30-Jul-2014 11:08
EURO-DOLLAR TECHS: $1.3390-$1.3372 Remains Favoured Target Zone
*RES 4: $1.3507/13 Jun 5, Jun 12 lows, now resistance
*RES 3: $1.3484 Jul 24 high
*RES 2: $1.3443 July 28 & Jul 29 highs
*RES 1: $1.3425/35 Hourly resistance
*PRICE: $1.3403 @0901GMT
*SUP 1: $1.3390 1.618 swing of $1.3507-$1.3697
*SUP 2: $1.3372 50% Fibo of $1.2754-$1.3989
*SUP 3: $1.3330 1% volatility band
*SUP 4: $1.3303 Nov 7 low
*COMMENTARY* Edging closer to a test into the favoured $1.3390-$1.3372 target
area, this perhaps before the chance is seen for some kind of near term
recovery. This represents the 1.618 swing target of the June recovery as well as
a 50% Fibo retrace of the Apr 2013-May 2014 rise. Resistance now from
$1.3425-$1.3443, above here needed before upside interest will appear. Directly
below $1.3372 and the next target of note is the Nov 7 low at $1.3303.
30-Jul-2014 11:09
CABLE TECHS: $1.6875-$1.6883 The Next Likely Target Area
*RES 4: $1.7039 Jul 18 low, now resistance
*RES 3: $1.7017 12 day falling resistance line
*RES 2: $1.6999 Jul 28 high
*RES 1: $1.6970/80 Hourly resistance
*PRICE: $1.6933 @0902GMT
*SUP 1: $1.6905/15 Hourly support
*SUP 2: $1.6883 61.8% Fibo of $1.6696-$1.7186
*SUP 3: $1.6875 5 month channel base
*SUP 4: $1.6849 1% volatility band
*COMMENTARY: Failure to move above $1.7001 on Tuesday, coupled with the loss of
the 3 day channel base, the catalyst behind the latest fall. Some intraday
support evident from $1.6905-$1.6915 but the likely target area of this decline
is currently situated between $1.6883-$1.6875. A combination of a Fibo retrace
and the 5 month channel base. Resistance $1.6970-$1.6980 but likely needing a
lift above the falling resistance line at $1.7017, to be of note.
30-Jul-2014 11:10
DOLLAR-YEN TECHS: Likely To Find Resistance Between Y101.21-Y102.41
*RES 4: Y102.79 Jun 4 high
*RES 3: Y102.68 1% volatility band
*RES 2: Y102.41 2014 falling resistance line
*RES 1: Y102.26/30 Jul 3 & Jun 18 highs
*PRICE: Y102.23 @0903GMT
*SUP 1: Y101.75/80 Hourly support
*SUP 2: Y101.33 Jul 23 low
*SUP 3: Y101.09 Jul 10 low
*SUP 4: Y100.85/89 May 21 low, 2014 support line
*COMMENTARY: Have finally surmounted the Fibo retrace level at Y101.98 but again
today is likely to find decent resistance from between Y102.21-Y102.41. The
former being the 1.618 swing target of the Y101.79-Y101.11 fall seen in the
middle of this month. The latter the falling resistance line from the years
Y105.44 high. Support moves up to Y101.75-Y101.80. Back below here would break
the recent uptrend and suggest a dip back towards Y101.33.
30-Jul-2014 11:11
EURO-YEN TECHS: Y137.24-Y137.33 The Barrier To Watch Today
*RES 4: Y137.94 Jun 26 low, now resistance
*RES 3: Y137.53 Jul 10 low
*RES 2: Y137.24/33 Jul 25 & Jul 22 highs
*RES 1: Y137.10 Hourly resistance
*PRICE: Y137.00 @0904GMT
*SUP 1: Y136.55/65 Hourly support
*SUP 2: Y136.28/38 Feb 4 & Jul 24 lows
*SUP 3: Y135.76 5 month channel base
*SUP 4: Y135.51 1% volatility band
*COMMENTARY: Need a move above Y137.24-Y137.33 today before any fresh upside
interest can develop and give us a higher correction of losses sustained since
the Jul 3 high at Y139.27. While capped into this region, then the primary focus
will remain on a better test to the years previous low at Y136.28 and
potentially the 5 month bear channel base at Y135.76 by time today.
30-Jul-2014 11:12
EURO-STERLING TECHS: Loss Of Stg0.7905-06 Would Delay Recovery Hopes
*RES 4: Stg0.7990 1% volatility band
*RES 3: Stg0.7978/82 5 mth res line/Jul 14,15 highs
*RES 2: Stg0.7955 Hourly pivot
*RES 1: Stg0.7938 Jul 24 high
*PRICE: Stg0.7914 @0905GMT
*SUP 1: Stg0.7905/06 Jul 28 & Jul 25 lows
*SUP 2: Stg0.7892 Jul 24 low
*SUP 3: Stg0.7875 Jul 23 low
*SUP 4: Stg0.7848 11 month channel base projection
*COMMENTARY: Near term support from Stg0.7905-06 still surviving and while
intact can provide the basis for a bounce toward last weeks Stg0.7938 high.
While below here however, the risk is for a deeper Stg0.7890-92 fall. Back
beneath here would open the door to Stg0.7875 again and perhaps the channel base
at Stg0.7848 today. Above Stg0.7938 and still have Stg0.7955 in the way of more
important resistance from Stg0.7978-82.
30-Jul-2014 11:16
GOLD TECHS: $1294.2 The Pivotal Support Level Today
*RES 4: $1318.2 Jul 21 high
*RES 3: $1315.9 76.4% Fibo of $1324.3-$1288.8
*RES 2: $1311.8 Jul 29 high
*RES 1: $1308.2 Hourly resistance
*PRICE: $1298.8 @0908GMT
*SUP 1: $1294.2 Initial recovery highs Jul 24
*SUP 2: $1288.8 Jul 24 low
*SUP 3: $1280.6 61.8% Fibo of $1241.3-$1344.3
*SUP 4: $1273.2 1.618 swing of $1292.7-$1324.3 rise
*COMMENTARY: Disappointing follow through on the move above $1310.7 on Tuesday.
The rally falling short of a test to the next potential barrier at $1315.9. Now
looking to the reaction from near term support at $1294.2 for next clues. A hold
into here and scope for another move higher. Loss however, would open the way
for another look at $1288.8 and brings with it the risk for a deeper
$1280.6-$1273.2 fall.
