Analytics

Daily Forex Analytics from Instaforex to get more Pips

  • Silver could be bought by at least 50% capacity at 22.90/95

    Technical outlook and chart setups: The metal continues moving sideways for a while and for now it is recommended to initiate at least 50% long positions at 22.90/95. The remaining 50% could be bought around 21.30/40, if prices fall to that level. Resistance is at 23.30 for now and a break above that would confirm an extended rally towards 25.50 at least. Higher up resistances are at 25.00 and 27.00 respectively. Intermediary supports are ...

    Posted at May 29, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EUR/USD: intraday technical analysis for May 29, 2013

     Overview:  The EUR/USD pair's support had been broken and it was turned to resistance around the price of 1.3011 last week. Consequently, the pair has already formed a strong resistance at 1.3010. Furthermore, after it could close above 1.3000 and the pair started signing for bullish market, it should also be noted that the price has still been trapped between 50% Fibonacci Retracement levels and 100%. As well the ...

    Posted at May 29, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GBP/USD: technical analysis for May 29, 2013

     GBP/USD:  Resistance: 1.5260 (sell below this level).  Support: 1.5000 (buy above this level for retesting this level for a short period).  Trend  (time frame: H1/H4): Upward (there is still an ongoing bullish trend). Range: 210 pips (weekly). Trading recommendations: According to the previous events, the price is still between the levels of 1.5180 and 1.5060.  The descending movement will probably be lower than the 1.5260 level ...

    Posted at May 29, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EUR/USD analysis for May 27, 2013

    EUR/USD Elliott Wave Since our last analyses the EUR/USD pair has been trading downwards, just like we expected, impulsive sub-wave 3 (coloured blue) of the final wave (5) (coloured green) has started its development. During the Friday's Asian and European sessions we could observe ascending movement from 1.2903 towards the 1.2992 level and we can consider this move as the end of the corrective wave 2 (coloured blue). ...

    Posted at May 27, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EUR/USD intraday technical and fundamental review for May 27, 2013

    Despite the intraday positivity and failure to consolidate below the key ascending trendline around 1.2835, we need to see the EUR/USD pair stable below this trendline in order to pursue the bearish momentum. We talked about consolidation of the pair within the price range 1.2950 -1.3240 and the importance of breakout off this zone for the liberation of the pair which already took place on May 10. The "Double-Top" pattern on the daily chart ...

    Posted at May 27, 2013 | By : | Categories : Forex Analysis | 0 Comment