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Re: Daily Market Research by Capital Street FX

Postby CSFX.Support » Tue Oct 10, 2017 5:30 pm

Daily Report on October 10, 2017



Shrugging off modest losses on Wall Street, Asian shares rose on Tuesday as traders returned from holidays. The MSCI Asia Pacific Index jumped 0.6 percent, led by an increase of 1.6 percent of South Korea’s Kospi index. Whereas, Japan’s Topix index gained 0.5 percent at the close of trading in Tokyo and Australia’s S&P/ASX 200 Index closed flat.

Hang Seng Index surged 0.6 percent while the Shanghai Composite Index added 0.2 percent after having reached its highest since January 2016 on Monday. The Chinese yuan also rose on Tuesday after the PBOC raised the official midpoint to 6.6273 per dollar, from Monday's fixing of 6.6493 per dollar. Head of the National Bureau of Statistics of China, Ning Jizhe reportedly said that China would have no problem meeting its economic growth target of around 6.5 percent this year, and may even surpass this target.

The National Australia Bank reported that the nation’s business conditions remained strong in September. Indeed, NAB's Business Confidence index jumped to a net balance of +7 last month, up from +5 in August and above analysts’ expectations calling for a rise to +6. NAB's Chief Economist, Alan Oster, claimed that “Business conditions at these levels tell us that the business sector in Australia is doing very well”.

Crude oil futures prices advanced on Tuesday due to prospects of balancing oil market. OPEC’s secretary general Mohammad Barkindo on Monday said that “There is clear evidence that the market is rebalancing” given “the process of global destocking continues” in recent months.

The Federal Statistical Office of Germany on Tuesday reported that German exports surged in August due to strong demand from the Eurozone. Particularly, German’s total goods exports in August was reported to climbed 3.1% from July, led by a 10.6% increase in exports to eurozone countries.



Technicals

NZDJPY


NZDJPY reversed lower after a period of moving sideways below a significant level at the 50.0% Fibonacci level. The pair gapped down and fell below this level earlier this week but failed to recover and surpass this handle. Under downward pressure from two moving averages that are hanging above the price action, the pair is expected to trade lower to test a support at 79.000.

Trade suggestion

Sell Stop at 79.500, Take profit at 79.000, Stop loss at 79.700



EURUSD


EURUSD extended its upbeat rally following a consolidation around a couple of moving averages. The price action successfully penetrated these two dynamic resistance from below, which confirms the uptrend. While RSI index is pointing towards the overbought zone, ADX index is ticking higher with the +DI and –DI lines moving in different directions. Further advances are expected.

Trade suggestion

Buy Stop at 1.17900, Take profit at 1.18300, Stop loss at 1.17700



USDCAD



USDCAD fell below both the short-term MA20 and the long-term MA50 after a consolidation. A reversal into a downtrend is confirmed after the breakout. With RSI index has jumped into the negative territory, the ADX index reversed higher with a widening gap between –DI and +DI lines. A support at 1.24500 is expected to be tested.

Trade suggestion

Sell Stop at 1.25000, Take profit at 1.24500, Stop loss at 1.25200



SILVER


Silver has been tracking an uptrend that has sent the precious metal to the highest level since September 26th. While the RSI index is heading upward, the ADX index is also on a rise with a widening gap between the +DI and –DI lines, suggesting a strengthening bullish force in the market. A resistance at 17.200 is within the sight.

Trade suggestion

Buy Stop at 17.060, Take profit at 17.200, Stop loss at 17.000



GOLD



Gold has been trading higher after rebounding from a significant level at 61.8% Fibonacci retracement. As can be seen from the chart, the short-term MA20 has crossed over the long-term MA50 from below, which confirms the uptrend. As both RSI and ADX indices are edging higher, the precious metal is anticipated to extend its upbeat move to attempt a resistance at 1298.00.

Trade suggestion

Buy Stop at 1291.00, Take profit at 1298.00, Stop loss at 1288.00



BRENT


Brent crude prices rebounded from a firm support at 55.000 benchmark level which has supported the commodity price since September 13th. The price action has crossed over the short-term MA20 and is facing the long-term MA50. A breakout is expected with the market having jumped in the positive territory. ADX index is also on a rise. A resistance at 57.200 is anticipated to be tested.

