Technical analysis of EUR/USD for September 15, 2015 Market Analysis Review

When the European market opens, economic news on the Trade Balance, Employment Change q/q, ZEW Economic Sentiment, German ZEW Economic Sentiment, and French CPI m/mis due to be released. The US will publish data on the Business Inventories m/m, Industrial Production m/m, Capacity Utilization Rate, Empire State Manufacturing Index, Retail Sales m/m, and Core Retail Sales m/m. So amid the reports, EUR/USD will move low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1364.

Strong Resistance:1.1357.

Original Resistance: 1.1346.

Inner Sell Area: 1.1335.

Target Inner Area: 1.1308.

Inner Buy Area: 1.1281.

Original Support: 1.1270.

Strong Support: 1.1259.

Breakout SELL Level: 1.1252.

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 15, 2015 Market Analysis Review

In Asia, Japan will release the BOJ Monetary Policy Statement. The US will unveil economic data about Business Inventories m/m, Industrial Production m/m, Capacity Utilization Rate, Empire State Manufacturing Index, Retail Sales m/m, and Core Retail Sales m/m. So, there is a strong probability that USD/JPY will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 121.11.

Resistance. 2: 120.87.

Resistance. 1: 120.64.

Support. 1: 120.35.

Support. 2: 120.11.

Support. 3: 119.88.

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 14, 2015 Market Analysis Review

USD/JPY is expected to trade in a lower range. US stocks continued advancing on Friday with the Dow Jones Industrial Average gaining 0.6% to 16433, the S&P 500 rising 0.5% to 1961, and the Nasdaq Composite climbing 0.5% to 4822. Nymex crude oil dropped 2.8% to settle at $44.63 a barrel, gold fell 0.3% to $1107 a troy ounce, while the 10-year Treasury yield edged down to 2.191% from 2.222% on Thursday. While all eyes are on the US Federal Reserve interest rate decision at its September 16-17 meeting, the US dollar weakened against most other major currencies on Friday. The pair is trading below the key resistance at 120.95. Intraday technical indicators are mixed: the 20-period intraday moving average (MA) stays below the 50-period one, while the intraday relative strength indicator (RSI) is above the neutrality level of 50. As long as 120.95 holds as the key resistance, the pair is expected to show choppy price actions with a bearish bias. The first downside target is set at 119.60 (around the low of September 11); and the second one, at 119.10 (around the low of September 10).

Trading recommendations:

The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 119.60. A break of that target will move the pair further downwards to 119.10. The pivot point stands at 120.95. 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, long positions are recommended with the first target at 121.30 and the second target at 121.70.

Resistance levels: 121.70 122 122.50

Support levels: 119.90 119.60 119.20

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Technical analysis of USD/CHF for September 14, 2015 Market Analysis Review

USD/CHF is expected to trade in a lower range. Technically, the pair broke below its support at 0.9745 and remains weak below its 20- and 50-period intraday MAs, which are turning down and play resistance roles. The upside potential should also be limited by the horizontal resistance at 0.9695. Moreover, the intraday RSI is bearish below its neutrality area at 50. In these perspectives, a break below 0.9695 would trigger further drop toward 0.9670.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. As long as the price holds above its pivot point, long positions are recommended with the first target at 0.9795 and the second target at 0.9825. In the alternative scenario, short positions are recommended with the first target at 0.9695 if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 0.9670. The pivot point is at 0.9715.

Resistance levels: 0.9795 0.9825 0.9850

Support levels: 0.9695 0.9670 0.9630

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Technical analysis of NZD/USD for September 14, 2015 Market Analysis Review

NZD/USD Intraday: Key resistance is at 0.6350. The pair remains under pressure below its key resistance at 0.6350, and it seems more likely to challenge its nearest support at 0.6275. The intraday RSI is badly directed, calling for further decline. Besides, the 20- and 50-period intraday MAs are mixed to bearish. In this case, as long as 0.6350 is not surpassed, the risk of a break below 0.6275 remains high. Our next down target is set at 0.6240.

Trading recommendations:

The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 0.6275. A break of that target will move the pair further downwards to 0.6240. The pivot point stands at 0.6350. 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, long positions are recommended with the first target at 0.6385 and the second target at 0.6425.

