Intermarket Weekly Analysis
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Commodities, Indices, Forex 07/17/2016
S&P 500 USA Stock market Index
S&P500 is in an uptrend and acording to Pitchfork channel move into 2300 is not excluded.
DAX German Stock market Index
Is retesting 10000 broken wedge line and 34 SMA. Move into 10300 is not excluded.
XAUUSD – GOLD
Gold broke 1320 level 200 SMA and the long term falling line. This is now support and Gold could bounce higher from here.
EURUSD
EURUSD is bouncing from 1.09410. A close above 1.11000 would lead to a test of 1.12000 and higher.
USDJPY
USDJPY is retesting support zone 106.600-108.600
GBPUSD
GBPUSD is making a hammer on a weekly and a break above 1.3600 could lead to retracement all the way to 1.3800.
AUDUSD
AUDUSD is testing 0.7700 and it could extend upside in a case of a break.
S&P 500 USA Stock market Index
S&P500 is in an uptrend and acording to Pitchfork channel move into 2300 is not excluded.
DAX German Stock market Index
Is retesting 10000 broken wedge line and 34 SMA. Move into 10300 is not excluded.
XAUUSD – GOLD
Gold broke 1320 level 200 SMA and the long term falling line. This is now support and Gold could bounce higher from here.
EURUSD
EURUSD is bouncing from 1.09410. A close above 1.11000 would lead to a test of 1.12000 and higher.
USDJPY
USDJPY is retesting support zone 106.600-108.600
GBPUSD
GBPUSD is making a hammer on a weekly and a break above 1.3600 could lead to retracement all the way to 1.3800.
AUDUSD
AUDUSD is testing 0.7700 and it could extend upside in a case of a break.
Chart of The Day 07-18-2016 $NZDUSD
On the NZDUSD chart we see a test of a Pitchfork up channel median line and 100 SMA test 0.7112 level. Bounce would lead to 0.7400 higher.
On the NZDUSD chart we see a test of a Pitchfork up channel median line and 100 SMA test 0.7112 level. Bounce would lead to 0.7400 higher.
Intraday tradable levels for Majors
Intraday Levels Level for reversal up Level for reversal down Breakaway support Breakaway resistance
EURUSD 1.12000 1.0900 1.10200 1.14950
GBPUSD 1.3510 1.3100 1.404 1.4565
AUDUSD 0.7750 0.7430 0.73 0.7750
NZDUSD 0.7260 0.7040 0.657 0.6970
USDJPY 106.600 103.200 107.300 114.6
USDCHF 0.9850 0.9760 0.94 1
EURGBP 0.8450 0.8220 0.77 0.8120
USDCAD 1.3040 1.2830 1.2450 1.3370
Intraday Levels Level for reversal up Level for reversal down Breakaway support Breakaway resistance
EURUSD 1.12000 1.0900 1.10200 1.14950
GBPUSD 1.3510 1.3100 1.404 1.4565
AUDUSD 0.7750 0.7430 0.73 0.7750
NZDUSD 0.7260 0.7040 0.657 0.6970
USDJPY 106.600 103.200 107.300 114.6
USDCHF 0.9850 0.9760 0.94 1
EURGBP 0.8450 0.8220 0.77 0.8120
USDCAD 1.3040 1.2830 1.2450 1.3370
Chart of The Day 07-19-2016 $EURJPY
On the EURJPY chart we see a bounce from support zone and we expect a test of 120-122 zone higher. It is the strongest resistance on the upside and a possible turning point.
On the EURJPY chart we see a bounce from support zone and we expect a test of 120-122 zone higher. It is the strongest resistance on the upside and a possible turning point.
Majors 07/19/2016
EURUSD
Supported from 1.10000 level and squeezed for a move. SL on longs should be below 1.09000
GBPUSD
Consolidating below 1.3200 and seems to be making Inverse H&S pattern. SL on longs should be below 1.3100
USDCAD
Still in an triangle which is poised to break. We expect a downside triangle break. SL on shorts above 1.3100.
AUDUSD
Testing support 0.7380-0.7460 zone for a possible bounce higher. SL on longs below 0.7350.
