Daily analysis of GBP/JPY for January 27, 2014 Trend News

Overview

In the H4 chart, the pair reversed its downward move taking an upward move due to the strong Support level of 167.75. Today as shown in the H4 chart, the pair bounced from the Support area breaking the Resistance level of 168.50, and currently it is approaching the Resistance level of 169.50 trying to break it through to continue its bullish move which means more buy-signals keeping its movement inside the bullish channel. So we should wait till the price closes above the Resistance level of 169.50 before making the decision to have a bullish signals with the first target few pips below the next Resistance level of 170.00. But closing below the Resistance level of 168.50 cancels the bullish move scenario.

Resistance and Support levels: R3 (170.75), R2(170.00), R1(169.50), S1 (168.50), S2 (167.75), S3(167.10).

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Technical analysis of Silver for January 27, 2014. Trend News

Technical outlook and chart setups:

1. The metal is retracing towards $19.00/50.00 levels before resuming its next bull run. Recommendations are to remain flat for now and look to go long again at sub $19.00 levels.

2. Immediate resistance is above the $21.00 level, while supports are at $19.40/50, followed by $19.00/10, $18.75 and lower respectively.

3. The structure reveals that a meaningful bottom could be in place at sub $18.00/50 levels in December 2013. A dip towards $19.00/50 levels should complete the corrective phase and resume the next bull run towards $21.00/22.00 and higher.

Trading recommendations:

Remain flat for now, look to buy towards $19.00/50.00, stop is at $18.00, target is open.

Good luck!

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Technical analysis of USD/CAD for January 27, 2014 Trend News

General overview for 27/01/2014 07:30 CET

After making the top last week, the market is slowly developing a downside move with the target at the level of 1.1017. Break below the technical support level will expose the next weekly support at the level of 1.0942. From technical point of view there is one more shoulder missing to complete the price formation and then the neckline break might be expected. But currently, the market is at weekly pivot support at the level of 1.1056 and for the downside breakout to happen, the area between 1.1087 -1.1106 mustn't be violated. Otherwise, the recent swing high will be tested and might even be broken.

Support/Resistance:

1.1185 = WR1

1.1172 - Swing High

1.1089 - 1.1106 - Demand Breakthrough Zone

1.1056 - Weekly Pivot

1.1049 - Intraday Support

1.1017 - Techncial Support

1.0942 - WS1

1.0812 - WS2

Trading recommendations:

If intraday support at the level of 1.1049 is violated, then short positions should be opened with SL above the level of 1.1056 and TP at the level of 1.1017.

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Daily analysis of Silver for January 27, 2014 Trend News

Overview

In the today's H4 chart, the metal is trading between the Support level of 19.75 and below the Resistance level of 20.00 after its failure to break the Resistance level of 20.20 last week and the bounced from it to take a slightly downward move and currently is re-testing the Support level of 19.75. Presently, we suggest waiting for closing above the Resistance level of 20.00 in case of bouncing from the Support level to give us a new opportunity for more buy signals with the first target few pips below the Resistance level of 20.20, then after breaking this Resistance level silver would open the way towards the Resistance level 20.50, which means more bullish signals.

Resistance and support levels: R3 (20.50), R2 (20.20), R1 (20.00), S1 (19.75), S2 (19.50), S3 (19.15).

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Technical analysis of Gold for January 27, 2014. Trend News

Technical outlook and chart setups:

1. Gold has hit past our measured extension of $1,267.00/70.00 as seen here. At the moment it is trading at $1,270.00/71.00 after printing highs at $1,276.00 in the early hours today. Recommendations are to initiate short positions at current level, risk remains at $1,281.00/82.00.

2. Immediate resistance is now at $1,294.00 level, while supports are spread through $1,230.00/31.00, followed by $1,220.00 and lower respectively.

3. The structure indicates that a meaningful low is now in place at $1,182.00/80.00 levels on December 31, 2013. Expect a pullback towards the $1,215.00 region before the next bull run resumes.

Trading recommendations:

Sell at the current levels, stop is at $1,281.00/82.00, target is at $1,215.00.

Good luck!

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Technical analysis of EUR/JPY for January 27, 2014. Trend News

Technical outlook and chart setups:

1. The EUR/JPY drifts further low towards 140.00 region for now. It is indicating that the downfall could further extend to lower levels, but recommendations are to initiate short positions at 143.00/50 region.

2. Immediate resistance is at 143.00, followed by 145.50, while supports are spread through 139.20/30, followed by 131.00, 128.00 and lower.

3. The structure indicates that EUR/JPY could drift further low, and that a meaningful top is in place at 145.50. Resistance is at 143.00/50, the fibonacci 0.618 retracement level.

