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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

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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.

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

Technical- Levels

	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

Five Points which can drive markets early this week

The market hasn't made any big moves so far but a few are beginning to brew

1. Yen strength
2. GBP strength
3. Oil weakness
4. Bonds bid
5. China worries, China stimulus

The market hasn't made any big moves so far but a few are beginning to brew:
1. Yen strength
This is all about negative sentiment in stocks. USD/JPY is down 27 pips. The Nikkei finished the morning session down 1.14%, Shanghai stocks are down 0.54% and S&P 500 futures are down 0.4%. Earlier I wrote about why stock markets could fall early this week.

2. GBP strength
The pound is keeping pace with the yen, up about 20 pips. But let's put that into perspective; since the high on September 18, cable has been in a 6 day, nearly 500 pips swoon. A 20 pip bounce doesn't even qualify as a dead cat bounce. I highlighted some levels earlier.

3. Oil weakness
All else being equal, sell oil. Crude is down about 1%. Rig count numbers on Friday were bullish but a small bounce was wiped out quickly. Earlier last week, inventory numbers were bullish but a bounce was wiped out within hours and oil finished way down. At some point this year, oil storage capacity will max out and it will be dumped onto the market at any price.

4. Bonds bid
Bonds are catching a small bid, pushing 10-year US yields down 2 bps in early trading. There was talk of a China bid but it's also part of the risk aversion theme.

5. China worries, China stimulus
Two stories out of China early this week. The first is a plunge in industrial profits (negative) but the second is about fresh stimulus (potentially very positive). The second story hasn't gotten much traction yet but I think it could.


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RIP Shaikh Rashid bin Mohammed bin Rashid Al Maktoum

Mourning declared following the death of HH Sheikh Rashid bin Mohammed bin Rashid Al Maktoum

Three days of mourning have been declared following the death of HH Sheikh Rashid bin Mohammed bin Rashid Al Maktoum.

Sheikh Rashid was the eldest son of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

Al Dewan, Dubai Ruler’s Court, has declared three days mourning in Dubai, beginning today.

Shaikh Rashid was the eldest son of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Shaikh Rashid was a keen horse lover and was the owner of Zabeel Stables.

President His Highness Shaikh Khalifa Bin Zayed Al Nahyan mourned the death of Shaikh Rashid. Shaikh Khalifa expressed his heartfelt condolences and solace to Shaikh Mohammad.

Flags will fly half-mast at all government institutions in the emirate.

Sheikh Rashid was a well-known sports figure in the UAE. He participated in a number of International and local Endurance competitions winning a number of laurels for the country. His greatest achievement was winning 2 Gold medals in the 2006 Doha Asian Olympics 120 km Endurance individual mixed as well as 120 km Endurance Team Mixed events.

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Gold inches higher, but struggles to shine

Technical - Levels

	R2	R1	S1	S2
Gold	1148	1130	1109	1097
SILVER	14.96	14.75	14.44	14.23
CRUDE OIL	47.12	45.93	43.82	42.11
COPPER	2.436	2.410	2.372	2.308
NATURAL GAS	2.712	2.693	2.635	2.612
PLATINUM	1035	1002	977	967
PALLADIUM	1014	591	568	558

Overview :

Gold futures traded modestly higher Tuesday as investors looked ahead to the Federal Reserves’s policy meeting next week, which could determine the direction of the dollar and dollar-denominated commodities like gold.

Gold for December delivery was marginally higher, gaining $1, or about 0.1%, at $1,122.10 an ounce, after swinging between small gains and losses in early Tuesday action.

The precious metal has been down nine of that past 11 sessions and hasn’t drawn much of a bid in recent weeks on the expectation that the Fed may raise interest rates for the first time since 2006. Interest-bearing assets like Treasurys have diminished the appeal of gold, which doesn’t bear any interest, while anticipation of a near-term rate increase has dulled expectations for gold.

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European stocks reversed earlier losses to close higher Wednesday

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European stocks reversed earlier losses to close higher Wednesday, with worries about an economic slowdown in China offset by a strong open on Wall Street. France's CAC 40 was up by 13.76 points to 4,554.92 and Germany's DAX 30 gain 32.48 points to 10,048.05. FTSE 100 also managed to close at 6,083.31 with net gain of 24.77. US stocks ended higher on Wednesday, rebounding from two days of losses. The Dow Jones 30 gain 293.03 points to 16,351.38, while the S&P 500 and the Nasdaq 100 also gain 35.01 and 113.90 points to 1,948.86 and 4265.23 respectively. Asian markets traded on mix today. Japan’s Nikkei 225 which is only index traded on green note and up by 148.23 points to 18,243.63. Other Asian index like Hong Kong’s Hang Seng 50 Index is off today and Australia’s S&P/ASX 200 closed at negative note.

Index	Value	Net Change
Dow30	16,351.38	+293.03
S&P500	1,948.86	+35.01
NASDAQ100	4256.23	+113.9
DAX 30	10,048.05	+32.48
FTSE100	6,083.31	+24.77
CAC 40	4,554.92	+13.76
Nikkei225	18,243.63	+148.23
S&P/ASX200	5,041.50	-59.96
Hang Seng50	20,934.94	0.00

SUMMARY:

Major trend of Dow Jones 30 is bearish on daily charts. It has given upside recovery in last week trading session. It is again showing good recovery from lower level. It is likely to give northward movement in upcoming session as it has give closing below 50 DMA and trading with resistance of 200 DMA on hourly chart. On lower side it has support level of 16100. If it manages to sustain above 50 DMA and gives break out above 200 DMA then it would bring a strong confidence to reach 16700. Currently it is having resistance of 16400.

