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Signals by Capital Street FX

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Re: Signals by Capital Street FX

Postby CSFX.Support » Wed Oct 19, 2016 7:09 pm

Oil Rallies To Multi-month Peak As U.S Crude Supplies Fall Unexpectedly

Oil prices rallied on Wednesday, after the Energy Information Administration reported a surprise drop in crude stockpiles. U.S West Texas Intermediate crude reached 16-month high at $51.92 per barrel following government data that showed domestic crude supplies dropped by 5.2 million barrels in the week ended October 14th.

This is the sixth decline in the last seven weeks. The large draw in U.S. crude stocks was also supported by a decline in imports. U.S. imports were reported to fall 954,000 barrels a day from a week earlier.

Since the start of September, U.S. crude-oil stocks have dropped 26.5 million barrels.

WTI Trade suggestion
Buy Limit at 51.60, Take profit at 51.90, Stop loss at 51.40

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Re: Signals by Capital Street FX

Postby CSFX.Support » Thu Oct 20, 2016 10:42 am

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Daily Report on October 20, 2016



Asian equities advanced along with the Mexican peso on the back of the third and final U.S presidential debate which was widely considered as another victory for the Democrat nominee Hillary Clinton. The latest debate between Clinton and her rival, Republican Donald Trump, did not move the financial markets as much as the previous two direct debates because there was nothing that could significantly change the prospects of Clinton’s winning the election in November.

Crude prices were almost unchanged on Thursday after surging vigorously on Wednesday due to an unexpected drop in American stockpiles. Official data by the U.S Energy Information Administration on Wednesday showed U.S. supplies dropped by 5.25 million barrels last week to the lowest level since January. Analysts had forecast an increase.

The Australian dollar dropped versus all major currencies after jobs data showed an unexpected decline in the labour market. In early Asian trading hours, the Australian Bureau of Statistics reported that job creation fell by 9,800 in Australia in September, completely contrasting with forecasts by economists which had called for an increase of 15,200 new jobs added last month.

The jobless rate fell to 5.6% from a revised 5.7% in August as a result of the fact that fewer people participated in the labor force. According to the report, Australia’s participation rate for September dropped from 64.7% to 64.5%, the lowest level in almost two years.

The Euro also hovered near its weakest since July 25th ahead of the European Central Bank policy meeting scheduled later today. Although no changes are expected to the ECB’s interest rates, markets will looking out for clues regarding the future plans for the central bank’s quantitative-easing program.



Technicals

AUDUSD



Fig: AUDUSD H4 Technical Chart

AUDUSD had broken through the resistance at 0.76880 before reaching over-two-month highs at 0.77339 earlier this week. Since then the pair has been falling back and the decline has pushed the price action to cross below the short-term MA20. As can be seen from the ADX chart, the strength of the previous rally has been weakening and the –DI line has crossed the +DI line, which suggests a reversal into a downtrend. The pair may find some support at 23.6% Fibo level.

Trade suggestion

Sell Stop at 0.76500, Take profit at 0.76150, Stop loss at 0.76900



USDCAD



Fig: USDCAD H4 Technical Chart

USDCAD broke though the support at 1.30500 yesterday to re-attempt a test of the one-month low at 1.30048. However, the pair soon regained its bullish momentum and reversed higher from this support zone. The USDCAD has slid around 300 pips from as high as 1.33062 logged one week ago. As a result bears seem exhausted and could not sustain the strength to push the market through the 1.30000 handle. Bulls consequently stepped in to push the market back into bullish territory.

Trade suggestion

Buy Stop at 1.31700, Take profit at 1.32100, Stop loss 1.31300



AUDNZD



Fig: AUDNZD H4 Technical Chart

AUDNZD dropped through the support at the 38.2% level yesterday before a mild recovery. However the market has broken through this support again today. The pair has moved back and forth around this level for two days before decisively leaving this handle behind. As can be observed from the chart, the MA20 has converged with the MA50 from above, which indicates more declines to come.

Trade suggestion

Sell Stop at 1.05700, Take profit at 1.05000, Stop loss 1.06250



Brent



Fig: BRENT H4 Technical Chart

Brent’s price action penetrated the two moving averages from below yesterday, after having been restrained below these two dynamic resistance points since last week. The market has pulled back a little bit as a result of profit taking, but is expected to resume the uptrend soon as the prices are approaching the support zone near the two MAs again and may turn these MAs into new zones of solid support.

