| Author's today's articles: Gerardo Porras Palomino - Official analytic of InstaForex Companies Group  Born August 30, 1980, in Huancayo, Peru. Since 1999 studied Maintenance Mechanics, specializing in fluids engineering (SENATI). In 2005 entered the foreign exchange market and started dealing with investments and studying Technical Analysis. Since 2007 devoted all his time to Forex world. Passed the advanced course of Forex trading (UdeForex) at University of Forex and thus aquired the following qualification: Operator and Analyst in the foreign exchange market. Carried out many other studies; among them there are the Waves of Elliot, the famous theory of Fibonacci etc. Presently seeks to operate his own money on the market, to carry out Technical and fundamental analysis and also to instruct beginners helping them to gain consistency in trading.Interest: reading, music, playing chess, operating on Forex. GBP/USD Daily Fractal 1.6135. For October 25, 2012 (Daily Strategy) 2012-10-25 The pound sterling is very optimistic after it had fallen to 1.5915 (bullish channel level.) Now it is trading at 1.6143. As we mentioned in our article on Tuesday, we expected a bounce upwards and it happened.
In the short term a break of the downtrend line is likely to occur. If this line is broken, the upward movement until 1.63 is likely to continue. On the other hand, the downward pressure will continue to increase below 1.6135 (daily fractal), so we can expect a correction of the pair to 1.6010.
You can make the decision to buy or sell this pair, according to the graph shown below. It is important to take into account the fractal 1.6135.
At a fundamental level, Mervyn King, Chairman of the Monetary Policy Committee, says the Committee is ready to add to a new stimulus, since it assesses the strength of the national recovery amid signs of global economic weakness is spreading. For this reason this pair is optimistic, it is likely that for the next few days it is trading by 1.63.
The technical indicator is at a level of indecision. 
If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com If you like my technical analysis, please vote for me, in the portal MT5.com, please login and then vote for me. Thanks. EUR/USD Strong Support 1.2920. For October 25, 2012 (Daily Strategy) 2012-10-25 The EUR/USD is returned by the fractal 1.3005 after it fell to 1.2916 yesterday, as the Federal Reserve announced that it would leave interest rates and monetary policy unchanged.
Today we can consider two scenarios. The first if the pair closes 4 hours charts above 1.3005, an upward move to 1.3120 is likely to be extended. The second is if the pair trades below 1.30, a correction to the line of the bullish channel is likely to occur. It is recommended to buy at this level with targets up to 1.3120.
For several weeks since August, it is getting more complicated to consider the rate of the pair as there is uncertainty over Greece and Spain, weighing on the euro. Therefore, it is recommended to exercise caution and operate with low leverage.
Technical indicators are showing a continuation of the upward movement. 
If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com If you like my technical analysis, please vote for me, in the portal MT5.com, please login and then vote for me. Thanks. Fundamental Analysis For October 25, 2012 2012-10-25 The Fed announcement was not so optimistic about monetary policy meeting which ended on Wednesday. The plans announced by the Chairman Bernanke during the previous meetings remain inalterable. Perhaps key economic variables of the U.S. economy are beginning to provide positive figures.
It is proved as durable goods orders in September experienced the significant improvement. It is due to its high value; it grew 2%, much higher than expected by analysts sector. At the same time, the Weekly unemployment claims declined slightly, remaining almost in line with expectations.
But the day was in optimistic mood as UK's GDP finally seems to emerge from the recession that was attacking for several quarters. The preliminary measurement of the third quarter of the year showed an increase of 1%, modest, but enough to give the sterling a strong bullish momentum, which was mostly in its crosses against the euro and the yen.
The decline in the yen against the dollar (reached its minimum of four months, exceeding the benchmark of 80 units) gave the cross GBP/JPY strong upward movement.
The euro, however, fails to fully stabilize. It surpassed early in the European session near 1.30, but failed to reach 1.3030. Hera a new low began; it may extend to the American session.
It seems that the other leading currencies gain new strength against the dollar, although, some noticeable signs of exhaustion in bullish rallies crossings AUD/USD and NZD/USD are observed. It could suffer downward corrections in the coming hours.
Of course, it depends on the behavior of the shares on NYSE. For now, the Dow Jones index futures do not provide clear signals, although, it maintains a bearish bias ruling on a base 12,960 points, which would break a trend change in the medium term. It seems, however, that it happens today. Subscription's options management Theme's:
Fundamental analysis, Fractal analysis, Wave analysis, Technical analysis, Review, Forecast, Stock Markets
Author's :
Alexander Dneprovskiy, Aleksey Goncharov, Maxim Magdalinin, Stanislav Polyanskiy, Alexey Portnov, Natalia Grigorieva, Aleksey Almazov, Asri Mahmood, Denis Strelkov, Arief Makmur, Gleb Kabanov, Vadim Idrisov, Gerardo Porras Palomino, Albert Fitoussi, Sergey Dushechkin, Mohamed Samy, Vyacheslav Belousov, Oleg Khmelevskiy, Mourad El Keddani, Sergey Litvinenko, Muzammil Hussain Bhatti, Grigory Sokolov, Mohamed Nour Elden Beshir, Yuriy Zaycev, Andrey Syrbu, Harsh Japee, Dmitriy Demidenko, Azeez Mustapha, Nikita Kabanovs, Ahsan Aslam
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