Technical Analysis

Technical Outlook - US Equity Indices
May 15, 2015 - 15:01
After Wednesday’s disappointing retail sales snapped concerns for Fed’s near-term interest rate hike, negative PPI, on Thursday, fuelled speculations that the Federal Reserve won’t be practicing their first interest rate increase since 2006 sooner, supporting the equity markets to continue enjoying the easy money. On Thursday, the S&P 500 [SP500] closed at record high while the Dow Jones Industrial Average Index [DJI30] is currently trading near the record level and the NASDAQ [NQ100] is at a month’s high. Given...
Gold and Silver Technical Overview
May 15, 2015 - 14:54
Led by the recent weakness in the US Dollar, both the precious metals, Gold and Silver, rose for a third straight trading session on Thursday to settle at their highest level in nearly 3-months. Both the precious metals area now headed for a yet another week of gains. Given the backdrop here is a technical overview as to how they are likely to move in the near-future. GOLD As is visible on daily chart, the yellow metal has been oscillating within a trading range between 23.6% and 50% Fib. retracement level of Jan. highs to March lows down-...
Technical Outlook- Important CHF Pairs
May 14, 2015 - 15:05
Reversing its last weekend decline, triggered by fourth negative CPI reading in previous five, the Swiss Franc (CHF) extended its across the board gains during the current week. The CHF trades near a week’s low against its US and Japanese counterparts and is on the fourth consecutive decline road against EUR while the aftershocks of UK election results, coupled with positive labor market details, helped GBP to witness minor damages against CHF. With the Swiss market observing Ascension Day holiday, market players could wait for...
Technical Overview - USDCAD, EURCAD, AUDCAD and CADJPY
May 14, 2015 - 15:03
On Wednesday, the Canadian Dollar underperformed against majority of its counterparts except for the broadly weakening USD. The USD weakness was led by disappointing monthly retail sales data that fell short of the consensus forecast. On Thursday, CAD continues to remain weak against EUR but is trading in a narrow trading range with slightly positive bias against USD, AUD and JPY. Given the backdrop, here is a technical overview for USDCAD, EURCAD, AUDCAD and CADJPY. ALSO READ: Global Economic Releases To Drive The Forex Market USDCAD...
Technical Outlook- AUDJPY, NZDJPY and AUDNZD
May 13, 2015 - 15:36
Increase in commodity prices, coupled with recent advance in Chinese Industrial production, outpaced optimistic Japanese details, damaging the JPY against commodity currencies, mainly AUD, NZD and CAD. Moreover, the bi-annual Financial Stability Report by the RBNZ, published on Tuesday, provided considerable strength to the NZD. Also Read: Global Economic Releases To Drive The Forex Market Meanwhile, the following is a brief technical overview of AUDJPY, NZDJPY and AUDNZD. AUDJPY AUDJPY extended its break of 200-day SMA, the first since...
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