Press review - page 203

 

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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

GBP/USD Intraday: the downside prevails.
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.

 


 

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EURJPY Analysis

mazennafee, 2014.07.29 09:23

EUR/JPY Intraday: the upside prevails.
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.

 


 

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EURJPY Analysis

mazennafee, 2014.07.28 13:13

EUR/JPY Intraday: intraday support around 136.35.
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.

 


Reason: