Technical analysis and trading recommendation for EUR/USD for March 31, 2015 Market Analysis Review

German CPI: the inflation rate in Germany is expected to be 0.3% in March 2015. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that the consumer prices are expected to increase by 0.5% on February 2015.

Spanish flash CPI: according to the flash estimate published by the INE, the annual inflation is 0.7% in March 2015. This indicator provides a preview of the CPI that would imply an increase of four-tenths in its annual rate. In February it changed by 1%. This increase is mainly explained by the increase in fuel prices (gas and diesel oil).

Upcoming events: Macro calendar offered a data-heavy day in the eurozone and European countries. Today, traders eye on German retail sales, unemployment change, French consumer spending, Italian unemployment change, CPI flash estimates, core CPI flash estimates, and unemployment rate. It's a big data for the euro. We are expecting another positive data from German and French.

Technical view: The US data dominated at yesterday's session. USD rebounds from the lower levels, pressured on its peers. The euro fell against USD at yesterday's session but managed to hold at 20Dsma. Parallel support is found at 1.0800 below this, 1.0768 will be crucial. In case the price closes below 1.0768, we can expect 150 more pips on the down side. The selling pressure is likely to be applied below 1.0800 and strong selling pressure will attack below 1.0768 with targets at 1.0700, 1.0650, and 1.0620. In the hourly chart, we can observe lower lows and lower highs formation. We have been advising the near term trend was going to be capped. Intraday resistance exists at 1.0860 and weekly resistance is seen at 1.0950. We recommend fresh selling below 1.0800. Intraday support is found at 1.0820 and 1.0800, last hope is at 1.0768. In case US consumer confidence does not meet the expectations, then we can see some bump up in the price. We recommend buying above 1.0860 with targets at 1.0900 and 1.0950.

Trade: selling below 1.0800, panic below 1.0760.

Buying above 1.0860, strong upswing likely above 1.0950

Key technical levels of the euro against USD/JPY/CAD/GBP, and AUD :

EUR/USD-Weekly mode favors SELLING with sl 1.0950

EUR/JPY- Weekly mode favors turned to selling with sl 130.50

EUR/CAD- Weekly mode favors turned to buying with sl 1.3680

EUR/GBP. Weekly mode still favors buying, but struggling at 50Dsma

EUR/AUD. buying with sl 1.3940 with target at 1.4150, initiated at 1.3850.Target completed high made 1.4186. Use another dip to buy at 1.4080

We will re-analyze if the weekly trend changes.

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Technical analysis of EUR/USD for March 31, 2015 Market Analysis Review

When the European market opens, some economic data on the Italian Prelim CPI m/m, Unemployment Rate, Core CPI Flash Estimate y/y, and CPI Flash will be released.The US is likely to log economic data about the CB Consumer Confidence, Chicago PMI, and S&P/CS Composite-20 HPI y/y. So, EUR/USD is expected to move low to medium volatility during this day amid the reports.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.0880.

Strong Resistance:1.0874.

Original Resistance: 1.0863.

Inner Sell Area: 1.0852.

Target Inner Area: 1.0827.

Inner Buy Area: 1.0802.

Original Support: 1.0791.

Strong Support: 1.0780.

Breakout SELL Level: 1.0774.

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 March 31, 2015 Market Analysis Review

In Asia, Japan is going to release data on the Housing Starts y/y and Average Cash Earnings y/y.US is expected to publish economic data about CB Consumer Confidence, Chicago PMI, and S&P/CS Composite-20 HPI y/y. So, there is a strong probabilitythat the USD/JPY pair will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 120.34.

Resistance. 2: 120.60.

Resistance. 1: 120.37.

Support. 1: 120.07.

Support. 2: 119.84.

Support. 3: 119.60.

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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USDCAD Daily Analysis - March 31, 2015 Forex Analysis

USDCAD is in uptrend from 1.2410. Further rise to test 1.2835 resistance would likely be seen, a break of this level will signal resumption of the long term uptrend from 1.0619 (Jul 3, 2014 low). Support levels are at 1.2575 and 1.2410, only break below these levels could bring price back to 1.2200 zone.

