Daily Market AnalysisThe Daily Market Analysis that was posted for October 12, 2015 (by 6am) and is made available to all clients that have purchased the Gold, Silver, Platinum or Diamond package is below.  As you can see, the daily market analysis was on target as the Magenta Peaks did come in.

The Daily Market Analysis analyzes what will likely happen in the markets for that particular day.  The analysis is based on the ADX indicator, Trend Average Trend Range indicator, and Directional Volume indicator.

Abbreviations: CD = Congestion Dot; ATR = Average True Range Stop; MP = ADX Magenta Peak; RB = Reversal Bar; WB = Wide Bar

Daily Market Analysis – EURJPY

  • 1440
    • Reaching up for CD at 137.38
  • 720
    • Broke thru CD and moving up
  • 180
    • Reaching up for next level of resistance at 137.08
  • 45
    • Up

Analysis:

Only longs unless MP come in on 45 minute.


Daily Market Analysis – EURUSD

  • 1440
    • Flipped ATR and moving above all resistance
  • 720
    • Broke CD and moving up
  • 180
    • Moving up but ADX is at 70 so use caution as it is overbought.
  • 45
    • Moving up

Analysis:

Potential long but watch the 180 for divergence or MP.


Daily Market Analysis – GBPJPY:

  • 1440
    • At ATR
  • 720
    • CD above price at 185.05; ATR at 182.72
  • 180
    • Struggling at prior CDs at 184.40 and 184.64
  • 45
    • Went to CD at 184.57 on diverging buying volume now checking for sellers

Analysis:

If sellers diverging at ATR (184.13) then potential for long. If sellers come in strong, then potential short off 3 minute (MP will form).


Daily Market Analysis – USDJPY

  • 1440
    • Moving sideways
  • 720
    • Moving sideways
  • 180
    • Close to ATR at 120.03
  • 45
    • Formed Congestion Zone to downside. ATR at 120.24 and CD at 120.07 (Pivot Level)

Analysis:

No Trade Setups – conflicting information between 180 and 45 with support on both at 120.07 and 120.03.


Daily Market Analysis – Crude:

  • 1440
    • Broke through resistance at Monthly Resistance area
  • 720
  • 180
    • Up with buying divergence. ADX at 60.61
  • 45
    • MP completed retracement.

Analysis:

Shorts if 180 MP comes in. Has retraced to 12 minute and divergence is starting to form but bar is not complete.


Daily Market Analysis – Gold

  • 1440
    • At monthly resistance area – moving up otherwise.
  • 720
    • At monthly resistance area – moving up and ADX at 59
  • 180
    • Retraced to within about 15 ticks of ATR and moving up slowly.
  • 45
    • Congestion Zone to upside with ATR at 49.74 and CD at 50.40 (near R1).

Analysis:

No sellers or buyers coming in at moment. See if retest of ATR with sellers diverging. If so, longs only. Otherwise, it would need to flip ATR and retest for shorts.


Daily Market Analysis – Nasdaq e-Mini

  • 1440
    • Closed above resistance area with CD at 4450
  • 720
    • Closed above resistance area and new resistance area at 4400. .
  • 180
    • Closed above resistance area, should act as support now.
  • 45
    • Tested ATR with no sellers coming in.

Analysis:

Longs only unless ATR is flipped on 45 minute chart.


Daily Market Analysis – Mini Dow

  • 1440
    • At CD on 1440 at 16954
  • 720
    • Close to daily resistance area with very narrow range bars.
  • 180
    • Close to the daily resistance area and moving up slowly
  • 45
    • Tested ATR and it held. No buyers or sellers at this point.

Analysis:

Only longs unless the ATR is flipped and retested.