Technical analysis of USD/JPY for February 03, 2015

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Fundamental overview:
USD/JPY is expected to consolidate. It is underpinned by the reduced safe-haven appeal of the yen amid improved global risk sentiment (VIX fear gauge eased 7.34% to 19.43; S&P 500 closed 1.3% higher at 2,020.85 overnight) as oil prices surged for the second day straight and investors shook off the data showing slowing activity in the U.S. and China's manufacturing sectors. USD/JPY is also supported by the demand from Japan's importers and the ultra-loose Bank of Japan's monetary policy. But USD/JPY upside is limited by the Japanese exports and the weaker dollar sentiment (ICE spot dollar index last 94.57 versus 94.67 early Monday) on worse than expected drop in the U.S. ISM manufacturing PMI to 53.5 in January (versus forecast 54.3) from 55.1 in December and by weaker than expected 0.4% rise in the U.S. December construction spending (versus forecast +0.8%).


Technical comment:
The daily chart is mixed as the MACD is bearish, but stochastics is neutral; five- and 15-day moving averages are meandering sideways.


Trading recommendations:

The pair is trading below its pivot point. It is likely to trade in a lower range as far as it remains below the pivot point. Short positions are recommended with the first target at 117. A break of this target will move the pair further downward to 116.55. The pivot point stands at 117.75. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, a long position is recommended with the first target at 118.20 and the second target at 118.45.


Resistance levels:

118.20

118.45

118.75

Support levels:

117

116.55

116.80


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Technical analysis of USD/CHF for February 03, 2015

USDCHFM30.png

Fundamental overview:


USD/CHF is expected to consolidate with bullish bias after hitting a two-week high 0.9347 on Monday. It is supported by the franc sales on cross trades versus major currencies, the negative Swiss interest rates, the threat of the SNB CHF-selling intervention and bigger than expected drop in Switzerland's PMI to 48.2 in January from revised 53.6 in December (versus forecast 49.2). But the USD/CHF gains are also tempered by the weaker USD sentiment.


Technical comment:
The daily chart is positive-biased as the MACD and stochastics are bullish; five-day moving average above 15-day moving average and advancing.


Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As long as the price is keeping above its pivot point, a long position is recommended with the first target at 0.9365 and the second target at 0.9435. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 0.9075. A break of this target would push the pair further downwards, and one may expect the second target at 0.8985. The pivot point is at 0.9150.


Resistance levels:


0.9365

0.9435

0.9465


Support levels:

0.9075

0.8985

0.8935


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Technical analysis of EUR/JPY for February 03, 2015

















Technical outlook and chart setups:

































An hourly chart of EUR/JPY has been depicted here, which confirms that the pair continues to range trade between 132.00 (Support) and 134.00 (Resistance) since several trading sessions. The pair is expected to break higher above the levels of 134.00 and reach 137.50/138.00 soon enough. On the flip side, a break below 132.00 and subsequently 131.00 could prove to be extremely bearish and test 130.00 handle again. Probability remains high for a break higher, hence it is recommended to hold long positions, risk at 130.00. Support for now is 132.00, followed by 131.50 and lower while resistance is at 134.00, followed by 137.50/138.00, respectively.


Trading recommendations:


Remain long for now, stop at 130.00, target 138.00




Good luck!




















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Technical analysis of NZD/USD for February 03, 2015

NZDUSDM30.png

Fundamental overview:
NZD/USD is expected to trade in a higher range. It is underpinned by the weaker USD sentiment, kiwi demand on buoyant NZD/JPY cross amid reduced risk aversion and the kiwi demand on soft AUD/NZD cross. But the NZD/USD gains are tempered by the shift in the Reserve Bank of New Zealand's monetary stance from tightening bias to neutral.


Technical comment:

The daily chart is still negative-biased as the MACD is bearish, stochastics stays suppressed at oversold levels and five- and 15-day moving averages declining.


Trading recommendations:
The pair is trading below its pivot point. It is likely to trade in a lower range as far as it remains below the pivot point. Short positions are recommended with the first target at 0.7160. A break of this target will move the pair further downward to 0.71. The pivot point stands at 0.7315. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, a long position is recommended with the first target at 0.7360 and the second target at 0.7440.


