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Technical Analysis
Daily Technical by AAATrade
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[QUOTE="AAATrade, post: 96615, member: 36114"] [B]Daily Technical Analysis for 05.02.2016 [/B] *All the charts are 30M charts with daily pivot points. [B][U]AUD/USD [IMG]http://s13.postimg.org/9hapcpq47/AUDUSD.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 0.7197 with targets @ 0.7243 & 0.7287 [B]Market Scenario 2: [/B]Short positions below 0.7197 with targets @ 0.7153 & 0.7107 [B]Comment: [/B]Aussie during yesterday’s session continues its upwards move against US Dollar, closing second day in the row in positive territory. Today AUD/USD is trading flat ahead of US Non-Farm Employment change and US Unemployment rate. [B]Supports and Resistances:[/B] R3 0.7333 R2 0.7287 R1 0.7243 PP 0.7197 S1 0.7153 S2 0.7107 S3 0.7063 [B][U]EUR/JPY [IMG]http://s11.postimg.org/m93sux0w3/EURJPY.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 131.06 with targets @ 131.48 & 132.08 [B]Market Scenario 2: [/B]Short positions below 131.06 with targets @ 130.46 & 130.04 [B]Comment: [/B]European currency during yesterday’s session undertook an attempt to break through the First Resistance level at 131.48, but having encountered selling pressure retreated closing the day almost unchanged against Japanese Yen. Today the pair is trading with negative bias below Pivot Point Level. [B]Supports and Resistances: [/B] R3 132.50 R2 132.08 R1 131.48 PP 131.06 S1 130.46 S2 130.04 S3 129.44 [B][U]EUR/USD [IMG]http://s24.postimg.org/tsopp8411/EURUSD.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 1.1172 with targets @ 1.1275 & 1.1341 [B]Market Scenario 2: [/B]Short positions below 1.1172 with targets @ 1.1106 & 1.1003 [B]Comment: [/B]European currency closed fourth day in a row in positive territory against US Dollar, appreciating for more than 370 pips for these days. Today the pair is trading in a small range above Pivot Point level awaiting the big news out of US. R3 1.1444 R2 1.1341 R1 1.1275 PP 1.1172 S1 1.1106 S2 1.1003 S3 1.0937 [B][U] GBP/JPY [IMG]http://s29.postimg.org/f9btxbk93/GBPJPY.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 170.94 with targets @ 171.87 & 173.39 [B]Market Scenario 2: [/B]Short positions below 170.94 with targets @ 169.42 & 168.49 [B]Comment: [/B]Sterling continued it downwards move against Japanese yen, closing third day in a row in negative territory. Today the pair remains trading under pressure, having already undertaken an attempt to break through the First Support Level. [B]Supports and Resistances:[/B] R3 174.32 R2 173.39 R1 171.87 PP 170.94 S1 169.42 S2 168.49 S3 166.97 [B][U]GBP/USD [IMG]http://s24.postimg.org/nb5t5ptnp/GBPUSD.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 1.4595 with targets @ 1.4660 & 1.4733 [B]Market Scenario 2: [/B]Short positions below 1.4595 with targets @ 1.4522 & 1.4457 [B]Comment: [/B][COLOR=#333333]Sterling during yesterday’s session undertook an attempt to break through the First resistance level at 1.466 against US Dollar, but having failed to do so, came under pressure and was sent below Pivot point level. Today the pair continues trading with negative bias close to the First Support level. [/COLOR] [B]Supports and Resistances:[/B] R3 1.4798 R2 1.4733 R1 1.4660 PP 1.4595 S1 1.4522 S2 1.4457 S3 1.4384 [B][U] USD/JPY [IMG]http://s30.postimg.org/7pcrpmqb5/USDJPY.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 117.17 with targets @ 117.82 & 118.88 [B]Market Scenario 2: [/B]Short positions below 117.17 with targets @ 116.11 & 115.46 [B]Comment:[/B][COLOR=#333333] US Dollar continued its downward move against Japanese Yen during yesterday’s session, closing fourth day in a row in negative territory. Today USDJPY continues trading under pressure below Pivot Point level and close to its recent lows of 115.94 reached on 20th of January.[/COLOR] [B]Supports and Resistances:[/B] R3 119.53 R2 118.88 R1 117.82 PP 117.17 S1 116.11 S2 115.46 S3 114.40 [B][U]GOLD [IMG]http://s21.postimg.org/al854dbmv/GOLD.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 1150.59 with targets @ 1161.86 & 1168.47 [B]Market Scenario 2: [/B]Short positions below 1150.59 with targets @ 1143.98 & 1132.71 [B]Comment: [/B]Gold recorded 5th day in the row in positive territory against US Dollar, reaching 1157.20 the highest level since 29th of October 2015. Today bullion is trading flat ahead of Major news form United States. [B]Supports and Resistances:[/B] R3 1186.35 R2 1168.47 R1 1161.86 PP 1150.59 S1 1143.98 S2 1132.71 S3 1114.83 [B][U]CRUDE OIL [IMG]http://s12.postimg.org/9dxyy1mgd/CRUDE.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 32.25 with targets @ 33.00 & 34.32 [B]Market Scenario 2: [/B]Short positions below 32.25 with targets @ 30.93 & 30.93 [B]Comment:[/B] Crude oil after Wednesday’s rally came under selling pressure and closed yesterday’s session in negative territory. Today Crude continues trading under pressure below Pivot point level. [B]Supports and Resistances:[/B] R3 36.39 R2 34.32 R1 33.00 PP 32.25 S1 30.93 S2 30.18 S3 28.11 [B][U]USD/RUB [IMG]http://s22.postimg.org/fkme7fvzl/USDRUB.png[/IMG] [/U] Market Scenario 1: [/B]Long positions above 75.52 with targets @ 76.48 & 77.35 [B]Market Scenario 2: [/B]Short positions below 75.52 with targets @ 74.65 & 73.69 [B]Comment: [/B]US Dollar closed yesterday’s session almost unchanged against Russian ruble, overall weakness of US dollar offset falling prices of Crude Oil. Toda the pair is trading with positive bias slightly above the First Resistance level. [B]Supports and Resistances:[/B] R3 79.18 R2 77.35 R1 76.48 PP 75.52 S1 74.65 S2 73.69 S3 71.86 [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] [SIZE=13px][FONT=Lato][INDENT][FONT=Verdana][SIZE=4][SIZE=0px] [/SIZE][/SIZE][/FONT][/INDENT][/FONT][/SIZE] [/QUOTE]
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