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Reports for
29/01/2015
  • USDJPY REPORT
    29/01/15
    USDJPY holding below 117.75/70 targets support at 117.35/25. On a break lower this week look for good support at 117.00/96. Try longs with stops below 116.80. Be ready to go with a break lower using 117.00 as resistance to target 116.50/45 then 116.05/00 before January lows at 115.82. First resistance at 117.75/70 but above here targets resistance at 118.20/25. A break higher today meets strong resistance again at 118.80/85. Try shorts with a stop above 119.00. A break above the five-day range today is positive, so be ready to go with a break to target 119.30/35 and perhaps as far as trend line resistance at 119.70. A good chance of a high for the day here but if we continue higher this week look for 119.88/96.
  • AUDUSD REPORT
    29/01/15
    AUDUSD holding below 7900/7895 keeps the market under pressure to target 7873/69 then retest this week's low & support at 7850/45. Be ready to go with a break lower to target 7800 & perhaps as far as 7787. Above 7900 is less negative for now & opens the door to first resistance at 7935/40. Try shorts with stops above 7955. On a break higher however we meet strong resistance at 7995/8000 to try shorts with stops above 8025! However be ready to go with a break higher using 7995 as support to target 8040 & perhaps as far as strong resistance at 8080/85 for a selling opportunity.
  • GBPUSD REPORT
    29/01/15
    GBPUSD is overbought short term & failure to beat first resistance at 1.5155/45 targets our buying opportunity at 1.5120/1.5115. Try longs with stops below 1.5100. However a break lower targets 1.5085 then strong support at 1.5065/1.5055. A bounce from here is expected but longs will need a stop below 1.5035. First resistance at 1.5145/55 but above here targets 1.5210/1.5220 again today. There is a better chance of a break higher so shorts need stops above 1.5235 for a move to the next target of 1.5265/1.5270. There is a good chance of a high for the day here so try shorts with a stop above 1.5300. Just be aware that an unexpected break higher will then target 1.5325/1.5335.
  • EURUSD REPORT
    29/01/15
    EURUSD failure to beat first resistance at 1.1320/15 sees a retest of support at 1.1275/70. A break lower today targets support at 1.1235/30. Any longs here need stops below 1.1195/90 to target 1.1150/00 before a retest of two-day lows at 1.1113/1.1098. Failure here this week targets 1.1045 then 1.1010/1000. If we continue lower look for 1.0965/62 then 1.0930 and 1.0907/05. A break below here risks the move as far as 1.0845. Holding support at 1.1275/70 triggers a recovery to 1.1320/25 but above here look for a selling opportunity at 1.1375/85. Shorts need stops above 1.1400 for a move towards very strong resistance at 1.1445/55 & an excellent selling opportunity with stops above 1.1480. An unexpected break higher however sees 1.1455/1.1445 work as good support for a move up towards the next target of 1.1545/50. This should be a very good selling opportunity with a stop above 1.1585.
  • Gold REPORT
    29/01/15
    Gold February immediate resistance at 1288/89 is the main challenge today, but shorts need stops above 1293. A break higher targets 1298/1300 & we should struggle here. Hi if prices continue higher look for a selling opportunity at strong resistance at 1307/1308. Try shorts with a stop above 1311. However be ready to go with an unexpected positive break higher using 1308/1307 as support, for a move up to 1313 then 1319 and perhaps as far as 1322/1324. First support at yesterday's low of 1280/79 but below here targets good support at 1275/1274. This could hold the downside so try longs with stops below 1270. A break lower however could then target stronger support at 1266/1265. It should be worth buying into longs here with a stop below 1260.
Reports for
28/01/2015
  • Brent Crude REPORT
    28/01/15
    Brent Crude immediate resistance at 4855/65 but above here targets 4940/60. A break above 4980 could then target resistance at 5045/60 to try shorts with stops above 5090. Just be aware that a break higher could target 5135/45. If we continue higher this week, look for a good selling opportunity at 5220/5230. Failure to hold above 4855/65 re- targets 4800/4790. On a break lower today look for a test of good support at 4730/4725. Try longs with stops below 4700. On a break lower however look for the next downside target and support at 4640/4630. Any longs here need a stop below 4590. Be ready to go with a break lower targeting 4560 then last week's low at 4520.
