H4 chart of the USD/CAD Forex Pair , showing a nice falling wedge formation:

What is happening with the Loonie exchange rate? This is what we are going to tell you now! Below you will find the H4 chart of the USD/CAD Forex Pair, showing a nice falling wedge formation:

    

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As you see, in Friday the USD/CAD price broke the blue falling wedge formation in bullish direction. The breakout is visualized with the red circle on the image. Now the Loonie is probably facing a new bullish attitude.

Since we have a falling wedge chart pattern during a bearish trend, we expect an increase of the price equal to the size of the formation. This is shown with the black arrows on the image above.

The USD/CAD Forex exchange rate is currently situated around 1.4053 CAD for one USD. If the Price starts a movement after the falling wedge chart figure, we might see the price reaching  a weekly high around 1.4216.

Maybe it is time to start thinking long now?

During the overlap with the London session we expect an important inflation

New York Session

During the overlap with the London session we expect an important inflation-related release from Germany and more PMI from the USA:

1. German CPI (MoM) (Dec) | Germany
2. Manufacturing PMI (Dec) | United States
3. ISM Manufacturing Employment (Dec) | United States
4. ISM Manufacturing PMI (Dec) | United States

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‪#‎Crude_Oil‬ Tuesday :The week’s first oil-related macroeconomic release is:

‪#‎API‬ Weekly ‪#‎Crude_Oil_Stock‬
The American Petroleum Institute (API) reports inventory levels of US crude oil, gasoline and distillates stocks on a weekly basis. The figure shows how much oil and product is available in storage.The API Weekly Crude Oil Stock indicator gives an overview of US petroleum demand. Higher stock implies weaker demand or oversupply and it is bearish for crude prices, while lower stock implies higher demand and it is bullish for oil prices. While it is nearly impossible to predict the actual reading of the release, the event can be used for the timing component of a trading strategy for the instrument.
For More Detail pm Me.

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

OVERVIEW :

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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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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FOREX-Dollar edges lower ahead of this week's payrolls, China survey

• 
  
  
  
  
  
  USD May Consolidate Before Pushing Higher
• USDJPY 120.32 with a general USD+ sentiment so far as Europe gets underway.
• USD/JPY is poised for a big break USD/JPY finished last week strong with a 75 pip rally in the final six hours of trading.
• European Factors to Watch-Futures fall, Spain in focus after Catalan result.
• FOREX-Dollar edges lower ahead of this week's payrolls, China survey
• EM ASIA FX-Baht, peso edge higher; ringgit slips
• Oil prices fall on slowing global economic growth outlook
• Japan leading index CI July final 105.0 vs 104.9 prev
• Option expiries 10am NY cut today 28 Sept
• Report: China expected to unveil new growth measures. More rate cuts coming
• Chinese August industrial profits -8.8% y/y vs -2.9% prior
• Eurostoxx 50 futures down 1.2% in early European trading

• Softer sentiment as Europe gets underway

DAX futures -1.2%

CAC40 -1.0%

FTSE -0.7%

Bund futures up 28 at 155.71

Nikkei 225 closes down -1.32% at 17,645.11

• A steady session after early dip

-235.40

open 17811.12

high 17886.49

low 17562.80

USDJPY 120.26

Australia's S&P/ASX200 closes up +1.24% at 5104.60

• Switzerland opens investigation of precious metals manipulation

-those banks include UBS, Deutsche, Julius Baer, HSBC, Barclays, Morgan Stanley, Mitsui

suspicion relates to possible co-ordination of prices, namely bid/ask spreads

expects resolution in probe some time in 2016/2017

• Mr Yawnfest speaking in Osaka and delivering the same old drivel price trend is improving

1. will adjust policy if there are changes in price trend
2. sees reaching 2% price target in around H1 2016
3. further momentum needed to achieve 2% target
4. BOJ easing is exerting intended effect
5. rehang 2% target could come earlier or later depending on oil price

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AUD/USD continued its fall and hit the round number

AUD/USD continued its fall and hit the round number. It actually dipped below the 70 cent number, but the break is far from being confirmed.

Will it be carried lower by global gloom or can it recover?

This is basically an extension of the fall seen yesterday, that was triggered by the weak Chinese data. The independent Caixin manufacturing PMI for September deteriorated to a new low: 47 points, the lowest since the crisis.

In Australia we didn’t have much to trigger this. Yesterday’s CB Leading Index came out at +0.3% and the next piece of meaningful news comes only next week. Nevertheless, weakness in commodity prices and commodity currencies is affecting the Aussie.

