Weekly Market Brief - by Trade View Investments

Trade View Investments

Trade View Investments Representative
Messages
0
Trade View Investments is an Algorithmic Proprietary Trading Firm based in Melbourne, Australia.

www.tradeview.com.au

WEEKLY MARKET BRIEF - 06th July 2015

This market brief is an overview of the week ahead and some of the events we see as being important to the markets.
Please be aware that our views may change throughout the course of the week, and we do not publish updates of such changes.

We may take multiple trades throughout the week and discuss in our LIVE CHAT ROOM

Trade View has entered the weekend Net Long.


FOREX

AUD.USD – 7505 ( - 149 or - 1.95% )

And …. we have a break…… down. As mentioned previously if a break occurs it would be a strong move. The AUDUSD reached a low of 7503 which was only 5 points higher than our range target level of 7498. (This is a perfect example of when we say ‘Long down bar break’)

For the upmove to restart we would like to see a strong move back up again early in the week reaching 7635 before moving towards 7718 again. If the upward momentum maintains then 7778 could be seen.

For the downside move to continue a strong break past 7498 is need early in the week before reaching 7407. Once this level is broken we could see the AUD near 7263.

EUR.USD – 11114 ( - 49 or - 0.44% )

Last week we said “Expect the unexpected this week with the EUR pairs.” and we did not have to wait long as we saw a 158 point GAP followed by a 324 point range day, all on Monday. Who said trading on Monday wasn't exciting?

If the EUR is to move back up again we would like to see a solid break past 11166 before pushing back past 11315 and finally reaching 11396 again. We will then like to see a strong long up bar break through this level if we are going to reach 11471.

If the downside move plays out then a clean break past 11038 will see the EUR back down near 10941 and 10899. If these levels are broken with a long down bar then 10780 could be seen quickly and possibly extending to 10590.

GBP.USD – 15564 ( - 181 or - 1.15% )

The GBP continued to fall away last week not being able to break back up above our FICM level of 15744.

For the GBP to restart its run higher we would like to see early breaks past 15591 and 15644 before another attempt at reaching and breaking through 15744 is made. Once this occurs then 15744 must become a solid level of support before the GBP can reach 15834 and potentially extend towards 16030.

For the down move to continue we would like to see 15549 broken early with a long down bar reaching another one of our FICM levels of 15458. For the downside move to continue then this level needs to broken with a long down bar as well. If this is achieved then 15366 could be seen.

USD.JPY – 12274 ( - 114 or - 0.92% )

Last week was a confusing one for this pair as one day everything is fine with the US and Interest rate rises are on the cards (so it wants to go up) the next day the world is going to end because Greece might leave the Euro (so traders flock to safety in the Yen [which is a doomed currency itself]).
All I can say is “get ready for another CHF style debacle”.

For the USD to continue its longer term rally we need to see a strong up bar break through the area between 12324 - 46 before reaching 12403. if the momentum continues strong then 12464 could be seen.

For this pair to move back down we need to see a strong move past 12225 before reaching 12184. Once this is broken then 12151 could be reached which would actually complete the downside range wset back in March 2015.

COMMODITIES

GOLD – 1168 ( - 7 or - 0.60% )

“People just don't love GOLD anymore” The world is fine and there is no chance of inflation
Our comments remain the same

For the upward move to continue we would like to see an early break past 1177 - 80 before pushing back towards 1192 and possibly 1208.

For the down move to restart and continue the area between 1180 - 78 needs to become a solid level of resistance before GOLD reaches 1167 and finally 1161 again. If we see continued downward momentum then 1149 will not be far away.


AUSTRALASIA

ASX – 5527 ( - 32 or - 0.58% )

The ASX gapped down heavy early in the week, then we saw a strong rally back up to fill the Gap. Friday came and Greece worries surfaced as trades decided to reduce exposure over the weekend and the ASX closed slightly lower.

For the upmove to restart we need to see 5541 broken early in the week reaching 5595. Once this level is broken then we would like to see a strong long up bar break and close above 5636 before pushing towards 5715 and then 5754. Once these levels are broken we could see the ASX reach 5789 which would complete the range.

If the ASX finds it difficult to break back above 5541 then the downward move could continue if we see an early break past 5505. Once this is broken the ASX will could find support near the area between 5463 - 44 again. If the world markets take a leg down then we could see the ASX extend towards 5367.

EUROPE

DAX – 11116 ( - 416 or - 3.61% )

De-ja Vue:
Another wild ride for the DAX traders last week with a 500+ point GAP down.
The Greek people have now voted and ……………………….
The Greeks will vote today
Expect more Volatility this week. Therefore we will provide some outrages extension both on the long and short side.

For the upmove to restart we would like to see a strong break above 11162. Once this level is broken the DAX will need to close back up above the area between 11227 - 92. This could lead the DAX towards 11373. This will then fill the GAP and could possibly reach 11537 very quickly extending towards 11621. If the Greek situation is sorted expect the DAX near 11868.

