During the session today, the ADP data coming out of the US at 12:15(GMT) is the only announcement worth paying attention to, which could possibly move the stock market, but beyond that we don’t expect much in the way of a reaction unless it’s of course absolutely horrific.
EUR/USD
Seen from the 4-hour chart, the EUR/USD pair shows a brilliant bullish pattern. However, the bullish sentiment has not increased which is reflected in the 1-day chart.Without sufficient bullish momentum, we are cautious of buying put options during the morning session. We can continue to buy put options if it slip to 1.1197, while call options can be purchased only it breaks through 1.1261.
Support：1.1212/1.1190/1.1175
Resistance：1.1261/1.1282/1.1324
GBP/USD
As the GBP/USD pair is in a bearish trend, but a big surge may occur at any time. Put options can be purchased with caution during the morning session and be ended at 1.5100. Seen from the 4-hour chart, a bottom deviation may occur with opportunity of buying call options at 1.5100 supportive level.
Support：1.5100/1.4890/1.4565
Resistance：1.5192/1.5239/1.5300
USD/JPY
The USD/JPY pair is in a bearish trend that provides opportunity of buying put options. Seen from the 1-hour chart, there can be a pullback during the morning session, so call options can be purchased with caution. We have no interest of buying call options until it breaks through 120.20.
Support：119.60/119.00/118.33
Resistance：120.20/120.80/121.20
[Tips]
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This week’s focus falls on the US Non-Farm data released on Friday. Federal Reserve Chairman Janet Yellen’s previous remarks has fueled the interest rate hike. Analysts believe that there will be two opportunities for interest right hike with one in October and other in December. Interest rate hike in December is much more likely to happen. The Fed will increase interest rate only when this week’s Non-Farm data as well as next month’s data are good enough to support it.
EUR/USD
Seen from the 1-hour and 4-hour chart, the EUR/USD pair is pressured with a trend of consolidation. With that being the case, we prefer buying put options and end it at the previous two low bits. A pullback may occur when it breaks through 1.1217, and put options should be suspended.
Support：1.1094/1.1010/1.0950
Resistance：1.1217/1.1250/1.1262
GBP/USD
The GBP/USD pair is obviously in a bearish trend that technically suggests buying put options. However, seen from the 1-hour chart, it is encountering a serious bottom deviation that could occur to 4-hour chart and 1-day chart, too. It’s difficult to determine whether it will rise or fall at this point of position, but call options are more preferable. Once it drops below 1.5162, we will buy put options and end it at 1.5100.
Support：1.5162/1.5100/1.4891
Resistance：1.5252/1.5364/1.5426
USD/JPY
The USD/JPY pair still continues to consolidate with a declining bearish sentiment that is shown on the 1-hour chart. A bullish can be confirmed only when it breaks through 121.90. We are mainly buyers of put options if it is below 121.80.
Support：120.00/119.69/119.00
Resistance：120.88/121.27/121.55
[Tips]
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The topic on Federal Reserve’s interest rate hike is still heated, though they kept the interest rate at the current rate. Meanwhile, the federal reserve has buried a smoke shell with saying that they can’t exclude a interest rate hike in October. With that being in the case, there can be a lot of volatility in the market. At the same time, Alexis Tsipras with his left-wing Syriza party won in Sunday’s election that may have certain affect on Euro.
EUR/USD
The bullish sentiment of the EUR/USD pair is declining and continues to rally. Seen from the 1-hour chart, the price is pressed by all average lines. While strong support is founded in the 1-day chart. We can buy put options between 1.1350 and 1.1221. Call options can be purchased above 1.1350 with cautions and it can be ended at 1.1450.
Support：1.1270/1.1235/1.1221
Resistance：1.1340/1.1366/1.1450
GBP/USD
Seen from the 1-hour chart, the GBP/USD pair continues to drop down with correction that provides opportunity of buying put options in the morning session. Call options can be suspended at 1.5480 aiming for 1.5408. We have no interest buying call option until it bounces up to 1.5570.
Support：1.5480/1.5448/1.5408
Resistance：1.5564/1.5650/1.5750
USD/JPY
Seen from the 1-hour chart, the USD/JPY is moving downward with a pullback trend. Since the bearish tend of the USD/JPY pair hasn’t changed, we continues to buy put options and suspend it at 120.30. Put options can be purchased again when it drop to 121.15.
Support：119.32/118.98/117.53
Resistance：120.20/120.48/121.15
[Tips]
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Federal Reserve finally didn’t miss expectation and kept its current interest rate. Meanwhile, the US index drift down as the announce came out. The market trend should last for a period as we mentioned yesterday. Indicators show that Federal Reserve may increase interest rate before the end of the year. Therefore, the influence of the Federal’s decision on the market is slightly lower.
EUR/USD
As the EUR/USD pair continues to bounce up with strong bullish sentiment, we are buyers of call options. But seen from the 1-hour chart, it is requested for a pullback correction in the morning session.