Resistance levels:

0.7360

0.7440

0.7465



Support levels:


0.7160

0.71

0.7040


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Technical analysis of GBP/CHF for February 03, 2015


Technical outlook and chart setups:


The GBP/CHF pair is trading at 1.3960/70 for now and is expected to push higher towards Fibonacci 0.618 levels at 1.4100, we have been discussing this for few days now. It is recommended to remain long from position taken earlier, risk remains just below 1.3800 for now. Immediate support is seen at the levels of 1.3800, followed by 1.3650, 1.3450, 1.3350/3400, while resistance is seen at 1.4100 and higher, respectively. After breaking lower towards the levels of 1.1800 earlier and consolidating in a trading range, the pair has broken higher, aiming at least the 1.4100 mark. Bulls are favored untill the prices remain above 1.3800 and subsequently 1.3400.


Trading recommendations:


Remain long; stop is at 1.3800, target is at 1.4100.


Good luck!




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Gold analysis for February 03, 2015

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Overview :


Since our last analysis gold has been trading upwards. As we expected, the price has tested the level of 1,285.72 in an average volume. We are facing low volatility today so any larger demand in a high volume may confirm further bullish phase. According to the H4 time frame, we got selling climax in the background, what caused the price to start with an upward movement. Our submajor Fibonacci retracement 38.2% at the price of 1,254.00 has been held successfully which is a sign that selling gold at this stage looks risky. Anyway, if the price breaks the level of 1,254.00 in a strong volume, we may see a possible testing of the level of 1,240.00 (Fibonacci expansion 161.8%). Resistance level is around the price of 1,307.00 (swing high like resistance).


Daily Fibonacci pivot points :


Resistance levels :


R1: 1,282.42


R2: 1,286.52


R3: 1,293.72


Support levels :


S1: 1,269.12


S2: 1,265.02


S3: 1,258.37


Trading recommendations: Watch for potential buying opportunities after retracement (buy on the dips).


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EUR/NZD : analysis for February 03, 2015

EURNZDDaily03.png

EURNZDH403.png


Overview:


In our last analysis EUR/NZD was trading upwards. As we expected, the price tested the level of 1.5777. Our Fibonacci retracement 61.8% around the price of 1.5800 is on the test. Be careful when buying EUR/NZD at this stage. Anyway, if the price breaks the level of 1.5810 in a high volume and strong price action, we may see possible testing of the level of 1.6320. According to the 4H time frame, we can observe demand in an ultra high volume in the background (buying climax) and later on weak demand, which is a sign that buying look risky.


Daily Fibonacci pivot levels:


Resistance levels:


R1: 1.5609


R2: 1.5641


R3: 1.5693


Support levels:


S1: 1.5504


S2: 1.5472


S3: 1.5419


Trading recommendations: Be careful when buying at this stage, but watch for potential buying opportunities after retracement (buy on the dips)


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Technical analysis of GBP/JPY for Feburary 03, 2015

GBPJPYM30.png

Fundamental overview:
GBP/JPY is expected to trade in a higher range. It is supported by the improved euro sentiment as worries over Greece diminish receding investor risk aversion and by the demand from Japan's importers. The GBP sentiment is boosted by a rise in the CIPS / Markit U.K. manufacturing PMI to 53.0 in January (versus forecast 52.6) from revised 52.7 in December (originally reported as 52.5). But the GBP/JPY gains are tempered by the Japanese exporter sales.


Technical comment:
The daily chart is tilting positive as stochastics is rising from oversold levels, the MACD is staging bullish crossover against its exponential moving average.


Trading recommendations:
The pair is trading below its pivot point. It is likely to trade in a lower range as far as it remains below the pivot point. Short positions are recommended with the first target at 175.50. A break of this target will move the pair further downward to 175. The pivot point stands at 177.10. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, a long position is recommended with the first target at 177.70 and the second target at 178.55.


Resistance levels:

177.70

178.55

179.


