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Orbex
Broj poruka : 17
Points : 1384
Date of Entry : 2014-01-09
Godina : 27

Daily Market Report

on Mon Nov 03, 2014 8:49 pm
 
 

EUR/USD










 EUR/USD
1.2495

EURO in trading zone


Market managed to add more drop pressure after FOMC meeting last week,Today , Recorded a low at 1.2438.


market facing resistance at 1.2650 where as long as market holding trades below this level the downtrend pressure will sustain.


short-run trading range may hold trades between 1.2380 - 1.3060




Daily Trend: Down
Weekly Trend: Down
 
 
 
  SUPPORTRESISTANCE
 LEVEL11.24201.2517
 LEVEL21.23661.2650
 LEVEL31.22801.2750
 
 Flat
 
 
 
 

GBP/USD










 GBP/USD: 1.6000

Pound under drop pressure, while rebound correction on sight


Short-run


market managed to sustain drop where FOMC meeting last week and BoJ actions where managed to push the pair toward low around 1.5925

our projection was that as long as market holding trades above 1.5900 the rebound correction will sustain toward 1.6280 & 1.6380

an opportunity to long-buy the market with stop loss below 1.5875 , while the first sign of weak market will be if Pound fell below 1.5950

in this situation we will advise to long-buy the market with divide stop loss in 2 places




Daily Trend: Down
Weekly Trend: Down
 
 
 
  SUPPORTRESISTANCE
 LEVEL11.59501.6025
 LEVEL21.58751.6105
 LEVEL31.58201.6170
 
 Short term strategy: keep trades we bought at 1.5990, divide stop loss 50% stop at 1.5940, & 50% stop at 1.5870 , target 1.6160 & 1.6380
 
 
 
 

USD/JPY










 USD/JPY: 113.20

Japanese Yen on uptrend wave


Short-run
market managed to accelerate advance as BOJ is ready to sustain Quantitative easing by buying every bonds that Government may issue in pursuing to spur Inflation in the region .

market managed to sustain advance toward 113.50 as expected with higher movement , where market now facing support at 113.80 zone

as long as market holding trades above 110.00 the uptrend may sustain advance toward 114.65 , while below 110.00 market may enter our expect trading zone between 105.50 - 112.00



Long-Run

as long as market holding trades above 100.60 the long-run uptrend wave will sustain this year

Daily Trend: Up
Weekly Trend: Up
 
 
 
  SUPPORTRESISTANCE
 LEVEL1111.00113.50
 LEVEL2110.00114.65
 LEVEL3107.70115.20
 
 Short-term strategy: flat
 
 
 
 

Crude Oil










 Oil (Z4):80.70

Oil extend drop below 90.00 as IMF cut Global Growth Forecast

market managed to add more drop pressure after the International Energy Agency predicting the lowest demand growth since 2009


market still holding drop pressure over WTI where Global economic slowdown with reducing expected Oil demand add more drop pressure

market faced another slump after U.S stockpiles inventory , while managed this week to back to test support zone of 79.00-50

as long as market holding trades below 86.30 the downtrend pressure will sustain

short-run
market may hold short-run trading zone between 79.00 - 85.00 , while below 79.00 market may add more drop pressure to sustain movement toward 74.00 - 75.00 zone


Daily Trend: Down
Weekly Trend: Down
 
 
 
  SUPPORTRESISTANCE
 LEVEL180.0082.35
 LEVEL279.00-5083.10
 LEVEL378.0084.00
 
 short-term strategy: place short-sell at 79.00 , stop loss above 80.00 , target 74.00-75.00 zone
 
 
 
 

GOLD










 GOLD 1170

Gold between deflation & Dollar hike

market managed to activate more drop pressure over Gold after FOMC rate projections for rising interest rate next year

while economic data from Europe and China showing slow down which may cause more deflation in prices which will affect Gold for more drop also

market managed today to fell below support zone of 1180 which indicating the sustain drop for the next year which is compatible with expectation for Fed to raise interest rate


short-run
market now having trading zone between 1160 - 1180 , where market need to see a daily close below 1180 to confirm the break.

market still have chance to sustain trades between 1160 - 1240 zone incase if market managed to back with daily close above 1180, while as long as market holding daily close below 1180 the downtrend pressure will sustain toward 1100



Daily Trend: Down
Weekly Trend: Down
 
 
 
  SUPPORTRESISTANCE
 LEVEL111601180
 LEVEL211451196
 LEVEL311251208
 
 Short term strategy: waiting daily close
 
 
 
 

Dow Jones










 Dow Jones: 17290

Equity demand

with Equity market managed to obtain drop correction with less than 10% which indicating the sustain of Long-Run uptrend wave

market managed to jump fast in U.S equity after U.S GDP last week which indicating better than expected economic growth in U.S.A.

market managed to hit another historical high at 17350 , while market still holding trades above 17200 support zone

as long as market holding trades above 17200 will expect farther advance toward 17600-700 zone, while below 17200 market may initiate short-run trading zone




Daily Trend: Up
Weekly Trend: Up
 
 
 
  SUPPORTRESISTANCE
 LEVEL11725017360
 LEVEL21715017425
 LEVEL31700017550
 
 Short-Term Strategy: flat
Orbex
Broj poruka : 17
Points : 1384
Date of Entry : 2014-01-09
Godina : 27

Re: Daily Market Report

on Wed Nov 05, 2014 11:32 am


EUR/USD Intraday: the upside prevails.
Pivot: 1.2495

Our preference: Long positions above 1.2495 with targets @ 1.259 & 1.2635 in extension.

Alternative scenario: Below 1.2495 look for further downside with 1.2435 & 1.236 as targets.

Comment: The pair stands above its support and remains supported by a rising trend line.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

USD/CHF Intraday: under pressure.
Pivot: 0.9645

Our preference: Short positions below 0.9645 with targets @ 0.9575 & 0.9535 in extension.

Alternative scenario: Above 0.9645 look for further upside with 0.9695 & 0.975 as targets.

