Analytics
Daily Forex Analytics from Instaforex to get more Pips
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USD/CAD intraday technical analysis and trading recommendations for June 14, 2013
Support level around 1.0016-0.9995 provided evident bullish steam for the pair to step above 1.0300. Hence, there might be further bullish pressure to test 1.0430 level. The scenario of accidental confusion continued last week until last week on Thursday when we had this massive bearish daily candlestick that closed at 1.0260. Today, the USD/CAD pair is still affected by the bearish pressure applied during the last two weeks. However, price action should be ...
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Silver technical levels and trading recommendations for June 14, 2013
Overview As it was expected yesterday, the metal would reverse its bearish move to start its upward direction after hitting the Support level 21.50 yesterday and bounced from it. Today and as shown from the today's H4 chart the metal already took a bullish move after it has managed to break the Resistance level 22.00 and closed above it. But immediately it bounced again from the Resistance level 22.50 and currently ...
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GBP/JPY technical levels and trading recommendations for June 14, 2013
Overview From the today's H4 chart and as it was expected yesterday, the pair might take a new bullish signals in case of closing 4H above the resistance level 148.75 after it has been tested yesterday. Today the pair took an upward movement and managed to break the strong resistance area 154.00 then 150.00, but immediately it bounced again from the Resistance level 150.00 to reverse its upward direction and currently the ...
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GBP/JPY technical levels and trading recommendations for June 10, 2013
Overview From the today's H4 chart, we find that the pair opened this week above the Support level 152.50 and below the Resistance level 153.85. Currently it is testing it to continue its bullish trend. Given that the pair continues its bullish movement and closes 4H above the Resistance level, it would be another opportunity for more bullish signals with first target few pips below the Resistance level 154.75, then we should wait ...
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EUR/USD: Weekly and monthly pivot point and signal – for June 10 – 15, 2013
Last week, the EUR/USD pair was very positive. Now this pair is trading at 1.3219 after having covered the gap left in the opening week. This pair is located at 1.3159, above the weekly pivot, we believe the euro should go back to this level, to take bullish momentum. On the other hand, the break of the weekly pivot will add strength to the downward pressure that could lead to the first weekly support level, ...