INDICATOR:-

RSI is about to cross up the 50 mark on hourly chart time frame. On ADX is likely to move up with strong accumulation on chart. ADX trading above 35 mark. If it sustain above the same then index would come in positive territory with positive DI has crossed up negative DI . 

EURCAD Is Bullish On Charts | Free Forex Signals | Currency Trading

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Today we are sharing EUR/USD Currency Trading Signals.

SUMMARY : 

The primary trend of EURCAD is bullish on charts. In its hourly chart, prices are successfully sustaining at higher levels and consolidating with strong positive bias to continue its up rally. Its 30 and 200 DMA are also providing support to the upward movement in the prices. If it crosses its resistance level of 1.3965 then we can expect it to come up to the levels of 1.3995/1.4035  in today's trading session.

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EURCAD ( Hourly ) :

EURCAD Chart Today

INDICATORS:

MACD is sustaining in buying territory, supporting the upside movement in the market.
RSI is sustaining in buying territory, supporting the upside movement in the market.

STRATEGY: 

EURCAD is looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.


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AUDUSD Is Bullish | Free Forex Signals | AUDUSD Chart Today

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Today we are sharing AUDUSD Currency Trading Signals

SUMMARY : 

The primary trend of AUDUSD is bullish on charts but from the past few trading sessions, prices are no more sustaining at higher levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give breakout at downside. 30 DMA is also supporting the further downtrend in the prices.  It is also taking support at an important level of 0.7970. Today if the pair breaks its support level & manages to sustain below it, then we can expect it to test the level of  0.7920/0.7890 in today's session.

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AUDUSD ( 30 Min )

INDICATORS:-

MACD line is also sustaining in the selling territory, indicating the bearish trend in the pair.

STRATEGY : 

AUDUSD is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

PIVOT POINTS :

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0766	1.0862	1.0997	1.1093	1.1228	1.1324	1.1459
GBP/USD	1.5169	1.5247	1.5344	1.5422	1.5519	1.5597	1.5694
USD/JPY	117.82	118.20	118.62	119.00	119.42	119.80	120.22
USD/CHF	0.9051	0.9193	0.9294	0.9436	0.9537	0.9679	0.9780
AUD/USD	0.7859	0.7916	0.7962	0.8019	0.8065	0.8122	0.8168
EUR/GBP	0.7053	0.7093	0.7151	0.7191	0.7249	0.7289	0.7347
USD/CAD	1.1818	1.1880	1.1950	1.2012	1.2082	1.2144	1.2214
NZD/USD	0.7571	0.7620	0.7654	0.7703	0.7737	0.7786	0.7820

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Weekly Forex Report : $EURAUD And $AUDCAD

Free Trading Signals & Strategies 

RECOMMENDATION : SELL

TARGET 1.3600

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EUR/AUD ( HOURLY)

$EURUSD CHARTS

SUMMARY:
The primary trend of EUR/AUD is bearish. In its hourly chart, prices are consolidating with a strong negative bias, indicating the downside movement in the prices. 30 DMA & 200 DMA are also providing resistance to the prices & supporting the further downtrend.  If it breaks the level of 1.3730 & sustains below it we can expect it to come down to the levels of 1.3660/1.3600  in next few days.

INDICATORS:
RSI is sustaining near in selling territory, supporting the upcoming down trend in the pair.
In MACD
Prices are sustaining below the zero line ,supporting the down side movement in the market

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


AUD/CAD (4 HOURLY )

RECOMMENDATION : BUY

TARGET 0.9945

FOR FREE CHARTS & SIGANLS

SUMMARY:


The major trend of AUD/CAD is bearish but from past few weeks prices are not sustaining at lower levels & consolidating near the important level of 0.9810. Prices are taking resistance  of falling trendline & consolidating with strong positive bias. If the pair breaks the important level of 0.9810 at upside then we can expect it to test the level of 0.9880/0.9945. 

INDICATORS:

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair. MACD is also sustaining above the zero line,indicating the up trend in the market.

STRATEGY:

AUD/CAD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.





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$EURCHF Is Bullish - But Not Sustaining at Higher Levels !

SIGNALS & STRATEGIES

SUMMARY : 

The secondary trend of EUR/CHF is bullish but prices are no more sustaining at higher levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. Prices are also taking support at the important level of 1.0650 Today if the pair breaks its support level & managed to sustain below it, then we can expect it to continue to trade with negative bias & test the level of  1.0570 in today's session. RSI is also sustaining in selling territory supporting downside movement in the pair. 

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EUR/CHF( 4 Hourly )

$EURCHF CHARTS 

STRATEGY : 

EUR/CHF is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.


PIVOT POINTS :

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0475	1.0583	1.0640	1.0748	1.0805	1.0913	1.0970
GBP/USD	1.4915	1.4971	1.5021	1.5077	1.5127	1.5183	1.5233
USD/JPY	119.57	120.24	120.69	121.36	121.81	122.48	122.93
USD/CHF	0.9748	0.9799	0.9898	0.9949	1.0048	1.0099	1.0198
AUD/USD	0.7472	0.7537	0.7581	0.7646	0.7690	0.7755	0.7799
EUR/GBP	0.6971	0.7030	0.7064	0.7123	0.7157	0.7216	0.7250
USD/CAD	1.2530	1.2563	1.2626	1.2659	1.2722	1.2755	1.2818
NZD/USD	0.7115	0.7182	0.7228	0.7295	0.7341	0.7408	0.7454

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