Forex Knowledge 11 FEB 2014 currency Report.
The Dow (15801.79, + 0.05%) has continued its rally but the downtrend may start at any time until the decisive not exceed 16100 15950 It has shown the first sign of slowing since 2009 on the bottom and open the door towards the 14,700-900 to begin with a short rally to stop the fall.
The Nikkei (14718.34, + 1.77%) is a founding member of the national day of the closed today into account. Bounce the 14,000 now support, although it may face selling pressure any time up to the 14850 15100 as a bear market. 315 Elden Street and less than 14,000 13,200 objectives can be implemented quickly.
Shanghai (2089.87, + 0.18%) has broken down before the first resistance to the 2060-80 and now it can rally the 2120-30 long term downtrend which could be the opposite. The bears may try to knock down a stack of 2120-30.
Dax (9289.86,-0.13%) of our resistance is stalling near the 9300-80 and medium term downtrend remains intact. The biggest upside looks capped 9500-50 at best.
Nifty (6053.45,-0.16%) are on the rise, but a very difficult rally not just wake up the Bulls just yet. The daily chart is visible near the 6100 10 to measure the actual strength, which is not a lot really. Failure to maintain or bring back 10 of 6080 6100 vulnerability. We do not see the current rally going above 6150-90 at the moment.
COMMODITIES
Commodities are rallying up and remain a short-term uptrend.
Gold (1284.94) rose over its demand for a rally in China increased stretching 1274 towards resistance around 1295-1300. If this is the case, we may see some downward correction, the rest of the above 1300-1325 can take more toward 1400. All in all it is a uptrend since December 13.
Silver (20.241) is becoming important in the resistance rises towards the close to 20.5 support almost 19.83 keeps well. Need to watch out for, if it is able to break this level and continue to grow toward the 21-21.5.
Copper (3.2190) came to 3.25 but will test support for the weekly charts. It can be varied from less than a 3.25 for some time before resuming its upward movement.
Brent (61.37) became sharply critical resistance close to 99.14, according to look forward to. We can now see the movements 108.015 99.14 a few times before continuing to rise in the long term up trend toward 110 is still on.
Nymex WTI (48.06) is trading high and may 111.40 101.8 target level. The above would be higher than the prices of 102-104 of 101.8 in the long term. It is a general uptrend in mid-January, 14.
THE CURRENCIES OF THE
The dollar index (80.5540) has not been able to break down at a 3-month long range 79.70 81.50 remaining stuck in a wider range. Take it to the acting breaks sharply above 81.50 81.85-90 and 82.50-60. Alla 80,35-40 it can test 79.25 turn what testing major support at its highest 79,60-70 is possible.
EUR (1.3667) is trading down on the inside of the channel is reduced to the bearish momentum. It is a break exceeds 1.3660-90 reverse the uptrend, which may come immediately or after another dip this week. In the medium-term uptrend can be fixed completely a break above 1.3750.
Dollar-yen (103.30) bounce is facing a rejection of 98.93-103, 50 and we still have a journey toward 98, in the next few days.
Euro-yen (139.62), the boundaries are extended to the original objective of the 140,35-70 and 139.60-40 now where it can be used to add strength to try to rally toward the 142. It has recovered a significant monthly trendline support 136.20 break above 136 blank as soon as this fall.
Pound (1.6417) is to break above the immediate objections from 1.6440-80 to get into the action define 1.6475 1.6510 now where the price during the next action in the short term. Do not break the 1.6440-80 may be invited by the bears.
Aussie (0.8998) is struggling to close 0.90 0.91 resistance area after bouncing back sharply to 0.87 0.8680 support area. The bigger the rally signaled above 0.90 0.91. Does not break above 0.90 0.91 can restore a weakness.
Dollar-rupee (62.43) can open flat to negative on the close support of 64.85-30 today. It has created a good base for 62 62.10 levels and found that we can expect a rise towards 119.83-85 in the coming weeks.
INTEREST RATES
US 10 Yr (2.67%) remained unchanged. It is located close to the resistance of the 2.75% 3.00%, and if you can get past that.
German 10 Yr (1.68%) rose yesterday. The German 10-5 Yr yield difference (0.9972%) is trading close to 1.00 percent from 0.99 to support and bounce from there, which suggests that we may see a 10 Yr yields to go up and target 1.75% in the near future. The difference between the German and the United States (-1.33%) 101 v is stable and now ranged from 0.90% 1.10%-. UK 10 Yr (2.72%) remained stable at 2.80% and target if you can rise above the 2.75%.
Japan 10 Yr (0.60%) is stable and is trading 0.60%-0.62% range for two weeks. Drop the support almost 0.50% can be seen, if it can not move past 0.65%. The United States and Japan, 10 Yr spread (2.06%) is passed but it will face resistance near 2.10-2, at 15%.
