Technical analysis of EUR/USD for December 31, 2015 Market Analysis Review

When the European market opens, there is no economic news to be released today. The US will publish the economic data on the Natural Gas Storage, Chicago PMI, and Unemployment Claims. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.0988.

Strong Resistance:1.0982.

Original Resistance: 1.0971.

Inner Sell Area: 1.0960.

Target Inner Area: 1.0935.

Inner Buy Area: 1.0910.

Original Support: 1.0899.

Strong Support: 1.0888.

Breakout SELL Level: 1.0882.

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 December 31, 2015 Market Analysis Review

In Asia, Japan will not release any economic data, but the US will publish some economic data such as Natural Gas Storage, Chicago PMI, and Unemployment Claims. So, there is a strong probability that the the USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 121.06.

Resistance. 2: 120.82.

Resistance. 1: 120.59.

Support. 1: 120.29.

Support. 2: 120.05.

Support. 3: 119.82.

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 daily market trends and news you may visit via Technical analysis of USD/JPY for December 31, 2015 . Thanks for your support.

Daily analysis of major pairs for December 31, 2015 Market Analysis Review

EUR/USD: This currency pair has only moved sideways this week so far. It would be better to stay off the market because the price action does not show supremacy of bulls or bears at the moment. Momentum would return to the market early next week, which would make the price go either above the resistance level of 1.1000 or below the support level of 1.0850.

USD/CHF: This currency trading instrument is generally in an equilibrium phase, though the current price action is a threat to an ongoing bias. A move above the resistance level of 1.0000 would result in invalidation of the bearish bias in the market leading to a Bullish Confirmation Pattern. If the price fails to do this, the price is likely to continue its southward effort when there is a breakout in the market.

GBP/USD: The GBP/USD pair simply went flat on Wednesday. The bias is strongly bearish on the market, and the current upwards bounce is simply a rally in the context of a downtrend. The accumulation territory would be tested again: it could even be breached to the downside this week or next week.

USD/JPY: What has happened this week is best called a 'base.' Indeed, the price has formed a base, which is likely to send the price either south or north, depending on what happens to the yen next week. An upturn is much more likely in the market.

EUR/JPY: Here, the EMA 11 is below the EMA 56, and the RSI period 14 is below the level of 50. There is a Bearish Confirmation Pattern in the market; and therefore, further bearish movement on the EUR/JPY is not ruled out.

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Daily analysis of USDX for December 31, 2015 Market Analysis Review

On the H1 chart, the USDX is trying again a bullish consolidation above the 200 SMA, looking to rally towards the resistance level of 98.66. However, at the current stage we can expect a pullback to resume the short-term bearish bias, because an overall structure is still favoring this scenario. There is a strong demand zone around the level of 97.86.

H1 chart's resistance levels: 98.66 / 98.90

H1 chart's support levels: 98.14 / 97.86

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USDX breaks with a bearish candlestick; the support level is found at 98.14, take profit is at 97.86, and stop loss is at 98.43.

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Daily analysis of GBP/USD for December 31, 2015 Market Analysis Review

The GBP/USD pair is currently finding strong support at the level of 1.4802, where buyers remain active on a short-term basis. We are keeping our outlook in a bearish mode, because the cable is already consolidated below the 200 SMA. A breakout below the level of 1.4802 will expose the next level 1.4702. The MACD indicator is entering the negative territory.

H1 chart's resistance levels: 1.4918 / 1.4999

H1 chart's support levels: 1.4802 / 1.4702

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 found at 1.4802, take profit is at 1.4702, and stop loss is at 1.4908.

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Daily analysis of Silver for December 30, 2015 Market Analysis Review

Overview

Silver price continues to fluctuate near 13.96 level, and it is under negative pressure that comes from the EMA50 besides stochastic negative signal, which supports the continuation of the bearish trend in the upcoming period, which targets 13.50 and then 13.00 levels initially. In general, the negative scenario will remain valid and active unless we see a clear breach and stability with a daily close above 14.25 level. Expected trading range for today is between 13.70 support and 14.25 resistance.

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Daily analysis of GBP/JPY for December 30, 2015 Market Analysis Review

Overview

The attached H4 demonstrates that GBP/JPY's fall has resumed after brief consolidations and reached as low as 178.10 so far. An intraday bias is back on the downside. The current decline is expected to extend to test the 174.86 key support level next. On the upside, a break of 180.14 resistance will indicate short-term bottoming and bring stronger recovery first. GBP/JPY was close to the key cluster resistance of 61.8% retracement of 251.09 to 116.83 at 199.80, which is close to 200 psychological level. Break of 174.86 will confirm a trend reversal and bring a deeper fall to 38.2% retracement of 116.83 to 195.86 at 165.67. In case of another rise, we'll be cautious about strong resistance from 199.80/200.00 to bring reversal finally.

Daily Pivots: (S1) 177.91; (P) 178.72; (R1) 179.33;

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