Support levels:

175.50

175

174.25


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Technical analysis of EUR/USD for February 3, 2015

eurusdh1.png

Trading recommendations :



  • The support of the EUR/USD pair has already set at 1.1270 on February 3, 2015. In the short term, the weekly pivot is acting as a support for a while. Furthermore, it will be very profitable to buy above this level for retesting this level in the long term. Therefore, buy deals are recommended above the level of 1.1270 with targets at 1.1360 and 1.1422 to reach the double top on the H1 chart. On the contrary, the resistance is going to set at the level of 1.1439 (the level of 1.1439 is representing the weekly resistance 1) this week. Consequently, the descending movement will probably be lower than the level of 1.1456 which represents the ratio of 61.8% of Fibonacci retracement levels at the same time frame, with the targets at the weekly pivot point around the area of 1.1268 and 1.1206.



Observations :



  • We expect a new range about 64-75 pips today.

  • The key level will be set at the level of 1.1268.

  • The support of the EUR/USD pair has been already set at 1.1268. Moreover, the major support will set at the 1.1206 level.

  • If the trend fails to close below the level of 1.1268, it will be a good opportunity to buy above 1.1270 with the first target at 1.13,60 then it will be continued straight towards 1.1422.

  • The price of 1.1439 is representing the weekly resistance 1 and 1.1422 is going to form a double top.



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Technical analysis of USD/CAD for February 3, 2015

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Overview :



  • As expected, the USD/CAD pair has rebounded from the level of 1.2427, and showed signs of strength after it. Additionally, the resistance was broken and turned into support at the same key level (1.2427). On the H1 chart, the level of 1.2427 is representing strong support which coincides with the 61.8% of Fibonacci retracement level. It is equally important that the price has been set above the support since last month because the market was calling for strong bullish trend. Consequently, the pair has already formed the strong support at 1.2430 and it should also be noted that the double bottom is going to be set around this area. Furthermore, the price has been still moving between 1.2430 and 1.2690. Therefore, the USD/CAD pair started showing the signs of bullish market, so the market indicates the bullish opportunity at the level of 1.2430 with the first target of 1.2612, and continues towards the level of 1.2690 again. On the other hand, the stop loss should always be taken into account. From now on, it will be wise to set your stop loss at the price of 1.2435.



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#USDX technical analysis for February 3, 2015

The Dollar index continues to trade above the short-term Ichimoku cloud support and, I believe, we are in a phase where the uptrend has paused and we should soon see a new uptrend start. The triangle pattern in the short-term implies that the waiting will soon end.


usdx.jpg

Green lines = triangle pattern


The Dollar index made a low at the 38% Fibonacci retracement and since then it is moving higher and sideways forming a triangle pattern and at the same time holding above the Ichimoku cloud support. Resistance is at 95 and support is at 94.40. Breaking below the 38% retracement will increase the chances of a deep pullback towards 93.


usdxd.jpg

On the daily chart, as shown above, the Dollar index remains above the tenkan-sen support. The price action implies that we are currently in a sideways corrective move as a pause to the bigger bullish trend that could bring the index towards 100 if the level of 95.50 is broken and if the support at 92 is held.


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Gold technical analysis for February 3, 2015

Gold price continues to trade in a neutral range for the short-term increasing the chances that we are currently in a consolidation range before a new upward move towards $1,330. Gold price has short-term support at $1,250 and short-term resistance at $1,288.


goldh4.jpg

Green line = support


Black line = resistance


The gold price is trying to move back above the Ichimoku cloud and the black line resistance. If Gold price manages to break above those two resistance levels, I would expect a final leg up towards $1,330. If, on the other hand, we see a rejection at the current price levels and the gold price breaks below $1,250, we should expect a move towards $1,220 or even below $1,200.


goldd.jpg

Red lines = horizontal support levels


Gold price has bounced off the 38% Fibonacci retracement and as long as it holds above it we have more chances of seeing new highs towards $1,330. So bulls should use $1,250 as a stop reverse level that and if it is broken, traders should prefer short positions with $1,220 as the first target.


