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Technical Outlook

Technical Outlook

Product Momentum Strength Support Resistance
EUR/USD
3/2/2015 7:30:23 AM
1hr bullish crossover 1.1210 1.1270
4hr potential bullish crossover 1.1160 1.1300
Daily potential bearish crossover 1.1100 1.1450

Comments: EURUSD has bounced off the LT 61.8% Fibo ~ 1.1210 again but now faces a potential test as it rallied towards 1.1245 resistance. Beyond here there's further resistance at 1.1270 then 1.1300. Bias bearish on break below 1.1160.

Product Momentum Strength Support Resistance
GBP/USD
3/2/2015 7:43:14 AM
1hr neutral 1.5385 1.5420
4hr bearish crossover 1.5350 1.5455
Daily neutral 1.5315 1.5550

Comments: GBPUSD posted a large bearish outside candle on Thurs, suggesting the bullish trend may be over for now. Key supports seen at 1.5350 then 1.5315

 

Product Momentum Strength Support Resistance
USD/JPY
3/2/2015 7:46:49 AM
1hr bearish crossover 119.40 120.00
4hr bullish crossover 118.80 120.45
Daily bullish crossover 118.25 121.85

Comments: USDJPY has broken above resistance at 119.40 but we are neutral while rates remain below prior high of ~120.45 - bullish above there. Key supports are the 50-day SMA at 118.80 followed by 118.25 - prior lows.

Product Momentum Strength Support Resistance
USD/CHF
3/2/2015 7:57:44 AM
1hr neutral 0.9515 0.9570
4hr bullish crossover 0.9465 0.9605
Daily bullish crossover 0.9345 0.9700

Comment: USDCHF peaking above the 61.8% Fibonacci retracement of the recent SNB-inspired drop ~1.9515 after forming a doji candle above the 50-day SMA (0.9465) on Friday = Bullish.

Product Momentum Strength Support Resistance
AUD/USD
3/2/2015 8:06:19 AM
1hr neutral 0.7755 0.7790
4hr bearish crossover 0.7735 0.7830
Daily neutral 0.7625 0.7900

Comments: AUDUSD bias remains bearish towards 61.8% Fibo at 0.7735, for as long as it holds below resistance at 0.7830.

Product Momentum Strength Support Resistance
USD/CAD
3/2/2015 8:10:46 AM
1hr bearish crossover 1.2450 1.2525
4hr neutral 1.2400 1.2660
Daily bearish crossover 1.2350 1.2800

Comments: USD/CAD has defended the key support  at 1.2400 for now - it would  be very bearish if this level break. But until/unless that happens, the path of least resistance remains to the upside.

Product Momentum Strength Support Resistance
EUR/JPY
1/7/2015 5:52:41 PM
1hr bullish 140.80 141.70
4hr neutral 140.60 142.90
Daily oversold 139.90 143.70

Comments: Long-term breaish H&S pattern completed. Possible ST retracement or consolidation. Eyes on 200-day SMA

Product Momentum Strength Support Resistance
NZD/USD
1/7/2015 5:55:45 PM
1hr neutral 0.7730 0.7800
4hr neutral 0.7680 0.7850
Daily neutral 0.7620 0.7900

Comments: The pair is testing some resistance around its 50-day SMA. Bias higher if broken. Pair remains in MT downward trend

Product Momentum Strength Support Resistance
EUR/GBP
1/7/2015 5:58:21 PM
1hr neutral 0.7815 0.7875
4hr bearish crossover 0.7800 0.7950
Daily bullish crossover 0.7740 0.8010

Comments: The pair is finding some resistance around a convergance of its 50 and 100 day SMAs. Bias lower below these levels

Product Momentum Strength Support Resistance
AUD/JPY
1/7/2015 6:00:36 PM
1hr neutral 95.70 96.50
4hr neutral 95.15 97.55
Daily bearish 94.00 98.50

Comments: The pair closed below its 200-day SMA. Bias lower below this level. Above to 110-day SMA around 97.50

Product Momentum Strength Support Resistance
GBP/JPY
1/7/2015 6:02:39 PM
1hr neutral 180.00 180.90
4hr neutral 179.40 181.45
Daily neutral 178.80 182.75

Comments: The pair is finding some support around its 100-day SMA. Bias lower if broken. Possible ST retracement above this level.

Product Momentum Strength Support Resistance
CAD/JPY
1/7/2015 6:06:34 PM
1hr neutral 100.50 101.25
4hr neutral 100.00 102.00
Daily neutral 99.00 102.30

Comments: This pair is in consolidation mode. Bias lower if 100-day SMA is broken. Eyes on 102.00 on the upside

Disclaimer: The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.

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