Short-term forecast for USD/SGD for July 24, 2014 Trend News

The pair holds the support at 1.23 levels. The pair is trading in a complete bearish zone, moving below the medium-term moving averages. Until the pair holds the 1.23 level, the down move will pause for sometime. It's been making lower highs for 6 weeks. If the pair hits the 1.23 level, it can extend its fall to 1.2240 and 1.2128 levels.

The daily RSI indicates a pullback sign. The pair made a minor double bottom at 1.2340 in the daily chart and is moving to the initial resistance level at 1.24, a high made at 1.2389 in today's Asia's session. If the pair manages to trade above 1.24, it can fly up to 1.2421, 1.2458. A day close above 1.2458, the short-term trend turns to positive towards 1.2515 and 1.2560 levels.

Positional selling is only below 1.23 for targets at 1.2228 and 1.2243.

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



For detail explanation and best discovery on market trends you may visit via Short-term forecast for USD/SGD for July 24, 2014 . Thanks for your support on Short-term forecast for USD/SGD for July 24, 2014

Technical analysis of Gold for July 25, 2014 Trend News

Gold was pushed to a monthly low towards the parallel support at $1,284.50 and $1,280 (61 fib level). In yesterday's session, the metal held the support at 200DSma and bounced a bit back. But today in Asia's session the metal rejected at the 50 DSma at $1,293.75, a high made at $1,294.10 and started looking to the downside. The nearest support level is at $1,286.60, below this, $1,284.50 and $1,280 levels.

For an hourly view, the metal is trading below the hourly moving averages. The hourly RSI is indicating a minor positive divergence, hope $1,284.50 will act as strong support zone for the time being. The pair has resistance at $1,294.10 (6hr low), $1,298, $1,301, $1,303 and $1,307 levels. Until the metal trades below $1,306.70, selling on an up move will mint money.

On a positional basis, until the metal trades below $1,324.50, $1,270 is an open target with strong support at $1,284.50 and $1,280

Intraday resistance

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 July 25, 2014 . Thanks for your support on Technical analysis of Gold for July 25, 2014

Technical analysis of USD/JPY for July 25, 2014 Trend News

USD/JPY

Japan CPI rose by 3.3% in June. The BoJ raised the sales tax to 8% from 5% in April. The increase in the nation sales tax boosts the prices. The data has just been released. The pair exactly touches the 20WSma, trading at a one-week high. But the pair is unable to stay above the 20WSma. It was rejected at 20WSma. In the next week, we can see some kind of one side move, hoping for a range breakout. In the daily chart, the pair is facing resistance at 50DSma and the 50.0 fib level on a closing basis. The near term will turn to one side direction if the pair manages to close above the 50DSma.

The hourly stochastics is indicating an overbought zone. The pair has support at 101.70, 101.55 and 101.40. The pair looks weak below 101.33, 101.19 and 101.07 levels. Until the pair holds above 34HrSma (blue color), the up move will be intact.

Intraday support

101.70, 101.55, 101.40

A day close above 101.85 levels, one side direction towards 102 and 102.30, and in the near term bulls will have an upper hand.

Strong selling is only below 101.40.

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 USD/JPY for July 25, 2014 . Thanks for your support on Technical analysis of USD/JPY for July 25, 2014

Technical analysis of EUR/USD for July 25, 2014 Trend News

When the European market opens, some economic news will be released such as Belgian NBB Business Climate, Private Loans y/y, M3 Money Supply y/y, German Ifo Business Climate, GfK German Consumer Climate. The US will release the economic data too such as the Durable Goods Orders m/m, Core Durable Goods Orders m/m, so amid the reports, EUR/USD will move low to medium volatility during this day.

TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.3531.

Strong Resistance:1.3523.

Original Resistance: 1.3510.

Inner Sell Area: 1.3497.

Target Inner Area: 1.3465.

Inner Buy Area: 1.3433.

Original Support: 1.3420.

Strong Support: 1.3407.

