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Technical Analysis Reports

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Markets Morning Report

15/04/2014 08:13

15/04/2014: Dollar continues to improve with focus turning to inflation data, as equities find some support

 

  • US Dollar making gains against the Euro and Sterling today
  • Equity markets slightly weaker in early trading
  • Forex trading to be impacted by the CPI data from the UK and US today
  • Asian markets mixed ahead of the crucial Chinese growth data overnight tonight

Market Overview Investors were given some respite from the recent selling pressure on Wall Street as a minor recovery was seen yesterday. US retail sales of +1.1% for March was the strongest month on »

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Markets Morning Report

14/04/2014 08:24

14/04/2014: Geopolitical tensions in Ukraine threaten a flight to safety once more with the dollar finding support.

 

  • Tensions in the Ukraine mounting once more
  • Dollar is beginning to find support and break its trending sell-off against major currencies
  • Equities markes continue to decline
  • Watch for: US Retail Sales (13:30BST)

Market Overview After yet more losses on Wall Street on Friday, Asian markets were mixed on Monday. The S&P 500 lost almost another per cent with weak results from JP Morgan, the first of the big ban »

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Hantec Markets Morning Report

11/04/2014 08:02

11/04/2014: Weakness on Wall Street is a concern, while the dollar shows tentative signs of support

  • Equities remain under significant pressure
  • US dollar is showing signs of support
  • No major data this morning until University of Michigan sentiment at 14:55BST

Market Overview The significant sell-off on Wall Street yesterday does not bode well for risk appetite for the European session. The S&P 500 fell over 2%, while a 3.1% decline on the NASDAQ was its b »

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Trading outlook ahead of the US session

10/04/2014 12:31

  • Dollar remains under pressure
  • Euro/Dollar and Cable are now buys into weakness
  • Indices are fluctuating today but should still be medium term buys.

It has been a mixed morning for the US dollar as traders look to re-assess following the Fed meeting minutes yesterday evening. Whilst it remains weak against the euro, the yen, Swiss franc and Aussie »

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Euro/Dollar outlook

10/04/2014 10:11

  • A big turnaround for the Euro in recent days
  • Dollar weakens on Fed minutes.
  • STRATEGY: Look to buy a correction into the support band $1.3820/$1.3835

The outlook for the Euro has now changed from one where rallies were being sold into, to now be one where the rate is advancing on a near to medium term basis. EUR/USD has continued to significantly i »

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Video Analysis: GOLD - Big Moves Yesterday

05/12/2013 08:05

Reversal pattern in Gold this week, signals a short term recovery to unwind oversold stochastic.... »

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Video Analysis: Cable Drops Below 2.5yr Trend Line

21/11/2013 10:26

GBP/USD analysed by Jason Sen, as cable drops below the 2 & a half year trend line as expected & should start to trend lower. »

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Elongated Flats

19/11/2013 19:43

- early signs of triangular consolidation - Under the corrective waves, flats are one of the most common types of correction. There are many types of flats (common, irregular, with the c wave failure »

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FXSnip: GBP/AUD To Rise To Buy Target At 1.7500

06/09/2013 07:12

  • GBP/AUD Rises Inside Extended -wave
  • Next Buy Targets At: 1.7500 And 1.8000
  • Long Entries Can Be Protected With The Stop-loss Below 1.7000.

GBP/AUD Rises Inside Extended Ⓒ-wave GBP/AUD continues to rise inside the extended Ⓒ-wave of the primary ABC correction from the start of 2012. This ABC correction follows the clearly formed long »

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FXSnip:AUD/JPY to rise to buy target at 92.70

04/09/2013 08:50

  • AUD/JPY Completes Primary ABC Correction
  • Next Buy Targets At: 92.70 And 97.50
  • Buy Stop-loss Can Be Placed Below 88.50.

AUD/JPY Completes Primary ABC Correction AUD/JPY continues to rise after the recent completion of the primary ABC correction to the predominant uptrend visible on the daily and the weekly charts. The »

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FXSnip: AUD/NZD to fall to 1.1200

02/09/2013 08:53

  • AUD/NZD Completes Minor ABC Correction
  • Next Sell Target At 1.1200
  • Protect Short Entries With The Stop-loss At 1.1600

AUD/NZD Completes Minor ABC Correction AUD/NZD continues to fall in line with the strong long-term downtrend that can be seen on the daily and the weekly AUD/NZD charts. The pair recently corrected d »

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FXSnip:EUR/AUD Reverses From Resistance Level 1.5000

30/08/2013 09:07

  • EUR/AUD Reverses Down From Strong Resistance At 1.5000
  • Next Sell Target At 1.4200
  • Close Sell Stop-loss Can Be Placed Above 1.5000

EUR/AUD Reverses Down From Strong Resistance At 1.5000 EUR/AUD recently reached the target level 1.5000 that was set in our earlier report on this currency pair. Due to the strength of the resistance »

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FXSnip: GBP/CHF to Fall to Sell Target 1.4000

28/08/2013 08:54

  • GBP/CHF Reverses From Strong Resistance Area Near 1.4600
  • Next Sell Target At 1.4000
  • Short Entries Can Be Protected With The Stop-loss Above 1.4600

GBP/CHF Reverses From Strong Resistance Area Near 1.4600 GBP/CHF continues to fall inside the third intermediate impulse wave (3) – In line with the predominant downtrend visible on the daily a »

FXSnip: USD/SGD to rise to 1.2860

26/08/2013 09:07

  • USD/SGD Breaks Minor ABC Correction
  • Next Buy Targets: 1.2860 And 1.3000
  • Buy Stop-loss Can Be Placed Below 1.2760

USD/SGD Breaks Minor ABC Correction USD/SGD continues to rise inside the C-wave of the extended weekly ABC correction from the end of last year. After having recently reached the forecast price 1.280 »

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FXSnip:GBP/JPY Breaks Daily Triangle

23/08/2013 08:28

  • GBP/JPY Breaks Daily Triangle
  • Next Buy Targets: 157.00 And 163.00
  • Strong Support Area Around 147.50

GBP/JPY Breaks Daily Triangle GBP/JPY continues to rise after the recent breakout of the two consecutive resistance levels – the downward sloping resistance trendline of the daily Triangle from »

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FXSnip:CHF/JPY to rise to 107.00

21/08/2013 08:23

  • CHF/JPY Rises After Completing Intermediate ABC Correction
  • Next Buy Targets: 107.00 And 108.00
  • Strong Support Area Around 104.00

CHF/JPY Rises After Completing Intermediate ABC Correction CHF/JPY continues to rise after the recent completion of the clear intermediate ABC correction. The C-wave of this ABC correction stopped re »

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FXSnip:NZD/JPY Breaks Daily Triangle

19/08/2013 09:00

  • NZD/JPY Breaks Daily Triangle
  • Next Buy Targets: 80.50 And 86.00
  • Strong Support At 76.70

NZD/JPY Breaks Daily Triangle NZD/JPY has just broken up above the resistance trendline of the daily Triangle from April of this year – as you can see on the next NZD/JPY chart below. This Tria »

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EUR/JPY Completes Intermediate ABC Correction

16/08/2013 10:04

  • EUR/JPY Completes Intermediate ABC Correction
  • Next Buy Target At 134.00
  • Protect Long Entries With The Stop-loss Below 128.50

EUR/JPY Completes Intermediate ABC Correction After recently nearly reaching the target level 134.00 that was given in the earlier report on this currency pair – EUR/JPY recently corrected down »

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FXSnip: SGD/JPY to Rise to 80.00

14/08/2013 09:58

  • SGD/JPY Rises After Completing Intermediate ABC Correction
  • Next Buy Targets: 80.00 And 82.5
  • Place Buy Stop-loss Below 75.00

SGD/JPY Rises After Completing Intermediate ABC Correction SGD/JPY continues to rise after the recent completion of the intermediate corrective wave (2) of the currently active third primary impulse »

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FXSnip:EUR/GBP to rise to 0.8750

12/08/2013 08:28

  • EUR/GBP Trades Close To Support Level 0.8600
  • Next Buy Target At 0.8750
  • Buy Stop-loss Can Be Placed Below 0.8600

