Analytics

Daily Forex Analytics from Instaforex to get more Pips

  • Daily trading forecasts (April 12, 2013)

    EURUSD: This week, the EURSD pair moved largely in a bullish mode. The price did succeeded (albeit temporarily) in breaking the market line at 1.3100 to the upside, but it could not sustain that success. The present bearish pullback, however, is not supposed to push the price below the support line of 1.3050, after which the market price would rise upwards again.USDCHF: Though it was not that much, the pair has ...

    Posted at April 12, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GBP/USD. Forcast for April 12, 2013

    Yesterday the pound followed the general bullish trend, FTSE100 grew 0.45%, DJIA added 0.42%, and the pound rose 52 points. Today the major macroeconomic event is US Retail Sales in March (it is revealed at 16:30 GMT+4). It is estimated to be flat vs. 1.1% in February. US Core Retail Sales is expected to drop 0.1% against 1% in February. Technically, the price did not manage to leave the Fibonacci extension on the H4 and consolidate above ...

    Posted at April 12, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GBP/USD. Forcast for April 11, 2013

    Despite the yesterday’s optimism on the stock market, the pound did not manage to reach the resistance of Fibonacci extension. Today there is possibility to do it, but the break off the line is unlikely. Today data on the UK is not released. Unemployment rate in Australia in March was 5.6% against 5.4% in February; that is weak. US Initial Jobless Claims are expected to be 362K (vs. 385K in the previous week). Probably it ...

    Posted at April 11, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • Gold looking to form bottom around current levels 1,550-1,555.00

    Technical outlook and chart setups: The existing wave structure for Gold remains retracement towards 1,550.00-1,552.00 levels and forming next bottom. Only if prices break below 1,520.00 level, there could be a significant shift in trend. As expected, the metal has retraced to Fibonacci 0.618 support today and could bounce off from here. It is still recommended to hold on to long positions taken earlier and plan to add further between 1,550.00 and 1,555.00. Major ...

    Posted at April 11, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • Silver retraces to 27.40. Look to re-enter buying around 27.00

    Technical outlook and chart setups: As discussed yesterday, prices still remain well within the sell zone of the sloping down trendline. Also, a retracement has been underway from 28.00 level and the metal has stalled around 27.30/40 for now. It remains quite possible for the prices to form base around 27.00/10 level, which is re-enforced by Fibonacci 0.618 support as shown here. Major support remains at 26.30/50 levels, while immediate resistance is at 29.20/30/50 ...

    Posted at April 11, 2013 | By : | Categories : Forex Analysis | 0 Comment