The fall so far only reached 0.6988. A confirmation is still awaited. The next level on the downside is the round 0.69. A lot depends on the global mood.

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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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$AUDUSD Looking Further Bullish On Charts !

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SUMMARY:

The major trend of AUD/USD is bearish, but from last few days prices are not sustaining at lower levels. The pair is taking resistance from the psychological level of 0.7830 consolidating & gaining strength to break it upside. Today if the pair breaks 0.7831 & managed to sustain above it, then we can expect it to test the level of 0.7876/ 0.7910 in a day or two.

Prices are taking support of 30 SMA & 200 SMA. RSI is also sustaining in buying territory supporting upside movement in the pair. MACD line has recently break the zero line,indicating the up trend in the market.

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AUD/USD ( HOURLY )

CHARTS

STRATEGY :- 

AUD/USD is looking further bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.

PIVOT POINTS:

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1208	1.1264	1.1338	1.1394	1.1468	1.1524	1.1598
GBP/USD	1.5222	1.5268	1.5311	1.5357	1.5400	1.5446	1.5489
USD/JPY	117.27	117.74	118.50	118.97	119.73	120.20	120.96
USD/CHF	0.9222	0.9254	0.9312	0.9344	0.9402	0.9434	0.9492
AUD/USD	0.7681	0.7713	0.7767	0.7799	0.7853	0.7885	0.7939
EUR/GBP	0.7311	0.7341	0.7387	0.7417	0.7463	0.7493	0.7539
USD/CAD	1.2219	1.2289	1.2339	1.2409	1.2459	1.2529	1.2579
NZD/USD	0.7420	0.7450	0.7495	0.7525	0.7570	0.7600	0.7645

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$AUDCAD Looking Weak On Charts !

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SUMMARY :- 

The major trend of AUD/CAD is sideways, but from last few days prices are trading in consolidation only. In its hourly chart prices are near the support and If the pair breaks the support of 0.9652 then we can expect it to test the level of 0.9620 in today's session. 

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AUD/CAD ( HOURLY )

$AUDCAD CHARTS

STRATEGY:- 

For Today AUD/CAD is looking weak on chart. We can expect negative movement for few upcoming session. One can go for sell on rise strategy for this pair for intra day  positions. 

PIVOT POINTS :-

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1377	1.1383	1.1390	1.1396	1.1403	1.1409	1.1416
GBP/USD	1.5356	1.5375	1.5389	1.5408	1.5422	1.5441	1.5455
USD/JPY	118.15	118.30	118.47	118.62	118.78	118.94	119.10
USD/CHF	0.9298	0.9306	0.9312	0.9320	0.9326	0.9334	0.9340
AUD/USD	0.7736	0.7747	0.7756	0.7767	0.7776	0.7787	0.7796
EUR/GBP	0.7376	0.7382	0.7391	0.7397	0.7406	0.7412	0.7421
USD/CAD	1.2429	1.2436	1.2445	1.2452	1.2461	1.2468	1.2477
NZD/USD	0.7454	0.7462	0.7470	0.7478	0.7486	0.7494	0.7502

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$GBPUSD Looking Weak On Charts !

$GBPUSD Signals

SUMMARY :- 

The secondry trend of GBP/USD is bearish, the pair is sustaining on the rising trendline & consolidating with a negative bias. 30 DMA is also providing resistance to the prices. If the pair sustains below 1.5200 levels, it can come down to the levels of 1.5165/1.5140. MACD is successfully sustaining below the zero line indicating the bearish sentiment in the market.

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$GBPUSD HOURLY

$GBPUSD Charts

STRATEGY:- 

For Today GBP/USD is looking weak on chart. We can expect downside movement for few upcoming session. 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	1.1220	1.1249	1.1291	1.1320	1.1362	1.1391	1.1433
GBP/USD	1.5118	1.5167	1.5203	1.5252	1.5288	1.5337	1.5373
USD/JPY	118.42	118.84	119.66	120.08	120.90	121.32	122.14
USD/CHF	0.9162	0.9193	0.9239	0.9270	0.9316	0.9347	0.9393
AUD/USD	0.7571	0.7631	0.7675	0.7735	0.7779	0.7839	0.7883
EUR/GBP	0.7331	0.7357	0.7398	0.7424	0.7465	0.7491	0.7532
USD/CAD	1.2436	1.2502	1.2568	1.2634	1.2700	1.2766	1.2832
NZD/USD	0.7219	0.7282	0.7323	0.7386	0.7427	0.7490	0.7531

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