Daily Market outlook

Daily Market Outlook, 15th of January, 2025

January 15, 2025
Seven Blog

DAILY FOREX MARKET TECHNICAL ANALYZING REPORT

January 15th Financial News

SUMMARY

French Prime Minister calls for political stability as the left-wing party files a no-confidence motion; A Gaza ceasefire deal appears close as talks enter their final stages…

Quick Facts

1. French Prime Minister calls for political stability as the left-wing party files a no-confidence motion.
2. EIA expects oil prices to be under pressure from oversupply in 2026.
3. Gaza ceasefire deal is close as talks enter final stages.
4. Ryozo Himino says the BOJ will reach a rate decision next week.

News Details

French Prime Minister calls for political stability as the left-wing party files a no-confidence motion
EIA expects oil prices to be under pressure from oversupply in 2026
Gaza ceasefire deal close as talks enter final stages
Ryozo Himino says the BOJ will reach a rate decision next week

[Today’s Focus]

UTC+8 16:30 ECB Governing Council Member Villeroy Speaks
UTC+8 17:00 IEA’s Monthly Oil Market Report
UTC+8 15:00 UK CPI (Dec)
UTC+8 21:30 U.S. CPI (Dec)
UTC+8 00:00 Next Day: New York Fed President Williams Speaks
UTC+8 00:30 Next Day: Bank of England’s MPC Member Taylor Speaks
UTC+8 01:00 Next Day: Chicago Fed President Goolsbee Speaks
UTC+8 03:00 Next Day: Fed’s Beige Book
 
Risk Warnings and Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation

 

EUR/USD Trading Strategy: Daily Insights

EUR/USD Daily Technical Report

Previous day market moments and current day pivot point

Currency: EUR/USD
High: 1.03079
Low: 1.02186
Close: 1.03018
Pivot: 1.02761

Key Insights:

  1. Pivot Point Analysis:

    • The pivot point, acting as a potential support or resistance level, is at 1.02761.
    • The closing price of 1.03018 is slightly above the pivot, suggesting a slight bullish sentiment. This indicates that the price may continue to rise if it stays above the pivot point.

  2. Support and Resistance Levels:

    • Resistance 1 (R1) is at 1.03336.
    • Support 1 (S1) is at 1.02443.

  3. Trend Observation:

    • The close near the high indicates bullish momentum.
    • If the price remains above the pivot, it could test the first resistance level at 1.03336.

Suggested Entry Points:

  • Buy Entry Point:
    If the price stays above the pivot point (1.02761), consider entering a buy position around 1.02800 to 1.02900, aiming for the first resistance level (1.03336).

  • Sell Entry Point:
    If the price drops below the pivot point (1.02761), consider entering a sell position around 1.02700 to 1.02600, aiming for the first support level (1.02443).

  • The market shows a slight bullish tendency with the close above the pivot point.
  • Watch for price movements around the pivot and resistance level to gauge the next direction.

 

Disclaimer: This content is for informational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making any trading decisions.

GBP/USD Trading Strategy: Daily Analysis

GBP/USD Daily Report

Previous day market moments and current day pivot point

Currency: GBP/USD
High: 1.22474
Low: 1.21417
Close: 1.22060
Pivot: 1.21984

Key Insights:

  1. Pivot Point Analysis:

    • The pivot point, acting as a potential support or resistance level, is at 1.21984.
    • The closing price of 1.2206 is slightly above the pivot, suggesting a slight bullish sentiment. This indicates that the price may continue to rise if it stays above the pivot point.

  2. Support and Resistance Levels:

    • Resistance 1 (R1) is at 1.22551.
    • Support 1 (S1) is at 1.21497.

  3. Trend Observation:

    • The close near the high indicates bullish momentum.
    • If the price remains above the pivot, it could test the first resistance level at 1.22551.

Suggested Entry Points:

  • Buy Entry Point:
    If the price stays above the pivot point (1.21984), consider entering a buy position around 1.22000 to 1.22100, aiming for the first resistance level (1.22551).

  • Sell Entry Point:
    If the price drops below the pivot point (1.21984), consider entering a sell position around 1.21900 to 1.21800, aiming for the first support level (1.21497).