EUR/GBP Trades Close To Support Level 0.8600 EUR/GBP is currently trading close to the top of the previous congestion zone set between price levels 0.8470 and 0.8600 (which has previously contained t »

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FXSnip: USD/HKD to Fall to 7.7530

09/08/2013 08:58

  • USD/HKD Falls After Completing Primary ABC Correction
  • Next Sell Targets: 7.7530 And 7.7500
  • Sell Stop-loss Can Be Placed Above 7.7600

USD/HKD Falls After Completing Primary ABC Correction USD/HKD continues to fall after the recent reversal from the combined resistance area (encircled on the daily USD/HKD chart below) made out of th »

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USD/JPY to Fall to Sell Target 96.00

07/08/2013 07:40

  • USD/JPY Falls Inside Intermediate ABC Correction
  • Next Sell Targets: 96.00 And 94.00
  • Strong Resistance At 100.00

USD/JPY Falls Inside Intermediate ABC Correction USD/JPY continues to fall within the daily Triangle from February of this year.  The top of this Triangle formed when the previous first primary »

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FXSnip:EUR/CAD Trading Near Resistance Level 1.3800

05/08/2013 08:46

  • EUR/CAD Trades Close To Resistance Level 1.3800
  • If 1.3800 Is Broken - Next Buy Targets: 1.4000 And 1.4300
  • If 1.3800 Holds - Possible Retest Of Support Zone Around 1.3400

EUR/CAD Trades Close To Resistance Level 1.3800 EUR/CAD has been rising in the last few trading sessions – after the reversal from the support zone close to support level 1.3400 (which is the b »

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FXSnip:AUD/USD to fall to 0.8500

02/08/2013 09:24

  • AUD/USD Reverses Down From Resistance Level 0.9300
  • Next Sell Targets: 0.8500 And 0.8000
  • Short Entries Can Be Protected By Close Stop-loss Above 0.9300

AUD/USD Reverses Down From Resistance Level 0.9300 After a few days of consolidating below the strong resistance level 0.9300 (which has previously reversed the pair down multiple times from the end »

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FXSnip:EUR/SEK Completes Intermediate ABC Correction

31/07/2013 09:31

  • EUR/SEK Completes Intermediate ABC Correction (2)
  • Next Buy Targets: 8.8000, 8.9000 And 9.0000
  • Long Entries Can Be Protected With The Stop-loss Below 8.5000

EUR/SEK Completes Intermediate ABC Correction (2) EUR/SEK recently completed the second intermediate corrective wave (2) of the currently active 3rd primary upward impulse wave ③ (of the primary up »

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FXSnip:EUR/USD to rise to buy target 1.3400

29/07/2013 09:37

  • EUR/USD Rises After Reversing From 1.2700
  • Next Buy Targets: 1.3400 And 1.3600
  • Buy Stop-Loss Can be Placed Below 1.3200

EUR/USD Rises After Reversing From 1.2700 EUR/USD has been rising steadily in the last few days – after the earlier reversal from the strong support zone close to the support level 1.2700 (whic »

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FXSnip:USD/CAD To Fall To Sell Target 1.0150

26/07/2013 09:19

  • USD/CAD Reverses From Resistance Zone Between 1.0600 And 1.0500
  • Next Sell Targets: 1.0150 And 1.0000
  • Place Sell Stop-loss Above 1.0500

USD/CAD Reverses From Resistance Zone Between 1.0600 And 1.0500 USD/CAD continues to fall after the recent reversal from the strong long-term resistance area set between the resistance levels 1.0600 »

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FXSnip: USD/ZAR to fall to next sell target at 9.400

24/07/2013 07:58

  • USD/ZAR Completes Primary ABC Correction
  • Next Sell Targets: 9.400 and 8.800
  • Sell Stop-loss Can Be Placed Above 10.000

USD/ZAR Completes Primary ABC Correction USD/ZAR continues to decline after the recent reversal from the strong resistance zone (highlighted in red on the weekly USD/ZAR chart below) located between »

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NZD/USD to rise to buy target 0.8500

22/07/2013 09:17

  • NZD/USD Rises From Support Zone Around 0.7700
  • Next Buy Target  At 0.8500
  • Close Buy Stop-loss Can Be Placed Below 0.7700

NZD/USD Rises From Support Zone Around 0.7700 NZD/USD recently completed the second minor corrective wave 2 of the larger 3rd intermediate impulse wave of the longer-term 3rd primary impulse ③ of t »

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FXSnip:USD/SEK to fall to sell target 6.4000

19/07/2013 10:08

  • USD/SEK Completes The Second Primary Correction
  • Next Sell Targets: 6.4000 And 6.3000
  • Sell Stop-loss Can Be Placed Above 6.8000.

USD/SEK Completes The Second Primary Correction ② USD/SEK recently reversed sharply down from the combined resistance area (encircled on the weekly USD/SEK chart below) made out of the following re »

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FXSnip: EUR/CHF To Rise To Next Buy Target 1.2450

17/07/2013 08:46

  • EUR/CHF Rises Inside 3rd Minor Impulse Wave
  • Next Buy Targets: 1.2450 And 1.2650
  • Close Stop Loss Can Be Placed At 1.2300

EUR/CHF continues to rise after recently completing the second intermediate corrective wave (2) of the currently active 3rd primary upward price impulse ③ of the primary impulse sequence from Septem »

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FXSnip:USD/DKK to rise to buy target 5.8500

15/07/2013 09:46

  • USD/DKK Rises After Breaking The Weekly ABC Correction
  • Next Buy Targets: 5.8500 And 6.0000

USD/DKK Rises After Breaking The Weekly ABC Correction USD/DKK has recently completed the weekly ABC correction from July of last year – by breaking above the resistance trendline (shown in blu »

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FXSnip: AUD/CHF to fall to sell target 0.8500

12/07/2013 14:20

  • AUD/CHF Falls Inside Extended C-wave
  • Next Sell Targets: 0.8500 And 0.8250
  • Stop-loss Can Be Placed Above 0.9000

AUD/CHF Falls Inside Extended C-wave AUD/CHF has been falling sharply in the last few weeks – inside the extended C-wave of the weekly ABC correction (from August of 2012) to the preceding upwa »

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FXSnip: AUD/JPY reverses up from strong support at 90.00

10/07/2013 08:11

  • AUD/JPY Reverses Up From Weekly Support At 90.00
  • Next Buy Targets: 95.00, 100.00 And 105.00
  • Close Stop-loss Can Be Placed Below 90.00

AUD/JPY Reverses Up From Weekly Support At 90.00 After the recent sharp sell-off (which was the extended C-wave of the recent ABC correction), AUD/JPY is set to rise further –in line with the o »

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FX Snip: GBP/NZD to fall to next sell target at 1.9000

08/07/2013 08:49

  • GBP/NZD Falls After Reversing From Strong Resistance At 2.0000
  • Next Sell Targets: 1.9000 And 1.8600

GBP/NZD Falls After Reversing From Strong Resistance At 2.0000 GBP/NZD continues to decline after the recent reversal from the strong resistance zone close to the round resistance level 2.0000. The s »

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GBP/USD approaches round support level 1.5000

05/07/2013 08:06

  • GBP/USD Breaks Below Weekly ABC Support Trendline
  • Approaches Round Support Level 1.5000
  • If 1.5000 Is Broken  - Next Sell Target At 1.4830

GBP/USD Breaks Below Weekly ABC Support Trendline GBP/USD continues to fall after the recent breakdown below the support trendline of the weekly Up Channel which has enclosed the previous clearly f »

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FXSnip: USD/SGD To Rise To Next Buy Target 1.2800

03/07/2013 09:16

  • USD/SGD Rises Inside Extending C-wave
  • First Buy Target 1.2800, Then 1.3000
  • Possible Correction From 1.2800 To 1.2600

USD/SGD Rises Inside Extending C-wave USD/SGD continues to rise inside the extending C-wave of the prolonged daily ABC correction (from October of 2012) to the preceding downtrend. The currently acti »

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FXSnip:CAD/JPY Completes 4th Primary Corrective Wave

01/07/2013 09:34

  • CAD/JPY Completes 4th Primary Corrective Wave ④
  • Next Buy Target At 100.00
  • Stop-loss Can Be Placed Below 92.50/ 90.00

