Forex Market ¨Technical Report of The Week Ahead¨

Technical Report For The Week From January 25 to January 30, 2015

More Free Valuable Info, Trading Systems and Tools @ http://forexsolutions.tk/

Proudly Supported by:

XM/MT4 EUR/USD Daily Chart

 

 The pair is still pushing down after a 142 day short trend that doesn´t show a single weakness point but the reversal movement of last week, the pair probably continue the down movements, specially after the greece news of the last week, if the pair proceed with the bearish movement it probably find a support level @1.0948 but in the mid time we must go short without hesitation because in the short term there is no possible scenario for a reversal of the trend direction.

These are the most important support and Resistance levels for this week:

Support 1 @1.0948 (2003)

Resistance 1 @1.1598 (Jan, 2015)

Resistance 2 @1.2472 (Dec, 2014)

XM/MT4 GBP/USD Daily Chart

 

Another extremely bearish scenario is what we can appreciate in the XM daily chart, 139 days long and doesn´t seem to stop here, ou contraire, looks like the price is actually looking for a target @1.4499 of 2010, we recommend to go short but taking the necessary money management rules for avoiding surprices from the market movements.

These are the most important support and Resistance levels for this week:

Support 1 @1.4499 (2010)

Resistance 1 @1.5246 (Jan, 2015)

Resistance 2 @1.5575 (December, 2014)

XM/MT4 USD/CHF Daily Chart

 

After a massive bearish movement on January 15th the market just erase the +100 day of the USD earnings, at this hour the price is about to recover 50% of the movement but the verticality doesn´t help so much, we must be aware of any change of the direction and avoid operating under these conditions.

These are the most important support and Resistance levels for this week:

Support 1 @0.8371 (Jan, 2015)

Resistance 1 @0.9012 Jan, (2015)

XM/MT4 USD/JPY Daily Chart

 

 There is a pretty possitive scenario for the US dollar against the Japanesse Yen, currently under something that can be the beggining of a reversal pattern, we can observe that the price has not been able to go farder than 121.32 and after that it couldn´t get back to the earning zone, at this scenario or at any ccurrent onditions we recommend to be aware of the price movement and covering our positions at any change of direction of the market.

These are the most important support and Resistance levels for this week:

Support 1 @116.10 (December, 2014)

Resistance 1 @120.53 (December, 2014)

Resistance 2 @121.56 (December, 2014)

We hope this weekly report help you to determine the most important reversal and continuation levels during the week, this data is not 100% accurate as the speculative system is, these numbers are a reference and definitely not represent a secure trading signal service, make sure to use your own trading system in parallel with the attached report to determine your own entry points.

Forex Trading can be a great source of income but is also a high risk business, make sure to complete your training in demo before start trading with a real Forex account and make sure that the money you invest comes from a secure source, we always recommend to avoid trading with money that you cannot  afford to lose.

forex divisas trading dinero mercado economia dinero rapido donde invertir