Trade suggestion

Buy Stop at 56.400, Take profit at 57.200, Stop loss at 56.000

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Supported by Upbeat Data and Signs of Stronger China’s Economy, Aussie Snaps Three-day Slide

The Australian dollar strengthened versus its American counterpart on Tuesday, snapping a three-day streak of losses. The Aussie gained ground in the wake of upbeat economic data and signs of stronger economic growth in China.

The pair AUDUSD added more than 0.5 percent to trade at $0.7796 in Asian trading session on Tuesday. The National Australia Bank reported that the nation’s business conditions remained strong in September. Indeed, NAB’s Business Confidence index jumped to a net balance of +7 last month, up from +5 in August and above analysts’ expectations calling for a rise to +6.

NAB’s Chief Economist, Alan Oster, claimed that “Business conditions at these levels tell us that the business sector in Australia is doing very well.”

Meanwhile, head of the National Bureau of Statistics of China, Ning Jizhe reportedly said that China would have no problem meeting its economic growth target of around 6.5 percent this year, and may even surpass this target. Jizhe also added that measures taken by the government to cool the overheated property market have been effective and will remain in place.

Also supported by a weak dollar, the Chinese yuan rose on Tuesday as China’s central bank guided the currency’s midpoint higher. The People’s Bank of China (PBOC) fixed the official midpoint at 6.6273 per dollar, firmer than Monday’s fixing of 6.6493 per dollar, marking the first time it has raised that guidance in two weeks.

As China has become the biggest trading partner of Australia, especially Australian iron ore and coal, while Australian economy depends heavily on the foreign investment and commodity exports, investor sentiment towards the Aussie tends to partly be dictated by Chinese economic prospects.

Trade suggestion

Buy Stop at 0.78000, Take profit at 0.78400, Stop loss at 0.77800


Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

******************************************

U.K. Stocks Reverse Higher on Gains in Shares of Miners and Upbeat Economic Data

U.K. shares advanced on Tuesday, reversing higher from a loss in the previous session. Mining shares led the overall performance thanks to gains in prices of dollar-denominated metals while upbeat industrial production figures also contributed to the bullish sentiment.

The FTSE 100 index jumped nearly 0.25 percent to trade at 7,526.71 after having slipped 0.2 percent on Monday. Shares of copper producers soared as copper prices touched their highest in four weeks on Tuesday. The metal climbed 0.45 percent to trade at $3.0445, sending shares of copper producers Antofagasta PLC and Fresnillo PLC up 1.58% and 1.75%, respectively.

On the back of a weak dollar, gold and silver prices were also on a rise, helping bolster shares of international gold mining and exploration business Randgold Resources up 0.8%.

Meanwhile, the Office for National Statistics on Tuesday reported that manufacturing production grew by 0.4% month on month in August, brought the annual growth rate to 2.8%, outstripping expectations of a 1.9% increase. Industrial production was reported to climb 1.6% year-over-year, also above a forecast of 0.9%.

Trade suggestion

Buy Stop at 7,526.71, Take profit at 7,55000, Stop loss at 7,51600


Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

************************************************

EUR/NZD

From GMT 13:00 10/10/2017
Till GMT 21:00 10/10/2017

Buy at 1.66900
Take profit at 1.67100
Stop loss at 1.66700
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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CSFX.Support
 
Posts: 2149
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Re: Daily Market Research by Capital Street FX

