EURO on trading zone. Daily Analysis for December 26, 2014

December 26, 2014

EUR/USD
1.2195
EURO on trading zone
As we see over the chart, market still holding trades inside downtrend channel which still providing drop pressure over the pair
Short-run
market managed to sustain drop toward 1.2165 this week , while market still holding short-run trading zone between 1.2160 - 1.2560 for the end of this year
market facing resistance at 1.2300 and 1.2370 which as long as market holding trades below this level the downtrend will sustain toward 1.2135 , while above 1.2370 market may hold short-run trades between 1.2160 - 1.2560
market facing good support at 1.2040 , where as long as market holding trades above this zone a rebound correction may be able to hit the market over the med-term
below 1.2040 market will face the Old support zone of 1.1875
Daily Trend: Down
Weekly Trend: Down


GBP/USD
GBP/USD: 1.5560
Pound on trading zone
As we advised before, market managed to jump above 1.5625 which allowed farther rebound correction where market managed to hit our target 1.5700-20 zone
market now facing resistance at 1.5685 and 1.5785
as long as market holding trades below 1.5825 the downtrend pressure will sustain , while above 1.5875 the indicators will start to show uptrend pressure
short-run
Market managed to offer good opportunity to short-sell around 1.5770-90, already done , while as long as market holding trades below 1.5875 the downtrend wave will sustain toward 1.5380
market managed to fell below 1.5540 indicating the continues pressure toward 1.5380 , while resistance now lying at 1.5600 and 1.5660
Med-term
as long as market holding trades below 1.5875 the downtrend wave will sustain where targets will sustain toward 1.5380 zone
Daily Trend: Down
Weekly Trend: Down


USD/JPY
USD/JPY: 120.30
Japanese Yen on uptrend wave
Short-run
As we advised before, market managed to hit below 118.00 levels which may activate farther drop later toward 115.00-50 zone
market managed to test the doors of 115.50 before rebounding while market managed to jump above resistance 119.95
market still trying to build a base for farther advance over the med-term , where market face 115.00-50 OR 113.80 may be the base of the coming uptrend wave
the coming short-run trading zone may have big range deviate between 113.00 - 124.00 zone , where 115.00-50 and 113.00-80 would consider as good zone to re-long-buy the market
Long-Run
as long as market holding trades above 100.60 the long-run uptrend wave will sustain this year
Daily Trend: Up
Weekly Trend: Up


Crude Oil
Oil (G5) 56.30
Oil tumble after OPEC decision with no supply cut
Oil prices sustain drop after OPEC meeting where countries agree that no supply cut action
Market managed to add more drop pressure after the International Energy Agency predicting the lowest demand growth since 2009
Market still holding drop pressure over WTI where Global economic slowdown with reducing expected Oil demand add more drop pressure, where Japanese data show depend recession which indicating reduce demand for Oil
Short-run
market managed to add more drop over Oil prices after the last forecast cut from IEA , where as long as market holding trades below 63.70 a farther drop would be expected over the med-run toward 50.00 levels
so far market moving inline with our expectation where managed last week to hit 53.90 low , while target still toward 50.00
market now facing trading zone between 53.90 - 59.25 , while above 59.25 market may sustain rebound to test 63.50-70 zone
as long as market holding trades below 63.70 expect target toward 50.00
Daily Trend: Down
Weekly Trend: Down


GOLD
GOLD 1196
Gold between deflation & Dollar hike
market managed to activate more drop pressure over Gold after FOMC rate projections for rising interest rate next year
while economic data from Europe and Japan showing slow down which may cause more deflation in prices which will affect Gold for more drop also next year
while the break above 1182 this month managed to activate short-run rebound correction toward 1230-35 zone , as we advised before
market managed this month to continue our projection path toward 1230-35 , which provided good zone to short-sell market , while as long as market holding trades below 1255 the downtrend pressure will back over the gold with first target toward 1195-1200 zone , already done
short-run
market managed to hit 1171 low this week before rebound today toward resistance 1195-97 zone , while as long as the daily close sustain below 1202 the short-run downtrend movement will sustain toward 1155-60 zone
any daily close above 1202 may activate farther rebound correction toward 1218-20 zone
Long-Run
long-run downtrend wave that we advise last year still targeting 1100 , where as long as market holding trades below 1255 the target will remain toward 1100
Daily Trend: Up
Weekly Trend: Down


Dow Jones
Dow Jones: 18015
Equity demand
Global Equity markets faced drop around the world , where continues drop of Oil threaten inflation for more drop , while Russian surprising rate hike placed demand for haven
market managed to fell below 17200 support zone which added more drop over equity , where market anticipate Fed to head next year for rate hike
as long as market holding trades above 17000 a rebound correction may be expected toward 17700 zone , below 17000 expect 16600-700 zone
Short-run
market managed to sustain rebound where managed to hit our target 17700 , while market sustain uptrend movement where resistance of long-run uptrend channel laying at 1800-100 zone
market may head for another drop correction where short-run still seeing trading zone between 17000 - 18100
Long-Run
as we mentioned at the end of last year and early this year , Dow managed to head toward near 18000 by the end of this year
Daily Trend: Down
Weekly Trend: Up

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