Comment: The pair has broken below its support and remains under pressure.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

GBP/USD Intraday: under pressure.
Pivot: 1.6025

Our preference: Short positions below 1.6025 with targets @ 1.592 & 1.587 in extension.

Alternative scenario: Above 1.6025 look for further upside with 1.608 & 1.6125 as targets.

Comment: The pair has broken below its support and remains under pressure.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

Dow Jones (CBT) (Z4) Intraday: supported by a rising trend line.
Pivot: 17150

Our preference: Long positions above 17150 with targets @ 17470 & 17530 in extension.

Alternative scenario: Below 17150 look for further downside with 17000 & 16830 as targets.

Comment: The RSI is around its neutrality area at 50%
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

Gold spot Intraday: under pressure.
Pivot: 1182

Our preference: Short positions below 1182 with targets @ 1130 & 1120 in extension.

Alternative scenario: Above 1182 look for further upside with 1195 & 1203 as targets.

Comment: As long as 1182 is resistance, likely decline to 1130.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

Crude Oil (NYMEX) (Z4) Intraday: under pressure.
Pivot: 78.45

Our preference: Short positions below 78.45 with targets @ 75.3 & 74.3 in extension.

Alternative scenario: Above 78.45 look for further upside with 79.8 & 81 as targets.

Comment: Technically the RSI is below its neutrality area at 50.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced
Orbex
Broj poruka : 17
Points : 1384
Date of Entry : 2014-01-09
Godina : 27

Re: Daily Market Report

on Mon Nov 10, 2014 10:47 am
EUR/USD Intraday: the bias remains bullish.
Pivot: 1.241

Our preference: Long positions above 1.241 with targets @ 1.249 & 1.254 in extension.

Alternative scenario: Below 1.241 look for further downside with 1.2365 & 1.234 as targets.

Comment: The pair is on the upside and is challenging its resistance.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

USD/CHF Intraday: the downside prevails.
Pivot: 0.97

Our preference: Short positions below 0.97 with targets @ 0.963 & 0.96 in extension.

Alternative scenario: Above 0.97 look for further upside with 0.974 & 0.977 as targets.

Comment: The pair is under pressure and is challenging its support.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

GBP/USD Intraday: the upside prevails.
Pivot: 1.5825

Our preference: Long positions above 1.5825 with targets @ 1.593 & 1.597 in extension.

Alternative scenario: Below 1.5825 look for further downside with 1.579 & 1.572 as targets.

Comment: The pair is on the upside as the RSI is well directed.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

Dow Jones (CBT) (Z4) Intraday: supported by a rising trend line.
Pivot: 17440

Our preference: Long positions above 17440 with targets @ 17550 & 17650 in extension.

Alternative scenario: Below 17440 look for further downside with 17340 & 17290 as targets.

Comment: The RSI is mixed with a bullish bias.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

Gold spot Intraday: rebound expected.
Pivot: 1161

Our preference: Long positions above 1161 with targets @ 1195 & 1203 in extension.

Alternative scenario: Below 1161 look for further downside with 1150 & 1130 as targets.

Comment: The RSI is mixed to bullish.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

Crude Oil (NYMEX) (Z4) Intraday: supported by a rising trend line.
Pivot: 77.5

Our preference: Long positions above 77.5 with targets @ 79.8 & 81 in extension.

Alternative scenario: Below 77.5 look for further downside with 76.45 & 75.8 as targets.

Comment: The RSI is mixed to bullish.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced
Orbex
Broj poruka : 17
Points : 1384
Date of Entry : 2014-01-09
Godina : 27

Re: Daily Market Report

on Tue Nov 11, 2014 10:37 am
EUR/USD Intraday: under pressure.
Pivot: 1.2465

Our preference: Short positions below 1.2465 with targets @ 1.241 & 1.2365 in extension.

Alternative scenario: Above 1.2465 look for further upside with 1.251 & 1.254 as targets.

Comment: The pair stands below its resistance and remains under pressure.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

USD/CHF Intraday: the bias remains bullish.
Pivot: 0.965

Our preference: Long positions above 0.965 with targets @ 0.97 & 0.974 in extension.

Alternative scenario: Below 0.965 look for further downside with 0.9615 & 0.958 as targets.

Comment: The pair stands above its support and remains on the upside.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

GBP/USD Intraday: the downside prevails.
Pivot: 1.592

Our preference: Short positions below 1.592 with targets @ 1.579 & 1.572 in extension.

Alternative scenario: Above 1.592 look for further upside with 1.597 & 1.602 as targets.

Comment: The pair stands below its resistance and remains under pressure.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

Dow Jones (CBT) (Z4) Intraday: supported by a rising trend line.
Pivot: 17500

Our preference: Long positions above 17500 with targets @ 17650 & 17700 in extension.

Alternative scenario: Below 17500 look for further downside with 17440 & 17340 as targets.

Comment: The RSI advocates for further advance.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

Gold spot Intraday: under pressure.
Pivot: 1165

Our preference: Short positions below 1165 with targets @ 1142 & 1130 in extension.

Alternative scenario: Above 1165 look for further upside with 1179 & 1195 as targets.

Comment: As long as 1165 is resistance, likely decline to 1142.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

Crude Oil (NYMEX) (Z4) Intraday: break of a ST rising trendline support.
Pivot: 78.8

Our preference: Short positions below 78.8 with targets @ 76.45 & 75.8 in extension.

Alternative scenario: Above 78.8 look for further upside with 79.8 & 81 as targets.

Comment: Technically the RSI is below its neutrality area at 50.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced
Orbex
Broj poruka : 17
Points : 1384
Date of Entry : 2014-01-09
Godina : 27

Re: Daily Market Report

on Mon Dec 01, 2014 9:55 pm
Orbex - Daily Technical Levels Monday, December 01, 2014


EUR/USD Intraday: under pressure.
Pivot: 1.2495

Our preference: Short positions below 1.2495 with targets @ 1.2425 & 1.24 in extension.

Alternative scenario: Above 1.2495 look for further upside with 1.253 & 1.2575 as targets.

