FXHFT - Daily Market Analysis

NZDUSD Weekly

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The selling pressure is likely to pick up on the downside in the Kiwi with the double bottom and 38.2 fib giving way last week. The next major support level is not until the 50 fib that comes in at 0.68640, looking forward selling rallies will be the best play in my opinion.

NZDUSD H1

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The smart money has been seen selling every 1:1 (Purple) in the recent leg lower after the AB=CD (Yellow) attracted strong selling interest at 0.78850.

NZDUSD M5

http://www.forextell.com/wp-content/...U5-300x145.png

The intraday resistance level to keep a close eye on is the 1:1 (Yellow) at 0.72270. This level will likely attract some selling interest if it is reached, it will be best to keep stops tight when selling any rally with the market already trading outside of its daily average range.

* A 1:1 refers to a current correction being equal in length to a prior correction

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USDIndex Monthly

http://www.forextell.com/wp-content/...XM-300x149.png

The Dollar index has so far found some decent selling with the market off over 100 pips since testing the major 50 fib at 95.85. With the USD heavily overbought across the board could this be the time to short the dollar for an overdue correction. If the dollar however takes out the 50 fib it will be all bets off with nothing but blue sky's till 101.750.

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GBPUSD H4

http://media.forextell.com/wp-conten...U4-300x145.png

Cable has now formed what looks to be a significant bottom with the market taking out the neck line (Yellow) on the head and shoulders pattern during yesterdays trading session. There is still the important 1:1 (Green) to be mindful of, this technical resistance could attract solid selling from the bears but a break above this level will see short covering pick up and the bulls back in control of this market.

GBPUSD M15

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Buying intraday dips going forward will be the best play in my opinion, with the 1:1 (Blue) that coincides with the 50 and 23.6 fibs at 1.52550/600 the level that the smart money will be looking to enter this market. However this could all change with the NFP out later today for the US.

USD INDEX

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The 50 fib at 95.80 in the USD INDEX is the reason for the recent turn in global currencies. I mentioned this important resistance level earlier in the week http://forexhft.com/dollar-index-tes...-fib-at-95-80/

* A 1:1 refers to a current correction being equal in length to a prior correction

ABOUT REECE MARINI

Reece Marini is an FX trader and Director of the http://forexhft.com an instant Forex rebate and Signal provider, subscribe now to our daily market reports you can do so here its FREE

Trade idea: Sell Aussie at 0.76900

AUDUSD H4

http://forexhft.com/wp-content/uploads/2015/02/AU4.png

The Aussie has continued to sell off since the bears were seen selling into the 1:1 (Light blue) and 38.2 fib at 0.78750/800, momentum has picked up on the
downside today with the Employment Change and Unemployment Rate missing expectations.

AUDUSD M15
http://forexhft.com/wp-content/uploads/2015/02/AU15.png

I will be looking to sell into strength on the 1:1 (Light blue) and 23.6 fib at 0.76900 with a tight stop at 0.77050. My first target will be the days low at 0.76430, if momentum picks up on the break of this low I will look to target 0.75000.

* A 1:1 refers to a current correction being equal in length to a prior correction

ABOUT REECE MARINI

Reece Marini is an FX trader and Director of the http://forexhft.com an instant Forex rebate and Signal provider, if you would like to subscribe to our daily reports you can do so here its FREE

this is looking so interested to me.


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Hi raselnet,

Glad you are enjoying the technical analysis that we are offering here.

The Aussie did initially sell off 25 pips which was close to 2 to 1 in our favor, however the market in the end did take out this technical resistance level.

There will be plenty more trade ideas to come so keep an eye on this space.

Cable: 1.52200/250 make or break for the bears

GBPUSD Daily

http://forexhft.com/wp-content/uploads/2015/02/GUD.png

I mentioned earlier in the week that the bears that sold against the trend line (Pink) would be getting worried with the lack of follow through on the downside, you can view this article here. The bulls took full advantage of these weak shorts during yesterdays trading session taking out a number of stops above the trend line.

The level to watch now is the 1:1 (Green) that comes in at 1.54200/250, the market has already been seen selling coming into this major resistance level which is now the make or break level for the bears.

If the bears fail to push the market lower at this level the current short covering rally is likely to pick up steam with the next resistance level 100 odd pips above the 1:1 (Green).

* A 1:1 refers to a current correction being equal in length to a prior correction

ABOUT REECE MARINI

Reece Marini is an FX trader and Director of the http://forexhft.com an instant Forex rebate and Signal provider, if you would like to subscribe to our daily reports you can do so here its FREE

Cable seeing decent selling at 1.54200/250

GBPUSD Daily

http://forexhft.com/wp-content/uploads/2015/02/GUD1.png

I mentioned last week on a number of occasions the importance of the 1:1 (Green) at 1.54200/250, you can view the analysis here. As long as the bears can continue to keep the market below the 1:1 (Green) a further correction is likely to take place.

