EUR/NZD : analysis for November 26, 2014 Market Analysis Review

Overview:

In our last analysis, EUR/NZD has been trading upwards. As we expected, the price tested the level of 1.5999 in an average volume. According to the 4H time frame, we can oberve an absorption volume like we expected. Our Fibonacci retracement 38.2% at the price of 1.5945 is on the test. If the price breaks the level of 1.5945 in a high volume and strong price action, we may see potential testing the level of 1.6135. Be careful when selling EUR/NZD since we got absorption volume in the background. Watch for potential buying opportunities on the lows.

Daily Fibonacci pivot levels:

Resistance levels:

R1: 1.6003

R2: 1.6050

R3: 1.6126

Support levels:

S1: 1.5851

S2: 1.5804

S3: 1.5728

Trading recommendations: Be careful when selling EUR/NZD since we got a strong absorption volume in the background.

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



For detail explanation and best discovery on daily market trends and news you may visit via EUR/NZD : analysis for November 26, 2014 . Thanks for your support.

Gold : analysis for November 26, 2014 Market Analysis Review

Overview :

Since our last analysis, gold has been trading sidewas around the price of 1,200.00. We are facing another low volume day, which is a sign that buying at this stage looks risky. According to the daily time frame, we can observe weak demand, which is a sign that buying looks risky. I have placed Fibonacci expansion to find potential support levels and I got Fibonacci expansion 61.8% at the price of 1,194.00 (successfully tested), Fibonacci expansion 100% at the price of 1,188.00 and Fibonacci expansion 161.8% at the price of 1,177.00. If the price breaks the level of 1,194.00 in a high volume and strong price action, we may see potential testing the level of 1,188.00. According to the 1H time frame, we can observe fail absorption volume, which is a sign that buyers don't have power for a larger bullish movement. Be careful when buying at this stage but watch for buying opportunities after a bearish corrective phase.

Daily pivot Fibonacci points:

Resistance levels:

R1: 1,202.97

R2: 1,205.89

R3: 1,210.63

Support levels:

S1: 1,193.49

S2: 1,190.57

S3: 1,185.83

Trading recommendations: Watch for potential buying opportunities after retracement (buy on the lows).

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



For detail explanation and best discovery on daily market trends and news you may visit via Gold : analysis for November 26, 2014 . Thanks for your support.

Technical analysis of AUD/USD for November 26, 2014 Market Analysis Review

Overview :

• The AUD/USD pair had fallen from the strong level of 0.8575 and extended further to as low as 0.8536 yesterday. So, the first resistance had placed at th level of 0.8575 since yesterday. Also, it should be noted that the minor resistance will form at 0.8536. Then, according to previous events, the price is going to move between 0.8536 and 0.8460 in the short term. The price of 0.8460 will form a new double bottom in H1 chart. Furthermore, the price has set below 23.6% of Fibonacci retracement levels, for that we expect a saturation around the level of 0.8575 or/and 0.8536. Consequently, it is probably that the market will start showing the signs of bearish market again in order to indicate a bearish opportunity from the level of 0.8536. Accordingly, sell below the level of 0.8536 with the first target at 0.8500, besides it will call for a downtrend in order to continue bearish towards 0.8460 in order to create a new bottom. On the other hand, if bears will have forced to pullback above the level of 0.8575 and buyers will be able to break this level, therefore the best solution is to set a stop loss at the price of 0.8593.

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



For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of AUD/USD for November 26, 2014 . Thanks for your support.

Technical analysis of EUR/USD for November 26, 2014 Market Analysis Review

Overview :

• The EUR/USD pair is trading between the levels of 1.2360 and 1.2480 (those levels coincide with the Fibonacci retracement levels 00% and 50% respectively). It should be noted that the 1.2508 price will act as a strong resistance because it represents the ratio of 61.8% Fibonacci retracement levels in H1 chart. Moreover, the weekly pivot point has always set below the resistance and it will act as a minor resistance around the area of 1.2451. Therefore, it will be rather gainful to sell below the levels of 1.2508 or 1.2451 and look for further downside with 1.2357 and 1.2360 targets. It should also be reminded that the double bottom will set at the point of 1.2360; but the weekly support 1 has already been found at 1.2310. On the other hand, stop loss should always be taken in account, consequently, it will be of beneficial to set the stop loss above the resistance 1 at the price of 1.2540; because the stop loss must never exceed the maximum exposure amounts.

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



For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of EUR/USD for November 26, 2014 . Thanks for your support.

Elliott wave analysis of EUR/NZD for November 26 - 2014 Market Analysis Review

Today's support and resistance levels:

R3: 1.6004

R2: 1.5993

R1: 1.5972

Current spot: 1.5944

S1: 1.5917

S2: 1.5878

S3: 1.5849

Technical summary:

The correction we where looking for towards 1.5805 is currently unfolding. Short term, we expect minor resistance at 1.5972 will protect the upside for a break below minor support at 1.5917 and more importantly below support at 1.5878 confirming the decline to 1.5805, before this correction is over.

Trading recommendation:

We are looking for a EUR-buy possibility near 1.5805.

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



For detail explanation and best discovery on daily market trends and news you may visit via Elliott wave analysis of EUR/NZD for November 26 - 2014 . Thanks for your support.

Elliott wave analysis of EUR/JPY for November 26 - 2014 Market Analysis Review

Today's support and resistance levels:

R3: 147.43

R2: 147.27

R1: 147.04

Current spot: 146.65

S1: 146.55

S2: 146.27

S3: 146.03

Technical summary:

The correction towards 142.06 is still unfolding. We are currently looking for a break below minor support at 146.55 to confirm the strong decline towards 143.82 on the way lower towards 142.06 to end the correction from 149.13. At this point only an unexpected break above 147.39 will delay the expected decline towards 142.06.

Trading recommendation:

We are short in EUR from 146.90 with stop place at 147.50. If you are not short in EUR yet, then sell near 146.85 with the same stop at 147.50.

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



For detail explanation and best discovery on daily market trends and news you may visit via Elliott wave analysis of EUR/JPY for November 26 - 2014 . Thanks for your support.

Gold Technical analysis for November 26, 2014 Market Analysis Review

Gold price is trading very nervously still inside a trading range of $1,208 and $1,189. Ichimoku indicators remain bullish but with the tendency to change to neutral. Price is below the important resistance and pivot point of the 61.8% retracement of the decline from $1,255. Bulls should keep their stops tight as the down trend could resume any time.

Red line = support

Black lines = triangle

Gold price is trading inside a triangle pattern. Resistance is found at $1,204-$1,207 and support at $1,189-$1,193. Breaking either level will push price towards $1,225 or $1,170. Price is above the Ichimoku cloud and above the red trend line support. Breaking below the triangle will increase the chances of breaking below the support levels and push towards $1,145.

Red line = resistance

Black line = support

The short-term chart above shows the choppy action in Gold the last few days. There is no clear impulsive action from $1,130 and I believe that this upward move is only a correction against the bigger down trend. Prices usually reverse around the 61.8% retracement levels and this is what I expect to happen in Gold as long as price remains below $1,208.

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



For detail explanation and best discovery on daily market trends and news you may visit via Gold Technical analysis for November 26, 2014 . Thanks for your support.