GOLD Intraday Technical analysis 2011-06-30

Gold is currently testing the intermediate resistance of its medium-term bullish channel in 1520 suggesting a decline . However a break of these levels would allow it to reach the upper limit of the channel to 1560.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1520 with a 1st objective of 1530, then 1534. A break in 1518 would invalidate this scenario.

http://instaforex.com/forex_analysis/32217?x=OUE

EUR/JPY Possible Bullish Opportunity - June 29, 2011

17 March candlestick marked in the chart came as a very nice hummer indicating strong bullish rejection of support level 106.80 .
Since beginning of May 2011 price has been consolidating between 38.2% - 61.8% Fibonatcci levels .
Watching 61.8% Fibonatcci level , we notice the nice bullish reaction of the daily candlesticks as Full Body bullish candlesticks .

On 4H timeframe we had a broken downtrend line successfully retested as marked in the chart .
Then we had a successful break of the resistance level 115.70 .
Also we notice the uptrend line on the MACD indicator marked in the chart .
Based on the previous Analysis :
The view for the pair is bullish
Best BUY area is the retest of the broken resistance level 115.70 now acting as support .
TP for long positions is 116.50 , 117.00 .
SL should be 4H closure below 114.90 .


http://instaforex.com/forex_analysis/32069?x=OUE  

GBP/USD candlestick analysis for June 24, 2011

Earlier in a 4-hour graph the GBP/USD has formed Morning Doji Star candlestick combination indicating bullish signal.
This candlestick combination was formed after the pair failed to break the support level 1.5932 which means that the bears could not solidify here. Further the bulls started to increase their influence and a rebound to the upside took place.
Break of the Fibonacci correction level 23.6 will denote that this point of view is correct. In this case we should expect growth to the resistance level 1.6262 where the Fibonacci correction level 50.0 is also located. If the pair fixates above 1.6262, this will target it to 1.6472.
It is worth mentioning that stop loss should be placed slightly below 1.5932 as a break of this support level will allow the pair to reach 1.5750.

http://instaforex.com/forex_analysis/31729/?x=OUE    

Final results of “Win Lotus with InstaForex” campaign

EUR/JPY Two possible scenarios and trade opportunity June 9, 2011

EUR/JPY currency pair has been consolidating inside bullish channel since 23 May .
As we follow the price action towards the upper limit of red channel we see strong rejection of the level 117.70 which has proved itself as a strong resistance level till now .
Also we notice that the price started to make lower lows and lower highs indicating weakness of the upside direction .
Based on the previous analysis :
4H candlestick closure below the lower limit of the channel (BLUE ONE) gives the signal to go SHORT with target at 115.05
4h candlestick closure above the upper limit of the channel ( RED ONE ) gives the signal to go LONG which isn't recommended as we see .
SL for both positions is the achievement of the opposite one .


http://instaforex.com/forex_analysis/30549/?x=OUE  

CRUDE OIL Bullish Outlook June 08, 2011 (Daily Strategy)

CRUDE OIL
The oil price is consolidating between the levels of 97.90 to 103.20, so it has not yet defined exactly if it continued its downtrend in the short term, or retake its upward trend long term. The first position can by buy now  (98,20) and strengthened later by an additional position in the event that the price of oil breaks through the nearby resistance rate at 100.60 dollars or close above the weekly pivot line.
The price of oil is expected to easily rise above the resistance level of 105,90 dollars and perhaps go even higher than that.



 

British pound forecast in terms of market profile for Tuesday, June 7, 2011

On Monday, June 6, the market profile on the British pound is referred to the trend day.
During the trading day the British pound slid down against the US dollar and garnered the support only after it reached the POC area of June 3 – 1.6339.
By the results of the day the fair price zones are positioned within VAL – 1.6383 and VAH – 1.6459. The POC control point was formed at 1.6426.
Forecast for today:
At the early Asian session the British pound slides down against the US dollar.
In case the downfall continues the first support level will be Ibx.3 – 1.6327 from which it may continue declining to POC of May 26 – 1.6310 and then to 1.6290 – VAH of May 25, 2011.
 
1.6382 – VAL , 1.6394 – VAL 1 , 1.6408 – VAL 27 .
«» 1.6420 – POC 27 , POC .
. , Forex.

– POC (Point of Control) – , .
– VAL – , , POC.
– VAH - , , POC.
– IBx1.5 (Initial balance) – , ( , , )
– IBx2 – , ( , , ).
– Ibx3 – , ( , , ).
http://instaforex.com/forex_analysis/30253/?x=OUE