Silver bottoms out at 28.00; looking higher now Trend News

Technical outlook and chart setups:

As depicted in the daily chart, Silver finally retraced to the much expected 0.786 Fibonacci support level at 28.00/10 on Friday, before pulling back sharply at close. As seen here, a hammer (dogi) candle has been produced, indicating a possible reversal ahead. Intermediary support is just below 28.00, followed by 27.50 and 27.00; while immediate resistance is at 29.50, followed by 30.50, 31.00, 32.50 and higher respectively. It is highly recommended to hold long positions taken earlier, add further if possible. Looking higher from here on.

Trading recommendations:

Hold on to long positions taken earlier, stop at 27.00, target 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 Silver bottoms out at 28.00; looking higher now . Thanks for your support on Silver bottoms out at 28.00; looking higher now

GBP/USD monthly analysis for March 1, 2013 (bearish strategy) Trend News

The British pound has hit a new low since July 2010. Recently it has collapsed losing a weak short-term uptrend. This drop was due to a low manufacturing PMI, which stood below the level of 50 points for two consecutive months. You may look at the chart below, we have tried to visualize the timeline in the behavior of this pair. So, in monthly graph you may notice that this pair has broken the uptrend that started in December 2008, and it had three attempts to break this level in May 2010 and June 2012, but the last was critical for pound. This year in February this pair is in an oversold level on the monthly charts. If you look at the RSI indicator, it is marking - 0.13, indicating that at this level there may be a strong technical rebound. On the other hand, the momentum indicator is showing a reversal of the pair for the next few days. If technical rebound does not appear to be the next bearish target for the pound, it is in the 1.4789 fractal monthly. On the other hand a pullback to the break area of the uptrend line will give us an opportunity to sell this pair again at the closure of weekly charts above 1.50, which adds the pound upward movement for the next few days.

If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com

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



For detail explanation and best discovery on market trends you may visit via GBP/USD monthly analysis for March 1, 2013 (bearish strategy) . Thanks for your support on GBP/USD monthly analysis for March 1, 2013 (bearish strategy)

Silver testing recent lows at 28.40; bullish reversal expected (March 1, 2013) Trend News

Technical outlook and chart setups:

As depicted in the 4H chart, Silver seems to have just completed its retracement around 28.40. Furthermore, it is also been supported by the 0.786 Fibonacci support and the trendline. Intermediary support will be provided by 28.20/30, while resistance is at 29.50 for now. It is still recommended to hold on long positions and plan to add further around current levels. Looking higher, but 28.30/28.00 remain key levels.

Trading recommendations:

Hold on to long positions, add further around current levels (28.40), stop at 27.00 target 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 Silver testing recent lows at 28.40; bullish reversal expected (March 1, 2013) . Thanks for your support on Silver testing recent lows at 28.40; bullish reversal expected (March 1, 2013)

Gold completes retracement at 1570/75; a buy opportunity on hand (March 1, 2013) Trend News

Technical outlook and chart setups:

As seen in the 4H chart, Gold has completed retracement near 1570/75; and it is further providing a clear bullish opportunity at the following confluences:

1. The 0.618 Fibonacci support of recent upswing rally from 1555.00 to 1620.00.

2. Backside of the trendline that acts as support now.

3. Past resistance turned support around 1570/80.

4. The Morning Star Bbullish signal appears in the 1H chart.

Trading recommendations:

Hold on to long positions taken earlier, initiate fresh longs as well, stop at 1540.50, target open. 1660 is reachable 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 Gold completes retracement at 1570/75; a buy opportunity on hand (March 1, 2013) . Thanks for your support on Gold completes retracement at 1570/75; a buy opportunity on hand (March 1, 2013)

EUR/JPY rally to extend; 124.00 in sight (March 1, 2013) Trend News

Technical outlook and chart setups:

As seen in the 4H chart, EUR/JPY seems to have formed base at the following convergences:

1. Fibonacci 0.786 support. 2. Fibonacci 61.8 extensions of the downswing (127.90-124.00). 3. Past resistance turned support region. Looking into the above-mentioned facts, it is recommended to hold on existing long positions and look to add further (now) as well. Intermediary support is at 118.70/80 followed by 117.00 and 116.00 respectively. Resistance will be strong near 124.00. Looking higher for now. 118.70 remains key for bears to take further control.

Trading recommendations:

Hold on to long positions taken earlier, stop at 118.50, target 124.00.

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 EUR/JPY rally to extend; 124.00 in sight (March 1, 2013) . Thanks for your support on EUR/JPY rally to extend; 124.00 in sight (March 1, 2013)

GBP/CHF tests trendline around 1.4200; breakout possible if 1.4260 is breached (March 1, 2013) Trend News

Technical outlook and chart setups:

As seen in the 4H chart, the currency pair has broken out of the sloping resistance line and tested the 1.4200 level again. Immediate short-term movement should be towards 1.4150/00. A positive bounce from there would warrant further bullish scenario towards 1.4260 at least, which is immediate resistance, followed by 1.4350 and higher. Furthermore, the current price action is also stalled by the past support turned resistance zone. It is recommended to continue holding short positions for now.

Trade recommendations:

Hold on to short positions for now, stop at 1.4300, target at 1.3800. If prices reverse from 1.4100/50, flip trades.

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 GBP/CHF tests trendline around 1.4200; breakout possible if 1.4260 is breached (March 1, 2013) . Thanks for your support on GBP/CHF tests trendline around 1.4200; breakout possible if 1.4260 is breached (March 1, 2013)

GBP/USD Key Fractal 1.5235 for February 28, 2013 (daily strategy) Trend News

The pound sterling resumes its uptrend within 4H chart after touching a new low of more than 2.5 years this week. Further up it has a very strong obstacle of fractal 1.5235 that is pressing the pair down. In order to confirm the trend change, the pair must break this level and close above it. Thus, if the pair takes a pullback to the fractal, it is recommended to sell it with the objectives to 1.5160. Buy the pair above 1.5235 with the goal towards 1.5410 fractal. The momentum indicator is under the downward pressure, although no bullish signals can be seen.

If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com

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



For detail explanation and best discovery on market trends you may visit via GBP/USD Key Fractal 1.5235 for February 28, 2013 (daily strategy) . Thanks for your support on GBP/USD Key Fractal 1.5235 for February 28, 2013 (daily strategy)