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Showing posts with label Currency. Show all posts
Showing posts with label Currency. Show all posts

Wednesday 16 December 2015

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Wednesday 9 December 2015

Crude oil price provided more bearish bias yesterday to record new bottom level that reached $36.62 level.


Comex Market Updates : Crude oil price provided more bearish bias yesterday to record new bottom level that reached $36.62 level.


Technical - Levels






Crude oil price provided more bearish bias yesterday to record new bottom level that reached $36.62 level. The fact that market broke down below there indicate that market are continue going to lower. We will keep our main bearish trend expectation, supported by the negative pressure that comes from EMA50. Momentum of MACD (moving average convergence divergence) still generating a sell signal. On its 4 hourly chart, Resistance is seen near the SMA20 at $39.00, while support is seen near the at $35 level. Fundamentally oil market oversupplied, reluctance by the OPEC nations to cut its oil output, rising inventories in the US, warmer than normal weather in the US will result in lower demand for crude and its variants. Hence, oil prices will trade lower in today’s session. 
                                           
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Wednesday 28 October 2015

GBPUSD is looking bearish on charts


Pivot Points


S3
S2
S1
PIVOT
R1
R2
R3
EUR/USD
1.0975
1.1002
1.1025
1.1052
1.1075
1.1102
1.1125
GBP/USD
1.5184
1.5232
1.5264
1.5312
1.5344
1.5392
1.5424
USD/JPY
119.06
119.60
120.03
120.57
121.00
121.54
121.97
USD/CHF
0.9739
0.9770
0.9815
0.9846
0.9891
0.9922
0.9967
AUD/USD
0.7071
0.7123
0.7158
0.7210
0.7245
0.7297
0.7332
EUR/GBP
0.7161
0.7175
0.7199
0.7213
0.7237
0.7251
0.7275
USD/CAD
1.3059
1.3104
1.3185
1.3230
1.3311
1.3356
1.3437
NZD/USD
0.6673
0.6713
0.6739
0.6779
0.6805
0.6845
0.6871




SUMMARY:
The secondary trend of GBPUSD is sideways on charts. In its 4 hourly chart, the pair is sustaining above its rising trend line and is likely to give break out at downside. It is not sustaining at higher levels and consolidating with strong negative bias to show downside movement in the market. Its 30 and 200 DMA are also supporting the upcoming bearish trend in the pair. It is having an important support at the level of 1.5280. If it breaks its support level and sustains below it then we can expect it to show further bearish movement in the pair.
 
INDICATORS:-
MACD is sustaining in selling territory supporting the upcoming bearish trend in the pair.
RSI is also sustaining near the selling territory indicating the upcoming bearish trend in the pair.

STRATEGY: GBPUSD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

Monday 12 October 2015

Crude oil prices rose by around 9 percent last week.




Today's Chart: CRUDEOIL 



Overview :

Crude oil prices rose by around 9 percent  last week. After hitting the psychological level of $50 and remain stable above the EMA50. Support is seen near a  vertical down ward trend line and resistance level  at $49.03, while resistance is seen near a EMA200  level at $51.94. Expected trading range for today $49.03 support level and $51.94 resistance level. On an intra day basis, we expect the positive momentum to continue the short term bearish trend. On the upside resistance level at $50.11, if market break this resistance level upside breakout is expected with potential target of $51.54






R2
R1
S1
S2
Gold
1186
1171
1159
1149
SILVER
16.24
16.11
15.73
15.52
CRUDE OIL
53.17
51.14
47.45
45.67
COPPER
2.4693
2.4419
2.3863
2.3507
NATURAL GAS
2.614
2.564
2.492
2.453
PLATINUM
1003
996
976
965
PALLADIUM
742
721
700
683