Postby CSFX.Support » Thu Dec 28, 2017 11:07 am

DAILY REPORT ON DECEMBER28, 2017
In the report released by New York Stock Exchange, on Wednesday short interest on the fell 0.2 percent in mid-December. Short interest fell to about 16.350 billion shares as of December 15, compared with 16.387 billion shares as of Nov. 30. Investors who sell securities short borrow shares and then sell them, expecting the stock to fall so they can buy the shares back at the lower price.
According to a Resic Inc report the U.S. apartment vacancy rate increased in fourth quarter from the third as supply exceeded demand. The national apartment vacancy rate rose to 4.5% from 4.4%, the real estate research firm said.
U.S. stocks edged higher in late morning trading on Wednesday, supported by gains in tech and healthcare shares. The Dow Jones 30 rose 0.11% (28.09 points), the S&P 500 increased 0.08% (2.12 points) and Nasdaq100 was up 0.0.04% (3.09 points).
Japan's factories and retailers posted better-than-expected growth in activity in November, while minutes from the central bank's last policy meeting showed board members raising the prospect of reducing stimulus. The firm data and suggestions of a shift away from the Bank of Japan's crisis-era policies on Thursday come as the outlook for the world's third-largest economy goes from strength to strength. Japan’s Nikkei225 fell 0.17% (12.40 points) early on Thursday. The Hong Kong index (Hang Seng) is trading higher by 197.34 points (0.66%). Shanghai is up by 0.77%.
In European equity market the CAC40 index rose 0.39%, London (FTSE) was down by 0.04 percent and German DAX30 was 0.02% (2.77 points) lower on Wednesday.
Bitcoin fell below $15000 after the biggest rally in two weeks ended a rout that wiped more than $9000 off the price. Currently the market is trading at $13,950.
Oil prices were stable on Thursday. Heading into 2018, due to ongoing supply cuts.The market expects the supply conditions will continue to remain relatively tight. WTI crude was at $59.77, a barrel. Brent crude was at $66.12, a barrel. Gold is trading higher at $1,284.70 an ounce. Silver is at $16.815 an ounce. Copper has been closing higher continuously over the last one week up again at $3.311 a pound.

Technicals

EURUSD

EURUSD continues to see bullish forces underpinning the market. The price action is hovering around the upper band of the Bollinger bands. The MACD has made a positive crossover indicating an uptrend. The 20 day EMA has made a positive crossover to the middle band of the Bollinger bands. Major resistance is at 1.19640 and support is at 1.18790
Trade suggestion:
Buy stop at 1.19360, take profit at 1.19640, stop loss at 1.19002

GBPUSD

GBPUSD has made a break out above the 61.8% Fibonacci retracement level (from 1.3028 to 1.3650). The RSI is currently at 57.20. The MACD is ready to make a positive crossover. Important resistance is at 1.34762 and support is at 1.34101.
Trade suggestion:
Buy stop at 1.34465, take profit at 1.34760, stop loss at 1.34105

AUDUSD

AUDUSD is behaving bullish. The MACD has is positive indicating an uptrend. The market is trading above all the moving averages (9 day and 20 day). Major resistance is at 0.78080 which is the 50% Fibonacci retracement level (from 0.74960 to 0.81201).crucial support is at 0.77790.
Trade suggestion:
Buy stop at 0.77980, take profit at 0.78080, stop loss at 0.77915

LTCUSD

LTCUSD has turned bearish. The market is hovering around the 38.2% Fibonacci retracement level (from 127.220 to 414.50).the price action is trading below all the moving averages (9 day and 20 day). The RSI is at 50.949. The MACD is placed in the negative zone below the signal line.
Trade suggestion:
Buy stop at 246.76, take profit at 269.93, stop loss at 230.13

GOLD

Gold is behaving bullish, and is targeting the 61.8% Fibonacci retracement level (from 1203 to 1361.7). The MACD is at its high. The RSI is at 63.52. The market is trading above all the moving averages (9 day and 20 day). Crucial resistance is at 1300 and support is at 1287.
Trade suggestion:
Buy stop at 1293, take profit at 1305, stop loss at 1287

SILVER

Silver is trading positive. The market is trading above all the moving averages (9 day and 20 day). The 9 day EMA has made a positive crossover above 20 day EMA. The RSI is at 61.49. The MACD is also positive. The price is currently testing the upper band of the Bollinger bands, indicating a strong uptrend.
Trade suggestion:
But stop at 16.817, take profit at 16.897, stop loss at 16.761

