SUNBIRD Daily Technical Analysis - page 2

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Daily Analysis 2014-05-19

EURUSD is at 1.37, and it looks like the pair still has a way to go before it finds a new support. Despite the pin bar on Tuesday, the pair likely still needs something additional to push it up.

NZDUSD is currently at the major support level of 0.863. If this support is broken, we may see the pair fall as low as 0.855, or even lower.

USDJPY is at 101.43, and it may find support just below this area at 101.3. On the daily chart, we see that the pair left some tails at this area. Can it hold a third time?

CRUDE OIL continues to march up. It's currently trading at 101.65. This week, we could see it reach as high as 102, and if the trend gets stronger, 103 may also be reached.

GOLD is trading in a very thin channel. This consolidation is likely to break in the near future, and these levels are more support and resistance.

S&P 500 continues to go up and up. It is currently trading at 1877, and after it finds a new support, will likely try to look for a new high during this week or the next.

No major economic news today.

 

Daily Analysis 2014-05-20

EURUSD- The euro is currently trading at 1.3707, the MA-100 & 50 on the 1 hour graph. If the euro drops below this level, it can go down to 1.3630, the MA- 200 on the daily graph. If the euro fails to cross 1.3707, it can go up to 1.3750, followed by 1.3800.

GBPUSD- The pair is currently trading at 1.6812, the MA 50/20 on the 1 hour graph. If the pound breaks below this level, it can go to 1.6730. If it fails to break it can go up to 1.6860, followed by 1.6900.

USDJPY- The USD is still strong against the yen, and it seems like this trend will continue. The pair may go up to-101.80, followed by 102.00 and 102.40.

GOLD- Gold is close to 1293, the MA-200 on the 1 hour graph. It can go down to 1290, followed by an increase to 1297 and then 1302.

Important data for today:

GBP-11:30- CPI y / y

 

Daily Analysis 2014-05-21

EURUSD has steadily traded sideways over the last few days. It might be smart to wait a little longer and see which way the pair decides to go and then tag along. Buying above yesterday's high with a stop at its low, with a target at 1.375 may be a good option.

AUDUSD has tumbled over the past two days. It is now trading at a major support and could pull back up for a healthy correction. 0.93 may be a reasonable target for the next week.

USDJPY continues to fall and we may see it reach the the round number of 100 by the end of the week. On the daily chart, we see tails which can be taken as evidence of some support at this level. If the breaks below this level, if could go much lower.

CRUDE OIL has traded up to 102.75, a resistance area, but it's still too early to consider which way it will go from here.

S&P500, as opposed to the oil, has moved down and it seems like it's going to seek further support before we see another new high.

Economic News:

15:30 - Retail Sales m/m (GBP)

18:30 - Fed Chair Yellen Speaks (USD)

21:00 - FOMC Meeting Minutes (USD)

 

Daily Analysis 2014-05-22

EURUSD- The dollar is still strong against the euro, and the pair is trading at the 1.3665 support level. If it breaks down, it can go to 1.3640 at first, followed by 1.3620, the MA-200 on the daily graph. If the pair does not break down, it can go up to 1.3690, followed by 1.3712.

USDJPY- The pair is currently at 101.65, the MA-200 on the 1 hour graph. If it crosses below this level, it can go down to 101.30, followed by 100.90. If it fails to do that, it can go up to 101.90, followed by 102.20.

GOLD- There may be a good opportunity to buy gold now between 1294 and 1300. If it continues to rise, it can go up to 1305, the MA-50 daily graph.

GBPUSD- The pound is still strong against the dollar. It may go down to 1.6556, the MA-50 on the 1 hour graph, after which it can go up again to 1.6906, followed by 1.6950.

Important data for today:

EUR- 10:30- German Flash Manufacturing PMI

GBP- 11:30- Second Estimate GDP q / q

CAD- 15:30- Core Retail Sales m/m

USD- 15:30- Unemployment Claims

 

Daily Analysis 2014-05-23

EURUSD- The dollar is still strong against the euro, and the pair is trading at the 1.3646 support level. If it breaks down, it can go to 1.3616 at first, followed by 1.3560. If the pair does not break down, it can go up to 1.3685, followed by 1.300 the MA-200 on the 1 hour graph.

USDJPY- The pair is currently at 101.65, the MA-200 on the 1 hour graph. If it crosses below this level, it can go down to 101.40, followed by 101.12. If it fails to do that, it can go up to 101.90, followed by 102.20.

GOLD- There may be a good opportunity to buy gold now between 1294 and 1300. If it continues to rise, it can go up to 1305, the MA-50 daily graph.

GBPUSD- The pound is still strong against the dollar. It may go down to 1.6550, the MA-100 on the 1 hour graph, after which it can go up again to 1.6906, followed by 1.6950.

USDCAD- The pair is currently at 1.0894 the MA-100/200 the 1 hour graph. If it crosses below this level, it can go down to 1.0860, followed by 1.0820.

If it fails to do that, it can go up to 1.0906 the MA- 50 1 hour graph, followed by 1.0940 the MA- 200 4 hour graph.

