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A4YASIN's Blog
AUDUSD Ends Week and Month with Large Outside Daily Bar
-“A slope confluence pinpointed the May high, which keeps the broader trend pointed lower. A long term level to be aware of in AUDUSD is the line that connects the 2001 and 2008 lows, which is near .7100.”-“The immediate picture is bearish. Range expansion objectives yield .7143 and .6902.” The former level is joined by the trendline that extends off of the 2001 and 2008 lows. The decline from the 2011 high would consist of 2 equal legs (subdivided with the 2013 low and 2014 high) at .7084. Exce…
Heavy Event Risk in Jobs Data, Rate Decision Will Confront
We are in the full swing of Summer trading conditions, but will a focus on monetary policy and unease in investor positioning break the quiet?US Dollar as ‘Data Dependent’ as the Fed as NFPs ApproachThere are periods where the Dollar – and all other assets for that matter – finds its price action is divorced from the influence of regular event risk. This does not look to be one of those times.…
GBP/USD Risks Bullish Breakout on Strong U.K. Retail
GBP/USD Risks Bullish Breakout on Strong U.K. Retail Sales ReportThursday, Jul 23, 2015 7:00 am ASTBy David Song, Currency Analyst And Shuyang Ren [url=https://beta.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/trading_news_reports/2015/07/22/GBPUSD-Risks-Bullish-Breakout-on-Strong-U.K.-Retail-Sales-Report.html#][/url] - U.K. Retail Sales to Increase for Fifth Consecutive Month in March.- Will Faster Private-Sector Consumption Encourage BoE to Sounds More Hawkish?Trading the News: U.K. Retail SalesAnother 0.4% expansion in U.K. Retail Sales may heighten the appeal of the British Pound and prompt a near-term breakout in …
EUR/USD
Talking Points
- EURUSD testing key near-term support confluence- immediate short-bias at risk above
- Updated targets & invalidation levels
SELL NZD/USD
- NZD/USD Technical Strategy: Flat
- Support: 0.7068, 0.7005, 0.6942
- Resistance:0.7145, 0.7193, 0.7281
USD/CHF Technical Analysis: Turn Lower Signaled Ahead
Talking Points:
- USD/CHF Technical Strategy: Flat
- Support:0.9388, 0.9293, 0.9139
- Resistance: 0.9599, 0.9723, 0.9877
EUR/USD Technical Analysis: Euro Recovery Signaled Ahead
- EUR/USD Technical Strategy: Flat
- Support: 1.0804, 1.0647, 1.0394
- Resistance:1.0930, 1.1056, 1.1213
The Euro may be preparing to turn higher against the US Dollar following the appearance of a bullish Morning Star candlestick pattern. A daily close above the 14.6% Fibonacci expansion at 1.0956 exposes the 23.6% threshold at 1.1042. Otherwise, a turn below the 61.8% level of an alternate Fib expansion setup at 1.0804 opens the door for a challenge of the 76.4% barrier at 1.0647.
Our…
Gold Trying to Extend Rebound, SPX 500 Indecision Continues
Talking Points:
US DOLLAR TECHNICAL ANALYSIS – Prices remain in digestion mode after prices slid to the four-month low. A daily close below the 61.8% Fibonacci expansion at 11638 exposes the 76.4% level at 11576. Alternatively, a push above the 50% Fib at 11688 opens the door for a challenge of the 38.2% threshold at 11737.…
- US Dollar Pauses to Digest Losses After Hitting 4-Month Low
- S&P 500 Signals Indecision at Familiar Range Top Resistance
- Gold Working to Extend Rebound, Crude Oil Treading Water
US DOLLAR TECHNICAL ANALYSIS – Prices remain in digestion mode after prices slid to the four-month low. A daily close below the 61.8% Fibonacci expansion at 11638 exposes the 76.4% level at 11576. Alternatively, a push above the 50% Fib at 11688 opens the door for a challenge of the 38.2% threshold at 11737.…
EUR/USD Technical Analysis: Eyeing Resistance Above 1.14
Talking Points:
- EUR/USD Technical Strategy: Flat
- Support: 1.1335, 1.1257, 1.1130
- Resistance:1.1463, 1.1565, 1.1668