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MNI FX Technical Analysis Mail
29 December 2014
Contents
EURO-DOLLAR: Above $1.2302 To Ease Bearish Pressure
2
DOLLAR-YEN: ¥119.71 & ¥121.00 Levels Now Key
3
EURO-YEN: 21-DMA Key To Direction
4
CABLE: Above $1.5608 To Ease Bearish Pressure
5
EURO-STERLING: Above £0.7870 To Ease Bearish Pressure
6
GOLD: $1203.4 Resistance Key
7
The information contained herein has been obtained from, or is based upon, sources believed by us to be reliable but we make
no representation or warranty as to its accuracy or completeness. This is not an offer or solicitation of an offer to buy/sell.
Copyright © 2012 Market News International, Inc. All rights reserved. Unauthorized distribution or reproduction is prohibited.
MNI FX Technical Analysis Report | Page 2
EURO-DOLLAR: Above $1.2302 To Ease Bearish Pressure
*RES 4: $1.2302 Hourly resistance Dec 19
*RES 3: $1.2273 High Dec 22
*RES 2: $1.2254 High Dec 25
*RES 1: $1.2226 Hourly resistance Dec 26
*PRICE: $1.2200 @ 1030GMT
*SUP 1: $1.2165 2014 Low Dec 23
*SUP 2: $1.2133 Low Aug 2 2012
*SUP 3: $1.2131 Bollinger band base
*SUP 4: $1.2042 2012 Low July 24 2012
*COMMENTARY:
Layers of resistance remain in the $1.2226-1.2302 region with bulls needing a close above $1.2302 to
confirm an easing of bearish pressure. Overall a close above $1.2365 is needed to confirm a break of the
21-DMA ($1.2327) and to shift focus to layers of resistance in the $1.2435-1.2599 region. While $1.2302
caps bears remain focused on the 2012 low with the Bollinger band base and O/S studies now concerns.
The information contained herein has been obtained from, or is based upon, sources believed by us to be reliable but we make
no representation or warranty as to its accuracy or completeness. This is not an offer or solicitation of an offer to buy/sell.
Copyright © 2012 Market News International, Inc. All rights reserved. Unauthorized distribution or reproduction is prohibited.
MNI FX Technical Analysis Report | Page 3
DOLLAR-YEN: ¥119.71 & ¥121.00 Levels Now Key
*RES 4: ¥121.67 Bollinger band top
*RES 3: ¥121.00 High Dec 9
*RES 2: ¥120.82 High Dec 24
*RES 1: ¥120.61 Hourly resistance Dec 29
*PRICE: ¥120.38 @ 1030GMT
*SUP 1: ¥119.91 Low Dec 25
*SUP 2: ¥119.71 Hourly support Dec 22
*SUP 3: ¥119.33 21-DMA
*SUP 4: ¥118.26 Low Dec 18
*COMMENTARY:
The recovery from the ¥115.57 level has stalled ahead of the ¥121.00 level with initial resistance now noted
at ¥120.61. Initial support is remains in the ¥119.71-91 region with bears needing a close below ¥119.71 to
confirm an easing of bullish pressure and below the 21-DMA to shift initial focus to the ¥117.69-118.26
region. Bulls now need a close above ¥121.00 to reconfirm bullish pressure and retain immediate focus on
the 2014 high and overall focus on the 2007 high at ¥124.16.
The information contained herein has been obtained from, or is based upon, sources believed by us to be reliable but we make
no representation or warranty as to its accuracy or completeness. This is not an offer or solicitation of an offer to buy/sell.
Copyright © 2012 Market News International, Inc. All rights reserved. Unauthorized distribution or reproduction is prohibited.
MNI FX Technical Analysis Report | Page 4
EURO-YEN: 21-DMA Key To Direction
*RES 4: ¥149.80 2014 High Dec 8
*RES 3: ¥148.95 High Dec 9
*RES 2: ¥148.37 Hourly resistance Dec 9
*RES 1: ¥147.18 21-DMA
*PRICE: ¥146.95 @ 1030GMT
*SUP 1: ¥145.94 Low Dec 22
*SUP 2: ¥145.58 Low Dec 18
*SUP 3: ¥145.43 Bollinger band base
*SUP 4: ¥144.95 Low Dec 16
*COMMENTARY:
Recent pressure on the rising daily trend line from late Oct has resulted in the pair breaking below with
bears looking for a close below ¥145.94 to confirm a clean break and shift focus back to the ¥144.77-95
region. The 21-DMA continues to cap rallies with bulls needing a close above to confirm focus on the
¥148.37-149.80 region with the Bollinger band top noted at ¥149.01. The Bollinger band base at ¥145.35 is
seen as the key concern for bears.