If the downside prevails then the levels we will be watching closely (depending on momentum) will be 10939, 10869, 10793, 10683 with a possible extension down towards 10473.

US

S&P – 2074 ( - 30 or - 1.43% )

Like all other markets the S&P Gapped down and then recovered slightly.
Markets need clarity and when the Greek situation is resolved (one way or another) then the true direction will start forming.

If the upward move is to restart we need to see a strong up bar break through 2085 before seeing 2101 again. If the momentum is strong and we continue to see the move higher then as always the two important levels of 2112 and 2126 come back into play.

If the S&P cannot get back above 2100 early this week and fill the GAP then a break back down past the area between 2050 - 46 could see 2033 and 2024 very quickly. If the downside momentum is strong then .2010 will not be far away


DISCLAIMER
The views represented on this website do not contain (and should not be construed as containing) financial advice, recommendations, opinions in relation to acquiring, holding or disposing of a financial product of any kind, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Trade View Investments accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of the above information. Consequently any person acting on it does so entirely at his or her own risk. The research does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.

TRADE VIEW MAY CHANGE THE VIEW PRESENTED AT ANY TIME AND WILL NOT PUBLISH ANY UPDATE TO THAT EFFECT.

This communication must not be reproduced or further distributed.
 

Trade View Investments

Trade View Investments Representative
Messages
0
Trade View Investments is an Algorithmic Proprietary Trading Firm based in Melbourne, Australia.

www.tradeview.com.au

WEEKLY MARKET BRIEF - 13th July 2015

This market brief is an overview of the week ahead and some of the events we see as being important to the markets.

Please be aware that our views may change throughout the course of the week, and we do not publish updates of such changes.

We may take multiple trades throughout the week and discuss in our LIVE CHAT ROOM.
Trade View has entered the weekend Net Long.


FOREX

AUD.USD – 7441 ( - 64 or - 0.85% )

The AUD moved lower again early last week to then settle comfortably between 2 new levels of 7494 and 7407 which were mentioned last week.

For the upmove to restart we would like to see a strong break and close past 7494 before reaching 7635. If the momentum is strong then we could see 7718.

For the downside move to start a new leg down then 7407 needs to be broken pushing down towards 7263. If 7263 is broken this week we will discuss further downside levels on our website

EUR.USD – 11155 ( + 41 or + 0.37% )

Another 100+ point Gap down on Monday last week followed by some movement but not with the same expected Volatility. With all that is going on in Greece the EUR has held up quite well. Lets see how long this lasts?
Again “Who said trading on Monday wasn't exciting?”

If the EUR is to move back up again we would like to see a solid break past 11166 before pushing back past 11315 and finally reaching 11396 again. We will then like to see a strong long up bar break through this level if we are going to reach 11471.

If the downside move plays out then a clean break past 11038 will see the EUR back down near 10941 and 10899. If these levels are broken with a long down bar then 10780 could be seen quickly and possibly extending to 10590.


GBP.USD – 15510 ( - 54 or - 0.35% )

The GBP continued its fall from grace reaching a low of 15330 which was only 36 points below our level of 15366 mentioned last week before rebounding back to 15550.

For the GBP to restart its run higher we would like to see early breaks past 15549 and 15591 before reaching 15644. 15644 will then need to broken with a long up bar before reaching our FICM level of 15744.

For the down move to continue we would like to see another strong break past our FICM level of 15458. This would then need to push the pair back down towards 15366. If 15366 is broken this week we will discuss further downside levels on our website



USD.JPY – 12278 ( + 4 or + 0.03% )

Not much to say other than Volatility, Volatility, Volatility, embrace it as it is here.
The USDJPY has only closed 4 points higher therefore our comments remain the same:
All I can say is “get ready for another CHF style debacle”.

For the USD to continue its longer term rally we need to see a strong up bar break through the area between 12324 - 46 before reaching 12403. if the momentum continues strong then 12464 could be seen.

For this pair to move back down we need to see a strong move past 12225 before reaching 12184. Once this is broken then 12151 could be reached which would actually complete the downside range wset back in March 2015. If the momentum is strong then we could see an overexertion down towards another FICM level of 12064.

COMMODITIES

GOLD – 1163 ( - 5 or - 0.43% )


“People just don't love GOLD anymore” The world is fine and there is no chance of inflation or any other problem Our comments remain the same:

For the upward move to continue we would like to see an early break past 1177 - 80 before pushing back towards 1192 and possibly 1208.

For the down move to restart and continue then 1167 needs to become a solid level of resistance breaks back down past 1161 again. If we see continued downward momentum then 1149 will not be far away. If the range is to be completed then expect 1134 to be seen.


Continued uncertainty in the Global arena has created Volatility in some Indices.
China having a few 10% down days in a row followed by a few 10% up days.


AUSTRALASIA

ASX – 5526 ( - 1 or - 0.02% )


Not much to say other than Volatility, Volatility, Volatility, embrace it as it is here.
The ASX has only closed 1 point lower therefore our comments remain the same:

For the upmove to restart we need to see 5541 broken early in the week reaching 5595. Once this level is broken then we would like to see a strong long up bar break and close above 5636 before pushing towards 5715 and then 5754. Once these levels are broken we could see the ASX reach 5789 which would complete the range.

