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

Background

TREND - UP

RESUME & VIEW - THE PAIR IS IN STRONG UPTREND , BUT IS APPROACHING RESISTANCE TERRITORY WITH 1ST RESISTANCE AT 93.00 AND THE MORE STRONG ONE AT 95.00. THE PAIR IS ALSO IN OVERBOUGHT CONDITION. IT NEEDS MORE SIGNIFICANT RETRACER BEFORE TO CONTINUE THE MOVE UP. ABOVE 95 LEVEL. THERE IS FIRST SUPPORT SEEN AROUND 90.00 PSYCHOLOGICAL LEVEL. 

 

RESISTANCES:

Minor - 

Moderate - 93.00 | 98.00 | 99.00 |100.00

Strong - 95.00 | 101.50

 

PIVOT POINT - 91.65

 

SUPPORTS:

Minor - 91.30

Moderate - 90.30 | 88.00 | 87.00

Strong -  

 

Situation Chart:

Dow Jones Industrial Average (YM Fut. Continuous Chart) - Trading Week 05 (28.01 - 01.02) - 2013

Background
TREND - UP

RESUME&VIEW - EMERGED ABOVE THE TOP RESISTANCE AT 13650 COLLECTING MORE BUYERS. RETURNED TO A CLEAR UPTREND TARGETING THE HYSTORICAL TOP AT 14300. COULD FORM SUPPORT NEAR 13650 BREAKOUT.

RESISTANCE LEVELS:

Could form resistance at:

-

Moderate Levels

- 13800

- 14000

Strong levels (If daily close above strong resistance level , then it would become strong support level)

- 14300

PIVOT POINT:

- 13615

SUPPORT LEVELS:

Could form support at:

- 13650

Moderate Levels

- 13380

- 13235

- 13000

Strong levels (If daily close below strong support level , then it would become strong resistance level)

-

Situation Chart:

DAX Germany - Trading Week 05 (28.01 - 01.02) - 2013

Background
TREND - UP

RESUME&VIEW - PSYCHOLOGICAL RESISTANCES AT 8000 AND THE STRONG ONE AT 8135 REMAIN TARGETS. 7600 REMAINS SUPPORT.

RESISTANCE LEVELS:

Could form resistance at:

-

Moderate Levels

- 8000

Strong levels (If daily close above strong resistance level , then it would become strong support level)

- 8135

PIVOT POINT:

- 7760

SUPPORT LEVELS:

Could form support at:

- 7800

Moderate Levels

- 7600

- 7450

Strong levels (If daily close below strong support level , then it would become strong resistance level)

-

Situation Chart:

SPDR S&P Homebuilders ETF - Trading Week 05 (28.01 - 01.02) - 2013

Background
TREND - UP

RESUME&VIEW - ALMOST REACHED 30 PSYCHOLOGICAL LEVEL. AS IT IS PSYCHOLOGICAL ONE TWO, LIKELY TO NOT SEE MORE MOMENTUM ABOVE THAT LEVEL, BUT COULD SLOW A BIT AROUND HERE. 27.50 IS SUPPORT.

RESISTANCE LEVELS:

Could form resistance at:

-

Moderate Levels

- 30.00

- 31.00

Strong levels (If daily close above strong resistance level , then it would become strong support level)

-

PIVOT POINT:

- 28.55

SUPPORT LEVELS:

Could form support at:

-

Moderate Levels

- 27.50

- 25.50

Strong levels (If daily close below strong support level , then it would become strong resistance level)

- 25.00

Situation Chart:

10-Year Treasury Note (ZN Fut. Continuous chart) - Trading Week 05 (28.01 - 01.02) - 2013

Background
TREND - NEUTRAL TO DOWN

RESUME&VIEW - 132.00 SUPPORT WEAKENED, BUT WITH NOT SO MUCH POWER TO DEEP BELOW. NEED TO GAIN MOMENTUM BELOW 131.00 LEVEL TO OPEN THE WAY TO NEXT IMPORTANT AND STRONG SUPPORT NEAR 127.00.

RESISTANCE LEVELS:

Could form resistance at:

-

Moderate Levels

- 132.15

- 133.00

- 135.00

Strong levels (If daily close above strong resistance level , then it would become strong support level)

-

PIVOT POINT:

- 131.27

SUPPORT LEVELS:

Could form Support at:

-

Moderate Levels

- 131.00

- 128.25

Strong levels (If daily close below strong support level , then it would become strong resistance level)

- 127.00

Situation Chart:

EuroBund - Trading Week 05 (28.01 - 01.02) - 2013

Background
TREND - NEUTRAL

RESUME&VIEW - THE PSYCHOLOGICAL 140 LEVEL IS STILL A TARGET TO BE TESTED WITH RESISTANCE AT 144.00.

