Tuesday, 1 September 2015

Daily analysis of Silver for September 01, 2015 Market Analysis Review

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Overview

Silver price remains stable moving below the level of 14.70 today. Therefore, our bearish trend expectations remains valid and active supported by stochastic and the EMA50 negativit. The targets are seen at 13.50 and then at 12.80. The EMA50 adds more strength to the resistance, and stochastic is gradually losing its positive momentum in the four-hours time frame. All these factors encourage us to prefer the bearish trend in the upcoming period with targets at 13.50 and 12.80. We remind you that a breakout of 14.70 will enable the price to test the resistance near 15.40 before making any new attempt to decline.

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Daily analysis of GBP/JPY for September 01, 2015 Market Analysis Review

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Overview

AAccording to the H4 chart, GBP/JPY stays neutral at the moment. Price actions at the level of 195.86 are viewed as a consolidation pattern and should be supported by fibonacci level at 182.88. An upside breakout through 195.86 is expected later. However, sustained trading below 182.88 will dampen our view and turn focus back to the support level of 174.86.

Ther is not enough evidence for medium-term reversal yet. The uptrend from the level of 116.83 could extend to 61.8% retracement of 251.09 to 116.83 at 199.80, which is close to the psychological level of 200 and top there. Meanwhile, consider bearish divergence condition in the weekly MACD.A break of support at 174.86 will suggest that the trend has reversed earlier than we expect.

Daily Pivots: (S1) 185.41; (P) 186.42; (R1) 186.99;

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EUR/NZD analysis for September 01, 2015 Market Analysis Review

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Overview:

Recently, EUR/NZD has been moving upwards. The price tested the level of 1.7843. In the daily time frame, we can observe a demand bar in a volume below the average. The trend is neutral. Our Fibonacci expansion 61.8% at the level of 1.7325 held successfully. Anyway, we saw that supply came in according to the H1 time frame. Buying still looks risky, since we got strong weakness on the background. Watch only for selling opportunities after retracement. Support is seen around the level of 1.7275. We need to see a change in trend behavior from neutral to downward and then we can watch for selling opportunities.

Fibonacci Pivot Points :

Resistance levels:

R1: 1.7760

R2: 1.7875

R3: 1.8065

Support levels:

S1: 1.7380

S2: 1.7260

S3: 1.7070

Trading recommendations: Watch only for selling opportunities after retracement.

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For detail explanation and best discovery on daily market trends and news you may visit via EUR/NZD analysis for September 01, 2015 . Thanks for your support.

Gold : analysis for September 01, 2015 Market Analysis Review

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Overview:

Since our last analysis, gold has been trading upwards. The price tested the level of $1,144.53. According to the daily time frame, we can observe a weak demand bar. Anyway, we saw weakness in Fridays's price action in the H1 time frame. We got a buying climax with the wide spread and supply coming in. Watch only for selling opportunities after retracement. Strong support is found at the level of $1,117.50. If the price breaks this support level, we will have the second support around $1,111.00. According to the H1 time frame, we can observe signs of weakness. We got no demand bars and potential buying climax.

Daily Fibonacci pivot points:

Resistance levels

R1: 1,135.60

R2: 1,138.00

R3: 1,142.00

Support levels:

S1: 1,127.00

S2: 1,125.00

S3: 1,120.00

Trading recommendations: The strong sign of weakness is in the background. Watch only for selling opportunites after retracement.

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For detail explanation and best discovery on daily market trends and news you may visit via Gold : analysis for September 01, 2015 . Thanks for your support.

Technical analysis of NZD/USD for September 1, 2015 Market Analysis Review

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Overview:

  • The NZD/USD pair in the long term on September 1, 2015.
  • The resistance is going to set at the level of 0.6447. The level of 0.6447 is coinciding with the ratio of 38.2% Fibonacci retracement levels. Consequently, the descending movement will probably be lower than the 0.6447 level with the targets at 0.6323. Furthermore, the market will lead to a further decline to 0.6250 this week in order to indicate a correctional movement at this level. Meanwhile, the daily chart represents a strong support at 0.6246. But the weekly double bottom has been already set at the point of 0.6156, then it will be very profitable to buy above this level for retesting this level in the short period. Therefore, buy deals are recommended above the 0.6156 level with targets at 0.6366. Additionally, we expect that the pair of NZD/USD will be trading between the levels of 0.6260 and 0.6444 this week.

Intraday technical levels:

  • Projected high: 0.6447
  • Breakout (buy stop): 0.6395
  • Current pivot: 0.6342
  • Breakout (sell stop): 0.6257
  • Projected low: 0.6160
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Technical analysis of USD/CHF for September 1, 2015 Market Analysis Review

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Overview:

  • The USD/CHF pair will set strong resistance at the level of 0.9734 and support at 0.9592 today. Besides, the daily pivot point has been already set at the price of 0.9603. So, the last bullish wave began from the daily pivot point at the level of 0.9603 on the first day of September 2015. Additionally, the price is still moving above the key level (0.9570) since last week. Therefore, the USD/CHF pair will get an upside momentum. It is rather convincing and the structure of ascension does not look corrective. Bullish opportunity is above the 0.9590/0.9603 level. Consequently, it will be a good sign to buy above 0.9590/0.9603 with the first target of 0.9682 and continuing bullish towards 0.9734 (this level is coinciding with the weekly resistance one). Moreover, it should be noted that the RSI calls for an uptrend. On the other hand, stolp loss should be placed below the last bearish wave at 0.9561.
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USDX technical analysis for September 1, 2015 Market Analysis Review

The US Dollar Index is reversing lower as we expected from the 78.6% Fibonacci retracement. The index is going to test the cloud support at 94.90-94.70. If this support is broken, we should expect a test of the recent lows at 93.

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The US Dollar Index reverses from the 78.6% retracement. The price is above the Ichimoku cloud and above the kijun-sen indicator (yellow line). Bulls are still alive as bears are trying to regain control in the market. Support is at 94.90 and 94.70. Resistance is at 96.30. A daily close above 96.30 will push the index towards 98.30.

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Red line - resistance

Green line - support

The US Dollar Index got rejected at the kijun-sen this week (yellow indicator) and should move towards the cloud support or even the green trend-line support. The 38% retracement is my target. I remain short-term bearish but without taking my mind away from the bullish flag pattern that is being formed.

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For detail explanation and best discovery on daily market trends and news you may visit via USDX technical analysis for September 1, 2015 . Thanks for your support.