Instaforex Analysis

[IFX Gertrude]

EUR/USD weekly technical analysis for April 15-19, 2013



The EUR/USD is now trying to enter the median level between 1.3072 and 1.3033; if there is nothing significant fundamental news can affect, this currency will be playing within this zone. But if something happens due to fundamental news, causing the strong bearish sentiment for this currency and making the pair breach bellow the strong support at 1.3008-1.3004, then the EUR/USD will be going down to 1.2968 as the first target and 1.2922 as the second target.The opposite scenario: if the strong resistance between 1.3097 and 1.3101 is breached, then 1.3137 will be the first target and 1.3138, the second target from this currency pair.

More analysis - at instaforex.com

[IFX Gertrude]

GBP/USD technical analysis for April 16, 2013



RECOMMENDATION:
Sell stop (pending order) at 1.5249.
Take profit at 1.5235.
Stop loss at 1.5259.
Alternative:
Buy stop (pending order) at 1.5301.
Take profit at 1.5315.
Stop loss at 1.5291.

More analysis - at instaforex.com

[IFX Gertrude]

Strategy of the day on GOLD



Gold approaches the lower limit of its medium-term bearish channel at 1,325 suggesting a rebound. However, a break of this level will free a large potential and initiate a more violent bearish channel.

Technical indicators provide sell signals, but the price evolves in oversell zone and until the support is not broken the assumption of a rebound is most likely. Bollinger bands are much discarded as a result of a strong decline these days. Stabilization is expected in the short term.

Gold is currently testing the lower limit of its channel, we suggest 2 scenarios. The first one is the hypothesis of a rebound where we recommend a buy on the level of 1,325 with the 1st objective at 1,335 and then at 1,338. A breakthrough of 1,322 will invalidate this scenario. The second scenario is a break of its support where we advise a “sell stop” which means to sell gold as soon as it is broken through its support of 1,325 with the 1st objective at 1,315 and then at 1,312. A breakthrough of 1,328 will invalidate this scenario.

More analysis - at instaforex.com

[IFX Gertrude]

AUD/USD technical analysis for April 18, 2013



RECOMMENDATION:
SELL Stop (Pending Order) @ 1.0274.
Take Profit @ 1.0260.
Stop Loss @ 1.0284.
Alternative :
BUY Stop (Pending Order) @ 1.0326.
Take Profit @ 1.0340.
Stop Loss @ 1.0316.

More analysis - at instaforex.com

[IFX Gertrude]

Strategy of the day on EUR/JPY



The spot rate approaches the upper limit of its medium term bearish channel at 129.30 suggesting a decline. However, a break of these levels will initiate a violent bullish channel.

Technical indicators provide sell signals, but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have stabilized showing a more regular volatility.

The spot rate is currently testing the upper limit of its channel, so we suggest 2 scenarios: The first one is the hypothesis of a decline - then we recommend a sell on the level of 129.30 with the 1st objective at 128.70 and then at 128.50. A break through 129.50 will invalidate this scenario. The second scenario is a break of its resistance - then we recommend a “buy stop” that means to buy the spot rate as soon as it has broken through its resistance of 129.30 with the 1st objective at 129.90 and then at 130.10. A break through 129.10 will invalidate this scenario.

More analysis - at instaforex.com

[IFX Gertrude]

Strategy of the day on EUR/JPY



The spot rate approaches the intermediate support of its medium term bullish channel at 130.20 suggesting a rebound. However, a break of these levels will free a large potential and reach the lower limit of its channel at 129.60.
Technical indicators provide sell signals but until the support is not broken the assumption of a rebound is most likely. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.
The spot rate approaches the intermediate support of its channel - then we suggest 2 scenarios: The first one is the hypothesis of a rebound - then we recommend a buy on the level of 130.20 with the 1st objective at 130.80 and then at 131.00. A break through 130.00 will invalidate this scenario. The second scenario is a break of its support - then we recommend a “sell stop” that means to sell the spot rate as soon as it has broken through its support of 130.20 with the 1st objective at 129.60 and then at 129.40. A break through 130.40 will invalidate this scenario.

More analysis - at instaforex.com

[IFX Gertrude]

AUD/USD technical analysis for April 23, 2013



RECOMMENDATION:
SELL Stop (Pending Order) @ 1.0224.
Take Profit @ 1.0210.
Stop Loss @ 1.0234.
Alternatives:
BUY Stop (Pending Order) @ 1.0251.
Take Profit @ 1.0265.
Stop Loss @ 1.0241.

More analysis - at instaforex.com

[IFX Gertrude]

Strategy of the day on GBP/USD



The spot rate is currently testing the intermediate resistance of its medium term bearish channel at 1.5290 suggesting a decline. However, a break of these levels will allow it to reach the upper limit of its channel at 1.5350.
Technical indicators provide sell signals and until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have stabilized showing a more regular volatility.
The spot rate is currently testing the intermediate resistance of its channel, so we recommend 2 scenarios: The first one is the hypothesis of a decline - then we recommend a sell on the level of 1.5290 with the 1st objective at 1.5230 and then at 1.5210. A break through 1.5310 will invalidate this scenario. The second scenario is a break of its resistance - then we recommend a “buy stop” that means to buy the spot rate as soon as it has broken through its resistance of 1.5290 with the 1st objective at 1.5350 and then at 1.5370. A break through 1.5270 will invalidate this scenario.

More analysis - at instaforex.com

[IFX Gertrude]

Strategy of the day on GOLD



Gold is currently testing the intermediate resistance of its medium term bullish channel at 1.447 suggesting a decline. However, a break of these levels will allow it to reach the upper limit of its channel at 1.457.
Technical indicators provide sell signals but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands are much discarded as a result of a strong increase these days. Stabilization is expected in a short term.

Gold is currently testing the intermediate resistance of its channel, so we recommend 2 scenarios: the first one is the hypothesis of a decline - then we recommend a sell on the level of 1.447 with the 1st objective at 1.437 and then at 1.435. A break through 1.450 will invalidate this scenario. The second scenario is a break of its resistance then we recommend a “buy stop” that means to buy the gold as soon as it has broken through its resistance of 1.447 with the 1st objective at 1.457 and then at 1.460. A break through 1.444 will invalidate this scenario.

More analysis - at instaforex.com

[IFX Gertrude]

Strategy of the day on EUR/USD



The spot rate is currently testing the intermediate resistance of its medium term bearish channel at 1.3080 suggesting a decline. However, a break of these levels will allow it to reach the upper limit of its channel at 1.3140.
Technical indicators do not provide clear signals but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have stabilized showing a more regular volatility.
The spot rate is currently testing the intermediate resistance of its channel, so we recommend 2 scenarios: The first one is the hypothesis of a decline - then we recommend a sell on the level of 1.3080 with the 1st objective at 1.3020 and then at 1.3000. A break through 1.3100 will invalidate this scenario. The second scenario is a break of its resistance - then we recommend a “buy stop” that means to buy the spot rate as soon as it has broken through its resistance of 1.3080 with the 1st objective at 1.3140 and then at 1.3160. A break through 1.3060 will invalidate this scenario.

More analysis - at instaforex.com