Instaforex Analysis

**InstaForex Gertrude** · 03-06-14, 10:58

Technical analysis of CL for June 03, 2014

The crude oil took support at the 50-day SMA in yesterday's trading session. On the down side, if the price breaks the 50-day DMA at 101.85, it will go up to 100.98, 100 and 99.70 levels. If it closes below the lower trend line, it will fall to 98.70 and 97.50 levels. Today the price looks weak below 102.35, it will go for 101.85 for the strong support. On the up side, 102.76 is the inital resistance.

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**InstaForex Gertrude** · 04-06-14, 11:20

Technical analysis of USD/CHF for June 4, 2014

Overview:
Depending on the previous events, the last double top has set at the level of 0.8994 and support is placed at 0.9821. Additionally, the USD/CHF pair has still been trapped between 0.8943 and 0.8990. Also, the key level is set at 0.8921 because it is representing strong support and is coinciding with the last weekly pivot point of the USD/CHF pair. Equally important, the double top will be formed at the 0.8994 level, but it seems the price is going to break this level in order to continue towards the level of 0.9030. The level of 0.9030 will be resistance today. Hence, the market's range will be around 50 pips. As it is know, history will probably repeat itself at this level again. Therefore, it will be a good sign to buy above 0.9821 with the first target of 0.8990. Furthermore, It will call for uptrend in order to continue its bullish movement towards 0.9030. However, the stop loss should never exceed your maximum exposure amounts, thus the stop loss should be placed below 0.8921, at the price of 0.8903.

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**InstaForex Gertrude** · 05-06-14, 11:17

Technical analysis of GBP/JPY for June 05, 2014

GBP/JPY
The pair has been in an uptrend from 169.53 levels. In yesterday's session, it was moved to 61.8 fib levels. Today in Asia's session, it halted at 171.97 and moved to lower levels. As of now, the pair has taken the support from 50day SMA and 50.0 fib levels. The trading activity is fixed between 50.0-61.8 fib levels. The pair looks safe to buy above 171.35 for 172.35 and 172.75 levels. It also looks weak below 171.34 for 171.25, 170.50 levels.
For intraday , the pair favors selling at 171.45, 171.25 and 171 levels. The hourly momentum oscillators favors to sell side.

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**InstaForex Gertrude** · 06-06-14, 10:19

Daily analysis of Silver for June 06, 2014

Overview
As it was expected, the metal took an upward move in case of closing above the resistance level of 19.00. Friday, as it is shown in the H4 chart, the metal took a slightly upward move after breaking the Resistance area at 19.00 and it managed to close 4H above it and, currently, it is approaching the Resistance level of 19.20. More bullish signals are expected as long as silver is trading above this Resistance area with the first target few pips below the Resistance level of 19.50. But if silver closes 4H below 19.20, we should wait for testing the Support area again before making decision and also cancels the bullish move scenario.

Resistance and support levels:
R3 (19.50), R2 (19.20), R1 (19.00), S1 (18.60), S2 (18.30), S3 (18.00).

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**InstaForex Gertrude** · 09-06-14, 11:17

Technical analysis of EUR/JPY for June 9, 2014

General overview for 09/06/2014 07:40 CET
The wave structure develops in the anticipated shape so far and currently the market is in corrective cycle wave B black. One more wave to the downside is needed to complete the structure of a simple correction in wave B black, or the corrective cycle will transforms into a triangle formation for example. Please remember, that when this corrective structure is completed, then black wave C will develop to the upside to finish the overall cycle.

Support/Resistance:
140.46 - WR1
140.04 - Intraday Resistance
139.56 - Weekly Pivot
139.37 - Intraday Support
139.15 - WS1
138.67 - Wave (a) Low
138.24 - WS2

Trading recommendations:
Daytraders should consider opening short positions from current price levels with SL above the level of 140.08 and TP at the level of 139.56 and 139.37.

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**InstaForex Gertrude** · 10-06-14, 11:19

Daily analysis of Silver for June 10, 2014

Overview
In today's H4 chart, silver is still stabilizing above the Support level of 19.00 after it could not break it yesterday and currently it is bouncing from it towards the Resistance level of 19.20. So we still suggest waiting for closing above the next Resistance level in case of bouncing from the Support level, to provide a new opportunity for more buy signals with the first target few pips below the Resistance level of 19.50, then after breaking this Resistance level, silver would open the way towards the Resistance level of 19.75, which means more bullish signals, but as long as the metal trades below the Resistance level of 19.20, this cancels the bullish scenario.

Resistance and support levels:
R3 (19.75), R2 (19.50), R1 (19.20), S1 (19.00), S2 (18.60), S3 (18.30).

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**InstaForex Gertrude** · 11-06-14, 10:28

Technical analysis of EUR/USD for June 11, 2014

The pair has been in a downtrend from 1.3995 levels, moving to downside to form a near-term bottom. Today the pair opened higher on a highly bearish note, the same as the cable. Currently it is trading at 1.3524 levels. The pair can take the support between 1.35-1.3477, if it holds these levels it can pull back up to 1.3620. The pair is trading in a highly bearish format, so it is better to trade below the short and medium term moving averages. Until the pair trades and closes above the 1.3677 levels, we can see 1.32 levels in a few weeks time. The next fall would take place below 1.3460.

