EUR/JPY technical analysis for June 19, 2013

Today this currency pair is in the uptrend. This is indicated by the moving average already making a Golden Cross pattern, but please remain careful because this night the US FOMC Statement is expected, please be prepared for the reversal movement during the news release.

RECOMMENDATION:
Buy stop (pending order) at 128.11. Take profit at 128.25. Stop loss at 128.01.

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EUR/JPY technical analysis for June 24, 2013

For today, EUR/JPY seems to have got a bullish momentum again, but the momentum is not strong enough because we spotted that EUR/JPY has already touch the EMA (100), this means the weak signal of the current trend (bullish), so please be prepared for unexpected reversal moves on this currency. 

RECOMMENDATION:
Buy stop (pending order) at 129.26.
Take profit at 129.40.
Stop loss at 129.16.

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AUD/USD - Buy above 0.9341 - daily strategy for June 27, 2013

Yesterday the Australian dollar overcame 0.9294 area. After three attempts to break it, this pair at the moment is trading at 0.9322. Now it must face the 0.9341 area. A closure 4H chart above this level will open the way to the area of 0.9519, psychological level. It is the first weekly resistance. This morning during the American session, there will be data, which certainly will give strength to the U.S. dollar. On the other hand, China's economy is slowing, because of this, Australia is lagging with all the raw material used to be exported in large quantities. Also the price of gold is affecting this pair. The fact that today in the early hours of the day it reached the level of $1,222 per an ounce of gold is weakening the strength of the Aussie. On the other hand, people have begun to worry because the RBA will need to cut rates in the near term. However, we recommend you to buy this pair only if the price of the pair exceeds the 0.9341 area in 4H charts with objectives to the level of 0.9480.

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EUR/JPY technical analysis for July 1, 2013

The EUR/JPY is still in the uptrend movement now; this fact has been already indicated by all the three "Golden Cross" chart patterns created by Moving Averages. As long as the retrachement from the EUR/JPY do not touch the EMA 100 (Green), the uptrend situation will continue.

RECOMMENDATION:   
BUY Stop (Pending Order) @ 129.51.
Take Profit @ 129.65.
Stop Loss @ 129.41.

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EUR/JPY technical analysis for July 4, 2013

Yesterday, EUR/JPY already breached bellow the EMA 100 (green) and went back above the EMA 100 (green) again. The bullish situation has already slowed down and the EMA 14 (red) is now between the EMA 34 (blue) and the EMA 100 (green). It indicates that EUR/JPY is now in the ranging situation.

RECOMMENDATION:   
Buy Stop (Pending Order) @ 130.01.
Take Profit @ 130.15.
Stop Loss @ 129.91
Alternative:
Sell stop (pending order) at 129.46.
Take profit at 129.35.
Stop loss at 129.56.

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USD/CAD technical analysis for July 9, 2013

Overview:
The resistance of the pair USD/CAD sets at the level of 1.0585, therefore the bears are going to sell below 1.0608 because there is a double top on the price 1.0608. It should also be noted that the resistance sets at the level of 1.0585, thus swing trade at 1.0608/1.0585 in order to sell with the target of 1.0480, it might resume to 1.0435. Additionally, the trend will call for a bearish market on the level of 1.0585, there is a bearish channel. It might be informing that the stop loss should never exceed your maximum exposure amounts. Hence, set a stop loss above 1.0640. However, the USD/CAD pair has still been trapped between 1.0375 (61.8% of Fibonacci retracement levels) and 1.0555 (100% of Fibonacci retracement levels). At the same time, the support sets at the level of 1.0400, then the bulls are going to buy above 1.0400 with the first target of 1.0483, it might resume to 1.0540.

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EUR/JPY technical analysis for July 11, 2013

EUR/JPY is now in a ranging situation between the 128.25-130.25; this situation was caused by yesterday's signal from Mr Bernanke for continuation of the U.S. economic stimulus until mid-2014; but when this stimulus will be stopped there's no clue, because they will not stop it until they get confirmation with all the economic data. This issue made the market confused, and this situation makes the market ranging, at least temporarily.

