Forex Knowledge 7 MARCH 2014 currency Report
Nifty rallying hard for the election of the expectations and improve the criteria for the consolidation of the domestic market in the world after some sharp rally.
15220.05, + 0.56%), Nikkei (was our target for resistance to 15200-300 in a jiffy and can turn the region tied once again inside the 14600 new Houghton,, United Kingdom.
Shanghai (2062.74, + 0.15%) To test the top end of 2030-2075. To keep up with the more than 2080, it may try to rally further 2095-2115.
Nifty (6401.15, + 1.15%) firmly ended before 6340-60 Open Rally towards the broader objective of resistance to 6,500. Bullish momentum remains unchanged above 6340-60.
The Dow (16421.89, + 0.38%) in the vicinity of old 16400 16400 and it requires more than a spot-600 to rise towards the 17,000 soon.
COMMODITIES
Gold (1349.29) is on the rise and the looks ranged from last 3 days. While the above 1324.44 we look forward to a potential surge in 1360. Silver (21.81) showed the last 5 sessions after rising ranged. A permanent change of more than 21.5 we could take it higher to 22-21-21.5 22.2 of the territory, although the keep well.
Copper (3.2105) is still ranged from support to close 3.20 now. We are targeting the rising 3.25 3.30 in the near future.
Brent (108.30) rose over near the 108 and this is true of the rise we see potential in the near future, 109-110.
Nymex WTI (100.26) fell on a 100-day MA near 69.16 but bounced from 86.33. Is currently testing the resistance near 102, if it violates the above, may rise still 103-30 levels.
THE CURRENCIES OF THE
The ECB keeps interest rate unchanged and expressed the hope inflation will rise in the coming days. This added considerably to the Euro and the dollar weakened against most currencies.
The dollar index is trading below (79.66) 69.08-70 and 77.57 47.13 door support area or even 78 has opened now. Which until the corrective rally may 80.30 higher face selling pressure. The long-term trend to get seriously rough below 77.57.
EUR (1.3860) 1.3850-85 is marketing the resistance band and if to dissolve, it can rise above this still 1.3950 1.4050. The 1.4050-1.41 for long-term development becomes strongly bullish. But the Bund-Bond Yield spread is not worth it. So this has to be watched.
Dollar-yen (102.97) has achieved another goal of 103 and 101-103, but continues to insist on a broader. The Bulls have to break the momentum of this area and 103.50 us.
Euro-yen (142.71) cross broke to 138.80 141.30 143 out of range. The long-term uptrend is resumed and it can rise more 145.50-146 now.
Pound (1.6719) has bounced back to 1.6640, as expected, and the rise may extend to 1.68. Repair of a great uptrend right now is that to extend the 1.6540 1.65 1.66 support only if there is a violation of. It can reach the 1.69-1.7050 while the current correction is complete. 1.6470-80 until the Bills can buy into.
Aussie (0.9087) has broken out in several 0.89 0.91 upside-down, and the possibility of a rally towards the 0.93, or even more. Support now becomes 0.9050.
Dollar-rupee (61.11 babies ' garments) crashed over the 61.50-30 to get support and to extend 61.10 3 month low 60.80 to drop the opening hours. If the bulls can ? bounce 60.90-80 zone, we may see a further drop in 51.61-50.
INTEREST RATES
US 10 Yr (2.73%) is clearly a 2.70% and 2.60 2.80% range we have been talking about have a good chance of coming up. The market is waiting for us in the NFP today. Expecation is close to the 149-151K. This could be bad, because it forces people to reasses their growth prospects.
10 Yr Bund Bond spread (1.1%) is shifted slightly lower, but the Euro (1.3860) is on the rise Draghi's assesment that growth could lower deflation fears. He upped the forecast growth of 1.2% in 2014, 1.1% previously. the United States and Japan in the 10 Yr spread (2.11%) is grown up and looks like it will grow even more. This would give support to the dollar-yen (102.96).
India's 10 Yr India (8.79%) to loose in a decent bit of 8.92 percent (27 February, last Thursday) is good for the stability of the market, possibly based on the direct debt/strength of rupee. Although more Dip 8.70 to 65%, you can see, we have to look at whether the profit breaks below the 8.60% in a sustainable way. If not, we can see the return on investment will rise again. This has to be watched.