Trade suggestion

Buy Limit at 52.00, Take profit at 53.00, Stop loss 51.20



Natural Gas



Fig: Natural Gas H4 Technical Chart

Natural fell sharply to as low as 3.142, breaching the 38.2% Fibonacci retracement level at 3.188 before pulling back. The possibility for the price to get back above this 38.2% level seems low as the market is still in the bearish zone. Coupled with the two MAs placed above the price action, the 38.2% handle is expected to be a strong zone of resistance that may push the price to reverse lower.

Trade suggestion

Sell Stop at 3.160, Take profit at 3.070, Stop loss at 3.200



DOW JONES



Fig: DOW JONES H4 Technical Chart

U.S Dow Jones futures closed higher on Thursday but have retreated in overnight trading. The index had to give up its gains as it failed to break through resistance marked by the convergence between the upward sloping trendline that connects higher lows in September and higher highs since the start of this month. The recent rally pushed the price to a retest of the one-week highs at 18244.00 and pushed the price action to cross above the two MAs. Alongside the support from MAs, higher lows created in the price action suggest a coming breakout through the trendlines.

Trade suggestion

Buy Stop at 18250.00, Take profit at 18330.00, Stop loss at 18174.00

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Re: Signals by Capital Street FX

Postby CSFX.Support » Thu Oct 20, 2016 10:48 am

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Another Win for Clinton, Another Rally In Mexican Peso – Short Positions on USDMXN

The Mexican peso inched up against the U.S dollar after the conclusion of the third and final debate between Democrat Hillary Clinton and Republican Donald Trump. Since the very first debate between the two presidential nominees, which was held on September 26th, the currency pair USDMXN has dropped by more than 7.4% (the peso has been strengthening).

All three direct debates have pointed to the possibility that Clinton will win the election scheduled on November 8th. As a result, the Mexican peso, which is sensitive to Trump’s fortunes, has rallied to its highest level since September 8th to hit 18.44760 per U.S dollar. Trump has previously pledged to renegotiate or even end the two-decade-old North American Free Trade Agreement, which could spell trouble for the Mexican economy as the U.S is its biggest single export market.

Mexican Peso Trade suggestion
Sell Limit at 18.51000, Stop loss at 18.60000, Take profit at 18.25000

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Re: Signals by Capital Street FX

Postby CSFX.Support » Thu Oct 20, 2016 6:15 pm

Airline and Energy Shares Limit Losses on FTSE 100 – 7000.00 Level Seems A Good Support

U.K shares pared earlier losses in early trade on Thursday after a disappointing reading on domestic retail sales weighed on British Pound. While housebuilders were still under pressures from concerns of a so-called hard Brexit, shares of energy companies continued to rally despite a retreat in oil prices.

The Office for National Statistics reported U.K retail sales were unchanged in September from August, which were below expectations of analyst who had forecast a 0.2% increase last month. After a strong summer, retail sales stagnated as soaring prices and unusual warm weather hit demand for clothing and footwear.

British consumers may come under more price pressures in the coming months as a weak pound is stocking inflation by causing imports goods to be more expensive. According to the ONS on Tuesday, U.K inflation rose 1.0% in September – the highest monthly accelerating pace since November 2014. Limited wage growth is another factor that may limit consumer spending, one of the U.K.’s key engines of growth. Figures on Wednesday showed real wages growth hit its weakest level since the end of 2015.

Oil prices pulled back on Thursday after soaring strongly yesterday owing to an unexpectedly 5.25-million-barrel drop in American stockpiles. However, bullish sentiment remained and fueled shares of London-listed energy companies. Shares of Royal Dutch Shell PLC gained 0.58%, while BP PLC added 0.08%.

Airline shares rose after German Deutsche Lufthansa AG raised its full-year earnings forecast. The Germany’s largest airline said late Wednesday that it forecast adjusted earnings before interest and taxes for 2016 to be roughly on par with last year’s €1.8 billion ($2 billion) level. U.K’s Easyjet added 2.00% and British Airways parent International Consolidated Airlines Group SA gained 2.44%.

Among issues trading in the red, housebuilders among the biggest decliners. Shares of Taylor Wimpey PLC dropped 1.86%, Barratt Developments PLC fell 1.9% and Persimmon PLC PSN, -1.12% shed 1.12%. Building-products supplier Travis Perkins PLC prolonged its slide by giving up another 0.49%, after losing 4.4% on Wednesday as the company issued a profit warning.