RECOMMENDATION:
Buy stop (pending order) at 130.26.
Take profit at 130.40.
Stop loss at 130.16.
Alternative:
Sell stop (pending order) at 129.99.
Take profit at 129.85.
Stop loss at 130.09.

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GBP/JPY: Upside (July 15,2013)

Overview:
GBP/JPY is trading in higher range. GBP/JPY is supported by positive investor risk sentiment; sell-yen orders from Japan importers. But GBP/JPY gains are tempered by buy-yen orders from Japan exporters. Daily chart is mixed as MACD is in bullish mode, but stochastics is neutral, five-day moving average is meandering sideways. 

Trading recommendation: 
The pair is trading above its pivot point. It is likely to trade in higher range as far as it remains above its pivot point. As far as the price is above its pivot point, trading in higher range is most favorable and buy position is recommended above its pivot with the first target at 150.65 and the second target at 151.15. You should keep in view short position below the pivot keep of the first target at 148.2, the breach of this target will move the pair downward further and expect the second target at 147.4. The pivot point stands at 148.85.     

Resistance levels:
R1 - 150.65
R2 - 151.15
R3 - 151.35

Support levels:
S1 - 148.2
S2 - 147.4
S3 - 147

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Silver targeting 21.00 for now

Technical outlook and chart setups:
There is no change in the direction that was discussed last week for the metal. It is trading sideways for now, but implications are ripe for an extended rally towards 21.00 level, possibly after dropping into 19.50/70 region first. It is recommended to remain long for now for the same reason. Fresh longs could be initiated into 19.50/70 region. Resistance is into the 22.50 region, while it is around 18.70/75 and lower towards 18.00 level. A push through 21.00 level would more or less confirm that a bottom is in place at 18.00 level. Looking higher for now.

Trading recommendations:
Remain long, stop is below 18.50, target is at 21.00 at least.

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USD/CHF technical analysis for July 19, 2013

Overview: 
USD/CHF's subsequent sharp fall suggests that a decline from 0.9560 had resumed to test 0.9483. Moreover, the pair has already formed a strong support at this psychological level of 0.9300. It should also be noted that the price has still been trapped between 0.9483 and 0.9400. Therefore, after it could not close below this psychological level and as the price has been set above it since a month, the market started showing bullish signs, so it is a good sign to buy above 0.9300 with the first target of 0.9415 and continue towards 0.9480. However, if the trend breaks this level and there will is closure below it (0.9560), it will be a downside momentum which is rather convincing and the structure of the fall is not corrective. Thus, the market will indicate a bearish opportunity below 0.9563, then this level will be become a resistance, for that it will be a good sign to sell below 0.9563 with a target at 0.9315.

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EUR/JPY technical analysis for July 23, 2013

The uptrend from the EUR/JPY pair is already slower. It is indicated by this currency already hit and breached bellow the EMA 100 (Green). It seems 132.00 is already a strong resistance for now. Please pay attention for 130.75 level, if this level can be breached down by this currency, this will indicate the reversal way from this currency.

RECOMMENDATION:
BUY Stop (Pending Order) is at 131.51.
Take Profit is at 131.65.
Stop Loss is at 131.41.

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Silver: 21.00 remains interim target for bulls

Technical outlook and chart setups:
The metal remains subdued/confined above 20.00 region for now. Minimum implications from here is that a retracement lower, before the rally resumes towards 21.00 level. Support levels are spread through 19.25 level, followed by 18.70/75 region lower; while resistance is in the 22.50 region ahead. It is recommended to remain long for now, or take profits for now and wait for a dip lower to enter again buying. Immediate support should be around the 19.50/60 region where trend line is also passing through. Looking lower for short term.

Trading recommendations:
Remain long for now, stop is at 18.70, and target is at 21.00.

More analysis - at instaforex.com