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Thursday, October 25, 2012

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Author's today's articles:

Arief Makmur - Official analytic of InstaForex Companies Group

Born May, 15th/1970 at Jakarta; Graduate from Trisakti University in 1998 at Major Corporate & Bussiness Law. Starting in Finance World in 1998 at Jakarta Stock Exchange & Familliar with Forex Market since December 2003.

Mourad El Keddani - Official analytic of InstaForex Companies Group

Was born in Oujda, Morocco. Currently lives in Belgium. In 2003 obtained B.S. in Experimental Sciences. In 2007 obtained a graduate diploma at Institut Marocain Specialise en Informatique Applique (IMSIA), specialty � Software Engineering Analyst. In 2007�2009 worked as teacher of computer services and trainer in a professional school specializing in computer technologies and accounting. In 2005 started Forex trading. Authored articles and analytical reviews on Forex market on Forex websites and forums. Since 2008 performs Forex market research, and develops and implements his own trading strategies of Forex analysis (especially in Forex Research & Analysis, Currency Forecast, and Recommendations and Analysis) that lies in: Numerical analysis: Probabilities, equations and techniques of applying Fibonacci levels. Classical analysis: Breakout strategy and trend indicators. Uses obtained skills to manage traders� accounts since 2009. In April 2009 was certified Financial Technician by the International Federation of Technical Analysts. Winner of several social work awards: Education Literacy and Non-Formal Education (in Literacy and Adult Education in The National Initiative for Human Development).
Languages: Arabic, English, French and Dutch.
Interests: Algorithm, Graphics, Social work, Psychology and Philosophy.
"The world is moved not only by the mighty shoves of the heroes, but also by the aggregate of the tiny pushes of each honest worker"
Helen Keller

Ahsan Aslam - Official analytic of InstaForex Companies Group

Born in 1988, obtained his professional degree of accounting (chartered Accountant). In 2007 to enhance his exposure and to excel in Accounting and auditing field he has obtained professional certification of CIA (certified Internal Auditor) from Institute of Internal Auditors USA. Acquired his First Experience as a Analyst of stock exchange in investment company. In 2007 Started Trading Forex online and managed some big accounts. He wrote many articles about forex trading in business magazines and analysis. In 2009 Completed his first book that covered topics related to technical analysis. In 2010 founded his own company providing its clients with complete overview and ease of trading through Forex technical research and analysis.

Harsh Japee - Official analytic of InstaForex Companies Group

Official analyst of InstaForex Companies Group. Born on 4th February 1977. Studied Bachelor of Computer Science and Engineering, Dgyneshwar Vidhyapeeth, Pune, India. Work Experience:Worked as a Network Specialist and was involved in many Wide Area Network implementation projects for Corporates and Stock Exchanges in India. Got involved into Forex Markets, since early 2006. Developed Trading Sills and became an FX Technical Trainer since March 2008. Currently visiting premier B-Schools as a Technical Trainer and also serving at Ahmedabad Management Association. With Divine Blessings of Guruji have personally trained around 750+ participants in Gujarat since March 2008. Also acting as a Currency Hedging Advisor to a few Export-Import Companies in Ahmedabad, Gujarat. Authored "FX Technical Traders Handbook" published by Ahmedabad Management Association. Interests: Light Music, Meditation, Serving Less Priviledged. "When One Understands "Who am I", All Problems are Solved." By Our Divine Guruji, Dhyanyogi Shri Madhusudasji Maharaj

USD/JPY Intraday Technical Levels for October 25, 2012
2012-10-25

TODAY's  TECHNICAL  LEVELS:

 

Resistance 3: 80.34.
Resistance 2: 80.18.
Resistance 1: 79.96.
Support 1: 79.78.
Support 2: 79.62.
Support 3: 79.46.

 

DESCRIPTION:

Please, pay attention to the levels of support 3 (79.46) and resistance 3 (80.34). In general, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

 

 

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
E-mail: Arief.jakarta@indo.instaforex.com

EUR/USD Intraday Technical Levels for October 25, 2012
2012-10-25

TODAY's  TECHNICAL  LEVELS:

 

 

Breakout BUY Level: 1.3026.
Strong Resistance: 1.3018.
Original Resistance: 1.3006.
Inner Sell Area: 1.2994.
Target Inner Area: 1.2963.
Inner Buy Area: 1.2932.
Original Support: 1.2920.
Strong Support: 1.2907.
Breakout SELL Level: 1.2900.