Comment: The pair stands below its resistance and remains under pressure.
 
[b]Chart Caption[/b]
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

USD/CHF Intraday: the upside prevails.
Pivot: 0.964

Our preference: Long positions above 0.964 with targets @ 0.97 & 0.9725 in extension.

Alternative scenario: Below 0.964 look for further downside with 0.962 & 0.959 as targets.

Comment: The pair is rebounding above its support.
 
[b]Chart Caption[/b]
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

GBP/USD Intraday: under pressure.
Pivot: 1.568

Our preference: Short positions below 1.568 with targets @ 1.5585 & 1.5555 in extension.

Alternative scenario: Above 1.568 look for further upside with 1.574 & 1.5775 as targets.

Comment: The pair stands below its resistance and remains under pressure.
 
[b]Chart Caption[/b]
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

Dow Jones (CBT) (Z4) Intraday: key resistance at 17805.
Pivot: 17805

Our preference: Short positions below 17805 with targets @ 17700 & 17650 in extension.

Alternative scenario: Above 17805 look for further upside with 17875 & 17915 as targets.

Comment: The RSI is below its neutrality area at 50%
 
[b]Chart Caption[/b]
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

Gold spot Intraday: under pressure.
Pivot: 1165

Our preference: Short positions below 1165 with targets @ 1142 & 1131 in extension.

Alternative scenario: Above 1165 look for further upside with 1177 & 1189 as targets.

Comment: As long as 1165 is resistance, likely decline to 1142.
 
[b]Chart Caption[/b]
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

Crude Oil (NYMEX) (F5) Intraday: under pressure.
Pivot: 69.7

Our preference: Short positions below 69.7 with targets @ 62 & 60.8 in extension.

Alternative scenario: Above 69.7 look for further upside with 71.8 & 73.3 as targets.

Comment: As long as 69.7 is resistance, likely decline to 62.
 
[b]Chart Caption[/b]
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced
Orbex
Broj poruka : 17
Points : 1384
Date of Entry : 2014-01-09
Godina : 27

Re: Daily Market Report

on Mon Dec 08, 2014 1:16 pm
EUR/USD Intraday: under pressure.
Pivot: 1.2325

Our preference: Short positions below 1.2325 with targets @ 1.225 & 1.222 in extension.

Alternative scenario: Above 1.2325 look for further upside with 1.2355 & 1.2395 as targets.

Comment: The pair stands below its resistance and is shaping a triangle pattern.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

USD/CHF Intraday: the upside prevails.
Pivot: 0.973

Our preference: Long positions above 0.973 with targets @ 0.983 & 0.989 in extension.

Alternative scenario: Below 0.973 look for further downside with 0.9685 & 0.9655 as targets.

Comment: The pair remains on the upside and is shaping a triangle pattern.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

GBP/USD Intraday: the downside prevails.
Pivot: 1.562

Our preference: Short positions below 1.562 with targets @ 1.5535 & 1.551 in extension.

Alternative scenario: Above 1.562 look for further upside with 1.5665 & 1.5715 as targets.

Comment: The pair stands below its resistance and remains under pressure.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

Dow Jones (CBT) (Z4) Intraday: bullish bias above 17880.
Pivot: 17880

Our preference: Long positions above 17880 with targets @ 17980 & 18000 in extension.

Alternative scenario: Below 17880 look for further downside with 17835 & 17800 as targets.

Comment: The RSI is above its neutrality area at 50%.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

Gold spot Intraday: under pressure.
Pivot: 1214

Our preference: Short positions below 1214 with targets @ 1181.5 & 1169 in extension.

Alternative scenario: Above 1214 look for further upside with 1222 & 1236 as targets.

Comment: The RSI is capped by a declining trend line.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

Crude Oil (NYMEX) (F5) Intraday: capped by a negative trend line.
Pivot: 67

Our preference: Short positions below 67 with targets @ 63.7 & 62.5 in extension.

Alternative scenario: Above 67 look for further upside with 68.2 & 69.7 as targets.

Comment: As long as 67 is resistance, likely decline to 63.7.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced
Orbex
Broj poruka : 17
Points : 1384
Date of Entry : 2014-01-09
Godina : 27

Re: Daily Market Report

on Tue Dec 09, 2014 1:10 pm

EUR/USD



 EUR/USD

1.2360

EURO under drop pressure

as we see over the chart, market still holding trades below downtrend swing where resistance now laying at 1.2440 zone

so far short-run showing trading zone between 1.2220 - 1.2440 as we see over the chart

below 1.2200 market may add more drop pressure to head toward 1.2130 and 1.2050 zone


so far market still holding downtrend wave where market expected ECB to head for broader asset purchase program , which may affect for more drop over Euro next year


as long as market holding trades below 1.2460 expect 1.2215-30 zone


Daily Trend: Down
Weekly Trend: Down
 
 
 
  SUPPORTRESISTANCE
 LEVEL11.2215-301.2380
 LEVEL21.21351.2440-60
 LEVEL31.20501.2505
 
  
 
 
 
 

GBP/USD



 GBP/USD: 1.5650

Back to down trend


as we advised before , market managed to jump above 1.5625 which allowed farther rebound correction where market managed to hit near our target 1.5700 zone

as long as market holding trades above 1.5625 the uptrend will sustain while above 1.5720 expect 1.5780-90 zone

below 1.5625 the downtrend pressure will back where 1.5585 and 1.5540 will consider as support level



med-term
as long as market holding trades below 1.5870 the downtrend wave will sustain where targets will sustain toward 1.5380 zone


Daily Trend: Down
Weekly Trend: Down
 
 
 
  SUPPORTRESISTANCE
 LEVEL11.56251.5700-20
 LEVEL21.55851.5780-90
 LEVEL31.55401.5825
 
  
 
 
 
 

USD/JPY



 USD/JPY: 120.00

Japanese Yen on uptrend wave

Dollar/Yen sustain uptrend movement as investors anticipate shinzo abe to win second term on election as prime minister