* A 1:1 refers to a current correction being equal in length to a prior correction

ABOUT REECE MARINI

Reece Marini is an FX trader and Director of the http://forexhft.com an instant Forex rebate and Signal provider, if you would like to subscribe to our daily reports you can do so here its FREE

I like analysis report as it is very important to start trading thatnks for starting the nice topics.


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GOLD: Bears looking to target stops below 1216.50

GOLD H4

http://forexhft.com/wp-content/uploads/2015/02/G4.png

Medium term bears are looking to target a large number of stops that are likely sitting just below the 50 fib at 1216.50, this support level has seen some buying over the last several days but the market is looking heavy and I would expect this level to be taken out in the coming sessions.

GOLD M5

http://forexhft.com/wp-content/uploads/2015/02/G5.png

I will be looking to sell into any strength if the 1:1 – 38.2 (Light blue) at 1224.25 or 1:1 -38.2 (Yellow) at 1225.70 show any sign of weakness.

* A 1:1 refers to a current correction being equal in length to a prior correction

ABOUT REECE MARINI

Reece Marini is an FX trader and Director of the http://forexhft.com an instant Forex rebate and Signal provider, if you would like to subscribe to our daily reports you can do so here its FREE

GOLD: Smart money selling into 1224.00/25 resistance

GOLD M5

http://forexhft.com/wp-content/uploads/2015/02/G51.png

The 1:1 (Light blue) and 38.2 fib that coincided at 1224.00 that I had mentioned in my previous post, has attracted solid selling from intraday players. Some profit taking is being seen now with the failure so far to take out the daily lows.

* A 1:1 refers to a current correction being equal in length to a prior correction

ABOUT REECE MARINI

Reece Marini is an FX trader and Director of the http://forexhft.com an instant Forex rebate and Signal provider, if you would like to subscribe to our daily reports you can do so here its FREE

Intraday players selling GOLD, see why?

GOLD H4

http://forexhft.com/wp-content/uploads/2015/02/G41.png

I mentioned yesterday that there were likely a large number of stops sitting just below the 50 Fib at 1216.50, see here. These stops were taken out during the NY session with the market falling 100 ticks before profit taking kicked in, the next support level to keep a close eye on is the 61.8 fib at 1198.86.

GOLD M15

http://forexhft.com/wp-content/uploads/2015/02/G15.png

Intraday players continue to sell against the 1:1 (Blue) at 1210.30 as long as the market stays below this level look for the overnight low to be tested in the coming sessions. However a break above this level will see some sharp short covering take place.

* A 1:1 refers to a current correction being equal in length to a prior correction

ABOUT REECE MARINI

Reece Marini is an FX trader and Director of the http://forexhft.com an instant Forex rebate and Signal provider, if you would like to subscribe to our daily reports you can do so here its FREE

THE PERFECT TRADE

GOLD M15

http://forexhft.com/wp-content/uploads/2015/02/G151.png

Above is a chart of gold that I posted yesterday mentioning the significance of the 1:1 (Blue) at 1210.25. The market traded in a tight range for several hours before breaking to the downside and taking out a number of stop below the 1203.75 low. view yesterdays post here.

GOLD M15

http://forexhft.com/wp-content/uploads/2015/02/G15a.png

The chart above outlines the 80 tick move in gold as the bears sold aggressively into 1:1 (Blue).

* A 1:1 refers to a current correction being equal in length to a prior correction

ABOUT REECE MARINI

Reece Marini is an FX trader and Director of the http://forexhft.com an instant Forex rebate and Signal provider, if you would like to subscribe to our daily reports you can do so here its FREE

GOLD H4

http://forexhft.com/wp-content/uploads/2015/02/G42.png

Gold has been trading heavily over the last several weeks even after initially finding solid buying interest on the 61.8 Fib at 1198.86. Gold has now taken out a large number of stops below the 61.8 in thin trading conditions.

GOLD H1

http://forexhft.com/wp-content/uploads/2015/02/G1.png

As you can see from the chart above the smart money have been selling every chance they got on the 1:1 (Pink) rallies.

GOLD M15


http://forexhft.com/wp-content/uploads/2015/02/G152.png

Selling rallies going forward is the best play in my opinion with the next level to keep a close eye on the 1:1 (Yellow) and 50 Fib that coincide at 1197.40/75, this level will likely attract solid selling from the bears looking to target large stops below 1131.60.