If the ASX finds it difficult to break back above 5541 then the downward move could continue if we see an early break past 5505. Once this is broken the ASX will could find support near the area between 5463 - 44 again. If the world markets take a leg down then we could see the ASX extend towards 5367.

EUROPE

DAX – 11390 ( + 274 or + 2.46% )


De-ja Vue:
Another wild ride for the DAX traders last week with a 400+ point day.
Greece shows the rest of the world how democracy really works.
Prime Minister says ‘let the people vote’
People Vote ‘NO, to Austerity’
Prime Minister agrees to Austerity
This my friends is how democracy works, if you think otherwise then you are kidding yourself.

For the upmove to continue we would like to see the Gap filled at 11537. Once this occurs 11631 needs to be broken early followed by a strong push towards 11791 with a possible extension to 11868.

If the downside restarts then the levels we will be watching closely (depending on momentum) will be 11292 - 57, 11163, 11080, 10941, 10867. If 10867 is broken this week we will discuss further downside levels on our website.

US

S&P – 2076 ( + 2 or + 0.10% )


Not much to say other than Volatility, Volatility, Volatility, embrace it as it is here.
Actually, 2046 becoming the number to watch.
The S&P has only closed 2 points higher therefore our comments remain the same:

If the upward move is to restart we need to see a strong up bar break through 2085 before seeing 2101 again. If the momentum is strong and we continue to see the move higher then as always the two important levels of 2112 and 2126 come back into play.

If the S&P cannot get back above 2100 early this week and fill the GAP then a break back down past the area between 2050 - 46 could see 2033 and 2024 very quickly. If the downside momentum is strong then 2010 will not be far away.

DISCLAIMER

The views represented on this website do not contain (and should not be construed as containing) financial advice, recommendations, opinions in relation to acquiring, holding or disposing of a financial product of any kind, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Trade View Investments accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of the above information. Consequently any person acting on it does so entirely at his or her own risk. The research does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.

TRADE VIEW MAY CHANGE THE VIEW PRESENTED AT ANY TIME AND WILL NOT PUBLISH ANY UPDATE TO THAT EFFECT.

This communication must not be reproduced or further distributed.
 

Trade View Investments

Trade View Investments Representative
Messages
0
Trade View Investments is an Algorithmic Proprietary Trading Firm based in Melbourne, Australia.

www.tradeview.com.au

Market Brief – Monday 20th July 2015

This market brief is an overview of the week ahead and some of the events we see as being important to the markets.
Please be aware that our views may change throughout the course of the week, and we do not publish updates of such changes.
We may take multiple trades throughout the week and discuss in our LIVE CHAT ROOM.
Trade View has entered the weekend Net Long.


FOREX

AUD.USD – 7371 ( - 70 or – 0.94% )


The AUD is in a bit of a downward spiral atm and with possible rate hikes by the US Fed expect it to continue.
For the upmove to restart we would like to see a strong break and close back above 7407 before reaching 7494. If the momentum is strong then we could see 7635.
For the downside move to continue then an early long down bar could see 7263 followed by 7116 which is now in line with levels back in early 2009.

EUR.USD – 10828 ( - 327 or – 2.93% )

With Greece sorted the EUR can continue on its way down again (for now).
If the EUR is to move back up again we would like to see a solid break and close past 10925 before push back above 110038. If the upward momentum is strong then we could see 11166.
If last weeks downside move is continued then a strong long down bar break past 10780 could start a FREE FALL reaching 10590 first followed by 10452.

GBP.USD – 15603 ( + 93 or + 0.60% )

The GBP found some support last week moving higher after bouncing off our FICM level of 15458 to then settle 93 points higher for the week.
For the GBP to continue this move higher we need to see 15644 broken early with a long up bar reaching our upper FICM level of 15744. Once this is reached it needs to be broken with a long up bar before it can see 15834.
For the down move to restart we would like to see 15549 broken early in the week reaching our lower FICM level of 15458. This level will then need to be broken with a long down bar so that it can reach 15366 again.

USD.JPY – 12406 ( + 128 or + 1.04% )

The USD showed its strength last week pushing higher once again, now moving over 400 points in 2 weeks.
For the USD to continue its longer term rally we need to see a strong up bar break through 12464 before reaching 12558 again and testing the highs of June 2015.
For this pair to move back down we need to see a strong move back past the area 12346-24 before reaching 12275. if this too is broken then we could see 12225.

AUSTRALASIA

ASX – 5666 ( + 140 or + 2.53% )


The ASX gained strong momentum last week breaking higher after a tough few weeks. It reached a high of 5696 which is only a few points from the high of 5708 set in June. This level could test the ASX this week but if broken could become the next level of solid support.
For the upmove to continue we need to see our FICM level of 5636 hold as a strong level of support before an attempt at breaking through the June high of 5708 is made. The 5708 – 18 area would need to be broken with a long up bar reaching 5754. If the momentum continues we could see the ASX near 5789 very quickly.
If the ASX finds it difficult to break above the area between 5708 – 18 and we see a sharp reversal and break below 5636 then the ASX could find itself back at 5595 before you blink. If the downward momentum is strong and 5541 does not provide any support then we could see the area between 5524 – 05 reached before the ASX finds support near 5463 – 44 again.

