Something Interesting in Financial Video January 2015 - page 3
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AUD/USD Technical Analysis for January 15 2015
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newdigital, 2015.01.17 14:17
Nikkei forecast for the week of January 19, 2015, Technical Analysis
The Nikkei spent the better part of the week falling, but found a bit of support and the ¥16,500 level, which of course was the scene of the most recent break out to the upside. Because of this, we are not interested in selling this market, but are simply waiting to see some type of supportive candle in order to buy the Nikkei, and perhaps try to grind our way back to the ¥18,000 level. We believe that will probably happen on shorter-term charts such as the daily or for our chart. With that being said, we are bullish long-term of the Nikkei, but recognize it long-term traders may have to put up with a bit more volatility than they normally choose to deal with.
Ultimately, we think we are consolidating between the ¥16,500 level, and the ¥18,000 level above. That is a perfect rectangle essentially, and therefore we do like the idea of buying and not selling because of the fact that it comes after such a strong uptrend. On top of that, the Bank of Japan is working against the value of the Yen, and that ultimately helps strengthen the export market coming out of Japan. In theory, that should help bring the value of the Nikkei up due to exports and the fact that the Bank of Japan is also buying bonds and driving down yields in that market as well, essentially forcing money into the stock market by a domestic traders.
We still believe that the ¥20,000 level will be targeted given enough time, but it’s obviously going to take a bit of work. This is a market that has seen significant upside recently, so that’s not a huge surprise. Ultimately, we feel that this market probably even breaks out above the ¥20,000 level, but with that being such a large, round, psychologically significant number, it’s likely to be one that’s going to be difficult to climb over. Pullbacks going forward should end up being buying opportunities but only if you can handle what is almost undoubtedly going to be a very volatile move.
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newdigital, 2015.01.17 14:21
USD/JPY forecast for the week of January 19, 2014, Technical Analysis
The USD/JPY pair fell initially during the course of the week but found enough support below to turn things back around and form a hammer like candle. That being the case, it appears that we are ready to grind a bit higher, but we need to get a bit of momentum in order to do so. That being the case, it takes a bit of force to break out, and we think that the market is simply taking a breather after such a massive uptrend. With that, we are buyers but recognize is going to take a bit of time.
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newdigital, 2015.01.17 14:24
DAX forecast for the week of January 19, 2015, Technical Analysis
The DAX as you can see broke much higher during the course of the week, finally breaking out to a fresh, new high. The DAX now has cleared the €10,100 level, so it now looks as if it’s ready to continue higher and start the next leg up. With that being the case, we feel that pullbacks will continue to be buying opportunities, and that the market should continue to go to higher levels such as the €10,500 level. We have no interest whatsoever in selling, and as a result are essentially “buy only.”
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newdigital, 2015.01.17 14:56
Silver forecast for the week of January 19, 2015, Technical Analysis
The silver markets as you can see broke higher during the course of the week, breaking well above the $17.50 level. If we can get above the $18 level, we feel it silver will now breakout and head to the $19 level. Ultimately, we do believe that the silver market is trying to form a bit of a bomb, and we should now continue to buy on dips. Ultimately, we think that silver will probably head towards the $22 level. We have no interest in selling as there is so much in the way of support.
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newdigital, 2015.01.17 15:25
Gold forecast for the week of January 19, 2015, Technical Analysis
The gold markets broke higher during the course of the week, clearing the $1250 level as resistance. Because of this, we feel that the market should then head to the $1350 level given enough time, and we believe the gold is starting to try to break out. With this, we are buyers every time the market dips, but quite frankly would not be surprised at all to see this market test the $1400 level now. It does appear finally the gold is taking off to the upside. With that being said, we have no interest in selling.
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newdigital, 2015.01.17 15:29
NZD/USD forecast for the week of January 19, 2015, Technical Analysis
The NZD/USD pair initially fell during the course of the week but found enough support below to turn things back around and form a hammer. The hammer of course is a supportive candle, but there is a significant amount resistance between here and the 0.80 handle. It is not until we break above there that we are comfortable buying for the longer term, so at this point time we are essentially on the sidelines as the market has been consolidating for some time now. With that, we are just simply observing.
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newdigital, 2015.01.17 15:33
USD/CAD forecast for the week of January 19, 2015, Technical Analysis
The USD/CAD pair broke higher during the course of the week, testing the 1.20 level. However, that area offered enough resistance to keep the market underneath it, so pullbacks could be what we see next. Nonetheless, we do think that this market will eventually break above that barrier, and we look at pullbacks as potential value in the USD, and as a result will be looking to buy on dips. We believe that the 1.18 area should offer support, so therefore we think that the market won’t dip too far. Even if it does, 1.15 below is even more supportive.
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newdigital, 2015.01.17 15:35
GBP/USD forecast for the week of January 19, 2015, Technical Analysis
The GBP/USD pair went back and forth during the course of the week as you can see, but the one thing that it did in fact show was that the 1.50 level continues to be very supportive. With that being said, we anticipate that this market will then head to the 1.55 level given enough time, and as a result we believe that short-term buyers will probably move this market. We have no interest in selling, so therefore we do see the ability to buy this pair, but longer-term players may have issues with the lack of space.
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newdigital, 2015.01.17 15:41
EUR/USD forecast for the week of January 19, 2015, Technical Analysis
The EUR/USD pair fell during the course of the week, slicing through the massive support at the 1.18 handle. We fell all the way below the 1.15 handle at one time during the week, but found enough support to bounce back over it. With that being said, we could bounce a little bit to test the area near the 1.18 handle for resistance, and as a result we could look for selling opportunities there. As far as buying is concerned, we would need to see this market break back above the 1.20 level in order to start buying long-term.