Analytics

Daily Forex Analytics from Instaforex to get more Pips

  • Silver consolidates gains. 25.00 and 26.00 remain upside targets

    Technical outlook and chart setups: Silver is consolidating gains after breaking out of its trading range above 24.00 level last week. Further upside targets remain at 25.00 and 26.00 levels at least. It is recommended to remain long for now and also buy on dips. The 26.00/50 region is convergence of Fibonacci 0.618 resistance and past support turned resistance; hence it remains potential point of reversal to go short again. Higher up resistance levels ...

    Posted at April 29, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GOLD: Ichimoku Kinko Hyo weekly analysis for April 2013

    Gold now is held at the Weekly Tenkan Sen line at 1,470.34 as the Dynamic Resistance, but this week it seems the downside pressure is still going on. It has already been indicated by: 1. The price curve still trading below the "Kumo's". 2. The Chikou Span is pointing up BUT still below the "Kumo's”. 3. Senkou Span A now has a position below the Senkou Span B. 4. Tenkan Sen is still below the ...

    Posted at April 29, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EUR/USD – Buy above 1.2990 – for April 26, 2013 (daily strategy)

    The euro has not lost a medium-term uptrend for two reasons. The first one is it is trading above the 200-day moving and the second is the Momentum Indicator is above the moving average of the MACD, you can observe it on the graph. If in the next days the euro price enters and consolidates below it, then we note that there is a downward trend. Therefore, we now recommend buying the pair above 1.2990 ...

    Posted at April 28, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • AUD/USD – Buy above fractal 1.0225 – for April 26, 2013 (daily strategy)

    The Australian dollar is within a range between 200-day EMA, and 1.0224 fractal. Given the fact the Momentum Indicator is showing a bearish signal. The pair is likely to move down to the level of 1.0240. On this level we recommend buying, it is likely in the next few days the pair returns to the area of the 200-day moving average. Therefore, below 1.0225 the Aussie would initiate a new sequence, so we suggest placing ...

    Posted at April 28, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GBP/USD – Bearish outlook – for April 26, 2013 (daily strategy)

    The pound is optimistic with GDP of 0.3% in the quarter. Analyzing the technical chart I have no reason to believe that the pound will rise again, probably the increase of a few pips above but prolonged fall is expected to the 1.50 level, because the indicator is currently in negative zone and the moving average of the MACD is already very overbought, suggesting a decrease in the coming days. Therefore, it is recommended to ...

    Posted at April 28, 2013 | By : | Categories : Forex Analysis | 0 Comment