On the upside, if the pair breaks the 1.3548 it can fly up to the 1.3585 , 1.36 and 1.3620 levels. Bulls will be back only in case the pair closes above 1.3677. Until that, sell on the rally for 1.32 levels. Safe traders can start selling below 1.3460 levels.

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**InstaForex Gertrude** · 12-06-14, 09:27

Technical analysis of EUR/JPY for June 12, 2014

Technical outlook and chart setups:
1. The EUR/JPY pair has taken out 138.00 lows and also the immediate trend line support as seen here. It is quite possible that a major correction is under way towards 131.00 levels as shown here. Recommendations are to initiate selling on rallies from here on. 139.00 levels could be immediate resistance.
2. Support is 136.50, followed by 134.00, 132.00 and lower, while resistance is at 140.00, followed by 141.00, 142.50/143.50 and higher respectively.
3. The structure indicates that EUR/JPY could be heading lower towards 131.00 levels in a corrective manner.

Trading recommendations:
Remain flat for now. Look to sell around 139.00.

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**InstaForex Gertrude** · 13-06-14, 10:26

Technical analysis of gold for June 13, 2014

Traders are waiting for the PPI and core PPI data. We expect both indexes to be upbeat. The USD index is trading at 80.57 levels. The price is taking support at 80.50, below this, 80.44 is the strong support levels. Once breaking below this, the index can drop to 80.25 and 80 levels. On the other hand, it has strong resistance at 80.61 levels. Crossing above that, the index can fly up to 80.67, 80.74, 80.85, 80.90 and 81 levels. On an intraday basis, sell below 80.27 and buy above 80.61. is recommended

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**InstaForex Gertrude** · 16-06-14, 10:05

Review of Gold for June 16, 2014

The yellow metal gained support due to the Middle East concerns. The metal moved to a 2-week high. In Asia's session, it is trading at $1,282. In the weekly chart, the metal gave an upside breakout from a descending pattern. We recommended twice to buy, the first one, at $1,253 and the second time, at $1,278.50. Our targets are open at $1,284.50, $1,286, $1,289.60 and $1,296.50 levels. Currently it is reaching a critical resistance level at $1,285.50 (50-day SMA). Once the metal crosses this, it can extend the rally up to $1,288.70, and $1,297 levels. A day close above $1,285.50, the metal will gain some more strength and again a safe buy will activate above $1,288.70 for $1,297 levels. A week close above $1,297, the bulls will take the metal up to $1,310 levels as an initial target. This week we can expect it going up to $1,288.70/$1,289 or $1,297 levels. Traders can book profit at the current market price $1,281.50.

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**InstaForex Gertrude** · 17-06-14, 12:04

Technical analysis of Gold for June 17, 2014

Technical outlook and chart setups:
1. Gold reverses from convergence of the following: i) Trend line resistance, ii) Fibonacci 0.618 resistance and iii) Support turned resistance at sub $1,280.00 levels. Recommendations are to remain short for now, risk remains at $1,300.00.
2. Support is at $1,245.00, followed by $1,240.00, $1,230.00, $1,210.00 and lower, while resistance is at $1,300.00, followed by $1,310.00, $1,330.00 and higher respectively.
3. The structure indicates that Gold may break below $1,240.00 and subsequently $1,180.00 in the sessions to come.

Trading recommendations:
Remain short, stop at $1,300.00, target is open.

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**InstaForex Gertrude** · 18-06-14, 10:16

Technical analysis of USD/JPY for June 18, 2014

The pair has been in an uptrend from 101.60 levels. It pauses the rally at the descending trend line. We expect the next up move will take place only above 102.25 levels. Until it crosses that, we can see selling pressure. On the down side, the pair has support at 102.10, 102 and 101.90 levels. Once it breaks below that 101.90, selling pressure will become active and may take the pair towards 101.82, 101.70 and 101.60 levels. Today, 101.60 will act as the bulls fate zone, if this level is taken off, the pair will shift the mode to free fall up to 101.40, 101.30 and 101 levels. O
n the bullish front, if the pair manages to breach the 102.25 resistance level, it can extend its up leg to 102.40, 102.57 and 102.65 levels.
Sell with sl 102.25 or buy above 102.25.

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**InstaForex Gertrude** · 19-06-14, 10:08

Technical analysis of Silver for June 19, 2014

Technical outlook and chart setups:
1. Silver is seen to be breaking out of trend line resistance as seen here. The confirmation is above $20.00 levels though. Recommendations for now is to remain short with risk around $20.40 levels.
2. Support is seen at $19.40, followed by $19.00, $18.60 and lower while resistance is seen at $20.40, followed by $21.70 and higher respectively.
3. The structure indicates that Silver might be turning bullish; a break of $20.40 would confirm though.
Trading recommendations:
Remain flat (conservative trade setups). OR remain short with stop at $20.40.

