Technical analysis of GBPJPY for April 4, 2014 Trend News

Overview:

GBP/JPY is expected to consolidate with bearish bias as markets await U.S. non-farm payrolls report. GBP/JPY is undermined by the weak euro sentiment, diminished risk appetite and Japan exporter sales. But EUR/JPY losses are tempered by the demand from Japan importers and loose Bank of Japan monetary policy and positions adjustment before weekend. Daily chart is mixed as MACD is bullish, five-day moving average is above 15-day MA and is advancing, but stochastics is turning bearish at overbought zone.

Trading recommendation:
The pair is trading below its pivot point. It is likely to trade in a lower range as far as it remains below its pivot point. Short position is recommended with the first target at 171.65. A breach of this target will move the pair further downwards to 170.90. The pivot point stands at 172.70. In case the price moves in the opposite direction and bounces back from support level, and then it moves above its pivot point, it is likely to move further to the upside. In that scenario, a long position is recommended with the first target at 173.15 and the second target at 173.60.

Resistance levels:

173.15

173.60

174.20

Support levels:

171.65

170.90

170.30

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



For detail explanation and best discovery on market trends you may visit via Technical analysis of GBPJPY for April 4, 2014 . Thanks for your support on Technical analysis of GBPJPY for April 4, 2014

Technical analysis of GBP/CHF for April 04, 2014 Trend News

Technical outlook and chart setups:

1. The GBP/CHF pair has finally broken out of the resistance trend line stopping us out at 1.4800 levels. The pair would want to target 1.4850 atleast from here on, before retracing. Recommendations are to remain flat for now, and look to buy lower.

2. Intermediary support is at 1.4450, followed by 1.4350, 1.4200 and lower, whir resistance is at 1.4850/1.4950/60, followed by 1.5120 respectively.

3. The structure indicated that bulls might have regained control back for the moment and they would want to target 1.4850 and subsequently 1.4950/60 levels from here on. Look to buy on retracement.

Trading recommendations:

Remain flat for now.

Good luck!

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



For detail explanation and best discovery on market trends you may visit via Technical analysis of GBP/CHF for April 04, 2014 . Thanks for your support on Technical analysis of GBP/CHF for April 04, 2014

Technical analysis of EUR/JPY for April 04, 2014 Trend News

Technical outlook and chart setups:

1. The EUR/JPY structure is simplified here. It has been forming a cone consolidation since several trading sessions, and prices are broadly bouncing off the support and resistance lines as seen here. Yesterday prices again bounced off the resistance line at 143.50 region, forming an evening star bearish signal. It this holds good, bears should resume the down swing towards support line at east. On the event of a bullish break out, the pair would be eying fresh highs.

2. Intermediary resistance is at 143.80/144.00, followed by 145.50, while intermediary support is at 140.00, follower by 138.50 and 136.00 respectively.

3. The structure indicates that a bullish triangle break out should be bought. On the other hand if 144.00 holds, bears would remain in control.

Trading recommendations:

Remain short for now, set stop at 144.00, target is open.

Good luck!

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



For detail explanation and best discovery on market trends you may visit via Technical analysis of EUR/JPY for April 04, 2014 . Thanks for your support on Technical analysis of EUR/JPY for April 04, 2014

Technical analysis of Gold for April 04, 2014. Trend News

Technical outlook and chart setups:

1. Gold seems to have formed an intermediary base at $1,277.00 levels for now. It is also the fibonacci 50% retracement of the recent rally as seen here. Bulls should remain inclined to stage at least a counter trend rally from current price, extending to $1,350.00 levels. It is recommended to remain long for now, risk remains at $1,270.00.

2. Support is at $1,230.00/40, followed by $1,210.00 and lower while resistance is at $1,350.00, followed by $1,388.00 respectively.

3. The structure indicates that bulls should remain in control and $1,277.00 should hold for now. Even if Gold has to continue its long term down trend, it should possibly stage a rally towards the back side of the trend line at $1,350.00.