Resistance levels: 0.6385 0.6425 0.6475

Support levels: 0.6275 0.6240 0.6205

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Technical analysis of GBP/JPY for September 14, 2015 Market Analysis Review

GBP/JPY is expected to trade with bearish bias as key resistance is at 185.55. The pair remains under pressure below its key resistance at 185.55, and it seems more likely to challenge its nearest support at 184.10. The intraday RSI is badly directed, calling for further decline. Besides, the 20- and 50-period intraday MAs are mixed to bearish. In this case, as long as 0.6350 is not surpassed, the risk of a break below 184.10 remains high. Our next down target is set at 185.55.

Trading recommendations:

The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 184.10. A break of that target will move the pair further downwards to 183.35. The pivot point stands at 1855.55. 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, long positions are recommended with the first target at 186.45 and the second target at 187.40.

Resistance levels: 186.40 187.45 188

Support levels: 184.10 183.35 182.55

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Daily analysis of Silver for September 14, 2015 Market Analysis Review

Overview

Silver price shows a slight bearish bias now in an attempt to resume the bearish trend, showing that stochastic approaches from confirming negative overlapping signal in the four-hour time frame, which supports the continuation of our bearish trend expectations efficiently for the rest of the day, targeting 13.50 and 12.80 levels initially. To achieve them require, silver needs to hold below 15.00.

Therefore, we keep preferring the bearish trend on the intraday and short-term basis, depending on the continuation of the trading within the bearish channel, reminding you that our initial targets are located at 13.50 and 12.80.

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Daily analysis of GBP/JPY for September 14, 2015 Market Analysis Review

Overview

GBP/JPY was close to key cluster resistance of 61.8% retracement of 251.09 to 116.83 at 199.80, which is close to the psychological level of 200. A breakout of 174.86 will confirm trend reversal and result in a deeper fall to 38.2% retracement of 116.83 to 195.86 at 165.67. In case of another rise, we should be cautious as strong resistance from 199.80/200.00 couls finally bring reversal. Intraday bias in GBP/JPY remains neutral with a focus on resistance at 187.36. A firm break there will argue that the fall from 195.86 has completed. More importantly, this will be a signal that a larger uptrend is resuming. Meanwhile, minor support will move focus back to 180.36.

Daily Pivots: (S1) 185.50; (P) 186.18; (R1) 186.66;

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GBP/USD intraday technical levels and trading recommendations for September 14, 2015 Market Analysis Review

Overview:

On April 9, the bearish trend was resumed towards the level of 1.4550 where a lower daily bottom was reached. That is where the depicted bullish swing was initiated.

The next bullish swing extended up to the levels of 1.5750-1.5800, which offered valid sell entries for risky traders (depicted with red numbers).

Recently, strong bullish pressure was applied at the resistance level of 1.5800 via the recent bullish swing.

That is why, the resistance level of 1.5800 was temporarily breached. Bulls moved towards 1.5900 where the depicted Head and Shoulders pattern was confirmed.

The support level of 1.5555 got breached by the end of the previous month due to excessive bearish pressure which originated at 1.5800.

The nearest support zone to meet the GBP/USD pair was located at 1.5200-1.5170 where a valid Intraday buy entry was offered last week. It has already achieved most of its targets.

Another sell entry can be offered near the resistance level of 1.5470 (lower limit of the previous consolidation range) if the current bullish pullback continues above the level of 1.5330.

Note that persistence below the levels of 1.5450 (lower limit of the broken consolidation range) and 1.5350 (Recent Weekly Bottom) is mandatory to enhance further bearish decline in the nearest future and vice versa.

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USD/CAD intraday technical levels and trading recommendations for September 14, 2015 Market Analysis Review

Overview:

Several months ago, when bulls pushed the price further above 79.6% Fibonacci level, the market looked quite overbought. That is why, the price failed to hold above 1.2650 - 1.2680 (previous highs), resulting in lower highs (within the depicted consolidation zone) enhancing the bearish side of the market.

Daily fixation below 1.2300 opened the way towards the levels of 1.2000 and 1.1940 (the depicted weekly uptrend).

Bullish support was found around these levels. Higher lows were reached. Bullish pressure was applied to the resistance levels of 1.2450 and 1.2500 (previous tops).

