Japanese Yen on uptrend wave. Currency Analysis for February 26, 2015

February 26, 2015

EUR/USD 1.1295
Euro tumbled after ُECB Draghi announced bigger QE
Euro slump after Mr. Draghi announced bigger than expected quantitative easing which placed new drop pressure over Euro
U.S labor market data managed to add more drop pressure over short-run
short-run
as market failed to break above 1.1535 resistance zone , market managed to retreat after U.S jobs market data , while target still as we advised before to test 1.1220-60 zone
market still searching for father drop over short-run to test 1.0800 - 1.0900 zone
as long as market holding trades below 1.1535 the downtrend pressure will sustain toward 1.0800 - 900 zone
above 1.1535 market may initiate farther rebound toward 1.1720 zone
Daily Trend: Down
Weekly Trend: Down 


GBP/USD
GBP/USD: 1.5475
Pound & the rebound correction
as we see over the chart, market managed to hold uptrend rebound correction where managed last week to test 1.5480 zone
short-run showing support level around 1.5315 which as long as market holding trades above this zone the rebound correction may sustain toward 1.5580
below 1.5315 the drop pressure may back to affect the market for farther drop to test 1.5215 and maybe 1.5130 zone
Daily Trend: Down
Weekly Trend: Down


USD/JPY
USD/JPY: 119.05
Japanese Yen on uptrend wave
Short-run
market managed to obtain drop correction after testing resistance level of 120.80
market managed to hit 120.45 last week before market retreated fast on speculation that Yen may halt his depreciation against Dollar this year
so far indicators still seeing ability for market to hold trading zone between 121.50 - 113.80
market still holding chance to sustain advance to test 121.20-50 zone , while as long as market holding trades below 121.85 expect another drop correction toward 113.85
first support zone at 118.35 where as long as market holding trades above this zone expect 121.20-50
Daily Trend: Up
Weekly Trend: Up


Crude Oil
Oil (5J) 49.90......
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
Short-run
market managed to rebound above 52.50 which allowed market for bigger rebound toward 54.20
market may hold the short-run trades inside 45 - 60 zone
as long as market holding trades below 54.25 expect another drop to test 45.50 - 46.00 zone again
above 54.25 market may sustain rebound toward 56.50 and 58.50
Daily Trend: UP
Weekly Trend: Down


GOLD
GOLD 1217
Drop pressure back to affect Gold
market back to dump haven on Europe-Greek agreement while Russia-germany-france meeting over Ukrainian crises helped to dump haven more
while market faced more drop pressure on Ukraine Cease-Fire Deal
market managed as we expected to fell to test 1195-99 support zone as we can see over the chart where market managed to attract more buyers as rebound correction
below 1167 market may head for another drop toward 1145 zone
as long as market holding trades below 1223 the downtrend pressure will sustain toward 1170
above 1223 market may add more advance where 1235-45 may become target for Gold
Daily Trend: Down
Weekly Trend: Down


Dow Jones
Dow Jones: 18190
Equity on trading zone
market managed last week to add more advance toward 18000 zone
above 18050 market may activate more advance toward 18250-300 zone
market may hold short-run trading zone between 17000 - 18300
short-run
market managed to jump above 18050 which indicating ability to hold advance toward 18250-300 as we advised before
as long as market holding trades below 18300 will expect another drop correction movement toward 17200
Daily Trend: UP
Weekly Trend: Up

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