Market recap before week end Dec 05 2014

EURUSD : As long as resistance 1.2455 holds on daily closing basis , outlook remains on the downside towards the 1.2280/1.2240 levels , above 1.2455 faces a recovery risk towards the 1.2530/1.2630 levels.

GBPUSD : As long as resistance 1.5763 holds on a daily closing basis , outlook in GBPUSD remains on the downside towards the 1.5630/1.5589  levels ahead of the 1.5370/1.5230 levels , above 1.5763 faces a recovery risk towards the 1.5825/1.5941 levels before the next fall.

 

USDJPY : As long as support 120.00 holds , the pair remains very bullish with risk towards the 120.70/121.15 levels ahead of the 121.70 levels , below 120.00 will bring pullback towards the 119.40/118.47 levels before the next rise .

USDCHF : As long as support 0.9648 holds on a daily closing basis , outlook remain on the upside towards the 0.9795 levels ahead of the 0.9850/0.9930 levels.Below 0.9648 faces a pullback risk towards the 0.9530 levels before the next rise .

AUDUSD : As long as resistance 0.8485 holds on a daily closing basis , outlook in AUDUSD remains on the downside towards the 0.8370/0.8220 0.8050 levels , above 0.8485 will bring rebound towards the 0.8545/0.8617 levels before the next possible fall. watch out for the key support 0.8370 , we might see hesitation or rebound before the next fall.

USDCAD :As long as support 1.1325 holds on weekly closing basis ,outlook in USDCAD remains on the upside towards the 1.1515 levels ahead of the 1.1600 levels, below 1.1325 will turn outlook neutral and bring consolidation above the 1.1190 levels before the next rise.

NZDUSD : As long as resistance 0.7820 holds on daily closing basis , outlook remains on the downside towards the 0.7659/0.7595 levels , above 0.7820 faces a recovery risk towards the 0.7915/0.7975 levels

EURGBP: As long as resistance 0.7920 holds on daily closing basis , outlook remains on the downside towards the 0.7770/0.7700 levels , above 0.7920 faces a recovery risk towards the 0.7975/0.8038 levels.

EURJPY : As long as support 145.66 holds on a daily closing basis , outlook in EURJPY remains neutral with risk to the upside towards the 148.00/149.15 levels ahead of the 150.00/151.30 levels , below 145.66 will bring a small decline to 144.50 levels before the next rise…

GBPJPY: As long as support 188.20 holds the pair remains very bullish with risk towards the 190.00 levels , a halt is suggested ,but further upside will open 191.00/192.00 levels.

Copper : AS long as resistance 2.943 holds , the pair remain bearish with risk towards the 2.840 levels ahead of the 2.775 levels ,  above the 2.943 faces a recovery risk towards the 3.073/3.110 levels.

Natural Gas : As long as 3.830 holds on a daily closing basis , outlook remains on the downside towards the 3.530 levels ahead of the 3.430 levels , above 3.830 faces a recovery risk towards the 4.015/4.514 levels.

Crude Oil : As long as resistance 69.50 holds on a daily closing basis , outlook in Crude Oil remains on the downside towards the 65.80 /63.70 levels ahead of the 60.00 levels , above 69.50 faces a recovery risk towards the 73.70 levels..

XAGUSD : As long as support 15.27/15.89 holds on a daily closing basis , outlook in XAGUSD remains on the upside towards the 18.80 levels ahead of the 17.12/17.53 levels. Below 15.27 will reverse risk towards the 14.12 levels.

XAUUSD :  As long as support 1191 holds on a daily closing basis , outlook in XAUUSD remains on the upside towards the 1225 levels ahead of the 1240 levels . Below 1191 will reverse risk towards the 1175/1146 levels.

S&P 500 : As support 2065 holds on a 4 hour closing basis , outlook in S&P 500 index remains on the upside towards the 2075 levels ahead of the 2086/2091 levels, below the 2065 will bring a corrective pullback towards the 2057/2048 levels before the next rise.

NASDAQ-100 :  As long as support 4246/4270 holds on a daily closing basis , outlook in NASDAQ-100 index remains on the upside towards the 4345/4365 levels , below 4246 will turn outlook bearish towards the 4132/ 4036 levels.

Nikkei 225 : As long as support 16410  holds on a daily closing basis , outlook in Nikkei 225  index remains on the upside towards the 17430 levels ahead of the 17760/17975 levels, below the 16410 will bring a corrective pullback towards the 15430/15230  levels before the next rise.

Dow Jones : As long as 17895 holds , outlook remain on the upside towards the 17960/18000 levels , below 17895 face a pullback risk towards the 17700/17675 levels before the next rise.

USDINDEX : AS long as support 80.20 holds on a daily closing basis , outlook remain on the upside towards the 99.17/90.00 levels ahead of the 91.00 levels , below 80.20 levels faces a pullback risk towards the 85.88 levels before the next rise..

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