USD/CAD H1 analysys for November 14, 2013 Trend News

General overview for 14/11/2013 09:30 CET

The main count has been invalidated and now the alternate count is in play.

This count indicates that wave X brown top is in place at 1.0506 and now some continuation to the downside should develop.

Wave a green is in place already and it had bottomed at 1.0438. Currecntly, the price is correcting that down move and I expect the golden descending trend line OR one of inraday resistance levels will hold.

Moreover, there is a new alternate count that indicates wave B green low at 1.0395 and the current price progression would be a continuation to the upside in wave C green. New highs confirms the alternate count. New low - invalidates it.

Support/Resistance:

1.0506 - Swing High

1.0494 - Intraday Resistance

1.0480 - 61%Fibo

1.0474 - Intraday Resistance

1.0466 - Weekly Pivot

1.0438 - 1.0444 - DEMAND ZONE

1.0438 - Swing Low

Trading recommendations:

For intraday scalps, the golden trend line rejection should be in play with entry at 1.0480 and SL above 1.0495 with potential TP at1.0444.

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via USD/CAD H1 analysys for November 14, 2013 . Thanks for your support on USD/CAD H1 analysys for November 14, 2013

#USDX analysis for November 14, 2013 Trend News

Althought the Dollar index has broken the upward sloping trend line that started at 79, prices have found support at the previous resistance level at the 80.60-75 area. The support area is shown with green colours in the chart. Resistance is still the 81.50 area where a triple top was formed.

The decline to 81.50 is in three waves for now and we believe this is a corrective pull back. If prices break above the intermediate high at 81.30, we will have confirmation that the up trend is resuming and that the correction is over. Breaking below the green support area is possible if buyers are not able to break above 81.30. We are bullish in the longer term and as far as the short term is concerned, we want to enter long if prices break above 81.30 and add to long position if 81.50 is broken.

The daily chart is starting to form a pattern of higher highs and higher lows, something that will support our bullish view. Our first target now is the 82-83 area to be reached as long as we trade above 80.50. In the longer term stop for bulls is 79. The longer-term bears should not have a position as the trend is upward.

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via #USDX analysis for November 14, 2013 . Thanks for your support on #USDX analysis for November 14, 2013

Gold analysis for November 13, 2013 Trend News

Gold has continued lower towards 1,265 without making any try for an upward bounce. Trend remains downwards and the bears still have the upper hand. Prices have now reached the important neckline area. Prices have made a low in the upper boundaries of that support area.

The daily chart above shows the important support area prices are found right now. We could see an upward bounce towards the downward sloping red trend line at 1,340-50. If this line is broken upwards we should anticipate prices to test 1,400-1,430.

The short-term trend could change if the prices manage to break above 1,283 and could push prices towards 1,300 where the next short-term resistance is. Important resistance is the 1,318 level and after that the 1,340 area. We will turn bullish if prices break above the blue trend line as shown above.

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 analysis for November 13, 2013 . Thanks for your support on Gold analysis for November 13, 2013

#USDX analysis for November 12, 2013 Trend News

The Dollar index remains supported by bullish trend and the prices are expected to continue higher to new higher highs. Trend remains up, our view remains bullish and the prices are expected to test 81.50 and break above it towards 82.

The dollar index remains bullish as long as the prices trade above the blue upward sloping trend line. Prices have not broken below support at 80.75-60 (previous resistance now turned to support) and we expect the double top at 81.50 to be broken.

Short-term support is found at 81 and below that at 80.80. Short-term resistance is found at 81.50 and long-term resistance as shown in the second chart is found at 81.65-70. We remain bullish with 81.70-82 as target as long as the prices trade above 81. Long-term target is 83.

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via #USDX analysis for November 12, 2013 . Thanks for your support on #USDX analysis for November 12, 2013

Gold analysis for November 12, 2013 Trend News

Gold is sliding downwards towards 1,280-70 and is reaching important support levels that could change the intermediate and long-term trend. The prices are moving downwards in an impulsive pattern and the decline has retraced more than the 76.4% of the 1,250-1,360 rise. This is not a bullish sign. However, confirmation of the bearish scenario will come with the break of 1,250$-60 neckline.

For the short-term trend to change upwards, the prices must break above the resistance levels, shown in the chart above. As long as the prices trade below the green downward sloping trend line, we remain bearish.

The daily chart shows that the prices are near important support and this is the area where we can see an upward move starting. If support fails, expect 1,250 to be broken and the prices push lower towards 1,200. A break above 1,300 could make us to buy a small position with a strategy to add above 1,325. Target is in the area 1,360-1,400. If resistance levels are not broken, then new lows are the targets.

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 analysis for November 12, 2013 . Thanks for your support on Gold analysis for November 12, 2013

EUR/JPY H1 analysis for November 12, 2013 Trend News

General overview for 12/11/2013 06:40 CET

The target level mentioned in yesterday's analysis has been hit and now we have a first clue that the Triple ZigZag correction might be done here on 50% Fibo of a larger swing and 88.6% Fibo of a lower swing. But we cannot be sure whether the correction is over or not in this cycle as long as price is moving in the upward channel. It is possible for the price to hit the SUPPLY zone as well. However, if this zone is broken, this will be first clue waves WXY brown in the count are finished and wave B black of alternate count is in place, and so then downward progression is terminated on 131.21 low.

Support/Resistance:

131.21 - Swing Low | WS1 |

132.19 - Intraday Support

132.45 - Weekly Pivot

132.90 - Intraday Support

133.13 - Intraday Support

133.32 - 50% Fibo

133.60 - 133.70 - SUPPLY ZONE | WR1 |

133.82 - 61% Fibo

Trading recommendations:

Sell zone shorts should be in play in anticipation of corrective leg up termination and downtrend resumption. Sl is above SUPPLY ZONE and TP is below the 132.21 level.

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via EUR/JPY H1 analysis for November 12, 2013 . Thanks for your support on EUR/JPY H1 analysis for November 12, 2013

EUR/JPY H1 analysys for November 11, 2013 Trend News

General overview for 11/11/2013 14:00 CET

The ZigZag wave WXY brown has been done now and corrective wave up is in progress.

The anticipated level for corretion to complete is 50%Fibo area at 133.32.

If SUPPLY ZONE is violated then alternate green count is invalidated as well as immediate impulsive wave progression is canceled.

Bias is still to the downside as long as SUPPLY ZONE holds.

Support/Resistance:

131.21 - Swing Low | WS1 |

132.19 - Intraday Support

132.45 - Weekly Pivot

132.70 - Intraday Support

133.32 - 50%Fibo Target

133.60 - 133.70 SUPPLY ZONE | WR1

Trading recommendations:

Short positions have two possible enties:

- 133.32 with SL above 133.83 and TP below 131.21.

- 133.60 with SL above 133.83 and TP below 131.21

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via EUR/JPY H1 analysys for November 11, 2013 . Thanks for your support on EUR/JPY H1 analysys for November 11, 2013