EURUSD
Supported from 1.10000 level and squeezed for a move. SL on longs should be below 1.09000
GBPUSD
Consolidating below 1.3200 and seems to be making Inverse H&S pattern. SL on longs should be below 1.3100
USDCAD
Still in an triangle which is poised to break. We expect a downside triangle break. SL on shorts above 1.3100.
AUDUSD
Testing support 0.7380-0.7460 zone for a possible bounce higher. SL on longs below 0.7350.
Indices, Commodities and Forex Special Situations 07/19/2016
We have interesting situation on a weekly USDJPY chart.
200 SMA (BLUE LINE) broken on 06/10/2016 to downside, for the first time from the upside break on 12/28/2012, is being retested now 106.711 level which is also 61.8% Fibo level of the last swing down, and a 38.2% Fibbo level of 2012-2015 move up. This confluence is highly significant and in this case we need to wait for the weekly close to see will it close above or below and with what candle to determine and trade next medium term in the pair. Consider not taking actions before Monday because we could see some false moves.
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We have interesting situation on a weekly USDJPY chart.
200 SMA (BLUE LINE) broken on 06/10/2016 to downside, for the first time from the upside break on 12/28/2012, is being retested now 106.711 level which is also 61.8% Fibo level of the last swing down, and a 38.2% Fibbo level of 2012-2015 move up. This confluence is highly significant and in this case we need to wait for the weekly close to see will it close above or below and with what candle to determine and trade next medium term in the pair. Consider not taking actions before Monday because we could see some false moves.
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Chart of The Day 07-20-2016 $USDCAD
On the USDCAD chart we see a rising wedge within a triangle and a triangle borders now are 1.3080 upper and 1.2900 lower. If this wedge would be broken to downside this will lead to a test of 1.2900 and possible downside break.
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On the USDCAD chart we see a rising wedge within a triangle and a triangle borders now are 1.3080 upper and 1.2900 lower. If this wedge would be broken to downside this will lead to a test of 1.2900 and possible downside break.
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Chart of The Day 07-21-2016 $GBPUSD
On the GBPUSD chart we see a possible Inverse H&S formation and it needs a break and close above 1.3300 to be confirmed.
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On the GBPUSD chart we see a possible Inverse H&S formation and it needs a break and close above 1.3300 to be confirmed.
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Chart of The Day 07-22-2016 $DAX
On the DAX chart we see a bounce from support for a possible another test of falling TL and 10500 level higher. Invalidation below 9700.
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On the DAX chart we see a bounce from support for a possible another test of falling TL and 10500 level higher. Invalidation below 9700.
Medium term Trade alerts, Intraday trade alerts, Intraday tradable levels for majors, NY session tech analysis, Intraday charts
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Indices, Commodities and Forex Special Situations 07/24/2016
S&P 500 USA Stock market Index
S&P500 is in an uptrend and acording to Pitchfork channel move into 2300 is not excluded. Break of 2200 seems imminent.
DAX German Stock market Index
Is retesting 10000 broken wedge line and 34 SMA. Move into 10300 is not excluded after break of 10150.
XAUUSD – GOLD
Gold broke 1320 level 200 SMA and the long term falling line. This is now support and Gold could bounce higher from here. Nice support for an upside extension here.
EURUSD
EURUSD is bouncing from again from 1.09410. A close above 1.11000 would lead to a test of 1.12000 and higher.
USDJPY
USDJPY is retesting support zone 106.600-108.600 and we have a little rejection but without confirmation still for extended downside.
GBPUSD
GBPUSD weekly hammer survived without breaching and pair is bouncing from 61.8% for an extended move higher
AUDUSD
AUDUSD is testing strong support zone 0.7380-0.7462 for bounce higher
Medium term Trade alerts, Intraday trade alerts, Intraday tradable levels for majors, NY session tech analysis, Intraday charts
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S&P 500 USA Stock market Index
S&P500 is in an uptrend and acording to Pitchfork channel move into 2300 is not excluded. Break of 2200 seems imminent.
DAX German Stock market Index
Is retesting 10000 broken wedge line and 34 SMA. Move into 10300 is not excluded after break of 10150.
XAUUSD – GOLD
Gold broke 1320 level 200 SMA and the long term falling line. This is now support and Gold could bounce higher from here. Nice support for an upside extension here.
EURUSD
EURUSD is bouncing from again from 1.09410. A close above 1.11000 would lead to a test of 1.12000 and higher.