The information contained herein has been obtained from, or is based upon, sources believed by us to be reliable but we make
no representation or warranty as to its accuracy or completeness. This is not an offer or solicitation of an offer to buy/sell.
Copyright © 2012 Market News International, Inc. All rights reserved. Unauthorized distribution or reproduction is prohibited.
MNI FX Technical Analysis Report | Page 5
CABLE: Above $1.5608 To Ease Bearish Pressure
*RES 4: $1.5789 High Dec 16
*RES 3: $1.5684 High Dec 19, Falling daily channel top
*RES 2: $1.5640 21-DMA
*RES 1: $1.5608 High Dec 23
*PRICE: $1.5571 @ 1030GMT
*SUP 1: $1.5528 Alternating hourly support/resistance
*SUP 2: $1.5486 2014 Low Dec 23
*SUP 3: $1.5462 Low Aug 30 2013
*SUP 4: $1.5425 Low Aug 28 2013
*COMMENTARY:
Fresh 2014 lows last Tuesday confirmed immediate focus on the $1.5425-62 region with bears looking for a
close below to initially target $1.5204. The Bollinger band base ($1.5505) remains the key concern for
bears and may limit follow through. Bulls continue to look for a close above $1.5608 to ease bearish
pressure and above $1.5684 to confirm breaks of the 21-DMA & channel top, shifting immediate focus to
the $1.5788-1.5825 region where the 55-DMA is located.
The information contained herein has been obtained from, or is based upon, sources believed by us to be reliable but we make
no representation or warranty as to its accuracy or completeness. This is not an offer or solicitation of an offer to buy/sell.
Copyright © 2012 Market News International, Inc. All rights reserved. Unauthorized distribution or reproduction is prohibited.
MNI FX Technical Analysis Report | Page 6
EURO-STERLING: Above £0.7870 To Ease Bearish Pressure
*RES 4: £0.7992 Falling daily trend line
*RES 3: £0.7954 High Dec 17
*RES 2: £0.7923 High Dec 18
*RES 1: £0.7870 High Dec 23
*PRICE: £0.7836 @ 1030GMT
*SUP 1: £0.7801 Falling daily channel base
*SUP 2: £0.7798 Low Nov 6
*SUP 3: £0.7766 2014 Low Sept 30
*SUP 4: £0.7764 2012 Low July 23 2012
*COMMENTARY:
The correction lower from last week’s high has seen immediate focus shift to the £0.7798-0.7801 region
and overall focus back to the key £0.7764-66 region where 2012 and 2014 lows are located. Bulls now
need a close above £0.7870 to confirm an easing of bearish pressure and above £0.7923 to confirm breaks
of key DMAs and to shift overall focus back to the £0.8001-67 region where layers of resistance are
located.
The information contained herein has been obtained from, or is based upon, sources believed by us to be reliable but we make
no representation or warranty as to its accuracy or completeness. This is not an offer or solicitation of an offer to buy/sell.
Copyright © 2012 Market News International, Inc. All rights reserved. Unauthorized distribution or reproduction is prohibited.
MNI FX Technical Analysis Report | Page 7
GOLD: $1203.4 Resistance Key
*RES 4: $1224.3 - High Dec 15
*RES 3: $1222.5 - 100-DMA
*RES 2: $1213.8 - High Dec 18
*RES 1: $1203.4 - High Dec 22
*PRICE: $1193.1 @ 1030GMT
*SUP 1: $1192.1 - Hourly support Dec 26
*SUP 2: $1183.6 - Hourly support Dec 26
*SUP 3: $1170.8 - Low Dec 22
*SUP 4: $1166.5 - Bollinger band base
*COMMENTARY:
The bounce Friday has eased bearish pressure and seen immediate focus shift back to the key $1203.6
resistance level. Bulls look for a close above this level to confirm breaks of the 21 & 55-DMAs, shifting
immediate focus to the $1213.8-1224.3 region where the 100-DMA is located. Layers of support have
accumulated on the hourlies with bears now needing a close back below $1183.6 to provide breathing
space and below $1170.8 to target 2014 lows.
The information contained herein has been obtained from, or is based upon, sources believed by us to be reliable but we make
no representation or warranty as to its accuracy or completeness. This is not an offer or solicitation of an offer to buy/sell.
Copyright © 2012 Market News International, Inc. All rights reserved. Unauthorized distribution or reproduction is prohibited.