  • Nat Gas REPORT
    28/01/15
    Natural Gas February immediate support at 2855/45 then the 4 week low of 2805-2766. A break lower this week is obviously negative & targets 2720/15. Any further losses could reach 2680/70 & perhaps as far as 2650/45. Below here risks a slide to 2575. Holding above 2855 re-targets 2950/60 & perhaps a re-test of resistance at 2990/3000. A good chance of a high for the day again today, but if we continue higher look for a selling opportunity at 3055/60 with stops above the gap at 3080. Be ready to go with an unexpected break higher however using 3055/60 as support to target resistance at 3125/30. On any further gains look for a selling opportunity at 3200/3220 with stops above 3245/50.
  • WTI Crude REPORT
    28/01/15
    WTI Crude March first support at 4520/25 then yesterday's low at 4481 but below here risks a retest of the low for the February contract 4420. Obviously this is the important level to watch. A break lower is more negative and signals the resumption of the longer-term bear trend. We look for next targets 4385/80. If we continue lower today look for 4362, 4270/65, 4245/40 then 4210/05. Above 4520/25 targets 4585/95 then the 2 day high at 4640/4655. Any shorts need stops above 4665 to target 4705/15 but if we continue higher look for a selling opportunity at 4755/60 with stops above 4800.
Reports for
27/01/2015
  • USDJPY REPORT
    27/01/15
    USDJPY heading for strong resistance again at 118.80/85. Try shorts with a stop above 119.00. A break above the five-day range today is positive, so be ready to go with a break to target 119.30/35 and perhaps as far as trend line resistance at 119.75/80. A good chance of a high for the day here but if we continue higher this week look for 119.88/96. Failure to beat strong resistance again at 118.80/85 targets 118.20/25 then support at 117.75/70. If however we continue lower look for a retest of support at 117.35/25. On a break lower this week look for good support at 117.00/96. Try longs with stops below 116.80.
  • AUDUSD REPORT
    27/01/15
    AUDUSD meets strong resistance at 7940/45 again today. Shorts need a stop above 7970. Be ready to go with a break higher using 7950/7940 support to target 7990/7995. Exit longs here and try shorts at 8015/8020 with a stop above 8040. An unexpected break higher however then targets 8070/75. Failure to beat strong resistance at 7940/45 could trigger a move back to 7900/7895. If we continue lower look for 7873/69 then a retest of yesterday's low & support at 7850/45. Be ready to go with a break lower this week to target 7800 & perhaps as far as 7787.
  • GBPUSD REPORT
    27/01/15
    GBPUSD will need to hold above 1.5070 to continue the recovery and beat today's first resistance at 1.5105/10 to target strong resistance at 1.5145. A good chance of a high for the day here to try shorts with stops above 1.5180. An unexpected break higher would then target 1.5200/10. Failure to hold above 1.5070 triggers a drift lower to 1.5055 then support at 1.5035/25. A low for the day is possible here but longs need a stop below 1.5000. A break lower targets 1.4975/70 then the lows at 1.4948. Just be aware that a break lower this week targets 1.4945/35 then support at 1.4870/60. If we continue lower however look for a test of 2013 lows & good support at 1.4829/12.
  • EURUSD REPORT
    27/01/15
    EURUSD will need to hold above 1.1230/35 today to build the short term recovery & retest 1.1290/95. Above here today meets resistance at 1.1315/20. A high for the day possible so try shorts with stops above 1.1340. Be ready to go with a break higher however using 1.1320/15 as support to target 1.1375/85. If this does not hold the move today, we could push on to very strong resistance at 1.1445/55 for an excellent selling opportunity with stops above 1.1480 Failure to hold above 1.1230/35 risks a slide back to 1.1195/90 then 1.1150/00 before a retest of two-day lows at 1.1113/1.1098. Failure here this week targets 1.1045 then 1.1010/1000. If we continue lower look for 1.0965/62 then 1.0930 and 1.0907/05. A break below here risks the move as far as 1.0845.
Reports for
23/01/2015
  • Dax REPORT
    23/01/15
    Dax March is now severely overbought having almost perfectly hit our target of 10,550. There is a risk of profit-taking today down to 10,495 and perhaps far as 10,465/10,450. A good chance of a bounce from here but be aware that a break lower could target strong support at 10,415/10,405. Try longs here with a stop below 10,380. Just be aware that a break lower could then target 10,355/350 but if we fall as far as 10,330/320, use this as an excellent buying opportunity with a stop below 10,290. Immediate resistance at the new all-time high of 10,548.5 of course but above here we could test 2 year trendline resistance at 10,600/10,625. We should struggle here and a high for the day is certainly possible. Try shorts with a stop above 10,660. However just be aware that a break higher could see prices race towards 10,740/750.