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Technical analysis of USD/CAD for Febuary 3, 2015

General overview foe 03/02/2015 09:40 CET


The yesterday's intraday support has been violated and currently it looks like a sharp downward correction is taking place. The wave a green has been made and now the second corrective wave is in progress. The market still trades inside the bullish zone, but any breakout below the today's intraday support at the level of 1.2553 is bearish and the golden trend line might be tested sooner or later as the market falls into the range zone again.


Support/Resistance:


1.2897 - WR1


1.2799 - Swing High


1.2648 - Intraday Resistance


1.2636 - Weekly Pivot


1.2553 - Intraday Support


1.2474 - WS1


Trading recommendations:


Daytraders should consider opening a sell stop orders from the level of 1.2549 with SL above the level of 1.2648 and TP at the level of 1.2474. It is not a good level to open long-term swing buy positions.


usdcad_h1.jpg




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Technical analysis of EUR/JPY for Febuary 3, 2015

General overview for 03/02/2015 09:20 CET


The market is still moving inside the range between the levels of 132.38 - 134.33, and only an impulsive breakout above one of these levels would give more clues about further price development. Nevertheless, the bias is slightly bullish because the corrective wave progression does not look completed just yet and it is quite possible, that the wave (c) blue to the upside will be made sooner or later. The current corrective structure in wave (b) blue looks like a triangle pattern but it can change into even more complex and time-consuming cycle. Please watch the mentioned levels and trade accordingly.


Support/Resistance:


137.64 - Technical Resistance


136.58 - WR2


134.59 - WR1


134.33 - Intraday Resistance


132.37 - Intraday Support


130.39 - WS1


Trading recommendations:


Because the market is still in the range zone, my recommendations are still the same as yesterday: daytraders should consider opening a buy stop orders from the level of 134.35 with SL below the level of 134.31 and TP at the level of 136.05 with a possible extension to the level of 137.64 later on.


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Technical analysis of Silver for February 03, 2015


Technical outlook and chart setups:


Silver bounced from $16.70 levels on Jan 30, and remained shy by few cents to hit the Fibonacci 0.618 support as seen here. Nevertheless, the metal has resumed rally above the levels of $17.50 as of now, and bulls remain poised to extend further gains here, as it was expected. It is highly recommended to remain long for now, and risk is below $16.00. Immediate support is seen at $16.70 (interim), followed by $16.50, $16.20 and lower while resistance is seen at the levels of $18.20 followed by $18.50, $18.90 and higher, respectively. A push beyond $17.80 levels now (trend line resistance passing), would be extremely bullish and confirm that bulls shall remain in control.


Trading recommendations:


Remain long for now; stop is at $16.00, target is $18.90 and $21.00


Good luck!




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Technical analysis of Gold for February 03, 2015


Technical outlook and chart setups:


Gold had dropped lower to $1,265.00 levels yesterday before rallying higher back towards $1,280.00 levels as seen here. The metal seems to be preparing to break above $1,285.00 (intermediary resistance trend line) and subsequently head towards $1,340.00 levels. It is highly recommended to remain long in the yellow metal for now, risk remains below $1,245.00. Immediate support is seen at $1,265.00 levels (interim), followed by $1,250.00, $1,220.00 and lower while resistance is seen at $1,295.00 levels (interim), followed by $1,307.00 and higher respectively. Bulls are in control at least until prices remain above $1,250.00.


Trading recommendations:


Remain long, stop at $1,245.00, the target is at least $1,340.00/50.00.


Good luck!




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Forecast and trading recommendations on GBP/JPY for February 03, 2015

The cross has been consolidating for 4 consecutive weeks between 180.55 and 175.83 this week. The pair has strong support at 175.30 and 50Wsma. On the weekly chart, the pair closed below the 20Wsma and made a minor double top at 180.53. The pair is being rejected at 20Dsma 4 days in a row. On the daily and hourly charts, nothing has happened yet. The prices are making lower lows as well as a lower top formation on the h4 chart. The prices are closed and trading below the hourly moving averages. Today, at the early Asian session, the pair was rejected at 35DEMA on the h4 chart. In case the prices close below the lower end of the descending line of the triangle, bears can face a challenge towards 173.50. This week, we recommend selling below 175.30; safe selling will be triggered only below 175.00. The intraday resistance exists between 174.50 and 178.10. Today, the focus has shifted to UK's manufacturing PMI data. As of now, the cross favours a pullback towards 177.20 and 177.50. We recommend fresh buying only above 177.70 with the targets at 178.20 and 179.40.


