USD/JPY - Trading Week 07 (11.02 - 15.02) - 2013

Background

TREND - UP

RESUME & VIEW - THE UPTREND STARTED TO SLOW A BIT AFTER APPROACHING THE DOUBLE TOP RESISTANCE FROM YEAR 2010  NEAR 95 LEVEL. ABOVE THAT DT RESISTANCE NEXT ONE IS SEEN AT 98. FIRST MINOR SUPPORT FOR THE PAIR IS SEEN AROUND 92.

 

RESISTANCES:

Minor - 94.00

Moderate - 95.00 | 98.00

Strong - 

 

PIVOT POINT - 93.00

 

SUPPORTS:

Minor - 92.00 | 91.30

Moderate - 90.00 | 88.00

Strong -  

 

Situation Chart:

Dow Jones Industrial Average (YM Fut. Continuous Chart) - Trading Week 06 (04.02 - 08.02) - 2013

Background

TREND - UP

RESUME & VIEW - THE INDEX ALMOST REACHED 14000 PSYCHOLOGICAL LEVEL. COULD SLOW A BIT HERE DOING SOME CORRECTIVE MOVE. FISRT SUPPORT IS SEEN AROUND 13650 LEVEL.

 

RESISTANCES:

Minor - 

Moderate - 14000

Strong - 14300

 

PIVOT POINT - 13850

 

SUPPORTS:

Minor - 13800 | 13380

Moderate - 13650

Strong -  

 

Situation Chart:

DAX Germany - Trading Week 06 (04.02 - 08.02) - 2013

Background

TREND - UP

RESUME & VIEW - ALMOST REACHED 8000 PSYCHOLOGICAL SUPPORT, BUT SLOWD A BIT. 7600 IS THE FIRST SUPPORT.  BELOW THERE IS NO REAL SUPPORT TILL THE STRONG ONE AROUD 7000 LEVEL, BUT ONLY A TRENDLINE CURRENTLY LOCATED NEAR 7500 LEVEL.

 

RESISTANCES:

Minor - 7875

Moderate - 8000

Strong - 8135

 

PIVOT POINT - 7815

 

SUPPORTS:

Minor -  7450

Moderate - 7600 | 7000

Strong -  6940

 

Situation Chart:

SPDR S&P Homebuilders ETF - Trading Week 06 (04.02 - 08.02) - 2013

Background

TREND - UP

RESUME & VIEW - STARTED TO SLOW AROUND 29.30 LEVEL, SLIGHTLY BELOW 30.00 PSYCHOLOGICAL RESISTANCE. IT IS TIME FOR A RETRACE. 27.20 IS SEEN AS SUPPORT FOR THE UPTREND. IF IT GOES BELOW THERE IS TRENDLINE CURRENTLY LOCATED NEAR 26.00 LEVEL WHICH WILL HOLD IT UP.

 

RESISTANCES:

Minor - 29.30

Moderate - 30.00 | 31.00

Strong - 

 

PIVOT POINT - 28.92

 

SUPPORTS:

Minor - 28.00

Moderate - 27.20 | 25.50

Strong -  24.00

 

Situation Chart:

10-Year Treasury Note (ZN Fut. Continuous chart) - Trading Week 06 (04.02 - 08.02) - 2013

Background

TREND - NEUTRAL TO DOWN

RESUME & VIEW - IT IS STILL MOVING AROUND 131 LEVEL. THERE IS NOT ENOUGH POWER TO DEEP BELOW THAT LEVEL FOR NOW. NEED TO GAIN MOMENTUM BELOW 131.00 LEVEL TO OPEN THE WAY TO TEST THE NEXT IMPORTANT AND STRONG SUPPORT NEAR 127.00. THE RESISTANCE IS AT 132.15.

