Market Analysis Wednesday 15th of May

ANALYSIS 15-05-2013

The Nikkei index weakened due to strengthening Yen

Japanese stock exchange for trading on Tuesday yesterday closed a decline. After yesterday managed to touch its highest level in 4.5 years, the Japanese stock exchange currently experiencing Corrections precisely due to the strengthening of the yen exchange rate against the U.S. dollar. Reinforcement is also pressing shares based exporters. His bullish exchange movements also cause investors do profit taking action.

Technically, the index on the trading session today, Wednesday (15/05) have the opportunity to strengthen, test positive trend. In a bullish hammer formation M15 chart provides an opportunity for the index to move upside. However, the volume tends to increase, as well as an early indication of a bullish index. In addition, RSI, on the M15 chart, selling in saturated areas, signal upside.

Partly, the index test prior resistance level that is 15 196 and 15306. If they fail at 15 040, then further testing index tends estimated return level that is 14 906 Support and expanding possibilities in 14802 area.

Experience the weakening euro against the U.S. dollar

In foreign exchange trading on Tuesday yesterday, barely euro currency against the U.S. dollar experienced changes after dirilisnya various data in the euro zone Tuesday yesterday.

Technically, the trading session today, Wednesday (30/05), the pair euro dollar opportunity to move in a negative trend.

Predicted weakening of the Euro, especially immediately test back Support minimum and maximum that is at 1.2814 1.2742. And as, if able to break and last Euro above 1.2934, then the other alternative scenario ie Euro chance to test resistance at 1.3023 and 1.3109 area.

Gold Prices End At Lowest In Three Policy This Week

Gold prices in futures trade suffered a sharp decline and ended at the bottom of the three-week lows on Tuesday trading yesterday after the strengthening of the U.S. Dollar giving shots coupled with rising landslide that occurred on U.S. stock exchanges. This shed attractiveness of gold as a safe haven among investors.

Technically, today’s gold trading session this Wednesday (15/05) potentially bearish, test returned negative trend, but prone to reversal. RSI indicators tend to re-test Support channel oversold area and heading, but Bollinger Bands are beginning to widen, thus providing the impetus for gold for upside.

Chance of gold price immediately prior to test Support at least in the area of ​​re-test 1382.20 and 1356.15 maximum level. But if the price of gold is able to break above 1426.40 and defending the gold price estimated potential test resistance ie 1457.35 and 1490.41.