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USDJPY Daily Analysis - March 31, 2015 Forex Analysis

USDJPY's bounce from 118.33 extended to as high as 120.36. Near term resistance is at 120.50, a break of this level will indicate that the downtrend from 122.02 had completed at 118.33 already, then the following upward movement could bring price to 125.00 area.

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AUDUSD Daily Analysis - March 31, 2015 Forex Analysis

AUDUSD's downward movement from 0.7938 extended to as low as 0.7632. Further decline to test 0.7560 support would likely be seen, a breakdown below this level could signal resumption of the long term downtrend from 0.9504 (Jul 1, 2014 high).

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GBPUSD Daily Analysis - March 31, 2015 Forex Analysis

GBPUSD remains in uptrend from 1.4634. Further rise to 1.5350 area to complete the upward movement would likely be seen. Resistance is at 1.5000, a break of this level could signal resumption of the uptrend. Key support is at 1.4634, only break below this level could trigger another fall towards 1.4000.

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EURUSD Daily Analysis - March 31, 2015 Forex Analysis

EURUSD is in short term downtrend from 1.1052. Deeper decline to test 1.0462 support would likely be seen, a breakdown below this level will signal resumption of the long term downtrend from 1.3993 (May 8, 2014 high). Resistance is at 1.1052, only break above this level could trigger another rise to 1.1300 area.

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Technical analysis of USD/JPY for March 30, 2015 Market Analysis Review

Fundamental Outlook:
USD/JPY is expected to range-trade. It is undermined by the softer dollar sentiment and lower US Treasury yields (10-year at 1.948% versus 2.009% late Thursday) after a weaker-than-expected third estimate of the US Q4 GDP annual growth rate of +2.2% (versus forecast +2.4%). USD/JPY is also weighed by the Japanese exports. The USD sentiment is soothed by the stronger-than-expected US March UoM final consumer sentiment index of 93.0 (versus forecast 92.0). The USD/JPY downside is also limited by the diminished investor risk aversion (VIX fear gauge eased 4.62% to 15.07; S&P 500 closed up 0.24% at 2,061.02 Friday), demand from Japan's importers, and the ultra-loose Bank of Japan's monetary policy.

Technical comment:
The daily chart is mixed as the MACD is bearish, five-day moving average is below 15-day moving average and is declining. Stochastics is turned bullish at oversold levels.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As long as the price is keeping above its pivot point, a long position is recommended with the first target at 120.30 and the second target at 120.55. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 118.85. A break of this target would push the pair further downwards, and one may expect the second target at 118.30. The pivot point is at 119.25.

Resistance levels:

120.30

120.55

120.85

Support levels:

118.85

118.30

117.85

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Technical analysis of USD/CHF for March 30, 2015 Market Analysis Review

Fundamental overview:
USD/CHF is expected to range-trade. It is undermined by the softer dollar sentiment and lower US Treasury yields (10-year at 1.948% versus 2.009% late Thursday) after a weaker-than-expected third estimate of the US GDP Q4 annual growth rate of +2.2% (versus forecast +2.4%). The USD/CHF downside is limited by the negative Swiss interest rates and the threat of the Swiss National Bank to carry out CHF-selling intervention.

Technical comment:
The daily chart is mixed as the MACD is bearish, but stochastics is turned bullish at oversold levels.

Trading recommendations:

The pair is trading above its pivot point. It is likely to be trading in a higher range as far as it remains above its pivot point. As long as the price holds above its pivot point, a long position is recommended with the first target at 0.9720 and the second target at 0.7765. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 0.7525. A break of this target would push the pair further downwards, and one may expect the second target at 0.7485. The pivot point is at 0.7570.

Resistance levels:

0.9720

0.9760

0.9820

Support levels:

0.9525

0.9485

0.9425

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Technical analysis of NZD/USD for March 30, 2015 Market Analysis Review

Fundamental overview:
NZD/USD is expected to trade in a lower range. It is undermined by the weak commodity prices (CRB spot index closed down 1.97% at 215.16 Friday), kiwi sales on the buoyant EUR/NZD, GBP/NZD crosses. The NZD/USD losses are tempered by the softer dollar sentiment, receding investor risk aversion, and kiwi demand on the soft AUD/NZD cross.

Technical comment:

The daily chart is mixed as the MACD is bullish, but stochastics is bearish at overbought levels.

