen as a possible double bottom formation at 28.00 level, which is also defined as the 0.785 Fibonacci support for the entire upswing from sub 26.00 level to 35.00 level in 2012. Please also note that the area of 27.70/80 is also falling in line here as a support extension of the counter trend that had begun from 35.00 level earlier. Support is at 28.00, followed by 27.50 and lower; while immediate resistance is now at 29.20/30 levels. A break higher 29.20/30 would be required now to confirm a double bottom in place. Holding long positions is still favorable, at least till next trading session on Monday.

Trading recommendations:

Hold long positions, stop is at 27.00, and target is open.

Good Luck!

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For detail explanation and best discovery on market trends you may visit via Silver likely form double bottom around 28.00 . Thanks for your support on Silver likely form double bottom around 28.00

Gold targeting 1,660.00. Probable rally would resume next week. Remain long Trend News

Technical outlook and chart setups:

The yellow metal has retraced lower up to 1,585.00 level as we had been discussing earlier. Believe it or not, these intraday dips are excellent buy opportunities. It is expected that the rally should materialize by next week, taking prices towards 1,660.00 level. Supports are seen from 1,570.00 level, followed by 1,560.00, 1,555.00, 1,550.00, and 1,525.30; while resistance remains fixed at 1,650/60, 1,680/85, 1,700.00, and higher. The current price action may seem like testing too much patience for traders, but the breakout results shall be equally rewarding. Persistence remains key here. It is recommended to utilize all dips as buying opportunities from here on.

Trading recommendations:

Remain long, stop is at 1,550.00, and 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 Gold targeting 1,660.00. Probable rally would resume next week. Remain long . Thanks for your support on Gold targeting 1,660.00. Probable rally would resume next week. Remain long

EurJpy holds 119.00 support well. Looking to rally again Trend News

Technical outlook and chart setups:

Looking into the 4H chart view here, the single currency pair has been holding 119.00 support level well till now. We are looking for a bottom formation possibility around 120.00 level for an extended rally further ahead. The extensions for rally from 119.00 level to 126.00 are pointing towards 130.00 at least. For this to be confirmed, prices need to rally above 122.50 level. Even if prices do not register fresh highs, a 3 wave structure would be required to be complete before falling down further below 119.00 level. Resistance is lined up from 124.50, followed by 126.00, 127.00, and 127.90 on the higher side. Support remains fixed at 119.00 as immediate level, followed by 117.50 and lower. It is recommended to remain long for now, till prices are above 119.00.

Trading recommendations:

Remain long, stop is at 118.50, and 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 EurJpy holds 119.00 support well. Looking to rally again . Thanks for your support on EurJpy holds 119.00 support well. Looking to rally again

GbpChf holds 1.4530 till now. Preparing for April fall Trend News

Technical outlook and chart setups:

After having discussed the larger wave possibility, a 4H view is presented here that would stick to immediate formations. As seen here, the single currency pair exceeded 1.4450 yesterday before reversing sharply and also below the inner support line. The rally after can be termed as retracement till now, which is providing another opportunity to go short again. As discussed earlier, immediate resistance is at 1.4530 level, and till the time prices are lower, bears would remain in control. Support is lined up from 1.4300, followed by 1.4200, 1.4030 and just below 1.4 level. It is still recommended to remain short for a possible breakdown for.

Trading recommendation:

Remain short, stop is above 1.4550, and target is below 1.4.

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 GbpChf holds 1.4530 till now. Preparing for April fall . Thanks for your support on GbpChf holds 1.4530 till now. Preparing for April fall

Silver tests 28.00 as expected, before reversing. Remain long Trend News

Technical outlook and chart setups:

Let us go through the larger wave structure presented by the Daily chart view again. The AB rally from sub 26.00 level to 35.00 level can be seen towards the larger trend which is up. BC move from 35.00 to sub 28.00 level can be termed as counter trend for now. A CD extension is expected from 28.00 level to 41.00, 44.00 and higher in the coming months now. Supports are defined by 28.00 level, followed by 27.50, 26.50 and lower; while resistances are defined from 29.50 level, followed by 30.30, 31.20, 32.50, 33.50, and higher up. It is just a matter of time now, for a break above 29.50, since yesterday’s movement can be defined as the final test before the extended rally. Bottom line: Till the time prices are ahead of 28.00 bulls would remain in control.

Trading recommendations:

Remain long, stop is at 27.00, and 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 Silver tests 28.00 as expected, before reversing. Remain long . Thanks for your support on Silver tests 28.00 as expected, before reversing. Remain long

Gold forms higher bottom at 1,590/92. Immediate target remains at 1,660 Trend News

Technical outlook and chart setups:

Let us again re-visit the larger wave structure depicted here on the daily chart view. The AB rally from 1,520/30 levels to 1,798.00 level in mid-2012 was towards the larger trend rally. BC fall from 1,798.00 to 1,555.00 can be termed as a counter trend as of now. The CD rally would be termed as final extension towards the larger trend which would exceed 1,900.00 level in the coming months. Believe it or not, till 1,555.00 remains intact, a higher bottom is in place for sure which would ensure rally towards the larger uptrend. Supports can be defined as 1,555.00, followed by 1,550 and 1,525/30; while resistances can be defined as 1,650/60, followed by 1,680/85, 1,700.00, 1,750.00, and higher up. The immediate wave structure is awaiting to take out resistance at 1,660.00 levels, which is just a matter of time.

Trading recommendations:

Remain long, stop is at 1,550.00, and 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 Gold forms higher bottom at 1,590/92. Immediate target remains at 1,660 . Thanks for your support on Gold forms higher bottom at 1,590/92. Immediate target remains at 1,660

GbpChf marginally exceeds 1.4410/20. Key remains at 1.4530 Trend News

Technical outlook and chart setups:

A daily chart view has been presented here for a larger wave structure preview. Please note the following facts as depicted here:

1. The major support trend line from 1.3800 level was breached earlier in 2012.

2. Prices formed a sequence of lower lows and lower highs around 1.4000 level. Support at 1.42 was broken in this process.

3. Immediate resistance remains at 1.4530/40 levels for now. A break above would open doors for a larger rally/pullback towards the 1.47/1.48 region.

4. The overall wave structure maybe possibly unfolding a larger Head and Shoulder reversal, and the right shoulder remains around 1.47/1.48 levels as depicted here.

5. Keeping the above facts in mind, it is recommended to remain short for now. In case 1.4530 is exceeded, we would look for pullback opportunities to go long.

Trading recommendations:

Remain short for now, stop is above 1.4550, target is below 1.4. If stop is triggered, we shall be looking to go long on dips.

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 GbpChf marginally exceeds 1.4410/20. Key remains at 1.4530 . Thanks for your support on GbpChf marginally exceeds 1.4410/20. Key remains at 1.4530