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Signals by Capital Street FX

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Re: Signals by Capital Street FX

Postby CSFX.Support » Mon Jun 12, 2017 7:15 pm

Brexit Talks Around The Corner, Sterling Extends Downward Rally Amidst Rising Political Turmoil

British Pound slumped against all of its peers on Monday, extending its losses on Friday further as the currency was weighed down by concerns over the next leader of the country.

The pair GBPUSD lost more than 0.5 percent to trade around $1.2681, heading towards the lowest level since April 18th reached last Friday. Sterling lost ground amidst political turmoil for U.K. Prime Minister Theresa May. The PM left her Conservative Party without control of the House of Commons after Thursday’s snap election as it failed to win the minimum 326 seats needed to hold a parliamentary majority.

A hung parliament left investors cautious about the U.K.’s path on Brexit negotiations as the talks are scheduled to begin in a week. According to latest reports, May is seeking a coalition with Northern Ireland’s Democratic Unionist Party, which holds 10 seats, to form a new government. However, no agreement has been struck yet.

The prime minister herself is facing calls to step down from her post as she could not strengthen her party’s hand by calling the snap election mid-April. PM May is scheduled to have a meeting with lawmakers on Monday.

Trade suggestion

Sell Stop at 1.26700, Take profit at 1.26300, Stop loss at 1.26900

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Re: Signals by Capital Street FX

Postby CSFX.Support » Mon Jun 12, 2017 7:19 pm

AUD/CAD signal by Capital Street FX

From GMT 03:00 12/06/2017
Till GMT 21:00 12/06/2017

Sell at 1.01050
Take profit at 1.01650
Stop loss at 1.01250
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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Re: Signals by Capital Street FX

Postby CSFX.Support » Tue Jun 13, 2017 6:43 pm

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Daily Report on June 13, 2017



Global shares advanced on Tuesday thanks to an ease in the selloff in technology shares. The Stoxx Europe 600 Index climbed 0.4 percent, reversing higher from a decline of 0.1 percent on Monday. Australian shares led gains in Asian session, soaring 1.7 percent with energy and financial shares topping the market as investors returned from a holiday.

Japan’s Topix rose 0.1 percent while South Korea’s Kospi added 0.7 percent. Hong Kong’s Hang Seng index and Shanghai Composite Index also found themselves trading in positive territory, jumping 0.4 percent both. Futures on the S&P 500 Index added 0.2 percent.

The Canadian dollar continued to soar on Tuesday after having touched the strongest level in about two months versus the dollar in the previous session. The loonie was supported by rising possibility that interest rates might go up sooner than expected.

The pair USDCAD nose-dived by more than 0.3 percent on Tuesday to trade around C$1.3285 per dollar – the lowest level since April 17th, following a drop of more than 1 percent on Monday. Canadian dollar got a lift after Bank of Canada senor deputy governor Wilkins, during her speech late Monday, said that a rate hike could come sooner than anticipated.

U.S. Federal Reserve's two-day policy meeting set to start later on Tuesday. The central bank is widely expected to raise interest rates for the second time since the start of this year, raising its fed funds target range by a quarter points to a range between 1.0-1.25 percent. Investors will also be watching for any fresh hints on the pace of further tightening in the months to come and on the Fed's plans for trimming its balance sheet which might be revealed in a 30-minute press conference of Fed Chair Janet Yellen following the rate decision.



Technicals

CADCHF


CADCHF has been struggling around a resistance at 0.72900 – a stance which had been a strong support for the pair in mid-May. Recent steep up moves have sent the market into the overbought zone and caused the price to fall into a consolidation. In the event of continual upbeat trade, the pair is expected to hit another strong level at 0.73400.

Trade suggestion

Buy Stop at 0.73000, Take profit at 0.73400, Stop loss at 0.72800



SUGAR


Sugar failed to maintain its bullish momentum after having breached the short-term MA20. The commodity had to retreat from as high as 14.52 and has fallen below the MA20 again. RSI rebounded from the 50 line and is heading lower, signaling further declines. Sugar may attempt a support at 13.30.

Trade suggestion

Sell Stop at 13.80, Take profit at 13.30, Stop loss at 14.00



GOLD


Gold futures prices have been trading sideways to lower under the downward pressure exerted by two MAs hanging above the price action. The short-term MA20 has breached the long-term MA50 from above, indicating a strengthening downtrend. RSI remained at low level, signaling further declines.

Trade suggestion

Sell Stop at 1263.00, Take profit at 1257.00, Stop loss at 1266.00



SILVER



Silver has been tracing a sharp downtrend which helped the metal’s price to beach a firm support at 16.990 and sent the market into an oversold zone. Silver, however, is likely to extend its down moves as ADX index is soaring strongly with a widening gap between –DI and +DI lines. A support at 16.670 is within the sight.

