Кино oнлайн Голосов: 1 Адрес блога: http://protelemag.ru/load/ Добавлен: 2011-09-28 02:02:58 блограйдером petol

USD/CAD Intraday Technical Analysis and Trading Recommendations for November 29, 2012

2012-11-29 13:48:31 (читать в оригинале)

Last week, in the previous articles, we suggested that the potential downside movement remains valid as long as the pair is trading below 1.0040 and below 1.0000 area, the psychological resistance.
Price zone 0.9900 - 0.9860 (Important Fibonacci Levels) provided strong support expressing strong bullish price action, which is manifest in the giant bullish engulfing daily candlestick.
The USD/CAD pair expressed strong bearish reaction towards 1.0020-1.0050, failing to consolidate above 1.0040 (the high of Thursday's DAILY candlestick). This indicated a strong bearish move towards 0.9995; then 0.9945 took place, which actually occurred when Intraday Support around 0.9980 was broken down.
The Daily chart showed a narrow consolidation range 0.9950 -0.9980, in which the USD/CAD pair was trapped. Breakdown of 0.9950 opens the way directly towards 0.9900 - 0.9860 (50% Fibonacci Level) where price action should be watched for further decisions.
On Tuesday, the USD/CAD pair stepped just below the depicted lower limit of its bullish channel failing to consolidate below expressing a quite significant bullish price action. Also there is a possible bullish Head and Shoulders reversal pattern which gives a valid BUY entry around 0.9915 - 0.9900.

Support:  0.9915, 0.9875, and 0.9815.
Resistance: 0.9980, 1.0010, 1.0040, and 1.0080.

• Recommendation

Price zone 1.0025 - 1.0040 provided an excellent long-term SELL entry with SL located above 1.0060, profits should have been taken by now.
Price Zone 0.9915 - 0.9860 will probably provide a valid BUY entry with SL located just below 0.9840.  

The material has been provided by Instaforex Company - instaforex.com

---

GBP/USD Intraday Technical Analysis and Trading Recommendations for November 29, 2012

2012-11-29 13:47:17 (читать в оригинале)

 

The GBP/USD pair has been fluctuating heavily within the past few weeks after the broken DAILY bullish channel was retested around the price zone of 1.6160 - 1.6180, failing to maintain a directional trend.
Then the narrow consolidation range 1.6025 - 1.5925 was broken to the downside with a potential target near the price level of 1.5780 which has not been hit so far.

 

On the 4H chart the GBP/USD pair is trapped within narrow range between 50% and 61.8% Fibonacci levels, breakout in either direction should be watched. However, a Double-Top pattern was confirmed with 4H closure below 1.5995 which enhances the short-term bearish view for the pair to be targeting at 1.5940.
Breakdown below the Intraday Support Price Zone 1.5900 - 1.5930 and breakdown of Intraday Support around 1.5850 are necessary to maintain the long-term bearish movement.
Price levels around 1.5970 - 1.5600 constitute a strong DAILY resistance, hence providing a valid long-term SELL entry with SL located just above 1.6050.

 

Support:  1.5960, 1.5920, 1.5830,1.5800, and 1.5760.
Resistance:  1.6050, 1.6000, and 1.6030.  

The material has been provided by Instaforex Company - instaforex.com

---

Silver Bounces Off The Trendline Support. Buying On Dips Recommended. 32.80 Should Hold

2012-11-29 13:45:43 (читать в оригинале)

Technical Outlook and Chart Setups:

As depicted on the 4H Chart here, yesterday the metal pulled back sharply but bounced off right at the trendline support. It is safe to assume that the structure remains intact and recommendation is to buy on dips towards 33.30/40 levels. Resistance remains at 35.10/20 levels while support is at 32.00. Please again note that 32.00 remains key for trend to remain intact. Till the time the prices stay above 32.00, the metal is expected to stay higher and print higher highs. Looking higher from here on.

Trading Recommendations:

Buy on dips towards 33.30/40 levels, stop below 32.00, and target is open.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com

---

Gold Threatning To Break Down Further. 1,705.00 Remains Key

2012-11-29 13:42:51 (читать в оригинале)

Technical Outlook and Chart Setups:

As depicted here, the 1,700.00/1,705.00 area is the key support zone; a break lower will confirm that the rally from 1,672.00 to 1,755.00 was just a correction within the larger down wave structure. In that case 1,630.00 will be the possible downside extension where a bounce higher can be expected. On the other side, if 1,700.00 holds good, and a bullish reaction appears on higher timeframes, it will be concluded that bullish structure remains intact and higher levels can be expected. Intermediary resistance is at 1,755 while support is at 1,700.

Trading Recommendations:

Flat for now. We shall wait for one more session at least to conclude a trade possibility.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com

---

EurJpy Pullback Stalling At 0.618 Resistance

2012-11-29 13:40:37 (читать в оригинале)

Technical Outlook and Chart Setups:

The 4H chart view is depicted here and 107.00 resistance level still holds good. At the moment it can be considered that prices are stalling out at the 0.618 resistance at 106.30 level. It is still recommended to go short and hold on positions taken earlier. As depicted on chart, measured downside extensions are around 104.75 and 104.25. Resistance remains at 107.20/30 level, followed by 108.00 while support will be offered by 104.00 level, followed by 103.00 and 100.50 respectively. Looking lower from here on.

Trading Recommendations:

Remain short from positions taken earlier, build further short positions now, stop around 107.50, and target is at 104.50.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com