InstaForex Wave Analysis - page 152

 

GBP/USD technical analysis for March 22, 2013

RECOMMENDATION:

BUY stop (pending order) at 1.5201.

Take profit at 1.5215.

Stop loss at 1.5191.

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GBP/USD weekly technical level for March 25-29, 2013

DESCRIPTION:

Today the GBP/USD already breached above the 1.5246 level, and for this week, the pair will try to reach 1.5305 as the target. But if the pair loses the momentum this currency will fall to the strong support at 1.5199. If 1.5194 is passed too, then the GBP/USD will go to enter the weekly median price at 1.5162 to 1.5111.

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EUR/JPY technical analysis for March 26, 2013

RECOMMENDATION:

Buy stop (pending order) at 121.51.

Take profit at 121.65.

Stop loss at 121.41.

Alternative:

Sell stop (pending order) at 120.99.

Take profit at 120.85.

Stop loss at 121.09.

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EUR/JPY technical analysis for March 27, 2013

RECOMMENDATION:

Buy stop (pending order) at 122.01.

Take profit at 122.15.

Stop loss at 121.91.

Alternative:

Sell stop (pending order) at 121.49.

Take profit at 121.35.

Stop loss at 121.59.

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EUR/JPY technical analysis for March 28, 2013

RECOMMENDATION:

Sell stop (pending order) at 120.24.

Take profit at 120.10.

Stop loss at 120.34.

Alternative:

Buy stop (pending order) at 120.76.

Take profit at 120.90.

Stop loss at 120.66.

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EUR/USD weekly technical analysis for April 01-05, 2013

For this whole week starting from April 01 to 05, 2013, this currency is going to test 1.2751 level. If this level can be breached it will try to reach 1.2671, as the primary target, and 1.2568, as the secondary target. Although the EUR/USD pair has got a reversal movement to the upsides, close above its strong resistance between 1.2814 to 1.2821, then the EUR/USD pair is going to enter its mid-price level at 1.2864 and 1.2934.

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GBP/USD technical analysis for April 2, 2013

RECOMMENDATION:

Buy stop (pending order) at 1.5251.

Take profit at 1.5265.

Stop loss at 1.5241.

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EUR/JPY technical analysis for April 03, 2013

RECOMMENDATION:

SELL stop (pending order) at 119.49.

Take profit at 119.35.

Stop loss at 119.59.

Alternative:

BUY stop (pending order) at 120.01.

Take profit at 120.15.

Stop loss at 119.91.

More analysis - at instaforex.com

 

Strategy of the day on GOLD

Gold approaches the intermediate support of its medium-term bearish channel at 1,525 suggesting a rebound. However, a break of this level will free a large potential and reach the lower limit of its channel at 1,495. Technical indicators provide sell signals, but 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 approaches the intermediate support 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 1,525 with the 1st objective at 1,535 and then at 1,538. A breakthrough of 1,522 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 1,525 with the 1st objective at 1,515 and then at 1,512. A breakthrough of 1,528 will invalidate this scenario.

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AUD/USD technical analysis for April 5, 2013

RECOMMENDATION:

Sell stop (pending order) at 1.0399.

Take profit at 1.0385.

Stop poss at 1.0409.

Alternatives:

Buy stop (pending order) at 1.0451.

Take profit at 1.0465.

Stop loss at 1.0441.

More analysis - at instaforex.com