Daily analysis of Gold for January 27, 2016 888011000 110888 Introduction Gold price is checking 1,183.83 level after closing the last four-hour candlestick below it. As long as the rate is listed below this level, the negative pressure will remain dominant for today, waiting to check 1,173.00 as the next primary target. Let me remind you that breaking this level will extend gold losses to reach 1,162.40. Note that breaching 1,183.83 will lead the rate to check the most important resistance at 1,197.10 prior to determining the next destination on the short-term basis. Breaching the last level will stop the correctional bearish pressure and lead the rate to regain its main bullish track once again. The expected trading range for today is in between 1,170.00 support and 1,190.00 resistance. The material has actually been supplied by InstaForex Business-www.instaforex.com

By | January 27, 2017

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Overview

Gold price is testing 1,183.83 level after closing the last four-hour candlestick below it. As long as the price is below this level, the negative pressure will remain dominant for today, waiting to test 1,173.00 as the next main target. Let me remind you that breaking this level will extend gold losses to reach 1,162.40. Note that breaching 1,183.83 will lead the price to test the most important resistance at 1,197.10 before determining the next destination on the short-term basis. Breaching the last level will stop the correctional bearish pressure and lead the price to regain its main bullish track again. The expected trading range for today is between 1,170.00 support and 1,190.00 resistance.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Daily analysis of Silver for January 27, 2017 888011000 110888 Summary Silver cost continues its negative pressure to break the small bullish channel’s assistance and head to the important support of 16.56. As we pointed out in our recent reports, the price has to hold above this level to keep the bullish pattern active on the intraday and short-term basis, as breaking this level will press the cost to head towards 15.49 prior to any brand-new effort to increase. We still suggest the bullish pattern in the upcoming sessions on condition that the rate holds strongly above 16.56. Please note that the cost needs to breach 16.95 to ease the mission of heading to our very first primary target at 17.43. The expected trading variety for today is between 16.56 support and 17.00 resistance The material has actually been provided by InstaForex Business-www.instaforex.com

By | January 27, 2017

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Overview

Silver price continues its negative pressure to break the minor bullish channel’s support and head towards the critical support of 16.56. As we mentioned in our recent reports, the price needs to hold above this level to keep the bullish trend active on the intraday and short-term basis, as breaking this level will push the price to head towards 15.49 before any new attempt to rise. Therefore, we still suggest the bullish trend in the upcoming sessions on condition that the price holds firmly above 16.56. Please note that the price needs to breach 16.95 to ease the mission of heading towards our first main target at 17.43. The expected trading range for today is between 16.56 support and 17.00 resistance

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

USD/CAD intraday technical levels and trading suggestions for January 27, 2017 888011000 110888 The USD/CAD pair was trapped between the price levels of 1.3000(61.8%Fibonacci level) and 1.3360(50%Fibonacci level)until a bullish breakout happened one month ago.The pair challenged the upper limit of the portrayed channel around 1.3360-1.3400 which prospered to use adequate bearish pressure on the pair.Shortly after, a bearish engulfing weekly candlestick was expressed by the end of the week showing strong resistance around 1.3550. Bearish perseverance below the price level of 1.3300 (50%Fibonacci Level)was achieved.This allowed a further decrease toward 1.3200 and 1.3080(the lower limitation of the illustrated channel )where bullish rejection was expressed as anticipated.A bullish breakout above 1.3360(50%Fibonacci level )was expected to allow a more advance towards 1.3700-1.3750( the upper limit of the portrayed channel). Substantial bearish rejection was expressed around 1.3580(current established top). The cost level of 1.3300(50 %Fibonacci Level)failed to offer adequate assistance for the recent bearish pullback.That’s why, the recent bearish pullback towards 1.3000(61.8 %Fibonacci level )provided a valid BUY entry as anticipated in previous articles.This week, a bullish breakout above 1.3300(50% Fibonacci Level )is had to boost bullish advance toward 1.3440 and 1.3550. Otherwise, the USD/CAD pair stays trapped within the current debt consolidation variety(1.3000-1.3300). The material has been supplied by InstaForex Company-www.instaforex.com

By | January 27, 2017

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The USD/CAD pair was trapped between the price levels of 1.3000 (61.8% Fibonacci level) and 1.3360 (50% Fibonacci level) until a bullish breakout took place one month ago.

The pair challenged the upper limit of the depicted channel around 1.3360-1.3400 which succeeded to apply enough bearish pressure on the pair.

Shortly after, a bearish engulfing weekly candlestick was expressed by the end of the week indicating strong resistance around 1.3550.