RESISTANCE LEVELS:

Could form resistance at:

-

Moderate Levels

- 144.00

- 146.00

Strong levels (If daily close above strong resistance level , then it would become strong support level)

- 147.00

PIVOT POINT:

- 143.00

SUPPORT LEVELS:

Could form Support at:

-

Moderate Levels

- 142.00

- 139.50

- 138.50

Strong levels (If daily close below strong support level , then it would become strong resistance level)

-

Situation Chart:

Reuters/Jefferies CRB Index (Shares) - Trading Week 05 (28.01 - 01.02) - 2013

Background
TREND - NEUTRAL

RESUME&VIEW - TO CONTINUE MOVING SIDEWAYS BETWEEN 27.30-28.50. ESCAPING THESE BORDERS WILL BRING SOME MOVE TO BUILD A TREND. UNTILL THAT IT REMAINS NEUTRAL.

RESISTANCE LEVELS:

Could form resistance at:

-

Moderate Levels

- 28.50

- 29.29

Strong levels (If daily close above strong resistance level , then it would become strong support level)

-

PIVOT POINT:

- 28.34

SUPPORT LEVELS:

Could form Support at:

-

Moderate Levels

- 27.50

- 27.30

Strong levels (If daily close below strong support level , then it would become strong resistance level)

-

Situation Chart:

Light Sweet Crude Oil - Trading Week 05 (28.01 - 01.02) - 2013

Background
TREND - UP TO NEUTRAL

RESUME&VIEW - TARGET IS 100 PSYCHOLOGICAL LEVEL. SUPPORT FOR THE MOVE IS 93.00.

RESISTANCE LEVELS:

Could form resistance at:

-

Moderate Levels

- 100.00

- 106.00

Strong levels (If daily close above strong resistance level , then it would become strong support level)

-

PIVOT POINT:

- 96.00

SUPPORT LEVELS:

Could form Support at:

- 95.00

Moderate Levels

- 93.00

- 90.00

Strong levels (If daily close below strong support level , then it would become strong resistance level)

-

Situation Chart:

Copper (Commex continuous chart) - Trading Week 05 (28.01 - 01.02) - 2013

Background
TREND - NEUTRAL

RESUME&VIEW - TO CONTINUE MOVING INSIDE THE TRIANGLE BETWEEN 350-375 LEVELS.

RESISTANCE LEVELS:

Could form resistance at:

- 370

Moderate Levels

- 375

- 385

Strong levels (If daily close above strong resistance level , then it would become strong support level)

- 400

PIVOT POINT:

- 366

SUPPORT LEVELS:

Could form Support at:

-

Moderate Levels

- 359

- 352

- 340

Strong levels (If daily close below strong support level , then it would become strong resistance level)

-

Situation Chart:

GOLD - Trading Week 05 (28.01 - 01.02) - 2013

Background
TREND - NEUTRAL

RESUME&VIEW - TO CONTINUE MOVING SIDEWAYS BETWEEN 1630-1730 LEVELS.

RESISTANCE LEVELS:

Could form resistance at:

-

Moderate Levels

- 1700

- 1725

- 1755

Strong levels (If daily close above strong resistance level , then it would become strong support level)

- 1800

PIVOT POINT:

- 1677

SUPPORT LEVELS:

Could form Support at:

-

Moderate Levels

- 1630

- 1585

- 1550

Strong levels (If daily close below strong support level , then it would become strong resistance level)

- 1525

Situation Chart:

U.S. Dollar Index - Trading Week 05 (28.01 - 01.02) - 2013

Background
TREND - NEUTRAL TO DOWN

RESUME&VIEW - PROBABLY WILL CONTINUE MOVING BETWEEN 79-81 LEVELS. NEED A BREAKDOWN BELOW 78.50 SUPPORT TO FINALLY FORM H&S PATTERN.

RESISTANCE LEVELS:

Could form resistance at:

-

Moderate Levels

- 81.00

- 81.50

Strong levels (If daily close above strong resistance level , then it would become strong support level)

-

PIVOT POINT:

- 80.00

SUPPORT LEVELS:

Could form Support at:

-

Moderate Levels

- 79.40

- 79.00

- 78.60

Strong levels (If daily close below strong support level , then it would become strong resistance level)

- 78.00

Situation Chart:

NZD/USD - Trading Week 05 (28.01 - 01.02) - 2013

Background
TREND - UP TO NEUTRAL

RESUME&VIEW - HAVE PASSED ANOTHER WEEK WITH IMPOSIBILLITY TO EMERGE ABOVE 0.8500 RESISTANCE LEVEL. WOULD REVERSE HERE TO TEST THE SUPPORT AT 0.8150.