CAD/JPY Completes 4th Primary Corrective Wave ④ CAD/JPY recently reversed up from the support area lying at the intersection of the support level 92.50 and 38.2% Fibonacci Retracement of the preced »

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FXSnip:EUR/AUD Trades Close To Strong Resistance Level 1.4200

28/06/2013 09:05

  • EUR/AUD Trades Close To Strong Resistance At 1.4200
  • If 1.4200 Is Broken – Next Buy Target At 1.5000
  • If Pair Reverses From 1.4200– Possible Correction Toward 1.3500

EUR/AUD Trades Close To Strong Resistance At 1.4200 EUR/AUD has been rising sharply over the last few weeks - following the breakout of the resistance trendline of the weekly Down Channel from the st »

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FXSnip:EUR/GBP trading close to support level 0.8470

26/06/2013 10:12

  • EUR/GBP Trading Close To The Support At 0.8470
  • If 0.8470 Is Broken – Next Sell Target At 0.8400
  • If 0.8470 Holds - Next Buy Target At 0.8600

EUR/GBP Trading Close To The Support At 0.8470 Having recently reversed down from the top of the preceding intermediate impulse wave (1) at 0.8600, EUR/GBP is currently trading close to the support l »

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FXSnip: GBP/JPY Technical Analysis: Next Buy Target 156.5

24/06/2013 09:42

•    GBP/JPY Reverses From Support Area Around 147.50
•    Next Buy Target 156.5
•    Protect Long Entries With Stop-loss Below 147.50

GBP/JPY Reverses From Support Area Around 147.50 GBP/JPY continues to rise – in accordance with the predominant uptrend that can be seen on the daily charts. The pair recently reversed strongly »

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EUR/JPY reverses from support area near 127.00

21/06/2013 09:11

•   EUR/JPY Reverses Up From Support Area Close To 127.00
•   Next Buy Target 134.00
•   Strong Support At 127.00 And 120.00

EUR/JPY Reverses Up From Support Area Close To 127.00 EUR/JPY continues to rise in accordance with the medium-term uptrend that can be seen on the daily charts. The pair recently reversed up from the »

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FXSnip: NZD/JPY Reverses From Strong Support Level 75.00

19/06/2013 09:59

  • NZD/JPY Finds Support Close To 75.00
  • Next Buy Target At 80.00
  • Buy Stop-loss Can Be Placed Below 74.00

NZD/JPY Finds Support Close To 75.00 NZD/JPY has recently reversed up from the strong support level (which we specified in our earlier report on NZD/JPY). Following that report, the pair broke down t »

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Video Analysis:USD/JPY Trading Nicely Lower

18/06/2013 15:21

USD/JPY is trading nicely lower since we called a temporary top at 103.70 few weeks back. Notice that now we can count five waves down in blue wave A)/1) so we need to be aware of a possible reversal »

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Commodity Update: Hot Summer for Oil?

18/06/2013 10:47

  • Middle East Lighting the Fuse
  • Let’s Get Technical
  • Geopolitcal Risk

Oil, it seems, has been a silent outperformer in the last few weeks. Stock markets jittered, the Dollar tumbled and Gold was in a coma; meanwhile Oil quietly climbed, beating stocks and bonds and gene »

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Taper Tantrums In The Market

18/06/2013 07:35

  • Uncertain Markets
  • People Need To Chill Out
  • Busy Schedule In Asia

The market is desperate for a sense of when the Fed will taper as the reaction to an FT story showed reports Adam Buton, Ashraf Laidi. Uncertain Markets The euro was the top performer while NZD and »

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Technical Analysis USD/NOK: Next Sell Target At 5.7000

17/06/2013 09:36

  • USD/NOK Falls After Failing To Break Above Strong Resistance At  5.9000
  • Closest Sell Target At 5.7000
  • If 5.7000 Is Broken – Next Sell Targets At 5.6000 And 5.5000

USD/NOK falls after failing to break above strong resistance at  5.9000 USD/NOK is continuing to fall inside the (C)-wave of the longer-term ABC correction to the preceding medium-term upward pr »

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Yen Option Trade Presents Sound Risk Reward

14/06/2013 12:10

  • Forex Volatility Is Elevated
  • Price Action Was Defensive
  • Better Than Expected Retail Sales & Jobless Claims

Forex Volatility Is Elevated The volatility in the FOREX market is elevated and continues to trade at the high end of a 52-week range.  Ever since Ben Bernanke warned investors of a potential ta »

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FXSnip:EUR/NZD Reverses From Resistance Level 1.7000

14/06/2013 08:54

  • EUR/NZD reverses from strong resistance at 1.7000
  • Nearby sell target - 1.6330
  • If 1.6330 is broken – next sell target at major support 1.5000.

EUR/NZD reverses from strong resistance at 1.7000 EUR/NZD has recently risen in the extended upward corrective C-wave of the weekly ABC correction to the prevailing weekly downtrend. This ABC correct »

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DAX Bears Around The Corner

13/06/2013 11:23

  • The ECB is not helping and DAX Could Suffer
  • German Outperforms Rest of Europe
  • DAX and 8,000

The German DAX has been one of the best performing indices since the world’s major central banks resorted to QE and close to zero interest rates.  German Outperforms Rest of Europe Auster »

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FXSnip:EUR/USD Euros Reached Overnight Highs of 1.3370

13/06/2013 06:50

Euros edged higher yesterday reaching overnight highs of 1.3370. We have divergence on the 60min charts which suggests we should see some downward moves early this morning writes Carol Harmer, Charmer »

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CAD/CHF set to fall to support level 0.9000

12/06/2013 10:14

  • CAD/CHF falls after reversing from strong resistance level 0.9500
  • Closest sell target 0.9000
  • If 0.9000 holds – correction target at 0.9500
  • If 0.9000 is broken on a closing basis – next sell target at 0.8600

CAD/CHF falls after reversing from strong resistance level 0.9500 CAD/CHF just completed the 2nd intermediate correction to the preceding 1st intermediate impulse from the end of the larger 2nd prima »

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Technical Analysis: AUD/USD Just Broke Down Below 0.9700

07/06/2013 13:06

 

  • AUD/USD breaks below major support at 0.9700
  • Closest sell target at 0.9375
  • If 0.9375 holds – possible correction to 0.9700

AUD/USD breaks below major support at 0.9700 AUD/USD just broke down below the major long-term support level 0.9700. This support level has been reversing the pair up from the start of 2011 (having p »

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Video Analysis: AUD/USD Bearish Waves Should Continue

22/05/2013 15:15

Bearish Waves Should Continue After a Corrective Retracement-Elliott Wave Video: AUDUSD has been moving sharply lower in the last few weeks within wave three that now shows evidences of a low »

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Technical Analysis: FTSE China Broke 8130/50

17/05/2013 16:03

FTSE China held above 8030/60 & broke 8130/50 as we close in on the 100 day moving average at 8322. We should struggle here but a push higher then targets tough resistance at 8365/75. In fact fr »

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Cool Inflation Heats Up Commodities Play

17/05/2013 12:50

  • The Figures, the Fed and the Rally
  • Why Commodities and Not Equities?
  • Oil Gathers Momentum; are Gold and Silver to Follow?