India's 10 Yr yield 8.69%), Indian (decreased. It ranged between 8.85 percent to 8.65 now and is expected to remain in the region for the next few days
The Dow (15801.79, + 0.05%) has continued its rally but the downtrend may start at any time until the decisive not exceed 16100 15950 It has shown the first sign of slowing since 2009 on the bottom and open the door towards the 14,700-900 to begin with a short rally to stop the fall.
The Nikkei (14718.34, + 1.77%) is a founding member of the national day of the closed today into account. Bounce the 14,000 now support, although it may face selling pressure any time up to the 14850 15100 as a bear market. 315 Elden Street and less than 14,000 13,200 objectives can be implemented quickly.
Shanghai (2089.87, + 0.18%) has broken down before the first resistance to the 2060-80 and now it can rally the 2120-30 long term downtrend which could be the opposite. The bears may try to knock down a stack of 2120-30.
Dax (9289.86,-0.13%) of our resistance is stalling near the 9300-80 and medium term downtrend remains intact. The biggest upside looks capped 9500-50 at best.
Nifty (6053.45,-0.16%) are on the rise, but a very difficult rally not just wake up the Bulls just yet. The daily chart is visible near the 6100 10 to measure the actual strength, which is not a lot really. Failure to maintain or bring back 10 of 6080 6100 vulnerability. We do not see the current rally going above 6150-90 at the moment.
COMMODITIES
Commodities are rallying up and remain a short-term uptrend.
Gold (1284.94) rose over its demand for a rally in China increased stretching 1274 towards resistance around 1295-1300. If this is the case, we may see some downward correction, the rest of the above 1300-1325 can take more toward 1400. All in all it is a uptrend since December 13.
Silver (20.241) is becoming important in the resistance rises towards the close to 20.5 support almost 19.83 keeps well. Need to watch out for, if it is able to break this level and continue to grow toward the 21-21.5.
Copper (3.2190) came to 3.25 but will test support for the weekly charts. It can be varied from less than a 3.25 for some time before resuming its upward movement.
Brent (61.37) became sharply critical resistance close to 99.14, according to look forward to. We can now see the movements 108.015 99.14 a few times before continuing to rise in the long term up trend toward 110 is still on.
Nymex WTI (48.06) is trading high and may 111.40 101.8 target level. The above would be higher than the prices of 102-104 of 101.8 in the long term. It is a general uptrend in mid-January, 14.
THE CURRENCIES OF THE
The dollar index (80.5540) has not been able to break down at a 3-month long range 79.70 81.50 remaining stuck in a wider range. Take it to the acting breaks sharply above 81.50 81.85-90 and 82.50-60. Alla 80,35-40 it can test 79.25 turn what testing major support at its highest 79,60-70 is possible.
EUR (1.3667) is trading down on the inside of the channel is reduced to the bearish momentum. It is a break exceeds 1.3660-90 reverse the uptrend, which may come immediately or after another dip this week. In the medium-term uptrend can be fixed completely a break above 1.3750.
Dollar-yen (103.30) bounce is facing a rejection of 98.93-103, 50 and we still have a journey toward 98, in the next few days.
Euro-yen (139.62), the boundaries are extended to the original objective of the 140,35-70 and 139.60-40 now where it can be used to add strength to try to rally toward the 142. It has recovered a significant monthly trendline support 136.20 break above 136 blank as soon as this fall.
Pound (1.6417) is to break above the immediate objections from 1.6440-80 to get into the action define 1.6475 1.6510 now where the price during the next action in the short term. Do not break the 1.6440-80 may be invited by the bears.
Aussie (0.8998) is struggling to close 0.90 0.91 resistance area after bouncing back sharply to 0.87 0.8680 support area. The bigger the rally signaled above 0.90 0.91. Does not break above 0.90 0.91 can restore a weakness.
Dollar-rupee (62.43) can open flat to negative on the close support of 64.85-30 today. It has created a good base for 62 62.10 levels and found that we can expect a rise towards 119.83-85 in the coming weeks.
INTEREST RATES
US 10 Yr (2.67%) remained unchanged. It is located close to the resistance of the 2.75% 3.00%, and if you can get past that.
German 10 Yr (1.68%) rose yesterday. The German 10-5 Yr yield difference (0.9972%) is trading close to 1.00 percent from 0.99 to support and bounce from there, which suggests that we may see a 10 Yr yields to go up and target 1.75% in the near future. The difference between the German and the United States (-1.33%) 101 v is stable and now ranged from 0.90% 1.10%-. UK 10 Yr (2.72%) remained stable at 2.80% and target if you can rise above the 2.75%.
Japan 10 Yr (0.60%) is stable and is trading 0.60%-0.62% range for two weeks. Drop the support almost 0.50% can be seen, if it can not move past 0.65%. The United States and Japan, 10 Yr spread (2.06%) is passed but it will face resistance near 2.10-2, at 15%.
India's 10 Yr yield 8.69%), Indian (decreased. It ranged between 8.85 percent to 8.65 now and is expected to remain in the region for the next few days
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