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Tuesday, May 31, 2011

Gold short term analysis and trade recommendations May 31, 2011

On the short and medium term , Gold is trending up .
Early on the 4H timeframe it broke a downtrend line with 2 tops and was successfully tested
Recently it broke and closed above the newly formed resistance level 1532.30 Now working as support
Based on the previous analysis , There's a Long opportunity on the GOLD
Best level to buy at was near 1533.20 with target at the upper limit of the channel at 1569.70
SL should be below 1515.40 as its break will allow the price to go lower .
http://instaforex.com/forex_analysis/29697/?x=OUE  

Monday, May 30, 2011

EUR/USD Weekly For May 30th to the June 3rd / 2011

SHORT DESCRIPTION :
The EUR/USD is now trading in the Sideways situation between 1.4065 and 1.4441, this situation is confirmed by the flat slope of the 10 Weeks Simple Moving Avarage, and next week the pair will test the Resistance at the 1.4352. If it can break that level it will cause this pair to test the 1.4500 and if this level can be broken, it will be the sign of the Bullish situation, on the other hand if the pair cannot break the mark 1.4500 it will hold the Bullish situation for the EUR/USD and will make this pair enter  the Sideways situation again.
http://instaforex.com/forex_analysis/29623/?x=OUE 
 

Sunday, May 29, 2011

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Friday, May 27, 2011

EUR / USD 123 Pattern and possible change of direction May 27, 2011

:: 4 H ::

EUR / USD shows possible change in short/mid term direction on the 4H timeframe
Pattern 1 2 3 with broken high ( 2 ) gives warning early to very possible change in short term direction
We had strong breakout of the bearish channel this morning which changes the bearish view for the day at least
For the long term view we need to see 1.4350 level breached next swing up in order to change our long term view as well to bullish
Divergence on the MACD indicates coming upside movement .
:: 1H ::

The EUR / USD is trending up recently on the 1H timeframe making higher highs and higher lows indicating this possible change in direction
Best levels to BUY from are :
- 23% Fibonacci and previous broken high now support at 1.4200
- 50% Fibonatcci , previous double top now support , short term uptrend  at 1.4120
Direction of the MACD to the upside enhances the up direction at least for the short term scale .
Targets for the BUY positions are 1.4272 as 1st target  then1.4330 as a 2nd target
SL should be put below 1.4010 as its break indicates breaching of of the newly formed uptrends .

http://instaforex.com/forex_analysis/29543/?x=OUE  

Thursday, May 26, 2011

GBP/JPY Technical analysis and Long position oportunity May 26, 2011

The GBP / JPY currency pair showed an obvious hummer candlestick at testing the support level 125.47 which is a historical low
this candlestick indicates upside movemet confirmed further
the upside movement was contained at the resistance level 139.75 which stopped the upside swing of the pair leading to correction forming a flag pattern
The support level 131.20 which is 50% fibonatcci of the last swing up held the price above preventing further decline
The last daily candle closed outside the upper limit of the flag indicating continuation of the upside movement technically .
http://instaforex.com/forex_analysis/29381/?x=OUE 
 

Wednesday, May 25, 2011

EUR/USD wave analysis for May 25, 2011

In general, as expected, the EUR/USD currency pair started to move upwards slowly after it failed to break the 40 figure level. At the same time, given the correction scenario of the wave situation after May 16, current growth of the euro price is limited by the c wave (in the B). If so, the indicated upside movement might develop in the direction of the 1.4200 level.

