Weekly forecast and an intraday analysis of USD/CAD for September 22-26, 2014 Market Analysis Review

The pair managed to close above 200WEma the previous week. The pair tested its fate for many times during the past few years. Whenever the pair tried to close above that, it was rejected with sell-offs from there. This time, the pair successfully closed above that, indicating further bullish mode in the future. Today the pair opened below the previous week close and is trading below 200WEma, indicating some weakness. The pair is trading at 0.9387 levels in the Asia's session. On the down side, the pair has support at 0.9332 and 0.93-0.9290 levels. A daily close below 0.9290 only, the weekly trend turns to negative. In the daily chart, the Stochastics indicates a buy mode. The safe buying will be triggered only above 0.9413 levels.

Support 0.9332, 0.9290, 0.9250

Resistance 0.9413, 0.9456, 0.9535

For an intraday view, the pair is trading below 35DEMA but holding at the 12ema support level of 0.9379, below this, it has support at 0.9368 and 0.9360. We recommend safe selling below 0.9360.

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Weekly forecast and an intraday analysis of EUR/USD for September 22-26, 2014 Market Analysis Review

The pair is trading at a short-term trend decider level at 1.2760 (200MEma), the pair made a low at 1.2827 this month, as of now. The support zone is between 1.2760-1.2745 levels. If these levels are breached, it can extend its fall to 1.2660, 1.25, 1.2432, and 1.22. A monthly close below 1.2750 on the downside, 1.22 is an open target in the short term. On the other hand, if the US dollar manages to breach the 85 mark and holds above it, the Euro will continue to weaken further 300-500 pips down. For the weekly perspective, 1.30 (20Dsma) is acting as strong resistance. A daily close above 1.30 only, the weekly trend turns positive, until it, sell on every up move.

Support 1.2745 1.2660 1.25

Resistance 1.30 1.3160 1.3240

For an intraday view, the pair is trading at 1.2835, the hourly momentum oscillators are indicating some pullback, hope it can move up to 35DEMA (1.2870) and 12ema (1.2875). The US dollar is expected to be taken back from the higher levels because of the 85 resistance mark. Those who like to buy this pair can buy only above 1.2875 for an immediate target at 1.29 and 1.2920.

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Technical analysis of EUR/USD for September 22, 2014 Market Analysis Review

When the European market opens, some economic news will be released such as German Buba Monthly Report, Consumer Confidence. The US will release economic data such as the Existing Home Sales, so amid the reports, EUR/USD will move with low volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.2903.

Strong Resistance:1.2896.

Original Resistance: 1.2883.

Inner Sell Area: 1.2870.

Target Inner Area: 1.2840.

Inner Buy Area: 1.2810.

Original Support: 1.2797.

Strong Support: 1.2784.

Breakout SELL Level: 1.2777.

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 September 22, 2014 Market Analysis Review

In Asia, Japan will not release any economic news but the US will release economic data such as Existing Home Sales. So there is a big probability the USD/JPY will move with low volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 109.57.

Resistance. 2: 109.36.

Resistance. 1: 109.14.

Support. 1: 108.88.

Support. 2: 108.67.

Support. 3: 108.45 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 an intraday analysis of EUR/JPY for September 22-26, 2014 Market Analysis Review

The pair managed to close above the descending trend line and the top of the triangle. The pair has support at 139.50, 139.10 (50Wsma) and 138.15 (20Wsma). The pair has strong resistance at 140.90, 141.20 and 141.90 levels. The pair today gave a strong opening and opened above the previous week's close. The weekly RSI and Stochastics are indicating a bullish sign. In the early Pacific session, the pair made a low at 139.75 and held the support at 200DSma. The upper end of the triangle, providing enough support to the pair. The main concern part is the daily Stochastics indicating a negative divergence. A daily close below the upper end of the triangle rises bearish thoughts again on a weekly basis. The Thursday and Friday closing patterns indicate the nearest top is placed at 140.46, safe fresh buying only for a target at 141.80.

Support 139.10, 138.45, 138.15.

For an intraday view, the prices are trading above 12ema and 34hrsma. The pair has resistance at 140.25 35DEMA, above this, 140.33, 140.45, 140.65 and 141 are possible. Strong up move will be triggered only above 141 levels. The pair looks weak only below 139.35 (35hrsma), sellers can look for a downside target at 139.18, 138.46 levels. In the h4 chart, RSI and Stochastics are indicating a buy signal at the current market price.

Sell only below 139.35, risky traders can sell at cmp.

NOTE- If the USD index breaks above 85, JPY will continue to weaken. Please keep an eye on USD.

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Short-term trend levels and an intraday recommendation for Gold for September 22, 2014 Market Analysis Review

The yellow metal drifted to $1,213 levels in Friday's session, but managed to close above $1,215 levels. The strong US dollar puts pressure on the metal. Now the metal is trading at $1,215.70, it made a low at $1,214.50. The metal has support at $1,212 (200MEma) and $1,185 (200MSma). The short- and medium-term trend setup at these levels; in case of a daily and weekly close below $1,212, the metal will drift towards $1,185, $1,150 and may be even lower to $1,120 levels. Twice these levels pushed the metal from the lower levels. In June 2013 the metal made a low at $1,180, hit the 200MEma, but 200MSma helped the metal to push higher levels and in December 2013 the situation repeated. Currently the metal testing its fortune at the same support zones again. If this time the metal holds the support, it will give a good rally again, but the chances are very remote. We can still see the bear image in the metal chart.

