Analytics

Daily Forex Analytics from Instaforex to get more Pips

  • AUD/USD – Buy above fractal 1.0299 – for April 30, 2013 (daily strategy)

      The Australian dollar is supported above 1.0299 fractal, but it found strong resistance at 1.0344 zone. If the pair closes on 4-hour chart above this level you can buy with the nearest target in the level of 1.0397 around the 200-day moving average. On the other hand, given the fact, the Momentum Indicator is in the oversold area and moving average of MCAD is leading the fall, it is likely in the next few days ...

    Posted at April 30, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GBP/USD – Bearish outlook – for April 30, 2013 (daily strategy)

      The pound sterling is bullish in the short term. It is likely that during the American session today it pulls back towards the roof area of the bullish channel, around 1.5520/1.5550. But in the medium term we have a bearish outlook for the pair. For the reason the MCD moving average and the Momentum Indicator are showing strong bearish, target the 1.50 area. So we recommend selling on resistance levels with the nearest target in ...

    Posted at April 30, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EUR/USD – Buy above 1.3115 – for April 30, 2013 (daily strategy)

    The euro is in a decisive area and trying to break the short-term bearish channel. If you look at the chart, yesterday it tried to break 1.31 area, but found resistance. Given that it has retracted only about 30 points, this level is likely to be a new attempt to break it. Thus, we recommend buying above 1.3115 area with targets at 1.3225, around the third weekly resistance. If an upward movement continues, the next ...

    Posted at April 30, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • USD/CAD intraday technical analysis and trading recommendations for April 29, 2013

    Price zone 1.0200 - 1.0235, which corresponded to a downtrend line, has been broken through obviously last week. There is a continuation of flag pattern confirmed with daily closure above 1.0210 to have final target at 1.0400. However, it is important to note that signs of lack of bullish steam existed last week which was followed by the ongoing bearish impulse. Bearish rejection around 1.0300 was followed by ...

    Posted at April 29, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • Gold preparing retrace. Buy on dips, target is at 1,500/10

    Technical outlook and chart setups: Gold has been trading sideways, probably in wave 4, after hitting first measured target at 1,450.00 level last week. It is recommended to hold remaining long positions for now and also plan to buy on dips towards 1,500/10 levels. This region is past support turned resistance and further downswing is expected to continue from there. Also the Fibonacci 0.618 resistance is around 1,504.00 region, making it more favorable to ...

    Posted at April 29, 2013 | By : | Categories : Forex Analysis | 0 Comment