Analytics

Daily Forex Analytics from Instaforex to get more Pips

  • EurJpy prints fresh highs. Book max profits now at 128.30

    Technical outlook and chart setups: As seen on the Daily chart view presented here, the single currency pair has managed to take off resistances at 127.00 and 127.90 and printed fresh highs around 128.50. It is recommended to take profits now (128.30) and remain flat for now. Looking into the wave structure here, 119.00 level is now immediate strong support, and this rally still has potential to extend towards at least 130.00. Higher levels ...

    Posted at April 8, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • Gold produces bullish reversal on daily chart. Remain long and favor buying on dips

    Technical outlook and chart setups: The daily chart view presented here shows a key reversal signal appearing finally; after much awaiting and anticipations near major support at 1,530/40 levels on Friday. Looking into the overall wave structure, an ABC seems to have formed now with A= 1,525.00, B=1,798.00, and C=1,540.00. This could potentially take us to a D extension above 1,798.00 in the coming months (this is a long-term view). For now, it is ...

    Posted at April 8, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • Silver reverses ahead of 26.00. Remain long

    Technical outlook and chart setups: As depicted on the Daily Chart view here, the metal has finally produced a bullish reversal as a Morning Star on Friday last, just ahead of major support at 26.00. Believe it or not, this could just be a major long-term reversal trading signal; and it is highly recommended to hold long positions taken last week; also buy on dips from here on. Looking into the overall swing structure, ...

    Posted at April 8, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GBP/USD – strong resistance 1.5278 – for April 05, 2013 (daily strategy)

    Yesterday the British pound managed to recover from the downward pressure that led it until support levels of short-term bullish channel. This pair has a strong resistance in the 1.5278 area, daily fractal level. If you look at the chart, this pair is still below the long-term bearish channel. Therefore, it will be hard to overcome this level, so we believe that there must be a new sequence bearish for the next few hours. Therefore, ...

    Posted at April 6, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GBP/USD intraday technical analysis and trading recommendations for April 5, 2013

      Looking at 1.5250 which was tested on Monday, the GBP/USD pair expressed quite significant bearish price action followed by the bearish engulfing candlestick that lead the pair towards 1.5150. Breakdown of support level around 1.5150 allowed a quick movement towards the major support around 1.5070 that expressed quite strong bullish reaction. Today few hours ago, the GBP/USD pair has failed to remain below 1.5240-1.5255 breaking ...

    Posted at April 6, 2013 | By : | Categories : Forex Analysis | 0 Comment