Pivot: 1.7 Our preference: Short positions below 1.7 with targets @ 1.696 & 1.692 in extension. Alternative scenario: Above 1.7 look for further upside with 1.702 & 1.705 as targets. Comment: The pair remains under pressure and is challenging its support.
Pivot: 136.6 Our preference: Long positions above 136.6 with targets @ 137.35 & 137.6 in extension. Alternative scenario: Below 136.6 look for further downside with 136.35 & 136 as targets. Comment: The pair is trading within a bullish channel.
Pivot: 136.35 Our preference: Long positions above 136.35 with targets @ 136.95 & 137.35 in extension. Alternative scenario: Below 136.35 look for further downside with 136 & 135.6 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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Indices Technical Analysis
mazennafee, 2014.07.29 12:54
S&P500 (CME) (U4) Intraday: the downside prevails.
Pivot: 1976
Our preference: Short positions below 1976 with targets @ 1959 & 1952 in extension.
Alternative scenario: Above 1976 look for further upside with 1986 & 1992 as targets.
Comment: The RSI is capped by a bearish trend line.
Supports and resistances:
1992 **
1986 **
1976 **
1968 Last
1959 **
1952 **
1942 **
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Indices Technical Analysis
mazennafee, 2014.07.29 12:56
Straits Times ST: bullish bias above 3265.
Pivot: 3265
Our preference: Long positions above 3265 with targets @ 3370 & 3410 in extension.
Alternative scenario: Below 3265 look for further downside with 3220 & 3180 as targets.
Comment: The RSI is bullish and calls for further advance.
Supports and resistances:
3460
3410
3370
3355.83 Last
3265
3220
3180
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Indices Technical Analysis
mazennafee, 2014.07.29 13:06
SMI (Eurex) (U4) Intraday: intraday support around 8469.
Pivot: 8469
Our preference: Long positions above 8469 with targets @ 8590 & 8655 in extension.
Alternative scenario: Below 8469 look for further downside with 8425 & 8390 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
8720 **
8655 **
8590 **
8507 Last
8469 *
8425 ***
8390 **
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Indices Technical Analysis
mazennafee, 2014.07.29 13:11
Hang Seng ST: the bias remains bullish.
Pivot: 23150
Our preference: Long positions above 23150 with targets @ 25000 & 26000 in extension.
Alternative scenario: Below 23150 look for further downside with 22250 & 21700 as targets.
Comment: The RSI is supported by a rising trend line.
Supports and resistances:
26350
26000
25000
24657 Last
23150
22250
21700
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Indices Technical Analysis
mazennafee, 2014.07.29 13:12
Nikkei 225 ST: caution.
Pivot: 15000
Our preference: Long positions above 15000 with targets @ 15660 & 16000 in extension.
Alternative scenario: Below 15000 look for further downside with 14520 & 13860 as targets.
Comment: The RSI is mixed with a bullish bias. The index is facing the challenge of its key resistance at 15660
Supports and resistances:
16300
16000
15660
15618 Last
15000
14520
13860
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GBPUSDAnalysis
mazennafee, 2014.07.29 09:22
Our preference: Short positions below 1.7 with targets @ 1.696 & 1.692 in extension.
Alternative scenario: Above 1.7 look for further upside with 1.702 & 1.705 as targets.
Comment: The pair remains under pressure and is challenging its support.
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GBPUSDAnalysis
mazennafee, 2014.07.28 15:15
Autocharts
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EURJPY Analysis
mazennafee, 2014.07.29 09:23
Our preference: Long positions above 136.6 with targets @ 137.35 & 137.6 in extension.
Alternative scenario: Below 136.6 look for further downside with 136.35 & 136 as targets.
Comment: The pair is trading within a bullish channel.
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EURJPY Analysis
mazennafee, 2014.07.28 15:23
Auticharts
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EURJPY Analysis
mazennafee, 2014.07.28 13:13
Our preference: Long positions above 136.35 with targets @ 136.95 & 137.35 in extension.
Alternative scenario: Below 136.35 look for further downside with 136 & 135.6 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.