DESCRIPTION: Today EUR/USD has support and resistance at 1.2920 and 1.3006. The rate is accompanied by strong support at 1.2907 and by 1.3018 as strong resistance. If EUR/USD breaks out and closes below 1.2900 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3026 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2932 and at 1.2994 – a SELL position. In this case both targets should be located at the level of 1.2963.


Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
E-mail: Arief.jakarta@indo.instaforex.com

NZD/USD: Technical Analysis for October 25, 2012
2012-10-25

Overview:

The NZD/USD pair is expected to continue the movement from the point of 0.8165. Thus, the kiwi shows the signs of strength, following the breakdown of the highest level 0.8165. This fact can be considered as a good signal for BUY deals above this strong support (0.8165) with the first targets at 0.8230 and 0.8290 (it will serve as a strong resistance level and is considered to be appropriate for take profit orders). It is necessary to mention that this level will coincide with the weekly resistance 2 (0.8287). However, in case of the reverse movement and if the NZD/USD pair fails to break through the resistance level of 0.8287, the market will show a further decline to the level of 0.8165 (it is the weekly pivot point) indicating a bearish mood in order to retest the weekly support 1 at the level of 0.8103.

Weekly Pivot Points:

R3: 0.8344
R2: 0.8287
R1: 0.8222
PP: 0.8165
S1: 0.8100
S2: 0.8043
S3: 0.7978

If you have any questions or requests, please feel free to contact me mourad.elkeddani@analytics.instaforex.com.

EUR/USD: Technical Analysis for October 25, 2012
2012-10-25

Weekly Pivot Point: 1.3017

 

 

Overview: Technical Analysis for October 24 - 25, 2012.
The EUR/USD pair has broken the resistance level and turned towards the support level near the two-month point of 1.2903. Therefore, the pair has already formed a strong support at 1.2803 / 1.2894. Moreover, having failed to close below 1.2900 yesterday, the pair started showing a bullish reaction at this level. It is necessary to mention that these levels coincide with strong levels for bulls on H4 chart; the pair has also formed a strong support at the level of 1.2803 / 1.2894. The pair will move upwards, it is convincing; the structure of the upside movement does not look corrective and is indicating a bullish opportunity above 1.2803. This can be a good sign for buy deals above 1.2803 / 1.2894 with the first target at 1.2970 initiating an uptrend in order to continue the bullish mood towards the point of 1.3015 and further to 1.3130. If the trend breaks the weekly pivot point (1.3017), then the pair will go upwards to these targets. However, it should also be noted that the price is still between 1.3090 and 1.2955, as the last strong resistance level (1.3140) is still able to begin a downtrend at this level. Thus, the market indicates a bearish opportunity at the level 1.3140 on H4 chart with the first target at 1.3090 and continues towards 1.3000.

Weekly Pivot Points:
R3: 1.3392
R2: 1.3266
R1: 1.3143
PP: 1.3017
S1: 1.2894
S2: 1.2768
S3: 1.2645

Observation (s):
If the trend is ascending, then the strength of the currency will be defined as following: EUR is an uptrend and USD is a downtrend.
Most of the traders use the Fibonacci retracement to determine accurately the psychological support and resistance levels.
Stop loss should NEVER exceed your maximum exposure amounts.
The market has a high volatile as usual if the last day had a huge volatility.

If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.

USD/JPY: Further Advance
2012-10-25

Overview:
USD/JPY is trading with risks skewed higher. U.S. Federal Reserve as expected said it would keep its "exceptionally low" interest rates through mid-2015 and that it would continue buying $40 billion in mortgage-backed securities each month - in line with its September statement. USD/JPY is underpinned by demand from Japan importers and weak JPY sentiment on expectations for further monetary easing from Bank of Japan at its Oct. 30 meeting. USD/JPY is also supported by yen-funded carry trades amid diminished investor risk aversion (VIX fear gauge eased 2.66% to 18.33) on upbeat HSBC China October manufacturing PMI, although U.S. stocks closed lower (S&P down 0.31%) as Fed reiterated its concerns over U.S. economy. But USD/JPY upside is limited by Japan exporter sales; there are concerns about U.S. "fiscal cliff" that could throw the U.S. economy back into recession.
Preference:
As USPJPY is expected to trade in higher ranges, long position is recommended. Buy above 79.65 with 80.1 and 80.35 in sight.
Resistance Levels:
R1 - 80.09 (Tuesday's high-July 5 high)
R2 - 80.35
R3 - 80.63 (June 25 high), then 81.78 (April 20 reaction high).  
Alternative scenario:
In case price moves below 79.65 the downside penetration of 79.65 will call for a slide towards 79.4 and 79.1.
Support Levels:
S1 - 79.4
S2 - 79.1
S3 - 78.91 (Oct. 18 low) 
Technical Comment:
The pair remains on the upside and is challenging its resistance. USD/JPY daily chart is positive-biased as MACD is bullish, stochastics stays elevated at overbought, and five-day moving average is above 15-day MA and rising.

