Forex Knowledge 28 JAN 2014 currency Report.
In the global marketplace will take a break after 2-3 days for the Sharp fall.
The Dow (15837.88,-0.26%) remain below major support area to see the Bill to expand the 15500-14700 700-800.
The Nikkei (15013.01, + 0.05%) hit the lower limit of the large channel preset second match 1000 points fall in the last 5 weeks to end the bull market now. Below, it can be applied to a 14,700-900 315 Elden Street and 13,200.
Shanghai (2029.56, 0.18%), is one of the better performers in the turmoil, because it is already a major bear market, while nowadays and has beaten a lot long before other markets under the bear grip. That said, it is over 2150 to break a long-term downtrend is trapped.
Dax (9349.22,-0.46%) Test your channel contains the last 6 months the whole rally substantial support to the region in autumn-9350 9300 which is meant to expand the 9000 or even the 8700.
Nifty (6135.85,-2.09%) relate to the broader 6130-40 on the lower end of major surgery of the day. The RBI's credit policy today is being closely watched following the direction of the structure remains weak, despite the possible but technically bounce. All the demonstrations may face selling pressure and below 6130-40, we look forward to the first and the 5970 5920 6075, or even an old goal.
COMMODITIES
Commodities trading is low.
Gold (1258.040) fell off a 100-day ma, near the 1276.5 during a short-term uptrend since December 23, 13. The physical demand for the metal seems to weaken in Asia and in China, which can keep a check on prices at current levels for now. Above the current resistance line charts can likely take prices lower. Above the higher 1280-1272-1274, otherwise we would fall towards the 14th 1235.
Silver (19.771) were well within 19.5 to 20.5. Important resistance 3-day agenda are still there, we may see prices towards the support of almost 18.5-19 possible lowering.
Copper (3.2650) is to continue to drop, because the smaller China PMI, last Friday the effect still holds strong. If this continues, it can be applied to a 3.25-3.20 for the foreseeable future.
Brent (106.94) and test the 13 day MA at current levels. Immediate support coming near 106, 108.5-110 can be higher than the prices and even, in the longer term, 112-114.
Nymex WTI (95.77) came off sharp resistance close to the 50-day MA is currently at 97.18 and test support near current levels while forming the false bottom of one of the weekly charts. A break below 95 to 93, but although the above 95 saw the commotion to 95.5-97 in the area.
THE CURRENCIES OF THE
The dollar index (80.4740) remains largely unchanged. It tries to goes higher, so long as it remains above 80 and 79.70. The great migration is waiting only over a wider range of 79.70-81.50;
EUR (1.3673) needs to be strengthened after testing the aim at the qualifying level of 1.3750. It is a break above 1.3750 to extend the rally, or otherwise the bears may come down again.
Dollar-yen (102.53) has managed to keep above a major support level 101.50 end of 101.90, below which the bull market alert.
Euro-yen (140.34) borders may extend weakness continues to be an important requirement for a zone 138.60-139, so long as it remains under 141.50.
Pound (1.6584) is comparative to the outperformer and trading between 1.6350-1, 67 for some time more.
Aussie (0.8765) has bounced 0.87 significant support but we need to go above the 0.89 to make meaningful. Otherwise, it is in danger of melting toward 0.8500.
Dollar-rupee (63.60) to achieve the target of 63 and rallied support for greater resistance, taking the old 119.83. It keeps strong above 63 and 119.83. The upside-down targets have 63.65-80. Participants will closely watch the RBI's credit policy today for further instructions.
INTEREST RATES
US 10 Yr (2.76%) saw a small rise after falling for the last three sessions. It has recovered from immediate support around 1.70%. We may see profit gains here if you support keeping or it can drop to test support near 2.50%. The consensus is that the FOMC meeting to continue its tapering.
German 10 Yr (1.66%) remained unchanged at 1.65% of to test and support. We may see a bounce to 1.75%-80% if the support holds. The German and US 10 Yr spread (-1.10%) has fallen on our goals-1.10% and calculates the yet-1.15%.