EUROPE

DAX – 11679 ( + 289 or + 2.54% )


Another strong move higher by the DAX as the Greece scenario is avoided (for now)
As mentioned in our ‘Greece Is The Word’ article, “We believe that despite their huge debt and whether or not Athens will make good on their promise of repayments, Greece will remain part of the European Union.”
For the upmove to continue we would like to see a strong early move past 11791 continuing and closing through both 11843 and 68. Once this occurs this area will need to become a solid level of support before we see a strong push reaching 12015.
If the DAX finds it difficult to break past 11843 and the downside move restarts then a strong long down bar break past 11621 and 11537 could see the DAX back down near 11373 very quickly.

US

S&P – 2125 ( + 49 or + 2.36% )


After a few days bouncing off our FICM level of 2046, POP goes the S&P all the way back above 2112 and reaching a high of 2126 which was our upper level mentioned last week.
If the upward move continues through this week then we would like to see an early move reaching 2137 followed by 2148. Once 2148 is broken we could see the S&P reach the area between 2173 – 80 with a possible extension towards 2191.
If the S&P finds it difficult to stay above 2112 for long then a clear long down bar break will could start a more significant long term down move. First reaching 2101 followed by a break down through the 2085 -76 area.

COMMODITIES

GOLD – 1134 ( – 29 or – 2.49% )


Now that the World is ok again GOLD took another leg down last week, closing at 1134 which was our level mentioned in last weeks brief.
NOTE: GOLD is now at the lows of NOV 2014. We saw a big 40 point reversal bar when this occurred.
For the upward move to restart we would like to see a repeat of the the NOV lows price action which as mentioned was a 40 point reversal bar. If this occurs GOLD will be back near 1177 – 80 area which was a level of support on a number of occasions. If this level is also broken then we could see GOLD reach 1187 and possibly 1197.
If the downside move continues then a strong break down past Fridays lows of 1131 will create a FREE FALL down to 1103 with a push past 1100 reaching 1091.

DISCLAIMER

The views represented on this website do not contain (and should not be construed as containing) financial advice, recommendations, opinions in relation to acquiring, holding or disposing of a financial product of any kind, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Trade View Investments accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of the above information. Consequently any person acting on it does so entirely at his or her own risk. The research does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.
TRADE VIEW MAY CHANGE THE VIEW PRESENTED AT ANY TIME AND WILL NOT PUBLISH ANY UPDATE TO THAT EFFECT.
This communication must not be reproduced or further distributed.
 

Trade View Investments

Trade View Investments Representative
Messages
0
Trade View Investments is an Algorithmic Proprietary Trading Firm based in Melbourne, Australia.

www.tradeview.com.au

WEEKLY MARKET BRIEF - 27th July 2015

This market brief is an overview of the week ahead and some of the events we see as being important to the markets.

Please be aware that our views may change throughout the course of the week, and we do not publish updates of such changes.

We may take multiple trades throughout the week and discuss in our LIVE CHAT ROOM.
Trade View has entered the weekend Net Long.


Continued uncertainty in the Global arena has created Volatility in some Indices.
China having a few 10% down days in a row followed by a few 10% up days.


FOREX

AUD.USD – 7284 ( - 87 or - 1.18% )

“The AUD is in a bit of a downward spiral atm and with possible rate hikes by the US Fed expect it to continue.”

For the upmove to restart we would like to see a strong break and close back above 7407 before reaching 7494. If the momentum is strong then we could see 7635.

For the downside move to continue then an early long down bar could see 7263 followed by 7116 which is now in line with levels back in early 2009.

EUR.USD – 10977 ( + 149 or + 1.38% )

With Greece sorted the EUR is now trying to find its true direction. expect more uncertain moves over the coming months.

If the EUR is to continue its move higher then we would like to see our FICM level of 10925 hold as a strong level of support before a break past 11038 is made. If the upward momentum is strong then we could see 11166.

If the down move is to restart then a strong long down bar break and close past 10925 could see the EUR reach 10780. This could then start a FREE FALL reaching 10590.

GBP.USD – 15504 ( - 99 or - 0.63% )

The GBP moved slightly lower last week after a sideways move. It reached a low of 15466 (which was only 8 points high then our FICM level of 15458) before finding support and then bouncing .

For the GBP to restart its run higher we would like to see early breaks past 15549 and 15591 before reaching 15644. 15644 will then need to broken with a long up bar before reaching our FICM level of 15744.

For the down move to continue we would like to see another strong break past our FICM level of 15458. This would then need to push the pair back down towards 15366. If 15366 is broken this week we will discuss further downside levels on our website



USD.JPY – 12381 ( - 25 or - 0.20% )

Last week saw side ways move for this pair.

