27-Mar-2014 11:20
EURO-DOLLAR TECHS: $1.3752 Break Opens Up $1.3720-$1.3700 next
*RES 4: $1.3882/4 11 day falling res, Mar 18 low
*RES 3: $1.3867 Mar 24 high
*RES 2: $1.3843/6 Hourly recovery highs
*RES 1: $1.3795 Hourly resistance
*PRICE: $1.3747 @1018GMT
*SUP 1: $1.3720 76.4% Fibo of $1.3644-$1.3965
*SUP 2: $1.3700 1% volatility band
*SUP 3: $1.3681 1.618 swing of $1.3752-$1.3867 rise
*SUP 4: $1.3665 61.8% Fibo of $1.3480-$1.3965
*COMMENTARY: Support from $1.3752-$1.3757 has been lost this morning and should
pave the way for a deeper decline, with $1.3720-$1.3700 next. This then
protecting against a further $1.3681-$1.3665 fall, as the correction of the rise
from the early February low at $1.3479 continues to unwind. Back above $1.3795
would provide breathing space but through $1.3846 would be more significant and
focus attention on key $1.3882-84 resistance.
27-Mar-2014 11:33
CABLE TECHS: Resistance From $1.6665 To Provide Next Clues
*RES 4: $1.6729 1% volatility band
*RES 3: $1.6714 Mar 13 high
*RES 2: $1.6684 61.8% Fibo of $1.6820-$1.6465
*RES 1: $1.6665 Mar 17 high
*PRICE: $1.6618 @1032GMT
*SUP 1: $1.6585/95 Hourly support
*SUP 2: $1.6556 Intraday low
*SUP 3: $1.6512 Mar 21 low
*SUP 4: $1.6491 4 month rising support line
*COMMENTARY: The rally off the 4 month rising support line has continued, with
today's rally looking to test into the old Mar 17 high at $1.6665 next. Whether
we have the strength, at this stage, to continue on higher, towards
$1.6684-$1.6714 is debatable. In the interim, support comes initially from
$1.6585-$1.6595, with the intraday low at $1.6556 seen as more significant
below. Below here would take the steam out of this bounce.
27-Mar-2014 11:35
DOLLAR-YEN TECHS: Near Term Consolidation Continues
*RES 4: Y102.78 61.8% Fibo of Y103.74-Y101.22
*RES 3: Y102.64 Mar 19, Mar 24 highs
*RES 2: Y102.47 Mar 25 high
*RES 1: Y102.30 Hourly resistance
*PRICE: Y102.17 @1035GMT
*SUP 1: Y101.76 61.8% Fibo of Y101.22-Y102.64
*SUP 2: Y101.58 76.4% Fibo of Y101.22-Y102.64
*SUP 3: Y101.36 2 month rising support line
*SUP 4: Y101.21/2 Mar 3, Mar 14 lows
*COMMENTARY: Still within the recent congestion range but today's earlier
pullback found support from the 61.8% Fibo level at Y101.76. Subsequent rise
will need to recover Y102.30-Y102.47, before further strength is likely to be
seen and for a challenge to the more important Y102.64-Y102.78 resistance area.
Below Y101.76 would open up Y101.58-Y101.36, the latter the 2 month rising
support line. Beneath here and key Y101.21/22 at risk again.
27-Mar-2014 11:37
EURO-YEN TECHS: Y140.25 Reaction Is Key To Intraday Direction
*RES 4: Y142.26 Mar 12 low
*RES 3: Y141.95 Mar 18 high
*RES 2: Y141.52 Hourly resistance
*RES 1: Y141.07 Hourly basing area Mar 26
*PRICE: Y140.54 @1037GMT
*SUP 1: Y140.25 Hourly support
*SUP 2: Y139.98 76.4% Fibo of Y138.81-Y143.77
*SUP 3: Y139.78 1% volatility band
*SUP 4: Y139.54 1.618 swing of Y140.46-Y141.95 rise
*COMMENTARY: Looking to support from the Y140.25 area now to provide initial
clues today. The earlier loss of Y140.46 was a potentially bearish signal but
needs to be confirmed by loss of Y140.25. Require a move back above Y141.07 to
take the sting out of this decline but further move through Y141.52 is needed to
swing intraday momentum back higher again. Loss of Y140.25 would suggest levels
between Y139.98-Y139.54 are on the way.
27-Mar-2014 11:39
EURO-STERLING TECHS: Can Find Support Between Stg0.8271-Stg0.8262
*RES 4: Stg0.8366 Mar 25 high
*RES 3: Stg0.8339 Mar 25 low, now resistance
*RES 2: Stg0.8330 Mar 13, Mar 20 & Mar 25 lows
*RES 1: Stg0.8311/12 Hourly resistance
*PRICE: Stg0.8273 @1039GMT
*SUP 1: Stg0.8271 61.8% Fibo of Stg0.8192-Stg0.8400
*SUP 2: Stg0.8267 Feb 28 high
*SUP 3: Stg0.8262 Six week rising support line
*SUP 4: Stg0.8241 76.4% Fibo of Stg0.8192-Stg0.8400
*COMMENTARY: This week's fall is nearing decent support seen from the
Stg0.8271-Stg0.8262 area and this can slow the descent today. While this area
holds, there will be scope to see some correction of recent losses from
Stg0.8400-Stg0.8393. Look to Stg0.8311-12 for initial resistance, with
Stg0.8330-Stg0.8366 possible on a move higher. Below Stg0.8262 and not much seen
until Stg0.8241.
27-Mar-2014 11:41
GOLD TECHS: Looking To Test Fibo Support At $1288.5
*RES 4: $1342.4 Mar 21 high
*RES 3: $1321.0 Mar 20 low, now resistance
*RES 2: $1316.9 Mar 25 high
*RES 1: $1306.5 Mar 25 low, now resistance
*PRICE: $1295.4 @1041GMT
*SUP 1: $1288.5 50% Fibo of $1185.2-$1391.8
*SUP 2: $1278.2 Jan 24 high, now support
*SUP 3: $1272.8 Feb 5 high, now support
*SUP 4: $1271.6 Equality fall target from $1342.4
*COMMENTARY: Wednesday's loss of support at $1306.5 has been the catalyst for
the latest fall which looks to test support from the 50% Fibo level at $1288.5.
In the meantime, look to $1306.5 again but this time for initial resistance.
Back above here would signal some intraday relief and allow a higher correction,
with $1316.9-$1321.0 then the likely recovery area. Break below $1288.5 and
levels between $1278.2-$1264.1 come into view.