RESISTANCE LEVELS:

Could form resistance near:

-

Moderate Levels

- 0.8470

- 0.8570

Strong levels (If daily close above strong resistance level , then it would become strong support level)

- 0.8850

PIVOT POINT:

- 0.8385

SUPPORT LEVELS:

Could form Support near:

- 0.8330

Moderate Levels

- 0.8150

- 0.8050

Strong levels (If daily close below strong support level , then it would become strong resistance level)

-

Situation Chart:

AUD/USD - Trading Week 05 (28.01 - 01.02) - 2013

Background
TREND - NEUTRAL

RESUME&VIEW - PROBABLY WILL CONTINUE MOVING SIDEWAYS BETWEEN 1.0300-1.0600 LEVELS.

RESISTANCE LEVELS:

Could form resistance near:

-

Moderate Levels

- 1.0850

Strong levels (If daily close above strong resistance level , then it would become strong support level)

- 1.0600

PIVOT POINT:

- 1.0495

SUPPORT LEVELS:

Could form Support near:

-

Moderate Levels

- 1.0350

- 1.0300

- 1.0150

- 1.0000

Strong levels (If daily close below strong support level , then it would become strong resistance level)

-

Situation Chart:

USD/CAD - Trading Week 05 (28.01 - 01.02) - 2013

Background
TREND - NEUTRAL TO UP

RESUME&VIEW - EMERGED ABOVE PARITY(1.0000). 1.0080 IS MINOR RESISTANCE. NEXT RESISTANCE TO TEST IS AROUND 1.0250. 0.9980 IS SUPPORT THIS WEEK.

RESISTANCE LEVELS:

Could form resistance near:

-

Moderate Levels

- 1.0080

- 1.0250

- 1.0350

Strong levels (If daily close above strong resistance level , then it would become strong support level)

- 1.0450

PIVOT POINT:

- 1.0000

SUPPORT LEVELS:

Could form Support near:

-

Moderate Levels

- 0.9980

- 0.9820

Strong levels (If daily close below strong support level , then it would become strong resistance level)

-

Situation Chart:

USD/CHF - Trading Week 05 (28.01 - 01.02) - 2013

Background
TREND - NEUTRAL

RESUME&VIEW - PROBABLY WILL MOVE INTO THE 0.9100-0.9400 RANGE.

RESISTANCE LEVELS:

Could form resistance near:

-

Moderate Levels

- 0.9400

- 0.9500

Strong levels (If daily close above strong resistance level , then it would become strong support level)

-

PIVOT POINT:

- 0.9285

SUPPORT LEVELS:

Could form Support near:

-

Moderate Levels

- 0.9100

- 0.9000

Strong levels (If daily close below strong support level , then it would become strong resistance level)

- 0.8930

Situation Chart:

EUR/USD - Trading Week 05 (28.01 - 01.02) - 2013

Background
TREND – UP TO NEUTRAL

RESUME&VIEW - APPROACHING 1.3500 IMPORTANT RESISTANCE. EMERGING ABOVE THAT RESISTANCE WOULD BRING TEST OF THE NEXT STRONG RESISTANCE AT 1.4250. THE SUPPORT IS AT 1.3250.

RESISTANCE LEVELS:

Could form resistance near:

- 1.3600

Moderate Levels

- 1.3850

Strong levels (If daily close above strong resistance level , then it would become strong support level)

- 1.3500

PIVOT POINT:

- 1.3360

SUPPORT LEVELS:

Could form Support near:

-

Moderate Levels

- 1.3260

- 1.3000

- 1.2875

- 1.2700

Strong levels (If daily close below strong support level , then it would become strong resistance level)

-

Situation Chart:

GBP/USD - Trading Week 05 (28.01 - 01.02) - 2013

Background
TREND – NEUTRAL TO DOWN

RESUME&VIEW - IT IS CURRENTLY TESTING IMPORTANT SUPPORT AT 1.5750. NEED TO DEEP BELOW THAT LEVEL TO BE ABLE TO TEST 1.5300 STRONG AND IMPORTANT SUPPORT. COULD GO UP TO RETRACE A BIT UP TO 1.5900 RESISTANCE.

RESISTANCE LEVELS:

Could form resistance near:

- 1.6000

Moderate Levels

- 1.5900

- 1.6200

Strong levels (If daily close above strong resistance level , then it would become strong support level)

- 1.6400

PIVOT POINT:

- 1.5820

SUPPORT LEVELS:

Could form Support near:

- 1.5600

Moderate Levels

- 1.5750

- 1.5500

- 1.5400

Strong levels (If daily close below strong support level , then it would become strong resistance level)

- 1.5300

Situation Chart:

Contact / Help. ©2020 by Mihail Mihaylov. open source blog.
Design & icons by N.Design Studio. Skin by Tender Feelings / Evo Factory.