GBP/CHF Breaks Support At 1.4720/25; Hold Short Positions Trend News

Technical Outlook and Chart Setups:

As depicted here, the single currency breaks below immediate support at the 1.4720/25 levels. Furthermore, the pair is completely out of the falling wedge formation. Minor pullback rallies can be expected, but they will be well capped below the 1.4830/40 levels. It is recommended to sell intraday rallies towards 1.4830/40 and also hold short positions taken earlier. Fibonacci support levels are at 1.4600 and lower, while resistance starts from the 1.4830/40 levels through the 1.5050 and 1.5150 levels respectively. Looking lower from here on.

Trading Recommendations:

Hold on to short positions taken earlier and sell further intraday rallies. Stop is at 1.5000, target is at 1.4600.

Good Luck!

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EUR/JPY Remains Bullish; Retracements Should Be Bought Trend News

Technical Outlook and Chart Setups:

As depicted here, the structure remains fairly unchanged since the last 3 trading sessions. In fact, the currency pair seems to be bouncing back from the 111.00/110.50 region which is past resistance turned support now. A push through recent highs around 112.00 region will take it further up to 114.00 and higher. Intermediary support is at the 110.50/60, while resistance is through the 114.00 range. If prices fall back below the 110.50 levels, it remains quite possible that 109.50 would be in focus. Look to buy on dips.

Trading Recommendations:

Look to go long around 109.50, 110.00 region, or on a break above 112.00, target would be 114.00.

Good Luck !

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EUR/JPY Weekly and Monthly Pivot Points and Signals For December 24-29, 2012 Trend News

As we all know the Japanese government is determined to devalue its currency. The EUR/JPY pair is very bullish, but will the Japanese government be able to weaken the yen enough to keep buyers? Technical indicators such as RSI is in the overbought territory, so there is probably a correction during next few days. Thus, we have traced the likely movements according to the table pivots.

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

Signals for December 24-29, 2012

Sell if pullback is at 112.41 (W_PPV) with take profit at 111.17, stop loss is above 109.85 (W_R1).

____WEEKLY_____

Weekly - R3 = 114.97

Weekly - R2 = 113.73

Weekly - R1 = 112.41

Weekly Pivot = 111.17

Weekly - S1 = 109.85

Weekly - S2 = 108.61

Weekly - S3 = 107.29

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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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