Technical analysis of Silver for November 12, 2014 Market Analysis Review

Technical outlook and chart setups:

Silver bounced off the $15.40/50 levels yesterday, which is fibonacci 0.50 support of the rally between $15.00 to $15.90. At the moment, the metal is seen to be trading around $15.70 mark, looking to push through $16.00 levels. Resistance is seen at $16.40, followed by $17.50, $17.80/18.00, while support is seen at $15.20/30, followed by $15.00 and lower respectively. As seen here, the metal remains very much in the sell zone of the sloping down trend lines and it actually needs to break above $17.50/80 levels to confirm that a bottom is in place.

Trading recommendations:

Remain long for now, stop at $4.75, the target is at least $16.40.

Good luck!

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Technical analysis of Gold for November 12, 2014 Market Analysis Review

Technical outlook and chart setups:

Gold has bounced off from the expected support region around $1,150.00 yesterday. At the moment, the metal is trading around $1,169.00/70.00 levels and is looking to challenge $1,180.00/85.00 immediately. A break above those levels could see the metal easily rallying up to the $1,208.00 mark at least. Resistance is at $1,250.00, followed by $1,290.00/1,300.00, while support is seen at $1,140.00 (interim), followed by $1,030.00 (interim) and lower respectively. It is recommended to remain long for short term and watch for price action around the $1,208.00 levels. Please note that the metal has to at least break through $1,250.00/55.00 levels, to challenge further highs.

Trading recommendations:

Remain long, stop at $1,140.00, the target is at least $1,208.00.

Good luck!

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Technical Analysis of EUR/JPY for November 12, 2014 Market Analysis Review

Ahead of the key euro zone's data, the cross is trading with a mild negative stance. The weaker than expected Japanese data adds some more pressure on JPY along with the BOJ's surprise decision. The Consumer confidence fell to 38.90 from 39.90 levels. Today, traders are keeping an eye on the euro zone's industrial data. The cross is trading near the parallel resistance at 144.84 of January 2014 high; above this 145.65 is an open target. The JPY is trading at 7-year low against the USD. In case if the pair breaches the 144.84 resistance level, fresh buying will added for a new target at the 145.65 levels initially. For an intraday session, we recommend selling below 143.70 with the targets at 143.00, 142.35, and 142.09. The panic will be triggered below the 143.00 levels. In case if prices correct below 142.09, 141.70 is also possible. On the higher side, we recommend buying above the 144.40 levels.

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Technical Analysis of GBP/JPY for November 12, 2014 Market Analysis Review

Ahead of the key economic data, BOE's quarterly inflation report, the pound is looking weak against JPY. At the latest session, the pair breached the previous high 184.33, but was unable to close above that. In case if the prices close above 184.33, it can challenge 185.50 and 187.50 in the near term. In today's session, we can expect huge volatility in the European market. Most people are expecting the dovish inflation report. In the early hours of today's session, the cross made high at 184.67, but rejected there and is trading below the opening price. The cross has hourly support at the 183.30 level. We recommend fresh buying above 184.40 with the targets at 184.67, 185.00, and 185.50 levels. On the down side, we recommend selling below 183.30 with the targets at 182.80 and 182.40 levels.

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Technical analysis of EUR/USD for November 12, 2014 Market Analysis Review

When the European market opens, the economic calendar will be updated with German WPI m/m and Industrial Production m/m. The US will release the economic data too such as the Wholesale Inventories m/m and 10-y Bond Auction. Therefore, amid the reports, EUR/USD will move low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.2519.

Strong Resistance:1.2511.

Original Resistance: 1.2499.

Inner Sell Area: 1.2487.

Target Inner Area: 1.2457.

Inner Buy Area: 1.2427.

Original Support: 1.2415.

Strong Support: 1.2403.

Breakout SELL Level: 1.2395.

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



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Technical analysis of USD/JPY for November 12, 2014 Market Analysis Review

In Asia, Japan will release the Tertiary Industry Activity m/m and M2 Money Stock y/y. The US will also publish some economic data such as Wholesale Inventories m/m and 10-y Bond Auction. So, there is a big probability the USD/JPY pair will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 116.31.

Resistance. 2: 116.09.

Resistance. 1: 115.86.

Support. 1: 115.58.

Support. 2: 115.35.

Support. 3: 115.13.

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



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Technical Analysis on GBP/USD for November 12, 2014 Market Analysis Review

Ahead of the key economic data, the pound looks weak in the early hours on Wednesday. In yesterday's session, the pound rose against the US dollar and closed at 2-day high. As per the 4-day closing data, the pair has support at the 1.5830 level. In case if the cable closes below 1.5830 at the end of today's session, the cable can extend its fall to 1.5750 and 1.5720 immediately. The cable has weekly resistance at 1.6025, above this we can expect 1.6092 and 1.6200. The unemployment rate and inflation report will decide the fortune of the cable. The unemployment rate has been falling from 8.4% to 6.0% level. On the downside, 1.5750 will act as strong support; below this 1.5620 and 1.5500 are open targets on a positional basis. Today in Asia's session, the cable is unable to breach the previous high. The pair has multiple resistance between the 1.6010 and 1.6025 levels. Until the h4 candle closes above 1.5835, the cable can challenge the 1.5960 levels. The panic will be triggered below 1.5830 levels. We recommend selling below 1.5835 levels.

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