USDJPY
USDJPY is retesting support zone 106.600-108.600 and we have a little rejection but without confirmation still for extended downside.
GBPUSD
GBPUSD weekly hammer survived without breaching and pair is bouncing from 61.8% for an extended move higher
AUDUSD
AUDUSD is testing strong support zone 0.7380-0.7462 for bounce higher
Medium term Trade alerts, Intraday trade alerts, Intraday tradable levels for majors, NY session tech analysis, Intraday charts
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On the USDJPY chart we see a bounce from support for a possible another test of 108.300 level 100 SMA (RED LINE).
Medium term Trade alerts, Intraday trade alerts, Intraday tradable levels for majors, NY session tech analysis, Intraday charts
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Medium term Trade alerts, Intraday trade alerts, Intraday tradable levels for majors, NY session tech analysis, Intraday charts
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Chart of The Day 07-26-2016 $AUDUSD
On the AUDUSD chart we see a bounce from support 0.7350-0.7450 zone and 34 SMA (GREEN LINE) for an upside move into 0.7640 again.
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On the AUDUSD chart we see a bounce from support 0.7350-0.7450 zone and 34 SMA (GREEN LINE) for an upside move into 0.7640 again.
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Chart of The Day 07-27-2016 $USDCHF
On the USDCHF chart we see a rising wedge, usually bearish formation, just below important 0.9950 resistance. Break above 0.9950 is required for upside momentum. Below 0.9850 downside is open.
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On the USDCHF chart we see a rising wedge, usually bearish formation, just below important 0.9950 resistance. Break above 0.9950 is required for upside momentum. Below 0.9850 downside is open.
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Chart of The Day 07-28-2016 $USDCAD
On the USDCAD chart we see that it is back in triangle and targeting 1.2950 below 1.3130. We had a false break and this could not count as a retest because it is to early.
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On the USDCAD chart we see that it is back in triangle and targeting 1.2950 below 1.3130. We had a false break and this could not count as a retest because it is to early.
Medium term Trade alerts, Intraday trade alerts, Intraday tradable levels for majors, NY session tech analysis, Intraday charts
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Chart of The Day 07-29-2016 $EURGBP
On the EURGBP chart we see a bounce from support zone 0.8150-0.8300 and possible extension to new highs in the coming days and weeks.
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On the EURGBP chart we see a bounce from support zone 0.8150-0.8300 and possible extension to new highs in the coming days and weeks.
Medium term Trade alerts, Intraday trade alerts, Intraday tradable levels for majors, NY session tech analysis, Intraday charts
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Chart of The Day $AUDUSD 08-01-2016
On the AUDUSD weekly chart we see a bounce from median of lower pitchfork channel to median of the whole channel for a test of upside momentum and complete reversal of medium term bear trend. We need a break above 0.7700 for this.
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On the AUDUSD weekly chart we see a bounce from median of lower pitchfork channel to median of the whole channel for a test of upside momentum and complete reversal of medium term bear trend. We need a break above 0.7700 for this.
Medium term Trade alerts, Intraday trade alerts, Intraday tradable levels for majors, NY session tech analysis, Intraday charts
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Chart of The Day $OIL 08-02-2016
On the OIL weekly chart we see touch of important 34 SMA green line 39.76$ level also near 50 % Fibo retracement. Bounce from here could lead to 45$ and OIL could be making Inverse H&S formation
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On the OIL weekly chart we see touch of important 34 SMA green line 39.76$ level also near 50 % Fibo retracement. Bounce from here could lead to 45$ and OIL could be making Inverse H&S formation
Medium term Trade alerts, Intraday trade alerts, Intraday tradable levels for majors, NY session tech analysis, Intraday charts
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Chart of The Day $USDSEK 08-03-2016
On the USDSEK daily chart wee see downside break of the wedge and now we are looking at the test of the next support zone 8.38-8.41. On the weekly chart 7.87-8.71 range is in play to downside.
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On the USDSEK daily chart wee see downside break of the wedge and now we are looking at the test of the next support zone 8.38-8.41. On the weekly chart 7.87-8.71 range is in play to downside.
Medium term Trade alerts, Intraday trade alerts, Intraday tradable levels for majors, NY session tech analysis, Intraday charts
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