Bearish persistence below the price level of 1.3300 (50% Fibonacci Level) was achieved.

This allowed a further decline toward 1.3200 and 1.3080 (the lower limit of the depicted channel) where bullish rejection was expressed as anticipated.

A bullish breakout above 1.3360 (50% Fibonacci level) was expected to allow a further advance toward 1.3700-1.3750 (the upper limit of the depicted channel). However, significant bearish rejection was expressed around 1.3580 (recent established top).

The price level of 1.3300 (50% Fibonacci Level) failed to provide enough support for the recent bearish pullback.

That’s why, the recent bearish pullback toward 1.3000 (61.8% Fibonacci level) offered a valid BUY entry as expected in previous articles.

This week, a bullish breakout above 1.3300 (50% Fibonacci Level) is needed to enhance bullish advance toward 1.3440 and 1.3550. Otherwise, the USD/CAD pair remains trapped within the current consolidation range (1.3000-1.3300).

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

NZD/USD Intraday technical levels and trading recommendations for January 27, 2017 888011000 110888 On November 8, substantial signs of a bearish reversal were revealed around the upper limit of the depicted combination range(0.7350 ). A bearish breakdown of 0.7250(the lower limitation of the portrayed range) boosted the bearish side of the market toward the rate level of 0.7100 (current bottom of October 28 )which was broken as well.Bearish persistence listed below 0.7100 permitted a fast declinetoward 0.6960 (BUY zone )where bullish rejection and a valid BUY entry were anticipated. All T/P levels were successfully achieved.Once once again, bearish perseverance below the cost level of 0.7100 made it possible for the NZD/USD pair to pursue toward lower target levels around 0.6990 (the upper limit of the portrayed BUY zone ). The rate level of 0.6990 cannot use sufficient bullish pressure. Rather of that, bearish movement continued toward the lower limitation of the depicted BUY zone(0.6860 )which offered substantial bullish rejection on December 23. The NZD/USD set was trapped within the illustrated rate range(0.6860-0.6990)till a bullish breakout occurred.A bullish breakout above 0.7000 enabled the set to head toward the price level of 0.7100(Key-Level )which cannot provide sufficient bearish pressure on the pair.Instead, bullish perseverance above 0.7100 (Key-Level) enables further bullish advance towards 0.7250-0.7300 (SELL-ENTRY) where a legitimate SELL entry can be provided if adequate bearish pressure is kept (Note the bearish engulfing daily candlestick of Yesterday).The product has been provided by InstaForex Business – www.instaforex.com

By | January 27, 2017

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On November 8, significant signs of a bearish reversal were expressed around the upper limit of the depicted consolidation range (0.7350).

A bearish breakdown of 0.7250 (the lower limit of the depicted range) enhanced the bearish side of the market toward the price level of 0.7100 (recent bottom of October 28) which was broken as well.

Bearish persistence below 0.7100 allowed a quick decline toward 0.6960 (BUY zone) where bullish rejection and a valid BUY entry were expected. All T/P levels were successfully achieved.

Once again, bearish persistence below the price level of 0.7100 enabled the NZD/USD pair to pursue toward lower target levels around 0.6990 (the upper limit of the depicted BUY zone).

The price level of 0.6990 failed to apply enough bullish pressure. Instead of that, bearish movement continued toward the lower limit of the depicted BUY zone (0.6860) which provided significant bullish rejection on December 23.

The NZD/USD pair was trapped within the depicted price range (0.6860-0.6990) until a bullish breakout occurred.

A bullish breakout above 0.7000 allowed the pair to head toward the price level of 0.7100 (Key-Level) which failed to provide sufficient bearish pressure on the pair.

Instead, bullish persistence above 0.7100 (Key-Level) allows further bullish advance toward 0.7250-0.7300 (SELL-ENTRY) where a valid SELL entry can be offered if enough bearish pressure is maintained (Note the bearish engulfing daily candlestick of Yesterday).