On the other hand, the previous weekly candlestick was rather bullish. That is why an extensive bullish movement is seen on the chart.

A bullish breakout above the zone of 1.2770-1.2800 has been executed.

The long-term bullish target was projected towards the level of 1.3270 (100% Fibonacci Expansion) where bearish pressure should be expected. Bulls are revisiting this level today.

Bearish corrective movement towards the level of 1.2750 (Breakout Level) should be expected as long as USD/CAD bears keep defending the Fibonacci Expansion zone around 1.3270 - 1.3300.

Moreover, bearish persistence below 1.3100 (lower limit of the depicted Flag pattern) is needed to expose the next support level around 1.2910 and then 1.2800 where long-term buy entries can be considered.

Trading recommendations:

A counter-trend sell entry can be offered anywhere around the level of 1.3330 (Fibonacci Expansion 100%). S/L should be placed above the level of 1.3400. T/P levels should be placed at 1.3200 and 1.3050.

Conservative traders should wait for a bearish pullback towards the recent breakout zone (1.2800-1.2750) for a valid buy entry as the breakout level constitutes the recent strong support.

S/L should be located below the level of 1.2700. T/P levels should be located at 1.2850 and 1.2900.

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Intraday technical levels and trading recommendations for GBP/USD for September 14, 2015 Market Analysis Review

Few months ago, the market was pushed above the weekly key zone around 1.5550 in an attempt to reach the area around 1.5900, which has been providing evident resistance for the GBP/USD pair.

For several weeks, consecutive weekly candlesticks have been generating contradictory signals.

Previous weekly candlestick closure above 1.5500 hindered further bearish decline and enhanced the bullish side of the market towards 1.5670 (previous weekly high) and 1.5780 (61.8% Fibonacci level).

The most recent weekly candlestick came as bearish engulfing one, closing below the level of 1.5450 (Head and Shoulders neckline).

This enhances the bearish side of the market in the long term. For the reversal pattern, an approximate projection target should be located at the level of 1.5050.

In the short term, the nearest demand level to meet the GBP/USD pair is located around 1.5200.

Recently, it constituted a prominent demand that prevented further weekly decline where the current bullish engulfing weekly candlestick was initiated.

Previously, the zone of 1.5800-1.5880 acted as significant supply. It offered a valid sell entry few weeks ago. All T/P levels were successfully reached.

On the other hand, the level of 1.5550, which corresponded to the 50% Fibonacci level and the previous prominent top, was temporarily broken enabling further bearish decline towards 1.5350 where an ascending bottom was established.

Prominent supply/resistance existed around the level of 1.5770 (prominent 61.8% Fibonacci level) where the right shoulder of the depicted bearish reversal pattern.

That is why, a valid sell entry was suggested for retesting at 1.5770 three weeks ago. Most of its targets have been already achieved.

Moreover, the previous bearish movement found its way towards the level of 1.5200 (Prominent Demand Level) where evident bullish rejection was expressed ( two recent bullish engulfing Daily candlesticks).

Trade Recommendation:

If the current bullish pullback persists above the level of 1.5300, a valid SELL entry should be expected around the price zone of 1.5450-1.5500 (recent resistance zone).

T/P levels to be projected towards 1.5200 then 1.5050. S/L should be placed above 1.5600.

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Intraday technical levels and trading recommendations for EUR/USD for September 14, 2015 Market Analysis Review

The pair was moved lower after breaking below major demand levels around 1.2100 and 1.2000 where historical bottoms were previously hit back in July 2012 and June 2010.

EUR/USD bears have already pushed the price slightly below the monthly demand level at 1.0550 (established in January 1997). Bullish recovery was observed shortly after.

April's candlestick came as bullish engulfing one. However, the next monthly candlesticks (May, June, July, and August) reflected the recent bearish rejection that took place around 1.1450.

In the long term, a projection target is still seen at 0.9450 if a bearish breakout of the monthly demand level at 1.0550 occurs soon.

On the other hand, a bullish corrective movement towards 1.1500 will take place only if a high of 1.1465 gets breached.

This can be achieved if the current monthly candlestick closes above a weekly high of 1.1465 by the end of the current month.

Recently, evident bullish recovery was expressed after hitting the level of 1.0800. Since then, bulls have been trying to achieve an extensive bullish movement towards 1.1500 and 1.1700.

