Equity on trading zone. Daily Analysis for March 05, 2015

5 March, 2015

EUR/USD 1.1050
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
EURO still holding trades near this year low as downtrend pressure still affecting market
Short-Run
Market managed to sustain drop in the last 2 months indicating the sustain drop pressure for this month also
Market facing now first resistance at 1.1245-70 , while as long as market holding trades below this levels the downtrend pressure will sustain toward 1.0700 - 1.0800 zone
Daily Trend: Down
Weekly Trend: Down


GBP/USD
GBP/USD: 1.5255
Pound on trading zone
Market managed to fell below 1.5315 which placed more drop pressure to test 1.5200-25 zone
as long as market holding trades above 1.5190 a chance to obtain rebound correction toward 1.5480 will sustain , while below 1.5190 market may face more drop pressure to head toward 1.5020 zone
Daily Trend: Down
Weekly Trend: Down


USD/JPY
USD/JPY: 120.15
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 month 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) 52.15 ......
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 (which already done in the last 5 weeks)
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 1200
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: 18100
Equity on trading zone
Market managed this week to enter our targeted zone 18250-300 which will consider as take profit zone for the long-buy positions
market still facing resistance zone at 18250-320 zone , where as long as the daily close sustain below 18320 will expect another drop correction which may target 17200
market may hold short-run trading zone between 17000 - 18300
short-run
Market managed to head for drop correction after testing 18250-320 zone this week , while market still facing support at 18010-35 zone
as long as market holding trades above 18010 the market may sustain advance to test 18250-320 zone again
below 18010 market may sustain drop toward 17900 and 17800 zone
Daily Trend: UP
Weekly Trend: Up


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