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Intraday technical levels and trading recommendations for GBP/USD for January 27, 2017 888011000 110888 The cost zone between 1.3845 and 1.3550(historical bottoms set in January 2009) was considered a substantial need zone to be watched for bullish recovery.However, by the end of June a substantial bearish break listed below 1.3550 was revealed as seen on the depicted charts (essential reasons). Bearish persistence below the demand level at 1.3550 boosted the bearish circumstance toward the cost levels around 1.2700(Bearish forecast target). Ever since, the GBP/USD set has been caught inside the illustrated combination range above 1.2700 till a bearish breakout happened on October 6. Daily perseverance listed below 1.2700 validated the bearish Flag pattern. That is why, a bearish projection target would be located around 1.2020.On October 25, Bullish healing was started around the price level of 1.2080. That is why, a bullish pullback was performed towards 1.2700-1.2750. Risky traders considered this bullish pullback towards the cost zone of 1.2700-1.2750 to be a legitimate SELLentry. All T/P levels were effectively reached.On January 16, Bullish Price action was expressed around the demand level of 1.2000. That’s why, a bullish engulfing candlestick was expressed on Tuesday.The initial bullish target lies around 1.2550 supplied that the present bullish breakout above 1.2430 is maintained.Otherwise, the next bearish destination would lie around 1.1200(Fibonacci Expansion 100%)if bearish momentum is resumed.The product has been supplied by InstaForex Company-www.instaforex.com

By | January 27, 2017

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The price zone between 1.3845 and 1.3550 (historical bottoms set in January 2009) was considered a significant demand zone to be watched for bullish recovery.

However, by the end of June a significant bearish break below 1.3550 was expressed as seen on the depicted charts (fundamental reasons). Bearish persistence below the demand level at 1.3550 enhanced the bearish scenario toward the price levels around 1.2700 (Bearish projection target).

Since then, the GBP/USD pair has been trapped inside the depicted consolidation range above 1.2700 until a bearish breakout took place on October 6.

Daily persistence below 1.2700 confirmed the bearish Flag pattern. That is why, a bearish projection target would be located around 1.2020.

On October 25, Bullish recovery was initiated around the price level of 1.2080. That is why, a bullish pullback was executed toward 1.2700-1.2750.

Risky traders considered this bullish pullback toward the price zone of 1.2700-1.2750 to be a valid SELL entry. All T/P levels were successfully reached.

On January 16, Bullish Price action was expressed around the demand level of 1.2000. That’s why, a bullish engulfing candlestick was expressed on Tuesday.

The initial bullish target is located around 1.2550 provided that the current bullish breakout above 1.2430 is maintained.

Otherwise, the next bearish destination would be located around 1.1200 (Fibonacci Expansion 100%) if bearish momentum is resumed.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Intraday technical levels and trading recommendations for EUR/USD for January 27, 2017 888011000 110888 In January 2015, the EUR/USD set moved listed below the significant need levels near 1.2100 where historic bottoms were formerly set in July 2012 and June 2010. A long-lasting bearish target was predicted toward 0.9450. In March 2015, EUR/USD bears challenged the regular monthly need level around 1.0570, which had actually been previously reached in August 1997. Later in April 2015, a strong bullish healing was observed around the mentioned demand level.However, next monthly candlesticks (September, October, and November)showed a strong bearish rejection around the area of 1.1400-1.1500. In the longer term, the level of 0.9450 remains a projected target if the current monthly candlestick accomplishes bearish closure listed below the depicted monthly need level of 1.0570. The long-lasting outlook for the EUR/USD set remains bearish as the regular monthly chart illustrates. Bearish determination below 1.0575 is had to pursue this bearish scenario.In September 2016, momentary bullish breakout above 1.1250 was revealed once again, however evident bearish pressure was applied on the EUR/USD pair on September 16. Closure below 1.1250 (supply level 1)preserved enough bearish pressure and improved the drawback momentum toward the rate level of 1.1000(crucial level 1). Bearish persistence below 1.0825 permitted even more fall to take place at 1.0570(demand level )where bullish rejection and a legitimate BUY entry were revealed on November 24.Quickly after, the Fibonacci Expansion 100% (1.0825) constituted a recent supply level which used a valid SELL entry on December 8.Bearish determination listed below the portrayed demand level (1.0570) was anticipated to enable additional decline toward 1.0220. Substantial bullish healing was revealed around the cost level of 1.0340 on January 3. Bullish perseverance above 1.0600 enables more bullish advance towards 1.0825-1.0850 (Fibonacci Growth 100%) where bearish rejection must be anticipated.Bullish breakout above 1.0570-1.0600 was carried out on January 12. For this reason, the rate level of 1.0600 now makes up a recent need level to be watched for bullish rejection if any bearish pullback occurs.The material has been offered by InstaForex Business -www.instaforex.com

By | January 27, 2017

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In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 where historical bottoms were previously set in July 2012 and June 2010.

Hence, a long-term bearish target was projected toward 0.9450.