DOW JONES30

Dow Jones30 is moving sideways and hovering above the middle band of the Bollinger bands. The market is trading above all the moving averages (9 day and 20 day). The MACD has made a positive crossover. The RSI is moving sideways at 55.113.Important resistance is at 24843 and support is at 24756.
Trade suggestion:
Buy stop at 24815, take profit at 24850, stop loss at 24798
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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CSFX.Support
 
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Re: Daily Market Research by Capital Street FX

Postby CSFX.Support » Fri Dec 29, 2017 1:23 pm

DAILY REPORT ON DECEMBER29, 2017

Global equity issuance rose by almost a fifth in 2017 and bankers expect issuance to increase further in 2018 as the improving global economy and buoyant stock markets drive larger flotations and rights issues to finance acquisitions. Companies raised $780.2 billion in equity in 2017, up 19 percent from $656.4 billion last year, Equity Capital Markets (ECM) data up to Dec. 26 showed.
Investors poured $24.1 billion into U.S.-based stock funds in the week to Dec. 27, Lipper said on Thursday, sending a gift to equity markets already on pace to record a year of double-digit percentage gains. Cash is also shuffling around during a typically active period for funds, despite holidays, as investors plan for taxes and report end-of-year performance statistics. Equity fund outflows totaled $22.2 billion the week prior.
read more :- https://capitalstreetfx.com/en/technical_analysis/20171229-2/
Technicals
GBPUSD
Fig: GBPUSD D1 Technical chart
GBPUSD has made a higher bottoms formation pattern at 1.34360 in the daily chart. The RSI is currently at 59.84. The MACD is ready to make a positive crossover. Important resistance is at 1.34890 and support is at 1.34260. On Thursday the market had closed above the 78.6% Fibonacci retracement level (from 1.25860 to 1.36561).Gradually the market is on the rise with a positive bias.
Trade suggestion:
Buy stop at 1.34710, take profit at 1.34890, stop loss at 1.34271
USDJPY
Fig: USDJPY D1 Technical chart
USDJPY is trading in the negative zone, after testing the 78.6% Fibonacci retracement level (from 107.34 to 114.75). The MACD is ready to make a negative crossover. The RSI is placed below 50 at 46.908. Currently the market is trading below all the moving averages (9 day and 20 day).
Trade suggestion:
Sell stop at 112.60, take profit at 112.48, stop loss at 112.70
EURUSD
Fig: EURUSD D1 Technical charts
EURUSD has made higher highs on the daily chart. Currently the market is testing the upper band of the Bollinger bands. The RSI is at 65.22. The MACD is also positive. Important resistance is at 1.1977, which is the 78.6 % Fibonacci retracement level (from 1.15445 to 1.20950). Major support is at 1.19230.
Trade suggestion:
Buy stop at 1.1963, take profit at 1.1977, stop loss at 1.19310
ETHUSD
Fig: ETHUSD D1 Technical chart
ETHUSD has been in a consolidation phase and currently the market is indicating a positive candle on the daily chart. The price action has maintained above the moving averages (9 day and 20 day).The RSI is at 60.66. The MACD is ready to move into positive territory. Crucial resistance is at 785.14 and support is at 385.76.
Trade suggestion:
Buy stop at 720.12, take profit at 755.05, stop loss at 700.12
SILVER
Fig: SILVER D1 Technical chart
Silver is hovering near the 50% Fibonacci retracement level (from 15.641 to 18.164). The market is trading above all the moving averages (9 day and 20 day). The 9 day EMA has made a positive crossover above the 20 day EMA. The RSI has made a pullback at 62.78. The MACD is positive. The price is currently testing the upper band of the Bollinger bands, indicating a strong uptrend.
Trade suggestion:
Buy stop at 16.915, take profit at 16.978, stop loss at 16.850
GOLD
Fig: GOLD D1 Technical chart
GOLD is forming pattern of higher highs on the daily chart. The market is currently testing the upper band of the Bollinger bands, indicating a strong uptrend and hovering near the 50% Fibonacci retracement level (from 1237.37 to 1362.65). The RSI is at 65.32. The MACD is also positive.
Trade suggestion:
Buy stop at 1297.60, take profit at 1308, stop loss at 1288