Short-run

as we see over the chart, market still holding trades inside short-run uptrend channel , where support laying at 119.00 and resistance at 123.30-50 zone

Market now trading inside overbought zone which may hit the market for drop correction movement, where 110.00 would be the main support on market

As market trading on the overbought zone , the pair may give good opportunity to short-sell market at 124.00 zone

as long as market holding trades above 119.00 zone market may sustain advance toward 123.25-50 zone


Long-Run
as long as market holding trades above 100.60 the long-run uptrend wave will sustain this year


Daily Trend: Up
Weekly Trend: Up
 
 
 
  SUPPORTRESISTANCE
 LEVEL1119.00121.80
 LEVEL2117.85122.80
 LEVEL3117.20123.25-50
 
  
 
 
 
 

Crude Oil



 Oil (F5):63.50

Oil tumble after OPEC decision with no supply cut

Oil prices sustain drop after OPEC meeting where countries agree that no supply cut action

market managed to add more drop pressure after the International Energy Agency predicting the lowest demand growth since 2009

market still holding drop pressure over WTI where Global economic slowdown with reducing expected Oil demand add more drop pressure , where Japanese data show depend recession which indicating reduce demand for Oil

short-run

so far technical analysis seeing ability for short-run to hold trades between 60-00 - 70.00 zone , where as long as market holding trades below 70.00 farther drop would be expected over the med-run toward 50.00 levels

as we expected , market managed last week to head for rebound correction where tested 69.50 zone , while as long as the market hold trades below this suggested level the down-trend will sustain


Daily Trend: Down
Weekly Trend: Down
 
 
 
  SUPPORTRESISTANCE
 LEVEL162.3065.40
 LEVEL261.5066.65
 LEVEL360.9068.20
 
  
 
 
 
 

GOLD



 GOLD 1206

Gold between deflation & Dollar hike

market managed to activate more drop pressure over Gold after FOMC rate projections for rising interest rate next year

while economic data from Europe and Japan showing slow down which may cause more deflation in prices which will affect Gold for more drop also

short-run

market managed to spark rebound correction as expected after U.S labor market data last month , where market managed to head to break above 1182 resistance zone

while the break above 1182 may activate short-run rebound correction toward 1230-35 zone , as we advised before

market now facing support at 1175 , where as long as market holding trades above 1175 expect more advance toward 1230-35 zone , below 1175 market may back to re-test 1150-55 zone

Long-Run

long-run downtrend wave that we advise last year still targeting 1100 , where as long as market holding trades below 1255 the target will remain toward 1100


Daily Trend: Up
Weekly Trend: Down

 
 
 
  SUPPORTRESISTANCE
 LEVEL111851221
 LEVEL211751230-35
 LEVEL31150-551240-45
 
  
 
 
 
 

Dow Jones



 Dow Jones: 17790

Equity demand

with Equity market managed to obtain drop correction with less than 10% which indicating the sustain of Long-Run uptrend wave

market managed to jump fast in U.S equity after the last U.S GDP which indicating better than expected economic growth in U.S.A.

AS well the ECB decision about QE would support equity further , moreover , NFP numbers for last week pushed equities further to records high.

market managed to jump above resistance 17440 last month, which sending signals of ability to sustain advance toward up

short-run

market managed to test our projection target zone of 17950-90 , where market is expected to face resistance as long as market holding trades below 18000 zone

zone of 17950-90 provided short-sell opportunity at market as we advised last week

short-run now facing trading zone between 17700 - 17950 , while below 17700 market my head for farther drop correction toward 17500-25 zone


Long-Run

as we mentioned at the end of last year and early this year , Dow managed to head toward near 18000 by the end of this year


Daily Trend: Up
Weekly Trend: Up
Orbex
Broj poruka : 17
Points : 1384
Date of Entry : 2014-01-09
Godina : 27

Re: Daily Market Report

on Thu Dec 18, 2014 3:38 pm

12.18.2014



EUR/USD



 EUR/USD

1.2325

EURO on trading zone

As we see over the chart, market managed to jump above resistance zone of 1.2440-60, which may place the pair inside trading zone between 1.2250 - 1.2600 levels

Short-run

market managed to sustain drop toward 1.2280 after Fed statement yesterday , while market still holding short-run trading zone between 1.2250 - 1.2600 for the end of this year

above 1.2600 market may sustain rebound toward 1.2750-80 zone , while as long as market holding trades below 1.2885 the downtrend wave will sustain for the med-term model

traders may watch the daily close for Euro , where any daily close above 1.2340 may activate farther rebound , while above 1.2375 this rebound correction may gather more momentum

market may offer opportunity to long-buy the Euro while risk will be if market fell below 1.2245 , as long as market holding trades above 1.2245 a rebound correction toward 1.2750 may hit the market , below 1.2245 market will face support at 1.2135


Daily Trend: UP
Weekly Trend: Down
 
 
 
  SUPPORTRESISTANCE
 LEVEL11.22451.2375
 LEVEL21.21351.2525
 LEVEL31.20401.2600
 
  
 
 
 
 

GBP/USD



 GBP/USD: 1.5650

Pound on trading zone

As we advised before, market managed to jump above 1.5625 which allowed farther rebound correction where market managed to hit our target 1.5700-20 zone

market now facing resistance at 1.5755 and 1.5825

as long as market holding trades below 1.5825 the downtrend pressure will sustain , while above 1.5875 the indicators will start to show uptrend pressure

short-run

Market may provide good zone for short-sell around 1.5770-90 , while as long as market holding trades below 1.5875 the downtrend wave will sustain toward 1.5380

so far short-run trading zone still holding between 1.5540 - 1.5875 , while as long as market holding trades below 1.5875 the downtrend wave will sustain


Med-term
as long as market holding trades below 1.5875 the downtrend wave will sustain where targets will sustain toward 1.5380 zone


Daily Trend: Down
Weekly Trend: Down
 
 
 
  SUPPORTRESISTANCE
 LEVEL11.56051.5700
 LEVEL21.55751.5770-90
 LEVEL31.55401.5875
 
  
 
