Author: FX_Trdr

2013.12.04 | USDJPY Market Analysis

USDJPY Trends & Fibonacci Retracement Levels

The USDJPY currency pair has been virtually unchanged in forex market trading today as this sharply ascending pair looks to take a breather. The USDJPY has registered a high of 102.828 and reached to a low of 102.232 on the day. Trends data shows the pair is potentially topping out in its short-term uptrend with prices trading right at the 21-period linear moving average. Over the longer term trend, the pair continues to be in an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below. Fibo target levels include the 0.0% retracement at 103.37 above and the 23.6% retracement of 101.583 below.

USDJPY Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 252.7 pips
30-day current trend is BULLISH / Trend strength of 582.4 pips
60-day current trend is BULLISH / Trend strength of 334.5 pips
90-day current trend is BULLISH / Trend strength of 288.2 pips
180-day current trend is BULLISH / Trend strength of 120.7 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 103.370
— 0.236 – 101.583
— 0.382 – 100.478
— 0.500 – 99.585
— 0.618 – 98.691
— 0.764 – 97.586
— 1.000 – 95.799

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.04 13:30 6:30AM ET | EURUSD Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the EURUSD currency pair today. Price action is currently trading over the daily pivot point at the 1.35900 price level, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.35970 while the low of day reached to 1.35666. The pair earlier today opened the Asian trading session above the daily pivot and has trended mostly sideways over the course of the day with support being found at the pivot area 0f 1.3575.

Daily Pivot Point: 1.35753
— S1 – 1.35376
— S2 – 1.34860
— S3 – 1.34483
— R1 – 1.36269
— R2 – 1.36646
— R3 – 1.37162

Weekly Pivot Points: EURUSD

Prices are currently trading higher than the weekly pivot point at time of writing. The EURUSD has been on an overall sideways pace this week after opening the trading week above the weekly pivot.

Weekly Pivot Point: 1.35664
— S1 – 1.35118
— S2 – 1.34348
— S3 – 1.33802
— R1 – 1.36434
— R2 – 1.36980
— R3 – 1.37750

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.04 13:30 6:30AM ET | GBPUSD Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the GBPUSD currency pair today. Price action is currently trading below the daily pivot point at the 1.63675 price level, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.63965 while the low of day reached to 1.63210. The pair earlier today opened the Asian trading session just below the daily pivot and has trended lower over the course of the day with prices seeing a spike lower through the S1 support level before recovering somewhat.

Daily Pivot Point: 1.63899
— S1 – 1.63442
— S2 – 1.62998
— S3 – 1.62541
— R1 – 1.64343
— R2 – 1.64800
— R3 – 1.65244

Weekly Pivot Points: GBPUSD

Prices are currently trading over the weekly pivot point at time of writing. The GBPUSD has been on an overall sideways trend this week after opening the trading week above the weekly pivot.

Weekly Pivot Point: 1.62918
— S1 – 1.62003
— S2 – 1.60407
— S3 – 1.59492
— R1 – 1.64514
— R2 – 1.65429
— R3 – 1.67025

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.04 13:30 6:30AM ET | USDJPY Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the USDJPY currency pair today. Price action is currently trading slightly under the daily pivot point at the 102.480 price level, according to data at 6:30 AM ET. The USDJPY high for the day has been 102.828 while the low of day reached to 102.232. The pair earlier today opened the Asian trading session below the daily pivot and has trended overall sideways as the day has progressed with prices finding support and resistance around the pivot and 102.50 level.

Daily Pivot Point: 102.611
— S1 – 101.852
— S2 – 101.209
— S3 – 100.450
— R1 – 103.254
— R2 – 104.013
— R3 – 104.656

Weekly Pivot Points: USDJPY

Prices are currently trading above the weekly pivot point at time of writing. The USDJPY has been on an overall slightly bullish trend this week after opening the trading week above the weekly pivot.

Weekly Pivot Point: 102.042
— S1 – 101.483
— S2 – 100.572
— S3 – 100.013
— R1 – 102.953
— R2 – 103.512
— R3 – 104.423

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.04 13:30 6:30AM ET | USDCHF Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the USDCHF currency pair today. Price action is currently trading below the daily pivot point at the 0.90223 price level, according to data at 6:30 AM ET. The USDCHF high for the day has been 0.90632 while the low of day reached to 0.90206. The pair earlier today opened the Asian trading session below the daily pivot, found support to above the daily pivot and then has trended lower as the day has gone on.