USD/CHF: Intraday Support Around 0.9305
2012-10-25

Overview:
USD/CHF is trading in lower range. The rate is undermined by broadly weaker demand for safe-haven USD amid lower risk aversion.
Preference:
As USDCHF is trading in lower ranges, short position is recommended. The downside penetration of 0.9305 will call for a slide towards 0.9285 and 0.9827.
Support Level:
S1 - 0.9285
S2 - 0.9827
S3 - 0.9191 (May 8 low) 
Alternative scenario:
In case 0.9305 proves to be strong support, then buy above 0.9305 with 0.936 and 0.9375 in sight.
Resistance Levels:
R1 - 0.9361 (Wednesday's high)  
R2 - 0.9371 (Oct. 15 high)
R3 - 0.9418 (Oct. 11 high)  
Technical Comment: 
Daily chart is mixed as MACD and stochastics are bullish; but bearish Doji Shooting Star candlestick pattern completed on Wednesday.

GbpChf Meets Resistance At 1.4950
2012-10-25

Technical Outlook and Chart Setups:

As we discussed yesterday, the single currency pair has fulfilled expectations of rising through the resistance area around 1.4950 region. As it was depicted above, this region is reinforced by the trend line resistance and also the past resistance turned support region. A reaction is expected around price range 1.4950/60. It is highly recommended to give respect to the bearish setup until the R1 is intact i.e. around 1.5050 as shown above. If a bearish setup is materialized here, expect 1.4700 to be the minimum downside target.

Trading Recommendations:

Short now (1.4950). Stop at 1.5100. Target at 1.4700.

Good Luck!

EurJpy May Spike To 104.70 Levels Before Pulling Back
2012-10-25

Technical Outlook and Chart Setups:

As it was depicted above, the short-term support at 103.00 was broken yesterday. It is quite possible that the single currency pair rallies through the resistance area around 104.20/30; then a pullback occurs. On the other hand, a possibility still remains for a rally through 104.75 region before a meaningful reversal materializes. Either way, it is recommended to look for selling opportunities. Intermediary support is placed at 101.75, followed by 101.00 and 100.00 respectively. Resistance is placed at 104.50/60 at the moment.

Trade Recommendations:

Look for selling opportunities around 104.20/30 or 104.70 region, stop at 105.50. Target at least 102.00.

Good Luck!

Silver Bullish Setup Materializes... Buying On Dips Recommended
2012-10-25

Technical Outlook and Chart Setups:

Silver rallies through 32.00 level indicating further bullish scenario for the metal in the coming sessions. The next resistance is placed at 32.50 and a push through it will further confirm strength here. Support remains strong at 30.20 level. It appears that the pullback from sub 35.00 level may be over near 31.60 level (around yesterday’s lows). It is recommended to stay long and look to add positions on intraday dips from here on. Next immediate bullish target is 32.50 level. Long for now.

Trading Recommendations:

Stay long for now and add on intraday dips. Stop at 31.00. Target open.

Good Luck!

Gold Holds 1,700.00 And Rallies Through 1,713.00 Level. Reversal / Pullback Due
2012-10-25

Technical Outlook and Chart Setups:

Gold threatened to break past 1,700.00 levels last evening but managed to hold it good and further follow it up through 1,713.00 level. This is an indication that further gains are lined up from here on. Any intraday pullbacks from here should be considered as opportunities to go long again. Immediate support is placed and intact at 1,695/90 levels. The next resistance level is lined up at 1,730.00 levels. This would instill further confidence in the bullish structure. It is recommended to look for buying opportunities.

Trading Recommendations:

Stay long for now. Stop at 1,680.00 level. Target open.

Good Luck!

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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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