* A 1:1 refers to a current correction being equal in length to a prior correction

ABOUT REECE MARINI

Reece Marini is an FX trader and Director of the http://forexhft.com an instant Forex rebate and Signal provider, if you would like to subscribe to our daily reports you can do so here its FREE

Cable: Bulls looking to put the bears to bed

GBPUSD Daily

http://forexhft.com/wp-content/uploads/2015/02/GUD2.png

The 1:1 (Green) and 23.6 fib that coincide at 1.54250/750 still remains the level of most importance in Cable. As long as the market stays below this level the bears remain in control, however a solid break and solid close above 1.54800 will see the bulls take full control of this market.

GBPUSD H4

http://forexhft.com/wp-content/uploads/2015/02/GU41.png

Even with the solid selling against the 1:1 (Green) and 23.6 Fib the bulls continue to pick up Cable on dips. The most recent 1:1 (Purple) dip has attracted solid buying interest with the target now being large stops sitting just above 1.54800 level.

If this level is taken out the best play in my opinion will be buying dips with not much in the way until 1.58000/050.

* A 1:1 refers to a current correction being equal in length to a prior correction

ABOUT REECE MARINI

Reece Marini is an FX trader and Director of the http://forexhft.com an instant Forex rebate and Signal provider, if you would like to subscribe to our daily reports you can do so here its FREE

Cable: Bulls take back control

GBPUSD H4

http://forexhft.com/wp-content/uploads/2015/02/GU42.png

I mentioned yesterday that the bulls were likely targeting stops above the 1:1 (Green) and 23.6 Fib at 1.54800, these stops have now been cleared in early London trade.

Buying intraday dips now looks to be the best play in my opinion with not much in the way until 1.58000.

* A 1:1 refers to a current correction being equal in length to a prior correction

ABOUT REECE MARINI

Reece Marini is an FX trader and Director of the http://forexhft.com an instant Forex rebate and Signal provider, if you would like to subscribe to our daily reports you can do so here its FREE

Bears return sending Aussie lower, find out why?

AUDUSD H4

http://forexhft.com/wp-content/uploads/2015/02/AU41.png

The Aussie has ran into solid selling interest on the 1:1 (Light blue) and 38.2 fib that coincided at 0.79000. The market is now re testing the triangle (Yellow), if this level gives way look for the momentum on the downside to pick up, however if this level can attract solid buying interest the stops sitting above the 1:1 (light blue) will be targeted.

AUDUSD M15

http://forexhft.com/wp-content/uploa...5/02/AU151.png

There were a number of stops cleared in early Asian traded below the 1:1 (White) at 0.78680 on the back of the worse than expected Private Capital Expenditure q/q which cam in at - 2.2% vs -1.7%.

The market than found support on the retest of the broken triangle (Yellow) at 0.78400, but the bears have not given up yet with the 1:1 (Blue) and 38.2 Fib attracting solid selling interest from the intraday players.

Look for stops to be targeted below the retested triangle (Yellow) if the bears can keep the market below the 1:1 (Blue) high.

* A 1:1 refers to a current correction being equal in length to a prior correction

ABOUT REECE MARINI

Reece Marini is an FX trader and Director of the http://forexhft.com an instant Forex rebate and Signal provider, if you would like to subscribe to our daily reports you can do so here its FREE

Bulls still buying dips in Cable

GBPUSD Daily

http://forexhft.com/wp-content/uploads/2015/02/GUD3.png

Cable saw heavy selling overnight on the 38.2 fib at 1.55500, this level could be seen as the wave 4 in this recent bear trend. However the 1:1 (Green) has been overbalanced and this is a strong indication that the current down trend has changed.

The 38.2 Fib is now the level of most importance in Cable.

GBPUSD H1

http://forexhft.com/wp-content/uploads/2015/02/GU1.png

The bulls are still buying dips in Cable with the 1:1 (Purple) at 1.53940 attracting solid buying interest in late NY after the heavy sell off, the stochastic was also in oversold territory at the time adding weight to the support level.

If this 1:1 (Purple) breaks the bears will take back control of this market.

* A 1:1 refers to a current correction being equal in length to a prior correction

ABOUT REECE MARINI

Reece Marini is an FX trader and Director of the http://forexhft.com an instant Forex rebate and Signal provider, if you would like to subscribe to our daily reports you can do so here its FREE

I really like this market commentary thanks guys!

Hi trade4eva,

Glad you are enjoying what we are offering here.

If you have any questions regarding the analysis or any of our services please don't hesitate to ask.

Kind regards,

FXHFT