Trading recommendations:
The pair is trading below its pivot point. It is likely to trade in a lower range as far as it remains below the pivot point. Short positions are recommended with the first target at 0.7455. A break of that target will move the pair further downwards to 0.7370. The pivot point stands at 0.7600. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, a long position is recommended with the first target at 0.7675 and the second target at 0.7750.

Resistance levels:

0.7675

0.7750

0.78

Support levels:

0.7455

0.7370

0.7340

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Technical analysis of GBP/JPY for March 30, 2015 Market Analysis Review

Fundamental overview:
GBP/JPY is expected to consolidate with bullish bias. The cross is supported by the diminished investor risk aversion and demand from Japan's importers. The GBP/JPY upside is limited by the Japanese exports. The sterling sentiment is boosted after Bank of England's Broadbent said that the chances of a deflation in the UK are slim, while Bank of England Governor Carney said the "central view" of the Monetary Policy Committee is that the next move in the interest rates is going to be a hike.

Technical comment:

The daily chart is mixed as the MACD is bullish, but stochastics is neutral.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As long as the price is keeping above its pivot point, a long position is recommended with the first target at 178.30 and the second target at 178.90. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 176. A break of this target would push the pair further downwards, and one may expect the second target at 175.45. The pivot point is at 176.55.

Resistance levels:

178.30

179.30

178.65

Support levels:
176

175.45

175

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GBP/USD intraday technical levels and trading recommendations for March 30, 2015 Market Analysis Review

Overview:

On February 5, temporary bullish breakout above 1.5220 (previous consolidation range) took place. Shortly after, an ascending channel was established at the level of 1.5170-1.5200. This indicates bullish sentiment on the market.

A projected target for this bullish breakout has already been reached around 1.5550 where the previous daily bottoms were located (solid resistance).

Two weeks ago, the bearish breakdown of lower limit of the depicted channel occurred enhancing the bearish side of the market and confirming the Flag pattern as bearish.

Significant bearish pressure was applied at the price of 1.5200 (R2), then 1.4950 (R1 = broken weekly bottom).

Bearish persistence below 1.4950-1.5000 indicated a further bearish decline. Initial projection target for this bearish breakout was located at 1.4700.

Recently, GBP/USD bulls managed to defend the recent bottom at 1.4700. Evident bullish rejection was expressed around 1.4630 resulting in the formation of a bullish head and shoulders reversal pattern.

Fixation above 1.4980-1.5000 (neck-line) is likely to extend the pattern's projection target towards 1.5200.

Otherwise, the GBP/USD pair remains in the long-term downtrend as depicted on both the daily and weekly charts. If so, bearish breakdown of 1.4700 is needed to resume this bearish scenario.

Trading recommendations:

Conservative traders can wait for the H4 closure above 1.5000 for a short-term buy entry.

TP levels should be set at 1.5080, 1.5120, and finally at 1.5200.

SL should be set as daily closure below 1.4900.

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EUR/NZD : analysis for March 30, 2015 Market Analysis Review

Overview:

In our last analysis, EUR/NZD was trading downwards. The price has tested the level of 1.4382 in a high volume. The price found resistance around the level of 1.4440 (our Fibonacci retracement 61.8%). The short-term trend is neutral. So, be careful when trading EUR/NZD. First major support is seen around the level of 1.4320 (Fibonacci expansion 61.8%) and if the price breaks the level of 1.4440, we may see a potential test of the levels of 1.4490-1.4560.

Daily Fibonacci pivot levels:

Resistance levels:

R1: 1.4431

R2: 1.4472

R3: 1.4538

Support levels:

S1: 1.4300

S2: 1.4260

S3: 1.4192

Trading recommendations: We are in neutral trend. So we need to see a clear direction in the next period to search for better opportunities.

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USD/CAD intraday technical levels and trading recommendations for March 30, 2015 Market Analysis Review

Overview:

Since bulls have pushed further above the upper limit of both depicted bullish channels and the 79.6% Fibonacci level the market looks quite overbought.

However, bullish pressure is still expressed as the previous weekly closure came above 1.2550 (consolidation zone mid-line).

Successive lower highs were established within the wedge pattern. However, the market expressed a bullish breakout above 1.2550-1.2600 shortly after.

The market failed to hold above 1.2650 - 1.2680 (previous highs) resulting in the formation of a double-top pattern that calls for confirmation (daily closure below 1.2350).