Japan 10 Yr (0.62%) is stable and trading, close to the lower limit of the range is 0.70 0.60-percent. We may see it by targeting support almost 0.50% if the decline continues. The United States and Japan, 10 Yr yield spread (2.13%) is dipped further and further test the current level of support. We will see a bounce toward the 2.25 percent, if the support is.
India's 10 Yr India (8.77%) rose further ahead of the RBI policy meeting today. The low inflation figures in December, it is expected that the Central Bank will keep interest rates unchanged. But a relatively weak rupee (closing at 63.60 today) can be a concern for RBI it Ignite inflation. In General, we see very little chance of coming down to the heels.
EUR/USD
Euro is still consolidating near level of 1.3700. We think, today price may leave this consolidation channel upwards to reach level of 1.3800 and then form new consolidation channel close to this level. Later, in our opinion, pair may continue growing upwards to reach main target at 1.4100.
GBP/USD
Mainscenario of currency pair movement
The pair continues its movement in an ascending trend, Tenkan and Kijun lines are bound below the price, the pair has broken through the cloud, due to this situation trend continuation is possible. One should buy the pair above the 1,6622 resistance level, till the 1,6648, 1,6667 levels and higher.
Alternativescenario of currency pair movement
In case if the pair breaks through the 1,6572 support level and strengthens below, openings of short positions till the 1,6535,1,6499 levels are possible.
LEVELS
Resistance:1,6622;1,6648; 1,6667.
Support:1,6572;1,6535; 1,6499.
GBP/USD
Pound is still forming the fifth ascending structure towards level of 1.6680. Later, in our opinion, market may form descending correction to reach level of 1.6475 (at least) or even 1.6255.
USD/CHF
Franc is still forming consolidation channel. We think, today price may leave it downwards and continue falling down towards level of 0.8885. Later, in our opinion, pair may return to level of 0.8950 and then continue moving inside descending trend towards target at 0.8300.
USD/JPY Yen is being corrected towards level of 103.30. After reaching this level, pair may continue falling down towards level of 101.70.
In the global marketplace will take a break after 2-3 days for the Sharp fall.
The Dow (15837.88,-0.26%) remain below major support area to see the Bill to expand the 15500-14700 700-800.
The Nikkei (15013.01, + 0.05%) hit the lower limit of the large channel preset second match 1000 points fall in the last 5 weeks to end the bull market now. Below, it can be applied to a 14,700-900 315 Elden Street and 13,200.
Shanghai (2029.56, 0.18%), is one of the better performers in the turmoil, because it is already a major bear market, while nowadays and has beaten a lot long before other markets under the bear grip. That said, it is over 2150 to break a long-term downtrend is trapped.
Dax (9349.22,-0.46%) Test your channel contains the last 6 months the whole rally substantial support to the region in autumn-9350 9300 which is meant to expand the 9000 or even the 8700.
Nifty (6135.85,-2.09%) relate to the broader 6130-40 on the lower end of major surgery of the day. The RBI's credit policy today is being closely watched following the direction of the structure remains weak, despite the possible but technically bounce. All the demonstrations may face selling pressure and below 6130-40, we look forward to the first and the 5970 5920 6075, or even an old goal.
COMMODITIES
Commodities trading is low.
Gold (1258.040) fell off a 100-day ma, near the 1276.5 during a short-term uptrend since December 23, 13. The physical demand for the metal seems to weaken in Asia and in China, which can keep a check on prices at current levels for now. Above the current resistance line charts can likely take prices lower. Above the higher 1280-1272-1274, otherwise we would fall towards the 14th 1235.
Silver (19.771) were well within 19.5 to 20.5. Important resistance 3-day agenda are still there, we may see prices towards the support of almost 18.5-19 possible lowering.
Copper (3.2650) is to continue to drop, because the smaller China PMI, last Friday the effect still holds strong. If this continues, it can be applied to a 3.25-3.20 for the foreseeable future.
Brent (106.94) and test the 13 day MA at current levels. Immediate support coming near 106, 108.5-110 can be higher than the prices and even, in the longer term, 112-114.