Earlier this week I mentioned that U.S.inflation figures would dictate the Fed’s direction. Well, the inflation figures are now out and data shows that U.S.inflation fell below zero which is the »

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Technical Analysis:S&P/TSX 60 Failed at 720/22 This Week

17/05/2013 07:49

S&P/TSX 60 failed at 720/22 this week as expected & we hit support at 712/11 where a low for the day was expected & we bottomed at 710.00. The outlook remains negative so any longs here toda »

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AUD/USD Cracks Major Uptrend

16/05/2013 16:21

  • Is A Long Term Top Developing?
  • Japanese Q1 GDP Report Better Than Expected
  • Capital Outflow Main Driver For The Yen

Christopher Vecchio, Currency Analyst at DailyFX, comments: The commodity currency bloc continued its tumble versus the European currencies and the US Dollar overnight, with the Australian and New Ze »

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Technical Analysis: Nikkei Broke 14900 To Fill Gap

16/05/2013 15:28

Nikkei broke 14900/15000 to fill the gap at 15240 and came to a halt exactly. It is starting to look like we have run out of steam for this week. We could drift lower today to support at 14835,& »

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Technical Analysis: EUR/USD Another Day Of Weakness In The Euro

16/05/2013 08:42

Another day of weakness in the Euro...and once the trendline at 1.2960 broke sellers were back in the market reports Carol Harmer, CharmerCharts.com The second trendline at 1.2899 also failed to »

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Technical Analysis: S&P/TSX 60 Failed As Expected

16/05/2013 07:16

S&P/TSX 60 failed at 720/22 as expected & we hit support at 712/11 where a low for the day was expected & we bottomed at 710.40. The outlook remains negative so any longs here today need st »

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AUD/USD Extended Its Weakness

15/05/2013 15:01

AUDUSD extended its weakness in the last few sessions within wave (iii) which can be counted now in five smaller waves writes Gregor Horvat, EX Forecast.   As such, support for current decline »

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Nikkei Hit 14900/1500 Target

15/05/2013 11:18

Nikkei hit the 14900/15000 target & has broken higher as we now look to fill the gap at 15240 this week. Above here we then look for 15310/360 in this bull market. Look for support at 14902 toda »

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AUD/CAD Falling Sharply

15/05/2013 11:07

  • AUD/CAD falls in sharp C-wave correction toward parity
  • If parity holds - buy target at 1.0250
  • If the pair breaks below parity - sell target at 0.9750

AUD/CAD falls in sharp C-wave correction toward parity AUD/CAD has been recently falling sharply down inside the second corrective primary wave ② of the larger primary upward impulse sequence which »

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Gold: Gold Traded Lower Amid Strength In The US Dollar

15/05/2013 08:19

Gold prices traded lower by 0.39% against the USD in the 24 hour period ending 23:00GMT, at 1426.93 per ounce, as greenback strengthened against all of its major counter parts in yesterday’s ses »

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EUR/USD: Euro Continues To Trade Lower In The Asian Session

15/05/2013 07:52

For the 24 hours to 23:00 GMT, EUR declined 0.39% against the USD and closed at 1.2936, after German ZEW economic sentiment disappointed investors along with slowed down in inflation figures across th »

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Technical Analysis: S&P/TSX Held Above 715

15/05/2013 07:42

S&P/TSX 60 did hold above 715 for a retest of the 100 day moving average & last week’s high at 720/22. We are now very overbought so the topside should be limited but a break higher targets »

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Market Summary: The Big Picture

14/05/2013 11:06

The Big Picture Eurozone economy on the forefront today. With the market already poised to buy dollars, a much better-than-expected US retail sales figure for April, boosted sentiment further and U »

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Technical Analysis: S&P/TSX 60 Tested Support

14/05/2013 07:05

S&P/TSX 60 did test support at 712/11 & made a low for the day as expected but any longs here need stops below 708.50 today for a test of the next support at 706/05. We meet the 200 day movi »

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Falling Yen Prompts A Global SellOff

10/05/2013 16:15

  • All Eyes On The Yen
  • Bond Purchases
  • Next Phase Of Weakness

The Japanese Yen has fallen to its lowest level in the past four years amid bond data, prompting a widespread selloff and boosting currencies with highly-rated sovereigns like the US Dollar. Comments& »

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Sterling Poised To Outperform Euro

10/05/2013 09:55

  • Fundamental Changes On The Horizon
  • UK & Euro Austerity - Deeply Integrated
  • Changes Afoot For UK Economy

In some way almost everyone was affected by E.U. austerity; fortunately it seems that the bad times might finally be behind us now that there is real talk of halting austerity there. Fundamental Chan »

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Technical Analysis: Bund Recovery

10/05/2013 07:02

Bund recovered from a short term oversold position & just held above 145.80 for a move higher towards 146.27/29 but topped just below, at 146.23. Failure to hold above support at 145.80/77 s »

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GasOil: Holds Support

10/05/2013 06:55

Gasoil held support at 861/859 to retest the week’s high at 871/872. Above here today look for our next target at 875.25/876.25 but this is tough resistance & may be worth trying shorts wit »

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Market Summary: Gold Under Pressure & RBOB Overbought

10/05/2013 06:37

Gold should come under pressure today & in to next week. RBOB gasoline very overbought - strong Fibonacci resistance at 289.50/291 which could hold a move higher - stops above the 100 day moving aver »

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FX SNIP: EUR/USD Euro Stopped at 75%Short Term Fib Level

09/05/2013 11:13

After breaking 1.3175 Euros stopped at the 76.4 % short term fib level and retreated reports Carol Harmer. At the moment, whilst we are staying below 1.3175 there is a good chance we can come lo »

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Gold Has Double Topped...

09/05/2013 09:42

Gold has Double Topped at the 61.8 Med term Fib and therefore we have every reason to believe we are going to trade a lot lower in this market. We are overbought on the daily charts and therefor »

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Technical Analysis: Bunds Held Position

09/05/2013 07:55

Bund held support at 145.40/35 for the second day as we recover from a short term oversold position. We beat resistance at 145.80 & need to hold above here today for a move higher to 146.07, pos »

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Technical Analysis: RBOB Gasoline Edging Higher

09/05/2013 07:49

RBOB Gasoline is edging higher & may test the 200 day moving average at 288.85 today. Just above here we meet strong Fibonacci resistance at 289.50/291 so this area could hold a move higher. »

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Technical Analysis: Schatz Failed & Broke 110.75/74 Support

08/05/2013 07:38

Schatz failed at 110.79 resistance & broke 110.75/74 support. Below here we meet strong support at 110.70 which could hold the down side for today but a break targets 110.67/66 then 110.60/5 »

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Technical Analysis: GasOil Failed To Reach 875.25

08/05/2013 07:07

Gasoil beat 863/866 but failed to make it our next target of 875.25/876.25. If we reach here today this is tough resistance but any shorts need a stop above 878 as a break higher should fill the »

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Technical Analysis: Yen at 100, Live or Let Die?

07/05/2013 09:17

  • USD/JPY Sit At 101
  • You Have Come A Long Way Baby
  • What Is Needed To Break The 100?

Though the last few weeks have been significant for the USD/JPY pair which has hovered in a tight band from 97-100, this week could be critical for Yen traders. USD/JPY Sit At 101 The 100 level does »

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Stocks Update: Gilts Plunged On Friday to 119.36

07/05/2013 07:03

Gilts held collapsed from 120.53 resistance last week & plunged a lot further than expected on Friday, breaking 119.82/77 support to reach 119.36. This level happens to be a 61.8% retracement&nb »

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Technical Analysis: GasOil Has Reached Strong Resistance

07/05/2013 06:57

Gasoil has reached strong resistance at 863/866. We did see the market top out here as expected & used this level as a selling opportunity but we need stops above 867 today for continued gai »

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Technical Analysis: EUR/AUD Continues Strong Downward Trend

03/05/2013 10:06

  • EUR/AUD completes primary ABC correction
  • Sell target at 1.2400
  • Close stop can be set above 1.2920

EUR/AUD is continuing the strong downtrend which is visible on multiple time-frame charts writes Dima Chernovolov. EUR/AUD completes primary ABC correction First of all, the pair is showing the stro »

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Technical Analysis: S&P Held On At 1579/77

03/05/2013 06:57

S&P held on to good support at 1579/77 & bounced nicely & beat resistance at 1588/89 for yet another test of all time highs at 1594/96. Stops on shorts any shorts here are needed above 1597&nbsp »

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Technical Analysis: FTSE Up To 6432/42

03/05/2013 06:56

FTSE has held a range all week from 6365/55 up to 6432/42. Failure to break 6443/47 resistance today could see us at 6379/75 support then the lower end of the range at 6365/55. Stops on long »

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Technical Analysis: Euro Stoxx Shot To 2708

03/05/2013 06:42

Euro Stoxx tested 2650 support & shot higher to 2708. Below 2687 we should test support at 2674. Longs here need a stop below 2663 for strong support at 2654/51. Exit shorts & try longs with »

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Technical Analysis: DAX Headed Higher

02/05/2013 10:49

Dax headed higher unexpectedly to reach the 7970 level. We should follow the US lower today & below 7896 support, look for 7873 then 7849/42. This is good support & we could see a bounce from he »

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Technical Analysis: EUR/USD Retested 1.3190/00 April Highs..

02/05/2013 07:36

EURUSD retested 1.3190/00 April highs & we suggested trying shorts here, adding up to 1.3230using stops above 1.3255 with the pair overbought in the short term now. The top was seen at1.3243 so this i »

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TECHNICAL ANALYSIS: Euro Stoxx Failed Again

02/05/2013 06:50

Euro Stoxx failed again at 2692/96 as predicted & we also held support at 2666/60 as expectedbut should continue lower today for 2650 then 2643. We could see a low for the day here but we need t »

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ECB Potential To Boost Credit For European SME's

01/05/2013 16:04

  • Rate Cut Dead Cert
  • Weakness in Germany
  • Market Forecast:  EURUSD& EURJPY

Kathleen Brooks, Research Director UK EMEA, Forex.com shares her views on the next all important 24 hours.  This Thursday 2nd May the European Central Bank (ECB) is scheduled to announce its lat »

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Technical Analysis: NZD/JPY

01/05/2013 10:07

  • NZD/JPY Continues Strong Weekly Uptrend
  • Next Buy Target At 86.00
  • Protect Long Entries With Close Stop Below 80.00

NZD/JPY displays persistent bullish tone – rising steadily over the last few weeks and days inside the 3rd primary upward impulse wave of the larger weekly upward impulse sequence from the start »

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TECHNICAL ANALYSIS: FTSE Failed At 6443/47

01/05/2013 07:34

FTSE failed at 6443/47 resistance to test support at 6379/75 which did just about see us bottomout as expected. However below 6369 today look for strong support at 6340/30 to try longs withstops below »

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Technical Analysis: Gas Oil Remains Under Pressure

01/05/2013 07:25

Gasoil could remain under pressure today & below 843.50 risks a test of 841/840 then 830/828support. If we continue lower we could retest 818/815 April lows but should look very oversoldin the short t »

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VIDEO TECHNICAL ANALYSIS: AUD/USD

30/04/2013 12:59

Today Gregor Horvat looks at the AUD/USD. AUDUSD turned higher last week after a break through the trend-line connected from 1.0580 highs. As such, we are tracking a corrective recovery now in comple »

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FUTURES UPDATE: Mini Dow Jones

30/04/2013 07:13

Mini Dow beat resistance at 14690/700 then failed just below all time highs at 14800/823. Weare overbought in the short term now so watch for a move below 14730/10 to target 14659. Belowhere then risk »

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TECHNICAL ANALYSIS: Euro Stoxx

29/04/2013 07:31

Euro Stoxx looks over bought in the short term holding just above support at 2618/15 as expected. Further weakness could be seen today however so any longs need a stop below 2606 todayfor support at »

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FOREX INSIGHT: AUD/USD Moves Sideways

26/04/2013 12:13

AUD/USD turned higher in the last few days after a break out of a falling trend-line. Thats an important evidence for a temporary low in place and deeper rally underway. With that said, we suspect th »

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FX SNIP: EUR/NZD

26/04/2013 11:18

  • EUR/NZD falls inside the 3rd impulse wave of the primary downward 5th impulse wave
  • Further losses likely toward 1.5080 and 1.5000
  • Strong combined resistance area around 1.5600

EUR/NZD is on its way to further losses after flashing multiple bearish signals over the last few days, weeks and months. The pair is currently moving inside the 3rd downward impulse wave of the larg »

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Technical Analysis: NZD/USD

25/04/2013 13:00

  • NZD/USD rises inside the 3rd impulse wave of the larger 3rd impulse wave
  • Next upward targets are 0.8680 and 0.8860
  • Close support at 0.8360 followed by 0.8200

 

NZD/USD started this session on a strongly bullish note following the yesterday’s conclusive close above the strong resistance level 0.8450 (which had previously reversed down multiple upward pr »

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Technical Reports: SXF

24/04/2013 09:00

S&P/TSX 60 failed at 693/694 resistance yesterday and below 687 sees 684 then a retest of679/78 lows. A break of 676 then triggers the next leg lower to target 670.30.Resistance at 693/694 could hold »

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Technical Analysis: EUR/USD

23/04/2013 14:29

  • EUR/USD falls after failing to break above 1.3200
  • Further downside likely toward 1.2700
  • If 1.3200 is broken look for the price to rise towards 1.3800

Forexspace welcomes our newest contributor Dima Chernovolov, Experienced Forex Analyst and his views on EUR/USD. EUR/USD continues to decline after the recent failure to break up above the combined r »

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Technical Analysis: S&P 500 Could Fall Through 1530 Support While Market Trades Below 1597

22/04/2013 16:44

S&P500 fell sharply last week from 1597 and found support around 1536 from where we have seen 20 point rally on Friday. Notice that market reversed from swings lows made in early April, so it seems th »

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TECHNICAL ANALYSIS: USD/JPY - Sell Off Underway

18/04/2013 13:23

USD/JPY did sell off as expected, towards 95.49/38 where we predicted a bounce & the low was just above here at 95.80. We have seen a good move higher to face resistance at 98.35/45 but abov »

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TECHNICAL ANALYSIS: Oil Roundup - 17.04.13

17/04/2013 08:12

WTI Crude collapsed all the way to 86.12 where we predicted a low for the heavy losses experienced in April. We made it to our 88.83 target & as expected we could not improve on this level. However fu »

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TECHNICAL ANALYSIS: USD/JPY - Closing In On Resistance At 98.20

16/04/2013 15:27

USD/JPY reached our target of 97.19 & then broke 96.44/34 but bounced above excellent short term support at 95.49/38. We now closing in on resistance at 98.20/10 & we could break above here »

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TECHNICAL ANALYSIS: Brent Crude - Broken 4-Year Support

16/04/2013 08:25

Brent Crude broke huge support from a 4 year trend line at 100.84 & we collapsed again to the lower target of 97.90/70. This is 200 week MA support & we do look over sold in the short term. We are he »

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TECHNICAL ANALYSIS: Oil Roundup - 15.04.13

15/04/2013 10:15

WTI Crude (chart left) outlook remains weak as stated on Friday but we fell a lot further than expected. 88.85 is a good weekly support level so this is the last hope for bulls at this stage. Bel »

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TECHNICAL ANALYSIS: Copper - Failed At 7622

15/04/2013 09:52

Copper bounced but failed at 7622, below the 7630 target & then collapsed unexpectedly. Resistance today at 7472/75 looks unlikely to be broken but shorts may need a stop above 7483 for 7510 then 752 »

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TECHNICAL ANALYSIS: Crude Oil - Correction Appears Complete; Weakness Could Extend To 90$ Per Barrel

12/04/2013 10:56

Oil recovered nicely in the last few days from 91.80 back to 94.75 which was expected after a completed five wave pattern down (click left to see full chart). We were tracking a corrective bounce in t »

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TECHNICAL ANALYSIS: Copper - On Solid Ground

12/04/2013 08:48

Copper looks on solid ground as we bounced from support at 7525. We now need to hold above 7571/70 for a move to 7630 & above here a chance to retest this week’s high at 7645. A push h »

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TECHNICAL ANALYSIS: EUR/USD - Move Below 1.3030 Will Keep Pressure On

12/04/2013 08:27

EUR/USD revisited 1.3115 to exit longs & try shorts with a stop above 1.3140. This is working so far with a high at 1.3138 & we look for a test of 1.3046. This is good support & we may see no&nbs »

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TECHNICAL ANALYSIS: Copper - Failed Below 346.30

11/04/2013 08:28

Copper failed below the target of 346.30 which was expected to cap the bounce & we tested support at 340 which did hold the pull back as hoped. We face resistance today at 343.30 and look un »

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TECHNICAL ANALYSIS: AUD/USD Back In Bullish Mode

10/04/2013 14:58

AUD/USD moved through 1.0500 swings which mean that wave II pull-back is complete and that larger uptrend is back in progress again. Rise from 1.0346 cannot be counted impulsively so we believe t »

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TECHNICAL ANALYSIS: Copper - Break Below 340 Could Trigger 337/336

10/04/2013 12:52

Copper has been in a 9 week down trend but hit good 10 month trend line support last week at 330.37. We pushed through 340.30-342 yesterday as we close in on the next target of 346.30 which »