 

RESISTANCES:

Minor - 131.15

Moderate - 132.15 | 133.00 | 135.00

Strong - 

 

PIVOT POINT - 131.15

 

SUPPORTS:

Minor - 130.00 | 128.25

Moderate - 131.00 

Strong - 127.00

 

Situation Chart:

EuroBund - Trading Week 06 (04.02 - 08.02) - 2013

Background

TREND - NEUTRAL TO UP 

RESUME & VIEW - DID A BREAKOUT OF 142 SUPPORT. TEST OF 140 IS LIKELY TO BE SEEN SOON, BUT ONLY IF IT MAINTAIN TO MOVE BELOW 142.50 RESISTANCE. IF IT GOES ABOVE THAT RESISTANCE THEN IT WILL RETURN TO NEUTRALITY AGAIN.

 

RESISTANCES:

Minor - 142.50

Moderate - 144.00

Strong - 146.00

 

PIVOT POINT - 142.60

 

SUPPORTS:

Minor - 141.35 | 140.00

Moderate - 139.50

Strong -  138.40

 

Situation Chart:

Reuters/Jefferies CRB Index (Shares) - Trading Week 06 (04.02 - 08.02) - 2013

Background

TREND - NEUTRAL TO UP

RESUME & VIEW - IT DID A BREAKOUT OF THE RESISTANCE AT 28.50 WITH GAP-UP. TO BE SUCCESSFULL THE BREAKOUT AND TO BE ABLE TO GO UP FURTHER IT MUST NOT FALL MOVING BELOW 28.15 SUPPORT.

 

RESISTANCES:

Minor - 29.25

Moderate - 29.55

Strong - 30.50-31.00

 

PIVOT POINT - 28.50

 

SUPPORTS:

Minor - 28.50

Moderate - 28.15 | 27.60 | 27.30

Strong -  

 

Situation Chart:

Light Sweet Crude Oil - Trading Week 06 (04.02 - 08.02) - 2013

Background

TREND - UP TO NEUTRAL

RESUME & VIEW - HAVE ESCAPED FROM THE TRENDLINE SUCCESSFULLY. THERE IS PSYCHOLOGICAL 100. 00 LEVEL SLIGHTLY ABOVE THE CURRENT LEVEL. IT WOULD REVERSE DOWN TO TEST THE BREAKOUT OF THE TRENDLINE WHICH AT THIS MOMENT IS LOCATED AROUND 93.00 LEVEL.

 

RESISTANCES:

Minor - 

Moderate - 106.50

Strong - 100

 

PIVOT POINT - 96.80

 

SUPPORTS:

Minor - 95.00 

Moderate - 93.00 | 91.00

Strong -  

 

Situation Chart:

Copper (Commex continuous chart) - Trading Week 06 (04.02 - 08.02) - 2013

Background

TREND - NEUTRAL TO UP

RESUME & VIEW - TRIED TO BREAKOUT OF THE TREND LINE, BUT CLOSED THE WEEK MOVING AROUND. WHEN TAKING A LOOK AT THE CHART WE SEE A TRIANGLE PATTERN. THE TRIANGLES ARE COMPOSED FROM 5 POINTS WITH A-B-C-D-E LETTERS. THERE IS MISSING THE LAST 'E' LETTER FROM THE TRIANGLE TO BE COMPLETE. SO THERE IS LIKELY TO BE ANOTHER DOWNSIDE MOVE SOON. OR IF WRONG THE PATTERN WILL BE INCOMPLETE TRIANGLE, A VERY RARE SEEN PATTERN. TO BE SUCCESSFULL THE BREAKOUT OF THE TRENDLINE IT WILL NEED PURE MOMENTUM ABOVE OR TO RISE A BIT MORE AND THEN TO RETURN TO TEST THE BREAKOUT SUCCESSFULLY BOUNCING FROM IT.

 

RESISTANCES:

Minor - 

Moderate - 382  

Strong - 385 | 400

 

PIVOT POINT - 370

 

SUPPORTS:

Minor - 375 | 364

Moderate - 359 | 352

Strong -  

 

Situation Chart:

GOLD - Trading Week 06 (04.02 - 08.02) - 2013

Background

TREND - NEUTRAL

RESUME & VIEW - THE GOLD FOR ANOTHER CONSECUTIVE WEEK CONTINUE MOVING IN RANGE AROUND 1630-1700 LEVELS. TAKING A LOOK AT THE CHARTS SHOWS US THAT THE GOLD IS TIGHTLY 'LOCKED' BETWEEN TWO TRENDLINES . TO MOVE AWAY FROM THE CURRENT NEUTRALITY IT WILL NEED TO BREAKOUT OF ONE OF THE TRENDLINES AND THEN TO RETEST THE BREAK SUCCESSFULLY.