http://instaforex.com/forex_analysis/29337/?x=OUE

Tuesday, May 24, 2011

Dollar Pares Gains - Kiwi Surges on Rate Expectations Daily Winners and Losers

Dollar_Pares_Gains_-_Kiwi_Surges_on_Rate_Expectations_body_Picture_2.png, Dollar Pares Gains - Kiwi Surges on Rate Expectations
Dollar_Pares_Gains_-_Kiwi_Surges_on_Rate_Expectations_body_Picture_3.png, Dollar Pares Gains - Kiwi Surges on Rate Expectations
Dollar_Pares_Gains_-_Kiwi_Surges_on_Rate_Expectations_body_Picture_4.png, Dollar Pares Gains - Kiwi Surges on Rate Expectations
The New Zealand dollar topped the performance charts against the greenback in overnight trade, advancing nearly 1% as a rally in commodities and stocks stoked demand for higher-yielding assets. The gains come on the heels of a steep sell-off yesterday that saw US equities plummet more than 1% across the board. The kiwi’s gains were triggered by a central bank report that showed executives had raised their inflation expectations, fueling speculation that the Reserve Bank of New Zealand will move on interest rates. The NZD/USD pair broke through interim resistance at the 0.7920 before leveling off just above the 0.80-handle. Interim support rests at the 0.7970 level, with subsequent floors eyed at 0.9720 and 0.7860. Topside targets are eyed at the 0.80-handle, backed by 0.8020 and 0.8060. With no data on the kiwi economic docket this week, price actions will be dictated by swings in risk appetite, with Monday’s loss’s keeping traders on edge.
Key Levels/Indicators
Level/Indicator
Level
50-Day SMA
0.7793
20-Day SMA
0.7937
10-Day SMA
0.7899
2011 High
0.8120
Dollar_Pares_Gains_-_Kiwi_Surges_on_Rate_Expectations_body_Picture_5.png, Dollar Pares Gains - Kiwi Surges on Rate Expectations
Dollar_Pares_Gains_-_Kiwi_Surges_on_Rate_Expectations_body_Picture_6.png, Dollar Pares Gains - Kiwi Surges on Rate Expectations
The Japanese yen continued to slide overnight, breaching the 82-figure early in per-market trade. With risk appetite creeping back into markets, the allure of the safe-haven continues to slowly lose its luster. With the Japanese economy falling back into recession, the yen may continue to see pressure in the coming days if market appetite persists. The USD/JPY pair continues to trade within the ascending channel that dates back to May 5th. Topside targets are eyed at 82.20 backed by 82.40, with interim support resting at the 23.6% Fibonacci extension taken from the March 16th and May 5th troughs at 81.70. Subsequent floors are seen at 81.50 followed by 81.30. Traders will be eyeing trade balance figures overnight with consensus estimates calling for steep declines in domestic exports. A weaker than anticipated print here could see further losses for the battered yen.
Key Levels/Indicators
Level/Indicator
Level
50-Day SMA
81.97
20-Day SMA
81.16
10-Day SMA
81.40
2011 High
85.51
Upcoming Events
Date
GMT
Importance
Release
Expected
Prior
5/24
23:50
MEDIUM
Adjusted Merchandise Trade Balance (Yen) (APR)
-695.9B
96.3B
5/24
23:50
MEDIUM
Merchandise Trade Balance Total (Yen) (APR)
-703.7B
196.5B
5/24
23:50
LOW
Merchandise Trade Exports (YoY) (APR)
-12.7
-2.2
5/24
23:50
LOW
Merchandise Trade Imports (YoY) (APR)
12.8
11.9

USD/CHF wave analysis for May 24, 2011

During yesterday’s trading the USD/CHF could not develop the Friday’s downside movement and resumed growth against the US dollar along with several other currencies. At the same time, at some stretch we can consider all this downside movement of the price since May 13 as a correction structure of the estimated b wave which might be included in a more complicated correction triangle. If so, the pair still can continue growing in the direction of the 89 figure levels.

http://instaforex.com/forex_analysis/29257/?x=OUE  

Monday, May 23, 2011

GOLD Intraday Technical analysis 2011-05-23

Gold is currently testing the upper limit of its medium term bearish channel at 1519 suggesting a decline in the short term. However a break of these levels would free up significant potential and initiate a new trend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1519 with a 1st objective of 1529, then 1532. A break in 1517 would invalidate this scenario.

http://instaforex.com/forex_analysis/29137/?x=OUE

Friday, May 20, 2011

USD/JPY Intraday Technical Support and Resistance for May 20, 2011

TODAYs  TECHNICAL  LEVELS:

Resistance. 3 : 82.12.
Resistance. 2 : 81.96.
Resistance. 1 : 81.80.
Support. 1 : 81.59.
Support. 2 : 81.43.
Support. 3 : 81.27.