On the other hand, the support level around 1.2350 (lower limit of the wedge pattern) and 1.2300 (79.6% Fibonacci level) have been providing support for successive weeks on the daily chart.

In the long term, a projected target for USD/CAD wedge pattern would be located near the level of 1.3050 (the origin of the last bearish swing initiated on March 2009).

Last week, the resulting weekly candlestick came strongly positive (bullish hammer) closing above the price level of 1.2550 (mid-zone of the consolidation range) which failed to provide enough resistance for the pair.

This enhances the bullish side of the market. The next resistance level, hence the next target to meet the USD/CAD pair is located at 1.2790.

Trading recommendations:

As anticipated for risky traders, bearish pullback towards 1.2350 was considered for buy entry, which is running in profits now. S/L is likely to be located slightly below 1.2300.

T/P levels to be located at 1.2550, 1.2700 and finally 1.3050.

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Gold: analysis for March 30, 2015 Market Analysis Review

Overview :

Since our last analysis, gold has been trading downwards. As we expected, the price has tested the level of $1,182.19 in a high volume. Accoridng to the daily time frame we can observe supply in an volume below the average.The price rejected from our major Fibonacci retracement 38.2% ($1,205.00). According to the 4H time frame, we can observe supply in an average volume. I have placed Fiobonacci retracement to find potential support levels. I got Fibonacci retracement 38.2% at the price of $1,190.00 (already broken) and Fibonacci retracement 61.8% at the price of $1,172.00. Anyway, if the price breaks the level of 1,220.00, we may see potential testing of the level of $1,244.00.

Daily Fibonacci pivot points:

Resistance levels :

R1: 1,199.04

R2: 1,200.77

R3: 1,202.04

Support levels :

S1: 1,196.04

S2: 1,194.77

S3: 1,193.05

Trading recommendations: Be careful when buying gold at this stage since the price rejected from our Fibonacci retracement 38.2%

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Intraday technical levels and trading recommendations for EUR/USD for March 30, 2015 Market Analysis Review

The market was aggressively pushed lower after breaking below major demand levels around 1.2100 and 1.2000 where historical bottoms were previously established back in July 2012 and June 2010.

The EUR/USD pair has lost almost 1600 pips since the beginning of 2015. Moreover, the EUR/USD pair has been already pushed slightly below the monthly demand level around 1.0550 (established on January 1997) where some bullish recovery was applied as anticipated.

The price action should be observed around the current monthly demand level looking for monthly closure below 1.0570 as theoretical long-term targets are projected around 0.9450.

Obvious bearish breakdown of the weekly demand level at 1.1100 enhanced the bearish side of the market exposing lower targets.

Full projection targets for the Flag pattern were successfully reached around 1.0800 and 1.0500.

As anticipated, after such a long bearish rally (which started off 1.1300) bullish rejection existed around 1.0570 (monthly demand level).

Since then, the EUR/USD pair has been moving towards 1.1150.

Daily persistence above the price zone of 1.0850-1.0860 (recent demand zone) enhances the probability of a quick corrective movement towards 1.1100 where a long-term sell position can be offered.

On the other hand, daily closure below 1.0850 (this week's key-level) invalidates the bullish correction, bringing the EUR/USD pair back towards 1.0650-1.0600 (weekly low).

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Intraday technical levels and trading recommendations for GBP/USD for March 30, 2015 Market Analysis Review

The market has previously established a consolidation zone around 1.5000, which extended up to 1.5280. This was followed by a transient uptrend maintained within the depicted channel.

Bulls managed to push towards higher levels, including 1.5550 (just below the weekly supply level).

Significant bearish pressure was applied around 1.5550 resulting in the formation of multiple bearish engulfing daily candlesticks followed by a steep bearish decline towards 1.4700.

Demand levels located around 1.5200 and 1.5000 failed to provide enough support for the GBP/USD pair.

Last week, strong bullish rejection was expressed around 1.4700 (weekly low). A significant bullish weekly candlestick was expressed by the end of the week.

As anticipated, the price zone around 1.4960-1.5000 was expected to provide significant supply for retesting. It corresponds to the upper limit of the long-term depicted channel, 38.2% Fibonacci level and a broken weekly demand which goes back to January 2015.

