Intraday trading recommendations for EUR/JPY for September 15, 2014 Market Analysis Review

The pair successfully closed in the broken triangle, made a higher close. The pair opened today with a green tick, as of now, today it has been unable to breach the previous day's high. On the upside, the pair has a strong resistance zone between 139.18-139.25 levels. We recommend fresh buying only above these levels. In the near term, the upper end on the triangle is the major resistance. A breach above that, we can see a sharp run up towards 139.80-140 odd level. On the down side, it has support at 138.34 and 137.30.

For an intraday basis, the prices are closed above hourly key moving averages. The pair has support at 138.65, below this, 138.40, 138 and 137.70 levels.

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Intraday trading recommendations for Gold for September 15, 2014 Market Analysis Review

The yellow metal drifted to a 5-month low, trading near support zone. The metal lost its shine by rising expectations that the US Federal Reserve will raise the interest rates rather earlier than later. The metal has a minor support zone between $1,225 (80.0 fib level) and $1,217 levels. Currently in Pacific session, the metal is trading at $1,225.50 level near the support zone. We recommend fresh selling only below $1,225 or $1,217 (safe trades). Risky traders can buy using sl $1,217 at cmp $1,225.50 for an upside target at $1,231, $1,234, $1,237 and $1,240 levels. The metal has intraday resistance at $1,235, $1,239, $1,242 and $1,248. Strong up move we can see only above $1,248 on a weekly basis.

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Daily analysis of major pairs for September 15, 2014 Market Analysis Review

EUR/USD: This pair is still bearish in the long term, but bullish in the near term. The bulls have shown their determination to keep on making attempts for the price to go further upwards in spite of serious battering from the bears. A movement above the resistance line at 1.3050 would mean the end of the bullish outlook and the beginning of the bearish outlook. On the other hand, the price may become weak and go towards the support line at 1.2850. That is in the case when the bearish move is once again renewed.

USD/CHF: This currency trading instrument closed at 0.9332 (Friday, September 12, 2014); on a bullish note. There is an immediate support level at 0.9300, while the price is expected to go further north this week, testing the resistance level at 0.9400.

GBP/USD: Just like its EUR/USD counterpart, the cable is also showing some determination to go further upwards, although the long-term bias is bearish. Any movement above the distribution territory at 1.6300 would mean the beginning of a new bullish journey, but the price may fall back towards the accumulation territory at 1.6150.

USD/JPY: This pair is strong and it is now above the demand level at 107.00. The first target for this week would be reached at the supply level of 107.50.

EUR/JPY: The EUR/JPY pair continues to be strong as a result of the weakness in the yen and further bullish determination in the euro. The Bullish Confirmation Pattern in the market is very conspicuous and one supply zone after the other has been breached. Right now, the price is moving above the demand zone at 139.00, going towards the supply zone at 140.00. That is our target for this week.

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Technical analysis of USD/JPY for September 15, 2014 Market Analysis Review

In Asia, Japan will not release any economic data, and the US will release some economic data such as Empire State Manufacturing Index, Capacity Utilization Rate, Industrial Production m/m. So there is a big probability the USD/JPY will move with low volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 107.80.

Resistance. 2: 107.58.

Resistance. 1: 107.38.

Support. 1: 107.12.

Support. 2: 106.91.

Support. 3: 106.70. 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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Weekly forecast and intraday trading recommendations for GBP/USD for September 15, 2014 Market Analysis Review

The cable hit the 5-year breakout trend line in the previous week, but managed to close above that. The Pound has a support zone between 1.6050-1.6038 levels. The bulls managed to close above 200WEma 1.6209 in the previous week. The weekly support is at 1.6050 and the monthly support is at 1.60 (200WSMA). The short-term trend decider level is at 1.60, below this we can expect another steep fall immediately of 100-150 pips and later 300 pips, to 1.57 levels.

The cable has a resistance zone between 1.6280-1.6283 levels above it, it can fly up to 1.6431 (20Dsma). Until the pair closes above 1.6431 on a daily basis, selling on every rise will mint the money. This Thursday, Scottish referendum will put demand pressure for the pound towards a downside target. For this week, we recommend to sell below 1.62 or sellers can wait for a pullback and sell at higher levels.

Support 1.6232, 1.6198-1.6190, 1.6179

Sell below 1.6232

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Technical analysis of EUR/USD for September 15, 2014 Market Analysis Review

When the European market opens, some economic news will be released such as Trade Balance.The US will release its Empire State Manufacturing Index, Capacity Utilization Rate, and Industrial Production m/m. So amid the reports, EUR/USD will move low volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.3021.

Strong Resistance:1.3014.

Original Resistance: 1.3001.

Inner Sell Area: 1.2988.

Target Inner Area: 1.2958.

Inner Buy Area: 1.2928.

Original Support: 1.2915.

Strong Support: 1.2902.

Breakout SELL Level: 1.2895.

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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Short-term trend levels and an intraday recommendation of EUR/USD for September 15, 2014 Market Analysis Review

The key economic events will decide the pair's fortune this week. The Wednesday FOMC meeting will decide the pair's fortune. The Euro is trading at a 14-month low against the US dollar. The expectations of the US key interest rate hike supported the US dollar to fly higher. Last week, the pair managed to move up a bit to 1.2979 levels. Today the pair opened with a bearish note, opened higher at 1.2973 levels, until it breaches the high, sellers will mint the money. On the down side, the pair has a strong support zone between 1.2796-1.2746 levels.