 

RESISTANCES:

Minor - 1685 | 1725

Moderate - 1700 | 1755

Strong - 

 

PIVOT POINT - 1670

 

SUPPORTS:

Minor - 1655

Moderate - 1630 | 1590 | 1560

Strong -  

 

Situation Chart:

U.S. Dollar Index - Trading Week 06 (04.02 - 08.02) - 2013

Background

TREND - NEUTRAL TO DOWN

RESUME & VIEW - THE INDEX IS MOVING AROUND VERY IMPORTANT SUPPORT ZONE. AS SEEN FROM THE CHART THAT SUPPORT IS THE NECKLINE OF THE PROJECTED HEAD AND SHOULDERS PATTERN. BREAKOUT OF THE MENTIONED NECKLINE WILL BRING TESTS OF THE STRONG 74.00 BOTTOM SUPPORT. TO BE ABLE TO ACHIEVE THIS GOAL THIS WEEK, THE INDEX MUST NOT HOLD MOVING BEYOND THE RESISTANCE FORMED AROUND 80.00 PSYCHOLOGICAL LEVEL.

 

RESISTANCES:

Minor - 79.50

Moderate - 80.30 | 81.00 | 81.50

Strong - 

 

PIVOT POINT - 79.55

 

SUPPORTS:

Minor - 77.77 | 76.70

Moderate - 79.00 | 78.50 | 74.85

Strong -  78.00

 

Situation Chart:

NZD/USD - Trading Week 06 (04.02 - 08.02) - 2013

Background

TREND - NEUTRAL TO UP

RESUME & VIEW - THE STRONG LEVEL OF RESISTANCE AROUND 0.8500 STILL AFFECTS THE MOVEMENTS IN THIS PAIR, DESPITE THE PRICE ACTION FORMED TO THE UPSIDE. THE CURRENT STRONG SUPPORT IS LOCATED AT THE LAST PRICE ACTION BOTTOM AROUND 0.8050 LEVEL, A PART OF THE UPMOVE FORMED FROM 0.7450 LEVEL. 

 

RESISTANCES:

Minor - 

Moderate -  0.8575

Strong - 0.8500 | 0.8850

 

PIVOT POINT - 0.8375

 

SUPPORTS:

Minor - 0.8300

Moderate - 0.8150

Strong -  0.8050

 

Situation Chart:

AUD/USD - Trading Week 06 (04.02 - 08.02) - 2013

Background

TREND - NEUTRAL TO UP

RESUME & VIEW - THE PAIR IS MOVING IN RANGE INTO THE FORMING TRIANGLE. IT NEEDS SOME FUNDAMENT TO ESCAPE FROM THE RANGE FORMED BETWEEN 1.0150-1.0600 LEVELS.

 

RESISTANCES:

Minor - 1.0485 | 1.0680

Moderate - 

Strong - 1.0600 | 1.0850 | 1.0180

 

PIVOT POINT - 1.0420

 

SUPPORTS:

Minor - 

Moderate - 1.0340 | 1.0300 | 1.0230

Strong -  1.0150

 

Situation Chart:

USD/CAD - Trading Week 06 (04.02 - 08.02) - 2013

Background

TREND - NEUTRAL

RESUME & VIEW - THE PAIR TRIED TO BREAKOUT OF THE PSYCHOLOGICAL PARITY(1.0000) LEVEL LAST WEEK, BUT WITHOUT SUCCESS. IT IS CURRENTLY MOVING AROUND THE SUPPORT AT 0.9965. TO BE ABLE TO TRY TO BREAKOUT AGAIN IT MUST MOVE ABOVE THAT LEVEL.