Daily Pivot Point: 0.90537
— S1 – 0.90075
— S2 – 0.89736
— S3 – 0.89274
— R1 – 0.90876
— R2 – 0.91338
— R3 – 0.91677

Weekly Pivot Points: USDCHF

Prices are currently trading under the weekly pivot point at time of writing. The USDCHF has seen an overall bearish result so far this week after opening the trading week below the weekly pivot. The pair topped out this week at the monthly pivot at 0.9108 before heading back to the 0.9000 area.

Weekly Pivot Point: 0.90691
— S1 – 0.90078
— S2 – 0.89572
— S3 – 0.88959
— R1 – 0.91197
— R2 – 0.91810
— R3 – 0.92316

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.04 | AUDUSD Market Analysis

AUDUSD Trends & Fibonacci Retracement Levels

The AUDUSD currency pair has been declining in forex market trading today with the AUDUSD registering a high of 0.91393 and reaching to a low of 0.90071 on the day. Trends data shows the pair is remaining in a short-term downtrend with prices trading under the 21-period linear moving average. Over the longer term trend, the pair continues to be in an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below. Major level of 0.9000 lurks below that could offer support for this falling pair.

AUDUSD Trends Data: Linear Regression Indicator

10-day current trend is BEARISH / Trend strength of -226.5 pips
30-day current trend is BEARISH / Trend strength of -577.2 pips
60-day current trend is BEARISH / Trend strength of -207.8 pips
90-day current trend is BULLISH / Trend strength of 362.4 pips
180-day current trend is BEARISH / Trend strength of -1023.5 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 0.88468
— 0.236 – 0.90616
— 0.382 – 0.91944
— 0.500 – 0.93018
— 0.618 – 0.94092
— 0.764 – 0.95420
— 1.000 – 0.97568

By CountingPips.com – Forex Trading News & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

Italian Finance Minister Fabrizio Saccomanni tells WSJ’s Finance Editor Francesco Guerrera that the euro might go lower, Italy’s economy is on the mend and its politics are getting more straightforward after Silvio Berlusconi’s exit. Photo: Getty Images.

President Barack Obama announced a boost to funding for research into HIV/AIDS prevention and pledged up to $5 billion to support an international effort aimed at combating HIV/AIDS. Speaking at the White House to mark World AIDS Day, the president said the United States would contribute $1 for every $2 pledged by other donors over the next three years to support The Global Fund, an international financing institution that fights AIDS, tuberculosis and malaria.

Israeli Prime Minister Benjamin Netanyahu should take the heat out of his row with U.S. President Barack Obama, his top coalition partner said on Tuesday, warning that the spat over Iran was not helping Israel. “I think we have to lower the flames with the Americans,” said Finance Minister Yair Lapid, who heads the second largest party in the government. “This confrontation isn’t good and it also doesn’t serve our goal,” he told Army radio. Relations between Israel and Washington, traditionally the closest of allies, have soured over the past month, with Netanyahu openly criticizing Obama for backing a world powers’ deal aimed at curbing Iran’s nuclear activities. Some analysts and commentators have said the dispute has pushed relations between the two countries to their worst level in more than 20 years, causing unease in Israel which relies heavily on military and diplomatic support from Washington.

By CountingPips.com

Weekly CFTC Net Speculator Report

10 Year Treasuries: Large trader and futures market speculators cut back on their overall bearish positions in the 10-year treasury note futures for a third straight week on November 26th, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The COT report was released on Monday instead of the usual Friday due to last week’s US holiday. The non-commercial futures contracts of the 10-year treasury notes, traded by large speculators and hedge funds, totaled a net position of -155,554 contracts in the data for November 26th. This was a change of +24,809 contracts from the previous week’s total of -180,363 net contracts that was recorded on November 19th. The past three weeks have seen the 10-Year bearish positions retreat from the November 5th level which had marked the highest bearish position in 10-year notes in 2013.

Over the last week’s time-frame, the yield on the 10-Year treasury note recorded the same level of 2.71 on Tuesday November 19th as the 2.71 registered on Tuesday November 26th, according to US Treasury data.

Last 6 Weeks of Large Trader Positions

*COT Report: The weekly commitment of traders report summarizes the total trader positions for open contracts in the futures trading markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

Article by CountingPips.com – Forex Trading News & Analysis