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Forecast of USD/JPY for Febraury 03 , 2015

The US PMI registered 53.5 percent, a decrease of 1.6 percentage points from December’s seasonally adjusted reading of 55.1 percent. Now, the focus has shifted to tomorrows ADP non-farm payroll. The pair has been still consolidating in the tight range as we discussed in our earlier reports. The prices are trading within a triangle on the H4 chart. In case if the prices manage to give an upside breakout, it can face a challenge towards 120.50. The prices are closed and trading below the hourly moving averages. The prices are likely to form a triangle pattern. The support base exists at 115.50 and 115.00. The weekly support exists at 115.00 which is 20Wsma. In case if the pair closes below 115.00, we can confirm the broadening top for the near and medium term. The rate hike bets favours to the US dollar. The policy makers have repeatedly announced their plan to raise interest rates during 2015.The pair closed and is trading below 50Dsma at 118.70. In case the pair closes above 118.85, it can challenge 119.90 and 120.50. In intraday, weakness will hit the pair if the prices break below 116.90.




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Daily analysis of major pairs for February 3, 2015

EUR/USD: At the end of the last week, this pair was consolidating. The consolidation has continued this week so far. However, the bias is bearish and this could mean that the price would go southward when there is a breakout in the market. Thus, the price can reach the support line at 1.1250 today.


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USD/CHF: The outlook for the USD/CHF pair remains upbeat in the context of a downtrend. The price is supposed to continue going upwards in a slow and steady manner by at least 500 pips this month. Along the way, there would be occasionally serious pullbacks which would, nevertheless, be transient in nature.


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GBP/USD: The signal on the Cable is currently a “sell.” The price can test the accumulation territory at 1.5000 again; even breaking it to the downside. The Bearish Confirmation Pattern on the chart could also be a supporter of this outlook.


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USD/JPY: The outlook for the USD/JPY pair is still the same.There was no much activity in this market last week, save occasional short-term upswings and downswings in the market. This week, either the supply level at 119.00 is expected to be breached to the upside or the demand level at 117.00 is expected to be breached to the downside.


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EUR/JPY: The EUR/JPY pair made a noteworthy effort to rally in the context of a downtrend, but the overall bias remains bearish. The outlook for this cross this week is bullish, and this can happen any day this week. The only factor that can render this expectation useless is a situation in which the Yen gains significant stamina.


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Forecast and trading recommendations on Gold for February 03, 2015

The yellow metal fell $17 at the previous session. As we recommended in yesterday's articles, the selling pressure will appear only below $1,266.00. Tthe metal made a low at $1,266.00 and bounced from there. Ahead of the Chinese Lunar New year on February 19th, we can expect Chinese consumers will acquire gold. The focus has shifted to tomorrow's ADP Non-farm employment data. The metal has weekly resistance at $1,303.75, above it $1,309.00 will act as another resistance level. The monthly support exists at $1,270.00 levels or 20Msma. The prices are making lower tops for 9 days in a row. Currently, the trading pattern is framed between $1,286.00 and $1,266.00. Either side breakout will provide more room to trade. The panic will be triggered below $1,249.50.


Resistance: $1,286.00; $1,297.50; $1,303.00.


Support: $1,272.90; $1,270.00; $1,266.00.


At the Asian session, the metal is trading at $1,273.00. The support exists at $1,272.90 which is the 4-hour support. We can expect weakness below that level. The next support exists at $1,270.00 and $1,266.00. Risky traders can buy above $1,276.00 with the targets at $1,280.00, $1,282.00, and $1,284.00.