Trading recommendations:

Remain flat for now. Look to sell around 143.00/50, stop is at 145.50, target is open.

Good luck!

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Technical analysis of GBP/CHF for January 27, 2014 Trend News

Technical outlook and chart setups:

1. Finally, the GBP/CHF pair reverses from 1.5120/30, taking out the first measured support at 1.4700. It is recommended to hold on the short positions taken last week (Friday) for now. Furthermore, expect a rally towards 1.4900/50, before further downside. Risk on short positions for now is at 1.5150.

2. Immediate resistance is at 1.5120/30, while support is at 1.4550, followed by 1.4350 and 1.4050 respectively. Bears would want to target 1.4500/50 levels after pullback.

3. The structure reveals that a meaningful top could be in place at 1.5120/30 now. A resumption of bearish move is underway which leads to an extension of 1.4000 level.

Trading recommendations:

Remain short and sell rallies, stop is at 1.5150, target is at 1.4.

Good luck!

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Technical analysis of Dow for January 27, 2014 Trend News

Market sentiment was hit badly. There was a broad sell-off in financial markets. The equity market gave a sound rewards, traders willing to book profit and looking for safe place to park their money. In our couple of reports we alerted that 16,700 is the major resistance trend line, go short until the close above this level. Since December 2013, we have recommended selling, Dow obey us. Oscillators gave a negative indication in the daily charts.

Support: 15,800.

If prices close below this level, next great fall will taken place.

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Technical analysis of gold for January 27, 2014 Trend News

Gold made a surprising move towards the upside. In Thursday’s trade prices took the 21DEMA support at the level of $1,231. In the daily charts, prices gave a fresh breakout of the 6-month trading pattern. Oscillators are showing an extremely overbought position. Traders eye Wednesday’s Fed monthly meeting. The equity market tumbles on China fears. The People’s bank of China has halted bank cash transfers ahead of the upcoming New Year’s holiday sparked fears of a nation-wide liquid crunch. A large sell-off in the financial market makes optimism towards gold. Probably, asset shipment should happen. In our last week’s report we alerted about the asset shipment. Yellow metal trading near the crucial resistance level $1,294.

In the hourly chart, we observe negative divergence on RSI. We recommend selling on rallies, prices will come down until a break and close above the level of $1,294.

Support: $1,266, $1,261.

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Technical analysis of EUR/USD for January 27, 2014 Trend News

When the European market opens, some economic news will be released such as German Ifo Business Climate, German Buba Monthly Report.The US will release the most important economic data such as the US-Flash Services PMI, US-New Home Sales, so amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.3749.

Strong Resistance:1.3740.

Original Resistance: 1.3727.

Inner Sell Area: 1.3714.

Target Inner Area: 1.3681.

Inner Buy Area: 1.3648.

Original Support: 1.3635.

Strong Support: 1.3622.

Breakout SELL Level: 1.3613.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.3635 and 1.3727. The rate is accompanied by strong support at 1.3622 and by 1.3740 as strong resistance.

If EUR/USD breaks out and closes below the 1.3613 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3749 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 1.3648 and at 1.3714, a SELL position. In this case both targets should be placed at the level of 1.3681.

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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Daily analysis of USDX for January 27, 2014 Trend News

Daily chart: The USDX is very strong in the current bearish trend, so it is very likely that during this week, the USDX will start forming a bearish pattern. If the USDX manages to break the support level of 80.11, it's expected to fall to a level of 79.19 in the medium term. On the other hand, if the USDX manages to break the resistance at the level of 80.62, it is expected to rise to the level of 81.05, where the 200-day moving average is located. The MACD indicator is in negative territory.

H4 chart: The USDX has consolidated below the 200-day moving average, which would be a clear indication that the bearish trend is very strong in the USDX. If the USDX manages to break the support level of 80.40, it's expected to fall to the level of 80.25. On the other hand, we must be vigilant against any breakout of fractals near the level of 80.60, as this could be a change of trend. The MACD indicator is entering extreme oversold zone and continues into negative territory.

H1 chart: The USDX is maintained within the range between 80.59 and 80.35 levels. If the USDX makes a breakout at the level of 80.35, it's expected to fall to the level of 80.15 . However, we must be careful when placing buy orders as the USDX remains below the 200-day moving average, so our bearish outlook still remains alive. The MACD indicator is in positive territory and entering extremely overbought zone.

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USDX Index breaks with a bearish candlestick; the support level is at 80.35, take profit is at 80.15, and stop loss is at 80.55.