Multiple ascending bottoms were established around the levels of 1.0830 and 1.1020. These levels corresponded to the current daily uptrend depicted on the chart.

Extensive bullish pressure was applied until bearish resistance was expressed around the level of 1.1700.

Recently, the market looked overbought as bulls were pushing the price above the level of 1.1500 (Daily Supply Level).

Hence, bearish movement took place towards the level of 1.1160 (61.8% Fibonacci level), which provided evident bullish rejection (showed within the recent daily candlesticks).

The current price zone of 1.1300-1.1330 constitutes an Intraday Supply level which provided bearish rejections many times before. It should be defended by bears to achieve further bearish decline.

On the other hand, daily persistence below the level of 1.1160 is mandatory to expose the next demand level around 1.0980 where the daily uptrend comes to meet the pair.

Conservative traders should wait for a bearish pullback towards the price zone of 1.0980-1.1000 (the depicted uptrend line) for a valid buy entry. S/L should be placed below 1.0950. T/P levels should be placed at 1.1080 and 1.1160.

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Technical analysis of Silver for September 14, 2015 Market Analysis Review

Technical outlook and chart setups:

Silver is trading lower, just around the $14.50 levels for now after testing the $15.00 levels earlier. The metal should remain in control of bears until prices stay below the $15.60 levels at least. Looking to the risk reward ratio, it is recommended to initiate short positions with risk at the $15.50 levels. Immediate support is seen at the $14.00 levels followed by $13.00, $12.00 and lower, while resistance is seen at the $15.60 levels followed by $16.50, $17.50/60 and higher respectively. Only a break above the $15.50/60 levels would turn the metal bullish.

Trading recommendations:

Initiate short positions, stop is at $15.50 levels, target is open.

Good luck!

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Technical analysis of Gold for September 14, 2015 Market Analysis Review

Technical outlook and chart setups:

Gold dropped to the level of $1,100.00 on Friday before pulling back. Now it is trading around $1,107.00. The metal dropped from $1,170.00, which is the fibonacci 0.618 resistance and bouncing off the dropping trend line as well. It is hence recommended to exit long positions taken earlier and remain flat for now. Aggressive traders can go short with risk at $1,150.00. Immediate support is seen at the levels of $1,100.00, followed by $1,090.00 and lower, while resistance is seen at $1,150.00 followed by $1,170.00 and higher.

Trading recommendations:

Exit long positions and remain flat.

Good luck!

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Technical analysis of EUR/JPY for September 14, 2015 Market Analysis Review

Technical outlook and chart setups:

The EUR/JPY pair is seen to have pulled back from the 137.00 levels today and is trading at the 136.12/14 levels for now. Please also note that the pair has push higher through its 50-day moving average line as well. It is recommended to hold short positions for now with risk at the 139.00 levels. Immediate support is seen at the 134.00/50 levels followed by 132.00 and lower, while resistance is seen at the 139.00 levels followed by 140.00/141.00 and higher respectively. A drop below the 132.00 levels would be required to accelerate further downside though.

Trading recommendations:

Remain short for now, stop is at 139.00, target is open.

Good luck!

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Technical analysis of GBP/CHF for September 14, 2015 Market Analysis Review

Technical outlook and chart setups:

The GPB/CHF pair dropped to 1.4900 earlier and is trading at 1.4960/70 now. Please note that a 50-day moving average line is passing through the same territory. Also note that prices have bounced back from 1.4900, which was resistance. It is hence recommended to take profits on short positions from the levels of 1.5100 earlier, and remain flat now. Immediate support is seen at 1.4700, followed by 1.4600/50 and lower, while resistance is seen at 1.5100 followed by 1.5350/1.5400 and higher respectively.

Trading recommendations:

Book profits on short positions taken earlier and remain flat.

Good luck!

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Technical analysis of EUR/USD for September 14, 2015 Market Analysis Review

Overview:

• The EUR/USD pair broke major resistance at 1.1269 last week. Also, the pivot point is calculated at 1.1269 this week. Therefore it will probably start an upside movement in this area and recover again. So, the market will indicate a bullish opportunity at the level of 1.1269 and it will be a good sign to buy at this spot with the first target of 1.1370 and continue towards 1.1418 in order to test the double top. On the other hand, if a break of 1.1269 happens, then it will be a good location for placing stop loss. Buy above the level of 1.1270 with the first target of 1.1370; it might resume to 1.1418.

