EUR has dropped finally below 1.3550 and this morning has made an attempt to test 1.3510, however bearish power is not enough to break the solid 1.3500 support area. On H4 frame we have a huge empty space between the current price level and the negative Ichimoku. So i expect some little pullback to take place today, for example to 1.3540-45. Today is Martin Luter's day in the USA and the markets there will remain closed. There is some not so important news from Europe today which is likely to support the EUR. Use any pullback to the upside to open new Short positions. Today's resistance area is 1.3550 and you can sell at any price between 1.3550 and 1.3600.

GOLD has entered the negative Ichimoku as is closed in Friday above 1252. This will be the support to watch at. I think the upside will continue to 1265 at least. Bullish outlook will be destroyed below 1240.


AUD is in a consolidation mode after the huge drop during the last days. H4 indicators are bearish but a H4 close above 0.8795 will extend the correction to 0.8825, then a test of 1.8790 may follow again.

NZD battles with the SMA200 support/resistance line at 0.8245. We have another good support at 0.8230 so i expect a reverse in the days ahead to 0.8310

JPY - indicators here are mixed and i prefer to stay out for now

GBP- long above 1.6405 target 1.6445 and above.Short below 1.6390.

For today:

LONG EUR above 1.3510 SL 1.3495 TP 1.3545-1.3565-1.3585

SHORT EUR below 1.3550 SL 1.3565 TP 1.3485-1.3450-1.3410

LONG GOLD above 1252 SL 1247 TP 1264-1275

SHORT GOLD below 1240 SL 1247 TP 1224-1212-1200

Good luck!

Views: 765

Comment by Khan Green on January 20, 2014 at 6:38am

Grateful dear

Comment by Por Por on January 20, 2014 at 7:51am

This is going to be brilliant learning the movement of new currencies with your experimental analysis, thanks very big ! Yours is becoming my go to read each morning.

Comment by George Sofianos on January 20, 2014 at 12:49pm

Thank you Vladimir, very clear and good argumentation

Comment by Faraz Solangi on January 20, 2014 at 2:35pm

good work, keep it up.

Comment by Syed Ali Arslan on January 20, 2014 at 3:34pm

i shall thank you for your eloquence explanations  Friday was wonderful 

Comment by umar shahzad on January 20, 2014 at 7:17pm

So nice


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