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Weekly technical levels of EUR/USD for January 27-31, 2014 Trend News

Weekly technical levels

Trading recommendations :

• According to the previous events, the price of the EUR/USD pair is still moving between the levels of 1.3740 and 1.3640. Moreover, it should be noted that the market was so stable and the trend was also too clear (upward), as well as the range was around 232 pips last week. Additionally, the value of 100% Fibonacci retracement levels is 1.3739 (double top). The key level of 1.3777 is presented for downtrend to confirm a bearish market and this level will act as a strong resistance because is coinciding with the weekly resistance 1. Therefore, sell deals are recommended below the 1.3777 level with targets at the level of 1.3642 in order to form a double bottom at this level, and it will resume towards 1.36 to try break the weekly pivot point to call for the bearish market below 1.3642 on January 27, 2014.

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Weekly technical levels of GBP/USD for January 27-31, 2014 Trend News

Weekly technical levels

Descriptions for the trading signal systems.

• The range in the long term means return strategy that looks to go against strong divergence from the pair’s average value. It will usually hold trades for a prolonged period of time and is one of the slower moving trading strategies. There is another range uses sentiment as a filter for its trades. It will use a simple oscillator range trading strategy but only take the trading signals if Fibonacci retracement levels are not at extremes because there a real relation between the Fibonacci and range that lies in: Fibonacci in a range trade is looks like the trend is trapped and going up and down, if you sell or buyin the long term, you will go sure for losing your profit. It is properly short-term in nature and will tend to trade very little during times of strong trending moves. It is also one of the most volatility sensitive trading systems and will tend to do rarely during times of sharp currency moves.

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Weekly technical levels of USD/CHF for January 27-31, 2014 Trend News

Weekly technical levels :

Forecast for the short term :

• According to the previous events, the price of USD/CHF pair has still been trapping between 0.9000 and 0.8845.


• Buy above 0.8845 with the first target of 0.8903, it might resume to 0.9 if the trend will be able to break the double bottom at the level of 0.8903.


• Stop loss should never exceed your maximum exposure amounts. therefore, stop loss should be placed below the 0.8823 level.

• If the trend is upward, then the strength of the currency pair will be defined as following: USD is in uptrend and CHF is in downtrend.


• Fibonacci retracement is used to determine accurate psychological levels of support and resistance. The period of time should be taken into account. Fibonacci is in a range trade; it looks like the trend is trapping and going up or down. If you sell or buy for a long term in this period, you will surely lose your profit.


• As a rule, the market is highly volatile if the last day had a huge volatility.

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Daily analysis of major pairs for January 27, 2014 Trend News

EUR/USD: This pair was able to shrug off further bearish threats on it, as it went into a positive correlation with the Cable. There is now a Bullish Confirmation Pattern in the chart, and the price would break the resistance line at 1.3700 this week, while going further towards the resistance line at 1.3750.

USD/CHF: This pair was able to shrug off further bullish attempts on it, as it went into a negative correlation with the EUR/USD. There is now a Bearish Confirmation Pattern in the chart, and the price would break the resistance line at 0.8900 this week, while going further towards the resistance line at 0.8850.

GBP/USD: The Cable topped 1.6650 and later plummeted by about 160 pips. The RSI has crossed the level 50 to the downside, but the EMAs are yet to validate that. Only a movement below the accumulation territory of 1.6400 would render the current bullish bias invalid. Without that, it is believed that the price could rise from here.

USD/JPY: Caution had always been expressed about the limitation of the recent bullish signal in this market. Things have now suddenly gone bearish, and the indicators in the chart have confirmed this. From the supply level at 104.50, the price dropped by more than 200 pips; and it may continue going down this week.

EUR/JPY: Last week was very interesting in the markets because there were significant reversals. For example, the EUR/JPY, which has long been in an equilibrium zone, was able to break out in the direction of the bears. The new biases would continue to be valid for this week.

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Weekly technical levels of NZD/USD for January 27-31, 2014 Trend News

Weekly technical levels :

Idea about resistance and support :

• R3 and S3 are considered to be clear indicators of the maximum range of extreme volatility, though it is possible to pass them through. Pivot lines work well on the sideways markets as prices are most likely to be located between the R1 and S1 lines. Within a strong trend, the price is expected to be lower than the pivot point line and continue moving. If the breaking news released may affect the market, the price is likely to go straight through R1 or S1 and even reach R2 and R3 or S2 and S3.

Observations :

• If the trend is upward, then the strength of the currency pair will be defined as following: NZD is in uptrend and USD is in downtrend.


• Fibonacci retracement is used to determine accurate psychological levels of support and resistance. The period of time should be taken into account. Fibonacci is in a trading range; it looks like the trend is trapped and going up and down. If you sell or buy in the long term in this period, you will surely lose your profit.


• Stop loss should never exceed your maximum exposure amounts.


• As a rule, the market is highly volatile if the last day had a huge volatility.

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