USD/JPY - Trading Week 09 (25.02 - 01.03) - 2013

Background

TREND - UP

RESUME & VIEW - CONTINUE MOVING IN CONSOLIDATION AREA BETWEEN 92 AND 94.50.  NEED A BREAKOUT OF 94.50 TO RESUME THE UPWARD MOMENTUM.

 

RESISTANCES:

Minor - 

Moderate - 95.00 | 98.00 | 99.00 | 100.00

Strong - 101.50

 

PIVOT POINT - 93.50

 

SUPPORTS:

Minor - 92.00 | 90.00 | 87.00

Moderate - 88.00

Strong -  

 

Situation Chart:

Dow Jones Industrial Average (YM Fut. Continuous Chart) - Trading Week 08 (18.02 - 22.02) - 2013

Background

TREND - UP

RESUME & VIEW - THE INDEX CONTINUE MOVING UP SLOWER AS THERE IS RESISTANCE ZONE BETWEEN 14000 PSYCHOLOGICAL LEVEL AND THE HISTORICAL TOP RESISTANCE AT 14280. IT WILL PROBABLY CONTINUE MOVING SLOW UNTILL EMERGING ABOVE THAT RESISTANCE ZONE. 13800 REMAINS SUPPORT FOR THE CURRENT UPTREND.

 

RESISTANCES:

Minor - 14500

Moderate - 14000 

Strong - 14250

 

PIVOT POINT - 13943

 

SUPPORTS:

Minor - 13650 | 13500

Moderate - 13800 | 13385

Strong -  

 

Situation Chart:

DAX Germany - Trading Week 08 (18.02 - 22.02) - 2013

Background

TREND - UP TO NEUTRAL

RESUME & VIEW - THE INDEX IS STILL MOVING ABOVE THE SMALL TRENDLINE PROJECTION WITH 1ST POINT BOTTOM FROM 05/06/2012 AND THE 2ND ONE FROM 15/11/2012. AROUND THERE AT 7500 LEVEL THERE IS ALSO PREVIOUS TOP BEEN BROKENED NOW ACTING AS SUPPORT. IT IS TRYING TO FIND SUPPORT SOMEWHERE HERE. AS THERE IS STRONG RESISTANCE ZONE BETWEEN 8000-8150 LEVELS IT IS LIKELY TO FORM A CONSOLIDATION AREA BETWEEN 7500 AND 8000 LEVELS, BEFORE TO CONSIDER MOVING FURTHER UP OR DOWN.

 

RESISTANCES:

Minor - 

Moderate - 7750| 7875 | 8000

Strong - 8150

 

PIVOT POINT - 7652

 

SUPPORTS:

Minor -  7535 | 7265

Moderate - 7500

Strong -  7000

 

Situation Chart:

SPDR S&P Homebuilders ETF - Trading Week 08 (18.02 - 22.02) - 2013

Background

TREND - UP

RESUME & VIEW - BOUNCED WELL FROM 28 SUPPORT. BUT IT IS MOVING INTO RESISTANCE ZONE HERE BELOW 30 PSYCHOLOGICAL LEVEL. IT HAVE TO EMERGE ABOVE THERE TO COLLECT MORE BUYERS. 

 

RESISTANCES:

Minor - 31.15

Moderate - 29.30 | 30.00 

Strong - 

 

PIVOT POINT - 28.90

 

SUPPORTS:

Minor - 26.50

Moderate - 28.00 | 27.20 | 25.50

Strong - 

 

Situation Chart:

10-Year Treasury Note (ZN Fut. Continuous chart) - Trading Week 08 (18.02 - 22.02) - 2013

Background

TREND - NEUTRAL TO DOWN

RESUME & VIEW - CONTINUED MOVING IN RANGE SLIGHTLY ABOVE 131 SUPPORT. PROBABLY WILL CONTINUE MOVING AROUND THAT SUPPORT. WE SEE FROM THE CHART THAT 10Y-TNOTE BROKENED THE LONG TERM TRENDLINE, IT IS ALSO MOVING WELL BELOW 200SMA. 50 SMA STARTED TO SLOPE DOWN AND IS ACTING AS RESISTANCE ALEADY. IF WE SEE BREAKDOWN OF 131 SUPPORT WITH A DAILY CLOSE WELL BELOW THAT LEVEL IT WILL MEAN DEEPER CORRECTION IS ON WAY WITH SIGHT OVER 127 STRONG SUPPORT TEST.

 

RESISTANCES:

Minor -  131.30

Moderate - 132.20 | 133.00

Strong - 135.00

 

PIVOT POINT - 131.13

 

SUPPORTS:

Minor -  130.00

Moderate - 131.00 | 128.25 | 127.25

Strong - 127.00

 

Situation Chart:

EuroBund - Trading Week 08 (18.02 - 22.02) - 2013

Background

TREND - NEUTRAL

RESUME & VIEW - CONTINUED MOVING IN RANGE BETWEEN 141-144 BORDERS. IT HAVE TO BREAKOUT OF THAT RANGE ZONE TO ESCAPE THE LOCK IN NEUTRALITY ZONE. THERE IS STILL A CHANCE TO FORM AN INVERTED H&S PATTERN WITH SUPPORT AT 141.

