Daily analysis of USDX for January 20, 2014 Trend News

Daily chart: The USDX is consolidating above the 200-day moving average, so it is very likely that the bullish trend is extended by a few more weeks in the USDX, but we must bear in mind that the USDX could find resistance at current levels, as the USDX formed a fractal last week at this level. However, the bullish trend is strong and this still shows no signs of a change in trend. USDX next target resistance may be at the level of 81.50. The MACD indicator is still in positive territory.

H4 chart: The USDX is forming a bullish pattern above the support level of 81.19. If the USDX managed to break the resistance at the level of 81.29, it is expected to rise to the level of 81.48. Furthermore, if the USDX does break the support level of 81.19, it's expected to fall to the level of 80.99. The USDX remains above the 200 SMA and MACD is in positive territory.

H1 chart: The nearest point of control is being formed in the resistance level of 81.40, so it is expected that this level will remain very strong. However, if the USDX manages to break the level of 81.40, it is expected to rise to the level of 81.58. On the other hand, if the USDX manages to break the support level of 81.09, it's expected to fall to the level of 80.93, which could jeopardize the current bullish trend. The MACD indicator is in extreme overbought zone and entering negative territory.

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USDX Index breaks with a bullish candlestick; the resistance level is at 81.40, take profit is at 81.58, and stop loss is at 81.22.

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Daily analysis of GBP/USD for January 20, 2014 Trend News

Daily chart: This pair has found resistance at the level of 1.6447, but the bearish trend in the medium term is still maintained, as this pair hasn't formed patterns that may indicate a change in trend. However, the trend may change if the pair manages to break the resistance level of 1.6447. Moreover, if this pair does consolidate below the level of 1.6326, it's expected to fall to the level of 1.6235. The MACD indicator is still in negative territory.

H4 chart: The GBP/USD has found strong resistance near the level of 1.6441, where it has formed a fractal, so it is very likely that this pair fall back to the 200-day moving average. However, the support level of 1.6336 is quite strong, so we must be cautious of false breakouts at that level. For now, we recommend caution, because the trend has not yet been clearly defined. The MACD indicator is entering extremely overbought zone.

H1 chart: The GBPUSD remains above the 200 SMA and remember that this pair found resistance near the point of control last week at the level of 1.6440. If this pair manages to break the resistance level of 1.6419, which is expected to rise to the level of 1.6464. The MACD indicator is still in negative territory.

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.6419, take profit is at 1.6464, and stop loss is at 1.6375.

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Technical analysis of Crude for January 20.01 Trend News

The recovery of the US economy makes the crude prices fly high. The US housing data was better than expected. This shows the health of the US economy. Oil prices are in a deep correction from August 2013 after making a high at the level of $112. Prices rebounded from the lower level of $91 due to oversold indication by RSI. Prices faced resistance at the level of 95 and looking downwards. This is just starting of the bear market. In our last report we recommended to sell for the targets $85, $77. We still stick with this targets in coming days.

Recommendation- Sell with sl at 96 for the targets of $91, $88, $86.

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Technical analysis of Dow for January 20.01 Trend News

Dow gave a strong rally from October 2012. Now it is trading at a strong resistance trend line. We recommended to sell in our last couple of reports, where 16,700 were acting as a strong resistance. Dow closed above 16,700 and created a new trend setter targets.

Support- 16,346 16,190

Resistance- 16,562 16,700

Recommendation- Dow makes a base at the level of 16,370. Use this as a sl for the targets 16,560 and 16,700.

16,562-16,240 = 322

322+16,376 = 16,698 target

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Technical analysis of gold for January 20, 2014 Trend News

Gold ended the week on a high note close above the 4 weeks high. Gold prices trading near major crucial juncture either break down or short term breakout rally towards up. This new year, gold started its run on a bullish note in a bear market, framed a classic bottom and fitted with higher low on the last trading day in the year of 2013. The 20 week average at the level $1,288 remians the only hurdle for a bigger shorter-term move up. A strong reversal in gold means near-term headwinds for the US equities as money has moved out of gold and bonds into equities. Last week, we alert the occurring of asset shipment. We need to wait some days for further clarification probably this week clear formation will take place on the daily charts of gold.

