Silver Short-term Resistance Seen At 33.65/70 Trend News

Technical Outlook and Chart Setups:

A 4H view has been presented here today. As depicted here, intermediary support remains at 32.50 level followed by 32.00 and 30.80 respectively; while resistance is at 35.00/10 levels. Please note that the larger trend remains bullish, but a retracement or further pullback still possible towards 31.50 levels. Key levels to watch in the near term are 32.50 and 32.00. Hence it is recommended to keep booking smaller profit cycles at the moment. Immediate resistance is seen around the 33.65/70 mark, which could be reached today or in the short term.

Trading Recommendations:

Exit long positions (taken last week) at 33.60/65 and stop is below 32.50.

Good Luck!

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Gold Short-term Resistance Seen Around 1,720-25 Region Trend News

Technical Outlook and Chart Setups:

A 4H chart view has been presented here. At the moment, the yellow metal seems to be struck between intermediary support and resistances places at 1,670/80 and 1,720/30 levels respectively. Therefore, it is recommended to keep booking short-term profits on long positions taken earlier. In the case if 1,672 support breaks, the yellow metal will see further correction towards 1,640/45 levels. On the other hand, a break above 1,730.00 level will again challenge 1,755.00 resistance. Buying intraday dips is still recommended but with a short-term profit perspective.

Trading Recommendations:

Exit long positions taken earlier at 1,722/25. Stop is at 1,680.00

Good Luck!

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EurJpy Short-term Rally Targeting 107.10/20 Levels Trend News

Technical Outlook and Chart Setups:

The single currency pair seems to be in a 3 wave correction from the fall that begun recently from 107.90 level. At the moment it is probably constructing the wave 2, which is towards 107.10/20 levels within 3 waves correction. The third wave is expected to end near 105.00 region, re-enforced by past support as well. In short, the trend is up and it is recommended to buy aggressively around the 105.00/50 mark. Current long positions should be closed around 107.00 level for short-term trading. Immediate resistance will be around the 107.10/20 levels, while support is around the 105.00 mark.

Trading Recommendations:

Exit the current long positions taken at 107.00.

Good Luck!

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GbpChf Remains Sell On Rallies. 1.5150/60 Resistance Holding Trend News

Technical Outlook and Chart Setups:

The overall structure still remains bearish as a sloping downtrend line of resistance remains intact (shown on the graph). Furthermore, the single currency is producing bearish signal on smaller timeframes (1h/4h) and it gives opportunity to build further short positions. The region of 1.4990 - 1.5020 is immediate resistance followed by 1.5150/60 levels on the higher side. Till the time prices stay below 1.5150/60, it is recommended to remain short and sell intraday rallies towards 1,5050. Intermediary support will be provided by 1.4800 and strong support is re-enforced by 1.4700 level. Bears are slowly but steadily targeting a breakdown below 1.4800. Looking lower for now.

Trading Recommendations:

Hold on to short positions taken earlier. Sell further on intraday rallies. Stop is at 1.5060. Target is open.

Good Luck!

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EUR/JPY - Weekly and Monthly Pivot Points and Signals, For December 10 - 15, 2012 Trend News

For the EUR/JPY pair a pullback to the level of 1.0691, weekly pivot is expected. This level will be the resistance for the pair. If it is broken the rate continues rising; we expect a continuation of the bearish movement. Therefore, the key level you must observe is 1.0691, above this level the pair may be very bullish. Thus, we have traced the likely movements according to the table pivots.

106.91 and 105.03 are weekly and monthly pivot points for this week for EUR/JPY.

Signals for December 10 - 15, 2012

Sell if pullback is at 106.91 (W_R1) with take profit at 105.86, stop loss is above 108.73 (W_R2).

____WEEKLY_____

Weekly - R3 = 109.50

Weekly - R2 = 108.73

Weekly - R1 = 107.68

Weekly Pivot = 106.91

Weekly - S1 = 105.86

Weekly - S2 = 105.09

Weekly - S3 = 104.04

If you would like to get this indicator, feel free to contact me via e-mail: gerardo.porras@analytics.instaforex.com

____MONTHLY____

Monthly - R3 = 117.07

Monthly - R2 = 112.37

Monthly - R1 = 109.73

Monthly Pivot = 105.03

Monthly - S1 = 102.39

Monthly - S2 = 97.69

Monthly - S3 = 95.05

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For detail explanation and best discovery on market trends you may visit via EUR/JPY - Weekly and Monthly Pivot Points and Signals, For December 10 - 15, 2012 . Thanks for your support on EUR/JPY - Weekly and Monthly Pivot Points and Signals, For December 10 - 15, 2012

NZD/USD: Weekly Technical Levels for December 10 - 14, 2012 Trend News

Weekly Technical Levels:

Tip (s):

R3 and S3 are considered to be clear indicators of the maximum range of extreme volatility, though it is possible to pass them through.

Pivot lines work well on the sideways markets, as the prices are most likely to be located between the R1 and S1 lines.

Within a strong trend the price is expected to be lower than the pivot point line and continue the movement.

If the breaking news released may affect the market, the price is likely to go straight through R1 or S1 and even reach R2 and R3 or S2 and S3.



Observation (s):

If the trend is of an upside character, then the strength of the currency will be defined as following: NZD is an uptrend and USD is a downtrend.

Fibonacci retracement is used to determine accurate psychological levels of support and resistance. The period of time should be taken into account.

Fibonacci is in a range trade; it looks like the trend is trapping and going up or down. If you sell or buy for a long term in this period, sure you will lose your profit.

Stop loss should NEVER exceed your maximum exposure amounts.

As a rule, the market has a high volatile if the last day had a huge volatility.



If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via NZD/USD: Weekly Technical Levels for December 10 - 14, 2012 . Thanks for your support on NZD/USD: Weekly Technical Levels for December 10 - 14, 2012

USD/CHF: Weekly Technical Levels for December 10 - 14, 2012 Trend News

Weekly Technical Levels:

Tip (s):

R3 and S3 are considered to be clear indicators of the maximum range of extreme volatility, though it is possible to pass them through.

Pivot lines work well on the sideways markets, as the prices are most likely to be located between the R1 and S1 lines.

Within a strong trend the price is expected to be lower than the pivot point line and continue the movement.

If the breaking news released may affect the market, the price is likely to go straight through R1 or S1 and even reach R2 and R3 or S2 and S3.





Observation (s):

If the trend is of an upside character, then the strength of the currency will be defined as following: USD is an uptrend and CHF is a downtrend.

Fibonacci retracement is used to determine accurate psychological levels of support and resistance. The period of time should be taken into account.

Fibonacci is in a range trade; it looks like the trend is trapping and going up or down. If you sell or buy for a long term in this period, sure you will lose your profit.

Stop loss should NEVER exceed your maximum exposure amounts.

As a rule, the market has a high volatile if the last day had a huge volatility.



If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via USD/CHF: Weekly Technical Levels for December 10 - 14, 2012 . Thanks for your support on USD/CHF: Weekly Technical Levels for December 10 - 14, 2012