 

RESISTANCES:

Minor - 143.14

Moderate - 144.00 | 146.00

Strong - 147.00

 

PIVOT POINT - 142.50

 

SUPPORTS:

Minor - 141.85

Moderate - 141.30 | 139.50 | 138.38

Strong -  

 

Situation Chart:

Reuters/Jefferies CRB Index (Shares) - Trading Week 08 (18.02 - 22.02) - 2013

Background

TREND - NEUTRAL

RESUME & VIEW - CONTINUED FALLING AFTER THE INABILITY TO EMERGE ABOVE 28.60 RESISTANCE. THE LAST AREA OF SUPPORT TO BE ABLE TO FORM INVERTED H&S PATTERN IS ADOUND 28, WHERE ARE CROSSED 50 AND 200SMAs. BELOW THERE WILL OPEN THE WAY OF 27.35 BOTTOM TEST.

 

RESISTANCES:

Minor - 28.40

Moderate - 28.85 | 29.30 | 29.55 

Strong - 

 

PIVOT POINT - 28.23

 

SUPPORTS:

Minor - 27.60

Moderate - 28.00 | 27.50 | 27.30

Strong -  

 

Situation Chart:

Light Sweet Crude Oil - Trading Week 08 (18.02 - 22.02) - 2013

Background

TREND - UP TO NEUTRAL

RESUME & VIEW - THE OIL IS STILL IN CONSOLIDATION AFTER THE BREAKOUT OF THE TRENDLINE AROUND 95, TRYING TO MAKE THAT ZONE A SUPPORT NOW. FAILING TO MAKE A SUPPORT AROUND THERE WILL BRING TEST OF THE TRENDLINE CURRENTLY LOCATED AROUND 92.50 SUPPORT.

 

RESISTANCES:

Minor - 

Moderate - 98.30 | 100.50 | 106.50

Strong - 

 

PIVOT POINT - 96.55

 

SUPPORTS:

Minor -  

Moderate - 95.00 | 92.50 | 90.50

Strong -  

 

Situation Chart:

Copper (Commex continuous chart) - Trading Week 08 (18.02 - 22.02) - 2013

Background

TREND - UP TO NEUTRAL

RESUME & VIEW - THE COPPER STUCK, MOVING BELOW THE TRIANGLE'S UPPER TRENDLINE NEAR 375. TO TURN IN CLEAR UPTREND IT WILL NEED TO BREAKOUT OF THAT TRIANGLE WITH A CONFIRMATION AS MAKING SUPPORT AROUND 380 AFTER THE BREAKOUT. OTHERWISE FALLING FROM HERE WILL BRING BACK NEUTRALITY. AND FURTHER FALLING BELOW 360 WILL MEAN THE LAST E-POINT OF THE TRIANGLE IS MADE WITH POSSIBLE TEST OF 300 ON SIGHTS.

 

RESISTANCES:

Minor - 

Moderate - 378 | 382

Strong - 385 | 400

 

PIVOT POINT - 373

 

SUPPORTS:

Minor - 370 | 363

Moderate - 359 | 352

Strong -  

 

Situation Chart:

GOLD - Trading Week 08 (18.02 - 22.02) - 2013

Background

TREND - DOWN TO NEUTRAL

RESUME & VIEW - THE GOLD DID A BREAKOUT OF 1630 SUPPORT GETTING AWAY FROM NEUTRALITY. IT IS STARTING TO FORM A DOWNTREND WITH SIGHTS OVER 1525 STRONG SUPPORT TESTING. RESISTANCE FOR THE NEWLY FORMING DOWNTREND IS AT 1630. NEXT SUPPORT IS SEEN AT 1585.

 

RESISTANCES:

Minor - 1630 | 1650

Moderate - 1665| 1685 | 1700 

Strong - 

 

PIVOT POINT - 1634

 

SUPPORTS:

Minor - 1650

Moderate - 1585 | 1550-1555

Strong -  1525

 

Situation Chart:

U.S. Dollar Index - Trading Week 08 (18.02 - 22.02) - 2013

Background

TREND - NEUTRAL

RESUME & VIEW - THE INDEX CONTINUE MOVING SIDEWAYS INSIDE THE 79-81 RANGE BORDERS. IT IS CURRENTLY APPROACHING THE UPPER BORDER OF THE RANGE AROUND 81.00 LEVEL. TO CHANGE THE CURRENT NEUTRALITY TO SOME UPTREND FORMING FROM THIS POINT, IT WILL NEED TO EMERGE ABOVE 81.00 RESISTANCE AND AFTER THAT TO TEST THE BREAKOUT WITH MAKING IT SUPPORT.

 

RESISTANCES:

Minor - 82.00

Moderate - 80.30 | 81.60 | 83.00

Strong - 81.00

 

PIVOT POINT - 80.30

 

SUPPORTS:

Minor - 79.90

Moderate - 79.00 | 78.50

Strong -  78.00

 

Situation Chart:

NZD/USD - Trading Week 08 (18.02 - 22.02) - 2013

Background

TREND - UP TO NEUTRAL

RESUME & VIEW -  TRIED TO EMERGE AND MADE NEW HIGH SLIGHTLY ABOVE 0.8500 STRONG RESISTANCE, BUT FAILED TO BREAKOUT OF IT AGAIN. SUPPORT FOR THE UPTREND IS SEEN AROUND 0.8300.

 

RESISTANCES:

Minor - 

Moderate -  

Strong - 0.8500-0.8570 | 0.8850

 

PIVOT POINT - 0.8420

 

SUPPORTS:

Minor - 

Moderate - 0.8300

Strong -  0.8150

 

Situation Chart:

AUD/USD - Trading Week 08 (18.02 - 22.02) - 2013

Background

TREND - NEUTRAL

RESUME & VIEW - BOUNCED FROM 1.0230 SUPPORT ZONE FALLING TO STAY MOVING BELOW THE 200SMA AROUND 1.0300. REMAINS NEUTRAL.

 

RESISTANCES:

Minor - 1.0380

Moderate -  1.0480

Strong - 1.0600

 

PIVOT POINT - 1.0300

 

SUPPORTS:

Minor - 1.0235 | 1.0100

Moderate - 1.0290 | 1.0150 | 1.0000

Strong -  

 

Situation Chart:

USD/CAD - Trading Week 08 (18.02 - 22.02) - 2013

Background

TREND - NEUTRAL TO UP

RESUME & VIEW - THE PAIR MANAGED TO STAY AND FOUND SUPPORT ABOVE 1.0000 PARITY LEVEL. THERE IS A CHANCE TO FORM PRICE ACTION AND UPTREND FORMING FROM HERE WITH MOVING UP ABOVE THE SUPPORT MENTIONED AT 1.0000 PARITY LEVEL. FOR THE IDEA TO BE REALIZED IT WILL NEED ALSO TO EMERGE ABOVE 1.0100 RESISTANCE THIS WEEK!

 

RESISTANCES:

Minor - 

Moderate -  1.0100 | 1.0230 | 1.0360

Strong - 1.0450

 

PIVOT POINT - 1.0040

 

SUPPORTS:

Minor - 1.0000

Moderate - 0.9930 | 0.9830

Strong -  

 

Situation Chart:

USD/CHF - Trading Week 08 (18.02 - 22.02) - 2013

Background

TREND - NEUTRAL TO DOWN

RESUME & VIEW - THE PAIR CONTINUES MOVING UP SLOWLY AFTER THE BOUNCE FROM 0.9000 PSYCHOLOGICAL AND SUPPORT LEVEL. LOOKS LIKE THE SIGHTS ARE CONCENTRATED OVER 0.9400 RESISTANCE. THERE IS MINOR SUPPORT AT 1.9150.

 

RESISTANCES:

Minor - 

Moderate - 0.9500 

Strong - 0.9400

 

PIVOT POINT - 0.9195

 

SUPPORTS:

Minor - 0.9150

Moderate - 0.9000

Strong - 0.8900

 

Situation Chart:

EUR/USD - Trading Week 08 (18.02 - 22.02) - 2013

Background

TREND - UP TO NEUTRAL

RESUME & VIEW - THE PAIR IS TRYING TO BOUNCE FROM THE COMPLEX SUPPORT ZONE AT 1.3250. IT WILL BE KEY LEVEL SUPPORT TO WATCH THIS WEEK. DEEPENING DOWN BELOW THAT ZONE WILL CHANGE THE STATUS OF THE TREND FROM UP TO NEUTRAL TO NEUTRAL TO UP. 1.3500 IS THE FIRST RESISTANCE.

 

RESISTANCES:

Minor - 1.3500

Moderate - 1.3700

Strong - 

 

PIVOT POINT - 1.3410

 

SUPPORTS:

Minor - 1.3150

Moderate - 1.3250 | 1.3000 | 1.2880

Strong -  1.2700

 

Situation Chart:

GBP/USD - Trading Week 08 (18.02 - 22.02) - 2013

Background

TREND - DOWN TO NEUTRAL

RESUME & VIEW - THE PAIR FALL SHARPLY AFTER THE BREAKOUT OF 1.5650 SUPPORT. IT IS CURRENTLY TRYING TO FIND SUPPORT AROUND THE MID-PSYCHOLOGICAL 1.5500 NUMBER, WHICH ALSO ACTED AS SUPPORT TWICE AT THE MIDDLE OF YEAR 2012. THE TARGET IS 1.5250 STRONG SUPPORT. RESISTANCE FOR THE TARGET IS CURRENTLY AT 1.5650.

 

RESISTANCES:

Minor - 1.5650 | 1.6000

Moderate - 1.5900

Strong - 

 

PIVOT POINT - 1.5635

 

SUPPORTS:

Minor - 

Moderate - 1.5500 | 1.5400

Strong -  1.5250

 

Situation Chart:

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