  • Emini Dow Jones REPORT
    23/01/15
    Emini Dow Jones March has now tested three month trendline resistance at 17,770/780 and this will be key to direction today. There is a good chance we will turn lower and below 17,690 should add pressure to target 17,670 then good support at 17,635/625. Try longs here with a stop below 17,580. A break lower however sees 17,625 act as resistance to trigger a move down to 17,560. If we continue lower look for good support at 17,540/530. Try longs here with a stop below 17,475. It could worth trying shorts at 17,770/780 with a stop above 17,810. Be ready to go with a break higher to continue the four-day rally and target 17,845/865. We will be quite overbought in the short-term at this stage, but if trying shorts, we need a stop above 17,885. A break higher is then likely to target 17,910, 17,940 and perhaps even make it as far as 17,980/985. Just be aware that above here meets the all-time high at 18,036/18,051.
  • Gold REPORT
    23/01/15
    Gold February remains worryingly overbought now & the 100 week moving average at 1308 could still mark a high as stated all week. Profit taking possible again today to relieve overbought conditions. Immediate support at 1297 but below here could re-target trend line support at 1286/1285. If we continue lower look for a test of yesterday's low at 1179 then very good support at 1275/1274. This could hold the downside today but be aware there is stronger support at 1266/1265. It should be worth buying into longs here with a stop below 1260. A break lower meets support from the 200 day moving average at 1256/1254. Try longs here with a stop below 1248. Strong resistance at 1307/1308. Again, it should be worth trying shorts with a stop above 1311. However be ready to go with a positive break higher using 1308/1307 as support, for a move up to 1313 then 1319 and perhaps as far as 1322/1324.
Reports for
22/01/2015
  • Ftse REPORT
    22/01/15
    FTSE March unexpectedly beat 6637/43 to hit 4 month trendline resistance at 6665/6670. This is the key to today's direction of course, as we become overbought. A break higher however keeps this very strong five-day 430 point rally going and we should then target 6700/05, possibly make it as far as 6731. Any further gains this week should test last month's high at 6758. Failure to beat strong trendline resistance at 6665/6670 triggers profit-taking down to 6650 before support at 6637/35. If this does not hold the downside look for good support at 6615. It could be worth trying longs here with a stop below 6595. However on a break lower look for a buying opportunity at 6575/70, with a stop below 6550.
  • USDJPY REPORT
    22/01/15
    USDJPY immediate resistance at 117.80/90 is now key to direction to try shorts with stops above 118.20. A break higher targets 118.40 then strong resistance at 118.70/80 for a selling opportunity with stops above 118.95. Next target is 119.30. Below 117.70 adds pressure & risks a slide to 117.55/50 then support at 117.15/05 & low for the day possible here. Longs need stops below 116.90. A break lower is then likely to target 116.50/45 & perhaps as far as 116.10 before last week's low at 115.82.
  • Gold REPORT
    22/01/15
    Gold February is worryingly overbought now & it does look like we ended the rally yesterday. We got close enough to the measured target for the inverse head & shoulders pattern & as stated yesterday, the 100 week moving average at 1308 should mark a high for the week. Profit taking expected today to relive overbought conditions. Holding below 1297 should trigger a move down to 1286/1285. Below here targets very good support at 1275/1274. This could hold the downside today but be aware there is stronger support at 1266/1265. It should be worth buying into longs here with a stop below 1260. A break lower meets support from the 200 day moving average at 1256/1254. Try longs here with a stop below 1248. Above 1297/1298 targets 1303 then strong resistance at 1307/1308. Again, it should be worth trying shorts with a stop above 1313. However be ready to go with an unexpected break higher using 3008/1307 as support, for a move up to 1313 then 1319 and perhaps as far as 1322/1324.
  • S&P REPORT
    22/01/15
    Emini S&P holding above 2022/2024 as I write to target 2030 then 2035.If we continue higher look for strong resistance at 2043/2044 & a selling opportunity with a stop above 2051. On a break higher however use 2044/43 as support for a move towards 2051/52. Above here targets 2062/63. Immediate support at 2024/22 but longs need stops below 2016.A break lower again targets good support from the 10 day moving average at 2004 down to 2002/2000. A low for the day is possible once again today & it is worth trying longs with a stop below 1995. However be ready to go with a break lower using 2000/2002 as resistance. A break below trendline support at 1995 increases pressure to target 1990/1989. Any further weakness meets good support again at 1983/1981 and it should be worth trying longs with a stop below 1976. A break lower however retest last week's low at 1971/1970.