Analytics

Daily Forex Analytics from Instaforex to get more Pips

  • GBP/USD intraday technical analysis and trading recommendations for June 7, 2013

    On Wednesday, the GBP/USD pair expressed daily closure at 1.5409. As expected, this opened the way towards 1.5580 then 1.5620. On the 4H chart, the visible bullish pressure being applied over 1.5400 resulted in the explosive bullish movement that occured Yesterday. The pair is failing to fixate above 1.5603 (the high of May and the backside of the depicted broken bullish channel). This will probably lead ...

    Posted at June 9, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • USD/CAD intraday technical analysis and trading recommendations for June 7, 2013

    The scenario of accidental confusion continued this week untill yesterday when we had this massive bearish daily candlestick that closed at 1.0260.  Support level around 1.0016-0.9995 provided evident bullish steam for the pair to step above 1.0300. Hence, there might be further bullish pressure to test 1.0430 level.  Today, the USD/CAD pair is still affected by the bearish pressure applied by yesterday's candlestick. However, price action should be watched around 1.0180 for evident bullish ...

    Posted at June 9, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • Gold still not completely out of consolidation. 1,415.00 needs to break

    Technical outlook and chart setups: The metal seems to be still in consolidation, though attempting to break out yesterday and today till now. We need to see a clear break above 1,415.00 level for a confirmation which remains absent for now. It is recommended to book profits on long positions taken yesterday at current price, 1,397/98 and remain flat for a while. There is a possibility that the metal falls back to the support ...

    Posted at May 30, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • Silver buy on dips. 20.00 seems to be strong bottom formation

    Technical outlook and chart setups: There is no change from what was discussed yesterday. The metal has been trading sideways by taking support at the Fibonacci 0.382 levels of recent rally from 20.00 to 23.00. Long positions taken yesterday can be held but please note that the metal can fall down towards the 0.618 support at 21.30/40 levels before rallying further up towards 25.00 and higher. Immediate resistance is seen at 23.30, followed by ...

    Posted at May 30, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EUR/NZD: Update

    Overview: Since EUR/NZD did not break our FE 161.8% (1.5851) price rejected from lower diagonal of our channel and made new high at price 1.6160 on ultra high volume. We got buying climax bar (ultra high volume bar) on the high new ground which may be potential short term top on this pair.Price also broke previous high (1.6050) but volume didnt confirm breakout so this breakout may be potential false breakout.Buying short ...

    Posted at May 30, 2013 | By : | Categories : Forex Analysis | 0 Comment