Support $1,212, $1,185-$1,180, $1,120

Resistance $1,228, $1,242, $1,254

For an intraday session, the metal will face strong selling pressure if it stays below $1,215 and another free fall to $1,212 levels. Even though the metal made a low at $1,214.50 today in the pacific session and $1,213.40 in Friday's deals, but it remained above $1,215 levels. We recommend a safe selling below $1,212 or wait for a minor pullback to sell. The metal has resistance at $1,219 and $1,229 levels. Safe buying will be triggered only above $1,229 towards $1,238-$1,241.50.

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Daily analysis of USDX for September 22, 2014 Market Analysis Review

Daily chart: The USDX is trying to form a bullish pattern above the support level of 84.29, by what the next objective for this instrument would be the resistance level of 85.18. If the USDX manages to make a breakout at that level, it would be expected to rise to the level of 86.20 in the medium term which would prolong the bullish trend in the USDX for several days more. The MACD indicator is entering neutral territory.

H4 chart: The USDX has made a rebound on the bullish trend line that is near the level of 84.45, and now, the USDX is trying to climb back up to the resistance level of 85.06. If the USDX manages to establish itself above that level, it would be expected to rise to the level of 85.95 for this week. However, the USDX could make a pulback at current levels and fall to the level of 84.50. The MACD indicator stays in positive territory.

H1 chart: The USDX is forming a higher high pattern above the support level of 84.60. If the USDX manages to make a breakout at the resistance level of 84.81, the next serious objective level will be 85.03 in the short term. However, if the USDX does a pullback at current levels, it would be expected to fall to the support level of 84.60. The MACD indicator is entering overbought zone.

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 84.81, take profit is at 85.03, and stop loss is at 84.59.

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Daily analysis of GBP/USD for September 22, 2014 Market Analysis Review

Daily chart: The GBP/USD has made a pullback at the resistance level of 1.6540, where the 200-day moving average is, so this pair is trying to form a bullish pattern above the support level of 1.6235. If GBP/USD manages to make a breakout at the resistance level of 1.6326, it's expected to rise to the level of 1.6447. The MACD indicator stays in positive territory.

H4 chart: The GBP/USD held a pullback at the 200-day moving average, so now, this pair is trying to make a breakout at the support level of 1.6247. If it does, it's expected to fall to the level of 1.605, what would be a bearish consolidation in this chart. On the other hand, if the GBP/USD makes a rebound on the support level of 1.6247, it's expected to rise to the level of 1.6435. The MACD indicator remains in negative territory.

H1 chart: The GBP/USD is trying to consolidate below the 200-day moving average and the support level of 1.6291, to fall up to 1.6252 level. If the GBP/USD manages to make a rebound at current levels it would be expected to rise up to the resistance level of 1.6338, where this pair would have to make a breakout to the 1.6375 level. The MACD indicator remains 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 is at 1.6507, take profit is at 1.6544, and stop loss is at 1.6470.

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USDCAD Daily Analysis - September 22, 2014 Forex Analysis

USDCAD's fall from 1.1098 extended to as low as 1.0886. Deeper decline is still possible, and the target would be at 1.0860 area. Resistance is at 1.1025, a break of this level will indicate that the downward movement from 1.1098 had completed, then another rise towards 1.1200 could be seen.

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USDCHF Daily Analysis - September 22, 2014 Forex Analysis

USDCHF moved sideways in a range between 0.9300 and 0.9432. As long as 0.9300 key support holds, the price action in the range could be treated as consolidation of the uptrend from 0.8997, another rise to 0.9600 area is still possible after consolidation. Only break below 0.9300 support could signal completion of the uptrend.

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USDJPY Daily Analysis - September 22, 2014 Forex Analysis

USDJPY remains in uptrend from 101.50, the fall from 109.45 is likely consolidation of the uptrend. Support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 110.00 area. Only a clear break below the trend line support will indicate that the uptrend had completed at 109.45 already, then deeper decline to 106.50 area could be seen.

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AUDUSD Daily Analysis - September 22, 2014 Forex Analysis

AUDUSD's downward movement from 0.9401 extended to as low as 0.8920. Further decline could be expected after a minor consolidation, and next target would be at 0.8700 area. Near term resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend will continue.

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GBPUSD Daily Analysis - September 22, 2014 Forex Analysis

GBPUSD is now in uptrend from 1.6051, the fall from 1.6524 is likely consolidation of the uptrend. Support is located at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.6700 area. On the downside, a clear break below the trend line support will signal completion of the uptrend, then deeper decline to 1.6100 area could be seen.

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EURUSD Daily Analysis - September 22, 2014 Forex Analysis

EURUSD remains in downtrend from 1.3411, and the fall extended to as low as 1.2826. Near term resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.2600 area. Key resistance is at 1.2994, only break above this level will signal completion of the downtrend.

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