Nymex WTI (95.77) came off sharp resistance close to the 50-day MA is currently at 97.18 and test support near current levels while forming the false bottom of one of the weekly charts. A break below 95 to 93, but although the above 95 saw the commotion to 95.5-97 in the area.
THE CURRENCIES OF THE
The dollar index (80.4740) remains largely unchanged. It tries to goes higher, so long as it remains above 80 and 79.70. The great migration is waiting only over a wider range of 79.70-81.50;
EUR (1.3673) needs to be strengthened after testing the aim at the qualifying level of 1.3750. It is a break above 1.3750 to extend the rally, or otherwise the bears may come down again.
Dollar-yen (102.53) has managed to keep above a major support level 101.50 end of 101.90, below which the bull market alert.
Euro-yen (140.34) borders may extend weakness continues to be an important requirement for a zone 138.60-139, so long as it remains under 141.50.
Pound (1.6584) is comparative to the outperformer and trading between 1.6350-1, 67 for some time more.
Aussie (0.8765) has bounced 0.87 significant support but we need to go above the 0.89 to make meaningful. Otherwise, it is in danger of melting toward 0.8500.
Dollar-rupee (63.60) to achieve the target of 63 and rallied support for greater resistance, taking the old 119.83. It keeps strong above 63 and 119.83. The upside-down targets have 63.65-80. Participants will closely watch the RBI's credit policy today for further instructions.
INTEREST RATES
US 10 Yr (2.76%) saw a small rise after falling for the last three sessions. It has recovered from immediate support around 1.70%. We may see profit gains here if you support keeping or it can drop to test support near 2.50%. The consensus is that the FOMC meeting to continue its tapering.
German 10 Yr (1.66%) remained unchanged at 1.65% of to test and support. We may see a bounce to 1.75%-80% if the support holds. The German and US 10 Yr spread (-1.10%) has fallen on our goals-1.10% and calculates the yet-1.15%.
Japan 10 Yr (0.62%) is stable and trading, close to the lower limit of the range is 0.70 0.60-percent. We may see it by targeting support almost 0.50% if the decline continues. The United States and Japan, 10 Yr yield spread (2.13%) is dipped further and further test the current level of support. We will see a bounce toward the 2.25 percent, if the support is.
India's 10 Yr India (8.77%) rose further ahead of the RBI policy meeting today. The low inflation figures in December, it is expected that the Central Bank will keep interest rates unchanged. But a relatively weak rupee (closing at 63.60 today) can be a concern for RBI it Ignite inflation. In General, we see very little chance of coming down to the heels.
EUR/USD
Euro is still consolidating near level of 1.3700. We think, today price may leave this consolidation channel upwards to reach level of 1.3800 and then form new consolidation channel close to this level. Later, in our opinion, pair may continue growing upwards to reach main target at 1.4100.
Mainscenario of currency pair movement
The pair continues its movement in an ascending trend, Tenkan and Kijun lines are bound below the price, the pair has broken through the cloud, due to this situation trend continuation is possible. One should buy the pair above the 1,6622 resistance level, till the 1,6648, 1,6667 levels and higher.
Alternativescenario of currency pair movement
In case if the pair breaks through the 1,6572 support level and strengthens below, openings of short positions till the 1,6535,1,6499 levels are possible.
LEVELS
Resistance:1,6622;1,6648; 1,6667.
Support:1,6572;1,6535; 1,6499.
GBP/USD
Pound is still forming the fifth ascending structure towards level of 1.6680. Later, in our opinion, market may form descending correction to reach level of 1.6475 (at least) or even 1.6255.
USD/CHF
Franc is still forming consolidation channel. We think, today price may leave it downwards and continue falling down towards level of 0.8885. Later, in our opinion, pair may return to level of 0.8950 and then continue moving inside descending trend towards target at 0.8300.
USD/JPY Yen is being corrected towards level of 103.30. After reaching this level, pair may continue falling down towards level of 101.70.
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