[B]Dear traders, participants and guests of the portal![/B]
In this thread we present fresh. Our news contain exhaustive information about topical events and facts of the financial world; we offer international statistical data in order to help you correct and enhance your trading strategy. We also present video news from portal. InstaForex-TV channel provides the latest information about fluctuations of currency rates and forecasts their influence on the future movement of currencies. Our news will be especially useful if you prefer intraday trading and use fundamental analysis.
Technical analysis of EUR/USD for November 21, 2014
Today, the economic calendar of Europe and the US lack any reports. So, considering this fact, there is probability the EUR/USD pair will move with low volatility during the trading day. TODAY TECHNICAL LEVELS: Breakout BUY Level: 1.2608. Strong Resistance:1.2601. Original Resistance: 1.2588. Inner Sell Area: 1.2575. Target Inner Area: 1.2545. Inner Buy Area: 1.2515. Original Support: 1.2502. Strong Support: 1.2489. Breakout SELL Level: 1.2482. 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.
I will give you a small tip. Even if the analysis works out and it is great, it could be presented much better. One will have to look at the charts to know what time frame the analysis is based on. The support/resistance levels appear to random at first glance, I assume a different time frame was used for the S/R levels. Also, if I am going to put my money on your analysis I would like to know why it is a buy or sell, just S/R breakouts? Lastly, you do not provide a stop loss, which means I have to “guess” my own or use no stop, which means if the market turns the other way would cost me a lot of money. Your feedback is appreciated.
[B]Technical analysis and trading recommendation on GBP/JPY for November 26, 2014 [/B]
The pound continues its winning streak for 6 weeks in a row. This week the cross is unable to breach the previous week high at 186.15. We recommend fresh buying only above the 186.20 levels. Today, the pair opened on a bearish note. The pair has support at 184.89. In case if the prices close above 186.15 on a daily basis, the pair challenges 186.90, 187.45, and 188.30. On the down side, in case if the price falls below 184.89, the pair can correct up to 184.70, 184.50, and 184.00. The panic will be triggered below the 183.90 levels. In the hourly chart, the prices are forming continuous symmetric triangle. We recommend risky trade buying above 185.60 with immediate targets at 186.00 and 186.10. For bears, we recommend selling below 184.50 with the targets at 184.30, 184.00, and 183.60. Risky traders can sell below the 184.70 levels. Today, the focus has shifted to second estimate of UK’s GDP.
Technical analysis of EUR/JPY for November 27, 2014
Technical outlook and chart setups:
The EUR/JPY has been drifting sideways for the last 2 trading sessions as depicted above. Please note that the immediate support trend line was breached earlier and the prices had dropped to 145.57. Since then, the pair has been trading in a range and might be preparing for a push higher towards 151.00 levels at least. Immediate support is at 145.50/57 (interim), followed by 145.00, 143.20/30 and lower, while resistance is seen at 149.00 levels respectively. It is recommended to hold long positions taken earlier, risk below the 145.50 levels. Bulls are expected to remain in control, till the prices remain above 145.50.
Trading recommendations:
Remain long, stop at 145.40/50, the target is 151.00 and 154.00.
Technical analysis of Silver for November 28, 2014 2014
Technical outlook and chart setups:
Silver remains structurally constructive for bulls till prices are above $15.90 levels and also in the buy zone of the support trend line. The metal is trading at $16.11 at the moment, after testing sub $16.00 levels today. Immediate support is seen at $15.90 levels, followed by $15.30, $15.00 and lower while resistance is seen at $17.40/50, followed by $17.80/18.00 levels and higher respectively. It is recommended to remain long, with risk around $15.50. The overall structure is no doubt bearish but the metal could possibly push higher till $15.90 remains intact.
Trading recommendations:
Remain long for now, stop at $15.50, the target is open.
Technical analysis of GBP/CHF for December 01, 2014
Technical outlook and chart setups:
The GBP/CHF pair seems to have formed base around 1.5075 levels as seen here. It is the fibonacci 0.50 support of the rally from 1.4950 to 1.5225 levels. A bullish turn around from these levels could raise price levels into the 1.5300/40 levels easily. It is therefore recommended to hold long positions for now, risk around 1.5000 levels. Immediate support is seen at 1.5075 (interim), followed by 1.5020, 1.4950 and lower while resistance is seen at 1.5225 (interim), followed by 1.5300, 1.5450, and 1.5550 respectively. A rally through 1.5300 levels seems quite possible for now.
Trading recommendations:
Remain long, stop below 1.5000, the target is at 1.5300/50.