SHORT  DESCRIPTION :

If the Support. 3 Level at 81.27 and the Resistance. 3 Level at 82.12 is hit, usually the pair will take a reverse by at least 10 to 20 pips. However, if this level is broken by the pair at least 50 pips, it will indicate that the USD/JPY has found its tendency for today.
http://instaforex.com/forex_analysis/29017/?x=OUE

Thursday, May 19, 2011

GBP/JPY Elliott wave count and Fibonacci levels for May 19, 2011

GBP/JPY is developing potential impulse subwave C (colored red in the chart), that is part of corrective wave 4 (colored royal blue in the chart).
The targets of the upmove are Fibonacci retracements of 137.03-130.26, 133.16-130.74, and expansions off 130.26-133.16-130.74.
Resistances:
- 132.24 = .618 retracement
- 132.53 = contracted objective point (COP)
- 133.27 = .382 ret
- 133.64 = confluence area of objective point (OP) and .50 ret
If the price keeps declining the immediate supports will be Fibonacci retracements of 122.49-139.93, and expansions off 139.93-132.90-137.03.
Supports:
- 130.00 = OP
- 129.15 = .618 ret
Overbought/Oversold
Assuming that the medium term trend is down but a corrective wave up is developing it's preferable to stand aside or try longs when the Detrended Oscillator gets below the zero level (current prices) or into the overbought area (30-40 pips below the current prices).
http://instaforex.com/forex_analysis/28943/?x=OUE 
 

Wednesday, May 18, 2011

GBP/JPY Bullish Outlook May 18, 2011 (Daily Strategy)

GBP/JPY
Tepko, the power company operating the nuclear reactors in Fukushima, Japan reported last night that they expected to cool the reactors completely by October and meet the time table set for the rehabilitation and reconstruction of the damages caused by the nuclear disaster.
The move to positive sentiments in the financial markets should also support the British Pound Sterling - Japanese Yen pair that, for the most part, moves in positive coordination with the market.
Expect the price of the pair reaches the weekly resistance level around 1.3690 as our partial objective; and as our final goal, the level of 145.00 Japanese Yen to British Pound Sterling.
http://instaforex.com/forex_analysis/28927/?x=OUE 
 

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Tuesday, May 17, 2011

USD/CHF wave analysis for May 17, 2011

In general, as expected, the USD/CHF currency pair could not resume the growth of the price that had declined by 1.5 figures from Friday’s highs during yesterday trading. At the same time, given the testing of the 88 figure level we might suppose that such decline is developing in relation with the uptrend section formed May 4-11. If so, there is a possibility that the pair would initiate a continuous horizontal correction.

http://instaforex.com/forex_analysis/28809/?x=OUE 
 

CRUDE OIL Bullish Outlook May 17, 2011 (Daily Strategy)

The oil price is consolidating between the levels of 96.50 to 99.80, so it has not yet defined exactly if it continued its downtrend in the short term, or retake its upward trend long term.

The first portion can by bought now and strengthened later by an additional portion in the event that the price of oil breaks through the nearby resistance rate at 99.80 dollars or close above the weekly pivot line. Exists another possibility that oil prices continue their downward sequence, therefore a rebound by the level of monthly support around 95.30 would be an attractive opportunity to buy long term.
The price of oil is expected to easily rise above the resistance level of 108,00 dollars and perhaps go even higher than that.

http://instaforex.com/forex_analysis/28833/?x=OUE  

Monday, May 16, 2011

GBP/USD. Weekly and Monthly Pivot Points, For May 16-20, 2011

_____WEEKLY____
Weekly - R3 = 1.6797
Weekly - R2 = 1.1657
Weekly - R1 = 1.6426
Weekly Pivot = 1.6286
Weekly - S1 = 1.6055
Weekly - S2 = 1.5915
Weekly - S3 = 1.5684

_____MONTHLY____
Monthly - R3 = 1.7749
Monthly - R2 = 1.7247
Monthly - R1 = 1.6977
Monthly Pivot = 1.6475
Monthly - S1 = 1.6205
Monthly - S2 = 1.5703
Monthly - S3 = 1.5433

http://instaforex.com/forex_analysis/28747/?x=OUE

Thursday, May 12, 2011

EUR/USD Intraday Technical Support and Resistance Level For May 12nd / 2011

TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.4270.
Strong Resistance : 1.4262.
Original Resistance : 1.4248.
Inner Sell Area : 1.4234.
Target Inner Area : 1.4201.
Inner Buy Area : 1.4167.
Original Support : 1.4154.
Strong Support : 1.4140.
Breakout SELL Level : 1.4132.

