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Filtered by tags:  Monthly Camarilla Pivots
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NZDCAD will be at 0.882 on 1/July/2015

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Please find below my chart analysis on DAILY and WEEKLY time frames.
Based on DAILY and WEEKLY time frames, we have a strong downtrend defined by channel breakout at 0.935. Also,we see that relatively strong selling interest came into the market 40 pips from above a weekly demand area seen at 0.90 (also 38.2% fib level identified on WEEKLY chart). Price did break above and retest higher 0.90+ levels during the course of last week’s session. The retest was a fake breakout as observed from imm…
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EURUSD at 1.107 on 1/July/2015

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Please find below my chart analysis on DAILY and WEEKLY time frames.
Based on DAILY and WEEKLY time frames, we see that relatively strong buying interest came into the market 30 pips from above a weekly demand area seen at 1.0519-1.0798. If the buyers remain in control here, we might see more volatility near weekly swap level coming in at 1.1051. Price broke above and retested 1.0900 during the course of last week’s session. The retest was confirmed with two healthy buying zones seen at 1.08…
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CADJPY at 97.6 on 1/June/2015

Daily Chart

Weekly Chart
On daily time frame, I observed these readings:
[table]RSI(14)58.632
STOCH(9,6)43.571
STOCHRSI(14)31.713
MACD(12,26)0.410
ADX(14)12.132
Williams %R-47.253
CCI(14)-42.9517
ATR(14)0.7864
Highs/Lows(14)0.0000
Ultimate Oscillator56.226
ROC1.415
[tr][td]Bul…
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AUDJPY at 95.36 on 1/June/2015

Daily Chart

Weekly Chart

On daily time frame, I observed these readings:
[table]RSI(14)52.532
STOCH(9,6)44.311
STOCHRSI(14)30.113
MACD(12,26)0.230
ADX(14)15.132
Williams %R-41.053
CCI(14)-47.9517
ATR(14)0.9464
Highs/Lows(14)0.0000
Ultimate Oscillator57.186
ROC1.475
[tr][td]Bull/Bear P…
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NZDJPY at 91.1 on 1/June/2015

Daily Chart
Weekly Chart

On daily time frame, I observed these readings:
[table]RSI(14)52.332
STOCH(9,6)44.511
STOCHRSI(14)30.913
MACD(12,26)0.270
ADX(14)15.532
Williams %R-46.053
CCI(14)-42.9517
ATR(14)0.9864
Highs/Lows(14)0.0000
Ultimate Oscillator57.126
ROC1.425
[tr][td]Bull/Bear…
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GBPJPY at 183.3 on 1/June/2015

Daily Chart

Weekly Chart
On daily time frame, I observed these readings:
[table]RSI(14)72.814BuySTOCH(9,6)70.902BuySTOCHRSI(14)91.667OverboughtMACD(12,26)1.090BuyADX(14)42.468BuyWilliams %R-9.255OverboughtCCI(14)151.2834BuyATR(14)1.4114Less VolatilityHighs/Lows(14)3.1121BuyUltimate Oscillator71.955Overbought[tr]ROC3.953[td…
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EURGBP will rise to 0.802

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EURGBP will rise to 0.802 as on 2/Feb/2015.
Chart 1 is based on daily time frame.
Chart 2 is based on weekly time frame.
Chart 1 shows emerging double bottom in the making with base at 0.776. Price action should take it to 0.80 level if double bottom holds true.
Chart 2 shows possible pullback to 23.6% Fibonacci Retracement level of the downtrend "Feb 2014 - Sept 2014".
Important monthly momentum indicator readings are: RSI(14) at 36.734, STOCH(9,6) at 33.33, STOCHRSI(14) at 0.0, William…
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Update#6: Currently the pair EURGBP is at 0.76531 price level. The pair may slightly move up after ECB Interest Rate Decision and before holding ECB conference, the pair may consolidate around 0.80 before sharply move down during conference.

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Update#7: 0.7492 is the current price level of EUR/GBP pair.Key momentum indicators indicate bearish bias for this pair on time frames like 4H,D and W.

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Update#8: Euro renewed the push downward against the British Pound, with sellers securing a foothold below the 0.76 figure. Near-term support is at 0.7556, the 38.2% Fibonacci expansion, with a break below that on a daily closing basis exposing the 50% level at 0.7507. Alternatively, a reversal above the 23.6% Fib at 0.7616 clears the way for a test of the January 21 high at 0.7713.

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Update#9:This pair has already completed a full Fibo cycle.Next week's price action is crucial.

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Update#10: 0.7496 is the current price level for this pair. Recent surge in readings on momentum indicators indicate more upside to this pair.

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Brent Oil to rise to 61.82

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Brent Oil will pullback to 61.82 as on 2/Feb 2015.
Chart 1 is based on weekly time frame.
Chart 2 is based on daily time frame.
Both charts show that price is in oversold territory for both indicators - RSI and CCI. I expect that in January 2015 there will be a pullback from this bearish downtrend as sellers will be outnumbered by buyers.
Important monthly momentum indicator readings are: RSI(14) at 20.88, STOCH(9,6) at 50.067, STOCHRSI(14) at 0.0, Williams %R at -99.91 and CCI(14) at -2…
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Update#5: Current price action is at 49 with no major change in macros to dictate next big move.

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Update#6: Current price level for brent is at 49.47. Brent has gone done against the background of China's Economic Report data.

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Update#7:Oil prices rose on Friday after the death of Saudi Arabia's king added to the uncertainty in global oil markets, although the new ruler indicated immediately there would be no policy change.

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Update#8:Three major support located in front of the Brent oil. 95 support that was important. Was lost. Brent final target will be $ 41 Here. Brent oil chart shown And the next target. Will be $ 78 and $ 62.

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Update#9:Brent has not completed a full Fibo cycle.Next week's price action is crucial.

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AUDCHF to fall to 0.782

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AUDCHF will fall to 0.782 as on 2/Feb/2015.
Chart 1 and 2 is based on daily time frame.
Chart 3 is based on weekly time frame.
Chart 1 shows that current price action for AUDCHF is "overbought" on CCI(14) indicator. So, immediate downtrend correction is imminent for AUDCHF pair. Also, current price is below 50 SMA and faces resistance from major support level at 0.82.Clustering of monthly Camarilla pivots - central pivot and R1 near 0.82 lends more credibility to above argument.
Chart 2…
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Update#1:On weekend close price level is at 0.7072. Bearish bias is confirmed from readings of important momentum indicators: RSI(14) at 41.27, STOCH(9,6) at 39.87 and MACD(12,26) at -0.005.

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EURNZD to rise to 1.5830

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EURNZD pair will rise to 1.5830 as on 2/Feb/2015.
Chart 1 and 2 is based on daily time frame.
Chart 3 is based on weekly time frame.
Chart 1 shows 2014's major buy zone at 1.54112 when prices rebounded sharply in the month of July 2014. I reckon 1.54 to be the maximum downside for the current bearish trend as buyers have outnumbered sellers previously at 1.54 price level.
Chart 2 shows monthly Camarilla pivots existing at 1.592 (Central Pivot), 1.589 (R1) and 1.57 (S1). Central Pivot and…
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Update#1:On weekend close price level is at 1.4843. Bearish bias is confirmed from readings of important momentum indicators: RSI(14) at 44.069, STOCH(9,6) at 48.500 and ADX(14) at 33.689.

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Update#2: EURNZD continues to fall after the recent reversal from the res zone lying between the round resistance level 1.58 and the 50% fibonacci correction of the earlier downward impulse from the strong res level 1.50 EURNZD is likely to fall further in the active intermediate impulse wave 3.

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