All Markets Daily analysis and Forecast, February 11th 2014

Hello Traders,

Tonight’s video features all the markets I follow, but the Japanes Majors, for which you can review my last Newsletter (if you are not a subscriber you can receive my last 6 issues simply by subscribing for free, see below).

The market featured in the below video and commentary are EUR/USD, S&P500, Dollar Index, Gold, GBP/USD, AUD/USD, USD/CAD & NZD/USD.

Notice that the short in the Euro is still valid and yesterday I provided a warning for the S&P500 as we could be very close to a sensitive correction.

Hereunder is the commentary for the markets I follow:

EUR/USD
The Euro is showing resistance at the all the way half way back at 1.3684 area where participation on the downside was anticipated. On the 240min timeframe support will be at 1.3617 and, below 1.3605, at 1.3580 area. The move lower can be considered completely resumed below 1.3553

S&P500 emini
The S&P500 emini failed the 1,735 level I have been watching closely. Although not confirmed by cash, this failure ~WARNS~ that a correction could start when the current move higher will be completed. This move could end at or above previous highs

Dollar Index futures
This market is showing support for the first time at 80.50. We anticipate a continuation higher in the DX (and a corresponding move lower in the EUR/USD). If that happens the first target for DX will be the 82 level

Gold emini
This market respected the next entry long identified in the sequence by the area of support starting at 1,244. Program Trading participated on the long side and today (Tue, Feb 11) price was able to cut above that 1,294.12 level, which is important to identify and declare the failure of daily shorts in this market. If price does not continue higher straight into second level at 1,315, we will see a retracement into the next support and long at 1,266 with a stop below 1,258 and a continuation higher into 1,307 (1st target).

USD/JPY, EUR/JPY & GBP/JPY
Please review last Newsletter.Analysis of these pairs is unchanged.

GBP/USD
This market reacted to the 1.6260 anticipated level of support and now there is a battle for the trend with bears entering at the 1.6450 area. Below 1.6160, this market will keep correcting with the EUR/USD, eventually into the 1.6050 area of daily support.

AUD/USD
This market failed the 61.8% of the measured move traced from the 0.9268 all important anchort that has been used by Program Trading in the last few months. Now this pair has the potential to move into the 0.9200 area where we should witness daily resistance. However the failure of the current sequence in the 240min timeframe could indicate the end of this move higher. At the moment price is continuing reacting to the 0.8908 area with first target at 0.9040 (already hit) and price heading towards second target at 0.9108.

USD/CAD
We witnessed a failure of longs and a confirmation of the weekly short (review last weekend s video) when price moved below 1.1049. After that point we saw price retrace to the all the way half way short twice. More recently at that 1.1090 area with targets below (1st target right at that 1.0910 area of support)

NDZ/USD
We witnessed the area of support starting at 0.8110, identified back during the mid of October 2013, holding for the third time. With potential resuming strenght in the dollar this pair could just continue in a lateral move on top of the 0.8110 support. Targets are currently above at 0.8745.

Notice that price projections in my method are not from/to random levels and do not follow Elliot Wave, DiNapoli levels or other methods, but rather a proprietary method based on modeling effects of Program and Algorithmic Trading on price.

My method helps “level plain” the trading game showing what banks, institutions and big hedge funds are actually doing (and not what they are saying they are doing). Follow me to learn how to spot the Algorithmic Trading footprints.

I send a free Newsletter in the weekend and provide updates throughout the week. The newsletter typically includes 3 video reviews for (1) EUR/USD, Dollar Index, S&P500 emini and Gold emini; (2) the Japanese Yen majors, i.e. USD/JPY, EUR/JPY and GBP/JPY; (3) the other majors: GBP/USD, AUD/USD, USD/CAD. Please, register here to receive the free weekly newsletter.

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Have a great evening.

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Filed under English language, Euro FX analysis and trade setups videos, Forex, Futures, S&P mini futures setups and trades, Trading Plan

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