  • The market shows a slight bullish tendency with the close above the pivot point.
  • Watch for price movements around the pivot and resistance level to gauge the next direction.

Disclaimer: This content is for informational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making any trading decisions.

USD/JPY Trading Strategy: Daily Analysis

JPY/USD Daily Report

Previous day market moments and current day pivot point

Currency: JPY/USD
High: 158.178
Low: 157.039
Close: 157.992
Pivot: 157.736

Key Insights:

  1. Pivot Point Analysis:

    • The pivot point, acting as a potential support or resistance level, is at 157.736.
    • The closing price of 157.992 is above the pivot, suggesting a bullish sentiment. This indicates that the price may continue to rise if it stays above the pivot point.

  2. Support and Resistance Levels:

    • Resistance 1 (R1) is at 158.689.
    • Support 1 (S1) is at 157.089.

  3. Trend Observation:

    • The close near the high indicates bullish momentum.
    • If the price remains above the pivot, it could test the first resistance level at 158.689.

Suggested Entry Points:

  • Buy Entry Point:
    If the price stays above the pivot point (157.736), consider entering a buy position around 157.800 to 157.900, aiming for the first resistance level (158.689).

  • Sell Entry Point:
    If the price drops below the pivot point (157.736), consider entering a sell position around 157.700 to 157.600, aiming for the first support level (157.089).

  • The market shows a bullish tendency with the close above the pivot point.
  • Watch for price movements around the pivot and resistance level to gauge the next direction.

Disclaimer: This content is for informational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making any trading decisions.

AUD/USD Trading Strategy: Daily Analysis

AUD/USD Daily Report

Previous day market moments and current day pivot point

Currency: AUD/USD
High: 0.62072
Low: 0.61596
Close: 0.61898
Pivot: 0.61855

Key Insights:

  1. Pivot Point Analysis:

    • The pivot point, acting as a potential support or resistance level, is at 0.61855.
    • The closing price of 0.61898 is slightly above the pivot, suggesting a slight bullish sentiment. This indicates that the price may continue to rise if it stays above the pivot point.

  2. Support and Resistance Levels:

    • Resistance 1 (R1) is at 0.62337.
    • Support 1 (S1) is at 0.61613.

  3. Trend Observation:

    • The close near the high indicates bullish momentum.
    • If the price remains above the pivot, it could test the first resistance level at 0.62337.

Suggested Entry Points:

  • Buy Entry Point:
    If the price stays above the pivot point (0.61855), consider entering a buy position around 0.61900 to 0.62000, aiming for the first resistance level (0.62337).

  • Sell Entry Point:
    If the price drops below the pivot point (0.61855), consider entering a sell position around 0.61800 to 0.61700, aiming for the first support level (0.61613).

  • The market shows a slight bullish tendency with the close above the pivot point.
  • Watch for price movements around the pivot and resistance level to gauge the next direction.

 

Disclaimer: This content is for informational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making any trading decisions.

Crude Oil Trading Strategy: Daily Analysis

Crude Oil Daily Report

Previous day market moments and current day pivot point

Commodity: Crude Oil
High: 77.91
Low: 76.49
Close: 76.83
Pivot: 77.08

Key Insights:

  1. Pivot Point Analysis:

    • The pivot point, acting as a potential support or resistance level, is at 77.08.
    • The closing price of 76.83 is below the pivot, suggesting a bearish sentiment. This indicates that the price may face resistance if it attempts to rise above the pivot point.

  2. Support and Resistance Levels:

    • Resistance 1 (R1) is at 77.76.
    • Support 1 (S1) is at 76.15.

  3. Trend Observation:

    • The close near the low indicates bearish momentum.
    • If the price remains below the pivot, it could test the first support level at 76.15.

Suggested Entry Points:

  • Buy Entry Point:
    Given the bearish sentiment, traders may look for a clear reversal pattern above the pivot point (77.08) before considering a buy position.

  • Sell Entry Point:
    If the price drops below the pivot point (77.08), consider entering a sell position around 76.80 to 76.70, aiming for the first support level (76.15).

  • The market shows a bearish tendency with the close below the pivot point.
  • Watch for price movements around the pivot and support/resistance levels to gauge the next direction.

 

 

Disclaimer: This content is for informational purposes only and should not be considered financial advice. Always perform your own research or consult with a qualified financial advisor before making any trading decisions.

 

XAU/USD Trading Strategy: Daily Analysis

XAU Daily Report

Previous day market moments and current day pivot point

Commodity: Gold (XAU)

  • High: 2676.11
  • Low: 2660.62
  • Close: 2671.15
  • Pivot: 2676.73

Key Insights:

Pivot Point Analysis:

  • The pivot point is 2676.73, acting as a key level of support or resistance.
  • Since the close (2671.15) is below the pivot, this suggests a bearish sentiment in the market. If the price attempts to rise, it may face resistance around the pivot point.

Support and Resistance Levels:

  • Resistance 1 (R1): 2676.11
  • Support 1 (S1): 2660.62

Trend Observation:

  • The close near the low indicates a bearish momentum, with prices likely to face further downward pressure.
  • If the price stays below the pivot point (2676.73), it could test the first support level at 2660.62.

Suggested Entry Points:

Buy Entry Point:

  • Traders may consider looking for a reversal pattern above the pivot (2676.73) before entering a buy position, signaling a potential trend reversal.

Sell Entry Point:

  • If the price remains below the pivot (2676.73), consider entering a sell position around 2671.00 to 2669.00, targeting the first support level at 2660.62.
  • The market shows bearish tendencies with the close below the pivot point.
  • Watch for price action around the pivot and support/resistance levels for possible trade setups.

 

Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always conduct your own research or consult with a financial advisor before making any trading decisions.

Dow Jones Trading Strategy: Daily Analysis

DOW JONES Daily Report

PREVIOUS DAY MARKET MOMENTS AND CURRENT DAY PIVOT POINT

Index: Dow Jones Industrial Average (DJIA)
High: 42,296.55
Low: 42,142.12
Close: 42,335.63
Pivot: 42,356.55

Key Insights:

Pivot Point Analysis:

  • The pivot point at 42,356.55 is an important level, acting as a potential support or resistance.
  • Since the close is slightly below the pivot at 42,335.63, it indicates a mildly bearish sentiment in the market. If the index attempts to rise, it may face resistance around the pivot point.

Support and Resistance Levels:

  • Resistance 1 (R1): 42,296.55
  • Support 1 (S1): 42,142.12

Trend Observation:

  • The close near the low suggests a bearish momentum, with the index likely to face downward pressure.
  • If the price stays below the pivot (42,356.55), it could test the first support level at 42,142.12.

Suggested Entry Points:

  • Buy Entry Point: Look for a reversal pattern above the pivot (42,356.55) for a possible trend reversal, signaling a potential buy position.

  • Sell Entry Point: Consider entering a sell position between 42,335.00 and 42,325.00, especially if the index remains below the pivot, targeting the first support level at 42,142.12.

The market is showing a mildly bearish trend with the close below the pivot. Watch for price action around the pivot and support/resistance levels for potential trade setups.

 

Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always conduct your own research or consult with a financial advisor before making any trading decisions.

————————————————————————————————————————————————————————————————————————————-

Disclaimer: This content is for informational purposes only and should not be considered as financial advice. Always perform your own research or consult a financial advisor before making any trading decisions.

Disclaimer: The figures provided are based on current technical analysis and should not be considered financial advice. Always seek guidance from a professional financial advisor before engaging in forex trading.

Notice: The data presented is derived from technical analysis and does not constitute financial advice. For those trading in forex, consulting a qualified financial advisor prior to making investment decisions is strongly recommended.

Caution: The information above reflects ongoing technical analysis and should not be interpreted as financial advice. Forex trading involves high volatility, and without proper knowledge, you risk losing all your capital. It is essential to consult with a financial advisor before investing.

Advisory: The insights shared are the result of technical analysis and are not intended as financial advice. Forex traders should seek advice from professional financial advisors before making any investment decisions. Remember, the forex market is highly volatile, and trading without adequate knowledge can lead to significant losses.

Important: The analysis provided is for informational purposes only and should not be seen as financial advice. Forex trading carries substantial risks, and it is advisable to consult financial advisors before proceeding with any investments. This content is intended solely for Wealth Management Education purposes.