Support：1.1367/1.1300/1.1260
Resistance：1.1476/1.1520/1.1571
GBP/USD
The GBP/USD pair still exist considerable bullish momentum, but it requires a drop back correction that is reflected from the 4-hour chart. Since there will be a lot of volatility, we may choose to buy put option or just stay and see. Put option should be ended at 1.5500.
Support：1.5500/1.5465/1.5357
Resistance：1.5664/1.5716/1.5750
USD/JPY
Reflected from the 1-hour, 4-hour and 1-day chart, the USD/JPY pair is still in the bearish trend, so we are mainly buyers of put options. Put options should be ended at 119.00, and we need to observe whether the bullish momentum is strong enough to continue to buy put options.
Support：119.62/118.98/117.53
Resistance：120.35/120.60/120.85
[Tips]
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Reflected from the continuous slip of the USD in the past few days, the market did not show great expectation for Fed’s interest rate hike. Seen from the day line of the USD index, it may appear a top pattern. In that case, it will be sure that the interest rate hike won’t happen within this year.
EUR/USD
After the EUR/USD pair hit the pressure level at 1.1373 yesterday, it has dropped back with correction. During the morning session, we found there was considerable support at the base that makes it difficult to fall. We favor of buying call options in the morning session and end it at 1.1290. It may bounce back when it breaks through 1,1331.
Support：1.1290/1.1265/1.1231
Resistance：1.1331/1.1369/1.1400
GBP/USD
Seen from the 1-hour chart of the GBP/USD pair, it’s hard to predict its direction since it supports a big slump on MACD while continues to rally in the high level. Under the slight correction, we can buy put options or just stay to watch, it would bounces back when it breaks through 1.1433.
Support：1.5398/1.5382/1.5350
Resistance：1.5465/1.5478/1.5490
USD/JPY
The USD/JPY pair continues to bounce back with pullback momentum since the price is moving above the average line which is shown in the 1-hour chart. But seen from the 1-hour chart, there is strong resistance so that we are mainly buyers of put options. We need to notice that Japan’s interest rate decision may cause a big move even a surge on the JPY.
Support：120.25/119.90/119.64
Resistance：120.7/120.8/121.40
[Tips]
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Technical Analysis on EUR/USD,GBP/USD,USD/JPY,September 11th,2015
Yesterday, the CNH to USD exchange rate dramatically increased 1.15% yesterday, hitting a 5-year high since 2010. Meanwhile, Britain still remains its interest rate and quantitative easing policy unchanged. With those being in the case, it has become more intricate for Fed’s interest rate decision. Our senior Analyst Eric believes that the interest rate hike decision within this year is very unlikely unless there is positive Non-Farm data during the following months.
EUR/USD
The bullish momentum of the EUR/USD pair is in a perfect pattern that should continue for a period. Meanwhile, we find that there is still certain distance between the price movement and the average line which is shown on the 4-hour chart. It requests a correction within 4 hours so that we may buy put option in the morning session. Call options should be stopped at 1.1370 and put options can be purchased from this position.
Support：1.1220/1.1180
Resistance：1.1328/1.1370
GBP/USD
The GBP/USD pair continues to show strong bullish sentiment that provides more buying opportunities in the morning session. But seen from the 1-hour chart, a top divergence has formed that indicates call options should be ended around the pressure level at 1.5470. If it is broken through, we can start to buy put options when it raises to 1.5500.
Support：1.5386/1.5339
Resistance：1.5470/1.5500
USD/JPY
As the USD/JPY pair still has a strong bullish sentiment, we like buying call options until it raises to 121.42. We will start to buy put options when it raises t0 121.87.
Support：120.18/118.74
Resistance： 121.42/121.87
[Tips]
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During the session today, the pivotal event should be MPC Meeting Minutes and Interest Rate Decision of Bank of England that would move the GBP/USD pair around. Most analysts expect that the interest rate won’t change but there should be a big fluctuation since the market experienced a big fluctuation even Canadian’s interest rate didn’t changed yesterday. New Zealand cut its interest rate by 0.25 that causes a big slump on NZD/USD pair.
EUR/USD
Seen from the 4-hour chart, the EUR/USD pair has shown a sign of bullish momentum, so we are mainly buyers of call options. There exists some pressure at 1.1240 that should be easy to break through. We have to stop buying call options when it drops below 1.1170, meanwhile, purchase of put options should be cautious.
Support：1.1170/1.1150
Resistance：1.1240/1.1263/1.1330
GBP/USD
Seen from the 1-hour chart of the GBP/USD pair, it continues to bounce down without sufficient bullish sentiment, so we favor of buying put options. But when it drops down from the pressure level at 1.5413, there won’t be big space for it to decline so that we have to stop buying put options at 1.5320. We like buying call options with a reference position at 1.5290.