Important data for today:

11:00-EUR- German Ifo Business Climate

15:30- CAD- Core CPI m / m

17:00- USD- New Home Sales

 

Daily Analysis 2014-05-26

EURUSD has reached the 200 EMA, which could be used as a support level in the long term. It may be best to wait one or two more days to see if this indicator can be used as a good signal.

GBPUSD is still getting support from the fast EMA (20). It may be a good choice to buy this pair with a short S/L and let the trend do the rest.

USDCAD looks like it is going to take a dive! This pair just can't seems to find a bottom. The next major support is not on the horizon!

CRUDE OIL is trading lower at the beginning of this week. Currently it's at 103.8. It moved $5 over the last two weeks, and a correction from this level back to 102 may occur.

S&P500 is at new high! Again and again momentum weakens, but it is still going up! Today there is NO trading for this index in observance of Memorial Day.

Economic News -

09:00 - GfK German Consumer Climate (EUR)

11:00 - ECB President Draghi Speaks (EUR)

 

Daily Analysis 2014-05-27

EURUSD- The pair is trading at the 1.3646 support level. If it crosses the support, it can go down to 1.3630, followed by 1.3560 and then 1.3450. If it fails to cross the support, it can go up to 1.3680, the MA-200 on the 1 hour graph, followed to- 1.3705.

GOLD- Gold is at 1286.60, near the 1282 support level. If it reaches the support, it may be a good opportunity to buy up to 1294, the MA-200 on the 1 hour graph.

AUDUSD- The AUD is still strong against the dollar, and it can go up to 0.9284 at first, followed by 0.9322. If it fails to do that, it can go down to 0.9240 at first, and then to 0.9178, the MA-200 on the daily graph.

USDJPY- The pair is trading at 101.90, the MA-50 on the 1 hour graph. If it crosses the level, it can go down to 101.70, followed by 101.50, the MA-200.

If the pair crosses the 101.98 resistance level, it can go up to 102.20, followed by 102.40.

Important data for today:

15:30- USD- Core Durable Goods Orders m / m

16:30- USD- ECB President Draghi Speaks

17:00- USD- CB Consumer Confidence

 

Daily Analysis 2014-05-28

EURUSD is struggling to find support. At the moment, the 200 EMA is the best indicator of when the weakening euro can stop in the near term. Today, we might see 1.36 again, and this will be a key level for the next days.

AUDUSD is at 0.926 and it seems that over the past few days, the pair has been building a low angle ascending trend line that can lead to a strong break out to its recent high of 0.94.

USDJPY is at the 102 resistance level. From here, it may be a good opportunity to SELL with a stop loss at 102.4 and a take profit at 100.9.

CRUDE OIL is trading steadily at its high from the last couple of days, but it feels like momentum is weakening. A SELL opportunity may be best for this commodity.

GOLD slumped yesterday to a 2 month low, and it looks like it's just the beginning of this move that can lead to a new low for the year! In the near term, this commodity may pull back, but it is likely just a correction from yesterday's massive move.

S&P500 is at an ALL TIME HIGH again and the trend remains strong! Selling is not advisable at this time, but if you do, you may not want to hold onto the position for more than a few days. Next stop is at 1920.

Economic news:

09:45 - French Consumer Spending m/m (EUR)

10:55 - German Unemployment Change (EUR)

11:00 - M3 Money Supply y/y + Private Loans y/y (EUR)

13:00 - CBI Realized Sales (GBP)

 

Daily Analysis 2014-05-29

EURUSD- The pair is trading at 1.3596, the MA-20 on the 1 hour graph. If it breaks down, it may go down to 1.3560 at first, followed by 1.3460. If the pair does not break down, it can go up to 1.3630, followed by 1.3660, the MA-200 on the 1 hour graph.

Crude Oil- Oil has been breaking downward since yesterday, a trend that may continue today. Currently trading at 102.51, it may go down to 101.64, the MA- 200 on the 4 hour graph.

USDJPY- The pair is trading at 101.66, the MA-200 on the 1 hour graph. If it breaks below this level, it can go down to 101.34 at first, followed 101.10. If it doesn't, it can go up to 101.80, followed by 102.00.

GBPUSD- The pound has made 180 pips so far this week, and it seems like the trend could continue today. The pair is now at the 1.6720 level. It can go down to 1.6650, the MA- 100 on the daily graph, after which it can drop as low as 1.6430.

Important data for today:

15:30- USD- Prelim GDP q / q

USD- Unemployment Claims

17:00- USD- Pending Home Sales m / m

 

Daily Analysis 2014-06-02

EURUSD is getting support at the 1.36 level. For now, the pair is moving according to the 200 EMA (daily chart), and may go up to 1.367 in the near term.

AUDUSD made a doji candle on Friday. That, combined with today's loss of the reversal pattern, could result in the pair going much lower!

CRUDE OIL is up after getting support from the fast EMA. Still, the 103 level can be a strong resistance, so there might be a correction before the commodity continues its move up.

GOLD is trading down and can't find bottom. The next major support is at 1200.

S&P500 is at an ALL TIME HIGH again. We will hear this term at least a couple of more times this year! For the near term, a correction may be getting closer, and if so, support will be at 1900.

PAY ATTENTION - this week we have massive economic news that can deeply affect the markets!

Economic News:

11:30 - Manufacturing PMI (GBP)

17:00 - ISM Manufacturing PMI (USD)

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