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  • GOLD analysis for July 08, 2013

    Overview: Since our last analysis, Gold has been trading downwards as we expected. It continued down and tested the level 1,207.87. We rejected from FE 261.8 % (1H chart ) at price 1,267.00 and tested 1,207.87. I placed Fibonacci expansion levels to find the potential end of up corrective phase. Thus, I got FE 261.8% at price 1,269.00 and if that level holds, we may see down continuation. ...

    Posted at July 8, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EUR/USD: weekly technical levels for July 8 – 12, 2013

    Weekly technical levels:  General idea about the pivot point: R3 and S3 are considered to be clear indicators of the maximum range of extreme volatility, though it is possible to pass them through. Pivot lines work well on the sideways markets, as the prices are most likely to be located between the R1 and S1 lines. Within a strong trend the price ...

    Posted at July 8, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • Dollar Index may have topped

    Dollar Index is showing signs of a short term at least top at the 84.55. Our bullish targets as mentioned in previous posts were fulfilled and it is time to see a downward correction. The upward sloping trend channel still contains the trading prices of the Dollar Index. Support is being tested today at 84.30 as increased buyers strength in the EUR/USD puts pressure in the index.It is possible ...

    Posted at July 8, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GBP/USD rebounds above 1.50 – daily strategy for July 04, 2013

    Yesterday the British pound stopped weekly pivot point, then from there started its fall to the current level of 1.5055. In the afternoon European session the monetary policy was unveiled remaining whith no changes, but the thing caused the decline was the  "dovish" policy statement that collapsed all-day Wednesday gains. However, observing the chart, we see that this pair is below 1.5086 first weekly support. If the GBP/USD closes the week below this level, it is expected to fall ...

    Posted at July 5, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EUR/USD: buy long above 1.2850 – daily strategy for July 04, 2013

    The euro collapsed before the data remained strong above 1.30, but when it became known that the ECB's monetary policy remained unchanged, the euro fell to the level of 1.2877.  This level is now recovering, therefore you can buy at this level, with objectives at 1.2945 and 1.3048. Observing the chart, we expect the euro to bounce slighly to 1.3050,  where it will be possible to define the trend: if it rises above these levels, ...

    Posted at July 5, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GBP/USD technical analysis for July 5, 2013

      GBP/USD:  Resistance: 1.5140. (Sell below this level).  Support: 1.5000. (Buy above this level).  According to previous events, the price has been trapped between 1.5115 and 1.5070, hence it is of the wisdom to be careful in this area. Therefore, the first step is waiting for a period of a tight sideways range market before breakouts. Then, it is probable that the market is going to start showing the bullish ...

    Posted at July 5, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GOLD analysis for July 03, 2013

    Overview: Since our last analysis Gold has been trading downward moves, as we expected. We rejected from FE 261.8 % (1H chart ) at price 1,267.00 and tested 1,236.00. I placed Fibonacci expansion levels to find potential end of up corrective phase. Thus, I got FE 261.8% at price 1,269.00 and if that level holds, we may see down continuation. We are still likely to see testing of ...

    Posted at July 3, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • AUD/USD analysis for July 03, 2013

    AUD/USD Elliott Wave Since our last analyses the AUD/USD pair has been trading downwards, just as we expected, impulsive wave 5 (coloured blue) of the bigger wave [3] (coloured red) has been developing. During the Tuesday's Asian and European session we could observe descending movement from 0.9210 towards the 0.9128 level. Therefore, during the New York session this currency has continued trading lower and price has dropped to the ...

    Posted at July 3, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • USD/CAD analysis for July 03, 2013

    USD/CAD Elliott Wave For the last few days the USD/CAD pair has been trading upwards, impulsive wave 5 (coloured blue) of the bigger wave [1] (coloured red) has finished developing. Yesterday, during the Asian and European session we could observe ascending movement from 1.0500 towards the 1.0577 level and we can consider this move as the end of the impulsive wave [1] (coloured red). Therefore, during the New York session ...

    Posted at July 3, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • Let’s greet the winners! InstaForex contest digest.

    InstaForex is pleased to reveal the names of the winners, who were competing for the valuable prizes and gifts during the last contests and campaigns. Once again we would like to thank all the participants for the vigour, verve, and determination! Hope to see you again among the contestants. So, here are the results! InstaForex Sniper The weekly InstaForex Sniper contest is held among demo accounts with no restrictions. Perhaps, this is the reason for ...

    Posted at July 3, 2013 | By : | Categories : Instaforex News | 0 Comment