Key support levels are 1.2764 (200MEma) and 1.2210 (200MSma)

The fresh sell-off will take place below 1.2750 towards 1.2660, 1.25 and 1.22 in the short term. The weekly key resistance is at 1.3020 and support is at 1.2840, below this, 1.2820, 1.2796 and 1.2750 levels.

Intraday cmp 1.2955

The pair has been facing strong resistance between 1.2978-1.2988, above it, descending trend line will act as a major resistance level (1.3020). The support levels are at 1.2943 (12EMA) and 1.29 (35DEMA). The selling pressure will pin below 1.29 and panic will create below 1.2859 towards 1.2840, 1.2820 and 1.2796, maybe even 1.2750 levels.

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Daily analysis of USDX for September 15, 2014 Market Analysis Review

Daily chart: The USDX continues to form a higher high pattern below the resistance level of 84.29, it is significant movements that alter the current bullish trend in this instrument. If the USDX manages to make a breakout at the level of 84.29, it would be expected to rise to the level of 85.18. The MACD indicator is entering overbought area.

H4 chart: The USDX continues to find resistance at the level of 84.47 and now, the USDX is trying to stay below the bullish trend line, so it is very likely that this instrument will fall to the level of 83.70 in the coming days. The MACD indicator is entering negative territory.

H1 chart: The USDX has made a pullback at the 84.37 level and now, the USDX is trying to make a breakout at the level of 84.18 with the formation of a bearish pattern. If it succeeds, it would be expected to fall to the support level of 84.03. However, it is likely the USDX will make a rebound at current levels. The MACD indicator remains in negative territory.

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 84.18, take profit is at 84.37, and stop loss is at 83.99.

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Daily analysis of GBP/USD for September 15, 2014 Market Analysis Review

Daily chart: The GBP/USD was able to consolidate above the support level of 1.6235, so this pair will now try to climb to the 1.6326 level to fill the bearish gap completely. It is very likely that the bullish retracement extends to the resistance level of 1.6540, where the 200-day moving average is. The MACD indicator remains in negative territory.

H4 chart: The GBP/USD is trying to form a bullish pattern above the 1.6247 level and now, this pair is moving in a range. If the GBP/USD manages to make a breakout at the level of 1.6300, it would be expected to rise to the level of 1.6435. On the other hand, if this pair makes a pullback at current levels, it would be expected to fall to the level of 1.6004. The MACD indicator is entering neutral territory.

H1 chart: This pair has succeeded in approaching the 200-day moving average, where the GBPUSD is trying to form a higher high pattern. If the GBP/USD manages to make a breakout at the resistance level of 1.6291, the next goal would be the level of 1.6338. For now, caution is advised when placing sell orders. The MACD indicator stays in positive territory.

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.6252, take profit is at 1.6216, and stop loss is at 1.6288.

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USDCAD Daily Analysis - September 15, 2014 Forex Analysis

USDCAD continued its upward movement from 1.0810, and the rise extended to as high as 1.1097. Further rise could be expected after a minor consolidation, and next target would be at 1.1200 area. Support is at 1.1030, as long as this level holds, the uptrend will continue.

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USDCHF Daily Analysis - September 15, 2014 Forex Analysis

USDCHF is in uptrend from 0.8997, the fall from 0.9395 is likely consolidation of the uptrend. Near term support is at 0.9314, as long as this level holds, the uptrend could be expected to resume, and next target would be at 0.9500 area. Key support is at the upward trend line on 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

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USDJPY Daily Analysis - September 15, 2014 Forex Analysis

USDJPY remains in uptrend from 101.50, and the rise extended to as high as 107.39. Further rise could be expected after a minor consolidation, and next target would be at 109.00 area. Support levels are at 106.85 and 106.30, only break below these levels could signal completion of the uptrend.

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AUDUSD Daily Analysis - September 15, 2014 Forex Analysis

AUDUSD continued its downward movement from 0.9401, and the fall extended to as low as 0,.8998. Further decline could be expected after a minor consolidation, and next target would be at 0.8800 area. Resistance levels are at 0.9060 and 0.9100, only break above these levels could signal completion of the downtrend.

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GBPUSD Daily Analysis - September 15, 2014 Forex Analysis

GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.7190 (Jul 15 high), the rise from 1.6051 is likely consolidation of the downtrend. Key resistance is located at the trend line, as long as the trend line resistance holds, the downtrend could be expected to resume, and another fall to 1.5800 area is still possible. Only a clear break above the trend line resistance could signal completion of the downtrend.

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EURUSD Daily Analysis - September 15, 2014 Forex Analysis

EURUSD remains in downtrend from 1.3411, the rise from 1.2859 is likely consolidation of the downtrend. Near term resistance is at 1.2987, as long as this level holds, the downtrend could be expected to resume, and another fall towards 1.2500 is still possible after consolidation. Key resistance is at the downward trend line on 4-hour chart, only a clear break above the trend line resistance will signal completion of the downtrend, then the pair will find resistance around 1.3100.

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