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  • GBP/USD technical analysis for June 24, 2013

        Overview: GBP/USD:  The resistance has already set at the level of 1.5494 as well as the support has also been set at 1.5309. Therefore, according to the previous events, the price has still been trapped between 1.5450 and 1.5420, then it should be noted that the range today will be around 95 pips. Consequently, the trend on the time frame H1 is called for a bearish market at the ...

    Posted at June 24, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • Results of InstaForex contests Another series of popular contests’ steps is over!

    InstaForex is glad to outline the results of the latest steps and congratulate the winners! We thank all the traders who expressed interest in our campaigns and joined them. Absolutely everyone can test his strength and skills in real conditions. You can also increase your trading account due to the prize money you can win. InstaForex provides the wide range of contests for you to reveal your strong points no matter what training you ...

    Posted at June 24, 2013 | By : | Categories : Instaforex News | 0 Comment
  • GBP/JPY technical levels and trading recommendations for June 21, 2013

     Overview  Proceeding from the today's H4 chart, the pair is still trading between the Support level 150.50 and the Resistance level 151.50 and currently the pair fails again to break the Support level. If the pair bounces from it to take an upward movement, it may continue its bullish trend and we will get a good opportunity to buy again above the Resistance level 151.50 till closing 4H above the Resistance ...

    Posted at June 24, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • Daily trading forecasts for June 24, 2013

    EUR/USD: There has been a clean bearish signal on this pair, and as such, it makes sense to seek only short trades this week. Since the pair dropped by over 200 pips last week, leading to more serious bearish pressure, it would not be difficult for the price to reach the support line at 1.3000 this week.USD/CHF: The run-up that was forced to take place last week had an eventual impact ...

    Posted at June 24, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • USD/CAD analysis for June 20, 2013

    USD/CAD Elliott Wave For the last few days the USD/CAD pair has been trading upwards, impulsive wave 3 (coloured blue) of the bigger wave [1] (coloured red) has been developing. During the Wednesday's Asian and European sessions we could observe descending movement from 1.0239 towards the 1.0175 level and we can consider this move as the end of the corrective sub-wave 2 of the wave 3 (coloured blue). Therefore, ...

    Posted at June 20, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • AUD/USD analysis for June 20, 2013

    AUD/USD Elliott Wave Since our last analysis the AUD/USD pair has continued trading downwards, just like we expected, impulsive wave 3 (coloured blue) of the bigger wave [3] (coloured red) has been developing. Yesterday, during the Asian and European sessions we could observe ascending movement from 0.9437 towards the 0.9555 level and we can consider this move as the end of the sub-wave 2 of the impulsive wave ...

    Posted at June 20, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EUR/USD. Forecast for June 20, 2013

      During the Fed's meeting it was decided not to change current monetary policy. However, according to Ben Bernanke's commentaries it will take place either at the July or September's meeting. Fed's Economic Projections surpassed investors' expectations, that was accepted as a sign that it will be done “sooner, not later”. It is forecast GDP grows 2.3%-2.6% vs. 2.3%-2.8% in 2013 in the previous March's forecast and 3.0%-3.5% in 2014 vs. 2.9%-3.4% in March. ...

    Posted at June 20, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GBP/USD. Forecast for June 17, 2013

      Published on Friday data on the US was weak. US Capacity Utilization in May was 77.6% vs. forecast for 77.9%. US Industrial Predication was flat vs. forecast for a 0.3% rise. The correlation to the stock market which we observe is gradually becoming direct relation, the movements become codirectional. i.e. weak data on US growth reduces the risk appetites. Today on the eurozone and the US the news is expected to be positive. The leaders ...

    Posted at June 17, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • USD/CAD analysis for June 17, 2013

    USD/CAD Elliott Wave Last week, the USD/CAD pair was trading downwards, impulsive wave [5] (coloured red) of the bigger wave C (coloured green) was developing. During the Friday's Asian and European sessions we could observe sideways movement between 1.0154 and 1.0185 area. Therefore, during the New York session this commodity currency did not manage to hold this level and the price has dropped to the new low at 1.0136 ...

    Posted at June 17, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • AUD/USD analysis for June 17, 2013

    AUD/USD Elliott Wave For the last few days the AUD/USD pair has been trading upwards, just like we expected, corrective wave [2] (coloured red) of the bigger wave 3 (coloured green) has been developing. During the Friday's Asian and European sessions we could observe sideways movements between 0.9566 and 0.9654 levels.Therefore, during the New York session this major currency has continued trading in a sideways mood and the ...

    Posted at June 17, 2013 | By : | Categories : Forex Analysis | 0 Comment