Trade suggestion

Sell Stop at 16.800, Take profit at 16.670, Stop loss at 16.850



DAX 30


As can be seen from the price chart, Germany’s DAX 30 index has been supported by a couple of MAs. The stock benchmark index gapped up on Tuesday and looks set to soar higher as the market has jumped in the bullish zone, as indicated by the RSI index. ADX index is edging higher, confirming the uptrend.

Trade suggestion

Buy Stop at 12750.00, Take profit at 12840.00, Stop loss at 12700.00



NASDAQ 100



NASDAQ 100 index jumped higher at the open on Tuesday and is facing a strong resistance at 5723.00 where the stock benchmark index had to give up its strength and rebounded lower. RSI has risen from the oversold zone while the +DI line has converged with the –DI line from below. A resistance at 5785.00 is expected to be tested.

Trade suggestion

Buy Stop at 5725.00, Take profit at 5785.00, Stop loss at 5700.00
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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Re: Signals by Capital Street FX

Postby CSFX.Support » Tue Jun 13, 2017 6:47 pm

Canadian Dollar Continues to Soar on Support from BOC’s Senior Official’s Hawkish Comments

The Canadian dollar soared on Tuesday after having touched the strongest level in about two months versus the dollar on Monday. The loonie was supported by rising possibility that interest rates might go up sooner than expected.

The pair USDCAD nose-dived by more than 0.3 percent on Tuesday to trade around C$1.3285 per dollar – the lowest level since April 17th, following a drop of more than 1 percent on Monday. Canadian dollar got a lift after Bank of Canada senor deputy governor Wilkins, during her speech late Monday, said that a rate hike could come sooner than anticipated.

On the other hand, the dollar held steady against a basket of currencies as investors were awaiting the U.S. Federal Reserve’s two-day policy meeting starting set to start later on Tuesday. The central bank is widely expected to raise interest rates for the second time since the start of this year, rising its fed funds target range by a quarter point to a range between 1.0%-1.25%.

Investors will also be watching for any fresh hints on the pace of further tightening in the months to come and on the Fed’s plans for trimming its balance sheet which might be revealed in a 30-minute press conference of Fed Chair Janet Yellen following the rate decision.

Higher rates could boost the dollar, sending the greenback higher against its rivals, including the loonie.

There will be no economic data for the Canadian dollar on Tuesday but the U.S. Bureau of Labor Statistics is scheduled to release data on Producer Price Index for May which is forecast to remain unchanged on a monthly basis.


USDCAD has declined for a third session in a row. The downward rally has sent the pair below a significant support at 38.2% Fibonacci level while the short-term DMA20 has crossed the long-term DMA50 from above, which indicates a strong bearish momentum in the market. ADX is soaring with a widening gap between the -DI and +DI lines. The pair is expected to edge lower and may test a support at 1.32200 – the lowest level since April 13.

Trade suggestion

Sell Stop at 1.32800, Take profit at 1.32200, Stop loss at 1.33000

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Re: Signals by Capital Street FX

Postby CSFX.Support » Tue Jun 13, 2017 6:50 pm

CAD/JPY signal by Capital Street FX

From GMT 08:00 13/06/2017
Till GMT 21:00 13/06/2017

Buy at 83.100
Take profit at 83.700
Stop loss at 82.800
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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Re: Signals by Capital Street FX

Postby CSFX.Support » Fri Jun 16, 2017 3:56 pm

Image
Daily Report on June 16, 2017



Asian stocks were mixed on Friday with the MSCI Asia Pacific Index little changed. Despite of being weighed down by technology shares which caused the sector to drop 0.2 percent, overall performance was supported by gains in Japanese Yen which strengthened on the back of a weak currency. Crude futures prices held losses, continuing to trade at a seven-month low.

Japan’s Topix jumped 0.5 percent, erasing its loss for the week with the reversal into trading higher of shares of SoftBank Group Corp. Equities of the Japanese multinational telecommunications and Internet corporation jumped 2.8 percent, snapping a four-day downward rally. Australia’s S&P/ASX 200 Index advanced 0.4 percent while Hong Kong’s Hang Seng index and Singapore’s Straits Times Index also traded higher. The Shanghai Composite Index, however, lost 0.2 percent.

Meanwhile, the BOJ will conclude its two-day meeting today with markets expecting that the central bank would leave policy settings alone as Japan's consumer price growth is still far from the bank's 2% inflation target. The focus will be on Governor Haruhiko Kuroda’s press conference which comes after the results of the meeting.

Investors were waiting for clues from the BOJ’s Governor about an eventual exit from stimulus after the central bank upgraded its assessment of the economy from "recovery" to "expansion" at its last meeting in April. That was the first upgrade in the last nine years after BOJ considered improving exports and domestic consumption.



Technicals

GBPCHF


GBPCHF has been tracing an uptrend which brought its price action above a couple of MAs. The currency pair is struggling around a significant stance at 23.6% Fibonacci level. Both ADX and RSI index are on a rise, suggesting a strong bull is dominating the market. A resistance at 1.25300 is within the sight.

Trade suggestion

Buy Stop at 1.24700, Take profit at 1.25300, Stop loss at 1.24400



EURAUD


EURAUD has been on a sharp downtrend after having broken out of a period of moving sideways around an importance stance at 23.6% Fibonacci level. Under downward pressure from two MAs that are hanging above the price action, the pair is anticipated to test a support at 38.2% Fib. While ADX is surging vigorously with a widening gap between –DI and +DI lines, RSI index is edging lower, confirming the downtrend.

Trade suggestion

Sell Stop at 1.46700, Take profit at 1.46200, Stop loss at 1.46900



NZDJPY


NZDJPY extended its uptrend to a fourth day in a row – surging to the highest since early-March on Friday. The pair has officially broken out of a significant level at 50.0% Fibonacci level and surpassed a high at 79.992 reached on Wednesday. Both RSI and ADX indices are edging higher, which suggests further advances.

Trade suggestion

Buy Stop at 80.200, Take profit at 80.650, Stop loss at 80.000



SILVER


Silver prices have been struggling around a support at 16.710 – the stance that the precious metal failed to breach on Tuesday. The metal’s prices have been depressed by both long-term MA50 (which forced the price reversed lower at as high as 17.348) and short-term MA20. RSI remained at low level, signaling further declines.

Trade suggestion

Sell Stop at 16.700, Take profit at 16.550, Stop loss at 16.770



GOLD


Under the pressure from two moving averages, gold futures fell below a Fibonacci retracement at 23.6%. The precious metal fell into a consolidation following sharp down moves but seems to extend its downtrend with RSI index heading lower while ADX index is on a rise. A support at 1246.00 is within the sight.

Trade suggestion

Sell Stop at 1252.00, Take profit at 1246.00, Stop loss at 1255.00



DAX



Germany’s DAX 30 has been moving in an upward slopping trading range with higher lows and higher highs formed along the way. The price reversed lower after having nearly hit the lower boundary in Thursday. While RSI is inching higher, the stock benchmark index is expected to test a resistance 12830.00.

Trade suggestion

Buy Stop at 12710.00, Take profit at 12830.00, Stop loss at 12650.00
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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Re: Signals by Capital Street FX

Postby CSFX.Support » Fri Jun 16, 2017 4:03 pm

DAX 30 Index Reverses Higher As Shares of Auto Makers Jump

German shares advanced on Friday, reversing higher after a slump on the previous session. The stock benchmark DAX 30, which tracks the performance of the 30 largest companies trading on the Frankfurt Stock Exchange, added nearly 0.5 percent with gains from shares of auto makers.

The European Automobile Manufacturers’ Association on Friday reported that new car sales in the European Union rose 7.6% in May to 1.39 million in the EU in May from 1.29 million recorded one year ago. The sales rise in western Europe was reported to be most pronounced in Germany and Spain. In Germany, the EU’s biggest car market, car sales rose 12.9%.

The report triggered a sharp gain in shares of auto makers. Shares of BMW AG added 0.7% in Frankfurt while those of Daimler AG advanced by nearly 0.5 percent.

Trade suggestion

Buy Stop at 12760.00, Take profit at 12830.00, Stop loss at 12730.00

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Re: Signals by Capital Street FX

Postby CSFX.Support » Fri Jun 16, 2017 4:10 pm

Japanese Yen Slumps Ahead of BOJ’s Rate Decision, Fed’s Rate Hike Continues to Support Dollar

Japanese Yen extended losses against its American counterpart on Friday after having suffered the biggest one-day decline in the previous session. While the Yen was awaiting the Bank of Japan’s rate decision, the dollar continued to strengthen on the back of following the Federal Reserve’s decision to raise interest rates.

The pair USDJPY rose nearly 0.2 percent to trade around 111.13 on Friday after dropping 1.2 percent in Thursday’s session – the most since January. The U.S. central bank on Wednesday lifted its benchmark interest rate to between 1% and 1.25% and said it would gradually shrink its massive $4.5 trillion balance sheet.