Note that daily persistence above the price level of 1.5090 (50% Fibo level) indicates a quick bullish spike towards the price level of 1.5380 (projection target).

Recently, GBP/USD bulls failed to defend their demand zone around 1.4960-1.5000, which was breached two weeks ago.

Evident bullish recovery was manifested on the H4 chart near the price levels around 1.4700 (weekly low).

Fixation above 1.4700-1.4720 enhanced a bullish side of the market allowing another bullish swing towards 1.4990 to take place.

Recently, the market failed to trade above the price level of 1.4970 so far as a flag pattern is being expressed since price levels of 1.4970-1.5000 were visited.

Conservative traders should note that the GBP/USD pair remains trapped between 1.4700 and 1.4970 until a breakout occurs in either direction (transient consolidation range should be expected).

However, a quick bearish pullback towards the price level of 1.4720 (daily demand level) may be watched for a quick counter-trend buy entry. Stop loss should be located below 1.4625.

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Technical analysis of GBP/CHF for March 30, 2015 Market Analysis Review

Technical outlook and chart setups:

The GBP/CHF pair is seen to be stalling around the levels of 1.4300/4400 for now. It needs to be pushed through the level of 1.4400 to instil further confidence in the bullish setups: Immediate support is seen at 1.4000 followed by 1.3850 and lower while resistance is seen at 1.4630 followed by 1.4800, 1.5150, and higher respectively. It is recommended to remain long with risk below 1.4200 for now. Bulls are expected to remain in control untill prices stay above 1.4200 from here on. A drop lower would expose 1.4000 at least.

Trading recommendations:

Remain long stop below 1.4200, target is open.

Good luck!

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Technical analysis of EUR/JPY for March 27, 2015 Market Analysis Review

Technical outlook and chart setups:

The EUR/JPY pair is seen to be trading at the level 129.80 for now and is expected to be pushed higher through 133.00 untill prices remain above 128.00. It is recommended to remain long with risk at 128.00 for now. Immediate support is seen at 128.00, followed by 127.00 and lower while resistance is seen at 133.50 followed by 136.50 and higher respectively. The pair has broken the trend line resistance. It is seen in the buy zone for now. Also, the pair has back tested resistance turned support at 129.00.

Trading recommendations:

Remain long for now, stop at 128.00, target is open.

Good luck!

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Technical analysis of Silver for March 30, 2015 Market Analysis Review

Technical outlook and chart setups:

Silver continues to drop lower for now and should be supported around $16.00 levels which is fibonacci 0.618 of the entire rally from $15.30 to $17.40 levels respectively. Immediate support is seen at $16.68 levels followed by $15.80, $15.30, and lower while resistance is seen at $17.50/60 followed by $18.50/60 and higher respectively. The metal can push higher through the levels of $17.40/50 from here on before producing a meaningful retracement. Look for lower levels to initiate long positions again.

Trading recommendations:

Remain flat for now and look to buy lower again.

Good luck!

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Technical analysis of Gold for March 30, 2015 Market Analysis Review

Technical outlook and chart setups:

Gold is expected to retrace lower untill $1,170.00/72.00 from here. Please note that Fibonacci 0.618 is also passing through the same levels and a bullish bounce could be expected from there. It is recommended to remain flat for now and look to buy lower. Immediate support is seen at $1,172.00 followed by $1,160.00, $1,140.00, and lower while resistance is seen at $1,223.00 followed by $1,240.00/50.00, $1,285.00, and higher respectively. Bulls are poised to resume rally from the level of $1,170.00.

Trading recommendations:

Remain flat for now, looking to buy lower.

Good luck!

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Daily analysis of USDX for March 30, 2015 Market Analysis Review

The USDX remains bullish at the daily chart and we can see a rebound in progress on the support level of 96.60. In the upside, the next target is the resistance zone of 98.01. If the instrument breaks that zone, it would be expected to rise until the level of 99.12, as the overall bullish trend stays alive. Be cautious with the MACD indicator, that is currently at negative territory.

The USDX is likely to be forming a double top pattern on the H1 chart, above the 200 SMA, because it's dealing with the dynamic resistance offered by that moving average. On the other hand, the USDX could fall until the support level of 97.19, in order to resume the bearish bias towards the support level of 96.63 in the short term.

