MAR B-Pound Futures
Closing price: (1.4293)
Target price: None at the moment
Resistance: 1.4312, 1.4370
Support: 1.4218, 1.4117*, 1.4036*-13*
Trend: Sdwys/Up
Trend reversal price: 1.3983
Comment: The market is rejecting short term topping setbacks and is now poised to drive for a secondary test of the 1.4370 reversal high. A push over 1.4312 should spark rallies. A breakout over 1.4370 implies a drive near 14500. A close under 1.4117* is needed to turn back into short term topping selloffs back against 1.4036*-13* support points.
Closing price: (0.81605)
Target price: 0.8219+
Resistance: 0.8175, 0.8219-40
Support: 0.8125-135, 0.8098, 0.8050*
Trend” Up 0.8050
Comment The market posture is friendly and a surge through 0.8175 could accelerate rallies to reach for 0.8219-40. A close over 0.8250-55 is bullish, but initially suspect a short term peak / back off from previous peaking levels. Any corrective dips should hold yesterday's inside day low to keep strong bull forces. A close under 8098 targets to 0.8050*.
MAR Euro Futures
Closing price: (12542)
Target price: 1.2610 1.25765, 1.2610
Support: 1.2509, 1.24425*
Trend: Up
Trend reversal price: 1.23425
Comment: Yesterday's rally rekindles bull trend forces and has trade poised to attack over last week's high, reaching for weekly resistance resting at 1.2610. A close beyond 1.2610 alerts for a larger drive beyond 1.2800+. Be careful for a setback from 1.2610 on the first test. A close under 1.24425* is needed to flip trade into a correction down to 1.23425*.
MAR J-Yen Futures
Closing price: (0.9162)
Target price: 0.9300
Resistance: 0.9201, 0.9246-50, 0.9269?
Support: 0.9129-20, 0.90975*
Trend: Sdwys/Up
Trend reversal price: 0.90975
Comment: The market remains short term bullish, alerting for a larger bull wave that could reach for 9300+. A surge past 92415+ should encourage rallies to reach 9300. Be prepared for additional defensive congestion, but suspect a bounce from under 9129-. A close below 90975* is needed for a peaking turn.
MAR Swiss Franc Futures
Closing price: (1.0831)
Target price: 1.0950
Resistance: 10850?, 1.0950+
Support: 1.0800-, 1.0764, 1.0719*
Trend: Up
Trend reversal price: 1.0719
Comment The market is bullish, powering into a breakout at new highs which should launch a drive to 1.0950+. Stable action over 1.0800+ should encourage continuation rallies. A drop under 1.0719* is needed to highlight a failed breakout and reversal turnover to send retracements under 1.0600-.
MAR Aussies
Closing price: (0.8039)
Target price: 0.8260,
Resistance: 0.8088, 0.8117, 0.8260
Support: 0.8009?, 0.7995*+/-
Trend: Sdwys/Up
Trend reversal price: 0.7995
Comment Overall the trend is up and surge over 0.8117 should spark rallies into a breakout at new highs which in turn calls for advances to reach for 0.8260. We may see another defensive congestion ease along the 0.7995* support level. A close under 0.7995* is needed to signal a negative turnover, sending selloffs to the low 0.7900 area. Stabilizing over 0.7995*+ hints for another rally attempt.
MAR US Dollar - DXY
Closing price: 88.505
Target price: None at the moment
Resistance: 88.97, 89.40+/-, 89.80*
Support: 88.435*, 87.89-
Trend: Down
Trend reversal price: 89.80
Comment: The market is bearish, but down against the 88.435* objective / support. Another bounce off 88.435* alerts for retracement rallies into next week. A close over 89.80* signals a bottoming turn. A close under 88.435* will release another selling wave.