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  




 

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 
 

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  

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  

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

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
 

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