Gold is looking to retrace the rally from $1,142.00 to $1,220.00 levels for now. Minimum level of expectations are around $1,170.00/75.00 levels if not lower. It is then recommended to initiate long positions, with risk below $1,140.00 levels. Immediate support on the daily chat view here is seen at $1,142.00, followed by $1,130.00 and lower, while resistance is seen at $1,235.00, followed by $1,255.00 and higher respectively. Bulls seem to be in control for now and till prices remain above $1,130.00/40.00 mark. A push above $1,220.00 would take the pair towards at least $1,255.00/60.00 levels.
Trading recommendations:
Remain flat for now. Look to buy around $1,175.00, stop at $1,240,00, target is $1,255.00.
Technical analysis of EUR/USD for December 08, 2014
When the European market opens, some economic news will be released such as German Industrial Production m/m, Italian Bank Holiday, Sentix Investor Confidence, and the minutes of Eurogroup’s meetings. The US will release the economic data too such as the Labor Market Conditions Index m/m. So, amid the reports, EUR/USD will move low volatility during this day.
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.
Technical analysis of Silver for December 09, 2014
Technical outlook and chart setups: An hourly chart view has been depicted here for Silver which is seen to be trading around 16.30.35 levels for now. The metal is drifting sideways in a cone fashion since Dec 02, 2014. A dip below $16.00 levels can be expected before the rally could resume. Minimum levels of expectations are $15.50/60 and $15.30 levels respectively. The price could go as low as $14.90 levels before bouncing back. Please note that the current structure might be that of an inverted head and shoulder, right shoulder being carved out now. The upside extensions are pointing towards $18.00 and $21.00 respectively. Immediate support is $15.50, followed by $15.30 and $14.90 while resistance is seen at $17.30/50, followed by $17.80/18.00 and higher up respectively.
Trading recommendations:
Buying on dips towards 15.30 and $14.90, stop at $14.20, the target is open.
Gold has pushed through resistance at $1,235.00 levels yesterday. Bulls are now poised to take out $1,255.00 resistance before a meaningful pullback can take place. It is recommended to remain flat for now and enter long after the expected pullback. Aggressive trade setup would be to initiate long positions, with risk at $1,219.00, targeting above $1,255.00 levels. Immediate support is seen at $1,220.00 (interim), followed by $1,190.00, $1,145.00 and $1,130.00 while resistance is seen at $1,255.00, followed by $1,295.00 and higher respectively. Bulls are in control for now and poised to take out $1,255.00 at least.
Trading recommendations:
Remain flat and await a meaningful pullback to enter long.
Gold has taken support from the $1,215.00 region yesterday. Please also note that the metal has bounced off the immediate trend line support as well. A push above $1,240.00 now, could bring the metal at $1,255.00 levels at least, on the flip side a break below the trend line support could test lower levels, before the rally resumes. Immediate support is seen at $1,215.00 (interim), followed by $1,190.00, $1,142.00 and lower while resistance is seen at $1,255.00 and higher up respectively. It is recommended to look to buy Gold on further dips towards $1,180.00 levels from here on.
Trading recommendations:
Remain flat for now, look to buy lower. Aggressive setup is to remain long, stop at $1,213.00, the target is at $1,255.00.
Gold is again trading at the lower range at $1,215.00 levels. Furthermore, the metal has broken below the immediate line of support as seen here. A further dip from current levels could take it towards $1,170.00 levels before rallying further. On the flip side, a bullish reversal now could rally towards $1,255.00 levels before producing a meaningful correction. Immediate support is seen at $1,190./92.00 levels, followed by $1,142.00 and lower while resistance is seen at $1,235.00 (interim), followed by $1,255.00 and higher respectively.
Trading recommendations:
Remain flat for now. Look to initiate long positions around $1,170.00/$80.00 levels.
Technical analysis of Silver for December 16, 2014
Technical outlook and chart setups:
Silver has further dipped towards sub $16.00 levels as seen here. The metal is supported by the fibonacci 0.382 level and also resistance turned support trend line as seen here. A bullish reversal could be bought here, risk remains at $14.50. Still, the best/optimum level would be $15.50/60 to enter long positions (potential right shoulder of an inverted head and shoulder reversal). Immediate support is seen at $15.50/60 (fibonacci 0.618), followed by $14.50 while resistance is seen at $17.40/50 levels, followed by $17.80/18.00 and higher up.
Trading recommendations:
Initiate long positions now and also around $15.60, stop at $14.50, the target is open.