 
 
 

USD/JPY



 USD/JPY: 118.60

Japanese Yen on uptrend wave

Short-run

As we advised before, market managed to hit below 118.00 levels which may activate farther drop later toward 115.00-50 zone

market managed to test the doors of 115.50 before rebounding while market still facing resistance zone at 119.55-95

market still trying to build a base for farther advance over the med-term , where market where 115.00-50 OR 113.80 may be the base of the coming uptrend wave

the coming short-run trading zone may have big range deviate between 113.00 - 1.2400 zone , where 115.00-50 and 113.00-80 would consider as good zone to re-long-buy the market


Long-Run
as long as market holding trades above 100.60 the long-run uptrend wave will sustain this year


Daily Trend: Up
Weekly Trend: Up
 
 
 
  SUPPORTRESISTANCE
 LEVEL1117.75119.00
 LEVEL2116.95119.55-95
 LEVEL3116.25121.00
 
  
 
 
 
 

Crude Oil



 Oil (F5) 58.25

Oil tumble after OPEC decision with no supply cut

Oil prices sustain drop after OPEC meeting where countries agree that no supply cut action

Market managed to add more drop pressure after the International Energy Agency predicting the lowest demand growth since 2009

Market still holding drop pressure over WTI where Global economic slowdown with reducing expected Oil demand add more drop pressure, where Japanese data show depend recession which indicating reduce demand for Oil

Short-run

market managed to add more drop over Oil prices after the last forecast cut from IEA , where as long as market holding trades below 63.70 a farther drop would be expected over the med-run toward 50.00 levels

so far market moving inline with our expectation where managed this week to hit 53.90 low , while target still toward 50.00

as long as market holding trades below 60.00 expect target toward 50.00


Daily Trend: Down
Weekly Trend: Down

 
 
 
  SUPPORTRESISTANCE
 LEVEL156.0059.20
 LEVEL254.5559.75
 LEVEL353.9063.70
 
  
 
 
 
 

GOLD



 GOLD 1210

Gold between deflation & Dollar hike

market managed to activate more drop pressure over Gold after FOMC rate projections for rising interest rate next year

while economic data from Europe and Japan showing slow down which may cause more deflation in prices which will affect Gold for more drop also next year

market managed to spark rebound correction as expected , where market managed to head to break above 1182 resistance zone

while the break above 1182 may activate short-run rebound correction toward 1230-35 zone , already done, as we advised before

market managed last week and finally to continue our projection path toward 1230-35 , which provided good zone to short-sell market , while as long as market holding trades below 1255 the downtrend pressure will back over the gold with first target toward 1195-1200 zone , already done

above 1255 market may sustain advance toward 1280-85 zone

short-run

market over the short-run showing ability for trading zone between 1185 - 1225 zone , be careful that market still holding ability for another rebound to test 1240-45 zone , its just a chance not a must

below 1185 expect 1150-55 zone


Long-Run
long-run downtrend wave that we advise last year still targeting 1100 , where as long as market holding trades below 1255 the target will remain toward 1100


Daily Trend: Up
Weekly Trend: Down


 
 
 
  SUPPORTRESISTANCE
 LEVEL111851221-25
 LEVEL211751235
 LEVEL311551245-50
 
  
 
 
 
 

Dow Jones



 Dow Jones: 17485

Equity demand

Global Equity markets faced drop around the world , where continues drop of Oil threaten inflation for more drop , while Russian surprising rate hike placed demand for haven

Short-run

market managed to fell below 17200 support zone which added more drop over equity , where market anticipate Fed to head next year for rate hike

as long as market holding trades above 17000 a rebound correction may be expected toward 17700 zone , below 17000 expect 16600-700 zone

market managed to sustain rebound where facing now resistance at 17500 zone , while above this zone expect 17650-700 zone target




Long-Run

as we mentioned at the end of last year and early this year , Dow managed to head toward near 18000 by the end of this year


Daily Trend: Down
Weekly Trend: Up
 
 
 
  SUPPORTRESISTANCE
 LEVEL11720017500
 LEVEL21697517650-700
 LEVEL31670017765
 
Orbex
Broj poruka : 17
Points : 1384
Date of Entry : 2014-01-09
Godina : 27

Re: Daily Market Report

on Mon Dec 22, 2014 1:48 pm

EUR/USD

 EUR/USD

1.2250

EURO on trading zone

As we see over the chart, market still holding trades inside downtrend channel which still providing drop pressure over the pair

Short-run

market managed to sustain drop toward 1.2220 last friday , while market still holding short-run trading zone between 1.2160 - 1.2560 for the end of this year

market facing resistance at 1.2300 and 1.2370 which as long as market holding trades below this level the downtrend will sustain toward 1.2180 and 1.2135 , while above 1.2370 market may hold short-run trades between 1.2160 - 1.2560

market facing good support at 1.2040 , where as long as market holding trades above this zone a rebound correction may be able to hit the market over the med-term

below 1.2040 market will face the Old support zone of 1.1875


Daily Trend: Down
Weekly Trend: Down
 
 
 
  SUPPORTRESISTANCE
 LEVEL11.2160-801.2300
 LEVEL21.21351.2370
 LEVEL31.20401.2480
 
  
 
 
 
 

GBP/USD

 GBP/USD: 1.5615

Pound on trading zone

As we advised before, market managed to jump above 1.5625 which allowed farther rebound correction where market managed to hit our target 1.5700-20 zone

market now facing resistance at 1.5685 and 1.5785

as long as market holding trades below 1.5825 the downtrend pressure will sustain , while above 1.5875 the indicators will start to show uptrend pressure

short-run

Market may provide good zone for short-sell around 1.5770-90, already done , while as long as market holding trades below 1.5875 the downtrend wave will sustain toward 1.5380

so far short-run trading zone still holding between 1.5540 - 1.5875 , while as long as market holding trades below 1.5875 the downtrend wave will sustain

below 1.5540 expect 1.5380 zone


Med-term
as long as market holding trades below 1.5875 the downtrend wave will sustain where targets will sustain toward 1.5380 zone


