U. Financial Holdings

08/04/2017

31/03/2017

GBP/USD levels to consider

As of writing the pair is up 0.13% at 1.2485 and a breakout of 1.2529 (high Mar.30) would aim for 1.2618 (high Mar.27) and finally 1.2664 (200-day sma). On the other hand, the next support aligns at 1.2419 (55-day sma) followed by 1.2401 (low Mar.30) and then 1.2375 (low Mar.29).

31/03/2017

USDJPY Technical levels to watch

Immediate support is pegged near 111.60-55 area, below which the pair is likely to drop back towards the 111.00 handle ahead of its next major support near 110.65 level. On the flip side, momentum above 112.20 level (session high) could get extended towards 112.50 resistance before the pair darts towards testing 50-day SMA hurdle near 113.00 round figure mark.

30/03/2017

AUD/USD Levels to watch

At 0.7659, the pair finds the immediate support located at 0.7605/01 (Mar 27 & 24 low). Selling pressure is likely to intensify below the last, dragging the Aussie to 0.7550 (200-DMA/ psychological mark) and below that 0.7519/00 (100-DMA/ zero figure). On the flip side, the immediate resistance at 0.7677 (daily high) above which gains could be extended to the next hurdle located 0.7692/0.7700 (Mar 22 high/ round number) and 0.7752 (4-month tops).

30/03/2017

“The 4 hours chart for the EUR/USD pair shows that the price settled well below the 1.0820 critical region, where the 20 SMA is slowly turning lower. In the same chart, technical indicators have pared loses near oversold readings, but are far from indicating a bounce, all of which maintains the risk towards the downside. Nevertheless, the pair has a strong support around 1.0735, and a stronger one at 1.0700, with a break below this last required to confirm additional declines that can extend down to the 1.0590 during the upcoming sessions.
Support levels: 1.0735 1.0700 1.0660 Resistance levels: 1.0780 1.0825 1.0860.”

30/03/2017

Comex Gold Technical Levels

The metal has an immediate resistance at 1253.24 (5-DMA) and 1257.70 (Mar 27 high). Meanwhile, the support stands at 1243.52 (200-DMA) below which doors could open for 1240 (round number).

28/03/2017

“The cross has eroded the key band of resistance offered by the 1.0829 February high, the 1.0851 October low, 1.0875 December high and 1.0880 200 day moving average (although we have not yet seen a close above here). The market is immediately bid above 1.0760 – we would allow for the 1.0978/1.1000 region to be reached. This area is where the 100% Fibonacci extension of the January-to-February advance, projected from the February low, coincides with the 50% retracement of the move down from the May peak”.

“Below 1.0760. Will alleviate immediate upside pressure and trigger a slide back to the 55 day ma at 1.0664”.

27/03/2017

USD/JPY levels

USD/JPY is now vulnerable to further weakness to 109.10 the 50% retracement and the 108.21 200 day ma according to analysts at Commerzbank." Note the 200 week ma lies at 110.11 and the 55 week ma lies at 108.55.Please also note that the Elliott wave count on the daily chart suggests that this is the end of the down move." However, the analysts explained that rallies will find initial resistance at 113.50/63 on the wide but said that only above 115.62, would they look for a challenge to the key short term resistance offered by the 16-month resistance line at 117.55.

27/03/2017

Gold Technical Levels

At the time of writing, the metal was trading at $1256/Oz levels. A break above $1259.25 (200-DMA) would expose $1263.87 (Feb 27 high). A daily close above the same would establish higher lows and higher highs formation and open doors for $1300 (zero figure). On the other hand, a breakdown of support at $1244.83 (session low) could yield a sell-off to $1233.20 (5-DMA) and $1208.08 (Mar 28 low).

26/03/2017

25/03/2017

“The journey of a thousand miles begins with a single step.”

23/03/2017

Gold buy 1248 sl 1246 tp 1257
Sell Gold1246 sl 1248 tp 1240

Oil buy 47.94 sl 47.75 tp 48.60
Sell oil 47.80 sl 48.00 tp 46.70

Eur buy 1.0800 sl 1.0785 tp 1.0860
Sell eur 1.0792 sl 1.0810 tp 1.0730

Sell jpy 111.22 sl 111.40 tp 110.30
Jpy buy 111.35 sl 111.15 tp 112.30

Sell gbp 1.2460 sl 1.2480 tp 1.2390
Gbp buy 1.2472 sl 1.2452 tp 1.2544

Aud buy 0.7668 sl 0.7650 tp 0.7705
Sell Aud 0.7660 sl 0.7680 tp 0.7625

Sell Cad below 1.3350 sl 1.3370 1.3270
Buy Cad 1.3358 sl 1.3340 tp 1.3430