Forex Market Commentary 30.01.2015 ‏

FX – EURO

THE EURO closed higher on Thursday. The highrange close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the aforementioned decline, monthly support crossing is the next downside target. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted.

FX - YEN

THE YEN closed higher on Thursday and the highrange close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bearish hinting that a shortterm top has been posted. Closes below the 20day moving average crossing are needed to confirm that a shortterm top has been posted. If it renews the rally off September's low, monthly resistance crossing is the next upside target.

FX - SWISS FRANC

THE SWISS FRANC closed higher on Thursday. The highrange close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signalling that sideways to higher prices are possible nearterm. Multiple closes above the 20day moving average crossing would confirm that a shortterm bottom has been posted. If it renews the decline off January's high, December's low crossing is the next downside target.

FX – STERLING

STERLING closed lower on Thursday. The lowrange close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bearish hinting that a shortterm top might be in or is near. Closes below last Monday's low crossing would confirm that a shortterm top has been posted and signal that a shortterm trend change has taken place. If it renews the rally off November's low, monthly resistance crossing is the next upside target.

Forex Pivot Points & Technical Analysis 29/01/2015

Daily technical analysis for major currency pairs, main support and resistance levels and intra-day trading strategies based on same day Pivot Points.

Forex Pivot Points:

 Pivot points are very useful tools for FX professional traders that use the previous bars' highs, lows and closings to project potential support and resistance levels for future bars.

EURUSD - Day Trading Strategies

 Bearish scenario: Short positions below the daily pivot point 1.1310$ with targets at 1.1195$ next 1.1110$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.1310$ with targets at 1.1395$ next 1.1510$ in extension.

EURUSD - Daily Chart Support and Resistance levels

 Resistance: 1.1460, 1.1650, 1.1680, 1.1755, 1.1870, 1.2000, 1.2165

Support: 1.1115, 1.1080 , 1.1020, 1.0980

GBPUSD - Day Trading Strategies

 Bearish scenario: Short positions below the daily pivot point 1.5140$ with targets at 1.5060$ next 1.4975$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.5140$ with targets at 1.5220$ next 1.5305$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

 Resistance: 1.5270, 1.5485, 1.5540, 1.5620, 1.5680, 1.5785

Support: 1.5030, 1.4950, 1.4880, 1.4770

USDCHF - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 0.9055 with targets at 0.9175 next 0.9285 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9055 with targets at 0.8940 next 0.8820 in extension.

USDCHF - Daily Chart Support and Resistance levels

 Resistance: 0.9185, 0.9210, 0.9550

Support: 0.8835, 0.8495, 0.8325, 0.8270

USDJPY - Day Trading Strategies

 Bearish scenario: Short positions below the daily pivot point 117.70 with targets at 117.15 next 116.70 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 117.70 with targets at 118.15 next 118.70 in extension.

USDJPY - Daily Chart Support and Resistance levels

 Resistance: 118.90, 119.96, 120.75, 121.70, 122.00, 122.35

Support: 117.15, 115.85, 115.50, 114.80

USDCAD - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 1.2485 with targets at 1.2575 next 1.2630 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2485 with targets at 1.2435 next 1.2340 in extension.

USDCAD - Daily Chart Support and Resistance levels

 Resistance: 1.2540, 1.2580, 1.2630

Support: 1.2380, 1.2045, 1.2020, 1.1875, 1.1795, 1.1670

AUDUSD - Day Trading Strategies

 Bearish scenario: Short positions below the daily pivot point 0.7935 with targets at 0.7840 next 0.7790 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.7935 with targets at 0.7985 next 0.8075 in extension.

AUDUSD - Daily Chart Support and Resistance levels

 Resistance: 0.8035, 0.8090, 0.8160, 0.8295, 0.8375, 0.8415

Support: 0. 0.7870, 0.7830, 0.7780, 0.7690

NZDUSD - Day Trading Strategies

 Bearish scenario: Short positions below the daily pivot point 0.7375 with targets at 0.7255 next 0.7195 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.7375 with targets at 0.7440 next 0.7560 in extension.

NZDUSD - Daily Chart Support and Resistance levels

 Resistance: 0.7400, 0.7495, 0.7610, 0.7670, 0.7795, 0.7890

Support:  0.7310, 0.7275, 0.7170

Forex Market Commentary 29.01.2015

FX - EURO

THE EURO closed lower on Wednesday. The lowrange close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this summer's decline, monthly support crossing is the next downside target. Closes below the 20day moving average crossing are needed to confirm that a top has been posted.

FX - YEN

THE YEN closed lower on Wednesday . The lowrange close sets the stage for a steady opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off January's high, the 50% retracement level of the OctoberJanuary rally crossing is the next downside target. Closes above the 10day moving average crossing would confirm that a shortterm bottom has been posted.

FX - SWISS FRANC

THE SWISS FRANC closed higher on Wednesday. The highrange close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it renews the rally off July's low, monthly resistance crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a high has been posted.

FX – STERLING

STERLING closed lower on Wednesday. The lowrange close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off July's high, the 62% retracement level of the 20132014rally crossing is the next downside target. Closes above the reaction high crossing would confirm that a low has been posted.

Forex Pivot Points & Technical Analysis 28.01.2015

Daily technical analysis for major currency pairs, main support and resistance levels and intra-day trading strategies based on same day Pivot Points.

Forex Pivot Points:

 Pivot points are very useful tools for FX professional traders that use the previous bars' highs, lows and closings to project potential support and resistance levels for future bars.

EURUSD - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 1.1245$ with targets at 1.1375$ next 1.1505$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.1245$ with targets at 1.1115$ next 1.0985$ in extension.

EURUSD - Daily Chart Support and Resistance levels

 Resistance: 1.1460, 1.1650, 1.1680, 1.1755, 1.1870, 1.2000, 1.2165

Support: 1.1115, 1.1080 , 1.1020, 1.0980

GBPUSD - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 1.5060$ with targets at 1.5125$ next 1.5170$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.5060$ with targets at 1.5015$ next 1.4945$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

 Resistance: 1.5225, 1.5270, 1.5485, 1.5540, 1.5620, 1.5680, 1.5785

Support: 1.5030, 1.4950, 1.4880, 1.4770

USDCHF - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 0.8940 with targets at 0.9115 next 0.9220 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.8940 with targets at 0.8835 next 0.8655 in extension.

USDCHF - Daily Chart Support and Resistance levels

 Resistance: 0.9185, 0.9210, 0.9550

Support: 0.8835, 0.8495, 0.8325, 0.8270

USDJPY - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 118.15 with targets at 118.95 next 119.40 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 118.15 with targets at 117.75 next 116.95 in extension.

USDJPY - Daily Chart Support and Resistance levels

 Resistance: 118.90, 119.96, 120.75, 121.70, 122.00, 122.35

Support: 117.15, 115.85, 115.50, 114.80

USDCAD - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 1.2460 with targets at 1.2510 next 1.2540 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2460 with targets at 1.2425 next 1.2375 in extension.

USDCAD - Daily Chart Support and Resistance levels

 Resistance: 1.2505, 1.2580, 1.2630

Support: 1.2395, 1.2045, 1.2020, 1.1875, 1.1795, 1.1670

AUDUSD - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 0.7910 with targets at 0.7885 next 0.7845 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7910 with targets at 0.7945 next 0.7970 in extension.

AUDUSD - Daily Chart Support and Resistance levels

 Resistance: 0.8035, 0.8090, 0.8160, 0.8295, 0.8375, 0.8415

Support: 0. 0.7880, 0.7830, 0.7780, 0.7690

NZDUSD - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 0.7435 with targets at 0.7470 next 0.7505 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7435 with targets at 0.7400 next 0.7365 in extension.

NZDUSD - Daily Chart Support and Resistance levels

 Resistance: 0.7610, 0.7670, 0.7795, 0.7890, 0.7925, 0.7950

Support: 0.7430, 0.7390, 0.7310, 0.7275

FX Market Commentary 28.01.2015

FX - EURO

THE EURO closed higher on Tuesday. The highrange close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends today's rally, weekly resistance crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted.

FX - YEN

THE YEN closed lower on Tuesday. The lowrange close sets the stage for a steady opening when Wednesday's night session begins trading. Stochastics and the RSI remain bullish signalling that additional strength is possible nearterm. If it extends the decline off December's high, monthly support crossing is the next downside target. Closes below the 20day moving average crossing are needed to confirm that a shortterm bottom has been posted.

FX - SWISS FRANC

THE SWISS FRANC closed lower on Tuesday and the lowrange close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI are bearish hinting that a high might be in or is near. If it extends today's decline, the reaction low crossing is the next upside target. Closes above the 10day moving average crossing would confirm that a shortterm botom has been posted.

FX - STERLING

STERLING closed higher don Tuesday and the highrange close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this month's decline, monthly support crossing is the next downside target. Closes above the 20day moving average crossing are needed to confirm that a shortterm low has been posted

Forex Pivot Points & Technical Analysis 27.01.2015

Daily technical analysis for major currency pairs, main support and resistance levels and intra-day trading strategies based on same day Pivot Points.

Forex Pivot Points:

Pivot points are very useful tools for FX professional traders that use the previous bars' highs, lows and closings to project potential support and resistance levels for future bars.

EURUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.1245$ with targets at 1.1375$ next 1.1505$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.1245$ with targets at 1.1115$ next 1.0985$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance: 1.1460, 1.1650, 1.1680, 1.1755, 1.1870, 1.2000, 1.2165

Support: 1.1115, 1.1080 , 1.1020, 1.0980

GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5060$ with targets at 1.5125$ next 1.5170$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.5060$ with targets at 1.5015$ next 1.4945$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5100, 1.5270, 1.5485, 1.5540, 1.5620, 1.5680, 1.5785

Support: 1.4950, 1.4880, 1.4770

USDCHF - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.8940 with targets at 0.9115 next 0.9220 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.8940 with targets at 0.8835 next 0.8655 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.9105, 0.9115, 0.9185, 0.9210

Support: 0.8835, 0.8495, 0.8325, 0.8270

USDJPY - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 118.15 with targets at 118.95 next 119.40 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 118.15 with targets at 117.75 next 116.95 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 118.90, 119.96, 120.75, 121.70, 122.00, 122.35

Support: 117.15, 115.85, 115.50, 114.80

USDCAD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.2460 with targets at 1.2510 next 1.2540 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2460 with targets at 1.2425 next 1.2375 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.2505, 1.2580, 1.2630

Support: 1.2395, 1.2045, 1.2020, 1.1875, 1.1795, 1.1670

AUDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7910 with targets at 0.7885 next 0.7845 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7910 with targets at 0.7945 next 0.7970 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.8035, 0.8090, 0.8160, 0.8295, 0.8375, 0.8415

Support: 0. 0.7880, 0.7830, 0.7780, 0.7690

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7435 with targets at 0.7470 next 0.7505 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7435 with targets at 0.7400 next 0.7365 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7610, 0.7670, 0.7795, 0.7890, 0.7925, 0.7950

Support: 0.7430, 0.7390, 0.7310, 0.7275

FX Market Commentary 27.01.2015

FX - EURO

THE EURO closed higher due to short covering on Monday as it consolidated some of the decline off December's high. The highrange close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the aforementioned decline, monthly support crossing is the next downside target.

 FX - YEN

THE YEN closed higher on Monday. The highrange close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off January's high, the 50% retracement level of the OctoberJanuary rally crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a shortterm bottom has been posted.

FX - SWISS FRANC

THE SWISS FRANC closed higher on Monday. The highrange close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible nearterm. If it extends last week's rally, weekly resistance crossing is the next upside target. Closes above the 10day moving average crossing would confirm that a shortterm bottom has been posted.

FX - STERLING

STERLING closed higher on Monday. The highrange close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends the decline off July's high, monthly support crossing is the next downside target. Closes below last Monday's low crossing would confirm that a shortterm top has been posted and signal that a shortterm trend change has taken place.

Forex Pivot Points & Technical Analysis 26.01.2015

Daily technical analysis for major currency pairs, main support and resistance levels and intra-day trading strategies based on same day Pivot Points.

 Forex Pivot Points:

Pivot points are very useful tools for FX professional traders that use the previous bars' highs, lows and closings to project potential support and resistance levels for future bars.

EURUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.1230$ with targets at 1.1085$ next 1.0970$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.1230$ with targets at 1.1345$ next 1.1490$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance: 1.1460, 1.1650, 1.1680, 1.1755, 1.1870, 1.2000, 1.2165

Support: 1.1115, 1.1080 , 1.1020, 1.0980

GBPUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.4990$ with targets at 1.4940$ next 1.4905$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.4990$ with targets at 1.5025$ next 1.5075$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5050, 1.5270, 1.5485, 1.5540, 1.5620, 1.5680, 1.5785

Support: 1.4950, 1.4880, 1.4770

USDCHF - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.8755 with targets at 0.8830 next 0.8895 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.8755 with targets at 0.8690 next 0.8610 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.8835, 0.8860, 0.8900

Support: 0.8495, 0.8325, 0.8270

USDJPY - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 117.95 with targets at 118.60 next 119.50 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 117.95 with targets at 117.05 next 116.35 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 118.90, 119.96, 120.75, 121.70, 122.00, 122.35

Support: 117.15, 115.85, 115.50, 114.80

USDCAD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.2410 with targets at 1.2460 next 1.2505 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2410 with targets at 1.2365 next 1.2315 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.2420, 1.2505, 1.2580

Support: 1.2045, 1.2020, 1.1875, 1.1795, 1.1560

AUDUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.7945 with targets at 0.7835 next 0.7770 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.7945 with targets at 0.8010 next 0.8120 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.8035, 0.8090, 0.8160, 0.8295, 0.8375, 0.8415

Support: 0. 0.7880, 0.7830, 0.7780, 0.7690

NZDUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.7465 with targets at 0.7400 next 0.7365 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.7465 with targets at 0.7495 next 0.7560 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7610, 0.7670, 0.7795, 0.7890, 0.7925, 0.7950

Support: 0.7430, 0.7390, 0.7310, 0.7275

FX Market Commentary 26.1.2015

FX - EURO

THE EURO closed lower on Friday. Today's lowrange close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI have turned bearish signalling that sideways to lower prices are possible nearterm. If it extends this week's decline,monthly support crossing is the next downside target. Closes below the 10day moving average crossing would signal that a shortterm top has been posted.

FX - YEN

THE YEN closed lower on Friday. The lowrange close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off January's high, the reaction low crossing is the next downside target. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted.

FX - SWISS FRANC

THE SWISS FRANC closed higher on Friday. The highrange close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI have turned neutral to bullish again signalling that additional strength is possible nearterm. If it renews the rally off December's low, the 87% retracement level of the NovemberDecember decline crossing is the next upside target. Closes below the 20day moving average crossing are needed to confirm that a shortterm high has been posted.

FX – STERLING

STERLING posted a key reversal down on Friday. The lowrange close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off July's high, monthly support crossing is the next downside target.

FX Market Commentary 23.1.2015

FX - EURO

THE EURO closed sharply lower on Thursday and the lowrange close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are turning neutral to bearish hinting that a shortterm top might be in or is near. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted. If it extends the aforementioned decline, monthly support crossing is the next downside target.

FX - YEN

THE YEN closed higher on Thursday and the highrange close sets the stage for a steady opening when Friday's night session begins trading. Stochastics and the RSI remain neutral to bullish signalling that additional strength is possible nearterm. If it extends the rally off October's low, December's high crossing is the next upside target. Closes above the 10day moving average crossing are needed to confirm that a shortterm bottom has been posted.

FX - SWISS FRANC

THE SWISS FRANC closed higher on Thursday and the highrange close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the aforementioned rally, weekly resistance crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted.

FX - STERLING

STERLING closed lower on Thursday and the lowrange close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible nearterm. If it renews the decline off July's high, monthly support crossing is the next downside target. Closes below the 20day moving average crossing are needed to confirm that a shortterm top has been posted.