Daily Trend: Down
Weekly Trend: Down
 
 
 
  SUPPORTRESISTANCE
 LEVEL11.56051.5680
 LEVEL21.55401.5785
 LEVEL31.53801.5825
 
  
 
 
 
 

USD/JPY

 USD/JPY: 119.80

Japanese Yen on uptrend wave

Short-run

As we advised before, market managed to hit below 118.00 levels which may activate farther drop later toward 115.00-50 zone

market managed to test the doors of 115.50 before rebounding while market still facing resistance zone at 119.55-95

market still trying to build a base for farther advance over the med-term , where market face 115.00-50 OR 113.80 may be the base of the coming uptrend wave

the coming short-run trading zone may have big range deviate between 113.00 - 124.00 zone , where 115.00-50 and 113.00-80 would consider as good zone to re-long-buy the market


Long-Run
as long as market holding trades above 100.60 the long-run uptrend wave will sustain this year


Daily Trend: Up
Weekly Trend: Up
 
 
 
  SUPPORTRESISTANCE
 LEVEL1117.75119.95
 LEVEL2116.95121.00
 LEVEL3116.25121.85
 
  
 
 
 
 

Crude Oil

 Oil (G5) 57.60

Oil tumble after OPEC decision with no supply cut

Oil prices sustain drop after OPEC meeting where countries agree that no supply cut action

Market managed to add more drop pressure after the International Energy Agency predicting the lowest demand growth since 2009

Market still holding drop pressure over WTI where Global economic slowdown with reducing expected Oil demand add more drop pressure, where Japanese data show depend recession which indicating reduce demand for Oil

Short-run

market managed to add more drop over Oil prices after the last forecast cut from IEA , where as long as market holding trades below 63.70 a farther drop would be expected over the med-run toward 50.00 levels

so far market moving inline with our expectation where managed last week to hit 53.90 low , while target still toward 50.00

market now facing trading zone between 53.90 - 59.25 , while above 59.25 market may sustain rebound to test 63.50-70 zone

as long as market holding trades below 63.70 expect target toward 50.00


Daily Trend: Down
Weekly Trend: Down

 
 
 
  SUPPORTRESISTANCE
 LEVEL156.0059.20
 LEVEL254.5559.75
 LEVEL353.9063.50-70
 
  
 
 
 
 

GOLD

 GOLD 1197

Gold between deflation & Dollar hike

market managed to activate more drop pressure over Gold after FOMC rate projections for rising interest rate next year

while economic data from Europe and Japan showing slow down which may cause more deflation in prices which will affect Gold for more drop also next year

market managed to spark rebound correction as expected , where market managed to head to break above 1182 resistance zone

while the break above 1182 may activate short-run rebound correction toward 1230-35 zone , already done, as we advised before

market managed this month to continue our projection path toward 1230-35 , which provided good zone to short-sell market , while as long as market holding trades below 1255 the downtrend pressure will back over the gold with first target toward 1195-1200 zone , already done

above 1255 market may sustain advance toward 1280-85 zone

short-run

market over the short-run showing ability for trading zone between 1185 - 1225 zone , be careful that market still holding ability for another rebound to test 1240-45 zone , its just a chance not a must

below 1185 expect 1150-55 zone


Long-Run
long-run downtrend wave that we advise last year still targeting 1100 , where as long as market holding trades below 1255 the target will remain toward 1100


Daily Trend: Up
Weekly Trend: Down


 
 
 
  SUPPORTRESISTANCE
 LEVEL111851221-25
 LEVEL211751235
 LEVEL311551245-50
 
  
 
 
 
 

Dow Jones

 Dow Jones: 17810

Equity demand

Global Equity markets faced drop around the world , where continues drop of Oil threaten inflation for more drop , while Russian surprising rate hike placed demand for haven

market managed to fell below 17200 support zone which added more drop over equity , where market anticipate Fed to head next year for rate hike

as long as market holding trades above 17000 a rebound correction may be expected toward 17700 zone , below 17000 expect 16600-700 zone


Short-run

market managed to sustain rebound where managed to hit our target 17700 , while managed last friday to sustain advance over future contract toward 17845

market may head for another drop correction where short-run still seeing trading zone between 17000 - 18100




Long-Run

as we mentioned at the end of last year and early this year , Dow managed to head toward near 18000 by the end of this year


Daily Trend: Down
Weekly Trend: Up
 
 
 
  SUPPORTRESISTANCE
 LEVEL11764017845
 LEVEL217500-2017980
 LEVEL31736018100
Orbex
Broj poruka : 17
Points : 1384
Date of Entry : 2014-01-09
Godina : 27

Re: Daily Market Report

on Mon Dec 29, 2014 7:45 pm

12.29.2014

EUR/USD

 EUR/USD

1.2200

EURO on trading zone

As we see over the chart, market still holding trades inside downtrend channel which still providing drop pressure over the pair

Short-run

market managed to sustain drop toward 1.2165 last week , while market still holding short-run trading zone between 1.2160 - 1.2560 for the end of this year

market facing resistance at 1.2300 and 1.2370 which as long as market holding trades below this level the downtrend will sustain toward 1.2135 , while above 1.2370 market may hold short-run trades between 1.2160 - 1.2560

market facing good support at 1.2040 , where as long as market holding trades above this zone a rebound correction may be able to hit the market over the med-term

below 1.2040 market will face the Old support zone of 1.1875


Daily Trend: Down
Weekly Trend: Down
 
 
 
  SUPPORTRESISTANCE
 LEVEL11.21601.2300
 LEVEL21.21351.2370
 LEVEL31.20401.2480
 
  
 
 
 
 

GBP/USD

 GBP/USD: 1.5570

Pound on trading zone

market still holding short-run trading zone for the end of this year

market now facing resistance at 1.5685 and 1.5785

as long as market holding trades below 1.5825 the downtrend pressure will sustain , while above 1.5875 the indicators will start to show uptrend pressure

short-run

Market managed to offer good opportunity to short-sell around 1.5770-90, already done , while as long as market holding trades below 1.5875 the downtrend wave will sustain toward 1.5380

market managed to fell below 1.5540 indicating the continues pressure toward 1.5380 , while resistance now lying at 1.5600 and 1.5660