DAX30
Fig: DAX30 D1 Technical chart
DAX30 is currently trading below both moving averages (the 9 day and the 20 day). The RSI is placed below 50, at 44.199. The MACD has made a negative crossover and moved below the signal line. The 9 day EMA has made a negative crossover below the middle band of the Bollinger bands. Important resistance is at 13058 and support is at 12888.92.
Trade suggestion:
Sell stop at 12950, take profit at 12920, stop loss at 13020
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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Re: Daily Market Research by Capital Street FX

Postby CSFX.Support » Thu Jan 11, 2018 12:47 pm

DAILY REPORT ON JANUARY 11, 2018

Wall Street's major indices were down on Wednesday while U.S. Treasury yields fell from their peak as investor doubt grew about a report that China would slow purchases of U.S. government bonds. The S&P 500 pared some losses after falling as much as 0.6 percent after the report, which also pushed the dollar down.
A threat by unnamed Chinese officials to stop or slow U.S. Treasury buying is being taken somewhat seriously by the bond market and is seen as a potential political message to Washington. Bloomberg on Wednesday reported that senior officials reviewing China's foreign currency holdings had recommended slowing or halting purchases of U.S. Treasuries because the debt is less attractive than other assets and, possibly, because of U.S. – China trade tensions.
Read Morehttps://capitalstreetfx.com/en/technical_analysis/20180111-2/
Technicals
USDCAD
Fig: USDCAD D1 Technical chart
USDCAD is trading above the 9 day EMA and trading below the 20 day, 50 day, 100 day, and 200 day moving averages. The market is trading below the 61.8% Fibonacci retracement level (from 1.2065 to 1.618). The RSI is at 42.42. Currently, the MACD is ready to make a positive crossover, above the signal line.
Trade suggestion:
Buy stop at 1.25499, take profit at 1.25731, stop loss at 1.25380
AUDUSD
Fig: AUDUSD D1 Technical Chart
AUDUSD is trading in the positive zone on the daily chart. But the MACD is above the signal line. The market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day, and 200 day). The RSI is at 72.73. Important resistance is at 0.79230 and support is at 0.78330.
Trade suggestion:
Buy stop at 0.78659, take profit at 0.78834, stop loss at 0.786100
USDJPY
Fig: USDJPY D1 Technical chart
USDJPY has made a bounce back on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is placed below 50 at 39.23. The MACD is below the signal line, and ready to make a positive crossover.
Trade suggestion:
Buy stop at 111.833, take profit at 112.000, stop loss at 111.7490
BITCOIN
Fig: BITCOIN D1Technical chart
Bitcoin is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day) on the daily chart. The RSI is at 44.49. The MACD has made a negative crossover below the signal line. The market is expected to bounce back.
Trade suggestion:
Buy stop at 13429, take profit at 14083, stop loss at 12837
SILVER
Fig: SILVER D1 Technical chart
SILVER is currently trading in the negative zone on the daily charts, and below the 78.6% Fibonacci retracement level (from 15.634 to 17.479). The market is trading above all the moving averages (9 day, 20 day, 50 day and 100 day). The RSI is at 55.73. The MACD is ready to make a negative crossover, below the signal line.
Trade suggestion:
Buy limit at 16.830, take profit at 16.993, stop loss at 16.800
WTI CRUDE
Fig: WTI Crude D1 Technical chart
WTI crude has made higher highs on the daily chart. Currently, the market is trading in the range of $63.26 - $63.60. The RSI is at 51.25. The MACD is also positive. Important resistance is at 63.87.Major support is at 62
Trade suggestion:
Sell stop at 63.30, take profit at 62.80, stop loss at 63.50
DAX30
Fig: DAX30 D1 Technical Chart
DAX30 is trading in the negative zone on the daily charts. The market is trading above all the moving averages (9 day EMA, 20 day EMA, 50 day, 100 day and 200 day). The RSI is at 57.17. The MACD is above the signal line. Resistance is at 13349 and support is at 13207.
Trade suggestion:
Sell stop at 13225, take profit at 13131, stop loss at 13280
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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CSFX.Support
 
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