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TECHNICAL ANALYSIS: Spot Gold - Looking For 1583

10/04/2013 10:00

Spot Gold was predicted to have made a low in the longer term on Friday and we stated that we could see a medium term rally in Gold in the weeks ahead to target 1616 & possibly 1674. Yesterd »

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TECHNICAL ANALYSIS: EUR/USD - Strong Chance Of A Low

10/04/2013 07:33

EUR/USD saw a big rally from the double bottom at 1.2746 after we predicted an end to the 2 month down trend & we came to with in 12 pips of our 1.3115 target to exit longs & try shorts with »

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TECHNICAL ANALYSIS: Copper - Short Term Outlook Brightening

09/04/2013 10:46

Copper has been in a 9 week down trend but hit good 10 month trend line support last week at 330.37. We are now above 336.59 which keeps the short term outlook more positive as we close in on the tar »

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TECHNICAL ANALYSIS: Brent Crude - Facing Resistance At 105.38

09/04/2013 07:01

Brent Crude headed higher as predicted to hit 105.32/55 where we expected a high for the day & we topped at exactly 105.55. We then tumbled back to solid support at 103.84/74 for a secon chance to buy »

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EUR/USD: Approaching Key Resistance

08/04/2013 13:45

EUR/USD is approaching the resistance at 1.3048 (25/03/2013 high, see also the declining trendline). Another resistance can be found at 1.3107 (15/03/2013 high). Hourly supports are at 1.2962 (intrada »

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VIDEO ANALYSIS: EUR/USD Could Retrace Back To 1.3200

08/04/2013 11:24

A sharp 1000 pip fall in less than two months from 1.3700 can be counted in five waves. In Elliott Wave theory we knows that five wave structure suggests a change or direction of a larger trend. In ou »

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TECHNICAL ANALYSIS: Copper Targeting 10-Month Highs

08/04/2013 08:44

Copper has been in a 9 week down trend but hit good 10 month trend line support last week at 330.37. We are now above 336.59 which keeps the short term outlook more positive & we could targe »

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TECHNICAL ANALYSIS: Keep Your Eye On Gold

05/04/2013 15:29

Spot Gold tested 1542/41 but being over sold we bounced to resistance at 1557/59. Be aware that we may have made a low in the longer term and we could see a medium term rally in Gold now in »

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TECHNICAL ANALYSIS: Natural Gas Broke Support At 3.966/961

04/04/2013 11:14

Natural Gas broke support at 3.966/961 & managed to hold just above the next support at 3.886/860. We can try longs here today & look for a bounce with the market now over sold in the short »

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TECHNICAL ANALYSIS: Oil Roundup - 03.04.13

03/04/2013 11:23

WTI Crude (see chart left) hit strong 6 month trend line resistance at 97.35 to fall back very quickly once again. The market could have topped out now after the 1 month rally and we look for 96. »

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VIDEO ANALYSIS: JPY-Crosses Could Resume The Uptrend In This Week-Elliott Wave Video

02/04/2013 12:25

S&P futures are already approaching to its highs from few sessions back, so we are observing some xx/JPY pairs for possible risk-on set-ups. However, firstly we also need to see low in place on USD/JP »

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TECHNICAL ANALYSIS: Oil Roundup - 02.04.13

02/04/2013 11:58

Brent Crude formed a bullish inverse head & shoulders as hoped & we made it all the way to our measured target of 111.20/50 (see chart left). We suggested to exit all longs here & try shorts with a st »

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TECHNICAL ANALYSIS: USD/JPY Back Under Pressure

02/04/2013 10:49

USD/JPY has come under pressure as predicted at the end of last week. We have broken 93.57/53 to test short term Fibonacci support at 93.27 & we need now to watch for a break of the 2 week l »

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TECHNICAL ANALYSIS: Spot Gold Scales Resistance At 1603

28/03/2013 09:22

Spot Gold managed a bounce just above 1590 support & has climbed back above resistance at 1603 to stop just short of the 1609 target at 1608.41. If we managed to sell in to shorts here we ca »

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TECHNICAL ANALYSIS: USD/CHF: Bullish Reversal In Progress-Elliott Wave

27/03/2013 10:18

USD/CHF has turned sharply higher in this week and closed above the trend-line connected from 0.9566 top. This is a very clean and important evidence for a continuation of a larger trend, which is up »

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TECHNICAL ANALYSIS: Pressure On Spot Gold

27/03/2013 10:05

Spot Gold could start to come under pressure again now. We held just below resistance at 1603 and as expected we did fall back to 1595 but this held the downside. If we break below this support&n »

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TECHNICAL ANALYSIS: Spot Gold Could Come Under Pressure

26/03/2013 09:56

Spot Gold could start to come under pressure again now. We have resistance at 1603 and failure to push above here risks a slide back to 1595. If we break below this support we look for 1590/1588 with »

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VIDEO TECHINCAL ANALYSIS: Why The EUR/USD Has Reached A Top

25/03/2013 10:08

As the markets react to news that Cyprus may be on the brink of life-saving deal with the euro group, the EUR/USD has been seen heading higher on fx trading platforms. Gregor Horvat, chief technical »

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TECHNICAL ANALYSIS: Brent Crude

22/03/2013 13:29

May Brent took a tumble to test 107.25/01 support and bounced from here. After 6 weeks of losseswe may be trying to carve out a base. Resistance today is at 107.80/90 but above here look for108.30/40. »

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TECHNICAL ANALYSIS: Nymex WTI Light Crude

22/03/2013 12:45

WTI Crude May is mostly going sideways as we were held by 93.47/54 resistance and tumbled tosupport at 91.82/76 where we predicted a low for the day. The exact low was 91.84. Resistancetoday at 93.00 »

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TECHNICAL ANALYSIS: Gasoil ICE

22/03/2013 12:17

Gasoil was predicted to bottom out at the 4 year trend line support and expected low for the 6week down trend at 897. We have suffered sever losses but are now oversold so it is too risky tocontinue t »

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TECHNICAL ANALYSIS: Spot Gold

22/03/2013 09:56

Spot Gold made it to our 1609/11 target and is pushing on now for 1619/20 resistance. If we cancontinue higher we run in to 1625 which should cap the rally at this stage. We could exit longshere and t »

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TECHNICAL ANALYSIS: USD/JPY Retest Of 94.75/50 Possible

21/03/2013 14:35

USD/JPY support at 95.30/10 but below here a retest of 94.75/50 is possible. We could see a bounce from here but longs need a stop below 94.30. The one year trend line comes in today at 93.6 »

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TECHNICAL ANALYSIS: Natural Gas - Buying Opportunities Ahead

21/03/2013 07:51

Natural Gas has struggled at 3.965-3.976 for the past 3 days. We had warned the market should run out of momentum here but we do need a stop loss on shorts above 4.050 for 4.413/414 as the next upside »

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TECHNICAL ANALYSIS: USD/JPY - Moving Back Towards Highs

20/03/2013 11:26

USD/JPY has likely ended its short-term correction. A move towards the resistance at 96.71 (12/03/2013 high) is expected. An hourly resistance lies at 95.75 (19/03/2013 high). An hourly support is at »

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TECHNICAL ANALYSIS: EUR/USD - Support At 1.2877 Is Challenged.

20/03/2013 11:18

EUR/USD has thus far successfully tested the support at 1.2877 (07/12/2012 low, see also 200 day moving average) on a daily close basis. However, the succession of lower highs and lower lows is still »

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TECHNICAL ANALYSIS: WTI Crude Prices Likely To Come Under Pressure Today

20/03/2013 08:53

WTI Crude tried to break 93.72/94 resistance but topped at 94.09 & fell all the way back to support at 92.18 bottoming out just below at 92.09. This marks the end of the bounce off the trend&nbsp »

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TECHNICAL ANALYSIS: Nymex WTI Light Crude April contract

19/03/2013 12:29

WTI Crude WTI Crude broke lower but held above 91.58/40 as hoped. We then broke 93.31 toretest last week’s high at 93.84 and over ran a little to 93.94. So 93.72/94 is our resistance bandtoday a »

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TECHNICAL ANALYSIS: Natural Gas April contract

19/03/2013 11:20

Natural Gas tried to break last year’s high at 3.933. We warned all last week that the market isbecoming very over bought now and we do expect to see a top for the bull run here this year. Weman »

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TECHNICAL ANALYSIS: WTI Crude Testing Support At 92.12

18/03/2013 11:17

WTI Crude hit our target of 93.72 on Friday ‘where there is a good chance of a high today.’ We topped just above at 93.84. We are testing support at 92.12. Watch for a break below 92.00 t »

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TECHNICAL ANALYSIS: Brent Crude Tops At May Resistance

18/03/2013 11:13

May Brent Crude hit very tough resistance at 110.50/60 & as predicted we topped out exactly here. We are below 108.90 & may retest last week’s low at 107.91/84. This is still good support & we »

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TECHNICAL ANALYSIS: Spot Euro

15/03/2013 15:00

EURUSD is just drifting sideways this week. We became very oversold after 4 weeks of heavylosses & this consolidation period will allow the oversold oscillators to unwind. We tried a breakbelow 1.2965 »

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TECHNICAL ANALYSIS: CGB June Contract

15/03/2013 13:14

Ten-Year Government of Canada Bond tested & held 132.92/88 support for the third time in 2 months. As long as this holds today we have a bullish triple bottom pattern! Yesterday’s high was »

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TECHNICAL ANALYSIS: Spot USDJPY

15/03/2013 12:26

USDJPY held above 95.85 & has pushed through 96.30. We failed to break the 96.55/71 highs asexpected with the market starting to look overbought. This has left a small double top patternwhich should p »

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TECHNICAL ANALYSIS: BAX Three-Month Canadian Bankers' Acceptance Futures

15/03/2013 12:09

Sept 13 has support at 98.75/74 then 98.72 which could hold the downside if tested. Resistance at 97.77 now, then 98.80/81 with 98.84 above & then 98.86. Dec13 has support at 98.75 then 98.72. B »

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TECHNICAL ANALYSIS: S&P/TSX Under Pressure

15/03/2013 11:29

S&P/TSX 60 Index failed at the 740/742 highs this week & we warned that this would leave a bearish doubletop pattern to target 724 in the coming days. Yesterday we broke 730.50/729.70 to test the next »

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TECHNICAL ANALYSIS: USD/JPY

14/03/2013 16:36

USDJPY held above 95.85 & has pushed through 96.30. We failed to break the 96.55/71 highs as expected with the market starting to look overbought. This has left a small double top pattern wh »

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TECHNICAL ANALYSIS: USD/JPY - Is The Market Overbought?

14/03/2013 09:41

USD/JPY held above 95.85 & has pushed through 96.30 for a chance to retest the 96.55/71 highs. This should prove tough to beat today with the market starting to look overbought. However any  »

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TECHNICAL ANALYSIS: USD/JPY - Held On Above 95.34/29 Support As Hoped

13/03/2013 10:56

USD/JPY held on above 95.34/29 support as hoped. Below 95.71/64 today we look for a test of 95.34/29 & we could see a bounce from here again. However a break of 94.85 could keep the pressure »

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Technical Analysis: Spot Gold Hit The Next Target

13/03/2013 09:44

Spot Gold broke 1586/87 resistance to hit the next target at 1595. We topped out just above at 1598 but above here today we are looking for the 1605 target & may even see 1609/11 this week b »

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Technical Analysis: Spot Gold - Will It Hold?

12/03/2013 09:38

Spot Gold held a very tight range last week from 1561 up to 1586/87 so we watch these parameters this week. Below 1579 we could test support at 1569/67 again today & a break below last week&rsqu »

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TECHNICAL ANALYSIS: NZD/USD - Change in Trend?

11/03/2013 15:25

Here on the NZD/USD, if you take a closer look at the chart (click left) you will notice that entering last week we transitioned into the southern hemisphere. Early on last week, we retested »

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VIDEO ANALYSIS: AUD Is Showing Bullish Patterns Against USD and JPY

11/03/2013 10:51

Sharp impulsive reversal higher last week from 1.0115 low suggests that AUD/USD found a temporary low and completed an ending diagonal in wave 5 with a throw-over formation. Throw-over occurs when vo »

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TECHNICAL ANALYSIS: EUR/USD - Within 10 Pips Of Next Target At 1.3145

11/03/2013 08:44

EUR/USD got to with in 10 pips of the next target at 1.3145 which was expected to hold the topside. 1.2965 support did just about hold again as hoped. A break today however cannot be ruled o »

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TECHNICAL ANALYSIS: USD/JPY - Getting Overbought In The Short-Term

08/03/2013 09:43

USD/JPY has pushed through the Feb highs at 94.77 & reached 95.51. We are now back at levels not seen since mid 2009 & could push on for 95.86. We are getting over bought in the short term s »

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TECHNICAL ANALYSIS: USD/JPY Forecast for 8/03/13

07/03/2013 15:56

USD/JPY has pushed through 93.75 resistance to hit the target of 93.93/94.14. This has not held us back as we look for a move towards the Feb highs at 94.77. This should be very tough to beat&nbs »

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TECHNICAL ANALYSIS: USD/JPY - Hits 93.93/94.14, Feb High Eyed

07/03/2013 13:15

USD/JPY has pushed through 93.75 resistance to hit the target of 93.93/94.14. This has not held us back as we look for a move towards the Feb highs at 94.77. This should be very tough to beat&nbs »

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TECHNICAL ANALYSIS: EUR/USD - Bullish Double Bottom Forming

07/03/2013 10:26

EUR/USD hit resistance at 1.3077 which held the bounce again. We have tested support at last week’s low of 1.2967. A break is unlikely as stated yesterday & we have in fact bounced off here »

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TECHNICAL ANALYSIS: USD/JPY - Look For JPY Moves Towards A Feb Highs

06/03/2013 16:27

USD/JPY is now holding above our support level of 93.05 & below our resistance level of 93.75. A push through 93.75 resistance targets 93.93/94.14. If this does not hold us back look for a m »

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TECHNICAL ANALYSIS: Spot Gold - Break Below 1565 Could Signal A Retest Of February Lows

06/03/2013 11:58

Spot Gold held support at 1569/67 as hoped & halted at 1587/88 resistance as predicted. Below 1579 we could now test support at 1569/67 again today & a break below 1565 could signal a retest of F »

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TECHNICAL ANALYSIS: EUR/USD - Break Above 1.3077 Likely

06/03/2013 10:30

EUR/USD hit resistance at 1.3077 which did hold the bounce as predicted, but a break above here today looks more likely & targets 1.3145 which should hold the topside now. If however we push&nbsp »

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TECHNICAL ANALYSIS: AUD Tests Key Support As Australia Wobbles

04/03/2013 16:48

Australia has been one of the few global economies to have emerged relatively unscathed from the current financial crisis.  Rich in natural resources such as iron ore and gold, to which can now b »

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TECHNICAL ANALYSIS: EUR/USD - Could This Be The Start Of A Major Sell-Off?!

