Technical Analisis Dari FBS.com

[Syazfirul Enterprise]

American profit growth pickup might justify Wall Street surge

American companies are set to post their strongest revenue growth for two years, that could go a long way toward justifying Wall Street's record-breaking soar, as stock investors stress, who anticipate that many US companies will top expectations.

Fresh from a year-long dip in quarterly revenues, companies in the benchmark S&P 500 are supposed to report their bottom lines tacked on by 6.2% during the fourth quarter, as the latest Thomson Reuters data revealed, the strongest surge since a 7% rise in the same quarter of 2014.

By most measures, the previous quarter was a solid one for the wider American economy. One major measure of health of the manufacturing sector, the Institute for Supply Management's monthly purchasing managers' index, reached its highest level for two years, while the global economic outlook improved too.

Meanwhile, the number of fourth-quarter corporate outlooks above experts’ hopes is at the most they have been for years.

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[Syazfirul Enterprise]

AUD/USD: bulls are tested resistance

Technical levels: support – 0.7490; resistance – 0.7530/40.

Trade recommendations:

1. Sell — 0.7540; SL — 0.7560; TP1 — 0.7490; TP2 — 0.7450.

Reason: bullish Ichimoku Cloud and the rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; the market is under a strong resistance.

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[Syazfirul Enterprise]

Asian stocks are mixed with China in the lead on house prices

On Wednesday, Asian shares were mixed, with China taking a lead with house price data, backing sentiment.

Average new house prices in China's 70 key cities inched up 12.4% in December from a year earlier, dropping moderately from a 12.6% surge in November.

The Shanghai Composite Index grew 0.27%, Hong Kong's Hang Seng Index leapt 1.18%.

As for the Nikkei 225, the benchmark stood still, while the S&P/Asx 200 dived 0.46%.

Toshiba surged 2.02% right after the Nikkei financial daily disclosed that Toshiba was considering spinning off its semiconductor business and also selling a partial stake in the unit to Western Digital.

South Korea's Kospi edged down 0.21%, as the country grapples with a political scandal, which has provoked the impeachment by parliament of President Park Geun-hye and also implicated the country's largest conglomerate's chief.

Overnight, American shares were lower after the close on Tuesday because losses in the Financials, Industrials as well as Healthcare sectors brought stocks down.

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[Syazfirul Enterprise]

USD / JPY: Dolar diuji rintangan Cloud

Tahap Teknikal : sokongan - 113,80; rintangan - 114.50.

Cadangan Perdagangan:

1. Jual - 114.50; SL - 114,70; TP1 - 113,80; TP2 - 113,10.

Sebab: penurunan harga Ichimoku Cloud tetapi diapason yang mengecil; kacukan mati jatuh Tenkan-sen dan Kijun-sen; harga diuji rintangan Cloud.

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[Syazfirul Enterprise]

AUD/USD: bulls are tough with bears

On the AUD/USD daily chart, bulls managed to regain their initiative after a small rollback. Until the quotes fall below 0.75 level, the buyers will remain their control of the pair. They are determined to push the Australian dollar up towards 0.771. There is a "Shark" inverted pattern.

On the AUD/USD hourly chart, bears are trying to return to the boundaries of the rising triangle. If they fail, then a rebound from the 0.7565 level will be a signal for the formation of longs. In contrast, a break of support at 0.7535 can lead to the correction.

Recommendation: SELL 0,7535 SL 0,76 TP 0,745.

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[Syazfirul Enterprise]

Gold rises to 2-month peak as dollar dips on Trump uncertainty

On Monday, gold grew steeply during European morning trade, reaching the strongest level in around two months as the greenback sank amid uncertainty around Trump’s economic policies.

In New York, February delivery gold futures touched a session peak of $1,219.40 a troy ounce, a value not observed since November 22. Last it traded at $1,214.50, rising nearly 0.8%.

The greenback sold off after on Friday, Trump struck a protectionist tone in his inauguration speech, thus disappointing traders who hoped to hear further details on his promises of tax cuts as well as other stimulus.

Market participants will get back to the business of monitoring economic data for fresh clues on the health of the US economy in the week ahead, with Friday's advanced data for American growth in the spotlight.

A recent string of solid data backed the view that the American economy is sufficiently sturdy to warrant higher interest rates in the months ahead.

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[Syazfirul Enterprise]

USD/JPY: Dollar supported by 112.60

Technical levels: support – 112.60; resistance – 113.70.

Trade recommendations:

1. Sell — 113.70; SL — 113.90; TP1 — 112.60; TP2 — 112.30.

Reason: bearish Ichimoku Cloud; a new dead cross of Tenkan-sen and Kijun-sen; the prices are on the strong support (expected a correction) in a negative area.

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[Syazfirul Enterprise]

USD/JPY: trading in range

Technical levels: support – 113.30; resistance – 114.00, 114.40.

Trade recommendations:

1. Buy — 113.70; SL — 113.50; TP1 — 114.40; TP2 — 115.20.

Reason: bearish Ichimoku Cloud, but Senkou Span A is rising up; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are supported by Tenkan-sen in a range of Tenkan and Kijun.

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[Syazfirul Enterprise]

Japan scrambles ahead of White House visit under American pressure on trade

Japan’s scrambling in order to respond to intensifying trade pressure from American President Donald Trump, with Prime Minister Shinzo Abe intending to meet the head of Toyota Motor Corp this week as well as business lobby Keidanren planning a Trump task force.

Abe is expected to visit Washington on February 10 for negotiations with Donald Trump at which the American leader is expected to seek rapid progress toward a two-way trade deal with Japan and also discuss the automotive sector.

Ahead of those negotiations, Abe will meet with Toyota Chief Executive Akio Toyoda, as two sources revealed. One of them told that the meeting would take place on Friday. However, Chief Cabinet Secretary Yoshihide Suga denied that a gathering had been set for Friday, Toyota Motor Corp refused to comment.

In a phone call with Abe on Saturday, Donald Trump repeated his promise generate new jobs in America.

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[Syazfirul Enterprise]

GBP / USD: pergi ke Awan

Tahap Teknikal : sokongan - 1,2420, 1,2490; rintangan - 1.2530, 1.2570.

Cadangan Perdagangan:

1. Beli - 1,2490; SL - 1,2470; TP1 - 1.2530; TP2 - 1.2570.

Sebab: yakin Ichimoku Cloud; kacukan mati Tenkan-sen dan Kijun-sen; harga adalah di bawah Tenkan dan Kijun, tetapi disokong oleh Cloud.

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