FTSE 100 index has been trading in a narrow range since Tuesday, which left RSI moving almost in a horizontal line and ADX dipping below 20 – the level divides a market that has a clear trend (or is forming a trend) from a market that is moving sideways. However, it seems like the index is being supported by two MAs placed below the price action which could be levels for a reversal into uptrend.

FTSE Trade suggestion
Buy Limit at 7010.00, Take profit at 7035.00, Stop loss at 6995.00

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Re: Signals by Capital Street FX

Postby CSFX.Support » Thu Oct 20, 2016 6:26 pm

Silver Signal by Capital Street FX

From GMT 17:45 20/10/2016
Till GMT 21:00 20/10/2016

Sell at 17.500
Take profit at 17.420
Stop loss at 17.540
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Re: Signals by Capital Street FX

Postby CSFX.Support » Fri Oct 21, 2016 10:22 am

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Daily Report on October 21, 2016



Asian shares trimmed its three-day streak of gains as investors digested the last round of earnings reports, while a firmer dollar weighed on crude prices. Yesterday, U.S stocks finished lower after a choppy session also because of a sharp drop in telecoms which resulted from disappointing third-quarter performances of big names such as Verizon and AT&T, and falling oil prices.

The greenback held near seven-month highs on Friday, looking set to end the week higher against a basket of six major currencies, as euro plunged sharply following comments by the European Central Bank President Mario Draghi that the quantitative easing program would not end before March 2017. President Draghi stated that the central bank had not discuss about tapering its 1.7 trillion euro ($1.86 trillion) asset-buying program, regarding a slow rise in inflation and risks from foreign weak demand.

Moving on to the U.S, data on Thursday showed that the country’s home sales swung back into monthly expansion in September after two straight months of declines. Report from the National Association of Realtors indicated existing home sales in the U.S surged to 5.47 million last month from a downwardly revised 5.30 million in August.

Out in Japan, Bank of Japan Governor Haruhiko Kuroda said the central bank may push back the timing for the economy to hit the 2% inflation target at November’s rate review. Speaking in parliament on Friday, Kuroda said that given recent weakness in core consumer prices, the BOJ may have to cut its inflation forecast at the next meeting, but he also expected an acceleration in Japanese economy next fiscal year due to brightening prospects for global growth.



Technicals

USDCHF



Fig: USDCHF H4 Technical Chart

USDCHF has retested nearly five-month high at 0.99550 and is approaching the 61.8% Fibonacci retracement at 0.99886. ADX is surging, with wide gap between the +DI and –DI line. Coupled with the RSI index which is pointing upwards, two MAs moving below the price action are supporting for the uptrend.

Trade suggestion

Buy Stop at 0.99550, take profit at 0.99880, stop loss at 0.99200



CADJPY



Fig: CADJPY H4 Technical Chart

CADJPY has been on a steady downtrend since the pair crawled back from over-one-month high at 79.648. The pair has fallen back in the trading range from 78.000 and 78.870. The pair is likely to hit the lower boundary at 78.000 but it remains uncertain for the price to break below that level as the market has neared the oversold zone.

Trade suggestion

Sell Stop at 78.310, take profit at 78.000, stop loss at 78.500



AUDNZD



Fig: AUDNZD H4 Technical Chart

AUDNZD has risen from the lowest since October 10th. The price action has penetrated both the short-term and long-term MAs, consolidating the uptrend. The Aussie has surpassed the 38.2% level and RSI index has just confirmed upbeat moves by soaring above the 50 line.

Trade suggestion

Buy Stop at 1.06640, take profit at 1.06940, stop loss at 1.06320



GOLD



Fig: GOLD H4 Technical Chart

The level at 1275.00 continued to be a tough handle to the precious metal. Gold has pulled back from this resistance yesterday and also reversed lower after hitting this level on October 5th. While the price action has crossed over the short-term MA20, which is a signal suggesting a reversal into downtrend, the RSI index has confirmed the down moves by falling back into the bearish territory.

Trade suggestion

Sell Stop at 1261.00, take profit at 1256.50, stop loss at 1265.50



BRENT



Fig: BRENT H4 Technical Chart

Brent bounced back against the support at 51.30 one more time after retreating from as high as 53.12 logged on Wednesday. The level at 51.30 has been a firm support for the commodity for more than 2 weeks. The crude price is expected to soar higher as buyers stepped in to buy the dips at psychological support.