Daily chart's resistance levels: 98.01 / 99.12

Dailychart's support levels: 96.60 / 95.53

H1 chart's resistance levels: 97.90 / 98.36

H1 chart's support levels: 97.19 / 96.63

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USD Index breaks with a bearish candlestick; the support level is at 97.19, take profit is at 96.63, and stop loss is at 97.72.

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Daily analysis of GBP/USD for March 30, 2015 Market Analysis Review

In the daily chart, the support zone around the level of 1.4820 continues to reject the current price action of the GBP/USD pair, because bears are trying to gain territory. However, the pair is still trapped in that range. During this week, we expect more downside moves, as the 200 SMA is still bearish and the GBP/USD pair continues to form a lower low pattern.

The intraday structure shows sideways movements in the GBP/USD pair, but it's still below the 200 SMA at the H1 chart. So, we're looking for more downside movement in the pair. Anyway, GBP/USD is dealing with the support level of 1.4842, that is very strong. The 200 SMA continues to offer dynamic resistance in this consolidation phase.

Daily chart's resistance levels: 1.4948 / 1.5087

Dailychart's support levels: 1.4820 / 1.4649

H1 chart's resistance levels: 1.4921 / 1.4984

H1 chart's support levels: 1.4842 / 1.4774

Trading recommendations for today: Based on the H1 chart, place short (sell) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.4842, take profit is at 1.4774, and stop loss is at 1.4909.

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Weekly technical levels for EUR/USD for March 30, 2015 Market Analysis Review

The weekly technical levels for EUR/USD pair:

Overview :

• The market of the EUR/USD pair was moving in uptrend last week. Moreover, the trend was clear because the price moved lower to 1.0765; but the price of EUR/USD pair has been rebounding higher towards the level of 1.0876. According to the previous events, the price of the EUR/USD pair is going to move between the levels of 1.0803 and 1.0943. Therefore, we expect a range of 141 pips in coming days. Also, it should be noted that the price of 1.3584 is the key level to confirm the bullish market. The level of 1.0752 represents the weekly support one. So, buy above the level of 1.0767 (the double bottom in the H1 chart), with the first target at 1.0902 in order to test the weekly pivot point at the same time frame. It might resume to the 1.0943 price. The price may close below 1.0830 (23.6% of Fibonacci retracement levels). Consequently, the price will call for a bearish market to go further towards the level of 1.0770 to test it. However, it should be noted that the stop loss should never exceed your maximum exposure amounts.

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Weekly technical levels for GBP/USD for March 30, 2015 Market Analysis Review

The weekly technical levels for GBP/USD pair:

Pivot point formula:

• Pivot point = (high (previous) + low (previous) + close (previous)) / 3

Intraday technical levels :

• Projected high:1.5277


• Breakout (buy stop):1.5222


• Strong resistance (sell limit):1.5192


• Current pivot:1.4895


• Strong support (buy limit):1.4598


• Breakout (sell stop):1.4573


• Projected low:1.4523

General idea about the pivot point.

• Resistance 3 and support 3 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 in the sideways markets, as prices are most likely to be located between the resistance 1 and support 1 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 resistance 1 or support 1 and even reach resistance 2 and resistance 3 or support 2 and support 3. The break trough resistance or support is likely to result in a significant price movement.


• It should be noted that if there is no significant news to influence, the market price will be moving from pivot point to resistance 1 or support 1. But if there is significant news to influence, the market price may go straight through resistance 1 or support 1 and reach resistance 2 or support 2 and even resistance 3 or support 3.

Observations :

• According to the previous events, the GBP/USD pair is going to move between the levels of 1.4803 and 1.4952.


• Resistance is likely to be set at the level of 1.4981 and support is already placed at 1.4783.


• We expect a new range more than 169 pips this week.


• The key level will be set at the level of 1.4888. The weekly pivot point is set at the same price.


• The level of 1.4994 is going to represent the double top.

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#USDX technical analysis for March 30, 2015 Market Analysis Review

he Dollar index made an upward reversal from the 61.8% retracement. This area of support was the last chance for Dollar bulls to reverse the market to the up side. Strong resistance at 98.20 must be broken in order to confirm trend reversal. Rejection here could imply another test of the lows at 96.

