Monday Aug 18, 2014

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DAILY FOREX MARKET ANALYSIS SELECTED CURRENCY PAIRS AUGUST 18, 2014 ______________________________________________________________ I. CURRENCY ANALYSIS WIDE-VIEW ANALYSIS NARROWED-VIEW ANALYSIS BRIEF DESCRIPTION II. POSSIBLE TRADES NEXT FEW DAYS ________________________________________________________ TODAY´S PAIRS GBP USD GBP NZD NZD CAD EURO JPY NZD JPY GBP CAD AUD USD USD JPY CHF JPY AUD NZD

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Monday Aug 18, 2014

Transcript of Monday Aug 18, 2014

  • DAILY FOREX MARKET ANALYSIS

    SELECTED CURRENCY PAIRS

    AUGUST 18, 2014______________________________________________________________

    I. CURRENCY ANALYSIS

    WIDE-VIEW ANALYSIS

    NARROWED-VIEW ANALYSIS

    BRIEF DESCRIPTION

    II. POSSIBLE TRADES NEXT FEW DAYS

    ________________________________________________________

    TODAYS PAIRS

    GBP USD

    GBP NZD

    NZD CAD

    EURO JPY

    NZD JPY

    GBP CAD

    AUD USD

    USD JPY

    CHFJPY

    AUD NZD

  • I. CURRENCY ANALYSIS

    GBP USD

    WIDE-VIEW

    DAILY CHART

    1,2500

    1,5000

    1,7500

    2,0000

    02/02/2007 14/07/2009 11/08/2010 06/09/2011 01/10/2012 29/10/2013 29/10/2014 04/08/2015

    2008 2009 2010 2011 2012 2013 2014 2015

    FXCM Marketscope 2014

    1,67262

    IMMEDIATE-VIEW

    DAILY CHART

    Has broken Bullish from a large Pennant Has broken Bearish below Uptrend Lines Has hit Weekly Range Target

  • GBP NZD

    WIDER-VIEW

    DAILY CHART

    1,8000

    1,9000

    2,0000

    2,1000

    2,2000

    01/08/2012 30/04/2013 02/09 07/01/2014 12/05 06/09 04/12 03/03/2015

    Sep Nov 2013 Mar May Jul Sep Nov 2014 Mar May Jul Sep Nov

    FXCM Marketscope 2014

    1,97236

    IMMEDIATE VIEW

    DAILY CHART

    1,9250

    1,9500

    1,9750

    2,0000

    2,0250

    2,0500

    02/12/2013 13/02 18/03 18/04 21/05 23/06 24/07 24/08

    2014 Feb Mar Apr May Jun Jul Aug Sep

    FXCM Marketscope 2014

    1,97233

    Has broken below Uptrend Line

    Is moving inside Pennant

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  • NZD CAD

    WIDER - VIEW

    DAILY CHART

    0,7000

    0,8000

    0,9000

    07/01/2008 06/07/2009 14/06/2010 19/05/2011 24/04/2012 02/04/2013 11/03/2014 25/12 25/08/2015

    2009 2010 2011 2012 2013 2014

    FXCM Marketscope 2014

    0,92304

    IMMEDIATE VIEW

    DAILY CHART

    0,8750

    0,9000

    0,9250

    0,9500

    0,9750

    20/12/2013 10/02 17/03 21/04 26/05 30/06 04/08 02/09 27/09

    2014 Feb Mar Apr May Jun Jul Aug Sep Oct

    FXCM Marketscope 2014

    0,92306

    Has broken Several Uptrend Lines

    Broken out of Pennant with weak candles

    _______________________________________________________

  • EURO JPY

    WIDER-VIEW

    DAILY CHART

    100,00

    125,00

    150,00

    10/06/2010 20/09/2011 13/06/2012 11/03/2013 03/12 27/08/2014 06/03/2015 13/09 22/03/2016

    Sep 2011 May 2012 2013 2014 Sep

    FXCM Marketscope 2014

    137,038

    IMMEDIATE VIEW

    DAILY CHART

    132,50

    135,00

    137,50

    140,00

    142,50

    145,00

    27/11/2013 22/01/2014 26/02 02/04 07/05 11/06 16/07 20/08 14/09

    2014 Mar May Jul Sep

    FXCM Marketscope 2014

    137,038

    Possibly forming a Large Pennant

    Possible 2nd Support point being formed

    __________________________________________________________

  • NZD JPY

    WIDER-VIEW

    DAILY CHART

    50,00

    60,00

    70,00

    80,00

    90,00

    100,00

    09/03/2005 05/02/2008 02/09/2009 31/03/2011 24/10/2012 26/05/2014 02/08/2015 14/09/2016 28/10/2017

