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Technical Analysis
Daily Technical by AAATrade
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[QUOTE="AAATrade, post: 95707, member: 36114"] Technical Analysis for 20/01/2016 *All the charts are 30M charts with daily pivot points. [B][U]AUD/USD [IMG]http://i68.tinypic.com/2qjje2q.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 0.6900 with targets @ 0.6963 0.7018 [B]Market Scenario 2: [/B]Short positions below 0.6900 with targets @ 0.6845 & 0.6782 [B]Comment: [/B]Aussie during yesterday’s session broke through the Pivot Point level and almost reached the First Resistance level against US Dollar, however, encountered selling pressure the pair retreated. Today right from the beginning of the session, bears took control over the pair managed to break through the Pivot Point level and currently testing the First Support level. [B]Supports and Resistances: [/B] R3 0.7081 R2 0.7018 R1 0.6963 PP 0.6900 S1 0.6845 S2 0.6782 S3 0.6727 [B][U]EUR/JPY [IMG]http://i63.tinypic.com/16hus92.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 128.19 with targets @ 128.66 & 129.01 [B]Market Scenario 2: [/B]Short positions below 128.19 with targets @ 127.84 & 127.37 [B]Comment: [/B]European currency during yesterday’s session rose to its recent highs against Japanese Yen close to the First Resistance level. Nonetheless, today the pair came under selling pressure and lost everything has earned during the previous session. [B]Supports and Resistances: [/B] R3 129.48 R2 129.01 R1 128.66 PP 128.19 S1 127.84 S2 127.37 S3 127.02 [B][U]EUR/USD [IMG]http://i66.tinypic.com/zlpu10.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 1.0901 with targets @ 1.0943 & 1.0981 [B]Market Scenario 2: [/B]Short positions below 1.0901 with targets @ 1.0863 & 1.0821 [B]Comment: [/B]European currency during yesterday’s session was trading positively against US Dollar, closing the day with 23 pips profit. Today the pair continues its upward move and getting closer to its level 15th of December. [B]Supports and Resistances: [/B] R3 1.1023 R2 1.0981 R1 1.0943 PP 1.0901 S1 1.0863 S2 1.0821 S3 1.0783 [B][U] GBP/JPY [IMG]http://i64.tinypic.com/2v96nio.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 167.31 with targets @ 168.29 & 170.07 [B]Market Scenario 2: [/B]Short positions below 167.31 with targets @ 165.53 & 164.55 [B]Comment: [/B]Sterling during yesterday’s session was trading negatively against Japanese Yen closing the session with 70 pips loss. Today the pair continues trading under pressure having already lost more than 120 pips and broken both Pivot point and the First Support levels. [B]Supports and Resistances: [/B] R3 171.05 R2 170.07 R1 168.29 PP 167.31 S1 165.53 S2 164.55 S3 162.77 [B][U]GBP/USD [IMG]http://i67.tinypic.com/55pabd.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 1.4208 with targets @ 1.4287 & 1.4419 [B]Market Scenario 2: [/B]Short positions below 1.4208 with targets @ 1.4076 & 1.3997 [B]Comment: [/B][COLOR=#333333]GBP after a short break during Monday’s sessions continued its downward move against US Dollar, recording a new fresh low at 1.4128, the lowest level since March 2009. Today the pair is trading calmly ahead of UK’s Average earning report and Claimant Count Change as well as new form US.[/COLOR] [B]Supports and Resistances: [/B] R3 1.4498 R2 1.4419 R1 1.4287 PP 1.4208 S1 1.4076 S2 1.3997 S3 1.3865 [B][U] [/U][/B] [B][U]USD/JPY [IMG]http://i64.tinypic.com/25ryt12.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 117.65 with targets @ 118.08 & 118.54 [B]Market Scenario 2: [/B]Short positions below 117.65 with targets @ 117.19 & 116.76 [B]Comment:[/B][COLOR=#333333] US Dollar during yesterday’s session broke through the Pivot Point level and almost reached the First Resistance level, however, encountered selling pressure the pair was sent below Pivot point level, closing the session slightly in profit. Today the pair was drastically sold off having lost more than 100 pips since the opening of the session and recording a new fresh low at 116.11 [/COLOR] [B]Supports and Resistances: [/B] R3 118.97 R2 118.54 R1 118.08 PP 117.65 S1 117.19 S2 116.76 S3 116.30 [B][U]GOLD [IMG]http://i66.tinypic.com/2119xcn.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 1087.91 with targets @ 1093.57 & 1100.02 [B]Market Scenario 2: [/B]Short positions below 1087.91 with targets @ 1081.46 & 1075.80 [B]Comment: [/B]Gold during yesterday’s session was trading flat closing the session slightly in negative territory. Today bullion gathered some strength and managed to break through Pivot Point level and the First Resistance level aiming to test the Second one. [B]Supports and Resistances: [/B] R3 1112.13 R2 1100.02 R1 1093.57 PP 1087.91 S1 1081.46 S2 1075.80 S3 1063.69 [B][U] CRUDE OIL [IMG]http://i65.tinypic.com/30uvnkk.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 28.87 with targets @ 29.56 & 30.85 [B]Market Scenario 2: [/B]Short positions below 28.87 with targets @ 27.58 & 26.89 [B]Comment:[/B] Crude oil during yesterday’s session reached a new low at 28.19 against US Dollar. Today price for 1 Barrel of Crude oil dropped even further reaching 27.40, the lowest level since September 2003. [B]Supports and Resistances: [/B] R3 32.83 R2 30.85 R1 29.56 PP 28.87 S1 27.58 S2 26.89 S3 24.91 [B][U] USD/RUB [IMG]http://i63.tinypic.com/ta1sls.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 77.66 with targets @ 78.33 & 79.21 [B]Market Scenario 2: [/B]Short positions below 77.66 with targets @ 76.78 & 76.11 [B]Comment: [/B]US Dollar continues appreciating against Russian Ruble reaching new low during yesterday’s session at 78.53. Today Russian rubble dropped even further and has already reached a fresh new low at 78.95. [B]Supports and Resistances: [/B] R3 80.76 R2 79.21 R1 78.33 PP 77.66 S1 76.78 S2 76.11 S3 74.56 [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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