Trading recommendations:

• According to previous events, the EUR/USD pair is still moving between 1.1269 and 1.1418.
• Buy above the level of 1.1270 with the first target of 1.1370; it might resume to 1.1418.
• Below the level of 1.1418, look for further downside with the 1.1270 target.

The weekly technical levels of the EUR/USD pair.

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Technical analysis of GBP/USD for September 14, 2015 Market Analysis Review

The weekly technical analysis of GBP/USD pair:

Overview:

• According to the previous events, the GBP/USD pair is still moving between the levels of 1.5358 and 1.5502. Sell below the level of 1.5502, which represents the weekly resistance 1 with the first target at 1.5410. Moreover, if the trend does not fail to close below the level of 1.5410, it will call for a downtrend in order to continue its bearish movement towards 1.5358 in order to test this strong support (it should be noted that the level of 1.5358 is going to form the weekly pivot point). At the same time, the stop loss should be placed at the level of 1.5560. If the trend is upward, strength of the currency will be defined as follows: GBP is in an uptrend and USD is in a downtrend.

Observations:

On September 14, 2015:

• Major support is seen at the level of 1.5358.
• Major resistance is expected at the level of 1.5502.
• We expect a new range up to 144 pips in coming days.
• If the trend is upward, then the strength of the currency will be defined as follows: GBP is in an uptrend and USD is in a downtrend.
• Stop loss should never exceed your maximum exposure amounts.
• As a rule, the market is highly volatile if the last day had huge volatility.

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EUR/NZD : analysis for September 14, 2015 Market Analysis Review

Overview:

Recently, EUR/NZD has been moving sideways around the level of 1.7910. In the daily time frame, we can observe a demand bar in a volume below the average and weak price action (potential selling). The intraday trend is neutral. I found strong trading range between the levels of 1.8000 (resistance) and 1.7270 (support). In the H1 time frame, we can observe weakness (no demand bar) from the top, that means we may expect further downward movement. Buying looks very risky. We may see potential testing of our support at the level of 1.7660. Anyway, wait for changing in trend since the current intraday trend is neutral.

Fibonacci Pivot Points :

Resistance levels:

R1: 1.7985

R2: 1.8020

R3: 1.8075

Support levels:

S1: 1.7875

S2: 1.7840

S3: 1.7785

Trading recommendations: Weakness is observed in the H1 time frame. Be careful when buying EUR/NZD and watch for potential selling opportunities if the trend changes its direction.

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Gold : analysis for September 14, 2015 Market Analysis Review

Overview:

Since our last analysis, gold has been trading downwards. As we expected, the price tested the level of $1,098.60. The intraday trend is neutral. According to the daily time frame, we can observe a supply in an average volume but with a weak close (sign of strenght) . According to the H1 time frame, we can observe a potential climatic action in the background and absorption later on, which means that selling looks very risky. First resistance level is expected around $1,109.50. Anyway, my advice is to wait for changing in trend behavior before taking any setup.

Daily Fibonacci pivot points :

Resistance levels

R1: 1,106.75

R2: 1,107.70

R3: 1,109.25

Support levels:

S1: 1,103.70

S2: 1,102.75

S3: 1,101.25

Trading recommendations: Absorption volume is seen in the H1 time frame. The trend is neutral. Selling looks risky, so watch for potential buying opportunities if trend changes.

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Global macro overview for 14/09/2015 Market Analysis Review

Global macro overview for 14/09/2015:

Even another set of disappointing figures from China's economy released on Sunday was not able to stir the forex market as market participants awaited the Fed's interest rate decision (Wednesday-Thursday) and press conference. Industrial production and fixed asset investment in China missed forecasts in August, raising the risk that economic growth may slow down to below 7 percent in the third quarter for the first time since 2008.

The US Dollar Index is likely to trade in a tight congestion zone, but still below the daily moving averages of 100,50 and 21. The support is found at the levels of 92.59 - 93.07 and resistance is seen at the level of 98.32.