SHORT DESCRIPTION :

Today the EUR/USD is to find Support and Resistance between 1.4154 and 1.4248 and  it has a strong Support at 1.4140 and a strong Resistance at 1.4262; if today the EUR/USD can break out and close below 1.4132, it will be a sign for Short trading for today; on the other hand, if  the pair can break out and close above 1.4270, it will be the sign for LONG trading for today. Another option for the advance trader can be trading between the Inner Buy Level at the 1.4167 for LONG trading and the Inner Sell Level at the 1.4234 for the SHORT trading, and all of them with the target at the 1.4201 level.


http://instaforex.com/forex_analysis/28493/?x=OUE  

Wednesday, May 11, 2011

EUR/USD Daily Outlook For May 11st / 2011

DAILY  OUTLOOK : 

It seems the EUR/USD will enter a sideways situation, this is indicated by the following facts :
(1) 5 Days periode Simple Moving Avarage (Red) is now in the middle of two other Moving Avarage (between the 20 Days -Blue and the 60 Days - Green).
(2) The May 9th / 2011 Daily Bar formed as the "Measuring Bar" for the next day bar including this day.
If until next Friday the EUR/USD closing price at the Daily charts is still between the range of those "Measuring Bars" (between 1.4254 to the 1.4441 levels) it will cause this pair to enter the Sideways situation. For today this pair is likely to test the support target at 1.4350, on the other hand, if the pair can break out the opening level at 1.4404; it will make the pair test the 3 days high level at 1.4441; however the downside momentum seems stronger, this is indicated by  by MACD  in the "Positive Sell" area (red: death cross below the 0 level).

http://instaforex.com/forex_analysis/28415/?x=OUE 
 

Tuesday, May 10, 2011

GOLD. Weekly and Monthly Pivot Points, For May 09-13, 2011

____WEEKLY_____
Weekly - R3 = 1674,90
Weekly - R2 = 1625,90
Weekly - R1 = 1560,80
Weekly Pivot = 1511,80
Weekly - S1 = 1446,70
Weekly - S2 = 1397,70
Weekly - S3 = 1332,60
_____MONTHLY______
Monthly - R3 = 1774,53
Monthly - R2 = 1672,06
Monthly - R1 = 11617,83
Monthly Pivot = 1515,36
Monthly - S1 = 1461,13
Monthly - S2 = 1358,66
Monthly - S3 = 1304,43
GOLD
Traders should sell short in the R1 weekly or buy long in S1 weekly, with a target in the weekly Pivot, is a viable strategy to make swing trading.
Other form of vary this strategy is to going long on S2 weekly and short R2 weekly , with a goal in S1 or R1 weekly.  http://instaforex.com/forex_analysis/28359/?x=OUE  




 

Monday, May 9, 2011

The market manipulations analysis of the EUR/USD by Alexey Portnov for May 9, 2011

The medium-term expectations turned out to be true - the euro started to decline. There are all conditions for a reverse and further decline of the euro. Today there are certain conditions fro testing the sell levels. Therefore, today we should expect the zone 1.4480-1.4540 to be tested, afterwards further decline will follow.
Trading recommendations:
-i recommend to sell if the supply zone is successfully tested.
http://instaforex.com/forex_analysis/28263/?x=OUE 
 

Friday, May 6, 2011

GOLD Intraday Technical analysis 2011-05-06

Gold approaching the lower limit of its medium-term bullish channel to 1462 suggesting a rebound. However a break of these levels would initiate a bearish trend.
According to previous events, the market indicates a bullish opportunity on the levels of 1462 with a 1st objective of 1485, then 1490. A break in 1459 would invalidate this scenario.

http://instaforex.com/forex_analysis/28121/?x=OUE  

Thursday, May 5, 2011

EUR/USD Technical Support And Resistance For May 05 / 2011

TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.4899.
Strong Support : 1.4890.
Original Resistance : 1.4876.
Inner Sell Area : 1.4862.
Target Inner Area : 1.4827.
Inner Buy Area : 1.4792.
Original SUpport : 1.4778.
Strong Support : 1.4764.
Breakout SELL Level : 1.4755.

TODAY  OUTLOOK :

It seems the EUR/USD will be trading in a sideways situation  between the 1.4775 and the 1.4875 levels until tomorow's release of the US Unemployment Report and the Non Farm Payrolls data; so it seems after the Eurozone Market releases the minimum bid rate this afternoon, the volatility of this pair will be normal again , because before that in the early morning session, the Japanesse Market is closed (red: Bank Holiday).