Trade suggestion

Buy Stop at 51.45, take profit at 52.10, stop loss at 51.10



DAX



Fig: DAX 30 H4 Technical Chart

German Dax 30 has breached out of the range between the support at 10600.00 and the resistance at 10700.000 and seems to keep on surging. The index fell to as low as 106592.70 yesterday but was supported by the short-term MA20 to reverse higher. RSI is still remaining in the bullish zone and pointing upwards, indicating an overwhelming dominant bull in the market.

Trade suggestion

Buy Stop at 10725.00, take profit at 10770.00, stop loss at 10690.00
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Re: Signals by Capital Street FX

Postby CSFX.Support » Fri Oct 21, 2016 10:32 am

Copper To Close The Week Lower As Demand Weakens In A Still Supply Market

Copper pulled back on Friday after hitting the lowest level since September 12th at $2.0845 per pound. Nevertheless, the metal is set for a third weekly fall amidst concerns over cooling demand from China –the world’s biggest copper importer.

China has been gearing up on tightening controls on its red-hot real estate market. Housing market is a key consumer of copper in domestically large electrical goods such as refrigerators and washing machines, and power supply. Additionally, China’s disappointing industrial production figure released on Wednesday also exerted pressures on the base metal.

On the supply side, the International Copper Study Group (ICSG) on Thursday reported a 133,000-ton surplus in the global refined copper market in July, compared with a 106,000-ton deficit in June.

Copper Trade suggestion
Sell Stop at 2.0940, take profit at 2.0870, stop loss at 2.0990

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Re: Signals by Capital Street FX

Postby CSFX.Support » Fri Oct 21, 2016 7:21 pm

AUD/USD signal by Capital Street FX

From GMT 06:20 20/10/2016
Till GMT 21:00 21/10/2016

Sell at 0.75930
Take profit at 0.75800
Stop loss at 0.76100
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Re: Signals by Capital Street FX

Postby CSFX.Support » Fri Oct 21, 2016 7:30 pm

Microsoft Jumps On Upbeat Earnings Results – But Be Careful Traders

Shares of Microsoft rallied to the level they have not seen since the heyday in 1999 in after-hours trading on Thursday. The stock soared about 6% after the software giant reported quarterly revenue that beat Wall Street’s expectations by more than 12%.

Microsoft posted $22.33 billion in revenue for its first quarter in fiscal 2017, up 3.1% from the same quarter last year. The result topped analysts’ consensus of $21.69 billion.

Revenue generated from the Windows products was flat as the PC market continued to stagnate, while Lumia smartphone sales also declined. Total revenue of the unit that includes Windows software and mobile business dropped 1.8% to $9.29 billion. According to market sources, Microsoft’s worldwide PC shipments fell 3.9 percent in the quarter ended Sept. 30.

Nonetheless, the technology company’s bottom line was supported strongly by the Office 365 and Azure cloud-computing services that grew at a good clip. Sales from Microsoft’s flagship cloud product Azure, which businesses can use to host their websites and data, rose 116% to $6.4 billion. Revenue from its broader “Intelligent Cloud” business also witnessed an increase of 8.3% to $6.38 billion.

While cloud technology is setting Microsoft apart from smaller rivals, it was not the only secret that stood behind Microsoft’s big profit beat. Last month, Microsoft said its board had approved a stock buyback plan of up to $40 billion. By lowering the overall outstanding share count to 7.88 billion from 8.08 billion a year ago only, Microsoft’s earnings per share were effectively boosted by 2 cents. That is the reason why the Redmond, WA-based company still registered net income of $0.76 per share, which is 6 cents higher than that in the same quarter a year ago, while its revenue did not gain considerably.


Microsoft’s shares have been trading in a range between the support at 56.08 and the resistance at 58.62 for three months. ADX index has been moving under 20 level, indicating no clear trend in the market. The prices are moving back and forth a couple of moving averages that has twisted for a while. With the rise in extended-hour trading, Microsoft stocks are going to create a wide gap up.

Trade suggestion
Sell Limit at 60.40, Take profit at 58.70, Stop loss at 61.10

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Re: Signals by Capital Street FX

Postby CSFX.Support » Mon Oct 24, 2016 11:37 am

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Daily Report on October 24, 2016

The U.S dollar edged up versus all of its major peers, reaching a fresh eight-month high against a basket of six currencies on Monday. Expectations that the U.S Federal Reserve will raise interest rate by the end of this year were further buoyed by San Francisco Fed President John Williams, whose remarks pointed to a hawkish tone. Speaking on Friday at a mortgage conference, President Williams stated that the Fed should increase rates gradually, “preferably sooner rather than later”.

