Best and Easy Analyst News

Monday, 9 March 2015

Technical analysis of GBP/CHF for March 09, 2015 Market Analysis Review

Technical outlook and chart setups:

The GBP/CHF pair dropped to 1.4760 levels and bounced off the fibonacci 0.50 support of the rally between 1.4656 and 1.4870 levels. It was recommended to initiate long positions around 1.4730 levels, however, the pair turned earlier. One could remain flat for now and look for another dip to go long. The immediate upside is seen at 1.5000 and 1.5150 respectively. Bulls are poised to remain in control until prices stay above 1.4656 levels. Immediate support is seen at 1.4656, followed by 1.4580, 1.4412, and lower while resistance is seen at 1.5000, followed by 1.5150 and higher respectively.

Trading recommendations:

Remain flat for now. Look to initiate long positions at 1.4730, stop at 1.4650

Good luck!

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For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of GBP/CHF for March 09, 2015 . Thanks for your support.

Technical analysis of Silver for March 09, 2015 Market Analysis Review

Technical outlook and chart setups:

Silver dropped lower into $15.75 levels last Friday, breaking interim support at $16.00. The metal has been holding major support at $15.50 levels for now, which is encouraging for bulls. It is still recommended to remain long with risk at $15.50 levels. Please note that prices are stalling within the fibonacci 0.618 support of the rally between sub $14.00 levels and $18.50 respectively. A bullish bounce here could still keep the upswing intact and look higher towards $20.00/21.00 levels at the coming sessions. Immediate support is at $15.50, followed by sub $14.00 levels while resistance is seen at $16.90, followed by $17.50, $18.50, and higher respectively.

Trading recommendations:

Remain long for now, stop at $15.50, 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 09, 2015 . Thanks for your support.

Technical analysis of Gold for March 09, 2015 Market Analysis Review

Technical outlook and chart setups:

Gold had dropped to $1,163.00 levels last week, taking our stops out at $1,170.00 levels. The metal has hit the back side of resistance trend line which should now act as support, as depicted here on the daily chart view. Longs are still preferred against $1,130.00 lows from current price at $1,173.00 levels. Please also note that the drop had stalled at fibonacci 0.786 support of the entire rally between $1,130.00 and $1,309.00 levels earlier. A bullish bounce at current levels could would keep the uptrend in place and the structure intact. Support is seen at $1,146.00 followed by $1,130.00 while resistance is seen at $1,220.00, followed by $1,280.00 and higher respectively.

Trading recommendations:

Initiate fresh long positions at $1,173.00 levels, stop at $1,130.00, a target is open.

Good luck!

Technical analysis of Gold for March 09, 2015 Market Analysis Review

Total nonfarm payroll employment increased by 295,000 in February, and the unemployment rate edged down to 5.5 percent, the U.S. Bureau of Labor Statistics reported Friday. The stronger US data punched the yellow metal prices to a 2-month low. After the QE launch by the ECB, the yellow metal fell below $1,200.00 and closed below it. Previously, we pointed the trend change. The metal fell below $1,200.00 thrice and managed to close above it. It's a good sign to recover. The metal made a high at $1,222.00 from a low at $1,190.00. Now, this view has been erased. We recommend selling below $1,195.00 with targets at $1,190.00 and $1,185.00. A daily close below $1,185.00 leads to $1,179.00, $1,170.00, $1,167.00, and $1,150.00 in the near term. The price made a low at 1163.50. Until prices close below $1,200.00, bears have the upper hand. The intraday support is found at $1,163.00 and resistance is seen at $1,204.50 and $1,209.00. The weekly resistance is set between $1,172.00.

Resistance: $1,172.00, $1,179.10, $1,187.00.

Support: $1,163.00, $1,155.00, $1,150.00.

Trade: selling below $1,163.00.

Technical analysis of USD/JPY for March 09, 2015 Market Analysis Review

In Asia, Japan will release data on economy such as watchers sentiment, the final GDP price index y/y, bank lending y/y, the final GDP q/q, and the current account. The US will release economic data about Labor Market Conditions Index m/m. So, there is a strong probability that the USD/JPY pair will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 121.41.

Resistance. 2: 121.17.

Resistance. 1: 120.94.

Support. 1: 120.65.

Support. 2: 120.42.

Support. 3: 120.18.

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 March 09, 2015 . Thanks for your support.

Technical analysis of EUR/USD for March 09, 2015 Market Analysis Review

When the European market opens, economic data on the results of the Eurogroup meetings, Sentix Investor Confidence, the German trade balance will be released. The US is expected to release economic data about canges in labor market conditions m/m so EUR/USD will move low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.0896.

Strong Resistance:1.0890.

Original Resistance: 1.0879.

Inner Sell Area: 1.10868.

Target Inner Area: 1.0843

Inner Buy Area: 1.0818.

Original Support: 1.0807.

Strong Support: 1.0796.

Breakout SELL Level: 1.0790.

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 March 09, 2015 . Thanks for your support.

Weekly technical levels for EUR/USD for March 9-13, 2015 Market Analysis Review

The weekly technical levels for EUR/USD pair:

Overview :

The EUR/USD pair had a large range of 401 pips last week and that seems significant compared with worth of this pair. According to previous events, we can expect a wider range this week too. This week, the first resistance to the EUR/USD pair is likely to be set at the weekly pivot point of 1.0974; for that it will probably start from the price of 1.0974 in order to continue falling towards the strong support level. Additionally, volatility has been calculated and found at 1.0810, 1.0750, and 1.0707. Therefore, the market indicates higher volatility this week. Close relation between volatility and market movements should be noted.

However, the price has still trapped between 1.0970 and 1.0820. So, as the market is still indicating bearish signs, then sell below 1.0974 (the weekly pivot point) with the target at 1.0860 and 1.0710 in order to test the weekly support line. Nevertheless, the stop loss should be placed above the 1.1000 level.

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 for EUR/USD for March 9-13, 2015 . Thanks for your support.