Technical analysis of EUR/JPY for May 22, 2015 Market Analysis Review

The cross has probably made a double top at 136.91 and thew nearest resistance is seen at 137.10 100Wsma. The cross erased most of the recent gains this week. The cross made a low at 133.91 and the nearest support is found at 133.90 100Wema. In cese of a weekly close above 137.30, bulls are likely to aim at 137.60 and 141.00 and 141.80 later. It is too early to expect bulls to close above 137.30. 200Dsma is found at 137.15, 100Wsma is seen at 137.10 and 50Wsma is seen at 137.30. Strong resistance rejected the cross to the lower levels. In case bears manage to close below 133.90 today, they will aim at 133.10 and 132.70 next week. The real panic will be trigger below 131.15 towards 130.15 and 129.75. Intraday support is found at 134.30 and 133.91. Intraday resistance is seen at a high of 134.67 made at the Asian session. For intraday, we recommend buying above 134.70 with a target at 135.15 immediately, later 136.00. On the down side, we recommend selling below 133.90 with targets at 133.50 and 133.10.

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Technical analysis of Gold for May 22, 2015 Market Analysis Review

The yellow metal rejected at $1,232.00 100Wema and lost $31.00 by now. The metal has been hovering at $1,200.00 after the mixed US data. The USD has been moving higher from the recent low. It gained renewed strength after the US housing data release. Wednesday's FOMC meeting showed that the reulator is not going to raise its interest rate in June. We hope for September or the end of 2015. The metal is trading below 20Wsma $1,212.50. On a weekly basis, the metal made a double top at $1,223.80. A weekly close above $1,233.00 is likely to ignite afresh rally towards $1,250.00 immediately. In the daily chart, gold managed to hold above 20Dsma. Support is found at $1,200.00 and $1,195.00 50Dsma. Intraday resistance is seen at $1,214.50. Until the metal closes below $1,214.50, bears are unlikely to try to aim at $1,195.00 and $1,185.00.

Support: $1,203.00, $1,199.00, $1,195.00

Resistance: $1,210.50, $1,214.50, $1,216.50

The real panic will be triggered below $1,199.00 at the intraday session. Buying momentum is seen above $1,211.00. Within the intraday session, the metal can stretch max to $1,215.00 and $1,218.00 in the extreme case. Whereas, 20Wsma is found at $1,213.00, bulls will try to close above this level. In case the metal closes above $1,213.50 on Monday, opening may be seen around $1,217.00. On the downside, in case the metal closes below $1,195.00, bears can aim at $1,185.00,$1,178.00, $1,173.00, and $1,166.00. We have been repeatedly advising $1,165.00 as the key level for further down fall towards new lows. In the hourly chart, positive divergence has been developing.

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Technical analysis of EUR/USD for May 22, 2015 Market Analysis Review

When the European market opens, economic data one ECB President Draghi's speech, Italian Retail Sales m/m, German Ifo Business Climate, and German Final GDP q/q are on due. The US will release data on the Core CPI m/m and CPI m/m. So amid the reports, EUR/USD will move low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1163.

Strong Resistance:1.1157.

Original Resistance: 1.1146.

Inner Sell Area: 1.1135.

Target Inner Area: 1.1109.

Inner Buy Area: 1.1083.

Original Support: 1.1072.

Strong Support: 1.1061.

Breakout SELL Level: 1.1055.

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 May 22, 2015 Market Analysis Review

In Asia, Japan will release BOJ Governor Kuroda's speech, the minutes of the BOJ Press Conference, and Monetary Policy Statement. The US will release economic data on the Core CPI m/m and CPI m/m. So, there is a strong probability that USD/JPY will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 121.54.

Resistance. 2: 121.30.

Resistance. 1: 121.06.

Support. 1: 120.78.

Support. 2: 120.56.

Support. 3: 120.30.

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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For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of USD/JPY for May 22, 2015 . Thanks for your support.

Technical analysis of GBP/USD for May 22, 2015 Market Analysis Review

Today traders eye on the BoE Carney's speech. We expect him to touch inflation and unemployment sectors, which are very sensible.