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Technical analysis and trading recommendation on GBP/USD for February 03, 2015

The pound lost 90 odd pips at yesterday's session against the US dollar. The UK's manufacturing PMI grew slightly faster in January. The domestic market remained the prime driver of improved new order inflows. PMI rose to 53.0 in January, a shade higher than December’s revised reading of 52.7. On the other hand, the US PMI registered 53.5 percent, a decrease of 1.6 percentage points from December’s seasonally adjusted reading of 55.1 percent. At yesterday's session, the cable managed to hold at 1.5000. Today, the focus has shifted to the UK construction PMI data. In December, the reading came below expectations. We are expecting the same downtick again at this time as well with an estimate of 56.9 points.


The prices are closed and trading below the hourly moving averages. The intraday resistance exists at 1.5055, 1.5080, and 1.5100. Currently, the pair is trading in a range between 1.5100 and 1.4990. We recommend fresh long above 1.5050 with the targets at 1.5080,1.5100, 1.5160, and 1.5200. On the bearish front, if the prices break below 1.4990, we recommend selling with the targets at 1.4950, 1.4900, and 1.4860.


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Technical analysis of EUR/USD for February 03, 2015

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When the European market opens, some economic news will be released such as PPI m/m and Italian Prelim CPI m/m. The US will release a number of economic reports too such as the Total Vehicle Sales, IBD/TIPP Economic Optimism, and Factory Orders m/m. So, amid the reports, EUR/USD will move with low to medium volatility during this day.




TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1403.

Strong Resistance:1.1396.

Original Resistance: 1.1385.

Inner Sell Area: 1.1374.

Target Inner Area: 1.1347.

Inner Buy Area: 1.1320.

Original Support: 1.1309.

Strong Support: 1.1298.

Breakout SELL Level: 1.1291.





Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. The material has been provided by InstaForex Company - www.instaforex.com

Technical analysis of USD/JPY for February 03, 2015

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In Asia, Japan will release the 10-y Bond Auction and Monetary Base y/y. The US will release a number of economic reports such as Total Vehicle Sales, IBD/TIPP Economic Optimism, and Factory Orders m/m. So, there is a big probability the USD/JPY pair will move with low to medium volatility during the day.


TODAY TECHNICAL LEVELS:

Resistance. 3: 117.82.

Resistance. 2: 117.59.

Resistance. 1: 117.36.

Support. 1: 117.08.

Support. 2: 116.85.

Support. 3: 116.62.



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Daily analysis of USDX for February 03, 2015

The USDX is performing retracements as we can see it on the daily chart, finding support at the level of 94.18, with high odds of a bullish recovery to the next target at the resistance level of 95.45. Remember that a fractal is already formed in that zone and that could produce some pullbacks on the USDX, but we still believe there is enough bullish momentum to reach new highs.


USDXDaily.png

On the H1 chart, the USDX found strong supply force at the resistance level of 94.78, and it could avoid the bullish progression of the USDX on a near term basis, but the support level of 94.38 is still stronger, because the 200 SMA is nearby, that is also pointing to the upwards. Anyway, be cautious, because the MACD indicator is in the negative territory.


USDXH1.png

Daily chart's resistance levels: 95.45 / 97.52


Dailychart's support levels: 94.18 / 93.02


H1 chart's resistance levels: 94.78 / 95.05


H1 chart's support levels: 94.38 / 94.14




Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 94.78, take profit is at 95.05, and stop loss is at 94.51.


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Daily analysis of GBP/USD for February 03, 2015

On the daily chart, we can see the domination of the bearish bias on the GBP/USD pair. The pressure remains, as the pair is trying to consolidate below the support level of 1.5025. That breakout could take place during this week, when GBP/USD price action shows us that a lower low pattern is fully finished. The MACD indicator remains in the positive territory.


GBPUSDDaily.png

During the last session, the GBP/USD pair made a breakout in the 1.5039 zone, where the pair could start to form a solid bearish pattern to continue looking for more lows in the short-term bias. Anyway, our targets on the downside remains placed at the support level of 1.4994 and 1.4957, and this could be possible because the 200 SMA is bearish.


GBPUSDH1.png

Daily chart's resistance levels: 1.5247 / 1.5491


Dailychart's support levels: 1.5025 / 1.4853


H1 chart's resistance levels: 1.5039 / 1.5084


H1 chart's support levels: 1.4994 / 1.4957




Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.4994, take profit is at 1.4957, and stop loss is at 1.532.


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