For the USD to continue its longer term rally we need to see a strong up bar break through 12464 before reaching 12558 again and testing the highs of June 2015.

For this pair to move back down we need to see a strong move back past the area 12346-24 before reaching 12275. if this too is broken then we could see 12225.

COMMODITIES

GOLD – 1099 ( - 35 or - 3.09% )

Gold took a dive early last week and that's all she wrote.

For the upward move to even stand a slight chance of occurring we would like to see 1134 reached early in the week. If this occurs then we will discuss further up moves on our website

Now that we saw the FREE FALL of GOLD early in the week, continued downside moves could occur if 1069 is broken. This could send GOLD down towards 1043 and possibly 1025.

AUSTRALASIA

ASX – 5523 ( - 143 or - 2.52% )


The ASX popped its head above 5700 for a little and then went down and just did not recover.
We are seeing V shape reversal lately with no clear trend.

For the upmove to restart we would like to see the ASX break and close past 5541 early in the week. Once this occurs 5541 needs to become a solid level of support before moving towards 5595. If the momentum continues strong then 5636 will come back into play.

If the ASX continues to gain traction then a solid break past 5505 early in the week could see it near the area between 5463 - 44 again. This level will be important in deciding the next move for the ASX. If it is broken with strong momentum we will discuss on our website.

EUROPE

DAX – 11304 ( - 375 or - 3.21% )

The DAX struggled like the other world markets last week and moved lower after an initial attempt at an upward break. Nothing has fundamentally changed since the Greek bailout approval.

For the upmove to continue we would like to see 11373 broken early in the week pushing the DAX to 11537. Once this occurs 11631 needs to be broken early followed by a strong push towards 11791 with a possible extension to 11868.

If the downside restarts then the levels we will be watching closely (depending on momentum) will be 11292 - 57, 11163, 11080, 10941, 10867. If 10867 is broken this week we will discuss further downside levels on our website.

US

S&P – 2085 ( - 40 or - 1.88% )


The S&P tried to reach new all time highs but fell short by only a few points. Then down she goes closing at the yearly mean price of 2085 after reaching a high deviation of 3.28.

For the upward move to restart we would like to see a V shape reversal once again moving the S&P through 2101 again before another attempt at breaking 2112 before pushing for new all time highs again.

If the S&P cannot get back above 2100 early this week then a break past 2076 could see the area between 2050 - 46 tested before a strong push down towards 2033 and 2024.

DISCLAIMER

The views represented on this website do not contain (and should not be construed as containing) financial advice, recommendations, opinions in relation to acquiring, holding or disposing of a financial product of any kind, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Trade View Investments accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of the above information. Consequently any person acting on it does so entirely at his or her own risk. The research does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.

TRADE VIEW MAY CHANGE THE VIEW PRESENTED AT ANY TIME AND WILL NOT PUBLISH ANY UPDATE TO THAT EFFECT.

This communication must not be reproduced or further distributed.
 

Trade View Investments

Trade View Investments Representative
Messages
0
Trade View Investments is an Algorithmic Proprietary Trading Firm based in Melbourne, Australia.

www.tradeview.com.au

WEEKLY MARKET BRIEF - 3rd August 2015

This market brief is an overview of the week ahead and some of the events we see as being important to the markets.
Please be aware that our views may change throughout the course of the week, and we do not publish updates of such changes.

For a more detailed day-to-day overview of the markets and trade opportunities please contact us.

We may take multiple trades throughout the week and discuss in our LIVE CHAT ROOM.

Trade View has entered the weekend Net Long.


FOREX

AUD.USD – 7300 ( + 16 or + 0.22% )


Not much action last week for the AUD.
As the AUD has closed only a few points higher our comments remain the same:

For the upmove to restart we would like to see a strong break and close back above 7407 before reaching 7494. If the momentum is strong then we could see 7635.

For the downside move to continue then an early long down bar could see 7263 followed by 7116 which is now in line with levels back in early 2009.

EUR.USD – 10984 ( + 7 or + 0.06% )

After an Initial move higher we saw the EUR move down before a Volatile day on Friday but still finished only a few points higher from last weeks close.
As the EUR has closed only a few points higher our comments remain the same:

If the EUR is to continue its move higher then we would like to see our FICM level of 10925 hold as a strong level of support before a break past 11038 is made. If the upward momentum is strong then we could see 11166.

If the down move is to restart then a strong long down bar break and close past 10925 could see the EUR reach 10780. This could then start a FREE FALL reaching 10590.

GBP.USD – 15620 ( + 116 or + 0.75% )

The GBP moved higher early last week and then took a bit of a breather and continued sideways for the rest of it.

For the GBP to restart its run higher we would like to see early break and close past 15644 followed by a strong push towards our FICM level of 15744. If this level is broken with strong momentum then we will discuss further downside levels in our LIVE CHAT ROOM.

