Technical analysis of GBP/CHF for January 14, 2015 Market Analysis Review

Technical outlook and chart setups:

The GBP/CHF pair has pushed higher to 1.5475 levels as seen on the 4H chart view depicted here, just shy of the interim resistance at 1.5520 levels. It is recommended to book profits on long positions now and remain flat for a while. Aggressive traders might look to initiate 50% short positions at current price, risk remains at 1.5530 levels. The pair might dip lower below 1.5250 levels, forming a gartley, before resuming the uptrend. A break below 1.5350 would surely confirm the probability of pushing lower into 1.5200 levels. Immediate support is seen at 1.5350 levels, followed by 1.5250 and lower, while resistance is seen at 1.5520 levels respectively.

Trading recommendations:

Book profits on long positions and remain flat. Aggressive trade setup could be to initiate 50% short positions, stop at 1.5530, the target is at 1.5200.

Good luck!

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Technical analysis of Silver for January 14, 2015 Market Analysis Review

Technical outlook and chart setups:

Silver reached $17.20 levels before pulling back again towards $16.80 levels as seen on the 4H chart view depicted here. The metal should be well supported around $16.50/60 levels as immediate trend line support and past resistance turned support is around the same region. Immediate price support is seen at $16.20 levels, followed by $15.50, $14.50 and lower while resistance is seen at $17.40/50, followed by $17.80/18.00 and higher respectively. Bulls seem to be in control for now and hence it is recommended to hold earlier long positions while also looking to add up further on dips. The metal should print higher highs till $15.50 levels remain intact.

Trading recommendations:

Remain long and add on dips, stop at $14.50, the target is open.

Good luck!

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Technical analysis of Gold for January 14, 2015 Market Analysis Review

Technical outlook and chart setups:

Gold had hit $1,244.00 levels during early hours today before pulling back lower. Please note that the metal has hit minimum expected targets as depicted here (red lines). A pullback lower is expected towards $1,205.00/10.00 levels, before the rally resumes. It is recommended to remain flat and loon to buy around $1,210.00 levels, risk remains at $1,170.00 for now. Immediate support is seen at $1,210.00/05.00 levels, followed by $1,170.00, $1,143.00 and lower while resistance is seen at $1,255.00 and higher respectively. Bulls should remain in control till prices remain above $1,170.00 for now.

Trading recommendations:

Buy around $1,210.00/05.00, stop below $1,170.00, the target is open.

Good luck!

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Technical analysis of EUR/USD for January 14, 2015 Market Analysis Review

When the European market opens, some economic news will be released such as German 10-y Bond Auction, Industrial Production m/m, and French CPI m/m. The US will publish the economic data too such as the Beige Book, 30-y Bond Auction, Crude Oil Inventories, Business Inventories m/m, Import Prices m/m, Retail Sales m/m, and Core Retail Sales m/m. So, amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1826.

Strong Resistance:1.1819.

Original Resistance: 1.1808.

Inner Sell Area: 1.1797.

Target Inner Area: 1.1769.

Inner Buy Area: 1.1741.

Original Support: 1.1730.

Strong Support: 1.1719.

Breakout SELL Level: 1.1712.

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.

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Technical analysis of USD/JPY for January 14, 2015 Market Analysis Review

In Asia, Japan will release the Prelim Machine Tool Orders y/y, 30-y Bond Auction, and M2 Money Stock y/y. The US will publish some economic reports such as Beige Book, 30-y Bond Auction, Crude Oil Inventories, Business Inventories m/m, Import Prices m/m, Retail Sales m/m, and Core Retail Sales m/m. So there is a big probability the USD/JPY pair will move with low to medium volatility during the Asian day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 118.10.

Resistance. 2: 117.88.

Resistance. 1: 117.65.

Support. 1: 117.36.

Support. 2: 117.14.

Support. 3: 116.90.

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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Daily analysis of USDX for January 14, 2015 Market Analysis Review

The USDX continues to remain above the bullish trend line at the level of 92.20. On the H4 chart, we can see that this instrument could not overcome the barrier set by the resistance level of 92.62. Therefore, the bullish bias has not caught momentum in recent days, although this is normal, as the USDX had gained much bullish ground in recent weeks.

H4chart's resistance levels: 92.62 / 94.25

H4chart's support levels: 92.10 / 91.62

On the H1 chart, the USDX has consolidated again above the support level of 92.08, so the closest target in the short term remains the resistance level of 92.51. As a result, the USDX is forming a higher high pattern to gain more positions this week, due to the release of US NFP data during the session last Friday.

H1 chart's resistance levels: 92.51 / 92.92

H1 chart's support levels: 92.08 / 91.66

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 92.51, take profit is at 92.91, and stop loss is at 92.08.

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Daily analysis of GBP/USD for January 14, 2015 Market Analysis Review

On the H4 chart, the GBP/USD pair still finds strong pressure on the bearish trend line that is located near the 1.5148 level. Now, the GBP/USD pair could concentrate forces for a strong breakout at the 1.5150 level. If it succeeds, this pair is likely to get consolidated in the bullish bias above the level of 1.5235 in the medium term.

H4chart's resistance levels: 1.5341 / 1.5485

H4 chart's support levels: 1.5148 / 1.5017

The GBP/USD pair continues to move in a low range between 1.5198 and 1.5110. So, many traders exercise caution and keep away from trading within this area because of a high trading volume. GBP/USD has no clear trend in the short term. The MACD indicator is entering the neutral territory.

H1 chart's resistance levels: 1.5198 / 1.5249

H1 chart's support levels: 1.5146 / 1.5110

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.5146, take profit is at 1.5110, and stop loss is at 1.5183.

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