The pair remained stable below 1.3745 yesterday weakening positivity and
leavign the pair affected by the negative signals showing on Stochastic and RSI.
But stability above 1.3680 forces us to hold on to our positive expectations,
whereas stabilizing above the referred to level keeps the possibility of a
bullish rush and an attempt to touch levels around 1.3810.
Breaking 1.3660 levels weakens the bullish possibility while breaking 1.3620 triggers a bearish wave.
Support: 1.3700, 1.3680, 1.3660, 1.3620, 1.3590
Resistance: 1.3745, 1.3775, 1.3810, 1.3580, 1.3895
Recommendation Based on the above, buy the pair above 1.3720 targeting 1.3775, 1.3810 then 1.3895 and stop-loss below 1.3660
The pair moved to the upside yesterday and stabilized above 1.6670 again,
meanwhile trading remained below 1.6740 keeping the pair within an intraday
sideways range.
The upside move requires breaching 1.6740 and stabilizing above it to support the positive signal showing on Linear Regression Indicators and AROON. Negativity requires breaking 1.6670 and stabilizing below it to support the signal on MACD traditional. Therefore, we prefer to remain intraday neutral today waiting for new confirmation signals.
Support: 1.6700, 1.6770, 1.6625, 1.6600, 1.6580
Resistance: 1.6740, 1.6785, 1.6800, 1.6860, 1.6920
Recommendation Based on the above, we prefer to remain neutral waiting for confirmation signals For traders who can take high risks, sell the pair around 1.6650 targeting 1.6625 and 1.6600 then 1.6545 with stop-loss above 1.6740, or buy the pair above 1.6750 targeting 1.6775 and 1.6800 then 1.6860 with stop-loss below 1.6670.
USDCHF formed a long legged doji candle yesterday, just below the main
descending resistance for the bearish wave, and that hints we may see further
fluctuations and possible downside pressures over intraday basis. Overall, there
is still no confirmation for a bullish rebound so long as below 0.8930
resistance level.
Support: 0.8860, 0.8830, 0.8800, 0.87770, 0.8750
Resistance: 0.8900, 0.8930, 0.8975, 0.9000, 0.9035
Recommendation Short below 0.8900, taregts at 0.8860 and 0.8830. Stop loss above 0.8940.
USDJPY continues to push higher, hitting 102.70-102.80 main resistance level
for the recent sideways range, a break above that resistance would confirm a
more prolonged bullish rebound, supporting our bullish bias. We prefer to wait
for this breakout to confirm a move higher in the near term, targeting 103.45
and 103.85 next potential resistance levels.
Support: 102.30, 102.00, 101.70, 101.50, 101.15
Resistance: 102.70, 103.00, 103.40, 103.85, 104.20
Nifty rallying hard for the election of the expectations and improve the criteria for the consolidation of the domestic market in the world after some sharp rally.
15220.05, + 0.56%), Nikkei (was our target for resistance to 15200-300 in a jiffy and can turn the region tied once again inside the 14600 new Houghton,, United Kingdom.
Shanghai (2062.74, + 0.15%) To test the top end of 2030-2075. To keep up with the more than 2080, it may try to rally further 2095-2115.
Nifty (6401.15, + 1.15%) firmly ended before 6340-60 Open Rally towards the broader objective of resistance to 6,500. Bullish momentum remains unchanged above 6340-60.
The Dow (16421.89, + 0.38%) in the vicinity of old 16400 16400 and it requires more than a spot-600 to rise towards the 17,000 soon.
COMMODITIES
Gold (1349.29) is on the rise and the looks ranged from last 3 days. While the above 1324.44 we look forward to a potential surge in 1360. Silver (21.81) showed the last 5 sessions after rising ranged. A permanent change of more than 21.5 we could take it higher to 22-21-21.5 22.2 of the territory, although the keep well.
Copper (3.2105) is still ranged from support to close 3.20 now. We are targeting the rising 3.25 3.30 in the near future.
Brent (108.30) rose over near the 108 and this is true of the rise we see potential in the near future, 109-110.
Nymex WTI (100.26) fell on a 100-day MA near 69.16 but bounced from 86.33. Is currently testing the resistance near 102, if it violates the above, may rise still 103-30 levels.
THE CURRENCIES OF THE
The ECB keeps interest rate unchanged and expressed the hope inflation will rise in the coming days. This added considerably to the Euro and the dollar weakened against most currencies.