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Global macro overview for 14/09/2015 Market Analysis Review

Global macro overview for 14/09/2015:

Latest data from the Switzerland Federal Statistical Office regarding Retails Sales and Producer and Import prices turned out to be very disappointing. The market expected prices to stay flat at -0.4% m/m (-6.7% y/y), but they declined again to the level of -0.7% m/m (-6.8% y/y). This decline is the fastest since April 1950, when tthe indicator declined 7.1 percent. The producer and import prices measure has been dropping steadily since October 2013 posting the fifth consecutive month of fall in August.

Since the peg removal by SNB in January 2015 the EUR/CHF pair went above the 61%Fibo retracement of the removal candle and it is slowly continuing to climb higher. The current resistance is a recent swing high at the level of 1.1053 and support is seen at the level of 1.0959.

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Technical analysis of USD/CAD for September 14, 2015 Market Analysis Review

General overview for 14/09/2015 10:10 CET

The current price action inside the over two-week-long congestion zone looks more and more like the distribution pattern. This idea is being supported by the current Elliott wave count that suggest the possible beginning of the impulsive wave progression to the downside. Nevertheless, any price breakout above the level of 1.3325 will invalidate the impulsive bearish count and will likely make a new high above the level of 1.3352 (it will be the last high in this market anyway).

Support/Resistnace:

1.3399 - WR2

1.3353 - Swing High

1.3334 - WR1

1.3325 - Intraday Resistnace

1.3243 - Weekly Pivot

1.3178 - WS1

1.3152 - Intraday Support

1.3136 - Intraday Support

1.3114 - Technical Support

Trading recommendations:

Daytraders should consider opening sell orders from current market levels with SL just above the level of 1.3325 and TP at the level of 1.3152.

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

For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of USD/CAD for September 14, 2015 . Thanks for your support.

USDX technical analysis for September 14, 2015 Market Analysis Review

The US dollar index finds short-term support at the 38% Fibonacci retracement around the 95 price level. Last week, the price got rejected at the resistance trendline and broke below the cloud. Backtesting of the broken cloud could see the price bounce towards 95.50, but overall short-term trend is bearish and could push the price to 94.

Green line - resistance

The US dollar index got rejected last week and is now trading below the cloud support, but just above the 38% Fibonacci retracement. This is important support so a 4-hour close below 95 will be a bearish sign that the price could continue lower towards 94.

Red line - resistance

Green line - support

The US dollar index as we expected got rejected at the weekly kijun-sen resistance and pushes towards 94 weekly cloud support. A longer-term support inside the cloud is the 92 level where we find the 38% retracement. We are inside a bigger bullish flag pattern but will prefer to wait before trying any long positions again.

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Gold technical analysis for September 14, 2015 Market Analysis Review

Gold price remains in a short-term bearish trend and below resistance levels. The weekly chart remains bearish and there are a lot of chances of seeing the price push below $1,100 again as long as we remain below $1,115.

Black line - downward sloping trendline resistance

Blue area - horizontal resistance

Gold price is below the Ichimoku cloud resistance on the 4-hour chart and below the black trendline resistance. The breakdown below $1,115 last week has opened the way for a push below $1,100. I remain bearish in the short term as long as the price is below $1,125. The short-term resistance at $1,115.

The weekly chart remains bearish as the price closed well below the tenkan-sen and with a lower low last week. The price could bounce towards $1,120 where the tenkan-sen resistance is found, but I believe it is more probable to see a test of the recent lows at $1,080-90.The material has been provided by InstaForex Company - www.instaforex.com

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Technical analysis of EUR/JPY for September 14, 2015 Market Analysis Review

General overview for 14/09/2015 09:50 CET

The target for the corrective retrenchment in wave (a) blue (alt. 2 blue) has reached the 61% - 66% Fibo level zone, and now it is slowly going down from the level of 137.09. Please notice that as long as the market trades above the weekly pivot at the level of 135.72, there is still a chance the corrective cycle will get more complex and waves (b) and (c) blue will be fully developed.

Support/Resistnace:

138.80 - WR1

137.09 - Intraday Resistnace

135.72 - Weekly Pivot

134.53 - WS1

Trading recommendations:

Daytraders should consider opening sell orders from the current market levels with SL just above the level of 137.10 and TP at the level of 135.72.

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

For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of EUR/JPY for September 14, 2015 . Thanks for your support.