1. Ingeniería

28/01/2015
Trade Pattern Ideas
Wednesday, January 28, 2015
08:30 GMT
USD/ZAR 4H Chart: Channel Down
Comment: USD/ZAR has recently
proven there is a dense supply area
between 11.75 and 11.80 the pair is
currently unable to penetrate. As a
result, the US Dollar has been in a
down-trend since the mid-December,
and the currency is likely to continue
to weaken, given that the bearish
channel has been formed. However,
right now USD/ZAR is undergoing an
upward correction that has a good
chance of extending through the
immediate resistance at 11.59,
represented by the 200-period SMA,
towards the falling trend-line at
11.70. Subsequently, the bears should
regain control of the market and push
the price back to the lower boundary
of the pattern at 11.35.
Level
Resistance 4
Resistance 3
Resistance 2
Resistance 1
Support 1
Support 2
Support 3
Support 4
11.7807
11.6917
11.6241
11.5914
11.4937
11.4580
11.3631
11.2972
Rationale
Jan 6 high
Jan 20 high; down-trend
Weekly R1
200-period SMA
Weekly PP
Monthly PP
Jan 22 low; down-trend
Weekly S1
Indicator/Period
MACD (12; 26; 9)
RSI (14)
Stochastic (5; 3)
ADX (14)
CCI (14)
AROON (14)
Alligator (13; 8; 5)
SAR (0.02; 0.2)
4H
Buy
Neutral
Neutral
Buy
Sell
Buy
Neutral
Buy
Dukascopy Bank SA, Route de Pre-Bois 20, International Center Cointrin, Entrance H, 1215 Geneva 15, Switzerland tel: +41 (0) 22 799 4888, fax: +41 (0) 22 799 4880
Day
Week
Sell
Neutral
Neutral
Neutral
Neutral
Sell
Neutral
Buy
Sell
Sell
Neutral
Buy
Neutral
Buy
Buy
Buy
[email protected]
Wednesday, January 28, 2015
08:30 GMT
GBP/JPY 4H Chart: Double Bottom
Comment:
A sell-off from 187
encountered a strong demand level at
176, leading to emergence of two
distinct bottoms. Accordingly, there is
an increased probability of a
pronounced rally, though GBP/JPY
must first surpass the Jan 20 high,
which is the neck-line of the pattern.
If this is the case, the first target will
be 182.40, where the monthly S1
level merges with the 200-period
SMA. The second target will be at
186, represented by the monthly PP,
followed by this year’s maximum at
187. At the same time, violation of
the Jan 25 low at 175.80 will
invalidate the bullish scenario and
imply continuation of the Pound’s
depreciation against the Yen.
Level
Resistance 4
Resistance 3
Resistance 2
Resistance 1
Support 1
Support 2
Support 3
Support 4
182.32
181.81
180.27
179.23
177.93
175.77
175.11
174.23
Rationale
Monthly S1; 200-period SMA
Weekly R2
Jan 20 high; neck-line
Weekly R1
Weekly PP; monthly S2
Jan 25 low
Weekly S1
Monthly S3
Indicator/Period
MACD (12; 26; 9)
RSI (14)
Stochastic (5; 3)
ADX (14)
CCI (14)
AROON (14)
Alligator (13; 8; 5)
SAR (0.02; 0.2)
4H
Buy
Sell
Neutral
Neutral
Neutral
Buy
Buy
Buy
Dukascopy Bank SA, Route de Pre-Bois 20, International Center Cointrin, Entrance H, 1215 Geneva 15, Switzerland tel: +41 (0) 22 799 4888, fax: +41 (0) 22 799 4880
Day
Week
Buy
Neutral
Neutral
Neutral
Neutral
Sell
Sell
Sell
Sell
Neutral
Buy
Neutral
Neutral
Buy
Buy
Sell
[email protected]
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