Support：1.5333/ 1.5291
Resistance：1.5413/ 1.5471
USD/JPY
Seen from the 1-hour chart and day line movement, the USD/JPY pair is in the bearish trend with considerable pressure. We believe that it has limited space to rise that put options should be purchased. Put options should be stopped when it breaks through 120.45. We have no interest in buying call options until it breaks through 121.00.
Support：119.70/118.74
Resistance： 120.44/121.45
[Tips]
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During the session today, we should focus on the influence of Canadian Central Bank’s interest rate decision on the CAD/USD pair as well as the influence of Reserve Bank of New Zealand’s interest rate on NZA/USD.
EUR/USD
Seen from the 1-hour chart of the EUR/USD pair, it continues to bounce up. While in the 4-hour chart, the MACD cylinder is shrinking that indicates the bullish momentum still exists. However, it’s hard to break through the range between 1.1200 and 1.1209 since it’s high time that it may reverse to drop at 1.1210. We are mainly buyers of put options with more caution.
Support：1.1167/1.1150/1.1135
Resistance：1.1209/1.1238/1.1272
GBP/USD
After the GBP/USD continues to rise for two days, it is approaching the pressure position at 1.5413. Since it is not a safe heaven for call options any more, we will switch to buy put options. We notice that once the pressure level 1.5413 is broken through, we may have to wait for next pressure position 1.5490 to start buying put options.
Support：1.5363/ 1.5322
Resistance：1.5413/ 1.5490
USD/JPY
We favor of buying call options of the USD/JPY pair and suspend it at between 120.58-120.68. Call options should be ended at 121.44.
Support：119.75/119.02
Resistance： 120.68/120.89
[Tips]
All the information mentioned above is for reference only. FX77 Option team will keep an eye on the market and set the trading strategies specifically. If you are looking for more real-time signal-providing services and investment instructions, please follow us at http://www.fx77.com/?lang=en&B&campaign=170
During the session today, we should focus on the GDP number come out of Eurozone. Meanwhile, as we mentioned yesterday, it seems quite difficult for Fed to raise interest rate this year that may change the moving direction of the major currencies.
EUR/USD
The EUR/USD pair continues to rally with bullish momentum. Seen from the1-hour chart, we find considerable pressure between 1.1170 and 1.1200 that should weaken the bullish trend. Nevertheless, the price movement keeps going up so that we are mainly buyers of call options in the morning session. We have no interest of buying put options until it breaks through 1.1137.
Support：1.1145/1.1137
Resistance：1.1174/1.1200
GBP/USD
The GBP/USD pair continues to bounce back after hitting the low position yesterday, with pullback momentum existed, we like buying call options that may end at 1.5282 in the morning session. We won’t buy call options when it drops below 1.5250, since it can possibly go into bearish trend.
Support：1.5250/ 1.5154
Resistance：1.5285/ 1.5356
USD/JPY
Seen from the 1-hour chart of the USD/JPY pair, it has declined with bearish trend. Therefore, we favor of buying put options and end it at 118.90~118.83, since it may encounter some pullback in this area. We will end up buying put options when it breaks through 119.54.
Support：119.00/118.35
Resistance： 119..54/120.55
[Tips]
All the information mentioned above is for reference only. FX77 Option team will keep an eye on the market and set the trading strategies specifically. If you are looking for more real-time signal-providing services and investment instructions, please follow us at
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The Non-Farm Payroll data released on Friday is much weaker than expected with a 170,000 employment number and a 5.1% unemployment rate, which did not have great impact on the market. As we mentioned before, Fed’s interest rate decision should be supportive by positively good economy data, while Non-Farm number did not meet this requirement. Therefore it is expected that it is impossible to raise the interest rate in September and it may delay to next year in March.
EUR/USD
The EUR/USD pair has entered the horizontal price movement. Seen from the 1-hour chart of the morning session, its MACD is shrinking with price bouncing around in the vicinity of average line. But combine with the 4-hour chart, we found that there is considerable pressure around 1.1167-1.1200, so we like buying put options during the session today. We should be cautious of buying call options when it breaks through 1.1200.
Support：1.1130~1.1120
Resistance：1.1167~1.1200
GBP/USD
Seen from the 1-day chart of the GBP/USD pair, last Friday closed at 1.5170 that may provide short-term support for correction. But seen from other aspects its bearish trend still continues, showing no signs of ending. We are mainly buyers of put options and end it at 1.5100.
Support：1.5090/ 1.4898
Resistance：1.5212 / 1.5240
USD/JPY
Seen from the 1-hour chart, the USD/JPY pair, its price is bouncing around the average line with correction, so we are buyers of call options. We have no interest of buying put options until it drops below 118.80.
Support：118.90/ 118.32
Resistance： 119.84~120.00
[Tips]
All the information mentioned above is for reference only. FX77 Option team will keep an eye on the market and set the trading strategies specifically. If you are looking for more real-time signal-providing services and investment instructions, please follow us at
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