Technical analysis of GBP/USD for June 30, 2015 Market Analysis Review

Technical outlook and chart setups:

The GBP/USD pair is seen to be trading at 1.5720 now looking for an opportunity to rally towards at least 1.6000. Please note that the pair has retraced towards Fibonacci 0.382 support around 1.5630 and bounced back higher again. Bulls should be poised to hit higher highs until prices remain above at least 1.5600. It is hence recommended to initiate long positions at current levels with risk at 1.5600. Immediate support is seen at 1.5630 (interim) followed by 1.5450, 1.5250, and lower. Resistance is seen at 1.5900/50 and higher respectively.

Trading recommendations:

Initiate long position now, stop is at 1.5600, a target is open.

Good luck!

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Technical analysis of EUR/USD for June 30, 2015 Market Analysis Review

Technical outlook and chart setups:

The EUR/USD pair is trading around 1.1165/70 at the moment and is looking to rally higher. As seen here, the pair rallied through the levels of 1.1275/80 yesterday following a drop lower to 1.0950. Please note that the structure still reveals that EUR/USD continues approaching higher highs and higher lows. It bounced off its intermediary support trendline yesterday. It is recommended to initiate fresh long positions at the current level with risk at 1.0930. Immediate support is seen at 1.0950 followed by 1.0810 and lower. Resistance is seen at 1.1436 followed by 1.1450 and higher respectively.

Trading recommendations:

Initiate long positions, stop is at 1.0930, a target is at 1.1500 and 1.1800.

Good luck!

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 June 30, 2015 . Thanks for your support.

Technical analysis of Gold for June 30, 2015 Market Analysis Review

Technical outlook and chart setups:

Gold has retraced lower from recent highs and is trading around the level of $1,177.00 at the moment. Please note that the metal has bounced off the fibonacci 0.786 support off the rally between $1,160 and $1,205 earlier and bulls should be poised to push it higher towards the level of $1,225.00 until prices stay above $1,165.00. It is therefore recommended to remain long with risk around $1,150.00. Immediate support is seen at $1,160.00 followed by $1,143.00 and lower. Resistance is seen at $1,205.00 followed by $1,225.00 and higher respectively.

Trading recommendations:

Remain long for now, stop is at $1,150.00, a target is open.

Good luck!

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 Gold for June 30, 2015 . Thanks for your support.

Technical analysis of Silver for June 30, 2015 Market Analysis Review

Technical outlook and chart setups:

Silver is trading around $15.70 levels now after bouncing off from intraday lows at $15.60. The metal has retraced from yesterday's highs and seems to be ready to resume its rally towards $16.40 and $16.90. Bulls should be poised to remain in control until prices stay above yesterday's lows ($15.50). It is hence recommended to remain long and also look to add further at current levels with risk at $15.30. Immediate support is seen at the level of $15.50 followed by $15.30 and lower while resistance is seen at $16.30/40 followed by $17.20/30 and higher respectively.

Trading recommendations:

Remain long for now, stop is at $15.30, targets are at $16.40 and $16.90.

Good luck!

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 Silver for June 30, 2015 . Thanks for your support.

Technical analysis of EUR/JPY for June 30, 2015 Market Analysis Review

General overview for 30/06/2015 07:30 CET

The whole weekend gap had been filled in and the weekly pivot resistance at the level of 138.04 had capped the rally. On the other hand, the main impulsive count was invalidated due to wave one and wave four overlaps. Currently, there are two possible counts on the intraday chart and the key level that will invalidate one of those counts is the impulsive count-invalidation line at the level of 135.68.

Support/Resistance:

133.75 - Swing Low

135.68 - Alternative Impulsive Count Invalidation Level

136.13 - Weekly Pivot

136.67- Intraday Support

138.04 - WR1

138.09 - Intraday Resistance

Trading recommendations:

Daytraders should still refrain from trading and wait for the important levels to be tested first: the intraday resistance at the level of 138.05 or the invalidation line at the level of 135.68.

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For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of EUR/JPY for June 30, 2015 . Thanks for your support.

Technical analysis of EUR/JPY for June 30, 2015 Market Analysis Review

Technical outlook and chart setups:

The EUR/JPY pair is trading around 136.90 at the moment after hittin intraday highs at 138.00 yesterday. The pair has rallied sharply from yesterday's sub-level of 134.00 and it looks like the rally has potential to move higher. It is therefore recommended to hold long positions taken yesterday and also look to add further. Bulls should remain poised to be in control until prices stay above 133.00. Immediate support is seen at thre level of 134.00 (interim) followed by 133.00 and lower. Resistance is seen at 139.00 followed by 140.00/141.00 and higher respectively.

Trading recommendations:

Remain long for now, stop is at 133.00, a target is open.

Good luck!

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/JPY for June 30, 2015 . Thanks for your support.

Technical analysis of USD/CAD for June 30, 2015 Market Analysis Review

General overview for 30/06/2015 07:15 CET

The newest labeling had been slightly changed to incorporate the main impulsive count as s series of 1-2, (i)-(ii) wave progression and the alternative labeling of wave B blue: a double zig-zag pattern labeled as WXY brown. The current range is labeled as a part of a corrective cycle in wave ii blue or a part of wave XX. That would mean there is still a possibility for a double zig-zag to evolve into a triple zig-zag pattern as long as the level of 1.2215 is not violated. Please notice the near-term and longer-term outlook is still bullish.

Support/Resistance:

1.2128 - WS2

1.2245 - WS1

1.2275 - Intraday Support

1.2332 - Weekly Pivot

1.2420 - Intraday Resistance

1.2447 - WR1

1.2537 - WR2

Trading recommendations:

Daytraders should still refrain from trading and wait for the important levels to be tested first: the intraday resistance is seen at the level of 1.2420 and intraday support is expected at the level of 1.2275.

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 USD/CAD for June 30, 2015 . Thanks for your support.