Med-term
as long as market holding trades below 1.5875 the downtrend wave will sustain where targets will sustain toward 1.5380 zone


Daily Trend: Down
Weekly Trend: Down
 
 
 
  SUPPORTRESISTANCE
 LEVEL11.54851.5600
 LEVEL21.53801.5680
 LEVEL31.52501.5735
 
  
 
 
 
 

USD/JPY

 USD/JPY: 120.35

Japanese Yen on uptrend wave

Short-run

As we advised before, market managed to hit below 118.00 levels which may activate farther drop later toward 115.00-50 zone

market managed to test the doors of 115.50 before rebounding while market managed to jump above resistance 119.95

market still trying to build a base for farther advance over the med-term , where market face 115.00-50 OR 113.80 which may be the base of the coming uptrend wave

the coming short-run trading zone may have big range deviate between 113.00 - 124.00 zone , where 115.00-50 and 113.00-80 would consider as good zone to re-long-buy the market


Long-Run
as long as market holding trades above 100.60 the long-run uptrend wave will sustain this year


Daily Trend: Up
Weekly Trend: Up
 
 
 
  SUPPORTRESISTANCE
 LEVEL1120.00121.00
 LEVEL2119.00121.85
 LEVEL3118.25122.80
 
  
 
 
 
 

Crude Oil

 Oil (G5) 55.15

Oil tumble after OPEC decision with no supply cut

Oil prices sustain drop after OPEC meeting where countries agree that no supply cut action

Market managed to add more drop pressure after the International Energy Agency predicting the lowest demand growth since 2009

Market still holding drop pressure over WTI where Global economic slowdown with reducing expected Oil demand add more drop pressure, where Japanese data show depend recession which indicating reduce demand for Oil

Short-run

market managed to add more drop over Oil prices after the last forecast cut from IEA , where as long as market holding trades below 63.70 a farther drop would be expected over the med-run toward 50.00 levels

so far market moving inline with our expectation where managed to hit 53.90 low , while target still toward 50.00

market now facing trading zone between 53.90 - 59.25 , while above 59.25 market may sustain rebound to test 63.50-70 zone

as long as market holding trades below 63.70 expect target toward 50.00


Daily Trend: Down
Weekly Trend: Down

 
 
 
  SUPPORTRESISTANCE
 LEVEL154.5556.55
 LEVEL253.9057.50
 LEVEL352.0058.50
 
  
 
 
 
 

GOLD

 GOLD 1193

Gold between deflation & Dollar hike

market managed to activate more drop pressure over Gold after FOMC rate projections for rising interest rate next year

while economic data from Europe and Japan showing slow down which may cause more deflation in prices which will affect Gold for more drop also next year

while the break above 1182 this month managed to activate short-run rebound correction toward 1230-35 zone , as we advised before

market managed this month to continue our projection path toward 1230-35 , which provided good zone to short-sell market , while as long as market holding trades below 1255 the downtrend pressure will back over the gold with first target toward 1195-1200 zone , already done


short-run

market managed to hit 1171 low last week before rebound toward resistance 1195-97 zone , while as long as the daily close sustain below 1202 the short-run downtrend movement will sustain toward 1155-60 zone

any daily close above 1202 may activate farther rebound correction toward 1218-20 zone


Long-Run
long-run downtrend wave that we advise last year still targeting 1100 , where as long as market holding trades below 1255 the target will remain toward 1100


Daily Trend: Up
Weekly Trend: Down


 
 
 
  SUPPORTRESISTANCE
 LEVEL11180-851202
 LEVEL211701218-20
 LEVEL31155-601235
 
  
 
 
 
 

Dow Jones

 Dow Jones: 17970

Equity demand


Dow managed to hit zone of 18000-100 last week which provided good zone to re-short-sell market

as long as market holding trades below 18100 will expect some drop pressure to start affecting market where another drop correction toward 17200 may be expected

market may hold short-run trading zone between 17000 - 18100

above 18100 market may head to test 18250 zone




Long-Run

as we mentioned at the end of last year and early this year , Dow managed to head toward near 18000 by the end of this year


Daily Trend: Down
Weekly Trend: Up
 
 
 
  SUPPORTRESISTANCE
 LEVEL11789518050
 LEVEL21778018100
 LEVEL31768518250
 
Orbex
Broj poruka : 17
Points : 1384
Date of Entry : 2014-01-09
Godina : 27

Re: Daily Market Report

on Tue Jan 06, 2015 4:44 pm

Analysis


 
 
 

EUR/USD



 EUR/USD

1.1900

EURO on Downward Breakout


Short-run

market managed to hit 1.1870 low while market is expected to continue it down trend breakout after Draghi Comment.

market managed to sustain trades below 1.2040 resistance zone , where as long as market holding trades below this level the downtrend pressure will sustain

short-run still showing downtrend pressure where market managed to hit below 1.1875 zone which indicating the ability for market to head for testing 1.1650-90 zone

as long as market holding trades below 1.2040 expect 1.1650-90 zone


Daily Trend: Down
Weekly Trend: Down
 
 
 
  SUPPORTRESISTANCE
 LEVEL11.18751.2040
 LEVEL21.17801.2105
 LEVEL31.1650-901.2160
 
  
 
 
 
 

GBP/USD



 GBP/USD: 1.5185

Pound under drop pressure


market managed to sustain drop where managed last week to hit our target toward 1.5380

market sustin drop below this target where as we see over the chart market facing support trend around 1.5125-45 zone

as long as market holding daily close above 1.5125 the ability for short-run to obtain rebound correction will sustain

below 1.5125 market may enter new downtrend wave which may target 1.4800 and lower

first resistance at 1.5340 where as long as market holding trades below this level the downtrend pressure will sustain