In March 2015, EUR/USD bears challenged the monthly demand level around 1.0570, which had been previously reached in August 1997.

Later in April 2015, a strong bullish recovery was observed around the mentioned demand level.

However, next monthly candlesticks (September, October, and November) reflected a strong bearish rejection around the area of 1.1400-1.1500.

In the longer term, the level of 0.9450 remains a projected target if the current monthly candlestick achieves bearish closure below the depicted monthly demand level of 1.0570.

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The long-term outlook for the EUR/USD pair remains bearish as the monthly chart illustrates. Bearish persistence below 1.0575 is needed to pursue this bearish scenario.

In September 2016, temporary bullish breakout above 1.1250 was expressed again, but evident bearish pressure was applied on the EUR/USD pair on September 16.

Closure below 1.1250 (supply level 1) maintained enough bearish pressure and enhanced the downside momentum toward the price level of 1.1000 (key level 1).

Bearish persistence below 1.0825 allowed further fall to occur at 1.0570 (demand level) where bullish rejection and a valid BUY entry were expressed on November 24.

Shortly after, the Fibonacci Expansion 100% (1.0825) constituted a recent supply level which offered a valid SELL entry on December 8.

Bearish persistence below the depicted demand level (1.0570) was expected to allow further decline toward 1.0220. However, significant bullish recovery was expressed around the price level of 1.0340 on January 3.

Bullish persistence above 1.0600 allows further bullish advance toward 1.0825-1.0850 (Fibonacci Expansion 100%) where bearish rejection should be anticipated.

Bullish breakout above 1.0570-1.0600 was executed on January 12. Hence, the price level of 1.0600 now constitutes a recent demand level to be watched for bullish rejection if any bearish pullback occurs.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Gold analysis for January 27, 2017 888011000 110888 Recently, gold has actually been trading downwards. As I expected, the cost evaluated the level of$1,181.31. According to the 30M timespan, I found unconfirmed bullish divergence on a Moving Average Oscilator, which signifies possible strength. To validate bullish divergence, the rate has to break the level of$ 1,191.50. Anyhow, the pattern is still bearish and Gold could check out the level of$1,177.50. Watch for selling chances on the pullbacks as long the rate has not validated bullish divergence.Resistance levels: R1: 1,197.00 R2: 1,200.30 R3: 1,205.70 Support levels: S1: 1,186.20 S2: 1,182.90 S3: 1,177.55 Trading recommendations for today: Watch for possible selling opportunities.The material has been provided by InstaForex Business-www.instaforex.com

By | January 27, 2017

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Recently, gold has been trading downwards. As I expected, the price tested the level of $1,181.31. According to the 30M time frame, I found unconfirmed bullish divergence on a Moving Average Oscilator, which is a sign of potential strength. To confirm bullish divergence, the price needs to break the level of $1,191.50. Anyway, the trend is still bearish and Gold could visit the level of $1,177.50. Watch for selling opportunities on the pullbacks as long the price has not confirmed bullish divergence.

Resistance levels:

R1: 1,197.00

R2: 1,200.30

R3: 1,205.70

Support levels:

S1: 1,186.20

S2: 1,182.90

S3: 1,177.55

Trading recommendations for today: Watch for potential selling opportunities.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

EUR/NZD analysis forJanuary 27, 2017 888011000 110888 Just recently, EUR/NZD has actually been trading sideways at the rate of 1.4745. According to the 15M amount of time, I discovered bearish divergence in progress, which is an indication that buying looks risky. My suggestions is to look for potential selling opportunities. A downward target is set at the rate of 1.4695.The short-term trend is still downward. Cost is also checkingFibonacci retracement 38.2%at the level of 1.4760. Fibonacci Pivot Points: Resistance levels R1: 1.4800 R2: 1.4840 R3: 1.4895 Assistance levels: S1: 1.4700 S2: 1.4670 S3: 1.4615 Trading suggestions for today: expect prospective selling opportunities.The material has been supplied by InstaForex Business-www.instaforex.com

By | January 27, 2017

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Recently, EUR/NZD has been trading sideways at the price of 1.4745. According to the 15M time frame, I found bearish divergence in progress, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. A downward target is set at the price of 1.4695. The short-term trend is still downward. Price is also testing Fibonacci retracement 38.2% at the level of 1.4760.

Fibonacci Pivot Points:

Resistance levels

R1: 1.4800

R2: 1.4840

R3: 1.4895

Support levels:

S1: 1.4700

S2: 1.4670

S3: 1.4615

Trading recommendations for today: watch for potential selling opportunities.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander