FX Market Commentary 12/05/2014

FX – EURO

THE EURO closed higher 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 neutral to bearish signalling that sideways to lower prices are possible nearterm. If it renews this year's decline, monthly support crossing is the next downside target. Closes above the reaction high crossing are needed to confirm that a low has been posted.

FX – YEN

THE YEN closed lower on Thursday. The midrange close sets the stage for a steady opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends this fall's rally, weekly resistance 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 - SWISS FRANC

THE SWISS FRANC closed lower on Thursday. The midrange close sets the stage for a steady opening when Friday's night session begins trading. Stochastics and the RSI are 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. If it renews the decline off November's high, the reaction low crossing is the next downside target.

FX – STERLING

STERLING closed lower on Thursday. The midrange close sets the stage for a steady opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signalling that sideways to lower prices are possible nearterm. If it resumes the decline off July's high, the 75% retracement level of the 20132014rally crossing is the next downside target. Closes above the 20day moving average crossing are needed to confirm that a low has been posted.

The Daily FX Markets Commentary brought to you by HY Markets in collaboration with JP&Partners Worldwide. All rights reserved. 

FX Market Commentary 12/04/2014

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 renews this year's decline, monthly support crossing is the next downside target. Closes above the reaction high crossing are needed to confirm that a low has been posted.

FX – YEN

THE YEN 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 are neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends this fall's rally, weekly resistance 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 - 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 are 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. If it renews the decline off November's high, the reaction low crossing is the next downside target.

FX - STERLING

STERLING closed higher on Wednesday. The midrange close sets the stage for a steady opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signalling that sideways to lower prices are possible nearterm. If it resumes the decline off July's high, the 75% retracement level of the 20132014rally crossing is the next downside target. Closes above the 20day moving average crossing are needed to confirm that a low has been posted.

The Daily FX Market Commentary brougth to you by HY Markets in collaboration with JP&Partners Worldwide. All rights reserved. 

Forex Pivot Points & Technical Analysis 12/04/2014

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

EURUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.2335$ with targets at 1.2280$ next 1.2245$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.2335$ with targets at 1.2370$ next 1.2425$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance:  1.2360, 1.2535, 1.2605, 1.2770, 1.2890

Support:  1.2305, 1.2240, 1.2160

 GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5680$ with targets at 1.5775$ next 1.5860$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.5680$ with targets at 1.5595$ next 1.5500$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5825, 1.5875, 1.5950, 1.6025, 1.6185

Support: 1.5570, 1.5430, 1.5270

USDCHF - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9755 with targets at 0.9800 next 0.9825 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9755 with targets at 0.9730 next 0.9685 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.9790, 0.9840, 0.9890, 0.9970

Support: 0.9720, 0.9595, 0.9525, 0.9360

USDJPY - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 119.60 with targets at 120.10 next 120.40 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 119.60 with targets at 119.35 next 118.85 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 120.05, 120.50, 121.00

Support: 118.60, 117.25, 116.80, 115.45, 113.80

USDCAD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.1370 with targets at 1.1315 next 1.1260 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.1370 with targets at 1.1420 next 1.1475 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.1470, 1.1500, 1.1545

Support: 1.1310, 1.1290, 1.1180, 1.1120, 1.1070

AUDUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.8415 with targets at 0.8365 next 0.8335 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.8415 with targets at 0.8450 next 0.8495 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.8545, 0.8560, 0.8680, 0.8723, 0.8880

Support: 0.8350, 0.8315, 0.8270

NZDUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.7765 with targets at 0.7720 next 0.7690 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.7765 with targets at 0.7795 next 0.7835 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7925, 0.7950, 0.7980, 0.8035, 0.8070

Support: 0.7700, 0.7650, 0.7620, 0.7575

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.

The Daily Forex Points & Technical Analysis brought to you by STOCK.com in collaboration with JP&Partners Worldwide. All rights reserved. 

FX Market Commentary 12/03/2014

FX – EURO

 

THE EURO closed lower on Tuesday. The lowrange close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. If it renews this year's decline, monthly support crossing is the next downside target. Closes above the reaction high crossing are needed to confirm that a low has been posted.

FX – YEN

THE YEN closed higher on Tuesday as it renews this year's rally. The highrange close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends this fall's rally, weekly resistance 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 - SWISS FRANC

THE SWISS FRANC closed higher on Tuesday. The highrange close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI are 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. If it renews the decline off November's high, the reaction low crossing is the next downside targe

FX – STERLING

STERLING closed lower on Tuesday. The lowrange close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signalling that sideways to lower prices are possible nearterm. If it resumes the decline off July's high, the 75% retracement level of the 20132014rally crossing is the next downside target. Closes above the 20day moving average crossing are needed to confirm that a low has been posted.

The Daily FX Market Commentary brought to you by HY Markets in collaboration with JP&Partners Worldwide. All rights reserved. 

Forex Pivot Points and Technical Analysis 12/03/2014

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

EURUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.2415$ with targets at 1.2450$ next 1.2515$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2415$ with targets at 1.2350$ next 1.2315$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance:  1.2535, 1.2605, 1.2770, 1.2890

Support:    1.2355, 1.2325, 1.2240, 1.2160

 

GBPUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.5665$ with targets at 1.5565$ next 1.5485$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.5665$ with targets at 1.5745$ next 1.5845$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5825, 1.5875, 1.5950, 1.6025, 1.6185

Support: 1.5570, 1.5430, 1.5270

USDCHF - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9695 with targets at 0.9755 next 0.9785 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9695 with targets at 0.9665 next 0.9610 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.9740, 0.9750, 0.9790, 0.9840

Support:  0.9595, 0.9525, 0.9360, 0.9300

USDJPY - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 118.90 with targets at 119.55 next 119.95 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 118.90 with targets at 118.50 next 117.85 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 119.45, 119.70, 120.05

Support: 117.25, 116.80, 115.45, 113.80, 112.45

USDCAD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.1380 with targets at 1.1340 next 1.1275 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.1380 with targets at 1.1445 next 1.1490 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.1470, 1.1500, 1.1545

Support: 1.1310, 1.1290, 1.1180, 1.1120, 1.1070

AUDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.8475 with targets at 0.8535 next 0.8595 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.8475 with targets at 0.8420 next 0.8360 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.8545, 0.8560, 0.8680, 0.8723, 0.8880

Support: 0.8385, 0.8315, 0.8270

NZDUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.7825 with targets at 0.7760 next 0.7720 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.7825 with targets at 0.7865 next 0.7930 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7925, 0.7950, 0.7980, 0.8035, 0.8070

Support: 0.7765, 0.7700, 0.7650, 0.7620, 0.7575

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.

Forex Pivot Points and Technical Analysis 12/02/2014

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 1.2465$ with targets at 1.2510$ next 1.2555$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2465$ with targets at 1.2425$ next 1.2375$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance:  1.2535, 1.2605, 1.2770, 1.2890

Support:    1.2395, 1.2355, 1.2325, 1.2240

GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5695$ with targets at 1.5805$ next 1.5875$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.5695$ with targets at 1.5625$ next 1.5515$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5825, 1.5875, 1.5950, 1.6025, 1.6185

Support: 1.5590, 1.5570, 1.5430, 1.5270

USDCHF - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.9650 with targets at 0.9610 next 0.9575 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.9650 with targets at 0.9685 next 0.9725 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.9720, 0.9750, 0.9790, 0.9840

Support:  0.9595, 0.9525, 0.9360, 0.9300

USDJPY - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 118.45 with targets at 117.75 next  117.15  in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 118.45 with targets at 119.05 next 119.70 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 119.25, 119.70, 120.05

Support: 117.25, 116.80, 115.45, 113.80, 112.45

USDCAD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.1365 with targets at 1.1270 next 1.1215 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.1365 with targets at 1.1415 next 1.1510 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.1470, 1.1500, 1.1545

Support: 1.1310, 1.1290, 1.1180, 1.1120, 1.1070

AUDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.8475 with targets at 0.8535 next 0.8590 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.8475 with targets at 0.8420 next 0.8360 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.8540, 0.85640, 0.8680, 0.8723, 0.8880

