Analytics

Daily Forex Analytics from Instaforex to get more Pips

  • AUD/USD analysis for April 10, 2013

    AUD/USD Elliott Wave   Since our last analysis the AUD/USD pair has been trading upwards, impulsive wave 3 (coloured blue) of the bigger wave (5) (coloured green) has finished its development. Yesterday, during the Asian and European sessions we could observe strong ascending movement from 1.0405 towards the 1.0467 level. Therefore, during the New York session this currency has continued trading in a bullish mood and the price reached ...

    Posted at April 10, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • USD/CAD analysis for April 10, 2013

    USD/CAD Elliott Wave   For the last two days the USD/CAD pair was trading downwards, corrective wave 2 (coloured blue) of the bigger wave (5) (coloured green) was developing. Yesterday, during the European session we could observe strong descending movement from 1.0174 towards the 1.0134 level and we can consider this movement as the end of the corrective wave 2 (coloured blue). Therefore, during the early New York session ...

    Posted at April 10, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GbpChf bounces off 1.4220/30 lows. Reduce short positions

    Technical outlook and chart setups: According to the 4H chart view depicted here, the following trade strategy seems to be more probable now. The single currency pair has bounced off sharply from lows at 1.4220/30 region; which could possibly give way to further upside towards 1.44 before reversing. A conservative trading approach suggests that short positions should be at least reduced, giving room for further rally and then re-entering; while an aggressive approach would ...

    Posted at April 9, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EurJpy reverses just shy of 130.00. These are resistance levels, prepare to short

    Technical outlook and chart setups: The single currency pair has rallied to fresh highs, just shy of 130.00 level, as seen on the daily charts here. Please note that a doji pattern is under construction now which shows indecision and there are fair chances of a reversal to materialize by tomorrow. Looking into smaller timeframes (4H and lower), prices have already produced bearish signs around 129.90 region. Aggressive traders could initiate short positions now ...

    Posted at April 9, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • Gold: Retracement underway. Bottom seen at 1,555/60. Remain long

    Technical outlook and chart setups: The yellow metal seems to be retracing its recent gains from 1,540.00 level lately. 1,555.50/1,556.00 levels seem to be good support now and a bottom is more likely to form at these levels as 0.618 Fibonacci support is also around the same region. Major support is around 1,530/40 levels, followed by 1,520/25; while initial resistance is laid at 1,610/20, followed by 1,650/60 and higher up. It is strongly recommended ...

    Posted at April 9, 2013 | By : | Categories : Forex Analysis | 0 Comment