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**InstaForex Gertrude** · 23-06-14, 10:20

Technical analysis of Silver for June 23, 2014

Technical outlook and chart setups:
1. Silver breaks out of the resistance line and also takes out immediate resistance at $20.40 levels as seen here. A dip is expected from current levels towards $19.50/20.00 levels from here, before rallying further up. Also note that the resistance line is now turned into support. 2. Support is seen at $19.50, followed by $19.00, $18.60 and lower while resistance is seen at $21.70, followed by $22.30 and higher respectively.
3. The structure indicates that Silver needs to correct lower before rallying further up. Trading recommendations:

Flat for now.
Look to buy lower.

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**InstaForex Gertrude** · 24-06-14, 10:20

Forecast of USD/ZAR for June 24, 2014

The pair took support at the previous resistance trend line of 2012-2013. The resistance became support at 10.26 levels. Currently it is trading at 10.5895. The support is between 10.38-10.26 levels within minor support at 10.54 levels. Until the pair holds these support levels, we can expect another pull back up to 10.96 and 11.50 levels. For an intraweek basisi, it has support at 10.5282, 10.4686 and 10.4093 levels.

Until the pair holds 10.5282 on a closing basis, the upside target at 11.50 is open.

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**InstaForex Gertrude** · 26-06-14, 10:16

Technical analysis of EUR/JPY for June 26, 2014

Technical outlook and chart setups:
1. The EUR/JPY is stalling around 139.00 levels at the moment, which is also fibonacci 0.50 resistance as seen here. A push above 139.00 here, would test the 139.30/40 levels which is fibonacci 0.618 resistance and trend line confluence.
2. Support is around 137.70/75, followed by 136.50, 134.00 and lower, while resistance is at 139.30/40, followed by 140.00, 141.00 and higher up respectively.
3. The structure indicates that EUR/JPY should be in control of bears until prices remain below 140.00.

Trading recommendations:
Remain flat for now. Look to sell the rally around 139.20/30.

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**InstaForex Gertrude** · 27-06-14, 10:51

Short-term forecast for EUR/JPY for June 27, 2014

The pair has been in a down trend from 145.68 levels. The pair has broken the 16-month support trend line and is trading near 50-week Sma at 137.45 levels. It is trading in a very crucial support zone between 137.45-136.20. If the pair hits the 50-week Sma on a closing basis, we can see the extension of the bearish leg towards the initial target at 134.40-134.10 and later 131 .20 levels. On the upside, we have resistance at 138.90, 140.06 and 142 levels. The pair favors selling on the rallies until it crosses above the 143.78 levels. We can see a huge downfall if the pair breaches 136.21 for 131 and 129 levels.

KEY SUPPORT LEVEL 136.20 FOR THE SHORT TERM

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**InstaForex Gertrude** · 30-06-14, 11:03

Weekly forecast of USD/CHF for June 30-July 04, 2014

The pair has been in a downtrend from 0.9037 levels. It is trading at 0.8909 levels near to its crucial support levels 0.89 (50 days Sma). If the pair breaks the 50 days Sma levels, we can expect selling up to 0.8883, 0.8830, and 0.8770 levels. The momentum oscillators favors to sell in multiple time frames. Today's closing is very crucial for bulls hold above 0.89 levels on closing basis. The pair opened its session in a bearish note opened higher at 0.8913. Until the pair breaches this higher level, we recommend trades not to opt for longs. If the pair manages to breach the resistance level at 0.8913, we can see some up move up to 0.8938 and 0.8954 levels.

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**InstaForex Gertrude** · 01-07-14, 11:42

Daily analysis of Silver for July 01, 2014

Overview
Based on the H4 chart above, silver is still stabilizing between the Support of 20.90 and the Resistance level of 21.20 after its failure to break the Resistance level last week. If silver continues its bearish move and manages to break the Support level of 20.90 which is being tested now, it would provide a strong indicator for the downward move and open the way towards the Support level of 20.50 as a kickoff. In this case we should wait for the breakout of this level to continue the bearish move. On the other hand, the breakout of this Resistance level will denote a bullish strength providing new buy signals from this level till reaching the Resistance level of 21.50 then 21.75.

Resistance and support levels: R3 (21.75), R2 (21.50), R1 (21.20), S1 (20.90), S2 (20.50), S1(20.20).

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**InstaForex Gertrude** · 02-07-14, 10:47

Technical analysis of Silver for July 02, 2014

Technical outlook and chart setups:
1. Silver is seen to be topping out around the $21.20 handle at the moment. A dip is expected through the $19.50-$20.00 levels at least, if not lower (potential low cannot be ruled out though). Remain short, risk remains around $21.50/60. 2. Support is seen at $19.50, followed by $19.00, $18.60 and lower while resistance is seen at $21.70, followed by $22.30 and higher up. 3. The structure indicates that Silver may at least retrace/correct itself towards $19.50 levels. The resistance turned support line is also seen to be passing there.

Trading recommendations:
Remain short, stop at $21.50, target is open.

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