Support: 0.8415, 0.8315, 0.8270

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7850 with targets at 0.7925 next 0.7985 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7850 with targets at 0.7790 next 0.7715 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7925, 0.7950, 0.7980, 0.8035, 0.8070

Support: 0.7765, 0.7700, 0.7650, 0.7620, 0.7575

FX Market Commentary 12/02/2014

FX – EURO

 

THE EURO closed higher on Monday and the highrange close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off November's low, the 38% retracement level of the decline of the SeptemberNovember decline 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 Monday. The lowrange close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bearish hinting that a high might be in or is near. Closes below the 20 day moving average crossing are needed to confirm that a shortterm bottom has been posted. If it renews this fall's rally, August 2007 high crossing are the next upside target.

FX - SWISS FRANC

THE SWISS FRANC closed lower on Monday. The midrange close sets the stage for a steady opening when Tuesday'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 November's high, October's low crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a shortterm high has been posted.

FX – STERLING

STERLING closed higher on Monday and 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 rally off November's low, November's high crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted.

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ForexTrade — Daily Market Commentary 12/01/2014

FX – EURO 

 

THE EURO closed sharply lower on Friday and the lowrange close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. Multiple closes below the reaction low crossing would confirm a trend change has taken place. Closes above Wednesday's high crossing would confirm that a shortterm low has been posted.

FX – YEN

THE YEN closed higher on Friday and the highrange close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signalling that additional strength is possible nearterm. If it extends the rally off September's low, the 62% retracement level of the MarchSeptember decline crossing is the next upside target. Closes below the 20day moving average would confirm that a shortterm high has been posted.

FX - SWISS FRANC

THE SWISS FRANC closed higher on Friday and the highrange close sets the stage for a steady opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. Closes above the reaction high crossing would confirm that a double bottom has been posted. Closes below Wednesday's low crossing would confirm that a shortterm high has been posted.

FX – STERLING

STERLING closed lower on Friday and 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 bullish signalling that sideways to higher prices are possible nearterm. If it extends this week's rally, the reaction high crossing is the next upside target. If it renews the decline off September's high, the 50% retracement level of the JuneSeptember rally crossing is the next downside target.

The Daily Market Commentary brought to you by Billionaire Forex Global in collaboration with HY Markets. Open your FREE account and start trading ALL Capital Markets — TODAY >> http://bit.ly/1pv55QB

ForexTRADE — Forex Pivot Points and Technical Analysis 12/01/2014

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 1.2455$ with targets at 1.2420$ next 1.2390$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.2455$ with targets at 1.2485$ next 1.2520$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance:  1.2535, 1.2605, 1.2770, 1.2890

Support:    1.2395, 1.2355, 1.2325, 1.2240

 
GBPUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.5660$ with targets at 1.5590$ next 1.5545$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.5660$ with targets at 1.5705$ next 1.5770$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5740, 1.5825, 1.5875, 1.5950, 1.6025, 1.6185

Support: 1.5570, 1.5430, 1.5270

USDCHF - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9645 with targets at 0.9670 next 0.9695 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9645 with targets at 0.9620 next 0.9595 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.9720, 0.9750, 0.9790, 0.9840

Support:  0.9615, 0.9570, 0.9550, 0.9360, 0.9300

USDJPY - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 118.40 with targets at 118.95 next 119.30 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 118.40 with targets at 118.00 next  117.50  in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 119.25, 119.70, 120.05

Support: 117.25, 116.80, 115.45, 113.80, 112.45

USDCAD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.1395 with targets at 1.1450 next 1.1505 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.1395 with targets at 1.1345 next 1.1285 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.1470, 1.1500, 1.1545

Support: 1.1405, 1.1370, 1.1290, 1.1180, 1.1120, 1.1070

AUDUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.8510 with targets at 0.8480 next 0.8455 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.8510 with targets at 0.8530 next 0.8560 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.8540, 0.85640, 0.8680, 0.8723, 0.8880

Support: 0.8415, 0.8315, 0.8270

NZDUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.7840 with targets at 0.7810 next 0.7795 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.7840 with targets at 0.7855 next 0.7885 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7925, 0.7950, 0.7980, 0.8035, 0.8070

Support: 0.7765, 0.7700, 0.7650, 0.7620, 0.7575

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