According to data from the Commodity Futures Trading Commission released on Friday, speculators increased their net long position on the dollar to $18.44 billion in the week ended Oct. 18, from $14.72 billion the previous week. That was the fourth consecutive week that investors have raised their bets on the greenback, which sent the currency’s net long positions to the highest since late January.

Meanwhile, Japan’s Ministry of Finance reported on Monday that Japanese exports fell 6.9% in September from a year earlier. The rally in the Yen undermined export prices and extended the export decline for a 12th straight month. However, exports rose 4.7% in terms of volume in the year to September, thanks to Asian demand for iPhone-related parts, and car sales in Europe.

Also in Japan, Markit Flash Manufacturing PMI for October was reported to tick up to a seasonally adjusted 51.7 – the fastest pace in nine months, led by mounting new orders. The Bank of Japan will hold its policy meeting on November 1st, and is expected to make no changes to its current stimulus program.

Crude oil prices fell at the start of the new week after Iraq’s oil minister Jabar Ali al-Luaibi said on Sunday that the nation should be exempted from production cuts proposed by the Organization of Petroleum Exporting Countries. Citing the war with Islamic militants that Iraq is struggling with, as the reason, Luaibi claimed the same exemption as other OPEC-members Nigeria and Libya.



Technicals

EURAUD



Fig: EURAUD H4 Technical chart

After having swung back and forth around the 38.2% level at 1.46850 for two weeks, EURAUD eventually breached below this handle on October 10 and has been under downward pressure from the two MAs placed above the price action since then. Staying in a bearish market as indicated by the RSI chart, the pair is approaching the 50.0% retracement at 1.40994.

Trade suggestion

Sell Stop at 1.42500, Take profit at 1.40100, Stop loss at 1.43200



AUDJPY



Fig: AUDJPY H4 Technical chart

As can be observed from the chart, AUDJPY has been on a rise for almost a month. After a correction that sent the pair from three-month highs at 80.000 to as low as 78.710, the Aussie pulled back against the Japanese Yen from the upward sloping trendline that connects higher lows since September 27. The resistance at the 23.6% retracement level is within sight.

Trade suggestion

Buy Stop at 79.250, Take profit at 79.600, Stop loss at 79.000



USDCAD



Fig: USDCAD H4 Technical chart

USDCAD retreated from over-six-month highs at 1.33550 after surging sharply from as low as 1.30048 logged last Wednesday. The pair has broken the 38.2% level at 1.33111 and may turn this major Fibonacci retracement into its new support level, as the recent decline is expected to be a short correction after the market entered into the overbought zone.

Trade suggestion

Buy Limit at 1.33111, Take profit at 1.33550, Stop loss at 1.32950



GOLD



Fig: GOLD H4 Technical chart

Gold has been trading in a thin range around the 23.6% handle at 1264.73. The precious metal attempted to break below the 23.6% level but the short-term MA20 is fueling bullish momentum in the gold market. The RSI has also failed to move past the 50 line, suggesting strong bulls in the market.

Trade suggestion

Buy Stop at 1267.50, Take profit at 1275.00, Stop loss at 1262.00.



WTI



Fig: WTI H4 Technical chart

U.S crude prices are moving sideways under the 20-period moving average. The two MAs have turned into dynamic resistance after the price action crossed below them from above. As can be seen from the Stochastic chart, the %K line has penetrated the %D line from north to south, indicating a reversal into downtrend. In the event of continual downward pressure being exerted by the two MAs, WTI prices may stumble to as low as 49.35 - the lowest since October 13th.

Trade suggestion

Sell Stop at 50.55, Take profit at 49.35, Stop loss at 51.00



NASDAQ 100



Fig: NASDAQ 100 H4 Technical chart

The Nasdaq 100 index created a gap up on the market open on Monday and looks set to retest the highest level since October 18th at 4861.00. The price action has crossed through the two moving averages from below, suggesting an uptrend. With the confirmation from the RSI index that has soared to as high as 57.98, the Nasdaq 100 may face resistance at 4880.00

Trade suggestion

Buy Stop at 4861.00, Take profit at 4880.00, Stop loss at 4840.00
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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