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Technical Analysis
Daily Technical by AAATrade
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[QUOTE="AAATrade, post: 95756, member: 36114"] Technical Analysis for 21/01/2016 *All the charts are 30M charts with daily pivot points. [B][U]AUD/USD [IMG]http://i65.tinypic.com/dbl47b.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 0.6886 with targets @ 0.6944 & 0.6983 [B]Market Scenario 2: [/B]Short positions below 0.6886 with targets @ 0.6847 & 0.6789 [B]Comment: [/B]Aussie dollar having sunk to its lowest level at 0.6826 against US Dollar during yesterday’s session found support and managed to close the day in positive territory at 0.6925. Today the pair has already undertaken an attempt to test the first Resistance level, however, encountered selling pressure and retreated. Nonetheless further attempts to break through this level might take place today. [B]Supports and Resistances: [/B] R3 0.7041 R2 0.6983 R1 0.6944 PP 0.6886 S1 0.6847 S2 0.6789 S3 0.6750 [B][U]EUR/JPY [IMG]http://i66.tinypic.com/14trj0w.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 127.45 with targets @ 128.29 & 129.19 [B]Market Scenario 2: [/B]Short positions below 127.45 with targets @ 126.55 & 125.71 [B]Comment: [/B]European currency during yesterday’s session came under selling pressure and was sent to the lowest level at 126.61 since 15th of April against Japanese Yen. Today the pair is trading flat ahead of ECB press conference and minimum Bid Rate. [B]Supports and Resistances: [/B] R3 130.03 R2 129.19 R1 128.29 PP 127.45 S1 126.55 S2 125.71 S3 124.81 [B][U]EUR/USD [IMG]http://i67.tinypic.com/212eec4.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 1.0914 with targets @ 1.0952 & 1.1013 [B]Market Scenario 2: [/B]Short positions below 1.0914 with targets @ 1.0853 & 1.0815 [B]Comment: [/B]European currency during yesterday’s session managed to break through the Pivot Point level and the First Resistance level against US Dollar, however, was unable to stabilize at the achieved level and dropped, closing the day in negative territory. Today the pair is trading calmly ahead of ECB Press Conference and US Unemployment claims figures. [B]Supports and Resistances: [/B] R3 1.1051 R2 1.1013 R1 1.0952 PP 1.0914 S1 1.0853 S2 1.0815 S3 1.0754 [B][U] GBP/JPY [IMG]http://i66.tinypic.com/og99pt.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 165.58 with targets @ 167.18 & 168.42 [B]Market Scenario 2: [/B]Short positions below 165.58 with targets @ 164.34 & 162.74 [B]Comment: [/B]Sterling during yesterday’s session continued falling against Japanese Yen recording a new low at 163.92. Today the pair continues trading under pressure slightly below Pivot Point Level. [B]Supports and Resistances: [/B] R3 170.02 R2 168.42 R1 167.18 PP 165.58 S1 164.34 S2 162.74 S3 161.50 [B][U]GBP/USD [IMG]http://i65.tinypic.com/2hceo1i.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 1.4177 with targets @ 1.4230 & 1.4271 [B]Market Scenario 2: [/B]Short positions below 1.4177 with targets @ 1.4136 & 1.4083 [B]Comment: [/B][COLOR=#333333]Sterling closed yesterday’s session in positive territory against US Dollar, nonetheless it looks as a short break in overall downside move. Today the pair is trading flat, slightly below Pivot point level [/COLOR] [B]Supports and Resistances: [/B] R3 1.4324 R2 1.4271 R1 1.4230 PP 1.4177 S1 1.4136 S2 1.4083 S3 1.4042 [B][U] USD/JPY [IMG]http://i65.tinypic.com/w9e795.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 116.86 with targets @ 117.75 & 118.56 [B]Market Scenario 2: [/B]Short positions below 116.86 with targets @ 116.05 & 115.16 [B]Comment:[/B][COLOR=#333333] US Dollar during yesterday’s session came under selling pressure against Japanese Yen and was sent to its lowest level at 115.94, the lowest level since 16th of January 2015. Today the pair continues trading under pressure below Pivot Point level. [/COLOR] [B]Supports and Resistances: [/B] R3 119.45 R2 118.56 R1 117.75 PP 116.86 S1 116.05 S2 115.16 S3 114.35 [B][U]GOLD [IMG]http://i64.tinypic.com/rkypz9.png[/IMG] [/U][/B] [B]Market Scenario 1: [/B]Long positions above 1099.07 with targets @ 1111.03 & 1121.51 [B]Market Scenario 2: [/B]Short positions below 1099.07 with targets @ 1088.59 & 1076.63 [B]Comment: [/B]Gold during yesterday’s session rose against US Dollar, closing the day with 13 USD profit. Today bullion is trading flat, slightly above Pivot point level. [B]Supports and Resistances: [/B] R3 1143.95 R2 1121.51 R1 1111.03 PP 1099.07 S1 1088.59 S2 1076.63 S3 1054.19 [B][U] CRUDE OIL [IMG]http://i68.tinypic.com/98etft.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 27.09 with targets @ 28.00 & 29.48 [B]Market Scenario 2: [/B]Short positions below 27.09 with targets @ 25.61 & 24.70 [B]Comment:[/B] Crude continued depreciating against US Dollar amid eased sanctions of Iran, which led to increase in supply of Crude oil on the Market. Today crude opened higher due to the switch to the new contract. However, the overall trend remains on the negative side. [B]Supports and Resistances: [/B] R3 31.87 R2 29.48 R1 28.00 PP 27.09 S1 25.61 S2 24.70 S3 22.31 [B][U] USD/RUB [IMG]http://i64.tinypic.com/n5lkl.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 79.69 with targets @ 82.14 & 83.90 [B]Market Scenario 2: [/B]Short positions below 79.69 with targets @ 77.93 & 75.48 [B]Comment: [/B]US Dollar reached a fresh new high at 81.45 during yesterday’s session amid continues depreciation of Crude oil. Today the pair went even further reaching 84.94 Russian Rubles per 1 US Dollar. Continues decline in Oil prices may lead the pair reach 100 Russian Rubles per 1 US Dollar in the nearest term. [B]Supports and Resistances: [/B] R3 88.11 R2 83.90 R1 82.14 PP 79.69 S1 77.93 S2 75.48 S3 71.27 [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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