Breakout SELL Level: 1.3399. DESCRIPTION:

Today EUR/USD has support and resistance at 1.3420 and 1.3510. The rate is accompanied by strong support at 1.3407 and by 1.3523 as strong resistance. If EUR/USD breaks out and closes below the 1.3399* level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3531 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3433 and at 1.3497, a SELL position. In this case both targets should be placed at the level of 1.3465. Disclaimer:
Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. 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/USD for July 25, 2014 . Thanks for your support on Technical analysis of EUR/USD for July 25, 2014

Technical analysis of USD/JPY for July 25, 2014 Trend News

In Asia, Japan will release the SPPI y/y, National Core CPI y/y, Tokyo Core CPI y/y, and the US will release some economic data such as Durable Goods Orders m/m, Core Durable Goods Orders m/m. So there is a big probability the USD/JPY will move with low to medium volatility during the day.

TODAY's TECHNICAL LEVELS:

Resistance. 3: 102.29.

Resistance. 2: 102.09.

Resistance. 1: 101.89.

Support. 1: 101.64.

Support. 2: 101.44.

Support. 3: 101.24. DESCRIPTION:

Please, pay attention to the levels of support 3 (101.24) and resistance 3 (102.29). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

Disclaimer:
Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. 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 USD/JPY for July 25, 2014 . Thanks for your support on Technical analysis of USD/JPY for July 25, 2014

Forecast for GBP/USD for July 25, 2014 Trend News

Today traders eye the US Prelim GDP q/q. The UK retail sales rose to 1.6% in the second quarter. The cable hit the 1.70 mark, missed the estimates. The retail industry increased by 3.6% compared with June 2013 and by 0.1% compared with May 2014. The cable drifted towards the short-term key support level at 50DSma and took a small bounce from there. On the down side, the pair has support between 1.6960-1.6946. A day close below 1.6960, the short term turns to negative 1.6920, 1.6888, 1.6850 and 1.68 levels. On the upper side, it has resistance at 1.71 (30DSma).

Monthly support 1.6920-1.69

The cable is trading below the hourly moving averages. The oversold hourly momentum oscillators saved the cable form moving to lower levels, held above 50DSma. The hourly support is at 1.6985-1.6980 (12hr low) and 1.6966. Until the pair trades below 1.7060, the pair is not fit for a strong up move.

21Hr Sma 1.7055

34Hr Sma 1.7040

35HDema 1.7014

Bulls' grip is above 1.70, strong momentum is only above 1.7060 levels.

Buying support zone 1.6960-1.6920

Fresh positional, sell again below 1.69

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



For detail explanation and best discovery on market trends you may visit via Forecast for GBP/USD for July 25, 2014 . Thanks for your support on Forecast for GBP/USD for July 25, 2014

Daily analysis of USDX for July 25, 2014 Trend News

Daily chart: The USDX continues to show strength in the current bullish trend as the USDX has strongly consolidated above the support level of 80.62. Additionally, the next objective for the USDX would be the resistance level of 81.00. If the USDX does make a breakout at that level, it would be expected to rise to the resistance level of 81.50. The MACD indicator is in positive territory.

H4 chart: The USDX remains above the support level of 80.60, so the USDX is trying to make a breakout on the resistance level of 81.02. If successful, it is expected to rise to the level of 81.40. Furthermore, if USDX is able to consolidate below the level of 80.60, it's expected to fall to the level of 80.34. The MACD indicator is in neutral territory.

H1 chart: The USDX has been moving in a range for the last few hours, so the next target remains the resistance level of 80.93. If the USDX does make a breakout at that level, the next target would be the resoistance level of 81.10. For now, the bullish trend is strong and buy orders are recommended. The MACD indicator is entering neutral territory.

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 80.93, take profit is at 81.09, and stop loss is at 80.78.

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



For detail explanation and best discovery on market trends you may visit via Daily analysis of USDX for July 25, 2014 . Thanks for your support on Daily analysis of USDX for July 25, 2014