Daily Trend: Down
Weekly Trend: Down
 
 
 
  SUPPORTRESISTANCE
 LEVEL11.5125-451.5340
 LEVEL21.50001.5460
 LEVEL31.49251.5575
 
  
 
 
 
 

USD/JPY



 USD/JPY: 118.85

Japanese Yen on uptrend wave


Short-run

market managed to obtain drop correction after testing resistance level of 120.80 , while market still holding trades above support 118.85 zone

as long as market holding trades above 118.85 the short-run uptrend movement will sustain , while below 118.85 market may activate drop movement toward 116.50 and 113.80 levels

market still trying to build a base for farther advance over the med-term , where market face 115.00-50 OR 113.80 which may be the base of the coming uptrend wave

the coming short-run trading zone may have big range deviate between 113.00 - 124.00 zone , where 113.00-80 would consider as good zone to re-long-buy the market


Long-Run

as long as market holding trades above 100.60 the long-run uptrend wave will sustain this year


Daily Trend: Up
Weekly Trend: Up
 
 
 
  SUPPORTRESISTANCE
 LEVEL1118.85120.80
 LEVEL2118.25121.85
 LEVEL3117.50122.80
 
  
 
 
 
 

Crude Oil



 Oil (G5) 49.20

Oil tumble after OPEC decision with no supply cut

Oil prices sustain drop after OPEC meeting where countries agree that no supply cut action

Market managed to add more drop pressure after the International Energy Agency predicting the lowest demand growth since 2009

Market still holding drop pressure over WTI where Global economic slowdown with reducing expected Oil demand add more drop pressure


Short-run

market managed to add more drop over Oil prices after the last forecast cut from IEA , where as long as market holding trades below 63.70 a farther drop would be expected over the med-run toward 50.00 levels which already done yesterday


market managed today to break below 50.00 which may construct new downtrend movement , where as long as market holding trades below 52.50 the downtrend will sustain where 40.00 levels will be possible target


Daily Trend: Down
Weekly Trend: Down

 
 
 
  SUPPORTRESISTANCE
 LEVEL148.8050.80
 LEVEL247.5052.50
 LEVEL346.0053.90
 
  
 
 
 
 

GOLD



 GOLD 1210

Gold between deflation & Dollar hike

market managed to activate more drop pressure over Gold after FOMC rate projections for rising interest rate as soon as this April

while economic data from Europe and Japan showing slow down which may cause more deflation in prices which will affect Gold for more drop also this year year

market managed to obtain yearly close of 2014 below 1200 which holding the drop pressure over gold



short-run

market managed to hit above 1210 zone while as we see over the chart market faced the downtrend swing around 1215 which consider as resistance zone now

above 1215 market will show ability for farther advance toward 1225 and 1235 , while as long as market holding trades below 1215 the risk for drop correction will sustain


Long-Run

long-run downtrend wave that we advise last 2 years still targeting 1100 , where as long as market holding trades below 1255 the target will remain toward 1100


Daily Trend: Up
Weekly Trend: Down


 
 
 
  SUPPORTRESISTANCE
 LEVEL111861215
 LEVEL211671225
 LEVEL311501235
 
  
 
 
 
 

Dow Jones



 Dow Jones: 17435

Equity on trading zone


Dow managed to hit zone of 18000-100 last year which provided good zone to re-short-sell market as we advised before

as long as market holding trades below 18100 will expect some drop pressure to start affecting market where another drop correction toward 17200 may be expected

market may hold short-run trading zone between 17000 - 18100

zone of 17160 will consider good zone to re-long-buy market

above 18100 market may head to test 18250 zone




Long-Run

as we mentioned at the end of 2013 , Dow managed to head toward near 18000 by the end of 2014


Daily Trend: Down
Weekly Trend: Up
 
 
 
  SUPPORTRESISTANCE
 LEVEL11737017795
 LEVEL21725017880
 LEVEL31715017975

Orbex
Broj poruka : 17
Points : 1384
Date of Entry : 2014-01-09
Godina : 27

Re: Daily Market Report

on Thu Mar 05, 2015 2:41 pm


EUR/USD Intraday: the downside prevails.
Pivot: 1.115

Our preference: Short positions below 1.115 with targets @ 1.102 & 1.0985 in extension.

Alternative scenario: Above 1.115 look for further upside with 1.1185 & 1.121 as targets.

Comment: The pair has broken below its previous low and remains on the downside.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

USD/CHF Intraday: the upside prevails.
Pivot: 0.958

Our preference: Long positions above 0.958 with targets @ 0.967 & 0.9705 in extension.

Alternative scenario: Below 0.958 look for further downside with 0.953 & 0.9495 as targets.

Comment: The RSI is well directed.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

GBP/USD Intraday: under pressure.
Pivot: 1.5335

Our preference: Short positions below 1.5335 with targets @ 1.5215 & 1.519 in extension.

Alternative scenario: Above 1.5335 look for further upside with 1.537 & 1.54 as targets.

Comment: The pair has broken below its previous supprot and should face further weakness.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

Dow Jones (CBT) (H5) Intraday: consolidation.
Pivot: 18200

Our preference: Short positions below 18200 with targets @ 17980 & 17940 in extension.

Alternative scenario: Above 18200 look for further upside with 18270 & 18310 as targets.

Comment: As long as 18200 is resistance, look for choppy price action with a bearish bias.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

Gold spot Intraday: under pressure.
Pivot: 1209

Our preference: Short positions below 1209 with targets @ 1195 & 1190.1 in extension.

Alternative scenario: Above 1209 look for further upside with 1214.75 & 1219.9 as targets.

Comment: As long as 1209 is resistance, likely decline to 1195.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

Crude Oil (NYMEX) (J5) Intraday: supported by a rising trend line.
Pivot: 49.6

Our preference: Long positions above 49.6 with targets @ 52.4 & 53.1 in extension.

Alternative scenario: Below 49.6 look for further downside with 48.7 & 47.8 as targets.

Comment: The RSI is mixed to bullish.
 
Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced
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