Analytics

Daily Forex Analytics from Instaforex to get more Pips

  • EurJpy holding line of resistance well. Remain short

    Technical outlook and chart setups: The single currency pair is testing and holding the sloping line of resistance well till now. Indications are towards a fresh low possibly to 121.00 level as depicted here. Immediate resistance is at 131.00, followed by 132.00 and 134.00 on the higher side; while support is strong at 119.00 level for now. As seen here, the outer line of support is passing through 113/114 levels. The currency pair can ...

    Posted at June 26, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • Gold at past congestion near 1,250.00

    Technical outlook and chart setups: The metal is right at the congestion of the following: 1. Past resistance becoming future support at 1,250.00. 2. Fibonacci retracement (0.50) of the rally between 680.00 to 1,900.00 levels. 3. Fibonacci extensions of the down cycle from 1,900 to sub 1,500 levels. A bullish reversal here should be bought against current lows. Another potential remains for the metal to test 0.618 retracement levels near 1,150.00 level before reversing for ...

    Posted at June 26, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • Silver searching for bottom. 17.00 seen as max downside

    Technical outlook and chart setups: Silver is searching for bottom formation/support levels. At the moment it remains at the following: 1. Past resistance turned support levels 18.50-19.20. 2. Fibonacci retracement levels of the entire rally from 08-10 to 49.00 level. 3. Fibonacci extension of the downswing from 49.00 to 34.00 level. A bullish reversal is possible here or around 17.00 level; before the metal reverses. Watch out for a bullish reversal on higher timeframes of ...

    Posted at June 26, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • USD/CAD intraday technical analysis and trading recommendations for June 24, 2013

    The USDCAD pair was declining for two successive weeks until strong recovery observed on June 14.  Daily closure above 1.0260 that took place on Wednesday allowed another bullish impulse to take place. The USD/CAD pair rose steeply last week approaching key-resistance level of the ascending channel as depicted on the chart.  Resistance level located at 1.0530 may trigger some bearish retracment within the ascending channel. However, breakthrough above 1.0595 level might delay any bearish ...

    Posted at June 24, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EUR/USD weekly technical levels for June 24 — 28, 2013

    Weekly technical levels:  Intraday trading recommendations:  According to previous events, the price has still been trapped between 1.3125 and 1.3080. The level of 1.3000 will indicate a strong support, moreover the price will be formed at a double bottom in this level. Therefore, it will be wise to buy at 1.3000 with the first target at 1.3211 (the weekly pivot point), then it will continue towards 1.3300. ...

    Posted at June 24, 2013 | By : | Categories : Forex Analysis | 0 Comment