For the down move to restart we would like to see an early break down past both 15591 and 15549. This could then lead the pair back down to our FICM level of 15458. If this level is broken with strong momentum then we will discuss further downside levels in our LIVE CHAT ROOM.

USD.JPY – 12388 ( + 7 or + 0.06% )

The USD is trying to regain its upward momentum but is struggling at the moment.
As the USD has not moved much our comments remain the same:

For the USD to continue its longer term rally we need to see a strong up bar break through 12464 before reaching 12558 again and testing the highs of June 2015.

For this pair to move back down we need to see a strong move back past the area 12346-24 before reaching 12275. if this too is broken then we could see 12225.

COMMODITIES

GOLD – 1095 ( - 4 or - 0.36% )


Gold is moving sideways at the moment. Be Prepared for the next strong move.
As GOLD has closed only a few points lower our comments remain the same:

For the upward move to even stand a slight chance of occurring we would like to see 1134 reached early in the week. If this occurs then we will discuss further up moves on our website

Now that we saw the FREE FALL of GOLD early in the week, continued downside moves could occur if 1069 is broken. This could send GOLD down towards 1043 and possibly 1025.


AUSTRALASIA

ASX – 5695 ( + 172 or + 3.11% )


The ASX saw another V shape reversal pushing back past 5700 and then closing only a few points below. This is setting up for a interesting week.

For the upmove to continue we would like to see the ASX break through 5715 before reaching 5754. Strong momentum past this point could see the ASX complete its range by reaching 5789.
If the move past this level is strong then we will discuss further downside levels in our LIVE CHAT ROOM.

If the ASX repeats last weeks move then 5700 needs to remain as a solid level of resistance before another move lower restarts. We would then like to see a key FICM level of 5636 broken early in the week pushing the ASX back down to 5595. Once this level is broken then 5505 could be seen quickly.

EUROPE

DAX – 11326 ( + 22 or + 0.19% )


After an early drop by the DAX we see it move back up during the week to close only a few points above last weeks close.
As the DAX has closed only a few points higher our comments remain the same:

For the upmove to continue we would like to see 11373 broken early in the week pushing the DAX to 11537. Once this occurs 11631 needs to be broken early followed by a strong push towards 11791 with a possible extension to 11868.

If the downside restarts then the levels we will be watching closely (depending on momentum) will be 11292 - 57, 11163, 11080, 10941, 10867. If 10867 is broken this week we will discuss further downside levels on our website.

US

S&P – 2107 ( + 22 or + 1.06% )


Once again the S&P moved higher after an initial move down. This is showing some bullish behaviour. The big question is will we see new all time highs soon.

For the upward move to continue we would really like to see a strong break and close past 2112.
Once this occurs then we could see the S&P move towards 212, 2126 and 2137 very quickly.
If the momentum remains strong then 2148 is not out of reach.

If the S&P cannot get back above 2112 early this week then a break back down past 2101 could see 2085 and 2076 quickly. The downside move with be tested near the area between 2050 - 46.
If this area is broken with strong momentum then we will discuss further downside levels in our LIVE CHAT ROOM.


DISCLAIMER
The views represented on this website do not contain (and should not be construed as containing) financial advice, recommendations, opinions in relation to acquiring, holding or disposing of a financial product of any kind, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Trade View Investments accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of the above information. Consequently any person acting on it does so entirely at his or her own risk. The research does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.

TRADE VIEW MAY CHANGE THE VIEW PRESENTED AT ANY TIME AND WILL NOT PUBLISH ANY UPDATE TO THAT EFFECT.

This communication must not be reproduced or further distributed.
 

Trade View Investments

Trade View Investments Representative
Messages
0
WEEKLY MARKET BRIEF - 10th August 2015

www.tradeview.com.au

This market brief is an overview of the week ahead and some of the events we see as being important to the markets.
Please be aware that our views may change throughout the course of the week, and we do not publish updates of such changes.

We may take multiple trades throughout the week and discuss in our LIVE CHAT ROOM.
Trade View has entered the weekend Net Long.

FOREX

AUD.USD – 7418 ( + 118 or + 1.62% )


Once again the AUD has bounced off one of our levels (7263) and then POP up she goes.
As always BE PREPARED.

If we are to see a continuation of last weeks up move then 7407 needs to hold as a strong level of support. Once this occurs then 7494 could be see. If the momentum is strong then we could see 7635 which would complete the range.

If we see a quick reversal back down past 7407 and a downside move starts then we need to see an early long down bar reaching 7263 followed by 7116 which is now in line with levels back in early 2009.

EUR.USD – 10965 ( - 19 or - 0.17% )

As the EUR has closed only a few points lower our comments remain the same:

If the EUR is to continue its move higher then we would like to see our FICM level of 10925 hold as a strong level of support before a break past 11038 is made. If the upward momentum is strong then we could see 11166.

If the down move is to restart then a strong long down bar break and close past 10925 could see the EUR reach 10780. This could then start a FREE FALL reaching 10590.

GBP.USD – 15490 ( - 130 or - 0.83% )

The GBP took another dip lower last week after a sideways move. It reached a low of 15424 before finding support and then closing above our key FICM level of 15458.