04/03/2013 15:36

Recently we were tracking a possible corrective decline from 1.3700 on EUR/USD because of the overlapping structure. However, sharp and extended fall through 2012 support line with a weekly and monthl »

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TECHNICAL ANALYSIS: USD/JPY - Beginning To Look Overbought

04/03/2013 15:27

USD/JPY holding below trend line resistance at 93.68 throughout Monday. We are starting to look over bought in the short term so we could see some profit taking for a test of 93.28/18 support.&nb »

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TECHNICAL ANALYSIS: USD/JPY Profit-Taking Likely

04/03/2013 07:14

USD/JPY unexpectedly beat resistance at 93.20/30 to hit trend line resistance at 93.68. We are starting to look over bought in the short term so we could see some profit taking in this session&nb »

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TECHNICAL ANALYSIS: EUR/USD Looking Oversold

27/02/2013 15:08

EUR/USD is very oversold so a bounce today is possible to 1.3182. We should struggle here with a high possible but if we push through 1.3200 we look for a selling opportunity at 1.3283 with a&nbs »

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TECHNICAL ANALYSIS: USD/JPY Holding Above 90.61

27/02/2013 13:04

USD/JPY holding above Fibonacci support at 90.61 this week. We have failed to beat 92.36 resistance so far. The daily outlook remains negative so there is a diminishing chance we can push hi »

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TECHNICAL ANALYSIS: Spot Gold Has Fallen Back

27/02/2013 11:33

Spot Gold has fallen back after breaking the 1612 resistance & testing last week’s high at 1619.We are looking for a move below 1604 now for 1595 where we find good support as we unwindfrom a sh »

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JPY-Crosses Could Stay Under Pressure Based on S&P Outlook

27/02/2013 09:35

Markets recovered slightly in the last 24 hours after a strong sell-off on Monday. The reason for a small bounce in prices is due to good economic data from the US with better than expected CB Consume »

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TECHNICAL ANALYSIS: USD/CAD Still Bullish

26/02/2013 14:31

The USD/CAD continued to move higher in yesterday's trading session, ending the trading session with a nice clean, wide spread up candle and moving firmly away from the 1.0200 area before closing the »

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TECHNICAL ANALYSIS USD/JPY - Outlook For The Next 24 Hours

26/02/2013 13:37

USD/JPY took a huge tumble towards weekly Fibonacci support at 90.61. We bounced just above here & have failed below 92.36 resistance so far. Although the daily outlook remains negative ther »

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TECHNICAL ANALYSIS: EUR/USD Is Now Testing Major Support Line From 2012 Low

25/02/2013 10:28

EUR/USD accelerated nicely lower last week after a three wave bounce in wave B that found resistance around 1.3430. Sharp fall from there was expected as we were looking for wave C fall, the final le »

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TECHNICAL ANALYSIS: USD/JPY - Expect Test Of 93.00

21/02/2013 10:00

USD/JPY managed a bounce to resistance at 93.75 but not much further as anticipated. The 93.75/94.00 area could hold any bounce again today with the outlook remaining quite negative. However »

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TECHNICAL ANALYSIS: Oil Roundup - 21.02.13

21/02/2013 09:20

WTI Crude Oil hit our expected high at 96.90/97.00 for the March contract as we sold in to shorts. We have been building a topping pattern for 3 weeks now & yesterday we broke the base of this pattern »

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TECHNICAL ANALYSIS: Oil Roundup - 20.02.13

20/02/2013 12:06

WTI Crude Oil did hold just above 95.06/94.97 & headed higher as predicted. We expected a high at 96.90/97.00 and have so far topped out at 96.81. As stated yesterday, we are looking to sell in to sho »

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TECHNICAL ANALYSIS: USD/JPY Outlook Negative

20/02/2013 11:58

USD/JPY managed a bounce to resistance at 93.75 but not much further as anticipated. The 93.75/94.00 area could hold any bounce again today with the outlook remaining quite negative. However »

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TECHNICAL ANALYSIS: USD/JPY - Pair Remains Bullish While Above 92.18.

20/02/2013 10:35

Investors may have noticed that the USD/JPY has been trapped in 92-94-50 range for more than two weeks now. And we know that usually an overlapping price action in ranged market represents a correctiv »

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OIL TECHNICAL ANALYSIS: WTI Crude Targeting 96.17?

19/02/2013 12:36

WTI Crude Oil was predicted to sell off on Friday & we saw sharp losses for a retest of Feb lows at 95.06/94.97. We bounced just above here & with short term oscillators flashing over sold we should h »

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TECHNICAL ANALYSIS: CAD/JPY Makes Choppy Advance

19/02/2013 10:43

Bullish advancement in CAD/JPY has not been as smooth as Canada’s North American counterpart USD/JPY. CAD has seen some volatility itself which caused a few bumps and pullbacks along the way. U »

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TECHNICAL ANALYSIS: EUR/USD Test Of 7-Month Uptrend Likely

19/02/2013 09:07

EUR/USD fell to test very good support at 1.3320/10 where we predicted a low for last week. This worked perfectly with a low at 1.3306 & a bounce back to resistance at 1.3377 which is exactly&nbs »

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TECHNICAL ANALYSIS: Oil Roundup - 14.02.13

14/02/2013 12:22

WTI Crude Oil went for a retest of 98.15/25 highs where we expected prices to top out with over bought indicators flashing in the short term & a bearish divergence on the daily chart. The high was 98. »

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TECHNICAL ANALYSIS: Oil Roundup - 13.02.13

13/02/2013 11:22

WTI Crude Oil caught us out with a break above 96.90/97.10 resistance. We reached the next target of 97.50 and are pushing on for a retest of 98.15/25 highs. Here we should top out with over bought in »

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TECHNICAL ANALYSIS: Gold - Get Set For Profit-Taking

13/02/2013 10:57

Spot Gold dipped below 1643/42 but only to 1639 before recovering. If we can now hold above 1649 we should push on to 1656/57 resistance. We could top out here so worth taking profit on lon »

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TECHNICAL ANALYSIS: USD/JPY Set To Test 2010 Highs?

13/02/2013 10:14

The USD/JPY eased back to 93.05/92.95 for our buying opportunity & we bottomed just below at 92.83. We are moving higher again as hoped but should run in to resistance at 93.90/94.05. Watch »

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TECHNICAL ANALYSIS: Makes Unexpected Jump Through 93.99

12/02/2013 12:39

The USD/JPY has unexpectedly broker higher through 93.99/94.07. If we now break above 94.50 we should continue with the highs of 2010 at 94.80/94.99 likely to be tested. If this does not hold us back »

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VIDEO TECHNICAL ANALYSIS: EUR/USD, AUD/USD And EUR/AUD

12/02/2013 10:17

In this video, Gregor Horvat takes a look at the outlook for EUR/USD, AUD/USD AND EUR/AUD. In EUR/USD, the team is tracking final stages of a wave B running triangle (00:19). Despite some choppy cond »

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TECHNICAL ANALYSIS: Choppy Outlook For The EUR/USD

12/02/2013 09:15

EUR/USD held just above support at 1.3310/1.3290. 1.3415/20 is resistance today but above here look for 1.3473. We may see a top here but if wepush higher look for 1.3518, possibly 1.3564 to exit lon »

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TECHNICAL ANALYSIS: USD/JPY Backing Away From 93.99

11/02/2013 16:40

The USD/JPY has backed away from 93.99 major long term yearly resistance as predicted & hit our second target of 92.58/45. We are building a short term topping pattern which will be confirmed&nbs »

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Technical Analysis: EUR/USD To Test Support At 1.3310/1.3290

11/02/2013 12:53

EUR/USD could not quite make it to resistance at 1.3451 where we looked to take profit on longs& is hovering around 1.3375/70. It does look like we will test support at 1.3310/1.3290 todayfor a buying »

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Technical Analysis: Oil Roundup - 11.02.13

11/02/2013 12:46

WTI Crude Oil is setting itself up for a big fall as we began to warn last week while we hold below 96.90/97.10 resistance. We expect a break of good support at 95.05/94.90 perhaps as soon as today, t »

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TECHNICAL ANALYSIS: No Clear Direction Yet For The AUD/USD

08/02/2013 14:37

The weekly chart for the Aussie dollar gives us an excellent technical perspective on where we are following a week of significant fundamental news for Australia. The first thing to note is that the »

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Cable Finally Finds A Base - But For How Long?

08/02/2013 14:25

Following an extended period of bearish sentiment towards cable which was first triggered by the isolated pivot high at 1.6343 on 2nd January along with a second on 11th January at 1.6180, the pair ha »

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Technical Analysis: Oil Roundup - 08.02.13

08/02/2013 09:23

WTI Crude Oil did just hold 97.00 as hoped and did not trigger stops on shorts as we topped at 97.21. We then hit our target of 95.77. This market is setting itself up for a big fall but we need a bre »

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Technical Analysis: EUR/USD Set To Test 1.3465/55

07/02/2013 10:01

EUR/USD held Tuesday’s high of 1.3598 as we look for a test of good support at 1.3465/55 today & this could hold the downside. However longs need a stop below 1.3425 for 1.3375 and again&nb »

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Technical Analysis: Oil Roundup – 07.02.13

07/02/2013 08:48

WTI Crude Oil broke support at 96.44 towards our lower target of 94.90/80 which we expected to be a very good buying opportunity & a low expected & we bottomed just above at 95.04. We have seen a big »

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