Technical view: The cable changed the direction from 1.5446 extending gains for the second day as well. At yesterday's session, the cable managed to close above 200D&ema. At all time frames, the cable favors buying. Support is found at 1.5590 and 1.5550. Until the pair closes above 1.5550, use dips to buy. At yesterday's session, we recommended buying above 1.5600 with targets at 1.5700. The cable made a high at 1.5700. Weekly resistance is seen at 1.5840. The fresh new bullish leg will be available in case the price closes above 1.5840. The trend-deciding level is found at 1.5155. The cable managed to hold the ascending trendline from a low of 1.4566. But the euro fell against USD below that. Traders are willing to buy the pound on dips against the euro. Intraday support is found at 1.5655. The bullish trade is available with sl 1.5645 with targets at 1.5700, 1.5720, and 1.5750 cmp 1.5670. Safe buying is advised above 1.5710. For bears, selling emerges below 1.5640 aiming at 1.5600, 1.5580, and 1.5525. Intraday panic will be ignited only below 1.5580.

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Technical analysis of EUR/USD for May 22, 2015 Market Analysis Review

France has been providing better-than-expected data compared to German reports for a while. The same repeated at yesterday's session.

French: Flash France Manufacturing Output Index rose to a 4-month high of 48.3 (46.6 in April),

Flash France Manufacturing PMI climbed to a 12-month high of 49.3 (48.0 in April). Flash France PMI data signaled a rise in private sector output for the fourth consecutive month in May. It increased to 51.0 from 50.6 in April.

Germany:Flash Germany Manufacturing PMI is at 51.4 (52.1 in April), which is a 3-month low. Flash Germany Manufacturing Output Index came to 52.7 (54.3 in April), a 3-month low. May data signaled further slowing in private sector output growth rate in Germany. Despite signaling an expansion, the rate of growth was the weakest in 2015 so far.

Eurozone: Flash Eurozone Services PMI Activity Index is at a 4-month low of 53.3 (54.1 in April).

Flash Eurozone Manufacturing PMI came to 52.3 (52.0 in April), a 13-month high. Flash Eurozone Manufacturing PMI Output Index was printed at 53.5 (53.4 in April), which is a 2-month high. The eurozone economy lost growth momentum for a second successive month in May, according to the latest PMI survey data.

Today, traders eye ECB President Draghi's speech. We expect the President to touch inflation and unemployment sectors, which are very sensible.

Technical view: Ahead of Draghi's speech, the euro is trading at 1.1110 compared to 1.1112. At yesterday's session, the pair paused a 3-day losing streak and managed to close with mild gains. The pair closed below 100Dema and 20Dsma. The weekly 20Dsma is found at 1.1125. On a weekly basis, the pair made a double top at 1.1467. The pair is trading near the support zone of 1.1050, bulls' last hope is found at 1.0950 50Dsma. A daily close below 1.1050 is likely to cancel the recent uptrend. We have been repeatedly advising book profit at 1.1450. On a monthly basis, the pair lost its gains, trading in losses. The parallel support is found at 1.1067 and 1.1050. Intraday resistance is seen at 1.1181 and support is at 1.1090 and 1.1060. In the hourly chart, higher lows formation shifted to lower highs favoring bears. This view will be erased in case the price breaches the 1.1181. Bulls have an opportunity to trade above 1.1185 like at 1.1230 and 1.1250. Selling opportunity are available for bears below 1.1050 with small targets at 1.1035, 1.1000, and 1.0950/1.0935 initially, later it can extend towards 1.0780. Bulls must close above 1.1181 to cancel the view of 1.0780. Bears must close below 1.1030. The real panic appears in case the price falls below 1.1030. At yesterday's session, the pair rejected at the broken ascending trendline from the lows. The pair broke the 2-week ascending trendline. One trendline moved from a low of 1.1067 to 1.1467 and the other from a low of 1.0521.

Trade: Buying above 1.1185

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EUR/NZD long-term trend still down Market Analysis Review

Clearly EUR/NZD established a long-term downtrend. Before this, EUR/NZD failed to break above R2 (1.57 area) that would confirm a new higher high. While every new low being lower as well as every new high being lower, bears should be dominating in the mid-term future.

With two different downtrend trendlines applied to the chart, a strong resistance area has come into play. This is R1 level (1.54), which is also a round number and a psychological barrier. Early this week, both trendlines have been rejected suggesting that down trend might continue.

Now, it seems wise to start looking for sell opportunities on pullbacks as the market could be too low to enter the short trade at this point. Target either S2 (1.4820) or S3 (1.4636) support levels.

Support: 1.5039, 1.4819, 1.4636

Resistance: 1.5398, 1.5679

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