Purple area= support

The Dollar index has reversed from the purple support area and the 61.8% retracement as expected. I'm bullish as long as the price is above this support area. Resistance is found at 98.20 by the Ichimoku cloud. We need to break above that level in order to confirm a medium-term bullish reversal.

The weekly chart closed above the tenkan-sen. This is a sign of bulls holding support and that there is enough strength to reverse the rend and resume the uptrend. The pullback from 100 to 96 was a nice short-term pullback. So, bulls can re-energize and resume the up trend as they continue to be under control of the trend. As long as the weekly close is above the tenkan-sen at 96.80, I remain bullish.

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Gold technical analysis for March 30, 2015 Market Analysis Review

Gold price remains in a short-term bearish trend after the bearish reversal from $1,220. Gold price has broken short-term support and is heading towards $1,180-75, which might be the last chance for a bounce towards $1,250. If important weekly support at $1,130 gets broken, we should expect the price to move towards $1,000 or even $900.

Red line = support

Gold price is above the Ichimoku cloud but has broken below the upward sloping red trend line support. The price is heading towards the Ichimoku cloud support at $1,180-75. If Gold price breaks below the Ichimoku cloud, we should expect $1,130 to be tested.

Blue line = support

Gold price remains in a bearish long-term trend in the weekly chart as shown above. The price was rejected by kijun-sen resistance and we also have a bearish sell signal be the cross of the kijun-sen and then tenkan-sen. The price is below the cloud and I believe we should expect a move towards the support line at $1,130 as long as we trade below $1,215. New lows over the coming weeks towards $1,000 will be expected once $1,130 is broken.

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Technical analysis of USD/CAD for March 30, 2015 Market Analysis Review

General overview for 30/03/2015 08:55 CET

The current wave progression is developing as we anticipated last week. The first possible impulsive wave upwards is almost done. The key level for the market to continue with this progression is weekly pivot at the level of 1.2561. The demand breakthrough zone unfolded between the levels of 1.2700 - 1.2721. Please note that the alternate count still indicates a possibility of more complex wave X brown in progression that might even target the recent swing high at the level of 1.2833.

Support/Resistance:

1.2503 - WS1

1.2561 - Weekly Pivot

1.2614 - Intraday Support

1.2657 - Intraday Resistance

1.2700 - 1.2721 - Demand Breakthrough Zone

Trading recommendations:

Daytraders should consider opening buy orders from the current price levels (or wait for the retrenchments and then buy) with SL below the weekly pivot at the level of 1.2561 and TP at the level of 1.2700 with a possible extension later in the week up to the level of 1.2721.

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Technical analysis of EUR/JPY for March 30, 2015 Market Analysis Review

General overview for 30/03/2015 08:30 CET

The bottom for wave (b) blue seems to be in place now. Further confirmation of the bullish trend resumption is needed to confirm the impulsive wave progression. So, intraday support at the level of 129.01 can not be violated as well. However, in case of a new local low in this pair, the alternate count would be even more reliable than ever, showing the possibility of a completed WXY corrective cycle in wave 2 black and further sell off in this market targeting the technical support at the level of 126.89.

Support/Resistance:

126.89 - Technical Support

127.59 - WS2

128.48 - WS1

129.01 - Intraday Support

130.02 - Weekly Pivot

130.37 - Intraday Resistance

130.98 - WR1

Trading recommendations:

Daytraders should consider opening buy orders from the current price levels with SL below the intraday support at the level of 129.01 and TP at the level of 130.37 with a possible extension later in the week up to the level of 131.65.

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Technical analysis of EUR/USD for March 30, 2015 Market Analysis Review

When the European market opens, some economic news on Italian 10-y Bond Auction, Spanish Flash CPI y/y, and German Prelim CPI m/m will be released.The US will release the economic data about Pending Home Sales m/m, Personal Income m/m, Personal Spending m/m, and Core PCE Price Index m/m. So, EUR/USD will move low to medium volatility during this day amid the reports.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.0934.

Strong Resistance:1.0928.

Original Resistance: 1.0917.

Inner Sell Area: 1.0906.

Target Inner Area: 1.0881.

Inner Buy Area: 1.0856.

Original Support: 1.0845.

Strong Support: 1.0834.

Breakout SELL Level: 1.0828.

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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