Technical analysis of EUR/JPY for February 13, 2015 Market Analysis Review

Technical outlook and chart setups:

The EUR/JPY pair has pushed higher through 136.70 levels as expected and is set to be poised to clear 137.50/138.00 in the coming sessions. Please also note that the pair has tested 135.00 handle yesterday, which is past resistance turned support now, and bounced back. It is recommended to remain long for now, with risk at 133.50 levels. Bulls are expected to remain in control untill prices remain above 135.00 and subsequently the levels of 133.50. Immediate support is seen at the levels of 134.70 (interim) followed by 133.50 and lower while resistance is seen at the levels of 137.50/138.00, followed by 142.00 and higher, respectively.

Trading recommendations:

Remain long for now; stop is below 133.50, target is 138.00.

Good luck!

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Technical analysis of USD/JPY for February 13, 2015 Market Analysis Review

Fundamental overview:
USD/JPY is expected to trade with bearish bias. It is undermined by the weaker USD sentiment (ICE spot dollar index last 94.18 versus 94.92 early Thursday) on 0.8% drop in the U.S. January retail sales (versus forecast -0.5%), a rise in the U.S. jobless claims to 304,000 for the week ended on February 7 (versus forecast 290,000), 0.1% increase in the U.S. December business inventories (versus forecast +0.2%). USD/JPY is also weighed by the lower U.S. Treasury yields (10-year at 1.986% versus 2.021% late Wednesday), Japan's exports and the reports that Japan's central bank thinks any further stimulus measures would be counterproductive and consumer sentiment would be hurt by more yen weakness. But the USD/JPY losses are tempered by demand from the Japanese importers, reduced safe-haven appeal of theyen and yen-funded carry trades as global risk sentiment improves (VIX fear gauge eased 9.55% to 15.34, S&P 500 rose 0.96% to close at 2,088.48 overnight) on news that Germany and France brokered a cease-fire with Russia to end nearly a year of fighting in Ukraine, and by positions adjustment ahead of the U.S. long weekend (financial markets in the U.S. are shut on Monday for a public holiday).

Technical comment:
The daily chart is mixed as the MACD is bullish, 5 and 15-day moving averages are advancing but stochastics is turned 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 118.30. A break of this target will move the pair further downward to 118. The pivot point stands at 119.30. 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 119.75 and the second target at 120.20.

Resistance levels:

119.75

120.20

120.70

Support levels:

118.30

118

117.65

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Technical analysis of GBP/CHF for February 13, 2015 Market Analysis Review

Technical outlook and chart setups:

The GBP/CHF pair has raised through the levels of 1.4360 taking our stops out at 1.4230. The pair has been steadily making higher highs and higher lows since the drop from 1.5550 to 1.1800 on January 15, 2015. The immediate resistance is seen around the handle of 1.4600/1.4700 (Fibonacci 0.786), while the support is seen at the levels of 1.4100 for now. Only a drop below the levels of 1.4100 would build a case of selling into rallies. Until then, it is safe to buy on dips. It is recommended to buy on dips into 1.4200/50 from here on with risk at the levelsof 1.4100. Bulls shall remain in control untill prices stay above the 1.4100 handle.

Trading recommendations:

Buy on dips towards 1.4200/50; stop is at 1.4100, target is at 1.4600 and 1.4700.

Good luck!

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Technical analysis of USD/CHF for February 13, 2015 Market Analysis Review

Fundamental overview:
USD/CHF is expected to consolidate with risks skewed lower after hitting an eight-day high of 0.9338 on Thursday. It is undermined by the weaker dollar sentiment. But the USD/CHF losses are tempered by the negative Swiss interest rates, the threat of theSNB CHF-selling intervention, the franc sales on buoyant EUR/CHF cross, and by positions adjustment ahead of the weekend.

Technical comment:
The daily chart is still positive-biased as the MACD and stochastics are bullish, although the latter is at overbought 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 0.9335 and the second target at 0.9365. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 0.9205. A break of this target would push the pair further downwards, and one may expect the second target at 0.9160. The pivot point is at 0.9240.

Resistance levels:
0.9335

0.9365

0.9435

Support levels:

0.9205

0.9160

0.9075

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Technical analysis of NZD/USD for February 13, 2015 Market Analysis Review

Fundamental overview:
NZD/USD is expected to trade with bullish bias. It is supported by the weaker dollar sentiment, improved investor risk appetite and firmer commodity prices. The pair is also boosted by the kiwi demand on soft AUD/NZD cross and NZD-USD interest differential. But the NZD/USD gains are tempered by the positions adjustment ahead of the weekend.

Technical comment:

Th daily chart is positive-biased as bullish outside-day-range pattern was completed on Thursday. The MACD and stochastics are bullish. Five-day moving average is rising above 15-day moving average.

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 0.7485 and the second target at 0.7530. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 0.7360. A break of this target would push the pair further downwards, and one may expect the second target at 0.7310. The pivot point is at 0.74.

Resistance levels:

0.7485

0.7530

0.7585



Support levels:

0.7360

0.7310

0.7265

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Technical analysis of GBP/JPY for Feburary 13, 2015 Market Analysis Review

Fundamental overview:
GBP/JPY is expected to consolidate with risks skewed higher after hitting a three-week high 136.70 on Thursday. It is supported by the positive investor risk sentiment and demand from Japan's importers. But the EUR/JPY gains are tempered by the Japanese exports and positions adjustment ahead of the weekend.

Technical comment:
The daily chart is positive-biased as the MACD and stochastics are bullish, five-day moving average is above 15-day moving average and is advancing.

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 182.30. A break of this target will move the pair further downward to 181.60. The pivot point stands at 183.60. 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 182.30 and the second target at 181.60.

Resistance levels:

184.30

185.20

184.75

Support levels:

182.30

181.60

181

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Technical analysis of Silver for February 13, 2015 Market Analysis Review

Technical outlook and chart setups:

Silver has retested its support at the levels $16.60/65 before bouncing back higher towards the levels of $17.06. The metal is trading at the levels of $16.90 for now and is expected to resume rally any moment. Besides, note that the trend line support is still intact and the Fibonacci 0.618 support is also passing through the same region. A bullish candlestick appearance at the current levels would confirm that the next move is higher towards $18.90, $19.50 and $21.00, respectively. Bulls shall remain under control untill prices stay above the level of $16.50 and $15.50, respectively. It is recommended to remain long, risk remains at $16.00. Immediate support is at $16.50, while resistance is seen at $17.40/50.

Trading recommendations:

Remain long; stop is at $16.00, target is at $19.50 and $20.25.

Good luck!

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