EUR/USD: Weekly Technical Levels for December 24 - 28, 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 moving.

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: EUR 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, you will surely lose your profit.

Stop loss should NEVER exceed your maximum exposure amounts.

As a rule, the market is highly 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 EUR/USD: Weekly Technical Levels for December 24 - 28, 2012 . Thanks for your support on EUR/USD: Weekly Technical Levels for December 24 - 28, 2012

Gold Bottom in Place at 1635.00 Levels. Look Higher. Trend News

Technical Outlook and Chart Setups:

As expected, the yellow metal looks to be bottomed out at 1630/40 region and the next upswing should be under way around 1850/1900 levels in the coming weeks. Immediate support is at 1635.00 levels, followed by 1600.00 respectively. Resistance is at 1750/55, followed by 1795.00/1800.00. Furthermore, 1635.00 is also the 0.618 Fibonacci support, past resistance turned support, and also the trendline support as depicted on the charts. Looking higher from here on.

Trade Recommendations:

Hold on to earlier long positions, buying fresh is also favourable, Stop is at 1610/20, Target is open.

Good Luck !

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GBP/USD: Weekly Technical Levels for December 24 - 28, 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: GBP 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, you will surely lose your profit.

Stop loss should NEVER exceed your maximum exposure amounts.

As a rule, the market is highly 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 GBP/USD: Weekly Technical Levels for December 24 - 28, 2012 . Thanks for your support on GBP/USD: Weekly Technical Levels for December 24 - 28, 2012

USD/CHF: Weekly Technical Levels for December 24 - 28, 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 is highly 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 24 - 28, 2012 . Thanks for your support on USD/CHF: Weekly Technical Levels for December 24 - 28, 2012

Silver Upswing Should Resume From Current Levels. Recommended To Build Long Positions Trend News

Technical Outlook and Chart Setups:

As expected, the metal has inched lower and is currently in the process to form bottom at current levels. As per the wave count, the 4th wave should have been completed at 29.60 level. This region is re-enforced by 0.618 Fibonacci retracement level of wave 3, also the trendline is set to provide necessary support required for continuation of the rally. Major support is at the 28.00/50 region, while resistance remains fixed at 33.60/65 levels respectively. It is strongly recommended to buy from current levels and build on the long positions further. Looking higher from here on.

Trading Recommendations:

Hold on to long positions taken earlier, buy further at current levels, (29.70/75), stop is at 28.00 and target is open.

Good Luck!

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Gold Hits Support At 0.618 Finbonacci. Buying Is Strongly Recommended Trend News

Technical Outlook and Chart Setups:

As depicted here, let us look at the wave count, which has presented further clarity.

1. Wave 1 is from 1,525 to 1,640. Wave 2 ended at 1,550.00. Wave 3 ends at 1,795.00 and now Wave 4 ends at 1,635.00.

2. 1,635.00 can be safely assumed to be the next bottom and Wave 5 would resume from current levels.

3. As seen on chart, this level is re-enforced with past resistance turned support and also the 0.618 Fibonacci support passes through the same level.

Keeping the above facts in view, the yellow metal is recommended to be a BUY.

Trading Recommendations:

Hold on to long positions taken earlier, further go long now (1,646.00), stop is at 1,610.00. Target is open.

Good Luck!

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EurJpy Pullback Is Underway. Take Profits Recommended Trend News

Technical Outlook and Chart Setups:

As depicted here and expected, the single currency pair seems to be on its way to correct/retrace. As seen here, the support region is between 108.50 and 109.00. Furthermore, this region is also re-enforced by past resistance turned support. Since the overall trend remains bullish, it is recommended to cover short positions and take profits at the moment. Keeping the trade strategy to buy on dips is highly recommended. The swing support is at 106.00 followed by 105.20 level respectively. Fibonacci resistance is spread through 113.00 level and above. Flat for now.

Trading Recommendations:

Book profits on short positions taken yesterday. Flat for now.

Good Luck!

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