    2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

    FXCM Marketscope 2014

    86,953

    IMMEDIATE VIEW

    DAILY CHART

    84,00

    85,00

    86,00

    87,00

    88,00

    89,00

    90,00

    26/02/2014 18/04 13/05 05/06 30/06 23/07 15/08 03/09

    Mar May Jul Sep

    FXCM Marketscope 2014

    86,955

    Possibly Forming Large Range

    Possible 2nd Support Being formed

  • GBP CAD

    WIDER-VIEW

    DAILY CHART

    1,6000

    1,7000

    1,8000

    09/11/2012 16/05 28/08 10/12 26/03/2014 08/07 02/10 15/12 27/02/2015

    2013 Mar May Jul Sep Nov 2014 Mar May Jul Sep

    FXCM Marketscope 2014

    1,82089

    IMMEDIATE VIEW

    DAILY CHART

    1,7500

    1,7750

    1,8000

    1,8250

    1,8500

    1,8750

    1,9000

    07/01/2014 26/02 31/03 01/05 03/06 04/07 06/08 02/09 25/09

    Feb Mar Apr May Jun Jul Aug Sep Oct

    FXCM Marketscope 2014

    1,82090

    Broken Inner Uptrend Line

    Two Pennants side-by-side

    ___________________________________________________________

  • AUD USD

    WIDER -VIEW

    DAILY CHART

    0,9000

    0,9500

    1,0000

    1,0500

    1,1000

    30/03/2011 31/01/2012 16/07 31/12 17/06/2013 29/11 19/05/2014 11/10 07/02/2015

    May Sep 2012 May Sep 2013 May Sep 2014 May Sep

    FXCM Marketscope 2014

    0,93240

    IMMEDIATE VIEW

    DAILY CHART

    0,8750

    0,9000

    0,9250

    0,9500

    31/12/2013 14/03 18/04 23/05 27/06 01/08 01/09 26/09

    Mar May Jul Sep

    FXCM Marketscope 2014

    0,93241

    Possibly Forming A Range

    May break Uptrend Line, Start Downtrend

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  • USD JPY

    WIDER VIEW

    DAILY CHART

    80,00

    85,00

    90,00

    95,00

    100,00

    105,00

    110,00

    25/08/2011 24/04/2012 21/09 22/02/2013 24/07 23/12 26/05/2014 05/10 21/01/2015

    2012 May Jul Sep 2013 May Jul Sep 2014 May Jul Sep Nov

    FXCM Marketscope 2014

    102,551

    IMMEDIATE VIEW

    DAILY CHART

    100,00

    102,50

    105,00

    10/12/2013 20/02 25/03 25/04 28/05 30/06 31/07 29/08

    2014 Feb Mar Apr May Jun Jul Aug Sep

    FXCM Marketscope 2014

    102,551

    Within A Range above Outer Uptrend Line

    _________________________________________________________

  • CHF JPY

    WIDER-VIEW

    DAILY CHART

    80,00

    90,00

    100,00

    110,00

    120,00

    31/05/2010 05/10 05/06/2012 06/02/2013 08/10 11/06/2014 22/12 14/06/2015

    Sep 2011 May Sep 2012 May Sep 2013 May Sep 2014 May Sep

    FXCM Marketscope 2014

    113,112

    IMMEDIATE VIEW

    DAILY CHART

    110,00

    112,50

    115,00

    117,50

    120,00

    122,50

    07/10/2013 12/12 23/01/2014 04/03 11/04 21/05 30/06 07/08 08/09

    Nov 2014 Mar May Jul Sep

    FXCM Marketscope 2014

    113,112

    Above Outer Uptrend Line

    Possibly Forming Support of Pennant

    __________________________________________________________

  • AUD NZD

    WIDER-VIEW

    DAILY CHART

    1,1000

    1,2000

    1,3000

    27/05/2010 14/04/2011 22/11 29/06/2012 08/02/2013 18/09 30/04/2014 06/11 13/04/2015

    Sep 2011 May Sep 2012 May Sep 2013 May Sep 2014 May Sep 2015

    FXCM Marketscope 2014

    1,09924

    IMMEDIATE VIEW

    DAILY CHART

    1,0500

    1,0600

    1,0700

    1,0800

    1,0900

    1,1000

    14/01/2014 26/02 25/03 21/04 16/05 12/06 09/07 05/08 28/08

    Mar May Jul Sep

    FXCM Marketscope 2014

    1,09926

    Has broken Inner Downtrend Line

    Has formed a Large Pennant

    Now at Resistance in a small Range___________________________________________________________

  • III. POSSIBLE TRADES NEXT FEW DAYS

    PAIR SETUPS & SIGNALS

    CHF JPY Break of Downtrend Line, Rally To ResistanceEUR JPY Break of Downtrend Line, Rally To ResistanceAUD NZD Break of Small Range - Major Bullish Breakout/Down to

    SupportGBP CAD Break of Pennant- Bearish Breakout

    ___________________________________________________________