 

RESISTANCES:

Minor - 

Moderate -  1.0100 | 1.0235

Strong - 

 

PIVOT POINT - 1.0020

 

SUPPORTS:

Minor - 0.9965 | 0.9900

Moderate - 0.9820 | 0.9740

Strong -  

 

Situation Chart:

USD/CHF - Trading Week 06 (04.02 - 08.02) - 2013

Background

TREND - NEUTRAL TO DOWN

RESUME & VIEW - THE PAIR EXTENDED THE DOWNSIDE MOVE LAST WEEK TESTING THE PSYCHOLOGICAL SUPPORT AT 0.9000. THE TENDENCY WITH THIS PAIR IS TO MOVE LOWER TO TEST THE FIRST PRICE ACTION BOTTOM AT 0.8930, WHICH IS SUPPORT THE PAIR TO MOVE UP FROM ABOVE THERE. IN SUCCESSFULL BREAKOUT OF THAT LEVEL THE NEW TARGET WILL BE THE PSYCHOLOGICAL 0.8000 LEVEL. LET US REMING THAT THE BOTTOM AT 0.8930 IS IMPORTANT BECAUSE IT IS THE LAST ONE HIGHER BOTTOM MADE AFTER THE UPMOVE FROM 0.7000 PSYCHOLOGICAL BOTTOM SUPPORT. THERE WE SEE RESISTANCE FORMED AROUND 0.9400 LEVEL.

 

RESISTANCES:

Minor - 0.9200

Moderate - 0.9400 | 0.9500

Strong - 

 

PIVOT POINT - 0.9165

 

SUPPORTS:

Minor - 0.8760

Moderate -0.9030 | 0.9000 | 0.8565

Strong -  0.8930

 

Situation Chart:

EUR/USD - Trading Week 06 (04.02 - 08.02) - 2013

Background

TREND - UP

RESUME & VIEW - THE PAIR IS IN NEWLY FORMING UPTREND, AFTER THE BREAKOUT OF 1.3000 PSYCHOLOGICAL LEVEL. AFTER THE BREAKOUT THE PAIR HAVE TESTED 1.3000 LEVEL AND MADE IT SUPPORT. THE FIRST TARGET FOR THE PAIR IS 1.4000 PSYCHOLOGICAL LEVEL. ABOVE, THERE IS RESISTANCE AROUND 1.42501.4300 LEVEL, WHICH IS TOP FROM LATE OCTOBER 2011 ALSO PIVOT POINT FOR THE RANGE FORMED IN THE MIDDLE OF THE YEAR 2011. THE FIRST IMPORTANT SUPPORT FOR THE UPTREND IS SLIGHTLY BELOW 1.3300 LEVEL, BUT THE PAIR COULD FORM SUPPORT NEAR 1.3500 LEVEL.

 

RESISTANCES:

Minor - 1.3800

Moderate - 1.3870 

Strong - 1.4250

 

PIVOT POINT - 1.3540

 

SUPPORTS:

Minor - 1.3500 | 1.3400

Moderate - 1.3260 | 1.3000

Strong -  

 

Situation Chart:

GBP/USD - Trading Week 06 (04.02 - 08.02) - 2013

Background

TREND - DOWN TO NEUTRAL

RESUME & VIEW - THE PAIR HAVE HARDENED THE BREAKOUT BELOW 1.5850 LEVEL, THAT HAVE BEEN SUPPORT BEFORE THE BREAKOUT. IT HAVE SUCCESSFULLY TESTED THAT LEVEL FALLING OF IT LAST WEEK. THE TARGET FOR THE BREAKOUT IS 1.5300 STRONG SUPPORT. FOR THE IMPLEMENTATION OF THE POSSIBILITY OF REACHING THE MENTIONED STRONG SUPPORT AT 1.5300 LEVEL, THE PAIR MUST HOLD MOVING DOWN BELOW THE HARDENED RESISTANCE AT 1.5900 LEVEL.

 

RESISTANCES:

Minor - 

Moderate - 1.5900 | 1.6000 | 1.6180

Strong - 1.6300

 

PIVOT POINT - 1.5780

 

SUPPORTS:

Minor - 1.5635 | 1.5570

Moderate - 1.5500 | 1.5450 | 1.5400

Strong -  1.5300

 

Situation Chart:

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