TODAY  SUGGESTION :

BUY   if the EUR/USD can break out and close above the 1.4875, set the first target at 1.4894 and 1.4927 as the second target.
SELL if the EUR/USD can break out and close below the 1.4854, set the first target at 1.4834 and 1.4806 as the second target.

http://instaforex.com/forex_analysis/28041/?x=OUE  

Wednesday, May 4, 2011

EUR/USD Daily Forecast For May 4th / 2011

DAILY  FORECAST :

The EUR/USD is still in a Bullish situation indicated by the RSI(14) trading above 60 level and the ADX (14) at the 40 level (red: the Stong trending Momentum) and the price itself is between the two Upper Bollinger bands: periode 2 Deiviation 2 and periode two deviation 1, the pair traded in a ranging situation between 3 days low level and the 3 days high level at the 1.4754 level  to the 1.4801 level;  the pair started trading in a ranging and sideways situation indicated by the bar of April 28th / 2011 as a measuring bar and all the closing range of the next day is still in the range of those bars, this type of Sideways situation is called "Ledge" with 4 bars closing inside the Measuring Bars, usually at the fourth or the fifthe bar, the price will be broken out , especially on Friday during the US Data - Non Farm Payrolls. However, if on Friday the price does not break out , the pair will be trapped in a congestion situation. However, today if the EUR/USD can break out the 3 days low at the 1.4754, it will bring down the pair to the 1.4734 as the first target and the 1.4689 as the second target. On the other hand, if the pair can break out above the 1.4843, it will lead this pair to going up to the previous day high at the 1.4892 level.
http://instaforex.com/forex_analysis/27929/?x=OUE

Tuesday, May 3, 2011

Oil review for May 3, 2011

Oil futures dropped by the end of trades on Monday after the news on Osama bin Laden’s death ruffled the oil markets. Investors attempted to assess the influence of this happening on the stability in the Middle East. By the end of NYMEX trades the quotations of June futures on low-sulfur oil decreased by 41 cent (0.4%) down to 113.52 US dollars per barrel. During the session the prices reached their highs for 2.5 years nearly 115 US dollars per barrel and dropped down to 110.82 US dollars per barrel. The quotations of Brent oil futures declined by 77 cent down to 125.12 US dollars per barrel. The oil prices were rather mixing after the US armed forces killed Al-Qaeda Osama bin Laden on Sunday. The death provoked fluctuations of prices for primary goods, stocks and currency quotations as traders guessed the possible effects of this event for major oil-producers of the Middle East and North Africa. The death of Osama bin Laden spurred two opposed visions tested by the market on Monday. According to one of them, terror groups may mobilize their forces to respond to the death of their leader and disrupt oil supplies coming from the Middle East and other regions. The second one suggests that this event will put an end to the US fight against terrorism and bring stability back. The prices for oil have grown by 24 % since the beginning of the year as the disorders in the Middle East and North Africa incited concerns over possible disruption of oil supplies. Particularly, the Libyan civil war cut the exports of oil from the country. However, due to high prices traders have not dared to expect further increase in prices. The companies’ and consumers’ budgets have been pressed by high prices for gasoline in the USA which may result in less consumption. Analysts expect the US Energy Ministry data slated for Wednesday to show the growth of oil and oil products reserves.
Traders have been pointing at high prices as the major reason for a slight decline on Monday.
Additionally, analysts say that sluggish activity of Osama bin Laden for the last several years is suggestive that his ability to destroy the global economy weakened. This landmark victory is hardly likely to change the safety situation in the USA and other countries
http://instaforex.com/forex_analysis/27841/?x=OUE
 

Monday, May 2, 2011

The EUR/USD Monthly Forecast for May 2011

MONTHLY  OVERVIEW :

Last month the pair had a very bullish momentum, especailly during the Royal Wedding of prince William & Kate Midleton last month, after a breakout of the upper trendline from the triangle pattern the pair exploded to the 1.4881 and closed at the 1.4809. For this month the "Osama Bin Laden death" will be a good issue for the USD (for a short time) and will bring the EUR to retrace to the downside situation, especially if the EUR/USD can break out and close below the  1.4497, it will bring  the pair down to the 1.4377 as the first target and the 1.4241 level as the second target. On the other hand, based on the fact that the US Finance goverment  "people" is the old face player, the recovery of the US Economy still needs time;  if  the last month highs at the 1.4881 can be broken, it will lead this pair to go up to 1.5000 as the first target and the 1.5150 as the second target.

http://instaforex.com/forex_analysis/27809/?x=OUE