For the GBP to restart its run higher we would like to see 15458 hold as a strong level of support before we see early breaks past 15549 and 15591 before reaching 15644. 15644 will then need to broken with a long up bar before reaching our FICM level of 15744.

For the down move to continue we would like to see another strong break past our FICM level of 15458. This would then need to push the pair back down towards 15366. If 15366 is broken this week we could see 15280 and possibly 15220 reached.

USD.JPY – 12421 ( + 33 or + 0.27% )

After an initial move higher the USD struggled with the worse than expected job numbers. Some market commentators are saying that the FED will still raise rates, but here at Trade View we would prefer to listen to the markets as the USD fell away late on Friday after the announcement.
As the USD has not moved much our comments remain the same:

For the USD to continue its longer term rally we need to see a strong up bar break through 12464 before reaching 12558 again and testing the highs of June 2015.

For this pair to move back down we need to see a strong move back past the area 12346-24 before reaching 12275. If this too is broken then we could see 12225.

COMMODITIES

GOLD – 1094 ( - 1 or - 0.09% )


Move along, Nothing to see here:
Gold is moving sideways at the moment. Be Prepared for the next strong move.
As GOLD has closed only a few points lower our comments remain the same:

For the upward move to even stand a slight chance of occurring we would like to see a strong break past 1103 before 1134 can be reached. If this occurs then we will discuss further up moves on our website

Now that we saw the FREE FALL of GOLD, continued downside moves could occur if 1069 is broken. This could send GOLD down towards 1043 and possibly 1025.


AUSTRALASIA

ASX – 5460 ( - 235 or - 4.13% )

The ASX is struggling to break past the 5700 area and took another dive down, similar to the previous 2 towards the end of June and end of July. It has however found some temporary support near our FICM level of 5441 by reaching a low of 5437.

For the upmove to restart we need to see the area between 5441 - 62 hold as a strong level of support before a strong push back above 5505 can be seen. Momentum will then dictate the next break up past 5541. This will need to be a long up bar break before 5595 is reached followed by a 5636. Continued strong upward momentum is needed is we are to see a break and close past 5636. If this occurs then the 5700 area will be watched closely and discussed on our website

For the down move to continue this week then we need to see an early long down bar break and close past the key area between 5462 - 41 before reaching 5636. Another strong long down bar break past 5636 could see the ASX reach 5319 very quickly. If the momentum is strong and 5319 is broken then we will discuss lower levels on our website

EUROPE

DAX – 11508 ( + 182 or + 1.61% )

While most world Indices fell away last week the DAX powered ahead. This is quite common by the DAX, so now the big question is will the rest of the world move higher or will the DAX fall back down to catch up to the rest of the world?

For the upmove to continue we would like to see an early strong long up bar break and close past both 11537 and 11621. This could then see the DAX reach 11791 and possibly 11841. Once this level is reached we need to see a long up bar break and close past 11841 before 12015 is reached.

If the down move from the last week has set the trend for this week then we would like to see an early move down to 11373. Once this occurs then the area between 11292 - 57 will need to be broken with a long down bar before 11163 is seen.

US

S&P – 2078 ( - 29 or + 1.38% )


The S&P is playing a little ping pong with traders. Once this is over the break either way will be very strong, so BE PREPARED.

For the upward move to restart we would like to see another V shape reversal moving the S&P back through 2085 and 2101 again before another attempt at breaking 2112 is achieved and before pushing for new all time highs again.

If the S&P cannot get back above 2100 early this week then another break down past 2076 could see the area between 2050 - 46 tested before a strong push down towards 2033 and 2024 is achieved.


DISCLAIMER

The views represented on this website do not contain (and should not be construed as containing) financial advice, recommendations, opinions in relation to acquiring, holding or disposing of a financial product of any kind, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Trade View Investments accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of the above information. Consequently any person acting on it does so entirely at his or her own risk. The research does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.

TRADE VIEW MAY CHANGE THE VIEW PRESENTED AT ANY TIME AND WILL NOT PUBLISH ANY UPDATE TO THAT EFFECT.

This communication must not be reproduced or further distributed.
 

Trade View Investments

Trade View Investments Representative
Messages
0
Trade View Investments is an Algorithmic Proprietary Trading Firm based in Melbourne, Australia.
www.tradeview.com.au

WEEKLY MARKET BRIEF - 17th August 2015

This market brief is an overview of the week ahead and some of the events we see as being important to the markets.
Please be aware that our views may change throughout the course of the week, and we do not publish updates of such changes.

For a more detailed day-to-day overview of the markets and trade opportunities please contact us.

We may take multiple trades throughout the week and discuss in our LIVE CHAT ROOM.

Trade View has entered the weekend Net Long.



FOREX


AUD.USD – 7373 ( - 45 or - 0.61% )


The ASX broke down through 7263 with a low of 7215 then POP up she goes.

As always BE PREPARED.