The dollar index is trading below (79.66) 69.08-70 and 77.57 47.13 door support area or even 78 has opened now. Which until the corrective rally may 80.30 higher face selling pressure. The long-term trend to get seriously rough below 77.57.
EUR (1.3860) 1.3850-85 is marketing the resistance band and if to dissolve, it can rise above this still 1.3950 1.4050. The 1.4050-1.41 for long-term development becomes strongly bullish. But the Bund-Bond Yield spread is not worth it. So this has to be watched.
Dollar-yen (102.97) has achieved another goal of 103 and 101-103, but continues to insist on a broader. The Bulls have to break the momentum of this area and 103.50 us.
Euro-yen (142.71) cross broke to 138.80 141.30 143 out of range. The long-term uptrend is resumed and it can rise more 145.50-146 now.
Pound (1.6719) has bounced back to 1.6640, as expected, and the rise may extend to 1.68. Repair of a great uptrend right now is that to extend the 1.6540 1.65 1.66 support only if there is a violation of. It can reach the 1.69-1.7050 while the current correction is complete. 1.6470-80 until the Bills can buy into.
Aussie (0.9087) has broken out in several 0.89 0.91 upside-down, and the possibility of a rally towards the 0.93, or even more. Support now becomes 0.9050.
Dollar-rupee (61.11 babies ' garments) crashed over the 61.50-30 to get support and to extend 61.10 3 month low 60.80 to drop the opening hours. If the bulls can ? bounce 60.90-80 zone, we may see a further drop in 51.61-50.
INTEREST RATES
US 10 Yr (2.73%) is clearly a 2.70% and 2.60 2.80% range we have been talking about have a good chance of coming up. The market is waiting for us in the NFP today. Expecation is close to the 149-151K. This could be bad, because it forces people to reasses their growth prospects.
10 Yr Bund Bond spread (1.1%) is shifted slightly lower, but the Euro (1.3860) is on the rise Draghi's assesment that growth could lower deflation fears. He upped the forecast growth of 1.2% in 2014, 1.1% previously. the United States and Japan in the 10 Yr spread (2.11%) is grown up and looks like it will grow even more. This would give support to the dollar-yen (102.96).
India's 10 Yr India (8.79%) to loose in a decent bit of 8.92 percent (27 February, last Thursday) is good for the stability of the market, possibly based on the direct debt/strength of rupee. Although more Dip 8.70 to 65%, you can see, we have to look at whether the profit breaks below the 8.60% in a sustainable way. If not, we can see the return on investment will rise again. This has to be watched.
Breaking 1.3660 levels weakens the bullish possibility while breaking 1.3620 triggers a bearish wave.
Support: 1.3700, 1.3680, 1.3660, 1.3620, 1.3590
Resistance: 1.3745, 1.3775, 1.3810, 1.3580, 1.3895
Recommendation Based on the above, buy the pair above 1.3720 targeting 1.3775, 1.3810 then 1.3895 and stop-loss below 1.3660
The upside move requires breaching 1.6740 and stabilizing above it to support the positive signal showing on Linear Regression Indicators and AROON. Negativity requires breaking 1.6670 and stabilizing below it to support the signal on MACD traditional. Therefore, we prefer to remain intraday neutral today waiting for new confirmation signals.
Support: 1.6700, 1.6770, 1.6625, 1.6600, 1.6580
Resistance: 1.6740, 1.6785, 1.6800, 1.6860, 1.6920
Recommendation Based on the above, we prefer to remain neutral waiting for confirmation signals For traders who can take high risks, sell the pair around 1.6650 targeting 1.6625 and 1.6600 then 1.6545 with stop-loss above 1.6740, or buy the pair above 1.6750 targeting 1.6775 and 1.6800 then 1.6860 with stop-loss below 1.6670.
Support: 0.8860, 0.8830, 0.8800, 0.87770, 0.8750
Resistance: 0.8900, 0.8930, 0.8975, 0.9000, 0.9035
Recommendation Short below 0.8900, taregts at 0.8860 and 0.8830. Stop loss above 0.8940.
Support: 102.30, 102.00, 101.70, 101.50, 101.15
Resistance: 102.70, 103.00, 103.40, 103.85, 104.20
No comments:
Post a Comment