Meanwhile, the BOJ will conclude its two-day meeting today with markets expecting that the central bank would leave policy settings alone as Japan’s consumer price growth is still far from the bank’s 2% inflation target. The focus will be on Governor Haruhiko Kuroda’s press conference which comes after the results of the meeting.

Investors were waiting for clues from the BOJ’s Governor about an eventual exit from stimulus after the central bank upgraded its assessment of the economy from “recovery” to “expansion” at its last meeting in April. That was the first upgrade in the last nine years after BOJ considered improving exports and domestic consumption.

Later on the day, U.S. Census Bureau is due to report data on Building Permits for May, which is expected to point to a rise of 1.25 million permits issued last month after an unexpected slump in April. Data on housing starts is also anticipated to show an increase of 1.23 million units in May. In the month before, housing starts decreased by 2.6% from March to hit a seasonally adjusted 1.172 million units.

U.S. data released on Friday also features reports on Consumer Sentiment, Labor Market Conditions and Inflation Expectations published by University of Michigan.


USDJPY has been tracing a strong uptrend after rebounding from as low as 108.810. The price action has not only breached both the short-term and long-term MAs from below but has also broken out of a firm resistance at 23.6% Fibonacci level – where it had to reverse lower last Friday. Both ADX and RSI indices are soaring strongly, suggesting a strengthening bullish momentum in the market. Further advances are expected.

Trade suggestion

Buy Stop at 111.200, Take profit at 111.600, Stop loss at 111.000

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Re: Signals by Capital Street FX

Postby CSFX.Support » Fri Jun 16, 2017 4:17 pm

EUR/JPY signal by Capital Street FX

From GMT 08:35 16/06/2017
Till GMT 21:00 16/06/2017

Buy at 124.350
Take profit at 124.850
Stop loss at 124.100
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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Re: Signals by Capital Street FX

Postby CSFX.Support » Mon Jun 19, 2017 6:07 pm

Image
Daily Report on June 19, 2017



Asian shares rose on Monday with Japanese equities supported by a weaker Yen. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.5 percent while Japan's Nikkei jumped 0.6 percent. The yen declined 0.1 percent versus the dollar after a report published by the Ministry of Finance showed that the country’s trade balance fell unexpectedly last month.

According to the data released earlier on Monday, Japan’s trade balance fell to a seasonally adjusted 0.13T in May from 0.16T in April. As stronger-than-expected imports overpowered the continued growth in exports, the result missed analysts’ expectation calling for a rise to 0.35T last month.

Australia’s S&P/ASX 200 Index climbed 0.5 percent and South Korea’s Kospi index gained 0.6 percent while Chinese shares jumped 0.55 percent. Hong Kong's Hang Seng advanced 0.85 percent. Investors were awaiting a decision from index compiler Morgan Stanley Capital International, or MSCI, which will be announced after markets close in New York on Tuesday, on whether to include Chinese-listed stocks, or so-called A-shares, in its widely tracked Emerging Markets Index.

Crude oil retreated on Monday, hovering near the lowest level since November on the back of a continuing expansion in U.S. drilling. The U.S. oil rig count was reported to continue to rise, up by 6 last week. The rise extended the upward rally to a 22nd in a row, adding concerns over high global supplies despite an OPEC-led initiative to cut production to tighten the market.



Technicals

GOLD



Gold continued to move sideways below a resistance at 23.6% Fibonacci retracement on Monday. Under downward pressure from two MAs which are hanging above the price action, gold not only failed to break out of the Fib. level but also appears to trade lower. A support at 1246.00 is within the sight.

Trade suggestion

Sell Stop at 1251.00, Take profit at 1246.00, Stop loss at 1253.00



COPPER



Copper’s price action has crossed over a couple of MAs for the first time since it dropped below these two stances last Monday. A reversal into an uptrend is expected as the RSI index has entered the bullish zone and has surged to as high as 60.3475. The metal’s price is expected to test a resistance at 2.6000.

Trade suggestion

Buy Stop at 2.5750, Take profit at 2.6000, Stop loss at 2.5650



SP500



SP500 index fell into a consolidation after a sharp rise on Friday which brought the price action above both the long-term and short-term MAs. With the support from two MAs hanging below the price action, the stock index is expected to extend its upward rally to test a resistance at 2445.00.

Trade suggestion

Buy Stop at 2439.00, Take profit at 2445.00, Stop loss at 2436.00



DAX


DAX 30 index has been trapped in an upward slopping trading range and has been tracing an uptrend following a rebound from the lower boundary. The price action has been struggling with a couple of MAs but further advances are expected as the RSI index which has surpassed 50 indicates a strengthening bullish momentum in the market.

Trade suggestion

Buy Stop at 12770.00, Take profit at 12830.00, Stop loss at 12740.00
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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