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Daily Forex Analytics from Instaforex to get more Pips

  • EUR/JPY Elliott Wave analysis for May 23, 2013

    WEEKLY 8 HOURLY Today's support and resistance levels: R3: 133.10 R2: 132.88 R1: 132.66 Current spot: 132.24 S1: 131.95 S2: 131.55 S3: 130.95 Technical overview: With the test of 133.81 yesterday, we have seen the end of wave 5 and wave I of the entire rally since the July 2 2012 low at 94.10. We are now entering a major correction as wave II, it should ideally correct to the bottom of wave 4 which comes in ...

    Posted at May 23, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GBP/JPY technical levels and trading recommendations for May 23, 2013

    Overview: As it was expected yesterday, the price would continue its bearish move after breaking the support area that consists of the intersection point of the downward trend line and the support level 154.75. Today and as shown in the H4 chart, the pair has already broken this support area and currently is trading below it.Therefore we suggest more bearish signals now with the first target few pips above the support level ...

    Posted at May 23, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EUR/USD – Buy above 1.2880 – for May 21, 2013 (daily strategy)

    The euro did not experience greate changes in the last few hours and there are significant variations. Although, according to the indicator of fractals, this pair is consolidating below 1.2878, daily fractal. If the euro closes the day below 1.2855, the fall could be fast until the next fractal 1.2599. On the other hand, a recovery of the euro has target in the area of the psychological level of 1.3003 and at the level of ...

    Posted at May 22, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • Daily trading forecasts for May 22, 2013

    EUR/USD: Here, there has been some rally in the context of a downtrend. The rally is serious enough to pull the Williams’ Percent Range towards the overbought territory, and the EMAs as well are under attack. Should the price go above the resistance line at 1.2950, it could lead to the invalidation of the current bearish outlook.USD/CHF: The bullish outlook is vivid on this pair and in spite of the sideways ...

    Posted at May 22, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • USD/CHF technical analysis for May 22, 2013

    Overview:  USD/CHF: It should be noted that the price has still been trapped between 0.9720 and 0.9670 and below strong resistance at the level of 0.9760 (100% of Fibonacci retracement levels in H1 chart). Moreover, it should be said that these levels are coinciding between 61.8% and 100% of Fibonacci retracement levels in H1 chart, and the pair has already formed a strong resistance at this level of 0.9760 and it is ...

    Posted at May 22, 2013 | By : | Categories : Forex Analysis | 0 Comment