DAILY TECHNICAL US Dow Jones Index / US30Cash (DAILY CHART) System price target 15,660.00 Thursday, January 30, 2014 S1=15,660.00 Support R1=16,564.00 R2=16,048.00 ADX Signal Comment: Short positions for the US Dow Jones Index. The price is approaching a solid horizontal support and because of that we expect a rebound from the zone around 15660 are bearish. The system supports short positions for the daily chart traders. LONG SHORT NO POSITIONS CLOSE HOLD GO SHORT Take Profit 15,795.00 15,660.00 15,660.00 Stop Loss 15,795.00 15,905.00 15,905.00
DAILY TECHNICAL US Dow Jones Index / US30Cash (WEEKLY CHART) Thursday, January 30, 2014 ADX On the Weekly chart is more clear that the support of 15,660.00 is very important (red line), because it has tested before a lot of times. We do not expect a trend reverse as the bias would continue to be bearish but it is obvious that the support would not be broken from the first push. A surprise would be if the price rebounds does a strong rebound and bulls take the lead once again. Last but not least today's FOMC release would have a great impact over the markets.
DAILY TECHNICAL EUR/USD (daily chart) System price target 1.38900 Thursday, January 30, 2014 S1=1.35059 Support R1=1.37409 R2=1.38920 ADX - - Signal Comment: Long positions for the EURUSD currency. The pair is trading in a bullish channel. In case the quotes break below 1.3500, the scenario changes and we would expect further declines. The system supports long position for the daily chart traders. LONG SHORT NO POSITIONS HOLD CLOSE GO LONG Take Profit 1.38900 1.36262 1.38900 Stop Loss 1.35000 1.36262 1.35000
DAILY TECHNICAL XAUUSD / GOLD (daily chart) System price target 1,191.500 Thursday, January 30, 2014 S1=1,231.631 S2=1,186.642 Support R1=1,279.554 ADX < 25.00 - Signal Comment: Short positions for the XAUUSD. The price is still trading below the down trend line. Technically we are short until we see a breakout of this. The system supports short position for the daily chart traders. LONG SHORT NO POSITIONS CLOSE HOLD GO SHORT Take Profit 1,258.520 1,191.500 1,191.500 Stop Loss 1,258.520 1,294.649 1,294.649
DAILY TECHNICAL CRUDE OIL / WTICrude (daily chart) Entry Level 98.00 / System price target 100.74 Thursday, January 30, 2014 S1=91.26 Support R1=100.74 ADX - Signal Comment: Long positions for the Crude Oil with an entry of 98.00. The system supports long position for the daily chart traders. LONG SHORT NO POSITIONS HOLD CLOSE GO LONG at 98.00 Take Profit 100.74 97.35 100.74 Stop Loss 95.00 97.35 95.00
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