In the Asia's trading session, gold trading at the level of $1,258, just now 2 minutes back, gold opens trading for this week/day. Today, it seems an upswing with strong support at the level of $1,252.

Support 1,252, 1,247, 1,244.

In the weekly charts, trading pattern in a buy with a positive divergence. We could expect some more up room in the short term.

In the daily charts we can observe that prices are going up with decrease in the volume, which not a good sign for the break out action. Strong resistance at the level of $1,268. Close above that another $20 up move will intact.

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Technical analysis of EUR/USD for January 20, 2014 Trend News

When the European market opens, some economic news will be released such as German PPI m/m, German Buba Monthly Report.The US will not release any economic data because of the Bank Holiday, so amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.3579.

Strong Resistance:1.3571.

Original Resistance: 1.3558.

Inner Sell Area: 1.3545.

Target Inner Area: 1.3513.

Inner Buy Area: 1.3481.

Original Support: 1.3468.

Strong Support: 1.3455.

Breakout SELL Level: 1.3447.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.3468 and 1.3558. The rate is accompanied by strong support at 1.3455 and by 1.3571 as strong resistance.

If EUR/USD breaks out and closes below the 1.3447 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3579 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 1.3481 and at 1.3545, a SELL position. In this case both targets should be placed at the level of 1.3513.

Disclaimer:

Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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Technical analysis of USD/JPY for January 20, 2014 Trend News

In Asia, Japan will release theRevised Industrial Production m/mand the US will not release any economic data because of the Bank Holiday. So there is a big probability that the USD/JPY will move with low volatility during this day.

TODAY's TECHNICAL LEVELS:

Resistance. 3 : 104.54.

Resistance. 2 : 104.34.

Resistance. 1 : 104.13.

Support. 1 : 103.88.

Support. 2 : 103.68.

Support. 3 : 103.47.

DESCRIPTION:

Please, pay attention to the levels of support 3 (103.47) and resistance 3 (104;54). Normally, 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.

Disclaimer:

Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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Crude oil: Mathematical analysis with Murray lines for January 20, 2013 Trend News

Daily chart

Crude Oil ended last week with a Doji of indecision and formed a new maximum although not very far from the previous one. Although it is located in a area of purchase and has been traded at the 4/8 line (blue line) and on its pivot weekly that is located at 93.48 , in case of a return to enter below 93.75 and closed the day with a bearish candle, we could be at the end of a setback that would bring prices back towards the low. It will be necessary to wait for the close of this day in order to have a clearer vision.

4-hour chart

As we mentioned last week, crude oil is inside of a box of price, which after the last Friday's maximum widened slightly. At the time of drilling the price in any of its ends we will have the address that the CL will take in the following days. Due to the fact that at this moment the price is in the lower limit of the price of housing, eventually we could buy with a moderate irrigation of about 40 pips for a minimum gain of about 80 or 100 pips.

1-hour chart

The price is at the bottom line of its upward trend channel, which is also a point in our favor if we walked into the buying market. On the other hand, both the line 4/8 and the moving average of 200 constitute a support to the CL will have to violate in the event of break housing prices that we mentioned in the above chart. Therefore, if we want to take advantage of these slight movements of the crude oil for today, we must take into account the factors mentioned above.

If you have any questions or suggestions, please contact me right through: Email:antonio.inga@analytics.instaforex.com
DISCLAIMER No information published constitutes a solicitation, offer, or recommendation, to buy or sell any investment instrument, to effect any transactions, or to conclude any legal act, whatever its nature. The information published and opinions expressed are provided on an only for information only and is subject to change without notice, delimiting the company responsibility for decisions originating from the same, and they cause any kind of profit, loss or damage.



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Technical analysis of Silver for January 20, 2014. Trend News

Technical outlook and chart setups:

1. Silver has taken out the $20.50 resistance last week. At the moment, it is recommended to book profits on long positions taken earlier and to wait for a dip to re-enter buying.

