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Technical Analysis
Daily Technical by AAATrade
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[QUOTE="AAATrade, post: 95363, member: 36114"] Technical Analysis for 14/01/2016 *All the charts are 30M charts with daily pivot points. [B][U]AUD/USD [IMG]http://i66.tinypic.com/117h095.png[/IMG] [/U][/B] [B]Market Scenario 1: [/B]Long positions above 0.6984 with targets @ 0.7019 & 0.7083 [B]Market Scenario 2: [/B]Short positions below 0.6984 with targets @ 0.6920 & 0.6885 [B]Comment: [/B]Having broken through the First Resistance level and on the way to the second one, Aussie came under selling pressure and was sent below Pivot Point level, closing the session at 0.6956 US Dollars per 1 Australian Dollar. Today the pair continues trading under pressure below Pivot Point level. [B]Supports and Resistances:[/B] R3 0.7118 R2 0.7083 R1 0.7019 PP 0.6984 S1 0.6920 S2 0.6885 S3 0.6821 [B][U]EUR/JPY [IMG]http://i64.tinypic.com/33naziv.png[/IMG] [/U][/B] [B]Market Scenario 1: [/B]Long positions above 128.05 with targets @ 128.46 & 128.95 [B]Market Scenario 2: [/B]Short positions below 128.05 with targets @ 127.56 & 127.15 [B]Comment: [/B]European currency managed to close yesterday’s session against Japanese Yen in positive territory, for the first time in four sessions. Today the pair is trading with positive bias having broken through the Pivot Point level and aiming to test the First Resistance level. [B]Supports and Resistances:[/B] R3 129.36 R2 128.95 R1 128.46 PP 128.05 S1 127.56 S2 127.15 S3 126.66 [B][U]EUR/USD [IMG]http://i64.tinypic.com/30rveyc.png[/IMG] [/U][/B] [B]Market Scenario 1: [/B]Long positions above 1.0855 with targets @ 1.0907 & 1.0938 [B]Market Scenario 2: [/B]Short positions below 1.0855 with targets @ 1.0824 & 1.0772 [B]Comment: [/B]European currency was traded firm against US Dollar during yesterday’s session closing the day with 30 pips profit. Today euro continues appreciating against US Dollar trading close to the first Resistance level. [B]Supports and Resistances:[/B] R3 1.0990 R2 1.0938 R1 1.0907 PP 1.0855 S1 1.0824 S2 1.0772 S3 1.0741 [B][U]GBP/JPY [IMG]http://i67.tinypic.com/ics9k2.png[/IMG] [/U][/B] [B]Market Scenario 1: [/B]Long positions above 170.10 with targets @ 170.70 & 171.89 [B]Market Scenario 2: [/B]Short positions below 170.10 with targets @ 168.91 & 168.31 [B]Comment: [/B]Sterling continues trading close to its lowest level against Japanese Yen, closing yesterday’s session on the negative territory. Today Sterling reached its lowest level at ¥168.77, however, managed to find support and now trading close to the Pivot Point level. [B]Supports and Resistances:[/B] R3 172.49 R2 171.89 R1 170.70 PP 170.10 S1 168.91 S2 168.31 S3 167.12 [B][U]GBP/USD [IMG]http://i66.tinypic.com/nmwx1v.png[/IMG] [/U][/B] [B]Market Scenario 1: [/B]Long positions above 1.4420 with targets @ 1.4460 & 1.4460 [B]Market Scenario 2: [/B]Short positions below 1.4420 with targets @ 1.4364 & 1.4324 [B]Comment: [/B]Sterling was trading calmly against US Dollar, closing yesterday’s session with almost no change. Today GBPUSD continues trading in the range slightly above Pivot point level. [B]Supports and Resistances:[/B] R3 1.4556 R2 1.4516 R1 1.4460 PP 1.4420 S1 1.4364 S2 1.4324 S3 1.4268 [B][U]USD/JPY[/U][/B] [IMG]http://i65.tinypic.com/2cyk789.png[/IMG] [B]Market Scenario 1: [/B]Long positions above 117.89 with targets @ 118.16 & 118.63 [B]Market Scenario 2: [/B]Short positions below 117.89 with targets @ 117.42 & 117.15 [B]Comment:[/B] During yesterday’s session US Dollar managed to break through the first Resistance level and half way to the second one came under selling pressure and was sent below Pivot Point level, closing the session in negative territory. Today USDJPY has been very volatile, however, neither bull, nor bears succeeded in pushing the pair either direction. [B]Supports and Resistances:[/B] R3 118.90 R2 118.63 R1 118.16 PP 117.89 S1 117.42 S2 117.15 S3 116.68 [B][U]GOLD [IMG]http://i67.tinypic.com/bg5nh0.png[/IMG] [/U][/B] [B]Market Scenario 1: [/B]Long positions above 1089.31 with targets @ 1099.08 & 1105.11 [B]Market Scenario 2: [/B]Short positions below 1089.31 with targets @ 1083.28 & 1073.51 [B]Comment: [/B]After three consecutive trading days of losses, gold managed during yesterday’s session to close the day in profit. Today gold is trading slightly under pressure, albeit above Pivot point level. [B]Supports and Resistances:[/B] R3 1120.91 R2 1105.11 R1 1099.08 PP 1089.31 S1 1083.28 S2 1073.51 S3 1057.71 [B][U]CRUDE OIL [IMG]http://i65.tinypic.com/2ilbjfa.png[/IMG] [/U][/B] [B]Market Scenario 1: [/B]Long positions above 30.77 with targets @ 31.46 & 32.38 [B]Market Scenario 2: [/B]Short positions below 30.77 with targets @ 29.85 & 29.16 [B]Comment:[/B] Crude oil during yesterday’s session tried to break through the Pivot Point level and the First Resistance level, however, being unable to sustain the selling pressure retreated by the end of the day to its opening price. Today Crude oil is trading positively and have already broken through the Pivot Point level. [B]Supports and Resistances:[/B] R3 33.99 R2 32.38 R1 31.46 PP 30.77 S1 29.85 S2 29.16 S3 27.55 [B][U]USD/RUB [IMG]http://i65.tinypic.com/f1mged.png[/IMG] [/U][/B] [B]Market Scenario 1: [/B]Long positions above 75.36 with targets @ 76.04 & 76.83 [B]Market Scenario 2: [/B]Short positions below 75.36 with targets @ 74.57 & 73.89 [B]Comment: [/B]US Dollar has been trading in the range against Russian Rubble for couple of days amid lack of price change in Crude oil. [B]Supports and Resistances:[/B] R3 78.30 R2 76.83 R1 76.04 PP 75.36 S1 74.57 S2 73.89 S3 72.42 [I]The purpose of this risk disclaimer is to inform users of the potential financial risks involved in trading in foreign currencies. The transaction or operations in the Forex or fx markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions. Trading may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital.[/I] [/QUOTE]
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