Trading recommendations:

Remain long, set stop at $1,270.00, target is open.

Good luck!

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



For detail explanation and best discovery on market trends you may visit via Technical analysis of Gold for April 04, 2014. . Thanks for your support on Technical analysis of Gold for April 04, 2014.

EUR/NZD analysis for April 04, 2014 Trend News

Overview:

Since our previous analysis, the EUR/NZD pair has been trading downwards, as we expected, the price tested and rejected from the level of 1.6177 (Fibonacci extension 161.8%). According to the daily chart, we can observe supply overcoming demand (up-thrust bar) on very high volume, which is a sign that buying at this stage looks very risky and that we may see further bearish continuation on this pair. The price rejected from our Fibonacci expansion 161.8% level at the price of 1.5810 and tested Fibonacci retracement 38.2% at the price of 1.6018. If the price breaks the level of 1.6018 on higher volume, we may see testing the level of 1.5920 (Fibonacci retracement 61.8%). Watch for selling opportunities after retracement.

Daily pivot Fibonacci points:

Resistance levels:

R1: 1.6145

R2: 1.6178

R3: 1.6231

Support levels:

S1: 1.6039

S2 : 1.6006

S3: 1.5953

Trading recommendation: Be careful with buying the EUR/NZD and watch for selling opportunities after retracement.

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/NZD analysis for April 04, 2014 . Thanks for your support on EUR/NZD analysis for April 04, 2014

Technical analysis of Silver for April 04, 2014. Trend News

Technical outlook and chart setups:

1. Silver seems to have re-tested the sub $19.50 levels again. Prices should pass through the $20.20/30 intermediary resistance to instil further confidence in the bullish structure. Recommendations are to remain long for now, risk remains at $19.00 levels.

2. Support levels are at $19.00, followed by $18.75, and lower, while resistance begins from $21.70/$22.30 (intermediary), followed by $23.00 and higher up.

3. The structure remains constructive for bulls for now. Please note that the rising trend line support and $19.00 levels remain intact.

Trading recommendations:

Remain long for now, set stop below $19.25, target is open.

Good luck!

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



For detail explanation and best discovery on market trends you may visit via Technical analysis of Silver for April 04, 2014. . Thanks for your support on Technical analysis of Silver for April 04, 2014.

GOLD analysis for April 04, 2014 Trend News

Overview:

Since our last analysis, gold has been trading sideways, around the price of 1,291.00, we are still waiting for a larger movement. Our previous analysis is still active and we've got good progress. According to the daily chart, we can observe supply bar on volume below the average. Gold tested and rejected from our submajor Fibonacci retracement 38.2% at the price of 1,293.00. According to the short-term prospective Gold is in progress of bearish corrective phase and I've placed Fibonacci Retracement to find the first down station. I got Fibonacci Retracement 61.8% at the price of 1,263.00. If the price breaks the level of 1,279.00 on higher volume, we may see testing the level of 1,263.00, otherwise Gold may start larger bullish correction. According to the H1 timeframe, we can observe demand on higher volume and abcd bullish corrective form. I placed Fibonacci extension levels to find the potential end of bullish corrective phase and I have got Fibonacci extension 161.8% at the price of 1,295.00. If the Gold breaks the level of 1,295.00 on high volume, next resistance may be at the price of 1,302.00 (Fibonacci retracement 61.8%). Be careful with short-term buying and watch for selling opportunities after the bullish correction.

Daily pivot Fibonacci points:

Resistance levels:

R1: 1,291.87

R2: 1,294.77

R3: 1,299.47

Support levels:

S1: 1,282.47

S2: 1,279.57

S3: 1,274.87

Trading recommendation: Trading the metal, be careful with short term buying at this stage since gold is in progress of bearish corrective phase. Watch for selling opportunities after retracement.

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 April 04, 2014 . Thanks for your support on GOLD analysis for April 04, 2014