If we are to see a continuation of last weeks up move then 7407 needs to hold as a strong level of support. Once this occurs then 7494 could be see. If the momentum is strong then we could see 7635 which would complete the range.


If we see a quick reversal back down past 7407 and a downside move starts then we need to see an early long down bar reaching 7263 followed by 7116 which is now in line with levels back in early 2009.


EUR.USD – 11110 ( + 145 or + 1.32% )


The EUR moved higher early last week before tapering off.


If the EUR is to continue last weeks move higher then we would like to see an early break and close past 11166 before pushing towards 11315. If the momentum continues strong then we could see the EUR push towards our FICM level of 11395 and possibly extend to 11427 which would complete the range.


our FICM level of 10925 hold as a strong level of support before a break past 11038 is made. If the upward momentum is strong then we could see 11166.


If the down move is to restart then a strong long down bar break and close past 11038 before reaching 10925. Once this level is broken we could see the EUR reach 10780. This could then start a FREE FALL down to 10590.


GBP.USD – 15638 ( + 148 or + 0.96% )


The GBP is in a sideways move at the moment so many of the levels discuss will be the same.


For the GBP to restart its run higher we would like to see 15644 hold as a strong level of support before before reaching our FICM level of 15744. If the upward momentum is strong then 15834 could be seen.


For the down move to continue we would like to see a strong break past 15591 before reaching 15549. Once this occurs then we could see our FICM level of 15458 reached very quickly where we could see some temporary support.


USD.JPY – 12430 ( + 9 or + 0.07% )


Once again the USD move higher early but then could not keep the momentum and came back down to close only a few points higher.

As the USD has not moved much our comments remain the same:


For the USD to continue its longer term rally we need to see a strong up bar break through 12464 before reaching 12558 again and testing the highs of June 2015.


For this pair to move back down we need to see a strong move back past the area 12346-24 before reaching 12275. if this too is broken then we could see 12225.


COMMODITIES


GOLD – 1114 ( + 20 or + 1.83% )


After some time in a sideways move GOLD POPPED higher before settling again. Last week we said “Gold is moving sideways at the moment. Be Prepared for the next strong move.”


For the upward move to continue higher we would like to see a strong break past 1134 before 1149 can be reached. If this occurs then we will discuss further up moves on our website.


For GOLD to continue its move lower we would like to see a strong break back down past 1103 reaching 1091. Once this is broken we could see GOLD down near 1069.


AUSTRALASIA


ASX – 5356 ( - 104 or - 1.90% )


The ASX continued lower last week breaking through a key area between 5462 - 41. This break has pushed it down to a new level of potential support near 5319 with a low of 5310. 5319 will now be the KEY level moving into this week.


For the upmove to restart we need to see a strong up bar break and close back through 5367. If this occurs then area between 5441 - 62 will also need to be broken with a long up bar before the ASX can see 5505 again.


For the down move to continue this week then we need to see an early long down bar break and close past the new key level of 5319. Once this occurs the ASX could find itself near 5270 very quickly, this will then lead to further downside moves past 5216 before finding potential support near our FICM level of 5150.


EUROPE


DAX – 11048 ( - 460 or - 4.00% )


Oops the DAX steamed ahead too early and last week saw a range move back down. This week will be a real test for the DAX as it is getting close to a potential new downleg.

If the DAX is to have any chance of reversing back up again we would then like to see 10868 hold as a very strong support level before another break above 11080 can occur. Once this occurs the DAX needs to break 11163 with strong momentum reaching the area between 11257 - 97. Once this area is reached we would like to see a strong long up bar break past this area before reaching 11373. If the upward momentum is strong and we see a complete FADE back we could see the DAX reach 11537 or 11621.


If the DAX is getting close to a new DOWN leg then we would like to see an early break past 10941 with a continued long down bar break and close past 10869 reaching 10793. Once this occurs the DAX will be tested near 10684 to see if it can hold this level, if not then we could see a bit of a FREE FALL scenario. If this occurs then we will discuss downside levels ion our website.


US


S&P – 2094 ( + 16 or + 0.77% )


The S&P is playing a little ping pong with traders and basically shaking many out. Once this is over the break either way will be very strong, so BE PREPARED.


For the upward move to restart we would like to see 2085 become a strong level of support before another move through 2101 occurs. Once this occurs we could see 2112 come back into play. This will need to be broken with a strong up bar before pushing for new all time highs again.


If the S&P cannot get back above 2100 early this week then another break down past 2085 and 2076 could see the area between 2050 - 46 tested before a strong push down towards 2033 and 2024 is achieved.

DISCLAIMER

The views represented on this website do not contain (and should not be construed as containing) financial advice, recommendations, opinions in relation to acquiring, holding or disposing of a financial product of any kind, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Trade View Investments accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of the above information. Consequently any person acting on it does so entirely at his or her own risk. The research does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.


TRADE VIEW MAY CHANGE THE VIEW PRESENTED AT ANY TIME AND WILL NOT PUBLISH ANY UPDATE TO THAT EFFECT.


This communication must not be reproduced or further distributed.
 
Top