2. Resistance is at $20.50, while support is at $19.40/50, followed by $18.75 and lower respectively.

3. Structure reveals that Silver could retrace lower towards the $19.40/50 levels before rallying further. Also the backside of the downtrend line is passing through the same level, which is support now.

Trading recommendations:

Look to buy around the $19.40/50 region.

Good luck!

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Technical analysis of Gold for January 20, 2014. Trend News

Technical outlook and chart setups:

1. Gold rallies quickly into resistance at $1,260.00 in early trade today. Minimum measured level here is the $1,267.00/70.00 region. It is recommended to remain flat till then and plan to initiate short positions.

2. Resistance for now is at $1,267.00/70.00, followed by $1,295.00, while support is at $1,240.00, followed by $1,220.00 and lower respectively.

3. Structure reveals that Gold might have entered into a long term bull run. A break of $1,267.00 resistance would be an enough proof of it. Buy on dips thereafter.

Trading recommendations:

Flat for now. Looking to sell at $1,267.00.

Good luck!

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Technical analysis of EUR/JPY for January 20, 2014. Trend News

Technical outlook and chart setups:

1. The currency pair has formed a lower low at 140.30/40 in early trade today. Still implications are for a counter trend rally to take shape towards 1430.00/50 levels before further decline. It is recommended to go short around this region.

2. Resistance is at 143.00, followed by 145.50, while support is spread through 138.50, followed by 134.00 respectively.

3. The structure reveals that a major top could be in place at 145.50 now. Rallies should be sold at the 143.00/50 levels.

Trading recommendations:

Remain flat for now. Sell on rallies through the 143.00/50 region.

Good luck!

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Technical analysis of GBP/CHF for January 20, 2014 Trend News

Technical outlook and chart setups:

1. The currency pair is just shy of 1.5020 as seen here. Also please note that the back side of the trend line is being tested as well. It is recommended to hold short positions for now with risk at 1.5020.

2. Resistance is fixed at the 1.5020 level, while support is spread through 1.4720/30 (intermediary), followed by 1.4550, and 1.4350 respectively.

3. The structure reveals that prices are probing resistance before finally giving into bearish swing. If not lower, prices are expected to reach at least 1.4800/20. A break of this level would prove further bearish and extend towards 1.4550.

Trading recommendations:

Hold short positions and add further, stop is at 1.5030, target is open.

Good luck!

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Mathematical analysis with Murray lines of USD/CHF for January 20, 2014 Trend News

Daily chart

The USD/CHF after it closed with a clear sailing bullish last Friday, it is more likely that this new week it begins with the upward trend.

First, after its final upward momentum, closing above the 5/8 line (green line) which is, as we know the top line of its trading range after having a double support at the lines of 3/8 and 4/8.

However, the price break should clear the area of resistance that is demarcated with the red line, so that we can enter with buying positions above this.

4-hour chart

In the figure of 4 hours we can also observe that at 0.9129 there is the first top line of the band of quotation. In turn, this line is found within the area of the 3/8 line (green line). Therefore, both are converted to a double resistance that the USD/CHF you'll have to break decisively in order to continue moving up in the next few days. However, before doing so, prices probably suffer a reverse in order to have a greater upward momentum.

1-hour chart

In the 1 hour chart of the price of the USD/CHF is in this time by tapping the limit of the line 6/8 (red line) which is a major line of reversion. Therefore, more likely it is to expect a slight setback on the price in order to continue with their upward momentum. In case of close at least a full sailing above 0.9125, we would be faced with a possible extension of the price up to 0.9155 before having a setback.

If you have any questions or suggestions, please contact:

Email:antonio.inga@analytics.instaforex.com

DISCLAIMER

No information published constitutes a solicitation, offer, or recommendation, to buy or sell any investment instrument, to effect any transactions, or to conclude any legal act, whatever its nature.

The information published and opinions expressed are provided on an only for information only and is subject to change without notice, delimiting the company responsibility for decisions originating from the same, and they cause any kind of profit, loss or damage.

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



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